Merchant token ICO project DeFi

Project DeFi in 2021 is the Merchant token ICO. This is a very potential project because it is backed by the HIPS Payment Group (hips.com).

Merchant token has a total of 50,000,000 tokens being sold at the Public-sale participants (ICO) round and divided into 100 rounds of sale currently sold at round 23 (Current phase 23) with the current price of 0.42 $ / 1 MTO tokens . The Merchant token price is gradually increasing round by round until the end of the ICO ie round 100, the price will be $ 1.2 3 times the current price. And when listing on the market it will be many times more. Because of the support of many large corporations, it has only been sold for 2 days, but has sold to the 23rd round and has earned nearly $ 4 million.

The number of people participating in the Merchant token project is increasing because in April 2021 Merchant Token will announce the sponsor of the first largest project, by May 2021 Merchant Token will announce the investor. support for the 2nd largest project, so the number of participants will be increasing. Those who participate first will have high profits and slower profits will be less.

Register to participate in the project at the following link: https://merchanttoken.org/?ref=2C2CZ0HP3

Until today round is 28, the current price is $ 0.47 and there are 72 more rounds to the end and the price will increase gradually up each round when the end of the 100 round ico price will be $ 1.2 3 times the current At and when listing on the coin market, the price will be many times higher because this is a prestigious project with investment from large international corporations, do not miss the opportunity.

The move to fully decentralized pushes the Maker (MKR) price above $ 4,000

Maker prices rise to an all-time high as the community prepares for MakerDAO to become completely decentralized.

Stablecoins have become an important platform for the crypto sector as they serve as a highly liquid base pair for most coins, and also provide investors with a safe place to go. to make a profit. The data also shows that stablecoins play a key role in acting as a gateway to capital inflows into the crypto ecosystem.

While the largest stablecoins on the market are currently controlled and issued by centralized institutions like Tether or Circle. The DAI and its publisher Maker (MKR) is one of the stablecoin projects that adhere to the decentralized features that the crypto community expects.

Data from TradingView shows that MKR prices have risen almost 100% over the past week, rebounding from $ 2,011 on April 7 to an all-time high of $ 4,102 early this morning due to increased trading volume. strong.


MKR 4-hour chart

Motivation for MKR has increased in recent weeks as the ecosystem focuses on making the protocol completely decentralized and community-regulated.

Governance has emerged as one of the most sought-after features in the 2021 bull market, as part of the broader DeFi movement. MakerDAO offers one of the most active governance experiences in the cryptocurrency sector.


Source: Twitter

“As the community prepares for full decentralization, these are the key ingredients for creating a self-sustaining MakerDAO.”

Holding the MKR is a must to participate in protocol management. More and more governance proposals for voting have led to higher demand for MKR, pushing its prices higher.

Demand for DAI drives Maker prices up

As mentioned before, one of MakerDAO’s main tasks is to manage the stablecoin DAI, which has seen a significant increase in total supply in 2021 as it gets better, algorithmically controlled. in maintaining its exchange rate with the US dollar.


DAI supply versus price

The growth in DAI supply is partly due to its use over several DeFi protocols including AAVE, Compound (COMP) and Cream Finance (CREAM) as a suitable choice for a decentralized stablecoin.

New DAI is created by locking collateral like Ethereum (ETH) or ChainLink (LINK) into MakerDAO’s vault and generating DAI based on that.

Due to this mechanism, the supply of DAI is increasing concurrently with the increase in the total locked value (TVL) in the Maker protocol, making the project the second DeFi protocol after Compound with a TVL of $ 9.28 billion. la.


Total locked values ​​on MakerDAO

As TVL on MakerDAO steadily increases with DAI supply, fundamental metrics including an increase in social media activity begin to signal an approaching upside price move.

With altcoins now moving again and the DeFi sector warming up as evidenced by increased ecosystem-wide TVL, MakerDAO could go even higher as it is the top choice for investors wants to interact with DeFi protocols based on the Ethereum network.

TIME Magazine invests in Bitcoin

Recently, popular magazine TIME partnered with giant Grayscale to launch a series of educational videos about cryptocurrencies and, more specifically, agreeing to pay in Bitcoin.

