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  • Securities Commission of Bahamas Registered FTX as Official Digital Asset Business

    Securities Commission of Bahamas Registered FTX as Official Digital Asset Business

    FTX is one of the largest crypto exchanges around the world. The company has been working on further expansion around the world for some time now. 

    Recently, the crypto giant announced that the Securities Commission of The Bahamas has registered FTX Digital Markets as the official digital asset business in the country. The FTX Digital Markets is the subsidiary of the global FTX crypto exchange in Bahama.

    The regulatory approval of the services of the company was granted under the Digital Asset Registered Bill of the Bahamas. This bill is the new digital asset-related legislation. It came into force in 2020. 

    By adopting this new bill, The Bahamas established a comprehensive regulatory framework for digital asset operations. Thanks to the regulatory approval, FTX will be able to have a huge presence in the country and will further continue its global expansion and presence. 

    Previously, FTX has announced that it would move its headquarters from Hong Kong to the Bahamas. Amid the increasing regulatory scrutiny on crypto trading around the world, the step comes as another chance for the company to further expand its services.

    FTX has noted several times that they are committed to maintaining a close working relationship with local regulations in the country to make sure that the services that it offers to its clients are of the highest safety standards. 

    The company representatives have said that it was very important for them to be in a place where they could function well, while also taking care of the safety of their clients. 

    By moving its headquarters to The Bahamas, the company hopes to be closer to its future aims. FTX has noted many times that being a global leader in the industry is their ultimate goal, for which, the recent shift to The Bahamas can be a great help.

    Committed at Future Growth

    Being one of the largest crypto exchanges in the industry, FTX is committed to growing further around the world. The company is already offering its services to traders in different jurisdictions but its growth is not done yet. 

    While FTX is best-known for its cryptocurrency trading services and giving traders access to the derivatives trading markets, there is much more about this company traders should know about. It is a very inventive and original trading platform, with numerous unique features that make it different from the rest of the exchanges. 

    Launched in 2019, FTX has already managed to become one of the renowned and reputable crypto exchanges around the world. Thanks to derivatives trading, FTX allows investors to trade products that reflect the value of the underlying asset. 

    This includes contracts or tokens that represent the price of a certain asset. Among the available assets at FXT are Options, Futures, Leveraged Tokens, and many others. 

    The company is known for offering clients numerous high-quality and innovative services. The team behind FTX is full of professional traders who have been in the market for a long time now. 

    Thus, they know what traders are looking for. The company has worked with numerous software developers over the years to create a platform perfect for traders. Beginners at FTX can take advantage of automated trading, which can be very helpful for market analysis. 

    Automated trading offers investors the ability to analyze the market in a much simpler and easier way. There are numerous trading robots available for crypto, which can not only analyze the market but also trade cryptocurrencies for you. 

    This way, even if you have a regular full-time job, you should still be able to trade cryptocurrencies with FTX and continue making profits. 

    There are the best third-party trading bots available at FTX, all of which are very well-known around the world. Numerous traders are using these trading bots to make profits in the market and all of them are very well-tested and checked before being offered to traders. 

    What Does FTX Have to Offer?

    Although being a new company with just a little over 2 years in the market, FTX has managed to become one of the best-known names in the crypto industry. One of the main reasons for this is that FTX offers traders of any interest services that they might like and enjoy. 

    There is a native FTX token, which is called FTT. Due to its dedication to quality services, in a very short time, FFT has managed to become one of the top 50 cryptocurrencies in terms of market cap. It is listed on numerous popular crypto exchanges, which include Binance, CoinEx, and many others. 

    The services of the company are available globally, except in a few countries, such as Cuba, Syria, Iran, and a few others. The trading services of the exchange are available for US traders as well, with a special, FTX.US platform created for American crypto traders. 

    However, due to the local regulations in the USA, the number of digital assets available on FTX.US is a bit limited. 

    One of the things that make FTX a true market leader in the effort that it has put into the development of its services. The team behind FTX are professional traders with years of experience in the market. 

    These people know what exactly crypto traders are looking for in crypto exchanges. With its intuitive and high-quality trading platform and numerous trading assets, it is one of the best places for crypto traders. 

  • Minima Closes Series A Round Raising $6.5M to Build ‘The Most Decentralized Network’

    Minima Closes Series A Round Raising $6.5M to Build ‘The Most Decentralized Network’

    ZUG, Switzerland, 26th October, 2021,

    Minima, the protocol designed to run on smartphones, has closed a Series A funding round while raising $6.5 million from several notable investors. These investments will be instrumental in launching Minima’s Mainnet in 2022. 

    The investment round includes GSR, DEX Ventures, AGE Crypto, SMO Capital and Vinny Lingham.

    Minima’s innovation lies in the possibility of making every user a complete node. The blockchain protocol uses a variation on the Proof of Work consensus mechanism that requires minimal computing power, enabling it to run entirely on mobile phones and IoT devices. 

