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  • Meme.com Platform Going Live Following Over $6 Million in Funding

    Meme.com Platform Going Live Following Over $6 Million in Funding

    Gibraltar, UK, 28th July, 2021,

    Meme.com, which combines CoinMarketCap-like features in the meme world, is opening their platform for users around the world after raising $6 million earlier in the spring. Aiming to combine the cultural power of memes with crypto-economics, the Meme.com launch will allow people to buy and sell any Meme Tokens for the first time. 

    When built out, Meme.com gives the opportunity to create, buy and sell Meme Tokens based on the perceived value of trends on the Internet. The value created from the market will in return go to the creators and supporters of the best memes. 

    To create and buy Meme Tokens, participants will need to purchase Memecoin ($MEM), the platform’s native token. 

    “We want to create a place where people who are into a specific meme could get together and help each other to develop and help spread that meme further. Around each meme token there is a club where people help each other to empower the meme.” – Mattias Tyrberg Sir Stonks at meme.com

    However during the beta stage, only seven Meme Tokens (named Genesis tokens) will be available and released continuously over a couple of weeks, a statement reads. This is to make sure the platform works as intended before opening it up further.

    The value of the Meme Tokens is determined by the community, who support their favorite content on the platform. The Genesis tokens include This is fine, Distracted Boyfriend, Wojak, Pepe, Hide the Pain Harold, KEK and Doge. The genesis tokens will be supported by a meme club feature that will allow people to help each other improve each individual meme. 

    “We aim to build communities around each meme and want to empower all parts from the creation of the meme to the remixing and the spread. Memes that are most successful are those that have a powerful community behind them.” – Johan Unger Ancient Alien at meme.com

    Apart from the market, Meme.com beta will also introduce quests allowing the community to compete for meme incentives. These quests aim to boost user acquisition and engagement in memes on the platform. Users can select a quest and once completed they are rewarded with rare Meme.com NFTs created by crypto artists and the community. 

    The first quest will be completed when a Meme Token reaches enough $MEM locked, combined with the number of holders. This will unlock some amazing meme art by top crypto artists.

    Once the initial phase is successfully complete, Meme.com will release more features to help meme creators and enthusiasts both have fun and monetize their passion.

    About Meme.com

    Meme.com can be described as if Wikipedia and Dogecoin had a baby. A place where people explore different memes and trends on the internet. It’s a way for people that create content and memes on platforms like Twitter, Reddit, Facebook, to explore the meme economy, enabling them to monetize their creations. 

    Website | Twitter | Telegram | Telegram Announcement 

    Contacts
    • Press
    • info@marketacross.com
  • Reef Finance Opens Liquidity Bridge by Klever in New Decentralization Step

    Reef Finance Opens Liquidity Bridge by Klever in New Decentralization Step

    San Francisco, California, 28th July, 2021,

    Reef Finance has transitioned into Reef Chain mainnet, its flagship Substrate-based network, opening its doors for smart contract developers across blockchain to build high-performance DeFi protocols on top of the chain. 

    To complement the launch, Reef entered a Strategic Partnership with Klever that brings over 3 Million users to the Reef Ecosystem among additional value for the community. 

    Along with a well established product and industry reputation, Klever now also carries the title of Reef Finance’s first external validator. The partnership with Klever also enables the only liquidity bridge for Reef (ETH) and Reef (BSC) holders to exchange their Reef tokens to Reef Chain mainnet by seamlessly using Klever Swap. Additionally, once Reef holders have converted their Reef Mainnet tokens through Klever Swap, Klever brings the ability to stake Reef tokens through their wallet.

    The mainnet launch comes after completing a successful audit by Halborn, a leading blockchain security firm, which was the last necessary step before launching the network. This matches the ethos of Klever’s true and secure cryptocurrency ownership. Reef Chain enters the mainnet stage with over 200 smart contracts deployed on its testnet, with more expected to come thanks to the Reef developer support program, which offers financial and technical expertise to teams wishing to deploy on Reef Chain. 

