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The first blockchain achievements in MMA — to all fans of hard sports

The first blockchain achievements in MMA — to all fans of hard sports

Cryptocurrencies have forced us to look at the world of business, technology, and entertainment from a different angle, transferring many traditional processes to the blockchain base. Experimenting with building networks and platforms using the blockchain can provide benefits in security, transaction costs, reduced intermediaries, and privacy, which in turn appeals to any business and government. […]

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The first blockchain achievements in MMA — to all fans of hard sports

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Cryptocurrencies have forced us to look at the world of business, technology, and entertainment from a different angle, transferring many traditional processes to the blockchain base. Experimenting with building networks and platforms using the blockchain can provide benefits in security, transaction costs, reduced intermediaries, and privacy, which in turn appeals to any business and government.

Cadastral GIS data, information portals, artificial intelligence, the Internet of things, social networks, video games, trading platforms, marketplaces, educational platforms, financial organizations, and dozens of other areas have gained successful experience in using blockchain. And the very idea of blockchain does not stand still, every few years offering new technologies, including DAO, NFT, and DeFi.

The first blockchain achievements are also appearing in the sports world. In this direction, it all started with blockchain fitness apps that tracked body performance, athletic performance and reward users for being active. But these were only the first attempts to tokenize the desire for a healthy lifestyle that had nothing to do with the global, international sports industry.

Today, such popular disciplines as boxing, football, hockey, MMA and any other sports can receive huge benefits from the decentralized model. But what is the motivation for using blockchain technologies in such simple and understandable areas as sports disciplines?

In fact, everything is complicated by the sheer number of intermediaries between athletes, promotions, federations, TV channels, and sponsors. The more people are involved in the industry (and in the case of football, more than 2 billion people), the more complex the relationships will be and the more money will remain in the pockets of intermediaries and third parties. It is also worth remembering how difficult it can be to get tickets to top competitions, and how some of them always go to a select, limited group of people.

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It is a blockchain that can solve these and many other pains of the sports industry. After all, the pillars on which the idea of ​​this technology is built are trust, transparency, decentralization, and equality of network participants. In such conditions, the participation of intermediaries fades into the background. The use of blockchain in sports, as elsewhere, can cut costs and provide a new level of relationship with fans. In addition, investors will also benefit by receiving simple and transparent investment instruments. Holders of tokenized assets of sports organizations will be able to influence the issuer’s decisions on the DAO principle. 

Sports fans will be able to get equal access to the services of organizations, buy tickets and seats, take part in public events and enjoy the benefits regardless of geographic location, social status, citizenship, and other conventions beyond which blockchain transcends.

Sports organizations, federations, and promotions also see great potential in this, experimenting with cryptocurrency tokens that allow you to pay for tickets, buy branded merchandise, take part in exclusive activities, and more. The movement towards the digitalization of sports is also taking place through the creation of universal blockchain platforms that allow the use of tokens and interaction with other participants. Equally important advantages of issuing your own coins are the high liquidity of an asset if it belongs to a popular organization. And the offer of services, payment for which is possible only in these tokens and within the platform, increases the demand for coins and brings passive profit to investors, as well as to all members and fans of the organization.

Experiments with blockchain are also appearing in the world of MMA. AMC’s “Fight Nights” promotion announced the launch of its own cryptocurrency token, designed to unite viewers, fighters, advertisers, and promoters into a peer-to-peer system on a single platform. AMC Fight Nights Global is the largest MMA promotion company in Europe, Russia, and the CIS countries, in which world-class fighters take part.

The main goals of the organization are called attracting investments in AMC Fight Nights for the development of sports and promotion to the world level, as well as building decentralized solutions with provable honesty for investors and members of the AMC Fight Nights ecosystem.

Holders of the AMC token receive maximum discounts on tickets for all AMC Fight Nights tournaments, the opportunity to participate in private club events and reality shows, as well as discounts on sportswear, paraphernalia and much more. In addition to commercial purposes, with the help of the new platform AMC Fight Nights, it is planned to create a “Fund to support veterans and disabled combatants”.

AMC has already launched a pre-sale of their token and conducted the first stage of the sale, at which the coin price was only $0.2. Now you can buy an AMC token and join the platform for $0.4. And in a few days, the third stage of pre-sale will begin with a price of $0.8. It is noteworthy that the team freezes for a certain period all coins that were sold to investors before listing on the exchange in order to protect the price from inflation because the estimated starting price of trading will be more than $1!

