Altcoins

Today Binance America is Listing NEO and Cosmos

Published

11 months ago

October 31, 2019

Sying Tien

Binance US has announced that it will be adding NEO (NEO) and Cosmos (ATOM) to it’s trading platform.

Binance.US, is the American branch of the Chinese cryptocurrency exchange giant Binance. It was was launched in September 2019 and operated by San Francisco-based BAM Trading Services.

What is NEO Blockchain?

NEO (formerly Antshares) is an open-source, a non-profit and a community-based blockchain project that utilizes blockchain technology. The project was founded by two Chinese developers Da Hongfei and Erik Zhang. NEO has been referred to as ‘China’s first blockchain platform’ and “The Ethereum of China”.

NEO blockchain is similar to Ethereum, both projects are developed to host smart contracts, ICOs (Initial Coin Offering), and DApps in a decentralized manner. Their respective blockchains are fueled by crypto-assets (GAS in NEO, ETH in Ethereum).

NEO/USD Price Chart

What is Cosmos (ATOM)?

Cosmos is described as a Internet of Blockchains. The main purpose is to enable the communication between different blockchains.

The first available link between all the blockchain network zones is the Cosmos Hub, which main tokens are ATOMs and PHOTONs. Atom acts as the staking and governance coin, whereas Photon is needed to pay for transaction fees. Cosmos is using the Tendermint consensus, which is a proof-of-stake algorithm.

Cosmos project was created by Jae Kwon in late 2018.

Cosmos (ATOM)/USD Price Chart

*Charts data is provided by cryptocompare.com

Altcoins

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

Published

2 weeks ago

September 7, 2020

June G. Bauer

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 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.

Big! Today, #Binance Launchpad adds a new offering: Launchpool. What’s the difference?

Launchpad: stake #BNB to get a chance to buy new tokens.

Launchpool: stake #BNB to earn new tokenS.

First up, @BellaProtocol https://t.co/Oip0ga0q9K
— CZ Binance (@cz_binance) September 6, 2020

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.

BNB/USD Price Chart

Altcoins

Flare Network Will Airdrop Spark Tokens For Ripple Holders

Published

2 weeks ago

September 7, 2020

M. Ali

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.

We named our testnet after Martha Coston who invented the maritime Flare. The snapshot of the XRP ledger for the #Spark distribution will be taken on the 194th anniversary of her birthday – December 12th 2020. https://t.co/aKAvfwMiLY #XRP #Flare #UnlockingValue
— Flare (@FlareNetworks) August 31, 2020

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.

Altcoins

Yearn Finance Coin Surges Past $38K

Published

3 weeks ago

August 30, 2020

June G. Bauer

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 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.