    Minima is designed to be the most decentralized, immutable and scalable protocol on the market. In addition to enabling users to secure the Minima chain in a more decentralized, and therefore sustainable manner, Minima will natively support token transfers and smart contracts. As Minima realises that scaling purely through layer-one is largely impossible, Minima will launch with a  layer-two solution tethered to the base-layer blockchain.

    Minima has already onboarded over 5000 nodes across 94 countries in the last few months, ahead of its upcoming launch in 2022. The Series A round will propel the project to the finish line and accelerate its release. In the meantime, the Minima Incentive Program allows users to begin earning coins by downloading the Minima app on their Android mobiles, or running Minima on PC, Mac or Linux. Additional Minima coins can be earned if users participate as testers. To join the Minima Incentive Program, users must sign up to a waiting list. 

    “We are excited to announce this oversubscribed Series A fundraise,” said Hugo Feiler, CEO of Minima. “Our Mission is to create a blockchain that no one controls and everybody owns, making it completely decentralized. This  fundraising round will enable us to bring onboard the resources we need to launch Minima’s Mainnet in the middle of 2022.” 

    “I love to back founders who are thinking about the future differently, and I think that Minima is doing just that”, said Vinny Lingham.  “I see decentralization as a vital cornerstone in the future of value and information exchange, and my investment into Minima is an investment into the next generation of connectivity, and enabling different use cases for blockchain technology. In my view, enabling everyone to easily run their own node without any third-parties involved, will put blockchain technology in the hands of everyone, literally.”

    About Minima 

    Minima was founded in London in 2018. It has created an ultra-lean blockchain protocol that fits on a mobile or IoT device, allowing every user to run a full constructing and validating node. By adopting this approach, Minima has created the possibility of operating a completely decentralized network that is scalable and inclusive, while remaining secure and resilient. 

    Contacts

    CMO

    • Jon MacDonald
    • jon.macdonald@minima.global
  • Community Will Battle Big Investors in Super How’s NFT Auction

    Community Will Battle Big Investors in Super How’s NFT Auction

    Vilnius, Lithuania, 26th October, 2021,

    The art platform superhow.ART is launching a special NFT auction. During a week-long event, a genuine oil painting, “Head with Legs,” by one of the greatest Russian surrealist artists, Oleg Tselkov, will be auctioned together with the corresponding NFT. 

    Competition: Whales vs. Shrimps

    During the auction, superhow.ART will host an experimental competition between big investors and the community of enthusiasts to see who has more power in their hands. 

    Organizers are introducing two bidding sides: Whales and Shrimps. All bids placed by the Shrimps are accumulated into a pool, which will compete with the Whale’s bid. If a Whale wins, they get the actual painting, and the corresponding NFT is assigned to them. 

    If Shrimps win, it will be split into multiple parts that correspond to the Shrimp bids and assigned to their wallet addresses. The painting will remain in the gallery but will become co-owned. 

    “We want to check if whales are stronger than the community. Maybe the community will show that small market players with joint forces can win and become fractional owners of this beautiful investment asset,” explains Vytautas Kašėta, the CEO of superhow.ART.

    The Future of Art

    The NFT market is booming; however, the skeptics question the actual financial and artistic value of .jpg images claimed to be worth millions. By leaving the current NFT hype aside, the project encourages the art community to invest in an authentic, truly valuable piece of art and digital asset.

    As blockchain technology is rapidly adopted, Kašėta and the superhow.ART team believe that this is a significant time for galleries and art investors to get on top of technological advancements to bring new ideas to the community and create hybrid solutions that bridge the physical with the digital.

    “To tokenize fine art means you make it accessible to more people by implementing the partial ownership concepts used in superhow.ART. All this is making a huge impact on art investors. They need to evolve together with the market and become more flexible and liberal if they want to keep their positions,” claims Kašėta.

    Blockchain, in its essence, empowers the community and decentralization. It can potentially alter power dynamics in the consolidated art market and bring a new level of transparency.

    “We will always need experts for proof of authenticity, provenance, valuation, yet new technologies will help and automate the processes, bring much more transparency, social relations, social acceptance,” reassured Kašėta. 

    Committed to Innovation

    SUPER HOW? is an innovative research and development company committed to harnessing the power of blockchain for the advancement of society with next-generation solutions. The team strongly believes that blockchain, in convergence with other new technologies, is the backbone of almost all the prominent infrastructure with vast potential in many domains. 

    Entering the art world is the next step for the company to enhance the adoption of blockchain technology and define the future for NFTs. According to the team, it should be about art and culture, not hype or low-quality images.

    Contacts
    • Martynas Kasiulis
    • martynas@dailycoin.com
  • Which project did ELON say about going to Mars? Don’t Miss Out!

