Author: blockchainnews

  • VALR Expands Services with TRON Network Support and New TRX Staking Product

    VALR Expands Services with TRON Network Support and New TRX Staking Product

    Johannesburg, South Africa, May 20th, 2024

    VALR, the Pantera-backed crypto exchange, is pleased to announce its support for the TRON network, facilitating quick and easy stablecoin transactions. Additionally, VALR now offers an on-chain staking product for TRON (TRX), providing an annual percentage rate (APR) of up to 3%.

    VALR’s new TRX staking product addresses the needs of users looking to capitalize on staking opportunities without directly interacting with DeFi protocols. VALR’s staking product is a liquid staking solution. This means users can stake, unstake, and restake at any moment, with rewards distributed hourly, enabling them to earn compound yields efficiently. All these features are available within the VALR platform, providing a single-stop solution for users.

    VALR already offers similar on-chain staking solutions for Solana (SOL) and Avalanche (AVAX) and plans to extend these products to more protocols in the near future.

    About VALR

    Founded in 2018, VALR is a global cryptocurrency exchange serving over 1,000 corporate and institutional clients and more than 600,000 traders worldwide.

    Headquartered in Johannesburg, licensed by the FSCA in South Africa, and approved to offer services in Europe, VALR has secured $55 million in equity funding from prominent investors, including Coinbase Ventures, Pantera Capital, and Avon Ventures, affiliated with Fidelity Investments’ parent company.

    VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).

    For more information about staking on VALR, visit VALR Staking. For media inquiries: press@valr.com 

    Contact

    VALR
    press@valr.com

  • Primex Launches Alpha Version of Decentralized Prime Brokerage Protocol on Testnet

    Primex Launches Alpha Version of Decentralized Prime Brokerage Protocol on Testnet

    Tallinn, Estonia, 10th May, 2022,

    Primex Finance, a DeFi platform connecting passive allocators with traders, is launching its first Alpha version on the upcoming testnet. The Alpha offers the vast majority of the features intended for mainnet, marking the last testing stage before full release.

    Primex offers utility to two classes of users: the Lenders and the Traders. Lenders take their assets and supply them into buckets with different assets and trading rules. The rules limit how Traders can use the funds they borrow from these buckets, indicating which pairs they can use and what is their max leverage. 

    The primary benefit for traders using Primex is that they can access leverage trading and other trading tools on-chain, without using derivatives and in a completely decentralized way. Lenders in their turn have an opportunity to generate significantly higher interest compared to regular lending platforms, as it’s backed by trading profits and fees. Because trades are conducted through Primex smart contracts and not their trader personal wallets, the traders do not need to collateralize their margin debt, only lock their initial trading deposit on a Primex smart-contract. This is similar to margin trading on centralized exchanges, where the platforms know that the trading positions will remain liable to liquidation.

    Buckets and Traders in Primex are evaluated by community-nominated notaries, special community members who have the expertise to assess the activity on the platform. High on-chain reputation and history of success makes it more likely that traders will be allowed into riskier buckets. For lenders, higher leverage equals higher yield than on regular DeFi lending platforms, with little added risk.

    The Primex Alpha release includes all the core functionality of the platform, with three initial buckets available for Lenders. These use test ERC-20 tokens that can be minted from the Primex faucet. Lenders can provide funds, see their balances and history of actions. Traders will be able to borrow these tokens and conduct complex trading operations with stop loss and limit orders. While this first stage doesn’t involve real money, attracting testers to use the system and find out potential bugs is critical for the platform’s success.

    “It’s been a few months after we started the development process and finally, we’re launching the Primex Alpha, the first major step toward mainnet launch,” said Vlad Kostanda, co-founder of Primex Finance. “The Alpha includes all the key features for mainnet, offering both Lenders and Traders a fun playground to check out the platform and test its functionality.”

    Primex will also be running its anticipated referral program where all the referred liquidity/trading volume will later be rewarded. The connections between ERC-20 addresses will be stored on-chain in a smart contract.

    ###

    About Primex
    Primex is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments. Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies.

