Non Fungible Tokens or NFTs are digital assets tied to digital or real-life objects, providing proof of ownership. NFTs have rapidly sprung up since the beginning of this year, and became one the leading trends in the red-hot crypto market. Even though NFTs have been around for several years, they really took off this year with massive sales such as the $69 million auction for an NFT created by digital artist Beeple.
With NFTs becoming ever more popular, established companies in the cryptocurrency space are entering the space with their own offerings. One of them is the FTX cryptocurrency exchange, which has launched a marketplace for non-fungible tokens.
Some of the NFTs on the FTX marketplace can be redeemed for associated real-life objects. A typical example, as mentioned, is the image that stands for three KAW statuettes which can be redeemable for the actual real-life version of the three KAW statuettes. In addition, asides from the KAW statuettes, the platform has an NFT of a condom branded with the FTX insignia, which can also be redeemable for a physical condom.
FTX’s NFT marketplace is based on Ethereum and Solana
To make their NFT marketplace appealing to their traders and investors, FTX decided to base it on both the Ethereum and Solana blockchains. While most traders would prefer the Ethereum blockchain because most of the other NFT marketplace are built, others would prefer the Proof-of-Stake Solana blockchain due to the blockchain allowing for faster and cheaper transactions.
FTX has announced that their first NFT marketplace would not be accessible to their users based in the United States of America.
While FTX is just making its foray into the NFT scene, Gemini has been involved since 2019, when it bought of the biggest NFT marketplaces, Nifty Gateway. Binance also hasn’t been sleeping on NFTs, as the renowned exchange also launched an NFT marketplace of its own.
FTX has enjoyed its time in the crypto industry even though it only debuted in 2019. A month ago, the exchange entered into an agreement to rename the home arena of the NBA’s Miami Heat to FTX Arena.
The innovative protocol will replace a legacy solution from 0x in the 1inch dApp, offering users much more efficient and flexible limit order swap opportunities.
The 1inch Network is thrilled to release a unique, innovative solution – the 1inch Limit Order Protocol. The limit order feature enables users to buy or sell crypto assets at a specific price. A limit order option has been available in the 1inch dApp for a while, but, until recently, it was based on the 0x protocol.
Now, it has been replaced with the much more efficient 1inch Limit Order Protocol.
The 1inch Limit Order Protocol will be available on Ethereum, Binance Smart Chain and Polygon, as well as on all other chains that will be subsequently connected to the 1inch Network. The currently supported token standards are:
ERC20/BEP20;
ERC721;
ERC1155;
Other token standards could be supported via external extension.
The new protocol stands out among competitors by offering users a superior level of efficiency and flexibility. In addition, unlike legacy protocols, including 0x, the 1inch Limit Order Protocol charges no protocol fee. On top of that, the 1inch Limit Order Protocol is much more gas efficient. For instance, the filling of a simple order will cost 90k of gas and an RFQ order will cost 70k of gas.
The launch of the new protocol will directly benefit users. Chances of seeing their orders executed have substantially increased, while the execution time has been reduced. The absence of fees will be especially noticeable for small limit orders. Previously, a user who has placed a relatively small order would have to wait for quite a while until the price changes. Now, this will take much less time.
The protocol offers an unmatched level of flexibility, which shows in two major features – dynamic prices and conditional execution.
The dynamic price feature allows for a custom price function on separate smart contracts, based on whatever properties users will find relevant, like demand and supply, oracles or anything else.
Conditional execution enables users to specify arbitrary conditions for execution of their orders to maximize earning on trading operations.
In addition, the 1inch Limit Order Protocol enables the fulfillment of requests for quotations (RFQs) – orders for a specific amount of cryptocurrency to buy or sell that are optimized for market makers.
Thanks to the 1inch Limit Order Protocol’s extreme flexibility, its features translate into many specific use cases that could be easily implemented, including stop-loss and trailing stop orders.
Moreover, the 1inch Limit Order Protocol can also support much broader functionalities.
Due to the dynamic pricing feature, the protocol can be used to power auctions. For instance, Maker DAO’s Liquidation 2.0 Module is based on the auction model, and users could take part in Maker DAO auctions, using the 1inch Limit Order Protocol.
Similarly, on top of the protocol, complex, customized market making tools could be built. For example, a tool of that kind would facilitate earning on a pair of assets pegged to the same currency, like USDC and DAI, which are both pegged to the US dollar.
