Tag: stablecoin
FinTech Platform YouHodler Lists Five New Metaverse Tokens For Staking, Lending, and Trading
YouHodler, a FinTech platform focused on crypto-backed lending, stablecoin loans, crypto exchange, crypto savings accounts, and crypto trading announced the listing of several new Metaverse tokens on the platform. For all clients on YouHodler, Decentraland (MANA), The SandBox (SAND), Axie Infinity (AXS), Illuvium (ILV) and Gala (GALA) are available immediately.
All coins are available for exchange (buy/sell), trading, lending, and savings account features. For a limited time, YouHodler will feature promotion interest rates of 25% - 30% APR for these new tokens. The promotion will last one month from the launch of these tokens. After that, the interest rates will decrease to 3% APR plus compound.
YouHodler currently features interest rates as high as 12.3% for some stablecoins. YouHodler's embrace of the Metaverse comes during a pivotal moment in the internet's evolution, as the world starts to shift from Web 2.0 to Web 3.0 – or simply Web3.
YouHodler Lists Five New Metaverse Tokens
The metaverse is an elastic concept most easily described as a basic evolution of the internet. It's an online space where people can meet, socialize, shop, and even work using avatars. Unlike a video chat with friends, the metaverse is always there for users to enter and exit at will. The metaverse is not necessarily a new concept but has garnered a lot of attention in recent years, especially with Facebook boss Mark Zuckerberg announcing Facebook's evolution from a social media platform to a metaverse platform.
Since then, other metaverse platforms like Decentraland, SandBox, and more have exploded in user growth, with the price of their native tokens along with it. YouHodler CEO Ilya Volkov states “Web3 and the metaverse represent the next iteration of the internet. At YouHodler, we want to help our clients utilize their crypto in a positive way instead of just buying and holding. Hence, we feel offering new tokens such as these give our clients access to the metaverse's potential combined with our innovative digital asset tools.”
For those interested in learning more about YouHodler, they can download the YouHodler app for Android, iOS and also use the web app found on YouHodler.com.
About YouHodlerYouHodler FinTech platform is focused on crypto-backed lending with fiat (USD, EUR, CHF, GBP), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG, DAI, HUSD), crypto/fiat, and crypto/crypto conversions, as well as high-yield crypto-saving accounts (crypto-rewards & staking). The platform supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and other popular cryptocurrencies and tokens. User's digital assets are safely guarded with Ledger Vault's advanced custody and Fireblocks security options.
YouHodler is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland. To learn more about YouHodler Switzerland visit youhodler-swiss.com
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Contact Details:
Vaida Saltenyte, Head of Partnerships
PR Contact:NEWSCALL
SHARKFI FINANCE – IN THE CRYPTO WORLD, BE A SHARK
TOMB Finance - The first algorithmic stablecoin in the Fantom ecosystem, pegged to the price of 1 FTM Token via seigniorage.
Some of the strengths of the Tomb project that almost everyone is probably already aware of, such as: The TOMB token used in the rapidly growing Fantom ecosystem - so the users , the community, the audiences, the developer.... are very strong especially for an extremely large user base. In fact, the pieces in Fantom's DeFi are also quite complete, the pieces have the effect of creating value and influencing each other and always bringing sustainable value to each other. The actual result can be seen that TOMB Token price spiked to over $2 as Fantom kept hitting ATH levels (nearly x10), while TSHARE price surged to a staggering $4,985.80 and shows no sign of stopping.
Following the successes of Tomb Finance, SHARKFI FINANCE was born as a more complete version, giving you more investment opportunities in the future. The project hopes to bring a more quality user community with the improvements and further developments of SHARKFI FINANCE.
Similar to Tomb, SHARKFI FINANCE will be built and developed in the Fantom ecosystem, pegged to the price of 1 FTM Token through the seigniorage* mechanism.
* Seigniorage Model: Algorithmic Stablecoins using the Seigniorage Model have more than 1 token, usually 2 or 3 tokens. The first token is pegged at a specific price (usually $1), the remaining tokens will have different strategies to increase or decrease the supply as the price of the first token increases or down from the fixed price (usually $1).
