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Tag: Neo

  • Can Mushe Token (XMU) outperform market giants like Nexo (NEXO) and Neo (NEO)?

    Can Mushe Token (XMU) outperform market giants like Nexo (NEXO) and Neo (NEO)?

    Crypto enthusiasts have been left perplexed after facing the great crypto market crash of 2022. Some analysts have suggested that ongoing macroeconomic changes, like the Russia-Ukraine War, post-COVID downfall, and inflation are the causes of this crash. As these issues are nowhere near being entirely resolved, the stability and progress of the crypto market is still in question.

    Despite all this uncertainty and confusion, developers are continuously launching new cryptocurrencies in the market. One such new cryptocurrency is Mushe Token (XMU). This token is currently in its presale and claims to provide an excellent user experience.

    This whole situation, i.e. the market crash poses the question of whether token holders should buy into new cryptocurrencies, or bet on the same old horses like market giants Nexo (NEXO) and Neo (NEO)? Let’s find out!

    Nexo (NEXO)

    Nexo (NEXO) is a blockchain-based lending platform. It is the first platform that provides an instant crypto-backed credit card. It has an automated lending process, using smart contracts and an oracle on the Ethereum blockchain to manage loans. Oracle generates a loan soon after the donation of cryptocurrency by the user. At the same time, the smart contact keeps a record of the user’s balance.

    Nexo (NEXO) intends to provide a user base consisting of clients who continuously use the platform. The platform announced a loyalty program rewarding token holders with NEXO in their accounts, offering them preferential interest rates on loans and higher savings yields.

    There is a comprehensive Nexo app that makes users manage their accounts efficiently. Furthermore, the platform’s saving accounts are high-yielding, earning up to 12% of interest on coins and fiat currencies.

    Neo (NEO)

    Neo (NEO) is known as the first Chinese public blockchain. The NEO ecosystem offers a platform for developing decentralized applications (DApps). It also facilitates its users to access the digitisation of physical assets.

    It also provides security in integrating real-world assets into the blockchain, through its fantastic ability to verify the identity of users.

    One of the unique features of the Neo ecosystem is that it is continuously developing. This updating ensures that this platform is safe for long-term planning, as it can cope with modern-day problems.

    Mushe Token (XMU)

    Mushe Token (XMU) is a decentralized token based on the Ethereum blockchain. The platform intends to shift to the Stellar network, which is known to provide low-cost transactions and is much faster. Mushe Token (XMU) claims to facilitate peer-to-peer interaction, rewards, and governance, providing liquidity to the platform’s exchange and a unified user experience.

    Mushe Token (XMU) provides solutions to Consumers, User Experience, and security-related issues

    This ecosystem claims to address all financial management needs of its holders by providing them with Access, Adoption, and Reward, a simple, one-stop solution.

    The following are the key features that this platform will offer:

    • Utility Token:

    The XMU is the official token of Mushe Token (XMU). It will be a multi-verse token that will provide seamless interoperability across fiat & Metaverse markets.

    • Banking:

    The banking feature of this platform will be a simple and accessible solution. This feature will help users manage crypto & fiat currency wallets, providing seamless interchange and payments.

    • Trading:

    Its trading options will provide access to cryptocurrency exchange with simple UX/UI & analysis.

    • Knowledge:

    It will also provide platforms for users who can access impartial knowledge mediums, assisting consumer knowledge and empowerment of financial decisions and choices.

    • Reward:

    It aims to nourish compounding ecosystems through incentivising loyalty & ethical/ESG behaviours amongst a scaling network.

    As stated earlier, the crypto market crash of 2022 has shocked crypto holders. Many are now considering buying into new cryptocurrencies with innovative features, that sound more practical. Mushe Token (XMU) is still in its presale but it has had a lot of attention because of its great features like banking, trading options, utility tokens, rewards, and much more. This platform claims to provide the wallet and currency of confidence, and a Global ESG-driven marketplace, uniting commerce and consumer ecosystems through incentives and rewards. With that said, one can easily infer that XMU might skyrocket on the crypto market when the green run starts again and it could rival the likes of  Nexo (NEXO) and Neo (NEO).

    For more Mushe (XMU) information visit:

    Presale: https://portal.mushe.world/

    Website: https://mushe.world/

    Telegram: https://t.me/musheworldXMU

  • The Graph is the #3 Coin to Watch for the Week of February 21 – February 27, 2022

    The Graph is the #3 Coin to Watch for the Week of February 21 – February 27, 2022

    After another week of red numbers, the total cryptocurrency market capitalization slipped from $1.93 trillion to $1.78 trillion. Bitcoin, the world’s oldest crypto and the largest one by market capitalization, lost nearly 10% of its value in the last 7 days, plunging through a key support level at $40,000. The price movements that took place last week generally validate Bitcoin’s status of the crypto sector’s barometer, as many major coins and tokens followed BTC’s example and ended up suffering similar or even greater losses. 

