Schlagwort: crypto business

Polygon Labs has announced Ethereum Layer 2 blockchain Polygon’s technical upgrade for MATIC to POL will go live on September 4, 2024.

The Polygon (MATIC) price traded lower amid the news, although the losses also reflected the downside pressure across other cryptocurrencies.

MATIC to POL transition

Polygon’s transition from MATIC to POL is an upgrade that first surfaced in July last year and made to community governance via PIP-17 in September.

In this proposal, the key idea is the replacement of MATIC with a new token that would be used for gas and staking. This upcoming upgrade is a step that follows the POL ERC-20 contract implementation in October 2023.

Polygon Labs made the official announcement for the upgrade to POL on Thursday, revealing the initial phase as one that will see POL replace MATIC. In later phases of the upgrade, POL will take on more network functionality, including in the AggLayer.

The AggLayer is a decentralized protocol with a common bridge and ZK-powered mechanism designed to solve issues of blockchain fragmentation through sovereign chains and shared liquidity.

“But even as the aggregated Polygon network emerges, POL will have immediate utility on the widely adopted Polygon Proof-of-Stake (PoS) network that exists today: POL will be the native gas and staking token of Polygon PoS—and fundamental to Polygon network security,” Polygon Labs wrote in a blog post.

What does it mean for MATIC holders?

According to Polygon Labs, those who hold MATIC on the Polygon PoS chain don’t have to do anything as the upgrade from MATIC to POL will be automatic.

However, for holders with their MATIC tokens on other chains and platforms may have need take certain actions. These other chains include Ethereum and Polygon zkEVM as well as centralized exchanges (CEXs).

In this case, when the upgrade date rolls in, those ready to migrate MATIC to POL will need to use a migration contract.

The post Polygon’s MATIC to POL upgrade set for September appeared first on CoinJournal.

• Charles Hoskinson believes a win for Joe Biden would be the “death of the American crypto industry”
• Hoskinson thinks politicians will stop “bullying and harassing” the crypto industry when they realise it will lead to lost votes
• Earlier this week, Ethereum co-founder Vitalik Buterin asked the crypto community not to choose a political candidate based on whether they were “pro-crypto”

Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain, disagrees with Vitalik Buterin’s statement that voters should be against choosing a candidate based on who’s “pro-crypto.”

In a post on X, Hoskinson argues against what the Ethereum co-founder wrote, stating that a vote for current US President Joe Biden would be the “death of the American crypto industry,” and that the crypto community should “vote for pro-crypto candidates.”

In his opinion, candidates will stop “bullying and harassing” the crypto industry when they realise it only leads to lost votes. “Politics is a game of cause and effect,” he wrote.

Cautious Stance

Earlier this week, Buterin expressed concern about voters backing candidates who support cryptocurrencies without fully understanding their objectives.

In a post titled “Against choosing your political allegiances based on who is ‘pro-crypto,” Buterin urged people to look at a politician’s views on crypto from five years ago as this could be a good indication of where their views might be in the future.

“If you see a politician being crypto-friendly, one thing you can do is look up their views on crypto itself five years ago,” he wrote. “Similarly, look up their views on related topics such as encrypted messaging five years ago.”

Referencing the Stand With Crypto political initiative, which launched in May, Buterin states that the key bills listed, which the group uses, made “no attempt…to judge politicians on freedoms related to cryptography and technology that go beyond cryptocurrency.”

“If a politician is in favour of your freedom to trade coins, but they have said nothing about the topics above, then the underlying thought process that causes them to support the freedom to trade coins is very different from mine (and possibly yours),” Buterin argued.

“This in turn implies a high risk that they will likely have different conclusions from you on issues that you will care about in the future.”

The post Charles Hoskinson Disagrees with Vitalik Buterin on Pro-Crypto Stance appeared first on CoinJournal.

• PeiPei, Gods Unchained, and Dymension are the top gainers among the most trending coins today.
• While PeiPei, Gods Unchained, and Dymension are trending for their price surges, Solciety is trending for its presale.
• The price of Solciety (SLCTY) started at $0.000963 and it is expected to reach $0.002167 by the end of the presale.

PeiPei (ETH), Gods Unchained (GODS), Dymension (DYM), and Solciety (SLCTY) are making significant waves with their unique offerings and promising growth trajectories.

In this article we delve into what makes these tokens stand out, highlighting their distinctive features and potential for substantial returns in the current market.

PeiPei (ETH): merging memes with culture

PeiPei (ETH) is a fascinating new entrant in the cryptocurrency market, blending the iconic Pepe meme with the rich tapestry of Asian culture.

This fusion creates a refreshing and captivating digital experience that resonates with a wide audience. PeiPei’s innovative approach to integrating cultural elements into the crypto space sets it apart from traditional meme coins, offering more than just a humorous investment.

The token’s recent performance underscores its potential. With a market cap of $149,403,116 and a 24-hour trading volume of $53,270,261, PeiPei has shown a remarkable surge in value.

Its price has increased by 17.90% in the last 24 hours and by an impressive 246.59% over the past 30 days. This growth trajectory indicates strong investor confidence and a robust community backing.

PeiPei’s unique proposition of combining meme culture with cultural significance appeals to a broad demographic, making it a compelling investment.

Solciety (SLCTY): bridging politics and memes

At a time when there are too many PolitiFi tokens especially themed at former president Donald Trump, a new meme coin dubbed Solciety (SLCTY) is set to make a significant impact with its unique blend of political engagement and meme culture.

