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Cryptocurrencies/Coins/COMSA [XEM] (CMS)
COMSA [XEM] price, market cap on Coin360 heatmap

COMSA [XEM](CMS)

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? SAT
Market Cap (Rank#231)
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? BTC
Vol 24h
?
? BTC
Circulating Supply
219,042,298
Max Supply
?
2 days agonulltx
Top 5 CMS Holdings Portfolio Tokens Below $35M Market Cap to Watch in October 2022
CMS Holdings functions primarily as an investment firm mainly focused on crypto-assets. CMS Holdings Portfolio Tokens have a total market capitalization of $554,489,558,289 and a total trading volume of $33,879,664,051.  Note: This Tokens are ordered by market capitalization from lowest to highest. Convergence (CONV) Unit Price: $0.0008034 Market Cap: $1,336,756 Distinct Features: In addition to […] The post Top 5 CMS Holdings Portfolio Tokens Below $35M Market Cap to Watch in October 2022 appeared first on NullTX.
21 day agocryptodaily
Infinity Exchange Raises $4.2M Seed To Accelerate Institutional DeFi & Create The Next Trillion-Dollar Market
London, England, 15th September, 2022, ChainwireInfinity Exchange, a decentralized finance protocol that provides institutional grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi. The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared, and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets, eventually forming the first complete financial markets protocol in DeFi. Founded by ex-Morgan Stanley Head of Structuring, Kevin Lepsoe, Infinity Exchange, with its litepaper, is the foundational interest rates and risk management protocol enabling institutional investor participation in DeFi. Developed on Ethereum, Infinity’s hybrid protocol incorporates well-established mechanics from traditional financial markets and is capable of handling the trading of trillions of dollars of assets that will be tokenized in the new, institutionalized world of DeFi (“DeFi 2.0”). “Crypto interest rates or Lending Protocols have been built in isolation, and on economically weak foundations that do not align with the core tenets of traditional finance. To gain institutional adoption, we need to completely rebuild these foundations, change the narrative, and show market participants through our protocol that Lending, Interest Rates, and Credit Risk Management must work in concert for a robust crypto financial system to flourish, ” said Lepsoe. Critical Infrastructure for DeFi 2.0 Infinity Exchange debuts market-driven floating interest rates used for both lending and borrowing, to form the crypto industry’s benchmark interest rates. Coupled with fixed interest rates, Infinity pioneers the first full crypto yield curve where liquidity can flow evenly across all maturities and investors holding Complex Tokens have easy access to financing. Fixed Income Markets Key for DeFi Traditional fixed income markets are substantially larger than their equity counterparts, yet in crypto markets, it’s the reverse with spot or token swapping markets being 100 times greater than lending counterparts. This highlights the nascency and inefficiency of lending protocols in today’s DeFi (“DeFi 1.0”) and market recognition that DeFi 1.0 has failed to fully properly price, deliver, and integrate the time-value of money for investors. “The majority of lending protocols that exist today are designed to bypass limitations in network architecture and virtual machine constraints, but not true deficits in capital markets. Utilization-based lending is likely going to become antiquated quickly, owing to the disparity between the true on-chain and off-chain cost of capital,” said C-Squared, in a statement. Pioneering Interest Rate Arbitrage Infinity Exchange enables borrowing and lending supported by a comprehensive risk management system running market-derived risk-measures and protocol-based analytics including value-at-risk. Beyond major cryptocurrencies, Infinity provides financing against “Complex Tokens”, including Aave’s aTokens, Compound’s cTokens, Uniswap V3 LP Tokens, and Curve LP Tokens. Infinity Exchange has pioneered the ability for investors to deposit Complex Tokens, borrow against them, and iterate the process facilitating large-scale interest rate arbitrage in DeFi for the first time. “Building out a complete yield curve with both floating and fixed rates will unlock new use cases and pockets of liquidity for the crypto markets. Infinity’s success should effectively lower volatility and add stability to the larger DeFi ecosystem. We believe Infinity has the right team to execute on this mission and look forward to supporting them as they progress,” said CMS Holdings in a