    Contacts

    Co-founder

    • Dmitry
    • info@primex.finance
  • TRON Announces its Collaboration and Investment Initiatives in Suriname

    TRON Announces its Collaboration and Investment Initiatives in Suriname

    Geneva, Switzerland, 4th May, 2022,

    TRON has announced its intentions to explore investment opportunities and promote blockchain technology in Suriname. Delegates from the TRON network visited President Chandrikapersad Santokhi on Thursday, April 28, to introduce its blockchain ecosystem.

    TRON is one of the leading global blockchains with over 90 million users and hosts the largest USDT stablecoin circulation with nearly $42 billion. According to CDS, DNA members Wang Chuanrui, Asiskumar Gajadien, and Latin America General Manager Zyanya Bejarano joined the TRON delegation.

    President Santokhi has assigned the Ministry of Foreign Affairs, International Business, and International Cooperation (BIBIS) the responsibility of establishing structures for cooperation with TRON.

    The Surinamese government will collaborate with the TRON network on blockchain technology and potential use cases in Suriname. The TRON-sponsored mission will proceed throughout the Caricom region to raise awareness of blockchain technology and explore investment possibilities.

    “Blockchain is a decentralized technology for efficiently capturing transactional information in a way that makes it difficult or impossible to modify, hack or tamper with the system. As technology changes, we as a country should not sleep,” said Parliament Member Asiskumar Gajadien referring to the rapidly developing blockchain technology. 

    As the delegation departed Suriname on Friday, April 29, the Ministry of BIBIS will be maintaining the collaborative efforts. TRON is committed to working with Suriname to establish a productive strategic partnership.

    About TRON 

    TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 90 million total user accounts on the blockchain, more than 3.1 billion total transactions, and over $8 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

    Website | Telegram | Medium | Twitter | YouTube | Reddit | GitHub | Forum

    Contacts
    • Yuliana Bravo
    • press@tron.network
  • TRON Announces its Second Blockchain-Based Game — WIN NFT HERO

    TRON Announces its Second Blockchain-Based Game — WIN NFT HERO

    Singapore, Singapore, 28th April, 2022,

    This new addition arrives in the wake of WIN NFT HORSE, TRON’s first GameFi product revealed in November 2021, in an effort to expand its blockchain-based gaming ecosystem.

    WIN NFT HERO is a 3D cartoon-style turn-based strategy game with next-generation features. Players may exchange a variety of heroes and equipment on the market to acquire strong spells and skills, which they can then use to win rewards in combat.

    WIN NFT HERO has several gaming modes, including the multiple-level PvE, PvP one-on-one ladder tournament, PvP multiplayer arena, adventure, etc. Players may construct their own NFT hero by matching and combining what’s available in the game with a content-rich development module. The closed beta of WIN NFT HERO will begin on April 30.

    TRON’s GameFi products are thriving. With the WIN NFT HERO debut on the horizon, WIN NFT HORSE Season 2 has already begun. This second season brings social networking elements to the game, enabling guilds to own their lands, mining assets, etc.

    Also, as part of WIN NFT HORSE’s market expansion strategy, it plans to issue a limited number of Animal Heads-themed NFT horses, inspired by the “Twelve Digital Zodiac Heads” collection from Metapoly XM, a digital art brand under Poly Auction (Xiamen). H.E. Justin Sun, Founder of TRON, recently won the auction of this entire collection for over $1.5 million.

    WIN NFT HORSE recently introduced HOS, the only in-game asset utilized to upgrade or recast racehorses. The game applies HOS in various ways, such as playing roulette. There were concerns about HOS being merely random game points that have no significant in-game value after release. However, it’s worth pointing out that all HOS holders, or players who have staked a specific amount of HOS, are eligible for beta tests and the chance to be whitelisted for NFT items in all future games, including WIN NFT HERO and others in development. In addition, HOS offers its users early-bird discounts on various activities.

    As joint products of TRON, APENFT, and WINKLink, the growing  WIN NFT HORSE and the upcoming WIN NFT HERO are GameFi initiatives that are leading the way to diversify the TRON gaming ecosystem in the metaverse.

