Tag: Token

Filecoin’s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch

The network first announced FVM’s launch last September at the FIL Singapore conference, promising the software platform would support an array of user programmable applications such as perpetual storage, storage replication and repair automation and liquid staking through block rewards. The platform also has the capability to support the creation of data-centric decentralized autonomous organizations (DAOs), which would facilitate pay-per-view transactions and the creation of Web3 games, among other applications. Source

Crypto Exchange OKX To Launch New Blockchain As Utility Token OKB Reaches Fresh All-Time Highs

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Crypto exchange platform OKX is gearing up to launch a new blockchain as its native token surges to new all-time highs. Star Xu, the founder of crypto derivatives exchange OKX, says that the firm will be launching a new but separate blockchain as its native asset OKB reaches new all-time highs. According to Xu, the new blockchain called the OKXChain will focus on creating a decentralized ecosystem for the protocol, granting users access to decentralized finance (DeFi) and decentralized applications (DApps). OKXChain will be created and operated solely by the…

Bitget Announced Panda Farm (BBO) Token Sale on Its Re-launched Launchpad Platform – Press release Bitcoin News

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press release PRESS RELEASE. Victoria, Seychelles, February 16, 2023 – Bitget, the world’s largest crypto copy trading exchange, announced the relaunch of its Launchpad platform, which provides exclusive access to promising blockchain projects at an early stage. Panda Farm (BBO), the first completely decentralized GameFi project running on Arbitrum, will be launched on Bitget Launchpad on February 16. A total of 1,000,000 BBO utility tokens will be offered for purchase. Bitget’s Launchpad was initially introduced in February 2022, and as of now, it has launched five early-stage projects with an…

Co-Founder of Privacy-Focused Gnosis Chain Proposes Plan to Reduce Ethereum Dependency for GNO Token

Köppelmann cited bridge risks as a key factor in his proposal. “Currently, the bridge has the right to mint unlimited GNO tokens on Gnosis,” he wrote. “Of course, it is only supposed to mint GNO tokens on Gnosis if an equivalent amount has been locked on Ethereum (and that should be limited), but bridges are unfortunately still a potential source of hacks and bugs and thus are a risk.” Source

Bitget’s Native Token Rallies 121% in Less Than a Week As Crypto Exchange Sees Rapid Growth

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Crypto exchange Bitget’s native token BGB is outrunning most of the markets as it prints a new all-time high after parabolic rallies. According to Bitget’s managing director, Gracy Chen, the exchange has hit a number of new milestones in the last several months. Addressing BGB’s big run-up, Chen says that Bitget has been innovating all through the bear market, helping set itself apart from competitors. She references Bitget’s new proof-of-reserve report, which cites a January 31 snapshot that purports a 227% reserve ratio on the exchange’s assets. After the collapse…

Lido DAO’s Governance Token LDO Jumps on Treasury Proposal

The proposal was submitted by Lido DAO’s financial unit, Steakhouse Financial, and considers four treasury-related proposals, including whether the DAO should sell or stake the 20,304 ether (worth about $30 million) it holds in its treasury, diversify its stablecoin holdings and sell its protocol surplus of staked eth to finance operating expenses. Source