Stablecoins
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Tonkeeper releases a huge update
Tonkeeper introduces the W5 standard in Tonkeeper Pro with gasless #transactions , lower fees, and a new developer plugin interface. The new Tonkeeper Battery feature enables immediate use of #Stablecoins and NFTs without #KYC , managing blockchain fees automatically. For details, check out this blog post.
#bitcoin #BTC
Tonkeeper introduces the W5 standard in Tonkeeper Pro with gasless #transactions , lower fees, and a new developer plugin interface. The new Tonkeeper Battery feature enables immediate use of #Stablecoins and NFTs without #KYC , managing blockchain fees automatically. For details, check out this blog post.
#bitcoin #BTC
Bullish (more #Stablecoins ) and bearish (more #cryptocurrency ) , all have their own significance to the market . #MicroStrategy $BTC $BNB $FDUSD
Always Do Your Own Research ! #DYOR!!
Always Do Your Own Research ! #DYOR!!
Synthetix's stablecoin, sUSD, dipped below its usual $1 peg yesterday, hitting a low of $0.92. This seems to be because of some selling pressure on DEXs. The good news? It bounced back and is now trading around $0.96. 😤
What about other stablecoins?😖👇
Don't worry, the big boys like #USDT , $USDC , DAI, $FDUSD , and even $ENA 's USDe are all holding strong at their $1 peg. 💪
So, what happened with sUSD?
Apparently, a big liquidity provider pulled out of a pool on Curve (a platform for swapping crypto). This caused a temporary wobble, but things seem to be back on track now.
DYOR!! Invest Responsibly. #Stablecoins #ENA
What about other stablecoins?😖👇
Don't worry, the big boys like #USDT , $USDC , DAI, $FDUSD , and even $ENA 's USDe are all holding strong at their $1 peg. 💪
So, what happened with sUSD?
Apparently, a big liquidity provider pulled out of a pool on Curve (a platform for swapping crypto). This caused a temporary wobble, but things seem to be back on track now.
DYOR!! Invest Responsibly. #Stablecoins #ENA
Layer-2 Blast Announces Airdrop on June 26, 2024
The Layer-2 platform Blast has finally announced the community airdrop on June 26, 2024. It's considerably later than originally anticipated!
On Twitter, the Blast project (a layer-2 solution for the Ethereum blockchain) has officially announced the postponement of the BLAST token airdrop to June 26th, later than the previously anticipated date of May 24th.
Notably, Blast will hold two additional rounds of distributing “Blast Gold” points before the official token airdrop. Blast Gold points are airdrop rewards specifically for decentralized applications (dApps) deployed on the Blast network. These dApps will then redistribute the points to their users.
Among them is Fantasy Top, a DEX trading card platform that just launched its mainnet earlier this month but quickly rose to the top 10 leading crypto protocols in terms of fees and revenue generated.
Half of the BLAST airdrop will be allocated through Blast Gold, while the remaining half will be for early users—those who deposited funds into Blast before its mainnet launch at the end of February.
Introduction to #Blast
Blast is a layer-2 blockchain project built on #Optimistic Rollups technology, fully compatible with Ethereum’s EVM environment. Blast’s differentiating factor is its goal to provide high interest rates for users depositing ETH and #Stablecoins on the platform—a feature no other layer-2 has achieved before.
The project made a splash by successfully raising over $20 million from top investment funds such as Paradigm, Standard Crypto, eGirl Capital, and even the famous figure Pacman—the founder of the NFT platform Blur.
Despite its recent launch, Blast has quickly become one of the most vibrant layer-2 solutions on Ethereum with a Total Value Locked (#tvl ) of up to $1.5 billion, trailing only behind Arbitrum and Base. This impressive figure is largely due to the enticing yield expectations promised by Blast.
The initial success of Blast is hoped to be further amplified after the upcoming token airdrop, solidifying its position in the increasingly competitive layer-2 market.
#GME
On Twitter, the Blast project (a layer-2 solution for the Ethereum blockchain) has officially announced the postponement of the BLAST token airdrop to June 26th, later than the previously anticipated date of May 24th.
