We have compiled the upcoming IDO, integration, mainnet, token burn and partnership news of 16 altcoin projects. Here is the list of the week and the dates…
Cronos Chain partners with Duelist King to scale DeFi system
Backed by Crypto.com, Cronos Chain has partnered with Duelist King to develop their game. According to the tweet, Duelist King, Cronos Chain would be the first project launched. Cronos is an EVM chain running in parallel with Crypto.org Chain. It aims to scale the DeFi ecosystem while enabling the portability of applications from Ethereum and EVM compatible chains. Duelist King has created the first democratic NFT card game where users can play, participate and win with top-notch gameplay. This introduces a play-to-win model to lure players with enjoyable gameplay rather than just gain potential. This partnership helps scale Duelist King gameplay through Cronos EVM compatible chains.
GNK Dynamo taps Socios.com to launch fan token on Chiliz Blockchain
GNK Dynamo Club has announced the launch of its first Blockchain-based fan token. This was accomplished by GNK Dynamo partnering with Socios.com to launch the DZG fan token on the Chiliz Blockchain. Also, GNK Dinamo is a professional football club from Croatia. According to the announcement, the DZG token will empower fans with unique digital and club-related exclusive content. Also, token holders can enjoy rewards and access different club events. Specifically, DZG was listed on the Socios App today at 13:00 CET. Recently, AC Milan and Barcelona also released their fan tokens. Therefore, GNK Dynamo is now the latest sports club to use fan tokens to attract new fans and offer rewards.
Yield Guild invests $1M to acquire Star Atlas NFTs
Yield Guild Games has partnered with Star Atlas to purchase $1 million worth of NFT gaming cryptocurrencies. Above all, Star Atlas aims to be the first blockchain game to offer a cinematic quality visual experience with space exploration, political domination and more. Collaboratively, both teams create financial opportunities for players through the economic expansion of the metadata warehouse. Another feature is a toolkit for players to manage the treasury and develop political strategies. In addition, Star Atlas will be integrated with Solana to ensure safe storage and processing of game items as well as fast-paced gameplay. Additionally, this will empower businesses and guilds to manage operations in a virtual environment in the metadatabase.
Xend Finans and Tidal Finance will launch the guarantor pool with APR
One of the best crypto altcoin news today came from Xend Finance’s Guarantor Pool on Tidal Finance. Xend Finance is a project that helps individuals and cooperatives earn higher interest on their savings by staking. According to the announcement, Xend Finance’s 5% weekly bonus is given to this pool along with $100 worth of TIDAL tokens. Currently, 1,905 XEND tokens earn 479.38% APR on TIDAL and 498.71% APR on USDC. Users can earn up to 6% April rewards for $100,000 worth of XEND. In particular, the withdrawal will be possible next week. If the guaranteed protocol does not have a valid claim, the withdrawal amount will be refunded back to the guarantor’s wallet.
Nearly 100 million XRP moved by altcoin whales
Blockchain service Whale Alert says that in the last 20 hours, 98.4 million XRP has been transferred by major participants in the crypto market. According to the data, six crypto transactions were carried out, moving from 10 million XRP to 46,869,520 XRP. Ripple has tied 20 million tokens from one of its alternative wallets, RL18-VN, to the Bitstamp exchange in Luxembourg. Transfers were made from the following quantities and addresses
Ripple’s former joint altcoin project works with Stellar
Earlier today, former Ripple partner, remittance giant MoneyGram reportedly signed a partnership agreement with the Delaware-based nonprofit Stellar Development Foundation, which supports the development of current Ripple competitor Stellar Blockchain. MoneyGram and Stellar will use USDC, the second most popular stablecoin, to settle payments through instant conversion of USDC to fiat. The partnership started in 2019 but was dissolved due to the December 2020 SEC lawsuit.
