MEXC Says ‘clawbacks’ Only Affect Delinquent Traders As Users Report Missing Funds
Crypto exchange MEXC has denied claims that it “steals” customers’ profits back when they have unusually large profits. In a recent X post, the exchange stated that “users engaging in normal trading activities will not be affected” by its clawback policies, which it claims are in place to protect the exchange against alleged market manipulation. Meanwhile, some customers say that funds were unjustly deleted from their accounts on the exchange.
MEXC is the 11th-largest centralized crypto exchange by trading volume, according to CoinMarketCap, with approximately $1.3 billion worth of spot trading volume each day. The exchange is especially well known for its perpetual futures trading platform, which does over $7 billion in daily volume.
In a conversation with Cointelegraph in February, an MEXC user with the screen name “Al Gore Rhythms” claimed that MEXC froze his account and deleted some of his funds after several crypto perpetual futures trades. According to him, his trades of BONK, ICP (ICP), SATS and GROK altcoin perpetuals were up by 380% to 2,200% when his account suddenly stopped working. Login attempts then produced error messages stating that his account had been restricted due to “risk control.”
MEXC error message. Source: Al Gore Rhythms
According to the user, he later discovered that an alleged amount of $33,658 had been deducted from his spot account. This deduction was allegedly not recorded on his transaction history, although his balance showed that it had been reduced from $75,054.54 to $41,396.54.
Seeking help from customer service, Al Gore Rhythms opened a ticket asking why the funds had been deducted. In response, MEXC representatives allegedly told him that the exchange had “taken measures to recover the losses incurred” due to “abnormal trading activities” from his account.
Alleged email from MEXC. Source: Al Gore Rhythms
In response, AI Gore Rhythms asked for a transaction record showing the amount deducted, which he told the exchange he needed for “tax purposes.” He claims the exchange refused to give him this information and later deleted his entire transaction history. The user showed Cointelegraph a video of his transaction history, which displayed only blank pages. He also produced what he claimed was a screenshot of the transaction history from before it was deleted.
Cointelegraph could not independently confirm the allegations, or whether the video and screenshot were from the same account.
Related: RiskOnBlast suspected to be first rug pull on Blast after $1M presale
According to AI Gore Rhythms, he sought further information from MEXC’s customer service and was told that the funds were taken to cover “the losses of the mexc.”
Alleged conversation between customer service and user. Source: Al Gore Rhythms
Another user, Coach K Crypto, also claims that MEXC deducted funds from his account unjustly. According to a Feb. 27 X post from The Gold Pod co-host Mason Versluis, Coach K Crypto claimed that $330,000 was taken from his MEXC account “due to abnormal profit,” which the MEXC customer service representative allegedly called a “crawback,” seemingly mispelling “clawback.”
In a reply to the post, MEXC claimed that the exchange’s risk control policy does not affect ordinary users who engage in “normal trading activities.” A spokesperson for the exchange also said there is an appeals process for users who feel this policy has led to unjust deductions.
Cointelegraph was also contacted in February by a different MEXC user from Pakistan who claimed the exchange had frozen his trades and caused them to become liquidated. According to the user, who wished to remain anonymous, the freeze stopped him from closing his trade, resulting in trading losses that otherwise would have been prevented.
He claimed the exchange offered to pay him $3,000 in compensation in exchange for deleting his X posts that complained about the incident. However, the exchange allegedly withdrew this offer when his posts aged and stopped receiving as many views. This user did not produce a screenshot of the offer being made.
Related: Hong Kong issues warning over imposter crypto exchange posing as MEXC
Crypto trader Hashmoney told a similar story in a Jan. 4 thread on X. Hashmoney claimed that when their account was frozen, “I was not able to hedge my positions, reduce the margin or do anything at all.” In response, they “requested the customer support that they may keep withdrawals restricted but shall at least allow me to trade so I can prevent my balance from liquidating.”
However, MEXC customer service allegedly only allowed Hashmoney to add to their position for 30 minutes and did not allow them to close it out. As a result, “My whole futures account was liquidated taking away 11000$+ and [the] rest was deducted in daily fees as I was not allowed to hedge my positions,” the user wrote. Hashmoney alleged that they still had $600 remaining in the account but could not withdraw it due to the freeze.
MEXC replied to Hashmoney’s thread, claiming an investigation was underway and asking the user to contact customer service for an update. Hashmoney claimed they would update the thread when they obtained a resolution. No update has since been posted at the time of publication.
Cointelegraph contacted MEXC for comment but did not receive a response by the time of publication. A blog post on the exchange’s official website claims that “abnormal trading behavior” consists of activities such as placing multiple orders and canceling them (often called “spoofing”) or using multiple accounts to artificially inflate volume by trading between them. Al Gore Rhythms claimed that he did not own multiple accounts and did not engage in spoofing.
Similar allegations against MEXC were made by multiple users in December. At the time, MEXC claimed that the allegations were misinformation. “Social media is rife with misinformation, and certain individuals purposely distort facts for personal agendas,” a representative stated. The representative also claimed that clawbacks are only implemented after “strict review, in accordance with user agreements.”
If you got into Crypto space earlier enough say 2021 and have up to 500 thousand naira in crypto since then, it is likely you are millionaire as we speak.
