Since then, ICOs have supported billion-dollar ventures alongside monumental flops, all on the main stage of crypto finance. They’ve helped raise money for everything from metaverse games to decentralized platforms like exchanges, while offering early contributors a stake in either future utility or governance.

If you’re curious about joining an ICO or launching your own, it’s crucial to understand how these token sales work, the risks they carry, and how they stack up against traditional fundraising. In this straightforward but detailed guide, we’ll take the mystery out of ICOs, look at previous ICO campaign events, and look at a checklist for evaluating opportunities on their own merits.

What Is an Initial Coin Offering (ICO)?

An initial coin offering, or ICO, is a method of crowdfunding a blockchain project. An ICO helps raise capital by selling tokens instead of issuing equity like a conventional startup. The dev team mints a set supply of crypto assets, typically from the utility or governance allotment, on a smart-contract platform such as Ethereum, BNB Chain, or Solana.

Early buyers can exchange established cryptocurrencies like ETH, BNB, and USDC for the new asset at a special new token price. These purchases fund development while acquiring an asset that may appreciate if the project ends up succeeding.

ICOs will usually happen before the project is fully built, so contributors can bet on future points of utility, like access to decentralized storage, discounted trading fees, governance votes, staking rewards, and more. This fundraising model has more or less become the standard since projects like Filecoin and Bancor raised millions in the blink of an eye.

Although regulatory scrutiny has since tightened, especially in the United States, where many tokens risk classification as unregistered securities, ICOs remain popular in jurisdictions that embrace innovation.

The key features of ICOs include increasing the total global reach of the project (since essentially anyone with internet access can participate), rapid settlement via existing smart contract networks, and funding transparency searchable on public blockchains.

That said, with minimal gatekeeping comes the increased risk of scams, overpromised roadmaps, and poorly audited code. Successful ICOs balance bold vision with verifiable progress, detailed tokenomics, and clear legal disclosures.

How Does an ICO Work?

In the simplest sense, an ICO follows a very simple sequence of events. First, the team publishes their white paper, deploys a smart-contract sale contract, and collects crypto in exchange for newly minted tokens.

Behind that quick process rundown, however, is a complex array of moving parts like legal vetting, ongoing marketing campaigns, community discussions and engagement, and large-scale liquidity planning. These are generally the components that will ultimately determine the fate of the project.

White Paper Release

The white paper is the beating heart of any ICO and serves multiple audiences at once: prospective investors, regulators, auditors, and future community members. An ideal document begins with an executive summary that explains the real-world problem and why blockchain is the optimal solution, written in language clear enough for non-technical readers. It then dives into a technical architecture section, laying out consensus mechanisms, data structures, and interoperability layers. Diagrams, sequence charts, and gas-usage benchmarks help developers verify feasibility.

Next comes tokenomics. Here, the dev team must specify total supply, initial circulating supply, vesting cliffs, inflation schedules, and burn mechanics. Transparent formulas show that the team has stress-tested incentives against edge cases like whale dominance or governance gridlock. Projects also outline fund allocation: what percentage of raised capital goes to R&D, marketing, audits, liquidity, or legal reserves, often accompanied by Gantt-style timelines and quarterly milestones.

A credible white paper includes a risk disclosure section, candidly addressing smart-contract exploits, regulatory shifts, and market volatility. Teams bolster trust by publishing code repositories and commissioning third-party security audits, linking hash-verified PDF reports directly in the document. Legal analysis is increasingly standard; reputable projects append memoranda explaining why the token is a utility token under Swiss FINMA or Singapore MAS guidelines, or how U.S. purchasers are geo-fenced to avoid securities violations.

Lastly, leading white papers will lay out a go-to-market strategy that details partnership pipelines, exchange listing plans, and community incentive programs. Clear KPIs like monthly active wallets or TVL targets help investors more easily track execution, post-ICO.

What it really comes down to is that a white paper isn’t just a marketing or publicity asset. A thorough white paper is a technical blueprint, financial prospectus, and legal affidavit rolled into one, providing the transparency necessary for informed participation.

ICOs vs. Traditional Fundraising Methods

Traditional fundraising routes, like angel rounds, venture capital, and IPOs, all require extensive due diligence, board approvals, and often months of negotiation. They also impose geographic and accreditation barriers, restricting access to institutional money and accredited investors.

ICOs flip that script by automating issuance and settlement through smart contracts, enabling projects to raise millions in days from a global contributor base. Fees are lower, and founders retain more equity because they issue tokens rather than shares.

On the flip side, ICO investors receive no ownership stake and limited legal protections, so if the project fails or founders disappear, recourse is minimal. Regulatory certainty is stronger for IPOs, where underwriters and the SEC enforce disclosure standards, while ICOs operate in a patchwork of global jurisdictions, increasing legal risk for both issuers and participants.

Who Can Launch an ICO?

Theoretically, any individual, startup, or DAO with a compelling or interesting enough idea and the technical expertise for execution can launch an ICO. Practically, the team needs smart-contract developers to write the token contract, legal counsel to navigate securities laws, marketing specialists to cultivate the community, and auditors to vet code.

This means paying attention to jurisdiction, since it matters the most for getting a token off the ground with an ICO. Switzerland, Singapore, and the Cayman Islands offer clearer token guidelines, whereas the United States and China impose stricter rules.

An ICO launch also requires a solid treasury capacity for treasury management. There needs to be multisig wallet setup, creation of vesting contracts, and deciding on liquidity strategies for post-sale trading.

Pros and Cons of ICOs

ICOs help to democratize a project’s fundraising by allowing entrepreneurs to tap a global pool of crypto-savvy backers. However, that same openness can end up exposing participants to higher levels of risk. Being clear about expectations on both sides of the fence can help backers decide whether to launch an ICO, and can help investors size their investment and portfolio positions appropriately.

Pros of ICOs

• Global, frictionless capital: Anyone with an internet connection and a crypto wallet can join, expanding the funding base far beyond Silicon Valley or Wall Street.
• Speed to market: Smart-contract sales close in days or weeks, giving teams immediate resources to build without lengthy VC negotiations.
• Early community engagement: Token holders become evangelists, testing products, providing liquidity, and driving network effects from day one.
• Founder equity preservation: Instead of selling company shares, founders issue utility tokens, retaining corporate ownership while still raising substantial capital.
• Programmable incentives: On-chain vesting, staking rewards, and burn mechanics can align long-term user behavior automatically, reducing reliance on legal contracts.

Cons of ICOs

• Regulatory uncertainty: In major markets such as the United States, tokens risk classification as unregistered securities, exposing issuers and buyers to enforcement actions.
• High scam frequency: Minimal gatekeeping attracts fraudulent teams that copy code, spoof audits, and disappear post-raise, leaving investors with worthless tokens.
• Information asymmetry: White papers are not standardized; missing financials and unaudited claims make due diligence difficult for retail participants.
• Extreme volatility: Tokens can list at 10× presale price and crash 90 % within days, driven by thin liquidity and short-term speculation.
• Reputational risk: Failed milestones or hacks quickly erode trust, depressing secondary-market value and hindering future partnerships or regulatory approvals.

Examples of Initial Coin Offerings

1. Ether (2014)

Source: Coincodex

Raised about $18 million in BTC by selling Ether at roughly $0.31. The ICO funded the launch of a programmable smart-contract platform that now underpins most DeFi and NFT activity. Early participants saw exponential returns when ETH later traded above $4,000.

2. Filecoin (2017)

Source: Coincodex

Secured $257 million via SAFT (Simple Agreement for Future Tokens), promising decentralized storage. Despite launch delays, Filecoin shipped mainnet in 2020, and FIL reached a $10 billion market cap peak.

3. Binance Coin (2017)

Source: Coincodex

Binance raised $15 million, using BNB to offer trading-fee discounts and later to pay gas on BNB Smart Chain. BNB became a blue-chip utility token, climbing from $0.11 in the sale to over $600 during the 2021 bull run.

4. Tezos (2017)

Source: Coincodex

Tezos initially collected $232 million, but internal governance disputes delayed the mainnet launch for roughly a year. The result was Tezos DAO ultimately deciding to implement on-chain self-amendment, allowing XTZ to remain an active staking asset. Tezos also acts as an illustration of how larger governance challenges can be solved with transparency and community.

5. EOS (2018)

Source: Coincodex

EOS ran a rolling ICO that raised more than $4 billion. While EOS itself delivered high throughput, long-term adoption failed largely due to criticism over centralized governance and SEC fines.

How to Launch an ICO: Step-by-Step

If you’ve been itching to start a new cryptocurrency project, launching a public or private ICO is going to require a few steps. Let’s take a look at what you’ll need to think about and accomplish in order to launch an ICO.

1. First is the concept validation. You need to start with a clear value proposition, where you can identify a genuine market gap and determine why a token is foundational to your solution. Do a competitor analysis, build out a rough prototype, and get feedback from experts in the space to be sure there’s enough demand for the solution before committing to legal and marketing spend.
2. Now comes the jurisdictional decision and legal structuring. Engage experienced counsel to map regulatory risk. Choose a crypto-friendly headquarters where you can incorporate an entity to handle the token issuance. Draft your legal opinions surrounding token utility, KYC/AML policies, and any investor accreditation requirements.
3. Here’s where you really get into the guts of how things are going to work. For your tokenomics, you need to design supply, distribution, and incentive mechanics that align long-term user growth with your overall treasury sustainability. Write and intensely test ERC-20 or other chain-specific contracts, and use them to integrate time-locked vesting, multisig admin controls, and upgradeability safeguards. Be sure you commission at least one independent audit and publish those findings to cultivate confidence with investors.
4. With all the details mapped out, it’s time to create your white paper and official website. Here’s where you’ll have your roadmaps, team bios, audit links, and legal disclosures all available to the public, and where you’ll declare your official social channels. You should create a content calendar so you can maintain transparent communication.
5. Next comes your private and pre-sale rounds. Here, you’re conducting a sale limited to strategic partners, VCs, angel investors, etc., usually with longer vesting to keep skin in the game. Well-structured pre-sales raise crucial capital for marketing, while also showing the demand potential.
6. Public sale mechanics are going to matter, so think about whether you’ll be selling with fixed-price, Dutch auction, or dynamic cap. Integrate KYC gates if required, set contribution caps to mitigate whale accumulation, and configure smart-contract limits to pause the sale when hard-cap or time limits are met. Provide real-time dashboards for investors to track funds raised during the ICO.
7. Always set aside a portion of funds and tokens for initial DEX liquidity pools or negotiate centralized-exchange listings. Announce listing timelines in advance to prevent misinformation and coordinate with market-making partners to stabilize early trading.

Key Differences Between ICO vs IPO

• Regulation: IPOs undergo a stringent review by bodies like the U.S. Securities and Exchange Commission (SEC), requiring audited financial statements and a detailed prospectus. ICOs survive in a patchwork of global jurisdictions and often rely on legal opinions rather than formal approval, leaving participants with fewer protections.
• Availability: ICOs are generally open worldwide to anyone with internet and crypto funds, while IPO shares are usually offered to accredited or institutional investors during book-building, with retail access only after listing.
• Time & Cost: IPOs can take 6–18 months and millions in underwriting, legal, and road-show expenses. On the other hand, ICOs can fully launch within weeks with lower costs.
• Transparency: ICO teams provide white papers and audits, but rarely face standardized accounting rules, making diligence variable and rather subjective. IPO firms, however, publish extensive audited financials, risk factors, and executive compensation.

FAQs

What is the meaning of ICO?

ICO stands for Initial Coin Offering. Initial coin offerings are crowdfunding campaigns where a blockchain project issues newly minted tokens to raise capital before its product is fully built. Contributors pay in established cryptocurrencies, and in return, they are given governance or utility tokens tied to the project’s future ecosystem.

How Can I invest in an ICO?

First, vet the project’s white paper, audits, and team credentials. Confirm legal eligibility, since many ICOs geo-block U.S. residents. Create a compatible wallet, complete any KYC, and fund it with the accepted currency. On the sale day, connect your wallet to the project’s smart-contract interface or launchpad, specify the contribution amount, and approve the transaction. Always use a fresh browser tab to avoid phishing sites.

Why is ICO not allowed in the US?

The U.S. Securities and Exchange Commission often classifies token sales as unregistered securities offerings under the Howey Test. Issuers would need to register or qualify for an exemption, which is a process that tends to be time-consuming and cost-prohibitive. To limit legal exposure, ICOs will typically exclude US customers and restrict American IPs from accessing the system.

What is an ICO crime?

ICO-related crimes include market manipulation, insider dumping of unlocked tokens, selling tokens that constitute unregistered securities, and fraud. Fraud covers a lot, including raising funds with no intention of building the promised product. Penalties range from investor lawsuits to SEC enforcement actions, criminal wire-fraud charges, asset freezes, and prison sentences for founders.

The post Initial Coin Offering (ICO): What It Is, How It Works, and Examples appeared first on NFT Evening.

With exciting price surges and rapid increases for most of this year, Nexpace’s NXPC has solidified its position as a notable cryptocurrency worth any investor’s attention. Are you looking to understand what Nexpace and the NXPC token are? This guide will explore the MapleStory Universe, Nexpace, and the digital asset.

What is NEXPACE?

Nexpace is a Web3 gaming platform created by Abu Dhabi-based Nexon’s blockchain subsidiary. It aims to expand the MapleStory Universe ecosystem. As part of Nexon, a global pioneering gaming company, Nexpace focuses on integrating blockchain technology with the traditional MMORPG gaming industry, especially MapleStory, the 21-year-old game franchise with over 190 million users globally and at least 50 million monthly active players.

Fueled by $100M from Nexon in Q1 2024, Nexpace aims to take the driver’s seat and propel the next evolution of blockchain gaming. The platform intends to redefine the entire IP gaming ecosystem, including how it is managed, and make it a community-driven affair by empowering players and community contributors using decentralized mechanisms. The Nexpace leadership team is made up of experienced blockchain and gaming experts, including Sunyoung Hwang (CEO), Dominic Jang (CBO), and Keith Kim (Head of Strategy).

Nexpace created an online buzz with its May 15, 2025, listing on Binance. This event has increased the liquidity of NXPC, the platform’s native token. In addition, it opened airdrop opportunities for users via Binance Alpha Points, thereby creating short-term demand for the token. NXPC has also been listed on other exchanges, including KuCoin, Bithumb, and Bybit.

What is MapleStory Universe?

MapleStory Universe is the backbone of the entire Nexpace ecosystem and is designed to propel the MapleStory brand into the Web3 space. The project aims to leverage the blockchain and Web3 gaming ecosystems and combine them with the renowned game IP. Created on the Henesys L1 network and built on the Avalanche Subnet, MapleStory Universe facilitates low gas fees and high transaction speeds of over 500 TPS while remaining compatible with the Ethereum Virtual Machine (EVM).

The key components of the MapleStory ecosystem include:

• MapleStory Universe Web: The official platform that provides access to Synergy Apps, community, and Web3 wallet, allowing users to participate in all the platform’s events.
• MSU Explorer: A dashboard that displays real-time data on network activity, token transactions, and wallet statistics to help them stay updated on ecosystem activities.
• MSU builder: A developers’ toolkit giving access to MapleStory Universe on-chain and off-chain data and supporting app development.
• Synergy apps: A collection of apps developed by community contributors to leverage MapleStory IP and create content, utilities, and new games besides enhancing the player experience.
• MapleStory N: A PC MMORPG that integrates the Nexpace protocol, creating a seamless gaming experience combined with blockchain technology.

MapleStory N             

MapleStory N is the name of a brand-new game from Nexpace created on a gasless blockchain infrastructure, AvaCloud. The game retains some aspects of old 2D games users can recognize, like monster-hunting and side-scrolling, but introduces new features of the on-chain economy that facilitate item ownership and trading via NFTs. The game represents the first big launch of the broader MapleStory Universe, where player-driven trading finds a fresh take on online interaction.

MapleStory N was released on May 15, 2025, and became immediately available for PC with plans for future expansion. According to the development team, there are plans to expand the game in ways that benefit other apps, games, and user-generated content. Among the key differences with the classic 2D game are the blockchain-powered systems such as:

• Gasless Transactions: All transactions are designed to happen without fees, eliminating the usual barrier tied to blockchain games.
• Secure Blockchain Infrastructure: AvaCloud enables real-time, tamper-proof records of in-game item trades and ownership.
• Item Rarity and Distribution: MapleStory N deviates from the traditional MMORPGs by limiting the periodic distribution of new gear instead, where bosses and mobs drop items endlessly, thus enhancing the value of the rare items.

The NXPC Token

NXPC is the native token within the Nexpace space. It is the core utility token of the MapleStory Universe ecosystem, serving the primary functions:

• NFT Item Creation: Creators and users can use the NXPC token to buy rights to create NFTs from the Nexpace Item pool.  
• Synergy App Development: Nexpace developers use NXPC tokens to fund the development of games, applications, and any other utilities found within the MapleStory IP.  
• Governance Issues: Users holding NXPC tokens can participate in governance issues, such as voting, to adjust operational parameters within the Nexpace protocol.
• Rewards and Payments: NXPC is used as currency to reward community contributors like app developers and content creators.

NXPC Supply and Tokenomics

• Circulating supply: 169,040,000 NXPC
• Total supply: 1,000,000,000 NXPC
• Max supply: 1,000,000,000 NXPC
• Market cap: $521.22M
• Fully diluted market cap: $3.08B   

Token Allocation 

The NXPC allocation model is designed to model Bitcoin’s halving model with a total supply capped at 1 billion tokens. The designers allocated the most significant portion, 80%, to Contributor Rewards as Early Participation Incentives and IP Licensing received 16.317% and 2%, respectively. The remaining portion went to the Development Team, Market Liquidity Provision, Advisory Allocation, and Gas Fee Sponsorship, as shown below:  

• Contributor Rewards: 80% (800,000,000 NXPC)
• Early Participation Incentives: 16.317% (163,170,000 NXPC)
• IP Licensing (IP MG): 2% (20,000,000 NXPC)
• Development Team: 0.696% (6,960,000 NXPC)
• Liquidity Provision: 0.437% (4,370,000 NXPC)
• Advisor: 0.4% (4,000,000 NXPC)
• Gas Sponsorship: 0.15% (1,500,000 NXPC)

According to the development team, the allocation method was designed to incentivize the role of community contributors and early adopters and support the growth of the MapleStory Universe ecosystem. The team also integrated the “NXPC Fission” and “Item Fusion” mechanisms to help manage the circulating supply of NFTs based on ecosystem demand.

Source: NXPC Whitepaper

NXPC Listing on Binance

The NXPC token was listed on Binance, the world’s leading cryptocurrency exchange in trade volume, at 07:30 (UTC) on May 15, 2025. According to the official statement, the exchange would also distribute NXPC tokens to eligible users via its HODLer Airdrops program. The Binance HODLer Airdrops is a special tool the exchange uses to reward users for HODLing BNB in specific Binance products like Simple Earn or On-Chain Yields by offering them free tokens.

Upon listing, the NXPC token circulating supply will be 169,040,000 tokens, representing 16.9% of the entire token supply. Investors can trade NXPC against numerous crypto assets, including Tether (USDT), USDC (USDC), BNB (BNB), First Digital USD (FDUSD), and Turkish Lira (TRY).

Binance revealed that NXPC would stop being showcased on Binance Alpha once the spot trading begins, adding that NXPC has also secured a futures listing on the exchange. As a result, Binance Futures will also launch the NXPC/USDT Perpetual Contract on May 15, which will offer up to 50x leverage, enabling users to trade with borrowed funds.

For more information, check out the full NXPC on HODLer Airdrops Details. 

How to Buy NXPC Token

Once you’ve learned what Nexpace is, your next obvious step would be to consider buying some NXPC tokens. Depending on your location or preference, you could choose between centralized exchanges (CEXs), decentralized exchanges (DEXs), and peer-to-peer (P2P) platforms. While there are different methods to buy using your crypto wallet, traditional payment methods, or P2P trading, we show you the most straightforward way to buy NXPC below.

Here’s a comprehensive step-by-step guide to buying NXPC:

• Step 1: Create an Account: Select a user-friendly cryptocurrency exchange offering robust security. Then, create an account by visiting the website and registering with your email address. You will be required to complete KYC verification.
• Step 2: Deposit Funds: Fund your account with crypto from an external wallet.
• Step 3: Find NXPC Trading Pair: Once your account has been funded, navigate to the website’s trading section and look for the appropriate NXPC pair based on the cryptocurrency you’re holding in your wallet.
• Step 3: Place Your Order: You can choose between placing a market order, which means buying immediately at the current market price, and placing a limit order, which means setting a desired price and waiting until the token reaches that price.  
• Step 4: Manage Your NXPC: Once you confirm your transaction details are correct, click “Buy,” your NXPC tokens will be available in your selected exchange wallet. You can choose to leave them on the exchange if you plan to trade or withdraw them to an external wallet for security.

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The Future of NEXPACE  

Nexpace, MapleStory Universe, and the NXPC token are a groundbreaking blend of an established gaming legacy transiting into the best of blockchain and Web3 innovation. The project effectively addresses two core challenges in the blockchain gaming space: preserving the long-term value of in-game assets and extending their utility across broader digital ecosystems.

Through NFT interoperability, NXPC’s innovative mechanism ensures MapleStory N items to maintain their significant value while functioning beyond the constraints of the traditional gaming environment. Owning NXPC comes with distinct benefits, including its integration with the established MapleStory Universe IP, backed by a 250 million-strong player base, and sophisticated tokenomics, which include community contribution rewards.

As blockchain and Web3 continue reshaping the gaming industry and the concept of digital ownership, NXPC has positioned itself by taking the front seat of the emerging transformation. NXPC marks the next evolution in blockchain gaming, going beyond the role of a typical gaming token. It offers an opportunity for investors and blockchain enthusiasts to be part of the potential future of how gaming IPs integrate Web3 technology.

The post What Is NEXPACE (NXPC)? Transforming Web3 Gaming with MapleStory appeared first on NFT Evening.

This guide will explain what the CoinEx referral code is, what the benefits of using this invite code are, and how to use the CoinEx invitation code to get new user sign-up bonuses.

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

Copy

Claim Reward Now!

What is CoinEx Referral Code?

A CoinEx referral code is a unique promo code or invite code provided to existing users to invite new traders to the platform. You can use a referral code during signup, and new users will unlock bonuses, such as trading fee discounts or cash rewards. Referrers earn a commission, typically a percentage of the trading fees generated by their referrals. This system benefits both parties while expanding the CoinEx community.

The best CoinEx referral code is “bq5ea,” which offers new users a $100 welcome bonus and a 20% discount on trading fees.

CoinEx Sign-Up Bonus and Rewards

CoinEx offers various sign-up bonuses and rewards. New traders can easily get a $100 bonus and a 20% trading fee discount without needing KYC. You can also invite friends, and referrers can earn up to 40% of their referees’ trading fees as a commission.

The platform also runs deposit bonuses, such as depositing NACHO for up to 20% cashback or PINGO to share a 27,000 PINGO pool. These promotions make trading more affordable and boost user engagement. The best referral code to use is bq5ea, which delivers a $100 bonus and a 20% fee reduction. Sign up with the “bq5ea” invite code on CoinEx to access these perks instantly and start trading over 1,200 coins.

How to Use CoinEx Referral Code?

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

Copy

Claim Reward Now!

Step 1: Create a CoinEx Account and Complete KYC

Visit the CoinEx website. Click the “Sign Up” button in the top right corner of the homepage. Fill in your email address and create a strong password. Now, you need to enter our CoinEx promo code “bq5ea”. The process is simple, and you can unlock a $100 bonus, a 20% trading fee discount, and deposit bonuses like 20% cashback.

Agree to the terms of service, complete the captcha verification, and submit the form. Check your email for a 6-digit verification code from CoinEx, then enter it to activate your account. 

Next, enable two-factor authentication (2FA) for security by navigating to the “Account” section and selecting “Security Settings.” No KYC is required for basic trading or claiming the referral bonus, so you can skip identity verification unless you need higher withdrawal limits. If KYC is needed later, go to the “Account” section, select “KYC Verification,” and upload a government-issued ID and proof of address. 

Step 2: Deposit and Start Trading

Go to the “Assets” section in the top menu and click “Deposit.” Choose a cryptocurrency like Bitcoin, Ethereum, or others supported by CoinEx. Copy the unique wallet address for your chosen crypto and transfer funds from an external wallet. 

Alternatively, use fiat deposit options like bank transfers or cards if available in your region. Ensure you deposit enough to meet bonus requirements, such as $50 worth of crypto for some promotions.

Once the deposit is confirmed, select “Spot Trading”. Pick a trading pair, like BTC/USDT, and place a market or limit order. Start with small trades to familiarize yourself with the platform’s high-speed matching engine. Trading activity is key to unlocking referral bonuses, so complete at least one trade to qualify.

Step 3: Claim Your CoinEx New User Bonus

After trading, check for your $100 new user bonus and 20% fee discount. Navigate to the “Newcomer Zone” tab in your account dashboard. Complete tasks listed there, such as depositing and trading specific amounts, to unlock cashback vouchers. Rewards are credited within 7 days, either as crypto to your wallet or vouchers in your account.

CoinEx Referral Program

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

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Claim Reward Now!

The CoinEx referral program offers you a way to earn commissions by inviting new traders to the platform. You need to generate a unique referral link or code in the “Referral” section of your account dashboard. When friends sign up using this link or enter the code, the referrer earns up to 40% of their referees’ trading fees, paid daily.

About CoinEx Exchange

​CoinEx is a global cryptocurrency exchange established in 2017. It is part of the ViaBTC Group and serves over 10 million users in more than 200 countries and regions. The platform supports 18 languages and offers a wide range of trading services.

CoinEx provides various trading options, including spot trading, futures trading with up to 100x leverage, margin trading, and automated market maker (AMM) services. It supports over 1,200 cryptocurrencies, such as BTC, ETH, DOGE, and XRP. The platform also offers strategic trading tools like copy trading and auto-invest plans, allowing you to replicate experienced traders’ strategies or invest fixed amounts regularly. It is also a no-KYC exchange, and you can trade without ID with full privacy. 

The exchange employs cold storage systems, multi-signature protocols, real-time monitoring, and strict whitelisting to protect your assets. It maintains a 100% reserve ratio, verified through the Merkle Tree audit method. The CoinEx platform features a user-friendly interface with real-time market data, including top gainers and losers, trading volumes, and price changes. The “Markets Overview” page provides comprehensive market insights to help you make informed decisions. Customer support is available 24/7 through email, tickets, and a help center.

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

Copy

Claim Reward Now!

Conclusion

In a nutshell, CoinEx’s referral program is designed to make trading more rewarding for you and your friends. When you use the CoinEx invite code “bq5ea”, you will receive a $100 signup bonus and a 20% discount on trading fees. You will also be eligible for deposit bonuses, such as 20% cashback on NACHO or a share of 27,000 PINGO tokens, which can improve your trading experience.

By sharing your own CoinEx invitation code, you can earn up to 40% of your friends’ trading fees, and the rewards will be credited to your account daily.

FAQs

What is the bonus code for CoinEx?

The CoinEx bonus code is a unique identifier like “bq5ea” that new users enter during signup to unlock rewards. This code provides a $100 signup bonus and a 20% trading fee discount. To use the code, register on CoinEx, enter bq5ea in the referral section, and complete tasks like depositing and trading to claim rewards credited within a week.

How do we get a CoinEx referral code?

To get a CoinEx referral code, log in to your account and navigate to the “Referral” section in the account dashboard. CoinEx automatically generates a unique referral link and code for each user. Copy this code or link to share with friends. If you’re a new user, you can use an existing code like “bq5ea” during signup.

How do I get a crypto referral bonus?

To get a crypto referral bonus on CoinEx, invite friends using your unique referral code or link. When they sign up with your code and trade, you will earn up to 40% of their trading fees paid daily. New users will also claim a $100 bonus and a 20% fee discount by entering your code during registration and completing tasks like depositing and trading.

The post CoinEX Referral Code 2025: bq5ea ($100 New User Bonus) appeared first on NFT Evening.

Join the 17th Exclusive TGE on #Binance Wallet with @Alaya_AI (AGT) via @PancakeSwap!

Subscription: May 16, 2025, from 7AM to 9AM (UTC)
Starting from this TGE, eligible users need to use Alpha Points to participate
Additional 200,000,000 AGT for upcoming campaigns —… pic.twitter.com/bGBLWrETi9

— Binance Wallet (@BinanceWallet) May 15, 2025

Event Details

• Token Name: Alaya AI (AGT)
• Subscription Window: May 16, 2025, from 7 AM to 9 AM (UTC)
• Tokens Offered: to be announced later
• An additional 200,000,000 AGT for upcoming campaigns
• Individual Allocation Limit: Maximum 3 BNB per Binance Wallet participant
• Eligible users need to use Alpha Points to participate

What is Alaya AI?

Alaya AI (AGT) is a decentralized platform that integrates artificial intelligence with blockchain technology to revolutionize data management for AI development. It combines swarm intelligence, Web3 principles, and gamification to collect, label, and manage high-quality, privacy-focused data. 

Users contribute data through engaging tasks, earning $AGT tokens, which serve as governance and reward mechanisms within the ecosystem. Alaya AI addresses data scarcity and labor shortages by fostering a collaborative, community-driven model, ensuring secure, transparent, and scalable data solutions for AI developers and businesses.

Follow Alaya AI for more information:

Website | X

How to Participate in the AGT TGE Event

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To be eligible, users must have sufficient Alpha Points. You can check your eligibility for participation in the TGE event page on PancakeSwap.

Read more: How to participate IDO on Binance Wallet

Additionally, users should take note of the following:

• Create Binance Account and use the latest version of Binance app.
• Access Binance Wallet, select the event banner, and follow the instructions before 7 AM on May 16, 2025 (UTC).

• If you don’t have BNB, you can swap USDT or other coins for BNB within the app or deposit directly from your Binance Spot account.
• Commit your BNB as soon as the event starts.
• Token allocation will be based on the proportion of your committed amount relative to the total BNB contributed.
• Users can claim their AGT tokens and any unused balance after the event concludes.

The post Binance Wallet to Host Alaya AI (AGT) TGE on PancakeSwap appeared first on NFT Evening.

Join the 16th Exclusive TGE on #Binance Wallet with @Privasea_ai (PRAI) via @PancakeSwap!

Subscription: May 14, 2025, from 10AM to 12PM (UTC)
Starting from this TGE, eligible users need to use Alpha Points to participate
Additional 40,000,000 PRAI for upcoming… pic.twitter.com/Pt9NTe7DmS

— Binance Wallet (@BinanceWallet) May 13, 2025

Event Details

• Token Name: Privasea AI (PRAI)
• Subscription Window: May 14, 2025, from 10 AM to 12 PM (UTC)
• Tokens Offered: 20,000,000 PRAI (representing 2% of total supply)
• An additional 40,000,000 PRAI for upcoming campaigns
• Individual Allocation Limit: Maximum 3 BNB per Binance Wallet participant
• Participation now requires Alpha Points for eligibility

PRAI tokenomics

Source: X

• 30% – Mining 1
• 8% – Team
• 5% – Mining 2
• 12.97% – Marketing and Community 1
• 2% – Marketing and Community 2
• 10.05% – Reserve
• 13.45% – Investors
• 0.5% – Strategic
• 9.04% – Early contributors
• 4% – Liquidity
• 2% – Binance IDO Wallet
• 3% – Future Airdrop

What is Privasea AI?

Privasea AI is developing the DeepSea AI Network, a decentralized platform that prioritizes data privacy through technologies like Fully Homomorphic Encryption (FHE). 

The PRAI token is central to this ecosystem, enabling a variety of use cases: it powers AI-driven services on the DeepSea Network, acts as gas fees for transactions on the Privasea network, supports Proof-of-Humanity (PoH) verification, facilitates the activation and customization of AI agents, and enables staking for network security. In the future, PRAI will also be used for network governance, allowing token holders to participate in decision-making processes.

Follow Privasea AI for more information:

Website | X

How to Participate in the PRAI TGE Event

To be eligible, users must have sufficient Alpha Points. You can check your eligibility for participation in the TGE event page on PancakeSwap.

Read more: How to participate IDO on Binance Wallet

Additionally, users should take note of the following:

• Create Binance Account. Update the Binance app to the latest version.
• Access Binance Wallet, select the event banner, and follow the instructions before 10 AM on May 14, 2025 (UTC).

• If you don’t have BNB, you can swap USDT or other coins for BNB in Binance Wallet or deposit directly from your Binance Spot account.
• Commit your BNB as soon as the event starts.
• Token allocation will be based on the proportion of your committed amount relative to the total BNB contributed.
• Users can claim their PRAI tokens and any unused balance after the event concludes.

The post Binance Wallet to Host Privasea AI (PRAI) TGE on PancakeSwap appeared first on NFT Evening.

We’re going to dig into exactly what a halving event is, when Bitcoin halving occurred in the past, and even when the next upcoming Bitcoin halving may happen. Along the way, we’ll look at how halving events impact the Bitcoin market price and behavior, and how that all helps shape ongoing trends. Buckle up, there’s a lot to cover.

What Is Bitcoin Halving?

Bitcoin halving is a function hardcoded into the Bitcoin network that occurs every 210,000 blocks, or roughly every four years. The difficulty mechanism is created to scale difficulty in response to hash rate, with the goal being a steady time between blocks mined. This leads to a controlled, deflationary supply, capped at 21 million Bitcoins.

Source: Coinwarz.com

Halving events are central to the design and ethos of Bitcoin, and they help to create scarcity. As Bitcoin becomes more popular and widely adopted and hash rates go up, block rewards go down, fewer Bitcoins are produced, and scarcity is created in the crypto market.

The role of miners in the Bitcoin network

Miners are the backbone and beating heart of the Bitcoin network. Not only do they work to validate transactions, earn transaction fees, and keep the network secure, but they also actively crunch the numbers needed to solve the equations that create the blocks during the mining process.

If a single miner finds the block, they get the full reward of new coins deposited into their wallet, however, most mining operations are pools that split the reward based on the last N shares of the solution that the various miners returned.

When rewards are reduced, it can lead to fewer miners, but it can also spark innovation in mining technology in the long run.

The significance of block rewards in the Bitcoin ecosystem

Block rewards are the main incentive for devoting computing power to mining. The algorithm used by Bitcoin to secure the network takes immense computational power, particularly with the constant upward trend of hash rate and the wider adoption of Bitcoin.

Source: Blockchain.com

Is Bitcoin Halving Good?

Inflation

Bitcoin halving plays a key role in controlling inflation within the Bitcoin ecosystem. By reducing the issuance of new bitcoins, halving limits supply expansion and helps preserve value over time. This built-in scarcity mechanism mimics the effects of a deflationary currency, which can bolster investor confidence.

Demand

As the new Bitcoin supply shrinks after a halving event, demand can rise significantly, driving prices higher. Increased scarcity, combined with growing global adoption and institutional interest, tends to create a positive feedback loop. Market participants often anticipate higher future values, which further amplifies demand.

Investing

From an investment perspective, Bitcoin halving is seen as a bullish signal. Historical data shows that halving events have preceded significant price rallies. Investors view the reduced supply as a catalyst for long-term appreciation, prompting many to buy and hold.

That said, short-term volatility is still quite common, with the price of Bitcoin moving several thousand dollars in either direction during the average day.

Mining

Miners face both opportunities and challenges during halving events. While reduced rewards can squeeze profit margins, improvements in mining efficiency and technological advancements can offset these effects.

Halving pressures miners to innovate, reduce costs, and upgrade equipment. In the long run, a tighter supply of new bitcoins can lead to a more competitive, resilient mining ecosystem that drives overall network security.

Consumers

Consumers reap perhaps the biggest benefits from Bitcoin halving through increased stability in the cycle following the event. Even though volatility spikes after a halving, it tends to be short-lived.