As you can see, there are plentiful opportunities for implementing use cases on the 1inch Limit Order Protocol. If you are a developer interested in building a specific solution on the protocol, you can apply for a grant from the 1inch Foundation, using this form.
Meanwhile, security is one of the most important concerns, and the 1inch Limit Order Protocol has been thoroughly audited. All audit reports can be viewed here. Also, you can visit the 1inch Help Center for more information about the 1inch Limit Order Protocol.
Enjoy the brand new 1inch Limit Order Protocol!
About 1inch Network
The 1inch Network (https://1inch.io/) unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.
The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 50+ liquidity sources on Ethereum, 20+ liquidity sources on Binance Smart Chain and 10+ liquidity sources on Polygon. In just two years the 1inch DEX aggregator surpassed $50B in overall volume on the Ethereum network alone.
The 1inch Aggregation Protocol facilitates cost-efficient and secure swap transactions across multiple liquidity sources.
The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers attractive opportunities to liquidity providers.
The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in the DeFi space. The protocol’s features, such as dynamic pricing, conditional orders and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.
Bullperks is happy to announce it will become the first platform and launchpad to support the most popular public blockchains by the end of June 2021. As a decentralized VC investment platform and token launchpad service, cross-compatibility across different blockchains is essential. As a result, Bullperks will provide access to Binance Smart Chain, Solana, Cardano, Polygon, Tezos, Polkadot, Kusama, TRON and many other ecosystems.
This move will prove beneficial for projects on any of these blockchains looking to raise funds through the Bullperks decentralized venture capital solution.
Projects on the supported blockchains can send Bullperks their own native tokens and have them distributed to the buyers. This approach removes the need for wrapped tokens or conversions from one asset to the next. In addition, streamlining the fundraising and token distribution approach will ensure more projects have a fair chance at raising the necessary capital.
Bullperks co-founder Eran Elhanani says:
“We aim to get our token holders the best projects to participate in either early stages through our decentralized VC or later in public round through our launchpad. In doing so we will look into projects on any chain and judge them based on their potential and not just the chain they are. This approach gives us an advantage and a much wider selection to choose from and will allow us to be even more picky and find the best projects out there no matter what chain.”
In the current landscape, the vast majority of token launchpad providers offer support for one or two blockchains at most. This limited appeal creates numerous drawbacks, especially with the demand for cross-chain support sounding louder than ever before. Supporting multiple blockchains and continually expanding the list will bring a lot of positive attention to Bullperks and how its team approaches the broader industry.
About Bullperks
Bullperks is the fairest and most community dedicated Decentralized VC and multi chain launchpad. 2 projects under 1 roof using the same token and revolutionary tier system.
Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first ever decentralized cross-chain stablecoin.
Unbound is aiming to create capital efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest free loans against liquidity pool tokens as collateral. Through strategic partnerships, the project is building native bridges to allow cross chain transfers of its stablecoin and other synthetic assets.
“AMMs are DeFi’s Zero to One Innovation and we are building the aggregator layer to enable greater yields & capital efficiency for our users,” said Tarun Jaswani, CEO and Founder of Unbound Finance.
INVESTORS
The Defi project is backed by leading venture capalists in the blockchain ecosystem including Pantera Capital, Arrington XRP Capital, CMS Holdings, Hashed, LedgerPrime, LD Capital, TRGC, ArkStream Capital, ZeePrime Capital, Future Perfect Ventures, Brilliance Ventures, Woodstock, Coin98 Ventures & GenBlock Digital to name a few.
““Unbound has great potential to play a lead role in the DeFi space by focusing on liquidity pool tokens. We’re excited to support the Unbound team as they build the key tools to capitalize upon this untouched part of the DeFi ecosystem”” — Dan Morehead, CEO Pantera Capital.
“Unbound Finance is new primitive with the potential to unlock billions in unproductive value trapped in AMMs. We’re excited about the launch of Unbound as a fundamentally new mechanism for borrowing, lending and synthetic assets in DeFi.” — Michael Arrington, Founder TechCrunch
The Angel investors that have also invested include founders ofAngelist, Enjin, Gnosis, Kyber Network, Polygon, Harmony, Frontier, Wikihow, DFYN, Dao-Maker, TomoChain and Polkastarter amongst many others.