You may not understand how multimillionaire you are almost becoming most especially if you hold fine projects. Just hang on even if you can't buy much anymore due to the Naira predicament .
90% of people are going to fumble the bag again this cycle.Please don't be one of them.This could be your last chance to make it in crypto.🧵: Here are 15 rules you must follow in order to maximise this bull run.👇1. Keep things simple.As the market heats up, things can get overwhelming.More distractions, more opportunities, more noise.Don't lose focus.Pick a niche, stay in your lane, find an edge and stick with it.Accept that you're going to miss opportunities and be ok with it.2. Accept that hype > fundamentals.This can a tough pill to swallow.But in a bull market, hype and speculation are the strongest price drivers.Focus less on fundamentals and more on understanding market psychology.3. When you have a strong thesis, back it with conviction.Size up when the stars align."Play long enough, you never change the stakes, the house takes you. Unless, when that perfect hand comes along, you bet big, and then you take the house." - Oceans 114. New coins are gud coins.The market loves gravitating towards the new, shiny objects.These will often outperform their older predecessors.Many of the strongest gainers will be the newly listed tokens, especially those with a low float.5. Don't let corrections shake you out.During a bull run, the worst thing you can do is get shaken out prematurely.These dips will psychologically test you, but are completely normal during a bull run.Minimise leverage on core positions, don't panic, and keep conviction.6. Zoom out. People get too caught up on smaller time frames.This doesn't only apply to buying/selling, but also the time frame in which you evaluate a thesis/idea.Don't let inconsequential price movements deter you.7. Add on dips.In an uptrend, dips should be treated as a gift.Focus on accumulating the strong coins that hold up well. These often pump the hardest on the rebound.8. Long the leaders.Within a narrative, the first mover advantage is substantial.Often times sticking to the leader of a specific trend is a better R/R play than longing the lower-cap beta plays.9. Lower your IQ.Don't laugh - it works. Evidence? $DOGE, $SHIB, $PEPE etc.Try not to outsmart yourself.10. Ladder out.Making money in a bull market is easy, but keeping it is difficult.Regularly take profits and siphon them into a separate cold wallet.I'd rather give up a small % of my potential gains than walk away empty handed.11. Don't rotate.As tempting as it is, don't get stuck in the loop of rotating profits from one investment to another.This game of hot potato is all good and well, until you drop it.It's better to predefine a % of your profits that go into stables vs back into the market.12. Don't short.Fighting the trend is a dangerous game in any trending market.In crypto, longing offers a better R/R ratio as it has unlimited profit potential with losses limited to the initial investment.13. Leave a moon bag.It's prudent to take profits after achieving massive gains. But in a bull market, oftentimes the subsequent gains dwarf your actual profits.Leaving a moon bag (small position) ensures that you retain some exposure in case things truly go parabolic.14. Refine your information sources in social media. The results you get out are only as good as the information you put in.15. Make hay while the sun shines.These conditions don't last forever.Those who were around in 2017 and 2021 have experienced this first hand.Take your opportunities. Whether it be airdrops, IDOs, DeFi or trading.Now is the time to get stuck in the weeds and get involved.I hope you've found this thread helpful.Follow me for more content like this + deep dive altcoin research, analysis, airdrop opportunities and more.Also, Like the quote,share below if you can#Write2Earn #TrendingTopic
A throwback to the worst trading mistakes in web3 history where people lost millions of dollars.
1. Franklin Franklin made a simple mistake that cost him $160k in just a few minutes. Here's how it happened... Franklin was tired of people placing fake bids on NFTs. So he minted an NFT that said:
And as a joke he placed a fake 100 ETH bid on his own NFT. But because of this fake high bid, someone offered Franklin 1.9 ETH for his NFT. Which Franklin immediately accepted. But there as a problem... While Franklin immediately ran to twitter to celebrate the 1.9 ETH he he just made.
He FORGOT to cancel the 100 ETH offer he made on his own NFT. So the person who bought the NFT, just sold it back to Franklin for 100 ETH.
That person was named MemeWasBorn. And he just became $160k richer. He wasted no times buying historical NFTs and Miladys with the money.
Out of depression franklin returned the guy his 1.9 Eth back and asked him if he can return his 100 #Ethereum
Which MemeWasBorn responded by sending Franklin a Milady 😂
2. Pranksy
Pranksy made one of the best NFT trades of all time.
He minted over 1,250 Bored Apes.
But there was a problem...
He sold all of his Bored Apes within 3 months of minting them 🤐
He even traded a BAYC for a box of rap tapes & CDs
Which is painful because BAYC ended up being the best performing NFT of all time.
3. Dino Dealer Dino Dealer bought a picture of a digital rock.
And he hit the jackpot since these rocks quickly started selling for six figures. Dino wanted to lock in profits, so he decided to list the rock for $1m. However, there was a big problem... Dino had a typo when listing his rock. Instead of listing it for $1.2 million, he listed it for a penny. And a bot immediately bought the rock giving Dino no time to correct his mistake. Just like that, Dino's entire net worth disappeared in a click of a button.
Have you ever bought an NFT ? how it goes for you ?
