Category Archives: Binance Smart Chain
What Coinbase’s Layer 2 Says About Where We’re Headed – Crypto News Flash
Courtesy: https://www.coinbase.com/
Coinbase recently announced Base, its own Ethereum Layer 2 solution that offers a safe, low cost, developer friendly alternative to the Ethereum mainnet.
Through the prior bull market, we saw alternative Layer 1 blockchains arise with Binance Smart Chain being among the most prominent. Thanks to Binances 90 million users, Binance Smart Chain saw incredible growth through 2020 and 2021.
With direct access to Coinbases 110 million users, Base has the potential to capture an even larger market than Binance Smart Chain. At its peak, Binance Smart Chain attracted tens of billions of dollars in digital assets. Importantly, Coinbase has the ability to take learnings from other layer 1 blockchains and apply them to Base.
Heres what Base says about where the cryptoeconomy is headed.
Coinbases Base is an Ethereum optimistic rollup that runs computations off-chain and posts transaction results onto mainnet. By reducing the amount of data that needs to be processed on-chain, optimistic rollups can reduce fees by over 100x. Besides reducing gas fees, the rollup increases transaction speeds and maintains the decentralization and security of Ethereum blockchain.
Base is built via Optimisms open source OP stack, which means it is fully EVM compatible, allowing Ethereum applications to be directly imported onto Base. The network announced dozens of applications that Base will launch with, including Aave, Infura, and Chainlink. EVM-compatibility is critical to add utility to a networkBase can rely on established teams, applications, and users that already exist within Ethereums ecosystem.
Coinbase will be empowering DeFi applications with access to their products, users, and tools. Users can easily onramp their fiat to use DeFi applications, while Coinbase could have direct integrations with applications via their wallet.
Coinbase is also joining Optimism as a core developer on the OP stack, which is aiming to create a modular Superchain that connects all OP Layer 2 networks together, improving on user experience and the current set of scaling solutions.
Instead of relying on issuing network tokens as incentives, Pollak from Coinbase feels that the Bases access to large-scale consumer distribution and EVM compatibility would achieve product market fit. By driving down fees, building better wallets and infrastructure, Base would naturally achieve growth.
To quote Pollak, Coinbases goal is to make on-chain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbases on-chain products and an open ecosystem where anyone can build.
Bases improvements on gas fees drastically improves feasibility for users to use EVM-based decentralized apps. A single transaction on Ethereum, like minting an NFT or swapping tokens, could cost users hundreds of dollars during peak usage. Though gas fees are lower now due to reduced user activity, basic functions like swapping tokens on Ethereum still cost around $10. The barrier to entry is enormously high for normal users, stifling the adoption of Web3.
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If similar to Optimisms network, normal transactions would cost cents instead of dollars. Users would be able to access applications like Aave and Balancer at a fraction of the usual transaction fees, creating a truly accessible Web3 experience.
Users will be able to create, buy, or sell any token on decentralized crypto exchanges without waiting for centralized exchange listings and access high yield strategies without paying prohibitive transaction fees. Instead of storing income as cash in the bank earning low rates, savers could easily deposit into safe high-yielding stablecoin strategies.
The accessibility of Ethereums applications to the masses cannot be understated. Right now, many users are unable to use Ethereum due to its high network fees. As seen through 2022, DeFi applications have weathered the turbulent markets and have provided more robust infrastructure than its centralized counterparts. With new access to layer 2 solutions, these applications will become more accessible than ever before.
At Origin Protocol, the team is excited to explore layer 2 solutions to make their products more accessible to the everyday user. By integrating applications like Aave, Compound, Curve, and Convex, OUSD deploys assets into non-speculative stablecoin strategies to earn yields above 5% for users holding OUSD. With so many retail users burned from centralized interest-bearing products, theres a clear need for transparent, safe yields through DeFi.
Since OUSD holders do not have to lock up or stake capital to earn yield that is directly sent to their wallet daily, users remain fully liquid. If the user needs their dollars to pay bills, they can swap out their OUSD for USDC and easily offramp via Coinbase. Yield earned in DeFi is completely transparent, as opposed to centralized platforms that often engage in opaque and risky behavior. As OUSD explores layer 2 scaling solutions, Base is an important consideration to explore.
