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FLEX(FLEX)

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Market Cap (Rank#0)
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? BTC
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? BTC
Circulating Supply
98,664,938.70
Max Supply
100,000,000
17 days agozycrypto
‪GoDaddy taps Ethereum Name Services to enable users to connect domain and ENS names
GoDaddy, a leading hosting and domain company, has partnered with Ethereum Name Services, a domain naming system built on the Ethereum blockchain to aid ENS users in creating flexible domain and ENS names.
19 days agocryptodaily
Crypto 101: DeeStream (DST) Flexes in Presale, Litecoin (LTC) Dips, Ethereum Classic (ETC) Marches On
Crypto markets are readying themselves for the impact of the scheduled Bitcoin (BTC) halving event later in 2024.
23 days agocryptopotato
3AC Founders’ OPNX Exchange to Shut Down, FLEX and OX Prices Tank
The crypto exchange launched by the founders of bankrupt crypto hedge fund Three Arrows Capital (3AC) is closing down.
32 days agocryptopotato
Borderless Capital Leads $1.5M Seed Round For Synonym Finance to Deliver Robust, Flexible Cross-Chain DeFi Lending
[PRESS RELEASE – Toronto, Canada, January 24th, 2024] Oversubscribed Round With Top Blockchain VCs Included Robot Ventures, Big Brain Capital & Veris Ventures Synonym Finance, a cross-chain lending platform, today announced its oversubscribed seed round funding round totalling $1.5 million. The raise was led by Borderless Capital, a leading Web3-native investment manager with focus on […]
32 days agocryptodaily
Borderless Capital Leads $1.5M Seed Round For Synonym Finance to Deliver Robust, Flexible Cross-Chain DeFi Lending
Borderless Capital Leads $1.5M Seed Round For Synonym Finance to Deliver Robust, Flexible Cross-Chain DeFi Lending
46 days agocryptodaily
Blockchain Association Responds to Sen. Warren’s Scrutiny of Crypto Hires
Members of the Blockchain Association responded to a letter sent to them by Senator Elizabeth Warren in December. Sen. Warren accused the association and other industry groups of “flexing a not-so-secret weapon” of former defence and law enforcement officials being hired to undermine Congressional efforts to address crypto’s alleged role in terrorist financing.
48 days agocoindesk
Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets
Friday's payrolls will likely compel the Fed to maintain flexibility in its policy decisions going forward, one observer said.
94 days agocointelegraph
CoinFLEX creditors dissatisfied with restructuring to OPNX: Report
CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.
100 days agonulltx
Bitcoin Takes The Lead In Transaction Fees, Beating Ethereum After Three Years
In a surprising twist, Bitcoin has reclaimed its top spot for daily transaction fees, leaving Ethereum behind after a three-year stint as the fee frontrunner. Ethereum’s charm lay in its flexible blockchain tech, giving rise to a plethora of decentralized apps (dApps) and spiking transaction fees, especially in the realms of non-fungible tokens (NFTs) and […]
100 days agocryptopotato
Gondi Launches V2, Unlocking a New Era of NFT Lending
[PRESS RELEASE – New York, USA, November 17th, 2023] New features include ‘Buy Now Pay Later’, ‘Sell and Repay’, ‘Refinance Lockups’, ‘Flexible Principal’,’Gondi Vaults’, ‘Loan Extensions’, and ‘Flash Actions’ NFT lending protocol Gondi launched V2 of its protocol on November 16th, 2023, providing lenders and borrowers with expanded credit options and increased capital efficiency across […]
102 days agocryptopotato
A New, AI-driven Crypto Exchange Offers Payment Flexibility, Exclusive Benefits and Significant Earning Potential
[PRESS RELEASE – Madeira, Portugal, November 15th, 2023] Chabit aims to integrate cutting-edge technology and real-world applications in a new crypto platform and app, which are currently in development. The simple, guided interface will make app usage a daily habit. Chabit app uses The app will offer two simple interface options: one catering to complete crypto […]
102 days agocryptodaily
A New, AI-driven Crypto Exchange Offers Payment Flexibility, Exclusive Benefits and Significant Earning Potential
A New, AI-driven Crypto Exchange Offers Payment Flexibility, Exclusive Benefits and Significant Earning Potential
104 days agocoindesk
Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest
While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule as it's still being written.
111 days agocoindesk
Roger Ver Seeks Winding Up of Matrixport in Seychelles Lawsuit
The investor launched a suit last year in Seychelles against Matrixport's subsidiary Smart Vega, which runs Bit.com, for confiscating $8 million, which he says Jihan Wu is keeping because Wu blames him for the collapse of CoinFLEX.
123 days agocoindesk
Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'
CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.
123 days agocryptopotato
Bavarsis: Redefining Investment in the Modern Age
[PRESS RELEASE – SYDNEY, New South Wales, October 25th, 2023] In the dynamic landscape of modern investment, Bavarsis stands as a beacon of innovation and opportunity. This company is not just user-friendly; it combines the power of Artificial Intelligence (AI) and trading bots to enable lightning-fast arbitrage trading, offers a flexible approach, a wide array […]
159 days agocointelegraph
OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report
The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.”
179 days agocryptodaily
The King of All Markets: Liquidity
