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  • Primex Finance deploys its Beta on zkSync testnet to enable margin trading on DEXs

    Primex Finance deploys its Beta on zkSync testnet to enable margin trading on DEXs

    Kyiv, Ukraine, 25th October, 2022, Chainwire

    Pioneer cross-chain prime brokerage protocol Primex Finance announces the deployment of its recently-launched Beta version on the zkSync 2.0 testnet. Taking place at the end of October 2022, the integration will enable the project to offer users better transaction speed for margin trading on DEXs. At the same time, traders will be able to take advantage of lower gas fees and a high level of security on Primex Beta.

    As a promising solution to enhance Ethereum’s scalability, zkSync’s Layer 2 (L2) protocol leverages zero-knowledge (ZK) rollup technology to achieve low-cost and fast transactions. Simultaneously, it inherits the first layer’s (L1) level of security with Ethereum Virtual Machine (EVM) compatibility. 

    Cited as the potential long-term winner of the “scaling wars” by Vitalik Buterin, ZK-rollups are in high demand among Web3 developers. As a top solution in this field, zkSync already has over 100 projects committed to launching on the upcoming zkSync 2.0 network, including established DeFi market players and infrastructure providers, such as Uniswap, Curve, Yearn, Chainlink, The Graph, Argent and Gnosis.

    On the mission of defragmenting the DeFi market, Primex Finance is among the projects seeking to integrate its ecosystems with zkSync. Later in October, Primex will deploy the Beta version of its platform on the zkSync 2.0 testnet, which has been operational since February 2022.

    With its upcoming zkSync integration, Primex Finance aims to enrich the capabilities of DEXs by enabling decentralized spot margin trading. Instead of a siloed ecosystem, Primex can operate on top of zkSync’s numerous decentralized exchanges enabling access for their users to a wider variety of trader tooling and assets.

    Currently, users can take the roles of lenders and traders on Primex Beta. For instance, lenders supply digital assets to liquidity pools called Credit Buckets that traders use to borrow capital for their margin trading positions. In exchange for their liquidity, lenders are rewarded with high yield backed by margin fees. Furthermore, as each Credit Bucket has different sets of risk parameters like the supported assets and the maximum available leverage, it allows the latter participants to manage their risks efficiently. 

    Unlike most DEXs with margin trading capabilities, Primex replaces centralized order books and other backends with a permissionless network of keepers to achieve fully decentralized trade execution. Keepers are responsible for on-chain execution of such actions as a position liquidation, stop-loss, take-profit, or limit order.

    “ZK-rollups have tremendous potential to solve Ethereum’s scalability in the long run, and zkSync is among the leading solutions in this field. Considering that the largest and most liquid DEXs are looking to deploy on this L2, it made perfect sense for our team to deploy Primex on zkSync’s testnet. This way, we can introduce a truly decentralized spot margin trading experience for more users who can benefit from lower gas fees and faster transaction speed offered by ZK-rollup technology,” said Dmitry Tolok, Primex Finance’s co-founder.

    About Primex Finance

    Founded in the Summer of 2021, Primex Finance is the first-ever cross-chain prime brokerage protocol that seeks to solve the DeFi market’s liquidity fragmentation issue by enabling spot margin trading across numerous DEXs and blockchains with a totally decentralized trade execution mechanism. The project’s team has recently advanced to the next stage of its roadmap by launching the platform’s Beta release and introducing a variety of new features and mechanisms to enhance user experience. 

    For more information, visit Primex’s website and blog.

    Contact

    CMO
    Anton Demenko
    PrimexLabs OÜ
    anton@primex.finance

  • Balancer-based Aura Finance Hits $500M TVL, Breaks Into Top 20 Largest DeFi Projects

    Balancer-based Aura Finance Hits $500M TVL, Breaks Into Top 20 Largest DeFi Projects

    Aura Finance (AURA) logo cover image

    Key highlights:

    • Aura Finance is an innovative DeFi protocol that increases the liquidity-providing yield and governance power of Balancer protocol users
    • Aura, which has collected more than $ 500 million TVL in just 4 months, has become one of the top 20 DeFi platforms in this field
    •  The protocol, which attaches great importance to the security of users and funds, has not encountered any hacking incidents, although it has increased its recognition
    • Liquidity pools in Aura offer users an average of 29.78% APY return opportunities

    Aura Finance is an autonomous DeFi platform developed for Balancer (BAL) users to increase their governance power, yield and the way they benefit from DeFi. Launched in June 2022, the project has quickly become one of the key players in the DeFi ecosystem, with more than $500 million TVL. Aura Finance, which surpassed popular DeFi projects such as SushiSwap, Synthetix, Yearn Finance, Abracadabra, GMX and dYdX, managed to rank among the top 20 DeFi protocols.

