You may or may not have used Cryptology as a digital asset trading platform yet. However, there are several reasons why you should. Let’s explore some of those reasons next to provide our readers with a better idea of what is on offer here.
Cryptology is One of the Leading Online Platforms for Trading Crypto Assets
Cryptology came into existence roughly five and a half years ago in 2017. Although they only dealt in a handful of coins back then, the spot exchange has grown to cover almost all major stablecoins and altcoins. Prime examples would be Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), TRON (TRX), ZCash (ZEC), Tether (USDT), Stellar (XLM), Polkadot (DOT), and DAI. If you buy stablecoins like USDC, EURS, or DAI on the Cryptology futures exchange, you would be creating an avenue for earning an incredible 15% APY on them.
Experienced traders will find the grid bots on Cryptology to be quite helpful in creating tight spreads and maintaining high liquidity. For futures, grid bots can be used quite extensively as market makers, especially since the leverage they offer can go as high as 100x the investment made.
Join Cryptology as a Trader and an Affiliate Partner
Traders who don’t have a trading account on the exchange yet should most definitely establish a verified account with them, but verification is not immediately necessary to become an affiliate partner. Visit Cryptology, click on Become an Affiliate, and then follow the onscreen instructions.
If you are accepted as an affiliate partner by Cryptology, you will be sent a personalized link. This is the affiliate link that your referred clients must follow to the site for you to be recognized as the referring affiliate partner. Use email, social media, and private messaging to make sure that everyone relevant receives the link to follow. Relevance is a big factor to ensure that at least a few of your referrals do end up trading on Cryptology.
Guide your clients to make sure that their trades are profitable. If they are not profitable, clients will be less inclined towards making further investments. If you are a financial expert and/or accountant in charge of your client’s deposits, forming an intrinsic strategy for creating long-term gains in futures can be incredibly profitable, albeit risky.
55% Commission on the Spot Exchange?
55% commission on the spot exchange may sound too high, but that’s only because it is indeed the highest commission rate offered by a crypto asset exchange right now. In fact, every affiliate partner will also receive 35% from their referral’s futures transactions on cryptology, which is also the highest in today’s market.
However, these are not the standard rates, but limited time offers. After 30th June 2022, the commission rates will decrease by 5%. Keep in mind that even 50% on spot exchange transactions and 30% on the futures exchange is quite a bit higher than the standard commission rates. Nevertheless, the fact that Cryptology affiliate partnerships are valid for life, that’s 5% per transaction you will be losing for each referral that you don’t make within June 30th. The affiliate commission rate on earned interest and sub-affiliates will remain at a steady 10%.
Security, Withdrawals, and Customer Support
You will need a verified account to trade and withdraw money from your account, which in itself is telling that the platform takes online security and ID verification seriously. Every transaction you conduct on Cryptology is encrypted in accordance with the highest industry standards to secure all financial data of their clients from hacking attempts. If any trader needs further assistance, they can easily reach out to customer support from their website or via the mobile app. Cryptology offers 24/7 customer support in 15 different languages, which makes sense, given that they are an international exchange.
Passive income refers to earnings you get from your dormant assets, even when you are practically doing nothing
KuCoin, one of the top cryptocurrency exchanges in the world, offers a wide array of passive income opportunities to willing crypto investors
In addition to offering different classes of financial products, KuCoin makes earning passive income in crypto super easy and super-cheap
KuCoin passive income opportunities can help you maintain stability and earn more, irrespective of prevailing market conditions
If you’ve been trading or investing in cryptocurrencies, you will understand when someone says the market is brutal. Recently, the market experience a shocking bearish trend as the biggest cryptocurrencies by market capitalization — Bitcoin and Ethereum — declined heavily. Of course, other altcoins followed swiftly.
While the market is recovering slowly, experienced investors understand that pulling out quickly is never the best option. Finding ways to earn passive income, on the other hand, is a far better option. Regardless of the market situation, it is possible to make passive income in crypto. It will help you survive bearish trends and enjoy bigger returns during bullish market runs.
We can’t overemphasize the importance and benefits of earning passive income in cryptocurrencies. Passive income sources, for instance, limit your risks significantly. You also don’t have to do much when you opt for the right passive income products/services on reputable platforms. Here, we will discuss passive income options on KuCoin, as well as why they may be right for you.
In simple terms, passive income means continuous income earned with little or no effort. Most often, it refers to income made from assets or enterprises that an individual is not actively involved in. Passive income comes mostly from investment, and there is a need for the flow to be consistent before it qualifies as a truly passive income source.
