Category: Company News

Valuing and monetizing tokenized assets requires tremendous skill and expertise. Thus, rendering asset management as a tool to raise growth capital and liquidity inaccessible to many.

The global tokenization market sized at $1.92 billion in 2021 is expected to grow to $2.32 billion in 2022 at a compound annual growth rate (CAGR) of 21.09%. Tokenization increases liquidity, lowers costs, and enhances risk management.

AI and web3 valuation, tokenization, and monetization can all sound like overhyped buzzwords. But when put together and packaged neatly into a service, they help organizations of all sizes and shapes realize the value of their tangible and intangible assets. This paves the way for unlocking new revenue streams, driving greater user adoption, and raising growth capital.

At its core, Valuation, Tokenization, and Monetization as a Service (VTMaaS) is the ability to take something of value — like a company or asset — and break it down into small pieces that can be traded on a blockchain. This makes it easier for people to invest in things they might not have been able to before and opens up new opportunities for monetizing assets.

With state-of-the-art AI and blockchain-enabled valuation and portfolio management engines, companies like Ovenue are striving to transform the asset management industry by empowering enterprises of all sizes to unlock the value of off-chain assets through their technology that are backed by AI and Web3.

Ovenue builds and licenses AI and Web3 technologies for asset valuation, tokenization, and monetization. Asset owners or businesses can turn their real-world assets into asset-backed digital products (such as asset-backed tokens, a type of non-fungible tokens) that can be licensed, sold, and collateralized using Ovenue’s end-to-end software and platform, powered by artificial intelligence and blockchain technologies. These software products can be used by small and medium-sized enterprises or financial institutions for asset management, digital transformation, and financing.

Identifying and Evaluating Assets for Tokenization

The first step in the tokenization process is to identify which assets are best suited for tokenization. Once potential assets have been identified, they must be valued and evaluated in terms of their risk/return profile, liquidity needs, and other factors.

After conducting a thorough analysis of the asset, a report is generated that outlines the feasibility of tokenizing the asset in question.

In some cases, asset owners and businesses can choose their off-chain tangible and intangible assets they intend to onboard on to a platform like Ovenue. Intellectual property, commodities, natural resources, and real estate are a few examples of real-world assets that can be tokenized.

The process of asset valuation is one that requires reliable valuation software, predictive analysis, and asset management expertise to generate a fair market value for real-world assets. Expert skill and knowledge of market conditions are required to meticulously calculate the value of an off-chain asset. Ovenue is adept at this.

The valuation process structured by the team at Ovenue combined with predictive and historical metrics adds precision and trust to asset valuation and tokenization thanks to AI and Distributed Ledger Technology’s (DLT) immutability. The legitimacy and enforceability of smart contracts render a new class of highly valuable and transparent assets.

Tokenization and Monetization of Assets

The tokenization of an asset is the process of converting it into a digital token that can be traded on a blockchain. This makes it possible to transfer ownership in the asset and make it more liquid. Once an asset has been tokenized, it can be traded on secondary markets or used as collateral for loans.

The assets, however, need to be isolated due to their inherent risks. This is particularly true in the case of intangible assets.

To isolate the risk associated with the process, Ovenue offers asset owners the option to separate their assets into a Special Purpose Vehicle (SPV) to legalize the asset ownership.

Asset-Backed Tokens (ABTs) are also key to creating new asset-backed products like asset sales, TradFi, and DeFi debts. This simplifies the financing and monetizing efforts as they cannot be replicated or subdivided.

ABTs require a market where they can be traded or transacted to further financing efforts. Asset owners should be equipped to securely exchange digital money, leading to new growth opportunities and financial freedom.

After valuation and tokenization, ABTs are listed to be sold, collateralized for future financing, licensed for royalty, or inventorized on the platform.

Summary

The AI and blockchain-enabled platform and finance protocols that Ovenue has developed significantly simplify raising growth capital.

Asset tokenization brings highly valued assets into the platform and offers a new marketplace where investors can attain financial freedom by buying and selling their holdings. It also ushers in a higher return on investments.

In a move that underscores the importance of attorneys in the NFT space, The Walt Disney Company announced it is looking to hire a corporate attorney who will provide legal advice and support for global NFT products among other responsibilities listed in the job description. This is the latest sign that major corporations are taking notice of what Web3 offers. As the NFT and DeFi industry grows, it will become increasingly crucial for NFT companies to have skilled legal representation.

According to the recent job posting by the entertainment conglomerate – Disney is looking for someone who can help it navigate through legal risks and opportunities, and also ensure its NFT products are in compliance with current United States and International laws and regulations.

NFT attorneys to streamline how Web3 works

This move signals an aggressive push by Disney to stay ahead in the race of “emerging technologies” – NFTs and the Metaverse. Notably, Disney started exploring the NFTs segment last year when they started exploring these new technologies through experiments.

With soaring valuations of $11 billion and counting, the NFT market is a hotbed for fraudulent activity. It often involves scammers minting a fake digital image that does not belong to them. Selling these ‘non-authentic’ coins breaches copyright laws as well contravenes multiple other local regulations.

Hiring the best NFT attorney will help protect company assets and brands from trademark squatters or pirates looking for a chance to make quick bucks through fake NFTs. The lawyers will also best advise the Web3 companies on ways to avoid expensive lawsuits.

GemSet’s panel of NFT attorneys

With the same objective, GemSet, a premium NFT company, recently onboarded a team of NFT attorneys in their advisory panel. Attorneys Gai Sher and Eric Galen will be the pillars to hold the legal framework of GemSet. Both the attorneys have impeccable records and belong to the reputed law firm Greenspoon Marder LLC.

Gai was recently recognized on The National Law Journal’s 2022 Trailblazers list for Cryptocurrency/Blockchain/Fintech Law. She is well-versed in business law and has successfully handled multiple NFT cases.

Law veteran Mr. Eric Galen leads Greenspoon Marder’s innovation & Technology Group. He leverages his unique corporate, Web3, media, and entertainment law background to help clients succeed.

His diverse clientele and collaborators include giants like Intel, Microsoft, Doodles, E11even Crypto, Fullscreen, Route, Calm, GameSquare Esports, OPI, Jaunt VR, Baccarat, Blo Dry Bar, Awesomeness TV, Tik Tok, Imagine Entertainment, Milk & Honey, Audiomack, and Haute Living.

For those uninitiated, GemSet is a group of 10,000 premier NFTs created by renowned South African artist Johnathan Schultz. He is reinventing contemporary art to merge it into digital art seamlessly.

Bottomline

GemSet has shown that having a solid legal team is one key factor that gives buyers confidence that they are getting authentic NFTs. Hence, companies should not underestimate the importance of an excellent legal team for companies in the blockchain space. To stay updated on the GemSet NFT collection, visit its website and social media pages for more details and information on upcoming sales.

 

It’s no secret that the crypto market in 2022 can be a minefield. One wrong step, and you lose. But hey, we all know that investing is risky and losses are a normal part of trading. So no need to frown! We’ve got some good news! With a reliable platform to help you get started, you can minimise risks.

But how can you choose a trustworthy platform among all the scam platforms, illicit apps, and other unsavoury traps waiting to lure in new traders? Well, we’ve got you covered! It’s the tight stronghold of dedicated apps, brokers, and exchanges we’re about to let you in.

Here are 20 reliable platforms you can potentially use to revolutionise your crypto trading journey. By the end of this article, you’ll gain the knowledge needed to successfully navigate the wild world of crypto and safely choose a crypto platform that has your best interests in mind.

Remember, however, that the world of cryptocurrency trading is highly speculative and inherently volatile. Thus, always do your research, never invest more than you can afford to use, and consult a licensed professional to help you reduce financial risks.

Now, let’s begin!

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Coinbase

Even if you are a newbie, perhaps you’ve already heard of Coinbase. Coinbase is, without a doubt, one of the biggest cryptocurrency trading platforms across the globe. Known for being highly beginner-friendly with a wide range of innovative features, Coinbase is a popular platform used by new and experienced crypto investors.

Some of its top features include crypto rewards, a Coinbase debit card, and its extensive crypto selection. Oh, and let’s not forget about the increasingly popular Coinbase Earn system that allows users to earn crypto by watching information videos and taking quizzes. Not bad at all, right?

Binance

There is no doubt that Binance, initially founded in 2017, is now one of the largest trading platforms. Binance has a huge customer base and its own cryptocurrency, BNB. In fact, its native coin is a strong crypto asset with an impressive price history. At the time of writing, BNB is among the top 10 cryptos on CoinMarketCap.

Some of Binance’s most popular features range from dramatically low fees to the enormous array of cryptocurrencies. The platform boasts a staggering portfolio of 600 crypto assets to invest in worldwide, and the fees for using Binance are some of the lowest on the market. How cool is that?

Kraken

Next on our list is Kraken. No, not the sea monster Kraken popularised by the iconic film Pirates of the Caribbean. We are talking about Kraken – a trading monster that can help you ride the tidal waves of the crypto world, one of the original players on the frontline of crypto and blockchain technology. Kraken, founded in 2011, was, in fact, one of the first crypto exchanges featured on Bloomberg Terminal. As of September 2022, it is worth an eye-watering $11 billion!

