Blog

30 Interesting Facts About Bitcoin and Crypto
The rate of adoption of Bitcoin and other cryptocurrencies has seen a dramatic shift in pace in the past couple of years. With the inclusion of blockchain technology in nearly every industry, the trend seems poised to continue in the coming years.

In light of the meteoric rise of digital assets in recent years, let’s take a look at some Bitcoin and cryptocurrency trivia. We guarantee that some of the info included in the sections below will leave you speechless.

General Bitcoin and crypto statistics

Here are 15 general facts and statistics about Bitcoin and the broader blockchain sector:
1. The price of Bitcoin reached an all-time high in 2021, with the value exceeding $68,000 in November 2021.
2. Bitcoin price has increased by more than 540,000% in the last 10 years.
3. More than 300 million people around the world own or have used BTC or some other cryptocurrency at least once.
4. The Asian continent accounts for more than 50% of the world’s usage, with 160 million cryptocurrency users.
5. The Oceania continent has about 1 million cryptocurrency users.
6. The average daily trading volume on cryptocurrency exchanges is more than $100 billion.
7. 65% of cryptocurrency investors own Bitcoin.
8. Bitcoin and Ethereum make up 58% of the total market value.
9. With the memecoin rush that started in 2021, there are currently more than 20,000 different cryptocurrencies in existence.
10. A post about Bitcoin is posted on social media pages in every 3 seconds.
11. 6% of American citizens own Bitcoin.
12. India is the world’s #1 in cryptocurrency use, with over 100 million users.
13. There are now more than 39,000 cryptocurrency ATMs installed across 77 countries.
14. 58% of cryptocurrency owners are under the age of 34.
15. 36% of Bitcoin investors have an annual income of more than $100,000.
Energy and environmental stats of Bitcoin and crypto

Here are 15 energy and environment-related facts and statistics about Bitcoin and the broader blockchain sector:
1. 38% of Bitcoin mining activities are carried out in the United States.
2. As a byproduct of Bitcoin mining, nearly 38 kilotons of electronic waste are generated each year.
3. Between 0.9% and 1.7% of the daily energy consumption of the United States is related to cryptocurrency activities.
4. Global electricity consumed by crypto assets is about 0.3% of global annual greenhouse gas emissions.
5. Annual electricity generation for crypto assets results in a total of 140 million metric tons of carbon dioxide.
6. The Bitcoin network creates approximately 73 million tons of CO2 per year.
7. Crypto asset activity in the United States is estimated to emit 25 to 50 Mt CO2/y, or 0.4% to 0.8% of total U.S. emissions.
8. The Ethereum (ETH) network is estimated to had consumed 62.77 Terawatt-hours of energy per year, before the transition to Proof-of-Stake (PoS).
9. The average Ethereum transaction consumed 163 kilowatt-hours of power ahead of the Merge.
10. The Bitcoin network is estimated to generate 11.5 kilotons of e-waste each year.
11. About 22% of Bitcoin miners’ income goes toward electricity expenses.
12. 40% of the energy used in Bitcoin mining is recyclable energy.
13. The energy used in Bitcoin mining surpasses the electricity consumption of countries such as Austria and Portugal.
14. The energy used in Bitcoin mining is equivalent to the energy used by 10 million homes each year.
15. Emissions from Bitcoin and crypto assets could push global warming above the +2°C target in the next 15 years, according to predictions from Mora et al.
Interesting stories about Bitcoin and crypto

The Million-Dollar Disk in the Wasteyard

When Bitcoin was first introduced in 2009, James Howells from Newport mined 8,000 BTC. He kept his Bitcoins on an external disk in his drawer for a while before forgetting about it and discarding it. When Howells realized his mistake in 2013, he went after the $7.5 million fortune in the garbage.

Howell requested a search and excavation permit from the local government council but did not receive a positive response. Even though he suggested one-fourth of the lost Bitcoins for excavation, he still did not receive any permission. Howell’s struggle continues as he seeks permission to excavate in the area where there are approximately 110,000 tons of waste. The current market value of a momentary forgetfulness is more than $156 million.

