The listing is scheduled to take place on Friday, 20th April, 9 am UTC, at which point registered users of BitMart will be able to buy, sell & trade MCADE tokens.
Metacade has seen strong momentum following numerous announcements and milestones. It sold out its huge $16.4m presale early, quickly followed by the 250m token 6-month staking pool selling out in under 5 hours. Furthermore, Metacade also announced a partnership with gaming company Metastudio, leading to a significant buzz amongst GameFi investors.
At the time of writing, the price of the Metacade (MCADE) token is $0.0173, with a diluted market cap of over $35m and an average daily trading volume of $500,000 since launch.
Russell Bennet, CEO of Metacade, commented:
“After listing on Uniswap, we saw sell orders being instantly filled on the buy side and minimal selling pressure, which in this climate is a sign that we have something truly special. This was reinforced by our staking pool selling out in 5 hours! With our upcoming exchange listings, I hope we will see the positive price appreciation that usually follows, and from there, the sky’s the limit!”
Following the listing on BitMart, Metacade has confirmed another top-tier exchange, MEXC, will be listing Metacade in early May. More exchanges are expected to be announced in the coming months.
Users can purchase Metacade tokens on Uniswap here.
About BitMart
Founded in 2018, BitMart is a centralised exchange that provides crypto asset trading and investment services to over 9 million users around the globe. The trading platform offers numerous features for its clients, including staking, lending, savings products, derivative contracts, and expanded spot trading options. For advanced crypto enthusiasts, BitMart provides futures trading and margin trading that allow them to use leverage.
About Metacade
Metacade is intended to be the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.
The project has the stamp of approval from CertiK, the leading blockchain auditor, which aims to reassure investors that the project specifications and code are reviewed, and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects, including Aave, Polygon and Chiliz.
Metacade’s one-stop shop potential as the next GameFi hub of choice for P2E gamers as well as a broad range of other use cases, is evidenced in the enthusiasm around the project and the success of the presale.
Swaap Labs, the company building Swaap, has successfully secured over $4.5 million in seed funding. Swaap builds the Next-Generation Market Making Protocol that leverages a combination of oracles and dynamic spread for sustainable yields and reduced trading costs. Its unique approach aims to offer liquidity providers (LPs) passive and profitable market-making strategies, addressing the critical issue of impermanent loss, prevalent in DeFi.
Launched in July 2022 on Polygon, Swaap v1 has already proven that profitable market-making on-chain is possible. Its WBTC / WETH / USDC pool, powered by Chainlink price feeds, has recorded less than 0.1% of impermanent loss.
Swaap v2 is set to revolutionize the DeFi landscape with its new enhancements and features, further improving v1. It employs the most advanced market-making models in DeFi, built by leveraging the AMM (automated market maker) simulator developed in collaboration with the Louis Bachelier Institute, a leading Math Research Institute.
Swaap v2 further boasts innovative architecture that delivers a significant improvement in data latency, elevating the platform’s overall performance. Additionally, this new architecture empowers users with access to a diverse range of tokens, including yield-bearing options, further expanding the platform’s capabilities and solidifying Swaap v2 as a frontrunner in the DeFi space.
The seed funding round was led by Signature Ventures with participation from high-profile investors including New Form Capital, C² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First (where Swaap’s co-founders met), and renowned business angels like Julien Bouteloup (Stake Capital), Pascal Gauthier (Ledger CEO), Richard Ma (Quantstamp CEO), Tegan Kline (The Graph), Meltem Demirors (Coinshares CSO), Frederic Montagnon (Arianee Co-Founder), and Thibaud Elzière (eFounders CEO).
Cyrille Pastour, the co-founder of Swaap Labs, said, “We are thrilled to have the support of our investors as we work to democratize DeFi and create a more efficient environment for Liquidity Providers. This funding will enable us to accelerate the development and release of Swaap v2, which promises to deliver even more value to LPs and traders in the DeFi ecosystem.”
“We are proud to work with the outstanding team at Swaap Labs and to be a part of their journey. We think Swaap’s Market Maker protocol is a true game-changer for decentralized finance,” said Dr. Georg (Juri) Stricker, Tech Partner at Signature Ventures. “Building upon the progressively more scalable public chain infrastructure as well as more transparent and robust oracle infrastructure, Swaap is setting new standards in DEX efficiencies for liquidity providers and traders. By offering more stable yields and sustainable returns, we believe Swaap is an essential building block in the evolution of DeFi towards a financial system.”
