Connect with us
[crypto-donation-box]

Blockchain

SuperFarm Launches NFT Farming: Benefits For $Super Holders

Republished by Plato

Published

on

SuperFarm has announced the launch of new core functionality NFT farming which empowers $SUPER holders and partner projects to leverage their tokens in a non-inflationary way. This launch turned SuperFarm into a new era.

The platform SuperFarm is designed to offer a cross-chain NFT farming platform that makes non-fungible tokens (NFTs) more accessible and easier to get to grips with.

With SuperFarm, anyone is able to set up their own NFTs and NFT farms without any coding knowledge required.

The platform is where users not only can purchase NFTs with points generated by farming and create their own unique NFTs, but also help to break down the technical challenges that typically come with digital collectibles.

A few days ago, the platform has launched the claim portal and native launchpad SuperStarter, helping it to maintain the fast pace of delivering its product suite.

The NFT Farming is going to live now promises to the SuperFarm community another key piece that will bring powerful utility to the $Super token.

in addition, SuperFarm’s unique tech stack will allow partner projects to use the SuperFarm platform to turn their native token into NFT farms, which is also promised to bring attractive utility to both the project’s and SuperFarm’s communities.

Farming Genesis Series NFTs with SUPER Tokens

To mark this significant milestone, the SuperFarm platform now allows SUPER holders to deploy their tokens and get started with NFT farming.

By staking $SUPER tokens and accruing points on a block-by-block basis based on a proportional share of the total pool, users will be able to redeem these points for SuperFarm Genesis Series NFTs. Unredeemed points will have additional utility in the future.

SuperFarm Merges DeFi and NFTs in New Innovative Ways

The blockchain industry has seen exciting innovations and new applications in both the NFT space and the DeFi landscape.

With the launch of NFT farming on SuperFarm, the platform has made an entirely new level of utility and gamification to the NFT and DeFi world.

NFT farming gives a project’s community an exciting opportunity to get rewards in a non-inflationary way which protects token holders from being “inflated away.”

Also, SuperFarm provides projects endless possibilities to add unique NFT properties and utility by allowing Farmed NFTs to come in different shapes and forms.

Furthermore, projects are able to create a novel gamification aspect to their ecosystem in many creative ways. There is no limit to what can be accomplished with NFT farming.

This Is Just the Beginning

The $Super farm is just the beginning, the platform claimed that multi-asset LP farms including a SUPER/ETH farm to reward liquidity providers will be come up soon.

In addition to giving priority access to drops and enabling farming boosts, the platform promises that users will be received special in-game utility in upcoming SUPERVERSE games on Genesis Series NFTs.

SuperFarm is working on with several partner farms to give users a genuinely immersive and collaborative experience with NFT farming on SuperFarm.

More SuperFarm is Coming

SuperFarm is created by Elliot Wainman, also known as Ellio Trades. He is a famous crypto content creator, trader, and influencer with over 100,000 followers across YouTube and Twitter.

The platform is a cross-chain DeFi protocol allowing users to deploy crypto and NFT farm without code requirements.

The SUPER token is a major component of SuperFarm products. SUPER token holders help shape how the platform develops by voting on governance proposals in the SuperFarm network. Users will need to stake 100,000 SUPER to create their farm that ensures only high-quality farms are launched.

1,031

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockonomi.com/superfarm-launches-nft-farming/

Blockchain

Grayscale to Unlock 16,000 Bitcoin Shares on July 19

Grayscale Bitcoin shares

Rate this post Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market.  The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM). Grayscale Bitcoin Shares Unlock Could Raise Price Volatility GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price. Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase. A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million. Selling Pressures to Stabilize Paving the Road for Market Bulls Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards. Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future.  The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

The post Grayscale to Unlock 16,000 Bitcoin Shares on July 19 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

Published

on

Table of Contents

Rate this post

Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market. 

The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM).

Grayscale Bitcoin Shares Unlock Could Raise Price Volatility

GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price.

Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase.

A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million.

Selling Pressures to Stabilize Paving the Road for Market Bulls

Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards.

Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future. 

The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

READ  Grayscale Parent DCG Plans to Buy $250 million worth of Bitcoin Trust

#Bitcoin Prediction #GBTC Unlock #Grayscale Bitcoin Trust (GBTC)

Source: https://www.cryptoknowmics.com/news/grayscale-to-unlock-16000-btc-shares-on-july-19/

Continue Reading

News

The World Economic Forum’s Cryptocurrency Guide Lists Its Choice Of “Winning” Projects

Avatar

Published

on

By

The World Economic Forum (WEF) has published its community paper on cryptocurrency. It contains information on getting started, exploring the blockchain, and so on. It also lists several cryptocurrencies that meet its scalability stamp of approval.

As an influential body, some have taken this to mean the WEF has selected its choice of winning cryptocurrency projects, which, if rumors are to be believed, will receive a significant push over the coming years.

The WEF See Cryptocurrency As Transformational

Various centralized authorities, and their representatives, have sent mixed messages surrounding cryptocurrency and its role in future society.

This includes ECB President Christine Lagarde, who earlier this year blasted Bitcoin’s “funny business” in facilitating money laundering, and U.S Treasury Secretary Janet Yellen, who pointed out Bitcoin’s limitations as a payment mechanism, and much like Lagarde, its use in illicit financing.

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”

Nonetheless, the Swiss-based international organization for public-private cooperation has signaled its approval of cryptocurrency via its latest guide. The 22-page report details practical guidance, for both individuals and corporate professionals, on transacting, dapps, governance systems, scalability, and consideration of regulations.

As cryptocurrencies transform how we trade, transact and interact online, it has become more important than ever for technology leaders to have experience with these innovations.

