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Cryptocurrencies/Coins/Injective (INJ)
Injective price, market cap on Coin360 heatmap

Injective(INJ)

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$1.8272
(-4.54%)
0.00007432 BTC
Market Cap (Rank#229)
$118,780,022
4,832 BTC
Vol 24h
$5,104,509
207.635 BTC
Circulating Supply
65,005,554.33
Max Supply
100,000,000
16h agocryptodaily
Fracture Labs Launches DIO Staking Pool
Fracture Labs, a blockchain-based videogame company, has announced new developments following a successful $4.3 million funding round last November that saw support from companies such as Alameda Research, Mechanism Capital, VLaunch, Spartan, Gains Associates, Interstellar Ventures, Master Ventures, Huobi Ventures, Polygon, Spark Digital Capital, Metavest Capital, Titans Ventures, Germ Capital, FA Forward Analytics, and many more. The company is focused on creating multiplayer games that are compatible with PC, console and mobile. Its most prominent project thus far has been the popular ‘Decimated’ game, which is being designed with a web3 layer using Solana. The game, which is set in a post-apocalyptic world that has fallen to ruin due to an environmental crisis, is a 3rd person RPG metaverse with cyberpunk inspiration. Players can choose either PvP or PvE mode and have to salvage resources, battle against authoritarian police and survive the hellscape that Earth has become. With these universally-loved themes and amazing in-game visuals, Decimated has proven to be popular with fans and critics alike. Famously, Decimated won the Best Blockchain Game award at the Crypto Games Conference in 2019, and more awards in recent years. It’s trailer was featured on the IGN YouTube channel, which is one of the most influential in the gaming sector. Within a few days, it had racked up over 80,000 views on the IGN channel and over 85,000 on the main Fracture Labs channel, bringing its total view count to over 165,000 views With this latest funding round, even more development can be made to the game, with the Fracture Labs team revealing that it will be leveraging UnrealEngine 5 for this. This comes just after Decimated received the EpicMegaGrant from Unreal Engine to further its efforts. On the team end, Fracture Labs announced an expansion, with its team growing to over 47 members. This team is at the helm of the Decimated community, which is over 140,000 followers strong and more than 20,000 in their discord community. DIO, the native token of the Decimated universe, has also seen significant progress recently. It is already listed on several exchanges such as Raydium, Gate.io or Huobi but has even more listings on the way. The DIO staking pool went live on 27th July 2022 following the claim portal launch. This portal is the vesting portal specifically created for Vlaunch winners and investors and is where they can manually claim their DIO tokens. The NFT Marketplace is due to launch in the run-up to the game launch, which will include in-game vehicles, weapons, apartments, and shops that players can leverage within the game. In the future, Decimated will be opening as a platform for user-generated content, giving content creators and modders the ability to sell their own vehicles, weapons, apartment and character customizations as NFTs. Conclusions If you are interested and want to jump in early, you can: Buy DIO on Raydium, Gate.io, Huobi or Coinmarketcap exchanges Join their engaged discord community. Start following the content on their social media. Wait for the official launch. About Fracture Labs Fracture Labs is a blockchain-focused videogame company that is dedicated to creating multiplayer games for a number of different mediums. The team behind Fracture Labs has been involved in the production of many top games including Playerunknowns Battlegrounds, Cyberpunk 2077, Injustice 2, Sniper 3 Ghost Warrior, Star Citizen, Batman Arkham Origins, Evolve, and many others. Media Contact: Name: CEO Stephen ArnoldEmail: [email protected]: EstoniaWebsite: www.decimated.net Twitter:twitter.com/decimated_game Discord: Decimated Official (discord.com) 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
2 days agocoindesk
Crypto Derivative Trading Volume Rose for First Time in 4 Months as Market Rallied in July
While leverage boosts returns, it exposes traders to forced liquidations, which inject volatility into the market.
