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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

This 3Commas review guide will explain its features, types of trading bots, pricing, supported crypto exchanges, usability, and how to use it to automate your trades.

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3Commas Review: Summary

What is 3Commas?

3Commas is the best crypto trading bot platform that helps you trade digital coins like BTC and ETH. The platform is web-based and connects with popular exchanges like Binance, Coinbase, and KuCoin, so you can manage all your trades and portfolios in one place. 

3Commas is best for its automated trading bots. These bots are tools that trade for you based on rules you set. They work 24/7, so you don’t have to watch the market all the time. The platform offers different bots, like the DCA bot, which buys coins slowly to avoid big price swings, and the Grid bot, which makes money when prices bounce up and down. You can tweak these bots to fit your style or copy strategies from top traders.

It is more than just bots, though. 3Commas provides a SmartTrade feature for manual trading. This feature lets you set stop-loss and take-profit orders to protect your money or lock in gains. The platform is also excellent for tracking your portfolio. You can see how your coins are doing across multiple crypto trading platforms with clear graphs and stats.

The platform is user-friendly with a clean dashboard. You start by signing up, linking your exchange accounts with API keys, and picking a plan. 3Commas has a free version with basic tools, but paid plans—starting at $37 a month—unlock more features like extra bots and signals. It is safe too; your funds stay on the exchange, and 3Commas can’t withdraw them.

Pros

• Easy Automation: You can set up bots to trade 24/7, saving you time. They follow your rules even when you’re not watching, which is great for busy schedules.
• Demo Account: You get a free practice mode to test bots without losing real money.
• Lots of Tools and Bots: Features like DCA Bot, Grid Bot, and Smart Trade give you options for different markets. You can pick what fits your style.
• Exchange Support: It works with big top crypto exchanges like Binance and Coinbase. You can manage all your trades in one place.
• Portfolio Tracking: You will see all your crypto holdings and profits clearly. It’s simple to check how you’re doing without extra work.
• Signal Options: You can use expert signals from the Marketplace or TradingView to start your crypto trading.

Cons

• Costs Money: The free plan is basic, and full features need a paid subscription—starting at $37 monthly which is costly for some users.
• Learning Curve: Setting up bots can confuse beginners. You need to watch tutorials to get it right.
• Signal Risks: Some Marketplace signals are bad, and you could lose cash if you pick a weak one. Research is key.

3Commas Key Features

Smart Trade Terminal

The Smart Trade Terminal is designed to enhance manual trading on cryptocurrency exchanges. It provides traders with advanced tools to execute strategies that surpass the basic market and limit orders typically offered by exchanges. This terminal integrates with multiple exchanges via API keys and allows users to manage trades across platforms from a single interface.

Key features include the ability to set simultaneous Stop Loss and Take Profit orders. Stop Loss protects against losses by automatically closing a trade if the price drops to a specified level, while Take Profit secures profits by closing the trade when a target price is reached. 

Advanced traders can also use Trailing Stop Loss and Trailing Take Profit, which adjust dynamically as the price moves, maximizing gains or minimizing losses without constant monitoring. 

Another notable option is Split Targets, which allows users to sell portions of their holdings at different price levels—e.g., selling 50% at $10,000 and 25% at $11,000—optimizing profit-taking in volatile markets.

The terminal also supports TradingView charts. You can place orders manually or adjust them by dragging them on the chart. Additional features like Smart Cover help recover losses by selling at a higher price and repurchasing at a lower one during market dips.

Crypto Signals

Crypto Signals on 3Commas are actionable triggers that guide trading bots to buy or sell assets based on expert analysis or predefined conditions. These signals are taken from the 3Commas Marketplace. Here, signal providers offer subscription-based strategies. 

The platform also supports free signals, though paid options typically promise higher quality due to their detailed development using technical indicators like RSI or MACD.

Trading signals serve as the “deal start condition” for bots. For instance, a provider might analyze historical market data and current trends to signal a buy when Bitcoin dips below a support level. Now, you can connect your exchange accounts via API, subscribe to a signal provider, and configure a bot to act on these signals automatically. The Marketplace displays performance metrics—such as real profit/loss percentages from other users’ trades.

Some users report consistent profits with reputable signals like CQS Scalping, while others caution against unreliable providers. Signals vary in risk levels—categorized as Stable (top 20% by Sharpe ratio) or Risky—helping users align them with their risk tolerance.

Demo Trading Account

The Demo Trading Account is a risk-free environment provided by 3Commas to help users practice trading strategies without using real funds. It simulates trading on the Binance Spot exchange, offering a virtual portfolio to test bots, manual trades, or signal-based strategies. 

To use it, you need to create a 3Commas account and activate the demo mode and now this mode mirrors live market conditions. You can configure bots—like DCA or Grid—or experiment with Smart Trade settings, observing how these perform against real-time price movements. 

The demo account supports all features, including TradingView integration and signal testing. The demo environment also aids in understanding market volatility’s impact on bot performance. 

For example, a user might test a Grid Bot in a sideways market to see how it buys low and sells high. Results are tracked, providing insights into potential profitability. 

TradingView Signals

TradingView is a leading technical analysis platform that offers over 100 indicators and allows users to create custom strategies using Pine Script. 3Commas connects to these via webhooks and enables bots to execute trades based on user-defined alerts.

To set this up, you need to select “TradingView Custom Signals” as a bot’s start condition, configure a webhook URL in TradingView, and define alerts—e.g., buying when an RSI crosses below 30. The bot then acts on these signals, supporting both Spot and Futures trading across exchanges like Binance and Bybit. 

The integration supports multi-pair trading that monitors numerous assets for optimal opportunities. You can easily adjust order sizes, leverage, and safety orders.

Portfolio Management

Portfolio Management on 3Commas allows you to track your cryptocurrency holdings across multiple exchanges and wallets from one dashboard. You can link exchange accounts via API or add external wallet addresses and gain a consolidated view of your assets, profits, and losses in real-time. 

The interface displays detailed analytics, such as total portfolio value, individual asset performance, and historical trends. 3Commas bots can also rebalance your portfolios—e.g., maintaining a 70% crypto, 30% stablecoin split—by executing trades based on predefined rules.

Automated Trading With Bots

Signal Bot

The Signal Bot is a 3Commas tool that trades for you based on signals—tips from experts or tools telling you when to buy or sell. You must connect it to your exchange, pick a signal source, and let it run. Signals come from places like the 3Commas Marketplace or TradingView, where pros share their ideas. For example, a signal might say “Buy Ethereum now” if the price hits a certain point.

You have to set up the bot by choosing how much to trade and whether it’s for Spot or Futures markets. You can even decide if it does Long trades (buying low, selling high) or Short trades (selling high, buying low). You can tweak the bot too—like adding a Stop Loss to limit losses if the market crashes. It’s good for you if you trust others’ analysis but don’t want to trade manually.

DCA Bot

The DCA Bot uses Dollar-Cost Averaging to help you buy crypto smarter. DCA means you buy a little bit at a time, even if the price changes, to lower your risk.

Here’s how it works: if the price drops, the bot buys more at the lower price. If it keeps dropping, it buys again, spreading out your money. When the price goes up, it sells to make a profit. You can set a Take Profit target—like 3%—and a Stop Loss to protect yourself. You also pick how many extra buys it makes if the price falls, usually 3 to 5 times.

You can start it manually or use signals—like from TradingView—to tell it when to begin. It works on Spot trading and Futures trading, and you can adjust things like trade size or leverage.

Grid Bot

The Grid Trading Bot is made for markets that don’t move much—called sideways markets. You set it up by picking a coin and a price range—like $50 to $60 for a token. The bot then places buy and sell orders in that range, like a grid. If the price hits $51, it buys; if it hits $53, it sells. It keeps doing this to make small profits over and over.

You decide how many orders it places—say, 10 buys and 10 sells—and how much money it uses. The tighter your grid, the more trades it makes, but you need enough cash to cover all the orders. It’s automatic, so you don’t have to watch it all the time. It works best on Spot trading mostly.

3Commas Pricing

3Commas has clear pricing plans to fit different traders’ needs. It offers three main plans: Free, Pro, and Expert. Each one gives you access to tools like trading bots and portfolio tracking, but the features grow as you move up the tiers.

• Free Plan: The Free plan is exactly what it sounds like—zero cost. It is perfect for beginners who want to test the platform. You get basic portfolio tracking, one DCA bot (Dollar-Cost Averaging), one Grid bot, and access to 3 active smart trades. The platform limits you to one active deal at a time, though, so it’s not for high-volume traders. It is a solid way to start without spending a dime.
• $37/month: The Pro plan costs $37 per month if you pay yearly, or $49 monthly if you prefer flexibility. It is a step up, giving you 50 active smart trades, 50 DCA bots, and 10 Grid bots. You also get SmartTrade tools for manual trading with stop-loss and take-profit options. 
• $59/month: The Advanced plan is priced at $59 per month with an annual payment or $79 monthly otherwise. It is built for traders who want more power. You get unlimited 250 DCA and 50 Grid bots, plus access to signals bots for advanced strategies. It also offers unlimited smart trades.

3Commas offers discounts if you pay yearly—up to 25% off compared to monthly billing. You can pay with credit cards, PayPal, or crypto like Bitcoin or USDT, but recurring payments aren’t available with crypto due to technical limits. 

The platform also has a referral program: share a link, and your friends get 10% off their subscription while you earn 40% of their fees as a bonus. You can use that bonus for your own subscription or withdraw it to a USDT wallet once it hits $50.

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3Commas Customer Support

3Commas provides solid 24/7 customer support to keep traders on track. The main support hub is the Help Center on their website. It is packed with articles, FAQs, and guides on everything from setting up bots to fixing API issues. You can search for answers there anytime, and it’s super handy for quick fixes. 

The platform also has a ticket system—submit a request via email (support@3commas.io) or the site, and their team gets back to you. Most users say responses come within a few hours, though Expert plan users get priority, so they might see replies even faster.

3Commas is active on social media too. You can hit them up on Telegram, Twitter, or Facebook. Their Telegram group is especially lively, with staff and community members jumping in to help. It is more informal but works if you need a fast chat. The platform’s support team speaks English and Russian officially.

For bigger issues, like account security or payment glitches, the ticket system is your best bet. The platform doesn’t list a phone number, which some traders might miss, but the online options cover most bases. You also get a dedicated account manager if you’re on the Expert plan or a partner program. 

3Commas Supported Cryptocurrencies

3Commas supports a large range of cryptocurrencies, but it depends on the exchanges you connect. The platform itself doesn’t hold your coins or limit what you trade—it links to your exchange accounts via API keys and trades whatever those platforms offer.

The best crypto exchanges like Binance, Coinbase Pro, and KuCoin are on the list. Binance alone offers over 350 trading pairs, including majors like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), plus altcoins like Cardano (ADA) and Solana (SOL). Other exchanges like Bybit and OKX add futures trading, where you can use bots on BTC, ETH, and top altcoins with leverage. The platform also works with Gate.io, which has over 1,700 pairs. The platform lets you pick any pair your exchange supports for bots or manual trades.

3Commas Design and Usability

3Commas is built to be easy on the eyes and simple to use, even if you’re new to trading. The platform’s design is clean and modern, with a web-based dashboard you can access from any browser. It also has mobile apps for iOS and Android, so you can trade on the go.

The dashboard is where it all happens. It is split into sections like Portfolio, Bots, SmartTrade, and Marketplace, all laid out on the left sidebar. You click what you need, and the main screen updates fast. The platform uses a dark theme by default, which is easy on the eyes, especially if you’re staring at charts all day. You can switch to light mode if that’s your vibe, though. Everything’s labeled clearly, so you won’t get lost.

Setting up is also easy for beginners. You just need to sign up with an email and link your crypto exchange accounts with API keys. The Bots section lets you create DCA or Grid bots with a few clicks and you can pick your pair, set your budget, and hit start. It is very straightforward, but advanced users can also use detailed settings like safety orders or trailing stops.

The mobile apps mirror the web version. You get the same layout, of course, just scaled down. You can check your entire portfolio, change bot settings, or place trades from your phone. It is very smooth and with no major bugs reported lately. The platform’s Portfolio tab shows your balances across multiple exchanges with graphs and stats and you can easily track your wins and losses.

3Commas Security: Is it Safe to Use?

The top 3Commas security measures are encrypted API keys, sign center protection, IP whitelisting, fast connect with OAuth, 2FA, Cloudflare partnership, API disabling after password reset, strong password recommendations, web application firewall, DDoS attack protection, and SSL/TLS encryption.

• Encrypted API Keys: 3Commas uses encrypted API keys to link with your exchange accounts. This setup lets the platform place trades but blocks it from moving your funds or seeing your exchange password. It keeps your funds secure where they’re held on the exchange.
• Sign Center Protection: The platform includes a Sign Center to store API keys safely. It’s a separate system that only signs trade requests when you approve them. This design stops hackers from snagging your keys even if they breach other parts of the platform.
• IP Whitelisting: 3Commas supports IP whitelisting for extra security. You can set it so only specific IP addresses you trust can use your API keys. It prevents strangers from accessing your account from random locations.
• Fast Connect with OAuth: Fast Connect is an option for exchanges like Binance and OKX. It links your account without you typing in API keys manually.
• Two-factor authentication (2FA): 3Commas pushes you to enable two-factor authentication. You enter a code from your phone or app alongside your password to log in. It makes breaking into your account super tough for anyone without your device.
• Cloudflare Partnership: 3Commas teams up with Cloudflare to strengthen its defenses. This service adds firewalls and shields against online attacks like DDoS. It keeps the platform stable and safe from threats trying to crash it.
• API Disabling After Password Reset: The platform cuts off API connections if you reset your password. This stops any sneaky trades if someone messes with your account. It gives you time to fix things without risking your funds.
• Strong Password Recommendations: 3Commas tells you to use strong, unique passwords for your account. A hard-to-guess password that’s not reused elsewhere lowers your hack risk. You can rely on a password manager to keep it safe and easy to remember.
• Web Application Firewall: It uses a Web Application Firewall (WAF) to protect its platform. It filters out harmful traffic and blocks attacks aimed at exploiting website weaknesses.
• DDoS Attack Protection: 3Commas has DDoS attack protection to keep services running smoothly. It stops attackers from overwhelming the platform with fake traffic. This ensures you can trade without interruptions from online floods.
• SSL/TLS Encryption Between Visitors and Origin Servers: 3Commas applies SSL/TLS encryption for all connections between you and its servers. It scrambles data so no one can spy on your info during trades. The platform keeps your details private and secure every time you log in.

How to Use 3Commas?

Step 1: Create a 3Commas Account

First, you need to sign up for 3Commas. Go to their official website, 3commas.io, and click “Sign Up” at the top. You’ll see a form asking for your email and a password. Type in your email—like john@gmail.com—and pick a strong password with letters and numbers. 

Hit “Sign Up,” and they’ll send you a confirmation email. Open your inbox, find the email, and click the link to verify your account. Once verified, log in with your email and password. You now have a free Basic account, which lets you try some features.

Step 2: Connect Your Exchange

Next, you link 3Commas to your crypto exchange, like Binance or Coinbase. Log into 3Commas, click “My Exchanges” on the left, and then “Connect an Exchange.” 

Pick your exchange from the list—say, Binance—and you’ll need API keys. Go to Binance, login, and find “API Management” under your profile. Create a new key, name it “3Commas,” and enable trading but not withdrawals for safety. Copy the API Key and Secret Key. 

Back in 3Commas, paste these into the boxes and click “Connect.” It links up fast, letting your bot trade on your exchange account without giving 3Commas your money.

Step 3: Set Up a Trading Bot

Now, you pick and set up a bot. From the 3Commas dashboard, click “DCA Bot” or “Grid Bot” under the “Bots” section. Let’s say you choose DCA Bot. Click “Create Bot,” pick your exchange (like Binance), and select a trading pair—like BTC/USDT. 

Decide how much money to use, maybe $100, and set a Take Profit goal, like 3%. You can also add a Stop Loss at -5% to limit losses. Choose a signal to start—like a price drop—or start it manually. Hit “Create,” and your bot begins trading based on your rules. 

Step 4: Monitor and Adjust Your Trades

Finally, you keep an eye on your bot and tweak it. Go to the “Bots” tab to see your active bots. It shows your profits, losses, and trades in real-time. If your DCA Bot isn’t making money—like if the market’s flat—you can pause it by clicking “Disable.” Adjust settings—like raising Take Profit to 5%—and save changes. 

Use the “Portfolio” tab to check all your holdings across exchanges. You can also try the Demo Account to test new ideas without risk. This step keeps your trading smart and safe.

Alternatives to 3Commas Comparison

The best 3Commas alternatives are HassBot, Cryptohopper, and Bitsgap. Here is a quick 3Commas vs Cryptohopper, 3Commas vs Bitsgap, and 3Commas vs HassBot review:

Conclusions

To sum up our 3Commas trading bot review, it makes crypto trading easier and smarter for you. You can use tools like the DCA Bot, Grid Bot, and Smart Trade and you can perform automated trading strategies and save time. It connects to your cryptocurrency exchanges, tracks your portfolio, and offers a demo account to practice safely. 

You’ll need to learn a bit to set it up, and paid plans start at $37 monthly for full features. It’s not a guaranteed money-maker and success depends on your strategy and the market. Overall, 3Commas is a great tool if you want control and automation in your trading journey.

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FAQs

Is the 3Commas bot legit?

Yes, 3Commas bot is legit. It’s a real platform used by thousands since 2017, registered in Estonia, and partners with trusted exchanges like Binance. You need to connect it with API keys, and it doesn’t withdraw your digital assets—trades happen on your exchange account only. It’s safe if you use strong passwords and two-factor authentication. Our research shows it’s a solid company, not a fake one, so you can trust it works as promised.

Is 3Commas profitable?

3Commas bot trading can be profitable, but it’s not guaranteed. Profit depends on your strategy, market conditions, and settings. The DCA Bot or Grid Bot can make money, like 1-5% per trade, if you set them upright. Data from 3Commas’ Marketplace shows signal profits vary—some hit 20% monthly, others flop. You need to test and tweak your bots, not just turn them on.

Is 3Commas good for beginners?

Yes, it’s good for beginners with some effort. It has a Demo Account where you practice without real money, which helps you learn. The interface is simple, and Smart Trade makes manual trading easy. Tutorials and customer support are there, so you can figure it out. It’s not super hard, but you need to watch some videos or read guides to start.

Is 3Commas free?

No, 3Commas is not fully free, but it has a free tier. You get a Basic plan for free with limited stuff—like one DCA Bot, one Grid Bot, and Portfolio tracking. Full features, like more Signal Bots or more grids, need a paid plan, starting at $37 monthly with a yearly deal.

How much money can you make with a crypto bot?

You can make 0-20% monthly or even higher, but it varies a lot. Profits depend on your bot, market, and cash. A Grid Bot might earn 1-3% in a flat market, while a DCA Bot could hit 10% in a dip. 3Commas’ data says top signals reach 20%, but most average less. You won’t get rich quick—it’s not certain. Your strategy and timing matter more than the bot itself, so don’t expect millions without a solid plan.

How to connect 3Commas to Binance?

You can connect 3Commas to Binance using API keys. First, log into Binance, go to API Management, and create a key—give it a name and enable trading, but not withdrawals for safety. Copy the API key and Secret key. Then, in 3Commas, go to “My Exchanges,” click “Connect an exchange,” pick Binance, and paste those keys. Save it, and you’re linked.

The post 3Commas Review 2025: Pros & Cons, Features, Pricing, and More appeared first on NFT Evening.

This guide will cover what day trading is, the best cryptocurrency day trading strategies, and how to day trade crypto with a step-by-step guide.

What is Crypto Day Trading?

Crypto day trading is when you buy and sell cryptocurrencies within a single day to make a profit. Traders take advantage of small price changes that happen quickly in the crypto market. 

Unlike long-term investing, where you hold assets for months or years, day trading focuses on fast moves. It’s exciting because the crypto market runs 24/7, giving you many chances to trade. You need to watch prices closely, use tools like charts, and act fast. 

Key factors influencing profitability

The key factors influencing profitability for day traders are high market volatility, liquidity, trading fees, risk management skills, technical analysis, and the latest news.

• Market Volatility: Crypto prices change a lot in a short time, which creates chances to profit. High volatility means you can buy low and sell high quickly, but it also risks big losses. Traders should watch price swings to find the right moments to act.
• Liquidity: Liquidity is how easy it is to buy or sell a crypto without changing its price. Coins with high trading volume, like Bitcoin, let you trade fast with little delay. Low liquidity can trap you in a trade, hurting profits.
• Trading Fees: Every trade costs a small fee on exchanges. If you trade a lot, these fees add up and cut into your earnings. Picking platforms with low fees helps you keep more of your profit.
• Risk Management: Smart traders set limits to protect their money, like using stop-loss orders. This stops big losses if the market turns against you. Good risk control keeps you in the game longer and boosts profits over time.
• Technical Analysis: Charts and tools show patterns in price movements. Traders use them to guess where prices will go next and decide when to buy or sell. Learning these skills improves your chances of making money.
• News and Events: Big news, like a new law or a tweet from a famous person, can move crypto prices quickly. Staying updated helps you trade ahead of these shifts. Quick action on news can lead to bigger profits.

How to Start Day Trading Cryptocurrency?

Step 1: Learn About Cryptocurrency and Trading

First, you need to understand the basics of cryptocurrencies and day trading. Cryptocurrencies such as Bitcoin or Ethereum have sudden price fluctuations, and day trading is the process of buying and selling those assets in one day to benefit from those swings. 

Spend some time learning through credible sources—consider books, video lessons, or introductory-friendly platforms like Coinbase Learn or Binance Academy—to cement your knowledge.

Step 2: Choose a Reliable Crypto Exchange

Next, you’ll need a platform for trading, so choose a dependable day trading cryptocurrency exchange. The best crypto platforms for day trading are Binance, Bybit, Bitget, MEXC, Coinbase, or Kraken, which provide useful features and strong security for traders. 

Ensure the exchange offers affordable fees, quick processing, and supports the coins you’re interested in. After deciding, create an account, complete the verification process, and deposit funds to kick things off.

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Step 3: Develop a Trading Strategy and Budget

Now, it is essential to have a definite strategy, so decide how much capital you can risk. Trade only with the money you can lose because the market is uncertain. Set rules for getting in and out of trades, and use tools such as stop-loss orders to prevent maximum losses. This will keep you disciplined and protect your capital.

Step 4: Test Your Skills with a Practice Account

Most platforms give demo accounts that have you trading virtual money. The arrangement allows you to play with no capital risk. Invest weeks developing your plan, noting how prices act, and feeling out the habits of the markets. When ready, you can make the shift into trading live cash.

