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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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  • Top Cryptocurrency Projects Shaping 2024’s Landscape | by BitMedia Buzz | Mar, 2024

    Top Cryptocurrency Projects Shaping 2024’s Landscape | by BitMedia Buzz | Mar, 2024

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    BitMedia Buzz

    Crypto lovers and investors have eagerly anticipated the year 2024. First, since it marks the commencement of the bull run, it demonstrates that now is a fantastic moment to invest in truly excellent projects with significant usefulness in the cryptocurrency industry and earn long-term returns. Additionally, Bitcoin will be halved by April, allowing numerous outstanding projects to dominate the market as time goes on.

    Being an investor in an incredible project with much potential is always exciting. Historically, many projects have been successful due to the investor community. Aside from hearing the bright perspectives of the team, other investors, and the broader community on the project’s development, leading to knowledge expansion, you will also get amazing returns and incentives in various ways.

    Many aspiring cryptocurrency experts make the mistake of focusing on immediate gains. Because of this, they participate in overhyped projects or tokens that are set to be dumped. The parameters used to assess a good project are the team’s long-term aim, the problem they want to tackle, the roadmap indicating the timeline, and the whitepaper demonstrating how.

    Cogito Finance, co-founded by Dr Ben Goertzel, is part of the SingularityNET ecosystem. It tokenizes traditional assets for on-chain finance, offering 24/7 instant settlement and token transferability. Their AI models revolutionize the investment strategy landscape.

    Cogito’s governance token, CGV, empowers users to actively shape the platform’s future through voting on key decisions. CGV holders also benefit from profit sharing, receiving a portion of Cogito’s revenue. CGV can be staked on SingularityDAO for extra yield. With current availability on Binance Smart Chain, Ethereum, and Cardano, CGV offers a combination of community governance, profit sharing, flexible staking options, and multi-chain accessibility.

    ZAP is a community-driven token launch protocol that ensures founders and investors receive fair value. Unlike traditional launchpads, ZAP allows investors to access token sales through on- and off-chain engagement rather than through lottery or staking requirements. ZAP offers three distinct use cases: curated launches via ZAP Lab, fair launches via ZAP Launch, and gamified airdrops via ZAP Drops.

    These use cases are built upon a single tech layer: Mission Control, Overallocation logic, and native yield with additional API options. ZAP is backed by top-tier Venture Capitals and Key Opinion Leaders and will soon announce its supporters, token and NFT plans, and more.

    eesee is a gamified liquidity solution and marketplace for digital assets, tokens, and RWAs on Blast backed by Animoca Brands. The platform helps users maximize their trading profits by selling digital assets, tokens, and RWAs at a desired price, regardless of market conditions.

    Its unique protocol, features, strong backers, and incentivized approach make it attractive to many Web3 users. With over 1.9 million wallets already on its testnet, eesee has tripled its user base and volume since the start of 2024, creating a big and strong community around the project. eesee’s mainnet is launching shortly, and TGE is planned to launch at the beginning of April.

    ONEG8 is a revolutionary “super app” already available for iOS and Android, focused on data privacy, social media, communications, and e-commerce. With its state-of-the-art blockchain and native cryptocurrency (G8 Coin), ONEG8 is compatible with Ethereum Virtual Machine (EVM), opening it to a global market of over 400,000 million users. The native token G8C (Gate Coin) features an aggressive burn mechanism and staking opportunities. All platform sales and fees are settled in G8C, triggering more burns and incentives to hold.

    Excitedly, G8 Coin (G8C) launches for trading on BitMart on April 8th, 2024. With a commitment to long-term value growth and privacy, ONEG8 and G8 Coin destabilise big tech while empowering you, the user.

    PlayMining is a pioneering force in NFT gaming within the burgeoning GameFi sector. With a global reach spanning over 100 countries and a player base exceeding 2.7 million individuals, PlayMining is currently revolutionizing the blockchain landscape with their DePIN-integrated #GamifyingWork initiative. By combining Web3 gamification strategies with physical infrastructure networks, such as its ongoing collaboration with TEPCO (Tokyo Electric Power Company) to crowdsource labor, it offers unique work solutions for businesses.

    PlayMining offers diverse gaming experiences through three core services: PlayMining Games, featuring popular titles like JobTribes; PlayMining NFT, a marketplace boasting over 100 original artworks; and PlayMining Vault, which incentivizes user participation. These services converge through PlayMining Tokens, the PlayMining Chain, and PlayMining Verse, creating a dynamic ecosystem for creators and users to engage, innovate, and prosper.

