Category: Cryptocurrency News

The crypto space is becoming more and more interoperable, developers in search of great adoption and success will need to embrace this trend. Amongst the ruling blockchains, Polkadot and its unique approach to governance and interoperability are quickly becoming the hub for the projects that could usher the future of the industry. Unlike Ethereum, Cardano, and other blockchains, Polkadot leverages a distinctive mechanism that lets the community choose the projects that will occupy limited slots on the network. To participate in the auctions, projects need to gather enough funds. Once the process is completed, winning projects will be deployed via parachains, independent networks that power the protocols. This process has already unleashed a fearful competition with many projects, such as Moonbeam, Bifrost, Astar Network, and Litentry going strong to take the lead. Most of these projects offer a steady reward to gain community support and win the auction. Astar has introduced a 3-bonus level for its supporters with 5% of its native token ASTR locked as part of their Crowdloan. On the other hand, Moonbeam offers uses a portion of a 30% Crowdloan pool, but investors must wait until the project deploys its compatibility with the Ethereum Virtual Machine (EVM). Also, 70% of the rewards will be distributed in the 96 weeks leasing period for the slot. Of the aforementioned projects, the Crowdloan launch by decentralized identity aggregation protocol Litentry offers a dynamic and versatile program with adaptive rewards, bonuses, and other opportunities for its supporters. On top of that, participants will be able to stake their DOTs without extra requirements or complications. The Litentry Network will connect its parachain to the Polkadot relay chain. In doing so, it will provide users with more security and interoperability. Already running on Ethereum and Binance Smart Chain with its own native token called LIT, giving it an advantage over similar projects trying to get a slot on Polkadot, the recently launch Crowdloan strategies are a major step for the network. The project has been listed on the leading crypto exchange Binance for a long time and has a strong liquidity base. Thus, investors have an additional layer of security and can rely on the legitimacy of the project. The project has allocated 20% of LIT’s total supply or 20,000,000 to incentivize users and reward its supporters to obtain a superior position and a higher chance to obtain a slot in the Polkadot auction. The program will be live from the first slot to the fifth auction and will remain active until Litentry secures a place on the network. Litentry Offers The Best Rewards On The Polkadot Ecosystem By allocating 20% of the LIT token total supply in the Crowdloan Program, Litentry offers DOT holders one of the best low-risk/high reward strategies to diversify their portfolio. In that way, investors will have an additional opportunity to profit other than staking their DOT. In order to participate in the Crowdloan Program, investors need to lock 5 DOTs for the auction. This initial investment will be rewarded with a minimum of 2.5 LIT. Later, final rewards will be estimated based on the contribution percentage of every user to the Crowdloan pool. In other words, one user’s DOT contribution will be divided by the total DOT contributions in the pool. These rewards will be distributed when the Litentry parachain running on the Polkadot relay chain goes live. Each investor will receive their LIT rewards linearly in each block for the duration of the Slot leasing period: 96 weeks. Even if the project fails to secure a slot, investors will still be compensated in the new Crowdloan campaign with additional LIT tokens until the program’s target is met. Compensations will reach an estimated 13% APY for a Crowdloan period of 5 weeks. For early supporters, there will be a bonus of up to 10% if they support the campaign before November 18 or 5% if they participate by November 25. Also, users can earn extra rewards if they complete an identity-based task and support Litentry Network’s main use case. Users can also earn extra incentives through several of Litentry’s partners, including the SubDAO airdrop, a Binance warmup promotion, and an all-new partnership with Polkadot Name System that earns users who contribute more than 10 DOT with a free .dot domain name. Although beneficial, Polkadot’s staking rewards have a much lower upside than betting on the growth of its ecosystem. A project such as Litentry network, with a high interoperable capacity and a use poised to see an increase in demand, as more people require an alternative to centralize data and identity systems. Therefore, the Crowdloan Reward Program is a great chance for early investors to fully capture Litentry’s potential to become a top project on one of the most promising ecosystems in the space. At the same time, these investors will maintain their capacity to move between blockchains.  

I hope it's ok to post this here. As an ETH supporter and NFT creator, I made this ETH Hopium Can 3D render. I own 1,000 copies and I'll give one for free to everyone who will support me on OpenSea by upvoting my collection. I also started a sub to boost other artists on…
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The Russian State Duma approved a bill on crypto taxation in early 2021 but the bill has yet to move any further.

We provide over 100+ FREE crypto articles on our SubStack! 😀 (Link on our profile). This is not financial advice. TLDR: The above article has pointed out the problems that DeFI is facing and new projects are solving them. Effective capital is still the top priority of DeFi 2.0 today, that is, trading volume on…
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I'm trying to figure out how to do arbitrage but when I try furucombo it always says I'll end up losing money. Do I need eth already in my wallet in order to do a flashloan? IS there any way to get eth without the high gas fees? I want to do AAVE flashloans? Does…
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The 30 finalists and winners of the DigitalArt4Climate competition were announced at a COP26 press conference.