4 days agocryptodaily
Layer-1 Blockchain ‘Injective’ Raises $40M in Funding Round Led by Jump Crypto
Injective has managed to raise $40 million in a private token sale led by Jump Crypto according to reports from Tech Crunch. Brevan Howard Digital, the cryptocurrency arm of British billionaire hedge fund manager Alan Howard, also took part in the funding round. The capital was raised by Injective and Injective Labs, a software development firm that supports the blockchain, to add new stockholders to the ecosystem. The platform aims to optimize and build decentralised finance applications such as exchanges, derivatives, prediction markets, and options. The platform also produces financial decentralised applications (dApps). Through Injective, founder Eric Chen aims to create an Ethereum virtual machine-compatible blockchain specialized in decentralised finance use cases. Chen said, This is a fundamental piece of innovation and a fundamental paradigm shift that no one wants to be excluded from or too late on adopting. This is why we’re so excited – those who are making large efforts and commitments are innovating forward. Chen added that the new funds will be used to support incoming Injective developers as well as build critical toolkits, support software, and core upgrades to expand its ecosystem. The capitals will also allow Injective to increase utility for its native token, INJ, and will provide liquidity and support to dApps on its blockchain. The raise will also support a broader effort to bring on more institutions and provide greater liquidity to DeFi according to Chen. He added, The ecosystem is institution-ready and excited for sophisticated liquidity coming in as well. It’s a synergetic effort for broader adoption. According to Chen, in recent times there has been greater interest in DeFi and activity from traditional institutions and the traditional finance sphere, noting, This is definitely shown with financial service providers like investment banks, brokerage firms and asset managers regardless of market conditions. Despite the crypto market still finding itself in troubled waters, the price of Bitcoin remaining below $25,000, and start-up valuations are down across the board, Chen thinks now is the optimal time to raise capital, saying, We want to go against what the current trend is. We want to be in the best position possible during a bear market to build and support new incoming developers and capture those opportunities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocoindesk
DEX Protocol Injective Raises $40M From Jump Crypto, Brevan Howard Unit
Injective will use the funds to boost the utility of the INJ Token.
9 days agocryptodaily
Uniglo (GLO) Works for Investors by Asset-Backing its Currency, Can Bitcoin (BTC) or Dogecoin (DOGE) Do the Same?
When cryptocurrency entered the market some 14 years ago, many thought it was purely speculative, expecting its time under the limelight to be short-lived. However, as we have seen in the previous decade, crypto has revolutionized currencies and the concept of value exchange. Nonetheless, concerns regarding volatility remain. Understandably, a portion of the public is weary of putting their money in cryptocurrencies that are entirely intangible and have no inherent value. This is the reason for the emergence of stablecoins and various digital currencies that are pegged to physical assets. Now, a newcomer to the crypto space called Uniglo (GLO) hopes to bridge any remaining gaps by developing a multi-asset-backed treasury to support its native token. Uniglo (GLO) Uniglo is a new decentralized finance (DeFi) project that will grow a treasury supported by a wide range of assets. Half of the transaction taxes in the platform will go into a treasury that will be used to purchase digital currencies and digitized real-world collectibles. As such, the Uniglo investment portfolio would be highly diversified, providing sustainable backing for its GLO token. Many people consider cryptocurrencies to be worthless because they are completely intangible and have no connection to valuable things in the real world. But with Uniglo, people who are cautious of the risks in crypto are provided with a middle ground that could usher them into the DeFi space. With a sound structure for underpinning the value of its currency, Uniglo could provide an example of how the value of non-pegged digital coins could be assessed. Bitcoin (BTC) A key question we must ask now is whether Bitcoin could back its currency in the same way as Uniglo. That could prove difficult, as Bitcoin was the very first token in the cryptocurrency world and has achieved much of its growth because of its speculative nature. Simply, it has grown to its current size because of its novelty, its focus on decentralization, and having no reliance on fiat, gold, precious metals, or other standards. Bitcoin has done well by pegging its value against its demand, usability, ubiquity, and technological value. Dogecoin (DOGE) Similar to Bitcoin, Dogecoin is not supported by any kind of physical asset or cash flow. True to its name and the nature of its genesis, Dogecoin plays a game of popularity. Being a meme coin, it rises and falls based on how endearing it is in the eyes of its supporters. So far, Dogecoin’s community has been rabid, pushing the value of DOGE mainly because they want to and people are willing to pay for it. In the long run, however, Dogecoin might back its coin with assets in an effort to inject some sense of sustainability into the protocol. Final thought Many cryptocurrencies are volatile because investors need to put in the work to create their value. Hence, stablecoins and digital assets pegged to physical assets have emerged to provide security and stability to the cryptocurrency market. With the rise of Uniglo, however, investors are further provided with a social currency that exists to work for them. Find Out More Here: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 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 agozycrypto
Singapore Reviewing Legislation on Crypto, Following Devastating Effects of Terra Crash
Singaporean authorities are currently reviewing stablecoin legislation in the country in an attempt to better safeguard investors’ funds. This comes at a period when investors are nursing the injuries inflicted by the TerraUSD (UST) crash which saw billions in funds disappear into thin air on a global scale. MAS chairman says the economy is not […]
12 days agocryptodaily
APENFT Foundation Announced The Second Call of its $100 Million Art Dream Fund.
