Coinmetro is Heading to Discord!

With the celebration of our soon to be launched Discord, we’re giving away more than 10,000 XCM! You are already welcome to join our Discord pre-launch “Lobby”, the launch will be on February 1st and our verified clients will gain full access to all public channels! On January 25th, we’ll begin posting daily Discord Pre-Launch […]

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Coinmetro AMA: January 21, 2022

XCM Tokenomics We will push new XCM tokenomics as soon as we can, it looks like we will be starting that work in early February, with a phased approach. We have some other important releases beforehand which will help support the tokenomics updates. For those new to XCM who may have missed any teasers…this is […]

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Bitcoin & cryptocurrency news

CoinMetro AMA: 14 January, 2022

Welcome to a summary of this week’s Coinmetro AMA. Let’s dive in! Correlation of daily exchange volume and our XCM token Daily volume of an exchange does not always correlate with its token, though there is indirect correlation – anything a business does impacts demand or sell pressure. There is a correlation with XCM and […]

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CoinMetro AMA: January 8, 2022

Welcome to the return of the weekly Coinmetro AMA written summaries! As we have expanded our team at Coinmetro, we are ready to begin creating much more content and delivering value to the cryptoverse! Coinmetro CEO, Kevin Murcko was live on Saturday answering questions from our community, and those lucky enough to find the link. […]

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CoinMetro Launches THT Staking

CoinMetro is delighted to announce another first with the launch of THT Staking on our platform. We continue to bring you access to products once reserved for the few. And we’re proud to be the sole exchange offering the ThoughtAI token. Now, we’re the only exchange delivering yet another opportunity to earn passive income through […]

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Bitcoin & cryptocurrency news

Bringing Cosmological Concepts to Digital Space: Metaverse vs. Multiverse vs Omniverse

As one searches the online space, the term “metaverse” is becoming increasingly common and one has certainly seen a spotlight on this ecosystem. Many people are having difficulties trying to understand this new paradigm, however, this has not stopped many early adopters from engaging with these projects, and seeing various metaverse projects take off and catch investor attention. Whilst the technology for creating a metaverse is new, the concept was first described by Neal Stephenson in his science fiction novel ‘Snow Crash’ published in 1992. Although derived from cosmological concepts, the evolution of what Metaverse means is becoming synonymous with the virtual world. It is a system of numerous, interconnected virtual and usually user-generated worlds which are accessible through a single user interface. However, the advent of metaverse might just be the beginning. The virtual space is going to evolve from Metaverse to Multiverse and eventually Omniverse. Drawing inspiration from Cosmology The concepts of Metaverse, Multiverse, and Omniverse will be familiar and easier to grasp to those interested in Cosmology. After all, these terms are inspired by Cosmology. Metaverse is analogous to our universe but in a digital space. However, this digital space will be more immersive than the digital experiences we are used to now. As the universe is the sum of all existence; space-time and all its contents, Metaverse will be the sum of all of an individual’s and a community’s digital existence. A Multiverse is a collection of multiple observable universes. Each universe in a multiverse shares common laws of physics, elementary particles, and everything in between with the parent universe. The universes within the multiverse can be called “alternate universes,” “parallel universes,” or “many worlds.” Expanding this hypothesis to the digital sphere, a multiverse will be a collection of numerous metaverses. They can share similar programming languages, be interoperable, and have some assets and avatars between different metaverses. An Omniverse is a superset of every single universe and multiverse that has existed. Omni in Latin means of all things. In essence, Omniverse is the final existence. Although digitally we are from creating this space, we can be sure that every attempt at interoperability is an attempt towards reaching Omniverse. In digital cosmology, Metaverse is at the lowest level. There can be a Facebook Metaverse, a Google metaverse, and so on. Groups of these metaverses through partnerships and user demand can evolve into a Multiverse. Doing so will require a common set of standards, frameworks, and interoperability requirements making sharing of content, data secure and fast. At the highest level, there is Omniverse which essentially becomes an overarching term that covers all the Metaverses and Multiverses that not only exist but will exist in the future also. Powering the creator economy of an Omniverse If the developers move towards the Omniverse in the virtual space, there will be a need for a set of overarching standards that will govern the sharing of content and data between multiverse. One of the needs for standardization will be to have a creator economy accessible and ubiquitous to all. Even though the creator and influencer economy has blossomed over the past decade, there is no robust platform for them to consolidate and monetize their fanbase. While leveraging these above concepts, the team from Dual Cityzen, created a Metaverse that aims to take influencers to the next level. By providing the infrastructure influencers need to build thriving Metaverse communities, large-scale adoption will become a reality.  Equipped with Web 3.0 governance, access tokens & powered by innovative NFT solutions, Dual Cityzen empowers you to build and take control of your own Metaverse Communities. Influencers, (the key drivers of online engagement and adoption today), now account for more than 50 million users globally, Influencer entities include professional & collegiate sports clubs, legacy media properties and verified groups such as athletes, content streamers & celebrities. Influencers are some of the most trusted entities on Earth and have grown exponentially in their importance to global consumption. The Dual Cityzen metaverse will be a blockchain-based, decentralized community framework that empowers Influencers, and will make the Metaverse a much more equitable space than the centralized platforms of social media. Powered by the immersive technology tools of extended reality (XR), dual cityzen creates personalized metaverse communities for Influencers that provide the resources to build, grow, and monetize their assets and fanbase Dual Cityzen is in the prime position to take the influencer economy to the next level, through utilizing the best that the ownership economy has to offer, and leverage the Web 3.0 tools available to deliver true value that influencers can pass on to fans as well as brands. With Metaverse and Multiverse at the heart of the project, the platform will become a fully immersive experience, while giving its users all monetization tools required to move forward and into this new and unexplored space. Again, the question influencers are asking, is “When will I get my Dual Cityzenship?”      