Step 5: Start Small and Make Use of Tools

Since you begin with real money, it is advisable to begin small in your initial trades. Make use of some tools, such as market charts, alerts, and trading applications to stay up to date. These sources help identify opportunities due to trends or news flashes. As you gain experience, you can move forward gradually to attempt bigger profits.

Things to Look For When Day Trading Crypto

When day trading cryptocurrency, you must keep an eye on certain things in order to make wise decisions. Here are some important things to observe.

• Price Fluctuations and Volatility: The Prices of crypto can rise or fall quickly, so you have to monitor changes closely. Volatility provides opportunities to buy low and sell high in hours. Keep checking charts to identify patterns and take action at the appropriate time.
• Trading Volume: Volume indicates the amount of crypto being sold and purchased. The higher the volume, the easier it is to get in or out of a trade without price slippage. Find the coins with high activity to steer clear of being stuck in a slow market.
• Market News and Events: Gossip such as government regulations or major announcements can destabilize prices. You need to remain informed, and you can use some crypto news sites or X posts for that. Rapid responses to these news flashes can result in profitable trades.
• Technical Indicators: Indicators such as moving averages or RSI (Relative Strength Index) assist in forecasting the direction of price. Master a few indicators and utilize them to gain confidence.
• Exchange Fees and Speed: All trades incur a fee, and these can nibble into your profits if they are high. Choose an exchange that charges low fees and allows quick transactions. This way, you get to keep more cash and trade effectively.
• Liquidity Levels: Liquidity refers to how quickly you can exchange a coin without changing its price. Well-liquid coins, such as Bitcoin, allow you to swing in and out quickly. Look for this when trading to steer clear of issues with small or new coins.

Best Indicators for Day Trading Cryptocurrency

Here is the list of top crypto day trading indicators:

1. Moving Averages: Moving averages smooth out price data to show the direction a cryptocurrency is heading. You can use a simple moving average (SMA), which takes the average price over a set time, like 10 or 50 periods. When a short-term average crosses above a long-term one, it often signals a good time to buy, while the opposite suggests a sell.
2. Relative Strength Index (RSI): The RSI measures if a crypto is overbought or oversold, using a scale from 0 to 100. A reading above 70 means the price might drop soon, hinting at a sell opportunity, while below 30 suggests it could rise, pointing to a buy. 
3. Bollinger Bands: Bollinger Bands consist of a middle line (a moving average) with two outer bands that adjust to price swings. When the bands widen, it shows high volatility, meaning bigger price moves are coming. If the price touches the upper band, it might be overbought, and hitting the lower band could mean oversold.
4. MACD (Moving Average Convergence Divergence): The MACD tracks the relationship between two moving averages to reveal momentum. It has a MACD line, a signal line, and a histogram showing their difference. When the MACD line crosses above the signal line, it’s a bullish sign to buy; below it, it’s bearish, suggesting a sell.
5. Volume: Volume shows how much of a cryptocurrency is traded in a certain time. A rising volume with a price increase confirms a strong trend, making it safer to follow. If prices move but volume stays low, the trend might not last, warning you to be cautious.
6. Stochastic Oscillator: The stochastic oscillator compares a crypto’s closing price to its price range over a period, usually 14 days. It ranges from 0 to 100—above 80 means overbought, and below 20 means oversold. When its two lines cross in these zones, it signals potential reversals.

Best Crypto Day Trading Strategies

1. Scalping

Scalping is a strategy where traders make small profits from small price changes throughout the day. In crypto, prices move quickly, so you buy a coin when it’s slightly low and sell it as soon as it goes up a little. This happens many times in a day. 

The goal is not to wait for big price jumps but to collect small gains that add up. You need to watch the market closely and act fast because even a small delay can turn a profit into a loss. It works best with coins that have a high trading volume and small price movements.

2. Momentum Trading

Momentum trading focuses on riding the wave of a strong price trend. When a cryptocurrency starts moving up or down quickly with a lot of volume, you jump in and trade in the same direction. 

For example, if Bitcoin suddenly rises because of good news, you buy it and sell it when the rise slows down. The key is to spot the trend early using charts or news updates. You don’t hold the coin for long—just enough to catch the big move. This strategy needs good timing and a clear exit plan to avoid losses if the trend reverses.

3. Range Trading

Range trading happens when a cryptocurrency’s price stays between a high point and a low point for some time. You buy the coin when it hits the low price (called support) and sell it when it reaches the high price (called resistance). 

4. Breakout Trading

Breakout trading involves catching a big price move when a cryptocurrency breaks out of its usual range. When the price crosses a key level—like a high resistance or low support—it often moves fast in that direction. You buy if it breaks upward or sell if it breaks downward. Also, timing is very critical here, and you must watch for false breakouts where the price quickly turns back.

5. News-Based Trading

Crypto prices react fast to news like government rules, company partnerships, or market updates. You must stay updated on X posts, web articles, or crypto news sites. If a coin gets good news, like a major exchange listing, you buy before the price shoots up. If the news is bad, like a hack, you should sell before it drops. 

6. Arbitrage Trading

Arbitrage trading takes advantage of price differences for the same cryptocurrency on different exchanges. For instance, if Bitcoin costs $80,000 on Binaance but $80,200 on Bybit, you can buy it on Binance and sell it on Bybit for a profit. 

The crypto market has many exchanges, and prices don’t always match perfectly. You need accounts on multiple platforms and fast execution because these gaps close quickly. 

You can also check out our in-depth guide on the best crypto day trading strategies.

How to Choose Cryptocurrencies for Day Trading?

• Look for High Trading Volume: Coins with high volume, like Bitcoin or Ethereum, are great for day trading because they move quickly and have lots of buyers and sellers.
• Focus on Price Volatility: For day trading, you want cryptocurrencies that move enough to give you profit opportunities. Coins like Dogecoin or smaller altcoins or meme coins often have big ups and downs in a day.
• Pick Coins with Strong Liquidity: Coins with strong liquidity, like Ripple or Cardano on top crypto exchanges, let you trade large amounts quickly. Low-liquidity coins can trap you in a trade because there aren’t enough buyers or sellers.
• Analyze Historical Performance: Looking at a coin’s past price action helps you spot patterns. Some cryptocurrencies regularly show big daily moves, making them good for day trading. Use charting tools on platforms like TradingView to see how a coin has behaved over the last week or month. If it has a history of sharp rises or drops, it might work for your strategy.
• Consider Exchange Availability: Not all coins are available on every exchange, and some platforms have better tools or lower fees. Choose cryptocurrencies listed on exchanges you trust and use, like Binance or KuCoin. If a coin is only on a small exchange with slow trades or high costs, it’s not ideal for day trading. 

How Does Market Sentiment Affect Crypto Day Trading?

Market sentiment is the overall mood or feeling that traders and investors have about the cryptocurrency market at any given time. It plays a big role in crypto day trading because it directly influences price movements, often more than technical charts or fundamentals. 

When the mood is positive—say, due to excitement over a new blockchain project or a tweet from a famous person like Elon Musk—traders feel confident and start buying. This pushes prices up fast, creating opportunities for day traders to ride the wave and sell at a profit.

On the flip side, negative sentiment can crash prices just as quickly. Imagine a major exchange gets hacked, and news spreads that millions in crypto have been stolen. Fear takes over, and traders sell off their holdings to avoid losses. This panic selling drops prices sharply, giving day traders a chance to short-sell—borrowing a coin, selling it high, and buying it back cheaper after the drop. 

Sentiment shifts like these happen daily in crypto because the market is new and emotional and reacts to news, rumors, and social media buzz.

Conclusion

In a nutshell, crypto day trading for beginners can be the best way to make money, but it takes skill and planning. Start by learning strategies like scalping, momentum trading, or range trading to catch quick price moves. You should choose coins like Bitcoin or Ethereum with high volume and volatility for the best opportunities. 

Also, you must use trusted exchanges like Binance or Kraken for fast trades and low fees. Keep an eye on market sentiment—news and social media can swing prices fast. However, the market is risky, and losses often happen without good risk management. Practice with small amounts first to build experience.

FAQs

Is crypto day trading profitable?

Yes, crypto day trading can be profitable. You can earn money by buying low and selling high within a single day. But profits are not guaranteed. Prices change fast, and risks are high. You need strong knowledge, a good strategy, and fast decision-making skills. Many traders lose money due to poor planning or emotional trading.

How much can a crypto day trader make?

Earnings vary widely among crypto day traders. Some part-time traders might earn between $10 to $100 daily, while full-time traders could make $50 to $500 per day. However, these figures depend on factors like market conditions, trading strategies, and individual skill levels.

Can you make $100 a day trading crypto?

Yes, earning $100 daily through crypto trading is possible but not guaranteed. Achieving such profits requires substantial capital, effective strategies, and a deep understanding of the market. Utilizing leverage can amplify gains but also increases the risk of significant losses. Given the crypto market’s volatility, consistent daily profits are challenging, and many traders may not reach this target. ​

Which crypto is best for day trading?

Bitcoin, Ethereum, XRP, Solana, and Binance Coin are top choices because they have high volume, liquidity, and volatility, making them ideal for quick trades.

What are the best crypto exchanges for day trading?

Binance, Bybit, Bitget, MEXC, Coinbase Advanced, Kraken, and Crypto.com are some of the best day-trading crypto exchanges due to their low fees, high liquidity, and fast trade execution.

Can you day trade crypto on Robinhood?

Yes, Robinhood allows users to day trade cryptocurrencies. The platform offers commission-free trading for various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). However, Robinhood lacks advanced trading features and offers fewer coins, which are crucial for day trading.

The post Day Trading Crypto: A Beginner’s Guide appeared first on NFT Evening.

This guide explains the step-by-step process for buying and selling altcoins to help you make an informed investment decision in the cryptocurrency market. 

What are Altcoins and Why Do People Buy Them?

The term “altcoins” is the short form for “alternative coins” and refers to any other popular cryptocurrency apart from Bitcoin (BTC). The word implies that altcoins are alternatives to traditional government-issued fiat currencies and Bitcoin, the flagship cryptocurrency.

If you’ve been in the crypto assets space for a while, you already know thousands of altcoins are in the market, with the initial ones being launched as early as 2011.

The first altcoins were designed to address Bitcoin’s perceived shortcomings and improve transaction speeds, energy efficiency, low transaction fees, and other related aspects.

Besides their investment potential, people buy altcoins, often perceived as “improved versions” of cryptocurrencies, because they serve various purposes. The most common factors associated with popular alternative coins include utility and broader use cases.

Where to Buy Altcoins

Whether you’re a beginner trying your first altcoin investment or an experienced trader refining your strategy, choosing where to buy your altcoins is your first crucial step.

The crypto space offers various cryptocurrency exchanges with different features, transaction fees, and security measures. Selecting a fast, secure, reliable, and user-friendly centralized or decentralized cryptocurrency exchange is convenient and determines your overall experience and trading outcomes. Some of the top altcoin trading platforms in the market include Binance, OKX, Bybit and MEXC.

Regardless of which exchange you’re using, always verify trading platforms comply with Know Your Customer (KYC), Anti-Money Laundering (AML), and other forms of regulatory compliance to optimize your trading experience.

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How to Buy Altcoins: Step-by-Step

When it comes to buying and selling altcoins, the process involves only a few more steps than buying Bitcoin. Most experts recommend buying BTC and trading it for your desired altcoin since most can be paired with Bitcoin.

While you could get altcoins directly over the counter (OTC) or from other traders, we highly recommend that beginners use trusted cryptocurrency exchanges to avoid fraud.

The following are steps to take when choose to trade altcoins:

Step 1: Decide what percentage of your crypto portfolio you will dedicate to altcoins

Research shows that most altcoins fail within 1.2 years. When speculating on untested coins, you need to divide your crypto portfolio into risky layers. Consider using a portfolio tracker to monitor your coins.

Step 2: Research and find the best coins

Consider factors such as liquidity and trading volume, purpose, adoption rate and community support to decide on which altcoin to buy. Additionally, check whether the coin has an official working website or is supported by your digital wallet or plan to use it.

Step 3: Deposit funds to buy cryptocurrency

Since you can’t purchase altcoins with fiat currency in most cases, you need to buy digital currencies like Bitcoin to swap with your preferred altcoin at the cryptocurrency exchanges you’ll be using.

Some exchanges accept bank transfers credit card purchases from leading financial institutions, so check on the best cryptocurrency exchanges. 

Step 4: Select the right exchange

Once you’ve bought your Bitcoin, scout the cryptocurrency market for an exchange that offers your altcoin. Choose from the available alternatives using factors like daily volumes, currency pairs, hourly trades, and market cap.

Unless you’re an expert, avoid less popular exchanges and choose more liquid ones. The next step is registering for the exchange before using it. 

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Step 5: Select the currency pair

After you register, transfer some Bitcoin from your hardware wallet to the exchange. Since trading is done in currency pairs, you must exchange your BTC for your altcoin. Since the altcoin market is dynamic, always check how the currency pair you selected has traded over the past few weeks or months for reference. 

Step 6: Trade Bitcoin for your selected altcoin

Once you’re ready to proceed, visit the exchange and place a market order to buy. If you’re using the exchange for the first time, take the time to understand how orders work.

Step 7: Transfer the altcoins into your wallet

Once you finish the process, the altcoins you just bought will be live on the exchange. Complete the process by moving your precious cryptocurrencies off the exchange and into your crypto wallet.

There are two types of wallets to store altcoins: a hot wallet connected to the internet and lives on your mobile phone or computer, or a cold wallet, such as a paper wallet or hardware wallet, that isn’t connected to the internet. Cold wallets are considered more secure.

You just learned how to buy and sell altcoins, and started speculating about the future of money. If your crypto’s value escalates, you can reap a good return on investment.

Key considerations to buy altcoins effectively

When it comes to buying altcoins, the following should be your key concerns when making a decision:

• Purpose and Technology Used: Discover the functionality the altcoin serves to determine its potential in the future.
• Market Performance: Evaluating the market performance by analyzing factors like price history and market capitalization to understand how it could perform.
• Community and Support:  An altcoin with a robust and engaged community indicates a healthful ecosystem; monitor social media sites to determine the altcoin’s standing within the community.
• Adoption Rate: The higher the adoption rate, the more likely it is that the altcoin is reliable and capable of attracting more customers and institutions to utilize it for various functions.

How to Select the Altcoin to Buy

There are different types of altcoins to choose from today’s altcoin market, each addressing a different issue within the cryptocurrency space. As a result, selecting the right one from a multitude of choices can be a difficult task.

You need precise criteria to help you evaluate the relevance of any altcoins and their potential return on investment before you add them to your portfolio. Among the essential factors to consider include the following:  

Project and Objective

Select an altcoin with a clear objective, one designed to solve a specific problem. Understand the solution it offers and how it integrates with the broader blockchain and cryptocurrency space.

Development Team

Research information about the professional background and reputation of the development team members. An experienced team with relevant skills increases confidence in the altcoin’s ability to thrive, or whether it has community support.

Liquidity and Trade Volume

An altcoin with enough liquidity and a high trading volume shows it is highly traded, reducing the risk of manipulation or high market volatility. High liquidity guarantees that you can quickly convert your altcoin investment into fiat money or other digital assets.

Among the most popular altcoins you can buy today include several well-established coins with a large market cap, like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE) and Avalanche (AVAX).

Source: CoinMarketCap

Nonetheless, note that many of these have experienced tremendous growth and overcrowding. Consider some lesser-known altcoins with better investment opportunities after carefully researching the altcoin market. This can include low liquidity altcoins like Shiba Inu (SHIB), Toncoin (TON), Polkadot (DOT, Chainlink (LINK), Injective (INJ), and Stellar (XLM), among others.

Most Popular Altcoins to Buy

The following are the best altcoins you can buy right now:

• Ethereum (ETH) – A favorite with program developers because of its potential to develop decentralized applications and smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
• Litecoin (LTC) – A peer-to-peer cryptocurrency that enables fast, near-zero cost payments to anyone worldwide due to its faster transaction speeds and lower fees, often used for day-to-day expenses.
• Stellar (XLM): Stellar is mostly used to facilitate affordable cross-border payments and serve as a bridge currency between different currencies in cryptocurrency exchanges. 
• Ripple (XRP) – One of the most significant altcoins focusing on facilitating an efficient global payment system, designed to provide low-cost cross-border transactions aiming to improve the traditional SWIFT system. 
• Uniswap (UNI) – A governance token native to the Uniswap platform that enables holders to participate in decision-making. 
• Polkadot (DOT)—The DOT token facilitates payments, crypto staking, network governance, transaction fees, and reward incentives, among other things. 

Where to Store Altcoins

Protecting your digital assets is the most critical aspect of investing in the digital currency market because, compared to government-issued currencies, crypto is more susceptible to hacking attacks. Thus, be careful when choosing which crypto wallet to store your altcoins. For hot wallets, Trust Wallet, MetaMask, and Coinbase Wallet are the top choices of most traders.

However, a careful approach to safe storage demands that you use a hardware wallet, which is a physical device that offers offline altcoin storage. Unlike hot wallets, hardware wallets like Ledger, Trezor, and Exodus are not vulnerable to online attacks since they’re not connected to the internet. 

How to Sell Altcoins

The process of selling altcoins resembles the process of buying altcoins:

• Log into your crypto exchange account
• Select the altcoin you intend to sell
• Choose a matching trading pair
• Place a sell order that’s within your preferred parameters
• Wait for a buyer and close the sale after receiving payment.

Conclusion

Altcoins have transformed the crypto landscape and offered exciting opportunities for investors. Whether you choose more established cryptocurrencies or stick to the high-risk, high-reward altcoins, always exercise caution when buying or selling altcoins.  

Frequently Asked Questions (FAQs)

Why do people choose altcoins?

People in the crypto market interested in diversifying their crypto portfolios choose altcoins because they are less expensive than Bitcoin and have more use cases.

What is the difference between altcoin and token?

The main difference between altcoins and tokens is their structure. Altcoins are independent cryptocurrencies with their own blockchains, while tokens operate on top of blockchains and facilitate the creation of decentralized applications (DApps).

What are examples of altcoins?

The most popular altcoins based on market cap include Ethereum, Ripple, Tether, Bitcoin Cash, Bitcoin SV, Litecoin and popular meme coins like DOGE.

What is the purpose of altcoins?

Most altcoins operate as cryptocurrencies, with the main purpose of serving as a store of value and handling decentralized peer-to-peer payments.

What is the best site to buy altcoins?

User reviews show that Binance is the go-to exchange for altcoin traders as it offers the widest selection and an unparalleled diversity of altcoins for trading.

What is the best altcoin to buy?

Solana (SOL) would be the best altcoin to buy as it has a high potential for explosion. The altcoin has developed blockchain infrastructure that aligns with the Web3 era.

What is the best wallet for altcoins?

The best altcoin wallets you can use for your altcoins include Trust Wallet, MetaMask, Coinbase Wallet, and Exodus Wallet.

What crypto coin will give you 1000x?

While it’s impossible to guarantee a 1000x gain in the crypto market, history shows it can happen. Crypto coins like Solana, Polygon, and Shiba Inu have delivered such profits in previous cycles.

The post How to Buy Altcoins: A Complete Guide for Beginners appeared first on NFT Evening.

This article breaks down the essential components and functionalities of Hyperlane to help you understand how it revolutionizes cross-chain connectivity.

What is Hyperlane?

Hyperlane serves as a pioneering framework that enhances the ability of diverse blockchain networks to interact and exchange information.

By integrating more than 140 different blockchains, including notable ones like Solana, Ethereum, and those built using Cosmos SDK, Hyperlane acts as an intermediary translator among these systems. Its advanced capabilities enable users to establish their interoperability solutions swiftly without relying on third-party services.

The vision articulated by the Hyperlane team encompasses a future where all blockchain networks operate in unison within one integrated ecosystem.

Central to Hyperlane’s operational capacity is its innovative Mailbox smart contract system, which functions as an on-chain conduit for interchain message transmission. This groundbreaking feature supports unrestricted cross-chain data transfer, permitting developers working with smart contracts to dispatch varied types of data across multiple blockchains seamlessly.

By using a security model made up of different parts—Interchain Security Modules (ISMs)—Hyperlane allows applications to fully control how they set up their security measures when using the platform’s messaging features.

Currently, Hyperlane has opened its Airdrop Farming Portal via its native site as well as on Binance HODLer Airdrops Program.

Learn more: Binance Introduces Hyperlane (HYPER) on HODLer Airdrops!

Source: Hyperlane

Key Components of Hyperlane

The structure of Hyperlane is founded on multiple essential elements that maintain its effectiveness and operational capability. The components integral to this system are the Hyperlane Mailbox Contract, Warp Routes, and Interchain Gas Payments. Each component significantly contributes to facilitating effortless communication and transactions across different chains.

To grasp how these pieces fortify the network of Hyperlane, it’s important to explore each one in more detail and comprehend their individual contributions.

Hyperlane Mailbox Contract

The primary mechanism for facilitating on-chain dialogue between different chains is the Mailbox smart contract, which acts as Hyperlane’s foundational messaging apparatus. It grants users the capability to dispatch and accept messages that traverse various chains. With critical details like Version, Nonce, Origin, Sender, Destination, and Recipient embedded within its message header structure, Hyperlane ensures each message is properly directed and executed—a testament to their commitment to fostering secure and streamlined interchain exchanges.

Developers can utilize the Mailbox contract to implement hyperlane deployments across a diverse array of blockchain networks that are already operational. This capacity significantly advances interoperability among blockchains while providing a reliable method for users looking to engage in transactions spanning multiple chains.

As an integral element of the hyperlane protocol itself, the well-crafted architecture of the Mailbox contract plays an indispensable role by upholding both security standards and precision during message transference across interconnected networks.

Warp Routes

Hyperlane introduces warp routes as a speedy and cost-effective solution for cross-chain token bridging without slippage. These protocols permit the conveyance of ERC20, ERC721, or native tokens across different chains, thereby streamlining asset diversity in transfers. Warp Routes provide users with enhanced flexibility to perform transactions between various blockchain networks.

One of the primary benefits provided by Hyperlane is its seamless facilitation of token movement from the source chain to multiple destination chains. This capability greatly amplifies asset liquidity and simplifies what might otherwise be complex cross-chain interactions. Through delivering a dependable transport layer within its network infrastructure, Hyperlane’s Warp Routes significantly bolster both efficacy and functionality throughout the Hyperlane network landscape.

Interchain Gas Payments

The Interchain Gas Payment feature streamlines the process of handling gas payments for transactions that span multiple chains by automatically calculating and facilitating these costs for users. It determines the appropriate amount of gas fees based on which blockchain—or origin chain—the user’s transaction began, ensuring accurate payment to support their cross-chain activities. Managing these expenses is critical in enabling smooth operations across different blockchain networks, and Hyperlane has designed a system that enhances ease of use and efficiency.