Previous Bitcoin Halving Events

First halving: November 28, 2012

• Block height: 210,000
• Block reward reduction: 50 BTC to 25 BTC
• Market reaction: Sparked growing interest, setting the stage for Bitcoin’s mainstream visibility

Second halving: July 9, 2016

• Block height: 420,000
• Block reward reduction: 25 BTC to 12.5 BTC
• Market reaction: Price appreciated steadily over the subsequent months, reinforcing the bullish narrative

Third halving: May 11, 2020

• Block height: 630,000
• Block reward reduction: 12.5 BTC to 6.25 BTC
• Market reaction: Occurred against a backdrop of global economic uncertainty, but Bitcoin’s price rose significantly in the following year.

Fourth halving: April 20, 2024

• Block height: 840,000
• Block reward reduction: 6.25 BTC to 3.125 BTC
• Market reaction: Sparked renewed discussions about Bitcoin’s scarcity and future price potential

When Is the Next Bitcoin Halving?

Fifth halving and beyond

• Projected date: March 28, 2028
• Block height: 1,050,000
• Block reward reduction: 3.125 BTC to 1.5625 BTC
• Expected outcomes: Continued deflationary pressure on Bitcoin’s supply, potential upward price trends if demand holds
• Longer-term perspective: Each subsequent halving pushes Bitcoin closer to its maximum supply of 21 million coins, fueling debates on mining viability and network security

In total, there will be 33 halving events in the Bitcoin network’s lifecycle. The 33rd halving event will technically not be a “halving” event in the truest sense since the 32nd reduced the block reward to a single satoshi. Since a satoshi is the smallest possible unit of Bitcoin, the Bitcoin mining reward will become zero.

Impact of the Bitcoin Halving On the Cryptocurrency Ecosystem

Halving events influence much more than Bitcoin’s supply schedule. They can shift market psychology, reshape mining profitability, and even spark new waves of retail and institutional interest.

Price trends around historical halving events

Historically, Bitcoin halving dates have always preceded extended bullish cycles. Though sudden surges in the price of Bitcoin are not uncommon, they have become less frequent with Bitcoin’s price approaching $100k again.

Supply and demand dynamics

With each halving, the flow of newly minted bitcoins is reduced, reinforcing the deflationary nature of Bitcoin. If demand remains steady or rises, the restricted supply can lead to higher valuations. This phenomenon helps Bitcoin stand out from fiat currencies, which often face inflationary pressures and lose significant value over time.

Effects on Bitcoin miners and profitability

Miners rely on block rewards for revenue, so halving cuts can strain operations. To remain profitable, they may upgrade hardware or consolidate mining pools. This highly competitive environment fosters greater efficiency and has prompted a massive push toward cheaper, greener energy sources.

Conclusion

Bitcoin halvings are integral to the core design of the network and the deflationary nature of the coin itself. While the immediate price impact can vary wildly, all previous halvings led to subsequent bullish cycles. Miners will continue to adapt by creating new mining equipment that increases their efficiency, and investors will continue to debate whether or not it’s time to enter or exit the market.

One thing is for sure, though. With the fourth halving now behind us and the fifth on the horizon, each one refines Bitcoin’s evolving role as the leading digital store of value.

FAQs

What happens when Bitcoin is halving?

The block reward is cut in half, making it less profitable for miners and reducing the rate at which new Bitcoins enter the market.

Should I buy Bitcoin before or after halving?

While this isn’t investment advice, historical data demonstrates significant price hikes after halving events, so if that holds true, buying before the next Bitcoin halving would be smart.

Is Bitcoin halving good for the price?

In the past, halving events have all preceded substantial bull runs, though they also ramp up volatility.

Will Bitcoin go up or down after halving?

Nothing is guaranteed, though most people agree that, given historical precedent, the price of Bitcoin will rise after a halving event.

The post Bitcoin Halving: What It Is and Why It’s Important for Investors? appeared first on NFT Evening.

The “Evening Trader Group” is a trading group product generated by the NFTevening team. It represents an emerging community focused on the dissemination of complimentary cryptocurrency trading signals.

This channel distinguishes itself by asserting a historical win rate exceeding 92%. Beyond the provision of trade recommendations, the group purports to assist its members in developing informed trading strategies through the application of both technical and fundamental analysis principles.

This platform warrants consideration as a potentially valuable resource for individuals seeking to engage in cryptocurrency trading with supplementary analytical support.

Why join Evening Trader Channel?

By joining the free crypto signals in the Evening Trader Channel, users can unlock multiple opportunities for trading strategies, even in upward or downward markets, with up-to-date signals that may help you change your investment positions.

• Completely free: Join the Evening Trader Channel at no cost and enjoy dedicated support from our passionate team.
• Expert trading signals: Access high-quality trading signals with a 92%+ win rate, crafted to guide informed decisions and boost profits.
• Exclusive exchange discounts: Use Evening Trader’s referral links to unlock a 20% discount on trading fees across leading CEXs. Plus, don’t miss monthly user-based rebate programs!
• High-quality insights: Stay ahead with actionable market analysis and insights, empowering confident investment decisions.
• Focused on spots & futures: Tailored strategies for both spot and futures trading help you easily navigate the crypto market, delivering clear signals for smarter investments.
• Friendly customer support: Users are everything, and Evening Trader’s dedicated team is always ready to assist and ensure you achieve the best trading outcomes.

Learn more: What Is Spot Trading in Crypto and How Does It Work?

Get started

Join the Evening Trader Channel on Telegram here.

Follow the referral links in the channel to sign up on supported CEX platforms and enjoy a 20% trading fee discount.

Start receiving high-quality trading signals and market updates to guide your investment decisions.

Don’t miss out on this opportunity to trade smarter and save more. Join the Evening Trader Channel today and take the first step toward mastering the crypto markets!

The post Trading with Free Crypto Signals in Evening Trader Channel appeared first on NFT Evening.

That’s where referral codes come in. They give you a head start with bonuses, discounts, or other perks. In this guide, we will discuss the LBank referral code, its benefits, how to use it, and claim your sign-up bonuses.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

Copy

Claim Reward Now!

What is the LBank Referral Code?

LBank referral code is a special promotional code you can use when signing up on the LBank crypto exchange. It gives you rewards like trading fee discounts and welcome bonuses. You can enter it during registration to get extra benefits.

The best LBank referral code is “4UIUJ“. You will get a 6,000 USDT newcomer bonus and a 20% trading fee rebate.

LBank Bonus and Rewards

When you sign up on LBank and use the referral code 4UIUJ, you can unlock a newcomer bonus of up to 6,000 USDT. You need to complete certain tasks to earn these rewards.

Newcomer Tasks

You need to make your first spot trade with a minimum volume of 100 USDT and first deposit of at least 10 USDT into your LBank account. Another task is to complete your first futures trade with a trading volume of 1,000 USDT or more. You also need to transfer at least 10 USDT into your futures account. 

Additionally, you can complete your first copy trade with a minimum trading volume of 100 USDT. To qualify for all bonuses, you must maintain a futures wallet balance of at least 10 USDT. By completing these simple activities, you can start earning bonuses as a new LBank user.

Spot Trading Rewards (Up to 1,000 USDT)

You can earn a futures bonus if you meet the required spot trading volume after registration. You must trade a total spot volume of at least 100 USDT and keep a minimum balance of 10 USDT in your futures account. 

You have 14 days after signing up to finish these requirements. After completing them, you can claim a futures bonus, which can go up to 1,000 USDT depending on your trading activity.

Futures Lucky Draw (Up to 3,000 USDT)

You also have the chance to win prizes through the LBank Futures Lucky Draw. If you reach a total futures trading volume of 10,000 USDT and maintain at least 10 USDT in your futures account, you can earn lucky draw chances. Each draw gives you a chance to win different prizes like futures bonuses ranging from 2 USDT up to 500 USDT.

Futures Peak Duel

LBank also offers a Futures Peak Duel challenge where you can earn even bigger rewards. If you reach a total futures trading volume of 1,000,000 USDT and keep a futures account balance of at least 400 USDT, you can claim a futures bonus. The rewards for this event can reach up to 2,000 USDT.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

Copy

Claim Reward Now!

How to Use LBank Referral Code?

Step 1: Create an LBank Account

First, you need to visit the official LBank website or download the LBank app. Click on the “Start” button to open the registration page. Here, you will be asked to enter your email address or mobile number and create a password. 

During this registration step, you will see a box to enter a referral code. Make sure you type 4UIUJ in the referral code box. This will activate your special bonus offers. After filling in all the details, click to register and then verify your email or phone number. Your LBank account will be ready to use once the verification is complete.

Step 2: Deposit Funds and Start Trading

Once you have created an account, you must fund it. Go to “Wallet” and then “Deposit”. Select the cryptocurrency you wish to deposit and copy your wallet address. Send crypto from a different wallet or exchange using this address.

As soon as your deposit reaches your wallet, you are ready to begin trading. Enter the spot or futures trading areas and place your initial trade. Ensure your spot trade amount is not less than 100 USDT and your futures trade amount is not less than 1,000 USDT to earn bonuses. You can even try copy trading if you desire to copy experienced traders.

Step 3: Claim Your LBank Referral Bonus

Once you complete the trading and deposit tasks, you can claim your referral bonuses. Go to your “Bonus Center” section. Here, you will find a list of activities and their current status. If you have finished a task, the bonus will be available to claim. 

You will receive futures bonuses, deposit bonuses, trading vouchers, or other rewards directly into your account. Remember, you must finish the required tasks within the time limit after your registration to get all your bonuses.

LBank Referral and Affiliate Program

LBank has a Referral and Affiliate Program that enables you to earn commissions by inviting other traders to join the platform. Here, you can earn a commission of up to 30% of the trading fees of users who register and trade using your referral link or code.

This applies to both spot and futures trading, and the commissions are determined by the referral’s transaction fees paid and are paid out daily. Additionally, you can earn more by referring sub-partners; if they sign up for the Affiliate Program via your link and earn commissions, you get a share of their earnings as well.

About LBank Exchange

LBank is the best crypto exchange with offices in Indonesia, Lithuania, Canada, Singapore, and the UAE. It is operated by LBK Blockchain Co., Limited, and it serves over 15 million registered users across more than 210 countries. It offers a robust platform for trading major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside over 800 trading pairs, including altcoins, meme coins, and DeFi tokens. 

LBank offers spot trading, crypto futures contracts with up to 200x leverage, and copy trading. You can also participate in peer-to-peer (P2P) transactions for direct crypto purchases using over 150 fiat currencies and more than 20 payment methods, including Visa, Mastercard, Google Pay, and bank transfers. 

Staking is another feature, offering flexible and locked options with competitive Annual Percentage Yields (APY) for passive income. LBank has the same competitive fee structure of 0.1% maker/taker and has high security measures with 2FA, cold storage, and PoR data.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

Copy

Claim Reward Now!

Conclusion

In a nutshell, LBank offers you a great opportunity to start your crypto journey with extra crypto sign-up rewards. By using our LBank referral code 4UIUJ, you can unlock welcome bonuses, trading fee discounts, and other benefits without any extra steps. You just need to sign up with our referral code, and this gives you access to up to 6,000 USDT in rewards. For more sign-up bonuses, check out our guide on the Binance referral code. 

FAQs

How do I get my LBank referral code?

To get your own LBank referral code, log in to your LBank account and go to the “Referrals” section in your account dashboard. There, you will find your unique referral code and link. You can share this code or link with others to invite them to LBank.

How to find the current LBank referral code?

The best current LBank referral code is 4UIUJ. You can use this code when signing up on LBank to receive various bonuses and benefits. During the registration process, there will be a field labeled “Referral Code” or “Invitation Code.” Enter 4UIUJ in this field to activate the associated rewards. These rewards may include trading fee discounts and welcome bonuses.

What is the LBank invitation code?

An LBank invitation code is a coupon code or referral code provided by existing users to invite new users to the platform. When a new user registers using an invitation code, both the inviter and the invitee can receive rewards. These rewards often include trading fee discounts, bonuses, or other promotional benefits.

What types of LBank referral code bonuses are available?

LBank offers four main types of referral code bonuses. These are the Newcomer Bonus, Spot Trading Rewards, Futures Lucky Draw, and Futures Peak Duel. All these referral bonuses together can give you rewards worth up to 6,000 USDT.

Can I use the LBank referral code without verification?

Yes, you can use the LBank referral code without completing identity verification (KYC). LBank allows users to register and trade with a daily withdrawal limit of up to 1 BTC without KYC. However, to access higher withdrawal limits and certain fiat trading features, completing KYC verification is necessary.

The post LBank Referral Code 2025: 4UIUJ ($6,000 Sign-Up Bonus) appeared first on NFT Evening.

While both serve a similar purpose, they have significant differences in backing, regulatory compliance, and overall market metrics that can all substantially impact your personal investing or trading strategy. In this post, we’ll be getting into the nitty-gritty of USDT and USDC so that you can get a clearer picture of which one suits your portfolio best.

What is a Fiat-Backed Stablecoin?

Fiat-backed stablecoins are crypto assets that represent the same value as traditional fiat currencies, in this case, the world-favorite US dollar. Each token theoretically holds the same value as one US dollar held in reserve assets by the issuer.

Stablecoins are designed to maintain price stability, unlike many conventional digital assets like Bitcoin and Ethereum, which are plagued with high volatility. For many investors, such features can make them a reliable ‘safe haven’ for investors who don’t want to park extra cash in more volatile crypto assets. Their stable value also makes them perfect for everyday transactions, cross-border payments, or just parking funds digitally.

Major stablecoins like USDT and USDC rely on conventional, regulated financial institutions or third-party custodians to store the collateral backing the asset. This collateral can include cash or other fiat currency, short-term treasury bills, or various other assets.

By making sure that each token minted has corresponding reserves, the stablecoin market stays tightly pegged to the US dollar. This strategy is known as the ‘tokenized dollar’ approach, and it adds convenience in the trading, holding, or transferring of stablecoins across various blockchain networks without encumbering users in the conventional friction of banking services.

What is USDC (USD Coin)?

Source: USDC.com

USD Coin is a stablecoin created by the Centre Consortium, which is a collaboration between crypto giant Coinbase and Circle. USDC is designed to stay locked at 1:1 with the US dollar, and each token is backed by cash and short-term Treasury instruments.

Each month, Circle issues third-party assurances that outline its reserves and reinforce its fully transparent collateralization. USDC is comparatively new but gained critical traction quickly, thanks in no small part to powerful partnerships, widespread adoption across multiple blockchains, including Solana, Ethereum, and Avalanche, and a foundational role in DeFi.

USDC volume and market cap

Data from CoinMarketCap shows that USDC’s market cap stands at around $60.10 billion, ranking it among the largest stablecoins. Its daily trading volume hovers near $11.25 billion, reflecting robust demand from traders and institutions across centralized and decentralized exchanges.

USDC stability

USDC aims to reduce de-pegging risks by publishing frequent attestations through respected accounting firms. The partnership with well-known financial institutions also bolsters investor confidence. While market volatility can temporarily influence USDC’s price, it typically remains close to one dollar, thanks in large part to transparent reserve management.

What is USDT (Tether)?

Source: Tether.to

USDT is the most widely used stablecoin and leads all other fiat-pegged assets in the crypto space. It was created in 2014 and was one of the first tokens to popularize the concept of a digital asset pegged to the US dollar. Each token is algorithmically locked to one dollar in liquid reserve assets, though the reserve structure and disclosures have faced scrutiny over the years.

USDT volume and market cap

USDT’s market capitalization is approximately $143.99 billion, making it the largest stablecoin by a considerable margin. Its 24-hour trading volume frequently surpasses $60 billion, reflecting high liquidity that is crucial for traders and institutions looking to move in and out of volatile crypto positions. Due to this massive volume, USDT is the most popular quote currency on numerous exchanges, particularly for popular trading pairs like BTC/USDT and ETH/USDT.

USDT stability

Tether’s resilience in maintaining its dollar peg for nearly a decade is notable, but it has faced persistent questions over the exact composition and transparency of its reserves. The company has committed to improved reporting, but critics and detractors still push for greater insight into collateral assets.

USDC vs USDT: Key Differences

Launch Date

USDT debuted in 2014 as the first stablecoin pegged to the US dollar, giving it a longer track record and a gracious head start in building global liquidity. USDC just appeared in 2018 through a collaboration between Circle and Coinbase to create a regulated pedigree in the stablecoin crypto ecosystem.

Winner: USDT for greater longevity.

Market Cap

With a market capitalization of more than $60B, USDC’s market cap is substantial and is demonstrative of rapid, consistent growth, particularly in the DeFi space. However, the massive $144B USDT market capitalization dwarfs any close stablecoin issuers.

Winner: USDT for sheer size.

Trading Pairs

USDT is often the default stablecoin option for Bitcoin and Ether trading, making it the base currency for countless traders around the world. USDC is widely listed on major exchanges and DeFi platforms but remains second to Tether in terms of the number of global trading pairs.

Winner: USDT for broader global reach.

Reserve Assets

USDC explicitly collateralized its tokens with cash and short-term US Treasury instruments, while it also publishes monthly atterstations confirming all reserves. In contrast, USDT also claims full collateral, but details on its holdings can be less transparent, occasionally stirring debate.

Winner: USDC for clearer reporting and regular third-party checks.

Regulatory Compliance

When it comes to regulatory compliance, both stablecoins come from well-regulated financial institutions, but USDC presents itself as a more rigorously regulated offering, leaning on Circle’s and Coinbase’s corporate compliance efforts. Even though USDT persists as the market leader, it has done so through more than one controversy related to reserve disclosures.

Winner: USDC for consistent adherence to regulatory norms.

Safety and Transparency

USDC produces regular attestations and publicly shares how reserves are held, instilling confidence among institutions and retail users. USDT, while functionally stable, offers fewer details about its backing, prompting calls for more thorough audits. Only time will tell if the USDT consensus moves toward more transparent and open operation.

Winner: USDC for comprehensive external verifications.

Price

Both stablecoins maintain a tight peg to one US dollar. Market turbulence occasionally nudges each a fraction of a cent off its mark, yet both quickly revert. This is due to the algorithmic valuation of each, with tokens being minted or burned to maintain their peg, depending on the needs of the market. When the value drops, tokens are burned to increase scarcity, and when they surpass $1, additional tokens are minted in calculated dilution.

Winner: Tie since both typically sustain their peg to $0.001.

Transaction Volume

USDC’s daily trading volume is not insignificant and reaches roughly $11 billion. That said, the volume of USDT surpasses USDC several times over, with an average daily volume of more than $60 billion.

Winner: USDT based on unmatched liquidity.

Redemptions

Holders of both USDC and USDT enjoy smooth and nearly instant redemption processes, converting tokens to fiat through most major exchanges. The 1:1 redemptions of Tether can be less transparent due to the nature of USDT audits and reporting.

Winner: USDC because of smoother experiences reported by many users.

Growth

USDC has shown steady adoption in regulated contexts, particularly within DeFi and institutional channels. USDT, though, continues its reign as the largest stablecoin, benefiting from first-mover advantage and wider exchange support.

Winner: USDT for scale, USDC for institutional-friendly expansion.

De-pegging Incidents

Neither stablecoin has had prolonged peg losses, though each has undergone brief dips or deviations during high-stress volatility or liquidity events.

Winner: Tie since neither deviates from one dollar for long.

Where can I buy USDC and USDT?

You can purchase USDC tokens or USDT stablecoins on all the major cryptocurrency exchanges, including Kraken, Coinbase, Binance, and so on. Centralized exchanges will have support for quick purchases via credit or debit cards or bank transfers, letting you trade almost instantly for assets like BTC or ETH.

DEXs like SushiSwap or Uniswap also list USDT and USDC, so you can swap them directly for hundreds of other crypto assets without intermediaries. All you need to do is make sure your platform of choice is reputable and that you understand the trading fees.

Source: Coinbase.com

Where to Sell USDC and USDT?

You can sell USDC and USDT in more or less the same way as buying them. On centralized exchanges, you can place a sell order for any USDT or USDC to fiat trading pair listed, like USDT/USD. Another option is to swap them for other assets to stay within the cryptocurrency market.

How are Stablecoins Taxed?

Stablecoin taxation will depend heavily on how your specific country or state treats digital assets. If you sell or swap them for a profit, most tax authorities, including the IRS, will view that as a taxable event.

Since stablecoins are designed to keep their value set at a dollar, some larger conversions or trades can generate capital gains or losses. Always consult a tax professional or reference government guidelines to ensure compliance.

USDC vs USDT: Which Is Better for You?

USDC and USDT are the two leading stablecoins, and each one can maintain an ultra-close peg to the US dollar. While Tether’s considerable market cap and trading volume make it a mainstay across global exchanges, USD Coin’s emphasis on transparency and regulatory adherence draws in institutional investment.

Think about the unique combination of liquidity and regulatory compliance that fits your needs, and you’ll be able to make a well-informed decision for your portfolio.

FAQ

Which is better, USDT or USDC?

You’ll need to put this in the context of your investment or trading priorities. USDC offers clearer audits, though the USDC market capitalization is lower.

Is USDC safer than USDT?

USDC’s reserve transparency and monthly attestations often give it a perception of higher trustworthiness, but neither has ever lost its peg for long.

Can I Transfer USDC and USDT to My Bank Account?

Most exchanges will let you convert your stablecoins to fiat currency, which can typically be withdrawn directly, though processing times can vary from one exchange to another.

What are the downsides of USDC?

While tokens are stable, USDC complies readily with more regulations, which could lead to increased oversight.

Can I change USDC to USDT?

Yes. On any platform where the two are listed, you should be able to swap between the two quickly and easily.

Is USDT equal to USDC?

Both USDT and USDC were created to keep a stable peg to the dollar, so the USDC price will always be more or less equal to the USDT price. That said, they have considerable differences in reserve assets composition and disclosure, market capitalization, and general governance. 

The post USDC vs USDT Comparison: Which Stablecoin is Better? appeared first on NFT Evening.

While some of those who made millions were talented artists and entrepreneurs with a huge social media following, the truth is that anyone can mint an NFT and make money. Since understanding the NFT space is essential and goes a few spaces beyond simply learning the meaning of terms, this guide will take you through the process of minting an NFT and everything else you need to know before you can start. 

Let’s dive into the fundamentals of how to create NFT and show you some valuable insights!

What Does It Mean To “Mint” an NFT?

To mint NFT refers to creating a unique digital asset on a blockchain and turning it into a unique verifiable crypto-collectible. The file includes anything from artwork, music, and video to virtual properties. This makes it possible to record their data permanently on a blockchain and to make it possible for anyone to own the digitized items.

By minting an NFT, you effectively tokenize the digital asset in a format that allows you to trade its ownership rights for digital content that is otherwise reproducible. Before the introduction of non-fungible-token technology, no one could effectively claim sole ownership over any digital file that people could easily copy and share as many times as they could.

Why Mint an NFT?     

So why do people bother learning how to create NFT? The reason is simple: The digital file you mint becomes a part of the blockchain, meaning no one can alter or duplicate it. If you’re a creator, this is critical because it becomes a deed of ownership and authenticity and allows you to sell or trade the non-fungible token on any NFT marketplace. 

Once you’re through with the process of NFT minting and you have your non-fungible token on a decentralized blockchain such as Ethereum, the digital file becomes a “one-of-a-kind” file that can be traced back to you as the original owner, creator, or minter as it represents ownership. You can sell it or trade it like a unique commodity. Any ownership change will also be recorded on-chain after the transaction is executed. 

Minting for creators

Minting is mainly done by artists or creators interested in transforming their work into digital assets. While trying to sell digital art may have existed before, introducing NFTs enables NFT creators to gain recognition as original creators. Other benefits include:

• Monetization and Revenue Streams: Minting transforms your art, music, or code into a verifiable token that you can sell directly to buyers or collectors and bypass agents. Thus, you keep a larger percentage of the money, including recurring revenue from royalties on future sales.
• Ownership and Authenticity: Minting establishes a permanent digital record on the blockchain, preventing counterfeiting or duplication. It provides a verifiable deed of ownership, making your NFT collection valuable and collective.
• Community Engagement and Recognition: Minting enables creators to build a community around their art pieces and connect them with fans and connectors, besides creating opportunities for fostering loyalty.
• Financial Benefits: NFTs can bring a substantial return on investment. 
• Access to a Global Market: Creators can trade NFTs in different marketplaces and reach a wider global audience than the traditional market or sales channels.

Minting for collectors

Apart from creators, investors and collectors can also mint NFTs from a collection. After paying the price, the token goes straight into their wallets. For collectors, NFT minting NFT has several benefits, including:

• Uniqueness and Scarcity: When you mint NFT, your digital asset becomes unique, and no one can copy or replicate it, so you establish scarcity.
• Proof of Ownership: Your NFT is your digital deed of ownership recorded permanently on the blockchain from where you can transfer ownership.
• Authenticity: Blockchain records are verifiable proofs of ownership guaranteeing an NFT’s authenticity.
• Tradability: Once minted, you can sell or trade your token on an NFT marketplace like any other collectible.
• Monetization and Value: As a collector, you can see the value of your NFTs appreciating over time.  

How to Create and Mint Your First NFT        

When learning to create NFT, remember essential things. First, you must create high-quality artwork that’s appealing and unique. You may want to use art software or professional apps, but you can have artwork with the best overall aesthetics.

Your next consideration is the file format and resolutions to guarantee the highest-resolution images that can attract potential buyers, be easily downloadable, or be displayed on different platforms. Also, be careful about intellectual property to avoid legal tussles.     

Having considered the most critical factors, it’s now time to look at the step by step guide on starting minting NFT:

Step 1: Set up a Crypto Wallet

Before you can mint NFT, you need a crypto wallet to store your funds and connect your chosen blockchain network and the NFT marketplace account. A hot wallet is ideal because you’ll be connecting to the internet. You also need a non-custodial wallet such as MetaMask wallet to ensure you control your funds as you keep your private key. Since there are so many NFT wallets you can choose from, the most important things to consider when selecting the appropriate one include:

• Fast and easy to set up and sign up
• Non-custodial to have complete control over your NFTs
• Dapp connectivity so you can quickly connect your wallet to an NFT marketplace
• Multi-blockchain support
• Excellent customer support

After considering the critical factors and finding a crypto wallet with NFT support, it’s time to set up and secure your wallet.

Step 2: Create NFT Collection            

• After you have successfully setting up, connect your wallet, you will click on “Create.”
• Then click on the “Mint an NFT” button.
• After this, select “Create a new collection” before minting a new NFT. 
• Once you’re directed to the page where you can create the collection for your digital token, upload the image of your logo and add your contract name.
• Select the blockchain you want to use and click the “Continue” button.

Depending on your selected blockchain, an NFT marketplace such as OpenSea or Rarible will display the estimated cost for deploying the smart contract.  The gas fees will vary depending on the network’s activity level when listing before requesting payment from your digital wallet.

Next, go to your crypto wallet App, pay the gas fees, and click to complete the deployment of your contract on the Ethereum blockchain. Ensure you have sufficient ETH in your wallet to cover the NFT smart contract deployment cost.

Step 3: Upload and Mint NFT  

The last step is to mint NFT, which involves uploading your digital artwork to your preferred NFT marketplace. You must set the NFT’s metadata, including its title, description, attributes, and cryptocurrency, for which you wish to get paid. Once you’ve paid the minting fees, your artwork becomes a one-of-a-kind token on the blockchain that you can sell or trade.

After learning what minting NFT is, you have successfully made your first one, and it’s time to begin managing your non-fungible token collection. Your next important task is connecting with other NFT enthusiasts and building a social media community. Most NFT creators and fans engage on Discord or X (formerly Twitter), where they share tips and ideas on the market. If you’re entirely new to the world of NFTs, you need to watch other NFT projects, paying attention to what they do so you can borrow some of their concepts to inspire your project.

Where to Mint Your NFT    

An NFT marketplace is a digital platform where you can buy, sell, or trade your non-fungible token conveniently. There are currently over 80 such platforms. Considering the large number, selecting the best platform can be challenging. Among the most popular ones are OpenSea, Rarible, Mintable, Crypto.com, Axie Marketplace, SuperRare, Nifty Gateway, Binance NFTs, and NBA Top Shot.

Note that there are different varieties of platforms within the NFT space for creators and collectors to manage their tokens. The most common types of marketplaces are:

• General NFT Marketplaces: These are online platforms offering an extensive selection of non-fungible tokens, from digital assets to entertainment, virtual real estate, and domain names. OpenSea and Rarible are the best examples in this category.
• Art-based NFT Marketplaces: Platforms in this category allow art creators to display their works while offering collectors a chance to sample and buy. Foundation and SuperRare are the leading examples in this category.
• Entertainment NFT Marketplaces: These platforms specialize in music, videos, and other entertainment-related NFTs, offering access to exclusive content from artists. Artists here can fully own their content and earn royalties for a lifetime.
• Sports NFT Marketplaces: These marketplaces offer physical or virtual sports-related items for sale, including video clips, memorabilia, and exclusive virtual tickets and other utility NFTs. NBA Top Shots is a leading example.
• Decentralized NFT Marketplaces: Another example of NFT platforms include decentralized or community-driven NFT marketplaces that cover a wide range of digital assets you can buy and sell. Popular examples in this variety include Mintable, Rarible, and OpenSea.
• Gaming NFT Marketplaces: Last but not least are Gaming NFT marketplaces specializing in video games and in-game items such as virtual land, skins, and characters that players can own, sell, and trade to monetize gaming assets. Decentraland and Axies Marketplace fall under this category.

The following are examples of the best NFT platforms you can mint your NFT from:                    

OpenSea‍                     

OpenSea is the pioneer and largest platform where users can buy, sell, and trade their minted digital tokens, such as NFTs and other collectibles. The platform was launched in 2017 and is popular among users for supporting different kinds of NFTs, including art, memberships, trading cards, virtual worlds, music, and photography. OpenSea supports over 80 million digital tokens across different categories and blockchains.

Pros of OpenSea

• Easy to use and navigate, making it ideal for beginners
• Offers high liquidity, meaning you can easily buy and sell NFTs
• It has an extensive collection of NFTs covering over 700 projects and still growing
• Low fees

Cons of OpenSea

• Customer service is very supportive
• The marketplace is overcrowded
• Relatively high gas fees         

Rarible‍          

Rarible is a popular open-source NFT platform that was established in 2020 and has supported the buying and selling of NFTs and collectibles since then. The platform is a non-custodial marketplace that allows creators and collectors to have complete control over their digital tokens and collectibles. Rarible currently supports over 400,000 NFTs and is still growing.

Pros of Rarible

• Lazy minting feature that allows users to create NFTs before paying gas fees in advance
• Artists and creators are entitled to up to 50% royalties for their art
• $RARI native token that enables holders to participate in governance issues

Cons of Rarible

• Limited blockchain options as it only supports Ethereum-based NFTs
• Users must pay an initial listing fee and other applicable fees                    

How to Sell Your Minted NFT Successfully    

While it’s good to transform your artwork into an NFT, the truth is that you could also make some money in the process if you’re creative. You can increase your chances of successfully selling your minted NFT by learning to popularize your brand and enhancing potential client engagement. Here are essential tips to remember:  

• Conduct Background Research: You can sell your NFTs and make money, but you must have sufficient information before trading. After knowing what minting NFT is, learn how the market operates and conduct background research on how and why it swings or the kind of digital tokens that can fetch good money and where you can sell NTFs profitably.
• Buy Digital Currencies: Ensure you have bought some cryptocurrencies, such as Ethereum, which are popular in the NFT space. Most NFT marketplaces will require you to pay some upfront fees in crypto before they will allow you to mint NFTs.
• Compare Marketplaces: Since there are many NFT marketplaces where you can mint and sell NFTs, every one of them has different features and requirements. A few teach you how to mint an NFT, while others assume you’re an expert who can start immediately. If you’re beginning, consider a platform that can educate you on how to sell your NFT art.

The following is a step-by-step procedure for selling NFTs:

• Step 1: List Your NFT: Visit the selling section of your selected NFT marketplace and list your token for immediate sale or auction. Set the selling price, usage rights, and royalties to attract potential buyers.
• Step 2: Promote Your Listing: Use social media forums and online NFT communities to showcase your NFT listing and reach a wider range of potential buyers. Engage with potential buyers and offer information on your art, as well as use your connections to enhance visibility.
• Step 3: Manage Transactions: Once a potential buyer bids on your NFT, use the platform’s interface to handle the transaction. Verify the sale and switch ownership to the buyer, ensuring all the agreed-upon terms and conditions are fulfilled. 
• Step 4: Receive Payment: After selling, you will receive the payment in your crypto wallet. Remember, you must pay transaction fees, service fee and other associated levies before reinvesting or spreading out your profits in the NFT marketplace. 

Common Mistakes to Avoid When Minting NFTs      

Here is a list of mistakes you must avoid when minting NFTs: 

• Paying High Gas Fees: Research different blockchains and use gas fee estimation tools to avoid paying exorbitant gas fees or batch minting for large projects.
• Forgetting Royalties: Royalties are payments you can receive even after you have sold your NFTs; make sure your smart contract automatically royalties your NFT is sold. 
• Wrong Blockchain or Marketplace: Research alternatives for marketplaces or blockchains to ensure they align with your target audience.
• Lack of Copyrights and Misleading Descriptions: Consult a legal expert to ensure your contract carefully protects your rights while providing accurate descriptions about the origin of your artwork.
• Scams and Fraud: Carefully research NFT projects and marketplaces and understand their terms and conditions to avoid potential fraudsters and avoid becoming a victim.
• Minting one NFT on Multiple Platforms: Since most platforms will delete an NFT minted on other platforms, carefully select one platform to mint and list NFTs to avoid duplication.

Conclusion

NFTs have become a new way for individuals and artists to make an income, and as the world increasingly becomes digital, non-fungible tokens are rising to the mainstream. As a potential investor in the NFT space, you want to learn everything you can about minting NFTs to increase your chances of making it.

While at it, take the time to do your research to identify the best NFT marketplaces, crypto wallets, and blockchains that support NFT creation. By learning the basics on understanding NFTs before you get started, you will have fun, enjoy the rewards that could come your way, and avoid scams and fraudsters who could otherwise steal the rewards of your hard work.

FAQs                           

How much does minting an NFT cost?

The cost of minting an NFT can vary greatly, from a few dollars to hundreds. The amount you spend will depend on factors like the blockchain you choose, specific features you utilize, and network congestion, among others. NFT platforms also offer “gasless minting” or “lazy minting” options that significantly reduce costs.        

Can I mint an NFT for free?

Yes, you can mint NFT free of charge, but that will depend on the blockchain and marketplace you choose. Blockchains like Polygon have free minting options, while marketplaces like Rarible and OpenSea offer lazy minting features that allow a creator to pay gas fees later or have the buyer pay them when buying the NFT.

How long does NFT minting take? 

Under normal circumstances, NFT minting could take between 5 and 30 minutes or even several hours in some situations. The timing can vary based on factors like the blockchain network congestion or the complexity of the smart contract. However, a creator can speed up the process on some platforms by paying a slightly higher priority minting fee.

Can I Mint NFTs on Different Blockchains?   

Once you have learned how to mint an NFT, tt is possible to mint NFTs on different networks. However, note that some networks are more popular for NFT minting than others. While Ethereum remains the most popular blockchain for NFT minting, alternatives like Solana, Polygon, and Binance Smart Chain offer similar services.  

Is minting an NFT the same as buying?

Not really. The process of minting NFT refers to creating a new NFT. Buying, on the other hand, is purchasing an existing NFT on a secondary NFT marketplace.

What Gives an NFT Value?

The value of an NFT depends on the kind of asset it represents. For example, the value of NFTs representing tangible items will correspond to their value in the market. Nonetheless, the value will be entirely speculative when you have an asset that doesn’t have a price tag, such as a piece of digital content.

Are NFTs a good investment?

Like most crypto-based products, NFTs are highly speculative but potentially lucrative. However, there are risks associated with the investment, especially if it is made without thorough evaluation by the creators, communities, and long-term utility.

The post How to Mint an NFT: A Beginner’s Guide appeared first on NFT Evening.

Understanding exactly how spot trading works and why it’s an important strategy is critical to making better, more informed investment decisions. By learning how to focus on market volatility in real time, spot trading can help fulfill the typical traders’ aim to buy low and sell high without worrying about dealing with lengthy settlement times or potential margin calls.