    “It’s time that Reef opened the floodgates for DeFi,” said Denko Mancheski, Founder of Reef Finance. “Our focus is enabling a new age of cross-chain DeFi, where users from other blockchains can use Reef Chain for all their DeFi needs without hassle. This partnership with Klever is a massive step forwards in terms of decentralization and we are deeply impressed by the professionalism and success of their team. It’s with great pleasure that we announce our new liquidity bridge and staking capabilities with Klever.”

    Dio Ianakiara, CEO and co-founder of Klever had this to say about the strategic partnership:

    “Klever is all about making it easy to manage and grow your crypto, while supporting ambitious projects with the same mindset. Therefore we are proud to enter this strategic partnership with Reef Finance to provide the only liquidity bridge to Reef Mainnet seamlessly through Klever Swap and enable Reef Mainnet Staking in Klever. We are also excited to become the first external validator on Reef Mainnet, bringing vast experience of node operations as Klever today maintains close to 100 different nodes on dozens of major blockchains, and being part of advancing decentralization throughout the crypto industry.”

    Klever App offers 300+ trading pairs with over 50% of all KLV tokens currently frozen and staked by Klever users. With Reef and Klever, users do not need to go anywhere else to earn the highest and safest yield on their crypto assets.

    About Reef Finance

    Reef Finance Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.

    About Klever (KLV)

    Klever.io is a crypto wallet ecosystem serving over 3 million users worldwide via its Klever App, Klever OS, Klever Swap, Klever Exchange and other emerging products and services. Klever App is a simple, fast, smart and secure crypto wallet, serving as the epicenter of the Klever network. The Klever ecosystem supports the world’s major blockchains such as BTC, ETH, TRX, BNB, XRP, LTC and many others for storing, sending, receiving, charging and swapping cryptocurrencies. The Klever team, consisting of over 90 developers and 120 total staff, is building several platforms under their in-house development entity, Klever Labs, including Klever Browser, Klever Bank, Klever Hardware Wallet and Klever Blockchain, which will function as the foundation of the entire ecosystem. Download Klever app at klever.io. 

    Contacts
    • Press
    • info@marketacross.com
  • Panther Protocol Partners with Vegaswap

    Panther Protocol Partners with Vegaswap

    Midtown, Gibraltar, 27th July, 2021,

    Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support.

    Vegaswap is a user-centred automatic market maker that leverages multichain technology, providing users with a wide range of DeFi and cross-chain applications through its platform. It supports and enables seamless token earnings through customizable liquidity pools (LP), dynamic pricing and an intuitive UI. Vegaswap makes the work of LP provers efficient and profitable by creating provisions for unique smart pools, providing analytics and reducing impermanent loss with adaptive spread.

    “Vegaswap solves the issue of being able to trade assets from different blockchains in a DEX. It offers a global DeFi marketplace supporting cross-chain transactions. It is a necessary development in the DeFi space,” says Oliver Gale, CEO and co founder of Panther Protocol.

    “The DeFi ecosystem ($71t USD) provides transaction audit capabilities but is limited when it comes to protecting user confidentiality – DeFi cannot survive without confidentiality – Privacy enables confidentiality. The integration and partnership with VegaSwap, its attributes and other technology areas as well having Vegaswap as a Privacy Miner will lead to the modification of data to mask sensitive information of all its users.”

    Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

    Ben Cortes, CEO of Vegaswap, says: “We are very keen to work with Panther to guarantee privacy in our AMM marketplace. We have big ambitions and recognise that privacy will be a key part of the DeFI sector going forward. With Panther we will be able to transact across chains with privacy. “

    Vegaswap will list the Panther Token, $ZKP, on the exchange and Panther will include Vegaswap in its Treasury Management. In addition to integrating into the Vegaswap platform and MetaMask API, Vegaswap will act as a Privacy Miner for Panther.

    “We see ourselves working very closely with Panther and look forward to the opportunity, ” added Ben.

    About Panther Protocol

    Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

    Contacts
    • Jillian Godsil
    • jgodsil@pantherprotocol.io
  • Special TimeCoin(TMCN) Sales with the best NFT and DeFi, VTuber & Game Player Matching Service

    Special TimeCoin(TMCN) Sales with the best NFT and DeFi, VTuber & Game Player Matching Service

    TimeCoinProtocol is the decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on theTimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original crypto currency called TimeCoin(TMCN) which is already listed in BitFrorex, BiKi, and BitMart and the project is planning to be listed on Binance DEX in November and other major exchanges as well. The project has raised over 7 Million USD from equity and crypto investors. The limited numbers of token are available for special token sales until the end of October.  

