kucoin

Table of Contents

  • Crypto Market Overview
  • Top Altcoin Gainers and Losers
  • News Highlights This Week
  • Bitcoin (BTC/USDT) Analysis on KuCoin Chart

 

The past week has brought the crypto market some stabilization, with a couple of altcoins managing to break out and gain over 10%, following Ethereum. The overall cryptocurrency market volume in the past 24 hours came up to $50.68 billion - close to $15 billion less than the previous week. The overall crypto market cap fell below the $1 trillion mark, now totaling $975.25 billion. This ended up being an increase of about $23 billion compared to the previous week.

 

Let's delve deeper and take a quick look at the latest crypto market news and BTC's technical outlook.

 

Crypto Market Overview

Bitcoin's drop below the $20,000 mark provided a quick shock to the market, causing more people to believe that another leg down is up ahead. BTC’s dominance is solidifying near the 40% mark, now standing at 37.54%. Numerous cryptocur

KuCoin: Lumerin (LMR) Is Here! LMR/USDT And LMR/BTC Available

KuCoin: Lumerin (LMR) Is Here! LMR/USDT And LMR/BTC Available

Kucoin Blog Kucoin Blog 28.03.2022 12:52
Dear KuCoin Users, KuCoin is extremely proud to announce yet another great project coming to our trading platform. Lumerin (LMR) will be available on KuCoin. Supported trading pairs are LMR/USDT and LMR/BTC. Please take note of the following schedule: Deposits Effective Immediately (Supported Network: ERC20) Trading: 13:00 on March 29, 2022 (UTC) Withdrawal: 10:00 on March 31, 2022 (UTC) Tags: DeFi, P2P, Platform Project Summary Total Supply Market Cap Issue Date Consensus Protocol 1,000,000,000 LMR - 2022-03-29 - Circulating Supply 24hr Volume Issue Price Cryptographic Algorithm 52,303,430 LMR - $0.35 - *key metric numbers are calculated as of March 25 2022. Lumerin is a routing protocol that makes it simple and easy to control how, when, and why data and communications are routed via smart contracts. This allows for digital processes and assets delivered via TCP/IP connections to maximize P2P access across any number of multiple delivery channels. Our first use case is turning Bitcoin hashpower into a commodity, creating a decentralized hashpower marketplace. This gives miners greater access to larger markets for their hashpower and allows others to invest in hashpower at reduced risk. We convert Bitcoin hashrate into a marketable, liquid financial commodity, increasing mining profitability and capital availability. Official Website: https://lumerin.io/ Whitepaper: Click to view Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Regards, The KuCoin Team
Geojam (JAM) - What Is It? How Does This Token Works?

Geojam (JAM) - What Is It? How Does This Token Works?

Kucoin Blog Kucoin Blog 30.03.2022 14:27
  Table of Contents   What is Geojam? How does Geojam work? What makes Geojam unique? Who created Geojam? Closing thoughts The creator economy is playing a significant role in shaping the future of digital work. At the moment, over 50 million renowned individuals, ranging from social media influencers and celebrities to athletes, are devising new monetization strategies alongside their fans.   However, an effective system would need creators to move their followers from centralized social media organizations, which capitalize on creators’ engagement and impressions. With creators already mapping their future, they lack platforms to actively engage with their fans while monetizing their content at the same time.   Geojam seeks to address this problem by encouraging fans to form Crowds. Crowds are groups of individuals who passionately stand up for what they believe, advocate for what they love, and represent their identity. Through crowds, Goejam offers creators an opportunity to develop scalable monetization plans while establishing stronger connections with their crowds.   Unlike fans who come together to hear creators, crowds form to be heard. Specifically, Geojam offers crowds the power to use their marketable collective influence and attention. The project achieves this by creating shared value with creators that leverage unique social experiences to positively impact and shape lives.   How Does Geojam Work? Geojam uses a two-way interactive relationship to restructure the monetization system around social influence. The social engagement platform records engagement metrics around experiences to create intent-driven marketing. In doing so, Geojam helps foster a generative effect among all interconnected parties. That is, brands, creators, and crowds.   The platform works as a bridge to connect fans and creators, artists, social influencers, and athletes through gamification and real-life experiences. Unlike traditional advertising, which is based on the value of the advertisement, Geojam’s model focuses on interconnected relationships created through shared experiences and crowds.   Since its launch in 2020, Geojam has attracted tens of thousands of iOS users. To achieve this feat, the project allowed users to connect their Spotify and Apple Music accounts to its platform to sign up and start earning Jam Points. Jam Points let holders participate in the Geojam ecosystem.   What Makes Geojam Unique? While music streaming platforms let users access their favorite tunes at a fraction of the cost of downloading the tracks, they do not offer a sense of community. Additionally, they do not provide users with a sense of identity or relationship with the music and artist.   By allowing crowds to form around music, Geojam helps nurture communities with robust discussions and dynamic partnerships. The platform uses Jam Points to measure engagement. Users that actively participate in their crowds get more Jam Points.   Crowd members can redeem their Jam Points in the Jam Shop to acquire highly-coveted platform-exclusive merchandise and once-in-a-lifetime experiences. Thus far, Geojam has on boarded artists like Mariah Carey, Machine Gun Kelly, 24kGoldn, and Nyjah Huston, to mention a few.   Through these collaborations, the platform has offered crowd members opportunities to win experiences like flying on a private jet to an artist’s hometown, playing video games with artists, designing apparel alongside artists, sharing a billboard with musicians, and getting one-of-a-kind memorabilia, among others.   To help crowds and creators tap into the benefits of the rapidly growing decentralized finance (DeFi) industry, Geojam launched a cryptocurrency dubbed JAM. This token will eventually replace Jam Points and help merge the perks of autonomous crypto communities and mainstream social networking. Users will earn JAM tokens for being active in crowds.   Creators that reach out to their crowds and share experiences and opportunities will also get JAM rewards. JAM holders can use their holdings to support crowds or creators. Alternatively, they can trade their tokens for real-world experiences, merchandise, and non-fungible tokens (NFTs).   By incentivizing engagement through JAM, Geojam benefits all stakeholders and eliminates the need for advertising. The platform achieves this by rerouting incentives from social media giants to the creator economy.   Who Created Geojam? Geojam was co-founded by Sarah Figueroa, Sam Krichevsky, and Justin Rosenbaum. Figueroa serves as CEO, Krichevsky as COO, and Rosenbaum as CGO.   The rest of the Geojam features Jon Li as Head of Product, Eli Schiff as Business Development and Strategic Partnerships Lead, Gavin Prophet as Community & Social Media Manager, Alisha Cook as Executive Assistant, Outerskies as Artist Relations & Experience Manager, and Chris Giuliano as Finance & Token Community Manager.   Geojam also features Mariah Carey, Nyjah Huston, and 24kGoldn as celebrity advisors.   Closing Thoughts As an economy where artists, creators, and fans can earn together and generate value for experiencing moments together, Geojam is shaping the future of the creator economy. The platform also helps eliminate the need for social media platforms, which reap most of the benefits of creators engaging with their followers.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange  Source: KuCoin  
KuCoin IGO Global Premiere! Pikaster Is Now Available on KuCoin, Limited Sale of 18,000 Genesis NFTs

KuCoin IGO Global Premiere! Pikaster Is Now Available on KuCoin, Limited Sale of 18,000 Genesis NFTs

Kucoin Blog Kucoin Blog 08.04.2022 17:53
2022/04/08 14:06:45 Promotions Dear KuCoin Users, We are honored to introduce our first project on KuCoin IGO - Pikaster. The first campaign, ‘Pikaster Genesis Mystery Eggs, Limited Sale of 18,000 Genesis NFTs’, will be launched at 12:00 on April 11, 2022 (UTC). Thanks to the trust of our partners, KuCoin and Pikaster project teams have committed to supply a total of 18,000 limited-edition NFTs and 10 super rare NFTs for this event. Users will be able to choose their favored ways to experience KuCoin’s first IGO (Initial Game Offering) with a seamless experience. Welcome to the 1st KuCoin IGO - Pikaster Genesis Mystery Egg! Users will be able to directly purchase their favorite Pikaster NFT (Egg) on KuCoin with just one click. Each Pikaster-themed Original Egg contains a random Pikaster NFT. Players with 1 Pikaster NFT will get access to the Closed BETA Test. With 3 Pikasters, players can enter the battlefield and earn more rewards by playing games (PVP, PVE, and more). Pikaster Genesis Mystery Eggs Terms: Total Pikaster NFTs: 18,000 Eggs (first come, first served) + 10 Evolved Eggs IGO Period: 2022/04/11 12:00:00 - 2022/04/17 12:00:00 (UTC) NFT Sale Format: Whitelisting   Price Items Available Purchase Limit Pikaster Original Eggs Pre-Sale Round 1 (whitelisted required) 30 USDT 3,000 2 Eggs for each account Pikaster Original Eggs Round 2 (whitelisted required) 60 USDT 15,000 5 Eggs for each account Evolved Pikaster Eggs Auction (Round 3) Highest price will be determined by bidders 10 None How to get into Pikaster Whitelist? Users who complete all the tasks on Gleam will be eligible for both Round 1 and Round 2 of the IGO. Whitelist: https://gleam.io/cGVdF/pikaster-igo-whitelist     *Sample of Pikamaster, might not match yours. The generation is random. The timeline and notes for the Pikaster NFT sale are as follows: 1. 2022/04/11 12:00:00 - Pikaster Original Eggs Pre-Sale Round 1 The pre-sale round is a flash sale; users can directly buy Pikaster Original Eggs by using USDT. After the successful purchase, the corresponding USDT will be deducted, and users can manage their NFTs on the collection page. Limited to 3,000 supplies, first come, first serve. 2. 2022/04/15 12:00:00 - Pikaster Original Eggs Round 2 The Pikaster Original Eggs sold in the second round are much more diverse. Users can get more forms of Pikaster with different characteristics in round 2. Limited to 15,000 supplies, first come, first serve. 3. 2022/04/15 12:00:00 - 2022/04/17 12:00:00 - Auction for Evolved Pikaster Eggs In round 3, 10 super rare evolved Pikaster eggs will be sold by auction. In order to be the top bidder, you must bid higher than the previous person. Eventually, the auction comes to an end, and the highest bidder will get to take home the item. Users can also purchase the item directly by committing a buy-out price, and the auction will end immediately.   What is Pikaster?     Pikaster is a card battle Play-to-Earn game featuring Pikaster (NFTs), which creatively designs diverse innovative gameplays, such as Guild Battle, World Trees, and Boss Challenge. Players fight through NFTs in the game to win tokens as rewards, and they can lease or sell their NFTs and stake their tokens for profit. Find Pikaster on Socials: Websites: https://www.pikaster.com/ Telegram: https://t.me/Pikasterofficialchat Discord: https://discord.gg/bZ5EkEN9Z2 Twitter: https://twitter.com/PikasterNFT Medium: https://medium.com/@pikaster2021 Notes: In order to open the mystery eggs, users must withdraw their eggs to the Pikaster official website; The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered, or influenced the user's decision in any form; The users from Mainland China are not supported in the IGO. Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Regards, The KuCoin Team Find the Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join KuCoin Global Communities >>>
VisionGame (VISION) Gets Listed on KuCoin! World Premiere!

