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The WTF token airdrop got off to a wild launch

The WTF token airdrop got off to a wild launch. Users reportedly lost thousands of dollars, while one bot disappeared with 58 ETH.

Fees.wtf is a simple service that shows Ether (ETH) users their lifetime spending amount on Ethereum blockchain transactions by measuring gas. You plug in your wallet address on its website, and it tells you how much gas you spent.
The project released its WTF token in an airdrop Friday. Essentially, users were able to claim WTF tokens as well as a “Rekt” nonfungible token (NFT) for 0.01 ETH. The Rekt NFT grants lifetime access to the pro version of Fees.wtf.

Discord announcement

According to its Discord announcement, the initial launch planned to offer 100 million WTF, and the “circulating supply will be the main attraction in the tokenomics.” However, it didn’t quite go as planned.
Following frantic trading behavior between bots in the opening hours of the airdrop, one bot ran off with a reported 58 ETH, or $180,000. According to Etherscan, 58 ETH was drained from the Wrapped ETH (wETH) and WTF liquidity pool.

Social media respond

Social media channels were quick to respond because many airdrop participants lamented losing thousands of dollars in ETH. The WTF team chimed in two hours after the airdrop to calm their ranks:
“Immediately on launch there was only a tiny bit of liquidity and there were ape bots that were chucking in 100s of ETH into a pool with an ETH or two of liquidity. They also had high slippage and ended up being sandwiched by the other bots which essentially drained all their ETH.”

liquidity pool

Basically, within five minutes of the token launch, poor liquidity pool management from the WTF developers left the liquidity pool exposed. As there was low liquidity, bots were able to manipulate the price of WTF to then sell for wETH.
The bots battled it out until one winner took home the pot. In effect, the bot stole from users who provided liquidity to the pool, trying to claim their WTF tokens and Rekt NFT. The victor managed to send an “ultra-fast transaction at 3,000 Gwei,” making a 6x return on their initial investment.

The WTF team

The WTF team sent out another Discord update two hours after the airdrop, stating, “The core contracts are all fine, this was a war on Uniswap.” The team added, “We hope no one was affected by it.” However, as has become a common occurrence in airdrops of late, many users lost a lot of money.
The price graph of the token since launch paints a thousand words. The initial spike shows the bot activity swiftly followed by a 10x loss in value.
The official WTF Discord group is brimming with users sharing stories of losing money. Some are “shaking” with rage, while death threats and lawsuit claims are rife.

Etherscan transaction

One Etherscan transaction points to one user losing 42 ETH, or $135,000, for 0.000044170848308398 WTF, effectively $0.01.
As daylight dawns on the project, some Twitter users have called out the project as a Ponzi scheme. The referral element to the project is spurious. Referrers of the WTF project claim 50% on fees “to make wtf go viral,” while the WTF team earns 4% from each transfer. In total, the WTF team claimed almost half a million United States dollars in token transfer fees in a little over eight hours.
Twitter user Lefteris Karapetsas didn’t mince his words:


The WTF project states merely that the supply of tokens is “deflationary” and that 40 million WTF tokens will go to its treasury. There is not a great deal of detail regarding the token distribution. Twitter user Meows.ETH concluded their Twitter thread with a zen approach to the controversial project launch:
“If you were fortunate enough to claim a big amount of $WTF and cash it out for a profit, be happy. Unless you’re attempting to bot the initial liquidity, don’t FOMO into buying a newly launched altcoin with high slippage.”
Source of this news: cointelegraph.com
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Last News on Defi: Near Protocol collects $150M to develop Web3 adoption

Near Protocol collects $150M to develop Web3 adoption

Web3 Adoption

Ethereum competitor Near Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the PoS blockchain.

Proof-of-stake blockchain Near Protocol has raised $150 million in seed investments to accelerate the adoption of Web3 technologies. The team announced that the fund would be used to develop regional hubs and raise awareness for blockchain and decentralized tech.

Near Protocol Goal

Near Protocol aims to use the fresh funds to foster the adoption of Web3. According to the announcement, the funding will be used to “help billions of people learn and use blockchain.” With this, projects building on the Near blockchain will have the opportunity to connect with new audiences.
The investment round was led by hedge fund Three Arrows Capital, with additional participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th Man Ventures, and Circle Ventures. MetaWeb.VC, Near’s ecosystem fund, also participated in the seed round. Additionally, angels Alan Howard, Santiago Santos, and Aave founder Stani Kulechov joined the funding.
“We are excited to support the NEAR team and ecosystem as they scale blockchain applications,” said Kyle Davies, co-founder, and chairman of Three Arrows Capital.

Near Protocol’s Technologies

Meanwhile, Amos Zhang, founder of MetaWeb.VC expressed his support by saying that Near Protocol’s technologies are great for fostering blockchain adoption. “NEAR is best suited for empowering blockchain applications for mainstream adoption,” said Zhang.
Back in 2021, Near protocol allotted $800 million for new initiatives to fund the acceleration of decentralized finance while noting evidence that the decentralized finance market is still in its early stages. The move aims to encourage developers by adding incentives to build on the Near blockchain.

