Introducing the next generation of their Crypto Payment Solution – PumaPay V3.0.
This major update is a redesign of the whole payment system. It is now more efficient, flexible, and adaptable with new features.
Currently, in alpha, they continue to test and improve the system with the aim to deploy it on mainnet within the coming weeks.
PumaPay is the first DeFi payment protocol to facilitate subscription payments and other advanced billing models. PumaPay democratizes payments and provides a solution that is permissionless and frictionless.
What V3.0 entails:
The entire protocol has migrated to the BNB chain (Binance Smart Chain) – This means higher transaction throughput, faster transaction confirmation, and reduced gas fees.
The protocol is a Web3.0 application – Allowing both merchants and users to interact with the protocol through their browser via browser-based blockchain wallets such as MetaMask or the Binance wallet
Support for multiple tokens – a major improvement of the protocol is the support of multiple tokens. Previously, users had to have a balance of PMA tokens available in their wallet, and merchants were required to accept the PMA token as the sole means of payment. V3.0 Introduces support for multiple tokens on the BNB chain. Moreover, the Protocol was redesigned such that merchants and users are agnostic to each other’s choice of currency while keeping the PMA as the sole means of value transfer over the PumaPay pull payment protocol.
Integrated with AMM for automatic swaps – The multiple tokens support is achieved through integration with AMM (liquidity pools) for automatic swaps too and from the PMA token.
Web-based wallet – PumaPay V3.0 is a web3 application meaning the entire interaction with the blockchain is done through the protocol via the use of supported wallets i.e. MetaMask. As such, the PumaPay mobile wallet app is no longer required for using the protocol and is planned to be discontinued.
Decentralization of the backend – they have migrated a lot of logic to an Executor Node (the service that is responsible for executing recurring payments); For the time being, they are operating the executor node with the aim in the future to allow other entities to run their own executor node as well.
Ecommerce plugin (coming soon) – the first PumaPay plugin for WooCommerce is being finalized making crypto payments available for millions of WordPress business owners. We aim to introduce more plugins for other popular platforms as well.
PumaPay is the only blockchain payment protocol that supports subscriptions and other advanced billing models. V3.0 brings it up to speed with the most advanced developments in the blockchain field. To stay up to date with the relevant announcements and updates, please ensure you join PumaPay’s Social channels.
Aspiring artists, esteemed collectors, and NFT junkies – it’s time to let your ego shine! EGO.com – a decentralized creative realm for artists and collectors – is going LIVE on May 25.
Led by a team of artists, art dealers, and DeFi professionals, EGO.com is harnessing the power of Non-Fungible Token (NFT) technology to bring about the ‘Digital Renaissance’. EGO.com values the enormous intrinsic utility of NFTs and was created to ensure that artists and collectors make the most of their digital assets. The project is entering an early private sale stage and here are the key points why you should consider EGO.com to be your destination for Cardano NFTs.
Although some still believe that NFTs are just “JPEGs with bragging rights”, the world is rapidly transitioning to an all-digital experience. The ability to reliably certify the true authenticity of artwork in a world of otherwise frictionless copy and dissemination is a true game-changer. NFTs harbor enormous potential to radically reshape the trajectory of modern art, giving credit where it is due.
EGO.com decentralized ecosystem is here to facilitate that transition, providing professional, 360° degree support for all of your NFT needs. Artists can show off their prowess by minting NFTs of their artwork. Collectors can earn rewards from staking their Cardano-based NFT collections. Investors can hedge against short-term price fluctuations in style.
Built on the backbone of Plutus smart contracts, the EGO.com ecosystem is completely non-custodial and fully decentralized. Whether you are engaging with the innovative NFT marketplace, minting or staking NFTs, or participating in the NFT Launchpad, Royalty Program – EGO.com only acts as an interface. Instead, patrons and their favored artists are connected directly, ensuring a smooth and frictionless experience.
