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0.00001633 BTC
Market Cap (Rank#59)
41,558 BTC
Vol 24h
5,703 BTC
Circulating Supply
Max Supply
21h agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. 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
23h agocryptodaily
Uniglo (GLO) Offers An Amazing Roadmap And Whitepaper That Could Compete With Shiba Inu (SHIB) And Fantom (FTM)

Hidden crypto gems. Small cap crypto projects that go on to become giants in the sphere. Everyone knows the famous Bitcoin pizza story where one man traded 10,000 Bitcoins for two pizzas. Long-term holders of BTC have grown incredibly wealthy, specifically those who bought in prior to 2013. However, as Bitcoin has matured as an asset, its old mania phases have disappeared. The new projects with insane growth potential are all small cap altcoins, and this is where investors must search if they want to find the next hidden crypto gem. Two classic examples are Fantom (FTM), traded at $0.01 at the start of 2021 and hit a peak of $3.40 later that year in November, and Shiba Inu (SHIB), which saw gains of more than 46,000,000% in 2021.A new Ethereum-based protocol called Uniglo could be the next crypto unicorn with an impressive whitepaper and roadmap. This new social currency could outpace both Fantom and Shiba Inu; currently, in its presale, Uniglo has the potential to be a top gainer in 2022. Uniglo (GLO)Uniglo is a community-owned token backed by a treasury. This year has seen inflation soar and massive price volatility in the digital asset sphere. With a choice between fiat with its constantly eroding value or cryptocurrency with huge volatility, investors struggle to find any store of value where they can preserve their wealth. Uniglo builds on the techniques used by the ultra-wealthy for generations, storing wealth in assets, and uses blockchain technology to introduce a new form of currency. The GLO token will have a tangible asset backing with the Uniglo Vault holding a range of digital, real-world, and NFT assets. The Vault will hold stablecoins to protect against volatility, large-cap cryptos such as BTC & ETH to benefit from long-term price appreciation, digitised gold, and as asset tokenisation grows in popularity, more and more real-world collectables. The GLO token represents a treasury that allows investors to preserve their wealth and derive the benefits of asset appreciation. This new token will launch in Q4 later this year, and it could be one of the most exciting launches of 2022. Fantom (FTM)An established player in the DeFi (decentralised finance) ecosystem, Fantom’s mainnet, the Opera Network, is favoured by DeFi enthusiasts and has one of the most colourful ecosystems of any layer one project. This ultra-scalable network quickly powered its way through the rankings in 2021 as more and more investors and developers flocked to the Opera Network.FTM, the native token, currently trades at $0.32, and although the current price is still a great entry point, those lucrative early gains have already disappeared.Shiba Inu (SHIB)Shiba Inu is a token that dominated headlines across the world in 2021. It is a brilliant example of market psychology. SHIB enjoyed a meteoric rise on the back of two events, the rumour that RobinHood would list it and Elon Musk tweeting about the token.SHIB certainly still has potential, but the probability of it making another blistering run like 2021 is low. The early adopters have been rewarded; gains can still be made, but life-changing gains cannot be. Find Out More Here Join Presale: Website: Telegram: Discord: Twitter: 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
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state. In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live. Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others. The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services. The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers. All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page About Bware Labs The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption. Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space. Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects. Website: About Blast, the blockchain API platform powered by Bware Labs As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps. Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains. Website: 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
Uniglo (GLO), Fantom (FTM) And Polygon (MATIC) Are The Perfect Start For Novice Crypto Enthusiasts