The stablecoin algorithm can be understood as a stablecoin with a simple elastic supply and demand mechanism that equalizes the price at a specific level (usually $1), but in this case the SAFI Token is pegged to 1 FTM coin. The supply adjustment mechanism of SAFI Token will increase or decrease its price in accordance with the price of FTM Token.
SHARKFI FINANCE also runs on Fantom with 3 tokens: SAFI - FSHARE - FBOND but the fee is much lower than other projects.
$SAFI : the algorithmic token of SHARKFI FINANCE pegged to FTM through seigniorage.
* Use as the medium of exchange and an alternative to FTM.
$FSHARE : Token that measures the value of the SHARKFI Protocol
* Stake to receive $SAFI in Masonry.
* Participate in governance.
$FBOND : Token that helps incentivize changes in SHARKFI supply
* Earn from arbitrary opportunities.
* Maintain the price of $SAFI
You can earn a lot with just a tip :
If $SAFI is UNDER the peg
1 Buy $SAFI and exchange it for FBOND. If you are LP'ing, you can break the LP to exchange $SAFI for $FBOND, and use the remaining $FTM to buy $SAFI to also exchange for $FBOND. Now you have a big fat bag of $FBOND, and you've also helped bring $SAFI back above peg so that the Masonry can resume printing.
2️ Sell $FBOND for a redemption bonus once $SAFI is back to normal or above the peg (above 1.1 TWAP).
We appreciate early birds of the SHARKFI FINANCE . It also means that those who come first will have a better chance of making much more profit as we can buy SAFI at a lower price than ever before.
Here, we provide some background information about :
KEY Metrics SAFI
• Token name : SAFI
• Ticker : SAFI
• Blockchain : Fantom
• Token type : Utility
KEY Metrics FSHARE
• Token name : FSHARE
• Ticker : FSHARE
• Blockchain : Fantom
• Token type : Utility, Governance
KEY Metrics FBOND
• Token name : FBOND
• Ticker : FBOND
SHARKFI Finance grows in tandem with Fantom's development. Especially TVL of SHARKFI FINANCE will have a strong leap. Users will receive huge profits up to hundreds day by day. The objective of the project is pretty obvious: To support the Fantom token - FTM. It is evident that the SHARFI FINANCE token really helps the FTM token in general and the Fantom ecosystem in particular. More use cases and applications from the project can be expected to come online really soon, which can have a beneficial impact on Fantom.
Launching Date : 14 March 2022
Website : https://sharkfi.finance
Telegram Channel: https://t.me/SharkFi_Official_Channel
Telegram Group: https://t.me/SharkFi_Official_Group
Twitter: https://twitter.com/SharkFi_Finance
Email - Contact at sharkfi.financeXRPL-built crypto platform GateHub adds ERC20 assets: USDC, USDT, WXRP, and GALA
GateHub, a cryptocurrency platform built on XRP Ledger protocol, announced today that it has added support for 4 new crypto-assets, all of which are ERC20 tokens. USDC, USDT, WXRP, and GALA are newly listed and can be traded for free for the next 90 days. Similar to XRPL’s issued currencies, the Ethereum blockchain supports the […]
The post XRPL-built crypto platform GateHub adds ERC20 assets: USDC, USDT, WXRP, and GALA appeared first on CryptoNinjas.
XDC Network integrated into crypto custody platform Fireblocks
Fireblocks, an infrastructure provider for blockchain assets, announced today it has integrated XDC Network, a hybrid blockchain protocol specializing in tokenizing trade instruments. This news comes ahead of the launch of XDC Network’s Trada token, a stablecoin backed by tangible, trade finance assets. Soon, Fireblocks’ clients that leverage its all-in-one blockchain platform to send, receive, […]
The post XDC Network integrated into crypto custody platform Fireblocks appeared first on CryptoNinjas.
A career timeline of Justin Sun, crypto’s most annoying over-marketer
Justin Sun is a colorful character in crypto history to say the least. Here's a timeline of his career, the good, bad, and ugly.