    Which project did ELON say about going to Mars? Don’t Miss Out!

    Polker has continued to witness massive adoption from the crypto community, with many rushing to bag PKR tokens. In the past seven days, PKR is up 150% and has set new all-time highs during this period.

    There is a massive expectation that the bullish run will extend as the token lists on more exchanges and adoption increases. The recent pump in the price of PKR is no surprise and comes after the announcement of the impending launch of the much-anticipated ‘’Testnet’’ Game launch.

    Polker could hit $1 before 2022 

    Polker has shown massive potential since its launch earlier in the year and this is seen in the price evolution of PKR.  PKR token is currently in a bullish trend and recently hit an all-time high of $0.295. 

    PKR is expected to continue to move on an upward trend as more users are on boarded to its ecosystem. The impending launch of the Testnet Game will cause huge demand for PKR leading to a spike in price. 

    Given that the blockchain gaming industry is currently on the rise, the price of PKR is likely to hit the $0.5 mark by November. If this trend continues, with the full launch of the game then PKR could hit $1 by December representing a 500% growth from its current price. 

    Polker Growth Potentials in Comparison to AXIE INFINITY

    Polker has drawn comparisons with blockchain gaming juggernaut AXIE INFINITY. Axie Infinity has grown into one of the world’s biggest gaming ecosystems, and Polker follows a similar business model. 

    Players control the in-game economy and are given the freedom to earn and build communities within the game. By making a direct comparison we can view the massive potentials that early holders of PKR stand to gain in the long term. Currently, Axie Infinity has a market cap of $33 billion while Polker (PKR) has a fully diluted market cap of $182 million. 

    If PKR is able to reach the same marketcap as Axie then the current value would increase by more than 500x. For simplicity, a $1000 investment in PKR would be worth over $800,000 if Polker grows to the size of AXIE INFINITY. 

    This is possible given that AXIE Infinity was less than a quarter of its market cap 6 months ago. Polker has music legend Akon backing the platform and there is much expectation that the platform will experience massive growth once the ‘’Testnet’’ game launches. 

    20 days remaining to Polker ‘’Testnet’’ Launch

    Polker will be releasing the first free-to-play and Play-to-Earn NFT based-game designed to revolutionize the gaming industry. This game is built on the Unreal Engine that packs the power of blockchain technology and provides unparalleled graphics that will attract gamers from different spheres. 

    Players will be able to access an innovative and immersive game that combines the very best of gaming and blockchain within an interactive ecosystem. Polker’s Testnet’’ Game Launch is less than 20 days remaining and pump in the price of PKR token has caused excitement within the crypto community. 

    Polker has continued to make a strong push towards fostering the adoption of PKR token and will be listing it on major exchanges in the coming weeks. There will also be major partnerships and collaborations with top blockchain companies ahead of the game release. 

    Premium Billionaire’s Game Room

    Polker testnet game will feature a special luxurious gaming room called the’’Billionaire’s Game Room. Players will be able to play against each other using the avatars and names of some of the elitist personalities including Jack, Elon, Trump and KIM. 

    Polker’s Billionaire’s Game Room is shrouded in secrecy, and there are exciting features that will be unveiled in the future. Polker has already released the first episode of the Billionaire Polker Tournament…. Episode one was released..

    Watch Episode Two Here

    Polker Token (PKR)

    PKR is the native token that powers the Polker ecosystem and serves as a utility token. Players will be able to receive rewards in PKR and also stake their tokens for more rewards on game.polker.game. 

    The token is available on Ethereum at Uniswap and on Binance Smart Chain at PancakeSwap. For those who prefer to Purchase $PKR with a centralized exchange then the token is also available at BitMart.

    Polker launches giveaway competition

    Polker has also launched an NFT giveaway competition ahead of the testnet game launch. Participants are required to make a purchase of PKR tokens from UniSwap or PancakeSwap and fill in the necessary details in the giveaway form. 

    The competition will run from the 25th of October to the 4th of November and end a week before the beta game launch. The rewards are divided into different sections. The 1st placed winner will be rewarded with a Holo Ultra-Rare NFT. 2nd and 3rd places get Rare NFTs while from 4th to 10th place are rewarded with a standard NFT. 

    Interested participants can get more information about the competition on the Polker medium page. 

    About Polker.Game

    Polker.game is the first Play-to-Earn poker game powered by $PKR which uses Unreal Engine 4 for immersive and powerful gameplay. Polker utilizes an on-chain provably fair system for truly transparent gameplay.

    Polker has recently received a grant and partnership with Polygon as well as confirming the integration of Chainlink’s price oracles into their ecosystem. The first staking pool of the native token of Polker, PKR, has recently been made available on Polker.Game and boasts close to 60% APY.