The Million Dollar Pizzas

May 22, 2010, is known as Bitcoin pizza day in the crypto community. The origin of this event is based on the story that a computer programmer named Laszlo Hanyecz paid 10,000 Bitcoin for 2 large pizzas. Stating that he wanted to pay 10,000 Bitcoin for 2 pizzas on the Bitcointalk forum, Hanyecz agreed with another user from the forum and paid it.

Hanyecz’s pizzas have become increasingly expensive since the inception of Bitcoin. After ten months, Bitcoin had reached parity with the US dollar, and the value of these pizzas had risen to $10,000. Five years later, in 2015, the value of two pizzas reached 2.4 million dollars. Given that the BTC price is currently around 19.200 dollars, two pizzas are easily worth 192 million dollars.

Final thoughts

The cryptocurrency sector is a fascinating place. Hopefully, the statistics and interesting stories presented in this article helped paint a comprehensive picture of the nascent sector, which includes impressive technological breakthroughs on one end and downright unbelievable tidbits of information on the other.
October 27, 2022
Binance Crypto Loans – Increase Your Market Exposure With Competitive Rates

In recent years, cryptocurrency loans have become a popular method of magnifying exposure to crypto markets. The ease of use, a broad selection of supported loanable and borrowable digital assets, and competitive borrowing rates are just some of the hallmarks of Binance’s loan offering.

While I cannot claim I am a very frequent user of crypto loans, I have, on several occasions, taken out crypto loans, which allowed me to pursue investment opportunities that would otherwise be out of my reach.

Read along and find out what Binance crypto loans are all about and how they can be used to your advantage.

Borrow Crypto on Binance Loans

What is Binance Loans?

Binance Crypto Loans is a financial service that enables digital asset investors to obtain additional crypto capital by staking their existing crypto assets as collateral. Binance supports a selection of over 60 borrowable cryptos and more than 20 types of coins that can be used as collateral.

Binance provides crypto loans with collateral, which means that for any loan taken out, a user must provide a certain amount of their spot crypto, a type of security deposit, if you will.

While crypto loans without collateral – commonly referred to as crypto flash loans – do exist, I suggest you steer away from such offerings as they typically charge exuberant fees, or aim to defraud their customers in other ways. For more information about the importance of crypto collateral, check our previous article on the topic.

Why you should give Binance Loans a try?

If you are deciding between different platforms and are unsure which one to choose, a strong case can be made that Binance offers the best crypto loan solution in the market. Take a look at the main benefits of Binance Loans listed below and see for yourself.

Competitive interest rates

Crypto lending services have become very popular recently, with both centralized and decentralized finance solutions popping into existence left and right. However, there are few that come close to the low fees offered by Binance.

For example, borrowing $1,000 worth of Bitcoin (BTC) with BUSD costs roughly 0.00624% per day, which is about 2.27% in yearly interest. It is worth noting that, as a rule of thumb, longer loan terms result in higher interest rates. Case in point, Binance charges roughly a 3.60% yearly interest rate when borrowing Bitcoin using a 180-day loan term.

Stake collateral to reduce interest rates

The second benefit of Binance Loans goes hand in hand with the first one on our list. Loans Staking is a unique feature used by Binance that allows users to offset costs associated with borrowed funds. Supplied crypto collateral is used to support the operation of underlying blockchain networks – for example, BNB supplied as collateral, is used to secure the Proof-of-Stake (PoS) blockchain and generate rewards. Said staking rewards are then used to cover some of the interest rate costs.

The same goes for any other collateral asset that supports this feature, not just BNB. You can filter specifically for coins and tokens that support it by navigating to the “Staking” tab when searching for collateral assets.

Binance explains the feature in the following way:

“The collateral assets you use for borrowing will be deposited in a specific crypto wallet to support the operation of the blockchain network, and you will receive corresponding rewards to reduce interest rates.”

Using Loans Staking can result in up to a 100% fee reduction on certain borrowing/collateral pairings.

Flexibility and streamlined repayment management

Another advantage of taking out a Binance crypto loan is the ability to borrow crypto with different terms, ranging from 7 to 180 days. That’s not all, however, as Binance allows users to repay their debt before the loan term expires. This can be very beneficial when the market turns, and users want to offload their debt at opportune times. On top of that, early repayments incur no additional costs.

