Columbus-5 upgrade has laid the foundation for Terra to work seamlessly with other blockchains
According to Terra co-founder, more than 160 projects are preparing to launch in the upcoming months
The integration of IBC and Wormhole will make Terra interoperable with Binance Smart Chain, Cosmos, Ethereum, and Solana
Columbus-5 upgrade that launched on September 30 is the most significant mainnet update to the Terra ecosystem to date. It successfully laid the foundation for the upcoming launch of inter-blockchain communication (IBC) protocol and Wormhole interoperability solution, which will significantly expand Terra’s functionality.
IBC and Wormhole are slated to go live this week
Do Kwon, co-founder and CEO of Terraform Labs, the South Korean company behind Terra, told AsiaMarkets that 160 new projects are preparing to launch now that Columbus-5 is finally here. According to Kwon, sixty projects are eyeing the six to eight-week launch window, while more than a hundred are preparing for the early 2022 launch.
Terra's ecosystem sprint into the end of the year is gonna be a sight to behold.
IBC allows digital tokens transfers between Cosmos blockchain and IBC-compatible chains. IBC integration will introduce countless decentralized applications (DApps) from the Cosmos ecosystem and simultaneously allow Terra’s native stablecoin TerrUSD (UST) to operate between blockchains.
While the integration of IBC introduces interoperability with Cosmos, Wormhole will enable cross-chain operations between native Terra assets and Binance Smart Chain, Ethereum, and Solana. This will allow “UST to be seamlessly ported to some of the largest chains by TVL and users in the entire industry,” Kwon explained.
UST is a DeFi stablecoin designed to maintain stable value to the US Dollar. UST is the first decentralized stablecoin that is scalable, yield-bearing, and interoperable. Kwon believes that recent regulatory scrutiny against centralized stablecoins, such as USD Coin and Tether, will make investors more likely to try out algorithmic solutions. UST is in a prime spot to take advantage of this trend. With a valuation of $2.73 billion, UST is currently the 5th biggest stablecoin in the market.
LUNA reached its ATH of nearly $50 shortly after the launch of Columbus-5 on October 4. Since then, the price of LUNA has retraced by more than 25%. LUNA has increased by more than 55x since January 1 and is currently trading as the 12th largest crypto on a $14.4 billion valuation. Judging by YTD metrics, LUNA is among the best-performing digital assets of 2021.
If you are a crypto trader and you want to do more to decrease your carbon footprint, then you will be interested to join our contest. In addition to multiplying your cryptocurrency via our innovative Multi HODL tool, you also get the opportunity to win a free Tesla Model 3, Vespa Elettrica or Electric Mountain Bike.
In collaboration with Impact Scope, a company that is focused on decreasing the carbon footprint of their customers, we will be offsetting your Bitcoin transaction carbon footprint.
We will also send you a certificate for your participation in this contest. Crypto Carbon Emissions Offset from Impact Scope will be given to all participants of the promo, regardless if they win or not. This way everyone can feel involved and help us fight against climate change.
Our partners, Impact Scope will help to restore the environment in Kenya, Wetlands in Borneo, and Rainforests in Brazil. To do it we are offsetting your Bitcoin carbon footprint. All projects offsetting done by Impact Scope are audited by Verra, the global leading program to tackle the world’s environmental and social issues.
How to Win A Tesla with YouHodler
This promo is only for our users who have an account on the YouHodler platform. If you haven’t already, don’t miss this chance to enter and win a Tesla Model 3 or Vespa Elettrica, or Electric Mountain Bike.
Multi HODL is a margin trading tool that allows traders to take advantage of the volatility in the crypto market despite not being an expert in trading and crypto investment. Multi HODL helps traders who want to take advantage of the market movement and multiply their crypto holdings up to x30 times without having to deal with all those technical details related to crypto investing through crypto margin trading.
To get started with Multi HODL and win a Tesla through trading crypto, first, you have to install the YouHodler Crypto Wallet App on your device. Then, you can go directly to the Multi HODL section on the app and choose your desired parameters. Multi HODL offers several options of parameters, including:
Currency Pair and Price Direction
Using this parameter, you can choose your desired currency to use while you trade crypto. YouHodler also allows you to stay on the top of the market by letting you determine your preferable price direction. With price direction, you can choose between the UP and DOWN options, so you will have the opportunity to gain from both price growth and price drop!