    Website | Twitter | Telegram | Telegram Announcements | Facebook | Medium

  • Tesla Considering to Resume Bitcoin Payments in the Near Future

    Tesla Considering to Resume Bitcoin Payments in the Near Future

    According to the quarterly filing with the Securities and Exchange Commission (SEC), Tesla is considering restarting “the practice of transacting in cryptocurrencies.” The world’s biggest manufacturer of electric vehicles has stopped accepting Bitcoin after Tesla’s CEO and founder Elon Musk criticized the digital currency for being bad for the environment.

    Key takeaways:

    • Tesla was accepting Bitcoin for only about a month and a half earlier this year – Tesla buyers could purchase electric vehicles with BTC between March and May. Additionally, the company also acquired $1.5 billion worth of BTC in the first quarter of 2021.
    • After Musk publicly criticized the proof-of-work BTC network for consuming too much energy, the company suspended digital currency payments. Despite his criticism, Musk clarified that BTC would again be accepted as soon as renewable energy sources become the predominant source of BTC’s energy supply.
    • According to September’s filing with the SEC, the company is open to restarting cryptocurrency transactions. Furthermore, Tesla added that it believes “ in the long-term potential of digital assets,” both in terms of “investment and also as a liquid alternative to cash.”
    • On Monday, the price of Tesla shares reached an all-time high of $1,000 after the car rental company Hertz announced it plans to buy 100,000 electric cars from the manufacturer. 
    • The deal with Hertz pulled Tesla above $1 trillion market cap for the first time –  the electric car manufacturer is now the 6th most valuable publicly traded company in the world.
    • Despite being fully immersed in the cryptocurrency community, Musk disclosed he owns only Bitcoin, Ethereum, and Dogecoin on Sunday. After the tweet, the price of DOGE promptly increased by 15% in the span of a few hours.
    Buy/Sell BTC
  • Be The Owner of The Social Media And Blockchain Ecosystem Presented by Millionstarter

    Be The Owner of The Social Media And Blockchain Ecosystem Presented by Millionstarter

    Millionstarter: Introducing Social Q, the all in one exclusive social application, backed by its native token, $MST.

    There is an unusual concept behind the latest Hungarian cryptocurrency which is not just an online payment instrument: its aim is to build an online social network where members are the decision-makers, and no large company has the right to censor the content they post.

    It is now possible to buy the new Hungarian cryptocurrency, which is made special by the concept behind it, says Renátó Bándli, the founder of Millionstarter. The token will be accompanied by an innovative community platform: unlike Facebook and its peers, it will be user-run, uncensored and will represent a completely free expression of opinion.

    Only the fastest could get first to the new currency at the best price – because the Private Sale phase could only last until the 18th of November. The token is running out fast and there are more and more buyers both domestic and foreign.

    “Unlike most of the cryptocurrencies already present in the Hungarian market, ours is backed by an established background. We reinvest most of our token sales back into the development of the app and website. No Hungarian cryptocurrency has ever had such backing,” says Bándli, who is confident that the use of the new social network will also spread abroad.

    A community run by ordinary people.

    “The token itself is the driving force behind our app, Social Q: this is a decentralized, premium social/connection building network powered by $MST token holders. Here, no company will have a say in the management of the site, no excluded profiles or blocked content. You and we will jointly control the site,” emphasizes the founder. 

    In addition to the social network, the concept of Social Q is made completely unique by encrypted chat, built-in wallet and exchange and Meet features.

    “Our artificial intelligence system, which was specifically developed for this purpose, will not give way to fake users trying to get to know others by using someone else’s photo,” promises Bándli.

    And the Meet feature would help users connect with like-minded people with similar interests, even to develop new business and job opportunities.

    The app will also offer other notable features such as WEB 3.0 browser, NFT Marketplace and phone insurance.

    What guarantees the value of this cryptocurrency? On the social network, it will be possible to buy advertising for businesses and individuals with the $MST tokens. These platforms will therefore further increase the value of the token, as will the advertising revenue and the paid features of the dating site.

    The social network itself, however, is free for everyone to use, says Bándli, adding that the token will be accompanied by an annual buy-back program. Those who hold it will receive bonuses over time. In addition, the currency can be sent for free in the app, with a fee only charged if users convert it into another currency.

    Everything is in place for success, as the news of the cryptocurrency is spreading not only in Hungary but also abroad. The app itself will be available for download on iPhone and Android in January but will also be available on a website. That is why Bándli warns us: anyone who does not want to miss out is recommended to buy tokens in the weeks ahead.