What Is Spot Trading In Crypto?

In crypto, spot trading is a method of trading digital assets where orders are executed and filled immediately at the current market price. This means you are granted immediate delivery and ownership. It’s a very direct approach to asset ownership that works for traders who want straightforward exposure to price movements without the additional complexity of derivatives or margin trading.

Source: Pixabay.com

How Does Spot Trading Work?

Spot trading depends on real-time transactions, so trades happen more or less instantly at prevailing market prices. When you submit an order, you are buying or selling coins for the most immediate settlement possible.

Spot trading is generally done with either market orders or limit orders. Market orders will buy or sell specific quantities of coins at current market prices, while limit orders set a price and only execute at that price or better.

What Is a Spot Market?

A spot market is a platform where financial instruments related to crypto are bought and sold at their current prices for immediate delivery. On these spot exchanges, market participants have direct control over their transactions, locking in trades based on current supply and demand conditions. This setup fosters a clear price discovery mechanism, allowing traders to see real-time bids and offers.

Spot Trading in Other Markets

Spot trading is popular with crypto, but that’s not the only space you’ll find it. You’ll find spot trading in forex, precious metals, commodities like steel and oil, and more.

While each spot market may have unique trading hours, liquidity levels, or regulatory frameworks, the core principle remains the same: a clear, real-time transaction occurs when you buy or sell. This universality makes spot trading accessible and straightforward across multiple asset classes.

Best Spot Trading Strategies

Buy and Hold

This long-term strategy involves acquiring crypto at a lower price and holding it for an extended period. It’s particularly popular with investors who believe in the technology’s long-term promise.

Dollar-Cost Averaging (DCA)

Rather than making a single lump-sum purchase, DCA spreads out investments over regular intervals to mitigate the effects of short-term price fluctuations.

Trend Following

Traders analyze market patterns using indicators like moving averages or MACD. When a clear upward or downward trend emerges, they align trades to ride the momentum until signs of a reversal appear.

Spot Trading Vs. Futures Trading Vs. Margin Trading

Advantages of Spot Trading

• Immediate Ownership: You buy crypto assets outright, avoiding the complexities of leveraged positions or contract expirations. This allows you to store coins in your wallet, reducing counterparty risk.
• Lower Complexity: Spot markets are straightforward compared to derivatives trading, making them a popular choice for new entrants who want to focus on direct price movements.
• No Margin Calls: Because you only invest the capital you have, you don’t risk liquidation or margin-related losses associated with leveraged trades.
• Transparent Pricing: Transactions occur at current market prices, offering clarity and reducing guesswork about future settlements or hidden fees.
• Ideal for Long-Term Holding: Many spot traders adopt a buy-and-hold strategy, especially for assets they believe will appreciate over time.

Disadvantages of Spot Trading

• Tied-Up Capital: You must pay the full amount upfront, which limits buying power and potential returns compared to leveraged trading.
• Slower Growth: Gains depend entirely on price appreciation; you don’t have the advantage of amplified returns that margin or futures might provide.
• Volatility Risks: Swift price swings can quickly erode principal, especially for smaller altcoins with low liquidity.
• Limited Hedging Options: Without derivatives, you can’t short assets as easily or protect holdings from sudden market downturns.

How To Start Spot Trading In Crypto?

1. The first step to spot-trading crypto is to choose an exchange that supports the crypto you want to buy or sell.
2. You’ll need to create an account on your platform of choice and complete any KYC requirements.
3. Once you’ve been verified, it’s time to fund your account. Transfer fiat currency using any of the methods supported by the exchange.
4. Place a market order to buy or sell crypto at the current market price or create a limit order to specify a price at which to buy or sell a quantity of assets.
5. After your buy or sell order has been placed and filled, you should consider moving your assets to a hardware or software wallet you have full private key control of.

Alternatives to Spot Trading In Crypto

If spot trading doesn’t sound right for you and you’d like a few alternatives, there are plenty, as long as you’re able to cope with the added complexity and risk. The most popular alternatives are margin trading, options trading, and futures trading.

Futures trading strategies involve entering into a contract to buy or sell assets on a specific date in the future. This lets you hedge against current positions or speculate on price movements over time, frequently with leverage. The risk here is that market fluctuations could force liquidation if trades move against you.

Margin trading is a general strategy that lets you borrow funds to open a leveraged position, potentially multiplying gains as well as losses. Traders on margin trading platforms must maintain a specific balance to avoid liquidation, which makes risk management a core component.

Options trading is where you buy the right, but not the obligation, to buy or sell a specified asset at a specified price on a predetermined date. This is often used for hedging strategies or to profit from predicted market movements without actually holding the asset. Successful options trading demands an understanding of premiums, strike prices, and a complex set of metrics known as “the Greeks”.

Conclusion

Crypto spot trading is a cornerstone element of the broader crypto market, helping to provide a clear, uncluttered path to digital asset ownership. With a strict focus on immediate transactions at current market prices, you can more easily avoid the complexities native to contract-based trading strategies.

While spot trading doesn’t have the leverage options of futures or margin markets, it also comes with fewer inherent risks, particularly concerning liquidation. Now that you understand how spot trading works with crypto, you can combine this new knowledge with personal risk management to make more effective investment decisions.

FAQs

What is an example of spot trading?

An example of crypto spot trading is buying Bitcoin with a market order through any common platform or exchange. The order is filled at the time it is placed at the currently available price.

Can you make money by spot trading?

Yes. You can profit from buying digital assets and selling them for a higher price when market values increase, but there will always be risks.

Is crypto spot trading safe?

It’s considerably safer than leveraged trading strategies, but substantial market risks are still involved. Volatility is one major concern since substantial crypto price fluctuations are common.

Which crypto exchange is best for spot trading?

The best crypto exchanges for spot trading are platforms like Coinbase, Kraken, Binance, and more.

Is spot trading good for beginners?

Spot trading is much easier to understand than futures trading and less risky than margin trading, so it’s a great starting point for crypto beginners.

The post What Is Spot Trading in Crypto and How Does It Work? appeared first on NFT Evening.

With 77,000 users receiving MON testnet tokens, this is a unique chance to explore Monad’s growing ecosystem via the Warpcast mobile app. This guide will walk you through how to check your MON token balance and what you can do with these testnet tokens right now.

What Is Farcaster?

Farcaster is a decentralized social protocol that gives users full control over their identity and content. It was founded in 2020 by Dan Romero and Varun Srinivasan, both former Coinbase executives. The protocol is designed to enable open participation and data portability across apps without centralized control, similar to how email operates.

Farcaster has attracted significant venture capital support. As of May 2024, the project has raised a total of $180 million.

Warpcast is the flagship client built on top of Farcaster. It functions similarly to a social media app like X, but with native support for crypto features such as wallets, token transfers, and on-chain identity.

Source: Warpcast

Airdrop Eligibility: Who Qualified for MON on Farcaster?

Monad distributed MON testnet tokens to 77,000 active Farcaster accounts based on several criteria, including:

• Verified accounts
• Regular cast activity
• Engagement within the Warpcast ecosystem

These MON tokens are testnet tokens, which means they’re not real monetary assets but can be used to experiment with upcoming Monad-based apps and features.

Read more: Monad Airdrop Guide: the Easiest Way to Unlock your Rewards

Step-by-Step: Check Your MON Balance on Farcaster

Step 1: Launch the Warpcast mobile app on your phone.

If you have not used Warpcast yet, you can install it using the link below:

• For iOS users: Search for “Warpcast” on the App Store or download directly here.
• For Android users: Search for “Warpcast” on Google Play or download directly here.

Step 2: Tap the “Wallet” tab on the navigation bar at the bottom of the app.

Step 3: Scroll through your token list to see if “MON” appears. If you received the drop, your MON balance should be visible here.

Tips If You Didn’t Receive MON

If you missed out on this MON testnet drop, don’t worry, you still have chances to get involved in the future. However, it may be a sign that your activity on Farcaster wasn’t yet strong enough to meet the eligibility criteria. 

To improve your chances next time, stay active by posting regularly, reacting to others’ content, and verifying your identity.

Also, make sure you follow Monad’s official channels for updates on upcoming testnet campaigns and the anticipated mainnet launch.

Read more: Check Your Wallet Score on Monad Testnet

What Can You Do with MON Test Tokens?

The recent distribution of MON testnet tokens marks Monad’s first major integration with the Farcaster ecosystem. By sending tokens to 77,000 eligible accounts, Monad aims to encourage experimentation and early adoption of its developer tools and upcoming mini applications.check wallet score monad testnet

While these tokens hold no monetary value, they serve as a gateway to Monad’s testnet environment. Recipients can use MON tokens to interact with early-stage applications built on Monad, test smart contract features, and send tips within the Farcaster ecosystem. 

Users are also advised to retain some MON in anticipation of forthcoming app launches that may require the token for participation.

Read more: Monad Ecosystem Map: Best Projects Review

The post Check Airdrop Monad Token (MON) on Your Farcaster Wallet appeared first on NFT Evening.

One player has emerged to claim a niche because it helps users capture real value as they offer liquidity, especially within the Solana network. Often called the Aave of Solana by DeFi diehards, Kamino Finance has established itself as the go-to yield automation tool offering automated liquidity strategies, pegged as a yield optimizer and auto-compounder offering concentrated liquidity to the Solana Network.

But what is Kamino Finance, and what role does it play in the ever-dynamic Solana ecosystem? This guide explains its key features and outlines the prime strategies you can use to optimize your profit potential in yield farming.            

What is Kamino Finance?      

Kamino Finance is a decentralized finance (DeFi) platform based on the Solana ecosystem designed to automate and optimize concentrated liquidity management. The platform simplifies the complex process by combining liquidity provision, decentralized lending, and leverage to create an easy-to-use DeFi product suite for all users.

As a result, DeFi users get to enjoy the best of both worlds since they can earn compounded yields without struggling to deal with puzzling barriers to entry. The project was initially designed to demystify liquidity provision and simplify auto-compounding on decentralized exchanges (DEXs) using the renowned Concentrated Liquidity Market Maker (CLMM) models. It has since metamorphosed into the lending and leveraged product niches.

DeFi enthusiasts consider Kamino the best Solana DEX and recognize it as the next-gen platform for retail and institutional users.

What is Concentrated Liquidity?

Liquidity is the lifeblood of any financial system, and DeFi is not an exception. The more liquidity, the more stable the ecosystem, which makes Liquidity providers (LPs) an important cog of the system. Concentrated liquidity is a feature for trading in automated market makers (AMMs). It enables liquidity providers to provide their assets to liquidity pools within specific price ranges instead of allocating them throughout the entire spectrum of potential prices.  

In the conventional AMM, liquidity providers distribute their assets uniformly across the entire price curve, making them available for random prices from zero to any price that could happen.  While the traditional method looks practical and effective, it has several disadvantages because trading activities could happen within a slim price range. As a result, a larger amount of liquidity remains unutilized, meaning liquidity providers won’t receive their dues.

Concentrated liquidity positions change the entire picture by allowing LPs to decide on the specific price ranges in which they would be comfortable providing liquidity. Rather than provide liquidity randomly, concentrated liquidity empowers providers by enabling them to choose the price curve at which they can allow swaps to occur. Once they build automated liquidity strategies, a larger portion of their deposited liquidity can be used. The benefits include:

• Higher Capital Efficiency: Concentrated liquidity improves capital efficiency, as LPs can focus their assets within a specified price range, leading to higher returns.
• Increased Fee Earnings: LPs can concentrate their liquidity where greater trading happens, meaning they can earn more fees.

The Role of Kamino Finance in Solana DeFi  

The Kamino Finance ecosystem plays an integral role within the Solana DeFi ecosystem by introducing a concentrated liquidity layer that enhances users’ experience in decentralized lending from the increased liquidity depth. By providing one-click liquidity strategies, Kamino Solana becomes a one-stop-shop for DeFi users interested in optimizing liquidity and their potential return on investment. The Kamino Solana products contain four key primitives, as follows:

Automated Liquidity Vaults

Kamino’s Automated Liquidity Vaults is one of the core primitives of the Solana network that issues yield-bearing LP tokens to depositors. Known as ‘kTokens,’ and used as collateral in Kamino Lend, they become the foundation of Kamino’s DeFi strategies, including delta-neutral liquidity provision, leveraged liquidity provision, and other DeFi applications where users earn yield from LP positions.

K-Lend

Kamino Lend (K-Lend) is the core lending infrastructure that operates on a peer-to-peer basis. It enables users to borrow and lend assets with high leverage using the Elevation Mode mechanism, which groups highly correlated digital assets and optimizes a Loan-to-value ratio (LTV) of up to 95%. The K-Lend protocol is a decentralized matchmaker that unifies lenders, borrowers, and liquidity providers that support LP token collateral and automatic liquidation management.                  

Multiply Vaults

Multiply Vaults are designed to facilitate leveraged positioning to enhance user exposure to selected yield-bearing digital assets. Users are facilitated to open leveraged positions where they can access specific assets. Moreover, users can gain up to 5x leverage besides leverage K-Lend and borrow assets they can reinvest by creating an automatic loop.

Long/Short Vaults

Long/Short Vaults within the Kamino Solana ecosystem are a feature that enables users to make leveraged bets on an asset’s price without owning it directly. Users can speculate on whether the cost of an asset like Solana (SOL) will go down (short) or up (long). The result could be amplifying profits when things go as expected or multiplying losses when you get it wrong.

Key Features of Kamino Finance

One of the prominent features of Kamino Finance is the platform’s suite of easy-to-use products, transparent analytics, and all-inclusive data details on its performance. Among the key features include:  

• Capital Efficiency: Kamino optimizes capital efficiency by letting liquidity providers select their price ranges. The process guarantees LPs their liquidity will be utilized strategically to meet market demands and the highest rates.
• Low Slippage: Since slippage automatically increases during times of high volatility or market liquidity, introducing concentrated liquidity layers helps reduce slippage for traders and enables users to mitigate risk by offering their services at competitive rates.
• Dynamic Range Positioning: LPs can strategically adjust their positions within a price range depending on prevailing market circumstances. With dynamic market positioning, they can provide liquidity in flexible terms to keep up with volatility levels and trading patterns.
• Incentive Mechanisms: Kamino Finance users are incentivized using different mechanisms, such as yield farming or governance participation, to attract them to become and remain liquidity providers.
• Decentralized Governance: Holders of the KMNO token are allowed to participate in the platform’s decision-making process, ensuring that Kamino grows in tandem with the community’s interests.

The KMNO Token

KMNO is the Kamino Finance ecosystem’s native utility and governance token. It plays an integral role in powering the protocol’s DeFi program, which includes liquidity provision, lending, and leveraging. The platform also uses the KMNO token to incentivize participation in its various activities and reward liquidity providers.

Users holding KMNO can earn passive income by staking their tokens or participating in governance decisions that influence the platform’s future. Moreover, the token can be used to access special features and benefits and boost liquidity within the Kamino ecosystem. KMNO continues to play a significant role within the platform’s DeFi suite, thereby promoting its growth and sustainability.   

KMNO Tokenomics    

The token serves different roles within the Kamino ecosystem. Below is a breakdown of KMNO tokenomics:

• Total supply: 10,000,000,000
• Estimated initial circulating supply: 1,000,000,000
• Market cap (as of August 24, 2024): $51,151,602

The team behind Kamino Finance initially distributed 750,000,000 KMNO tokens to the community, representing 75% of its initial circulating supply. The strategy highlights the team’s plan to bootstrap the project’s ecosystem by motivating community members to participate fully in its activities.

The tokens are distributed as follows:

• Community and grants: 35%
• Core contributors: 20%
• Key stakeholders and advisors: 35%
• Genesis community allocation: 7.5%
• Liquidity and Treasury: 10%

How to buy KMNO?

If you plan to buy KMNO tokens, consider some essential factors, like the exchange you’ll buy from and the transaction method. The following is a step-by-step guide for buying KMNO tokens.

• Step 1: Choose an Exchange: Choose a crypto exchange in your country that supports Kamino like Binance, carefully considering factors like security, transaction fees, and user reviews.
• Step 2: Create an Account: Register an account on the platform’s website or mobile app. You’ll need to input personal information for verification.
• Step 3: Fund Your Account: Use the supported method to transfer some funds to your new exchange account.
• Step 4: Navigate to the Kamino Market: Locate Kamino (KMNO) in the crypto exchange’s marketplace.
• Step 5: Choose a Transaction Amount: Enter the amount of KMNO tokens you intend to buy.
• Step 6: Confirm Your Purchase: Review all the details and when satisfied, confirm by clicking “Buy KMNO.”
• Step 7: Complete Transaction: The exchange will process and transfer your tokens to your exchange wallet.
• Step 8: Transfer to a Hardware Wallet: Unless you want to trade your KMNO tokens, it’s advisable to transfer your assets to a hardware wallet, where they will be secure.

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How to Get Started with Kamino Finance     

After understanding the core features of Kamino Finance, it’s time to get started. First, you need to acquire and connect a Solana blockchain compatible wallet to access the Kamino platform and explore its services.

Here’s a step-by-step guide:

Step 1: Obtain and Connect a Solana Wallet:

• Choose a Solana compatible wallet: Examples include Phantom, Trust Wallet, and many others
• Download and set up: Download and set up by following prompts given by your chosen wallet provider
• Connect to Kamino: Once set up is complete, connect it to the platform

Step 2: Depositing Assets: Once your wallet is connected, deposit supported tokens or coins into your Kamino account. This will give you collateral to borrow or provide liquidity. Now you can choose a product or service from the list of options in the header navigation bar:

• Lending and Borrowing: You can borrow or lend crypto assets
• Liquidity Provision: Provide liquidity to AMM vaults
• Leverage Multiply: Leverage your tokens for staking yield

Step 3: Create a vault: Select the type of vault you desire, deposit the required assets, and configure the parameters like price range or leverage

Step 4: Manage your position: After creating a vault, monitor its performance, adjust the metrics as required, or withdraw the assets when needed. The platform has built-in tools to help users manage positions effectively.

Earn Kamino Points for Potential Airdrop

Kamino Finance has so far conducted three airdrop seasons beginning with its Genesis Airdrop. While we wait for the next Kamino airdrop, you need to prepare if you’re interested in getting some goodies and ensure you’re eligible.

As usual, the premise involves earning points by actively participating in the community and using its products. These points can be converted to KMNO tokens the moment the airdrop goes live. According to the project, the main motivation for its points program is to ensure the platform reaches as many people as possible, attract new users, and reward them for their loyalty.

As we wait for the next Kamino airdrop to be announced, you can earn points in the following ways:

• Provide liquidity to eligible pools: The greater the contribution, the higher the potential reward.
• Stay engaged: Remain engaged in the platform’s trading activities since points are based on trading volumes.
• Participate in yield farming: Earn extra points by staking your tokens.

Conclusion: The Future of Kamino     

Kamino Finance seems to be the best Solana DEX currently, offering a comprehensive suite of DeFi activities ranging from liquidity provision to lending and leverage. The platform’s unique approach to managing liquidity and focus on user experience makes it a popular platform with a promising future within the Solana DeFi ecosystem.

By dealing with issues affecting CLMMs and introducing a wide range of features, Kamino Finance has differentiated itself from competitors within the Solana DeFi ecosystem. Kamino is an attractive option for anyone interested in maximizing their crypto asset potential.

FAQs                                       

How safe is Kamino Finance?

According to the company’s website, security is a top priority. The platform uses smart contracts audited regularly by leading blockchain security firms like Trail of Bits and Kudelski Security.                              

What is Kamino in crypto?

Kamino refers to Kamino Finance (KMNO), a DeFi protocol on the Solana blockchain. The platform aims to simplify and optimize liquidity provision, lending, and borrowing cryptocurrencies. It also offers advanced tools for managing and earning yields on crypto assets.             

Who are the investors in Kamino Finance?   

According to Tracxn, Kamino is a London-based seed company founded in 2022. It raised $6.1M over 1 round, and eight investors participated in its latest round. Kamino has 8 institutional investors, namely Global Founders Capital, Propel Venture Partners, and Clocktower Technology Ventures.

The post What Is Kamino Finance? A Guide to Solana’s Concentrated Liquidity appeared first on NFT Evening.

Maple Finance is shaking up the cryptocurrency sector, especially global lending, with innovative products designed for institutional borrowers. If you’re an institutional borrower looking to access funds more efficiently or a lender interested in getting guaranteed yields for your efforts, we’ve got you covered. In this guide, we shall answer the question of Maple Finance, how it works, and all other details surrounding it.

What is Maple Finance? 

Maple Finance is a digital asset lending platform within the decentralized finance (DeFi) sector connecting institutions with structured opportunities such as yield-bearing by facilitating capital flow via secured, on-chain loan products. By offering a two-pronged approach targeting permissionless and know-your-customer (KYC) fronts, the platform supports DeFi native users and institutional players looking for loans or yield-generating opportunities from crypto lending pools.

When business people and other investors seek alternative solutions to the challenge of borrowing enough funds to fund their growth, it can be frustrating to feel locked out because of the slow, costly, and sometimes restrictive regulations in the existing marketplace. Maple DeFi has introduced an alternative to help institutions manage their cash flow efficiently and seize investment opportunities by offering an efficient and more flexible alternative than the traditional capital market.

Maple operates a digital lending protocol that goes beyond where other DeFi protocols reach by offering undercollateralized loans to institutions. Select cryptocurrencies fully back loans provided through the Maple and Syrup lending pools after undergoing rigorous assessment, while the permissioned nature of the yield sources guarantees quality and security. Unlike its competitors, Maple is open to anyone interested in becoming a yield earner or liquidity provider participating in lending crypto to prime corporate borrowers.

Who Created Maple? 

Sid Powell, a career institutional banker, is the CEO and co-founder of Maple Finance with Joe Flanagan. Powell’s background in institutional banking initially saw him treat cryptocurrencies and blockchain technology with skepticism and disdain until he became a bank client. After learning about Web3, both Powell and Flanagan were convinced that the traditional finance lacks efficiency and needs an emerging technology as a solution.

To address this, they created Maple Finance, a DeFi protocol designed to introduce debt capital markets 100% on chain via smart contracts, eliminating the time and cost constraints and leveraging blockchain for immutability. Today, Maple is a team run by over 25 experts with staff from leading crypto firms like BlockFi, Kraken, Bank of America, Gemini, and MakerDAO, just a few blue-chip organizations.

How Does Maple Finance Work?

The Maple protocol runs on the Solana and Ethereum blockchains, and like all other DeFi projects, it thrives on the participation of cryptocurrency lovers. Nonetheless, it differs slightly from other DeFi protocols as it primarily targets corporate borrowers and institutional lenders. The primary players within the Maple ecosystem are lenders, institutional, borrowers, pool delegates, and stakers, with each group playing a distinctive role, as explained below.

• Institutional Borrowers: The group mainly consists of market makers, hedge funds, and some cryptocurrency exchanges that take advantage of the platform’s aggregated resources whose financial activities are recorded on the blockchain. Once they procure loans, the borrowers vetted by the platform pay an establishment fee that facilitates pool delegates and Maple’s DAO, which manages the treasury funds.
• Pool delegates: This team, selected by the Maple Finance team to facilitate the platform’s capital efficiency, vets borrowers and assesses their ability to service their loans. They manage lending pools by gathering information that directly influences the terms and conditions of every loan, with funds arriving from selected liquidity policies.
• Lenders: Lenders deposit funds into designated liquidity pools and have the opportunity to earn a fixed yield for providing the funds, which are administered by the pool delegates. In addition to the interest rate lenders receive, lenders receive other incentives, including MPL crypto incentives.
• Stakers: Stakers provide “loss capital” by staking Balancer Pool Tokens (BPT) to cover any eventual losses in the event of a default. Since they take on risks on the loans, the platform rewards their efforts by distributing a portion of the loan yield in addition to MPL token staking rewards.  

How to Use Maple?

If you are interested in becoming a lender, consider Maple DeFi, where lenders receive a stable yield from carefully selected institutional borrowers. All you need to do is join a liquidity pool, deposit your funds, and earn interest depending on the liquidity asset. Pool delegates determine the yield’s value and the loan’s conditions. As a lender, you can also benefit by earning MPL by participating in liquidity mining.

You could also choose to provide pool cover by providing a financial buffer to mitigate risks associated with loans. Pool cover takes care of the losses in the event a borrower defaults, but the positive aspect is that those offering pool cover earn income through MPL rewards.

Staking MPL is another innovative way to receive passive income, such as depositing your idle MPL tokens directly into the platform. Maple says on its website that it plans to employ 50% of its revenue in an MPL buyback plan, which will be distributed to stakers as a reward for supporting the protocol. If you wish to become a pool delegate, you could also be selected based on your reputation for competence, and you can earn by receiving a portion network fees accrued from borrowers or getting a portion of the establishment fee.

What is SYRUP?

SYRUP is a permissionless yield token powered by Maple Finance and specifically designed for the DeFi community. Users who deposit funds on the protocol gain access to yield sourced from the platform’s over-collateralized loans given to large crypto-focused institutions. Since SYRUP ascribes mainly to DeFi, lenders don’t undergo any know-your-customer (KYC) protocols before they can deposit funds and start earning yields.

Besides earning yield by depositing funds, SYRUP users can also earn Drips, a primary procedure for distributing ownership of the Maple DeFi ecosystem. Users can increase the amount of Drips they earn by participating in several actions, such as using one of their wallet integration partners to deposit funds into SYRUP or using DeFi to leverage SyrupUSDC.

The SYRUP token governs the entire Maple ecosystem, which includes both Maple and Syrup. SYRUP was designed to replace the older MPL token, and holders converted their tokens from MPL to SYRUP.

SYRUP Utility

The use of Maple has the potential to expand as the crypto market continually goes mainstream and the project itself develops further. Interested actors can use Maple and SYRUP to achieve some of the following goals:

• Arbitrage Trading: SYRUP is a popular cryptocurrency in the market, and its price is always fluctuating. You can earn extra SYRUP when you buy low and sell high on a cryptocurrency exchange. Look for cryptocurrency exchanges like Bitget and others that provide numerous SYRUP trading pairs to fully benefit from arbitrage trading.
• Stake SYRUP and Earn: Users can generate extra income by staking or lending SYRUP. Numerous exchanges offer these opportunities to help SYRUP holders earn an income using their idle digital assets.
• Send or pay SYRUP: If you feel a little philanthropic and want to gift your friend, donate to a charity, or participate in a fundraiser, SYRUP is an alternative way to achieve your dream. You can send SYRUP tokens to your benefactors through their wallet addresses.                

SYRUP Tokenomics

SYRUP now serves as the native token of the Maple protocol and replaces the MPL token. Upon migration, the proposal was to convert 1 PML to 100 SYRUP, which ensured no dilution for existing MPL holders. The total supply of SYRUP is projected to reach 1.228 billion by September 2026, reflecting a planned 5% annual inflation.

The platform issued approximately 1.15 billion SYRUP during the migration, which included creating at least 1 billion SYRUP tokens during the MPL-to-SYRUP migration. The plan included a well-structured inflation calendar for the allocation of about 100 million tokens scheduled for October 2024. The issuance of SYRP tokens was broken down as follows:

• New SYRUP supply: 1,000,000,000 tokens
• 10% inflation schedule: 100,000,000 tokens
• From inflation to October 2024: 54,930,000 tokens
• Expected supply by September 2026: 1,228,740,800 tokens

SYRUP Listing on Binance

After being longlisted on cryptocurrency exchange Binance’s Alpha list, Maple Finance’s SYRUP was finally listed on May 6, 2025, and started trading at 15:00 (UTC). The relatively successful DeFi platform with a large user base has the potential to generate significant volumes both for the exchange and the protocol itself, in addition to the broad exposure. As it opened for trading, the following pairs, SYRUP/USDT and SYRUP/USDC were available, with many more to be added eventually.

For more info, check out the listing details of Maple Finance (SYRUP) on Binance.

How to Buy Maple Finance (SYRUP)  

If you’re interested in buying Maple Finance (SYRUP), the procedure is simple, but there could be slight differences depending on your location and the exchange you choose. Here is a step-by-step guide to buying Maple (SYRUP):  

• Step 1: Create an account: Download an app from your preferred exchange and proceed with the signup process, which could include needing a valid government-issued ID and proof of address. The process should take a few minutes.
• Step 2: Add a payment method: Click on the payment method box and select your preferred method, whether it’s a bank account or debit/credit card.
• Step 3: Select Buy & Sell: Proceed to the Buy section and click the “Buy “tab.
• Step 4: Select Maple Finance: Search for Maple Finance from the list of assets, and when you locate it, tap to open it.
• Step 5:  Enter the amount you wish to buy. Using the number pad, input the amount of money you want to spend, and the system will convert it into the amount of SYRUP you will receive.
• Step 6: Finalize Purchase: Tap the “Preview Buy” button when you’re ready. Review the details, and once you’re satisfied, click “Buy now” to confirm your purchase.

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What is MPL?             

MPL is the Maple Finance ecosystem’s native token. The ERC-20 token inherited the profit distribution standards of the ERC-2222 token standard. MPL plays an integral role in the platform’s operations and MPL token holders can participate in activities like staking and offering loans and the governance process.

MPL Tokenomics

The MPL tokens have a fine amounting to 10,000,000 tokens, of which some 500,000 were involved in a Balancer liquidity Bootstrapping tool that lasted 72 hours. The distribution schedule for MPL tokens is as follows:

• Maple Treasury 14% – 1,400,000 tokens
• Seed Investors 26% – 2,600,000 tokens  
• Public Auction 5% – 500,000 tokens
• Liquidity Mining 30% – 3,000,000 tokens
• Team and Advisors 25% – 2,500,000 tokens
• Total 100% – 10,000,000 tokens  

Conclusion: The Future of Maple      

Maple saw a problem in the world of finance and stepped in to solve it with the general desire of leveraging over-collateralization, where the firm believes it can help economic actors who feel left out by traditional systems.

Over time, the institution’s TVL has climbed steadily to over $800 million. The growth highlights an increasing demand for DeFi products and high yields, especially among accredited institutional investors from the institutional capital marketplace.

The recent launch of SyrupUSDC, democratizing access to institutional yields for retail investors, has also expanded its user base. If all pieces fall into place and institutional adoption grows, there’s every chance that Maple products will be used across the board by users in the financial sector, from the credit card industry to real estate, lending markets etc.

FAQs   

Is Maple DeFi?

Maple is a decentralized finance (DeFi) platform specifically designed to serve institutional-grade borrowers onchain. The protocol facilitates undercollateralized lending, especially to traditional investors and crypto-focused businesses, by introducing a transparent, scalable option to regular credit facilities.

Is Maple Finance on Ethereum?

Maple is built on the Ethereum and Solana blockchain and offers under-collateralized loans, a rare feature within the DeFi space.

Is Maple Finance safe?          

Maple Finance is a relatively safe and secure platform for institutional lending within the DeFi space. While there could be general risks associated with the cryptocurrency industry, Maple has instituted numerous security protocols, such as KYC for borrowers and lenders and strict due diligence conducted by the platform’s Pool Delegate. The measures have so far succeeded in eliminating fraud, ensuring Maple maintains its reputation as a secure platform.

What is Maple Finance token utility? 

The Maple Finance token (MPL) can be used for different functions within the Maple ecosystem. While it is mainly used as the platform’s governance token, which allows holders to vote on proposals and take part in making protocol decisions, users can earn some passive income by staking MPL, where they earn a share of the platform’s network fees. Additionally, the token can be used to create and participate in the platform’s lending pools.

Who is the founder of Maple Finance?         

Maple Finance was launched in 2021. The founders are Sidney Powell and Joe Flanagan. Powell currently serves as the CEO. Powell has a rich background in debt capital markets and institutional banking.        

Is Maple a good investment?

Maple has enabled loans of over a billion USD and is still growing, meaning there are positive signs of its continued growth. While it’s hard to give a straight answer, the latest developments, including listing in Binance, should be a vote of confidence in the platform, and, as such, it’s something every keen investor can keep an eye on at the very least.

The post What is Maple Finance? The Next DeFi Lending Protocol appeared first on NFT Evening.

This article will walk you through everything you need to know about claiming your DOOD airdrop, from eligibility criteria to a step-by-step guide on how to secure your tokens.

What is Doodles?

Doodles is a blue-chip NFT collection that launched in October 2021, featuring 10,000 hand-drawn, pastel-colored characters created by artist Scott Martin (a.k.a. Burnt Toast), along with co-founders Evan Keast and Jordan Castro. These PFP-style NFTs quickly gained popularity due to their artistic flair and strong community.

Over time, Doodles has evolved into a multimedia brand, exploring areas such as music, fashion, and digital entertainment. In 2022, Pharrell Williams joined as Chief Brand Officer, fueling high-profile collaborations with Adidas and other global brands. Doodles 2 further expanded the ecosystem by allowing holders to customize avatars with dynamic traits.

What is $DOOD?

$DOOD is the native token of the Doodles ecosystem, launched on the Solana blockchain. Key functions of $DOOD include:

• Governance: Token holders can vote on decisions that affect the future of the project.
• Utility: $DOOD can be used to access experiences, games, and exclusive content within the Doodles universe.
• Rewards: Community members can earn $DOOD through participation and engagement.

Learn more: Doodles’ $DOOD Token Launch: A Step Toward Web3 Dominance

Moreover, Doodles has released an initial breakdown of the DOOD token allocation:

• 30% to the Doodles community (OG holders and New Blood participants)
• 25% to the ecosystem fund for growth and development
• 13% to New Blood community members
• 10% for liquidity provisioning
• 5% to the core Doodles team
• 5% to the Doodles company

This tokenomics structure reflects a balanced approach between decentralization, ecosystem growth, and rewarding early supporters.

Source: Doodles

Step-by-Step: Check Your $DOOD Airdrop

Claiming your $DOOD airdrop is a straightforward process, but Doodles has emphasized that it is best done via desktop for a smoother experience. Here’s how to get started:

Step 1: Head over to Doodles page here. Make sure you’re on a secure internet connection and double-check the URL to avoid phishing scams.

Step 2: Click on “Connect Wallet” to link your Ethereum wallet that holds the Doodles collectibles. Supported wallets typically include MetaMask, OKX Wallet…

Once connected, the system will automatically scan your wallet for eligible NFTs. If you are an OG Doodles or New Blood participant, your claim status and allocation will appear on-screen.

Step 3: If you are eligible, you’ll be prompted to pre-register. This involves confirming your wallet and potentially linking a Solana-compatible wallet (such as Phantom or Solflare) to receive the DOOD tokens.

Following the pre-registration window, Doodles will initiate the airdrop on the Solana network. You will receive your DOOD tokens directly to the linked Solana wallet.

DOOD Airdrop Criteria

Eligibility within the Doodles community is determined based on the specific types of Doodles ecosystem assets you hold. Each asset class has a defined allocation of $DOOD tokens. In addition, Space Doodles holders can earn bonus allocations based on the number of Space Miles they’ve accumulated.

The following assets are eligible to receive $DOOD as part of the Doodles Community allocation:

• OG Doodles
• Space Doodles (with Space Miles bonus)
• Dooplicators
• Genesis Boxes
• Iconic Wearables
• Grail Wearables
• Exclusive Wearables
• Essential Wearables
• Posters
• Beta Passes
• Certified Virals
• Doodles Passes
• Space Miles

In addition to the Doodles ecosystem holders, 13% of the total $DOOD supply has been allocated to New Blood partner communities. Partner communities eligible for $DOOD include:

• BonkBot – Top 50 active traders by volume
• Bonk – Top 2,500 wallets from the Bonk rewards program
• drip.haus – DRiP creators active between Jan 1 – Mar 5 and select holders of Doodles Collectibles on DRiP
• Solana Mobile – Chapter 2 preorder holders
• Vector – Top 2,500 wallets by broadcast volume
• Helius – Top 5,000 Helius stakers
• ElizaOS – ElizaOS contributors
• The Pond – NFT collectors (snapshot taken May 6)
• BSC communities – Select BNB Chain groups (TST, Mubarak, Babydoge, Broccoli714, Koma Inu) with claims managed by their respective projects

Each eligible wallet can claim an allocation of $DOOD, with varying quantities based on the type and number of collectibles or activity levels in the partner community.

