LTO Network (LTO) will introduce the new token economy till the end of June. As it was previously announced the project is considering a deflationary token model. It means that the token supply will be gradually reduced.
OTC desk Bering Waters: “Arweave (AR) is one of the most undervalued assets in the current market”. Berlin-based Arweave (native token AR) has built a pioneering blockchain protocol offering permanent data storage. First incubated by TechStars, backed from near-inception by 1kx, has then drawn investment from Andreessen Horowitz, Union Square Ventures, Multicoin Capital and Coinbase Ventures.
Bering Waters: “Arweave offers a rare opportunity to invest alongside some of the world’s top venture capital funds in a project with a low market capitalization, without counterparty risk thanks to the immediate transferability of the coins, before the token’s official listing, and at a price relatively close to the private round's price.”The project fundamentals are analyzed in Bering Waters Data Sheet distributed to its clients.
Arweave’s competitors include Filecoin (implied valuation at ICO price is $10bn) and Sia. At current OTC market prices, Arweave’s valuation is below $60 million. The Arweave network has a maximum circulation of 66 million AR coins. AR has been traded on the OTC market since 2018, and unofficially listed on a few exchanges with low volumes in recent months, however the official listing is yet to be announced — this is a highly anticipated event.
Bering Waters is an institutional OTC Desk based in Hong Kong specializing in unreleased tokens and blocks of liquid altcoins with a 2+ year track record. Please contact Bering Waters to secure your investment in AR, or in any other coin that is yet to be distributed, or yet to be listed. www.beringwaters.com Telegram: @BeringWaters #promo
Ankr launched node hosting solutions for TomoX and Elrond. Users can now deploy TomoX nodes and launch their own Decentralized Exchange in minutes and run it on the Ankr platform. Eariler today Ankr has entered into a strategic partnership with Elrond to enable easy and affordable node deployment for Elrond mainnet nodes on the cloud platform.
Derivatives volume increased 32% in May to an all-time high, totalling $602B. The total spot volumes increased 5% to $1.27tn in May. Derivatives represented 32% of the market in May (vs 27% in April). Data source: CryptoCompare.
Bithumb will offer Tachyon Protocol (IPX) staking as of June 8. Tachyon Protocol is a decentralized internet protocol co-launched by V SYSTEMS and X-VPN. Bithumb introduced staking on its platform in April this year. IOST and LUNA were available for staking till today.
BitMax has launched Copy Trading Service on June 4th. The Copy Trading Service allows the user to follow selected model trader’s trading activities, view their trading history, rankings, risk profile and other performance information, and copy the selected trader’s trading strategies. At the moment only BTC/USDT perpetual contract available for copy trading service, cash and margin trading will become available at a later date.
Bitstamp will list XLM and PAX in June: the fist new assets on platform since Dec 2017. Both new assets will be paired with USD, EUR, BTC and GBP and the trading will start on June 10th for PAX and on June 17 for XLM. Previously In March this year Bitstamp released a list of assets that platform exploring for possible listing. BAT, ETC, USDC, ZEC and ZRX were mentioned in addition to XLM and PAX. Till today only BTC, ETH, XRP, LTC and BCH were available for trading on Bitstamp. Bitstamp is one of the oldest crypto exchanges. It was launched in 2011.
Binance US will list Matic (MATIC) on June 5th. Trading for MATIC/USD and MATIC/BUSD trading pairs will open on Friday, June 5th, 2020 at 9:00am EST / 6:00am PST. It will be the first U.S. based exchange for Matic.
A self-custodial exchange DeversiFi (former Ethfinex) relaunched on June 3. DeversiFi 2.0 was built using the StarkWare Layer-2 scaling engine, and optimised using ZK-STARKs and zkRoll-up technology. The exchange is aiming to attract professional traders looking for self-custodial exchange. Nectar (NEC) will remain a native token of the platform. Up to 50% of DeversiFi trading fee revenue will be used to buy back and burn Nectar tokens.
Top 20 most discussed new coins in Twitter in May 2020. Only coins first time listed in 2019-2020 were analyzed. The chart below based on the number of mentioning of 150 new coins in Twitter and shows % of mentioning of each new coin.
MATIC was the most discussed new coin in May. KAI after recent pump entered the list for the fist time. CHZ climbed to 4th position from 19th place. ERD, HBAR, STX are back in the list. VIDT entered the list for the first time.
Top 20 most discussed cryptocurrencies in Twitter in May 2020. In the chart below you can find % of mentioning of each coin from top 150 list in Twitter in May. ZIL, MATIC and ICX are among the coins with the highest growth in mentioning compared to April.
LTO Network has burned 50M LTO from the foundation allocation or 11% of total supply. According to the recent blog post the total supply has forever been reduced to below 404M LTO. LTO have a fixed token supply but in upcoming token economics upgrade, the asset might actually become deflationary.
KuCoin’s derivatives trading platform KuMEX rebrands as KuCoin Futures. The platform was introduced in July 2019 and supported Bitcoin perpetual and quarterly contracts and USDT-Margined perpetual contracts. Alongside with the rebranding, KuCoin Futures will launch the ETH perpetual contract with 100x leverage.
Binance Savings will close its Matic (MATIC) savings product today at 12:00 PM (UTC). MATIC is available as 7d savings product with 10% annualized interest rate on Binance Savings. The subscription period will expire on June 3, 12:00 PM (UTC).
OKEx will host initial exchange offering of WaykiChain Governance Coin (WGRT) on June 17. OKEx will be using proportional sale model. It is worth to mention that with this sale model a user will get a tiny % of desired allocation. In order to participate users will have to hold 100+ OKB during 5 days period or to have 5+ BTC accumulative spot trading volume.
Bitcoin price has dropped from 10,4k to $9.4k during several minutes. The most interesting moves were on trading platforms that offer BTC futures. Comparing the lowest levels on BTC Futures platforms during first minutes of the dump.
AVA Labs will integrate Chainlink’s real-time price data to power decentralized and institutional finance on AVA. AVA Launched its final incentivized testnet with 2M AVA as rewards on May 29. AVA mainnet launch is expected in July this year.