Private sale
Prior to going public, EGO.com is hosting an exclusive private sale from May 25 to June 15. For a chance to participate, please visit the official site. Subject to availability. Terms & Conditions apply.
Fireblocks, the leading digital asset and crypto infrastructure platform, has added support for TRX and all TRC20-based tokens of the TRON DAO blockchain on its institutionally-focused digital asset platform today.
With one of the largest and most active communities, remarkably low transaction fees, and high scalability, TRON is the Top #3 blockchain and one of the most popular layer 1 DAOs in the industry. Within the first 72 hours of Fireblocks’ Early Access Program enabling clients to receive TRON functionality, Fireblocks saw $35 million of transaction volume.
Fireblocks currently supports more than 1,100 tokens and over 35 protocols. To date, Fireblocks customers have amassed $45 billion assets under custody on the platform, which institutions have used to secure over $2.5 trillion in digital asset transfers. Today’s announcement follows a recent surge of new assets added to the platform as it expands institutional DeFi access.
More than 1,200 liquidity partners, trading venues, and counterparties on the Fireblocks Network can now securely and smoothly send, receive, or custody TRX and other TRC20 tokens using TRON DAO’s platform.
“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. We’re excited to be able to make these tokens available to our enterprise customers and look forward to supporting the ecosystem’s continued growth,” said Michael Shaulov, CEO & Co-founder of Fireblocks.
“TRON was built with the core mission of making blockchain technology accessible, whether it be for users, developers or investors,” said H.E. Justin Sun, Founder of TRON. “It is exciting to see TRON DAO continue to grow and see the institutional community get involved with partnerships with industry leaders like Fireblocks.”
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 85 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $10 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.
Are you looking for new investment opportunities to expand your portfolio? If so, consider adding RoboApe (RBA), Cosmos (ATOM), and Elrond (EGLD) to your list. These cryptocurrencies are on the rise, and they offer great growth potential. Keep reading to learn more about each of them and why they could be wise investment choices for you.
Play and Gain with RoboApe (RBA)
In 2021, NFT concepts entered our lives and attracted much more attention than expected. Before that time, almost none of the NFT and meme projects had shown significant breakthroughs. In addition, some meme coins with no purpose other than being an inside joke for the cryptocurrency community have trouble being mainstream. RoboApe (RBA) is a project that has come to the fore to solve this.
RoboApe (RBA) aims to synchronise memes and NFTs with each other. The native token of the platform, which will be established in the ecosystem, has been named RBA. Since the ecosystem will also include an NFT printing tool, users will be able to implement any project they wish and have their own NFTs.
Since an NFT Marketplace will also be opened on the platform, all printed NFTs will be displayed here. All users will be able to benefit from these services. In addition, the native token RBA will be used for NFT issuance and trading.
The presale RBA token has started with high expectations. Immediately after the presale, the RBA token will not only be used in the ecosystem but will also step into exchange markets. RoboApe executives run this initiative. NFT-based games will also be released at specific turning points within the ecosystem. In this way, users who are already trying to earn by staking will be able to fill their safes by playing games.
It is worth noting that all managers and developers are highly skilled and have long-term experience in their fields. In addition to those who work for the platform, ideas are exchanged with people and institutions that have contributed to the sector.
Pay Efficiently with Cosmos (ATOM)
Cosmos (ATOM) is a cryptocurrency that was created to be a digital payment system. At the time of writing, Cosmos has a market value of $3.2 billion and is ranked 27th in the list of cryptocurrencies by market capitalization.
Cosmos (ATOM) is different from other cryptocurrencies in that it uses the Byzantine Fault Tolerance consensus algorithm instead of Proof-of-Work (PoW) or Proof-of-Stake (PoS). This consensus algorithm is designed to improve upon the scalability and security issues that have plagued other cryptocurrencies.
In addition, Cosmos (ATOM) utilises a decentralised exchange called the Inter-Blockchain Communication Protocol to facilitate transactions between different blockchain networks. As a result, Cosmos has the potential to become the go-to platform for conducting cross-chain transactions.