The partnership was announced on April 13 by Grayscale’s chief executive, Michael Sonnenshein. He stated that TIME and the president of the magazine, Keith Grossman, will officially accept payments in Bitcoin.

Moreover, TIME has no intention of converting the Bitcoin they receive through transactions into fiat money but will keep the crypto assets on its balance sheet.

Source: Twitter

TIME was first published on 3/3/1923. With the recent boom in the crypto market, TIME has entered the field, especially the NFT. In March, Time magazine auctioned off three NFT covers of the famous Is God Dead design.

This event makes TIME the 33rd publicly traded company to hold Bitcoin on its balance sheet. TIME joins the ranks of leading US companies, Microstrategy, Square, and Tesla.

The deal marks a vital partnership between the giants of the crypto world and mainstream companies. Grayscale was founded in 2013 and has a $ 46 billion crypto asset under management, covering about 3% of Bitcoin’s total circulating supply.

Crypto.com will be an extremely quality fulcrum for Finxflo (FXF) in the new partnership

Crypto exchange platform and token issuer Crypto.com will provide liquidity in a new partnership with Singapore-based combined liquidity aggregator Finxflo.

Crypto.com said it will join Finxflo (FXF) as the company’s first liquidity provider, allowing the exchange to increase trading volume and minimize market volatility.

In general, liquidity aggregation tools can allow cryptocurrency traders to take advantage of deeper pools of liquidity and more favorable price exchange execution.

Finxflo CEO James Gillingham expressed a desire to remove barriers associated with cryptocurrency trading and streamline the experience for new retail investors. He shared: “As we continue to increase liquidity, we are able to offer the best prices possible across the liquidity pool from institutional investors to price-sensitive retail traders”.

Finxflo (FXF) is a very remarkable project at the moment. With the high-quality support from Crypto.com, the future of Finxflo (FXF) is full of potential. There are very few “nascent” projects that have such great backing. Keep in mind that Crypto.com is an official member of the global Visa network, the platform’s CRO token is in the top 30 by market cap.

Although, both sides have not posted official information on their personal pages. But just 11 hours ago, Finxflo opened up about this relationship when the 50 USDT airdrop gave the first correct prediction.

This is reinforced even more when we visit Finxflo’s homepage, you will see the presence of Crypto.com in it, along with many other giants like FTX and Fireblocks.

Cryptocurrencies.AI will be the next project to be offered for sale on Launchpool

Cryptocurrencies.AI will issue CCAI tokens on Launchpool, the most popular token sale platform today.

Cryptocurrencies.AI is a centralized (CEX) and decentralized (DEX) hybrid exchange platform, built on the Solana blockchain. The platform claims to deliver a next-generation trading experience with professional trading tools available only on CEX and DEX’s high liquidity and low cost.

Cryptocurrencies.AI prides itself on receiving support from major institutions in the crypto industry, including Binance and Alameda Research, and looks forward to further development in the wake of the current boom in the crypto market. chemical.

The CEO and co-founder of Hisham Khan of Cryptocurrencies.AI said:

“We’re thrilled to be launched on Launchpool. The mission is to bring cutting-edge crypto trading products yet simple to use. We firmly believe that the Launchpool launch event will be fair to everyone. “

Hence, Cryptocurrencies.AI decided to choose Launchpool as the CCAI cryptocurrency issuer of the project. CCAI will be allocated to Launchpool users who participated in the staking of LPOOL tokens. Specific information about the sale, timing and participation requirements will be confirmed by the two parties later.

Market correction, what’s next for the DOT, UNI and DeFi index

The DeFi Index has been down since hitting a new all-time high on March 20.

Uniswap (UNI) hit an all-time high of $ 36.80 on March 23 but fell sharply shortly thereafter.

Polkadot (DOT) has risen since Feb. 23. However, it did not reach a new all-time high.

Polkadot (DOT)

After falling from an all-time high of $ 42.28 on Feb. 20, DOT bounced three days later and produced a very long bottom wick.

The recovery happened right at the 0.5 Fib retracement level.

While DOT has risen since then, the increase appears to be corrected due to significant overlap.

Technical indicators are declining. The MACD is in the negative zone and the RSI fell below 50. The Stochastic oscillator created a bearish cross and is moving down.

