A big explosion of copycats: GMT actually took the initiative to sell 600 million! As high as 120 million US dollars!
Let's talk about the project first:
$GMT is the governance token of the once popular running shoe project STEPN. STEPN GO has gone a step further on the basis of STEPN's success and completely changed the way of social fitness. The application combines social and sports elements. After players obtain NFTs, they can get rich token rewards through exercise or renting shoes. The number of players is as high as six million!
Not only that, the GMT ecosystem is also very complete. The decentralized exchange DOOAR independently developed by FSL has a monthly activeness of 460,000 and has been ranked first in the Solana network many times. It also created the NFT platform MOOAR that integrates launch and trading. GMT DAO is a foundation created by GMT holders. It manages the GMT ecological fund through on-chain voting to ensure that decisions are made based on the collective opinions of the community
Recently, the FSL team launched a destruction proposal to make GMT great again! It is proposed to repurchase all 600 million $GMT from the original consultants and investors and transfer them directly to GMT DAO! Now, the fate of this batch of tokens is handed over to the community, and the community will vote to decide how much to burn! ! The circulation quantity is about 3 billion, and destroying 20% is undoubtedly a super positive!
The voting lock date is from November 21st to January 20th, 2025, for 60 days. After the expiration, all locked tokens will be unlocked and returned. So how should we play?
Just lock your GMT through the burngmt.com website to vote. In the end, the more you lock, the more you will destroy. According to the published data, it is as follows
Lock 100 million $GMT and burn 60 million. Lock 500 million (a total of 600 million) and burn 230 million. Lock 900 million (a total of 900 million), and burn all 600 million!
At present, nearly 170 million have participated in the lock vote.
Of course, there are corresponding rewards for locking in voting. This vote will give out up to 100 million GMT as rewards. Participating in the vote will automatically receive a limited edition NFT, which will record your locked amount and how many airdrop rewards you can get. The more you lock, the more you get! #GMT投票燃烧计划
A Deep Dive into the Prospects and Earnings of the COS Short Video SocialFi Ecosystem
Contentos is an innovative video content platform that integrates content, social interaction, and finance to create a decentralized ecosystem through platforms like COS.TV and Channel.VIP. This ecosystem encompasses various fields, including ContentFi, SocialFi, the metaverse, and AI services, establishing an open and fair platform that fundamentally transforms the creative economy. #COS开启SocialFi新时代
Contentos has completed a historic transition from centralization to decentralization and launched version 2.0. Since the launch of Channel VIP, it has been loved by creators and users worldwide, adding diverse social features like airdrops, AMAs, and interactive Q&A based on exclusive chat rooms. The number of daily active users on the platform is enormous, with over 1 million monthly active users. Creators can convert the advertisements and interactions they earn from publishing content into real income.
Contentos not only provides earnings for creators but also allows ordinary users to stake $COS tokens with validation nodes to earn rewards. After staking, the tokens are automatically converted to VEST tokens at a 1:1 ratio, which are then allocated to validation nodes. Users can claim VEST tokens every Thursday and exchange them back for COS tokens to obtain earnings. This innovative earning model not only incentivizes creators but also enhances user participation.
Summary Isn't this just a straightforward cryptocurrency way of making money!! By casually posting some short videos on COS.TV, one can earn a decent income, which is the dream state of video bloggers and social influencers. Contentos, with its technological innovations, social breakthroughs, and unique earning model, offers users a fair and transparent blockchain service platform as part of this comprehensive ecosystem, and its future development potential is undoubtedly immeasurable.
There's nothing nutritious, and the market is currently at a high. I'm sure you've all heard the story of the boy who cried wolf.
The altcoins have moved a bit in the last couple of days. It looks like there has been a significant increase, but have you noticed that as soon as the main coin dips slightly, the altcoins drop first?
We have entered the tail end of the market, and it seems that this tail is still quite long!
A small suggestion: choose the coins you have a good understanding of. The strong will always remain strong. If a correction really comes, keep a close eye on it and consider entering the market with a diversified approach.
Should we go or not, should we go or not!! We might not earn much if we go, but if we don't go, the market value of this thing is a bit high! Stuck!! $TON
In the current market environment, why do many people lose money instead of making money?
I believe that at this stage, if you don’t make money, you will feel a little anxious. The group is full of comments every day: "Fuck, it’s taking off!", "Damn, this push back feeling is so cool!", "Damn, the inner plate is stuffed with X SOLs, and now it has doubled X times!" and so on. However, once you get into the market, you always lose money.
In the first-level "dog-beating circle", there is a law of bad luck: group members always make money, and you lose money as soon as you get in. Why is it always you who are unlucky? There are reasons. Here are a few reasons to see if you are suitable!
