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Raiinmaker, a social media platform built to connect fans with influencers, has passed a recent set of security audits conducted by cybersecurity firm Zokyo.

Raiinmaker Passes Audits

Social media fan engagement platform Raiinmaker has successfully passed a set of comprehensive smart contract audits by cybersecurity agency Zokyo. Raiinmaker’s Proof of Influence protocol was stress-tested by Zokyo’s blockchain security team, ensuring that the app met appropriate token standards, smart contract logic, and security.

‘We’re delighted to have passed Zokyo’s rigorous security audits, as Hartej and the team are widely considered one of the best,’ said J.D Seraphine, founder and CEO of Raiinmaker. “Ultimately we’re happy to confirm the efficiency of our Proof of Influence protocol and its smart contracts.”

Raiinmaker is a social engagement platform that unites fans and communities with brands and creators under one roof, providing the decentralized infrastructure to launch media drives via popular social media channels such as Twitter, Instagram, and Facebook.

Targeting an influencer marketing industry expected to be worth $15 billion in 2022, Raiinmaker upends traditional advertising methods by connecting clients directly with influencers. Through a combination of match-making, incentivization, and a unique “Proof-of-Influence” protocol, Raiinmaker utilizes the blockchain’s decentralized structure to cut out advertising middle-men.

Zokyo is a digital product and cybersecurity agency that tests the security of early-stage startups and Fortune 500 companies through a series of protocol audits, penetration testing, and other safety checks. The firm has carried out audits on numerous cryptocurrency projects, becoming a trusted entity in the blockchain space.

The successful security audit is likely to shine a spotlight on the upcoming launch of Raiinmaker’s in-house token, Coiin. In the Raiinmaker app, Coiin is used to launch reward pools which are used to directly finance marketing campaigns. Influencers are paid in Coiin for the tasks they perform and the engagement they draw, while users can also stake Coiin Rewards in a Proof-of-Stake model to earn additional passive income.

Raiinmaker aligns incentives and brand goals to generate word-of-mouth and grow fan affinity. By leveraging the power of decentralized identity, brands and creators can better stimulate conversations and drive engagement by adding likes, comments, and views to content. Raiinmaker leverages blockchain to automate fan engagement processes and provides digital rewards at a fraction of the cost of traditional solutions, empowering fans to discover, grow, and earn rewards through social action.

Zokyo offers smart contract and protocol auditing, penetration testing, and web and mobile design guidance as one of the blockchain space’s most reputable cybersecurity agencies, confirming the safety and functionality of decentralized cryptocurrency projects. Zokyo also offers enterprise-grade features at affordable rates through a blend of onshore and offshore services.

For more information, contact Monroe Rothschild, Head of Marketing at Raiinmaker, at [email protected]

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AscendEX, a global digital asset trading platform, is thrilled to announce the listing of the Refinable token (FINE) under the pair USDT/FINE on Sept. 28 at 1 p.m. UTC.

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Refinable is an interactive, multi-chain capable NFT marketplace with a one-stop solution to create, discover, trade, and leverage NFTs for brands and creators. Refinable is the first NFT marketplace built on the Binance Smart Chain enabling users and established brands to interact with each other by leveraging NFTs.

Beyond standard marketplace features, Refinable’s strategy is quite different from other NFT marketplaces. They are actively talking to non-crypto companies to develop unique NFT engagements. Its community’s strength will differentiate the NFT marketplace on Refinable, and they believe the most engaged, long-lasting communities are those of existing and beloved brands. Refinable believes in the idea that each brand would bring with it a whole community of users. The main goal and long-term value proposition for Refinable is to onboard brands and their dedicated communities.

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As gas prices continue to rise on the Ethereum chain, it is becoming prohibitively expensive for creators and traders alike. These high costs stymy artists’ creativity and willingness to engage with the technology. Beyond the general inaccessibility, brands also lack an easy onramp to work with NFTs. 

Refinable is building on BSC to solve these issues, providing users and brands with cheaper and more efficient scalability options. Additionally, BSC offers smart contracts that Refinable will leverage for engagements between its users and brand partners. Building on BSC represents an untapped opportunity to drive customer engagement and reach new demographics. Overall, the decision to run Refinable on BSC creates an accessible environment for brands and users to start engaging with NFTs and like-minded communities.

FINE is the platform’s native token. Token holders can access membership tiers with more platform benefits such as discounted service fees. Users can spend FINE tokens to access certain platform features without membership requirements, such as priority listing. Furthermore, token holders can obtain governance privileges to suggest proposals and even moderate content on the platform.

AscendEX’s listing of the FINE token highlights its commitment to supporting the growth of the NFT ecosystem. FINE joins a long list of high-quality NFT based projects listed on AscendEX. You can find a list of NFT related listings here.

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit the AscendEX website.

For more information and updates, please visit AscendEX on social media:

Twitter | Telegram | Medium

Refinable is an interactive, multi-chain capable NFT marketplace that provides a one-stop solution to create, discover, trade, and leverage NFTs for brands and creators. Refinable is the first NFT marketplace built on Binance Smart Chain that enables individual users and established brands to interact by leveraging NFTs.

For more information and updates, please visit:

Website | Twitter | Telegram | Medium

Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. SponsoredShare ArticleRelated topicsAscendExRefinable token BeInCrypto Staff

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Closely followed crypto strategist and trader Michaël van de Poppe is highlighting the top five altcoins to watch in October.

In a new strategy session, Van de Poppe tells his 130,000 YouTube subscribers that he’s keeping an eye on decentralized oracle network Chainlink in its Bitcoin pair (LINK/BTC). According to Van de Poppe, LINK/BTC is now in an uptrend and is threatening to pull off a 40% surge from its current value of 0.00057 BTC, worth $25.22.

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“So once we hold this higher low (0.000528 BTC or $23.36) and we start to crawl back up, this resistance is the one that we have to break (0.00066 BTC or $29.20)… Once we break through it, the first real target zone is the area around 0.0008 BTC ($35.39).”

Next up is Curve, the governance token of decentralized exchange Curve Finance (CRV). Van de Poppe predicts that the CRV/BTC pair is poised to print a 44% move from its trading price of 0.000059 BTC or $2.55.

“What we also do see is that Curve has been seeing this beautiful retest here (0.000049 BTC or $2.17), a beautiful structure in which we’re most likely going to see continuation toward the resistance here (0.000085 BTC or $3.76)”

Another coin on the trader’s list is elastic blockchain network SKALE. The crypto trader predicts that SKALE is ready for a run-up against Bitcoin (SKL/BTC) in the coming month.

“We are ready for another run toward the high here (0.00001 BTC or $0.44), which is likely going to take place in October.”

The Graph, a platform that indexes and organizes blockchain data, is also on the trader’s list. According to Van de Poppe, The Graph is one resistance away from igniting a 100% surge against Bitcoin (GRT/BTC).

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“[The] area to break is the area around 0.0000185 BTC ($0.82). If that one breaks, the entire structure breaks, and we most likely are going to print a new higher high around the area of 0.00003 BTC ($1.33).”