It is obvious that it is extremely profitable to purchase an AMC token on pre-sale. It remains only to determine your strategy: buy at a cheaper price, get a long freeze, or take a higher price, but with a minimum blocking time. 

In any case, the demand for the AMC token is now extremely high, because the promotion is actively holding tournaments and popularizing MMA. Calendar of events for the near future:

  1. June 18, 2021 – tournament in Krasnoyarsk;
  2. June 25 – fight of Magomed Ismailov against Vladimir Mineev in Moscow;
  3. July 16 – another tournament in Moscow where Yusuf Raisov and Alexei Makhno will meet;
  4. In August, an MMA tournament will be held in Buryatia;
  5. August 28 – a joint tournament in memory of Abdulmanap Nurmagomedov with the EFC league (Khabib Nurmagomedov);
  6. September 18 – tournament in Kazakhstan;
  7. October 1 – tournament in Moscow;
  8. Also in October, the MMA tournament will be held in Vladivostok.

In addition, the casting of the Superstar project is taking place right now, and the launch of a new fistfighting project under the auspices of AMC is planned for the near future!

You can join the project and become at the forefront of mixed martial arts (MMA) tokenization by following the link.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/the-first-blockchain-achievements-in-mma-to-all-fans-of-hard-sports/

Blockchain

Everything You Need to Know About The Challenges Plaguing The DeFi Ecosystem and Spherium Finance

Spherium Finance is a cutting-edge DeFi platform that offers a unified DeFi solution including a universal, cross-chain compatible crypto wallet.

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The traditional perception of money involves a centralized authority distributing fiat currency to the people. While this hierarchical system has worked well for the past couple of centuries, the current business landscape seeks more flexibility and autonomy over the process of exchanging values.

That’s where decentralized finance or DeFi comes in.

Creating a system where financial transactions can be carried out seamlessly without the interference of a governing body or a “middleman” has been the main goal of the DeFi sector.

Based on the advantages the DeFi markets offer, it is no surprise that the sector has seen tremendous growth in the last couple of years with the unicorn projects including among others Compound, Maker, Aave, Uniswap, SushiSwap, Curve Finance, and Yearn Finance. The transaction volumes and total value locked across DeFi projects are currently estimated at $59 billion, witnessing exponential growth in 2021. Nevertheless, some fundamental issues are still plaguing the DeFi space:

1. Complicated User Interface/Experience (UI & UX)

The current digital age, Web 3.0, demands an intuitive user experience without sacrificing the technical complexity of products. However, the current solutions in the DeFi space are geared towards technically proficient individuals thereby limiting broader adoption of the DeFi platforms.

A wider DeFi adoption requires DeFi products with user-friendly interfaces, simple options designed for less technically-minded retail users. To discover how DeFi works and to feel comfortable using DeFi solutions will doubtlessly be deterred by a complicated learning process.

Also, since crypto wallets are an important part of the DeFi ecosystem, DeFi platforms must provide a means for multi-currency integration. Therefore, to become universally adopted, the industry focus should shift from features or functionalities to user experience.

2. High Transaction Fees

The fundamental motivation behind cryptocurrencies was to provide a decentralized medium for carrying out financial transactions while eliminating intermediaries and keeping the costs low. These challenges have been resolved only to a certain extent as growing demand for resources and other market factors have led to a spike in transaction charges, especially in the Ethereum blockchain. The average transaction fee on the Ethereum network stood at about 32.50 Gwei as of June 8, 2021. 

Source: Ycharts.com

READ  Did US Congress Send Bitcoin Price Back to Five Figures?

3. Fragmented DeFi Landscape

To encourage mass adoption, the DeFi space should have a seamless flow. An immersive consumer experience should be a key element of DeFi transactions.

Unfortunately, the current DeFi ecosystem is fragmented making it difficult for new users to adopt DeFi. A new user who wants to trade cryptocurrencies has to first create an account on a DEX and if that same user wants to lend cryptocurrency, he is also required to create another account on a lending platform. This can be frustrating and result in a frustrating user experience.

While some lending platforms have identified this problem and are trying to solve it by collaborating with other service providers in the space, the current framework is still far from perfect.

