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Everscale price, market cap on Coin360 heatmap

Everscale(EVER)

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$0.09238
(-4.37%)
0.00000432 BTC
Market Cap (Rank#205)
$114,272,426
5,344 BTC
Vol 24h
$3,738,408
174.823 BTC
Circulating Supply
1,236,985,575
Max Supply
2,000,000,000
1h agocryptodaily
Ubisoft & Playrix Developers Quit to Join a Neon-wave Web 3.0 P2E Ecosystem
Ever heard of the saying “When the money goes, you find out who your real friends are?” – the bear market has given us the perfect opportunity to uncover the real gamers present in Web 3.0, and the outlook isn’t that bright after all. The mass exodus from GameFi’s ‘Rising Stars’ such as Axie Infinity and SolChicks have shown us one thing – the gameplay just isn’t there. GameFiisn’t as much for the gamers as it is for the earners, and this is becoming crystal clear in the bear-market backdrop. So, what’s the solution? Putting the ‘Game’ Back Into ‘GameFi’ Marketing itself as a ‘Play-AND-Earn’ ecosystem, Ryber is bringing its addictive state-of-the-art gameplay up to the level of the earning potential. Sure, Ryber’s NFT owners can earn 220% APY from staking, but they’ll stick around for the immersion, the lore, the competitive racing, exploration and never-ending fun from a never-ending selection of AAA blockchain games. “P2E games over the past few years have served primarily as a form of income instead of a good medium for entertainment. With Ryber, we’re disrupting this trend, aiming to inflate the industry with AAA gameplay –it’s going to be epic” – Dmitry Nevskiiy, Ryber’s CEO Okay –but what’s Ryber? A platform for game developers? Steam but blockchain? A gamified metaverse? A 3-in-1 GameFi Spectacle to be Reckoned With Ryber is a triple-barreled 2022 shotgun of an ecosystem, set to change the world of GameFi for good. Let’s unpack those barrels one by one. –First up is the RyberVerse –a three-stage, gamified metaverse offering innovative Play-and-Earn game mechanics. Initially, the team is going to kick the show off with Ryber: The Lost Data Runner. Staying true to its philosophy of ‘play and earn’, the debut runner will introduce Robros, fascinatingly cute creatures, brilliantly talented at maneuvering vehicles through unimaginable twists and turns as commanded by the player. Second in the trilogy will come Ryber: Battle Royale, which will pay homage to the success of the game mode in the traditional gaming segment. Finally, Ryber’s fully-fledged gamified metaverse will be released, uniting the games aforementioned, while providing players with an unprecedented level of immersion. – Next up is the RyberMetaMaker – a tool for adding blockchain and P2E mechanics to games. Indeed, Web3 game developers are currently facing a myriad of issues associated with the fact that blockchain games are technically challenging to set up. Because of this, Ryber is in the process of developing a solution that will provide accessible, industry-grade tools to developers looking to create their own blockchain games. The RyberMetaMaker will lower barriers to entry for blockchain game development, catalyzing the mass adoption of blockchain technology – And lastly, the RyberHub – a digital blockchain game distribution center. Ryber doesn’t just intend to help create AAA games on the blockchain through the RyberMetaMaker, but it aims to assist in their promotion, bringing them to their players. The RyberHub will feature unique rating and sorting mechanics, making sure that players are able to quickly find and access the games that they’ll surely enjoy, all under one roof. Sounds exciting – what about backing? With best-in-class partners, we’re not the only ones excited about Ryber. As a top 50 crypto exchange entering the market in 2017, Tidex currently has a trading volume that extends up to 2 million USD per day. The exchange itself is known for an incredibly comfortable user experience, with a transparent fee structure, fees that are significantly below the market average, and more than 100 pairs on offer. Tidex also offers a launchpad and engages in a variety of well-researched investment endeavors. Of course, Ryber is one of their most recent additions. Next up is Digital Finance Group (DFG), a global blockchain and cryptocurrency investment firm. The group was founded in 2015 and already manages assets valued at over 1 billion USD. Backing by DFG is a good sign, considering the extent of their analytical research processes. Indeed, DFG’s investment is notorious for only landing on the most impactful and promising blockchain and Web 3.0 projects globally. The fact that Ryber now makes up a portion