VisionGame (VISION) Gets Listed on KuCoin! World Premiere!

Kucoin Blog Kucoin Blog 13.04.2022 11:50
Dear KuCoin Users,   KuCoin is extremely proud to announce yet another great project coming to our trading platform. VisionGame (VISION) will be available on KuCoin. Supported trading pair is VISION/USDT.   Please take note of the following schedule: Deposits Effective Immediately (Supported Network: SPL) Trading: 09:00 on April 14, 2022 (UTC) Withdrawals: 10:00 on April 16, 2022 (UTC) Tags: GameFI, NFT, Solana   Project Summary Total Supply Market Cap Issue Date Consensus Protocol 1,000,000,000 VISION - 2202-04-14 - Circulating Supply 24hr Volume Issue Price Cryptographic Algorithm 9,800,000 VISION - $0.03 - *key metric numbers are calculated as of April 11 2022. VisionGame provides four core products: Vision.SDK, Vision.Wallet, Vision.Offering, and Vision. VisionGame brings the traditional game publishing experience for the blockchain community. A suite of unique products coupled with technical and creative services, support the ever-growing gaming blockchain industry, raising the bar one game at a time. VisionGame provides four core products: Vision.SDK, Vision.Wallet, Vision.Offering, and Vision.Community to help game developers to easily navigate through the blockchain market.   Official Website: https://visiongame.io/ Twitter: https://twitter.com/visiongame_ Watch the VisionGame Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://www.youtube.com/watch?v=Uh75SxRRrr0   Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.   Regards,   The KuCoin Team Find The Next Crypto Gem On KuCoin!   Sign up with KuCoin now! >>> Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join KuCoin Global Communities >>>
Arenum (ARNM) Explained - What Is It? You Have To Check This Novelty On Cryptomarket! #Altcoins

Check This Novelty On Cryptomarket! Arenum (ARNM) Explained - What Is It? #Altcoins

Kucoin Blog Kucoin Blog 15.04.2022 15:08
Table of Contents What is Arenum? How does Arenum work? What makes Arenum unique? Who created Arenum? Closing thoughts Number of smartphone users has increased to 6.648 billion at the moment... The mobile device industry has made significant progress since Apple launched its App Store with only 500 apps in 2008. Since then, the market has grown swiftly, with leading tech companies like Google, Microsoft, and Amazon joining Apple in creating mobile apps. Combined, the platforms of these four companies host almost 7 million apps. As the world continues transitioning into a digital era, the number of smartphone users has increased to 6.648 billion at the moment, up from 5.924 billion in 2020. This sharp uptick was due to increased online interactions due to the COVID-19 pandemic, which minimized in-person interactions. Mobile games, especially, became popular, with downloads exceeding 80 billion in 2020... Following the pandemic, the gaming industry expanded rapidly as more people started spending time gaming to stay busy and maintain their sanity amid the restrictions. Mobile games, especially, became popular, with downloads exceeding 80 billion in 2020. While the pandemic is not as widespread as it was over the past two years, mobile gamers are expected to spend $238 billion by 2025 as more countries gain access to better cellular communications, internet, and smartphone technology. However, current game publishers do not incentivize players to play. Additionally, most web2 games only support in-app purchases, which see gamers spend their money on one-off purchases to improve their competitiveness in games. This model contributes 95% of the total revenue generated by mobile games. However, it is outdated and exploitative. To supercharge the mobile gaming industry, Arenum aims to become a web3-powered matching engine for eSports. Specifically, the platform seeks to create a robust ecosystem that comprises a unique and exciting metaverse, non-fungible tokens (NFTs), crypto, and a play-to-earn model. Watch the deep dive video into Arenum (ARNM) and Subscribe to the KuCoin YouTube Channel: https://www.youtube.com/watch?v=wJEFwXwEo2g How Does Arenum Work? The Arenum platform functions like a tokenized ecosystem where participants interact with one another on-chain through a permissionless and censorship-resistant environment. Arenum is anchored on four features. These are a player-versus-player (PvP) multiplayer Engine (SDK) for games, an NFT metagame, a platform for game developers and influencers, and a marketplace.   The PvP Multiplayer engine comprises a collection of smart contracts and infrastructure that any game developer can integrate into their games. Through the Arenum PvP Multiplayer SDK, games get access to leaderboards, tournaments, leagues, referral and reward systems, and a deep metagame. On the other hand, the NFT metagame allows players to earn resources through tournaments. Such resources. For instance, gamers can get NFT collectibles of animals, which they can breed and come up with stronger creatures. They can then use these creatures to play in PvP auto battles. The developer and influencer platform comprises a set of tools from the multiplayer SDK engine. These tools allow developers to publish their games as a standalone product and deploy tournaments with one click to monetize influencer communities instantly. Developers need to stake the Arenum token (ARNM) to unlock these benefits. Like other marketplaces, the Arenum marketplace will let players sell and purchase rare NFT animals, which they can use to improve the breeds of their previous virtual animals to level up. All games have access to the Arenum Multiplayer PvP SDK and can easily integrate it to gain access to the tournament engine. At this point, influencers and sponsors can add tournaments for the games they want to support into the engine. Players then select the games and tournaments they want to participate in and stake ARNM to unlock higher tiers of the tournaments. Players that win the tournaments get rewards in NFTs, which they can collect or trade on the marketplace. Other players can buy NFTs listed on the marketplace and use them to auto-battle for NFTs and other rewards. What Makes Arenum Unique? The current game publishers list games and leave players to discover the games. To this end, developers need to market their games to success. However, marketing is expensive, and most projects fail to reach their targeted audience. For instance, in 2021, only 810 out of 475,000 recorded revenues exceeding $1 million. Unlike the current game publishers, Arenum supplements the gameplay of games with various levels of interaction for players. In so doing, the platform helps position each game that integrates its Multiplayer PvP SDK for success. By offering all games a chance to deploy multiplayer capabilities, Arenum levels the playing ground for all developers. Additionally, game developers can pick their sponsors from an automated attention marketplace, making marketing cheaper. As for gamers, Arenum guarantees continuous entertainment, seeing as it provides a catalog of games published and advertised across its network To this end, the Arenum platform helps developers focus on making their games and systems exciting instead of worrying about how to retain players. As for gamers, Arenum guarantees continuous entertainment, seeing as it provides a catalog of games published and advertised across its network. Moreover, the metagame and social network on Arenum will ensure players continue playing even after they finish the original game. Who Created Arenum? Eduard Gurinovich, Alexander Pasechnik, and Alexander Zelenshikov co-founded Arenum in 2018. Gurinovich is also the founder of CarPrice and CarMoney. He raised over $90 million worth of venture capital for these firms. On the other hand, Pasechnik bootstrapped multiple IT products from zero to $1 million in revenue. Zelenshikov helped develop several high-performance proprietary rendering engines. He has 17 years of experience in game development at key positions at companies like Digital Element and Novy Disc. The Arenum team currently comprises more than 30 members, and Vyacheslav Tarasov serves as the Chief Technology Officer (CTO). He previously worked for Prisma Prisma App as the Senior Mobile Developer and Senior Project Manager and helped the app hit 10 million daily installs. Closing Thoughts By positioning itself as a global web3 matching engine for eSports, Arenum is set to revolutionize the mobile gaming industry. The platform’s Multiplayer PvP SDK engine helps developers focus on creating captivating games, while the play-to-earn model helps retain players. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange
KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!

KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!

Kucoin Blog Kucoin Blog 19.04.2022 11:08
Dear KuCoin Users, KuCoin Earn will be launching the ADA/LUNA/DOT/MATIC/ATOM/TRX Flexible Promotion at 07:00:00 on April 19, 2022 (UTC). Stake to enjoy an APR of 6.3% (excluding POL mining). The details can be found in the table: Staking Product Promotion Start Time(UTC) Expected APR (*Excluding POL rewards) ADA 2022/04/1907:00:00 2.7% LUNA 2022/04/1907:00:00 2.7% DOT 2022/04/1907:00:00 6.3% MATIC 2022/04/1907:00:00 3.6% ATOM 2022/04/1907:00:00 6.3% TRX 2022/04/1907:00:00 2.7%   *During the staking period, in addition to the staking benefit from the project, users can also get a share of the POL mining rewards every day! How to Participate:  During the activity period, all KuCoin users can go to the KuCoin Earn website and choose their desired product to stake. Notes: Users need to be registered on KuCoin to join this promotion. During the redemption period, no staking rewards of the staked assets and POL mining rewards will be generated. The user hereby confirms that participating in the staking activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way. Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right of final interpretation of the activity. Thank you for your support! The KuCoin Earn Team Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
What Is CEBG? CRYPTO ELITE‘S BATTLEGROUNDS (CEBG) is Now Available on KuCoin IGO Platform! Limited Sale of 8,000 Genesis NFTs What Is KuCoin IGO?

What Is CEBG? CRYPTO ELITE‘S BATTLEGROUNDS (CEBG) is Now Available on KuCoin IGO Platform! Limited Sale of 8,000 Genesis NFTs What Is KuCoin IGO?

Kucoin Blog Kucoin Blog 25.04.2022 10:58
Dear KuCoin Users, After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, we are proud to introduce a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). Crypto Elite's BATTLEGROUNDS (CEBG) Genesis Mystery Box, will be launched at 11:30am on April 25, 2022(UTC). Check out what is the latest KuCoin IGO Project CEBG and how does the P2E features work? CEBG Genesis Mystery Box Terms: Total CEBG NFTs: 8,000 Mystery Boxes IGO Period: 2022/04/25 11:30am - 2022/04/30 12:00pm (UTC)   Time Price Items Available Purchase Limit CEBG Genesis Mystery Box Whitelist Round 2022.4.25 11:30am 100 USDT 500 10 NFTs per UID CEBG Genesis Mystery Box Round 1 2022.4.25 12:00pm 100 USDT 1,000 4 NFTs per UID CEBG Genesis Mystery Box Round 2 2022.4.27 12:00pm 120 USDT 2,500 6 NFTs per UID CEBG Genesis Mystery Box Round 3 2022.4.29 12:00pm 150 USDT 4,000 - *(web-access preferred) What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. As our IGO partners, KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. What is CEBG? CEBG is an online multiplayer battle royale game with an anime aesthetic. In the game, players land in the war zone, search for guns, and fight each other for precious resources. The game was inspired by PUBG. EACH TIME, ONLY ONE SURVIVES… In the past 2 months, CEBG invited more than 200 guilds and KOLs to test CEBG, 95% of players responded with a "Strong desire to continue playing” after their alpha trial. CEBG designs a model around co-creation & user acquisition: Co-creation by players; User acquisition provides an easy transition from web 2.0 to 3.0. CEBG is a gateway to a GameFi Studio: With a large user foundation; unique NFT; UGC tools for 3rd developers and players, to build a Web3.0 Game Studio, truly created by its players. What is Genesis Mystery Box? Open the Genesis Mystery Box for a CEBG Genesis NFT and NFT gift pack! Opening the Genesis Mystery Box will give you 100% access to a random Genesis Hero NFT. The Genesis Hero NFT is the key to unlocking CEBG's Play To Earn mode - by fighting with the Hero NFT, players will be rewarded with a steady stream of tokens. With a Genesis Hero NFT, you will additionally receive. Priority to access to CEBG future WHITELIST campaign Token AirDrop Early access to all games developed by CEBG Studio Limited edition skin NFT Distinguished Genesis logo More to come Opening the Mystery Box will give you an additional 30% chance of getting a bonus Weapon NFT and Chip NFT in addition to theGenesis Hero NFT. All these extra NFTs gained will enable players to boost their Play To Earn earnings. It allows players to have stronger battles, flashier skills and higher fun in the game. CEBG NFTs have 3 unique traits-- Modifiable, reproducible and certified,it can be used as identity verification. These qualities can support players' social and UGC needs, motivate players to recommend CEBG games and invite their friends to play together, improving user retention while growing a consistent userbase. All NFTs can be interoperable within the series of future games in the GameFi Studio, as an identification. Find CEBG: Websites: https://www.cebg.games/ Telegram: https://t.me/CEBG_official Discord: https://discord.com/invite/8dWX6jpcME Twitter: https://twitter.com/CEBG_GAME Notes: In order to open the mystery box, users must withdraw their mystery boxes to the CEBG official website ; To participate in the IGO, please make sure you have a sufficient amount of USDT in your KuCoin Trading Account; The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered, or influenced the user's decision in any form; The users from Mainland China are not supported in the IGO. Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Find the Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
Crypto Games: Coolmining - What Is It? What Are COOHA And COOGA?

Crypto Games: Coolmining - What Is It? What Are COOHA And COOGA?

Kucoin Blog Kucoin Blog 25.04.2022 13:26
Table of Contents: What Is CoolMining? What is the COOHA and COOGA token and what is it used for? How Does CoolMining Work? Who Are the Founders of CoolMining? What Makes CoolMining Unique? Who Are the Partners of CoolMining? Closing Thoughts In 2008, Satoshi Nakamoto published the Bitcoin white paper, which would go a long way in developing the now-famous protocol that has established the cryptocurrency ecosystem. The vision of Satoshi Nakamoto was for Bitcoin to become a peer-to-peer Electronic Cash System. The Bitcoin white paper shows this vision of electronic cash and how it will allow online payments to be sent and received in a peer-to-peer framework without any form of trust or the involvement of middlemen. Read next (by KuCoin): What Is CEBG? CRYPTO ELITE‘S BATTLEGROUNDS (CEBG) is Now Available on KuCoin IGO Platform! Limited Sale of 8,000 Genesis NFTs What Is KuCoin IGO? | FXMAG.COM A little while later, Satoshi Nakamoto released an update to the Bitcoin white paper, including the Bitcoin mining concept. Mining requires hash power, and providing this hash power to publish blocks on the blockchain takes up computational resources, which can be referred to as a form of work. Hence, Bitcoin is a proof-of-work blockchain. However, as the bitcoin network expands so too does the hash rate output requirement increase. For this reason, CoolMining is filling the gap with a platform that allows small-time miners to contribute hash power in an on-chain mining simulation game to generate BTC rewards. This form of mining is a gamified form of mining on the Bitcoin network that boosts hash power output while making the entire process engaging and rewarding. Watch the COOHA Deep Dive Video and Subscribe to the KuCoin YouTube channel:  What Is CoolMining? CoolMining is an on-chain mining simulation game that will enable small-time miners to have an authentic mining experience. However, all the complex operations and the setting up of sophisticated machinery will be removed.   CoolMining has decided to turn mining into an enjoyable blockchain-based game where every participant can be a miner in the game and earn BTC rewards by contributing to the overall hash power. By turning Bitcoin mining into a gamified process, the players can participate in a comfortable environment and engage their imagination to create rare mining rigs. This is a next-level idea in making money and gaming. CoolMining is an Ethereum-based project. Read next (by KuCoin): DeFi For Everyone! Hawksight - What Is It? (HAWK) Explained. Crypto Projects In Eyes Of Kucoin| FXMAG.COM What is the COOHA and COOGA token and what is it used for? CoolHash (COOHA) The CoolMining ecosystem has two tokens. The first is CoolHash (COOHA), an ERC 20 token representing real-world hash power. Every COOHA token is equivalent to 0.01 TH/s hash rate. This token is also the native governance token of the CoolMining decentralized autonomous organization (DAO). There are 10 million COOHA tokens that will be in existence and will be distributed in phase one of the project. The 10 million COOHA tokens are equivalent to 100 PH/s real-world hash rate. As time continues, more COOHA tokens will be minted as real-world hash power participates in the CoolMining gamified Bitcoin mining process. CoolGas (COOGA) CoolMining is also a dual token-based ecosystem. The other token is CoolGas (COOGA), which is also an ERC 20 token that works as that utility token of the CoolMining gamify ecosystem. The COOGA token is unlimited in supply and is the mining reward token that the community is paid when they mine blocks. Miners use COOGA tokens as the mining rigs to operate, and afterward, they get BTC rewards and COOGA tokens as mining rewards. The COOGA and COOHA tokens have different contract addresses. Read next (by KuCoin): KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM The mining host (CoolMining) will receive a portion of the COOGA token paid by the miners as custodial fees. This is how CoolMining makes part of its revenues. The COOHA token economics are simple and reasonably understandable. 50% will be released in a liquidity launch, while the Treasury will remain with 30%. Gamify bonus will be located 10%, while 5% of the tokens will be distributed through community events, and the other 5% will be linearly weighted after one year. This 5% belongs to the initial investors. How Does CoolMining Work? The miners exist as Cool miner NFTs and the players can either mint a Cool miner NFT or Cool part NFT. Alternatively, they can purchase already minted miners on the Cool mart. The CoolMining NFTs are Customizable NFTs that will be distributed in the form of mystery boxes via the CoolMining official website. Players in the CoolMining ecosystem can build their mining rigs by buying different Cool part NFTs that have different capabilities. The Cool part NFTs will be available in four types. Every type of Cool part NFT will assign different attributes to a Cool miner NFT. Some of the parts include the hash board, which determines the hash rate of a miner, the control board, which dictates the reward bonus of a miner; the Power Supply Unit that shows the COOGA consumption level of a miner; and a cooling system which determines the claim fee for the miner when they are redeeming rewards. The Cool miner NFT is an ERC721 token that is unique for every miner. For a player to mint a Cool miner NFT, they need at least one (1) hash board and at most four (4) non-duplicated components of the cool part NFTs. The Cool miner NFT is an ERC721 token that is unique for every miner. It is built by combining different Cool part NFTs. The performance of these miners is determined by the attributes and the level of rarity of the Cool part NFTs that make up the miner. Players will customize their miners by buying Cool part NFTs and minting or by purchasing already minted miners on the Cool mart. Who Are the Founders of CoolMining? The team behind the CoolMining project has chosen to remain mostly anonymous. However, the CoolMining community is vastly active on Twitter, where they have a following of over 11,000 members less than one month after launching the project. This shows the team is committed to delivering and walking with their community until they have achieved the full vision. The project's roadmap is quite extensive and involves a lot of technical advancements, including smart contracts and the launch of the mining game. CoolMining also plans to go multi-chain later in 2022 and launch on multiple chains to harness the KCCGameFi and others. Certik has audited the smart contract code for the CoolMining game to ensure that it is up to standard and is free from vulnerabilities. Who Are the Partners of CoolMining? The partners of the CoolMining project are well-known DeFi and GameFi leaders in the blockchain space. MojitoSwap is a KCC-based decentralized exchange (DEX) that recently announced a partnership with CoolMining. As of February 17, 2022, MojitoSwap launched CoolMining as the first project on its launch pad. The launch was successful, and CoolMining is now listed on the MojitoSwap DEX. On the KCC chain. By extension, the CoolMining project is partnered with the KCC blockchain and the KuCoin pool. Also, since CoolMining is a BTC mining project, they have partnered with Bitmain, one of the world's largest mining rig manufacturing companies. Read next (by KuCoin): VisionGame (VISION) Gets Listed on KuCoin! World Premiere!| FXMAG.COM These are just some of the partners that CoolMining has. At their rate of development, more partners will come in the future. What Makes CoolMining Unique? CoolMining is unique because of its out-of-the-box thinking regarding Bitcoin mining, fused with gameplay. This approach to mining will overturn the common perception that mining is a tedious and monotonous process. On top of this, the COOHA token can be staked to earn BTC rewards. The total BTC rewards are calculated based on real-world total hash rate, and players can claim their share of these BTC rewards at any time. The actual hash power provided by CoolMining Treasury is the cornerstone of the CoolMining project. This hash power unites real-world mining organizations, including mining rig manufacturers, public listed companies, and mining pools, to the CoolMining project. CoolMining provides players with a stable hash power supply, ensuring that the basic or the BTC rewards are secured for the players. The hash power will increase in the future as CoolMining gains more popularity. Closing Thoughts CoolMining is changing the face of mining. While they have chosen to focus on Bitcoin, there is no predicting in which direction they could expand. There are several other PoW chains that Coolhash could incorporate, especially since they plan to go multi-chain by the end of Q2 2022. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
Premium Launch of X Rush IGO on KuCoin! Limited Sale of 9,500 NFTs!

