On the other hand, DePIN is an innovative approach to computing that leverages decentralized networks to enhance connectivity and distribute processing power. The convergence of these two technologies brings about a decentralized ecosystem where inclusivity, accessibility, and creativity thrive. 

At the heart of this revolutionary paradigm shift lies WELL3, whose aim is to integrate wellness tracking with rewards by combining DePIN and AI. Supported by the transparent and decentralized qualities of the blockchain, WELL3 also wants to create an engaging crypto community around health and fitness goals. 

This article will explore WELL3 and its objectives within the crypto industry, milestones/achievements, and an overview of their $WELL token. 

What Does WELL3 Do?

WELL3 — a pioneering force reshaping health and wellness through a Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and integrated AI systems. With over 1 million pre-registered users eagerly anticipating its launch, WELL3’s mission is to enhance well-being through secure, data-empowered health journeys. 

By leveraging DePIN, blockchain, and AI analytics, WELL3 ensures a personalized user experience that is securely authenticated while fostering a community where millions unite in their pursuit of well-being. 

Image from WELL3

This approach allows users to elevate data ownership and security standards, seamlessly blending AI insights to tailor wellness solutions that align with their vision of a secure and health-conscious future.

Key Milestones and Achievements

The WELL3 community is vibrant and expansive across many platforms. With their help, WELL3 has achieved numerous record-breaking achievements, and they include: 

Public Sale

In just seven days, the WELL3 public sale registered a total value locked (TVL) of 15,237.2 ETH or $55M USD. Moreover, over $8 Million was raised through seed rounds and NFT sales.

Image from WELL3

WELL ID

WELL3 announced the launch of WELL3 Ring – a pioneering wearable that converts personal wellness metrics into on-chain data. Immediately after the announcement, over 900,000 users signed up for its corresponding NFT Ring whitelist within the WELL3 ecosystem.

WELL3 Transactions and NFT Project

Since its launch, WELL3 has quickly risen to become one of the top six projects on the opBNB chain, boasting over 324,000 owners and the creation of 8 million NFTs by April 27, 2024.

Key Partnerships

Since developing this crypto project, WELL3 has established partnerships with leading entities, including Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.

Multichain

In pursuit of interoperability and a seamless user experience across multichains, WELL3 has formed a strategic alliance with leading chains. These include Polygon, Solana, Base, Ton, Avalanche, Arbitrum, BNB Chain, Sei, Algorand, Blast, and Telos. Moreover, the collaboration ensures that users benefit from a multichain and scalable ecosystem, enhancing the overall functionality and reach of WELL3’s offerings.

Key Features of WELL3

Image from WELL3

As a leading transformative force in health data management under the DePIN framework, WELL3 has a wide range of features, including: 

Data decentralization 

Health data is securely processed within the DePIN system. This process within Trusted Executive Environments (TEE) powered by Amazon Web Services (AWS) ensures user data remains private and secured.

Rewarding Wearables for Enhanced Wellness

WELL3 introduces an innovative line of wearables, starting with a smart ring equipped with state-of-the-art sensors and algorithms that provide a comprehensive view of an individual’s health. Furthermore, users can earn $WELL tokens through active participation and consenting to share their anonymized health data. 

This token-based ecosystem not only boosts user

engagement by rewarding healthy behaviors and data sharing but also ensures that users have a stake in the governance. Subsequently, it guarantees that users actively participate in the ongoing development of the platform.

Complete Ownership Over Personal Data 

By leveraging WELL3’s DePIN and DID technologies, users not only have complete ownership over their personal information and data but are also safeguarded against unauthorized access, data breaches, and fraud.

Multichain 

WELL3’s multi-chain framework spans multiple blockchain platforms, including Bitcoin, Ethereum, Polygon, Solana, Blast, and TON. This broad horizontal coverage allows WELL3 to leverage the strengths of various networks. Moreover, it ensures that users can interact with the WELL3 ecosystem across multiple platforms without barriers, facilitating a seamless and integrated user experience. 

Additionally, this approach can significantly reduce transaction costs by allowing WELL3 to choose the most efficient blockchain for specific actions.

Interoperability Across Ecosystems

Designed to seamlessly integrate across various platforms and services, WELL ID eliminates the hassle of multiple passwords and redundant verification processes. Whether it’s accessing health services, participating in wellness programs, or engaging with partner ecosystems, WELL ID provides a unified identity solution. Indeed, this solution simplifies digital interactions while enhancing security.

What Is $WELL Token? And What Does It Do?

The WELL token acts as both a utility and governance token within the WELL3 Network. Moreover, it embodies the core principles of Wellness, Health, and Governance. It powers a dynamic network of health ecosystem partners and their users, functioning seamlessly across all Layer 1 (L1) and Layer 2 (L2) chains.

More specifically, the $WELL token has many use cases within the WELL3 ecosystem, such as identity creation, purchases, and rewards. 

First, the $WELL token supports the WELL3 Ecosystem as DePin Ecosystem Rewards, health data sharing, and activity-based incentives. Secondly, it also serves as a reward for contributing to the WELL3’s decentralized network.

Also, the $WELL token is utilized in Identity creation, management, and KYC-as-a-service via DID. Moreover, it functions as a currency for both digital and physical purchases in the WELL3 Ecosystem.

Distribution of the $WELL token is as follows:

Image from WELL3 

It has a maximum supply of 42,000,000,000, while around 71% of tokens will go to community initiatives. Going into more detail, around 32.5% of the allocation will go to the ecosystem, with 23% TGE and daily linear unlock for 24 months. 20% goes to the $WELL airdrop with a 15% TGE. As for the rest, 12.5% goes to the team and contributors, while 10% is for public sale with 20% TGE.

Conclusion

WELL3 is a crypto project with the objective of doing many things in an innovative manner by creating a convergence between AI and DePIN. Besides this, it aims to create a crypto community of individuals who value health, innovation, and prosperity. 

Within a short period of its establishment, WELL3 has been able to reach a lot of milestones, such as the minting of over 8 million NFTs within its ecosystem and the procession of over $17 million in transactions. 

Furthermore, the $WELL token will serve important purposes within this crypto project. While primarily functioning as a governance mechanism within WELL3, the $WELL token will also help in sharing rewards and incentives, identity creation, and purchases. 

WELL3 is an exciting crypto project that sets out to create a series of innovative solutions that bridge health and finance. 

Links: 

Website | X | Discord 

The post How WELL3 Is Revolutionizing Health With AI, Depin, and Crypto Rewards appeared first on BeInCrypto.

SocialFi or Social Finance is here to change that by blending the power of web3 and its’ promise of decentralization, it gives users a more robust social media network where their data and privacy are secure. SocialFi gives total control to users as there is no central authority running the network since the system is run entirely by decentralized nodes. 