    About TRON DAO

    TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 89 million total user accounts on the blockchain, more than 3.1 billion total transactions, and over $8 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.

    Website |Telegram |Medium |Twitter |Youtube

    About WIN NFT HERO

    WIN NFT HERO is a “GameFi + NFT” 3D cartoon-style turn-based strategy game launching soon. WIN NFT HERO is designed to allow the exchange of various heroes and equipment on the market to acquire strong spells and skills, which players can then use to win battle rewards.

    Contacts
    • Billy Chen
    • compliance.dao@gmail.com
  • Qtum Foundation to Plant 100,000 Trees with Binance Charity to Reduce Carbon Footprint

    Qtum Foundation to Plant 100,000 Trees with Binance Charity to Reduce Carbon Footprint

    Singapore, Singapore, 26th April, 2022,

    The Qtum  Chain Foundation announced that they are partnering with Binance Charity to take part in the “Tree Millions” initiative, which aims to plant 10 million trees worldwide. To that end, Qtum Chain Foundation has donated $100,000 USD to Binance Charity towards planting 100,000 trees.

    Qtum Going Green

    Qtum aims to become a completely climate-neutral protocol. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. The Qtum network’s thousands of nodes can be run on devices that consume as little as 10 watts, but a good estimate to go with is 60 watts per node to account for other devices on the network. Qtum estimates that 100,000 planted trees will eventually offset all of the emissions caused since the main network was launched in late 2017, and possibly more.

    “This is a very important initiative for us, and we are proud that we are getting the opportunity to do this with Binance Charity,” said Qtum co-founder Patrick Dai. “Not only does planting 100,000 trees negate our protocol’s carbon footprint, but it’s also a cool initiative towards a greener and a cleaner future.”

    “We’re celebrating April as Earth Month so this timely partnership acts as a reminder to double down on commitments to building a cleaner, healthier planet. Forests are a lifeline to 80 percent of the world’s terrestrial animals and plants, and 1.6 billion people rely on them for their livelihoods. Binance Charity thanks the Qtum team for their commitment to helping vital reforestation efforts and we’re thrilled to see our ambition of 10 million trees planted worldwide come one step closer.” comments Helen Hai, Head of Binance Charity.

    Qtum is also a signatory to the Crypto Climate Accord (CCA). Inspired by the Paris Climate Agreement, the CCA signatories aim to focus on the complete decarbonization of the cryptocurrency and blockchain industry. A goal that Qtum will achieve before the earliest-set goals by the accord.

    ####

    About Binance Charity

    Binance Charity aims to transfer philanthropy by developing a 100% transparent donation platform based on blockchain to build a future where technology innovation is used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind. To date, Binance Charity has supported over 1 million end beneficiaries through various projects.

    For more information, visit: https://www.binance.charity/

    About Qtum

    Qtum (pronounced Quantum) is an independent blockchain that combines the best parts of Bitcoin and Ethereum. The decentralized and public ecosystem runs using an environmentally-friendly proof-of-stake algorithm. Qtum provides a scalable, EVM-compatible smart contract platform on a UTXO-enabled blockchain.

    For more information, visit: https://qtum.org/

    Contacts

    Business Development Manager

    • Mattias Borg
    • mattias@qtum.info
  • KyberSwap Leads DEX Integration with BitTorrent Chain, Providing Liquidity and Accessibility Across All Chains

    KyberSwap Leads DEX Integration with BitTorrent Chain, Providing Liquidity and Accessibility Across All Chains

    Singapore, Singapore, 19th April, 2022,

    – Kyber Network and BitTorrent  Foundation have announced KyberSwap’s integration with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately.
    The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security, and multi-chain capabilities.

    KyberSwap is the leading multi-chain DEX and is the place to trade and earn one of the best  rates in all of DeFi. KyberSwap is a pioneer of concepts such as wrapped BTC (WBTC) and Dynamic Market Making (DMM). Existing chain integrations include Ethereum, Avalanche, Polygon, BNB Chain, Cronos, Fantom, Arbitrum, Velas, Aurora, and Oasis Emerald. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and had facilitated over $8 billion in trading volume.

