Today is an important day for various altcoin projects. Although stock exchange listings and network updates are on the agenda again, today is a critical day, especially for STEPN. Because the accounts of users in China will be deleted. On the other hand, investors of our ecosystem’s token KRIPTO will burn. Here are the details…
Today, important for 14 altcoin projects
- STEPN (GMT) will delete all accounts based in China due to local regulations.
- Crypto Coin Wealth Fund, consisting of investors of Crypto (KRIPTO), our ecosystem token, will burn 15,072,016 tokens today.
- CEEK Smart VR (CEEK) starts the land sale process.
- Cryptocurrency projects such as Vesper Finance (VSP), Ankr (ANKR), BENQI (QI) will participate in Avalanche’s conference, which will take place in New York.
- LBank lists Monetha (MTH) in USDT pair at TSI 13.
- ANKR (ANKR) and IoTeX (IOTX) will broadcast live on Twitter Spaces. Teams will talk about the future of “Internet of Things” in the broadcast, which will start at 21:00 Turkish time.
- TerraLand (TLAND) will begin the private sales process.
- DigitalBits (XDB) will update its whitepaper.
- Trava Finance (TRAVA) is launching the fifth of its community meeting “Knights Meetup” today at 17 pm.
- DEAPCOIN (DEP) will hold a question and answer event on Huobi Global’s Telegram channel. The event will start at 14:00 CET.
- Aragon (ANT) will hold a question and answer event with DeepDAO. The event will feature the topic of DAO data visualization. You can attend this event at 17.30 Turkish time.
- BitDAO (BIT) will broadcast live on Twitter Spaces.
- Wanchain (WAN) has rolled out the Storeman update. Wanchain Bridge Node update took place in the morning at 6 pm.
What does it mean for STEPN to delete accounts based in China?
The well-known monetization game STEPN announced in early June that it would stop offering IP and GPS related services to users in China as required by the authorities. cryptocoin.com As we have also reported, the new ban was to come into effect on July 15, that is, today.
In the comment section of the tweets where the said statement was made, a user tweeted a screenshot on the platform’s Discord channel. It showed that members who chose Chinese as their language had much more users than other countries. So, the number of GMT traders in China is quite large. There is a possibility that the ban in China will mean STEPN’s user base has drastically reduced. But time will tell how the price, ecosystem and investors will act.
Meanwhile, STEPN has shared its latest revenue data. According to the company, it made a profit of $122.5 million in the second quarter from platform fees. It now plans to use 5 percent ($6.125 million) of that to buy Stepn’s GMT governance tokens on the secondary market and then burn it.
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.