Within the cryptocurrency universe, passive income mostly refers to income traders/investors make from their relatively dormant assets, while doing practically nothing. It is more like the income you earn when you let your digital assets work for you. Ideally, it is a guaranteed income that doesn’t rely on your activities or the direction of the market.
One of the great things about passive income opportunities in the cryptocurrency space is that they help investors and traders survive the uncertainties that plague the market. Even during bearish markets, passive income sources help traders earn a stable income without risking their assets. By subscribing to a passive income product, you can be sure of earning returns without touching your capital in any way.
Passive income options in the crypto space also help beginners to stay afloat, regardless of market conditions. As we already know, the cryptocurrency space is tough. It is often tougher for beginners who are yet to understand different strategies of trading and investing. However, with passive income products, even a newbie can start their crypto journey on a profitable note.
Crypto Passive Income and KuCoin
While most cryptocurrency platforms offer passive income products, KuCoin seems to be above everyone in many respects. Commonly called the “People’s Exchange”, KuCoin has a lot to offer for all kinds of users, especially those who aim to earn passive income in crypto.
Before we delve fully into the passive income options on KuCoin, it is important to provide some key information about the exchange.
KuCoin is a top 5 cryptocurrency exchange in terms of traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. It is also referred to as the top altcoin exchange, boasting over 700 digital assets and more than 1,200 trading pairs. It has more than 18 million users in 207 countries and regions around the world.
KuCoin is a highly successful crypto exchange not just because of the number of assets and trading pairs it lists. The exchange offers a full range of services, including Spot trading, Margin trading, Futures trading, P2Pfiat trading, Staking, and Lending services, among others. As the “People’s Exchange”, KuCoin is built for all classes of cryptocurrency investors.
As hinted earlier, KuCoin has several passive income-earning opportunities. In fact, the exchange’s model is designed in such a manner that it prioritizes users. It offers several rewards, and many come in the form of passive income earnings. KuCoin was named the Best Crypto App in 2022 for enthusiasts by The Ascent.
Why Make Passive Income with KuCoin?
With several other cryptocurrency platforms offering different passive income-making opportunities, why should you choose KuCoin? Well, there are several reasons to do that but we will focus on the most important ones.
For a start, KuCoin is not called the “People Exchange” for nothing. It was actually built to serve its users and reward them immensely. The reward system is in such a manner that everyone will eventually get rewarded, regardless of experience level and how much they’ve invested. The opportunities are genuine and everyone is treated fairly.
Another good reason to choose KuCoin ahead of the others for passive income earning is the sheer number of passive income opportunities. There are several products that will suit different classes of investors, and KuCoin encourages everyone to get in and earn something meaningful.
Another big reason why many crypto users choose KuCoin when they aim to earn as much passive income as possible is the ease of earning. Frankly, the platform makes it super-easy for anyone to get in and start earning with whatever they can afford to invest. You may be carried away by the array of opportunities you will find after you register, but bigger and better opportunities await.
Besides the opportunities for making passive income, KuCoin offers many more attractive features. It offers a wide assortment of crypto exchange and investment services with a high level of security. In addition to being a secured and reliable exchange, KuCoin offers all its services for low fees.
KuCoin’s Low-Risk Options to Earn Passive Income in Bear Markets
As we’ve stressed already, KuCoin offers several passive income-earning opportunities. Here, we will briefly discuss the currently available options.
It should be noted that these options are not just ideal for the bear market. Yes, they are low-risk passive income options that can help you survive the bear market, but they can also be immensely helpful during a bullish market.
Without further ado, here are the top passive income options on KuCoin:
KuCoin Lending
The first of many passive-income yielding products on KuCoin is the ending service. Simply called KuCoin lending, the service allows users to lend their crypto assets to other users for interest. It is actually a peer-to-peer platform where users lend to or borrow from one another. The loans are issued at market-based interest rates, without the involvement of a third party.
There are many impressive things about KuCoin lending besides the fact that it yields competitive interest income. It supports over 100 tokens and has millions of users. KuCoin Lending is well-regarded for being a transparent platform that offers speedy transactions. It is also fraud and risk-proof, meaning you can lend your asset and earn passive income with peace of mind.
KCS Bonus
KCS Bonus is probably the most innovative passive income-generating product in the crypto space. It is a unique incentive mechanism that automatically generates passive income for anyone who decides to support the KuCoin ecosystem by holding its native currency KCS. It is created to reward KuCoin holders and KuCoin ecosystem builders.