Source of Funds and Amount
YouHodler allows you to determine the initial amount of your investment. To participate and win the opportunity to buy Tesla with Bitcoin, the minimum amount of your initial investment should be more than USD 500. For every USD 500 equivalent in the deal input, you will have one ticket for the lucky draw. So, if you open the deal for USD 1,000, you will get two tickets. If you open the deal for USD 3,000, you will get six tickets, and so on! The bigger the amount you set to open the deal, the higher the chance to win a free Tesla!
Multiplier
This parameter is set to determine the risk that you are willing to take. This will allow you to set your investment risk based on your own needs. You can choose between the “small profit with the minimal margin call risks” option, or “high profit with a high margin call risks” option.
Take Profit and Margin Call Levels
With Take Profit, you have full control over this process and can close all contracts manually before selling them on an exchange or selling them in chunks on secondary markets. With Margin Call, the platform will automatically close your contracts at the price of the last transaction that occurred on this particular token. It is ideal for those who do not know exactly when to take profits. Margin Call is set as the default, however, you can change it to manual through the app settings.
Trade Crypto to Win A Tesla with YouHodler
If you already trade crypto and you want to win a Tesla, or if you want to help to offset the carbon footprint of the crypto market, you should join this giveaway! Every deal with Multi HODL will offset your Bitcoin transaction carbon footprint in addition to potentially helping you win a new electric vehicle.
The HODLers and Multi HODLers (those who also participate in giveaways) will offset their transaction carbon footprint for one year. For each transaction, the sender will receive a certificate of offsetting activity from the team. This will increase in importance as time goes on, and will be published on our website to show the carbon footprint of the community. If you want to be sure that your crypto emissions are offset by this giveaway, then participate in it. The more transactions you do, the more important your certificate of offsetting activity becomes! You can participate in this giveaway and increase your carbon footprint at the same time.
After that, you can submit your account number on the promo page. To find your account number, you can check your profile section on the YouHodler app. By submitting your account number on the promo page, you can track and monitor your own status as well as other participants! You can see how many tickets you have earned, as well as the number of tickets that others have gained.
As a winner, you will be able to win a Tesla Model 3 or Vespa Elettrica, or Electric Mountain Bike. The Tesla Model 3 will be delivered in the countries available for delivery only. The Vespa Elettrica and Electric Mountain Bike can be ordered and delivered in the winner’s country (with a budget not more than cash alternative from point 3). Any applicable registration costs, or further taxes or duties of any nature due in the winner’s country will be the responsibility of the winner. The Tesla Model 3 can be delivered in all countries.
If you are not looking to own a Telsa Model 3 and prefer to be rewarded in stablecoins or crypto alternatives, then you can win $40,000 (USD) for Tesla Model 3; $7,800 (USD) for Vespa Elettrica; $1,850 (USD) for Electric Mountain Bike.
Bitop Exchange, a sociable CFD cryptocurrency exchange supporting up to 100X leverage, has embarked on an educational drive for its over 100k global clientele base.
Education Campaign
In a series of tweets, the exchange posted several education materials for cryptocurrency traders and investors, guiding on general strategy and psychological trading tips. Bitop Exchange takes a multi-faceted approach, primarily focusing on simplicity, while offering services to its clients reading from material on its homepage.
The exchange also has an open learning center. This portal, the ramp explains, aims to provide a one-stop learning resource for cryptocurrencies and derivatives trading. In combination, a focus on security and education would help the exchange achieve its objective of being user-centric.
Over 70 Million Active Cryptocurrency Wallets
Blockchain and cryptocurrencies are distinguished from traditional markets by their technological approach.
Opting for decentralization and prioritizing community, blockchain projects have found success. At the same time, some of the world’s leading cryptocurrencies command hundreds of billions in market cap. Mirroring this success is the adoption curve that continues to slant up.
Statistadata reveals that there are over 77 million unique and active cryptocurrency wallets. While others prefer to hold their cryptocurrencies participating in blockchain gaming or DeFi, most prefer to trade digital assets.
However, as an emerging field, finding a reliable trading platform offering various solutions to meet the needs of traders can be a challenge. Depending on the area of operation, some exchanges like Binance and FTX have had their derivatives leverage capped at 20X.
