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Prometeus price, market cap on Coin360 heatmap

Prometeus(PROM)

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$7.0952
(2.2%)
0.00030660 BTC
Market Cap (Rank#223)
$116,716,155
5,043 BTC
Vol 24h
$1,802,502
77.8891 BTC
Circulating Supply
16,450,000
Max Supply
20,000,000
3h agocryptodaily
10x During Inflation? Only In DeFi: Uniglo (GLO), Shiba Inu (SHIB), Binance Coin (BNB) Explained

Double-digit inflation currently ravages most economically developed countries and has dominated headlines globally. People have seen their purchasing power drastically reduced, and if they have not seen wage increases in line with inflation, they have taken a significant pay decrease. In this troubled economic time, one sphere continues to develop and grow increasingly fertile: DeFi (decentralised finance). This nascent economic sphere is continuously evolving and increasing its value proposition as it becomes a viable opponent of TradFi (traditional finance) and ushers in a new age of transparent and more equitable finance. The potential for growth in DeFi is incredible, and many investors see huge gains on their investments. Uniglo (GLO), Shiba Inu (SHIB), and Binance Coin (BNB) have been earmarked by several crypto analysts to enjoy serious gains in the coming months. Uniglo (GLO)Uniglo represents a new approach to currency. With inflation destroying the actual value of fiat and market volatility making crypto a highly unstable store of value, the need for a new store of value became glaringly apparent. GLO is a community-owned currency that builds on the strategy employed by the rich to preserve their wealth; asset ownership. Uniglo features buy and sell taxes, 5% goes to the treasury fund to acquire a blend of digital, real-world, and NFT assets to give GLO a stable value-backed floor price, and 2% of each transaction is burnt. This hyper-deflationary token backed by tangible assets is a perfect hedge against inflation. The Uniglo vault will hold stablecoins to protect against volatility, large-cap cryptos to benefit from long-term price appreciation and a selection of high-end physical investments that ordinary investors typically cannot access due to capital requirements. In the prevailing market conditions, the potential for Uniglo to grow is colossal, and this crypto is one of the most exciting prospects for 2022. Shiba Inu (SHIB)Shiba Inu’s native DEX (decentralised exchange) Shibaswap continues to attract increasing amounts of capital, and the other ecosystem tokens, BONE & LEASH, are being used to generate revenue. The SHIB Army are busy earning yields. With promises of a new decentralised stablecoin and a collectable card game soon to be released, this DeFi ecosystem is flourishing. SHIB is undergoing a massive burn event with more than 400 trillion tokens burnt and counting. With a drastically reduced supply, the token’s price is being pushed up and is an excellent choice for investors who want to partake in the lucrative realm of DeFi. Binance Coin (BNB)BNB is the utility token of Binance, the world’s leading exchange ranked by volume, and the native token of the BSC (Binance Smart Chain), the second largest ecosystem within DeFi. This token sits fifth ranked by market cap and is what many analysts call a ‘blue chip’ crypto project. With Binance holding a quarterly burn, the total supply of BNB is decreasing. This token opens the door for the investor to participate in the BSC ecosystem, which hosts PancakeSwap, the most popular DEX by visitor count. Here investors can earn yield with their digital assets, and BNB, trading at $284, will meet its next critical resistance at $336. The bulls are in control, and the next bull market cycle promises incredible gains for BNB holders. 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
3h agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. 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.
6h agocryptopotato
Curve Finance Issues Warning About Compromised Front End Amid $570K Theft
Curve Finance is the latest DeFi protocol to fall victim to a hack.
