Blog

ADI Whitelist: A Universal Identity Layer by Accumulate
Miami, USA / FL, 20th June, 2022, Chainwire

Accumulate is announcing a whitelist for 10,000 Web3 enthusiasts to join in order to gain early access to claim a unique Accumulate Digital Identifier or ADI, which users will be able to use once the Accumulate Mainnet launches.

What are ADIs

ADIs refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain. Traditional blockchains are organized based on randomly generated public and private key pairs which are used to store funds and record transactions on a distributed ledger.

Current blockchain key management systems lack simplicity for the average user. The common approach of using the first and last characters of an address can leave users exposed to what is called the ‘man-in-the-middle attack’, which is a form of cyber attack where a bad actor could intercept or manipulate a transaction by injecting wrong information or changing the recipient’s address to their own. This is made easier due to the complex nature of randomly generated addresses.

Additionally, due to these addresses being randomly generated, public & private key management systems make it difficult to store ordered data sets or assign different levels of permissions to specific keys.

Accumulate Digital Identifiers (ADIs) are human-readable addresses similar to website URLs chosen by individuals or organizations to represent their presence on the blockchain.

ADIs enable more flexibility and deployment of complex operations by issuing a hierarchy of keys with different permissions or levels of security.

This allows entities operating on the blockchain to more easily build standardized yet scalable protocols for other entities to interact with and exchange sensitive information with them based on access permissions granted for specific data sets.

Using ADIs, Accumulate can serve as the de-facto communication and audit layer between blockchains, enabling the seamless transfer of tokens or other kinds of digital assets between ADIs across different chains regardless of their consensus mechanism.

Accumulate Digital Identifiers: Creating a Universal Identity Layer

A key advantage of ADIs is the emphasis on multi-chain interoperability with other digital identifier solutions.

One of the biggest challenges that the Web3 space faces today is the lack of connectivity between the dozens of other blockchain-based identity solutions, each of which is vying for the same goal of achieving a universal identity layer.

A decentralized identity solution is only as valuable as the number of individuals or entities it represents. The smaller the number of adopters of a digital identity format, the less useful each ID will be when it comes to accurately represent the online or offline behavior and reputation of its holder.

The ultimate purpose of a digital identity is to serve as a single source of truth and a standardized form of accounting for all on-chain and off-chain activities that the identity holder has participated in and for all digitally native and digitized (or tokenized) assets that they hold.

Under this description, it is essential that a digital ID be integrated into every Dapp or blockchain that a user has adopted in order to represent that user in the most accurate and complete way possible.

To this end, the Accumulate is not just focused on creating its own digital identity layer for users to adopt, it is also focused on partnering with existing digital identity providers in order to consolidate these services under one universal identity layer that can most accurately represent the Web3 space in its entirety.

Creating a Universal Identity Layer

On Accumulate, we aim to enable users who hold an SBT, an ENS domain, or any other form of digital identity to convert them into our ADI format, similar to how BTC can become WBTC by being embedded into a smart contract that converts the token to an ERC-20 token, thereby giving it functionality within the Ethereum ecosystem.

Each uniquely formed identity on a different chain or Dapp could be given an ADI wrapper that would enable it to function as a unique ADI within the Accumulate Network.

Ultimately, enabling interoperability between on-chain digital IDs to create a cross-chain universal identity layer will be one of the defining traits of Accumulate.

Join the Accumulate ADI whitelist today to take part in the next phase of decentralized digital identities.

About Accumulate

Accumulate is a high-performance blockchain for DeFi, integrating blockchains, protocols, oracles, and applications, serving as a bridge for the new digital economy. Accumulate shifts the paradigm for how blockchains manage data, tokens, and users with an identity-based, Proof-of-Stake  blockchain offering secure, scalable, and extensible features to power DeFi applications. Learn more at https://accumulatenetwork.io.

Contacts

President
- Michael Creadon
- Inveniam DeFi Devs
- support@defidevs.io
June 20, 2022
Binance CEO Sees Crypto Winter as an Opportunity for new Investments and Bussines Expansion
Key takeaways:
- Binance CEO Changpeng Zhao sat down for an interview with Fortune
- The CEO discussed a number of topics, including the bear market and Binance’s new hirings and investments
- Zhao indicated that it could take four years before Bitcoin and the rest of the market reaches a new peak
Zhao sees the crypto downturn as an opportunity for the industry to become “stronger”

In an interview with the US news outlet Fortune, the Chief Executive Officer at Binance, Changpeng “CZ” Zhao, revealed his thoughts about the bear market, Binance’s part in growing the crypto industry, and the role of crypto in sanctions enacted against Russia.