Read more: Check Your Wallet Score on Monad Testnet

The post Check your Doodles (DOOD) Airdrop! appeared first on NFT Evening.

This guide to the best free crypto airdrop campaigns in 2025 will help you identify legitimate opportunities, understand reward structures, and avoid common scams. Whether you’re new to Web3 or an experienced airdrop hunter, staying informed and strategic is the key to maximizing your rewards.

In 2025, the number of airdrops across the crypto ecosystem is growing rapidly. With the rise of decentralized finance (DeFi), artificial intelligence and networks experimenting with new user reward structures, it’s now possible to earn tokens by engaging in governance, providing liquidity, or joining referral links and social media campaigns. This guide outlines the best free crypto airdrop opportunities, along with strategies to help you avoid scams and claim rewards efficiently.

What Are Crypto Airdrops?

In most cases, crypto airdrops require some level of engagement across social media to validate user identity or drive awareness. Channels like X (formerly Twitter), Reddit, and Telegram play an increasingly central role in task verification and snapshot announcements.

As the number of upcoming crypto airdrops continues to grow in 2025, users must learn to distinguish quality opportunities from noise. Understanding the different types of airdrops is key to identifying legitimate and rewarding campaigns. For anyone looking to earn crypto, understanding how the best free crypto airdrop campaigns work is a crucial first step.

These campaigns vary from simple NFT mints to complex staking missions. Crypto airdrops, including the best free crypto airdrop opportunities, are free distributions of cryptocurrency tokens to eligible addresses. Most airdrops reward users who participate in testnet activities, provide liquidity or complete tasks like social media sharing and referrals. These activities are designed to incentivize early user participation and promote new projects before they go live on centralized or decentralized exchanges.

Airdrops can be distributed based on snapshots (wallet balances at a given time), activity-based scoring, or point systems. Some protocols also offer retroactive rewards for using decentralized applications (dApps) or partipate in governance. It’s important to understand that while airdrops are often completely free, they may require users to interact with smart contracts, verify addresses, or use hardware wallets for security.

Read more: What Is a Crypto Airdrop? How They Work & Why It Matters

Source: Token Metric

How Airdrop Distribution Works

The way airdrops are distributed has become more sophisticated in 2025. Most projects now use one or more of the following mechanisms:

• Snapshot-based: A project records balances or on-chain activity at a specific time.
• Points systems: Projects award users points for staking, testnet interaction, completing social tasks, or providing liquidity. These points convert into token allocations.
• Retroactive airdrops: Tokens are awarded to users who have historically interacted with the project before any formal announcement.
• Task-based campaigns: Using platforms like Zealy or Galxe, users complete on-chain or social media tasks to qualify for token drops.

Projects often combine these models to reward long-term engagement, discourage Sybil attacks, and align incentives. Understanding how each project structures its airdrop can help you focus efforts where they’re most likely to pay off.

Why Airdrops Are Hot in 2025

Airdrops are everywhere in 2025. These airdrops come in different forms, from governance token allocations to NFT-based missions. Airdrops from newer crypto projects are increasingly tied to user behavior, driving more engagement.

Airdrops, airdrops, and more airdrops, 2025 has become the year of relentless token distribution. The rise of new projects means users are seeing more frequent airdrops across different networks. Whether from AI-powered DeFi apps or Layer 2 rollups, these airdrops continue to dominate user acquisition.

Crypto airdrops continue to evolve beyond marketing gimmicks, they are now a mainstream strategy in blockchain user acquisition. Projects use crypto airdrops to build loyalty and introduce tokens, creating dedicated communities before launching on exchanges.

Importantly, users can now engage across networks and earn tokens not just from the main protocol, but also from other projects in the ecosystem. These token rewards often arrive as governance tokens, staking incentives, or early access allocations.

The expansion of tools that help track activity, such as Zealy, Galxe, and even referral links, allows users to monitor participation across platforms. As more projects require to complete tasks like providing liquidity, minting NFTs, or engaging on social media accounts, crypto airdrops become more than just giveaways, they’re dynamic community-building tools.

Monad (MON) – Upcoming Airdrop

Monad is a high-performance EVM-compatible Layer 1 blockchain and a strong contender for one of the best free crypto airdrop opportunities this year designed to maximize throughput without sacrificing decentralization. With a completely reimagined consensus and execution layer, Monad seeks to improve upon Ethereum’s limitations while maintaining compatibility with Solidity and other existing tooling.

The project has yet to launch a token, but significant activity is already underway. Its incentivized testnet is ongoing, and users are encouraged to interact with dApps, mint NFTs, and complete faucet requests. Community members expect a generous airdrop for active testnet participants and ecosystem builders.

Read more: Monad Airdrop Guide: the Easiest Way to Unlock your Rewards

Here are step by step farm airdrop on Monad:

Visit the website and connect your wallet.

Claim testnet tokens using one of the available faucets:
Try using Faucet 1, 2, 3, 4, or 5, some may be temporarily unavailable due to high traffic.

Your MON testnet allocation depends on your eligibility:

• Users with the “Full Access” role in the Monad Discord will receive 5 MON.
• Wallets holding at least 0.01 ETH on Ethereum Mainnet with at least one outgoing transaction will get 2 MON.
• All other users will receive 0.05 MON.

Scroll down and purchase all 3 available tokens on the platform.

Backpack – Exchange & Wallet Ecosystem

Backpack is both a self-custody wallet and a centralized exchange platform with close ties to the Solana ecosystem. 

In 2025, the project ran a points-based airdrop campaign rewarding users who traded on the Backpack exchange, used the wallet to mint NFTs, and engaged with the project on Zealy. The project’s UX focus and tight integration with xNFTs make it one of the most promising community-focused platforms. Early users of the wallet and exchange are widely expected to receive token allocations once TGE occurs.

1. Visit the platform and sign up for a new account – or simply log in if you already have one

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2. Connect and fund your wallet using either the Solana or Ethereum network.
3. Begin trading on both the Spot and Futures markets. The higher your trading volume, the better your rewards! Be sure to trade regularly each week to maintain active user status.

Read more: Why Backpack Airdrop Worth $5000?

Towns – Web3 Communication Protocol

Towns is building a decentralized communication layer for online communities. Combining elements of Telegram, Discord, and Farcaster, Towns emphasizes encryption, governance, and ownership of digital spaces. 

In 2025, the project launched a community participation campaign, inviting early users to host conversations, submit feature proposals, and test the platform’s core messaging tools. These activities were tracked via a dedicated Zealy board, and a TGE-linked airdrop is expected to reward top contributors.

1. (Optional but recommended) Add funds to your wallet on the Base network — doing so can significantly boost your chances of receiving an airdrop.
2. Click on the beaver icon to start farming points. Note that a small transaction fee will apply.
3. Keep engaging with Towns by following the steps outlined in our guide for maximum rewards.

Learn more: Towns Airdrop Guide: SocialFi Project Backed by a16z

MegaETH – Ethereum at High Speed

MegaETH is an ultra-fast Ethereum-compatible Layer 2 rollup designed for institutional-grade throughput. With execution speeds in the millisecond range and full EVM compatibility, the project is attracting top-tier DeFi developers. 

MegaETH launched a major points campaign in early 2025, encouraging interaction with testnet dApps, faucet usage, and validator participation. No token has been officially launched, but the incentive structure strongly hints at a future airdrop for early participants.

Start by visiting the website, claiming test tokens from the faucet, and browsing the projects within the MegaETH ecosystem listed below.

1. GTE: Follow the steps provided in the guide to complete the required actions.
2. Teko: Access the Teko platform, connect your wallet, mint all available test tokens, then try depositing and borrowing them. (Note: the site may experience occasional bugs.)
3. Cap: Mint cUSD test tokens on the Cap platform – you can repeat this process multiple times if needed.

Read more: MegaETH Airdrop Guide: Earn the Exclusive Airdrop Distribution

Where to Find New Airdrop Opportunities

Keeping track of upcoming crypto airdrops can be overwhelming, but tools like CryptoRank, CoinMarketCap, and airdrop-focused Discord servers simplify discovery and filtering. To stay ahead in hunting the best free crypto airdrop, it’s essential to monitor trusted platforms, social channels, and aggregator sites. These platforms curate crypto airdrops based on task complexity, user reputation, and on-chain engagement.

To stay ahead in hunting the best free crypto airdrop, it’s essential to monitor trusted platforms, social channels, and aggregator sites. Social media remains one of the most powerful tools for discovering fresh airdrop campaigns. Twitter (now X) is particularly useful, especially when following project founders, crypto VCs, and airdrop-centric accounts. Use hashtags like #airdrop, #testnet, #points, and #airdropseason to monitor the latest opportunities in real-time.

Additionally, Discord and Telegram groups are hubs for community-driven updates. Many projects announce snapshots or participation criteria first in their official servers. Subscribing to project newsletters or following them on Mirror, Medium, or Farcaster also provides early insights that can give you an edge over other hunters.

Platforms like Zealy, Galxe, and Guild.xyz are frequently used to manage user tasks and track engagement. Airdrop aggregator sites such as CryptoRank, Airdrop.io, and CoinMarketCap Airdrops also provide continuously updated databases with eligibility criteria, timelines, and rewards.

Tools for Tracking Airdrops in Real-Time (Bots & Newsletters)

With the surge of airdrop activity in 2025, staying updated in real time is critical. Several tools and communities now help users track airdrops the moment they’re announced.

Telegram & Discord Bots:

• Airdrop Inspector: Alerts on new token campaigns, including eligibility criteria.
• DropTrack Bot: Aggregates updates from Galxe, Zealy, and CoinMarketCap Airdrop pages.
• AlphaDrops Feed: Monitors announcements from project founders and Layer 2 networks.

Newsletters & Web Platforms:

• CryptoRank “DropHunting” Feed: Real-time dashboard with active airdrop campaigns.
• Airdrop.io & Earnifi: Curated newsletters that send eligible wallet alerts straight to your inbox.
• X (formerly Twitter) lists and Spaces focused on “airdrop season”.

For serious hunters, combining bot alerts with curated newsletters ensures no opportunity is missed. Bookmark key aggregators and check them daily.

How to Maximize Airdrop Earnings

Maximizing your earnings from airdrops means knowing which airdrops to chase. Airdrops with clear rules often reward effort, while surprise retroactive airdrops might favor historical activity. Be on the lookout for early-stage airdrops across DeFi, NFTs, and testnets.

To increase eligibility across crypto airdrops, it’s smart to maintain active and verifiable social media accounts linked to your crypto wallet. Participating in campaigns that use Zealy or Galxe often involves social media interactions, such as sharing content, tagging friends, or joining project-specific groups.

With many upcoming airdrops scheduled across multiple networks, it’s important to develop a systematic approach. These airdrops often involve governance participation, or social engagement, and missing early activity windows can mean missing out entirely. With so many scheduled across multiple networks, it’s important to develop a systematic approach. These often involve governance participation, or social engagement and missing early activity windows can mean missing out entirely.

Maximizing your benefits from crypto airdrops involves strategic activity. Engage early in testnets, build reputation on Zealy or Galxe, and interact across DeFi and NFT protocols. Many of the most valuable crypto airdrops reward sustained participation across ecosystems.

Succeeding in airdrop hunting, especially when targeting the best free crypto airdrop campaigns, requires consistency and strategy. Start by using a dedicated crypto wallet that separates airdrop activity from your main funds to reduce the risk of phishing or accidental token loss. Label this wallet clearly and use it across Zealy, Galxe, and testnets to build a public, verifiable identity.

Interacting early with testnets, minting NFTs, or providing feedback in governance forums often places users in the top eligibility tiers. Projects typically track metrics like age, bridge usage, voting activity, and interaction with protocol features. Tools such as DegenScore or Layer3 profiles can serve as portfolios of your past contributions, increasing your visibility for retroactive drops.

Lastly, avoid Sybil behavior. Creating multiple wallets might seem like a shortcut, but most projects now deploy anti-Sybil detection and may exclude suspicious participants. It’s better to focus on authentic engagement across a few high-quality protocols than spread too thin across low-potential campaigns.

Top 10 Largest Airdrop Rewards

As the airdrop meta continues to evolve, 2025 has already witnessed several massive airdrop campaigns with billion-dollar valuations. Below are five of the most high-profile airdrops based on reported distribution values:

Hyperliquid (HYPE) – $10.8B

The Hyper Foundation gave 31 million HYPE tokens in November 2024 to early adopters of its decentralized perpetual exchange. While the tokens were initially valued at $1.6B, the total market cap quickly ballooned to over $10.8B, making this one of the most lucrative airdrops in crypto history.

Pi Network (PI) – $12.6B

A groundbreaking example of mobile-based mining, Pi Network distributed over 6.3 billion PI tokens to its global user base. With its initial listing price hovering around $2, the total value of the airdrop reached $12.6 billion, making it the largest in crypto history.

Uniswap (UNI) – $6.43B

Often credited with kicking off the “airdrop meta,” Uniswap granted 400 UNI to each eligible wallet that had interacted with its protocol prior to September 2020. At its all-time high of $42.88, the airdrop was worth over $6.4 billion in total.

Starknet (STRK) – $3.09B

As one of the largest Layer 2 token launches, Starknet’s airdrop in February 2024 rewarded over 1.3 million wallets, including Ethereum users and long-term stakers. At peak valuation, the STRK airdrop exceeded $3 billion in distributed value.

dYdX (DYDX) – $2.00B

As a decentralized perpetuals exchange, dYdX rewarded early users with DYDX tokens based on historical trading activity. With token unlocks spread over several years and a peak price of $26.80, the airdrop reached an estimated total value of $2 billion, setting a benchmark for DeFi protocol incentives.

Pudgy Penguins (PENGU) – $1.15B

A surprise success story, Pengu’s community-driven airdrop allocated over $1.15B in tokens to early users and ecosystem contributors, cementing its place among 2025’s top airdrops.

Wormhole (W) – $896M

One of the most anticipated airdrops in the cross-chain space, Wormhole distributed nearly $900M to users who had interacted with its bridging infrastructure.

Jupiter Exchange (JUP) – $891M

As Solana’s leading DEX aggregator, Jupiter’s airdrop recognized early traders and liquidity providers, rewarding them with over $891M in JUP tokens.

Dogs (DOGS) – 400B tokens for 42M users

DOGS is a memecoin built on The Open Network (TON) and deeply integrated into Telegram through its native mini-app, DOGS Bot. In one of the largest airdrop events to date, DOGS gave 400 billion tokens to over 42 million Telegram users.

Distribution was based on account age and engagement levels within Telegram, making it a highly inclusive campaign. The token was subsequently listed on major CEX including Binance, OKX, Bybit, and Bitget on August 26, 2024.

One-Wallet vs Multi-Wallet Strategy: Pros and Cons

One of the most debated topics among airdrop hunters is whether to use a single wallet or manage multiple wallets for claiming airdrops. Each approach has its own benefits and risks, depending on how projects design their Sybil resistance systems.

One-Wallet Strategy

• Pros: Easier to manage, stronger on-chain identity, builds long-term reputation (e.g. DegenScore, Layer3).
• Cons: Lower total exposure per airdrop campaign, higher risk of disqualification if the single wallet is flagged.

Multi-Wallet Strategy

• Pros: Increases chances of receiving larger total rewards across accounts; mitigates risk if one wallet is missed.
• Cons: More time-consuming; higher chance of being flagged as Sybil; requires strong operational discipline to keep active and unique.

Most serious airdrop participants choose a hybrid model, focusing on one “main” wallet for reputation while maintaining 1–2 backup wallets for diversification. The key is to stay within realistic boundaries and avoid triggering anti-Sybil heuristics.

Risks and Red Flags

Be wary of fake campaigns that prompt signature requests via unofficial social media profiles or impersonate project teams. Always confirm airdrop announcements on verified social media platforms and compare links to the project’s official website or GitHub.

While participating in the best free crypto airdrop opportunities can be lucrative, they’re not without risks. Scams are prevalent, and malicious actors often use fake airdrop links or phishing tactics to steal user funds. Never share your private key or seed phrase under any circumstances, and be wary of connecting your wallet to unknown dApps that prompt signature requests.

It’s also important to verify announcements from official sources only. Many scammers impersonate project teams on Twitter and Discord. Always double-check links using tools like Chainlist.org (for networks) or ensure smart contracts are verified on block explorers. Use browser extensions like Wallet Guard or Revoke.cash to monitor and manage smart contract approvals.

Some fake airdrops require up-front payments or “gas fee” deposits, these are red flags. A legitimate airdrop will never ask for money in advance. Stay vigilant and use trusted communities like r/airdrop, BanklessDAO, or Layer3 to share warnings and validate campaigns before engaging.

Conclusion: The Golden Era of Airdrops

Crypto airdrops are no longer fringe, they are fundamental. Expect more airdrops in 2025 than any previous year, with some users qualifying for multiple airdrops just by holding tokens or using dApps. These airdrops could be small or massive, but they’re everywhere.

Whether you’re exploring testnets or staking through liquid restaking protocols, crypto airdrops remain one of the most efficient ways to earn free tokens in 2025. Platforms increasingly prioritize active wallets and contributors when designing their crypto airdrops, so participation is key. 2025 is shaping up to be one of the most active and rewarding years for airdrop participants. As blockchain technology matures and new protocols compete for adoption, early users and testers are being compensated handsomely for their time and trust.

By staying proactive, informed, and security-conscious, you can position yourself to benefit from multiple campaigns. Focus on long-term engagement rather than quick wins—protocols tend to reward genuine, consistent contributors. Whether you’re minting on Zealy, staking on testnet, or running a light node, your time could translate into meaningful token allocations.

Stay curious, stay cautious, and keep your eyes open for the best free crypto airdrop campaigns still to come. With hundreds of blockchain projects exploring airdrop models, identifying the best free crypto airdrop in 2025 may be your key to early financial upside. The next big airdrop could be just one testnet away.

Read more: Top 5 Best Airdrop Farming Projects on Solana (Part 1)

The post Best Free Crypto Airdrop 2025: Optimize Airdrop Potential appeared first on NFT Evening.

The good news is that we can cut the chase for you! Did you know that Binance recently announced enlisting the 69th project on its Launchpool platform, Space and Time (SXT)? So, what is this blockchain for ZK proven data, and what does it have in store for you, a crypto investor?

This guide will explore the intricacies surrounding the Space and Time Web3 digital asset to help you understand how to acquire the SXT Token and how you can participate in the opportunity.                       

What is Space and Time (SXT)?

Space and Time is a decentralized digital asset platform designed to deliver trustless decentralized data processing to enterprises, SQL for smart contracts, and LLMs. The SXT token uses a sub second ZK coprocessor to scale zero-knowledge proofs on decentralized data warehouses to deliver its mandate of distributing data to different nodes instead of a central location.

The Space and Time project integrates indexed blockchain data from major chains with Offchain datasets to enable developers to create data-driven applications. The platform uses Proof of SQL, a sub second ZK coprocessor that offers enterprise grade security privacy for tamperproof computations at scale. This confirms that query results are not manipulated and can be trusted, especially by leading financial institutions, enterprises, and pre built Web3 APIs. The project uses the proof of time and space consensus mechanism (PoST) to validate transactions.

With the project for blockchain for ZK proven data, users can experience a new level of smart contract operations that integrate on-chain and off-chain data. This will offer the digital world a dynamic economy in which superior verified blockchain data is used on-chain applications offering fresh possibilities.

Key Features of Space and Time

Space and Time deals with several failures of existing Web3 infrastructure through the following features:  

• Trustless Data Processing: Using the Proof of SQL protocol, Space and Time can guarantee the integrity of underlying data and the steps to compute answers to ensure they happen accurately and provide cryptographic proof.
• A bridge between On-chain and Off-chain Data: The platform uses smart contracts to access different blockchains and any traditional service database data warehouse for query results.
• Familiar Developer Experience: Using standard SQL by developers makes it easy for them to create data-driven applications without trying to reinvent the wheel by learning new programming languages.
• Scalable Performance: Time and Space introduces low-latency proof generation, ideal for indexing service database data for institutional-level applications. It delivers query results made against million-row tables in less than 3 seconds. 

How Does Space and Time Work? Its Network Architecture

Space and Time is designed as a dual-layer network comprising a Validator Layer and a Data Warehouse. The two layers work together to create a trustless blockchain data secured platform that facilitates safe and easy interactivity against on-chain and sensitive private offchain data.

Validator

The Validator layer facilitates communication between the network’s databases and computer clusters within the database warehouse. Database node operators control the network clusters in a permissionless mode besides controlling their connectivity, availability, and usability within the database’s cluster. In addition to verifying the tasks performed by each cluster, the Validator controls the flow of ZK proven data and queries between users and data warehouse clusters. The roles of the Validator within the ecosystem include:      

• Routing: The Validator links data driven questions and transactions with the decentralized warehouse network by automatically directing the natural language prompts using data to the appropriate warehouse instance.
• Streaming: It can use the ZK coprocessor and deliver query streams of user data into the network to easily merge with stored data.
• Consensus: It helps maintain data integrity by applying Byzantine fault tolerance at entry and exit points, safeguarding data from errors or malicious activity.
• Query Proofing: Performs query proofing to guarantee tamperproof SQL queries by calculating user inquiry results to generate cryptographic proofs and ZK proven answer next block as integrity proof.
• Table Anchoring: It facilitates a cyclical self-audit process called table anchoring that guarantees proof of storage by updating a Merkle tree every Time fresh data is added to the platform.

Data Warehouse        

The data warehouse, on the other hand, operates as the central cog of the platform, running on a decentralized hybrid transactional/analytical processing (HTAP) engine. The warehouse enables trustless, scalable, and efficient performance for all participating data sets. It is made up of different network clusters operating in a trustless manner. The clusters communicate with different warehouse and API servers when prompted by the Validator via the commanding endpoints to deliver query results onchain by performing the following functions:

• Data Saving: They obtain and save data by scaling data warehouse and API servers to infinite ledgers and major chains like Ethereum ZKsync Bitcoin Polygon and others.
• Data Transportation: They move data from one cluster to another.
• Data Storage: They store saved data securely in the warehouse.
• Data Transformation: They clean and aggregate data from multiple sources including others like Ethereum zksync Bitcoin and make them compatible with each other.
• Data Serving: They make the data functional and accessible to the network by creating data warehouse and API.         

Proof of SQL

Space and Time is a decentralized platform that uses the popular SQL data query language to facilitate the building of a user-friendly experience between the client sending the query (Verifier) and the database service (Prover). The primary feature in this case is the concept of commitment that the Verifier guarantees to ensure data integrity by giving the data it sends back a digital fingerprint representing the data in the table.

• Data Ingestion: Once a user submits data for inclusion in the database, it must pass through the Verifier, which generates a commitment with sufficient information to protect it against any form of tampering. Once the commitment is established, the Verifier submits that data for storage and retains the commitment for future reference.
• Query Request: Any time a client or a service requests a query, the Verifier sends the request to the Prover, who analyzes the query, calculates the result, generates proof, and sends the result to the Verifier that maintains the commitment. Finally, the Verifier verifies the results against the request.   

Blockchain Indexing

The platform is designed to scout data from any major blockchain indexing service database and decode it by indexing service database data and writing it to relational databases using the following process:

• Generate data from the blockchain: Space and Time uses RPC calls to query blockchain nodes for real-time and historical data.
• Extract data from blockchains: The platform extracts relevant data from any blockchain indexing service database networks and avails it for queries.
• Come to consensus: The network uses the BFT consensus to process service database data warehouse to validate data before loading it to eliminate the need for additional third-party validation.
• Ingest data into the warehouse: After a consensus is reached, the platform inserts processed data into the warehouse, from where it can be queried. 

SXT Tokenomics

Space and Time announced the tokenomics and smart contract details for its native asset, the SXT token. According to the company, the total token supply and maximum supply are capped at 5 billion tokens, with an initial circulating supply of 1.4 billion tokens, 28% of the entire token supply.

An additional 125 million SXT tokens are allocated to the SXT Launchpool or 2.5% of the maximum token supply. Moreover, another 25 million tokens will be assigned to marketing activities later when spot trading gets listed, while an additional 50 million SXT tokens will go to marketing services six months after the spot trading listing has taken place. According to the company, the SXT token will be issued on Ethereum’s Mainnet and Binance Smart Chain. The Space and Time crypto token (SXT) is being via Binance Launchpool under the following specifications:

• Total Token Supply: 5,000,000,000 SXT
• Max Token Supply: 5,000,000,000 SXT
• Launchpool Token Rewards (2.5%): 125,000,000 SXT
• Initial Circulating after listing (28%): 1,400,000,000 SXT
• Marketing allocations: 25,000,000 SXT initially + 50,000,000 SXT tokens after six months

Use Cases of Space and Time (SXT)

The Space and Time network architecture is designed to enable smart contracts through the sub-second ZK Coprocessor to query onchain and Offchain data using a zero-knowledge coprocessor. This will work for a variety of use cases, such as the following:

DeFi Enhancements

Developers can build a Web3 credit score system by merging real-world user credit scores with onchain transactions for DeFi platforms. The platform has the potential to facilitate accurate risk assessment within the DeFi lending ecosystem by enabling DeFi platforms to make data-driven decisions, leading to less liquidation.

Moreover, smart contracts can interrogate SXT when processing real-time data to help adjust interest rates and make DeFi platforms more responsive to real-time market conditions. Additionally, SXT will enable smart contracts to access data from multiple blockchains, enhancing cross-chain interoperability.

Web3 Infrastructure

SXT can guarantee data integrity and traceability by providing a secure and verifiable database. By allowing the running of verifiable computations on data, the platform ensures that the results are accurate and verifiable. The verified data can be used to train large language models (LLMs) on provable datasets and ensure that the models are neutral and unbiased.

Gaming and NFTs

Developers can use SXT to build fair and transparent gaming economies, using its verifiable and secure data infrastructure to store and manage gaming data. This can be done by analyzing on-chain and offchain data transactions generated using in-game analytics or community to enable developers to gain more information on in-game activities.

SXT Token

The Space and Time Web3 token (SXT) is an Ethereum-based utility token that serves various functions within the Space and Time data warehouse ecosystem. Among the prominent features of the SXT token are securing the network via staking, facilitating protocol-level payments, incentivizing data providers, and enabling governance participation. The key features of the SXT Token include:   

• Network Security and Validation: Validators will use SXT to secure the network and guarantee its integrity. They can stake SXT and earn network fees for their contribution.
• Data Provider Incentives: Space and Time network will use the SXT token to reward users who publish high-quality data, incentivizing the creation and sharing of high-grade datasets.
• Protocol-Level Payments: As the native token of the Time and Space ecosystem, the SXT token will be used to pay for inserting data, querying data, and performing any verifiable computation.  
• Governance: Users holding STX tokens can participate in the network’s governance and vote for protocol, upgrades, ecosystem expansion, or feature development.
• Utility for the Stox Ecosystem: STX is also the native currency within the Stox prediction market ecosystem. Users can stake STX by predicting events and earn rewards if their predictions are accurate.

Space and Time (SXT) on Binance Launchpool

Space and Time is the 69th project on the Binance Launchpool platform. The launch allows Binance users to participate in the SXT Launchpool and earn SXT tokens by staking existing crypto assets.  Users can lock their BNB, USDC, and FDUSD to receive SXT airdrops over 2 days, with farming slated to begin from 2025-05-06 00:00 (UTC) while trading is set to start at 2025-05-08 13:00 (UTC) by creating a distribution model that allows interested users to acquire tokens without buying them which looks like a win-win situation for the project and the crypto holders.  

For more information, check out Space and Time (SXT) Listing Details on Binance.

How to Participate in the SXT Launchpool on Binance

Step 1: Update Your Binance App: You need to update your Binance App to version 2.89.0 or higher to access the latest Launchpool features and ensure a smooth yield farming experience.

Step 2: Prepare Your Eligible Assets: The reward process of the SXT Launchpool currently supports three digital assets for farming, namely:

• BNB (85%) – 106,250,000 SXT
• FDUSD (5%) – 6,250,000 SXT
• USDC (10% – 12,500,000 SXT

Step 3: Log in to the STX Launchpool Page: If you’re using the Binance app, navigate to the “Earn” section or go to the “More” drop-down if you’re using the website. Go to the menu options, select “Launchpool,” and find the Space and Time (SXT) project card.

Step 4: Lock Your Assets: Choose the pool you want to participate in between BNB, FDUSD, or USDC, and enter the number of digital assets you wish to lock in the pool. Click “Lock” to confirm your participation. Users can participate in different pools simultaneously, but they can only lock each token in one pool at a time.

Step 5: Monitor and Claim Rewards: Farming starts on May 6, 2025, at 00:00 (UTC), and earned rewards accumulate hourly. You can claim your rewards anytime by clicking the “Claim” button.

Step 6: Prepare for Trading: Once the farming period ends on May 7, 2025, at 23:59 (UTC), the SXT token will be listed for trading, which opens on Binance on May 8, 2025, at 13:00 (UTC). Initially, trading involves SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY trading pairs.

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Final Verdict: Is Space and Time a Good Investment?

The choice by Space and Time network to debut at the Binance Launchpool and its imminent listing on cryptocurrency exchange Binance highlights an important milestone for the project. The move gives the project a chance to experience massive exposure and distribution while giving Binance users the privilege of earning SXT tokens while participating in crypto staking.

Since the farming period is relatively short, users who act fast to stake their assets can earn extra tokens. Whether you’re going to farm or you’ll be waiting for the initial listing, the launch of the Space and Time Web3 token presents an exciting opportunity for every Web3 enthusiast.

Blending the best of a Web3 decentralized data warehouse and the best of on-chain and off-chain data, the launch is bound to transform the way developers and users employ decentralized apps to handle data, offering an exciting opportunity for any investor who believes in the power of Web3 technologies and their related digital tokens.

FAQs

What is the SXT chain?

The SXT Chain is a blockchain network owned by Space and Time for ZK-proven data. The platform operates as a decentralized database that collects data from on-chain and off-chain sources. The platform is designed to secure data using its ZK coprocessor to make it tamperproof.                                                        

What is Proof of Space and Time in crypto?  

Proof of Space and Time (PoST) is a consensus mechanism in cryptocurrencies that verifies whether network participants have stored a specified amount of data and maintained it onchain for a specific period. The consensus is via “farming,” a process that enables participants to generate a proof of space (plotting) before they can respond to network challenges.

Why invest in Space and Time (SXT)?

Since SXT is a decentralized digital currency that no government or financial institution controls, it becomes a perfect alternative to fiat currency. While investing and trading SXT tokens involves a level of risk, they offer an exciting opportunity for anyone not afraid of charting untested ground for potential profits.

The post What is Space and Time (SXT)? The Web3 Decentralized Data Warehouse appeared first on NFT Evening.

About Monad

Monad is a high-performance Layer 1 blockchain designed to solve persistent issues around scalability, transaction speed, and compatibility within the Ethereum ecosystem. With the goal of maximizing throughput while preserving a developer experience similar to the Ethereum Virtual Machine (EVM), Monad is emerging as a strong contender alongside other high-speed blockchains like Solana and Sui.

In April 2024, Monad announced it had successfully raised $225 million across Seed and Series A rounds, with participation from top-tier investment firms such as Paradigm, Electric Capital, Coinbase Ventures, Lemniscap, Placeholder, and several other prominent names in the industry.

From a technical standpoint, Monad is designed to support up to 10,000 transactions per second, with sub-second latency and near-instant finality. The chain retains full compatibility with the Ethereum Virtual Machine (EVM), enabling developers to deploy Solidity smart contracts seamlessly.

Backed by a robust technological foundation and substantial financial resources, Monad is widely expected to become a leading Layer 1 blockchain once it launches its mainnet.

Read more: Monad Airdrop Guide: the Easiest Way to Unlock your Reward

How to Check Wallet Score on Monad Testnet

To begin, visit the Repute platform here. The community primarily recommends this site to track wallet metrics on the Monad Testnet.

Once there, connect your testnet wallet, typically the same wallet you’ve used for interacting with the Monad testnet. After a short moment, the system will display detailed insights into your wallet’s performance and interaction history.

If you’re unable to log into Repute, you can use an alternative tool: CryptoWalletsx. This platform provides a comprehensive leaderboard of wallets that have interacted with Monad’s testnet, allowing you to compare your wallet’s relative performance against others in the ecosystem.

Key Metrics to Pay Attention To

While the overall score mainly serves as an indicator, specific behavioral metrics often shape how projects assess your contribution and interaction on the Monad Testnet.

• Active Days: The more days your wallet is active, the more you demonstrate consistent engagement, not just one-off interactions.
• Active Weeks: Make sure your wallet shows activity across multiple weeks, especially as the mainnet approaches, since projects closely track user behavior during this period.
• Active Months: If you started interacting from the early stages of the testnet, you clearly show long-term commitment and strengthen your chances of receiving future rewards.
• Number of Smart Contracts Interacted With: This is one of the most critical metrics. To improve your standing, aim to interact with at least 100 different contracts, showing broad and deep usage of the testnet.

Tips to Improve Your Score

To optimize your testnet farming performance and increase your chances of receiving a Monad airdrop, consider the following strategies: Stay active daily and make sure you don’t skip any weeks throughout the testnet period. Consistent interaction helps build a stable activity pattern tied to your wallet, an important factor when assessing genuine users.

Actively explore and engage with a variety of dApps in the Monad ecosystem. Each new dApp offers your wallet the opportunity to interact with a different smart contract, which boosts one of the most important metrics: number of contracts interacted with.

Prioritize meaningful on-chain actions, such as token transfers, staking tokens, participating in governance votes, minting NFTs…  Avoid sending random or low-value transactions just to “spam” activity. High-quality interactions demonstrate genuine user engagement, showing that you’re actively contributing to the ecosystem rather than merely chasing metrics for potential airdrop rewards.

MON Faucet Guide and Testnet Token Management

To ensure smooth participation on the Monad Testnet, users should make sure their wallets have enough testnet tokens ($MON). Requesting tokens regularly via the faucet not only ensures sufficient gas for dApp interactions but also reflects genuine on-chain engagement.

You can access the official Monad faucet here.

On the faucet page, connect your testnet wallet. Verify your Discord account and X account. Linking both social media accounts will increase your credibility and improve your chances of successfully claiming testnet tokens.

In some cases, if you already hold a significant amount of $MON and are unable to claim more from the faucet, you can use this tool to wrap MON into WMON. 

Wrapping your tokens allows you to bypass faucet limits and continue using MON across various dApps in the Monad Testnet ecosystem without interruption.

Read more: Check Your 1 Million Nads NFT Airdrop on Monad

The post Check Your Wallet Score on Monad Testnet appeared first on NFT Evening.

This guide will explain how Bitcoin ATMs work, how to use them to buy and sell Bitcoin, their fees, and whether using one is a good crypto investment strategy.

What Is a Bitcoin ATM (BTM)?

A Bitcoin ATM, also known as a Bitcoin Teller Machine (BTM), is a physical electronic kiosk that allows you to conduct crypto-based transactions, especially using Bitcoin. Unlike traditional ATMs that connect to your bank account, a Bitcoin automated teller machine is directly connected to online cryptocurrency exchanges through blockchain technology. There are two categories of these BTM physical kiosks, namely:

• One-way (Unidirectional) ATMs – users can only buy Bitcoin.
• Two-way (Bi-directional) ATMs: Users can buy or sell Bitcoin.

Source: Bitcoinist

To use them efficiently, you need to understand their functionality:

• They’re primarily located in public spaces like airports, convenience stores, or shopping malls.
• You must have a cryptocurrency wallet to receive the BTC you buy.
• Some BTMs allow users to sell Bitcoin for fiat currency.
• Transactions are executed in a matter of minutes.
• Transaction fees can vary significantly based on the amounts.