Cardano-based stablecoin hub Ardana

Late last year, Near also partnered with Cardano-based stablecoin hub Ardana. The collaboration aims to create a bridge infrastructure that will allow users to transfer assets from the Near Protocol to fellow proof-of-stake blockchain Cardano. With this, Near tokens will also serve as collateral on the Ardana platform to mint stablecoins.
Source of this news: cointelegraph.com
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Premia Defi Coin Protocol Review: Legit or Scam?

Premia Defi Review

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Premia Defi Coin Scam or Premia Defi Coin Legit?

What are you going to find about Premia Defi Coin Protocol Review?

Premia Defi Coin is one of the Defi Tokens that you should have information about. This is Premia Defi Coin review. We are giving you information about whether is Premia Defi Coin Legit or is Premia Defi Coin scam. This is a review that helps you to know Premia Defi Coin Token. Here is Premia Defi Coin Protocol Review that you should read before engaging in this project:

The live  Premia Defi Coin price today is $0.428496 USD with a 24-hour trading volume of $63,455.08 USD. Premia is up 0.98% in the last 24 hours. The current CoinMarketCap ranking is #3509, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 PREMIA coins. If you would like to know where to buy Premia Defi Coin , the top exchanges for trading in Premia are currently Hoo, Sushiswap, and 1inch Exchange. You can find others listed on our crypto exchanges page. Premia is a collection of DeFi Smart Contracts on the Ethereum Blockchain delivering Financial Instruments as a Service to Users. Premia Phase 1 will look to deliver functionality to underwrite financial contracts traditionally known as Physically Settled, American Style, Covered Call, and Put Options.

Essential Information

Support 24/7
Token Name Impermax Finance
Source Code Click to See
Contract Address N/A
Website Link Home
Max Supply 100,000,000
Circulating Supply N/A
Twitter Group Click to See
Whitepaper Whitepaper

More about Premia Defi Coin Protocol Review:

Premia Defi Coin next-generation options AMM enables best-in-class pricing based on market volatility, bringing fully-featured peer-to-pool trading and capital efficiency to DeFi options.

Explore Premia

A game-changing and intuitive take on decentralized options.

Trade options

Buy and sell options using Premia’s state-of-the-art automated peer-to-pool market-making algorithm.

Earn Yield

Earn top of the market yield on your favorite DeFi assets by underwriting on-chain options and other baskets of structured finance products.

Hedge Risks

Protect your assets against market volatility, ensure your gains.

A defi-native options architecture

Market Sensitive Pricing

Premia Defi Coin state-of-the-art pricing model ensures fair pricing for buyers and sellers based on the market’s supply and demand.

Crowd-Sourced Learning

They use a continuous on-chain reinforcement learning algorithm to converge to the optimal market price and liquidity utilization rate.

Capital Efficient Markets

Premia Defi Coin’s highly capital efficient market ensures even less liquid tokens converge to a fair market price, requiring the least amount of capital.

Values

Take part in discourse with a knowledgeable and active network of individuals. Explore open opportunities to take part in building the next generation of decentralized finance. Build the next generation of financial infrastructure with permissionless access to everyone. Provide open access to state-of-the-art research and innovation in decentralized finance.

The key problems Premia solves compared to other peer2pool options protocols:‌

  • Market-driven option pricing
  • Liquidity pool utilization
  • Risk management for liquidity providers

Key Premia innovations are:‌

Market-driven options pricing

Pools take into account the relative supply and demand of capital within each pool, ensuring a market-clearing options price can be reached. This ensures optimal pool utilization.

Liquidity sensitive return to LPs

Premia Defi Coin Returns on liquidity are priced according to the demand/supply of capital in a pool. Larger demand means higher option prices, which means a greater return to LPs.

Granular liquidity provision –

LPs have control over which markets they underwrite, as opposed to underwriting the entire market. LPs can implement customized strategies in liquidity provision.

Self incentivizing initial liquidity –

The pricing mechanism incentivizes liquidity providers to enter a pool from the time it’s launched, to get the highest returns. This ensures lower slippage by the time the first options are bought from the pool.

Dynamic Premia token rewards –

Option buyers and liquidity providers receive $premia tokens in rewards. The amount rewarded depends on the size of their position and the demand/supply of capital, incentivizing convergence towards a market-clearing price.

Smart liquidity pools –

Premia Defi Coin can lock funds in smart pools, that will strategically distribute funds across the base level Put/Call pools. Smart pools can embed various strategies and dynamic adjustments. Anyone can create a smart liquidity pool in a permission-less way.

With our data, you can see that Premia Legit or Premia scam.

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Premia Defi Coin Scam or Premia Defi Coin  Legit?

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TokenPocket Defi Coin Protocol Review: Legit or Scam?

TokenPocket Defi Review

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TokenPocket Defi Coin Scam or TokenPocket Defi Coin Legit?

What are you going to find about TokenPocket Defi Coin Protocol Review?

