Following a successful launch in 2020 ClinTex has been developing CTi-OEM, a blockchain app focused on using data analytics to enhance operational efficiency in clinical trials.
Due to the success of the CTi presale (in which the soft-cap target was achieved) and the swift development of the platform, ClinTex chose not to go ahead with the final stage of its IEO. Instead, the company chose to continue with a secure CTi token listing on top cryptocurrency exchange KuCoin and sustain the impressive momentum that the project had started to gather.
Since its listing on KuCoin both the project has seen significant growth. Humbled by the level of support that the project has gathered in a relatively short period, ClinTex has decided to reappropriate the tokens originally intended for the IEO into a uniquely rewarding staking program for all CTi token holders. The staking program offers CTi token holders an opportunity to earn higher rewards than typical staking programs.
CTi Token giveaway
Clintex will be giving away over $1 million USD in CTi tokens to its community through a unique staking program designed to offer maximum benefit to its participants. The program is an opportunity for participants to earn as much as 40% interest to participants for staking CTi tokens over three different staking options.
The staking program will see ClinTex distribute a total of 18.5 Million CTi tokens to participants from 1st April 2021 to September 30th, when the first app is due for release. Because CTi is a single asset, participants of the program can earn high yield rewards by sending their CTi to the staking pool and will receive their stake and rewards after their staking time has elapsed.
Staking And Rewards
There are three options for CTi token staking, one month, three months or 5 months: with the highest interest rewards going to the longest staking term. One month stakers will be rewarded with 6% returns, a three-month stake offers a sizable 21% return and 5-month stakers will get a massive 40% return on their CTi tokens. For example, a 5-month stake of 1000 tokens would yield a 1,400 CTi return.
Token stakers will also have the option to increase their staking rewards even further with ‘Compound Staking’, an added benefit that allows for an additional staking period after the initial staking time has elapsed.
Anyone staking 1,000 CTi for 30 days will earn a return of 1,060 CTi but if they were to stake for an additional 30 days they would earn additional interest on the first months profits, increasing their rate of 6% to 12.36% and receiving a more substantial 1,236 CTi in the process.
Start Staking Now
Anyone can take part in the CTi staking program for the next 6 months, which is set to end at the same time as the launch of the first CTi app. Staking has now launched on the ClinTex website. Interested parties will require a web3 cryptocurrency wallet such as Metamask to take part in the program
Clintex: A Blockchain Solution For Clinical Trials
ClinTex is a scalable blockchain platform built for clinical trials, to serve as a single source of truth for the clinical trial and pharma ecosystem and designed for wide adoption by the stakeholders of the ecosystem.
In recent years the standards in the clinical trials industry have fallen, with hugely inflated costs and massive trial delays becoming the norm. The average cost of getting a new drug on the market today is an eye-watering $2.5 billion, and some trials can take as long as 10 years to be approved.
Distributed ledger technology has the potential to revolutionise the clinical trials industry and solve these growing issues. ClinTex stands head and shoulders from its peers with its fully scalable blockchain platform for the development of real-world clinical trials.
ClinTex will be the first company to deliver real-world solutions in the clinical trial industry with blockchain technology and AI, integrated with clinical data sources to make a positive lasting impact on a global issue.
ClinTex staking program represents a great opportunity to be involved in a potential industry-changing shift and is also a potentially rare investment opportunity for CTi holders. Join the CTi staking program to start earning up to 40% rewards for a 5-month stake.
Media Contact Details
Contact Name: Bitcoin PR Buzz Press Team
Contact Email: [email protected]
Learn more about ClinTex — https://twitter.com/ClinTexCTi
Buy CTi on KuCoin — https://trade.kucoin.com/CTI-USDT
Read about ClinTex on Medium — https://medium.com/@clintexcti
Learn more about CTi Staking — https://clintex.io/stake
Follow ClinTex on Twitter — https://twitter.com/ClinTexCTi
Join the community on Telegram — https://t.me/ClinTexCTi
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ClinTex is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Disclaimer: This article is a paid post and must not be considered as news/advice.
