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A blockchain project 4JNET gained huge attention long before the launch is broadcast live. 4JNET which is referred to as the “Pinnacle of Fairness” in today’s DeFi industry has opened door to the crypto community by introducing its first offering, the 4JNET DEX. It accompanies the fair launch of the project’s native 4JNET tokens enabling the enthusiastic community to start trading against BNB, with support for other cryptocurrencies in the pipeline. Community Response Many Defi projects are supposed to qualify on the principles of openness, transparency and fairness unfortunately not every project follows the principles. Following the launch, the project received a great response as community members actively participated in 4JNET/BNB trades. The price of tokens is rapidly increased by 388% within a couple of hours, signifying the potential for growth in the near future. The DEX Introducing the DEX is the first step of the 4JNET team towards forming a robust ecosystem. The project is actively working on creating its Metaverse system which approximately launch on February 2022. NFT solution is the key of Metaverse it allows starting with NFT minting, marketplace, currency and NFT swaps, deposit and withdrawal of digital assets and a lot more to create an end-to-end ecosystem. NFTs in 4JNET Non-fungible Tokens (NFTs) play a prominent role in the 4JNET ecosystem, starting with the unique token distribution model which involved the early sale of 5000 limited edition NFTs to the community. The NFTs, referred to as 4Jpass are more than just a digital representation of some art. It is a full-fledged financial instrument that plays a crucial role in the development and expansion of the 4JNET ecosystem. The 4Jpass holders are the important stakeholders of the project. They are not only receiving a 30% share of the 4JNET tokens but also possess authority in the upcoming Metaverse system. The 4Jpass holders, by registering their identity gain permission for setting competence on the metaverse and participate in transactions without any upper limits. The NFT holders also enjoy discounted fees throughout the ecosystem. 4JNET Fair Launch The tokenomics of 4JNET makes it stand apart from the rest, also makes the tokens more valuable than its peers. With the project development team having no stake in the ecosystem, a total of 200 billion tokens is distributed among the community over a period of time. 4JNET will distribute 50% of the entire supply to LP, 30% to NFT holders and another 10% through airdrops while the remaining 10% will be burned to regulate the supply. The token distribution combined with an initial handling fee of 90% on transactions which gradually reduced to 10% over a short time. Additionally, it ensures everyone gets an advantage in terms of price whether one entering early or late. Further adding to its fairness, the project holds a valid MSB license and has undergone a thorough security audit by CertiK, a reputable blockchain security solutions company. The Community Always Comes First for 4JNET 4JNET is the result of a collective effort by a group of developers and other domain experts from some of the leading tech MNCs in the world. As they turn their vision of a fair and just DeFi platform a reality, they are supported by a strong community that also shares their principles. A combination of the solid roadmap, strong tokenomics and a highly capable team has undoubtedly made 4JNET is a project with huge growth potential. These factors have made 4JNET tokens and NFTs are the most sought-after digital assets. It has created a huge demand among crypto investors wishing to grab a share of the project tokens as early as possible. While it is a great thing for the project as it further increases its chance of becoming a gamechanger in today’s DeFi and Metaverse industry, it has also led to a few unscrupulous actors trying to take advantage of the situation. Recently, a group of such actors impersonating 4JNet developers defrauded the community of over $100,000 by creating a fake 4JNET token and selling it on PancakeSwap. They later burnt the LP, leaving a group of trusted investors poorer. While the 4JNET team didn’t have anything to do with it, they decided that it is ethical for them to compensate these victims by initiating appropriate actions. Once notified about the unfortunate incident, the 4JNET team has decided to raise a request for the fraud account to be frozen. It is also working on the possibility of getting refunds for the victims through BSCscan – the leading BSC validator to minimize their losses. A Warning to 4JNET Investors Considering the recent fraud where the fraudster(s) sent their personal wallet address over Telegram and SNS to trick investors into sending funds for project tokens, a 4JNET team representative said, “The 4JNET team will do everything possible to avoid the recurrence of this incident and reiterate that the 4JNET team will not ask investors to pay in their own name. I hereby warn you that all the information is based on the official website and official Telegram. The group shall prevail.” Crypto investors and community members are requested to verify all the information through official sources before making any transactions. It will help safeguard themselves from falling victims to such frauds, which unfortunately is quite prevalent. The contact address for 4JNET and 4Jpass NFTs is listed prominently on the project’s website 4JNET Contract: 0xbfb1a68962Fb4ED040FD3a0a71dC2C2015BCc667 4Jpass NFT Contract: 0xc942CEee2D86E3e066Ac1f97044E911ced2fe314 If in doubt, the community members are requested to reach out to the team over Telegram or email to verify the authenticity of any messages regarding 4JNET. Buy 4JNET token at – https://www.4j.net/en/exchange