Moreover, in some instances, cryptocurrency exchanges are barred from offering complex crypto products regardless of their capabilities.
Simplicity is the Ultimate Sophistication
The Bitop Exchange has a simple user interface and supports various cryptocurrency instruments.
Besides the support of spot trading–where over 20 digital assets, including Bitcoin, Ethereum, and DeFi tokens are listed–, the exchange offers various contracts such as crypto options and derivatives.
Recently, Bitop Exchange announced the launch of the Copy Trading feature. It is a tool that would benefit the skill of experienced traders while concurrently allowing new traders to learn from the industry leaders as they copy their trades. Complementing this service are copy order synchronizer, simulated trading systems, and intelligent risk reminders.
The crypto CFD exchange said these tools are designed with the trader in mind. Therefore, they are simple to use, set to minimize investment risks, and prioritize making the trader understand the risk associated with every product on offer.
Compliance with Regulators’ Stipulations
Despite the role of cryptocurrency exchange and the effort placed by exchanges on user education, regulations play a significant role.
Recent announcements by the SEC and regulators in the U.K. have seen exchanges like Binance slash leverage and enforce KYC to help authorities tackle money laundering and terrorist financing.
Bitop Exchange has a presence in over 150 countries with over 100k clients, operating from offices in the U.S., Singapore, and Taiwan. To remain compliant, the exchange is registered as an MSB (Money Services Business) in the U.S. and Canada. It continues to apply for licenses in other countries.
Security is Critical in Crypto
A big part of the sociable CFD education is also on fund security. The exchange says they combine centralized and decentralized methods for fund protection, securing its liquidity providers and partners.
The exchange has revealed that it has a security team of over 30 experienced engineers and cyber security experts employing a multi-level firewall for real-time monitoring of any data abnormalities.
Moreover, acknowledging that the security of any cryptocurrency exchange is critical, they regularly update its system. The latest Spot Trading System and Upgrade, for example, was executed on September 27.
After another week of green numbers, the cryptocurrency market has climbed to a total valuation of $2.52 trillion. Most of the total market capitalization increase can be attributed to appreciation of the 3 largest cryptocurrencies – BTC, ETH and BNB, which gained 7%, 5% and 10% respectively last week. Bitcoin, which climbed as high as $62,500 during Week 41 is again in the centre of attention. However, the reason is not only its amazing price performance, but also the rumoured launch of a US Bitcoin futures-based ETF. We are very excited to see what Week 42 has to offer for the crypto investors and followers.
3. Olympus DAO (OHM)
Olympus DAO is a decentralized reserve currency protocol that launched and operated the OHM token. OHM token is a free-floating reserve currency. It must be emphasized that OHM is not a stablecoin as it is not pegged to any government issued currency, such as USD. Olympus DAO notes that the perception that stablecoins always keep their value is false, as the currency they are pegged to can depreciate, meaning that the stablecoin depreciates as well, even though its dollar denoted price stays the same (say 1.00 USD). To address this issue, OHM is backed by a basket of assets kept in the Olympus treasury. Each OHM is backed by, but not pegged to, 1 DAI. If OHM trades below 1 DAI, the protocol will buy back and burn OHM. In addition, Olympus offers staking and bonding based on unique game theory-based incentives and penalties.
OHM rallied to over $1300 riding on strong project fundamentals and Olympus v2 announcement
Olympus has been recently very successful in terms of cross platform integrations. Among the latest integrations is OHM/TOKE staking pool that is expected to launch next month following the vote that showed that TokeMAK community members support Olympus DAO’s inclusion to Token reactor network. In addition, the developers of the reserve currency project recently announced Olympus v2, which will feature improved decentralization and immutability, revamped bond offerings and the launch of Olympus Pro. All this positive news inevitably translated to a growing OHM price, which recently shot above $1300 again. While the price has since dropped to $800, OHM is expected to perform well in the future, both due to the strong fundamentals as well as the protocol tokenomics. According to data provided by OpenOrgs.info, Olympus DAO’s treasury currently holds over $370 million worth of assets and is the seventh-largest DAO treasury in existence. Furthermore, Olympus partner Rari Capital offers a 7,900% return on supplied sOHM. It is no wonder that sOHM is one of the most staked assets on DeFi protocol Rari Capital.
