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0.00001971 BTC
Market Cap (Rank#81)
26,188 BTC
Vol 24h
245.879 BTC
Circulating Supply
Max Supply
3 days agocryptodaily
+35 leading Tron & Bittorrent chain projects and Partners launch the sTRONger Together Challenge, an ecosystem initiative
Paris, France, 15th August, 2022, ChainwiresTRONger Together Challenge, an initiative highlighting the best projects within the TRON and BitTorrent Chain ecosystem, has launched its first season. The month-long showcase led by Visions of Blockchain will feature close to 40 decentralized projects focused on such verticals as GameFi, NFTs, DeFi, and Esports and not only. Over $10,000 USDT will be given away to the TRON & BitTorrent Chain communities during the course of the challenge. sTRONger Together Challenge has been conceived as a direct way to give back to the TRON & BitTorrent Chain communities while encouraging them to support TRON and BitTorrent projects. It’s an opportunity to shine a light on the thriving ecosystem, and demonstrate the many ways in which TRON and BitTorrent are evolving in tandem. In addition, the challenge will emphasize the spate of building that has been continuing apace all year on TRON, despite market conditions. Starting on Monday August 15, sTRONger Together Challenge will feature one social media post per day for 30 days. Each post will highlight the work of one TRON or BitTorrent Chain project and include an invitation to interact with its platform and community. TRON and BitTorrent projects and their communities will be invited to participate by sharing, liking, reposting, and engaging in other social activities that will spread the word. For each day that the challenge runs, a community airdrop will be conducted, with a total of over $10,000 USDT to be given away during the course of the campaign. Welcome to #theSTRONgerTogetherChallenge be tuned for more updates in our official channel - Projects that will participate in the sTRONger Together Challenge include the following: 4thTech Adshares AhoyConnect Allbridge APR Marketing Arabian Camels BabyTuru Capitol Lion Carpe Diem Savings Crypto Challengers Coinmarketleague Crystl Finance Cubie dCloud Deba's Wulf Pack Elk Finance HUMAN Protocol Indacoin InterCrone World JustMoney Kattana Legends of Elysium MasterBlox Neotech Finance NFTmall RUA Games RUA Legends SaTT T-Rex Punks ThanX Finance Tokenomeme Tron Web3 Domains Tronbies TronNinjas Tronbakery USTX VersacBrickSquad Visions of Blockchain XDAO About Visions of Blockchain - META MULTIVERSE CORP S.R.L Visions of Blockchain is an advisory agency dedicated to supporting web3 projects with a focus on the social and financial impact the technology can bring to everyday lives. sTRONger Together Challenge is its latest initiative to engage the Tron DAO and BitTorrent Chain communities, united by an ethos of mutual support, solidarity and inclusiveness. We don't forget that behind every innovation, there are humans building for humans. ContactsVoB Founder & sTRONgerTogetherChallenge InitiatorLaurent [email protected]
16 days agocryptodaily
Elevate Yourself To The Next Level Of Wealth: (GLO), Stacks (STX) And BitTorrent (BTT) Show Huge Potential
If you're looking to elevate your portfolio into the stratosphere and hopefully take you into the next level of wealth, you're in the right place. There are still plenty of opportunities to make money in the crypto space, despite overall market conditions. You just have to be careful in selecting the right coins. That's because for every new project that goes onto huge successes, there are even more that sink without a trace. But if you do the right research, listen to industry experts and focus on the right projects---there's still a ton of potential to make a huge amount of money out there. And experts recently picked 3 top crypto ideas that are still in their infancy. These give you the perfect opportunity to invest in a project while it's still new, and hopefully ride the upside all the way to the top. Unlike getting into BTC or ETH right now, you might not be too late to the party with Uniglo (GLO, Stacks (STX) and BitTorrent (BTT). Uniglo (GLO) Uniglo is perhaps one of the most interesting projects we've seen in the space for some time. The highly-credible team behind it have created a completely deflationary token that's both asset-backed and community-driven. This makes it well placed to solve the world's inflation problems, and gives people a solid base coin price that they can have faith in. With full 1:1 asset backing in a range of diversified products, GLO isn't reliant on any one product for success. All of these credentials and more make Uniglo the future of digital finance, and now could be the perfect time to invest. Stacks (STX) Stacks introduces a new way to earn Bitcoin with stacking, a revolutionary concept that makes it easy to benefit from smart contracts for newcomers. The Stacks network has a range of solutions for the DeFI space, including app development options, NFTs and more. Experts like Stacks' innovative range of solutions and think they could become an even bigger part of the crypto space over the coming months. That's why it's recommended for your portfolio. BitTorrent (BTT) BitTorrent have created a tokenized way to help the file-sharing world. You may have already used BitTorrent as your torrent platform of choice, and BTT supports a range of different decentralized file sharing solutions. As real-world use for different blockchain tech increases, BTT could be at the forefront. Conclusion Now could be the perfect time to invest in GLO, STX and BTT. They all help improve the crypto landscape, and could have a big part in its future growth. Find Out More Here: Join Presale: Website: Telegram: Discord: Twitter: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
37 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, the TRON DAO Forum, and 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]
42 days agocryptodaily
Crypto Today: Can Xchange Monster (MXCH) And ApeCoin (APE) Rise By 1000000% Like Shiba Inu (SHIB)?