The Spherium Finance Solution

Spherium Finance is a cutting-edge DeFi platform that intends to address the above challenges. It is a one-stop platform offering a unified DeFi solution including a crypto swap, money market product and a universal, cross-chain compatible crypto wallet.

Thus Spherium Finance is launching an entire suite of DeFi products. 

I. HyperSwap

HyperSwap is a decentralised platform for swapping ERC20 tokens using a cutting-edge Automated Market Maker (AMM) algorithm. It enables liquidity providers rather than intermediaries to make profits by reducing the prices and lowering the asset value back to the market price.

HyperSwap is among the pioneers in cross-chain AMMs enabling users to swap tokens across Ethereum and BSC networks. Its intuitive interface allows users to switch across different chains with a single click.

HyperSwap is also a layer-2 protocol for mitigating high transaction fees (gas fees) while at the same time maintaining the security guarantee of layer-1, also known as the settlement layer.

II. Spherium Wallet

Spheirum Wallet is a cross-chain compatible universal crypto wallet. It acts as the gateway to all Spherium products. The wallet can be connected to any DeFi platform via the Wallet Connect protocol. Customers will be able to use all the services provided on the Spherium ecosystem anytime and anywhere from their mobile device. Meanwhile, Spherium ensures the safety and security of the user’s assets through the adoption of best practices in cybersecurity. 

III. $SPHRI Token

$SPHRI is the native utility token of the Spherium ecosystem that will allow Spherium users to access the complete palette of Spherium products and services and also act as the governance token for the ecosystem. $SPHRI token holders will be able to submit proposals as well as vote e.g. on new proposals and new liquidity pools on HyperSwap. 

Users can earn $SPHRI through the following: 

  • Incentive for liquidity providers to HyperSwap; 
  • Incentive for HyperSwap traders/users;
  • Incentive for SPH token stakers; 
  • Incentive for SphereComp lenders. 

IV SphereComp 

SphereComp represents decentralized money markets allowing users to lend and borrow digital assets across different blockchains. The interest rates for such loans are determined by the law of demand and supply. 

The Spherium team recently announced its dual Initial Decentralized Offering (IDO) (medium link here) across BSCPad and PentaLaunch. This will be one of the first insured IDOs on PentaLaunch, and it will be happening on June 16, 2021. Spherium has insured its IDO through InsurACE. It’ll ensure the safety of the funds of the participants against any security threat. Net supply available for public sale on PentaLaunch will be 128,205 $SPHRI at 1 $SPHRI to 0.195 USDC. 

PentaLaunch

  • Opening time: 16/06/2021 04:00 AM UTC
  • Closing time: 16/06/2021 10:00 AM UTC
  • Time to claim $SPHRI: 16/06/2021 12 PM UTC

BSCPad 

The net supply available for the public sale event on BSCPad will be 641,025 $SPHRI.

  • Staking Eligibility Deadline: 16/06/2021 03:00 AM UTC
  • Allocation Round: 16/06/2021, 06:00 AM UTC
  • FCFS Round: 16/06/2021, 11:00 AM UTC
  • Pancakeswap Launch: 16/06/2021, 12:00 PM UTC
  • Time to claim $SPHRI: 16/06/2021, 12:00 PM UTC

More information about Spherium Finance is available under

https://www.spherium.finance/

https://t.me/spheriumcommunity

https://twitter.com/SpheriumFinance 

https://spheriumlabs.medium.com/.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/everything-you-need-to-know-about-the-challenges-plaguing-the-defi-ecosystem-and-spherium-finance

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Blockchain

Binance Coin, Filecoin, Tron Price Analysis: 13 June

The recent market fall has led to traders rushing toward sell-offs, even as Bitcoin’s price started to consolidate. The king coin’s downtrend on June 12, which led to an over 6% fall in valuation,

The post Binance Coin, Filecoin, Tron Price Analysis: 13 June appeared first on AMBCrypto.

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The recent market fall has led to traders rushing toward sell-offs, even as Bitcoin’s price started to consolidate. The king coin’s downtrend on June 12, which led to an over 6% fall in valuation, was followed by several alts such as Binance Coin, Filecoin, and Tron’s TRX. Breaking through important support levels, these coins also faced rising selling pressure and depleting capital inflows. Their south-bound movement kept them vulnerable to additional losses going forward.