Benefits of Bitcoin ATMs

One of the main benefits of BTMs is that they allow users to bypass traditional banking systems and use cash or debit bank cards to execute seamless cryptocurrency transactions, such as depositing cash or buying Bitcoin and other digital assets.  If you’re asking yourself are Bitcoin ATMs anonymous, the answer is they offer a level of anonymity since you don’t have to provide personal information every time you transact. Other benefits include:    

• Fast transactions compared to traditional cryptocurrency exchanges
• They’re accessible even to unbanked people.
• Users can transact in fiat currency if they prefer that.
• The Bitcoin teller machine displays real-time exchange rates for transparency.

Risks and Limitations of Bitcoin ATMs

With all the benefits associated with Bitcoin ATMs, there are a few downsides you need to be aware of. One of the most significant challenges is the fact that most of the ATMs don’t support every type of cryptocurrency, thereby limiting the options you may have. Other limitations include:

• Relatively high transaction fees.
• ATMs are only available in a few countries and urban areas and are almost nonexistent in rural areas.
• Some BTMs don’t support other cryptocurrencies.
• Technical issues could arise and affect transaction execution.
• Daily withdrawal limits could restrict the size of transactions.

A brief history of Bitcoin ATMs

The first Bitcoin teller machine was mounted in a coffee shop in Vancouver, Canada, on October 29, 2013, and soon after that, Bitcoin ATMs spread throughout North America and Europe. The BTM demonstrated to the world that it was possible to easily and conveniently convert BTC to cash and back again and opened the way to making cryptocurrencies public.

While the initial adopters were mostly tech-savvy individuals and crypto enthusiasts, the machines are now a part of ordinary people’s everyday financial lives. There has recently been a global expansion of Bitcoin ATM installations, with machines now available in over 70 countries. Most BTMs are available in the USA, followed by Canada and Europe. By the time of writing, there were at least 38,000 Bitcoin ATMs globally, according to Statista.             

How Do Bitcoin ATMs Work?

If you’re trying to figure out how to use a Bitcoin ATM, you may be surprised by its straightforward operations despite using advanced technologies to facilitate transactions. Once you insert physical cash, the machine will convert it into BTC and send it to your digital wallet. You can compare the BTM to a vending crypto machine acting as a bridge between Bitcoin and cash.

How to use Bitcoin ATM        

Using a Bitcoin automated teller machine is a straightforward experience as long as you follow the simple prompts given by the machine. The most crucial factor is to ensure you have a crypto wallet installed on your mobile device, as this is where your purchased Bitcoin will be sent. The following are the steps to follow:

• Digital Wallet: Ensure you have a crypto wallet to store your Bitcoin once you complete the transaction at the ATM.
• QR Code: Scan the QR Code from your Bitcoin wallet app to connect it to the financial transaction.
• Transaction: Insert cash into the BTM and choose the amount of BTC you want to buy or sell. If you intend to sell Bitcoin, enter the amount you’re selling (Ensure you locate a two-way Bitcoin ATM to be able to sell crypto for traditional currency.) 
• Blockchain: The ATM processes the transaction on the blockchain.
• Receive Bitcoin/Cash: The crypto you bought is sent to your digital wallet, or you receive traditional currency if you sell Bitcoin. You could receive an email confirmation for the transaction.

Bitcoin ATM Regulatory Requirements

As the proliferation of Bitcoin ATMs continues worldwide, it’s good to note that there are different regulations for using them depending on the jurisdiction. Governments everywhere want to guarantee users’ safety and have established rules promoting Bitcoin adoption and consumer safety. While it may be challenging to develop strict cybersecurity measures, most countries have established anti-money laundering (AML) and know-your-customer (KYC) laws regarding their installation and use.  

Before using a Bitcoin teller machine, you need to understand the relevant regulations, so you use only those operators that promote safety in addition to innovation. Moreover, different countries and states may have different rules for operating Bitcoin ATMs. Learn the applicable regulations so you can adhere to them before you use them. You are better off using the cryptocurrency legality map to know where you will likely find an ATM.

Bitcoin ATM Fees

Compared to traditional ATMs or even buying or selling cryptocurrencies online, Bitcoin ATMs could be relatively expensive. The typical transaction fees are between 4% and 25% per transaction, depending on the number of machines involved. Some BTMs may charge an extra fee, known as network or variable miner fees, to process your transaction on the blockchain. If you’re trying to buy a large amount of crypto, compare the fees with a cryptocurrency exchange and see if you could save some.

How to Find a Bitcoin ATM by Locations 

Once you’ve learned how Bitcoin ATMs work, your next task could be finding a Bitcoin teller machine near you. The best resource in this regard is a website like Coin ATM Radar, which enables you to locate a nearby Bitcoin ATM based on your location. The website provides most details, including the cryptocurrencies supported and the transaction types you can execute.

Source: Coin ATM Radar

Here is the simple steps to find a Bitcoin ATM near you:

• Visit Website: Login to Coin ATM Radar and enter your city or address.
• Filter your search: You can filter your search results by digital asset type, such as Bitcoin, USDT, etc., whether you’re buying or selling, and the preferred ATM provider.
• Locate the ATM: Review the provided map to find a BTM nearest to your location.

Bitcoin ATM Scams

Criminals are increasingly using Bitcoin ATMs to trick unsuspecting individuals into using BTMs to transfer funds to them by pretending to be running genuine investments. Cybercriminals especially target senior citizens via emails, phone calls, or social media to convince users to deposit money into Bitcoin ATMs. The criminals mostly instruct victims to scan a wallet’s QR code or enter their wallet address, directing them to the attacker’s account.

Examples of Bitcoin ATM scams include:   

• Impersonation: Attackers pretend to be law enforcement officers, government officials, or utility company staff and demand payment in cryptocurrency.  
• Bogus Investment Opportunities: Scammers lure unsuspecting users with nonexistent investment opportunities promising high returns, asking victims to deposit funds through Bitcoin ATMs.

How to Avoid Bitcoin ATM Scams

• Be cautious with unsolicited offers: Never trust any offer from a stranger promising investment opportunities and quick riches.
• Verify legitimacy: Don’t proceed with any transaction you doubt; never send money to wallet addresses and QR codes from unfamiliar sources.
• Avoid urgency: Never allow anyone to pressure you with false claims of limited-time offers.
• Report suspicious activity: Report any suspicious activity to law enforcement.

The Bottom Line

Using a Bitcoin teller machine is a user-friendly way to execute crypto-based transactions. By understanding how Bitcoin ATMs work, you can easily, confidently, and conveniently buy, sell, and send BTC. Note that you could learn how to use Bitcoin ATMs with more advanced features as time progresses. Whether you’re a novice or an experienced crypto user, using the resources in this guide will help you make the best automated Bitcoin teller machine.  

FAQs   

Can I get cash from a Bitcoin ATM?

Bitcoin ATMs provide a modernized way of interacting with cryptocurrencies so that they are accessible in the most practical way. Since they function just like regular ATMs but are designed for crypto transactions, you can convert your Bitcoin holdings and withdraw them in cash in just a few minutes.

How much does a Bitcoin ATM charge for $500?

Bitcoin ATMs charge between 5% and 25% per transaction and a network of between $1 and $3.  If you do a transaction of $500, it could cost you between $40 and $100 depending on factors like location, time, and the Bitcoin ATM operators.

How much does a Bitcoin ATM charge per $1000?     

According to Bitcoin Vault, a Bitcoin transaction of $1,000 will cost you roughly $80 to $200 in fees. However, ATMs may charge lower fees, potentially as low as 4% to 20%.                       

Can I send $10,000 through a Bitcoin ATM?    

Yes, sending $10,000 or even higher via a BTM is possible, but in most cases, you’ll need to provide identity verification for any large transactions. Depending on the ATM provider, this could be a government-issued ID or any other personal information that specific ATM providers may require.

Are Bitcoin ATMs safe?

Bitcoin BTMs are safe to use because they employ encryption and other forms of identity verification to facilitate transactions. However, care must be taken because of the prevalence of fraudsters who trick users with deceptive tricks, such as investment scams and romance scams.

The post Bitcoin ATMs: How Do They Work and How to Use Them? appeared first on NFT Evening.

Instead, what is called “XRP staking” is typically a platform-based program where users lock XRP, and the platform uses it for lending, liquidity pools, or other financial activities, sharing profits as rewards.

This guide will cover what XRP staking is, whether XRP supports traditional staking, how to earn passive income with your XRP tokens, and the best practices to earn high rewards on XRP.

What Is XRP Staking?

XRP staking refers to locking up XRP tokens to earn rewards or interest. XRP staking is not native to the XRP Ledger (XRPL) as it uses the Ripple Protocol Consensus Algorithm (RPCA), which relies on a network of trusted validators rather than staking or mining.

As a result, what is often marketed as “XRP staking” typically involves lending XRP to centralized platforms, such as cryptocurrency exchanges or DeFi services, or participating in liquidity pools. These platforms use the deposited XRP for activities like lending to borrowers or providing liquidity, and you receive interest or rewards in return. So, XRP staking, in this context, is a way to generate passive income without contributing directly to the XRPL’s operations.

Can You Stake XRP?

No, XRP cannot be staked in the traditional sense due to the XRPL’s consensus mechanism, which does not support PoS. However, users can use alternative methods to earn rewards on their XRP holdings.

The popular centralized exchanges like Binance, Nexo, or Kraken offer programs often labeled as “XRP staking,” but these are essentially interest-bearing accounts or lending services. You have to deposit XRP, and then the platform lends it to borrowers or uses it for liquidity, and shares earn profits with you as rewards. Some DeFi platforms also allow XRP holders to contribute to liquidity pools or yield farming, which can generate returns.

Does XRP Support Traditional Staking?

No, XRP does not support traditional staking because the XRP Ledger does not operate on a proof-of-stake consensus mechanism. 

“Traditional staking involves locking tokens to validate transactions and secure a blockchain, as seen in networks like Ethereum or Solana.”

The XRPL, however, uses the Ripple Protocol Consensus Algorithm (RPCA). Here, a set of trusted validators is selected from a Unique Node List (UNL), which confirms transactions without requiring staking or mining. This design mainly prioritizes speed, efficiency, and low transaction costs, and hence eliminates the need for token staking to maintain network security.

XRP Staking vs. XRP Lending: What’s the Difference?

Traditional crypto staking involves locking up cryptocurrency to support a network’s operations, such as validating transactions, and earning rewards in return. But there is no traditional XRP staking method. 

XRP lending involves providing your XRP to borrowers through various platforms. In return, you earn interest payments. This method allows you to generate passive income from your XRP holdings.

Here is a quick comparison between XRP staking and XRP lending:

Benefits of Lending XRP

Here are some key benefits of lending XRP:

• Passive Income Generation: Lending XRP on platforms like Nexo, Binance, or EarnPark offers interest rates typically ranging from 5% to 12% APY. This provides a steady income stream without active trading.
• Flexible Terms: Many platforms offer flexible lending options, allowing users to withdraw XRP at any time with lower interest rates.
• Low Entry Barriers: Lending XRP requires minimal technical knowledge compared to trading or DeFi yield farming.
• Diversification of Investment: Lending XRP diversifies an investor’s portfolio by generating returns independent of market price movements. Even in bearish markets, interest payments provide consistent income.
• Support for Financial Services: By lending XRP, users enable platforms to facilitate trading, margin loans, or liquidity provision, indirectly supporting the crypto ecosystem.
• Global Accessibility: XRP lending is available on centralized exchanges and DeFi platforms worldwide, allowing users from various regions to participate.

Challenges of Lending XRP

Of course, lending XRP offers benefits, but it also involves significant challenges that users must consider. Below are some key risks or challenges:

• Platform Risk: Centralized platforms like Binance or Nexo face risks of insolvency, hacks, or mismanagement. Historical incidents, such as exchange bankruptcies, highlight the potential for loss of lent XRP if the platform fails.
• Borrower Default Risk: If borrowers fail to repay loans, platforms may struggle to pay interest or return principal. While some platforms use collateral, falling collateral values during market downturns can lead to losses.
• Regulatory Uncertainty: Cryptocurrency lending faces varying regulations globally. Changes in laws, such as restrictions on crypto lending in certain jurisdictions, could limit access or impose penalties.
• Counterparty Risk in DeFi: Decentralized lending platforms, while non-custodial, rely on smart contracts that may contain vulnerabilities. Bugs or exploits could lead to loss of lent XRP, and users must trust the protocol’s security.

Where to stake XRP? Best Exchange to stake XRP

You can stake XRP on popular crypto staking platforms, such as Binance, Kraken, and Bybit. These platforms offer different options and interest rates.

1. Binance XRP Staking

Binance lets you stake XRP using its Simple Earn feature. It offers a 0.64% APY with a flexible term, and your principal stays safe. You can also use Dual Investment, which offers higher returns between 3.7% to 128.74%, but it comes with higher risk. In Dual Investment, your earnings depend on market price changes, so you may not always get XRP back. It suits advanced users who understand price risks.

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2. Kraken XRP Staking

Kraken offers a competitive interest rate of 1% APY for staking XRP. It’s a simple and safe option. Kraken is known for strong security and user-friendly design. It’s a good choice if you want steady, low-risk earnings. You can unstake anytime without a long lock-up period.

3. Bybit XRP Staking

Bybit offers 0.70% APY on XRP staking. It is also flexible, so you can withdraw at any time. The platform is easy to use and has no complex rules. Bybit is ideal if you want a simple and low-risk staking experience. It’s good for short-term holders.

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How to Stake XRP (Ripple)?

To stake XRP (Ripple), you need to follow a few simple steps. Here, we will be showing you how to stake XRP on the Binance exchange. You can use any exchange of your choice, the steps are mostly the same. 

Step 1: Create an Account and Complete KYC

First, you need to register for an account on a crypto exchange that has XRP staking available. Some of the most reliable platforms or popular XRP staking platforms are Binance, Kraken, and Bybit. Visit the website of the exchange you prefer. Begin the sign-up process by providing your email address and coming up with a password. 

Once you’ve signed up for your account, you need to undergo the KYC process. KYC stands for “Know Your Customer,” and it is necessary to confirm your identity. You will have to upload a valid identification, like a passport or driver’s license. Some exchanges will also request a selfie or proof of residence. This is necessary for security purposes and adhering to legal regulations. When your identity has been confirmed, your account will be active.

Step 2: Deposit XRP or Buy XRP

Next, you will need to deposit XRP into your account. If you currently have XRP in some other Ripple wallet, then you can simply transfer it into the exchange. 

Visit your exchange wallet and go to “Deposit”. Take note of the address and use that in your other wallet to deposit the XRP. Double-check the address to be sure when sending.

In case you do not have any XRP, you can just purchase it within the exchange directly. Navigate to the trading platform, select a trading pair such as XRP/USDT, and purchase it. After your XRP has been deposited in your wallet, you are prepared for the final step.

Step 3: Stake XRP Tokens

Finally, you can stake your XRP to collect rewards. Navigate to the earning or staking section of the platform. For Binance, you can employ the “Simple Earn” tool. It is flexible staking with a limited APY, but it keeps your principal safe. 

Select XRP from the list of assets and pick the staking plan. Approve the amount you wish to stake and go through the process. Your XRP will be locked or reserved under the staking service on the platform. As a reward, you will get daily rewards directly into your wallet.

Alternative Ways to Earn Rewards Without Staking XRP

Since the XRP Ledger (XRPL) does not support traditional staking due to its Ripple Protocol Consensus Algorithm (RPCA), you can obviously explore alternative methods to earn rewards on your XRP holdings.

1. Staking Other Cryptocurrencies

Staking other cryptocurrencies means locking up tokens in proof-of-stake (PoS) blockchains to help secure the network and earn rewards. Unlike XRP, which does not support staking, coins like Ethereum, Solana, or Cardano let you stake tokens to validate transactions. 

You can exchange your XRP for these assets on the best crypto exchanges like Binance, Bybit, MEXC, Coinbase, then stake them on services such as Binance, Kraken, Lido, or wallets like MetaMask. For instance, Ethereum staking through Lido offers around 3–4% annual returns. Rewards come in the staked cryptocurrency, and lock-up periods vary. This option works well if you’re open to diversifying beyond XRP to earn steady income while supporting blockchain networks.

2. Liquidity Provisions: Provide XRP for Trading Rewards

Liquidity provision involves depositing your XRP into liquidity pools to support trading and earn rewards. On DEXs, you can pair your XRP tokens with another asset, like USDT, in a pool and earn a share of trading fees—usually 0.1–0.3% per trade. 

Centralized platforms like Binance also have liquidity programs where your XRP supports trading pairs, with rewards paid in XRP or other tokens. This method suits you if you’re comfortable with DeFi and want higher returns by actively participating in markets.

3. Wrapped XRP (wXRP) 

Wrapped XRP (wXRP) is a version of XRP made for use on other blockchains, like Ethereum, where regular XRP cannot operate. 

You can mainly create wXRP by locking your XRP in a custodial contract, which issues an equal amount of wXRP (1:1 value You can stake wXRP on platforms like Flare to earn rewards, such as Flare’s native token (FLR), with annual returns of about 2–5%. 

You can also use wXRP in DeFi protocols for lending or liquidity pools to earn more. Remember, converting XRP to wXRP involves bridging services like Wanchain, which charge fees and carry risks from the custodian.

4. XRP Lending

XRP lending means giving your XRP to platforms that lend it to borrowers, who pay interest that you partly receive. As discussed above, centralized platforms like Nexo, Binance, and EarnPark offer XRP lending with annual returns of 5–12%.

You have to deposit your XRP, which is lent to traders or institutions, with options for flexible withdrawals or fixed terms, like 30 days. Decentralized platforms like Aave also support XRP lending via smart contracts, though options are fewer. Also, lending is generally simple, but it needs little technical know-how.

5. Yield Farming with XRP

Yield farming involves using your XRP in DeFi protocols to earn high returns through strategies like liquidity provision, lending, or staking in reward pools. For example, an XRP/USDT pool might pay trading fees plus extra tokens. Yield farming requires active effort, like reinvesting rewards or switching pools to boost returns.

Best Practices for Earning Interest With XRP

1. Select Top Staking Platforms: You must choose established platforms that have a sound reputation for reliability and security. Centralized platforms, such as Nexo or Binance, are secure, with millions of users. For decentralized finance (DeFi), protocols like PancakeSwap or Aave should be used, having been audited for the security of smart contracts. 
2. Understand Risks Involved: Before investing your XRP, spend some time understanding risks such as platform insolvency, borrower default, or market volatility. For instance, centralized platforms are susceptible to hacks, whereas DeFi pools are exposed to impermanent loss. Study the platform’s insurance policies or collateral mechanisms. Understanding these risks assists you in determining how much XRP to invest and whether to avail yourself of flexible or fixed plans.
3. Start Small and Diversify: If you’re new to earning interest with XRP, begin with a small amount to test the platform and process. Spread your XRP across multiple platforms or methods, like lending and yield farming, to reduce the impact of any single platform’s failure or market downturn.
4. Compare Reward Rates and Terms: The interest rates and lock-up times differ on various platforms, so compare them keenly. Binance may be offering 1% APY for non-locked lending, while EarnPark offers up to 5% for fixed lending. Look out for withdrawal fees or minimum deposits. 
5. Stay Informed About Regulations: Cryptocurrency regulations vary by country and can affect your ability to earn interest. For example, some regions have restricted crypto lending. Monitor local laws and platform compliance to avoid unexpected restrictions.
6. Secure Your Accounts and Assets: Keep your XRP safe by turning on two-factor authentication (2FA) and storing DeFi activities in secure hardware wallets. Never share your private keys or login credentials. For DeFi, only engage with smart contracts that have been verified to avoid scams. Also, if possible, withdraw your earned interest to a personal wallet regularly to minimize exposure to platform risks, keeping your funds secure.

Conclusion

In a nutshell, XRP staking is a simple way to earn passive income by holding your XRP on trusted platforms. While XRP does not use proof of stake, some exchanges like Binance, Kraken, and Bybit offer flexible staking options with small but steady rewards. 

Earning rewards with XRP offers various opportunities, even though traditional staking is not possible due to the XRP Ledger’s unique design. Methods like lending, liquidity provision, yield farming, and using wrapped XRP allow you to generate passive income, each with distinct benefits like steady returns or high yields.

FAQs

Where is the best place to stake Ripple?

Binanceis one of the best places to stake XRP. It offers flexible staking through Simple Earn with 0.64% APY. It also has a Dual Investment option that gives higher returns (3.7%–128.74%) with more risk.

Binance gives you more ways to earn based on your risk level. You can choose low-risk, flexible staking or try high-return options. The platform is easy to use and trusted by many. If you want steady earnings with safety, Simple Earn is best. If you understand risks, Dual Investment can give higher rewards.

Can you stake XRP on Ledger?

No, you cannot directly stake XRP on a Ledger wallet. Ledger Live does not support XRP staking. Ledger is a hardware wallet, mainly used for storing XRP securely offline. It supports staking for other coins like Ethereum or Tezos, but not XRP. You can hold XRP safely in Ledger, but to earn staking rewards, you must send it to an exchange that offers XRP staking like Binance, Kraken, or Bybit.

Is XRP proof of stake or proof of work?

XRP uses neither proof of stake nor proof of work. It uses a consensus protocol called the Ripple Protocol Consensus Algorithm (RPCA). In XRP’s system, validators agree on transactions through consensus rather than mining or staking. This method is faster, uses less energy, and allows quick transaction times.

Can Ripple XRP reach $50? If yes, by around what time?

It is possible, but very unlikely in the near future. XRP would need a market cap of over $2.9 trillion to reach $50. This market cap is even higher than the BTC market cap.

This price target depends on major global adoption of XRP, large institutional use, and full regulatory clarity. Current growth trends do not support such a price soon. Some long-term investors believe it could happen in 10–20 years, but this is purely speculative. No expert or official source can predict an exact time for XRP to reach $50. It’s better to focus on realistic short-term goals.

How to earn passive income from XRP?

You can earn passive income from XRP by staking it on exchanges like Binance, Bybit, or Kraken. These platforms offer flexible or fixed options for XRP staking. You deposit XRP and earn a small percentage (around 0.64% to 1% APY). You can also use other methods like liquidity mining, farming, and lending. 

The post XRP Staking Guide: How to Earn XRP Rewards in 2025 appeared first on NFT Evening.

Also, crypto exchanges in the Netherlands must comply with the Dutch Central Bank (DNB) regulations. This ensures user protection and a secure trading environment. This guide covers the best crypto exchanges in the Netherlands, key factors to consider, and how crypto tax works for Dutch traders.

List of the Best Crypto and Bitcoin Exchanges in the Netherlands

1. Bybit: Best derivatives platform in the Netherlands
2. Bitget: Best for Altcoin trading
3. MEXC: Cheapest crypto exchange in the Netherlands
4. Coinbase: Regulated Dutch trading platform
5. Kraken: Safest crypto exchange Netherlands
6. Crypto.com: Best crypto app in the Netherlands
7. OKX: Best for advanced crypto traders

Best Crypto Trading Platforms in the Netherlands – Detailed Review

1. Bybit: Best derivatives platform in the Netherlands

Bybit is our #1 choice as the best crypto exchange in the Netherlands. Launched in 2018, Bybit’s recent expansion into the Netherlands through “Bybit.nl” makes it a prime option for Dutch traders. 

In partnership with Satos, a regulated Dutch crypto service provider supervised by De Nederlandsche Bank (DNB), Bybit ensures full compliance with local laws. This collaboration allows Dutch traders to deposit and withdraw EUR easily using popular methods like iDEAL with zero fees.

Bybit offers access to over 500 trading pairs, including popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside a wide range of altcoins. It excels in derivatives trading, providing futures, perpetual swaps, and options with up to 100x leverage. The platform also features a “One-Click Buy” option for instant crypto purchases with competitive rates. Additional tools like trading bots, staking options, and a Web3 wallet are also available.

Pros of Bybit

• Bybit offers over 500 trading pairs for diverse options
• It supports euro deposits via iDEAL with no fees
• The platform provides up to 100x leverage on derivatives
• Bybit.nl complies with Dutch regulations through its Satos partnership
• Trading bots and staking add extra earning potential

Cons of Bybit

• Customer support response time may vary during peak hours
• Recently faced a $1.4B hack

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2. Bitget: Best for Altcoin trading

Bitget is another exchange that is best for crypto traders in the Netherlands due to its advanced features and user-focused services. It serves over 100 million users globally, including Dutch traders. The platform supports over 800 cryptocurrencies and more than 900 trading pairs, giving Dutch users plenty of choices like Bitcoin, Ethereum, and altcoins.

Bitget’s best feature is copy trading. This allows users to follow and copy the trades of successful traders, which is great for beginners who want to learn or earn passively. It also provides spot trading for direct buying and selling and futures trading with up to 125x leverage. 

Dutch traders can deposit and withdraw Euros for free via SEPA bank transfers. The platform’s mobile app is user-friendly, and Bitget prioritizes security with cold storage for funds, a $520 million protection fund, and regular proof-of-reserve updates. Trading fees are also low, or we can say quite competitive, starting at 0.1% for spot trades, and users get a 20% discount if they pay with Bitget’s token (BGB).

Pros of Bitget

• Offers copy trading to follow successful traders easily
• Supports over 800 cryptocurrencies for diverse trading options
• Provides free Euro deposits and withdrawals via SEPA
• Ensures security with cold storage and a protection fund
• Features a user-friendly mobile app for trading anywhere

Cons of Bitget

• Not registered with De Nederlandsche Bank for local regulation
• Limited fiat deposit and withdrawal methods

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3. MEXC: Cheapest crypto exchange in the Netherlands

MEXC is the best exchange in the Netherlands, especially for those who value privacy with its no-KYC trading feature. This global exchange, founded in 2018 and based in Seychelles, allows users to trade without mandatory Know Your Customer (KYC) verification. You can sign up with just an email and start trading right away.

MEXC offers three account tiers: unverified, primary KYC, and verified plus. For unverified users, the platform sets a withdrawal limit of 10 BTC per day, which is generous compared to many exchanges requiring full verification. The exchange supports over 2,900 cryptocurrencies and more than 3,000 trading pairs, giving Dutch traders a huge variety to choose from. MEXC provides spot trading, futures trading with up to 200x leverage, peer-to-peer (P2P) trading, and copy trading tools. It also offers earning options like staking and savings products for passive income. 

The platform keeps trading fees very low, with 0.01% maker fees and 0.04% taker fees for futures, and spot trading fees at just 0.05%. MEXC operates smoothly in the Netherlands, supporting EUR deposits via SEPA transfers and credit cards. 

Pros of MEXC

• MEXC offers no-KYC trading for privacy-focused users
• The exchange supports over 2,900 cryptocurrencies
• It provides low fees, like 0.05% for spot trading
• Users enjoy up to 200x leverage on futures
• MEXC allows 10 BTC daily withdrawals without KYC

Cons of MEXC

• MEXC lacks regulation from the Dutch Central Bank
• No-KYC trading increases money laundering risks

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4. Coinbase: Regulated Dutch trading platform

Coinbase is another top exchange that earns trust with its registration at De Nederlandsche Bank (DNB), ensuring it has followed strict Dutch regulations since its approval in 2022. The platform provides a simple way to buy and sell crypto instantly using fiat currency, like EUR.

The platform supports instant buy and sell options with fiat through methods like iDEAL. You can deposit euros for free via iDEAL and trade over 200 cryptocurrencies. Coinbase also offers SEPA transfers and card payments, making it easy to fund accounts quickly. The exchange charges a fee of 1.49% for standard buy/sell trades, which is higher than some competitors, but the convenience of instant transactions balances this cost for many.

Coinbase stands out with its clean interface and mobile app. The platform ensures security with two-factor authentication (2FA) and cold storage for 98% of funds, keeping assets safe. Dutch traders enjoy staking rewards, earning up to 5% on assets like USDC.

Pros of Coinbase

• Coinbase registers with De Nederlandsche Bank for legal compliance
• The platform supports instant buy/sell with euros via iDEAL
• Users trade over 200 cryptocurrencies quickly and easily
• The exchange offers strong security with 2FA and cold storage
• Coinbase provides staking rewards of up to 5% on assets

Cons of Coinbase

• The exchange charges 1.49% fees for standard trades
• The platform offers fewer crypto-to-crypto trading pairs
• Basic mode lacks advanced tools for experienced users

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5. Kraken: Safest crypto exchange Netherlands

Kraken is the safest platform for cryptocurrency trading in the Netherlands. Founded in 2011, this exchange has built a strong reputation for security and reliability. It holds a registration with De Nederlandsche Bank and ensures it follows Dutch regulations for anti-money laundering and customer safety. Kraken serves over 10 million users worldwide, with a significant presence in Europe, including the Netherlands.

The platform offers a wide range of features for Dutch traders. It supports over 320 cryptocurrencies, such as Bitcoin, Ethereum, and many altcoins. Kraken provides free Euro deposits via SEPA transfers and supports iDEAL payments for quick funding. The exchange also includes advanced trading tools through Kraken Pro, like margin trading with up to 5x leverage and futures trading.

For beginners, the standard interface keeps things simple and easy to use. Kraken ensures strong security with 95% of funds in cold storage, two-factor authentication (2FA), and withdrawal whitelists.

Pros of Kraken

• Offers over 320 cryptocurrencies for trading
• Supports free SEPA and iDEAL payments
• Provides strong security with cold storage
• Includes advanced tools like margin trading
• Features 24/7 customer support options

Cons of Kraken

• Charges high fees for Instant Buy, up to 3%
• Many new altcoins are not available for trading

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6. Crypto.com: Best crypto app in the Netherlands

Crypto.com is the best crypto app in the Netherlands. The exchange provides a wide range of features for users in the Netherlands. You can trade over 250 cryptocurrencies, including popular ones like Bitcoin and Ethereum. Crypto.com also offers a mobile app that makes trading simple and fast, even for beginners. 

The app includes a user-friendly design so you can buy, sell, or manage your assets with ease. For payments, the platform supports EUR deposits through SEPA transfers, which work well for Dutch bank accounts. It also offers a Crypto.com Visa card, allowing you to spend your crypto at stores with cashback rewards in crypto.

The platform uses cold storage for 98% of user funds, keeping them safe from hacks. It also adds two-factor authentication (2FA) to protect your account. For those who want to earn extra, Crypto.com provides staking options, where you can lock up certain coins to gain interest over time.

Pros of Crypto.com

• The platform supports over 250 cryptocurrencies for trading
• Users enjoy SEPA transfers for easy EUR deposits
• The Visa card offers crypto cashback rewards
• Cold storage secures 98% of user funds safely
• Staking options let users earn interest on coins

Cons of Crypto.com

• Trading fees start high for small transactions
• High fees apply for non-staked card users

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7. OKX: Best for advanced crypto traders

OKX ranks as the top Dutch crypto exchange due to its advanced features and local support. The platform launched its services in the country in June 2024, offering Dutch users a reliable and secure trading experience. 

The exchange provides access to over 350 cryptocurrencies for spot trading. It also offers more than 60 trading pairs with the Euro, making transactions smooth for Dutch users. OKX integrates with iDEAL, a widely used payment system in the Netherlands. Users can also use SEPA for deposits and withdrawals, adding flexibility. The platform charges competitive fees, with a maker fee of 0.08% and a taker fee of 0.1%, which suits active traders.

OKX goes beyond basic trading. It includes advanced options like futures trading with up to 100x leverage and margin trading for those seeking higher returns. The OKX Wallet gives users full control over their assets and connects them to DeFi and NFT services. The exchange also features a decentralized exchange (DEX) and staking options for earning passive income.

Pros of OKX

• OKX supports over 350 cryptocurrencies for trading
• The exchange offers low fees, starting at 0.08%
• It provides iDEAL for free, instant Euro deposits
• OKX includes futures trading with up to 100x leverage
• The platform has local Dutch customer support for users

Cons of OKX

• OKX does not support some smaller local payment methods
• Advanced features might confuse inexperienced crypto traders

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Best Crypto Exchanges in the Netherlands – Comparison Table

How to Choose a Crypto Exchange for Dutch Traders?

Accessibility

Accessibility is how simple it is for Dutch traders to get on the platform. The exchange must work in the Netherlands and follow rules from De Nederlandsche Bank (DNB). Some have Dutch language options, which is good if English is tough for you. See if it runs well on your phone or computer. A platform that’s hard to use or doesn’t let Dutch people join isn’t worth it.

Liquidity of Crypto Assets

Liquidity is how fast you can buy or sell crypto without price slippage. A platform with lots of traders makes trades quick and smooth. Dutch traders need this so they get the price they want. Look at the trading volume—more volume means better liquidity. A place with low activity can cost you money because trades take too long.

Customer Support

Customer support is how the platform fixes your problems. Good Support replies fast and knows what Dutch traders deal with. Some of the best crypto exchanges in the Netherlands give help all day through chat or email, which is handy for late-night trading. Try asking a question before signing up to see how quick they are. Slow or bad support can leave you waiting when you need help.

Trading Fees

Trading fees are what you pay to buy or sell crypto. Lower fees mean you keep more of your cash, especially if you trade often. For example, one platform might take 0.1% per trade, and another 1%. Look at fee details and if they drop when you trade more. High fees cut into what you earn, so find one that works for your wallet.

Payment Methods

Payment methods are how you put money in or take it out. The top preferred payment methods for Dutch traders are iDEAL or SEPA transfers, which are normal here. Some take credit cards but add extra costs. Make sure the platform uses euros (EUR) so you don’t pay to change money. If it has few ways to pay, starting or cashing out gets tricky.

Security

Security is how well the platform protects your money and details. Pick one with two-factor authentication (2FA) and most funds offline in cold storage. Dutch traders should go for exchanges tied to DNB for safety. Check if it’s been hacked before—skip ones with a bad past. Good security stops thieves from taking your crypto.

User Interface

The user interface is how the platform looks and feels when you use it. An easy layout helps you trade without getting lost, especially if you’re new. Some Netherland crypto exchanges have a simple version for new users and an advanced one for pros. Try it out—see if you can move around without trouble. A confusing setup can mess up your trades.

Reputation Amongst Dutch Traders

Reputation is what Dutch traders say about the platform. A solid one means it’s dependable and fair. Check what Dutch users say on forums or X for honest thoughts. A place with lots of gripes about delays or scams is a red flag. 

Available Cryptocurrencies

Available cryptocurrencies are the coins you can trade on the crypto exchange. Some Netherland trading platforms stick to Bitcoin and Ethereum, while others give hundreds of choices. The traders might want big names or new coins, depending on their plan. Look at the coin list.

How to Buy Crypto and Bitcoin in the Netherlands?

To purchase cryptocurrencies like Bitcoin in the Netherlands, follow these steps:

1. Select a Reputable Exchange: Choose the best cryptocurrency exchange that operates legally in the Netherlands. Ensure the platform is registered with De Nederlandsche Bank (DNB) to comply with local regulations. Examples of such exchanges include Coinbase and Bybit.
2. Create an Account: Visit the chosen exchange’s website and sign up for an account. You’ll need to provide personal information and verify your identity, typically with a valid ID and proof of address.
3. Add a Payment Method: Link a payment method to your account. Most Dutch exchanges accept bank transfers, credit/debit cards, and other local payment options. For instance, Coinbase supports bank deposits and PayPal.
4. Deposit Funds: Transfer euros into your exchange account using the linked payment method. Some platforms allow instant deposits, while others may take a few business days to process.
5. Purchase Cryptocurrency: Once your account is funded, navigate to the trading section, select the desired cryptocurrency (e.g., Bitcoin), and enter the amount you wish to buy. Review the transaction details, including any fees, before confirming the purchase.

Dutch Crypto Regulations

In the Netherlands, cryptocurrency is legal and regulated primarily under the framework of anti-money laundering (AML) and counter-terrorist financing (CTF) laws. The Dutch Central Bank (De Nederlandsche Bank, or DNB) oversees the regulation of crypto activities. 

The Netherlands has implemented the EU’s 5th Anti-Money Laundering Directive (AMLD5) through the Dutch Money Laundering and Terrorist Financing Prevention Act (Wwft). This law requires cryptocurrency service providers, such as exchanges and custodian wallet providers, to register with the DNB if they offer services in or from the Netherlands.

