Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and thus delegates the task of safeguarding them to key owners. About the OpenSea phishing attack Phishing is a type of malicious activity that manipulates the victim into sharing confidential credentials or information, mostly by fake communication. Phishing is a serious threat even today, and it’s also one of the hardest attacks to discover, as it’s disguised as ordinary messaging. To demonstrate how real this issue is, here’s the recent case of OpenSea, one of the most important Non-Fungible Token (NFT) marketplaces of its time. According to official sources, the phishing attack influenced 32 platform users, who actually suffered damages to their holdings because of the event. The company’s CEO, David Finzer, highlighted that the attack is likely not directly connected to OpenSea’s platform, and users signed the malicious action elements somewhere else, which just underlines the significance of keeping your sensitive data safe when using a self-custody platform. Overall, while some rumors said that the stolen value was somewhere in the $200M range, David Finzer mentioned that the address, which they believe to be the hacker’s, has $1.7M to its name, which is still an outstandingly high figure. Why should safety be a priority? With the advancement of technology came the progress of hacks as well, and so nowadays, it’s more important than ever to take all the necessary precautions that aim to prevent such events. This is especially true when using self-custody platforms, since it’s the users’ responsibility to safeguard their private information, including their private keys. The reason why safety should come first is quite straightforward: the more one accumulates, the better the target for hackers, and if security is neglected, all those hard-earned funds can permanently disappear, faster than one would think. Implications of safety while trading Safety is also vital when it comes to trading cryptocurrencies, be it on a centralized exchange (CEX), or a decentralized exchange (DEX). Unfortunately, there are very few platforms out there that actually put sufficient emphasis on the topic. A great example of a DEX that ticks the box of high-level security is FOMODex, which is a multichain automated market maker (AMM), supporting Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). The platform recognized that without proper safety measures, everything else is basically useless, as results are only as good as their protection. Therefore, its team reportedly created FOMODex to be one of the most secure DEXs, despite its multichain environment and high volume of transactions. To further emphasize this, FOMODex launched as the first DEX that is regulated in the U.S., which means users’ protection is elevated, and grounds are provided for legal cases, should fraud occur. This is a remarkable achievement, as U.S. regulators are notoriously hard to get approval from. Final thoughts As demonstrated by both theory and real-world events, safety is truly one of the most overlooked, yet extremely vital aspects of dealing with cryptocurrencies. However, with next-generation platforms and users recognizing its importance, proper security will become the number one feature users look for when choosing where to conduct business in the near future.

Elrond has positioned itself as one of the dark horses in the DeFi industry. Moreover, the team is now exploring broader Web3 opportunities by introducing a new wave of incentives. Metabonding, the community accelerator, rewards builders, contributors, and long-term holders alike. Checking Off DeFi Milestones It has been an exciting year for Elrond, especially where [...]

The post Elrond Ventures Into Web3 Through Strong Incentives For Long-Term Ecosystem Supporters And Builders appeared first on Blockonomi.

In December 2021, Polkadot achieved something it had been working on for a long time:  Parachains from its first round of auctions went live.  This was years in the making, and with all roadmaps that reach a major milestone, it was a big win for Polkadot, the parachains, and the blockchain industry as a whole. […]

If you are familiar with the workings of decentralized finance (DeFi), you may have heard about the term ‘Impermanent Loss’ at some point in your journey. This arises from providing liquidity to liquidity pools, which are controlled by an automatic market maker (AMM). Simply, Impermanent Loss (IL) happens when the prices of your tokens change […]

Cronos is one of the up-and-coming blockchain ecosystems in the decentralized finance space. The network represents over $2.4 billion in Total Value Locked (TVL) across 44 protocols. More importantly, some of these protocols bring innovative services, products, and ideas to the DeFi industry. VVS Finance (VVS) The VVS Finance protocol is the leading DeFi application [...]

The post 5 Popular DeFi & NFT Projects on the Fast-Growing Cronos Chain appeared first on Blockonomi.

Ren Labs, creator of a protocol for cross-blockchain value exchange, today announced that Catalog, the first consumer application built on the Ren blockchain, has raised $7.5 million in a seed funding round. Devised by Ren Labs, Catalog is a DeFi app powering cross and multi-chain exchange with zero gas fees. Now with the waitlist open, Catalog […]

The post First Ren blockchain app Catalog raises $7.5M to develop cross-chain asset metaversal exchange  appeared first on CryptoNinjas.

Most people know Crypto dot com as an exchange and wallet app competing with the likes of Kraken and Coinbase with a series of high-profile advertising campaigns.

The post What is VVS Finance, the largest project on Crypto.com’s Cronos chain? appeared first on CryptoSlate.

GameFi is a fun and delicate balance between NFTs, DeFi, and gaming– here's how crypto games work and why you should pay attention.

The post What is GameFi? A Guide to Crypto Games & Play-to-Earn appeared first on CoinCentral.

NEAR's blockchain ecological DeFi project- Ref Finance announced the completion of $4.8 million financings led by Jump Crypto. (Read More)

Did you ever think that the decentralized crypto exchange platform would have a great impact in recent times? Undoubtedly, Cryptocurrencies have grown steadfast, and with the help of blockchain technology, anything is possible. In such a case, PancakeSwap, a decentralized crypto exchange platform, has been flourishing, creating an irreplaceable history in the crypto industry. Why […]

The post Know Why Should One Start A DEX Like PancakeSwap Now? appeared first on PrimaFelicitas.

