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Bitcoin Remittances to El Salvador Surge 300% Ahead of ...
15 Jun
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Thinking Too Small And The Pitfalls Of The Inflation Na... It may be that the most-cited narrative of bitcoin is simply one of many aspects in this global technological adoption.
15 Jun
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The Age of Autonomous Supply Chains
15 Jun
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Ken Moelis: People Want BTC Like They Wanted Gold Two C... Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking... The post Ken Moelis: People Want BTC Like They Wanted Gold Two Centuries Ago appeared first on Live Bitcoin News.
15 Jun
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Bitcoin Versus The Great Financial Bubbles Of The Past The previous crises are actually quite different from what we are currently experiencing if we examine history.
14 Jun
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Crypto Cyberthreats Spike This Year With Russia Hit the...
14 Jun
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Artificial intelligence and the McData-fueled future of... Ba da ba ba bah, McDonald’s is capturing and storing biometric data on its customers without their knowledge or consent. Per a report from The Register, McDonald’s may be facing a class action lawsuit after an Illinois customer sued the mega-corporation for allegedly violating the state’s Biometric Information Privacy Act (BIPA): (The plaintiff) sued McDonald’s … on behalf of himself and all other affected residents of Illinois. He claimed the fast-chow biz has broken BIPA by not obtaining written consent from its customers to collect and process their voice data. Illinois has some of the stiffest biometric privacy laws in…This story continues at The Next Web
14 Jun
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4 Crypto Tax Tips to Get You Through Market Dips
14 Jun
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Americans Made a Lot of Money on Crypto Last Year Interest in bitcoin and cryptocurrencies really surged in America during the peak months of COVID, and now many traders in the United States are seeing that interest lead to profits. According to blockchain analysis firm Chainalysis, Americans have seen their bitcoin holdings return more than $4 billion to initial holders. Americans Love Their Bitcoin While... The post Americans Made a Lot of Money on Crypto Last Year appeared first on Live Bitcoin News.
14 Jun
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Paul Tudor Jones and Powell Go To War
14 Jun
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The Global Decentralized Finance Bunker
14 Jun
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Splinterlands Blockchain-Backed Game Announces Sell Out... Splinterlands, a blockchain-based collectible card game, has just announced that its Untamed Edition booster packs are completely sold out. The edition offered a total of 1.5 million NFT packs each at $2, all of which were depleted by Friday, June 11. Owing to its popularity as one of the most proactive and rewarding games, the […]
14 Jun
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Ethereum investment products see largest weekly outflow... Despite recording high weekly outflows, Ether funds have generated $994 million in inflows this year. The total assets held in ETH funds are nearly $11.1 billion.
14 Jun
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Persistence Launches pSTAKE, Offering Liquidity for Bil... Staking cryptocurrencies on proof-of-stake blockchain networks has become one of the popular methods to generate consistent returns on crypto. Whereas...
14 Jun
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China's Yunnan Province To Inspect Bitcoin Mining Opera... China's Yunnan province will be investigating bitcoin mining operations that are using power supplies illegally.
14 Jun
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Cryptocurrency Exchanges in South Korea to Be Classifie... Cryptocurrency exchanges operating in South Korea will be classified as highly risky organizations, the local regulator has decided.
14 Jun
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Solanax: Redefining the DeFi Sector Disclaimer: The text below is a press release that was not written by Cryptonews.com. The DeFi sector has undergone somewhat of a boom over the last years. The advancement in blockchain technology and a global distrust of the traditional banking system, has meant that the Decentralized Finance sector, according to Statista, had more than 80 billion USD of crypto locked in during May 2021, a
14 Jun
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Axie Infinity Boasts 30% Increase in Active Wallets
14 Jun
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Help spread music around the world — and we’ll help you... TLDR: Make a donation to the brilliant Playing for Change Foundation fostering music education worldwide — and maybe you’ll win a $5,100 gaming prize pack for your giving. When we feature one of these stellar giveaway packages full of incredibly cool stuff like this Big Summer of Gaming Giveaway prize collection, it’s easy to get distracted by the sheer avalanche of fun toys. Yes, of course you want to enter this free sweepstakes and take home a gaming collection that features…well, essentially everything. It includes a free PlayStation 5 and an Xbox Series X, both of which still can’t even…This story continues at The Next Web
14 Jun
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CowSwap Brings GOUDA Token to Market
14 Jun
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Art Blocks Surges 500% as New NFT Collection Drops
14 Jun
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Aave Price Prediction for June 2021
14 Jun
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Bitcoiners Wait For Saylor Bot
14 Jun
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Don’t Go to the Moon When There Are Opportunities on Ea... The “oldest profession in the world” isn’t what you think it is – it’s actually farming. That unsexy, overlooked, all-too-necessary process of planting, nurturing, and harvesting is an apt description for one of the most grounded tokens you have seen in a while: Crystal Elephant Farm, a.k.a. CEFA. There’s a new flavor of cryptocurrency that […]
14 Jun
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Plasm Network & Shiden Network Partner With Doublejump.... The NFT circuit quickly garners global exposure with names like Stake Technologies and doublejump.tokyo joining hands. Stake Technologies, one of the names behind Shiden Network and Plasm Network, is now entering a partnership with the biggest Japanese NFT content creator. How did the Partnership Occur? Despite the market being filled with numerous blockchain networks, names …
14 Jun
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Yearn.Finance price prediction June 2021
14 Jun
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Dogecoin Price Prediction for June 2021
14 Jun
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Bitcoin Shorts Jump 10x
14 Jun
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Analyst Claims Bitcoin Will Break $40K Threshold, S2F A...