Zhao admitted that the current situation in the crypto market is “bad”. Bitcoin is trading more than 60% removed from its ATH, while the total value of all digital currencies in circulation dropped from $3 trillion in November to below $1 trillion in June. However, the CEO shared an optimistic perspective on the bearish trend, essentially pointing out that when there is a disaster, “there is also opportunity.”

Recall that Binance has been on a spending and hiring spree in the past couple of months. The company announced last week it will expand its workforce by 2,000 personnel by the end of the year, which comes in stark contrast to Coinbase and other companies that have been announcing hiring freezes and cuts.

In addition, Binance has made several considerable investments recently, including allocating $500 million for the Web3-oriented investment fund and making a $500 million commitment to help Tesla CEO Elon Musk in his Twitter takeover bid. The reason for this apparently lies in Binance’s extensive capital reserves. Zhao explained:

“We do not need to raise money. Based on my knowledge, we have a much larger budget than anybody else in the industry.”

The Binance boss added that the downturn, although “painful for a lot of people”, will help make the industry stronger. “Everyone who lasts, who survives, will be stronger,” Zhao said.

Although during the interview Zhao didn’t reveal how long the crypto downturn could last in his opinion (apart from remarking that the crypto market seems to follow 4-year cycles), his Saturday Twitter post did shed some light on the topic. Judging by previous cycles, it will likely take years before enough momentum is garnered for BTC and the rest of the market to rally to new price peaks.

https://twitter.com/cz_binance/status/1538164475416674304

In response to a question about crypto being used as a means of evading sanctions used by Russian oligarchs, Zhao reiterated his previous stance that crypto as a whole is simply too small to have any considerable effect on the global economy and that it most likely represents a minuscule share of the total wealth controlled by the Russian elite. The CEO also remarked that while Binance does adhere to the sanctions list, it would be wrong for the company to “unilaterally” freeze accounts of all Russian citizens.
June 20, 2022
Metaverse, Mining, DeFi, NFTs & More: How Swapin Solutions Can Instantly Convert Crypto-To-Fiat

Businesses or even individuals who regularly earn crypto-related income are often stuck with the challenge of converting all or a portion of the funds into cash in order to pay for expenses. This is rarely convenient, causes unnecessary exposure to volatility risk, and is deterring widespread crypto adoption.

Whether you are a Bitcoin miner, NFT artist, DeFi earner, Metaverse visionary, or just interested in a simple way to convert crypto-to-fiat in a flash, Swapin solutions are the missing link you have been hoping for. Here’s why.

How Swapin Solutions Help Crypto Holders

To truly convey the power of Swapin solutions and the authentic problems they solve for businesses and individuals, we are going to walk you through several scenarios common to crypto holders who, at some point, need to convert funds into cash.

NFT Artists

NFT artists have been making a killing in ETH or other smart-contract platform tokens that support NFTs. Many top NFTs sell for tens to more than one hundred ETH. Creators have sold entire collections at such rates, causing a pile of profits.

NFT artists often focus on art as their primary income stream, so they will need to pay bills, rent, subscriptions, and more. Using Swapin tools, users can make payments to service providers, landlords, and more in crypto, and since it is instantly converted into fiat when it arrives at the associated bank account, they are none-the-wiser.

DeFi Earners

Whether you have earned money from providing tokens as liquidity on decentralized exchanges, are lending them in a borrowing protocol, or are staking the assets for a variable APY, profits are bound to grow over time. The passive investing approach is a tried-and-true formula for steady capital growth.

But what happens when it is time to convert these coins into cash? It typically involves sending coins to an exchange, cashing out, then sending the funds to a bank account. By the time the funds arrive and the fees are taken, you get far less money, defeating crypto’s convenience. With Swapin, crypto is instantly converted and sent to a bank account as fiat, cutting out the extended process in between.

Metaverse Visionaries

Metaverse platforms are businesses with a team behind them. Since the company earns in crypto, yet still faces the challenge of paying employees who – despite crypto adoption increasing – still need cash.

These businesses can set up recurring payments in crypto to employees to cover salaries and daily expenses using Swapin crypto-to-fiat solutions.