SafariSwap is a new network known for being the fastest and the safest platform for liquidity pooling and its dex based operations.

Recently, Safariswap has announced a new non-fungible token (NFT) for the Chinese Year of the Tiger, it launched exclusive pieces of 888 collectables on February 7. Ahead of the launch of these NFTs, the $NATURE token now has been listed on leading well-known exchanges Coinmarketcap and Coingecko.

What is Safariswap? 

SafariSwap is a community-based and driven automated market maker (AMM), which aims to build an animal-friendly and animal lovers-based community which will not only work towards a sustainable living environment for animals but also revolutionize wildlife conservation plans and undertakings around the globe.

Safariswap also has its safari themed NFTs and holders of Safariswap NFTs are well-cited with mystery gifts and promising price preference. Besides, its highly optimized and user-friendly gaming system delivers high yield and huge APY if the holders are contributing to the NFT staking program and also for the users who are holding the $NATURE token which is the native token of Safariswap. 

SafariSwap $NatureToken- distribution and working

The SafariSwap token, $Nature, is a high yield staking LP token that provides rewards to its community via liquidity mining and NFT gamification. 

The token not only advantages token holders who HODL but also those who participate in the SafariSwap NFT ecosystem, enabling them to swap their tokens for fresh NFTs or upgrade up their prevailing NFTs to receive more rewards and huge APY. This system in turn impetuses token price evolution. SafariSwap's massive rewards model can be an integral part of the strategy for individuals who are looking to invest and earn sedentary income.

By staking safari swap NFTs in the ecosystem, it enables the users to passively earn enormous proportions of rewards which are instantly and automatically distributed to holders allowing effective and seamless experience in migrating assets from other similar liquidity pools.

SafariSwap's $NatureToken Listed on CoinMarketCap and Coingecko

The $Nature token now has been officially listed on coinmarketcap and coingecko allowing users to gather live, up to the minute market research, trading data, and token performance. Coinmarketcap and coingecko are some of the world's largest exchanges for buying, selling, and trading cryptocurrencies. CoinMarketCap is one of the most referred crypto price tracking websites. Coingecko being one the earliest and largest data aggregators in the industry, Safariswap is proud to announce that it is now a part of the 4,700 coins and over 300 exchanges community. 

Previously, the token has also been listed on DEX like pancakeswap. The listing has boosted the liquidity of SafariSwap and the price of $NatureToken higher by 20%, two days after the announcement. NatureToken also registered about 4.0% growth on coingecko. 

This is the right time for users to invest in buying the $NatureToken directly from CoinMarketCap to assure them of earning profit in the future. Users will also get the chance of earning big staking rewards, huge APY, and increasing their profit by 10 times. It's your chance to act as a smart investor and make sensible future investments by investing in the $NatureToken.

Availability of The NatureToken on Coingecko will also help the users to access the crypto data of the token. 

On Coingecko users cannot buy or sell the token directly however, investors can gather better awareness of NatureToken by accessing transparent and qualitative facts and achieving insights such as trust score, 24-hour reported trading volume, market capitalization, circulating supply etc. 

SafariSwap offers special NFTs for Chinese New Year

Safariswap is marking the Chinese lunar new year with the launch of a limited set of 888 pieces of collectables. Launched on February 8th, The price structure of these collectables is fixed as 100 USD and they can be purchased directly from the SafariSwap dapp.

To wish all users good luck, health and longevity for the Lunar New Year, SafariSwap has launched these collectables, "As a way to give back to our community for its continuous support". Don't miss this unique and exclusive NFT collection and gather the most rare and exclusive NFTs. 

Why get Safariswap New Year NFTs?

SafariSwap strives to nurture the multitudes on the significance of wildlife and habitat conservation, By putting an end to practices like poaching and hunting of endangered species. Thus evolving the creation of revenue opportunities for the neediest communities in the world that are implicated in habitat contortion. 

Besides doing good by donating a fraction of the revenue to wildlife organizations, all NFTs that are launched inclusive of the New Year NFT will be part of the roadmap where users will stand to receive a special lump bonus and join in special events only if users own a piece of this limited NFT. 

The proceeds have been divided into the following models:

• 50% of the proceeds will go to Jackpot.

• 30% of the proceeds will go to company development.

• 20% of the proceeds will be donated to a selected wildlife conservative organization. 

Therefore, Safariswap invites you to begin this journey of investment that helps in taking a step forward to put an end to the illegal trafficking and killing of endangered wildlife animals. 

How to purchase these Safariswap's special NFTs?

The below steps will guide you on how to purchase these limited New year's themed NFTs.

1. Prepare 100 USDT in your Dapp wallet

2. Access via your wallet browser: https://app.safariswap.io 

3. Connect your wallet & click on the "Buy NFT" function

4. Click the "Approve" on the Lunar New Year NFT

5. Buy the Lunar NFT using the 100 USDT

6. You may check the NFT under "My Collection" after it is purchased

Safari swap is not just a mode for income production, it's a representation of a sustainable planet. It's your chance to invest in the betterment of the world.

Coinmarketcap: https://coinmarketcap.com/currencies/the-nature-token/markets/

Coingecko: https://www.coingecko.com/en/coins/the-nature-token

Safariswap: https://www.safariswap.io/

Raghav Sawhney
Outreach Manager SafariSwap
Contact@blockchainprbuzz.com