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Coinbase Pro Lists Tether as USDT Supply Approaches 50 Billion
In an announcement on April 23, Coinbase Pro stated that it had enabled trading for the Tether stablecoin. The move is huge news as previously the leading exchange would only support its own native stablecoin, USDC.
The announcement added that support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of New York State. The only version of USDT available will be the Ethereum ERC-20 standard.
Trading will begin on or after 6 PM Pacific Time Monday, April 26, if liquidity conditions are met, it added. The following pairs will be available: BTC/USDT, ETH/USDT, USDT/EUR, USDT/GBP, USDT/USD, and USDT/USDC.
Tether is not available on the regular Coinbase exchange yet and is limited to the Pro version which is more suited to professional and institutional traders.
Starting today, inbound transfers for USDT are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 6PM PT on Monday April 26 , if liquidity conditions are met. https://t.co/F5o73g8o4v
— Coinbase Pro (@CoinbasePro) April 22, 2021
Tether Supply Surges
The move comes as Tether’s circulating supply approaches a milestone all-time high of 50 billion. According to the Tether Transparency report, there are currently 49.58 billion USDT in circulation.
Of that total, almost half of it, or 24.4 billion is based on Ethereum while the majority of the remainder, almost 26 billion is circulating on the Tron network.
Since the beginning of 2021, the total supply of Tether has increased by 137% outlining the surge in demand for stablecoins in DeFi related activities.
Comparatively, there is currently 13.4 billion USDC in circulation according to the company that owns it, Circle. It has had an even greater increase this year with 244% since January 1.
The third-largest stablecoin is Binance USD which currently has a circulation of 7 billion according to Coingecko. The surge in supply for BUSD this year has been even greater at over 600%, largely driven by Binance Smart Chain and DeFi yield farms on PancakeSwap.
Crypto Market Correction Deepens
Cryptocurrency markets are currently correcting hard with a decline in total market capitalization of 20% from its all-time high of $2.3 trillion on April 16. Over the past 24 hours, $280 billion has left the space as Bitcoin and its brethren continue to pull back.
According to Coingecko, BTC prices have slumped 9.4% on the day dropping below $50K for the first time since March 7. It has now formed a lower low since the previous correction which could be a sign of a major trend reversal.
ORBS Is Now Accessible on Binance Smart Chain Via AnySwap
[PRESS RELEASE – Please Read Disclaimer]
The ORBS token is now accessible via the Binance Smart Chain. Hodlers can swap tokens to and from the Ethereum network. Exploring this additional blockchain allows Orbs to leverage BSC’s potential for speed, low costs, and DeFi purposes.
This integration of ORBS onto Binance Smart Chain is made possible through the cross-chain bridge developed by Multichain.XYZ – a platform co-developed by Anyswap and Andre Cronje. By integrating this functionality, holders can now move ORBS to and from the Ethereum and BSC networks at their own leisure.
Given the potential for BSC in the DeFi space, support on this blockchain can unlock new use cases for Orbs. As BSC is home to near-daily launches of new projects, products, and services, it is one of the more exciting blockchains in the industry today. It has a competitive edge over Ethereum – which remains the main ecosystem for DeFi – by providing faster transactions at a much lower cost.
“While the Ethereum ecosystem is leading the pack in terms of DeFi activity and public interest, in the last couple of months we are seeing more and more DeFi alternatives growing on BSC. Says Orbs co-founder Tal Kol. “We knew we had to be part of the opportunities and innovations happening in the BSC ecosystem” he continued.
As more and more DeFi alternatives launch on BSC, it makes sense for the ORBS token to be interoperable. As Orbs is a prolific decentralized finance project with unique advantages and multiple upcoming projects under development, both ecosystems will benefit from this compatibility. With the help of cross-chain bridges – such as multichain-xyz – the DeFi ecosystem can continue to grow and evolve into more encompassing solutions.