To start earning passive income from KCS Bonus you just need to hold at least 6 KCS tokens. You will other users to share 50% of KuCoin’s daily trading fee revenue. It is that simple – you just buy and hold, at least, six KCS tokens and start earning without doing anything else or even locking your asset. Of course, how much you will earn will depend on the size of your KCS holding.
KuCoin Earn
KuCoin Earn is officially described as a one-stop wealth management service platform where KuCoin users will find a variety of financial products that yield passive income. Some of its most prominent services include flexible savings, staking, Polkadot, and ETH 2.0. All these services come in both flexible and fixed terms, and the nature of the product you subscribe to determines the amount of passive income you will earn.
As a standalone platform, KuCoin Earn stands tall among passive income-generating platforms in the crypto space. The number of available products and the level of flexibility make it second to none. From time to time, users can find different attractive promotions that yield higher returns. It is also a highly secured and reputable wealth management portal.
Trading Bot
All thanks to an incredible trading bot, KuCoin makes it possible for users to earn from trading activities without actually doing any trading. The profits from the trading activities are classified as passive income basically because the asset owner doesn’t take part in the trading activities. The trading bot takes all the decisions and executes profitable trades regularly. You won’t sweat to break even and earn a steady income.
The trading bot on KuCoin is an automated tool that can execute trades on your behalf. However, you will need to list and provide the assets you need the bot to trade. You will also provide desired entry/exit conditions and indicate how often you want the bot to place trades based on your preset strategies. You can go to sleep and expect the bot to generate returns consistently.
KuCoin Affiliate Program
KuCoin rewards users who help to promote and grow the ecosystem through its affiliate program. It is another avenue for users to earn passive income after taking a few steps to promote the “People’s Exchange”. The KuCoin Affiliate program is open to a wide range of interested individuals, including content creators and promotion agents/institutions.
As a KuCoin user, earning passive income through the affiliate program is super-easy. You just need to create a unique referral link and share it with friends and associates. Anyone who joins KuCoin from your referral link will be classified as your invitee, and their activities on the platform will generate passive income for you. You can receive as much as 40% of their trading fees as compensation. You will even earn sub-affiliate/second-level commissions when your invitees refer other people to the network.
Wrapping Up
Considering the nature of the cryptocurrency market, passive income-generating opportunities are life-savers. Finding the right passive income-generating products will help you survive the market at all times. During favorable market conditions, passive income earnings will boost your overall return and crypto holding significantly.
We’ve stressed here that KuCoin has the best passive income-generating products in the industry. We’ve also discussed these opportunities clearly. Regardless of your inexperience level in the crypto market, you can benefit from the products and tools discussed above. However, you should research deeply and confirm that a certain passive income product is right for you before subscribing to it.
Futures are a type of financial derivatives that oblige parties to buy or sell a specific commodity, asset, or security at a predetermined future date for a set price. Since the financial contract allows investors to make a profit regardless of the way the market prices move, it is not surprising that futures are one of the most popular investment instruments, both in traditional finance and in crypto.
Binance Futures is the largest futures trading platform in the blockchain industry in terms of trading volume, user activity, and the sheer number of supported crypto assets. According to data from crypto tracking website CoinCodex, Binance’s futures trading platform regularly facilitates more trading volume per day than the next four exchanges combined.
In this article, we are going to examine the benefits of Binance Futures and take a look at its core features. But first, we will explain what are stablecoins and why are they important when it comes to futures trading.
Stablecoins are digital currencies that have their value pegged to the price of another currency, asset, or commodity. In some cases, their peg can be managed by smart contracts which automatically control their circulating supply based on supply and demand dynamics.
While fiat-pegged stablecoins, like Binance USD (BUSD) and Tether (USDT), are the most popular, precious metals- and crypto asset-pegged stablecoins are gaming in popularity, especially in recent years.
Stablecoins can at all times be redeemed at a 1:1 ratio for the assets they are tracking. For instance, 1 BUSD can be redeemed for 1 USD, 1 PAX Gold for 1 fine troy ounce of gold, and so on. Their price stability makes stablecoins an excellent choice when transacting value across cryptocurrency platforms, exiting cryptocurrency positions, earning interest on crypto savings, and when in need of stable collateral while derivatives trading.
In general, stablecoins belong to one of the three categories when it comes to the asset they are collateralized with. Fiat-collateralized stablecoins are – as the name suggests – backed by fiat currencies and cash-like reserves. Crypto-collateralized stablecoins are backed by one or a collection of crypto assets.
Last but not least, algorithmic stablecoins are backed by arbitrage and other market mechanisms. In practice, this can make algorithmic stablecoins more prone to lose their peg, as was the case in May 2022, when Terra Classic (LUNC) ecosystem’s leading stablecoin USTC collapsed due to increased selling pressure.