Finally, Van de Poppe says he’s keeping an eye on decentralized exchange protocol THORChain against Bitcoin (RUNE/BTC). Van de Poppe expects RUNE/BTC to consolidate before launching a 100% rise from its current price of 0.00016 BTC, worth $7.04.

“I’m assuming that we’re going to grant ourselves some slight consolidation, grant ourselves a higher low and then we start continuing. Also, the trend has shifted here: higher high, higher lows. So if we continue to move, this higher high (0.00024 BTC or $10.62) has to be taken out. Then I’m going to look at targets around 0.00031 BTC ($13.72) to 0.00034 BTC ($15.04).” 

I

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Submit a Press ReleaseCrypto Livewire – Press ReleasesPolygon-Based Multi-Region Fantasy Game Gaia EverWorld Closes $3.7 Million Seed RoundOctober 20, 2021OpenOcean Atlantic Outperforms Returns by Other Leading DEX AggregatorsOctober 19, 2021$SHILL Public Sale – The First GameFi Multi-Chain Initial Token Offering RevealedOctober 19, 2021MojitoSwap DEX Launched on KCC With 1,000,000 MJT Airdrops To Reward the KCS CommunityOctober 18, 2021Gate.io Partners With Pyth Network To Provide Real-Time Crypto Price DataOctober 18, 2021APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop StrategyOctober 15, 2021Panther Protocol and Kudelski Security Join Forces To Accelerate Privacy Tech in the UKOctober 15, 2021Submit a Guest m$4,120.21$4,120.217.99%Binance 588486.94%SpotlightThese Catalysts Could Trigger Historically Bullish Q4 for Bitcoin: Crypto Analytics Firm Head of ResearchOctober 14, 2021Bitcoin Bull Tone Vays Says Pullback Coming – Here’s His New Crypto OutlookOctober 17, 2021Bitcoin Futures ETF Becomes Second-Biggest Launch of All Time With Nearly $1,000,000,000 Worth of Volume on First DayOctober 20, 2021Coinbase CEO Unveils Crypto Regulation Proposals, Says They Can Ensure US Remains Global Financial LeaderOctober 15, 2021

AscendEX is excited to announce the Kin token (KIN) listing under the trading pair KIN/USDT on October 19 at 1 p.m. UTC.

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In celebration of the listing (under the pair KIN/USDT), AscendEX and the Kin team will launch several limited-time promotional events, taking place between 1:00 p.m.

UTC on October 19, 2021, and 12:00 a.m. UTC on October 26, 2021. By depositing KIN to their AscendEX account, users will be provided a chance to share 50,000 USDT worth of KIN pooled rewards.  

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The Kin protocol is built to scale for mass usage and supports an ecosystem-wide digital economy where app developers and mainstream consumers carry out millions of micro-transactions.

Kin is one of the easiest and fastest pathways for developers to build innovative, cryptocurrency-based user experiences that result in greater engagement and shared economic benefits.

App developers, of any kind, located in any market, can seamlessly integrate the Kin SDK into their native platform and therefore become active participants in the Kin ecosystem. Through the Kin Rewards Engine, developers are not only able to create unique user experiences, but also earn rewards for when users spend KIN within their applications, ultimately addressing a major dilemma facing the Web3 world: developer monetization.

This process of developer incentivization and shared value across the ecosystem gives app developers, content creators, and users a new way to earn real value from their contributions to the shared digital space – the better application experience a developer creates, the more usage the app will see, the happier the users will be, and in turn, developers will see increasing financial gains.

KIN, recently having migrated to the Solana blockchain, is utilized as a consumer token for day-to-day platform interactions on Kin, such as chat functionality, social media engagement, payments, gaming, and the distribution of user rewards. With more than 2 million users earning and spending KIN every month, the Kin blockchain has seen immense growth in its three years of active participation.

As of today, the platform has been incorporated into more than 20 third-party applications. During the month of August 2021, the Kin ecosystem completed an impressive 28 million total transactions, averaging at about 933K on-chain Solana transactions per day.

At its core, Kin is seeking to create a fair, digital world built by a diverse group of developers and users looking to better the decentralized economy. To learn more about the Kin ecosystem, and KIN’s functionalities, visit their website. 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Etheruem, and Ripple.

Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.

AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit the webiste.

AscendEX on social media: Twitter, Telegram, or Medium.

The Kin Blockchain is built to scale for mass usage and supports an ecosystem-wide digital economy where app developers and mainstream consumers carry out millions of microtransactions. Kin is the easiest and fastest path for developers to build innovative cryptocurrency-based user experiences that result in greater engagement, and shared economic benefits.

For more information and updates, visit the website, Twitter, or Telegram.  

Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. SponsoredShare ArticleRelated topicsAscendExKin token BeInCrypto Staff

The opinion of BeInCrypto staff in a single voice.

