CoinCheckup

Blog

  • SunSwap V2.0 Goes Live, Introducing One-Click Liquidity Migration

    SunSwap V2.0 Goes Live, Introducing One-Click Liquidity Migration

    Singapore, Singapore, 21st December, 2021,

    SunSwap, created by SUN.io after it acquired JustSwap and underwent an all-around rebranding, is the largest decentralized exchange (DEX) on TRON. By integrating the advantages of both JustSwap and SUN.io, SUNSwap is TRO N’s leapfrog innovation in the DeFi field, featuring on-chain token swap, liquidity mining, stablecoin conversion, staking, and platform governance. 

    Dedicated to the sustainable development of the SunSwap platform and the delivery of benefits derived from its growth to a wider community, SunSwap V2.0 is now live, with a sweeping upgrade based on V1.0. The details of the upgrade are as follows: 

    1. One-click liquidity migration feature is now added, allowing users to migrate their liquidity from V1.0 and V1.5 to V2.0 hands down;

    2. Users can now add liquidity to trading pairs of any two TRC20 tokens;  

    3. A new routing protocol that supports the optimal swap path is added, removing the need to use TRX as an intermediary;

    4. The user interfaces for Swap, LP Pools, Scan, and other modules are improved.  

    Putting its mind to long-term value creation and better user experience, SunSwap makes sustained efforts to upgrade its products based on users’ needs. SunSwap V2.0 features improved functionality and experience, among others, delivering convenience, optimal paths, low handling fees, and other benefits to users. This is of great significance to SunSwap, TRON’s public chain, the whole DeFi field, and even the broader blockchain industry. 

    Since its launch, SunSwap has won wide acclaim among its users with a TVL of over $1.8 billion, a 24-hour trading volume of more than $100 million, and industry-leading returns on liquidity mining, topping the list of DEX projects rolled out by various public chains. 

    An ecosystem will thrive only when it provides better user service, and we are confident that SunSwap V2.0 will surely deliver a more efficient and friendlier user experience. Coupled with the integration of the decentralized cross-chain bridge BTTC in the near future, SunSwap will make “connecting all chains” a reality. Besides, SunSwap aspires to become the largest and most comprehensive decentralized exchange in the industry, powering the sustained growth of DeFi. 

    About SunSwap

    SunSwap is a TRON-based protocol for swapping TRC20 tokens. It allows easy swaps between any two TRC20 tokens at system-determined prices. All handling fees collected will directly go to liquidity providers of the protocol without reservations for the protocol itself. This ensures full decentralization and security.

    Contacts
    • Sybil Guo
    • service@sun.io
  • Highstreet (HIGH), an MMORPG Metaverse, is the Latest Project Featured on Binance Launchpool

    Highstreet (HIGH), an MMORPG Metaverse, is the Latest Project Featured on Binance Launchpool

    Key highlights

    • Highstreet, an open-world blockchain-powered metaverse, is the latest project featured on Binance Launchpool
    • Binance users can stake their BNB or BNB holdings to farm the native HIGH token rewards
    • There are a total of 1 million HIGH tokens allocated for Binance Launchpool users

    Earn HIGH by staking BUSD and BNB, the farming period ends January 16, 2022

    Binance, the world’s largest digital asset exchange, has introduced Highstreet (HIGH) on its Launchpool platform. Binance users will have the opportunity to stake their Binance USD (BUSD) and Binance Coin (BNB) funds and earn staking rewards in HIGH tokens. The farming period ends on January 16, 2022.

    Create Binance Account

    Highstreet is an open-world metaverse that combines MMORPG elements with play-to-earn (P2E) mechanics, allowing players to collect and trade in-game non-fungible tokens (NFTs).

    HIGH token holders can participate in the governance process of the Highstreet platform and access special in-game areas, buy limited edition gaming items and participate in exclusive community events.

    The Highstreet team aims to provide a seamless experience no matter which players decide to game on. The metaverse will be accessible to both mobile and desktop users, albeit with different feature sets. The PC version allows players to experience the full wonder of virtual reality, while mobile players are restricted to a “monster tamer” game mode.