Experience Astonishing Properties with Elrond (EGLD)
Elrond (EGLD) is a new blockchain platform that promises to bring scalabilityand efficiency to the world of cryptocurrency. Based on a novel sharding method, Elrond (EGLD) is designed to handle millions of transactions per second with nominal fees.
The native token of the Elrond network, EGLD, is currently ranked in the top 50 cryptocurrencies by market value. The Elrond (EGLD) network promises a scalable and user-friendly solution for the blockchain industry.
RoboApe (RBA) is an excellent investment for anyone looking to expand their portfolio. With its low price and potential for growth, it’s hard to go wrong with RoboApe (RBA).
Recently launched NFT trading platform Golom has announced its genesis period from 25th May until 25th of June 2022 followed by an Airdrop.
Created by a group of NFT traders and developers, the new platform is set to offer a flat trading fee of 0.5% on the transactions.100% of the trading fee goes to the stakers with a curve-like staking mechanism. It also allows users to decide what royalty they want to pay. For example, they can pay more royalties if they like the progress of the project.
According to Golom’s Twitter announcement, Golom offers a permission-less base protocol to the Ethereum ecosystem that promotes decentralisation. The order books are made publicly available on the Polygon blockchain. Unlike other gated exchanges which can stop trading anytime, on Golom protocol users can submit and fulfill orders without using any frontend as well. Golom protocol also allows other exchanges/front-ends to plug into the common liquidity pool using a public indexer on polygon and start earning GOLOM rewards.
Pro Analytical Trading Tools
The first exchange to use Golom protocol is Golom.io which also offers analytical tools such as collection analysis, trait analysis, rarity check, and portfolio analysis among other features which are missing from key exchanges such as Opensea. These tools will help traders analyse NFT collections and individual NFTs efficiently and help them make better choices.
One of the unique features of golom.io is portfolio analysis, users can just put their wallet address and see their portfolio NFTs and the wallet P&L in a single click. Users with multiple cold/hot wallets can also link all their wallets to see their aggregated P&L.
Rewards
Golom has a unique community rewards mechanism. There is no token sale or allocation to the founding team or to any VCs. Out of the total GOLOM tokens, 15% tokens will be airdropped to NFT traders based on their historical volume, 5% will be given to initial traders during the genesis period and 10% will go to the project’s treasury while the remaining 70% tokens will be allocated to the users who trade or stake.
Besides inflationary GOLOM token rewards to stakers which will prevent them from being diluted by the emissions,stakers will also earn 100% of the platform fee. Traders and other exchanges (who will use Golom protocol) will earn a percentage of emissions once stakers are compensated.
About Golom
Golom is founded by pseudonymous LOTR theme-based NFT traders and developers spread across the globe with a mission to provide a decentralized NFT Trading platform to the NFT community.
KuCoin Token (KCS) was launched in 2017 as a utility token that allows traders to derive value from the KuCoin exchange. Five years down the line, the digital currency has become an attractive investment vehicle.
Are you considering investing in KuCoin’s exchange token? It is essential that you know the token properly and understand its place in the cryptocurrency market before venturing further.
So, what is KuCoin? What is KuCoin used for? What Makes KuCoin unique? We will answer these and other questions to help you gain a better understanding of what the token stands for, as well as how reliable it is as an investment vehicle.
What Is KuCoin Token (KCS)?
KuCoin Token is the native token of KuCoin, a cryptocurrency exchange headquartered in Seychelles. Also referred to as KCS, the KuCoin token is an ERC-20 token based on the Ethereum blockchain, compatible with several Ethereum wallets.
As the native currency of the KuCoin exchange, KCS serves as both the utility token and governance token of the platform. It powers all the products and services offered throughout the KuCoin ecosystem, including the recently launched KuCoin Community Chain (KCC).