🚨 **IMPORTANT SECURITY ALERT** 🚨 Dear Binance Community, We have received intel about a new scam where fraudsters ask users to share their Binance accounts in return for commissions. Don't let these sweet words lure you - this path leads nowhere good. 💔 Remember, **sharing your Binance account violates the Binance Terms of Use**. It's your account, and that means you are responsible for all activities happening in it. Sharing your account with outsiders flings the door open to severe risks, including: 1️⃣ **Illegal Activities**: If scammers sneak into your account, they might use it for illegal deeds, getting you banned, or worse - caught in the crosshairs of the law. 2️⃣ **Losing Access & Assets**: Once scammers gain the keys to your account, they might lock you out and strip it of your funds. All your hard-earned investments vanish - poof - like a magic trick you never wanted to see. 3️⃣ **Identity Theft**: Handing over your account to someone is equivalent to sharing your personal ID. Scammers often use this information to impersonate you, causing damage that goes way beyond your fund losses. Promises of easy money, like commissions, are often dangling carrots leading to difficult consequences. Everyone dreams of a golden goose, but this one's a booby trap!
So, here are the golden rules to safeguard your Binance accounts: *Silence is Gold*: Never share your account details like passwords, email/logins, or two-factor authentication codes. Your secret's safe with you! *Eagle Eyes*: Set up notifications to keep track of account activity, putting the ball in your court whenever there's a login or transaction taking place. 📲 *The Truth Test*: When strangers approach you with irresistible offers, treat it like fake news before you confirm it's genuine. Also, remember that the Binance team holds your security dear, and will NEVER ask for your password or nudge you to switch to a different platform for support. 🛡️ Together, we can keep this community secure! 💪🔐 Stay Safe & Keep Rocking, Team Binance 🛡️🌐
"Will the script for the first half of 2024 be like this??? 1. Bitcoin breaks the historical high of 69000, ETH breaks the historical high of 4800u, ordi breaks 1000u before March 2. Bitcoin continues to fluctuate, Ethereum system pulls the market a month later, Bitcoin takes over 3. Bitcoin fluctuates, Ethereum fluctuates, second layer, pow, inscription and others spiral up together Air Force family, be careful!!!!!!!!!""
Well, hopefully it functions and beat everyone's imaginations.
Learn_With_Fullo
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Nigeria to officially join crypto trading with launch of cNGN stablecoin
“Nigerian banks and other fintech companies will launch the cNGN stable coin on February 27, 2024.”Nigeria has announced plans to officially join crypto trading on February 27, when it will launch its own stablecoin, cNGN. Presidential media aide Olusegun Dada made this announcement via his official handle on Friday.“Nigerian banks and other fintech companies will launch the cNGN stable coin on February 27, 2024,” Mr Dada said. “The cNGN is part of the Central Bank’s efforts to ensure the Naira becomes a stable currency that can be relied on by investors and users across the globe.”With the cNGN, Nigerians and other nationals from any part of the world can trade cryptocurrency without buying the USDT with naira as currently practised. “It is similar to other stable coins like USDT and USDC and will join other currencies that can be used to trade from any part of the world,” Mr Dada said.When launched on February 27, as announced, the cNGN is expected to be listed on major crypto exchange platforms, Binance, Coinbase, Kilpin etc.This follows the lifting of the ban on cryptocurrency by the Central Bank of Nigeria late last year. The apex bank said its decision to lift the ban on cryptocurrency was informed by global trends that show there is a need to regulate cryptocurrency.#Nigeria #dyor
GEC Overcomes Regulatory Hurdles for DOGE-1 and Geometric-2 Satellite Missions
According to Foresight News, Geometric Energy Corporation (GEC) CEO announced in a tweet that the company has overcome regulatory obstacles with NOAA, FCC, NTIA, NASA, and DOD. They will now begin orbital trajectory analysis and mission testing for the DOGE-1 and Geometric-2 satellite train constellations. In addition, both missions have signed contracts with SpaceX, ensuring that satellite flight and ground systems are prepared for integration with the first available DOGE-1 and Geometric-2 low Earth orbit transporters.
Don’t miss $OVER Airdrop this might be your opportunity to make it big again!!!
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Як знайти проекти, що обіцяють 1000%-5000% в прийдешньому?
1) Заходьте на #CoinMarketCap .
2) Шукаємо токени з капіталізацією до 50 млн $.
3) Оцінюємо ключові аспекти:
- Розглядаємо обсяг монет у обігу та чи обмежена їхній емісія. Більший обсяг в обігу зазвичай вигідний, бо нові токени можуть тиснути на ціни у майбутньому.
- Перевіряємо активність у соцмережах, зокрема в Твіттері. Кількість підписників не все — активність спільноти грає ключову роль.
- Читаємо вайтпейпер для розуміння задуму проекту та технічних аспектів.
- Аналізуємо токеноміку та фандрейзінг. Важливо знати, за якою ціною Фонди входили в проект.
- Перевіряємо інформацію про кількість гаманців та їхню динаміку.
- Розуміємо бізнес-модель проекту та його джерела доходів.
- Перевіряємо список бірж, де вже присутній проект.
- Досліджуємо тривалість існування проекту.
4) Знаходження недоліків — ключовий етап дослідження. Ідеальних проектів не існує.
5) Якщо мінуси переважають, відмовляємось. Якщо навпаки, робимо інвестицію.
6) Розуміння ризиків — основа інвестування в молоді проекти. Рекомендовано не більше 10%-15% у портфелі.