Swaap is inviting users to join the waitlist for its upcoming v2 release. To be among the first to access the new platform and enjoy exclusive benefits, visit swaap.finance/waitlist The waitlist is powered by Zealy (previously Crew3) ensuring a seamless and efficient onboarding experience.
About Swaap
Swaap is transforming the DeFi landscape with its cutting-edge market-making models, improved performance, and access to a wide variety of token options, including yield-bearing assets. Developed in collaboration with the Louis Bachelier Institute using the innovative AMM (automated market maker) simulator, Swaap delivers an enhanced experience for Liquidity Providers. Dive into a new era of on-chain liquidity provision and experience the future of DeFi with Swaap at swaap.finance.
April 18, 2023, Victoria, Seychelles—SOS! The farm needs your help – save Easter from the invaders! Protect the eggs and claim pretty prizes. If you are a big fan of playing slots on 1xBit, join the Easter Invaders’ Adventure by playing slots from any providers and climb the leaderboard to qualify for some amazing prizes.
How to Take Part in the Tournament
To get involved in the tournament, follow the steps below:
Fund your account with amount sufficient enough to place bets
Navigate to the offer page on the website and click on the “Take Part” icon
Play slots from any provider and get more points. The higher the points attained, the higher your level on the leaderboard.
For this tournament, 25 lucky players will be given an opportunity to share 600 mBTC + 165 FS prize pool. The highest attainable prize for a winner as far as this tournament is concerned is 120 mBTC + 60 FS. The tournament is expected to kick off on April 13, 2023 and run through till May 10, 2023. Start stacking your funds for this tournament as there are loads of mouthwatering prizes to be won!
1xBit’s Perks
In this section, let’s look at some of the perks of playing at 1xBit.
5000+ Slots for Every Taste
One of the mantras that 1xBit fiercely upholds is diversity. This further reflects in the range of offerings that are available on the website. As a slot player, you are most definitely going to be pleased by the broad selection of slots available on the website. As at the time of writing this review, there are over 5000 slots available on the site. Regardless of what your taste in slot is, you are better positioned to find something that will appeal to your fancy.
Tournaments with Generous Prize Pools
Another area 1xBit appears to shine through is the quality of bonus offerings that’s available. The platform has so far reinforced a culture that sees it churning endless tournaments monthly with huge prize pools, like the one already discussed in this article. With these attractive tournaments, you stand a better chance to boost your earning potential on the platform, thus making your playing experience on the site rewarding.
Crypto Only & 40+ Altcoins
As you may already know, 1xBit is one of the few betting websites that accepts only crypto as a means of making payments. The use of crypto as means of payment on the website ensures faster transaction processing, more security and almost zero charges on transactions. As at the time of writing this review, there are over 40 altcoins that are acceptable on the platform, not to mention the fact that more altcoins are constantly being added to the fold. This further gives you options when making payments.
300% Welcome Bonus for 1-4th Deposits
1xBit understands that the majority of new users look out for the quality of welcome bonus available on betting platforms before making up their minds. As a new user on 1xBit, you are treated to an attractive 300% welcome bonus on your 1-4th deposits. Boost your first deposit bonus up with promo code 125EGGX! The large welcome bonus offered by 1xBit stands it out from other betting platforms around, as it is rare to find on the majority of platforms available today.
Effortless Registration
One of the banes of playing at the traditional betting platforms is how long registration can take seeing as they demand you enter a lot of KYC details before you are allowed access. However, this is not the case with 1xBit as you are only expected to enter just your email and password. Registration as a result tends to be faster on this platform. What is even better is that this mode of registration allows you the privilege of being anonymous, since none of your personal details are required.
Conclusion
Login to 1xBit today and take advantage of this winning opportunity this Easter!
Lausanne, Switzerland, April 18th, 2023, Chainwire
In a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorg’s Series A fundraising, which closed last Friday, has produced astonishing results.
SwissBorg raised a total of 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200M Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the importance of engaging the public in the development of innovative companies.
With the SwissBorg app and ecosystem, the company is well-positioned to become the leader in the European crypto market. The platform offers users an accessible and user-friendly experience, enabling them to manage their crypto assets with ease and confidence.
SwissBorg is a forward-thinking company that is dedicated to advancing the Web3 ecosystem. Its platform provides users with easy access to cryptocurrency investments and decentralised finance (DeFi) opportunities, enabling them to benefit from the growth of this rapidly evolving industry.