Bitcoin Miners

Bitcoin miners must run powerful computer equipment that utilizes a great deal of energy in order to mine each BTC. The entire revenue model is driven by BTC, but to pay for the electricity required to operate the machinery or to cover maintenance costs, miners still need to convert some of their BTC to cash.

Bitcoin price is volatile. By the time miners go to convert their funds into cash, the price per BTC could have dropped significantly, causing the cash to fall short of covering the intended business expenses. With Swapin, businesses can simply send BTC to a connected wallet, which instantly converts the BTC into euros when it reaches the specified bank account.

About Swapin Solutions

Swapin is so well equipped to address the challenges crypto users face on a regular basis because Swapin CEO Evald Hannes-Kree has experienced these same issues during his extensive career in the cryptocurrency industry. Kree began as a Bitcoin miner, running into the same problems his business now fixes for B2C and B2B customers.

The company is licensed and regulated and has an ambitious company roadmap ahead. The company recently released a refreshed app. Swapin B2C tools include InstaPay, InstaFill, and soon InstaBuy. B2B tools include CoinCollector and the E-Com widget for merchants. Visit the official Swapin website to learn more about these products and how they can benefit crypto holders and businesses.

June 20, 2022
Minima is Set To Partner with Mobilityxlab to Create Innovative Mobility Solution
Key takeaways:
- Minima becomes 1 of 11 global startups invited to work with Mobilityxlabs to create innovative mobility solutions
- Mobilityxlabs, a collaborative platform formed by seven automotive industry leaders, works with several global partners to create innovative solutions for the changing industry
- Starting from August, Minima will create vehicle-2-vehicle solutions with advanced features, including loyalty programs.
- Minima’s communication solutions are expected to be cost-effective and efficient to meet the rising needs of the changing car/mobility industry
Decentralized blockchain protocol, Minima, has announced that it has been selected as part of Mobilityxlab’s collaborative program. Minima is 1 of 11 global start-ups selected to create innovative mobility solutions with industry leaders in vehicle and mobile communication through MobilityXlab.

Mobilityxlab’s Mission to Improve the Automotive Industry

The Mobilityxlab team is drawn from the industry partners, and its representatives are involved in every aspect of the process, including screening new applicants and leading the collaboration program.

MobilityXlab is a collaboration hub that was founded in 2017 by global companies to create and champion new innovations within the mobility industry. The companies collaborate with each other and with startups. As of the moment, it boasts seven founding partners: CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group & Zenseact.

Mobilityxlab is strictly committed to high standards and chooses its partners carefully. To be invited into the partnership program, a startup must be nominated by, at least, two of its industry insiders. This is necessary to reinforce knowledge sharing and improve the outcomes for Proof-Of-Concept (PoC) and validation of projects.

Minima as an Integral Part of the Program

Minima is a decentralized blockchain and peer-to-peer network designed to be accessible to as many people as possible by making it compact enough to run on mobile and IoT devices. It is complete, quantum resistant, and secured by every single one of its users.

Minima will start contributing to the collaborative program in August 2022. It will kickstart the Vehicle-2-Vehicle communication solution by demonstrating a decentralized network of connected cars/devices. These connected cars will individually benefit from the security of the Layer1 solution, distributed across all participating nodes. Minima’s communication solutions will ensure rapid and cost-effective vehicle-to-vehicle solutions, meeting the rising needs of the fast-changing car/mobility industry.

The solution from Minima will guarantee data security for connected cars while allowing them to be autonomous economic units. As a Peer-to-Peer network of connected nodes, it will support chat and communication features to allow users to share messages and information. The network will pave way for rewards and loyalty programs.

The Journey So Far

Although Mobilityxlab is a relatively new company, it has attracted at least 80 startups. Within six months of its launch, the program sealed 12 commercial contracts/partnerships. Surely, it can only get better from here.

Speaking about the exploits and vision of the company, Mobilityxlab director, Katrina Bud, said:

“To keep up with the rapid pace of innovation and technology development, companies can’t rely on doing it on their own anymore. Our role is to foster access to a productive collaboration network for all parties involved.

Considering that the car/mobility industry is drifting away from the era of people owning their own cars to a renting economy, there is a need to provide solutions that boost value. People need to derive maximum value from such aspects of the industry as car rental, ride-sharing, and car charging.

