Schlagwort: crypto business

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ByBit taps into crypto lending

  • ByBit users will now be able to earn interest payouts on idle cryptocurrency assets.
  • The ByBit Lending will offer hourly paid interest and no deposit periods for redemptions and deposits.
  • The lending service will serve as an intermediary between borrowers and lenders.

Popular cryptocurrency exchange ByBit has launched its lending service arm, ByBit Lending, which will allow users to earn high-interest payouts on their idle cryptocurrency assets.

The new product offers an additional way for users to capitalize on their crypto investments and generate passive income.

ByBit now joins the likes of Binance, OKX, and KuCoin in offering lending services. The US-based exchange Coinbase abandoned plans to launch lending services after the US Securities and Exchange Commission (SEC) rendered the offering a security.

Passive income opportunity for ByBit users

ByBit Lending offers a high APR, offering users an opportunity to earn some passive income on the crypto assets they are holding instead of letting them sit idle on the exchange.

Interestingly, the interest on the crypto assets deposited for lending will be paid hourly with the users having the flexibility to deposit and redeem their assets at any time. This makes it easy for users to take advantage of the crypto market fluctuations.

The exchange has made the lending service accessible to both novice and experienced clients through a simple four-step process. The deposited assets will remain secure throughout the lending process, thanks to the exchange’s advanced risk management systems.

Besides benefiting lenders, borrowers will also have the opportunity to take up crypto loans for various earning strategies including trading perpetual contracts and capitalizing on spreads on the ByBit Earn. Borrowers will, however, be required to deposit collateral equal to or greater than the loan they intend to take.

The post ByBit taps into crypto lending appeared first on CoinJournal.

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Metacade price prediction: one day to MEXC Global listing

  • At press time, Metacade (MCADE) was trading at $0.03406, up 21.86%.
  • MCADE’s price has risen by more than 49% from its price at the end of the presale.
  • The token has so far been listed on one DEX and two centralized exchanges.

The price of MCADE has surged 21.86% while the global crypto market is on the decline. The global market cap has dropped by 1.34%.

Metaverse tokens like MCADE seem to be performing well today with the majority of today’s top gainers being from this category. The NFT Worlds (WRLD) token is leading with a surge of 21.88% followed by the Metacade (MCADE) token which has gained 21.86% in the last 24 hours.

What is MCADE?

MCADE is the native token of the gaming arcade platform Metacade, which aims to become the ultimate Web3 community hub where gamers and blockchain fanatics can communicate and collaborate.

The MCADE presale was concluded in March 2023 offering an investment opportunity for many crypto investors.

The token is built on the Ethereum blockchain, making it an ERC token. The token has so far been listed on CoinMarketCap, Coingecko, Uniswap, and BitMart. It will be listed on MEXC Global in one day and twenty hours’ time.

MCADE listing on MEXC Global

MCADE’s listing on MEXC Global crypto exchange is the next big thing after the token listed on BitMart.

Just like the concluded Metacade presale and the subsequent listing on Uniswap and BitMart, the upcoming MEXC Global listing has created quite a hype around the MCADE token, which is partly the reason for today’s price surge.

Metacade (MCADE) price forecast

Although MCADE tested an all-time low of $0.01498 shortly after listing on CoinMarcketCap and Uniswap, the token now seems to be on a bullish trajectory having hit an all-time high of $0.03305 today.

At the current rate, Metacade is expected to surge towards $1, especially after the MEXC Global listing.

Should you Metacade (MCADE)?

Well, investing in cryptocurrencies carries a lot of risks including market volatility and scam projects. And while the Metacade project has proved to be e legit crypto project, its native token, the MCADE, is still a candidate for the volatile crypto market.

Nevertheless, MCADE just like its parent platform, Metacade has gained a lot of popularity among gamers, game developers, and crypto investors who turned up in droves to purchase it during the Metacade presale.

And although the MCADE token has not made significant bullish movement since the presale ended, the increased activity on the Metacade platform and the listing on different Centralized exchanges including the upcoming MEXC Global listing is expected to spur a significant MCADE price surge. So far, the token’s price has risen by more than 42% from its price at the end of the presale.

Metacade has already earned itself its first partnership with Metastudio, a revolutionary gaming company focused on delivering exciting, avant-garde, and fresh mobile games to the Metacade arcade. The partnership kind of confirms Metacade’s commitment to becoming a leading metaverse arcade platform.

According to Metacade’s whitepaper, Metacade is expected to sign more partnerships with play-to-earn projects, gain further CEX listings, launch more gaming community giveaways and competitions, and launch a universal online hangout for all things GameFi and P2E before the end of Q2, 2023.

The MCADE demand is expected to increase greatly on the above-mentioned activities seeing that MCADE is the backbone of the larger Metacade ecosystem.

The post Metacade price prediction: one day to MEXC Global listing appeared first on CoinJournal.

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Health and Fitness app Sweat Economy launches new “travel the world” prize draw

  • Sweat Economy (SWEAT) has launched the “Sweat Wanderer” prize draw that is open to all up to 14 May 2023.
  • Registering and staking at least 25 SWEAT tokens via the Sweat Wallet app will see users eligible to win an all-expenses paid global tour to see the Seven Wonders of the World.
  • The winner, to be announced on Monday 15 May 2023, will also receive $2000 to spend.