14 Jun
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The Best Decentralized Derivatives Experience — the Oct... Less than six months into 2021 and we've witnessed unprecedented growth in the market cap of the crypto market. With...
14 Jun
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Tidex Platform Launches Smart Staking with High Profita... The multifunctional platform Tidex with infinite, according to its developers, possibilities, launches staking on cryptocurrencies. The project team offers users an alternative view on staking. Let’s explore the specifics of staking crypto on Tidex. Few words on staking Staking is the process of earning cryptocurrencies by holding them. There are various approaches to how it... The post Tidex Platform Launches Smart Staking with High Profitability appeared first on Live Bitcoin News.
14 Jun
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How DAO promotes transparency and how it will be revolu... The traditional organization suffers from several drawbacks making it an ineffective working model. Due to a lack of a better platform, people have to adjust to substandard quality of work. However, with the addition of Decentralized Autonomous Platforms, people can rejoice as organizations are forced to up their game and work according to the latest industry standards. DAOs were introduced because of smart contracts and blockchain technology. It allows the organization's users to enjoy complete transparency and unparalleled benefits. One of the successful examples of how a DAO is supposed to operate is PhoenixDAO. PhoenixDAO has launched internal testing of DAO that will ensure complete security, transparency, and autonomy. Centralized Organizations Centralized organizations often fall victim to the principal-agent dilemma in which a member of the organization is entitled to make decisions for other members. The majority of the traditional organizations work following a pyramid mechanism in which the person at the top enjoys all the power. It creates a hierarchy according to which everything works. A person at any level has to follow the directions of the person above themselves. While this model can ensure smooth working ideally, it rarely happens. In such an organization, an employee's relationship with the company is defined by a legal employment contract. The contracts are designed to give complete control over employees' future to the organization and avoid any liability. Also, a centralized organization is restrictive as the hierarchy does not allow the person at a lower level to work at their best potential. Another drawback for the centralized organization is that it cannot integrate AI-powered solutions seamlessly into its functioning. Decentralized Autonomous Organization (DAO) A DAO, as the name suggests, promotes decentralization and autonomy in an organization. Such organizations aim to tackle the shortcomings of a centralized organization and create a better working environment. In a DAO, no single entity has control over all the decisions. All the tokens or shareholders have governing rights and collectively make decisions about the company's future. Every member of the organization works independently and has complete control over their actions. In a DAO, people interact based on a self-imposed or a smart contract. There is no legal contract binding a user to another employee to give them complete control over their actions. DAO works better than a centralized organization as all the transactions are transparent, public, and immutable as they are recorded on the blockchain. A DAO is capable of automating the functioning of an organization using AI technology without human management. Theoretically, every interaction between the organization and users can be expressed using a smart contract. Ideally, an AI-powered DAO can automate all management and administrative functions without the requirement of an individuals input. PhoenixDAO: A Decentralized Ecosystem PhoenixDAO is a decentralized ecosystem that operates on Polygon level 2 scaling solution alongside Ethereum Network. PhoenixDAO is a self-sustaining governance platform that helps manage the Phoenix ecosystem. The Phoenix ecosystem contains three separate solutions that work collectively to create a truly decentralized and secure platform. The three current solutions are: Phoenix DAO Staking dApp Events dApp PhoenixDAO sets the new standards for DAOs and acts as the perfect example of how decentralized organizations triumph over traditional organizations. Every PHNX spending decision is voted by the DAO community and posted on the running budget page to ensure transparency. It is a self-sustaining platform that relies on the revenue generated by its products, such as the dApp store. Users can earn the PHNX token by participating in the governance. Anyone across the world can participate in the governance of the DAO by staking their PHNX token into contracts. PhoenixDAO recently announced internal testing of DAO to ensure the smooth functioning of the platform and the app. Platforms such as PhoenixDAO strengthen the ideology of a DAO and will promote the automation of simple tasks. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 Jun
