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Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

Oracle tokens gain traction as cross-chain interoperability and new developments in the DeFi sector lure investors away from Bitcoin and NFTs.

The post Return of the oracles: Band Protocol, API3 and DIA price soar to new highs first appeared on Blockchain Consultants.

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Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market.

Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs.

BAND/USDT vs. API3/USDT vs. DIA/USDT 1-day chart. Source: TradingView

As shown above, Band Protocol (BAND), API3 and DIA are three oracle projects that have entered sharp rallies over the past week.

BAND/USDT

Band Protocol is a cross-chain data oracle platform that operates on the Cosmos (ATOM) network. The protocol aggregates real-world data and APIs and supplies the data to on-chain applications and smart contracts in order to facilitate the exchange of information between on-chain and off-chain data sources.

Between Jan. 1 and Feb. 13 BAND price surged by nearly 300% then in March the token traded in a sideways range between $11 and $15.30.

BAND/USDT 4-hour chart. Source: TradingView

Activity for protocol began to pick back up on March 26 after it was revealed that the team was instrumental in bringing VeChain (VET) to Linear Finance (LINA). The developers also announced that they would continue to assist in bringing new assets to the LINA ecosystem.

The subsequent revelation that BAND had partnered with SCB 10X, one of the biggest financial institutions in Thailand, brought further momentum to the token and pushed it to a high of $17.78 on April 1, an increase of 60% over the past week.

API3/USDT

API3 is a DAO-governed oracle project focused on the creation of fully decentralized, blockchain-native APIs (dAPI) that aggregate data from first-party oracles.

Price action for the token began to pick up on March 1 and continued to build throughout the month as the protocol announced multiple new partnerships including collaborations with Option Room, Royale Finance (ROYA), MobiFi and Bridge Mutual (BMI).

API3/USDT 4-hour chart. Source: TradingView

Since hitting a swing low at $3.28 on Feb. 28, the price of API3 has climbed 220% to establish a new high of $10.50 on April 1.

DIA/USDT

DIA is an open-source data and oracle platform for the DeFi ecosystem that enables market participants to source, supply and share trusted data. Essentially, the protocol provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

The platform brings data analysts, data providers and data users together to create a space for open financial information in a smart contract ecosystem that is like the Wikipedia of financial data.

DIA/USDT 4-hour chart. Source: TradingView

After dropping to a low of $1.87 on Feb. 28, DIA revealed multiple partnerships in March, including an integration with the Polkadot (DOT) parachain Moonbeam. This resulted in the price of DIA climbing 150% to a high of $4.79 on April 1.

Another potential catalyst for the current rally came shortly after the launch of the DIA Univesity Student network on March 12.

In total, DIA announced partnerships with eight different blockchain projects and companies during the month of March, indicating that the team is serious about its goal to create a cross-network oracle system that provides trusted data for the cryptocurrency ecosystem.

Oracles now appear poised to continue the uptrend that began in January as blockchain technology and cryptocurrencies gain additional attention from investors and the business sector.

With the hype behind NFTs beginning to subside, oracle tokens could be the next group to entice investors and break out to new all-time highs.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/return-of-the-oracles-band-protocol-api3-and-dia-price-soar-to-new-highs/?utm_source=rss&utm_medium=rss&utm_campaign=return-of-the-oracles-band-protocol-api3-and-dia-price-soar-to-new-highs

Blockchain

How to Choose a Prospective Cryptocurrency

Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin. Function To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project […]

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Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin.

Function

To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project must be clear and understandable, even if it is a complex technology or a system that is difficult to develop. The technology or system must have a real application and solve real problems both in the crypto market and in other areas.

Development Team

Another important attribute is the team behind the project. Sometimes among the representatives you can see former employees of companies like Microsoft, Google, Goldman Sachs, or JPMorgan Chase. But work experience varies – you can work as a senior assistant to a junior janitor or develop complex products, the expert explained. So check exactly what positions project members have held and what products they have developed before.

Known and proven specialists, as in any other field, are not many. So, projects with big plans usually try to attract famous developers because they know that this will draw the attention of the crypto community.

Software Code

In order to define a successful cryptocurrency, it is advisable to understand programming. At the same time, it is important to follow what the project team publishes on GitHub. This is a kind of social network for developers, where they publish created solutions and share the results of the project development.

Many projects have open source code. By studying it, as well as the activity of the developers, it is possible to understand whether there is dynamics in the development of the project and how positive it is.

The peculiarity of the crypto market is that an analyst must be more than just a financial expert. Here it is not enough to be able to understand the financial market, valuation methodologies, the possible value and liquidity of the asset. Cryptocurrencies often include different components written in different languages. An expert must be immersed in both areas to correctly evaluate new projects.

How Much to Invest

Any project can seem extremely promising. But this does not guarantee its success in the future. The idea may be poorly implemented, fail to find application, fade out against the competition or even turn out to be a product of fraud. So, such investments are of a high-risk nature.