Notably, Blast will hold two additional rounds of distributing “Blast Gold” points before the official token airdrop. Blast Gold points are airdrop rewards specifically for decentralized applications (dApps) deployed on the Blast network. These dApps will then redistribute the points to their users.
Among them is Fantasy Top, a DEX trading card platform that just launched its mainnet earlier this month but quickly rose to the top 10 leading crypto protocols in terms of fees and revenue generated.
Half of the BLAST airdrop will be allocated through Blast Gold, while the remaining half will be for early users—those who deposited funds into Blast before its mainnet launch at the end of February.
Introduction to #Blast
Blast is a layer-2 blockchain project built on #Optimistic Rollups technology, fully compatible with Ethereum’s EVM environment. Blast’s differentiating factor is its goal to provide high interest rates for users depositing ETH and #Stablecoins on the platform—a feature no other layer-2 has achieved before.
The project made a splash by successfully raising over $20 million from top investment funds such as Paradigm, Standard Crypto, eGirl Capital, and even the famous figure Pacman—the founder of the NFT platform Blur.
Despite its recent launch, Blast has quickly become one of the most vibrant layer-2 solutions on Ethereum with a Total Value Locked (#tvl ) of up to $1.5 billion, trailing only behind Arbitrum and Base. This impressive figure is largely due to the enticing yield expectations promised by Blast.
The initial success of Blast is hoped to be further amplified after the upcoming token airdrop, solidifying its position in the increasingly competitive layer-2 market.
#GME
Ripple's Top Lawyer Celebrates SEC's Latest Setback
Ripple's Stuart Alderoty has once again highlighted the importance of bipartisan cooperation
Stuart Alderoty, Ripple's chief legal officer, has celebrated a recent bipartisan vote in the US Senate to kill an anti-crypto SEC rule that could pose a major threat to regulatory custodial services in the US.
Alderoty claims that the "unauthorized overreach" of Securities and Exchange Commission Chair Gary Gensler will not be tolerated by both parties.
As reported by @WISE CRYPTO NEWS , some of the most influential cryptocurrency luminaries, including MicroStrategy co-founder Michael Saylor, have praised the Senate for voting to nullify the SEC's controversial SAB 121 guidance.
The rule was supposed to force regulated banking institutions to register the cryptocurrency holdings of their customers on their balance sheets. The industry took issue with this rule since it would make it very challenging for banks to offer custodial services. Some critics also noted that it could potentially negatively impact the rights of cryptocurrency owners. The SEC's cryptocurrency-friendly commissioner Hester Peirce also slammed the agency's approach to regulation custodial services for digital assets as "scattershot."
The cryptocurrency industry and banks united in their efforts to repeal the SEC's SAB 121 rule. The banks are against it since it would negatively affect their balance sheets due to crypto's inherent volatility. #gensler , however, has defended the rule, pointing to the fact that the previous 120 SABs were not called into question.
Alderoty, who keeps a close eye on the latest developments on Capitol Hill, has repeatedly stressed the significance of bipartisan cooperation when it comes to cryptocurrency-related bills.
He has also taken note of recent efforts by US lawmakers to pass a much-anticipated #stablecoin bill. Ripple is gearing up to launch its own #Stablecoins , which has already appeared in the SEC's crosshairs.
#GME #BTC
Ripple's Stuart Alderoty has once again highlighted the importance of bipartisan cooperation
Stuart Alderoty, Ripple's chief legal officer, has celebrated a recent bipartisan vote in the US Senate to kill an anti-crypto SEC rule that could pose a major threat to regulatory custodial services in the US.
Alderoty claims that the "unauthorized overreach" of Securities and Exchange Commission Chair Gary Gensler will not be tolerated by both parties.
As reported by @WISE CRYPTO NEWS , some of the most influential cryptocurrency luminaries, including MicroStrategy co-founder Michael Saylor, have praised the Senate for voting to nullify the SEC's controversial SAB 121 guidance.