TokenPocket Defi Coin is one of the Defi Tokens that you should have information about. This is TokenPocket Defi Coin review. We are giving you information about whether is TokenPocket Defi Coin Legit or is TokenPocket Defi Coin scam. This is a review that helps you to know TokenPocket Defi Coin Token. Here is TokenPocket Defi Coin Protocol Review that you should read before engaging in this project: The live TokenPocket price today is $0.028713 USD with a 24-hour trading volume of $2,632,265 USD. TokenPocket is up 5.47% in the last 24 hours. The current CoinMarketCap ranking is #340, with a live market cap of $99,533,396 USD. It has a circulating supply of 3,466,457,400 TPT coins and a max. supply of 5,900,000,000 TPT coins. If you would like to know where to buy TokenPocket, the top exchanges for trading in TokenPocket are currently Gate.io, ZT, Uniswap (V3), BKEX, and Hoo. You can find others listed on crypto exchanges page. Launched on 07/14/2020, TPT refers to TokenPocket Token, an applicational token representing TP users and developers’ rights in the TP ecosystem. TPT is also an important link among the wallet, users, and developers.

Essential Information

Support 24/7
Token Name TokenPocket
Source Code Click to See
Contract Address N/A
Website Link Home
Max Supply 5,900,000,000
Circulating Supply 3.47B TP
Total Supply
Whitepaper Whitepaper

More about TokenPocket Defi Coin Protocol Review:

Make Blockchain Happen Everywhere

Multi-chain, security, and convenience, the portal of DApp.

Multi-chain, Easy to Use

TokenPocket Defi Coin support all the leading chains/cryptocurrencies (Bitcoin, Ethereum, EOS, Polkadot, TRON, BSC, HECO, IOST, Cosmos, Binance, BOS, MOAC, and Jingtum)

Trade Anytime, Anywhere

Buy/Sell, Cross Chains Tokens Swap and Decentralized Exchange, All in Here.

Open-Sources and Safety

The private key is stored in your device and protected with many layers of encryption.

The Portal of DApp, Have Fun with DApp

You can discover the latest and hottest DApps here Find your game pals Supports over 2200 DApps They have brought over 250 million EOS volume to the community

Download TOKEN POCKET

TokenPocket is a world-leading digital currency wallet, supporting public blockchains including BTC, ETH, BSC, HECO, TRON, OKExChain, Polkadot, Kusama, EOS and Layer 2. It provides reliable digital currency asset management services for nearly 10 million users from more than 200 countries and regions. TokenPocket Defi Coin is a trusted multi-chain wallet that supports multi coins. You can store, send and receive your Bitcoin (BTC), Ethereum (ETH), EOS, TRON (TRX), IOST, Cosmos, and Biance (BNB) easily. With its powerful Web3 browser, you can interact with Decentralized Applications (DApp) and trade your ERC20 tokens, BTC, and EOS in decentralized exchanges (DEX), play blockchain games directly inside the wallet. You can also get free airdrop, get your staking reward through some (PoS) mining pools and join the Decentralized Finance (DeFi) like MakerDAO.

Features of the Multi-Crypto Wallet

1. An open-sourced decentralized wallet, keep your cryptocurrencies safe • It is an open-sourced and non-custodial decentralized wallet that stores your private keys on users’ devices, you can store, send and receive all your tokens within the wallet. • With the “Observation Mode” of TokenPocket, you can access any cold storage wallet – Trezor, Ledger, Yubikey, etc without exposing your private key. You can track all the transactions of your digital assets in a safe and secure method. • We use advanced biotechnology to ensure the safety of your assets, we can still provide you with secondary protection even if your phone is unlocked. 2. A trust wallet recognized by Block One, the official developer of EOSIO • As the largest EOS wallet, TokenPocket is recommended by the EOSIO Labs • The awesome tools developed by TokenPocket are listed on the developer center of BlockOne.

List of Supported Crypto Coins:

TokenPocket Defi Coin Bitcoin(BTC), Ethereum(ETH), IOST(IOST), Cosmos(ATOM), TRON(TRX), Binance Coin (BNB), Bitfinex LEO Token (LEO), ChainLink Token (LINK), HuobiToken (HT), Maker (MKR), USD Coin (USDC), Crypto.com Coin (CRO), VeChain (VEN), Ino Coin (INO), BAT (BAT), Paxos Standard (PAX), Synthetix Network Token (SNX), TrueUSD (TUSD), ZRX (ZRX), HoloToken (HOT), Reputation (REP), OmiseGO (OMG), SeeleToken (Seele), Mixin (XIN), Bytom (BTM), EnjinCoin (ENJ), Zilliqa (ZIL), OKB (OKB), KyberNetwork (KNC), Tether(USDT), WINK(WIN).

List of Supported Crypto Wallet Capabilities:

Bitcoin Wallet (BTC), EOS Wallet (EOS), Ethereum Wallet (ETH), TRON Wallet (TRX), Binance Wallet (BNB), Cosmos Wallet (ATOM), IOST Wallet (IOST), BOS Wallet (BOS), MOAC Wallet (MOAC), Jingtum Wallet (SWTC). With this app, you can enter and explore the blockchain world by importing or creating a wallet easily in the TokenPocket. If you have any questions, please contact via service@tokenpocket.pro

Community

Developers

Find TokenPocket Defi Coin open-source projects here, Wallet, Kafka_Plugin, MiniWallet SDK, and Mobile SDK.