Among several SocialFi projects out there, UXLINK is at the forefront by leading the way in socialized web3 interactions.

What is UXLINK?

UXLINK is a leading user-driven web3 social platform that aims for the mass adoption of SocialFi. Its entire infrastructure is built on Telegram and it mainly focuses on “acquaintance social network,” giving users the power to build a real-world acquaintance social relationship map. “UXLINK strikes a delicate balance at the intersection of fundamental social principles and core Web3 concepts,” said Yinghao from SevenX Ventures.

This approach is different from UXLINK’s competitors like Friend.Tech and Farcaster, both of which are also renowned SocialFi projects. To boost user-friendliness, UXLINK features a wide range of decentralized applications, all of which are seamlessly incorporated with Telegram. 

Furthermore, UXLINK leverages Telegram’s authentic social data, allowing community mods to access multiple management service tools. With the power of UXLINK’s comprehensive suite of community tools, users can access to most diverse business scenarios that are present within the blockchain realm, ultimately enhancing their collaboration and engagement. 

Since UXLINK delivers an efficient, secure, and flexible decentralized social product that is tailored specifically for the Web3 community, it has successfully attracted over 9 million Externally Owned Accounts (EOAs). This number is almost 10 times that of UXLINK’s competitors including Friend.Tech and about 30 times that of Farcaster. 

Currently, UXLINK has a user base of over 5.7 million registered users with over 1 million daily active users (DAUs) on different decentralized applications. Furthermore, UXLINK has over 300,000 on-chain daily active users (DAUs). 

UXLINKs first-season airdrop is also in progress which aims to target the top 10% of users and will surpass a scale of 550,000. 

Learn more about UXLINK here

Web3 Powered Groups

UXLINK is the world’s largest social platform based on web3 groups as it has over 100,000 groups, spanning over 7 million users. UXLINK can bring high user growth by utilizing the RWS protocol and the Link to Earn trust mechanism. 

These groups can connect with numerous web3 applications through GWallet, which is the chain wallet of groups on UXLINK. By doing so, users can interact with decentralized applications as a group, which ultimately enriches the entire interaction roles of the web3 ecosystem. 

On the other hand, GGraph, which is the chain graph of groups, is a social graph that is constructed entirely based on group relationships, which helps to provide an accessible database for group-based application scenarios. 

At its core, the purpose of the groups is to act as a disruptive form of traffic organization and help users get access to trusted scenarios, timely interactions, and free customer service. 

Product Design of UXLINK

UXLINK is dedicated to leading an integrated social ecosystem that is aimed at channeling web3 traffic, social trading, and infrastructure. The Product architecture diagram of UXLINK is as follows:

The UXLINK’s product ecosystem is structured into three distinct layers:

These layers are: 

1. Application Layer 

The Application layer encompasses UX Discover and Social DEX, helping users to discover, participate, and invest in different group contexts. This layer also empowers third-party developers, giving them the power to build applications that are tailored to user needs. 

2. Protocol Layer 

The protocol layer grants users true ownership of their social connections and data. Developers have the power to leverage these protocols as they can deliver personalized user experiences that include AI-drive algorithms, recommendations, and group formations. 

3. Social Liquidity Layer

While this layer is not operational yet, however, it aims to establish a user-centric infrastructure that tokenizes social relationships and data assets. The layer will help to facilitate seamless transfer across various public chains and decentralized applications securely. 

At their core, with both the Protocol and Social Liquidity Layer, developers gain access to build robust infrastructure, which ultimately gives room to build innovation and improve user engagement. 

Trusted Network & Social Relationships

When it comes to environments that are focused on assets and financial activities, it is vital to have trust within the social networks. 

This is because trust instills a sense of security that helps to foster ongoing user engagement, which ultimately helps to cultivate an innate “confidence” within familiar networks. As a result, users develop a strong loyalty to UXLINK as time progresses. 

Another key area in which UXLINK stands out is its architecture which is ingeniously designed to harness the power of genuine socialization. Allowing UXLINK to essentially function as a sophisticated data production machine. 

UXLINK achieves this with the help of mining and migrating authentic social relationships which helps it to generate various types of data. This data ranges from basic acquaintance connections to more intricate associations including person-group, person-network, person-project, and person-asset relationships. 

UXLINK Connector

UXLINK also serves as a super-connector where it acts as a central hub between two interconnected closed loops. There are two types of closed loops including:

1. Smaller Closed Loops

UXLINK effectively links users, products, and developers through its product stack. This addresses the core needs of users and developers, and also fosters a robust user-product community. 

2. Broader Closed Loops

The broader close loop includes infrastructure, traffic, and applications. It has a three-layer structure of Layer/Chain-Protocol-Dapp/Application that is coupled with an underlying trust network. UXLINK has the power to seamlessly bridge the gap between two primary factions of Web3 that include infrastructure and applications through the help of traffic. 

Learn more about UXLINK here

UXLINK Developer Team

A major part of the reason behind UXLINK’s success is its S-tier or Special-tier founder who successfully leads an S-tier team. 

Both the founder and the team have years of entrepreneurial experience in the tech industry, giving them exceptional expertise in product R&D, growth strategies, operations, and fundraising. 

The team has already managed social products that have over a hundred million users and showed their iterative capabilities when they fully embraced web3 by grasping concepts, technical frameworks, and web3 economy. Not only that, they further ventured beyond conventional exploration and successfully developed UXLINK. 

At the same time, the team has demonstrated strong execution and resource integration abilities as they delivered products quickly, established multiple partnerships, and executed multiple partnerships. All of this has helped to improve their entrepreneurial and business capabilities.

It’s no wonder because of the team and founder’s exceptional capabilities, UXLINK received funding from several crypto Venture Capitalists (VCs) including OKX Ventures and Matrixport Ventures. The cumulative financing amounted to $9 million. 

In March 2024, UXLINK announced receiving a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital. The financing amounted to a total of $5 million and proves the growing trust VCs have in UXLINK. 

None of this would have been possible without the core principles of UXLINK which include openness, modularity, and convenience. 

UXLINK: Helping Authentic Socialization

UXLINK understands the importance of genuine social connections and experiences, therefore it aims to mirror those real-life social dynamics. 

UXLINK achieves this by emphasizing bilateral relationships that are characterized by communication, collaboration, and cooperation which are contrary to one-sided interactions that are common on social media. 

Trust is established through direct or indirect endorsements. The interpersonal connections then naturally evolve from one-on-one interactions to groups, which helps to foster multidimensional interactions and network effects. 

Furthermore, the purpose of UXLINK is to effectively address what defines a successful social product and what does not. There are two ways through which UXLINK addresses, including digitizing real-world social interactions that help to create unique online experiences. 