    As one of the first DEXs to launch on BTTC, KyberSwap provides everything an interoperable chain needs in a DEX along with a comprehensive set of Liquidity Pools, eliminating the need for any other DEXs or aggregators. 

    Already a household name around the world, BitTorrent Chain is an EVM compatible heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts on Ethereum, TRON and BNB Chain. For the period of April 18th to August 17th, 2022, users of KyberSwap and BTTC can participate in more than $1.5M of liquidity mining incentives, with monthly trading competitions, community giveaways, and an exclusive airdrop for all users who participate on-chain with KyberSwap.

    KyberSwap gives liquidity providers (LPs) the opportunity to maximize returns with one of the best trading rates as well as attractive incentives and yields.

    • Amplified Liquidity Pools with high capital efficiency; fewer tokens are required to achieve better liquidity and rates compared to AMMs.
    • Dynamic Fees that react to market conditions and optimize returns for LPs.
    • Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

    With KyberSwap, BTTC users can enjoy one of the best trading and earning experiences and access the full spectrum of multi-chain DeFi capabilities. 

    And that’s not all! Even more integrations, features, and rewards will be coming up soon!

    In addition to the BTTC liquidity mining campaign, KyberSwap is holding a Trading Contest with $30,000 in KNC rewards! KyberSwap users will stand a chance to win $1,000 per week by trading on BTTC!

    Trading Contest: 3 rounds
    1st Round – Apr 18 to Apr 24 

    2nd Round – Apr 25 to May 1

    3rd Round – May 2 to May 8
    *All dates are in SGT (Singapore timezone)

     
    How to win:
    Step 1: Visit kyberswap.com

    Step 2: Ensure you are on the BitTorrent Chain and that you have some BTT tokens in your wallet for gas fees.

    Step 3: Trade ANY tokens

    At the end of each round, the 10 wallets with the highest trading volume will win $1,000 in KNC rewards!
    *All trades must be carried out on kyberswap.com.

    For more information on the partnership, liquidity pools, trading contest, airdrop, and giveaways visit the Kyberswap blog post.

    About Kyber Network

    Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

    KyberSwap powers 100+ integrated projects and has facilitated over US$8 billion worth of transactions for thousands of users since its inception. Currently deployed across 11 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis and BitTorrent Chain.

    KyberSwap | Discord | Website | Twitter | Forum | Blog | Reddit | Facebook | Developer Portal | Github |KyberSwap| KyberSwap Docs

    About BitTorrent Chain:
    BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains.

    Website | Telegram | Medium | Github | Docs

     

    Contacts
    • Teresa X
    • press@bittorrent.com
  • Aleph.im Integrates with Tezos to Provide Resilient Storage Solution for NFTs

    Aleph.im Integrates with Tezos to Provide Resilient Storage Solution for NFTs

    Paris, France, 14th April, 2022,

    Aleph.im, a cross-blockchain decentralized storage and computing network, announced today that it will integrate with Tezos blockchain. In line with Aleph’s previous integrations with blockchains like Solana, Ethereum, and Polygon, the Tezos integration will make it easy for developers building on the Tezos blockchain to seamlessly connect with Aleph’s decentralized infrastructure. Tezos-based dApps and marketplaces will be able to utilize Aleph’s distributed compute and storage nodes, and Tezos NFTs will gain an extra layer of built-in security and permanence through a native backup of corresponding metadata to Aleph’s decentralized network.

    The NFT market generated over $23 billion in trading volume in 2021, and, as the rest of the cryptocurrency market has struggled in early 2022, the NFT space continues to grow in popularity. However, critics of the space are quick to point out that the vast majority of NFTs still direct the end user to data stored on cloud storage networks managed by centralized Web 2.0 corporations like Amazon and Oracle. Not only does this mean that an outage or interruption in service can cause an NFT to be temporarily inaccessible, but in the event a centralized cloud storage network provider were to cease to exist or go out of business, the lack of redundancy in traditional cloud architecture could potentially render crucial NFT metadata nonexistent. Aleph.im addresses these issues directly with their IPFS-connected NFT backup dApp which ‘pins’ crucial NFT metadata more than 50 times to each core channel node of the aleph.im decentralized network.