    The project is currently focusing on a Gig Economy application called TimeTicket, Creator Economy applications called GameTomodachi, eSportStars, and VTuber Production, NeoRad.

    TimeTicket has more than 500,000 users in Japan and generates several million US dollars in sales. The revenue of TimeTicket has grown more than 40 times over 3 years and the business plans to expand internationally. 

    GameTomodachi is a game player matching application that targets the international market. The application will be released in September, 2021. It plans to support more than 30 languages and 1,000+ games. The project’s main focus is the Indian market and it has plans to expand to other regions. Influencers in the gaming industry and game players can sell tickets which a buyer can use to play games with or against the sellers. eSportStars is an esports tournament management application which is being continuously upgraded . Esports players can communicate and play with or against fans.

    NeoRad Production is a VTuber management service that targets the global market. NeoRad has supported several VTubers that perform game, anime, and song related streaming videos. Shirahari Uni was our first VTuber.

    The project requires further development, including the implementation of DeFi and NFT functionalities on the TimeCoinProtocol for these applications and VTuber production, and also new funds to support development and marketing costs. The project is planning to create an NFT marketplace where our VTubers and other creators in the world can trade NFT items. 

    The project can offer an innovative DeFi system which is called Creator Sponsor Staking (CSS) along with our NFT marketplace. Fans can increase their TimeCoin holding by 12% after 6 months of staking and 24% after 12 months of staking. The increased portion will be split 50/50 between the fans and the creators. In return for sponsoring, creators will provide memberships with exclusive services, NFT digital items, services and discount coupons.

    TimeTicket GmbH CEO, Masato Kakamu, explained in a recent AMA: “We want to create a place where professional players, creators, and fans can easily earn money which also helps them to better engage with their fans. To extend the GameTomodachi and eSportStars service, we want to offer esports gambling as well. We offer eSports mining for participants to earn TimeCoin. The more TimeCoin participants own, the better service they can get.”

     For this reason, the decision has been made to launch off-market token sales in order to enable the implementation of DeFi and NFT functionalities in our dApps and NFT marketplace, so that fans can support creators such as esports players, streamers, VTubers, etc. This will allow both creators and fans to receive additional tokens, as well as in-game items, art and anime characters traded using NFTs. Investors of TMCN can earn additional income by supporting creators as well.　

    Out of a total of 100,000,000 existing TMCN tokens, 10,000,000 tokens will be sold during the special token sales at more than 90% discount on the current market value. Several million dollars-worth of TimeCoin(TMCN) have already been sold and there is a limited number of tokens available for the sale.

    It will be possible to purchase TimeCoin in BTC, USDT or ETH via the TimeCoinProtocol.com/sale page, where it is also possible to consult the table of the token release periods. 

    To purchase TMCN, an investor is STRONGLY RECOMMENDED to prepare a private wallet like MetaMask. (An investor is NOT recommended to purchase TMCN using a crypto exchange account.) 

    Subscribe to the TimeCoinProtocol Telegram to earn TMCN Free Rewards and buy TMCN.

  • Ethereum’s Internet of Blockchains and Top Flight Layer 2 Polygon Endorsed for Commemorative ProBit Exclusive Anniversary

    Ethereum’s Internet of Blockchains and Top Flight Layer 2 Polygon Endorsed for Commemorative ProBit Exclusive Anniversary

    In celebration of the 1st anniversary of its premium listing marketplace ProBit Exclusive, ProBit Global has launched a commemorative Exclusive anniversary event on July 27 featuring a 50% discounted subscription window for MATIC, a top Layer 2 scaling solution in the space. 

    ProBit Exclusive debuted on July 22, 2020, featuring MATIC with a core objective of lowering the bar for first-time crypto holders to set up their portfolios with discounts on rapidly vaulting blue chips like Bitcoin and Ethereum.

    MATIC was pegged for an encore subscription round with long-term performance exceeding 100X following their rebranding from Matic Network into Polygon and has cemented its status as the premier Layer 2 to amplify Ethereum’s enormous network effects.

