DeFi Telegraph (eng) ( ICO reviews)

2022-01-03 16:24:00 Samsung TVs will get support for NFT tokens

Electronics manufacturer Samsung will add support for non-swappable tokens (NFT) to its lineup of TVs via Smart TV. The Korean corporation announced this on its official website.

The platform, which will be available on Samsung's MicroLed, Neo QLED and The Frame models, will allow users to view and purchase NFTs directly through the TV. Users will be able to view information about the creator of the token as well as relevant blockchain metadata.

NFT owners will be able to use the platform to showcase their collection. Samsung notes that the smart calibration technology can automatically adjust the TV's settings to the specifications of the token creator so that the image is reproduced on the TV with "maximum fidelity." Open / Comment

2022-01-03 15:43:01 WazirX was accused of not paying $5.5 million in taxes

Indian cryptocurrency exchange WazirX (bought by Binance in 2021) avoided paying a total of nearly $5.5 million in taxes, the Indian Revenue Service said in a tweet. As a result of the revealed violations the exchange was fined for $6.6 million.

Claims of the regulator are related to the exchange's native token - WRX. It is reported that the exchange failed to pay a tax of 18% on goods and services, which also applies to the tokens.

Cryptocurrency on WazirX can be purchased in two ways: via the Indian rupee or with WRX. In cases where a trader chooses to buy via traditional money, the transaction is subject to a 0.2% commission. The exchange paid tax on this commission. However, when the trader chose to buy through WRX, the exchange charged 0.1% and paid no tax. Open / Comment

2022-01-01 17:11:00 Avalanche, Solana, and Terra will take market share away from Ethereum in 2022

Tasha Che, Ph.D. in mahttps://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSgAlQoiXgNMbHFIKN3sHQIfGLyDWk2DmDlZw&usqp=CAUcroeconomics and founder of Tascha Labs, said that competing with Ethereum, Level 1 (L1) blockchains such as Avalanche (AVAX), Solana (SOL) and Terra (LUNA) are "growing faster because of more advanced technologies that improve their scaling."

ETH's dominance in terms of total blockchain tokens (TVL) has dropped 37% this year to $158 billion, according to DefiLlama. Ethereum's share of total TVL was nearly 100% in early 2021, but the network has ceded much of that dominance to competitors.

LUNA now accounts for the second largest amount of assets in the DeFi sector with $18.31 billion in TVL, followed by Binance Smart Chain with $16.97 billion. Solana and Avalanche have a total of $11.95 billion and $11.94 billion in blocked tokens, respectively. Open / Comment

2022-01-01 14:05:59 Euroswap EDEX prepares to join the listing calendar from Coinmarketcap

Coinmarketcap has long established itself as one of the most reliable mass auditors of crypto projects. The average investor has a 50% chance of investing in a good project, while the chances of success for new coins from the CMC list increase to 60-70%.

That's why most investors are waiting for projects to be registered on Coinmarketcap. And now Europe's first decentralized exchange (DEX) EuroSwap says it is waiting for the application to be approved and after that to appear on the cherished Coinmarketcap list.

The developers of the project EDEX previously said that after the Priority Session for early investors they will take care of project security. This meant that the team would get all the technical and marketing details of the project so that EuroSwap could be easily audited by reputable companies. Open / Comment

2021-12-31 19:13:00 Near launches Dodo with $7.5 million reward pool backed by Proximity Labs

Dodo will launch as a preferred decentralized exchange (DEX) based on Near's protocol, proof-of-ownership blockchain and decentralized application platform using segmentation technology.

The Ethereum-based application will be deployed on Near via the Aurora network, a scaling solution with the Near Ethereum virtual machine.

Tokens worth $7.5 million to incentivize Dodo on Aurora will be provided by Dodo in partnership with Proximity Labs through its $350 million DAO decentralized financial grants.