Hence, DOT may be in wave C of the A-B-C regulatory structure.

If so, it can drop to the 0.618 Fib retracement level at $ 23.50. This will also give waves A: C a 1: 1 ratio.


Daily DOT / USDT Chart | Source: TradingView

Highlights

  • The technical indicators on the daily timeframe are declining.
  • DOT may be in wave C of the A-B-C tuning structure.

UniSwap (UNI)

UNI hit an all-time high of $ 36.80 on March 23 but fell sharply shortly thereafter.

It created a shooting star candle, which often resulted in a bearish reversal. Furthermore, UNI has now dipped below the $ 32.80 zone, which is likely to act as a resistance.

The technical indicators on the daily timeframe are declining.

Stochastic oscillator indicator generated a bearish cross. MACD has cut to the negative zone. While the RSI is above 50, it is moving down.

Therefore, the most likely scenario would be the DOT falling to the support zone of $ 27.43 or $ 25.22. These are the 0.5 & 0.618 Fib retracement levels.

The latter level is also a horizontal support level, increasing its importance.


Daily UNI / USDT chart | Source: TradingView

Highlights

  • There is resistance at $ 32.80.
  • There is support at $ 27.43 & $ 25.22.

DeFi Index

The DeFi indicator movement is similar to that of UNI. After hitting an all-time high of $ 2786 on March 20, a decline took place.

This causes the price to drop below the $ 2580 zone, which is currently acting as resistance. Until this area is recovered, we cannot see the trend as bullish.

The technical indicators have yet to be decided. While the MACD is decreasing and in the negative territory, the RSI has created a hidden bullish divergence.

The Stochastic oscillator is declining, but has not yet produced a bearish cross.

Furthermore, there is strong support at $ 2250.

Therefore, the DeFi could rise close to this level and make another attempt to hit a new all-time high.

Daily DEFI / USDTDREP Chart | Source: TradingView

Highlights

  • There is resistance at $ 2580.
  • There is support at $ 2250.
Survey: 72% of US recognized investors are planning to invest in DeFi in 2021

A recent survey revealed the latest trend of recognized investors in the United States, targeting the decentralized financial (DeFi) sector. Research shows that the majority of them are likely to invest in DeFi this year.

70% of respondents have invested in Bitcoin

According to Xangle that surveyed 379 recognized investors, 67% of whom had some knowledge of DeFi. Overall, such respondents claim to have developed a significant interest in the crypto industry over the past year or so.

But the level of interest was even more, as 72.2% of them said it was “very likely to invest” in DeFi over the next 12 months.

According to the study, only 17.5% of accredited investors think they are “likely to invest”.

Furthermore, the crypto asset disclosure platform found that respondents invested more now than before the Corona virus epidemic. According to the figures, 70% of US recognized investors have invested in Bitcoin.

Additional corseting:

“Investors surveyed see Bitcoin as a store of value that will bring high returns, either through short-term investments or by buying and holding.”

However, respondents believe that there is a lack of regulations regarding the protection of users in the crypto industry, including DeFi. According to the study, 78% of them think “regulators need to protect investors more”.

“Survey respondents believe that what makes investors turn their backs on cryptocurrencies is the lack of regulatory protection, fraud, lack of industry awareness and education.”

Bitcoin remains “the top choice for future profits”

Although there is a lot of interest in investing in DeFi, the survey concludes Bitcoin is still the top choice “for future returns”.

Xangle explained that if accredited investors have $ 100,000 to invest but have to leave it for four years, “31.7% would choose Bitcoin while 29% would go to blue-chip stocks as an investment. better investment ”.

Lihan Lee, co-founder of Xangle, commented on the survey:

“The survey results confirm our belief that accredited investors are excited about investing in crypto assets, but they are hesitant to lack regulatory protection, fraud and lack of industry awareness and education. It is extremely important to the industry as a whole to promote and give this new wave of investors everything they need to ensure a positive experience and keep investing.

Xangle has implemented the following guidelines to determine who qualifies as a “recognized investor” for the survey:

“Our 379 respondents are considered accredited investors. Those are the people who can trade securities that are probably not registered as cryptocurrencies. According to SEC Rule 501, they must have a minimum income of $ 200,000 for an individual – 71% of our respondents – or a total income of $ 300,000, accounting for the remaining 29% of us. .