Binance Coin [BNB] 

Source: BNB/USD, TradingView

Binance Coin continued on its downtrend. After gaining over 33% just between May 31 and June 2, its valuation fell by 20% during June 7-9. Still trading in the red, the coin was priced at $337.8 at press time. After testing resistance at $365, it had fallen a further 13.2% over the past week.

Relative Strength Index or RSI dipped below the median line on June 10 to 39.8 at press time. If selling pressure continues to mount, the coin could be headed for the oversold zone. As Parabolic SAR’s dotted line hovered above the candlesticks, a downtrend for the price action could be noted.

However, according to Awesome Oscillator’s histogram, bullish momentum could be seen creeping in although it was too early to declare a positive price movement based on the indicator alone.

The support at $304 remained strong and could act as a savior if BNB continues its downward movement.

Filecoin [FIL] 

Source: FIL/USD, TradingView

Filecoin lost 26% of its valuation during the market reduction on June 7. The coin fell through support lines at $84.5 and $75.5 and had since lost further valuation during the price fall on June 11. It was trading at $69 and saw slight gains on the four-hour chart with the emergence of a green candlestick at press time.

Chaikin Money Flow indicated that traders rushed to sell their holdings on June 12, as the capital outflows mounted way over the inflows. Selling pressure also continued to be overpowering, as Relative Strength Index continued to hover over the oversold region since June 8. The convergence of the Bollinger Bands did highlight the reduced volatility of the market and price action could be constricted going forward.

Tron [TRX] 

Source: TRX/USD, TradingView

The blockchain network recently hit several milestones. Tron’s daily active users hit an all-time high of 5.26 million, while the total daily transaction count has also hit an all-time high of 6.22 million on Tuesday.

Nevertheless, Bitcoin’s retracement on June 10-11 proved to be detrimental to Tron, which fell by over 12% during this time. The coin broke through its support at $0.069 but found new support at the $0.065 mark, with the former acting as a strong resistance. The 24-hour trading volume for the coin also fell by 31% over the past day.

Bollinger Bands remained diverged during this time, indicating that market volatility was picking up. The appearance of a red line below Awesome Oscillator’s histogram suggested that bullish momentum was starting to surface on the coin’s price action. Moreover, MACD’s histogram closed in one a bullish crossover, even as the lines remained below the equilibrium and moved in alignment with one another.

Since the indicators suggest that bearish momentum is declining, TRX could defend $0.065 support from a breakdown. In case the support is broken, the coin could face a plunge of over 20% towards the next support at $0.055.


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Source: https://ambcrypto.com/binance-coin-filecoin-tron-price-analysis-13-june

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Blockchain

Why NFL’s Russell Okung Asked Nigeria To Adopt The Bitcoin Standard

Following El Salvador’s decision to grant Bitcoin the status of legal tender, other government officials in the region have hinted at adopting similar measures. Most of the interest seems to have a source in developing countries. Their populations have been the most benefit from Bitcoin’s open and censorship resistance network. NFL’s professional player Russell Okung […]

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Following El Salvador’s decision to grant Bitcoin the status of legal tender, other government officials in the region have hinted at adopting similar measures. Most of the interest seems to have a source in developing countries. Their populations have been the most benefit from Bitcoin’s open and censorship resistance network.

NFL’s professional player Russell Okung wrote an open letter to the Nigerian government. He asked the official of this country to adopt the Bitcoin standard “or risk falling behind”.

Okung is of Nigerian descendant and is well-known for his pro-BTC stance. He famously used the phrase: “Paid me in Bitcoin”, as a demand to his team’s management. The professional football player has kept an eye on the situation in El Salvador and believes that “soon every nation will be faced with this decision”.

Therefore, Okung argues that it will be more beneficial for the country to be first in Africa to make BTC legal tender. In that way, Nigeria will “will enjoy significant advantages globally for generations to come”.

Similar to El Salvador, Nigeria and other countries in Africa have placed their fate in “the hands of global central bankers”. Okung believes these entities have acted for their own benefit and not those of the Nigerian people.