The cryptocurrency market has grown significantly in recent years but it is the gaming section of the cryptosphere that has been attracting everyone. Gaming has been a source of entertainment for plenty of people but it has also become a source of income and crypto enthusiasts are not missing out on this opportunity. Once you are in the cryptosphere, there are plenty of investment options and profitable assets you can acquire such as NFTs, meme tokens, and more. Is Shiba Inu (SHIB) The Most ProfitableMeme Token? Since launching in 2020, Shiba Inu has been one of the most successful meme tokens in the market considering that it was initially created as 'an experiment in decentralised spontaneous community building'. The SHIB Token is known across social media and crypto forums as the 'Dogecoin Killer'. This is not only due to the popularity the token gained by being supported by Elon Musk but also because it is part of the Shiba-Inu-themed token family. The Shiba Inu ecosystem features a variety of assets you can acquire. The main asset of the network is the SHIB Token which is highly profitable and managed a growth rate of 49,000,000% in 2021, outperforming the 3100% growth of Dogecoin. It further allows token holders to buy, sell and trade tokens on the platform. The Shiba Inu ecosystem is decentralised and has more than 58,500 community members. ApeCoin (APE) Is Surviving The Bear Market Launched in 2022, ApeCoin has been making headlines due to its popularity. Investors expected the token to succeed in the market because it is another project developed by the Bored Ape Yacht Club. Although we have entered a crypto winter, market analysts expect that the APE token should continue to rise in value because it benefits from the popularity of the third most valuable NFT project on the market - Apecoin NFTs. But the platform's main asset is the APE token. The coin managed to rise by more than 1,000% in hours when it first entered the market. Although the token suffered with the market crash and witnessed a 65% fall, it is showing signs of recovery during the current bear market. Last week, ApeCoin managed to rise about 35%. Xchange Monster (MXCH) Is Still In The Presale Stage Xchange Monster is new to the cryptosphere and currently in presale which gives buyers an opportunity to purchase the token before it is priced in the market. The platform has taken GameFi enthusiasts by surprise as Xchange Monster promises to bring revolutionary features to the gaming industry and provide gamers with more power and governance over their gaming experience. Not only does Xchange Monster allow you to make money within the metaverse while being entertained, but it contains in-game assets like NFTs and tokens that you can buy. This includes the MXCH token, which is the platform's governing token. The currency is now available to buy and will sell for $0.45 before increasing in a private sale to $0.5425. Once it starts the Public ICO, the MXCH token will sell at $0.6750 per coin.If you are looking forward to surviving the crypto winterwhile alleviating the overwhelming pressure to keep up with the market, you can invest in tokens that are known to do well under these circumstances like SHIB and APE. Another way to avoid extensive and constant market analysis is by purchasing tokens that have not been priced in the market, such as the MXCH token Join Xchange Monster’s Presale: Disclaimer: This is a sponsored pressrelease, andis 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.
46 days agocryptodaily
The Launch of Xchange Monster (MXCH) - Can it Reach the Heights of Dogecoin (DOGE) and Avalanche (AVAX)?
