Axiom(AXIOM)

The funding will go towards further developing the protocol and adding new hires. Axiom allows smart contract developers to access historical data from Ethereum and then perform intensive computations off-chain.

The startup is working to build ZK technology that can be used en masse for AI applications.

The Federal Reserve did not raise rates for the first time since the inflation-inspired start of its rapid interest rate expansion. However, crypto continues its downward slide. Fed intervention A Fed pivot is on the horizon even though it may not start to actually reduce interest rates until next year. This was certainly coming given that the current mad series of interest rate hikes is forcing the economy into recession. Never before has the Fed tightened as quickly and as harshly as this following Biden and Yellen’s claims back in July of 2021 that inflation was only “temporary”. History tells us that our boom and bust cycles are caused by government and central bank manipulation of credit, and that government intervention in the markets is always a bad thing and could probably be said to be axiomatic. Attempted eradication of crypto In such a chaotic world where the dollar and all other fiat currencies are being debased like crazy, it appears that the last thing the US government needs is the slightest hint of competition to its currency. It could be argued that the government sees this competition coming on two fronts. It is now understanding the full import of cryptocurrencies - which might be classified as a type of private money. After huge successes for some cryptocurrencies, admittedly mostly driven by hype and speculation, the US government has probably decided to try and eradicate them through the auspices of its enforcement agencies (SEC and CFTC). A systemic attack on the crypto ecosystem is now taking place and lacking liquidity and with many crypto investors fleeing the sector the market is bleeding out. Bitcoin unassailable? However, there is one cryptocurrency that even the US government would have the devil of a job in taking down, and that is bitcoin. Bitcoin is the most decentralised and secure private money that exists in the world today, and given that it runs purely on code there is nothing any government or agency can do to stop it. Be that as it may, the rest of the market is obviously having an effect on bitcoin as large crypto businesses run into difficulties with sizable chunks of bitcoin on their books, and Mt Gox and the US government are selling their bitcoin into the market. Once this selling pressure is gone though it might be expected that bitcoin would begin a dramatic rise as investors rush out of a worsening dollar, to say nothing of the rest of the fiat currencies. BRICS currency on the horizon The other front where the US can expect huge competition is from the BRICS nations. In August, at a Summit in South Africa, these nations are expected to announce a new currency which could be backed by gold and/or other commodities, or could even become a rival reserve currency to the dollar by having its own deep and liquid bond market, with the bonds bought by citizens in 20 or so countries that are in or on the point of joining the BRICS nations. So whether it be Bitcoin or the BRICS nations, the dollar is likely to undergo the most profound and serious rivalry since it came into existence. With the unpayable debts owed by the US government and nothing but thin air and promises backing the currency, a new world order may be on the way. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

We've all come across captivating tales of traders who struck it rich in the world of cryptocurrencies. These stories, where a fortunate individual invested a mere $100 and reaped a staggering $100,000 in a single day, never fail to captivate readers. They simultaneously allure and intimidate us because we are well aware of the timeless axiom: high returns always come hand in hand with high risks. Nevertheless, have you ever wondered how to learn crypto trading in the least risky manner? Cosmic FOMO, a product inside the MarsDAO ecosystem masterminded and launched by Vlad Utushkin, is an app that teaches cryptocurrency trading and is focused on beginners who make their first steps in the crypto world. Cosmic FOMO imparts crypto trading skills through an engaging gaming experience, allowing users to earn without risking their actual assets. With Cosmic FOMO, users can take their initial strides into the realm of secure cryptocurrency management, comprehending the intricacies of trading and mastering the mechanics of the cryptocurrency market, all in a delightful game format. The primary focus of Cosmic FOMO lies in empowering gamers to make informed choices and accurate predictions. It's like a cryptocurrency trading course but fun and engaging. The team behind this project released 20+ successful out-of-the-box products. This time their mission is proclaimed to be the simplification of the transition into the world of digital assets, drawing mass adoption ever closer. How to start a Cosmic FOMO journey Gameplay unfolds in the following manner: users must select a playable character known as a pilot, which exists as a non-fungible token (NFT) within the BNB Smart Chain. These pilots require backpacks to be filled with cryptocurrencies (currently offering 15 available assets) that players believe will appreciate in value within the next 60 minutes. Once prepared, the pilot embarks on a thrilling space race. It is crucial to note that the app provides a simulation of asset acquisition, eliminating the need for users to purchase any actual assets. Each flight lasts between 10 minutes to an hour, during which the quotes of the selected assets may fluctuate. Ultimately, the income received hinges upon these fluctuations. All asset quotes are streamed directly from Binance, ensuring real-time accuracy. If players wish to secure their profits mid-flight, they have the option to terminate the race prematurely. The greater the growth of the selected assets, the higher the profits received. Those players whose predictions prove right win COSMIC, in-game tokens that can be used to upgrade pilot's stats. This unique approach enables users to learn the art of trading, comprehend the workings of the cryptocurrency market, and safeguard their tangible assets. Energy replenishment occurs every six hours. For users with a single pilot, one flight per day is available, equating to 2 units of fuel. Owning a second pilot grants access to 3 units of fuel, with each subsequent pilot providing an additional unit. Accounts can accommodate a maximum of 50 pilots, but only a maximum of 17 fuels can be obtained. The main feature of Cosmic FOMO is that there are no losers in this game. Even if a gamer lacks in-depth knowledge of cryptocurrencies or is unfamiliar with fundamental indicators that indicate future growth or decline, and even if their predictions turn out to be incorrect, they still receive in-game tokens regardless of the outcome of their gaming session. The only difference is that their reward will be comparatively smaller compared to more experienced players. This unique feature serves as one of Cosmic FOMO's primary advantages. The game was primarily designed for individuals embarking on their cryptocurrency journey. The project team aimed to create gameplay that is not only non-intimidating but also an exciting exploration into the world of cryptocurrencies, allowing future crypto owners to familiarize themselves with digital assets in a playful manner. Cosmic FOMO caters to all individuals, irrespective of their knowledge or skill level. Pilot Minting Bonus The game mechanics also feature the ability to independently mint pilots. In order to mint a new pilot, users need to cross two pilots that have attained a specific level known as a mint point. Each pilot can partake in minting up to 3 times, achievable at levels #11, #21, and #25. It is noteworthy that minting can transpire between pilots of varying classes and rarity levels. However, the likelihood of acquiring a rare or legendary pilot is contingent on these particular characteristics. For instance, crossing two common pilots will solely yield a common or uncommon pilot, while crossing a common pilot with a rare pilot offers a 40% chance of obtaining a rare pilot. NFTs produced via this method can be sold on the secondary market. Depending on the level and class of the newly minted pilot, owners have the potential to earn hundreds or even thousands of dollars through a single transaction. To engage in minting, players must possess COSMIC and MDAO tokens. Thus, Cosmic FOMO offers a multitude of benefits that contribute to its popularity, including a balanced gameplay experience, a user-friendly interface that captivates the eye, and the incorporation of five deflationary tools that positively impact the game's equilibrium. Moreover, the game boasts straightforward mechanics that ensure accessibility for players of all backgrounds and skill levels. Embrace Cosmic FOMO today, embark on an exhilarating crypto trading journey, and unlock the gateway to vast financial opportunities. This immersive game experience presents an unmatched avenue to acquire knowledge, refine trading skills, and potentially prosper in the exciting world of cryptocurrencies. Don't miss your chance to become the next trading prodigy! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.