Minima is not just providing Vehicle-2-Vehicle communication. Its technology will meet the rising need for immutable and censorship-resistant transfer of mission-critical data. It will also ensure rapid and cost-effective Vehicle-to-Vehicle communication.

Speaking about the new partnership, Minima’s CEO, Hugo Feiler, said:

“We’re thrilled to be part of the mobilityxlab program and can’t wait to demonstrate the benefits of a truly decentralized network for mobility more broadly, and vehicle-to-vehicle communication in particular. When each car is a fully sovereign, functional node on the network, communication between them becomes more secure and resilient which we believe to be crucial for any future that involves autonomous vehicles.”
June 20, 2022
From Defending Against Black Swan Events to Making Commercial Tourism a Reality: How Blockchain in Space is Evolving

For the many out there, blockchain and space are two very different areas and seemingly have no connection. Yet, both are more intertwined than we can imagine. Human endeavor in both areas is cutting edge, full of exploration and wonders.

No wonder today blockchain, cryptos and space are fast becoming one. Thanks to one very ambitious Space Coin Project, it is leveraging blockchain and its properties to make space travel cheaper and more affordable than ever.

The Blockchain and Space Connection

The unexplored realms, space and blockchain provide vast areas (physical, digital and financial) that remain untouched. Today, several projects combine these two to offer various innovative services.

Take Blockstream for example. The Bitcoin satellite project uses an array of transceivers thousands of kilometers above the earth that are continually syncing the Bitcoin chain. These satellites also beam down to earth and communicate with each other to stay updated. In case of a black swan event that can cripple most of the miners and nodes ground side, the satellites can keep the network running.

Another innovative approach that connects cryptos and space is DOGE-1, a collaboration between GEC and SpaceX to put a research satellite in the moon’s orbit. What’s so special about it? The whole project is funded through Dogecoin.

Now the Space Coin Project wants to take a different approach.

Space Coin Project: Let’s Put Men in Space

All space and blockchain endeavors have one thing in common. They either leverage space for blockchain or leverage blockchain for space. Space Coin Project is innovative in the approach that it takes to the private space tourism industry. It wants crypto to power tourists into space.

The project isn’t only going to leverage the financial power of cryptos, but also use the complete blockchain aspects, including DeFi and DAO to ensure that it is viable and economical.

The Space Coin Project is going to use its ERC20 compatible SPJ token as the underlying asset that will power the whole system and economy. All token holders will be eligible to take part to become tourists in space. Using the SpaceDAO, token holders can decide on which tourism service to use, how to pool the finances and how to decide who gets to go. Using blockchain means that all decisions are transparent and viewable to all.

At the same time, using blockchain means that the financial decisions are also transparent, giving a fair price mechanism and making space travel affordable.

Token holders can also tap into the DeFi nature of SPJ. Simply holding SPJ tokens in wallets automatically qualifies for staking, giving people not only an increased voting power but potential profits as their SPJ holdings also increase.

Why Space Coin Project?

Today, private space travel is a reality. There are already three private space firms that have put people in the upper regions of the earth’s atmosphere, albeit at a heavy ticket price.

SpaceX recently let people spend three days in space through its Inspiration4 mission. The company has kept the cost per ticket private, but many estimate that it can be as high as $50 million. Virgin’s Spaceplane is considered the cheapest but still carries a whopping $450,000 tag.

With less than 1% of the population who can afford it, the dream of visiting space is still out of the range of ordinary people. The Space Coin Project is making this dream a reality as anyone who takes part in the project, no matter how many SPJ they hold, has a chance to go into space.

Thanks to the Space Coin Project, space is becoming affordable for all.

June 20, 2022
5 Categories Of Investments In 2022

While most people have genuinely not seen sense in early investment, a reward comes with a good investment in the long term. If you start to invest early enough, you have a great future set up for you as soon as you retire.

But, how do you begin making a good investment? What are the essential basics you must know? The first thing to ensure is in order is ensuring your high-interest debt is in control.

It is even essential to ensure that you are debt-free because most of the money you will make in your investments will repay your debts.

Secondly, you must ensure you have an emergency cash fund. Emergency does not knock on anyone’s door, so ensuring there is some money to help you in dire situations is necessary.

Historically, you can see significant investments coming in handy when there is ongoing inflation. The best thing you should know to get through tough times like these is to spread your risks with suitable methods so that your money will move towards an upward trajectory.