    There are a total of 1 million HIGH tokens allocated to Launchpool. A fifth of HIGH tokens will be distributed to BUSD stakers, while 80% will be allocated to Binance users that contributed their BNB. At the moment, Binance customers have the opportunity to earn 4.05% APY on their BUSD and 6.99% on their BNB pool investment. Rewards are updated hourly.

    The HIGH token is already trading on Binance in BUSD, USDT, and BTC trading pairs. The gaming token is currently changing hands at $12.49, up more than 12 times since its initial token sale price (expressed in USD).

    Buy/Sell HIGH
  • SHIB Burn Rate Set to Double, the Number of Shiba Inu Holders Surpasses 1 Million

    SHIB Burn Rate Set to Double, the Number of Shiba Inu Holders Surpasses 1 Million

    Key takeaways:

    • The first crypto record label Bigger Entertainment will increase the rate at which it burns SHIB tokens
    • SHIB has outgrown its “memecoin origins” as the team tries to establish Shiba Inu as a reliable DeFi and NFT ecosystem
    • The number of SHIB holders has exceeded 1 million in just 16 months since its inception

    Few cryptocurrency projects enjoy as much community support as Shiba Inu (SHIB), whose proponents often refer to themselves as the “Shib army” on social media. Roughly 16 months since its inception, the amount of people holding SHIB has reached a significant milestone – the Shib army now counts more than 1 million members, according to data from CoinCheckup.

    Crypto record label Bigger Entertainment will double the rate at which SHIB holdings are burned in the next 60 days

    Along with the monumental achievement of surpassing 1 million holders, the Dogecoin-inspired token’s utility keeps increasing. Although it was first conceived as a memecoin, which rose to prominence due to the unprecedented price growth throughout 2021, the Shiba Inu team has made its intentions of expanding the Shiba Inu ecosystem abundantly clear over recent months. 

    The team is working hard on establishing Shiba as a reliable DeFi and NFT platform. In pursuit of these efforts, SHIB staking functionality, DEX platform, and “Shiboshi” NFTs have been launched in recent months. Additionally, a partnership with video game creator and former Activision VP for Tech David Volk has been struck, to develop the first play-to-earn (P2E) Shiba Inu NFT game.

    The meteoric rise of SHIB was in large part driven by the underlying token burning mechanics, which is designed to decrease the supply of SHIB and create an inflationary pressure through the basic supply and demand dynamics. The next SHIB burn event is slated for December 26.

    Along with scheduled token burns, dubbed “burn parties”, individuals can also participate in removing SHIB from circulation at their own volition. One of the most notable instances of this is the first crypto record label Bigger Entertainment’s token burn project.

    https://twitter.com/iamstevencooper/status/1471909565935628288

    Bigger Entertainment uses a part of its music playing royalties to buy SHIB and immediately sends it to a dead wallet, effectively destroying it in the process. According to the firm’s owner, Steven Cooper, the rate at which the record label company burns SHIB “should double over the next 60 days.”

    Cooper also tweeted that the company destroyed more than 639 million tokens since October 20 by sending them to a null address.

    While SHIB has been facing considerable bearish trading activity over the past month and losing more than 37% of its value in the process, SHIB is still by far the largest gainer of 2021, currently up more than 38 million percent year-to-date (YTD).

    Buy/Sell SHIB
  • The First Set of DeFi Projects Have Been Deployed on Polkadot Parachains

    The First Set of DeFi Projects Have Been Deployed on Polkadot Parachains

    Key takeaways:

    • The first batch of parachains went live on December 18, five years since originally being outlined in Polkadot’s whitepaper
    • Acala, Moonbeam, Parallel Finance, Astar, and Clover Finance raised the most DOT during crowdloans and secured a parachain lease that will last 96 weeks
    • Altogether, more than 113 million DOT have been contributed during the first five auction periods

    Five years since first being outlined in the Polkadot’s whitepaper, the highly anticipated parachains have finally gone live on Saturday. Five blockchain projects, including Acala, Moonbeam, Parallel Finance, Astar, and Clover Finance have been deployed to their respective parachains in the morning hours of December 18.

