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Cryptocurrencies/Coins/Basic Attention Token (BAT)
Basic Attention Token price, market cap on Coin360 heatmap

Basic Attention Token(BAT)

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$0.457032
(7.22%)
0.00001859 BTC
Market Cap (Rank#75)
$684,075,581
27,820 BTC
Vol 24h
$24,179,570
983.345 BTC
Circulating Supply
1,496,776,945.42
Max Supply
1,500,000,000
2h agocointelegraph
Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
3h agocointelegraph
OpenSea introduces new stolen item policy to combat NFT theft
A Twitter user claimed that they purchased a stolen NFT and OpenSea support advised them to sell it on another marketplace.
22h agocryptosrus
Voyager Digital reportedly had deep ties with SBF-owned Alameda Research
Covered: Voyager Digital And Alameda Voyager Digital And Alameda Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s (3AC) insolvency is currently fighting its bankruptcy court battle. The court proceedings and financial documents have shown a deep relation between the crypto lending firm and Sam […] The post Voyager Digital reportedly had deep ties with SBF-owned Alameda Research appeared first on CryptosRus.
23h agocryptodaily
Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once the presale has concluded, the TAMA token will be listed on LBank exchange. Unlike most so-called memecoins, Tamadoge has been designed to have real utility. It serves as the native currency of a games platform populated by virtual Tamadoge pets. Owners can mint, breed, and battle Tamadoges to level up. A mobile “battle” beta version of the app is scheduled for release in Q4 2022. Tamadoge ultimately aims to raise $10 million to build out its play-to-earn GameFi ecosystem, with $2 million coming from the ongoing beta sale in which 1 TAMA can be bought for 0.01 USDT. ETH and fiat currency are also accepted for the beta sale. From September, the token price will rise by 25% as the second phase of the public sale commences. The current beta sale is effectively an open private sale, sometimes referred to as a “fair sale” because ordinary investors can take part with a minimum purchase of just $10 and no maximum. Half of the total supply of 2 billion TAMA tokens is available for purchase in the presale. Adding to Tamadoge’s fairness credentials, there is no vesting period for presale buyers and there is no private sale. Tamadoge utilizes NFTs, each of which represents a virtual pet. Owners are tasked with nurturing their pets from birth to adulthood. As the Tamadoge grows, it develops greater strength and skills and as it moves up the leaderboard it can participate in battles with other pets. In the Tamadoge Store players can buy food, clothing, and cosmetic items for their pets. The more they look after their pet the more Dogepoint rewards they’ll earn. Because of the use of NFTs, in-game assets are easily tradable as uniquely valued assets. Transaction fees from store sales go towards funding the Dogepoint rewards system. In addition, TAMA is deflationary which supports token price and the rewards pool is not dependent on speculation. Tamadoge has been designed to make Play-to-Earn fun, having drawn lessons from the mistakes of early P2E games. Many of these were criticized for tedious and skill-less gameplay, which made earning rewards arduous and boring. Early next year Tamadoge will be looking to explore partnerships with existing metaverse platforms with a view to onboarding its virtual reality vision. It is envisaged that each pet will have a 3D avatar version that can be plugged into virtual worlds on a variety of existing platforms. Tamadoge believes that interoperability and extensibility are essential for metaverse success and the team is therefore developing an ecosystem that is platform-agnostic. TAMA buyers can connect their wallet at https://bitesly.io/box_5a66b923931a8851e48a252348c79bc5 to participate in the beta sale. The TamaDoge contract address is: 0x12b6893cE26Ea6341919FE289212ef77e51688c8 For more information, visit: Website: Tamadoge.io/ Whitepaper: Whitepaper Social Channels: https://t.co/bAE0la22Rx Security audited: https://tamadoge.io/wp-content/uploads/2022/07/SolidProof-TamaDoge.pdf Not for general publication, press only – for more information contact Gary McFarlane at 07472 703 288 ContactsHead of [email protected]
1 day agocryptodaily
GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM
Jackson, USA, 9th August, 2022, ChainwireAnnounce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More Gala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman, and executive produced by Dwayne Johnson, Dany Garcia, and Hiram Garcia on behalf of Seven Bucks Productions, as well as Nick Schuyler. Upcoming projects/partnerships A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for the Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) ‘Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership, and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative license through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company of Gala Games, Gala Music, and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative license back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information visit: https://gala.com ContactsMaggie [email protected]
1 day agocointelegraph
Alchemy and Infura block access to Tornado Cash as Vitalik Buterin weighs in on debate
U.S. persons and entities must comply with the Treasury's sanctions or face possible criminal consequences.
1 day agocryptodaily
The Ultimate Guide To Zompot (ZPOT)
