CoinCheckup

Blog

  • Fantom-Based Ethical Payment Solution Retreeb Partners With Probit Global for IEO Following Successful Integration of the Surging Layer 1 Platform

    Fantom-Based Ethical Payment Solution Retreeb Partners With Probit Global for IEO Following Successful Integration of the Surging Layer 1 Platform

    As part of ProBit Global and ethical payment solution Retreeb’s mutual and overarching support of the rapidly growing Fantom blockchain, the IEO powerhouse will host the final leg of Retreeb’s token fundraising initiative until September 13 following the exchange’s integration of its first Fantom-based project. 

    The IEO marks a wider commitment to the rapidly growing Fantom ecosystem as ProBit Global continues to expand its global markets with top-growth projects capable of spurring innovation and unique value propositions. 

    Early-stage adopters can also accumulate a 3% bonus when completing payments with PROB, a utility token unlocking cascading structure of trading benefits across the platform’s key offerings. 

    The current choke points in traditional credit card solutions, namely high trading fees and commissions, are further exacerbated by the dominance of Visa and Mastercard in the global card and payments market with volumes of $1.97T and $837B. 

    Retreeb spearheads efficient and low-cost transactions through a dual token system to resolve key pain points while augmenting its cornerstone solidary cashback system that funnels 33% of all revenue to approved social organizations with zero-commission fees. 

    With 77% of consumers and 73% of investors prioritizing CSR-aligned businesses, the CSR Launchpad provides immediate funding to social and environmental funds that are voted in by holders.

    (s)Treeb serves as the platform’s key stablecoin backed by an equal amount of collateral in the respective currency reserve, lowering commission fees to as low as 0.9% for merchants while benefiting social causes for every transaction made. 

    The (u) Treeb token plays a pivotal role in aligning the key value propositions of both CSR and cryptocurrency by providing unprecedented levels of system governance, allowing holders to stake tokens and vote for prospective social causes. 

    Retreeb has adopted the Lachesis aBFT consensus mechanism used by Fantom to enable equal distribution of validation rewards due to nodes achieving consensus independently and bypasses the need to vote on the network state for a considerable boost in throughput and finality. 

    ABOUT RETREEB
    Retreeb is a new decentralized way to pay, simple, practical, economical, which allows you to act in accordance with the universal values of ethics, sharing and solidarity. Retreeb is the first distributed payment solution that shares one third of its network fees to fund social and solidarity projects.

    Launched in 2019, our mission is to build a payment ecosystem that creates the conditions for a better distribution of value, but without additional fees to consumers.

    ABOUT PROBIT GLOBAL
    ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 600+ altcoins in 1000+ markets.

    PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS 
    200,000+ community members
    1,000,000+ monthly active users
    3,000,000 monthly web visitors
    50,000,000 users on partnering aggregators and wallets such as CoinMarketCap
    User interface of Multilingual website supporting 41 different languages
    Marketing and community support in 8 key languages

    Join our active programs and get huge benefits!
    1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
    2. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit
    3. ProBit Exclusive: Subscribe to 50% off Top 200 tokens 
    4. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

    ProBit Global: www.probit.com
    ProBit Telegram: https://t.me/ProbitEnglish

  • Bitcoin drops to $43K, Ethereum below $3,200, in the Span of Minutes

    Bitcoin drops to $43K, Ethereum below $3,200, in the Span of Minutes

    During today’s massive sell-off event, the cryptocurrency market cap slid from $2.31T to $2.12T in the span of 5 minutes. Almost all major coins were showing double-digit losses. Most notably, Bitcoin fell to $43,000 before bouncing back to $47,087 at the time of this writing.

    A minutes-long sell-off event sees the price of Bitcoin drop to $43,753.

    The second-largest cryptocurrency, Ethereum dropped to $3,179 as it lost 15%, before clawing back to $3,503 at press time. Other cryptocurrency projects followed in the footsteps of the big two as, at one point during the massive drop, almost all coins were showing losses in excess of 15%.

    It is unfortunate that the day on which El Salvador started using Bitcoin and thus became the first country in which BTC is recognized as a national currency is marked by such a huge market downturn. Salvadoran president Nayib Bukele took to Twitter and tagged the International Money Fund (IMF), thanking the organization for the dip and the discounted price of BTC.

