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15 days agocryptodaily
Moshnake, Avalanche, & Solana Are 3 ‘Ethereum Killers’ Rumoured to Explode This Year
What’s new with Avalanche (AVAX)? In August, Avalanche (AVAX) reached a record high for daily transactions, outpacing Ethereum (ETH) in value. One of the main improvements helping the Avalanche coin succeed in the market is AvalancheGo Verbier. In addition, the Avalanche network's expansion, as announced by Ava Labs, has caused Avalanche to grow. Currently ranking in the top 20 by market capitalisation with a market cap of $7.8 billion, AVAX seems to be on a bullish road. Hubble Exchange recently introduced perpetual futures on the Avalanche network making the Avalanche coin particularly appealing. Moreover, since it supports customised Avalanche subnets and has chains compatible with Ethereum and EVM, the coin is much more desirable. What’s spiked Solana’s (SOL) price? According to a press release by Jump Crypto, the company is entering the room to help ‘Solana’s open-source core software’ and to ‘increase the throughput and reliability of the network’ due to its recent slowdowns and outages. In the upcoming 12 months, the network is expected to have efficiency, resilience, and a faster rate of processing transactions. The coin has seen a 7% rise in the past seven days at the time of writing, according to Coinmarketcap. Anatoly Yakovenko, the co-founder of Solana (SOL), explained how the network had grown significantly over the past two years. The market capitalisation of Solana increased by nearly 10,000%, from less than $150 million in August 2020 to $14.96 billion at the time of writing. Will Moshnake (MSH) take over the GameFi world? To give players a benchmark experience, developers decided Moshnake (MSH) should be built on top of the BNB Smart Chain. The team has analysed all of the popular blockchain networks in the GameFi market to provide an excellent gaming experience. In the upcoming years, Moshnake will develop into an entirely community-driven game. The Moshnake engineering team will work with the community and fans of Moshnake to gather ideas and suggestions during the game design and development stage. The governance token $MSH will power and direct the Moshnake DAO. The token will enable community members with administrative, voting, and governance powers to vote on ideas about game development, marketing, and expansion, among other things. MSH tokens will be given to the players. As additional MSH tokens are given to the players, it is anticipated that the full conversion to DAO will take place. For the project to become truly decentralised, the ownership of tokens by the development team and the initial investors will become less centralised in the future. Anyone can join Moshnake DAO and start voting by staking MSH coins into the contract. The number of Moshanke Tokens staked and the total number of MSH tokens in circulation will determine the voting power. All of the above coins have great future potential with the possibility to make you a future millionaire. To find out more about Moshnake (MSH), visit the links below: Website: 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.
43 days agocryptodaily
Can Felixphere thrive in utility areas like Dogecoin & Avalanche
New cryptocurrencies don't just enter the cryptocurrency market aimlessly, they come with utility, aims, and existing problems they intend to solve. Any project that deviates from this assertion is either a scam or will be lost amidst the 19,000+ other cryptocurrencies in the market. The utility of every token determines the sector they'll exist in. We've seen utility tokens, meme tokens, Defi tokens, and even the latest waves of gaming tokens. Each of these categories has at least 100 cryptocurrencies. For a cryptocurrency to thrive amidst such a competitive space, it needs beneficial features. This article reviews how the new gaming token Felixphere (FELIX) can thrive in the gaming crypto space like Dogecoin (Doge) is doing as a meme coin and Avalanche (Avax) as a Defi token. Dogecoin (Doge) After the short-lived success of the Safemoon coin, a lot of people wrote meme tokens off, believing they were 'just a joke.' However, Dogecoin (Doge) changed the narrative so much that every successful meme token after it, like Shina Inu (Shiba), is usually termed "Doge killer". DogeCoin was forked from Litecoin in 2013. The token creator aimed to create a fun and lighthearted token that would greatly appeal to users beyond the popular cryptocurrency. However, the influence of Tesla's CEO made the mere 'fun' coin a success. Elon Musk Tweeted about the token being his current favorite, which affected the market value. Although there were no real use cases or utility behind Dogecoin (Doge), the hype sufficed. Later adoptions have seen Doge function in tipping systems. It is one of the top 10 cryptocurrencies on Coinmarketcap, with a market capitalization of $8 billion. While analysts are uncertain about the future of the coin, its success in a