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  • Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

    Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

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    In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability.

    Five Investment Rules For Shibarium Projects

    1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially enhance the token’s value over time. Lucie assesses the impact of SHIB burns on the ecosystem’s overall health and price stability.

    2. Metaverse Development: The second rule focuses on whether projects are planning or currently building within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, investments in this space could signal forward-thinking and innovative capabilities within the Shibarium projects.

    3. Engagement with BONE Token: BONE ShibaSwap (BONE), serves as the gas token for transactions within Shibarium. Lucie queries whether a project is involved in burning BONE or creating utilities around it that increase its appeal and functional use within the ecosystem. This utility can significantly impact the token’s demand and usage patterns.

    4. LEASH Token Utilization: Another crucial factor is the use of Doge Killer (LEASH), another significant token in the ecosystem. Projects’ plans for incorporating LEASH into their functionalities or governance structures reflect their integration depth within the Shibarium network.

    5. Verified Contributions to Shibarium: The final criterion involves assessing the tangible, positive contributions a project has made towards improving Shibarium, with a necessity for these contributions to be verifiable on the blockchain. This transparency ensures that the projects not only promise but also deliver real value to the ecosystem.

    Examples Of Shiba Inu Projects Meeting Lucie’s Criteria

    Lucie named several projects that exemplify her investment rules. WoofSwap, for example, has been a proactive participant in SHIB and BONE burning through its inscription tokens and the launch of its meme coin, DAMN. This activity helps reduce the circulation of key tokens, potentially driving up their value.

    Shib Dream and Shib CoOp were cited for their contributions to building within the Shiba Inu Metaverse, a significant area of development that could herald new utility and user engagement within the ecosystem. K9 Finance has been noted for enhancing liquidity and staking mechanisms for BONE, creating more robust economic incentives and utility for the token.

    In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp assist in NFT adoption on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP was highlighted for its role in facilitating Shiboshis staking and supporting new projects within the ecosystem.

    Shib Dream responded enthusiastically to Lucie’s endorsement: “All great projects! We have burned over a Billion Shib. Invested over 30K in Shibarium Projects. Building in the Metaverse. Gave back over $60K to the community. Good Deeds – Over $10k in Donations. Not using Leash yet going to figure that out. Other things coming soon. SHIBARIUM. Keep Building. Keep Dreaming.”

    At press time, SHIB traded at $0.00002360.

    Shiba Inu price
    SHIB breaks the symmetrical triangle to the downside, 1-day chart | Source: SHIBUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

    Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

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    Coinbase Challenges SEC’s Definition of 'Investment Contracts' in Crypto TransactionsIn a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. This pivotal case could set significant precedents for the cryptocurrency industry in the […]

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  • Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

    Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

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    Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing.

    Technical Indicators Suggest A Bearish Trend For Avalanche

    Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the trend line. This could mean that the price is on a downward trend. The MACD indicator on the 4-hour timeframe suggests a very strong bearish movement as the MACD histograms are trending below the MACD zero line.

    Avalanche

    Also, both the MACD line and MACD signal line are trending below the zero line. Given the formation of the MACD indicator, it shows that there is a possibility that the price will still move further downward.

    Furthermore, the Relative Strength Index (RSI) also on the 4-hour timeframe suggests a bearish trend as the RSI signal line is trending around the oversold zone. Despite the potential of a retracement at this point, the price will drop more following this.

    Avalanche

    The alligator indicator is another powerful tool used to determine the trend of an asset. A look at the above image shows that both the alligator’s lip and teeth have crossed over the alligator’s jaw facing the downward direction. This formation suggests that the trend is bearish and that the price could witness a deeper decline.

    What Could Happen Next

    Based on the price’s previous movement, there are two major resistance levels of $50 and $59.99 and a support level of $39.95. As Avalanche is on a negative trajectory, if prices manage to break below the support level of $39.95, it could trigger a move further toward the next low of $27.53.