    3. The Graph (GRT)

    The Graph is an indexing protocol designed for querying networks like Ethereum and IPFS through the creation of open APIs. Within The Graph’s network, these public APIs are called subgraphs. Think of The Graph as a reverse version of Chainlink. While the former makes real-world data available on the blockchain, The Graph makes blockchain data available off-chain. This allows users and developers to quickly search for relevant blockchain data across Ethereum network and feed the results into their apps and smart contracts. Although The Graph currently only supports Ethereum network, the team plans to add support for Ethereum virtual machine (EVM) compatible networks including Binance Smart Chain, Avalanche, Fantom, Arbitrum, Polygon and Moonriver, soon.

    Buy/Sell GRT

    Prominent VCs Join Forces to Launch a $205 million ecosystem fund for The Graph

    It has recently been revealed that several venture capital (VC) firms have joined forces to establish a multimillion fund focused at boosting The Graph’s future progress and growth. Reportedly, investors include Digital Currency Group, Multicoin Capital, gumi Cryptos Capital, NGC Ventures, HashKey, and Reciprocal Ventures. These companies have recognized The Graph’s potential in a world where Web3 is rapidly gaining popularity and has already become a buzzword in the tech space. The thing is that Web3 solutions are heavily dependent on oracle and data providers. Craig Burel, an executive at Reciprocal Ventures, also highlighted the immense importance of The Graph in the upcoming world of Web3. He applauded the establishment of the $205 million ecosystem fund by saying:

    “To expedite that future, we have come together with some of the biggest players in the crypto industry to provide strategic capital and resources to developers aligned with The Graph’s mission to bring Web3 to fruition.”

    Besides supporting teams developing DeFi protocols, NFT applications, DAOs, Metaverses, the fund will also provide funding for developers that are working on creating new subgraphs, indexer tooling, dApp tooling, or in other way helping grow The Graph’s community.

    2. BitTorrent (BTT)

    Released by Bram Cohen in 2001, BitTorrent is one of the world’s largest decentralized peer-to-peer (P2P) file sharing protocols in the world by number of users. In fact, almost every torrent client utilizes the BitTorrent protocol. In July 2018 blockchain platform TRON purchased the BitTorrent platform and since than the protocol has ventured in the blockchain world. BitTorrent aims to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network using BTT. The BitTorrent Chain (BTTC) launched on December 12, 2021. 

    Buy/Sell BTT

    BitTorrent to launch BTFS 2.0 on mainnet on February 22

    The BitTorrent team has announced they are deploying the BTFS (BitTorrent File System) 2.0 to the BitTorrent Chain (BTTC) mainnet on February 22. According to the announcement, the BTT rewards awarded to users participating in the blockchain’s consensus will now be deposited to addresses on BTTC and not TRON addresses any more. In addition, BitTorrent has established a 3-week transitory period, in which they will increase the proportion of rewards being awarded to BTFS 2.0 nodes and decrease rewards for BTFS 1.0 nodes. From March 8 on, the rewards will be airdropped solely to BTFS 2.0 nodes, while BTFS 1.0 nodes will no longer receive any rewards.

    BTT is currently changing hands at a price of $ 0.000002 per token. The incredibly low price is largely due to the BitTorrent token’s recent redenomination, which saw the supply increase by 1000x compared to the old TRC10-based BTT token supply (now referred to as BTTOLD). Nevertheless, the new token (BTT), which is TRC20-based and mapped to the BitTorrent Chain mainnet still manages to net a market capitalization of $1.84 billion because of its enormous circulating supply of 932.5 trillion BTT.

    1. NEO (NEO)

    The NEO project started its journey in 2014 under the name “AntShares” and launched its first mainnet in 2016 following a successful initial coin offering (ICO). Soon after that, in 2017, the project rebranded to NEO. Holders of the NEO token periodically receive GAS, which is used for deploying and running smart contracts and dApps on the NEO blockchain. Both tokens (NEO and GAS) have a maximum supply of 100 million coins. What makes NEO stand apart from other tokens is that it is indivisible, meaning that the smallest amount of NEO one can hold, send or receive is 1 NEO. The NEO blockchain relies on a dBFT (delegated byzantine fault tolerant) consensus algorithm and supports issuing custom tokens, with NEP-5 being the most commonly used standard for NEO-based tokens.

