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📰 TheBittime Article
DOGETROLL 🐶 The new meme-king that has taken to a whole new level of NFTs, auctions, community-owned, and tons of other benefits:
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Dogecoin Price Prediction as Price Shoots Up 100% in a Week
Dogecoin bulls are ready to defend key support areas to prevent their weekly accrued gains from being wiped out as bears plan revenge missions. The largest meme coin continues to grace the cryptocurrency market with an unstoppable rally, as gains surpassed the 100% mark in a week. Over the last 24 hours, Dogecoin price extended its bullish outlook 21% higher, bringing its total accumulated gains to 112% in just seven days.
Key Fundamentals Support the Dogecoin Price Rally
Elon Musk, the world's wealthiest man – and now the CEO of Twitter may have triggered the Dogecoin price rally mid this week; however, other on-chain and macro factors kept the uptrend intact, preventing sudden retracements.
At the time of writing, Dogecoin price exchanged hands at $0.1270, barely a day after it climbed above $0.1000. As discussed in this analysis on Saturday, DOGE exhibits the potential to brush shoulders with $0.1400, a move likely to set the pace for the second phase of its run-up to $1.0000.
According to Dogechain, a platform focusing on powering DOGE in DeFi (decentralized finance), GameFi and NFTs – Dogecoin is fast becoming one of the most frequented blockchains in the industry. Dogechain shared the details of on-chain transactions surpassing 2.5 million in the last 24 hours.
On-chain data from Santiment concurred with Dogechain, as shown in the chart below. About $14.25 billion has been recorded in trading volume, following a sharp swing from $3.00 billion on October 29. Dogecoin price has no plans of reversing the trend as long as interest in the token keeps hitting new levels.
Dogecoin bulls are ready to defend key support areas to prevent their weekly accrued gains from being wiped out as bears plan revenge missions. The largest meme coin continues to grace the cryptocurrency market with an unstoppable rally, as gains surpassed the 100% mark in a week. Over the last 24 hours, Dogecoin price extended its bullish outlook 21% higher, bringing its total accumulated gains to 112% in just seven days.
Key Fundamentals Support the Dogecoin Price Rally
Elon Musk, the world's wealthiest man – and now the CEO of Twitter may have triggered the Dogecoin price rally mid this week; however, other on-chain and macro factors kept the uptrend intact, preventing sudden retracements.
At the time of writing, Dogecoin price exchanged hands at $0.1270, barely a day after it climbed above $0.1000. As discussed in this analysis on Saturday, DOGE exhibits the potential to brush shoulders with $0.1400, a move likely to set the pace for the second phase of its run-up to $1.0000.
According to Dogechain, a platform focusing on powering DOGE in DeFi (decentralized finance), GameFi and NFTs – Dogecoin is fast becoming one of the most frequented blockchains in the industry. Dogechain shared the details of on-chain transactions surpassing 2.5 million in the last 24 hours.
On-chain data from Santiment concurred with Dogechain, as shown in the chart below. About $14.25 billion has been recorded in trading volume, following a sharp swing from $3.00 billion on October 29. Dogecoin price has no plans of reversing the trend as long as interest in the token keeps hitting new levels.
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Dash 2 Trade Presale Just Confirmed Its First CEX Listing – $500,000 Raised in 24 Hours Passing $4 Million So Far
Dash 2 Trade has announced that LBANK Exchange will be the first CEX to list its D2T token, as it also confirms that its presale has raised more than $4 million. These milestones come less than two weeks after it kicked off its public token sale, which has attracted growing numbers of investors interested in its trading intelligence platform.
The deal between Dash 2 Trade and LBANK Exchange means that D2T will list on the centralized exchange following the conclusion of its presale, which is currently in the second of nine planned stages. This is expected to happen in the first quarter of 2023 when Dash 2 Trade's innovative dashboard and intelligence platform will launch.
Despite beginning very recently, the token sale has managed to attract $4.1 million in funding already. Once it reaches $5,166,000, it will move onto stage three, at which point D2T's sale price will rise from 0.05 USDT to 0.0513 USDT.
By the time it reaches the ninth and final stage, its price will have risen to 0.0662 USDT. This means that investors who entered early and bought during the first stage (when D2T was priced at 0.0476 USDT) will have made a 39% profit by the end of the sale, although the coin's listing on LBANK may bring further rises.
Access to such features revolves around Dash 2 Trade's subscription system, which provides users with different tools and resources depending on which of the two main tiers they choose. That said, there's also a free-to-use option, which restricts the number of available features but still provides the curious with a foretaste of what they can expect from the main offerings.