The current price of digital assets represents a great entry point for new investors, and existing investors should be leveraging current prices to bring down their average buy cost. With a change in market sentiment brewing, investors who want to profit in the next bull cycle should start buying now. This article features three crypto projects, Uniglo (GLO), Fantom (FTM), and Polygon (MATIC), which are perfect for novice crypto enthusiasts looking to get involved in the space. Uniglo (GLO)Uniglo is a perfect choice for novice investors. GLO, the native token, has been designed as a new and improved social currency, returning to a provable base of value and scarcity principles. Uniglo is the first protocol to introduce an Ultra Burn Mechanism: 2% of every trade on GLO will be sent to the Uniglo Abyss, a burn wallet, and on top of this, assets held in the Uniglo Vault will be sold at intervals, and a portion of the profits will be used for the Buy Back and Burn of GLO from the open market. This hyper-deflationary token leverages scarcity to increase its value, with basic principles of supply and demand dictating that as total supply decreases, the price naturally rises. The Uniglo Vault holds a collection of digital, real-world, and NFT assets, which give GLO a value-backed floor price whilst hedging against market volatility. This single token represents exposure to a broad range of assets and is the perfect long-term hold for novices and experts alike. Fantom (FTM)For novice crypto enthusiasts who want to begin dabbling in the world of DeFi (decentralised finance), FTM, the native token of the Opera Network, Fantom’s mainnet, is a perfect place to start. Thanks to the forward-thinking management of the Fantom Foundation, the Fantom ecosystem has attracted several of the best developers within DeFi by directly rewarding them for building on the network. SpookySwap is the premiere DEX (decentralised exchange) and an excellent place for investors to begin yield farming with plenty of opportunities to create LP (liquidity provider) tokens and earn trading fees. FTM trades at $0.32, down from its prior ATH (All-Time High) of $3.40 and is a great choice for novice crypto enthusiasts. Polygon (MATIC)Polygon is a layer two scaling solution built on top of the Ethereum network that brings scalability to the largest ecosystem within DeFi. Polygon launched in 2017, and its PoS (Proof of Stake) sidechain takes transactions off the Ethereum mainchain, executes the transactions, and then reports back to the main chain.MATIC trades at $0.85 and has seen explosive growth in the past month. With the continued development of the Ethereum ecosystem and the constantly growing need for greater throughput, MATIC is positioned well to appreciate. Making it another excellent choice for novice crypto enthusiasts. Find Out More Here Join Presale: Website: Telegram: Discord: Twitter: 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
4 days agocryptodaily
Mega DeFi Projects To Invest In During 2022: Gnox (GNOX), Fantom (FTM) And Pancakeswap (CAKE)
Regardless of prevailing market conditions, DeFi (decentralised finance) continues to swell with more projects being released every day, and the current projects adding new utility. DeFi currently represents a haven for investors; with the current price of crypt assets, not only are they generating yields, but those yields will soar in value in the coming months. This article features three crypto projects heavily active in the DeFi space and ready to explode in value. Gnox (GNOX) Gnox is a protocol offering yield farming as a service and has created a single investment vehicle for DeFi exposure. The developers have called this stratagem Hold To Earn and brought much-needed simplicity to the rapidly evolving landscape. Securing yields in DeFi is possible; however, ensuring long-lasting and profitable yields is highly difficult with the constant flux in the sphere meaning investors must constantly monitor and adjust their holdings. Gnox has built a treasury to earn for investors, funded via buy and sell taxes; this treasury is doing all the hard work for investors. Deployed in battle-tested DeFi protocols all the generated proceeds are swapped into stablecoin each month and split amongst GNOX holders. Gnox has entered its final presale stage. When this token launches on the open market and trading activity begins, the treasury will steadily accumulate and increase its yield-generating potential. When investors begin to receive stablecoin reflections and realise the passive income machine Gnox is, the desirability and thus the price of GNOX will soar. Fantom (FTM)The Fantom Network was launched in 2018 and has quickly become one of the most exciting chains for all things DeFi. The Fantom Incentive programme directly rewarded investors who built protocols that managed to reach certain liquidity thresholds, and as a result, developers migrated in mass to build on the network. This long-term effect has been the creation of one of the most organic and versatile ecosystems within crypto. A DeFi mainstay, the Tomb Finance protocol, lives on the Fantom chain and has recently built a layer two scaling solution on top of the already rapid Fantom network known as Tomb Chain. SpookySwap is the network's most popular DEX (decentralised exchange) and another great earning opportunity for investors. The potential of the Fantom ecosystem is nearly limitless, and the network has rightfully earnt its moniker: ‘The Unnoficial King of DeFi.’PancakeSwap (CAKE)PancakeSwap is ranked eighth by TVL (Total Value Locked) and is a giant within the sphere of DeFi. Any DeFi investor has visited this food-themed DEX (decentralised exchange) and seen all the earning opportunities. CAKE is the rewards token of the protocol and is used to incentivise users to provide liquidity to the platform. CAKE now trades at $3.27 and can single staked on PancakeSwap. If investors choose to lock their stake, they can earn 83% APR; with the current price of CAKE, this is one of the simplest and best plays within DeFi. Set to target its prior ATH (All-Time High) of $44 in the next bull market cycle. Investors earning CAKE now are locking in enormous future profits. Find Out More Here: Join Presale: Website: Telegram: Discord: Twitter: 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