2. Polkadot (DOT)
Polkadot is a blockchain solution that allows multiple specialized blockchains called parachains to run at the same time and interoperate. Polkadot can connect diverse blockchains into a single, decentralized and highly scalable ecosystem. The network operates using a proof-of-stake consensus algorithm and utilizes a native currency DOT. The project was originally designed by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor the smart contract programming language named Solidity. Along with Cardano, Solana, and several other networks Polkadot is considered one of the potential “Ethereum killers”.
Polkadot Parachain auction schedule approved, first auction scheduled for November 11
Polkadot Council has recently approved the parachain auctions schedule. The first batch of five parachain slots will be auctioned on a weekly basis with the first auction slated for November 11. Each slot auction will last 7 days, but the first five parachain auction winners will only be deployed to Polkadot on December 15. The winning projects will get a parachain slot for a duration of 96 weeks. The Polkadot Council has also approved the second batch of five parachain slots. The auction of the second batch will begin on December 23 and will take on the same format as the first batch, except that a new slot auction will begin on a bi-weekly basis as opposed to one slot auction every week in batch #1. Interestingly, cryptocurrency giant Binance already announced that they will support the Polkadot Parachain Slot Auction process in order to help with Polkadot’s ecosystem development. The exchange noted that more info about the event and its support of it is coming soon. Following the competition of the Parachain Slot Auction vote, DOT jumped up by more than 20% and reclaimed $40 valuation. Polkadot’s native currency is still changing hands around that value. Nevertheless, technical analysis and historical events from Kusama, Polkadot’s canary network, shows that DOT could be eying a breakthrough to $75, while some people in the industry are optimistic that we will see DOT changing hands at $100. Let’s remember that KSM, the native token of Kusama, surged by more than 70% following the announcement of first Kusama parachain slot auctions in February 2021. If DOT manages to pull a rally of a similar magnitude, $75 is a totally reachable target.
1. Bitcoin (BTC)
Although we believe Bitcoin does not need much introduction and that all eyes would be on it even if it were not featured on our list, here is a short summary of the history and key characteristics of the first truly decentralized digital currency. The world’s pioneer cryptocurrency was launched by pseudonymous figure named Satoshi Nakamoto in 2009 and has a capped supply of 21 million coins. The decreasing miner block rewards makes the cryptocurrency scarcer with time, ensuring a deflationary nature. Bitcoin is also often referred to as the barometer of the cryptocurrency market as other assets usually follow BTC’s price performance.
The first-ever US Bitcoin futures ETF could very likely commence trading next week
According to Bloomberg, the US SEC is likely not going to oppose the proposal for a Bitcoin futures-based exchange traded fund (ETF) filed by ProShares within the determined deadline, which expires this week. This effectively means that these BTC futures ETFs could hit the US market. Although the regulator has repeatedly rejected every Bitcoin ETF application for the better part of the last decade the ETF proposal in question is based on Bitcoin futures contracts and not BTC itself. In addition, the proposal was filed under mutual fund rules, which the SEC Chairman Gary Gensler believes provide significant investor protections. Both the US SEC spokesperson as well as an official from ProShares declined to comment the news, while Bloomberg cites anonymous people close to the matter as the source of the information. To sum it up, this is almost pure speculation for now, however, if the news does turn out to be true, it could give BTC market a significant boost. BTC and the crypto market as a whole have experienced substantial growth in the past two weeks, and a Bitcoin ETF being traded in the US could very likely push the price of Bitcoin past its previous ATH of $64,800.
MojitoSwap, a KCC-based decentralized exchange (DEX) has officially launched. Users can start trading on MojitoSwap from October 15, 2021. MojitoSwap is developed by a group of KCS community members, aiming to offer easy access to the KCC DeFi ecosystem. Along with its launch, 1 million MJT tokens will be airdropped to incentivize early adopters.
With the evolution of the crypto market, various DeFi applications have been launched to meet the growing demand of developers and investors. Furthermore, as public chains backed by top crypto exchanges became popular, leading DEXes like PancakeSwap achieved great milestones. PancakeSwap, as the DEX protocol built on BSC, surpassed UniSwap to be the top decentralized exchange, and MojitoSwap is committed to becoming the next generation of DEX based on the KCC ecosystem.