Dash 2 Trade has announced that LBANK Exchange will be the first CEX to list its D2T token, as it also confirms that its presale has raised more than $4 million. These milestones come less than two weeks after it kicked off its public token sale, which has attracted growing numbers of investors interested in its trading intelligence platform.
The deal between Dash 2 Trade and LBANK Exchange means that D2T will list on the centralized exchange following the conclusion of its presale, which is currently in the second of nine planned stages. This is expected to happen in the first quarter of 2023 when Dash 2 Trade's innovative dashboard and intelligence platform will launch.
Despite beginning very recently, the token sale has managed to attract $4.1 million in funding already. Once it reaches $5,166,000, it will move onto stage three, at which point D2T's sale price will rise from 0.05 USDT to 0.0513 USDT.
By the time it reaches the ninth and final stage, its price will have risen to 0.0662 USDT. This means that investors who entered early and bought during the first stage (when D2T was priced at 0.0476 USDT) will have made a 39% profit by the end of the sale, although the coin's listing on LBANK may bring further rises.
Access to such features revolves around Dash 2 Trade's subscription system, which provides users with different tools and resources depending on which of the two main tiers they choose. That said, there's also a free-to-use option, which restricts the number of available features but still provides the curious with a foretaste of what they can expect from the main offerings.
Cardano Price Forcast - Can ADA Hold at $0.41 Today?
Peer-reviewed blockchain network, Cardano, is one of the crypto market’s strong performers. The smart contract network has retained several investors’ interest and currently ranks as one of the top 10 most valuable blockchain projects.
Meanwhile, Cardano’s utility token, ADA, has regained the $0.41 price peg in the past 24 hours. Can it retain this current value? What crypto investments have the potential for a 50x return in the closing months of 2022?
2022 has been a rollercoaster season for all cryptocurrencies, including ADA. the digital asset has since toppled from its 2021 high of $3.10 and hit a 52-week low of $0.33 in the current crypto winter. However, things are gradually picking up, and the network token is back above the 40-cent mark.
At press time, ADA is trading at $0.41, an uptrend of 5.83% in the past day. The digital asset’s sustained growth has been thanks to its much-anticipated blockchain protocol.
Cardano recently completed its Alonzo hardfork, bringing more scalability to the popular Ethereum killer. With much to be done, the principal founder, Charles Hoskinson, has announced the Age of Voltaire, a digital event from November 18 to 19.
Peer-reviewed blockchain network, Cardano, is one of the crypto market’s strong performers. The smart contract network has retained several investors’ interest and currently ranks as one of the top 10 most valuable blockchain projects.
Meanwhile, Cardano’s utility token, ADA, has regained the $0.41 price peg in the past 24 hours. Can it retain this current value? What crypto investments have the potential for a 50x return in the closing months of 2022?
2022 has been a rollercoaster season for all cryptocurrencies, including ADA. the digital asset has since toppled from its 2021 high of $3.10 and hit a 52-week low of $0.33 in the current crypto winter. However, things are gradually picking up, and the network token is back above the 40-cent mark.
At press time, ADA is trading at $0.41, an uptrend of 5.83% in the past day. The digital asset’s sustained growth has been thanks to its much-anticipated blockchain protocol.
Cardano recently completed its Alonzo hardfork, bringing more scalability to the popular Ethereum killer. With much to be done, the principal founder, Charles Hoskinson, has announced the Age of Voltaire, a digital event from November 18 to 19.
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SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot.
In a Friday announcement, the regulatory body said Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault, who were involved in the crypto project, raised 82,000 BTC (worth around $300 million) from over 100,000 investors worldwide between 2016 to 2018.
The Trade Coin Club founder Braga reportedly deceived investors by telling them they could generate “minimum returns of 0.35% daily” from a “crypto asset trading bot,” but instead used these funds to compensate himself, Paradise, Taylor, and Tetreault.
We allege that Braga used Trade Coin Club to steal hundreds of millions from investors around the world and enrich himself by exploiting their interest in investing in digital assets,” said David Hirsch, Chief of the Enforcement Division’s Crypto Assets and Cyber Unit.
The SEC further claimed that Braga received at least $55 million worth of user funds (8,396 Bitcoin), while Paradise gained $1.4 million, Taylor $2.6 million, and Tetreault got around $625,000.
Notably, the price of Bitcoin has increased substantially since 2016, suggesting that they could have pocketed far more if they had held their coins. For instance, Braga's 8,396 BTC was worth a whopping $580 million in early November 2021 when the coin hit an all-time high of around $70,000.