6 days agocryptodaily
Uniglo (GLO) Is Getting Praise From Ethereum (ETH) And Fantom's (FTM) Early Investors As They Join Presale
As demand for digital assets grows, so does enthusiasm for new projects. This is undoubtedly the case with Ethereum (ETH) and Fantom (FTM), which have seen their prices surge in recent weeks. Some of the early investors in these projects are turning their attention to Uniglo (GLO). Why? Uniglo (GLO) Uniglo is a community-based social currency platform that promises to be scalable and easy to use. The project has already attracted much-needed attention from the crypto community, and the early investors seem particularly excited about it. Besides adopting an ultra-burn mechanism that continuously limits the supply and causes the price surge, Uniglo's community-based approach to its currency is the reason for this praise. Rather than being controlled by a central bank or other financial institution, Uniglo is controlled by its community of users. This decentralized approach to digital currency has attracted investors from Ethereum and Fantom, two of the most popular cryptocurrencies that followed similar paths in the past. Uniglo's community-based approach also allows for more transparency than traditional fiat currencies. All transactions made with Uniglo are recorded on a public blockchain, meaning anyone can see where GLO is being sent and received. This level of transparency is impossible with fiat currencies, which are often managed by central banks that operate in secrecy. Uniglo will use the Ethereum blockchain to provide customers with a safe and trustless platform. A distributed ledger enables safe, open, and unchangeable transactions. This makes it a perfect platform for Uniglo to employ its digital currency. Therefore, users won't have to put faith in a third party or worry about the security of GLOs since they just released the KYC verification that Coinsult supplied. These factors have made Uniglo very attractive to early investors of Ethereum and Fantom. With its growing popularity, Uniglo will likely continue to attract more investment as time goes on. Ethereum (ETH) And Fantom (FTM) Overview Ethereum is the second-largest blockchain platform by market capitalization, and it boasts a massive ecosystem of developers building decentralized applications (dApps) on its network. One of Ethereum’s key selling points is its smart contract functionality, which allows developers to create programmable digital contracts that can be used to automate processes or transactions. Fantom is a relatively new entrant to the scene, but it has quickly made a name for itself with its innovative consensus mechanism called Opera Chain. This enables Fantom to process around 10,000 transactions per second, much faster than Ethereum’s current rate of around 15 transactions per second. In addition, Fantom also plans to launch its own mainnet later this year, which could further increase the platform's adoption. So, what does the future hold for these two blockchain giants? Well, both Ethereum and Fantom are paving the way for the mass adoption of blockchain technology. With their respective ecosystems growing rapidly, we will likely see more real-world use cases for both platforms soon. Uniglo's First Presale Round Is Live It’s still early days for Uniglo, but the project has already made a big impression on some of the most influential investors in Ethereum and Fantom. If Uniglo can continue to garner this level of support, then there’s no reason why it couldn’t become one of the leading smart contract platforms in the space. Uniglo has opened its first presale round and will close it on August 15th. The funds collected will be used to develop the platform and expand its user base. For More About Uniglo: Join Presale: Website: Telegram: Discord: Twitter: 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
7 days agocointelegraph
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks.
7 days agocoindesk
Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities
The toolkits will initially be offered on Ethereum, Polygon, BNB Chain, Avalanche and Fantom networks.
7 days agocryptodaily
Hector Network Presents to Users an Continuously Evolving Ecosystem
