Kategorie: Crypto Markets

The clock is ticking for Student Coin holders. The STC Wallet users have less than three months to redeem their tokens. The redemption process was launched on April 9 this year, with several stages scheduled for a total of five years.

The first and second deadlines for redeeming tokens within the STC wallet (automatically) and through centralized exchanges have already passed in June. The third stage, set to end on October 9, 2024, involves submitting a Redemption Request and requires direct contact with the Student Coin team. The final phase, which will continue until April 9, 2029, allows users to sell their tokens on-chain.

What is Student Coin, and why is it shutting down?

Student Coin was launched in 2019 by a group of students from Kozminski University, a Polish business school. The project’s primary purpose was to explore blockchain capabilities and inspire academia to embrace crypto technologies. The experiment proved a success and led to further initiatives, including creating the STC Wallet, launching the STC Academy, and, finally, establishing Coinpaper.com, currently one of the leading crypto news portals.

After a period of rapid growth and impressive valuations, the STC token faced a challenging environment. Economic turmoil, industry scandals, and regulatory uncertainty dampened its momentum. Despite navigating these stormy waters, the Student Coin team remained dedicated. They launched new initiatives, refined existing products, and prioritized user protection during major crypto collapses like Luna, UST, FTX, Genesis, and Celsius.

However, keeping the best interests of the community at heart, the Student Coin team has made the difficult decision to sunset the STC token and related projects, including the STC Terminal, STC University, and others.

STC Token Price Chart, source: StudentCoin.org

After winding down the STC ecosystem, the team shifted its attention to developing new projects, with a special focus on Coinpaper. The crypto news outlet has been experiencing significant growth, with an impressive monthly user increase rate of nearly 19.75%, suggesting a bright future ahead.

How to stay informed about the STC redemption process?

Throughout the project, the STC team prioritized transparency and responsible approach to handling user funds. Users can stay informed about the developments of the redemption process by following the project’s website StudentCoin.org and Twitter. The team maintains direct contact with followers and posts frequent updates.

According to recent announcements, 82,86% of the STC total supply and 100% of the tokens held by the team have already been burned. Additionally, between May 30 and June 15, the tokens were delisted from KuCoin, ProBit Global, HitBTC, and all remaining centralized exchanges. The project also closed its Telegram chat.

The team has been continuously reminding users about deadlines for STC redemption stages and helping them navigate the process. The redemption prices range between $0.006 and $0.0137 per token and vary based on particular accounts’ purchase history and activity. This approach aims to reward loyal users, long-term holders, Premium Program members, and direct purchases via STC Wallet.

How can I redeem my STC tokens?

The manual STC Wallet Redemption via OTC Redemption request, available until October 9, 2024, requires undergoing KYC/KYB procedures and AML checks, as well as submitting documents that prove the source of funds and source of wealth. You can find more details at StudentCoin.org.

The last and longest-lasting redemption option, available until 9 April 2029, involves an on-chain operation and allows two approaches:

– Uniswap V3 to USDC transaction,

– on-chain burn procedure.

The Uniswap transaction is recommended for low STC volumes due to security reasons and possible liquidity limitations. It involves depositing tokens into a Metamask wallet and converting them to USDC through a relevant pool at Uniswap decentralized exchange.

As an alternative, recommended for larger amounts, you can use an on-chain burn procedure by simply sending all your STC tokens to the burn address https://etherscan.io/address/0x000000000000000000000000000000000000dead directly from your self-custody wallet. In return, you’ll receive an adequate value in USDC transferred to you by the STC team. You can read the full procedure at studentcoin.org.

The process is fully transparent, as all blockchain transactions are visible. Once the deadline has passed, all STC tokens will be burned anyway. The maximum waiting time for a refund in the case of an on-chain burn procedure is three months.

The post Less Than Three Months Left For STC Wallet Users To Redeem Their Tokens appeared first on CoinJournal.

• Poodlana is a new fashion-centric meme coin set to launch via presale on Solana.
• The project’s token sale will launch on July 17, 2024
• POODL listing on DEX will come immediately after the 30-day presale.

It’s been a year of new trends in the meme coins space, with new trends beyond the original dog-themed projects creating wave after wave of demand.

While political meme coins have exploded onto the scene in this election period, Poodlana (POODL) is the new trendsetter that brings a fresh breeze of fashion-centric attention to the cryptocurrency ecosystem.

Specifically, Poodlana is coming to Solana on July 17.

It’s a glitzy presale that will offer crypto enthusiasts and poodle lovers the early ticket to experience the haute couture of the crypto.

What’s Poodlana?

Poodlana is a new Solana meme coin that wants to bring the glamor of high-fashion to the crypto world.

It’s the meme coin world’s front-row seat in the unfolding era of luxury-blended crypto projects. This is the crypto for enthusiasts eyeing a chic meme coin that still embraces the ethos of community-driven growth.