The cryptoverse is dusting itself down and assessing the damage that crypto crash 2022 has inflicted. The great news is that prices are at year-long lows in some cases, which means that this is a fantastic time to buy crypto, as prices of certain coins will certainly rise over the coming months and years. Which coin to buy into? Let's check out big leaguers Dogecoin (DOGE) and Avalanche (AVAX) to see how they are moving forward, and also examine an exciting new member of the cryptoverse, Xchange Monster (MXCH). Dogecoin (DOGE) Buyers Ask - What Crypto Crash? According to DogWhaleAlert, which is a platform that tracks the movements of Dogecoin (DOGE), 800,000,000 Dogecoins were transferred over a 24-hour period earlier this week. The surprising thing about this is that the phenomenal amount of DOGE transferred took place in just three transactions. An interesting peek into the world of the crypto elite shows that despite the recent retreat in the market, crypto is still very big business. The total value of the three transactions, that were made from three different wallets to an unknown wallet, is $57,888,800. Not bad for a day's trading. Even more eyebrow-raising are the fees for the transactions that DogWhaleAlert also tweeted, which were $0.16, $0.08, and $0.058 per transfer. Fantastically low fees for such humongous transactions show the merits of trading in crypto, as no bank in the fiat world would ever be able to match this kind of value. Xchange Monster - A Revolution in P2E Gaming One new platform that is offering lower than average transaction fees is the brilliant Xchange Monster (MXCH). A new cryptocurrency exchange platform that is focussing on the GameFi sector, Xchange Monster (MXCH) is a new project that is getting a lot of attention. The Xchange Monster wallet is already fully integrated into the crypto exchange. With this versatile multi-chain wallet, users can store cryptocurrency and fiat money, and make transactions easily and at instantaneous levels of speed. The Xchange Monster (MXCH) development team is focussing on combining the play-to-earn (P2E) gaming market with the cryptocurrency world to offer gamers a one-stop-shop to easily utilise the financial gains that they have earned while playing the game of their choice. Xchange Monster is fully doxxed and boasts a team of experienced developers who have worked in some of the top jobs in tech over the last few years. Fully monitored by recognised regulators in Switzerland, Xchange Monster also boasts water-tight security and regulation. Avalanche (AVAX) Joins Forces With Coinbase Wallet The end of May was a bearish period for the entire crypto market, including Avalanche (AVAX). However, it also coincided with the announcement from a major currency exchange platform, Coinbase Wallet, that it was now accepting token swaps on the Avalanche (AVAX) and BNB (BNB) blockchains. Great news for Avalanche (AVAX) buyers and users, as they would inevitably see a lot more traffic on their platform. Avalanche (AVAX) has remained a very popular coin with high usage since it launched in 2020, mainly thanks to its key metrics including its scalability and low costs. AVAX can boast of handling up to 4,500 transactions per second at relatively low costs. All of the crypto projects discussed above have great potential for profits in the coming months. Maybe you want to enter the surreal yet highly lucrative world of meme coins with Dogecoin (DOGE), or perhaps a more utility-rich project like Avalanche (AVAX) interests you more. However, if you want to get in on the ground floor with a new and potentially record-breaking project that is at the cutting edge of P2E gaming, then check out the links for Xchange Monster (MXCH) below. Learn more about Xchange Monster (MXCH): Presale: Website: Discord: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease, andis 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.
48 days agocryptodaily
How Xchange Monster (MXCH), Decentraland (MANA), and Solana (SOL) Are Evolving The Metaverse and GameFi
Recently the world of GameFi has been an ever changing and evolving domain with many start-up projects racing to get ahead by releasing early versions of their play-to-earn game. The concept is clear, the more you play, the more you earn. The rewards usually come in the form of the game's native token which is then available for trading on some DEXs, but still, in the early stages, there are limited options for exchanging your tokens for other, more stable, currencies. Nevertheless, GameFi is expected to take off in the coming years as developers and users alike understand the mutually beneficial model behind the play-to-earn concept. The issue of trading these in-game assets though is one that needs to be addressed before the system can really take off, and that is exactly what Xchange Monster (MXCH) is looking to do. Xchange Monster will partner with gaming companies to allow their native token MXCH to be used for purchasing in-game assets and potentially used as the native currency for rewards. The rewards will tradedable on the Monster Exchange and stored securely in their Monster Wallet. From the Wallet, you can also cash out your rewards and tokens into Fiat or deposit them directly to your bank. Xchange Monster is well-positioned to be able to link the world of gaming and finance together by providing a platform that is essential for the development of the industry and will allow users greater fungibility over their assets. The company is currently in the initial presale stage of its token MXCH. It can be purchased via visiting its website. If you are interested in the world of gaming and the developments of GameFi then you should check out their website and whitepaper