With its strong security protocols that work hard to keep traders and their investments safe, low fees, and a wide array of options, no wonder why Kraken has millions of members worldwide.

eToro

Based on in-depth analysis and user reviews, eToro is definitely one of the platforms worth considering. Some rank eToro as the best broker for social trading for 2022. With a community of over 20 million users, there is no doubt that eToro is rocking the crypto scene.

The platform is also highly beginner-friendly, comes with low fees, and offers high protection. Just like many of the platforms on our list, eToro allows traders to invest in numerous assets, including stocks, indices, and more. All these features are just a click away!

Crypto.com

Crypto.com is one of the fastest-growing exchanges globally. As stated on their website, the platform offers deep liquidity, low fees and the best execution prices. The best part is that you can start trading from your smartphone. The crypto app comes with impressive functionalities and UX.

With more and more services moving online, satisfactory digital services become the key to success, and Crypto.com knows how to open doors to new opportunities with this key. The platform also offers numerous perks, such as crypto rewards, a Crypto.com card, and over 250+ digital assets to invest in. So if you are an enthusiast who prefers to start trading from the comfort of your home, then Crypto.com might be just the right platform for you.

Gemini

Gemini, founded by two of the most famous Bitcoin billionaires – the Winklevoss brothers, is a popular regulated cryptocurrency exchange, wallet, and custodian. Though compared to other platforms, fees might be a bit higher, Gemini is considered the crypto exchange with the best security.

Offering high safety, Gemini empowers customers to access Bitcoin, which for the Winklevoss brothers is one of the best investments of our century. As Tyler Winklevoss said, “Bitcoin was the first internet money in the world. Then when you realise that money is the greatest social network of all, Bitcoin is maybe the greatest social network of all also.”

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KuCoin

KuCoin is another platform that deserves a spot on our list. KuCoin is a secure cryptocurrency exchange that offers users a variety of assets. As stated on Investopedia, “KuCoin offers a huge selection of cryptocurrencies and relatively low fees compared to other crypto exchanges. It also supports staking and margin, futures, and P2P trading, which may appeal to more experienced users.”

Though it might be complex for complete beginners, no need to worry – customer support is available. As a result, KuCoin has a strong user base. In fact, figures show that 1 in 4 crypto holders has tried KuCoin. You can easily become a KuCoin member as well!

Bitcoin Profit

The iconic platform Bitcoin Profit has earned a solid reputation for saving its users time, money and stress by pairing them with a crypto broker (suited to their experience level, needs, and interests).

Bitcoin Profit offers new investors the chance to invest in an enormous range of cryptocurrencies safely, simply, and securely. Its sign-up process is widely regarded as one of the fastest and easiest in the crypto market, and many users attest to its incredible range of trading tools. But that’s not all! People love that a dedicated account manager is on hand to walk you through every step of the way! How cool is that?

Robinhood

Just like Robin Hood who is a saviour of the poor and oppressed, Robinhood can help us, the common folk, access the potentially lucrative world of investing and employ tools reserved for the rich until recently.

Robinhood is a well-known financial services company that makes crypto investing simple. It facilitates the buying and selling of different assets. One of the best advantages is its beginner-friendly app. 100% accessible!

TradeStation

Next is TradeStation – another popular platform that can help you access real-time market data and a variety of assets, including cryptocurrencies. Many users consider it safe as it’s transparent about its financials and it has a long track record of success.

The company doesn’t rest on its laurels, though. To answer today’s consumer needs, it keeps innovating along with the market and adding new assets to the mix.

Bisq

Bisq deserves a special spot on our list. Why? Because this open-source desktop app is a decentralised exchange (DEX) network, which means that users can trade directly without any intermediaries and enjoy high liquidity.

While DEXs might be more complicated for beginners as there are no brokers, for example, to help execute trades, DEXs ensure fast transactions, easy access, and low fees. Among all the growing in popularity DEXs, Bisq is one of the most trusted ones as it helps users buy and sell crypto securely.

BlockFi

BlockFi is a popular crypto lender and an easy-to-access crypto trading platform. Let’s not forget that the company grew from an ambitious start-up to a crypto giant pretty fast.

Here we should note, however, that BlockFi has had its ups and downs (including legal issues), and it may be acquired by FTX soon. So what does the future hold? Simply stay tuned with the latest news!

FTX

Talking about FTX, we should admit that the company is undoubtedly a fast-growing exchange with ambitious plans. It offers numerous advanced tools, such as margin and futures trading and market-leading liquidity.

But don’t worry, newbie! FTX is also ideal for beginners and comes with low fees. If that sounds appealing, don’t hesitate to give it a go! Just remember to consult a licensed professional if you are a complete beginner and invest only money you can afford to lose.

Webull

With headquarters in New York, Webull is a great brokerage platform to help you buy and sell crypto and access your funds from anywhere in the world. From BTC to DOGE, you pick!

Given its low costs and multiple options, Webull is ideal for both beginners and experts. “Everyone gets smart tools for smart investing,” as stated on their website.

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BitAlpha AI

BitAlpha AI is another popular trading platform that has formed partnerships with some of the best brokers worldwide. BitAlpha AI provides an easy gateway for new investors to get involved in crypto safely and conveniently. The brand is compatible with most devices, meaning you can take your crypto journey wherever you go and stay up to date with your progress whilst on the move.

Using a unique algorithm, it pairs its users up with perfectly suited brokerage services based on pre-defined requirements. Overall, it can save you countless time, stress, and energy. It’s easy to sign up for and suitable for almost every kind of trader. The best part is that most brokers offer demo trading that allows new users to use practice funds before diving into the market properly.

Huobi Global

Now let’s look at Huobi Global. Huobi Global is one of the leading crypto exchanges across the globe and one of the biggest platforms in terms of trading volume.

If you decide to use Huobi Global, then you have the chance to explore different assets, including stablecoins. Let’s not forget that stablecoins – cryptos where the value is pegged to another asset (for example, USD) – are ideal for those who want to invest in crypto but do not want to subject their investments to high volatility.

SushiSwap

SushiSwap is one of the most popular and trusted DEXs. Users can swap any crypto for another. No wonder why there are so many Sushi chefs, aka users. The platform has expanded its services even into lending (via the Kashi app).

Here we should note that many consider SushiSwap a Uniswap clone. Uniswap was proposed by genius Vitalik Buterin and implemented in 2018, which led to the launch of many other DEXs, including SushiSwap.

Cash App

Easy cash in never guaranteed in trading. Yet, the investment sector is exciting – and Cash App is one of the platforms that make the whole trading journey enjoyable. Cash App is a popular financial services platform and a mobile payment service that allows you to trade Bitcoin and other digital currencies. Given its unique mobile features and accessibility, there is no doubt that Cash App is gaining popularity worldwide.

Interestingly enough, some of Cash App’s major competitors are giants like PayPal, Venmo, and Google Pay.

BitMart

And now it’s time to introduce BitMart – one of the best cryptocurrency trading platforms with real-time trading solutions and market data.

With over 1,000 crypts and users across 180 countries, there is no doubt BitMart is one of the most trusted platforms for altcoins trading.

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MetaMask

Last but not least, let’s talk about MetaMask. While MetaMask is not a trading platform but a wallet, it deserves a place here. Why? Simply because it is favourite crypto solution that facilitates crypto trading!

MetaMask allows you to buy and send crypto from within your wallet, collect NFTs across blockchains and operate dApps. You can easily open an account on one of the exchanges mentioned above, such as Binance and Coinbase, download MetaMask and start buying and selling ETH or other tokens. Would you miss out?

To Sum Up

To conclude this guide to the top 20 crypto trading solutions: it is important to go with a platform with a reputation for enhanced security, reliability, and ease of use. Most of all, you should first decide what suits your needs the best: a brokerage service like Webull, a centralised exchange like Gemini, a DEX like SushiSwap or a platform like BitAlpha AI that can help you with your search and connect you with a reputable partner. And of course, do not forget to explore different  mobile features and storage options like MetaMask. The sector is immense, after all!

In the end, crypto investing has a lot of potential and is an important part of any financial portfolio, so ensure you do it correctly with a reliable cryptocurrency platform. The good thing is that most platforms offer a variety of assets besides crypto; you can access forex, commodities, stocks, and more. Just make sure that the platform of your choice is regulated in your country, as some of the brands on our list may have geographical limitations. Always do your own diligence, and remember that trading remains risky!

Image: Pixabay

 

 

 

If Bitcoin is the digital gold of the crypto sphere, then Ethereum is the digital silver. The blockchain powerhouse headed by Vitalik Buterin has taken the world by storm since its foundation in 2015, and its price journey has outperformed BTC on several occasions.

From its starting value of just under $1, the price of Ethereum surged to more than $4,800 last year. This was some of the biggest Ethereum news, but 2022 has marked a major landmark in this cryptocurrency’s journey: The merge!

The merge is seriously exciting, from overhauling price predictions and revolutionising trading to taking Ethereum into the future. Today, we’ll look at how it will change things and cover everything you need to know. But first, what exactly is The Merge?

What Is The Ethereum Merge?

The Ethereum Merge has been a long-awaited upgrade of the digital framework of the world’s second-biggest cryptocurrency that an inefficient energy-sapping system has long been plagued by.