    More than 113 million DOT, worth over $2.7 billion, have been contributed in crowdloans

    The parachain onboarding process was designed to benefit projects that enjoy strong community support – users were able to contribute their DOT tokens during auction crowdloan periods and improve the chances of their preferred projects securing a parachain slot.

    The projects that raised the most funds and won a parachain auction earned a Polkadot sidechain lease for a period of 96 weeks. DOT holdings that have been contributed throughout the crowdloan period, along with project-specific rewards, will be distributed to participants in nine reward sessions that will span the whole duration of the parachain lease.

    Parachains, also called side chains, are customized blockchains designed to feed into the Polkadot Relay Chain. The project-specific design lets them attain higher throughput while maintaining lower transaction costs.

    The Polkadot team wrote about the historic event for the ecosystem in a blog post:

    “The Polkadot Paper outlined Polkadot’s core features and sketched out the network’s sharded multichain design. Parachains are the final piece of core functionality, as outlined in the paper, to be fully launched. How Polkadot evolves from here is up to its community of DOT holders, who will approve any future upgrades via the network’s on-chain governance system.”

    The first batch of auctions awarded 5 parachain slots. Moonbeam managed to raise the most funds during the auction period – 35.7 million DOT were raised and a total of 48,346 contributions have been made. DeFi hub Acala raised 32.5 million DOT, while the third most funds were raised by Parallel Finance, with 10.7 million DOT contributed. In total, projects raised 113.3 million DOT, worth roughly $2.7 billion.

    The second batch of six Polkadot auctions will commence on December 23 and last until March 10, 2022. 

    Buy/Sell DOT
  • Sketchar builds a Create-To-Earn platform for the creators’ success in web 3 and launches the pre-sale drop on new NFT marketplace

    Sketchar builds a Create-To-Earn platform for the creators’ success in web 3 and launches the pre-sale drop on new NFT marketplace

    Vilnus, Lithuania, 20th December, 2021, Chainwire

    Sketchar makes one more step to the Decentralized Creator Economy and starts to build Web3 monetization infrastructure to support creators in a completely new way.

    Why Web3? It is largely built on new layers of technological innovation and we love it.

    With the Create to Earn model, our creators will have more autonomy and freedom to monetize their creativity however they wish. In a model that pays people to create content, creators will be able to invest and earn from their knowledge, skills, creativity, and time. An internet upgrade is good for society, the growth of NFTs has the ability for artists: now anyone can build and participate without using gatekeepers like traditional financial institutions.

    Our first step is the collection called Martians888 that was created by the Sketchar community.

    Martians are the pixel art characters that were created by different artists using the Sketchar app. 1673 unique Martians were created during the contest in the first three weeks. We have already begun announcing the first winners and paying the first prize money.

    The author of each Martian will receive $40 USDT for each selected work.
    The total prize pool is $35,000 for winners.

    But that’s not all – the author gets another 50% from future sales on the Sketchar marketplace.

    The presale drop of this collection will be released at the Sketchar Marketplace  on December 20, 2021.

    The new world of NFTs is here, and it’s only limited by your creativity! 5% of first and 1% of secondary sales go to the Creator Fund to support the community of creators.

    Sketchar’s DAO and its own token release is something that is going to unleash the whole potential of everything that we’ve built for creators since 2016.

    Sketchar has always been a place where creativity blossoms in a myriad of different forms, so today it empowers digital artists to make their voice heard and benefit, and collectors to acquire remarkable art and thus support its authors.

    Our basic goal is to allow the artists to maximize their focus on creating by taking care of the rest and offering: advanced instruments, interactive skill-building techniques, and a place to promote and sell the outcomes of their artistic experience. There are still many important tasks and challenges ahead of us to become the largest digital art place, but we’re determined to deal with that. The main engine that drives our development is the support of our users.

    Connect with us:

    NFT marketplace 

    Website 

    Twitter 

    Discord 

    Contacts
    • Maria Zhukova
    • Sketchar
    • masha@sketchar.tech
  • Top 3 Coins to Watch – Week 51

    Top 3 Coins to Watch – Week 51

    As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.      