of their investment portfolio speaks volumes as to the potential of the Ryber project and ecosystem. Then, there’s WeWay –a major stakeholder and partner in the Ryber project, and functions as a full-scale ecosystem for brand promotion in the Web 3.0 arena. They service bridges between brands, link creators with NFTs and Metaverse promotion and are even known for their work on Web 3.0 blockchain marketplaces. They offer full-cycle services when it comes to realizing ideas on the blockchain and are marketing experts. The relationship between WeWay and Ryber is very hands-on, and this will go a long way to ensure the success of the Ryber project by making sure that no stone is unturned when it comes to propagating the social momentum of the project. Adding its metaverse experience to the pot, the DAX estate program is a unique stakeholder in Ryber as the project aims at increasing confidence in real estate tokenization. Indeed, they look to reduce risks associated with metaverse creation, and property tokenization while protecting the rights of all participants. Dax is known for their involvement in projects functioning as a guarantor and escrow, providing due diligence, monitoring, and the necessary transparency. The RyberVerse is sure to benefit from the guidance of DAX, with their planned gamified metaverse. I’m in, what’s next? Ryber is only Just Getting Started… With its NFT mint imminent, now is the time for prospective gamers, investors and collectors to get involved. Slowly but surely, Ryber will be building up their ecosystem, achieving significant milestones along the way. It’s your opportunity to get in on the ground floor, so check out their whitepaper below, and make sure to follow them on all relevant social media channels. Site: https://ryber.io Twitter: https://twitter.com/Ryberofficial Discord: https://discord.gg/rybergame Disclaimer: This is a sponsored pressrelease, andis 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
3h agocryptodaily
KPMG Canada favours new securities law for crypto
KPMG Canada’s director and co-leader of crypto assets and blockchain, Kunal Bhasin, has said in a recent interview with Kitco that he believes that the Howey Test might not be the right rule with which to decide whether a cryptocurrency was a security or not. Bhasin spoke to Kitco on the sidelines of the Blockchain Futurist Conference in Toronto. He said that in his view, the crypto market correction was very necessary in order to flush out bad actors, and that it would gain maturity as a consequence. Moves into crypto The KPMG director explained why the company had taken what for it was a rather unusual measure, of adding bitcoin and ethereum to its corporate treasury: "We added Bitcoin and Ether to our treasury because we wanted to be part of the community. We wanted to show the crypto community that we have skin in the game. Our leadership believes in the technology and all transformative ways it can be used in the community. KPMG is traditionally not in the business of investing in assets. This is probably the first time that something like this would've happened." The company even went to the extreme of purchasing digital art from the World of Women collection of NFTs. Bhasin said: "The reason why we bought the WoW NFT is that we need a lot more women in crypto and women in tech in general. I feel the crypto industry could use a lot of that majority and sensibility that comes with a lot more women in the space and how they could contribute," Regulation Bhasin gave the view that regulators in different countries should be learning from each other. One example is the spot crypto ETF that has been operating for the last two years. He said that the US could learn from its counterparts in Canada about it. In relation to the current SEC regulatory spats with certain crypto companies over whether their token constitutes a security, Bhasin was doubtful as to whether the Howey Test was up to the job, saying: "We need a new framework to assess these assets and not try to retrofit a test adopted when digital assets weren't even a thing," Future adoption The KPMG Canada director was bullish on new institutional entrants into the crypto space, stating: "Those institutions that have been looking to get into the space have been doing due diligence and research for several months or years. For many, the decision-making would not depend on where the market is. But for some, this is an opportunity because of where the prices are. If they didn't want to come in when Bitcoin was at $60,000, the current $20,000-$24,000 range could be a good time for them to come in," 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.
