Hugo Finance is an upcoming DAO, bringing its DeFi token, HUGO, on the Binance Smart Chain. Hugo dedicates its resources to allow users to make decisions on essential changes on the platform. On the other hand, HUGO will be the native token once the DeFi project launches its DAO.
Hugo launched its initial seed round on 13 March, with its soft cap set at 500 BNB, managing to hit the 280 BNB mark by 30 March. …
The NFT sector continues to expand at a record pace. These unique digital assets have captured the minds of investors and collectors alike. Today, there are NFTs that represent nearly every type of asset. Consequently, new and exciting platforms continue to enter the market weekly.
Determining what NFT projects are worth your time can be a labor-intensive process. Those who are new to the blockchain sector may feel overwhelmed trying to decipher the terminology and features. Luckily, you don’t have to spend the next week doing heavy research. Here are the top NFT projects to watch in 2021.
Mcdonalds Coin is a gamified digital token that builds on the popular meme and combines it with parody “finance bros” type gameplay. Users can contribute their own content and help guide the storyline forward. Uniquely, the game supports all types of media including memes, images, video, and the written word. You can even submit a spoken word.
The game integrates a virtual “Drive-Thru” where you can trade your MCDC tokens. All the tokens are represented by some item you would find at your local fast food spots. There are cheeseburgers, fries, shakes, and more. Each of these items is represented…
Lendefi Finance wants to make it easier for you to get access to funding. The developers behind the project wanted to create a decentralized alternative to the current lending business models. They came up with a unique peer-to-peer undercollateralized lending system that leverages top DeFi lending pools to provide lenders with more protections.
This strategy allows the platform to offer these services in a permissionless and trustless manner to its users. In comparison, the majority of peer-to-peer DeFi lending platforms in service today require full collateral to offer you services. This requirement often serves as a financial barrier to new…
The DeFi Yield Protocol (DYP) is a leading blockchain-based DeFi project that offers crypto users the ability to provide liquidity and earn rewards directly in ETH.
The platform has an anti-manipulation feature that converts DYP rewards into ETH without excessively affecting the token price, thus facilitating users to earn rewards with minimal risks.
Since the launch of the DYP staking dApp this past January, liquidity providers (LPs) on the platform have earned 7,064.11 ETH worth $14,870,593.42.
At the same time, the innovative DeFi project’s liquidity from Uniswap has exploded 20 fold since the launch of the staking dApp to hit…
Problems such as the high threshold for individuals to participate in mining, the difficulties in communicating with custodians of mining machines and the daily operation and maintenance of mining machines have discouraged many entry-level investors. The mining costs and difficulty level for ordinary participants have increased significantly, and the era of exponential growth in the mining industry is gone forever.
Many cloud computing platforms have emerged in recent years. Users no longer need to purchase mining machines. They can enjoy mining income just by purchasing hashrate contracts. However, due to insufficient information disclosure by the platforms about mines, mining machines…
Spot trading is a financial market trading strategy where the assets are delivered immediately after the trade ends. An investor buys/sells assets at a specific market price, pays instantly, and immediately receives the assets. The asset buyer will be the beneficiary of any price increases in the asset once they buy it since they own the asset.
It’s a good strategy, especially in financial markets like Forex and Crypto exchanges, where asset prices fluctuate in seconds. Spot trading is one of the oldest financial markets trading strategies, but very few crypto exchanges have implanted this trading style. …
Assets have grown to be a major investment tool for users in the financial system representing certain wealth values. Once acquired, individuals expect their assets will provide a future benefit. In the past, gold played a part in the monetary system, acting as a standard currency representing a fixed amount of gold per currency unit.
Cash came along, later on, to act as a medium of exchange and a regular currency in the form of paper and coins backed by a national government. …
Abyss Finance is a first-of-its-kind platform that offers Decentralized (DeFi) and Centralized (CeFi) Finance solutions for projects in multiple industries. Abyss Finance ecosystem is quite diverse and encompasses a Video Game platform (theabyss.com), and staking services where DeFi users can set up and run validator nodes and masternodes.
Of particular interest is the gaming platform, which was designed to focus on distributing all types of video games from free-to-play browser-based games to client MMO/MMORPG games. The Abyss gaming platform is quite different from other blockchain-based gaming platforms. It offers motivational programs for gamers and multilevel referral options for both gamers…
The Lendefi Protocol introduces secured lending to give lenders much-needed confidence in a highly volatile crypto market.
The project offers traditional and private lenders access to higher interest rates while shielding them from crypto market fluctuations. It also provides secure lending opportunities by eliminating any counterparty risk between the lender and borrower.
Lendefi works by guaranteeing lenders a variable interest secured by the liquidity provided on the decentralised finance (DeFi) ecosystem in top protocols such as Uniswap and PancakeSwap. …
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