Monat: März 2022

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Alephium announces a video creation contest with 10,000 ALPH in prizes

  • The contest seeks to unveil “compelling introductory videos” free of tech jargon, but which highlight Alephium’s value proposition.

Alephium, a high-performance and scalable blockchain that was the first to implement native shard transactions, has announced a video creation contest as it seeks to “attract and engage new users.”

Creators will compete to earn from a prize pool of 10,000 ALPH, the Swiss-based blockchain platform said in an announcement shared with CoinJournal on Thursday.

An accessible gateway to Alephium

One of the barriers to greater adoption of crypto and the underlying blockchain technology is the “complex” nature of the concepts to new users.

In most cases, it’s the less tech-savvy that find it hard to wrap their heads around some features and functionalities. Alephium’s novel Proof-of-Work mechanism, ETH-inspired smart contracts and UTXO model could be such hurdles.

Cheng Wang, the co-founder of Alephium said:

“We need something that can serve as an accessible gateway for new users, we need great introduction videos. Our community members have amazed us with their content creation skills to date, so I’m confident this video creation contest will help us gather creative videos that best describes Alephium.”

Videos should be tech-jargon free

The easy-to-understand video will cover all the basic introductory topics as articulated in “Welcome to Alephium,” the team said in their press announcement.

Participants will be expected to create a five-minute or less video. The community can do the video in any language. They also have creative license to use cartoons, 3D animations, and voiceovers with premium slides.

However, the content should be free of tech jargon and should include links to whitepapers, Github and social media channels, whitepapers.

How to submit the Alephium video

The contest will run until 15 April 2022, with all legible video entries submitted by 23:59 CET on the said date. Contestants will need to upload their videos on YouTube or Vimeo, with tags #Alephium and #ALPH.  

Once done, creators should submit a link to the video and their email address using the contest’s official submission link.

Interested users are encouraged to familiarise themselves with contest guidelines, or contact the team via Discord, Telegram, and Reddit.

Alephium’s mainnet went live in November 2021 and offers a highly efficient blockchain infrastructure environment for decentralised applications (dApps) and decentralised finance (DeFi) protocols. 

ALPH has traded 7.5% higher in the past 24 hours, with the ALPH/USDT pair hitting highs of $0.25 in early deals. The coin’s all-time high is $1.19 reached on 20 January 2022.

The post Alephium announces a video creation contest with 10,000 ALPH in prizes appeared first on Coin Journal.

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Bancor gaining steadily: best places to buy Bancor

Bancor has been gaining steadily since a recent eToro listing. At the time of writing, its price is $2.30 with a 24-hour trading volume of $21.4 million. The token has added almost 4% to its value in the last 24 hours.

Look no further than this short article to find out what Bancor is, if it’s worth buying, and the best places to buy Bancor now.

Top places to buy Bancor now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy BNT with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy BNT with Capital.com today

What is Bancor?

Bancor is described as only decentralized staking protocol that lets users generate income with full protection from impermanent loss and single-token exposure. It was created in 2017, making it the first DeFi protocol in history.

Deposits earn millions in fees per month from Bancor. It offers as much as 60% APR on ether, Wrapped Bitcoin, AAVE, LINK, MATIC, and more. Bancor is owned by its community as Bancor DAO.

The ecosystem’s token BNT lets traders provide liquidity for the pools available on the network. Liquidity can be provided by anyone.

Liquidity providers may receive fees for trades that pass through any pool they have contributed to. They get pool tokens that represent their share of fees, liquidity, and mining rewards in the pool.

Should I buy Bancor today?

Bancor’s BNT can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Bancor price prediction

CryptoNewsz is moderately bullish on Bancor. According to them, the highest BNT can go to this year is $3 provided that investor confidence keeps growing. In 2023, it can achieve a price of $3.55.

Considering the technological innovations Bancor has planned in 2024, its price may reach $3.77 that year.

In 2025, Bancor’s community initiatives focusing on outreach, education, and innovations can bring the price up to $3.70. The analysts consider this the bare minimum. The maximum price the token can achieve is $4.69.  

Bancor on social media

The post Bancor gaining steadily: best places to buy Bancor appeared first on Coin Journal.

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GMT Token added a tenth to its value today: here’s where to buy GMT Token

GMT Token recently added a new way to help crypto enthusiasts buy its native asset. In addition to the crypto-to-crypto method, GMT is now cooperating with Advcash to ease the process of buying it.

If you are attracted to unique features and want to learn how and where to buy GMT Token, this guide is for you.

Top places to buy GMT Token now

As GMT is such a new asset, it’s yet to be listed on major exchanges. You can still purchase GMT using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GMT right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for GMT

Now that you’re connected, you’ll be able to swap for 100s of coins including GMT.

What is GMT Token?

GMT Token is billed as a token backed by real assets that brings in daily BTC income to its owner. Each GMT is backed by real computing power (TH/s) via the SHA-256 protocol. The protocol runs on Ethereum.

The initial issue was 100,000,000 tokens on the Ethereum blockchain platform, which are backed by 100,000 TH/s, so 1 GMT = 0,001 TH/s.

GMT’s team is constantly introducing additional capacities and carrying out additional emissions of the GMT token. Their main goal is to bring the number of tokens in circulation up to 10 billion GMT.

Following each additional emission, the team activates the mechanism of burning 20-100% of new tokens, which leads to an increase in the profitability of GMT.

The released computing power is redistributed among all GMTs in circulation, increasing the computing power that provides tokens as well as mining income.

Should I buy GMT Token today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

GMT Token price prediction

Digital Coin Price foresees a long-term price increase. The coin is trading for $0.24 at the time of writing. They predict it will trade for an average of $0.31 this year, up to a maximum of $0.33. In 2023, it will be worth at least $0.31. It can go up to $0.40.

In 2024, the minimum price is $0.29 and the maximum one predicted is $0.41. In 2025, its price will range from $0.41 to $0.51.  

GMT Token on social media

The post GMT Token added a tenth to its value today: here’s where to buy GMT Token appeared first on Coin Journal.