1. Circle - Are you in a circle where information flows and get first-hand information?
2. Cognition - Do you have enough understanding and analysis ability of the market?
3. Courage - Do you have enough courage to make decisions under high risks?
4. Experience - Can past investment experience help you make wiser decisions?
5. Bullets - Do you have enough funds to support your investment strategy?
6. Extremely fast information source - can you quickly obtain and process information about changes in market hot spots?
Lacking one of these elements and blindly entering the market often leads to capital losses or even direct zeroing.
When the bull market comes, there are always various temptations to consume your principal. Profit drawdown is not terrible, but when the bull market comes, you have no principal. For those who have no experience in "beating dogs", they should still focus on the areas they are good at. When you want to step out of your comfort zone, you often have to pay a high tuition fee. If you have unlimited bullets, just ignore what I said.
The same is true for contracts. If you really want to play, it is recommended not to exceed 5X leverage.
I wish everyone can make a lot of money in this bull market!
The mimo and izumi mining pools of DePIN leader IoTeX on-chain DEX are grandly opened! ! !
✨Advantage 1: As an old public chain, IoTeX has a safe and reliable on-chain environment, providing you with stable income. Here, there is no need to pledge, and there is no rug risk, so you can participate with peace of mind.
✨Advantage 2: Choose the IoTeX chain through Orbiter, and USDC cross-chain is easily achieved. The operation process is simple and convenient, even a novice can quickly get started.
✨Advantage 3: The investment threshold is low, and you only need to hold 100 USDT to participate in mining. Among them, the annual yield of the mimo mining pool can reach up to 700%, which is equivalent to a daily yield of about 2%; the izumi mining pool performs even better, with an annual yield of up to 900% and a daily yield of about 2.5%.
💎mimo mining pool link: https://mimo.exchange/farm 💎izumi mining pool link: https://izumi.finance/farm/iZi/dynamic 💎Orbiter small flying saucer cross-chain link: https://www.orbiter.finance/?source=Arbitrum&dest=IoTeX&token=USDC
5 little things newcomers to the cryptocurrency world should know
1: Don't use a wallet at the beginning. It is a safer choice to put the coins on a well-known exchange.
2: For new coins, it is best not to touch them, because their fluctuations are very large and difficult for newcomers to grasp.
3: Newcomers should avoid contract trading! This is very dangerous for newcomers and it is easy to lose money. Believe me, this is something you can't grasp! If you are not sure about investing in the cryptocurrency world, you can choose to buy Bitcoin and Ethereum.
4: Be mentally prepared before entering the cryptocurrency world. A 20% drop in one day is a common phenomenon. In addition to Bitcoin and Ethereum, don't invest all your money in other single currencies, especially altcoins! They may return to zero!
5: Position allocation is very important! Never "all in", keep "bullets" in your hand so that you can respond to market changes in a timely manner.
Think about position management and the mentality of cryptocurrency trading. Give yourself a position and know what you want.
For short-term trading, you can refer to the position near the pressure point to ship. Don't regret it if it goes up. You are a short-term participant. Just go on to the next one. If it goes up, you can't bear to sell it and want to take the long-term. If it goes down, you want to take the short-term. This mentality will torture yourself.
If you are a big cycle player who wants to take the long-term, don't be afraid of the midway callback. Don't look at the process but only the result. Of course, you have to endure a 50% or even 100% retracement. The whole bull market is a rhythm of continuous callback, rise, and callback, oscillating upward and spiraling upward. Players who do bands can reduce their positions when the price rises, but after reducing their positions, they must take them back when the price falls to avoid missing out and chasing highs.
After a transaction is completed, no matter whether the transaction is profitable or loss-making in the end, you should set a trading window for yourself. This window can effectively curb our impulsive decisions and give yourself time to review your previous order.
Imagine that when we make a profit, we may feel that today's fortune is quite good, and then we may have the idea of adding positions to chase the rise and sell the fall. When we lose money, we may be so excited that we will go all in to quickly recover our investment and directly increase the position ratio to 100%.
After taking profit, some people often immediately make a reverse order. In their minds, ending their long order means that the market will soon retreat and they can do the reverse operation. However, the core goal of our trading should be to obtain profits that are in line with our trading system, rather than trying to catch every market trend.
The market expects October CPI and core CPI to stabilize at 0.2% and 0.3%, and the annualized CPI is expected to rise by 2.6%.
The market is pricing in the last rate cut at the December meeting, with a probability of 70%, but today's CPI data, the upcoming PCE data on November 27, and Trump's possible policy changes may affect the Fed's final decision
Tonight's data is relatively important, beware of injections.
Project Research: Exploring Bounce and the New Financial Era of CeDeFi
Project introduction
In the rapidly evolving fields of blockchain and cryptocurrency, BounceBit is challenging traditional Bitcoin usage with its innovative CeDeFi (Centralized and Decentralized Finance Integration) model. In this new ecosystem, Bitcoin is no longer just a static store of value but has transformed into a dynamic financial tool capable of generating income.