10-20% may be set aside in an investment portfolio for venture capital investments. It is possible to invest a few percent in each interesting project, thus assembling a portfolio of a dozen altcoins or other high-risk instruments.

You can allocate up to 25% of your investment portfolio to buy the tokens of projects that were launched during the ICO and continue to operate and develop to this day. They have survived all the ups and downs of the industry in recent years. Such projects are more reliable and have real potential for development and growth, the expert believes.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/how-to-choose-a-prospective-cryptocurrency/

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Blockchain

How Is Trustworthiness Measured In A Crypto Exchange?

Trust is crucial in any financial system. While Cryptocurrency is taking the world to the moon, it is very easy for some of the fake crypto exchanges to make a fool of beginners as well as experienced users all around the globe. Opting for an exchange system that is not secure and dodgy is becoming […]

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Trust is crucial in any financial system. While Cryptocurrency is taking the world to the moon, it is very easy for some of the fake crypto exchanges to make a fool of beginners as well as experienced users all around the globe. Opting for an exchange system that is not secure and dodgy is becoming a widespread mistake. For trust building, the most important thing is how safe and transparent a crypto exchange is. It is crucial to look into the various factors to check the trustworthiness of a crypto exchange before opting for it.

Trustworthiness: The most crucial characteristic of a good crypto exchange

A research paper published recently called “Characterizing cryptocurrency exchange scams” used typosquatting generation technique and existing data to identify over 1500 scam domains with 300 plus fake crypto exchange apps. After exploring the relationship between fake apps and scam domains, it identified 30 fake app families and 94 scam domain families.

The researchers revealed that these scams and fake crypto exchanges have resulted in a financial loss of a minimum of $520,000. Along with this, they found that these phony crypto exchange apps have sneaked to big app stores like Google Playstore, to defraud unaffected users. This shows an urgent need to identify and avoid such untrusted crypto exchange scams.

These days, hundreds of crypto exchange and trading platforms are floating in to the market, making promises of transparency and security. But before opting for a crypto exchange platform, you should look at these four factors to judge the trustworthiness:

  1. Security: The platform should implement high-security measures in all exchange functions such as user authentication, user verification, sessions management, trading and withdrawal policies. 
  2. Data Transparency: Trading volume, average liquidity, user activity, and other on-chain and off-chain data should be transparent and also, available to the public.
  3. Ease of use: A user friendly platform will attract more users and earns their trust. 
  4. Founders and Team: The founders and developers behind any successful project have long experience and a strong record of past projects in similar niche. 

Why is Aurix becoming the star of all eyes?

A popular and successful crypto exchange system should excel in all four factors mentioned above. With experienced developers and superior blockchain technology, Aurix aims to be one of the most trusted platforms worldwide. 

The Aurix chain ensures seamless payments and top-notch security. Aurix CEO, Majed Mohsen, has said that they pay their most attention to its integrity and adherence to the best international security standards.

The Aurix chain offers financial services that are fast, transparent and secure. Decentralized finance enables carrying out transactions without the company’s operations and permissions. This means that even if, because of any reason, Aurix ceases to exist, the chain will continue doing its task of transferring the users’ cashback properly.

It has a user-friendly design with the ability to trade multiple coins with a customized interface. It allows tons of trade orders and transactions to process in a couple of seconds. The platform provides trading charts and analysis tools. This simplicity of the system helps users to understand the system quickly.

Along with all the fantastic things, Aurix’s team is highly reputed and have worked for years in the field. They have ensured the building of a highly ethical system.

Change your crypto exchange before it’s too late

The facts mentioned above make it necessary to realize the importance of using trustworthy and secure crypto exchange platforms, to avoid financial suffering and losses. It is evident from the technologies it uses that Aurix is passing all the mentioned parameters to become one of the most trustworthy crypto exchange platforms. The complete ecosystem of Aurix ensures a transparent, trusted, and resilient service. Aurix CEO, Majed Mohsen, promises the utmost care and security to its users. It is a self-reliant ecosystem of financial services which are fully designed on the technology of decentralized finance, maining that all the transactions will be executed in any case. Aurix will never disappoint you, no matter what happens.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/how-is-trustworthiness-measured-in-a-crypto-exchange/

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Blockchain

Torum completes world’s first Initial Staking NFT offering in under 20 minutes

Torum, the first DeFi, and NFT-infused social media platform are proud to announce that it has completed its first public sale event – Initial Staking NFT Offering (ISNO). Launched at 9 p.m. on May

The post Torum completes world’s first Initial Staking NFT offering in under 20 minutes appeared first on AMBCrypto.

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Torum, the first DeFi, and NFT-infused social media platform are proud to announce that it has completed its first public sale event – Initial Staking NFT Offering (ISNO).