The rule was supposed to force regulated banking institutions to register the cryptocurrency holdings of their customers on their balance sheets. The industry took issue with this rule since it would make it very challenging for banks to offer custodial services. Some critics also noted that it could potentially negatively impact the rights of cryptocurrency owners. The SEC's cryptocurrency-friendly commissioner Hester Peirce also slammed the agency's approach to regulation custodial services for digital assets as "scattershot."
The cryptocurrency industry and banks united in their efforts to repeal the SEC's SAB 121 rule. The banks are against it since it would negatively affect their balance sheets due to crypto's inherent volatility. #gensler , however, has defended the rule, pointing to the fact that the previous 120 SABs were not called into question.
Alderoty, who keeps a close eye on the latest developments on Capitol Hill, has repeatedly stressed the significance of bipartisan cooperation when it comes to cryptocurrency-related bills.
He has also taken note of recent efforts by US lawmakers to pass a much-anticipated #stablecoin bill. Ripple is gearing up to launch its own #Stablecoins , which has already appeared in the SEC's crosshairs.
#GME #BTC
Ripple CEO rejects allegations of attacks on Tether
🤵#RippleCEO Brad Garlinghouse stated that his recent remarks on the World Class podcast were not an attack on #USDT。 , as portrayed by the stablecoin issuer's head Paolo Ardoino.
👀 Garlinghouse mentioned at the time that it was evident to him that U.S. authorities intended to target Tether.
✉️ In response, Tether CEO Paolo Ardoino accused Brad Garlinghouse of making these statements merely as a way to present the stablecoin he is working on in a favorable light.
🧐 This time Garlinghouse drew responsed to Ardoino's response, calling "Tether the hugely important part of the ecosystem" of cryptocurrencies.
"My point was that the US govt has clearly indicated they want more control over USD-backed #Stablecoins issuers, and thus, Tether, as the largest player, is in their line of sight"
- he added.
#PEPEATH #GME
🤵#RippleCEO Brad Garlinghouse stated that his recent remarks on the World Class podcast were not an attack on #USDT。 , as portrayed by the stablecoin issuer's head Paolo Ardoino.
👀 Garlinghouse mentioned at the time that it was evident to him that U.S. authorities intended to target Tether.
✉️ In response, Tether CEO Paolo Ardoino accused Brad Garlinghouse of making these statements merely as a way to present the stablecoin he is working on in a favorable light.
🧐 This time Garlinghouse drew responsed to Ardoino's response, calling "Tether the hugely important part of the ecosystem" of cryptocurrencies.
"My point was that the US govt has clearly indicated they want more control over USD-backed #Stablecoins issuers, and thus, Tether, as the largest player, is in their line of sight"
- he added.
#PEPEATH #GME
The CEO of Ripple spreads FUD about USDT as his company prepares to launch its own stablecoin - CEO Tether
🗣 Paolo Ardoino responded to the rumors spread by Brad Garlinghouse. He stated that Tether complies with regulatory requirements in jurisdictions worldwide:
▪️Tether operates on OFAC/SDN lists.
▪️A highly qualified team analyzes #transactions . Cooperation with Chainalysis allows more effectively identify wallets associated with illegal activities and sanctions evasion.
▪️Tether has collaborated with 124 law enforcement agencies in over 40 countries since its creation,
▪️Tether has frozen #wallets with $1,300,000,000+ for all time.
▪️Tether voluntarily responded to 198 law enforcement requests to freeze wallets (90 requests from the US government in the past 12 months.
▪️Tether has frozen over $639,000,000 at addresses in collaboration with the US government,
▪️Tether directly collaborates with law enforcement agencies, while other #Stablecoins issuers require a court order to freeze addresses.
#ETFvsBTC #BTC
🗣 Paolo Ardoino responded to the rumors spread by Brad Garlinghouse. He stated that Tether complies with regulatory requirements in jurisdictions worldwide:
▪️Tether operates on OFAC/SDN lists.
▪️A highly qualified team analyzes #transactions . Cooperation with Chainalysis allows more effectively identify wallets associated with illegal activities and sanctions evasion.
▪️Tether has collaborated with 124 law enforcement agencies in over 40 countries since its creation,
▪️Tether has frozen #wallets with $1,300,000,000+ for all time.
