Talking to Cardano Foundation CEO Frederik Gregaard about Cardano Forrest and the future of CF – video
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
In the last 2 years, economies have suffered greatly due to the Covid-19 epidemic in all countries. But some tech firms earned more and became rich. As countries are closing and businesses are closing, some of the tech companies have made huge servert gains.
With the impact of the great epidemic covid, cryptocurrencies Bitcoin, Ethereum and other digital currencies attracted great attention. Even financial institutions have started to buy cryptocurrencies. Banks have started to deal with blockchain companies to use blockchain-based systems. Some firms, such as PayPal, have announced that they can buy, sell, and hold Bitcoin and cryptocurrencies.
As the crypto market grew rapidly, so did the number of miners. Miners with effective and efficient equipment made good profits.
MarketsAndMarkets said: “Mining is an integral process for the creation, transmission and verification of transactions in cryptocurrencies. It ensures a stable, safe and secure spread of currency from payer to buyer. Unlike fiat currency, which is controlled by a central authority and regulates transactions, cryptocurrencies are decentralized and operate on a peer-to-peer system. APAC will grow at the highest CAGR during the forecast period (2026). In terms of value, APAC will grow at the highest CAGR during the forecast period. The Rest of APAC (RoAPAC) has been reviewed for RoAPAC, Singapore, Malaysia, Thailand, India, Australia and New Zealand. China is the largest market among all APAC countries. Thanks to its low cost of electricity and the presence of large mining companies.”
Although miner devices are at high prices, miners continue to renew themselves in the burgeoning cryptocurrency industry.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Lil Floki (LILFLOKI) is a memecoin based on Elon Musk’s dog named Floki. Through the charity program, the project hopes to become more than just a memecoin. Tokens like Shiba Inu (SHIB) rose by over 100,000,000 last year, allowing at least 1 investor to raise $8,000 to over $5 billion. Many of these memecoins are owned by dogs and Tesla Inc. Its CEO is Elon Musk. One of them is Lil Floki (LILFLOKI).
What is Lil Floki (LILFLOKI)?
Lil Floki is a project based on Binance Smart Chain (BSC) and aims to be a payment cryptocurrency with a store of value. However, memecoins cannot be considered a store of value as they are some of the highest risk investments you can make. The project has several features to try and maintain value, but the token price is commonly determined by hype.
Perhaps the most important way Lil Floki tries to preserve the value of his coin is through anti-whale procedures. This feature ensures that only 1% of the total LILFLOKI supply can be sold at a time. It also ensures that 1 wallet can hold no more than 2% of the total supply. This rule prevents a single user from having too much influence on the coin’s price.
Another way the team tries to maintain the coin’s value is through the burn mechanism. A portion of each transaction is sent to a wallet where tokens are burned or taken out of circulation. This action reduces the supply after each transaction. However, it only works if there is enough volume to make the burns effective, and the team has yet to reveal the details of the burn feature.
Each transaction incurs a massive 13% fee. Additionally, 2% is distributed back to holders in the form of Binance Coin (BNB); It is put into the liquidity pool of 4% to support the volume; and 7% are sent to “charitable” developers. This means that an investor who buys $1,000 of Lil Floki will actually only get $870 worth of tokens, and if the investor sells immediately, they will get about $750, resulting in a 25% loss if the token is the same value.
The charities supported by the project are related to dogs. In the past, she bought flea treatments and food for dogs in shelters. This unique feature allows the project to have a direct impact on the community. It can also incentivize transactions, as fees go towards a good cause. However, the developers only donated $200, and it’s possible for the developers to pocket some of those funds for themselves.
A Brief History of Lil Floki (LILFLOKI)
The project was launched on September 25, 2021 by 2 New Zealand-based developers named Alice Morgan and Hisham Macpherson. The project was launched surrounding the idea of philanthropy and a shared love for dogs. The developers made sure they were very public to develop trust between themselves and investors.
Most of the first month of the project focused on marketing. This period included the creation of social media accounts and influencer endorsements. Going forward, he hopes to achieve larger goals such as gaining control and developing non-changeable tokens (NFTs).
Although the project has been on sale for just over a month, the price has already increased by over 500%. It’s just starting to get recognition. However, its market cap is under $10 million, so it’s still a very risky investment.
Open an online account.
