Today I’d like to tell you a story that I have recently stumbled upon when sharing some food at the dinner table with my friends. One of them, Dereck, was outraged that night. When I asked him what put him through such negative emotions, he told us about the $10 000 inheritance he received from...

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The brighter future of decentralized finance (DeFi) is here. DeFi has been one of the stunning technology changing the crypto ...

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Ethereum’s dominance in non-fungible tokens (NFTs) is declining due to high gas fees and excessive congestion, investment banking giant JPMorgan said in a report. In a note published last week, analysts led by Nikolaos Panigirtzoglou even highlighted that Ethereum’s NFT market share has already dropped to 80% from 95% at the beginning of 2021. The blockchain network could be specifically losing its NFT market share to rival Solana, which has been gaining massive traction over the last year. The bank cautioned that if Ethereum’s loss of NFT market share continues this year, it could be a bigger problem for its overall valuation. Another area of Ethereum’s falling dominance is in the decentralized finance (DeFi) sector. Last week, in a note to clients, analysts Nikolaos Panigirtzoglou, wrote: “It looks like, similar to DeFi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains.” Scaling is also required to maintain its dominance in the DeFi sector. According to the strategists, the final phase of the sharding won’t happen before 2023. With sharding being critical for scaling, this means full-blown scaling is at least a year away. In that period, the Ethereum Mainnet risks continued losses of market share to competing networks like Binance Smart Chain, Terra, Fantom, Avalanche, Tron, Polygon including Solana as they have been gaining the biggest share of the DeFi market. These blockchains have already attracted a lot of funding and increased their own user base. The bank noted that by the time sharding of Ethereum is implemented, other ecosystems will grow so extensively that activity won’t return to Ethereum.

The post Ethereum is Losing Out to Solana in NFTs, Claims JPMorgan appeared first on Cryptoknowmics-Crypto News and Media Platform.

The TVL of Ethereum Layer 2 projects increased 600% from Q3 to Q4 of 2021, surpassing a peak of $7.17 billion on Nov 25th, 2021.

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OlympusDAO and its forks have suffered a rough stretch in the last week.

Read Time: 4 minutes Crypto hacks continue in 2022 as hackers attack vulnerabilities within different networks, adding to millions of stolen assets. The Algorand community began the year on a sour note following an attack on their decentralized exchange that led to the loss of about $3 million worth of assets. According to reports, on January 1, 2022, unauthorized …

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Kristin Smith, executive director at Blockchain Association, and Jake Chervinsky, head of Policy at Blockchain Association, discuss the current state of crypto regulation. Show topics: why 2021 was a watershed[...]

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Ethereum loses its dominance in the DeFi space according to analysts at JPMorgan as we can see in today’s Ethereum latest news. Ethereum loses its dominance in Defi and it could start reclaiming some ground following the ETH 2.0 update. Analysts at the investment bank including Managing Director Nikolaos Panigirtzouglu noted that Ethereum is losing […]

Shinomics is giving investors a chance to hold the token and earn SHIB without any action, all they have to do is hold.

Investors who are looking to earn passive income, now have an added stream, a token that allows them to earn SHIB automatically has been launched. Shinomics is a blockchain project based on Binance Smart Contract, allowing investors to make passive income or a reward in the form of SHIB tokens. SHIB token is a decentralized cryptocurrency that has grown tremendously just one year after its launch and has currently elicited great attention in the crypto world.
Shinomics; the token that allows investors to earn SHIB automatically without effort

Shinomics, which was launched on 8th November 2021 has a total supply of 1, 000,000,000,000 $Shin and is currently selling at $0.000000622422. Its  current market capitalization is at $564,355. Reviews point out that although the token has a small market capitalization as of now, it is performing well in the market and has promising fortunes where investors can get relatively high profits. 