: The future of financial integration
CeDeFi represents an emerging financial thinking that seeks to find a balance between the efficiency of centralization and the transparency of decentralization. BounceBit's CeDeFi model aims to overcome the limitations of both camps:
What happened to cause the sudden plunge? Let's take a look at the evening briefing!
Keywords: Beam Chain, Mt. Gox, Galaxy Digital 1. Kaiko acquires European cryptocurrency index provider Vinter;
2. EF researchers propose a reset of the Ethereum consensus layer with the Beam Chain proposal;
3. The total net inflow of the US Ethereum spot ETF reached $295 million yesterday, hitting a record high;
4. Mt. Gox address transfers 2500 BTC to an unmarked address, approximately $222 million;
5. Galaxy Digital deposits 1100 bitcoins into Coinbase Prime, valued at $97.95 million;
6. US Senator: As long as we have the support of the American people, we can gain bipartisan support to pass the Bitcoin bill within 100 days of governance.
No need to panic, bear markets often have sharp declines, and corrections are a good time to get on board. The overall direction remains consistent!
Attention all friends! @iotex_io and @iotex_cn have teamed up to launch an amazing program to earn IOTX - the DePIN Super Ecological Season Value Reward Event!
🌟 IoTeX has launched the DePIN Super Ecological Season Value Reward Event, and you definitely don't want to miss it!
📅 The event runs from October 30, 2024, to January 29, 2025, which gives you plenty of time to participate and earn rewards.
💰 The prize pool for this event is astonishingly high, reaching up to $10 million! Here, BB points can be easily earned, and there are plenty of IOTX rewards too!
💪 Let me tell you about the specific gameplay. One ultra-low-cost interaction method is to engage with DeFi protocols; just by participating in the top 10 interactions each day, you can earn BB points. There are a total of 7 protocols to choose from, and by following this method, you can easily earn 350 points each day, which will smoothly help you earn IOTX. Calculating this, you could easily earn about 630 IOTX in a month, which is virtually a zero-cost benefit!
🎯 There are even higher-yield methods available! You can participate by trading volume, holding LP positions, or staking IOTX; if you execute well, the annual yield could even exceed 100%!
✨ This event has many highlights, as it combines rewards from DePIN, DeFi, and IOTX. There are over 20 DePIN projects you can participate in, and those projects about to conduct TGE (Token Generation Event) will also be revealed, allowing you to get an early insight into many potential projects. The social tasks are not difficult; it's just like picking up free benefits, and you can easily complete them to receive rewards, including tokens that are about to TGE waiting for you to grab!
1. The total market value of cryptocurrencies has surpassed $2.9 trillion.
2. $SOL 's price increased by 31.4% over the past 7 days, ranking fourth in market value among cryptocurrencies.
3. $DOGE 's market value has surpassed USDC, becoming the sixth largest cryptocurrency by market value.
4. a16z crypto: Under the new cryptocurrency regulatory environment, tokens are expected to become "legitimate and compliant" tools.
5. Bank of Japan's October meeting opinion: After pausing interest rate hikes to assess the development of the U.S. economy, the Bank of Japan can consider further rate hikes.
6. Arthur Hayes: The market trend of BTC indicates that Trump will print money.
7. In the past 24 hours, the entire network saw liquidations of $696 million, with both long and short positions being liquidated.
8. Former SEC Chairman: The U.S. SEC should halt all cryptocurrency enforcement actions, and current Chairman Gensler should resign.
9. LookonChain data: MicroStrategy's average Bitcoin purchase price is $39,266, holding a total of 252,200 BTC.
10. Standard Chartered Bank analyst: It seems "inevitable" that SOL will reach a new high by the end of the year, and BTC will reach $125,000.
11. Stacks founder: The sBTC token upgrade may be launched as early as December.
12. CME "Fed Watch": The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 64.9%.
1. Today's Fear and Greed Index is 78, with the level shifting from Greed to Extreme Greed.
2. The Federal Reserve's balance sheet has fallen below $7 trillion, having contracted $1.5 trillion this year.
3. The exchange rate of $ETH /$BTC has surpassed 0.04, with a 24H increase of 4.61%.
4. Tether Treasury has minted an additional 1 billion USDT on Ethereum.
5. In the past 24 hours, liquidations across the network totaled $281 million, primarily from short positions.
6. The net supply of Ethereum has increased by approximately 10,129 coins over the past 7 days.
7. Foreign media: Biden may nominate Harris to serve as a U.S. Supreme Court Justice.
8. VanEck CEO: Bitcoin's market value may reach 50% of gold's market value.
9. With the Republican Party now controlling the Senate, the feasibility of Trump firing Gensler has increased.
10. Former Morgan Stanley Chief Equity Strategist: Bitcoin could reach $100,000 this year, which could offset the U.S. deficit if it becomes a Treasury reserve asset.
11. Base network's TVL has surpassed $3.5 billion, setting a new historical high.
12. Uniswap's front-end trading fees have exceeded $92 million.