Tag: Token

Web3 protocol DeChat reimburses users after honeypot token launch

DeChat users buying the project’s token on Pancakeswap were directed to a malicious address, but the team resolved the matter after ZachXBT flagged concerns on X.  SocialFi protocol DeChat has reimbursed users who sent funds to a honeypot address attached to the project’s native token, according to the team’s official X account. On-chain sleuth ZachXBT alerted the protocol and its supporters to an issue with the Pancakeswap contact address provided. A crypto honeypot is an address or protocol to lure unsuspecting victims into parting with their assets. Scammers and bad…

OG Ethereum ERC-404 Token PANDORA Is Rallying Again, What’s Behind It?

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PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are. Whales Set Their Sights On PANDORA The most obvious reason behind the price push recorded for PANDORA over the weekend can be traced back to significant whale activity. On-chain data tracking website Lookonchain, flagged a number of…

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value. Source

SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting

Since Japan designated Web3 as a “national strategy,” an increasing number of traditional companies in the country have either merged or are contemplating integrating their businesses with Web3, Jangdeok Ko, the CEO of the non-fungible token (NFT) marketplace SBINFT, has said. Ko conceded however that many of these companies are still in the “trial-and-error stage,” […] Source CryptoX Portal

Web3 advisor Coinsilium to guide LC Lite in token launch

Web3 advisor Coinsilium Group Ltd. has inked a deal with global trade exchange platform LC Lite, steering the ship for its upcoming token launch. The collaboration aims to integrate distributed ledger technology (DLT) features into LC Lite, to enhance marketplace liquidity and foster stability in cross-border export financing. Coinsilium’s strategic advisory services come to the forefront as LC Lite, which was recently acquired by Incomlend, aligns itself with the Web3 advisor. Incomlend, a company focused on addressing loopholes in the global trade finance ecosystem, has joined forces with LC Lite.…

Uniswap (UNI) Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul

Koen’s proposal is a significant development for the largest decentralized exchange by trading volume, marking a departure from last year’s initiative to reward token holders with accrued fees. Last June, the Uniswap community turned down a proposal that would have switched on fees for many of the exchange’s liquidity pools and distributed a part of the revenue among token holders. In an October move, the exchange started to charge a 0.15% fee on crypto swaps involving ETH, USDC and other tokens initiated on the protocol’s interface. Source

Starknet’s STRK Jumps 10% as Starkware Changes Token Unlock Schedule After Criticism

“Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule,” according to StarkWare. “1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027.” Source

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source