Unveiling the Next Potential 100x Gems: Top 5 BRC-20 Coins to Watch
Introduction:In the ever-evolving landscape of cryptocurrency, BRC-20 tokens have emerged as a unique and promising category, utilizing the security and decentralization of the Bitcoin blockchain. These tokens, based on ordinal inscriptions, introduce a novel way of attaching data to satoshis, Bitcoin's smallest units. This article explores the features, relationship with Bitcoin, and presents a curated list of the top 5 BRC-20 coins with the potential for significant growth.Features of BRC-20 Coins:BRC-20 tokens distinguish themselves by their compatibility with the Bitcoin network, leveraging its security features. Created through JavaScript Object Notation (JSON), these tokens define characteristics such as name, symbol, supply, and decimals, inscribed onto satoshis. Unlike other token standards, BRC-20 tokens do not rely on smart contracts, simplifying their structure but limiting functionality to basic operations like minting and transferring.Popularity and Market Capitalization:With over 14,000 tokens minted and a cumulative market capitalization exceeding $600 million, BRC-20 tokens have garnered significant attention. Notable examples include Ordinal (ORDI), OXBT, and Pepe, tradable on platforms like OrdinalSwap—a decentralized exchange supporting ordinals and BRC-20 tokens.Top 5 BRC-20 Coins by Market Cap:1. Ordinals ($ORDI):ORDI, the native token of the Ordinals network, powers a decentralized platform for creating and trading NFTs. Offering unique features like multi-blockchain support and a distinctive tokenomics model, ORDI has seen optimistic price predictions, potentially reaching $100 by 2023 and $500 by 2025.2. Sats ($SATS):Representing the smallest unit of Bitcoin, SATS facilitates fast and cost-effective transactions on the Bitcoin network. Integrated with the Lightning Network and various DeFi platforms, SATS has price predictions reaching $0.00001 by 2023 and $0.0001 by 2025, reflecting Bitcoin ecosystem adoption and DeFi innovation.3. Pepe Coin ($PEPE):Inspired by the popular Pepe the Frog meme, PEPE operates on the Binance Smart Chain, offering low fees and high scalability. With deflationary mechanisms and rewarding systems for holders, PEPE could potentially reach $0.005 by 2023 and $0.001 by 2025.4. NALS ($NALS):NALS powers a decentralized marketplace for digital content creators and consumers. With features like content monetization without intermediaries and a proof-of-creation algorithm, NALS has price predictions soaring to $1 by 2023 and $5 by 2025.5. VMPX ($VMPX):Fueling the VMPX protocol, VMPX facilitates decentralized trading of synthetic assets. With features like a collateralized debt position system and dynamic fee model, VMPX is anticipated to reach $0.1 by 2023 and $0.5 by 2025.Conclusion:As the cryptocurrency landscape evolves, BRC-20 tokens bring a unique dimension to the market. The top 5 coins highlighted here showcase diverse use cases and innovations, offering investors a glimpse into potentially lucrative opportunities within the BRC-20 ecosystem. However, prudent decision-making and thorough research are advised in navigating the volatile crypto market.Disclaimer:The information provided in this article is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments involve a high level of risk, and market conditions can change rapidly. The article does not constitute a recommendation or endorsement for any specific investment strategy.Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.$ORDI $PEPE #ORDIUSDT #ordinals
5 Top Real World Asset Crypto That Can Make You Millionaire In The Next Bull Run
The next bull run is close, and this may be your chance to attain generational wealth. In the last three bull runs, 2013, 2017, and 2021, we had monumental gains. Every cycle presented us with a 2-3-year accumulation phase prior to the peak. This means that this is the time to position narratives that have high potential, and one such narrative is the real-world asset (RWA) crypto.We look at the 5 top RWA cryptos that have the potential to make you a millionaire in the coming bull run.Why Real-World Assets?Asset tokenization has become a top trend in the crypto space over the years. RWAconstitutes the process of utilizing distributed ledger technology (DLT), like blockchain, to track physical and intangible assets. The performance and valuation of these tokens are, however, derived from sources outside the blockchain.As such, RWA encompasses a representation of assets that are not inherently native to the blockchain.They are seen as a massive front since they have the potential to disrupt the current financial infrastructure. This may lead to the creation of a more efficient system. Based on predictions by a Boston Consulting Group report, the market for tokenized assets could mushroom to $16 trillion by 2030.5 Top RWA-Based Crypto To Look AtOverall, the outlook for RWAs is promising. However, there are tokens in the narrative that are making names for themselves, which prompts the idea of them amassing big volumes in the next bull run.1. Realio Network ($RIO)Realio encompasses a peer-to-peer exchange platform utilizing a customized distributed network that carries out the issuance and financing of digital assets. Case in point, the Realio Network constitutes a multi-layer solution that seeks to ensure that regulations as well as decentralization coexist. It does this by offering Layer-2 issue controls in a flexible protocol.RIO is the utility token of the Realio Network and platform. RIO is used to pay for the creation of projects and the issuance of tokens. In various instances, the token is also used as the network’s native gas.In the past month, the token’s price grew from $0.2 to over $0.8, which signified a 515% rise. It currently stands at $0.71, which means that the token could still grow.2. Centrifuge ($CFG)Centrifuge is a decentralized finance (DeFi) lending protocol. The platform aims to make credit more accessible to small businesses.The native token of the platform is the Centrifuge token (CFG). The token ensures the security of the platform