Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Binance to support Render token swap and rebranding, Solciety meme coin launches next week

  • Binance will support Render’s RNDR to RENDER swap, suspending RNDR trades on July 22.
  • Solciety (SLCTY) meme coin, merging politics and memes on Solana, launches June 18 with a 30-day presale.
  • Solciety’s 30-day presale price is structured to increase from $0.000963 in the first stage to $0.002167 in the final stage.

Binance has announced its support for the token swap and rebranding of the popular altcoin Render (RNDR) to Render (RENDER).

Simultaneously, Solciety (SLCTY), a unique meme coin, is set to launch on the Solana network next week, promising to merge politics and memes for the “Degens.”

Binance pledges to supports Render token swap and rebranding

On July 22, 2024, Binance will suspend all RNDR deposit and withdrawal transactions. Additionally, all RNDR spot trading pairs, including RNDR/BTC, RNDR/USDT, and others, will be removed.

Users are advised to complete their RNDR deposits before this date to avoid any inconveniences. The new RENDER trading pairs will become available on July 26, 2024, ensuring a smooth transition for all trading activities.

Binance’s futures trading platform will close all RNDRUSDT perpetual futures positions on July 16, 2024. Similarly, margin pairs involving RNDR will be delisted, and all RNDR loan positions will be closed by July 17, 2024.

Furthermore, Binance Pay will cease support for RNDR gift cards, converting any unused ones to RENDER gift cards automatically.

The technical aspects of this token swap will be managed automatically by Binance, ensuring a smooth and efficient process for all users.

Render tokens will be converted to RENDER at a 1:1 ratio, simplifying the transition.

Upcoming Solciety (SLCTY) meme coin merges politics and memes

Scheduled to launch on June 18th, Solciety (SLCTY) is set to become a notable addition to the Solana blockchain.

By merging politics and memes, Solciety aims to cater to the “Degens,” individuals immersed in decentralized finance and internet culture.

This strategic choice of Solana as the foundation leverages its high-speed transactions and low fees, making it an ideal platform for innovative projects like Solciety.

At the heart of Solciety lies the Meme Campaigner, an innovative meme creation platform. This tool empowers users to generate and customize memes effortlessly, featuring over 200 traits, backgrounds, and fonts.

By integrating news and current events, the Meme Campaigner ensures that memes remain relevant and timely.

Additionally, the platform incentivizes community engagement by rewarding users with presale tokens for sharing their creations on social media, fostering a vibrant ecosystem of content creators and meme enthusiasts.

Solciety (SLCTY) will start with a 30-days token presale

The Solciety presale, commencing on June 18th, will last for 30 days, offering early adopters the opportunity to secure SLCTY tokens at progressively increasing prices.

The presale structure, with price increments every 72 hours, incentivizes early participation and rewards early supporters.

With a total supply of 3 billion SLCTY tokens, Solciety ensures a balanced distribution across various areas, including marketing, development, partnerships, and liquidity, to fuel the ecosystem’s growth and sustainability.

The presale is designed to encourage early participation by increasing prices every 72 hours, rewarding those who invest early.

Early investors can buy SLCTY tokens at $0.000963 during the first stage, with the final presale price projected to be $0.002167.

Solciety has a total supply of 3 billion SLCTY tokens allocated across presale, marketing, rewards, development, partnerships, treasury, and liquidity, ensuring a balanced distribution to support the ecosystem’s growth and sustainability.

The post Binance to support Render token swap and rebranding, Solciety meme coin launches next week appeared first on CoinJournal.

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Chainlink teams up with Fidelity and Sygnum to bring NAV data onchain

  • Chainlink partners with Fidelity and Sygnum to bring NAV data onchain for real-time access.
  • The collaboration enhances transparency and efficiency in NAV reporting using blockchain.
  • This initiative sets a new standard for asset management, highlighting DeFi’s potential.

In a groundbreaking move for the cryptocurrency and financial sectors, Chainlink has partnered with Fidelity International and Sygnum to bring Net Asset Value (NAV) data onchain.

This strategic collaboration aims to leverage Chainlink’s decentralized oracle technology to enhance the transparency and efficiency of NAV reporting, thereby setting a new standard for real-time data accessibility. It underscores the potential of blockchain to transform traditional financial systems and highlights Chainlink’s growing influence in the industry.

Bringing NAV data onchain for real-time updates

NAV is a critical financial metric that calculates the value of a fund’s assets minus its liabilities, divided by the number of shares outstanding.