    Backed by 28% of circulating MATIC staked and roughly 100 validators, the Polygon PoS Chain achieves unrivaled scalability through a unique multi-layered architecture with Bor block producers who aggregate transactions for expedited confirmation and Heimdall validator nodes that publish Merkle roots on Ethereum. 

    This unique security infrastructure and EVM compatibility have cemented Polygon as the leading DeFi onramp with $8.47B TVL, outpacing Ethereum as a viable alternative due to its near-zero fees and much-improved throughput.

    Polygon-native DEX QuickSwap has quickly secured a place among the top 5 DEXes on DeFi Pulse with a robust $1.02B TVL and over $9M in 24H volume. As one of the few projects to launch via fair token distribution, the team allocated 96.75% of the total supply for the community, of which 90% will land in liquidity miner wallets to improve liquidity and reduce slippage. 

    With USDC currently the most locked token in Quickswap, Polygon has recently secured a partnership with Wyre to provide a fiat-USDC onramp for potential Trad-Fi users to enter the DeFi rabbit hole in under 30 seconds. 

    Polygon made a huge splash with a $100M allocation for the launch of Polygon Studios to build inroads into NFT and gaming with an overarching objective of bridging web2 and web3 infrastructure for the over 100,000 blockchain gamers onboarded. This development follows up another considerable mainstream boost through integration with OpenSea for a much-improved user experience on the heels of zero fees and cross-blockchain support.  

    Their NFT aspirations have crossed over to the luxury lifestyle industry with the co-establishment of the $10M UNXD Culture Fund and its first collaboration with the upcoming Collezione Genesi NFT collection, luxury brand Dolce & Gabbana’s very first NFT foray. 

    Having onboarded industry-leading Chainlink price oracles and its Verifiable Random Function (VRF) has flung the gates wide open for Polygon’s entry into gaming. VRF and its unique mechanism of providing verifiable and tamper-proof forms of randomness are critical for many gamification elements ranging from NFT item drops and executing fair blockchain auctions. 

    With the continual growth of the Esports scene into mainstream channels and projections of reaching $1.9B by 2022, Polygon has targeted a ripe market opportunity with the top Esports tournament platform Community Gaming, the recent beneficiary of a $2.3M fundraising round. 

    The integration with a premier blockchain-based Esports platform enables gamers to instantly create tournaments at just fractions of a penny while massively increasing its mainstream appeal by facilitating near-instantaneous payouts for tournament winners. 

    In addition, Polygon hosted its first tournament for Axie Infinity, which has established the play-to-earn model as a legitimate income stream in countries such as the Philippines. 

    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
    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

  • Coin98’s Strategic Funding Round Raises $11.25M, C98 Price Surges 17x Since its Binance Launchpad IEO

    Coin98’s Strategic Funding Round Raises $11.25M, C98 Price Surges 17x Since its Binance Launchpad IEO

    Key takeaways:

    • Coin98 has opened up trading on Binance with a bang, up more than 17x since its initial Binance Launchpad IEO token sale price.
    • During the strategic funding round that concluded at the end of May of this year, Coin98 managed to raise more than $11 million.
    • Many investors participated in the funding round, which was lead by crypto-focused venture fund Hashed and financial advisory firm Spartan Group. 
    • Kelvin Koh, Partner at Spartan Group said: “Spartan Group is excited to be one of the major investors in Coin98. With over 300K users and multi-chain support, Coin98 is becoming one of the leading DeFi platforms in Asia.”
    • Coin98 includes all the necessary tools to create a multi-chain platform. From its own non-custodial, multi-chain crypto wallet, to a native exchange and bridge solution. 
    • Coin98 platform includes decentralized exchanges, lending protocols, on-chain governance and blockchain-powered gaming, a truly all-encompassing DeFi ecosystem.
    • The project’s native token C98 is used for ecosystem development, staking, governance, and to give token holders additional benefits when using the platform.
    Buy Coin98
  • Tether Executives are Being Investigated by the Department of Justice

    Tether Executives are Being Investigated by the Department of Justice

    Key takeaways:

    • On Monday, Bloomberg reported that the Department of Justice is investigating Tether, focusing on the company’s conduct from years ago.
    • While the DOJ probe is confidential, the New York Attorney General’s office report from February sheds some light on the potential subject matter of the latest investigation.
    • Tether has responded to the allegations, calling the report “repackaging stale claims as ‘news’.”