The world of crypto and blockchain can seem complex and volatile at first, but the potential it holds becomes evident almost as soon as someone does their research and gets involved. The market has seen exponential growth over the last few years, but individual success often depends on finding the right platform. Hector was conceived in order to help users to overcome the intricacies of the industry and to provide them with a wide range of opportunities. Their growth has been so exponential that they have recently rebranded to Hector Network to better reflect the elaborate ecosystem they’ve built and to communicate their ambition to create a platform that a system that is sustainable to users right now and into the future. Developed on the Fantom Opera Chain, Hector Network provides a seamless experience to users. Fantom allows verification of transactions quickly and at low transaction fees, which was important to the founders. It is also compatible with Ethereum Virtual Machine (EVM), which enables Hector Network to employ the tools and contracts from the Ethereum blockchain to benefit their community. About the Hector Network Ecosystem Hector Network comprises several projects, each exploring a different domain of the crypto space and offering a wide variety of opportunities to users. You may be wondering regarding the soccer turf graphic. This is due to their upcoming partnership with one of the biggest football clubs in the world. It would open a plethora of opportunities for Hector Network and boost its plan of occupying the space. The deal is in its final stages, with the name of the club to be released soon. As for now, Hector Network has confirmed that once the partnership goes public, it can reach out to millions of clients across the globe. The first part of Hector Network is $TOR, one of the two coins on the platform. $TOR is a stablecoin, and as is the case with these, it is pegged to USD, meaning 1 $TOR = $1. To ensure the stability of $TOR and keep the peg intact, Hector Network has employed the simple principle of supply and demand. Suppose the value of $TOR falls below $1. In that case, users will start acquiring more of $TOR coins to capitalize on the opportunity, thus automatically increasing its demand and value until the $1 peg is reached. It is a simple and effective technique that has worked for ages in all domains. Then comes the NFT marketplace, Atlantica, a cross-chain project starting first on the Fantom Opera Chain. It will offer numerous collections of digital art to users and inspire creativity amongst those who design the NFTs. Hector Network will also have its own collection, The Mythos Collection, comprising 16 artworks and a total of 10,000 NFTs, with five levels of rarity. Additionally there are rewards for those holding Mythos NFTs through the “Fantom Giveaway” and further benefits within their Ecosystem, as well as utility inside The OIKOS, their in-development Metaverse with Catheon Gaming! The OIKOS will integrate the various components of Hector's ecosystem. Players will get to interact with each other inside the Metaverse, along with benefiting from options for advertising, real estate, and education. Hector Network plans to create a Metaverse that changes the way people presently look at it. Also under development is Hector Launch, which will act as a launchpad for smaller projects on the platform. Hector Network will aid the best of the projects and help them overcome the intricacies and challenges of the market to succeed and make it big in the long run. And there’s a lot more to the Hector Network ecosystem, projects that will revolutionize the crypto space, protocols and features that offer rewards, and contracts that ensure stability. To find out more about Hector Network, visit the official website: Also, follow Hector Network on all social and other channels to stay updated with the recent developments and releases. Telegram: Twitter: Discord: Instagram: Medium: GitHub: Telegram Announcement: 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
8 days agocryptodaily
Degrain (DGRN), Solana (SOL), and Fantom (FTM): Three Cryptocurrencies that Can Make You a Crypto Whale in the Next Bull Run
Whales are not gods or men with infinite IQ; they were once regular investors who, at some point or the other, found themselves well positioned to profit from some of their financial moves. For example, a person who bought Ethereum when it was at $300 would have seen substantial gains when the token surged past the $4000 mark. And depending on how much such a person accumulated before the pump, their transactions on the chain may be able to move the market. Ethereum came a long time ago, and many missed it at the initial stages; however, we have brought you news of three coins that can help you achieve whale status in the next positive market cycle. Their names? Degrain (DGRN), Solana (SOL), and Fantom (FTM). Solana (SOL): Will its cult-like following see substantial gains again? Solana (SOL) is an open-source platform that uses blockchain technology to offer decentralized finance solutions. Work on it started in 2017 but did not launch officially until 2021. Solana (SOL) is a favorite among minor traders and institutional investors, thanks