Connect with us

Crowdfunding

Gemini Adds DeFi, Infrastructure Data Management Crypto Tokens: ALCX, ANKR, FTM, MIR, API3, DDX

Published

on

The team at digital asset firm Gemini notes that they are adding trading support for a new set of decentralized finance (DeFi), infrastructure, and data management tokens.

Gemini is adding Alchemix (ALCX), Ankr Network (ANKR), Fantom (FTM), Mirror Protocol (MIR), API3 (API3), and DerivaDAO (DDX). All of these crypto tokens are now supported for deposits and custody on the Gemini exchange.

As noted by the Gemini team, trading for ALCX, ANKR, FTM, and MIR will “soon follow, with API3 and DDX remaining available only for custody.” The announcement confirmed that trading will first open on the platform’s API/FIX and ActiveTrader™ app for USD trading pairs. It will then open on their Gemini Mobile App and official website “on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD and SGD pairs.”

With the launch of these crypto tokens, Gemini will be offering trading and custody for 45 different digital assets, with an additional 13 cryptos “available for custody.”

Gemini’s management says they are pleased to confirm that they’re the first regulated platform in the US and the UK to offer trading and custody support for FTM and ALCX tokens.

Gemini adds that as they continue to expand their list of supported tokens, they also look forward to adding more DeFi, infrastructure, and data management tokens that are able to “help drive the crypto ecosystem forward and further support the scalability and utility of blockchain networks.”

Here’s a summary of the new tokens added by Gemini:

DeFi Tokens

Alchemix (ALCX)

ALCX token is “an ERC-20 token used to govern and incentivize liquidity for the Alchemix protocol.” Its primary use cases are “governing the Alchemix decentralized autonomous organization (DAO) and rewarding network participants for providing liquidity.” Alchemix is an innovative, hybrid DeFi application that “allows for the creation of yield-backed synthetic assets.” With its unique ability “to provide collateral that can also generate yield, Alchemix can offer a self-paying loan that has effectively no risk of liquidation.”

This product, “Vaults”, is “the centerpiece of the Alchemix ecosystem and uses Yearn.finance as a building block for yield on underlying assets like DAI, with support for ETH and others coming soon.”

Mirror Protocol (MIR)

MIR is “a utility and governance token that powers the Mirror Protocol. We support the Ethereum (ERC-20) version of MIR, which is a multi-chain asset.” MIR “purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of MIR using a bridge.”

MIR has various use cases “including protocol governance and rewarding liquidity providers on the platform.” Holders of MIR can also “engage in yield farming on other DeFi platforms by staking MIR tokens.”

In the future, users will be able “to use MIR tokens as collateral to mint mAssets and a variety of derivative products.” Mirror Protocol is a DeFi protocol “powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (i.e., mAAPL, mTSLA, etc.).” These mAssets “mimic the price behavior of real-world assets and give traders price exposure without the burdens of owning or transacting real assets.”

Infrastructure Tokens

Ankr Network (ANKR)

ANKR is an ERC-20 token that “powers the Ankr Network. Its use cases include being a mode of payment for services on the Ankr platform, such as node deployment and API services, participation in on-chain governance, and serving as insurance for network participants.” Ankr Network “provides Web3 infrastructure for easy, accessible, and affordable deployments of a broad range of blockchain nodes, APIs, and decentralized cross-chain staking infrastructure.”

It is “designed to lower entry barriers for retail and enterprise clients and developers who want to contribute to blockchain ecosystems.” To increase adoption and contribution to various blockchain ecosystems, Ankr has “teamed up with a range of notable partners over the years, including but not limited to companies like Avalanche, Binance, Blockstack, Compound, Covalent, Celo, Curve, Elrond, Harmony, Oasis, Polygon, Skale, and many more. You can see the ANKR price and more information by following the link.”

Fantom (FTM)

FTM powers the Fantom network, and is “used for staking, on-chain governance, and as payment for network fees.” We support the Ethereum (ERC-20) version of FTM, which is a multi-chain asset. FTM “purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of FTM using a bridge.”