Here are the two best categories of investments you can indulge in today for the greatest return. However, it is also essential to know that the stakes could be high and that you are getting into a risky adventure. There is a high chance you may make it big and an equally high opportunity you may lose. Always have the basics before investing.

1. Cryptocurrency

Cryptocurrency is an electronic-only currency whose intention is to trade. Many individuals have preferred Crypto in the last few years, and individuals who have followed this path have made vast amounts of money.

Of all used cryptocurrencies to make investments, Bitcoin happens to be the most widely used. It attracts many traders mainly because of its fluctuating price, which happens occasionally. At the start of 2020, the Bitcoin starting point was $10,000, which was already at $30,000 in 2021.

2022, however, is proving to be a challenging year for cryptocurrency. The prices of most have made tremendous declines. But should this be a reason to ditch Crypto as an investment? No. It should not because cryptocurrencies like Bitcoin still have their all-time highs.

FDIC or any government money-generating agencies do not back the cryptocurrency, so determine what traders are already paying for it before taking it as an investment.

What are the risks of cryptocurrency?

Like any investment, Crypto has its significant share of risks. The greatest known risk is Crypto turning any individual currency into nothingness. There are also risks of being hacked, resulting in you losing high amounts of money you have invested.

2. Forex Exchange

Investing in Forex exchange via hubblebit sounds very exciting. However, it is not something for everyone. One downside about Forex is that there is no proven formula that acts as a guide to helping you make money once your invest. You either gain or lose. Those are the two stakes at hand.

If Forex exchange is something you want to take up, the secret is approaching it as a business. It is imperative to note that it comes in a few days or months. It may take a very long time. If patience does not go well with you, you should check on the advantages of investing in Forex before leaping.

One notable advantage of the Forex exchange is how well it welcomes investors due to its low commissions and fees. Understand what Forex means and learn wise ways of going about it.

There is an advantage to making this investment all the same. You can diversify your portfolio, and it can help you build your forex strategy through news releases, elections, and other current events.

3. Value Stocks

The market has been running up and down in the last couple of years. There has been an evident stretch witnessed in the stock variations. Many investors turn to value stocks against these very heavy market tides as defensive mechanisms.

Why are value stocks an attractive investment point in 2022? When interest rates go up, value stocks tend to do better. The Federal Reserve has also confirmed a rise in rates within the year.

The value stocks have minimal risks. If there is a decline in the market, there is not such a significant negative impact on them. There is a chance of remaining above average, which covers you in case of risks.

4. Real Estate

The absolute truth about real estate is that it has been there long enough and is an excellent long-term investment. To get started, you must be willing to part with an immense amount of money.

If you are well versed in this area, you can be sure of a significant investment. The secret to making vast amounts of money is holding an asset for a substantial time.

Another advantage of real estate is that to start, you can get in touch with your bank if you can show commitment to pay up without fail over time. If you want to be your boss, then real estate is the investment you should consider.

What is the most significant risk? When you borrow a considerable amount of money to venture into real estate, you are in a gambling state. This is because of the uncertainty of how well you will do with this decision.

5. Dividend Stocks

Dividend stocks are proven to be an investment that brings excellent results. A dividend stock pays dividends. These investments are more prevalent among older investors because of their regular income.

The highest risk with dividend stocks is assuming that they won’t fall as much as they rise. However, even with this great challenge, a company focusing on dividend stocks is considered more established and mature than a growth company.

Conclusion

If you must invest in either Crypto or Forex exchange, do it with an open and ready mind that sets you up for the risks and the advantages that come with them.

June 20, 2022
Bitcoin and Ethereum Reject Weekend Lows, SNX Enters Top 100 on 75% Daily Surge
Key takeaways:
- Bitcoin bounced back from the $17.6K weekend low today and reclaimed $20K
- Ethereum followed in the footsteps of BTC and surged by nearly 10% in the last 24 hours
- Synthetix was today’s big gainer, surging into the cryptocurrency top 100 on the tailwind of 75% 24-hour gains
Bitcoin reclaims $20K, Ethereum $1K as the bearish trend is put on hold

During the weekend, the price of Bitcoin dropped below the $18,000 mark and hit a 19-month low of $17,700. Much like Bitcoin, Ethereum and other digital assets also plunged to their respective multi-month lows as the cryptocurrency market cap shrunk to $852 billion.

Bitcoin’s drop below $20K represented a noteworthy juncture as the world’s largest crypto fell below its 2017’s ATH price range of roughly $20K, meaning that whoever bought BTC after December 2020 was in the red on their spot investment.