to its scalability and modelling; however, it has also suffered in the bear market. Solana (SOL) is currently at $39, which is more than 80% lower than its all-time high of $260. Despite that, analysts have said that Solana (SOL) will rally for an intense pump later this year, so we may see an increase in value even if it may not beat that all time. Fantom (FTM): To buy the dip? Like Solana (SOL), Fantom (FTM) is a smart contract platform providing decentralized finance services to developers. In 2021, Fantom (FTM) stunned investors by skyrocketing in value throughout August 2021, reaching its all-time high of $3.48 later that October. However, since then, Fantom (FTM) coin has cooled off, and with the current bear market the ecosystem is in, it has seen a considerable dip. Currently, the Fantom (FTM) token is down more than 90% from its all-time high; however, investors who still see a lot of potential are telling everyone to buy the dip as the Fantom (FTM) token is almost guaranteed to improve in the following market cycle. Degrain (DGRN): A waking giant Degrain aims to be the pioneer cross-chain NFT marketplace in the world with plans to do business with real-world companies, and also share of the platform revenue with token stakers. The project debuted their presale on July 7th, reaching 11 million sales in the first 60 seconds. Not only that, the first presale phase sold out two weeks early and it is currently in the second presale phase, and the price is $0.05 and climbing. Analysts believe that the Degrain token, DGRN, could potentially see a 8,000% price increase by the end of 2022. We certainly believe that it could be the investment of the year, if not the decade. Website: Presale: Telegram: Twitter: 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.
9 days agocryptodaily
Why Solana (SOL), Fantom (FTM), and Degrain (DGRN) Are the Best Coins to Buy in This Bear Market
The current state of the crypto market has dealt severely with the price of many tokens and dampened the morale of investors so that the general sentiment has become one of extreme caution. Nevertheless, true traders and investors know that the fortune that comes during the bull market is usually a result of actions taken in the bear cycle. This is why many have their eyes on Solana (SOL), Fantom (FTM), and Degrain (DGRN); three coins with the potential to make investors more than a 100x gain. Solana (SOL): Has a lot of potential for growth Solana (SOL) has grown in popularity over the past couple of years, and for good reason. The Solana (SOL) network offers a high TPS, great speed, and adequate scalability, which encourages builders to set down roots on the blockchain. Solana hit its all-time high in November 2021, and despite the vicious bear market, it has continued to perform excellently compared to some other coins. Investors see a lot of leg space for growth in both the DEFI and NFT sectors on the blockchain and have been betting on Solana (SOL) climbing back to $260 and then surpassing it in a few months or years. Fantom (FTM): A defi-friendly network Fantom (FTM) is a smart contract platform that provides decentralized finance services to builders using its customized algorithm. With its native token FTM, Fantom aims to eliminate issues linked with smart contract platforms, especially speed. It currently has a daily trading volume of $256,381,602. Fantom (FTM) is ranked #58 on CoinMarketCap but remains a popular and viable choice among developers, and many believe that the Fantom (FTM) token value will rally upwards as soon as the bull cycle begins. Degrain (DGRN): Can its token 80x? Compared to Fantom (FTM) and Solana (SOL), Degrain (DGRN) is very young. The platform aims to be the first cross-chain NFT marketplace in the world and promises investors to share platform revenue. Degrain (DGRN) is on that path, and investors are bullish - having completed its audit with flying colors. The DGRN token’s first presale phase began on July 7th, with 11 million sales in the first 60 seconds, and since then, the value has been moving upwards despite the bear market. The second presale phase started two weeks early, and the price of the Degrain (DGRN) token has increased to $0.06, experts believe that it could see an increase of 8,000%. We certainly think it could be the best investment in 2022. Website: Presale: Telegram: Twitter: 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.
10 days agocryptodaily
Uniglo (GLO) KYC Influences Investors To Contribute To Their Presale Following The Steps Of Cardano (ADA) & Fantom (FTM)