There is a new cryptocurrency in town that has been piquing people’s interest, Zompot (ZPOT) is all the rave, but what exactly is this token all about? What is Zompot (ZPOT)? The Zompot (ZPOT) project is built on the Binance Smart Chain infrastructure. It was created to provide its users with opportunities that are secure and multi-optional. Zompot (ZPOT) being built on the BNB smart chain gives it the advantage of a stable and reliable network with cheaper transaction fees. This is a project based on the use of sound strategy and planning with adequate preparation. When using Zompot, you can be certain that your investments are protected from inflation while being on a well-secured platform that also provides fast, secure and flexible transactions. Zompot (ZPOT) will protect its users from the shortcomings that are common in traditional financing. Not only is it good for the blockchain industry, but it was also created to be compatible with the Metaverse. The Zompot (ZPOT) Project also aims to assist businesses in countries that are dealing with the negative effects of some factors in the blockchain world. What Can You Expect From The Zompot (ZPOT) Ecosystem? There are a few things you can expect from the Zompot (ZPOT) ecosystem, one of which is; Security: The cryptocurrency space has experienced the loss of a large sum of money between the time span of 2018-2022, and these are just the incidents that are accounted for. The primary reason for these incidents was the result of hackers that were able to find a way to bypass the safety systems that otherwise surround the blockchain world, but with Zompot, security will be one of the main focuses of the network so the users can safely assume that their assets are being protected. Privacy: The blockchain technology can sometimes be vulnerable to a breach of privacy, with transactional details being leaked because of how visible it is to the public, this leads to user information and data being mishandled or misused but with Zompot, that is something that will be paid extra attention to, so the users of Zombot are apparently safeguarded. What Is The Main Purpose of Zompot (ZPOT)? It is no news that crypto is often a victim of volatility due to its original design and the way the cryptocurrency market operates. This can trigger multiple effects that affect the market, inflation is one of the most common and dangerous one. Zompot (ZPOT), however was created with the use of blockchain technology to combat the challenges that are currently being faced. It was built with the lofty intent of beginning a new world era in both currency and fiat. Zompot's (ZPOT) main goal is to solve the issue of security and privacy in the blockchain industry by providing users with a transparent version of all their transactions. Zompot has claimed that it has found a way to create a secure world for people involved in the blockchain industry and while it is a very promising token, it is still important to do your due research about it should you have any interest in purchasing it. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Invisible College and Nas Academy Leverage NFTs As An Admission Pass To Web3 Courses
Non-fungible tokens can provide tremendous utility to those owning these assets. Nas Academy and Invisible College take this concept further into the mainstream. Its new set of courses can be unlocked with an NFT collection, providing access to over $2,000 in educational material. Accessing Courses With An NFT Collection Enrollment in courses and educational content has become normal, even if technical issues may arise from time to time. Sometimes, users and students might not be able to access the content due to login issues, the system not deeming one eligible for access, etc. Those concerns can be circumvented by tokenizing access to courses through non-fungible tokens. More specifically, Nas Academy, the creator tech platform, will conduct an interesting test on that front. With the help of Invisible College, the team will let Decentraliens NFT collection holders access over $2,000 worth of course material. The educational tools will span various topics, including NFT investing, video editing, and crypto fundamentals. It is another solid example of how NFTs can unlock utility and offer quality of life improvements. Nas Academy CEO Nuseir Yassin explains: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Such a hands-on experience with web3 technology will put non-fungible tokens at the center of attention. Although the idea of using NFTs as a standard for content ownership and accessibility isn't new, it has yet to be implemented on a large scale. Invisible College members with a Decentralien NFT will explore this new frontier spanning nearly two dozen web3 and creator courses accessible through Nas Academy. Web3 And Education Make A Powerful Combo As the hype and enthusiasm surrounding web3 continue to reach peak levels, it is an excellent time to focus on the educational side of the spectrum. An exciting technology stack is always interesting, but ample use cases must exist. The partnership between Invisible College and Nas Academy confirms those use cases will come to market. Invisible College Co-founder Nick deWilde adds: “Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality." Both parties will deepen their collaboration by onboarding leading web3 instructors to create additional educational content for the platform. Ultimately, Invisible College wants to position itself as the biggest web3 learning library on the world wide web, across both the web2 and web3 iterations. Using NFTs as an "admission pass" for education is a very exciting frontier and the opportunities are virtually limitless. 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
2 days agocryptodaily
Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Dubai, UAE, 9th August, 2022, ChainwireEverdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The announcement comes during a period of heightened activity for Everdome, particularly in terms of its product roll-out and the company’s auction of metaverse land plots. Since June 2022, a total of 11,700 plots (97%) located throughout the Everdome metaverse were sold throughout an eight-week auction experience. In total, plots were purchased for upwards of US$18.6 million, which is equivalent to 1,531,000,000 $DOME, Everdome's own digital currency. The average price of a plot of land in Everdome was 130,000 $DOME. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200% of its average daily volume, in Tokens across multiple exchanges to GEM Digital. According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome's offering and ensure future sustainability in the business. "We're thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we're on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM's investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level." GEM's investment will be focused on team growth and metaverse technological expansion and will see the game's virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome's sustainable growth. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City. The metaverse platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art, photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. Built on Unreal Engine 5, Everdome will deliver a real-world-extended experience- pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries. To learn more about Everdome, visit everdome.io. About Everdome Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly -ultimately creating the most realistic web3 experience. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.ContactsHead of PRYousef BatterWhite Label [email protected]+971559356531