    On the other hand, if the price fails to break below its previous low, it might start an upward correction movement toward the resistance level of $50.80. However, if it manages to break past this level, AVAX might move even further toward the $59.99 resistance level.

    As of the time of writing, the Avalanche was trading around $38, indicating a decline of 1.75% in the last 24 hours. Its market cap is down by over 16%, while its trading volume has increased significantly by nearly 250% in the past day.

    Avalanche
    AVAX trading at $38 on the 1D chart | Source: AVAXUSDT on Tradingview.com

    Featured image from Shutterstock, chart from Tradingview

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • Presidential Election Betting Surges as Odds Tighten on Polymarket

    Presidential Election Betting Surges as Odds Tighten on Polymarket

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    Presidential Election Betting Surges as Odds Tighten on PolymarketThe competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by […]

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  • Analyst Projects 400% Price Increase

    Analyst Projects 400% Price Increase

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    VeChain (VET), a blockchain platform aiming to revolutionize supply chain management, has become a hot topic in the cryptocurrency world. A recent surge in VET’s price, coupled with technical breakthroughs, has ignited a wave of optimism among investors and analysts.

    VeChain Shatters Resistance Levels, Bullish Flag Signals New Highs

    The good news for VeChain started with a decisive break above a multi-year downtrend line. This technical indicator, closely watched by analysts, suggests a potential shift in long-term market sentiment. Additionally, VET decisively surpassed a key horizontal resistance level, adding fuel to the bullish fire.

    At the time of writing, VET was trading at $0.04, down 3.1% in the last 24 hour, but managed to sustain a 17% gain the last week, data from Coingecko shows.

    Following this breakout, VeChain entered a consolidation phase, a period of sideways trading often seen after a significant price increase. However, this pause proved to be temporary. VET recently emerged from a bullish flag formation, a technical pattern known for preceding substantial price increases. Analysts are interpreting this breakout as a sign that VeChain is poised for another leg up.

    400% Surge Anticipated: Will VeChain Live Up To The Hype?

    Capitalizing on the bullish sentiment, crypto analysts have made some bold predictions. World of Charts, a prominent analyst group, is forecasting a staggering 400% increase in VET’s value in the coming weeks.

    X user Clifton Fx also provided a positive outlook. A 25% surge to $0.06 is in the cards in the next days, the expert said, pointing to VET’s “bullish flag” on the daily period.

    However, the cryptocurrency market is notorious for its volatility, and unforeseen events can trigger rapid price swings. While the technical indicators and analyst forecasts paint a rosy picture for VeChain, there’s no guarantee that the predicted surge will materialize.

    VET market cap currently at $3.5 billion. Chart: TradingView.com

    Beyond The Hype: VeChain’s Real-World Potential

    VeChain’s appeal goes beyond the recent technical triumphs and the allure of potential windfalls. Unlike many cryptocurrencies focused solely on speculation, VeChain offers a tangible solution to real-world problems. Its blockchain platform tackles inefficiencies and lack of transparency in supply chains, a multi-trillion dollar industry ripe for disruption.

    VET weekly price action. Source: Coingecko

    VeChain’s technology allows businesses to track products throughout the entire supply chain process, ensuring authenticity, quality, and efficient logistics. This not only benefits businesses but also empowers consumers with greater transparency about the products they purchase.

    VeChain’s recent surge and optimistic forecasts present an attractive opportunity for investors. However, the inherent volatility of the cryptocurrency market cannot be overstated.

    Featured image from Binance Academy, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Global Blockchain Show and Global AI Show Premier in Dubai | by BitMedia Buzz | Apr, 2024

    Global Blockchain Show and Global AI Show Premier in Dubai | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz
    InsiderFinance Wire

    Our PR partner, yourPRstrategist, is a proud PR partner of the Global Blockchain Show and is pleased to giveaway 10 standard tickets to our community. Check out their Twitter for more details!