    Buy/Sell NEO

    NEO to be included in China’s state-sanctioned blockchain infrastructure project

    There are several factors that are causing NEO to perform better than other coins in the last month. Besides the launch of the N3 upgrade that took place in the second half of 2021 and the roll-out of several novel DeFi and NFT projects on NEO, there is one more news piece that caused positive sentiment to start spreading among NEO investors. Recently, the announcement made by China’s Blockchain-based Service Network (BSN), a state-sanctioned blockchain infrastructure project that is developing a platform for non-fungible tokens (NFTs) that is developing that is compliant with Chinese regulations, is driving the demand for NEO through the roof. The aforementioned announcement stated that a NEO-based blockchain will be one of the ten blockchains supported by the network BSN is a blockchain infrastructure project.

    While NEO’s existing blockchain will not be included in this state-sanctioned blockchain infrastructure, NEO will develop a dedicated Jiuquan Chain for the BSN. Nevertheless, the fact that BSN selected NEO as a framework provider itself acts as a huge stamp of approval and reference for the project.

  • Top 3 Coins to Watch – Week 31

    Top 3 Coins to Watch – Week 31

    With the cryptocurrency markets making quite a noticeable recovery in Week 30 we are already looking forward to the potential gains of Week 31. Throughout Week 30 the total cryptocurrency market capitalization rose from $1.44 trillion to $1.65 trillion, which is one of the highest weekly relative increases in a while. In addition, Bitcoin rose back above $40,000 and kept trading above that valuation for more than two days. Is this the bullish signal we have all been waiting for? Which coins do you think can climb even higher? Find out three high-potential ideas below.

    1. Ethereum (ETH)

    Ethereum is an open-source distributed blockchain that pioneered smart contract functionality. It operates as a decentralized virtual machine that can execute scripts. The smart contracts operate in a fast, immutable and trustless manner, while the speeds and capabilities of the Ethereum blockchain are going to further increase when Ethereum 2.0 is fully launched. Ethereum’s native asset Ether (ETH) is currently the second-largest cryptocurrency by market capitalization. Although it can also be used as a currency for transactions between different nodes, it is more commonly used to execute smart contracts. The Ethereum blockchain also hosts a number of ERC20 tokens with different utilities – these include Exchange tokens (BNB, OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, ZRX…) and several stablecoins such as USDC, DAI, TUSD, and USDT.

    Buy/Sell ETH

    Highly Anticipated London Hard Fork to Take Place on August 5 

    Although we already listed Ethereum in our top 3 coins to watch article for Week 29, the London mainnet upgrade is such an important milestone for the second-largest cryptocurrency project, that it requires another mention. We are now getting closer to block number 12,965,000, which will trigger the hard fork. It is now almost certain that the hard fork that consists of five Ethereum improvement protocols (EIPs), will execute on August 5. The most important is EIP-1559, which will make Ether gas costs more predictable and include a transaction fee burn feature that could potentially turn Ether into a deflationary asset. Although we are talking about a major hard fork, no action will be required by ETH holders, unless otherwise prompted by their cryptocurrency wallet service provider.

    In addition, the hype around non-fungible tokens (NFTs) appears to be gaining new momentum, especially if we are judging by the Ethereum-based NFT series CryptoPunks, which captured the attention of several Ether whales. Five of the top 10 pixelated CryptoPunks portraits have changed hands in the past few days, among which, one sold for $6 million worth of ETH. The record-breaking sales drove the average price of a CryptoPunk NFT up by 53% in the last week of July. As of August 1, an average collectible NFT representing a portrait from the Crypto Punks series was valued $135,000.

    But it is not only the prices of NFTs that are going up. Since we last wrote about Ethereum two weeks ago, the price per ETH has climbed by more than $500. ETH is currently changing hands at a price of $2.490 per coin but the price could further shoot up in the hours preceding the hard fork. 

    2. Neo (NEO)

    The NEO project started its journey in 2014 under the name “AntShares” and launched its first mainnet in 2016 following a successful initial coin offering (ICO). Soon after that, in 2017, the project rebranded to NEO. Holders of the NEO token periodically receive GAS, which is used for deploying and running smart contracts and dApps on the NEO blockchain. Both tokens (NEO and GAS) have a maximum supply of 100 million coins. What makes NEO stand apart from other tokens is that is indivisible, meaning that the smallest amount of NEO one can hold is 1 NEO and that the NEO blockchain relies on a dBFT (delegated byzantine fault-tolerant) consensus algorithm. The NEO platform also supports issuing custom tokens, with NEP-5 being the most commonly used standard for NEO-based tokens.