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Daily Income, Regardless Of What The Crypto Market is D... The headlines have been everywhere lately - just within the last week major news outlets have published claims like 'Cryptocurrency [mining] consumes more electricity than the entire annual energy consumption of the Netherlands' and 'Bitcoin has a carbon footprint comparable to that of New Zealand'.While these claims go back years, Elon Musk recently tweeting that Tesla will suspend accepting Bitcoin payments because of environmental concerns brought these claims to the forefront.Excluded from these reports are the strong arguments saying these claims are unfounded. Oddly, none of the reports attempt to answer the only question that matters - how much *additional* energy was generated because of crypto mining? Instead, they treat excess energy generated by power plants and used by miners as energy created for the miners - even though that energy was already created, and would have been wasted otherwise.Unfortunately, the public was presented only one side of the story, and now many see cryptocurrency as harmful to the environment. But The Solar Oil Project represents a step in the right direction for energy production, helping to lower emissions and reduce environmental hazards - and it's all powered by crypto...Beyond Oil™ is excited to announce the launch of a revolutionary tokenization platform – The Solar Oil Project. The technology platform aims to be the largest tokenized commodity production and exchange mechanism in the world. The platform supports local oil well operators to deploy innovative technology solutions that dramatically reduce the carbon footprint of oil production while recycling old oil wells that are abandoned or underutilized. This ‘oil well recycling’ program accomplishes multiple goals from an economic and environmental perspective:Reduce cost of production and maintenance by almost 60% Greatly reduce carbon intensity of production (as much as 90%!)Eliminate need for new oil well drillingRecycle and rehab old oil wellsEliminate eco-hazard of chemical leaks from abandoned oil wellsThe Project uses the Blockchain network to distribute tokenized oil production via ERC-20 token rewards to the users. It uses one of the latest oil extraction technologies, the “Air Lift Technology” (ALT). The Innovation eliminates soil pollution and makes the entire process eco friendly. Solar Oil Platform is Already LIVE and Fully Functional!The Trillion Dollar Problem...In the Southern US alone, more than 100,000 Low-Volume Oil Wells are either abandoned or underutilized. These wells can quickly become an ecological hazard and cost close to a Trillion Dollars in clean up across North America. The current estimate for just the cleanup in the US state of Texas alone comes in at over $117 Billion USD. What SOP Intends to do differently...SOP supplies Operators and Owners with the technology and the expertise to replace the old equipment with solar-powered pumps that are economically viable, efficient, and automated. With this, the wells are given a fresh breath of life into profitable production. This is particularly effective for the well sites that are older and have minimal profit margins with traditional technologies.How the Process Works...After review by members of the Solar Oil team, selected oil well sites are equipped with eco-friendly pneumatic pumps, solar panels (where applicable), air compressors, and remote monitoring capabilities. The combination of these technologies results in a modern production mechanism that brings these abandoned wells back into active production. Anyone Can Participate, And Enjoy The Rewards...Perhaps the most attractive part of the project is how it encourages participation of all interested users. Anyone can create a free account on Solar Oil Project’s website (solaroil.io) and purchase the Solar Oil Access Token (SOAX). This non speculative utility token then gives the user access to the platform where they can assign the access tokens towards the work on selected oil well sites. The revenue generated from the token sales is used to then update the wells in the selected portfolios.Because of this, the token does not meet requirements to be classified as a security, meaning US investors who typically cannot participate in the launch of new crypto-based projects are able to invest in Solar Oil.In return, users who participate in this manner receive a portion of the oil production achieved in the form of the SOPX token – The Solar Oil Production token. SOPX distribution is in proportion to how many Access tokens a user assigned to the oil portfolio. The SOPX rewards may then be traded on the Commodity Exchange for other commodities, currencies, or crypto assets. This elegant solution allows for equitable rewards distribution for any users that help protect the environment while resulting in profitable energy resource production.About Beyond Oil™Beyond Oil, led by Chief Strategy Officer Hitesh Juneja, aims to transition the energy sector from fossil fuels to more sustainable green energy overtime in a manner that is practical, and does not cause the economic or ecological harm that sudden and forced changes might cause. To make this happen in a practical manner, Beyond Oil is broken up into three phases with Phase 1, being the Solar Oil Project - a rare and revolutionary application of technology to address one of the major ecological challenges of our time while providing oil commodity backed token rewards!The goal in this phase is to attract a large number of participants through an attractive, profitable business model.On Phase 2 – The Open Commodity Exchange:The oil production from the Solar Oil Project is issued to the stakeholders in the form of the ERC-20 token - SOPX (Solar Oil Production). The SOPX is pegged to the global WTi spot price and is immediately liquidable through the Solar Oil Commodity