BTC/USD hit the 19-month low of $17,697 on Sunday.

However, the bottom was quickly rejected and Bitcoin recuperated most of the losses accrued during the weekend’s action on Monday. Bitcoin is trading at $20,800 at press time, up 5.4% for the day. To see how BTC could perform going forward, check our automatically generated Bitcoin price predictions.

ETH/USD hit its yearly low of $897 on Sunday.

Like Bitcoin, Ethereum lost double digits on the weekend and dropped to its lowest point in more than a year. It wasn’t for long though, as the world’s second largest crypto surged back above $1,000 and hit $1,158 at press time, showing a 24-hour change of 9.3%. To see how ETH could perform going forward, check our automatically generated Ethereum price predictions.

Today’s run saw several major tokens surge by double digits – Aave gained roughly 18%, Avalanche 15%, Polygon 13%, and Solana 11%. However, arguably the most successful coin today was Synthetix’s SNX.

Synthetix becomes top 100 market cap asset

Synthetix gained roughly more than 70% today, which pushed it into the group of the 100 largest market cap tokens. SNX hit a cycle high of $3.12 earlier today but retraced to $2.80 by press time.

SNX/USD more than doubled in value in the past 48 hours.

Synthetix is a DeFi network based on Ethereum that lets users access highly liquid synthetic assets called “synths”. Synths are derivatives products that can provide market exposure to a variety of assets. For instance, sBTC tracks the price of Bitcoin, sETH the price of Ethereum, and so on.

Today’s impressive price surge of SNX can be attributed to the overall growth of the platform, which averages $100 million in daily trading volume via Atomic Swap on 1inch and Curve Finance, and high usage on a variety of decentralized futures and options platforms.

It will be interesting to observe whether SNX will manage to retain its market momentum in the coming days. In the meantime, take a look at our Synthetix price predictions for more information.

Buy/Sell SNX
June 20, 2022
HNT is the #2 Coin to Watch for the Week of June 20 – June 26, 2022

Last week the total cryptocurrency market capitalization plunged below $1 trillion for the first time after January 2021 as bearish sentiment affected the trading of almost every major cryptocurrency. Towards the end of the week the cryptocurrency market bled out a few more billions, reaching a total market capitalization of merely $840 billion before slowly recovering back to $940 billion at the end of Week 24. While Bitcoin and Ethereum usually outperform the market average in such conditions, both biggest cryptocurrencies were hit hard by the most recent bear market. Both BTC and ETH dipped below their psychological support levels of $20,000 and $1,000 respectively for a short time and they both incurred weekly losses of almost 30%.

3. WEMIX Token (WEMIX)

Wemix is a blockchain-based Global Gaming Platform developed by Wemade that aims to lead the GameFi revolution. Wemix platform that operates on the Klaytn network allows developers to deploy gaming dApps and supports their development by offering GameFi-specific features. For example, users or players can use wallets to trade both fungible and non-fungible tokens on the platform’s native marketplace. The project’s goal is to develop an exceptional blockchain gaming ecosystem capable of hosting the decentralized games of tomorrow.

Mainnet upgrade and stablecoin announcement make WEMIX more resilient in the current bear market

The price of the WEMIX token has been showing slightly more resiliency than most digital assets during the ongoing bear market. The reason lies primarily in the planned transition to WEMIX3.0, which will include the launch of the WEMIX PLAY gaming platform (scheduled for July 1) and the launch of a new mainnet (scheduled for August 1). In addition, the project plans to onboard various DeFi services including DEXs and lending protocols in Q3 2022. The announced launch of the 100% collateralized stablecoin slated for Q3 2022 has also garnered a lot of attention. You can find more information in the official WEMIX3.0 global showcase:

Buy/Sell WEMIX

In addition to the developments on the technical front, the Wemix team is also putting in a lot of effort to ensure that the platform’s adoption rates do not start stalling. In the last month alone, multiple games including Crypto Ball Z, SpoLive sports prediction game, Four Gods and Every Farm, launched or announced their launch dates on Wemix. At the same time, WEMIX has signed a few strategic investment deals. The project has recently made an investment in Jadu, an U.S.-based augmented reality metaverse start-up, as well as became the leading investor of the Old Fashion Research (OFR) crypto fund.