KuCoin is a unique digital currency. It was the bedrock of the KuCoin exchange when it was launched in 2017 and it has powered the creation of several other products and services within its network. KuCoin is highly respected by investors because it grants holders dividend-like rewards. It is one of the best digital coins for individuals who want to earn passive income in cryptos.
Before we delve further into what makes KuCoin (KCS) a unique, useful, and attractive coin, it is important that we look at its history.
The origins of KuCoin date back to the early 2010s, when Michael Gan (CEO) and Eric Don (COO), two coding enthusiasts and early blockchain adopters, realized the revolutionary potential of Bitcoin and the broader implications of a decentralized financial system. Gan, who started coding at the early age of 8 and founded his first startup before turning 17, was surprised at the complexity of buying and selling BTC at Mt. Gox, the largest digital asset trading platform in crypto’s early days. Gan and his boss at the time, Eric Don, joined forces to create a platform that would make digital currencies accessible to more people and facilitate the transition to a new and equitable financial system. The pair produced the first lines of code of the KuCoin platform by the end of 2013, thus beginning the journey of the People’s Exchange.
Though work on the KuCoin platform started in 2013, it took the team 4 years to come up with a satisfactory and optimized version that went live in 2017.
To power the new exchange and advance its development, the KuCoin token (KCS) was launched through an Initial Coin Offering (ICO). The successful ICO saw the KuCoin team raise as much as $20 million in funds for the project.
KCS has been trading on major exchanges since the last quarter of 2017. It was initially designed to have a total supply of 200 million coins, but the team carried out a planned buyback and burning of the tokens to introduce deflationary pressure on the value of the token, similar to what Binance does with its periodical and real-time BNB burns. Initially, this was done quarterly but the team now burns KCS monthly.
What Makes KuCoin Token Unique?
There are thousands of cryptocurrencies at the moment. Uniqueness is one of the factors that distinguish the best digital coins from the average ones. KuCoin token (KCS) is unique in many ways.
As hinted earlier, KCS offers users opportunities to earn passive income. Through its unique incentive mechanism, KCS Bonus, KuCoin rewards KCS holders and ecosystem builders handsomely. Users only need to hold more than 6 KCS to receive daily dividends drawn from around 50% of daily trading fee revenue. The amount of reward invariably depends on the amount of KCS the user holds.
KCS also offers users trading fees discounts. However, this is available to users who hold at least 1000 KCS or more. 1000 KCS will get users a 1% discount while the maximum possible discount is 30%, which requires a minimum of 30,000 KCS.
KCS Burn – What Does It Mean?
KuCoin employs what is known as a deflationary mechanism to keep the price of KCS stable. This practice involves burning some amount of KCS from time to time to keep the circulatory supply in check. The KuCoin team buys back KCS with about 10% of the net profit.
In the past, the quarterly trading volume determined the amount of KuCoin tokens to be burned every quarter. Now, the monthly trading volume is used for estimating the amount to be burned per month. This keeps the KCS’s circulatory supply in check. It is expected that supply will keep decreasing until it eventually settles at 100 million KCS.
What Is KuCoin Token (KCS) Used For?
KuCoin token (KCS) has several Web3 and DeFi-rekated use cases. We will briefly discuss each of the major use cases individually in the sections below.
Utility Token
As stated already, KCS is a utility token. That implies that it has a number of use cases within the KuCoin ecosystem. It is primarily used to pay trading fees on the KuCoin exchange. The best part of making use of the coin on the exchange is that it qualifies users to enjoy discounts.
KCS is also the native digital currency of KuCoin Community Chain, which was launched in 2021. As the utility token of the ecosystem, it allows people to participate in token sales on the KuCoin Spotlight platform. It is also the key to participating in LockDrop/BurningDrop, which is a new Launchpool product on the Pool-X platform.
DeFi and Web3 Applications
KuCoin started as a normal crypto exchange but has expanded so much in just about five years. The launch of the KCC mainnet opened up several opportunities, and the KCS team is making the best use of these opportunities.