“Unbound’s dedicated development team has created something that makes all AMMs efficient and will make interesting money legos in the space further.” – Sandeep Nailwal, COO & Co-Founder Polygon.
“We are delighted to support Team Unbound in realizing its vision of becoming the native decentralized stablecoin of the DeFi & AMM space” – Maxim Blagov CEO & Co-Founder Enjin.
MARCHING FORWARD
Unbound is a protocol that leverages the liquidity lying idle in the wallets of AMM liquidity providers and enables interest free crypto loans in the form of its native stablecoin $UND and other synthetic assets. Going live first on Ethereum, the protocol currently supports AMMs like Uniswap, Balancer, MooniSwap and Sushiswap. Strategic partnerships with EVM-compatible public blockchains, like Binance Smart Chain, Polygon and Harmony will support AMMs like PancakeSwap, DFYN, and SeeSwap, among others.
Unbound’s ‘DeFi Treasury For Liquidity Pool Tokens’ went live with its first testnet in December 2020 and recently launched its final Zeta testnet in April 2021. It is one of the first projects to integrate Uniswap V3 and is in the process of launching aggregator contracts for concentrated liquidity provision. These doorway contracts will be used to collateralize the NFT positions, enabling further liquidity into UND.
RESOURCE PLANNING
The funding will be used to propel the development and growth of our protocol. The use of funds will be used for the expansion of the Unbound team, audits, adoption, liquidity provision and R&D hyper-focused towards the AMM space. The influx of capital will also provide an opportunity to fuel new initiatives, including the aggregation contracts for Uniswap V3.
Bitcoin Press Release: Hong Kong-based NFT art project Llamaz made history on the 4th of June 2021, when it successfully launched a series of NFTs into near space.
10th June, 2021, Hong Kong — LLAMAZ is an NFT art project created by 100 Fire Limited which made history on the 4th of June 2021. On this date, the project became the first ever to successfully launch NFTs to reach near space breaching a maximum altitude of 28,832 meters.
What Are Llamaz?
Llamaz are digital characters, made by combining various attributes and accessories. There are millions of possible Llamaz permutations, but only 10,000 were selected and will ever be minted. Of the 10,000 Llamaz, 30 of them were designed manually, creating a handful of celebrity Llamaz. Anyone can explore the full collection here or check out the celebrity Llamaz here.
Why Go To Space?
While Llamaz may seem to be colorful and carefree creatures, their world is on the brink of destruction. Overuse of PoW Blockchain technologies has led to extreme climate change, forcing the Llamaz to look to the stars for a new home. Learn more about the legend of the Llamaz here.
LLAMAZ-1 Near-Space Mission
The mission, aptly named LLAMAZ-1, took place in collaboration with European Astrotech and was a complete success. In addition to definitely proving to all Llama-kind that their planet is in fact round, the mission carried with it a USB drive containing a copy of each Llama NFT. In their own way, each of the Llamaz NFTs took part in this epic journey into the stars. All parties can learn more about the LLAMAZ-1 mission here and watch the Llamas space odyssey from take off to spinning in near-space, and landing.
OpenSea NFT Llama Collection
The Llamaz are now for sale on OpenSea via the main website, allowing anyone to get a hold of their very own Llamaz NFT. While the vast majority are available for purchase using Ethereum and other cryptocurrencies, Llamalon Must (#9999), celebrity Llama extraordinaire, and CEO of Dogecarz LLC, is available for purchase in exchange for a Tesla. That’s right Tesla owners! The lockup is finally over. Teslas can now be used to buy Llamaz. This extremely fast and convenient method of payment is sure to revolutionize the world of digital payments. For more information on the Llamaz Collection, visit the website.
LLAMAZ 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.
On June 2, Bitcoin and altcoins saw double-digit rallies with Bitcoin briefly stood above $38,000 and dogecoin increased 40% once. The rally failed to spark hope among investors and the bitcoin fear and greed index is at 24, indicating extreme fear. Investors have good reasons to fear as the market saw a 50% loss recently.
On June 4, Musk posted a tweet: Bitcoin, broken heart. Later, he tweeted again: Canada, USA, Mexico.
They are interpreted by most people as: goodbye Bitcoin (he may have sold his Bitcoin) and all the way south (bearish Bitcoin)
In fact, 5 hours after his release, Bitcoin fell by more than 10%.
