281 day ago • cryptodaily
Reshaping Crypto Payments Future with LYOPAY
The transformative power of cryptocurrency has taken the world by storm, evolving from a digital novelty into a trillion-dollar technology. As the number of crypto users exceeds 420 million worldwide, with a global ownership rate of 4.2%, the demand for user-friendly platforms has reached a tipping point. Enter LYO Ecosystem—a game-changing solution designed to make cryptocurrency accessible and intuitive for everyday use.
With LYOPAY at its core, a crypto payments application, LYO Ecosystem expands its offerings into a comprehensive suite of crypto services. The goal is simple yet ambitious: to provide users with easy access to crypto-friendly products that empower them to participate fully in the digital finance revolution.
The LYO Ecosystem takes a holistic approach to drive adoption and user acquisition through its payment solutions, while also offering revenue-generating trading and financial service solutions. LYOPAY, the licensed and regulated company behind the ecosystem, has already garnered impressive achievements, boasting over 201,000 active users and processing a monthly volume of USD 500 million as of December 2022.
Let's take a closer look at some of the notable products within the LYO Ecosystem:
LYOPAY App - Empowering Cryptocurrency Payments
The LYOPAY app serves as a bridge between fiat and cryptocurrencies, allowing users to store, exchange, buy, and sell digital assets effortlessly. With Euro (€) accounts featuring IBAN for SEPA transfers, LYOPAY facilitates seamless integration between traditional currencies and the world of cryptocurrencies.
LYOTRADE - A Reliable Cryptocurrency Exchange
LYOTRADE is a regulated cryptocurrency exchange that prioritizes compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. Offering both centralized and decentralized exchange services through a third-party provider, LYOTRADE empowers users with diverse trading strategies, crypto loans, staking options, and convenient purchase and selling of cryptocurrencies using card and wire transfer methods.
LYOPAY Pro – Unleashing the Potential of Cryptocurrencies and Fiat Money
LYOPAY Pro, a cutting-edge payment application, takes the integration of cryptocurrencies and fiat money to new heights. Designed with a global audience in mind, LYOPAY Pro offers integrated fiat currencies, card services, digital banking, a feature-rich crypto wallet, rewards, SEPA and SWIFT transfers, branded physical and virtual cards, bespoke travel and concierge services, and much more.
LYOTECH LABS – Driving Innovation in the Crypto-Friendly Landscape
LYOTECH LABS, a dynamic research and development company, plays a pivotal role in the LYO Ecosystem. Specializing in the creation of crypto-friendly software and hardware, LYOTECH LABS pushes the boundaries of fintech innovation, revolutionizing the industry with user-centric solutions that leave a lasting impact.
By offering a range of state-of-the-art products, LYO Ecosystem sets new standards in the cryptocurrency realm. With unparalleled ease and convenience, users can embrace the advantages of digital transactions and become active participants in the evolving world of finance.
To explore the full range of LYO Ecosystem products and stay connected with the latest updates, visit their official website and social media channels. Join the movement and be part of the crypto revolution that is reshaping the global financial landscape.
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.
327 days ago • cryptodaily
The Rise of Meme Tokens and How They're Driving Exchanges to Embrace Unconventional Trends
Meme coins have experienced an unprecedented rise in interest and value. With exuberant community support, meme coins are largely associated with meme images, cartoon characters, and animals. Dogecoin, SHIBA INU, and the recent Pepecoin ($PEPE) are a few of the top-selling meme coins in the crypto space. These coins have gained thousands in price surges in the shortest period. Offering investors ample opportunities to make significant profits based on a small investment.
The trending meme coin, $PEPE, barely a month after its release, reached a whopping $1.5 billion in market cap. And a Spot Trading volume exceeding $2.7 billion. This value, according to various reports, rivaled Bitcoin’s Spot Trading on the top crypto exchanges within the same timeframe. A testament to these coins’ ability to generate gargantuan returns for investors.
$PEPE’s initial price at the time of launch was a mere $0.000000001 and with a total token supply of over 420 trillion. Since listing on top exchanges, the meme coin experienced a price surge of over 3000%. While it has suffered countless sell-offs from early investors looking to make huge profits, Pepecoin is still ranked as one of the top 100 coins (number 78) based on market cap, per CoinMarketCap. Again, substantial proof of its unprompted leap in price in the shortest time possible.