short while is enviable, even though its longevity can be improved. Avalanche (AVAX) The Avalanche (AVAX) network is the fastest smart contract platform in blockchain technology. It is an eco-friendly platform with a low-cost transaction fee and amazingly fast transaction speed — its time-to-finality is one second! The platform maintains high scalability and speed without compromising the security or decentralization of the network. Unlike most platforms, Avalanche comprises three blockchains — X-Chain (Exchange chain) for creating and transacting assets, C-chain (Contract chain) for running smart contracts and allowing creators to build dApps, and P-Chain (Platform chain) for managing the avalanche ecosystem subnets. The Decentralized finance (Defi) themed token is showing great utility in the area, and it's currently one of the top Defi projects in the market. It has an incentive program — Avalanche rush that brings liquidity function and rewards funders of the pools with token incentives. AVAX is the platform's native token, and it's essential to carry out any activities or transactions on the network. It provides users with staking rewards and facilitates all Avalanche use cases. It's a successful Defi token with a Coinmarketcap rank of #16 and $5.5+ billion in market capitalization. FelixPhere (FELIX) The Felix token can become one of the most successful gaming tokens in blockchain technology. The platform brings numerous rewarding options for users and features easy-to-play games that trigger nostalgia. FelixPhere (FELIX) incentive mechanism includes an innovative referral system that allows you to earn 2% on your referral's winnings and 0.2% on the winnings of anyone you refer. It also has a daily lottery feature which you can play with your Felix token and earn rewards. The platform runs on a play-to-earn model that requires you to create a wallet and fund with the Felix token before starting. It is an all-around rewarding network that allows you to enjoy the thrills or play games while earning from it. Felixphere (FELIX) is set to go on presale in the coming weeks, and the developers promise to release more information on it through a detailed whitepaper. It's an exciting project, especially for gamers, and its utility can make it a success in the crypto gaming sector. 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.
48 days agocryptodaily
US Extradites Russian On Money-Laundering Charges
The Russian national, who was extradited from the Netherlands, has been accused of money laundering in the Ryuk ransomware case. Russian Accused Pleads Not Guilty 29-year-old Denis Mihaqloviv Dubnikov has been extradited by the U.S. Department of Justice for his association with the Ryuk ransomware exploits, where the attackers allegedly laundered ransom payments extracted from the victims. The Russian citizen, who was in Amsterdam where Dutch police arrested him on U.S. charges of conspiracy to launder money, has been extradited to Portland, Oregon, where he appeared in federal court for the trial that will start this October. Dubnikov has pleaded not guilty to all the charges and was granted temporary release on conditions of monitoring of computer activity. According to the DoJ’s statement, a guilty conviction would earn Dubnikov a sentence of maximum 20 years behind bars. More On Ryuk Ransomware Attack The Justice Department also detailed the modus operandi followed by Dubnikov and his co-conspirators. According to them, the malicious actors would allegedly engage in various financial transactions, including international ones, to hide the nature, source, location, ownership, and control of the funds received. The hackers use Ryuk ransomware software to infiltrate private servers, encrypt files, and damage system backups unless the victims pay them the ransom amount in Bitcoin to a specific wallet address. The allegations claimed that the entire conspiracy resulted in money laundering of over $70 million in ransom proceeds, with Dubnikov allegedly laundering more than $400,000 of them. Ransomware attacks have been one of the major cybersecurity threats that have plagued the Biden administration, with the North Korean hacker group Lazarus being the chief mastermind behind most of these in 2021. U.S. Tightens Crypto Sanctions Due to the magnitude of the case, multiple agencies are working on it. It is under investigation by the FBI’s Portland Field Office, and the Office of International Affairs coordinated with the Ransomware and Digital Extortion Task Force to facilitate the extradition. The U.S. government and its associated bodies are coming down hard on any hint of malpractice in the crypto industry. Most recently, the U.S. Treasury Department issued a ban on the crypto mixer tool, Tornado Cash, for its role in aiding Lazarus in siphoning off millions of dollars from U.S. entities. A week ago, Dutch authorities even arrested an unidentified individual on charges of using Tornado Cash to hide financial transactions. 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.