The project's website is no longer accessible. According to a report by the Wall Street Journal, Braga currently lives in Brazil and Taylor lives in Hawaii.
Trade Coin Club, which marketed itself as a membership group for trading bitcoin, was "a multi-level marketing program" that operated from 2016 through 2018 and promised profits from the trading activities of a purported crypto asset trading bot, according to the SEC.
While crypto Ponzi schemes are nothing out of the norm, the SEC and other financial regulators have lately ramped up their efforts to make sure scammers don't go unpunished.
The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot.
In a Friday announcement, the regulatory body said Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault, who were involved in the crypto project, raised 82,000 BTC (worth around $300 million) from over 100,000 investors worldwide between 2016 to 2018.
The Trade Coin Club founder Braga reportedly deceived investors by telling them they could generate “minimum returns of 0.35% daily” from a “crypto asset trading bot,” but instead used these funds to compensate himself, Paradise, Taylor, and Tetreault.
We allege that Braga used Trade Coin Club to steal hundreds of millions from investors around the world and enrich himself by exploiting their interest in investing in digital assets,” said David Hirsch, Chief of the Enforcement Division’s Crypto Assets and Cyber Unit.
The SEC further claimed that Braga received at least $55 million worth of user funds (8,396 Bitcoin), while Paradise gained $1.4 million, Taylor $2.6 million, and Tetreault got around $625,000.
Notably, the price of Bitcoin has increased substantially since 2016, suggesting that they could have pocketed far more if they had held their coins. For instance, Braga's 8,396 BTC was worth a whopping $580 million in early November 2021 when the coin hit an all-time high of around $70,000.
The project's website is no longer accessible. According to a report by the Wall Street Journal, Braga currently lives in Brazil and Taylor lives in Hawaii.
Trade Coin Club, which marketed itself as a membership group for trading bitcoin, was "a multi-level marketing program" that operated from 2016 through 2018 and promised profits from the trading activities of a purported crypto asset trading bot, according to the SEC.
While crypto Ponzi schemes are nothing out of the norm, the SEC and other financial regulators have lately ramped up their efforts to make sure scammers don't go unpunished.
US Midterm Elections: Outcome Will Decide the Future of Crypto Legislation – Republicans to Gain Majority?
The US midterm elections are underway, and the outcome could have a larger impact on the future of crypto regulation than most people believe.
Polling so far in the election has indicated a clear lead to the Republican Party for the House of Representatives, while the Senate is a bit more uncertain. If the Republicans can secure a majority in the House and the Senate, the US could be facing more political gridlock over the coming years given that the White House remains under Democratic control for at least another two years.
For crypto, the election matters given important regulatory matters on the government’s agenda. According to a recent Bloomberg report, the crypto industry had widely expected 2022 to be the year when regulatory clarity could finally arrive, or that lawmakers – at the very least – would come up with a plan to regulate crypto.
With only two months left of the year, however, the chances that any crypto-related bills will be passed by Congress appear very slim, the report pointed out. Still, it’s not all bad for the crypto industry, where the general sentiment is that Republicans are expressing more favorable views than their Democratic colleagues.
For instance, one of the most notable crypto critics in the House is Democratic Representative Brad Sherman, who first became known in the crypto community in 2019 when he proposed a ban on cryptoasset purchases in the US. The Congressman followed up with more sarcastic remarks on crypto during a hearing in December last year, when he suggested that “bitcoin could be displaced by ether” and various obscure altcoins he referred to as “hamster coin” and “mongoose coin.”
Moreover, it is believed that a Republican-controlled Congress would push more aggressively to pass bills that the crypto industry is asking for. Additionally, Bloomberg also noted that Republicans are likely to put pressure on regulators like the SEC to ease their aggressive stance towards the crypto industry.
Commenting to Bloomberg on the regulatory outlook for crypto if the US ends up with a divided government after the election, Mike Conaway, a former chairman of the House Agriculture Committee who now lobbies on behalf of the crypto industry, said he remains hopeful.
“So far, most things crypto have remained relatively bipartisan,” Conway said, while adding that passing crypto legislation would be an “easy victory” for the White House and Congress. At the same time, it would make it clear for everyone that Democrats and Republicans can still work together, he said.
The US midterm elections are underway, and the outcome could have a larger impact on the future of crypto regulation than most people believe.
Polling so far in the election has indicated a clear lead to the Republican Party for the House of Representatives, while the Senate is a bit more uncertain. If the Republicans can secure a majority in the House and the Senate, the US could be facing more political gridlock over the coming years given that the White House remains under Democratic control for at least another two years.