    In the list presented by DeFi Llama by analyzing the current data of hundreds of DeFi projects, Aura Finance was included in the top 20 DeFi protocols in terms of total value locked with $528.29m. Currently only supporting the Balancer protocol, Aura may soon expand its influence and presence to other DeFi ecosystems.

    DeFi Llama TVL data Aura Finance (AURA)
    TVL rankings. Image source: DeFi Llama

    Great Success in the Bear Market

    While many crypto projects are losing value and experiencing disruptions under the bad effects of the bear market, Aura, which has been on the market for four months, has reached $500 million TVL, a very big milestone. DeFi ecosystem, which had 170-billion-dollar TVL in November 2021, has seen more than a 69% decline since then and currently has a 51.59 billion-dollar TVL.

    Working as a yield-optimizing protocol, Aura has seen more than a 100% TVL increase in the last five weeks. Having managed to accumulate more than $250 million TVL since mid-September, the protocol has become the fastest-growing project among the top 50 blockchain DeFi platforms.

    Fund Security is the Focus of Aura Finance

    Cyber ​​attackers exploiting DeFi protocols by exploiting smart contract vulnerabilities stole more than $3 billion in cryptocurrencies this year before 10 months were up. Developing high-security standards against strong attacks by hackers, Aura has not experienced any hacking events since its launch.

    The Aura Finance (AURA) platform currently consists of 37 liquidity pools. While the average APY rate was above 33% until a few days ago, it is now around 29.8% with increasing interest and TVL. While liquidity providers earn veBAL rewards, NFT collections and various benefits have been created for AURA token holders in the protocol.

    More About Balancer

    Running on the Ethereum blockchain, Balancer is a DeFi protocol in which each Balancer pool works as a liquidity provider, a self-balancing weighted portfolio, and a price sensor. In the protocol that works as AMM, investors can follow arbitrage opportunities and benefit from Balancer’s Smart Order Router and earn high returns from their portfolios.

  • SeaCoast Will Host $COAST Token Sale on October 25th

    SeaCoast Will Host $COAST Token Sale on October 25th

    Madrid, Spain, 25th October, 2022, Chainwire

    SeaCoast, the maritime startup using web3 technology to pioneer new ways of exploring the world’s waterways, has announced its public token sale. The event will commence on October 25, giving members of the public their first opportunity to purchase $COAST tokens.

    The $COAST token will sit at the heart of the nautical ecosystem SeaCoast is developing, centered around curated data of waterways and inlets. This will enable explorers to access rich and up-to-date information that enhances their interactions with local touchpoints.

    SeaCoast has developed a trio of applications to support this goal in the form of ShoreView, PortView, and PaperBoat. Together, the apps unlock new ways of interacting with coastal resources while rewarding human curators for the knowledge they share.

    ShoreView is a virtual assistant that facilitates coastal navigation through augmented reality and shows the user in real time both what they see and what is invisible to the naked eye. PortView facilitates mooring boats using augmented reality and audio assistance. It is the maritime equivalent to Google Maps’ “how to get there” function since 70% of accidents with rented boats occur at the point of mooring. PaperBoat is a mooring reservation manager that serves as the Booking.com of sailing.

    “We do not think of tokens as a possibility to capture resources, but as a way from which we can promote some services and boost the recurrence of users on the platform,” says Jose Manuel Arnaiz, CEO of the company and founder of Jazztel, DigiMobil and a dozen of other companies. 

    As a matter of fact, the $COAST token rewards users who share the information they acquire when navigating or discovering places along the coast. Tokens are earned by sharing geo-referenced elements that can then appear on augmented reality maps for other users. The more information about coastal areas that is shared on the platform, the more users will earn as tokens and will level up to obtain various rewards. These can range from priority access to marinas or buoys to discounts at local venues and invitations to events.

    About SeaCoast

    SeaCoast is harnessing web3 technologies, including tokenization and blockchain, to revolutionize the way people interact with the world’s coastlines. From sailors to ramblers, anyone who interacts with the world’s waterways, including canals, coastlines, and harbors, can contribute to SeaCoast’s trifecta of apps and earn rewards for the valuable data they supply. The $COAST token aligns incentives between participants and accelerates the augmented reality future that SeaCoast is building.