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Both crypto-natives and Coinbase users are excited for the launch of Base, due to the amount of features and synergies it unlocks for DeFi. Users would have access to an Internet of finance, a financial system that is truly fit for the Internet age.
Base has been in testnet since February 23, 2023, opening the platform for developers to test their applications on the network. Coinbase has not confirmed a launch date for Bases mainnet yet.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
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What Coinbase's Layer 2 Says About Where We're Headed - Crypto News Flash
Binance Resumes Deposits, Withdrawals After 5hrs Of BNB Network Issue – CoinGape
The worlds largest crypto exchange Binance suffered issues after the wallet maintenance for BNB Smart Chain (BEP20). The exchange temporarily suspended deposits and withdrawals on the BNB Smart Chain as the team worked to resolve the issue.
The withdrawals and deposits have resumed after 4-5 hours of fixing the node issue after the Binance Smart Chain (BEP20) network upgrade.
According to an official announcement on March 30, Binance revealed it has temporarily suspended BSC deposits and withdrawals due to a node issue after the Binance Smart Chain (BEP20) network upgrade.
Due to a node issue following the Binance Smart Chain (BEP20) network upgrade, we have temporarily closed BSC deposits and withdrawals. Our team is working to fixing the issue, with an estimated completion time of 1-hour.
The wallet maintenance for BNB Smart Chain (BEP20) is expected to be completed by 11:00 UTC on March 30. Binance team is actively working to complete the maintenance as quickly as possible.
The scheduled wallet maintenance for the chain was announced on Tuesday, with investors aware of exchange suspending deposits and withdrawals on the BNB Smart Chain for two hours. However, users are impacted due to the extension of the wallet maintenance to another two hours.
This is the second time Binance has suffered issues in a week. On March 24, the exchange suspended all spot trading after the matching engine encountered a bug on the trailing stop order. Bitcoin and Ethereum prices fell after the announcement as the exchange remained offline on the trading part.
Bitcoin price fell over 0.50% during the scheduled Binance Smart Chain (BEP20) network upgrade. The BTC price is trading above $28,500 at the press time.
Ethereum price also fluctuated during the node issue, with the price currently trading at $1,805 at the press time.
Also Read: Binances Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit
Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.
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Binance Resumes Deposits, Withdrawals After 5hrs Of BNB Network Issue - CoinGape
CZ tweeted that a $1B recovery fund would be moved into native crypto with transparency. Then Binance stuck it in a corporate wallet – Yahoo Finance
In the wake of FTX's collapse in November, the newly crowned kingpin of crypto, Binance CEO and cofounder Changpeng "CZ" Zhao, announced that his exchange would create an industry recovery fund to "help projects who are otherwise strong, but in a liquidity crisis."
Binance committed $1 billion of its own capital, seeded into a public address with its self-branded stablecoin, BUSD, and invited other companies to participate. Binance also boasted that it intended to ramp up its own contribution to $2 billion.
After BUSD came under fire from U.S. regulators and Binance partner Paxos stopped issuing the token, Zhao tweeted on March 13 that Binance would convert the $1 billion left in the "Industry Recovery Initiative" to "native crypto," including Bitcoin, Ether, and Binance's own cryptocurrency, BNB.
"Some fund movements will occur on-chain," he wrote. "Transparency."
In a single transaction on March 13, Binance moved just over $985 million BUSD to one of its corporate exchange wallets, called Binance 14. Despite Zhao's promise of transparency, there have been no subsequent movement of the funds, and a Binance spokesperson told Fortune that the company intends to keep the capital in its corporate wallets, rather than a public address, without specifying how the BUSD will be converted.
"We remain committed to supporting the industryalthough given the fact that crypto prices have recovered well above post-FTX levels, there are not as many companies in need of help," the spokesperson said. "We will keep funds available, as needed, but they will sit in our corporate wallets rather than in the IRI wallet."
As Binance faces increasing pressure from regulators amid allegations of misappropriated funds, the mismatch between public rhetoric and private behavior regarding the recovery initiative doesn't help the company's optics.