For crypto, the election matters given important regulatory matters on the government’s agenda. According to a recent Bloomberg report, the crypto industry had widely expected 2022 to be the year when regulatory clarity could finally arrive, or that lawmakers – at the very least – would come up with a plan to regulate crypto.
With only two months left of the year, however, the chances that any crypto-related bills will be passed by Congress appear very slim, the report pointed out. Still, it’s not all bad for the crypto industry, where the general sentiment is that Republicans are expressing more favorable views than their Democratic colleagues.
For instance, one of the most notable crypto critics in the House is Democratic Representative Brad Sherman, who first became known in the crypto community in 2019 when he proposed a ban on cryptoasset purchases in the US. The Congressman followed up with more sarcastic remarks on crypto during a hearing in December last year, when he suggested that “bitcoin could be displaced by ether” and various obscure altcoins he referred to as “hamster coin” and “mongoose coin.”
Moreover, it is believed that a Republican-controlled Congress would push more aggressively to pass bills that the crypto industry is asking for. Additionally, Bloomberg also noted that Republicans are likely to put pressure on regulators like the SEC to ease their aggressive stance towards the crypto industry.
Commenting to Bloomberg on the regulatory outlook for crypto if the US ends up with a divided government after the election, Mike Conaway, a former chairman of the House Agriculture Committee who now lobbies on behalf of the crypto industry, said he remains hopeful.
“So far, most things crypto have remained relatively bipartisan,” Conway said, while adding that passing crypto legislation would be an “easy victory” for the White House and Congress. At the same time, it would make it clear for everyone that Democrats and Republicans can still work together, he said.
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New Metaverse Crypto Presale Backed by LBank Labs RobotEra Goes Live
RobotEra has launched its presale, providing traders with the opportunity to invest early in its native TARO token. Running on the Ethereum blockchain, the platform is developing a Sandbox-style Metaverse, where players can participate in the creation of NFT-based land and buildings.
In a year of big presales, RobotEra has the makings of a successful offering, with the platform already boasting some strong fundamentals. It also happens to boast funding from LBANK Labs, hinting at the momentum it could gather once its sale progresses further and when it secures its first exchange listings.
New Metaverse Crypto Presale Backed by LBank Labs RobotEra Goes Live
With its alpha version due by the end of the first quarter of 2023, RobotEra is pushing full steam ahead with the launch of its presale. Even though the sale began only yesterday, it has already sold over 300,000 TARO, which is currently being sold at a price of 0.020 USDT.
Interested investors can participate in the presale by heading over to the RobotEra website, where they can connect their Wallet Connect cryptocurrency wallet and use either ETH or USDT to purchase TARO. Prospective participants are advised to act fast, since the price of TARO will rise by 25% once the sale enters its second stage.
The presale will have three stages in total, with each selling 90 million TARO. Together, these three stages represent 15% of TARO's total maximum supply of 1.5 billion, with the biggest shares being set aside for its DAO-based treasury (33%) and for play-to-earn rewards for players (25%).
RobotEra has launched its presale, providing traders with the opportunity to invest early in its native TARO token. Running on the Ethereum blockchain, the platform is developing a Sandbox-style Metaverse, where players can participate in the creation of NFT-based land and buildings.
In a year of big presales, RobotEra has the makings of a successful offering, with the platform already boasting some strong fundamentals. It also happens to boast funding from LBANK Labs, hinting at the momentum it could gather once its sale progresses further and when it secures its first exchange listings.
New Metaverse Crypto Presale Backed by LBank Labs RobotEra Goes Live
With its alpha version due by the end of the first quarter of 2023, RobotEra is pushing full steam ahead with the launch of its presale. Even though the sale began only yesterday, it has already sold over 300,000 TARO, which is currently being sold at a price of 0.020 USDT.
Interested investors can participate in the presale by heading over to the RobotEra website, where they can connect their Wallet Connect cryptocurrency wallet and use either ETH or USDT to purchase TARO. Prospective participants are advised to act fast, since the price of TARO will rise by 25% once the sale enters its second stage.
The presale will have three stages in total, with each selling 90 million TARO. Together, these three stages represent 15% of TARO's total maximum supply of 1.5 billion, with the biggest shares being set aside for its DAO-based treasury (33%) and for play-to-earn rewards for players (25%).
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This New Metaverse Project is Taking on the Big Players like Decentraland and The Sandbox – How to Buy Early?
RobotEra has now sold over 1.3 million TARO in its presale, which launched only two days ago. The Ethereum-based platform will offer a Sandbox-style Metaverse, where players can participate in the creation of NFT-based land, structures, and in-game items while also building new metaverses and linking up with other NFT communities.