49 days agocoindesk
US Extradites Alleged Crypto Money Launderer From Netherlands
Mihaqloviv Dubnikov, 29, a Russian citizen, made an initial appearance in a federal court in Portland, Oregon, Wednesday, and his five-day jury trial is scheduled to begin on Oct. 4. If convicted, Dubnikov faces a maximum sentence of 20 years in prison.
71 day agocryptodaily
Avalanche Ecosystem To See Influx Of Big Name Brands, Reveals CEO John Wu
Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). The Avalanche CEO revealed that several “Big Name Brands” are set to enter the Avalanche ecosystem over the next year. Big Things In The Offing The President of Ava Labs, John Wu, was obviously excited as he spoke about the prospects of the Ethereum challenger. In the interview, he revealed that several partnerships were in the works and could come to fruition over the next 12 months. He revealed that several mainstream companies from the world of gaming and finance were in talks with Avalanche and would be onboarding with Avalanche and its ecosystem soon. He stated in the interview with Anthony Pompliano, It’s still that same theme of real-world assets coming into this ecosystem and growing the ecosystem for everyone, both on the side of financial services as well as on the gaming side. We have a lot of visibility to gaming as well because the subnets have been really adopted by a lot of gamers to basically create their own execution environment in a very quick manner. Those are two areas that we’re super excited [about]. I wish I could give you specific names, but to the audience, just stay tuned, and they’ll hear about it very shortly.” Traditional Finance Is Bogged Down Wu also spoke about traditional finance and the inefficiency that is hindering it. He stated that traditional finance is bogged down due to a lack of inefficiency and glaring inconsistencies in the interconnectedness of databases, leading to data siloing. “The financial institutions are very aware that the power of the blockchain, or the crypto system, is that when you need information and money to move at the same time, blockchain is a very powerful tool for that. When you settle a stock, there are so many intermediaries. Credit cards, there are so many intermediaries. And they’re all working off of their own respective databases, and lots of reconciliation has to happen.” Blockchain Will Be Hugely Beneficial He stated that he believes traditional financial companies need to implement blockchain technology, which would be hugely beneficial as it would simplify the transaction process by eliminating any links in the transaction-settling chain. “A lot of the financial services players are actually experimenting with blockchain. The amount of experimentation of blockchain development – not just experimentation, innovation labs – but the amount of development They are looking at the technology as a way to create efficiency and create more productivity and squeeze costs out.” Avalanche's Contagion Troubles Avalanche had earlier revealed that the Luna Foundation Guard, the company behind the failed reserve fund for the UST stablecoin, had not outlined any plans for the over 2 million AVAX tokens it holds. Avalanche had shared the update with its community amidst an increasing number of inquiries from the Avalanche community about the AVAX tokens in custody with the Luna Foundation Guard. With the value of the AVAX tokens around $30 at the time, the value of AVAX that was held with LFG was around $60 million, making it the second-largest holding in the foundation’s reserve. 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.