What is BUSD?
BUSD is a fiat-collateralized stablecoin pegged to the value of the US dollar. First launched in September 2019, the BUSD stablecoin has since emerged as one of the most popular stable digital currencies in the industry. As of June 2022, BUSD is the third largest stablecoin, boasting a market capitalization of over $17 billion.
BUSD was developed in partnership with Binance and Paxos, a New York-based financial institution and technology company specializing in blockchain. The USD-denominated stablecoin received a regulatory stamp of approval from the New York State Department of Financial Services (NYDFS).
Here’s a quick summary of BUSD’s main features:
Developed in a joint effort by Binance and Paxos
One unit of BUSD is equivalent to one US dollar
BUSD is fully redeemable for USD at all times
Each BUSD in circulation is backed by a corresponding amount of USD reserves
The BUSD stablecoin is audited on a monthly basis in accordance with strict regulatory standards
Supported on more than 60 cryptocurrency exchanges and over 20 blockchain wallets
Can be used to trade with multiple contracts simultaneously thanks to Binance’s Multi-Assets Mode
Using BUSD as collateral when trading with Binance Futures
Binacne allows futures traders to invest in derivative contracts of USDⓈ-M Futures and COINⓈ-M Futures variety. The latter are denominated and settled in digital currencies (think BTC, ETH, etc.), while the former are denominated and settled in stablecoins. There are two types of USD-M futures available to Binance traders – USDT- and BUSD-margined.
The benefits of using BUSD-margined contracts include lower maker and taker fees and support for going long (predicting a future price increase) or short (predicting a future price decrease) on a wide variety of supported cryptocurrencies:
Here’s a table comparing potential savings when using BUSD-margined contracts instead of USDT-margined contracts. Note that the example below shows a position worth $100,000. For a complete breakdown of USDT and BUSD Futures trading fees, click here.
Maker Fee
Taker Fee
BUSD Pairs
-0.01% (Rebate $10)
0.017% (Cost $17)
USDT Pairs
0.02% (Cost $20)
0.04% (Cost 40%)
Total Savings
$30
$23
In addition to unlocking lower trading fees, BUSD can be used to generate passive income streams via Binance’s suite of Flexible and Fixed savings products, to participate in yield farming liquidity pools, and as an investment vehicle for promising blockchain projects hosted on Binance’s Launchpad and Launchpool platforms.
How to trade BUSD-margined futures?
In order to trade BUSD-margined futures, or use any of Binance’s products and services, you need to create an account on Binance. After that, you can proceed to the Binance Futures marketplace.
The BUSD-M Futures can be accessed right from the Binance homepage (see the image below). Keep in mind that perpetual contracts (futures contracts without expiry date) are the only type of futures available when using BUSD as a settlement asset.
When on the Futures main trading screen, you will find different crypto/BUSD pairs in the upper left corner of the screen (highlighted in yellow in the image below). When entering a futures position, you can pick between Cross margin and Isolated margin modes (highlighted in blue). To trade with leverage and magnify exposure to market volatility, Binance lets traders select a leverage level between 1x and up to 125x.
In the section on the right side of the trading screen (highlighted in red), users can specify various order paraments, including order types, take profit and stop loss levels, and more. Last but not least, in the Margin Ratio section located in the bottom right corner (highlighted in green), users can monitor their risk of liquidation and turn on Multi-Assets Mode (more on that in the following section).
Multi-Assets Mode – Easily manage BUSD- and USDT-margined positions
Launched in 2021, Multi-Assets Mode allows traders to share liquidity and margin across BUSD- and USDT-margined futures contracts, giving investors greater flexibility and more control over their risk exposure.
With Multi-Assets Mode enabled, collateral is automatically shared between futures collateralized with either BUSD or USDT. This eliminates the need to manually manage BUSD and USDT collateral and makes it easier for traders to avoid liquidations. Also, the feature allows traders to pursue potential arbitrage opportunities that arise from time to time – for instance, a trader may notice BTC/USDT is trading at a lower price than BTC/BUSD. In such a case, the position can be sold in the latter trading pair to take advantage of minute price differences and make a risk-free profit.
To turn Multi-Assets Mode on, go to the Margin Ratio section (see the “How to trade BUSD-margined futures?” section), navigate to the bottom of the menu, and select “AssetMode”. Proceed by clicking on the “Multi–AssetsMode” to turn the liquidity sharing feature on.
For more information about the Multi-Assets mode, including a step-by-step guide to turning on the feature on desktop as well as on mobile clients, click here.