By swapping proof-of-work (PoW) for proof-of-stake (PoS), a seriously difficult and time-consuming task like a digital version of switching the engine of a car, Ethereum has now achieved energy efficiency and can class itself as one of the few environmentally-friendly cryptocurrencies that now consumes around 99.9% less energy.

To put this into perspective, this transformation is equal to the country of Finland closing down its national power grid, according to Digiconomist.

And it’s not just energy efficiency that The Merge will bring. According to the team behind the Ethereum network, the transition from proof-of-work to proof-of-stake will lead to more security and scalability for the Ethereum platform, which is home to more than $60 billion worth of crypto exchanges, lending companies, and non-fungible token (NFT) marketplaces.

“If you’re investing in Ethereum or any kind of blockchain technology, you’re investing in something in its early days. You’re going to need a long-term time horizon to see how things evolve. I really don’t think there’s a lot that folks who own Ethereum should be doing at this point.” – Doug Boneparth, financial advisor.

But amongst the ever-sceptical crypto community, many people are eagerly eyeing up The Merge and are keen to see how it will perform in the next few months. Is this the key to a bright future for Ethereum, or is it all just hype? Most importantly, how will it impact the price of Ethereum in future?

To answer this demand for answers, let’s delve into five ways that the Ethereum merge can affect trading and the wider world of cryptocurrency.

Can The Merge Secure Ethereum Against Hackers?

There is a lot of money involved in crypto, and the blockchain is a prime target for online hackers. In 2022, losses stemming from crypto hacks have skyrocketed by 60% to a staggering combined value of $1.9 billion. Naturally, many people are keen to know if The Merge can make the Ethereum network more secure against hackers.

The blockchain will always have weak spots for hackers to take advantage of; The Merge has arguably made advances to secure the Ethereum network. For example, the cost to validate transactions on the Ethereum blockchain is 33 ETH, or around $55,000.

This initial investment is a significant barrier for hackers to gain access to the network, with no guarantee that their attack will be successful. However, what can be a step towards higher trustworthiness is to always look for purchasing Ethereum from reliable trading platforms such as Kucoin, Gemini, Immediate Edge or Coinbase just to limit the exposure to scams as much as possible.

Can More People Use The Ethereum Network Now?

One of the most popular aspects of the Ethereum network is that those who use it can earn rewards through their participation in the network, thereby securing it in the process. Following The Merge, the rewards opportunities are now open to more people as there is much more room for new users to use the network now.

Following the transition to proof of stake (PoS), miners no longer validate transactions on the Ethereum blockchain. Instead, validations are carried out through the staking process. This means that users who hold Ethereum tokens can now stake some of them to validate transactions and secure the Ethereum network. In return, users are rewarded with a fraction of the transaction fees.

Mining, an intense and expensive to run operation, required advanced computer equipment and knowledge to be done effectively. This presented a barrier for many people. Staking, however, is not only beginner-friendly, it’s cheaper to start with and much more straightforward to get involved and reap the benefits.

As well as the Ethereum blockchain itself, various widely used platforms like Coinbase, Lido Finance, and some platforms available through services like Immediate Edge offer the chance to stake Ethereum simply via an automated process. APY rates are currently between 3% and 3.8% on most major platforms.

If you wish to stake your Ethereum, fully understanding how the staking process works beforehand is important. Once you stake, you’ll be unable to trade your staked amount for a pre-agreed period of time. However, if you’re a long-term investor, this is no issue.

Compared to traditional dividend stocks, the interest rates awarded for staking Ethereum after The Merge are vastly superior. It provides the chance for Ethereum holders to earn a passive stream of income automatically. Thus, it presents another good reason to own Ethereum that will likely drive more people to invest in it.

How Will Energy-Efficiency Affect Ethereum?

The environmental drain of cryptocurrencies like Ethereum has long hindered their scalability. However, The Merge will now see Ethereum use around 99.9% less energy, a huge boost to its sustainability and the key to more widespread adoption.

Through its transition to proof of stake, Ethereum is sending a message to those seeking to regulate the crypto market that it can adapt to the future and place the preservation of the planet at the forefront of its foals.

Recently, the White House Office of Science and Technology Policy (OSTP) conducted an in-depth report on the Climate and Energy Implications of Crypto-Assets in the United States, showing that mainstream adoption of cryptocurrencies is becoming increasingly considered by the highest levels of government.

Many are hoping that the Ethereum Merge will only lead to more research and collaboration between the crypto industry and global governments, which will hopefully have a massively positive effect on the value of crypto overall.

Will Ethereum Gas Fees Lower After The Merge?

One of the biggest drawbacks of the Ethereum network is the Gas fees. This is the obligatory fee that comes with any form of transaction carried out on the Ethereum blockchain. They are paid using Ethereum’s native token of ETH and often rise dramatically if there is an increased demand for processing transactions.

At some of the highest traffic periods on the Ethereum blockchain, gas fees can surge to hundreds of dollars. As a result, it can be completely inefficient for many. So many people are questioning if The Merge will lower these Gas fees.

The answer? Yes, and no. Gas fees are predicted to lower in future, but not straight away. The transition to proof-of-stake won’t expand Ethereum’s network capacity, which is needed to lower gas fees.

However, the Ethereum network is implemented a Layer 2 technology called roll-ups; This effectively “rolls up” a wide range of transactions off of the Ethereum blockchain, processes them, and then subsequently records a smaller, compressed version on the main Ethereum blockchain. To realise the introduction of this technology, The Merger is vital.

How Will The Merge Affect The ETH Price For Investors?

Now, we reach the most important question: How will The Merge affect investors like you? Many of you may have been initially disappointed to see the price of ETH plummet after The Merge, as many people expected the complete opposite.

However, it’s important to remember that the effects of The Merge will not be immediately made apparent. The Ethereum network will not become high-speed with low transaction fees straight away; it will take place over the next few months and years.

All these positive upgrades to Ethereum can attract more investors, bringing the supply of ETH down and positively affecting the price of Ethereum’s native token.

In Conclusion: The Future Is Bright, The Future Is Merged!

And so, to sum up: The best way to explain The Merge is as a foundation for the future of Ethereum. From high speeds to lower fees and overall environmental efficiency, The Merge results have the potential for an Ethereum bull run sometime soon.

Ethereum may now be primed for new institutional investors who prioritise environmental, social, and governance (ESG) practices but have been dissuaded in the past due to Ethereum’s high energy consumption. Following The Merge, Ethereum is now an energy-efficient and more environmentally friendly asset to own.

It’s clear that some majorly positive changes are coming to the Ethereum network. But a lot will stay the same in the early days of The Merge. At least, for now. Over the last five years, Ethereum has provided a return on investment of 600%. Will that number be surpassed in the coming months? Only time will tell.

The future of Ethereum looks bright following the benefits that The Merge can bring. But as with any cryptocurrency, nothing is guaranteed. Always invest responsibly and seek out the advice of a licensed financial advisor if you’re investing in cryptocurrency for the first time. Trading digital currencies can be highly volatile and are not recommended for everybody.

 

Cryptocurrency network marketing is a process of referral marketing where an individual is rewarded for bringing new customers to a business. This type of marketing has been around for many years, but it has only recently been adapted to the cryptocurrency industry.

There are many benefits to cryptocurrency network marketing, including the ability to make money without having to invest any money upfront. Additionally, this type of marketing allows you to get involved with an industry that is growing very rapidly.

If you are looking for a way to make money that does not require a lot of risk or investment, then cryptocurrency network marketing may be the perfect opportunity for you.

How do cryptocurrency networks work?

Cryptocurrency networks are decentralized, which means they aren’t subject to government or financial institution control. Transactions are instead verified by a network of computers, called nodes, that all have a copy of the cryptocurrency’s transaction history.

When someone wants to make a transaction using tron, for instance, they broadcast it to the network. Nodes then verify the transaction – usually through a process called mining – and add it to the blockchain. The blockchain is a public ledger of all cryptocurrency transactions that have ever been made.

Once a transaction is added to the blockchain, it cannot be changed or removed. This makes cryptocurrencies incredibly secure, as there is no central point of control that could be hacked or corrupted. It also means that transactions cannot be reversed, which can be helpful in preventing fraud.

The benefits of cryptocurrency networks for businesses

Cryptocurrency networks provide a number of benefits for businesses, including the ability to send and receive payments quickly and securely, as well as the ability to track transactions. Cryptocurrency networks also offer businesses the ability to create their own tokens, which can be used to raise funds or reward customers for their loyalty.

What are the main advantages of cryptocurrency networks?

Cryptocurrency networks offer a number of advantages over traditional banking and payment systems, including improved security, lower costs, and faster transaction times.

Cryptocurrency networks are powered by blockchain technology, which is a shared public ledger that records all transactions. Blockchain technology is highly secure and provides a tamper-proof record of all transactions.

Cryptocurrencies offer a number of advantages over traditional fiat currencies, including improved security, lower costs, and faster transaction times. Cryptocurrencies are also more resistant to inflation than fiat currencies.

What are some common mistakes made in cryptocurrency network marketing?

One of the most common is not doing your research. It is important to understand the technology behind the coin or token that you are promoting. Without this understanding, it will be difficult to sell the benefits of the coin or token to others.

Another mistake that is often made is not having a solid plan. A lot of people get involved in cryptocurrency network marketing without having a clear idea of what they want to achieve. This can lead to frustration and eventually quitting altogether.