2. Helium (HNT)

Helium is a project building a decentralized wireless internet infrastructure owned by the people and not telecom conglomerates. This is the reason why Helium’s slogan is “the People’s Network”. Anyone who wishes to contribute to a more connected future can join the decentralized machine network by setting up a wireless network in their city and operating a Helium Hotspot, for which the operators are rewarded in HNT tokens. The People’s Network utilizes two units of exchange: HNT and Data Credits and their circulating supply is determined based on a Burn-and-Mint Equilibrium token model. The Helium blockchain also relies on a special Proof-of-Coverage (PoC) algorithm to verify that Helium hotspots are located where their operators claim. There are currently over 828,000 Helium hotspots deployed worldwide.

Buy/Sell HNT

The implementation of HIP51 will mark the beginning of Helium Chapter 2

The Helium community approved the Helium Improvement Proposal 51 (HIP51), which will enable wireless networks such as 5G, WiFi, and VPN to join the Helium ecosystem, boosting the coverage and overall value of the Helium network. In addition, Helium 5G Hotspot bundle owners will receive a reward in the form of MOBILE tokens for helping grow the Helium 5G network as part of the campaign called the “Cellular Summer”. In late summer – after the MOBILE Genesis phase, 5G Hotspot bundle owners will also start earning MOBILE based on the 5G proof-of-coverage process and Data Credits based on the data transferred by their hotspot. Existing LoRaWAN miners will begin earning a new token, called IOT.

With the approval of HIP 51, @helium is growing to support new networks! Starting with #5G, Hotspot owners will be rewarded with $MOBILE for building coverage this #cellularsummer ☀️.

Learn how you can get a Helium 5G Hotspot and get ready to earn: https://t.co/5yitKS3EWK pic.twitter.com/WhHYFBsSPJ
— Helium🎈 (@helium) June 15, 2022

While the Helium 5G network is currently limited to U.S., the developments around it and the HIP51 were enough to make HNT the most profitable coin to hold last week. While many major cryptocurrencies lost more than 30% of their value, HNT ended the week with an over 22% gain. In addition, almost 97% of the HNT holders that voted expressed support for HIP51 in the governance vote. With the implementation of HIP51 Helium is slated to become the network of networks and expand far beyond the original Internet of Things (IoT) use case, which is why the developers are saying that HIP51 is the beginning of the so-called Helium Chapter 2.

1. Bitcoin (BTC)

Although we believe Bitcoin does not need much introduction and that all eyes would be on it even if it were not featured on our list, here is a short summary of the history and key characteristics of the first truly decentralized digital currency. The world’s pioneer cryptocurrency was launched by pseudonymous figure named Satoshi Nakamoto in 2009 and has a capped supply of 21 million coins. The decreasing miner block rewards makes the cryptocurrency scarcer with time, ensuring a deflationary nature. Bitcoin is also often referred to as the barometer of the cryptocurrency market as other assets usually follow BTC’s price performance.

Buy/Sell BTC

BTC trades below the 200-week SMA, which has historically been an important support level

Last week BTC dropped below the psychological support at $20,000. While $20,000 indeed acted as one of the major support levels as well, the BTC price plunged also through a historically much more important 200-week SMA (Simple Moving Average). Indeed, Bitcoin traded near the 200-week SMA only a few times in its history and it almost always bounced up from this notorious support line. But will BTC succeed to recover this time, too? The conditions are very challenging and the fact that the BTC exchange inflows reach the highest levels since 2018 are not giving Bitcoin believers much hope that $18,000 was the bottom. In addition, exchange inflows suggest that older coins are on the move, indicating that some of the long-term holders have also decided to sell their BTC. It could be due to the fact that Bitcoin is still considered a risk-on asset by most people, and many investors are lowering their risk tolerance in this uncertain times. Furthermore, the inflation for consumer prices is at a 40-year high, which is why the Federal Reserve decided to battle the raging prices by raising interest rates by a 0.75%. While both ETH and BTC experienced a short-lived rally following the interest rate hike announcement, the intensive sell pressure quickly returned to the market and dragged it even lower. To conclude, BTC is still the crypto sector’s barometer and its performance in these unprecedented conditions will very likely affect the broader cryptocurrency market. This alone is a good enough reason to follow BTC’s price movements closely.