Introduction If financial markets are an ocean, then liquidity is the water. Although definitions of liquidity vary between the availability of cash and the cash itself, one thing is for certain; just as an ocean cannot exist without water, a market cannot function without liquidity. Meanwhile, the flow of liquidity between markets can make or break them. Furthermore, the liquidity of a particular asset, cryptocurrency for example, is an important indicator of their viability as well as an essential element of their tradability. Thus, in financial markets, liquidity truly is king! Understanding Markets: Why Liquidity is King Before jumping into its importance, let us define the concept. Liquidity, in its most fundamental sense, refers to the ease with which an asset can be bought or sold in the market. This tradability often correlates with the availability of the asset and is therefore conflated with the relative quantity of the asset itself. Accordingly, liquidity is discussed in relation to an individual or group allocating their funds to an opportunity in addition to the liquidity of an asset or market itself. Nevertheless, liquidity in both forms is critical, with its importance having been recognised by numerous economists and financial theorists throughout history. For instance, Nobel laureate Eugene Fama highlighted liquidity's role in ensuring that asset prices fully reflect all available information, as stated in his Efficient Market Hypothesis. The concept of liquidity is multifaceted, encompassing aspects such as market depth, immediacy, and tightness. Market depth refers to the exchange’s ability to handle large orders without significant price changes that occur following a trade, known as slippage. Immediacy is the speed at which orders can be executed. Finally, tightness refers to the spread between the bid (purchase) and ask (sale) prices. A market is considered highly liquid if it possesses depth, immediacy, and tight spreads in the order book, allowing for efficient price discovery and minimal transaction costs. In the burgeoning world of decentralised finance (DeFi), liquidity takes on a newfound importance. Liquidity in these markets is often provided by liquidity providers (LPs) who pool their assets in smart contracts. These liquidity pools are used to facilitate trading activities on decentralised exchanges (DEXs), with LPs earning fees in return. The concept of Automated Market Makers (AMMs), pioneered by platforms like Uniswap, hinges on this principle of liquidity provision. The importance of liquidity in these markets cannot be overstated. It is the cornerstone upon which the promise of DeFi - a truly open, inclusive, and efficient financial system - is built. The Role of Liquidity in Driving DeFi Innovation The management of liquidity and the maximisation of capital efficiency have been pivotal in driving the continued innovation of DEXs in the DeFi landscape. As the backbone of DeFi, DEXs have had to constantly evolve and adapt to the challenges posed by the unique characteristics of the crypto market, particularly its volatility and the fragmentation of liquidity. The quest for efficient liquidity management and capital utilisation has led to the development of novel mechanisms and protocols. Uniswap, one of the pioneers of the AMM model, serves as a prime example of this liquidity-driven innovation In its initial iteration, Uniswap V1, the platform introduced the concept of liquidity pools, where users could deposit equal values of ETH and any Ethereum Request for Comment 20 standard token (ERC-20) to create a market. While this model was revolutionary, it had its limitations, particularly in terms of capital efficiency. The 50/50 liquidity provision requirement meant that capital was often underutilised, especially for pairs with significant price disparity. In response to this, Uniswap V2 introduced several improvements, including the ability to create direct pairs between any two ERC-20 tokens, thereby improving capital efficiency. However, the most significant leap came with Uniswap V3, which introduced concentrated liquidity. This feature allows liquidity providers to specify price ranges for their liquidity, thereby maximising capital efficiency. Using this model, LPs can provide liquidity only at price levels where they anticipate trading activity, ensuring they are constantly making use of the liquidity in pools. This innovation has not only improved capital efficiency but reduced slippage, benefiting traders. The evolution of Uniswap and the broader DeFi landscape underscores the critical role of liquidity management and capital efficiency in driving innovation. As the DeFi space continues to mature, the quest for improved liquidity and capital utilisation will undoubtedly continue to shape its trajectory. From the development of more sophisticated AMM models to the integration of cross-chain and layer 2 solutions, the pursuit of liquidity and capital efficiency will remain at the forefront of DeFi innovation. The role of liquidity in driving DeFi innovation is not only significant yet concurrently transformative, shaping the future of finance in profound and novel ways. Taking the Next Step with Elektrik Despite the progress made by protocols such as Uniswap V3, liquidity in web3 is still critically underutilised. While DeFi boasts a number of protocols that offer high levels of capital efficiency, the relatively small amount of liquidity present in the market often causes issues, particularly as it pertains to the cold start problem. At its core, the cold start problem refers to the challenge of launching a new product or service in a market where network effects are prevalent. In such markets, the value of the product or service increases with the number of users, creating a virtuous cycle of growth. However, this also means that when a product or service is first launched, it has little to no value as there are no users yet. Subsequently, at a fundamental level, the cold-start problem can be understood through a question - in an environment where users extract value from the existence of other users, why would the initial wave of users remain in the environment? This problem is faced not only by newly minted protocols aiming to facilitate the liquidity of their own token, but also newly created DEXs looking to establish a base of liquidity providers for trading. Without this base, tokens would be untradable and the DEX would subsequently be rendered ineffective. Hence, the importance of implementing effective measures to foster the highest level of capital efficiency possible becomes clear, DEXs are seeking to overcome the cold-start problem with as little liquidity as possible whereby traders always face a positive experience. Elektrik is one such DEX looking to solve this problem, implementing effective capital efficiency measures to facilitate high volume trading from its