to learn more about the project. Enter the Metaverse One of the most hyped Metaverse projects is Decentraland (MANA). Decentraland allows users to build their own virtual world and customise every detail by in-game purchases via their NFT marketplace using their native token MANA. The project has been touted as the Minecraft of the future which is a bold statement given that Minecraft is, one of, if not the most successful game in recent times. However, given the autonomy of the platform, and how you can build and interact with other users the comparisons are obvious. While you can interact with other users in Decentraland, currently you are only able to do so in an independent environment. This means that users will see different images and interact with the virtual world independently, as changes in the environment are not shared across users. This is something that we expect to change in the future and will be an excellent addition to the evolution and success of Decentraland. Nevertheless, the project offers users complete fungibility of assets and a level of interoperability within the virtual domain that very few other projects allow. Decentraland is one of the pioneers of the Metaverse and as the evolution continues expect Decentraland to be an industry leader. Solana is powering the Metaverse The technology behind building and empowering the Metaverse is essential for successful projects to emerge and the ecosystem to grow. Solana (SOL) is one of the most popular layer-1 blockchains that developers use to build out these Metaverse projects. One of the most hyped Metaverse projects is built using Solana and that is Star Atlas. Star Atlas is a GameFi Metaverse project that has chosen Solana as its blockchain of choice because of Solana’s commitment to decentralisation, the ability to link an NFTmarketplace seamlessly, and the potential that Solana has in being the trusted network to power the Metaverse. Solana has been ramping up their expansion plans recently with the announcement of its flagship phone, Saga which will further connect the world of Web3 and the Metaverse to users. With these developments, coupled with strong technological fundamentals the future looks bright for Solana. Be a part of the transition into the Metaverse and GameFi The Metaverse and GameFi are expected to be the next generation of gaming and getting in early with projects and protocols that will enhance the developments of the new industry could lead to strong monetary gains. As always it is imperative to do your research, but don’t miss out on being a part of the transition into the Metaverse and GameFi. Presale: Website: Discord: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease, andis 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.
49 days agocryptodaily
Cryptos That You Should Add to Your Portfolio Xchange Monster (MXCH) and Ripple (XRP)
The way the world once operated is not how things are operating now, with technology evolving in ways we never would’ve imagined. Since 2008 when Bitcoin made a name for itself and shed light on the cryptocurrency market, it is now estimated that corporations and institutions will spend approximately 20 billion dollars on blockchain services by 2024. During the Covid-19 pandemic, the crypto community experienced a bull run. One community that benefited a lot from the pandemic was the GameFi Sector, as people were forced to stay indoors gamers were making money whilst doing what they loved. In 2020 we saw the emergence of Axie Infinity which was deemed to be revolutionary for gamers as the incentives were enticing. Blockchain gaming allowed players to monetize while also receiving lucrative rewards for their participation. One gaming crypto that is on the rise is Xchange Monster (MXCH), let's take a look at them and Ripple XRP to see what they have to offer. Xchange Monster (MXCH) Trade and Exchange Anywhere and Anytime Xchange Monster (MXCH) is a trusted and well-protectedcrypto platform that is pertinent for the growth and evolution of the blockchain gaming market. As a progressive organisation, Xchange Monster is meticulously designed with a strong sense of understanding of the importance of regulation in blockchain technology. Xchange Monster (MXCH) is a practical crypto platform that brings together both the crypto gaming community and gaming publishers through the creation of a value-driven ecosystem. Xchange Monster will make it a priority to strengthen the liaison between gamers and operators for a renovated gaming experience. The Xchange Monster native token, MXCH, will be available for sale on the main exchange platform. Xchange Monsters users can store these tokens and cryptocurrencies in their Monster Wallet which will be accessible in the Monster App. Is Ripple (XRP) One of the Best Exchange Platforms in Crypto Ripple is a decentralised network that expedites Peer-to-Peer (P2P) transactions in an extremely efficient and rapid manner. The XRP ledger can execute transactions of around 15k per second, it is scalable to a global level as its transaction fees are less than a penny. XRP is the native token of Ripple, with its main function being a medium of exchange. The token will be used as a pool of liquidity, allowing users to transact from one currency to another without the need for a central authority. For example, if a business or a bank needs to send money to a financial institution in another country, the bank would have to make a wire transfer and convert their money to another currency to pay the recipient in their respective currency. This probably sounds normal as things have been this way for years but this process takes many days to complete and it is quite costly due to the amount of movement needed to make the transaction happen. Final Thoughts The play-to-earn structure within the GameFi sector is attracting a lot of gamers, as it provides them with a means of making money and gaining rewards. The future is looking bright for the blockchain gaming industry, with experts estimating it to grow to $50 billion by 2025. Xchange Monster (MXCH) are building up a name for themselves in the gaming industry and also have notable features that not a lot of gaming cryptos have; it will be interesting to see the growth of Xchange Monster over the upcoming months as they plan to launch in the fourth quarter of the year. Xchange Monster Links: Presale: Website: Discord: Telegram: Twitter: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
