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Cryptocurrencies/Coins/Smart Investment Fund Token (SIFT)
Smart Investment Fund Token price, market cap on Coin360 heatmap

Smart Investment Fund Token(SIFT)

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118 days agocryptodaily
Devs MIA As Mirror Protocol Suffers Yet Another Exploit
Mirror Protocol is under attack yet again, according to a thread by Twitter user FatMan. The attacker has drained $2 million so far, and this figure could go much higher once markets open on Monday. The only way to stem the tide of the attack is if the dev team steps in and fixes the price oracle. However, so far, there is no word from the Mirror devs. Yet Another Mirror Exploit Mirror Protocol, a decentralized finance application on Terra, has fallen victim to yet another exploit. So far, the losses have been clocked at over $2 million, and if the bug is not patched by 4:00 AM ET, then all of its pools will be at risk. Mirror Protocol enables users to take long or short positions on tech stocks through synthetic assets and runs on the old Terra blockchain (Terra Classic). A new blockchain replaced the old Terra blockchain in the aftermath of the collapse of the TerraUSD stablecoin and the LUNA token, now LUNA Classic (LUNC). However, despite the emergence of a new blockchain, the old Terra blockchain continues to run. Mirror Protocol revealed that the pools for bitcoin, ether and Polkadot have been drained so far. Attack could Get Bigger According to prominent Terra community member FatMan, who was also at the forefront of opposing how the new Terra blockchain was launched, the attacker has stolen over $2 million so far. The pools that have not been drained are tied to stocks that are currently not available for trading until 4:00 AM ET. Once these become available, the attacker could use the exploit for the remaining pools and drain them. Crux Of The Problem The problem stems from the Mirror Protocol’s price oracle. This was revealed by the founder of Block Pane, Todd Garrison, who revealed that a significant majority of the validators running nodes on Terra Classic are running an outdated version of the price oracle. Thanks to this, the nodes are telling Mirror Protocol that each LUNC is worth 5 UST instead of its actual price, which is a fraction of a cent. He stated as much on Twitter, “Please look into fixing the LUNC price oracle, because in a short while, all liquidity pools will be drained, Mirror will accrue irremediable bad debt, and the system will collapse in on itself. This is not the time to be negligent.” The attack has not affected a majority of the tokenized stocks, thanks to the weekend and Memorial Day in the US. FatMan is also the same user who had identified another bug in the Mirror Protocol. The $90 Million Exploit And How It Happened In October 2021, Mirror Protocol had suffered a $90 million exploit, which went undiscovered until last week, when Terra community member and analyst FatMan came across it. The exploit was corroborated by security firm BlockSec after it had analyzed the transaction related to the exploit. When someone bets against a stock on Mirror Protocol, they must lock collateral. However, Mirror’s lock contract failed to check when the same ID was used more than once to withdraw funds due to some buggy code. A malicious entity noticed this in October 2021, and they used a list of duplicate IDs to unlock significantly more collateral than they had. In total, the entity drained $90 million. Exploit Unnoticed For Months The exploit remained unnoticed for seven months, despite the presence of on-chain data, with Mirror failing to report the exploit. BlockSec gave a likely explanation for the exploit going unnoticed, saying that fewer users were scanning for issues on Terra compared to others such as Ethereum. Additionally, there was no way to check the amount of collateral without sifting through a significant amount of data, making spotting the vulnerability even more difficult. However, developers at Mirror patched the vulnerability around the same time the UST began unraveling. Once the vulnerability was fixed, the community began wondering if there was an exploit and if Mirror developers knew about it. Not The First Unreported Hack This is not the first time a hack has gone unnoticed. If you recall the Ronin sidechain hack of March 2022, hackers had stolen $600 million. The hack remained unnoticed for a week before users discovered it, only because they could not withdraw their funds thanks to the gaping shortfall created by the exploit. 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.
164 days agocointelegraph
Montenegro makes Vitalik a citizen, part of plans to promote it as a blockchain hub
The small southeast European nation is beginning to sift through the murky waters of blockchain regulation by granting the Ethereum co-founder citizenship.