Mock Trading – Put your trading strategies to the test without risking real money
For traders who lack the experience, or simply want to try out new investment strategies in a risk-free environment, Binance launched the so-called Mock Trading feature. Each Mock Trading account starts with 3,000 in imaginary USDT, which can be used just as on the real version of the Binance Futures platform. Users can try different order types, leverage levels, and more.
Mock Trading can be found by going to the Binance homepage, clicking on the user icon in the upper right corner, and then clicking on the “MockTrading” button.
Final Thoughts
Using BUSD-margined futures contracts on Binance Futures comes with several benefits. For starters, lower fees and the ability to predict future prices of more than a dozen major cryptocurrencies allow investors to make a profit regardless of which direction the market moves. In addition, the ability to share liquidity and margin between USDT and BUSD-margined positions allows Binance users to pursue additional trading opportunities and more easily manage risks. Hopefully, this article helped answer your questions regarding BUSD-margined futures.
?Celebrating the 4-year anniversary of #TRON independence day!
?“#TRON is founded on a community of active users who should have their voices heard,” said @justinsuntron, the founder of #TRON, on the launch of #TRON mainnet.
Launched in May 2018, the mainnet of TRON is one of the three major public chains worldwide and remains committed to building the infrastructure for the decentralized internet. As a result, TRON has become one of the world’s largest and longest-running blockchain platforms.
TRON integrated BitTorrent into its ecosystem in July 2018, a pioneer in peer-to-peer file-sharing protocol and Web3 services. Its distributed technology allows creators and consumers to have autonomous control over their content and data while being innovative and highly scalable, with more than 170 million monthly active users.
Since 2021, TRON has substantially grown its presence in the NFT sector. In March 2021, the TRON-based TRC-721 NFT standard was established, which helped improve one of the world’s largest distributed storage systems, BitTorrent File System (BTFS), to support NFTs and blockchain-based assets. The community has since built a comprehensive infrastructure and partnered with GameFi and NFTFi projects deploying on the TRON blockchain, such as APENFT Marketplace and WIN NFT Horse.
Currently, the total number of transactions on TRON has exceeded 3.4 billion, the daily transfer volume of stablecoins has surpassed $10 billion worth of U.S. dollars on multiple occasions, and the daily settlement stands at least five times that of PayPal. TRON has no doubt already established a leading global clearing infrastructure layer. More recently, the TRON DAO Reserve was founded in May 2022, guiding the world’s first over-collateralized decentralized stablecoin USDD and providing 24/7 transparency on real-time collateralization.
TRON dApps have seen tremendous expansion during the past few years. TRON now boasts one of the largest dApp ecosystems in the world and commands a leading position in areas such as stablecoins, DeFi, NFT, and distributed storage, among others.
After four years of sustained growth, TRON DAO is also thrilled to announce that our team is further expanding, offering a unique opportunity – to work directly with a Layer 1 Blockchain and touch every corner of our industry. The company has a fun, diverse, and challenging work environment that fosters creativity, efficiency, and teamwork.
TRON continues to thrive amidst a market for rescinded job offers and staff cuts. Despite the volatile market, TRON is taking this opportunity to scale up and align its internal culture around a set of shared values that remain driven and forward-thinking as they enforce its mission to accelerate the decentralization of the internet via blockchain technology and decentralized applications (dApps).
Join us and help BUIDL the future of Web3! View open positions here.
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 June 2022, it has over 100 million total user accounts on the blockchain, more than 3.4 billion total transactions, and over $9.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) 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 over-collateralized decentralized stablecoin USDD was launched 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.
MonkeyLeague has unveiled the bonus benefits to early $MBS token stakers. The initial staking program kicked off on June 27, 2022, and marks a crucial developmental milestone for the Studio.
$MBS Staking 1.0 is a crucial aspect of the MonkeyLeague ecosystem. The single-sided staking initiative will include up to total of 5 million claimable $MBS rewards, emitted daily over a fixed 90-day period started on June 27, 2022. Once users stake their $MBS, they will lock the $MBS on the smart contract (on the blockchain) for the entire duration with no option to remove it until the end of the said term.
The amount of claimable $MBS rewards is based on the total number of participants, the size of their stake, and how early you entered. There is a first-mover advantage to initial $MBS Staking, as those whowill participate sooner will be able to claim higher rewards.
MonkeyLeague CTO Nir Shney-Dor recently commented on the launch of Staking: “Being web3 pioneers means we are paving new paths everyday with respect to blockchain development. It involves being dynamic, flexible, and resilient in the face of many unknowns. I am beyond proud of this team of ninjas and what we built in the first version of $MBS Staking for our ecosystem.”
