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2022-04-25 19:45:00 We have prepared a signal for one of the cryptocurrencies.

Have time to subscribe. We will publish the signal tonight https://t.me/Coin_Quest Open / Comment

2022-04-24 18:00:08 We have prepared a signal for one of the cryptocurrencies.

Have time to subscribe. We will publish the signal tonight https://t.me/Coin_Quest Open / Comment

2022-04-24 16:14:54 ​​Shiba Inu's New Burn Portal Rewards SHIB Burners for Destroying Their Tokens

Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.”

SHIB Army Celebrates the Token Burn Rate as Burn Portal Goes Live
Supporters of the meme-based crypto asset shiba inu (SHIB) have been discussing the launch of the official Shibaswap burn portal. While SHIB network participants have been burning tokens for quite some time, the burn portal gives any SHIB owners with a Web3 wallet the ability to burn SHIB, and obtain passive income rewards for their burn participation.

On Saturday, the Twitter account shibainuart wrote: “The SHIB burn portal is LIVE — Burn SHIB, reduce its circulating supply, and generate passive income while doing so.” A great number of other SHIB supporters discussed the official burn portal hosted on Shibaswap as well. While SHIB’s burn rate jumping 26,000% on April 9, the burn rate settled down a great deal after that point.

With the burn portal in place, shibburncom data indicates that the burn rate is rising once again. Presently, the burn rate has increased by 347.35% during the last 24 hours. According to the official burn portal, the website says 1,441,683,884.82 SHIB since this post was written.

“Welcome to the SHIB Burn Portal,” the website explains. “We’re excited to see you here. This burn portal is set to make it rewarding for users to regularly burn SHIB while effectively reducing its circulating supply.” The website further adds:

This portal has been built to reward SHIB burners, with a passive income acknowledgement, in the form of RYOSHI rewards. Meaning that 0.49% of all RYOSHI transactions will be distributed to owners of burnt SHIB.

SHIB Team believes Every Burn Will Help ‘the Wealth of the Community Grow’
According to the burn portal website, SHIB burners that obtain burntSHIB will get an estimated 43.76% annual percentage rate (APR), but the APR does fluctuate. The website explains that users need to add the token burntSHIB to their Web3 wallet like Metamask.

“Our hope is that with every burn, the wealth of the community grows, but also by rewarding the effort in the long term to make shiba inu one of the best digital assets in the history of cryptocurrencies,” the official burn portal explains. Meanwhile, many SHIB fans posted proof that they had burned SHIB on Twitter or shared the current burn rate percentage increases Open / Comment

2022-04-23 11:35:00 ​​Green Coins in Terms of Value (At the End of 2021)

According to Trades of Crypto, the greenest cryptocurrencies at the top of the rankings at the end of 2021 were: Cardano, Polkadot, Ripple, Stellar, and Filecoin.

Cardano – Cardano (ADA) is a decentralized, open-source blockchain platform featuring a proof-of-stake consensus mechanism. Its native cryptocurrency is ADA. Cardano aims to create a comprehensive platform for smart contracts, tokens distributed during ICOs, decentralized applications (dApps), and exchanging value via digital currency. The project developers aspire to provide the most advanced and comprehensive features among all available decentralized platforms based on blockchain technology.

Polkadot – Polkadot (DOT) is an innovative and relatively young cryptocurrency that enables multiple blockchains to operate simultaneously. This means that you can transfer assets between different networks using this project. Such functionality is made possible by several features of the project. First of all, it is highly scalable – the technology uses the so-called sharding, which allows for efficient processing of transactions at one time. Polkadot is designed with interoperability in mind, which ensures blockchain compatibility and provides information to be exchanged between different applications.

Ripple – Ripple (XRP) is an extended real-time settlement platform. Its native digital currency is XRP. Ripple is intended to be a cheaper alternative to a real-time settlement system between banking institutions and provide faster and more convenient international transfers using different currencies for businesses. This project stands out from others because it allows transactions to be made via both XRP and fiat currencies. It is worth noting here that XRPs are no longer mined and are all in circulation. Moreover, the company behind the coin promises to become completely CO2 neutral by 2030.