statement. Infinity Exchange launched its testnet in September 2022 and is currently in pilot with select institutional investors. They are also looking to provide a smart contract interface to their credit risk management system so that other protocols may offer much greater capital efficiency to their end users - a smart-contract-enabled risk-management as a service feature or Risk Management Protocol. “A crypto yield curve will allow for a more robust suite of products around stablecoins, ultimately helping lower crypto volatility and helping pave a way for more traditional institutional investors. While most protocols offer either a fixed rate or floating rate product, Infinity Exchange tackles fixed rates, floating rates, and collateral/risk management to build a fully integrated yield curve solution. Utilizing past experiences as both a second time entrepreneur and as an ex-head of Structuring at Morgan Stanley, in Kevin we saw a founder aptly suited to build a DeFi market that institutions can embrace,” said Vir Anand, Investor at SIG DT Investments, in a statement. About Infinity Exchange Infinity Exchange is a hybrid interest rate protocol on Ethereum that's building the foundation for the next generation of DeFi. Developed by veteran traders, quants, and financial engineers, Infinity marries theoretical finance with distributed ledger technology and enterprise-grade risk management to enable broad institutional investor adoption. ContactsInfinity [email protected]
51 day agocryptodaily
Web 3 Payment Solution, PIP Launches Support For Binance Users
Web 3 payment solution, PIP launches its services in the Binance ecosystem. It will support Binance Coin (BNB) and Binance USD (BUSD) stablecoin. PIP, a Web 3 payment solution bringing crypto to the Web 2 universe, announced the launch of its services in the Binance ecosystem. The latest move will see the PIP Extension platform support $BNB and $BUSD stablecoin-based transactions for the Binance Smart Chain (BSC) users. This aims to help BSC users bridge the Web 3 ecosystem to a range of connected Web2 social media platforms. According to PIP’s CEO and Co-Founder, Jeff Baek, the latest addition to the Binance ecosystem, could be the key to unlocking the vast amount of potential that PIP and the Binance tokens hold. “We believe that PIP will help $17 billion BUSD to expand beyond a trading pair to become a means of global payment, flouring micropayment economy,” he added. The combination with the biggest centralized exchange ecosystem will open up the channels for mass adoption of the PIP payment solution by providing a value proposition for Binance’s global market base. PIP aims to reduce the complexity and transaction fees across the Web 3 stage, by building consumer-focused interfaces, which in turn improve the financial inclusivity across Web 3 technologies. To cater for all users, PIP includes a suite of products including the PIP Extension, PIP.ME, PIP Button, and social tokens. These products help the platform connect easily to social media platforms, allowing social media users to easily transact and monetize their content. The team has already onboarded over 60,000 customers with a total transaction value of $15 million (worth of cryptos) processed. The PIP Extension, as alluded to, allows users to connect their cryptos to their favourite social media platforms. Simply put, PIP Extension facilitates payments via a PIP tag. The users need to create a unique PIP tag and connect the tag to a supported social media account such as Reddit, Discord, or Twitter to start making payments. The PIP extension can also be downloaded for Chrome browsers to streamline the payment service. By sharing tags, users don’t need to remember long wallet addresses, simplifying the entire end-to-end process of sending payments, both micro and macro, affordably. The PIP Button, on the other hand, aids the monetization of online activity by helping users generate a payment button for accepting cryptocurrencies. Without any previous coding language, users only need to select their preferred crypto, customize their PIP Button, and embed it on a website via HTML code or React. The PIP Button offers a user-friendly channel for consumers to send, receive, and tip multiple cryptocurrencies and stablecoins, whether transacting for goods or services or simply rewarding their favourite content creators. Today, PIP users have a plethora of social media services that they can interact with and send payments to including Twitter, Discord, Twitch, and Reddit. On these platforms, users can select an extension to start sending power payments, tips, donations, and more or add a PIP Button to get rewarded for their social