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DAO Token Airdrop and Listing As DAO Maker Launch Their Coin (DAO Token)

Mark Brennan
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DAO Token Airdrop and Listing As DAO Maker Launch Their Coin (DAO Token)

DAO Maker has already revolutionized the well-known ICOs (Initial Coin Offerings) in the last three years. With a sophisticated approach, DAO Maker has managed to bring much more sustainability to the hype surrounding new projects.

With the DYCOs investors are motivated to keep their tokens for longer and to support the Ecosystem. As a result, immense sales after a token listing on exchanges is a thing of the past.


Investors who sell their tokens immediately after exchange listing are punished, such users have to expect a high fee, if they sell within a certain period of time, and do not get access to the next project.

DAO Maker starts the DAO Token

This revolutionary concept has already produced some heavyweights. Among them, Orion Protocol (ORN), one of the most successful projects in the DeFi era.

But now things are going into the hot phase for DAO Maker. As they are launching their cryptocurrency (DAO Token). After the successful private sales rounds, it is now the turn of the community.

There will be no real public sales round. Because DAO Maker has its own community in focus and will reward the users who have actively supported the project in the last 3 months with an air drop.

Airdrop and Listing by DAO

Only the Top 7 Community members will have the opportunity to participate directly in a Public Sale. Places 8-49 will receive a DAO Airdrop of USD 1,000. The top 50 – 100 get 500 USD each in DAO.

DAO Token will be listed on two crypto exchanges. Among the two exchanges that will support DAO token are Kucoin and Gate.io.

Everyone is excited to see how the DAO Maker project will hold it’s DAO token, and keep up to date with the development of the DYCOs.

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5 Altcoins Flying As Bitcoin Breaks All Time High Record

Albert Brown
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5 Altcoins Flying As Bitcoin Breaks All Time High Record

The price of Bitcoin hit a record high after Tesla bought $ 1.5 billion of BTC on February 8. Bitcoin, which rose to $48k on February 9, was followed by some altcoins.

BitTorrent (BTT), Terra (LUNA), PancakeSwap (CAKE), Elrond Gold (EGLD) and DigiByte (DGB) were the most elevated altcoins in 24 hours after Bitcoin increased by more than 21% in 24 hours.


Listed altcoins are cryptocurrencies in the top 100 in terms of market capitalization on CoinGecko.

Let’s examine these 5 altcoins.

BitTorrent (BTT)

  • Current price: $ 0.0015
  • Increase rate within 24 hours: 191%
  • Market capitalization: $913 million
  • Trading volume: $2 billion
  • Circulating/total supply: 659 billion/990 billion
  • Most traded exchange: Huobi

Terra (LUNA)

  • Current price: $4.91
  • Increase rate within 24 hours: 47%
  • Market capitalization: $2.5 billion
  • Trading volume: $1.1 billion
  • Circulating/total supply: 481 million/991 million
  • Most traded exchange: Binance

PancakeSwap (CAKE)

  • Current price: $0.0493
  • Increase rate within 24 hours: 33%
  • Market value: $495 million
  • Trading volume: $71 million
  • Circulating/total supply: 111 million/unlimited
  • Most traded exchange: Binance

Elrond Gold (EGLD)

  • Current price: $186
  • Increase rate within 24 hours: 32.8%
  • MMarket capitalization: $3 billion
  • Trading volume: $ 1.4 billion
  • Circulating/total supply: 17 million/20 million
  • Most traded exchange: Binance

 DigiByte (DGB)

  • Current price: $0.0493
  • Increase rate within 24 hours: 32%
  • Market capitalization: $706 million
  • Trading volume: $180 million
  • Circulating/total supply: 14 billion/21 billion
  • Most traded exchange: Binance

Binance Labs To Invest in Plasm Network Based on Polkadot

Albert Brown
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Binance Labs To Invest in Plasm Network Based on Polkadot

Along with the growth seen in Bitcoin, altcoins are also rising. One of the main altcoins on the market, the DOT token from Polkadot has been growing since the beginning of the year. With a market capitalization of $19.22 billion, the digital asset was trading at $22.20, which is close to the historical high of $24.04.