The Shiba inu dog captured the imagination that drove Dogecoin, Shiba Inu and other top dog-themed meme coins to staggering heights.

Poodles are the other top dog breed in Asia and ranks among the top three in China, Japan, and Korea. These are three countries that don’t just love poodles; they are also trailblazers when it comes to meme coins. Notably, several projects have exploded in the Asian market before gaining traction across the globe.

One such meme coin is Chuan Pu. Dubbed the “Chinese Donald Trump coin”, Chuan Pu has raced to a 400x return for early investors. Biaoqing, another popular meme in the country, saw its market cap shoot up after it went viral in Asia.

Poodlana’s launch will likely see this type of growth or even more, particularly as poodles and high-fashion are a chic blend that radiates class and international appeal.

Poodlana’s presale approach

Innovative, transparent and tailor-made to benefit the community are descriptions very few presale projects can claim to be. But Poodlana does. Rather than have uncertain presale timelines and token listing dates, this project sets the ball rolling with a pacy 30-day token sale.

As noted above, the POODL presale goes live on July 17 and ends on August 16.

The 10-stage presale will see prices increase every 3 days, from $0.0200 in stage 1 to $0.0539 in the final stage. To make it easy for the community to participate, Poodlana will support buying with ETH, BNB, BASE, SOL, USDT and USDC. Users can also buy POODL via fiat/card payments.

Poodlana tokenomics

For tokenomics, the total supply will be 1 billion POODL tokens, 50% of which goes to the presale and the remaining split between marketing 15%, rewards 5%, partnerships 5%, treasury 10% and liquidity 15%.

100% of tokens will be unlocked on day one, and there will be no lock-ups or vesting periods. As the presale is time-defined, Poodlana will burn any unsold tokens.

According to the project team, token claims will open immediately after and Poodlana will debut on a decentralized exchange (DEX) within an hour of the presale close.

What this means is that crypto enthusiasts who join the POODL presale will know when it ends and when trading begins – no uncertainty of having to wait for token claims or listing news.

To learn more about Poodlana, visit their website.

The post Poodlana: The new trendsetter meme coin set to launch on Solana appeared first on CoinJournal.

• Pendle TVL has dropped sharply over the past week, from $6.2 billion to $3.7 billion.
• Meanwhile, PENDLE price is down 16% in the same period.

Pendle, the yield tokenization protocol that allows for the trading of yield-bearing crypto assets, has seen the total value locked (TVL) of assets on the platform slide more than 40% in one week.

Data shows the DeFi protocol’s TVL hovered above $6.18 billion last week.

However, that has now dropped to lows of $3.7 billion, with DeFiLlama data showing a sharp drop that reflects the 40% decrease.

Why is Pendle TVL down?

Well, the broader market is down as cryptocurrencies struggle with sell-off pressure.

However, this decline in Pendle TVL also comes amid the maturation of multiple liquid staking markets within the DeFi project’s ecosystem. Impacted markets that saw huge pool tokens mature for redemption were across Ether.Fi, Renzo, Puffer and Swell among others.

Pendle markets that matured Thursday include Ether.Fi’s eETH, Renzo’s ezETH, Puffer pufETH, Kelp’s rsETH, and Swell’s rswETH.

Pendle’s TVL grew rapidly in the first half of 2024 as liquid restaking protocols attracted more users, particularly amid increased anticipation of market airdrops such as EigenLayer.

Despite the drop, the protocol has outlined several other new assets that users can opt into, including a short dated eETH for July 25 and a long dated eETH (for December 26). There’s also a new series of September 26 pools, Ethena USDe, Symbiotic and Mellow LRTs and Karak LRTs among others.

Pendle price

PENDLE price has also slipped in recent weeks.

Whale acivity contributed to the scenario as has overall bleeding of altcoins. Per CoinGecko, PENDLE’s value was down 16% in the past week and traded lower by nearly 3% in the past 24 hours (at the time of writing).

The post DeFi protocol Pendle sees 40% drop in TVL appeared first on CoinJournal.

• WIF topped meme coin gainers early Monday as the crypto market mirrored a swift spike above $63k for Bitcoin.
• As the market eyes a potential July bounce, could Solciety (SLCTY) be the next Solana meme coin to explode?

According to data from CoinGecko, Dogwifhat (WIF) is outperforming most top meme coins in the market over the past 24 hours. Meanwhile, new Solana meme coin Solciety (SLCTY) has reached $550k in presale as interest skyrockets.

Here’s a price forecast for WIF and what that could mean for Solciety.

Dogwifhat surges as meme coins rebound

With nearly 10% gains in the period at the time of writing, WIF is outshining Dogecoin, Shiba Inu, Pepe, Bonk and Floki.