By taking over the intricacies involved in managing gas payments for interchain interactions, Hyperlane allows users to concentrate more on developing applications that operate across blockchains instead of being bogged down by concerns about varying fee structures. This aspect highlights the importance of this aspect. Hyperlane’s commitment to creating an environment where seamless interoperability between blockchains is a reality.

As such, developers find it increasingly practical to craft and roll out sophisticated interchain solutions with relative ease thanks to this innovation.

Security Features of Hyperlane

The Hyperlane network prioritizes security as a fundamental aspect of its design to safeguard cross-chain interactions. The Mailbox smart contract is pivotal in maintaining the integrity of cross-chain messages by keeping track of message IDs and thereby preventing any repetitive or replay attacks through unique identification.

Each message on Hyperlane is assigned a globally unique identifier coupled with an exclusive number to guarantee that every communication across chains remains distinct.

With its flexible and modular approach to security, Hyperlane allows for enhanced interchain functionality tailored specifically toward diverse application demands regarding reliability and safety measures. Developers have the freedom to choose appropriate security models that best align with their project’s requirements due to this adaptability feature offered by Hyperlane.

Interchain Security Modules (ISMs)

Interchain Security Modules (ISMs) serve as a tailored security framework for developers, ensuring the safeguarding of cross-chain operations and scrutinizing any unauthorized messages.

The variety of ISMs available are designed with distinct roles:

• The Routing ISM reroutes message authentication to a different ISM.
• The Multi-sig ISM confirms message authenticity based on an established proportion of validators’ agreement.
• The Aggregation ISM amalgamates safeguards from various ISMs before endorsing a message.

Validators working within Interchain Security Modules receive compensation through stake reward commissions for their role in validating messages. This rewards system is crucial for incentivizing validators to uphold the safety and accuracy of inter-chain communications.

Smart contracts such as the Gas Oracle monitor external token gas prices and currency conversions. Meanwhile, the Interchain Gas Paymaster Smart Contract oversees transaction fees when dispatching messages across chains.

Hyperlane’s open interoperability platform promises a modular future characterized by extensive customizability. It empowers developers to select optimal security models tailored specifically for their applications — an essential feature that promotes secure, streamlined communication between chains.

Interchain Security Modules (ISMs) – Source: Hyperlane Docs

Separated Agent Infrastructure

Hyperlane’s distinct agent infrastructure facilitates independent operation of transport and security mechanisms, leading to improved performance within the system. This architecture separates various layers, thereby allowing for more effective and scalable activities while ensuring that transactions across different chains are executed with both efficiency and high security.

This structure diminishes the dependency on central intermediaries, fostering a network that is both more decentralized and stronger. By clearly segregating different functions within the system, Hyperlane ensures individual components can be refined independently, enhancing overall efficiency as well as network resilience.

Hyperlane Ecosystem

The Hyperlane ecosystem thrives as a bustling network, linking together more than 140 blockchain platforms, which counts prominent chains such as Ethereum and Avalanche among its connections. Through the creation of these chain links within varied networks, Hyperlane avs is on track to forge an integrated environment where various existing and emerging new chains can effortlessly interact with one another.

By fostering this interconnected landscape, the capabilities and influence of the Hyperlane protocol are significantly amplified. It stands out as a formidable resource for both developers and users alike who seek to engage across different networks through a permissionless interoperability protocol.

Hyperlane huge ecosystem – Source: Hyperlane

Supported Blockchains

Hyperlane provides a robust framework by supporting an array of blockchains, thus enhancing its ability to function and interoperate within various ecosystems. It is not limited to Ethereum. It also encompasses integration with varied environments like the Solana Virtual Machine and CosmWasm. Hyperlane’s extensive compatibility illustrates its adaptability and significant presence in the dynamic world of blockchain, empowering developers to craft interchain applications that capitalize on the unique attributes offered by disparate blockchains.

One of Hyperlane’s principal benefits is its capacity for establishing connections among multiple chains. This feature equips developers with the tools necessary to devise apps that operate fluidly across several connected blockchains, delivering a cohesive and streamlined experience for users. With its comprehensive support for interconnected blockchain networks, Hyperlane positions itself as a crucial player in advancing the frontiers of blockchain interoperability.

Notable Projects

Notable initiatives leveraging Hyperlane include OpenUSDT, which operates as a cross-chain stablecoin, and Renzo, centered on facilitating re-staking across chains. These projects serve as prime examples of the protocol’s capacity to augment cross-chain interactivity and improve the operational stack.

Utilizing the capabilities of the Hyperlane protocol, these endeavors showcase ways in which developers can forge cutting-edge tools that seamlessly connect disparate blockchain networks. This affords users access to a broader array of robust and adaptable applications for cross chain utility with backing from Kraken Ventures.

Hyperlane Tokenomics

The Hyperlane ecosystem’s functionality and security are deeply intertwined with its economic structure, which is encapsulated by what is known as Hyperlane Tokenomics. The initial issuance of HYPER tokens stands at a billion units, serving indispensable roles in the network including staking incentives and bolstering economic security. Notably, transfers over the Hyperlane protocol have reached an impressive sum of $3 billion, underscoring its substantial influence within the blockchain realm.

In terms of securing the network economically, Hyperlane utilizes an algorithm that ties to each domain’s level of economic activity. This way, it keeps the network safe and running well while encouraging validators and others to maintain the system’s reliability, even when there are problems like split liquidity pools.

Beyond simple transactional use cases, HYPER tokens are fundamental elements anchoring down every facet of the Hyperlane infrastructure—they’re essential drivers propelling both expansion and long-term viability throughout the network.

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Token Distribution

The allocation of HYPER tokens is meticulously organized to guarantee an equitable distribution of resources. A majority, 57%, are designated for the community, which includes a specific provision of 7.5% set aside for airdrops. Individuals who were pivotal in the project’s inception receive a substantial share of 25%, while those who supported the venture early on get 10.9%. Meanwhile, the foundation retains a modest portion amounting to 7.1%.

By adopting this model for token distribution, it ensures that various key participants back and nurture the development and expansion of the Hyperlane ecosystem collectively.

Token Distribution – Source: Whales Market

HYPE Token Launch

On August 8, 2024, the introduction of the HYPE token was formally revealed, with its official release planned for the following day on August 9. At the time of this token generation event (TGE), there were exactly 177,700,000 HYPER tokens in circulation. This pivotal occasion marks a major progression for Hyperlane’s network by providing vital resources that will fuel its growth and widespread use.

The anticipation surrounding the announcement and release of HYPE reflected an escalating interest in Hyperlane’s cutting-edge solution to blockchain interoperability challenges. These developments promise progress and enhancements within Hyperlane’s ecosystem and are expected to open up new prospects and directions moving forward.

Staking and Rewards

By participating in the staking of HYPER tokens, individuals help fortify the network while earning rewards as stHYPER, which represents a liquid form of their stake. Users who lock their HYPER into the Symbiotic vault are rewarded with this token, encouraging them to engage more deeply with the Hyperlane ecosystem by both enhancing security and providing an attractive incentive system.

Validators operating within Interchain Security Modules (ISMs) gain commissions for verifying cross-chain messages. These rewards can be amplified through ‘HyperStreak,’ a multiplier that escalates reward totals for users in possession of stHYPER tokens, thereby boosting potential returns from their involvement in staking activities.

This incentive model is crafted to maintain participant engagement by rewarding those contributing towards maintaining robustness and dependability across the Hyperlane network. Such incentives are integral in nurturing its ongoing expansion and prosperity.

Hyperlane Airdrop Portal

To ascertain whether your wallet is eligible for the Hyperlane airdrop, navigate to claim. Hyperlane.Foundation and submit your EVM or SVM wallet address in the “Enter Address” field. Should you qualify, proceed by selecting either “Save Registration” or “Register Now” to affirm your airdrop entitlement.

The portal designed for the Hyperlane airdrop presents users with an outstanding chance to integrate into the Hyperlane network while acquiring HYPER tokens. This involvement allows them not only to earn rewards but also to actively participate in fostering growth within the community that supports Hyperlane.

Hyperlane’s commitment to building an energetic and open ecosystem is evident through this initiative, which aims at enriching user experience and inclusivity across its platform.

Learn more: Check Your Hyperlane Airdrop

Summary

Hyperlane represents a significant advance in the field of blockchain interoperability, offering an integrated system that includes features like the Mailbox Contract, Warp Routes, and Interchain Gas Payments. This framework facilitates smooth communication and transactions across different blockchains while maintaining high security standards through its customizable Security Modules and independent agent structure.

These measures create a secure yet flexible space for both developers and users to operate within Hyperlane’s expansive network which accommodates numerous blockchains as well as prominent projects.

The native HYPER token’s tokenomics fortify the economic stability and operational efficacy of the Hyperlane network. With a strategic allocation plan coupled with enticing stake incentives and reward mechanisms, Hyperlane encourages active participation from participants to support long-term viability. Their approach to community engagement via an airdrop portal invites individuals to take part in this evolutionary step forward.

Anticipating what lies ahead, it is evident that Hyperlane’s dedication to fostering open interoperability along with cross-chain relationships firmly establishes it as an essential entity within the domain of blockchain technology.

Frequently Asked Questions (FAQ)

What is Hyperlane?

Hyperlane is a framework that enhances interoperability across different blockchain networks, enabling users to deploy solutions independently and facilitate seamless communication between chains.

How Does Hyperlane Ensure the Security of Cross-Chain Communications?

Hyperlane keeps cross-chain communications safe by using a flexible security approach that includes Interchain Security Modules (ISMs) and a special agent system, improving both security and transaction speed.

What are Warp Routes in Hyperlane?

Warp Routes enable the rapid and economical bridging of tokens, including ERC20, ERC721, or native tokens, across various blockchains while preventing any slippage during transfers.

Such a proficient mechanism significantly improves the interoperability among blockchain networks.

What is the Next Project to be Listed on Binance after Hyperlane?

NFTevening has already posted an article mentioning potential projects that could be launched on Binance. At the moment, 2 out of 5 projects are announced in Binance including DeepBook (DEEP) and Hyperlane (HYPER).

Learn more: Top 5 projects Could be Listed on Binance

How are HYPER Tokens Distributed?

HYPER tokens are distributed as follows: 57% to the community, 25% to core contributors, 10.9% to early backers, and 7.1% to the foundation.

This allocation emphasizes community engagement and support for key stakeholders.

How Can I Check If I am Eligible for the Hyperlane Airdrop?

To determine your eligibility for the Hyperlane airdrop, visit claim.Hyperlane.foundation and enter your EVM or SVM wallet address.

If you qualify, proceed to complete the registration to secure your future claim.

The post What is Hyperlane: The Best Guide to Cross-Chain Connectivity appeared first on NFT Evening.

XRP was originally called Ripple Labs Inc. and leverages a unique consensus mechanism in its blockchain to validate transactions with blinding speed. This removes the need for centralized intermediaries, cuts transaction fees, and makes settlement in real-time possible. In short, Ripple hopes to revolutionize how money moves through financial networks. Let’s get into the details.

What is Ripple?

Ripple is the name typically given to the company Ripple Labs, the network, RippleNet, and sometimes the network’s native cryptocurrency, XRP. Ripple was founded in San Francisco with the mission of replacing the slow and often costly wire transfers for international transactions with ultra-low-cost and near-instant digital asset transfers. The Ripple network is the bridge that facilitates movement between traditional finance network infrastructures and newer blockchain technology, purpose-built for real-time transaction settlement and liquidity management.

Instead of relying on a proof-of-work model, like Bitcoin, or a proof-of-stake model, like Ethereum, Ripple uses a unique consensus protocol that leverages independent validators for transaction confirmation. This specific consensus mechanism allows a high transaction throughput rate and substantially lower fees than many other networks. This offers big benefits for firms like banks and remittance service providers.

What is XRP?

XRP is the native token of the Ripple network and is designed to serve mainly as a bridge asset. Unlike Bitcoin or Ethereum, XRP was pre-mined, meaning all one hundred billion tokens were created from the outset.

Using XRP on the Ripple network, institutions can transfer different currencies, convert them into XRP, and settle those funds in another currency, all within seconds. On top of that, XRP’s specialized verification process uses independent validations, giving it far more agility than other cryptocurrencies.

How does Ripple Work?

Ripple operates as a payment protocol that enables rapid, low-cost transactions across its network. This design eliminates the need for energy-intensive block creation and allows for high throughput with minimal fees.

Learn more: XRP Deep Dive: A Masssive Player in Today’s Crypto Market

With the elimination of various intermediaries, Ripple significantly reduces friction and value loss in the cross-border payments industry. The Ripple network supports multiple fiat currencies, cryptocurrencies, and many tokens while keeping a very user-friendly experience overall.

Source: Ripple.com

Advantages and Disadvantages of the XRP Cryptocurrency

Advantages of Ripple

• Fast Settlement – Transactions finalize within seconds, making it highly efficient for international transfers.
• Low Transaction Fees – Minimal fees enable cost-effective cross-border payments compared to traditional banking channels.
• Energy Efficient — Ripple’s consensus mechanism requires less computing power than proof-of-work systems, reducing environmental impact.
• Strategic Partnerships: Major financial institutions collaborate with Ripple, adding credibility to the network and its native token.
• Multi-Currency Support: XRP bridges different currencies, enhancing liquidity and simplifying conversions in diverse markets.

Source: XRPL.org

Disadvantages of Ripple

• Centralization Concerns – Some critics argue that Ripple Labs’ ownership of XRP tokens and validation nodes undermines complete decentralization.
• Regulatory Uncertainty – Ongoing legal battles and evolving crypto regulations in different regions may affect XRP’s adoption.
• Escrowed Supply – Large amounts of XRP held in escrow by Ripple Labs create questions about supply dynamics and market influence.

The SEC vs Ripple

One of the biggest perceived risks with XRP has been the ongoing conflict between Ripple and the US Securities and Exchange Commission. In 2020, the SEC filed a lawsuit alleging that Ripple Labs violated investor protection laws by selling XRP to investors.

Ripple Labs has consistently denied these claims. The company maintains that XRP functions solely as a digital asset for international value transfers, instead of any security that the SEC regulates. Breaking news at the time of writing, March 19th, 2025: the SEC has announced that it’s dropping its suit against Ripple.

What Makes XRP Unique?

XRP stands out from other cryptocurrencies due to its focus on fast, low-cost, cross-border payments, as well as its unique consensus type. Instead of serving as an alternative store of value or a speculative asset, XRP was created to bridge international currencies and streamline liquidity management for payment networks and banks.

Ripple Labs has also built partnerships with financial institutions to help build credibility and practicality. That said, the large pre-mined supply and the ongoing escrow mechanism have both attracted and concerned investors, depending on their perspectives on decentralization versus institutional backing.

Source: Ripple.com

What Can You Do with Ripple (XRP)?

XRP brings a long list of practical uses from both the crypto-focused and traditional finance spaces. Through rapid, nearly free transactions, XRP can bridge various national fiat currencies to create smooth, international payments.

This is a crucial feature for both individuals sending money from one country to another, as well as banks and institutional investors that want to cut operational expenses while settling their transactions in seconds instead of hours or even days. Small businesses could also benefit from simplified remittances and streamlined daily transactions.

Not only that, but the unique consensus mechanism in place helps cultivate broader adoption by lowering energy consumption and transaction fees. Payment providers can integrate XRP into their networks, which offers their users improved transparency and lower fees.

Some investors use XRP to manage liquidity on an individual scale, using the token to swap from one currency to another or between cryptocurrency assets easily and quickly. Others simply explore XRP as a more immediate and affordable store of value compared to options like Bitcoin, viewing the recent increase in value as just the beginning.

Source: Ripple.com

How to buy XRP

Here’s a quick rundown of how to buy XRP.

1. First, you’ll need to choose a platform that supports XRP. Most of the top cryptocurrency exchanges, like Binance, Kraken, and Coinbase do.
2. Once you’ve picked a platform, create an account there and go through any KYC or account verification that may be needed.
3. After you’re verified, fund your account by depositing fiat currencies or transferring crypto from an outside source.
4. Search XRP trading pairs based on what you’ve used to fund your account. For instance, if you’ve transferred in BTC, you’ll want to find a BTC/XRP pair if you can, to cut down on fees for multiple trades.
5. Once you’ve found your trading pair, create an order to buy XRP. If you want to spend a specific amount, you’ll want a market order; if you want to pay a specific price, create a limit order.
6. Confirm your order and place the trade. Once the order is filled and the trade is complete, you can move your XRP from the platform to a more secure custodial wallet.

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How to store XRP

1. To store XRP, you’ll need to use a wallet with support for the XRP ledger. Some of the options for software wallets include Trust Wallet and Exodus. More secure hardware wallet options like Ledger and Trezor are available as well. If you have a wallet already, skip to the next step.
2. Now that you have a wallet chosen, you need to create a backup of the wallet and store it securely. Always keep your private keys, seed phrases, and other wallet recovery information secured where only you have access.
3. If you’ve bought or traded XRP on an exchange, you will need to enter your wallet address and initiate a withdrawal. If someone is sending you XRP as an individual, there should be appropriate send & receive provisions in your wallet of choice. Remember to always check addresses before confirming, crypto transactions can’t be reversed.
4. Once the transaction has been completed, check your wallet to verify your updated XRP balance.

The Future of XRP

Like many other cryptocurrency assets, the future of XRP is optimistic but still a little shaky. The health of XRP largely hinges on the outcome of regulatory challenges and the question of large-scale adoption by banks and payment providers. If big banks and payment networks integrate Ripple’s technology, XRP could gain even more legitimacy and even higher liquidity.

However, ongoing legal challenges and market volatility make it obvious that there are still risks associated with the asset. No matter what, supporters are excited about XRP’s potential to revolutionize traditional finance networks and the possibilities it holds for the future of crypto.

FAQs

Is XRP a good investment?

Just like most other cryptocurrencies, proponents of XRP see it as a good investment, but the investment potential for each individual will depend on what their goals are and their level of risk tolerance.

Can XRP reach $10?

With the value of XRP hovering around $2.50 as of March 19th, 2025, and the 52-week low being $0.38, it has seen incredible growth in just the past year. $10 may be possible in the next few years for those with optimism.

Is XRP better than Bitcoin?

“Better” is a difficult metric to define, particularly since they each serve wildly different purposes. Bitcoin is typically thought of as digital gold, while XRP is a token that is used to bridge currencies and power the Ripple network.

How much is 1 XRP worth right now?

As of March 19, 2025, XRP is trading at roughly $2.50.

What is the average transaction fee on XRP?

For most transactions on the XRP ledger, the transaction fee is 0.000010 XRP, or 10 “drops”. At current prices, you could send thousands of transactions for a few cents.

Who created XRP?

Initially, XRP was originally by developers Arthur Britto, Jed McCaleb, and David Schwartz. Together they eventually co-founded Ripple Labs to further expand the network.

The post What is XRP (Ripple)? The Complete Beginner’s Guide appeared first on NFT Evening.

This guide will explain what restaking is, how it differs from staking, and its purpose in cryptocurrency. It will also cover liquid restaking tokens, safety concerns, and top protocols besides EigenLayer.

What Is Restaking in Crypto?

Restaking in cryptocurrency means you can use your staked tokens to secure additional blockchain protocols. In proof-of-stake systems like Ethereum, you need to lock tokens to validate transactions and earn rewards. With restaking, you apply these staked assets to support other networks at the same time. Platforms like EigenLayer lead this innovation. Here, you enhance blockchain efficiency without unstaking your original holdings.

How Does Restaking Work?

Restaking functions through two approaches: native and liquid restaking. In native restaking, you operate an Ethereum node and add software to stake your tokens on secondary protocols. This demands technical skills and acceptance of slashing risks, where networks penalize your funds for violations. 

Liquid restaking streamlines the process. You can stake crypto assets with a validator and receive liquid staking tokens (LSTs) representing your stake. You then restake these LSTs on platforms like EigenLayer to secure other services, keeping your assets liquid. 

Smart contracts manage these transactions for safety and speed. You have to choose actively validated services (AVSs), like Oracle networks or sidechains, to support and earn rewards based on your contribution.

Restaking also improves network security and gives you more rewards. It lets other networks use Ethereum’s security and helps you earn more from the same crypto.

Why Is Restaking Important?

Restaking increases trust, security, and returns in the blockchain ecosystem.

• Higher Rewards – You can earn more by restaking without needing new tokens.
• Better Security – It helps secure new blockchain services.
• Capital Efficiency – It uses the same tokens for many purposes.
• Network Growth – It supports more projects without needing new validators.

Types of Restaking

1. Native Restaking

In native restaking, you directly manage your staked assets to support additional networks. You need to run an Ethereum validator node, which requires technical skills to set up and maintain. You have to install specialized software, such as EigenLayer’s, to extend your staked tokens to secure other protocols, like sidechains or data availability layers. This process keeps your original stake on Ethereum intact while earning rewards from secondary networks. 

Some restaking platforms that support this are Solayer, Solv, BounceBit, and Swell. They let you restake your assets across multiple services and earn rewards by helping secure different parts of the blockchain ecosystem.

2. Liquid Restaking

Liquid restaking offers a simpler, more accessible approach. You stake your assets with an Ethereum validator and receive liquid staking tokens (LSTs), which represent your staked tokens. These LSTs remain tradeable, giving you flexibility. You then restake these LSTs on platforms like EigenLayer to secure actively validated services (AVSs).

Some liquid restaking platforms include Ether.fi, Kelp DAO, and Renzo. They allow you to restake LSTs and earn more from the same staked assets.

Top Restaking Protocols

1. EigenLayer

EigenLayer is a leading restaking protocol built on Ethereum, allowing you to restake your staked ETH or liquid staking tokens (LSTs) to secure additional applications called Actively Validated Services (AVSs). 

You can earn extra rewards by extending Ethereum’s cryptoeconomic security to sidechains, oracles, or rollups. You can participate via native restaking, running a validator node, or liquid restaking, using LSTs like stETH.

2. Solayer

Solayer is the first restaking protocol native to Solana. It enables you to restake your SOL tokens to secure various applications and services. Solayer supports both endogenous AVSs (built within Solana) and exogenous AVSs (external services). By restaking, you can earn yields from multiple incentive layers.

3. Babylon

Babylon is a restaking protocol integrating Bitcoin’s security into proof-of-stake (PoS) blockchains. You stake BTC to secure PoS networks, rollups, or appchains, earning yields without wrapping or bridging assets. Babylon uses a Cosmos-SDK-based protocol, emphasizing user control and liquidity.