    As reported by Bloomberg on Monday, executives at the helm of the biggest stablecoin in the market are facing a probe by the Department of Justice (DOJ). DOJ is searching through Tether’s old records and “scrutinizing whether Tether concealed from banks that transactions were linked to crypto”, the report said.

    Tether and its sister exchange Bitfinex are repeatedly getting scrutinized by the authorities

    As of this moment, it is not yet known what exactly the DOJ is searching for since the probe is confidential. Per the report, the officials are focused on business practices that have taken place years ago.

    However, an earlier legal battle between cryptocurrency exchange Bitfinex, Tether and the New York Attorney General’s office can shed some light on the matter. After the parties settled and crypto firms Bitfinex and Tether agreed to an $18.5 million settlement in February, the AG’s office released a report which might hint at what the DOJ is looking for via its latest probe.

    In the report, the New York attorney general’s team wrote that “at no point did Tether inform its clients or the market that from at least June 1, 2017 until September 15, 2017, tethers were not in fact not backed “1-to-1” by USD held by Tether in a bank account.” The report adds that the Tether funds were controlled by its General Counsel. 

    Tether denies all accusations, calls the latest report a “continued effort to discredit Tether”

    Since the Bloomberg report came out on Monday, Tether has published a statement calling the news article disingenuous and accused Bloomberg of trying to discredit the crypto company.

    “This article follows a pattern of repackaging stale claims as “news.” The continued efforts to discredit Tether will not change our determination to remain leaders in the community.”

    – Tether’s statement on Bloomberg’s article

    In the statement, Tether reassured that it is working closely with law enforcement agencies as a part of an effort to conduct its operations as transparently as possible.

    Many people in the industry are scared of what Tether’s downfall might bring

    USDT, the largest USD-backed stable digital currency, has been a lingering concern in the cryptocurrency sector since its inception in 2014. In the years following its initial launch, Tether has cemented its role as by far the biggest stablecoin in the market. 

    For the majority of days, it is the most traded cryptocurrency in the market by daily volume as it allows stable transfers of funds in crypto, where most coins are subjected to high volatility. Adding to its shady backing system, Tether has previously also faced allegations of price manipulation.

    For these reasons, many in the crypto space have wished for a USDT-free market. While its utility is immense, the potential blowout that would happen if Tether were to fail, would be on par with crypto’s largest hacking attacks and scams, if not greater.

    “Since the beginnings of the Tether foundation, there have been market participants questioning the stablecoin’s reliability.”

    – Chris Dick, a quant trader at B2C2
  • Tezos Ecosystem Launches Community Grant Programs

    Tezos Ecosystem Launches Community Grant Programs

    July 27, 2021 — The global Tezos ecosystem today announced a new grant program designed to support builders and creators exploring the Tezos community. The programs will be accessible to grantees from around the world and managed through regional ecosystem hubs. The community small grant programs will provide funding towards projects built by the broad and diverse Tezos community to expand developer talent and grassroots activity across the ecosystem. 

    Tezos, one of the most mature blockchain ecosystems in the industry, has experienced record growth in 2021. Network activity is up over 1,200 percent and contract calls have surged above 2 million per month this summer. The growth has increased interest from developers and creators looking for an inclusive and collaborative community filled with opportunity. The community small grant programs will further support ideas, individuals, and organizations dedicated to building within the Tezos ecosystem. 

    Buy/Sell Tezos

    Grant programs will range in requirements and funding levels depending on geographic considerations. Recipients will retain the opportunity to apply for additional grants. Participating hubs will share more information later this month, learn more about their programs below:  

    Tezos Commons, an organization that empowers the Tezos community to be the architects through bootstrapping local communities, will offer community grants up to $10,000 to participants in North America. The program will focus on expanding Tezos Commons’ mission to support the builders of the Tezos ecosystem. Tezos Commons believe that grassroots projects, while small in size, make a significant impact when it comes to scaling the network and maintaining the Tezos community. Starting today, you can apply for a small grant here. 