When interacting with the Fantom network, “users pay gas fees (or transaction fees) in FTM tokens.” The Fantom network is a smart-contract platform that “allows developers to write, compile, and deploy smart contracts the same way they can on Ethereum.” It runs on a directed acyclic-graph-based distributed ledger and is “integrated with the Ethereum Virtual Machine (EVM) and the Web3JS stack.”

It “uses an asynchronous Byzantine Fault-Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism called ‘Lachesis.’”

DerivaDAO (DDX)

The DDX token is an ERC-20 governance and utility token “with various use cases. DDX allows token holders to participate in the governance of DerivaDAO from day one with their token holdings (or delegated voting power) to determine the evolution of the exchange.”

DDX can also be “used to pay reduced trading fees on the platform, and the token is staked (or bonded) by operators who run price feeds or matching engines.” Lastly, DDX holders can “stake the token to receive increased referral payouts from traders they have referred to the platform.”

DerivaDAO is the decentralized autonomous organization (DAO) that “governs DerivaDEX, a Coinbase-backed decentralized exchange (DEX) for derivative contracts built on Ethereum.” It features an open order book and on-chain settlement, and “leverages off-chain price feeds, matching engines, and liquidation operators to enable fast and efficient transactions of synthetic assets.”

Data Management Tokens

API3 (API3)

API3 is an ERC-20 utility token. API3 is a “collaborative project that delivers traditional API services to smart contract platforms in a decentralized and trust-minimized way.” Token holders must stake their assets in API3’s insurance collateral pool “to participate in the protocol’s governance.” The collateral pool “protects against issues that may arise from any disruption caused by the data distribution.”

When a user receives erroneous data, the collateral pool “gets slashed and the user receives the slashed funds as compensation.” API3 is “governed by a decentralized autonomous organization (DAO), namely the API3 DAO. API3’s code is open source, and its operations are transparent.”

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176733-gemini-adds-defi-infrastructure-data-management-crypto-tokens-alcx-ankr-ftm-mir-api3-ddx/

Crowdfunding

Why Does this Perfume Smell Like Gas?

Published

on

Take a Look at these Pandemic Tattoos

2020 was a historic year. Perhaps that’s why so many people are getting something special to remember everything that happened. Get the scoop »

This MIT Robot Will Get You Dressed in the Morning

Sometimes, even everyday tasks like getting dressed can be exhausting. But now there’s a robot from MIT that can help »

From New York to Chicago — In Minutes

How fast is this new high-speed train? So fast that you could grab a deep-dish pizza in Chicago, and enjoy a Broadway show in New York… in the same afternoon »

Curing Cancer Just Got Easier

Doctors just discovered that there’s a single protein linked to all kinds of cancer. And now, by targeting this protein, finding a cure for cancer might be more feasible. Learn more »

Why Does this Perfume Smell Like Gas?

In a recent survey, 20% of drivers said they were hesitant about switching to electric vehicles because they’d miss the smell of gasoline. But thanks to this new invention, now the switch should be easy »

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdability.com/article/why-does-this-perfume-smell-like-gas

Continue Reading

Crowdfunding

LEAKED: Startup Profits Revealed

Published

on

How much money could you potentially earn by investing in startups?

Well, if you’re a longtime reader here, you’ve seen countless studies on the returns you could have made in the private startup market.

But what about real-world numbers? In other words, actual profits that came from startup investments over long periods of time?

Well, that’s precisely what I want to show you today. You see, a well-known startup investor recently “leaked” his firm’s profit numbers from the past decade.

Today, I’ll share those numbers with you…

So you’ll be able to determine for yourself whether they live up to the hype.

Mutual Funds for Startups

Before we dive into the numbers, first let me explain where they came from.

Professional startup investors are called Venture Capitalists. And their firms are called Venture Capital Funds.

These funds are similar to mutual funds — but instead of investing in a portfolio of publicly traded stocks, they invest in a portfolio of startup companies.