4. Ether.fi

Ether.fi is a liquid restaking protocol on Ethereum, letting you stake ETH and receive eETH, a liquid restaking token. You restake eETH on platforms like EigenLayer or Symbiotic to secure AVSs and earn compounded rewards.

5. Symbiotic

Symbiotic is a permissionless restaking protocol on Ethereum, supporting any ERC-20 token, unlike EigenLayer’s ETH focus. You restake assets like stETH or stablecoins to secure customizable networks, choosing operators and slashing conditions. Its modular design and non-upgradeable contracts enhance decentralization and reduce governance risks.

How to Restake ETH and Other Cryptocurrencies?

Step 1: Pick a staking platform

Start by choosing the best crypto staking platform where you can stake your crypto, like ETH or others. For ETH, EigenLayer or Ether.fi are good options because they give you liquid tokens, like stETH, that you can use for restaking. 

Step 2: Set up a crypto wallet

Next, get a wallet that works with your chosen platform. For ETH, MetaMask is popular because it’s secure and connects easily to most staking and restaking sites. If you’re using other coins, you might need Phantom for Solana or Keplr for Cosmos-based chains. 

Download the wallet, write down your private keys, and store them safely—never share them. Add a small amount of crypto to cover transaction fees, like gas on Ethereum. 

Step 3: Stake your crypto

Now, use the platform to stake your crypto. On Lido, for example, you connect your wallet, choose how much ETH to stake, and confirm the transaction. In return, you get liquid tokens, like stETH, that represent your stake. This step is key because these tokens are what you’ll use for restaking. Make sure you understand any lockup periods or risks before staking.

Step 4: Find a restaking protocol

After staking, look for a restaking protocol to earn extra rewards. For ETH, EigenLayer is a common choice, letting you use stETH to support other networks.

Step 5: Deposit to the restaking platform

Once you’ve chosen a protocol, deposit your liquid tokens to start restaking. In EigenLayer, for instance, you connect your wallet, select your stETH, and approve the deposit through a transaction. Check the terms, like how APYs are paid or if there are withdrawal limits. This step activates your restaking, letting your tokens earn more across multiple networks.

Step 6: Track your stake

Finally, keep an eye on your restaked funds. Most platforms have a dashboard showing your rewards and any risks, like validator problems that could cost you. Log in regularly to see how your stake is doing and if you need to claim rewards manually. 

What Are the Benefits of Restaking?

• Higher Rewards: Restaking lets you earn extra income by using the same staked crypto, like Ethereum, across multiple blockchain networks. For example, you might get 3-4% from Ethereum staking plus 1-5% from restaking on protocols like EigenLayer.
• Saves Capital: Instead of locking up new funds for each network, restaking reuses your existing stake. This frees up money for other investments, which is especially helpful for those with limited funds.
• Strengthens Networks: By restaking, you help secure smaller or newer blockchains, making them harder to attack. Stronger networks grow in value, potentially boosting your staked tokens.
• More Flexibility: Liquid restaking gives you tradeable tokens for your staked assets. Unlike traditional staking, where funds are often locked, you can sell or use these tokens anytime.

Risks of Restaking

• Smart Contract Bugs: Restaking often relies on complex smart contracts. If there’s a coding error, your staked assets could be lost or stolen. For example, hacks in DeFi protocols have led to billions in losses.
• Slashing Penalties: If validators you’re tied to misbehave or go offline, you might lose a portion of your stake. In Ethereum, slashing can cost 1-100% of staked funds, depending on the violation.
• Market Volatility: Restaked assets, especially liquid tokens, can fluctuate in value. A market crash could wipe out your staking rewards or reduce your principal, even if the protocol works perfectly.
• Overexposure Risk: Restaking the same assets across multiple networks increases your reliance on one crypto. If that asset—like Ethereum—drops sharply, your losses multiply across all protocols.
• Protocol Failure: Smaller networks you restake on may fail due to low adoption or technical issues. If they collapse, your rewards or staked funds tied to them could vanish.

Future of Restaking

The future of restaking seems bright as blockchains become more connected, but it’ll depend on making rewards worth the risks and keeping things stable as more people join in. As platforms like EigenLayer grow, restaking could change how decentralized finance works, but its success depends on how well it scales, how many people embrace it, and how risks are handled.

Restaking will make blockchains work better together. You’ll secure different systems – like sidechains, rollups, or data networks – with a single stake, connecting them smoothly. This builds a shared security system, letting Ethereum’s strong foundation help newer projects. You’ll help small startups launch faster since they won’t need to create their own validator groups, sparking more creative apps.

Still, there are hurdles to clear. Bugs in smart contracts or penalties for faulty validators can spook people, so we’ll need tighter security, like better checks or safety nets, to keep trust high. If those problems stick around, some might shy away. The rise of tradeable restaking tokens is exciting because they let you cash out or reinvest without being stuck, and those will probably grow.

Conclusion

In a nutshell, Restaking transforms cryptocurrency by letting you use staked tokens to secure multiple blockchain networks, boosting efficiency and rewards. With protocols like EigenLayer, Solayer, Babylon, Ether.fi, and Symbiotic, you can access native or liquid restaking to support diverse applications, from oracles to rollups.

FAQs

What Is the Difference Between Staking and Restaking?

Staking involves locking in your cryptocurrency, like ETH, to validate transactions on a proof-of-stake blockchain and earn rewards. Restaking builds on this by letting you use those staked tokens to secure additional networks, like sidechains or oracles. 

You don’t unstake your assets; instead, you extend their utility. Staking supports one blockchain, while restaking supports multiple simultaneously.

Is Restaking Crypto Safe?

Restaking crypto carries risks and isn’t 100% safe. You face slashing, where networks penalize your funds for validator errors or downtime. Smart contract bugs or protocol failures can also threaten your assets.

What Are Liquid Restaking Tokens?

Liquid restaking tokens (LRTs) represent your staked assets in restaking protocols. You stake ETH with a validator and get LRTs, like eETH, which stay tradeable. You restake LRTs to secure other networks while keeping liquidity. LRTs let you earn rewards without locking funds.

What Is the Purpose of Restaking?

Restaking aims to maximize your staked assets’ efficiency. You secure multiple blockchain networks with one stake. This boosts your rewards without extra investment. Restaking also strengthens new projects by sharing Ethereum’s security.

What Are Other Restaking Protocols Besides EigenLayer?

Besides EigenLayer, Solayer supports Solana-based restaking for on-chain protocols. Babylon lets you restake Bitcoin to secure proof-of-stake networks. Ether.fi offers liquid restaking with tradeable eETH tokens.

The post What is Restaking in Crypto? The Beginner’s Guide appeared first on NFT Evening.

What is Initia?

Initia stands as a transformative network that tackles the challenges of fragmentation and complexity often encountered in the realm of decentralized application (dApp) development. The essence of Initia’s mission is to foster an environment where developers are empowered to focus on innovation rather than navigating technical obstacles.

This synergetic approach not only boosts functionality and cross-compatibility among blockchain applications but also eases developer efforts in crafting scalable, tailored dApps within the initia community.

The structural design underpinning Initia merges orchestration at Layer 1 with scaling solutions from Layer 2, paving the way for a singular blockchain architecture. Such integration amplifies functionalities across dApps while supporting an array of decentralized platforms, such as DeFi services and NFT marketplaces within its ecosystem.

INIT, which represents Initia’s native digital currency, has debuted through a Binance Launchpool announcement—marking another significant stride towards bolstering its imprint upon the ever-evolving blockchain landscape.

Learn more: Initia (INIT) Will be Listed to Binance Launchpool

Source: Initia

The Core Features of Initia Network

The Initia Network expertly melds Layer 1 and Layer 2 technologies to construct an integrated architecture for blockchain networks that effectively meets the essential needs of decentralized applications. This advanced structural design comprises three key elements: the foundational Initia Layer 1, the Interwoven Rollups, and the comprehensive Interwoven Stack.

Together, they amplify scalability, bolster security measures and enhance operational efficiency across the platform while handling complex chain-level infrastructure intricacies.

Aimed at delivering a streamlined development experience within its ecosystem, Initia binds these integral components into a unified framework. At its core lies Initia Layer 1—the bedrock layer, which doubles as a pivotal liquidity hub connecting all associated Interwoven rollups—maintaining unwavering network security while establishing consensus mechanisms.

Interwoven Rollups extend scalable options that present high levels of interoperability along with adaptability tailored for diverse blockchain-powered endeavors. Meanwhile, data management becomes more manageable courtesy of the Interwoven Stack—which equips developers with an exhaustive array of tools and services designed to assist in honing their applications without undue distraction from underlying complexities.

By including these features in its design, Initia effectively overcomes typical infrastructure challenges faced by creators, making it easier to develop decentralized application ecosystems.

The Core Features of Initia Network – Source: Initia

Initia Layer 1

The Initia Layer 1 forms the core infrastructure of the Initia Network, utilizing the Cosmos SDK to establish a sturdy and secure foundation for the broader ecosystem. This pivotal orchestration layer maintains network security, consensus management, and governance protocols that are essential for effective and protected operations on the Initia platform.

By adopting Cosmos SDK’s CometBFT mechanism specifically tailored for smart contracts, Initia Layer 1 delivers a dependable framework capable of scaling seamlessly to meet decentralized application (dApp) development needs.

Centralized within this foundational structure is an orchestrated liquidity provision system, which acts as an integral nexus point supporting all interwoven rollups at Layer 2 with complete interoperability alongside streamlined routing functionalities. The coordination undertaken by this layer assures smooth execution of smart contracts along with steadfast consensus processes and well-structured governance—providing developers with a resilient platform upon which they can confidently create and deploy dApps.

In targeting these crucial facets head-on, Initia Layer 1 underscores its commitment to maintaining not only robustness in network integrity but also enabling assured scalability options—all while backing an expansive array of decentralized applications, thus promoting greater data availability throughout the entirety of the Initia ecosystem.

Interwoven Rollups (Layer 2)

Interwoven Rollups play a crucial role within the Initia ecosystem, serving as versatile and highly compatible Layer 2 solutions developed through the Interwoven Stack. These rollups offer extensive customization capabilities, allowing developers to select their preferred virtual machine (VM), including options like EVM, Move, or Wasm.

Such adaptability ensures that they can forge rollups with heightened efficiency and optimization for their unique application requirements.

These Interwoven Rollups grant users control over gas tokens and fee configurations so that each individual rollup may institute its own system of preferences. Such an arrangement could entail utilizing the INIT currency, stablecoins, or native tokens—or perhaps even an amalgamation of different tokens—to cover gas fees.

Enhancing flexibility is the ability for rollups to determine distinct transaction sequencing protocols. By dictating how transaction data should be handled in-house, effectively boosts their autonomy while participating in the broader network landscape—ultimately empowering them to construct advanced and high-performing Layer 2 applications on top of the Initia network infrastructure.

Interwoven Stack

Initia’s Interwoven Stack is a meticulously crafted platform tailored to streamline the development and deployment process for rollups, significantly simplifying it for developers. In the past, constructing a rollup required considerable effort, as developers were tasked with amalgamating diverse elements like virtual machines and various services, including wallets, explorers, bridges, etc., which often led to the allocation of time and resources away from core application work.

The Interwoven Stack eliminates these complexities by presenting a cohesive environment that effortlessly orchestrates the selection and fusion of essential tools and components.

Equipped with an extensive range of products necessary for initiating and maintaining a rollup, such as bridges, wallets, and explorers, along with compatibility across multiple virtual machines within its unified framework—security isn’t compromised in this package.

The system has built-in features that allow different rollups to work together easily with Initia’s Layer 1 protocol and other blockchain networks. This not only makes it easier for developers to work and be more creative, but it also improves user experiences by enabling smooth communication across different blockchains, showing Initia’s goal of creating a connected blockchain solution.

OPinit Stack: Enhancing Rollup Capabilities

The OPinit Stack stands as the inaugural framework designed exclusively for optimistic rollups within the Cosmos ecosystem, improving upon the functionality of intertwined rollup technology. It is equipped with mechanisms for both fraud proofs and rollback, enabling these optimistic rollups to operate in a manner that is not only streamlined and effective but also trustworthy.

It bolsters efficient data validation processes—all crucial elements of the OPinit Stack that elevate dependability and security across all implemented rollups.

This structure accommodates compatibility with an array of virtual machines, providing developers the liberty to select an optimal smart contract platform environment tailored to their decentralized applications. The integration of such features ensures that rollups underpinned by the Initia ecosystem achieve scalability without compromising on safety or efficiency. Consequently, this empowers developers who aim to create and launch substantial decentralized applications on the Initia platform with greater ease.

Minitswap: Bridging Tokens Efficiently

Minitswap is crafted to overcome the hurdles that come with token bridging, like extended delays and vulnerabilities linked to reliance on single sequencers. It facilitates swift bridging between Initia Layer 1 and users’ chosen rollups, boosting the effectiveness of token exchanges.

It alleviates risks tied to scant liquidity and complications stemming from single sequencer dependencies during token transfers. By offering a more streamlined and safeguarded method for token bridging, Minitswap significantly improves user interaction within the Initia ecosystem.

Consequently, it ensures transactions proceed without hitches while enhancing liquidity provision throughout this network.

Minitswap – Source: Initia

Benefit of Initia

The Initia Network provides a robust array of integrated functions that are advantageous for both developers and end-users. This suite includes the following features:

• An inbuilt decentralized exchange (DEX)
• Collective security mechanisms
• Interoperability between virtual machines through cross-token fungibility
• Direct fiat currency integration channels
• A range of tools designed for developers’ needs
• Incorporation of USDC as a supported stablecoin

By integrating these native capabilities, Initia minimizes the dependency on external service providers, thus facilitating smoother development workflows and hastening deployment processes.

Initia equips developers with extensive software development kits (SDKs) and user-friendly front-end interfaces, which streamline app development activities. These resources allow creators to prioritize innovating while minimizing technical hurdles. Thanks to its flexible and modular structure, Initia empowers builders to operate within multiple programming landscapes, fostering an adaptable ecosystem conducive to growth in decentralized applications.

Unique Aspects of Initia Network

Initia Network stands out with its modular systems architecture, which significantly improves scalability and the ability to integrate. By merging Layer 1 and Layer 2 technologies, Initia simplifies the intricacies developers encounter while creating decentralized applications, offering a fluid user experience.

Initia equips developers with critical tools like a multi-chain block explorer, an Initia wallet, as well as social functionalities that facilitate blockchain development. These features enable straightforward communication throughout the ecosystem through cross-chain messaging and the use of usernames in this interconnected multi-chain landscape.

Another distinctive attribute is Minitswap within the network that elevates user experiences by curtailing extended waiting times typical of optimistic bridge withdrawals. It also lessens risks and addresses issues arising from single sequencers or inadequate liquidity pools.

INIT Tokenomics

The $INIT token is the native cryptocurrency of the Initia Network, with a total supply of 1 billion tokens. The INIT token distribution model promotes sustainability and community engagement, ensuring the long-term success of the Initia ecosystem.

Token distribution details:

• Investors: 15%
• Community Round: 30%
• VIP & Enshrined Liquidity: 50%
• Airdrop: 5%

INIT Tokenomics

Initia Mainnet Launch and Airdrop

The airdrop will distribute 50 million INIT tokens, representing 5% of the total supply, to early adopters and testnet participants. Community and ecosystem initiatives constitute 56% of the total $INIT token distribution, emphasizing the importance of community involvement in the network’s growth.

The allocation for social contributors, testnet participants, and ecosystem partners highlights Initia’s commitment to recognizing and rewarding active participation and contributions within the ecosystem.

The forthcoming debut of the Initia mainnet represents a pivotal event for the network, enabling stakeholders to acquire and employ their $INIT tokens. Following the launch, there will be a 30-day window during which individuals can claim their allocated $INIT tokens from the token airdrop as recognition for early support.

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How to Claim $INIT Airdrop

To qualify for the $INIT airdrop, individuals must have engaged in activities such as participating in the testnet, engaging on social media platforms, or contributing to associated partner ecosystems. Once Initia’s mainnet is operational, those who are eligible should link their wallet to the official Initia airdrop page and adhere to the given instructions there to receive their $INIT tokens.

Participants will have a 30-day period following the initiation of the mainnet within which they can confirm their eligibility and claim their allotted $INIT tokens. The necessary guidance and steps for users to successfully claim these tokens are available on this designated official webpage.

For additional information regarding claiming your $INIT token through this event, you’re encouraged to visit here, which serves as the homepage for all matters concerning the official Initia airdrop.

How to Claim $INIT Airdrop

The Role of INIT Tokens

TThe $INIT token powers the Initia ecosystem, playing a crucial role in both its Layer 1 and Layer 2 offerings. These tokens are multifaceted, being employed for a range of uses such as covering transaction fees, enabling staking, and facilitating governance mechanisms.

Through staking their $INIT tokens, individuals help enhance the network’s security while also gaining the opportunity to engage in liquidity provision and influence decision-making processes within the Initia network through voting.

Holders who actively stake their tokens and participate in governance play a crucial role in fostering the continuous development of the Initia platform. Moreover, $INIT tokens serve as an instrumental tool for Layer 2 projects that aim to cultivate growth sustainably over time by allocating incentives and rewards judiciously.

OIndeed, the versatile utility of $INIT tokens plays a pivotal role in sustaining a robust and secure blockchain environment within Initiа’s landscape.

INIT Price Prediction

According to the NFTevening team analysis, the INIT price at TGE could go up to a range of $0.30–$0.40.

See why: Initia Price Prediction: Pre & Post-TGE Pathway

INIT Price Prediction

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Summary

The Initia Network is set to transform the blockchain landscape by tackling the current issues of fragmentation and intricacy found in decentralized application creation. Its advanced fusion of Layer 1 and Layer 2 solutions offers a cohesive, expandable, and secure framework that caters to both developers and end-users.

With innovative features like Interwoven Rollups and the OPinit Stack, Initia offers a comprehensive range of development tools that enhance user experiences.

Significant developments within the Initia ecosystem are on the horizon with the forthcoming release of its mainnet coupled with an airdrop event for its native $INIT token. The ongoing expansion of this network will heavily rely on active community engagement, which plays a vital role in fostering innovation as well as upholding a decentralized model for governance.

Developers and users who adopt Initia’s offerings can anticipate a more user-friendly, potent, and seamlessly connected blockchain environment moving forward.

Frequently Asked Questions (FAQ)

Is Initia EVM compatible?

Initia is EVM-compatible, as it supports an Ethereum Virtual Machine module, enabling the execution of Ethereum smart contracts within its blockchain environment. This functionality ensures interoperability within the Cosmos ecosystem while leveraging the features of EVM.

What is the Initia Network?

The Initia Network is a Layer 1 blockchain built with the Cosmos SDK that aims to address fragmentation in multichain systems by providing scalable and interoperable app-chain development solutions.

Its integration of Layer 2 scalability tools facilitates deployment of app-specific blockchains for developers.

What is the Purpose of Initia Network?

The Initia Network aims to develop a cohesive ecosystem by merging Layer 1 and Layer 2 frameworks, which will simplify the process and reduce fragmentation challenges faced when constructing decentralized applications (dApps).

How does Initia Layer 1 Contribute to the Network?

The Initia Layer 1 enhances the network by providing fundamental security, consensus, and governance features. It uses the Cosmos SDK to forge a safe and scalable space for developing decentralized applications.

What are Interwoven Rollups?

Interwoven rollups are advanced Layer 2 solutions that provide scalability and interoperability through the customizable Interwoven Stack, allowing adjustments to virtual machines, gas tokens, and transaction ordering.

This flexibility enhances their ability to meet diverse blockchain needs.

The post What Is Initia? A Comprehensive Guide to INIT Token appeared first on NFT Evening.

In this article, we examine the role of crypto venture capital, take a look at different funding stages. We also explore some of the leading investment firms fueling the growth of blockchain-based solutions shaping the future of finance.

What are Crypto Venture Capital Firms?

Crypto venture capital firms fund and mentor many blockchain technology and digital asset-focused startups. Unlike conventional VC investors who might emphasize enterprise software or fintech, crypto VC focuses on projects leveraging distributed ledgers, decentralized applications, or tokenized assets. Such projects can include DeFi protocols, blockchain infrastructure, or even NFT platforms.

How do they work?

To execute investments, these firms pool capital from limited partners (often known simply as LPs) like high-net-worth individuals, family offices, or institutional investors. They then deploy that capital into high-potential crypto projects in exchange for equity or tokens. Alongside funding, the VC firm offers valuable resources like strategic advice, marketing support, and introductions to industry leaders.

Because the crypto market is still emerging, crypto venture capital can be riskier yet also more profitable than traditional investments. Market volatility, regulatory shifts, and rapidly changing technology require crypto VCs to possess deep domain expertise. Successful crypto VC firms often employ analysts, technologists, and thought leaders to spot trends before they become mainstream.

By supporting these projects at early or growth stages, the best crypto venture capital firms catalyze development in the blockchain ecosystem—shaping everything from Layer-1 protocols to specialized decentralized finance products.

Types of VC funding

Venture capital funding typically follows a sequence of stages, each designed to support startups at different points in their growth journey. In the crypto space, these stages remain relatively consistent, though token dynamics and unique exit strategies can add complexity.

Grass funding round – Source: Cryptorank

Pre-seed

Pre-seed is often the earliest form of external funding before a startup launches a product or builds an established user base. It entails raising a small amount of capital, often from friends, family, venture capitalists, or even angel investors at this stage, to fully validate a concept or idea or to develop a prototype. Investors at this stage accept higher risks but can gain substantial returns if the project demonstrates proof of concept and attracts future investors.

Seed

The seed round helps startups refine their offerings and achieve a marketable product. Seed-stage crypto companies may already have a minimal viable product (MVP) showcasing initial traction. Venture capital firms, along with angel investors or specialized seed funds, often contribute capital in seed funding in exchange for equity or tokens. By this point, founders are expected to show a deeper vision for how their project can disrupt the crypto market or blockchain ecosystem.

Series A

Projects progressing to Series A likely have a proven product-market fit and measurable user engagement. In the crypto world, Series A rounds help teams scale technical infrastructure, expand their communities, and launch go-to-market initiatives. Investors typically focus on metrics such as daily active users, total value locked (TVL) for DeFi projects, or unique wallet addresses. Capital raised here may also fund partnerships, ecosystem expansion, and additional product lines.

Series B

By Series B, a crypto startup is aggressively scaling operations, often moving into new markets or building out multiple product verticals. VC firms look for consistent revenue streams, robust security protocols, and a team capable of managing rapid growth. Funding from this round covers further user expansion, international entry, and possibly the exploration of additional blockchain features like cross-chain compatibility or advanced DeFi integrations.