inception. Incidentally, this necessitates the adoption of novel and creative mechanisms to attract LPs and manipulate liquidity so that it is always available where needed. While traditional DEXs, such as Uniswap, have taken strides in this regard, Elektrik represents a new wave of DeFi protocols that can achieve more with less liquidity. How Does Elektrik Work? Elektrik is a DEX protocol built on the Lightlink Network. In its first iteration, Elektrik V1, the DEX plans to implement itself as a fork of the revolutionary Uniswap V3 architecture. As a fork of Uniswap V3, Elektrik carries forward the proven AMM model, enhancing it with the unique capabilities and features of the Lightlink network. This AMM model allows users to trade directly with the smart contract on the platform. Users can also become LPs by depositing assets into the liquidity pools and earn fees from the trading activity. This design is intended to provide efficient and flexible trading opportunities for all users. The protocol is built on Lightlink, a layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT, and Gaming applications. By harnessing the power of the Lightlink network, Elektrik is able to offer an efficient and seamless trading experience for its users. Most importantly, Lightlink offers a unique feature referred to as ‘enterprise mode’ which allows organisations to pay a monthly fee, covering its users’ gas costs, to simplify users' experiences when transacting with ERC20 and ERC721 smart contracts, effectively bypassing native gas costs. This feature, combined with Lightlink's low transaction fees and high speed, provides Elektrik with a significant advantage over other DEXs built on more traditional blockchains. Elektrik's design as a Uniswap V3 fork also brings with it a number of benefits. For instance, Elektrik, like Uniswap V3, provides higher capital efficiency compared to its predecessors by allowing liquidity providers to provide liquidity in concentrated price ranges, which, for sophisticated and active LPs, can potentially lead to higher returns. Furthermore, Elektrik supports single-sided liquidity provisioning, enabling LPs to deposit only one type of asset in a trading pair, reducing the risks associated with price fluctuations. In terms of fee structure, Elektrik implements an adaptive fee structure that dynamically adjusts fees based on market conditions and liquidity utilisation. This is achieved through the introduction of multiple fee tiers for each pair: 0.05%, 0.30%, and 1.00%. These options allow LPs to adjust their margins based on the expected volatility of the pair. For example, LPs can choose to take on more risk with non-correlated pairs like ETH/DAI, or minimal risk with correlated pairs like USDC/DAI, and select the fee tier that best compensates them for this risk. This ensures competitive fees for users while maintaining incentives for liquidity providers. By adapting fees to market conditions, Elektrik aims to promote efficient market participation and attract liquidity. Moreover, Elektrik introduces enhanced capital efficiency by utilising multiple fee tiers within liquidity pools. Liquidity providers can allocate their funds to different fee tiers, optimising their capital allocation and earning potential. This feature encourages efficient capital deployment and enables liquidity providers to maximise their returns. Understanding Elektrik V2’s Liquidity Model Although Elektrik is initially being released via the aforementioned Uniswap V3 model, Elektrik V2 plans to implement an innovative AMM. The Elektrik V2 platform represents a significant advancement in the realm of decentralised exchanges, distinguished by its incorporation of abstracted AMM, Artificial Intelligence (AI), Reinforced Learning (RL), and dynamic smart contracts. Central to Elektrik's proposition is its commitment to capital efficiency, ensuring that liquidity is not merely present but is deployed judiciously for optimal trading outcomes. The Dynamic Liquidity Provision (DLP) mechanism is pivotal in this regard, meticulously adjusting liquidity with each block on the LightLink network to meet the precise requirements of liquidity providers. While Elektrik V1 allows for LPs to add liquidity to particular price ranges, Elektrik V2 harnesses the power of AI to anticipate and modulate liquidity in the inherently unpredictable cryptocurrency market. While conventional AI models may falter in such volatile environments, Elektrik's model is characterised by its dynamic adaptability. It undergoes continuous training on a diverse array of data, both internal to Elektrik and from external sources, ensuring its models remain contemporaneous and pertinent. This perpetual refinement is instrumental in ensuring that liquidity is judiciously allocated, responding adeptly to market fluctuations and safeguarding optimal trading conditions. The decision-making prowess of this AI is further enhanced by the principles of Reinforcement Learning (RL). To elaborate, RL operates on a paradigm wherein the system discerns optimal actions through a process of iterative trial and error. Within Elektrik's operational framework, RL assists in determining the most efficacious deployment of liquidity, harmonising the dual objectives of return maximisation and risk minimization. By synergizing dynamic AI with RL, Elektrik underscores its commitment to the judicious management of liquidity, thereby promising an unparalleled trading experience driven by precision and efficiency. Comparing Elektrik to the Competition Since 2021, the DEX landscape has been dominated by Uniswap V2-style DEXs, with many implementing the tried-and-tested x * y = k algorithm and spreading liquidity evenly across all price ranges. This can lead to inefficiencies, especially those associated with use of capital. If liquidity is dispersed across all price ranges, each pool will require a larger amount of liquidity to facilitate the same amount of volume. Consequently, more trading fees are dispersed to a greater number of parties and traders must be charged higher fees in order to provide LPs with the same level of yield. With the advent of Uniswap V3 in 2022, the DEX landscape has likewise undergone a subsequent evolution, with concentrated