Monat: Februar 2024

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Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

  • Starknet launches STRK token with 1.3M wallet Airdrop, OKX to list the token for trading.
  • The first STRK trading pair on OKX will be STRK/USDT.
  • Pullix (PLX) token price has increased from an initial price of $0.04 to $0.1 in its second-last presale stage.

In a dynamic week for the crypto space, Starknet’s STRK token has taken the spotlight with a massive Airdrop to 1.3 million wallets. Simultaneously, leading exchange OKX has announced the listing of STRK, creating a buzz in the community.

Adding to the fervour, Pullix’s PLX token enters its penultimate presale stage, promising unique features and a lucrative investment opportunity.

Let’s delve into the details of these groundbreaking developments.

Starknet’s STRK airdrop makes waves

Starknet, the Ethereum-based ZK-Rollup Layer 2 network, has unveiled its highly anticipated STRK token through an extensive Airdrop campaign. The Starknet Foundation, responsible for the token launch, is distributing STRK to approximately 1.3 million wallet addresses.

The STRK token is the native token of Starknet network and it plays a pivotal role in decentralization and governance within the network. Starknet enhances scalability for decentralized applications (dApps) using an Ethereum-based ZK-Rollup Layer 2 while ensuring the robust security of the Ethereum settlement layer.

OKX listing the STRK token

OKX Exchange, a major player in the cryptocurrency market, is set to provide its users with access to Starknet’s STRK token. The exchange’s decision to list STRK follows the highly anticipated Airdrop announcement, further fueling expectations for increased liquidity and trading opportunities.

The STRK token will be tradable on the OKX exchange from February 19th at 09:00 AM local time. Users can also withdraw their STRK tokens starting February 21st at 04:00 AM local time. The initial trading pair offered is STRK/USDT, with additional pairs possibly emerging based on user demand and market conditions.

The move by OKX to list STRK suggests that other prominent exchanges, including Binance, may soon follow suit. This potential expansion to other major exchanges could contribute to the broader adoption and recognition of Starknet’s innovative Layer 2 solution.

Pullix: seizing the future of DeFi

In the realm of decentralized finance (DeFi), Pullix is carving its niche with the PLX token, currently in its second-last presale stage. Offering a unique approach to trading, Pullix positions itself as a pioneer with a hybrid exchange, blending centralized and decentralized features for an enhanced user experience.

The PLX token sets a precedent as the first “Trade-to-Earn” cryptocurrency. Holders enjoy benefits such as passive income, trading discounts, and exclusive rewards from the platform’s daily revenues.

As Pullix advances through its presale stages, the PLX token is currently available at $0.1 up from the initial price of $0.04. The presale has raised $5,676,776 so far showing the high demand among investors.

To purchase the PLX token before the price makes its final presale increment, visit the official Pullix website.

Conclusion

Starknet’s STRK token, with its groundbreaking Airdrop and listing on OKX, showcases the continued innovation within the blockchain ecosystem. Simultaneously, Pullix’s PLX token disrupts the traditional DeFi landscape, offering a compelling blend of features that could redefine the future of cryptocurrency trading.

As these projects unfold, the crypto community eagerly anticipates the impact they will have on the broader digital asset landscape.

The post Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage appeared first on CoinJournal.

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Sushi unveils new decentralized derivatives exchange on Layer N

Sushi, a multi-chain DEX platform, has announced Susa, a new perpetuals exchange that it says will redefine the derivatives exchange space.

The new platform is built with the technology of Ethereum scaling solution Layer N, Sushi said in an announcement.

Sushi’s new perpetuals exchange

Susa, the Sushi team says, is a “natural evolution of SushiSwap” as the DEX grows into a DeFi super ecosystem. It aims at delivering high-speed transactions, targeting 100,000 TPS with under 1 millisecond of latency. 

The perpetuals exchange will also feature deeper liquidity and greater on-chain capital efficiency.

Tapping into Layer N’s Nord Engine and achieving these features will see Susa rival centralized exchanges. Its goal is to bring the centralized finance (CeFi) experience to the decentralized finance (DeFi) perpetual trading market, Sushi noted in the blog post.