Series C

A Series C round usually indicates maturity, with stable revenue and a clear long-term roadmap. For blockchain projects, this stage can involve strategic investments from institutional funds or corporate partners interested in leveraging the startup’s technology. The raise may help the project pursue acquisitions, integrate with global financial institutions, or position itself for an exit, whether through token issuance, IPO, or strategic merger. By now, the startup is expected to have a significant market impact.

Grass funding round – Source: Cryptorank

List of the Best Crypto VC Investment Firms

1. Pantera Capital

Pantera Capital is among the first U.S.-based crypto venture capital firms, founded in 2013 by Dan Morehead. Originally focusing on Bitcoin, it has since broadened its horizon to become a leading investment manager in blockchain-related projects. Pantera’s strategy covers various stages of crypto VC funding, from seed investments to later rounds, backing innovations in DeFi, blockchain infrastructure, scaling solutions, and beyond.

Pantera gained recognition through investments in projects like Polkadot, Ankr, 1inch, and Bitstamp, showcasing its commitment to driving the evolution of decentralized finance and digital assets. With an extensive global presence, the firm actively scouts early-stage companies pushing the boundaries of blockchain technology. Their portfolio features both crypto-native funds and direct investments aimed at fostering the next wave of protocols, dApps, and enterprise software for the crypto space.

Key to Pantera’s success is a research-driven approach guided by experts with profound experience in technology and finance. They regularly publish market insights—such as the Pantera Blockchain Letter—analyzing trends and opportunities in the cryptocurrency ecosystem. This thought leadership helps attract founders looking for strategic guidance, rather than just funding. Pantera also boasts ties to financial giants, contributing to robust networking and partnership opportunities for its portfolio projects.

The company places a strong emphasis on regulatory and market risk analysis, recognizing the importance of navigating uncertain environments. In doing so, it offers portfolio companies support with compliance measures, global expansion, and technology scaling. Interested entrepreneurs can reach the team through Pantera’s website or social media channels, where they periodically accept pitch submissions.

As one of the most established names in crypto venture capital, Pantera Capital remains committed to accelerating blockchain innovation while adapting to the market’s constant evolution, reinforcing its position as a pivotal force in shaping the future of digital finance.

2. a16z – Andreessen Horowitz

Andreessen Horowitz, commonly referred to as a16z, is a powerhouse in Silicon Valley venture capital. Founded by Marc Andreessen and Ben Horowitz, the firm operates from Menlo Park, California, and boasts a formidable track record across the tech sector. Recently, it has emerged as a leading investor in the crypto and blockchain space, forming a dedicated fund known as a16z Crypto.

This crypto-focused arm invests early in transformative projects ranging from Layer-1 blockchain protocols to decentralized finance applications and Web3 infrastructure. Notable investments include Compound, Dapper Labs, and Yuga Labs, reflecting a16z’s belief in the long-term potential of digital assets. Apart from capital, founders benefit from a broad support network, including marketing, recruiting, and regulatory guidance.

Andreessen Horowitz’s approach emphasizes both technical due diligence and a product-first mindset, ensuring portfolio companies can achieve product-market fit. The team’s emphasis on partnership and community building has positioned it as a core contributor to the broader crypto ecosystem. Entrepreneurs can find investment and funding information on their seed page and find regular thought leadership on the firm’s blogs and social channels, where they share insights about emerging trends and advice for blockchain startups.

3. Paradigm

Co-founded by Fred Ehrsam (former Coinbase co-founder) and Matt Huang (ex-Sequoia Capital partner), Paradigm targets groundbreaking crypto and blockchain startups at various stages. Known for its research-centric approach, the firm combines deep technical understanding with strategic mentorship, driving innovation in areas like DeFi, Layer-1 protocols, and decentralized governance.

Paradigm’s portfolio includes industry-leading projects such as Uniswap, Optimism, and Compound. These investments underscore Paradigm’s thesis around open financial networks and the transformative power of decentralization. With offices in San Francisco, the firm encourages close collaboration with founders, offering help on everything from token economics to regulatory challenges.

In addition to funding, Paradigm stands out for its active involvement in the crypto community. The team frequently publishes technical papers, hosts developer events, and provides resources that foster a knowledge-sharing environment. Startups seeking Paradigm’s backing can explore their collaboration and investment opportunities or attend industry events where its partners actively engage with new ideas and innovative teams.

4. Coinbase Ventures

Coinbase Ventures serves as the investment arm of Coinbase, one of the largest and most trusted cryptocurrency exchanges in the world. Established in 2018, this venture capital initiative extends beyond Coinbase’s core exchange offerings, fueling the wider blockchain ecosystem by investing in early-stage projects with unique value propositions.

Backed by Coinbase’s credibility, the firm’s network spans the globe, granting funded startups instant access to an extensive user base and invaluable industry connections. Coinbase Ventures focuses on a broad array of areas, including decentralized finance protocols, institutional-grade infrastructure solutions, and consumer-facing crypto applications. Their portfolio includes projects like Compound, BlockFi, and Etherscan—each illustrating a preference for scalable solutions capable of transforming the crypto market.

Founders benefit from the brand recognition that comes with a Coinbase Ventures investment, as well as potential integrations into Coinbase’s product ecosystem. Capital from Coinbase Ventures often goes beyond mere finances; teams can receive strategic insight related to regulatory compliance, market expansion, and user acquisition.

A notable feature of Coinbase Ventures is its emphasis on fostering mainstream crypto adoption. By supporting developer tools, on-ramps, and blockchain education programs, they help demystify the cryptocurrency space for everyday consumers. Startups won’t find any funding information on their website specifically, but they may be able to reach the firm through official social channels and industry events. Given the rapid evolution of crypto and blockchain projects, Coinbase Ventures remains an active participant in fueling diverse innovations for the benefit of the entire crypto sphere.

5. Polychain Capital

Source: cryptorank.io

Polychain Capital is a prominent crypto VC fund founded by Olaf Carlson-Wee, the first employee at Coinbase. Since its inception in 2016, Polychain has focused on supporting protocol-level innovations in the blockchain space. This includes projects that push the boundaries of decentralized finance, governance mechanisms, Web3 frameworks, and cutting-edge research on consensus algorithms. By investing early in well-designed protocol architectures, Polychain aims to advance the entire blockchain ecosystem and nurture the next generation of decentralized applications.

The firm has backed a wide range of initiatives, such as Avalanche, MakerDAO, and Compound, highlighting its commitment to building robust open-source communities. Polychain’s team emphasizes rigorous due diligence that considers technology, token economics, and developer engagement. For early-stage projects, Polychain provides a blend of financial support and industry insight, including introductions to other strategic partners.

Based in San Francisco, the firm has expanded its influence across global markets, leveraging ties to research institutions and experienced entrepreneurs. Projects seeking to connect with Polychain Capital can find a link to their investment application process on their simple but effective website. With a belief in blockchain’s transformative potential, Polychain continues to provide funding to fuel experimentation in cutting-edge areas like Layer-2 scaling solutions and permissionless financial services that redefine how people and organizations transact.

6. Binance Labs (YZI Labs)

Binance Labs, sometimes referred to as YZI Labs, is the venture arm of Binance, one of the largest cryptocurrency exchanges. It focuses on uncovering innovative blockchain companies and invests in both early and growth-stage projects spanning DeFi, infrastructure, NFTs, and beyond. Over time, Binance Labs has served as an incubator and launchpad for startups aiming to tap into Binance’s extensive user base.

The firm’s notable investments include companies like FTX (pre-collapse), Polygon, and Axie Infinity, underscoring its willingness to support a variety of crypto-based services and ecosystems. Additionally, Binance Labs provides hands-on mentorship for portfolio projects, with guidance on regulatory concerns, marketing strategies, and technology enhancements. This global perspective helps founders navigate multiple jurisdictions and user demographics.

Teams interested in connecting with Binance Labs can explore application details on their official website. By leveraging Binance’s suite of resources and cross-chain partnerships, these ventures gain exposure to vast liquidity pools and user communities, boosting their chances of sustainable growth in the competitive crypto market.

7. DWF Labs

DWF Labs is a crypto-native investment firm and market maker aiming to provide both financial backing and liquidity support for emerging blockchain ventures. Acting as more than a typical VC fund, DWF Labs combines direct investments with market-making services to help projects achieve stable token markets and deep liquidity pools. This approach can be particularly useful for projects looking to avoid sharp price swings and ensure better trading experiences for their communities.

The team at DWF Labs believes that liquidity is a cornerstone of a healthy crypto project, especially in DeFi and decentralized exchanges. By pairing capital investment with active market participation, DWF Labs helps early-stage companies address typical liquidity issues. The firm’s projects often address cross-chain interoperability, NFT marketplaces, and novel token use cases, reflecting the diverse opportunities within the fast-evolving crypto space. Some of its notable projects are Fetch.ai, Synthetix, Flare Network and Yield Guild Games.

Headquartered in major financial hubs and crypto-friendly jurisdictions, DWF Labs works closely with project founders to develop sustainable token economies. This collaboration involves performing detailed tokenomics analyses, identifying user growth strategies, and establishing robust partnerships that can drive long-term adoption. Because of its dual role as an investor and liquidity enabler, DWF Labs excels at helping teams avoid common pitfalls such as illiquid token listings or misaligned token release schedules.

For projects looking for funding, DWF makes it more straightforward than most, and they have a venture pitch option right on their website. Ultimately, the firm’s mission is to build a strong portfolio of blockchain startups by supporting them not only with funding but also with real-world market insights that can transform well-conceived projects into thriving ecosystems.

8. Alameda Research

Source: Crypto Slate

Alameda Research was founded in 2017 by Sam Bankman-Fried, initially as a quantitative trading firm focusing on digital assets. Over time, it branched out into direct cryptocurrency venture capital and investments, fueling a range of blockchain and cryptocurrency projects. With quantitative strategies at its core, Alameda established itself as a powerful market maker, providing liquidity across numerous exchanges and DeFi platforms.

In terms of investment focus, Alameda Research backed infrastructure providers, decentralized finance protocols, and other blockchain-based projects that aligned with the firm’s vision of scaling digital asset markets. This included collaboration on initial exchange offerings (IEOs) and large funding rounds for companies seeking to revolutionize finance through smart contracts, stablecoins, and tokenized ecosystems. This crypto fund invested in various projects including Polkadot, Tidal, Synthetix, Manta Network, and more.

However, Alameda’s legacy became complex when it was closely linked to FTX, a cryptocurrency exchange launched by Sam Bankman-Fried. The dramatic collapse of FTX raised questions about Alameda’s financial risk management and its role in the exchange’s downfall. Despite these controversies, Alameda’s earlier track record influenced the broader crypto market, demonstrating how quantitative strategies and active market participation could bring liquidity to both established and nascent crypto projects together.

Today, the firm’s activities are in flux, as ongoing legal and regulatory matters cast uncertainty on its future operations. While in the past there were options to communicate with the firm, today no such options are easily found, and the company’s main website has been taken offline. The only digital presence the firm has currently is its LinkedIn page.

Although new crypto companies may hesitate to seek Alameda’s involvement after the controversies, there is no denying the historical impact it had when it backed key protocols in DeFi and derivatives trading. For those studying the crypto VC scene, Alameda Research offers a valuable case study in both the transformative potential and inherent risks present in a fast-moving, often unpredictable industry. Its trajectory highlights the need for transparent governance and robust due diligence in all corners of digital finance.

9. Dragonfly Capital

Dragonfly Capital is a global venture capital fund dedicated to bridging traditional finance and the emerging crypto economy. It invests in a wide range of projects that span DeFi, infrastructure, NFTs, and cross-chain protocols. Founded by Alexander Pack and Bo Feng, Dragonfly emphasizes the importance of fostering synergy among global blockchain ecosystems, with partners and advisory members stationed across Asia, North America, and beyond.

A distinguishing aspect of Dragonfly’s strategy is its commitment to supporting projects that push technical boundaries while also possessing a clear path to mainstream adoption. By leveraging relationships with well-established financial institutions and crypto-native companies, it provides portfolio ventures not only with capital but also with strategic partnerships and go-to-market expertise. This network-based approach allows startups to share knowledge and resources, accelerating their development cycles.

Notable investments in Dragonfly’s portfolio include top DeFi protocols like MakerDAO, derivative platforms such as dYdX, and innovative Layer-1 or Layer-2 solutions that promise faster transactions and lower fees. The firm’s multi-stage investing style means it can inject funds at early stages of product creation, while also participating in larger rounds for more established teams.

Dragonfly’s global reach and diverse portfolio composition help it weather the unpredictable crypto market. Although the firm remains bullish on the long-term potential of blockchain technology, it conducts rigorous due diligence on both technical feasibility and market demand. Founders looking to engage Dragonfly Capital can explore its official website or connect at major industry events, where the team regularly scouts new projects poised to become key players in tomorrow’s decentralized economy.

Conclusion

Crypto venture capital has been instrumental in accelerating the development of blockchain technology and digital assets across the globe. By injecting critical capital, expertise, and professional networks, VC firms enable new ideas to flourish—from DeFi protocols to institutional-grade infrastructures and beyond.

Investment firms shape the evolution of decentralized finance and lay the groundwork for innovations that may redefine how we engage in financial transactions. From Pantera’s pioneering moves in the space to a16z’s unmatched tech pedigree, each VC firm covered here plays a unique role in strengthening the crypto ecosystem. Their track records highlight strategies that balance risk management, regulatory navigation, and bold, long-term bets.

As blockchain startups continue to push boundaries, crypto VCs will remain pivotal allies—fueling ambitious entrepreneurs, growing communities of early adopters, and championing projects that reshape the digital economy for years to come.

FAQs

What is the biggest VC in the world?

Some consider Sequoia Capital among the largest and most influential venture capital firms globally, backing major tech companies like Apple, Google, and Airbnb, across diverse funding stages.

What is VC in crypto?

Crypto VC is a venture capital investment specifically focused on raising funds used on blockchain and cryptocurrency ventures. These funds support early-stage projects, develop core technologies, and accelerate growth in the crypto market.

How does a VC make money?

VCs profit by receiving equity in startups and exiting through acquisitions, IPOs, or token sales. Management fees and carried interest further enhance their returns.

Who are the big investors in crypto?

Major crypto investors include specialized funds like Pantera Capital, Paradigm, and Polychain, alongside diversified players such as a16z, Sequoia, and Digital Currency Group, all supporting various blockchain projects.

How to invest in a crypto venture capital fund?

Accredited investors typically contact a VC firm directly or invest in specialized crypto funds, complying with regulatory requirements.

The post Crypto Venture Capital Funds: Top Crypto VC Firms in 2025 appeared first on NFT Evening.

Designed with a developer-friendly approach, Eclipse can handle intensive workloads, such as high-volume DeFi transactions or complex dApps, without sacrificing performance or user experience. This blog will dig into Eclipse’s core objectives, how it operates, and the tokens that power its growing ecosystem.

What is Eclipse?

The Eclipse network is a modular blockchain architecture capable of every function, without having to create or test new networks, instead relying on proven crypto assets and networks. The main focus is to provide a platform that can easily adapt and scale to any potential demand of increasingly sophisticated applications.

The design of Eclipse is created to facilitate anything from DeFi to far more complex gaming or enterprise solutions. By dividing various operations into dedicated modules that connect to each other, Eclipse makes it easier for platforms to upgrade or change out components without worrying about compatibility issues.

What Is Eclipse Used for?

With a modular architecture, Eclipse has a network separation that ensures each layer focuses on the specialization it was designed for. The result is a more efficient and flexible solution for developers as well as end users.

Under the hood, Ethereum serves as the settlement layer, anchoring the network’s final state for security. Meanwhile, execution tasks run on a Solana virtual machine, which allows ultra-fast parallel processing of multiple transactions with additional Ethereum gas fees.

Data availability, typically a bottleneck for performance, is offloaded to Celestia, ensuring that blocks are well-distributed and verifiable. To maintain correctness and protect privacy, Eclipse employs RISC Zero’s zero-knowledge proving system, adding an extra cryptographic shield to transaction confirmations.

What is $tETH and Unified Restaking Token (URT)?

Eclipse introduces tokens that facilitate cross-chain activity and strengthen network security. Two key tokens are $tETH and the Unified Restaking Token (URT), each playing a specialized role within the Eclipse ecosystem.

Turbo ETH ($tETH) is a fully synthetic token that is created to represent actual bridged ETH that is being used for gas fees and transactions. When you bridge ETH into the Eclipse network, you get $tETH in return.

The Unified Restaking Tokens, or URTs, are created to represent restaked assets from various protocols across networks, letting you earn even more staking rewards. By holding URTs, users are allowed to participate in multiple, simultaneous staking events.

How Does Eclipse Work?

$tETH is a representation of Ethereum’s native ETH token bridged into the Eclipse environment, allowing users to transact within Eclipse-based dApps without leaving the safety net of Ethereum’s security. This bridged asset ensures seamless cross-chain transactions, reducing friction for users who want to tap into Solana-like speeds or advanced DeFi applications without forfeiting Ethereum’s robust consensus.

Meanwhile, URT focuses on restaking, letting users “lock” or redelegate their tokens to support the network in more than one capacity. By linking staking rewards across different layers—settlement, execution, or data availability—URT encourages a harmonious system where each segment of Eclipse is well-secured.

This multi-layer restaking model can optimize yield for participants and reduce fragmentation, ultimately reinforcing Eclipse’s mission of delivering a unified, efficient, and stable multi-chain ecosystem.

Eclipse Mainnet is the live, production-ready environment that implements Eclipse’s modular Layer 2 architecture. It harmonizes the four fundamental components – settlement, execution, data availability, and proving – to deliver a fully functional network with high throughput and low fees.

By distributing these responsibilities across specialized protocols, Eclipse Mainnet offers a flexible, upgradeable framework that developers can tailor for just about any use case imaginable.

Settlement: Ethereum

Ethereum acts as the final layer for transaction settlement and security. By anchoring the network’s state on Ethereum, Eclipse can leverage the robust, battle-tested consensus of the Ethereum mainnet. Any disputes or confirmations ultimately refer back to Ethereum smart contracts, ensuring trustless finality and minimal counterparty risk for participants.

Execution: Solana Virtual Machine (SVM)

For actual transaction processing, Eclipse employs the Solana Virtual Machine. Known for its parallel processing and high throughput, SVM enables multiple transactions to be executed simultaneously, mitigating congestion and high fees.

Data Availability: Celestia

Celestia is tasked with distributing and verifying block data across the network without the overhead of consensus on every transaction. Through Celestia’s specialized data availability layer, nodes can independently confirm that transaction data is published and accessible, improving reliability and preventing data-withholding attacks.

Proving: RISC Zero

To ensure correctness and protect privacy, Eclipse integrates RISC Zero’s zero-knowledge proving technology. RISC Zero allows developers to create zk-proofs that confirm transaction validity, even for complex computations, while shielding any sensitive or confidential data.

Eclipse Ecosystem

Eclipse Mainnet empowers developers across diverse segments by marrying speed, scalability, and security. Several sectors are already tapping Eclipse’s modular approach to build innovative applications while leveraging speed and scalability simultaneously.

Games

Game developers benefit from fast execution and near-instant user interactions. Eclipse’s parallel processing is essential for real-time gaming mechanics, enabling robust multiplayer experiences and complex in-game economies. Popular games include Frost Mammoth, and Worm, a PvP version of the classic “snake” game.

Bridges

Cross-chain bridges like Hyperlane and LayerSwap can leverage Eclipse’s bridging features to transfer assets between Ethereum, Solana, and other networks. This interoperability fosters a more unified crypto ecosystem, reducing siloed liquidity pools and expanding the user base.

Defi

DeFi platforms flourish with lower gas fees and high throughput, allowing for DEXs like SolarDEX, lending pools, prediction markets like Polymarket, and yield-farming protocols to operate efficiently. The combination of Ethereum’s security and Solana’s speed improves user experiences and liquidity depth.

Infra

Infrastructure services, such as oracles or node hosting, can integrate with Eclipse to provide scalable solutions. By distributing workloads across modular layers, these infra providers can ensure reliable data feeds like Etherscan, efficient indexing like Chainlyze.ai, or node services for dApps and end users.

Consumer

Consumer-facing applications benefit from Eclipse’s user-friendly design. Whether it’s a mobile wallet or a social media dApp, developers can build cost-effective, real-time platforms. People can interact with on-chain services at speeds matching or exceeding traditional web apps.

How to Use Eclipse

1. If you’re interested in using Eclipse, the first step is setting up a compatible wallet. Backpack exchange is one of the most popular for use with the Eclipse mainnet.
2. Connect your wallet to Eclipse, either manually or by selecting the Eclipse network if available. Check official documentation for updated RPB endpoints and any chain-specific settings you’ll need.
3. Depending on your goals, you’ll need to acquire the tokens relevant to your needs (tETH for bridging ETH, URT for restaking). Source them from exchanges or official bridges.
4. Now that you’re on the Eclipse network, you can access dApps built on the network, which offer gaming, trading, yield farming, and more.

Eclipse Airdrop

The Eclipse airdrop is ongoing, and users can earn Grass (points) by holding various assets on the Eclipse network. The more Grass you earn before the airdrop, the more skin you have in the game, and the greater the chances of being part of the airdrop. Increase the Grass you generate by using dApps within the Eclipse ecosystem.

First, go to the bridge site and send assets from another network to the Eclipse network. Grass is generated by all of the following assets being stored on the network: ETH, tETH, apxETH, SOL, ezSOL, kySOL, jitoSOL, TIA, stTIA, USDC, and USDT. Then, follow the directions in the Eclipse Discord to register and perform tasks.

FAQs

Has Eclipse released token yet?

The Eclipse token has not been released yet, but the token generation event is expected to launch within the next 4 to 5 weeks, and the dev team will be taking an eligibility snapshot for the airdrop later this week.

How to get Eclipse airdrop?

Sign up, deposit assets, and perform tasks to generate Grass for a better chance of an airdrop. Check out the Eclipse official site or drop in on the Discord for full instructions.

How much is an Eclipse coin worth?

As of April 8, 2025, CoinBrain shows ECP has a value of $0.000000002618, though this is just an estimate as the token has not undergone its TGE yet.

Where can I buy Eclipse?

While listings differ by region, you can generally find Eclipse tokens on major exchanges like OKX and Bybit following its airdop and official release. 

Is Eclipse secure?

Eclipse employs modular layers for execution, settlement, data availability, and proofs, minimizing single points of failure. It relies on proven security from Ethereum and RISC Zero.

What is Eclipse best for?

Eclipse excels at hosting dApps that demand high throughput and low latency while still being secure and affordable. 

The post What is Eclipse? The first SVM Layer 2 on Ethereum appeared first on NFT Evening.