and gives users transaction fees. CFG allows one to participate in the network’s governance and stake assets.CFG has its price at $0.6978 and a market cap of around $251.34 million, which is an indication that it has massive potential for growth. Therefore, it makes up an option for a long-term investment.3. Chromia ($CHR)In the crypto space, Chromia has been known to many as a blockchain platform that paves the way for people to create dApps in the real world. It operates as a private, public, or hybrid blockchain, allowing developers to utilize its tools to create a range of applications.CHR is the native token of the Chromia platform. The token powers the network and links users, developers, and investors in a mutually beneficial relationship.The network has already collaborated with various partners in bridging the gap between digital and real-world assets, including Immotokens and Fund.me.They are ready to play a key role in onboarding traditional assets to the blockchain.$CHR stands at $0.1322, with a market cap of around $101.426 million, which signifies room for potential gain.4. Clearpool (CPOOL)Clearpool constitutes a decentralized lending protocol providing institutions access to a decentralized network of lenders while ensuring the issuance of uncollateralized loans. It combines some tenets of TradFi and DeFi to enable financial institutions and market makers to have access to the efficient liquidity in DeFi protocols, which increases capital efficiency.CPOOL acts as the platform’s utility token as well as its governance token.In the Clearpool platform, you not only have the potential for long-term gains but also can earn attractive yields. One can earn pool interest rates that are made possible by the additional LP rewards paid in CPOOL.With the current price at $0.0528, signifying an 18.26% increase in the last 24 hours, CPOOL may be one of the tokens you need in your portfolio. With a market cap of $23.92, it shows that the token has what it takes to rise in price, making you have massive gains in the long run.5. Credefi ($CREDI)Credefi makes up an innovative mix of DeFi protocol and FinTech solution that connects crypto lenders of stablecoins and SME borrowers.As a DeFi lender of an SME borrower, you may have encountered some limits in the market. Such, in one way or another, may have included high-interest rates, inconsistent DeFi yield, and the lack of lenders needed to meet SME borrowing demand.With the Credefi platform, you can now interact with decentralized, secure lending.The token is currently trading at $0.00642, which is an 8.42% decrease in the last 24 hours. With its market cap at $3.84 million, this could be an early opportunity to invest in the project.Final thoughtsAsset tokenization continues to gain much traction within the cryptocurrency space. The RWA narrative aims to address inefficiencies, lack of transparency, and fragmentation in traditional.🧩$BTC 🧩$PEPE 🧩$ETH 🧩🅰️🗣️DisclaimerThe content of this publication does not constitute financial advice. Always do your own research.🅱️👁️Share your thoughts on the matter in the comments section below.✍️✍️✍️👇👇👇❄️⛄️❄️⛄️❄️⛄️❄️⛄️❄️⛄️❄️💰"If your impressions of the publication poured into a cup of tea, it would be a real source of inspiration in our further creative process. We would appreciate your support in the form of tea as a token of thanks .”💰💰💰
RWA Bull Run: Why These Small-Cap RWA Tokens Rallied Over 2000% and still counting...
RWA (Real World Assets) refers to the tokenization of real-world assets using Web3 technology.The underlying assets can be real estate, securities, shares, bonds, artworks, etc. DeFi converts these real-world assets into yield-bearing tokenized RWAs with multiple use cases.While the RWA sector is still in its nascence, there are some small-cap RWAs that you must consider investing in this bull season. Let’s get counting. 1. Landshare Landshare converts real-world properties and real estate into yield-bearing tokens with multiple utilities. The APYs are realistic and based on the value of underlying real estate backing the token. Landshare’s native token is a one-ticket entry into the world of DeFi and tokenized TradFi for capital gains, high APYs, and other passive income sources. The project has been one of Binance’s spotlight projects, with a doxxed team, strong community, and fractionalized ownership. It also sold the first-ever property on BNB. Analysts remain positive, given the imminent RWA token launch in a few weeks. With a $5 million market cap, LAND remains highly undervalued and has huge upside potential. Its technicals show strong buy signals, and it has successfully tested most indicators and moving averages.The token has jumped 114% in the last 7 days, bringing its monthly gains to 216%. 2. DefactorDefactor provides the infrastructure to tokenize real-world assets to builders and businesses while ensuring transparency, compliance, and efficiency. The platform recently tokenized bonds worth $100 million on Polygon. The catch: The project has yet to explore diversified use cases in RWAs. We could see only two Cohorts live on their official website. 3. FACTR This recently started its uptrend and has already gained over 2x its value in just a month. The token holds great upside potential, given it’s been in recovery mode for over a year. 4. Credifi Credefi provides loans to MSMEs and SMEs backed by a range of real-world assets, such as real estate, future receivables, etc., tokenized over the blockchain. It has financed over 50 SMEs within the EU and provided over $3.78 million worth of liquidity. Credefi’s fortunes started turning in late October and has been gaining momentum. It has successfully tested 200-day EMA and SMA and looks ripe for a rally.5. RealioRealio is a technology ecosystem focused on institutional-grade assets such as real estate and private equity. Realio recently partnered with Valentus Digital to launch a tokenized fund for low-cost Bitcoin production. The platform has joined hands with tZERO, a digital assets firm for blockchain innovation and liquidity. Realio registered 3.6% gains last week, bringing its monthly gains to 150.9% and 12-month gains to over 3000% The coin is still undervalued and may increase in the coming months. However, the token is showing overbought signals. 