Singapore, Singapore, 2nd August, 2022, ChainwireAPENFT Foundation announces that the second call of its $100 million Art Dream Fund will launch on August 1st, and registration will close on October 30th. The theme for this year’s call is "Post-Human Era." This theme seeks to explore whether the future of humanity can transcend traditional self-centered humanism and how people should position themselves in a complex ecosystem consisting of non-human animals, plants, and cyborgs. Winners will be eligible to win from a prize pool of over $100,000. In addition to prizes, creators will also enjoy the opportunity to build their art studios in The Sandbox, a metaverse set to launch by APENFT and TRON. Creators will also be able to get involved in annual online and offline exhibitions curated by APENFT, workshops, artist residencies, and other educational events. TRON x APENFT exhibition hall in The Sandbox This call is open to creators of any age, nationality (not eligible for residents of UN- and OFAC-sanctioned countries or regions), and profession. It welcomes digital artworks submitted by individuals and teams in various mediums, including video, animation, virtual reality, augmented reality, sound art, and data-driven art, among others. "The most essential quality that distinguishes us from other calls is our core values—great inclusiveness and openness—which are also the values that govern the world of NFTs; here, every good work has a chance to be seen," emphasized Sydney Xiong, Director of the APENFT Foundation. "We've always been committed to nurturing and supporting young artists and creators who are open-minded, daring, imaginative, and able to inject fresh vitality into the art sphere." The same openness and inclusiveness permeate the review process of the Art Dream Fund. This year's review panel comprises more than ten artists, curators, auction experts, art professionals, and financial practitioners. We can expect this diversity in panel selections to introduce opinions from diverse areas such as art, finance, technology, and design, allowing for a more comprehensive assessment of submissions. Expert juries include Philip Tinari (Director of UCCA Center for Contemporary Art), Jonathan Crockett (Chairman of Asia at Phillips), Josh Baer (Art advisor), Sylvain Levy (Renowned collector), and Conlan Rios (Founder of Async Art); the Nomination and Selection Panel includes Cheng Ran (Contemporary Artist), Laura Shao from Hive Center for Contemporary Art, Kenny Schachter (art writer), Ciara Sun (Co-founder of C² Ventures), Claire Huang (Async Art Advisor & Columnist), Mimi Nguyen (Lecturer at the University of the Arts London). Together with community members, the Nomination and Selection Panel will designate 50 contestants for the final based on their votes. Themed on "Second Life," last year’s open call received over 500 artworks, among which Infinite Falling by WMD Studio won the first prize, and submissions of Verdi Jackson, Kong, Allyn Belfred, and Chengcheng Shi won the innovation prizes. In January 2022, all winning artworks were sold at an auction event at the online exhibition co-hosted by APENFT and LiveArtX in Cryptovoxels. This year, on top of the three existing awards, APENFT teamed up with Async Art to set up the “Async Visual-Audio Award” for programmable art to encourage experimentation and innovation in interactive art forms. As Conlan Rios, Founder of Async Art, expressed, “Async Art provides tools for everyone to create visual-audio interactive NFTs, without the necessity of mastering coding and programming knowledge. Through Async Visual-Audio Award, we invite artists to join us to turn the existing concept of art on its head and pave the way for a whole new category of programmable media. This is just the start, but we believe these simple building blocks will open up a world of possibilities for the creators out there, and we are really excited to see the genius ways people might use it.” Participants will have the opportunity to attend the workshops co-organized by APENFT and Async Art and potentially receive Blueprints-based NFT airdrops. WMD Studio, Infinite Falling (2021), digital animation, source: WMD Studio Another highlight of this year's Art Dream Fund is that during the call and the selection, APENFT will co-host three online forums with ArtReview to discuss NFT discourse in the art world, the influence of the metaverse on art creation, and NFT collection and sponsorship. The dates and guests of the forums will be announced soon. Please stay tuned. The open call of the 2022 Art Dream Fund has started, application will close on October 30th. For more registration details, please visit: artdreamfund.apenft.io. About Art Dream Fund The Art Dream Fund was co-sponsored by H. E. Justin Sun, founder of TRON, and Sydney Xiong, Director of APENFT Foundation, in 2021. It aims to identify, nurture, and support quality NFT artists through the $100 million fund. Apart from the funding support for art creation, the Foundation will also advise award winners on marketing, publicity, copyright protection, and legal affairs. The winning artworks will be deployed permanently onto the TRON blockchain as a TRC-721 token as well as on the decentralized storage system BFTS. With the help of TRON and the APENFT Foundation, talented artists will stand a chance to take part in online and offline exhibitions, art fairs, auctions at home and abroad, collaborations with renowned international brands, and benefit from crossover marketing. About APENFT Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world's largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world's first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse. APENFT Marketplace | Twitter | Telegram | Discord About Async Art Async Art is the premiere platform where users