Bitcoin (BTC) has been beneath $45,000 for 14 days and is at present 40% beneath the $69,000 all-time excessive. This motion holds similarities to late-September 2021, when Bitcoin value flat-lined for 11 days and was 36% beneath the earlier $64,900 all-time excessive on April 14. Bitcoin value at Coinbase, USD. Source: TradingView To perceive whether […]

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Key Takeaways Fantom is an Ethereum-compatible Layer 1 chain with over $8 billion locked in its DeFi protocols. It hosts a thriving DeFi ecosystem, including...

Recently, the community of the Cosmos blockchain ecosystem disclosed the deployment of the Cosmos Gravity Bridge, which will empower all IBC (inter-blockchain communication) Cosmos SDK-based chains to receive and utilize Ethereum/EVM-based and allows for Cosmos-based tokens to be represented in popular Ethereum wallets and AMMs (automated market makers). Cosmos Gravity Bridge combines gas reducing strategies […]

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Byte Trading, a crypto market maker specialized in derivatives, has raised $7 million in a seed funding round.

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2021 was a big year for mass crypto adoption – and no, we don’t mean El Salvador. As thousands of ...

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EternalDoge becomes the newest Doge-based token to enter the Binance Smart Chain (BSC) network. Its name originates from the basis that Dogecoin is eternal since it lies on BSC. The previous Doge token varieties to get into the market were the likes of babydoge and minidoge. 

EternalDoge Features 

Rewards

Holders are rewarded 3% of EternalDoge on transactions to give back to their community. The project strongly hopes that the community will stay loyal and hold strong as the community grows.

Dev and Buybacks

The project uses a buyback mechanism. It uses 3% of the profits to buy back some tokens and burn them. The process will help support the growth and stability of the token. Ultimately, it will reduce the token supply making it more attractive to investors.

Eternal Reflections

EternalDoge transactions get charged a fee distributed among holders of the token. 3% of the transaction fees go into internal reflections.

Liquidity Pool

1% of the token goes into the eternal liquidity pool. The pool will allow users to buy and sell crypto on decentralized exchanges without the need for centralized market makers. Also, it will provide liquidity, speed, and convenience.

Tokenomics

• Total Supply (100%): 1,000,000,000

• Presale: 35%

• LP: 24.01%

• Airdrop: 23%

• Exchanges and Development: 10%

• Team: 7.29%

• Unicrypt Fees: 0.7%

What is Next?

EternalDoge is in the second phase of development. During the first phase, the presale marketing, contract deployment, listing on the Pinksale platform, and the official launch of the token have been successfully concluded. 

The second phase involves post-marketing, Twitter, and Telegram Growth in that order. The majority of the marketing will take place at this time. After all, marketing is the primary focal point of any crypto project to bring more investors to the platform. 

The third phase will involve an application for audit and listings. Also, there will be further EternalDoge growth. We can expect more details on what will happen from the announcements on their social media.

About EternalDoge

EternalDoge is a crypto with a fanciful side. The reason is, it is an offspring of its "father" Doge. The token rewards its users by distributing back 3% of the transaction fee to its holders. By holding, you can be sure to earn more EternalDoge over time. 

Notably, EternalDoge has an ample supply and low price. Over time, when the marketing is launched and fully operational, the price may grow. However, the token has a fixed supply, and a proportion will be bought and burnt to reduce the supply. Consequently, the value will increase over time. 

You can get more information on the token in their:

• Website: https://eternaldoge.com/

• Whitepaper: http://eternaldoge.com/wp-content/uploads/2021/11/EternalDoge-Whitepaper-2.pdf

• Telegram: https://t.me/EternalDogeAnn

• Twitter: https://twitter.com/EternaldogeBSC/

ClearDAO announced today the barrier option marketplace on Binance Smart Chain testnet is now open to everyone for public alpha testing. This is the first proof-of-concept marketplace built using the Clear SDK. The Clear SDK is expected to be available by end of 2021.


ClearDAO is a decentralized derivatives factory where DeFi developers can use the tools provided to build bespoke derivative products. The marketplace on Binance Smart Chain testnet offers options on BTC, ETH, BNB and basket of cryptos.

The option products available on ClearDAO are barrier knockout options, not the standard vanilla options available elsewhere. The marketplace has a easy-to-navigate user interface where a 4 x 4 matrix displays the options of different maturities (1 day, 3 days, 7 days, 14 days) and barrier levels (5%, 7.5%, 10% 15%). They offer different risk profiles and expected return to traders. Traders can trade both calls and puts to enhance returns and manage risks of their existing portfolios.

In traditional finance, the barrier of entry to OTC derivatives are extremely high and are often exclusive to institutional investors. DeFi in many ways aims to replicate the traditional finance but without the walls that keep the majority out. As DeFi matures and participants become more sophisticated, the need to hedge crypto portfolio risks will rise. There are currently no customizable derivatives in DeFi that tailor to the need of the buyers, and this is the problem ClearDAO is solving.