    Learn more: https://seacoast.app/

    Contact

    Product Manager
    Claudia Gordo
    SeaCoast
    communications@seacoast.app

  • SEMPSA JP, LBMA Good Delivery Refinery Launches Tokenized Gold and Silver on the Blockchain in Partnership with Aurus

    SEMPSA JP, LBMA Good Delivery Refinery Launches Tokenized Gold and Silver on the Blockchain in Partnership with Aurus

    Madrid, Spain, 25th October, 2022, Chainwire

    SEMPSA JP, the leading Spanish Good Delivery precious metals refinery, has partnered with Aurus to offer digital tokens backed by gold and silver to its network of bullion dealers. Five precious metals dealers working with SEMPSA JP are selling tGOLD and tSILVER tokens to the broader retail market via their e-commerce stores. The refinery has tokenized an initial allotment of 3 kgs. of gold and 25 kgs. of silver bullions using the Aurus blockchain protocol.

    Aurus is a decentralized global software platform that facilitates the tokenization of precious metals on the blockchain. tGOLD and tSILVER tokens are each backed by one gram of 99.99% gold and 99.9% silver, respectively. Free of recurring storage fees, Aurus tokens offer investors a convenient and affordable alternative to physical bullions, with the additional benefits of instant settlements and real-time 24/7 trading from any mobile device.

    tGOLD and tSILVER are now available at:

    ●   Andorrano Joyería (Barcelona, Bilbao)

    ●   CIODE (Madrid)

    ●   InverMoneda (Málaga, Cádiz, Madrid, Barcelona, Sevilla)

    ●   Oro Express (Madrid)

    ●   Oro Hispánica (Madrid)

    All five bullion dealers offer physical redemption services, enabling customers to redeem tGOLD and tSILVER tokens for physical precious metal bars and coins at any time. 

    tGOLD and tSILVER tokens are now available here: https://sempsajp.com/metales-digitales

    “At SEMPSA JP, we are always seeking to innovate across the entire value chain of the production of precious metals, working together with our clientele to offer the finest products. By partnering with Aurus, we are now facilitating access to SEMPSA JP gold and silver bars in a highly secure, portable, divisible, and liquid form. We are excited to lead the adoption of safe technologies, such as blockchain, helping to accelerate the digital transformation of the precious metals industry.” – Francisco Espinosa, CEO at SEMPSA JP.

    “Together with SEMPSA JP, we proudly advance the accessibility and usability of precious metals to the mass market by leveraging blockchain technology. Now anyone can easily buy, store and trade gold and silver 24/7 at minimal costs. This partnership massively supports our vision to create a more inclusive and efficient precious metals market.” – Guido van Stijn, CEO at Aurus.

    About SEMPSA JP

    Founded in 1920, and part of the Heimerle+Meule group, SEMPSA JP is the oldest refinery in Spain and a trusted supplier of precious metals to mints, dealers, and jewellers worldwide. It´s the only Spanish company with LBMA Good Delivery certificates, both for gold and silver and a pioneer in refining, metallurgy engineering, and processing precious metals. SEMPSA JP offers a variety of fine metals, coin blanks, and alloys in multiple formats, along with customized products and full-service support to its global network of customers.

    About Aurus

    Aurus is the decentralized blockchain infrastructure empowering gold, silver, and platinum-pegged digital assets, creating a more inclusive and efficient precious metals market. The Aurus Ecosystem is a highly scalable, autonomous network of precious metals businesses that independently mint and distribute gold, silver, and platinum-backed tokens globally.

    Contact information

    Aurus Technologies

    Francisco Leyton – Jefe de Producto

    francisco.leyton@aurus.io / +31624829371

    SEMPSA JP – Agencia OMNICOM

    Mónica Vicente Asenjo

    monica.vicente@omnicomprgroup.com / +34616990286 

    Belén Sanzano

    belen.sanzano@omnicomprgroup.com / +34919142746 / 690739471 

    Contact

    Marketing & Growth
    Francisco Leyton
    Aurus
    francisco.leyton@aurus.io
    +31624829371

  • Unizen Launches the First Version of Its Trade Aggregator

    Unizen Launches the First Version of Its Trade Aggregator

    Unizen Trade Aggregator

    Key Takeaways:

    • Unizen officially rolls out the first iteration of its long-anticipated trade aggregator in Q4, 2022 to enhance its cross-chain services.
    • Trade Aggregator v1 facilitates multiple DEXes on seven blockchains in a single interface.