exchange to a host of other assets such as Gold, Silver, Natural Gas, as well as tens of equities and cryptocurrencies. This represents the first major blockchain development allowing for open exchange between true commodity-backed crypto-assets and other fiat-based assets. The goal of this phase is to establish a robust financial ecosystem that new disruptive technologies can be onboarded into. On Phase 3 – We are focusing on Emerging Disruptive Technologies:Hemp-bioplastic replacementHydrogen based transportMicrobial Fuel cellsAnd additional emerging technologies that do not have established profitable business models will be guided to maturity during this phase. For more Information about SOP, kindly get in touch via https://solaroil.io or https://solaroil.io/contact-us.Company AddressBeyond Oil17918 Blueridge Shores Dr.Cypress, TX 77433United States ------Information Provided via Press ReleaseDistributed by Global Crypto Press AssociationBreaking Crypto NewsSubscribe to GCP in a reader
14 Jun
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3 exciting ways to cut shipping’s ridiculously big carb... Ships carry more than 80% of world trade, and they rely heavily on some of the least environmentally friendly transportation fuels available. There are no cheap, widely available solutions that can lower the shipping industry’s planet-warming carbon emissions – in fact,shipping is considered one of the hardest industries on the planet to decarbonize – but some exciting innovations are being tested right now. As a professor of naval architecture and marine engineering, I work on ship propulsion and control systems, including electrification, batteries and fuel cells. With attention focused on climate change this week as world leaders meet at the…This story continues at The Next Web
14 Jun
35
How startups can lure developers away from the Apples a... We can all agree that starting and running a startup is risky business. From finding financing to creating your first product. Going from initial point A to point B is difficult in any journey and ultimately there is only that one thing that can make it happen – your team. But how can a startup compete for programming talent against household names in the industry, like Google and Apple? The core driving force of any functioning business is of course its people. In the AI industry in particular, many startups struggle to win over talented developers, which often get snatched…This story continues at The Next Web
14 Jun
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Ethereum (ETH) Price Prediction: Traders Remain on Look... Continue reading at Coinspeaker
14 Jun
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Stock-to-Flow Useful for Predicting Crypto Value Continue reading at Coinspeaker
14 Jun
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Staking vs Other Ways of Earning on Cryptocurrencies – ... Continue reading at Coinspeaker
14 Jun
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Chia Coin (XCH) Up 6.6%, Crypto Market Volatility and R... Continue reading at Coinspeaker
14 Jun
40
Beefy and Iron to Push Partial-Collateralized Stablecoi... Beefy Finance recently announced joining hands with Iron Finance, making for a deadly DeFi duo. The integration sees Beefy bringing secure and reliable IRON vaults to help Beefy users gain optimal returns. With a compounding rate of 10x per minute, IRON vaults are helping the Beefy community yield maximum revenue. Iron is also benefiting from …
14 Jun
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Pancakeswap Welcomes Ampleforth to the Syrup Pool The users of PancakeSwap are rejoicing in the new offer of Ampleforth, the cryptocurrency and financial block, at the Syrup pool of PancakeSwap. Just like Bitcoin, Ampleforth is uncollateralized and algorithmic, although, unlike Bitcoin, Ampleforth can be employed for the denomination of stable contracts. The users of PancakeSwap will now be able to use the …
14 Jun
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Watch Out Bitcoin, Here Comes the Altcoin Army Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. There is absolutely no denying the fact that the crypto market has been on an absolute tear over the course of the last twelve odd months, as is made evident by the fact that between January and May of this year alone, the market capitalization of this
14 Jun
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No Crypto in G7 Wrap-up, but Traders, Miners Will Still... German Chancellor Angela Merkel and UK Prime Minester Boris Johnson at the Carbis Bay. The G7 summit in Cornwall has concluded without tackling issues directly related to cryptoassets or central bank digital currencies (CBDCs) – although the crypto community will be looking closely into what agreements on “tax cooperation” and climate pledges could mean for traders and miners
14 Jun
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UK Farmers Use Cow Dung to Power Ethereum Mining, Boost... With the debate on crypto mining’s energy use increasingly involving renewable sources, a rising number of UK farmers are reaching for a surprising reservoir of power - cow waste, aka dung - using this traditional, multipurpose resource to generate electricity for carbon-neutral crypto mining operations, therefore to diversify and up their revenues. Currently,
14 Jun
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Elon Musk, $40K and no demand: 5 things to watch in Bit... Musk leaves the door open for Tesla to accept Bitcoin again, sparking a run to near $40,000 — but will it hold?