It is also important to build a strong team. A lot of people try to do everything on their own, but this is not sustainable in the long run.

Finally, one of the most common mistakes is not staying disciplined. Cryptocurrency network marketing can be very time-consuming and it is easy to get sidetracked.

What are some tips for success with cryptocurrency network marketing?

There are a few key things to keep in mind when you’re involved in cryptocurrency network marketing. First and foremost, it’s important to be transparent about your intentions. If you’re looking to make a quick buck, people will see right through you and you won’t be successful.

It’s also important to be patient. Cryptocurrency is still a relatively new industry and it can take time to build up a solid network of contacts. Don’t give up if you don’t see results immediately – keep plugging away and eventually, you’ll find the success you’re looking for.

Finally, always be professional. This industry is full of scams and unscrupulous people, so it’s important that you conduct yourself in a professional manner at all times. If you do that, you’ll be successful in cryptocurrency network marketing.

Cryptocurrency network marketing is an interesting way to make money, and it has some definite benefits.

 

Image: Pexels

As the cryptocurrency market grows, the demand for products offered by digital technologies rises too. Thanks to the emergence of blockchain and cryptocurrencies, the existing financial system is changing and there are many new opportunities that were not there before. This is the reason for such a rapid growth of digital assets.

Thanks to the decentralization of cryptocurrencies, DeFi projects appeared and Yield farming began to develop. The opportunity to receive passive income on Yield farming has attracted many users to cryptocurrencies. Yield farming and the possibility of getting passive income are becoming popular and attracting many users, increasing the liquidity of DeFi projects.

BUSDVerse.com , using all the advantages of DeFi and Yield farming, eliminates the existing disadvantages, making investing stable and profitable.

Binance Smart Chain is a fast, secure, cheap blockchain, which expands its widespread use cases. That is why BUSDVerse.com offers its users the most profitable earning opportunities and the best conditions for getting passive income.

Working in the most progressive, rapidly developing industry, we give others the opportunity to earn. The higher the working capital is, the higher is our income and the income of our investors. Marketing presents plans lasting from 14 to 28 days.

There are 6 types of investment: regular investment, random investment and locked investment.

1. Plan 1 – 8% daily for 14 days. Total profit 112%
2. Plan 2 – 7% daily for 28 days. Auto compounding. Total profit 564%
3. Plan 3 – 12% daily for 14 days. Withdraw at the end. Total profit 168%
4. Plan 4 – 4-12% daily for 14 days. Random plan. Total profit 56-168%
5. Plan 5 – 4-9% daily for 28 days. Auto compounding. Total profit 200-1016%
6. Plan 6 – 8-16% daily for 10-18 days. Withdraw at the end. Total profit 80-288%

• Profit growths +0.5% daily, only for new deposits
• Minimal deposit: 5 BUSD
• RESTAKE FUNCTION: User can choose a plan to restake withdrawable balance and get +0.2% daily profit bonusBonuses if user does it:
• RANDOM RESTAKE FUNCTION:User can click special button, contract randomly chooses plan and restakes withdrawable balance.

For those who wish to promote the benefits of BUSDVerse.com worldwide, a referral program is provided. The referral program consists of 3 levels – 5%-3%-1

BUSDVerse Features

Simple User Interface

There are a lot of platforms using Yield farming. However, in most cases, they are very difficult to use. Because of this, they are not available to most users. BUSDVerse.com offers a simple and easy-to-use user interface, which makes the platform very user-friendly and intuitive.

High Profit

The high return of 525% in a random investment plan attracts many investors to BUSDVerse . Dapp offers from 4% to 16% per day depending on the investment period.

Easy Deposit

BUSDVerse.com  provides a simple deposit function.  You don’t need to be a DApp expert. The presence of a crypto wallet is the main requirement.

Safe Investment

As mentioned earlier, DeFi protocols carry increased risks. However, the BUSDVerse protocol and smart contract are protected from any vulnerabilities, fraud, and errors. BUSDVerse.com is fully transparent and secure. BUSDVerse successfully passed an audit from SOLIDproof.io . No vulnerabilities, backdoors, or any scam scripts were found in this project.

Around-the-Clock Support

BUSDVerse.com has a 24-hour customer support service, ready to answer any questions and solve all problems. Users can contact the support service of BUSDVerse in Telegram group and other social media accounts.

Why it is necessary to invest in BUSDVerse

Yield farming offers many opportunities and has excellent prospects. We created BUSDVerse to contribute to the development of blockchain technology and take advantage of all the opportunities that this technology offers.

There are many good reasons why you should choose Yield farming from BUSDVerse.com . But the biggest reason is that it safely provides the highest returns in the  Binance Smart Chain. It is a safe and reliable application with a guaranteed high return on investment.

KuCoin’s 5th Anniversary, KuCoin Community Chain (KCC) together with KuCoin Wallet and Windvane jointly hold KCC Beowulf campaign.

KCC Beowulf is a 7-week interacting campaign. More than 20 projects and protocols that have been deployed on KCC participated in the event, including decentralized exchanges (DEX), lending protocols, wallets, cross-chain bridges, etc. Users will be considered as challengers and mint one initial character NFT. Then, they will go through a 4-round of web3 project interaction tasks. In the final part, challengers need to craft one final profile picture (PFP) NFTs and choose a side of two parties. Besides, during KuCoin’s 5th Anniversary, KuCoin users who participate in the KCC Beowulf campaign will obtain limited NFT airdrops, and also the new users who have not interacted on KCC will enjoy newbies benefits.

Johnny Lyu, CEO of KuCoin, said in the 5th anniversary open letter, “KuCoin is actively going decentralization.”  As the Web3 major campaign of KuCoin’s 5th Anniversary, the KCC Beowulf event is not only a manifestation of the “The Change is Happening” theme but also a demonstration of KuCoin’s commitment to the continued development of the web3 ecosystem led by KCC.

The launch of Wonderland, KuCoin Wallet, Windvane, and other products enrich the Web3 ecosystem of KuCoin. KCC, as an indispensable infrastructure for KuCoin to explore web3, has also accumulated a lot of resources with steady and organic growth. For example, the total value locked (TVL) of KCC has exceeded $50 million and the accumulated number of transactions is more than​ 16 million; So far more than 80 projects have been successfully deployed on KCC.

Leandre, the core member of KCC GoDAO Foundation, said, “Taking KuCoin’s 5th anniversary as an opportunity, KCC Beowulf campaign as the bridge between the CEX (centralized exchange) and the DEX (decentralized exchange), which can help Dapps on KCC to precisely capture potential users. Also, CEX users can experience web3 projects at one stop. With the CEX and the DEX  developing together, we hope to provide users with more crypto investment options.”

Now, the KCC Beowulf campaign has begun, and users can visit the KuCoin 5th Anniversary official website to participate. By participating in KCC Beowulf, the user will not only have a chance to mint an exclusive PFP (Profile Picture) NFT and win $100,000 token rewards from the web3 campaign but also share the KuCoin 5th Anniversary million-dollar prize pools.

About KCC

KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fees of the Ethereum network. KCC is Ethereum-based and compatible with Ethereum Virtual Machine and smart contracts to provide community users and developers with a higher-speed, more convenient, and lower-cost blockchain experience.

Visit KCC.io to learn more.

 

 

Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more robust.

A Big Step For Space and Time

The new $20 million in strategic funding is a big deal for the Space and Time team. It signifies the importance of taking a decentralized approach to business logic. More importantly, the investors, including M12, SevenX Ventures, Polygon, Fellows Fund, Mysten Labs, MarketAcross and Stratos, see merit in the Proof of SQL cryptographic approach. Bridging the gap between enterprise database data and smart contracts can lead to many new potential use cases.

Under the hood, Space and Time combines on-chain and off-chain information in a trustless environment to enable enterprise-scale analytics at minimal cost and low latency. Additionally, mutable and immutable tables can be created, joined, and queried with cryptographic guarantees through the next-generation data platform.

Chainlink Co-Founder Sergey Nazarov adds:

“We’re proud to support Space and Time through the Startup with Chainlink program in their mission to build a decentralized data warehouse and bridge the on-chain and off-chain worlds with Chainlink oracles. With the total addressable market for trust-minimized applications in the trillions of dollars, providing core infrastructure to Web3 developers is crucial for scaling and meeting this global demand.”

Chainlink has been a crucial partner for Space and Time. Through future collaboration, Space and Time will extend the functionality of its hybrid smart contracts to drive the future trustless web or Web3. Moreover, developers can build multi-chain applications and access analytical insights in a decentralized and secure manner. Chainlink’s oracles are a crucial cog in that machine.

Coming To Azure Soon

The fundraising enables Space and Time to accelerate its engineering and product development. More importantly, the team wants to build familiar enterprise-grade solutions processing tremendous data volumes. That is an essential aspect in connecting smart contracts with enterprise database capabilities. Moreover, it will automate business logic in centralized systems.

Space and Time is coming to Microsoft’s Azure cloud platform shortly. That integration serves as an on-ramp for customers looking to access and analyze blockchain-native datasets.

Moreover, Azure provides the necessary tools and services to build and deploy Web3 applications, unlocking the decentralized web of the future. Partnering with Microsoft ensures future support and paves the way for broader Web3 use cases and mainstream adoption.