    CeDeFi ecosystem, Unizen announced it has released the first version of the Unizen trade aggregator. Hence the long-anticipated Unizen trade aggregator V1 is now live after over 2 years of development.

    According to the announcement, the new development marks a fulfillment of the team’s unrelenting efforts to enable a web3 interface for the cross-chain universe. Moreso, the birth of the Unizen trade aggregator follows the platform’s plans to make digital assets easily accessible to everyone.

    Basically, Unizen provides a seamless platform for users to easily trade digital assets across multiple networks without barriers from intermediaries. With Unizen, a particular coin can be exchanged for another coin without barriers from intermediaries, cross-chain bridges, or wrapping services.

    Unizen’s Trade Aggregator Enhances Cross-Network services

    The release of the first version of the platform’s trade aggregator will see the platform extensively providing a remarkable interface for noncustodial trading on various blockchains. Therefore, it will establish a system that creates a web3 interface for the cross-chain universe. 

    The development team behind the platform claimed they had “laid the foundation of the Trade Aggregator’s core mechanics.” Apparently, the new product is designed to allow cryptocurrency users to exchange their assets in a noncustodial manner through 70+ DEXes simultaneously.”

    Following the announcement, users from all round the globe can now enjoy access to thousands of digital assets across seven blockchains and 70 DEXs. Notably, users will enjoy this exclusive access through a single, easy-to-use interface designed to be easily recognizable by most users, all thanks to the trade aggregator launch.

    The launch marks a major milestone for Unizen as it represents the first of its kind of product ever debuted by the platform. The Unizen trade aggregator will enable a true, cross-chain enabled, decentralized exchange that finds the most cost efficient trades with support for thousands of digital assets.

    The new development will cause notable improvements on the Unizen Operating System considering the mechanisms it adopts. Users of Unizen will not have to hop between DEX’s to access certain assets.

    Moving forward, users will no longer need to navigate to different blockchain bridges simply to move funds between networks. Also, they will no longer become vulnerable to phishing attacks and clunky UI which are prone to error.

    Furthermore, the platform revealed it is eyeing further developments in the coming months. Noting that it is seeking to improve and introduce new functionality.

    “We will continue to add on data sources, liquidity pools, and supported assets. We will also introduce trade splitting across liquidity pools and blockchains in a few weeks,” the team disclosed.

  • Planet IX is Creating a New Framework for Esports by Implementing On-Chain Gaming

    Planet IX is Creating a New Framework for Esports by Implementing On-Chain Gaming

    Stockholm, Sweden, 24th October, 2022, Chainwire

    Planet IX, the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT.

    In 2021, ArcadeNFT developed the first-of-its-kind smart contract created specifically for on-chain P&E and PVP gaming where ranking, prizes, and payments are all controlled and fulfilled entirely on the blockchain. Implementing the contract enables on-chain competitive gaming in the Planet IX ecosystem, it also lets Planet IX enter the esports market. Although, it’s a new kind of esport and gaming framework.

    On-chain Esports enables safety on all levels of gaming through smart contracts with on-chain brackets and autonomous prize pools. The purpose behind it is basically to reward players for their engagement by transferring a part of all in-game transactions to the prize pools. In practice, it means that an average everyday gamer can earn money when winning a game of Fortnite or Dota via a decentralized system.

    Felix Bengtsson, CMO and Co-Founder of Planet IX states that “this partnership is a gateway for further opportunities that will allow Planet IX to be seen as leaders in the NFT and GameFi industry – merging a strategy-based game with on-chain Esports opportunities.”

    The most iconic NFT that Arcade will bring to Planet IX is the historical Genesis Pinball. A limited edition NFT launched in August of 2021, with a playable pinball game inside the NFT allowing users to enter the NFT itself directly on OpenSea and play the game. The Pinball NFTs are the first-ever on-chain playable gaming NFTs and holders have received airdrops from all the following releases by ArcadeNFT.

    After the Merge, Pinball NFT holders will be airdropped Genesis Corporation NFTs in all of Planet IX’s in-game corporations. The Pinball holders will also be included in the vesting schedule of the IX Token, IXT,  which is the native utility token of Planet IX.

