Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Monsterra Tackles Existing NFT Gaming Issues via Free-To-Play-To-Earn Model

The gaming industry is going through a dramatic evolution. The rise of NFT gaming has led to an explosion in play-to-earn games whereby players can earn and own digital in-game assets to sell at their discretion. Despite this rapid growth, players typically face high entrance fees, poorly designed gameplay, imbalanced tokenomic models, and high gas fees, creating barriers to entry that can harm further adoption in the niche. Monsterra seeks to change all that with a free-to-play-to-earn model that lets gamers play and earn for free without imposing any upfront cost. While earning is a central part of the game to incentivize player loyalty, the focus is on building an exciting and inspiring gameplay experience to keep it fun. It is also designed with an innovative dual token model to slow down inflation and sustain a balanced in-game economy. Also, users pay no gas fees to get started with Monsterra, instead only paying a transaction fee when converting their assets into NFT items. Monsterra Ecosystem Monsterra is a dual chain-based game on the Binance Smart Chain & Terra networks, inspired by the gameplay of Axie Infinity, Clash of Clans, and Boom Beach. Set in a fictional world, Monsterra revolves around farming, property building, and battling other lands and players using magical creatures known as Mongens, guardians of Monster Terra. Mongens The main Mongen characters divide into five races known as Beast, Tectos, Mystic, Celest, and Chaos. The creatures are used for production, defending lands, and launching attacks. Each character’s stats are calculated via unique DNA codes based upon race, traits, and rarity figures. Rarity is further classified into common, uncommon, rare, epic, and legendary, with Mongens leveling up to improve their skills over time and an unprecedented breeding mechanism to create hybrid characters. Plots Plots are the building blocks of the Monsterra world, with eight plot types serving different purposes, namely core, pasture, breeding, hatching, food production, food storage, barracks, defense, and decor plots to craft the ideal environment. Land To connect plots, users need to use a land framework defined by several rarities and diverse themes with different limitations on development. There are various methods for users to acquire land, which can be individually customized and farmed to produce an in-game currency used to feed and nurture the Mongens and train their troops. In-Game Currency Monsterra applies an innovative dual token model, utilizing MSTR and MAG to ensure the sustainability and scalability of the in-game ecosystem. MSTR MSTR is the primary Monsterra token, used for transactions like purchasing land, marketplace items, or other in-game activities, with a limited supply of 100 million. Users can stake MSTR, as well as NFTs, in innovative staking pools and yield farms to receive rewards from the game as a shared revenue stream while still being able to use the assets for game activities. Players also need MSTR to participate in the governance of the Monsterra DAO. MAG MAG is a secondary token used across Monsterra. It has an uncapped supply regulated via a burning mechanism. The MAG token can be minted via quest completion, battle victories, and DAO voting. It is then burned via gaming activities including breeding, evolving, fusion, skill learning, and plot upgrades. Gameplay To get started in Monsterra, players can claim free in-game items including one default land and two Soulcores to incubate for new Mongens. They can then engage in a series of game activities across four different battle modes, nurturing their Mongen squads to expand territory and earn rewards from battle victories. Adventure Mode In Adventure Mode, players send Mongen squads to explore and attack new lands for hidden reward tokens. Players land in NPC territories and use tactical strategies to overcome obstacles and extract maximum resources from the soil. Boss Challenge Mode Boss Challenge Mode players lead Mongen armies to conquer surrounding lands inhabited by dreadful beasts. If victorious, the land will belong to them, and their territory further expands. Battlefront Mode In this mode, players take on other players, raiding their lands to obtain the resources of opponents as rewards for winning Mongen battles. If attacking players fail, they will have to pay rewards to the successful defensive landowners. Arena Mode Arena Mode allows players to enter arena battles, fighting it out against other Mongen squads to win betting rewards. Players participate by betting a fixed amount of MAG tokens. The winner receives the full amount, and the loser is deducted a 5% fee for the game. Roadmap Ahead Monsterra’s INO and IDO are anticipated by the end of the year. Q1 2022 should deliver an NFT marketplace, staking and yield farming services, and the DAO, alongside the launch of Adventure Mode. The remaining battle modes are expected to be delivered between Q2 and Q3 2022 before Monsterra scales up to become multi-chain and multi-platform.      

What is the next mania that will catch people off guard and skyrocket Eth demand?

I’ve asked this twice before if you want to see how this changes over time… https://www.reddit.com/r/ethtrader/comments/qbl978/whats_the_next_mania_that_will_take_most_people/?utm_source=share&utm_medium=ios_app&utm_name=iossmf View Poll submitted by /u/El-Coco-No [link] [comments]

[HIRING] Ethereum Developer for NFT Generative Project

Hi! Looking to hire someone to help our team create our generative NFT collection. We already have the art made, just need someone to help create the smart contract, create a mint button on our website, and have the NFTs connect to Opensea. We are looking to pay $2500 for this job but are down…
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Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies. Central Bank of Russia Issues Draft Directive Banning Crypto Investments […]

Ethereum’s market cap is exactly 50% of Bitcoin right now. Do you think the flippening is possible?

If you check CoinMarketCap right now, (price glitch fixed BTW) you will see that Ethereum has a market cap of 586B and Bitcoin is at 1.17 trillion. Ethereum is essentially exactly half of Bitcoin right now. I have been very bullish on both ETH and BTC for a while, but personally I've always been more…
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TA: Bitcoin Holds Ground, Why 100 SMA Is The Key For Fresh Increase

Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA. Bitcoin is forming a base above the $46,400 and $46,000 support levels. The price is still trading below $48,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear $49,200 and the 100 hourly SMA for a steady increase. Bitcoin Price Forms Base Bitcoin price declined towards the $46,000 support level. BTC seems to be forming a base above the $46,000 and $46,400 levels. A low was formed near $45,759 before the price started a recovery wave. There was a move above the $47,200 and $47,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC/USD pair. However, the pair still trading below $48,500 and the 100 hourly simple moving average. It faced a strong resistance near the $48,250 zone and the 100 hourly SMA. Bitcoin also struggled near the 50% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. An immediate resistance on the upside is near the $48,100 level. The first major resistance is near the $48,250 level. The next key resistance could be $48,800. It is near the 61.8% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. Source: BTCUSD on TradingView.com A proper break above the $48,800 resistance could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly gain momentum. Dips Limited In BTC? If bitcoin fails to clear the $48,880 resistance zone, it could start a downside correction. An immediate support on the downside is near the $47,500 level. The first major support is now forming near the $47,000 level. The main support is now near $46,000. A downside break below the $46,000 support may perhaps accelerate losses in the near term. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Levels – $47,200, followed by $46,000. Major Resistance Levels – $48,250, $48,800 and $50,000.

Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves up and get on with it, so that by the time this becomes […]

We all was rich for a moment

submitted by /u/Nrehart [link] [comments]