 

 

 

Despite the bear dominance, global cryptocurrency adoption remains on the rise. This growth fuels the influx of new entrepreneurs coming to the crypto industry and looking for opportunities to launch their own innovative product. We asked those who already succeeded in the cryptocurrency-related businesses what newbies in the crypto market should keep in mind when starting their entrepreneurial path in this fast-evolving world.

Love on your product and focus your efforts

In technology, IT, and crypto, as in any other business, it’s essential to love what you do because it’s the only possibility to go all the way. Remember that the concept of digital money was created dozens of years before Bitcoin’s birth. However, only Bitcoin achieved public attention and adoption.

“What matters is to create a product you would use yourself and be proud to recommend it to your friends without hesitation. You have to believe in yourself — don’t be afraid or to pay attention to haters, the environment, the weather, or any other turmoil,” Co-founder of TTM Group Vladislav Utushkin believes. He recalls the history of Ethereum creation when everyone in the crypto entourage said it was complicated, even impossible to implement, and that the project would not take off. Today, Ether is the world’s second most important and capitalized cryptocurrency.

“Use a step-by-step strategy on your personal path, go forward in small steps, and in the end, you will surely reach your goal. It’s imperative to set a goal, most people usually have a problem with that — and just jump into the abyss. Remember Forest Gump? “Never, ever take your eye off the ball”! That’s, basically, all you need to know about ping-pong — excellent advice, in my opinion.”

Be open-minded

Even if an entrepreneur has experience in business, the crypto market is able to nullify everything that he knew before. Therefore, it is vital not to harden in your convictions, to be flexible, adaptive and ready to learn from someone else’s experience.

“Crypto is a very new market, where many business models are not seen in the traditional field. To a large extent, the successful experience of other industries is invalid for the crypto industry, so it is especially important to acquire knowledge and a large amount of information about the industry,” Founder and CEO of Star Consulting Jenny Yang underlines.

Jenny Yang, Founder and CEO of Star Consulting

Her advice is to do a lot of market research and communicate more with pioneers with rich industry experience and players who had a lot of successful projects, so they can get first-hand information about the industry.

“Thus, they would know where the market pain points are, what problems need to be solved, how to efficiently obtain financing, how to formulate a GMT strategy that is in line with the field, and so on. This can help you avoid many traps, save a lot of time and improve your chances of success.”

Build a strong team

The first and one of the biggest challenges an entrepreneur faces is recruiting a team. The goal of every leader is to create a friendly, professional and involved team that will work as a single organism.

If the founder and his deputies have different management approaches, they face problems when making decisions. In this case, all the team and the business processes suffer from an atmosphere of disagreement.

The first thing to start with is to hire professional department leaders with experience in certain areas. The second step is to find other employees with the help of the expertise of those department leaders.

“Challenge number one is to find an appropriate candidate. There are a lot of candidates on the market who think that they deserve huge salaries and enormous bonuses but they actually cannot deliver properly, so there are overexpectations on their own skills,” Max Kei, CEO Debifi, believes.

Pay more attention to regulatory landscape

It’s no secret that the crypto market is not yet as regulated as the financial or banking sector. But it is also no secret that global regulators are paying more and more attention to cryptocurrencies and their regulation. In the crypto industry, legislative initiatives appear almost every month. And companies associated with cryptocurrencies have to constantly keep their finger on the pulse and monitor the regulatory landscape. Otherwise, they run the risk of being overboard in a legal sense.

Michael Christine, Chief Executive Officer at MNNT 

“The biggest piece of advice that I give every single company right now trying to break into the crypto space is to hire a lawyer early. I have seen so many companies in just the past two years launch projects that will likely find them in legal hot water in the future. Specifically, with the ever-changing financial regulatory laws being applied to the space. So, my advice to anyone trying to break into the crypto space is to do it right the first time so you’re not burning resources in the future to fix past mistakes,” Michael Christine, Chief Executive Officer at MNNT, recommends.

Money is not the goal

The ultimate goal of any corporation is to make money. But money should be considered as the main goal when launching the business.

Making money is a side bonus on a long way to success. It should not be the main goal.

“My main advice is “Do not fall for easy money” without proper understanding of what you should do. Always be humble, you need to always remember your main goal. If your goal is just to make easy money, then it means that you actually don’t care about your product, users. You just care about yourself,” Max Kei, CEO Debifi, believes.

 

Image: Vladislav Utushkin, Co-founder of TTM Group

Geeq, a Canada-based blockchain company, has been granted a patent in the United States for features of its multi-blockchain, layer-zero protocol’s security and scalability systems, according to a press release.

Details found in the patent’s application describe a technology termed “Proof of Honesty,” which is Geeq’s alternative to predominant proof-of-work and proof-of-stake consensus mechanisms. Additionally, Geeq alleges that its system of federated blockchains is able to ensure security and achieve “infinite scalability.” According to the patent application:

“If there is at least one honest node, it will write an honest block to a valid chain. Users are able to discover honest chains and will always choose it for their transactions. Dishonest chains become orphaned.”

Geeq also claims that having flexibility built into the protocol, which can create additional chains during periods of increased network activity and then merge chains when transaction volume decreases, keeps the cost of transactions more affordable as well as 99% Byzantine fault-tolerant.

In the press release, Geeq CEO Ric Asselstine noted that gaining the approval of the patent “marks a critical point in time for Geeq as we push forward aggressively with the development of transformative solutions for previously intractable problems.”

One of these “previously intractable problems” is the poor user experience when using blockchain technology due to the complexities of interacting with smart contracts. Geeq noted in the press release that instead of having users interact directly with smart contracts, a suite of applications that facilitate the most common types of transactions makes it so that “the end user is able to focus on what they gain rather than worry about potential exploits, complex coding dependencies, or the downstream effects of governance decisions.”

In a company blog post, Geeq stated that its launch strategy would not include a private nor public beta but would instead consist of soft-launching features as they are developed and fixing bugs as they are found  — reminiscent of Telsa’s software updates that rollout new features over time or security fixes included in every iOS update.

Geeq has also received funding from major players in the space such as GEM Capital, which committed $25 million in August 2022. Geeq CEO Asselstine said with this funding, the company/protocol is now “ready to bring enterprise and individuals into the metaverse and Web3.”

 

 

Players have always been the lifeblood of games, whether we’re talking about the retro arcade titles of the 1980s or immersive modern metaverses like Alien Worlds and Decentraland. And yet, until recently, players lacked organizational strength and clout: gamers were seen as the grunts on the ground who kept the enterprise moving, yet had little influence when it came to decision-making. With the advance of Decentralized Autonomous Organizations – DAOs – that is finally starting to change.

Systems governed by smart contracts and code, but designed to reflect the will of the people, DAOs are empowering an entire generation of gamers, content creators and entrepreneurs, all of whom can make their presence felt in their chosen web3 ecosystem. Gaming DAOs tap into the wisdom of the crowd to help players better monetize their endeavors in virtual reality, as well as manage and leverage a war chest of NFT assets. Some DAOs are even going a step further, financing promising gaming ventures on their own to rival the established tech giants of old.

Below are 10 of the most talked-about gaming DAOs operating in the web3 space today.

1. GameDAO

The memorably named GameDAO aims to enrich the gaming space by uniting players, content creators, GameFi investors and eSports organizations under one roof. In its constantly evolving ecosystem, participants can come together to form collaborative clans that pursue common objectives, whether that involves crowdfunding a new game, forming battle-hardened player guilds, or entering lucrative tournaments. Built on ZERO Network, a bespoke multi-chain network designed to level up the games industry, GameDAO has already sponsored an eSports team (SPARX Secret) with another partnership in the pipeline. Founded by veteran game designer and tech entrepreneur Marco Bahn, this venture is definitely one to watch.

2. Ancient8

Ancient8 has a lofty goal: to “educate and empower the next 100 million metaverse citizens with blockchain and GameFi.” To that end, the company is building a DAO and infrastructure layer for gamified finance, building on experience gained from running Vietnam’s biggest blockchain gaming guild. Having already raised $10 million during two private funding rounds earlier this year, Ancient8 is focusing on broadening its scholar base, partnering with more GameFi projects and strengthening its Solana-focused launchpad, Ancient8 Dojo.

3. Ready Player DAO

Formed during the GameFi boom of summer 2021, Ready Player DAO (RPD) launched after raising over 1,000 ETH; capital it soon deployed in a range of play-to-earn ecosystems such as Axie Infinity. Since making its debut, the fast-growing DAO has brought thousands of ‘scholars’ under its umbrella and expanded its portfolio of web3 projects, making equity investments in game studios, metaverses, and artist collectives. Like Ancient8, RPD has also raised an 8-figure sum after welcoming investment from the likes of 1kx, ConsenSys Mesh and Fourth Revolution Capital.

4. AvocadoDAO

Created by an ardent community of blockchain gamers, Avocado DAO has invested in dozens of web3 games and NFT/GameFi platforms since debuting in July, 2021. Its scholars, meanwhile, have opportunities to pool resources and play/earn across a swathe of gaming worlds including Pegaxy, The Wasted Lands, Cyball, Elpis Battle and Karmaverse. Earlier this year Avocado launched its very own token ($AVG), an asset that can be staked in any of the platform’s three pools to earn rewards. Later in 2022, the DAO plans to launch a series of Treasury Vaults specific to different games and platforms.

