Filecoin (FIL) and Solana (SOL) offer a lot to their users. Still, they are experiencing a big problem, which is the problem faced by many other cryptocurrencies within the industry. This is the fact that crypto trading is challenging to get into. There are many things to learn, complicated systems, and very few cryptocurrencies with platforms that new users can look at and not get confused immediately. This is where Big Eyes Coin (BIG) wants to provide a solution.
Several Binance-based cryptos, likeRunfy (RUNF), are on pre-sale. Runfy (RUNF) is promising to contribute to crypto evolution by revolutionizing the metaverse and creating income-generating means for users. From available information, Runfy (RUNF) will spot several features upon launching in the cryptocurrency market.
Nevertheless, crypto enthusiasts seek to know whether the altcoin can become the next big cryptocurrency. This guide will discuss the new cryptocurrency to determine whether it has what it takes to pull off a successful market entry like altcoin leaders BNB (BNB) and Polkadot (DOT).
BNB (BNB) serves as the fuel powering the Binance Ecosystem. BNB (BNB) is a successful cryptocurrency market leader with massive global adoption. At the time of writing, BNB (BNB) is the 5th largest cryptocurrency and biggest exchange-based crypto by market capitalization, according to CoinMarketCap.
Binance entered the cryptocurrency market in 2017 after raising around $15 million from its initial coin offering (ICO) at a $0.15 selling price. Since then, BNB (BNB) has grown in strength, thanks to its numerous utilities and massive adoption.
BNB can be used for paying discounted fees on the BNB Chain. The altcoin enables users to engage in peer-to-peer (P2P) crypto and NFT trading. BNB also empowers users to enjoy various decentralized finance (DeFi) activities and earn passive income.
BNB (BNB) is one of the most adopted cryptos today because of its evolutionary characteristics, fast speeds, security, and more. The altcoin is undoubtedly a cryptocurrency to buy now if you seek the best utility cryptos.
Polkadot (DOT) is a revolutionary cryptocurrency bringing solutions to scalability and governance. Listed on CoinMarketCap as the 12th largest crypto by market cap at the time of writing, Polkadot (DOT) powers the Polkadot blockchain network’s functionality and maintenance.
Polkadot (DOT) adopts innovative crypto-based approaches to foster the development of scalable, interoperable multichain technologies. The altcoin project helps to unite and secure a growing ecosystem of specialized blockchains (parachains).
Polkadot’s (DOT) official entry into the cryptocurrency market occurred in 2020. The altcoin enjoyed a highly successful ICO, raising over $148 million from a price of $0.29 per Polkadot (DOT) token. Years later, the altcoin’s price surged to reach an all-time high of $55.88 in November 2021.
Using the Proof-of-Stake (PoS) mechanism, Polkadot (DOT) ranks among the best trading, staking, and governance altcoins. Polkadot (DOT) helps users to earn passive income through several rewards and incentive mechanisms, making it a cryptocurrency to buy now for massive gains.
Runfy’s (RUNF) pre-sale is ongoing, pending its official cryptocurrency market launch. Runfy (RUNF) is one of the cryptocurrencies fostering the move-to-earn (M2E) mechanism—enabling users to participate in exercise activities to earn rewards.
Runfy (RUNF) will drive a metaverse ecosystem where users can purchase NFT items and wearables, interact, and immerse themselves in fitness activities with professional services.
As a Binance-based new cryptocurrency, Runfy (RUNF) will adopt BNB Chain principles, including Ethereum Virtual Machine (EVM)–compatibility and cross-chain communication. Runfy (RUNF) will have BNB Chains’fast speeds, low transaction costs, eco-friendliness, and more.
Runfy (RUNF) hasprofit-making potential, a feature to help it compete with the thousands of cryptos in the cryptocurrency market. The altcoin’s pre-sale supply is already selling out, indicating its growing popularity among crypto enthusiasts.
To attract buyers, Runfy is (RUNF) offering a 22% bonus to pre-sale buyers, depending on the crypto they utilize to buy. Also, a $30 referral bonus applies.
Runfy (RUNF) is a cryptocurrency to buy now since it has huge utility and profit potential, like BNB (BNB) and Polkadot (DOT). From all indications, it can pull off a successful market entry to become the next big cryptocurrency like both altcoin leaders. Therefore, you should consider adding the new altcoin to your wallet.