Recognitions

TokenPocket is listed as one of the Universal Authenticator Librarys on EOSIO Labs.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

With our data, you can see that TokenPocket Legit or Rocketpool.net scam.

——————————————- In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages, and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com NOTE: reviewscenter.net is not a financial and investment system and it never enters into the investment services’ area. Our main task is to provide the correct payment for HYIPs and their related data. reviewscenter.net has no responsibility for your investments. Do your investment with more observation and investigation.

TokenPocket Defi Coin Scam or TokenPocket Defi Coin  Legit?

Read more projects: Our Last Defi Project: Rocketpool.net Defi Coin Check Out Paying Hiyps  The Most Recent Defi News The Latest Article: What will be the market Bitcoin Price in 2022

Rocketpool.net Defi Coin Protocol Review: Legit or Scam?

Rocketpool.net Defi Review

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Rocketpool.net Defi Coin Scam or Rocketpool.net Defi Coin Legit?

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Rocketpool.net Defi is one of the Defi Tokens that you should have information about. This is Rocketpool.net Defi review. We are giving you information about whether is Rocketpool.net Defi Legit or is Rocketpool.net Defi scam. This is a review that helps you to know Rocketpool.net Defi Token. Here is Rocketpool.net Defi Protocol Review that you should read before engaging in this project:

Rocketpool.net (RPL) is a cryptocurrency and operates on the Ethereum platform. Rocket Pool has a current supply of 17,922,514.606585 with 10,279,742.404181 in circulation. The last known price of Rocket Pool is 19.00907388 USD and is up 2.66 over the last 24 hours. It is currently trading on 15 active market(s) with $1,743,481.68 traded over the last 24 hours.

Essential Information

Support 24/7
Token Name Rocketpool.net
Market Cap
Contract Address N/A
Website Link Home
Max Supply 17,922,515
Circulating Supply 10,279,742.40 RPL
Twitter Group Click to See
Whitepaper Whitepaper

More about Rocketpool.net Defi Protocol Review:

Stake your ether

Deposit as little as 0.01 ETH and instantly receive the rETH token which represents a tokenized staking deposit and the rewards it gains over time network. This token does not need to be locked to gain rewards and it can be traded/sold/held as the user desires, all from the moment they deposit ETH.

Staking made easy! No need to run a node yourself, set up monitoring, or do anything else complicated. Just deposit and receive rETH instantly.

Deposit safety is enabled through socialized losses. This means that your deposit cannot be assigned to a “bad node” — all rETH holders share the risk of nodes being slashed or penalized equally. If a node fails, all holders lose a tiny amount of value, rather than one unlucky person losing everything.

Stake + Run Node

Run your own node and stake your own ETH in the Rocketpool Defi Coins network free from any commissions the network charges + gain extra rewards from the network generating a higher ROI than you would staking solo.

Are you a SaaS provider or similar service that has ETH and wishes to generate a higher ROI and keep control over your own nodes? Stake this ETH in the Rocket Pool network with your own hardware and have full control.

Only a minimum of 16 ETH is required to become a validator in the Rocket Pool network. That’s half of the amount required if you want to solo stake. You can even stake multiple amounts of 16 ETH on your own node easily if you wish.

Network Capacity

Node operators earn a commission from deposits that are sent to the network for staking. It is variable and determined by the current capacity of the network to receive a new deposit, the number of deposits currently awaiting assignment, and the number of node operators with the capacity to receive these deposits. An example of two scenarios where the amount might be low and might be high:

Low Commission:

Rocketpool.net Defi Coins network has a lot of node operators with space to accommodate deposits and you have a small deposit to make, the network can easily absorb this, so the network utilization commission is low.

High Commission

The network has few node operators to accept deposits, so node operators that come online during this time to meet demand can receive a higher commission. This extra capacity needed can come from a very large deposit, a backlog of queued deposits awaiting assignment, or a combination of both.

Features

Tokenised staking

A first for ETH2! A token that represents a staking deposit + rewards it gains overtime in the Rocket Pool network. Can be used just about anywhere.

Smart contracts

Rocketpool Defi Coins All contracts in Rocket Pool are open source and have been built using a design methodology that allows them to be easily & seamlessly upgraded.

Smart nodes

With custom node software, any user/business/group can run a node in our network, stake their own ETH for free, and generate a higher PoS return.

Minimized Deposit risk

Any losses that occur from bad nodes for stakers who deposit ETH are socialized across the whole network to minimize impacts on any single user.

infrastructure

Network redundancy and decentralization are key pillars of the Rocket Pool network. Any potential issues and their effects are minimized using this technique.

Experience

Rocket Pool was originally designed in late 2016 using the Mauve Paper which was released by Vitalik. We’ve been in the space now longer than most, and it shows.