5. BAYZ

The BAYZ DAO has four pillars: guild management; consultancy and advisory services; content creation; and game distribution/publishing. Founded by eSports OGs Matt Rutledge and João Borges, BAYZ is community-owned and operated, with a relentless focus on creating resources players need to maximize their earning revenues in P2E. To date, most of BAYZ’ community fund has been deployed in Axie Infinity and The Sandbox, though a flurry of recent partnerships (MonkeyLeague, MetalCore, Elemental Raiders) has expanded its horizons.

6. Cerebral Gaming

Rather than being purely pitched at players, Cerebral Gaming is geared towards streamers – the sort followed by millions on Twitch, TikTok, YouTube etc. Ostensibly, the model works by ensuring a percentage of streamers’ ad revenue flows back to Cerebral, which then conducts buy-backs of its native attention token to further its ambitions. Streamers, meanwhile, get to earn crypto tips from their followers while the Harmony-based DAO pursues investments such as metaverse land purchases. Next year, CG plans to host several eSports tournaments and build an NFT platform that allows streamers to integrate better monetization models into their content.

7. Merit Circle

Formerly affiliated with Yield Guild Games (YGG), the Merit Circle DAO is one of the industry’s most popular, with a thriving community of over 3,750 hardcore gamers spread throughout Europe, Asia, Africa and South America. The platform specializes in educational content and one-to-one mentorship sessions to enhance the performance of its various members, who chase profit by leveraging in-game assets held in its treasury. Speaking of profit, Merit takes a flat 30% of scholars’ earnings, leaving them with a healthy 70%.

8. Alpha Gaming DAO

Like Cerebral Gaming, Alpha Gaming DAO is built on the Harmony ONE network, where its goal is to “expand the metaverse and generate revenue via scholarships, as well as leverage our community-owned assets for maximum utility while sharing profits with token holders and gamers.” If you’re a gifted gamer who wants to be rewarded for your time and effort, that sounds like a pretty sweet deal. Interestingly, each game in the portfolio has its own sub-DAO complete with multi-sig vault, with guild gamers currently busy harvesting resources and completing quests in ecosystems like Defi Kingdoms and Cosmic Universe.

9. TreasureDAO

Built on Arbitrum, TreasureDAO started life as an NFT platform before evolving into a comprehensive decentralized network of games and communities. Powered by its native $MAGIC token, Treasure’s ecosystem is made up of the original NFT marketplace, an AMM (MagicSwap), and Bridgeworld, a game of “strategic commerce, trade and domination” that sits at the centre of the “Treasure metaverse.” Boasting over 100,000 members, TreasureDAO seeks to build bridges between disparate gaming ecosystems, unified by a single belief: the player comes first.

10. Pro Gamer DAO

Pro Gamer DAO has been busy making waves of late, partnering with other gamer-focused DAOs (Avocado, States) to broaden its own expanding ecosystem of seasoned players. Based in South Korea but with global ambitions, PG DAO styles itself as the go-to portal for elite gamers, many of whom currently operate in the League of Kingdoms MMORTS game. Although still a small fish in a big pond, this DAO’s penchant for bringing value to players is sure to expand its footprint in the years to come.

 

Image by Pexels from Pixabay

Testnet Launch on Polygon Now Live

Decentralized exchanges (DEXs) have been able to clinch a large market share from centralized exchanges (CEXs), especially with the creation of more than 20,000 tokens, all with varying degrees of liquidity. However, one area where DEXs is still lacking is in the margin trading domain. Where centralized exchanges command more than $200 billion in margin trading volume daily, DEXs fall short with only a tiny fraction of this volume.

EasyFi, a universal Layer 2 multi-chain lending protocol, is taking steps to add value to the DeFi space via their protocol. It has announced a new product called “Electric”, that allows DeFi users to be able to carry out margin trades outside the confines of a centralized exchange using its lending protocol.

Extending the Lending Strategy

“Electric” is only the latest in EasyFi’s vision of getting DeFi users to #DoMoreWithDeFi. The launch of Electric brings to fore the next step in their lending strategy.

This will allow users to obtain short-term loans and use them to carry out margin trading activities. All of this happens on publicly sourced liquidity that is available on different automated market makers (AMMs). Electric users will be able to trade with the most liquid decentralized exchanges and AMMs through collaborations that are being explored by the EasyFi team.

Lenders of the liquidity pools can invest smartly by being provided a calculated risk-reward ratio. Since dedicated pools are created for each asset pair, lenders are able to understand the risk-reward associated with each investment right from the start.

Perhaps the most important of these is the user interface of Electric. Like any decentralized finance protocol, ease of use is important to give users a seamless experience. Electric is designed with the same simple, intuitive, and user-friendly interfaces that have come to be associated with EasyFi products.

The Electric Litepaper has also been published to showcase the idea, motivation & concept behind Electric, its workings, a step-by-step guide & some core concepts within EasyFi’s new product for MarginTrading on DEXs.

What To Expect

Electric carries a lot of promise for the decentralized finance space. To this end, the EasyFi team has outlined some things that users can expect from the product.

Diverse Trading Pairs

One avenue that centralized exchanges continue to dominate is the diverse range of trading pairs that traders are able to choose from. Electric is expected to have different trading pairs that will be based on isolated and independent lending pools available to the traders. To begin with, the number of tokens to test on will be small, but as time goes on, these will be expanded and will include both volatile and stable assets.

Margin Markets/Interest

Traders who wish to take part in the margin trading markets will have to deposit collateral to Electric at first. Additionally, lenders can earn high yields when they deposit assets directly into the lending pools. They earn from the interest paid by leveraged traders, as well as other rewards which will be available only to lenders through exclusive programs.

Lending Pools On Multiple Chains

Electric will be a multi-chain margin trading product. It will start on Polygon first and then expand to other chains including BSC and other networks.

Community-Centered

Eventually, once Electric goes mainnet and EasyFi launches its DAO, the community will take charge of the decision-making – such as adding new lending collaterals, setting default interest rates, adding new margin trading pairs, and establishing risk parameters and more.

Getting Ready For Take-off

Electric has now been launched on the Polygon Mumbai Testnet. It has made a connection to the QuickSwap Testnet to provide a DEX integration to complete the trading process. This way, the community can test out the protocol before it launches on the mainnet. EasyFi also plans to partner with other DEXs to integrate them into Electric.

For now, community members can test out leveraged trading on the Electric testnet version starting with a test asset, xUSDC. Many other tokens and blockchains are planned to be added during the course of the testing period.

 

BingX, the most popular social cryptocurrency exchange, has set a record by becoming the first cryptocurrency exchange to integrate copy trade subsidy vouchers. These are intended to reimburse consumers for any losses they may sustain. Less competent traders can use copy trading to automatically replicate positions created and maintained by more active investors.

According to their report, BingX will cover any losses in the copy transaction as long as the user enables the copy trading subsidy vouchers (within the denomination of the card and coupon). This voucher acts as a safety net, allowing users to join and exit positions with popular currencies like BTC, ETH, MATIC, LUNC, OP, STG, PSG, ADA, SHIB, DOGE, CHZ, and IDO without the worry of losing money.

Users can trade above their ability level, while more experienced traders have the potential to earn additional profit by assisting copy traders. BingX, the market’s most effective social trading exchange, offers an extensive environment for traders and copiers to congregate, communicate, and generate income.

BingX is a social cryptocurrency exchange that was founded in 2018. It presently serves over 3 million users in over 100 countries and offers spot, futures, and margin trading services. BingX offers its members a secure, user-friendly, and open line of contact with the platform’s professional crypto traders.

BingX is continually evolving, and it recently published a new version of its iOS and Android mobile trading program. The most recent version features a new Standard Futures functionality that allows you to see a trader’s current position.

How Does Copy Trading Work?

Copy trading depends on social networks and social trading platforms to function. When one trader creates a position, they may transmit this information to other traders on the network, whom can then select if they wish to open the same position – or their algorithmic trading systems can execute so without the trader’s participation.

The primary trader who broadcasts their positions often has knowledge of the underlying market, however, the copy traders may lack experience in this specific market or be completely new to the financial markets as a whole.

“Copy trading is our unique product offering, and we are continually working to improve novices’ trading experience,” stated Elvisco Carrington, PR and Communications Director at BingX. “With the introduction of copy trade subsidy vouchers, new users may readily experiment with trading techniques without risk. BingX can retain its reputation of innovation by developing new solutions that directly assist traders.”

Deep Into BingX

One of the primary reasons BingX is getting all the attention is the slew of extra-important features it offers. It essentially offers everlasting contract trading as well as a variety of isolated and cross-margin options. Derivative options on the platform include digital assets as well as other financial products such as FOREX, global indexes, and commodities. Speculative investors and traders can access all of these instruments.

However, with the surging availability of digital trading platforms, selecting the best cryptocurrency exchange might be a challenging feat. There are several exchangers accessible on the market. Beginners can become acquainted with the charting interface, platform features, trading pairings, security, customer support, and fees that influence exchange quality through a variety of aspects.

BingX is giving back to the community after obtaining regulatory licenses in Canada, the United States, Lithuania, and Australia, as well as receiving the highest grade for asset and trade security from CertiK. BingX additionally updates new coin values on top of current popular coins such as Bitcoin and Ethereum prices on a regular basis.