To know more about Runfy (RUNF), visit these links:
Enter the pre-sale:https://go.runfytoken.io/register
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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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Many know EOS as the blockchain that raised $4.1 billion in its Initial Coin Offering CO back in 2018 and disappeared into the shadows. After the EOS community fought a fierce battle to take its power back, the community formed the EOS Network Foundation led by community-voted CEO Yves La Rosa. He sat down with Jessica Abo to talk about how the EOS Network Foundation is building a new future.
Jessica Abo: Yves, before we get into what you’re building, I want to go back in time. Your blockchain network was on the sidelines for more than four years and has made a dramatic comeback. How did you get to this point?
Yves La Rosa:
After four years of essential stagnation, the community got together and essentially elected and reached a consensus on creating a centralized entity called the ENF, the EOS Network Foundation, as a steward of the network in order to be able to efficiently deploy capital and move the network forward.
ENF is an example of a decentralized, autonomous organization (DAO) fulfilling its promise as a management and governance structure being controlled by the community and not by a single person or a few executives. Can you explain the main advantages of a DAO over traditional management structures?
In traditional management structures, typically it’s a top-down approach. One of the advantages of that is that things can be extremely efficient, they can be centralized, decisions can be made quickly and the organizations typically can move very rapidly because the time that it takes to make decisions can be quite fast.
In the DAO, a lot of the decision-making process is spread out to those within the organization that are better positioned to make decisions. EOS as arguably one of the largest DAOs on the planet, is structured in a way to be able to on-chain leverage the functionalities of the blockchain, but in a very efficient manner to come together, reach consensus, and move the network along. It actually gives power back into the hands of the people or of the community on the network. As such, they’re able to participate in governance, they’re able to direct where the network will go as a whole and move more efficiently in that manner.
It sounds like you really believe that a commercial entity can be managed in a democratic way by a community, but what do you want to say to the skeptics?
One of the disadvantages of a DAO is that it can be incredibly chaotic, and that was one of the issues as you mentioned for the last couple of years with EOS, is that when you’re too decentralized, it can effectively paralyze an organization where the network itself or the entity itself is in such a state that it can’t move forward because of that far-reaching decentralization. In our case, reintroducing a little bit of centralization within that process, but within an accountable framework to ensure that the DAO itself essentially remains at the forefront of the entity, is something that we strive to do and we’re still striving to do daily.
Do you think it’s a contradiction for a DAO to have a CEO?
In a way it kind of is. I’m the CEO of the centralized entity that is the EOS Network Foundation. But we are at a point where we’re essentially stewards of the network and through on-chain accountability, we can be removed at any given time. Essentially the incentives are aligned so that the entity that represents the network has to actually do the bidding, let’s say, of the network as a whole. And if it doesn’t do so, if those incentives become disaligned, then there’s a very easy on-chain process for either the entity to be removed or for myself, for example, to be removed.
Looking ahead, what do you hope the foundation achieves?
In the last year that the EOS Network Foundation has been in place, we’ve essentially stabilized the ecosystem. We’ve come and taken care of the things that have been lacking over the last couple of years, predominantly developer outreach, developer funding, community funding, community outreach, a lot of the marketing, the branding around the EOS network.
In year two, what we’re doing right now is really focusing on that growth side of things. We’re expanding very much around the world in terms of employees, in terms of location, in terms of on-the-ground presence. And we’re definitely deploying a lot of capital and being able to leverage the tool that we have, the backend tool that’s been powering the network for the last couple of years, really amplifying that through that business development side of things.
What advice do you have for the crypto beginners out there? Where does one begin?
If it’s something that interests you, just start reading up on it and you’ll find that within this blockchain space, there’s a lot of different flavors that can appeal to different people in terms of what attracts you, what about this technology or about this space might be right for you and just really dive in.
One of the things is that it’s really easy to fall into that rabbit hole of information because there’s so much out there. One of the great things about this space is that it’s so nascent, in the grand scheme of things, there are very few people here. Being able to deploy time and energy, and if you actually focus within a relatively short amount of time, you can have a niche in this space. Essentially create something for yourself that very few or nobody has either that has been created before.
And what is one way people can take their participation to the next level?
Get involved in a space. Join the circuit. The space is so new, there’s room to grow, there’s room for everybody.
Token X to provide range of services
SCB 10X, a subsidiary of Thailand’s oldest lender Siam Commercial Bank (SCB), is ready to make inroads in the digital token business, saying digital assets are attractive for investment and hold high potential to grow in the long term.