KCC is compatible with EVM and ERC-20 smart contracts. It offers high speed and low transaction costs, thanks to the use of the Proof of Staked Authority (PoSA) consensus mechanism. It is used to settle gas fees within the network, opening up opportunities for DeFi users to create and launch projects at cheaper costs.
KuCoin promotes decentralization and has become a notable promoter of the Web 3 concept. Already, the entire ecosystem integrates numerous web-3 technologies to offer more freedom and control to internet users, which is the ideal of Web 3.
It is important to also note at this point that KuCoin is working on Decentralized Identifiers (DIDs) to enable decentralized and verifiable digital identity. The team is also working hard on NFT ownership and management as well as metaverse-related projects.
Investment Vehicle
Like other cryptocurrencies, the KuCoin token (KCS) is used as an investment vehicle. This simply means that individuals can trade the digital currency for profits.
KCS is a volatile asset, which means its price rises and falls from time to time. Crypto traders can buy KCS as a digital asset and sell it when the condition is favorable. Generally, traders aim to buy when the price is low and sell when the price is higher.
Considering its price history, KCS has been an incredible investment vehicle. The ICO price was around $0.258803 but the price at the time of writing this piece was 14.29. The coin had previously reached an all-time high price of $28.83 per token.
Anyone can trade or invest in KuCoin tokens. It is ideal for both day-traders and HODLers.
Global Payment Solution
The KuCoin token is also widely used for payment purposes within its ecosystem and compatible blockchain networks. Some of its other prominent use cases include the following:
It can be used to make hotel reservations on the leading blockchain travel booking platform, Travala
It can be used on SwirlPay, a decentralized payment service
It can be used on Print-ted to buy fashionable products
It can be used on Splinterlands to purchase monster card packs
It is used as the major token on BetProtocol
KCS can be used for gaming on PlayGame, a direct-to-play blockchain gaming platform
KCS can be used as collateral on Constant for loan purposes
It can be used to make payments on CoinPayments, an excellent online payment platform
It can be used via Pundi X for different online and offline payment scenarios.
Final Thoughts
KuCoin is on the verge of building one of the most successful community-oriented ecosystems in the blockchain industry. KCS, the native currency of both the KuCoin crypto exchange and the KCC community, now serves as a bridge between the centralized and decentralized worlds. It is also serving as a gateway to the worlds of DeFi and NFTs.
From all we’ve discussed so far, you can tell that the KuCoin token (KCS) is not just another digital currency out there. It is an exceptional ERC-20 token with multiple use-cases and huge potential. Considering the fact that KuCoin is evolving in an interesting manner, the future of KCS looks really bright. It is not only looking like a profitable investment but also a gateway to what the metaverse will offer in the future.
eBay has entered a strategic partnership with Web3 technology firm OneOf for the launch of a series of NFT collections
eBay’s first-ever NFTs will feature digital representations of prominent athletes that were featured on Sports Illustrated covers over the years
The first collection that dropped on eBay on Monday features Wayne Gretzky, widely considered to be the greatest hockey player in the history of the NHL
The collection features legendary athletes that appeared on Sports Illustrated covers over the years
Leading digital marketplace eBay has announced a series of sports-inspired non-fungible token (NFT) collections in partnership with green energy-oriented blockchain firm OneOf. The first collection features hockey’s all-time great Wayne Gretzky, the leading goal scorer, assist producer, and point scorer in NHL history.
Speaking about being the face of the eBay’s first-ever NFT collection, Gretzky said:
“Forty years ago, I was grateful to be on the cover of Sports Illustrated, it was a monumental moment in my life. I’m honored to bring this collectible experience to my hockey fans who have followed my career for decades.”
According to a press release, the most common digital collectibles start at just $10 for the Green tier and can reach as high as $1,500 for the rarest Diamond tier items. It is worth noting that the most expensive and scarcest digital representations of Gretzky have been sold out in the first 24 hours upon listing, showcasing the community’s interest in owning a piece of memorabilia from the illustrious career of “the Great One”.