     3. Harmony (ONE)

    Harmony Protocol aims to scale blockchain to 10M transactions/second and 100-millisecond latency. Harmony will bring 1,000x speed and capacity to the next generation of the decentralized economy, enabling marketplaces for 10B people and 100B devices.

    Buy/Sell ONE

    Why Harmony? Trustless Ethereum Bridge Launch Coming Soon   

    The Harmony team are pressing ahead with implementing full cross-shard composability and cross-shard transactions across the Harmony network. The team are also developing a trustless Ethereum bridge in order to facilitate asset transfers between Proof-of-Work and Proof-of-Stake chains. The bridge will allow applications to access assets on Ethereum while benefiting from fast, low cost transactions on Harmony. The bridge is live on testnet and set to go live on mainnet before the end of the year, and you can keep up with the latest developments here. 

    2. Stacks (STX) 

    Stacks is a decentralized computing network and app ecosystem that uses the Bitcoin blockchain as a secure base-layer. The Stacks 2.0 blockchain brings apps and smart contracts to Bitcoin, and enables new ways to earn BTC.

    Buy/Sell STX

    Why Stacks? Two NFT Drops This Week 

    The Stacks team are staying busy as the year comes to an end and two NFT drops will take place this week. The Project Indigo NFT Drop on December 19 is made up of a collection of 3,000 wasteland NFT avatars with the prices still to be determined. This will be followed by the Magic Ape School NFT Drop on December 21 with 2,500 apes being made available on the Stacks blockchain. In between the two events the Stacks 12 Day Holiday Giveaway will begin on December 20 with tickets going on sale for the event, and as a result it’s another big week for Stacks and all STX holders can keep up to date with events here.

    1. Polygon (MATIC) 

    Polygon, previously known as Matic Network, is a layer 2 scaling solution for Ethereum which aims to provide major scalability improvements for decentralized applications by utilizing a modified version of Plasma with sidechains based on Proof-of-Stake.

    Buy/Sell MATIC

    Why Polygon? Uniswap V3 To Deploy Contracts on Polygon      

    The deployment of Uniswap v3 contracts over Polygon are set to take place as the Uniswap community approved the relevant governance proposal. The proposal was brought forward by Polygon CEO Mihailo Bjelic on November 20 and closed for voting on December 18. Over 72 million Uniswap users voted in favour of deploying contracts on Polygon and a $15 million fund has already been put together for a long-term liquidity mining campaign. The Polygon team also recently acquired the ZK knowledge proof Ethereum scaling solution Mir for $400m and look set to close out the year very strongly. MATIC was one of 2021’s best performers and a lot of eyes will be on Polygon to see if the team can continue to perform into 2022. 

    How did the coins perform last week?  

    The seven day period generally led to poor results across the market; and NEAR fell by 11% and is currently trading at around $9.44. GALA fell by 21% and is currently trading at $0.45, and ETH fell 3$ over the week, and is currently trading at $3,945. Over the course of the week, the market moved from an overall valuation of $2.33T to $2.26T, a drop of 3.00%.

  • Sneaky Vampire Syndicate (SVS) announces partnership with the upcoming Scream to bring real-world utility to the community

    Sneaky Vampire Syndicate (SVS) announces partnership with the upcoming Scream to bring real-world utility to the community

    Los Angeles, California, 17th December, 2021, Chainwire

    The Sneaky Vampire Syndicate (SVS), a wildly successful independent NFT project, is thrilled to announce that it has partnered with Paramount Pictures and Spyglass Media Group’s Scream. This collaboration is the first of its kind. No other NFT project has ever partnered with a major film release.

    SVS and the horror film are collaborating for the promotion of the latest film in the Scream franchise – ahead of its release on January 14, 2022 and to bring real-world benefits to the community. The SVS team is constantly adding as much utility as possible to bridge the gap between the NFT space and the mainstream media. 

    The upcoming Scream movie stars Melissa Barrera, Kyle Gallner, Mason Gooding, Mikey Madison, Dylan Minnette, Jenna Ortega, Jack Quaid, Marley Shelton, Jasmin Savoy Brown, Sonia Ammar, with Courteney Cox, David Arquette and Neve Campbell.