RobotEra's overall conception, design, and roadmap put it in direct competition with existing platforms such as Decentraland and The Sandbox. Yet, with promising fundamentals and VC backing from LBANK Labs, it has every chance of establishing itself in a growing field.
This New Metaverse Project is Taking on the Big Players like Decentraland and The Sandbox – How to Buy Early?
Having been in development since the beginning of this year, the alpha version of RobotEra's platform is due by the end of the first quarter of 2023. This gives it just enough time to hold a three-stage presale and list on exchanges, by which point its native TARO token will have had the chance to post some good returns.
To participate in the sale, investors need only head over to the RobotEra website. There, they can connect their Wallet Connect or MetaMask crypto wallet and purchase TARO using either ETH or USDT.
At the time of writing, the presale price for 1 TARO is 0.02 USDT, yet this will rise by 25% (to 0.025 USDT) once stage one of the sale ends and stage two begins. A third and final stage will push the price up to 0.032 USDT, meaning that early investors who bought for 0.02 USDT will have technically made a profit of 60%.
Each stage of the presale will see 90 million TARO sold apiece. Combined, these three stages account for 15% of TARO's total maximum supply of 1.5 billion, with the largest shares allocated to its DAO-based treasury (33%) and to play-to-earn rewards for players (25%).
RobotEra has now sold over 1.3 million TARO in its presale, which launched only two days ago. The Ethereum-based platform will offer a Sandbox-style Metaverse, where players can participate in the creation of NFT-based land, structures, and in-game items while also building new metaverses and linking up with other NFT communities.
RobotEra's overall conception, design, and roadmap put it in direct competition with existing platforms such as Decentraland and The Sandbox. Yet, with promising fundamentals and VC backing from LBANK Labs, it has every chance of establishing itself in a growing field.
This New Metaverse Project is Taking on the Big Players like Decentraland and The Sandbox – How to Buy Early?
Having been in development since the beginning of this year, the alpha version of RobotEra's platform is due by the end of the first quarter of 2023. This gives it just enough time to hold a three-stage presale and list on exchanges, by which point its native TARO token will have had the chance to post some good returns.
To participate in the sale, investors need only head over to the RobotEra website. There, they can connect their Wallet Connect or MetaMask crypto wallet and purchase TARO using either ETH or USDT.
At the time of writing, the presale price for 1 TARO is 0.02 USDT, yet this will rise by 25% (to 0.025 USDT) once stage one of the sale ends and stage two begins. A third and final stage will push the price up to 0.032 USDT, meaning that early investors who bought for 0.02 USDT will have technically made a profit of 60%.
Each stage of the presale will see 90 million TARO sold apiece. Combined, these three stages account for 15% of TARO's total maximum supply of 1.5 billion, with the largest shares allocated to its DAO-based treasury (33%) and to play-to-earn rewards for players (25%).
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Crypton Exchange is a confidential crypto exchange platform backed by the decentralized Utopia P2P ecosystem.
This is the first digital offshore. Here you can trade, conduct financial transactions and withdraw money in unlimited quantities. No-KYC registration without a phone number or email. All you need is to come up with a nickname and start trading.
The platform is available worldwide without restrictions and low fees.
Try the most private crypto exchange platform here: https://crp.is
Telegram| Project portal| Exchange|
Play to Earn Cryptos Are Making a Comeback and This Coin is In The Lead
Play-to-earn crypto projects suffered huge losses in 2022 after their meteoric rise in 2021, with the top games in the space hemorrhaging investment and player base.
The likes of Decentraland, Axie Infinity, and The Sandbox have been some of the biggest losers in the bear market, despite the obvious potential of GameFi in the future.
While the likes of Fortnite, Minecraft, and Roblox attract tens of millions of players every day, only two GameFi projects - AlienWorlds and Trickshot Blitz - have attracted more than 500,000 in the last month, according to DappRadar.
But there are signs the asset class is recovering, with a DappRadar report also stating that GameFi projects have proven to be more resistant to the crypto winter than other crypto assets due to their greater utility and potential.
One new presale project, Calvaria, is aiming to attract casual and traditional gamers en masse by offering a solution to the two biggest issues in the crypto gaming space.
Play-to-earn crypto projects suffered huge losses in 2022 after their meteoric rise in 2021, with the top games in the space hemorrhaging investment and player base.
The likes of Decentraland, Axie Infinity, and The Sandbox have been some of the biggest losers in the bear market, despite the obvious potential of GameFi in the future.