Launched at 9 p.m. on May 11th, 2021, the crowd sale event is the first ISNO that is held in the crypto space, featuring a total of 363 limited editions NFTs of 5 different tiers.

Finished In Less Than 20 Minutes

As soon as the NFTs were available for grab, all 363 units of them were completely sold off by cryptocurrency enthusiasts from every corner of the world in under 20 minutes, highlighting a strong token demand and project support from the community. 

The rarest Tier 5 NFTs were sold off in the first 30 seconds, followed by Tier 4 NFTs (2 minutes), Tier 3 (7 minutes), Tier 1 (14 minutes) and Tier 2 (18 minutes). 

A total of 1,750,000 XTM, the native token of Torum ecosystem, is issued and locked inside the 363 ISNO NFTs, meaning the value of the NFTs will be constantly backed by XTM, ensuring that 363 NFTs have a solid price foundation.

The World’s First and Only ISNO Event

Unique from the conventional Initial NFT Offering, every NFT issued under the ISNO event comes with a permanent staking multiplier and a fixed amount of native token locked inside it. The staking benefit ranges from 1.05x to 1.25x that multiplies the holders’ liquidity provider stakes on a dedicated DeFi platform.

As the first project to introduce the new NFT funding event, the ISNO NFTs of Torum can be staked on its DeFi platform, Torum Finance to unleash its staking multiplier effects. Alternatively, the ISNO NFTs can be burned to release the native token locked inside them. In other words, most NFT holders will hold onto the virtual artworks to enjoy the staking multiplier benefit, reducing the selling pressure of ISNO participants during the token generation event.

Torum believes that the successful launch of the first ISNO event will lead others to follow its step, launching more ISNO events in the future.  Torum also hopes that projects can continue to think out of the box and introduce more crypto innovations to the crypto space, just like how Torum combines the elements of DeFi, NFT, and public sale into ISNO. 

About Torum

Torum is the first DeFi and NFT-infused social media platform that is specially designed for cryptocurrency users. Backed by over 18 prominent strategic investors like AU21, Consensus Lab, DFG, Waterdrip Capital, and Redline Capital, Torum is now one of the fastest-growing social media platforms joined by over 40,000 crypto enthusiasts from every corner of the world.

In the future, Torum strives to become the largest crypto ecosystem that connects the general public to the crypto space.

Disclaimer: This is a paid post and should not be treated as news/advice

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/torum-completes-worlds-first-initial-staking-nft-offering-in-under-20-minutes

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How Can Online Payments Change Your Life?

Many people think that paying in cash is the right way to make transactions with others. However, merchant payment processing is the one process that has changed the way we give and receive money for good. Everyone needs to have at least one good reason to live on his premises and make a payment to […]

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Many people think that paying in cash is the right way to make transactions with others. However, merchant payment processing is the one process that has changed the way we give and receive money for good. Everyone needs to have at least one good reason to live on his premises and make a payment to a store for a good or service, especially now during the Covid-19 pandemic.

Being out there is full of dangers. Many thieves could be there to steal your cash and harass you to give them more. You can also meet waiting for lines of other people wasting your time on the cashier’s desk when you could have made the same payment from the ease of your home. Let’s now see what Gate2Way could do for your online payments and how integrating them into your daily schedule will give you more freedom to enjoy other things in life: the ones that matter most. 

Are Safe Online Payments Safe?

That’s a question making all of us wonder what happens with online payments. During the early years of the online payment expansion, the anxiety of losing control of your checking account was high. Today, encryption technology has made such virtually impossible progress to have a problem with online payments. 

Every user can issue new codes and authorization when processing an online payment. They can also access your mobile phone and have an additional PIN authorization that will make the system even more open and transparent. There is no reason to worry about identity theft anymore since most of the applications can get attached to your fingerprints even before you ask for the actual payment.

Online Payments Have Become Faster than Even Before

People think that bank transfers may have a delay of three to five business days according to the bank institution and payment processing system (VISA, Mastercard, Discover, etc.). That’s not true for modern electronic payments that may only need one day to appear on your ledger balance. Most companies get a direct message about your payment, and that makes you more secure that they will be tolerant of you paying them one or two days later through the mobile and electronic system.

Today online payments can also happen through the blockchain economy. People like to invest in cryptocurrencies that are only visible in online bank accounts. That is a way to transfer money directly to the ones you want without a single-minute delay. Get2Way can offer you the chance to use the most highly sophisticated blockchain technology and allow you to send money globally without the fear of losing control about the final recepients. 

People will always need to have strong and solid online payment solutions. Our life becomes digital, and we need to comply with all these changes especially when they protect us from identity and property theft. All transactions would be electronic in a future world, and cash will be soon out of the economy. Try to be with the best and ensure that you know the reasons to do so. 

Get2Way is the only company showing you the way to the future and making you capable of taking advantage of the new online payments features fully. Stay alert for all the upcoming news and details for online payments!

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/how-can-online-payments-change-your-life/

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