The other approach includes the creation of entirely new social scenarios such as matchmaking and puzzle-solving. UXLINK encompasses both these strategies, thereby being able to provide a comprehensive range of scenarios that are effectively tailored for web3. 

Future of UXLINK

It is without a doubt that social networks benefit from having a higher user base because the more users a network has, the more valuable it becomes for all parties involved. 

However, for this to happen, UXLINK has to reach a certain point which it is actively trying to do so by collaborating with top industry projects. UXLINK is also using rigorous selection methods that help it select high-quality users that will help to improve engagement. 

In the end, this will help to improve the project’s reputation and credibility among not only users but also the stakeholders, essentially proving its brand power. Considering this, it is likely that UXLINK will be worth more than $200 in the coming years. 

Final Thoughts

Overall, with the evolution of web3 and the emergence of SocialFi, UXLINK has a lot to offer to the community with its unique perspective and clever architecture that helps to import web2 traffic into web3. As UXLINK’s ecosystem uses a unique ecosystem of DeFi, NFT, and GameFi, this builds a unique and innovative social infrastructure for users. 

Since UXLINK integrated products, users, and developers all in one place, it goes to show that in the coming years, its demand will only increase by attracting a huge range of users!

Links: Telegram | Twitter

The post How UXLINK Is Transforming Social Networks With Blockchain Technology appeared first on BeInCrypto.

BNB Chain is making this integration a reality by providing a robust platform that easily integrates blockchain and AI.

What is BNB Chain?

BNB Chain was founded in 2019. It is a decentralized blockchain ecosystem that has a major focus on Web3 economy, services, and infrastructure. To make this ecosystem a reality, BNB Chain provides multiple advanced tools and features to developers, allowing them to build decentralized projects. 

These decentralized projects include decentralized finance (DeFi), and decentralized applications (DApps), among several other small and large-scale decentralized projects. 

It comprises BNB Smart Chain (BSC), a secure DeFi hub with the lowest gas fees of any EVM-compatible L1 and serves as the ecosystem’s governance chain and opBNB, a scalability L2 that delivers high performance of 5-10,000 Transactions Per Second (TPS). 

It also includes BNB Greenfield, which meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. These chains are not separated but are interconnected, providing a unified “One BNB” solution that meets all decentralized computing and storage needs in one holistic solution.

The BNB Beacon Chain, initially designed as a staking and governance layer, serves to complement the BNB Smart Chain (BSC) by enhancing security and supporting decentralized exchanges (DEXs). 

However, with the evolution of BSC and changes in the blockchain landscape, including the decommissioning of order-book-based DEXs in BEP151, the BNB Beacon Chain has become increasingly redundant. 

As a result, the BNB Chain Fusion is a strategic shift to migrate the BNB Beacon Chain’s functionalities to the BNB Smart Chain (BSC) and retire the BNB Beacon Chain. This move aims to streamline the network, improve efficiency, reduce security risks, and align BNB Chain’s architecture with the current technological demands and future growth.

Multi-Chain Architecture of BNB

BNB Chain’s robust infrastructure and multi-chain architecture comprises three different chains known as BNB Smart Chain or BSC, opBNB, and BNB Greenfield. 

1. BNB Smart Chain (BSC) 

BSC is a layer-1 platform that offers developers a robust EVM compatibility layer, giving them easy access to DApps, DeFi services, multi-chain support, and access to other Web3 applications. BSC runs on a proof-of-stake authority mechanism, giving more speed, reducing costs, and enhancing high-scale transactions. 

In fact, despite offering 5K+ Transactions Per Second (TPS), BSC also offers the lowest gas fees of any Layer 1 platform, which on average costs about $0.03. 

2. opBNB

opBNB is a layer-2 scaling solution that leverages the Optimism OP Stack which helps to enhance the BNB Smart Chain’s performance. It provides an extremely high throughput of around 5K to 10K+ TPS while also offering low transaction fees, with an average gas fee as low as $0.001. Due to this, opBNB is suitable for high-scale Web3 applications. 

opBNB serves as a layer-2 scaling solution, as it helps to offload transaction processing and resource usage from the BNB Smart Chain. 

Now, Rollup-as-a-Service (RaaS) has been introduced to allow large-scale Dapps to launch custom L2s to further foster development and innovation.

3. BNB Greenfield

BNB Chain further consists of an ecosystem that comprises BNB Greenfield, which is a storage-oriented blockchain, and SPs, which is a decentralized network of storage providers. 

BNB Greenfield is built on Cosmos/Tendermint infrastructure, allowing it to utilize the Tendermint consensus mechanism that helps to ensure network security using a Proof of Stake approach. In BNB Greenfield, the crucial role is achieved by validators who achieve consensus and participate in network governance. 

On the other hand, the SPs are infrastructures that are provided by organizations or individuals who are responsible for responding to user requests, and who ask to upload and download data. SPs also act as gatekeepers to ensure user rights and authentications. Users submit their data storage requests and Greenfield & SPs are responsible for sending the data off-chain. 

BNB Greenfield has a proof-of-challenge verification mechanism that ensures the integrity of their stored data. 

In the end, combining these three chains provides a cohesive solution known as “One BNB,” giving unique features to developers that they can use to further enhance their applications. These features are what allow developers to gain access to much-needed computing and storage access, which ultimately gives them the power to build Web3 applications with ease. 

Importance of building AI through BNB Chain

Building AI-led systems through the help of BNB Chain comes with several key advantages that include enhanced data storage and processing capabilities for more security and flexibility of AI systems. 

What sets BNB Chain apart is: 

• Strong Community 

BNB Chain has a diverse AI landscape with a thriving community spanning multiple categories. It hosts an array of projects that are not only pushing the boundaries of technology but are also transforming industries with their unique capabilities. 

These include applications such as content generation, chatbots, AI agents, and data management and processing, including decentralized DB, data labeling, and data marketplace. In addition, its ecosystem includes infrastructure and services that encompass storage, intelligence market, and computing, as well as ZKML infrastructure and developers. 

As BNB Chain has successfully established itself as a place for AI developers to build different products, this has led to the creation of a strong community, which is vital for the successful development and launch of any system.

• Computation Execution

In the BNB Chain, the computation-related work is centered on execution, which is efficiently managed by BSC in conjunction with opBNB. 

• Algorithm 

In addition to algorithm execution, the algorithm-related work necessitates both the data and model access. These requirements, which are vital for AI products, can be seamlessly handled by the BNB Chain ecosystem. 

• Incentive Programs 

BNB Chain also offers different incentive programs to AI developers that help them accelerate their projects and even win a handsome monetary reward. These programs on the BNB Chain include the TVL/DAU incentive program, the MVB program, and grants included in its suite of builder support programs.