It is also an open-source protocol for securely connecting cryptocurrency wallets to decentralized applications (dApps).

What is WalletConnect?

WalletConnect is a publicly accessible protocol developed to bridge the connection between decentralized applications (dApps) and crypto wallets. By enabling users to connect their wallets with dApps in a secure manner, WalletConnect promotes smooth and protected transactions while safeguarding the privacy of users’ private keys. It serves as an intermediary that enhances interaction between users and decentralized applications, allowing developers to concentrate on building their platforms without jeopardizing the safety of users’ private keys.

Since its inception in 2018, WalletConnect has become widely recognized for providing a reliable and secure method for integrating supported wallets—including Ethereum wallets—across multiple blockchain networks with various dApps. The end-to-end encryption utilized by WalletConnect ensures that private keys remain confidential within your crypto wallet whenever you choose to use services like NFTs or others enabled by WalletConnect.

In essence, WalletConnect stands out as an ideal solution because it enables individuals to smoothly access dApps via their preferred wallet interface, making it perfect for those aiming to improve accessibility across different blockchain environments without compromising security standards.

Source: WalletConnect

How WalletConnect Operates

WalletConnect functions by creating a secure, encrypted session between the user’s wallet and the dApp through either QR codes or deep linking. This method guarantees that critical information like private keys is securely kept within the wallet, preventing exposure to the dApps during transaction activities.

To protect communications between the wallet and dApp, WalletConnect employs both Transport Layer Security (TLS) and end-to-end encryption. It offers an easy solution for linking desktop browser-based dApps with mobile wallets via scanning a QR code.

WalletConnect Technology

WalletConnect Network’s foundational technology more closely resembles the off-chain infrastructure of Web2 than a conventional blockchain setup. It utilizes a database based on permissionless rendezvous hashing, incorporating multiple critical elements. The network’s reliability and resilience in data distribution are underpinned by Service Nodes, which leverage consistent hashing for a distributed database.

To enable secure and uninterrupted transactions, Gateway Nodes are deployed to handle encrypted communications and guide data exchange between wallets and apps. Notably, the Relay Service distinguishes itself by linking users’ wallets with decentralized applications (dApps) through end-to-end encryption. This feature guarantees that sensitive details like transaction hashes or private keys remain concealed from the relay to protect user privacy.

Structured to be completely open for participation, the network permits any individual to operate either a Service Node or Gateway Node – contributing both to an enhanced decentralized internet experience and bolstering security via an open-source connectivity protocol designed for seamless interactions among users.

Network Participants

The WalletConnect Network is supported by a collection of integral contributors, each essential for the network’s operation and security. Those responsible for running the service nodes maintain the network’s foundational storage layer, whereas those overseeing gateway nodes are in charge of secure message transmission and data flow between wallets and applications.

End users utilize hardware wallets to handle their blockchain keys and digital assets across two devices, connecting to this network through the use of WalletKit SDK. Meanwhile, decentralized apps generate activity on the platform with options for direct integration or through existing SDKs. This approach streamlines how applications interact with user wallets.

End users tap into every facility offered within this unified ecosystem—ranging from utilizing wallets to engaging with various apps—all via relay and database nodes that ensure fluidity in connection amongst all parties involved.

Network Participants

Service Nodes

Service nodes play an essential role in the WalletConnect Network by providing a backbone for storing and handling messages that are encrypted from end to end. These nodes employ rendezvous hashing, which guarantees uniform distribution of data throughout the network, thereby increasing its reliability and fault tolerance. Since these service nodes cannot decrypt or access the content within the messages they process, they preserve user privacy.

Technical Architecture​

WalletConnect’s framework is tailored to accommodate clients that might be disconnected for substantial durations by employing a “mailbox” approach, which stores messages so they can be accessed once the client reconnects. This design, which uses rendezvous hashing, is based on database technology that has proven to scale effectively in leading databases such as Cassandra and DynamoDB. The nodes are predominantly developed using Rust, enhancing performance and security, while integrating RocksDB for essential lower-level tasks.

There’s ongoing exploration aimed at transforming the database relying on rendezvous hashing into an entirely permissionless structure. A significant upcoming step involves sharing a detailed technical blueprint with the community for evaluation. This strategic combination of proprietary solutions with tried-and-tested components offers a user-friendly and secure method for handling sensitive information without compromising network integrity or safety.

WCT Token Information

The WalletConnect ecosystem heavily relies on the WCT token for its dual purpose: it functions as a reward system and also facilitates governance within the network. A hard cap has been set at 1 billion tokens for the initial supply of WCT, which supports the onchain user experience (UX) ecosystem by allowing participants to engage in governing the network while obtaining rewards.

Subsequent subsections will delve deeper into how this token operates and is allocated, both vital aspects that contribute significantly to maintaining secure and effective functionality across the network.

Token Allocation

The distribution of WCT tokens is structured to bolster different components within the WalletConnect network. The WalletConnect Foundation receives 27% of the tokens, while airdrops and team members each receive 18.5%. Incentives make up 17.5%, early supporters are granted 11.5%, and essential development work receives a provision of 7%.

Such an arrangement guarantees that every vital sector obtains sufficient resources, thereby fostering the expansion and resilience of the ecosystem.

Source: WalletConnect

Token Utilities

Within the WalletConnect Network, WCT tokens fulfill four key roles. At its inception, usage of the network is free of charge. Token holders possess voting rights, which could enable them to introduce service fees for aspects like relay utilization at a later time. To foster engagement and bolster both security and efficiency within the network, WCT tokens are awarded as incentives.

Staking these WCT tokens grants participants not only rewards but also governance privileges—empowering them with influence over how the network progresses. Governance stands out as a vital component since it permits owners of WCT to have their voices heard on various updates and decisions through casting votes—thereby ensuring that control over the course taken by the network lies in the hands of its community via a decentralized approach to governance.

WCT Season 1 Airdrop

WalletConnect Network has established a method for recognizing and compensating its most engaged and knowledgeable users through the Season 1 WCT airdrop. This strategy involves employing an intricate scoring mechanism to pinpoint individuals who are highly involved with and have a comprehensive grasp of the network.

Such identified users have been called upon to assume crucial roles within the ecosystem, gaining chances to be involved in governance as well as staking activities. In this initial Season 1 dispersal event, WalletConnect will allocate an aggregate of fifty million WCT tokens to three distinct groups: Community Distribution, Independent Contributors, and Strategic Partners.

Airdrop Allocation​

In the initial airdrop for Season 1, a total of 50 million WCT tokens are distributed among three specific groups. The most substantial portion, amounting to 30 million WCT, is designated for Community Distribution. This is succeeded by both Independent Contributors and Strategic Partners who are equally allocated with 10 million WCT apiece. By employing this distribution approach, WalletConnect aims to incentivize its ecosystem’s most active and crucial members, thereby nurturing an environment that encourages cooperation and mutual support.

Airdrop Allocation​

Setting Up WalletConnect

Users need to install a mobile wallet application, like Trust Wallet, from their device’s app store to set up WalletConnect. When accessing a dApp via a browser, users should select the WalletConnect option after clicking ‘Connect Wallet,’ which will generate a QR code for linking. Using the ‘Scan QR code’ feature in the Trust Wallet app, users can capture the QR code displayed by the dApp to initiate the connection process.

After scanning the QR code, Trust Wallet prompts users to manually approve the connection request, allowing them to confirm before proceeding. Once the wallet app approves the connection, the dApp identifies the wallet as connected, allowing users to initiate transactions.

This secure connection process ensures that private keys remain on the user’s device, providing a safe and efficient way to securely connect with dApps through secure connections and encrypted connections while keeping private keys.

Using WalletConnect with Mobile Wallets

Using WalletConnect with mobile wallets is a simple and secure process. Use WalletConnect. The wallet connect works.

Here are the steps to follow.

1. Install your preferred wallet application, such as Trust Wallet, on your mobile device.
2. Visit the dApp’s platform and click ‘Connect Wallet.’
3. Select the WalletConnect option to initiate the connection.
4. The dApp will generate a QR code, which you must scan using the Trust Wallet app.

By following these steps, you can easily connect your mobile wallet to the dApp.

After scanning the QR code, the wallet prompts the user to approve the connection request. Once approved, the connection is established, allowing users to engage with the dApp securely. This process ensures secure and seamless transactions between the user’s wallet and the dApp, maintaining privacy and security throughout. To scan a QR code, users can follow the prompts provided by their wallet.

Using WalletConnect with Desktop Wallets

Establishing a connection between a desktop wallet and WalletConnect follows an analogous procedure. As an instance, when users intend to link Ledger Live with a decentralized application (dApp), they first must take the QR code shown by the dApp upon selecting WalletConnect and then input this code into Ledger Live, setting off the linkage process with said dApp. Notably, Ledger Live facilitates connections for accounts on Ethereum, Polygon, and Binance Smart Chain via WalletConnect.

Source: Uniswap

It’s crucial for both security purposes and operational effectiveness that users diligently manage their WalletConnect sessions. Within Trust Wallet’s app interface lies the option to inspect active dApp connections as well as sever them accordingly. By providing this functionality within the app itself, it guarantees that users can assert dominion over their existing links, effortlessly dismissing any superfluous or undesired ones whenever necessary.

How to Farm WCT on Binance Launchpool

Acquiring WCT on the Binance Launchpool is an effortless task. To begin, access your account on Binance. Move to “Trade,” proceed to “Spot,” and exchange your chosen stablecoin for BNB by placing a limit order at the most favorable price.

Subsequently, venture over to “Simple Earn” and opt for Flexible Staking with your amassed BNB tokens to accrue WCT token rewards. Once staking concludes, the Launchpool initiative will distribute tokens hourly.

Learn more: WalletConnect (WCT) will be listed on Binance Launchpool. How to farm WCT on Binance Launchpool?

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Benefits of WalletConnect

WalletConnect provides numerous advantages, chief among them enhanced protection. By storing private keys on the user’s mobile device, WalletConnect ensures they remain shielded from browsers or dApps—greatly reducing the risk of security violations. Every transaction necessitates approval by the user, thereby adding an extra safeguard and reinforcing security.

Crafted to facilitate secure and frictionless interactions with dApps, WalletConnect employs QR codes for effortless connections that even those with minimal tech expertise can easily manage. It also extends compatibility across a diverse array of wallets and blockchain networks, promoting greater interoperability within an increasingly interconnected ecosystem.

One notable feature is its capacity to permit smooth transitions between various wallets without disruption. With WalletConnect, users have the convenience of linking multiple wallet types across different blockchain platforms—a level of adaptability not always present in other offerings—that enhances its appeal among many individuals seeking a reliable wallet protocol solution.

Common Issues and Troubleshooting

Even when utilizing the well-constructed WalletConnect, users may run into regular challenges, such as connectivity problems. Should this issue arise for you, a suggested solution is to sever any active connections through your settings before refreshing the decentralized application (dApp).

On devices running iOS, particularly if they are operating on iOS 15, users may experience persistent connection issues in Mobile Safari due to a software glitch. To tackle these issues effectively, it’s often necessary to clear out all prior sessions associated with WalletConnect and try establishing the connection once again.

Difficulties involving QR code links are typically addressed by resetting your web browser’s local storage.

To maintain heightened security standards, WalletConnect automatically terminates sessions after they’ve been inactive for some time. In cases where your session times out or becomes disconnected for other reasons, you have the option of simply scanning the QR code again to re-establish your connection.

Comparing WalletConnect to Other Solutions

Upon evaluating WalletConnect against other solutions, several distinctive features become apparent. It has established connections for an impressive tally of over 23 million wallets and 6,000 decentralized applications (dApps), which underscores its extensive acceptance and trustworthiness in the space. With more than 500 wallet apps already integrated into its system, WalletConnect sustains a wide-ranging ecosystem.

Contrary to MetaMask, which is predominantly utilized as a browser extension, WalletConnect uniquely employs QR codes to establish secure links between mobile wallets and dApps. This feature offers users a distinctively safe avenue for creating these important digital associations. It boasts compatibility across various blockchain platforms such as Ethereum, Solana, and BNB Chain—thereby enhancing interoperability significantly.

For full functionality of the protocol within decentralized applications (dApps), support for version 2 of WalletConnect is imperative. Alternative techniques, such as using MetaMask, might be required in the absence of this integration. Thanks to its broad support encompassing several types, including mobile devices desktops, and browsers, WalletConnect emerges as not only versatile but also the favored option among numerous users looking for connectivity solutions.

Future Developments in WalletConnect

In the coming year of 2025, WalletConnect is poised to unveil a series of noteworthy enhancements. The introduction of WalletConnect v2 promises to revolutionize the user experience by enabling simultaneous connections between multiple accounts and decentralized applications (dApps), thereby significantly improving functionality. Smart Sessions are set to be rolled out, offering users seamless ongoing interactions with various apps without repeated authentication requirements.

The forthcoming update will also include Link Mode, which aims at streamlining reconnection processes for wallets and dApps—this feature is anticipated to notably refine how new connections are established, consequently elevating the overall user journey. WalletConnect intends to expand its array of connection options to bolster both decentralization and security within its ecosystem.

Lastly, emphasis on on-chain governance will become more pronounced as token holders gain voting rights concerning substantial network developments. These advances demonstrate a commitment not only to progression but also to engaging the community through the protocol’s open-source framework. Guaranteeing continual evolution based on collaborative input from stakeholders.

Summary

WalletConnect stands out as an influential and reliable protocol designed for linking crypto wallets with decentralized applications (dApps), thereby improving the user interface through steadfast connections. It accommodates numerous wallets and various blockchain infrastructures, promoting an interconnected ecosystem.

The WCT token is pivotal within this network, providing incentives, staking options, and control over governance decisions. As WalletConnect continues to evolve with new updates and enhancements regularly being made, it’s poised to maintain its essential role in shaping the decentralized web landscape.

Frequently Asked Questions (FAQ)

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How does WalletConnect ensure the security of my private keys?

WalletConnect ensures the security of your private keys by utilizing end-to-end encryption, keeping them on your device and never exposing them to decentralized applications or browsers. This approach effectively protects your keys from unauthorized access.

What should I do if my WalletConnect connection fails?

If your WalletConnect connection fails, disconnect all active sessions in Settings, reload the app, and re-scan the QR code.

For iOS users, resetting the local storage on the web browser may also be necessary to resolve the issue.

Can I use WalletConnect with both mobile and desktop wallets?

Yes, you can use WalletConnect with both mobile and desktop wallets, facilitating smooth interactions across various platforms.

What are Smart Sessions in WalletConnect v2?

WalletConnect v2’s Smart Sessions offer users the advantage of sustained connections across multiple applications, eliminating the need for frequent re-authentication and thus simplifying the user experience by making interactions more seamless.

How are WCT tokens allocated?

WCT tokens are allocated with 27% to the WalletConnect Foundation, 18.5% for airdrops, another 18.5% to the team, 17.5% for rewards, 11.5% to previous backers, and 7% for core development.

This ensures a balanced distribution across various stakeholders.

The post What is WalletConnect? Everything about WCT Token appeared first on NFT Evening.

Babylon Network Overview

The Babylon network aims to augment the security of PoS blockchains by providing Bitcoin holders with opportunities to generate yields, drawing upon Bitcoin’s strong security foundations. By incorporating this robust model from Bitcoin into decentralized environments, the Babylon network contributes significantly to enhanced protection and system performance. The primary elements that uphold Babylon’s approach to shared security include a Bitcoin staking protocol, timestamping protocol, and data availability protocol—all functioning in synergy for secure and streamlined processes across the platform.

Babylon functions as an integration layer that fortifies PoS blockchains with Bitcoin’s renowned security, surpassing its traditional role as a value store. This pioneering framework melds the dependability of Bitcoin with PoS flexibility, which greatly improves both efficacy and trustworthiness within these networks. Events such as the initiation of the Babylon genesis mainnet and the Babylon genesis launch event mark key milestones in this process.

As of today, the Bitcoin staking protocol has a total of $4.112 billion in total value locked inside, showing significant usecases.

BTC holders can engage through collaborative efforts facilitated by Babylon. They have the option to stake their Bitcoins thereby bolstering multiple consumer chains, all while receiving rewards—this not only fortifies but also extends scalability throughout various facets within the expansive Babylon ecosystem.

Babylon Network Overview

Investors

The Babylon project has attracted considerable backing and investment from leading venture capital entities, showcasing a high level of market trust in its pioneering strategy. Totaling $88 million USD, the funding was distributed across four distinct rounds. Renowned investors such as YZI Labs, Paradigm, Polychain Capital, OKX Ventures, and the Babylon Foundation have contributed to these rounds.

Such fiscal support highlights the promise and legitimacy that the Babylon project holds within the realm of cryptocurrency.

Source: Babylon

Partners

Babylon has forged significant alliances with several protocols, including Bedrock, Particle Network, Lombard, and Cosmos Hub. These strategic collaborations play an essential role in bolstering the Babylon network’s security and improving its functional effectiveness.

By partnering with these entities, Babylon gains access to a wider ecosystem that supports strong and secure functioning across various blockchain networks.

Source: Babylon Blog

How Babylon Works

The Babylon Genesis operates as an independent Layer 1 blockchain that harnesses the robust security features of Bitcoin. It empowers Bitcoin holders to confidently stake their bitcoins and earn rewards by participating in validation processes within Proof of Stake networks and chains. This groundbreaking approach to staking presents considerable benefits for decentralized finance, offering enhanced cross-chain security.

Moreover, it introduces innovations to blockchain technology by enabling BTC holders to keep control of their coins while engaging in Bitcoin-secured networks (BSNs).

By incorporating Bitcoin’s renowned security infrastructure and integrating it with the Bitcoin Babylon ecosystem, the protocol amplifies both safety and functionality across various other blockchain platforms.

The goal is clear: Babylon endeavors to transform how BTC holders engage with decentralized systems by creating a secure environment paired with lucrative staking opportunities within its cryptographic landscape.

Dual Staking Model

It utilizes a twofold staking approach that includes both BTC and BABY tokens, boosting the economic robustness and dependability of the network by leveraging the advantages inherent to Bitcoin as well as BABY tokens. Those possessing Bitcoin have the option to stake their BTC within the confines of the Babylon Network while maintaining complete sovereignty over their holdings. Similarly, those with BABY tokens are presented with opportunities to accrue rewards by engaging in token staking alongside validators through Bitcoin staking.

Incorporating this bipartite staking mechanism serves not just to provide holders of both Bitcoin and BABY tokens with avenues for reward generation but also underscores a cooperative stance on bolstering security across various blockchain infrastructures using Bitcoin’s established protection measures. By doing so, it proliferates Bitcoin’s trusted security framework on decentralized platforms, ensuring all stakeholders benefit from an assuredly secure and effective staking landscape.

Bitcoin Timestamping Protocol

The timestamping protocol employed by the Babylon network leverages Bitcoin’s blockchain to safeguard against long-range assaults, bolstering Bitcoin’s defense mechanisms through precise record-keeping of occurrences. It effectively thwarts double-spend attacks on networks such as Akash and secures data accessibility.

Consequently, this approach not only amplifies the security infrastructure of the Babylon network but also offers guarantees of verifiable security.

Bitcoin Staking Protocol

The Babylon Bitcoin staking protocol enables Bitcoin owners to engage in direct staking on the Bitcoin blockchain. This is achievable without having to wrap or bridge their staked Bitcoins. By using this method, BTC holders can retain complete control over their funds while participating in native Bitcoin staking and leveraging the capabilities of Bitcoin scripts.

Babylon’s innovative approach allows BTC enthusiasts to contribute stakes directly on PoS networks while eliminating the need for intermediaries or bridging services. Consequently, liquidity remains intact and new applications become possible. The main benefit is that it uses the strong security features built into the Bitcoin system to create a safe and efficient space for users involved in this new way of managing assets through its special staking protocol.

BABY Token Staking

The purpose of BABY token staking is to delegate tokens to validators for transaction validation and consensus. BABY token holders can earn rewards, which include a 4% reward for Bitcoin staking as part of the overall 8% annual inflation.

By staking BABY tokens with validators, holders contribute to network security and earn rewards, enhancing the economic security of the Babylon network.

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Babylon Coin Utilities

BABY is integral to the Babylon ecosystem, where it serves a pivotal role in regulating transaction fees, influencing governance choices, and dispensing staking incentives. As the foundational currency of the Babylon Genesis network, BABY streamlines transactions and bolsters governance activities to foster efficiency and reduce operational costs. The principal purpose of BABY Coin lies in facilitating Bitcoin staking as well as offering governance capabilities that bolster both security measures and overall functionality within the Babylon network.

Holders of BABY tokens wield influence over key protocol decisions by participating in governance through proposing initiatives and casting votes that shape how the Babylon network operates. Utilizing these tokens for settling transaction fees leads to streamlined processes within this digital infrastructure while simultaneously incentivizing member participation with rewards for staking their coins—actions that collectively strengthen the security framework of this burgeoning financial system.

Governance and Voting

Control over the Babylon Coin’s governance is shifting from a central team to a model driven by its community, granting users increased influence. Holders of the BABY token have the capacity to put forward and determine outcomes on key decisions concerning the protocol, thus affecting how the Babylon network is governed.

In instances where a staker abstains from voting, their vote defaults to that of their validator. This mechanism guarantees that all assets staked within the system contribute to governance decisions.

Transaction Fees

Within the Babylon Genesis network, BABY tokens are essential for handling transaction fees, thereby facilitating effective functioning. The utilization of BABY tokens to manage these costs allows for seamless and economical processes by marrying Bitcoin’s robust security features with the adaptability offered by smart contracts in the realm of decentralized finance.

Staking Rewards

Holders of BABY tokens can stake their tokens with validators to support network operations and earn rewards. This combination of stake rewards and network security enhances user participation within the Babylon ecosystem.

Enabling BTC staking on proof-of-stake (POS) chains allows Babylon to maintain liquidity and broaden use cases, including unlocking Bitcoin’s potential, earning incentives, and transaction fees.

Tokenomics of BABY

BABY tokens are integral to maintaining the economic, governance, and security framework of the Babylon Genesis network. The ecosystem is fortified by a finite number of BABY tokens capped at 10 billion, establishing an immutable economic environment that bolsters various roles and promotes active involvement within the Babylon community. Tokens are distributed thoughtfully across different sectors, including community rewards, research initiatives, private stakeholder investments, and foundational team members, to achieve a harmonious and productive token allocation.

Babylon Coin’s (BABY) monetary policy sets its inflation rate at a steady 8% per annum. This rate aims to compensate stakeholders fairly while preserving fiscal equilibrium throughout the Babylon ecosystem. By implementing a twin staking mechanism that honors both Bitcoin and BABY holdings equally. It stimulates user engagement while fortifying the overall integrity and capability of the system’s infrastructure.