    For those who wish to purchase a ticket, our PR partner, yourPRstrategist is happy to offer our community a 15% discount code: ‘PRstrategist’

    Dubai, April 12, 2024 — VAP Group is pleased to announce the inaugural edition of the Global AI Show and the Global Blockchain Show, scheduled to take place on April 16 and 17, 2024, at the Grand Hyatt, Dubai.

    The Global AI Show is a power stage hosting international and regional thought leaders in the artificial intelligence and the machine learning space, while the Global Blockchain Show will bring together experts from the Web3 ecosystem to share their insights and discuss future opportunities in the rapidly evolving industry.

    A wide range of themes will be discussed at both conferences in two days. At the Global AI Show, attendees will get a glimpse into an AI-powered future with keynote speeches on sectors such as healthcare, finance, retail, oil and gas unlocking new possibilities with the help of AI. The evolution of the digital ecosystem, data protection, blockchain in finance, gaming, the metaverse, and NFTs are some of the topics that will be discussed at the Global Blockchain Show.

    Jamie Metzl, a technology and healthcare futurist, will be navigating the implications of the AI, genetics, and biotechnology revolutions. Attendees can get their copies of Hacking Darwin: Genetic Engineering and the Future of Humanity signed and also get exclusive insights from Metzl’s new book — Superconvergence: How the Genetics, Biotech, and AI Revolutions Will Transform our Lives, Work, and World.

    Dr. Divya Chander, a neuroscientist and medical futurist, will take us on a journey from brain reading to brain writing to closed-loop brain machine interface systems through her headliner at the Global AI Show. Another prominent speaker at the Global AI Show is H.E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security at United Arab Emirates Government, who will present a keynote on a future with AI.

    The Global Blockchain Show will showcase the dynamic landscape of blockchain technology. Among the distinguished speakers, H.E. Justin Sun, the visionary Founder of TRON and Member of the HTX Global advisory board, will take center stage. Renowned for his groundbreaking contributions to the blockchain space, Justin Sun will grace the event with his profound insights and forward-thinking vision. Additionally, Global Blockchain Show will feature a fireside chat with Lennix Lai, Chief Commercial Officer of OKX, who will encompass the yin and yang of crypto trading. Dominic Williams, Founder & Chief Scientist of DFINITY Foundation, will discuss the decentralized cloud vision of the DFINITY blockchain.

    Furthermore, the Global AI Show and the Global Blockchain Show are thrilled to have the world’s first AI humanoid robot Sophia as their Official Ambassador. Sophia is a prime example of the wonders of artificial intelligence and robotics, converging technology with humanity. Her presence at the two events seeks to inspire attendees on the limitless possibilities of AI and web3 technologies.

    The Global AI Show and the Global Blockchain Show will feature a start-up village where start-ups and scale-ups will have the chance to power pitch their innovative ideas, technology and creations to investors, venture capitalists and big tech. A VAP Accelerator will be launched to serve as an incubator for ambitious start-ups. Meanwhile, a community stage at the Global Blockchain Show and the Global AI Show will be set up to focus on fostering inclusivity, collaboration, and engagement within the blockchain and AI community.

    An official awards ceremony will take place on April 17 at the Grand Hyatt, Dubai. The Global AI Awards and the Global Blockchain Awards seek to recognise excellence and innovation, and pay tribute to the trailblazers, innovators and guardians who tirelessly push the boundaries of possibility in the field of AI and blockchain technology.

    The Global AI Show and the Global Blockchain Show will finish with an afterparty at the luxurious White Beach at Atlantis, The Palm. Hosted by VAP Group, the afterparty provides a unique platform for industry experts and enthusiasts to mingle, exchange ideas, build valuable connections, explore potential collaborations, and unwind in a relaxed atmosphere.

    About VAP Group

    VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

    VAP Group is the organiser of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

    For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalaishow.com or media@globalblockchain.com



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  • $41 Million Crypto Investment Scheme Collapses in Australia

    $41 Million Crypto Investment Scheme Collapses in Australia

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    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

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  • Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

    Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

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    Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.

    Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.

    The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.

    Billionaire to Convict

    Bankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.

    After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.

    During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing.

    Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.

    Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.

    The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.

    Billionaire to Convict

    Bankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.

    After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.

    During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing.

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  • Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

    Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

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    Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 MillionAccording to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. Costco Might Be Selling $200 Million in Gold Every […]

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  • Cryfi Releases V1 of Blockchain-Verified Signal Trading App on Telegram, with Founder Pass NFT Sale to Launch May 3 | by BitMedia Buzz | Apr, 2024

    Cryfi Releases V1 of Blockchain-Verified Signal Trading App on Telegram, with Founder Pass NFT Sale to Launch May 3 | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz
    InsiderFinance Wire

    Providing Proof-of-Signal, Cryfi’s trading signal platform features blockchain-verified signals and a leaderboard of top signal providers. Offering the perfect combination of control and automation, Cryfi users will be able to easily copy and adjust signals and then automatically implement these signals on CEXs and DEXs via API integration.

    SINGAPORE, April 11, 2024 — Cryfi, a blockchain-verified trading signal platform, has released its Alpha version as a Telegram Mini App that goes beyond basic copy-trading to make it easier to not only share but adjust and implement trading signals. Cryfi’s Founder Pass NFT collection that grants users numerous perks on the platform will also be made available for early Cryfi supporters on May 3rd. The full-featured web-app launches later this year with the world’s first blockchain-verified trading signals and leaderboard.

    “We’re developing Cryfi’s on-chain verification to bring trust and transparency to crypto trading and remove the scam-traders that the space has become famous for,” said Cryfi founder and CEO Yura Mizin. “As we enter crypto’s next bull run, more and more people are keen to start trading. There is no better way to learn how than to follow and listen to the best traders on the market today. However, since it’s currently impossible to verify someone’s trading skills, too many people end up following fakers who claim to be pros.”

    Cryfi addresses these problems and more.Providing Proof-of-Signal, Cryfi’s trading signal platform features blockchain-verified signals and a leaderboard of top signal providers. Offering the perfect combination of control and automation, Cryfi users will be able to easily copy and adjust signals and then automatically implement these signals on CEXs and DEXs via API integration.

    Trading channel subscriptions, member management and promotions will be automatically handled for signal providers, so they can focus on trading and building their reputations. Meanwhile, traders can learn all the best trading strategies together via trading courses and a closed discussion group with top-performing signal providers on the platform.

    “Cryfi will be like a passport — a blockchain-verified certificate that showcases your trading capabilities. In addition, Cryfi will offer plenty of other features to help traders and signal providers trade more quickly and efficiently.”

    Available now, Cryfi’s Alpha version is a Telegram Mini App that allows signal providers more efficiently share their signals in their own existing communities, with automatic integration with Binance via API. The full-featured web-app platform is scheduled for launch in Q3 2024, with Cryfi’s $CRFY token scheduled to launch in early 2025. The whitelist for their Founder Pass NFTs is already open, with an official Cryfi Galxe campaign ongoing until May 3rd with USD 6,000 worth of NFTs to give away. Stay tuned to their social media channels for the launchpad reveals.

    Founder Pass NFTs Available May 3: Numerous Perks for Early Supporters

    The Founder Pass is a limited edition collection of 430 utility NFTs that give early supporters many distinct benefits on the Cryfi platform — such as a membership in a closed group with pro traders and lifetime subscriptions to trading courses and Cryfi Pro, which will allow traders to copy and adjust signals and technical analysis on the live chart. There are two tiers of NFTs: the Shark Pass, which caters to novice traders, and the Whale Pass, which grants additional perks such as profit sharing, larger discounts and forever access to signal channels to Cryfi’s top ambassadors. Both tiers have plenty of other perks, too. See the official Cryfi Medium blog for more information about all the benefits of owning a Cryfi Founder Pass NFT.

