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AMPL Extends Yield Farming Incentives On Uniswap

Ampleforth’s AMPL extends yield farming incentives on Uniswap and the new liquidity incentive could send AMPL to the moon again as we are reading more in our altcoin news today. In a boost to AMPL farmer, the foundation announced a fresh yield farming scheme that is scheduled to go live next week. The first incentive […]

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Ampleforth’s AMPL extends yield farming incentives on Uniswap and the new liquidity incentive could send AMPL to the moon again as we are reading more in our altcoin news today.

In a boost to AMPL farmer, the foundation announced a fresh yield farming scheme that is scheduled to go live next week. The first incentive caused a huge rise in AMPL’s valuation and this one could to the same. Ampleforth’s Geyser and Beehive incentives will incentivize AMPL liquidity on Uniswap that will continue until early December as the project announced a day ago.

AMPL Daily price
AMPL 24-Hour Price Chart (Source: Coingecko)

Beehive 2.0 will start on September 10 for 90 days and one percent of AMPL’s supply or 4.95 million tokens have been therefore allocated by the Ampleforth Foundation. When the initial liquidity mining program started in June, it caused a rush of demand for the token and since then the market cap expanded from $21 million to $658 million.

Liquidity mining incentives for Ampleforth have increased from 12.47% of the supply to 23.47% of the total supply. This move is a response to the criticism that the project received for what some others claimed to be an unfair token distribution. AMPL extends its yield farming incentives and the newly announced decision to build financial infrastructure will support elastic tokens such as this one. The automated market maker derivatives platform and money market are in preparation as well. The remaining funds set aside for incentives will be directed to the building liquidity on each of the platforms.

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AMPL weekly price
AMPL 7-Day Price Chart (Source: Coingecko)

Due to Ampleforth’s rebasing system, it means that everyone that bought AMPL a month ago got a 5000% return on their investment. Some even believe that the asset has plenty of room to go up. Ampleforth is not an average stablecoin as its protocol uses a rebasing system that changes the circulating supply every day in both directions to try and stabilize the price around the dollar, as per the website’s explanations:

 “The AMPL protocol automatically adjusts supply in response to demand. When price is high, wallet balances increase. When price is low, wallet balances decrease.”

After spiking at the end of July, Ethereum’s Ampleforth suffered a huge correction. Since its previous highs, the price of the coin dropped around 70 percent and its market cap collapsed by more than 50%

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/altcoin-news/ampl-extends-yield-farming-incentives-on-uniswap/

Blockchain

Santiment Reveals Top 10 Ethereum Projects by Developer Activity

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Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated.

The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.

The research focused solely on pure ERC-20 projects that are currently committed to developing on Ethereum. It has used 30-day Github activity to track development status and action.

The Ethereum Project Top Ten

At the top of the list for developer activity in February is the decentralized prediction market platform Gnosis. Despite a 28% slide in GNO token prices for the second half of the month, the Gnosis team has been busy working on the product.

Gnosis launched on the xDai Ethereum sidechain, joined the Open DeFi alliance, and launched a new collaborative grants initiative for Gnosis Safe Apps last month.

Status was the second most developed Ethereum based project with a number of updates for the open source mobile dApp browser and messenger. SNT prices hit a three-year high of $0.125 in February.

Virtual metaverse and NFT protocol Decentraland was third in the list of developer activity with a number of features introduced to improve user experiences.

DeFi synthetic asset protocol UMA came in fourth with two main focuses for the month; getting some major protocols out the door, and there was a collaboration with BadgerDAO.

Coming in at number five for developer action was Chainlink which announced the official mainnet launch of Off-Chain Reporting (OCR). This significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90%, it added.

“The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.”

DeFi Dominates

These were the five most developed platforms in the Ethereum ecosystem for February 2021, and they were dominated by DeFi.

Also featuring in the top ten list was Skale Network, a decentralized modular cloud for running Ethereum-based dApps. MakerDAO, which is consistently in the top ten for development, was in seventh place.

Decentralized data exchange protocol Ocean, computing sharing economy Golem, and analytics platform Santiment itself rounded out the top ten.

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Source: https://cryptopotato.com/santiment-reveals-top-10-ethereum-projects-by-developer-activity/

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Blockchain in Sports Betting

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Wanna enter the Sports betting industry? Are you worried about the transactional data, security and entry charges?

Just relax and lean on to your chair. The amazing features of blockchain technology have reshaped the sports betting industry. It enhances safe and secure transactions as it is an open source decentralized network.

Basically, blockchain offers tremendous features like transparency, fast payouts, speedy transactions, independent in nature, etc. The most effective feature is the player’s account will not be restricted or blocked either personally or professionally  due to extreme winnings.

Blockchain is the most prominent technology ruling today’s betting industry. It’s advancement in the sports industry has laid a pavement for its enormous growth in recent times.

To get detailed information, checkout the following Infographic developed by WinBTC.net in Partnership with MrBet.me.uk.

Blockchain In Sports Betting Infographic
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Blockchain

Libra Coin – A New Digital Currency Developed by FACEBOOK

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Libra, Let’s get started:

Technology has improved the world around us, it is easy to send text, pictures, and documents but why not money.
What if we made the money truly global, stable, and secure. What if everyone has invited to the Global economy with access to the same financial opportunities.
This thought laid a pavement for Introducing LIBRA a new global currency designed for the digital world, backed by the belief that money should be fast for everyone from any corner of the world.
Its powered by Blockchain, making it safe, accessible, no matter who you are and where you’re from.
Join the world of LibraCoin where money works for everyone.

Check out the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by WinBTC.net.

libra

 

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