Premium Launch of X Rush IGO on KuCoin! Limited Sale of 9,500 NFTs!

Kucoin Blog Kucoin Blog 08.05.2022 00:19
After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, we are proud to introduce a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). X-Rush Genesis Mystery Box, will be launched at 12:00pm on May 10, 2022(UTC).  Check out what is the latest KuCoin IGO Project X Rush ? X Rush Genesis Mystery Box Terms: Total X Rush NFTs: 9,500 Mystery Boxes IGO Period: 2022/05/10 12:00pm - 2022/05/15 12:00pm (UTC)   Price Items Available X-Rush Genesis Mystery Box 299 USDT 9,492 Limited X Racer Mystery Box Auction Highest price will be determined by bidders 8   *(web-access preferred) What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. As our IGO partners, KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. What is X Rush? X Rush is a casual play-to-earn game designed to provide players with a fun gaming experience by racing & shooting in multiple universes. Users can collect their favorite racers and customize racing cars to compete with other players on the leaderboard. X Rush is developed by Unity 3D and is also compatible with Web3 wallets. X Rush aims to form a great gaming community, letting players not only enjoy the fun of the game but also be a part of it, contribute, and of course, earn the game token $ XOX. Key Features: NFT (PFP) with Passive Income + Gamefi (P2E) + Share to Earn (S2E) Verified and well-designed Tokenomics Multiple play-to-earn methods for players Developed on Unity 3D Engine Easy to play and accessible game that can be played on mobile (both iOS and Android) What is Genesis Mystery Box? Open the X Rush exclusive Genesis NFT mystery box and get a random X Racer NFT! - 100% chance of getting 1 X Racer NFT X Racer non-fungible tokens are hand-drawn by the illustrators behind the iconic 2009 multiplayer online battle arena League of Legends (“League” or LoL). X Racers are player-owned NFTs minted in the Kucoin Community, which can be traded on the NFT marketplace to another player. Players who hold the X Racer NFT will enjoy the following rights: The ability to earn 50 Tokens per day, with the passive income halved every 50 days; The rights of using X Racer NFT as profile picture in the game, others are default; The rights of generating Testnet invitation code; Potential future airdrops. Find X Rush Official website: https://xrush.io/ Discord: http://discord.gg/xrushio Twitter: https://twitter.com/XRushio Telegram: https://t.me/XRushOfficial Notes: In order to open the mystery box, users must withdraw their mystery boxes to the X Rush official website ; To participate in the IGO, please make sure you have a sufficient amount of USDT in your KuCoin Trading Account; The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered, or influenced the user's decision in any form; The users from Mainland China are not supported in the IGO. Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Find the Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
KuCoin Raises $150 Million at $10 Billion Valuation to Pioneer Exploration in Web 3.0

KuCoin Raises $150 Million at $10 Billion Valuation to Pioneer Exploration in Web 3.0

Kucoin Blog Kucoin Blog 10.05.2022 22:41
Victoria, Seychelles – KuCoin, a global leading crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. The round, led by Jump Crypto, saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The new influx of capital will allow KuCoin to go beyond centralized trading services and expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platforms through investment arms like KuCoin Labs and KuCoin Ventures. KCC, the public chain built by KuCoin's community members, will also be a significant infrastructure where resources will be deployed to create a decentralized ecosystem. Read more: Bitcoin Price (BTC/USD) Falls And We're Wondering When The Bearish Market Ends... Weekly Crypto Analysis: Bitcoin Falls to Half Its Peak, Everything You Should Know Today | KuCoin| FXMAG.COM KuCoin also plans to leverage the pre-Series B round to: Build the next generation of KuCoin core trading system, resulting in tenfold performance improvement. Support KuCoin’s global regulation efforts to better serve 18 million users in over 200 countries and regions. Enhance security and risk management systems to make the platform more secure and accessible. Johnny Lyu, CEO of KuCoin, states: "The vote of confidence from prominent investors, including Jump Crypto and Circle Ventures, solidifies our vision that one day everyone will be with crypto. KuCoin is built for all classes of investors, and we believe these new investors and partners will contribute to making KuCoin synonymous with a reliable and trustworthy gateway into crypto space."   Tak Fujishima, Head of Asia, Jump Crypto, said: “KuCoin provides a comprehensive platform of crypto services to a global audience, which is one of the many reasons we’re proud to lead this round. We are pleased to support the company as it continues to grow and expand its offerings in futures and margin trading, lending, staking and passive yield generation to support the growth of Web 3.0 and the crypto markets.” According to CoinMarketCap, KuCoin is the fifth largest crypto exchange on the market. In November of 2018, KuCoin secured $20 million in Round A funding.  Read more: KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 700 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 18 million users in 207 countries and regions around the world. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts. To find out more, visit https://www.kucoin.com.  
Binance Academy: Metaverse - What Is It? Is There Only One?

