Day: April 12, 2023

WIFI token price surging buoyed by major exchange listing

At press time, WiFi Map (WIFI) token was trading at $0.07858, up 15.04% in 24 hours.
WiFi Map offers participate-to-earn allowing users to earn tokens for adding hotspots, verifying credentials, and running speed tests.
The WIFI token has today been listed on three major crypto exchanges in a week.

WIFI token, the native token of WiFi hotspot platform WiFi Map, has been surging since Tuesday mainly because of the listing on the cryptocurrency exchange Huobi.

WIFI deposits on the exchange started on Tuesday prior to its listing on Wednesday. Huobi traders will be able to trade the WIFI/USDT pair starting today.

The Hobi listing is the third huge listing for the token in one week, following OKX and Gate.io listings.

What is WiFi Map?

WiFi Map is a WiFi hotspot blockchain platform that is powered by the WIFI token, which is an ERC-20 token on Polygon Network.

The platform offers a variety of products including an in-app wallet and participate-to-earn opportunities allowing users to earn tokens for adding hotspots, verifying credentials, and running speed tests.

It also offers an eSIM cashback allowing users to purchase eSIM data and receive 3–5% instant cashback in WIFI tokens. Users also receive a 15–20% token cashback reward for redeeming $WIFI tokens for eSIM data.

WiFi Map also offers Hold-to-earn where users earn eSIM data for holding WIFI tokens.

There is also a WiFi Map DAO that allows the WiFi Map community can decide on the best way to grow the ecosystem.

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DigiToads meteoric presale growth reminiscent of Stepn and Aptos

DigiToads is an exciting new web3 game that lets you collect, nurture and battle Toad NFTs.
The DigiToads presale is in the third stage called “Lilypad 3.’
Only 3.92% of the current presale stage remains to be claimed.

The cryptocurrency world is witnessing yet another explosive presale event with DigiToads (TOADS), a DeFi token whose presale has piqued significant interest among crypto enthusiasts and play-to-earn (P2E) gamers in recent weeks. Like Stepn (GMT) and Aptos (APT), two previous presale success stories, DigiToads has seen a remarkable surge in popularity and investment.

The similarities are striking when comparing DigiToads to previous presale success stories such as Stepn (GMT) and Aptos (APT). Just like the two, the DigiToads presale is quickly selling out seeing that its third stage is already 96.08% sold out. You can participate in the presale here.

Stepn and Aptos experienced explosive growth during their respective presales, with investors clamouring to get in on the action. 

Why has DigiToads (TOADS) become so popular?

DigiToads (TOADS) aims to bring together the worlds of NFTs, DeFi tokens, and GameFi through its unique platform that allows users to stake their NFTs in exchange for increased rewards while engaging with the platform’s gaming setup.

The DigiToads presale event, which is almost coming to an end, offers investors the opportunity to purchase the TOADS altcoin at a low price. At press time, one TOADS token was going for 0.016 USD USDT. So far, the presale has reached Stage 3 of the ten planned stages and has raised a whopping $1 million within weeks.

Comparing the DigiToads presale to the Stepn presale?

Stepn (GMT) experienced tremendous growth during its presale stage. 

Stepn is a move-to-earn platform that pays users in either ERC-20 tokens, GMT, or Green Satoshi. Stepn’s presale raked in over $9 million and the price of GMT kept rising throughout the presale period.

There are similarities when comparing the TOADS presale with Stepn’s (GMT) presale growth. The numerous elements, including the potential growth in both tokens and the unique features provided by DigiToads (TOADS) and Stepn (GMT), can be blamed for this rapid rise. Plus, they both used similar marketing techniques to draw interest.

Comparing Aptos Presale to the DigiToads presale

Aptos (APT) is the newest layer one blockchain and it received substantial venture capital backing when it was starting. Many believe this is because it was created by the team responsible for the creation of Meta.

Just like the TOADS token price, the price of APT grew significantly throughout its presale which began in October 2022. The Aptos token has experienced substantial growth with its price increasing from $2 to $10 in just a few months.

Overall, the DigiToads (TOADS) token growth mirrors that of Aptos making it a cryptocurrency to watch in the coming weeks.