    The merge came to mind because Planet IX and ArcadeNFT share the same fundamental idea and view on esports and gaming. That all players, not just the best teams and event organizers, should have the opportunity to own their in-game assets and receive rewards through gaming.

    ArcadeNFT will assist Planet IX in advancing this concept. The long-term vision is to enable P&E and competitive gaming through NFTs & smart contracts. With massive marketplace backing from Planet IX’s existing ecosystem, the funding of autonomous prize pools for players on all skill levels will be secured when the on-chain gaming concept is developed further by the partnership.

    About Planet IX

    Planet IX is an NFT-based GameFi strategy platform developed by Nibiru Software. Well, actually it’s a sci-fi game and a metaverse. It’s housed on the Polygon Blockchain, and has a huge marketplace, multiple corporations, vendors, and utilities that aid players in their collective mission to resurrect and rebuild an entire world. The game is free to play on mobile or desktop.

    Contact

    Rasmus Rasmussen
    Nibiru
    hello@nibiru.se

  • How Do You Spend Or Use Your PoshCoin

    How Do You Spend Or Use Your PoshCoin

    With the world of cryptocurrency evolving continuously, new and advanced crypto tokens are being launched regularly. PoshCoin is one such crypto token that has been developed specifically for the cannabis industry. This new crypto token aims to make cannabis-based transactions quick, safe, and thorough with the help of blockchain technology. In this blog, we will look into some of the usages of PoshCoin in the cannabis industry. Read along.

    An overview of cryptocurrency

    Cryptocurrencies have long been the subject of heated discussion, and are still valuable today. Due to the several benefits that investors receive while working with cryptocurrencies, many new tokens are released every year. Furthermore, the basis of cryptocurrencies and blockchain technology is completely decentralized.

    Currently, cryptocurrencies serve as an efficient medium of virtual transactions. One of the most important aspects of cryptocurrency is that they work outside the working principles of the traditional banking system. This means that in cryptocurrency, there is no payment authorizing officials, thus making crypto transactions faster and seamless.

    What is PoshCoin?

    PoshCoin is the latest crypto token that seeks to provide smooth and secure transactions in the cannabis industry through its decentralized technology. It will expedite the trade of cannabis most efficiently. PoshCoin wants to make it easier for users of the cannabis industry to overcome the current challenges and legal implications. It will distinguish itself from other cryptocurrency tokens through its extensive blockchain-powered capabilities. This, in turn, will provide secure, reliable, and quick transactions in the cannabis market.

    Usage of PoshCoin in the cannabis industry

    ·         Medical use:

    Cannabis and cannabis extracts are known to have extraordinary therapeutic benefits, particularly in cancer treatment. Even though cancer is currently one of the most lethal and feared diseases, traditional treatments like radiation therapy and chemotherapy have been proven to be effective but unaffordable to some. Cannabis, however, is quickly becoming a part of more recent and novel medicinal procedures. Therefore, everywhere in the world, PoshCoin can be used to conveniently buy cannabis and cannabis extracts for medicinal purposes.

    ·         Recreational use:

    Cannabis dispensaries have started to pop up all across the country as states get closer to legalizing marijuana. This offers a completely distinctive and, perhaps, sophisticated cannabis purchasing experience for recreational purposes. Post-Covid-19, the footfall is increasing at cannabis dispensaries since a large number of people are looking for a way out of the lockdown – the psychotic way.

    PoshCoin can aid in the simple purchase of cannabis for recreational uses. This is so that it can avoid the legal framework that prohibits the purchase of cannabis. It is a digital payment method. Due to its blockchain-based support, PoshCoin accelerates, secures, and improves cannabis-related transactions. Since transactions involving cryptocurrencies are documented in the blockchain network, the crypto token also offers higher transparency.

    The combination of cannabis and cryptocurrency

    Due to marijuana’s widespread negative connotations, the idea of using cryptocurrencies in the cannabis sector first emerged. Cryptocurrency is a big solution to this issue because no bank oversees cryptocurrency transactions, thus making it much simpler for businesses to use them. Blockchain technology, the underpinning of cryptocurrency, is trustworthy and impractical to exploit since any additions or edits to one block have an effect on the entire network of blocks. Transactions are safe and confidential since crypto tokens are the only ones using this technology.