Total Supply and Distribution

The Babylon network has instituted a fixed economic structure by capping the total supply of BABY tokens at 10 billion. The distribution of these tokens is categorized as follows:

• Community incentives receive 15%
• Private investors are allocated 30.5%
• 18% for R&D + Operations
• 3.5% for Advisors
• Ecosystem Building gets 18%
• The remaining allocation 15% is for the core Team

This carefully planned allocation contributes to the financial stability of the Babylon network while maintaining an equitable distribution of token resources among various segments.

Inflation Rate and Incentives

The Babylon Coin (BABY) experiences a yearly inflation rate of 8%, which is strategically implemented to benefit those who stake their coins and to uphold the economic balance across the Babylon ecosystem. This carefully determined rate guarantees equitable rewards for holders of both Bitcoin and BABY tokens, promoting active engagement from participants within the system.

By employing a dual staking mechanism, user involvement in asset staking is fostered, reinforcing network security. Such participation plays an essential role in bolstering the robustness and unmatched safety features characteristic of the Babylon network’s infrastructure.

Ecosystem Expansion

Enhancing the Babylon ecosystem is pivotal to increasing its functionality and achieving more widespread use. There are exactly 1.8 billion tokens earmarked for fostering growth within the ecosystem. The utilization of Babylon’s advanced technology has resulted in heightened scalability, establishing its significant role within a larger decentralized environment.

Such deliberate expansion is vital for allowing Babylon to persistently innovate and meld with an array of blockchain initiatives, amplifying its influence across the board.

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Future Developments

Babylon is setting its sights on evolving from a centrally managed governance model to one that’s driven by the community, enabling holders of the BABY token to steer the course. The ability to trade Babylon Coin (BABY) will be unlocked on April 10, 2025, and following closely behind, withdrawal capabilities will commence on April 11, 2025.

Such progress underscores Babylon’s dedication to fostering decentralization and placing decision-making power into the hands of its community—a noteworthy leap forward for the platform.

Airdrop Details

The initiative is crafted to encourage and reward engagement among early backers by distributing BABY tokens, serving as an incentive for those involved in the Babylon ecosystem. It intends to enhance community participation while acknowledging individuals who aid in expanding and safeguarding the network.

Airdrop Recipients

To qualify for the BABY token airdrop, individuals must fulfill specific deposit and trading assignments. During the airdrop initiative, 6% of the entire supply of BABY tokens was distributed to participants.

Once participants have obtained their BABY tokens through the airdrop, they are empowered to engage in governance decisions, stake their tokens, and make use of diverse features available throughout the Babylon ecosystem. This strategy is designed to both acknowledge and encourage early contributors’ active participation within the network.

Learn more: Binance Introduces Babylon (BABY) on HODLer Airdrops Program

Distribution Process

Tokens that are airdropped will be automatically dispatched to qualified wallets following the launch of the mainnet. Separate announcements will be made for each individual airdrop campaign, with an emphasis on clear and transparent communication.

The selection of wallets eligible to receive the airdrop is based on whether specific tasks have been fulfilled by participants. This approach guarantees that the distribution process is both equitable and effective.

Summary

Babylon Coin (BABY) is transforming the decentralized finance landscape with its cutting-edge staking protocol. By incorporating the formidable security framework of Bitcoin into Proof of Stake (PoS) blockchains, it amplifies both network protection and operational effectiveness. This innovative approach not only secures a lucrative staking opportunity for Bitcoin enthusiasts but also strengthens their assets’ safety through dual-layered staking mechanisms, strong partnerships, and a robust economic strategy—placing Babylon at the pinnacle of digital currency innovation.

As Babylon evolves and widens its reach within its ecosystem, it becomes more apparent how dedicated they are to maintaining decentralization and endorsing active community engagement. The move towards governance by community consensus, coupled with announcements regarding future trade options as well as withdrawal schedules, reflects this commitment vividly. An inclusive airdrop initiative underscores Babylon’s resolve in creating an accessible yet fortified platform for every member involved.

These progressive steps signal that Babylon is setting itself up to be a significant player in shaping the trajectory of decentralized financial systems going forward.

Frequently Asked Questions (FAQ)

What is Babylon Coin (BABY)?

Babylon Coin (BABY) is the native cryptocurrency of the Babylon Genesis network, functioning as both a governance and utility token. It facilitates Bitcoin staking, secures transactions, and supports governance activities within the Babylon ecosystem.

What is BABY Price Prediction?

Babylon Coin (BABY) could go in between 0.084 USD and 0.14 USD.

Check out the reasons: Babylon (BABY) Price Prediction: Pre & Post-TGE

How does the dual staking model work in Babylon?

In Babylon, the innovative dual staking model enables users to stake BTC as well as BABY tokens, thereby fortifying economic security and bolstering network dependability. By merging Bitcoin’s solidity with the flexibility of Proof of Stake systems, this arrangement allows participants holding these tokens to receive rewards from both types of assets.

What are the utilities of the BABY token?

Within the Babylon Genesis network, the BABY token is fundamental as it plays a role in governance and pays for transaction fees while also offering staking rewards.

The functions of this token are vital to enable transactions to proceed smoothly and maintain the effective functioning of the ecosystem.

Who are the major investors in the Babylon project?

The major investors in the Babylon project include notable venture capital firms such as YZI Labs, Paradigm, Polychain Capital, and OKX Ventures, contributing to a total funding of $88 million across multiple rounds.

How does the airdrop program work for BABY tokens?

The airdrop program rewards early supporters with BABY tokens upon completing specific deposit and trading tasks. Eligible wallets After the mainnet launch, recipients automatically receive the tokens, enabling them to participatee in governance, staking, and other ecosystem functions.

The post What Is Babylon Coin and How It Enhances Bitcoin Staking appeared first on NFT Evening.

As a programmer, writer, and thought leader, Buterin’s contributions have propelled the crypto space forward, inspiring developers to build software for a decentralized future. This article explores his life, accomplishments, and the lasting impact he has on the crypto industry.

Who is Vitalik Buterin?

Vitalik Buterin is a Russian-Canadian programmer, writer, and entrepreneur who co-founded Ethereum in 2013. Renowned for his contributions to blockchain technology, Buterin championed Ethereum’s smart contract functionality, propelling the network beyond simple peer-to-peer transactions. His philosophical foundations revolve around decentralization, community governance, and the belief that blockchains can transform various industries, from finance to social media.

Source: Bloomberg

Before creating Ethereum, Buterin co-founded Bitcoin Magazine, where he explored the potential of cryptographic transaction ledgers. This early involvement in the Bitcoin community shaped his understanding of blockchain’s shortcomings, motivating him to address problems such as limited scripting capacity and network congestion. Recognized by prominent economists and technologists, Buterin has received accolades, including a World Technology Network award, for his forward-thinking vision of the blockchain revolution.

Today, Buterin remains an influential figure in crypto, advocating for advanced scaling solutions like shard chains and sustainable approaches like proof of stake. Through the Ethereum Foundation and various crypto projects, he encourages developers around the world to collaborate on open-source initiatives and harness blockchain’s power for real-world impact.

Vitalik Buterin’s Personal Stats

Full Name: Vitaly Dmitrievich Buterin

Birthplace: Kolomna, Russia

Nationality: Russian-Canadian

Education: Briefly studied computer science at the University of Waterloo

Notable Works: Co-founder of Ethereum, co-founded Bitcoin Magazine

Primary Focus: Decentralization, open-source development, and crypto innovation

History of Vitalik Buterin

Vitalik Buterin was born in Kolomna, Russia, in 1994. He moved to Canada at age six when his family sought better educational opportunities. Demonstrating an exceptional aptitude for math and economics early on, Buterin attended a private high school that nurtured his analytical skills. During his teenage years, he discovered Bitcoin and delved into its underlying technology.

Eager to write about blockchain developments, Buterin co-founded Bitcoin Magazine, becoming a key voice within the crypto community. While studying computer science at the University of Waterloo, he formulated new ideas for a more programmable blockchain platform.

Convinced that Bitcoin’s scripting language was too limited, he wanted a blockchain that could handle complex ideas and decentralized applications. After winning the Thiel Fellowship and receiving a grant for $100,000, he dropped out of college to focus on Ethereum full-time.

The Creation and Development of Ethereum

Source: ethereum.org

By creating an entire, Turing-complete programming language as a native aspect of blockchain technology, Buterin and his team have provided developers with powerful tools to create dApps. Unlike Bitcoin, which prioritized secure, peer-to-peer transactions, Ethereum offered a broader framework capable of supporting thousands of unique crypto projects.

Developed in close collaboration with other co-founders Gavin Wood, Joseph Lubin, and Charles Hoskinson, Ethereum is the product of ideas and innovation from across the entire crypto landscape. The project took shape under the guidance of the Ethereum Foundation, an organization that directs research and resources toward the platform’s ongoing growth.

Over time, Ethereum garnered attention from mainstream enterprises, spawning countless Ethereum-based projects focused on DeFi, NFTs, and more. While the network confronted issues of scaling and network congestion, Buterin and the Ethereum developers continually sought solutions to advanced problems, such as transitioning to proof of stake, to keep the Ethereum network resilient and future-ready.

The Ethereum White Paper and Development

Vitalik published Ethereum’s foundational White paper in late 2013, outlining a decentralized platform with a flexible scripting language. The document sparked immense interest, heralding a shift from narrow transaction-based functionality to a limitless environment for decentralized software.

Early Ethereum developers believed that a universal programming layer could catalyze financial and social innovations. Supported by an enthusiastic community, they built robust development tools, forging what became known as the Ethereum Virtual Machine.

Rapid progress followed, culminating in the Ethereum mainnet launch in 2015. This milestone set the stage for tens of thousands of Dapps, forging a global movement around blockchain technology.

The Conception of Ethereum

Buterin envisioned a blockchain platform that could handle advanced smart contracts and user-generated tokens without constant forking. By drawing together ideas from other ecosystems, he devised a plan for a next-generation blockchain.

Co-founders joined the project, and an early prototype emerged during Ethereum’s “yellow paper” era, where design decisions were hotly debated. This collaborative process shaped Ethereum into a decentralized form of computing, paving the way for decentralized finance, digital collectibles, and a wave of blockchain applications impacting real-world industries.

Historical Ethereum Initial Coin Offering (ICO)

Source: Cryptorank

The Ethereum ICO took place in mid-2014 and is considered one of the earliest successful token sales. Developers needed funding to realize Vitalik Buterin’s vision, so the Ethereum Foundation offered ether (ETH), the chain’s native token, to early supporters in exchange for Bitcoin.

The sale raised around 31,000 BTC, which was worth roughly $18 million at the time, signaling a massive vote of confidence in a decentralized software development platform. This ICO accelerated Ethereum’s initial development, funding the creation of key tools and the Ethereum Virtual Machine.

As a result, it also is largely responsible for popularizing the concept of ICOs, leading to a wave of blockchain projects that used similar crowdfunding models. Despite controversies surrounding later ICOs, Ethereum’s offering remains historic for demonstrating that a global community would collectively invest in a shared blockchain vision.

Ethereum 2.0

Ethereum 2.0 represents a major overhaul to the network, addressing concerns about scalability, security, and sustainability. A cornerstone of Ethereum 2.0 is the transition from proof of work to proof of stake, an evolution designed to reduce the network’s reliance on energy-intensive mining.

The Merge, which took place on September 15th, 2022, combined the proof of stake Beacon Chain with Ethereum’s mainnet. This move signaled Ethereum’s commitment to reducing energy consumption by up to 99 percent, marking a milestone in environmental efficiency. Buterin’s vision for Ethereum 2.0 also includes scaling solutions like sharding, which partitions the blockchain into smaller “shards” to handle more transactions in parallel.

What Makes Ethereum Different From Bitcoin

Ethereum’s native cryptocurrency stands out from Bitcoin primarily due to its programmable blockchain, enabling developers to build decentralized applications that go well beyond simple transactions. Let’s dig into how this makes the Ethereum blockchain radically different.

Smart Contracts and Dapps

Smart contracts are self-executing pieces of code residing on the Ethereum blockchain. They automate agreements without intermediaries, driving dApps across finance, gaming, supply chain, and beyond. Developers can write these contracts in languages like Solidity, unleashing the potential for complex transactions and services within a trustless environment.

This approach contrasts with Bitcoin’s more restricted scripting language, which primarily supports sending and receiving BTC. By allowing anyone to create smart contracts and launch Dapps, Ethereum transformed blockchain technology into a full-fledged software development platform rolled up in a crypto, enabling thousands of use cases that transcend digital currency alone.

DeFi and NFTs

Ethereum played a pioneering role in decentralized finance, powering platforms like Uniswap, MakerDAO, and Aave, which let users lend, borrow, and swap tokens without centralized intermediaries. These DeFi protocols leverage smart contracts to provide transparent, efficient services accessible to anyone with an internet connection.

Ethereum also catalyzed the boom in NFTs, representing unique digital items like artwork and collectibles. Markets such as OpenSea rely on Ethereum’s NFT standards (ERC-721) to tokenize and authenticate ownership of digital assets.

By supporting DeFi and NFTs, Ethereum diversified its ecosystem, cementing itself as a versatile blockchain platform that extends well beyond payment systems.

The Impact of Vitalik Buterin on the Crypto Industry

Advocacy for decentralization & Open-Source Development

Buterin supports a transparent development model, encouraging the community to propose improvements and refine protocols collectively. This approach helped the Ethereum community assign roles through consensus, forming a decentralized structure. His focus on open-source ethos drives continuous innovation, ensuring that new features and scalability solutions remain accessible to all.

Thought Leader and Public Speaker

Beyond software development, Buterin often speaks at conferences and publishes thought pieces on network upgrades, social impacts, and global collaboration. Media outlets refer to him as a leading voice in shaping blockchain policy. By dissecting complex ideas into approachable topics, Buterin promotes a widespread understanding of blockchain’s philosophical and technological foundations.

Philanthropy and Social Contributions

Vitalik Buterin has donated substantial crypto assets to organizations like the Machine Intelligence Research Institute and the Sens Research Foundation, contributing to scientific and humanitarian projects. He also champions initiatives in regions with limited financial infrastructure. By using his wealth for philanthropic efforts, he exemplifies how blockchain success can spark positive change.

Vitalik Buterin’s Investments

While best known for his work on Ethereum, Buterin also shows interest in other crypto projects (mostly the memecoins on the Ethereum chain), occasionally providing angel funding or participating in advisory roles. He has been linked to collaborations with teams exploring machine intelligence or innovative blockchain solutions.

Source: Arkham

Donations and philanthropic activities often include gifting cryptocurrencies to various causes, reflecting his broader conviction that digital assets can serve the public good. Beyond crypto, Buterin sometimes invests in open-source endeavors that expand the potential of decentralized platforms.

Although public disclosures are scarce, his portfolio appears to balance core Ethereum-based projects with strategic support for initiatives that align with his moral and technological vision.

Vitalik’s Investment Strategy

• Focuses on projects that enrich the Ethereum ecosystem
• Prioritizes open-source protocols promoting transparency and user empowerment
• Emphasizes research-driven solutions in artificial intelligence, cryptography, and blockchain scalability
• Supports philanthropic avenues seeking to apply blockchain for social good
• Maintains a long-term perspective on both financial returns and ethical impact

Vitalik Buterin’s Net Worth

Determining Vitalik Buterin’s net worth is not straightforward, partly due to crypto market volatility and his various holdings. He has publicly disclosed the Ethereum address, which holds around 40 ETH, currently. However, this address is only part of a broader multichain wallet worth over $1.2m and is likely only a small portion of his assets. Arkham Intelligence recently revealed another address belonging to Vitalik, showing a net worth of $526 million. Furthermore, Vitalik Buterin is known for donating, philanthropy, and liquidating portions of his funds, adding further complexity to exact estimates.

FAQs

How did Vitalik Buterin make money?

He primarily earned wealth through his early involvement in Ethereum. As a co-founder, he received ETH allocations during the project’s founding stages, which increased dramatically in value over time.

What is the IQ of Vitalik?

Vitalik Buterin’s IQ is not publicly known, but his exceptional analytical abilities and recognition by the crypto community demonstrate that he has substantial intellect.

How much Ethereum does Vitalik own?

Vitalik Buterin’s ETH address is 0xab5801a7d398351b8be11c439e05c5b3259aec9b, and Etherscan data shows there’s 39.565267129855593739 ETH. As of February 25th, 2025, this has a value of about $94,640.81 (@ $2,392.02/ETH). It’s worth noting, however, that this wallet is part of a multichain wallet worth more than $1.2m, but it is the only address that Buterin has publicly disclosed.

How rich is Vitalik Buterin?

Wealth estimates range widely, reflecting crypto’s volatility. His net worth likely hovers in the nebulous $100m-$1b range.

How old is Vitalik Buterin?

Vitalik Buterin was born on January 31st, 1994. As of 2025, he’s 31 years old. 

The post Who Is Vitalik Buterin? Meet Ethereum’s Visionary Founder appeared first on NFT Evening.

What is Ethena?

Ethena (ENA) is a decentralized protocol that is designed to provide a safe digital currency solution. It creates a “synthetic dollar” environment, which gives users a stable medium that is similar to the US dollar but fully integrated into the DeFi space.

As part of the Ethena Foundation’s mission, the protocol helps mitigate price volatility and funding rate fluctuations through advanced mechanisms like delta hedging and short futures positions.

Ethena in WLFI Portfolio

Ethena is a flagship project in the WLFI Portfolio, recognized for its strong technical foundation and forward-thinking approach. The investment by WLFI highlights the protocol’s ability to create a stable, reliable digital currency solution that can interface with traditional financial systems while driving decentralized finance integration.

Source: Arkham

How does Ethena work? 

Ethena operates by aggregating high-quality data feeds from multiple off-chain sources and delivering them securely on-chain through a decentralized network of validators. The protocol employs advanced smart contracts to ensure data integrity and rapid transaction settlement.

It creates a synthetic dollar environment through USDe, a stable medium designed to mimic the value of the US dollar while being fully backed by crypto collateral. This synthetic USDe dollar enables users to perform short positions and short futures positions efficiently, supporting both traditional banking products and innovative DeFi protocols.

What is USDe?

USDe is the stablecoin component of the Ethena ecosystem, designed as a synthetic dollar to provide a reliable digital currency solution. USDe maintains a stable value through collateralization and smart contract governance.

How do you use USDe?

Purchasing USDe

Users can purchase USDe on supported exchanges or through integrated gateways. This offers an efficient alternative to traditional banking systems, enabling immediate access to a synthetic dollar for everyday transactions.

Minting and Redeeming USDe

USDe can be minted by locking crypto assets as collateral, creating a synthetic digital asset pegged to the US dollar. Redemption reverses the process, returning collateral to the user.

Staking USDe

By staking USDe, users earn yields while contributing to network security. Staking rewards are distributed in widely accepted crypto assets, providing an attractive option for investors looking to earn passive income in the crypto space.

Benefits of Ethena

• Low volatility ensures predictable trading and payments
• Decentralized oracles and robust smart contracts guard against manipulation
• Seamlessly combines oracle technology with DeFi, enabling versatile applications
• Rewards mechanisms support participation and long-term growth

Risks of Ethena & USDe

• Code bugs or exploits could compromise funds
• Competition and integration hurdles may slow growth
• Changing regulatory frameworks could alter the industry rapidly

The ENA token

Utility

• Governance: ENA enables decentralized decision-making by allowing token holders to propose and vote on strategic changes to the Ethena protocol.
• Staking & Rewards: Users can stake ENA (or even USDe) to earn dynamic APY rewards, reinforcing network security and long-term commitment.
• Transaction Fees: ENA is used as the native currency for paying transaction fees, reducing operational costs and ensuring smooth service delivery across the ecosystem.

Tokenomics

Total Supply: 15 billion ENA tokens

As of March 2025, ENA’s market cap was approximately $1.64 billion, with a circulating supply of 1.425 billion tokens, reflecting its growing adoption in decentralized finance and stable digital asset solutions.

Token Distribution

• Core Contributors: 30% of the total allocation, locked with a 1-year 25% cliff and then released linearly over 3 years.
• Investors: 25% of the tokens, subject to the same vesting schedule as core contributors.
• Ethena Foundation: 15% allocated to support initiatives that widen the reach of USDe and reduce reliance on traditional banking systems.
• Ecosystem Development & Airdrops: 30% reserved for community incentives, including an initial 10% airdrop to reward early users and ongoing funding for cross-chain initiatives and exchange partnerships managed by a DAO-controlled multisig.

Source: Cryptorank

How to buy ENA

1. Create an account on a supported crypto exchange, such as Binance, Coinbase or Gate.io.
2. Complete the verification process required by the exchange.
3. Deposit a supported cryptocurrency or fiat currency.
4. Locate the ENA trading pair and place a buy order.
5. Transfer your purchased ENA tokens to a secure wallet.

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How do you store ENA?

• DEX Wallets: Some decentralized exchanges offer integrated wallet solutions that let you store and manage ENA tokens directly on-chain. This option allows you to interact with DeFi protocols while maintaining full control over your private keys.
• CEX Custody: Centralized exchanges provide wallet storage for convenience, but these wallets hold your tokens for you, which means you relinquish control over private keys.
• Hardware Wallets: For enhanced security, store ENA tokens offline using devices like Ledger or Trezor to protect against hacks.
• Software Wallets: Dedicated wallets such as MetaMask, Trust Wallet, or multi-chain wallets offer robust interfaces for managing your ENA tokens securely.

Final thoughts 

By providing a stable medium through USDe and a powerful native token in ENA, Ethena offers investors and users a reliable digital currency solution that bridges traditional financial systems and innovative blockchain technology. Its sophisticated integration of delta hedging, short positions, and smart contract-driven security measures positions it as a leader in the crypto space.

FAQs

Is Ethena a stablecoin?

No, Ethena is a protocol that incorporates a synthetic dollar (USDe) stablecoin and a native token in the same ecosystem.

What’s the difference between Terra and Ethena?

Terra focused on algorithmic stablecoins, whereas Ethena uses advanced oracle and collateral mechanisms to maintain stability and support decentralized finance.

Will Ethena collapse like Terra?

Ethena’s robust tokenomics, including delta hedging and proper collateral management, aim to mitigate risks and maintain long-term stability, reducing collapse likelihood.

Does Ena Coin have a future?

With strong utility in governance, staking, and fee payments, ENA is designed for long-term growth within the Ethena ecosystem, appealing to both investors and users.

How much is the ENA coin worth?

At the time of writing, March 7, 2025, 1 ENA is worth roughly $.44 according to data from CoinGecko.