3h agocryptodaily
World's First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Release
August 19, 2022, Brisbane, Australia - Leveraging the ongoing success of the Safuu protocol, the Safuu team has announced the upcoming launch of the SafuuX. The world’s first auto-rebasing layer 1 blockchain, scheduled for Mainnet in January 2023. The SafuuX blockchain will use a Proof of Staked Authority (PoSA) consensus mechanism and feature SFX as the native coin, and SafuuX DEX as the native decentralized exchange on SafuuX chain. SFX will feature a huge never before seen introductory APY of 191,888% achieved through rebases, and employ a FixedFlex Model thereafter, offering up to 3.24% APY per day. SFX will have the same auto-rebasing, auto-compounding, and auto-staking mechanisms as the original Safuu, ensuring holders earn reward payouts every 15 minutes. “After seeing how successful the initial Safuuproject was, it was obvious that expanding the concept into a full-fledged layer 1 blockchain was the natural progression of the protocol,” said Bryan Legend, the CEO of Safuu. “This is an entirely new concept, something never seen in DeFi, and we have a lot of additional features and benefits that we will announce in the near future,” he added. Starting October 20th, 2022, there will be an initial ‘Sacrifice Event’ where existing Safuu token holders and holders of BTC, ETH, BNB, FTM, XRP, SOL, DOT, AVAX, MATIC, DOGE, SHIB and USDT/USDC/BUSD stable coins will be able to sacrifice their current coins for SFX prior to the test net going live. The earliest sacrificers on day one will be eligible for up to a 50% multiplier of their sacrifice rewards. The multiplier reward will decrease over time in the subsequent days, ensuring that early sacrificers are rewarded the most while still making sure even late sacrificers will be rewarded plentifully. SFX tokenomics include an initial supply of 375 million coins, and an initial main net launch price of $9.00 USD. For more information on SFX and the SafuuX Chain, visit https://www.safuux.com/ About SafuuX: SafuuX Chain is the world’s first independent rebasing blockchain which uses Proof of Staked Authority (PoSA) consensus on a system of validators. SafuuX boasts smart contract functionality and is also EVM compatible. The native coin of SafuuX Chain is SFX which is used for paying gas fees, validator staking and block rewards. SafuuX Chain is a standalone blockchain which unlike other Layer-2 solutions, does not interact directly with Ethereum base chain. About Safuu: Safuu provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of its unique SAP protocol. Safuu delivers the industry’s highest fixed APY, paid every 15 minutes, and a simple buy-hold-earn system that grows your portfolio in real time. Media Contact: Damian MacRae CMO 2IC, Safuu [email protected] Disclaimer: This is a sponsored pressrelease, andis 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
5h agocryptodaily
GK8 partners with Polygon, enhancing secure L1 and L2 support
The institutional-grade digital asset custody platform GK8 just announced that its proprietary end-to-end solution that includes DeFi, staking, NFT and tokenization support, is now integrated with Polygon. As a leading blockchain development platform, Polygon leverages Ethereum’s ecosystem, the biggest multi-chain system in the world, and offers scalable, affordable, secure, and sustainable blockchains for Web3.0. There are over 37,000 dApps in production on Polygon, which makes it an integral member of the Ethereum community with a rapidly growing community of its own. Polygon is the latest protocol to be integrated by GK8 which means that GK8 customers can retain the agility and flexibility needed to seamlessly provide custody and services on top of Polygon blockchain and the $MATIC token. Today’s crypto market is in flux, creating additional challenges in digital-asset management for traditional and crypto-native institutions. On the one hand, institutions need an end-to-end management solution providing the maximal agility required to take advantage of market upsides. On the other hand, they require an enterprise-grade, battle-proven solution capable of providing secure custody for their most precious assets. Finally, they need a strategic technology partner to help them build the infrastructure required to leverage the high-growth potential, drive new revenue streams, and maintain a competitive edge. “We are excited to be integrated into GK8’s infrastructure. This integration gives GK8 customers added agility and the flexibility they need to manage the diversity of their portfolio, all without any additional R&D or integrations,” said Arjun Kalsy, VP of Growth at Polygon. “Institutions can now access staking, cold staking and DeFi protocols directly from GK8’s digital asset custody solution. At Polygon we will continue to build our ecosystem and ensure that our builders have access to the best in class infrastructure.” GK8’s solution is regulation-ready and includes both a Cold Vault as well as an MPC vault. Their Cold Vault is the only solution on the market that doesn’t require internet connectivity to create, sign, and send blockchain transactions, which means that institutions gain an unparalleled level of security that leaves no openings for hackers to exploit. For higher-frequency automatic transactions, GK8’s solution is paired with a patented high-performance MPC wallet. The platform has an arrangement with AON for customers to quickly and seamlessly access insurance of up to $750 million per Vault, the highest in the market today. GK8’s solution also supports the secure tokenization of traditional assets, features general support of all Ethereum Virtual Machine (EVM)-compatible layer-1 blockchains (such as Polygon), and grants users instant access to all layer-2 smart contracts on supported chains. “We are happy to offer our customers ‘out of the box’ support for the Polygon’s layer-1 protocol, including Polygon’s layer-2 smart contracts, ERC20 tokens on top of Polygon, dApps, DeFi and $MATIC cold staking,” says Lior Lamesh, CEO and Co-Founder of GK8. “Polygon is yet another example of GK8’s ‘out of the box’ support of EVM protocols. This integration affords our customers more agility in managing their crypto assets, which is key to creating new revenue streams.” 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.