    Company Name: Millionstarter Investment IC
    E mail: hello@millionstarter.com
    website: https://millionstarter.com/
    City: Budapest
    State: Budapest
    Country: Hungary

  • Top 3 Coins to Watch – Week 43

    Top 3 Coins to Watch – Week 43

    The cryptocurrency market is booming as the prices of several top coins and tokens are still on the rise. The overall good market sentiment can partly be attributed to the fact that the first Bitcoin-linked exchange traded fund commenced trading on New York Stock Exchange on Tuesday, October 19. A day after that, Bitcoin, the first and largest crypto by market capitalization, set a new ATH price of $66,931. The second largest cryptocurrency, ETH, is also trading very close to its ATH price. Nevertheless, ETH failed to surge higher than $4,362, where it traded on May 12. It did, however, come very close to its ATH, as it traded just $2 below the abovementioned record valuation on October 21. You can imagine that two of the largest cryptocurrencies trading at or nearly at their respective ATH prices means that the total cryptocurrency market valuation was also at its ATH. The total cryptocurrency market valuation reached its new ATH valuation of $2.70 trillion on October 21. While the value has since dropped to $2.55 trillion at the end of Week 42, the cryptocurrency market is still hot and could surge higher anytime.

    3. Filecoin (FIL)

    Filecoin is a decentralized file storage network based on the InterPlanetary File System (IPFS), a peer-to-peer file storage and sharing protocol released by Protocol Labs in 2015. The project raised $205 million worth of crypto in a 2017 ICO and finally launched its highly anticipated mainnet on October 15, 2020. The FIL token is the native asset of the Filecoin blockchain. FIL is used to purchase storage space and retrieve data from the Filecoin network and provides economic incentive to storage provides.

    Buy/Sell FIL

    FIL futures open interest indicates an improved market sentiment

    Filecoin recently celebrated the first anniversary of the network’s mainnet launch, which took place on October 15, 2020. To showcase what has been done and to commemorate the anniversary, Filecoin developers published a “year in review” blog post and the network stats featured in the post are quite impressive, to say the least. One year after the launch, the network boasts with 12 EiB of total network storage power, more than 3,300 storage providers and over 230 organizations building on the network. But Filecoin is not stopping there. The project is now trying to attract new users through a special referral program announced on September 14, which offers rewards to users who bring on members carrying datasets larger than 90 Terabytes. In addition, Filecoin recently revealed a newly formed partnership with Flow blockchain, disclosing that Filecoin will further decentralize the NFT and blockchain gaming platform Flow, as it has become its official storage provider. Despite the positive developments, FIL price has been rather stagnant and unimpressive. The token is currently changing hands at around $64 a piece, which is more than 70% blow FIL’s ATH price. Nevertheless, Filecoin futures market data shows 45% increase in the futures open interest in October, which indicates that investors are starting to see potential in FIL again. In addition, the daily release of FIL to early investors holding simple agreements for future tokens (SAFTs) will decrease by 23.8% on October 15, to mark a year since the mainnet launched. Will the diminished supply, signs of increased adoption and new partnerships be enough to carry FIL back above $100 per token?

    2. Binance Coin (BNB)

    Binance Coin (BNB) originally launched in 2017 as an ERC-20 token sold through an initial coin offering (ICO). In April 2019, the Binance Chain was launched, and all the ERC-20 tokens were replaced with the BNB coin, which became the native cryptocurrency of the new blockchain. Binance Chain is still completely centralized, with Binance having complete control of block management. Binance users who utilize BNB to pay for trading, withdrawal and listing fees enjoy discounts. While this used to be pretty much the only use case of BNB, the coin has a far greater utility now as it allows users to pay for gas fees, stake BNB, as well as participate in DeFi, liquidity pools, and DEX trading. BNB is also used to determine eligibility to participate in Initial Exchange Offerings (IEOs). In addition, the Binance ecosystem keeps expanding, which means that new products and services are regularly added. In June, for example, Binance launched its own NFT marketplace.

    Buy/Sell BNB

    New BNB burning mechanisms and the largest quarterly burn in terms of dollar value apply significant deflationary pressure

    As you may know, Binance uses a fifth of its quarterly profits to buy back and burn its native currency (BNB) and will continue to do so until 50% of BNB supply is forever removed from circulation. In mid-October, Binance announced the successful competition of the 17th quarterly BNB burn, revealing that it was again the largest BNB burn in history in terms of dollar value. This time the renowned exchange destroyed 1,335,888 BNB (worth almost $640 million), which means that in terms of dollar valuation, the 17th BNB burn surpassed the 15th BNB burn, which previously held the record, by over $44 million. Furthermore, a few days ago Binance proposed a new Binance Evolution Protocol, BEP-95, which would introduce a real-time BNB burning mechanism. When BEP-95 will be deployed, the Binance Smart Chain (BSC) would burn a fixed ratio of the gas fee collected by the validators in each block. Let’s remember that since August’s London hard fork, Ethereum, employs a very similar fee burning mechanism, which is commonly known as EIP-1559, the Ethereum Improvement Protocol that implemented it. While Binance proposed that the burn ratio to be initially set to 10%, BSC validators will be able to change the percentage of gas fees burned in each block through a community proposal and vote process. The amount of BNB burned through the newly proposed mechanism will directly correlate with the activity on the BSC. The implementation of BEP-95 would also mean that BNB burning will continue even after Binance burns 50% of the supply through quarterly burns. Record high quarterly burns combined with additional real time coin burning mechanisms are applying deflationary pressure to BNB, making it more likely to appreciate in the long run.