93 days agocryptodaily
Crypto Market Crash: Best Coins to Buy in the Dip
The 2017 crypto crash was the year that bitcoin came crashing down, falling below 83% and shocking traders and the world alike. It first began with a surge that beat its all-time high price. Then in February, the popular coin began to fall and it did not stop until December 2018, sending holders who had once bragged about maximum profits bolting for the exit. It was so bad that analysts called it; “the crypto winter,” and some still refer to it as “the Great Crypto Crash.” While there are various reasons for a crypto crash, there is also news of the likelihood that another is on the way. Crypto prices are currently slumping, and while others are pulling out of projects, there are still opportunities for you to buy the dip and HODL. But, which projects are worth buying now? Let’s begin with Mehracki Token (MKI), a new meme token that has put together a network where users can make money via various methods, and Avalanche (AVAX), another “Ethereum Killer.” Mehracki Token (MKI) Mehracki Token (MKI) is a DeFi community-driven token that makes an entrance with the meaning of its name; “to put love into anything that anyone does.” The platform seeks to provide various sources of income for users and do it in engaging ways- especially within the travel industry. While many meme coins lack real-life applications and use cases, making it hard for traders to imagine how it will benefit them, Mehracki Token (MKI) has several incentives for their native token’s adoption that will show users the value that comes from ‘hodling the token’. The platform is governed by MKI, the official token, which serves as a utility for verifying transactions on and outside the Mehracki ecosystem. Holders of MKI can stake their crypto to contribute to the network's security and earn rewards. Diversity on the network has created a space for the NFT marketplace. MKI holders are given rare NFTs that hold a high value in the NFT market. To cap it all, users can enjoy more advantages of DeFi solutions and guard against the crypto crash today while earning passive income. Avalanche (AVAX) Avalanche (AVAX) is a decentralised blockchain platform or also dubbed the “Ethereum killer,” known for its scalability and speed. Its native token, AVAX, is the governing utility of the platform. Measured by time-to-finality and the number of transactions that can be carried out on each subnetwork, it has arguably the fastest smart-contract ecosystem in the blockchain world. Avalanche uses a nominated consensus algorithm, not too different from Proof-of-Stake. Validators on the network are randomly chosen, in subsets, to check agreements. The validators then reach a consensus through “network gossiping” to determine if the blocks are valid and should be added or not. Avalanche operates on three different built-in blockchains that control various aspects of the network. This helps to address multiple limitations that hinder speed and scalability. To give users the freedom of designing their own space, each subnet has a blockchain or more, with the option of choosing their consensus model and making it accessible for the public or a specific few. With all these innovations on the network, it’s no surprise that analysts are picking it as a better option over Terra (LUNA), especially after the Luna crypto crash. Conclusion While crypto crash live news sources are reporting several dips and flat lining, these tokens give investors reasons why they are the ideal tokens to be bought during the dip. With the provision of several functionalities and DeFi solutions, it’s fair to say that getting them will give you a lifeguard for the bearish period. For more information on Mehracki Token (MKI): Presale: Website: Telegram: 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.
133 days agocryptopotato
Avalanche Invites BAYC’s Otherside to Move Onto its Subnets
Avalanche proposed the migration plan on the heels of Yuga Labs previously expressing the need for an alternative blockchain for Otherside.
134 days agocoindesk
Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration
The proposal comes weeks after Otherside faced issues on Ethereum.
138 days agocryptodaily
Sky's The Limit For These Groundbreaking DeFi Coins: Avalanche (AVAX) and Logarithmic Finance (LOG)
