On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift decentralized autonomous organization (DAO). Solana-Based Dex Platform Drift to Distribute Governance […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Tag: Token
Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1
Arbitrum (ARB) runs the risk of a significant price decline due to its upcoming token unlock on April 16. These token unlock events are known to be a recipe for high volatility because of what could happen in the aftermath of their occurrence. $107 Million Arbitrum Tokens Set To Be Unlocked Data from TokenUnlock shows that 92.65 million Arbitrum tokens (3.49% of its circulating supply) are set to be unlocked on April 16. 56.13 million ($65.10 million) of these tokens will be distributed to the team, future team, and advisors,…
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer. Source
Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop
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Aptos (APT) Underperforms Bitcoin (BTC), Ether (ETH) Price Ahead of $300M Token Unlock
Token unlocks happen because the supply of many cryptocurrencies are locked up in vesting to prevent insiders – early investors, team members – from dumping tokens en masse. Prices historically decline around such events, as the supply increase outpaces investor demand for the asset, according to research by crypto analytics firm The Tie. Source
99Bitcoins raises $100k on day-1 of token presale
One of the most established crypto media outlets, 99Bitcoins, has changed ownership and introduced a new native cryptocurrency, 99BTC. The token is currently undergoing a presale. It raised $117K in its opening day as quick-footed traders swooped in for its initial discounted price. 99Bitcoins launched in 2013, the same year as CryptoX. However, it now spearheads crypto media innovation through its decentralized, user-owned 99BTC token and its accompanying Learn-to-Earn platform. Is $99BTC a 100x sleeping giant? Currently in its stage 1 presale, market participants can buy 99BTC at its lowest-ever…
SHIB Token Creators Shiba Inu Are Working with CDSA on AI-Driven Concerns
Shiba Inu developers will propose and develop blockchain technology specific to media and entertainment, such as security and content distribution. CDSA is an international nonprofit organization that was founded in 1998 to provide best practices for the delivery and storage of entertainment, software and information technology. Source
First Mover Americas: Uniswap's Token Slides on SEC Lawsuit
The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
FRIEND Token Airdrop Expectations Bring Users Back to Friend.Tech
Friend.tech was earning in excess of $1 million per day in fees at its August peak after going viral on X and gaining more than 100,000 unique users, a significant number for crypto application standards. Shares of some crypto X personalities, such as @Cobie and @HsakaTrades, jumped to as much as three ether, or nearly $5,000, at the time. Source
Revolutionizing Data Ownership: DOP Secures $162 Million in Landmark Token Sale Ahead of Mainnet Launch
PRESS RELEASE. In an unprecedented demonstration of community support and market confidence, DOP (Data Ownership Protocol) has successfully raised $162 million through its recent token sale. This remarkable achievement not only underscores DOP’s innovative approach to data ownership but also positions it among the top 10 token sales in the history of cryptocurrency. DOP’s journey […] Source CryptoX Portal