    The extent to which the market has swung is most noticeable when looking at the total market cap chart. Since market capitalization’s peak value earlier in the day of $2.409T, the minutes-long drop pushed the value down to $2.165T.

    The cryptocurrency market lost more than 10% in the span of minutes.

    What triggered the almost instantaneous drop is currently unclear. Some of the more notable voices in the community are putting blame on large-volume traders, also referred to as ‘whales’. Analyst and crypto trader Scott Melker, for instance, is certain that they were the ones responsible for the massive sell-off. He also tweeted that aggressive selling on the day that Bitcoin became legal tender in El Salvador when the World Bank and other similar entities “expressed discontent about the decision is not purely coincidental.”

    The latest sell-off event resembles the one that took place earlier in the year on May 18, when the cryptocurrency market lost $200 billion in the span of a day and kickstarted a prolonged bearish trend, which saw Bitcoin drop all the way to $30,000, after reaching an all-time high of $64,829 in mid-April.

  • deBridge announces $5.5m fundraising five months after winning the Chainlink hackathon

    deBridge announces $5.5m fundraising five months after winning the Chainlink hackathon

    Panama City, Panama, 7th September, 2021,

    deBridge, a cross-chain interoperability and liquidity transfer protocol, is delighted to announce the closing of a $5.5 million funding round to bring the new era of cross-chain interoperability.

    deBridge is thankful to have the support and backing from great partners including lead strategic partner ParaFi. The round also saw participation from Animoca Brands, Huobi Ventures, Lemniscap, Crypto.com Capital, MGNR, IOSG, Fundamental Labs, bitScale, DFG, Chorus, SkyVision Capital, The LAO, GSR, AngelDAO, NeptuneDAO, D64, Axia8 Ventures, Mounir Benchemled, Gabby Dizon, Santiago R. Santos, and others. 

    deBridge was started as the team experienced problems with cross-chain interoperability and swaps themselves, and there was no unified and convenient solution. The project commenced during the Chainlink Spring 2021 Hackathon, where the team took the grand prize among more than 140 talented teams worldwide.

    “The raised capital will help build infrastructure and decentralized services that allow any protocol to expand to any blockchain networks to achieve greater scalability, while seamlessly interconnecting protocol components in different ecosystems”, according to co-founder and project lead Alex Smirnov. 

    The first step will be the mainnet launch later this year which will support Ethereum, BSC, HECO, Polygon, and Arbitrum. The first phase of the protocol will enable projects and users to perform cross-chain swaps and bridging and to start integrating with or build on top of deBridge. 

    “As DeFi becomes a multi-chain phenomenon, decentralized bridges that can transfer value between distinct ecosystems will become increasingly important. We are excited to support the deBridge team as they build a product that enables the movement of capital between Ethereum, Arbitrum, and beyond” –Nick Chong, investment analyst at ParaFi Capital.

    “With the advent of a mature multi-blockchain environment, a cohesive web for cross-chain communication has become not only a need, but a necessity. Due to its technically sophisticated nature, the ever-evolving notion of “interoperability” is still seen as one of the toughest nuts to crack in the blockchain world. We believe that Alex and the deBridge team have what it takes to tackle the ecosystem fragmentation and bring us closer to user-friendly and efficient multichain vision as the crypto industry moves towards the mainstream adoption.” –Roderik van der Graaf, managing partner at Lemniscap

    deBridge is looking forward to working with their fantastic supporters to facilitate cross-chain interoperability in the blockchain ecosystem and to allow projects and users to build innovative products and primitives, including cross-chain composability of smart contracts and bridging of any arbitrary asset—your favorite NFTs included.

    About deBridge

    deBridge is a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by the network of independent oracles/validators which are elected by deBridge governance. deBridge protocol is an infrastructure platform and a hooking service which aims to become a standard for:

    • Cross-chain composability of smart contracts
    • Cross-chain swaps
    • Bridging of any arbitrary asset
    • Bridging of NFTs

    Contacts
    • Alex Smirnov
    • info@debridge.finance
  • Solana Reaches Higher, Fantom (FTM) Posts a New All-Time High

    Solana Reaches Higher, Fantom (FTM) Posts a New All-Time High

    During the day of mostly negative market moves, Solana (SOL) and Fantom (FTM) defy the trend and lead the chart of the top daily gainers among the 100 largest cryptocurrencies by market capitalization. Bitcoin came within striking distance of breaching the $53,000 resistance level, before retracing back to $50,780 at the time of this writing. BTC dominance continues to slip and is currently at 41.2%, which is a clear sign that Ethereum and other altcoins are gaining steam.