    The crypto options market boasts a substantial $20 billion trading volume (Jan 2024), but navigating it can be challenging. Arrow offers a secure solution for non-US traders. Its complete system streamlines option creation, pricing, and settlement. The platform’s innovative “request for execution” engine fosters efficient matching and dynamic pricing within existing frameworks, minimizing reliance on external trust mechanisms.

    Arrow prioritizes user control, allowing investors to retain asset custody. Moreover, the company’s user-friendly interface, comprehensive educational resources, and practice testnet empower informed trading decisions for all experience levels.

    BonusBlock revolutionizes Web3 engagement with two pivotal solutions. Firstly, an AI model assesses wallet quality, facilitating a marketplace where projects connect with users based on quality levels for user proofing and acquisition, streamlining user verification and on-chain nativity. Secondly, custom white-label solutions cater to project-specific needs, fostering long-term engagement, smart verification, and automated ambassador programs to cultivate robust communities.

    Collaborations with notable entities like Injective and XION by Burnt underscore BonusBlock’s efficacy, boasting over 10 million on-chain transactions and 4 million users. This highlights BonusBlock’s substantial impact on the Web3 sector, redefining user experiences and project engagement.

    Everyone in the crypto industry needs to be able to conduct their investigation before making any investment decisions, as there are many bad players in the space. Numerous warning flags to look out for include a lack of transparency, unrealistic promises, a lack of community engagement/a bot-dominated community, pump-and-dump schemes, and plagiarized whitepapers and websites.

    As much as 2024 promises great success for the crypto world, jumping on the wrong project will put you at a complete disadvantage. Hence, taking your time before making an investment decision is good.

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  • Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ATOM, FTM

    Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ATOM, FTM

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    Crypto markets are expected to remain volatile for the foreseeable future, but BTC’s battle to reclaim $40,000 could be followed with rallies from LUNA, AVAX, ATOM and FTM.

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  • Top 5 cryptocurrencies to watch this week: BTC, LEO, MANA, KLAY, XTZ

    Top 5 cryptocurrencies to watch this week: BTC, LEO, MANA, KLAY, XTZ

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    BTC continues to lose ground, but if the $40,000 level is reclaimed, LEO, MANA, KLAY and XTZ could be the first to recover.

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  • Islamic DeFi $MRHB Token featured on Nasdaq Top 7 in Jan to List on LBank Global Exchange | by Bit Media Buzz | Feb, 2022

    Islamic DeFi $MRHB Token featured on Nasdaq Top 7 in Jan to List on LBank Global Exchange | by Bit Media Buzz | Feb, 2022

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    MRHB DeFi follows the successful DEX (decentralized exchange) listing on Pancakeswap with its first CEX (centralized exchange) listing on LBank as it continues to bring DeFi opportunities to communities previously discouraged or excluded from the cryptoverse.

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  • Why 2022 Could Be The Best Year For Cardano, Top Bullish Predictions

    Why 2022 Could Be The Best Year For Cardano, Top Bullish Predictions

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    Cardano (ADA) experienced a major downtrend in the past months as the crypto market took another swing for the lows. The sixth cryptocurrency by market cap has seen a year in the green as it managed to complete several upgrades on its mainnet.

    Related Reading | Biggest Cardano Based Cross-Chain NFT Marketplace Verlux kicks Off Pre-sale

    First, Cardano successfully transitioned to a Proof-of-Stake consensus in 2020, shortly after the D parameter reached “0” signaling the full decentralization of block production. The network went from a federate consensus to a community-based consensus as the latter control most stake pools producing blocks on the network.

    Later, the start of a new era with the first of 3 major Hard Fork Combinator (HFC) events with the implementation of “Allegra”, followed by “Mary”. These upgrades brought new capabilities to the Cardano mainnet which were completed with “Alonzo” that introduced smart contract capabilities into the blockchain.

    This ecosystem has already seen a surge in projects, as developers and users rush in to build and leverage the benefits of its UTXO model. In that sense, community member ADA Whale shared his top predictions that could boost another rally for the underlying cryptocurrency of the Cardano network.

    ADA Whale mentioned the potential increase in the number of transactions and active addresses for Cardano. The investor believes these fundamentals could increase by a factor of 5 leading into a massive wave of adoption in 2023.

    Cardano remains one of the most actively used networks. Scaling happens via different streams, first gradually to keep up w growth, exponentially in 2023.