Traditionally, NAV data is updated at the end of each trading day, which can delay accurate investment reflections.

The collaboration between Fidelity, Sygnum, and Chainlink aims to bringing NAV data onchain thus allowing for accurate real-time updates, offering a significant improvement over conventional methods. This will enhance transparency and efficiency for institutional investors.

Fidelity’s $6.9 billion Institutional Liquidity Fund will be the first to benefit from this innovative approach.

Sygnum’s clients will have access to this onchain data, aligning with Matter Labs’ strategy to move treasury reserves onchain while continuing to invest in high-quality debt securities.

By adopting blockchain technology, Fidelity and Sygnum demonstrate their commitment to innovation and their belief in the transformative potential of decentralized finance (DeFi).

Chainlink is setting a new standard in asset management

Chainlink’s co-founder, Sergey Nazarov, emphasized that tokenized funds offer far greater efficiency benefits compared to traditional methods. He predicts that this approach will eventually become the norm in the asset management industry.

The Depository Trust and Clearing Corporation (DTCC) has also recognized the potential of onchain NAV data.

In a recent industry pilot using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the DTCC explored extending its Mutual Fund Profile Service to include onchain NAV data. According to the pilot report, the pilot demonstrated that delivering structured data onchain could embed foundational data into numerous use cases, such as tokenized funds and smart contracts holding data for multiple funds.

The partnership between Chainlink, Fidelity, and Sygnum marks a significant advancement in the integration of blockchain technology with traditional financial systems.

By bringing NAV data onchain, this collaboration enhances transparency, efficiency, and data accuracy, potentially setting a new standard for the asset management industry and highlighting the transformative potential of decentralized finance.

The post Chainlink teams up with Fidelity and Sygnum to bring NAV data onchain appeared first on CoinJournal.

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JasmyCoin defies broader crypto market as price surges 12%

  • JasmyCoin surges 12% as price defies broader crypto market
  • JASMY could flip to $0.04 if bulls hold above key support level

JasmyCoin (JASMY), the native token of a Japan-based cryptocurrency project for decentralized data, has witnessed a significant price increase as most top altcoins mirror Bitcoin’s consolidation in the past month.

On June 23, JASMY price was up 12% – more than any other token in the top 100 by market cap.

As BTC and ETH hovered around the $64k and $3.5k price levels respectively, JasmyCoin was trading above $0.033, seeing a notable surge in daily volume and one of the top trending crypto tokens in the market.

JASMY price – what happened?

While JasmyCoin remains nearly 7% down in the past week, the past 24-hour gains have helped stem recent rot that saw JASMY fall to around $0.027.

The declines had accelerated once JASMY retreated from above $0.044 in early June, with a breakdown to $0.030 coinciding with Bitcoin’s sharp descent this month. As the crypto market struggled with sell-off pressure amid macroeconomic events and miner selling, JASMY broke below a technical support area to reach lows of $0.027 on June 21.

Today’s upside is a continuation of the bullish flip over the past two days.

According to CoinGecko data, this cryptocurrency has recorded a decent 24% uptick in 24-hour trading volume, currently at over $200 million. On the previous day, volume reached $176 million as price moved from near $0.029 to $0.032.

Read more: Jasmy unveils major partnership with Panasonic

JasmyCoin chart

The technical picture for JasmyCoin suggests a slightly upper hand for bulls.

As shown above, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) on the 4-hour chart both offer this advantage. The chart also shows JASMY is nicely poised despite the retreat from the resistance line of the Bollinger Bands.

The daily chart however shows RSI and MACD slightly favouring bears.

In this case, buyers must hold price above the psychologically important $0.030 level to prevent a bearish flip. On the upside, JASMY coin’s major hurdle could be around $0.38-$0.040.

The post JasmyCoin defies broader crypto market as price surges 12% appeared first on CoinJournal.

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Morpho becomes first L2 protocol to launch on Base

  • Morpho is the first Layer 2 protocol to launch on Coinbase’s Base.
  • Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options.
  • Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi.

Morpho, a decentralized finance (DeFi) lending and borrowing protocol initially established on Ethereum, has achieved a significant milestone by becoming the first layer-2 (L2) protocol to launch on Base, a scaling network for Ethereum introduced by Coinbase in 2023.

This expansion marks a pivotal moment for Morpho as it seeks to capitalize on the growing DeFi ecosystem and enhance its service offerings. The move is set to transform Morpho’s trajectory and potentially position it as a leading protocol on Base.