Security

Node operators who are staking ETH can provide the network and its users with an additional security promise to make sure the network is as efficient and secure as possible. To do this the node operator can choose to stake RPL on their node contract and provided they have at least 1 minipool validator running, can earn an extra security commission rate.

Commission from rewards earned on the network would be proportionally split between all users who stake an amount of RPL on their node, failure to provide this additional security can result in that users RPL being burned proportionally to the penalties or from slashing occurring to deposits on this node while performing Ethereum consensus duties.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

With our data, you can see that Rocketpool.net Legit or Rocketpool.net scam.

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages, and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enters into the investment services’s area. Our main task is to provide the correct payment for hyips and their related data. reviewscenter.net has no responsibility for your investments. Do your investment with more observation and investigation.

Rocketpool.net Defi Coin Scam or Rocketpool.net Defi Coin  Legit?

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Ethereum’s DeFi Dominance at Risk

Appearing a Big Risk at Ethereum’s Defi Dominance

Ethereum’s defi dominance in one of the hottest corners of cryptocurrency is at risk of being further eroded as competitors push deeper into decentralized finance, according to JPMorgan Chase & Co.
Until the final phase of Sharding, which JPMorgan described as the “most critical” development for scaling the Ethereum network, arrives in 2023, the network’s 70% market share in DeFi could continue to drop, analysts led by Nikolaos Panigirtzoglou wrote in a note Wednesday.

The “optimistic view about Ethereum’s dominance is at risk,” Panigirtzoglou wrote. Scaling, “which is necessary for the Ethereum network to maintain its dominance, might arrive too late.”

Ethereum has been a dominant force

Ethereum has been a dominant force in crypto for several years now, and its Ether token is the No.2 cryptocurrency behind Bitcoin by market value. But its share of total value locked in DeFi, which was nearly 100% at the beginning of 2021, fell to around 70% over the course of year, JPMorgan said.

Waning enthusiasm for the Ethereum blockchain could dent the price of Ether, which has more than doubled in the past year.

Ethereum’s losing market

Panigirtzoglou added that a “rather problematic” aspect of the situation for Ethereum is that it’s losing market share mostly to other independent Blockchains, rather than those that rely on Ethereum’s own Layer 1 network for their security.

Ethereum competitors that are gaining the most market share, like Terra, Binance Smart Chain, Avalanche and Solana, have been receiving large amounts of funding and using incentives to boost usage in their own ecosystems, JPMorgan said. So it’s possible that competitors’ ecosystems will have grown so much that activity won’t return en masse to the Ethereum network after its scaling is completed.

Ethereum’s Price

“In other words, Ethereum is currently in an intense race to maintain its dominance in the application space with the outcome of that race far from given, in our opinion,” according to the note.

Ether’s price has risen about 220% in the past year, while Solana is up 7,000%. And Avalanche 2,200%, according to pricing from CoinGecko. While far outpaced by its smaller rivals, Ether has still comfortably outperformed Bitcoin.

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DeFiChain Coin Protocol Review: Is DeFiChain Defi Coin Legit, Is DeFiChain Defi Coin Scam?

DeFiChain Defi Review

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DeFiChain Coin Scam or DeFiChain Coin Legit?

What are you going to find about DeFiChain Coin Protocol Review

DeFiChain Coin is one of the Tokens that you should have information about. This is  DeFiChain Coin review. We are giving you information about whether is DeFiChain Defi Coin Legit or is DeFiChain Coin scam. This is a review that helps you to know DeFiChain Defi Coin Token. Here is DeFiChain Defi Coin Protocol Review that you should read before engaging in this project:

The DeFiChain Foundation is developing DeFiChain, a blockchain specifically dedicated to decentralized financial applications. By focusing on the functionality of the blockchain and dedicating it specifically to decentralized finance, DeFiChain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of financial services on the blockchain.

eFi Blockchain is a decentralized blockchain platform specifically dedicated to enable fast, intelligent, and transparent decentralized financial services, accessible by everyone, everywhere. Running on a proof-of-stake consensus mechanism, it features proven security and immutability by anchoring its most recent Merkle root to the Bitcoin blockchain every few minutes. The platform also features unparalleled high transaction throughput for all transactions, and reliable decentralized governance, on and off-chain.

Essential Information

Support 24/7
Token Name DeFiChain
Price $3.10 USD
Contract address N/A
Website Link Home
Total DFI Burned 228.48 MDFI
Circulating Supply 300,511,840.00 DFI
Max Supply 1,200,000,000
Whitepaper Whitepaper

More about DeFiChain Review:

Native Decentralized Finance for Bitcoin.

A blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone.

The Post-Fintech Revolution

From trust-based to trust-less, decentralized finance overcomes what Fintech could not solve in traditional finance.

Benefits of DeFiChain.

Variety

DeFiChain Wide range of crypto-economic financial operations.

Throughput

Unparalleled high transaction throughput for all transactions.

Security

Turing-incomplete for reduced attack vectors.

Development

Rapidly create a variety of DeFi apps on one chain.

Governance

Reliable decentralized governance, on and off-chain.

Immutability

Immutable by anchoring to the Bitcoin blockchain.