One well-known venture fund is called Union Square Ventures (USV). Its offices are just around the corner from Crowdability’s headquarters in New York City.

USV was an early investor in startups including Tumblr (acquired by Yahoo for $1 billion) and Twitter (which now has a $56 billion market cap).

Profits Revealed

But Tumblr and Twitter are examples of its successful investments.

What about its not-so-successful ones? Or the ones where USV lost money?

Until recently, few people knew what the firm’s true overall returns looked like…

But a few days ago, the firm’s founder and Managing Partner, Fred Wilson, published a blog post including data on the firm’s REAL returns from the past decade.

According to Wilson, over the past 10 years, USV has earned an average of 58.6% per year.

That’s amazing. To put it in context, it’s nearly 10x higher than the stock market average of 6% per year, and it’s even higher than Warren Buffett’s average annual return of 20% per year.

And keep in mind: that figure includes USV’s winners and losers.

Not a Surprise!

To many people, these results were shocking…

But Matt and I weren’t surprised at all.

You see, we’ve been tracking and investing in this market for a long time. So we know how profitable it can be to invest in early-stage private startups.

For example, a couple of years ago, we reviewed a study from an investment research firm called Cambridge Associates. Cambridge advises some of the largest investors in the world — institutions like Harvard University and the Bill Gates Foundation.

In this study, Cambridge published the results on the long-term returns generated by early-stage startup investments. Simply put, it found that, over 25 years, a portfolio of startups generated an average return of 55% per year.

And as you can see, this study matches the real-world returns of USV almost perfectly!

Now It’s Your Turn to Get Started!

After reading this essay, you might be champing at the bit to dive into startup investing.

Well, our mission is to make that as easy — and as profitable — for you as possible.

Which is why Matt recently sat down for a 60-minute interview to reveal our proprietary strategy on Pre-IPO Cheat Codes.

As you’ll see here, these simple codes show you how to get access to the world’s next billion-dollar companies — while they’re still tiny (and cheap) startups.

Click here now to watch the full interview »

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdability.com/article/leaked-startup-profits-revealed

Continue Reading

Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

Published

on

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

Continue Reading

Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

Published

on

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

Continue Reading
AR/VR5 days ago

Review: Winds & Leaves

AR/VR5 days ago

nDreams Opens Studio Orbital Focusing on Live Service Games for VR

Esports5 days ago

Pokémon Sword and Shield’s Same Double Beat online competition announced for August 13

Energy5 days ago

Save money, stay cool as heat wave hits the Carolinas

AI5 days ago

How to Build a Powerful Shopify Chatbot

Blockchain5 days ago

RUNE Technical Analysis: Look Out for the Second and Third Resistance Levels of $5.29 and $5.75

Blockchain4 days ago

Happy birthday Ethereum!

Gaming5 days ago

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Energy5 days ago

The Shaw Group Partners with Clough in the U.S. to Deliver Pipe Fabrication for Gulf Coast Petrochemical Project

Cyber Security3 days ago

Android Banking Trojan Relies on Screen Recording and Keylogging Instead of HTML

AR/VR5 days ago

Carrier Command 2 VR August Launch Date Confirmed

Cyber Security3 days ago

How to Sell Cybersecurity

Blockchain5 days ago

Cashing Out Buterin’s $1B SHIB Donation Isn’t Easy, Says COVID-Crypto Fund’s Creator

Esports3 days ago

Tribes of Midgard Berserker: How to Unlock

Investing4 days ago

How do you use top stock signals as a beginner?

Energy3 days ago

CEMIG Geracão e Transmissão S.A. Announces Early Tender Date Results of its Cash Tender Offer for its 9.250% Senior Notes due 2024

Esports3 days ago

Tribes of Midgard Berserker: How to Unlock

Energy5 days ago

Fermentation Chemicals Market Procurement Intelligence Report with COVID-19 Impact Analysis | SpendEdge

CNBC5 days ago

Rocket Lab launches US Space Force satellite after its failed mission in May

Gaming5 days ago

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Trending