As the DeFi and NFT markets grow significantly in 2021, surrounding technologies such as those related to the ‘metaverse’ have started to attract more attention from the general audience. Decentralized technology is primed to become the leading technology for the next generation. However, as decentralized technologies gain momentum, concerns about the security of personal information arise. In the future, it may be more difficult to protect personal information from large institutions including governments in some countries. In this current climate, TSURUGI Finance is expected to meet the needs of many. TSURUGI Finance is a project that aims to build a new economic sphere by providing individuals the means to securely hold and utilize valuable information and assets. We managed to TSURUGI Finance accepted an interview. TSURUGI Finance’s own governance token, TRGX, will soon join TENSET’s Airdrop “Infinity” as a Gold Sponsor to increase the number of token holders along with an upcoming IEO on Kanga Exchange. TSURUGI Finance will be based on three core businesses: DEX (Decentralized Exchange) NFT marketplace Live streaming platform Each of these businesses serves a unique function: DEX (Decentralized Exchange) TSURUGI Finance’s DEX “TSURUGI Exchange” is poised to be a UI/UX gamechanger in the DEX field through its limit price function, unit price display, and the ability to bridge between different blockchains. TSURUGI Exchange will be built on TSURUGI Finance’s original blockchain, “TSURUGI Chain”. This blockchain is characterized by the following functionalities: Security Scalability Low fees High transaction speed In addition, farming on the TSURUGI Exchange will be different from conventional farming; users will be rewarded with cryptocurrency pairs rather than just the governance token. By additionally rewarding a currency such as ETH, which already has an established market value, TSURUGI Finance’s farming service is expected to attract more users. Additionally, TSURUGI Exchange is planning to offer a launching platform for new tokens in the future. While conventional launching methods such as IDO are vulnerable to malicious projects, TSURUGI Exchange’s launching platform will be safeguarded with the help of a third-party institution. The Digital Asset Management Foundation, which cooperates with TSURUGI Finance, is expected to scrutinize each of the listed projects much like in IEOs, providing better investor protection. NFT Marketplace The NFT marketplace will provide NFTs with unprecedented functions. A wide array of assets, from physical assets such as real estate, art, automobiles, and watches to digital assets such as digital art and digital characters, will be tokenized to be traded. One of the differentiators of TSURUGI Finance’s NFTs is that they provide a form of income gain and capital gain, defined by the following: Income gain: Buying real assets on TSURUGI Finance’s NFT marketplace is nothing like you imagine. The sellers are given the option to keep the ownership of their assets, while listing the ‘right to share the profit made by their asset’, much like a timeshare model. Capital gain: Physical items can be traded in new ways through tokenization. Tokenized vintage items such as luxury watches and classic cars increase in value as the years go by, promising buyers a form of capital gain. The marketplace offers buyers an option to amortize these NFTs later on, trading the token with the physical item at a dedicated time and place. Each of the income gain and capital gain models addresses the needs of both sellers who want to keep the physical assets on-hand and those who want to sell them. Live Streaming Platform The live streaming platform will launch an application that implements a blockchain-based tipping system, developed in collaboration with the hologram image engineers of the famous Japanese virtual character “Hatsune Miku.” While users of other NFT marketplaces have limited options for making their products stand out, TSURUGI Finance users will be able to promote products through live streaming. Sellers on the NFT marketplace can partner with famous live hosts to promote their products to a larger audience. Live hosts, on the other hand, can earn money from the live session and the promotion. In the future, the streaming platform will be equipped with recording functions, allowing live hosts to tokenize their live videos and sell them on the NFT marketplace. Additionally, live hosts can also tokenize themselves, letting the buyers hold a portion of the profit they make through live streamings. There are endless possibilities that may be done within the TSURUGI Finance economy. TSURUGI Finance’s strength is that it deploys three platforms simultaneously; the growth of any one of the platforms will accelerate the growth of the entire TSURUGI Finance economy. Decentralized technology, however, while benefiting many people, still has certain vulnerabilities that need to be addressed. Within a decentralized economy, each individual holds power over their assets, but this requires the asset holder to secure their own secret keys and passwords that are tied to their digital wallets. In order to alleviate some of these drawbacks, the Digital Asset Management Foundation has been established to support TSURUGI Finance in its operation. The four main roles of the foundation are as follows. Management and preservation of assets Appraisal of the authenticity of items Listing items on behalf of clients Security service TSURUGI Finance leverages the strengths of decentralized technology while addressing its drawbacks. A good example of this can be seen in the foundation’s original security service, “Password Bank”. Password Bank is a completely new security service that utilizes secret sharing schemes. The drawback of conventional decentralized wallets is that it becomes impossible to retrieve the assets if the password is lost or the holder passes away. Password Bank makes it possible to recover passwords through authentication by two or more people approved by the holder. In other words, even if there is a problem such as losing the password, the assets stored in the decentralized wallet can be recovered. The Password Bank technology will be implemented in all TSURUGI Finance businesses, with prospects to be deployed in governments, financial institutions, and large corporations around the world. It is believed that such technologies will provide an important value as the general public starts to join the crypto markets. In the upcoming future, TSURUGI Finance plans to create a metaverse where real individuals and actual assets fuse with virtual occupation and characters. As large enterprises slowly seek to enter the metaverse market, TSURUGI Finance is expected to become one of the pioneers of the field. TSURUGI Finance is a financial innovation that is expected to grow in the future through the use of new technologies and service developments.

A headache for Bitcoin bulls is compounded by a raging U.S. dollar, as investors sit on the fence over which way the market will go.