    “Solana Summer” continues, SOL reaches a new ATH

    Solana continues to impress. One of the hottest crypto projects of 2021 is now up more than 118x for the year and shows no signs of slowing down. During the past three weeks, Solana has repeatedly managed to post new all-time highs and today was more of the same. In the span of 18 hours, the price of SOL increased by roughly 40%, from $139 to the new ATH of just above $194, before dropping to $180 at press time.

    Solana has clearly benefited from the popularity of non-fungible tokens (NFTs). The sale of Degenerate Apes in August, which saw the whole collection being sold in under 8 minutes and the priciest item reaching $6 million, shows just how much interest for NFTs there is in the market. Recently, the Ignition event marketing campaign managed to garner a massive amount of interest for the project and pushed the price of SOL far beyond $100 for the first time.

    Buy/Sell SOL

    Price of Fantom more than tripled since the late August rally commenced

    Looking at the 1-month chart of Fantom, we can clearly see that FTM was trading mostly sideways in August, before a massive rally started on August 29, which saw the price grew from $0.518 to a new ATH of $1.74 in the span of eight days. Since the top price point, Fantom has slipped to $1.59 at the time of this writing.

    Fantom is another crypto project belonging to the growing list of so-called “Ethereum killers”. Fantom platform is designed to provide low transactions costs and high scalability. The network uses proof-of-stake (PoS) and Asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism. Staking FTM ensures the platform’s security and seamless operation of the network and in return earns FTM token rewards for stakers.

    Buy/Sell FTM
  • Revive Project to Revolutionize Crypto Investments and NFTs with Unique Ecosystem

    Revive Project to Revolutionize Crypto Investments and NFTs with Unique Ecosystem

    Press Release: The Revive Project’s PULSE token public sale offers the crypto community a chance to be a part of and benefit from its unique investment platform and NFT marketplace. 

    September 7th, 2021, Zug, Switzerland — The Revive Project is a revolutionary platform that will allow the blockchain community to come together to invest in crypto and develop exciting NFT projects. Revive has created an unique ecosystem for NFT and crypto investments, governed by its native utility token, PULSE. 

    The ecosystem uses a 10% transfer commission to benefit its community of users in a variety of different ways. The PULSE token public sale started on the 1st of September and is running until the 30th of September, 2021. PULSE token will be listed on PancakeSwap and WhiteBIT after the Public Sale.

    Revive Project – Building an Ecosystem

    The Revive Project is developing right now 3 innovative platforms:

    1. Revive Wallet: Store & Vote 

    The Revive Wallet will have an impressive level of application and functionality, specifically the ability to vote for upcoming Revive developments. The Revive Wallet and PULSE token will be specially combined so they can be integrated 100% in the Revive NFT Marketplace, Revive Academy and Revive Exchange. The Revive Wallet will be the gate for accessing these innovative platforms.

    1. NFT Marketplace & Academy – Learn, Create and Market NFTs

    The Revive NFT Marketplace aims to revolutionize, innovate and simplify the way NFTs are created and developed. Exclusive and only accessible for PULSE holders, the NFT Academy helps guide creators through their journey as NFT developers. 

    Eduard Ifrim, CSO of Revive Project, stated:

    “The Revive Marketplace and Academy combine in a unique way to completely simplify the marketing, investment and development processes behind NFTs. “

    1. Revive Exchange – a new kind of CEX 

    The Revive Exchange will be the cherry on top of the entire Ecosystem. Its goal is to create a trading environment where we will be able to give the opportunity to all Pulse holders to invest in new and innovative financial derivative crypto products. 