▪️Tether voluntarily responded to 198 law enforcement requests to freeze wallets (90 requests from the US government in the past 12 months.
▪️Tether has frozen over $639,000,000 at addresses in collaboration with the US government,
▪️Tether directly collaborates with law enforcement agencies, while other #Stablecoins issuers require a court order to freeze addresses.
#ETFvsBTC #BTC
#CryptoEducation💡🚀
Where should I put my free USDT/USDC in DeFi at 20%?
Here are some current DeFi protocols with yields on #Stablecoins over 20% per annum:
🟢 Cetus ($SUI ) USDT-USDC 29.5%
🟢 Scallop (SUI) USDC - 24%
🟢 Navi (SUI) $USDC - 21.4%
🟢 Nostra (Starknet) - 22%
🟢 Extra Finance (#Base ) - 21%
🫱 The easiest thing to do is to keep part of your safety cushion in such #DEFİ protocols. That way, it will increase by 20% in dollars every year.
#ETFvsBTC
Where should I put my free USDT/USDC in DeFi at 20%?
Here are some current DeFi protocols with yields on #Stablecoins over 20% per annum:
🟢 Cetus ($SUI ) USDT-USDC 29.5%
🟢 Scallop (SUI) USDC - 24%
🟢 Navi (SUI) $USDC - 21.4%
🟢 Nostra (Starknet) - 22%
🟢 Extra Finance (#Base ) - 21%
🫱 The easiest thing to do is to keep part of your safety cushion in such #DEFİ protocols. That way, it will increase by 20% in dollars every year.
#ETFvsBTC
LIVE
Binance News
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Deutsche Bank Issues Warning About Stablecoins
According to U.Today, Deutsche Bank, a leading global bank, has recently issued a warning about the potential risks associated with stablecoins. Stablecoins, a type of cryptocurrency tied to traditional fiat currencies such as the U.S. dollar or euro, have seen a surge in popularity in recent years. A new category of stablecoins, known as algorithmic stablecoins, use algorithms to maintain a stable price relative to another asset or a basket of assets. These digital assets offer stability amidst the volatility of cryptocurrencies, making them appealing for various applications, including remittances, payments, and decentralized finance (DeFi) applications.
However, a recent report from Deutsche Bank has raised concerns about the perceived safety of stablecoins, including the widely used Tether (USDT). The research, which analyzed 334 currency pegs since 1800, found that only 14% have survived. Applying this to the world of stablecoins, Deutsche Bank Research analysts believe that the majority of these pegged digital currencies will become unmoored. 'Some may survive, although most will likely fail,' the analysts wrote on Tuesday. Two years ago, Terraform Lab's algorithmic stablecoin TerraUSD and its sister token Luna collapsed, erasing at least $40 billion in cryptocurrency.
According to Deutsche Bank researchers, the few successful pegged currencies that survived did so because they were credible, backed by reserves, and functioned in carefully controlled institutions, which they say many major stablecoins lack. Deutsche Bank's warning comes at a time when stablecoins are experiencing unprecedented growth and usage, with their total market capitalization surpassing significant milestones. Tether, the first and largest stablecoin by market cap, disagrees with Deutsche Bank's assessment, claiming that the research lacks clarity and sufficient evidence.
However, a recent report from Deutsche Bank has raised concerns about the perceived safety of stablecoins, including the widely used Tether (USDT). The research, which analyzed 334 currency pegs since 1800, found that only 14% have survived. Applying this to the world of stablecoins, Deutsche Bank Research analysts believe that the majority of these pegged digital currencies will become unmoored. 'Some may survive, although most will likely fail,' the analysts wrote on Tuesday. Two years ago, Terraform Lab's algorithmic stablecoin TerraUSD and its sister token Luna collapsed, erasing at least $40 billion in cryptocurrency.