The first two decades of the 21st century have seen remarkable technological advancement. This accelerated progress led to the emergence of countless new sectors and had a profound influence on every existing industry. With developing technologies, the global financial system is transitioning from a centralised financial system (CeFi) to decentralised finance (DeFi). This article will examine two innovative DeFi coins that could make wealth in the coming months. Avalanche (AVAX) and Logarithmic Finance (LOG) are these coins. Continue reading to learn more about them! Avalanche (AVAX) - among the DeFi leading cryptos Avalanche (AVAX), a Layer-1 blockchain platform, claims that its Avalanche Consensus Protocol would combine scalability and fast confirmation times. It supports up to 4,500 TPS (transactions per second). The figure for Ethereum (ETH) is 14 TPS. The project's leadership acknowledges that Avalanche was created to be quick, secure, and economical to enhance the user experience. The network is essentially a high-performance, scalable, adaptable, and encrypted blockchain with many advantages for novice cryptocurrency investors. The platform's launchpad, Avalaunch, is exclusive to the Avalanche (AVAX) ecosystem and provides innovative and promising enterprises with a safe platform for decentralised funding. Avalanche (AVAX) adopts a distribution strategy that ensures broad involvement and provides the necessary resources to project teams. AVAX is Avalanche's native token, having a maximum supply of 720 million tokens and three use cases on the network. First, Avalanche users need AVAX to pay network transaction fees. Second, AVAX is utilised in staking, and users earn staking incentives. The third use of AVAX is more technical and of less interest to common users. It serves as the unit of account between the many subnets deployed on Avalanche. A subnet is a collection of validators attempting to reach a consensus. Logarithmic Finance (LOG) set to impress crypto investors Fundraising is a difficult undertaking since it needs extensive cooperation between several parties. Meanwhile, centralised platforms demand exorbitant fees for performing token launches, therefore denying smaller enterprises access to investor capital. Logarithmic Finance (LOG), the groundbreaking DeFi platform, consists of liquidity pools that allow project creators to seek access to capital from investors in a decentralised and permissionless way. As the cryptocurrency ecosystem grows, more product launches are anticipated, and developers will want a platform to interact with investors and raise money safely and transparently; LOG will make this a breeze. In addition, Logarithmic Finance will operate as a decentralised DAO community that will vote on which projects to fund. The system will operate transparently and securely, providing investors with comprehensive information about the launching project and allowing project creators to access funds through numerous blockchain networks. The Ethereum (ETH) network has been criticised for its excessive congestion and exorbitantly expensive fees, although most token swap protocols have been developed on it. A protocol such as Logarithmic Finance would assist in overcoming this problem since assets could be moved to multiple blockchain networks to take advantage of reduced costs and circumvent network congestion. The Logarithmic Finance (LOG) token may see large listing gains as soon as the presale period concludes. Avalanche (AVAX) and Logarithmic Finance (LOG) have distinctive characteristics that might contribute to their future success. Before investing, you should do your own research, but if you are interested in Logarithmic Finance, use the links below to find more information. Logarithmic Finance: Presale: Website: Twitter: Telegram: Instagram: 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
153 days agocryptopotato
Polygon, Avalanche Founders Feud Over Subnet, Supernet Functionalities
Polygon's co-founder accused Avalanche leadership of being "aggressively condescending and always trying to gaslight other communities."
154 days agocryptosrus
Crypto Combat: Avalanche and Polygon Beef on Twitter
Crypto feuds are nothing new. Polygon and Avalanche’s spar is the latest iteration. Covered: Negativity in the Spotlight Subnets v Supernets The Battle for EVM Supremacy Negativity in the Spotlight Prices are down, sentiment is bearish, and inevitably, negativity finds itself center-stage. Crypto has always suffered from tribalism: “my chain is better than yours!” There […] The post Crypto Combat: Avalanche and Polygon Beef on Twitter appeared first on CryptosRus.
154 days agocryptosrus
Crypto Combat: Polygon and Avalanche Beef on Twitter
Crypto feuds are nothing new. Polygon and Avalanche’s spar is the latest iteration. Covered: Negativity in the Spotlight Subnets v Supernets The Battle for EVM Supremacy Negativity in the Spotlight Prices are down, sentiment is bearish, and inevitably, negativity finds itself center-stage. Crypto has always suffered from tribalism: “my chain is better than yours!” There […] The post Crypto Combat: Polygon and Avalanche Beef on Twitter appeared first on CryptosRus.
161 day agocryptosrus
Why Avalanche’s Subnets Change The Game
Avalanche has recently introduced and implemented subnets on its network, which allows anyone to create their own L1 blockchain on the network. Here’s why they will be a game-changer for blockchain technology. Covered: Brief History of Scaling How Avalanche’s Subnets Solve Scaling Unlocking The Potential of Avalanche’s Subnets First, it’s important to start off with […] The post Why Avalanche’s Subnets Change The Game appeared first on CryptosRus.