SwissBorg’s unique positioning allows it to take on Web3 in a way that other companies can’t. With a community-centric approach, the company is able to leverage the expertise and enthusiasm of its users to drive innovation and growth. At the same time, its focus on transparency and security ensures that investors can feel confident in their investments, even in a highly volatile market.
Well-positioned to become a leader in the Web3 space, SwissBorg’s successful Series A fundraising is just the beginning of what promises to be an exciting journey. With its commitment to innovation, transparency, and community, SwissBorg is poised to significantly impact the future of finance.
The Lausanne-based company expresses its heartfelt gratitude to the community for their unwavering support and trust throughout the Series A fundraising. Their belief in SwissBorg’s vision has enabled the company to surpass expectations, break records, and set new benchmarks for future fundraisers as investors in SwissBorg, the community’s confidence in the company has solidified its potential for growth and industry leadership.
SwissBorg’s leadership highlights the importance of community support, reinterpreting the classic saying, “Fortune favours those with many friends.” Bolstered by their devoted community, SwissBorg is well-positioned for a promising future.
About SwissBorg
SwissBorg is headquartered in Switzerland, holds a Virtual Asset Service Provider licence regulated by the FIU in Estonia, and is registered as a PSAN with France’s AMF. The SwissBorg app allows over 700k verified users to manage their wealth, with an exchange aggregator to provide users with the best exchange prices and liquidity, the ability to invest in themed crypto bundles, and opportunities for users to access a yield on their crypto assets.
The initial exchange offering (IEO) for the token that powers the Green Universe Coin (GUC) platform and ecosystem development will begin on the ProBit Global exchange on April 24.
Built on the Binance Smart Chain with plans to be a multichain dApp supporting Ethereum, Polkadot, Polygon, and Solana in the future, the GUC portal will connect socially-responsible individuals, brands, and corporations seeking to reduce their carbon footprint.
Climate change continues to be an issue as global carbon dioxide emissions are constantly increasing each year. Emissions have to fall by 25% before 2030 in order to keep temperature increase within the 2°C range by 2100, according to the United Nations Environment Program. The FiveWin group, through its solar and other green initiatives, developed the GUC platform and token to help individuals and businesses offset their carbon footprint easily and securely.
The platform aims to raise awareness of environmental protection issues and emission reduction goals, while the GUC token will be used mainly to buy carbon credits (a minimum of 1 which equals 1 tonne of CO2) according to the current market price. The tokenized carbon credits will be received as trackable NFTs that can either be listed or traded on a marketplace like OpenSea, burnt to reduce the carbon footprint (in exchange for unique collectible NFTs from designated artists), or staked to get GUC tokens.
The GUC portal will list certified projects to help the green cause and provide individuals and corporations with investment opportunities. With investment accepted in both fiat and crypto forms, the projects will attract investment to the GUC token. It could also be used to pay for and reward residents who install the platform’s renewable energy system to achieve a low-carbon life goal.
The deflationary GUC token has a fixed supply such that when demand increases, it theoretically leads to a constant appreciation of its value. One of the measures in place to regulate the token price includes using smart contracts to prevent the sale of more than 0.1% of the total supply of GUC tokens within a 48-hour window.
ABOUT GUC
GUC is the underlying token of the GUC platform which aspires to bring value to its green community including investors and token stakers. It will be traded and priced as determined by market forces on various exchanges.
ABOUT PROBIT GLOBAL
Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.
With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.
DISCLAIMER: The information provided on this page is for informational purposes only and does not constitute financial advice. ProBit Global is not responsible for any losses or damages arising from the use of this website or any of the information contained herein.
In November of 2022, the world of blockchain was struck by yet another major scandal. This time, the culprit was the world’s third-largest centralized exchange, FTX. It came to light that the CEO of FTX, Sam Bankman-Fried, had illegally transferred over $10 billion USD of user funds from FTX to his sister company, Alameda Research.
The scandal evoked an extreme reaction across the community, with users attempting to withdraw their funds and being unable to do so. After the full extent of the fraud was exposed, FTX imploded, with its trillion-dollar valuation rapidly declining. FTX is now non-operational, with their site being replaced by details of their bankruptcy deal.
Beyond spooking the cryptocurrency community and driving prices across the market down, this event caused a ripple across centralized exchanges. People were suddenly extremely worried about where their funds were, and if the centralized exchange they traded with was properly managing them.