    Marius Smochina, CEO of Revive Project, stated: 

    “We have already in our team some great minds from the financial sector with whom we will develop the Revive Exchange. Stay tuned for outstanding derivative assets. “

    Revive Ecosystem & Certik Audit

    The Revive Ecosystem is designed specifically to encourage long-term holding and discourage token sell-offs, with the express intention of securing maximum benefits to its token holders. To achieve this, from each PULSE transaction the Smart Contract takes a 10% commission which is reappropriated across four areas:

    • 1% goes directly to token holders’ wallets. 
    • 5% goes into the Revive Basket, an investment vehicle which uses a Smart Contract to automatically buy tokens from the selected Blockchain Projects. To start off, the basket will invest in FileCoin, Certik, Venus, TrustWallet and Cake.
    • 2% goes into the Revive Launchdome, a platform for funding new crypto projects. Yields from the Launchdome will be intermittently dispersed to the token holders. 
    • the final 2% is crucial for constantly injecting token liquidity in PancakeSwap pair Pulse/BNB 

    For all this to work, the Revive Project’s code was audited by the well known company, Certik – you can find it here

    Token Holder Benefits 

    The benefits for PULSE token holders are vast and strongly encourage long-term token holding. Although the financial benefits of token holding are huge, the knowledge, skills and understanding of NFT creation and marketing could end up holding even more value. 

    Pulse token holders will receive: 

    • 1% commission from every transaction
    • Profits from Revive Basket
    • Profits from Revive Launchdome
    • Profits from the Revive NFT Marketplace & Academy
    • Profits from the Revive Exchange
    • The opportunity to automatically enter the Revive NFT Marketplace, Academy, and Revive Exchange
    • Special discounts on fees 
    • The right to vote and special offers.

    Pulse Tokenomics

    There is a total and maximum supply of 1 billion PULSE tokens, which have been allocated in a structure that uses a vesting period for team members and investors (here)

    Public Sale & WhiteBIT Listing

    The PULSE public sale started on 1st of September at 00:00 (CET) and runs until the 30th of September at 00:00 (CET). Following the Public Sale, Pulse token will be listed on DEX on PancakeSwap and on CEX on WhiteBIT shortly after.

    Eduard Ifrim, CSO of Revive Project, stated:

    “We chose WhiteBIT as the first CEX to list Pulse token on, because they are bulletproofed in terms of security: WhiteBIT stores 96% of the digital assets on cold wallets and uses WAF to detect and block hacker attacks”

    What is Next For Revive?

    With the Smart contract development, Certik audit and Revive Basket analysis already completed, the project is looking to the expansive phase of its roadmap, following the Public Sale. Before the full launch of the Revive product line in 2022 the company will raise its token accessibility by partnering with more exchanges (WhiteBIT is already signed) and diversify its basket portfolio through its community voting process. 

    Media Contact Details
    Contact Name: Eduard Ifrim
    Contact Email: edward@reviveproject.io

    Revive Project Socials
    Blog | Twitter | Telegram | Facebook | Whitepaper | Team

    Revive Project is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

  • Axie Infinity Gamers Find a New Way of Life with ProBit Global Fully Supporting Play to Earn Through SLP Exclusive Feature

    Axie Infinity Gamers Find a New Way of Life with ProBit Global Fully Supporting Play to Earn Through SLP Exclusive Feature

    ProBit Global will continue its play to earn campaign and feature Axie Infinity’s SLP tokens at 50% off market price starting September 7. Axie infinity’s governance token AXS continues to be one of the top-performing ProBit Exclusives as it recently notched a new ATH of 92.856 USDT and over 45X for participants.

    VC firms including Arca, Three Arrows, and Hashed among a handful of others have also captured a tremendous boost of 1,160X following an $0.08 seed round and a total of $860,00 for Axie Infinity in 2020. 

    While AXS has generated interest among traders due to price action, SLP is single-handedly changing the lives of gamers who can secure their economic livelihoods through the play-to-earn spark plug that has generated significant media headlines in the Philippines. 

    The popular Ethereum-based wallet Metamask eclipsed 10M users with over 2M Filipinos leading global adoption in large part due to the surging popularity of NFT along with the Philippines consistently ranking in the top 5 in remittances. 

    The establishment of over 600 guilds has further democratized SLP earning potential through the lending of Axies for newer gamers lacking the financial resources to get started. Essentially tapping into DeFi’s successful automated money market model, Axie Infinity gamers can generate passive income by lending their idle NFT to scholars who generally earn around 70% of total SLP accrued as part of the revenue sharing process. 

