Crypto Great | Bitcoin | DeFi

2022-05-17 13:44:37 The Sandbox (SAND)

The Sandbox is on a mission to bridge the gap between fashion and Web3. To achieve this goal, it partnered with The Council of Fashion Designers of America (CFDA).

CFDA is a not-for-profit trade association founded in 1962, whose membership consists of 477 of America’s foremost womenswear, menswear, jewelry and accessory designers.

This will be CFDA’s first metaverse and NFT partnership, and will focus on offering development and educational resources. They will provide insights that will empower communities and businesses to establish new revenue streams within the Sandbox ecosystem. As Steven Kolb, CEO of the CFDA, puts it: “Our mission is to position our members as leaders in the global innovation of fashion and retail via digitally led strategies to support growth and expansion. With the support of The Sandbox and Polygon Studios, the CFDA is poised to educate and empower business leaders for generations to come.”

The Sandbox is a new frontier of art, identity, and expression. This partnership creates a passageway to utility and interoperability that has yet to be explored by the multi-trillion dollar fashion industry. Open / Comment

2022-05-12 11:57:00 Cryptocom Coin/Cronos (CRO)

Cryptocom is one of the world’s fastest growing crypto platforms. The company provides the tools and services required for the mass adoption of digital assets.

With Cryptocom becoming a household name, the company is now focusing on launching new products and services in the U.S.

Last month, Crypto com began the initial phase of its exchange platform launch in the U.S. The Crypto com exchange is now available for U.S. institutional investors, and will be rolling out internationally to everyone else in the coming months. We’ll continue to update you on its progress.

Users in the U.S. will have access to Cryptocom’s industry-leading matching engine, which supports 2.7 million transactions per second.

Additionally, seamless USD transfers are available via integrations with Silvergate and Circle. This is expected to bring an enormous amount of liquidity and user activity to the Cryptocom ecosystem.

Cryptocom’s exchange is a top five global exchange by spot volume, and we expect to see it surge into the top three once the U.S. exchange is available to its more than 10 million users. The exchange will drive demand for CRO, as it’s the main utility that powers the Cryptocom ecosystem. Open / Comment

2022-05-09 12:59:59 Polygon (MATIC)

Polygon is an Ethereum scaling solution designed to increase transaction speeds while minimizing transaction costs.

On March 7, the Polygon team announced that DraftKings, a popular American sports betting and media company, will be the first corporate node operator and validator in the Polygon Network.

This marks the first time a publicly-traded company has taken an active role in blockchain governance, which is an important adoption milestone for the blockchain industry. With this collaboration, DraftKings is optimizing its liquidity through staking rewards as it operates a validator node that contributes to Polygon’s governance and network security. This means DraftKings is generating a revenue stream that can influence the future of Web3 development on Polygon. The more development there is, the more usage can occur on the Polygon platform, thus increasing the price of MATIC tokens in due time.

Additionally, according to Paul Liberman, co-founder at DraftKings, gaining exposure to staking technology supports DraftKings’ broader strategy of building a sustainable, decentralized infrastructure to help futureproof aspects of its business in Web3.

DraftKings will take its place among existing validators as an equal community member, solidifying Polygon’s desire to achieve a decentralized, community-run consensus network. In other news MATIC has now been listed on Robinhood, a popular stock trading app with 22.5 million users. This brings more eyes and awareness onto Polygon which may lead to more demand for MATIC tokens. Most importantly, this may lead to a bigger trend of traditional stock brokerage firms, such as Charles Schawb, adopting crypto. These moves have the potential to bring a huge influx of new users into crypto.

As we mentioned last month, Polygon is experiencing a surge in mainstream adoption. And now with the addition of one of the biggest sports betting tech companies in America, Polygon continues to show us healthy signs of long-term success, which gives us conviction to keep holding MATIC tokens for higher prices. Open / Comment

2022-05-05 12:45:00 ​​Celsius (CEL)

Earlier this month, Celsius notified U.S. users of upcoming changes due to regulatory hurdles. In addition to holding CEL in our model portfolio, we previously recommended it as a way to earn income on your tokens and as a lending solution to borrow against your bitcoin.

Celsius Earn accounts allow users to earn yields up to 18% on their crypto assets… And borrow against crypto assets for as little as 1%.