Moreover, Orbs and the Binance exchange strengthened their partnership in January to promote ongoing innovation in the world of decentralized finance. They were the first core sponsors of the DeFi.org accelerator bootstrapping new projects and DeFi protocols.
Other projects being worked on by Orbs include Liquidity NEXUS – to bridge the gap between CeFi and DeFi – and the Orbs DeFi Portal – an aggregation service for information regarding Orbs and decentralized finance. There is also the Orbs DeFi Grant Program which aims to foster ongoing growth among contributors developing the network and ecosystem.
Orbs is a public blockchain infrastructure designed for mass usage applications – offering developers a proper mix of performance, cost, security and ease of use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs Now Bridged to Binance Smart Chain (BSC) with Anyswap
Blockchain company Orbs said it is now available to trade on Binance Smart Chain (BSC). The move is yet another milestone in Orbs’ efforts to build bridges between complementary blockchains that will eventually bridge ORBS to multiple ecosystems.
With the release of this feature, ORBS holders will be able to leverage their tokens to participate in DeFi applications on the Binance network. At the same time, they tap into Binance’s ever-growing ecosystem that allows for cheap transactions and high scalability.
The BSC integration is also another step in growing token liquidity across multiple chains, while also preparing for the ability of other assets to live on the Orbs network.
ORBS, which has some $272 million in liquidity and around $1 million in 24-hour volume, was formerly only hosted on the Ethereum blockchain, which is currently suffering under increasingly high gas fees.
To kick-start this integration, Orbs is utilizing the cross-chain bridge infrastructure developed by multichain.xyz, which makes applications compatible with new and legacy systems. Effective today, ORBS tokens can be swapped from the Ethereum mainnet to the BSC mainnet and back.
Once the swap is complete, the ORBS token will be visible in the Binance Wallet connected to the service. From there, users can trade, swap, and interact with the associated token as they would with any supported asset in the Binance Chain.
The rapid rise of the Ethereum-based DeFi ecosystem has fueled the migration of many relevant applications to alternative blockchains. The trend has accelerated after the expensive gas fee on the Ethereum network has limited functionality and made many defi protocols barely usable.
Is BSC the Ethereum killer?
As the Defi ecosystem continues its boom, Ethereum seems to be losing its market to Binance Smart Chain (BSC). Binance’s native blockchain has become the go-to alternative for many traders, onboarding millions of users at an eye-watering pace.
As a result of BSC’s rising popularity, BNB token price has skyrocketed to become the world’s third biggest cryptocurrency, trailing only behind Bitcoin and Ether. Trading volume on Binance’s network has also outpaced that of Ethereum, a clear shift of the market to the new chain.
For Orbs, the main motivating factor for integrating Binance Chain is to give users new ways to use ORBS on various DeFi applications within the nascent ecosystem.
Orbs’ vision is to convert real-life businesses to blockchain at scale by turning the trust-enabling technology into mass-usage applications for many sectors.
The Israeli blockchain garnered attention earlier this year after partnering with Binance to fund a recently launched accelerator for decentralized finance innovation.
Named ‘DeFi.org,’ the incubator reviews submitted applications, even anonymous ones, and the one that fulfills requirements and receives approval gets the accelerator’s assistance.
Successful applicants receive many benefits and incentives including mentorship, funding from scratch and exposure to the DeFi community.
Upon receiving approval, they also get a “special consideration” if they apply to take part in Binance’s seed fund for Bridging DeFi and CeFi. In line with the sponsorship, Orbs also provides startups with a grant under the company’s Grant Program.
Meanwhile, Orbs has recently introduced a new liquidity-as-a-service application that makes access to defi easier for professional investors. Dubbed ‘Liquidity Nexus,’ the application provides a massive source of new liquidity for interested defi projects.
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