    Axie Infinity’s sidechain Ronin has played a critical component behind the trailblazing pace that has generated over 1.7BN in sales by vastly decreasing transaction fees with rapid processing times and a fiat onramp for ETH to purchase Axies. 

    The Axie Treasury currently holds $635M with the overwhelming concentration of capital generated by breeding Axies through a predetermined amount of both AXS and SLP depending on the specific Axie breed count. 

    According to Delphi Digital, the treasury could comprise roughly 24% of the total supply by EOY as demand for Axies augments the value of both SLP and AXS, which will provide governance and staking features in the future. 

    Following the Philippine government’s declaration of Axie revenue as taxable income, Sky Mavis encouraged users to adhere to local regulations, a move commended by Secretary of Finance Carlos G. Dominguez III. 

    Cryptocurrency taxation has proven to be a daunting challenge due to its decentralized nature, an impasse that was on full display during the recent infrastructure bill debate. 

    Similarly, a host of questions regarding how Axie Infinity earnings will be taxed will need to be addressed as play to earn continues to be an inflection point and demonstrate the legitimacy of global cryptocurrency adoption as an alternative, democratized source of income. 

    ABOUT PROBIT GLOBAL
    ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 600+ altcoins in 1000+ markets.

    PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
    200,000+ community members
    1,000,000+ monthly active users
    3,000,000 monthly web visitors
    50,000,000 users on partnering aggregators and wallets such as CoinMarketCap
    User interface of Multilingual website supporting 41 different languages
    Marketing and community support in 8 key languages

    Join our active programs and get huge benefits!
    1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
    2. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit
    3. ProBit Exclusive: Subscribe to 50% off Top 200 tokens 
    4. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

    ProBit Global: www.probit.com
    ProBit Telegram: https://t.me/ProbitEnglish

  • Quasa International GmbH Conducts Crypto-Crowdfunding of AIO on KickICO

    Quasa International GmbH Conducts Crypto-Crowdfunding of AIO on KickICO

    The QUASA team prefers a more advanced form of crowdfunding, which is designed to protect the investor’s assets – AIO, that is, fundraising through an auction.

    The future belongs to AIO fundraising, which offers a civilized and safe approach to attracting investments.

    For one-day projects that for some reason still exist on the market, fundraising in the form of an ICO is much more profitable. Less control, less guarantees, and most importantly, quick profits. For serious projects that have been on the market for a long time, fundraising through an auction – AIO is ideal.

    Therefore, QUASA has chosen this very form of attracting investors’ funds.

    You can take part in the AIO crypto-crowdfunding campaign on the Kickico platform and become the owner of the first cryptocurrency that brings people together,  Quasacoin (QUA).

    AIO is a type of crypto crowdfunding based on fair prices. The abbreviation stands for Auction-based Initial Offering.

    In this type of crowdfunding, there is a baker who bets and supports the project. The more bakers submit applications, the higher the price of the project token will be at the end of crowdfunding. That is, the project can no longer independently put forward the price of its token.

    The cost of the token will depend on the interest of people. Unlike ICO, IEO, IDO and other forms of fundraising, the price of a token offered for sale is not fixed, but is formed by the users themselves during the auction. The more demand for a token, the higher its price. Thus, manipulations are excluded and the price of the token is formed by the market itself.

    60 days after the end of the QUASA AIO auction, the Quasacoin (QUA) token will be listed on the Kickex exchange.

    About QUASA project

    The QUASA platform is being created to solve the biggest problem faced by humanity, namely, to solve the problem of unemployment, so that people can find a job they love, provide for themselves and their families.

    By bringing together some of the brightest minds in global trade, information security, blockchain, and artificial intelligence, QUASA aims to fix inefficiencies in the US $150 trillion industry.

    The era of open, decentralized platforms like  QUASA is coming

    Through the transition to blockchain and the use of artificial intelligence, we are creating a new environment, revolutionizing the daily work.

    QUASA is the starting point for the growth and coordination of the Quasa Chain blockchain.

    The Quasa team creates algorithms that will work effectively in all conditions.