    Final thoughts

    The efforts to combine two of the most controversial sectors (cannabis and cryptocurrency) first began about a decade ago. Since then, both sectors have been on the path to legalization and PoshCoin is a modern-day solution to make these two sectors as accessible as possible. Now that you know the usage of PoshCoin, the future of cannabis and cryptocurrency sectors is clearer.

  • The Recently Launched Scalability-focused Layer 1 Blockchain Aptos and its Coin Rank #1–Top Coins to Watch for Oct 24 – Oct 30

    The Recently Launched Scalability-focused Layer 1 Blockchain Aptos and its Coin Rank #1–Top Coins to Watch for Oct 24 – Oct 30

    The Recently Launched Scalability-focused Layer 1 Blockchain Aptos and its Coin Rank #1–Top Coins to Watch for Oct 24 – Oct 30

    The cryptocurrency market entered Week 43 with a total market capitalization of $945 billion. While the total market capitalization remained almost unchanged as compared to the total capitalization at the start of last week, both largest cryptos ended the week in the green with BTC gaining 1.5% and ETH twice as much. Klaytn (KLAY) and Huobi Token (HT), our #1 Top Coin to Watch from last week’s article, were the best performing assets out of crypto Top 100, with a 34% and a 21% gain respectively. Can this week’s #1-coin repeat Huobi Token’s success?

    3. Maker (MKR)

    Maker protocol was one of the earliest projects on Ethereum and remains the cornerstone of Ethereum’s decentralized finance (DeFi) ecosystem. This protocol, which launched already in 2015, allows users to lock up their Ethereum or other Ethereum-based assets as collateral to receive a loan in the form of Dai stablecoin. Dai, which is designed to trade as close to $1 as possible, is issued in a completely trustless manner. Its issuance and peg are governed by a complex system of Ethereum smart contracts. MKR is Maker Protocol’s governance token. Holders of these ERC-20 tokens can propose changes to the protocol and participate in governance polls.

    Buy/Sell MKR

    Maker Protocol is undergoing a “makeover” as MKR governance community votes on a series of proposals that will shape the company’s future

    Maker gained roughly 45% in the past 30 days, which maker MKR the third most profitable assets in the cryptocurrency top 100 in this time frame. The rally is somehow in accordance with Maker’s historical price trends, as MKR usually goes against the rest of the market, performing well when the rest of the crypto market is in decline and vice versa. From the technical perspective, we notice that the total number of wallets interacting with Maker is in decline, but the number of wallets with non-zero balances and active wallets is gradually growing. Nevertheless, both metrics are far away from their highs reached in spring 2021, which leads us to the assumption that the positive market sentiment could be connected with the “makeover” that the Maker protocol is currently undergoing. The MakerDAO founder Rune Christensen describe his opinion on how to make the popular DeFi protocol even more decentralized and censorship resistant in his “Endgame” manifesto. Nevertheless, some Maker investors including venture capitalist Andreessen Horowitz (a16z) who holds on to a large amount of MKR are not on board with the founder’s plan to break up MakerDAO into smaller units. In its root the disagreement is actually because one camp favours prioritizing decentralization while the other puts boosting growth first. The fact that lots of decisive governance votes are expected may also contribute to the increased demand for MKR and drive its price up. In other news, the MakerDAO, has recently decided to diversify its balance sheet. Considering the rising interest rates, the DAO voted to convert $500 million worth of DAI stablecoin into short-term US Treasuries (80%) and investment-grade corporate bonds (20%). 

    2. XRP (XRP)

    XRP is a cryptocurrency that was launched in 2012 by Chris Larsen, Jed McCaleb and Arthur Britto. Ripple’s network uses a unique Ripple Protocol consensus algorithm (RPCA), which is neither proof-of-work nor proof-of-stake, to facilitate fast and cheap transactions. The maximum supply of XRP is 100 billion coins and all the coins were minted at launch of the Ripple blockchain. Back than 80% of the total XRP supply was given to fintech firm Opencoin, a company that renamed to Ripple Labs in 2015. As of today, Ripple Labs still hold more than half of the total XRP supply. However, most of the company’s XRP holdings are locked in escrow. In December 2020 Ripple became entangled in a lawsuit with the US SEC, which accuses that the company of selling unregistered securities. The legal battle between Ripple and the SEC remains one of the key factors influencing XRP’s price.