can create, collect, and sell generative art & music NFTs. Async breaks down the technology barrier many creators face and allows artists of all backgrounds to participate in the Web3 space. With our Async Canvas tool, users can create interactive, future-facing art and music without any coding knowledge. The platform provides streamlined solutions for audio and visual creators to make innovative NFTs, including 1/1s and an entire collection.. The platform encourages artists to experiment and push boundaries in the NFT space. About ArtReview Founded in 1949, ArtReview is one of the world’s leading international contemporary art platforms. Aimed at both a specialist and a general audience, it is dedicated to expanding contemporary art’s reach, and tracing the ways it interacts with culture in general. It also provides the most intimate reading for contemporary art. ContactsMiles [email protected]
17 days agocoindesk
Bitcoin Awaits US GDP After Biggest Single-Day Gain in 6 Weeks
With the Fed ditching forward guidance, data releases like GDP and inflation could inject more volatility into markets than ever.
18 days agocryptodaily
NFT Canvas Injects Much-Needed Composability In Solana NFTs
Non-fungible tokens, or NFTs, have become a very intriguing vehicle to collect digital art or gain utility in the Metaverse. Unfortunately, many projects offer none of that functionality and aren't flexible enough to warrant any other approach. NFT Canvas changes that narrative by bringing composable NFTs to the Solana blockchain. Bringing More Purpose To NFTs One thing many people tend to overlook is how the majority of non-fungible tokens have no utility or flexibility. Instead, users buy online-stored metadata that is fixed and may not attribute to anything. Users looking to break up that metadata or upgrade their purchase are out of luck, as it would not be possible to do so. Or that is how it used to be until NFT Canvas came around. Customization of NFTs through rearranging components is an appealing development. It increases the appeal and potential utility of non-fungible tokens on the Solana blockchain. NFT creators can determine various parameters to enable component customization. More importantly, this concept can prove viable for the ever-popular "profile picture collections" and more utility-driven and tradeable assets. The approach by NFT Canvas, developed by the Plutonians team, will make it easier for users to acquire the NFT "look" they are after. Many profile picture collections feature specific traits one might not desire, but they cannot be swapped out on-chain. Instead, users have to buy another NFT from the collection, which isn't always ideal. The same train of thought applies to tokens offering membership access, in-game items, etc. Upgradeability is the next frontier for non-fungible tokens, and NFT Canvas provides that much-needed functionality. Combining NFTs Without Compromising Blockchain Immutability One may be inclined to think changing an NFT would require altering the blockchain history. After all, users would acquire assets they did not originally own, yet they somehow end up with what they want. With NFT Canvas, there is no need to compromise the immutability of the Solana blockchain. Instead, it involves combining several NFTs into a new non-fungible token. The newly created NFT is the result of the combined NFTs, but can always be broken down into its original parts. Through NFT Canvas, a composed NFTs - a combination of various non-fungible tokens - consists of Component NFTs. These Component non-fungible tokens enable a higher degree of flexibility, as they can be sued in any configuration one desires. Additionally, there are Canvas Models; structures that dictate which Component NFTs can be added to a Canvas instance. Consider it a frame to fit all the puzzle pieces into. One obvious question is how NFT Canvas will affect the "breeding" aspect of so many collections. For instance, users can use X amount of NFTs from a collection to combine them into a "better" and "rarer" non-fungible tokens. The new creation may be part of the original collection or a brand new collection, enabling creators to introduce more scarcity and potential value. NFT Canvas shares some traits with that aspect, although it seems to offer much broader flexibility. Unlike the traditional "breeding" approach, NFT Canvas lets users deconstruct their new NFT into its "older parts" again. That means there is less "gambling on the value" compared to traditional NFT breeding, as newly minted assets may not reach the expected value or utility. Tapping Into Various Use Cases Although most people will see merit in NFT Canvas for profile picture collections, the technology is more versatile. In fact, the technology will be embraced by Plutonians, a VR space RPG video game. Plutonians will feature NFT spaceships used for travel and completing missions. Players can customize and upgrade their ship's in-game abilities, unlike any other project in blockchain gaming today. Component NFTs will become a core element of the Plutonians gaming ecosystem, which will serve as a good test for online multiplayer games. Another venture incorporating NFT Canvas is CoinBoi, paving the way for new capabilities within avatar projects. However, the technology can go uch further and change the narrative surrounding memberships, ticketing, finance, etc. Composable NFTs and the ability to deconstruct them again can introduce many new use cases and revenue streams, as the sky is the proverbial limit. 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
18 days agocoindesk
Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin
The Fed has raised rates by 150 bps since March, injecting volatility into asset markets. Yet some analysts expect BTC to stay resilient after Wednesday's hike.