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Mastering the Metaverse: Solice is Planning a Solana Takeover

The next time you hear someone dismiss the metaverse as “all hype,” kindly inform them that a 500-square-meter plot of virtual real estate is worth more than their house. At any rate, this stinging retort should suffice providing your adversary’s abode is worth less than $2.43 million – the price associated with the largest metaverse land acquisition to date. The eye-popping purchase by the Metaverse Group reflects a groundswell of support among investors, who are increasingly betting big on vibrant virtual ecosystems wherein users work, earn and socialize. Even Facebook is wise to the prevailing headwinds, having recently declared that it will transform from a social media firm into a metaverse company. A Metaverse Open to All While Facebook’s executive branch will be keen to establish the company as a dominant player in this rapidly-expanding market, a note on their new website explains that “the metaverse will be a collective project that goes beyond a single company. It will be created by people all over the world, and open to everyone.” It’s a sentiment shared by Solice, a soon-to-be-released metaverse project built on top of Solana’s super-fast blockchain. Devised by a core team of senior software engineers and creative designers, with assistance from VR gaming experts and crypto/DeFi veterans, Solice aims to be the most immersive and interactive virtual environment in the blockchain universe, with a colorful landscape made up of five unique islands. In this alluring archipelago, players can participate in a range of activities, whether they wish to explore, invent, earn, game, barter or socialize. Key components of Solice include an integrated 3D NFT marketplace wherein users can buy, sell and browse items such as pets (whose rarity will determine APY rates), avatar apparel, the raw materials needed to construct various items (ore, rare gems), and even land and buildings. In the case of the latter, LAND NFTs are represented by 15x15m squares with the total number of parcels capped at 60,000. While Solice owns all public spaces, plazas and roads – none of which can be bought or sold by users – the rest of the terrain is up for grabs. Compatible with wearable VR/AR tech out of the box, Solice will take users to a phantasmagorical dimension: a released sketch of the metaverse shows several floating islands, each with its own unique properties and features. The first one users can get to grips with is Amoris, described as a Utopia for the civilized human species. Thereafter, islands such as the mysterious Yamashi and volcanic Ludivour will offer their own delights. Stacking Paper in Solice’s Meta-World Interestingly, Solice allows users to both take advantage of inbuilt earning opportunities and create their own revenue-raising models. Thus, players can stake tokens on land plots to obtain extra APY rewards while also getting to create mini-games that others are charged to play. The latter feature is enabled by an editor program, a stand-alone SDK scheduled for release next autumn. Play-to-earn (P2E) mechanisms in the form of quests, meanwhile, will incentivize users to complete missions in exchange for rewards. Solice’s powerful infrastructure means that it’s even possible to run competitions, host ticketed events (fashion shows, concerts), and rent desirable LAND parcels to other players, with 5% of all marketplace transactions collected as transaction fees. At the center of Solice’s burgeoning world is SLC, the project’s native currency. By holding such tokens in their wallets, players can vote on governance matters, earn staking rewards, create their own assets, and pick up NFTs from the marketplace. As in the most ambitious metaverse projects, Solice is pitched at a vast cross-section of users: liquidity providers and other DeFi veterans; hardcore gamers; even businesses, who can lease advertising space in busy public areas. While the hype is building nicely for the venture, users will have to wait until early 2022 to get to grips with everything Solice has to offer. Only then will we know whether Solana’s latest metaverse project has staying power.  

