After buying through a centralized exchange for a while now I am finally starting to interact with the blockchain directly, but I am a little confused how the fees work. I was going to send some USDC to a wallet from my CEX so I have been watching gas fees on ehterscan and they are…
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Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into […]
A deep dive into the worlds of nonfungible tokens and decentralized autonomous organizations, and how they can benefit from each other.
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And everybody was saying keep an eye on this specific Altcoin and yes — Sifchain – and they were right. Sifchain (EROWAN), a low-cap DeFi altcoin, skyrockets by 47% in the wake of the staleness in the general crypto markets. EROWAN has bounced from a low $0.114 on April 23 and is currently at $0.168. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% What is Sifchain (EROWAN)? At the 271st level of all cryptocurrencies, SifChain has been on its seven-day high streak at 47%. SifChain is now at a price point that is above resistance; it may be nearing its volatility period once the rally is over. SifChain has been trading on low volumes over the course of seven days but it now has an extremely bullish sentiment score and is continuously rising. Many traders are anticipating the market behavior of Sifchain EROWAN as it has become a high-performing Altcoin despite the immobility of Bitcoin, Ethereum, and all other stablecoins. Altcoin Saves Investors From Egregious Fees Sifchain is the first-of-its-kind omni-chain decentralized exchange (DEX) geared towards digital assets and altcoins that enables liquidity, freeing investors from ridiculous trading fees and immature trades. Sifchain has set eyes on roughly 20 to 25 blockchains to facilitate cross-chain integrations. Crypto total market cap at $1.84 trillion on the weekend chart | Source: TradingView.com The only way for DAOs to be self-subsistent is to get their hands on enormous funding. Enabling cross-chain liquidity is important for continuity in the blockhain space. Sifchain is from the Cosmos Software Development Kit (SDK) and runs along others like Akash, Kava, and Terra in the Cosmos Network Blockchain network. EROWAN – 100x More Powerful Than ETH-Based DEXs With that being said, EROWAN is 100 times more powerful and robust compared to Ethereum-based DEXs when considering transaction speed and trading fees. As a DEX, Sifchain has the best of worlds in terms of order books and liquidity pools enabling solid order execution. Users are bound to leave a protocol once the APYs plunge which makes it very difficult to maintain its liquidity. Majority of protocols incentivize liquidity by way of annual percentage yields of APYs. Suggested Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout Now, the problem with keeping the APYs relatively high is that it results in casting aside the native token price. PMPT is the solution to this dilemma. PMTP’s goal is to pump up the ROWAN value so that the community would be encouraged to HODL which will beef up ROWAN liquidity for the long term. To do this, the ROWAN exchange rate is adjusted by small increments on the Sifchain. PMTP applies every time you swap. As the market value of ROWAN shoots up, the swaps also increase in value over time. Featured image from Medium, chart from TradingView.com
Tether FUD – Tether has missed it's 2022 Q1 reserves report: postIn comparison: in 2007 a bank with $18B in dealings (Lehman Bros.) took down the whole market. Tether is "worth" about $70B. Escalating war in Europe – Russian state TV is already talking about tactics for invading Baltic states: newsEvery step of escalation is…
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The highly-anticipated virtual land sale related to the Bored Ape Yacht Club went live hours ago and affected a large portion of the entire crypto market. The massive demand led to ETH fees worth nearly $200 million to be spent on gas for the land sale in one hour. This is because their contract had…
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While the Otherdeed NFTs could be minted only in APE, it also required ETH for gas fees.
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