    This new wave of adoption for this network could translate into more projects. The investors estimated that by the end of 2022, there could be more than 250 decentralized applications, DeFi platforms, launchpad and more on the network. The investor added:

    Cardano DeFi starts slowly but TVL >$10bn eoy. Dapp store with levels of certification goes live. Ease of use sees people replace banking stack with Cardano DeFi. Digital Identity projects thrive connecting DeFi w/ real world. UTXO DeFi will be different, and better

    Cardano And Its Potential For The Coming Years

    In addition to its security, according to ADA Whale, Cardano offers low fees, energy efficiency with a green footprint, and has been adopted by companies and projects with a global impact. This includes World Mobile, Singularity, and others.

    The aforementioned collaborations place the ecosystem in different sectors with close deals with governments in growing economies. Cardano will strengthen its partnerships in the coming years as it attempts to provide people with an open, decentralized, and accessible network to manage and support a variety of basic services.

    In the meantime, the network develops interoperable capabilities. ADA Whale mentioned Milkomeda, a second layer solution for Cardano with EVM compatibility. This types of solutions will help onboard more users and developers.

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

    As of press time, ADA trades at $1,36 with sideways movement in the past day.

    Cardano ADA ADAUSDT
    ADA trends to the downside in the 4-hour chart. Source: ADAUSDT Tradingview



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  • Top 5 Cryptocurrencies of 2021

    Top 5 Cryptocurrencies of 2021

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    The cryptocurrency market started 2021 on the back of substantial gains in December 2020. The overall market cap of cryptocurrencies jumped from approximately $500 billion to $752 billion in the last month of 2020.

    2021 started as a ‘game-changing’ year for the cryptocurrency market as a dramatic surge in demand for cryptocurrencies led to a substantial jump in the value of digital assets. The overall market cap of digital currencies jumped from $750 billion in January to a record high of approximately $2.5 trillion in May 2021. Despite the latest dip, the total market cap of cryptocurrencies is hovering near $1.4 trillion, which is up by more than 85% in the last six months.

    While some of the cryptocurrencies spiked by more than 10,000% in 2021, we have compiled a list of the top cryptocurrency assets which is not only focused on price gains. We have ranked the top 5 cryptocurrencies on the basis of retail and institutional adoption, popularity and market cap.

    Dogecoin (DOGE)

    Started as a joke cryptocurrency in 2013, Dogecoin became the most popular digital currency in 2021. Driven by the Redditt frenzy in January this year, DOGE spiked by nearly 900% within 24 hours on 29 January. Additionally, Dogecoin received support from celebrities, including Elon Musk and Snoop Dogg. In terms of adoption, several global organizations started accepting DOGE as a mode for payments. As of the time of writing, Dogecoin is trading above $0.21 with a market cap of more than $27 billion. DOGE is up by more than 4,500% since the start of 2021.

    Dogecoin (Coinmarketcap)

    Ethereum (ETH)

    ETH is the second-most valuable cryptocurrency in the world after Bitcoin. Institutional interest in Ethereum jumped substantially in 2021 as large organizations started adding Ethereum to their balance sheets. According to CoinShares, Europe’s largest crypto asset manager, ETH-related investment products attracted more than $1 billion in the first six months of 2021. Grayscale, the US-based digital asset management firm, expanded its ETH assets significantly this year. The company now holds more than 3.1 million ETH. In terms of price, Ethereum remained the best performing cryptocurrency among the top 3 with a jump of nearly 190% in H1 of 2021. ETH currently has a market cap of $254 billion.

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    Ethereum (Coinmarketcap)

    Binance Coin (BNB)

    BNB surprised everyone in 2021 with substantial gains. The cryptocurrency became popular among retail traders due to its limited supply. One of the main reasons behind the surge in the popularity of BNB in 2021 is that a record number of BNB tokens were burnt this year. “When you burn coins, they are taken out of circulation forever. It increases the value of the remaining coins,” Binance CEO, Changpeng Zhao mentioned on Twitter in April. Binance Coin started this year with a price level of $37. The cryptocurrency spiked by more than 700% to reach $300 by the end of June 2021. BNB’s current market cap stands at around $47 billion.

    BNB (Coinmarketcap)

    XRP

    In December 2020, XRP lost nearly 60% of its value after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. However, the adoption of XRP Ledger (XRPL) has increased rapidly since the start of 2021. Ripple formed several partnerships with some of the leading cross-border payment firms around the world to enhance the use of XRP in global payments. XRP-related investment products also saw large institutional inflows this year. XRP’s retail demand and the total number of whale addresses have increased substantially over the last six months. As a result, the price of XRP has jumped from $0.22 to $0.60 in the first half of 2021. XRP is the 6th most valuable cryptocurrency in the world with a market cap of over $28 billion.

