Tag: Token

CasperLabs & BitMax.io Conduct First-Ever Exchange Validator Offering (“EVO”) to Promote Decentralization and Provide Access to Retail Token Buyers

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CasperLabs, a Switzerland-based development company, constructing a high-performance blockchain network that implements the Correct-by-Construction (“CBC”) Casper Proof-of-Stake blockchain protocol, has announced a collaboration with BitMax.io, a Singapore registered digital asset trading platform, to facilitate an exchange validator offering (“EVO”) through which BitMax.io will provide technology support to give its users exclusive access to participate in CasperLabs’ private validator token offering. The collaboration between CasperLabs and BitMax.io represents a unique go-to-market approach for high-caliber blockchain projects which have historically restricted access to seed and private token sales to a selective niche…

OKEx Now Lists Orchid (OXT) Token, Spot Trading to Go Live on March 30, 2020

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The leading global cryptocurrency derivatives and spot exchange platform OKEx has announced the addition of Orchid (OXT) token to its list of tradable crypto-assets. The utility token is designed for use on the Ethereum blockchain-based Orchid peer-to-peer open marketplace for buying and selling VPN bandwidth. The deposits and withdrawals of OXT on OKEx will be available from March 27 and 31st at 09:00 UTC respectively. In between, the OXT/BTC and OXT/USDT spot trading feature will go live on Mar 30, 2020 at 09:00 UTC. The Orchid platform is designed to…

Tether (USDT) Expands to Bitcoin Cash (BCH) to Issue SLP Token

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Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020.  Stablecoins for Tumultuous Times The recent market crash bolstered the value proposition of stablecoins in the cryptocurrency market. Tether saw a near $500 million increase in market capitalization, and more could be yet to come. Bitcoin Cash has done well for itself since forking from Bitcoin. Obviously, it…

Binance.US Will List Tezos Token for Trading on March 16th

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On March 16th, digital asset marketplace Binance.US will list XTZ, the in-house cryptocurrency of blockchain project Tezos. According to an announcement on Binance’s website, trading for XTZ/USD and XTZ/BUSD trading pairs will be available on Monday, March 16th at 9:00 AM EST. At the time of writing, users on Binance.US can deposit USD, BUSD, or XTZ to their wallets before trading goes live on Monday. However, only deposits of the XYZ tokens will be allowed; withdrawals are permitted after 9:00 AM on March 16. XTZ is currently valued at $1.47.…

This Token Surged 65% in March despite Crypto Market’s $86.35B Loss

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A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.65 by the mid. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it headed into March, surging…

This Token Surged 62% in March despite Crypto Market’s $36B Loss

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A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.62 by the 12th day of the month. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it…

This Token Surged 62% in March despite Crypto Market’s $36B Loss

boss

A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.62 by the 12th day of the month. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it…

Traditional Markets Remain Skeptical of TZero-Backed Security Token Platform

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The Boston Security Token Exchange (BSTX) is still looking to be approved by the United States Securities and Exchange Commission.  The second amendment to its Oct. 11 filing, submitted on Feb. 19 and published on March 6, makes it explicitly clear that the security tokens will not have any role in defining ownership. BSTX is a proposed exchange platform jointly owned by Box Digital Markets and Overstock’s blockchain arm tZero. Its goal is to be the “world’s first regulated exchange to trade security tokens,” according to its website. The text…

Someone Just Minted a Doge-Themed Crypto Token Worth $129,000

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A Doge-themed non-fungible token (NFT) now appears to comprise the most valuable ERC-1155 in existence. The NFT is backed by over 1,155,777.1 Enjin (ENJ) — worth approximately $129,000 at the time of writing. The NFT, “It’s good to be the King,” was minted on March 1 and pays homage to the meme-inspired DOGE cryptocurrency depicting the well-know Shiba Inu donned with a regal crown and staff.  ‘It’s good to be the King’ ERC-1155: Enjix The token’s name appears as though it may be aimed in jest at the now-second-most valuable…

Compound Extends DeFi Ethos to Itself, Launches Governance Token

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Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. “My personal belief is that nobody would use bitcoin if it was run by the ‘Bitcoin Corporation,’” Robert Leshner, Compound’s founder, told CoinDesk in a phone call. “Its power comes from the fact that nobody truly controls it.” In that spirit, Compound is launching the testnet of its experimental governance platform today, complete with a trial version of its COMP governance token. Launched in late 2018, Compound has held steady as a top-three DeFi dapp on ethereum basically as…