Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption levels which make them the blockchain “of choice for energy efficient NFT marketplaces”. The network will provide with a scalable platform with low-cost transactions, and an Ethereum-Polygon bridge. As LimeWire previously reported, the platform will support its marketplace with its own native token called LMWR. In addition to the capacity to transact with LimeWire NFTs, user will allegedly have access to “exclusive community”, voting rights, and access to a reward system. The platform will let content creators, initially musicians, to launch digital assets so fans can buy, sell, and trade them without the “technical hurdles” of alternatives. In that way, LimeWire attempts to onboard users by offering them a unique experience, and access to unique items, from their favorite artists. The press release claims: Music fans and collectors will be able to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content. The platform will place a special focus on users without technical expertise or those people unfamiliar with cryptocurrencies and digital assets. Thus, the “newbies” or “noobs” will be the main target audience for this re-brand. The new LimeWire platform will let users trade by completing an “easy” registration process with “seamless KYC”. As a bonus, items will be priced in U.S. dollars, and users won’t be obligated to set up a crypto wallet from the get-go. In order to complete that objective, users will be able to purchase the digital assets with their credit cards, via bank transfer, and with other traditional payment methods. LimeWire claims to have consolidate a partnership with Wyre to provide this services. LimeWire Calls On “Noobs” To Leverage Crypto The new LimeWire, according to the release, will be a hybrid platform. Created to combine the best aspect of Web2 platforms with the potential and benefits from Web3. Paul Zehetmayr, LimeWire Co-CEO, said the following on the recent announcement: The biggest challenge with digital collectibles and the broader crypto market in general is that it’s really limited to a small group of savvy users. There are big players on the market already, but the entry barrier is still too big to allow for mainstream adoption. In addition to the traditional payment methods, users will be able to use different cryptocurrencies to purchase digital assets. Algorand CEO, Steven Kokinos said: We are excited to see LimeWire launching on the Algorand blockchain and see massive potential for them to take the music collectibles market by storm. The interest for digital collectibles will only be growing and we are eager to support a global brand like LimeWire entering into the space to help open up the market to the mainstream. The new LimeWire marketplace will be launch in May 2022, according to the press release. The platform promises a “lineup of big names” for its market debut. Related Reading | Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10% At the time of writing, ALGO’s price trades at $0.68 with a 2% loss in the past 24-hours.

USDC, USDT, BUSD, PAX, TrueUSD, and DAI are all examples of stablecoins that have recently gained popularity. They have an issue with price stability and liquidity (particularly decentralized stablecoins). When MakerDAO reduced its stability charge to 5.5 percent, many customers of Compound (which had an interest rate of 11 percent at the time) decided to stay because they had taken out a loan in DAI and changing DAI to USDC is a costly procedure.  At the same time, many DeFi users are eager to lend their stablecoins in exchange for a 5% APR, which is far higher than what traditional banking gives. Users would be hesitant to provide the same money to trading firms that guarantee profits. Curve Finance addresses the issue of lack of liquidity while trading Stablecoins and high costs.  Introduction Curve Finance uses liquidity pools and bonding curves to enable high-efficiency stablecoin trading and low-risk rewards for liquidity providers. When trading from one stablecoin to another on Curve, customers are not vulnerable to the price slippage on DEXs. Curve, unlike Uniswap, lends assets on Compound when they aren’t being traded and pays liquidity providers interest on those loans. Curve was created as an alternative to trading stablecoins on general-purpose DEXes like Uniswap, which have algorithms that aren’t designed for such transactions. Curve’s debut resulted in increased liquidity and more competitive prices for stablecoins. As interest rates in money markets changed, DeFi lenders might quickly and efficiently switch from  USDT to USDC or USDC to DAI etc. Curve is an Ethereum-based exchange liquidity pool. The Curve is built for incredibly efficient stablecoin trading and low-risk trading fees go to liquidity providers and veCRV holders. Curve currently offers over 40 distinct official liquidity pools, with the tricrypto2 (USDT / wBTC / WETH) and 3pool (DAI / USDC / USDT) being two of the most popular. However, it’s worth noting that pegged asset trading is still a big part of the market. CRV Token CRV is the Curve protocol’s governance token. It is primarily utilized to incentivize liquidity to the platform. The rise in capital benefits Curve users because it gives more trading liquidity and decreases slippage for end-users. Voting, staking, and raising rewards can be gained by using the CRV token. Users can participate in the community and can introduce or vote on proposals.  Depositors can obtain 50% of all trading fees generated by the protocol by staking their CRV tokens. Liquidity Providers can use boosting to increase their CRV awards by up to 2.5x. To access all of these features, token owners must lock their CRV in Curve for vote-escrowed CRV (veCRV) in exchange. The longer the CRV is locked in Curve, the more veCRV you received. For example, 1,000 CRV locked for a year produces 250 veCRV, but the exact amount locked for four years produces 1,000 veCRV. As a result, the longer the lock-up period, the greater the user’s voting power and incentives. This ensures that token holders are invested in the protocol’s long-term success. Curve Token Distribution The following groups received CRV tokens as part of the initial token distribution: 61% to pre-CRV liquidity providers with a one-year vesting period; 30% to shareholders (founders and investors) with a 2-4-year vesting period; 3% to team members with a two-year vesting period; and 5% to the community reserve. The remaining 57 % of the overall maximum supply will be given in stages to future liquidity providers as incentives. Despite the original supply of 1.3 billion, the effective circulating quantity of CRV was zero at launch, due to vesting schedules. Based on this timeline, the inflation of released CRV is expected to be large in the next few years. Only 11.2 percent of the supply is in circulation as of March 10, but that number is expected to rise to 3.37 billion in five years. How to Trade on Curve DEX? Similar to most DeFi applications, you have to allow Curve protocol on your wallet to interact with your DAI or USDC balance before you can trade. Select the asset you’d want to convert (for example, USDC) and the amount (for example, 1,000) on the exchange; the exchange rate and quantity you’ll receive (including all slippage and costs) will be displayed. Curve’s value is in its ability to surprise you with its exchange rate.  Fees Currently, all pools have a 0.04 percent fee, 50% of which goes entirely to liquidity providers and 50% to veCRV holders. There is no charge for administration. DAO members have power to determine fees and pool specifications. What are Liquidity Pools? Liquidity pools are a type of smart contract that contains a pool of tokens. If you were to make a pool of DAI and USDC, one DAI would equal one USDC. You would have the same number of tokens in the pool, … Continued