Designed and engineered for decentralized finance dApps

Lending

Borrow and lend through collateralized systems.

Wrapping of tokens

DeFiChain Work with a variety of cryptoassets, directly, on-chain.

Pricing oracles

Collect data from other chains and non-crypto markets.

Exchanges

Direct peer-to-peer trading between cryptocurrencies.

Transferable debts and receivables

DeFiChain Work with transparency not possible with institutions.

Non-collateralized debt

Loans based on reputation and verifiable credentials.

Asset tokenization

Tokenize equity, real estate, and other holdings.

Distribution of dividends

Automatic investment payouts with smart contracts.

Built-on-Bitcoin

DeFiChain marries the best of Proof-of-Stake, with the security and immutability of Bitcoin.

Decentralized and distributed

DeFiChain nodes are distributed globally across datacenters in the US, Canada, Europe, India, Singapore and Australia.

The Problem

Today, almost all financial services are run by banks. Investments, for example, by definition, is the use of capital to earn more capital. Investors use a bank to put their money into interest or dividend-making instruments in order to grow their wealth. The problems with financial services are increasingly becoming obvious to everyone: compounded costs due to middle(wo)men, slow transactions, delays for cross-border transactions, and inaccessibility to many sectors of the population. A myriad of fintech solutions have been brought in to improve the system, but fundamentally the underlying banking system is still in control, so fintech has brought only limited improvements.

Cryptocurrency and Decentralized Finance (DeFi) offer a way to start with a new system, circumventing the difficulties faced in changing the finance industry. While crypto has attracted billions in investments, decentralized financial services are lagging. When it comes to investment in cryptocurrency, crypto investors can buy and sell, but that’s it. The cryptocurrency itself cannot be invested in the same way fiat currency can be. Initial attempts to create peer-to-peer lending and asset tokenization so far have proven partial and unreliable, so investors have extremely limited options when it comes to an investment of their cryptoassets. The potential is enormous to provide financial services in crypto, the same way they are offered in fiat currency.

The Solution

DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. DeFiChain is a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security.

The function set includes among others:

  • Decentralized lending
  • Decentralized wrapping of tokens
  • Decentralized Pricing oracles
  • Decentralized exchanges
  • Transferable debts and receivables
  • Decentralized Non-collateralized debt
  • Asset tokenization
  • Distribution of Dividends

The state of DeFi

The current state of Decentralized Finance (DeFi) is populated by general purpose blockchains, most of which provide Turing-complete command sets for the development of smart contracts on the chain. While appropriate for many programming languages, this dogmatic pursuit of Turing-complete smart contracts languages has resulted in a variety of problems when it comes to scalability, security and robustness of the blockchains.

  • The sheer mass of dApps on networks such as Ethereum, EOS and TRON have potential (or proven) impact on other dApps on the network. The most obvious example was when CryptoKitties ground the Ethereum network practically to a halt. While some of the faster-throughput networks say this can’t happen, it will be some time before any other network reaches the critical mass of apps on Ethereum so that we can prove whether this is or isn’t the case.
  • For serious financial type dApps, it’s important to know that the network is being maintained and managed in a responsible and secure manner. Having a blockchain that is swamped with games, gambling and other types of less “mission critical” apps will ultimately influence the development and direction of the blockchains. With governance models that allocate power to masternodes, dev groups, and token-holders, the core development team will ultimately be influenced by the biggest players. Decentralized Finance apps can’t afford the potential consequences of sharing a blockchain with anyone who chooses to use that operating system.
  • Using Turing-complete command sets requires programmers to create complex programs to develop any kind of app. For example, to create a peer-to-peer lending contract on top of MakerDAO, a programmer requires approximately 2000 lines of code. Any bug in that code can cause loss of the funds, or some other consequence. Maintaining such a large code base intrinsically means larger chances for mistakes and a large attack surface for even simple apps.

Benefits of DeFiChain: Summary

  • Development of a variety of financial operations & vehicles for cryptocurrency economy.
  • High throughput for all transactions
  • Safer, more secure blockchain specifically for decentralized finance..
  • Rapid development of dApps for decentralized finance.
  • Peace of mind that the blockchain is not used for any types of non-financial dApps, thus decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else.
  • Rapid development of dApps with dedicated calls specifically for finance applications.
  • Minimal attack surface of financial smart contracts developed on the platform.
  • Reliable governance (off-chain and on-chain).
  • Highly immutable – by periodic anchoring to Bitcoin blockchain.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

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Could Legacy Brand RadioShack Redefine Itself Through… DeFi?

RadioShack was a technology hallmark in the late 1990s. Big box stores dominated the emergence of new technological innovations when personal computers, cell phones, printers, and the like all started to hit the market and were host to a fast race to be a leader in innovation.

However, in recent years, big-box presence has dwindled, and RadioShack has been largely seen as a legacy brand that failed to shift to consumer demand – investing in brick and mortar without optimizing their online shopping experience.

Could the century-old consumer goods brand keep it’s heart pumping through… Defi?

RadioShack Is Now A Defi Product?