Token X, a subsidiary of SCB 10X, is licensed as an ICO (initial coin offering) portal by the Securities and Exchange Commission and started operations on March 23 this year, with the aim of offering full services relating to digital assets.
Digital assets is a new investment trend, said Token X’s chief executive Jittinun Chatsiharach, specifying the trend covers cryptocurrency and digital tokens.
“People are getting used to cryptocurrency, which is a medium used for payment of goods. They don’t much know about digital tokens,” she said.
“However, we believe when investors understand the asset better, they will be confident and ready to invest in it.”
Ms Jittinun said a digital token refers to an electronic data unit built on an electronic system or network for the purpose of specifying the right of a person to participate in an investment in any project or business, or acquire specific goods, services, or other rights under an agreement between the issuer and the holder.
Digital tokens can be used in many industries, she said. For example, they are currently used in real estate, film, gaming, art and entertainment industries as well as carbon credits.
Most of the digital tokens that Token X will offer investors will have an underlying reference so investors can have confidence to invest in them at an amount that suits the risk they are willing to accept and think is appropriate.
The digital asset market is inactive now because of the global economic slowdown and the rising interest rate environment, in addition to the collapse of many cryptocurrency platforms causing investors to lose confidence in this business, said Ms Jittinun.
However, the company believes that it still has growth in long-term and it would take some time for investors to regain confidence in this form of investment, she said.
So far, 10 firms have been in contact with Token X to help develop tokens for them. Their interests are in investment and utility tokens, she said.
“We are looking for support from concerned authorities in terms of measures to help reduce the cost of issuing tokens and offer more incentives for companies who are interested in issuing their tokens to attract investors.”
Back in 2013, the first cryptocurrency matter hit our desks. That was the beginning of the exponential growth of our digital assets practice. Recognizing the importance of the area, we launched this blog, Blockchain and the Law. In our first cluster of posts, we covered topics such as cryptocurrency taxation, blockchain and privacy, and issues surrounding initial coin offerings (or ICOs), one of the hottest issues at that time and a practice that still garners
Today, blockchain-based innovations continue apace, continuously offering new opportunities (and raising challenges). In the push toward Web3 – with its decentralized, permissionless, tokenized core – there are a variety of new technologies and innovations, from DeFi to DAOs to NFTs to fan tokens to the Merge to the metaverse. We have been privileged to work with many of the most dynamic clients in helping them build businesses around these advances.
We were thrilled to host a three-day symposium from
Below is a brief rundown of some of the topics covered in our seven virtual panels:
“Voices from the Industry”
At the final day of the symposium, we hosted in our offices a diverse panel of industry executives from Web3 companies, a metaverse architecture firm, and investment managers sharing insights about trends they have observed and key lessons they have gleaned as the space has evolved. The group first took stock of the state of Web3 amid the recent downturn (or so-called “crypto winter”) and the wave of token failures and DeFi-related bankruptcies. Despite the recent challenges in the market, the panelists anticipated even more mainstream adoption, as well as growing use cases involving blockchain technologies that bring inherent value and deliver utility, and viewed the current environment as an opportunity for compelling projects to rise and differentiate themselves. Blockchain was conceived with a decentralized zeal in mind, but following the latest turmoil, the panel opined that complete decentralization may not always be the optimal structure; instead, they saw the mainstream as somewhere in the middle, welcoming a hybrid approach that can bring true innovations and remove unneeded intermediaries, yet still maintain certain oversight and protections. In closing, the panel recognized the legal and technological uncertainties in Web3, yet emphasized that businesses with a solid vision, ample financing, trusted counsel and a business that can nimbly react to the market and its own community of users and developers should “push the envelope” in this evolving space instead of taking a timid approach that awaits clarity in the muddy areas of regulation and enforcement.
Web3 is a dynamic space that evolves on a daily basis, with new business models and strategies continuously emerging and complex legal issues to consider on many fronts. The depth and breadth of Proskauer’s experience advising on the use of new and emerging technologies, specifically in the blockchain and digital asset space, equips our cross-disciplinary
We’re excited to be helping to build what’s next.
Proskauer’s Cross-Disciplinary Blockchain Group Hosts ‘Digital Assets in Business and Law’ Symposium
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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Technical analysis trends THE BLOCKCHAIN GROUP
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The Securities and Exchange Commission is charging Ian Balina, a cryptocurrency influencer. The agency alleges that Balina did not file a registration statement in the offering and sale of the Sparkster SPRK tokens.
But it goes a but further than that.
