Binance has launched the 44th project of its new coin mining program. Manta Network has released the token economy of its native service and governance token, MANTA. Leading stablecoin TUSD lost its dollar peg. And more!
There are hot developments in Binance, MANTA, TUSD and these 5 altcoins…
Binance launched the 44th launchpool project: Manta Network
Binance, the world’s largest cryptocurrency exchange, launched the 44th project of its new coin mining program. Thus, it allowed users to mine Manta (MANTA) using BNB and FDUSD. Binance users can deposit BNB and FDUSD to the MANTA mining pool on the Launchpad website to receive MANTA rewards starting at 08:00 on January 16, 2024. The mining period will last two days. Binance will update in approximately five hours before mining activity begins.
Meanwhile, Binance will list Manta (MANTA) on January 18, 2024 at 18:00. Accordingly, it will open trading markets for MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY following the seed tag trading rules. The MA tokens of users who have previously purchased MA tokens from the Binance platform will be automatically replaced with MANTA tokens by Binance at a ratio of 1:1.
MANTA’s token economy explained
Manta Network has released the token economy of its native service and governance token, MANTA. MANTA’s total supply is 1 billion and the initial supply will be 251 million. Each year, it will allocate 2% of the total supply to equity holders to maintain network security. In addition, 6.5% of the total supply will be allocated to New Paradigm (the second phase of the airdrop). 13.5% of the allocation will remain in the foundation’s treasury. Manta will allocate 21.19% to the ecosystem/community. The team will receive the remaining 10%. Finally, Manta will allocate 5.6% to the first phase of the airdrop
AIT Protocol launches mainnet of data disclosure platform
AIT Protocol, a Web3 data platform specializing in data annotation and AI model training, launched its Data Annotation Platform mainnet today. It is a milestone for the project, which aims to create a decentralized labor market for artificial intelligence development using main-net Blockchain technology. The Data Disclosure Platform will answer users’ questions. Additionally, it will verify the data. This is a key feature of the AIT Protocol, which allows them to train artificial intelligence models. It is possible for users to earn AIT rewards, the protocol’s native token, for their contributions.
HYTOPIA will launch HYCHAIN node operation in February or March
HYTOPIA, a metaverse platform, has officially announced an expansion update. This update will help integrate partner games into its ecosystem. It will also allow games to launch a full TOPIA/USDC price market. Moreover, it will allow it to support trading using its own custom tokens.
HYTOPIA explained that the project was inspired by the recent XAI node sale. He also stated that it is expected to launch its own node in February or March this year. Additionally, HYCHAIN will sell nodes. This will only strengthen network security and provide funding for the newly formed gaming department. Node operators will receive a percentage of TOPIA token allocation and ranker fee rewards. In addition, HYTOPIA announced that it will switch from Polygon’s Edge technology to Arbitrum’s Anytrust technology.
Metis’ total blocked amount broke a new historical record.
The total amount of assets locked on Metis, an Ethereum Layer-2 network, reached $1 billion, an increase of 51.93% in the last seven days. This marks a historical peak. It also reveals that Ethereum L2 ranks third in locking volume, behind Arbitrum One ($11 billion) and OP Mainnet ($6.06 billion).
TrueUSD (TUSD) lost its dollar peg
cryptokoin.com As we reported, payout stablecoin TrueUSD (TUSD) lost its dollar peg. TUSD is a digital asset with live on-chain verifications by independent third-party institutions. A stablecoin backed by the US dollar (USD) at a ratio of 1:1. So far, it is listed on more than 100 trading platforms such as Binance and Huobi. Additionally, it is available on 12 mainstream public blockchains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TUSD, which is backed by Tron inventor Justn Sun, lost its dollar peg today. The token was currently trading at $0.9907.
Weekly SHIB burns increased by 11,618%
SHIB burning rate has increased significantly since last Monday. Shibburn shows a significant increase in Shiba Inu burning over the past seven days. Meanwhile, since the middle of last week, SHIB price has fallen by 7.75% despite attempts to break above the $0.00001006 level and remove another zero.
ProBit Global adds LOVE token
In a recent update, leading crypto exchange ProBit Global announced that it has included LOVE, the native token of the Love.io protocol, on their trading platform. Through this alliance, ProBit Global aims to increase the adoption of cryptocurrency. It also aims to promote Love.io’s vision of establishing decentralized finance (DeFi).
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