226 days agocryptodaily
OpenSea Launches Investment Arm, Opens Applications For Ecosystem Grants Program
Ethereum-based NFT marketplace OpenSea has launched a grants program under its new Ventures division, with the aim of supporting community-driven projects and crypto startups focused on building Web3 applications. In line with the launch of its new investment arm, OpenSea's new grants program is slated to provide funding, advice, technical advisory, and strategic connections to the investment arm's company portfolio. This venture capital initiative will be helmed by OpenSea's co-founder, Alex Attalah. OpenSea currently has active partnerships with Andreessen Horowitz (A16z) and Animoca Brands, as well as Katie Haun (general partner at A16z), and EDM artist 3LAU. OpenSea recently closed a $300 million Series C funding round led by Paradigm and Coatue. As a result, OpenSea's valuation has sprung up to over $13.3 billion, compounded by the rise in adoption and mainstream attention for NFTs, effectively catapulting the platform to being among the leading NFT marketplaces in the crypto industry. According to OpenSea, the investment arm will be focusing on four key areas of NFT and Web3 development, inspired by a “shift to a multi-chain world” that intersperses with protocols that support both fungible and non-fungible tokens. This vision also incorporates strategies for gaming, social, and analytics services. Such a positioning will enable OpenSea to integrate with other platforms such as NFT aggregators that are tasked to collate data on NFT markets. Dubbed as OpenSea's "Ecosystem Grants initiative" the community-oriented grants program will be supporting projects that involve development for user accessibility and developer tooling for NFT functionalities. The grants program will also provide support for the creation of educational resources that promote user inclusivity and general accessibility for the platform. In addition to OpenSea Ventures, the firm aims to support projects emerging from the Web3 community with its Ecosystem Grants initiative. OpenSea aims to support projects that improve user accessibility and developer tooling around NFTs, create educational resources, and promote inclusivity and accessibility. According to OpenSea, on the outset, their organization is looking to support short-term projects with a viability timeline of at least two quarters upon receipt of the grant. OpenSea will assess and evolve its criteria for sifting through applications as it develops the program further. A review committee for the first batch of grantees is yet to be established and the initial qualifications for application has not been disclosed at the time of writing. 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.
269 days agocryptodaily
The Low-Down on Tokocrypto's The Kripto Odyssey (T.K.O) Summit 2021
Tokocrypto, Indonesia's most trusted crypto assets exchange platform, has launched its white paper for TokoToken (T.K.O.) at the recently concluded The Kripto Odyssey (T.K.O.) Summit 2021. The conference was held via Youtube Live, with over 15,000 viewers tuning in from all around the globe in attendance. The Kripto Odyssey (T.K.O.) summit is the second edition of Tokocrypto's T.K.O quarterly summit. This edition aimed to empower the ever-growing crypto community through in-depth knowledge and tutoring from industry experts. There was a lot on the agenda of the organizers of the Summit ranging from potential applications of blockchain, leveraging blockchain technology to solve real-world problems as well as the importance of the role of Covid-19 relief efforts i.e for the storing of medical history, management of supply chains and - secure transfer of data, etc. The conference was split into two panels. The first panel discussed issues cemtered on the transparency of blockchain as well as the application of blockchain and smart contracts together with emerging technologies like artificial intelligence (A.I), 5G to develop to the Metaverse. On the other hand, the second panel provided a general overview of the entire crypto landscape concerning the role of non-fungible tokens (NFTs) in the digital assets world, decentralized finance (Defi), and the uprising of the GameFi megatrend. Applications of Toko Token As a result of the growing popularity of A.I., it's no shock to see Tokocrypto adopting it. In addition, the application of A.I and big data together with blockchain could help transform the Metaverse into a digital reality. In April 2020, Tokocrypto partnered with Binance, and since then, TKO has become one of the primary facilitators of the Tokoverse giving rise to three significant projects i.e (Toko Mall, T-Hub, and an exchange platform. TKO erves various