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News Cryptocurrency Blockchain Bitcoin Finance Forex XRP Ethereum Stellar Dogecoin Cardano TRON Litecoin Bitcoin Cash IOTA Binance Coinbase KuCoin Huobi Bithumb Interview Forecast Vechain Stellar Lumens Dogecoin Ontology Zcash Zilliqa Ethereum XRP Bitcoin TRON MATIC Binance Coin Dash REN IOTA Filecoin Monero Litecoin Uniswap SushiSwap BAT Polkadot Bitcoin Cash Chainlink Tezos DigiByte Ethereum Classic Cardano Bitcoin SV Neo EOS Bitcoin Gold Algorand Kyber Network Elrond THETA Chiliz Solana NEM Holochain Waves Maker Terra Aave Synthetix 0x (ZRX) Fantom PancakeSwap Bancor 1inch SafeMoon Avalanche Nexo Cosmos FTX Token Klaytn Kusama BitTorrent Compound Crypto.com (CRO) Huobi THORChain Hedera Shiba Inu Theta Fuel Decred Celsius Wrapped Bitcoin Yearn Finance Telcoin XinFin Network Decentraland Quant Axie Infinity Amp The Graph Enjin Helium Horizen OKB NEAR Protocol Swissborg Internet Computer UNUS SED LEO Bitcoin BEP2 Counos X Ravencoin Winklink Qtum FunFair Verge Decentral Games Lotto Crypto Exchange Crypto Exchange USA Crypto Exchange UK Crypto Exchange IN Crypto Exchange AU Crypto Exchange CA Coinbase Bityard Coinmama Gemini Kraken Poloniex WazirX ZebPay Binance Bittrex Bitstamp StormGain Bitfinex Changelly Bybit Bexplus CEX.IO OKEx PrimeXBT BiKi Wirex Okcoin Gate.io Luno Crypto.com EXMO YoBit Coinfloor Bitaroo Independent Reserve StealthEX KuCoin BTC Markets xCoins bitFlyer Bitcoin Australia Hotbit CoinJar CoinSpot CoinZoom Bitbuy VDollar Bingbon AAX Tokenize Dsdaq Margex DigiFinex BitMart Digital Surge Mine Digital SwapSpace Swyftx ChangeNOW BaseFEX Shrimpy CoinBurp VALR Quadency Swan Bitcoin Phemex Easy Crypto Instars Cointree FTX BitMEX BitForex Coinage Safello CoinSwitch Kuber Bitpanda Paybis Bitcoin.de Coinberry Bity Kiwi Coin Coinbase Pro Unocoin Bitonic Bisq Bitpanda Pro CoinBene LocalCoinSwap BuyaBitcoin Coinmate Revolut HitBTC IDEX Exchange Zipmex NairaEx Uphold CoinLoft Indacoin BitPrime Paxful CoinField Payeer Liquid Bit-Z Waves Exchange Deribit BitBay TimeX HPX BTCC Voyager WunderBit RelayPay Wall of Coins Swapzone BitRabbit ABIT Bamboo Relay Bleutrade Vaultoro Mercatox LBank EXX Coinstash ZB.com Coinsbit Bitwells ChangeHero Delta Mixcoins SimpleSwap BKEX LetsExchange The Rock Trading Bitbns Bithumb P2PB2B Coinpass Zerion Bibox Bitso Bittylicious NiceHash CoinSmart PointPay CoinCasso Huobi Shakepay CoinCorner CoinEx BC Bitcoin Coinsquare CoinFalcon EQONEX MDEX Redot B2BX Polyx Currency.com Netcoins CrossTower BigONE Upbit Tidex Nominex Coindirect Qurrex ProBit MXC Bitvo DeversiFi Newton LocalBitcoins ShapeShift CoinEgg Bit2Me CoinDCX n.exchange RightBTC MyBTC.ca Hoo Dcoin NDAX AirSwap Bitinka FX Brokers Forex Brokers AU Forex Brokers UK IQ Option Markets.com Pepperstone AxiTrader CMC Markets Dukascopy eToro IG London Capital Group Plus500 FOREX.com Oanda XTB easyMarkets IC Markets City Index XM TD Ameritrade UFX Saxo Bank FXCM FP Markets Blueberry Markets Go Markets NinjaTrader AvaTrade Zerodha No Deposit Bonus Professional Forex Trading Software Best Forex Signals DEGIRO Binomo SimpleFX HotForex Exness LMAX FXPRIMUS Vantage FX Interactive Brokers Trading 212 CommSec OctaFX RoboForex Libertex FxPro BDSwiss Alpari Guide Crypto Wallet MyEtherWallet Atomic Wallet Exodus Wallet Trust Wallet Coinbase Wallet Electrum Wallet Jaxx Wallet Mycelium Wallet Trezor Wallet CoinPayments Wallet Argent Wallet Blockchain.com Crypto Lending Bitcoin Loan Nexo BlockFi Celsius Network Venus.io Bitrue BTCPOP SpectroCoin Torque.loan CoinLoan SALT Lending YouHodler Oasis Borrow Unchained Capital Aave Yearn.finance Unit Protocol Notional Finance CREAM Finance Alchemix Compound Finance Liquity.org Hodlnaut PR Submit PR Crypto Gambling Bitcoin Betting Bitcoin Casino Ethereum Casino FortuneJack BC.Game Stake 7BitCasino BitStarz Bitkingz mBit Events

News Cryptocurrency Blockchain Bitcoin Finance Forex XRP Ethereum Stellar Dogecoin Cardano TRON Litecoin Bitcoin Cash IOTA Binance Coinbase KuCoin Huobi Bithumb Interview Forecast Vechain Stellar Lumens Dogecoin Ontology Zcash Zilliqa Ethereum XRP Bitcoin TRON MATIC Binance Coin Dash REN IOTA Filecoin Monero Litecoin Uniswap SushiSwap BAT Polkadot Bitcoin Cash Chainlink Tezos DigiByte Ethereum Classic Cardano Bitcoin SV Neo EOS Bitcoin Gold Algorand Kyber Network Elrond THETA Chiliz Solana NEM Holochain Waves Maker Terra Aave Synthetix 0x (ZRX) Fantom PancakeSwap Bancor 1inch SafeMoon Avalanche Nexo Cosmos FTX Token Klaytn Kusama BitTorrent Compound Crypto.com (CRO) Huobi THORChain Hedera Shiba Inu Theta Fuel Decred Celsius Wrapped Bitcoin Yearn Finance Telcoin XinFin Network Decentraland Quant Axie Infinity Amp The Graph Enjin Helium Horizen OKB NEAR Protocol Swissborg Internet Computer UNUS SED LEO Bitcoin BEP2 Counos X Ravencoin Winklink Qtum FunFair Verge Decentral Games Lotto Crypto Exchange Crypto Exchange USA Crypto Exchange UK Crypto Exchange IN Crypto Exchange AU Crypto Exchange CA Coinbase Bityard Coinmama Gemini Kraken Poloniex WazirX ZebPay Binance Bittrex Bitstamp StormGain Bitfinex Changelly Bybit Bexplus CEX.IO OKEx PrimeXBT BiKi Wirex Okcoin Gate.io Luno Crypto.com EXMO YoBit Coinfloor Bitaroo Independent Reserve StealthEX KuCoin BTC Markets xCoins bitFlyer Bitcoin Australia Hotbit CoinJar CoinSpot CoinZoom Bitbuy VDollar Bingbon AAX Tokenize Dsdaq Margex DigiFinex BitMart Digital Surge Mine Digital SwapSpace Swyftx ChangeNOW BaseFEX Shrimpy CoinBurp VALR Quadency Swan Bitcoin Phemex Easy Crypto Instars Cointree FTX BitMEX BitForex Coinage Safello CoinSwitch Kuber Bitpanda Paybis Bitcoin.de Coinberry Bity Kiwi Coin Coinbase Pro Unocoin Bitonic Bisq Bitpanda Pro CoinBene LocalCoinSwap BuyaBitcoin Coinmate Revolut HitBTC IDEX Exchange Zipmex NairaEx Uphold CoinLoft Indacoin BitPrime Paxful CoinField Payeer Liquid Bit-Z Waves Exchange Deribit BitBay TimeX HPX BTCC Voyager WunderBit RelayPay Wall of Coins Swapzone BitRabbit ABIT Bamboo Relay Bleutrade Vaultoro Mercatox LBank EXX Coinstash ZB.com Coinsbit Bitwells ChangeHero Delta Mixcoins SimpleSwap BKEX LetsExchange The Rock Trading Bitbns Bithumb P2PB2B Coinpass Zerion Bibox Bitso Bittylicious NiceHash CoinSmart PointPay CoinCasso Huobi Shakepay CoinCorner CoinEx BC Bitcoin Coinsquare CoinFalcon EQONEX MDEX Redot B2BX Polyx Currency.com Netcoins CrossTower BigONE Upbit Tidex Nominex Coindirect Qurrex ProBit MXC Bitvo DeversiFi Newton LocalBitcoins ShapeShift CoinEgg Bit2Me CoinDCX n.exchange RightBTC MyBTC.ca Hoo Dcoin NDAX AirSwap Bitinka FX Brokers Forex Brokers AU Forex Brokers UK IQ Option Markets.com Pepperstone AxiTrader CMC Markets Dukascopy eToro IG London Capital Group Plus500 FOREX.com Oanda XTB easyMarkets IC Markets City Index XM TD Ameritrade UFX Saxo Bank FXCM FP Markets Blueberry Markets Go Markets NinjaTrader AvaTrade Zerodha No Deposit Bonus Professional Forex Trading Software Best Forex Signals DEGIRO Binomo SimpleFX HotForex Exness LMAX FXPRIMUS Vantage FX Interactive Brokers Trading 212 CommSec OctaFX RoboForex Libertex FxPro BDSwiss Alpari Guide Crypto Wallet MyEtherWallet Atomic Wallet Exodus Wallet Trust Wallet Coinbase Wallet Electrum Wallet Jaxx Wallet Mycelium Wallet Trezor Wallet CoinPayments Wallet Argent Wallet Blockchain.com Crypto Lending Bitcoin Loan Nexo BlockFi Celsius Network Venus.io Bitrue BTCPOP SpectroCoin Torque.loan CoinLoan SALT Lending YouHodler Oasis Borrow Unchained Capital Aave Yearn.finance Unit Protocol Notional Finance CREAM Finance Alchemix Compound Finance Liquity.org Hodlnaut PR Submit PR Crypto Gambling Bitcoin Betting Bitcoin Casino Ethereum Casino FortuneJack BC.Game Stake 7BitCasino BitStarz Bitkingz mBit Events