As expected, the report mentions the big two, Bitcoin and Ethereum, even dedicating an entire section to Ethereum to discuss its programmability and usefulness in facilitating technological innovation.

Along with that, in the throughput and scalability section, the report also lists six cryptocurrency projects with brief text on their ability to handle large volumes of transactions. They are Algorand, Cardano, Celo, XRPL, Solano, and Stellar.

The Great Reset

During covid times, the WEF has caught the attention of many truth seekers. They raise concerns over the WEF’s role in steering the world recovery.

Among the WEF’s predictions by 2030 is “you’ll own nothing. And you’ll be happy.

Some have described this future scenario as a centralized system of control and manipulation. Even a throwback to Medieval feudal society, which consisted of a bottom rung of the peasantry who were slaves to the landowners.

Reuters have fact-checked this “stated goal” and dismissed it because it was a reference to the trend towards the prevalence of renting over ownership.

“False. The World Economic Forum does not have a stated goal to have people ‘own nothing and be happy’ by 2030. Its Agenda 2030 framework outlines an aim to ensure all people have access to ownership and control over land and other forms of property.”

Either way, should investors take the WEF’s mention of Algorand, Cardano, Celo, XRPL, Solano, and Stellar as cryptocurrency projects to watch in the future?

Source: https://bitcoinist.com/the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects

Continue Reading

Blockchain

XRP, Cardano, AAVE Price Analysis: 14 June

Republished by Plato

Published

on

The last 12 hours have been favorable for all coins in the market. Even the total market capitalization was up by 8% at press time. Cardano was also boosted by the news of smart contracts now running on Alonzo. While Ripple continues its fight against the SEC, XRP posted gains. AAVE did not have much spotlight in terms of news for the moment.

XRP :-

Source: XRP/USD – TradingView

XRP’s slow recovery has led the coin to still remain short of its Jun ATH by 17% and trade at $0.875. For a while, the coin was rising well above $0.89, but after the repeated dips of June 4 & June 7, the coin broke it and flipped it into a resistance level. While this situation is temporary, investors have become extremely cautious.

At press time, bullish momentum could be observed building up according to Awesome Oscillator. The slight rise of green bars above 0 line exhibited optimism for the coin.

In the early hours of June 14, an uptrend had been initiated as per Parabolic SAR, since the white dotted line remained under the candlesticks. This was accompanied by MACD indicator that displayed a bullish crossover with the indicator line moving over the signal line.

Though indicators were calling for a price rise, the coin will still need a stronger push to turn the active resistance back into support.

Cardano [ ADA ] :-

Source: ADA/USD – TradingView

$1.38 has been acting as a strong resistance for ADA for a while now. Despite many falls, the coin did not drop below it. In the early hours of trade, the coin jumped by 9% in less than 16 hours. A similar movement could be observed on Relative Strength Index (RSI) as well. The purple indicator recovered from the oversold region it was on June 12 and moved above the neutral line with a slight dip observed at press time.

Capital inflows have not been quite as strong either according to Chaikin Money Flow. The indicator remained in the bearish-neutral territory at the time of writing. Bollinger Bands remained parallel to each other, with the basis (red line) acting as support.

Price could swing upward if the bands diverge in the next few hours, otherwise, the movement will stay sideways.

AAVE:-

Source: AAVE/USD – TradingView

AAVE had a surprising performance as the coin made a 17.36% jump in the last 24 hours as soon as it touched the $267 support level. Due to the fall in the past few days, a new temporary resistance was established at $346. If this rally isn’t short-lived, the coin could soon break past it as well. Simple Moving Averages lines remained bearish. Although the gap between the 50 SMA (orange) line and the candlesticks was closing in, there’s no immediate change in positions.

Accordingly, MACD exhibited a bullish crossover with the indicator line moving above the signal line. If the indicator continued to move this way, the market may continue to remain bullish.

For the while, AAVE will remain consolidated within the aforementioned support and resistance level.


Subscribe to our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/xrp-cardano-aave-price-analysis-14-june

Continue Reading
Blockchain3 days ago

Trouble Looms For Bitcoin As U.S Looks to Bar Holders From Converting Crypto To USD

Blockchain4 days ago

MT5 Will Phase Out MT4, but It Will Take Time

Blockchain3 days ago

LegendsOfCrypto Performance Update

Blockchain4 days ago

TrustDice Review: Features & Promotions

Blockchain3 days ago

XRP might hit this three-figure price mark; Here’s the when and the how

Blockchain5 days ago

Third-Party Results of Credits’ Blockchain Speed Test

Blockchain4 days ago

Kraken Reconsidering IPO

4 days ago

How to vote for Valorant Community Battlepass?

Blockchain3 days ago

FootballCoin launches Euro 2020 Fantasy game with NFTs and XFC prizes

Uncategorized4 days ago

How to Buy Hut 8 Mining Stock, Step by Step (with Screenshots)

Blockchain5 days ago

China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges

Blockchain4 days ago

U.S. Senator Warren Urged To Regulate Cryptocurrencies

Blockchain3 days ago

Turkey Intends to Craft Broader Cryptocurrency Regulations Rather Calling a Ban

Uncategorized4 days ago

Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

Blockchain4 days ago

1xBit announces EUROMANIA for EURO 2021

Uncategorized13 hours ago

Mark Cuban: DeFi could be the ‘next great growth engine’ for the US

Blockchain5 days ago

395,903 ETH Exit Coinbase, CryptoQuant Founder Points at OTC Deals

News1 day ago

Shiba Inu Drops Hard Below Critical Support Level

Blockchain4 days ago

Bitcoin Value Soars to $38,250 as Basel Committee Takes Note

Blockchain4 days ago

QTUM Technical Analysis: Price May Breakout Above $9.82

Trending