    1. Solana (SOL)

    Solana is a smart contract enabled blockchain platform developed with a focus on scalability. Due to its top throughput of 65,000 transactions per second and absurdly low transaction fees (an average transaction on the blockchain costs just $0.00025), Solana is considered one of the strongest Ethereum competitors. Such a high blockchain efficiency is made possible by utilizing an innovative proof-of-stake consensus mechanism combined with proof-of-history (PoH) timestamping mechanism. Because of the reasons, Solana is very popular among various non-fungible token (NFT) projects and decentralized finance applications of all kinds. In addition, the project also backed by major investors such as Alameda Research, Polychain and Andreessen Horowitz. With $314 million raised in a private token sale in June 2021, Solana Labs have more than sufficient funds for further development of the Solana blockchain. 

    Buy/Sell SOL

    The abundance of positive news fuels Solana market, causes SOL to set a new ATH price of $218

    While the price of SOL rallied very close to its previous ATH, set on September 9, over the weekend, the potential ETH killer finally breached $213 on Monday, October 25. At the time of writing, SOL is trading very close to its new ATH of $218. The surge has been fuelled by the generally positive market sentiment and several positive announcements concerning Solana network. We have already written about Terra’s UST stablecoin coming to Solana DeFi through Wormhole bridge in a recent Top 3 Coins to Watch article. Naturally, Terra is not the only project to consider Solana deployment and several new projects roll out their mainnets every month. Among the more recent additions is Apricot, a promising new next-generation DeFi lending protocol that supports cross-margin leveraged yield farming, that launched its mainnet on October 19. Furthermore, on November 9, a multi-governance client for the Solana ecosystem called Squads v0.1 will launch its beta on mainnet. The project will simplify decentralized governance and allow every project or even a NFT creator to simply form a decentralized autonomous organization (DAO) with deployment, voting and treasury features already incorporated. Finally, the Solana community is currently running a Global Solana Hackathon dubbed “IGNITION” with more than $5 million in SOL to be rewarded to project developers. Based on the above listed developments, we believe that SOL rally is far from over and that the ATH price listed in the title will soon, perhaps already by press time, be a thing of the past.

  • ChangeNOW: More Than Just Crypto Exchange Platform

    ChangeNOW: More Than Just Crypto Exchange Platform

    Thinking of stepping into this mystifying crypto world and completely at sea with a slew of crypto products offered by the industry? Don’t worry, even crypto-savvy users are bewildered by an abundance of options to choose from.

    ChangeNOW is what you might need. It offers a unique ecosystem of products and services for you, wherever you’re in your crypto journey.

    Providing the best of the industry’s solutions for almost every crypto need in one place, ChangeNOW takes out the hassle of finding the right things separately.

    How Does ChangeNOW Exchange Work?

    Transacting on ChangeNOW is fast and transparent. It finds the quickest way to complete every crypto exchange, with a transaction fee varying between 0.5% and 4%, depending on whether you opt for a classic or fixed exchange rate.

    A classic rate exchange uses the best rate on the market. It fluctuates due to ever-changing market conditions and network fees. In contrast, fixed-rate swaps remain unchanged, so you get exactly what you pay for. The price of a guaranteed rate is higher, however.  

    You’re charged only for successful swaps. There are no hidden costs, with all the fees included in an exchange rate. Importantly, there are no deposit or withdrawal fees. 

    The service is not limited to crypto-to-crypto swaps, providing users with an instant fiat-to-crypto exchange option as well. There are over 50 fiats supported via partnerships with Guardarian and Simplex, that can be paired with over 250 cryptos available on the platform.

    ChangeNOW users can go either for in-app trading on both Android and iOS, or use the ChangeNOW full-scale online platform. There’s also a way to trade crypto via the Telegram bot, that perfectly suits the users who want to make it hassle-free to the fullest.

    Non-custodial by definition, the ChangeNOW platform lets you have full control over your digital currencies, passwords, and keys. It strives to make the user experience as smooth as possible, making access to the platform registration-free, and creating an excessive ecosystem around it. 

    NOW Product Family

    ChangeNOW has a comprehensive ecosystem of 11 side products that excessively meet the needs and requirements of its audience. A smart infrastructure includes crypto loan options, and other in-house developments like a wallet, payment system, its own node, among others. 

    Asset Listing

    You can list your coin and token on ChangeNOW. Just fill out a simple application form and get a reply in 2 business days. Yes, it’s as easy as it can be. 