MojitoSwap will airdrop 1 million MJT tokens when launched. MJT (MojitoToken) is the native token of MojitoSwap, with a total supply of 100,000,000. MJT is a utility and governance token with rich use cases. MJT holders not only can participate in liquidity mining and lending for profits but also have the right to the future governance of Mojito DAO.
According to MojitoSwap, there are two rounds of airdrops in total. The first round has already been launched on October 9, 2021. Users who have made a certain number of transactions on KCC prior to the block height of 2,080,000 will be eligible to participate. The airdrop will last for six months.
The second round of airdrop will initiate from October 19, 2021. KCS holders who reach a certain number of tokens in their KCC wallet between 00:00:00 on October 19, 2021 to 00:00:00 on October 21, 2021 (UTC) are eligible to join. Airdrops will be announced within working 7 days after the snapshots being taken. Please visit the official website of MojitoSwap for more details.
A diversified range of functions are planned to be launched on MojitoSwap in the following months, such as Bar (Farm), Wine Pools, Cocktail Tickets and NFTs, etc.
About MojitoSwap
MojitoSwap is a DEX developed by a group of KCS community members, and it aims to offer easy access to the KCC DeFi ecosystem. The team behind MojitoSwap consists of technical experts who previously worked for large Internet enterprises with rich experience in blockchain development, senior research analysts who deeply engaged in multiple blockchain projects and have an in-depth understanding of DeFi ecosystem, HODLers, and early investors of BTC and ETH.
About KCC
KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fee of Ethereum. It is Ethereum-based, and compatible with EVM and smart contracts, to provide community users and developers with a higher-speed, more convenient, and lower-cost blockchain experience.
The YouHodler Savings Accounts is a unique crypto savings account, which allows you to save and earn crypto interest on cryptocurrency. If you have not heard of YouHodler Savings Accounts before, it can be a bit confusing at first. In this article, we provide the most comprehensive introduction possible for what YouHodler Savings Accounts is and how it works.
How YouHodler Savings Accounts Work
The YouHodler Savings Accounts is a unique investment product that allows you to invest in various digital assets and earn crypto interest on those assets. You will gain up to 12.3% annualized interest on USDC, PAXG, TUSD and USDT as well as other stablecoins. The YouHodler Savings Accounts works by allowing users to deposit fiat or crypto into the account and receive regular compound interest payments of up to 12.3% per year to earn bitcoin or other cryptocurrencies.
By depositing your assets into the account, you will enable the platform to “front” these funds and credit them with compound interest. Once these funds are released, they will be deposited into your Bitcoin wallet as payment for compound interest earned during that week. The interest payments come from the loan fees YouHodler earns on other lending products like.
Are YouHodler Savings Accounts Safe?
The platform has partnered with Ledger Vault, a company that specializes in crypto asset management software solutions for institutions and large-scale investors. Its’ proprietary security features will provide YouHodler Savings Accounts users with $150M of crime insurance. This feature protects users against theft of their cryptocurrencies due to fraudulent activity by third parties such as hackers or criminals who steal personal details, or due to negligence on the part of end users.
In addition, the YouHodler Savings Accounts platform will provide stablecoin custodial services that help users convert stablecoins to other digital assets. This will allow users to benefit from the high levels of liquidity and security provided by stablecoins while receiving interest payments in a cryptocurrency that is accessible on a broad range of blockchain networks.
There are several ways that YouHodler can help you earn crypto and earn bitcoin. First, we offer a crypto lending platform that allows you to use crypto as collateral and receive an instant loan with favorable conditions. Second, we offer a crypto savings account that allows you to earn interest on cryptocurrency. Lastly, we have extra features that help one multiply their crypto such as Turbocharge and Multi HODL.
How to Open a YouHodler Savings Account
To get started with YouHodler Savings Accounts, download the YouHodler app. Once the account is set up and funded, transfer your earnings into your new account by depositing crypto, or fiat (USD, EUR, CHF, and GBP). The platform will then credit your account with interest and release funds into your chosen cryptocurrency.
You can withdraw funds at any time. YouHodler Savings Accounts users can also make deposits by converting other cryptocurrencies or fiat currencies into stablecoins such as TUSD and USDC. The platform will provide an exchange service to allow users to convert other cryptocurrencies directly from their wallets free of charge.