Because of the popularity of the project, one of the largest cryptocurrency exchanges in the world, Binance took the opportunity to support Polkadot infrastructure projects and startups.


According to a post, Binance Labs has led a $2.4 million Series A funding round for Plasm Network, a scalable multi-virtual machine smart contract platform on Polkadot.

This was Binance’s first $10 million investment in the Binance Labs foundation to support the Polkadot ecosystem. Other notable names that joined Binance in the investment round were HashKey, PAKA Ventures, Digital Finance Group, and LongHash.

According to the head of Binance Labs, Wei Zhou:

We have been very impressed with the growth of the Plasm Network since its launch. This is the first parachain connected to the Rococo-V1 test parachain network, and it is one of the most promising parachain candidates for the main Polkadot network. By investing in and supporting Plasm, we demonstrate our commitment to supporting the growth and development of the Polkadot ecosystem.

Earlier, Binance announced the creation of a $10 million fund to create innovative projects based on Polkadot. This fund acted as a broader commitment within the Binance Launchpool to provide Binance users with decentralized finance [DeFi] capabilities.

Including the Plasm Network, Polkadot supports more than 300 projects in its ecosystem. As the project receives support from Binance Labs, it will focus on its immediate goals. One of these goals was to make Plasm dApps a hub in Polkadot and become the first Kusama and Polkadot parachain.

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The founder of the Plasm Network, Sota Watanabe, stated:

“Together with Binance, we will open the Web3. 0 era.”

Binance Exchange Withdraw Lawsuit Against Forbes Journalists

Mark Brennan
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Binance Exchange Withdraw Lawsuit Against Forbes Journalists

The Binance cryptocurrency exchange has withdrawn a lawsuit against Forbes Media journalists who published defamatory materials discrediting the reputation of the exchange.

About three months ago, Forbes journalists Michael del Castillo and Jason Brett wrote an article detailing the activities of the American branch of Binance. The document presents a scheme codenamed “Tai chi organization”.


According to Forbes authors, the Binance US allegedly circumvents the US regulatory authorities requirements, and redirect the profits to the parent company.

The suspicion of the authors was caused by the fact that the CEO of Binance Changpeng Zhao repeatedly refused to answer questions about where the main office of the Bianance US is located. Earlier, Zhao said that the headquarters and offices have already lost their relevance.

Binance accused the journalists of publishing false statements. Binance US filed a lawsuit against Forbes and its authors to compensate them, and to get the article removed from publication.

The complaint states that Binance US does not violate and fully complies with all applicable laws, rules and regulations. Also, Binance US does not seek to evade the requirements of regulators in any jurisdiction.

In a statement, Binance management announced a voluntary waiver of the claim, without explaining the reasons, but reserving the right to file a second claim.

One of Binance’s lawyers in this case is Charles Harder. He represented the interests of professional wrestler Hulk Hogan against Gawker media organization. Gawker subsequently lost the case and  declared bankruptcy. Forbes communications director Matthew Hutchison said that the publication still adheres to its position and will not be removed from Forbes.

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Recall that last year, 11 class actions were filed in the court of the Southern District of New York against Binance US. The defendants included Binance and its chief executive, Changpeng Zhao, who were accused of failing to comply with securities laws.

Last Week 5 Top Earning Altcoins In The Top 100

Mark Brennan
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Last Week 5 Top Earning Altcoins In The Top 100

As the cryptocurrency market closed the previous week under altcoin rain, Ethereum made new all time highs, and the BTC price rose again to $40 thousand. The total value of DeFi protocols exceeded $34 billion.

The total value of the cryptocurrency sector has jumped to $1.2 trillion. Maker (MKR), UMA (UMA), 0x (ZRX), NEXO (NEXO) and PancakeSwap (CAKE) were the top-earning altcoins in the last week.


During the week, many altcoins refreshed their all time high prices, with the price of the leading altcoin Ethereum (ETH) rising over $1,700. The momentum of the Altcoin season has turned to the side of DeFi tokens.

Among the top 100 cryptocurrencies by market capitalization, these 5 altcoins ended the week on the top gainers list, showing the largest percentage of growth.