continent creation. Those users without a PIP account can even participate, accepting transactions through an escrow-based payment system. In the near future, $BNB and $BUSD payments will also be accepted on PIP.ME, a free Web3 profile that connects audiences and allows them to accept payments. The PIP.ME is also customizable and can be shared through the users' social profiles to accept payments, display or market user-owned NFTs, and also share content. Having raised its seed-round funding from top crypto VCs such as Alameda Research, Coinbase Ventures, CMS Holdings, Galaxy Digital Hong Kong, and Genesis Block Ventures, PIP is planning to introduce more products in the future including the PIP Card, PIP Commerce, PIP Connect, and PIP Widgets in the coming months. Lastly, the payment service also confirmed its intention to “add support or other blockchains, tokens, and social media platforms” in the coming quarters. 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
58 days agocryptodaily
Cryptocurrency Intelligence Firm Messari Plans to Raise $35M at $300M Valuation
Messari, the cryptocurrency data analytics company, is planning a fresh round of fundraising in which it intends to raise $35 million at a valuation of just over $300 million. The crypto startup is in the process of raising capital at a valuation of $300 million and has pitched to many investors, according to sources familiar with the matter. One of the sources indicated that the company is looking to raise an estimated $35 million. Messari successfully managed to raise $21 million in a Series A fundraise in August last year led by Steve Cohen’s Point72 Ventures, the venture arm of a hedge fund that manages $24 billion in assets. Should the firm succeed in its efforts, it would roughly triple the company’s valuation. Co-founder and CEO of Messari Ryan Selkis declined to comment on the fundraising, but did offer some insight on Twitter saying, We’re continuing to build crypto’s largest subscription information business, and are focused on getting ready to release a slate of new products at Mainnet [a conference organized by Messari] this September! More news to share then. He added, We’ve scaled to 130 people on zero net operating burn, had a record July, and are hiring $35mm worth of developers to help bring transparency and institutional-grade data tool to the crypto market. The proceeds of the company’s $21 million Series A funding rounds went towards expanding its institutional footprint, in part by scaling a research tool that helps institutional clients with onboarding, integration, and support for new crypto assets. Kraken Ventures, Alameda Capital, and CMS Ventures were some of those involved in the Series A backers. News of the fundraising comes just a week after Messari announced that it had acquired crypto fundraising intelligence database Dove Metrics. Dove Metrics tracks thousands of investors, funding rounds, and mergers and acquisitions transactions. Eric Turner, vice president of market intelligence at Messari said, The acquisition of Dove Metrics will enable us to offer new datasets and tools that further allow our users to stay on top of industry trends and monitor, in real time, the top projects and technologies that investors are backing. 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.
86 days agocryptodaily
Vleppo and Tokel make NFT rights legally enforceable in the real world leveraging Komodo technology
Kongens Lyngby, Denmark, 12th July, 2022, ChainwireA long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcement of digital asset transactions. Today, Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and NFT owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world. In June 2022, Vleppo developed a Blockchain Contract Management System (“CMS”) that enables NFT owners to create a digital contract by embedding their NFT’s on-chain ID directly into the Blockchain record of the same digital contract. This seemingly simple digital procedure however has massive ground-breaking significance for the digital world. Through this process, the NFT can now act as an immutable evidentiary anchor for the digital contract, forever linking the two together. This link is readily observable because Vleppo’s Blockchain system, called Alysides, which is a customized fork of the Komodo Protocol, is both public and permissionless. This Vleppo Solution has for the first time finally addressed the longstanding concern of the blockchain industry and NFT owners about the lack of clarity on the legal enforceability of smart contracts as related to NFTs. That Vleppo has developed a solution is most welcoming as well as providing a great sense of relief to holders of