After Zhao announced the crypto recovery fund on Nov. 14, the initiative quickly drew praiseand participationthroughout the industry. It also attracted top partners, with leading companies such as Jump Crypto, Polygon Ventures, Aptos Labs, and Animoca Brands agreeing to contribute around $50 million in aggregate.
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Ten days after announcing the fund, Binance said it had received over 150 applications from companies seeking support. By February, the exchange announced that the fund had grown to $1.1 billionmeaning the commitment from other firms had grown by just $50 millionand that it had supported 14 projects, including the South Korean exchange GOPAX.
Because Binance listed a public address for its portion of the recovery initiative, it's possible to see transactions into and out of the fund. Until Binance moved out its BUSD in March, the address only registered two outgoing transactionsone on Nov. 24, for just over $50 in BUSD, and the other on Feb. 3 for just under $15 million in BUSD. The Binance spokesperson confirmed the latter transaction was for GOPAX.
BUSD has been a target of criticism. Even though the New York-based Paxos issued the stablecoin, which is backed 1-to-1 with the dollar, Binance issued its own "wrapped" version of the token that would function on its proprietary blockchain, Binance Smart Chain. BUSD is only operable on Ethereum.
In early January, the blockchain analytics firm ChainArgos revealed that the wrapped version of BUSDcalled Binance-peg BUSDwas often undercollateralized, or not backed 1-to-1and Bloomberg later reported that Binance was commingling collateral for the Binance-peg BUSD token with customer exchange funds in a corporate wallet called Binance 8. A spokesperson said that the collateral assets had been moved into the wallet "in error." Fortune reported that a similar dynamic occurred with a different wrapped token, Binance-peg USDC, in a corporate wallet named Binance 14.
Commingling different types of assets in the same corporate wallets has been a persistent management issue for Binance, including with the recovery fund. The $1 billion in BUSD initially came from the corporate wallet Binance 14, which also stores customer funds, raising the eyebrows of onlookers on Crypto Twitter.
With its recent decision to move the recovery initiative fund back to a corporate wallet, Binance is repeating the same dynamic. After the New York Department of Financial Services ordered Paxos to stop issuing BUSD amid allegations of Binance's improper management of wrapped tokens, BUSD's market cap fell sharply, spurring Binance to declare it would convert its $1 billion of BUSD in the recovery initiative to Bitcoin, Ether, and BNB.
Even though Zhao publicly said this process would be happening with "transparency," the company spokesperson confirmed that the fund instead would be stored in Binance 14where the capital initially came fromrather than in a publicly viewable and separate address. The spokesperson did not clarify the discrepancy between Zhao's public statement and the private management decision.
With crypto markets rebounding, applications to the initiative have "dropped significantly," the spokesperson added. The funds remain available, but with them back in a corporate wallet it's impossible to track whether Binance indeed converted the BUSD into "native crypto" or whether it will continue to disseminate the funds.
This story was originally featured on Fortune.com
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Crypto Updates: Ethereum (ETH) and RenQ Finance (RENQ) are … – Analytics Insight
Cryptocurrencies have gained significant attention recently, with more and more people investing in digital assets like Bitcoin, Ethereum, and RenQ Finance.
According to recent data, in the USA, Ethereum (ETH) and RenQ Finance (RENQ) have emerged as the two most traded cryptos. The growing popularity of these tokens can be attributed to their innovative technology and strong fundamentals, making them stand out in a crowded market.
This article will provide an overview of the latest updates on Ethereum and RenQ Finance, giving insights into why these tokens attract the attention of traders and investors in the USA.
Ethereum is the second-largest cryptocurrency by market capitalization, with a market cap of over $219 billion. It is widely regarded as the king of decentralized finance (DeFi), thanks to its smart contract functionality, which allows developers to create decentralized applications (dApps) and other financial products on top of the Ethereum network.
In recent years, the DeFi space has exploded in popularity, and Ethereum has been at the forefront of this trend. The Ethereum network now hosts more decentralized applications (dApps) than any other blockchain, and the total value locked in DeFi protocols built on top of Ethereum has surpassed $50.34 billion.