I've started to explore with the etherscan API and noticed something that made me curious: why was there 0 transactions on the mainnet in the first 46146 blocks? Link to the block with the first ethereum tx ever: https://etherscan.io/block/46147 . Was this a testing period or something? I know of course that ethereum wasn't as…
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ETFs have been trading in the United States, Canada, and some other countries for a while now. These ETFs have made strides so far with high volumes traded in throughout their existence in the market. However, none of these ETFs have offered mostly dividends to their investors. An asset management firm in Canada has now made history as the first to offer a monthly yield to those invested in its ETF. Edging Towards The Future Purpose Investment has first made headlines in February when it created the first North American ETF that tracks the price of Bitcoin. This time around, the investment firm has made another stride in becoming the first to launch an ETF that pays monthly yields to investment. This puts Canada at the front of the race when it comes to crypto ETFs and the purposes which they serve. Related Reading | Market Analysts Explain Why This Correction Is Good For Bitcoin The Bitcoin and Ethereum ETF will offer investors monthly yields using a derivatives-based covered call strategy. Like the ETFs, the strategy is another first of its kind in the crypto market. The annual yield of the ETFs is also attractive according to estimates. Market experts explained that although there is no way to guarantee what the amount would be each month, it is expected to be the equivalent of 8% to 10% annual yield, with 1.10% going to the firm as a management fee. BTC trending south of $57K | Source: BTCUSD on TradingView.com Canada is ahead of the U.S. in the ETFs market and currently has approved Ethereum ETFs whereas the latter is still yet to approve its first Ethereum ETF. Both Bitcoin and Ethereum ETFs offered by Purpose Investment will pay out similar yields and are classified as income in non-registered accounts. ETFs Making Waves ETFs have offered investors a way to get exposure to the cryptocurrency market without having to purchase any of the digital assets themselves. The anticipation for their approval shone through with the first-ever Bitcoin ETF approved in the United States, the ProShares Bitcoin Futures ETF, which saw over $1 billion in trading volume after the first day. Related Reading | Over 1 Milllion ETH Has Been Burned Since Ethereum EIP-1559 ETFs, however, do not shield investors from the highly volatile nature of the market. For the Purpose Investment ETFs, investors are shielded to a certain extent by these fluctuations. They will enjoy the benefits of monthly yields, but will also see limited capital gains compared to those who do not for this reason. “Given the connection between the volatility of the underlying asset and premiums, covered call strategies on cryptocurrencies offer unique exposure to a unique asset class, providing investors a high yield without sacrificing significant price participation.” – Vlad Taveski, COO & Head Of Product, Purpose Investments Tasevki told “Yahoo Finance Canada” that investors are allowed to choose if they wish to earn these monthly yields on their investors. It is a way to generate short-term income using covered calls on assets which they believe in. Featured image from Investment U, chart from TradingView.com
Hello everyone, as the title says, why? Is it because Eth is an excellent place to build decentralized applications? Is it because anyone can build their own decentralized contracts and applications giving way to transaction formats and state transition functions? Or is it because Ethereum is not a closed-ended, single-purpose protocol and then it opens…
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What are the existing ZK Rollup solutions/projects for ETH and when will they be ready for prime time? I only know about Loopring – which seems promising. submitted by /u/tjl868 [link] [comments]
The price of ZEC surged to $243.84 following Silbert’s announcement, but has still fallen more than 20% since reaching a six-month high of more than $300 on Nov. 25.
Okay bare with me! So me and the bf have been buying NFTs. We bought Eth and bridged it to weth. Not a problem but each time we do this it's costing us a fortune in gas fees. Is there a cheaper easier way to bridge? We know you can swap it on sites like…
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India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper house of India’s parliament. Indian Government Pushing New Crypto Bill Finance Minister Nirmala […]
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