“Launching our perpetual DEX aims to capture the largely untapped market of perpetual trading, consistent with our multi-chain exploration strategy for growth. With perpetual DEXs comprising a small share of the market, introducing Susa highlights our drive for innovation. We look forward to introducing Susa to Sushi users and the DeFi community,” Sushi’s Head Chef, Jared Grey, said.

SUSHI, the governance token on Sushi traded at $1.21 on Wednesday, with reaction to the news largely muted as Bitcoin stole the show with its spike above $51k.

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Bitcoin hits $51k: Will BTC reach new ATH before halving?

  • Bitcoin hits $51k as bulls roar into life following Tuesday’s markets reaction to CPI data.
  • BTC price rose to highs of $51,708 on Coinbase, with its market cap back above $1 trillion.
  • Will BTC reach new ATH before halving?

Bitcoin (BTC) price skyrocketed past the $51,000 level on Wednesday morning, recouping all losses suffered as the benchmark crypto mirrored stocks on Tuesday.

The gains have seen the pioneer crypto reach a market capitalization of $1 trillion, a milestone last seen in December 2021. 

According to data from CoinGecko, the price of Bitcoin hovered around $51,500 early morning on February 14. The BTC/USD pair traded more than 2% up across major cryptocurrency exchanges, with prices on Coinbase having shot to an intraday high of $51,708 as of writing.

As BTC bulls eye a higher move, is Bitcoin poised for a march to a new all-time high pre-halving? With BTC showing fresh signs of an upside continuation, some analysts are saying the cryptocurrency could surge to higher levels in coming weeks. Crypto investor and analyst WhalePanda noted on X:

The upcoming BTC halving and the massive demand witnessed within the spot Bitcoin ETF market are key catalysts. For the latter, there were nearly $631 million in inflows on Tuesday. 

Data shows BTC spot ETFs have recorded net inflows for thirteen consecutive trading days, with cumulative net inflows at $3.89 billion as of February 13.

Bitcoin’s halving is set for April this year. 

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First-ever ICO on Bitcoin blockchain launches in under 1 hour

  • First-ever ICO on the Bitcoin blockchain, Bitcoin Dogs, is set to launch in under 1 hour.
  • Bitcoin Dogs revolutionizes the Bitcoin ecosystem by introducing gaming, NFTs, and staking.
  • Anticipation is high among crypto investors waiting to take up some of the 810 million 0DOG tokens up for sale in the presale.

In a groundbreaking move set to reshape the cryptocurrency landscape, the first-ever Initial Coin Offering (ICO) on the Bitcoin blockchain is set to launch in under one hour. With the launch of the first BRC-20 ICO, Bitcoin Dogs, a pioneering project, is set to mark a historic moment for the Bitcoin community.

Bitcoin Dogs introduces a fusion of gaming and Non-Fungible Tokens (NFTs) on the Bitcoin blockchain, leveraging the Ordinals protocol, which brings the BRC-20 token standard to Bitcoin’s Layer 2 environment.

High anticipation among enthusiasts

At the core of Bitcoin Dogs lies the 0DOG token, which serves as the cornerstone of its interactive game and collection of 10,000 NFTs. With the launch of the ICO imminent, anticipation is high as enthusiasts eagerly await their opportunity to participate in this historic event.

The ICO/presale for 0DOG tokens is set to offer a total supply of 900 million tokens, with 810 million tokens up for grabs during the presale period.

The 0DOG presale will last only 30 days, with an end date of the 15th March 2024, when it will become available for trading. The token sale will start with stage 1, priced at $0.015 per token, after which, the price will then automatically increase every 72 hours. The final stage of the presale will see each 0DOG token being sold at $0.0404.

The project aims to challenge Bitcoin Cats, which also launched on the Bitcoin Blockchain about two months ago and currently has a market cap of $24m with a daily trading volume of over $7m.