purposes on the Tokocrypto network allowing its users to participate in various platforms such as its TokoMall NFT marketplace. For Indonesians, TKOwill soon be providing discounted trading fees for transactions undertaken via Tokocrypto’s exchange platform. A.I. and Big Data for Blockchain Networks As highlighted by the first panel at the Summit, the deployment of A.I and big data in support of the operations of blockchain networks could help improve data security, transparency and further reduce data breaches in the crypto industry. This is because A.I, unlike humans, can read, understand and sift through data at superhuman speeds, thereby introducing a brand new level of security to blockchain networks. The second panel at the summit highlighted the possibilities for the application of blockchain and the ways in which this technology can be utilized for solving real-world problems like alleviating the Covid-19 situation in Indonesia. Panelist Teguh Kurniawan who is the COO of Tokocrypto emphasized that blockchain can be implemented for various healthcare needs, including seamless data transfer, obtaining medical equipment, proper storage of patient's medical history and managing supply chains, etc. According to him, applying blockchain technology to the Covid-19 pandemic would greatly alleviate the adverse effects of the pandemic. About Tokocrypto Tokocrypto is Indonesia's most trusted crypto-assets digital exchange company. Tokocrypto is the sole issuer of T.K.O., which operates using an unusual hybrid token model combining both Decentralized Finance (Defi) and Centralized Finance (Ceci). Tokocrypto was developed in 2018 by a group of crypto enthusiasts who believe strongly in the benefits of Blockchain technology. The main goal of Tokocrypto is to enlighten Indonesians about the crypto industry and integrate blockchain technology into society and ultimately into the global economy. Over a year ago, Tokocrypto recently joined forces with the world's largest crypto trading platform – Binance. Since then, the Tokocrypto Token (T.K.O.) has gone on to become the central pillar of the Tokoverse – a crypto space that consists of an NFT marketplace (TokoMall), an offline community center (T-Hub), and an exchange platform with endless possibilities of more platforms to come. Tokocrypto is perfect for both first-time investors and seasoned traders. 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.
274 days agocryptodaily
HUMAN Protocol’s New App Goes Live — And Already Has 200k Users
HUMAN Protocol, a project that works to quantize, organize and compensate human labor, today launched its HUMAN app—a web-based platform that lets you complete data-labeling tasks and earn cash. The Singapore-based foundation said in an announcement that the app is a “gateway to work processed on the protocol.” The app had already been released in beta mode but today is fully-functioning—and already has 200,000 users. What is HUMAN? First, what is HUMAN and how does it work? Founded in 2017, HUMAN Protocol powers distributed marketplaces and improves human collaboration by improving machine understanding. In simple terms, it works to automate human tasks. An example? hCaptcha, a verification web application is one application that people use HUMAN for. HUMAN Protocol speeds up and automates the process of checking hCaptcha. It is trying to disrupt Google's reCAPTCHA with a privacy-focused alternative—and is doing a good job: hCatpcha integrated with Cloudflare in April 2020 and it is currently the second-most-used CAPTCHA after Google's reCAPTCHA. Earn Rewards for tasks HUMAN’s app allows people to earn tokens for completing data-labeling tasks. It runs on Ethereum and Polygon networks and is working to support other major blockchains. When users complete tasks like sifting through data for hCaptcha via the app, their rewards are processed through the Polygon network. Polygon, a layer-2 protocol for Ethereum, has attracted a lot of attention lately. Harjyot Singh, Technology Director at HUMAN Protocol, said in a statement: “The HUMAN App showcases what is possible through HUMAN Protocol: hundreds of thousands of users all completing work on the same network via a simple interface that serves as an access point to the permissionless job markets the Protocol enables. “We're thrilled with the success of the beta version and our community's interest in it, and are excited to deliver this major milestone.” Right now, the app is open to anyone who wants to complete simple tasks and earn rewards. According to HUMAN, more tasks will be added in the coming months. HUMAN’s native token, HMT, was today trading for $0.7388, according to CoinGecko data. 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.