In the months since these events, centralized exchanges like Binance, Coinbase, and StormGain have responded to the FTX implosion in a number of ways. Primarily, through the release of proof of reserve documents. Yet, this isn’t enough. In this article, we’ll dive into the reactions of these three exchanges, demonstrating that StormGain is rapidly winning community favor over Coinbase and Binance.
The Rise of Proof of Reserves
In the days following the misuse of user funds by FTX, major centralized exchanges scrambled to set themselves apart from the ex-third largest CEX. The first reaction, initially seen within Binance, was to release a Proof of Reserve document.
Within a PoR document, businesses are able to list and verify the digital assets that they have on hand. For investors and users that have money stored within a platform, this is a movement toward transparency, showing everyone that their money is exactly where they think it is.
Every PoR document is audited and verified by an independent party, often by another centralized third party. Binance first released this document to demonstrate that their user funds were still on the platform. If FTX had been asked to produce one of these a few months ago, it would have quickly come to light that their money wasn’t where they said it was.
After this first release, other major centralized exchanges quickly hopped on the trend. Coinbase even published a document that explained to their community what a PoR is, as well as how it works.
When a centralized exchange publishes a PoR, they’re showing the world that they have available user funds. This means that if a user wanted to withdraw their own funds, they would be able to. This is, of course, directly reacting to FTX freezing user accounts and preventing them from liquidating their money.
The trend of exchanges freezing user accounts is, unfortunately, a lot more common in centralized exchanges than we’d like to believe. Apart from the FTX scandal, centralized exchanges have also been known to freeze user accounts based on geographic legislation and politics. For those that seek cryptocurrency as a form of truly decentralized finance, this is an alarming sentiment.
Going Beyond Documentation
Binance, Coinbase, and a whole multitude of other centralized exchanges have released their proof of reserve documents. While this has appeased some members of the blockchain community, others aren’t quite so convinced. As the CEO of OSL, Wayne Trench, points out, these documents lack “audited fiat reserves, client and company liabilities, companies loans, and much of the other required information necessary to ascertain a firm’s financial health.”
Many people in the community aren’t fully trusting of the proof of reserves that these companies have published. In fact, this event has served to further call into question why sites like Binance and Coinbase haven’t shared proof of their outstanding debts or current liabilities. For companies that are all about transparency and trust, this is an alarming situation for many investors.
While a proof of reserve document does provide some relief, there is still a fundamental problem with centralized exchanges. By definition, cryptocurrency is a decentralized financial medium. Yet, by trading through centralized companies, the true ownership of cryptocurrency is taken away from the customer.
After what happened with FTX, many aren’t happy with having their cryptocurrency held on a centralized platform. This reaction has caused some more progressive exchanges, like StormGain, to take action.
Following the events of FTX, StormGain – known for their commitment to their community – rapidly constructed and launched a decentralized exchange. This platform leveraged the community backing and support of their centralized exchange but provided a space where users have even more control over their finances.
This was met with a huge positive reaction from the community, demonstrating that the world of blockchain appreciates the additional options. By giving their community a choice over how they hold and use their cryptocurrency, StormGain made the executive decision to favor the true principles of the decentralized world.
If other centralized exchanges want to see the level of community support, trust, and customer power that StormGain has become known for, then following in their footsteps and providing flexible ways of investing would be the way to go.
Final Thoughts
While the FTX scandal was a tumultuous time in the world of blockchain, its aftereffects are seemingly creating a more secure place for all. At the very least, centralized exchanges are now starting to release additional documentation that proves where they’re keeping user funds. On the other hand, we’ve seen StormGain set an exciting and impressive precedent, innovating their CEX model in favor of a new decentralized exchange. If the community reaction is anything to go off, StormGain is likely to have an innovative year on their horizons.
Astar Network, a smart contracts platform for multichain, is delighted to announce that its Founder and CEO Sota Watanabe will be presenting at the prestigious Consensus 2023 event in Austin, Texas. He will be taking the stage on Thursday, April 27 at 11:00 – 11:30 CT.
Sota Watanabe will be discussing why Japan is embracing crypto while regulators in other leading economies are struggling to figure out how to deal with crypto and Web3. He is a leading authority on the subject, having worked closely with the Japanese government in shaping the nation’s Web3 strategy.