While the likes of Fortnite, Minecraft, and Roblox attract tens of millions of players every day, only two GameFi projects - AlienWorlds and Trickshot Blitz - have attracted more than 500,000 in the last month, according to DappRadar.
But there are signs the asset class is recovering, with a DappRadar report also stating that GameFi projects have proven to be more resistant to the crypto winter than other crypto assets due to their greater utility and potential.
One new presale project, Calvaria, is aiming to attract casual and traditional gamers en masse by offering a solution to the two biggest issues in the crypto gaming space.
Cheelee: GameFi short video platform. Watch. Play. Earn.
Cheelee is the first GameFi short video platform where the user can make money while viewing the feed. Upon registration of your in-app wallet, you receive special NFT glasses, and you can start making money.
The mechanics are based on the Attention Economy model, where user’s attention is treated as a commodity for which social networks begin to pay. I looked into WP and got to the point.
Let’s take a look at some of the highlights:
1. A sustainable financial model. An extremely important indicator in the current market.
Cheelee is a social network, whose revenue is by 30% provided by advertising, in-game purchases and collaborations with brands, while for most m2e projects this figure is no more than just 1%.
2. The project is focused on a wide audience of social networks, it is 4.6 billion people, and plans to reach the 1st billion in the next 4 years.
3. The Cheelee social network was not created from scratch. There are almost three years of development behind it, 100+ team members, experience and continuity in the form of NUTSon social network with more than 1.5M uploads.
4. Free project entry. You do not need to spend hundreds and thousands of dollars to become a member of Cheelee, you just need to sign-up and start using the app.
5. You can earn without changing any of your habits. Just scroll through the feed, watch videos and get tokens.
All this sounds cool, but what about the prospects for the token price?
The emission of tokens is limited. There is a deflationary economic model, while the complexity of the mining will increase.
To support the token rates (there will be two CHEEL and LEE), the project has a Stability Fund, where up to 100% of profits from NFT sales and in-app transactions and 70% of advertising revenue, in-game purchases and collaboration with brands will be donated.
Now there is a chance to get WL and take a part in the giveaway of 50 000$!!!
http://bit.ly/3hIy7Oy
Cheelee is the first GameFi short video platform where the user can make money while viewing the feed. Upon registration of your in-app wallet, you receive special NFT glasses, and you can start making money.
The mechanics are based on the Attention Economy model, where user’s attention is treated as a commodity for which social networks begin to pay. I looked into WP and got to the point.
Let’s take a look at some of the highlights:
1. A sustainable financial model. An extremely important indicator in the current market.
Cheelee is a social network, whose revenue is by 30% provided by advertising, in-game purchases and collaborations with brands, while for most m2e projects this figure is no more than just 1%.
2. The project is focused on a wide audience of social networks, it is 4.6 billion people, and plans to reach the 1st billion in the next 4 years.
3. The Cheelee social network was not created from scratch. There are almost three years of development behind it, 100+ team members, experience and continuity in the form of NUTSon social network with more than 1.5M uploads.
4. Free project entry. You do not need to spend hundreds and thousands of dollars to become a member of Cheelee, you just need to sign-up and start using the app.
5. You can earn without changing any of your habits. Just scroll through the feed, watch videos and get tokens.
All this sounds cool, but what about the prospects for the token price?
The emission of tokens is limited. There is a deflationary economic model, while the complexity of the mining will increase.
To support the token rates (there will be two CHEEL and LEE), the project has a Stability Fund, where up to 100% of profits from NFT sales and in-app transactions and 70% of advertising revenue, in-game purchases and collaboration with brands will be donated.
Now there is a chance to get WL and take a part in the giveaway of 50 000$!!!
http://bit.ly/3hIy7Oy
GiveLab.com
Cheelee is giving $50,000!
Hanging on social networks scrolling the feed for hours? Times are changing: your attention is your...
The Newest Metaverse Project in Crypto is Currently Raising Funds to Build its Ecosystem – Here’s How You Can Buy Early
Hot new metaverse and NFT project RobotEra has now raced past $100,000 in funding as investors flock to buy its native TARO token during the early presale phase.
TARO only launched last week but has already seen six figures of investment with the price of each token just $0.02, and is one of our best crypto launches of 2022.
In three presale phases, the price will increase by a total of 60% - from $0.02 to $0.025 and then $0.032 - with 270 million tokens on sale and no vesting period for presale tokens.
RobotEra, which is an LBank Labs project and comes from a doxxed and KYC-verified team, is a play-to-earn ecosystem similar to The Sandbox that allows players to earn active and passive income from the game in a variety of ways.