All 15 editions of the Diamond tier Gretzky NFTs have been sold out on the first day upon listing, for $1,500 a piece. Image source: eBay
OneOf, the Web3 company working with eBay on the launch of a series of unique sports collectibles, stated that the partnership with the commerce giant will expand the availability of NFTs to “non-crypto-native consumers” thanks to the marketplace’s “user-friendly experience” and a user base of over 140 million buyers and sellers.
In March, eBay’s CEO Jamie Iannone hinted at the possibility that the digital commerce company might soon be starting to accept crypto payments to appeal to Gen-Z users. At the time, the CEO also said that eBay is a marketplace for various types of goods, digital or physical, which led to speculation of a possible official NFT announcement in the near future. Now, only two months later, one of the world’s largest marketplaces launched its first NFT collection, proving earlier speculations to be correct.
Last week’s movements on the cryptocurrency markets could be described as the calm after the storm. After the crypto market bled out more than $250 billion from its total capitalization the week before, the price movements remained rather undramatic last week. Although Bitcoin and Ethereum recovered by a few percent last week the total crypto market capitalization remained virtually the same throughout last week and stood at $1.34 trillion at the beginning of week 21. While we do hope that this week will bring some more exciting moves, we surely don’t want the bloodbath week 20 type of exciting. Anyhow, you can never go wrong by throwing an eye on our Top 3 Coins to Watch selection.
3. Maker (MKR)
Maker Protocol was one of the earliest projects on Ethereum and remains the cornerstone of Ethereum’s decentralized finance 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.
Maker Protocol benefits from the UST and LUNA fiasco
MKR has recently demonstrated some interesting price action, which included a surge from $1000 levels to above $1800 between May 9 and May 12. While the token has since retraced back to around $1400, Maker Protocol still enjoys renewed attention from the crypto community. Interestingly, the reason for MKR’s recent success can be found in Terra’s lack of success. As it appears, Maker’s algorithmic stablecoin Dai has emerged as one of the best alternatives following the recent collapse of the Terra ecosystem, which included the implosion of both LUNA and UST markets. As UST holders (at least those who managed to escape with only moderate losses) liquidated their (un)stablecoin holdings they went on the lookout for a more reliable stable cryptocurrency. Judging by the growing market capitalization of DAI, the longest-running decentralized stablecoin convinced many investors. As a result, DAI climbed from 22nd to 16th place on the list of cryptocurrencies by market cap and MKR performed better than most other digital currencies during the recent market pullback. Can Maker Protocol harness the potentials of the revived attention to steal even more of the stablecoin market share and benefit in the longer run?
2. Polygon (MATIC)
Polygon, previously known as Matic Network, is a leading Ethereum Layer 2 scaling solution. The Polygon Layer 2 network consists of several simultaneously run proof-of-stake sidechains that regularly push the data to Ethereum to create network checkpoints. The protocol also aims to deliver supersonic speeds and throughput by utilizing a modified version of Plasma. Together with several other features and tweaks, Polygon provides a major scalability improvement to the biggest smart contract blockchain. By successfully overcoming Ethereum’s most limiting shortcomings Polygon has become attractive for DeFi projects and is establishing itself as one of the key DeFi networks.
Polygon and L3 Network Orbs launch a new DeFi accelerator program
According to a recently published announcement, Polygon has partnered with Orbs, a Layer 3 scaling solution, to launch a new DeFi accelerator program on DeFi.org accelerator platform. While the primary goal of the new accelerator is to help DeFi projects building on Polygon, DeFi.org team stated that projects utilizing both Polygon’s Layer 2 and Orbs’ Layer 3 infrastructure will receive special consideration. DeFi.org will offer several benefits to chosen projects, ranging far beyond funding. Developers of the accepted projects will get access to mentorship and exposure to large communities through listings on DeFi.org’s official website and other popular platforms. In addition, DeFi.org will provide supplementary liquidity injections to the best and most innovative projects. Although the total value of funds available for the program has not been revealed it is clear that the accelerator can only increase the number of DeFi projects deployed on Polygon and Orbs. On top of that, Aave launched the Lens Protocol, another project that could help boost Polygon adoption, on Wednesday, May 18. The Lens Protocol seeks to revolutionize the social networking sector by helping developers build social media dApps on the Polygon blockchain.
