FULLFORMDEFINITION
Saved Bookmarks
FULLFORMDEFINITION
This section includes 8145 fullforms, each offering curated multiple-choice questions to sharpen your Cryptocurrency knowledge and support exam preparation. Choose a topic below to get started.
| 5852. |
PLT meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for PLT is Plateau Finance in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5853. |
PLT meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» Poollotto Token (PLT) is a new generation of lottery token-based smart contracts for non-centralized management of the global community-driven lottery pools, automated and safe payments. The PLT Token project was launched to create a blockchain platform and token economy that gives transparency and fair outcomes to users around the globe. At the same time, token distribution is defined to provide a required level of development, promotion, and support of the PLT Ecosystem. reference
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5854. |
POP meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for POP is POP Network Token in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5855. |
RAM meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for RAM is Ramifi Protocol in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5856. |
PPC meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for PPC is PHILLIPS PAY COIN in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5857. |
PPC meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for PPC is Peercoin in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5858. |
CPR meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for CPR is Cipher in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5859. |
DC meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for DC is DeepCoin in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5860. |
TCS meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» INFO: Full form for TCS is Timechain Swap Token in Cryptocurrency category
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5861. |
MC meaning in Cryptocurrency ? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Answer» To find out even more about this project, check out our deep dive of Merit Circle. What Is Merit Circle (MC)Merit Circle is a decentralized autonomous organization (DAO) that focuses on developing the play-to-earn (P2E) economy. The project wishes to create a new era of gameplay where users would be able to earn money by playing games that they love, instead of treating them as a simple hobby. The project launched on 4th of November, 2021, but it has been in development since July 2021. Despite its young age, it already has a massive community, with over 64,800 followers on Twitter. Merit Circle currently supports Axie Infinity — the most popular monster-battling play-to-earn game with the highest volume traded. Meanwhile, by playing-to-earn, its scholars are gaining new skills that will soon be in huge demand as employers are slowly but surely expanding into the crypto metaverse. In the pipeline, the DAO plans to support Star Atlas, Illuvium, and Hash Rush. Star Atlas, for example, was described as the most ambitious blockchain game. Illuvium appears to be a type of an upcoming survival game that takes place on an alien world, while Hash Rush is an online sci-fi/fantasy RTS set in the fictional Hermeian galaxy, where once again, players have to build, fight, and trade their way to survival and victory. What Makes Merit Circle Unique?While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO with the goal to maximize value accrual across different games in the metaverse. Its platform is at the intersection of capital, expertise and players — representing investors, platform and managers — and of course, gamers. The returns that the project has the potential to make will be able to translate into potentially life-changing income for some of the gamers engaging with it. The players have recognized the value of the project and the scholarship program that was created for them, and there are already over 500 scholars currently playing Axie Infinity. There are already significant revenues that are flowing into the Circle of Merit, which benefits the DAO itself, as well as players and liquidity providers. More are expected to come, especially since Merit Circle DAO will now start focusing on other opportunities in the metaverse through new games. Furthermore, Merit Circle boasts an impressive list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more. These and others are all industry-leading names, who have praised Merit Circle for building a scalable operational process that can effectively grow, onboard, and sustain new members. In fact, DeFiance Capital’s Arthur said that DeFiance believes that “Merit Circle will be among the top guilds that will be kingmakers in this land.” All of the partners, plus a number of angel investors, supported the company during its seed round, helping it raise $4.5 million Related PagesWant to invest in Axie Infinity (AXS) itself? You can find it here. Be sure to check out Ethereum (ETH) — the blockchain that hosts the Axie Infinity game. Also keep an eye on Small Love Potion (SLP), whose token is needed to breed Axies. Keep track of the progress of MC on the page of top DAO tokens by market capitalization. How Many Merit Circle (MC) Coins Are There in Circulation?Merit Circle (MC) has a total supply of 1,000,000,000 MC. The information on how many of its tokens will be released in circulation is not yet available. It is known that 20% of the total supply will be allocated to the team members and advisors; 29.4% will be used for community incentives; 14.1% will be allocated to early investors; 7.5% will be up for public distribution; while the DAO Treasury will keep 15%. The remaining 14% will be used as rewards, for liquidity rewards (10%) and Retroactive rewards (4%). How is the Merit Circle Network Secured?According to Merit Circle’s Medium post, the project was audited by Quantstamp — one of the leading security assessment firms in the industry. Quantstamp analyzed and evaluated all aspects of the project, originally finding a total of 12 issues. The problems were resolved immediately, after which the code was analyzed by several individual senior developers. In addition, the project has held a bug bounty, allowing the community to comb through its code and check for additional problems that may have slipped through the standard checks. When Will Merit Circle Trading Begin?Merit Circle is available for trading, with the earliest trading data suggesting that the coin trading started on Nov. 4, 2021, and the first volume data came in around Nov. 5, 2021. Can MC Hit $10?Merit Circle (MC) launched with the price of $2.8, and while it did briefly go below this price on November 5th (dropping to $2.7024), it quickly recovered and hit an ATH at $9.55 on November 6th, before correcting slightly yet again. Now, the biggest question in the community is whether it can return to its ATH and breach it, and whether this would also allow it to hit $10? The project’s biggest recent developments include the introduction of staking which was announced on November 7th, as well as voting on ecosystem-related decisions. Where Can You Buy Merit Circle (MC)?Merit Circle is available on Uniswap (V2), Uniswap (V3), 0x Protocol, Hoo, and DODO. If you wish to learn more about how you can purchase cryptocurrencies, you can read more on CoinMarketCap’s educational portal — Alexandria — and start trading alongside other crypto community members on CoinMarketCap. reference
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5862. |
vBNB meaning in Cryptocurrency ? |
||||||||
|
Answer» Venus BNB (vBNB) is a cryptocurrency and operates on the Binance Smart Chain (BEP20) platform. Venus BNB has a current supply of 84,327,095. The last known price of Venus BNB is 10.90661133 USD and is down -0.51 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://app.venus.io/dashboard. reference
|
|||||||||
| 5863. |
XPRT meaning in Cryptocurrency ? |
|
Answer» What is Persistence? Persistence is enabling exposure to multiple asset classes such as Liquid Staking (pSTAKE), NFTs (Asset Mantle) and Synthetics (Comdex). Persistence’s mission is to create an ecosystem of multi-chain Web3 products designed to stimulate global liquidity and enable seamless value exchange. Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms etc. Persistence is also working on developing inter-chain NFT and Metadata standards along with leading Proof-of-Stake networks/foundations. Being one of the pioneers in Proof-of-Stake industry, Persistence also supports upcoming PoS networks through it’s validator arm AUDIT.one. Role of XPRT in the Persistence ecosystemStaking Token: XPRT holders can stake their tokens to earn staking rewards while helping secure the Persistence Main-chainWork Token: Stakers of XPRT benefit from the economic activity within the Persistence ecosystem. DApps within the Persistence ecosystem share a portion of their revenue/fee with XPRT stakers and validatorsChain Governance: The XPRT token secures the network through staking, is used to pay for fees, and defines the weightage of vote for governance proposals to take critical decisions regarding the evolution of the Persistence chainPersistence operates at the confluence of DeFi, NFTs, and Proof-of-Stake and currently consists of 5 applications some of which are live and some will be going live in the year 2021 with many more applications in the pipeline 1. Comdex: Comdex is an institutional user-facing application providing an end to end commodities trading solution such as trade discovery, trade settlement and trade financing 2. pSTAKE: pSTAKE is a liquid staking application that allows stakers of prominent PoS networks to unlock liquidity of their staked assets and use these assets in DeFi while earning staking rewards 3. Asset Mantle: Asset Mantle is a framework for NFT marketplaces. As a framework, Asset Mantle will provide all of the elements required to create individual marketplaces 4. AUDIT.one is the validator arm of Persistence.one which provides top-tier validation services for leading PoS networks How Many XPRT Coins are in circulationThe Persistence Core-1 Mainnet launched on 30th March, 2021 with a 100,00,000 XPRT genesis supply. 9.1% of the genesis supply (9,100,000 XPRT) is in circulation as of the launch of XPRT. XPRT supply is capped to a maximum of 403,308,352 XPRT and will come into supply over the next 15 years. To bootstrap the ecosystem, XPRT stakers will receive approximately 35% staking rewards in the first two years (Inflation halves every 2 year). Who are the founders?Persistence was established in Q2 2019 by Tushar Aggarwal (CEO) and Deepanshu Tripathi (CTO). Prior to founding Persistence, Tushar was the first employee at LuneX Ventures (crypto arm of a traditional Singapore VC- Golden Gate Ventures) and helped set up the fund which was the first regulated Crypto VC fund in Southeast Asia. Deepanshu was part of a three person team that created a unified payment acceptance platform which was whitelabeled to Reliance (investors include Facebook, etc) and eventually sold to an African fintech company for $9,000,000. Persistence is currently a 25 member team which includes developers from IIT-Bombay (the most premiere tech institute in India) and other top technology institutions of India. Where can I buy XPRT?XPRT is listed on Huobi, KuCoin, AscendEX, Gate.io, Osmosis, Emeris, Sifchain with more exchanges lined up to support XPRT shortly after. reference nan |
|
| 5864. |
YOOSHI meaning in Cryptocurrency ? |
||||||
|
Answer» To find out even more about this project, check out our deep dive of YooShi. YooShi is developed from a decentralized meme coin to YooShi's game metaverse, devoted to building a bridge between the P2E game and players and making the game not only for fun but also to bring profits! YooShi GamePad provides gaming developers a series of gaming pre-launch supports, such as selling unique in-game assets in the form of NFT, Farms, NFT auction and trading marketplace, etc. reference
|
|||||||
| 5865. |