5h agocryptodaily
BTC and ETH Fall As Interest Rates Rise, But Chronoly Is Up 560%
With inflation still at record highs in the past few decades, the Federal Reserve has been steadily raising interest rates to quell consumer and business spending. If you’ve been in the crypto game for a while, you’ve probably seen the correlation between stocks and crypto, particularly the big two, Bitcoin (BTC) and Ethereum (ETH). And you’ve also probably noticed that when interest rates rise, stocks and crypto fall. Let’s take a look at some of the recent hikes and one coin that seems unaffected by interest rates. Bitcoin (BTC) and Ethereum (ETH) are closely linked with equities When the Fed first raised rates back in March, it was only a minor increase of 0.25%, the first hike since 2018. Markets seemed to have priced this move in, with Bitcoin and other cryptos seeing a little drop before going on an uptrend in the following few weeks. However, increased bearishness due to the Fed raising interest rates 0.5% in May saw a significant decline in Bitcoin of over $10k in just ten days. Similarly, this prompted Ethereum’s decline from nearly $3000 to a low of $881 in a little over a month. At the Fed meeting in June, another hike, this time 0.75%, caused prices to decline even further. So why does this happen? Interest rate hikes are bad for demand. They prompt consumers and businesses to stop spending as much, which decreases flows into stocks and crypto as people become warier and more open to simply saving their money with minimal risk. However, one crypto coin hasn’t seen a substantial drop in price; in fact, it’s up 560% in the same period that Ethereum declined 70%. It’s called Chronoly.io (CRNO), and investors are now looking to this real-world utility token to act as a solid place to grow their money. Chronoly.io (CRNO) shows its resilience The Chronoly.io ecosystem is intrinsically linked to the luxury watch market - a market, like art or vintage cars, that is relatively unaffected by interest rates and inflation. The Chronoly.io project is a decentralized marketplace for the average Joe to invest in luxury watches, from big name brands like Rolex, Audemars Piguet, and Patek Phillipe, for as little as $10. Chronoly.io has minted several fractional-share-based NFTs that allow you to participate in the ever-growing watch market. These watches are authenticated and back the NFTs, determining their value based on real-world worth. Chronoly.io native token, CRNO, can be used for discounted buying fees and staked for a passive income of at least 10% - much better than any bank will give you. And it’s seen a meteoric rise of 560% while the rest of the crypto market crashed, already showing its resilience. Now in phase 3 presale with just over a month left, Chronoly.iois sat at $0.066. However, analysts are calling it hugely undervalued based on its fundamentals. Some are even projecting prices of $0.75-$1.00 by the end of presale, marking a potential 1000%+ gain in just a matter of months! As a result, crypto whales have been flooding in, realizing the potential of diversifying their investments by grabbing their piece of the luxury watch market. For more information about Chronoly.io presale Website: https://chronoly.io/ Telegram: https://t.me/Chronolyio Presale: https://presale.chronoly.io/register Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press releaseand 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.
6h agocryptosrus
Robinhood lands steep 60% discount on $170M exchange acquisition: Report
Covered: Robinhood Buys Crypto Exchange Robinhood Buys Crypto Exchange Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions. The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised […] The post Robinhood lands steep 60% discount on $170M exchange acquisition: Report appeared first on CryptosRus.
6h agocryptodaily
GazeTV Launches Phase 2 “Gazer-lization”
Hong Kong, Hong Kong, 19th August, 2022, ChainwireGazeTV announces today the launch of its Phase 2, dubbed “Gazer-lization”, a new phase of the GazeTV project emphasizing peer-to-peer interaction, social networking, and content discovery. Last year, GazeTV was first launched with Phase 1 GazeAge. While GazeAge primarily focuses on the video aspect, the emerging GAZE tokenized ecosystem has proven to be a solid way of not only embracing content creation but also connecting content creators and their audiences to support and interact directly with each other. Harnessing the power of blockchain technology, the built-in reward mechanism plays a significant role in supporting the GAZE ecosystem, where the Upload Reward Pool allows content creators to build their content economy and the Engagement Reward Pool promotes user engagement on the platform. Upcoming in Phase 2 Gazer-lization, we are taking the GAZE tokenized ecosystem to the next level, turning GazeTV into an all-rounded social entertainment platform. While the reward mechanism remains, a lot more new features will be introduced in Gazer-lization to achieve the ultimate goal - bringing the Gazer community closer. In Gazer-lization, our primary focus is no longer just on videos but on social and entertainment as a whole. After nearly a year of preparation and features development (see GazeTV’s milestone), new functions such as live streaming, social networking, referrals, P2P transfer, and voucher system will be rolling out altogether in this phase. New Features at a Glance Social Networking Space - Interaction and connection between Gazers can now be more direct and instant. The “Zone” section allows Gazers to express themselves and connect