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Tag: month

  • Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch

    Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch

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    Flickto has seen tremendous success since its first launch on Nov 1st. The number of delegates on the platform has grown rapidly, as has the volume of ADA staked. Less than one month after launch, more than 1.5 ADA has been staked on its ISPO delegator pool.

    The project is revolutionizing the way that media financing is carried out. Flickto uses the ISPO pool to fund projects through community partnerships. The media launchpad provides creators with the financing they need to produce their content, while simultaneously providing users the ability to earn passive income by way of distribution royalties after the projects are completed.

    Staking In Flickto ISPOs

    Users can stake and earn rewards by staking their ADA and earning Flickto’s native token FLICK. Staking with FLICK tokens gives the user the right to vote for the projects which they would like to see funded. Then when the projects are approved by the broader community via voting with staked FLICK tokens, financing is provided until the project is distributed. At which point users will start earning royalties.

    Users are able to fund projects that will eventually be seen on the big screen in theaters and also on their TV screens. This takes the power over the media industry out of the hands of a few conglomerates and puts it in the hands of the community, completely eliminating the barrier to entry for industries such as this.

    In addition to the rewards from staking FLICK and ADA, participating in voting also earns users rewards. It also makes users eligible for extra rewards, like the just-concluded airdrop that saw two NFTs go to users who have staked in the pool.

    Where Media Meets Blockchain

    Flickto is the first of its kind on the Cardano blockchain and as such has recorded much success since launch. It entered into a partnership with media industry veterans Ben Morris and Geraint Harvard Jones, who serve as advisors to the project. With decades of experience between the two, they will guide Flickto as they navigate the media project financing space.

    Artists from various genres can be selected by the community for financing. Flickto is not just limited to film and TV production. NFT artists and content creators are another example of projects that users can vote on.

    FLICK Private And Public Sale

    Flickto has completed the first phase of its Private Sale round with great success. The next opportunity to acquire FLICK outside of the ISPO is via the upcoming IDO. The private sale gave users the opportunity to purchase the tokens at a low price.

    The Cardano-based project will help accelerate Flickto to provide efficient and transparent crowdfunding services.

    The total supply of FLICK tokens is capped at 5,000,000,000 with a total of 1,000,000,000 FLICK tokens going up for sale in the private sale.

     

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  • Bitcoin ‘Moonvember’ begins as data shows November is best month for S&P 500

    Bitcoin ‘Moonvember’ begins as data shows November is best month for S&P 500

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    Bitcoin (BTC) bulls are betting on a solid month for BTC price action, as November traditionally sees strong gains for United States stocks.

    Data shows that November has been the best performing month for the S&P 500 since 1985.

    November 2021 has stiff competition

    With “Uptober” already the biggest month in terms of gains for Bitcoin in 2021, odds are stocks could act as a catalyst for further upside in “Moonvember.”

    Median S&P 500 progress in November over the past 35 years has been just over 2% — making it the only month to achieve those median returns.

    At the same time, over 70% of years have seen positive returns, and Bitcoin’s history is similar.

    In November, BTC/USD has ended up higher than when it started with the exception of just two years: 2018 (-36.5%) and 2019 (-17.2%).

    2020 conversely saw 43% gains, leaving the door open for a rematch in line with expectations.

    BTC/USD monthly returns table. Source: Bybt

    As Cointelegraph reported, these predict a volatile but ultimately extremely beneficial month as Bitcoin approaches its Q4 peak.

    “Highest monthly close in history. Congrats Bitcoin and congrats y’all,” an optimistic TechDev summarized on Nov. 1.

    “We are now headed toward our second monthly RSI peak like every cycle before. Nowhere near a top. Trust the indicators.”

    TechDev is eyeing either copycat retrace of 2017’s top sequence or that of 1970s gold, both apt to send BTC/USD far beyond $100,000.

    Bumps in the road for stocks and Bitcoin

    Bitcoin’s relationship to traditional markets has come into examination in recent months as the cryptocurrency begins to carve out its own path away from macro.

    Related: ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week

    A test of trader resolve may come as soon as this week as the Federal Reserve prepares new comments on asset purchase tapering.

    For Bitcoin, the decision whether or not to allow a regulated exchange-traded fund (ETF) in the U.S. this month may yet steer price action far away from predictions — especially if a rejection is seen.

    As proponents point out slowness in following other countries, VanEck — one of over 40 applicants — has revealed it is mulling applying to launch a spot ETF in Australia.