One indicator shows that the recent rally could be another market top. In a Delphi Digital report, the MVRV ratio that measures Bitcoin’s market value against its realized value is analyzed.
On June 8, most cryptocurrencies plummeted by 10%
According to the report, the MVRV ratio in May 2021 is similar to those in early 2011, late 2013 and early 2018. In these periods, Bitcoin price made ATHs before falling hard.
The bear market seems to be coming，How to earn profits from the price drop?
Volatility is scary, but with the right tools, it’s greatly beneficial for earning money. With a bumpy road ahead, traders can engage in margin trading to hedge loss and earn profits.
Let’s see how we can benefit from the price drop of bitcoin:
Assume we used 1 BTC to open a short contract when bitcoin was trading at $35,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC.
If the price of bitcoin dropped to $33,000.The profit will be ($35,000 – $33,000) * 100 BTC/$33,000 *100% = 6.06 BTC, making the ROI 606%.
Margin trading is a mature derivative in the crypto market. Established in 2017 and headquartered in Hong Kong, Bexplusis a leading crypto derivatives trading platform offering 100x leverage futures trading on BTC, ETH, LTC, EOS, XRP and etc.
How to start?
Sign Up
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Practice Your Skills: A Demo Account
Successful traders are those who learn to analyze the market and could always keep a clear head. The best way to improve your skills and mindset is by practicing in the free demo account.
Every user is given 10 BTC at the beginning and they are replenishable, so you can try out different strategies as much as you like.
Make A Deposit And Claim Bonuses
No deposit fee is needed. You can start your deposit at 0.001 BTC. Bexplus supports Bitcoin, ETH, etc, as well as USD, EUR, and GBP deposits.
To help traders earn more profits, Bexplus offers a 100% deposit bonus to every trader. Deposit 1 BTC and you will get 2 BTC, and up to 10 BTC is available for each deposit. The bonus is not withdrawable but could be used as margin.
Earn Passive Income With Bexplus
When you are not trading, you can transfer your BTC to the interest-bearing wallet and enjoy up to 21% annualized interest.
The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.
The crypto market is full of opportunities, don’t hesitate to join and claim your profit!
Sign up to get a 100% bonus and use a simulated account to test your strategy.
The decentralized finance sector has been regarded as one of the main sectors of the crypto market, and it allows traders to access a whole array of financial services like lending and trading directly on the blockchain. While activities on centralized platforms only provide a degree of anonymity, the decentralized sector provides traders with access to the market without the need for any intermediaries.
But while some people feel that the sector holds tremendous potential, others are skeptical because of the exploits and scams that have sadly become a common occurrence in DeFi. Taking the initiative to curb this and more, the Securities and Exchange Commission of Thailand has announced that projects in the DeFi sector would subsequently need to seek a license before carrying out their operations in the country.
SEC update divides cryptocurrency community
In a statement published by the Bangkok Post, the Securities and Exchange Commission mentioned that the issuer of any token is supposed to notify them. The statement further said that an issuer is expected to submit adequate information regarding their token and list them according to the country’s the Digital Asset Decree.
With the news making headlines, the crypto community of Thailand has seen a division of opinions. While some mentioned that the regulation of the sector would enable it to grow, others thought that since regulation and the DeFi sector do not go hand in hand, it is a bad idea on the part of the SEC.
Giving his opinion on the update, MVP Coin developer Dome Charoenyost mentioned that some parts of the DeFi sector lack regulation. This new update would see that they become regulated by the national regulatory entity in the coming years. Adding to his point, Ava Advisor CEO Niran Pravithana also mentioned that with the growing rate of scam tokens, regulation of the sector was a reasonable option.
Currently, it is unclear how the Thailand SEC is planning to regulate the DeFi sector, but in the coming days, more updates would be released by the entity. The first way the SEC might pull this off is to order major DeFi protocols to audit their code, as this is one of the few ways to limit the risk of scams in the sector.
Also, they could order that users in the DeFi sector undergo KYC if they want to carry out any activity. While the initiative has been thumbed up as a good idea, all hands are on deck about how the SEC plans to pull this off.
ProBit Global and BitBook made a splash in the IEO sector following a milestone-setting $2,000,000 IEO raise completed on the 2nd day of launch. The frenetic pace quickly claimed the entire 140,000,000 BBT allocation and maintained considerable momentum as BBT appreciated 75% to a high of 0.025 USDT following listing as the token has demonstrated significant demand.
