The latest developments for Flare and four altcoins attracted attention. Particularly some product launches, partnerships and investment; will be the subject of this article. Here are the details…
Flare launches staking service
FLR, the native token of the Flare network, is making waves following the recent launch of a public staking service. Over the past seven days, the FLR token has performed impressively with an increase of 18.88% in its price. This token, currently worth $0.01077, continues to attract attention in the market by attracting the attention of investors and enthusiasts. Flare, an EVM-based layer-1 blockchain that provides developers with decentralized access to high-integrity data from other chains and the internet, has taken an important step towards developing its ecosystem. On October 29, the Flare team introduced a public staking service for FLR token holders, compatible with its transition to a proof-of-stake consensus model.
This private staking platform allows FLR holders to delegate their tokens to validators, contributing to the growth of the ecosystem. While initially users could only stake FLR through the Avalanche app on their Ledger hardware wallet, the development team has promised to offer more staking options in the future. The minimum staking threshold is 50,000 FLR, which is equivalent to approximately $500 at current rates, with a lock-in period of 14 days.
3 million dollars investment in Surf Protocol
Surf Protocol, a Base-based perpetual futures contract trading platform, has reportedly raised $3 million in funding. ABCDE Capital led the investment and OP Crypto and C² Ventures participated. Surf Protocol is pioneering a solution to the limitations in the variety of assets that can be traded on the Perp DEX market. The protocol is at the forefront of innovation with its unique AMM structure that gives liquidity providers (LPs) the flexibility to strike a balance between providing high fees and prioritizing order matching.
OKX and NEO formed a partnership
According to official news on October 30, OKX and Neo jointly released Web3 Halloween Night Party NFT tickets, and these tickets were available for free on the OKX NFT market for a limited time. Those who own this NFT can participate in the “Web3 Halloween Night” event organized by Neo. In addition, users will also receive free drinks during the “Web3 Halloween Night” night if they also own the Neo × OKX Asia Pacific Hackathon co-branded NFT.
Solv Protocol attends important event in Singapore
The Singapore FinTech Festival, jointly organized by the Monetary Authority of Singapore (MAS) and the Singapore Banking Association on October 30, will have a grand opening on November 15. Meng Yan, co-founder of Solv Protocol, a decentralized platform for the creation, management and on-chain execution of financial NFT transactions, and director of SFT Labs, an ERC-3525 ecological incubation organization, was invited by the organizer to join the Tech Stage on the afternoon of November 17 was done.
Sui Quest partners with QuestPass
On October 30, Sui Quest 3 added QuestPass, allowing people who do not have SuiFren to participate. At the same time, the prize pool will be combined with 5 million, and the top 176,600 people will receive prizes (25 to 10,000 SUI). If SuiFren and QuestPass holders invite others, they will receive between 40 and 1,000 points if they participate successfully. We previously reported that Mysten Labs would launch Bullshark Quest 3 on October 13 and give away 5 million SUI rewards. This tour of duty focuses on gaming and will run from October 12th to November 9th.
Arbitrum voting is over
The second round of voting for the Arbitrum Security Council election has ended. The six nominees are Patrick McCorry (Arbitrum Foundation), 0xhombre (PlutusDAO Technology Lead), John Morrow (Gauntlet Co-Founder), Omer (Chaos Labs CEO), Harry Kalodner (Offchain Labs), and Matt Fiebach (Blockworks Research Analyst). He joined the board.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.