6. WeCoin WeCoin is a Blockchain-as-a-service platform for tokenizing and fractionalizing real estate on Web3. WECO is a BEP20 token that can buy NFT fractional properties online. WECO gained 12.1% on November 29, bringing its monthly gains to 271%. The token is fairly new on the RWA scene and remains undervalued.MORE COMPARISON BETWEEN LANDSHARE AND OTHER RWA TOKENSAs you can see from the table below, landshare has successfully sold While others are just a smokeWhat will make the RWA market boom?Traditional finance giants are finally waking up to the astonishing potential of the blockchain! They are giddy with excitement, and who can blame them? The idea of putting ownership of assets like precious metals, art, homes, and much more on the blockchain is a game-changer of epic proportions.According to Binance Research,Read Here the RWA market is estimated to be worth US$16 trillion by 2030, representing a huge opportunity for the blockchain industry.CONCLUSION :RWAs Are the Next Big Opportunity Crypto Offers To InvestorsBeing the perfect amalgamation of the physical and the metaphysical, RWAs combine real-world and DeFi utilities to provide you with the best returns sustained over time. Low-cap gems can grant you the early mover advantage and the opportunity to earn exponential gains. The RWA sector is blooming and holds supreme potential. Institutional investors are already lining up to join the RWA bandwagon.#Crypto_Angel #LANDSHARE/USDT
The BRC-20 tokens are becoming a new force in the Bitcoin ecosystem as their outstanding growth has been demonstrated in recent times. Today, we will learn about the top BRC-20 tokens that have strong potential through this article by Coincu.
What are BRC-20 tokens? The BRC-20 token, an innovative and experimental fungible token, has emerged as a trendsetter in the cryptocurrency ecosystem, notably gaining traction after the price surge of memecoin Pepe (PEPE). Developed on the Bitcoin blockchain, the BRC-20 standard utilizes Ordinals and Inscriptions, employing a JSON file as a contract token to facilitate token creation and transfers. Introduced on March 8, 2023, by Twitter user @domodata, the BRC-20 standard showcases the continuous evolution of token standards within the cryptocurrency space. Ordinals, the underlying protocol, is instrumental in the creation of Bitcoin Ordinals, ensuring the safety and security of NFTs within the Bitcoin network. Inscriptions, akin to NFTs on the Bitcoin network, involve engraving content onto sats, resulting in unique and secure digital assets. The BRC-20 standard, in contrast to tokens on EVM blockchains, is designed for simplicity. Each token on the Bitcoin network, due to smart contract capacity considerations, incurs significant fees, making the BRC-20 a script file with rules governing token transfers between wallets. Why are BRC-20 tokens popular? Compatibility with the Bitcoin Network One of the key strengths of BRC-20 tokens lies in their seamless integration with the Bitcoin blockchain. Leveraging Bitcoin ordinals, BRC-20 tokens can effortlessly integrate with the network's existing infrastructure, including wallets and exchanges that support Bitcoin. This compatibility accelerates adoption within the community, tapping into the widespread usage of the Bitcoin network. Ease of Use The BRC-20 token distinguishes itself with a user-friendly and simplified mechanism. Users can easily mint and transfer tokens without necessitating extensive technical expertise. This user-centric design promotes accessibility, making BRC-20 tokens more inclusive for a broader audience. Security Building on the robustness of the Bitcoin blockchain, known for its industry-leading security, BRC-20 tokens benefit from a decentralized nature, algorithmic technology, and Proof of Work (POW) mechanism. This amalgamation reinforces the overall security of the system, instilling confidence among users and stakeholders. Growth Potential The adoption of the BRC-20 standard by various projects signals substantial growth potential. As more projects embrace BRC-20 tokens, new use cases and innovations are anticipated. The expansive and diverse user base of the Bitcoin network further catalyzes this growth, attracting developers, investors, and users alike. The collaborative ecosystem is poised to drive the expansion and evolution of BRC-20 in the foreseeable future, making it a compelling element in the dynamic landscape of blockchain technology. Limitation of BRC-20 tokens While the BRC-20 token represents a notable stride in the evolution of Bitcoin, it is essential to acknowledge that it is not the first attempt to develop fungible tokens on the Bitcoin network. In 2012, the Colored Coins protocol pursued a similar objective but faced challenges leading to its failure. The issues stemmed from high transaction fees on the Bitcoin network and programming limitations inherent in Bitcoin. The BRC-20 token tokens, in their current form, encounter comparable difficulties. Functioning as a data form stored on the Bitcoin network, once minted, users can only transfer this token between different wallets. In contrast to the ERC-20 standard, the BRC-20 exhibits limitations, notably lacking smart contract interoperability and offering limited utility. The hurdles faced by BRC-20 echo the historical struggles of its predecessor, Colored Coins. Both grapple with the intricacies of transaction fees on the Bitcoin network and the inherent constraints within Bitcoin's programming architecture. Top BRC-20 tokens with growth potential ORDI Overview The first token deployed on the BRC-20 ecosystem is ORDI with a capped issuance of 1,000 tokens and a total supply of 21,000,000 tokens. This milestone follows its recent listing on Binance on November 7, 2023, marking a pivotal moment in the token's evolution. Domo, a trailblazer in the BRC-20 token standard, initiated the ORDI token as a pilot project in March 2023. The launch of ORDI marked a significant turning point as the first BRC-20 token within the cryptocurrency realm. Built upon the foundation of Bitcoin Ordinals, ORDI quickly gained traction, leading developers to deploy crucial support tools like the Ordinals Wallet and Unisat Wallet for the BRC-20 standard. This catalyzed the introduction of a series of other BRC-20 tokens, including MOON and TRAC, all experiencing rapid increases in their market prices. Token metrics