The post A career timeline of Justin Sun, crypto’s most annoying over-marketer appeared first on Protos.
Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise
There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN are gaining popularity even as Tether remains the most widely used. They experienced a nearly 30% and a 44% rise in issuance in…
The post Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise appeared first on Bitcoin News Miner.
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BODASWAP: The First Decentralized Exchange Removing Slippage for Binance Chain Tokens
While everyone is scrambling to find the next big thing in DeFi, BODA Token has been working hard to build a unique and first-of-its-kind product for the DeFi sector. Boda Token is proud to announce its successful launch of BodaSwap! The First Decentralized Exchange to eliminate Slippage requirements when trading Binance Chain tokens. Unlike other DEX platforms like Pancakeswap, MDEX, UniSwap, SpookySwap, Quickswap, and many more, which require a minimum slippage input to trade tokens, BodaSwap is free from slippage. Slippage is often used to create a buffer when swapping two tokens on a Decentralized Exchange, and while not always charged as a fee, sometimes the slippage can cost the user a small number of tokens in the trade. By eliminating the slippage requirement, tokens traded on the BodaSwap DEX give the user more value for their swap. A DeFi trader who utilized Pancakeswap and BodaSwap, where two identical trades were made, was able to demonstrate that the gas fee on Pancakeswap cost the user $2.28 and the gas fee on BodaSwap only cost $1.69. Saving the user 59 cents in gas fees by using BodaSwap.
BodaSwap is a utility product that will provide added value to the native BODAV2 token, which is part of the Boda Company. Revenue generated from trades on BodaSwap will be utilized for buyback and burns of BODAV2 tokens. This process will help to increase the value of BODAV2 tokens and provide more BUSD Rewards to existing holders of BODAV2 Tokens.
Based on the average daily volume received on Pancakeswap at over $800 Million USD, the 0.2% fee per trade on BodaSwap could potentially generate $1.6 Million USD per day for BODAV2 Tokens. With 6% of that $1.6 Million USD, $96,000 USD, converted to BUSD rewards for token holders.
BODAV2 Token is the highest paying reward token on Binance Smart Chain, automatically rewarding its holders in the form of Binance Pegged BUSD. Since BUSD is a stablecoin pegged to the US Dollar it will never shift in price, making it a great choice for passive income. As a DeFi token that automatically rewards investors with a stable passive income for holding, BODAV2 helps to reduce the risks involved with cryptocurrency market volatility. Holders can keep earning during a crypto bear market as token price does not affect the BUSD rewards. Over time, holders can earn enough BUSD rewards to cover their initial investment, turning their investment into a cost-free asset.
No other smart contract is like BODAV2 as it has been built from scratch. An anti-whale and anti-dumping mechanism help to protect investors from heavy losses. BODAV2 has been audited by Certik, the leading Smart Contract Auditing Company in the world, which provides much greater security and peace of mind for BODAV2 holders.
BodaSwap is a real contender in the Decentralized Exchange sector as the first DEX to facilitate trades without slippage and with lower gas fees. Many users will find themselves turning to BodaSwap over other DEXs like Pancakeswap with the ease of trading tokens and paying less in fees.
In addition, BodaSwap is providing a Fiat On-ramp for customers to purchase cryptocurrency with Visa or Mastercard. This Fiat-to-Crypto feature is ideal for customers in locations such as America where purchasing crypto tokens such as BNB can be difficult.
With companies like Binance pushing crypto further into the mainstream audience, people finally realize the true potential of Crypto Currencies. It is this sentiment that will continue to bring BodaSwap & BODAV2 and its community to new and even greater heights.
Media Contact:
Company: BODA Token
Website: https://bodatoken.app/
Discord: https://discord.gg/XMF4UctSnv
Twitter: https://twitter.com/BodaToken
Email: [email protected]
SOURCE: BODA Token
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comBoda Token is proud to announce its successful launch of BodaSwap! The First Decentralized Exchange to eliminate Slippage requirements when trading Binance Chain tokens.