Transparency

Cryptocurrency loan data is available in real-time through the Loan Data dashboard. The in-depth chart showcases all loanable assets and their respective interest rates organized by different loan terms. In addition, you can quickly see Initial LTV, Margin Call, Liquidation LTV, and Collateral Limit data for each of the supported collateral assets, along with the borrow limit of all supported cryptos.

VIP Tier Rates

Long-term users of the Binance platform will be happy to find out that the platform-wide VIP program comes into play when using crypto loans as well. The difference between interest rates paid by regular and VIP users can be quite stark – for example, regular users must pay 0.0099% daily interest when borrowing Bitcoin via the 180-day loan contract. Meanwhile, the highest-tiered VIP users pay just 0.0054% for the same product, which is more than a 45% difference in favor of loyal customers.

How have I used Binance Loans to pursue lucrative opportunities?

From this writer’s perspective, Binance Loans shines as a tool to enlarge one’s crypto exposure without requiring one to sell or swap digital assets.

In the past, I’ve repeatedly taken advantage of this opportunity to invest in initial exchange offerings (IEOs) on the Binance Launchpad platform. Similarly, I’ve also participated in Launchpool programs with tokens I’d borrow via cryptocurrency loans.

Without crypto loans, I’d be forced to sell my existing spot holdings to participate in the above-mentioned programs. Since I am very reluctant to part ways with my Bitcoin, I would have most probably steered away from any opportunities that would have required me to do that.

However, with crypto loans, I was able to borrow BNB and BUSD (or any project-specific coin, depending on the IEO/Launchpool campaign) against my BTC.

Since the cost of interest rates was far lower than the returns accrued by farming new tokens, I ended up pocketing nice returns. What’s more, these investments were virtually risk-free.

Earlier this year, I used this approach to participate in Launhcpool and Launchpad programs of successful crypto projects such as Project Galaxy, STEPN, and League of Kingdoms, to name a few.

The same approach can be applied to other passive-income-generating products from Binance’s Simple Earn suite. For example, you could borrow BUSD to earn 8% interest on deposits of up to $1,000 and use the proceeds to offset the costs of the loan.

Obviously, you could also pursue trading in a more direct way with borrowed funds – remember, borrowed crypto can be used whichever way you want. The only requirement is that the funds are paid back upon the expiration date.

How to get a crypto loan on Binance?

To take out a cryštp loan on Binance, you must first register an account and then navigate to the crypto loans section. You can do so by clicking on the button below.

Borrow Crypto on Binance Loans

After that, you must pick the cryptocurrency you would like to borrow, decide on the collateral type and loan duration, and enter the borrowing amount.

At this point, it is worth noting that, as a general rule, Binance Loans have an initial LTV of 65%. Binance explains LTV as the “value of your loan to the value of your collateral.” In practice, this means that users are able to borrow at most 65% of the value of their collateral.

After clicking on the “Start Borrowing Now” button, you will be greeted with an order confirmation window populated with all relevant information pertaining to the loan. Click “Confirm” to borrow crypto.

The balance between the collateral’s value and the value of borrowed funds – known as initial LTV – must be maintained at all times. Once the ratio increases to 75%, a margin call is issued automatically, prompting the borrower to top up the collateral asset.

If the collateral is not topped up, liquidation will trigger once the LTV reaches 83%, at which point the system will automatically sell the collateral to repay the loan.

Wrapping up

Binance Loans is a platform that is particularly beneficial to investors who require additional short-term liquidity for various investments, ranging from trading to passive-income products. The ability to set aside a certain amount of spot balance to gain access to extra funds is an enticing proposition for experienced traders and crypto newbies alike. Using Binance Loans is a great way to increase the utility of your existing spot crypto holdings by using them to secure instantly accessible funds at low rates with no paperwork required.