    Buy/Sell XRP

    Several technical and fundamental factors indicate a potentially bullish rest of the year for XRP

    During the last few months, the lawsuit related developments have caused several XRP rallies, causing it to record an almost 35% gain during the past 3 months. Nevertheless, there are currently several factors that point out to a bullish rest of the year for XRP on top of the possibility of a positive outcome of the legal battle with the SEC. For example, Ripple is seeking to bring Ethereum smart contracts to the XRP ledger. This will be done through an EVM-compatible XRP sidechain, which has already been launched on devnet. The sidechain that is set to undergo the second phase of development in early 2023 will allow XRP users to interact with Ethereum-compatible decentralized applications (Dapps). As noted by RippleX software engineer Mayukha Vadari, developers will “no longer have to choose between XRPL or EVM-compatible blockchains” and could have both: the Ethereum-grade Solidity smart contracts and Ripple’s fast low-cost transactions. Ripple is also currently handing out Creator Fund’s grants – $250M have been allocated to help creators bring their NFT projects to market on the XRP Ledger as part of this program. Furthermore, technical analysis also suggests a possible bullish outbreak. No wonder, that the on-chain data is showing strong XRP accumulation in this setting – data provided by Santiment shows rising XRP mean coin age and massice XRP outflows from exchanges to private wallets. Do you think we will see XRP at $1 this year?

    1. Aptos (APT)

    Aptos is a new highly scalable Layer 1 network brought to life by a team of former Diem stablecoin (previously known as Libra project) developers. However, team members are not the only thing that Aptos has in common with Diem, as the new blockchain utilizes Move, a programming language that was initially developed for Meta’s Diem project. Using the low latency Byzantine Fault Tolerant (BFT) engine allows Aptos to reach consensus extremely quickly – we are talking about sub-second block finality. Combined with high scalability the team believes that Aptos is the most product-ready blockchain in the world, which is capable of facilitating the industry’s move to Web3. The Aptos project has raised $350 million in funding in early 2022 from a number of prominent investors, including Andreessen Horowitz and FTX Ventures.

    Buy/Sell APT

    Aptos Launched its Mainnet on October 17, its APT coin soon got listed on some of the most popular exchanges

    After several months in development, the Aptos mainnet went live at the beginning of last week (October 17). The mainnet launch generated a lot of buzz in the crypto sector as members of the cryptocurrency community had high expectations for the project.

    While the Aptos team claims that everything connected with the launch went smooth, several social media users noted that the network’s performance is verry poor. They have noticed that the blockchain is only processing 4 transactions per second (TPS) as opposed to the promised 160,000 TPS. However, the extremely low TPS was very likely just due to the low traffic and activity on this emerging blockchain in the first hours of its existence. In fact, Aptos has recently performed up to a maximum of 2,500 TPS. Nevertheless, only time will show how many transactions Aptos can handle, with the announced deployment of several NFT project on Aptos being the very first significant stress test. In addition, the Aptos network’s native governance and utility token APT was listed on most popular exchanges just two days after the launch of the mainnet. Binance, Coinbase, and FTX exchanges have participated in a synchronised listing, the APT order books on these exchanges opened on October 19, 1:00 UTC. Soon after that, Huobi, OKX, KuCoin and Bitfinex have also listed APT, so that the coin is now trading on almost every large centralized exchange. Decentralized exchanges, on the other hand, are considering deployment on the freshly deployed PoS blockchain. The PancakeSwap team was among the first to recognise Aptos’ potential and propose the deployment of their DEX protocol on the Aptos chain. The proposal was passed with more than 98% votes in favour of deployment. To conclude, Aptos is a small and young project that has an enormous potential to grow. Aptos’ experienced team, rapidly growing network activity and an already vibrant developer ecosystem give the project a higher chance to succeed.

  • B2Broker’s Leading Products – B2Core, MarksMan, and B2Trader – Are Now Even More Accessible

    B2Broker’s Leading Products – B2Core, MarksMan, and B2Trader – Are Now Even More Accessible

    B2Broker's Leading Products - B2Core, MarksMan, and B2Trader - Are Now Even More Accessible

    New updates are here! B2Broker, the pioneer in liquidity and related technologies for Forex, CFD and Crypto markets, is pleased to announce a huge upgrade! Its products B2Core, MarksMan, and B2Trader have become even more affordable for a wider range of companies thanks to a new pricing policy. This solution will definitely help expand opportunities for those traders and brokers who always wanted to try these products in practice. Thank you for your continued support!