50 days agocryptodaily
A Guide to Finding the Best Crypto Presales: How BoostX and DAO Maker Compare
When searching for a presale project to buy into, it can be difficult to find the best ones. With an endless list of features that presales hold, it can be tough to compare and contrast the presale of every project. Although launchpads were created to make it easier for crypto enthusiasts to access the best presale projects and compare them, not all will provide the best ones. However, BoostX and DAO Maker are two of the better launchpads in the market as they offer additional features to both project creators and users to make it easier to find the best presales. The Presale vs the Project It is important to establish the difference between what makes a project strong vs its presale. For example, what makes a project strong is not based on the launchpad promoting it, but many launchpads play a role in the strength of its presale. For example, with the use of BoostX’s dynamic dashboard, project creators can customise their project’s presale to make it more attractive to users. This allows project creators to have the option of choosing the features they want to include in their presale such as dynamic or static pricing. This is important because creators have control over their presale and ultimately its success. Dynamic Pricing vs Static Pricing BoostX provides users with a range of projects that have different pricing options. As project creators are given the choice between dynamic or static pricing, depending on what users are looking for, some will be more successful than others. Dynamic pricing means that prices vary day-to-day and are likely to increase over time, especially as the project gains popularity. However, static pricing means that the price of the token will remain constant throughout the presale. Whilst many projects and users choose dynamic pricing to earn more profit, users that purchase tokens later in the presale may prefer a project that has static pricing. Hence, it depends on the user to determine which feature makes the presale better for them. This is the main reason why BoostX is one of the better launchpads in the market as it provides more options, as well as a diverse range of projects to choose from, allowing users to compare them before making a decision. BoostX vs DAO Maker DAO Maker differs from BoostX as it focuses primarily on IDOs and blockchains and does not have any customisation features. Nevertheless, it is a successful launchpad as it features a blockchain advisory service for startup projects. This allows them to receive expert advice on creating the best project and presale possible. Hence, many users like using DAO Maker as they know every project has been given advice and can find good presales on this launchpad. Whilst both launchpads are successful and useful when it comes to searching for the best presale, it seems as if BoostX may be the better choice as there are more features and diversity. This allows users to conduct research at ease and find the best project to suit their needs. From pricing, rewards, and more, BoostX is a great place to start your research and find a strong presale. Learn more about BoostX here: Website: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
53 days agocryptodaily
How To Improve Bitcoin Miner Margins Without Solely Depending On Bitcoin Price Appreciation
Bitcoin mining is no longer as profitable as before - it sounds harsh, but it is true. Generally, the profitability of bitcoin miners is influenced by two factors: the price of BTC and the cost of electricity and other equipment (mining rigs, etc.). The value of BTC is down by nearly 67% from its previous all-time high. On top of that, the bitcoin mining difficulty has increased exponentially in the past few years. The process of mining Bitcoin consists of completing recent transactions in the blocks by solving extremely complicated computational puzzles. Miners must continuously upgrade their devices to achieve maximum computational power as they compete against one another to solve increasingly complicated puzzles. These high-end devices require a lot of energy, which leads to increased electricity consumption and carbon emissions. With the Bitcoin mining difficulty now at an all-time high, the entire process takes enormous time and resources. As a result, many miners are finding it extremely difficult to sustain their operations because the cost of production has exceeded the profit margins. Besides that reality, deteriorating market conditions are adversely affecting mining profitability, forcing many miners to liquidate their BTC holdings to stave off losses. According to a report from Arcane, publicly listed BTC mining firms sold almost 30% of their mining rewards within the first four months of 2022. This sell-off increased more than three times in May, with some mining firms selling 100% of their BTC rewards compared to the average of 20% to 40% just months earlier. Earlier this