    Buy/Sell NEO

    NEO Rolls Out the NEO N3 on the Mainnet

    A few days ago the NEO team announced that they will be rolling out the highly anticipated NEO N3 to the mainnet on August 2 following successfully completing the testnet deployments. The revamped version of the NEO Legacy with an improved governance system and optimized architecture, NEO N3, is now already live on the mainnet. Besides already mentioned improvements, NEO N3 also introduced platform-native decentralized storage and data oracles. Combined with the platform’s multi-language support, NEO aims to remain a leading community-driven blockchain platform. Both NEO N3 and NEO Legacy currently coexist, and the forces of the NEO team are currently aimed at ensuring a smooth transition between the two versions. As stated by the team, the most critical step in the transition will be token migration, which will take on a two-step approach. NEO notes that the Early Bird migration will start one week following the NEO N3 genesis, this is August 9, while Mass Migration will start on September 1. During Mass Migration the NEO Foundation will run a special Token Migration Incentive Program to ensure that as many tokens as possible will be migrated to the newly-launched blockchain. Details regarding token migration can be found in the official blog post.

    3. Chainlink (LINK)

    Chainlink is a decentralized oracle network (DON) that provides data and price oracles, which act as a reliable feed of information for some smart contracts. Chainlink’s cryptocurrency price and real-world data oracles have seen numerous implementations and their popularity is still increasing. Their oracle service is one of the most reliable and trustworthy services available and the connection with smart contracts is end-to-end secured, leaving very little space for the manipulation of the execution of smart contracts. The platform ensures quality data by incentivizing providers of good data feeds. On the other hand, nodes that submit bad data will be punished by losing some of their staked LINK tokens. The project launched in 2017, when it also raised $32 million of funding through an ICO.

    Buy/Sell LINK

    Chainlink will organize its first Smart Contract Summit this week

    The Chainlink team is organizing Chainlink’s first-ever Smart Contract Summit this week. The SmartCon, which will last from August 5, 8:00 AM to August 7, 6:00 PM EDT, will be packed with keynotes, panels, and workshops from more than 200 industry-leading speakers from the world of blockchain, DeFi and NFTs. On what is going to be the largest Chainlink event this year, the organizers are expecting more than 1000 attendees from all around the world, who will familiarize themselves with the latest innovations in hybrid smart contracts, cross-chain communication, and scaling security in the DeFi sector. Without a doubt, the event will help spread the word about Chainlink’s oracles and their versatile use cases. In addition, researchers and engineers from Chainlink Labs will shine a light on the progress of Chainlink 2.0. You can find the full schedule, list of speakers and registration form for the SmartCon here.

  • Basic Crypto Terms You Should Know

    Basic Crypto Terms You Should Know

    Using crypto might be challenging if you are not familiar with the so-called crypto language. As a matter of fact, some users are even attending crypto seminars to understand what digital cash is all about.

    Now that we have everything on the internet, here is a quick guide about all the crypto terms explained in simple terms.

    Cryptocurrency

    It is described as digital money that operates on blockchain technology. Unlike your traditional currency, it is decentralized or not controlled by the government or any financial institution.

    Altcoins

    It is basically any other digital currency other than Bitcoin. It is also referred to as alternatives to Bitcoin. In fact, there are more than 5,000 cryptocurrencies in the market right now. Some of these altcoins are:

    Blockchain

    It is described as a distributed ledger system consisting of blocks. These blocks contain all of the verified transactions. What’s amazing about it is that aside from being decentralized, it is also immutable. It simply means that entries included in the blockchain cannot be erased or edited easily.

    Address

    Think of it as your home address but replace it with random numbers and letters. Just like your home address, it determines the destination of any crypto payment. This is also used every time you deposit or withdraw your winnings in any casino site.

    Mining

    It is a process wherein miners create and verify cryptocurrency. Mining also involves complex mathematical problems. The best thing about mining is that it is profitable.

    Cryptography

    It is basically the process of encoding and decoding information using complicated codes. It is also a way to secure all means of communication from malicious third-parties or hackers lurking in the dark. There are three types of cryptography, these are:

    Secret Key Cryptography (SKC)

    It is a single key for both encryption and decryption. It is the sender’s and the receiver’s key.

    Public Key Cryptography (PKC)

    This key is mostly used for authentication, non-repudiation, and key exchange. Unlike SKC, there are two keys. One for encryption while the other is for decryption.

    Hash Functions

    This is the type of cryptography that does not use any keys. Once it is transferred, it is not recoverable.

    Fork

    It is a change in currency’s rules or protocol. It can either be a hard fork or a soft fork. Forking also means a split in the blockchain network.