According to Deutsche Bank researchers, the few successful pegged currencies that survived did so because they were credible, backed by reserves, and functioned in carefully controlled institutions, which they say many major stablecoins lack. Deutsche Bank's warning comes at a time when stablecoins are experiencing unprecedented growth and usage, with their total market capitalization surpassing significant milestones. Tether, the first and largest stablecoin by market cap, disagrees with Deutsche Bank's assessment, claiming that the research lacks clarity and sufficient evidence.
Paolo Ardoino, the big boss at Tether, is all about that token life. 🎩✨ He's been raving about how tokenizing stuff is like the coolest thing since sliced bread—or, well, since fiat money was invented. 💸
Imagine turning everything into digital tokens, from your grandma's stocks to those points you rack up at your local café. ☕️📈 It's like giving everything a digital twin that you can trade, share, and collect on your phone or computer. 📱💻
Ardoino's calling Tether's new platform a "masterpiece," and it's easy to see why. It's like a Swiss Army knife for the digital world, cutting across different blockchains and assets. 🌍🔗
So, yeah, he's pretty stoked, and it sounds like he's onto something big. It's like we're on the brink of a financial revolution, and Tether's riding the wave. 🏄♂️🚀
#Tether #USDT #Stablecoins #Tokenization
Imagine turning everything into digital tokens, from your grandma's stocks to those points you rack up at your local café. ☕️📈 It's like giving everything a digital twin that you can trade, share, and collect on your phone or computer. 📱💻
Ardoino's calling Tether's new platform a "masterpiece," and it's easy to see why. It's like a Swiss Army knife for the digital world, cutting across different blockchains and assets. 🌍🔗
So, yeah, he's pretty stoked, and it sounds like he's onto something big. It's like we're on the brink of a financial revolution, and Tether's riding the wave. 🏄♂️🚀
#Tether #USDT #Stablecoins #Tokenization
⚡️ Elizabeth Stark, CEO of #LightningLabs , announced progress on bringing #Stablecoins to #Bitcoin via the Taproot Assets protocol.
#Stark demonstrated the first asset transaction on the Lightning Network, aiming to integrate crypto dollars and other stablecoins directly on Bitcoin.
#TrendingTopic
#Stark demonstrated the first asset transaction on the Lightning Network, aiming to integrate crypto dollars and other stablecoins directly on Bitcoin.
#TrendingTopic
The Key to Successful Trading: Developing a Comprehensive Trading Plan
Trading can be a lucrative way to invest your money, but it can also be risky if you don't have a plan. A trading plan is a crucial tool that can help you make informed trading decisions and minimize the risks associated with trading.
A trading plan is a document that outlines your trading strategy and goals. It should include information about the markets you will trade in, the types of trades you will make, and the risk management strategies you will use. Here are some key components of a trading plan:
Market analysis: Your trading plan should include an analysis of the markets you plan to trade in. This should include information about the trends, volatility, and key indicators that can affect the market.
Entry and exit strategies: Your trading plan should outline your entry and exit strategies. This should include information about the types of trades you will make, the price points you will enter and exit at, and the timeframes you will use.
Risk management: Your trading plan should include a risk management strategy. This should outline the maximum amount of money you are willing to risk on each trade, as well as the stop loss orders and other risk management techniques you will use.
Record keeping: Your trading plan should include a record-keeping strategy. This should outline how you will track your trades, including the types of data you will collect and the tools you will use to analyze that data.
Continuous improvement: Your trading plan should be a living document that you update and refine over time. This should include regular reviews of your trading performance and adjustments to your plan as needed.
Having a trading plan is essential for success in trading. It can help you stay focused on your goals, minimize your risks, and make informed trading decisions. With a well-crafted trading plan, you can increase your chances of success and achieve your financial goals.
#BNB #BNB #Stablecoins #socialfi #security
A trading plan is a document that outlines your trading strategy and goals. It should include information about the markets you will trade in, the types of trades you will make, and the risk management strategies you will use. Here are some key components of a trading plan:
Market analysis: Your trading plan should include an analysis of the markets you plan to trade in. This should include information about the trends, volatility, and key indicators that can affect the market.
Entry and exit strategies: Your trading plan should outline your entry and exit strategies. This should include information about the types of trades you will make, the price points you will enter and exit at, and the timeframes you will use.