One of the key drivers of Ethereums popularity is its strong community of developers and supporters, who continue to innovate and push the boundaries of what is possible with decentralized technology.
Additionally, the Ethereum 2.0 upgrade, which moves the network from a proof-of-work to a proof-of-stake consensus mechanism, improves scalability and reduces transaction fees, making the platform even more attractive to users.
RenQ Finance is a relatively new player in the DeFi space, having launched in February 2023. However, it has quickly gained popularity among investors and traders thanks to its innovative multi-chain platform and commitment to security and interoperability.
Unlike other DeFi protocols that are limited to a single blockchain, RenQ Finance offers a multi-chain solution that allows users to trade and invest in cryptocurrencies across multiple blockchains, including Ethereum, Binance Smart Chain, and Polkadot. This unique feature has made RenQ Finance an attractive option for investors looking to diversify their portfolios and gain exposure to multiple cryptocurrency markets.
RenQ Finances commitment to security and interoperability has also set it apart from other DeFi protocols. The platform uses advanced security measures, such as multi-signature wallets and smart contract audits, to ensure the safety of user funds. Additionally, RenQ Finance is built to be interoperable with other DeFi protocols, allowing for seamless integration with other platforms and the exchange of assets across different blockchains.
Ethereum (ETH) and RenQ Finance (RENQ) are two cryptocurrencies that have been gaining significant attention from traders and investors in the USA.
Ethereum has been a popular choice for investors due to its use in decentralized finance (DeFi) applications and non-fungible tokens (NFTs). The Ethereum blockchain allows for the creation of smart contracts, which enable the execution of complex financial transactions without the need for intermediaries, making it an attractive option for those seeking to decentralize the financial system.
RenQ Finance, on the other hand, is a newer cryptocurrency that has been making waves in the DeFi space. RenQ Finance is a decentralized finance platform that offers users various financial services, including yield farming, staking, and liquidity provision. Its use of artificial intelligence (AI) technology to optimize investment strategies and asset management has also made it an attractive option for investors seeking innovative solutions.
Both Ethereum and RenQ Finance have strong fundamentals and innovative technology that make them stand out in the crowded cryptocurrency market. The potential for growth and the increasing interest from traders and investors make them two of the most talked-about cryptocurrencies in the USA right now.
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Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf
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Crypto Updates: Ethereum (ETH) and RenQ Finance (RENQ) are ... - Analytics Insight
Top 5 Best Bet Altcoins To Watch This April – Coinpedia Fintech News
Crypto analyst Austin Arnold has identified five cryptocurrencies that investors should watch out for in April 2023. According to him, he expects these coins to experience significant events that could affect their market performance, making them potentially good long-term investment options for crypto enthusiasts.
The first coin on Austins radar is ethereum ethereum Blockchain NetworkTechnology (ETH). He highlights the Chalapa/Shanghai upgrade that will occur on April 12 will let Ethereum stakers freely withdraw their holdings since it is currently not possible. The move is expected to lead to more Ethereum staking, which at the moment stands at 16%.
Austin predicts that after the Shanghai upgrade, the percentage will increase to over 70%, which is comparable to other major protocols such as Cardano, Solana, and Binance Coin (BNB). He expects this to push Ethers price incredibly higher.
Also Read: Ethereum Price Prediction 2023, 2024, 2025: This Is How ETH Price Could Perform In 2023!
The second coin on the list is EOS (EOS), which Austin refers to as the Ethereum killer. EOS is set to launch an EVM (Ethereum Virtual Machine) on April 14, which will make it interoperable with Ethereum. Austin acknowledges that EOS is a layer one dApp platform that prioritizes dapp dapp On-Chain performance by offering faster transactions and lesser gas fees than Ethereum.
EOS is known for holding the largest-ever initial coin offering (ICO), raising over $4 billion by selling 1 billion EOS over the course of a year-long ICO. Despite this achievement, the coin has not lived up to the expectations set by its creators, and the community has since fired its leadership. However, with new leadership and a commitment to rebuild, Austin believes that EOS may have the potential to become one of the top platforms in the future.
Fetch.ai (FET) is the third coin on Austins list. The AI-focused crypto protocol has raised $40 million from market maker and investment firm DWF Labs to deploy decentralized machine learning, autonomous agents, and network infrastructure on its platform.