RMRK meaning in Cryptocurrency ? |
|
Answer» What Is RMRK Protocol (RMRK)? RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. The protocol runs on the Kusama blockchain. $RMRK is the native utility token that is used for: currency in the RMRK metaverse(s).preventing fungible token spamcuration in galleries *governance of platform-wide parameters *curation in RMRK-launched but not necessarily NFT-related products *collateral in DeFi protocols like Karura and others. *abstraction of the multi-chain architecture: using RMRK tokens to mint, trade, and generally interact with the NFTs in our ecosystem. *whitelabel of RMRK products and apps *use of $RMRK tokens to fund your account for use with applications like BadCallRMRK tools include: RMRK tools to interact with NFTs on the command line and in web appsRMRK spec to write your own implementationRMRK pinning tools to pin for IPFS and regularly clean outdated pins from services like PinataA standalone, embeddable renderer for RMRK2 composable NFTsHow Many $RMRK Tokens Are There in Circulation?Of the 10,000,000 $RMRK supply, 88% of the tokens were fairdropped to the community who bought Kanaria eggs. Out of the 11% remaining tokens, 5% are locked for the founding team and the rest is loaned out to market makers for exchange liquidity. There is no inflation. There is no buyback program due to the immense utility of the token across the RMRK ecosystem. Who Are the Founders of RMRK?RMRK was started in August 2020 by Web 3 Foundation's then-technical educator Bruno Škvorc. The team was expanded to a team of 4 in February of 2021 and registered as a Swiss Verein. Yuri Petusko, Ilia Dvornikovs, Yuri Girjanskis, and Bruno together composed the specification and tools for RMRK and RMRK 2.0, which is now the basis of the most advanced NFT system in the world. Where Can I Buy RMRK?RMRK is scheduled to be available on Kucoin in late September of 2021 reference nan |
|
| 5866. |
QRDO meaning in Cryptocurrency ? |
|
Answer» What is the Qredo Network? Qredo is rearchitecting digital asset ownership and blockchain connectivity. A radical new approach to bring liquidity and capital efficiency to the blockchain economy, Qredo has pioneered the first decentralized trustless multi-party computation (MPC) custodial network. This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access. Qredo works at the cutting-edge of cybersecurity and blockchain. By utilizing the latest innovations in cryptography and distributed ledger technology, Qredo delivers a powerful global network for securing and trading digital assets. Who are the core Qredo Team? Anthony Foy, the CEO, is a Digital veteran and serial entrepreneur. He has 20+ years experience in VC-backed growth companies with 4 successful exits. Anthony teamed up with Brian Spector, the CPTO, who is a Cyber Security expert and serial entrepreneur with a background in advanced cryptography. In Q1 2021 Josh Goodbody joined Qredo as the COO - he is a well known operational executive with experience in scaling the world’s largest cryptocurrency exchanges (e.g. Binance, Huobi Global). What does QRDO Do? The QRDO token provides a means of utility and governance to the Qredo Network. Qredo is designed to include a “user centric” incentive structure that economically favors the participants of the Qredo Network - driving user adoption and utilization of the network. The design takes into consideration the incentives required for each participant to drive a network effect. QRDO can be staked with validators and staking yield earned. Unique to Qredo, unvested QRDO are automatically staked and accrue staking yield. reference nan |
|
| 5867. |
LYXe meaning in Cryptocurrency ? |
|
Answer» LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser. LUKSO is a multiverse blockchain network where the worlds of fashion, gaming, design and social media intersect. LUSKO focuses on bringing Blockchain to the masses, through its smart contract based blockchain, industry-involving standards processes and an innovative new direction of decentralized applications. reference nan |
|
| 5868. |
MNGO meaning in Cryptocurrency ? |
|
Answer» What is Mango Markets (MNGO)? Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading, lending, and perpetual futures along with decentralized governance to decide the future evolution. In the long run, Mango’s permissionless ecosystem encourages spectacular, outlandish and unpredictable innovations possible of overtaking centralized finance. With lightning-speed trade execution and near-zero fees, Mango harnesses the power of Solana, a high-performance blockchain, as well as Serum DEX, a decentralized, permissionless, central limit order book for margin trading. The Mango Token is a governance token, first and foremost. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol. Who Are the Founders of Mango?Mango’s genesis began when Daffy Durairaj posted a video of a command line margin trading mechanism on Solana. Maximilian Schneider discovered the video, connected with Daffy on Discord and the two continued development and founded Mango Markets. What Makes Mango Unique?The key ingredients for this vision are low latency, low transaction cost and full decentralization. We believe all three ingredients are necessary for the project to be viable and all three ingredients are finally available on Solana. Ultimately, Mango intends to win the long game in financial services. Low latency makes our tools usable. Rock bottom fees makes Mango hard to compete against. Decentralization makes Mango hard to kill through centralized incompetence or malevolence. Open governance that allocates power and wealth liberally to builders, will attract the best people to build and govern the protocol. Finally, the permissionless nature will allow the millions of tiny experiments to take place that yield the life changing innovations. We're motivated and driven to build Mango according to this vision, and we hope you'll join us. Related Pages:Twitter: https://twitter.com/mangomarkets Medium: https://medium.com/blockworks-foundation Discord: https://discord.gg/euUFRzm6Qm Litepaper: https://docs.mango.markets/litepaper How Many MNGO Coins Are There in Circulation?There are 1,000,000,000 MNGO Coins in Circulation reference nan |
|
| 5869. |
STMX meaning in Cryptocurrency ? |
||||||
|
Answer» What Is StormX (STMX)? Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards. The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases. Who Are the Founders of StormX?Simon Yu is the CEO and co-founder of StormX. Yu graduated from the University of Washington in 2014 and then participated in a Berkley Blockchain Xcelerator held by the University of California in 2020. His professional career began a couple of years before he graduated, with the founding of a company called Penguin Delivery — aimed at delivering Korean barbecue tacos to students across campus. After graduating, Simon Yu became a financial analyst intern for Amazon and then became a senior credit risk analyst for KeyBank. In 2015, Yu and his team founded StormX. Calvin Hsieh is the CTO and co-founder of the company. He graduated with a degree in computer science and software engineering from the University of Washington and was also part of the Berkley Blockchain Xcelerator held by the University of California in 2020. In April 2015, Hsieh joined Bomba Fusion LLC as a manager and web developer, and in 2017, he became a co-owner of the company. In 2015, he co-founded StormX with Simon Yu. What Makes StormX Unique?StormX is the first crypto cashback solution that allows users to earn rewards and cashback for their fiat purchases. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system. By extending the capabilities of the StormX platform beyond cashback, the company also captures the interest of crypto enthusiasts who are looking to boost their profit by staking native tokens and performing everyday tasks. The STMX token allows users to lock staking contracts and earn interest on their investment. With more than 750 online stores part of the StormX cashback program, customers can easily stack up cashback rewards. Not only that, some of the online shops offer cashback of up to 87.5% in crypto, which is an unprecedented rate for traditional cashback programs. Finally, StormX has attracted the attention of several big names in the industry and has secured over $30 million in funding. Related Pages:Read more about pNetwork. Find out more about Loopring. Learn more about DApps. Have a look at the CoinMarketCap blog. How Many StormX (STMX) Coins Are There in Circulation?STMX has a total supply of 10 billion tokens and a current circulating supply of 8,412,333,047 STMX. According to the official whitepaper, a quarter of the total token supply was distributed among the company and founding team members. Another 23% of STMX tokens remain locked for platform utilization and support. More than 40% of the total token supply was distributed among several crowdsale events. Lastly, about 10% of the total supply was distributed among users. StormX initially launched its token under the ticker STORM. However, in 2020, the company went through a token swap and launched the STMX ticker. How Is the StormX Network Secured?As an ERC-20 token, STMX is secured by Ethereum’s proof-of-stake (PoS) consensus mechanism. The PoS consensus mechanism relies on stakeholders to become transaction validators. This is what differentiates this consensus from the proof-of-work (PoW) utilized by Bitcoin. The PoS consensus mechanism is extremely versatile, as it does not require vast amounts of electrical or computing power, unlike PoW. Not only that, as STMX is an ERC-20 token, this makes the cryptocurrency widely distributable and exchangeable. Ethereum-based tokens can be integrated into DApps and smart contracts on the Ethereum blockchain. Where Can You Buy StormX (STMX)?As an established cashback application since 2015, StormX has secured a top place among crypto enthusiasts. This is why the STMX token is widely available on a number of exchanges. If you are looking to purchase STMX tokens, one option is Binance. Other exchanges where STMX is available include: BittrexFTXFind more information here about buying cryptos. reference
|
|||||||
| 5870. |
HEDG meaning in Cryptocurrency ? |
|
Answer» HedgeTrade aims to become a platform where the world’s best traders share their knowledge. Traders post predictions into a smart contract-powered Blueprint that users can purchase or unlock in order to access. Traders are rewarded if the Blueprint is correct otherwise the user's purchase is refunded. HedgeTrade aims to revolutionize social trading using blockchain technology. reference nan |
|
| 5871. |
HDAO meaning in Cryptocurrency ? |
|
Answer» Launched on 25/02/2020 via OKEx's Jumpstart programme by a team based in Singapore, Australia, Korea and China, HyperDAO aims to offer a fully decentralized IDO launchpad where token holders oversee the development of the project and participate in decision making through a Decentralized Autonomous Organization (DAO). reference nan |
|
| 5872. |
STRAX meaning in Cryptocurrency ? |
|