Risk management: Your trading plan should include a risk management strategy. This should outline the maximum amount of money you are willing to risk on each trade, as well as the stop loss orders and other risk management techniques you will use.
Record keeping: Your trading plan should include a record-keeping strategy. This should outline how you will track your trades, including the types of data you will collect and the tools you will use to analyze that data.
Continuous improvement: Your trading plan should be a living document that you update and refine over time. This should include regular reviews of your trading performance and adjustments to your plan as needed.
Having a trading plan is essential for success in trading. It can help you stay focused on your goals, minimize your risks, and make informed trading decisions. With a well-crafted trading plan, you can increase your chances of success and achieve your financial goals.
#BNB #BNB #Stablecoins #socialfi #security
what is STEPN and why is trending number 1 on CMC
What is STEPN?
STEPN is a Web3 lifestyle application and Non-Fungible Token (NFT) game built on top of the Social-Fi and Game-Fi technologies on the Solana network. STEPN is an application retainer with a Move-to-Earn model.
In other words, users have the opportunity to win prizes as long as they want to move according to the directions and instructions listed on the STEPN application. These characteristics make STEPN different from other crypto-based games.
STEPN and the Move-to-Earn concept he introduced are the evolution of two technologies that are currently popular, namely Augmented Reality and Play-to-Earn games. Thus, the concept of STEPN's game is like a combination of Pokemon Go, Strava, and Axie Infinity games.
How to Get Rewards from STEPN?
Before gaining income by exercising using the STEPN application, users must know the mechanics of this one game. Here's the explanation!
Sneakers As previously explained, users must have NFT Sneakers so that the STEPN application can record all physical activities carried out by users. It's just that each of these Sneakers has different variants depending on the sports activities being carried out.
Then, each Sneakers carries a different mission for its users. If the user fails to achieve the mission, then their chance to get the token reward will be tightly closed. Furthermore, here are the missions that users need to carry out according to their Sneakers type.
Walker (1 to 6 kilometers (km) per hour) Jogger (4 to 10 km per hour) Runner (8 to 20 km per hour) Trainer (1 to 20 hrs per hour) Users can purchase these NFT Sneakers using SOL and BNB crypto assets at the market place in the STEPN application. Usually, beginners have to pay at least US$300 to get sneakers with the simplest capabilities. However, if users want to start STEPN for free, then they can try STEPN for free for a limited time (free trial).
Besides that, they can also rent Sneakers from other users. It's just that, users must also be willing to share their income from exercising with the tenant.
If users like surprise things, then they can get Sneakers by buying Shoeboxes from the marketplace in the STEPN application. Shoeboxes are mystery boxes containing random sneakers.
Furthermore, like most other games, players can upgrade their Sneakers to get a maximum of five additional advantages consisting of:
Quality. Users can increase the quality level of their Sneakers from Common, Uncommon, Rare, Epic, to Legendary.
efficiency. Users can increase their income in the form of GST tokens per "Energy" that has been issued.
Luck. Users can increase their chances of getting random prizes in a sports session. These prizes can be in the form of upgrades that users can use or sell to market places.
Comfort. Users can increase their holdings of the GMT governance token when entering level 30 and above.
Resilience. Users can reduce the cost of repairing their Sneakers.
STEPN uses three tokens as the main medium of exchange in its ecosystem. The token consists of:
1.Solana (SOL) Users can use the original tokens from the Solana network to buy new Sneakers.
2. Green Metaverse Token (GMT) GMT is the governance token on the STEPN network. In other words, users can use it to determine the future development of STEPN networks and applications. It's just that, not all users are entitled to pocket this token. As previously explained, only users who have touched level 30 and above are entitled to obtain these tokens.
It is intended that only loyal STEPN users can determine the future of the network. In addition, this mechanism is also expected to encourage users to continue to increase their level. The unique fact is that the GMT token is experiencing a halving phase, which is a stage where the number of new coins appearing will decrease by half after a certain period.