Is DigiToads’ TOADS token a good investment?

Well, investing in cryptocurrencies comes with a myriad of risks especially since the crypto market is extremely volatile and the fact that there are many scam projects out here.

However, despite the many challenges, there are still viable crypto projects that investors can cash in although one has to consider a variety of factors before investing his/her hard-earned money.

That said, DigiToads’ TOADS presale could be a good chance for investors to take advantage of the DigiToads projects before it goes mainstream.

The TOADS token is a utility-rich token and its price has been rising during the presale. 

The post DigiToads meteoric presale growth reminiscent of Stepn and Aptos appeared first on CoinJournal.

AVAX price outlook: key indicator points to new momentum

AVAX is trading around $18.44 and could rally to $30 with fresh upside momentum.
On-chain data shows a jump in social volume and sentiment, suggestng uptick in retail activity.
Avalanche recorded a 62% jump in daily active users last week.

Avalanche price is up 1.5% at the time of writing, and just over 14% in the past one month. 

While the token of this Ethereum competitor has not seen a major price uptick compared to some of the top coins by market cap, on-chain data suggests a fresh catalyst is likely to see AVAX/USD soar.

Avalanche (AVAX) price- on-chain metrics signal bullish outlook

Avalanche, according to one on-chain metric, is flashing signals of a new upward momentum. Santiment, in a brief assessment of the Avalanche social volumes indicator, says current sentiment for this coin has been higher than when AVAX price rose to its year-to-date highs of $21 in February.

The increase in social volume as well as positive weighted sentiment for Avalanche during the latest pullback provides for a bullish outlook for the cryptocurrency, Santiment noted.

According to the on-chain data platform, AVAX/USD saw “minimal social volume and sentiments were stagnant,” during the run to $21. The difference between then and now is clear in terms of the sharp increase in these metrics.

As such, Avalanche is poised for a potential uptick in retail buying, an outlook that could spell a period of sustained gains for the tokens.

📈 The latest community insight posted by the #DCXResearch team notes that in February 2023, when the price of #Avalanche reached $21, there was minimal social volume and sentiments were stagnant. However, during the current pullback, there has been a notable increase in both pic.twitter.com/Qb4qD9dt0x

— Santiment (@santimentfeed) April 12, 2023

This is an interesting trend, as social volumes have significantly increased, suggesting a potential leading indicator that will be picked up by retail segment in price movement in coming near future,” Santiment noted as it commented on the price movement of AVAX.

On 10 April, Web3 platform Token Terminal shared details on Avalanche that showed daily active users on the network had spiked by more than 62% over the past week.

Daily active users on @avalancheavax up 62.8% over the past week 📈 pic.twitter.com/dCkoaZuXdP

— Token Terminal (@tokenterminal) April 10, 2023

Avalanche currently trades around $18.44 and could jump 22% to hit the February peak. The next target would be $30, which would mean a 64% jump from current levels.

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Warren Buffett still sees bitcoin as a ‘gambling token’

Bitcoin is up again following the U.S. inflation data on Wednesday.
Warren Buffett reiterates that BTC doesn’t have any intrinsic value.
BTC is currently up a whopping 80% since the start of the year.

Bitcoin has climbed a whopping 80% since the start of the year but the “Oracle of Omaha” is still not convinced that it’s an investable asset.

Buffett reiterates his view on Bitcoin

Legendary investor Warren Buffett continues to see the bitcoin as “rat poison squared”. Spending money on it, he reiterated today, is more akin to gambling than investment.

Bitcoin is a gambling token and it doesn’t have any intrinsic value, but that doesn’t stop people from wanting to play the roulette wheel.

Buffett is one of the most notable critics of cryptocurrencies at large.

Interestingly, though, his conglomerate Berkshire Hathaway increased its stake just a day earlier in Sumitomo Corp despite the Japanese trading company’s affiliations with Ripple.

Bitcoin is up after the U.S. inflation data today

Bitcoin is trading comfortably above the $30,000 level on Wednesday following the update from the U.S. Bureau of Labour Statistics which confirmed that inflation continued to ease in March.