Account Security
The platform’s built-in security features will also allow users to deposit and withdraw funds from their accounts without having to input any personal information, such as phone numbers and passwords. This feature will help keep the platform safe and secure for users who do not want to expose themselves or their friends or family members to unnecessary risks by sharing personal info with the company.
All deposits into an account are controlled using YouHodler Savings Accounts’s TDE (Trustless Deposit Escrow) solution, which will ensure that funds deposited into an account are kept safe and secure. In addition, the company runs routine security audits with third-party firms to ensure any potential weaknesses are discovered and solved as quickly and seamlessly as possible.
Withdrawing Funds from YouHodler Savings Accounts
Deposits and withdrawals of cryptocurrency from the YouHodler Savings Accounts platform is done through a unique withdrawal system that is designed to provide users with peace of mind by ensuring security and privacy. To make withdrawals from the platform, you simply need to follow these steps:
Step 1: Open your YouHodler Savings Account
Step 2: Deposit your funds into the account using the withdrawal method
Step 3: Once the funds are deposited into your YouHodler Savings Accounts account, you can continue to HODL them on YouHodler and earn interest, exchange them for fiat and withdraw to a bank or credit card or use the crypto in one of YouHodler’s many innovative services like crypto-backed loans, Multi HODL or Turbocharge.
Get Started With YouHodler Savings Accounts
To start earning with YouHodler, you have to create a wallet account first. To create this wallet, you only have to go through a simple sign-up and verification method. After the verification is complete, you have to click the “Sign Saving Rewards” button on the top of the app. By clicking on this button, you will be allowed to receive the earnings from your interest and savings.
The earnings you will get depends on the amount of money you deposit into your account. The minimum deposit amount to start earning the interest is 100 USD (in crypto equivalent), while the maximum amount is 100,000 USD on all currencies.
Conclusion
YouHodler is a unique crypto investment platform where you can turn your cold assets into hot profit instantly by depositing your crypto savings account and getting weekly interest payments. You will be able to earn crypto up to 12.3% in a year! YouHodler Savings Accounts platform uses industry-leading security features. The platform’s “Trustless Deposit Escrow” function provides free instant cryptocurrency deposit and withdrawal services for all users. This feature will ensure that funds deposited into Your YouHodler Savings Account are secure and protected from unauthorized access by third parties.
You can get your YouHodler Crypto Wallet App easily here, and start gaining interest payments from your crypto savings weekly!
If you are a cryptocurrency trader, you probably know that the volatility of the market is a challenge. It’s not easy to make a profit from your trading activities. This is where Multi HODL comes into play.
Multi HODL helps traders who want to take advantage of the market movement and multiply their crypto holdings up to x30 times without having to deal with all those technical details related to crypto investing through crypto margin trading. In real terms, this means you can multiply your crypto holdings by 30-times without actually buying 30-times more coins! Margin trading is an easy way to make money without having to use your capital.
Note: The higher the multiplier level, the higher the potential risk. Traders should trade with caution when it comes to high multiplier levels.
What is Multi HODL?: An Introduction
Multi HODL is a margin trading tool that allows traders to take advantage of the volatility in the crypto market with a user-friendly and efficient interface compared to advanced crypto exchanges. The trading platform calculates automatically when you should sell your holdings based on an algorithm that takes into consideration the current market trends.
Essentially, Multi HODL is a tool that applies the most optimal crypto trading strategies for you automatically to extract maximum profit from market volatility using margin trading to trade crypto on your behalf. It allows you to multiply up to x30 the value of your crypto and thus extract more money than usual using only the funds you have on hand.
Unlike other crypto trading platforms, YouHodler does not charge any hidden fees for lending out your coins nor does YouHodler set a fixed interest rate for them. You can close the Multi HODL position, withdraw your funds at any time and transfer them back into your main account.
How does Multi HODL work?
Multi HODL is a trading tool that helps you multiply cryptocurrency using the volatility of the crypto market. The idea is that with these crypto trading strategies, you can take advantage of price fluctuations and ride those waves for as long as possible, without risking all your capital.
YouHodler has gained a lot of attention because it allows users to change their crypto trading strategies and automatically perform trades based on their multiplier Level, which is an estimation of the percentage of your portfolio that you plan to HODL.