Crypto Games: Interesting Game Rewarding Players - Kara Star (KARA) - What Is It? | KuCoin

Kucoin Blog Kucoin Blog 11.05.2022 17:36
Table of contents · What is KaraStar (KARA) ? · How does KaraStar (KARA) work? · What makes KaraStar (KARA) unique? · Who created KaraStar (KARA)? · Closing thoughts As the world continues shifting to the digital age, more and more people are finding it pertinent to focus their lives on the metaverse. According to research, the metaverse was worth $63.83 billion in 2021. Analysts predict that this value will rise above $100.25 billion by the end of 2022 and hit $1.53 trillion by 2029.   Looking to make a statement in the rapidly growing space, KaraStar seeks to project real-world economic value on a virtual game. The KaraStar virtual world empowers creators to develop a one-of-a-kind Play-to-Earn (P2E) ecosystem.   Through this game model, KaraStar allows gamers to stay entertained, earn money and find peace and love by acting as masters to pets dubbed Kara. By combining an opportunity to earn and positive emotions in one game, KaraStar aims to attract numerous players to build a virtual universe together.   How Does KaraStar (KARA) Work? KaraStar runs on BNB Chain, formerly Binance Smart Chain (BSC). In the game, players are considered creators. The KaraStar game currently features two modes. These are player-versus-player (PVP) and player-versus-environment (PVE). Under PVE lies Dungeon gameplay, where players obtain bonuses in UMY tokens by exploring maps and killing monsters.   On the other hand, PVP includes battling in arenas and tournaments. This mode is suitable for comKarasitive games, which display a player’s understanding and strategy of the game. KaraStar plans to offer crypto worth tens of millions for players participating in the comKarasition.   To start participating in PVP or PVE games, players need to buy three or more non-fungible tokens (NFTs). Through the earned UMY, players can choose to breed or evolve their Karas. Evolving a Kara involves either burning UMY or devouring other NFTs. Each Kara has a limited number of times it can breed to avoid overpopulation.   The game is based on the KaraSpace galaxy, which boasts 12,801 planets that serve as irreplaceable resources. KaraSpace features three categories, Superpower, Nature, and Melee. Each category has different Kara attributes. Under Superpower lies light, electricity, and fire. Nature comprises dragon, ghost, and fairy. Melee features rock, steel, and poison.   Out of the 12,801 planets, 10,000 are resource planets, and 2,000 are creation planets. There’s only one Mother Planet, which is the primary carrier of game operations. However, KaraStar has not yet launched the Mother Planet.   The Mother Planet has 255,255 plots. Each plot is encompassed by 33 grids. Once players acquire plots as private property, they can build their Kara Kingdoms. Players will need UMY to purchase maternal resources. There are five types of land on the Mother Planet. These are central, forest, north pole, desert, and high-tower. Each type of land has different treasures.   The Mother Planet and Lands mode will run as a multiplayer Simulated Life Game (SLG). Players will be able to make friends or compete with other players across the globe. Additionally, they will be able to harvest equipment fragments to boost the power of their Karas to earn more KARA tokens.   What Makes KaraStar (KARA) Unique? The KaraStar ecosystem leverages a dual-token economic system. The UMY token fuels the whole KaraStar metaverse. UMY also serves as the foundation of the KaraStar world to achieve stability and peace. Additionally, UMY is used to power the staking and mining of KARA. Creators generate UMY every time they engage with the game.   On the other hand, KARA is the governance token in the KaraStar ecosystem. One KARA is equivalent to one ticket in the ecosystem’s decentralized autonomous organization (DAO). DAO members can vote on the ecosystem’s governance by staking their KARA. Apart from governance, creators can use KARA for in-game payments.   Additionally, creators holding KARA can earn more rewards by staking their holdings for mining in the farm pool. Players can get KARA through airdrops, buying in the market, or obtaining the token in the upcoming MotherLand mode.   The KaraStar DAO seeks to support community builders. Unlike other DAOs, the KaraStar DAO offers careers for all community contributors. After surveying many pre-DAO members, KaraStar decided to establish the House of Lords and the House of Commons.   In doing so, the project offers DAO members a career path. Additionally, this setup helps provide structural momentum for the stability and growth of the DAO.   KaraStar also features a scholarship platform, which offers customer-to-customer (C2C) scholarships. Providers can list the scholarships on the KaraStar website and recruit scholars. KaraStar then rewards contributors with bonuses in the scholarship program.   To ensure the stability of token prices, KaraStar will regularly burn UMY. Specifically, the project aims to burn 80% of the UMY consumed in the game.   Who Created KaraStar (KARA)? KaraStar Technology PTE. LTD, a Singapore-based blockchain game developer, created KaraStar. The company has a rich team featuring game development engineers from Zynga and ROBLOX, seasoned blockchain experts, and Wall Street mathematical actuaries.   At the helm is CEO Dustin, who previously served as the Project Manager for Apple in the Asia-Pacific region. He also has experience in marketing, entrepreneurship, and blockchain mining, among other fields.   Kate Kryvonos serves as the company’s COO. She has over five years of blockchain marketing strategy and leadership experience. Before joining KaraStar, Kryvonos spent four years leading open-source blockchain and cryptocurrency projects like NEM.io Foundation Ltd and the Symbol blockchain.   The firm’s CTO is Kumar, who has experience working as a product manager and program developer for leading game companies like Zynga and Electronic Arts (EA). He has seven years of experience in game development and two years of experience in blockchain product development.   Closing Thoughts As a P2E metaverse game, KaraStar offers players a chance to stay entertained while earning. Additionally, the project’s Social-Fi capabilities allow gamers to connect across the globe. Coupled with a healthy economic model, these features help the project position itself for long-term success.   Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
KuCoin NFT Marketplace Windvane Releases Genesis NFTs: Free NFTs, Airdrop, Service Fee Dividend, WL And More Than 10 Benefits Waiting for You

KuCoin NFT Marketplace Windvane Releases Genesis NFTs: Free NFTs, Airdrop, Service Fee Dividend, WL And More Than 10 Benefits Waiting for You

Kucoin Blog Kucoin Blog 13.05.2022 10:13
Victoria, Seychelles – KuCoin, a leading global cryptocurrency trading platform, announced the launch of a brand-new Genesis NFT on May 10, 2022 as a pre-celebration of the upcoming online of its NFT Marketplace - Windvane. There are a total of 4,500 Genesis NFTs issued and will be distributed to its users and team. Genesis NFT holders will enjoy the exclusive privilege of the Windvane NFT marketplace. All users who hold this round of NFTs can get all NFT sales income of the Storm Round and Typhoon Round and a mystery box for free The Genesis NFTs of Windvane take the Lazy Rooster as its main image. The Lazy Rooster looks lazy, but in fact, it represents the original practitioner of web 3.0 and the reform spirit of innovation. Of the 4,500 Windvane Genesis NFTs, 500 are held by the team, and the remaining 4,000 will be offered to users through 3 rounds. The most attractive point is that Windvane will not make any profit from sales. All income from each round of sales will be shared by former NFT holders. The specific rules are as follows: In Hurricane Round, 300 NFTs will be issued and offered to users for free. All users who hold this round of NFTs can get all NFT sales income of the Storm Round and Typhoon Round and a mystery box for free. In Storm Round, 1,500 NFTs will be issued. All users who hold this round of NFTs can get all NFT sales income of the typhoon round, plus a mystery box for free. In Typhoon Round, 2,200 NFTs will be issued. All users who hold this round of NFTs can have the highest probability of getting an SSR mystery box. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The mystery boxes include SSR, SR, and Normal, three types with different benefits involved, including token airdrop, 0 service fees for two years, service fee dividend, voting rights, and more. With the issuance of Genesis NFT, Windvane is one step closer to its official launch. As a comprehensive NFT trading platform, Windvane will support the NFT launchpad, mint, trade, management, and many other services most conveniently. And its professional function covers basically all the necessary requirements of NFT traders and lovers, such as promising projects, extremely low fees, a priority whitelist, and the strongest security. Windvane is a more open and inclusive decentralized NFT marketplace powered by KuCoin Fungi Chic, the Founder of Windvane, states: “The WEB 3.0 era is coming, and the world needs a new wind vane product to lead the 3.0 era. This product represents: innovation, fairness, and decentralization. The genesis users of Windvane are also the pioneers of the WEB3.0 era. We will work together, innovate together and share all the benefits together. Therefore, we decided that all the sales revenue of Genesis NFT will be returned to the users, and the users who participated in this round can share all the revenue from subsequent sales.” Currently, Windvane’s Genesis NFT starts the pre-registration stage. Participants are required to join its Discord and fill in the pre-registration form before 10:00:00 on May 31, 2022 (UTC). More details can be found here about Windvane’s Genesis NFTs. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM About Windvane Windvane is a more open and inclusive decentralized NFT marketplace powered by KuCoin, which will serve as a driving force in the industry. It's committed to creating a comprehensive and highly compatible platform that will openly support mainstream NFT blockchains. Windvane will offer the huge user traffic of KuCoin and the support of top KOLs and communities to help projects to conduct NFT initial sales. At the same time, everyone can select all NFTs on KuCoin cross-chain aggregator, one-stop shopping for the world's top NFTs at Windvane.  About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with focus on inclusiveness and community action reach, it offers over 700 digital assets, and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. To find out more, visit https://www.kucoin.com.
Announcement of Pikaster (MLS) Token Sale on KuCoin Spotlight | KuCoin