Stellar – Stellar (XLM) is an extensible, open-source platform based on a public and distributed blockchain network. Its cryptocurrency is called Stellar Lumens (or simply: Lumen). Stellar’s mission is to enable the building of financial products and services that will connect people worldwide, including those who do not currently have access to banking services. Stellar provides a robust payment network that enables any transaction with instant confirmation and near-zero transaction fees. How is this made possible? Stellar uses a small number of trusted nodes to approve transactions.

Filecoin – Filecoin (FIL) is a decentralized protocol that allows users to share or rent hard drive space to store files. Rather than trusting a single company to offer cloud storage of a user’s files, the protocol stores encrypted files in a network of computers scattered across the Earth and, in the future, even on other planets. Using Filecoin technology in conjunction with the IPFS protocol and .crypto domains, you can create fully decentralized and uncensorable websites. Open / Comment

2022-04-22 12:12:43 ​​ ApeCoin DAO Receives Flak for Its Flawed Governance Structure

ApeCoin is coming under fire for its governance system. Market analyst Cobie detailed issues concerning the influence of early contributors, given they have a disproportionate sway in the DAO.

ApeCoin, a token associated with the Bored Ape Yacht Club NFT series, has been receiving criticism for its governance system. Market analysts such as Cobie have been saying that its board member structure, which he said, is not suitable for solving certain issues.

Cobie took to Twitter to express his concerns and also published a lengthy post on Substack.

On Twitter, Cobie asked if ApeCoin board members were exclusively investors who were launch contributors, noting that if so, it would be “weird to have only board members as people with a potentially adversarial motive to the rest of the DAO.”

140 million ApeCoins have been allocated towards launch contributors, and Cobie points out that some of these members would have over 33% of the allocation unlocked during the staking launch. This gives them a considerable amount of influence in the staking program.

He goes on to suggest there may be potential adversarial incentives and that board members properly disclose interest amounts when suggesting proposals. Obviously, the concern here is that proposals could be made out in favor of these board members.

Cobie’s concerns are valid, and in his blog post, he talks about the term staking has been repurposed and redefined. He says,

“Instead of receiving rewards for contributing to chain security with collateral at stake, modern ‘staking’ just seems to mean idk we give you more coins as a reward if you don’t sell your current coins lol.”

The ApeCoin divide
ApeCoin has been subject to a lot of ridicule in the past few months. The token has been at the center of headlines for several reasons, from Ja Rule saying that the token would hit $3,000 to previous discussions of centralization.

Analysts believed that the tokenomics of the project could leave room for venture capitalists to dominate. These discussions have been happening since the ApeCoin DAO began airdropping tokens on March 17. Other worrying incidents include the compromise of the Bored Ape Yacht Club Discord.

Still, the token continues to receive a lot of attention. Whether it is a bubble waiting to burst remains to be seen, but investors seem keen on the asset. Open / Comment

2022-04-21 10:26:01 ​​Near-Based Defi Protocol Bastion to Launch BSTN Token at a $180M Valuation

Near’s largest decentralized finance (DeFi) protocol, Bastion, is launching its own token in a sign of the continued rapid development of the Near ecosystem.

The BSTN token will trade on Trisolaris, a decentralized exchange on Near’s EVM-compatible layer Aurora, beginning 23:59 UTC on Thursday, April 21.

Bastion is a lending, borrowing and exchange protocol that first launched in March as a fork of the popular Ethereum-based DeFi protocol Compound.

“We're able to double the utility of the protocol while using the same amount of liquidity by re-using deposit receipt tokens,” the pseudonymous Bastion founder N^2 (“Near Squared”) told CoinDesk in an interview. “No other DeFi protocol has done this.”