In the case of GMT, the number of new tokens coming in will halve every three years. Currently, GMT has a maximum supply of 6 billion pieces with the following distribution:
30% is retained for the STEPN ecosystem.
30% is selected as a Move-to-Earn reward for users.
16.3% selected for closed sale.
14.2% was selected for the STEPN development team.
7% earned during token sale on Binance Launchpad.
2.5% is elected to STEPN's advisory board.
3. Green Satoshi Tokens (GST) GST is STEPN's native utility token as well as a token that users can earn as rewards after engaging in physical activities, such as walking, jogging, and running. Users can use GST to rent Sneakers, buy goods at market stores, repair Sneakers, increase Sneakers levels and other transaction activities.
So, in other words, GST acts as the primary "currency" in the STEPN ecosystem. In contrast to the limited supply of GMT, supply of GST is somewhat booming. However, some missions in the game require a GMT or GST "burning" to ensure a balance between supply and demand for the two tokens.
#StepN #dyor #BNB #Stablecoins #Web3
STEPN is a Web3 lifestyle application and Non-Fungible Token (NFT) game built on top of the Social-Fi and Game-Fi technologies on the Solana network. STEPN is an application retainer with a Move-to-Earn model.
In other words, users have the opportunity to win prizes as long as they want to move according to the directions and instructions listed on the STEPN application. These characteristics make STEPN different from other crypto-based games.
STEPN and the Move-to-Earn concept he introduced are the evolution of two technologies that are currently popular, namely Augmented Reality and Play-to-Earn games. Thus, the concept of STEPN's game is like a combination of Pokemon Go, Strava, and Axie Infinity games.
How to Get Rewards from STEPN?
Before gaining income by exercising using the STEPN application, users must know the mechanics of this one game. Here's the explanation!
Sneakers As previously explained, users must have NFT Sneakers so that the STEPN application can record all physical activities carried out by users. It's just that each of these Sneakers has different variants depending on the sports activities being carried out.
Then, each Sneakers carries a different mission for its users. If the user fails to achieve the mission, then their chance to get the token reward will be tightly closed. Furthermore, here are the missions that users need to carry out according to their Sneakers type.
Walker (1 to 6 kilometers (km) per hour) Jogger (4 to 10 km per hour) Runner (8 to 20 km per hour) Trainer (1 to 20 hrs per hour) Users can purchase these NFT Sneakers using SOL and BNB crypto assets at the market place in the STEPN application. Usually, beginners have to pay at least US$300 to get sneakers with the simplest capabilities. However, if users want to start STEPN for free, then they can try STEPN for free for a limited time (free trial).
Besides that, they can also rent Sneakers from other users. It's just that, users must also be willing to share their income from exercising with the tenant.
If users like surprise things, then they can get Sneakers by buying Shoeboxes from the marketplace in the STEPN application. Shoeboxes are mystery boxes containing random sneakers.
Furthermore, like most other games, players can upgrade their Sneakers to get a maximum of five additional advantages consisting of:
Quality. Users can increase the quality level of their Sneakers from Common, Uncommon, Rare, Epic, to Legendary.
efficiency. Users can increase their income in the form of GST tokens per "Energy" that has been issued.
Luck. Users can increase their chances of getting random prizes in a sports session. These prizes can be in the form of upgrades that users can use or sell to market places.
Comfort. Users can increase their holdings of the GMT governance token when entering level 30 and above.
Resilience. Users can reduce the cost of repairing their Sneakers.
STEPN uses three tokens as the main medium of exchange in its ecosystem. The token consists of:
1.Solana (SOL) Users can use the original tokens from the Solana network to buy new Sneakers.
2. Green Metaverse Token (GMT) GMT is the governance token on the STEPN network. In other words, users can use it to determine the future development of STEPN networks and applications. It's just that, not all users are entitled to pocket this token. As previously explained, only users who have touched level 30 and above are entitled to obtain these tokens.
It is intended that only loyal STEPN users can determine the future of the network. In addition, this mechanism is also expected to encourage users to continue to increase their level. The unique fact is that the GMT token is experiencing a halving phase, which is a stage where the number of new coins appearing will decrease by half after a certain period.