    In the blockchain fork, anyone can propose improvements and change the code.

    Volatility

    It is the movement of crypto’s value in the market. It can also increase and decrease at any time.

    Initial Coin Offering (ICO)

    This represents the organizations that offer digital tokens to the public to raise money. For instance, if you can mine a specific number of blocks, an organization will reward you with tokens.

    Cold Wallet

    It refers to storing your coins away from the web. It can be in a flash drive or an offline Bitcoin wallet.

    Hot Wallet

    It is your crypto wallet that is connected to the internet. It is also encrypted with random numbers and letters to protect your funds from hackers.

    Fiat Currency

    It refers to any currency issued by the government or any banking institution. It can be dollars, pesos, rupees, riyals, and many more.

    Pump and Dump

    It is described as a form of market manipulation by traders who artificially inflate prices and leave the market. This is also the reason why there is a sudden drop in the coin’s value.

    Cryptocurrency Exchange

    This is a platform used to exchange fiat to cryptocurrencies. It is like a forex trading platform but for cryptos.

  • Top 3 Coins to Watch – Week 39

    Top 3 Coins to Watch – Week 39

    The cryptocurrency markets continue moving at a rapid pace, and we are seeing leading crypto and blockchain projects coming out with significant updates every day. However, it can be hard to keep up with all of the innovation that’s happening in crypto – here’s where we can help you out. Let’s check out 3 projects that will be particularly interesting to follow this week.

    1. Neo (NEO)

    NEO is a blockchain platform that supports smart contracts and decentralized applications (dApps). NEO also allows users to create and deploy custom tokens through NEP-5 and other token standards. NEO leverages a dBFT (delegated byzantine fault tolerant) consensus mechanism. Users who hold NEO periodically receive GAS, which is necessary for paying transaction fees and running dApps on the NEO blockchain.

    Buy/Sell NEO

    Why NEO? The Mainnet Upgrade Takes Place   

    The NEO mainnet was upgraded to the newest version of neo-cli v2.12.0 on September 20. Due to the upgrade, the NEO blockchain experienced a hard fork at block 620,000.

    The update introduced an increased free sys_fee GAS threshold, which  increased from 10 GAS to 50 GAS. In addition, the maximum amount of transactions allowed per block was adjusted to 200, and a bidding mode was  implemented for all transactions.

    2. Avalanche (AVAX)

    Avalanche is a proof-of-stake blockchain platform that’s strongly focused on scalability. The Avalanche platform supports smart contracts, making it suitable for launching highly scalable decentralized applications. Like other blockchain platforms that support smart contracts functionality, Avalanche is suitable for DeFi apps, non-fungible tokens, DAOs and more. Avalanche also allows users to create highly complex digital assets that feature custom rules, covenants, and riders (smart assets).

    Buy/Sell AVAX

    Why Avalanche? The Mainnet Launched This Week

    The Avalanche mainnet launched on September 21, meaning that the platform can now start supporting DeFi activities through its EVM-compatible feature set. Applications built on Avalanche can benefit from the platform’s impressive throughput of around 4,500 transactions per second.

    Avalanche is positioning itself as a convenient way to help Ethereum-based applications scale without having to make significant changes to their code. This is possible because the Avalanche Contract Chain (C-Chain) is an implementation of the Ethereum Virtual Machine (EVM).

    3. Binance Coin (BNB)

    Binance Coin is a cryptocurrency created by the Binance cryptocurrency exchange in 2017. Originally deployed as an ERC-20 token on Ethereum, BNB is now the native asset of the Binance Chain blockchain. In addition to its use on Binance Chain, BNB provides several benefits to users who hold the token on the Binance exchange. BNB holders enjoy reduced trading fees on Binance and have access to some of the exchange’s exclusive products.

    Buy/Sell BNB

    DeFi push and Binance Card

    Binance continues to release new products and expand its offering. The exchange is making a move into the DeFi space with their Binance Smart Chain, and has set up a $100 million fund to attract developers onto its blockchain platform.

    The exchange has also created multiple new programs that incentivize users to hold BNB.

    First, Binance has launched its Binance Card crypto card, which allows users to spend their cryptocurrency wherever Visa cards are accepted. By holding BNB on Binance, Binance Card users can benefit from better cashback rates, and this could serve as yet another driver of demand for the BNB token. In addition, BNB holders can participate in Binance Launchpool by staking their BNB. In exchange for staking BNB, users receive tokens from new projects that are about to be listed on the Binance exchange. Projects that have participated in the Launchpool program so far include Bella Protocol and Wing.