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Tokamak DAO Governance Launched Paving the Way for a Decentralized Future

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The Tokamak Network has made major strides within a very short duration since its inception. The platform that developed the first Turing complete plasma chain for the Ethereum blockchain has moved fast to compound its results into more tangible achievements.

Tokamak successfully rebranded to an on-demand layer 2 platforms that aggregate together various Ethereum scalability and extendability solutions. By bringing together all these solutions under one roof, the platform allows developers easy access to tools for building their Ethereum-based applications. Upcoming projects no longer need to create decentralized applications (dApps) from scratch. Instead, they can access and deploy the already existing tools, libraries, and tons of code hosted on the Tokamak protocol.

Tokamak DAO Governance Launched Paving the Way for a Decentralized Future

Moreover, Tokamak allows such Dapps to run on their own plasma chain, with similar functionalities to the Ethereum main chain. As such, they are able to decongest the main chain by providing the much-needed scalability and extendability that new applications benefit from.

By becoming an aggregator of layer two scaling solutions, the Tokamak Network has opened the door to other projects working towards the same goal of increasing the usability of Ethereum, thus boosting its potential for mass adoption. Developers and upcoming projects can deploy their preferred layer 2 solutions without the hassle of switching between multiple protocols.

The on-demand platform is also greatly opening up opportunities for collaboration between different players working on scaling solutions. The Tokamak encourages teams to partner and share resources so as to build synergies rather than compete. This way, they are able to accelerate the development process and deliver solutions faster and in a cheaper manner.

Now, upon their successful sale of their TON cryptocurrency, the team behind Tokamak is opening up the platform to the public. They are placing the future of the protocol in the hands of the community by creating the Tokamak DAO that will oversee all operations moving forward.

Tokamak DAO Beta Launched 

The Tokamak Network DAO (decentralized autonomous organizations) beta was launched on March 15, providing an opportunity for the public to participate in the ecosystem’s decision-making. According to their announcement postTokamak DAO BetaTON token holders will be able to exert their influence on most of the platform’s future operations either directly or indirectly through the Tokamak DAO. It allows them to decide on various issues, whether economic-related or technical. More specifically, the holders will have a say on common issues such as the TON’s inflation rate, issuance procedure, burning of tokens, as well as advanced matters like the staking conditions and protocol upgrades.

The Tokamak DAO launch is a timely introduction for the protocol as calls for increasing decentralization and representation are increasing in the crypto space. The move is in line with the spirit of the blockchain movement that is continually growing with the rise of DeFi and continuous development in the space. The DAO effectively decentralizes the decision-making procedure and allows the network to operate autonomously without any influence from its creators or any central authority.

TON Value Rising Steadily

The Tokamak Network’s recent developments have been reflected in the market, with the TON price action remaining largely positive lately. The project has made substantial organic traction over the past few weeks, evidenced by the steady growth of its community recently.

Particularly, the news about the DAO beta launch was received positively, causing an upward tick in the TON’s price. Overall, the community sentiment remains positive, indicating that the TON may be currently undervalued, with its price hovering just above $8.

Since the start of March, the token’s price has grown over 60% since the start of March, rising from $5.2 to $8.4 at the time of writing. The digital currency is also having major traction in the market, with a trading volume of $25.9 million over the past 24 hours. This price will likely continue on its upward trajectory as the Tokamak community continues to grow and the pace of development accelerates paving the way for more decentralized solutions on the platform.

Moving forward, the Tokamak community will have a bigger say on most future developments. As such, their decisions will have a huge bearing on the TON’s price and the overall value of the protocol. The launch of the DAO now paves the way for a new wave of creation, with the tools now easily accessible and at the general public’s disposal. The excitement is already in the air as the Tokamak community readies itself for the next chapter of this thrilling journey.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptonewsz.com/tokamak-dao-governance-launched-paving-the-way-for-a-decentralized-future/

Blockchain

Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

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It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles.

The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond.

Carbon Neutral Bitcoin Mining

After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future.

The company is committed to the cause, and it plans to invest in US-based renewable energy projects.

According to a recent press release, the company will also take part in the Regional Greenhouse Gas Initiative, which is a market-based program where participants sell CO2 allowances through auctions and invest the proceeds in renewable energy and energy efficiency.


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Speaking on the matter was Jeffrey Kirt, the CEO of the company, who said:

“Our bitcoin mining capability is already best-in-class and seamlessly integrated with our electricity generation that powers thousands of homes and businesses. By taking the bold and unique step of making or cryptocurrency mining fully carbon neutral immediately – as opposed to some distant date in the future – Greenidge is once again leading in environmental efforts.”

Musk’s Message Resonates

Greenidge’s announcement comes days after the leading electric vehicle manufacturer, Tesla, revealed that it would no longer support bitcoin payments. As a reason for its decision, the company cited environmental concerns related to bitcoin mining.

Elon Musk, the company’s CEO, confirmed and reiterated that he is bullish on crypto but so long as it doesn’t have a negative environmental impact.

The company also said that it’s looking for ‘greener’ alternatives to Bitcoin so that it can continue accepting crypto payments. This led to many speculations about which cryptocurrency it would choose. Shortly after, Musk said that he’s working closely with Dogecoin developers to improve transaction efficiency, causing many to believe that the meme-inspired coin might be Tesla’s choice.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-mining-company-vows-to-be-carbon-neutral-following-teslas-recent-statement/

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Blockchain

Unlike Dogecoin, Catecoin Gives a New Meaning to Meme Coins with Real Use case

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In the present-day connected world, memes have become an integral part of our pop culture. While one can’t put a monetary value on the entertainment they provide, its creators can definitely be encouraged and rewarded for their contribution towards a lively internet.