It is to be seen how the new copy trade subsidy coupon will work for newbies and intermediate investors in the cryptocurrency exchange.

 

 

 

EasyFi’s On-chain Permissionless Margin Trading Protocol aims to bring scale to the burgeoning DEX based trades

The permissionless and composability ethos of the DeFi space has allowed the creation, listing and trading of the almost 20000 tokens and coins with varying degrees of liquidity, volumes and growth. Leveraged trading, however, has had its share of centralization with over $200 billion worth of margin trades happening on a daily basis on the many centralized exchanges. On DEXs – not so much!

Permissionless markets for leveraged trading have been few and far between and that too with minimal market penetration and depth. What the DeFi market truly needs is enough scale to meet the decentralized margin trade demand that it displays.

Introducing Electric

Building on the #DoMoreWithDeFi vision at EasyFi, we bring you Electric – a decentralized, permissionless, scalable, secure, leverage trading platform, that enables traders to take out short-term loans to trade margin positions from publicly sourced liquidity on from different AMMs / decentralized exchanges.

This will happen on the EasyFi App where users can conduct margin trades on designated trading pairs in an efficient and secure manner.

Leverage hundreds of tokens on EasyFi’s multichain margin trading product and execute leveraged trades with integrated liquidity from top DEXs like Uniswap, Sushiswap, PancakeSwap, QuickSwap and more on multiple blockchain networks.

Key Features

–         Trades with Liquidity on DEXs – Will connect traders to trade with the most liquid decentralized markets / AMMs. We are exploring a collaboration with every AMM of repute.

–         Risk-reward – Separate pools of different asset pairs will be created. This will allow lenders to invest understanding different risk and interest parameters. Lenders can invest based on the calculated risk-reward ratio

–         Real-time AMM Price – Collateral ratio with real-time AMM price for any pair available from a DEX.

–         On-Demand Oracle – Electric uses price feed oracles from Chainlink integrated into the lending protocol and the ones provided by the DEX to detect the market price and any manipulation whatsoever. This detection forces a price update that makes it trading and liquidation valid.

–         UI/UX – EasyFi has been a pioneer in building simple, intuitive and user-friendly products. The interface and experience for Electric has been planned in a similar manner.

Product Vision

Trading Pairs – The trading pairs on Electric will be based on the isolated and independent lending pools that are available on Electric. We will start with a small set of tokens for the margin markets which will include both volatile and stable assets.

Lending Pools – As of now, EasyFi will create all lending pools for Electric. We expect these decisions to be taken over by the community when we launch the EasyFi DAO.

Margin Markets – The margin markets to begin will start with a few pairs as mentioned above. Users who wish to trade on the margin trading markets will essentially have to first deposit a collateral directly on the Electric module.

Margin Interest – Margin interest incurred by leveraged traders is paid out to lenders. Lenders can earn higher yields by depositing assets into the lending pools, earning interest from borrowed assets and also receive other rewards, via some exclusive programs.

DEX Chains – We will essentially be connecting to top AMM / DEXs on Polygon, Ethereum & BNB Chain to begin with and slowly expand to others

Community involvement – The community will eventually own the decision-making process on proposals sent to Electric when the governance process on EasyFi DAO kicks-in. Decisions on lending collaterals, margin trading pairs, default interest rates, risk parameters, will eventually be the community’s prerogative in the long term.

Testnet Launch – The Testnet has been launched – it will enable the users to try and test the module to the hilt and so we can iron out any issues. In the Testnet version, we are opening testing of leveraged trading on MATIC, USDT, DAI & USDC – we will keep adding new trading pairs in due course for testing as well.

Coming up Next

• The Electric contracts have been deployed to the Polygon Mumbai Testnet with a connection to QuickSwap Testnet as a DEX integration
• Ample time for the community to try and test this protocol before mainnet launch
• Partnering with DEXs to integrate with the Electric Protocol

About EasyFi

EasyFi Network is a universal layer-2 multi-chain money market protocol for digital assets with focus on liquidity sourcing & capital efficiency for structured lending in a non-custodial manner. The Protocol is currently live on Polygon, Binance Smart Chain and Ethereum.

 

Airdrops are one of the best marketing methods for cryptocurrency startups to promote their projects. There are different ways to do it, but it essentially involves sending free tokens to crypto users’ wallets in exchange for promotional work.

One of the most successful airdrops in crypto history was DFINITY, a Swiss nonprofit blockchain company that airdropped $35 million worth of DFN tokens, between $500 – $2500 worth of DFN to users who signed up to protocol’s mailing list before April 4th, 2018.

The best NFT and Crypto Giveaways in September

We have compiled September’s top airdrops across the crypto world, including giveaways from DeFi, gaming, and NFTs projects with long-term potential value.

1.    MAD Metaverse – Largest Play-to-Earn Airdrop to Date

MAD Metaverse is preparing the largest NFT airdrop for this September 2022, a giveaway of $10 million of the game’s native currency, $BIOMETA, and 10,200 MAD Metacells NFTs.

 

BIOMETA #AIRDROP GIVEAWAY

It’s time for the big event! We’re giving away over $10m worth of $BIOMETA and Evolving NFTsarguably the biggest airdrop of 2022!

There are a number of ways to get involved so check out this thread for more info#NFTGiveaway #Airdrops 1/4 pic.twitter.com/FSoolcSm8h

— MAD Metaverse (@MADmetaverse) September 9, 2022

 

MAD Metaverse is a gamified DeFi ecosystem where you can enhance the performance, rarity and value of your NFTs. Users will be able to create living digital organisms, evolve NFTs, fight against other players, and collect $BIOMETA, the most precious resource in the MAD Metaverse.

The game focuses on the concept of Evolving NFTs, presenting players with three playable NFTs: MAD Metascientists, MAD Metacells, and MAD Nanocells. These are self-aware organisms whose attributes and artwork can evolve over time in response to gameplay and therefore increase in value. It also features 3 Play&Earn Environments where you’ll be able to earn crypto and NFTs: The Lab, NanoWars & MAD Metaverse.

There will only be 10,200 MAD Metascientists accessible to users, and those who own 1 of them will have significant advantages over those who don´t. Additionally, those who mint a Metascientist will get 1 Metacell as a bonus as soon as The Lab is released. Users must register to the MAD Whitelist at premint.xyz/mad to participate. These will give them access to:

1. MAD Metascientists Mint (30th November)
2. MAD Metacell Free Mint (30th September)
3. $10 million worth of $BIOMETA giveaway
4. Access to exclusive channels in the MAD Discord
5. Information about future mints, airdrops, and whitelist spots from collabs.

2.    Tamadoge – $100k Airdrop

$TAMA is not the typical memecoin to pump and dump —it has a certain degree of utility in the Tamadoge ecosystem, which consists of a metaverse, an NFT marketplace, and a play-to-earn game. The project is calling the attention of the crypto community, particularly memecoin enthusiasts, naturally, and has managed to raise over $13 million so far.

The Tamadoge team is giving away $100,000 worth of $TAMA. The winner must hold at least the equivalent of $100 of $TAMA on the day of the draw.

Our $100K Giveaway Is Still Live!

Join Now https://t.co/1VQqrE1tvl#gleam #giveaway #cryptogiveaway #gleamgiveaway

— TAMADOGE (@Tamadogecoin) September 8, 2022

Users must complete the tasks in order to be eligible:

1. Go to Tamadoge’s airdrop page.
2. Enter your wallet address.
3. Follow Tamadoge on Twitter.
4. Tweet about the project and tag Elon Musk.
5. Join Tamadoge’s official Discord Channel.
6. Refer friends for extra entries.
7. Follow Tamadoge on Instagram.
8. Visit Tamadoge on Youtube.

3.    My NFT Wars

My NFT Wars is an upcoming, World-of-Warcraft-inspired Play-to-Earn RPG game developed by Play2Earn Ltd, a new joint venture with Blockchain Cuties Universe and iLogos Game Studios, which have an extensive record of award-winning projects in the P2E industry.

My NFT Wars and Blockchain Cuties Universe are giving away exclusive NFTs with whitelist spots to celebrate their partnership. The airdrop starts with 25 NFT cuties and 20 WL spots for My NFT Wars IDO (Initial Dex Offering).

To celebrate our partnership with @BlockchainCutie we are giving away NFT’s and White lists to our community!

Enter to win here: https://t.co/Q8TlIHnhM6#NFTgiveaway #Whitelist

— My NFT Wars (@MyNFTWars) August 24, 2022

The airdrop ends on September 14. To participate, users must go to the game’s airdrop page, follow both companies on their social media channels, refer friends to earn entries, and tweet about the airdrop. The top 5 participants will receive 5 Nouble NFT Cuties, while the top 20 will receive 20 standard NFT cuties.

4.    inSHAPE – Earn Crypto While Exercising

inSHAPE is launching an airdrop ahead of the app’s Beta release in October. The giveaway consists of $14,600 worth of NFTs and SHAPE tokens for users who complete social tasks.

 

inSHAPE is a blockchain-based app that rewards users with SHAPE tokens for working out. The difference that separates inSHAPE from other Move-to-Earn apps is that they reward users for performing different exercises and sports, not just running or walking. The app is free to use, and its utility token has use cases beyond the blockchain world.

