Tag: Token

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

AVAX Slips, Adding Tension To $365-M Token Unlock Drama

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The price of Avalanche’s AVAX token has dipped by 11% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token’s circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX. Unlocking Event Triggers AVAX Price Dip Source: Token.Unlocks Token.Unlocks data indicates that on Thursday, locked-up tokens valued at approximately $303 million will be released from vesting and put into circulation. On February 15th, a significant unlocking event saw 9.5 million AVAX…

Roqqu Announces the Inclusion of Bitcoin.com’s VERSE Token on its Wallet Platform, Aiming to Foster DeFi in Africa

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PRESS RELEASE. 21st February, 2024 – Roqqu, a leading African blockchain technology company with over 1.6 million users and a vibrant community of 700,000 active users, is thrilled to announce the listing of VERSE token, the official utility and rewards token of Bitcoin.com, on its robust wallet platform. This integration marks a significant stride in […] Original

Starknet’s STRK Drops 53% Amid Token Issuance Criticism

A large part, 50.1% of STRK’s supply, has been allocated to the Starknet Foundation for community airdrops, grants and donations. 24.68% of STRK’s total supply will be distributed to early contributors and investors, while 32% has been assigned to developer StarkWare’s (its developer) employees, consultants and developer partners. Source

Starknet’s STRK Token Trades at TKTK After Mammoth Airdrop

With an initial total supply of 10 billion tokens, the fully diluted value (FDV), the theoretical market capitalization if the entirety of its supply were in circulation, of STRK stands at $35 billion. However, the actual market cap, which is the current circulating supply multiplied by the current price, is at $2.32 billion. Source

Binance to shut down multiple leveraged token listings

Binance has announced the discontinuation of support for certain leveraged tokens associated with Bitcoin, Ether, and BNB, effective Apr. 3. Unveiled on Feb. 19, the decision specifically targets leveraged tokens BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN, all paired with Tether. The exchange will halt trading and subscription services for these leveraged token pairs on Feb. 28 at 06:00 UTC, as stated by Binance. All trade orders for the leveraged tokens that they mentioned will be ‘automatically removed’ on the set date, indicating a firm deadline for users to adjust…