with other Gazers who share the same interests. This will enable creators to reach out to their fans and vice versa. Once the users add each other as Zonemate, they may view each other’s updates at the Zone and perform live chatting. Stay connected. Live Stream - This long-awaited new feature will soon be available on GazeTV. Live streaming makes the interaction between content creators and audiences happen in real-time. Creators can host public or private live streams for multiple purposes, from streaming a music show, an event or just casually chatting with fans. Private live streams allow creators to control the audience capacity and set the ticket price. To make streaming more entertaining, GazeTV live stream involves participated features, such as fun sharing and super chat, for audiences to get involved in the live stream more than just watching. Creators receive revenue from ticket sales and Super Chat purchases. User Tier - GazeTV introduces multiple levels of user tiers to encourage on-platform user engagement. User tier involves four levels, from GazeBie, GazeSeed, GazeTank to GazeStar. As the user level goes up, Gazers can enjoy increased incentives and privileges, including additional rewards on content revenue, access to more social features, free vouchers, and more. Referrals - In this new phase, GazeTV provides an alternative revenue stream for every Gazer, from content contribution and engagement. By referring family and friends to join GazeTV, Gazers can earn referral rewards for every successful referral. Rewards are uncapped. The more referrals the user makes, the more referral rewards they can get. Extra incentives are distributed to referrers once the referee completes the required tasks. Channel Membership Subscription - A membership subscription on GazeTV lets content creators publish their member-exclusive content on their channel. Creators can set the pricing on the channel membership to ensure a steady income on content monetization. This feature does not require any qualification. Every creator is eligible to activate the channel membership. P2P Transfer - GazeTV offers on-platform transfer for Gazers to send and receive GAZE instantly with no fees. Gazers can send GAZE to their Zonemates directly without leaving the platform with a few clicks. Every transaction is recorded and protected on the blockchain. Gazepon - Gazepon is the voucher system on GazeTV for Gazers to redeem exclusive offers on the platform. Gazepons distributed by GazeTV or Creator offers different discount rates, which can be applied to ticket sales, content transactions, and more. At the Gazepon center, it lists all the available and valid Gazepons. Gazers can grab and save the Gazepon of their choice on a first-come-first-served basis. MetaMask Integration - For crypto-savvy users, GazeTV makes everything easier for them. Once the users have their MetaMask wallet connected to their GazeTV account, they can conduct platform transactions, such as P2P transfers, deposits, withdrawals, and balance check, directly from the MetaMask wallet on the GazeTV platform. The wallet connection works as a hybrid model consisting of both decentralized and centralized exchange transaction flow. Regardless of the roles, from a content creator, a regular user, or just an affiliate, Gazer-lization provides the best possible social entertainment experience. In terms of content monetization, Gazer-lization empowers content creators to build and expand their content economy in multiple channels. In addition to the existing content upload reward mechanism, where creators are awarded GAZE tokens based on the duration of their uploaded content, creators can monetize their content through live streaming, content transaction on a single video or collection purchase, channel membership subscription, or direct support from audiences. As for users, GazeTV serves as an ideal space for them to socialize, express themselves, and stay connected with their favorite creators or loved ones. Users are incentivized based on the platform's level of engagement and involvement. Those interested in starting their Gazer journey can sign up at Phase2.GazeTV.com. Refer to the User Guide for tips to get started with GazeTV. About GazeTV Phase2.GazeTV.com is a revolutionary new social networking and entertainment platform that combines the best of Web 3.0 and blockchain technologies to deliver a community-owned and socially conscious experience that empowers content creators and incentivizes users. Powered by the GAZE tokenized ecosystem and its emerging DAO (Decentralized Autonomous Organization) governance structure - The GazeTV Foundation - GazeTV utilizes built-in tokenomic incentives and reward functions for interacting and growing its community like never before. GazeTV Dapp: Phase2.GazeTV.com Foundation Site: www.GazeTVF.com For more information, visit: Twitter | Telegram | Facebook | Instagram | Medium | [email protected]
7h agocryptopotato
The Covesting Ecosystem: Everything You Need To Know 
The cryptocurrency industry, in general, has grown tremendously in the past couple of years. This became especially evident and expressive throughout the massive bull run that we witnessed in 2021 when Bitcoin’s price almost touched $70K. Despite the prices going down quite a bit and the market depressing to its current state, there are many […]
7h agocryptodaily
Redlight Finance Launches New Blockchain Gasless Solutions throug