News Cryptocurrency Blockchain Bitcoin Finance Forex XRP Ethereum Stellar Dogecoin Cardano TRON Litecoin Bitcoin Cash IOTA Binance Coinbase KuCoin Huobi Bithumb Interview Forecast Vechain Stellar Lumens Dogecoin Ontology Zcash Zilliqa Ethereum XRP Bitcoin TRON MATIC Binance Coin Dash REN IOTA Filecoin Monero Litecoin Uniswap SushiSwap BAT Polkadot Bitcoin Cash Chainlink Tezos DigiByte Ethereum Classic Cardano Bitcoin SV Neo EOS Bitcoin Gold Algorand Kyber Network Elrond THETA Chiliz Solana NEM Holochain Waves Maker Terra Aave Synthetix 0x (ZRX) Fantom PancakeSwap Bancor 1inch SafeMoon Avalanche Nexo Cosmos FTX Token Klaytn Kusama BitTorrent Compound Crypto.com (CRO) Huobi THORChain Hedera Shiba Inu Theta Fuel Decred Celsius Wrapped Bitcoin Yearn Finance Telcoin XinFin Network Decentraland Quant Axie Infinity Amp The Graph Enjin Helium Horizen OKB NEAR Protocol Swissborg Internet Computer UNUS SED LEO Bitcoin BEP2 Counos X Ravencoin Winklink Qtum FunFair Verge Decentral Games Lotto Crypto Exchange Crypto Exchange USA Crypto Exchange UK Crypto Exchange IN Crypto Exchange AU Crypto Exchange CA Coinbase Bityard Coinmama Gemini Kraken Poloniex WazirX ZebPay Binance Bittrex Bitstamp StormGain Bitfinex Changelly Bybit Bexplus CEX.IO OKEx PrimeXBT BiKi Wirex Okcoin Gate.io Luno Crypto.com EXMO YoBit Coinfloor Bitaroo Independent Reserve StealthEX KuCoin BTC Markets xCoins bitFlyer Bitcoin Australia Hotbit CoinJar CoinSpot CoinZoom Bitbuy VDollar Bingbon AAX Tokenize Dsdaq Margex DigiFinex BitMart Digital Surge Mine Digital SwapSpace Swyftx ChangeNOW BaseFEX Shrimpy CoinBurp VALR Quadency Swan Bitcoin Phemex Easy Crypto Instars Cointree FTX BitMEX BitForex Coinage Safello CoinSwitch Kuber Bitpanda Paybis Bitcoin.de Coinberry Bity Kiwi Coin Coinbase Pro Unocoin Bitonic Bisq Bitpanda Pro CoinBene LocalCoinSwap BuyaBitcoin Coinmate Revolut HitBTC IDEX Exchange Zipmex NairaEx Uphold CoinLoft Indacoin BitPrime Paxful CoinField Payeer Liquid Bit-Z Waves Exchange Deribit BitBay TimeX HPX BTCC Voyager WunderBit RelayPay Wall of Coins Swapzone BitRabbit ABIT Bamboo Relay Bleutrade Vaultoro Mercatox LBank EXX Coinstash ZB.com Coinsbit Bitwells ChangeHero Delta Mixcoins SimpleSwap BKEX LetsExchange The Rock Trading Bitbns Bithumb P2PB2B Coinpass Zerion Bibox Bitso Bittylicious NiceHash CoinSmart PointPay CoinCasso Huobi Shakepay CoinCorner CoinEx BC Bitcoin Coinsquare CoinFalcon EQONEX MDEX Redot B2BX Polyx Currency.com Netcoins CrossTower BigONE Upbit Tidex Nominex Coindirect Qurrex ProBit MXC Bitvo DeversiFi Newton LocalBitcoins ShapeShift CoinEgg Bit2Me CoinDCX n.exchange RightBTC MyBTC.ca Hoo Dcoin NDAX AirSwap Bitinka FX Brokers Forex Brokers AU Forex Brokers UK IQ Option Markets.com Pepperstone AxiTrader CMC Markets Dukascopy eToro IG London Capital Group Plus500 FOREX.com Oanda XTB easyMarkets IC Markets City Index XM TD Ameritrade UFX Saxo Bank FXCM FP Markets Blueberry Markets Go Markets NinjaTrader AvaTrade Zerodha No Deposit Bonus Professional Forex Trading Software Best Forex Signals DEGIRO Binomo SimpleFX HotForex Exness LMAX FXPRIMUS Vantage FX Interactive Brokers Trading 212 CommSec OctaFX RoboForex Libertex FxPro BDSwiss Alpari Guide Crypto Wallet MyEtherWallet Atomic Wallet Exodus Wallet Trust Wallet Coinbase Wallet Electrum Wallet Jaxx Wallet Mycelium Wallet Trezor Wallet CoinPayments Wallet Argent Wallet Blockchain.com Crypto Lending Bitcoin Loan Nexo BlockFi Celsius Network Venus.io Bitrue BTCPOP SpectroCoin Torque.loan CoinLoan SALT Lending YouHodler Oasis Borrow Unchained Capital Aave Yearn.finance Unit Protocol Notional Finance CREAM Finance Alchemix Compound Finance Liquity.org Hodlnaut PR Submit PR Crypto Gambling Bitcoin Betting Bitcoin Casino Ethereum Casino FortuneJack BC.Game Stake 7BitCasino BitStarz Bitkingz mBit Events

Thorchain(RUNE) is a cross-chain liquidity platform which allows you to swap assets across chains without any intermediaries or custodians in a decentralized environment. Users can then provide liquidity to asset pairs in Liquidity pools allowing them to earn a part of the fees as reward.