Catecoin, the first decentralized meme-based token is trying to do just by incentivizing content creators as well as consumers. The project is the first of its kind to implement DeFi features in the content space. Fueled by the CATE token, the project offers a platform for user-generated content, quite similar to 9GAG but on a blockchain, along with content farming and staking features.

How does it work?

Using the Catecoin ecosystem is as simple as using any social network platform. Content creators can submit their creations to the Catecoin Meme Platform and once published they will start earning CATE rewards as the community likes or comments on that content. Even platform users who interact with the posts will receive rewards for their comments and likes.

Meanwhile, the posts are evaluated based on the received reactions. Any post with 500 or more likes from the community will become eligible for a transformation into an NFT and get listed on the NFT market. Catecoin refers to this entire process as Content Farming and has set aside 35% of CATE supply for this alone.

Using CATE

CATE is the utility token of the Binance Smart Chain-based Catecoin project. Apart from value exchange, these tokens also control the accessibility of the platform. Users should hold a minimum of 10,000 CATE to interact with any posts on the platform. Similarly, content creators will have to maintain a balance of 100,000 CATE to be able to submit their works to the platform.

While each like or comment will result in both content creators and consumers receiving 0.1 CATE each, the community can also earn additional returns by just holding the tokens. The platform shares one percent of each transaction made on the network with CATE holders, and at the same time burns the same amount to regulate supply.

Once a meme gets converted to NFT and lists on the NFT market, anyone can purchase it and start receiving any rewards the asset may generate in the future.

Get some CATE, it is simple

In just a few simple steps, one can become part of the Catecoin community early on. CATE is listed on PancakeSwap and users can acquire the tokens against BNB payment. Buying CATE will require users to download and set up Trust Wallet and MetaMask accounts and hold some BNB in their wallets. They can then visit PancakeSwap, make payment in BNB to the Catecoin token 0x118f073796821da3e9901061b05c0b36377b877e and receive the tokens in their connected wallet.

What Makes CATE Different?

The flood of meme coins into the crypto market started long ago, and Dogecoin is the prime example. Many of these coins have a virtually unlimited supply and no real use cases. On the other hand, CATE has a definite supply of 100 trillion and a deflationary mechanism that reduces the supply by 0.5%-1% per transaction while providing a real-world use case – encouraging meme creators to monetize their content. The model adopted by Catecoin makes it the most sustainable meme project out there.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/company/unlike-dogecoin-catecoin-gives-a-new-meaning-to-meme-coins-with-real-use-case/

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Amid Rumors Of Dumping Its BTC Holdings, Elon Musk Maintains Tesla Hasn’t Sold Any Bitcoin

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Amid Rumors Of Dumping Its BTC Holdings, Elon Musk Maintains Tesla Hasn't Sold Any Bitcoin

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Elon Musk has been dragged under the bus by countless bitcoin proponents as the price of the flagship currency continues to take a downward movement. Bitcoin dropped 20%, sending prices to $45,000 as of yesterday.

As of publication, Bitcoin imitates analysts’ predictions that the asset could continue to dip for the most part of this week, and with Bitcoin now trading at $45,065 at press time, their analysis remains valid.

BTCUSD
BTCUSD Chart By TradingView

The Bitcoin selloff continues

Asides from the “bearish” tweets from Musk, which to many is simply just the Billionaire’s expression of his dissatisfaction with Bitcoin, Bitcoin could sustain more losses if Tesla sold its remaining Bitcoin holdings.

Following Tesla’s announcement, onlookers spotted a Bitcoin transfer of 19,259, worth over $872 million at press time. Analyst William Clemente observed that the transfer time coincided with Musk’s tweet, hinting that Tesla may have indeed called it a day for Bitcoin.

Musk reveals Tesla’s $1.5 billion holdings still intact, prices soar

However, Musk has recently cleared the air on whether the Bitcoin holdings are still under Tesla’s belt. In what could be considered the most recent positive tweet from Musk on Bitcoin, he wrote “To clarify speculation, Tesla has not sold any Bitcoin.”

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Some excited Bitcoiners are holding on to the news as a sign that Tesla has not lost all interest in Bitcoin, despite Musk’s tweets that Dogecoin is a superior asset to Bitcoin. On the other hand, skeptical Bitcoiners are convinced that in a matter of time, Tesla will pull through with its Bitcoin sale.

Recall that Elon Musk teased that this could be the case, given that Bitcoin proponents have continued to critique Tesla’s decision. Shortly after hinting that Tesla might give up its $1.5 billion Bitcoin holdings.

However, Bitcoin has since surged by 7% since Musk’s clarification on Tesla’s Bitcoin holdings.

Bitcoin doesn’t need Elon Musk

Meanwhile, analysts’ who heavily bought the dip have insisted that Bitcoiners pay no mind to the bear market.

In unison, key players agree that “Bitcoin doesn’t need Musk. Rather, Musk needs Bitcoin.” It is unclear where the market is headed going forward, but the sentiments from top Bitcoin proponents similarly claim that the bear trend is only temporary, as Bitcoin is still yet to bottom.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/amid-rumors-of-dumping-its-btc-holdings-elon-musk-maintains-tesla-hasnt-sold-any-bitcoin/

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