20 days agocryptodaily
CBDCs will be the all-controlling tool that leads to central bank tyranny - bitcoin is the way out
With 105 countries now investigating the potential implementation of a CBDC as their preferred form of currency, it is looking increasingly likely that the attempt will be made to make these digital units of currency the new way of transacting. Does the population have any idea what this can lead to? Global wealth transfer As all fiat currencies continue in their race to the bottom, with ever-increasing amounts of them being injected into the economy at the whim of academics based at the central banks, the wealth of the middle class is being sucked out and transferred to the hands of the elite few. As for those at the lowest end of the scale, during the Covid pandemic, 100 million of them sank into extreme poverty, at the same time as the steepest increase in billionaires on record was taking place. All according to the World Inequality Report published this year. CBDCs to replace existing currencies So how are we going to accept CBDCs if fiat currencies are continuing to fail? They are just another form of the same thing right? In a way, yes. Central Bank Digital Currencies will be foisted onto the public as a digital form of the dollar, pound, yen, yuan etc. They will just take over from physical cash, and also from the current digital forms of currency on mobile phones and credit cards etc. However, there is one incredibly important difference in the CBDC form of digital payments as compared with existing digital currencies. CBDCs will be programmable. For central government this is perhaps wonderful news. For many decades central banks have used the incredibly blunt tool of interest rates, and more recently quantitative tightening and easing, in order to try and tame inflation. Nevertheless, as history tells us, the central banks are either too early or too late to raise or lower rates and they are almost certainly the cause of the boom and busts that world economies have experienced over the years. The shocking truth A CBDC provides the central bank with a direct line between its wallet, and the individual wallets of every citizen. Therefore it can manipulate the economy even down to the micro level. So why is this a bad thing? The technology can allow the central bank to decide what citizens spend their money on. It can put a time-limit on how long the individual has to make a purchase, before the money disappears. And in the worst case scenario, the bank can even turn off the wallets of certain individuals or groups if it is deemed that they are not acting in the interests of the State. Freedom with bitcoin Bitcoin is the complete opposite to the centralised control of the banks, and it allows all who purchase it to own their money, spend it how they wish, and transact with whom they choose. It comes down to a titanic struggle between completely centralised power in the hands of a few individuals, and the decentralised choices that owning bitcoin can provide to everyone. The mainstream media is in the hands of the central planners, and so the public is likely to be blissfully unaware of what is coming. It is therefore hoped that bitcoin can do its thing and prove that a completely decentralised asset is a far better bet than one manipulated by human hands. 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.