The Netherlands is also aligning with broader EU regulations, such as the Markets in Crypto-Assets Regulation (MiCA), which will fully take effect by late 2025. MiCA introduces licensing requirements for crypto-asset service providers (CASPs), consumer protection measures, and rules for stablecoins. 

While crypto transactions face no major restrictions, activities like borrowing and staking remain partially unregulated, though they may fall under consumer credit or investment scheme laws in specific cases.

How Is Crypto Taxed in the Netherlands?

In the Netherlands, cryptocurrency is taxed as an asset under the Dutch personal income tax system, which is divided into three categories, or “Boxes”.

Box 3: Wealth Tax for Most Crypto Investors

For most individuals, crypto holdings are taxed under Box 3 (income from savings and investments). This applies to casual investors who hold crypto as part of their personal wealth. 

The tax is calculated based on the fair market value of all assets—including crypto—on January 1 of the tax year, minus debts and a tax-free threshold of €57,684 (as of 2025). The government assumes a fictitious return (deemed yield) on this net value, which is then taxed at a flat rate of 36%.

Conclusion

In a nutshell, choosing the best crypto exchange in the Netherlands depends on your trading needs, security preferences, and available features. The most regulated exchanges, like Bybit, Crypto.com, and Coinbase, offer reliable services, while platforms such as Kraken provide advanced trading tools.

Always check whether an exchange is registered with De Nederlandsche Bank (DNB) to ensure compliance with Dutch regulations. Also, you can consider factors like fees, payment methods, and customer support before making a decision.

FAQs

Can You Trade Crypto in the Netherlands?

Yes, you can trade crypto in the Netherlands. The government allows it under strict regulations. You must use registered crypto exchanges in the Netherlands, like Bybit or Coinbase. These platforms follow Dutch laws for safety and transparency. Trading is open to all Dutch residents with verified accounts.

What Is SEPA, and How Does It Benefit Dutch Cryptocurrency Traders?

SEPA is the Single Euro Payments Area, a system for fast bank transfers across Europe. It lets Dutch traders fund crypto accounts quickly. You will pay low fees compared to other methods, and transfers are usually completed within one day.

Can I Trade Altcoins on Dutch Cryptocurrency Exchanges?

Yes, you can trade altcoins on Dutch crypto exchanges. The best platforms, like Bybit, Coinbase, and MEXC, offer many altcoin trading options. They list all popular altcoins like Ethereum, Solana, Cardano, and many more.

Is It Safe to Buy Bitcoin in the Netherlands?

Yes, it is safe to buy Bitcoin in the Netherlands. Licensed exchanges follow European Union and Dutch regulations to protect users. These platforms use strong security measures, such as two-factor authentication (2FA), cold storage, PoR data, and anti-phishing code. You should store Bitcoin in a secure wallet, which adds extra protection against cyber threats.

What Is the Best Way to Store Bitcoin in the Netherlands?

The best way to store Bitcoin in the Netherlands is to use a hardware wallet. The best cold wallets, like Ledger or Trezor, keep private keys offline, which protects your Bitcoin from hacking and online threats. If you need to trade frequently, you can use a secure software wallet with two-factor authentication. You should avoid leaving large amounts of Bitcoin on exchanges because they are vulnerable to hacking and security breaches.

Is Binance Legal in the Netherlands?

No, Binance is not legally operating in the Netherlands. The company withdrew from the Dutch market in 2023 after failing to meet the registration requirements of De Nederlandsche Bank (DNB).

The post 7 Best Crypto Exchanges in the Netherlands for 2025 appeared first on NFT Evening.

Despite the uncertainty surrounding the state of crypto in India, digital asset adoption has grown exponentially over the past decade, with individuals, especially the young and tech-savvy ones, entering the digital space in droves. With the increase in the number of traders and investors, the need for a secure crypto wallet to store digital assets becomes a priority.

This guide explores your suggestions for the best crypto wallet, considering cold and hot wallets. If you’re ready to take control of your cryptocurrencies in India, we shall give you tips on identifying the best Indian crypto wallet.

Comparison of Top 10 Crypto Wallets in India 

Best Software Wallets in India

1. Coinbase

The Coinbase app wallet is a secure, self-custody wallet designed to manage digital assets, including cryptocurrencies, NFTs, and DeFi assets. Unlike the Coinbase app, which is non-custodial, the Coinbase wallet app allows you to be fully responsible for your crypto since you manage the private keys. Some of the benefits that make it a go-to-Indian crypto wallet are:

• Self-Custody: Users completely control crypto and private keys, making you responsible for your assets’ security.
• Secure on-chain experience:  You interact with different decentralized applications (DApps) besides sending, receiving, and storing crypto and trade on decentralized exchanges.
• Wide asset support: The Coinbase wallet app supports many cryptocurrencies, including Bitcoin, Ethereum, Solana, and many more, as well as various Ethereum-compatible chains. You can also assess DeFi, collect NFTs, join DAOs, and more.
• Mobile app: The wallet is available as a browser extension and mobile app, meaning it’s accessible on your desktop or mobile device.

User Score

9.8

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2. Binance

The Binance app wallet, also called Binance Web3 wallet, is specifically designed for users who love decentralized finance (DeFi) assets. The self-custody wallet integrates with the Binance app to allow cryptocurrency holders to manage their assets while engaging in DeFi activities like earning yields or token swaps.

Among the wallet’s tangible benefits are:

• Complete Control: You control your crypto and private keys.  
• Robust security: The Binance app features keyless technology and other state-of-the-art security features.
• Convenient: You can easily access the wallet using the Binance app.
• DeFi Participation: Crypto owners can engage in DeFi activities, including token swapping and yield farming.
• 24/7 Customer Support: Users of the Binance Web3 wallets have access to Binance customer support.

User Score

10

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3. WazirX

WazirX app is the best cryptocurrency wallet in India without KYC for holding and trading cryptocurrencies, and it is available for Android and iPhone. The wallet supports at least 250 different types of digital assets, such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), without forgetting leading altcoins, meme coins, NFT tokens, DeFi tokens, metaverse tokens, and stablecoins. The leading benefits include: 

• Wallet Management: You can store and manage different types of digital assets.
• Trading: Users can buy, sell, store, and trade different types of cryptocurrencies.
• Security Enhancements: Following the July 2024 cyberattack, WazirX improved the security protocols of their wallet app to include a multi-signature feature for speed and more secure transactions. 
• Customer Support: Numerous customer support channels enable users to address their issues.
• User Interface: The wallet app has an easy-to-use interface for efficient asset management practice.

 4. Metamask

MetaMask is considered the best crypto wallets specially designed to handle Ethereum-based crypto assets via decentralized applications. The Metamask wallet comes either as a mobile app or browser extension, enabling you to send, receive, or store Ether (ETH) or several other ERC-20 tokens. With Metamask, you can comfortably execute transactions on the Ethereum network through different DApps.

The tangible features of Metamask include:

• Function: The Metamask wallet is considered the best gateway to the Ethereum ecosystem. It allows users to easily manage their crypto and interact with most DApps.
• Key Management: Owners can store and manage private keys, making them wholly responsible for their Ethereum accounts.
• Interactivity: With Metamask, you can interact, sign transactions, and authorize actions with different types of DApps.
• Accessibility: The app is user-friendly whether you choose the mobile app or browser extension.
• Security: Users of the Metamask wallet can generate keys and passwords directly from their devices. Moreover, no password is stored on the device, thereby enhancing security. 
• Community: The Metamask community has millions of users and developers worldwide.

5. Backpack Wallet

Backpack Wallet allows digital asset users to manage crypto tokens, DeFi assets, and NFTs. The wallet is non-custodial, meaning everything is in the control of the user, whether it is asset or private key security. Some features available with Backpack include buying, selling, bridging, and swapping tokens in addition to NFT marketplaces and DApps. Important factors to remember include: 

• Non-Custodial Wallet: As a user, you ensure the safety of your assets. 
• Multi-Chain Support: Backpack wallet supports Ethereum, Solana, Arbitrum, and Polygon blockchains.
• Exchange Features: The app works like a mini exchange, where you can buy, sell, bridge, and swap tokens while accessing DApps and NFT marketplaces.
• NFT Support: You can display, manage, list, and sell NFTs.
• Security Features: The wallets offer lock-down for NTFs, hardware wallet integration, scam detection alerts, and security audits.
• Web3 Browser: Backpack features an in-built Web3 browser that facilitates interaction with DApps.

User Score

9.5

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Best Hardware Wallets in India

 The following is a select list of the best hardware wallets in India:

1. Ledger Nano X

Ledger is among India’s most popular hardware devices for storing Bitcoin and supports over 5,000 other digital assets. The wallet’s design resembles a USB device with a chip that stores cryptocurrencies and keeps private keys away from the internet.

• Supported coins: Ledger Nano X supports Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and up to 5,500 other digital assets, including at least 100 apps. The wallets are also ideal for storing and managing NFTs
• Custodianship: Ledger Nano is a non-custodial wallet
• Main Features: Supports various systems including all Windows, Mac OS X, and Linux.

Pros

• The Bitcoin wallet is renowned for its safety record.
• It supports tokens from different blockchain networks.
• You can recover a loss if your physical device gets lost or damaged.
• User-friendly, and easy to use on the move.
• It supports crypto staking and keeps private keys offline.

Cons

• Mobile app unavailable for iOS gadgets
• Ledger Nano X lacks the convenience of web wallets.

 2. Trezor Model T

This Trezor Model is a popular hardware wallet for securing your digital assets and private keys offline. The device features an interactive touchscreen for executing operations and accepting transactions. The wallet is easily compatible with third-party wallets like Exodus and Metamask. Trezor Medal T is a non-custodial company that supports cryptocurrencies such as BTC, ETH, XRP, LTC, etc.

• A password-less hardware wallet that unlocks via touchscreen
• Enables cryptocurrency staking
• The wallet offers an advanced backup system to restore PINs.

Pros

• The wallet supports over 9,000 digital assets.
• Trezor Model T is compatible with USB-C systems.
• Easy install, use, and operate.
• Offers state-of-the-art security features.
• Features an easy-to-use touchscreen interface.

Cons

• Doesn’t support iOS mobile systems.
• Navigation is only through the touchscreen.

3. Trezor Model One

The Trezor Model One hardware wallet is the best cryptocurrency wallet in India without KYC, and it is designed explicitly for beginners. Unlike the other Trezor models, Model One is a non-custodial wallet designed for beginners with features similar to Model T but without the staking capabilities. This wallet is accessible through a backup phrase and a PIN that helps keep your digital assets secure. If your device gets lost or damaged, you can use a recovery phrase to restore your assets when you purchase a new device.

Here are some of its key features:

• Supports all popular cryptocurrencies like ETH, XRP, BCH, and at least 5,000 others
• Trezor Model One aligns with the Trezor mobile app suite.

Pros

• An entry-level best Bitcoin wallet in India that’s designed for newbies.
• It has an easy-to-use interface that allows users to buy, sell, and swap crypto.
• Features Trezor’s flawless security record.
• The built-in Trezor suite facilitates seamless crypto asset buying, selling, and exchanging.

Cons

• Supports a limited number of layer-1 blockchains
• Navigation is only through buttons since the wallet doesn’t have a touchscreen, which makes it inconvenient.

4. SafePal S1

This wallet is among the best crypto wallets in India without KYC. The non-custodial hardware wallet helps you maximize the security of your digital assets, such as crypto and NFTs. The wallets focus on decentralization, a key tenet of blockchain and crypto technologies. The device employs an EAL5+ robust element that guards its contents from potential threats. The result is peace of mind for users as they are protected hackers who use random number generators to create private keys. Among the supported cryptocurrencies are BTC, ETH, POL, SOL, and DOGE.

The main features of this wallet include:

• Over 100 blockchains supported
• Safepal S1 features an anti-tamper self-destructing mechanism.
• Safepal offers an air-gapped security mechanism that is best suited for storing crypto assets offline securely.

Pros

• Easy to manage and use
• Users can verify transactions using QR codes.
• Allows yield farming and crypto staking opportunities.

Cons

• Doesn’t support government-issued money..
• The screen size is relatively small.

5. Cypherock X1

The wallet is considered the best crypto hardware wallet in India because of its unique feature of decentralized storing users’ private keys,giving it a competitive edge over other wallets. The device combines four distinct wallets, meaning you can create four separate wallets using a single device. That means you can use one account for your cryptocurrencies, another for NFTs, etc., for easier management of digital assets.  The most popular supported coins include BTC, ETH, USDT, BNB, CHAIN, etc.

• With Cypherock X1, you no longer have to worry about security risks linked to using seed phrases.
• The hardware wallet is appraised by Keylabs, an organization that pinpointed susceptibilities with market leaders such as Ledger, Trezor and others. .
• Cypherock X1 uses a unique cryptographic technique called Shamir secret-sharing that splits private keys into five parts.

Pros

• Supports over 8,000 digital assets.
• The wallet uses 3FA, via the device, an inbuilt X1 card, and the PIN.
• Features NFTs and DeFi capabilities through WalletConnect.
• Cypherock X1 is BIP39 compatible.

Cons

• A slightly larger screen would have been better.
• The device is incompatible with any other wallets

Best Bitcoin Wallets in India

When looking for the best crypto wallet in India, you want to remember that cryptocurrency wallets are categorized into two types – cold wallets and hot wallets, with cold Bitcoin wallets being offline while hot ones are online. Since they are not connected to the internet, cold wallets are considered relatively safer than hot wallets. While hot wallets may be vulnerable to cyberattacks, they’re mostly free and convenient for everyday use. No one will give you a cold wallet for free.

The better way to choose the best Bitcoin wallet in India, therefore, would be to ask yourself:

• Hot or cold? Choose a cold wallet if you intend to HODL your assets or a cold wallet if you plan to do day trading.
• How secure is it? Learn about the underlying technology to be sure your private keys are safe and well protected.
• Privacy: Ask yourself if the wallet offers anonymity or if you must reveal too much personal information to execute a transaction.
• Price: Hot wallets are free, but cold wallets, which are hardware devices, require a fee. Choose carefully based on the amount of crypto you own.
• User-friendliness: Choose an user-friendly wallet that may need some external support.

The leading Bitcoin wallets in India include: 

1. Coinbase Wallet: The Coinbase wallet supports over 500 tokens, including all the top assets like Bitcoin. This free app features robust security, mobile and browser-based connections, and DApps integration.
2. Exodus: Exodus offers a suite of software tools, including mobile and desktop apps that enable easy buying, selling, and storing of Bitcoin and other cryptocurrencies. The wallet offers hot-to-cold wallet integration and features a solid library of content for beginners.
3. Guarda: This free-to-use, all-purpose crypto wallet supports over 300 cryptocurrencies, including Bitcoin. In addition to supporting cold wallet integration, Guarda supports staking programs.
4. WazirX App Wallet: The WazirX App wallet supports many top cryptocurrencies and offers an advanced suite of security features. The app facilitates crypto trading through advanced trading tools, a user-friendly interface, and fast KYC processing.

How to Choose the Best Crypto Wallet in India

To guarantee the security of your cryptocurrencies and their suitability and ease of use, there are a few things you need to look for to locate the best Indian Bitcoin wallet. The most important things to look for in a reliable crypto wallet include:

A User-friendly Interface

Some crypto apps can be challenging to navigate, especially for those who are just beginning their crypto journey. Choosing a crypto wallet that’s easy to navigate is advisable, especially if it has a simplistic user interface with easy-to-follow instructions.

Supported Crypto Assets

As you begin your investment journey, select a wallet you may use to access more than one crypto asset. Select one that supports multiple crypto assets so you don’t have to look for several devices.

Security Measures

Your wallet will store important private keys that give access to your crypto assets; you must, therefore, employ strict measures to keep them safe. Consider an Indian crypto wallet that uses two-factor authentication (2FA) for an account or supports multi-signature for your asset’s security and peace of mind.

Check Product Reviews

Online reviews can be a good and convenient source of information about any product or service. Before deciding on what you believe is the best cryptocurrency wallet in India, take your time to read through expert and customer reviews from trusted online forums. 

Control of Private Keys

Always ensure that you have total control of your private keys and that no other third parties are involved.

Device Compatibility

Your best crypto wallet in India is one that works well with desktop PCs, mobile devices, or both. Note that some crypto wallets are designed to be platform-specific, while others can access multiple platforms.

What is a Crypto Wallet?

A crypto wallet is a digital tool, either software or hardware, which securely stores crypto private and public keys, allowing users to access and manage their digital assets. It is an important interface that enables you to interact with the blockchain where cryptocurrencies exist so you can send and receive crypto assets or manage your balance.

Unlike your traditional fiat currency wallets, crypto wallets don’t store cryptocurrencies! They store public keys, which are passphrases that prove ownership of crypto tokens, and just like the PIN you enter before you can get money using your bank card, they give you access to your funds. 

• Private Keys: They act like a password to your cryptocurrency and enable you to control your funds. They are kept secure within your crypto wallet.
• Public Keys: The blockchain’s digital address enables you to receive cryptocurrency.

What is a Software Wallet?

A software wallet, also known as a hot wallet, is a software program that can be installed on a digital device like a desktop, laptop, tablet, or smartphone. Depending on which device you use it from, a digital wallet can be classified as a desktop, mobile, or web wallet. Software wallets are mainly categorized based on how they store or manage cryptographic keys.

Software wallets are called hot wallets because they are online and connect directly with cryptocurrency exchanges. They are also classified as custodial or non-custodial. Custodial wallets have third parties managing crypto assets on behalf of the user, while for non-custodial, you’re totally in control of your digital assets.  

What is a Hardware Wallet?

Hardware crypto wallets are tangible pieces of equipment used to store the private keys needed to access and transact with cryptocurrencies. Also known as cold wallets, they mostly resemble USB sticks and are designed to save digital assets offline. While hardware wallets are safe from hackers since they’re not connected to the internet, users must store them safely to prevent physical damage or loss.

Some popular hardware wallets are designed to integrate with software wallets and convert hot storage into cold storage. For example, the Exodus wallet can seamlessly integrate with the Trezor cold wallet. Another form of cold wallet is a paper wallet, where information about your private keys is printed on paper.

How to Create a Crypto Wallet in India

If you want the best crypto wallet in India to trade and manage your digital assets, you must learn the simple steps to creating a software crypto wallet.

Here’s how it works.

Step 1: Choose a software wallet app

The first step involves selecting a software wallet from a reliable provider among the many options available in the market. Conduct thorough research before making a final selection, considering the unique features you’re interested in.

Step 2: Download the wallet app to your device

Download the crypto wallet app to your computer, tablet, or phone. Always ensure you get the wallet from a wallet provider’s official website or genuine app store to avoid downloading malicious software alongside the app.

Step 3: Create an account

Fill in the basic information required to create an account. This may include information like your name and email address, while others may ask for additional information like selfies and government-issued IDs for verification. Finish by creating a strong password.

Step 4: Transfer your assets

Since you have installed your wallet app and set up an account, it’s time to transfer your cryptocurrencies into it. Some ways of transferring assets to your wallet include receiving them from another wallet, depositing funds from your bank account, or using a cryptocurrency exchange. You need to obtain the wallet address to fund your wallet or use it to send crypto to others.  

 For further information, read our step-by-step guide on How to Get a Crypto Wallet.

How Do I Keep My Crypto Wallet Safe?

As cryptocurrencies become more popular, cybercriminals become more active and can target even the best cryptocurrency wallet in India. However, don’t let this scare you because you can improve your crypto wallet security with just a few simple steps.

• Use a password manager: The most secure passwords are about 16 characters long and have unique characters. Consider using a password manager like Dashlane or 1Password to create and remember one.
• Use 2-factor authentication (2FA): Use the strongest 2FA available from platforms like Yubikey, DUO Security, Google Authenticator, or similar hardware security keys.
• Don’t make yourself a target: Just like you can’t advertise inheriting a fortune, don’t brag about your crypto holdings on social media.
• Don’t fall for tricks: Beware of hackers who pose as tech support and ask for your account credentials, such as PINs, 2FA codes, or remote access to your computer.
• Check the URL: Scammers can create fake websites resembling genuine exchanges and use them to steal your account information. Always double-check web addresses before inputting your credentials or logging into your account.

 Top Cryptocurrency Apps and Exchanges in India

Below is an exclusive list of the best apps and exchanges Indian crypto investors can use to buy and sell crypto from anywhere or monitor their digital asset portfolios.

1. Binance App India: Binance, the world’s largest crypto exchange by trade volume, operates in India and has a mobile app dedicated to Indian crypto investors. The app has numerous features, including the ability to buy crypto using rupees, transfer USDT to INR, or use other payment methods like PayTM or UPI.
2. WazirX App India: WazirX remains a popular crypto trading platform in India and has an easy-to-use app. The app is available for Android, iOS, Google Play, Mac, and Windows systems and facilitates trading, viewing, buying, and selling crypto. WazirX is considered the fastest Indian-focused app with a great user experience.
3. Coinbase App India: The US-based crypto exchange has operations in India and runs a mobile app considered easy-to-use, offering a seamless experience, especially for beginners. The app enables users to stay updated on market information with regular news, price alerts, and learning opportunities.  
4. Kraken App India: Kraken crypto exchange has an app dedicated to the Indian market. It is intuitively designed with user-friendly tools to facilitate trading, managing, and sending crypto assets. The firm also has the Kraken Pro app, specifically designed for expert traders who need more advanced features like crypto options, etc.
5. ZebPay App India: Popular Indian crypto exchange ZebPay offers a trading app with a clean user interface. The ZebPay app enables users to make payments on the Bitcoin Lightning Network. The app has enhanced safety features and sends trading alerts and the best trade pairs to help users make informed purchase decisions.
6. CoinDCX: CoinDCX, the crypto exchange that claims to have over 4 million Indian users, operates a seamless, easy-to-use, and versatile crypto trading app. The app supports over 200 crypto assets and emphasizes security. Moreover, CoinDCX is backed by leading investors like Coinbase Ventures, BainCapital Ventures, and BitMex.

Conclusion

With the growing trend of cryptocurrency adoption, the demand for the best Bitcoin wallet in India has grown manifold. Since there are many options, we have listed the most reliable ones. 

Every time you open a new Indian crypto wallet, remember to back up your recovery phrase, as it remains the master key that unlocks your crypto wallet. Misplacing it can mean you lose everything you could have worked for very hard.

Keep your recovery or seed phrase secure to prevent it from falling into the wrong hands. Otherwise, your account could be wiped out in seconds.

FAQs

Which crypto wallet is most used in India?   

Due to the evolving crypto landscape and different usage options by different market segments, it may be difficult to define a definitive crypto wallet as the most used one in India. However, Indian users mention Binance, WazirX, CoinDCX, and Ledger Nano S Plus as the most popular wallets.

What is the most trusted wallet for crypto? 

According to most users, MetaMask is trusted everywhere because of its user-friendly interface. It is especially popular among users interested in experimenting with NFTs, DeFi protocols, and other Web3 and Ethereum-based crypto products.

Which platform is safe for crypto in India?

CoinDCX has a reputation as a leading cryptocurrency exchange in India and an incredible safety record. Its market valuation of $1.1 billion as of March 2025 reflects its significant standing in the cryptocurrency marketplace.              

Which is India’s No. 1 crypto app?     

India’s CoinDCX crypto trading app is considered the market leader. It offers a user-friendly interface, 24/7 access, and robust security features. In addition to providing real-time updates, the app supports over 500 cryptos and is designed for beginners and experienced traders.  

Is CoinDCX legal in India?      

Yes, CoinDCX is legal in India and registered as a “Reporting Entity” with the Financial Intelligence Unit (FIU).  

Which Bitcoin app does India use?  

Different Bitcoin apps in India are popular with Bitcoin traders. However, the most popular ones are CoinSwitch, CoinDCX, WazirX, ZebPay, and Mudrex often cited as India’s most popular Bitcoin trading platforms.

The post 10 Best Crypto Wallets in India for 2025 appeared first on NFT Evening.

Dive into this article to learn more about what StakeStone is, its unique features, mission, and benefits, as well as the STO Token.

StakeStone Overview

StakeStone represents a pioneering protocol in the realm of omnichain liquidity that aims to improve staking processes and increase capital efficiency across the DeFi landscape. StakeStone provides users with an array of options, enabling them to stake different tokens, such as STONE and SBTC, according to their asset preferences, offering adaptability within its ecosystem.

When engaging in ETH staking, participants have the liberty to choose from a suite of assets, including STONE and SBTC, for enhanced customization of their staking endeavors.

A significant aspect contributing to StakeStone’s distinction is its developer-friendly hub, which nurtures collaborative efforts among coders. This collective space actively supports developers in crafting yield-bearing assets utilizing APIs alongside smart contracts—thereby driving innovation while broadening the scope for constructing additional yield-generating instruments within the protocol.

Source: StakeStone

The degree of confidence vested in this system can be measured through both funding milestones achieved as well as sizable metrics representing committed funds held under lock and key within its framework.

As reported by Cryptofundraising sources, a striking $23M has been secured via various investment drives led notably by YZI Labs, Polychain Capital, and OKX Ventures, exhibiting steadfast investor conviction behind StakeStone’s potential.

StakeStone has partnered with 100+ different units

Insightful data extracted from Dune Analytics underscores that there exists approximately $532 million cemented into Total Value Locked (TVL) status inside the comprehensive confines offered by Stakestone. This figure serves not just as a testament but also reinforces the concretely established trustworthiness patronized amongst members constituting DeFi networks at large.

Learn more: Binance Lists StakeStone (STO) on HODLer Airdrops!

StakeStone’s Mission and Vision

StakeStone is dedicated to transforming the way liquidity is distributed within the Decosystem with an eye towards efficiency and sustainability. The initiative focuses on unleashing the untapped potential of liquid assets to foster seamless and efficient capital movement throughout various ecosystems. Central to this objective is StakeStone’s native $STO token, which underpins their omnichain liquidity infrastructure and empowers its governance framework.

With a two-year track record of refining its omnichain liquidity solutions, StakeStone demonstrates unwavering innovation, shaping a flexible staking network tailored for the dynamic requirements of the DeFi sector. Liquidity providers who engage with StakeStone can enhance their returns by committing veSTO tokens, thus intertwining their rewards with the protocol’s enduring prosperity.

Positioning itself as both effective and accessible, stakestone strives to establish a cutting-edge yet inclusive landscape for managing liquidity. Through harnessing advanced technologies alongside collective input from stakeholders within its community-driven design ethos, it stands poised as an influential force intent on redefining participation in decentralized finance environments while amplifying overall access to liquid assets across multiple spaces.

The Benefits of Using StakeStone

Utilizing StakeStone comes with the key advantage of providing liquid, yield-bearing forms of ETH and BTC referred to as STONE tokens. These tokens enable users to generate returns while retaining their assets’ liquidity, thereby increasing capital efficiency. As a result, users can ensure that their stone assets remain fluid for various endeavors without forfeiting the opportunity to gain compelling yields.

StakeStone enhances how liquidity is dispersed across different blockchain ecosystems by dynamically channeling funds where they are most needed. This omnichain strategy promotes optimal return on investments through improved yield generation capabilities. The protocol’s straightforward interface makes staking accessible even for novices in the field, offering flexibility in withdrawals and real-time monitoring of one’s earnings, all contributing to an effortless asset management process.

With its adaptive staking network, StakeStone streamlines earning potential from yields right from the initiation steps. Its user-friendly design guides people easily through all the steps of staking, making the process simple and effective—this allows quick access to appealing yield opportunities and real-time tracking features, keeping participants engaged by letting them monitor their investment results continuously.

In essence, utilizing stakestone transcends mere profit-earning advantages. It provides a complete resource aimed at improving liquidity strategies while also enhancing capital efficiency and encouraging active user involvement—a significant tool for those looking to engage effectively in DeFi areas.

StakeStone Key Features

StakeStone simplifies the complex challenges of liquidity management and user acquisition that protocols and chains often face. By leveraging liquid assets, these blockchain ecosystems can more easily bootstrap liquidity and attract users, creating a more organic, robust, and sustainable environment for growth. The streamlined process reduces barriers to entry for new projects and helps established protocols maintain a steady flow of liquidity, ensuring the stability and efficiency of the ecosystem.

To fully understand StakeStone’s capabilities, we will delve into its key features in more detail. These include:

• Security and stability measures
• The role of STONE tokens
• STONE pools
• Smart yield optimization strategies
• Cross-chain liquidity management

Each of these features contributes to StakeStone’s mission of creating an adaptive staking network that maximizes returns and enhances liquidity distribution.

Security and Stability Measures

In the realm of DeFi protocols, maintaining robust security and stability is critical, which holds true for StakeStone as well. The platform safeguards its users’ interests through a non-custodial setup that’s fully transparent, thereby granting users full command over their staked assets. This approach to self-custody without required permissions hands back control to the users, diminishing potential risks tied to centralization.

To strengthen this sense of security even more, recognized entities like Secure3 and Veridise conduct thorough audits on StakeStone. These examinations ensure that the platform’s security measures are up to standard, offering an extra layer of confidence for its user base. Through such initiatives, StakeStone fosters a secure and steady landscape where individuals can confidently stake their assets in pursuit of yields.

STONE Tokens: The Core Asset

The utilization of STONE tokens, which serve as evidence for staked ETH, is central to the StakeStone ecosystem. This allows participants within the protocol to monitor their investment progress effectively. In contrast to conventional tokens, smart contracts govern and incrementally augment the value of STONE tokens over time, bestowing a distinctive financial advantage on those who possess them.

Despite maintaining a constant token count, the cumulative value of STONE tokens escalates—this feature renders them particularly appealing for individuals focused on long-term investment strategies. For holders seeking to optimize their potential returns, engagement in STONE-Fi pools or committing LP tokens to secure enhanced rewards presents opportunities to Amplify their income prospects within this dynamic ecosystem.

STONE Pools

STONE-Fi serves as a specialized marketplace for the application layer, designed to streamline the distribution of liquid assets across different ecosystems and protocols. This system is tailored to ensure that liquidity is directed where it’s needed most by bridging distinctions between native liquidity within diverse environments. Stakestone is important for fostering growth by aligning the rewards for those who provide liquidity with different protocols and ecosystems.

By staking ETH on this platform, individuals can obtain STONE tokens, which offer them opportunities to maximize their earnings through participation in one of many STONE-Fi pools. Because of its omnichain feature, users can easily move their liquid assets across different chains, put these assets into various Liquidity Provider mining pools, and make the most of their investment in STONE.

The user-friendly dashboard provided by STONE-Fi gives investors clear visibility into all aspects related to providing liquidity, including tracking rewards and Annual Percentage Yield (APY). It also presents an organized venue for exploring new prospects and understanding upcoming launch conditions thoroughly.

StakeStone’s STONE-Fi

Smart Yield Optimization Strategies

StakeStone utilizes intelligent strategies for optimizing yield to enhance the generation of returns by dynamically redistributing assets into multiple high-yield prospects. It crafts these methods not only to optimize yield creation but also to enhance the secure returns users can achieve across various platforms through the restaking technique.

Taking StETH as an example, it can be restaked in EigenLayer or directed towards alternative strategic pools in pursuit of superior returns. This flexible methodology guarantees that users have access to prime market opportunities, providing them a pathway to bolster their investment outcomes.

Cross-Chain Liquidity Management

StakeStone leverages cutting-edge technology to streamline the management of assets across various blockchain networks. Utilizing Layer Zero, the platform enables secure transactions of both assets and their prices between numerous blockchains, diminishing obstacles and preventing the splintering of liquidity. This pioneering strategy is designed to establish a standard for liquidity that applies uniformly to underlying assets, promoting an integrated and effective ecosystem.

StakeStone prioritizes capital efficiency within its omnichain liquidity distribution network, whicnetwork for distributing liquidity to diverse opportunities with substantial yield potential across multiple chains. StakeStone’s ability in cross-chain liquidity management distinguishes it within the DeFi sector as a comprehensive resource for handling liquid assets efficiently.

Tokenomics

StakeStone’s native utility and governance token, $STO, is designed to align long-term incentives across all stakeholders, including users, partners, and builders. The token supports key functionalities such as protocol governance, yield boosting, and access to bribe rewards through vote-escrowed STO (veSTO). This alignment ensures that all participants are incentivized to contribute to the protocol’s success and sustainability.

Let’s explore the specifics of $STO’s token distribution, vesting schedule, governance role, and how to buy StakeStone (STO).

Token Distribution

The total supply of $STO tokens is capped at 1,000,000,000, with distribution designed to foster long-term alignment among contributors, investors, ecosystem participants, and community stakeholders.

The token distribution is as follows:

• Community (17.87%)
• Ecosystem and Treasury (4%)
• Team (15%)
• Foundation (18.65%)
• Airdrops & Future Incentives (7.85%)
• Marketing & Partnerships (9.13%)
• Liquidity (6%)
• Investors (21.5%)

Each category in the distribution plan plays a crucial role in supporting the protocol’s growth and sustainability. For example, the Community portion ensures that they will allocate a significant share of tokens to users who actively participate in the ecosystem, while the Foundation and Team allocations support ongoing development and strategic initiatives.

The well-balanced distribution of $STO tokens ensures that all stakeholders have a vested interest in the protocol’s success, aligning their incentives with StakeStone’s mission, vision, and fairness.

Token Distribution – Source: StakeStone Documents

Token Vesting Schedule

The vesting schedule for the StakeStone token is crafted to ensure enduring commitment among various stakeholders—including contributors, investors, participants within the ecosystem, and community members—throughout every phase. To cater to different groups’ needs, a custom vesting timeline is in place that aids in maintaining the protocol’s sustainable development and encourages thoughtful expansion.

StakeStone has meticulously orchestrated these vesting schedules with the objective of regulating token distribution. This prudent approach helps shield against abrupt shifts in market dynamics while fostering consistent progress aimed at long-term stability and growth within their ecosystem.

STO Token Vesting Schedule – Source: StakeStone Documents

The Role of $STO Token in Governance

StakeStone has adopted a governance framework that employs a vote-escrowed token system to harmonize the interests of its users with those of the protocol. In Q2 2025, Stakestone aims to launch a governance DAO guided by this model, which will oversee conversion processes and facilitate voting on governance matters.

Ownership of veSTO tokens entitles holders to proportional voting power based on the amount they choose to escrow. These stakeholders have the authority to determine the distribution of emissions among various liquidity pools and vaults. They can set crucial protocol guidelines such as fees charged by the platform and influence both strategic decisions and future development trajectories for StakeStone’s ecosystem.

How to Buy StakeStone (STO)

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The process to obtain StakeStone (STO) tokens is uncomplicated and begins by selecting an exchange that lists STO. Several leading cryptocurrency exchanges, such as Binance, Bitget, KuCoin, and Gate.io, provide access to trading pairs with STO. Choose one of these platforms, register for an account, and follow through any required steps for KYC or account verification.

Following the completion of your verification step on the chosen platform, proceed to deposit funds into your account either through fiat currencies or by transferring crypto assets from another wallet. Seek STO trading pairs that match the asset you’ve funded your account with—if you have deposited Bitcoin (BTC), then pair it directly with STO/BTC, which helps avoid additional fees from executing multiple transactions.

Once you’ve found a trading pair that meets your needs, place an order according to your preferences. A market order will execute instantly at the current prices. Alternatively, a limit order allows setting up specific price parameters, whereupon reaching them triggers purchase initiation autonomously. Please confirm this transaction when you are ready.

Step-by-Step Guide to Earning Yields with StakeStone

Engaging with the StakeStone ecosystem and utilizing its staking protocols can be a lucrative endeavor that facilitates efficient asset management. By adhering to several straightforward procedures, you have the potential to garner appealing yields without compromising liquidity.

Our assistance will encompass guiding you through platform entry, wallet integration, initiating your ETH staking, and tracking your accrued earnings. Every phase is crafted for ease of use so that novices can effortlessly traverse through the features offered by StakeStone.

Accessing the Platform

Start your experience with StakeStone by navigating to their official page here. To gain entry to the array of staking opportunities on the platform, simply sign up by completing the registration steps.