The platform calculates the percentage of your portfolio that you plan to HODL and, depending on this multiplier level, opens a loan for each different cryptocurrency in your Multi HODL portfolio. This way, it’s possible to open up unlimited positions per day.
Once all loans have been completed, you will have the opportunity to choose between two Multi HODL closing options – Take Profit or Margin Call.
With Take Profit, you have full control over this process and can close all contracts manually. With Margin Call, the platform will automatically close your contracts at the price of the last transaction that occurred on this particular token. It is ideal for those who do not know exactly when to take profits.
Defining your Multi HODL Crypto Trading Strategies
Step 1: Choose the source of funds.
It is possible to use your cryptocurrencies in your wallet or in an external exchange, for example, Binance or Coinbase. Once you have chosen the correct one, you will be able to see your total balance and the number of available funds. These sources of funds are suitable for long-term investment and we recommend you to use them.
Step 2: Set the profit and risk levels.
This will determine the crypto trading strategies that your account will use. You can set your limit and it will be taken into account when calculating the amount due for each position closed in accordance with the specified size of the profit that you can receive. After choosing the source of funds and set the profit level, you will be able to adjust several parameters, such as:
Take-profit (the amount and price)
Margin requirements (an acceptable loss in case of a decline in prices)
The leverage (how much money you will borrow from the platform)
Risk management (you are not protected against losses above the set loss level)
Padding (how much you can lose before opening a position with Multi HODL)
Step 3: Close positions and take profit.
You can close any position at any time by clicking on the “Close” button. When choosing the “Buy” button, you will be able to enter your desired price (in USD or BTC). If you choose the “Sell” button, you will be able to set your preferred price, which will have to be reached before closing the position. The platform will calculate the amount of funds required to close the position and it will send an automated email with this information after 10 days.
Step 4:Repeat the Multi HODL process.
You can always easily repeat the whole process by choosing the “Repeat” button. You will be able to open positions with up to 10 times your initial deposit. We recommend that you use 20% of your current savings to invest in Multi HODL and 80% for low-risk instruments such as crypto loans or savings.
Conclusion
The Multi HODL system makes it simple, fast, and easy to multiply your Ethereum, Bitcoin, or other cryptocurrencies by up to x30 times without losing more than you have invested. This platform will automatically multiply your HODL by the value you have selected. From the five parameters, the main parameter is leverage. When choosing a source of funds, you will be able to see the total balance and the available funds. You can then choose a multiplier for your cryptocurrency. The list of supported coins is constantly growing and it means that we are able to offer Multi HODL for all major cryptocurrencies.
You can get started right away with Multi HODL and it is very simple. Start earning interest from the moment you invest in crypto through margin trading and trade bitcoin easily!
In order to engage more TRON users in the governance of the APENFT platform, APENFT Foundation recently airdropped APENFT (NFT) to holders of selected tokens on TRON’s MainNet.
After receiving feedback from users, we have decided to adjust the airdrop strategy so that rewards can be distributed to TRON ecosystem supporters more accurately. Previously, APENFT(NFT) airdrops were made to holders of TRC20-BTC, TRC20-ETH, TRC20-TUSD, TRX, BTT, and JST on the TRON MainNet.
But from now on, only holders of WIN, TRX, BTT, and JST will receive airdrops.
● Details:
1. Airdrops will be made to WIN holders, rather than holders of TRC20-BTC, TRC20-ETH, and TRC20-TUSD, while the overall airdrop amount remains unchanged;
2. The adjusted airdrop strategy will be effective from November 10, 2021 at 12:00 (UTC), while the date for the last airdrop, June 10, 2023 at 12:00 (UTC), remains unchanged. (The first airdrop was made on June 10, 2021 at 12:00 (UTC), and so far five airdrops have been completed);
3. According to the new airdrop strategy, holders of the following four tokens will be able to receive different proportions of APENFT(NFT) airdrops:
WIN Airdrop
TRX Airdrop
BTT Airdrop
JST Airdrop
10.00%
40.00%
30.00%
20.00%
● Airdrop rules:
To ensure fair and just airdrops, all TRON addresses that meet the airdrop criteria are eligible to receive APENFT (NFT) airdrops. Please contact APENFT (NFT) customer support at airdrop@apenft.org if your eligible TRON address fails to receive the APENFT (NFT) airdrop or if you have any question on it.