23 days agocryptodaily
Why tools are needed to keep Bitcoin private
While bitcoin does have relative anonymity when transacted, a determined third party can usually trace the transaction and find both the sending and receiving wallet addresses. However, tools are emerging that will allow users to keep their bitcoin transactions secret. Contrary to what many mainstream media channels would have us believe, bitcoin transactions are far more traceable than cash. Therefore malicious actors are very likely to keep on using cash for their malpractices, given that it is so much easier to launder and hide from the authorities. However, Bitcoin was designed as a libertarian tool by its creator, Satoshi Nakamoto, and so in these times of huge political uncertainty it could be argued that Bitcoin will need a greater degree of anonymity going into the future. Trucker protest highlights need for transaction anonymity You only have to look at what happened in Canada earlier this year to realise the need for more untraceability around bitcoin. Trudeau and his government went far beyond the norm when they actually blacklisted a number of wallets belonging to those taking part in and supporting the trucker’s protest. Admittedly, a significant amount of funding still got through, but the blacklisting of wallets belonging to law-abiding citizens could be construed as severe government overreach, and where would it all stop? According to an article in the online libertarian magazine Reason, the fact that it was such a difficult task to achieve by the Royal Canadian Mounted Police, means that bitcoin requires far more resources in order to be able to hinder transactions. Alex Gladstein, chief strategy officer at the Human Rights Foundation described the freezing of funds during the Canadian trucker protest, speaking first about cash: "They were able to just freeze it with a phone call or a button click…But with bitcoin, they can't do that. So they have to literally file an injunction. They have to use police officers. They have to go to people's homes," says Gladstein. "It makes the government do the work…which is really important." Emerging privacy tools Nevertheless, the government was able to blacklist bitcoin wallets and also go into homes and cease cold wallets etc. Therefore emerging tools can help to preserve rights. Sparrow Wallet is just one such privacy-orientated tool. Also, integrated into the same wallet is PayNym, which creates a different payment address for every transaction. Also built into the Sparrow Wallet is CoinJoin, which according to Gladstein, is perfectly legal and a great way to combine lots of bitcoin and then break it into pieces again. "[CoinJoins are] legally protected as open source software and free speech," says Gladstein."They are merely their open-source code. There's no one taking control of your bitcoin. It's a collaborative spend. That's completely legal here." Bitcoin exists to protect liberty While all good citizens would wish to respect the law of the land, it would have to be stressed that having the freedom to transact with whoever you want should be completely outside of the jurisdiction of government. Bitcoin was the tool that has allowed the common man and woman to own and spend money that cannot be confiscated or manipulated by governments. It is outside of the failing monetary system, and as such is a lifeboat for those who need it. Making bitcoin more private is a logical progression in these times where our freedoms are being encroached upon. It behoves freedom lovers to find out more about how they can protect themselves. 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.
24 days agocryptodaily
ViralCoin Founder Reveals Why VIRAL Can Flourish During a Bear Market With its Unique Stabilizing Mechanism
Calabasas, CA, United States, 18th July, 2022, ChainwireViralCoin, an emerging cryptocurrency project centered around subscription payments and price stability, has revealed details of its novel stabilization mechanism. According to James McLendon, ViralCoin founder, the ViralVault contract utilizes on-chain arbitrage to keep the price relatively stable, regardless of crypto market conditions. “If the VIRAL price increases too high, then the ViralVault mints additional VIRAL and transfers the newly-minted VIRAL into the liquidity pool. Similarly, if the VIRAL price decreases too much then the ViralVault purchases the excess VIRAL and burns it to rebalance the price,” explains McLendon. According to the project’s founder, there is no incentive to sell or exit early because the token price is broadly the same for all users, regardless of when they bought in. “With ViralCoin, holders earn a 3% reflection on every transaction on the network and the price maintains stability, resulting in peace of mind as their VIRAL balance will continue to increase without drastic drops in the cryptocurrency’s market price.” He adds: “This design allows holders to direct their attention to their VIRAL balance increasing, rather than focusing on price fluctuations, as with many other tokens. ViralCoin is designed to succeed in a bear, bull, or unprecedented market.” ViralCoin is designed to become the gold standard for crypto subscription payments. Holders of VIRAL can pay their recurring subscriptions for various services, simply by spending the excess balance they’ve earned. As McLendon explains, “We’ve reimagined how subscriptions should work, eliminating the need to constantly refill account balances. This is a huge paradigm shift for subscription payments.” The ViralCoin smart contracts feature mechanisms that