RadioShack’s website is now front and center an announcement for a new Defi protocol, which will host the RADIO token. A waitlist is available for early notifications, Discord and Telegram communities are established, and yes – there’s a RadioShack DeFi whitepaper on Github. The platform will look to infuse the RADIO token as a ‘hub’ of essentially a hub-and-spoke model that takes a unique approach relative to traditional DEX’s:

Oh, and you can still shop online for your technology hardware needs too.

It’s the latest unique and unexpected twist in crypto, as DeFi continues to have a strong performance to close out the year. Protocols that have a major emphasis on DeFi products, including the likes of Avalanche (AVAX) and Terra (LUNA) have entered the top 10 in crypto market caps recently.

According to the RadioShack whitepaper, Polygon (MATIC) will be a chain that will look to integrate in it’s ‘Starfish Topology’. | Source: MATIC-USD on TradingView.com

Related Reading | Community Voted, Why Uniswap Will Be Deployed On Polygon

Looking Ahead

Yes, brand engagement in crypto (most notably NFTs) has been ramping up immensely in recent months. However, this move admittedly wasn’t on our shortlist when 2021 was getting started. It’s a bizarre brand entry from a company image that was basically on life support.

According to the refreshed RadioShack website, the endeavor is being spearheaded by long-time social media personality Tai Lopez and business partner Alex Mehr. The two will start off the platform with a swapping feature. According to the whitepaper, the platform will look to leverage retail ecommerce ventures (and still lists platform partners in the traditional retail space, including Pier 1, Linens N Things, and Stein Mart) and will bring in DeFi protocol Atlas USV for protocol liquidity.

Can’t say I expected to see a DeFi protocol that had Pier 1 as a listed partner anytime soon, but again – nothing should really surprise us in this space anymore. Who knows, maybe Blockbuster NFTs and Bed Bath ‘N Beyond blockchain loyalty reward programs are on the horizon.

At this point in crypto, anything is possible.

Related Reading | To Ban Or Not To Ban? Russia Concerned About Growing Crypto Transactions

Featured image from Fortune.com, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
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NFTs win, DeFi loses, rest remains unchanged

The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance.
The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges for the crypto industry: To convince regulators, legislators and the public that it does not facilitate money laundering.
The guidance is particularly concerned with the parts of the crypto industry that have recently brought about significant regulatory uncertainty including decentralized finance (DeFi), stablecoins and nonfungible tokens (NFTs). The guidance largely follows the emerging approach of U.S. regulators toward DeFi and stablecoins. In a positive note for the industry, the FATF is seemingly less aggressive toward NFTs and arguably calls for a presumption that NFTs are not virtual assets. The guidance, however, opens the door for members to regulate NFTs if they are used for “investment purposes.” We expect this guidance to add fuel to the NFT rally that has been underway for the majority of 2021.

Expanding the definition of virtual asset service providers

The FATF is an intergovernmental organization whose mandate is to develop policies to combat money laundering and terrorist financing. While the FATF cannot create binding laws or policies, its guidance exerts a significant influence on counter-terrorist financing and anti-money laundering (AML) laws among its members. The U.S. Department of the Treasury is one of the government agencies that generally follows and implements regulations based on the FATF’s guidance.
The FATF’s much-anticipated guidance takes an “expansive approach” in broadening the definition of virtual asset service providers (VASPs). This new definition includes exchanges between virtual assets and fiat currencies; exchanges between multiple forms of virtual assets; the transfer of digital assets; the safekeeping and administration of virtual assets; and participating in and providing financial services relating to the offer and sale of a virtual asset.

Once an entity is labeled as a VASP, it must comply with the applicable requirements of the jurisdiction in which it does business, which generally includes implementing Anti-Money Laundering (AML) and counter-terrorism programs, be licensed or registered with its local government and be subject to supervision or monitoring by that government.
Separately, the FATF defines virtual assets (VAs) broadly:

“A digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.” But excludes “digital representations of fiat currencies, securities and other financial assets that are already covered elsewhere in the FATF Recommendations.”

Taken together, the FATF’s definition of VAs and VASPs seemingly extends AML, counter-terrorism, registration and monitoring requirements to most players in the crypto industry.
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Everything you need to know about non-fungible tokens or NFTs

Impact on DeFi
The FATF’s guidance regarding DeFi protocols is less than clear. The FATF starts by stating:

“DeFi application (i.e., the software program) is not a VASP under the FATF standards, as the Standards do not apply to underlying software or technology…”

The guidance does not stop there. Instead, the FATF then explains that DeFi protocol creators, owners, operators or others who maintain control or sufficient influence over the DeFi protocol “may fall under the FATF definition of a VASP where they are providing or actively facilitating VASP services.” The guidance goes on to explain that owners/operators of DeFi projects that qualify as VASPs are distinguished “by their relationship to the activities undertaken.” These owners/operators may exert sufficient control or influence over assets or the project’s protocol. This influence can also exist by maintaining “an ongoing business relationship between themselves and users” even when it is “exercised through a smart contract or in some cases voting protocols.”
In line with this language, the FATF recommends that regulators not simply accept claims of “decentralization and instead conduct their own diligence.” The FATF goes so far as to suggest that if a DeFi platform has no entity running it, a jurisdiction could order that a VASP be put in place as the obliged entity. In this respect, the FATF has done little to move the needle on the regulatory status of most players in DeFi.