2 days agocryptodaily
Is crypto the answer to the long standing Universal Basic Income (UIB) conundrum?
From the outside looking in, universal basic income (UBI) can be viewed as a socio-political fiscal transfer policy that seeks to provide individuals — living in a certain region — with seamless access to a legally stipulated stipend without any caveats involved. Such a scheme is applicable on multiple levels, i.e. nationally, regionally, or locally with the idea having garnered a lot of interest from governments across the globe. However, despite this growing interest there have been no countries that have actually been successful in implementing a UBI model for a considerable length of time, even though some governments have launched similar-themed programs in order to provide for the neediest sections of their respective societies. For example, back in 2011, the middle-east nation of Iran rolled out an unconditional cash transfer scheme — worth approximately $45 — for its population in an effort to phase-out subsidies on bread, water, electricity, heating, and fuel. The amount was about 29% percent of the nation’s median household income on average. However, the program had to be dialed back as some Iranians came to believe that it was disincentivizing people to work. The largest and longest lasting UBI experiment in the world is currently taking place in Kenya, where a charitable organization called GiveDirectly has been doling out monetary handouts to a little over 20,000 people, spread out across 245 rural villages, since 2016. That said, one of the key criticisms of UBI has been that it often gives too much money to families that don't really need the assistance while providing little help to those people who really do. Crypto, DeFi and UBI — The larger picture There’s no denying the fact that the cryptocurrency industry — the decentralized finance (DeFi) market, in particular — has been able to accrue a lot of wealth for its early adopters, with many of these individuals now looking to give back to the underprivileged. Infact, just recently many seasoned industry personnel such as Ryan Selkis, Dan Matuszewski, Haseeb Quresh, amongst others promised to donate 1% of their wealth to charities through a project called The Giving Block. In this regard, the idea underlying a crypto-generated UBI scheme too has garnered a lot of attention recently. For example, GoodDollar is an initiative that uses yield farming to dole out digital asset-hinged stablecoins for free so as to promote financial inclusion on a global scale. To elaborate, the project creates and issues a stablecoin ($G) which can then be distributed daily to its users in the form of a universal basic income (UBI). To date, the GoodDollar has helped distribute a total of $223,673.27 as free income to its backers. The model is propagated by network participants who continue to deposit assets onto the platform and subsequently yield farm them using decentralized finance (DeFi) protocols including Compound or Aave. A majority of the accrued interest is returned to its supporters while the rest is used as collateral for new $G tokens which are then distributed on a daily basis. It is worth mentioning that late last year popular digital asset investment platform eToro announced that it was going to be committing $1 million to the protocol, thereby supporting the nonprofit’s effort to help close the wealth parity that exists across the globe using DeFi and smart contract technology. Other similar initiatives include Global Income Coin, a crypto non-profit that delivers a universal basic income of $1 a day to any person in need situated in any part of the planet. The initiative was recently able to raise $2M worth of funding from Sid Sijbrandij, the co-founder and CEO of GitLab Inc. Lastly, since the start of the year, ex-Twitter CEO Jack Dorsey has been talking about the possibility of a Bitcoin powered UBI platform that can help combat global poverty. UBI on the horizon thanks to crypto tech? As crypto-enabled technologies continue to gain an increasing amount of mainstream traction, it stands to reason that their use will continue to expand into realms previously thought to be unimaginable (such as various basic income schemes). In this regard, as more and more corporations from the realm of traditional finance start to become more conscious, they can donate small sums of money to protocols such as GoodDollar and Global Income Coin to help those in need using blockchain technology. Thus, it will be interesting to see how the future of this financial niche plays out from here on end. 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
2 days agocryptodaily
WIN NFT HERO to Bring Engaging Gaming Experience with New Features and Rewards
Singapore, Singapore, 9th August, 2022, ChainwireWIN NFT HERO strives to bring an exceptional play-to-earn (P2E) gaming experience to users in the GameFi space with new features and rewards. P2E has been the latest trend in GameFi since last year. However, during recent months, GameFi appeared to have taken a dip in the polls due to most blockchain games putting too much emphasis on “earning.” Because earnings aren’t guaranteed, it began to deter players from an all-around good gaming experience. Yet, since GameFi is still generally considered the entry into the metaverse, investor confidence in the industry hasn’t deteriorated too much over short-term market swings. As GameFi is embracing a new stage of development, TRON's blockchain game WIN NFT HERO looks set to take the lead and bring a next-level P2E gaming experience. Built on the TRON blockchain, WIN NFT HERO is a "GameFi+NFT" turn-based strategy game where users fully own their in-game NFT assets, such as heroes and equipment. Allowing players to win various in-game assets for free and trade them in the official marketplace, the game is dedicated to building a "free-to-play" TRON metaverse. The hero NFTs consist of five elements: quality, attribute, class, skill, and bond. Although each hero has their position, both short-range tanks and long-range attackers are indispensable in winning combats. Moreover, heroes of the same class or gene form bonds, which substantially boosts the squad's performance in