    Jonathan Schemoul, CEO and Founder of Aleph.im states, “NFT artists, collectors, and traders are just beginning to learn about the risks associated with centralized NFT storage, and, although the details can be dense, it’s likely that many have heard stories of NFTs disappearing or inaccessible. For this reason, we wanted to make it easy for anyone to use Aleph’s NFT backup dApp, and this integration with Tezos has given us a chance to move one step closer to making NFT backup very easy for the average NFT owner.”

    Schemoul acknowledges that typical modern cloud storage solutions are often designed with minimal downtime in mind, but adds, “By pinning copies of relevant metadata to core channel nodes in our network, our NFT backup dApp uses redundancy to curb risk, but in the case of Tezos, we will be integrating the $ALEPH token directly into Tezos NFTs, making it easy for end users to back up Tezos NFTs on the Aleph network.”

    Tezos has gained recognition for being one of the most eco-friendly blockchains through its liquid proof-of-stake consensus mechanism. Unlike other blockchains, Tezos consumes far less energy and provides a congestion-free and cost efficient method to mint, host, and trade NFTs. NFT marketplaces on Tezos will be able to use Aleph.im’s decentralized storage solution to securely store NFTs and their metadata. According to Schemoul, locked $ALEPH tokens embedded into the NFTs offer a simple mechanism designed to pay for storage on Aleph. On the other side, the Aleph.im network also provides a ‘minimum wage’ payment offered to node providers to ensure NFT storage resiliency. Additionally, burning Tezos NFTs will provide the holder with the $ALEPH tokens embedded in the NFT.

    “We are very pleased to be able to collaborate with the Aleph team. The arrival of a new decentralized storage solution on Tezos will attract new entrepreneurs to build innovative projects,” explains Hadrien Zerah, Managing Director at Nomadic Labs.

    Aleph.im most recently became a technology partner for Ubisoft to provide a decentralized storage solution for Ubisoft Quartz NFTs. Aleph.im has also integrated with several other major blockchains including Ethereum, Solana, and Polygon to provide unstoppable storage and indexing solutions. This mass migration to decentralized storage solutions like Aleph.im signals that Web3 as a whole is moving closer to ensuring all crucial data remains fully accessible indefinitely.

    About Aleph.im:  

    Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface. For more information visit aleph.im

    Explore Aleph.im’s indexing solution, staking DApp, and NFT & IPFS Backup dApp.

    Follow aleph.im on Twitter: @aleph_im

    About Tezos: 

    Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.
     

    Contacts
    • Press
    • Info@marketacross.com
  • Long-awaited “Tenderbake” Upgrade Revolutionizes the Tezos Blockchain

    Long-awaited “Tenderbake” Upgrade Revolutionizes the Tezos Blockchain

    Paris, France, 2nd April, 2022,

    Tezos, one of the original and longest running Proof-of-Stake blockchains, has activated the ninth upgrade to the protocol, codenamed “Ithaca 2,” after being voted in by the Tezos community. Ithaca 2 replaces the current consensus algorithm (Emmy*) with Tenderbake – a revolutionary upgrade that sets the stage for a new era of innovation for the Tezos protocol. The new Tenderbake consensus algorithm enables lower block times, which will result in faster transactions and smoother-running applications on Tezos.

    The Ithaca 2 upgrade is an unprecedented achievement for blockchains and open-source decentralized software, and demonstrates the effectiveness of the Tezos governance framework which was created to enable dramatic changes in design. In addition to Tenderbake, Ithaca 2 further prepares the Tezos protocol for ambitious scalability plans such as rollups for WebAssembly and EVM compatibility with pre-checking, a lightweight validation scheme for the mempool which will increase overall throughput. Lastly, the Ithaca 2 upgrade will reduce the requirement to become a network validator (“baker”) by 25% from 8,000 tez to 6,000 tez, strengthening the decentralized nature of Tezos.