And Buffett agreed that there’s no telling when the upside will exhaust. On CNBC’s “Squawk Box”, he said:

That’s predicting when speculation will end, when gambling instinct will go away, when more people would want to get out. If I were good at that, I’d make a lot of money in different things.

Remember that the total supply of bitcoin is scheduled to have in April or May of next year – an event that’s historically unlocked more upside in BTC.

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DAIS, New AI-Powered Fashion NFT Crypto Goes Viral, Raising $100,000 in Under 24 Hours After Launch

DAIS, a new AI-powered fashion NFT platform that has garnered significant attention and investment since its launch on April 11th. DAIS has already raised more than $100,000 with investors rushing to secure tokens for this viral project. The platform offers users the opportunity to earn income by collecting NFTs and try-on digital fashion. The web3 platform that merges cutting-edge blockchain technology with fashion.

The platform’s beta presale of DAIS tokens is currently available at a price of $0.0005, with some experts modeling a 480% increase in price before the final stage begins. The presale will end soon with the IEO to follow afterward.

Investors who purchase the DAIS tokens during the beta presale using the promo code GRABDAIS20 will receive a 20% bonus on their tokens. This is a Limited Offer!

The digital fashion industry is already worth $500 million and grew by 30% in the last year, and is estimated to reach $4.8 billion by 2031, making it a lucrative market for DAIS to enter. DAIS offers several features that will revolutionize the industry, such as AI-powered design, AR, NFTs, Dex exchange, sustainability, and creator incentives. The platform’s AI-powered design system generates unique and visually appealing fashion designs that cater to various styles and preferences, promoting creativity in fashion design and customization.

The use of NFTs on the platform ensures the scarcity, uniqueness, and value of each digital fashion item, offering collectors and investors an alternative to traditional fashion assets. Additionally, focusing on digital fashion reduces the environmental impact of the fashion industry, making it an eco-friendly alternative to traditional fashion consumption.

DAIS is also seeking partnerships with luxury brands to conduct sponsored NFT fashion events that will provide merchandise or discounts on NFTs. These partnerships will broaden the reach and appeal of digital fashion and provide additional revenue sources for the platform.

DAIS tokens have no vesting period, with almost the entire supply in the hands of the community, ensuring no risk of a rug-pull or scam. The platform’s team has developed robust tokenomics that inspire investor confidence, with 50% of the max 20 billion supply made available in four presale rounds and the final 50% set aside for future Cex exchange listings, burning, marketing, and Dex liquidity.

DAIS is poised to revolutionize the digital fashion industry and transform the way we think about fashion and its economic potential.

Beginners’ Guide: How to Purchase DAIS

The steps below will show beginners how to take part in the DAIS Presale:

Step 1 — Download a Crypto Wallet

Investors will first need to download a crypto wallet such as MetaMask or Trust Wallet.

They are free and can be used either via a browser extension on a PC or via a mobile app.

Step 2 — Purchase or Hold ETH

Investors will need to hold some Ethereum (ETH) in their crypto wallet — both to convert into DAIS and to cover Ethereum gas (transaction) fees.

ETH can be bought via any trusted crypto exchange or broker and simply transferred into the wallet, or directly on the wallet with both MetaMask and Trust Wallet.

Tether (USDT) can also be used to purchase DAIS, but ETH is the simpler choice for beginners as buyers will need to hold some anyway for gas.

Step 3 — Connect to DAIS Website

Once ETH (or USDT) is held in the wallet, visit the DAIS website and select ‘Connect Wallet!’

That should then allow you to connect and sign in with your crypto wallet.

Next, select the relevant ‘Buy With…’ option and input the amount of tokens you wish to purchase or spend (min investment $50, no max) — after confirming, another window will appear where you will need to confirm the ETH gas fee, so leave some over to cover that.

Step 4 — Claim DAIS Tokens

Once the public presale ends, you’ll be able to claim your purchased DAIS tokens using the claim page. Claim button and updates will be given before the claim goes live with further instructions.

