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Replacing The U.S Dollar With Bitcoin: Leaving The Gold Standard

To think through how bitcoin will replace the U.S. dollar, we must first turn to the dollar’s own journey in leaving a gold standard.

What Is Bitcoin Backed By?

It’s likely not what you think — because most people are asking the wrong question.

SEC Rejects MicroStrategy’s Bitcoin Accounting as MSTR Shares Hit 1-Year Low

MicroStrategy was trying to avoid claiming BTC impairment losses that would shrink the company's reported value.

LocoMeta Introduces a Metaverse Game Centered around NFTs

LocoMeta aspires to be the most creative Metaverse game on the blockchain. It allows its users to enjoy being a part of an infinite universe, the thrill of strategic gameplay, and the opportunity to earn LOCO tokens.

Mint to Earn

According to the website, LocoMeta is a game that involves a train that goes around the Metaverse Universe to the end of the world. The team plans to complete this in the years 2024 to 2025.

In the LocoMeta universe, NFT tokens are incredibly dynamic, practical, and functional. Unlike many NFTs in the crypto space today, strictly collectibles or "artwork," the NFTs in the LocoMetaNFT Framework have multiple uses.

NFT tokens can be transferred out of the game universe and sold or exchanged on third-party sites. The LOCO NFTs, on the other hand, serve practical purposes in the LocoMeta Universe.

LocoMeta NFTs

While the NFTs in LocoMeta are cool to look at, they are also fully functional and beneficial to your character in-game. 

Each NFT has a distinct level and feature. The wagon NFT comes with a multiplier value. It determines the number of tickets printed, the time it takes to produce each seat, and the time for the machinist to distribute them.

Your daily production amount is indicated by the ticket NFT. Purchasing a ticket will allow you to start production on your wagon. Seats NFT, on the other hand, show your distribution day. In this case, your distribution day begins at 60 days if you are not a seat owner. In addition, you can reduce your distribution time by purchasing a seat.

Finally, the machinist NFT is the most vital component of a train. LocoMeta wanted to give the machinist's NFT a nice meaning here. The faster you go, the better your machinist. It allows you to cut the number of days and produce LOCO more quickly.

The LocoMeta Token

The LocoMeta token is connected to and synchronized with the Binance Smart Chain. Therefore, one wallet can quickly, easily, and cheaply send funds to another on the network. Users can also send it into and out of the LocoMeta.

In-game and outside the game world, players will use the LocoMeta token to buy and trade NFTs. The team sees it as one of the token's primary applications. Players will list their NFTs for sale and exchange them for the LocoMeta token via the in-game auction houses. They can also fix the damage, buy items, and buy fuel, among other things.

Furthermore, the LocoMeta token can be staked and used for farming outside of the game universe. Users will get rewarded when they stake or use the token to farm.

About LocoMeta

LocoMeta is a blockchain-based business Metaverse game focused on staking, farming, NFTs, and other features. LocoMeta aims to become the most creative Metaverse game on the blockchain. Hence, the mint-to-earn game provides users with a fun experience by purchasing NFTs to earn LOCO tokens. 

The NFTs are earning models, but they will prioritize making the first avatar in the in-game universe and participating in the beta version, which they expect to be completed by 2025. Notably, the game is deployed on the Binance Smart Chain and is compatible with Web3 wallets.

The LocoMeta project will slowly adopt more DAO-like features, giving the community the ability to decide on certain aspects of the project's growth.

Token Information

Token Name: LocoMeta 

Token Symbol: LOCO

Token Type: BEP-20

Total Supply: 150,000,000 

Smart Contract Address: 0x458a55951D7974ADE50c2A53827E9144c7fe804b

Initial Circulation Supply (Quantity of unlocked at TGE): 1,300,000

Initial Circulation Supply Percentage: 0.86

Initial Market Cap: 156,000 USD

TGE (Token Generate Event) Time: Instantly

About the Campaign

Various campaigns are being held to celebrate the announcement of LocoMeta.

Private Sale

Anybody can book a place and be one of the first to step into the LocoMeta Universe.

Visit the Private Sale page to see and research all the attractive offers.