Monetize the Metaverse with RobotEra
In RobotEra, players take the form of Robot NFTs to help rebuild the planet Taro which was destroyed by a cataclysmic event.
While robots grant access to the metaverse, players can buy virtual plots of land - spread across seven continents - and rebuild and monetize it.
Players will need no prior coding knowledge to build upon their metaverse plots, with RobotEra featuring custom tools designed for the game.
Hot new metaverse and NFT project RobotEra has now raced past $100,000 in funding as investors flock to buy its native TARO token during the early presale phase.
TARO only launched last week but has already seen six figures of investment with the price of each token just $0.02, and is one of our best crypto launches of 2022.
In three presale phases, the price will increase by a total of 60% - from $0.02 to $0.025 and then $0.032 - with 270 million tokens on sale and no vesting period for presale tokens.
RobotEra, which is an LBank Labs project and comes from a doxxed and KYC-verified team, is a play-to-earn ecosystem similar to The Sandbox that allows players to earn active and passive income from the game in a variety of ways.
Monetize the Metaverse with RobotEra
In RobotEra, players take the form of Robot NFTs to help rebuild the planet Taro which was destroyed by a cataclysmic event.
While robots grant access to the metaverse, players can buy virtual plots of land - spread across seven continents - and rebuild and monetize it.
Players will need no prior coding knowledge to build upon their metaverse plots, with RobotEra featuring custom tools designed for the game.
Ethereum Price Prediction – ETH Bounces 12% From Recent Lows, How High Can it Go?
The ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents a 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days as its ongoing upgrades struggle to counteract ongoing pessimism.
Despite the negativity of the past few months, ETH holders have plenty of reason to be optimistic. Ethereum remains the biggest layer-one blockchain in terms of total value locked in, while the positive effects of its shift to proof-of-stake have only really just begun to make themselves felt, with ETH recently becoming deflationary.
ETH's 30-day moving average (red) also remains below its 200-day average (blue), suggesting that the coin remains in a downswing. That said, the fact that both indicators are low suggests ETH is due a rebound rally sooner or later.
Of course, with the market still reeling from the FTX bankruptcy, this may be later rather than sooner. This is largely because the collapse of the second-biggest exchange in the world is still likely to have contagion effects, with crypto-based lender BlockFi reportedly preparing for bankruptcy after it paused activities and admitted "significant exposure" to FTX.
With other exchanges suffering apparent runs on withdrawals, it remains highly possible that further dominoes could fall in the coming days and weeks. This would imply further market losses, something which certainly wouldn't spare ETH and its price.
That said, the industry is well aware of the risk of contagion, with certain players taking steps to head off such a possibility. For instance, Binance CEO Changpeng Zhao recently announced the creation of an industry recovery fund, which would serve to help platforms facing liquidity crises.
The ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents a 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days as its ongoing upgrades struggle to counteract ongoing pessimism.
Despite the negativity of the past few months, ETH holders have plenty of reason to be optimistic. Ethereum remains the biggest layer-one blockchain in terms of total value locked in, while the positive effects of its shift to proof-of-stake have only really just begun to make themselves felt, with ETH recently becoming deflationary.
ETH's 30-day moving average (red) also remains below its 200-day average (blue), suggesting that the coin remains in a downswing. That said, the fact that both indicators are low suggests ETH is due a rebound rally sooner or later.
Of course, with the market still reeling from the FTX bankruptcy, this may be later rather than sooner. This is largely because the collapse of the second-biggest exchange in the world is still likely to have contagion effects, with crypto-based lender BlockFi reportedly preparing for bankruptcy after it paused activities and admitted "significant exposure" to FTX.
With other exchanges suffering apparent runs on withdrawals, it remains highly possible that further dominoes could fall in the coming days and weeks. This would imply further market losses, something which certainly wouldn't spare ETH and its price.
That said, the industry is well aware of the risk of contagion, with certain players taking steps to head off such a possibility. For instance, Binance CEO Changpeng Zhao recently announced the creation of an industry recovery fund, which would serve to help platforms facing liquidity crises.
Kraken Crypto Exchange Founder Jesse Powell Says This One Thing Can Trigger the Next Bull Market
Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken, has predicted that the upcoming Bitcoin halving can trigger the start of the next bull market.
Powell, who appeared in an episode of the Bankless podcast, talked about the overall state of the crypto industry following the unprecedented collapse of FTX and speculated what could propel the space out of the ongoing bear market.