Redlight Finance, a technology company that provides a full crypto technology platform, is introducing Redlight Chain, a Layer 1 EVM compatible blockchain with new functionalities. Redlight Chain is centered on solving the blockchain trilemma of scalability, decentralization, and security by optimizing the gasless blockchain. $REDLC is the governance coin for the Redlight blockchain, which is solving two significant barriers: gas prices and congestion, through innovation, adding new functionalities. About $REDLC and the gasless blockchain Redlight Chain is a Layer 1 EVM (Ethereum Virtual Machine) compatible Blockchain ND, introducing revolutionary changes to the traditional EVM compatible blockchains. It is also an ecosystem that opens the world of crypto to anyone and everyone wanting to find a secure, decentralized, and scalable solution to their problem. The platform also showcases the proper abilities and benefits of Smart Contracts and NFTs. $REDLC wants to solve traditional Blockchains' problems because most real-world industries/companies do not want to pay gas to perform transactions. The project takes this issue as its primary purpose, in addition to its mission to develop a blockchain-compatible EVM that targets scalability, decentralization, and security. Scalability refers to the Blockchain maintaining its transaction/block speeds & output while growing and expanding in users/industries. For this, $REDLC allows the Blockchain to be integrated into industries that rely on passing or using information from one point to another transaction. Being a gasless Blockchain will enable us to target industries that may otherwise never have given Blockchain Integration a second thought. Also, $REDLC is fully gasless, not 0.000001, not staking a coin to get another token to use for gas, but truly gasless as in 0. Decentralization on $REDLC is achieved through validators (nodes) governing the information on the Blockchain rather than a centralized entity controlling it. Most EVM-1 compatible Blockchains operate in this manner using various methods such as Proof of Work (POW), Proof of Stake (POS), and Proof of Authority (POA). $REDLC is categorized as POA, a more advanced form of POS. Instead of needing to stake monetary value, the "identity" of a validator replaces this and serves as a stake. Besides security - upgradability and flexibility are critical factors for any technology to maintain maximum security. $REDLC employs these elements by keeping a dedicated security team on hand to monitor network and server activity. Moreover, $REDLC is introducing the Pocket System. The Pocket System is an intelligent queuing mechanism that allows the split of transactions to alleviate congestion. The Pocket System can automatically recognize network attacks and reroute them to a separate pocket to be validated without affecting the rest of the network. Meet Redlight Finance Redlight Finance is a technology company aiming to provide a full crypto platform that acts as a bridge between the real world and web3 through blockchain technology. They aim to achieve this mission via their fully gasless blockchain. The gasless blockchain they have developed allows users to provide a use case for the traditional cryptocurrency investor by integrating smart contracts. On top of this, with no gas fee on transactions, Redlight Finance believes this will allow traditional businesses that require large databases of private information (e.g., hospitals, financial institutions) to transition into web3 securely. Contact Check and test the $REDLC gasless blockchain onTestnet Redlight Scan. More information is availableon the official Redlight Finance websiteand onthe $REDLC whitepaper. 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.
8h agocointelegraph
NFTs democratize music industry and redistribute song rights
EDM artist R3HAB and music community anotherblock are using NFTs to share song royalties with everyone involved in the process of launching a song -including fans.
8h agocryptodaily
Bitcoin falls suddenly sending market into uncertain territory
Bitcoin has experienced a sharp fall on the day with a 7.2% slide to its current price of $21,500. As much as an 8% price reduction was seen earlier. Practically the entire crypto market has followed suit. The yoyo that is crypto continues to bounce around in the midst of extremely uncertain macroeconomic times. The rally that had begun at $17,500 was making steady higher highs and higher lows. However, this morning’s fairly emphatic dump has sent the market into the jitters territory again, and all are wondering if the strong support of the 200 weekly moving average will be held by the end of the week, or if bitcoin is going to break it and head down to its previous local low. CZ, the CEO of Binance, tweeted out a vaguely enigmatic statement with his view of the situation: Nevertheless, given that the rally was in its ninth week and that from bottom to top, the bitcoin price had increased 43%, the market was probably overdue for a correction. The Fear and Greed index continues in Fear territory, with a value of 33, slightly down on yesterday’s figure of 30. Bearing in mind that Fear registered 43 last week, the market is being quite resilient during this particular downturn. On Bitcoin Twitter, some are pointing to the bitcoin realised price, stating that $21,750 is the current figure where most holders of bitcoin start to see their positions go underwater. At time of writing bitcoin has just dipped below this price and is heading down strongly. Notwithstanding, the RSIs for all the medium term time frames out to the daily are starting to enter oversold territory, so look for bitcoin to bounce within the next day or so. 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.