October 27, 2022
Gluwa Blockchain Partners With Lagos State Government to Digitize Agricultural Assets

San Francisco, California, 27th October, 2022, Chainwire

Blockchain infrastructure platform Gluwa is partnering with the Lagos State government to transform the agricultural sector. The move will enable the digitization of agricultural assets, making it easier for farmers in the region to obtain finance.

The project will involve the Lagos State Ministries of Agriculture, Finance, Science and Technology as well as the Lands Bureau. These entities will support the integration of physical farmlands into non-fungible tokens in a bid to provide access to digital asset-backed loans for all Lagos state farmers.

Gluwa CEO Tae Oh said: “Agriculture is one of the backbones of the Nigerian economy, with 35% of the population in its employ. It must be modernized for the government and the private sector to realize its full potential and attendant benefits.”

“According to the five-year Lagos State Agricultural and Food Systems roadmap, where the sector is projected to generate upwards of $10B by 2025, it will be of immense value for agricultural assets to be identified, recorded, and traded using innovative blockchain technology.”

Speaking at the launch, the Lagos Commissioner for Agriculture, Abisola Olusanya, noted that the administration of Governor Babajide Sanwo-Olu aims to make Lagos State fully self-sufficient in the areas of wealth generation, value creation, food security and industrialization of the agricultural sector.

Olusanya said its strategies for sustainable agricultural development focus on three pillars of growing the upstream sector. This will be achieved through leveraging technologies that can lower the cost of production of value chains, “focus on growing the midstream and downstream sectors that are of value, and improve on private sector participation by developing and initiating policies that will encourage more private investments in agriculture.”

About Gluwa

Gluwa is an open finance platform, connects capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.

Contact

VP of Business
Aston Lee
Gluwa
support@gluwa.com

October 27, 2022
Kava Launches Liquid Staking With Successful Mainnet Upgrade

San Francisco, United States, 26th October, 2022, Chainwire

The Kava Network, an open-source, EVM and Cosmos IBC compatible, Layer-1 blockchain ecosystem, successfully implemented its Kava 11 mainnet upgrade on October 26th.

Kava, a Layer-1 blockchain network connecting EVM and Cosmos through its Co-Chain architecture, successfully launched its Kava 11 mainnet upgrade on October 26th at 15:00 UTC. The upgrade enables many new features, especially Kava Network’s new state-of-the-art liquid staking (Kava Liquid) feature, the first-ever fully convertible liquid staking protocol.

The Kava 11 upgrade is the beginning of a new chapter for Kava. Liquid staking on Kava lays the foundation for unlocking all staked KAVA for use in DeFi protocols on the Kava Network. Kava 11 will transition a significant portion of staking rewards over to bKAVA rewards. Converting staked KAVA to bKAVA and supplying the asset to the brand-new Earn (a yield optimizer integrated with Multichain’s ERC-20 bridge) and Boost modules will significantly increase a staking APY. One of the main benefits is that, besides benefitting some of the highest APYs in the market today, stakers will maintain their voting power in the network — a monumental step for DeFi protocols towards real decentralization.

In addition, Kava 11 enables interacting with the Kava App and signing Cosmos SDK transactions directly through MetaMask, greatly simplifying previous processes.

“The goal of Liquid bKAVA is to unlock the power of staked KAVA for all DeFi protocols onboarding rapidly to the Kava network. Unlike other forms of liquid staking, which can only support a small fraction of liquid staked asset conversion, Kava Liquid can handle 100% conversion of staked KAVA to bKAVA and back again while preserving decentralization of voting power. That is an invention unique to the Kava Network and aligns with our goal to grow DeFi protocols on Kava.”
— Scott Stuart, CEO of Kava Labs

One of the most high-impact events linked to the Kava 11 launch is the creation of the Kava Foundation, an entity in which KAVA token delegators will control about $200M in assets to safeguard network growth for the future. The Kava Foundation will enhance network security, aid network infrastructure development, and create new avenues of growth and innovation via Community Owned Liquidity.