Bitcoin & cryptocurrency news

Polkadot Parachain Auction Highlight: Composable Finance

The Polkadot parachain auctions are continuously creating waves in the blockchain and DeFi space as promising projects are participating and seeking support to enable their vision for the future of the Dotsama ecosystem. Composable Finance has officially launched their crowdloan for the auctions in the second batch, opening the door for the DeFi ecosystem to support their efforts in securing a Polkadot parachain. It is important to note that Composable Finance has previously procured a Kusama Parachain and is taking a similar approach in their campaign for the DOT parachain.   Composable Finance aims to bring to life the idea of cross-chain communication to ultimately create a blockchain-agnostic environment. Through extensive research they have identified the benefits of the Dotsama ecosystem and have targeted their efforts towards Polkadot and Kusama to enable their underlying vision. As previously mentioned, Composable Finance successfully obtained a Kusama parachain by the name of Picasso which acts as a supportive hub for their innovation and is now engaging in the next steps of securing a Polkadot parachain to further advance their infrastructure and capabilities within this space. Notably, Composable Finance allows users to contribute to their crowdloan campaign using ERC-20 stablecoins in addition to $DOT. This functionality allows for contributions from a broader range of supporters outside of just $DOT holders and is an exciting way to converge and unify ecosystems to engage in joint progress for interoperability which aligns with the vision of Composable Finance. Additionally, Composable Finance offers very competitive rewards for early contributors of the crowdloan outlined here: 12% of their native LAYR token supply earmarked for crowdloan contributors with the additional incentives of: 10% bonus for the contributors that stake in the first three days of the crowdloan Additional 5% bonus to those staking in the first 24 hours of the crowdloan 5% bonus to stakers who previously contributed KSM or Stablecoins to Compasable’s Picasso crowdloan (Kusama Parachain Auction) 20% referral bonus to users that refer a sum of 1000 DOT to the crowdloan using the referral codes Composable Finance is on the journey to establish a truly interoperable environment for developers and users engaging in the broader DeFi ecosystem, one that is not held down by the barriers of the siloed multi-chain framework. The creation of a fully blockchain agnostic environment would tremendously impact the capabilities of the entire space and it is exciting that leaders such as Composable Finance are coming forward to spearhead this vision. The procurement of a Polkadot parachain is thus an instrumental step in enabling Composable Finance to move the needle towards interconnectivity and cross-chain communication in blockchain.