Alchemix announced a $ 4.9 million raise led by CMS, Alameda and e-Girl Capital

Today, a venture capitalist (VC) in the world of decentralized finance (DeFi) announced a $ 4.9 million raise by large venture capital groups in the industry as well as a handful of companies. new standout lead.

Alchemix is ​​DeFi loan protocol, loan that automatically repaid via deposit into other profitable protocols. Today, they announced on Discord a $ 4.9 million raise led by 10 investors including CMS Holdings and Alameda Research, as well as emerging crypto VC players like eGirl Capital.

Other investors are Immutable Capital, Nascent, Protoscale Capital, LedgerPrime, Fisher8 Capital, Orthogonal Trading and an unidentified “individual”.

Team leader Scoopy Trooples at Alchemix said:

“Alchemix aims to be one of the most important lego money in the Ethereum ecosystem. It was the pinnacle of countless innovators and a great idea with so much effort from our team. […] We are delighted to have the support of so many reputable investment companies. With their support, we can make Alchemix even better ”.

Unlike many recent venture investments in DeFi protocols, the Alchemix team has worked hard to reveal the terms of the funding round. According to their Discord post, the team sold tokens from the treasury allocation for around $ 700 per ALCX, ranging from $ 680 to $ 800 according to the token’s trading range on the day of the sale – March 11.

The post states that this sale provides the equivalent of 1 year quantity for the team and specifies that the team cannot sell any allocated tokens for 1 year and for new investors 3 months. The newly raised funds will be used for audits, contractors, recruiting, marketing and community efforts.

Alchemix is ​​part of DeFi’s “Generation 2” movement, a group of projects that build on previous protocols, that are doing better in the broader market.

CL, a partner at e-Girl Capital, excitedly talked about the project’s potential.

“Personally I think the team is very capable, very optimistic about the project as record numbers of stablecoins continue to be minted daily and flow into the DeFi protocols. The idea of ​​immediately being able to spend profits in the future is very potential ”.

This investment drives the growing trend of traditional legal entities and venture capitalists entering fundraising rounds alongside many newer and perhaps not so popular institutional investors. However, as the tools for DAOs and smart contracts for managing funds become more sophisticated, anonymous individuals and organizations may be looking for ways to get more press releases.

Chainlink is set to spike on its dynamic NFT release, says KOL Tyler Swope

Renowned analyst Tyler Swope is putting Chainlink (LINK) in the spotlight as the oracle project prepares to dive into the irreplaceable token space (NFT).

In a new video, Swope talked about the little-known connection between Chainlink and this emerging digital arts industry.

The analyst emphasized that the number one oracle project in the crypto space has been, and is, participating in the booming NFT and gaming market. Swope notes that the team outlined different strategies for generating dynamic NFTs by June 2020.

The Chainlink blog post defines dynamic NFTs as: “… Permanent smart contracts use oracles to communicate and react to external data and systems. Oracles allows NFT to use external data / systems as a mechanism for casting / burning NFT, peer-to-peer transactions, and checking status.

The oracle project is not only studying how to get into the NFT space, but Swope notes that Chainlink’s Verifiable Randmoness Generator (VRF) is already working and adding value to the field.

“If you haven’t already, Chainlink has their VRF. Chainlink’s oracle nodes generate a random number that is then included in the smart contracts. VRF has been active on mainnet since October of last year and provides dynamic capabilities to NFT through randomness. ”

NFT projects like the Ether Cats have implemented Chainlink VRF on their platform to create dynamic NFTs.

Additionally, Swope notes that Chainlink can add dynamism to the NFT by attaching real-world events or results to a digital asset.

“It doesn’t just stop there… Real-world events can be incorporated into the NFT. What about casting NFT cards based on a hat trick, or a linked player’s real-life stats? In it, Chainlink can create an actual data source to determine the value of the tag. ”

Chainlink is also positioned to use dynamic NFTs in the area of ​​identity verification, Swope stressed that the team mentioned this in their blog about the NFT.

Chainlink allows smart contracts to query identity-based blockchains to verify personal information as well as append data to a person’s identity based on results from another business process.