month, when BTC prices hit lows of $17,000, CoinTelegraph reported that the BTC Miners to Exchange flow - the volume of BTC sent by miners to crypto exchanges – touched its 7-month high. To put this into perspective, Canadian crypto mining company Bitfarms just sold around $62 million worth of BTC, representing nearly 47% of the company’s total BTC holdings. It is no secret that BTC miners rely heavily on block rewards to generate profits. In fact, more than 90% of the mining revenue is generated from block subsidies (BTC rewards miners receive for solving computational problems and validating blocks). However, another Bitcoin halving event is arriving. Halvings happen every four years, in which the number of bitcoins produced by mining and the accompanying mining rewards are slashed by half. The next halving is scheduled for 2024, which means that in the next two years, the current reward (6.25 BTC per block) will be slashed by half, shrinking miners’ profitability further. This represents a significant headwind for the Bitcoin blockchain, given that miners are integral to the Bitcoin ecosystem and responsible for keeping the network secure. If most miners pack up and leave the blockchain, Bitcoin’s core feature – its security – will undoubtedly be negatively impacted. To prevent this from unfolding, BTC miners must be properly incentivized. But is there a way to increase mining profitability? According to the latest research by The Block, the best way to maintain Bitcoin’s security while increasing miners’ revenue is by leveraging the many protocols built on top of Bitcoin’s mainnet layer. The report stressed, "By increasing Bitcoin’s scalability and utility, these protocols could expand its use cases, broaden its user base, and create a larger ecosystem that would generate more aggregate transaction fees.” This is where Stacks comes into the picture. Unlike other layer-2 scaling solutions and sidechains, Stacks operates as a smart contract layer on top of the Bitcoin network. It utilizes a cross-chain consensus algorithm between two independent blockchains, Bitcoin and Stacks, in this case, while remaining tethered to BTC through its proof-of-transfer (PoX) consensus mechanism. That said, let’s take a closer look at how Stacks operates and how the PoX consensus mechanism can help BTC miners generate more aggregate transaction fees. Stacks PoX Unlocks Additional Revenue For BTC Miners You might already know that blockchain networks rely on the underlying consensus mechanisms to function properly. In Bitcoin’s case, the network of miners provides the necessary computational power required to run the network. Bitcoin uses the Proof-of-Work (PoW) consensus mechanism, which is considered the most secure consensus mechanism to date. However, this quest for “unmatched security” has limited the Bitcoin network to a considerable extent. To maintain its security, the Bitcoin network doesn’t allow smart contracts to be deployed on its mainnet. As a result, DeFi primitives are almost non-existent on the Bitcoin network, leading to the limited utility of the blockchain-native BTC token. Miners, in most cases, hold their BTC mining rewards until their value rises enough to realize positive returns. This technique of generating profits worked in the early days, but not anymore. With Stacks, BTC miners don’t just have to depend on price movements to increase their profit margins. Instead, BTC miners can participate without the extensive proof of work setups and use BTC as a proof-of-work proxy to earn over and above the rewards they earn from bitcoin mining. So how does it work? The Stacks team explains its Proof-of-Transfer (PoX) mechanism as “an extension of the Proof-of-Burn mechanism.” PoX is a cross-chain consensus where both the chains, Bitcoin and Stacks, are involved in the consensus. Unlike the Proof-of-Burn system, where miners must “burn” their PoW tokens, miners who wish to mine a Stacks block must send BTC commitment transactions on the Bitcoin network. If you're unfamiliar, Proof-of-Burn is a consensus mechanism where miners compete by "burning" their Proof-of-Work tokens, which serve as a proxy for computational resources. For example, consider that a Proof-of-Burn blockchain uses BTC as its tethered crypto. In this case, miners on the chain must “burn” their BTC tokens to increase their chances of being selected for mining. Essentially, PoX transfers the coins of the established chain to the new chain's token holders, who opt into the chain's consensus. In the case of Stacks, miners transfer BTC to users who stake STX and receive STX (Stack’s native token) block rewards in exchange. To become a miner on the Stacks blockchain, you’ll need to transfer BTC to users who stake STX. Stacks selects random miners to verify and add blocks based on its VRF (Verifiable Random Function) method. Meanwhile, most of the BTC sent by the miners are distributed among users who stake STX, while some of it is burned. By doing this, Stacks creates a circular economy where BTC miners earn STX (both block subsidy and transaction fees) in exchange for the BTC they transferred. Meanwhile, miners on the Stacks network get BTC for locking their STX. Based on this, BTC miners can make additional profits when the dollar value of the STX rewards they receive is higher than that of the BTC they transferred. According to The Block, “A simple way for miners to decide whether they want to bid for a Stacks block is to estimate whether STX/BTC from mining is cheaper than STX/BTC in the open market. If yes, then they should bid accordingly.” 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
56 days agocryptodaily
Can Immutable X (IMX) and Xchange Monster (MXCH) Impact the Crypto Gaming Market?