Answer» What Is Stratis (STRAX)? Stratis is a blockchain-as-a-service platform that offers several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering platform, and a proof-of-identity application. The company also provides cryptocurrency wallets and blockchain consulting services. Stratis operates its own blockchain powered by a native token, STRAX, used to purchase and operate services such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode --- a node on the network that provides a specific needed service. The platform was first announced in June 2016, and it launched in August 2016. In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token. Who Are the Founders of Stratis?Stratis Group Ltd., the company behind the Stratis platform, was founded in 2016 by Chris Trew. He started the company with the purpose of developing an enterprise-focused blockchain platform, which he felt was missing from the industry at the time. He decided to base the platform on the Bitcoin (BTC) protocol, believing that Bitcoin would become dominant in the crypto space --- meaning that its codebase would be consistently improved over time. Before starting Stratis, Trew's background was in enterprise information technology. He taught himself the programming language C# and spent 10 years serving in various IT roles in the legal, aviation and public sectors as well as with financial institutions such as Barclays. He also operated an internet marketing and search engine optimization business. Within the crypto and blockchain industry, Trew was a volunteer developer for the cryptocurrency project Blitz and social networking platform The Viral Exchange. What Makes Stratis Unique?According to its whitepaper, the Stratis BaaS platform is designed for financial service providers and other enterprises to test, develop and deploy blockchain-based applications in a way that avoids the overhead and security concerns of operating their own networks. To do so, Stratis offers businesses the opportunity to run permissioned, private sidechains that interact with its primary chain, as well as to host decentralized applications, launch smart contracts and utilize various privacy and identity verification tools. Its whitepaper argues that this approach gives enterprises the freedom to completely customize their platforms without the limitations of relying on a major blockchain, such as Bitcoin or Ethereum (ETH). Stratis has announced business partnerships with companies such as software giant Microsoft, technology markets intelligence firm International Data Corporation, and pharmaceutical blockchain development company MediConnect, among others. In addition, it has sponsored professional athletes as a way to raise awareness of the platform. With the launch of its new STRAX-based blockchain in November 2020, Stratis unveiled an updated development roadmap for the end of 2020 and the first half of 2021. It includes interoperability with Ethereum, an Internet of Things software development kit, a decentralized finance software library, the launch of a decentralized autonomous organization, and more. Related Pages:Learn about Dragonchain, a BaaS platform for enterprises and startups. Learn about Ardor, another BaaS platform with a proof-of-stake consensus. New to blockchain technology? Explore the fundamentals with Alexandria, CoinMarketCap's online educational resource. Stay up to date on the latest in enterprise blockchain adoption with the CoinMarketCap Blog. How Many Stratis (STRAX) Coins Are There in Circulation?Stratis launched its first STRAT token with a total supply of 98 million, with 84 million STRAT (85.7%) sold during an initial coin offering that ended in July 2016 and raised 915 BTC --- worth nearly $600,000 at the time. Of the remaining supply, 8 million STRAT (8.2%) was reserved for the Stratis team, 2 million STRAT (2%) for advisors and partners, and 4 million STRAT (4.1%) for bounties and campaigns. In October 2020, Stratis initiated a token swap process for STRAT holders to exchange their tokens for STRAX at a one-to-one ratio. As a part of the transition, 25 million STRAX was newly minted, of which 8.125 million STRAX was reserved for the Stratis Foundation, 6.375 million STRAX for network incentivization, 5.5 million STRAX for enterprise incentivization, and 5 million for the Stratis DAO. The tokens will be issued over the course of five years. New STRAX is introduced through a proof-of-stake mining process, and each block produces a block reward of 18 STRAX, putting its annual inflation rate at around 10%. Half of the block reward is awarded to the block producer, while the other half is sent to its Cirrus sidechain and distributed to block-producing masternodes. How Is the Stratis Network Secured?The Stratis network is secured through its PoS consensus protocol in which nodes must stake STRAX to participate in the block validation process, and the more STRAX staked, the greater the chance of being able to create a block. According to Stratis, this makes the network more secure because the more STRAX a user stakes, the less likely they are to want to manipulate the network, as they risk losing their stake or causing the value of their stake to plummet. A majority of nodes must agree that a transaction is accurate for it to be added to the blockchain. With the launch of its STRAX-based blockchain in November 2020, Stratis announced new security-enhancing features, including the ability to "cold-stake" --- stake STRAX through an offline, cold wallet --- which it argued will increase network security by enabling more users to participate in the consensus process. It also reported that it would activate Segregated Witness, or SegWit, which will increase transaction security because transaction IDs are no longer malleable. While Stratis is a private company, its blockchain's codebase is open source, meaning that it is available for community audit. Where Can You Buy Stratis (STRAX)?STRAX can be purchased on exchanges such as Binance, Upbit and Bithumb. It can be traded on spot markets against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as Bitcoin and Ether, and stablecoins such as Tether (USDT) and Binance USD (BUSD). Are you interested in buying STRAX or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins. reference nan |
|
| 5873. |
HXRO meaning in Cryptocurrency ? |
|
Answer» Hxro (HXRO) is a cryptocurrency and operates on the Ethereum platform. Hxro has a current supply of 1,000,000,000 with 392,181,333.8730891 in circulation. The last known price of Hxro is 0.46659397 USD and is up 0.28 over the last 24 hours. It is currently trading on 12 active market(s) with $14,278.29 traded over the last 24 hours. More information can be found at https://hxro.io/. reference nan |
|
| 5874. |
XAUT meaning in Cryptocurrency ? |
|
Answer» XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar. Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAUt token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility. For more information on XAU₮, visit: (gold.tether.to) reference nan |
|
| 5875. |
AGIX meaning in Cryptocurrency ? |
||||||
|
Answer» What Is SingularityNET (AGIX)? SingularityNET is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace. Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance. The team behind SingularityNET pioneered the development of an AI known as Sophia, which is described as the "world's most expressive robot". SingularityNET’s goal is to enable Sophia to be able to fully understand human language, and continue developing “OpenCog” — an AI framework that is hoped to eventually achieve a state known as “advanced general intelligence,” i.e. human-level artificial intelligence (or beyond). The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year, raising $36 million in just one minute. Who Are the Founders of SingularityNET?SingularityNET has an extensive team largely of AI scientists, developers, researchers and engineers. It was founded by Dr. Ben Goertzel (SingularityNET's CEO and chief scientist) in addition to Simone Giacomelli and Dr. David Hanson. Dr. Ben Goertzel is an established figure in the AI and robotics industry and has a long distinguished track record of working with advanced technology companies — including Hanson Robotics and the OpenCog Foundation. He also works as Mozi Health's chief scientist and vice chairman for Humanity+. Simone Giacomelli is an entrepreneur and investor that previously worked for crypto consultancy Cryptodex. He left the SingularityNET project in March 2019 and is now focused on the technology R&D lab Vulpem, which he founded in 2015. Dr. David Hanson is SingularityNET's third co-founder. He has a long and varied history in the robotics industry, working with Disney between 1998 and 2001 before founding several robotics startups — including Human Emulation Robotics, Initiative for Awakening Machines and Hanson Robotics over the last two decades. What Makes SingularityNET Unique?SingularityNET is the first platform that makes it easy for developers to sell their AI tools and libraries and enables buyers to test any AI service provided on the marketplace to see if it meets their needs before making payment. On top of this, those in need of specific AI services can also tap SingularityNET’s extensive community of AI specialists through the Request for AI portal (RFAI) — which allows customers to easily commission a new AI tool, while developers can earn AGIX tokens by filling these requests. The utility of the AGIX token has evolved with the development of the SingularityNET ecosystem. In October 2020, SingularityNET launched its SingularityNET Enhancement Proposal (SNEP) feature, enabling AGIX holders to vote on changes to the network’s operations. Whereas in March 2020, a staking feature was added, enabling users to stake their tokens In a collaboration with Hanson Robotics, SingularityNET recently released a joint venture known as Awakening Health, which develops products that leverage AI for healthcare purposes. Its first product is Grace, a humanoid assistant for the healthcare industry. Related Pages:Check our Rarible (RARI) — a decentralized marketplace for non-fungible tokens. Check out Uniswap (UNI) — the governance token for the Uniswap decentralized exchange. Learn about decentralized exchange (DEXs) with CoinMarketCap Alexandria. Meet the CoinMarketCap blog — your source for crypto insights, updates, and announcements. How Many SingularityNET (AGIX) Coins Are There in Circulation?As of February 2021, a total of 861.5 million AGIX tokens representing 86% of the total supply were in circulation. As such, AGIX can be considered largely diluted. Half (50%) of the total AGIX supply was sold during SingularityNET's 2017 ICO. Beyond this 20% was reserved for early developer and partner incentives, 18% for the core team members (now fully vested), 8% for the SingularityNET foundation for the long-term development of the platform, whereas the last 4% was reserved for security bounties. How Is SingularityNET Network Secured?AGIX is an ERC-20 token. This means it’s backed by the Ethereum proof-of-work (PoW) consensus algorithm and battle-tested network of tens of thousands of nodes and miners. To date, the Ethereum network has never been successfully attacked and is considered one of the most secure networks currently operating. The team behind SingularityNET has hinted that SingularityNET may move to another blockchain in the future, and recently announced it was exploring the possibility of launching on the delegated proof-of-stake (dPoS) Cardano blockchain. Where Can You Buy SingularityNET (AGIX)?The AGIX token is available to trade on several prominent exchange platforms, including Binance, KuCoin, and HitBTC. It's also available on two of the most popular DEXs — Uniswap and Balancer. Currently, the only available trading pairs for AGIX are AGIX/BTC, AGIX/ETH, and AGIX/WETH. It is not currently possible to purchase AGIX directly with your credit or debit card from any of these exchange platforms, but you may be able to buy Bitcoin (BTC) first, and then exchange this for AGIX. Here’s how. reference
|
|||||||
| 5876. |
XSGD meaning in Cryptocurrency ? |
|
Answer» What is XSGD? XSGD is the fully collateralized Singapore Dollar stablecoin, powered by open-source blockchain protocols. What blockchains support XSGD?XSGD tokens are available on two distinct blockchain protocols. XSGD is available on the Ethereum blockchain as ERC-20 tokens and can be stored with any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet. Who issues XSGD?XSGD is issued by Singapore-based payments leader Xfers via the StraitsX platform. As a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS), Xfers can mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank and will always be redeemable on the StraitsX platform. How can I use XSGD?Use XSGD as a stable store of value and unit of account denominated in Singapore Dollar in digital assets markets. Send Singapore Dollar on the Blockchain Make near-instant, low cost transfers of XSGD globally, 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent. Interoperable across Digital Asset Markets Transfer, spend and recieve XSGD with StraitsX partners across multiple blockchains and a wide range of supported applications. Supported by DeFi Protocols Leverage XSGD in Decentralised Finance applications or “DeFi”. Swap or provide liquidity with XSGD to take part in the future of finance. Where can I get XSGD?Individuals can mint and redeem XSGD on the StraitsX platform and spend XSGD with StraitsX partners and businesses can leverage StraitsX APIs to support XSGD. XSGD is also supported on major exchanges. For a full list of supported platforms and applications, visit straitsx.com. reference nan |