BNB Chain also holds hackathons on a quarterly and yearly basis, which is vital to ensure the system’s safety against bad actors. 

• Data storage and ownership 

As big data is vital for the success of any AI model, BNB Chain offers data-related work that is primarily focused on its storage and ownership which can be handled by both BSC and BNB Greenfield. This gives uninterrupted access to data to different AI developers. 

Overall, BNB Chain benefits the entire AI ecosystem as it offers a strong platform for AI application development with BSC’s high throughput and low transaction costs. With opBNB’s fast processing for real-time AI responsiveness and through the help of BNB Greenfield’s secure data storage. 

This integration helps to reduce operational costs and supports further scalability through the help of dynamic AI solutions. With this, users gain access to high-performing, versatile, and responsive AI applications which they can access through low fees and quick processing time. Users also have the guarantee that their data is secure, as BNB Greenfield enhances trust and user privacy. 

AI Projects being built on BNB Chain

In Q4 of 2023, BNB Chain started to support AI projects and it has now grown to become one of the most diverse AI blockchains where the projects building in its ecosystem are making a real-world impact.

Several AI projects that have been developed on BNB Chain have attracted a significant amount of investment and increased BNB Chain’s recognition in the blockchain community.  

Other than this, the BNB Chain AI landscape includes applications in different categories such as storage, computing, data labeling, intelligence market, content generation, AI agent, chatbot, data labeling, and data marketplace. Some of the notable AI projects built on BNB Chain include:

AI Agents: Empowering Intelligent Interactions

• MyShell: With a robust daily active user (DAU) base of 53K, MyShell is redefining user interactions by leveraging AI to provide intuitive and responsive virtual assistants on the opBNB network.
• ChainGPT: Operating across BSC and opBNB, ChainGPT is an AI-driven solution that delivers intelligent insights and automated responses, enhancing the efficiency and effectiveness of blockchain operations.

Content Generation: Fueling Creativity

• NFPrompt: Live on opBNB, NFPrompt harnesses AI to generate creative content, making it easier for users to create and manage engaging narratives and digital assets.
• StoryChain: Currently in the testnet phase, StoryChain is an innovative platform that leverages AI to craft immersive and interactive stories, pushing the boundaries of digital storytelling.

Bots: Enhancing User Experience

• Web3Go: This AI-powered bot, live on BSC, provides users with seamless and intelligent interaction capabilities, enhancing the overall user experience with its responsive and adaptive AI technology.

Data Management and Processing: Ensuring Data Integrity and Accessibility

• Glacier.io: Operating on the Greenfield network with a DAU of 5K, Glacier.io offers decentralized data storage solutions that ensure security, integrity, and accessibility of data.
• Web3Go xData: This data labeling service on opBNB utilizes AI to streamline and automate data processing, making data management more efficient and reliable.

Infura & Service: Powering Infrastructure with AI

• NetMind: A computing powerhouse live on BSC, NetMind leverages AI to optimize computational resources, ensuring efficient and scalable operations for various applications.
• Aggregata: Live on Greenfield, Aggregata uses AI to analyze and interpret vast amounts of data, providing valuable insights and intelligence for market analysis and decision-making.

Developers: Nurturing Innovation

• Aspecta: Currently in incubation, Aspecta is set to revolutionize developer tools and resources, empowering developers to create more advanced and efficient AI applications.
• CodexField: Live on Greenfield, CodexField provides developers with the tools they need to build and deploy innovative AI solutions, fostering a vibrant ecosystem of technological advancement.

zkML: Advancing AI with Zero-Knowledge Proofs

• zkPass: With a DAU of 6K, zkPass is a groundbreaking project live on BSC, utilizing zero-knowledge proofs to enhance the privacy and security of AI models.
• BAS: Live across BSC, opBNB, and Greenfield, BAS integrates zkML infrastructure to provide secure and scalable AI solutions, setting a new standard for privacy and performance in the AI domain.

The projects on BNB Chain are not just about technological advancements; they are about creating real-world impact. From enhancing user interactions and generating creative content to ensuring data integrity and optimizing computational resources, these projects are redefining what’s possible with AI and blockchain technology. 

These projects have thousands of daily active users and more are joining daily. Some of the projects have also been listed on Centralized Exchanges (CEXs) that are also helping to grow their user base. Due to their utility and efficiency, some of the projects have successfully attracted VC funding. 

Difference between BNB Chain and Ethereum for AI Development

Even though BNB Chain is younger than some of its competitors, it stands out as an ideal place for AI projects due to the following reasons: 

Consensus Mechanism

BNB Chain utilizes a hybrid mechanism known as Proof-of-Staked-Authority (PoSA), which allows BNB Chain to have a limited number of validators that stand to over 41 Validators. Whereas Ethereum has over 70k validators. Having fewer validators shortens block times and also lowers transaction costs. 

Scalability

Another issue with the Ethereum network is that of scalability because the network gets congested when the number of users grows. At the moment, Ethereum can only handle under 70 TPS. On the other hand, BSC can handle 5k+ TPS and opBNB can handle up to 10k TPS. 

Speed

With the power of its PoSA consensus mechanism, BNB Chain takes over 3 seconds to verify a transaction, as the verification process is simplified and straightforward. On the other hand, Ethereum takes about 12 to 15 seconds to verify a transaction. 

Conclusion

As both AI and Web3 are developing further, this gives room for new groundbreaking innovations that will potentially redefine the internet’s future and will give users the ability to interact more fairly. 

BNB Chain, with its multi-chain approach, gives developers one place for all of their AI application development needs. With its remarkable evolution since its inception, the BNB Chain ecosystem now includes thousands of services, products, and other decentralized organizations that are ideal for the development of AI applications. 

It’s no wonder BNB Chain stands as a powerful force in the Web3 world as it offers developers, enterprises, and users a strong platform. 

Links:

X | Discord | Telegram

Frequently Asked Questions

The post BNB Chain’s Thriving AI Landscape and Infrastructure: An Overview appeared first on BeInCrypto.

In fact, traders do not have to spend hours analyzing the market, following the news, and then basing their trading decisions, which can either be manipulated by intuition or by greed. All of the trading work is done by AI, which is more efficient, learns from its mistakes, and removes all sorts of human emotions. 

However, since it is extremely difficult to train an AI model let alone build it from scratch, therefore it’s no wonder most of the complex tools are only available to a handful of institutional traders.  

AlgosOne is here to change that for good! It is an innovative AI-powered trading system that enables users to automate their crypto trades using AI, thereby increasing the success ratio of their trades. 

As the mission of AlgosOne is to democratize trading by giving users access to one of the most complex AI trading tools, it welcomes traders of all sorts of experiences. 