Announcement of Pikaster (MLS) Token Sale on KuCoin Spotlight | KuCoin

Kucoin Blog Kucoin Blog 18.05.2022 14:24
KuCoin will be launching the 22nd Spotlight token sale with Pikaster (MLS) on May 18, 2022 (UTC). The MLS token sale will operate using the proportional distribution model. Spotlight Token Sale Details: (Subscribe Now) Token Name: Pikaster (MLS) Spotlight Hard Cap: 180,000 USD Spotlight Allocation: 1,500,000 MLS Spotlight Token Sale Price: 1 MLS = 0.12 USDT Token Supported: KuCoin Token (KCS) Only Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale Token Sale Format: Proportional Distribution Model (PDM) Spotlight Token Distribution: 25% will be distributed on the Token Generation Event (TGE), the remaining 75% will be distributed in 25% batches every 2 months from the first distribution (before July 23rd, Sep 23rd, and Nov 23rd) Total Token Supply: 200,000,000 MLS Initial Circulating Supply: 10,000,000 MLS Pikaster Website: https://www.pikaster.com How to Participate Participants must have an average KCS holding of at least 100 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily KCS holdings by all participating users. To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user. However, to let more new KCS holders enjoy the 22nd Spotlight, KuCoin will launch a whitelist campaign to exempt the minimum KCS holdings requirement. Token Sale Subscription Start Time: 08:00:00 on May 18, 2022 (UTC) Token Sale Subscription End Time: 00:00:00 on May 23, 2022 (UTC) KCS holdings Hard Cap Per User < 100 KCS (whitelist required) 150 USD (1,250 MLS) >= 100 KCS *Hard Cap: The max number of tokens you will receive. The Shares of Qualified Users Will Receive: (User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (1,500,000 MLS) Exclusive Bonus for 22nd Spotlight! Bonus1: Each whitelist will be given one Pikaster NFT FREE to use for one month! Bonus 2 (IGO users only): Users who had successfully purchased Pikaster Genesis Mystery Egg in KuCoin 1st IGO will enjoy a bonus coefficient, where their final KCS holdings will be multiplied by 2. e.g. Alice has purchased one Pikaster Genesis Mystery Egg in the 1st KuCoin IGO. Assume that she holds 100 KCS during the snapshot period and has successfully participated in the 22nd Spotlight. Alice’s final KCS holdings will be counted as: 100 KCS * 2 = 200 KCS Daily KCS Holdings: From 16:00:00 on May 19, 2022 to 16:00:00 on May 21, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings on that day (3 snapshots in total). From the snapshot, each user’s daily KCS holdings will be determined. Only users who have a KCS holding equal to or greater than 0.1 KCS from the snapshot and click ‘Participate Now’ during the subscription period will be qualified for the 22nd Spotlight. *Sub-accounts can’t participate in the token sale as independent accounts. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance. Daily KCS Holding Calculation Rules: Main Account * 100% Trading Account * 100% Finance Account (including locked and unlocked assets) * 100% Ongoing KuCoin Earn staking programs for KCS (locked assets): KCS-FOR-FCD-20D KCS-PLATO-30D Spotlight Token Sale Timeline: At 08:00:00 on May 18, 2022 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for MLS. At 00:00:00 on May 23, 2022 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants. From 08:00:00 to 09:00:00 on May 23, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MLS. We highly encourage you to have at least 20 KCS in your Trading Account on May 23, 2022. If the deduction is successful, the MLS will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost. To participate in the token sale, your KuCoin account needs to meet the following criteria: Complete KYC2 (Advanced Verification) before 00:00:00 on May 23, 2022. If you fail to pass KYC2, then you will not be eligible for the token sale subscription. The following countries/areas are not supported for the purchase: Belarus, Mainland China, the Democratic Republic of Congo, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea. Purchase Agreement Signed. After completing the steps above, please be sure to click the ‘Participate Now’ button on the Spotlight page. Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale. Learn More About Pikaster: Official Website: https://www.pikaster.com Twitter: https://twitter.com/PikasterNFT Telegram: https://t.me/Pikasterofficialchat Discord: https://discord.gg/bZ5EkEN9Z2 What is Pikaster (MLS) and How Does it Work? | KuCoin Crypto Gem Observer Watch the Pikaster video on KuCoin YouTube Channel: https://youtu.be/E7Loz_RhxcM Risk Warning: Spotlight is a high-risk investment channel. Investors should be sensible in their participation and be aware of investment risks. KuCoin is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. KuCoin reserves the right of final interpretation of the activity. Thanks for your support! The KuCoin Team This activity is not related to Apple Inc. Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Sign up on KuCoin now >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
In the previous week Ether gained more than the leading cryptocurrency

Crypto: A Breakthrough!? Ethereum: What Is Merge? The Future Is Now?

Kucoin Blog Kucoin Blog 10.08.2022 14:20
Table of Contents: · What is the Merge? · When is the Merge happening? · Why does the Merge matter? · What is the impact of the Merge? · What might happen in the future? · Closing thoughts The Merge is the most significant upgrade in the history of Ethereum. On August 10, KuCoin launches the ‘ETH Merge Gold Rush’ event for the upgrade of Ethereum. In this event, users can know more about the latest Merge-related updates and get the best crypto earning opportunities during the Merge.   This ‘ETH Merge Gold Rush’ event includes the following core segments: · Learn more about the ETH Merge countdown and get the latest Merge news. · Convenient Spot/Futures trading that supports assets associated with Merge such as ETH, ETC, Matic, Op, etc. · Participate in ETH PoS mining for earnings. Staking promotions will be available soon, including ETH PoS mining and other staking products. · Join KuCoin communities to participate in Merge-related discussions.   For more details about this event, please visit here. Now, let’s get started with what ETH Merge is.   What is the Merge? Ethereum, the blockchain network that supports the second-largest cryptocurrency by market capitalization, is inching closer to implementing a significant upgrade. Dubbed the “Merge,” while this sounds grandiose and dramatic, in fact, it signifies an upgrade that will see Ethereum transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) model.  Specifically, the Merge will mark the joining of Ethereum’s execution layer, which runs on a PoW model, and the Beacon Chain, which is Ethereum’s consensus layer, which is based on a PoS model. The mainnet currently holds all Ethereum accounts, balances, and smart contracts.  On the other hand, the Beacon chain shipped separately from the mainnet, and it currently runs parallel to the mainnet. After the two layers merge, Ethereum will become a PoS network. As such, validator nodes will take over the role of generating blocks, replacing miners who use energy-intensive rigs.   When is the Merge Happening? The Merge is set to ship between Q3/Q4 2022. Ethereum developers are working with a soft deadline of September 19. However, this date could change depending on the success of the final testnet merge, which is dubbed ‘Goerli.’ Goerli is set for mid-August.   Why Does the Merge Matter? The Merge will introduce significant changes to the Ethereum network. For instance, the Merge will reduce Ethereum’s energy consumption by 99.95%, making the network eco-friendly and sustainable. Furthermore, considering ESG concerns have limited Ethereum’s adoption, the Merge will play a massive role in boosting the network’s adoption.  Additionally, the Merge will make Ethereum more scalable. At the moment, the Ethereum network handles around 30 transactions per second. Once the network transitions to a PoS consensus model, it will set the stage for the four additional phases. At their completion, the Ethereum blockchain will be able to process 100,000 transactions per second, according to co-founder Vitalik Buterin.  After the Merge, validators will secure the Ethereum network by staking ETH. Validators will get rewards from the network’s transaction fees. To prevent malicious activities, Ethereum will cut a portion of a validator’s stake ETH if they accept invalid blocks.  Moreover, the Merge will prepare Ethereum for sharding, splitting the network into small bits to increase transaction speeds and cut costs. This development will help Ethereum cement its position as the largest network for non-fungible tokens (NFTs) and decentralized finance (DeFi).   What is the Impact of the Merge? After the Merge, Ethereum might introduce triple halving. Specifically, the triple halving will reduce ETH’s supply by approximately 80% - 90%, which is almost equal to halving the Bitcoin system three times.  By transitioning to a PoS model, most ETH will go to staking, effectively minimizing the amount of ETH in the market.   What Might Happen in the Future? By upgrading to a PoS consensus model, Ethereum will address its energy-consumption issues, proving that an energy-efficient and sustainable blockchain can operate on a massive scale. Additionally, the network will eventually introduce upgrades that might introduce fast transactions and lower gas fees. These changes will likely attract more institutions and Web 3.0 projects to build on the network.  While a PoS model might introduce some level of centralization in Ethereum, the same model will lower the entry barrier for validators. The PoS model will only require validators to stake ETH and earn rewards. Users with low amounts of ETH can pool their tokens in a staking pool and earn block rewards. To this end, Ethereum is set to attract more users, making it more decentralized.   Closing Thoughts Ethereum’s transition to a PoS consensus model comes with numerous benefits. Post Merge, the network will allow ETH holders to stake their holdings and earn rewards by validating transactions. Additionally, the Merge will prepare Ethereum for future upgrades that might make the network more scalable, secure, and sustainable.   Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe to YouTube Channel>>>     Source: https://www.kucoin.com/pl/blog/everything-you-need-to-know-about-the-ethereum-merge?title=Everything%20You%20Need%20to%20Know%20About%20the%20Ethereum%20Merge
Crypto Market Survived A Dramatic Loss! Guo Seems To Prefer PoW Ethereum To Proof-Of-Stake!

Crypto Market Survived A Dramatic Loss! Guo Seems To Prefer PoW Ethereum To Proof-Of-Stake!

