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NAGAX announces whitelist period with $35,000 in pre-launch promotion

  • Whitelisted participants have a chance to win various prizes in three promotions.

  • Winners will receive their rewards in Tether (USDT).

  • NAGAX will launch its social trading platform in early March

NAGAX, a social trading platform that is scheduled to officially launch on 7 March 2022, has announced an official pre-registration period starting today, 17 February until its mainnet launch.

The Naga coin platform said in a press release shared with CoinJournal that the pre-registration or whitelisting period will allow interested investors an opportunity to be among the very first to experience the platform’s features.

Three promotions, $35,000 up for grabs

The whitelisting period comes loaded with a giveaway of up to $35,000, which will run in three promotions for the entire promotional period.

In the first promotion, participants will have a chance to win USDT worth $10,000 shared between the three winners. To be one of those to win $5,000, $3,000, or $2,000, participants need to sign in on NAGAX and get an ID. Afterward, you only need to promote NAGAX’s upcoming launch using a crypto-related Telegram group or social media account.

Share details of the NAGAX ecosystem and launch date, including its Telegram channel and official website, attach the screenshot of your promotion, and submit these via this Google form. 

Pre-registering on the NAGAX platform puts users into the second promotion, where the first 10,000 people will be eligible for a draw in which five winners will each receive $1,000.  

In the third promotion, the first 2,000 pre-registered users will each get $10 in Bitcoin (BTC), according to the announcement. 

What’s NAGAX?

NAGAX is a social trading platform and crypto wallet solution set to launch on 7th March, NAGAX. It supports 100 digital assets, offers more than 700 crypto trading pairs and derivatives trading. 

The NAGAX wallet supports 20 blockchains and offers next-level private key security and storage.

For investors looking to buy cryptocurrencies on the platform, payment options include credit card and bank transfer.

The platform plans to evolve further, providing a Web3 experience that will add to the spot and futures trading with other products such as staking, launchpad, and an NFT marketplace

The post NAGAX announces whitelist period with $35,000 in pre-launch promotion appeared first on Coin Journal.

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You can now buy Mirror Protocol, which gained 18% in 24 hours: here’s where

Mirror Protocol is a synthetic assets protocol built by Terraform Labs on the Terra blockchain. Its native token MIR has added almost a fifth to its value today. This article explains what Mirror Protocol is, whether it’s worth buying, and where to buy Mirror Protocol.

Top places to buy Mirror Protocol now

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

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

What is Mirror Protocol?

Mirror Protocol is a decentralized ecosystem, where token holders govern the on-chain treasury and code changes. Mirrored assets are blockchain tokens that behave like „mirror“ versions of real-world assets by reflecting the exchange prices on-chain.

They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency.

Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Mirrored assets provide the advantages of fractional orders, global access, and order execution in almost real time. They allow global accessibility without entry barriers.

To execute a fractional order in traditional finance, you bundle several to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time.

With Mirror, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.

Should I buy Mirror Protocol today?

Take the time to read at least several price predictions. MIR is a volatile investment as its price can swing in an unpredictable direction.  

Mirror Protocol price prediction

Gov Capital’s one-year MIR forecast is $4.63, up from $1.54 at the moment. Price Prediction is less bullish, predicting an increase of the price of Mirror Protocol to $1.83 this year. In 2023, they predict one MIR will trade for at least $2.67.

The Mirror Protocol price can reach a maximum of $3.24 that year. In 2024, it will be worth at least $3.68 according to the analyst. They expect the price of 1 MIR to reach at least $5.36 in 2025.   

Mirror Protocol on social media

The post You can now buy Mirror Protocol, which gained 18% in 24 hours: here’s where appeared first on Coin Journal.

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XYO (XYO) can bounce back from January lows and come out stronger in 2022

While the January crypto crash was hard on many coins, XYO (XYO) was hit hard. In fact, during the crash, the coin tanked below the launch price. But we have seen a bit of recovery over the last two weeks. Can XYO (XYO) emerge stronger in 2022? Here are some highlights so far:

  • At the time of publishing, XYO was trading at $0.02176, up around 2.5% in 24-hour intraday trading.

  • The coin is trading below its initial launch price of $0.0225, indicating a massive drop here.

  • XYO is also trading very low compared to its ATH of $0.0834 that was reported in November 2021.

Data Source: Tradingview

XYO (XYO) – can it recover fully in 2022?

There is no doubt that XYO (XYO) has the potential to fully recover this year. We expect sentiment to get better as the year goes, with more gains coming. Besides, we have also seen some signs of life for XYO. 

After it fell to lows of $0.0193 in January, it has rebounded sharply. At the time of writing, the coin was trading at $0.02176. It is however important to note the bearish outlook still remains for the coin. 

It is still way lower compared to its 25- and 50-day exponential moving averages. If indeed the coin can see gains above its 50-day EMA of $0.0264, then a decisive breakout could in fact follow thereafter.

Is XYO (XYO) a good buy?

The fact that XYO has dipped massively is a sign that it could be primed for buying. Also, the coin has fallen below its launch price. This means that it is selling at a discount. If you wanted to get in, this would be a perfect time. 

Besides, XYO recently announced an ecosystem fund of around $20 million that hopes to incentivise developers and bring in new apps. This will help enhance its value in the long run.

The post XYO (XYO) can bounce back from January lows and come out stronger in 2022 appeared first on Coin Journal.

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Charlie Munger on crypto trading: The US made a ‘huge mistake’ allowing it

Munger said China was “wiser” for banning crypto trading and that the US’ failure to act is like letting a “bad genie out of the bottle.”

Charlie Munger, the Vice Chairman of Berkshire Hathaway says the US government made a “huge mistake” in not banning cryptocurrency trading, noting that the “bad genie” got out of the bottle.

The Daily Journal Chairman made the remarks during an interview with Yahoo Finance on Wednesday.

In the wide-ranging interview, Munger told Yahoo Finance’s Andy Serwer that Bitcoin, despite its massive success over the years and growing mainstream acceptance, remains the ideal currency for extortion and racketeering among other negative things.

The veteran investor, who has remained critical of Bitcoin and crypto trading, believes the government should have cracked down on the sector.

„I don’t think it’s good that our country is going crazy over bitcoin and its ilk,“ he adds.

He noted that he doesn’t understand why a “civilized government” would want to allow Bitcoin to come into the payment system, given its “run by a bunch of people who want to get rich quick for doing very little for civilization?”

In his opinion, China was “wiser” than the US for banning crypto trading.

Asked about his predictions on what he thinks is going to happen regarding crypto regulation in the US, Munger was even more critical.

“You let a bad genie out of a bottle, God knows what happens. I think it was a huge mistake to allow it at all,” he said.

The Berkshire vice-Chair also criticized regulators who join crypto firms after they exit their government jobs, noting that such moves make it difficult for authorities to come up with “wise decisions about something like Bitcoin.”

Munger’s comments mirror those of Warren Buffet, the billionaire investor and Chairman of Berkshire Hathaway. Buffet has previously criticized Bitcoin as ‘rat poison squared.”

The remarks also come as the US government looks to regulate the crypto sector, but with the Fed and the US Securities Exchange Commission noting in 2021 that they were not considering a ban on crypto.

Apart from China, countries that have come close to banning crypto trading are Russia and India. Both have however not taken the Chinese route yet.

The post Charlie Munger on crypto trading: The US made a ‘huge mistake’ allowing it appeared first on Coin Journal.