What chain is Ena on?

ENA is implemented as an ERC-20 token on the Ethereum blockchain, ensuring compatibility with other crypto assets and integration with DeFi protocols.

The post What is Ethena (ENA)? The Ultimate Guide for Investors appeared first on NFT Evening.

As distributed file storage infrastructure becomes more central to large systems like AI models and blockchain ecosystems, Walrus protocol is positioned to help bridge the gaps of traditional systems. Walrus is created to boost security, cut latency, and minimize overall costs under a single data storage framework. Let’s dive in for a closer look.

What is Walrus Protocol?

Walrus Protocol is a deeply community-driven network that was created to address the challenges associated with the storage of vast amounts of data in a trustless environment. By dividing large binary files into chunks called blobs and storing those blobs across distributed storage nodes, the Walrus network can substantially reduce the risks inherent in traditional centralized storage.

This results in data availability while reducing overall storage costs, whereas in traditional data storage solutions, users must rely on sole providers or sources, which can be a single point of failure. Instead, each piece of data is replicated or encrypted in a way that allows multiple notes to hold distinct parts.

Walrus specifically caters to ultra-modern reliability requirements for scalable data storage, making it perfect for dynamic workloads like AI models and DeFi platforms.

How does Walrus Protocol work?

Walrus protocol creates a decentralized storage network by combining cryptographic techniques like treasure coding and node-based redundancy. Massive files or file collections are split into smaller chunks and then distributed to individual storage nodes. This feature means that even if some notes become unavailable, corrupted, or malicious, the original can still be reconstructed by the system from the remaining valid pieces.

Within Walrus, all storage nodes stake WAL to commit to data integrity and uphold network trust. A user only needs to distribute the data to the node clusters of their choice on the larger network to store it. When data retrieval is needed, Walrus reconstructs the file by assembling enough fragments to recreate the original content.

To streamline interactions even further, Walrus also binds on-chain metadata, like the Sui ecosystem, which helps coordinate tasks like proof-of-storage, node rewards, and user access permissions.

While conventional cloud storage providers rely on central storage, Walrus does not. The network ensures security via collective node verification. This gives network users benefits like low latency, substantial fault tolerance, and permissionless, cost-effective data management.

Key Features and Benefits

• Distributed Storage: Files are split and stored across multiple nodes, eliminating single points of failure and boosting data availability.
• Erasure Coding: Walrus uses cryptographic techniques to reduce overhead and ensure file reconstruction even if certain data shards go missing.
• Cost Efficiency: By distributing storage tasks and leveraging marketplace dynamics, Walrus potentially lowers costs compared to traditional cloud providers.

Use Cases of the Walrus Protocol

Secure Storage for Media Assets

Walrus can store large binary files, including images, videos, or audio recordings across distributed systems, ensuring reduced downtime and mitigating data breaches.

AI Model Hosting

Developers can host AI models on Walrus, benefitting from robust fault tolerance and efficient retrieval. This decentralized environment also helps safeguard sensitive intellectual property within machine learning.

Backup Solutions

Individuals and enterprises can use Walrus for backup and archiving. When system failures occur, the erasure-coded distribution ensures data recovery without reliance on any single server.

Encrypted Document Sharing

Professionals handling legal, financial, or medical records can utilize Walrus to share sensitive documents. WAL’s decentralized storage nodes reduce tampering risks and maintain confidentiality.

The WAL Token

Walrus Protocol’s native token, WAL, underpins the entire network by facilitating resource allocation, helping to cultivate community-driven governance, and incentivizing node performance. Users use the WAL token to pay for data uploads, secure their uploaded files, and access advanced features like privacy tiers or redundancy settings.

WAL total supply: 5,000,000,000 WAL

Token utility and distribution

Ninety percent of WAL’s total supply is gradually released to node operators, developers, and users who engage with the protocol’s features. To help spread network adoption, the remaining 10% is set aside for marketing, community airdrops, and strategic alliances.

Details of token allocation:

• Walrus User Drop: 10%
• Community Reserve: 43%
• Core Contributors: 30%
• Subsidies: 10% 
• Investors: 7% 

Token release schedule

How to Buy WAL Token

1. First, you’ll need an exchange that offer WAL trading pairs like KuCoin, then look at liquidity, fees, and regional accessibility.
2. Now that you have chosen an exchange, you need to create an account. This involves filling out some personal information and usually passing a KYC check.
3. Once you have a verified account, that account needs to be funded. You can generally fund an account with a credit card, debit card, or bank transfer, and some platforms will allow you to fund them with a crypto transfer as well.
4. The next step is locating a WAL trading pair that is convenient. Depending on the crypto onramp you use, you’re probably looking for something like WAL/USDC or WAL/USDT.
5. Create an order for that pair, either a market order for a specific quantity or a limit order for a specific price, and submit it. When your order fills, don’t forget to store your tokens somewhere more secure than the exchange. 

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Partners of Walrus

Beyond its integrations with the Sui network, Walrus collaborates with Akord, a secure data-sharing platform that complements Walrus’s focus on privacy and user-friendly encryption. Walrus has also forged a partnership with Decrypt Media, where coverage and educational initiatives help expand Walrus’s global visibility. 

Simultaneously, Linera—a growing solution for interoperable, high-performance blockchains—broadens Walrus’s reach among next-generation ecosystems through their unique partnership. Also, by joining forces with Itheum, a data tokenization protocol, Walrus can further empower developers and enterprises looking to harness secure, privacy-preserving workflows.

The Future of Walrus

By continuously refining its cryptographic backbone, reducing costs, and cultivating a broader array of developer tools, Walrus aims to lead the race toward next-generation decentralized storage. Potential future upgrades could look like more sophisticated erasure coding methods, advanced data categorization, and more customizable redundancy models.

As more industries push to blend privacy preservation with cost-effective storage, Walrus protocol is positioned as a pivotal foundation layer of future infrastructure. With ongoing collaboration and innovation, Walrus aims to unify global notes through a single cohesive framework to bring the data management sector a robust and scalable solution.

FAQ

Is Walrus Protocol a standalone blockchain?

Walrus Protocol focuses on decentralized storage and secure data computations rather than serving as a general-purpose layer‑1 chain. This means it doesn’t have its own chain but instead integrates with existing networks.

How is Walrus different from IPFS or other storage solutions?

Walrus combines cryptographic techniques like erasure coding and encrypted node clusters. This lets it handle large, sensitive datasets with built-in resiliency, surpassing the simple file-sharing approach of some alternatives.

How does Walrus cope with offline storage nodes?

Thanks to file fragmentation and erasure coding, Walrus can still reconstruct data even if multiple nodes fail. This core design feature avoids single points of failure and maintains continuous availability.

Is there a minimum requirement for storing data on Walrus?

There is no specific minimum size requirement for storing data with Walrus, making it more accessible to growing organizations. 

The post What is Walrus Protocol (WAL): Decentralized Storage Solutions appeared first on NFT Evening.

This article will explore how Kernel DAO works, what is Kernel DAO, its key features, tokenomics, and community rewards.

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What is Kernel DAO?

Kernel DAO is a revolutionary restaking protocol operating on the BNB Chain. Its purpose is to improve the security and utility of staked assets. Unlike traditional staking, which often leaves assets underutilized, Kernel DAO employs shared security protocols that allow users to restake various yield-bearing assets like BNB and BTC, thereby safeguarding their investments while maximizing returns.

Kernel DAO aims to improve both the security and utility of staked assets.

Using assets in multiple applications boosts yield potential and protects investments with robust security measures. This makes Kernel DAO a key player in the restaking sector.

With operations spanning over 10 blockchain networks and a total value locked (TVL) exceeding $1.67 billion according to DeFiLlama, Kernel DAO is a major force in the DeFi ecosystem. Its wide reach and substantial TVL reflect the trust and reliability it has earned among users.

Significantly, the project has also been listed on the Binance Megadrop program.

Learn more: Binance Introduces KernelDAO (KERNEL) on Megadrop!

Source: Kernel DAO

Key Products of Kernel DAO

Kernel DAO provides a range of three key products tailored to the diverse needs of its users, designed to maximize returns while securing staked assets.

At the heart of Kernel DAO’s offerings is the Kernel protocol, enabling users to restake assets like BNB and BTC, thereby enhancing both security and yield. Its integration with multiple platforms ensures users can optimize returns without sacrificing security.

The Liquid Restaking protocol stands out by allowing users to earn rewards through restaking yield-bearing tokens like BNB and BTC on the BNB Chain. It also supports earning rewards on Ethereum and other platforms, providing access to yields from over 50 DeFi services, thus helping users maximize returns across various ecosystems as a leading restaking protocol with liquid staking tokens.

Automated Rewards Farming is another key offering, providing vaults with no minimum investment, enabling users to access multiple airdrops and high rewards without lock-up periods. Users can select from various yield strategies to ensure their investments generate optimal returns.

Security and Insurance for Users

Kernel DAO’s infrastructure ensures a secure environment, aiming to improve both the security and utility of staked assets by enabling their use in multiple applications. This shared security model allows users to redeploy staked assets for various applications, enhancing economic security.

The protocol also integrates with over 15 distributed validator networks to enhance security and staking efficiency, ensuring secure and reliable operations.

In the second phase, users can stake $KERNEL to provide insurance for projects like rsETH, protecting against slashing risks. The platform’s slashing insurance safeguards users against potential losses, boosting confidence in the protocol.

Kernel DAO Ecosystem

Kernel DAO has massive partners from multiple backgrounds, including HTX Ventures, DODOChain, Skate, Xterio,…

Tokenomics of $KERNEL

• Token: KERNEL
• Total Token Supply: 1,000,000,000 KERNEL
• Circulating Supply: 162,317,496 KERNEL (16.23% of total supply)

The $KERNEL token is the lifeblood of the Kernel DAO ecosystem. Its distribution is meticulously planned to ensure a balanced and incentivized community.

Here’s how the $KERNEL token supply is allocated:

• 55% is allocated to community rewards and airdrops, demonstrating Kernel DAO’s commitment to rewarding its community.
• 5% is set aside for ecosystem growth, aimed at enhancing liquidity and fostering partnerships.
• 20% of the token allocation is split equally between private sales and the team and advisors, each receiving it with a specific release schedule.

$KERNEL Tokenomics

Community Rewards and Airdrop Strategy

Kernel DAO highly values community engagement and rewards, designating 60% of $KERNEL tokens for community activities and ecosystem partnerships. The distribution strategy allocates 55% for community rewards, 20% for airdrops, and 35% for future incentives, ensuring fair rewards and additional rewards for both early adopters and long-term participants.

For example, the Season 1 airdrop allocates 10% of the total $KERNEL supply to genuine contributors. Kernel DAO uses Sybil analysis to ensure fairness by identifying genuine users and preventing fraud. Early restakers receive a 15% bonus until January 15, 2025, and wallets earning at least 150 Kernel points during Season 1 will get a minimum of 100 tokens.

Source: Kernel DAO

Token Utility

The $KERNEL token serves multiple purposes within the Kernel DAO ecosystem, functioning both as a governance and incentive token.

During the initial phase, users can take part in governance decisions and earn rewards through liquidity provision. This ensures the community has substantial input in the protocol’s direction, promoting collective decision-making.

Moreover, participants can restake $KERNEL to boost the economic security of the Kernel ecosystem and qualify for airdrops from related projects. A significant portion of the protocol’s revenue is used to buy back $KERNEL tokens, further enhancing economic security.

Comparison with Similar Projects

In the competitive landscape of restaking, Kernel DAO distinguishes itself with its comprehensive approach and substantial TVL. Despite a pessimistic market sentiment, Kernel DAO remains a key player with over $2 billion in TVL across its products, highlighting its resilience and the trust it has garnered.

Compared to similar projects including Karak or Symbiotic, Kernel DAO stands out for its extensive integration with multiple blockchain networks and robust community rewards program. Despite a substantial decrease in ROI from the initial ICO price, its focus on security, utility, and community engagement sets it apart from competitors.

How to buy Kernel DAO Token (KERNEL)

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Purchasing $KERNEL tokens is straightforward. Users can choose from multiple supported exchanges, with Binance offering the largest liquidity pools.

After selecting an exchange, deposit funds into your account.

Navigate to the Spot trading section and search for the KERNEL/USDT pair. Place a market order to buy instantly at the current price or use a limit order to set your desired price.

Once you complete the order, check your wallet balance to confirm the tokens are there.

However, do note that spot trading for the KERNEL token is currently unavailable; a further open trading announcement will be updated immediately.

Summary

Kernel DAO represents a significant advancement in the world of restaking protocols. By enhancing the security and utility of staked assets, offering a robust suite of products, and fostering a vibrant community, it stands out as a leader in the DeFi ecosystem.

There is an extra platform for users to maximize yields and ensure security and collaboration by aligning developer, staker, and community interests.

Frequently Asked Questions

What is Kernel DAO?

Kernel DAO is a restaking platform on the BNB Chain that improves the security and utility of staked assets by enabling their use across various applications.

What are the key products of Kernel DAO?

Kernel DAO primarily offers three key products: the Kernel protocol for restaking various assets, Kelp Liquid Restaking for reward generation, and Automated Rewards Farming, which allows for high returns without any lock-up periods.

What are the social platforms of Kernel DAO?

Users can view some platforms below:

• Twitter (X)
• Telegram
• Website
• Discord

How does Kernel DAO ensure security for its users?

Kernel DAO ensures user security by integrating with over 15 Distributed Validator Networks and providing slashing insurance to mitigate potential losses from network slashing events. This proactive approach enhances the overall safety of user assets.

How can I buy $KERNEL tokens?

To buy $KERNEL tokens, choose a supported exchange such as Binance or OKX, deposit your funds, locate the KERNEL/USDT trading pair, place your order, and then check your wallet for the tokens.

The post What Is Kernel DAO: A Completed Overview of KERNEL Token appeared first on NFT Evening.

Unlike traditional blockchains, which store every transaction in a fully transparent ledger, Nillion employs blind modules and layered network components that shield sensitive information. This approach is a potentially revolutionary innovation in the healthcare, finance, and AI spaces, where secure data environments are commonly needed to validate transactions. Let’s dig in for a closer look.

What is Nillion?

Nillion is a decentralized data privacy and secure computation infrastructure. At its core, Nillion addresses the limitations of many traditional blockchains by crafting an environment where users can share or even process sensitive data without ever revealing it, even to the parties participating in the data processes.

Through multi-party computation (MPC) and advanced cryptography, the platform distributes work in such a way that even nodes operating the network and performing the computations never see the unencrypted, actual data.

With the preservation of privacy, Nillion is empowering developers to build dApps that can take the complex workload, from private semantic search to blind computations. Nillion’s overarching vision is to unlock new possibilities for AI models, data management, and cross-industry collaborations, all while safeguarding user information and fostering decentralized governance through its NIL token.

How Does Nillion Work?

Nillion’s architecture is centered around privacy-enhancing technologies (PETs) and a robust design that seamlessly combines data storage, secure computation, and network coordination.

Instead of raw sensitive data on-chain, Nillion uses a novel approach where encrypted or secret-shared data is processed through advanced cryptographic techniques, ensuring no single node sees the underlying information in its whole, unencrypted form.

The network itself relies on two main components, Petnet and nilChain, which each have a critical role to play in blind computation and decentralized network governance itself.

Source: Nillion Builder Docs

Petnet

Petnet is the main data and computation layer of Nillion. This is where builders can configure clusters of nodes to best handle various types of protected workflows. By leveraging MPC as well as homomorphic encryption, Petnet can guarantee that high-value data remains encrypted throughout the process.

Each node runs one or more Blind Modules, which discretely package PETs like MPC in a more developer-friendly way. These modules help power features like SecretVault, SecretDataAnalytics, and nilAI. Developers get to choose how to balance privacy and performance for their unique needs by choosing the right PET or module cluster.

nilChain

nilChain is the blockchain ledger for the Nillion network. It records the network activities and facilitates secure, decentralized transactions. While traditional blockchains store the public records of every transaction, nilChain operates on a privacy-first design. This means that it only logs the metadata for governance, node participation, and aggregate resource usage, instead of raw data. This makes the chain’s structure leaner and more able to support complex data operations securely.

nilVM

nilVM, or the Nillion Virtual Machine, is a purpose-built runtime environment where privacy-preserving computations take place. Developers can deploy custom logic or smart contract-like programs that leverage blind modules, zero-knowledge proofs, and cryptographic operations to facilitate secure data computation. Through simplification of program development and mitigating the complexities of secure computation via abstraction, nilVM gives builders the ability to create more robust, privacy-focused dApps in all sectors.

Source: Nillion Builder Docs

nilDB & nilAI

nilDB serves as a secure data repository utilizing nillion itself, allowing users to store encrypted data that can be referenced or processed on demand. nilAI extends these capabilities into machine learning, enabling private model training and inference on masked data. In combination, they power some of the most advanced use cases that range from the most sensitive data analytics to private sector predictive AI, all without compromising on confidentiality and trustlessness inside the Nillion network.

Source: Nillion Builder Docs

Use Cases of Nillion

• Secure Storage: Builders can use SecureVault to store information in an encrypted form or a secret shared form across Nillion network nodes. provides more robust data protection and helps support computations without revealing the actual underlying data.
• Data Analytics: With SecretDataAnalytics, developers can perform larger-scale queries or computations on encrypted information. lets them pull insights from high-value data without breaching confidentiality through MPC or homomorphic encryption.
• Signatures: Nillion Signatures leans on multi-party computation
• Retrieval-Augmented Generation (RAG): Through a combination of AI solutions and Nillion’s privacy technologies, countless organizations can now keep data encrypted at all times, even when using a large language model, or LLM.

The NIL Token

The key to how the Nillion network operates is in its native utility token, NIL. NIL helps facilitate the most important interactions of the network; it helps coordinate payments for network services while incentivizing nodes to contribute resources for assorted MPC protocols.

Core functionalities

Coordination Services

NIL is the primary medium on the Nillion network for paying network fees, which routes to the appropriate nodes. This framework makes sure that data flows as efficiently as possible to the right network modules without exposing sensitive data in the process.

Blind Computation

Blind computation allows users to distribute workloads efficiently for sensitive operations or processes. These operations are cryptography-heavy, so users compensate nodes by spending NIL tokens for their computing power.

Staking

Staking is one of the main ways to keep the Nillion network secure. By staking NIL tokens, node operators are incentivized to uphold reliable services. In return, stakers earn a portion of the transaction fees or other protocol-generated rewards.

Governance

NIL holders retain proportionate voting power in all decentralized governance matters. These votes can range from adjustments to resource allocation to new protocol upgrades. This community-driven element gives the Nillion network an incredible position for long-term viability and sustainability.

Token Supply & Distribution

Nillion’s NIL token has a total supply of one billion at genesis, with an initial circulating supply of just over 19.5%.

29% of tokens are reserved for fueling ecosystem growth and research, supporting developer grants, validator incentives, and strategic initiatives. Another 20% is slated for community-oriented programs, airdrops, and user incentives designed to expand adoption.

10% is allocated specifically to ongoing protocol development and research, ensuring the network evolves to meet security and performance benchmarks. Early backers, who contributed in Pre-seed, Seed, and 2024 fundraising rounds, receive 21% of NIL tokens.

Finally, 20% of the total supply is granted to core contributors, including advisors, developers, and others who have played a pivotal role in bootstrapping the network’s capabilities.

How to buy NIL

1. First, you’ll need to choose a cryptocurrency exchange that supports NIL, like KuCoin or OKX, and create an account there.
2. Next, be sure you’ve passed all the necessary verification or KYC steps that you need to begin trading.
3. Once verified, your account will need to be funded. You can typically do this with either fiat currency via credit or debit cards or with another crypto, like BTC.
4. Find the trading pair that matches your deposited funds, like NIL/BTC or NIL/USDT, and create an order. A market order buys at the current price, while a limit order waits for a specific price to fill.
5. Once your trade has been filled, check your dashboard and withdraw your NIL to a more secure location than the exchange.

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Nillion Ecosystem

The Nillion ecosystem is a decentralized data storage and secure computation framework built on Petnet and nilChain, and supplemented by an expanding community of builders, developers, and projects. This environment is custom-built to help organizations or individuals address the demands of high-value data in all spaces.

Key Sectors

• Healthcare: Secure data solutions allow encrypted patient records and private model inference.
• Financial Services: Blind computations enable risk assessments and analytics without exposing sensitive financial data.
• Enterprise Data Management: Enterprises can store confidential information and run private computations on distributed nodes.
• AI & Machine Learning: Private predictive AI benefits from advanced cryptography, preventing unauthorized data access.

Key Projects

• Private Model Training: Deployed within nilAI for LLMs and other AI frameworks.
• SecretDataAnalytics: Tools for NoSQL-style data queries that preserve confidentiality.
• Nillion Signatures: Distributed key management for secure transaction signing.

Nucleus Builders Program

The Nucleus Builders Program is a program created to provide grants and resources for early adopters and creators to help them develop new privacy-enhancing technologies and privacy-building applications. By committing to supporting both new and established developers, the Nillion network operates with a constant drive for collaboration and accelerated innovation.

Network Metrics

The Nillion network tracks an array of metrics like data throughput, node uptime, and blind module usage rates. With regular reporting on cluster reliability, transaction volumes, and data processing speeds, transparency is ensured, and further optimization is enabled. These metrics also help make better governance decisions.

Roadmap

• Upcoming phases will introduce additional privacy-preserving protocol upgrades, refining Nillion’s blind modules for more efficient homomorphic encryption and multi-party computation.
• As new clusters join the network, developers will have more granular control over the nodes they trust and the performance they require.
• Future versions of nilChain will improve consensus algorithms and integrate advanced governance features, ensuring smooth resource allocation across the entire Nillion Network.
• Nillion aims to foster collaboration with AI startups, healthcare organizations, and DeFi platforms seeking advanced data privacy solutions.

Nillion (NIL) on Binance Launchpool Details

On March 24, 2025, Nillion became tradable on Binance following a three-day Launchpool event that ran from March 21 to March 23.

During the Binance launchpool, users who staked BNB, FDUSD, or USDC were able to earn NIL tokens as part of a broader initiative to promote Nillion’s secure computation network.

The event allocated a total daily reward of 11.666 million NIL, split into three pools. The BNB pool received 28 million NIL in total (80%), while the FDUSD and USDC pools each received 3.5 million NIL (10%).

Users who participated in the launch were able to stake their choice of asset, subject to hourly caps to ensure fair distribution. As the event progressed, snapshots of user balances were taken to determine the share of NIL tokens that each user would be given.

Once farming was over, new NIL holders could then move their NIL tokens to their Spot Wallet to prepare for the token’s official listing for open trading.

The Future of Nillion