Since 2021, more than 40 protocols have been deployed to Kava to join the network’s unique on-chain programmatic builder incentives program Kava Rise. Notable deployments include tier-1 DeFi protocols such as Curve Finance and Sushi, who have decided to join the initiative led by Kava Rise to launch DeFi towards mass adoption. The Kava 3pool on Curve reached $14 million in TVL on the first day of the pool’s KAVA token rewards going live. Sushi’s deployment included integration with Sushi’s most-used dApps – Trident, Furo, BentoBox, and Onsen.

To learn more about the Kava 11 upgrade and its significance for the Kava Network visit here.

About Kava

Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.

Contact

Media Manager
Guillermo Carandini
Kava Labs
guillermo.carandini@kava.io

October 26, 2022
Carbon Offsetting for Blockchains & Beyond: Regen Network Launches Carbon Marketplace

California, United States, 26th October, 2022, Chainwire

Regen Network Development released its marketplace application for tokenized carbon and ecological assets, Regen Marketplace. Regen Network allows carbon project developers to originate high-quality nature-based carbon credits to markets, catalyzing regenerative finance solutions to the climate crisis. Regen Marketplace takes advantage of Regen Ledger, the application-specific blockchain which brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.

Regen Marketplace is a blockchain platform for the origination, governance, and exchange of tokenized ecological assets. Climate impact projects can define, manage, mint, and sell tokenized carbon and other ecological assets in the blockchain-based registry system.

Using Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, retire, and bundle tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gasses from the atmosphere. Blockchain dApps are encouraged to export tokenized carbon for DeFi or consumer climate impact apps.

In addition to the Marketplace launch, Regen Network will be introducing the Nature Carbon Ton to the Interchain Economy. NCT will be the first IBC-compatible carbon token for the Interchain economy by the soon-to-be launched Regen Ledger to Polygon bridge, co-implemented by Regen Network Development and Toucan Protocol. This allows for the activation of the Cosmos ZERO campaign, a climate impact initiative for Cosmos-ecosystem blockchains to become carbon neutral. In this campaign, Cosmos-based protocols work to identify their carbon footprints, utilize protocol governance to make a carbon neutral commitment, purchase Nature Carbon Ton from the $NCT:$REGEN pool launching on the Osmosis decentralized exchange, and redeem NCTs for ecocredits, retiring them on Regen Ledger for carbon offsetting claims.

Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze, and Cheqd, retiring over 10,000 tons of carbon. In doing so, participants are able to submit a personalized message about their climate impact as tokenized carbon is retired, to be memorialized on the blockchain.

The CosmosZERO campaign aims to catalyze protocol and validator carbon offsetting within the Cosmos-based ecosystem to achieve the goal of net zero carbon emissions on the blockchain.

Gregory Landua, CEO of Regen Network Development, said, “The launch of the Regen Marketplace is a historical milestone in the global effort to address the climate crisis. Bringing more nature-based credits to a market hungry for a supply of high-quality carbon credits will help scale the global effort to reverse climate change. The underlying characteristics of this disruptive new marketplace are critical – radical transparency, community governance, and an open-source tech stack designed to rapidly expand and decentralize the global movement to reverse climate change. Regen Network is a neutral, sovereign appchain to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets.”

Regen Network’s strategic launch partnership with City Forest Credits Registry (CFC) aims to kick-start a market for urban forest carbon credits by tokenizing and listing the 2021 City Forest Credits portfolio in Regen Marketplace.

CFC is the US national standard for carbon emission reductions through urban forest preservation and carbon removal through urban tree canopy reforestation. The urban forestry projects featured in the marketplace launch have direct impacts on 20 million Americans in urban communities, represent all the verified city forest carbon across the United States, is the largest urban forest carbon placement in history, and the first blockchain-based urban forestry portfolio.

As Regen Network onboards more partners to participate in the growing ecosystem of climate impact champions, like Moss.Earth, Open Earth Foundation, Earthbanc, ERA Brazil, Shamba Protocol, and Terra Genesis International, the protocol hopes to gain mainstream participation in the end-to-end lifecycle of seamlessly designing, tokenizing, and purchasing carbon credits to retire them for climate change impacts. Over 20 partners are currently designing new ecological assets within Regen Marketplace, giving consumers access to a climate-positive economic system. In 2020, Regen Network sold and retired over 120,000 CarbonPlus Grasslands credits to Microsoft for its Moonshot goal on the Regen Network blockchain.