10h agocryptodaily
Raullen Chai says IoTeX and MachineFi Lab support the Ethereum merge
Citi Group calls the merge the most significant in crypto history since bitcoin launched JP Morgan analyst say that thanks to the merge, crypto has found its floor The news comes ahead of MachineFi Lab’s historic W3bstream launch IoTeX and its core developer MachineFi Lab have announced they are prepared to fully support the Ethereum Merge, which could happen as soon as 19 September 2022. IoTeX is among several other blockchain projects that have come forward, announcing its solidarity with Ethereum's Proof-of-Work (PoW) to Proof-of-Stake (PoS) switch. "The Ethereum merge is one of the most long-awaiting events recently in the crypto and blockchain space," said IoTeX CEO and Co-Founder Raullen Chai. "The entire IoTeX team and I are very excited about Ethereum's transition to a Proof-of-Stake protocol and have ensured we are technically, completely ready ahead of time to support the merge." Chainlink announced it would not support any PoW Ethereum forks and would only support the Ethereum PoS. It called for caution, warning that PoW-deployed smart contracts could behave unexpectedly during the merge. Tim Beiko, the Ethereum developer, leading the software development for merging the current Ethereum blockchain with the Beacon chain, a new proof-of-stake consensus layer, said Ethereum users would unlikely notice any differences in the network's operation. Kraken Intelligence's most recent Monthly Market Recap and Outlook says investor confidence in Ethereum is rising. At the same time, ETH volatility has decreased ahead of the merge, an upgrade that makes Ethereum more environmentally friendly. Chandler Guo, a prominent Chinese Ethereum miner, has expressed opposition to the merge announcing plans to hard fork, a move that Tron's Justin Sun has backed. New York-based banking giant Citi Group also commented on the merge, one of the most significant events in crypto history since Bitcoin launched. The financial institution said that ETH would transition into a deflationary asset among the consequences of the merge and set it on a potential road map to greater scalability through sharding. CoinShares released a report saying, "institutions are flocking to Ethereum for seven straight weeks as the merge nears."Ethereum saw inflows totaling US$16m and is enjoying a near seven-consecutive-week run of inflows totaling US$159 million," the report adds. "We believe this turn-around in investor sentiment is due to greater clarity on the timing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake." According to a Business Insider article, JPMorgan analysts believe cryptocurrency has "found a floor." They argue that the "real driver has been the Ethereum merge and positive data following the launch of the Sapolia testnet in early July and Ropsten testnet in June, indicating the merge is viable in 2022." Investors highly anticipate the upcoming event, it added. The news comes ahead of MachineFi's impending W3bstream release. Launching the world's most advanced data oracle is another milestone in the crypto space that will disrupt the IoT sector by providing a decentralized alternative for the internet connectivity of billions of intelligent devices. As stated by Samsung Next, Draper Dragon, and Escape Velocity Ventures, MachineFi Lab investor, this new digital asset category will undoubtedly shake the Web3 reward economy. It will give back control to billions of people of their data and empower them with revenues of up to $3,000 annually, a figure that will significantly increase over time. 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.
14h agocryptosrus
Curve Finance Comprimised — Here’s What We Know So Far
Yet another DeFi protocol Curve Finance has fallen victim to a black hat. Curve frontend apparently compromised — pls be careful, do not use — Cobie (@cobie) August 9, 2022 Curve Finance announced via their official Twitter that users should abstain from using the ETH-based DeFi protocol. Based on TVL, Curve is the fifth biggest […] The post Curve Finance Comprimised — Here’s What We Know So Far appeared first on CryptosRus.
15h agocointelegraph
Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions
It appears to be an ongoing prank to challenge the novel Tornado Cash sanctions.
16h agocoindesk
Usuario cripto anónimo molesta a celebridades enviando ETH desde Tornado Cash
Pequeñas cantidades de ether fueron enviadas desde una dirección sancionada a celebridades y figuras cripto prominentes el martes.
18h agocryptopotato
Circle CEO Talks Tornado Cash Sanctions and the Fight for Privacy
The executive has promised to comply with the sanctions, but believes the department’s approach surrounding Tornado Cash “appears flawed.”
