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vEmpire DDAO introduces staking in ApeCoin

vEmpire DDAO, the global NFT investment organization, GameFi platform, and metaverse, has introduced staking for the ApeCoin cryptocurrency. The yield on staking starts in triple digits, CoinJournal learned from a press release.

Growing the number and range of use cases

Previously, ApeCoin could only be used for purposes related to governance, giving holders the right to vote on ApeCoin ecosystem fund distribution and allowing them a say in matters related to the ApeCoin DAO.

Now that an APE staking pool has been launched, ApeCoin holders can earn interest while obtaining greater exposure to the ecosystem throughout the year.

Rendering holdings productive

With each APE staked, vEmpire will buy additional assets based on APE and play games within the ApeCoin ecosystem. This will make investors’ APE holdings productive, enabling them to generate passive income.

vEmpire CEO Dominic Ryder said:  

Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making the investment in Metaverse assets more accessible, rewarding, and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most. vEmpire is committed to offering the best investment opportunities to not only our community but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year.  

About ApeCoin

ApeCoin is an ERC-20 utility and governance token deployed within the wider ApeCoin ecosystem, which has undergone huge growth since its launch on March 17. The coin quickly soared to #45 by market cap.

At the time of writing, APE was trading for $12.82 with a 24-hour trading volume of $842 million. ApeCoin is down 7.49% today.  

 

The post vEmpire DDAO introduces staking in ApeCoin appeared first on Coin Journal.

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Skale Network token flies into top 100: top places to buy SKL

Skale Network’s token SKL rallied yesterday, entering the top 100 crypto coins by market cap. It currently ranks 89th and has added more than a fifth to its value today.

One reason is increased interest in the blockchain from developers. Yesterday, Skale announced that CLET Name Service would be launching on the platform.

Look no further than this short article for all the details on SKL: what it is, is it worth investing in, and the best places to buy SKL.

Top places to buy SKL now

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

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

What is SKL?

SKALE describes itself as an elastic ecosystem aiming to improve Ethereum scalability. It also intends to reduce payment costs and latency and boost transaction capacity.

The project wants to make building and running dApps possible in a decentralized modular cloud that can be tailored to individual, real-world requirements. It also places an emphasis on security.

Developers building on SKL can perform Solidity smart contracts multiple times faster at a fraction of the cost on the Ethereum Mainnet. Some content streaming services and games are already taking advantage.  

Should I buy SKL today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.  

SKL price prediction

CryptoNewsz makes a positive short-term prediction. SKL will go up to at least $0.42 this year. The minimum price of SKALE Network’s token in 2023 is expected to be $0.50. The maximum SKL price is anticipated at $0.57 next year.

SKL on social media

The post Skale Network token flies into top 100: top places to buy SKL appeared first on Coin Journal.