    Starting December 17, the SVS will run a fan art contest until the Blood Raffle Entry Period begins on January 4. The contest will encourage both the SVS and Scream communities to post their own fan art influenced by the collaboration using the official creative asset released as inspiration. 

    Throughout the duration of the contest, both SVS and @ScreamMovies social platforms will be interacting and engaging with these entries.

    The Blood Raffle Entry Period is between January 4-10, 2022. This is when the new Scream film will be allocating several pairs of tickets to their advanced screenings across North America for SVS holders. 

    The SVS holders will be able to enter a raffle using the $BLOOD utility token for the chance to win either a pair of tickets to the advanced screenings, a limited print (out of 500) of the creative asset released on December 16th, or a free ticket to the film. Holders receive three $BLOOD tokens daily when they stake their NFTs. 

    Although the advanced screenings and free tickets will be exclusive to the United States, SVS holders all across the world will be able to receive the limited print upon winning. 

    Advance screenings will occur a few days ahead of global release. Screenings will take place in select markets, with a quantity of seats reserved exclusively for SVS holders. Winners who attend screenings will also receive a gift, containing various Scream and SVS branded merchandise items and collectibles.

    About the Sneaky Vampire Syndicate

    The Sneaky Vampire Syndicate (SVS) is an independent NFT project consisting of 8,888 Vampires. Created by the former Bored Ape Yacht Club artist Migwashere, each vampire is unique, hand drawn with their own characteristics and expressions. From the outset, the SVS team has continued its vision of constant innovation, community-building, and to make all aspects of the project as fair as possible. 

    About Paramount Pictures Corporation

    Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of ViacomCBS (NASDAQ: VIAC; VIACA), a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, and Paramount Players. PPC operations also include Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

    About Spyglass Media Group, LLC

    Spyglass Media Group, LLC is a global premium content company, led by Gary Barber, focused on developing, producing, financing and distributing motion pictures and television programming across all platforms for worldwide audiences. The company also has strategic backing from Lantern Capital Partners, Lionsgate, Warner Bros., Eagle Pictures and Cineworld Group.

    Media Contact: Sartaj Sandhu, team@svs.gg  

    Contacts
    • Thomas Kekker
    • team@svs.gg
  • Gate.io’s $2M Global Futures Trading Competition Is Live

    Gate.io’s $2M Global Futures Trading Competition Is Live

    Singapore, Singapore, 16th December, 2021, Chainwire

    • As one of the biggest trading competitions worldwide, GFTC hopes to bring together crypto enthusiasts from all over the world. 
    • Early bird registration starts on Dec. 15, 2021. Register here.

    Gate.io’s first Global Futures Trading Competition (GFTC) will be officially open for early-bird registration on Dec. 15, 2021. With a prize pool of $2 million, the GFTC will be the world’s first and largest futures trading competition. The top-ranked troop in the “Troop Showdown” can win up to $1.6 million from the prize pool.

    As the platform’s first futures trading competition, Gate.io has invested heavily in this event and hopes to bring together enthusiasts from all over the world for this exciting futures trading competition. Furthermore, the number of rewards available means that you can win a prize by simply participating in the competition.

    “The first crypto extravaganza of 2022 is just around the corner, and we have carefully planned GFTC in every single aspect,” said Marie Tatibouet, chief marketing officer of Gate.io. “In the past, people have marveled at Gate.io’s extensive range of products and services, such as the over 1,200 coins and tokens available to trade, GateChain and NFT Magic Box. Gate.io’s contract products have grown tremendously over the last year, reaching the top five worldwide,” she continued.

    How do I enter the competition?

    Gate.io aims to show every user the experience of futures trading first-hand. Simply sign up for Gate.io and open a contract account with greater than or equal to 200 USDT in assets to participate in the $2-million prize pool.

    Wide variety of contract pairs available

    Gate.io is known as one of the most popular exchanges in the industry, with almost 1,200 cryptocurrencies available for trading on the platform, including more than 200 contract pairs and 180+ pairs with USDT. Regardless of what tokens you are interested in, Gate.io is more than likely to have listed it.