14 Jun
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NEO Price Prediction for June 2021
14 Jun
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Tornado Cash: The Ethereum scrambler? Where to Buy
14 Jun
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Amp (amp) sees gains of 21% in 24 hours - where can you...
14 Jun
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TIME Tokens and TimeWarp Staking Launch on Binance Smar...
14 Jun
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A Look at How Second Life's Linden Dollars Helped Kicks...
14 Jun
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Thai SEC orders exchanges to delist Dogecoin, Shiba Inu...
14 Jun
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RNS Solutions & Trustedchain Are Developing Blockchain ...
14 Jun
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Bitcoin price moves toward $40K as on-chain and technic... Bitcoin price is still 38% away from its all-time high but a handful of technical indicators suggest bulls are gathering strength.
14 Jun
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Stock-to-Flow Creator Says '$288K Still in Play,' Mike ...
14 Jun
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JPMorgan Warns of Incoming Bitcoin Bear Market Citing '...
14 Jun
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Is bitcoin cloud mining profitable? How to search for a... Large companies in the field of Bitcoin cloud mining have leased parts of their mining hardware to ordinary people. In this case, users do not need special equipment to mine bitcoins and they simply pay for mining packages. A question may be asked why companies do this when they can personally use this capacity to […]
14 Jun
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Elon Musk Says Tesla Will Resume Accepting Bitcoin When...
14 Jun
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Crypto Long & Short: The Market Gets Smarter
14 Jun
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Why This Bitcoin Price Pattern Spells Short Term Pain F... Bitcoin has held critical support after a move to the downside on Friday and trades at $37,539. A good old...
13 Jun
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Another Way To Think About Bitcoin’s Value One’s opinion on the value of bitcoin depends on one’s definition of value, as it is with anything.
13 Jun
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ZRX Token Review and 2021 Price Predictions Why ZRX? Major advantages/features ZRX – 0x is a blockchain exchange protocol that’s decentralized, making it possible for a P2P – Peer-to-peer exchange of cryptos on the Ethereum blockchain. The ZRX protocol does this by streamlining trading using off-chain orders via smart contracts on the Ethereum blockchain. Unlike other DEXs that carry out transactions on-chain, The post ZRX Token Review and 2021 Price Predictions appeared first on Coingape.
13 Jun
62
MahaDAO Picks Ethereum Layer 2 Polygon for Its Valuecoi... Indian blockchain infrastructure protocol MahaDAO is the latest to launch on a Layer 2 network, announcing its deployment on Polygon (formerly known as Matic). MahaDAO’s ARTH algorithmic stablecoin will go live on the Polygon network, a framework for building and connecting ethereum-compatible blockchain networks, on June 22. Unlike other stablecoins which are backed by fiat […]
13 Jun
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How the NFT market leveraged blockchain tech for explos... Nonfungible tokens present a new way of interacting with the arts, music, sports and the media — and even more.
13 Jun
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Bitcoin price could hit $85K in months as indicators fl... On-chain data suggests that Bitcoin is staging a recovery like in December 2018 and March 2020.
13 Jun
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Is Gold Really An Inflation Hedge? Inflation is back, and that’s usually depicted as good for gold. But is the yellow metal still a hedge against inflation, or has something changed? Q1 2021 hedge fund letters, conferences and more Inflation Makes A Comeback Inflation has returned. This is partly understandable. After all, during the Covid recession , consumers and businesses accumulated […]
13 Jun
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Uniswap Price Prediction for June 2021 With Uniswap V3 on the horizon, what will June bring for UNI’s price? The decentralised finance (DeFi) space has witnessed massive growth over the past few years. Uniswap is one of the most popular names in the DeFi space and performs a whole host of DeFi functions on the Ethereum blockchain. As one of the […]
13 Jun
67
USDT Exchange Inflows Reach 5-Month Low, Is Market Gear... The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going The post USDT Exchange Inflows Reach 5-Month Low, Is Market Gearing Up for Another Dip? appeared first on Coingape.