liquidity models becoming increasingly prevalent in DeFi. Nevertheless, these types of models often require manual rebalancing of liquidity or custom automated strategies by LPs, which can be relatively inefficient. Thus, even the relatively recent AMM models possess inherent flaws with regards to their management of idle liquidity that make them ineffective solutions when compared to next generation AMMs such as that implemented by Elektrik V2. Elektrik V2 and similar DEXs will offer far greater flexibility than their contemporaries. The greater capital efficiency facilitated by the continuous rebalancing and concentration of liquidity will allow protocols to handle high volume trading with relatively insignificant liquidity. Thus trading fees for users can be reduced and those which are earned can be dispersed between fewer LPs, providing incentives for the participation of users and LPs alike. Another key advantage of an automatic liquidity rebalancing model is the potential reduction in impermanent loss. Impermanent loss is a risk faced by LPs in traditional AMMs when the price of the assets in a pool diverges. By automatically adjusting liquidity to follow price movements, a DEX implementing this model can ensure that a LP’s liquidity is never concentrated in one side of a pool, mitigating the effects of impermanent loss. This means LPs are less likely to be holding the wrong asset when prices change, which can lead to more stable and predictable returns. Notably, this model does possess some inherent challenges, particularly associated with the potential incorporation of machine learning for liquidity rebalancing. After all, if the AI makes an incorrect judgment, then the actual price range will have less liquidity than if the prediction were correct. However it is important to note that any particular price range would never be completely devoid of liquidity due to the use of a price weighting model by the AI, which allocates liquidity to certain price ranges depending on the likelihood that the price will be achieved. Furthermore, the learning curve for LPs in actually understanding and grasping this system may pose some challenges to adoption. Nevertheless, these challenges can be solved via frequent rebalancing and user interface abstraction for a more seamless user experience. Conclusion The very definition of liquidity as the ability to quickly and effortlessly buy or sell assets, is the essence of a functional market, be it the financial markets at large or the intricate DeFi space. Its influence extends throughout history, where liquidity has ruled the dynamic and ever-evolving landscape of markets and as we have found, continues to influence the modern financial system - even in the context of DeFi. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Consequently, as one of the principal determinants of market and asset success, liquidity, as championed by platforms such as Elektrik, will continue to drive innovation, incentivize adoption, and remain paramount in financial markets. 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.
180 days agocryptopotato
Backed Now Natively Issues Tokens on BNB Smart Chain: Enabling new Integrations and Scalability
[PRESS RELEASE – Zug, Switzerland, August 29th, 2023] Backed has extended its native token issuance to include the BNB Smart Chain (BSC) to bring our products to a wider audience and give our clients the flexibility to choose the blockchain that works best for their use case. Backed is on a mission to bring off-chain […]
181 day agocryptodaily
The Next Big Evolution in MOBA Shooters, Brought to You by PLAYA3ULL GAMES Global Release, 3rd September 2023.
PLAYA3ULL GAMES, the innovative minds behind the latest gaming advancements, are proud to unveil NEXUS, a third-person Multiplayer Online Battle Arena (MOBA) shooter set to redefine gaming standards. Built on the breathtaking Unreal Engine 5, NEXUS thrusts players into a futuristic arena where strategy, agility, and adaptability are key. But NEXUS is more than just a game; it's a revolution. By empowering players to craft weapons, abilities, and equipment, NEXUS ensures a truly unique gaming experience tailored to each individual's playstyle. Unique Selling Points of NEXUS: ● Blockchain Integration: Making waves in the industry, PLAYA3ULL GAMES harnesses the power of blockchain to store player skins, giving them genuine ownership and flexibility to trade or sell. ● No Pay-to-Win Elements: PLAYA3ULL is passionate about fair play, ensuring NEXUS remains a skill-driven game without pay-to-win elements. ● Tournaments & Rewards: Tournaments are coming soon and you get the chance to earn multiple types of currency, including the exclusive 3ULL coin. ● PLAYA3ULL GAMES, pronounced as "Playable Games", is dedicated to blending traditional gaming with the latest technological advancements. Their commitment to player experience and fair gameplay makes them a company to watch in the coming years. To get afirsthand experience of the action-packed world of NEXUS: https://youtu.be/7qg9G5svVIs For further inquiries or exclusive interviews with the minds behind PLAYA3ULL GAMES, please contact [email protected] About PLAYA3ULL GAMES PLAYA3ULL GAMES, a forward-thinking gaming company, bridges the gap between thrilling gameplay and cutting-edge technology. Their dedication to innovation and player-first experiences positions them at the forefront of the gaming industry. Website: http://www.playa3ull.games Twitter: https://twitter.com/PLAYA3ULL_GAMES Discord: https://t.co/jx8K2t84Wf 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
185 days agocryptodaily
Equation Announces Its Pre-launch in September, ReDeFining Perpetual Trading with BRMM Mode
