The altcoin price skyrocketed as WOO Network took a step towards improving their tokenomics. Ondo Finance, the decentralized finance (DeFi) platform, offers the opportunity to invest in corporate bonds. The popular meme coin Shiba Inu (SHIB) will soon re-enter Coins Pro’s list. And, there are more hot developments for altcoin projects that Turkish crypto investors are also taking…
Last minute developments for 6 altcoin projects
What is the secret of the strong increase in WOO token price?
Altcoin price has increased by 29.56% in the last 7 days after 705 million WOO tokens were burned as a step towards improving WOO tokenomics. WOO Network reports that 705 million WOO tokens have been burned as it completes the first step towards token development. This accounts for about 24% of the total tokens in the supply. The Altcoin team has previously said that it will work on improving the token.
Ondo Finance offers investment opportunity in corporate bonds
Decentralized finance (DeFi) platform Ondo Finance has launched three products designed to allow stablecoin holders around the world to invest directly in bonds and US Treasuries. Ondo estimates that regulated products could attract more than $100 billion in stablecoins, currently with no returns to their holders. Funds invested in Ondo will also be invested in respective exchange-traded funds offered by BlackRock and Pimco. Coinbase Custody will store all stablecoins owned by the fund. Coinbase Prime will manage the conversions between stablecoins and fiat money.
SHIB is back on Coins Pro’s list
According to an announcement, the Shiba Inu (SHIB) will soon be available on Coins Pro. Coins Pro is operated by Coins.ph, a Philippines-based digital wallet service provider and crypto exchange platform.
Meanwhile, SHIB debuted on Coins.ph in July. Launched in 2014, Coins.ph has over 18 million users. Borsa İstanbul provides access to a wide range of financial services for users through its mobile application.
BabyDoge is now accepted in physical stores
Stores operating in real places, physical stores that customers can visit in person, can now accept BabyDogeCoin as payment thanks to NOWPayments’ point-of-sale terminal.
Crypto payment network NOWPayments provides a Point of Sale (POS) terminal tool that helps off-line stores or in-store stores receive payments in BabyDoge cryptocurrency without the need to purchase any special hardware.
Official website of Floki Inu (FLOKI) is live
The official Floki Inu Twitter account announced the launch of the website that educates the community about the FLOKI meme-coin and its ecosystem. Floki Inu is a popular meme coin along with Dogecoin, Shiba Inu, and BabyDoge.
The website is a huge leap forward in Floki’s conquest of the cryptocurrency space. FLOKI updates, news, etc. as well as information on FLOKI products, the University of Floki, an NFT marketplace, and FLOKI-themed NFT collections.
New XRP parities listed on Bitrue
Cryptocurrency exchange Bitrue has added a new XRP parity. This time, TOKO, the local entity of the pioneering Blockchain company Tokoin Global, backed by Indonesia’s local government. TOKO/XRP parity trading is expected to start on January 12.
Meanwhile, cryptocoin.com As we reported, BitMart announced last week that XRP/USDT is listed on its platform.
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