Buying Shinomics

Shinomics have an elaborate four steps buying process, one that has been described by reviewers as the simplest in the market. An investor needs to download Trustwallet or Metamask; two apps that are widely used in the DeFi Market. Developers of the token recommend downloading the Metamask for its convenience while warning the investors not to share their seed phrase. The next step in the Shinomics buying process involves purchasing BNB or Binance Smart Chain to fund the wallet. After funding the wallet, the investor is required to visit Pancakeswap. finance/swap, while here the user can swap BNB with Shinomics.

Rewards

Rewards are given automatically every thirty minutes; investors are not required to claim it. This is the real definition of passive income, where an investor earns money by simply no effort on their side. 

Confidence to investors

To safeguard the investors from Rug pull, the industry normally requires a token's liquidity pooled for a considerable time. Shinomics liquidity is locked for three months with a promise of further extension once the period lapses. The liquidity of Shinomics is further strengthened by the automatic Liquidity Pool where four percent of each transaction is transferred to LP. Apart from giving investors confidence locking the Liquidity pool for Shinomics will give the token adequate time to grow.

Roadmap 

The token has a clear roadmap that investors and users can use to understand the journey of Shinomics. According to its developers and owner, Shinomics has already completed phase one which included: website launch, enlisting 2000 members on Telegram, creation of the smart contract, fair launch at Pancake, first marketing, and achieving 1000 holders. The token is currently at phase 2 where banner marketing and the first audit which was conducted by Techrate have already been completed. The developing team is targeting 2000 holders in the second phase where they have planned strong influencer marketing.

The token has an  ambitious plan, it is not just planning to stay as a meme token. It is looking to develop and include more features and products that investors and users can gain from. The plans include the launching of the first NFT cards, and mobile game development during phase three. There are also plans to build a partnership, launch big promotions including NFT card giveaway as well as brand Shinomics. In phase four, Shinomics developers are planning to launch Beta Game, conduct the second audit with Cetrik, carry out a website redesign and publish the mobile game. There is also a ShinSwap that is scheduled to launch soon. Reviews have described the token as highly promising based on its performance in the market a few days after its launch as well as the planned features.

The team behind Shinomics

According to crypto token analysts, one of the factors that investors look at while selecting a token to invest in is the team behind its development. The analyst points out that the team needs to be well experienced in blockchain as well as running the token. Shinomics as pointed out by its developers meet this threshold. Behind Shinomics is an experienced team that prides itself on the knowledge that is required to build a successful project. The team has mobile core developers with loads of experience in the field. 

The token's audit

TechRate, a company that specializes in free smart contract checks performed an audit of Shinomics smart contract where it sought to ascertain whether it was functioning as intended as well as identify potential security issues. From this audit, the token passed in all the 21 issues that were checked including compiler errors, possible delays in data delivery, front running, timestamp dependence, integer overflow and underflow, methods execution permissions, Oracle calls, design logic, fallback function security, and malicious event log among others. A second audit is scheduled during Phase 4 of the project development. It will be conducted by Cetrik, a leading security-based ranking platform that analyses and monitors blockchain protocols and DeFi projects.

For more information visit: https://shinomics.app/

Twitter: https://twitter.com/shinomicstokenn
Telegram: https://t.me/shinomicsofficial
 BSC: https://bscscan.com/token/0x84bbad0fe2770790f2b587196c6ecb270e776647

-- EmiSwap (https://emiswap.com), the only community-governed decentralized exchange (DEX) paying out high rewards for liquidity providers, today announced its integration with Polygon blockchain, the leading platform for Ethereum scaling and infrastructure development. The new integration will aim to reduce the transaction costs without compromising output, enabling quicker and cheaper user transactions. The integration will allow users to execute trades instantly using the EmiSwap interface and pooled liquidity utilizing Polygon's full-stack layer 2 scaling solutions.

While the Ethereum network currently hosts the bulk of EmiSwap activity, it is not always a viable option for traders, due to ongoing network congestion and high gas and transaction rates. Even with the recently reduced capacity, spending over $25-$250 dollars for a single transaction fee is quickly becoming unjustifiable to many crypto investors. EmiSwap's new integration with Polygon will offer a viable layer 2 solution: making Ethereum much more usable and cheaper with a 0.001 MATIC gas fee on the platform. 