    TZ APAC, one of the leading Asia adoption entities supporting the Tezos ecosystem, will offer ecosystem growth grants with the objective of cultivating new ideas through small-level funding. The program will expand the reach of the Tezos community to new builders and creators to act as a springboard for early-stage concepts. The program will be administered in partnership with Tezos India.  

    Tezos India, an organization dedicated to growing the Tezos community in India, will partner with TZ APAC to administer the ecosystem growth grant program. The initiative will expand on their current efforts to boost the grassroots growth of the Tezos ecosystem from the Tezos India Fellowship. The fellowship offers top developers in India mentorship, the opportunity to build on the Tezos network, access to the global Tezos ecosystem, and a $2,000 stipend over the course of the 8-week mentor-led program.

    TZ Connect, a Berlin-based team dedicated to advancing the Tezos ecosystem, will debut mentorship and entrepreneurial residency programs as part of the community grants initiative. The programs will be focused on supporting builders and creators exploring Tezos with funding to initiate development and ideation of new products, applications, and tools on Tezos. Additionally, the TZ Connect programs will focus on individuals and groups raising awareness about Tezos through educational or informational activities. 

    Tezos Israel, an innovation lab that serves the Israeli ecosystem in educating, training, and onboarding blockchain technology, will target students and developers seeking to build decentralized applications; the grant program will enable such individuals to do so on Tezos by giving builders the resources to ideate and design powerful applications. 

    Tezos Africa, an organization supporting the adoption of Tezos in the region, will offer grants to support projects uniquely tailored to solve local challenges throughout Africa. The existing chapters already covering North Africa, West, Central and East Africa will assist in selecting the best initiatives thanks to their local expertise. The grants aim to support activities and initiatives across the region to introduce young people in Africa to Blockchain and Tezos.

    On Tezos, developers can create powerful applications using tools that support a variety of programming languages. Game developers, music labels, NFT artists, sporting franchises, central banks, real estate developers, global NGOs and more are all building on Tezos. Tezos has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and surging AMM platforms.

    What sets Tezos apart from other blockchain protocols is that it is built to remain state-of-the-art. Its modular architecture and formal upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time. Tezos has undergone six network upgrades to reduce gas fees, improve token standards, increase transaction speed, and more. Upgrades on Tezos are made possible by on-chain governance where continuous improvements are proposed, adopted, and deployed without forks.  

    About Tezos:

    Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com

  • Top 3 Coins to Watch – Week 30

    Top 3 Coins to Watch – Week 30

    The cryptocurrency market has ended the Week 29 with a total market capitalization of $1.44 trillion, which is around $140 billion more than at the end of the week. In addition, the cryptocurrency market saw quite a significant recovery during the first few hours (CEST) of Week 30 with most of the coins jumping up by 10% or more. At the time of writing, the total market value of all the cryptocurrencies combined already exceeds $1.56 trillion. Bitcoin, the market barometer, reclaimed the 50-day moving average and the general sentiment seems to be turning bullish again. If this uptrend will be sustained for a longer period, we could see a $2 trillion total market capitalization again. Whether this happens or not, it is undoubtedly worth checking out the coins listed in our weekly Top 3 Coins to Watch series, where we list coins that have the potential to outperform the rest of the market in the week to come.

    1. Uniswap (UNI)

    UNI is the governance token of the automated market maker (AMM) protocol Uniswap. UNI tokens are ERC-20 tokens that allow holders to decide on the future of Uniswap by voting on proposals. Uniswap’s platform, which facilitates quick swaps between various Ethereum-based tokens, has been struggling to keep its users and market share because of high fees on Ethereum in the beginning of 2021. However, with the launch of Uniswap V3 and the rise of Ethereum Layer 2 solutions, Uniswap is confidently reclaiming the pole position among decentralized exchanges (DEXs).