    Explore the QUASA CHAIN ​​network

    Block browsers:

    Quaplorer

    Wed Network Monitor

    You can find full information about the ongoing AIO campaign on the KickICO website, join our big journey:  https://kickico.com/ru/campaign/341/overview

    Token Info:
    • Name: Quasacoin
    • Symbol: QUA
    • Total Supply: 62,445,870 QUA
    • Supply AIO: 10,000,000 QUA
    • Contract Address: 0x4dAeb4a06F70f4b1A5C329115731fE4b89C0B227

    About the choice of projects by investors

    AIO will allow the QUASA project to establish itself as a reliable business with long-term investments. KYC / AML was carried out.

    Carrying out KYC is a big plus, both for the project and for the bakers, because the project receives a high-quality examination of the project, including the analysis and confirmation of legal documents.

    And for bakers, this is a plus, because they see the jurisdiction of the company, all documents about the company that have passed Due Diligence from Kickex specialists, and not just the usual description of the project and its White Paper.

    Quasacoin (QUA), the first cryptocurrency to connect people

    Quasacoin (QUA) is an internal platform ecosystem token that is implemented on the Ethereum blockchain and is compatible with all ERC-20 wallets.

    Monetization of QUASA services occurs at the last stage of each case of successful completion of the task by any performer in the form of a reward, instantly increasing the demand for QUA tokens.

    The use of QUA tokens is a prerequisite for working on the QUASA platform. Payment for QUA services with tokens allows you to get a 5-10% discount.

    Cost Quasacoins (QUA) espouse the actual services offered by the platform QUASA.

    In the QUASA ecosystem, some rewards will only exist in the form of Quasacoins (QUA). Ultimately, QUASA will roll out the acceptance of QUA tokens as a means of payment on the QUASA subsidiary platforms. Quasacoin token (QUA) is listed on the Uniswap exchange. 

    QUA Token Smart Contract Address: 
    https://etherscan.io/address/0x4daeb4a06f70f4b1a5c329115731fe4b89c0b227
    UniSwap QUA: 
    https://app.uniswap.org/#/swap?inputCurrency=0x4daeb4a06f70f4b1a22fe31

    About choosing a platform for crowdfunding

    Choosing a crowdfunding platform is as difficult as choosing an exchange to list a coin. Therefore, the rules for selecting a site are approximately the same.

    The QUASA team analyzed the following criteria for choosing a platform for crowdfunding:

    1. The number of projects that are currently listed;
    2. Amount of fees;
    3. The audience on the platform and its activity;
    4. Platform creation date;
    5. Criteria for onboarding projects.

    Truly efficient and responsible crowdfunding platforms will always insist on going through KYC and submitting registration documents.

    Certain prohibitions and barriers are designed to weed out scam projects. Naturally, fraudulent startups are unlikely to want to go through KYC or complete registration documents.

    After analyzing, comparing and weighing all the arguments – for the AIO, the QUASA team chose the most reliable platform for fundraising, the KickICO platform.

    AIO crypto auction start and end date

    The QUASA AIO crypto auction begins on September 7 and will last exactly one month, and will end on October 6, 2021.
    The number of QUA tokens for distribution at the auction is limited to 10 million QUA.
    The total emission of QUA tokens to be issued by the QUASA project is only 64 million QUA.

  • Top 3 Coins to Watch – Week 36

    Top 3 Coins to Watch – Week 36

    The total cryptocurrency market capitalization is slowly climbing towards $2.4 trillion as we progress towards the end of Q3 2021. Week 35 has been all about smart contract blockchains since Ethereum (ETH), Solana (SOL), Polkadot (DOT), and even oracle provider ChainLink (LINK) all posted weekly gains of over 20%. Even though Bitcoin did climb up a few percent as well and is approaching a market cap of $1 trillion, BTC dominance is still declining and will likely soon reach 40% if the downward trend continues. While it may not be enough to call it “altcoin season” just yet, the past month was, for sure, an “altcoin month”. It is therefore not surprising, that our Top 3 Coins to Watch article focuses on altcoins for the third week in a row.

