Tag: Token

DefiLlama Rocked by Internal Crisis as Employees Disagree over Token Plan

The decision to launch the token did not sit well with most DefiLlama contributors who have now openly rejected it. There is an ongoing dispute among the employees of the decentralized finance analytics dashboard DefiLlama. According to an employee simply identified as 0xngmi, the company’s founders are planning a ‘LLAMA’ token launch without as much as soliciting employee support. Comparing the plan to a “hostile takeover,” 0xngmi has now distanced himself and other developers from the proposed launch. Hence, causing the team of developers to fork a new version of…

Arbitrum IOU, Futures Markets Heat Up Ahead of ARB Token Airdrop

However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or gain exposure to ARB prices using a smaller amount of initial capital via leverage. Source AheadAirdropARBArbitrumFuturesHeatIOUMarketsToken CryptoX Portal

Swiss Bankers Association Proposes Joint Deposit Token

Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by registered institutions and cited a push to regulate stablecoins by the FSB, OECD, and BCBS. This will enable supervision and optimal investor protection. Again, it stated the widespread adoption of digital currencies, including stablecoins, the breakdown in the crypto…

Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model – Bitcoin News

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The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, users of the Arbitrum platform, and DAOs that are building with the L2 technology. Arbitrum Launches Self-Executing DAO Governance Model That Aims for Increased Decentralization Arbitrum, the L2 scaling project, has announced the launch of…

Binance Announces Space ID Token Sale on Its Launchpad

Binance has announced Space ID (ID) as the 30th project it will host on its launchpad.  Space ID is the native token of the SPACE ID ecosystem, a Web3 identity protocol with a universal name service network. SPACE ID is developing a universal name service network that allows the discovery, registration, trading, and management of Web3 domains. Also, the project includes a Web3 Name SDK & API that allows developers to build and integrate all their Web3 identities into one toolkit.  How the Space ID Token Sale Will Progress Per…

ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement

CryptoX – Cryptocurrency Analysis and News Portal Currently, ARB is the sixth trending twitter topic in the United States with more than 10,000 tweets. Arbitrum posted a 93-second short movie that ends with Ed Felten, co-founder of Offchain Labs saying, “Let’s build Arbitrum together. 3.23.” The tweet has 1.4 million views. Original Source The post ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement appeared first on CryptoX. CryptoX Portal

Arbitrum to Airdrop New Token and Transition to DAO

Arbitrum worked with Nansen, the crypto analytics firm, to “snapshot” user activity in February in order to determine who should be eligible for ARB tokens. “How many transactions you did, how many different applications you used, and how long you’ve been using” Arbitrum One and Arbitrum Nitro were among the factors used to determine eligibility, according to Goldfeder. Source

Shiba Inu Token Falls 10% Amid Shibarium Code Drama

Discord user “Justinlime,” another network validator chimed in: “Even if some of the code was used in the beta does not mean all of it was. To me it’s very doubtful that it’s a direct fork with nothing changed. Forking, and building upon already established software, is the core foundation of what FOSS(free and open source software) stands for.” Source