combat. To perform better in combat, players must create strategic plans in advance: select different heroes, arrange their positions, choose the appropriate equipment, and build bonds. As for the gameplay, WIN NFT HERO now offers four modes: Adventure, ALLSTAR, Dungeon, and Mission. Exciting rewards are available in each mode, allowing users to enjoy P2E fun in explorations and combats. Moreover, as the metaverse is continuously being perfected, WIN NFT HERO will introduce more game modes to meet users' demands. WIN NFT HERO is currently embarking on a new round of closed testing alongside testing events offering generous rewards. As the game progresses to a new milestone, more rewards for early birds will be released. Stay tuned for more details in the coming weeks. About WIN NFT HERO WIN NFT HERO is a “GameFi + NFT” 3D cartoon-style turn-based strategy game launching soon. WIN NFT HERO is designed to allow the exchange of various heroes and equipment on the market to acquire strong spells and skills, which players can then use to win battle rewards. WIN NFT HERO | Twitter | Telegram | Discord ContactsBilly [email protected]
2 days agocoindesk
BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act
A New York federal court previously sentenced the Mexico-based firm’s co-founders to  probation time and fines for federal compliance failures.
2 days agocryptodaily
Embattled Crypto Exchange Zipmex Set To Release Bitcoin and Ethereum for Customers
Cryptocurrency exchange Zipmex will soon release Bitcoin and Ethereum tokens this week, allowing customers to retrieve their assets after it suspended withdrawals from its Z Wallet product. The move will allow 60% of its customers to retrieve their digital assets. The Singapore-based crypto exchange, which also operates in Australia, Thailand, and Indonesia, halted customer withdrawals from its Z Wallet in July amid the market turmoil citing “volatile market conditions” as reasons for doing so. It has been reported that Zipmex is facing a loss of $100 million in funds lent to crypto lender Babel Finance. Babel froze withdrawals in mid-June as volatile conditions in the crypto market led to a flurry of defaults relating to overleveraged firms such as Three Arrows Capital and Celsius Network. The company said in a Tweet that Ethereum will be released on Thursday, 11 August, and Bitcoin on August 16: Zipmex is planning to release a specific amount of ETH and BTC on 11 and 16 August respectively. We’re working hard to release the balance of Z Wallet holdings ASAP. Last week, Zipmex released Cardano (ADA), Ripple (XRP), and Solana (SOL) tokens to users’ wallets. The process started on Tuesday, August 2 with SOL, followed by XRP on Thursday, and finally ADA on Sunday. Zipmex is just one of the several cryptocurrency firms hit by the $2 trillion meltdown in the market that forced many players to halt withdrawals and some to file for bankruptcy. The firm did however announce late last month that it was in talks with investors for potential funding. Shortly after Zipmex suspended its withdrawals, the Thai Securities and Exchange Commission (SEC) launched a hotline for Zipmex customers to submit details on their losses. The SEC also launched an investigation into the exchanges, claiming the company may have violated trading rules by suspending withdrawals. It said that the firms cited inadequate reasons for such actions as “market fluctuations.” 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.
4 days agocryptodaily
DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap
Singapore, Singapore, 7th August, 2022, ChainwireDeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-20 format of its native DFI token pairs on Uniswap. The proposal put forth by DeFiChain’s Lead Researcher received more than 96% votes in favor. DeFiChain has allocated one million DFI tokens from the Community Fund to incentivize liquidity mining for the DFI-ETH, DFI-USDT, and the new DFI-USDC pairs on Uniswap. The Community Fund receives a small percentage of the block rewards and has accumulated over 27,092,291 DFI tokens, which are available to anyone interested in developing on the DeFiChain blockchain. However, funds are only released if more than 51% of the nodes agree to the proposal. Masternodes are eligible to sign a message to either agree or deny a proposal. With leading exchanges like Bybit and KuCoin now supporting DFI in ERC-20, the DeFiChain community voted to increase the token’s utility in the ERC-20 format. The incentives are aimed at increasing the trading volume of the ERC-20 format of DFI, and boosting the visibility and awareness of DFI in the wider DeFi ecosystem. The increased trading volume should also encourage more adoption of DFI by other exchanges and services. Santiago Sabater, the CEO of DeFiChain Accelerator said, “With the new liquidity pools and the various upcoming projects to increase the utility of DFI on ERC-20, DeFiChain’s adoption is growing massively. DeFiChain is opening the gates to offer its decentralized assets such as decentralized stocks, commodities and ETFs to the whole DeFi community on the Ethereum blockchain. This will result in massive capital inflows, pleasuring DeFiChain’s investors while creating new use cases for Ethereum users.” The liquidity mining rewards will be distributed in the following manner: DFI-ETH pair at 0.5 DFI per Ethereum block DFI-USDT pair at 0.25 DFI per Ethereum block DFI-USDC pair at 0.25 DFI per Ethereum block In total, one DFI token will be distributed per Ethereum block. Just like DFI emission rate on DeFiChain mainnet, block reward is scheduled to reduce by 4% every 7 days (in blocks) starting 9AM UTC on August 22. Before that, rewards will only be distributed at a constant rate of 1% of the above rates. It is estimated to allow the reward to sustain well over a year. A smart contract will be published on Ethereum mainnet that allows the rewards to be paid out in accordance to the schedule. Upon publishing of the smart contract, DFI will be placed in the smart contract in tranches, for safety reasons. An accompanying decentralized app will be launched for liquidity providers to take part in the liquidity mining program. About DeFiChain DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem. ContactsBenjamin [email protected]
5 days agocryptodaily
Get Entries On These Crypto Before Extreme Positive Price Action Happens: Gnox (GNOX), Kava (KAVA), And Gnosis (GNO)
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About Basic Attention Token