With compatibility for well-known wallets such as Metamask and Rabby, StakeStone ensures that transactions are both safe and convenient. The interface offered by StakeStone is designed for ease of use, allowing users to effortlessly stake their compatible assets and begin accruing returns.

Source: StakeStone

Connecting Your Wallet

Initiating a connection between your wallet and the StakeStone platform is straightforward. Click on the ‘Connect Wallet’ option available within the user interface of the platform, making sure that your preferred wallet, for instance, Metamask, is prepared to establish a link.

Connecting Your Wallet

After you’ve made your selection, grant permission to StakeStone to interact with your wallet. This authorization is needed to access all of StakeStone’s staking opportunities and to ensure that your transactions are secure. With this integration completed, you can proceed to stake your assets and begin accruing returns.

Staking Your ETH

Committing your ETH to the StakeStone platform is a simple process. You only need as little as 0.01 ETH to participate, making it an inclusive option for investors of all sizes. After linking your wallet, just go to the staking area and determine the quantity of ETH you’re ready to commit.

Once you’ve locked in your ETH, STONE tokens equivalent to your deposited amount will be allocated by the platform. These tokens are a reflection of the value of your secured ETH, and they function in accruing profits relative to market trends.

By engaging with the stakestone network, there’s an opportunity for you to generate appealing yields on your invested assets.

Monitoring Your Earnings

StakeStone distinguishes itself by offering a real-time tracking system for your staking rewards. It presents an intuitive dashboard that offers comprehensive information about your assets and their prospective earnings. This feature of monitoring in real time enables you to be well-versed with the performance of your investments, assisting you in making informed choices based on data.

By providing up-to-date details regarding the assets you have staked, StakeStone bolsters engagement and heightens investor awareness about their holdings.

StakeStone Roadmap

StakeStone is consistently expanding its ecosystem and offering users cutting-edge methods for yield generation. In the first quarter of 2025, StakeStone introduced LiquidityPad, an innovative program that promises to reshape omnichain liquidity for the future. Through LiquidityPad, participants can tap into alpha opportunities and accrue token rewards by supplying liquidity across a diverse array of inter-chain applications and ecosystems.

This is just the beginning of StakeStone’s journey. Its roadmap encompasses numerous prospective projects and stages aimed at crafting a more resilient and adaptable staking network. By continuously seeking new ideas and improving its services, StakeStone aims to lead in starting a new era in DeFi, marked by better ways to manage liquidity, improved options for maximizing returns, and supporting growth in various projects.

Summary

Stakestone marks a pivotal development within the DeFi arena by presenting an all-encompassing strategy for effective and enduring distribution of liquidity. Utilizing cutting-edge technological advancements coupled with a commitment to community engagement, stakestone bolsters capital efficiency, streamlines the management of liquidity, and provides users with appealing opportunities to generate yield.

Looking ahead, StakeStone’s dedication to pioneering enhancements and fostering user agency will sustain its trajectory of success.

Frequently Asked Questions (FAQ)

What is StakeStone?

StakeStone is an omnichain liquidity protocol that enables users to stake diverse tokens for yield generation while preserving liquidity, utilizing smart contracts for automation, and managing the staking process efficiently.

How Does StakeStone Enhance Security?

StakeStone improves security through the use of a clear, non-custodial framework and by undergoing thorough evaluations from esteemed organizations such as Secure3 and Veridise. This feature ensures that users have full control over their staked assets via a permissionless, self-custodial system.

What are STONE Tokens?

The StakeStone protocol issues STONE tokens to users as proof of their staked ETH, enabling them to monitor their investments. Through smart contracts, these tokens accrue value over time, providing holders with benefits in terms of accounting.

How can I Buy StakeStone (STO) Tokens?

If you’re looking to purchase StakeStone (STO) tokens, first identify a trading platform that supports STO. Please make sure to complete any required verification processes. Fund your account, search for the STO trading pair, execute your order, and then transfer the acquired tokens to a safe wallet after the transaction finalizes.

What is the Role of $STO in Governance?

The veSTO tokens, representing a variant of the $STO token, are instrumental in governance as they grant voting privileges to their holders. This allows them to have a significant impact on critical decisions and settings within the protocol.

Such an approach promotes community engagement in overseeing the protocol’s management.

The post What is StakeStone? Everything about STO Token appeared first on NFT Evening.

With the combination of Sui’s parallel execution with an optimized matching engine, DeepBook is poised to bring exchange-grade pricing to the deep liquidity pools of DeFi protocols. Let’s look deeper at what DeepBook is, how it works within the sui ecosystem, how DEEP fits into the picture, and what benefits it can bring to your portfolio.

What is DeepBook on Sui?

DeepBook is an on-chain order-matching protocol. DeepBook serves as a native liquidity layer on the high-performance Sui blockchain. Unlike decentralized exchanges and automated-market-maker DEXs, the DeepBook protocol uses a more traditional central limit order book (CLOB), which helps create tighter spreads and more familiar trading mechanics.

Orders are stored as objects on Sui, which means they benefit from the blockchain’s parallel execution model, which has low latency and is often sub-second to finality.

Because DeepBook is embedded at the network level, wallets, aggregators, and DeFi protocols can plug directly into its order books, sharing deep liquidity instead of fragmenting it across siloed pools.

This architecture positions DeepBook as a foundational service, much like Uniswap on Ethereum, giving Sui developers a ready-made exchange engine without rebuilding core matching logic.

Benefits of DeepBook

• Deep, shared liquidity: All dApps on Sui can source the same order book, concentrating volume rather than splitting it across multiple DEXs.
• Better price execution: A CLOB model enables limit orders, sophisticated market-making, and minimal slippage, favored by professional traders.
• High throughput, low fees: Sui’s object-based design processes orders in parallel, resulting in microsecond matches and negligible gas costs.
• Composability for builders: Developers can integrate DeepBook via simple APIs, layering lending, leveraged trading, or derivatives on top of its liquidity.
• Transparent on-chain data: Every order, cancel, and fill is recorded on Sui’s ledger, offering auditability and reducing information asymmetry compared with off-chain books.

How does DeepBook work?

DeepBook is an on-chain central limit order book that lives natively on Sui. Instead of the constant-product curve used by automated market makers, it matches discrete bids and asks just like a traditional exchange, so traders get price-time priority and deterministic execution. 

Two mechanisms keep liquidity deep and spreads tight. The first is that everyone starts at a standard fee, but if a taker stakes the minimum DEEP tokens in a pool and then trades past a volume threshold within the epoch, their marginal fee is automatically halved. Active flow, therefore, migrates to DeepBook because costs fall the more you trade.

Next, makers who stake DEEP then earn proportionate token rebates that rise when a pool’s aggregate liquidity is thin and phase out as liquidity improves. This counter-cyclical curve encourages liquidity during quiet periods and avoids overpaying when books are already healthy.

Both of these perks rely on stake-based participation, and without the minimum DEEP deposit, a wallet pays full taker fees and receives no maker rewards, aligning incentives between serious liquidity providers and the protocol. At epoch’s end, any fees not recycled as maker incentives are permanently burned, so wash-trading becomes uneconomical and the token stays deflationary.

Stakers govern the fee bands and staking thresholds for each pool with concave voting rights that give smaller holders meaningful weight while preventing whales from extracting monopoly rents. In practice, this unique blend of fee discounts, adaptive rebates, stake-gated access, fee burns, and pool-level governance orchestrates a self-balancing marketplace where professional market makers, DeFi protocols, and high-frequency traders can all access wholesale liquidity without centralization.

DeepBook Ecosystem

Aftermath Finance all-in-one hub, KriyaDEX’s AMM-plus-limit orders, Cetus concentrated-liquidity DEX, FlowX trading portal, Hop aggregator, Turbos Finance hyper-efficient DEX, and 7K Aggregator route optimizer all plug directly into the shared order book.

DeepBook Token (DEEP)

Utility

DEEP token is the native token for the DeepBook protocol and fuels the economic layer. Maker incentives earn DEEP rebates for liquidity providers, while takers get discounted trading fees.

Token Distribution and Release Schedule

The fixed supply is 10 billion DEEP, which allocates 61.6% to the community airdrop, 10% for the initial airdrop, 7.5% to early contributors, 10% to Mysten Labs, and 10.9% to liquidity-backing partners. Emissions taper over four years, with monthly vesting for contributors and quarterly unlocks that are bound to on-chain volume milestones.

Source: Cryptorank

How to Buy DEEP?

DEEP is tradable on DeepBook itself via the DEEP/USDC pair and on aggregated Sui DEX routers. Bridge USDC to Sui, connect a compatible wallet, and place a limit or market order on any DeepBook front end. It’s as easy as 1, 2, 3.

Conclusion

DeepBook brings exchange-grade order-book trading to Sui without sacrificing decentralization. By embedding a fast CLOB at the network layer, it delivers deep liquidity, minimal slippage, and transparent price discovery.

For traders, DeepBook means low transaction fees and tight order spreads. For builders, it means a near-instant plug-and-play liquidity backbone for managing trading activities. In short, DeepBook has a solid position to be the heart of Sui’s DeFi ecosystem.

FAQs

Where can I buy DEEP?

You can purchase DEEP directly on DeepBook’s DEEP/USDC order book or through Sui DEX aggregators that route orders to the same liquidity layer.

What role does DeepBook play in the Sui Network?

DeepBook acts as Sui’s native liquidity engine, offering a shared central limit order book that any wallet, DEX, or dApp can tap for spot trading and price discovery.

Is DeepBook a DEX?

While there are DEXs that operate using the DeepBook protocol, they are separate. DeepBook is the back-end, and anyone can create a front-end to deliver the UX they envision, including features like flash loans.

How to buy DEEP on Sui?

To buy DEEP on Sui, you’ll first need to bridge USDC to a Sui wallet. Then connect that to a DeepBook interface like Turbos or Navitrade, and create a buy order for the DEEP pairing of your choice.

What is the price prediction for DeepBook Sui?

Price depends on adoption, volume growth, staking demand, and countless other variables. That said, if DeepBook remains the primary layer for Sui DeFi liquidity providers.

How much is a DeepBook token worth?

As of April 28, 2025, CoinMarketCap data shows DEEP trading around $0.22.

The post What is DeepBook Protocol (DEEP)? The Order Book on Sui appeared first on NFT Evening.

But what is Grass, and how exactly different is it from other digital assets? This article is a beginner’s guide on the essentials of GRASS, its potential benefits, and how you can join the bandwagon by trying this innovative cryptocurrency. Welcome on board!                               

What is Grass?

GRASS, also known as Grass coin, is a relatively new cryptocurrency built on the Solana network designed to bridge sustainability within the digital economy. Launched on October 28, 2024, Grass aims to achieve this by sharing idle internet bandwidth through data collection and artificial intelligence (AI) development. The developers aim to harness the power of blockchain technology to introduce eco-friendly practices and make it the first choice for environmentally friendly investors.

Grass is designed to transform idle bandwidth into a resource that scraps public web data and structures it into data sets that can be used for AI training. Using this dynamic approach, individuals will be allowed to contribute to the emerging artificial intelligence ecosystem while earning rewards for their contributions. 

GRASS thrives on environmental sustainability or green initiatives, unlike regular cryptocurrencies like Bitcoin, Ethereum, and others whose major selling points are decentralization and transaction security. A percentage of daily transactions made on the grass network are earmarked for funding sustainable projects like forest conservation and clean energy research. This new approach has created a buzz within the cryptocurrency ecosystem, with many investors seeking to join the now viral trending cryptocurrency project.  

Benefits of Grass        

The GRASS token introduces several benefits, especially surrounding its ability to enable users to monetize their idle internet bandwidth while participating in the nascent crypto ecosystem. By supporting AI training data development, GRASS promotes environmental protection by contributing towards green initiatives. Among the tangible benefits of Grass includes:

• Monetization of Unused Bandwidth: Token holders can share their unused internet resources and earn GRASS tokens, becoming part of the emerging digital economy. This feature introduces a new income stream for individuals seeking passive income.   
• Decentralized AI Development and Data Access: GRASS facilitates the development of practical AI applications by aligning user incentives that allow early adopters to reap the rewards of participating in the network’s growth and earning while helping maintain market stability.
• Environmental Responsibility: GRASS has distinguished itself from other crypto networks by dedicating a portion of its profits towards funding environmental initiatives and helping build a future sustainable financial model.  
• Community-Driven Ecosystem: GRASS boasts an active community-driven ecosystem where users play an integral role in the network’s growth and development. The project thrives on transparency and user ownership, further deepening the sense of community engagement. 
• Sustainable Futuristic Outlook: The project is built on the fast and efficient Solana Layer 2 (L2) network, which guarantees fast transactions and greater user privacy. Moreover, the fixed supply of one billion GRASS tokens assures the network’s long-term sustainability.
• Potential for Growth: While the Grass crypto project is still new, it has shown potential for growth as interest in sustainable investments increases. A new breed of investors is looking for projects that can display balancing profit with purpose, a demand the GRASS meets effectively.

Check out our in-depth analysis about Grass potential listing on Binance.

How does Grass Work?

Source: Blog Grass

Like all other cryptocurrency projects, GRASS runs on a decentralized blockchain where a permanent record of every transaction is recorded on an immutable public ledger, ensuring security and transparency. Nonetheless, the grass network differs from others due to its inbuilt eco-friendly character.

Investors can earn an extra GRASS token whenever they participate in an environmental sustainability program initiated by the platform, such as supporting renewable energy programs or planting trees.

Also, compared to other high-energy crypto projects like Bitcoin, GRASS runs a relatively low-energy mining project that aligns with its environmental mission. Moreover, the project has a native digital wallet designed specifically for storing GRASS tokens and granting access to its eco-rewards system.

How it Works:

• Users willing to share their idle bandwidth connect their device and become a Grass Node.
• Verified AI developers within the Grass network use the bandwidth to access and process data for its AI project.
• A validator verifies the transaction and guarantees the integrity of the data ledger.
• The system’s ZK processor covers the data transaction to ensure it is secure and private.
• The platform rewards users and validators with GRASS tokens.

Key Security Features of Grass Network 

The Grass network doesn’t take user security and privacy for granted. It employs various advanced security features, including:

• Zero User Data Collection Policy: Instead of collecting personal data, the network only collects public web data without accessing private browsing history or sensitive user information.
• Fraud Prevention: Grass constantly warns users about potential phishing attempts, including fake Grass airdrop links that have recently appeared on social media.
• Independent Security Audits:  Working with external state-of-the-art cybersecurity providers, the firm audits its network regularly to detect and eliminate potential vulnerabilities.           

The Ecosystem of GRASS       

GRASS runs via a network of lightweight nodes operating on users’ devices. These nodes utilize their unused internet bandwidth to collect and transmit public web data to create structured data sets for AI training.

The network achieves this by leveraging idle internet to collect raw data through Socrates, an in-house AI development tool developed by Wynd Labs, which converts the data into readable format. In this case, GRASS acts like an AI data repository that furnishes data to connected AI platforms seeking training for their specific models.

Source: Grass Foundation

The first step involves GRASS Nodes, acting as an internet gateway, relaying designated traffic from the client and directed by validators. The nodes earn rewards based on how they perform depending on their reputation score besides the amount of data they will have relayed successfully.     

The GRASS ecosystem has validators who verify web transactions and generate Zero-Knowledge (ZK) proofs to guarantee data integrity. Grass currently uses a centralized validator system, but according to its website, it plans to transition to using a decentralized committee of validators in the future to enhance security and decentralization. Validators are also responsible for collecting and batching session data proofs and submitting them to the network, where an immutable record of all processed data within the blockchain is created.

The system manages data flow through routers that connect Grass Nodes to Validators, ensuring that traffic is encrypted and measured. The routers are rewarded based on the amount of bandwidth they validate and maintaining a high network uptime to remain active. Integrating routers, validators, and nodes enables the Grass networks to collect, verify, and process large amounts of data, an integral component of training AI models. The following are the essential components you need to remember:

• GRASS Tokens: GRASS is the native token of the Grass ecosystem that facilitates transactions, rewards network users, and powers the network’s functionalities.
• Grass Nodes: They are the backbone of the network, comprising devices or gadgets that users sharing their internet bandwidth operate.
• Validators: Users who verify transactions while maintaining network consensus to guarantee data integrity.  
• Zero-Knowledge (ZK) Processor: A technology that promotes privacy and security by securing data transactions while keeping sensitive user information under wraps.  

GRASS Tokenomics

The GRASS network aims to foster community engagement by incentivizing contributors to facilitate the project’s sustainable growth within the crypto space. The ecosystem has a total fixed supply of 1,000,000,000 GRASS tokens, with a well-planned distribution strategy aiming at different stakeholders.

The project’s tokenomics model has carefully balanced incentives among stakeholders to ensure the project thrives through innovation and collaboration. The project’s tokens are carefully locked for specific periods to strike a balance between promoting stability and empowering users and contributors. The collaborative approach aims to secure the project’s immediate future besides laying a strong foundation for its viability within the crypto space.   

Source: Grass Foundation

GRASS Token Utility

The Grass token (GRASS) is designed as the primary utility within the Grass network ecosystem, mainly as a reward system for users sharing their bandwidth besides incentivizing participation. In addition to the rewards, the token facilitates governance and contributes to the network’s development. The functions of the token include:  

• Bandwidth Sharing Incentivization: Users are rewarded using GRASS after sharing unused bandwidth for participating in building a decentralized internet infrastructure.
• Enabling Governance: GRASS holders can participate in the project’s governance and vote on decisions and proposals.  
• Staking Rewards: Users can stake GRASS and earn passive income.
• Transaction and Payment: GRASS is meant to make payments and transactions within the network.

Grass Token Supply & Allocation      

Source: Grass Foundation

• Community: 30% (300,000,000 GRASS) of the GRASS ecosystem is allocated to the community, which is the cornerstone of the project’s long-term vision. This is designed to empower users to engage meaningfully.
• Future Incentives: A 17% (170,000,000 GRASS) allocation is dedicated to implementing a retroactive program that will reward early contributors and creators for providing valuable tools and content.
• Airdrop One: The first Grass airdrop was granted 10% (100,000,000 GRASS), the largest airdrop allocation ever since it’s essential in establishing a user-centric model for the internet. The goal is to distribute tokens widely and enable more users to participate in the platform’s early growth.
• Router Rewards: 3% (30,000,000 GRASS) of the token amount is allocated to incentivize routers whose business is to promote efficient bandwidth traffic and reduced latency.
• Foundation and Ecosystem Growth: The GRASS project allocated 22.8% (228,000,000 GRASS) to the foundation, which will manage and support all initiatives directed by the project’s decentralized autonomous organization (DAO) governance.
• Early Investors: A 25.2% (252,000,000 GRASS) allocation is meant for early supporters. It features a 1-year cliff and another with a 1-year vesting period to stabilize the market and discourage immediate sell-offs.
• Contributors: The final 22% (220,000,000 GRASS) allocation is for core contributors. It has a 1-year cliff followed by a 3-year vesting schedule, guaranteeing a long-term commitment to the project’s success.

How to buy GRASS

Are you considering an investment in GRASS? The process is simple, as shown below:

• Step 1: Choose a Compatible Crypto Exchange: GRASS is a new crypto token, so not many exchanges or crypto wallets support it. You may want to consider a platform like Guarda, Bitget, HTX, Gate.io, Bybit, or any other that has already listed the coins. The alternative is to consider a decentralized platform that you can trust.  
• Step 2: Fund Your Account Once: The next step is to set up a crypto wallet and fund your account. Depending on the exchange, you can accomplish this by using your bank card or linking your account. It’s always prudent to compare crypto prices to ensure you’re getting a fair deal.
• Step 3: Create a GRASS Account: Once you have funded your account, you need to search for GRASS on the exchange, review its current crypto prices, and create a GRASS crypto wallet.

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Grass Price History    

According to historical price data by CoinMarketCap, the price of GRASS was $1.57, with a 24-hour trading volume of $35,707,777. However, the price has been quite volatile for most of the month, having reached an all-time high of $3.43 at one point. Currently, the token ranks at position #135, with a live market cap of $406,130,256 USD and a circulating supply of 243,905,091 GRASS tokens. The Grass all-time high ever recorded was $3.89, while the all-time low was $0.655. At the current trading price, the token is sailing at 57.56% below its best price and 152.22% above its lowest price ever.

Grass Points Valuation

When writing, the grass coin was trading at around $1.65 per token, meaning that an investor with at least 1,000,000 GRASS points would be worth $10,000. However, note that the token’s price fluctuates and changes without notice. According to a recent post on Binance, GRASS points were sold for an average price of $0.004 per GRASS, especially on the Whales Market. Airdrop allocations, points, and tokens are traded in this renowned decentralized OTC exchange.  

How to Earn Grass Points for Potential Airdrop

The initial Grass airdrop registered remarkable success after becoming the most widely distributed airdrop ever on the Solana network after attracting over 2.8 million subscribers from over 190 countries. The project allocated over 100 million GRASS tokens for distribution.

Following the success of the first stage, the project has launched a second-stage Grass airdrop with new features and greater rewards. During this phase, at least 17% of the GRASS supply is allocated for future incentives, including 50% more rewards than in the initial stage.

The following is a step-by-step guide on participating in Stage 2:

• Registration: Visit the Grass.io and register using your email address and password to create an account; Click on the “Connect” button.
• Installation: Download the extension browser to install the necessary components. Alternatively, you can install a Desktop Node but if you’re using a mobile gadget, it’s advisable to use Mises or Kiwi browsers.
• Complete Authentication: Verify your email address and connect you wallet.

How to Maximize Your Grass Rewards

You can maximize your earning potential during Stage 2 by:

• Run Multiple Components: Consider using the Desktop Node and browser extension to ensure your connection remains active.
• Referral Program: You can refer friends and earn 2500 points for every successful referral. As points accumulate, you can also receive 20% of referred users’ points by sharing your referral code widely.
• Engagement Strategies: Increase your chances of earning more rewards by actively participating in the Grass community activities, maintaining a regular network connection, and remaining updated with company announcements.  

Conclusion      

The future of the Grass network and other green crypto projects looks bright at a time when there are increasing demands for sustainable digital asset developments. As more and more people join environmental awareness movements, the appeal for eco-friendly cryptocurrencies such as this one for sharing unused bandwidth is expected to grow. The stage seems set for GRASS to become a market leader in this niche by successfully blockchain technology and environmental stewardship.

The adoption rate may increase as ongoing crypto news leads to greater public awareness of the project’s environmental impact. However, for this to happen, GRASS must remain committed to its eco-friendly initiatives and seek to expand its network to potentially enlarge its user base and become the go-to crypto for investors with environmental sustainability in mind. However, always conduct your own research before making a crypto investment.              

FAQs               

Who is behind Grass?

The Grass network is the brainchild of Wynd Labs, a blockchain development company that secured $3.5 million during the project’s seed funding. Polychain Capital and Tribe Capital were lead investors.

How much is a GRASS token worth?

At the time of writing, the GRASS token is worth about $1.65, has a market capitalization of around $428.80 million, and has a 24-hour trading volume of $44.93 million.                 

Is GRASS a good coin?       

GRASS is currently displaying bullish sentiment, meaning there’s some potential for short-term gains if the upward momentum remains constant.

Is Grass Network safe?          

The Grass network is generally safe because it is designed with security and privacy in mind. No one can access users’ activity or personal data.

How do you earn money using Grass?      

You earn money with Grass by sharing your unused bandwidth. All you need to do is download the Grass app or install the extension, connect either of them to your internet, and start earning bonus points, which you could convert into GRASS tokens. The project also runs a multi-level referral program that enables you to earn a percentage of the points any of your referrals earn.

The post What Is Grass Network (GRASS)? A Complete Guide  appeared first on NFT Evening.

Yzi Labs (formerly Binance Labs): A Launchpad for Promising Projects

Following a restructuring process, Yzi Labs – the new name for Binance Labs, continues to maintain its position as one of the most influential venture capital entities within the Web3 ecosystem. Recent investments in projects like Initia, Babylon, Polyhedra Network, and AltLayer, all of which quickly secured listings on Binance after their TGE, have reinforced YZi Labs’ reputation for identifying high-potential opportunities early.

In a market environment where Binance is tightening its listing criteria, projects backed by YZi Labs are viewed as having a materially higher probability of being prioritized. Their endorsement often paves the way for greater liquidity access, institutional attention, and rapid capitalization growth.

According to internal estimates from Binance Research, over 70% of projects funded by YZi Labs between 2024 and early 2025 achieved a Binance spot listing within one month after their TGE – underscoring the strategic advantage of following the YZi Labs portfolio closely.

Read more: Farming Airdrops on Binance Alpha: Low Risk, High Reward

Some notable projects backed by Yzi Labs that have not yet held a TGE include:

• Aster
• Blum
• Sahara AI
• Perena
• Sophon

Aster

Previously known as Astherus, Aster is emerging as one of the most notable DeFi projects within the BNB Chain ecosystem. The project was incubated by Binance Labs and has garnered particular attention from Binance CEO Changpeng Zhao (CZ).

According to data from DefiLlama, Aster’s total value locked (TVL) currently stands at approximately $266.92 million. The platform’s perpetual trading volume averages around $50 million per day – a relatively strong figure given the challenging market conditions.

Source: DefiLlama

Backed by Binance Labs from its early stages, Aster has a high likelihood of joining Binance Launchpool or Launchpad upon its token launch, followed by a direct listing on Binance Spot. Historical trends show that projects incubated by Binance Labs, such as Hooked (HOOK), and Space ID (ID), were all listed within weeks after their TGEs, delivering significant returns for early investors.

In the current DeFi landscape, where strong perpetual DEX platforms are scarce, Aster – with backing from Binance Labs, a completed product, and a growing user base, stands out as one of the most promising projects to watch in the near future.

Blum

Blum is a decentralized cryptocurrency exchange (DEX) built directly on the Telegram platform, aiming to provide users with a simple and accessible trading experience. Supported by YZi Labs (formerly Binance Labs), Blum quickly captured attention in the crypto community with its innovative “tap-to-earn” model.

The project officially launched in June 2024 as a “tap-to-earn” game on Telegram, amassing over 32 million users within its first few months. 

Blum’s ecosystem supports trading across more than 30 different blockchains, including The Open Network (TON). Financially, the project successfully raised $5 million from prominent investment funds such as gumi Cryptos Capital, The Spartan Group, OKX Ventures, and Wintermute. Additionally, Blum was selected as one of 13 projects for the seventh season of BNB Chain’s Most Valuable Builder (MVB) program.

Like Aster, Blum benefited from Binance Labs’ backing from its earliest stages. What further distinguishes Blum is its founding team, which includes several former senior executives from Binance. Gleb Kostarev, co-founder and CEO of Blum, previously served as Vice President at Binance, overseeing Eastern Europe, CIS, Turkey, Australia, and New Zealand. Co-founder and CMO Vladimir Smerkis was the former General Manager for Binance CIS.

Founder Blum took photo with CZ – Source: Blum

Moreover, Degenie – former head of design at Binance and Trust Wallet. now serves as Vice President and co-founder at Blum.

Sahara AI

Sahara AI is a decentralized artificial intelligence platform that integrates blockchain technology to build an open, fair, and collaborative AI ecosystem. The project has raised $43 million – a substantial figure, from leading investors such as Binance Labs, Pantera Capital, Polychain Capital, Samsung Next, Sequoia Capital, and Matrix Partners.

Although Sahara AI has yet to announce specific plans for a token launch, the strong backing from top-tier investors and an experienced founding team in the blockchain industry make a future token issuance highly likely. If a token launch occurs, listing on major exchanges like Binance is well within reach, particularly given the investment from Binance Labs.

Source: Sahara AI

Sahara AI is currently in an active development phase, highlighted by initiatives like the Sahara Incubator, which supports AI and Web3 startups. These efforts underscore the project’s commitment to building a robust and sustainable decentralized AI ecosystem.

With a long-term vision and strategic backing, Sahara AI holds strong potential to become one of the leading decentralized AI projects in the near future.

Perena

Perena develops decentralized stablecoin infrastructure on the Solana platform, aiming to address liquidity challenges and fragmentation within the stablecoin ecosystem. As of April 2025, Perena’s Total Value Locked (TVL) has surpassed $24.7 million, marking a significant milestone within Solana’s DeFi ecosystem.

Founded by Anna Yuan, former Head of Stablecoin at the Solana Foundation, Perena has attracted major investors including Binance Labs, Borderless Capital, Primitive Crypto, Anagram, Temporal, ABCDE Labs, and SevenX Ventures, raising approximately $3 million in a pre-seed funding round.

Perena’s flagship product is Numéraire, an Automated Market Maker (AMM) protocol designed to enable the creation, swapping, and liquidity provision for stablecoins efficiently. Numéraire utilizes an LP token named USD*, representing a share of a liquidity pool composed of stablecoins such as USDC, USDT, and PYUSD. This structure helps minimize liquidity fragmentation and improves trading efficiency.

With strong backing from Binance Labs and a founding team with deep expertise in the stablecoin sector, Perena holds strong potential for listing on Binance after its token launch.

Read more: Top 5 Best Airdrop Farming Projects on Solana (Part 1)

Source: Bloomberg

Currently, Perena is undergoing active development, with the goal of becoming a neutral infrastructure layer for stablecoin issuers on Solana. With a long-term vision and strong support from strategic partners, Perena aims to become one of the leading decentralized stablecoin projects in the near future.

Sophon

Sophon builds a next-generation blockchain project focused on entertainment, artificial intelligence (AI), and consumer applications, using zkSync Hyperchain technology.

The project successfully raised $10 million in a funding round in March 2024, with participation from investors such as YZi Labs, OKX Ventures, The Spartan Group, SevenX Ventures, Maven 11, HTX Ventures, Paper Ventures, and w3coins.

With support from YZi Labs (formerly Binance Labs) and other strategic investors, Sophon shows strong potential for a Binance listing once its SOPH token unlocks and becomes available for trading.

OVER $60M RAISED IN NODE SALE

ENTIRETY GOES INTO ECOSYSTEM FUND

NODE SALE CLOSES: MONDAY 13TH MAY 2024

NETWORK LAUNCH SCHEDULED: Q3 pic.twitter.com/4iOzLJPgH0

— sophon (@sophon) May 9, 2024

Another major advantage for Sophon is that it built a robust financial foundation from the outset. The project sold over 120,000 node licenses to approximately 5,800 participants, raising more than $63 million. This financial strength not only enables Sophon to maintain a rapid pace of product development but also provides the independence necessary to expand onto major exchanges like Binance.

Conclusion

The projects backed by YZi Labs demonstrate a consistent pattern: strong technical foundations, experienced teams, and strategic market positioning.

As Binance continues to tighten its listing standards, the endorsement from YZi Labs serves as a powerful validator, significantly enhancing the prospects for early-stage projects. While market conditions remain dynamic, Aster, Blum, Sahara AI, Perena, and Sophon each stand out as potential success stories – with upcoming TGEs likely to serve as catalysts for broader market recognition and potential Binance listings.

Read more: Grass Could Be the Next Project Listed on Binance?

The post Top 5 Pre-TGE Projects Backed by YZI Labs (Binance Labs) appeared first on NFT Evening.

Event Details

• Blockchain: BNB Smart Chain
• Subscription Period: April 29, 2025, between 08:00 and 10:00 UTC
• Eligibility: Determined by users’ Binance Alpha Points
• Token Launch: Trading for MILK will commence at 10:00 UTC on April 29, 2025, on Binance Wallet DEX and PancakeSwap.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

What is MilkyWay?

Milkyway is a next-generation decentralized platform designed to bridge real-world assets (RWA) with blockchain technology. Built on the Celestia, Milkyway enables users to tokenize, trade, and manage tangible assets in a secure and transparent environment.

Follow MilkyWay for more information:

• X
• Website

MilkyWay webpage

What is MILK?

The native token, MILK, powers the platform’s 

• Governance
• Incentivization mechanisms
• Transaction fees.

How to Join a WIO Event

• Before joining a WIO event, users must update their Binance app to the latest version to ensure full compatibility.
• Eligible participants need to hold BNB on the BNB Smart Chain and access the event through a secure, keyless Binance Wallet.
• If you do not have BNB yet, you can acquire it by swapping assets within Binance Wallet or transferring BNB from your Binance Spot account.
• Once the subscription window opens, commit your BNB to participate.
• Token allocations will be distributed proportionally, depending on the total BNB committed by all participants. After the event concludes, users will be able to claim their awarded tokens.

Read more: How to participate IDO on Binance Wallet

Key Notes for Participants

• Please note that MILK tokens will not be tradable until the subscription phase officially concludes. Any token claiming to be MILK prior to this should be considered fraudulent. Always verify the official contract address through Milkyway’s verified communication channels.
• Separately, Milkyway will distribute 20,000,000 MILK tokens through dedicated marketing campaigns that will run concurrently with this exclusive TGE. Additional details regarding these campaigns will be
• This initiative reflects Binance Wallet’s ongoing efforts to support Web3 innovation by providing users with early access to emerging projects like Milkyway.

Read more: Farming Airdrops on Binance Alpha: Low Risk, High Reward

The post Binance Wallet Hosts MilkyWay (MILK) TGE on PancakeSwap appeared first on NFT Evening.

This article explores the key strategies for navigating a bull market, including understanding market cycles, leveraging technical indicators, and managing risk effectively. Whether you’re a seasoned trader or just starting out, learning these techniques can help you maximize gains and make informed decisions in a rapidly evolving crypto market.

Keep in mind that none of this information is investment advice. We’re merely looking at popular investment strategy types to consider when crypto bull markets happen.

What is a Bull Market?

A bull market, or bull run, in the crypto world refers to a prolonged period of rising prices and high investor confidence. During these phases, digital assets such as Bitcoin, Ethereum, and various altcoins experience significant gains, often driven by increased adoption, positive news, and robust trading volumes.

Bull markets tend to be fueled by optimism, where investors expect continual upward movement, leading to a self-reinforcing cycle. This period is marked by a surge in buying activity, which drives prices higher and attracts more participants, creating a positive feedback loop.

With that in mind, bull markets are always finite and often see eventual corrections or reversals as market dynamics change.

Factors Influencing Crypto Bull Runs

• Investor confidence, optimism, and hype drive rapid buying.
• Tech innovations like breakthroughs in blockchain tech and DeFi spur confidence.
• Favorable news on industry regulations typically boosts investor confidence.
• Macro-scale external factors like low interest rates and generally higher economic growth typically support higher valuations.
• Media coverage can sway public opinion substantially, with positive articles and social content amplifying momentum.

How do crypto bull markets start and end? 

Crypto bull markets typically begin when positive market sentiment is sparked by breakthroughs, strong adoption, or favorable regulatory news. They often end when investor exuberance wanes, external economic pressures mount, or technical indicators signal overbought conditions, leading to market corrections.

How long do crypto bull runs last? 

The duration of one crypto bull market to another can differ wildly. Some are over in months, some last for years, and some are over in just weeks. Each one will depend on variables like investor behavior, market dynamics, and countless external economic factors.

Top Narrative to Watch in Bull Market

One of the most compelling narratives in any crypto bull market is the rise of blockchain projects that disrupt traditional finance and foster decentralized innovation.

In this cycle, key trends include the growth of DeFi platforms, increased institutional participation, and the integration of AI and machine learning for improved trading strategies. Investors are increasingly drawn to projects that blend cutting-edge technology with robust risk management, as these ventures offer both growth potential and stability.

What is a Bear Market?

A bear market in the crypto space refers to a prolonged period where prices steadily decline, leading to a widespread sense of pessimism among investors. During these phases, market sentiment shifts dramatically, and trading volumes often decrease as confidence wanes. Investors begin to liquidate their positions, fueling further downward pressure on prices.

Bear markets can be triggered by a range of factors, including adverse regulatory news, macroeconomic downturns, or overextended bull runs that lead to profit-taking and market corrections. In a bear market, the overall value of crypto assets drops significantly, and volatility tends to increase as panic selling takes hold.

While these periods are challenging, they can also present opportunities for long-term investors to acquire assets at lower prices. Understanding the signs and underlying causes of bear markets can help traders and investors navigate the downturn and position themselves for recovery when market sentiment eventually shifts.