Within the span of several weeks, Bastion has grown to about $620 million in total value locked (TVL), according to Bastion founder N^2.

However, data provider DeFi Llama has the protocol at $507m in TVL, a figure N^2 says omits the $110 million in its exchange protocol.

Regardless, DeFi Llama has Bastion as the largest decentralized finance protocol on the Near blockchain.

The BSTN token
Bastion will be allocating five billion BSTN tokens at a $180 million valuation, according to pitch deck materials shared with CoinDesk. The initial circulating supply will be around 12.6%, or about 630 million tokens.

Bastion’s new token will give holders governance rights, including input into the development of the protocol and the ability to vote on fee models, gauges and staking in a decentralized manner.

Approximately 15% of the five billion total tokens will go towards investors and 25% will go towards team members and advisors. In addition, 30% of the tokens will be set aside for liquidity mining incentives and 30% for the protocol’s treasury.

Eligible users who pre-mined on Bastion or participated in Bastion’s lockdrop IDO will be able to claim their BSTN airdrop on the token’s launch day.

Holders of the BSTN token will be able to earn yield on their tokens by providing liquidity on Aurora’s decentralized exchange Trisolaris and also stake their BSTN tokens in the Bastion app or Aurora Realm, Bastion’s isolated lending market for Aurora ecosystem assets. Open / Comment

2022-04-20 16:20:00 ​​Shiba Inu Now Accepted as Payment by Switzerland-Based Multinational Company

As reported by ShibaXanders, an admin of the Shiba Inu Venezuela community, Fidinam group, a multinational located in Switzerland, is now accepting Shiba Inu as a payment method.

Fidinam reportedly has a presence in Germany, Austria, Belgium, the United Kingdom, the United States and soon in Spain. According to a recent announcement, Porsche Towson, Baltimore's only exclusive Porsche center, has partnered with cryptocurrency payment processor BitPay in order to accept digital assets, Shiba Inu inclusive.

BitPay officially began supporting the Shiba Inu coin in late 2021, which allowed for spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. SlingTV, American Cancer Society, Newegg, Menufy, Carolina Hurricanes and Twitch are among the major companies accepting SHIB via BitPay at the moment.

Shiba Inu's recent developments
Shiba Inu trifecta, leash and bone debut on SimpleHold, a light wallet for Bitcoin, Ethereum and many other assets, thus allowing users to hold and swap leash and bone.

SHIB has been gaining traction after the long-awaited listing by the popular Robinhood investment app that took place earlier this month. For almost a week now, SHIB has been holding the position of the biggest token by USD value for the top 100 ETH whales and has been on the top 10 list of the most purchased coins.

At the moment, the top ETH whales hold 53,391,158,345,427 SHIB worth $1,357,748,940. This is 15.14% of their comprised portfolio.

At the time of publication, Shiba Inu was trading at $0.0000255, per CoinMarketCap data. Besides, SHIB is expanding across exchanges. As covered previously by U.Today, on April 20, decentralized exchange Parex opens SHIB deposits and launches a SHIB/USDT trading pair. Open / Comment

2022-04-18 11:09:23 ​​Litecoin (LTC) Whales Transact at Highest Level Since Early 2021, Says Crypto Anaytics Firm Santiment

Blockchain analytics firm Santiment says Litecoin’s biggest holders have started moving LTC at levels not seen in nearly a year.

Santiment says that on April 14th, LTC transactions worth more than $100,000 were at their highest point since May of 2021, when volatility was exploding in the crypto markets.

“Litecoin’s top key stakeholders have been quite busy over the past week with massive transactions occurring near its price bottom at the beginning of the week. The 5,508 LTC transactions valued at $100k+ was the highest total in 11 months.”

Litecoin is currently priced at $111 and is down over 72% from its all-time high of $410.

Looking at Bitcoin (BTC), the analytics firm says that while social media is lit up with bullish sentiment, on-chain data shows that market participants are not yet betting that the bottom is in.