In paragraph 69 of the lawsuit, the SEC says, “[investors] ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”
With 42% of nodes in the U.S. according to ethernodes.org, this means that the SEC is claiming that the transactions fall under U.S. oversight because the nodes are U.S.-based.
Watch the video above for more.
ROSS MAC: The SEC just filed a lawsuit against Ian Balina, alleging that the crypto influencer failed to register a crypto as a security prior to a 2018 initial coin offering. Balina also failed to disclose compensation for promoting Sparkset’s SPRK ICO on social media platforms. Balina took to his social media platforms to call the lawsuit “frivolous” and claims that it sets a “bad precedent” for the crypto industry. All other parties involved settled with the SEC, but for the same apparent deal, Balina turned it down. He claims he actually lost money on this investment and he didn’t receive any extra benefits or money. While going after unregistered ICO’s isn’t new for the SEC, they did set a new precedent. Within the lawsuit, the SEC claims that the investors in Balina’s pool used ETH and ETH nodes that are mostly clustered in the U.S. Therefore, allowing this would then mean that the SEC can claim that transactions made on Ethereum fall under U.S. oversight…Now that’s a scary thought for those who believe that Ethereum–as well as other cryptocurrencies–should remain decentralized. What do you think?
I’m Ross Mac and that was the Crypto Minute on TheStreet.
Let’s learn more about ICOs and airdrops and how they differ from one another.
The crypto industry is expanding at a dizzying rate. Sometimes, it seems like there is a new crypto project launched every day. However, one thing that all projects, new and old, have in common is the need to raise funds and build awareness.
This is where initial coin offerings (ICOs) and airdrops come into the picture. While both these activities are helpful for a project in several ways, they are very different concepts. Let’s learn more about ICOs and airdrops and how they differ from one another.
What is an Airdrop
An airdrop is an event wherein a new or existing crypto project distributes its tokens to candidates who meet some pre-decided requirements. It is a marketing strategy in which small amounts of cryptocurrency are sent to a wallet address for free or in exchange for doing particular tasks.
What is an ICO
An Initial Coin Offering (ICO) is similar to an Initial Public Offering of stocks. Companies use ICOs to raise funds for developing and launching a crypto/web3 project. Investors buy the project tokens at lower rates, hoping they will appreciate over time.
Differences between Airdrop and ICO
Airdrops are primarily a marketing strategy used by startups and new crypto projects. The main motive of airdrops is to raise awareness and promote a cryptocurrency project. Airdrops encourage people and investors to engage with the project and its social media channels. It can also be deployed to reward existing investors and token holders.
On the other hand, ICOs raise funds to support the development and launch of cryptocurrency projects. The main motive of an ICO is to invite investors and raise funds for the cryptocurrency project that will be launched. Since not all startups and projects have enough wealth at inception, ICOs are a helpful way to get things off the ground.
The process of an airdrop begins by deciding the goals and objectives that need to be achieved. Once the objective is decided, the developers need to raise awareness about the airdrop. This usually means telling people what they need to do to become eligible for the airdrop and what they stand to receive in return.
After this, developers need to collect information about the eligible users. This entails the collection of wallet addresses, email ids, or a snapshot of the user’s wallet balance. Once the required data is collected, the tokens are distributed from a treasury wallet.
When an ICO is conducted, the company must first decide the coin’s structure, as this determines the price and supply of the token. Along with the coin’s structure, the company must release the project’s ‘whitepaper’.
This document outlines the project’s aim, what the token will be used for and what it will achieve. It also discloses the number of tokens distributed to the public and the amount remaining with the founders. These details help investors ascertain the project’s scope and whether or not they should invest in the ICO.
For a user to be eligible for an airdrop, there are specific criteria that the company can decide upon. Tokens can be airdropped to users who have taken part in a certain activity, like retweeting or posting something on Instagram.
This is a great way for the company to promote the project and create a buzz on social media. At times, only the investors that already hold a certain number of tokens are eligible for the airdrop. The company can also randomly select users through a raffle system.
The good thing about an ICO is that there is no entry barrier. An investor can participate in the ICO as long as they have the necessary funds. ICOs aren’t as popular now because investors have been subject to many scams. Therefore, researching the ICO, the company, and the people behind it is crucial before investing your money.
ICOs and Airdrops are both helpful in their own ways, and developers can use them to support the project at different stages of the token’s lifecycle. Airdrops and ICOs can also be a good way for investors to make returns. However, since ICOs involve putting your money on the line, a deep dive into the legitimacy and scope of the project is a must.