Austin notes that the AI narrative is continuously growing strong in 2023, and Fetch.ais tools for developers to deploy and monetize applications could generate economic value thereby pushing its price up.
Also read: Bitcoin Price Likely to Follow Fetch.ai (FET) Footsteps and Rally to ATH?
PancakeSwap (CAKE) is the fourth coin that investors should watch out for in April. The decentralized exchange (DEX) is set to launch version three on April 8, which will supposedly improve user experience and add new features.
Austin pointed out that pancakeswap pancakeswap Decentralised Exchange is the only primarily Binance Smart Chain (BSC) ecosystem among the top five DEXs. He also noted that with major centralized exchanges that back Binance coming under fire regulatory-wise, it is time to look at DEXs like PancakeSwap.
Also Read: PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Smash The $10 Mark This Year?
Elrond (EGLD), now known as Multiverse X, is the fifth and final coin on Austins list. The layer one platform has several events scheduled in April, including the X Money and Twist Pay becoming X Money on April 12 and the X Fabric blockchain module for individuals and brands going live on April 26.
The elrond elrond Blockchain Network community has grown to over 25,000 members, which is significant given the recent rebranding and a sign that the crypto will experience a major surge in the very near future.
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Top 5 Best Bet Altcoins To Watch This April - Coinpedia Fintech News
Value Locked in Defi Holds the Line at $50B, After Temporarily … – Bitcoin News
The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains.
According to statistics, the value locked in defi on April 2, 2023, is $50.22 billion, up 0.91% in the past 24 hours. The protocol Lido Finance commands a TVL of around $10.94 billion as of Sunday. Lido dominates the $50 billion TVL with 21.77%, and the value locked in the protocol saw a 19.75% rise in March.
Makerdaos TVL is below Lidos at $7.7 billion as it rose 9.66% last month. Aaves TVL increased by 16.94% to the current $5.55 billion. Protocols following Lido, Makerdao, and Aave in TVL size include Curve, Uniswap, Convex Finance, JustLend, PancakeSwap, Coinbase Staked Ethereum, and Instadapp.
While Lido jumped over 19% last month, Coinbase Staked Ethereum rose by 22.29%, and Rocketpool, another Ethereum (ETH) liquid staking protocol, saw its TVL rise by 18.47%. Other notable risers in terms of TVL in defi protocols include Liquity, up 27.12% over the last 30 days, and Bwatch, which rose 25.78%.
Of the $50 billion TVL today, 58.6% of the value locked is housed on Ethereum. 10.69% is held on Tron, 10.15% is stored on the Binance Smart Chain (BSC), and 4.4% is kept on Arbitrum. Ethereums TVL is $29.39 billion, and Trons is currently $5.36 billion.
Ethereums and BSCs TVLs shrunk in March, but Trons rose 2.8% higher, and Arbitrums TVL swelled by 13.93%. Notable gainers in March include Mixin (+16.32%), Defichain (+14.84%), and Kava (+18.52%).
Optimisms TVL was reduced by 9.68% in March, and Fantoms slid 8.87% lower. Polygon and Avalanche also saw TVL reductions during the past 30 days. Ethereum has the most defi protocols with 720, while Tron only has 17. BSC has a total of 568 recorded, and Polygon has 399 defi protocols.
Defillama statistics show that Ethereum-based decentralized exchanges (dexs) have seen $4.54 trillion in cumulative volume. BSC has recorded $1.46 trillion, and Avalanche has seen $215.22 billion to date. Dex volume by chain is almost as high as it was in May 2022.
What do you think the future holds for the value locked in decentralized finance? Will we see continued growth, or could there be another dip in the near future? Share your thoughts in the comments below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Value Locked in Defi Holds the Line at $50B, After Temporarily ... - Bitcoin News
Cronos (CRO), Polkadot (DOT) and TMS Network (TMSN) Go Head … – The Crypto Basic
As the crypto market continues to mature, investors are looking for promising assets that could provide the best returns in 2023. This article will compare and contrast the investment potential of Cronos (CRO), Polkadot (DOT), and TMS Network (TMSN) to determine which one is likely to offer the highest returns in the upcoming year.