    Token Swap

    ChangeNOW offers a hassle-free mainnet migration solution. Its highly skilled dev team is there to design a custom swap flow for you. You will also get your personal project manager to ensure a seamless migration process in no time.

    ChangeNOW Wallet

    Beautiful in its simplicity, the NOW Wallet is a culmination of the expertise of ChangeNow’s highly skilled development team.  

    With a focus on privacy and security, the non-custodial wallet supports the most popular digital assets, including Bitcoin, Ethereum, Dogecoin, and ERC-20 tokens.

    On a par with ChangeNOW’s crypto swap functionality, the NOW Wallet allows users to buy cryptocurrencies with bank accounts or Visa/MasterCard cards. 

    Community members can submit ideas for how they want to customize their wallets. Available for Android and iOS devices, the NOW Wallet is a real boon for crypto users.

    NOW Payments

    If you’re venturing to adopt crypto-enabled payments or donations, explore an avenue of integrating the NOW Payments protocol into your website, store, or social media accounts.

    With NOW Payments, you’ll get over 100 coins and tokens, instant payouts, low fees starting at 0.4%, and a personal support manager available 24/7. The integration process and setup are a breeze.

    ChangeNOW Mobile 

    ChangeNOW Mobile is an iOS and Android app enabling you to buy and sell Bitcoin, Ethereum, Monero, and 250+ more cryptos with USD, EUR, or a dozen other fiat currencies on the go. No accounts, limits, and custody for you to make the most of crypto exchange. You can also stake your NOW tokens to cash in on yearly rewards. The longer you hold the stake, the bigger reward you get.

    Lightning NOW

    Lightning NOW is a Lightning node hosted by ChangeNOW. Well-connected to other network participants, the node ensures smooth channel creation between Lightning Network users. It enables new use cases like instant micro-payments, speeding up the processing times. Lightning Network has amazing scalability; it is capable of processing a staggering amount of transactions per second across the network. 

    The Premium Lounge

    The Premium Lounge is an enhanced crypto platform available for ChangeNOW’s premium members. Upon registration, users get instant access to a detailed overview of their past crypto swaps and limitless crypto loans with affordable APR rates. Bitcoin and other cryptos can be used as collateral for open-ended contracts.

     NOW Nodes

    The NOW Nodes product proudly powered by ChangeNOW enables access to Explorers and Node APIs of over 40 different blockchains, including BTC, ETH, DOGE, and BSC from the top 100 CoinMarketCap.

    With the API response time of less than a second, and the node uptime of 99.95%, you may rest assured your service will have consistent access to the blockchain data. Trezor, Guarda, and many other satisfied users have already taken advantage of NOW Nodes.

    NOW Tracker 

    The NOW Tracker app by ChangeNOW is geared towards both hot and cold wallets, automatically updating your balances using block explorers. Available for Andriod and iOs, NOW Tracker is utterly secure with all the sensible information kept on your device. It supports over 7,000 coins, including Bitcoin, Ethereum, Binance Coin, Cardano, Monero, to name but a few. You can choose to display your cryptos’ current value against 20 fiat currencies. 

    Using this one-stop app, you can take advantage of portfolio distribution graphs sorted by tickers or networks. You also get its best-in-class AES-encrypted backup feature to manage all the cryptocurrencies you hold and keep track of your portfolio’s performance. 

    ChangeNOW Telegram Bot

    The Telegram Bot allows users to make swaps and trades through the Telegram platform. With its timely push notifications, you will keep abreast of the latest updates from your smartphone or via Telegram Desktop.

    Signing Up and Verification

    ChangeNOW places a high value on protecting your privacy, confidentiality, and security. With its non-custodial crypto swaps, you keep 100% control of your crypto holdings, and the whole swap process remains absolutely transparent.

    You don’t need to sign up for the platform to swap cryptocurrencies. The same goes for verification unless you’re going to buy crypto with fiat money.

    All fiat transactions require the KYC procedure. ChangeNOW tried to speed up and simplify the process to the extent possible, so it teamed up with Sumsub KYC provider to take care of that. The identity verification process is smooth and fast.

    Customer Support

    Providing spotless customer support, ChangeNOW always puts clients first. Live chat support is available on the website where all your issues are handled on time. You can also reach out to the support team via email. Additionally, there’s a FAQ page for you to find answers to some common questions.

    NOW Token

    ChangeNOW is also proud to have its native utility token NOW, which can be used as a payment for all the NOW products or for asset listing. NOW can be staked on the platform to earn rewards of up to 25% ROI. It will also be used in ChangeNOW’s cashback feature that is coming soon. 

    Referral Program

    Promote your ChangeNOW affiliate link through your website, blog, or social media account, and cash in on amounts your referrals exchange.  

    Safety

    There are no reasons to doubt ChangeNOW’s safety. Being at the forefront of the crypto industry for several years already, it complies with the best security practices and industry standards.