Picking up a cryptocurrency while it's still in pre-sale can be a massive deal. You get the chance to invest in a project while it's still in very early stages, hopefully before it goes on to stratospheric gains. While some crypto projects don't always rise that much at this time, there's one that's been performing extremely well, and analysts think is setting itself up for a huge future: Uniglo. Just imagine if you had the chance to invest in the likes of ETH, BTC, SHIB or DOGE while they were still in pre-sale. You could be lining up your next Lambo purchase by now. Well with GLO, you get the opportunity to get involved with a cryptocurrency from the ground up, hopefully all the way up to the top. Experts think it could have the potential to rival the likes of Cardano (ADA) or Fantom (FTM) as one of the main players in the altcoin market. Why is GLO getting such high praise? Let's have a look... Uniglo's recent KYC certification helps increase pre-sale following Alongside a huge raft of high-end technology and unique answers to problems in the currency world, Uniglo (GLO) recently completed full KYC certification. Security is important in the crypto world, so this now gives investors even more peace of mind that their money is in a secure place. And alongside next-level security features, some of the real security in GLO is because of its price security. Fully backed by a range of assets stored in GLO's vault, the system offers a true gold standard in the financial world. Assets are completely diversified and not reliant on the performance of BTC or any single product. Some of these stored assets even include real world gold. This provides a strong and stable backing, and a secure store of value that fiat currencies lost when they scrapped the gold standard. Glo will continue to become more scarce over time, thanks to incredible dual-burn mechanics. This reduces supply and makes the potential for solid growth for GLO very strong. It's also a currency people can actually use and have faith isn't going to pump or dump. That's why analysts love GLO right now. What about Cardano and Fantom? Cardano and Fantom are both two of the more established altcoins, but GLO has the potential to reach and surpass them. Both Fantom and Cardano offer a range of passive earning potential and a number of solutions for both holders and blockchain developers. They're key parts of the crypto space, and some argue now is the time to increase your investments in them as they're arguably available at a discount. Conclusion GLO is gaining more momentum in pre-sale, especially thanks to KYC certification. It solves key issues in the financial world, and could go on to rival Cardano and Fantom in the altcoin charts. Find Out More Here: Join Presale: Website: Telegram: Discord: Twitter: 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
13 days agocoindesk
Fantom to Fund Ecosystem Projects Using Portion of Burn Fees
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38 days agocryptopotato
DNS Hijack Compromised Ankr’s Services for Polygon and Fantom
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39 days agocoindesk
Two Polygon, Fantom Front-Ends Hit by DNS Attack
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41 day agocoindesk
Chainlink’s Smart Contract Products Go Live on Fantom
Two protocols, Keepers and VRF, will allow developers to deploy more sophisticated applications on the Fantom network.
49 days agonulltx
Web3 Delight Lagos – Breaking Barriers to Pave the Way for the Digital Future
Lagos, Nigeria – SwiftMotion Media, a fully capitalized micro-VC, an investment arm of the UAE-based management consultancy Agile Dynamics, presents Web3 Delight Lagos. This in-person and online event takes place on July 29th, 2022, featuring speakers from Ecuador and Mexico, the US and Russia to Serbia, and the United Arab Emirates to South Korea. SwiftMotion […] The post Web3 Delight Lagos – Breaking Barriers to Pave the Way for the Digital Future appeared first on NullTX.
78 days agocoindesk
Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed
Bitcoin (BTC) tumbled later in the New York trading day, while alts were mixed and Fantom's FTM rallied. Will a peak in the U.S. dollar offer relief for bitcoin?
78 days agocointelegraph
fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.
78 days agocoindesk
First Mover Americas: Fantom Surges 20% as Sparkster Questions Fly
The latest moves in crypto markets in context for May 23,2022.
85 days agocoindesk
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.
99 days agocryptosrus
Three Hot Altcoins For The Week Of May 2nd
As the market continues to not know what it wants to be when it grows up, these three coins are looking good.  Covered: Fantom (FTM) Helium (HNT) Loopring (LRC) Fantom (FTM) By checking the $FTM chart it looks like it is getting ready to pump. BTC is trying to stop it, but nevertheless, I’ve set […] The post Three Hot Altcoins For The Week Of May 2nd appeared first on CryptosRus.
100 days agocryptopotato
Pocket Network Adds Abundant Bandwidth to Fantom Blockchain
[PRESS RELEASE – Tampa, United States, 28th April 2022] Fantom and Pocket node runners can now earn POKT for servicing Fantom traffic from applications, tools, services, and protocols Pocket Network, a relay infrastructure middleware protocol that provides limitless blockchain bandwidth from a globally distributed network of 44k+ full nodes to applications in Web3 across 45 […]
104 days agocoindesk
How Deus Finance Was Exploited for $13.4M on Fantom
The attack, which used a flash loan, follows a March exploit that netted $3 million.