RUNE is the native token of the THORchain ecosystem.

There are plenty of chains out there which allow you to swap assets between chains but here's what sets RUNE apart from the rest.

Unlike other chains where you have to trust a custodian to help you move your assets to other chains , RUNE does the same thing only difference your in control of your assets all the time.

Ok , so how does RUNE do this?

Cross-chain /One-way state pegs (The Bifröst Protocol)

Your assets aren't pegged , the state of the chain is. THORnodes listen to transactions on other supported chains and they record the same in the form of "witness" transactions on THORchain. The nodes reach a consensus that the transaction happened by running the clients of the supported networks. 

There are 4 major players in the RUNE ecosystem :

Liquidity Providers : Get paid fees for providing liquidity for swapping assets 

Node Operators : Keep RUNE as "bond" and get paid for ensuring network security. 

Swappers : Users who swap assets using liquidity provided by LPs.

Traders : People who keep a close eye on pools trying to swap assets for a profit.

THORchain State Machine

The state machine records transactions, changes made to the blockchain state and makes transactions to asset vaults.

Consensus

Thorchain uses the Byzantine Fault Tolerance (BFT) Tendermint engine.The network can function perfectly even if 1/3rd (33%) of the network participants act maliciously which is possible because the node operators are required to bond RUNE in order to ensure that they won't harm the network. But if they try to act against the system,  then their bond gets slashed or they lose their RUNE tokens as a penalty for deviating from the protocol thus having a monetary loss if they try anything bad.

THORchain uses the Cosmos-SDK for implementing asset swapping and trading. COSMOS-SDK is one of the leading development kits used by many blockchain projects and exchanges.

Continuous Liquidity Pools (CLP)

THORchain implements CLP which has major advantages such as it does not rely on a centralized party which allows users to trade at fair prices. As the name suggests , the liquidity is always "on" with the assets backed by RUNE.The slip-based fee model also helps traders to execute swaps at reasonable rates.

THORnodes

Like in any other blockchain , THORnodes have a copy of the blockchain and run the network. A node can either be a validator or a light client which synchronizes with the chain and displays data.

Governance Model

Users can add new assets to the THORchain ecosystem by staking it in a new pool. The new pool is recognized by the system and placed in "bootstrap" mode.Initially swapping isn't enabled on such pools.The network monitors these pools and lists the one with the highest value.

When a new pools is placed in bootstrap mode , the value(depth) of the pool is compared with other competing pools. If the new pool is deeper than the smallest active pool ,  then the new asset gets listed and replaces the previous active pool.The pool which was switched back to bootstrap mode undergoes the same process again.

New chains can be listed by the community through THORchain Improvement Proposals (TIP). 

The THOR developer community votes on whether a TIP should be approved or not. If it does get approved,  then the developers write the code and update the THORnode software. The TIP gets implemented (in this case , the new chain gets implemented) when 67% of nodes have updates their software to the newer version.

Similarly,  a chain gets delisted when lesser than 67% of nodes are watching it. 

A chain may also get delisted if the total liquidity in the pool goes to zero when all the LPs pull out their assets. If this happens , the RUNE network immediately cuts all ties with the chain in what is called as 'ragnarok'.

Chain Integrations

The dev team has finished working on Bitcoin which is gonna be integrated very soon. Work is gonna begin on bringing Ethereum next.RUNE is blockchain agnostic ie. it does not favor any single asset/chain but is focused on bringing them together.

Other chains which the community plans on bringing into the RUNE ecosystem:

Bepswap

Bepswap is Binance Chain(BNB) based web-client which is the first Dapp on BNB which allows users to swap , stake and provide liquidity to BEP2 tokens. Bepswap has partnerships with leading blockchain projects like Matic , Elrond , TomoChain and Fantom.

RUNE token 

RUNE is the main asset of the THORchain network. Rune is a BEP2 token on  Binance Chain(BNB).

BNB also uses the COSMOS-SDK like RUNE which enables it to remain blockchain-agnostic. As mentioned before , none of your assets are "pegged" which makes it easier to get them across chains in a trustless environment.

Rune is key to the success of THORchain as it is used to add liquidity to the pools. All the cross-chain assets are paired with RUNE. It is used to pay fees , governance  and give out rewards to LPs.

Where to buy and store RUNE?

You can buy RUNE on Binance s.

Since RUNE is a BEP2 token , you need a wallet which supports BNB and BNB assets. 

Trust wallet works perfectly for mobile.

Other alternatives include but are not limited to Atomic wallet and Guarda wallet.

RUNE has seen exponential growth in the past year not just in terms of price or market capitalization but also in terms of development,  community and partnering with other ecosystems in the cryptospace making it one of the most exciting projects which aims to tackle interoperability and create an Internet of Blockchains.

Thorchain will only keep growing.

Join the RUNE community on Discord:

https://discord.gg/z5y26s3yzR

If you liked my article , be sure to tip me and if you want to support me further , send a tip to my BNB wallet.

BNB : bnb1wtjg48v85jdxe5nzkjtg6489fa5c3pqsgx2s99

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The much-anticipated multichain testnet on THORChain will facilitate swaps and pools with Bitcoin. The network made this announcement in an official blog post, pointing out that the recently launched testnet is open to testing by community members. It is also important to note that the entire testing process is equipped with support for both Bitcoin and Binance Chain. Interested persons can swap Bitcoin assets and Binance Chain. They can also provide much-needed liquidity to both BTC or BNB pools. To join as a node, users need to first bind with tRune. This testnet will expose developers to the working of the chain before its official mainnet launch, providing them with the opportunity to fine-tune their products ahead of the multichain’s official launch. The launch will provide users with hands-on experience before the official launch of the multichain testnet. The testing will also enable the network to locate and fix sensitive issues like bugs, etc. Users will have the opportunity to submit bug reports to the exchange’s GitHub website. Also, the testnet phase will help generate important test data. It is, however, important to note that the testnet launch is only a minimum viable sample of the finished products. The Multichain Testnet Will Contain the Following Features: The features below are currently not in the THORChain Bitcoin testnet but will be available in subsequent upgrades. They include: For now, all hands are on deck in putting finishing touches to the multichain and ensuring it goes live according to schedule. Interestingly, THORChain’s native token, RUNE, will be available during the next launch. The multichain mainnet will only go live after series of successful testnet launches. Aside from listing Bitcoin, the platform will be the first to support THORChain’s native token, RUNE. This eliminates the need to carry out RUNE transactions solely on Binance Chain. More details of the move from single to multi-chain will be released in the near future. This is a huge feat for THORChain. Notably, this is also the first time a decentralized peer-to-pool protocol will go live on Bitcoin. At the time of writing, RUNE (THORChain) was down by 11.9%. The token was trading at $0.881948, with a market cap of $193,852,255 and a 24-hour trading volume of $45,069,655. Find out more about THORChain on the Altcoin Buzz YouTube channel.