Reasons Why Crypto Bull Markets Turn into Bear Markets

• Profit-Taking: Investors often sell assets to lock in gains, reducing buying pressure.
• Market Saturation: Excessive optimism leads to overvaluation, triggering corrections.
• Regulatory Changes: Negative or unexpected regulatory news can undermine investor confidence.
• Macroeconomic Shifts: Economic downturns or rising interest rates may divert capital from crypto markets.
• Technological or Security Issues: Major hacks or system failures can erode trust in digital assets.
• Liquidity Shortages: Reduced liquidity during market corrections can intensify price declines, hastening the conversion of bull to bear markets.

Bull Market vs Bear Market: Key Differences

Crypto Bull Market Strategies 

1. Using technical indicators to spot a bull run

Traders rely on technical indicators such as moving averages, RSI, and MACD to identify bullish trends. By analyzing these metrics, investors can detect momentum shifts, assess overbought or oversold conditions, and time their entry points for maximum profit potential during a bull run.

2. Take profits regularly with sell limit orders

Implementing sell limit orders at predetermined price levels enables investors to secure gains as prices rise. This strategy helps avoid the pitfalls of emotional decision-making and market volatility, ensuring that profits are systematically locked in, even if a sudden market reversal occurs during a bull run.

3. HODL but earn interest

Long-term holders can continue to HODL their assets while earning interest through staking or yield farming. This approach combines the benefits of holding crypto during a bull market with additional passive income streams, allowing investors to maximize returns even when market conditions fluctuate.

4. Reduce gains with HIFO accounting

Using the HIFO method, or highest-in-first-out, can help investors reduce taxable gains during a bull market. By selling the most expensive assets first, traders minimize capital gains taxes, preserving more profit and enhancing overall investment returns when market prices eventually decline.

5. Take profits in stablecoins

Converting a portion of your crypto portfolio into stablecoins during a bull run can secure gains and protect against volatility. Stablecoins provide a predictable value, allowing investors to re-enter the market when prices stabilize while maintaining liquidity and minimizing exposure to sudden downturns.

6. Diversify holdings

Diversification is crucial during bull markets. Spreading investments across various assets, including major cryptocurrencies, DeFi tokens, and stablecoins, helps reduce risk and smooth out volatility. A diversified portfolio can better withstand market corrections and capture gains from multiple emerging trends simultaneously.

7. Have an exit strategy

Develop a clear exit strategy that defines profit-taking thresholds and stop-loss levels. Knowing when to exit ensures that you lock in gains and minimize losses. This disciplined approach prevents emotional decisions and enables you to adapt swiftly if market conditions shift, preserving capital for future opportunities.

History of bull and bear markets

2013 Bull Run

Source: TradingView

In 2013, Bitcoin’s price surged from under $100 to over $1,000 in a short period, igniting widespread interest in cryptocurrencies. This early bull run was driven by increasing media attention, technological breakthroughs, and growing global awareness, setting the stage for future rapid growth in the crypto market.

2017 Bull Run

Source: TradingView

The 2017 bull run saw explosive growth across the crypto market, with Bitcoin reaching nearly $20,000 and numerous altcoins skyrocketing. This period was marked by a surge in ICO activity, intense investor enthusiasm, and significant adoption of blockchain technology, though it later led to heightened market volatility.

2020-2021 Bull Run

Source: TradingView

From 2020 to 2021, the crypto market experienced a prolonged bull run fueled by institutional investments, mainstream adoption, and innovative DeFi projects. Bitcoin and major altcoins hit new all-time highs, while investor confidence soared amid supportive economic conditions and rapid technological advancements in the blockchain space.

2021-2022 Bear Market

Source: TradingView

Following the highs in 2021, the crypto market entered a bear phase in 2021–2022. Heightened regulatory scrutiny, profit-taking, and macroeconomic uncertainty led to a sharp decline in prices. This period of correction highlighted the market’s volatility and the inherent risks of rapid bull run cycles.

Conclusion 

The crypto bull market offers exciting opportunities, but it is also a dynamic cycle of peaks and corrections. Through a basic understanding of the fundamentals of bull and bear markets and as many of the factors that impact crypto as possible, you can better navigate market swings and maximize gains. As the market evolves, ongoing research and disciplined strategies will be the keys to thriving in this volatile yet potentially rewarding landscape.

FAQs

Why is it called a bull and bear market?

Bull markets are named for the upward thrust of a bull’s horns, symbolizing rising prices, while bear markets reference a bear’s downward swipe, indicating declining prices.

Is a crypto bull run coming? When is the next crypto bull run?

Predicting a bull run is challenging; market trends, investor sentiment, and external factors all influence timing. Analysts use technical indicators, but exact timing is impossible to predict.

Is crypto in a bull market now?

Market conditions constantly change. While recent trends might indicate bullish sentiment, always refer to up-to-date market analysis and indicators before making investment decisions.

What to do during a crypto bull run?

During a bull run, consider taking profits regularly, diversifying holdings, and using technical indicators to time your trades. Maintain an exit strategy and invest in assets with strong fundamentals to safeguard gains.

The post What is a Bull or Bear Market in Crypto? The Beginner’s Guide appeared first on NFT Evening.

Because of the incredible amount of speculation and potential volatility involved in cryptocurrencies, getting a clear understanding of a crypto coin’s market capitalization can help gauge risk as well as identify growth potential. No matter what coins you’re looking into, market cap can give you priceless insight into their current standing and future prospects.

What is Market Cap in Crypto?

In crypto, a coin’s market cap is the total value of capital invested in that asset, effectively measuring the overall market share and perceived worth in the wider crypto ecosystem. Looking at the market capitalisation can help you quickly compare one coin to another.

Generally speaking, higher market caps mean a more established project with a more stable track record, while lower caps may represent younger, riskier ventures with potentially higher upside.

The crypto market is typically split into categories based on total market cap, including large-cap coins like Bitcoin and Ethereum, mid-cap cryptocurrencies like Tether, BNB, and CRO, and smaller market caps still in their early growth and adoption stages.

How is Market Cap Calculated?

It’s easy to calculate crypto market cap for any particular asset. You take the number of coins or tokens in the currently circulating supply and multiply that by the current price. So, if there are one billion tokens, and the current value of each token is $0.20, that crypto would have a market capitalisation of $200 million.

Source: CoinMarketCap.com

Why is the Crypto Market Cap Important?

The crypto market cap plays a significant role in helping investors gauge a project’s scale, maturity, and overall stability. It offers a straightforward reference for comparing different cryptocurrencies, providing insight into relative size and perceived potential.

Generally speaking, the market cap also influences investor sentiment and liquidity. If a coin lacks a sizable market cap, day-to-day price movements can be more volatile, making it difficult to buy or sell large amounts without affecting the market. Conversely, coins with larger market caps typically exhibit more stable pricing due to their robust trading volumes.

What is a liquid market?

A liquid market is one where buyers and sellers exchange assets without delay or price impact. In crypto, liquidity is typically tied to the trading volume. Higher liquidity leads to buying and selling at more predictable pricing, while lower liquidity can mean higher slippage and more frequent market distortions.

Having a liquid market is critical for all major cryptocurrencies. It cultivates confidence, helps stabilize the price, and staves off market manipulation.

Circulating supply vs fully diluted supply

Circulating supply is the term for the number of coins currently available to the public. This statistic includes all coins held in wallets but not coins that have yet to be mined or minted.

However, the fully diluted supply includes all tokens that could enter future circulation, such as those locked in smart contracts, reserved for development, or vesting schedules for team members.

For anyone getting involved in the crypto space, this is crucial information, particularly with coins and tokens that don’t have caps and could be minted or mined without limit.

Difference Between Small, Mid, & Large-Cap Cryptocurrencies

Since we categorize cryptos by their market cap size, it’s helpful to understand the relative risk and growth prospects. While the specific thresholds might vary from one source to another, the categories usually break down into small-, mid-, and large-cap cryptos.

Small-cap cryptocurrencies

With small-cap cryptocurrencies, you’re probably looking at market caps of a few hundred million or less. They will usually have higher volatility due to limited liquidity. While they might hold the potential for rapid, substantial gains, they also come with significant risk.

Mid-cap cryptocurrencies

Mid-cap cryptos hold a middle ground that combines maturity with the potential to still grow. They’ll usually have a market cap of between a few hundred million and a few billion dollars.

Large-cap cryptocurrencies

Large-cap cryptocurrencies, such as Bitcoin or Ethereum, have well over one hundred billion dollars. These cryptos have seen widespread adoption, strong liquidity, and powerful infrastructure created to support them.

Why Are Large-Cap Cryptocurrencies Considered to Have Lower Risk Profiles?

Generally speaking, large market caps have more established communities, extensive ecosystem support, and unshakable liquidity. While they aren’t immune to big market movements, they are relatively well-insulated from massive corrections.

Market Cap vs. Volume vs. Cash Inflow

Market cap is the overall measure of the value of a particular cryptocurrency. Trading volume tracks the number of coins traded over a specified period, indicating the ongoing liquidity and general investor interest. On the other hand, cash inflow concerns the fiat currency entering the asset.

Even though all three of these metrics give valuable insights, they serve different purposes. High market caps don’t necessarily mean high trading volume or a strong cash inflow.

Top 10 Cryptocurrencies by Market Cap

1. Bitcoin (BTC) – $1.72T
2. Ethereum (ETH) – $243.3B
3. Tether (USDT) – $144B
4. XRP (XRP) – $140B
5. BNB (BNB) – $88.8B
6. Solana (SOL) – $71.5B
7. USDC (USDC) – $60.1B
8. Dogecoin (DOGE) – $29.2B
9. Cardano (ADA) – $27.1B
10. Tron (TRX) – $21.7B

Conclusion

Market cap is a cornerstone metric that helps you gauge the relative size, stability, and growth potential of different cryptocurrencies. It can be a powerful tool for assessing new opportunities, but thorough research and disciplined risk management will always be critical for applying the insights it provides to your investment strategy.

FAQs

What is a good market cap in crypto?

“Good” is a relatively subjective term and will largely depend on your personal investment goals and risk tolerance. Large-cap cryptocurrencies are more stable, but smaller market caps have more growth potential.

What does market cap tell you?

Market cap reveals a cryptocurrency’s total value based on its current price and circulating supply, serving as a quick way to compare one coin to another.

Is a higher market cap better?

Not always. While higher caps usually mean greater stability and adoption, smaller caps might yield bigger returns if the project succeeds. It really comes down to individual risk preferences.

What crypto under $1 will explode?

While predicting the next coin to explode is mostly speculation, there are some solid cryptocurrencies to look at for surges in growth. Look at low-cost, high-utility coins and tokens like Cronos (CRO), Stellar (XLM), VeChain (VET), and Tron (TRX).

What is the current crypto market cap?

According to data from CoinMarketCap, the crypto market cap as of March 26, 2025, is $2.83T.

The post What is Market Cap in Crypto & Why It Matters for Investors? appeared first on NFT Evening.

This guide will cover what a WEEX referral code is, how to use it to get your sign-up bonus, and steps to maximize your trading journey.

WEEX Referral Code

Get $30,000 Welcome Bonus

Code Valid: May 2025

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Claim Reward Now!

What Is WEEX Referral Code?

A WEEX referral code is a promo code that new users can enter during registration on the WEEX cryptocurrency exchange to unlock exclusive welcome bonuses and trading fee discounts. These referral rewards vary based on the code used and the tasks completed, such as depositing or trading specific amounts.

The best WEEX referral code is “cglw” to get a $30,000 worth of USDT new user bonus and a 30% trading discount.

WEEX Sign-Up Bonus and Rewards

The WEEX Sign-Up Bonus and Rewards program offers new users a chance to earn up to $30,000 USDT by completing simple tasks on the platform. Here is how to get the WEEX sign-up and deposit bonus:

How to Open a New Account with WEEX Invite Code?

WEEX Referral Code

Get $30,000 Welcome Bonus

Code Valid: May 2025

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Claim Reward Now!

Step 1: Create an Account Using the WEEX Referral Code

Visit the official WEEX website or download the WEEX mobile app from the App Store or Google Play. Click the “Sign Up” button on the homepage. Choose to register with your email or phone number, then enter your details, including a strong password. 

In the registration form, locate the optional “Referral Code” field and enter our WEEX referral code “cglw” to access exclusive rewards, such as a 30% trading fee discount or up to $30,000 USDT in bonuses. 

Complete the CAPTCHA puzzle, agree to the Terms of Service, and submit. Verify your account by entering the code sent to your email or phone. This step ensures you’re eligible for referral-based rewards, but the code must be entered during sign-up, as it can’t be applied later for new accounts.

Step 2: Complete Deposit and Start Trading Futures

To activate bonuses, deposit funds into your WEEX account. From the homepage, go to your profile and select “Deposit.” Choose a cryptocurrency (e.g., USDT) and copy the provided deposit address. Transfer at least 200 USDT from an external wallet to your WEEX futures account, ensuring the address is correct. Maintain a net balance of 200 USDT for three days. 

Then, start futures trading by going to the “Futures” section. Choose a trading pair, such as BTC/USDT or ETH/USDT, based on market trends or your strategy. Set your position (long or short) and use WEEX’s low fees and up to 200x leverage cautiously. Aim for a trading volume of at least 100,000 USDT to meet bonus requirements.

Step 3: Claim Sign-Up Bonus

After completing tasks, claim your bonus in the WEEX Rewards Hub. Tasks include adding a phone number and email, completing KYC, and meeting deposit and trading volume goals. 

WEEX Referral Program

The WEEX Referral Program lets users earn rewards by inviting friends to trade on the platform. You get a unique WEEX promo code or referral link to share. When someone signs up with your code and trades, you earn up to 50% of their trading fees as a commission. 

New users who use your WEEX invitation code can get exclusive bonuses, like up to $30,000 USDT, by completing tasks such as depositing or trading. You can invite as many people as you like, so the more friends you bring, the more you earn. Rewards depend on your referrals’ trading activity.

About WEEX Exchange

WEEX is a Dubai-based cryptocurrency exchange launched in 2018. It focuses on futures trading with a user-friendly platform for retail traders. The exchange offers spot trading, futures trading with up to 200x leverage, and copy trading. 

WEEX supports over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). It provides low trading fees, with futures fees as low as 0.02% for makers and 0.08% for takers. Spot trading has zero fees, and new coin listings often come with zero-fee campaigns.

Why Use WEEX for Crypto Trading?

You should use WEEX for crypto trading because:

• No-KYC Trading: WEEX allows users to trade without mandatory Know Your Customer (KYC) verification, prioritizing privacy for those who prefer anonymity. Non-KYC accounts can withdraw up to 50,000 USDT per transaction and 500,000 USDT daily.
• 200x Leverage Futures Trading: WEEX offers up to 200x leverage on futures contracts, one of the highest in the market. This high leverage is best for experienced traders seeking high-risk, high-reward strategies across over 480 futures pairs, like BTC/USDT and ETH/USDT.
• 0% Maker Fee Spot Trading: WEEX charges 0% maker fees for spot trading on select pairs. This fee structure benefits those placing limit orders, encouraging liquidity provision. Taker fees are also low, often 0.1% or less, making spot trading cost-effective.
• Copy Trading: WEEX’s copy trading feature lets users replicate the strategies of elite traders in real-time, ideal for beginners or those lacking time to analyze markets. Users can customize leverage, set stop-loss/take-profit ratios, and cap trade amounts, with a 10% commission cap on profits shared with the copied trader.
• 30,000 USDT Sign-Up Bonus: By using our WEEX referral code “cglw”, new users can unlock up to 30,000 USDT in rewards by completing tasks.

Conclusion

In a nutshell, the WEEX referral code program is a great way for new and existing users to enhance their crypto trading journey. New users can use our code like “cglw” to access up to $30,000 USDT in bonuses and low trading fees. Existing users earn up to 50% of their referrals’ trading fees. The process is straightforward: sign up, deposit, trade, and claim rewards. For more rewards, you can also check out our guide on the MEXC referral code.

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FAQs

How do you get a WEEX referral code?

You can get a WEEX referral code by creating an account. After signing up, log in and navigate to the “Referral” section in your account dashboard. There, you’ll find your unique referral code or referral link to share with friends. This code can be used to invite others, earning you up to 50% of their trading fees as a commission. Ensure you share it with new users who haven’t registered yet.

Is Weex Exchange safe?

Yes, WEEX Exchange is considered safe for trading. It uses cold wallet storage for 99% of funds, two-factor authentication (2FA), and encryption to protect data. However, the exchange does not require KYC for trading, which may attract fraud and money laundering.

Do I need to complete KYC to receive the WEEX bonus?

No, KYC is not mandatory to receive the WEEX bonus in most cases. You can claim bonuses like the $30,000 USDT by completing tasks such as depositing 200 USDT to your futures account, maintaining that balance for three days, and achieving a futures trading volume of 100,000 USDT. 

Additional rewards, like $10-$20 USDT for adding a phone number and email, also don’t require KYC. However, WEEX may request KYC verification if it detects unusual activity to ensure account security.

The post WEEX Referral Code 2025: cglw ($30,000 Sign-Up Bonus) appeared first on NFT Evening.

What is Sign Protocol?

The Sign Protocol has been developed as a comprehensive omni-chain attestation protocol with the main goal of validating and confirming information across blockchain networks. By creating a common standard for attestations, it makes the process of checking information easier on different blockchain platforms, reducing problems and lowering the risks usually associated with central authorities.

Learn more: Binance Will List Sign (SIGN) on HODLer Airdrops!

This cutting-edge strategy employs decentralized technologies to guarantee secure and dependable attestation data processes that are crucial in fostering confidence during online interactions.

The main goal of Sign Protocol is to improve verification processes in blockchain systems by allowing different chains to work together easily. Thanks to its decentralized design, this protocol facilitates robust and seamless attestations throughout an array of blockchain platforms. It delivers omni-chain functionality, which enables assured verifications irrespective of whether one uses Ethereum, Solana or TON—contributing toward a more cohesive and trustworthy digital landscape.

Source: Sign Protocol

Integral, too, is the Schema Registry System embedded within the Sign Protocol. It establishes standardized formats pivotal for both verifying information efficiently and preserving schemas systematically.

This system significantly contributes towards making sure that all attestations are uniform and easily interpretable by any party involved—an attribute critical in boosting the integrity & dependability associated with these protocols’ use cases. In directly confronting conventional trust-based challenges inherent in central authorities’ systems, Sign Protocol sets forth advancements conducive towards reinforcing digital authentication’s security moving forward into future tech landscapes.

Key Features of Sign Protocol

The Sign Protocol is distinguished by its commitment to providing robust security, high efficiency, and versatile adaptability. These core principles are integrated into its primary functions, which encompass Omni-Chain Attestation, Secure Token Distribution, and Digital Signatures & Consent Verification. Each function plays an indispensable role in improving the processes of verification within the realm of blockchain ecosystems.

Through developing a universal attestation standard applicable across various blockchains, the protocol revolutionizes the process. It facilitates verifiable attestations along with secure token distribution to streamline token management while guaranteeing transaction integrity and authenticity.

Sign Protocol’s use of digital signatures coupled with zero-knowledge proofs for verifying consent underscores its dedication to upholding superior standards of security and regulatory compliance.

Omni-Chain Attestation

Sign Protocol introduces an omni-chain attestation solution that facilitates effortless verification across various blockchain networks, encompassing prominent platforms such as Ethereum, Solana, and TON. A common standard for digital trust by enabling verification across different blockchains and ensuring the accuracy of attestation data no matter which blockchain it comes from.

Omni-Chain Attestation

By championing the ability to provide attestations on multiple blockchains with ease and verifying them without restrictions through its omni-chain attestation support, Sign Protocol addresses one of the major hurdles within the realm of blockchain technology.

The enhancement brought about by this feature bolsters not only transactional reliability but also incentivizes broader incorporation of blockchain technologies due to improved usability and consumer appeal.

The project’s creation sets forth a universal criterion for attestations, which bolsters cross-chain validation processes while cultivating verifiable confidence amongst participants in various sectors. It makes sure that information about attestations stays secure, easy to access, and simple to verify across different blockchain systems, helping to build strong and flexible virtual structures.

Secure Token Distribution

The Sign Protocol plays a crucial role in the secure allocation of tokens, bolstering both the effectiveness and security of token management activities conducted on-chain. By safeguarding token transactions with transparency and integrity, Sign Protocol preserves the essential trustworthiness required for blockchain environments to thrive.

Within Sign Protocol lies TokenTable, an integral feature brimming with various instruments tailored to refine the process associated with distributing tokens. Components such as Airdrop Pro and Unlocker are instrumental in ensuring reliable credential verification while maintaining precise trackability, thus guaranteeing that token dissemination is both compliant and provable.

Implementing the Sign Protocol into one’s approach to handling tokens boosts regulatory adherence and significantly elevates proficiency regarding tracking mechanisms within blockchain initiatives.

Digital Signatures and Consent Verification

The Sign Protocol utilizes digital signatures to authenticate consent and secure the integrity of transactions. It incorporates zero-knowledge proofs, a feature that allows the verification of consent while preserving the privacy of sensitive data contained within attestations.

In this protocol, using digital signatures along with zero-knowledge proofs creates a solid way to check credentials without revealing private information, which is crucial for things like signing documents and executing contracts.

Sign Protocol capitalizes on cutting-edge technologies to offer a solution that ensures safe, compliant confirmation of agreement in blockchain-based activities. The importance of this capability lies in its role in cultivating trustworthiness and affirming the lawful legitimacy of electronic interactions, marking it as an indispensable resource for sectors demanding stringent compliance and security protocols.

How Sign Protocol Works

The Sign Protocol is designed to uphold the security and accuracy of attestations by employing both on-chain verification methods and decentralized storage systems. This method not only bolsters trust between users and other involved parties but also offers an expandable framework for validating claims. By incorporating standardized formats from its Schema Registry, the Sign Protocol simplifies and expedites the attestation process, thus improving consistency and dependability.

This protocol plays a pivotal role in ensuring adherence to compliance standards such as AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. It achieves this by linking wallet addresses with their corresponding KYC validation statuses, which ensures that only those who are compliant can engage in activities within blockchain networks—thereby reinforcing ecosystem safety and integrity.

Lastly, Sign Protocol sets out to continuously harness cutting-edge technologies so as to boost its efficiency and utility during what’s heralded as a new era for technology adoption. Its commitment lies in staying at the forefront of advancing security measures through consistent enhancement of its features.

Writing & Reading Data

The effective operation of the Sign Protocol relies heavily on the accessibility of data. This protocol is composed of an array of elements and subsystems that synchronize to enhance the experience for both novice and advanced users.

Within the Sign Protocol, there are two main types of data: Schema and Attestation, which can be generated through three principal approaches: entirely on-chain, completely via Arweave, or a combination thereof.

Transactions conducted fully on-chain as well as those employing a hybrid approach may commence autonomously. Transactions exclusively utilizing Arweave necessitate initiation via the Sign Protocol API. Once these transactions achieve completion and become recorded onto any compatible blockchain network, they are captured by the indexer known as SignScan.

To access this information, users have several options at their disposal, including querying smart contracts directly from within the chain itself. Moreover, users can also access this information by tapping into Arweave’s storage platform. Or leveraging functionality provided by the tailored API designed for use with SignScan—all ensuring multiple avenues for flexibility in accessing crucial protocol data.

On-Chain and Off-Chain Modes

The Sign Protocol provides a dual-mode option for users to store attestations, allowing them to select either on-chain or off-chain storage based on their requirements. Opting for the on-chain mode delivers superior security and clarity, which is particularly beneficial in scenarios that necessitate strong verification procedures. On top of this, managing data becomes more efficient with on-chain storage.

For those prioritizing cost-efficiency, the protocol’s off-chain mode preserves the authenticity of the attested information linked to its on-chain counterparts without sacrificing security standards. This versatile approach offered by Sign Protocol serves various needs effectively, thus contributing positively toward increasing blockchain integration across different applications.

Hybrid Storage Solutions

The SIGN Protocol presents a blend of secure and cost-effective storage alternatives by integrating both decentralized and centralized exchange storage opportunities. Users are empowered to choose the most suitable storage plan tailored to their individual needs, enabling them to enhance efficiency while maintaining robust security measures.

Employing a hybrid strategy enables diverse organizations to harness the advantages inherent in both decentralized and centralized repositories. Such flexibility offered by Sign Protocol is pivotal for preserving access to data across various applications and sectors, ensuring that all archived attestations retain their integrity and remain readily retrievable.

Applications of Sign Protocol

Over 200 projects have placed their trust in Sign Protocol, reflecting its adaptability and dependability for a wide range of uses. The protocol plays an integral role in facilitating processes like contract signing, verifying credentials, and providing uniform frameworks for attestation. Such use cases underscore the protocol’s proficiency in tackling actual business challenges while boosting procedural effectiveness.

The efficacy of Sign Protocol is evident across multiple sectors, including financial technology and legal services, due to its successful deployments. It serves various purposes, from ensuring secure document execution to managing token distribution efficiently. With Sign Protocol’s solid infrastructure, all operations are conducted with utmost security, allowing for verifiable transactions that adhere strictly to legal norms.

Sign Protocol’s Role in Enhancing Compliance

Many sectors prioritize compliance, and the Sign Protocol is vital in this context. It upholds legal standards by implementing legally binding digital signatures, thereby supporting clear and responsible data exchange within pertinent laws. This function is particularly critical for fintech newcomers and various industries aiming to foster confidence among their users.

Beyond merely providing digital signatures, the Sign Protocol incorporates additional mechanisms like credential verification and consent verification to bolster its adherence to regulations. These features ensure that every transaction can be verified and is legally valid, making the Sign Protocol a crucial tool for organizations aiming to meet regulatory standards.

AML and KYC Compliance

The Sign Protocol plays an essential role in preserving the integrity of financial systems by ensuring adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. It accomplishes this by facilitating effective identity checks and overseeing transactions on several blockchains, a key factor for bolstering confidence in digital dealings while guaranteeing that they comply with legal standards.

Through its EthSign component, SIGN provides digital signatures that have obtained legal acceptance as binding within territories such as the United States, China, and Australia.

Automated Reporting

Sign Protocol incorporates an automated reporting function to simplify compliance for organizations. By automating these tasks, the protocol diminishes the burden on compliance personnel, guaranteeing prompt filing and reducing mistakes. This feature is especially advantageous for entities that must comply with stringent regulations in a timely manner.

The network uses AI-driven applications to improve the reporting process, enabling users to take advantage of advanced technologies like AI agents, which results in more accurate and faster report creation. This strategy boosts productivity and ensures adherence to all regulatory standards, positioning Sign Protocol as a robust solution equipped for future compliance needs. Organizations can also leverage AI-driven applications through integration with their systems to optimize overall business operations.

Sign Protocol Tokenomics

Sign Protocol’s tokenomics are structured to bolster its ecosystem and community via the native digital currency, $SIGN. It plays multiple crucial functions, such as serving universally for utility purposes and operating as a worldwide community-driven currency.

Members of the Sign Protocol collective are motivated to accumulate, pledge their tokens (stake), spend, and innovate additional uses for $SIGN, thereby aligning their personal interests with the expansion and prosperity of the protocol.

By possessing $SIGN tokens, individuals gain access to participating in governance activities related to Sign Protocol while also taking advantage of various incentives on offer. This framework encourages not only active participation amongst community members, but it is also crafted with an eye toward fostering enduring sustainability and encouraging ongoing development within the Sign Protocol.

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Token Allocation

The total supply of $SIGN is capped at 10,000,000,000 tokens, with an initial circulating supply of 12%. The allocation is designed to balance the needs of the community, backers, team members, and the ecosystem.

Specifically, 40% of the tokens are allocated for community incentives, including a 10% TGE Airdrop and 30% for community rewards and future airdrops.

Other allocations include 20% for backers, 10% for early team members, 10% for the ecosystem, and 20% for the foundation. This distribution ensures that all stakeholders are adequately incentivized and that the protocol has the necessary resources to continue its development and expansion.

Source: X

Token Vesting Schedule

The token vesting timetable is crafted to guarantee an equitable and enduring disbursement of tokens.

As an illustration:

• Tokens from the TGE Airdrop are entirely accessible at the time of the Token Generation Event, granting immediate liquidity to initial supporters.
• Investors encounter a one-year cliff followed by a gradual monthly release across two subsequent years.
• In contrast, early team contributors face a similar arrangement yet stretched over three years.

Token allotments for both the foundation and the ecosystem possess prolonged vesting intervals with quarterly releases throughout five years. Meanwhile, incentives aimed at community members as well as forthcoming airdrops begin their phased distribution three months post-TGE and continue for five years in total. Such meticulous organization aims to bolster protocol expansion while simultaneously averting market inundation through strategic token distribution scheduling.

Token Vesting Schedule – Source: X

SIGN Airdrop

The much-anticipated SIGN Airdrop marks a notable milestone for the Sign Protocol community. The first batch of airdrop tokens will be instantly accessible with the TGE on a specially designed page for this purpose. This immediate reward system appreciates and motivates early adopters, thus cultivating robust engagement within the community from day one.

Looking ahead, Sign Protocol might deploy cutting-edge methods to unlock additional future token allocations. For instance, utilizing price-based unlocking mechanisms powered by TokenTable can spur greater enthusiasm among members while promoting more sustainable economic practices within the token’s ecosystem.

To determine who qualifies for the airdrop, an asset snapshot on-chain is scheduled for April 25th, 2025. By adopting such transparent and calculated measures, it ensures that these actions are in harmony with Sign Protocol’s overarching ambitions.

You can check your airdrop here.

Summary

The Sign Protocol marks a noteworthy progression in blockchain validation and attestation, setting up a global benchmark for attestations while facilitating verification across multiple chains. It addresses important challenges related to digital trust and compatibility by introducing key features like secure token distribution and better consent confirmation, showing its commitment to protecting security, improving efficiency, and following regulations.

Looking ahead at what’s on the horizon, the economic model of $SIGN coupled with the anticipated SIGN Airdrop presents intriguing prospects for fostering community participation and expansion. The project transcends mere technological breakthroughs—it heralds an era of heightened safety, transparency, and synergy within the digital landscape.

Frequently Asked Questions (FAQ)

What is Sign Protocol?

Sign Protocol is a comprehensive omni-chain attestation protocol that enables verification and attestation of information across various blockchain platforms, establishing a universal standard for digital trust.

How Does Sign Protocol Ensure Secure Token Distribution?

The Sign Protocol facilitates the secure distribution of tokens through the use of mechanisms such as TokenTable, Airdrop Pro, and Unlocker. These tools support transparency and adherence to regulations during the management process.

Such an infrastructure improves both effectiveness and security in the dispensation of tokens.

What are the Key Features of Sign Protocol?

Sign Protocol incorporates several core components, including Omni-Chain Attestation, Secure Token Distribution, and Digital Signatures & Consent Verification. These elements work together to bolster security and streamline processes within blockchain transactions.

By integrating these features, Sign Protocol establishes a strong foundation for safe and efficient digital engagements.

How Does Sign Protocol Enhance Compliance with AML and KYC Regulations?

Protocol for Signing facilitates adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) standards by providing digital signatures that are recognized as legally binding. It streamlines the process of verifying identities and aids in monitoring transactions across multiple blockchains, which is crucial for meeting regulatory requirements.

What is the Significance of the SIGN Airdrop?

The SIGN Airdrop is of notable importance since it rewards early supporters. It also integrates strategies for future token releases, which are in harmony with the long-term goals of the protocol.

Adopting this strategy not only encourages community involvement but also strengthens the project’s enduring viability.

The post What is Sign Protocol? The First Binance Alpha Airdrop Project appeared first on NFT Evening.

The Unichain ecosystem has rapidly attracted major protocols, including Uniswap — the leading DEX, which now reaches a peak daily trading volume of $85 million and generates over $1.2 million in trading fees.

Why You Should Start Farming Early on Unichain

In mid-April 2025, Unichain announced a $50 million liquidity incentive program in partnership with Gauntlet to support 12 core trading pools.

Within just 48 hours of the program’s launch, the network’s total value locked (TVL) surged from $9 million to over $267 million, propelling Unichain into the top 4 Layer 2s with the highest TVL. Daily active users approached 1 million, while daily transaction count exceeded 2 million – an impressive growth rate for a platform that had only been live for under two months.

Against this backdrop, participating early in Unichain’s farming opportunities not only allows investors to capitalize on low fees and high throughput but also positions them to earn generous rewards from the ongoing incentive campaigns. This may well be the “golden phase” to front-run a rapidly growing Layer 2 that’s gaining traction in both infrastructure and real user capital.

Moreover, for early users, there’s another strong incentive to participate: the possibility of a future Unichain airdrop. Just like Arbitrum, nichain may reward early adopters who actively bridge assets, interact with Uniswap v4, provide liquidity, and swap across multiple token pairs. Using popular bridges like Bungee or Jumper could also boost your eligibility for potential retroactive rewards, both from Unichain and the bridge protocols themselves.

Source: Token Terminal

How to Farm the Unichain Airdrop

What You Need to Prepare

Before farming on Unichain, make sure to have the following assets ready:

• ETH on the Unichain network to cover gas fees. Most transactions cost only around $0.0002.
• If you don’t have ETH on Unichain yet, you can use bridges like Bungee or Jumper to transfer ETH. Using these bridges may also increase your chances of receiving future airdrops from those platforms, or you can buy on Binance and then move to Unichain.

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• Tokens like USDT, WBTC, and ETH on Unichain to participate in farming pools.

Since Unichain is currently running an incentive program, some farming pools are offering APR rates between 100% and 130%.

Steps to Join the Unichain Airdrop

Once you’ve prepared the necessary tokens, follow these steps to start farming:

• Go to the official Uniswap website.
• Click on the Explore tab at the top right of the homepage.
• Look for and select the ETH/USDC (v4) liquidity pool.

As of writing, this pool is offering a relatively high APR of around 130%. By providing liquidity worth just $200, users can earn close to $1 per day, excluding potential additional rewards from future airdrop campaigns.

After adding liquidity to the ETH/USDC pair, users can also provide liquidity to the USDC/WBTC (v4) pool.

At the time of writing, this pool is offering a relatively high APR of approximately 124%.

Tips to Avoid Impermanent Loss

Impermanent Loss (IL) occurs when the value of tokens locked in a liquidity pool diverges compared to simply holding those tokens in a wallet. It’s called “impermanent” because the loss only becomes permanent when the liquidity is withdrawn at an unfavorable price ratio. IL is especially common in volatile asset pairs, where rapid price changes can lead to uneven portfolio rebalancing and reduced returns.

For users looking to minimize Impermanent Loss while farming, there are two main strategies to consider:

1) Use correlated asset pairs: Instead of adding liquidity to volatile pairs like USDC/WBTC or USDC/ETH, users can opt for asset pairs that move in the same direction  such as ETH/wstETH. These pairs significantly reduce, or even eliminate, the risk of Impermanent Loss.

However, the trade-off is that APR tends to be lower, currently ranging from 13% to 20%.

2) Rebalance your liquidity periodically:

If users choose to farm on volatile pools, another strategy is to withdraw and re-add liquidity when price divergence becomes too large. This helps rebalance the portfolio allocation and mitigate potential losses from holding imbalanced assets during large market swings.

Conclusion

Unichain is quickly establishing itself as a high-performance Layer 2 with strong DeFi fundamentals, major ecosystem support, and attractive liquidity incentives.

With APRs exceeding 100% in key pools, early participants have a unique window to maximize returns while positioning for potential airdrops.

Read more: How to participate IDO on Binance Wallet

The post Unichain Yield Farming Guide: Optimize with Over 100% APR appeared first on NFT Evening.

Whether you’re interested in spot trading, copy trading, or exploring high-leverage margin opportunities, WEEX delivers a wide variety of tools to help users navigate the ever-evolving crypto landscape. Come along as we take a closer look at what sets WEEX apart—its trading tools, supported cryptocurrencies, fee structure, mobile apps, and much more—so you can decide for yourself if it’s the one for you.

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WEEX Exchange Review: Summary Table

What is WEEX?