Coinciding with the daily $MBS rewards, there is also a massive rewards program for those who contribute to staking program within the first 72 hours as of June 27. Many prizes will be won, including BETA Whitelist Priority, or a whitelist spot to the much anticipated Stadium NFTs, and more.
Reward raffles will be randomly organised based on the size of users’ participation, ranging from 2,500 to 20,000 $MBS. Users who contribute 20,000 $MBS will be eligible for the 2,500, 5,000, 10,000, and 20,000 $MBS raffles.
Additionally, users can participate in the Pioneers Gear Up claims during the staking period ends, assuming they have 1,200 $MBS or more in their wallet after participating in the staking.
The launch of MonkeyLeague’s initial Staking Program comes on the heels of MonkeyLeague teaming up with Buff Gaming Platform in their mission to bridge Web2 and Web3 gaming. That partnership expands the appeal of non-fungible tokens and introduces special edition Monkey NFTs for the BUFF community.
About MonkeyLeague:
MonkeyLeague is the next-gen web3 esports game that empowers players to Play, Compete, and Earn.
MonkeyLeague combines high-production-value, multiplayer gaming with Solana blockchain, NFTs, and decentralised finance to deliver an exciting, turn-based, play-and-earn soccer game that’s easy to learn yet hard to master.
Dubai, United Arab Emirates, 29th June, 2022, Chainwire
Recognized as a pioneering platform for buying, trading, and selling cryptocurrency in MENA Region, GOLEXstands out as the ideal exchange in a decentralized future.
Building upon its growing platform in the Web3 space, GogolCoin is pushing the boundaries of cryptocurrency in the MENA region by opening one of the best and most secure trading platforms for digital currency. The GOLEX platform is expected to host a large number of transactions using a unique approach by providing easy access to all cryptocurrencies in the market with the largest pool of pairs an Exchange can offer, its commitment to security and the latest in technological innovation and design. In pioneering this platform alongside the complimentary Token ecosystem GogolCoin, the team is looking forward to the synergistic effect it will have on the wider project and popularity of Gogolcoin as a whole.
A Solid community and an innovative vision are key to success, proof of it being that while most of the projects have been falling due to the new markets conditions, Gogolcoin has been trading at an average of 1USD$ and seeing a vast increase in HOLDERS and new community members attracted by the new Roadmap of the project and high APY offered in their Staking pools. impressively, GogolCoin has developed a gateway whereby the physical and digital are merged via various platforms, including; Metagol – a metaverse gaming platform, and MetaConnect – A decentralized way to communicate using a 3D/Metaverse Platform while earning, creating the first-ever Meet to earn in Web 3.0.
GogolCoin will also serve the purpose of an ecosystem token by presenting several attractive utilities as discounts in the exchange trading fees, access to exclusive Initial exchange offerings, Fan Tokens, and NFTs down the roadmap, following the steps of other successful Exchanges as Binance with BNB Token and OKX among others,
The GogolCoin team is comprised of Web3 disrupters with expertise spanning from serial entrepreneurship to blockchain, marketing, engineering prowess, and beyond. Starting with Golex, a MENA-focused secure cryptocurrency exchange, GoglCoin will continue taking on a global scope, attracting crypto aficionados and newcomers alike. It is the GogolCoin goal to connect realities and to impact lives with digital currencies, from forward-thinking cryptocurrencies to a modern decentralized exchange and growing ecosystem.
Cryptocurrency exchange FTX is reportedly aiming to purchase app-based trading platform Robinhood
The CEO of FTX, Sam Bankman-Fried, bought more than $600 million worth of Robinhood shares earlier this year
Robinhood has been expanding its crypto offering in recent months
The report of a potential acquisition comes six weeks after FTX CEO bought $600M+ of Robinhood stock
On Monday, Bloomberg reported that the FTX cryptocurrency exchange – helmed by the 30-year-old CEO and crypto billionaire Sam Bankman-Fried – is exploring an acquisition of a popular trading app Robinhood. According to “people with knowledge of the matter,” the FTX team is discussing ways to buy Robinhood behind closed doors.
Bloomberg’s report comes roughly a month and a half after Bankman-Fried acquired more than 56 million shares of the popular trading platform Robinhood, worth more than $600 million at the time the massive purchase was made public. The FTX CEO currently controls a 7.6% stake in the trading company.
Per Bloomberg, Robinhood has amassed more than 22 million users since the company was founded in April 2013. The company was the first to provide commission-free trading and put emphasis on making stock trading accessible to less experienced traders.