Morpho to tap into Base’ DeFi ecosystem with this expansion

Morpho’s transition to Base is a strategic decision aimed at tapping into a burgeoning DeFi ecosystem.

Despite CEO Paul Frambot’s initial reluctance to expand onto a second chain, he has acknowledged that circumstances have evolved, necessitating this new deployment.

This shift underscores the dynamic nature of the DeFi landscape and Morpho’s adaptive strategy to stay ahead in a competitive market.

The introduction of Morpho on Base brings with it several innovative features designed to enhance user experience and optimize capital utilization.

One of the key features is MetaMorpho Vaults, which offers optimized yields through passive lending. Users can earn returns by depositing assets into these vaults, providing a robust mechanism for yield generation.

Additionally, Morpho Markets allows users to borrow against their deposits, with markets such as the cbETH/USDC enabling users to borrow the USDC stablecoin using cbETH as collateral. These features are poised to attract a new wave of users to the platform, further bolstering its growth.

Morpho’s platform on Base could outpace its Ethereum version

The potential for Morpho’s platform on Base to outpace its Ethereum version within the next year is significant.

The broader adoption of Base across the market is anticipated to drive user onboarding, which is crucial for Morpho’s expansion and success.

At the moment, DeFiLlama data shows that Morpho has a total value locked (TVL) of $1.833 billion. This is a substantial increase from approximately $597.76 million at the beginning of the year.

This impressive growth trajectory highlights Morpho’s robust performance and the increasing confidence of users in its protocol.

Morpho’s launch on Base not only signifies Morpho’s commitment to growth but also highlights the evolving nature of the DeFi space. As Base continues to see greater adoption, the synergy between these platforms could lead to unprecedented growth and innovation in the DeFi sector.

Morpho’s strategic expansion and the introduction of user-centric features position it well to harness the potential of the Base network, setting the stage for a new era in decentralized finance.

The post Morpho becomes first L2 protocol to launch on Base appeared first on CoinJournal.

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Release date confirmed for new augmented reality move-to-earn game, SpaceCatch

SpaceCatch, a brand new AR M2E (Move-to-Earn) game, has confirmed the release date for its public beta version. The game, which will come packed with impressive features and multiple benefits after an extensive development period, is scheduled for release on April 22 2024. 

Set in a futuristic world similar to our own, where Earth has been overtaken by AI-driven aliens, SpaceCatch challenges players, known as Catchers, to restore peace on Earth by defeating these aliens.

The game offers a captivating narrative that engages players, making it difficult to put their phones down. 

Scheduled for release on April 22, SpaceCatch is inviting players to reserve their spot early, with only 22,000 entries available.

Despite being pre-launch, SpaceCatch has already won over early adopters thanks to its rich feature set and engaging plot. The growing community and successful fundraising efforts are living proof of its appeal and potential.

And how does it work?

SpaceCatch leverages several cutting-edge technologies to deliver its exciting gameplay. The game operates on two models: M2E (Move to Earn) and P2E (Play to Earn). The P2E model is straightforward: players engage in combat with AI-driven aliens to restore peace on Earth.

The M2E model, on the other hand, is powered by Augmented Reality (AR). This integration allows players to interact with the SpaceCatch universe as it blends seamlessly with the real world. Imagine spotting an alien while in the park, relaxing in your living room, or getting in your car.

Furthermore, SpaceCatch employs artificial intelligence (AI) to develop a unique gaming experience for each player. Your game experience will differ from that of others, molded by your decisions, preferences, and behavior.

More than just a game

SpaceCatch has also developed a native token, CATCH, which is valuable both within and outside the game’s ecosystem. 

CATCH has been distributed to users during various fundraising events, CATCH can be earned through specific actions in the game and is available for purchase on multiple exchanges, including Gate.io, Bitget, MEXC, BitMart, XT.com, and Bingx.

And if you were not around when SpaceCatch organized the fundraising rounds, or you prefer not to perform certain actions in the game to earn CATCH, don’t worry; you can still get some tokens. CATCH can be bought, sold, or traded on various platforms, and this will help several new players get a better start in the SpaceCatch world.

CATCH helps SpaceCatch players improve their characters and tools, and this can highly contribute to their evolution in the game and how much they manage to help with their main common goal: restoring peace on Earth. 

Discover More

SpaceCatch is just getting started in the industry, and has big plans up its sleeve. But with just 22,000 beta entries up for grabs, gamers should check out its official website asap and follow its activity on Telegram, Discord, X (Twitter), YouTube, Instagram, Medium, and CoinMarketCap.

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