About Fantom

The live price of Fantom (FTM) today is 0.37784 USD, and with the current circulating supply of Fantom at 2,545,006,273 FTM, its market capitalization stands at 961,603,909 USD. In the last 24 hours FTM price has moved -0.006236 USD or -0.02% while 133,611,544 USD worth of FTM has been traded on various exchanges. The current valuation of FTM puts it at #59 in cryptocurrency rankings based on market capitalization.

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

The Fantom Foundation, which created the Fantom network, was established in 2018 by South Korean computer scientist Ahn Byung Ik. Fantom Opera, the network’s mainnet, was launched in December 2019, with Fantom (FTM) as its native token. It was designed to be an open-source, permissionless blockchain and was launched as an alternative to Ethereum.

Fantom not only rivals Ethereum’s smart contract capabilities but also offers more efficiency — it can handle thousands of transactions per second with the cost of transactions being a fraction of a cent. Therefore, the speed and efficiency of Fantom make it more scalable at a lower cost than Ethereum. Currently, its focus is on three main aspects - scalability, security and decentralization. 

At the heart of the Fantom network lies the FTM coin, which can be used for payments, transaction fees, staking, and on-chain governance. The current leadership of the Fantom Foundation includes CEO Michael Kong and CTO Quan Nguyen. Until early 2022, popular crypto figures, Andre Cronje and Anton Nell were also associated with FTM.

FTM price 

The price of FTM in USD terms did not see any major movements until it rose roughly 5,000% between Jan. 1 - Feb. 25, 2021, going from around $0.016 to over $0.87.

In May of the same year, FTM price climbed above $0.90, but the major growth spurt came in October when it set an all-time high price of $3.48.

However, news of Andre Cronje and senior solutions architect Anton Nell leaving FTM and the crypto space in Q1 2022 caused panic and led to the price of FTM dropping to almost $1. FTM's market cap consequently dwindled to $2.76 billion.

Since then, the Fantom Foundation has assured market participants of continued development and growth, and FTM's price has somewhat recovered. Future price movements of FTM are going to be linked to the network's adoption and growth of its DeFi ecosystem.

How FTM works

The Fantom network uses a combination of proof-of-stake (PoS) and Asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanisms, also known as the Lachesis consensus mechanism. According to the Fantom Foundation, its consensus mechanism is faster, more scalable, modular and more secure than others. 

The Lachesis consensus mechanism is asynchronous, meaning network data can be processed at different times. The aBFT process ensures that the network can tolerate up to two-thirds of its nodes being faulty or malicious without any negative impact. Additionally, in the aBFT process, every node can reach consensus independently and nodes do not need to exchange finalized blocks. Since there is no ‘leader’ node responsible for creating blocks, it boosts transaction speed and security on the Fantom network. Typically, FTM transactions are finalized within 1-2 seconds.

Built with FTM’s software development kit, Fantom Opera’s main use case is to host decentralized applications (dApps) on the network, which operate on their own specific blockchains linked to Opera.

FTM news, updates and highlights

In June 2018, Fantom Foundation raised $40 million to fund the development of the network. By April 2021, it had bagged an additional $15 million

Since its launch, Fantom has undertaken several projects. In 2020, for instance, it undertook a pilot project in Afghanistan to use blockchain to track the movement of medicinal drugs through the supply chain.

It has also dedicated significant resources to developing its DeFi ecosystem. For instance, in 2021, the foundation committed around $314 million worth of FTM tokens to an incentive program for attracting DeFi platforms. 

In March 2022, the announcement of Cronje and Anton Nell, a senior solutions architect at Fantom Foundation, leaving the crypto world sent FTM price crashing according to our live FTM price chart. Cronje’s departure created chaos as Nell included Fantom in the list of around 25 apps and services that he and Cronje were "terminating". 

However, the foundation released a statement clarifying that Nell and Cronje were not core developers of Fantom. The foundation noted that Andre Cronje was an advisor for FTM and helped set up a team of developers who will continue to work on the project.

Frequently asked questions about FTM

  • Can you mine or stake FTM?

FTM coins cannot be mined since the blockchain uses the Lachesis consensus mechanism, which does not involve mining, unlike proof-of-work (PoW). However, if you own FTM tokens, you can stake them for rewards in exchange for validating transactions in FTM's leaderless proof-of-stake model.

  • What are some of the best FTM wallets?

FTM can be stored in Fantom’s official wallet, fWallet,  MetaMask, and Trust Wallet, as well as hardware wallets like Ledger and Trezor, among others. You can also store them on exchange wallets like the Coinbase and OKX wallets.

  • What can you do with FTM?

FTM holders can use their assets to pay for network fees, stake them to help secure the network by validating transactions, and make payments. FTM can also be used for on-chain governance, meaning token holders can use their assets to vote on policy changes or improvements.

  • How to buy FTM?

You can buy FTM by exchanging your BTC, ETH, or USDT tokens with FTM on exchanges like HitBTC and decentralized exchanges like SushiSwap, or buy it using fiat currency on exchanges like Nexo. 

Fantom Price0.37784 USD
Market Rank#59
Market Cap961,603,909 USD
24h Volume131,961,761 USD
Circulating Supply2,545,006,273 FTM
Max Supply3,175,000,000 FTM
Yesterday's Market Cap949,347,460 USD
Yesterday's Open / Close0.37926 USD / 0.373024 USD
Yesterday's High / Low0.39332 USD / 0.354922 USD
Yesterday's Change
-0.02% ( 0.006236 USD )
Yesterday's Volume133,611,544 USD
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