Crypto.coms Cronos (CRO) blockchain aims to expand and enhance the Decentralized Finance (DeFi) ecosystem. It is designed with Ethereum Virtual Machine (EVM) compatibility, providing a developer-friendly environment for building and deploying DeFi applications.
The Cronos (CRO) DeFi Wallet is a non-custodial wallet that allows users to manage their digital assets and access DeFi services on Cronos (CRO) and other supported blockchains. Users can stake Cronos (CRO) tokens and earn rewards, participate in yield farming, and access decentralized exchanges (DEXs) for trading tokens, all through the DeFi Wallet.
Cronos (CRO) enhances cross-chain interoperability, allowing for seamless integration with other major DeFi networks like Ethereum, Binance Smart Chain, and Polygon. This makes it easier for users to access a wide range of DeFi services and participate in a variety of DeFi activities across different networks.
Cronos (CRO) has gained traction thanks to its user-friendly approach, strong ecosystem, and focus on mainstream adoption. However, as with any blockchain project, it faces competition from other platforms. Therefore, investors should consider alternative platforms before investing in Cronos (CRO).
In the fast-moving world of cryptocurrencies, many platforms are trying to keep up with the competition by exploring various avenues. One such platform is Polkadot (DOT), which is taking a cautious approach to cryptocurrency markets.
Polkadot (DOT) offers exceptional extensibility by enabling a common set of validators to secure multiple blockchains. Polkadot (DOT) has a large market capitalization and is listed on all leading cryptocurrency exchanges and platforms. However, investors have been concerned about Polkadot (DOT)s price forecasts.
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As a peer-to-peer decentralized network, Polkadot (DOT) connects and is compatible with multiple blockchains, outperforming other networks in terms of utility through its parachains and auctions that strengthen the network. However, one disadvantage of buying Polkadot (DOT) is its high price, currently selling for $6 per token.
TMS Network (TMSN) is currently one of the most popular crypto tokens in the market, having impressed investors with its impressive performance during its presale, which raised $2.5 million.
TMS Network (TMSN) is set to change the crypto space with its innovative features, such as educational resources to help investors make better trades and a social trading feature that allows users to mirror successful trades made by veterans in the arena.
Investors looking to diversify their portfolio without the hassle of holding assets on multiple platforms can benefit from TMS Network (TMSN)s all-encompassing solution.
TMS Network (TMSN) provides access to multiple tradable asset classes, including cryptocurrencies, equities, FX, and CFDs, making it an ideal platform for those looking to expand their investment portfolio.
This increased appeal has made TMS Network (TMSN) a popular choice among investors. TMS Network (TMSN)s innovative solutions, diverse tradable asset classes, and the ability to earn from other traders activity make it a compelling choice for those looking to invest in the crypto space.
The article compares three cryptocurrencies that investors could consider in 2023. Cronos (CRO) provides a DeFi ecosystem with cross-chain interoperability, Polkadot (DOT) offers compatibility with multiple blockchains, and TMS Network (TMSN) provides educational resources, social trading, and access to diverse tradable asset classes in a community-friendly platform.
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Cronos (CRO), Polkadot (DOT) and TMS Network (TMSN) Go Head ... - The Crypto Basic
Uwerx (WERX), Fantom (FTM), and Binance Coin Ready to Explode … – Cryptopolitan
Institutional adoption of blockchain technology remains at an all-time high, and whales have been busy buying the dip. The following bull market cycle will be unlike any before, driven by real-world utility. Crypto adoption globally stands at roughly 10%; the next bull market will see adoption levels rise to 70%. Many investors will become fabulously wealthy, and Uwerx, Fantom (FTM), and Binance Coin (BNB) are ready to explode in 2023.
Uwerx (WERX)Uwerx will be the worlds first global blockchain freelance platform. The world of work has changed forever, Covid-19 sped up the transition to remote work, and even after the pandemic, the number of remote workers has continued to rise at a staggering rate. However, even with an increase in the number of freelancers, the platforms available to these workers remain substandard. For example, one of the industry leaders, Upwork, continues to charge 20% service fees to all users.