|
| 5877. |
COVAL meaning in Cryptocurrency ? |
|
Answer» Circuits of Value (COVAL) is a cryptocurrency and operates on the Ethereum platform. Circuits of Value has a current supply of 1,786,752,135.9070642. The last known price of Circuits of Value is 0.12661126 USD and is up 3.89 over the last 24 hours. It is currently trading on 19 active market(s) with $11,643,350.00 traded over the last 24 hours. More information can be found at https://circuitsofvalue.com/. reference nan |
|
| 5878. |
JASMY meaning in Cryptocurrency ? |
|
Answer» JasmyCoin is based on the ERC 20 standard. The token can also be used by an unspecified number of individuals and businesses to transfer tokens using digital devices as proof of value exchange or payment for services. By not limiting its usability, the token can have a wide range of purposes. reference nan |
|
| 5879. |
HUSD meaning in Cryptocurrency ? |
|
Answer» What Is HUSD (HUSD)? HUSD is a secure, reliable, and fiat-collateralized stablecoin. It combines the stability of the US dollar and the efficiency of blockchain technology. Additionally, it provides holders with a tool to reduce volatility when trading in the cryptocurrency market. When designing the project, the development team focused on security, liquidity and convenience. HUSD was created to provide price stability to attract a serious crypto trading audience and simplify interactions with global markets. Developers announced the HUSD project in 2019. Later, Stable Universal released HUSD in compliance with all required US legal requirements. This organization attracts skilled developers to ensure they provide the safest and most reliable services to end-users. HUSD is issued as an ERC-20 token on the Ethereum blockchain and is backed at a 1:1 ratio by US dollars held in US bank accounts. The HUSD token is held in reserve by the Paxos Trust Company. This measure is essential to provide oversight and support from the regulatory authorities. Every month, a leading US auditing firm conducts tests to ensure that USD reserves are matched against HUSD supplies. The HUSD token (the name a combination of Huobi and USD) is listed on the Huobi Global exchange platform and can be converted to any of these four stablecoins: PAX, TUSD, GUSD, and USDC. Investors can also deposit and withdraw stablecoins using the all-in-one stablecoin solution. Who Are the Founders of HUSD? Frank Zhang is the honorable founder and CEO of Stable Universal. The company is headquartered in Central District, Hong Kong, and Stable Universal operates in the Financial Services sector. Prior to that, Zhang worked at the Bank of China (New York) as BSA Officer, AVP. Claude Gu is another HUSD team member. His role at Stable Universal is Senior Overseas Operations Manager. Gu studied digital and graphic communication at Hong Kong Baptist University, and holds an MA in new media from the same university. In 2016, he was Senior Digital Account Executive at SAME SAME but different (Paris). In 2018, he focused on Corporate Social Media Operations at Lenovo (Beijing), and in 2020 he joined Stable Universal. Shi Deng is the final founder of HUSD. He is the designated BSA Officer and Compliance Director at Stable Universal. Deng was educated at Fudan University (Bachelor of Laws) and at Fordham University (Master of Laws). He became a part of Stable Universal in 2019. What Makes HUSD (HUSD) Unique? The HUSD team is committed to providing a secure and interoperable product in the form of a dollar-pegged stablecoin. The developers understand stablecoins are a rapidly developing segment that could be the missing puzzle piece to mass crypto adoption. HUSD was first launched in 2018 and was listed on the Huobi Global exchange. The main idea of the stablecoin was to combine four others — Paxos Standard (PAX), True USD (TUSD), USD Coin (USDC), and Gemini Dollars (GUSD) — into one HUSD token. However, users didn’t want to trade using HUSD, as the token pricing seemed opaque to them. Huobi then decided that the stablecoin should not depend on the exchange. In 2019, Stable Universal and Paxos stepped in to secure the ERC-20 HUSD stablecoin. Since then, Huobi has transferred the previous stablecoin to a new and universal one. The HUSD cryptocurrency is a token based on the Ethereum blockchain. HUSD exists as an ERC-20 token, allowing it to be integrated with Ethereum-based applications. When a user needs to redeem HUSD, they send tokens to the address for which Stable Universal is responsible. There (via Paxos), tokens are transferred into fiat currency to the user's bank account. This allows traders and exchanges to use HUSD as an alternative to fiat currencies. Features that make HUSD stand out: Every dollar supporting the HUSD token is held in reserve by Paxos Trust Company. This means that the HUSD token fulfills the industry's established requirements for stablecoins.It is completely integrated with Huobi Global, one of the most well-known liquid exchanges in the cryptocurrency world.The platform has a quick, straightforward login (and logout) through a service launched by Stable Universal. With its help, you can easily purchase and redeem HUSD tokens.Related Pages: Read about Paxos Standard (PAX), USD Coin (USDC) and Binance USD (BUSD). What is a stablecoin? Learn more here. What are the main use cases for stablecoins? Learn more with CMC Alexandria. Check out the CoinMarketCap blog for the latest news, updates, and trends in the crypto market. How Many HUSD (HUSD) Coins Are There in Circulation? HUSD is a 1:1 ERC-20 token pegged to the US dollar. As of June 2021, 555,449,408 tokens were issued, the same amount in circulation. The total supply of HUSD is backed by fiat currency, which is held in the Paxos reserve. If there is a request for the purchase (or redemption) of HUSD tokens, then cash is transferred to the reserve and back. The only party that can affect the turnover of HUSD tokens is Stable Universal. The organization issues tokens when users' fiat currency is deposited into a Paxos account. And when tokens are redeemed for fiat deposits in Paxos bank accounts, Stable Universal destroys the tokens. To demonstrate the system's solvency, HUSD resorts to a reserve confirmation system to provide full collateral. Moreover, Stable Universal publishes reports that prove the existence of the dollar reserves, which keep the tokens in circulation. The HUSD token can also be used to pay for a variety of goods and services. How Is the HUSD Network Secured? HUSD is a highly decentralized and secure token that was built on top of the Ethereum network. HUSD transactions follow instructions laid out by ERC-20 smart contracts. This aspect eliminates the need to use third parties by relying on the secure and tested blockchain network. Furthermore, you shouldn’t have any problems with trading tokens, because all movements are supported by a considerable number of exchanges and wallet applications that Ethereum supports. HUSD is audited and secured by SlowMist, and the platform complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Where Can You Buy HUSD (HUSD)? Here are the steps to purchase HUSD: Log in to your HUSD account (or sign up);Verify your identity;Make a dollar deposit;Place an order to buy HUSD tokens.The main crypto exchange platforms where you can trade HUSD tokens include: Huobi Global, Gate.io, MDEX, Hotbit, Pionex, Hoo, 0x Protocol, Tokenlon, NUT MONEY, and BHEX (BlueHelix Exchange). New to crypto? Not sure how to convert fiat into cryptocurrency? Check out our full guide. reference nan |
|
| 5880. |
STARL meaning in Cryptocurrency ? |
|
Answer» Launch into the new frontier of virtual space with the STARL Metaverse. Adventure through the cosmos alone or with others and discover space stations where you can meet people, trade items and NFTs, access various gaming experiences and entertainment, modify your spaceship, learn, craft, and create. The $STARL token will be your key to everything in the metaverse. It is the currency for the first truly decentralized metaverse project: 100% unlocked, renounced, and community-driven. The STARL Metaverse Project is the first crypto project to onboard a AAA game design and development team with over two decades of experience, including work for PlayStation, Disney, Lionsgate Entertainment, Lucasfilm, Pixar, and the LEGO group. STARL will be the bridge between the professional gaming industry and cryptocurrency. The STARL Metaverse will act as a gaming launchpad, with the first game Warp Nexus being adapted and developed by Wyrmbite Studios. Warp Nexus is a vast space exploration and play-to-earn space MMO. Use the $STARL token to build and modify ships, hire other pilots to help guide or battle through missions, trade useful or cosmetic items and upgrades, and much more. The STARL Marketplace is the interconnection between the metaverse, games, and blockchain. Use it to find, create, and trade NFT items for your adventures and virtual life in space. The Marketplace is where artists can list their creations, explorers can sell their found treasures, pilots can hunt for ship upgrades, and users can shop for unique customizations for their avatars and virtual real estates. Anything is possible in the metaverse when it is in space, and this is just the beginning. reference nan |
|
| 5881. |
ALCX meaning in Cryptocurrency ? |
||||||||
|
Answer» INFO: Full form for ALCX is Alchemix in Cryptocurrency category
|
|||||||||
| 5882. |
BTRST meaning in Cryptocurrency ? |
|
Answer» To learn more about this project, check out our deep dive of Braintrust. Braintrust is the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies. The community that relies on Braintrust to find work are the same people who own and build it, ensuring the network always serves the needs of its users, instead of a centrally-controlled corporation. And because the community of knowledge workers and contributors earns ownership and control of Braintrust through its native BTRST token for its contributions to the network and its growth, new talent and jobs have participated in the network at record speeds. Braintrust has over 50,000 community members, with knowledge workers and project contributors across the world. Braintrust is used by global enterprises including Nestle, Porsche, Atlassian, Goldman Sachs, and Nike. For more information, visit: www.braintrust.com. reference nan |
|
| 5883. |
QTUM meaning in Cryptocurrency ? |
|
