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.
Bitcoin: Here’s the ‘ticking time bomb’ traders should be aware of
Despite Bitcoin oscillating around the $40,000-mark over the last 48 hours, the outflow of BTC from exchanges continued its downward trend. Over the week, exchange balances have continued to decline to hit a new multi-year low of 13.0% of circulating supply. This pushes exchange balances to levels last seen in February 2018.
While the aforementioned outflow trend has continued to surprise, it has also been interesting to see how Bitcoin outflows played out differently for different exchanges and what affected this behavioral difference.
This article will delve into how differing sentiments and external and geographical factors played out during outflows from some of the top exchanges.
More and more outflows
According to a recent Glassnode report, there appears to be more demand for coins accumulated from exchange balances. In fact, the previous week saw a deeply negative (outflows) exchange net-flow reading, with BTC outflows happening at a rate of – 92k BTC/month.
Notably, both exchange balance and exchange net-flow balance highlighted that the market has clearly shifted its paradigm after March 2020. From a regime of net exchange inflow dominance to outflow dominance.
Comparative performance of exchanges
While outflows have been constant across the market, external factors have influenced how exchanges across the spectrum behaved. A characteristic behavior was noted in two cohorts of exchanges –
The first cohort of exchanges included Bittrex, Bitfinex, Kraken, Gemini, and Binance. On the contrary, the second included Bitstamp, OKEx, Huobi, and Coinbase.
The first cohort of exchanges demonstrated characteristic inflows and balance growth for most of 2020 and 2021, reflecting a rising dominance in coin holdings.
Binance and Gemini were the primary recipients of this cohort. Post the May sell-offs, balances across this exchange group plateaued and saw modest coin outflows.
On the other hand, the second cohort of exchange saw constant outflows since March 2020. In fact, this has actually accelerated in recent weeks.
Further, the net balance across exchanges has continued to decline as the inflows observed in May were absorbed by the market and moved to investor wallets.
Exchange balance serves as an important metric to gauge traders’ sentiments for the underlying asset. In the case of Coinbase, it’s a hint at its traders’ intention to hold BTC instead of selling it.
Notably, the amount of Bitcoin held in Coinbase Pro’s vaults dropped by 28,843.87 BTC over the last month.
On the other hand, modest outflows from Binance were indicative of the skepticism holders have for BTC’s price. Also, since Binance caters to a more global audience, it can play a part in this trend. The rising Bitcoin balances on Binance were suggestive of its users thinking about selling BTC, the opposite of the trend seen on Coinbase.
In hindsight, it can be noted that on Binance, the Bitcoin balance spiked from 199,700 BTC on 20 April to 347,590 BTC on 26 June – More than 1.5x. During that time, Bitcoin’s price dropped from over $65k to below $30k.
Thus, if the price doesn’t recover soon and outflows don’t dominate on Binance again, the rise in balances could prove to be a ticking time bomb.
Where to Invest?
Subscribe to our newsletter
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Dimitra (DMTR) Listed On Kucoin
Dear Dimitra Community, We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging […]
Dear Dimitra Community,
We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging and established altcoins.
KuCoin is the first exchange to list $DMTR. This listing, to be followed by other centralized and decentralized listings, will facilitate and accelerate Dimitra’s goal of democratizing agriculture technology for farmers globally.
The Dimitra $DMTR token will be available for deposit initially with the DMTR/USDT trading pair.
– Deposits will open at 11:00am UTC on September 21, 2021
– Trading will start at 09:00am UTC on September 22, 2021
All trading execution is done through the official website at www.kucoin.com or within the KuCoin Android and iOS apps
Dimitra is grateful and fortunate to experience the growth of such an active and loyal community! We are looking forward to continuing to grow together.
📢 WORLD PREMIERE LISTING
🔹Deposit: now open (supported network: ERC-20)
🔹Trading: 09:00 am on September 22, 2021 (UTC)
🔹Withdrawal: 10:00 am on September 25, 2021 (UTC)
— KUCOIN (@kucoincom) September 21, 2021
Check out KuCoin’s listing announcement here: https://www.kucoin.com/news/en-dimitra-dmtr-gets-listed-on-kucoin-world-premiere?utm_source=twitterinfo
Dimitra (DMTR) is a blockchain platform that is democratizing the agricultural technology space for smallholder farmers globally. Dimitra provides access to the blockchain, machine learning, Internet of Things sensors, and Satellite Technology through a mobile platform that helps farmers globally increase their yield, reduce costs and mitigate risks. Current farming practices are not sustainable; creating an evolution of practices will contribute to solving some of today’s largest issues for farmers. Issues like poverty, hunger, global warming, carbon emissions, freshwater, and soil preservation are all impacted by the adoption of Dimitra. Dimitra’s platform provides utility by combining the crypto investment cycle with agricultural development practices within nations globally.