Equation, a pioneering decentralized perpetual protocol, is set to revolutionize perpetual trading with its groundbreaking BRMM model and commitment to fairness through a complete Fairlaunch approach. Founded by experienced crypto trader 0xfermat, the project aims to redefine the trading experience by prioritizing user demands and delivering a seamless, transparent, and trustless environment. With its upcoming pre-launch in September, Equation is poised to offer traders and Liquidity Providers (LPs) up to 200x leverage, access to near-unlimited liquidity, and enhanced capital efficiency on the Arbitrum network. Visionary Origins Equation's journey began with its visionary founder, known as "0xfermat" across social networks. Previously, he served as an algorithm engineer at a prominent algorithm-driven company and later founded a financial technology company offering insurance actuarial and risk management solutions for banks and enterprises. Subsequently, he ventured into the world of cryptocurrency as a professional trader. The impact of the FTX event on his life and finances led 0xfermat to make a crucial decision. He resolved to establish a fully decentralized on-chain protocol, aiming to combat the infringements on market and individual rights caused by centralized exchanges and "dictators". Undertaking the creation of Equation's underlying protocol single-handedly, 0xfermat has been instrumental in shaping the project's foundation. With a strong belief in decentralization, anonymity, and open-source architecture, 0xfermat steered Equation towards becoming a community-driven initiative. Operating as a DAO, the team consists of skilled individuals with robust technical backgrounds and superior trading expertise. Embracing the decentralized ethos, Equation's team members maintain anonymity, ensuring a level playing field for all participants. Fairlaunch Principle Equation’s token emission will strictly adhere to Fairlaunch principle, eschewing institutional investors for mining-based token generation. This approach aligns with its commitment to fairness and equal opportunities for all participants. Token holders will not only have a voice in community governance but can also stake their tokens to earn a share of the protocol's fee distribution, fostering a sense of ownership and providing long-term incentives for engagement. This community-driven approach strengthen the protocol's foundation and ensure a fair and inclusive ecosystem for all. Innovative BRMM Model Equation has pioneered the Balance Rate Market Maker (BRMM), an innovative Automated Market Maker (AMM) model, especially tailored for the perpetual contract market. Thanks to BRMM, Equation can offer traders and liquidity providers (LPs) unprecedented leverage of up to 200x. Traders can access larger positions and near-unlimited liquidity. Simultaneously, LPs benefit from enhanced capital efficiency, creating a win-win situation for all participants. Diverging from traditional spot market AMMs, BRMM adopts a unique mechanism centered around the balance rate of the liquidity pool, which results in more efficient price discovery and expanded market-making opportunities. In the BRMM model, liquidity providers (LPs) willingly accept the risk of temporary and manageable liquidity pool imbalances in exchange for the platform's generous fee income. This ingenious approach empowers LPs to participate in market-making flexibly, providing deeper capital pool depth and ensuring traders benefit from a more stable trading experience. By introducing BRMM, the perpetual contract market has witnessed heightened liquidity and improved price discovery functionalities, all while safeguarding the interests of LPs. This novel AMM model is anticipated to accelerate the perpetual contract market's growth, ushering in greater innovations and opportunities within decentralized finance (DeFi). Quote "I launch Equation because I want to redefine perpetual trading by delivering a seamless, transparent, user-friendly trading experience, prioritizing user demands and streamlining a clear interface with minimal process. Equation is committed to providing a trustless transaction environment that enables users to achieve financial freedom." — 0xfermat, Founder of Equation Closing The upcoming pre-launch for Equation in September brings anticipation and excitement, as traders and LPs gear up to experience the next level of perpetual trading on the Arbitrum network. Join Equation on its journey to redefine the trading landscape and unlock new opportunities in the crypto space. About Equation Equation is a decentralized perpetual protocol built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to access larger positions and near-unlimited liquidity while enhancing capital efficiency for LPs. Being one of the pioneering trader-oriented DeFi protocols, Equation stands as a testament to the power of community-driven innovation in shaping the future of decentralized finance. It prioritizes security and transparency, providing traders with a reliable and secure environment for perpetual trading participation. Media Contact Company: EquationDAO Contact: Equation Media Team Team Email: [email protected] Website: https://www.equation.org/ Twitter: https://twitter.com/EquationDAO Medium: https://medium.com/@EquationDAO Discord:discord.gg/ywFrewsxBH Telegram:https://t.me/EquationDao 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.
185 days agocryptodaily
API3 Launches Managed Data Feed Services on Polygon zkEVM
Blockchain oracle provider API3 has announced that it is launching a new data feed service suite for Polygon zkEVM, designed from a new push oracle solution that's centered around first-party architecture. According to a press release shared to CryptoDaily by API3, the new solution allows DeFi protocols that currently use push oracles on other EVM (Ethereum Virtual Machine) chains to seamlessly migrate to Polygon zkEVM, hence functioning as both an onboarding and integration solution. Polygon zkEVM, which has built its reputation around the utilization of zero-knowledge proofs and EVM equivalence, has taken a strategic step by incorporating managed decentralized data feeds (dAPIs) from the API3 Market. The rise of such a managed data feed service highlights the sustained DeFi appetite, a sector where the Total Value Locked (TVL) reportedly spans tens of billions. The API3 Model API3's model contrasts with traditional third-party oracle mechanisms, focusing instead on a first-party architecture. The novel approach of sourcing data directly and (in a manner that is) cryptographicallyy-backed pushes the boundaries of data transparency in the space. API3's push oracle solution potentially offers remedies to such issues, advocating for a comprehensive, transparent, and possibly