    Buy/Sell UNI

    Uniswap is Slowly but Steadily Reclaiming its Market Share

    While Uniswap and other Ethereum-based decentralized exchanges went through a rough patch this spring and lost a significant portion of their market share to Binance Smart Chain-based PancakeSwap, things are starting to look a lot better for Uniswap. According to Messari Research, Uniswap has successfully reclaimed much of its lost share of DEX weekly volume as its weekly trading volume represented 54% of the whole DEX trading volume at the end of Q2 2021. Messari noted that this is the highest Uniswap market share ever since November 2020. It is not a secret that Uniswap’s recovery was facilitated by the development of Layer 2 Ethereum solutions such as Polygon. In addition, an alpha version of Uniswap V3 has recently launched on Optimistic Ethereum, an Ethereum layer 2 scaling solution that uses optimistic rollups to facilitate instant transaction confirmations while keeping the costs of transactions as low as possible. It is therefore not surprising that the UNI token is heavily represented in the Grayscale’s DeFi Fund, whose holdings rebase daily based on a Coindesk’s DeFi index that tracks top 10 coins and tokens from the DeFi sector. As of today, UNI represents almost 50% of the DeFi Fund’s total AUM, which currently stands at $4.7 million.

    2. Polygon (MATIC)

    Polygon, previously known as Matic Network is an Ethereum Layer 2 scaling solution that aims to provide major scalability improvements to the biggest smart contract blockchain. The Polygon protocol plans to deliver supersonic speeds and throughput by utilizing a modified version of Plasma. Its Layer 2 solution consists of several simultaneously run Proof-of-Stake sidechains that regularly push the data to Ethereum, creating network checkpoints.

    Buy/Sell MATIC

    Polygon Launches Polygon Studios and Integrates with Wyre to Establish a Direct Fiat Onramp

    Polygon has recently revealed that it has founded Polygon Studios, a new arm of the project focused on Blockchain Gaming and NFT ecosystem. You might say Polygon is a bit late to the NFT party but at the other hand the saying goes that it is “better late than never”. Polygon Studios aims to become the go-to platform for large Web2.0 franchises looking to venture into the world of Web3.0 and the home for builders, developers, creators as well as NFT investors. In other news, Wyre has recently added USDC to their payment API allowing users to use fiat (converted to USDC) on various Polygon dApps. Wyre has essentially opened the doors for mass adoption among non-crypto users, which will hopefully boost the growth of the DeFi ecosystem on Polygon.

    As already mentioned, Polygon’s success also resembles in the declining market share of BSC-based PancakeSwap and recovering market share of Uniswap V3. However, Uniswap is not the only big project that has launched on Polygon. Since the rebrand from Matic Network, over 450 projects have partnered with Polygon. Today, Polygon performs more transactions per day than Ethereum mainnet. Polygon co-founder Jaynti Kanani commented on what he thinks is Polygon’s key to success saying: 

    “What sets Polygon apart from other L2 solutions is our Layer 2 aggregation approach, which allows developers to pick the scaling solution best suited for their needs, be it ZK, OPR, Data availability chain or other scaling approaches like our PoS commit-chain.”

    Polygon supporters believe that $10 per MATIC is not as delusional as other think, even though the token is currently trading at only $1.10.

    3. FTX Token (FTT)

    FTT is the official token and the backbone of the FTX cryptocurrency derivatives exchange. The total supply of FTT is 350 million tokens. FTX is a cryptocurrency derivatives exchange that offers futures, leveraged ERC-20 tokens and OTC trading. The developers of the FTX exchange aim to offer a first-class trading experience by constantly improving the platform and addressing the issues that are often left unaddressed on other mainstream exchanges. FTX focuses on developing and offering institutional-grade solutions.

    Buy/Sell FTT

    FTX Raises $900 million in a Record-breaking Series B Funding Round

    FTX exchange has recently completed a Series B Funding round, in which over 60 participants invested over $900 million into the popular exchange. Visible individuals like Paul Tudor Jones, Alan Howard, Izzy Englander, and firms including SoftBank, Sequoia Capital, Paradigm, Lightspeed and Third Point participated in the funding round, which now claims the title of the biggest investment round in a company from the cryptocurrency sector to date. The FTX’s record setting funding round more than doubled the previous record deal, held by Circle, which raised $440 million earlier this year. FTX’s postdeal valuation stands at $18 billion. FTT is currently changing hands at around $33 per token, its price is up by almost 30% in the last 30 days. The total market capitalization of $3.1 billion makes FTX Token the 4th largest token among the exchange tokens.