Answer» What Is Qtum (QTUM)? Qtum (pronounced ‘“quantum”) is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain. To learn more about this project, check out our deep dive of Qtum. The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain. Who Are the Founders of Qtum?Patrick Dai is the project’s founder and the chairman of the Qtum Foundation. He studied computer science in Draper University and then dropped out of PhD from the Chinese Academy of Sciences. He started his career as a product manager at Alibaba and then worked on a series of blockchain projects, including Factom, Vechain, Bitse Group and Meilink before starting Qtum in 2016. The other two co-founders are the CTO and blockchain architect Neil Mahi and lead developer Jordan Earls. Many of the team members listed on the Qtum official website seem to not have an active Linkedin page or a Github profile. It is confirmed though that Qtum has several high-profile backers, including the Bitcoin.com’s Roger Ver and Jeremy Gardner, an early crypto investor turned skincare professional, co-founder of Augur and EIR in Blockchain Capital. What Makes Qtum Unique?Qtum is a general purpose blockchain that tries to address four issues its founders found most problematic in BTC and ETH blockchain platforms: interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications. The Qtum blockchain has two unique technologies that aim to solve that: Account Abstraction Layer (AAL) and Decentralized Governance Protocol (DGP). The Account Abstraction Layer integrates the UTXO (Unspent Transaction Output) account layer inherited from Bitcoin with the smart contract layer, inspired by Ethereum. It allows users to build applications and host them on virtual machines, including the Ethereum Virtual Machine (EVM), and the x86 virtual machine. It also supports i686 instruction set and several programming languages like C, C++, Rust and Python, which makes it very easy to adopt existing apps and compile for Qtum. Not only does it allow turing-complete smart contracts, Qtum also plans to integrate common programming libraries in the form of smart contracts. The Decentralized Governance Protocol allows smart contracts to change the core parameters of the network such as block size and gas fees without ever needing to hard fork the blockchain, which may save a lot of trouble as the network is evolving. Miners (stakers), developers and QTUM holders within the entire ecosystem are involved in blockchain governance through voting, and the blockchain can realize self-management, upgrades and iteration. Related Pages:Take a good look into Ethereum, the first cryptocurrency, supporting smart contracts. How well do you know Cardano? Be sure not to miss our deep dive. Ready to learn more? Visit our learning hub. Check out our blog for the latest crypto news and insights. How Many Qtum (QTUM) Coins Are There in Circulation?According to the Qtum whitepaper, the initial supply of QTUM coins was 100 million, all of which were minted instantly before the project went online. 51 million coins were sold to the public through an ICO process in March 2017. Over that, 8 million coins went to the early private investors and 12 million were allocated to the project team with a four-year lock-up. The rest is controlled by the Qtum Chain Foundation, a non-profit company registered in Singapore, which will receive it in four parts by March-2021. These are 20 million coins allocated for business development purposes and 9% for academic research and promotion. The coin supply is not fixed, new tokens can be mined with block reward halving every four years from the initial block reward subsidy of 4.0 QTUM per block, going through seven halvings to eventually reaching zero by year 2045, when the maximum supply will reach 107,822,406 QTUM. How Is the Qtum Network Secured?The technical approach to Qtum is not the same as Bitcoin and Ethereum currently use. Qtum chose the MPoS (mutualized proof-of-stake) consensus mechanism for network security. It is a modified version of Proof-of-Stake 3.0. The protocol incentivizes users to keep their coins locked to facilitate and secure the block validation. This is called staking. Confirming each block is a competition between coin holders, where based on connectivity to the network and random chance they get to right to validate the block. Unlike the early PoS protocols, here the block reward is constant and does not depend on coin age for determining the likeliness of getting it. The rewards are spread proportionally to the stake, so the more coins are staked, the more reward the user gets. On top of that, the MPoS protocol is protected against “junk contract” attacks by splitting 10% of the block reward between the block producing miner and nine previous miners and delaying the remaining 90% by 500 blocks in the future. Unlike the proof-of-work mechanism used in Bitcoin, the proof-of-stake algorithms are significantly less costly to maintain, are more environmentally friendly and can provide a great deal of decentralization, which is the cornerstone of blockchain security. Where Can You Buy Qtum (QTUM)?QTUM is a freely-tradable token, available on most exchanges. Pairs available for trading include Bitcoin and altcoins, stablecoins and fiat money. The top exchanges for trading in Qtum are currently Binance, Huobi Global, OKEx, HBTC and Hydax Exchange. You can find others listed on our crypto exchanges page. New to crypto and want to know how to buy Bitcoin (BTC) or any other token? Find out the details here. reference nan |
|
| 5884. |
ZRX meaning in Cryptocurrency ? |
||||||
|
Answer» What Is 0x (ZRX)? 0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges. To learn more about this project, check out our deep dive of 0x. 0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products. The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol. In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity. Who Are the Founders of 0x?0x was founded in 2016 by Will Warren and Amir Bandeali. The two co-founders continue to serve the platform, with Will Warren as 0x's CEO, whereas Amir Bandeali is CTO. The platform launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million — with support from prominent investment firms including Polychain Capital, Pantera Capital and FBG Capital. Prior to the sell-out ICO, Warren worked in several research roles and briefly held the role of technical advisor to Basic Attention Token (BAT). Bandeali, on the other hand, graduated from the University of Illinois with a BSc in Finance and held several trading positions before co-founding 0x. Now the team is composed of more than 30 individuals, including engineers, researchers and designers who work to update the platform and keep it running smoothly. What Makes 0x Unique?Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps. The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges. Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms. On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding. Related PagesFind out about Uniswap (UNI) — a modern alternative to 0x. Click here to learn how to use Uniswap as a beginner. Check out Ferrum Network (FRM) — a platform used for building blockchain-based financial products.(https://coinmarketcap.com/currencies/ferrum-network/) Stay up to date with the latest news with the CoinMarketCap Blog. How Many 0x (ZRX) Coins Are There in Circulation?Like many digital assets, the ZRX token has a fixed maximum supply that will never be exceeded. This is set to 1 billion ZRX. Right now, around three quarters of this maximum supply is already in circulation, and just a small fraction of this is locked up for staking rewards. Unlike many protocols, 0x has never publicly described the emission rate for new ZRX tokens, making it difficult to say how long it will take until the circulating supply is fully diluted. But with 50% of the circulating supply released when the token launched in August 2017 and 75% of the supply released as of October 2020, this indicates it may achieve full dilution in the early 2020s. As per an early blog entry by 0x CEO Will Warren, half of the total ZRX token supply was sold to investors in the 2017 ICO, whereas 15% each is reserved for the 0x core development organization and external project development fund, while a further 10% is reserved for the founding team with a four year vesting schedule and one year cliff, and the remaining 10% is retained for early backers and advisors. How Is the 0x Network Secured?0x is built on top of the Ethereum blockchain. As a result, it is protected against attacks by the combined efforts of the massive Ethereum miner and node network. As for the underlying smart contracts, version 3 of the protocol has been audited by several third party firms which checked to see if there were any underlying vulnerabilities, backdoors and redundant functions, including ConsenSys Diligence — no major issues were found. However, a vulnerability was found in the v2.0 smart contract, which was later patched by the 0x core team. This vulnerability was detected by an independent researcher and was not exploited. 0x continues to operate a generous bug bounty, to help detect and patch any issues before they can be exploited. Where Can You Buy 0x (ZRX)?ZRX is currently available to trade on well over 200 different exchange platforms, but the most popular ones include Coinbase Pro, Binance and BitMax. It can currently be traded against a range of other cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as several fiat currencies, including U.S. dollars (USD), euros (EUR) and South Korean won (KRW). Looking to convert your fiat to crypto? Find out how. reference
|
|||||||
| 5885. |
RENBTC meaning in Cryptocurrency ? |
|
Answer» What Is RenBTC (RENBTC)? RenBTC is an ERC-20 token built on the Ethereum network, pegged to Bitcoin. This means that each RENBTC can be always redeemed for one Bitcoin, and hence tends to maintain its value at close to the Bitcoin market rate. RenBTC is minted on the Ren platform, which is an open protocol that provides everyone with access to the inter-blockchain liquidity, helping to bring assets from other blockchains to Ethereum decentralized applications (DApps). The main cryptocurrencies supported are Bitcoin (BTC), Bitcoin Cash (BCH) and Zcash (ZEC). The renBTC token is a direct competitor of Wrapped Bitcoin (wBTC). Minting the token is a fairly straightforward process, which sees users simply send their BTC to RenVM, which then secures the asset and mints an equivalent number of renBTC tokens on Ethereum. Unlike other Bitcoin-backed tokens, renBTC is not a synthetic token, and doesn’t rely on any liquidation mechanisms to ensure it remains pegged to the value of BTC — instead, it’s a direct supply peg, meaning there are always enough BTC in reserve to cover the circulating renBTC supply. Redeeming renBTC is just as simple as minting it. The user only needs to send their renBTC back to RenVM (paying a small gas fee to do so) which releases the native Bitcoin to the user’s address. The renBTC tokens are destroyed, reducing the supply to match the reduced reserves. Who Are the Founders of RenBTC (RENBTC)?Ren (formerly Republic Protocol) — the development firm behind the Ren ecosystem was founded by Taiyang Zhang, who is also its current CEO. Zhang was also a founding member of KeeperDAO and is one of the co-founders of Virgil Capital — a multi-strategy quantitative cryptocurrency trading firm. He is a skilled developer and early cryptocurrency adopter. The Ren team also includes Loong Wang, the current CTO of Ren. Wang was the lead software developer for Neucode, and also holds the position of academic tutor at the Australian National University. The rest of the team includes three more software developers, one blockchain developer, a researcher, and currently comprises more than 30 individuals. What Makes RenBTC Unique? The main difference between renBTC and other wrapped Bitcoin tokens is the fluid value exchange of the token. RenVM does not store any Bitcoin inside a centralized custodial platform but instead uses a decentralized network of nodes called Darknodes. Users can mint and burn tokens back and forth whenever they want, without needing to complete KYC to do so. The protocol can handle hundreds of transactions per minute, and has never been overloaded. Additionally, RenVM can be directly integrated into numerous decentralized applications through the use of specialized adapters provided by Ren. This means that a user can directly utilize Bitcoin (via RENBTC) on a decentralized exchange (DEX) or lending platform without needing to jump through any hoops first. It’s also important to note that the ECDSA private keys of RenVM are secret which creates a trustless, decentralized, and permissionless BTC token on the Ethereum network. reference nan |
|
| 5886. |
AUDIO meaning in Cryptocurrency ? |
|