operate across seven EVM networks to allow “gas stations” to be set up. This enables holders to pay subscriptions with VIRAL instead of using the network's primary tokens (e.g. ETH, MATIC, or BNB). “Requiring a gas token such as ETH to spend another token you are already holding is ridiculous,” ventures McLendon. “This is why the VIRAL gas stations are pivotal to the subscription industry and will allow us to insulate ourselves in a bear market.” ViralCoin is currently raising $10 million USDC for an extended three-year outreach campaign to bring awareness, utility, and community growth, making VIRAL the de facto token of the crypto subscription industry. About ViralCoin ViralCoin is a blockchain-based cryptocurrency project. Comprising the native VIRAL token, a highly engaged community, and the ViralWallet, the project is committed to making cryptocurrency subscription payments more accessible in everyday life. Learn more: https://www.viralcoin.com/ ContactsJoe [email protected]
25 days agocryptodaily
New Blockchain-Based Gaming IP ‘Emboldn’ Promises Gameplay-First Experience
Toronto, Canada, 20th July, 2022, ChainwireNirvana Interactive Inc., a promising new Blockchain game development company, with a presence in Singapore, Dubai, and Canada, has raised a total of US $2.5 million from industry-leading investors in its seed round. The investments were co-led by Megala Ventures, Momentum 6, Polygon Studios, Unix Guild, Vendetta Capital, ABA, WTMC, and a few individual investors. The Nirvana Interactive team is made up of game developers from AAA Gaming heavyweights Ubisoft and Electronic Arts, who have worked on lasting titles such as Assassin’s Creed, Far Cry, Just Dance, FIFA, Need for Speed, Ghost Recon, and Skull and Bones, among others. Centered on the belief that storytelling is at its most powerful in a fun, collaborative, digital ecosystem, – Nirvana Interactive has created a new IP, presenting a new universe for a diverse, global gaming community.Nirvana Interactive’s flagship IP ‘Emboldn’, promises to be an exciting new step in the Blockchain Gaming arena, where a new IP with a rich story, a gameplay-first experience, and a well-balanced game economy is yet to be seen. Unlike a lot of other players in this space, what also sets the Emboldn IP apart is the fact that it tips its hat to significant Crypto communities worldwide – where each character in the game embodies the core values that each Cryptocurrency community possesses. There is a character named Biito who represents maximalists in the BTC community, and another character called Faith who represents the Doge community, among many others. Their unique roles and story in the Emboldn universe mirror the unjust polarities found in societies around the world – and bring us tales of rebellion against corrupt, hollow systems and injustices. All the characters in Emboldn will be part of a grander narrative that will be told through different mediums. “Nirvana Interactive and their Emboldn IP seems to be bringing something new to Blockchain gaming and the AAA fighting games genre. Their focus on creating a narrative-rich universe should appeal to players globally and it’s something we’re proud to support.”said Quyet Huynh, Co-founder of Megala Ventures. On 30th June 2022, Nirvana Interactive released ‘Emboldn – The Awakening Vol. I’ – a comic book that marks the beginning of the Emboldn IP, evolving into a series of comic books, a web-game, and a AAA fighting game - all within the Emboldn universe. This first issue of the Emboldn comic book is free to read at Emboldn.io and will introduce you to an exciting new universe that’s all yours to step into. Join their community on Discord and Telegram to stay updated on the project’s development. About Nirvana Interactive Nirvana Interactive is an interactive entertainment company committed to creating immersive digital experiences for an ever-growing community of players. They are gamers, developers, dreamers, fans, and creators all rolled into one. For more information about the company and the project visit: Twitter | Facebook | Discord | Telegram | Reddit | YouTube | TikTok | Instagram | Medium | LinkedInContactsNirvana [email protected]
33 days agocryptodaily
Project Winners of the TRON Grand Hackathon 2022 Season 1 Milestone Payments Completed
Geneva, Switzerland, 12th July, 2022, ChainwireTRON DAO and BitTorrent Chain (BTTC) have announced the final portion of the milestone payments of the TRON Grand Hackathon 2022 Season 1 project winners have been completed. We’ve seen tremendous progress on all the projects building on TRON. Thank you to all the applicants who submitted their projects in the first season of the TRON Grand Hackathon, and another congratulation to the project winners in all four tracks in Web3, NFT, DeFi, and GameFi. In the Web3 track, contribute to the transition from Web 2.0 to Web 3.0 by introducing useful DAO tools and SocialFi dApps. In the NFT track, we encourage you to embrace the creator economy. In our DeFi track, leverage DeFi to offer convenient financial solutions to everyone. Lastly, for the GameFi track, it’s the next generation GameFi where entertainment meets blockchain. Here are some of the Season 1 winners in each track: In the Web3 track, we have our first prize winner, dCloud by Cctechmx, where they created an Open Source Web3 Cloud storage mobile app enabling its ecosystem to enjoy a self-sustainable and shared economy. Includes a BTFS-powered Cloud Storage mobile app, Free and Open Source Software (FOSS), Renter and Host capabilities, BTTC Wallet Manager, Terminal interface