The hugely successful campaign marks a new IEO milestone for ProBit Global as the highest IEO net and the 3rd IEO to reach the $1M+ milestone alongside $1.5M for Smartkey and $1M for Nagaswap Protocol.
ProBit Global has continued to churn out success for multiple IEO with over $7M raised for Q1 2021 IEO clientele and remains a staple for blockchain teams in search of legitimate exposure and veteran services covering initial onboarding to post-launch support. PROB tokens reward IEO participants with the top bonuses offered with a differential as high as 10% compared to standard quote currencies.
BitBook’s value proposition aims to incentivize travelers and content creators with BBT token incentives while addressing exorbitant commission fees charged by online travel agencies, a critical friction point.
These incentives will play a key role in streamlining accessibility and lowering costs to further optimize the experience for both travelers and hotels. The freshly acquired $2,000,000 in capital through IEO will further position BitBook in a more strategic position to hit essential points along their road map with an upcoming buyback feature set to add deflationary pressure.
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.
About BitBook
BitBook is a social travel platform that allows both guests and users to monetize travel, and social media influence to earn rewards and get better prices by lowering the commission rates plaguing hotels creating a win/win for travelers and the industry as a whole.
ProBit Global is a brand trusted by millions of users
100,000+ community members 800,000+ 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
Concordium , the blockchain company, will for the first time offer the world access to a safe, transparent and regulatable blockchain and cryptocurrency, marking the end of an era of anonymity and distrust that has undermined the development of the industry.
After three years of development, the Concordium Blockchain and its Cryptocurrency, the GTU, will make its Mainnet debut on June 9, a move that for the first time clears the way for any developer or user to access the Concordium platform.
The Concordium platform differs from other industry participants by offering previously unseen guarantees of governance and transparency, without compromising privacy.
Users are identifiable and the provenance of every transaction is trackable, creating trust for the users and meeting the needs of global regulators. At the same time, identities can be made available, but only if necessary. “Privacy, but not anonymity” said Lone Fonss Schroder, Concordium’s chief executive.
The company said credible participants in the industry were being damaged by a subset of users that was undermining trust in the technology, delaying broader adoption and hindering businesses and consumers from benefiting from the potential blockchain and cryptocurrency offers.
“The time has come for the blockchain industry to respect the general rules of society. With the launch of Concordium Blockchain, the era of anonymity, opacity and lack of transparency has come to an end,” said Lars Seier Christensen, Concordium’s chairman.
Concordium believes focusing on the requirements of developers and companies and taking into account future regulatory rules solves the problems that have so far prevented the widespread use of blockchain technology.
“This is the tool that global businesses have been waiting for,” said Ms Fonss Schroder. “This industry needs to realise that without trust and acceptance there is nothing.”
Concordium was founded by a non-profit Swiss foundation and is backed by a select group of respected academics and industry veterans. From its birth in 2018 it has combined the development of its own blockchain and cryptocurrency with a desire to help redefine the values upon which the industry has been associated.
“This is not just an image problem, it’s far more serious,” said Ms Fonss Schroder. “Global business is rules based. The sooner the blockchain and crypto industry wakes up to the need to play by the rules the sooner the full potential of blockchain will be realised.”
The company’s combination of cutting edge technology and commitment to a global rules-based system has attracted the interest of investors. Earlier this year, it successfully raised over USD 41m from private and strategic sales, and the most recent sales is valuing the company at USD 4.45bn.
About Concordium
Concordium is a decentralized and sustainable public blockchain that solves the shortcomings of traditional blockchains, through built-in user identification and Zero-Knowledge-Proofs, which are used to replace anonymity with securing private data. The technology supports encrypted payments, provides relevant authorities the ability to identify users, and allows the user to verify the identity of counterparties.
Based on science-based- and peer-reviewed protocols, Concordiums blockchain has a solid cryptographic focus, with protocols developed by academics from some of the world’s leading universities in this field together with Concordium’s research team. The project is led and advised by senior business executives from industries including banking, automotive, logistics, retail, energy, and telecommunications. It has also established partnerships with several esteemed scientific institutions, including the Concordium Blockchain Research center Aarhus, Aarhus University, ETH Zurich, and the Indian Institute of Science.
