Category: Cryptocurrency News

Flickto, the first media launchpad on the Cardano ecosystem, has announced that it will be holding a public sale round on ADAX. This is coming off the back of a successful fundraising round held in December that marked the end of a wildly successful year for the project. Now, Flickto is taking it one step further as it offers the public the chance to get in on the project that will revolutionize the content creator space. First Public Round On ADAX The Flickto IDO/public round is set to begin on Monday the 10th of January for the priority round and Tuesday, 11th January for the general public. The public round will be the first-ever to be held on the liquidity protocol which helps to facilitate non-custodial and censorship-resistant trades within the Cardano ecosystem. Opened at midday on ADAX, users qualified for the priority round by having at least 1,000 ADAX staked in a locked ADAX pool. These users were able to purchase FLICK tokens for a significantly lower price for the first 24 hours before the public round was opened up to the general public, with over $170,000 worth of FLICK tokens sold. The public sale will run till midday on Friday, 14th January, where priority access users will be able to purchase FLICK tokens for $0.009 each, while the general public sale will kick off at $0.01 per FLICK token. The minimum contribution for the priority round starts at $50 and $10 for the public IDO. Tokens are locked for six months until July 1, 2022. ADAX aims to remove the need for centralized middlemen to facilitate token swaps, while also providing ample asset liquidity and broader reorientation of the decentralized finance (DeFi) space towards the Cardano ecosystem. Smart contract-based trades are executed faster and at a fraction of the cost of the Ethereum network. Flickto Is Changing The Pace Of Media Financing Flickto first broke into the DeFi scene in November 2021 as the first and only media financing launchpad on the Cardano network. The project has since gone to prove itself as a force to be reckoned with by disrupting the long-held monopoly on content production by media conglomerates. Flickto takes the power to choose which media projects to finance out of the hands of these conglomerates and gives it to the masses. By staking in the Flickto pool, users are able to vote on and pick which media content they would like to finance and see produced, ranging from YouTube content to big Box Office releases. Furthermore, users are able to earn distribution royalties from the successful projects that they sponsor. Flickto provides a space where content creators can interact directly with their supporters and consumers to bring to life the projects they want to see on the big screen. FLICK tokens are currently being earned via voting, staking, and are available and freely tradable on the open market. Users can earn 0.15 FLICK for every ADA in active stake through the Flickto ISPO. FLICK was recently listed on the Muesliswap DEX where the tokens are freely tradable on the open market. To participate in the Flickto public sale, head over to ​​https://cex.adax.pro/launchpad/flick-ada  

The price of bitcoin continues to struggle and investors look towards various indicators to know when the price of the digital asset would begin to correct once again. While some indicators have shown promise in predicting what may yet come, it remains a guessing game as bitcoin has always been known to have a mind of its own when it comes to price movements. To this end, Cathie Wood, famed CEO of ARK Invest, has shared some interesting thoughts around the market correction and what will drive it. The bitcoin bull continues to look towards the crypto market through a positive lens as she shares what will bring about the market correction. Related Reading | Bitcoin Discount? Peter Brandt On Why You Shouldn’t Buy The Dip Crypto Market Succumbs To Strike Against Technology The whole of the crypto market is built on the back of new technology and as such, will sometimes follow technology trends in the broader market. ARK Invest CEO Cathie Wood posits in a new video on the ARK Invest YouTube channel that this is what is behind the recent crashes. Basically, there has been a strike against technology, growth, and innovation in the equity markets and the spillover of this strike is what brought down prices across the crypto market. However, the CEO does not expect this strike to last long. Related Reading | Galaxy Digital CEO Mike Novogratz Says Bitcoin Has Hit The Bottom Addressing the concerns about technology and innovation stocks being in a bubble, the CEO discounts this theory. Instead, explaining that these stocks are merely in what she refers to as a “deep value territory.” Wood is known to take risky bets on technology and innovation assets, which have paid off in the long run for her fund, as well as her clients. For the CEO, Bitcoin falls into this territory and has been vocal about her support for the digital asset. She also predicts a highly profitable future for tech and innovation assets, expecting a 10x growth in the next 10 years. “Based on the last eight years of our research, the opportunities will scale from $10-12 trillion today, or roughly 10% of the global public equity market cap, to $200+ trillion during the next ten years.” Where Is Bitcoin Headed? The new year is now in full swing and the implications of the holiday spending have been showing on the markets. Bitcoin which hit its all-time high of $69K last year has since lost over 30% of its value. The price is not in the $41,000 range, where it continues to struggle as bears try to pull it down. BTC trading north of $41K | Source: BTCUSD on TradingView.com For Cathie Wood, it has always been about the long game. Last year, the CEO, at various times, said that she expects the price of bitcoin to grow 10x from its value at the time. She attributes this growth to institutional investors finally moving at least 5% of their portfolios into the digital asset, at which point, bitcoin’s price will grow as high as $500,000 apiece. Featured image from Page One, chart from TradingView.com

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As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto […]

Last month Astroport made DeFi history by launching with a “lockdrop”, a novel liquidity bootstrapping initiative that invited liquidity providers to “lock” liquidity into the Astroport ecosystem in exchange for a “drop”, or distribution of ASTRO tokens. We believe that this practice will quickly become the new standard in DeFi when it comes to generating…
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Ethereum is not an NFT, it's a crypto currency used to purchase NFTs. Am I correct or is a nft a cryto per say. Idk im new just trying to understand submitted by /u/Niza_Zombie_King [link] [comments]

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