Now that you understand the basics of LILFLOKI, you may be interested in purchasing the token. Since it is a BSC token, you must first open an account on Binance. To open a Binance account, go to the website and create an account using an email and password. Next, you enter your personal information before depositing funds into your account.
Once your account is opened and verified, you can fund your account using an ACH or credit transfer. Then you can find and buy Binance Coin (BNB). However, you need a wallet to store BNB and exchange it for LILFLOKI.
Download Trust Wallet or Metamask.
A cryptocurrency wallet is a place to store a separate crypto exchange. It allows the investor to be the sole owner of cryptocurrencies. The best wallets for BSC tokens are Trust Wallet and MetaMask.
To open a wallet in either program, you download the software and create an account. You will then be assigned a wallet address to which you will send your BNB. Remember, your wallet address will be set to Ethereum’s network by default. You will need to add BSC before sending your BNB to your wallet.
Convert your BNB tokens.
Make sure you add BSC tokens in the wallet and send your BNB from Binance to your wallet. Once the BNB is in your wallet, you are ready to buy LILFLOKI on PancakeSwap.
Make your purchase.
Navigate to PancakeSwap and connect your wallet in the upper right hand corner. Then find the LILFLOKI and BNB pair. The exact address for the token can be found on the project’s website. Once you have the pair, select the amount of LILFLOKI you would like to purchase and execute the trade.
You may have to increase your slippage to 13% or more to account for the hefty transaction fees that Lil Floki has embedded into the token. Your LILFLOKI will then be stored in your wallet.
source: benzinga.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Elon Musk in crypto as Lorde Edge on Twitter triggered a currency of the same name to be shipped the same day, which saw its price skyrocket.
Lorde (DOGELON) on the web presents “Elon Musk’s twitter attacks that the target you want by name can realize more projects like this token DOGE, SH coin and of course DOGELON”.
Not applicable for a small-scale application on Monday according to ‘Mark’ rose more than 400% in terms of 10:50 am ET, the New York Post reported. According to CoinMarketC, the price of Lord Edge today was $0.00002235 after 89 finishes in the last 24 hours. Musk’s name reverted to Twitter’s name.
The meaning of the name has been a lot of speculation. Dogeco’s Creator, Shibetoshi Nakamoto, tweeted that “lorde Edge is an anagram for the old doge.”
“It doesn’t mean it will happen, but it’s actually an anagram,” he added later.
source: gobankingrates.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Lately, it feels like Cardano (CCC:ADA-USD) has gotten lost in the shuffle as other altcoins have garnered more attention. That’s a shame, as Cardano is an affordable digital asset that still holds great promise.
Indeed, there’s an angle here which you might not have considered. Without a doubt, there’s some overlap between environmentalists and cryptocurrency enthusiasts. However, crypto miners have been accused of consuming too much energy.
That accusation might be unwarranted. A recent partnership between the Cardano Foundation and a climate solutions specialist could prove the crypto critics wrong.
Moreover, the facts will reveal that ADA hasn’t been ignored by loyal cryptocurrency investors. While the media might not always report this, there’s vast ground-level support which cannot be denied.
source: investorplace.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
News has begun to spread that Reddit co-founder Alexis Ohanian will be investing in some kind of decentralized social media creation using the Solana blockchain.
“One of the reasons I am here is to announce that we have set aside $50 million to invest in the next social media creation built on Solana,” Reddit co-founder Alexis Ohanian said during talks with Solana co-founder Raj Gokal. used his words. During the conversation, Ohanian added that $50 million is not enough and that his plans are to increase the fund to $100 million.
After Facebook’s metaverse announcement, social media giants started to make big investments in Defi and Metaverse. It seems like the Metaverse will enter our lives very quickly.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
We learned that a brand new blockchain game is coming on Binance NFT. NFT continues to enter our lives rapidly.
Using advanced blockchain technologies, digital genetics and location-based technologies, Krytomon takes the evolution of cryptocurrency games to the next step. It moves forward with the goal of bringing NFTs to life by taking the best of Pokemon, Tamagotchi and CryptoKitties. The Kryptomon is a one-of-a-kind digital creature connected to the NFT and produced with a unique genetic code. Because cryptomonies are living creatures, they need training and care to be nurtured, healed, and strengthened. As such, they take the NFT concept one step further.