AlgosOne is also designed to handle different trading markets, making it a one-stop solution for all your trading goals. AlgosOne can make successful trades in the crypto market and the forex, stocks, indices, and commodities market. 

What Sets AlgosOne Apart?

One of the key reasons that sets AlgosOne apart from other AI trading tools is that it utilizes a wide range of cutting-edge AI-powered technologies that are not just complex but extremely sophisticated. These technologies include: 

1. Natural Language Processing

Natural Language Processing, or NLP, gives AlgosOne the power to comprehend multiple human languages in news articles, business reports, social media sentiment, and other information that may impact an asset’s price. NLP allows AlgosOne to identify market triggers and assess investor sentiment in real-time. 

2. Machine Learning 

Machine Learning, or ML, powers AlgosOne to analyze a massive volume of price actions, and business and financial data. This helps AlgosOne spot different market opportunities by recognizing patterns and trends. All of which is later utilized by AlgosOne’s trading bot to make successful trades. 

ML also allows AlgosOne to learn from its own mistakes and ensures it does not repeat them. 

3. Deep Learning

Deep Learning, also known as DL, is another sophisticated technology that AlgosOne utilizes. DL uses complex neural networks that generally mimic the human brain and then extracts meaningful information from them, which can be later used to execute successful trades. This data can be any online published unstructured data like texts, reports, audio, and images. 

The only thing that matters to AlgosOne is how it can utilize such vast data to make successful trades. 

4. Predictive Analytics

AlgosOne also uses predictive analytics such as deep learning, machine learning, data mining, and statistical modeling. This helps AlgosOne to become better at day trading as it can forecast future price movements and market volatility by understanding the current trends and evaluating historical data. 

In addition to all these different technologies, AlgosOne understands the importance of being a licensed financial service, as it is committed to the highest standards of integrity and transparency. This is a reason why AlgosOne is legal tender and abides by all European Union (EU) anti-money laundering laws. 

By doing so, AlgosOne is ensuring all of its users’ funds are secure, and its books are clean, making it an extremely safe platform for users to execute successful trades. 

Trading Performance and Analytics

AlgosOne has an exceptional trading performance despite being relatively new to the market, as it has already achieved a trade success ratio of more than 80%. This is a remarkable feat of its own, considering AlgosOne is utilizing only 15 years old trading data about cryptocurrencies and yet can execute profitable trades. 

The annual profit of the first trading tier of AlgosOne is 15 to 25% per year. As the user moves to a higher trading tier based on their deposit amount, the number of auto-approved and 1-click trades per day increases, and so does the annual profit. It can rise to over a whopping 150% on the topmost trading tier. 

How Does AlgosOne Utilize AI in Trading?

While it’s easier to trade when the markets are bullish, however, the real challenge comes when the markets are bearish and the prices are in a downturn. This is where AlgosOne utilizes the sophisticated tools of AI-powered technologies that it runs on. 

One of the key areas where AlgosOne utilizes its AI is while monitoring the market in real-time. This is extremely important, especially when it comes to trading cryptocurrencies, as they are highly sensitive to market volatility.  

AlgosOne’s AI is trained on large datasets of historical and real-time market data, including price movements, trading volumes, and on-chain statistics. Therefore, it can successfully extract important information which gives it the ability to find opportunities even if the market is turning towards a downturn. 

Not only that, the purpose of AlgosOne’s AI does not end at executing successful trades regardless of the market trend but also learning from its mistakes. While the ratio of unsuccessful trades is far less than the successful ones, it is important to note that mistakes do happen which result in unsuccessful trades. 

Another area in which AlgosOne utilizes its sophisticated AI is through risk management because the bot bases trading decisions purely on market sentiment and analysis. This helps remove greed rather than any sentiments that may hamper the trader’s ability to make proper decisions. As a result, the user’s funds are safeguarded from any emotions. 

In addition, AlgosOne’s risk management strategy also includes investing a user’s asset in the markets across the board. This secures the user’s funds from any unforeseen circumstances where the price of the entire market may be influenced. Investing your capital in different areas like stocks, indices, forex, and commodities ensures steady growth. 

Without the help of AI, it is nearly impossible for a trader to have such a diverse risk management strategy that not only secures their assets but also helps them to grow even when the market is down. 

User Experience: Navigating AlgosOne

As AlgosOne welcomes novice traders, its’ user experience is designed in such a manner that ensures that the platform is easy to navigate around. This is why a user’s journey from signing up to making their first successful trade can happen in around just 5 minutes. 

The great thing about this entire process is that you only need $300 to get started, and since AlgosOne welcomes users from around the globe, it offers different payment methods to charge the account. These payment methods include direct deposit from the bank, using popular cryptocurrencies, and converting cryptocurrencies to US dollars. 

Upon signup, the main language will be English, but users can change that into one of the five other languages, which includes Italian, French, German, Turkish, and Spanish. Again, this is another important feature that enhances the platform’s user-friendliness. 

AlgosOne Main Dashboard

The main dashboard of AlgosOne showcases your trading balance and your main checking account balance. It also showcases the current amount in AlgosOne’s reserve fund which is a fund that is dedicated to acting as collateral in case things go sideways. Users can also view the latest trades AlgosOne is executing in real-time. 

Trading Risk Profile

Before executing a trade, users have to select their risk settings on the trading operations tab. 

AlgosOne offers two types of risk settings. The first one is Low Risk, in which traders benefit from a higher success rate with minimized risk, making it an ideal setting for traders with a low-risk threshold. However, the returns on this setting are also low. 

The second setting includes Standard Risk, in which traders are exposed to a higher risk of unsuccessful trades, increasing their chance of earning greater rewards. In this setting, positions are opened for a longer duration of time, giving traders a sizable return on their trades.

AlgosOne Trading Tiers

When it comes to the amount a trader can earn on their investment, it depends on what trading tier they are on, as AlgosOne places a trader on a certain tier depending upon the size of their deposit. AlgosOne has 10 different trading tiers, each offering a particular number of daily trades, commission fees, compensation, and total profit per annum. 

By having different trading tiers, AlgosOne can divide the trading burden and welcome users that have a different size of trading investment capital. The first trading tier starts from as low as $300 and has a return per annum of up to 50% on a high-yield plan and a return of 10-15% on a standard plan. This profit increases to about 150% when a trader is placed on the topmost trading tier. 

In AlgosOne, your trading tier defines how much the commission fees you will have to pay and how many trades you can execute per day. 

Types of Trades

There are three types of trades that AlgosOne offers: 

• The first includes auto-approved trades in which AlgosOne picks the assets based on your investment goals, the size of the position, and the trade direction. It then approves the trade itself.  
• The second includes 1-click approved trades where AlgosOne determines your trade direction and executes it only after the user’s approval.   
• The third includes trading bank trades in which users can click “trade now” based on sufficient trading credits whenever they feel like the best time for AlgosOne to make their trade. In this type of trade, users do not have to wait for any signal. Rather, they make their signal.