293 days agocryptodaily
Decentralized exchanges are growing fast amongst crypto. Learn about MilkyWayEx
How do you up your chances in the DeFi sphere? Check this out While the globally known centralizes exchanges (CEX) like Binance, Coinbase and dominate the Bitcoin trading activity, their decentralized counterparts, the DEX’s, are gaining ground as an alternative. The trustless nature of the DEX’s is a huge part of the WEB3.0 movement, and will help decentralize the flow of data, helping you in maintaining your privacy and security. MilkywayEx – the best of both worlds A new player is around, and it is already rocking the IDO concept, turning it into a viable investment strategy rather than pure gambling. MilkywayEx is a DEX, so any transaction carried out is protected by the inherent decentralization of the Blockchain, while also offering the transparency needed to gain valuable insight into the projects being traded. This means that your trades are purely on-chain, and we do not keep any log over your activity. But at the same time, we gather the most promising projects and token launches, so you do not have to scour the internet on shady sites, sifting through honey pots and rug pulls trying to uncover those gems worthy of your money and support. We take responsibility in our mission to become the most influential token on the Binance Smart Chain in terms of boosting the rise of young, solid projects. We have an ambition to be in the top three most popular BSC launchpads, however this is but a small part of our full suite of options. MilkywayEx is about the community, and you will be able to utilize our native token - $MILKY - as a governance token, in order to get a say in the future of the platform. And the future is bright. On top of launchpads, we seek to offer investors diversified yield farming, chain-bridging and limit orders as well as an advanced analysis tool, and that’s just the tip of the iceberg. Diving deeper into DeFi with MilkywayEx You can consider the entirety of Blockchain a vast ocean, where BSC is a massive island constantly expanding its mass. Around the island are trading hubs such as Pancakeswap, that allows for trading between tokens on the island. Along the edge are a few trading ports that allow for trading between the different Blockchains (Bridging). MilkywayEx is one such trade port. And not just that, it establishes a direct, easy route into the heart of PancakeSwap, allowing for easy exchanging between all available PCSv2 pairs, as well as hassle-free bridging to other chains, such as Polkadot, Polygon etc. We consider this freedom, which is what you need to invest optimally. Burns and taxes. Sounds bad, but it’s actually not.. Proof of burn is one of the most consensus and trustable mechanism methods used by a Blockchain network to guarantee that all participating nodes agree on the Blockchain network's actual and legitimate state. This algorithm is there to prevent any cryptocurrency coin from being double-spent. Proof of burn is based on the idea of "burning" the currency held by miners in exchange for mining privileges. Once a month, the whole MILKY buyback amount will be irreversibly incinerated. And there’s a tax on transactions. I know this is math, and no one likes math, but you might like what the following math means to you as an investor: Each MILKY token transaction will be taxed at 8%, with 4% going to awards, 2% to marketing and project development, and 1% to liquidity pool buybacks (2 percent). The rewards tax will allow any investor with a minimum 1,500,000 $MILKY tokens to be rewarded with the most promising and named BSC blockchain token projects presently. The choice of a custom token and the BNB-to-rewards-token reward ratio are both easily customizable. Milkyway will quickly expand into a well-known and popular crypto enterprise thanks to the marketing and development tax. A completely automated buyback mechanism will be used to keep the MILKY token price stable. Oh, and there’s DeFi lending too!.. Trustless lending with no mediator: No one gets scammed. Did you know: DeFi has the fastest loan growth rate of decentralized applications (DApps) and is the most common contributor for locking crypto assets. In order to make money, you need money. This much is a given. Luckily, this is also possible to do on the Blockchain. MilkywayEx realizes the utility of this, and allows for P2P lending between users in an automated, trustless system which will cater to the security for both parties. In addition, the lending protocol allows the lender to make money by charging interest. 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

About Smart Investment Fund Token

The live price of Smart Investment Fund Token (SIFT) today is ? USD, and with the current circulating supply of Smart Investment Fund Token at 722,935 SIFT, its market capitalization stands at ? USD. In the last 24 hours SIFT price has moved ? USD or 0.00% while ? USD worth of SIFT has been traded on various exchanges. The current valuation of SIFT puts it at #0 in cryptocurrency rankings based on market capitalization.

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

Smart Investment Fund Token Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply722,935 SIFT
Max SupplyNo Data
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