    1. IOTA (IOTA)

    IOTA is a distributed ledger protocol designed to facilitate machine-to-machine transactions on the internet of things (IoT), which is a network of smart devices with different functionalities that can interoperate and communicate with each other. Since the IoT sector is growing exponentially IOTA is designed to be infinitely scalable. Furthermore, IOTA blockchain had no transaction fees, which is perfect for micro and nano-payments, which are often used in the IoT.  IOTA operates as a peer-to-peer network and relies on a proprietary technology called Tangle to perform consensus and confirm transactions. IOTA has a total supply of 2779530283277761 IOTA with all the tokens being created at launch in 2015 and none minted afterwards. The IOTA development team is based in Germany and the IOTA foundation cooperates with several high-profile advisors.

    Buy/Sell IOTA

    Hornet protocol update causes IOTA to double its price 

    After reaching a local low of $0.96 on September 1, the price of IOTA surged by 55% to reach an intraday high of $1.65 on September 2. The price climb coincided with a 234% growth in the 24-hour trading volume, which reached as high as $681 million. The large increase in interest for the project and subsequently IOTA trading activity can be explained by the roll-out of the Hornet protocol update, which hit the IOTA network on September 2. The update brought back the auto-peering feature and significantly simplified the process of running a private ‘Tangle’ by integrating a faucet plugin with the Hornet node. IOTA rally peaked at $2.06 on September 5. While IOTA has since dipped back below $2, the project has many more updates that could fuel even higher rallies scheduled down its roadmap. The project is currently transitioning to IOTA 2.0 that will feature complete decentralization (the coordinator node will be removed in an even called “Coordicide”). IOTA 2.0 will also allow its users to create digital assets like utility coins and non-fungible tokens on the IOTA network. The IOTA Foundation recently launched the Nectar Development Network, which became “the first fully decentralized, feeless data and value protocol prototype”. The Nectar DevNet is a crucial milestone in the preparatory work for IOTA 2.0, estimated to release in late 2021. Another game-changer will be the deployment of smart contract functionality. According to the roadmap info, developers are currently working on a Beta release of the IOTA Smart contract protocol. You can find more recent news about IOTA in the project’s weekly QuickTakes video.

    2. Zilliqa (ZIL)

    Zilliqa is a high-performance blockchain platform that aims to solve the scaling issues that most of the popular blockchains are facing without compromising the security of transactions. Zilliqa achieves that by incorporating sharding technology, which means that nodes are broken down into groups of 600, i.e., shards, that can run many sub-blockchains simultaneously. As more mining nodes join the network, the network’s throughput increases. The blockchain utilizes a unique consensus algorithm, a combination of Byzantine Fault Tolerance (BFT) and the standard Proof of Work (PoW) mining algorithm is used. In addition, Zilliqa supports smart contracts and has an active community of both users and developers, which is crucial for the long-term success of a blockchain platform.

    Buy/Sell ZIL

    Zilliqa Adoption on the Rise: The project Recorded 150,000 New Users every month since April

    Zilliqa recently published its Ecosystem Growth Report for Q2 2021, which, among other things, sheds light on the amazing growth of the ecosystem’s userbase. The report notes that the number of unique Zilliqa addresses grew by more than 35% in Q2 2021 and exceeded 2 million at the end of the quarter. According to an official tweet, the ecosystem has been recording more than 150k new addresses every month even though the exponential growth of users that reached its peak in April 2021 is over. The increased influx of users can be attributed to the general surge in demand for DeFi and NFT services. All other social statistics, such as Reddit, Telegram, YouTube subscribers and Twitter followers were also up in Q2 2021, indicating that real new users are likely behind the newly created addresses as opposed to old users creating new addresses. In addition to the increased demand for ZIL that could arise from the growing userbase, the blockchain’s native asset is also being made scarcer by transaction fee burning (6.56 million ZIL with an estimated value of over $1 million have been burned in Q2 2021) and the fact that 5.87 billion ZIL, taking up almost half of the ZIL’s total circulating supply are locked in DeFi protocols through staking. At the time of writing, ZIL is trading around the price of $0.130 and the cryptocurrency is up by 20% in the past week. You can find more information about the project’s recently established partnerships and the eight start-ups accepted in the ZILHive 2021–2022 Accelerator program, in Zilliqa’s August newsletter.