Answer» What Is Audius (AUDIO)? Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience. Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally. Who Are the Founders of Audius?Audius was founded in 2018 by Roneil Rumburg and Forrest Browning, two California-based entrepreneurs. Roneil Rumburg is a Stanford University alumnus who co-founded Kleiner Perkins, an early-stage seed fund investing in blockchain and AI companies. Forrest Browning, also a Stanford alumnus, is a Forbes 30 Under 30 recipient and a co-founder of StacksWare, an enterprise data center management platform. The team is complemented by 21 other employees and backed by a host of other illustrious names, such as deadmau5, a popular electronic music producer, Adam Goldberg, co-founder and MD of Stanford Crypto, and Bing Gordon, co-founder of EA Games. What Makes Audius Unique?The Audius ecosystem consists of four main participants: artists, fans, content nodes and discovery nodes. Artists publish content on the Audius content ledger. They can do so at no cost and music is streamed at 320kbps, comparable to standards of Spotify and Google Play Music. Because of Audius’ decentralized nature, there is no copyright protection, although the protocol is working on an arbitration system that will be overlooked by the community. Artists can use Audius to experiment or share bonus tracks, and the platform plans to include artist tokens to facilitate monetization, subject to artists staking AUDIO. Artists can also articipate in reward schemes that see tokens airdropped to the most popular artists. Fans can listen to tracks for free and may in the future be able to stake AUDIO to participate in artists’ growth on the platform. They can also showcase their verified NFTs through the platform and earn different badges. Content nodes maintain the availability of content on AudSP, the platform-native extension to IPFS. An artist’s client elects a set of these nodes to do so automatically on the artist’s behalf, while fan clients fetch the content, submit proof, and request keys to content nodes. Artists could also choose to run their own content nodes and maintain greater control over their content distribution. The content ledger maintains a record and a single source of truth for all actions on the protocol. Discovery nodes index metadata queryable by users In other words, they enable users to find new content and act as its registry on the platform. Related Pages:Check out Solana (SOL) — the high-speed blockchain powering Audius. Check out Steem (STEEM) — a community-focused blockchain. Read our article about Crypto Music. Get the latest crypto news and latest trading insights with the CoinMarketCap blog. How Many Audius (AUDIO) Coins Are There in Circulation?The total supply of AUDIO is 1 billion tokens, with a current circulating supply of 411m AUDIO. The yearly inflation is 7%, and 50 million AUDIO were distributed to the top 10 artists and fans, with 75% going to artists based on stream count. The token distribution is as follows: 23% to premined rewards and airdrops36% to investors41% to founders and the protocol itselfThe token is designed for three main purposes: Securing the networkUnlocking access to featuresActing as a governance tokenTokens can be staked as collateral of value-added services. Node operators can also stake AUDIO to secure the network and run the protocol, while each token also receives governance weight and influences the protocol’s future. How Is the Audius Network Secured?Audius chose to migrate to Solana because of the growing demand. The team indicated Solana was chosen for several reasons. First, it’s cheap, offering 1m transactions for 10$. It’s also fast, with block times of 400ms and confirmations under one second. Finally, Solana is decentralized, with over 200 nodes on its mainnet. Staking and governance functionality still remain on Ethereum, with AUDIO being a ERC-20 token. Solana is a layer one blockchain with a proof-of-stake consensus mechanism with partial Byzantine fault tolerance. It has 200 nodes operating worldwide that can, at their peak, process up to 50,000 transactions per second. Solana performs a set of coordinated optimizations to achieve such impressive performance and processes transactions in a multi-threaded way, which sets it apart from slower blockchains. Where Can You Buy Audius (AUDIO)?AUDIO is available on FTX, Binance, Uniswap (V2), BitStamp and Gate.io. reference nan |
|
| 5887. |
RUNE meaning in Cryptocurrency ? |
||||||||
|
Answer» What Is Rune (RUNE)? Rune is an open-ended dark fantasy gaming universe built on Binance Smart Chain, where players can battle, join a guild, collect powerful weapons, and earn NFTs and cryptocurrency in the form of runes by playing. Runes are small and rare stones inscribed with magical glyphs needed to craft Runewords (NFTs), weapons, and armor. 33 different Runes are distributed to players over two years. Each Rune has a supply of 100,000 or less, and players can earn Runes by competing against other players, joining guilds, participating in yield farms, and community participation. The Rune universe consists of Rune Evolution, a play-to-earn game, Rune Farm, the yield farm, Runewords (NFTs), and the Rune Infinite Arena, a player-versus-player game. The team is also developing the Rune Sanctuary, an MMORPG that will be launched in 2022. Currently, Rune is running on BSC, but the team sees the universe as blockchain-agnostic and is building a bridge to Polygon. Who Are the Founders of Rune?Rune’s founders are anonymous. The team chose to stay anonymous to protect itself, its associates, and users from “archaic legislation imposed by governments who won’t understand the emerging DeFi field for years to come.” The team alludes to “Binzy,” which is their fill-in for the person(s) behind Rune, a real software engineer with 20 years of experience and connections in the crypto world. In total, the team consists of 12 people: the lead dev, four unity developers, a React developer, a Solidity developer, two consultant developers, two consultant project managers, one marketing manager, one community manager, four mods and some advisors What Makes Rune Unique?Rune offers an attractive mix of blockchain gaming, NFTs, and elements from decentralized finance. Its universe is split into four different parts. Rune Evolution is a play-to-earn game and was the first game built for the ecosystem. You start as a dragonling that can fly around and eat sprites to evolve into a dragon eventually. One round in the web browser-based game lasts five minutes, and players can earn crypto as a reward. Rune Farm is the yield farm that attracts liquidity to the ecosystem. You can acquire runes through providing liquidity and raiding farms, i.e., yield farming. The team promises that since the supply of runes is limited, their price should find a bottom. Moreover, each rune has its specific utility, and runes can also be combined to build Runewords. Furthermore, for 2022, an online RPG built around runes is in development. Runewords (NFTs) are unique weapons and armor. Each Runeword is suitable for a specific hero class (seven different hero classes exist) or style of play. Runewords improve a hero’s capabilities in battle and offer improved farming and merchant abilities. Runewords are shared, collected, and traded in the Rune Market and players will soon be able to lend them to others. Runewords are crafted from runes. Finally, the Rune Infinite Arena is a player-versus-player, web-based 2D topdown game, where you battle your opponents for prizes. Once you defeat an opponent, they go back to the beginning while you can continue the path that goes on infinitely. The last one standing after one minute of battle claims a reward in the form of crypto or NFTs. Every 15 minutes, you enter a new arena. Related Pages:Check out Axie Infinity (AXS) — a pet-oriented trading game incorporating NFTs. Check out Pancakeswap (CAKE) — the biggest decentralized exchange on BSC. Read CoinMarketCap’s deep dive on Rune. Get the latest crypto news and latest trading insights with the CoinMarketCap blog. How Many Rune (RUNE) Coins Are There in Circulation?The total supply of RUNE is 22,530. 3,230 RUNE were burned, leaving a total circulating supply of 19,300. 10,000 RUNE were minted, and the remaining 12,530 were farmed. The original 10,000 RUNE were locked for five years using DxLock. The team launched RUNE as an experiment to bootstrap the ecosystem and create a community. It plans to split RUNE into Rune Shards (RXS) on Polygon in a 1:10,000 ratio. RXS could then be used as payments and rewards in games throughout the Rune Universe. RUNE incurs a 1% transfer fee and up to 1% vault fee, including a 0.1% charity fee and a 0.1% developer fee. This fee goes to the vault, where it is used to fund marketing, development, and community-building events. How Is the Rune Network Secured?RUNE is a BEP-20 token on the Binance Smart Chain. Runes are also BEP-20 tokens. The project was forked from Goose, which was audited by Certik and Hacken. The team claims to have audited it internally by half a dozen developers and is working on getting more official audits. It uses no oracles for prices and does not depend upon other contracts for live calculations. It also doesn’t pair the liquidity with partners, minimizing the danger of a flashloan attack. BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so. When Will Rune Trading Begin?Rune launched on March 30, 2021, on the Binance Smart Chain. Where Can You Buy Rune (RUNE)?RUNE is available on PancakeSwap and Cointiger. reference
|
|||||||||
| 5888. |
RNDR meaning in Cryptocurrency ? |
|
Answer» What is RNDR? RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020. How does RNDR workRNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). RNDR utilizes a combination manual and automatic proof of work system, or in this case proof of render, in order to verify all art has been successfully rendered prior to payment disbursal and art release. Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering, and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors in both user bases, all assets rendered on the network are watermarked until payment is successfully disbursed, upon which time un-watermarked renderings may be downloaded, and all payment is held in escrow until manually verified as being correctly rendered. About RNDRBacked by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT), who have all advised RNDR in various capacities in bridging the gap between creating a system that appeals to both cryptocurrency communities and Hollywood studio production pipelines. reference nan |
|
| 5889. |
LUSD meaning in Cryptocurrency ? |
|
Answer» LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol. At any time it can be redeemed against the underlying collateral at face value. To borrow you must open a Trove and deposit a certain amount of collateral (ETH) to it and can then draw LUSD up to a collateral ratio of 110%. reference nan |
|
| 5890. |
C98 meaning in Cryptocurrency ? |
|
Answer» What Is Coin98 (C98)? Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming. To learn more about this project, check out our deep dive of Coin98. Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge). Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions. Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon. Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks. The C98 token is the native utility token of the Coin98 platform and will be used to pay services fees, as staking incentives, for governance, and unique membership rights. In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace. In July 2021, Coin98 was a Binance Launchpad project. Who Are the Founders of Coin98?The platform was co-founded by Thanh Le and Vinh The Nguyen. Thanh Le was a serial entrepreneur and an early investor of ThorChain, Band Protocol, Alpha Finance, and more. Vinh The Ngyuyen is the co-founder of Kytek Software, a company which helps to review and build applications. Khiem Dang is the CTO, who is also a co-founder of Kytek Software. What Makes Coin98 Unique?The unique thing about Coin98 Wallet is the first multi-chain compatible wallet engine, which means users can interact with different wallets of different blockchains at the same time, with one single passphrase, without complicated switching requirements. Related Pages:Learn more about Binance Smart Chain. Check out our glossary term for ERC-20. Learn more about staking. Read our blog! Alexandria article about Coin98: What is Coin98? How Many Coin98 (C98) Coins Are There in Circulation?C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is the same as the total supply. The maximum supply of C98 is 1,000,000,000. The tokens are allocated as follows: 21% of tokens go to growing the ecosystem, 20% to developing the community, 20% to the team, 15% for strategic sale, 12% for the treasury, 5% for the seed sale and another 5% for the Binance Launchpad sale, with the last 2% for advisors. For more information about the C98 tokenomics and release schedule, see here. How Is the Coin98 Network Secured?The C98 token is supported on Ethereum, Binance Smart Chain and Solana, and exists as an ERC-20, BEP-20 and SPL. Besides the in-house dedicated dev team, Coin98 also has external audits to ensure its smart contracts and products are secure. Some of enlisted audits are Certik for Coin98 Wallet, Armor for C98 smart contracts (ETH & BSC). Where Can You Buy Coin98 (C98)?C98 is available on multiple exchanges, including Binance, FTX, KuCoin, Bybit, AscendEX, Crypto.com, PancakeSwap and SushiSwap. There are currently no known fiat trading pairs for C98, but you may be able to buy Bitcoin (BTC) with fiat and then trade it for C98 on Binance. Our most recent articles about Coin98: [What Is Coin98?]https://coinmarketcap.com/alexandria/article/what-is-coin98 reference nan |