"It’s just a massive hit to lose $10 billion in capital from this industry. To have that just stolen away, that could’ve gone to great stuff and moved this industry forward. So that’s going to take some time to recover from," he said.
Powell added that the fallout of FTX delivered billions in losses to many retail users as well as institutions, leaving the crypto industry with a reputation to repair, which will ultimately take some time. However, he said the next Bitcoin halving, which is expected to take place in the first half of 2024, could be the next bullish catalyst for the market.
Bitcoin halving is when the rate of new Bitcoin entering circulation is cut in half, which occurs approximately every four years. Halvings also cut the reward for mining Bitcoin transactions in half and thus lower the available amount of new supply, even as demand increases.
Historically, Bitcoin halvings have led to the start of a bull market because of typical supply and demand mechanisms. And since the broader crypto market and altcoins simply follow Bitcoin, the entire crypto market rallies when Bitcoin surges higher.
The last halving took place in May 2020, and in 2021, Bitcoin topped an all-time high above $68,000. A similar occurrence happened when halving took place in 2016. The following year, Bitcoin hit what was, at the time a record high.
Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken, has predicted that the upcoming Bitcoin halving can trigger the start of the next bull market.
Powell, who appeared in an episode of the Bankless podcast, talked about the overall state of the crypto industry following the unprecedented collapse of FTX and speculated what could propel the space out of the ongoing bear market.
"It’s just a massive hit to lose $10 billion in capital from this industry. To have that just stolen away, that could’ve gone to great stuff and moved this industry forward. So that’s going to take some time to recover from," he said.
Powell added that the fallout of FTX delivered billions in losses to many retail users as well as institutions, leaving the crypto industry with a reputation to repair, which will ultimately take some time. However, he said the next Bitcoin halving, which is expected to take place in the first half of 2024, could be the next bullish catalyst for the market.
Bitcoin halving is when the rate of new Bitcoin entering circulation is cut in half, which occurs approximately every four years. Halvings also cut the reward for mining Bitcoin transactions in half and thus lower the available amount of new supply, even as demand increases.
Historically, Bitcoin halvings have led to the start of a bull market because of typical supply and demand mechanisms. And since the broader crypto market and altcoins simply follow Bitcoin, the entire crypto market rallies when Bitcoin surges higher.
The last halving took place in May 2020, and in 2021, Bitcoin topped an all-time high above $68,000. A similar occurrence happened when halving took place in 2016. The following year, Bitcoin hit what was, at the time a record high.
Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know
Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG).
The outstanding loans on Genesis’ balance sheet also consisted of intercompany loans, such as one from lending subsidiary Genesis Global Capital to the crypto brokerage Genesis Global Trading. The latter subsidiary is a key player in the crypto industry, acting as an important counterpart for many of the largest crypto firms.
The news was reported by Bloomberg on Tuesday, with the article citing people “familiar with the matter.”
The report also cited a letter by Digital Currency Group CEO Barry Silbert to shareholders, where Silbert revealed that DCG owes $575m to Genesis, with payment due in May of 2023.
The letter further described a so-called promissory note owed by Genesis to DCG worth $1.1bn, which will come due in June 2032. The loan was reportedly set up when DCG assumed some of Genesis’ liabilities following the collapse of crypto hedge fund Three Arrows Capital in early July this year.
Media reports at the time indicated that Genesis had exposure to Three Arrows Capital and the troubled crypto lender Babel Finance worth “hundreds of millions” of dollars.
Genesis Global Capital suspended redemptions for clients on November 16, sending shockwaves through the industry and markets.
Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG).
The outstanding loans on Genesis’ balance sheet also consisted of intercompany loans, such as one from lending subsidiary Genesis Global Capital to the crypto brokerage Genesis Global Trading. The latter subsidiary is a key player in the crypto industry, acting as an important counterpart for many of the largest crypto firms.
The news was reported by Bloomberg on Tuesday, with the article citing people “familiar with the matter.”
The report also cited a letter by Digital Currency Group CEO Barry Silbert to shareholders, where Silbert revealed that DCG owes $575m to Genesis, with payment due in May of 2023.
The letter further described a so-called promissory note owed by Genesis to DCG worth $1.1bn, which will come due in June 2032. The loan was reportedly set up when DCG assumed some of Genesis’ liabilities following the collapse of crypto hedge fund Three Arrows Capital in early July this year.
Media reports at the time indicated that Genesis had exposure to Three Arrows Capital and the troubled crypto lender Babel Finance worth “hundreds of millions” of dollars.
Genesis Global Capital suspended redemptions for clients on November 16, sending shockwaves through the industry and markets.