News

Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch.

The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin and Ethereum. According to a Tuesday progress report, the team behind the project’s DEX, THORSwap, has so far restored functionality for four of the five networks it supported prior to going down in July.

The update states that THORSwap has resumed swap functionality across the Bitcoin, Bitcoin Cash, Litecoin and Binance Smart Chain networks, adding that the team is currently in the process of reinstating support for Ethereum.

— THORSwap ⚡ ᚱ (@THORSwap) October 12, 2021

THORSwap added it is working to integrate support for the Terra stablecoin network and the Cosmos’ decentralized finance hub, Gaia. Further integrations with other crypto assets, including Dogecoin (DOGE), Decred (DCR), Haven (XHV) and Monero (XMR), are also under development.

The team is also working to improve the performance of network nodes.

THORSwap’s highly guarded “Chaosnet” was partially launched in April, following the launch of THORChain’s initial systems in July 2020.

Despite apparent early success, the THORChain network would suffer three hacks during June and July, forcing it to take some services e ‘white hat hacker’ exploits THORChain for $8M, proposes 10% bounty

THORChain was initially exploited in June. However, the team downplayed the incident at the time, stating that the first exploit attempt was limited to $140,000, “which is a small amount compared to other exploits.”

The network was exploited again for a much larger $7.6-million sum in Ether (ETH) on July 16 after a hacker discovered a vulnerability resulting in the suspension of operations. THORChain was attacked for a third time on July 23 when a hacker exploited the network’s Ethereum router to steal $8 million worth of ETH.

“It’s been a tough time for THORChain during the last few months, but fundamentals never changed,” said the THORSwap team.

#Bitcoin #Blockchain #Cosmos #Hacks #Decentralized Exchange #DeFi Related News Building Empires: Biggest Crypto Exchanges Push for Global Presence A trading platform announces a global trading competition to further its impact on the derivatives market US debt ceiling crisis: A catalyst for crypto’s ultimate decoupling? China’s crypto ban: Buy the dip or cause for concern? Want to improve blockchain infrastructure? Work under layer-two solutions Money in 2030: A future where DeFi and CBDCs can work together

Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. 

The funding will be used by THORSwap to continue building its development and operational resources, including the launch of new products on top of THORChain, the decentralized liquidity network powering the exchange. The private token sale was led by IDEO CoLab Ventures with participation from True Ventures, Sanctor Capital, Nine Realms, Proof Group, 0xVentures, Qi Capital, THORChain and others.

THORSwap currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ether (ETH), Binance Coin (BNB) and ERC-20 and BEP-20 standard tokens.

The platform also announced that its token generation event for the native THOR cryptocurrency is scheduled for later this month.

THORChain’s April launch was viewed favorably by the cryptocurrency community, with ShapeShift CEO Erik Voorhees describing it as a seminal moment for the industry. “Thorchain has no bridges. It has no wrapping. It is native assets, swapped across chains in a decentralized way, for the first time ever,” he said.

Decentralized exchanges have been a major catalyst for DeFi’s explosive growth over the past year. By June, DEXs accounted for 13% of cryptocurrency trade volumes, up from just 6% in February. As Cointelegraph reported, DEX trade volume tripled between January and May, reaching a high of $300 billion. At the same time, DeFi adoption continued to surge, with Uniswap and 1inch registering 2.5 million and 600,000 unique users, respectively.

That being said, DEXs and other DeFi protocols have been a primary target of sophisticated attackers and cybercriminals. As Cointelegraph reported, THORChain experienced a sophisticated attack during the summer that resulted in the loss of $8 million worth of Ether. Luckily, the attacker only wanted to expose the security flaw in exchange for a 10% bounty payment.

Related: SEC reportedly investigates decentralized exchange Uniswap

Meanwhile, in August, DeFi lending protocol Cream Finance was drained of $19 million in a flash loan attack. By recruiting the assistance of a DeFi security platform, Cream Finance has been able to recover most of the lost funds.

One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other.

Recently, BSC-based cross-chain pNetwork lost at least $12.7 million of tokenized Bitcoin to attackers. They have joined the many networks targeted and exploited by hackers in the crypto industry.

pNetwork promotes digital assets movement throughout different blockchains. Just like several other wrapped token protocols, they allow users to mint pBTC through deposits of BTC in a smart contract. This process allows the users to migrate their BTC value away from the Bitcoin platform and place it on EVM-compatible chains.

The information about the hack went live through a Twitter announcement by pNetwork, lamenting the loss of up to 277 pBTC. From the tweets, we learned that the hackers made away with most of pNetwork’s collateral.

According to the pNetwork team, the hackers exploited a bug within the network’s codebase. The tweet reads:

“They attacked pBTC on BSC, siphoning up to 277 bitcoin which is serving as collateral. But other bridges weren’t touched, though, since the other funds are intact.”

According to the pNetwork team, they are already fixing the problem. They also offered $11.5% of the siphoned funds to the hackers if they could give back the funds stolen.

They went ahead to address the black-hat hacker, “We are ready to offer a reward of $1,500,000 if they can give back the stolen funds.”

Right now, there are no updates from the pNetwotk team concerning the exploit. They are yet to talk about plans to pay back the users who were affected by the theft.

After the exploit, the pNetwork’s PNT governance token has fallen down within the last 24 hours.

pNetwork has lost almost 8% of its price in last 24 hours following the hack | Source: PNTUSD on TradingView

pNetwork is not the only cross-chain platform that has fallen victim to these exploits. For instance, THORChain, a decentralized exchange, was also the victim of hackers last July. Following the first hack, the platform suffered another hack that was worth $8 million.

However, THORChain was fortunate to be hacked by a “white hat” hacker, who promised to give back the stolen funds for a reward of 10% out of the stolen funds.

Binance Smart Chain has experienced so many unexpected exploits this year. The list of the BSC theft victims includes pNetwork, Belt Finance, BurgerSwap, Spartan Protocol, SafeMoon, Meerkat Finance, Uranium Finance, Bogged Finance, bEarn, Cream Finance, and PancakeBunny.

Moreover, there was another record-breaking Poly Network hack early in August. This hack resulted in a loss of $253M from BSC and above $600M in total losses. Luckily, the hacker gave back almost all the stolen funds.

Featured image from Revain, charts from TradingView.com

DeFi project THORChain (RUNE) recently saw a major price surge that took it up by 35%. The surge came soon after the project was listed on SushiSwap, taking RUNE to its brand new all-time high (ATH).

The DeFi sector continues to grow in 2021, with new projects emerging every other day, while existing ones continue to see major advancements. THORChain, for example, just saw a sudden burst of popularity after being listed on SushiSwap, which allowed it to go to $2.30.

The coin has seen a correction since the price surge, currently trading at around $1.77, although its exact price varies from one exchange to another.

On a monthly basis, however, THORChain is up by over 75%, making the turn of the year a very successful time for the RUNE token.