The post Curve Protocol : Leading DEX for Stablecoins appeared first on Cryptoknowmics-Crypto News and Media Platform.

Bitcoin has been trading sideways in the past few weeks. It is still consolidating between the $36K and $45K levels, liquidating both bulls and bears on multiple occasions. With the current economic and geopolitical uncertainty, it would be wise to consider the worst possible case and plan it. Technical Analysis By: Edris The Daily Chart: On […]

Exciting open vacancies at Monzo, Klarna and Railsbank. Apply today!

The post These 5 Platforms Will Help You Conveniently Manage Your Crypto Portfolio appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

As mainstream interest in cryptocurrency grows, it becomes essential for users to manage their portfolios well. Even when investing in a handful of currencies, keeping tabs on their price-performance remains critical. Several platforms and tools make it easier to do so, although they have different approaches to achieving this goal. CoinStats  Having access to your …

Perth, Australia, 10th March, 2022, Chainwire   Ninja Syndicate announces three new crypto industry partnerships for their metaverse gaming platform as they prepare for their public utility token sale.

Fundamental aspects of Bitcoin’s properties are at risk if privacy isn’t viewed as paramount to further development.

A professional investor looks at NFTs as an emerging asset class.

The time has finally come for the highly anticipated and long-awaited SundaeSwap DEX on the Cardano network. There is no question that DEXs such as Uniswap, SushiSwap and QuickSwap have changed the financial landscape and completely redesigned what was once thought impossible in a financial ecosystem. Decentralized Finance (DeFi) is growing at breakneck speeds and is enjoying rapid rates of global adoption as more […]

The post SundaeSwap: Decentralized Finance on Cardano appeared first on Coin Bureau.

A burger chain known as Shake Shack is giving crypto traders a reason to eat at its establishments. Any purchases made at a Shake Shack location using the Cash App will get rewarded with bitcoin. Shake Shack Is Experimenting with Bitcoin Customers who use the Cash App to purchase items from Shake Shack can receive...

The post Shake Shack Unveils New BTC Rewards Program appeared first on Live Bitcoin News.

The post Cake DeFi Continues Strong 2021 Momentum By Launching A $100m Corporate Venture Arm appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Funding ongoing developments in Web3, gaming, and fintech creates a competitive edge for industry participants. For example, cake DeFi, the well-respected one-stop shop for decentralized finance, set up a $100 million fund to support startups worldwide. It marks a crucial milestone for the industry and confirms the need to build products, services, and infrastructure.  Cake …

According to a report by Reuters on Monday, President Joe Biden is planning to concern an government order on cryptocurrency coverage this week, citing a supply conversant in the scenario. The article claims, the order, which might intention to nominate an individual with regulatory authority to supervise the crypto market, might come as early as […]

The post Biden Plans To Sign Executive Order on Crypto Sometime THIS WEEK… | Live Breaking Cryptocurrency News | Global Crypto Press appeared first on Bitcoin Upload.