Crypto-gaming is where online games use cryptocurrency as the in-game currency. Players can utilise the game's cryptocurrency to purchase characters and weapons. The games also use a new model called play-to-earn, where players can earn crypto while completing tasks. Crypto-gaming was responsible for more than half of the blockchain usage in 2021, and in-game collectibles generated over $2.32bn in sales during the autumn. Since progress has been up and down due to market conditions, but with the industry still in its infancy stage, gaming projects could have serious potential. The Gamefi niche combines two compelling industries, cryptocurrencies and the world of video games. This review will cover the best crypto-gaming projects, explain where to find them and why they could prove to be good investments. Immutable X (IMX) to Pave the Way For a New Gaming Sector Immutable X (IMX) acts as both a layer 2 scaling solution for Ethereum (ETH) and an NFT/gaming marketplace for its users. It is an open-source protocol created to facilitate a gas-free NFT ecosystem that enables users to develop their own decentralised applications, such as marketplaces and games. IMX can make up to 9000 transactions per second while leveraging Ethereum’s security. The Immutable X Marketplace caters to content creators and small developers who cannot build their games. The marketplace also enables users to check previous trade history and transactions. This will help to increase the adoption of the crypto-gaming ecosystem. It is fair to assume that anybody with experience in the blockchain gaming ecosystem will have had frustrations with endless gas fees incurred from signing annoying transactions in the game. This has been an issue for some time and as it stands there is a lack of projects addressing the issue. Immutable X (IMX) offers something new with their play-to-earn ecosystem and as a gamer, the zero gas fee protocol is an attraction too tempting to resist. Xchange Monster (MXCH), the Best Team in the Business? Xchange Monster is a brand new gaming and exchange platform with a mission to bring the world of crypto and gaming together, and ensure that users have a simple experience earning returns and doing something they enjoy. The founder of the project is Felix Honigwachs, a seasoned executive of blue-chip technologies. Felix is aiming to make Xchange Monster the bridge between crypto and the gaming industry. The platform will have an ecosystem that comprises a crypto wallet, an exchange and a payment gateway for users. To take the industry to the next level, a great team is required and Xchange Monster has an array of talent leading the project towards success. Notably, the team is fully DOXXED ensuring the verification and credibility of each individual. Assisting Honigwachs in the development of Xchange Monster is as follows: Adrian Linde, CTO: A software engineer with over 23 years of experience in global payments technology. Jaclyn Strul, CFO: Managing the global finance team with over 10 years of experience. Linzi McHardy-Sanders, Compliance: 10 years of experience in risk and compliance management. The Xchange Monster (MXCH) team has more than 40 members of staff working on the development of the ecosystem. They have extensive experience in blockchain technology with a variety of skills that will aid Xchange Monster in becoming the go-to platform for the crypto-gaming community. The team is primarily based in Europe but has an ever-expanding global network. Another factor that supports the growth is that Xchange Monster has a working product ready to use for participants. They have an application that is available while still under development. This is a refreshing feat as the cryptocurrency market is often congested with projects driven by speculation. In comparison, the only other platform within the market that can demonstrate a high level of scalability and transaction time on an active, working blockchain is Solana (SOL). Closing Thoughts on Xchange Monster With excellent features such as a payment gateway and a low-cost decentralised exchange, MXCH is making serious strides in becoming the all-in-one platform for gamers and publishers to combine and make the Gamefi industry more lucrative. For more information on Xchange Monster visit: Presale: Website: Discord: Telegram: Twitter: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
155 days agonulltx
Top 5 Highest Valued Metaverse Crypto Coins (March 2022)
There are hundreds of Metaverse crypto coins on the markets, and for new traders and investors, it may be hard to figure out which ones are the real deal. This article looks at the top five most valued Metaverse crypto coins on the market, ranked by current market capitalization, lowest to highest. Stacks (STX) – […] The post Top 5 Highest Valued Metaverse Crypto Coins (March 2022) appeared first on NullTX.
160 days agocointelegraph
Stacks price plunges hard after rallying 70% in a day — more STX losses ahead?
The massive move upside appeared as a $165 million fund is launched by OKcoin to build apps on the Bitcoin blockchain using Stacks.