Maker

  • Market value ranking: 25.
  • Week Starting price: $2585.
  • Last 7 days increase: 84.3%.
  • Market capitalization: $2.3 billion.
  • Daily trading volume: $794.1 million.
  • Highest price in the last 7 days: $3000.
  • Top 5 Trading platforms: Coinbase, Binance, Uniswap, OKEx, Bitexen.

UMA (UMA)

  • Market value ranking: 36.
  • Starting Price: $29.15.
  • Last 7 days increase: 174.3 %.
  • Market capitalization: $1.6 billion.
  • Daily trading volume: $205.3 million.
  • Highest price in the last 7 days: $34.2.
  • Top 5 Trading Platforms: Coinbase, Balancer, Binance, Sushiswap, Huobi.

0x (ZRX)

  • Market value ranking: 5.
  • Week Starting Price: $1.43.
  •  last 7 days increase: 138.8%.
  • Market capitalization: $1 billion.
  • Daily trading volume: $567.4 million.
  • Highest price in the last 7 days: $1.95.
  • Top 5 trading platforms: Binance, Coinbase, Decoin, OKEx, Bitexen.

NEXO (NEXO)

Market value ranking: 62.

Week starting Price: $1.42.

Last 7 days increase rate: 84.8 %.

Market capitalization: $797.7 million.

Daily trading volume: $26.1 million.

Highest price in the last 7 days:$1.68.

Top 5 Trading platforms: Huobi, Uniswap, HitBTC, Hotbit, BitMart.

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PancakeSwap (CAKE)

Market value ranking: 94.

Week starting price:$3.13.

Last 7 days increase rate: 110.8 %.

Market capitalization: $351.9 million.

Daily trading volume: $54.4 million.

Highest price in the last 7 days: $3.18.

Top 5 trading platforms: Binance, MXC.COM, BKEX, Hotbit, Bithumb.

Cardano (ADA) Surpassed XRP For The First Time In Terms Of Market Capitalization

Mark Brennan
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Cardano (ADA) Surpassed XRP For The First Time In Terms Of Market Capitalization

Developed by IOHK, Cardano (ADA) surpassed XRP for the first time in terms of market capitalization. According to CoinGecko data, the ADA marketcap is worth $21.6 billion and the XRP marketcap is worth $19.9 billion.

While many coins, including Bitcoin, have lost some upward momentum; the ADA price has risen more than 25% in one day. Looking at the charts, it can be seen that ADA price has increased more than 550% in last three months.


This performance made Ada the fourth largest cryptocurrency. Founded in 2017, Cardano thus surpassed XRP for the first time in its history.

The hard fork, named Mary on the Cardano network, was successfully completed on February 3. This is one of the turning points representing the transition from Shelley to the Goguen era. After this hardfork, Cardano aims to strengthen his position in the world of decentralized finance (DeFi).

Read: Cardano’s Benefits For Defi Applications After Mary Hardfork

ADA price was in the $0.30- $0.35 range from New Year’s Eve to February 2. The day before Mary fork, it went above $0.40. This update, which is thought to make Cardano an ecosystem that supports many different assets, carried him up to $0.70.
This update, implemented on the Testnet network, is expected to  transfer on mainnet at the end of February,2021.

IOHK is trying to turn Cardano into an ecosystem that can support different projects and tokens simultaneously. Working towards tokenization, the team follows a different path than Ethereum.

Ethereum-based tokens that follow the ERC-20 or ERC-721 standard use smart contract technology. Cardano, claiming that this is a risky method, and aims to take a different path and compete with Ethereum. Elliot Hill of the Cardano Foundation team explains the difference between the two in the following words:

A smart contract is needed to use a DeFi token on Ethereum-based blockchains. Cardano-based tokens will be based directly on the mechanics of the Cardano blockchain, not on the smart contracts. Eliminating this need for smart contracts means reducing transaction costs and enhancing security.

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Tim Harrison, an IOHK executive, says that this is a technology that is superior to standards such as the ERC-20. Charles Hoskinson, founder of the IOHK Foundation, thinks they will “kick Ethereum’s ass.”

Read: Fundamental Factors In Cardano (ADA) Price Increase

The world’s largest digital asset manager, Grayscale, signaled in a statement that in the first week of 2021 it could set up a private fund for the Cardano. Different crypto assets such as AAVE, Cosmos, EOS, Monero, Uniswap, Polkadot were also named in the application.