18h agocryptodaily
3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix
Blockchain-based assets like cryptocurrencies have paved the way for seismic shifts in the investment and financial services sector globally. As per Deloitte's 2021 Global Blockchain Survey, around 76% of the respondents claimed that digital assets like cryptocurrencies are likely to either replace or evolve as an alternative for fiat currencies globally over the next 5-10 years. The sentiment is mirrored by the rally in cryptocurrency prices and the launch of new products. Promising benefits like high returns that are immune to external factors, data privacy, and low transaction fees, these assets are disrupting the financial markets with global applications. For rookie investors who are looking for cryptocurrencies that could yield good returns even when crypto prices are going down, Dogeliens (DOGET), Cardano (ADA), and Synthetix (SNX) are good options. Here's a brief description of their key features. Dogeliens combines meme community power with utility In an effort to replicate the success stories of digital goods derived from dog memes, Dogeliens aims to catalyse the cryptocurrency universe with its niche features. Users can look forward to accessing cool DeFi features on the peer-to-peer platform without any interference from third parties. The open-source platform is built on Binance Smart Chain. The decentralized platform also has its own native token, DOGET, that can be used for a host of transactional purposes like staking and yield farming and also to earn rewards and voting rights. Users will be able to purchase it on presale. The platform's unique feature is that it takes a playful and engaging approach to users' experiences, right from amusing names of features to witty references to dogs, the platform is fun galore. For instance, the platform will offer free educational resources and courses to its users on blockchain technology, decentralized finance, and cryptocurrencies via its two initiatives, University of Barkington and Dogeliens Academy. At the University of Barkington, users could enroll themselves in a diverse program to learn everything under the sun about NFTs, DeFi, and blockchain technology. Meanwhile, at the Dogeliens Academy, users will be able to access a well-managed virtual classroom to educate them about cryptocurrencies, their scope and the course content would include informational videos and articles. A few areas of the facility would only be accessible by paying a fee or by token holders, but the majority of the facility would be free to use. The platform aims to donate 3% of the earnings made on each transaction to its charity wallet. At the end of each month, the Dogeliens community members would vote on the charities to which the assets would be sent. Cardano: Empowering developers with high-performance dApps The Cardano platform uses a proof-of-stake consensus protocol to enable its users to deploy scalable dApps. The network has its own native token, ADA, that can be used for staking, yield farming, and a host of other transactional purposes on the platform. Token holders also get to decide on key proposals concerning the platform's future development and how the treasury funds are utilised. ADA Token holders can earn rewards by participation either through their own stake pool or by delegating the task of staking to a third party. The quantum of rewards earned by a user depends on the number of tokens that are staked. Synthetix: Permissionless futures trading The platform enables its users to create synthetic assets with decentralized features and grants them exposure to real-world assets on a blockchain system. This way, investors can look forward to permissionless and hassle-free derivatives trading on blockchains. Users can also leverage Synthetix's liquidity and debt pools to get optimal prices with little scope for slippage. Synthetix members can use its native token, SNX, for any transactional purpose that they might encounter on the platform. Investors can earn weekly rewards and collateral with their staking activities. Dogeliens (DOGET) Presale: http://ufo.dogeliens.io/ Website: http://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial 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
18h agocryptodaily
Iran Places Its First Crypto-Funded Import Order
Iran has made its first official import order using cryptocurrencies, according to a report by Reuters. A move like this could enable the Islamic Republic to circumvent U.S. sanctions that have left its economy crippled. The order, reported to be worth $10 million, was taken as a first step towards allowing the country to trade via digital assets that bypass the dollar-dominated global financial system, and to allow it to trade with other countries that are similarly limited by U.S. trade embargoes such as Russia. It has not been made clear which cryptocurrency has been used in the transaction. An official from the Ministry of Industry, Mine and Trade said on Twitter, By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries. Iran has been subject to an almost total economic embargo from the U.S. including a ban on all imports, including those from the country’s oil, shipping and banking sectors. Tehran, Iran’s capital city, is one of the largest economies yet to embrace cryptocurrency technologies. However, a study conducted last year found that 4.5% of all bitcoin mining takes place in Iran due to the country’s cheap electricity. Cryptocurrency mining could help the country earn hundreds of millions of dollars that can be used to mitigate the impact of the U.S. trade sanctions. In 2019, the government legalised cryptocurrency mining in the country, and it still strictly regulated the sector. It cracked down on local miners last year over its energy use. Earlier this week, the European Union said it put forward a “final” text to revive the 2015 Iran nuclear deal following four days of indirect talks between the U.S. and Iranian officials. Under this agreement, Iran agreed to curb its nuclear program in return for relief from U.S., EU, and U.N sanctions. Former U.S. President Donald Trump however reneged on the deal in 2019 and restored harsher U.S. sanctions, prompting the capital to violate the agreement’s nuclear limits less than a year later. 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.