Visit DAIS Presale

Website: https://dais.network

Whitepaper: https://dais.network/img_data/752797036974.pdf

Twitter: https://twitter.com/daisofficial

Telegram: https://t.me/daisnetworkofficial

Instagram: https://www.instagram.com/daiscoin

Linktree: https://linktr.ee/daisnetwork

The post DAIS, New AI-Powered Fashion NFT Crypto Goes Viral, Raising $100,000 in Under 24 Hours After Launch appeared first on CoinJournal.

Bitfinex gets license to operate under El Salvador’s new crypto Law

El Salvador was the first country to pass Bitcoin as a legal tender.
El Salvador‘s Legislative Assembly established a framework for the country to issue Bitcoin-backed bonds.
Bitfinex is the first international crypto exchange to be approved under El Salvador’s new Digital Assets Issuance Law.

Bitfinex Securities El Salvador, the Bitfinex branch in El Salvador, has become the world’s first international cryptocurrency exchange to receive approval and get licensed as a Digital Asset Service Provider under El Salvador’s ground-breaking new Digital Assets Issuance Law (“Ley de Emisión de Activos Digitales”).

Bitfinex received the new license from El Salvador’s National Digital Asset Commission and it marks a significant milestone for the crypto exchange. It is a step in Bitfinex’s long-term strategy to deliver financial freedom and inclusion to communities and countries around the world, as outlined in the Bitfinex Freedom Manifesto.

The Chief Technology Officer of the Bitfinex group commenting on the new license said:

“We are delighted to be the first company to be awarded this license. It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital asset regulatory regime. It means that a whole range of entities, from small companies to governments, can raise capital in a regulated environment, and tap into a class of investors that are extremely comfortable with crypto assets and tokenized securities, which represents a market of over $1 trillion with a peak of $3 trillion.”

The new crypto law in El Salvador

The new Digital Asset Issuance Law in El Salvador was passed by El Salvador’s National Congress in January 2023 and it aims to foster increased financial innovation and growth in the Central American country.

The new El Salvador crypto laws established a framework for the country to issue Bitcoin-backed bonds, which are also referred to as “Volcano Bonds”.

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DeFi projects could face regulatory requirements, says Hong Kong regulator

Key takeaways

A Hong Kong regulator has revealed that DeFi projects could be subject to regulatory requirements.

The SFC said DeFi activities fall within the scope of the Securities and Futures Ordinance.

Hong Kong’s new licensing regime for digital asset trading platforms takes effect in June 2023

DeFi projects could face regulatory requirements in Hong Kong

Keith Choy, interim head of intermediaries at Hong Kong’s Securities and Futures Commission (SFC), revealed on Wednesday, April 12th, that decentralised finance (DeFi) projects could face licencing requirements and regulation in the country. 

According to the SFC, DeFi activities fall within the scope of the Securities and Futures Ordinance and will be subject to the same regulatory requirements as traditional finance (TradFi). 

Choy mentioned this while speaking at the Web3 Festival in Hong Kong. This latest cryptocurrency news comes after the United States and France recently published reports on DeFi regulation. 

Choy’s speech doesn’t come as a surprise, as the SFC has previously pointed out that the DeFi ecosystem is in need of regulation. However, the regulatory agency is yet to lay out its plans on how to properly regulate the ecosystem. Choy said;

“Providing automated trading services is a regulated activity under the SFO. If a decentralized platform allows trading in virtual assets, which constitutes securities or futures as defined under the SFO, the platform and operators are required to have a Type 7 license.”

Collective investment schemes also need authorisation

The SFC pointed out that authorisation requirements are also necessary when companies wish to offer a collective investment scheme to the public in Hong Kong

According to Choy, DeFi presents regulatory agencies with issues, including financial stability and limited transparency, resulting from a lack of data and unregulated firms and activities. 

He also discussed market integrity issues like price oracle manipulation, front-running transactions and investor protection concerns.

Hong Kong is one of the leading crypto hubs in the world. In February, Interactive Brokers launched its crypto trading services in Hong Kong. 

Hong Kong’s new licensing regime for digital asset trading platforms is set to come into effect in June 2023.

The post DeFi projects could face regulatory requirements, says Hong Kong regulator appeared first on CoinJournal.


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