Kucoin Blog Kucoin Blog 23.08.2022 12:57
Most of the cryptocurrencies ended up in the heavy red over the past week, with most reaching double-digit losses. The overall cryptocurrency market volume in the past 24 hours came up to $60.83 billion - a drastic drop of over $17 billion from the past week. The overall crypto market cap decreased slightly compared to the previous week, coming up to $1 trillion, a slight decrease from the previous week’s $1.15 billion.   Let's delve deeper and take a quick look at the latest crypto market news and BTC's technical outlook.   Crypto Market Overview Bitcoin's dominance has remained below the 40% mark but increased slightly to 39.31%. This came as a result of BTC outperforming the top cryptocurrencies by making a smaller downturn. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $21,293.62, while Ethereum, the second-largest cryptocurrency by market capitalization, has fallen to $1,570.88, down 18.92% in the last week.   The top performers from the previous week were EOS (EOS) and Chiliz (CHZ), while the rest ended their week in the red. EOS has increased by 19.74% to $1.51, while CHZ gained 7.54% in the past seven days.   Cryptocurrency Market Heatmap | Source: Coin360   On the other hand, Lido DAO (LDO), Near Protocol (NEAR), and Curve DAO Token (CRV) were the worst performers of the week. LDO is down 31.27% to $1.91; NEAR is down 26.63% in the last seven days; CRV is down 26.17% to $1.   Top Altcoin Gainers and Losers Top Altcoin Gainers: EOS (EOS) ➠ 19.74% Chilliz (CHZ) ➠ 7.54% Top Altcoin Losers: Lido DAO (LDO) ➠ 31.27% Near Protocol (NEAR) ➠ 26.63% Curve DAO Token (CRV) ➠ 26.17%   News Highlights Here are some of the events that made the previous week's crypto news section stand out:   Ethereum 2.0 Merge in the Limelight, PoW Ethereum the Talk of the Town The Ethereum blockchain is on track to make its highly anticipated transition from its current Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) one. The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug 11.   However, not everything is going smoothly, as a group of miners and PoW supporters have announced that they will opt to hard fork Ethereum and continue operations on the new version. Chandler Guo, a Bitcoin (BTC) miner, was among the first to bring out a case for the PoW Ethereum chain post-Merge. In a tweet on July 28, Guo shared with the public a screenshot of Chinese miners saying that PoW Ethereum is coming soon.   However, Vitalik Buterin has denounced those who are in favor of PoW Ethereum, claiming that the move is just a ploy for miners to make easy money without benefiting humanity - especially after them declining to move to ETC, a Proof-of-Work Ethereum fork from 2016.   Cardano Testnet Critical Bug a Controversy? Charles Hoskinson, the founder of Cardano, has come out to speak about how the issues surrounding the Cardano Vasil hard fork have been “incredibly corrosive and damaging.” After a rumor broke out that Cardano’s testnet is “catastrophically broken,” Hoskinson stated that there’s been an “unfair narrative” floating around Cardano and its testnet issues, which he called “incredibly corrosive and damaging.”   He spoke about how people can and should not conflate a failed testnet with the mainnet, because testnets are constructed and destroyed all the time in this industry. He then added that “They are in no way, in any way harm Cardano itself.”   The Vasil hard fork has already been delayed several times this year, with the most recent delay being announced at the end of July due to issues identified on the testnet. Hoskinson, however, remains optimistic that the Vasil hard fork will ship “imminently.”   USDC Records a 22-Month Low Whale Holding Percentage The percentage of USD Circle (USDC) stablecoins held by the top 1% of wallet addresses dropped to its lowest point in almost two years as the crypto market downturn continues. While the real reason or reasons for this are unknown, various commentators have suggested that some users shifted their stablecoin holdings from USDC to USDT. This claim was made given the correlation in the decline and growth of the respective stablecoins’ market cap.   Data from Glassnode, an on-chain analysis firm, shows that the percent of USDC held by the top 1% of addresses is currently at a 22-month low of 87.667%.   However, even though the market cap of USDC ended up reducing somewhat, the stablecoin reached a three-year high in terms of weekly mean transaction volume, surpassing the previous high it registered in June of this year.   Tether Decreases Commercial Paper Holdings by 58% An announcement from USDT issuer Tether Holdings Limited revealed the results of the independent Q2 attestation performed by the top accounting firm BDO Italia.   Tether had previously made an announcement that they intend to reduce their commercial paper holdings to 0% by the end of October 2022. Data from this report revealed a 58% decrease in commercial paper exposure since the previous quarter. When translated into dollar value, this is a decrease from $20 billion to $8.5 billion.   The CTO of Tether, Paolo Ardoino, tweeted that Tether plans to continue to decrease its commercial paper holdings to $200 million by the end of August, and to ultimately reach zero by the following October.   The Fear & Greed Index at 29, Market Turning More Bearish The fear and greed index continues to signal "fear," with an index indicating a 29 score. Fear levels have increased greatly since the past week, with the market now being much more fearful than on Monday past week, when the Index showed 45.   Fear & Greed Index | Source: Alternative Crypto Calendar: Events to Watch This Week ➺ 22/08/2022 - JEWEL - DeFi Kingdoms AMA ➺ 22/08/2022 - DFI - BitMart Listing ➺ 23/08/2022 - TRX - Telegram AMA ➺ 24/08/2022 - SAND - Alpha Season 3 Begins ➺ 25/08/2022 - Crypto - CoinFest Asia ➺ 26/08/2022 - ICP - BTC Testnet AMA   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin has had a very bad week, with its price slowly recording double-digit losses and dropping below several support levels. The largest cryptocurrency by market cap has seemingly failed to maintain the uptrend it kept for over a month, while also falling below the 21-day moving average level.   This downtrend has led BTC from a little over $25,000 all the way up to a high of $20,760, which it hit on Saturday. However, the price bounced back above the $21,000 mark, and it’s fighting to stay above this level.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   Analysts are predicting an even further drop due to worldwide uncertainty, with long-term lows possibly hitting the low teens.   Bitcoin’s immediate support level stays at $21,000, while its immediate resistance level lies at the 21-day moving average, currently sitting at $23,100.   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: Weekly Crypto Analysis: BTC Testing $21K Support; Crypto Market Losing its Upward Momentum| KuCoin
Bitcoin's Drop Caused A Quick Shock To The Market. Look At It!

Bitcoin's Drop Caused A Quick Shock To The Market. Look At It!

Kucoin Blog Kucoin Blog 29.08.2022 16:16
Table of Contents Crypto Market Overview Top Altcoin Gainers and Losers News Highlights This Week Bitcoin (BTC/USDT) Analysis on KuCoin Chart   The past week has brought the crypto market nothing but losses, with only a couple of cryptocurrencies managing to not lose their value. The overall cryptocurrency market volume in the past 24 hours came up to $66.73 billion - close to $10 billion less than the previous week.The overall crypto market cap fell below the $1 trillion mark, now totaling $953.14 billion. This ended up being a decrease of 190.7 billion compared to the previous week. Let's delve deeper and take a quick look at the latest crypto market news and BTC's technical outlook. Crypto Market Overview Bitcoin's drop below the $20,000 mark provided a quick shock to the market, causing more people to believe that another leg down is up ahead. BTC’s dominance is steadily declining, now standing at 38.66%. This came as a result of several cryptocurrencies maintaining their price decrease lower than the largest cryptocurrency. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $19,786.11, while Ethereum, the second-largest cryptocurrency by market capitalization, has fallen to 1,444.75, down 10.78% in the last week. The top performers from the previous week were eCash (XEC), Huobi Token (HT), and IoTeX (IOTX). XEC has increased by 29.28%, while HT gained 17.44% in the past seven days. Finally, IOTX gained 12.51%.     Cryptocurrency Market Heatmap | Source: Coin360 On the other hand, Avalanche (AVAX), STEPN (GMT), and Lido DAO (LDO) were the worst performers of the week. AVAX is down 19.45% to $17.96; GMT is down 16.17% in the last seven days; GRT is down 16.10% to $1.61. Top Altcoin Gainers and Losers Top Altcoin Gainers: eCash (XEC) ➠ 29.28% Huobi Token (HT) ➠ 17.44% IoTeX (IOTX) ➠ 12.51% Top Altcoin Losers: Avalanche (AVAX) ➠ 19.45% STEPN (GMT) ➠ 16.17% Lido DAO (LDO) ➠ 16.10% News Highlights Here are some of the events that made the previous week's crypto news section stand out:   US Stocks Lost $1.25 Trillion in Just One Day Fed Chair Jerome Powell has suggested that larger rate hikes were definitely on the table despite recent data hinting that inflation was already slowing down. As a result of this, investors rushed to cut their riskier investments.   This resulted in the S&P 500 closing down 3.4% on Friday, hitting its lowest levels since late July. The Nasdaq Composite Index didn’t perform much better, as it dropped by 4%. Overall, the US stock market lost more value in one day than the entire market cap of the cryptocurrency market.   Cardano (ADA) Inching Closer to its Vasil Hard Fork Input Output Hong Kong (IOHK), the blockchain company in charge of development for the Cardano network, stated that the Vasil hard fork is “ever closer.” IOHK shared its latest Vasil hard fork status, and posted updates on its three critical mass indicators, which determine the date of the upgrade.   The company indicated that they are looking for 75% of mainnet blocks produced by nodes running the 1.35.3 version, around 25 exchanges upgraded, as well as the top ten key mainnet decentralized applications (DApps) also upgrading to the new version.   When it comes to the current upgrade status, we are looking at around 50% of the transition finalized, with 50% to go until the Vasil hard fork goes live.   US Dollar Hits a New 20-Year High One of the largest gainers in the past weeks was none other than the US dollar. The currency has managed to increase its value, thus hitting a 20-year high. On the other side of the world, the euro has suffered massive losses and lost parity with the dollar.   The US dollar’s surge has historically been a bad indicator for the price of Bitcoin - in fact, the two have a strong inverse correlation.   OpenSea Daily Volume Decreases by 99% OpenSea, the world's largest NFT marketplace, has witnessed a massive drop in daily volumes as fears about a potential NFT bubble burst grow larger.   The marketplace processed nearly $5 million worth of NFT transactions yesterday, which came up to around 99% less than its record high of $405.75 million on May 1. The massive decline in daily volumes came as a result of two factors: The overall crypto bear market, which has affected all aspects of the Web3 sector. The increasing fear of the NFT market being a bubble poised to burst. OpenSea’s user count has seen a massive drop over the past 90 days, with floor prices hitting yearly lows. The greatest example of this is the floor price of the Bored Ape Yacht Club, which dropped by 53% to 72.5 ETH on Aug 28 versus a high of 153.7 ETH on May 1.   The Fear & Greed Index at 24, Market Sentiment Plummets The fear and greed index has pushed back down from the past week, moving from 45 all the way down to 24. The indicator now indicates “extreme fear,” caused by the sudden drop of Bitcoin and other cryptocurrencies.     Fear & Greed Index | Source: Alternative   Crypto Calendar: Events to Watch This Week ➺ 29/08/2022 - Klaytn - Magma Hard Fork ➺ 30/08/2022 - Tron - Telegram AMA   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin (as well as the rest of the cryptocurrency market) has had a horrible week after Jerome Powell’s announcement that the FED may keep rising interest rates. This statement caused the US stock market to erase over $1 trillion, while Bitcoin tanked and managed to drop below $20,000.   Bitcoin is now around 70% lower than its November 2021 all-time high of $69,000. The current sharp movements occurring in Bitcoin are not caused by technical indicators, but rather by news and announcements coming mostly from the west.   However, while it is true that the market is now ruled by fundamental and sentiment indicators, let’s explore the technical side of BTC as well.   Bitcoin has managed to drop below the large 23.6% Fib retracement sitting at $22,845, thus triggering a sell-off. With the price dropping once again, the largest cryptocurrency by market cap has formed another (much smaller) Fib retracement. BTC is now testing its bottom, sitting at $19.408.     BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   When it comes to support and resistance levels, Bitcoin is likely to encounter resistance to the upside at an area between $20,750 and $21,620. On the other side, analysts state that traders should watch out for $19,400, as this is the only level separating Bitcoin from the $17,550 level.   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.   Sign up on KuCoin, and start trading today!   Follow us on Twitter >>> https://twitter.com/kucoincom   Join us on Telegram >>> https://t.me/Kucoin_Exchange   Download KuCoin App >>> https://www.kucoin.com/download   Also, Subscribe to our Youtube Channel >>> Listen to 60s Podcast   Source: Weekly Crypto Analysis: BTC Under $20K as HODLers Brace for September
Ethereum: The Merge Is Almost Here, But Some Dream About Proof-Of-Work