Bitcoin & cryptocurrency news

Relying On Data Analytics Can Help You Avoid Rug Pulls And Scams

A sizable portion of this world’s population has grown to love trading, buying and selling with all kinds of cryptocurrency assets as well as NFTs. This makes sense too as after all, who wouldn’t want to be a part of one of the fastest-growing industries of all time and earn a lot of money while doing so? However, with such popularity also comes the risk of investing in certain cryptocurrency projects which may turn out to be disingenuous and fraudulent. Rug pulls A ‘rug pull’ occurs when developers steal funds from investors and quit the project after a large sum has been allotted to the fraudulent DeFi project. These projects are typically established by individuals with ulterior motives and evil intent. One of the more recent famous rug pulls was that of the ‘Squid Game (SQUID)’ cryptocurrency, a project which looked to cash in on the massive success experienced by a Netflix show of the same name. After successfully drawing in numerous investors, it did not take long for rug pull reports to start coming in. Therein lies the problem though, as a large number of investors usually prefer to ‘get rich quick’ and so end up investing in projects which are based solely on the hype, with this usually resulting in substantial losses. Nowadays, the NFT sector is experiencing similar problems, as many individuals involved with NFTs often invest in projects that they know next to nothing about. Some of the more well-known NFT rug pulls involve the ‘Baller Ape Club’ (which was an obvious copy of the ‘Bored Ape Yacht Club’) and the ‘Iconics Presale’, which involved a teenager stealing a massive 1,000 SOL before deleting all social media accounts and activities. What’s the solution? The solution is rather straightforward and simple, which is to utilize AI-driven and other data analytics to help investors make more informed decisions. There are already many groups that are already working on this such as Delphi Digital, Dune Analytics, and Defy Trends. Defy Trends’ all-women team, in particular, had actually used both on-chain and off-chain data analytics to predict the crash which happened this past May. Imgesu Cetin, CEO and founder of Defy Trends believes using string analysis and data science algorithms to deliver real-time information on market sentiment, as well as the fundamentals is key. “We are able to use AI-powered market forecasting to give investors the information they need to make informed decisions without doing all the thinking for them,” said Cetin. “There are numerous trading bots out there, but we think our approach gives people the information to be informed of what is happening on-chain and off-chain so they can focus on the metrics they think matter.” The point is though that investors need to be made aware of the project that they are investing in and using data analytics would hence appear to be the answer. In fact, knowing data that occurs on a blockchain (on-chain) as well as all that transpires outside of it (off-chain) can often mean the difference between investing in a viable project or spending money on a blatant scam. As cryptocurrencies and NFTs become increasingly popular, so too will the aforementioned fraudulent activities and so one can never be too careful nowadays and should thus rely on data analytics.

Bitcoin & cryptocurrency news

CoinEx 4th Anniversary | Meet the CoinEx Team, from India to the World

On the 4th anniversary of the exchange, CoinEx has also hosted offline anniversary celebrations around the world with its global partners as a gesture to thank and give back to users. On the morning of December 11, 2021, CoinEx’s Partners in India held the“Meet the CoinEx Team”meet-up to celebrate its 4th anniversary, which attracted many local users. At the meetup, CoinEx’s Indian Partners gave their blessings to CoinEx for its 4th anniversary, and Bonnie, CoinEx’s CMO, greeted the local users through a video call. The event also arranged Quiz and Lottery sessions and wrapped surprise gifts for winners and all local users present. The Indian Partners also got a birthday cake to celebrate the exchange’s 4th anniversary together with the local CoinEx users. Apart from the meetup in India, there will be more fascinating offline events hosted by CoinEx in December. For instance, CoinEx will hold two more meetup events, one in Muntinlupa, the Philippines on December 15, and the other at Minneapolis MOA, US on December 21. Additionally, the “Love Storm” Charitable Program will be held in Nigeria on December 20. Since its inception in 2017, CoinEx has remained committed to its goal of globalization. Over the past two years, it has invested more manpower and funds to expand its international recognition and influence. As a key component of the exchange’s globalization strategy, the CoinEx Partner Program has introduced the CoinEx brand to a wider audience. By working with local KOLs and building localized promotion channels, CoinEx has leveraged the combined strength of Partners and localized operation. CoinEx’s global presence is inseparable from the support and trust of partners and loyal users. The anniversary meetup in India not only showed that the CoinEx is well received among local users but also conveyed CoinEx’s gratitude towards its Partners and users in India. Targeting the country’s market environment and user demands, CoinEx has said that it will recruit more partners for its internationalization and localization in India and conduct more refined, India-specific operations and promotions. In the future, CoinEx will keep offering more user-friendly, more stable trading environments and services for its Indian users in a world fraught with both opportunities and challenges.