valuable NFTs. For a contract to be legally enforceable it needs to fully satisfy the elements of (1) offer (2) acceptance (3) consideration (4) capacity of the parties to contract and (5) an intention between parties to create and be bound to legal relations. The first three elements are satisfied by any smart contract. Legal issues arise, however, when attempting to demonstrate that both parties intended to create legal relations and/or have the capacity to contract. This is because current smart contracts in isolation are incapable of definitively confirming that these qualitative elements of a legally enforceable contract have been met. Therefore, it is common practice for smart contracts to be accompanied by a separate natural contract. By comparison, a digital contract or smart contract executed in the Vleppo CMS, where the ID of the NFT is embedded into the Blockchain record of the contract, ensures that the link between the NFT and underlying contract cannot be broken. The Vleppo Solution is Blockchain agnostic as this unique solution delivers legal enforceability enhancement to NFT owners, regardless of whether the NFT is on Ethereum, Polygon, Solana, or any other Blockchain. Furthermore, because of the Komodo Protocol’s superior design and lack of reliance on ‘gas-style’ transaction fees, Vleppo’s CMS can accommodate even the highly complex contractual arrangements in an affordable and efficient way in comparison to other popular protocols, such as Ethereum. Being Blockchain-enabled, Vleppo can provide further additional value-added services to users such as payments, escrow, and Blockchain-governed dispute resolution – essentially everything needed to execute and settle contracts. Chris Sloan, Chair of the Emerging Companies Team at US legal firm Baker Donelson said: ‘The concept of, for example, embedding an NFT of a song into a Ricardian contract that defines a user’s rights with respect to that song is a nice marriage of the benefits of an NFT in terms of being able to track the distribution of a digital asset like that with traditional contract law’ during a panel discussion held on Thursday 7th July following the Vleppo and Tokel demonstration. During the same panel discussion, Jesper Løffler Nielsen, Associate Partner at Focus Advokater, highlighted the disconnect between the desire and positivity in the EU to embrace Blockchain solutions for IP and action, referencing the 2019 “Blockchain Now and Tomorrow” European Commission Report stating ‘… but we (the EU) are moving slowly because that was in 2019 and now we are 2022 and as far as I know there hasn’t been any major leaps forward when it comes to recognizing some of these applications (of Blockchain and IP).’ Through the Vleppo CMS, a solution is now available to effectively manage the gap between the digital asset world and current legislation. Peter Coco, Vleppo’s CEO remarked “It has been a long slog. But it is a big delight for the Vleppo Team to be able to savor the sweet smell of success. At long last, the problem that has posed a challenge to the blockchain world and NFT owners, concerning the distinct lack of legal clarity and legal rights in smart contracts, is finally resolved. We would welcome the opportunity to help all blockchain companies and NFT owners to enhance their existing digital and smart contracts as well as their NFTs to be recognized as legally binding contracts in courts of law.” Peter will be at DMCC Free Trade Zone in Dubai to meet with partners and investors in mid-late July to discuss the potential universe of applications of Vleppo’s technology and the next steps in helping owners of NFTs and other digital assets to unlock and monetize their value. About Vleppo Founded in 2018, Vleppo is a Web3 blockchain solution provider. Its applications have been focused on developing a Blockchain-integrated suite of business tools for freelancers, SMEs, and enterprises. For more information visit www.vleppo.com. Peter Coco can be reached directly via Telegram (@petercoco) and email ([email protected]). About Tokel Tokel is a platform that uses unique nSPV technology to deliver a simple, fast, and easy-to-use Blockchain NFT and token creation system. For more information visit www.tokel.io. About Komodo Komodo is a community-oriented project, consisting of a customized version of the Bitcoin protocol (known as the Komodo Protocol) as well as a blockchain running on the Komodo Protocol. ContactsMrPeter CocoVleppo [email protected]+380503161600
212 days agocointelegraph
Swiss crypto bank Sygnum secures in-principal approval in Singapore
Prior to the latest approval, Sygnum Singapore was only allowed to offer asset management activities with its CMS license.