It is worth noting that all of the trading types yield successful results, and it depends on the user’s deposit amount and investment goals on which ones to utilize. 

Trading Operations Tab

The trading operations tab gives traders an overview of which trade is currently being executed. The trading calculator is where their profit margin will be displayed. Users can also view the current amount of their locked deposits. 

Savings Account

AlgosOne also offers a savings account that works similarly to the regular accounts but with much higher yields and annual profits. Money deposited in the AlgosOne savings account will be traded automatically, allowing users to reap the profits without worrying about approving different trading signals. 

The plan duration for a savings account is about 12 months longer than the regular accounts, during which the profits gained will be automatically compounded for even higher profits during the withdrawal period. While the savings account is a new addition, however, they are expected to generate a 3x profit than a regular savings account does. 

AlgosOne Token

AlgosOne is also about to launch its native token, allowing users to own a piece of AlgosOne AI. The token will act as a utility token, allowing users to earn dividends from their trade profits, vote on different issues & key areas of AlgosOne, and multiple other incentives. 

The dividend amount and time will be visible on the platform as AlgosOne will pay a fixed amount of dividend per share. The dividend will be paid out either monthly or quarterly, and its yield will vary.  

The number of tokens will be limited and will be allocated only through pre-sales, 3 different rounds, and a private round. The price of the AlgosOne token will be low during the first sales and will gradually increase during each selling stage. For example, the pre-sale token will be $0.00001, and the next stage might be $0.00004. The amount of the token is limited to 500 million. 

Depending upon the demand, not all users will be able to get their token allocations and the chances of token allocation will largely depend on the trading tier they are based on. The higher their trading tier, the higher the chances of them getting allocated to own certain amounts of AlgosOne tokens. 

Once all the selling stages are done with the AlgosOne token, AlgosOne will infuse at least $100 million into its sale. 

AlgosOne’s Asset Diversity and Trading Opportunities

With the power of its cutting-edge AI, AlgosOne can sweep through economy-wide macro and micro data, giving it the ability to execute successful trades in different assets like FIAT currencies, indices, bonds, stocks, and forex. 

Having such an ability gives AlgosOne more room to execute potentially profitable trades as its predictive modeling can understand where the market is moving towards and thus, new opportunities will arise. Asset diversity is one of the reasons that allows AlgosOne to form new trading strategies and experiment with which works best for the platform. 

At the end of the day, this opens new doors for crypto investors to not only find new opportunities to grow their capital but also to safeguard themselves from market volatility. 

Security and Trust: Safeguarding User Investments

To remain amongst the most trustable and transparent AI-powered trading platforms, AlgosOne has an entire AlgosOne Reserve Fund to secure users. This comes as an additional layer apart from the EU licensing and Anti-Money Laundering laws. 

AlgosOne Reserve Funds plays a critical role in securing the entire platform and its users. The platform owners know that anything can go wrong that can put the user’s funds in danger. The risk can come from either a technical glitch, unexpected market volatility, or a cyber attack that can put a temporary halt on the entire platform. 

To safeguard everyone from the worst-case scenario, the AlgosOne Reserve Fund is there, which is collected from the profitable trades that the bot makes. Half of the profit goes to the AlgosOne Reserve Fund, whereas the other half goes to the customer support of AlgosOne, another measure to safeguard users. 

This is because AlgosOne has a 24/7 team of customer support agents who assist users in case an error occurs or if the users have made a mistake. Additionally, some financial professionals continuously monitor the performance of AlgosOne’s trading bot and can enter at any time to assist the bot in case they think it is necessary. 

Pros and Cons of AlgosOne

The pros of AlgosOne are as follows: 

• AlgosOne is EU-authorized and registered, making it a secure and reliable platform. 
• It has an effective risk management strategy, ensuring the diversity and security of user assets. 
• AlgosOne is user-friendly and is designed to welcome traders of all experiences by making the dashboard extremely easy to interact with. 
• Despite being relatively young in the market, AlgosOne has a commendable success ratio of over 80%. 
• It offers no transaction fees and offers compensation on unsuccessful trades. 
• A 24/7 customer support and AlgosOne Reserve Fund are other great additions to AlgosOne’s overall safety protocol. 

Cons of AlgosOne include: 

• On multiple trading tiers, the commission is 20%, which is high. 
• AlgosOne locks users’ funds on its different investment plans. 
• 1-click trades requiring users to open their account and then approve the trade can hinder some during their busy daily lives. 

AlgosOne vs. The Competition

AlgosOne’s main competition includes CryptoHero and third-party AI bots. However, it generally fairs well from its competition, particularly due to its strict security measures and legal status. AlgosOne also has access to a huge amount of data in real-time, allowing it to make more informed and timely decisions in assets across the board. 

This is not the case with the majority of its competitors as most of the AI bots do offer more personalization and flexibility but they can only monitor and analyze data from a limited amount of area. Not having access to more data simply limits the ability and probability of these bots to execute trades successfully and with more confidence. 

Furthermore, as AlgosOne is adding new features to its platform and offering portfolio diversification, it is increasing its utility and giving users a one-stop place for all of their investment needs and requirements. 

Final Thoughts

As traders often find it difficult to keep up with the crypto market, AlgosOne presents one of the best solutions out there by offering a market fit that not only welcomes young traders but democratizes the entire industry. With its cutting-edge AI technology, AlgosOne can give users access to an institutional-grade trading tool, something that has barely existed before. 

Through the help of its upcoming programs and new features, users can make the most of their investment capital and explore different avenues in a secure environment. It’s no wonder that the platform has already shown a success ratio of over 80% and continues to improve itself. 

Links:

Twitter | Telegram | Facebook | Instagram

The post AlgosOne Review: How This AI Platform Is Outperforming Manual Crypto Traders appeared first on BeInCrypto.

More than 50% of the campaign has already been fulfilled. Participating in the campaign involves minting an airdrop voucher, known as the UXLINK NFT, which guarantees an airdrop of the native token $UXLINK, fully unlocked after the TGE (Token Generation Event).

Following community discussions, UXLINK has introduced a limited community sale of three types of Airdrop Voucher NFTs: “MOON,” “TRUST,” and “FRENS,” available on the NFT Marketplace. Each voucher is valued at 25,000, 750 and 50 $UXLINK tokens, respectively, and offers the same benefits as the UXLINK NFTs.

PLUM, a community member from South Korea, remarked, “Many users have expressed that UXUY points are insufficient for redeeming premium NFTs, and they are keen not to miss the PRE-TGE airdrop.The community sale provides them with an excellent opportunity to participate in this significant airdrop program.”