The token launched on the Solana network on June 18, and it merges politics and memes, offering a rallying point for individuals seeking a political home that resonates with their digital lifestyles.

Solciety features a Meme Campaigner, a tool that empowers users to create and customize memes. With over 200 traits, backgrounds, and fonts, users can craft memes that align with Solciety’s manifesto on the platform.

The platform incentivizes community engagement by rewarding users with presale tokens for sharing their creations, fostering a vibrant ecosystem of content creators.

The SLCTY token presale presents an opportunity for early investors to secure tokens at progressively increasing prices. When the presale started, SLCTY token was going for $0.000963 and is expected to reach $0.002167 by the final stage.

At press time, the token price had already risen to $0.002289 in the fifth presale stage out of the projected 15 presale stages.

Solciety’s strategic choice to launch on Solana, known for its high-speed transactions and low fees, positions it for success.

By capitalizing on current events and trending topics, Solciety bridges the gap between politics and meme culture, offering a unique and engaging investment opportunity.

Gods Unchained (GODS): revolutionizing gaming with blockchain

Gods Unchained (GODS) is revolutionizing the gaming industry by integrating blockchain technology into a free-to-play tactical card game.

Led by the former game director of Magic: The Gathering Arena, Gods Unchained allows players to truly own their in-game items, providing freedom to trade, sell, and use their cards as they wish. This approach mirrors the ownership of physical trading cards, adding a layer of authenticity and value to the digital gaming experience.

The GODS token, an ERC-20 token, serves as the premium currency within the Gods Unchained ecosystem. It is used for creating NFTs, making in-game purchases, and participating in the marketplace.

This utility, coupled with the game’s competitive and strategic gameplay, has attracted a dedicated and growing player base.

Recent market performance highlights the token’s potential. With a market cap of $110,593,728 and a 24-hour trading volume of $36,000,179, GODS has seen a 16.66% price increase in the last 24 hours and a staggering 135.76% rise over the past week.

This upward trend reflects the game’s growing popularity and the increasing value of the GODS token within its ecosystem.

Dymension (DYM): pioneering blockchain integration

Dymension (DYM) is making headlines with its innovative approach to blockchain integration. The recent launch of the Dymension Name Service (DymNS) has been a game-changer, offering a new user interface for seamless crypto interactions.

DymNS provides human-readable usernames, simplifying transactions across multiple blockchains and RollApps. This integration enhances the user experience, driving adoption and increasing the token’s utility.

Dymension’s Integrated Name Service is coming soon to revolutionize Crypto UX.

Learn more 🧵 👇 pic.twitter.com/PjRerXtvl0

— Dymension (@dymension) July 15, 2024

The DYM token has shown significant growth following the DymNS announcement.

Trading at $2.32, DYM has seen a 26.84% price increase in the last 24 hours and a 68.88% rise over the past week. With a market cap of $443,543,601 and a 24-hour trading volume of $99,575,854, DYM is positioned for further growth.

Analysts predict an 18% increase in the short term, potentially reaching $2.4.

Dymension’s commitment to enhancing transaction handling and integrating multiple blockchain platforms positions it as a leader in the crypto space.

The bullish market sentiment and technical indicators, such as the MACD and CMF, support the token’s continued upward trajectory. Investors seeking a promising and innovative blockchain project should consider adding DYM to their portfolios.

Conclusion

In the ever-evolving cryptocurrency landscape, PeiPei (ETH), Gods Unchained (GODS), Dymension (DYM), and Solciety (SLCTY) have emerged as standout tokens, each with its unique value proposition and growth potential.

PeiPei combines memes with cultural significance, Gods Unchained revolutionizes gaming with blockchain, Dymension pioneers blockchain integration, and Solciety bridges politics and memes.

As these projects continue to gain traction, they offer compelling investment opportunities for those looking to diversify their portfolios and capitalize on the latest trends in the crypto space.

The post PeiPei, Gods Unchained, Dymension, Solciety among the hottest coins to buy appeared first on CoinJournal.

• Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market.
• Valour currently operates one of the largest Solana ETPs.
• The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs.

Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR.

This groundbreaking ETP will be available on Sweden’s Spotlight Stock Market, offering retail and institutional investors the opportunity to gain exposure to the decentralized application development platform.

NEAR ETP joins Valour’s diverse portfolio of ETPs

Valour already operates one of the largest Solana ETPs, Valour Solana, and offers a suite of staking products, including ETPs for Bitcoin, Ether, and Internet Computer.

Valour’s head of product, Elaine Buehler, emphasized the significance of this new fund, highlighting its potential to grant investors access to an asset renowned for its transformative impact on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Near Protocol, designed to tackle common blockchain development challenges such as user onboarding and multi-chain operations, boasts a market capitalization of approximately $6.8 billion. This positions NEAR among the top 20 digital assets globally, according to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in the United States, where investment managers BlackRock, Franklin Templeton, and VanEck recently received preliminary approval to list the first exchange-traded ETH products. Analysts predict this move will pave the way for more crypto exchange-traded products in the US, including potential Solana-based ETFs.

Valour’s parent company, DeFi Technologies, currently manages around $600 million in assets across various crypto-native strategies.

On July 16, DeFi Technologies expanded its footprint by acquiring trading desk Stillman Digital in an all-stock deal. This acquisition is expected to significantly enhance the Canadian crypto platform’s capabilities, potentially positioning it as a formidable competitor to larger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a significant advancement for investors seeking exposure to innovative blockchain technologies, reinforcing the firm’s position at the forefront of digital asset investment products.

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