U.S. securities regulators say that by offering interest accounts that resemble bank accounts – but without the FDIC insurance required by banks – crypto accounts are actually securities. So Celsius is implementing some changes to remain compliant. If you use Celsius as a platform or are interested in beginning to use it, here’s what you need to know:

Going forward, only accredited U.S. investors can add new assets and earn rewards on Celsius’ Earn platform.
All existing U.S. users (accredited or non-accredited) who hold assets on Celsius prior to April 15, 2022, will continue to earn rewards.
New transfers made by non-accredited U.S. users will be held in their new Custody accounts and will not earn rewards. From the new Custody account, non-accredited investors can continue to swap, borrow, and transfer tokens.
Non-accredited U.S. users who took out a loan using their crypto assets prior to April 15, 2022, will see their crypto assets returned to their Earn accounts when the loan is repaid.
These coins will continue to earn rewards as long as they remain in the Earn account.
Users outside the U.S. will not be affected by these changes. Open / Comment

2022-05-02 12:37:21 ThorChain (RUNE)

ThorChain recently integrated the Terra network to its cross-chain exchange. In less than three weeks, over $90 million in UST (Terra’s native stable coin) made its way into ThorChain liquidity pools.

This helped the total value held on ThorChain reach an all-time high of $1 billion. We expect more assets to continue flowing into ThorChain as holders look to earn income without using centralized services. With ThorChain, users always maintain control over their assets. Open / Comment

2022-04-28 12:24:00 Avalanche (AVAX)

Avalanche is a smart contract platform similar to Ethereum. It allows builders to create their own networks that attach to the main Avalanche network. These are called subnets.

Last month, Avalanche announced a $290 million subnet incentive program to reward early users and builders of subnets. The first to receive funds from this program is the popular play-to-earn blockchain game, DeFi Kingdoms. Since its launch earlier this month, it’s generated over 4.2 million transactions.

This is just one of many subnets that will come online this year, which will lead to increasing demand for AVAX tokens. Open / Comment

2022-04-25 13:09:58 Polygon (MATIC)

As you can also see from the recommendation today, we’re bullish on Layer-2 Ethereum scaling solutions. And that’s exactly what Polygon will profit from.

In total, Polygon has four Layer-2 scaling solutions. And as on-ramps to these networks come online, their usage will increase, similar to the examples we showed above (Fantom and Avalanche). Open / Comment

2022-04-22 12:58:27 5000 Winners - 150.000 PSR in Rewards – First-Come, First-Served

To thank our loyal community for being a part of our project and supporting us during these early days, we're distributing 150.000 PSR tokens amongst YOU!

Join our PandoDrop NOW on https://pandora.digital/airdrop to become the early owners of the robust multifunctional governance token PSR.

We've prepared a short guide on how to claim the PandoDrop. The process is easy and you'll find out all the steps needed for participating right in the video below.

Read up on PandoDrop’s terms and conditions here. Open / Comment

2022-04-22 12:09:21 Ethereum (ETH)

As mentioned above, Ethereum scaling solutions are starting to take off. These Layer-2 networks are critical for Ethereum onboarding hundreds of millions of users. And as Layer-2 activity increases, so does the demand for ether (ETH), since it’s required to secure these Layer-2 networks.

In addition to Ethereum solving its scaling troubles, we look forward to the network’s switch to Proof-of-Stake consensus later this year.

This transition will see the ETH token become deflationary. And as you can imagine, that will put upward pressure on ETH prices. Open / Comment

2022-04-14 11:41:00 ​​Numeraire (NMR)

Numeraire is the native currency of Numarai, a blockchainpowered and AI-enabled quant hedge fund focused on aggregating stock market prediction models. Numerai rewards contributors who make correct and profitable models with its native NMR token.

A quantitative (quant) hedge fund is any hedge fund that relies upon algorithmic or systematic strategies for implementing trading decisions.

On October 6, the Numerai team announced that its prediction models have been beating the most prestigious hedge funds in the industry. Numerai is excited to share the performance of its hedge fund with its decentralized community who helped build it.

Numerai began building the current version of its hedge fund in September 2019. It faced a huge hurdle when, just a few months into development, the Covid-19 pandemic shook global markets, causing massive volatility in prices that led to the worst period on record for many quant hedge funds.

Not even bitcoin was spared, briefly dropping below $5,000 in March of 2020.

Although the global hedge funds faced turmoil throughout 2020, data scientists were excited to see how Numerai’s quant hedge fund performed unusually well.

Numerai’s performance allows the protocol to differentiate itself and highlight how risk-exposed some blue chip quant hedge funds really are.

Numerai has also been outperforming the traditional competition this year. In September, it reported that its net returns were up over 20% in the past year. These results show Numerai is beating Aurum’s Quant Equity Market Neutral Index by 32.33% and AQR’s Market Neutral Fund by 33.93%.

More investors and hedge funds are seeing the advantages of working together to create market signals through a decentralized network as opposed to simply competing with each other for worse results. Numerai is at the forefront of a new way of creating market predictions and is solidifying its place as the top quant hedge fund in the blockchain space. Open / Comment