For more information visit www.regen.network

Gregory Landua, CEO of Regen is available for interview

About Regen Network

Regen Network is an application-specific blockchain designed to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets. Regen Network’s blockchain infrastructure originates high-quality nature-based tokenized carbon to markets, catalyzing regenerative finance solutions to the climate crisis.

About Regen Network Development, Inc.

Regen Network Development, Inc. is a blockchain software development company focused on building applications for ecological regeneration on the Regen Network blockchain. RND, Inc has been a maintainer of the CosmosSDK software stack since 2019.

RND Inc. is responsible for the largest Australian-based carbon credit purchase, the largest US-based urban forest carbon purchase, and the largest soil carbon credit purchase in history. RND Inc. sold the first issuance of CarbonPlus Grasslands credits to Microsoft for its Moonshot goal.

Learn more at https://regen.network, Press Kit, and follow us on Twitter.

Press Contact: David Fortson, david@loalabs.io

About City Forest Credits Registry

City Forest Credits is a 501(c)(3) nonprofit carbon registry that manages carbon and impact standards for metropolitan areas in the United States.

Contact

Director of Marketing
David Fortson
Regen Network Development
david@regen.network
805-450-2357

October 26, 2022
Leading Crypto Exchange Bybit Extends Zero-Fees Campaign Until The End of 2022
Key highlights:
- Bybit is a leading cryptocurrency exchange with a daily trading volume of hundreds of millions of dollars
- Bybit, which has been running a zero-fees campaign on 289 spot trading pairs since September, has decided to extend this campaign until the end of the year
- One of the fastest-growing trading platforms, Bybit is consistently among the top 10 performing exchanges in terms of trading volume
Bybit is the third most visited cryptocurrency exchange in the world with continued success. The Bybit exchange, which owes its recent success to a constantly evolving product and services lineup, customer service, and innovative programs, has decided to extend its “zero-fees” campaign until the end of 2022. Offering one of the widest product portfolios in the crypto market, Bybit continues to push the limits with this campaign.

Launched in September, Bybit’s fees campaign is designed for crypto enthusiasts who want to make strong investments, start their crypto journey, learn about the market, and celebrate financial freedom. The campaign, which was originally designed to last for one month, will continue until the end of 2022, in response to the great feedback received from users.

Create Bybit Account

While many other exchanges also offer zero-fee campaigns, this is usually limited to certain trading pairs and trading limits. The campaign covers more than 160 countries and 289 spot pairs – ranging from Bybit’s Bitcoin fees to a myriad of their digital assets. This is the largest zero-fee campaign the industry has ever witnessed and has set the trend for other exchanges as well.

Bybit’s expansion is accelerating rapidly

Different promotional campaigns and initiatives offered by Bybit enable the exchange to grow, expand and gain momentum. Celebrating its fourth anniversary, the company’s spot exchange, launched in July 2021, is among the top 10 or better-performing exchanges on CoinCodex.

Focusing on the future and maintaining its momentum, Bybit is the first choice of investors in both bull and bear markets, offering users one of the most comprehensive product portfolios and a constant stream of innovation. Zero fee is a great example of these innovations. Designed with security, liquidity and usability, the campaign is available for all spot trading pairs rather than just a few trading pairs. All users of the platform can fully experience financial freedom by taking advantage of this campaign in all crypto trades.

Bill Xing, Bybit’s head of financial products, said:

“Bybit is on a mission to democratize access to financial services and open up the opportunities of Web 3 to everyone. We remain committed to driving the future of crypto, continuing to improve, and offering the most wide-ranging innovative portfolio in the market – and there is a lot more to come.”