13 Jun
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Mars Ecosystem - A new decentralized stablecoin paradig... In 2020, the market cap of decentralized stablecoins increased by 20 times. Despite a significant increase, the current market share of decentralized stablecoins is less than 10%. The future growth potential will be even more significant. Mars Ecosystem, a new project aiming to overcome the challenges of decentralized stablecoins, is pleased to confirm it has successfully raised $2 million in seed funding. The round attracted investment from several major blockchain funds, including Continue Capital, Parallel Ventures, Kernel Ventures, and YBB Foundation, among others. The team will now use the funds to help deliver the milestones on its ambitious 2021 roadmap, including an imminent Genesis launch. The fundamental problems of decentralized stablecoin protocols At present, various stablecoin protocols face trade-offs in terms of price stability, degree of decentralization, and scalability. There are also two fundamental problems in common: one is the positive externality problem, and the other is the integration problem. The positive externality problem of stablecoin protocols: The costs of producing and maintaining stablecoins are incurred by the protocol and its users (minters, share holders, bond holders), but the majority of the value comes from the transaction of stablecoins in other DeFi protocols and is captured by these DeFi protocols. The stablecoin protocol cannot capture the value created by it like other DeFi protocols, so the supply of stablecoins from the stablecoin protocol is always less than the real demand for it in the crypto economy. The integration problem of stablecoin protocols: The demand for stablecoins created by the stablecoin protocol is highly dependent on the degree of integration of stablecoins with other DeFi protocols other than the stablecoin protocol. If the integration of stablecoins with other DeFi protocols is ignored, then the supply growth and stability of stablecoins will be affected. Mars Ecosystem's solution to the fundamental problems Mars Ecosystem is an innovative decentralized stablecoin model that solves the problems of positive externalities and integration. The ecosystem combines the creation and use of stablecoins within its own system through three products: Mars Treasury, Mars Stablecoin, and the Mars DeFi protocol. The Mars Stablecoin is a decentralized, price-stable, capital-efficient, and highly scalable protocol. Furthermore, Mars Treasury has the potential to become the central bank of the DeFi world. Mars Ecosystem has the following unique innovations: Treasury assets classification mechanism Mintage control mechanism Anti-"bank run" mechanism The integration of DeFi protocols and stablecoin into the same system Treasury assets classification mechanism When minting USDM, users need to place $1 worth of Mars Treasury whitelist assets into the Mars Treasury. The whitelisted assets accepted by the Mars Treasury are divided into the following levels: a) Stablecoin b) Digital gold (BTC) c) Layer-1 leaders (ETH, BNB, etc.) d) DeFi Blue Chips (UNI, AAVE, etc.) e) Mars Ecosystem Token (XMS) The volatility of assets from level 1 to level 5 gradually increases. Mars Treasury determines the maximum acceptable proportion of various assets in the treasury according to the volatility of multiple assets. The greater the volatility of an asset, the lower the maximum acceptable proportion in the treasury. The design of the Treasury assets classification mechanism is a solution to the integration problem of the stablecoin protocol. By accepting mainstream DeFi protocol tokens into the treasury to mint Mars stablecoins, Mars treasury can accumulate mainstream DeFi protocol tokens. Holding mainstream DeFi protocol tokens, Mars Ecosystem aims to cooperate with mainstream DeFi protocols and participate in their governance, especially when it comes to a proposal that is favorable to the integration of Mars stablecoins into these DeFi agreements. Mintage control mechanism The maximum circulating supply of USDM is determined by the market cap of XMS. Every 3 minutes, the system calculates the average market cap of XMS in the past 3 minutes, and divides this average market cap by a parameter called XMS Support Ratio which is determined by the protocol governance. The number thus obtained is defined as USDM Supply Cap. In the next 3 minutes, users can only mint USDM up to this USDM Supply Cap. If the XMS support ratio is 3, then the market cap of XMS will always be 3 times the USDM Supply Cap minted. This value capture model can capture the growing demand for stablecoin USDM like traditional seigniorage model or governance token burn model. At the same time, when the demand for stablecoin decreases and the users redeem stablecoins to governance tokens and sell governance tokens on the market, the mintage control mechanism ensures that the market cap of governance tokens is sufficient to support the stablecoin price stability. Intuitively, there is a governance token of at least $3 backing every stablecoin in circulation. Anti-"bank run" mechanism The anti-"bank run" mechanism is guaranteed by the asymmetry of minting and redeeming assets. The asymmetry of minting and redeeming assets means that users place the Mars Treasury whitelisted assets into the Mars Treasury when minting USDM, and get XMS when redeeming USDM, so