In the case of GMT, the number of new tokens coming in will halve every three years. Currently, GMT has a maximum supply of 6 billion pieces with the following distribution:
30% is retained for the STEPN ecosystem.
30% is selected as a Move-to-Earn reward for users.
16.3% selected for closed sale.
14.2% was selected for the STEPN development team.
7% earned during token sale on Binance Launchpad.
2.5% is elected to STEPN's advisory board.
3. Green Satoshi Tokens (GST) GST is STEPN's native utility token as well as a token that users can earn as rewards after engaging in physical activities, such as walking, jogging, and running. Users can use GST to rent Sneakers, buy goods at market stores, repair Sneakers, increase Sneakers levels and other transaction activities.
So, in other words, GST acts as the primary "currency" in the STEPN ecosystem. In contrast to the limited supply of GMT, supply of GST is somewhat booming. However, some missions in the game require a GMT or GST "burning" to ensure a balance between supply and demand for the two tokens.
#StepN #dyor #BNB #Stablecoins #Web3
Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain.
#visa #Stablecoins #bearorbull #crypto2023 #cryptoonindia
#visa #Stablecoins #bearorbull #crypto2023 #cryptoonindia
Top Crypto Performers in past 2 Days within Top Marketcap Coins:
1. $DFG 996.41%
2. $NEO 14.93%
3. $KLAY 10.43%
4. $MKR 9.79%
5. $OP 9.09%
6. $GRT 7.76%
7. $SNX 7.69%
8. $FLOKI 7.63%
9. $DASH 6.72%
10.$LDO 5.82%
#inflation #Stablecoins #onecoinmultiplechains #Web3 #pumpanddump
1. $DFG 996.41%
2. $NEO 14.93%
3. $KLAY 10.43%
4. $MKR 9.79%
5. $OP 9.09%
6. $GRT 7.76%
7. $SNX 7.69%
8. $FLOKI 7.63%
9. $DASH 6.72%
10.$LDO 5.82%
#inflation #Stablecoins #onecoinmultiplechains #Web3 #pumpanddump
Latest Crypto News: India Has Sixth Largest Crypto Population, Canada Bans Algorithmic Stablecoins
#Binance #crypto2023 #Stablecoins
#Binance #crypto2023 #Stablecoins
DOT
24%
MATIC
45%
XRP
16%
ADA
15%
394 votes • Voting closed
Top 10 #Crypto Performers in past 1 Day within Top 200 Marketcap Coins:
1. $CDT 31.56%
2. $BRISE 8.52%
3. $EWT 4.79%
4. $BGB 4.01%
5. $STX 3.06%
6. $DYDX 2.63%
7. $SSV 2.55%
8. $BTSE 2.49%
9. $OKB 1.42%
10. $YFI 1.17%
#bnbgreenfield #Stablecoins #inflation #ETH #pumpanddump
1. $CDT 31.56%
2. $BRISE 8.52%
3. $EWT 4.79%
4. $BGB 4.01%
5. $STX 3.06%
6. $DYDX 2.63%
7. $SSV 2.55%
8. $BTSE 2.49%
9. $OKB 1.42%
10. $YFI 1.17%
#bnbgreenfield #Stablecoins #inflation #ETH #pumpanddump
Top Crypto Performers in past 14 Days within Top Marketcap Coins:
1. $CFX 317.15%
2. $STX 133.73%
3. $WEMIX 105.22%
4. $KLAY 39.35%
5. $FIL 33.66%
6. $NEO 27.07%
7. $OKB 22.41%
8. $GT 20.37%
9. $ICP 18.22%
10. $LDO 16.81%
#BTC #Binance #inflation #Stablecoins #bnbgreenfield
1. $CFX 317.15%
2. $STX 133.73%
3. $WEMIX 105.22%
4. $KLAY 39.35%
5. $FIL 33.66%
6. $NEO 27.07%
7. $OKB 22.41%
8. $GT 20.37%
9. $ICP 18.22%
10. $LDO 16.81%
#BTC #Binance #inflation #Stablecoins #bnbgreenfield