As some may know, THORChain is a cross-chain liquidity protocol, which basically means that it wants to enable crypto traders to easily switch cryptos across different chains. Its listing on SushiSwap is expected to help create the road into Ethereum’s DeFi sector, which is currently still the largest and most developed.

As a result, the project will also be able to build a stronger community, secure better liquidity, and more. Furthermore, the project noted on Twitter that RUNE now has several trading pairs, including the ones against Ethereum (ETH), Tether (USDT), and SushiSwap (SUSHI), itself.

With DeFi mostly being based on Ethereum, it comes as a pleasant surprise that DeFi tokens are still capable of seeing strong surges, despite the fact that Ethereum has seen a correction from its recent high. The coin did see an 8% price recovery in the last 24 hours, but it is still 2% down on a weekly basis.

The coin approached its own ATH on January 10th, when it hit $1,347. However, it was rejected by a resistance that forced it down, alongside Bitcoin and the majority of the crypto industry.

News

XDEFI Wallet, a browser-based wallet service for decentralized finance (DeFi) and nonfungible token (NFT) users, launched its public version on the Chrome Store.

Similar to the widely-used browser extension wallet MetaMask, the XDEFI Wallet supports DeFi applications across multiple blockchains. According to the announcement, the browser wallet works with the Ethereum (ETH) network and other Ethereum Virtual Machine-compatible chains.

Supporting THORchain and Terra, XDEFI Wallet has plans to include Avalanche, Solana and Arbitrum.

In a previous conversation with Cointelegraph, Émile Dubié, co-founder and CEO of XDEFI Wallet, argued that cross-chain compatibility was necessary to ensure better utilization of Web 3.0.

“No need to switch from a wallet to another, no need to deal with several seed phrases — just use the same vehicle to access different destinations,” Dubié told Cointelegraph.

XDEFI Wallet features an “Ape Mode” that reportedly utilizes a proprietary gas algorithm to offer faster transaction throughput for users. According to Dubié, Ape Mode will be an “indispensable edge” for DeFi and NFT users.

Related: OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economy

Given the focus on DeFi and NFTs as part of the strategy to challenge MetaMask, XDEFI Wallet also features some “built for NFT” features.

According to the announcement, XDEFI offers automatic in-wallet NFT detection capabilities as well as a grid display for collectibles.

As a wallet platform, XDEFI will also enable crypto trading with users able to make fiat purchases for cryptocurrencies via payment gateway service Ramp.

XDEFI Wallet previously received backing from investors like Mechanism Capital, Sino Global Capital, Morningstar Ventures, Alameda Research, CoinGecko and others to the tune of $6 million.

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Following a few days of adverse price developments, bitcoin has started to recover some value and currently sits around $45,000. Most altcoins have stalled in the same timeframe, with a few exceptions from Polkadot and Terra.

Bitcoin Taps $45K

The start of the week was highly damaging for the bitcoin bulls as the price of the cryptocurrency plummeted on Monday from $48,000 to around $43,000 in hours. The situation only worsened in the following two days as BTC dumped by a few thousand dollars more.

Thus, it bottomed at $39,600 on Wednesday, which became its lowest price level since August 6th. At this point, though, the trend started to change once again.

Bitcoin rapidly bounced off and reclaimed $40,000 before going on upwards to the $44,000 mark as reported yesterday. In the past 24 hours, the asset has recovered $1,000 more and currently sits around $45,000.

As such, its market capitalization has gone to approximately $850 billion after it had dropped below $800 billion two days ago. BTC’s dominance over the altcoins has also increased by 0.5% as most have failed to follow it north.

Alts Stall; LUNA Surges 10%

Most alternative coins mimicked BTC’s performance in the past several days. Ethereum went as low as $2,650 but quickly bounced off and recovered around $500. On a 24-hour scale, though, ETH has been rather stagnant, but it still stands above $3,100.

Ripple, Dogecoin, Binance Coin, and ATOM have also remained calm since yesterday. Cardano is up by about 3% and trades above $2.3. Polkadot (5%) and Terra (10%) are the most significant gainers from the larger-cap alts.

In contrast, Solana (-3%) and Avalanche (-5%) have retraced the most. It’s worth noting, though, that AVAX went on to mark yet another all-time high yesterday after an 800% surge in two months.

REN (23%) has increased the most since yesterday, followed by NEAR Protocol (15%), THORChain (13%), Tezos (12%), and Harmony (10%).

The cryptocurrency market cap has added around $20 billion in a day and currently sits at $2 trillion.

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Bitcoin touched yet another multi-month high at nearly $58,000 before retracing slightly. However, most alternative coins continue to lose value against BTC and the dollar, with massive declines from Ripple, Solana, Polkadot, Terra, Uniswap, Avalanche, and more.

Altcoins See Red

The alternative coins have continued to suffer in the past 24 hours. Ethereum failed to remain above $3,600, and a 3.5% decrease has driven it below $3,500.

The rest of the alt landscape is in an even worse shape. Binance Coin (-4%) is close to breaking below $400 for the first time in over a week. Cardano has shed 5.5% in a day and stands at $2.1.

Ripple, Solana, Polkadot, Dogecoin, Terra, Uniswap, Litecoin, and Avalance have lost even more value since yesterday. Consequently, XRP sits at $1.1, SOL at $143, DOT at $33, DOGE is below $0.23, LUNA dumped beneath $40, UNI is at $23, LTC below $175, and and AVAX trades at $53.

Even more losses are seen in Ren (-15%), Arweave (-13%), IOTA (-12%), DYDX (-12%), THORChain (-11%), Algorand (-10%), Avalanche (-10%), THETA (-10%), and Flow (-10%).

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Shiba Inu is among the very few coins in green, with another 15% surge in a day.

Nevertheless, the crypto market cap has shed off around $60 billion in a day, but it’s still above $2.3 trillion.

Bitcoin Tested $58K

Bitcoin’s performance has widely contrasted with the altcoins in the past several days. This is supported by the increasing BTC dominance, which has tapped a two-month high at nearly 47%. Just for reference, the metric had fallen below 44% two weeks ago.

The primary digital asset has been slowly but surely adding chunks of value ever since it broke above $50,000. It jumped to $55,000 and touched $56,000 and $57,000 in the following two days to chart new five-month highs.

After dropping to $54,500 in the past 24 hours, it went on another run and came just inches away from $58,000 but was stopped there. The bears intercepted the move and pushed it south by several hundred dollars once more.

As of now, BTC has reclaimed some ground and stands around $57,500, and its market capitalization has neared $1.1 trillion once more.

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Global cryptocurrency financial platform, AscendEX is proud to announce the listing of the Vulcan Forged token (PYR) under the trading pair USDT/PYR on October 5, 2021, at 13:00 UTC.

To celebrate the listing (under the pair USDT/PYR), AscendEX and the PYR team will launch several limited-time promotional events, offering users a chance to share pooled rewards up to 60,000 USDT!