    Founder Pass NFT Details

    • Shark Pass: $300 each, 404 NFTs in total
    • Whale Pass: $3000 each, 26 NFTs in total

    To earn a spot on the Founder Pass whitelist prior to the NFT launch, supporters should visit the Galxe campaign page linked below and complete the social tasks listed there. The top 50 participants will earn a guaranteed chance to purchase Founder Pass NFTs. All participants will also receive a free Early Supporter badge and be entered into raffles, with prizes coming from a pool of NFTs worth USD 6,000.

    Participate in the Galxe campaign here: https://app.galxe.com/quest/Cryfi/GCFddtTagR

    Top Partners to Bring Further Value to the Cryfi Platform

    Cryfi is also forging a number of important partnerships that will bring new features to the platform. One key partner is Analog, a company which is developing a suite of multi-chain protocols. Analog’s interoperability technology will help Cryfi query other blockchains to seamlessly compare signal prices with real prices, and trade signals across chains without having to deal with smart contracts.

    “One of our visions is to help move traders from Web2 to Web3. While most people are familiar with the big names in the crypto space — Bitcoin, Binance, Ethereum and so forth — a lot of traders are not actually Web3 users. We want to change that,” Mizin said. “Lucky for us, Analog has all the tools we need to achieve this.”

    Other partnerships will add new capabilities to the Cryfi platform post-launch. Copin will bring their on-chain traders to Cryfi as signal providers, Yoki Finance will bring crypto payments for channel subscriptions, and the quant trading platform Crypto Arsenal will onboard Cryfi’s signal providers as additional analytics sources. Further big features coming up include copytrading, algorithm trading, trading bots and AI bots.

    Cryfi’s team of experts boasts more than 50 years experience in product development, 30 years in blockchain, and 10 years in trading combined. Team members have worked with a number of leading brands, including Equifax, HTX and other fintech leaders in the Web2 and Web3 spaces.

    See how Cryfi works in this video:

    Cryfi is More Than Just Another Trading Platform — It’s a Trading Community

    By providing a fair and transparent social space where traders and signal providers can share ideas, Cryfi is building a real community of people with similar goals. Anyone can submit trading signals on Cryfi — their blockchain-verified track record will speak for itself on Cryfi’s leaderboard. This removes a huge barrier of entry for new signal providers, while ensuring Cryfi is represented by some of the best traders on the market.

    Supporters who join early will enjoy the benefit of utilizing the first blockchain-verified trading signals on the market, giving them increased trust in the validity of their trading strategies that most other trading communities cannot offer. Founder Pass NFT holders will also be the first to try out all new features Cryfi adds to its platform, giving them a distinct advantage when compared to members who join the platform later on.

    About Cryfi

    Launched in 2024, Cryfi is a crypto trading app that connects traders with blockchain-verified signal providers. The newly released MVP is available as a Telegram Mini App that allows for easy creation and implementation of trading signals. A future version is being developed that will include a mobile app, signal channel subscriptions, a leaderboard for top-performing signal providers, API integration with more centralized exchanges and DEXs, a trading school, and more.

    Official Channels

    Cryfi Website: https://cryfi.app/

    Cryfi Twitter: https://twitter.com/Cryfi_app_

    Cryfi Medium Blog: https://medium.com/@cryfi_app

    Cryfi Telegram (Announcements): https://t.me/+GggbNqo8GLcwNTVi

    Cryfi Telegram (Chat): https://t.me/cryfi_official

    Cryfi V1 (MVP): https://t.me/CryfiBot

    Cryfi LinkedIn: https://www.linkedin.com/company/cryfi/

    Cryfi Whitepaper: https://cryfi.gitbook.io/cryfi

    Cryfi Video: https://www.youtube.com/watch?v=6Q3gpqiqVp0

    Cryfi Whitelist Galxe Campaign: https://app.galxe.com/quest/Cryfi/GCFddtTagR



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