Since the company’s initial public offering (IPO) in July 2021, the shares have tanked by more than 74%. The market cap of the app-based brokerage stands at $7.7 billion at the time of writing.
Crypto enthusiasts have been left perplexed after facing the great crypto market crash of 2022. Some analysts have suggested that ongoing macroeconomic changes, like the Russia-Ukraine War, post-COVID downfall, and inflation are the causes of this crash. As these issues are nowhere near being entirely resolved, the stability and progress of the crypto market is still in question.
Despite all this uncertainty and confusion, developers are continuously launching new cryptocurrencies in the market. One such new cryptocurrency is Mushe Token (XMU). This token is currently in its presale and claims to provide an excellent user experience.
This whole situation, i.e. the market crash poses the question of whether token holders should buy into new cryptocurrencies, or bet on the same old horses like market giants Nexo (NEXO) and Neo (NEO)? Let’s find out!
Nexo (NEXO)
Nexo (NEXO) is a blockchain-based lending platform. It is the first platform that provides an instant crypto-backed credit card. It has an automated lending process, using smart contracts and an oracle on the Ethereum blockchain to manage loans. Oracle generates a loan soon after the donation of cryptocurrency by the user. At the same time, the smart contact keeps a record of the user’s balance.
Nexo (NEXO) intends to provide a user base consisting of clients who continuously use the platform. The platform announced a loyalty program rewarding token holders with NEXO in their accounts, offering them preferential interest rates on loans and higher savings yields.
There is a comprehensive Nexo app that makes users manage their accounts efficiently. Furthermore, the platform’s saving accounts are high-yielding, earning up to 12% of interest on coins and fiat currencies.
Neo (NEO)
Neo (NEO) is known as the first Chinese public blockchain. The NEO ecosystem offers a platform for developing decentralized applications (DApps). It also facilitates its users to access the digitisation of physical assets.
It also provides security in integrating real-world assets into the blockchain, through its fantastic ability to verify the identity of users.
One of the unique features of the Neo ecosystem is that it is continuously developing. This updating ensures that this platform is safe for long-term planning, as it can cope with modern-day problems.
Mushe Token (XMU)
Mushe Token (XMU) is a decentralized token based on the Ethereum blockchain. The platform intends to shift to the Stellar network, which is known to provide low-cost transactions and is much faster. Mushe Token (XMU) claims to facilitate peer-to-peer interaction, rewards, and governance, providing liquidity to the platform’s exchange and a unified user experience.
Mushe Token (XMU) provides solutions to Consumers, User Experience, and security-related issues
This ecosystem claims to address all financial management needs of its holders by providing them with Access, Adoption, and Reward, a simple, one-stop solution.
The following are the key features that this platform will offer:
Utility Token:
The XMU is the official token of Mushe Token (XMU). It will be a multi-verse token that will provide seamless interoperability across fiat & Metaverse markets.
Banking:
The banking feature of this platform will be a simple and accessible solution. This feature will help users manage crypto & fiat currency wallets, providing seamless interchange and payments.
Trading:
Its trading options will provide access to cryptocurrency exchange with simple UX/UI & analysis.
Knowledge:
It will also provide platforms for users who can access impartial knowledge mediums, assisting consumer knowledge and empowerment of financial decisions and choices.
Reward:
It aims to nourish compounding ecosystems through incentivising loyalty & ethical/ESG behaviours amongst a scaling network.
As stated earlier, the crypto market crash of 2022 has shocked crypto holders. Many are now considering buying into new cryptocurrencies with innovative features, that sound more practical. Mushe Token (XMU) is still in its presale but it has had a lot of attention because of its great features like banking, trading options, utility tokens, rewards, and much more. This platform claims to provide the wallet and currency of confidence, and a Global ESG-driven marketplace, uniting commerce and consumer ecosystems through incentives and rewards. With that said, one can easily infer that XMU might skyrocket on the crypto market when the green run starts again and it could rival the likes of Nexo (NEXO) and Neo (NEO).
The proposed joint venture will lead the development of blockchain-based technology solutions to create a central bank digital currency ecosystem to help governments digitize their monetary systems
The INX Digital Company, Inc. (INXS ATS: INX)(NEO: INXD) (“INX” or the “Company”), a broker-dealer, inter-dealer broker, and owner of a digital asset trading platform, announced today that it has signed a non-binding memorandum of understanding (“MOU”) with SICPA, a global Swiss company, leading provider of security inks and identification, traceability and authentication technologies, to help governments digitize their monetary systems.