As lawmakers and regulators from the US to Europe to Asia express increased wariness of crypto, Web3 promotion remains part of Japan’s national strategy. An early mover in the field, Japan learned hard lessons from the 2014 Mt Gox collapse and the record 2018 Coincheck hack and its approach to regulation has mitigated the impact of FTX’s collapse on Japanese users.
“I’m excited to join this group representing Japan’s crypto community to share insights with the Consensus community. Being a founder of the first public blockchain in Japan has led me to become involved in planning a national strategy to use digital assets and develop Web3 solutions. I want to bring those lessons to the US and other countries,” said Sota Watanabe, Founder of Astar Network.
Today, the Japanese government has made Web3 a part of its national strategy and Astar Network CEO Sota Watanabe is helping the government as well as the key business players on a path forward in Web3. Japan’s leading corporations including Toyota Motor Corporation and Sony Network Communications have teamed up with Astar Network to explore the opportunities in Web3.
Consensus 2023, the coveted Web3 event from CoinDesk, is all set to kick off from April 26 to April 28. It is the world’s largest and most influential gathering that brings together all sides of the cryptocurrency, blockchain and Web3 community, including the developers, investors, founders, brands, policymakers and more. In its 2022 edition, the event saw over 20,000 attendees from 112 countries alongside over 500 thought leaders and speakers.
Astar Network is the leading Layer-1 in Japan, having been voted the most popular blockchain in the country by the Japanese Blockchain Association. It is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. Astar is also the first public blockchain from the country to be listed there despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.
About Astar Network
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.
One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.
For media queries, please contact: Maarten Henskens, press@astar.network
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched “Make Your Play”, an immersive metaverse experience in which fans can attend an exclusive tactical football masterclass from Manchester City captain İlkay Gündoğan.
“Make Your Play” sees Gündoğan step into the OKX Collective metaverse to guide fans through pre-planned drills and explain his in-game decision-making processes. Appointed Manchester City captain for the 2022/23 season, İlkay Gündoğan is known for his tactical football mind and love of coaching.
The OKX Collective is a unique virtual metaverse environment that allows fans to participate in Web3 first-hand and gain access to special content from Manchester City players Alex Greenwood, İlkay Gündoğan, Jack Grealish and Rúben Dias.
İlkay Gündoğan said: “The beauty of our game is in the tactics. As someone who loves coaching and highlighting the tactical skills that are needed to win, it is hugely exciting to be able to share what I know in an arena like the OKX metaverse.”
Haider Rafique, Global Chief Marketing Officer at OKX, said: “Hot on the heels of Rúben Días taking to the metaverse to show us how he maintains top performance for matchday, we are very excited to get insights into İlkay’s tactical approach in the same forum. İlkay is an incredible football mind, and this chance to benefit from his expert knowledge in an interactive virtual environment provides a glimpse into how Web3 stands to overhaul the ways we connect and interact in the future.”
Fans who visit the OKX Collective will be treated to special experiences designed around each footballer’s playing style and personal interests. In addition to exclusive training content, these will include music and NFT-based digital experiences. Within the metaverse, fans can also enter competitions to win prizes, including passes to team trainings, match tickets and much more.
To enter the OKX Collective metaverse, fans simply need to click this link okx-metaverse.com and create their personalised avatar.
OKX is the second biggest global crypto exchange by trading volume and a leading web3 technology company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).
Key findings include:
83% of those surveyed expect that more ETH will be staked in the next three months
63% of respondents predict that ETH will hit a new record high of over USD5,000 by the end of 2023
79% of those surveyed expect ETH’s price to react differently to Shapella than the Merge*:
59% think it will keep increasing before and after the upgrade
20% believe ETH will move sideways
33% of respondents think ETH will be over its current six-month high of USD2,000 in June 2023, but still below its 12-month high of USD3,000
34% of those surveyed predict ETH at below $2,000, while 33% believe it will be at least $3,100 by June 2023
17.9 million ETH was staked as of April 5, 2023. This was equivalent to over USD34 billion. The APR investors earn on staked ETH is currently 4.65%, a figure that decreases as the pool of staked ETH increases.
OKX will begin processing withdrawal requests for staked ether within one week of Shapella going live, following the company’s completion of on-chain code audits to ensure customer safety.
The survey was conducted by OKX from March 1-5, 2023 with 700 ETH traders, investors, and network developers at the ETH Denver conference.
OKX is the second biggest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
