Tag: decentralized finance

According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by...

Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take...

New York, NY, Apr 27, 2022 - (ACN Newswire) - SugarLand, a Binance Smart Chain based community-curated metaverse marketplace, has announced the...

NEW YORK, NY, Apr 26, 2022 - (ACN Newswire) - The crowdsourcing DAO Vetter.ai is proud to announce the release of its dApp...

Dubai, UAE, Apr 19, 2022 - (ACN Newswire) - RaysX, an analytical platform that helps traders and investors to holistically analyze the cryptocurrency market and decentralized finance, will launch its own RAX token.

Early investors may have the opportunity to participate in the private sale of $RAX tokens before listing on crypto exchanges. According to the founders of the project, they only consider the RAX listing on the major crypto exchanges, including Binance. To purchase a token at a favorable price, investors and users need to fill out a whitelist.

"RAX is a native utility token of RaysX that helps developers monetize and stimulate the evolution into DeFi 2.0. It is a medium of exchange between developers and DeFi investors using Web3 applications. Third-party developers can build and deploy apps while users can use these apps by paying with RAX," said RaysX founder George Gus.

RAX token can be used in multiple cases, one of which is app deployment. This means that external app developers access ready-made modules to build and deploy their applications using RAX token. In addition, users pay external app developers for the rights to access these apps using RAX tokens. They also get access to exclusive analytics and forecasts created by analysts and seasoned traders. At the same time, DeFi investors pay transaction fees required by trading apps on RaysX platform.

About RaysX

RaysX is designed to bring together the best minds of the crypto industry to accelerate the transition to DeFi 2.0 by overcoming and breaking down the constraints that are preventing the crypto market from becoming a full-fledged alternative to traditional finance today. List of RaysX key products includes:

• RAX Token. A native utility token of RaysX that helps developers monetize and stimulate the evolution into DeFi 2.0.
• The environment of the external Open Source Apps for DEXs and DeFi with monetization through RAX Token.
• The ML Prediction algorithm for deep data analytics and ranking with an open API for developers.
• Analytics Dashboard, DEX Terminal, and marketplace for external apps.
• RAX CryptoRank. A ranking algorithm to build a fairer rank.
• External Apps. A marketplace for external applications that allows any developer to deploy his application to the platform and make it available to a wide range of investors and users.

Social Links
Medium: https://medium.com/@raysx
Twitter: https://twitter.com/Ray__sX
Telegram: https://t.me/Ray_sX

Media Contact
Brand: RaysX
Contact: Media team
E-mail: gg@ray.sx
Website: https://ray.sx/

SOURCE: RaysX

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

JPMorgan Chase CEO Jamie Dimon sees decentralized finance (defi) and blockchain as real, new technologies that can be deployed in both private and public fashion. He also noted that JPMorgan is at the forefront of this innovation. JPMorgan’s Jamie Dimon Praises Defi and Blockchain JPMorgan CEO Jamie Dimon recognized the merit of decentralized finance (defi) […]

How Is Crypto Taxed in the United States? It’s important for investors, including those with cryptocurrency IRAs, to understand how taxes affect their accounts. Cryptocurrencies are treated as property according to the IRS, just like many other investments. Every sale may cause a taxable event, with only a few exceptions. But if you hold your […]

The post Cryptocurrency & Bitcoin IRA Tax Rules | Bitcoin IRA appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

Another day, another DeFi hack as this popular Ethereum based lending protocol suffered a multi-million dollar exploit. Inverse Finance, a lending-focused decentralized finance protocol, lost more than a $15 million loss. Sad day for DeFi  Another prominent decentralized finance protocol has fallen victim to a crippling security breach. Inverse Finance, a stablecoin protocol that focuses […]

The crypto community has turned decentralization into a fetish. Here’s where Satoshi Nakamoto was wrong.

The post The Dangers of Decentralization appeared first on Bitcoin Market Journal.

Layerzero Labs, the agency behind the interoperability protocol Layerzero, has revealed the corporate has raised $135 million in a Series A+ finance spherical led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ total valuation to $1 billion and the funds might be leveraged to develop cross-chain decentralized functions […]

The post Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability – Finance Bitcoin News appeared first on Bitcoin Upload.

Despite a plunge in the total value locked in decentralized finance in 2022, Lido Finance continues to see a spike in TVL since 1 March, 2022. It achieved one milestone after the other as the year progressed. In fact, since the starting of this month, the protocol gained 18% in total value locked. On that […]

INTERNET CITY, DUBAI, Mar. 25, 2022 – LBank Exchange, a global digital asset trading platform, will list ShibaDoge (SHIBDOGE) on March 28, 2022. For all users of LBank Exchange, the SHIBDOGE/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 28, 2022. Shiba Inu and Dogecoin have built strong communities with...

The post LBank Exchange Will List ShibaDoge (SHIBDOGE) on March 28, 2022 appeared first on Live Bitcoin News.