The NFL’s player emphasizes that the current global economic outlook calls for fast and extreme measures. Other countries, Okung claims, such as Russia, China, Kenya, and Iran use Bitcoin in some form to “circumvent U.S. sanctions” and retake more participation in the global financial system. He adds:

I’m proposing an equally aggressive approach to national Bitcoin adoption which would significantly bolster every sector of the Nigerian economy and revitalize the spirit of every Nigerian domestically and abroad.

What Countries Risk By Not Adopting Bitcoin

Nigeria has a troublesome history with the cryptocurrency. A national ban was imposed in the country, only to be removed after a couple of days when BTC’s price rose 46%. The measure caused people to panic buy BTC to protect their savings, businesses, and hedge against the situation described by Okung.

Data from Statista indicates that around $400 million are traded in cryptocurrencies in this country for 2021 alone. This suggests that the Nigerians have a lot of interest in this asset class.

The African country has seen a wave of massive protest, as a report from The Guardian claims. Nigerians have been celebrating Democracy Day and have mobilized to manifest rejection for their government’s bad governance.

The report claims that Nigeria is one of the most corrupt countries around the globe. Thus, seems logical that their citizen has high Bitcoin adoption levels. At the same time, it seems improbable that government officials will give BTC legal tender status. Still, Okung presented his arguments, he seems to understand the benefits for Nigerians and what truly it’s at stake.

(…) a delay in pursuing a national plan for bitcoin adoption will risk a scenario where Nigeria is left behind and its citizens excluded from the possibility of significant wealth creation and preservation.

At the time of writing, BTC trades at $37,464 with moderate gains in the daily chart. BTC experienced high volatility during the weekend. In order for the bulls to take control, the $40,000 resistance must be flipped into support in the short term.

Bitcoin BTC BTCUSD
BTC with moderate gains in the daily chart. Source: BTCUSD Tradingview

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/why-nfls-russell-okung-asked-nigeria-to-adopt-the-bitcoin-standard/?utm_source=rss&utm_medium=rss&utm_campaign=why-nfls-russell-okung-asked-nigeria-to-adopt-the-bitcoin-standard

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How will the drop in this metric affect UNI, CAKE, SUSHI, AAVE?

Bitcoin maximalists are currently gaining from the dropping altcoin market capitalization. Another group in on that is DeFi project traders and HODLers. This weekend, the altcoin market capitalization

The post How will the drop in this metric affect UNI, CAKE, SUSHI, AAVE? appeared first on AMBCrypto.

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Bitcoin maximalists are currently gaining from the dropping altcoin market capitalization. Another group in on that is DeFi project traders and HODLers. This weekend, the altcoin market capitalization dropped further. In the past 7 days, the altcoin market capitalization has dropped along with a drop in altcoin prices. BNB, ADA, DOGE, XRP, DOT and CRV have dropped and this has increased the accumulation, investment inflow.

Low marketcap projects have offered high returns over the past 7 days. There are several factors supporting this narrative. Increasing trade volume of DeFi projects has increased in proportion to altcoin market cap. The demand across exchanges has increased and there is an increase in the number of unique wallet addresses and TVL. This may change the narrative of DeFi to bullish.

High market cap projects may lead to the increase in demand and investment inflow proportionate to the interest of their users. The low market cap projects continue to face a correction when traders exit. The drop in altcoin market capitalization has a direct impact on DeFi users.

Is the diminishing altcoin market capitalization bullish for DeFi

Source: DuneAnalytics

The diminishing altcoin market capitalization has had a direct impact on the investment inflow, the number of traders and the demand across exchanges. This is bullish for DeFi projects as the rising number of users and the metrics related to number of trades, wallets and users indicate a growing interest, investment, institutional investment inflow and growth in DeFi market capitalization.

With the rise in the number of DeFi projects, there is a surge interest from institutions. With the upcoming biggest smart contract event of the year, it is likely that DeFi projects like UNI, CAKE, SUSHI, AAVE that haven’t rallied in the past 2 weeks would rally following increasing demand and popularity, social media mentions.

When the average price chart of these projects is observed, and they are ranked in accordance to their ranking of growth in Active users, there is a strong correlation between users and market capitalization. AAVE, UNI, SUSHI have ranked the highest. Though ranking does not have a direct correlation with social volume and price, it has increased following drop in altcoin market capitalization. This builds a bullish case for DeFi in the following two weeks.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/how-will-the-drop-in-this-metric-affect-uni-cake-sushi-aave

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