    3. Balancer (BAL)

    Balancer is an automated market maker (AMM), decentralized exchange (DEX), and liquidity pool protocol that allows users to swap their ERC-20 assets without having to rely on any centralized entities. Rather than using order books Balancer DEX, directly swaps one asset for another via user-created liquidity pools. Balancer is developed by BlockScience, a blockchain consulting company that raised $3 million in March 2020 for the development of its AMM protocol. Thanks to the wide selection of innovative features that set Balancer apart from its competition, the protocol quickly rose became popular among DeFi users. Balancer (BAL) token is the protocol’s governance token. 145,000 BAL are distributed among liquidity providers as a reward each week. 

    Buy/Sell BAL

    Balancer Launches on Arbitrum in a Bet to Significantly Reduce Gas Fees and Scale Liquidity

    In a recent press release, the Balancer protocol developers announced that they are launching support for the popular AMM protocol on Arbitrum, a leading Ethereum layer-2 scaling solution. Like many other DeFi projects, Balancer made this move in an effort to significantly reduce gas costs and scale liquidity on their AMM protocol. Lower fees and even higher liquidity will make Balancer an even better product that is going to be more likely to attract new users or convince users of other similar protocols to start using Balancer instead. Furthermore, according to this April announcement, Balancer is expected to soon launch on Algorand as well. After this integration, which is scheduled for Q3 2021, Balancer is going to become the first AMM available for use by the Algorand community, allowing Algorand users to create programmable liquidity pools and trading pairs with any Algorand Standard Asset (ASA). The additional positive piece of news is that BAL has been listed on the KuCoin exchange on September 2, which further increased the number of BAL on-ramps.

  • Decoin Exchange Launches its Dtrade Feature to Bring in Traditional Investors

    Decoin Exchange Launches its Dtrade Feature to Bring in Traditional Investors

    Earlier this year, the crypto industry grew to proportions many did not think were possible, with the total market cap exceeding $2 trillion. Crypto trends like DeFi are stronger than ever, and 2021 even brought a new one — the NFT market. All of this combined started bringing in an entire army of new investors who kept pushing the figures further and further up.

    With the industry’s growth, new developers came as well, rolling out new projects, new features for existing projects, and new improvements to existing features. But, as it is often the case, once the innovative wave starts, it doesn’t stop for a long time, and there have been numerous new projects recently with massive amounts of potential.

    One of the most notable ones is Decoin exchange’s newly-launched Dtrade feature, which promises to revolutionize social trading. As such, it also stands as one of the best gateways for new traders who wish to enter the crypto industry and reduce the risks to a minimum.

    How does Dtrade’s Social Trading Reduce Trading Risks?

    First things first — Dtrade is a brand new, highly innovative, and 100% transparent social trading platform that aims to disrupt crypto trading as most people know it. Of course, social trading itself is not the innovative part. It has existed for a long time, even in traditional finance, and it helped new traders get into trading by copying experts with a high success rate.

    The problem with the old social trading, however, is that newcomers can’t really be certain which traders are true professionals, and which ones got to the top of the list thanks to a lucky streak. Of course, relying on luck in trading is a bad idea. Most people will advise new traders not to try trading unless they have educated themselves enough to know what they are doing.

    But, there are always those who ignore this advice, and have a lucky streak. While luck is not something that traders should rely on, having a lucky break a few times in a row still does happen, and the trouble rises when newcomers start thinking that the lucky trader is a reliable person to copy.

    How Dtrade Changes Things

    Dtrade fights against this by increasing the transparency levels around these professionals who offer to act as guides for newcomers. Unlike other platforms that offer social trading, it provides traders with more than a simple rank list. It offers a deep insight into the top-ranking traders’ activities and actions, and it allows novices to understand why traders made the moves they made.

    It might seem like a simple and small difference, but it can change the way social trading works, simply by improving communication and increasing transparency. It allows traders to watch live sessions, where professionals make and explain their moves, and it also lets novices trade at the same time, which allows them to copy those moves as professionals themselves make them.

    Of course, there is also an auto-trade feature that is available for specific traders as they trade live, and all of it combined offers new crypto traders to earn money from the cryptocurrency industry even without knowing what they are doing. And, of course, professionals are heavily incentivized to be at their best, and help their less experienced colleagues.

    The platform is also very easy to use, so that new traders could easily navigate it and use it. Its developers are well aware of the fact that the crypto industry can be intimidating on its own, which is why they specifically designed Dtrade not to be.