Vulcan Forged is a game studio that has migrated to a blockchain network with more than 12 games and thousands of users. VulcanVerse is a live metaverse, combining high-quality graphics with World of Warcraft-style gameplay featuring the building capabilities of Minecraft. Their market differentiation focuses on developing successful games first and then implementing blockchain integrations second, leading to a much more engaging user experience. 

Vulcan Forged has grown from a small digital art NFT platform and game studio to a multi-DApp platform, launchpad, and a top-five volume NFT marketplace. They are the second busiest client on the VeChain Network, moving from a few users to thousands with just under $3 million in NFT trading volume.

Their fantasy decentralized universe VulcanVerse, backed by fantasy authors and award-winning studios, sold out in days and has already entered the alpha stage of gameplay.

Vulcan Forged prides itself on removing gas and cryptocurrency fees for game developers using their platform and offers support to any third party helping turn ideas into reality. This support allows community members to create their own games on the platform quickly and affordably.

The native utility token of the Vulcan Forged platform (PYR) is a transferable representation of attributed functions specified in the protocol of the Vulcan Forged platform. PYR is designed as an interoperable utility token on the platform and across different game environments.

The PYR Token is an ERC20 token that can be ported to Matic. PYR will be used as a medium of transaction settlement, staking token, and a gaming utility token within the Vulcan Forged ecosystem. 

Decentralized gaming is a rapidly growing sector within the cryptocurrency space. AscendEX is pleased to support the decentralized gaming ecosystem by partnering with projects like Vulcan Forged. 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Etheruem, and Ripple.

Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.

AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit the website.

For more information and updates, visit AscendEX on Twitter, Telegram, or Medium.

Vulcan Forged is a game studio that moved to blockchain. It houses more than 12 games and over 100 play to earn routes. VulcanVerse is an already live metaverse with 1000s of users combining high-quality graphics with World of Warcraft (WOW) style gameplay and Minecraft building capabilities. 

For more information and updates, visit the website, Twitter, Telegram, or Discord.

Did you Know?

RBI is working towards a 'phased introduction' of the digital rupee. The digital rupee will likely coexist with cash and digital forms of payments.

Cuba’s new cryptocurrency regulations came into effect this week that recognises crypto as a legal method of payment for commercial transactions in the country. This comes after El Salvador announced a plan to exempt investors from paying a capital gains tax and an income-tax on Bitcoin. In Korea, however, more than 60 cryptocurrency exchanges face suspension next week due to lack of registration with the Financial Intelligence Unit. Crypto Adoption NASDAQ-listed crypto exchange Coinbase has increased the size of its proposed bond sale to $2 billion from the original $1.5 billion it had planned to offer earlier this week, after receiving an influx of bids from investors. Meanwhile, Paypal has officially completed the rollout of its crypto service, allowing all the eligible customers in the UK to trade Bitcoin, Ethereum, Litecoin and Bitcoin cash. And for the first time, Time magazine has enlisted a crypto personality, Vitalik Buterin, the co-founder of Ethereum, as one of the most influential people in the world. Back home, India’s premier engineering institute IIT Madras (IITM) has become a member of the Hedera Hashgraph council for decentralised governance. Crypto News Summary The Solana (SOL) network was temporarily switched off this week after a surge in transaction loads. SOL declined by 12 per cent over the week as questions of centralisation emerged after the validator community voted to restart the network. The benefits of a decentralised blockchain were exhibited by a Bitcoin transaction worth $2 billion that was processed this week with a low fee of $0.78. In comparison, fees for an international fiat transfer for the same amount would have been about $20 million. Price Actions BTC seesawed between $45,000 and $49,000 this past week but ended with a strong rally to close above $48,000 with a 6 per cent weekly gain. Its 8-week moving average provides the next strong support at $46,700 post which it may see a free fall to $42,000 level. Ethereum (ETH) ended the week just above $3,500 with a 5 per cent gain and mirrored BTC for most of the week. Among key altcoins, Avalanche (AVAX) seems to have benefited from Solana’s temporary network suspension with a 44 per cent rally through the week to end among the top 11 cryptocurrencies. In the top 20 list, Polkadot (DOT) gained 16 per cent while Terra (LUNA) and Algorand (ALGO) declined by more than 8 per cent each. The current market sentiment is optimistic for a strong bounce above $50,000 level for BTC by the end of the month. BTC dominance has increased to 42.2 per cent and is set to rise further in the coming weeks. Top Gainers This Week (As of 11.30 am, Sep 19, 2021) Cosmos (ATOM): 42 per centRen (REN): 38 per centCurve DAO Token (CRV): 21 per centAudius (AUDIO): 19 per centTHORChain (RUNE): 15 per cent Top Losers This Week (As of 6 pm, Sep 18, 2021) Terra (LUNA): 17 per centFTX Token (FTT): 16 per centArweave (AR): -15 per centMdex (MDX): -13 per centHarmony (ONE): -12 per cent Analysis includes top 100 cryptocurrencies only. Source: CoinMarketCap (Vikram Subburaj, CEO and co-founder, Giotuss, is part of the analytics team at Giottus Cryptocurrency Exchange.)

AscendEX is thrilled to announce the listing of the DeFi11 token (D11) under the trading pair USDT/D11 on Sept. 20 at 1 p.m. UTC.

DeFi11 is a DeFi powered gaming ecosystem for fantasy sports and the emerging world of NFTs. The project aims to decentralize the fantasy sports industry and create a fraud-proof platform for gamers. Their goal is to eliminate the pain points associated with fantasy sports and gaming, including the manipulation of game data, poor reward pool distribution, user anonymity, and the misuse of information by company employees.

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DeFi11 Foundation is launching their D11 token on top of the layer 2 Matic Chain. The Token acts as a unified platform currency and can work as the medium of exchange across different games associated with DeFi11. The project plans to release unparalleled project features, including Non Custodial wallets, Mobile Wallets, a Blockchain agnostic platform, and a Deflationary Token Model in which tokens are burned after every contest.

The native token is built as a unique gaming utility token on top of D11 Protocol which has a variety of utility features, encompassing payment of contest fees, purchase of assets, and the redemption of game rewards. D11 operates as the medium of exchange between participants in the DeFi11 ecosystem. The goal of introducing D11 is to provide a convenient and secure mode of payment and settlement between those interacting within the Defi11 ecosystem, rather than a medium of exchange accepted by the public as payment for goods or services. The D11 token has additional functionalities for staking and loyalty rewards within the DeFi11 ecosystem.

About AscendEX

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AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com Twitter: https://twitter.com/AscendEX_Global Telegram: https://t.me/AscendEXEnglish Medium: https://medium.com/ascendex

About DeFi 11

DeFi11 is a DeFi powered gaming ecosystem for fantasy sports and NFT hybrid World. The project aims to completely decentralize the fantasy sports industry and create a fraud proof platform for the gamers. Their goal is to eliminate the pain points associated with the current fantasy sports and gaming sectors.

For more information and updates, please visit:

Website: www.defieleven.com Twitter: https://twitter.com/defi_11 Telegram: https://t.me/joinchat/I3tuTErAaD26rD17 Medium: https://medium.com/defi11

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