Currently in the cryptocurrency industry, the role of market makers and liquidity providers are highly accessible to most participants, including individuals and institutions. This is also true at ClearDAO, where automated market making algorithm is deployed in the marketplace to allow anyone to participate as a liquidity provider and a liquidity taker. The governance aspect of the ClearDAO ecosystem is expected in 2022. Community members will be able to collectively decide the development path of the project.

ClearDAO recently closed a $2.5 million private round fund raising. According to the project roadmap, the Clear SDK will be available in Q4 of 2021. In the same quarter the project is expected to deploy on Solana devnet. DAO governance and marketplace mainnet deployment is targeted for Q1 of 2022.

Injective, the first universal DeFi protocol for cross-chain derivatives trading, has announced the successful public launch of its main network alongside a $120 million protocol incentive program named Astro for traders, market makers and DeFi projects.

A newly minted unicorn, Injective streamlines fully decentralized trading with a fast and secure layer-2 exchange that allows individuals to create unlimited financial markets for assets such as crypto, commodities, NFTs, forex, and much more. Injective enables 24/7 trading and allows its users to trade with zero gas fees. All transactions are entirely transparent and secured by Tendermint-based proof-of-stake consensus with instant finality. Recently, major institutions such as Siam Commercial Bank and Binance have put their institutional weight behind Injective as well as they act as validators for the protocol.

Injective is a Cosmos SDK based chain that enables decentralized trading for a diverse array of financial instruments such as perpetual swaps, expiry futures, and traditional spot markets. Unlike its counterparts such as FTX and dYdX, every component of the Injective is built to be fully trustless, censorship-resistant, publicly verifiable, and interoperable while providing an intuitive user experience comparable to centralized exchanges. 

Injective has already seen substantial levels of adoption with over one billion dollars in daily trading volume across more than 25,000 unique monthly users. Renowned market makers and funds such as Cumberland, QCP Capital, CMS, and Bitlink are all early backers of the project and helped provide advice on the initial design and development of the protocol itself. Injective rose to prominence last year as they became one of the first protocols to list commodities such as gold on the exchange.

To accompany the mainnet launch, Injective is also releasing a $120 Million incentive program named Injective Astro to help promote liquidity and trading on the protocol. To help put this number into perspective, $120 Million will make Injective's Astro program one of the largest liquidity incentive programs within the orderbook DEX space and by far the largest within the entire Cosmos ecosystem.

The program will begin by allocating the funds specifically to market makers and traders who utilize the protocol. Through the Trade & Earn program, traders will be able to earn a rebate for every trade that they place on the exchange rather than having to pay a fee as is the case on all other platforms today. To further encourage user loyalty, Injective has introduced a decentralized VIP system to progressively reward users as they increase participation and volume. This is the first time an exchange VIP system has been implemented fully on-chain with zero intermediaries.

Injective Astro will extend far beyond the trading incentives to further catalyze ecosystem growth through a multi-stage process. Injective Labs also plans on assigning more funds toward incentivizing new projects to build on Injective. So far Injective Labs has publicly backed NFT auction house Burnt Finance which famously worked with Injective to burn Banksy painting and minted an NFT after the act. The news was covered across all major media and the video itself has garnered over ten million views in China alone.

The frontend interface created by Injective Labs called Injective Pro was released last month. Injective Pro restricts all US users in order to properly comply with guidelines set forth by governing bodies such as the CFTC. Uniquely however, developers can build new exchange interfaces on top of Injective which allows individuals to rapidly create region or asset specific exchanges while being able to leverage the powerful backend protocol. For instance, a developer can deploy a decentralized exchange that only focuses on futures trading.

Over the past few months, Injective has taken steps to ensure complete decentralization of the protocol itself. Every transaction on Injective is verified by a decentralized group of validators that currently secure some of the fastest growing projects in the industry today such as Cosmos and Terra. Users can view all trades on-chain via the Injective Explorer regardless of whether the trade was placed via a frontend interface or the institutional grade Injective API. All markets launched on Injective must be approved by a DAO vote from which Injective Labs abstains. All of these aspects empower the global community to dictate the future of Injective.

The launch of Injective mainnet and the Astro incentive program follows the release of the Injective Bridge – an IBC-enabled cross-chain bridge that supports seamless Cosmos and Ethereum-based token transfers. Injective also touts its fast withdrawal times back to Ethereum which currently stands at less than 10 minutes which is far lower than other layer-2 solutions where withdrawals can take up to a week to process.

“Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective's Ethereum-native tooling allows users to simply create and trade new cross-chain markets without the typical roadblocks associated with making transactions across distinct blockchain networks,” said Eric Chen, the 23-year-old computer science dropout co-founder and CEO of Injective Labs.

The team at Injective Labs has been building it since 2018 and validated the product  with the largest funds, market makers, and institutional traders. Injective was one of the first projects to be incubated by Binance Labs and recently raised a $10 million round from the likes of Pantera Capital and Mark Cuban.

About Injective

Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban. For more information please visit https://injectiveprotocol.com/ 

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