|
| 5891. |
METIS meaning in Cryptocurrency ? |
|
Answer» Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases, including NFT platforms, decentralized Reddit-like social platforms, open-source developer communities, influencer communities, gaming communities, freelancer communities, crowdfunding, yield farming, DEX trading, and much more. Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world's largest decentralized finance ecosystem, without the costs and bottlenecks normally associated with Ethereum. Metis' goal is to make building DApps and DACs on its platform so easy to do; even total blockchain novices can make it happen in a matter of minutes. reference nan |
|
| 5892. |
BLOK meaning in Cryptocurrency ? |
|
Answer» To find out even more about this project, check out our deep dive of Bloktopia. What Is Bloktopia (BLOK)?Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create. Who Are the Founders of Bloktopia?Bloktopia is built by experienced blockchain veterans, headed by CEO and co-founder Ross Tavakoli. A “Crypto OG” who has been active in the cryptocurrency space since 2015, Tavakoli’s experience helps Bloktopia with retail investment in the platform. CMO and co-founder Paddy Carrol has worked for some of the UK’s largest brands like BT Group and Sky. The team is complemented by CTO Simon Benson, the project’s tech lead with over 25 years of commercial development experience, and CIO Libby Rothwell, with over 15 years of experience in the film industry. In addition, Bloktopia has an array of investors that have helped it build a community of over 300,000 followers on Twitter. Animoca Brands, one of the biggest crypto VC funds, is its lead investor and was joined by funds like AU21 Capital, Magnus Capital, Polygon and Avalanche. What Makes Bloktopia Unique?Bloktopia aims to create a highly engaging user experience by adding several elements Bloktopians can interact with on the platform. To engage with Bloktopia’s high-end metaverse, one needs to create an avatar that spawns outside the Bloktopia 21-story skyscraper. Entering the first level, you can get cryptocurrency pricing information, turn to the helpdesk or use the navigation area. You can also get an overview of events taking place in the metaverse on that day, and Bloktopia expects high demand from exchanges and crypto influencers for advertising space in this area. The auditorium will host immersive and interactive video presentations from crypto influencers and will constitute part of the key events in the Bloktopia metaverse. There will also be another floor hosting a penthouse and gaming section, where users can compete for BLOK in multiplayer games, family-friendly games, or casino games like poker. Furthermore, there will be the option to purchase real estate represented by an NFT, which can later be leased to advertising parties or used to host your own events. Bloktopia also offers 21 large totems and 84 small totems called ADBLOK, located on the first floor of its skyscraper and are considered excellent advertising opportunities. Thus, users are able to unlock multiple streams of passive and active income, access educational and learning tools about crypto, and take part in virtual events and gatherings. Related Pages:Check out Dvision Network (DVI) — a blockchain-based VR content ecosystem. Check out Netvrk (NTVRK) — a social virtual world built on the blockchain. Check out our deep dive of Bloktopia. Get the latest crypto news and trading insights with CoinMarketCap Alexandria. How Many Bloktopia (BLOK) Coins Are There in Circulation?BLOK is the native utility token Bloktopians can unlock exclusive privileges with. It can be used to buy property and advertising space or vote in the metaverse’s governance. Bloktopians can use BLOK to purchase avatars and create a personalized version of the metaverse on the marketplace. Moreover, staking and rewards programs allow the community to earn income in BLOK. The total supply of BLOK is 200 billion, according to the following distribution: Early adopters (3.29%): 5% at listing, 10% distribution 2, 3, 4 & 5, 15% distribution 6, 7 & 25% distribution 8Seed round (4%): 5% at listing, 10% distribution 2, 3, 4 & 5, 15% distribution 6, 7 & 25% distribution 8Private round 1 (4.15%): 5% at listing, 10% distribution 2, 3, 4 & 5, 15% distribution 6, 7 & 25% distribution 8Private round 2 (6.16%): 10% distribution 2, 3, 4 & 5, 15% distribution 6, 7 & 25% distribution 8Public sale (1.4%): 10% at listing, 20% distribution 2, 3 & 4 & 30% distribution 5Advisors (7%): Unlocked in month 12, linearly released in 12 monthsTeam (15%): Unlocked in month 12, linearly released in 12 monthsTreasury (33%): Unlocked as neededStaking (25%): Rewards given from launchExchange liquidity (1%): unlocked on TGE.The initial supply at listing was 2.04 billion BLOK. How Is the Bloktopia Network Secured?BLOK is an ERC-20 on Polygon, a layer-two scaling solution of Ethereum. Polygon allows for the creation of different scaling solutions, such as optimistic rollup chains, ZK rollup chains, or side chains. It uses a customized version of the Plasma framework built on proof-of-stake checkpoints that run through the Ethereum mainnet. The platform also partnered with Venly, a leading platform for blockchain game development, allowing it to bridge the gap between crypto and gaming. Where Can You Buy Bloktopia (BLOK)?BLOK is available on OKEx, KuCoin, Gate.io and QuickSwap. reference nan |
|
| 5893. |
STORJ meaning in Cryptocurrency ? |
|
Answer» What Is Storj? Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens. Who Are the Founders of Storj?Storj was founded by Shawn Wilkinson in May 2014. Wilkinson was a software developer based in Atlanta. He saw how blockchain technology could be leveraged to build a decentralized cloud storage network. Together with his co-founder, John Quinn, the first white paper was published late 2014. Since then, the concept and details have changed. The current version of Storj, V3, was launched in the middle of 2019. In addition to being a blockchain enthusiast, Quinn had extensive background in business development. Prior to founding his own projects (including Storj) he had been involved in the investment banking industry. The concept was finally incorporated as a company — Storj Labs Inc. in May 2015. At the company’s inception, Wilkinson served as CEO. Later, he stepped down for a more experienced hand to take the wheel, with Ben Golub currently serving as CEO. Wilkinson is now the chief strategy officer (CSO), while Quinn serves as the chief revenue officer (CSO) as well as a member of the company’s board. The platform was able to raise 910 bitcoin worth about $460,000 in 2014 in a public crowd-sale. They raised $3 million in a seed funding round three years later and then held a token sale, generating an additional $30 million that same year. What Makes Storj Unique?As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing traditional cloud storage services. How Many Storj Coins Are There in Circulation?Initially about 500 million $Storj tokens were minted on the Ethereum blockchain. After Storj Labs hosted a token sale, 75 million of these were burned. Now the total tokens available in circulation is just short of 425 million. In 2017, before the token sale, the company locked up 245 million tokens in a reserve. The token sale itself had 70 million tokens released into circulation. How Is the Storj Network Secured?Storj Labs Inc., uses its Tardigrade software installed on node computers to create and secure user data. This network of anonymous nodes removes the need to trust cloud storage service providers to secure the privacy of our data. The system is also peer-to-peer encrypted, which means that each file is encrypted before being dispersed to the network of independent hosts. Each node only receives a random fragment of a whole file with decryption keys split among each node and the host, making it almost impossible to hack. Node operators get rewarded for hosting data as well confirming the safety and retention of the hosted files randomly in a process known in the crypto world as mining (PoW). The Storj token is used for this purpose. Individuals or organizations who want to store their data on the network provide the Storj tokens paid to nodes This system ensures that user data are protected against hacks and other malicious attacks. It also removes the risk of storing data in a few isolated data storage units — which can be subject to a planned, coordinated attack, leading to mass loss of user data. Where Can You Buy Storj Coins?As one of the earliest blockchain solutions, Storj’s token has liquidity. Over fifty exchange platforms have $Storj listed in pairs with other major currencies and cryptocurrencies, including Coinbase Exchange, Crypto.com and Binance. You can make a direct conversion of USD and Euro on Kraken as well. Learn how other platforms are leveraging the Ethereum blockchain to drive innovation here. reference nan |
|
| 5894. |
DYDX meaning in Cryptocurrency ? |
|
Answer» To find out even more about this project, check out our deep dive of dYdX. DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol. By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol. DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. reference nan |
|
| 5895. |
MOVR meaning in Cryptocurrency ? |
||||||
|
Answer» To find out even more about this project, check out our deep dive of Moonriver. What Is Moonriver (MOVR)?Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes. What is MOVR?As a decentralized smart contract platform, Moonriver requires a utility token to function. MOVR is central to the design of Moonriver and cannot be removed without sacrificing essential functionality. The Moonriver token uses include: Supporting the gas metering of smart contract executionIncentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can runFacilitating the on-chain governance mechanism, including proposing referenda, electing council members, voting, etc.Paying for network transaction feesMoonriver tools and integrations include:Ethereum developer tools such as Metamask, Remix IDE, web3.js, Ethers.js, Truffle and other toolkits such as Polkadot.js appsOracle integrations such as Chainlink, Band Protocol, Razor, and DIA ProtocolAPI & Infrastructure integrations: Onfinality, CovalentWallets: Mathwallet, Polkadot.js, Metamask, AirGapPartnerships with other Polkadot chains: Acala, Polkadot’s relay chain, Equilibrium, Kilt, Phala, CrustBridges: Chainbridge, Ren, Interlay, Snowfork, AxelarBlock explorers - Subscan, Polkadot.js, Blockscout*DeFi Protocols: Balancer, SushiSwap, Offshift, IDEX, Linear Finance, Injective ProtocolAssets & Issuance Partners: Ocean Protocol, AllianceBlock, AMPnet, Poolz, Polkastarter and KiltDApps: Human Protocol, Polkacover, BeProWhat are the tokenomics of MOVR?There will be a total supply of 10 million MOVR tokens once the Moonriver Network launches with a yearly inflation rate of 5%.A more detailed summary of the allocation of River tokens can be found here: https://moonbeam.foundation/river-token/ reference
