Tag: Token

Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

CryptoX – Cryptocurrency Analysis and News Portal A senior executive at the exchange told CryptoX that “cryptocurrencies are no different from the products that go on the shelves at groceries or department stores,” he said, saying that clients have choices. “Not everyone shops to eat peas and carrots, the demand for desserts also exists.” Source The post Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure appeared first on CryptoX. CryptoX Portal

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Automated NFT Market Maker Sudoswap to Release Its Governance Token via Airdrop

The Ethereum-based SUDO token’s initial supply of 60 million will be distributed mostly to holders of XMON, the native token behind the 0xmon NFT collection, created by the founders of Sudoswap. XMON holders will participate in a lockup to collectively receive 41.9% of the total SUDO supply. During the three-month lockup, XMON holders can receive 10,000 SUDO per XMON token locked. Source

What is a gold-backed token and how does it work?

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What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency. Some cryptocurrencies are backed by gold in order to tie the derivative asset (crypto) to a tangible asset (gold), thereby preventing excessive fluctuations in price. Thus, gold-backed cryptocurrency is often more stable than other digital currencies. This is because the price of gold is generally…

GMX Token Top Arbitrum Network, How Far Can It Go?

The price of the GMX token has shown so much strength despite the downtrend across the market, with the GMX token eyeing a rally to its all-time high of $60. Bitcoin’s (BTC) price has shown less steam compared to recent times, this has affected most crypto assets, but this can not be said of GMX token. (Data from Coinex) GMX Token (GMX) Price Analysis On The Daily Chart  GMX token price has shown so much strength creating a higher high after hitting a low of $13; the price bounced off…

Potential Ethereum Hard Fork Token ETHPOW Could Trade at $18, Ether Futures Suggest

The value for ETHPOW tokens suggested by futures basis is significantly lower than the price at which IOUs representing the token are currently trading on exchanges MEXC, CoinW, Phemex, Bitrue, and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token. Source EtherEthereumETHPOWForkFuturesHardPotentialSuggestTokenTrade CryptoX Portal

Potential Ethereum Hard Fork Token ETHPOW May Trade at 1.5% of Ether’s Price, Futures Suggest

The value for ETHPOW tokens suggested by futures basis is significantly lower than the price that IOUs representing the token are currently trading at on exchanges MEXC, CoinW, Phemex, Bitrue and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token. Source

A16z Wants to Standardize NFTs by Giving You a License for Your Token

Some issuers have already turned to Creative Commons, a nonprofit organization that set up free copyright licensing to help creators share their work, but other NFT efforts have left their status murky. As a wave of no-rights-reserved projects have emerged, a16z argues an urgent need for clarity on how owners can use NFTs and give others permission to use them. Source

Crypto Lender Nexo Allocates Additional $50M for Token Buyback Initiative

“In these challenging market conditions, the NEXO Token has moved consistently with the likes of BTC and ETH,” said Antoni Trenchev, Nexo Co-Founder and Managing Partner, in a press release. “Right now, our investors and clients require solid ground to walk on, and our third token buyback ensures this added stability as we emerge from the latest market roller coaster.” Source