In contrast with traditional centralized social networks, Lens lets users own their content by storing it as NFTs stored in their crypto wallets. In addition, the protocol is open-source, censorship-resistant, and can connect with any number of other Polygon apps or services. Do you also think this can sprout innovation and deployment of new dApps on Polygon?
1. Near Protocol (NEAR)
Near is a highly scalable and developer friendly Layer 1 proof-of-stake blockchain competing with Ethereum, Solana and similar networks. The company behind Near Protocol claims that you can create simple decentralized apps (dApps) on Near in just five minutes. In addition, Near Protocol utilizes Nightshade sharding mechanism, which allows the network to perform up to 100,000 transactions per second. However, there are currently not many decentralized applications deployed on its ecosystem. According to DeFi Llama, the total vale locked (TVL) in 7 protocols running directly on Near is only $480 million. Combined with Aurora, the Ethereum Virtual Machine (EVM) running on the Near Protocol blockchain, the Near ecosystem has a TVL of $900 million.
Pocket Network deployed to Near Protocol, Near ups its NFT game
There are several developments that make NEAR our top coin to watch in Week 21. Firstly, the representatives of Pocket Network, a relay infrastructure middleware protocol has recently added support for Near Protocol. This is big news, as it allows Near native developers to deploy their dApps on more than 50 blockchains supported by the Pocket Network, including Ethereum, Solana, Fuse, Avalanche, Harmony, and Polygon. The integration with this multichain connectivity tool will bring faster app deployment times as well as more traffic and liquidity for protocols that decide to venture beyond the Near chain. At the same time, the Near team putting in a lot of work to enhance its NFT offering, as they believe the significantly cheaper Near Protocol can make NFTs more accessible to the masses. In fact, the project’s team will host a panel discussion about NFTs in the Near ecosystem at this month’s Near Town Hall Meeting. Nevertheless, the debate will not be exclusively about NFTs as important changes to the network, such as the changes to the block validation process, will be announced as well. If you want to be among the first to hear the announced changes, you can take part in the Near’s May Town Hall event that will take place on May 26, 2022, 5:00 PM GMT by registering here.
Social trading platform BingX is pleased to launch its USDC-margined perpetual swap. This new product will allow users to trade using their USDC balance on BingX’s derivatives exchange.
Using Bitcoin as an example, traders will be able to place an order based on the quantity of bitcoin and trade with USDC. This new perpetual swap joins other existing offerings on BingX’s trading platform.
“Given the current circumstances, everyone is worried about the volatility of the USDT so it is only fitting that we adjust accordingly to meet the changes and market demands. Over the past week, we’ve been listening to the cries of users and have sought to answer their prayers by launching our USDC-margined perpetual swap, which is relatively more reliable and trusted. BingX will continue to add more value through its new innovative products” said Elvisco Carrington, Global Communications & PR Director at BingX.
Most recently, BingX also launched a financial product that allows traders to invest in a project for a short-term period of 7-days (in USDT), which was very well-received. There will be a second project coming soon and it could very well be in USDC. Stay tuned as BingX will be launching more diversified products and services.
About BingX
Founded in 2018, BingX has grown to become the world’s leading social trading platform offering popular coins such asLEND,EGCC,ORN,FUD, andHAMTARO. It is a global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric, and open ecosystem with intuitive social trading features to enrich the entire cryptocurrency industry. In the countries and regions where BingX operates, it has registered or obtained financial services licenses recognized and regulated by local governments.