the assets submitted to the Mars Treasury during minting and the assets obtained when redeeming are different. The symmetric design of Frax and other stablecoin protocols can cause "bank runs", because from the perspective of game theory, redeeming stablecoins as early as possible is the optimal strategy for all users. The asymmetric design of Mars Ecosystem makes redeeming stablecoins as early as possible no longer an optimal strategy for all users: users who redeem USDM early can have better liquidity when selling XMS than users who redeem USDM later. But all users who are eager to sell XMS must bear the slippage loss when trading on Mars Swap; because Mars Treasury is the main provider of XMS liquidity, these slippage losses are captured by Mars Treasury, and the ratio of the value of Mars Treasury’s reserve assets to the amount of USDM owned by the users will rise, so users who redeem later or never redeem can exchange their USDM for greater value. This anti-"bank run" mechanism prevents the protocol from collapsing even in the most extreme cases. The integration of DeFi protocols and stablecoin into the same system Compared with other stablecoin protocols, Mars Ecosystem includes a variety of DeFi protocols in addition to the stablecoin module. Transaction fees generated by the Mars stablecoin circulating on these Mars DeFi protocols can be captured by the Mars Ecosystem and provide valuable support for the Mars Ecosystem governance token. For example, Mars Swap is an AMM DEX similar to Uniswap. Mars Swap provides mining incentives for LPs and transactions of Mars stablecoins, thereby incentivizing users to use Mars stablecoins on Mars Swap. This design will incentivize early use cases to help alleviate the integration problem of the stablecoin protocol. On the other hand, users can stake Mars Ecosystem governance token in Mars Swap to obtain Mars Swap transaction fees. This design is a solution to the externality problem of the stablecoin protocol. Roadmap to Mars Mars Ecosystem has committed to an ambitious roadmap covering the next year of development. On June 14, the project will launch IDOs on several major BSC launchpads including BakerySwap, Launchzone and Helmet.insure. There is also an IMO (Initial Mars Offering) opportunity on Mars Ecosystem website where small investors can enjoy better investment terms than VCs and institutions. Mars Swap will also be launched on BSC on June 14, so all the governance token holders can stake at Mars Swap to earn transaction fees. A Genesis Launch event will be held in late June. The purpose of the Genesis event is to onboard the first batch of users to mint stablecoins in Mars Ecosystem and to earn free rewards. In Q3 2021, Mars Stableswap, which is an DEX for stablecoins, will be launched. The system will also be expanded to Ethereum and Solana. More info can be found at Twitter @MarsEcosystem. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 Jun
69
Make Amazon dropshipping and private labels your ultima... TLDR: The 2021 Complete Amazon Dropshipping and Private Label Master Class Bundle can help you launch a new side hustle with Amazon that you can grow into thousands a month. Kate was a journalist and salesperson who’d never considered starting her own business before. But after learning about dropshipping, Kate launched an anime-themed online storefront – and soon was making $32,000 a month. Meanwhile, Zach went from being an ecommerce newbie to making $23,000 in Amazon sales in just 5 months after launching his own stable of private label products. No road to riches is easy, but understanding how successful…This story continues at The Next Web
13 Jun
70
“Cardano’s ‘Green’ Blockchain Technology Leads the Indu... On June 10, blockchain technology company EMURGO explained how the Proof-of-Stake (Pos) consensus used by Cardano ($ADA) provides a “more energy-efficient alternative for users and enterprises” than the Proof-of-Work (PoW) consensus used most notably by Bitcoin. In its blog post, EMURGO, which has developed Yoroi wallet for Cardano, started by pointing out how energy-hungry Bitcoin’s PoW […]
13 Jun
71
Bitcoin Taproot upgrade finally locked-in, activation s... With Taproot achieving the 90% critical consensus mark among mining nodes, all is now set for Bitcoin soft fork activation later in November.
13 Jun
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$288K BTC price 'still in play' says PlanB as Bloomberg... Bitcoin would "surprise" the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time.
13 Jun
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Here’s how Bitcoin’s impending death cross could be a c... Bitcoin traders are sitting on their hands after spotting a death cross on the daily chart but could this be a buy signal for contrarian investors?
13 Jun
74
Is there a right way to regulate crypto? Yes, and this ... Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation.
12 Jun
75
RenVm &REN Token Review And 2021 Price Predictions Why REN? Major advantages/features Ren is a blockchain interoperability platform that supports the transfer of cryptocurrencies between different distributed ledger platforms in a trustless manner, without a centralized third party or custodial. Staring off in the early days as a service that allows for settling trustless OTC trades, the Ren protocol shifted its focus to The post RenVm &REN Token Review And 2021 Price Predictions appeared first on Coingape.