160 days agocryptopotato
Bitcoin’s Volatility on US Inflation Reports and Stacks’ STX 33% Explosion (Market Watch)
Bitcoin's price went through some massive volatility on the report of February's CPI numbers, but this failed to produce a directional change, and BTC remains at around $39K.
160 days agocryptopotato
Stacks (STX) Surges Upon News of Big Financial Support by OKCoin
Stacks rallied today after the news of a partnership with OKCoin to promote the development of a broader DeFi ecosystem on Bitcoin.
195 days agocryptosrus
Stacks (STX) Raises 150 Million to Make Bitcoin ‘Settlement Layer of Web 3’
Stacks continues to push toward making itself (and Bitcoin) a real competitor to Ethereum. Covered:  Bitcoin and Web 3 Trust Machines and Stacks Bitcoin and Web 3 We hear a lot about web 3 and bitcoin being the “currency of internet”. The latter is a phrase used often by Jack Dorsey. There is a chasm […] The post Stacks (STX) Raises 150 Million to Make Bitcoin ‘Settlement Layer of Web 3’ appeared first on CryptosRus.
201 day agocointelegraph
SEC approves BSTX for blockchain settlements on traditional markets
BSTX's SEC approval does not involve crypto trading or any other form of use of blockchain technology.
209 days agocryptosrus
First Ever DEX Built on Bitcoin Surges to 100 Million TVL
Will Bitcoin DeFi be a major trend for 2022? Covered: What is Stackswap? Major Moment for Bitcoin DeFi TVL Rocket Fuel As CRU reported on Monday, Stacks ($STX), a Layer-1 smart contract chain that is secured by Bitcoin, launched a DeFi protocol called ALEX, which was a major step towards the adoption of Bitcoin DeFi. […] The post First Ever DEX Built on Bitcoin Surges to 100 Million TVL appeared first on CryptosRus.
210 days agocryptopotato
Asterix Token (ASTX) Launches NFT and Play-to-Earn Games on PancakeSwap
[PRESS RELEASE – SPAIN, Barcelona, January. 17, 2022] Investing in crypto is the new norm as it helps people gain knowledge about money and helps them become financially free. This has led to a massive crypto trend which comes with an unforeseen risk attached to it. Asterix was launched to help investors. Asterix (ASTX) is a […]
210 days agocryptosrus
Coinbase Just Announced A Surprise Token Listing
The major US crypto exchange Coinbase just listed an unexpected cryptocurrency — it’s the Bitcoin DeFi Protocol, Stacks (STX). Is Stacks ready to moon now that it’s finally on an American exchange? Covered: Stacks (STX) Listing STX Price Action As the crypto market comes closer to finding a bottom, exchanges have picked up on token […] The post Coinbase Just Announced A Surprise Token Listing appeared first on CryptosRus.
220 days agocryptosrus
Stacks – Why $3 Is A Big Deal
Stacks allows stacking to earn Bitcoin (BTC) through up to 10% APY.  Covered: What It Means for Stacks Over $3 Stacks’ Charts (M,W,D) Key Technical Levels & What to Anticipate Next Can Stack Soon Be Over $3? Stacks (STX) is a relatively new L1 coin designed to bring smart contracts and decentralized applications to Bitcoin. […] The post Stacks – Why $3 Is A Big Deal appeared first on CryptosRus.
297 days agocointelegraph
BitGo integrates Stacks, bringing Bitcoin DeFI to institutions
Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX token.
303 days agocointelegraph
Ankr Network, Stacks and Kadena rally while most altcoins cool off
ANK, STX and KDA took a different path than most altcoins by posting double-digit gains over the past 24-hours.

About Stacks

The live price of Stacks (STX) today is 0.462358 USD, and with the current circulating supply of Stacks at 1,328,541,188.52 STX, its market capitalization stands at 614,261,119 USD. In the last 24 hours STX price has moved -0.018586 USD or -0.04% while 4,821,833 USD worth of STX has been traded on various exchanges. The current valuation of STX puts it at #81 in cryptocurrency rankings based on market capitalization.

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

Stacks Price0.462358 USD
Market Rank#81
Market Cap614,261,119 USD
24h Volume5,767,204 USD
Circulating Supply1,328,541,188.52 STX
Max Supply1,818,000,000 STX
Yesterday's Market Cap607,277,100 USD
Yesterday's Open / Close0.47573 USD / 0.457144 USD
Yesterday's High / Low0.491054 USD / 0.452847 USD
Yesterday's Change
-0.04% ( 0.018586 USD )
Yesterday's Volume4,821,833 USD
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