19h agocryptodaily
The Ultimate Guide To Zompot (ZPOT)
There is a new cryptocurrency in town that has been piquing people’s interest, Zompot (ZPOT) is all the rave, but what exactly is this token all about? What is Zompot (ZPOT)? The Zompot (ZPOT) project is built on the Binance Smart Chain infrastructure. It was created to provide its users with opportunities that are secure and multi-optional. Zompot (ZPOT) being built on the BNB smart chain gives it the advantage of a stable and reliable network with cheaper transaction fees. This is a project based on the use of sound strategy and planning with adequate preparation. When using Zompot, you can be certain that your investments are protected from inflation while being on a well-secured platform that also provides fast, secure and flexible transactions. Zompot (ZPOT) will protect its users from the shortcomings that are common in traditional financing. Not only is it good for the blockchain industry, but it was also created to be compatible with the Metaverse. The Zompot (ZPOT) Project also aims to assist businesses in countries that are dealing with the negative effects of some factors in the blockchain world. What Can You Expect From The Zompot (ZPOT) Ecosystem? There are a few things you can expect from the Zompot (ZPOT) ecosystem, one of which is; Security: The cryptocurrency space has experienced the loss of a large sum of money between the time span of 2018-2022, and these are just the incidents that are accounted for. The primary reason for these incidents was the result of hackers that were able to find a way to bypass the safety systems that otherwise surround the blockchain world, but with Zompot, security will be one of the main focuses of the network so the users can safely assume that their assets are being protected. Privacy: The blockchain technology can sometimes be vulnerable to a breach of privacy, with transactional details being leaked because of how visible it is to the public, this leads to user information and data being mishandled or misused but with Zompot, that is something that will be paid extra attention to, so the users of Zombot are apparently safeguarded. What Is The Main Purpose of Zompot (ZPOT)? It is no news that crypto is often a victim of volatility due to its original design and the way the cryptocurrency market operates. This can trigger multiple effects that affect the market, inflation is one of the most common and dangerous one. Zompot (ZPOT), however was created with the use of blockchain technology to combat the challenges that are currently being faced. It was built with the lofty intent of beginning a new world era in both currency and fiat. Zompot's (ZPOT) main goal is to solve the issue of security and privacy in the blockchain industry by providing users with a transparent version of all their transactions. Zompot has claimed that it has found a way to create a secure world for people involved in the blockchain industry and while it is a very promising token, it is still important to do your due research about it should you have any interest in purchasing it. 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
20h agocoindesk
Someone Is Trolling Celebs by Sending ETH From Tornado Cash
An anonymous crypto user sent small amounts of ether from a sanctioned Tornado Cash address to celebrities and prominent crypto figures on Tuesday.
1 day agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Is crypto the answer to the long standing Universal Basic Income (UIB) conundrum?
From the outside looking in, universal basic income (UBI) can be viewed as a socio-political fiscal transfer policy that seeks to provide individuals — living in a certain region — with seamless access to a legally stipulated stipend without any caveats involved. Such a scheme is applicable on multiple levels, i.e. nationally, regionally, or locally with the idea having garnered a lot of interest from governments across the globe. However, despite this growing interest there have been no countries that have actually been successful in implementing a UBI model for a considerable length of time, even though some governments have launched similar-themed programs in order to provide for the neediest sections of their respective societies. For example, back in 2011, the middle-east nation of Iran rolled out an unconditional cash transfer scheme — worth approximately $45 — for its population in an effort to phase-out subsidies on bread, water, electricity, heating, and fuel. The amount was about 29% percent of the nation’s median household income on average. However, the program had to be dialed back as some Iranians came to believe that it was disincentivizing people to work. The largest and longest lasting UBI experiment in the world is currently taking place in Kenya, where a charitable organization called GiveDirectly has been doling out monetary handouts to a little over 20,000 people, spread out across 245 rural villages, since 2016. That said, one of the key criticisms of UBI has been that it often gives too much money to families that don't really need the assistance while providing little help to those people who really do. Crypto, DeFi and UBI — The larger picture There’s no denying the fact that the cryptocurrency industry — the decentralized finance (DeFi) market, in particular — has been able to accrue a lot of wealth for its early adopters, with many of these individuals now looking to give back to the underprivileged. Infact, just recently many seasoned industry personnel such as Ryan Selkis, Dan Matuszewski, Haseeb