Uwerx changes the paradigm and removes the middlemen. It uses smart contracts instead of charging escrow fees, allowing for a better connection between employer and employee. Uwerx will use a fair launch distributing 40% of tokens for the presale, and when the presale closes, the team will lock liquidity for twenty-five years.
Liquidity will also be locked in for 25 years. InterFi Network and SolidProof have both completed audits for the Uwerx and several analysts have stated that WERX can increase by at least 8,000% in 2023-2024. The team will also renounce contract ownership as soon as the project is ready to be listed on centralized exchanges.Fantom (FTM)Fantom (FTM) is the unofficial king of DeFi. Fantom (FTM) is an ultra-scalable layer one project that uses a directed acyclic graph (DAG) instead of a blockchain powering faster finality and lower fees. Fantom (FTM) remains highly volatile, and with the return of Andre Cronje to the Fantom (FTM) developer team, the future once more looks bright. Fantom (FTM) encourages the best developers to join its network by fairly compensating them, and when DeFi begins to thrive, Fantom (FTM) will start tearing through the ranks again. Binance Coin (BNB)Binance Coin (BNB) is a heavyweight in the crypto space and is backed by Binance, the worlds leading exchange ranked by volume. Binance Coin (BNB) powers the Binance Smart Chain, and every transaction in cryptos second-largest ecosystem requires Binance Coin (BNB). Binance burns Binance Coin (BNB) every quarter and will continue to do so until it has burned 50% of the total supply of Binance Coin (BNB). Binance Coin (BNB) is a blue-chip project, a token many new investors will be exposed to early on, and an excellent investment. Uwerx Set To Dominate 2023Fantom (FTM) and Binance Coin (BNB) will likely be 2-3X in the next bull market. But investors searching for hidden crypto gems need to look no further than Uwerx. The WERX token can easily be 100X in 2023 due to the opportunity to get in early, and by providing a better platform for the entire freelance industry, this project could easily become a blue-chip before 2024. Follow the links below to enter the presale at $0.005 (whilst you can).
Find Out More Here:
Website: http://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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Uwerx (WERX), Fantom (FTM), and Binance Coin Ready to Explode ... - Cryptopolitan
Introducing KingKong DOGE: The Future of Meme Tokens – StreetInsider.com
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ASHGABAT, TURKMENISTAN, March 30, 2023 (GLOBE NEWSWIRE) -- KingKong DOGE is an innovative community-driven project that is revolutionizing the meme token space. Created by a team of experienced professionals who were frustrated by the lack of value in most meme tokens, KingKong DOGE aims to provide real-world use cases and utilities that benefit the holders while disrupting the meme token landscape.
Built on the Binance Smart Chain and Ethereum, KingKong DOGE offers advanced features like AI NFT minting, DAO governance, and high-speed, seamless swapping. The tokenomics model is designed to strike a balance between rewarding the holders and creating value for the project.
The team is committed to creating value for the community of holders, and that's why several burning mechanisms are in place that burn a small percentage of every transaction automatically, reducing the total supply of $KINGKONG. This scarcity value incentivizes long-term holding, and the holders benefit from their commitment to the project.
$KINGKONGis much more than a meme token. It offers real-world use cases, value, and the opportunity for the community of holders to shape the project's future. The DAO feature enables the community to take control and submit proposals to make a real difference in people's lives.
KingKong DOGE's vision is to create a vibrant community of holders who are passionate about the project's mission and the opportunity to earn rewards through farms and pools. The team has big plans for the future, including strategic partnerships with top blockchain projects, collaborations with renowned influencers in the crypto space, and high-impact marketing plans to raise awareness and drive adoption.
KingKong DOGE is the ultimate meme token, offering unparalleled value and opportunity to its holders. The presale is about to launch, and the project invites you to join the revolution.