“We are delighted to be working with Polygon to bring their scalability solutions to the market, as it enables new innovative and value-adding services for our users,” said Grigory Rybalchenko, founder and CEO of EmiSwap. “Now, EmiSwap users will have the option to swap and provide liquidity on EmiSwap DEX with fast and nearly free transactions due to the Polygon integration. This is the next phase in the development of a multichain decentralized platform that will allow us to provide additional value to the DeFi market and our community.”  

EmiSwap aims to become the go-to multichain AMM DEX providing users with simple and affordable transactions. The new Polygon integration will provide the EmiSwap community with several advantages including:

• Users will be able to stake their LP tokens into the new farming pool and win a 365% APR airdrop (per liquidity) plus additional percentage APR for farming with 0.25 percent of the platform fees paid by the token swappers. The reward amount grows with the amount held in the liquidity pool.
  
  

• The 180 percent airdrop that will provide liquidity in any pool with ESW token and will receive 180 percent APR (per liquidity) + 0.25 percent of the platform's fees will be paid by token swappers. Similarly to the 365 percent APR airdrop. 
  
  

• Users can check here (https://emiswap.com/farm) the percentage APR Farming pool in which users can provide liquidity or stake their LP token in farming pools and receive high percentage APR rewards daily. Again, 0.25 percent of the platform's fees will be paid by token swappers. The XXX percent APR farming pool will launch on November 23,2021. Users will also have access to migrate liquidity from QuickSwap. Pairs available for liquidity migration are WETH-USDC, WETH-WMATIC, WETH-WBTC, USDC-USDT and WMATIC-USDT.

Additionally, the Referral Program will work with both 365/180 percent airdrops. With three referral levels, users will be able to receive a percentage from the rewards of users they have invited to the EmiSwap platform:

• Level 1: If a user invites USER1 by their referral link, the user will receive 3 percent of their reward.

• Level 2: If USER1 invites USER2, the original user will receive 5 percent of USER2 rewards.

• Level 3: IF USER2 invites USER3, the original users will receive 7 percent of the USER3 reward. 

EmiSwap now supports Ethereum, Kucoin, and Polygon blockchains with Near Protocol, Avalanche and Binance Smart Chain currently under development. 

For more information, please visit EmiSwap's official Website and Medium as well as follow the EmiSwap Telegram group.

                                                                       

About Polygon

Polygon is the leading platform for Eutherum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, datavailabilit solutions and more. Polygon's scaling solutions have seen widespread adoption with more than 1200 applications hosted, about 600M total transactions processed, about 60M unique user addresses and more than $5B in secured assets. Learn more about Polygon by visiting their Website, Twitter, Ecosystem Twitter, Reddit, Discord, Telegram and Instagram.

About EmiSwap  

EmiSwap is an audited, cross-chain AMM DEX that allows users to safely extract over high APR daily from liquidity mining and farming on Ethereum, Kucoin and Polygon. EmiSwap distributes 0.05 percent of the exchange volumen to ESW token holders, compensates 100 percent of the ETH gas users pay and features unique and yield-boosting NFT Magic Cards that increase user's yield. EmiSwap is audited by Hacken and BluSwarm and constantly adjusts APR, launches new farming pools and distributes additional rewards for liquidity providers. Learn more about EmiSwap AMM DEX and join the decentralized family by visiting the Website, Twitter, Medium, Telegram, Discord and GitHub. 

Press Release: ADA Finance has become the first-ever Cardano-based project to win the “Best Defi project of the year”, at AIBC Summit 2021, as investor Roger Ver joins a growing list of big-name influencers.    17th November 2021, Mahe, Victoria, Seychelles — Cardano, and Avalanche-powered DeFi ecosystem ADA Finance has been announced as the winner […]

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