175 days agocryptodaily
Ava Labs Reaches $5B Valuation
The latest funding round conducted by Ava Labs has reportedly pegged the company’s valuation at $5 billion, making it one of the most highly valued crypto startups in the world. A $350M Funding Round Ava Labs is the lead development team behind the Avalanche blockchain. Early reports have arrived from individuals familiar with the team’s operations, claiming that Ava Labs is currently raising $350 million at a staggering $5.25 billion valuation. Not only would this valuation give Ava Labs the “unicorn” status among crypto startups, but it would also elevate the Avalanche blockchain to Ethereum and Solana levels. As it is, the blockchain is already competing with the two leading cryptocurrencies by offering high-speed transactions at a low cost. It is also spreading its wings into trading and games and gaining favors with users and developers alike. The recently held Avalanche Summit in Barcelona in March saw a rush of industry experts and community members. The native token of the platform, AVAX, has naturally seen a 19% price hike since last month and reports at around a $21.5 billion market cap at the time of writing. Previous Funding Rounds By Ava Labs Ava Labs had previously raised $6 million in a funding round held in 2019, which included investment top-dogs like Andreessen Horowitz and Polychain. Later, in 2020, the team raised another $12 million through a private token sale led by Bitmain, Galaxy Digital, and others. It was followed up in 2021 by another token sale to raise funding, led by Polychain Capital and Three Arrows Capital, raising around $230 million. Although there has not been any confirmation regarding the latest $350 million fundraise, the Ava Labs team has been religiously gunning for investors every year since its inception without fail. Avalanche Ecosystem Expansion The Ava Labs team has embarked on initiatives and partnerships to expand the Avalanche ecosystem. For example, towards the end of 2021, Ava Labs partnered up with Deloitte to construct more efficient disaster relief platforms. News of the partnership had boosted the value of AVAX to be included in the list of top 10 cryptos in the world by market cap. However, more recently, the Avalanche Foundation, which is the non-profit arm of the Avalanche blockchain, has been in the news for the announcement of the Avalanche Multiverse incentive program. Under this program, a fund of $290 million has been allocated towards the adoption of its novel subnet functionality. 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.
176 days agocryptodaily
Bold Point is ready for listing on TraderJoe: GameFi is leading the Way in Avalanche
Over the years, there has been a massive proliferation of blockchains; all of which have distinctive features to offer the crypto society. Among them is Avalanche- a blockchain built to resolve every issue ailing existing blockchains. Unlike these blockchains, Avalanche uses an optimized directed acyclic graph (DAG) and a novel consensus protocol- Snowman. Also, it has a finality time of 1 second. It supports the development of decentralized and interoperable blockchains (called subnets). These advantages have made it possible for developers to create customized and interoperable subnets that can serve the needs of large enterprises. Developers can interact with other subnets in the ecosystem while enjoying the security of the mainnet. Developers can also move their projects from the Ethereum blockchain to Avalanche as its virtual machine is compatible with Ethereum's. GameFi was developed using blockchain technology to take over traditional gaming and give classic and crypto gamers an avenue to earn. Players are offered in-game rewards, like weapons, virtual cards, costumes, and avatars, for playing games on the blockchain. These rewards can be traded on NFT marketplaces. Leading the GameFi movement on Avalanche is Bold Point, recently conducted its public sale on Avalaunch. Although the requirements for launching on Avalaunch are rigorous, Bold Point has done well to meet all of them. Bold Point: the Pace Setter of Avalanche GameFi Bold Point is a roleplaying NFT-based game developed on the Avalanche network to provide gamers with a fun and competitive gaming experience. It was designed by a team of veteran game developers as the first high-value initiative from YAY Games. YAY Games is a household for NFT marketplace, game library, launchpad, and incubator. The game mechanics of Bold Point is designed for classic and crypto gamers to win rewards in form of NFTs as they fight monsters and progress in the game. It consists of several classes of characters that must be positioned and moved correctly to emerge victoriously. While Tanks and Pikemans are already available, Mages will be released before the initial DEX offering (IDO). In the P2E model of Bold Point, those with the highest percentage make the most. The game plans to implement a map and freeroam in the future that would allow players to roam freely outside the battle mode around the map to challenge enemies and level up. Every item, achievement, and character in the game are tokenized and can be traded in the Bold Point marketplace or Loot (YAY Games marketplace). Bold Point has distinctive features that help it retain its great value, including its addictive and competitive gameplay plan, its relatively low entrance barrier for the P2E type of in-game economy, and its native integration with the YAY ecosystem. Also, its DAO, DeFi, and advanced PvE and PvP mechanics all contribute to making it attractive to popular gaming guilds and communities. Bold Point's mission is to incentivize gamers around the world using a top-notch ecosystem designed on its sidechain technology. $BPT; the In-game Currency Users can earn incentives in form of items, characters, and achievements. These incentives can be traded using the in-game currency- $BPT. Also, users can add and withdraw fiat currencies and trade with $YAY. $BPT is required in accelerating progress, removing restrictions, and acquiring premium consumables and equipment offers. It can be mined through daily achievements in the dungeons, arenas, journeys, resource extractions, or item drops. There would be a total supply of 1 billion $BPT out of which 8.57% were available during IDO and 5% are reserved for farming rewards. While it has some upcoming DEXes listing, it has been whitelisted for April 14th, 2022 on the top DEX on Avalanche, Trader Joe. The IDO price was $0.0175 with a hard cap of $3.6 million. Before the listing and new farms a new game release will be launched. Reports have shown that GameFi projects that host their IDO on Avalaunch earn over 164X in ROI. While crypto markets keep struggling with price action, the GameFi industry is shilling amidst the macroeconomic trends. Bold Point is one of the P2E games pioneering open-world voyage with strategic turn-based battles. It is expected to perform highly upon launch and contribute to Avalanche GameFi's ecosystem. 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.