As the countdown to the launch continues, the excitement surrounding Bitcoin Dogs grows, with early access already available through a waitlist. The project promises a range of possibilities for participants, from trading and staking to community engagement through the Bitcoin Dogs Clubs. With a diverse array of staking pools catering to different levels of engagement, users have the opportunity to earn rewards based on their contributions to the ecosystem.

A new era for Bitcoin

As the first ICO on the Bitcoin blockchain, Bitcoin Dogs is poised to usher in a new era for Bitcoin, offering users an unprecedented level of interactivity and engagement. With its innovative approach to gaming, NFTs, and staking, Bitcoin Dogs aims to inject a sense of fun and community into the Bitcoin ecosystem, attracting users and investors alike.

With just under an hour until the launch, anticipation is at an all-time high as the crypto community eagerly awaits the unveiling of Bitcoin Dogs. As the project prepares to make history, all eyes are on Bitcoin Dogs and its potential to redefine the future of digital assets on the Bitcoin blockchain.

Coincidentally, the ICO comes at a time when Bitcoin (BTC) is making a comeback with its price hitting $50k for the first time since the end of 2021. Bitcoin has attracted a lot of attention in the last few weeks following the approval of spot Bitcoin ETFs in the US and the upcoming Bitcoin Halving event that is known to cause some significant market movements.

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Bitcoin’s rally to $50k could see altcoins surge higher: should you buy Bitbot now?

Key takeaways

  • Bitcoin recently touched the $50k level for the first time since December 2021.

  • Altcoins could rally higher soon and this could see increased investments in projects like Bitbot. 

Bitcoin’s rally to $50k could see more investment in cryptos

The cryptocurrency market has been bullish since the start of the year and Bitcoin’s latest rally could result in more investments in altcoins. Bitcoin, the world’s leading cryptocurrency by market cap, recently touched the $50k mark for the first time since December 2021.

The rally comes thanks to increasing inflows into spot Bitcoin exchange-traded funds (ETFs). As more retail and institutional investors enter the crypto market, there will be a focus on new and exciting projects.

Bitbot could be one of the projects that grab investors’ attention thanks to its unique value proposition. 

What is Bitbot? 

Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that gives users excellent features, enabling them to excel at crypto trading. 

Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. What makes Bitbot an exciting project is the innovative approaches it intends to provide traders. The tool will leverage Telegram’s position as a leading social media platform for crypto users. 

The team also revealed that Bitbot will provide users with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to world-class trading functions. 

As Bitcoin hits $50k, trading volume in the market increases. Bitbot intends to take advantage of the rising trading volume in the crypto market to gain massive adoption in the coming months and years. 

Bitbot’s technological approach to trading

Bitbot is a unique project because it will roll out technological innovations that would benefit traders. The team is working on some tools that would ease the trading process for its users. 

According to their whitepaper, security is one of the primary focus of the Bitbot tool. Bitbot will leverage Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.

Furthermore, part of the funds raised from the presale would be used to develop anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

In addition to that, Bitbot will use ultra-flexible wallet management fuelled by non-custodial API technology to provide an added layer of security to the users. 

With the copy trading feature, Bitbot will make it easier to boost the profitability level of traders. The feature will allow traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale rakes in $557k

The Bitbot presale is moving excellently and has raised more than $550k. The presale is in the third stage and is close to reaching the $630k target. 

The new milestone of $557k shows that Bitbot is gaining fast adoption within the cryptocurrency space. Currently, the $BITBOT token is going for $0.011 but is set to increase to $0.0116 once the fourth round commences. 

Bitbot’s tokenomics is easy as the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale. 

Could Bitbot’s token rally higher in 2024? 

The Bitbot presale will be concluded in the coming weeks and the token will start trading on cryptocurrency exchanges. With the right level of adoption, $BITBOT’s price could reach new highs in the coming months and years.

Other external factors that could positively affect $BITBOT price include the upcoming Bitcoin halving. The crypto market is expected to record a massive rally following the halving and this could positively affect Bitbot and other gems in the market. 

The post Bitcoin’s rally to $50k could see altcoins surge higher: should you buy Bitbot now? appeared first on CoinJournal.