Quresh, amongst others promised to donate 1% of their wealth to charities through a project called The Giving Block. In this regard, the idea underlying a crypto-generated UBI scheme too has garnered a lot of attention recently. For example, GoodDollar is an initiative that uses yield farming to dole out digital asset-hinged stablecoins for free so as to promote financial inclusion on a global scale. To elaborate, the project creates and issues a stablecoin ($G) which can then be distributed daily to its users in the form of a universal basic income (UBI). To date, the GoodDollar has helped distribute a total of $223,673.27 as free income to its backers. The model is propagated by network participants who continue to deposit assets onto the platform and subsequently yield farm them using decentralized finance (DeFi) protocols including Compound or Aave. A majority of the accrued interest is returned to its supporters while the rest is used as collateral for new $G tokens which are then distributed on a daily basis. It is worth mentioning that late last year popular digital asset investment platform eToro announced that it was going to be committing $1 million to the protocol, thereby supporting the nonprofit’s effort to help close the wealth parity that exists across the globe using DeFi and smart contract technology. Other similar initiatives include Global Income Coin, a crypto non-profit that delivers a universal basic income of $1 a day to any person in need situated in any part of the planet. The initiative was recently able to raise $2M worth of funding from Sid Sijbrandij, the co-founder and CEO of GitLab Inc. Lastly, since the start of the year, ex-Twitter CEO Jack Dorsey has been talking about the possibility of a Bitcoin powered UBI platform that can help combat global poverty. UBI on the horizon thanks to crypto tech? As crypto-enabled technologies continue to gain an increasing amount of mainstream traction, it stands to reason that their use will continue to expand into realms previously thought to be unimaginable (such as various basic income schemes). In this regard, as more and more corporations from the realm of traditional finance start to become more conscious, they can donate small sums of money to protocols such as GoodDollar and Global Income Coin to help those in need using blockchain technology. Thus, it will be interesting to see how the future of this financial niche plays out from here on end. 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
1 day agocryptodaily
Chronoly.io Maintains 560% Growth For Weeks, Tezos (XTZ) And Stella (XLM) Continue Downward Spiral
The cryptocurrency market remains an uncertain terrain to dive into without proper trading skills and the knowledge of how the market works. Today, the market is up with investors "cashing out" big time. The next few minutes, the same investors are counting their losses. Despite the fluctuating nature of the crypto market, there are still some tokens that have managed to sustain their growth trajectory. These tokens have an experienced developmental team that has left no stone unturned in a bid to offer their users more value. Chronoly.io is a novel token that suits this description. While Chronoly has continued to maintain a 560% gain for weeks now, Tezos (XTZ) and Stella (XLM) appear to be on a downward trend. Read on to find out what the respective projects are doing to beat the negative market sentiment. Chronoly.io Has Everything To Surpass Popular Tokens Chronoly (CRNO) has been predicted to be the next big thing to happen in the crypto and NFT market. Despite the prolonged bearish market that plummeted the prices of most cryptocurrencies, Chronoly.io (CRNO) token maintains 560% growth for weeks. "Chronoly is bound to refine the NFT and cryptocurrency space," an investor who just purchased the token in the presale said. Chronoly.io is an Ethereum-powered marketplace offering fractional investments in luxury watches on a DeFi. Chronoly's focus is to lower the financial barrier of participating in the luxury watch investment business. CRNO, the project's native token, comes with lots of real-world use-cases, including granting token holders access to club membership and earning passive income from staking. The Chronoly.io team plans to collaborate with big influencers in the metaverse gaming space to offer more value to gamers and investors. Industry experts have predicted that the price point of CRNO might hit $1 in the coming weeks if the team continues in this trajectory. Including CRNO in your portfolio can be a game-changer, as the project is still in its early stage. Chronoly'sroadmap highlights different activities for its phrase three, including building strategic partnerships, expanding influencer outreach, and launching a lending protocol. Tezos (XTZ) Continues To Innovate To Offer Value Tezos (XTZ) has continued to suffer a price setback despite a halt in the global prices of most cryptocurrencies. The Tezosteam has promised users that it will continue to improve on its outlook to offer more value. Experts believe that improving Tezos' use-cases will further stabilize the token price point. Tezos is a smart contract platform that developers can leverage to create decentralized applications. It gained prominence as one of the leading blockchain-based projects to first implement the proof of stake consensus algorithm. Despite the fact that projects like Cardano and Solana have also implemented the proof of stake consensus algorithm, Tezos has not slowed down its innovative drive. Its