Hector from Turkey is eager about the community sale, stating,  “UXLINK has a substantial user base in Turkey, where people generally hold crypto assets. The launch of the community sale is warmly welcomed by everyone.”

The limited community sale of UXLINK airdrop voucher NFTs is expected to last approximately two weeks, or until stocks are depleted, according to the community manager. Currently the UXLINK project is steadily improving with good cash flow and abundant cash reserves, and all proceeds from the community sales will be used for community construction and ecological development.

About UXLINK

UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based manners.

• Gained over 5 million users, with 1M on-chain/off-chain daily active and 200K on-chain daily active users.
• Organized user traffic and interactions by 100K+ web3-powered groups

UXLINK NFT sale website.

Contact Details: UXLINK Web | UXLINK Twitter | UXLINK Telegram

The post Social Infrastructure UXLINK Launches Limited Community Sale for Airdrop Voucher NFTs appeared first on BeInCrypto.

In fact, due to its innovative concept and utility of non-fungible tokens (NFTs), Fungiball is able to revolutionize the way users interact and engage with tennis while also giving them the ability to earn tangible rewards.

What is Fungiball?

Tennis is a sport that is loved by millions around the globe. However, there has never been a way through which users can win rewards by utilizing the skills of their favorite tennis players in a video game. 

This is where Fungiball comes along, as it brings a unique concept in which users interconnect with the performance of their favorite professional tennis players with the value of NFT cards. 

In simple words, each NFT card on Fungiball represents a particular skill of a professional tennis player. To make it more engaging and real for users, the value of these NFT cards evolves depending upon the real-life tennis players’ performance on the court. 

In the end, on Fungiball, players compete against other players while utilizing the strengths and weaknesses of their favorite tennis player. This helps to build a community of passionate tennis players by making the game more dynamic and engaging. 

The Freedom of Creating Avatars

For players to partake in Fungiball tournaments and unlock numerous rewards, they must first create their game avatar, also known as “FungiPlayers.” 

Players are able to create their own virtual tennis player avatars by collecting digital cards that represent the real-life skills of over 250 male and female professional tennis players. 

What’s groundbreaking about Fungiball is that it has acquired all legal rights to showcase the names, images, and likenesses of all 250 tennis players. This comes after Fungiball formed a collaboration with the Professional Tennis Players Association (PTPA) and Winner Alliance, which is the commercial affiliate. 

To keep things interesting, player cards are divided into four different categories: Power, Service, Return, and Mental. In addition, there are three rarity levels: Silver, Gold, and Platinum. Both of these categories and rarity levels represent unique levels of prowess and desirability in the game. 

Once the avatar is completed, players have the freedom to participate in tournaments which also allows them to unlock different rewards. 

Fungiball offers an impressive lineup of online tournaments, which are often on par with the schedule of international tennis tournaments, as this helps to ensure each NFT linked to its player is evolving with the latest score of the player. 

However, it is worth noting that by missing out on tournaments, players may lose the unique strength that their NFT card may have achieved due to the real-life performance of the tennis player it is linked to. 

Fungiball offers prestigious major events and different types of master tournaments. These tournaments are divided into Challenger, Future, and Junior competitions, giving players a unique opportunity to participate in different types of thrilling tennis encounters. 

Once every tournament concludes, Fungiball players receive different rankings on the platform based on their performance. Additionally, players also receive converted prizes, including a financial reward in Ethereum, NFT cards, and Fungiball exclusive rewards that include tennis equipment, tickets, and much more, as they are tailored per tournament.

Fungiball Marketplace and Trading

The Fungiball Marketplace is a safe avenue for players to buy, sell, and trade NFT cards. Players can also place bids on different NFT cards, and once the bid ends, the highest bidder will get ownership of the particular rare NFT card. 

The Fungiball marketplace is built on the Ethereum blockchain, which is one of the most secure and transparent mediums of exchange in the blockchain industry.

Since the launch of Fungiball Marketplace in December 2023, more than 4200 NFT cards have been sold for a total of €140,000. In addition, more than 2500 people have registered on the platform, showcasing the growing trust of users. 

Overall, the marketplace empowers players by either allowing them to earn income from their avatar or by further enhancing their FungiPlayer avatar. Players can also expand their NFT card collection by making different purchases, ultimately allowing them to sell for a potential profit when the prices seem fit. 

To make it easier for players to remain aware of what’s happening in the marketplace, the Fungiball Trading Dashboard gives access to all necessary information. This includes the NFT cards with the highest sale within a given timeframe, the total number of sales, the average floor price, and a leadership board showcasing the top bidders, market makers, collectors, and whales. 

Utilizing Polygon Blockchain

Apart from the Ethereum blockchain, Fungiball also leverages the Polygon blockchain. As the Polygon blockchain is considered seamless, scalable, and secure, this helps enhance the experience of participants in the auction and other activities on the platform. 

Overall, with the implementation of blockchain technology, Fungiball can guarantee complete transparency, immutability, and traceability of its platform. As a result, players have full ownership and control of their NFT cards. This also helps empower users as they can gain monetary gain from something they are passionate about. 

Conclusion

In conclusion, with the ongoing development and expansion of the platform after gaining legal rights of over 250 professional tennis players, Fungiball players can expect a remarkable gaming experience. 

Not only that but as over 2,500 players have already registered on the platform, which has begun the sale of 4200 NFT Cards, it’s worth noting that Fungiball’s user base is growing. 

It comes as no surprise that Fungiball provides tennis enthusiasts a safe place to play and earn with the power of their favorite professional players, as each NFT card is evolving based on the player’s real-life performance. 

In addition, by leveraging the power of NFTs, Polygon and Ethereum blockchains, and P2E mechanics, Fungiball brings an entirely new era of immersive gameplay and rewards. 

Links: Website | Twitter | Discord | Instagram

The post Serve, Swing, and Earn: Fungiball Revolutionizes Tennis with NFT-Powered P2E Gameplay appeared first on BeInCrypto.

Picture a platform where the high-stakes thrill of trading intersects with the joy of gaming, a universe where beginners and experts alike can navigate the crypto cosmos with both fun and profitability as their compass.

EduTech is not just a buzzword; it’s an expanding industry that’s captivating minds and investment alike. Consider this: in recent years, the global EduTech market valuation has soared, expected to reach $680 billion by 2027. Such staggering statistics speak volumes about the digital transformation of education, setting the perfect stage for Banksters to shine.

Banksters: Bridging Gaming and Crypto Trading

In the traditional sense, trading was always perceived as high on the edge of risk, a sphere reserved for the smart and seasoned. It was a strict world, far removed from the realm of gaming, a universally relatable and accessible activity, filled with fun and friendship.