Dogwifhat is also the top performing meme on Solana in the past 24 hours and its $566 million trading volume exceeds that of top meme coin DOGE.

The surge on WIF price comes as the altcoin market signaled a potential recovery as prices echoed BTC’s upside.

Analysts at market intelligence platform Santiment recently pointed to negative sentiment and Bitcoin’s low RSI as likely indicators of a fresh bounce. While WIF remains negative over the past month, bulls breaking above $2.50 could reignite interest and allow buyers to dominate the market.

WIF price is up 45% in the past week and a similar trajectory in coming weeks could see the meme coin closer to the all-time high of $4.83 reached in March.

Solciety – the new SOL meme eyeing PolitiFi dominance

Solciety is a new meme coin on Solana that’s already creating waves in the PolitiFi space.

After opening its presale on June 18, the project has quickly attracted over $550,000 from early investors eyeing a potential gem.

As the 15-stage presale picks momentum, it’s inevitable the kind of interest Solciety is garnering could see it become the next top Solana meme coin. Dubbed the “political party for degens,” Solciety enters the market as investors eye meme coin summer and as political heat intensifies ahead of US 2024 election.

What sets Solciety apart from  other PolitiFi tokens?

Constitution DAO (PEOPLE), MAGA (TRUMP) and Jeo Boden (BODEN) are currently among the top PolitiFi tokens, which have seen decent gains as investors savour the mix of politics and memes.

While parody, viral moments and satire drive these and other projects, Solciety enters the ecosystem with a novel approach likely to propel it well above the rest.

Meme Campaigner is Solciety’s meme creation tool that allows the community to leverage satire and hype to create memes based on over 200 traits. As the presale gains traction, so will the memes and Solciety’s community.

Solciety price: How high can SLCTY go?

Solciety is for everyone – not aligned with any political divide – and that means the potential to dominate the entire PolitiFi market. The fact is that meme coins are its community, and what Solciety promises suggests the next few months could be huge for its SLCTY token.

Solana’s growth trajectory, cryptocurrency adoption and PolitiFi meme coins are huge trends today and SLCTY will benefit from all.

According to CoinGecko, the meme coins market is $53 billion today, while Solana meme coins market cap is at $7.5 billion.

Meanwhile, the fast-growing PolitiFi sector is just over $1 billion. Growth for the entire market could see Solciety hit and surpass levels that WIF and other top meme coins have reached during the bull market.

A look at MAGA price shows the token is up 585x since its lows of $0.01136 in October, while PEOPLE has soared over 101x. WIF, the breakout Solana meme coin, saw a 1,450x move from $0.001555 in December.

The SLCTY token’s current price of $0.002222 in stage 4 of the presale may therefore offer an opportunity for early birds.

Learn more about Solciety (SLCTY) on the official website.

The post WIF leads as SOL meme coins gain: Is Solciety the next to explode? appeared first on CoinJournal.

• Floki Inu team warns about “fake” claims that FLOKI tokens are on Solana and Base chains.
• According to the meme coin project, the native token is olnly tradable on ETH and BNB Chain.

The lates Floki news relates to a warning the meme coin’s team issued this weekend.

Specifically, the crypto community should be careful as there are scams claiming the FLOKI tokens are on Solana and Base, Floki Inu wrote in a social media post.

In a post on the official Floki Inu X account, the meme coin notified its users and the broader crypto community to be wary of such as they are “false and attempts to deceive.”

“It has come to our attention that there are scams claiming Floki has a token on Base or Solana,” the Floki Inu team posted. “Please note: $FLOKI is ONLY tradeable on the $BNB and $ETH chains,” they added.

The project shared the correct contract addresses on Ethereum and BNB Chain, with the ETH as 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e and the BNB address as 0xfb5b838b6cfeedc2873ab27866079ac55363d37e.

Users should be keen not to fall victim of these schemes, and “always verify information from official sources.”

Floki Inu’s warning comes as the crypto market witnesses an explosion in meme coins on Solana and Base. Also happening is a proliferation of scams targeting unsuspecting cryptocurrency enthusiasts and traders, one of which is malicious links to fake tokens.

Floki’s key roadmap

The project launched its ambitious crypto roadmap in March this year.

The highlight milestones include a trading bot, FLOKI-powered bank accounts, domain name, Floki staking as a service and the Valhalla mainnet.

Floki has already achieved some of these milestones among other strategic marketing initiatives. 

Meanwhile, the FLOKI price reached a new all-time high in early June before nosediving as the meme coin market cooled its rally.

FLOKI is currently the fifth-largest meme coin by market cap with $1.6 billion, behind dogwifhat, Pepe, Shiba Inu and Dogecoin.

The post Beware of fake FLOKI tokens on Solana and Base, Floki Inu warns appeared first on CoinJournal.