more efficient data sourcing model. The key differentiation (it appears) is with how API3 emphasizes first-party oracles, ensuring data is sourced directly, with increased traceability and data integrity. With DeFi's dynamic evolution, the integration and management of oracle services via a DAO become increasingly relevant. Platforms like QuickSwap Perps, Dovish, and MantisSwap have pivoted to embrace dAPIs, signifying a recognition of the potential security and operational advantages these decentralized data feeds might bring. Tropykus, which has roots in AAVE V2, rapidly embraced dAPIs for its framework and subsequently debuted on Polygon zkEVM. Such an integration showcases the flexibility and potential benefits of dAPIs for emerging platforms. Jack Melnick, Head of DeFi BD at Polygon Labs, provided insights on this alliance: "It's very exciting to see API3 deploying on Polygon zkEVM, enhancing the DeFi ecosystem with an innovative push oracle solution. The integration of managed dAPIs with Polygon's scalable infrastructure marks a significant step towards a more transparent and secure future for decentralized finance." API3's Market space also helps provide an avenue for developers to interact with dAPIs, a potential game-changer in how dApps leverage real-time market data. This collaboration might signal an industry shift, emphasizing more secure, transparent, and efficient data management methods. Some Comparisons In comparison to alternatives like Chainlink and Pyth, which have been noted for their relatively high fees and questions around transparency, API3’s dAPI stands out. It offers builders an opportunity to tap into decentralized data feeds from multiple sources, all facilitated by first-party oracle nodes integrated with native-chain aggregation. This not only positions API3 distinctly in the market but also sets a potential new standard for oracle transparency and efficiency. This new Managed dAPI service addresses several operational challenges developers face, such as the complexities of gas management, rourtine maintenance, and continuous monitoring. The service is not just a conceptual offering; it's already in operation. Developers on the Polygon zkEVM platform, who previously relied on self-funded data feeds, can now seamlessly integrate aggregated data streams directly from other eminent data providers. 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.
186 days agocryptodaily
Solana (SOL) and Polygon (MATIC) Downtrend Creates Opportunity for Everlodge (ELDG) Buyers
As Solana (SOL) and Polygon (MATIC) prices dip, Everlodge investors find a silver lining. Experts suggest investors should not avoid what this new platform has to offer. So, let's explore current opportunities available in the crypto market. Join the Everlodge presale and win a luxury holiday to the Maldives Solana (SOL) gains high liquidity while the token trades at $21.91 Recently, Solana (SOL) shared great news. It is now listed among the top liquid altcoins on Coinbase. According to Kaiko, Solana (SOL) has more than $3 million in liquidity. Such flexible liquidity makes the assets convertible. Hence, Solana (SOL) users can convert assets into cash without any market price impact. Furthermore, some data also suggests that Solana (SOL) is more liquid than XRP and DOGE. Despite this, Solana (SOL) couldn't save itself from the market downturn. Moreover, the SEC lawsuit also declined its value. The token dropped by 11.08% in the past week. Additionally, the total Solana (SOL) token volume has been over 35% down in the past 24 hours. Currently, it is trading at $21.9, a 0.98% rise in a day. Further, the price forecasts suggest the Solana (SOL) token may trade at $21.63 on average. Polygon (MATIC) may join Avorak's AI: the token trades at $0.5798 Polygon (MATIC) is among the platforms that support Blockchain and AI pairs. Moreover, it has all the qualities an AI project needs to enter blockchain. In fact, Polygon (MATIC) officials believe that it has ideal testing space for AI development. Hence, rumors on collaboration between Polygon (MATIC) and Avorak's AI platform are spreading. Furthermore, the crypto platform has a scalable network that can test AI solutions. Polygon's (MATIC) scalability may play a great role in AI growth across the network. The rapid and cheaper transactions of Polygon (MATIC) also make it easy to deploy AI solutions. Moreover, platforms like Coinbase ensure investors access Polygon (MATIC) easily. Hence, support from big exchanges can assure longer success for Avorak's AI solution. It may help Polygon (MATIC) gain the needed talent and resources for developing the AI platform. It may also help Polygon (MATIC) flip its price downturn. Currently, the Polygon (MATIC) token is trading at $0.5798, a 0.31% drop in a day. Experts suggest a price rise of $0.72 in later months, for Polygon (MATIC). Everlodge (ELDG) may rule the real estate industry The real estate industry is thriving with a market size of more than $7,063 trillion. But buying real estate needs a big financial commitment. This is where Everlodge comes into the picture. It is a unique blockchain-based property marketplace. Users can invest in vacation homes and hotels, and share ownership. The platform enables investment services through NFT minting and timeshare. But, investors don't need to pay for the entire property. The platform divides the property's NFT into smaller fractions. Thus, anyone can buy the cheaper equity of the NFT. Moreover, these NFTs have direct links to real properties. Thus, their worth is bound to rise in the future. The platform's native token, ELDG, also brings various advantages to its holders. These include the following: ● Discounts on trading costs ● Staking rewards ● Vacation giveaways Furthermore, the ELDG tokens’ presale is now underway, starting at an initial price of $0.01. Market forecasts suggest a 30 times increase in token price on the launch date. So, sign up early, as tokens are selling fast. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge 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.
188 days agocryptodaily
Beyond Instant Payments: Zebec Launches Modular L3 Nautilus for Scalable Payment Streaming