    The largest prize pool among the exchanges (with extra goodies)

    The prize pool of GFTC’s “Troop Showdown” is up to $1.6 million, and the prize pool of “Solo Showdown” is up to $400,000. In addition to the prize pool, other rewards also include contract bonuses, limited edition OpenPunks nonfungible tokens (NFT), etc.

    GFTC details

    The registration period of this competition is from Dec. 22, 2021, to Jan. 17, 2022. The competition runs from Jan. 7 to Jan. 21, 2022.

    – Early-bird registration prize: New users who register will receive 10 USDT, while current users who register will receive 5 USDT. The “Troop Captain” who invites new users to join the troop will also receive 10 USDT each.

    – Troop Showdown: 80% of the total prize pool, with a maximum share of $1.6 million.

    – Solo Showdown: 20% of the total prize pool, with a maximum share of $400,000.

    – Limited Edition NFTs: Participate in the competition to earn a chance at winning a limited edition NFT worth $37,000.

    – Vote and Share: Correctly predict the champion in the “Troop Showdown” and earn another $10,000.

    About GFTC

    Gate.io’s first futures trading competition provides an expandable prize pool of up to $2 million. The competition consists of “Troop Showdown,” “Solo Showdown,” early-bird rewards, NFTs, voting rewards and more. Global traders can register through the official competition website.

    Click here to register

    About Gate.io

    Gate.io is a leading digital currency exchange with over 9 million users in 190 countries across the globe. The exchange offers over 1,200 coins and tokens to trade using spot, margin, futures and contract trading in addition to decentralized finance products through HipoDeFi, services through Wallet.io, investments through Gate Labs and GateChain platform. The company also offers an integrated list of products, such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.

    Contacts

    Head of PR & Communications

    • Diksha Sharma
    • Gate.io
    • diksha@mail.gate.io
  • Clover Finance Wins Fifth Polkadot Parachain Spot with 9.7 Million DOT Contributed

    Clover Finance Wins Fifth Polkadot Parachain Spot with 9.7 Million DOT Contributed

    Key takeaways: 

    • Clover Finance has won the fifth parachain slot auction with over 9M DOT contributed, barely beating out the second-placed Efinity with 8.8M DOT
    • More than 110 million DOT, worth over $2.8 billion were contributed during the first batch of parachain auctions
    • The first five auction winners will be deployed to their respective parachains simultaneously on December 18

    Cross-chain decentralized finance (DeFi) platform Clover Finance (CLV) is the winner of the fifth parachain auction slot. With 9.7 million DOT contributed, worth $242 million at current market rates, Clover Finance finished ahead of Efinity and Manta Network. Clover, along with other parachain auction winners will be deployed on their respective Polkadot side chains on December 18.

    Clover Finance raised more than $240 million in DOT crowdloans

    Clover Finance is a Layer 1 blockchain platform sporting smart contract functionality, a multi-chain DeFi ecosystem, and a cross-chain crypto wallet. Clover boasts EVM compatibility, gas redistribution mechanics, and cross-chain interoperability. The ecosystem is powered by the utility and governance CLV token.

    During the parachain auction period that lasted from December 9 to December 16, Clover managed to raise more than 9 million DOT in crowdloans, with an average contribution amounting to 1,774 DOT.

    Clover joins the winners of the last four parachain auctions, including Acala, Moonbeam, Parallel Finance, and Astar. The first batch of auction winners will be deployed to their respective side chains simultaneously on December 18. Projects that participated in the first batch of auctions collectively raised more than 113 million DOT, worth over $2.82 billion. Moonbeam accounted for nearly a third of the crowd loaned capital with $890 million ahead of Acala with $809 million.

    Winners of parachain auction slots will be able to build on the Polkadot network for the duration of 96 weeks. Parachains are specialized chains designed to feed into the Polkadot Relay Chain. The project-specific design lets them attain higher throughput while maintaining lower transaction costs.

    Users that contributed their DOT holdings to help their favorite projects secure one of the five parachain slots, will receive their DOT on top of stalking rewards in 9 reward sessions that will span the whole duration of the parachain lease.

    The second batch of Polkadot parachain auctions begins next week, on December 23, and will last until March 10, 2022.

    Buy/Sell CLV