Ethereum: The Merge Is Almost Here, But Some Dream About Proof-Of-Work

Kucoin Blog Kucoin Blog 06.09.2022 15:48
Table of Contents Crypto Market Overview Top Altcoin Gainers and Losers News Highlights This Week Bitcoin (BTC/USDT) Analysis on KuCoin Chart   The past week has brought the crypto market some stabilization, with a couple of altcoins managing to break out and gain over 10%, following Ethereum. The overall cryptocurrency market volume in the past 24 hours came up to $50.68 billion - close to $15 billion less than the previous week. The overall crypto market cap fell below the $1 trillion mark, now totaling $975.25 billion. This ended up being an increase of about $23 billion compared to the previous week.   Let's delve deeper and take a quick look at the latest crypto market news and BTC's technical outlook.   Crypto Market Overview Bitcoin's drop below the $20,000 mark provided a quick shock to the market, causing more people to believe that another leg down is up ahead. BTC’s dominance is solidifying near the 40% mark, now standing at 37.54%. Numerous cryptocurrencies managed to outperform Bitcoin in the past week, with several recording double-digit gains. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $19,735.97, while Ethereum, the second-largest cryptocurrency by market capitalization, has fallen to 1,573.85, up 10.23% in the last week.   The top performers from the previous week were Cosmos (ATOM), Lido DAO (LDO), and Ravencoin (RVN). ATOM has increased by 19.61%, while LDO gained 17.25% in the past seven days. Finally, RVN gained 14.55%.     Cryptocurrency Market Heatmap | Source: Coin360   On the other hand, Helium (HNT), Huobi Token (HT), and eCash (XEC) were the worst performers of the week. HNT is down 35.54% to $3.93; HT is down 8.43% in the last seven days; XEC is down 7.89%.   Top Altcoin Gainers and Losers Top Altcoin Gainers: Cosmos (ATOM) ➠ 19.61% Lido DAO (LDO) ➠ 17.25% Ravencoin (RVN) ➠ 14.55% Top Altcoin Losers: Helium (HNT) ➠ 35.54% Huobi Token (HT) ➠ 8.43% eCash (XEC) ➠ 7.89% News Highlights Here are some of the events that made the previous week's crypto news section stand out:   Ethereum Merge Coming Up, People Hoping for the Best Ethereum merge date is slowly coming up, with many talking about the potential Ethereum PoW fork. A faction of Ether (ETH) miners will seemingly be creating a PoW fork of the network so that they can still keep mining.   While some support the decision, the vast majority call this event an “ETH PoW airdrop,” meaning they intend to cash out as soon as they receive the tokens.   Both those that want to hold or get the ETH PoW will need to hold ETH at exchanges that support the forks or decentralized wallets. That way, they will be absolutely certain they will be getting the forked coins. Of course, those that want to sell it as soon as possible will be better off holding their Ether on exchanges for quicker access to funds.   Cardano (ADA) Inching Closer to its Vasil Hard Fork Input Output Hong Kong (IOHK), the blockchain company in charge of development for the Cardano network, stated that the Vasil hard fork is “ever closer.” IOHK shared its latest Vasil hard fork status, and posted updates on its three critical mass indicators, which determine the date of the upgrade.   The company indicated that they are looking for 75% of mainnet blocks produced by nodes running the 1.35.3 version, around 25 exchanges upgraded, as well as the top ten key mainnet decentralized applications (DApps) also upgrading to the new version.   When it comes to the current upgrade status, we are looking at around 50% of the transition finalized, with 50% to go until the Vasil hard fork goes live.   Helium Sinks 35% Following Proposed Move to Solana Helium is under a lot of pressure from the public, as the core developers of the crypto-powered wireless network want to move from its own blockchain to the Solana ecosystem. However, the news is not very well accepted by its supporters, at least if we judge by the price of its HNT token.   Helium’s native HNT cryptocurrency has instantly fallen about 15% since the Solana migration governance proposal was announced on Sep 30, dropping to a price of $4.75 per token. The price then tanked even further, currently sitting at $3.93 per token.   Bank of Russia Legalizing Crypto? The Bank of Russia, the country’s central bank, has allegedly admitted that cross-border crypto payments are certainly the future, especially in the current geopolitical conditions.   The Russian central bank has seemingly been rethinking the approach to regulating cryptocurrencies and agreed with the finance ministry of Russia to legalize crypto for cross-border payments, according to the local news agency TASS report.   While outlining the importance of enabling local crypto services in Russia, they didn’t specify a date of legitimization of the cross-border payments.   The Fear & Greed Index at 23, Market Sentiment Stabilizing The fear and greed index has stabilized near the previous week’s levels after a huge drop from two weeks ago, when the number that represents crypto sentiment dropped from 45 to 24. The indicator now indicates “extreme fear” with a mark of 23, caused by the sudden drop of Bitcoin and other cryptocurrencies.     Fear & Greed Index | Source: Alternative   Crypto Calendar: Events to Watch This Week ➺ 07/09/2022 - AXIE - AxieCon Barcelona ➺ 08/-9/2022 - KAVA - Kava 11 Launch ➺ 11/09/2022 - THETA - Metaweek   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin (as well as the rest of the cryptocurrency market) has taken the past 7 days to stabilize from the sudden drop from two weeks ago. While some cryptocurrencies (such as Ethereum) managed to book double-digit gains, Bitcoin was quite a bit more conservative. The largest cryptocurrency by market cap is now trying to remain near the $20k mark, as well as attempt a push above it. With the hard week-by-week reduction in volume, this is very much a news-driven market, rather than one driven by technicals.   Even though Bitcoin remained in pretty much the same spot compared to the previous week, analysts are conflicted as to where the largest cryptocurrency by market cap will head in the future. While some are calling for a $30k push due to a double bottom pattern, some are calling for the price of $10k as Bitcoin whales have started moving and taking out some BTC from their wallet. Bitcoin’s price direction will most likely be decided by equity markets (due to the correlation between the two), as well as regulatory updates.     BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   When it comes to support and resistance levels, Bitcoin is likely to encounter resistance to the upside at an area between $20,750 and $21,620. On the other side, analysts state that traders should watch out for $19,400, as this is the only level separating Bitcoin from the $17,550 level. Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.     Sign up on KuCoin, and start trading today!   Follow us on Twitter >>> https://twitter.com/kucoincom   Join us on Telegram >>> https://t.me/Kucoin_Exchange   Download KuCoin App >>> https://www.kucoin.com/download   Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: Weekly Crypto Analysis: BTC Remains Under $20K; ETH Merge Prep in Highlights| KuCoin