New York, USA, August 21st, 2023, Chainwire Zebec has launched Nautilus, a modular L3 network that supports its blockchain-based global payment infrastructure. Nautilus enables continuous payment streaming and real-time payroll services on a previously impossible scale. As a first-of-its-kind L3, Nautilus enables more than just instant payments. It can also facilitate Zebec Protocol’s live-payment streaming service at scale, made possible by the fastest EVM environment in web3. Capable of parallel transaction processing, Nautilus is built for scalability, interoperability, and security through interchangeable modules for consensus, settlement, data availability, and transaction execution. This modularity will have a significant impact on how web3 payment infrastructure is composed and adopted. "Zebec is helping to create a future where money moves more freely, providing individuals, businesses, investors, and teams with quicker and easier access to funds and tokens," said Zebec Founder Sam Thapaliya. "Launching the Nautilus Chain, and the new suite of products built on it, is a significant step towards our vision." With Nautilus now live, Zebec’s team is set to bring single-side staking and DeFi yields online in select jurisdictions and power ZebecPay - its live streaming web3 payroll services. Zebec is also in the processof launching a traditional payroll app, WageLink, with a planned integration with Circle. With the Nautilus chain functionality, Zebec is able to offer crypto off-ramps directly linked to US bank accounts (via a partnership with CoinFlow) and roll out Zebec Card programs in Asia and Europe. These products and services will augment Zebec's existing services. Zebec started as a continuous settlement protocol that enabled real-time payments, or payment streaming, allowing businesses to pay employees and partners in real-time in a tax-compliant way. However, the limitations of existing blockchain technology soon became apparent. Networks were either too slow or too unreliable to keep up with demand. To solve the issue, Zebec Labs created a next-generation blockchain: fast enough to facilitate payment streaming at scale, which could, critically, integrate with Ethereum-based chains. Originally planned for Zebec’s core DeFi projects for internal payments and value/assets transfer, Nautilus testnet became one of the most prominent testnets in the crypto world. Having facilitated over 50 million transactions, with 400,000 wallets and 3,000 smart contracts deployed in its first 8 months, Nautilus chain has proven its utility and functionality beyond DeFi and opened to projects from other sectors, such as NFTs, Gamefi, etc., thus becoming a “general purpose” L3. A huge upside to Nautilus’ modular system is that it gives developers the flexibility to configure the “chain stack” they use to build their dApps. A modular chain uses interchangeable modules for consensus, data availability, settlement, and execution. Each of these layers can be configured to developer needs or optimized based on the dApp being serviced. Especially at the execution layer, customized rollups can be deployed that optimize for privacy or scalability, or decentralization — whatever is required by the dApp. Modular chains allow for infinite horizontal scaling and greater levels of interoperability. Since developers build from the same pool of modules, code is safer, more battle-tested, and easier to connect. More rollups and parallel chains can be deployed to increase block space and throughput effectively. Nautilus is a pioneer in this new type of blockchain, and its architecture will permanently change how blockchains are built and bring them into the real world. At launch, Nautilus’ settlement layer is built using Solana’s VM, MOVE, and its execution layer on Neon EVM using Solidity smart contracts. Data availability is stored off-chain using Celestia. Nautilus' initial default execution layer will use optimistic rollups, but the team plans to transition to zkRollups for faster settlements, privacy, and even higher levels of scalability. Nautilus is built with Celestia and Eclipse empowering modular chains. Through Celesita, Nautilus allows projects to tailor their consensus and settlement layers. Eclipse allows builders on Nautilus to deploy customized rollups on their execution layer. The result is a chain with Solana-like speeds but with the security and decentralization of Ethereum. According to its engineers, Nautilus has been tested up to 3,000 TPS, but the team expects the number to increase with the transition to zkRollups. By having such a high TPS, Nautilus chain provides a platform that can keep up with the demands of the real world, opening the door to decentralized markets for financial instruments and assets, such as stocks, bonds, real estate, and tokenized real-world assets. Thanks to Nautilus, Zebec can now operate on a much larger scale. Businesses can pay employees and partners in real time through live payments or payment streaming. Zebec’s goal isn’t merely to provide more efficient payment services; it’s to onboard millions of new users through user-friendly, secure payment apps and new use cases. Zebec’s innovation paves the way for pay-as-you-go payment plans for streaming services, car-sharing platforms, gyms, residential clubs, and more. It enables potential new business models and applications not yet created. As Zebec continues to innovate and grow its ecosystem, it invites developers and founders from around the world to join it in creating a more connected, efficient, and accessible financial future. About Zebec Zebec enables real-time and continuous streams of payments and financial transactions for payroll, investments, and more. It was founded in 2021, with investments from Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others. Zebec already services hundreds of companies, running thousands of continuous payment streams and bringing the blockchain to our day-to-day lives. Website | Twitter | Discord | Telegram About Nautilus Nautilus is a high-performance real-world payment modular chain. Using celestia and eigenlayer, It delivers high-speed and low-cost transaction processing with a secure and stable decentralized foundation. Website | Twitter | Telegram | Medium Contact Elena [email protected]