    Changes in Fees

    For all B2Trader, MarksMan, and B2Core customers, there are no more set-up fees to worry about. Now, all three products are available without any initial set-up fees. As a result, customers can make significant savings, as before, they would have had to pay a one-time cost of $2000 for MarksMan and $25,000 for B2Trader. Set-up fees being eliminated from these products will make it easier for customers to get started with them, saving them more money down the road. Also, by removing set-up fees, customers will be able to scale their use of these products without having to worry about paying more as their needs change over time. Such an improvement will benefit both customers and businesses that provide these solutions.

    To ensure that B2Broker is able to do away with setup fees in the future and offer our customers such incredible savings, we have amended the terms and conditions of our service agreement. B2Trader, Marksman Liquidity Hub, and B2Core now require a three-month upfront payment to become a client of one of these systems. With this change, we will streamline our billing process while at the same time reducing our client’s costs and providing them with innovative solutions that will enhance their experience with us.

    B2Trader customers also won’t have to worry about paying a separate payment for the Amazon Web Services invoice. This excellent service will be provided by B2Broker on a free-of-charge basis, as we cover the costs ourselves. As such, our clients are only required to pay one payment a month for the service. We hope that by making this change, our customers will be able to manage their finances more efficiently and get a chance to save more money in the long run.

    Changes in the Product

    As a result of reworking our packaging system for B2Trader to make it as user-friendly and straightforward as possible, we are confident that our clients will be able to trade more effectively. Currently, all packages offer full functionality, and the difference between them can be clearly determined by the depth of the order book and the number of trading instruments. If you need a minimum number of pairs with a simple order book, then you can consider the Standard package. Nevertheless, if you plan on listing many coins and tokens simultaneously, the Enterprise package with 100 pairs and a 100×100 order book will be the ideal solution for your needs.

    Moreover, we have eliminated the limitation on how many external liquidity providers can be integrated into the MarksMan Liquidity Hub Advanced package to allow more flexibility. All clients will now be able to connect to an unlimited number of external liquidity providers, so they can offer trading services confidently, knowing they can get the best rates on the market. As a result of these changes, all the clients will have more flexibility and choice, making the process easier for them.

    The team at B2Core is also introducing Customer Queues as part of this release! Providing our customers with the best possible customer service is a top priority for us, and we have established a regular queue for Standard and Advanced packages, as well as a dedicated queue for our Enterprise package. Our teams have already been informed, and we are analyzing requests at the moment. As soon as everything is approved, the Enterprise package and all tasks associated with it will be given priority. With the implementation of this new system, we are confident that we will be able to serve our customers better than ever before.

    Additionally, we have removed all the “coming soon” features from our packages so that our customers can see upfront what we offer and what we do not. It means that the feature will not be available until the corresponding update is released with time. In order to enable our customers to make informed decisions about which package is most appropriate for them, we strive to be as honest and upfront as possible.

    As of now, all integrations have been updated in order to provide a more accurate representation of the products and incorporate new features. These improvements are designed to provide you with an improved trading experience while making it more enjoyable at the same time.

    The Prices

    Additionally, we have made some changes to our pricing structure so that it is clearer and more transparent. Currently, we have three products that we are proud to offer to our customers: B2Trader, MarksMan, and B2Core. Since there are no longer set-up fees or additional charges for services but just a monthly payment, the prices are as follows:

    • B2Core offers three monthly packages: the Standard package costs $1,000, the Advanced package costs $1,500, and the Enterprise package costs $2,500.
    • The Standard package for B2Trader costs $6,000 per month, the Advanced package costs $8,000 per month, and the Enterprise package costs $10,000 per month.
    • The standard MarksMan package costs $1,000 a month, the Advanced package costs $2,000 a month, and the Enterprise package costs $3,000 a month (plus hedging trade volume).

    There is an amazing deal you should know about if you are thinking about signing up for an annual subscription. If you commit to a full year, you will receive a discount by getting three free months as a reward. Therefore, you are only going to have to pay for nine months instead of 12 months.

    Conclusion

    It is our pleasure to introduce to you the new pricing of B2Broker to offer even more value to our customers. With the latest pricing options for B2Core, MarksMan, and B2Trader, these products are now more accessible to businesses of all sizes. Taking these steps will allow B2Broker to continue providing its clients the best services. Hence, why not get started today? Don’t miss out on this great deal! Enjoy these products for a fraction of the cost! Stay tuned for even more updates and features going forward. Feel free to reach out to us with any questions or suggestions you may have. We value your feedback and will do our best to accommodate it.