Impact on stablecoins

The new guidance reaffirms the organization’s previous position that stablecoins — cryptocurrencies whose value is pegged to a store of value such as the U.S. dollar — are subject to the FATF’s standards as VASPs.

The guidance addresses the risk of “mass adoption” and examines specific design features that affect AML risk. In particular, the guidance points to “central governance bodies of stablecoins” that “will in general, be covered by the FATF standards” as a VASP. Drawing on its approach to DeFi generally, the FATF argues that claims of decentralized governance are not enough to escape regulatory scrutiny. For example, even when the governance body of stablecoins is decentralized, the FATF encourages its members to “identify obliged entities and … mitigate the relevant risks … regardless of institutional design and names.”
The guidance calls on VASPs to identify and understand stablecoins’ AML risk before launch and on an ongoing basis, and to manage and mitigate risk before implementing stablecoin products. Finally, the FATF suggests that stablecoin providers should seek to be licensed in the jurisdiction where they primarily conduct their business.

Impact on NFTs

Along with DeFi and stablecoins, NFTs have exploded in popularity and are now a major pillar of the contemporary crypto ecosystem. In contrast to the expansive approach toward other aspects of the crypto industry, the FATF advises that NFTs are “generally not considered to be [virtual assets] under the FATF definition.” This arguably creates a presumption that NFTs are not VAs and their issuers are not VASPs.
However, similar to its approach toward DeFi, the FATF emphasizes that regulators should “consider the nature of the NFT and its function in practice and not what terminology or marketing terms are used.” In particular, the FATF argues that NFTs that “are used for payment or investment purposes” may be virtual assets.
While the guidance does not define “investment purposes,” the FATF probably intends to encompass those who buy NFTs with the intent to sell them at a later time for a profit. While many buyers purchase NFTs because of their connection with the artist or work, a large swath of the industry purchases them because of their potential to increase in value. Thus, while the FATF’s approach toward NFTs is seemingly not as expansive as its guidance for DeFi or stablecoins, FATF countries may rely on the “investment purposes” language to impose stricter regulation.

What the FATF guidance means for the crypto industry

The FATF guidance closely tracks the aggressive stance from U.S. regulators concerning DeFi, stablecoins and other major parts of the crypto ecosystem. As a result, both centralized and decentralized projects will find themselves increasingly pressured to comply with the same AML requirements as traditional financial institutions.
Moving forward, DeFi projects, as we are already seeing, will burrow deeper into DeFi and experiment with new governance structures such as decentralized autonomous organizations (DAOs) that approach “true decentralization.” Even this approach is not without risk because the FATF’s expansive definition of VASPs creates issues with key signers of smart contracts or holders of private keys. This is particularly important for DAOs because signers could be classed as being VASPs.
Given the expansive way that the FATF interprets who “controls or influences” projects, crypto entrepreneurs will have a tough fight ahead of them not only in the United States but also around the world.
This article was co-authored by Jorge Pesok and John Bugnacki.
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Borderless Capital and Algorand projects

Borderless Capital is looking to use its $500 million funds to back projects powering the “next generation” of decentralized projects on the Algorand blockchain.
Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain.
According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand.


The firm highlighted nonfungible token (NFT) and decentralized finance (DeFi) projects in particular, noting that it is looking at opportunities to “disrupt the creators economy” with NFTs while accelerating the growth of funding into Algorand’s DeFi ecosystem.
The move from Borderless comes in the same week that former Citi executive Matt Zhang introduced Hivemind Capital Partners on Nov.29, a $1.5 billion multi-strategy fund focused on promising crypto plays such as infrastructure projects, virtual worlds and programmable money. As part of the announcement, it was also revealed that Hivemind’s first technology partner is Algorand.
Algorand is an open-source decentralized blockchain that was launched in mid-2019 by computer scientist Silvio Micali. The blockchain was designed for speed, security and stability and has been touted as an Ethereum competitor amid ALGO’s surging growth in 2021.
“Algorand is the most efficient next-generation blockchain software in the market right now, and it is the next frontier for investment opportunities and disruption,” said Arul Murugan, the founding managing partner at Borderless Capital.
The new $500 million fund adds to $400 million worth of Alogrand focused funds that Borderless Capital already manages. Earlier this month the firm closed a $10 million fund focused on PlanetWatch, a decentralized air quality monitoring network built on Algorand.
According to data from DeFi Llama, Algorand is currently ranked as the thirty-sixth largest blockchain in terms of total value locked (TVL) in DeFi at $97.4 million. The top project on the network is Yieldly (YLDY) which offers a suite of DeFi apps and has a total TVL of $68.4 million.
Coingecko shows that the price of ALGO is up 470% over the past 12 months to sit at $1.86 at the time of writing. ALGO’s all-time high was more than two years ago, briefly topping $3.50 in June 2019 before sharply crashing below the $1 mark.