Wojak Finance token burn rate exceeds 50%, targets $1
A DeFi protocol team built on Binance Smart Chain shares details of its latest milestones. The Wojak team has also decided to burn 50% of their own allocations to support early-stage investors.
Altcoin Chainlink (LINK) technology brings its first stablecoin to South America
Blockchain’s price feed will help power a decentralized Colombian Peso-pegged cryptocurrency called Daily (DLY). The team will sponsor and use a new Chainlink Price Feed for COP-USD to accurately and securely calculate the value of the crypto collateral used to mint/burn new DLY stablecoins.
NFT fever, altcoin projects return on Ethereum, Solana and other Blockchains
According to the latest Blockchain industry report from DappRadar, sales volumes of NFTs rose to $10.7 billion in the third quarter of 2021. The popular data aggregation and analytics firm said its third-quarter figure was up 704% from the previous quarter, as the win-win (P2E) movement has become one of the key drivers behind the industry’s increased growth.
Polygon (MATIC) will raise gas fee to prevent spamming
The Polygon network is raising gas fees to 30 Gwei to combat spam transactions. This was explained in a forum post by the network’s co-founder, Sandeep Nailwal. It is important to note that Polygon’s transaction fee will inadvertently increase, especially as the network begins to gain acceptance for the scaling solution and cheap transaction fees.
Altcoin project Polygon enters NFT space
Polygon is the newest crypto Blockchain to enter the growing NFT industry. Given the level of success it has seen in the gaming community, the network has launched Polygon Studios, a new department that will be concerned with positioning the ecosystem as the go-to platform for developers on the Web 3. On October 4, Polygon announced that the popular NFT marketplace OpenSea has integrated its PoS into its system with the goal of “providing users with faster and cheaper transactions.”
Polkastarter announced 2.0, brings staking, IDO farming and multi-chain support
The multi-chain IDO platform received major updates over the weekend. Polkastarter’s V2 update went live on October 4 earlier this week, bringing with it a host of new changes and improvements that will benefit the wider Polkadot community. The platform connects young projects with initial community members through initial decentralized offerings (IDOs), creating a fair, token-based and accessible environment for both developers to raise capital and invest in ideas that community members find valuable.
Polkastarter’s V2 update begins with an overhaul of the dashboard: to create a sleek, visually appealing user interface that allows users to check all their assets/allocations at a quick glance.
Next comes the ‘Project Pages’ or a section listing all upcoming projects, their tokenomics, founders and expected roadmaps in an easy-to-discover for all users.
The site will also include a ‘Whitelist’ page that will allow users to whitelist themselves directly through the site without having to go through millions of steps on external platforms. Meanwhile, more blockchain support is coming to the Polkastarter ecosystem. It currently supports Ethereum, Binance Smart Chain, Polygon, and Polkadot, but wants to expand it to integrate even more blockchain projects.
Reuto launches guardianship-free wallet for Cardano users, including free transactions
Revuto Blockchain startup has announced a noncustodial wallet for Revu token holders. The wallet was developed with the creators of AdaLite and is available in the Revuto app for iOS and Android. The company also expects the product roadmap for Q4 to be realized. More announcements will be released by the company later.
Ardana and Elrond partnership
Ardana, the stablecoin hub in Cardano, Provided a partnership with Elrond Blockchain architecture. The native token of Elrond Blockchain will be one of the first cross-chain assets to be used for collateral on the Ardana platform. Next, it is planned to enable cross-chain smart contract functionality.
Chainlink (LINK) integrated with CVI design
With its new release, Crypto Volatility Index tokens (CVI) produced by Coti Network (COTI) will be re-grounded with cutting-edge on-chain tools. From October 2021, the underlying volatility token supply will be rebalanced with Chainlink Keepers, an automated decentralized network by the team behind Chainlink Oracles. With this innovation, every day at midnight (UTC), the supply of wavemeter tokens will be regrounded to provide a solid and accurate fixation of the current fluctuations of the cryptocurrency markets.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.