for advanced users, and debugging. The second prize winner is GockeFi by the GockeFi team, and they are building the next disruptive app to help users manage their metaverse investments. By making it easy to track your expenses, earnings, NFTs, and total profit, they’ve turned your over-complicated spreadsheet into an all-in-one GUI. For the NFT track, the first prize winner is VersacBrickSquad by TuruGlobal, a collection of DAOs investing in real estate assets, and jointly managing the assets based on the community’s votes. The platform provides a structure that makes Real Estate investment accessible for TRON users. Our second prize winner is Cubie by Team Cubie, a community-driven NFT GameFi platform empowering users by rewarding them for their engagement and using innovative tokenomics. You can try their new game Cutie Bird here. In the DeFi track, the first prize winner is JustMoney Exchange by JustMoney, which allows crypto users to trade and offer cryptocurrencies on several chains. It also facilitates the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency. The second prize winner is Up Stable Token eXperiment by USTX Team, which aims to bridge the gap between stablecoins and regular cryptocurrencies. USTX’s algorithm aims to reduce price volatility and protect investors' value while providing consistent growth potential. Their long-term goal is to build an ecosystem around USTX that can support the worldwide adoption of the token. Last but not least, in the GameFi track, the first prize winner is TronNinja Arcade by TronNinjas, where the mission is to digitalize the local Arcade and bring back an old art form in a new medium. It’s an NFT GameFi project on the TRON blockchain where you can play games such as Ninja Jump, Duck Shooter, Pinball, and Tetris, all while earning the in-game token TronNinjas Tokens (TNT). Season 2 is underway with a $1 million prize pool and an already higher turnout. We’re coming up on the deadline quickly, so get your projects in as soon as possible. The final day is Monday, July 25, to submit for Season 2 of the TRON Grand Hackathon 2022. Thank you to the participants and winners who have made this inaugural season of the Hackathon an outstanding success. For eligibility, rules, criteria, and further details, please visit TRONDAO.org/hackathon, the TRON DAO Forum, and TRON.Devpost.com/rules. About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 102 million total user accounts on the blockchain, more than 3.5 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsAlexis [email protected]
38 days agocoindesk
Euro’s Fall Toward $1 Parity: What It Means for Crypto
The Euro's decline to parity may add bearish pressures around bitcoin and inject volatility into the EUR-pegged stablecoins.
48 days agocoindesk
Azuro Raises $4M for ‘Decentralized Sportsbook Protocol’
The funding marks the latest injection of capital into the nascent blockchain betting industry.
59 days agocoindesk
Tron's TRX Bumps 27% as DAO Deploys $220M for Token Purchase
Founder Justin Sun has injected over $2 billion this week to support the Tron market.
62 days agocryptopotato
Short Squeeze Coming: Justin Sun Reveals $2 Billion Injection to Save USDD Peg
Justin Sun revealed that TRON DAO's reserve will receive $2 billion to protect the peg of USDD.
69 days agocointelegraph
Indonesia-licensed crypto asset platform Pintu raises $113M in Series B
The latest $113 million fund injection will be redirected to scale the platform’s existing offerings, such as introducing new features and added support for blockchains.
72 days agocryptopotato
China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018
The Chinese central government has lashed out at Xinjiang province’s Zhundong development park for introducing six cryptocurrency mining companies four years ago.
81 day agocointelegraph
Injective partners with Wormhole to bring 10 new blockchains to the platform
“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated.
81 day agocoindesk
Wormhole Bridge Expands to Cosmos Ecosystem
The Jump-backed cross-chain connector will integrate with Injective, an EVM-compatible sidechain of Cosmos.
97 days agonulltx
Bitkeep Adds Injective Protocol (INJ) To Its List of Supported Mainnets
BitKeep is proud to announce that we have added Injective Protocol (INJ) to the list of supported main chains.  Through the support provided, BitKeep will provide Injective Protocol (INJ) users with a convenient means for token investment and token transaction. Users may access the Injective DApp in the BitKeep Dapp browser for fast, cross-chain, low-cost […] The post Bitkeep Adds Injective Protocol (INJ) To Its List of Supported Mainnets appeared first on NullTX.

About Injective

The live price of Injective (INJ) today is 1.8272 USD, and with the current circulating supply of Injective at 65,005,554.33 INJ, its market capitalization stands at 118,780,022 USD. In the last 24 hours INJ price has moved -0.0706 USD or -0.04% while 5,199,573 USD worth of INJ has been traded on various exchanges. The current valuation of INJ puts it at #229 in cryptocurrency rankings based on market capitalization.

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

Injective Price1.8272 USD
Market Rank#229
Market Cap118,780,022 USD
24h Volume5,104,509 USD
Circulating Supply65,005,554.33 INJ
Max Supply100,000,000 INJ
Yesterday's Market Cap118,940,420 USD
Yesterday's Open / Close1.9003 USD / 1.8297 USD
Yesterday's High / Low1.9473 USD / 1.8067 USD
Yesterday's Change
-0.04% ( 0.0706 USD )
Yesterday's Volume5,199,573 USD
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