    XRP (Coinmarketcap)

    Bitcoin (BTC)

    Despite the reason that BTC lagged behind other cryptocurrencies like Ethereum, XRP and Dogecoin in terms of price gains, Bitcoin received immense support from large hedge fund managers and institutional investors. In February 2021, Tesla, the world’s largest electric car maker, purchased $1.5 billion worth of Bitcoin. Moreover, MicroStrategy and Square increased their BTC holdings during the first half of 2021. CoinShares mentioned that the overall investment into BTC-related investment products in H1 of 2021 has already jumped above the total investment of the entire 2020. According to the latest data published by crypto analytics firm, Santiment, Bitcoin whales holding between 100 and 10,000 BTC now have more than 9.13 million coins, which is the highest level on record. This shows that BTC remained the preferred choice of large investors in 2021.

    Bitcoin is still the most valuable cryptocurrency in the world with a market cap of over $600 billion.

    BTC (Coinmarketcap)



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  • Top ten smart contract security risks

    Top ten smart contract security risks

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    By the Blockchain Security Team at Coinbase

    Securing smart contracts from risks remains hard. Unaddressed security vulnerabilities readily turn into existential threats to your token’s viability. So how can asset issuers prevent smart contract vulnerabilities from leading to real financial losses on token networks?

    Keep users’ tokens and token networks safe from attackers by teaching developers to write smart contracts and design robust testing based on this list of ERC-20 implementation risks.

    In Introducing Solidify, we shared how the Coinbase blockchain security team performs smart contract vulnerability review at scale. A meta analysis across a few hundred token Solidify security reports resulted in a list of most frequent and severe risks based on potential impact to token network security.

    The top ten Smart Contract Risks (SCR) fall into three categories:

    1. Operational Risks — Authorization features that are exploited when token network governance is insufficient or flawed
    2. Implementation Risks — Intrinsic errors that result in unintended smart contract behavior
    3. Design Risks — Accepted system features that are exploited to alter intended smart contract behavior

    OPERATIONAL RISKS

    SCR-1: Super User Account or Privilege Management

    The smart contract implements functions that allow a privileged role to unilaterally and arbitrarily alter the functionality of the asset.

    SCR-2: Blacklisting and Burning Functions

    The smart contract implements functions that allow a privileged role to prohibit a specific address from exercising an essential functionality.

    SCR-3: Contract Logic or Asset Configuration can be arbitrarily changed

    The smart contract implements functions that allow the holder of a privileged role to unilaterally and arbitrarily alter the functionality of the asset.

    SCR-4: Self-Destruct Functions

    The smart contract implements a function that allows a privileged role to remove the token contract from the blockchain and destroy all tokens created by the contract.

    SCR-5: Minting Functions

    The smart contract implements a function that allows a privileged role to increase a token’s circulating supply and/or the balance of an arbitrary account.

    IMPLEMENTATION RISKS

    SCR-6: Rolling Your Own Crypto and Unique Contract Logic

    The smart contract implements functions that allow the holder of a privileged role to unilaterally and arbitrarily alter the functionality of the asset.

    SCR-7: Unauthorized Transfers

    The smart contract contains functions that circumvent standard authorization patterns for sending tokens from an account.

    SCR-8: Incorrect Signature Implementation or Arithmetic

    The smart contract contains operations that can result in unexpected contract states or account balances.

    DESIGN RISKS

    SCR-9: Untrusted Control Flow

    The smart contract invokes functions on different smart contracts in order to trigger functionality not defined within the contract itself.

    SCR-10: Transaction Order Dependence

    The smart contract allows asynchronous transaction processing that can be exploited for profit or protocol correctness through mempool transaction reordering.

    For Coinbase customer funds’ safety, the Coinbase blockchain security team assesses all tokens being considered for listing for proper risk mitigations according to the above vulnerabilities. If you’re looking to get a token listed on Coinbase, we encourage you to check your token’s security by reviewing and testing for the aforementioned risks.

    Future posts will help you review your token’s security by examining the top Smart Contract Risks in detail and will also provide countermeasure recommendations.

    If you are interested in listing your token with Coinbase, visit the Coinbase Asset Hub. If you are interested in securing the future of finance, Coinbase is hiring.


    Top ten smart contract security risks was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • MDEX Token ($MDX) Lists on Binance and Enters Top 100 Rankings on Coinmarketcap | by Bit Media Buzz | May, 2021

    MDEX Token ($MDX) Lists on Binance and Enters Top 100 Rankings on Coinmarketcap | by Bit Media Buzz | May, 2021

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    Bit Media Buzz
    MDEX Token (MDX) Enters Top 100 Rankings on Coinmarketcap

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