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Swipe Will Airdrop $16M+ Worth of SXP Tokens to BNB Holders

Sying Tien

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Swipe, the multi-asset digital wallet and Visa debit card platform has announced the launching of a $16,000,000 Ecosystem Rewards Program for BNB (Binance Coin) holders over a 12 week period. Swipe team will distribute around 333,333.33 SXP coins to BNB coins holders on Binance exchange.

Tomorrow (August 17th,2020) Binance cryptocurrency exchange will be taking a snapshot of users BNB balances to calculate to calculate the distribution rewards. Users must hold a weekly average of at least 0.1 BNB in order to qualify these rewards.

According to Swipe team, the SXP coin distribution will be from the existing circulating supply and bought from the market, thus this program will not increase any circulating supplies weekly.

Swipe has recently announced its partnership with Chainlink to launch a live SXP-USD price oracle on the Ethereum mainnet.

What is Swipe?

Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. Swipe official website: www.swipe.io

Swipe wallet app currently supports the following cryptocurrency coins:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Binance Coin (BNB)
  • Binance USD (BUSD)
  • Swipe (SXP)
  • XRP (XRP)
  • Litecoin (LTC)
  • EOS (EOS)
  • Stellar (XLM)
  • QTUM (QTUM)
  • Cardano (ADA)
  • Tron (TRX)
  • Ark (ARK)
  • DigiByte (DGB)
  • Ravencoin (RVN)
  • Cosmos (ATOM)
  • Basic Attention Token (BAT)
  • 0x (ZRX)
  • Decentraland (MANA)
  • Elrond (ERD)
  • Travala (AVA)
  • Compound (COMP)
  • Paxos Standard (PAX)

Swipe (SXP) Coin price Chart

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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Altcoins

BNB’s Price Spiked Over 27% Amid Listing Bella Protocol

June G. Bauer

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Binance-BNB-Price-Spike

Binance’s coin (BNB) price spiked over 27% in the past couple of hours amid listing Bella Protocol (BEL) on Bianace’s LaunchPad. BNB holders will be able to earn and acquire new token rewards in return for staking BNB, BUSD, and ARPA tokens.

BNB coin volumes spiked and the price jumped from $18.49 to $23.59 within few hours.

BNB Price Spike

BNB coin holders will be able farm BEL tokens over 30 days, starting on September 9th. Binance will then list BEL on September 16th and open trading for BEL/BTC, BEL/BNB, BEL/BUSD, and BEL/USDT trading pairs.

Bella Protocol is a user-friendly Decentralized finance (DeFi) and also an asset management platform with very low transaction fees. They claim that these initiatives will offer a more seamless user experience for DeFi investors.

BEL is an ERC20 token and is the governance token in the Bella ecosystem. The total supply of $BEL is 100,000,000. BEL coin holders will be able to earn profit sharing, get fee discount, staking rewards, and voting power in the Bella ecosystem.

Bella Token Distribution

BNB/USD Price Chart

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Flare Network Will Airdrop Spark Tokens For Ripple Holders

M. Ali

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Ripple-XRP-Airdrop

Ripple-backed blockchain platform Flare Network will be distributing 45 Billion Spark tokens to all XRP holders of non-custodial wallets. The air drop is planned take place on December 12th this year.

The Flare’s native token Spark will be generated through a “utility fork” in XRP. XRP holders will receive Spark tokens in 1:1 ration. Meaning there will be 100 billion Spark token in total. while Spark works independently on the Flare Network, it still holds some relation with XRP.

Currently, only four cryptocurrency exchanges (Uphold, Bitrue, Gatehub and Anchorusd) will be supporting the upcoming airdrop. Large exchanges like Binance and Crypto.com have not released any official statements regarding the support of Spark airdrop.

The Flare Network will integrate the Ethereum Virtual Machine (EVM). This will allow the network to execute smart contracts on Ethereum using the XRP cryptocurrency via FXRP. For smart contracts, payments will happen in XRP through Interledger integrated into Flare. In this case, Spark will help to collateralize the FXRP. All the people using Spark and providing it as collateral will earn fees.

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Yearn Finance Coin Surges Past $38K

June G. Bauer

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YFI Coin, the native token of the Decentralized Finance Yearn Finance (YFI) platform has eclipsed Bitcoin’s value and posted a new all-time high of $38,655 (around 3.2BTC).

YFI coin price on Binance

YFI coin soared by 17% in the last 24 hours from around $26k to $38K, reaching a new time high providing rapid returns for its investors.

The Decentralized Finance (DeFi) project of Yearn Finance was officially released around the 17th of July by Andre Cronje, YFI coin was trading for around 7k. The DeFi platform aggregates lending services such as Aave, Compound, DyDx and Fulcrum in a bid to simplify the process of Yield Farming.

YFI platform allows users to to provide funds to vaults, which automatically rotate them between dydx, Aave and Compound lending protocols, in search of the best yield. The entire process is managed by a smart contract and is fully automated.

The yield providers earn profits for staking their funds, as well as acquiring YFI tokens. This allows them to participate in governance and vote on important parameter changes. It can also be sold on exchanges for profit. The total supply is capped at 30,000 YFI tokens.

YFI/USD Price Chart

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