The live price of Basic Attention Token (BAT) today is 0.457032 USD, and with the current circulating supply of Basic Attention Token at 1,496,776,945.42 BAT, its market capitalization stands at 684,075,581 USD. In the last 24 hours BAT price has moved 0.03039 USD or 0.07% while 28,954,720 USD worth of BAT has been traded on various exchanges. The current valuation of BAT puts it at #75 in cryptocurrency rankings based on market capitalization.

Learn more about the Basic Attention Token blockchain network and how it works or follow the price of its native cryptocurrency BAT and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in May 2017 by Brave Software, Basic Attention Token (BAT) is a new-age blockchain-based digital advertising platform that rewards its users for their attention while giving advertisers higher returns on their ad expenditure. It aims to democratize the attention economy, by giving users the choice of viewing ads, including which ones, and then rewarding them. 

The project is the brainchild of Brendan Eich and Brian Bondy, two well-known individuals in the web browser development industry. Brendan Eich is the inventor of JavaScript and the founder of Mozilla. 

The platform is bridged across Solana and Ethereum and delivers utility to the ecosystems of both these blockchains. It works hand-in-hand with the Brave browser which was created to solve problems plaguing the digital advertising industry, by eliminating middlemen, providing higher user privacy and distributing economic value equally amongst everyone involved. It is powered by its native ERC-20 and SPL token called BAT, which functions as the Brave browser's rewarding mechanism, and is exchanged between its end-users, publishers, content creators and advertisers. BAT was launched through a record ICO (Initial Coin Offering) in 2017, that generated over $35 million within 30 seconds.