To participate, users must sign up on the official airdrop page, connect their BEP20 wallet and complete the tasks to earn entries. They can also earn more entries if they refer to someone else. It goes as follows:

1. The app will pick 20 random participants who will be lucky enough to win 1,000 SHAPE ($2,000) tokens each.
2. The top 3 users with the most entries will receive 1 NFT inSHAPE Wild Card All Sports VIP Edition.
3. Each inSHAPE NFT has three levels of rarity: VIP Edition Common, VIP Edition Uncommon, and VIP Edition Rare. The rarer, the better the benefits for the owners.
4. The app will display winners on the giveaway page at the end of the airdrop. All awards will be distributed to users via BEP20 wallets.

5.    fan C Token – Watch to Earn

fan C Token (fanC) is a watch-to-earn platform designed for users of the short-term content platform CELEBe. It provides an NFT marketplace under the concept of creator economy, in which users can earn crypto by looking at videos, images, or listening to audio files and more from their favorite content creators. These files are NFTs that users can create, buy and sell to their viewers.

The platform announced on August 26 an airdrop of $76,000 worth of FANC tokens that will be distributed to 3,270 random winners. Users must visit the fanC airdrop page to participate and complete the tasks. Winners will be announced on September 30 on their official Twitter channel.

$76,000 Worth of #fanC tokens #giveaway

The fanC team is holding an Airdrop event with $76,000 worth of $FANC up for grabs to be delivered to 3,270 random winners&1,600 first-come, first-served winners!

Head to the fanC Airdrop form:https://t.co/vVBnIcb5ih#airdrop #event pic.twitter.com/w1xzbVVGDx

— fanC (@FANCNFT) August 26, 2022

6.    Cornerstone – One Coin to Rule Them All

Cornerstone (Corn DAO) is a blockchain platform that offers Metagovernance —a mechanism in which one token is used in the DAO governance of multiple DeFi protocols.

Cornerstone allows $CORN holders to participate in the governance protocol of multiple decentralized apps across gaming, web3, NFTs, DeFi, and more. NEAR Protocol, Ref.finance, and Aurora are some blockchain projects that use Cornerstone to manage their assets and maximize capital efficiency.

Cornerstone is giving away 10,000 CORN tokens to users who participate in the Cornerstone community activities. The airdrop will end on September 19, with the winners and rewards arrangements announced on the same date. To join, users must follow a few simple steps:

1. Head over to the platform’s official Discord server.
2. Add corn emojis to their Discord profile names.
3. Interact with the community and stay active on the server for 15 days during the airdrop campaign
4. Get to know the three types of community activities within the Cornerstone Discord Community Campaign.

7.    MAXX Finance

MAXX Finance is a high yield-generating protocol built on the Polygon Network. It allows users to stake $MAXX tokens to earn a long-term and sustainable yield.

The protocol is airdropping $5000 in $MATIC to 100 entrants each time they reach +10,000 subscribers, and 200 million MAXX tokens will be shared by 200 entrants who join before the Liquidity amplifier launch.

MAXX Finance #giveaway is in full effect! #Tournament #winners are #announced daily! The more #actions you take the more chances you have to win.

MAKE SURE YOU JOIN THE #INCUBATOR PERIOD TO WIN! #Defi #Crypto #Staking #Blockchain #Giveawayhttps://t.co/SWsJkU9AcO pic.twitter.com/H9S6lWGCAe

— MAXX Finance (@MaxxFinance) August 13, 2022

Participating is quite straightforward: go to the MAXX Finance Giveaway page, enter your email and full name, and complete all tasks. The airdrop ends on September 22.

8.    Archimedes Finance

Archimedes Finance is an open-source protocol for lending and borrowing crypto assets using its native stablecoin, IvUSD, as collateral. As part of the protocol’s upcoming launch, the giveaway consists of 10,000 OAT NFTs and 3 whitelist spots. And how to participate?

1. Go to the Archimedes Finance’s Airdrop page.
2. Register using your Google, Apple, or Facebook account
3. Follow Archimedes Finance on Twitter,
4. Tweet about the protocol and retweet their posts.
5. Complete all required tasks.

9.    Breathe NFTs – 3D Pixel Avatars

Breathe is an NFT gaming project in which users can create and customize 3D avatars and perform different activities, such as buying and selling in-game items, renting plots of land, interacting with other players in its upcoming Metaverse, and more.

The Breathe team is giving away 5555 Breathe NFTs in Ethereum, of which 50 are free to mint. Each NFT will mint for 0.2 ETH during the presale and 0.23 ETH in the public sale. The mint date starts on September 15 on their official website.

Breathe will mint for 0.2ETH per NFT during the PRESALE and 0.23 ETH the PUBLIC sale.This will provide us with enough to continue building the Breathe project, giving back to our current and future community and workers.

— Breathe NFTs (@NFTBreathe) September 5, 2022

 

The whitelist can be found at Solana-based NFT marketplace Magic Eden. To participate, users must have at least 0.05 ETH in their ETH wallet and be on the Breathe NFTs Discord servers.

Closing Thoughts

Here we reviewed some of the hottest airdrops for September 2022.

Airdrops are extremely popular now in the crypto industry, becoming the best method for crypto startups to involve investors in their projects. They are not exclusive to crypto, though, since most airdrops started as a way for companies to hand out free products to gauge consumer engagement and raise product awareness.

It’s the same with crypto, except that companies are replaced by DeFi protocols and free products with free tokens.

 

Image by David Mark from Pixabay

Metamask gambling has been growing in popularity over the last couple of years. With the rise of the Web3 space and online crypto gambling, Metamask managed to fill in a gap that brings both sectors closer to one another.

Crypto casinos are taking more to integrate the Metamask wallets on their websites for gambling activities. Using a decentralized Web3 wallet like this ensures that users of these gambling platforms are able to enjoy features that are not available on more conventional online casinos.

Why Metamask Gambling Is Better

One drawback of conventional casinos is the arduous sign-up processes that are usually associated with them. However, casinos had started to move towards accepting crypto deposits and withdrawals, which, over time, had required less stringent sign-up processes. But even this was not a seamless process. This is where Metamask gambling enters the picture.

Metamask is a Web3 wallet that allows users to interact directly with cryptocurrency networks. It had started out on the Ethereum blockchain but had since expanded to include other blockchains such as BSC, Avalanche, etc. It comes in the form of a browser extension and mobile application from which users can directly connect to Web3 websites. It is also an easy-to-use hot wallet where users can receive coins by simply copying their addresses to forward to the sender.

Given this, Metamask has found a natural home in the online gambling industry. Gambling websites are able to integrate the Metamask wallets directly on their platforms, making it possible for users to register or log into the website using the wallet, as well as processing faster deposits and withdrawals.

Best Metamask Casinos

Metamask gambling casinos have been known to provide some or all of the integrations mentioned above. In some cases, some casinos will offer the option to deposit with Metamask only or the option to use the hot wallet as a means of authorization. So, here are the top 3 Metamask gambling casinos that you should look at.

Bitcasino

Bitcasino is arguably one of the best Metamask gambling casinos in existence. It offers full functionality with Metamask, making it a one-stop shop for all things Metamask gambling. Users can register and log into the platform using their Metamask wallets. Bitcasino also takes this one step further by offering deposits and withdrawals using Metamask. Users can also use other tokens on the wallet, such as USDT, on the Bitcasino website.

Players should, however, note that there are some things not offered by Bitcasino in this regard, such as a welcome bonus for ETH players. Users may also be required to complete a KYC verification when the casino requires it.

Nevertheless, Bitcasino offers beloved slot games, as well as a wide variety of live casino games. The betting platform is also one of the few crypto casinos that offer betting on eSports. However, users cannot place crypto bets on games such as Crash or Dice.

BC.GAME

BC.Game has been pretty much the only Metamask gambling platform that supports the BSC network. This casino allows the direct integration of Metamask but for deposits. Users can also use the wallet to carry out authorizations on the platform. And unlike Bitcasino, BC.Game supports a much wider array of tokens, including ETH and MATIC.

While it does have a welcome bonus, there is no stable welcome bonus on the platform. Also, similar to Bitcasino, BC.Game can also require users to go through KYC verifications. However, users get one free spin daily with a prize of up to 1 BTC.

Sportsbet.io

The third on the list is Sportsbet.io. It is a Metamask gambling platform that allows a minimum deposit of 10 USDT and offers a stable welcome bonus, unlike the others. Users can get up to 2000 wager-free spins that are worth 200 USDT.

Furthermore, users can use their Metamask wallets to authorize their accounts, as well as make deposits and withdrawals. It also accepts other tokens available on the hot wallet, such as ETH and SOC.

Like the others, Sportsbet.io comes with its own disadvantages, such as KYC verification and the fact that there are no provably fair crypto games. However, the betting platform is extremely popular and is currently the principal sponsor of the English Premier League football club Watford FC.

Conclusion

Metaverse gambling platforms are still very new, but they have already proven their value to the online crypto gaming space. As more platforms innovate toward integrating Metamask gambling, these advantages are bound to become more apparent to the gambling community. But for now, the platforms offering Metamask gambling are a small pool and only support a handful of tokens at this time.

 
Image by Alexa from Pixabay