178 days agocryptodaily
Bank of America Predicts Crypto To Skyrocket Amidst Impending “Recession Shock”
The Bank of America (BofA) strategists predict that the accelerating inflation and a slowing global economy could change the US macroeconomic landscape. BofA Still Bullish On Crypto A Reuters report revealed that analysts at the BofA have issued a warning regarding rising inflation and how it slows down the global economy and affects the US markets. However, the strategists are also of the opinion that this changing macroeconomic landscape could be the catalyst that boosts the value of digital assets to a new level. In fact, in the note to the clients and customers, chief investment strategist at BofA, Michael Hartnett, wrote, “‘Inflation shock’ worsening, ‘rates shock’ just beginning, ‘recession shock’ coming.” Additionally, he also added that cash, volatility, commodities, and cryptocurrencies could outperform bonds and stocks because of this situation. Federal Officers Meet To Curb Inflation At the same time, the US central bank or the Federal Reserve has been talking about raising the federal fund rates to curb inflation. According to the minutes of a meeting held earlier this week, “In their consideration of the appropriate stance of monetary policy, all participants concurred that the US economy was very strong, with an extremely tight labor market, and that inflation was high and well above the committee’s 2% inflation objective. Against this backdrop, all participants agreed that it was appropriate to begin a process of removing policy accommodation by raising the target range for the federal funds rate at this meeting. They further judged that ongoing increases in the target range for the federal funds rate would be warranted to achieve the committee’s objectives.” BofA’s Love For Altcoins The BofA has consistently held an optimistic view of cryptocurrencies, favoring certain altcoins over the years. In October 2021, in a report published on the Digital Assets Primer, certain BofA officials commented that the impressive crypto ecosystem warrants cryptocurrencies becoming a new asset class altogether. The report covered ground about evaluating digital assets and cultivating developer interest in certain blockchains. Additionally, BofA had mentioned that other than BTC, several other altcoins are also showing promise, naming Tezos as a viable example. The BofA identifies the ever-expanding Tezos ecosystem that can give leading blockchains a run for their money while being much more energy-efficient due to its Proof-of-Stake consensus mechanism. The financial giant has also recognized and appreciated the work done by the Avalanche network on its subnet feature, which has driven the development of multiple projects on the Avalanche platform. Moreover, Solana had also received the BofA stamp of approval when recently, BofA official Alkesh Shah claimed that the Solana blockchain had the potential to become the “Visa of crypto.” 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.
181 day agocryptosrus
This Subnet Chain Flipped Cardano In TVL After Just One Week
After only one week after going live, DFK TVL managed to flip Cardano.  Covered: DFK Subnet Chain’s Impressive Start How DFK TVL and Flipped Cardano DFK Subnet Chain’s Impressive Start ❄️ Today is a big day for Avalanche and Subnets, the launch of @DeFiKingdoms Crystalvale is live! The DFK Chain, one of the first major […] The post This Subnet Chain Flipped Cardano In TVL After Just One Week appeared first on CryptosRus.