These incentives will include a $5 million liquidity mining campaign ( rewards in DODO and NEAR tokens) as well as trading rewards (2 DODOs per eligible transaction and up to 125 DODOs per day). Open / Comment

2021-12-31 15:07:00 EverRise updated protocols and launched them on three blockchains simultaneously

Decentralized Finance (DeFi) project EverRise claims to be the first to update its protocols and launch them on three blockchains simultaneously.

EverRise offers a set of security solutions that are integrated across their bridge between blockchains, allowing assets to move freely and quickly from one network to another, as well as integrating an entire ecosystem across multiple chains. It is now present on Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (MATIC), and all three have one token with one circulating offering.

The project argues that addressing existing pain points is critical if DeFi is ever to reach the point of critical mass adoption. And given how fast the industry is evolving, EverRise says its job is to provide developers with the tools they need to keep up. Open / Comment

2021-12-30 20:15:00 BTC and ETH consolidate losses, ALGO a few inches higher

The bitcoin price tested the $46,000 zone before finding support. BTC began a wave of recovery above $47,000. Currently, there are many hurdles below $48,000.

ETH is facing a tough challenge around $3,780 and $3,800. XRP is trying to create a recovery wave above $0.85 resistance. ADA fell to $1.30 before rising above $1.35.

Many altcoins are up more than 8%, including GNO, ALGO, XDC, ATOM, CELO, MINA, XMR, IMX, CRV, NEAR and RVN. Of these, ATOM stock jumped 9% and approached $29.00. ALGO increased to $1.66, while ALGO increased its earnings to $1.66. THE COMPANY'S SHARES ARE UP $8.5 MILLION.

The bitcoin price is consolidating losses in excess of $47,000. If BTC remains stable above that level, a recovery to the $48,800 level is possible. Open / Comment

2021-12-30 18:52:00 StarkNet has offered to deploy Aave v3 on its solution

StarkNet's Layer 2 scaling solution could be the next platform to host the flagship DeFi Aave protocol. StarkWare has proposed complementing the high-level DeFi Aave protocol with StarkNet tools.

Following releases based on Polygon (MATIC) and Avalanche (AVAX), the popular DeFi Aave v3 protocol could be deployed on StarkNet, according to StarkWare product manager Yael Doek.

According to a post with the text - "ARC: Deploying Aave on StarkNet," on the official Aave portal, StarkWare product manager Yael Dowack suggests deploying Aave v3 on StarkNet.

"Let's use DeFi Pooling to allow all users to participate in L1 AAVE financial strategies , while paying L2 costs," the post reads. Open / Comment

2021-12-29 19:29:02 Santiment: Polygon (MATIC) is expecting a short sale and a new takeoff

As the price of Polygon (MATIC) sets new records, crypto analytics company Santiment monitors network activity and social media performance of the token.

On Monday, the token for Polygon, the leading Ethereum Level 2 scaling solution, soared to a record high of $2.92. It then lost some of its gains and is currently trading at $2.57.

After analyzing the number of active MATIC addresses, Santiment noted that Polygon is currently showing "decent network activity."

Analysts also state that there is currently profit taking on MATIC, with inflows to the cryptocurrency at a low level. The volume of mentions of MATIC on social networks remained low until the cryptocurrency hit a price high, after which there was a surge of interest. Open / Comment

2021-12-29 17:40:02 Aave and Centrifuge tokenize real world assets

Previously, Aave users could only borrow and lend cryptocurrencies, and rates were adjusted based on market demand.

The initiative is in partnership with Centrifuge (CFG), a cryptocurrency company that allows businesses to tokenize aspects of their transactions such as trade receivables and invoices. Once tokenized, these assets can be used as collateral to obtain cash.

Users can lend DAI, a popular decentralized Stablecoin pegged to the U.S. dollar, and receive a 2.8% yield, for example. Conversely, users can borrow DAI at 3.97%. These values fluctuate depending on how much demand for DAI borrowing is compared to the amount of liquidity available for borrowing.

Aave already has 30 additional markets offering the same service, but Centrifuge is claiming regulatory compliance. Open / Comment