217 days agocryptodaily
Notifi Raises $2.5 Million Pre-seed Funding to Boost Web 3.0 Communication
Notifi Network, a messaging layer for Web 3.0, has successfully completed a $2.5 million pre-seed funding round with an aim to build communication infrastructure for all decentralized applications on all blockchain platforms. The funding further aims to create simplified and customized notifications on decentralized applications (DApps) in an effort to drive mass adoption and boost user engagement in the Web 3.0 ecosystem. The pre-seed funding round was co-led by Hashed, a multi-billion venture fund focused on blockchain and cryptocurrency startups, and Race Capital, a venture capital firm that has previously participated in top blockchain startups including Solana and FTX Exchange. The capital raised in this round will go towards growing the team and building out the infrastructure. Additional notable investors include Anand Iyer from Canonical Crypto and Dan Matuszewski from CMS Holdings. Launched in 2021, Notifi aims to create decentralized communication channels on the blockchain allowing direct messaging on DApps. Dubbed the ‘decentralized Twilio’, Notifi provides simple, easily integrable, and customizable advanced APIs for dApps and Web3 applications. It empowers developers to better engage with their users via multichannel communications, the website reads. Speaking on the latest pre-seed funding round, Paul Kim, founder, and CEO of Notifi Network said, “I am building Notifi to be the Twilio and the de facto messaging protocol for blockchain so we can help developers and projects to start building long-term relationships with their users. The future of web3 depends on helping the community and new projects to be customer-obsessed. Our focus will be to empower developers so they can focus on their customers.” Having previously served as the Director of Product at Circle, launching the Circle Yield, and further as the Director of Product at Oracle Cloud Infrastructure, where he was responsible for launching Oracle’s Notification Services and other messaging innovations, Paul Kim plans to bring the experience gained to Notifi. The goal is to create the world’s first multichain messaging channel for blockchain apps, DeFi services, non-fungible tokens (NFTs), and any other Web 3.0 applications. According to the team's statement, Nimesh Amin, a former employee at Oracle Cloud will serve as the CTO to Notifi. He aims to bring his vast experience to the startup having worked in the search and cloud infrastructure department at Oracle Cloud. In his previous post, Amin architected the streaming, messaging, Email, and Inter-Service Connectors. Nimesh also led engineering at Styku, was an Architect at iStreamPlanet, and served as a Principal Engineer at Microsoft. “Paul Kim and Nimesh Amin started their careers at Amazon Web Services and Oracle Cloud Infrastructure. They are frustrated by the lack of enterprise-grade notifications for Web3. Given their skill sets and expertise in the communication technology stack, I believe Paul and Nimesh will redefine how Web3 communications work. I am excited to back the “Twilio” for Web3”, said Chris McCann, a General Partner of Race Capital. Notifi will also benefit from the experience from Hashed, which has overseen the growth and accelerated the development of multiple blockchains and metaverse startups including Terra Money, Axie Infinity, Klaytn(Kakao), Link(Line), and The Sandbox. According to Baek Kim, General Partner of Hashed, Notifi aims to create the first communication infrastructure on Web 3.0, instead of relying on social media apps such as Twitter, Telegram, and Discord. “With almost $70 billion total valued locked on Defi and $6.1 billion transacted on NFTs it’s crazy that there are no real communication layers to support these ecosystems,” says Kim. “We at Hashed believe that we need to solve this now, and help the next wave of users crossover”. 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.