In The Microstrategy Bitcoin Conference, Michael Saylor And Microstrategy Did Exceptional Work To Enable Thousands Of Companies To Begin Their Bitcoin Journey

Jakkk
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In The Microstrategy Bitcoin Conference, Michael Saylor And Microstrategy Did Exceptional Work To Enable Thousands Of Companies To Begin Their Bitcoin Journey

MicroStrategy Bitcoin Conference can cause huge BTC price increase. Why?

Michael Saylor and Microstrategy held an online seminar on Bitcoin. More than 20,000 people were registered for the event, including thousands of corporate representatives.

Saylor’s goal was to explain to directors, CEO’s and managers why he believes Bitcoin is essential to their treasury. He also showed precisely what steps he has taken to invest more than USD 1 billion in Bitcoin, without directly affecting the market price.


Yesterday, on the last day of the seminar, apart from Saylor, Some big names from Coinbase, Binance, Kraken, NYDig, Fidelity, Gemini, Grayscale addressed the conference.

“There is a huge macroeconomic wind blowing that will have an impact of $400 trillion in capital. That capital is in fiat instruments that become less valuable. That capital needs to be converted into sound money.” Saylor said.

He said further:

every company has to make one of two choices. Either you have to have less capital overtime, which is a kind of self-destruction, or you have to recapitalize with an asset that will rise faster than the rate of expansion of monetary supply. This is where Bitcoin comes in.

The conference is not only important because Microstrategy bought Bitcoin for more than USD 1 billion, but also Michael Saylor has a convincing way of explaining Bitcoin and its global importance.

It is especially important because during last Sessions Microstrategy and the above mentioned crypto companies showed how to start with Bitcoin and how to invest in it.

Participating companies have the same questions and problems as early-stage private investors: Where should you buy BTC? When do you buy? How do you buy? Dollar cost average? What are the fiscal and regulatory consequences? How do you keep Bitcoin? What will be safety features? How do you integrate Bitcoin into your accounts?

All these questions have been answered by industry experts in the last two days. The companies executives are now armed with all the information they need to allocate part of their treasury to Bitcoin.

Cathie Wood of ARK Invest says:

if all conference listed companies put 1% of their assets in Bitcoin, we can see another $40,000 rise in BTC price.

For many analysts it was clear that private investors and then financial institutions would adopt Bitcoin. There are logical fundamental reasons for this. But many analyst overlooked the importance of institution investors. Now as with time, organizations adopt Bitcoin, Bitcoin’s price will likely increase.

But there is another group coming, and this will probably be the very last group: the central banks. But according to Anthony Pompliano, we are not yet ready to move central banks from fiat to Bitcoin.

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Michael Saylor and Microstrategy are doing exceptional work to train thousands of companies and enable them to begin their Bitcoin journey. This conference will be a milestone and main reasons of BTC adoption by large firms.

Watch Microstrategy conference Videos: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macro-strategy

Six Altcoin Gems That Can Deliver Life-Changing Opportunity

Albert Brown
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Six Altcoin Gems That Can Deliver Life-Changing Opportunity

Six Altcoin Gems that can deliver life-changing wealth to investors this year, according to crypto trader and influencer Austin Arnold.

Altcoin Daily founder and crypto trader Austin Arnold named six altcoins in a video that he believes have the potential to become some of the best crypto investments for the year 2021.

In the video, the influencer tells his 413,000 YouTube subscribers that he is bullish on the indexing protocol, The Graph (GRT). The Graph launched its mainnet last December and has since expanded its services to blockchains such as Bitcoin (BTC) and Polkadot (DOT). If Ethereum turns out to be the global supercomputer, we need something like The Graph to gather all the information on the blockchain.


The second project Arnold is bullish on is Ren (REN). Ren is a Protocol that allows the transfer of crypto Assets between blockchains. The trader cites data from Santiment that whales are accumulating more REN, which may indicate further price increase for the interoperability protocol.