Since its inception, Kryptomon has partnered with Binance NFT, the official NFT market of the world’s largest cryptocurrency exchange, to launch an exclusive sale of 2,000 Kryptomon eggs exclusively for Binance users. The Kryptomon team sees this collaboration as their first step on the world stage. He brought the project to the attention of both NFT players and collector communities.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
After Metaverse changed its Facebook name to META, META became the center of attention. However, an important difference here is that it is an enhanced version of Virtual Reality. The idea for the metaverse was first introduced in Neal Stephenson’s 1992 cyberpunk novel Snow Crash. Based on the book, the metaverse was created as a shared fictitious space open to the public over the worldwide fiber optic network. After this novel, it inspired games such as Second Life, which had an impact in the early 2000s.
Since then, the blockchain space has been following the metaverse for some time. Just like cryptocurrency, blockchain allows metadata centers to be made more decentralized with their transactions.
Metaverse and Theta
Metadata repositories and metadatabase-based projects continue to increase. Theta, on the other hand, plays an important role in strengthening the data ecosystem. Theta’s significant number of simultaneous users make it an ideal choice for peer-to-peer (P2P) video and information distribution.
The Theta ecosystem is increasing day by day. Over the past years, technologies have been developed that form the basis of the metaverses created today. So theta is quite important for the metadata store.
Last month, Theta hosted a metaverse nightclub with Decentral Games. A partnership was established with Amnesia Ibiza from Spain, one of the most famous nightclubs in the world. Well-known international DJs such as Yves V, Benny Benassi and Paul Van Dyk took part in the virtual music festival.
More and more virtual events are taking place every day. As a result, this idea can be further developed and used in P2P distribution. In this way, people will be able to both earn TFUEL and have fun.
An important feature to mention is having a patented NFT DRM technology that will be included in the Theta ThetaPass ticketing system. This way, people will be able to use NFTs as special tickets to attend exclusive virtual live events.
While the end of innovation remains in sight, Theta continues its pursuit of technological advancement. For this reason, Theta sees it as an important tool to unleash the full potential of the metaverse, the virtual world of the future.
Source: www.coinquora.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Bitcoin rose to an all-time high on Monday. While experiencing positive news and inflation fears, Ethereum hit a new record. Bitcoin surged as high as $66,538 while approaching the old record level of $67,016.50.
Ethereum is up 58% since the beginning of October. Also, due to developments in the USA, bitcoin increased by about 51%. “Financial institutions want to be a part of it, regulators don’t want to push it too hard,” said Kyle Rodda, analyst at broker IG Markets. “We’re almost past the inflection point where it’s part of the system and it’s going to be very, very difficult to recover.”
In addition, Australia’s largest bank announced that it will offer crypto trading to its retail customers. There were positive developments regarding Bitcoin in other countries as well. A week ago, Eric Adams, Mayor of New York, said he would receive his first three paychecks in bitcoin. In the USA, the mayor of Miami made a similar statement.
Countries and many municipalities around the world are planning to make their cities “centres of the cryptocurrency industry”. We see that crypto technology is growing very rapidly.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Cronos announced the launch of its beta mainnet between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The launch of Mainnet will allow developers to move decentralized application (DApp) and smart contracts from Ethereum and EVM compatible blockchains to the Cronos network at low fees and high speed, thanks to the Inter-Blockchain Communications (IBC) protocol integration. Thus, access to Crypto.com’s large customer base of 10 million will be provided.
Developed on the Cosmos blockchain and based on Ethermint, Cronos operates side by side with the Crypto.com chain. In the days before the mainnet launch, the Cronos team published a Medium post to explain the complex process of bridging assets on different chains, such as transferring the platform’s token CRO from the Crypto.com ecosystem to Cronos or between the Crypto.com chain and the Cronos chain via IBC.
Cronos announced its testnet services in July this year. Blockchain has since processed 1.5 million transactions for over 600,000 addresses. Crypto.com Co-Founder and CEO Kris Marszalek said at the time that a boom in activity on Cronos was expected and promised developers that they would support their projects from start to finish.
Since its launch, the Cronos ecosystem has attracted more than twenty validator ecosystems, including Bison Trails, Chainlink, Band Protocol, Metamask, and Crypto.com, while also collaborating with many DeFi, NFT, and gaming projects.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