12 Jun
76
Mythical Games to Launch NFT Platform Following $75M Fu... Continue reading at Coinspeaker
12 Jun
77
Bank of Namibia Reiterates its 2018 Position on Crypto ...
12 Jun
78
BTC On-Chain Analysis: LTHs Accumulating – Is This a Be...
12 Jun
79
Pronouncements from the G-7 allow green fintech to flou... Sustainability and the need to lessen climate change amid the COVID-19 pandemic have become the global economic agenda.
12 Jun
80
Terra LUNA Project Review and LUNA Price Predictions 20... Why LUNA? Major advantages/features Terra – LUNA is a project by Terraform Labs, founded by Daniel Shin and Do Kwon. The duo had an ambition for rapid blockchain and cryptocurrency adoption by focusing on ease of use and price stability. Terra makes it possible to create stablecoins pegged to a broad range of fiat currencies The post Terra LUNA Project Review and LUNA Price Predictions 2021 appeared first on Coingape.
12 Jun
81
Shirtum: New Sports Collectible Marketplace Bringing Fa...
12 Jun
82
Cardano Is Exploring A New Mechanism That Will Transfor... Cardano is working on a new research project or mechanism to help make transaction fees fair, stable, and more predictable over time, according to a new blog by the network’s parent company IOHK. The blog titled “Stablefees and the Decentralized Reserve System” explains that a good system should have a mechanism for adjusting transaction costs […]
12 Jun
83
Altcoin Roundup: Market cycle analysis screamed 'take p... Even grandma was bullish on Bitcoin in April, but market cycle analysis shows it was past time to take profit.
12 Jun
84
Basketball star turned digital racehorse tycoon: Wilson... A journey that started with trading shitcoins has now become a growing passion for NFTs — part of a wider wave of NBA players and cultural tastemakers taking over the blockchain space.
12 Jun
85
How ‘Flashbots’ fighting MEV extraction help the Ethere...
12 Jun
86
Argentina Is Investigating 9 Fintech Firms for Illegall...
12 Jun
87
Cardano Researching ‘Stablefees’ for Cheaper Crypto Tra...
11 Jun
88
Wall Street Giants Want to Be Your Landlord - Data Show...
11 Jun
89
Money Reimagined: Bitcoin's Green Savior?
11 Jun
90
El Salvador to Offer ‘100% Clean’ Geothermal-Powered En... Bitcoin price surges as El Salvador offers 100% clean energy from volcanoes Clean energy powering Bitcoin mining is good news for the environment El Salvador President Nayib Bukele has announced plans to have Bitcoin miners use the country’s geothermal facilities for mining. According to him, the country’s geothermal electric company can offer access to cheap […]
11 Jun
91
Elizabeth Warren lambasts cryptocurrencies in Senate He... Massachusetts senator Elizabeth Warren appeared before the Senate Banking Committee yesterday The Senator did not hold back in showing her utter disapproval of cryptocurrencies in the appearance meant to discuss the possibility of a government-backed Central Bank Digital Currency (CBDC). Warren came out guns blazing as she defined her position in regards to cryptocurrencies in […]
11 Jun
92
Vvolt launches $1399 ebikes with a motor made by… Acer? Here at TNW, we’ve written a lot about ebikes and a lot about Acer, but not about any ebikes powered by Acer components. As it turns out, Acer recently began making motors via its cycling sub-brand Xplova, and a new ebike company named Vvolt will be the first to bring these motors to the US in two of its four launch models. Acer partnership aside, Vvolt’s bikes look like welcome additions to the American ebike market. The company’s bikes are designed with reasonable prices and durability in mind — the bikes start at $1,399 and each use belt drives — without…This story continues at The Next Web
11 Jun
93
Why Bitcoin, Not S***coin Why bitcoin is not only the best investment of our time, and the only good “crypto,” but the only moral, economic and philosophically sound place to store your wealth.
11 Jun
94
Miami stakes the claim to become the world’s Bitcoin an... Miami has a dynamic mayor, lots of VC money and is coming off the largest ever crypto extravaganza, but is that enough without legal clarity?
11 Jun
95
Blockchain in Action: How Tech Is Changing Everyday Liv...
11 Jun
96
Bitcoin at $200K by Year's End? Some Crypto Options Tra...
11 Jun
97
Cardano Price Prediction for June 2021
11 Jun
98
FootballCoin Launches Euro 2020 Fantasy Game with Colle...
11 Jun
99
Bitcoin News Roundup for June 11, 2021
11 Jun
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