9h agocryptodaily
Web3 CEOs talk about why fun & functional P2E games are important
There’s no denying the prevalence of blockchain gaming. Over the past year alone the industry has grown 2,000% from Q1 2021 and over $10.5 billion was raised in NFT and blockchain gaming funds in the first half of 2022. Although this industry is booming, there still lingers a hot debate in the background – whether web 3.0 games need to be fun or focus on functionality to ensure sustainable user retention. There are two types of web3.0 or blockchain games, those that start from the traditional game developer side, and those that are created first based on tokenomics. It is not apparent as to which one of these two approaches to developing blockchain games ensures longer user retention. Some argue that as long as blockchain games provide users with high revenue streams, they would succeed in holding on and increasing their userbase. Taking a different stand, traditional South Korean game developer Wemade is shifting the paradigm with CEO, Henry Chang stating, “To be a successful video game, games need to be fun. But to make the life cycle of the game longer, games must have well designed in-game economy”. He added “Games that can adapt the blockchain technology such as coins, NFTs and Defi, they can enlarge the economy beyond the game into the real world. The items in the games can be valuable in the real world. Its tokenomics in the game, can make the game more enjoyable. Players can make money from playing games”. MIR4 Global which was launched just a year ago is certainly the most successful and sustainable blockchain game ever created. Originally developed by a traditional game developer Wemade, the game combines high quality graphics and characteristics with strong in-game economy. Available in 170 countries and in 12 languages, MIR4 has recorded over 20 million accumulative users and $160 million in-game revenue so far. More Than Just Tokenomics and Functionality MIR4 has millions of users playing every month with a peak value of 6.5 million in Q4 of 2021, which is exceptional for an MMORPG. The number of concurrent users never drops below half a million, which is proof of a sustainable in-game economy. It is a clear example of successful user retention case of Play and Earn (P&E) games with focus on fun rather than on strict economic gain. Aware of the social impact P2E games have on individuals, MIR4 is designed so users don't have to spend 12 hours a day just to earn game tokens. Instead, the approach is to give users an incentive to enjoy the game without losing touch with reality. As a result, players can earn some side revenue through the games, without it taking over their lives. Additionally, MIR4 aims to curb inflation within the ecosystem by ensuring users play and earn and pay. The game incentivizes users to invest their earned tokens back into the game which enhances their gaming experience. By bringing in utility and immersive gameplay to create a fun-filled journey for the players, well-made games with strong in-game economics deliver high user retention rates. Games that are predominantly not fun, centered around economic profit, however, result in players engaging for a short time, always seeking to cash out and move on to the next highest paying game. When games are not enjoyable, users are not incentivized to spend their earned tokens in the game, therefore driving inflation within the ecosystem. Games that cannot solve inherent inflation problems are doomed from the start! Regarding P2E’s sustainability, Benjamin Charbit, former Ubisoft Game Director and CEO of Darewise Entertainment, added, "Sustainability can only be achieved by managing the balance between user growth and inflationary assets. Games need (1) a balanced economic design so that players keep playing and earning, and (2) enough resource sinks to make them spend. Finally, tokens absolutely need utility to incentivize players to collect." Following on a similar line of thought, when asked about whether P2E games should choose between functionality or fun, the CEO of Shiryo (an NFT trading card game), Jordan Fung said, "Games should be a low barrier to entry with a focus on giving passionate gamers a great experience. It’s community passion that fleshes out the value in games and creates buzz - paywalls do not. If a game is fun they’ll refer it to friends. If a gamer's time is rewarded with fun items or experiences - their time gives it value. With no fun there are no referrals - without a gauge of value there’s no foundation for the price." Keeping Up With the Market Momentum The in-game system ultimately allows players to enjoy the gameplay and then convert their earnings into fiat currency. CEO of FOTA (A Triple-A Metaverse MOBA game), Grey Trinh said, “GameFi is the inevitable trend for the entertainment market, which allows people to own in-game assets and earn from their favorite characters. With Blockchain and Entertainment, a whole new creative economy is to come. However, the gameplay and finance aspects play in an equal manner. It has to make people feel fascinated in the virtual environment so that they can start the economic activities inside the game. In addition to that, GameFi can go above and beyond to find ways to connect with actual high-end fashion brands to promote their NFTs and boost their brand engagement to GenZ gamers, a.k.a fashion brand, users.” Wemade has focused on exactly this for over 20 years by creating games that immerse the players into interactive gameplay, great stories, and impressive graphics. Embedded with blockchain technology, well-made fun games will soon be the norm in the industry. Mr. Chang shared his vision for the gaming industry, he said “Within the next three years, all games will be blockchain games, and Wemade will emerge as an open blockchain game platform”. 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.