Whitelist

Starting January 28th, LocoMeta is running a $40,000 Whitelist Campaign, and if you enter by February 12th, you will be entitled to purchase up to $200 worth of token at private sale price. Join LocoMeta whitelist campaign.

Social Media Handles:

Website

Twitter

Github

Telegram

Medium

Algorithmic Stablecoins- Everything you NEED to Know!

Financial markets, built on the premise of speculation, are natural breeding grounds for volatile price action. Crypto markets, in particular, are notorious for their excessive volatility which is the result of a myriad of factors such as the relative lack of liquidity, regulatory concerns, adoption-related developments, media hype, etc. Now, as a participant in this […]

The post Algorithmic Stablecoins- Everything you NEED to Know! appeared first on Coin Bureau.

Here Comes Andre and Dani’s New DeFi Play

The minds behind Yearn Finance and Wonderland have rolled out their next project, an AMM built on Fantom with unique tokenomics—and NFTs.

Using SVG in WordPress (2 Helpful Plugin Recommendations)

SVG is a great image format, so it's nice to able to use it in WordPress. If you're looking to be using SVG in WordPress. , we've got you covered here with all the best options.


Using SVG in WordPress (2 Helpful Plugin Recommendations) originally published on CSS-Tricks. You should get the newsletter and become a supporter.

Osmosis Founder Sunny Aggarwal on DeFi Innovation, Cosmos, & More

In a galaxy far far away, there exists a decentralized exchange that doesn’t cost an arm and a leg to use…  Osmosis is the most active decentralized exchange in the…

The post Osmosis Founder Sunny Aggarwal on DeFi Innovation, Cosmos, & More appeared first on CoinCentral.

MetaMask Knows It Has a Critical Privacy Vulnerability, But Hasn’t Fixed It

Key Takeaways Cryptographer Alexandru Lupascu discovered a critical vulnerability in the most popular Web3 wallet MetaMask. Lupascu found that malicious entities can find MetaMask...

Lucky ETH Miner Receives a Block Reward Worth $540K

A solo Ethereum miner mined an entire block and got a reward of 170 ETH ($540,000).

‘A slow rug pull’: Traders reject play-to-earn crypto shilled by Ice Cube

Play-to-earn crypto SolChicks crashed after investors realized its fully diluted value was more than 40 times higher than its market cap.

The post ‘A slow rug pull’: Traders reject play-to-earn crypto shilled by Ice Cube appeared first on Protos.

Facebook and Instagram Jumps on the NFT Bandwagon

Facebook and Instagram Jumps on the NFT Bandwagon

Meta’s main social media companies Facebook and Instagram are reportedly planning to let users display and trade non-fungible tokens (NFTs). According to a Financial Times report, the social media giant behind Facebook and Instagram is currently working on prototypes that will allow users to mint collectible tokens. Additional plans include launching a marketplace that allows the buying and selling of NFTs. However, the report did not specify which blockchain network Meta would use for the marketplace. It should be noted that Meta’s NFT efforts are still in their infancy phase, meaning that the mentioned features are unlikely to launch anytime soon. Should it go into fruition, Meta’s reported foray into NFTs could be a major catalyst for mass adoption and help popularize the use of the burgeoning digital assets industry. Just recently, leading NFT marketplace Opensea surpassed $3.5 billion in monthly transaction volume, indicating that over $169 million are being spent each day in NFT trading just within the platform. So far, the NFT market has had a total of $25 billion in all-time sales. In December, Instagram CEO Adam Mosseri hinted that the company was ‘actively exploring NFTs,’ but provided no further details. However, the media sharing platform is now internally testing its NFT showcasing feature, according to people familiar with the matter. The Instagram NFTs project was started last year by Kristin George, Instagram’s director of product and creators, and David Marcus, the former head of Facebook’s payments and crypto arm, leaving the company in December. Replacing Marcus, Stephane Kasriel, the former CEO of Upwork took his place. Facebook initially made its intention to delve into the crypto space in June 2019 when it announced the launching of a Libra stablecoin, along with Novi crypto wallet. Since then, the project has had a rocky journey and has been rebranded to Diem and it’s still yet to launch.

The post Facebook and Instagram Jumps on the NFT Bandwagon appeared first on Cryptoknowmics-Crypto News and Media Platform.

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