For more information on KingKong DOGE and how to participate in the presale, visit the website at kingkongdoge.io
Join the KingKong DOGE community on Twitter:https://twitter.com/kingkongdoge
Join the Telegram community:https://t.me/kingkongdogetoken
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Introducing KingKong DOGE: The Future of Meme Tokens - StreetInsider.com
Is The Future of Crypto Pancake Shaped? – BOSS Magazine
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At one point in time, Bitcoin was the only cryptocurrency. It feels almost hard to believe now, with as many as 22,904 crypto tokens in existence and around 43 million active crypto traders. But back in 2009, the elusive Satoshi Nakamoto created the whitepaper for the very first cryptocurrency, with most of the population entirely unaware of the snowball effect that would follow. That snowball in question has hit a few mounds on its way, it has to be said. Altcoins like BCC, SAFE, UST and LUNA have ridden the wave of the rising digital commerce market, only to break away from the strength of blockchain and plunge into darkness a fact that has so far proven to be irreversible.
But despite these failures, there have been many altcoins that have clung to the snowball and begun to entirely rearrange its shape. Coins like ETH, USDT and BNB have rattled the crypto landscape over the last ten years, with the possibility that they might even overtake BTC as the most valuable coin in the next ten. Even lesser known coins or memecoins such as Dogecoin and PancakeSwap have made waves of their own. In fact, often it is these coins that can create the most revolutionary impact. For instance, the PancakeSwap Price might not be as high as some other altcoins, but the premise behind it is enough to make it a serious investment for traders who are looking for long-term profit.
To give a little detail, CAKE (the PancakeSwap coin) is a decentralised token that is native to the BNB smart chain meaning it does not have its own blockchain. PancakeSwap itself is an automated market maker, offering a range of decentralised services that goes beyond simple trading techniques. These include yield farming, liquidity mining, coin swaps, as well as regular lotteries. On the PancakeSwap platform, holding a CAKE token can allow users to form a sort of governance body, making important decisions concerning future development and the higher CAKE holdings a user owns, the higher their voting power.
Right now, it has one of the highest user bases for any dAPP, not least due to the strong, secular growth that the decentralised finance space has enjoyed over the last few years. As mentioned previously, a coin like this has a wide range of benefits when it comes to cryptocurrencys future, but that is largely due to the benefits it offers now:
One of PancakeSwaps main rivals is Uniswap, which exists inside the Ethereum blockchain. The reason many users see CAKE as a better investment, however, is because the fees are far more manageable, sitting at 0.2% for those who utilise liquidity in their pools. Fees are also not paid in ETH which given the troubles of Ethereum post-merge and the increase in fees allows for higher profit margins and more transactions to be made on the platform itself. The reason PancakeSwap has attracted such a big community, in fact, is due to the competitive transaction fees that have become one of the main drivers of the network itself.
Speaking of liquidity, this is one of the other benefits of existing inside the Binance smart chain. The CAKE token has a high daily volume, meaning it is particularly useful for short-term investors who are looking for tokens to quickly stake. Compared to many other altcoins, CAKE is easy to get into and out of, with a wallet integration that makes it open for all. As well as this, staking CAKE can provide a particularly high return, especially if done through yield farming. CAKE offers a unique utility, with a number of options for holders to generate an ongoing return.
Those are the benefits of PancakeSwap right now, but there are many factors to this coin that could make it a pretty revolutionary presence in the markets future. In a way, it harkens back to the very basic concept of cryptocurrency something that BTC and ETH may since have lost sight of. Cryptocurrency is all about giving control to the user, allowing them to run their own platform whilst generating a passive income. This, in many ways, is identifiable in PancakeSwaps sudden rise in popularity. Users want a way to gain a return, whilst also having a strong, meaningful say in governance, with low fees and more control on how they stake and trade the coin itself.
It speaks volumes that the landscape of crypto itself has been bearish in the last couple of years, whilst the sentiment towards CAKE has been undeniably bullish. According to experts, PancakeSwap could hit $100 over the next few years, especially seeing as it is already one of the top-gaining cryptocurrencies of 2023. It is clear that, amongst all of the 22,904 crypto tokens on offer, users simply want efficiency, safety and clarity. The future of crypto, therefore, might be dictated by altcoins like this, which allows them to govern and stake in the way that they want to, without complications or the difficulties of being tethered to high trading fees. In this way, the next few decades of cryptocurrency might not be very complicated. In fact, the message of investors is simple: they want to have their CAKE and eat it.
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