More about Bybit

While Bybit was launched as a niche derivatives exchange for professional traders in March 2018, the company also launched a spot cryptocurrency exchange in July 2021, which has quickly become a hotspot of trading activity thanks to competitive Bybit spot fees. With a daily trading volume of hundreds of millions of dollars now, the exchange has become everyone’s one-stop-shop for all things crypto.
October 26, 2022
Flare Network-based BlazeSwap to Deliver a DEX Platform Offering Enhanced Organic Yields
Key takeaways:
- BlazeSwap decentralized exchange will use Flare’s price oracle delegation and network airdrop rewards
- The DEX is expected to go live once the Flare blockchain exits observation mode
- BalzeSwap is based on the same Automated Market Maker (AMM) model popularized by Uniswap v2
The BlazeSwap decentralized exchange (DEX) is set to launch on the Flare network, the new and exciting blockchain that aims to connect everything. According to available information, BlazeSwap is poised to become the first and only DEX on the network, offering Flare’s price oracle delegation and network airdrops, in addition to liquidity provider fees.

From all indications, BlazeSwap will introduce notable changes in the DEX market and the wider DeFi sector. Its pools, for a start, will offer automatic delegation to data providers for the network’s native decentralized price oracle, FTSO (Flare Time Series Oracle). While FTSO delegation is similar to staking, it is strictly merit-based. The most reliable FTSO price providers and token holders who actively delegate to them will get the best of network rewards.

An outstanding DEX in the making

Though it is yet to go live, BlazeSwap is prepared to become the best and cheapest place to swap all tokens on the Flare network and earn substantial fees. It offers an enhanced earning structure that is significantly different from what most decentralized exchanges offer. The organic, merit-based FTSO reward complements traditional DEX liquidity provider incentives.

With its unique features, BlazeSwap is likely to attract several crypto enthusiasts, especially those who are familiar with the new Flare Network. Flare (FLR) holders will benefit a lot by participating in the DEX. They can maximize utility of their assets by participating in the DEX, reaping the big benefits while securing the network.

Speaking enthusiastically about the imminent launch of BlazeSwap, Flare co-founder and CEO, Hugo Philion said:

“We are thrilled to see BlazeSwap integrating Fare’s native data infrastructure to offer a new way of doing DeFi. This is exciting news, not only for BlazeSwap and Flare but also the broader Web3 and DeFi communities. We are looking forward to seeing other innovative products our growing developer base will be able to build using Flare’s native protocols.”

Imminent launch – Exciting Community

BlazeSwap is still in observation mode at the time of writing. However, its launch is imminent. If the Flare Improvement Proposal, FIP.01, is accepted by the community as the DEX goes live, contributors to its liquidity pool will have so much to be happy for. In addition to their entitled inflationary rewards for delegating to FTSO, these contributors will also receive their share of the delegation incentive pool token rewards.

Speaking about the launch and the community, BlazeSwap founder, Alex Dupre, said:

“After months of development, we’ve been very happy to see the enthusiasm from Flare’s community about the launch of the alpha version of BlazeSwap on the Coston testnet. The speed of the Flare network, its low gas fees and its goal to ‘connect everything’ make it a perfect match with our decentralized exchange. Its full integration with Flare’s native components is what the community has been waiting for, in order to demonstrate and fully unlock the network’s potential.”

Wrapping up

BlazeSwap is based on the automated market maker (AMM) model popularized by UniSwap. It has been audited by Omniscia and found to be worthy. When it goes live, legacy tokens, including BTC, DOGE, XRP and Layer Cake will be available. With time, other tokens will become available for swapping and liquidity provision. BlazeSwap is expected to become a market where participants will make the best of the most important Web3 tokens, and Flare will serve as the cross-chain hub.
October 26, 2022
Gleec Incorporates With Changelly, Changelly Pro, and FMFW; Announces Token Launch on Six Exchanges
Key highlights:
- In a bid to create a deep liquidity order book for the GLEEC token, the decentralized digital ecosystem Gleec has partnered with multiple cryptocurrency platforms.
- Gleec eyes better price discovery and further enhancement of its services following multiple integrations
Blockchain-based cryptocurrency firm Gleec is set to exclusively expand its ecosystem as the platform announces multiple partnerships with Changelly, Changelly Pro, and FMFW.

Gleec is a blockchain-based digital ecosystem that allows users to trade and store crypto assets while enjoying top-notch transparency, security, and a friendly user interface. Since its launch, Gleec has been on the move to further enhance its service to provide users with exclusive trading experience.