    Designed to evolve, Tezos’ advanced governance framework allows it to integrate cutting-edge innovations from across the blockchain industry through its proven self-amendment mechanism. For example, shielded transactions from the Zcash Sapling protocol were introduced in the Edo upgrade, and the consensus algorithm Tenderbake, based on Tendermint from the Cosmos protocol, was introduced in the latest Ithaca 2 upgrade. A scaling announcement from Tezos ecosystem developers in March 2022 outlined proposals for optimistic rollups modeled on Arbitrum, a popular rollup system on Ethereum, and zk-rollups based on leading industry research. With these regular upgrades, Tezos continues to provide both best-in-class core technology and leading features across privacy, scalability, and security.

    Over the last year Tezos has seen booming growth in user activity, with smart contract calls increasing per month from 100,000 in January 2021 to over 6.2 million in January 2022. Tezos continues to see adoption and momentum grow, with landmark technical integrations by leading sports franchises and global brands such as Red Bull Racing, Manchester United, The Gap, Kia and more. By building on Tezos, industry leaders are showing  their confidence in Tezos as the energy-efficient, low cost blockchain of choice for the Web3 revolution.

    The Tezos ecosystem is composed of thousands of builders and creators developing projects at the application layer across arts and culture, financial services, and more. Over the past year the ecosystem has seen adoption flourish as users, developers, brands, venture capital firms, strategic collaborators and others commit resources to build and grow Tezos in new ways.

    Tezos is an energy-efficient Proof-of-Stake blockchain with an average annual energy footprint of 17 individuals. Learn more about Tezos at Tezos.com.

    ###

    About Tezos:

    Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com
     

    Contacts
    • Press
    • Info@marketacross.com
  • BingX Introduces Innovative Spot Grid Copy Trading to Let Anyone Execute Consistent Trading Strategies.

    BingX Introduces Innovative Spot Grid Copy Trading to Let Anyone Execute Consistent Trading Strategies.

    Singapore, Singapore, 29th March, 2022,

    BingX, the leading crypto social trading platform, has introduced a new Spot Grid Copy Trading feature, offering unprecedented flexibility to users.

    As the name suggests, the system combines the benefits of Grid trading with that of Copy trading, using strategies from professional traders to earn money from crypto asset volatility. Grid trading is similar to providing liquidity on AMM DEXs, as it sets up gradual buy and sell orders in a defined range of prices. As long as the price oscillates within the band, users can make reliable profit from these fluctuations.

    The strategies are created by professional traders going through strict screening by BingX. Up to 8% of the followers’ profits will be given to the creator of the strategy, incentivizing them to be as efficient and effective as possible. Users are presented with a choice of multiple strategies, which can be evaluated by investment amounts, past returns, projected annualized returns and many more.

    For new crypto users, the Spot Grid Copy Trading is particularly valuable as it’s fire and forget and easy to set up. The consistent income can be incredibly valuable, especially in a flat ranging market like that of early 2022.

    “We are very excited to launch our Spot Grid Copy Trading Feature. We’ve promised to give our users new cutting edge features throughout 2022 and we are doing just that. In an industry where innovation is at its peak, it is crucial for BingX to remain competitive by way of innovation. Both our product and marketing teams have been working tirelessly behind this scene to add more value for traders with the spot trading arena being the epicenter. We also understand that being a first mover in the industry comes with several advantages which we hope to capitalize on.Users can  look out for more spot trading pairs being listed as well as other new innovative tools from BingX.” – Public Relations & Communications Director at BingX, Elvisco Carrington

    Over 300 spot cryptocurrencies such as Ape Coin, Chainlink, Shakita, STAKE , CVX and IDEX have already been listed on BingX with plans in motion to further optimize the spot investment experience for users.

    About BingX

    Founded in 2018, BingX is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable, and user-friendly venue for users to trade their favorite assets.
     

    Contacts
    • Kim Bazak
    • MarketAcross
    • Kim@marketacross.com