181 day agocryptodaily
Terra and Avalanche join forces
Terra Luna and Avalanche have announced a strengthening of their collaboration in the form of a $100 million treasury swap between LFG (Luna Foundation Guard) and the Avalanche Foundation. Do Kwon, the founder of Terraform Labs, which powers the Terra blockchain, has recently been publicly buying bitcoin in order to back its UST stablecoin reserve. He added another $230 million in bitcoin on Wednesday and claims to be buying up to $10 billion in total over time. The $100 million OTC purchase of AVAX makes it the biggest crypto asset outside of BTC to be added to the reserve, yet further bolstering the non-correlated asset pool, and also helping to support the UST dollar peg. TFL (Terraform Labs) has committed to building and supporting UST-native protocols in the Avalanche ecosystem. The $100 million treasury swap for AVAX is a further sign of this commitment. Another advantage is the fact that LUNAtics and Terra developers are now able to build cross-chain and make use of the vibrant Avalanche ecosystem. Several Terra-native DeFi protocols are already in line for a potential cross-chain expansion to Avalanche. The Avalanche subnets are also ready to come into play. Terra and Avalanche have already spent time collaborating on a gaming subnet, details of which are still to be released. Avalanche is currently the 10th largest cryptocurrency by market cap, and Terra Luna is in 8th position. The collaboration between the two could certainly help them both to grow. Do Kwon spoke of the union with Avalanche in a quote from a Bloomberg article on the matter. “Avalanche is still a growing ecosystem...a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX,” Kwon said. “Whereas for the average Ethereum user, aligning yourself with Ether doesn’t really mean that much.” He added: “While Bitcoin will remain the “main backing” of UST stablecoin, the deal with Avalanche “buys a lot of user familiarity” for UST and Terra from Avalanche,” Emin Gün Sirer, CEO of Ava Labs, said of the collaboration: “Terra’s ability to scale their stablecoins is one of the reasons that drew Avalanche to its platform.” “I wish that more and more coins would look for ways to grow the crypto space as opposed to compete for the same set of people,” he said. 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.
189 days agocoindesk
Can Avalanche Win Over Wall Street and 'Degens' Alike?
At the inaugural Avalanche Summit in Barcelona, Spain, the speedy Ethereum alternative is looking to court users into building on its subnets.
211 days agocointelegraph
Avalanche aims to accelerate subnet adoption with multiverse incentive program
Avalanche Foundation director Emin Gün Sirer says that subnets may be the next big thing in blockchain technology.
211 days agocryptopotato
Avalanche Launches $290 Million Incentive Program to Accelerate Growth of Subnets
The incentive program seeks to build scalable chains for supporting Defi, NFTs, and blockchain gaming on Avalanche.
212 days agocoindesk
​​Avalanche Commits 4M AVAX to Attract Gaming, DeFi and NFT ‘Subnets’
The $290 million incentive fund is looking to help institutions and blue-chip projects “migrate” to the speedy, EVM-compatible blockchain.
277 days agonulltx
Top 5 Metaverse Coins Built With The Unity Game Engine
Like various popular blockchains for Metaverse coins, developers use several popular game engines to build their apps. Unity is one of the most popular game engines used by Rust, Hearthstone, Subnautica, and much more. This article lists five fantastic Metaverse coins built with the Unity game engine, ordered by market cap, lowest to highest. Gaia […] The post Top 5 Metaverse Coins Built With The Unity Game Engine appeared first on NullTX.

About Ubricoin

The live price of Ubricoin (UBN) today is ? USD, and with the current circulating supply of Ubricoin at 2,337,584,181.51 UBN, its market capitalization stands at ? USD. In the last 24 hours UBN price has moved 0.000016 USD or 3.12% while 3.1961 USD worth of UBN has been traded on various exchanges. The current valuation of UBN puts it at #0 in cryptocurrency rankings based on market capitalization.

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

Ubricoin Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply2,337,584,181.51 UBN
Max Supply19,987,431,317 UBN
Yesterday's Market Cap48,976.50 USD
Yesterday's Open / Close0.000005 USD / 0.000021 USD
Yesterday's High / Low0.000021 USD / 0.000004 USD
Yesterday's Change
3.12% ( 0.000016 USD )
Yesterday's Volume3.1961 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
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