Trading and Investment As with any cryptocurrency, ORDI offers traders and investors a platform to engage in transactions on various cryptocurrency exchanges. Its recent listing on Binance has further enhanced its tradability, marking a significant step in the token's journey within the crypto market. ORDI ranks first among the top BRC-20 tokens with notable profitability performance. Payment Transactions and Money Transfers ORDI transcends its role as a mere tradable asset. Users can leverage the token for payment transactions and swift money transfers between parties. This functionality positions ORDI as not just an investment vehicle but also a practical means for facilitating transactions within the broader financial landscape. NFTs and Proprietary Properties The association of ORDI with Bitcoin Ordinals hints at the token's potential involvement in the NFT space and the representation of digital assets of a proprietary nature. With its roots in the innovative BRC-20 ecosystem, ORDI could emerge as a gateway for the creation, exchange, and ownership of non-fungible tokens (NFTs) and other unique digital properties. The intersection of ORDI with NFTs offers an exciting prospect for users looking to engage with digital art, collectibles, and unique assets on blockchain platforms. Its ties to Bitcoin Ordinals suggest a commitment to pioneering developments within the cryptocurrency space. MultiBit Overview Multibit (MUBI) has introduced the first dual-sided bridge designed to facilitate effortless conversion between BRC-20 and ERC-20 tokens. This innovative platform aims to promote unlimited liquidity, thereby enhancing interoperability across the blockchain network. This is one of the top BRC-20 tokens, but it has a smart contract on the Ethereum blockchain. Multibit's mission revolves around bolstering the liquidity, safety, and convenience of both BRC and ERC tokens. The introduction of the dual-sided bridge addresses a key challenge faced by the cryptocurrency community—seamlessly converting tokens between different standards. This development is poised to streamline transactions and foster a more interconnected blockchain environment. The project reached a significant milestone on November 14 with its listing on CoinMarketCap. Token metrics
Security: A Top Development Priority Security stands at the forefront of Multibit's development priorities, reflecting a commitment to protecting users' accounts and funds. The project employs a range of mechanisms to ensure a secure environment, including regularly merging funds from distributed addresses into the Multisig cold wallet. This approach facilitates independent and secure data transfer, mitigating the risk of third-party intervention. The cryptocurrency withdrawal approval process is also meticulously crafted with a high sense of responsibility from the development team, further emphasizing Multibit's dedication to user security. User Experience: Putting Investors First Multibit is built on the foundational principle of creating solutions that investors truly want. This commitment to user satisfaction is exemplified through the Multibit Bridge—a feature designed for smooth, quick, and reliable token conversion across the blockchain network. Looking ahead, Multibit has ambitious plans to develop drops, farms, and swaps to support BRC-20 cross-chain migration, aiming to create compelling user experiences that cater to the evolving needs of the cryptocurrency community. Scalability: Breaking Barriers in Token Interactions Multibit addresses the challenge of fragmentation in interactions between BRC-20 tokens and the Ethereum ecosystem, unlocking substantial scalability for the project. By minimizing fragmentation, Multibit ensures faster and more convenient token conversion. This scalability not only improves the efficiency of transactions but also positions Multibit as a platform capable of handling increased demand while maintaining a seamless user experience. VMPX Overview Jack Levin, the visionary founder of XEN Crypto, introduced VMPX, a BRC-20 token designed to revolutionize cross-blockchain liquidity. Launched on May 7th, VMPX is rooted in "first principles," boasting a unique approach to token creation and distribution. Unlike many tokens in the market, VMPX was not pre-mined, and no special allocation was earmarked for the founder. Central to VMPX's identity is its compliance with the BRC-20 standard, signifying its integration with the Bitcoin blockchain. VMPX is also one of the top BRC-20 tokens with high usefulness. One of VMPX's distinctive features is its role as a bridge liquidity token, facilitating seamless connections between the Bitcoin and Ethereum/X1 blockchains. On the Bitcoin side, VMPX operates as a BRC-20 token, while on the Ethereum side, it takes the form of an ERC-20 token. Both iterations share a total supply of 108,624,000 tokens, ensuring consistency across the platforms. The token economy of VMPX is built on principles of fairness and equality. Unlike traditional models with predetermined total supplies and special allocations for founders, VMPX ensures that its distribution is unbiased and accessible to all participants. Token metrics