295 days agocryptodaily
Ukraine’s Electronic Currency Program Launched On Stellar
The pilot program will test the viability of the electronic hryvnia (Ukraine’s currency), which will be launched by TASCOMBANK and Bitt on the Stellar blockchain. TASCOMBANK To Build Pilot e-Hryvnia Both Bitt and TASCOMBANK are Ukraine’s oldest commercial banks. They will be in charge of launching the pilot program that will test run this digital currency on an open blockchain that provides asset control capabilities to issuers. The electronic hryvnia will be tested in different use cases like peer-to-peer payments, merchant payments, and programmable payroll for public employees at Diia, an IT solutions enterprise. The actual building and testing of the regulated e-hryvnia have been allocated to TASCOMBANK. The bank’s Chairman, Volodymyr Dubey, stated, “With the rapidly growing impact of virtual assets on our everyday life and economic landscape, it is essential to utilize the advantages of blockchain technology and new related products as a part of the bank’s long-term market strategy. Cooperation with Bitt to build on Stellar allows us to connect our core banking system with blockchain-based infrastructure, creating an ecosystem that includes a full range of banking products and operations with electronic currency on the Stellar blockchain.” Pilot To Be Deployed On Bitt On the other hand, Bitt’s Digital Currency Management System (DCMS) will be hosting it. The core monetary transaction network, secure minting system, and the operations manager of the DCMS give Bitt the legitimacy needed to deploy the pilot. CEO of Bitt, Brian Popelka, spoke on the pilot project and the partnership with Stellar and TASCOMBANK, “Bitt is excited to work with a leading blockchain network like Stellar to leverage its many benefits, including greater flexibility that aligns with the electronic hryvnia’s specific needs. Bitt’s DCMS will equip TASCOMBANK with all of the technology required to securely mint, store, issue, distribute, and redeem the electronic hryvnia.” Stellar Network Facilitating e-Hryvnia Issuance The Stellar platform provides a decentralized network for cross-currency transactions, digital assets issuance, and other monetary products designed to connect global financial infrastructure. The Stellar Development Foundation (SDF) is a non-profit that leverages Stellar’s underlying blockchain technology to provide more financial freedom and economic growth worldwide. CEO of SDF, Denelle Dixon, commented on the e-hryvnia project, stating, “Stellar is an open network that was designed with asset issuance in mind, and is uniquely suited to assets like the electronic hryvnia. It offers issuers, like TASCOMBANK, a suite of controls that they can configure for their asset control needs while maintaining the interoperability and flexibility of an open ledger. We are excited that TAS and Bitt have chosen the Stellar network for this ground-breaking pilot.” 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.
372 days agocryptodaily
CFTC Issues $1.25m Penalty Against Kraken On Alleged Illegal Offerings
The Commodity Futures Trading Commission (CFTC) has issued an order against Kraken, a top crypto exchange. The charges were filed against Payward Ventures Inc. (Kraken's owner) as civil financial consequences for allegedly violating the Commodities Exchange Act. The CFTC says that Kraken has not filed due compliance requirements as a futures commission merchant and service provider, and as such has illegally offered margined retail commodity transactions in digital assets to its U.S. customers who were not eligible for the said financial products. The CFTC has traced this activity to be between June 2020 and July 2021. For the offerings to be appropriate, Kraken must register as a Designated Contract Market (DCM) or FCM for futures products.The DCM status is necessary for offering, while the FCM registration is required for listing and trading in the open market. “How Kraken would be regulated as an FCM is not entirely clear, because many of the Commission’s rules governing its regulation of traditional FCMs do not fit Kraken’s role as an exchange,” said CFTC Commissioner Dawn Stump. Kraken issued a statement in response to the charges: “We appreciate that today’s settlement acknowledges our cooperation and engagement on the issue. We are committed to working with regulators to try to ensure the rules governing digital assets create a level playing field globally – one that allows the crypto space in the U.S. to flourish, while protecting the interests of individuals and the integrity of the industry.” Despite this nudge to being compliant, Kraken neither admitted nor denied that the CFTC's findings were indeed correct, but has since complied to the cease and desist to save it from any further violations of the Commodities Exchange Act. The exchange has also waived its rights to any hearings or future court review in line with the charges. A concurring statement regarding the settlement was issued by the CFTC, highlighting how existing agency guidance from its end cannot at the moment fully clarify rules for cryptocurrency firms that are planning to offer retail commodity transactions, especially those tied to liquid digital assets. “This motion is a part of the CFTC’s broader effort to offer protection to U.S. shoppers. Margined, leveraged or financed virtual asset buying and selling introduced to retail U.S. shoppers should happen on correctly registered and controlled exchanges in response to all appropriate regulations and rules.” stated Vincent McGonagle, director of enforcement at the CFTC. With this unprecedented case, Kraken hopes to “proactively” lead the discussion on this matter for the benefit of the “U.S. digital asset industry and U.S. investors writ large” impacting the crypto industry as well, given how Kraken’s position as a leading crypto exchange valued at over $10 billion would set the ground for clearer regulatory frameworks for offerings of this kind. 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.