 

Next, Arnold recommends taking a look at the Manta Network. The Manta Network upcoming decentralized exchange focused on privacy that will be built on Polkadot. Manta Network recently raised $ 1.1 million led by blockchain investment firm Polychain Capital.

 

The fourth project on Arnold’s list is the commission-free crypto broker Voyager Token (VGX). Voyager announced that it is planning to expand its platform with features such as debit and credit cards, margin products and a desktop application. Prospects that make the influencer bullish on VGX.

The Youtuber is bullish on the smart contract platform Elrond (EGLD), which has just launched its highly anticipated Maiar Wallet and payment app. The project hopes that this latest implementation will drive user growth and allow them to take on board the next wave of crypto users.

The last on Arnold’s list is among DeFi pioneer Yearn Finance (YFI). Arnold highlighted the project’s decision to mint additional YFI tokens worth $200 million. In other words, according to the influencer, the YFI community, which manages governance, has uniformly decided to print more money for itself. Arnold speculates on what this decision means for the Yearn ecosystem. Obviously, he sees this as a healthy development for the project.

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Yearn Finance last night fell victim to an exploit that cost the stakers over $11 million. Nevertheless, the YFI price seems to recover quickly from the hack.

Watch Austin Arnold Video:

Of course, all assessments of the influencer are pure speculation. In my opinion, his list leaves many projects from the DeFi sector, which carry immense potential.

The DeFi sector in particular has produced a number of projects that generate impressive cash flow and offer interesting investment opportunities that traditional company do not provide.

This article is for information purpose only and not a financial advice. Please always do your own research before investing in any financial instrument.

Japan’s Financial Giant SBI Started XRP Lending Services

Albert Brown
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Japan’s Financial Giant SBI Started XRP Lending Services

Japan’s financial giant SBI Group has started offering lending services through XRP. SBI VC Trade users will earn passive income through the XRP they will invest in the company.

SBI Group, which backed Ripple in the SEC lawsuit, has opened up a new scope of use to XRP owners. XRP users will be able to invest in the company and earn interest on XRP.

Limit up to 100 thousand XRP

According to a press release published on February 4, users will be able to deposit up to 100 thousand XRP. SBI announced the minimum lending amount at 1,000 XRP. Users will be able to use the lending service for 84 days.


VC Trade, which is affiliated with SBI Group, launched lending transactions on Bitcoin in November last year. Founded in 2016, VC Trade aims to grow lending services through XRP.

SBI backs Ripple in SEC case

SBI Group has sent several support messages to Ripple, who is accused of selling unregistered securities by the SEC. Explaining that XRP is not considered security in Japan, SBI Group defended its partner against this policy, which the SEC followed.

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Dogecoin Is The People Crypto-Elon Musk’s Tweets Again

Mark Brennan
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Dogecoin Is The People Crypto-Elon Musk’s Tweets Again

Elon Musk posted a series of tweets about the Dogecoin cryptocurrency, after which Dogecoin price rose from $0.040 to $0.059 in no time.

Dogecoin has increased more than 300% in a week.
Last week, the Tesla founder posted the word “Bitcoin” in his Twitter profile. As a result, the Bitcoin price jumped to $37,000 from $32000.


Now Musk has removed Bitcoin and started posting tweets related to Dogecoin. First, the head of Tesla tweeted “Doge,” and a few minutes later added a few more sentences: “Dogecoin is the people’s cryptocurrency,” then “No ups and downs, only Doge.”

Such statements by Musk led to an increase in the price of Dogecoin in a matter of minutes. At the time of writing, the coin is trading around $0.0479.

 

Musk also believes that Bitcoin is already on the verge of widespread adoption in the financial sector. A few days ago, Musk called himself a Bitcoin supporter, regretting that he did not buy bitcoin as soon as he learned about it. To date, the market capitalization of Bitcoin exceeds $700 billion, and its price continues to stay within $35,500 to $37000 range.

This is not the first time Elon Musk has expressed sympathy for Dogecoin. In December, he also tweeted just the word “Doge” as the coin’s price jumped more than 200%.

Read: Elon Musk Recent Response About Bitcoin And Dogecoin-Do The Billionaire Own Dogecoin

Read: Elon Musk And Dogecoin-Influencers Heat Dogecoin Roller Coaster Ride

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