Staking in the Bridge Liquidity Pool VMPX token holders are in for a transformative experience as they gain the opportunity to earn yield through staking in the bridge liquidity pool. This innovative feature allows users to seamlessly provide liquidity between the Bitcoin and Ethereum/X1 blockchains. This is one of the special features that helps VMPX be one of the top BRC-20 tokens. 1:1 Token Exchange Advantage for VMPX Holders VMPX token holders enjoy a unique advantage, with the flexibility to exchange their tokens at a 1:1 ratio. Whether holding a BRC-20 or ERC-20 token, users can effortlessly convert from one type to the other and vice versa. This flexibility not only enhances user convenience but also solidifies VMPX's commitment to creating a versatile and user-friendly token ecosystem. A Bridge Liquidity Token At its core, the VMPX token is designed with the ultimate objective of facilitating frictionless swaps between BRC-20 and ERC-20 tokens over the Bitcoin-Ethereum bridge. This seamless interoperability opens up new possibilities for users, breaking down barriers between the Bitcoin, Ethereum, and X1 blockchain ecosystems. Adding another layer to its functionality, VMPX token holders can utilize smart contracts to convert their tokens into XN native coins on the X1 blockchain. This forward-thinking feature enhances the token's utility, providing users with a gateway to the diverse offerings within the X1 blockchain. BisoSwap Overview BisoSwap has emerged as the pioneer swap protocol designed to address the liquidity challenges within the BRC-20 ecosystem, leveraging the cutting-edge Ordinal protocol. BISO, the exchange's native token, is also one of the top BRC-20 tokens. The primary focus of BisoSwap is to alleviate the persistent liquidity issues associated with BRC-20 tokens. By augmenting the liquidity pool for LP (Liquidity Provider) transactions and facilitating real-time trading, BisoSwap aims to revolutionize the BRC token trading landscape. The platform is driven by a commitment to simplifying the user experience, empowering individuals to effortlessly engage in buying, selling, and contributing to liquidity pools. One of the notable features of BisoSwap is its ambitious endeavor to introduce the LP model to the BTC network for the first time. This innovative approach opens the door to a more diversified utilization of BTC assets. BisoSwap's introduction of the LP model to the BTC network is poised to streamline and enhance the accessibility of BTC-based assets, marking a significant stride in the evolution of cryptocurrency trading. Token metrics
Automated Market Maker (AMM) Model BisoSwap leverages an Automated Market Maker model, transcending traditional trading mechanisms by simplifying processes and diminishing reliance on conventional order books. This innovative approach streamlines the trading experience, making it more efficient and accessible. Liquidity Provision and Incentives In a bid to ensure a seamless trading environment, BisoSwap empowers users to contribute to the platform's liquidity pool, enabling smooth and efficient transactions. As an added incentive, users engaging in liquidity provision are rewarded, fostering an ecosystem where participants are actively involved in maintaining liquidity. User-Friendly Interface BisoSwap prioritizes the user experience with a thoughtfully designed, user-friendly interface. With a clean and intuitive layout, users can effortlessly connect their wallets and navigate the platform seamlessly. This commitment to a user-centric design enhances accessibility and usability for both novice and experienced traders. Support for Multiple BRC-20 Tokens Diversity lies at the core of BisoSwap's design philosophy. The platform is engineered to support a wide array of BRC-20 tokens, offering users a plethora of trading options. This inclusivity ensures that the platform remains dynamic and adaptable to the evolving landscape of digital assets. Robust Security Measures Security is paramount in the realm of decentralized finance, and BisoSwap takes this commitment seriously. Implementing a multi-layered security infrastructure, the platform guards against hacking attempts and mitigates the risk of asset loss. By prioritizing the safeguarding of user assets, BisoSwap provides a secure environment for users to engage in cryptocurrency transactions with confidence. Trac Overview Trac aims to enhance security, incentivize network participation, and facilitate governance within the Ordinals ecosystem, covering protocols like BRC20 and the sats domain name. TRAC is a prominent name in the top BRC-20 tokens. Its primary objective is to establish a robust decentralized tracking network. This innovative system not only ensures the secure tracking of Ordinals-related protocols but also opens avenues for community involvement. Participants in the Trac network will enjoy incentives for contributing to the security and maintenance of the tracking system. Trac extends its governance capabilities beyond protocol updates. The decentralized system provides a platform for community members to engage in broader governance discussions. This inclusive governance model is set to play a pivotal role in shaping the future direction of Ordinals, ensuring that decisions align with the collective vision and interests of the community. Token metrics
Decentralized API for Developers Trac introduces a decentralized API, offering developers unprecedented flexibility to innovate within the Ordinals space. The API has undergone meticulous indexing, covering a vast array of data. Developers can leverage Trac's public endpoints for diverse projects. Post-final release, developers can even opt to self-host Trac, enjoying the freedom to tailor their tracking experience - all at no cost. Composable Nature Trac embodies a composable nature, inviting creative minds to shape the Ordinals space with new ideas. By amalgamating data from Trac's decentralized network, users gain a distinct advantage over traditional, centralized, and resource-intensive API services. This flexibility fosters a dynamic ecosystem where innovation knows no bounds. Community-Driven Governance At the heart of Trac lies a commitment to community-driven governance. Continually delivering fresh and valuable protocols and features, Trac empowers the community to influence its trajectory. With the imminent public release of the Trac governance protocol, community members will wield the power to vote on new features. This democratic process will be facilitated through the BRC-20 TRAC token, ensuring that the community actively shapes the evolution of Trac.
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