    All the private information is encrypted and stored in specialized secure storage and is never transferred to any third party. So, the risk of being hacked is extremely low. ChangeNOW’s enhanced fraud prevention measures are aimed at detecting any abnormal behavior that poses a security risk. 

    ChangeNOW’s intelligent risk management AML system has proved its efficiency many times. It detected the notorious 2019 GateHub hack, resulting in ChangeNOW’s return of 500,000 stolen XRP. The recent assistance in returning about $14.5 million to Compound that was mistakenly gone out to its user due to Compound’s upgrade bug is also a bright example of the system’s success. 

    Summary 

    So, what are the most important features and benefits offered by ChangeNOW that brought it to the limelight of the crypto world? 

    ChangeNOW, a one-stop platform for your crypto needs, is geared towards enhancing your digital life. With over 50,000 swap options offered by ChangeNOW, exchanging crypto has never been easier. ChangeNOW allows you to buy or sell any asset in a snap, offering fixed rates and no hidden fees.

    You can buy digital assets for over 50 fiat currencies, including EUR, USD, and GBP, using Visa and MasterCard cards.

    ChangeNOW offers no upper limits for purchasing crypto. You can start from as low as $2 and swap as many cryptocurrencies as you want. ChangeNOW will provide the most favorable exchange rates for your trading pairs.

    Charging one of the lowest service fees on the market, ChangeNOW exchanges cryptos at a blistering pace, with an average crypto swap taking 2 minutes.

    ChangeNOW sticks to the “good karma” principle. It believes that empathy, sincerity, and trust in business relationships are the true demonstration of core crypto principles. Perhaps this is what takes it to new heights of success and effectiveness.

    ChangeNOW embraces feedback and ideas from the crypto community, pursuing opportunities to further improve its products and services. 

    Prioritizing customer satisfaction, ChangeNOW constantly scales its innovation efforts to provide a growing number of its customers with best-in-class crypto solutions.  

    So whether you’re a crypto-savvy fan or just dabbling in the digital world, there has never been a more convenient way to access the full range of crypto products and services thanks to ChangeNOW.

  • Total Value Locked on Solana (SOL) Blockchain Has Increased 10x Since August

    Total Value Locked on Solana (SOL) Blockchain Has Increased 10x Since August

    Key takeaways:

    • The total value locked (TVL) in Solana-based DeFi protocols has experienced exponential growth since the beginning of August
    • TVL now stands at $13.62 billion, having gained more than 1000% since August 1
    • SOL has been trading within striking distance from its previous ATH over the last couple of days

    Decentralized finance (DeFi) activity in the Solana ecosystem has been surging since the beginning of August. The total value locked (TVL) on the Solana blockchain has reached an all-time high of $13.62 billion on October 25 and shows no signs of slowing down.

    More than $13 billion locked in Solana-based DeFi protocols

    Solana has been one of the best performing digital assets of 2021, with year-to-date gains of over 13,000%. The blockchain network has been repeatedly dubbed “Ethereum killer” due to its highly efficient proof-of-stake (PoS) consensus mechanism that uses far fewer resources to process transactions compared to ETH’s somewhat outdated proof-of-work approach.

    While the Ethereum network still accounts for by far the biggest share of TVL locked in its DeFi protocols (with $162 billion at press time), according to data aggregation service DefiLama, Solana has been steadily closing the gap over the past couple of months. 

    While the TVL figure stood at  “only” $1.22 billion on August 1, the number has since increased to over $13 billion in the span of fewer than three months. Saber automated market maker (AMM) optimized for the trading of native Solana assets accounts for the biggest share of TVL with $2.07 billion. Saber AMM is followed by Raydium with $1.91 billion, Sunny with $1.91 billion, and Sunny’s TVL of $1.74 billion.

    The total value locked in Solana-based DeFi protocols has reached its peak on October 25. Image source: DefiLama

    Unsurprisingly, Solana’s price performance has been closely aligned with the success of the DeFi ecosystem. SOL has reached its ATH above $213 on September 9, while TVL reached its respective ATH figure just three days later.

    SOL’s stellar showing in the last couple of months can in large part be attributed to the non-fungible token (NFT) boom. For instance, the NFT sale of ‘Degenerate Apes’ digital collectibles in mid-August has pushed the price of SOL to its then highest mark of $64. According to DapRadar, Solana’s NFT marketplace Solanart has grown by 117% month-over-month.

    The price of Solana has been moving in tandem with TVL. 

    Ever since Bitcoin reached its new ATH last week, Solana has been on a tear – growing by 33% in the span of seven days and placing as the 5th largest cryptocurrency by market cap on a $63 billion valuation. 

    At the moment, Solana is just 2% removed from its previous all-time high and is currently exchanging hands at $209. Given the positive sentiment permeating the markets, SOL is very likely to set a new high in the coming days.

    Buy/Sell SOL