The Role of Exchanges and How Early Listing Impact Investors’ Returns
Crypto exchanges enable the seamless purchase of Bitcoin, altcoins, and meme coins alike. They are committed to providing customers with the hottest coins on the market, allowing them to become early investors. Now, why crypto exchanges are core components of the industry, obviously, their effect on the market continues to grow daily, partly a work of meme coins. How?
These crypto exchanges understand the influence meme coins have on the market and investors. Hence why they are constantly on the lookout for the next hot project.
To better understand the impact of early listing and how these exchanges actively influence investors’ returns, we’ll use $PEPE and LBank, and other exchanges as examples.
Via LBank’s Articles Section, the global crypto exchange announced its decision to list the newly launched meme coin, $PEPE on its platform. Per the source above, the listing was scheduled for April 18, 2023, at 8 AM (UTC). LBank claimed the meme coin was a feasible, high-quality coin for its users. 12 days later, OKX Exchange announced its decision to list $PEPE. The result? An 850% surge in price. LBank users enjoyed a whopping 850% increase in their investment. Bitget Exchange also listed $PEPE the same day as LBank and since then (until the time of writing) has raked in returns exceeding a 5346% increase in price for investors. Substantial proof of early listing’s impact on investments.
Besides $PEPE, the listing of emerging meme coins like $PSYOP, $GEN, $SPONGE, $AIDOGE, $BEN, and $RFD further shows the role exchanges play in price surges. According to available market data, LBank, MEXC, and HUOBI are at the forefront of early token listings. For the previously mentioned emerging meme coins, LBank was the first to list 5 out of the 6 tokens—$BEN, $PSYOP, $RFD, $GEN, and $SPONGE. With MEXC Exchange listing $AIDOGE first and HUOBI following behind. In line with this data, LBank also recorded the highest gains for these meme coins, except for $AIDOGE and $BEN where MEXC recorded the highest gains.
LBank Exchange:
$PEPE; 6387%
$AIDOGE; 19364%
$BEN; 313%
$PSYOP; 433%
$RFD; 216%
$SPONGE; 296%
$GEN; 716%
MEXC Exchange
$PEPE; 2259%
$AIDOGE; 70429%
$BEN; 353%
$PSYOP; 0%
$RFD; 138%
$SPONGE; 0%
$GEN; None
HUOBI and Gate.io recorded impressive gains—2710% and 2324%, respectively—for $PEPE. However, listing a day after LBank and Bitget cost their users over 2300% value increases on their investments.
How Meme Coins are Driving Unconventional Innovation
As these crypto exchanges compete against themselves by constantly searching for potentially hot coins, one thing stands out—their willingness to openly embrace unconventional projects. By actively seeking out new projects to list, crypto exchanges show their commitment to supporting peculiar projects. Although meme coins are loosely based on famous memes, animals, or characters, they have become an avenue for experimentation in the web3 space.
Meme coins are continually pushing the boundaries of conventional investments and attracting a diverse audience. Comprising a community of exuberant individuals committed to contributing to the growth of a project. By fervently seeking the next big meme coin, exchanges are encouraging developers to keep experimenting and launching unique projects. Additionally, the rise of these meme coins is proof of the impact of the internet and meme culture.
Memes have become a huge part of the internet and social media experience. And by listing meme-based coins, exchanges are tapping into a potentially replete environment with millions of global supporters waiting to be onboarded. Speaking about these meme coins and how they're opening doors for mass adoption, Johnasson Chen, co-founder of LBank reiterates that the pursuit of meme coins contributes to the resilience and diversity of the emerging web3 ecosystem.
“Staying on top of the market for memes is crucial to delivering top-notch investments to our users as early as possible. The pursuit of meme coins also contributes to the overall diversity and resilience of the Web3 ecosystem. The inclusion of such coins alongside more established cryptocurrencies fosters a healthy balance between established projects and innovative newcomers, allowing for a continuous cycle of disruption and growth,” the co-founder 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.
362 days ago • cryptodaily
Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
Paris, France, May 3rd, 2023, ChainwireToday marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.Symmetry's liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.ContactPRS. [email protected]