native token, XTZ, has a wide range of use cases, including for the payment of goods and services on the Tezos protocol. Token holders can also use the token to participate in governance voting. Founded in August 2014 by Arthur and Kathleen Breitman, Tezos has a foundation geared towards supporting the community members. As of press time, Tezos (XTZ) trades for $1.78 USD with a 24-hour trading volume of $37,273,070 USD. Stella (XLM) Announces Smart Contract Platform “Soroban”, Plans To Extend Gains In the last 24 hours, Stellar (XLM) has been trending downward. This may not be unconnected to the global market sentiment. Popular coins like Bitcoin and Ethereum nosedived during the crypto waves, and now they are ready to enter into support. In a bid to offer more value to users and extend its gains, the Stellar (XLM) developmental team recently launched a smart contract platform known as "Soroban." The initiative to launch Soroban is part of the company's drive to encourage massive token adoption and offer more value to users globally. The announcement invited developers to jump on the bandwagon to create their own unique contracts. Once Soroban becomes active, Stellar (XLM) will provide users with a wide range of use cases, including transforming payment systems to compete with major blockchains like Ethereum. The team's focus is to provide investors and traders with an accessible, user-friendly, and scalable platform. Soroban has the potential to revolutionize the smart contract niche in the crypto industry. Soroban will be independent of the Stella (XLM) network but will be paired with XLM to provide users with equitable access and accessibility. According to Stella's (XLM) roadmap, the team plans to improve on the project in terms of participation, demand, and scalability. As of press time, Stella (XLM) trades at $0.114885 USD with a 24-hour trading volume of $126,162,543 USD. For more information about Chronoly.io presale Website: https://chronoly.io/ Telegram: https://t.me/Chronolyio Presale: https://presale.chronoly.io/register Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
Lawrence Dallaglio Appointed Strategic Global Advisor for Caduceus to bring Sport into the Metaverse
London, United Kingdom, 8th August, 2022, ChainwireCaduceus Metaverse Protocol (CMP) today welcomes on board English World Cup Winning Rugby legend Lawrence Dallaglio in a vital new advisory role Caduceus is the world’s first Metaverse protocol with edge-rendering technology to bring developers, creators, and users on an unrivaled Metaverse experience. In their quest to introduce web3 technology to the wider public, they have now signed up Lawrence Dallaglio to work in an advisory role. Lawrence has genuine legend status in the game of rugby and has been inducted into the Hall of Fame. He played every minute of England's World Cup in 2003 and now, alongside a full calendar of presenting appointments, Lawrence is a respected businessman having founded several successful ventures and also works as a prominent pundit for BBC and BT Sports. Lawrence has a unique ability to engage with his audience alongside respect from his peers. Coupled with broad business acumen, this makes him an obvious choice to work with Caduceus on this project. Lawrence says, “I’ve been itching to find the right project to work on in the web3 space. I’ve had many approaches recently but nothing looked credible. I’m only interested in working with the best in class. The team at Caduceus stood head and shoulders above the others, this is going to be a very exciting journey.” Tim Bullman of Caduceus says, “‘It took time to find the right person for this important advisory role, we needed a good business head as well as being respected in the sports world. Lawrence is the perfect fit for us. We expect to have a lot of fun with this project, as well as being fully focused on education where possible.” About Caduceus Caduceus is the Metaverse protocol for decentralised edge rendering, an infrastructure-level open blockchain platform specifically built for the metaverse and the decentralised digital world. It’s manufactured with next-level processing power and rendering capabilities and has been formed and developed by prominent investors and blockchain specialists. For more information visit: Website | Medium | Discord | Telegram | Twitter ContactsAlex JukesJukebox [email protected]
2 days agocryptopotato
Binance and WazirX Promise to Cooperate With ED on Ownership and ‘Shady’ Transactions  
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BREAKING: Likely Solana Wallet Hack Culprit Revealed
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About Prometeus

The live price of Prometeus (PROM) today is 7.0952 USD, and with the current circulating supply of Prometeus at 16,450,000 PROM, its market capitalization stands at 116,716,155 USD. In the last 24 hours PROM price has moved 0.0506 USD or 0.01% while 2,216,881 USD worth of PROM has been traded on various exchanges. The current valuation of PROM puts it at #223 in cryptocurrency rankings based on market capitalization.

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

Prometeus Price7.0952 USD
Market Rank#223
Market Cap116,716,155 USD
24h Volume1,802,502 USD
Circulating Supply16,450,000 PROM
Max Supply20,000,000 PROM
Yesterday's Market Cap120,483,740 USD
Yesterday's Open / Close7.2736 USD / 7.3242 USD
Yesterday's High / Low7.3507 USD / 6.8993 USD
Yesterday's Change
0.01% ( 0.0506 USD )
Yesterday's Volume2,216,880.80 USD
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