|
|||||||
| 5896. |
CELR meaning in Cryptocurrency ? |
|
Answer» What Is Celer Network (CELR)? As exciting as blockchain is, it can leave much to be desired with transaction speeds and throughput. The Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transactions handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts. The project was among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. As to the overall goal of the network, its founders envisioned unleashing the full potential of blockchain and revolutionizing Dapps with more efficient and productive outputs. To learn more about this project, check out our deep dive of Celer Network. The Celer Network ArchitectureThe Celer Network architecture (cStack) is built on four elements: 1) cOS: The core of the network that provides the workflow. 2) cRoute: A mechanism that allows an increased operations capacity by streamlining routes within the network. 3) cChannel: Channels for transmitting transactions within the network. 4) cApps: An ecosystem application layer used for scaling and user privacy. The platform uses a Proof-of-Stake (PoS) consensus variation called Delegated Proof of Stake (DPoS). With this algorithm, participants may stake their coins for a reward while transferring the responsibility of validating transactions to "delegates." CELR holders will provide tokens for liquidity and will receive a reward for doing so. The key point of Celer is that the platform allows layer-2 scaling for any blockchain. Thus, the project covers a wide spectrum of the market, multiplies the liquidity potential, and increases the product's reliability, coverage, and adaptation. Who Created The Celer Network?Celer Network was founded in 2018 by a strong team of engineers with incredibly technical and specialized experience. All four co-founders of Celer hold PhDs in Computer Science from universities like MIT and UC Berkely, and all have a work history with high-profile tech companies. Dr. Mo Dong is a bonified expert in the application of algorithmic game theory and protocol development. He also teaches comprehensive courses on smart contracts. He previously worked as a development engineer and product manager at Veriflow.Dr. Junda Liu graduated from UC Berkeley and worked with Google in 2011 to create the infrastructure for their data center. In 2014, he became one of the founders of the Project Fi mobile service. After that, he took the position of technical manager at Android Tech.Dr. Xiaozhou Li received his education at Princeton. Li interned at Microsoft before working at Barefoot Networks as a software engineer. Today, his published and widely-read academic works span distributed systems, networks, storage, and data management.Dr. Qingkai Liang holds a degree from MIT. He has worked for the MIT Laboratory for Information and Decision Systems (LIDS), Bell Labs, and Google as a software engineering intern. His research focuses on learning and controlling problems in networked systems, namely online learning algorithms in adversarial networks.What Makes Celer Network (CELR) Unique?Celer is a networked system and not a separate blockchain. The platform instead runs on top of existing and future blockchains. The developers focused on scalability in order to improve the throughput of crypto blockchains. The founders are confident that in-house solutions will not bring results to future decentralized blockchains (globally). Instead, they propose to solve the problem with their off-chain platform. The four levels of the cStack architecture are evenly partitioned to provide several unique benefits. The advantages include: reduced transaction delays; decreased commission for micropayments; zero commission in working off-chain smart contracts; horizontal scaling in joining new nodes; availability of an off-chain model of cryptoeconomics; an optimal routing algorithm for transactions; and support for various blockchains. The cEconomy is a unique cryptoeconomic model that is responsible for maintaining stable liquidity and availability for the ecosystem while creating a network effect. The mining algorithm doesn’t require the use of Proof-of-Work (PoW). Users only need to install the software and keep CELR in their accounts to receive income as a reward for providing liquidity. Related Pages:Read about Binance Coin (BNB) and Polkadot (DOT). Read more about smart contracts. What are ERC-20 tokens? Learn more with CMC Alexandria. Check out product updates, announcements, and crypto news from CoinMarketCap. How Many CELR Are In Circulation?CELR has a maximum supply of 10 billion tokens, which is distributed as follows: 25% - PoLC mining reward and Off-chain ecosystem building; 20% - Team (18.3%) and Advisors (1.7%); 17% - Foundation; 5% - Marketing & Ecosystem; 33% - Sale. CELR is an ERC-20 standard token built upon the Ethereumblockchain. It’s used to manage the network economy - cEconomy and has several uses: Paying commission fees for service and transactions to off-chain providers and covering additional costs.Staking CELR in State Guardian Network (SGN) and acquiring the status of State Guardian. State Guardians have access to status monitoring, respond to disputes, and provide security and network efficiency.CELR tokens maintain a large pool of liquidity in a Proof of Liquidity Commitment (PoLC) process.CELR tokens can be useful in a Liquidity Backing Auction (LiBA) to increase the priority of applications for liquidity support and, as a consequence, increase the payment of interest on liquidity.How Is the Celer Network Secured?The SGN (State Guardian Network) is a decentralized L2 service infrastructure that keeps the Celer L2 platform running smoothly. It securely stores the user state on the Celer State Channel Network and responds to L1 calculations when users are offline. Moreover, the technology allows users to protect their savings before going offline. It also acts as a decentralized block producer level for the Celer Rollup, thus maintaining a high level of viability and providing an additional level of security. Users are required to stake CELR to join the SGN. And CELR holders facilitate the protection of the network as a whole. Where Can You Buy The Celer Network Token (CELR)?The top exchanges for Celer Network (CELR) trading are currently Binance, Gate.io, Bithumb, OKEx, Crypto.com Exchange, WazirX, AscendEX (Bitmax), CoinDCX, MXC.com, Bitay, DigiFinex, BKEX, AEX, BiKi, Hotbit, HitBTC, TOKOK, Uniswap V2, TOCENCAN, DragonEX, ZT. You can find others listed on our crypto exchanges page. In March 2019, the sale of CELR tokens took place on the IEO platform, Binance Launchpad. As of June 2021, the most liquid trade pairs for CELR on Binance are CELR/USDT, CELR/BTC, CELR/BUSD, CELR/BNB. Find out what you need to purchase Bitcoin or other cryptocurrencies here. reference nan |
|
| 5897. |
CEEK meaning in Cryptocurrency ? |
|
Answer» CEEK VR (CEEK) is a cryptocurrency and operates on the Ethereum platform. CEEK VR has a current supply of 1,000,000,000 with 732,545,460.245471 in circulation. The last known price of CEEK VR is 0.12496098 USD and is up 56.80 over the last 24 hours. It is currently trading on 15 active market(s) with $19,667,382.56 traded over the last 24 hours. More information can be found at https://www.ceek.io/. reference nan |
|
| 5898. |
BTCST meaning in Cryptocurrency ? |
|
Answer» BTCST has undergone a 1:10 token redenomination on March 15th 2021 following the STP-4 Proposal. For more information: please refer to https://btcst.medium.com/btcst-to-implement-results-of-stp-4-1-10-redenomination-the-week-of-march-15-872c9ea3d5b7 reference nan |
|
| 5899. |
ARDR meaning in Cryptocurrency ? |
|
Answer» Ardor is a multichain blockchain platform with a parent-child chain architecture. The security of the whole network is provided by the parent Ardor chain while the interoperable child chains have all the functionality. The team believes that this design and access to hybrid user permissioning capabilities are the key to the flexibility necessary for a variety of use cases and opens the door towards the mainstream adoption of blockchain technology. Ardor was created with scalability in mind and solves many existing industry problems such as blockchain bloat, single token dependency, and the need for easily customizable-yet-compatible blockchain solutions. Ardor is based on Nxt technology and claims to offer the first pure proof of stake consensus algorithm. Ardor's first child chain is Ignis. Development of all three tokens (ARDR, IGNIS, NXT) is managed by Jelurida Swiss SA. reference nan |
|
| 5900. |
PAXG meaning in Cryptocurrency ? |
|
Answer» What Is Pax Gold (PAXG)? Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold. The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. According to the official whitepaper, Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity. Who Are the Founders of Pax Gold?Charles Cascarilla is the founder and chief executive officer of both Paxos Standard and Pax Gold. Cascarilla has an extensive career in capital management, which is what led him to explore the vast possibilities cryptocurrencies offer. After acquiring a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005. This was the start of his career in finance and capital management. Since 2005, Mr. Cascarilla has participated in several traditional and blockchain-based venture capital projects. What Makes Pax Gold Unique?With a growing number of ERC-20 tokens available for purchase, Pax Gold stands out because it is backed by an already established commodity. One of the main goals for Pax Gold is to make investing in gold more accessible. The official whitepaper states that “more than USD 3.5 trillion of the total gold available today is used solely for investment purposes;” however, a large portion of it is unavailable to small-time investors. This is where Pax Gold comes into play. Each PAXG token is backed by a fraction of a piece of London Good Delivery gold bar, stored in Brink’s gold vaults, which is the approved storage company by the London Bullion Market Association. Through combining the security and liquidity offered by blockchain-based cryptocurrency, and the established name of gold as a physical commodity, Pax Gold brings a new investment opportunity to traders. PAXG has inspired other cryptocurrency developers to create gold-backed tokens as well. Related Pages:Read more about Perth Mint Gold Token. Find out more about Tether Gold. Learn more about gold-backed cryptocurrencies. Have a look at the CoinMarketCap blog. How Many Pax Gold (PAXG) Coins Are There in Circulation?Pax Gold tokens have a one to one ratio with the gold storage backing it. This means that there is a PAXG coin for each ounce of gold in rotation covered by the Pax Gold protocol. In this sense, the amount of PAXG tokens in circulation changes frequently. At the moment of writing, there are about 60,161 PAXG coins in circulation. However, the number of coins shifts almost by the minute as new investors are introduced, and Pax Gold increases the available gold supply for backing. How Is the Pax Gold Network Secured?In the official whitepaper, Pax Gold CEO Charles Cascarilla explains that the PAXG protocol is created entirely on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. However, PAXG is not exclusively tied to Ethereum and can be launched on other blockchains as well. Proof-of-work protocols represent a classic approach to cryptocurrency mining, Bitcoin being the most prominent example. Ethereum has, however, recently begun its transition to the proof-of-stake (PoS) model, aiming to reduce the resources necessary for token mining, among other things. Where Can You Buy Pax Gold (PAXG)?Pax Gold is an ERC-20 token, which means it can be bought on many established exchanges and can be stored in a wide variety of cryptocurrency wallets. Some of the top recommended exchanges for trading Pax Gold are Binance, BitZ, FTX and Kraken. It is important to note that while Pax Gold is backed by physical gold bars, there still is risk associated with investing and trading PAXG. Find out more here about buying cryptos. reference nan |
|