Sweatcoin, a health and fitness app that seeks to encourage healthier living through rewards for daily physical activities, has announced a new prize draw that will see the winner “travel the world.”

The Sweat Economy app was the top downloaded health and fitness app in the world in 2022 with over 65 million downloads.

Sweat Economy prize offers all-expense paid global tour

Dubbed “Sweat Wanderer,” the draw is open till 14 May 2023 and will see the winning participant get a chance to explore the Seven Wonders of the World. The all-expenses paid trip will last a month, the Sweat Economy team said in a blog post published 2 May 2023.

According to the platform, the global tour will be for two (winner and a person of their choice) with flights and accommodation covered. The prize also includes $2,000 in cash as spending money.

To participate, one needs access to Sweatcoin and the Sweat Wallet app and complete a registration process.

Once you opt-in to the crypto section of the wallet app, you need to “stake” at least 25 SWEAT tokens to be eligible for the Sweat Wanderer prize. After that, all one has to do is take and share photos and videos online, as well as be open to an interview discussing experiences.

The “Sweat Wanderer” winner will be unveiled on Monday, 15 May 2023 at 2pm UTC.

Sweat Economy (SWEAT) price

Sweatcoin launched in 2016 before going on to unveil its SWEAT token in September 2022 ( it had a record airdrop) to help incentivize users in a Move-to-Earn (M2E) ecosystem. SWEAT allows for real-world transactions and prizes in this growing Web3 economy.

The platform raised $13 million in its private token sale in July 2022, led by Spartan Capital and Electric Capital among others. In March 2023, the team revealed plans to relaunch SWEAT in the US.

The price of SWEAT reached a high of $0.091476 in September 2022, but currently hovers around $0.00834872 after declining more than 90% during the crypto winter. The circulating supply was 5,797,310,970 at the time of writing, while total supply is 22,473,969,566 (data from CoinGecko).

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SUI IOU price spikes ahead of Airdrop, mainnet launch

Sui IOU price continued rising ahead of the project’s mainnet launch. According to CoinMarketCap, the token has jumped by more than 20% in the past 24 hours to $2.20. In all, the token has risen by over 23% in the past few days even as mainstream cryptocurrencies like Bitcoin and Ethereum retreated.

Sui mainnet launch ahead

Sui describes itself as a layer-1 platform that makes it possible for the developers to build decentralized applications (dApps). The blockchain has advanced features that has faster transaction costs, is elegant and easy to use, and has no defects in its design.

The biggest news this week will be the platform’s mainnet launch that is scheduled for Wednesday this week. This launch will come a few months after the network went through a few weeks of testing and validation.

Sui faces an uphill battle in the industry because of the competition in the sector. The biggest competition is from Ethereum, which has a stronger market share in the industry. It dominates other layer 1 networks like Avalanche, Solana, and Aptos among others.

Sui will also compete with other layer 2 networks like Optimism, Polygon, and Arbitrum. These layer-2 networks aim to improve the key challenges of Ethereum by boosting speeds and lowering transaction costs.

Justin Sun apology

The other important Sui news was an apology by Justin Sun, the founder of Tron and the de-factor CEO of Huobi, a leading exchange. In a statement, Sun said that he had agreed to refund $56 million to Binance after a token grab for the token.

In a statement on Monday, Changpeng Zhao of Binance said that he had warned Sun that the company would take action if he used the large amounts of SUI tokens from Binance Launchpool. He argued that Launchpool are meant as airdrops for retail investor not just a few whales. 

https://twitter.com/cz_binance/status/1652949031524376579

Therefore, focus among traders will be on how SUI will trade when the network’s mainnet launches and when the airdrop from Binance Launchpool happens. Like with most new tokens, I suspect that the SUI token price will pop on Wednesday and then pull back as insiders start taking some of their profits. 

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PAWSWAP price plunge as trillions of PAW are staked

  • At press time, the PAW token had dropped 10.90%.
  • PawSwap team yesterday launched its PAW Staking Mainnet.
  • So far about 200 trillion PAW tokens have been staked on the mainnet.

Contrary to the expectations of many, the PAWSWAP (PAW) price has plunged after about 200 trillion PAW tokens are staked on the PAW Staking Mainnet which was launched on April 30, 2023. Interestingly, it has taken less than 24 hours for so many PAW tokens to be staked.

Normally, such a great reduction of token supply would result in a significant price surge but that has not been the case for PAWSWAP, whose price had rather dropped by 10.68% at press time. The staked PAW tokens account for 0.2% of the total PAW token supply.

PawSwap roadmap

The launch of the mainnet for staking is the first major product to be launched for the PAW ecosystem. The project has a robust roadmap including PawChain blockchain and cross-chain decentralized exchange (PawSwap), focusing on security, speed, and a user-friendly experience for trading crypto assets.

CertiK has already confirmed that the newly launched mainnet “meets their standards.” In addition, the PawSwap team also said that it will be chairing a report on the audit status of the mainnet with its community.

The PawSwap team started with the launch of the PAW token on the Ethereum network and has now launched the PAW Staking Mainnet.

While the launch of the staking mainnet and the subsequent token staking seem not to have stirred a bullish PAWSWAP price movement, the launch of the PawChain blockchain and cross-chain decentralized exchange (PawSwap) is expected to increase PAW token demand which could, in turn, result in a price surge for the PAW token.

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