394 days agocryptodaily
Cyclos Raises $2.1M to Build Concentrated Liquidity AMM on Solana
Solana-based DeFi platform Cyclos has raised $2.1 million in its latest funding round. The project plans to use the capital to create the first concentrated liquidity automated market maker (AMM) on Solana, enabling a host of features never before seen in the blockchain’s ecosystem. The private funding round saw participation from a succession of noteworthy investors including CMS Holdings, Hashkey, Solana Capital, Huobi Ventures, Coin98 Ventures, MXC, MarketAcross, and Gate.io. Additional investment came from Skyvision Capital, Petrock Capital, Illusionist Group, Cryptomeria Capital, DigiStrats, and Youbi Capital. “We’re excited to fully begin the Cyclos journey with the strong backing we received,” enthused Jason O’Brien, a spokesperson for Cyclos. “Cyclos introduces a myriad of functionalities to DeFi on Solana that, until now, were not possible with existing infrastructure. Range-limit orders, capital efficient liquidity pool bootstrapping, and orderbook-based stable asset market making are all possible due to Cyclos’ innovative approach to concentrating liquidity providers’ assets.” Cyclos offers a unique spin on the concept of concentrated liquidity first pioneered by Uniswap V3. By utilizing Solana and its low-latency, high throughput blockchain, the platform facilitates the creation of concentrated liquidity tethered to Serum, an orderbook-based decentralized exchange (DEX). In doing so, it purports to provide all the benefits intrinsic to concentrated liquidity with few of the downsides. Funds committed to Cyclos are used to provide liquidity on Serum DEX according to ranges specified by LPs. Using Serum obviates the need to bootstrap volume and initial liquidity for the AMM pools, reducing impermanent loss risk for new pairs and immediately guaranteeing income for LPs. Cyclos is particularly advantageous for stablecoin pairs, since markets can be made without the use of algorithms. The platform also enables features such as range orders and stop loss/limit orders, which were previously unavailable on Solana AMMs. “CMS is excited to support Cyclos in their mission to bring concentrated liquidity to Solana,” said Dan Matuszewski, Partner at CMS Holdings. “The growing Solana user base has increased the demand for a world-class AMM experience. The Cyclos team is strong and well positioned to have a material impact on advancing Solana's DeFi ecosystem.” 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.

About COMSA [XEM]

The live price of COMSA [XEM] (CMS) today is ? USD, and with the current circulating supply of COMSA [XEM] at 219,042,298 CMS, its market capitalization stands at ? USD. In the last 24 hours CMS price has moved -0.00194 USD or -0.04% while 29.2539 USD worth of CMS has been traded on various exchanges. The current valuation of CMS puts it at #231 in cryptocurrency rankings based on market capitalization.

Learn more about the COMSA [XEM] blockchain network and how it works or follow the price of its native cryptocurrency CMS and the broader market with our unique COIN360 cryptocurrency heatmap.

COMSA [XEM] Price? USD
Market Rank#231
Market Cap? USD
24h Volume? USD
Circulating Supply219,042,298 CMS
Max SupplyNo Data
Yesterday's Market Cap9,687,620 USD
Yesterday's Open / Close0.046168 USD / 0.044227 USD
Yesterday's High / Low0.060153 USD / 0.041798 USD
Yesterday's Change
-0.04% ( 0.00194 USD )
Yesterday's Volume29.2539 USD
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