The Company believes that today, more than ever, governments and central banks around the globe are searching for a path to capitalize on digital currencies. This announcement between INX and SICPA will pave the way for the development of a new, holistic solution for all stakeholders to utilize digital currencies in a secure, scalable environment.
The planned joint venture with SICPA is an integral part of INX’s vision to innovate the future of finance and pioneer the new digital economy. Under the terms of the MOU, the Company will work with SICPA to establish a blockchain solution for Central Bank Digital Currency (CBDC) and the supporting ecosystem to assist clients in bolstering monetary sovereignty and efficiently growing overall country GDP. The two companies plan to expand interoperability between different stakeholders across borders through this joint venture.
A longstanding trusted partner and advisor to central banks around the world, SICPA has robust expertise in identification and security solutions, strong digital capabilities, and extensive knowledge of the use of physical cash that allow for the development of new innovative forgery-proof security features to protect monetary sovereignty.
Through the joint venture, many complex and advanced security features developed by SICPA will find applications in the development of a CBDC ecosystem.
The planned joint venture between INX and SICPA aims to allow governments to expand their access to payments infrastructure, facilitate cross-border payments, maintain sovereign currency control through rigorous regulation, and introduce privacy and safety measures.
“We believe that the unique form of CBDC we are working toward is an ecosystem and not only a tech solution,” says INX’s Deputy CEO and COO, Itai Avneri. “Along with SICPA, our distinguished partner, we harness the power of blockchain (trust, efficiency, cross-border, programmability, compliance, traceability and more) to cultivate a holistic solution that addresses the key requirements for CBDC, which include privacy-preserving, security, financial inclusion, resilience, and more.”
“In line with our purpose of enabling trust, our ambition is to develop with our partners a CBDC solution that is efficient, inclusive and safe, enabling trustworthy and privacy-preserving transactions for all, complementary to the use of cash,“ said Philippe Amon, CEO and Chairman of SICPA. “We look forward to collaborating with INX and leveraging our extensive experience in working with central banks to develop a relevant CBDC solution.”
Shy Datika, INX’s CEO: “We are excited to collaborate with SICPA and utilize our unique solutions and unparalleled experience as pioneers of a new tokenized economy. Through every step, we have committed to working with regulators. INX is the first company in the world to launch and close on an SEC-registered IPO of a blockchain digital security. Our very own INX token is the working use case for automated KYC, whitelisting of wallets, programmable smart contracts, mass distribution, and unparalleled traceability and visibility on the blockchain. These attributes are mandatory when discussing the CBDC ecosystem and will be incorporated in the innovative solution we are now developing.”
About The INX Digital Company, Inc.
The INX Digital Company owns INX Group (INX), which operates regulated trading platforms for digital securities and cryptocurrencies that trade 24/7/365. Founded by Shy Datika in 2017, INX’s vision is to be the preferred global regulated hub for all digital assets on the blockchain. INX is on a mission to help list companies as publicly-traded digital securities on the blockchain in a regulated environment with oversight from the SEC and FINRA. This journey started with the first-ever SEC-registered initial public offering of a security token on the blockchain – the INX Token – in which INX raised $83 million from more than 7,200 retail and institutional investors worldwide.
In addition to operating two regulated trading platforms for blockchain assets, the INX Digital Company’s interdealer broker – I.L.S. Brokers – will soon offer non-deliverable cryptocurrency forwards to leading global banks. For more information about INX, please visit INX.co
For further information:
Carrie Rubinstein
Head of Content and Media
Email: carrie.rubinstein@inx.co
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co
About SICPA
Market leader in security inks and leading provider of secured authentication, identification, traceability and supply chain solutions, SICPA is a long-trusted partner to governments, central banks, high-security printers, and the industry. Every day, governments, companies, and millions of citizens rely on its expertise, which combines material-based covert features and digital technologies, to protect the integrity and value of their currency, personal identity, value documents, e-government services, as well as products and brands. True to its purpose of enabling trust through constant innovation, SICPA aims to further an Economy of Trust worldwide, where transactions, interactions, and products across the physical and digital worlds are based on protected, unforgeable and verifiable data.
Founded in Lausanne in 1927, headquartered in Switzerland, and operating on five continents, SICPA employs about 3000 people.
Cautionary Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to entering into a definitive agreement, and the success of the joint venture. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to the development of the digital asset industry. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to regulatory developments and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, or changes in factors affecting such forward-looking information or otherwise.
All information contained in this press release with respect to the corporate entities referenced herein was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party.
The NEO Exchange is not responsible for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
