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Topics - brives887

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Cryptocurrency discussions / Solana has two power outages in a month, causing prices to plummet

« on: June 02, 2022, 01:04:37 PM »

The validator on the network did not process the new block for several hours. As a result, applications built on Solana's blockchain are now offline.

In recent years, Solana has been the focus of attention in the NFT and DeFi ecosystems because it is cheaper and faster to use than Ethereum. According to the website, the blockchain processes 50,000 transactions per second and the average cost per transaction is $ 0.00025. Ethereum can only process about 13 transactions per second, and transaction fees are significantly higher than Solana.

However, the blockchain network was hit by multiple obstacles, and a compromise was revealed in the last year and a half. Most recently, on May 1, Solana was down for a few hours and then brought back online as well after a restart of the validator network.

Cryptocurrency discussions / BTC & ETH Trends for the week

« on: June 01, 2022, 10:56:29 AM »

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of thIt's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.e 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart. Trade BTC with mexc.com
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.

This week for ETH
Ethereum then again is as yet battling to close over the balanced triangle, dissimilar to Bitcoin which has previously broken.
On the 4H chart, we can observe a clear breaking point, as well as a climb above the MA 100, which was previously used as support by the bulls.
The next major hurdle that the ETH bulls must overcome is around 2230$.
We see a clear bullish volume increase in the last few days, the MFI has also turned bullish, suggesting that money is entering back in the market. If the bulls defend the 1900 zone, we could see a push towards the 2230$, on the 1D chart the MA100 is currently sitting at 2719$.

Advertise Your Stuff / What Is The APIS Protocol (API)?

« on: May 31, 2022, 11:21:06 AM »

The APIS Protocol is a decentralized read and write platform that enables decentralized apps to operate globally. The network is layer-one and layer-two neutral, allowing mainstream developers to manage intricate interactions between their apps and Ethereum, Solana, Binance Smart Chain, Optimistic and ZK-Rollups, Filecoin, Helium, and future protocols if they gain widespread use.

Taking into account the wide API market because of the wealth of public information that Web3 has created, the APIS has viewed as go-to-advertise edge in the NFT and gaming sub-area of Web3, the most sultry tech drifts these days. With exceptional ordering and conveying information inquiries elements of The APIS convention, The APIS is building altered dashboards going about as UIs for more extensive gaming local area and their clients.

APIS provides the fastest and most accurate endpoints within the Web3 domain to facilitate visualization of relevant data, improve the user experience, improve the decision-making process, and make a good start in the thriving Web3 market. Can be cut.

Cryptocurrency discussions / What is Spell Token ? Can This Crypto Really Work Magic?

« on: May 20, 2022, 10:58:14 AM »

Spell Token was listed on MEXC assessment zone on October 5, 2021, with an opening price of 0.002 USDT. The highest price has reached at 0.035 USDT, up 1750%.

Spell token
The total supply of Spell Token (SPELL) is 210 billion, with 210 billion having been burned after token generation. The token distribution is as follows:

63% (132.3B SPELL): global farming incentives
30% (63.0B SPELL): team allocation (4 year vesting schedule)
7% (14.7B SPELL): initial DEX offering
SPELL will follow a ten-year halving model, which will cut in half the rewards distributed every year. 50% of team tokens are to be issued in the first year, 25% in the second, and 12.5% in the third and fourth years. Each week, 624 million SPELL are emitted. SPELL is also used as a governance token, with users having voting power according to how much they have staked.buy spell with MEXC exchange.

What is Spell Token?
Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH) – Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.