● Community users:
Addresses with WIN, TRX, BTT, and JST balance on the TRON MainNet can receive APENFT(NFT) airdrops of corresponding proportions. Addresses on TRON’s blockchain with at least 100 TRX, 100 JST, 2000 BTT, and 15000 WIN in their balances will receive the airdrop of APENFT (NFT). It requires no action from users to claim the airdrops, and both frozen and unfrozen addresses can receive the airdrops.
● Exchanges and custodial wallet (centralized wallet) institutions:
Users who hold WIN, TRX, BTT, and JST in exchanges are also eligible for proportionate NFT airdrops on the premise that their exchanges must support APENFT (NFT) airdrops.
Exchanges are advised to follow APENFT’s official Twitter, Blog, Medium and other official channels or contact us through the information provided below for technical and PR support. We also advise exchanges to give support to our adjustments in the airdrop strategy and make it ready and release an announcement accordingly before November 1, 2021.
Since APENFT (NFT) is the governance token of APENFT, exchange wallets receiving the airdrops may not be able to take part in the governance of the NFT platform. Therefore, these wallets will receive APENFT Foundation’s airdrops after their exchanges complete the technical tweaks and release an announcement. In cases where an exchange misses the airdrops, you may apply for additional airdrops from APENFT. The exchange will receive the airdrops once it passes the qualification check for “redistributing tokens to users on the exchange”.
Note: Due to the high volume of tokens to be distributed, it may take 72 hours to receive the tokens. If your tokens are stored in exchanges and wallets that support our airdrop program, you can contact our customer service for help.
Email:
For any questions related to the airdrop, please contact airdrop@apenft.org.
For technical issues, please contact tech@apenft.org.
Note: APENFT Foundation reserves the right of final interpretation for this campaign. Rules and time of airdrops are subject to change.
Bitcoin manages to surpass $60K as the market sentiment turns overwhelmingly bullish following the news of the SEC likely approving a first-ever BTC ETF
Bitcoin has been through considerable ups and downs over the last 5 weeks
BTC is now just 7% away from its previous ATH
Bitcoin has just surpassed the psychological $60,000 level for the first time since April. In the eleven-year-long history of Bitcoin, the world’s largest crypto has spent only 7 days, or 0.18% of its total existence, above this monumental level.
While Bitcoin has started rallying at the end of last month, increasing in value from $41,400 on Sep 29 to $57,530 on Oct 14, the final push came today, after the news of the SEC approving Bitcoin futures ETF started circulating and immediately sparked strong bullish market momentum.
Bitcoin surpasses $60,000 and is now sporting a market cap of $1.13 trillion.
The ability of Bitcoin to not only withstand the turbulent affairs of last month but to rally past $60,000 points to resiliency that few assets possess. To quickly recap, on Sep 7, Bitcoin dropped to $43,000 as a cascading effect of liquidations saw 90% of longs worth $3.54B liquidated in the span of a few hours. Losses were quickly recovered in the following days, however, the fake news of Litecoin partnering with Walmart on September 14 provided another shock to the market.
September started off on a rocky note, as the massive flash crash pushed the price of BTC to $43K.
On Sep 20, the crypto market lost 9% and fell below $2 trillion as crypto got caught up in the selloff of Evergrande, a Chinese real estate behemoth. Once more, the market managed to bounce back and recover the majority of its losses very quickly, however, it wasn’t for long. Just four days later, China announced a blanket ban on crypto, which pushed crypto prices towards a multi-week low and saw BTC tumbling towards $41,000.
Fortunately, October started off on a bullish note. The total crypto market cap surpassed $2 trillion again and BTC rallied above $47,000. Since then, the bulls haven’t let up and today Bitcoin is exchanging hands at more than $60,000 per coin.
Some cryptocurrency market analysts, such as the prominent and vocal BTC maximalist Tone Vays for instance, are convinced we will see BTC continue to rally and reach the $100K mark by the end of 2021. Given the recent developments with Bitcoin ETF and an increased interest from institutional investors that is likely to follow, it certainly doesn’t seem out of the realm that we will see BTC surpass that monumental milestone.
Interestingly, BTC is the closest to its all-time high price out of all the top 100 largest digital assets. At the moment, the world’s first crypto is trading just 7.38% below its previous ATH of $64,816.