10h agocryptodaily
Huobi’s HUSD Becomes Latest Stablecoin To Lose Dollar Peg
The stablecoin market looks like it is some way off from reaching stability, as the list of stablecoins losing their peg grows longer and longer. Huobi’s HUSD stablecoin has now become the latest asset to de-peg from its dollar peg, as its price dropped to a low of $0.84. HUSD Faces Significant Liquidity Issues The HUSD stablecoin, issued by Huobi, is the latest stablecoin facing liquidity issues and having significant problems maintaining its dollar peg. However, it has emerged that the issuer of the stablecoin, Huobi, abandoned the project back in April itself. Despite its now-terminated association with the stablecoin, Huobi has promised to help address HUSD’s liquidity issues and ensure users are not adversely impacted. Data from Coingecko showed the value of the stablecoin declined over 11% in the past 24 hours, dropping to $0.84 before rising to $0.87. Curve also reported that the exchange rate in its HUSD/3Crv pool had dropped to $0.94. CoinMarketCap also showed that the stablecoin had dropped to $0.84. Huobi Issues Statement Huobi issued a statement confirming that the stablecoin issuer, Stablecoin Universal, was indeed experiencing liquidity issues. However, it also clarified that it had exited its stake in Stable Universal in April 2022 and was no longer associated with the project. “We are aware of the current liquidity issues associated with the HUSD stablecoin, which is issued by Stable Universal Limited and built on the Ethereum network. Huobi Global exited its stake in Stable Universal in April 2022. We urge HUSD to address its liquidity issues as soon as possible.” However, Huobi also stated that it would work with the stablecoin issuer and ensure its stability could be restored as soon as possible. “#Huobi has always prioritized the safety of our customer’s assets and will work together with HUSD’s issuer to find a solution and restore its stability as soon as possible.” Paxos Delisting The HUSD stablecoin is a cash-backed stablecoin that Stable Universal Limited issued. The stablecoin is pegged against the US dollar in a 1:1 ratio, with its reserve report indicating that each issued token was backed 100% by cash held in money market accounts. After being launched by Stable Universal Limited in partnership with Huobi and Paxos, over 1.6 billion HUSD tokens were issued, and transactions worth $3 billion were processed. Paxos was the last custodian of the reserves backing the stablecoin. However, since July 2020, Paxos has not announced or given an update about its stablecoin holdings, with HUSD no longer listed as a stablecoin Paxos is providing custody for. FTX had also announced that it would stop accepting the stablecoin as collateral on its platform or treat it as a part of its USD holdings. Stablecoins Under Seige Stablecoins have had a difficult 2022, as their de-pegging has led to a cascading impact on the overall crypto market and left investor confidence significantly shaken. The Terra protocol was central to the crypto market crash, as the TerraUSD, Terra’s algorithmic stablecoin, lost its dollar peg, sending markets into a meltdown, with users and investors losing millions. While founder Do Kwon tried to save the peg, the eventual meltdown set the stage for a crippling crypto market crash that saw almost all major cryptocurrencies tumble. More recently, the AUSD was hacked, with an exploit in the Acala network that saw a 99% drop in the stablecoins value. Hackers infiltrated the network, issuing over 1.2 billion AUSD tokens which saw the token’s value plummet. 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.
12h agocoindesk
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18h agocointelegraph
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1 day agozycrypto
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1 day agocointelegraph
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1 day agocryptopotato
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1 day agocryptopotato
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1 day agocointelegraph
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1 day agocointelegraph
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2 days agocoindesk
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2 days agocoindesk
Token Front-Running Was Common at Coinbase, a New Study Argues
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About Everscale

The live price of Everscale (EVER) today is 0.09238 USD, and with the current circulating supply of Everscale at 1,236,985,575 EVER, its market capitalization stands at 114,272,426 USD. In the last 24 hours EVER price has moved -0.008393 USD or -0.08% while 4,098,768 USD worth of EVER has been traded on various exchanges. The current valuation of EVER puts it at #205 in cryptocurrency rankings based on market capitalization.

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

The Everscale network is a highly developed decentralized ecosystem. It is based on a platform called Ever OS that is capable of processing millions of transactions per second with Turing-complete smart contracts and decentralized user interfaces

Everscale Price0.09238 USD
Market Rank#205
Market Cap114,272,426 USD
24h Volume3,738,408 USD
Circulating Supply1,236,985,575 EVER
Max Supply2,000,000,000 EVER
Yesterday's Market Cap117,006,616 USD
Yesterday's Open / Close0.102989 USD / 0.094596 USD
Yesterday's High / Low0.104469 USD / 0.094434 USD
Yesterday's Change
-0.08% ( 0.008393 USD )
Yesterday's Volume4,098,768.20 USD
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