Gleec announced integration with 6 top exchanges

Following plans to establish a high-volume order book for its native token, Gleec announced the Gleec coin is set to go live on six different top-rated crpyto exchanges. This includes Phemex, MEXC, Changelly, Choise.com, Changelly Pro, and FMFW.

According to the announcement, the massive partnership will see expanding the reach of its ecosystem to other notable cryptocurrency firms in the market. This way, investors can easily engage with the GLEEC crypto market through the incorporated exchanges.

Apparently, the listing of the GLEEC token will serve as a stepping stone to help the platform ensure a high-volume order book for the coin. Users of the Gleec coin now have access to easily buy, sell, and trade the coin at their convenience.

The announcement further revealed that the coin is now officially available for trade on the Changelly exchange platform and Changelly Pro after the contract with the exchanges was signed on the 20th and 22nd of October, respectively.

Although the platform has planned to launch on Choise.com, the event has not yet been confirmed. Nonetheless, the token listing on MEXC will happen on 29th October at 12.00 UTC. Also, the listing on the Phemex exchange has been scheduled to hold on the 9th of November at 9.00 UTC.

Meanwhile, the deal will see the FMFW exchange launch the Gleec Coin on 26th October as its CEO, Danish Chaudhry, expressed delights on the proposed development, saying;

“We are excited to welcome a valuable project like Gleec, which has real utility and can positively impact the entire crypto ecosystem and make DeFi more accessible to everyone. Gleec’s mission aligns with our philosophy of aiming to make blockchain available across the world and over a wide range of industries.”

Gleec eyes further expansion and efficiency

The ongoing listings suggest that Gleec is deploying possible measures to iterate a single central order book that is capable of improving liquidity for the GLEEC/BTC and GLEEC/USDT pairs.

Furthermore, Gleec’s strategic partnership with renowned exchanges at a time like this, when the industry is struggling with price deficiencies, predicts tendencies for better price discovery while consolidating the crypto industry. The move will foster further exposure for the Gleec coin, connecting it to other markets and investors.

The announcement also revealed that the development will offer Gleec Card users the opportunity to be able to top-up the Visa Debit Card with Gleec Coin.
October 26, 2022
Twitter Is Reportedly Expanding Its Crypto Products Lineup With Blockchain Wallet
Key takeaways:
- According to blogger Jane Manchun Wong, Twitter is working on its own cryptocurrency wallet product
- The wallet, still in prototype stages, will reportedly support deposits and withdrawals
- Twitter has previously added several crypto-focused features, including BTC and ETH tips, as well as NFT functionality
The wallet is currently in the prototype stages of development

Prominent blogger and hacker Jane Manchun Wong has revealed that Twitter is working on a “wallet prototype” that will support both cryptocurrency deposits and withdrawals.

While Wong didn’t share any additional information in a tweet made on October 24, she did add that she will do so when “more information becomes available.”

Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
— Jane Manchun Wong (@wongmjane) October 24, 2022

Wong, who earned her fame by uncovering hidden features buried in the code of some of the more popular online products and services, has, among other things, correctly predicted that OpenSea would be adding support for Solana in January. While OpenSea initially refused to comment on her findings, the world’s largest NFT marketplace did ultimately integrate Solana a few months later.

The social media giant keeps expanding its crypto presence

The news of Twitter working on its own crypto wallet shouldn’t come as a surprise – the San Francisco-based social media company has launched several crypto-focused features in the last couple of years.

In January 2021, Twitter introduced a non-fungible token (NFT) specific feature that allows NFT owners to display their digital collectibles as their profile pictures. A month later, the company launched the Ethereum tipping functionality.

Last September, the company rolled out Bitcoin tips through the Lightning Network, enabling Strike wallet users to send BTC to each other much more efficiently than what is possible on Bitcoin’s Layer 1 blockchain.

With Elon Musk’s $44 billion Twitter acquisition back on the table, Twitter could be adding even more crypto features in the future. Tesla billionaire has, on numerous occasions, floated the idea of integrating Dogecoin into the Twitter platform in some capacity.
October 26, 2022