About FLEX?

The live price of FLEX (FLEX) today is ? USD, and with the current circulating supply of FLEX at 98,664,938.70 FLEX, its market capitalization stands at ? USD. In the last 24 hours FLEX price has moved ? USD or 0.00% while ? USD worth of FLEX has been traded on various exchanges. The current valuation of FLEX puts it at #0 in cryptocurrency rankings based on market capitalization.

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

Introduction

FLEX Coin (FLEX) is a unique cryptocurrency that operates on the CoinFLEX exchange. It is designed to incentivize trading and provide rewards to its holders. FLEX Coin is a utility token that offers a range of benefits, including fee discounts, yield enhancements, and governance rights within the CoinFLEX ecosystem.

Technology & Mechanism

Consensus Mechanism

FLEX operates on a Proof of Stake (PoS) consensus mechanism, which allows holders to stake their coins to secure the network and earn rewards.

Blockchain Technology

FLEX is built on the Ethereum blockchain, leveraging its smart contract capabilities to automate various processes within the CoinFLEX ecosystem.

Key Features

Scalability

FLEX is designed to handle a high volume of transactions, ensuring smooth and efficient operations on the CoinFLEX exchange.

Security

Being built on the Ethereum blockchain, FLEX benefits from its robust security features, including cryptographic technology and decentralized consensus mechanisms.

Privacy

FLEX respects user privacy, with transactions on the CoinFLEX exchange being secure and confidential.

Decentralization

FLEX embodies the principle of decentralization, with its PoS consensus mechanism allowing all holders to participate in network security and governance.

Development Team & Governance

The FLEX project is spearheaded by CoinFLEX, a team of experienced professionals in the cryptocurrency and financial technology sectors. The governance of FLEX is decentralized, with token holders having the right to vote on various proposals.

Use Cases & Potential Impact

FLEX has a wide range of use cases within the CoinFLEX ecosystem, including fee discounts, yield enhancements, and governance rights. It has the potential to disrupt traditional exchange models by incentivizing active trading and participation.

Purchase & Storage

How to Buy

FLEX can be purchased on the CoinFLEX exchange, with several trading pairs available.

Wallets & Storage

FLEX can be stored in any wallet that supports ERC-20 tokens, including hardware wallets for maximum security.

Partnerships & Collaborations

CoinFLEX has formed partnerships with several prominent companies in the cryptocurrency and financial technology sectors, further enhancing the utility and reach of FLEX.

Roadmap

The FLEX project has a clear roadmap, with plans to introduce more features and enhancements to further incentivize trading and participation within the CoinFLEX ecosystem.

Risks & Challenges

Like all cryptocurrencies, FLEX faces potential risks and challenges, including market volatility, regulatory changes, and technological vulnerabilities. However, the CoinFLEX team is committed to mitigating these risks and overcoming these challenges.

Community & Regulatory Compliance

Community

FLEX has a vibrant and active community, with members participating in governance, trading, and other activities within the CoinFLEX ecosystem.

Regulatory Compliance

CoinFLEX is committed to regulatory compliance, operating under the laws and regulations of the jurisdictions in which it operates.

In conclusion, FLEX is a unique and innovative cryptocurrency that incentivizes trading and participation within the CoinFLEX ecosystem. With its robust technology, key features, and active community, FLEX has the potential to make a significant impact in the cryptocurrency and financial technology sectors.

FLEX Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply98,664,938.70 FLEX
Max Supply100,000,000 FLEX
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