“When we sum up everything, it looks like it represents the following crowd sentiment: whatever happens at the bottom is not convincing. People are not committing their money to enter anything related to bullish cases, surprisingly. There are bullish talks, but we don’t see actions onchain.

We do believe it’s a good sign. We trust onchain data. But the total amount of still positive news is a bit concerning. Too high expectations.

It could be that we need one more dip. But for the short-term metrics we’ve seen the last – it’s a good chance we should go a bit higher.” Open / Comment

2022-04-17 14:20:00 ​​NEAR Protocol Entering FOMO Phase: Key Reasons

Alex Pavlov, CEO and founder of DeFi derivatives protocol Spin and partner at Algalon Capital asset management firm, shares some metrics that signal that NEAR Protocol is on the verge of another upsurge.

On-chain activity, retail adoption, audience growth, ecosystem progress: Catalysts of NEAR FOMO
Mr. Pavlov has taken to Twitter to indicate the most powerful drivers of the upcoming NEAR Protocol (NEAR) FOMO ("fear of missing out").

In terms of net trading volume, NEAR Protocol (NEAR) has already outperformed Avalanche (AVAX) and is closer to surpassing Terra (LUNA) and Solana (SOL), the two most overhyped protocols of 2021.

At the same time, its fully diluted market capitalization remains low compared to the closest competitors, and this can also be interpreted as a sign of undervaluation.

Also, while tracking the audience growth of major non-Ethereum platforms, analytical firm Messari has registered a 55% increase in 2022. This is higher than that of Solana (SOL), Terra (LUNA) and Avalanche (AVAX).

This progress is accompanied by the rocketing increase of stablecoin, DeFi and dApps activity on the NEAR ecosystem.

$1.37 billion locked, 27 active protocols: What is going on NEAR Protocol?

Last but not least, Mr. Pavlov noticed huge increase in the transactional metrics of retail usage. In 2022, NEAR Protocol went through two massive fundraising campaigns.

As per Dappradar statistics, by mid-April 2022, NEAR onboarded 27 decentralized applications of all types. Mostly, they belong to the marketplaces and games segments.

NEAR Crowd, Paras 2.0 and Ref Finance are the three most popular dApps in terms of user numbers.

A total of $1.37 billion is locked by users of all NEAR-based protocols in all. Open / Comment

2022-04-16 17:45:08 ​​Ethereum Whales Pounce on Crypto Project Backed by FTX As Chainlink, Shiba Inu and Several Altcoins Endure Outflows

The richest Ethereum (ETH) whales in the world are pouncing on one decentralized finance crypto project, according to WhaleStats.

The whale-watching platform notes that in the past seven days, the top 100 ETH wallets purchased an average of more than $1.9 million worth of Serum (SRM), the utility token of the Solana (SOL)-based decentralized exchange.

By comparison, average SRM sales among the top 100 ETH addresses last week were only $237,875.

SRM is trading at $2.45 at time of writing. The 133rd-ranked crypto asset by market cap is down more than 9% in the past week.

Serum is backed by the crypto exchange FTX, and FTX chief executive Sam Bankman-Fried serves as an advisor to the project. Among the top 100 ETH wallets, FTX Token (FTT) was purchased at an average purchase amount of $2.25 million and sold at an average purchase amount of $1.4 million in the past week.

WhaleStats also notes that the top 100 ETH addresses sold off an average of $679,410 worth of the popular memecoin Shiba Inu (SHIB) over the same timeframe. That exceeds SHIB’s average purchase amount of $582,686.

LINK, the native token for decentralized oracle platform Chainlink, also witnessed outflows. The top 100 ETH wallets sold an average of $305,923 worth of LINK last week without purchasing enough LINK to make the top ten purchased altcoins.

Ethereum also suffered outflows last week with the top 100 ETH wallets purchasing just over $7 million worth of the smart contract platform while selling $8.5 million of the crypto asset. Open / Comment