MiamiCoin Could Free Residents Of Tax Burden, Says Mayor
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures. ICYMI my interview on MiamiCoin w/ @FoxBusiness ✅The revolutionary concept of @mineCityCoins ✅Understanding how it’s generated $5M+ for the City ✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw — Mayor Francis Suarez (@FrancisSuarez) September […]
The post MiamiCoin Could Free Residents Of Tax Burden, Says Mayor appeared first on CryptoCoin.News.
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures.
ICYMI my interview on MiamiCoin w/ @FoxBusiness
✅The revolutionary concept of @mineCityCoins
✅Understanding how it’s generated $5M+ for the City
✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw
— Mayor Francis Suarez (@FrancisSuarez) September 20, 2021
MiamiCoin earns 2,000 USD every 10 minutes for the city
In February, Miami mayor Francis Suarez made first advancements to transform the city into a cryptocurrency hub. His plans were further cemented when the municipal cryptocurrency MiamiCoin launched last month with 30% of all mined coins going directly to the city.
In a recent interview with Fox Business, Suarez confirmed that the city receives roughly 2,000 USD every 10 minutes though MiamiCoin. Annualized, this transfers to a revenue of over 100 million USD, although Suarez has been more careful, estimating a yearly revenue of 60 million USD. The money is earmarked for specific projects, such as funding for underprivileged communities, crypto education, and climate change mitigation.
Crypto could revolutionize government funding, says Francis Suarez
In his interview, Suarez stated that MiamiCoin could theoretically abolish Miami’s already low tax burden altogether:
It’s interesting because it’s not an involuntary tax and it’s not philanthropy. It’s something that is completely different and could revolutionize the way governments are funded in the future.
It is still a long way to go for that though. In 2015, the City of Miami recorded a total tax revenue of roughly 240 million USD. Yet, the move towards municipal coins is a very natural development.
Using cryptographic tokens as a funding vehicle for developing DeFi platforms and other decentralized applications is a tested method and has specially made great advancements over the last year. It should be only a matter of time until this method will be tried on a municipal, or even nationwide scale.
Coinsmart. Beste Bitcoin-Börse in Europa
Over 40 days after Ethereum’s EIP-1559, here’s where it stands
Cardano Sees an Influx in Smart Contracts ! But There’s a Twist
After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius
NBA 2K22 Limitless Spot-Up and Chef Badges Explained
What is The Old Gym in NBA 2K22 Next Gen?
Best Dribble Pull-Up in NBA 2K22: Which to Use
Matic Price to hit $1.75 in the next leg up! Launch on Bitfinex to be the Catalyst?
NFTs Are the Building Blocks of the Metaverse — Here’s How It’s Being Built
EY Taps Polygon Network to Improve Enterprise Clients’ Experience
Shiba Inu (SHIB) Rises to Range High
Flux Pools autoriza o pagamento de ativos paralelos em mais de 300K Flux!
The Head of Diem wants you to trust Facebook, but is he fighting a losing battle?
XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC
All you need to know about MATIC before investing
EY Integrates with Polygon Protocol: Advances NFT Issuance
Shiba Inu’s days in the sun may be over; here’s why
Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible
PetPals, One Of The First Play-To-Earn NFT Web-Based Games Is Out Now
Solana (SOL) outperformed top 10 cryptos with $50 million in institutional inflows last week
EOS: Why there’s a question mark attached to its long-term trajectory
Uncategorized1 week ago
Fortnite says goodbye to season 7 with an alien ship, explosions, and a cliffhanger
Blockchain1 week ago
SBI-acquired TaoTao exchange in Japan relists XRP
Uncategorized1 week ago
The best rookies in NBA 2K22
Uncategorized1 week ago
All Maps in Battlefield 2042
Uncategorized1 week ago
Natus Vincere wins ESL Pro League Season 14
Blockchain1 week ago
The Intriguing Stories Behind The Names Of Bitcoin, Ethereum, and Cardano
News1 week ago
Bitcoin and other crypto scams tied to human trafficking in Asia
Uncategorized6 days ago
Wicked Craniums are now Nifty Gateway!