June 20, 2022
Gaming’s Seamless Shift from Web 2.0 to Web 3.0 with G-Link
GameFi is about to take off

Traditional gaming is a large but plateauing industry, plagued by legacy problems — in contrast, blockchain gaming is a sunrise industry with exponential growth potential. The number of daily Unique Active Wallets (UAW) interacting with game-related smart contracts shot to 1.3 million as of end 2021, up from 28,000 as of end 2020, representing a 4642% year-on-year rapid increase in adoption. Given that the traditional gaming industry is estimated to have around 3.2 billion gamers globally, blockchain gaming has only captured approximately 0.04% of the available players who generated US$178.37 billion in traditional gaming revenue in 2021.

Portal into Web 3.0 gaming

G-Link is designed to be the Web 3.0 games ‘app store’, ideally positioned to give the global 2.7 billion traditional mobile gamers a smooth and enjoyable experience in blockchain gaming. G-Link makes it hassle-free to begin playing games on the blockchain, by offering a familiar and simple Web 2.0 account registration to get started. Connecting gamers, game developers and investors, G-Link will be the go-to platform for Web 2.0 users who want the best of both webs — earning while playing fun casual to mid-core games.

To start it off, G-Link will be publishing 4 P2E mobile games in 2022: Racetrack game Kartopia; strategy-based collectible card game Card Master; simulation kingdom-building game SPE Colony; arcade game Coin Fishing Frenzy. On top of that, G-Link is in talks with over 10 studios to bring a diverse range of games to the platform. With an ever-expanding gameverse where mobile gamers will be spoilt for choice, the G-Link platform is built for flexibly exploring new games.

The comprehensive platform includes features designed to address Web 3.0 gaming’s most prevalent and fundamental problems. Specifically, the GLINK platform token enables higher throughput and lower gas fees, which are critical infrastructures for improving the element of interactivity in gameplay mechanics. GLINK also provides cross-chain and cross-game liquidity, such that gamers can easily switch between games and securely exchange assets. Meanwhile, the GameFi incubator and NFT marketplace support smaller game developers with funding and resources, thereby encouraging open innovation.

Investors can reap passive returns from the sunrise blockchain gaming industry without being a gamer themselves, through several avenues on G-Link’s platform. This includes holding G-Link’s Chief Toad NFTs, GLINK tokens, staking, becoming a virtual landlord, and backing projects via the incubator. GLINK holders can earn up to a higher APR of 1.8-200% with locked staking of 3 different durations, or retain liquidity with the flexible staking option to earn up to 1-2.8% APR.

VIP entry into G-Link’s platform: Chief Toad

Being the genesis collection, Chief Toad NFT holders are given VIP membership access into G-Link’s gameverse platform. The utilities of Chief Toad include the privilege to create guilds in the gameverse, gain early access to games in beta and sales of virtual land, higher in-game earnings and priority access to the GLINK token IDO whitelist.

Those who want to get in early to the G-Link platform should mint their own Chief Toad. The Chief Toad NFT collection’s mint date falls from 5-7 July 2022. A total supply of 10,000 is available, at 0.08-0.1ETH.

Further details on how to mint can be found here: https://www.chieftoad.com/

G-Link’s IDO: GLINK token

G-Link’s Initial DEX Offering (IDO) for its platform GLINK token will be happening in August 2022. The GLINK token has a total supply of 1 billion tokens and uses the ERC-20 standard.

All transactions on G-Link’s platform will be facilitated by the GLINK token:
1. GSwap – Seamlessly trade between in-game currencies
2. Provide seed investment to back your dream game
3. DAO voting rights
4. Staking in liquidity pool
5. Purchase of in-game assets, NFTs and virtual lands
Chief Toad NFT owners will have advantages in the form of a higher percentage of airdrops and guaranteed whitelists for the GLINK token pre-sale.

For updates and announcements about the GLINK IDO: https://t.me/glinkgroup

About G-Link

G-Link is building the ecosystem that links the gaming community of gamers, game developers and investors. With the GLINK token enabling a gameverse of fun blockchain games, games incubator, NFT marketplace and the GSwap trading network, G-Link aims to bring Web 2.0 users to Web 3.0, through mobile gaming. For more information, visit https://glink.games/ or follow us @glinkgames.

About Chief Toad

Chief Toad is G-Link’s utility-first genesis NFT collection, which acts as a VIP membership into G-Link’s gameverse. For more information, visit https://chieftoad.com/ or follow us on Twitter and Instagram @chieftoadnft. Join the community on Discord now: https://discord.gg/chieftoad
June 19, 2022