BAT has witnessed stunning results ever since its integration into Brave. As of writing, almost 60 million monthly active users, 18+ million daily active users and 1.5 million active creators accept BAT. There are more than 10 million BAT wallets in existence. Furthermore, thousands of ad campaigns have been already run by leading brands like Verizon, eToro, Crypto.com, Nexo and Ashley Homestore, using BAT. 

BAT price

BAT price stayed under $0.5 from the time of its launch in May 2017 till the end of that year. However, it started gaining some momentum in early 2018 on the back of multiple developments including a beta launch on Brave and expansion to YouTube in Oct and Nov 2017 respectively. It came close to $1 for the first time on Jan 9, 2018. However, it soon retraced to under $0.5 within a month and stayed within that range for almost 3 years. 

BAT coin’s next noteworthy push came in Feb 2021, when the broader crypto market was gearing up for that year’s first major bull run. BAT price broke out of $0.5 resistance once again, after a long time on Feb 11, 2021, rallying to a high of $1.6 on April 9, 2021. This happened sometime after Grayscale Investments announced the launch of Basic Attention Token Trust in mid-March 2021. 

However, BAT coin reserved its all-time high (ATH) for 2021’s second crypto rally, in November that year, when it broke past multiple resistance levels to record an ATH of $1.92 on Nov. 28, 2021. The credit for this also goes in part to the announcement of Brave Wallet on Nov. 16, 2021. BAT price has, however, lost a fair bit of ground since then, and receded below $0.3 in Q2, 2022, amid broader bearish market conditions.

How BAT works

Basic Attention Token works as a blockchain-based advertising platform that uses the native BAT token as a means of payment and rewards. Advertisers buy ad space from the BAT ads network and pay directly in BAT tokens, or after buying them with fiat. The ad campaigns can be run through a self-serve platform or via a managed account. Content creators and publishers receive BAT tokens as tips (from users) and/or ad revenue. The end-users on other hand earn BAT tokens by opting to view Brave Ads.

The privacy-focused Brave browser employs an on-device, local machine-learning algorithm to serve appropriate ads to users, based on their interests. These ads, which are fetched from a pool of verified advertisers, are served either on the publishers’ web pages or via system notifications. 70% of the total ad revenue is allocated as a reward for users’ attention. As BAT can exist both as an ERC-20 and SPL token, it inherits the security features of Ethereum and Solana blockchains, respectively.

While you can trade BAT on various established crypto exchanges, its main purpose is to serve as the utility token of the BAT platform.

BAT news, updates and highlights

In important BAT news, Brave integrated with the Solana blockchain in early November 2021, giving the platform’s users access to a wide range of decentralized applications running atop Solana blockchain. As a part of the collaboration, Solana committed to promoting BAT adoption amongst its userbase.

Basic Attention Token witnessed another significant development, when on Nov. 16, 2021, Brave announced the launch of Brave Wallet, a browser-native cryptocurrency wallet that could be used from within the Brave web browser, without the need of any extension.

Frequently asked questions about BAT

  • Can I stake or mine BAT tokens?

No BAT tokens are non-minable as all of them were minted at the time of its ICO (Initial Coin Offering).

  • Which are the most popular BAT wallets?

Brave Wallet, the native wallet of the Brave web browser, is considered the most popular BAT wallet, as of now. However, you can store your purchased BAT coins in other crypto wallets like MetaMask, Trust Wallet, Ledger and Trezor Wallet too.

  • What can you do with BAT cryptocurrency?

While BAT is primarily a utility token meant to be used within the BAT ecosystem, a lot of people also use it for trading purposes on established crypto exchanges.

  • How can you buy or earn BAT tokens?

You can earn BAT tokens by becoming a user or publisher in the BAT ecosystem. Other than that, it’s also possible to buy BAT from crypto exchanges using fiat currencies, or crypto coins like BTC, ETH, USDT, XRP etc.

Basic Attention Token Price0.457032 USD
Market Rank#75
Market Cap684,075,581 USD
24h Volume24,179,570 USD
Circulating Supply1,496,776,945.42 BAT
Max Supply1,500,000,000 BAT
Yesterday's Market Cap694,469,400 USD
Yesterday's Open / Close0.433587 USD / 0.463977 USD
Yesterday's High / Low0.464313 USD / 0.415726 USD
Yesterday's Change
0.07% ( 0.03039 USD )
Yesterday's Volume28,954,720 USD
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