That is, until Banksters stepped in, blending the logic of trading with the lore of gaming, and transforming the intimidating into something exciting. 

Unique EduTech Proposition of Banksters

At the heart of Banksters is its unique proposition: a smooth combination of intuitive gaming interfaces with advanced trading strategies. It’s a pioneering venture into edutainment within the crypto space, leveraging the engaging quality of games to educate and engage.

Players don’t just sit back and watch the market trends; they ride them, they direct them. Each decision and each move on this Web3 gaming platform represents a strategic challenge, either going against the traditional market or moving according to its direction, with tangible rewards awaiting the victors.

Consider the existing landscape: 21% of traders battle with clunky interfaces and platforms that seem almost designed to instill inconvenience. This friction is disliked to the very essence of trading in the digital age.

This is where Banksters’ sleek, user-friendly interface comes in, which feels less like a tool and more like a game board. It’s an arena where the stress of trading dissolves into the dynamics of competition and camaraderie. Every feature, every interaction, is crafted to gamify the experience — to bring the fun into finance.

Sign up for Banksters here.

A Journey Through Banksters’ Features

Central to its ecosystem is the trio of gamified versions of mining, investment run, and minting that redefine user engagement and interaction within the platform. If you want to check it out yourself, here is a guide on how to play Banksters!

Virtual Mining: Strategy Over Hardware

Mining in Banksters isn’t about deploying high-end hardware to solve cryptographic puzzles. Instead, it’s a strategic game where players allocate their in-game resources to mine $BARS, the game’s native cryptocurrency. 

This virtual mining feature in Banksters simplifies the complexities of real-life resource allocation and investment. It enables players to use soft currency to build their portfolios, a crucial step before participating in Investment Runs. 

By making strategic decisions on where to allocate their digital assets for optimal returns, players experience a risk-reward scenario similar to real cryptocurrency mining.

Investment Run: Riding the Market Rollercoaster

Similarly, the Investment Run is a dynamic gameplay feature that simulates the highs and lows of market investments. Players navigate through turbulent market conditions, drawing on their understanding of economic principles and player-driven market trends to make investments that could potentially lead to substantial in-game gains. 

This introduces a level of economic strategy that is both educational and thrilling as players learn to anticipate and react to market movements within the game. Within these investment runs, Banksters introduces a set of abilities that not only enrich the gaming experience but also mirror real-world trading strategies:

• Swap Position: This ability allows players to change their trade direction from long to short or vice versa in the next round, similar to a “hedging” technique. It’s designed to minimize losses or capitalize on market movements, offering a strategic pivot in gameplay.
• Swap Coin: Players can exchange one virtual coin for another that is performing better, mirroring “asset allocation” or “market timing” strategies. This simulates the strategic decision-making involved in choosing the right assets at the right time
• Elon’s Tweet: This ability is leveraging the influence of news and market sentiment. This underscores the impact of high-profile statements on asset prices.
• Rally: By using this ability, players can capitalize on the momentum of a virtual coin’s upward price movement, simulating the strategy of riding the wave of market trends.
• CZ’s Effect: This ability is designed to reflect the significant market influence of figures like Changpeng Zhao (CZ), the Binance founder. 
• Hype: This ability encourages players to invest in undervalued or unpopular virtual coins, looking to profit from market overreactions.
• Vitalik’s Buzz: Mirrors the market influence of figures like Vitalik Buterin. It’s similar to leveraging high-profile endorsements or developments in the crypto world.
• Pump & Dump: Temporarily boosts the best-performing coin, simulating the volatile nature of “high-frequency trading”. This strategy, while risky, shows the potential for quick gains through speculative trading.
• Market Squeeze: This ability enhances the worst-performing coin. It’s designed for players to capitalize on the potential turnaround of underperforming assets.
• Insider Trade: Offers a significant boost if no other abilities are applied to this coin, hinting at the controversial yet impactful strategy of trading based on non-public information.

The Art of Minting: Currency Creation

Minting, on the other hand, is another interactive feature where players can create new $BARS, the in-game currency, through strategic gameplay. 

In traditional gaming platforms, the in-game currency typically remains unchanged, offering little to no interaction with the game’s economy. However, Banksters revolutionizes this concept through its innovative minting process. 

This feature empowers players to directly influence the in-game economy by expanding the circulation of $BARS, the game’s native cryptocurrency. Unlike static currencies, $BARS dynamically responds to players’ actions, making the economic experience within Banksters both interactive and impactful

NFTs in Banksters and Exciting Airdrop

In the future, Banksters will improve the gaming experience by releasing player avatars that can be customized to represent them in the virtual world. With the ability to equip these avatars with NFTs, Banksters will be able to use them for purposes beyond simple collection. 

Rather, they will represent actual utility and use cases, like enhancing a player’s capabilities in a game or acting as a prominent status symbol among Banksters.

With 32 skills spread across various ranks and eight unique abilities, Banksters intends to provide NFTs with a system where each character offers a distinct advantage on the virtual trading floor. Because every Bankster represents a set of ten randomly selected skills, a variety of gaming experiences are expected.

As part of its launch campaign, Banksters just announced their upcoming Airdrop Contest! The competition will reward the top 1000 Banksters with a Prize Pool of 1,000 NFTs worth $100,000 USDT.

More than a thousand users will receive rewards in Banksters NFTs thanks to the distribution of NFTs, which will include three different rarities: 80 Shark, 290 Investor, and 630 Trader.

In addition to playing Invest Rounds, leveling up avatars, training NFTs through the Banksters Academy, and remaining involved in the community, airdrop participants must register with a working email address. In addition to aiming to win, these efforts also aim to excel by leveraging avatar abilities and strategic predictions.

What’s great is that a stunning five percent of the Banksters project’s tokenomics will go toward airdrops, community development, and rewards. These will be given out in response to gaming activity as well as involvement in challenges, competitions, and contests. 

Sign up for Banksters here.

Conclusion: The Future of EduTech

As we look toward the horizon of EduTech and gaming, Banksters is positioned as a frontrunner in an era where education is not just interactive but also rewarding. Banksters is incentivizing learning and makes complex financial concepts accessible to all. 

The role of Banksters in this rapidly growing future is pivotal; it stands as a bridge between the excitement of gaming and the engagement of trading education. Banksters is not merely riding the wave of the future — it is the wave, reshaping the ecosystem of EduTech and gaming.

Through gamification and a deep understanding of market trends, Banksters is democratizing trading expertise, inviting everyone from novices to seasoned traders to experience the thrill of the market in a controlled, risk-free, and fun environment. 

The blueprint of its roadmap promises a sustained evolution, ensuring that as the digital landscape shifts, Banksters will not just adapt but lead, becoming a crucial tool in the fusion of learning, trading, and gaming.

Links: 

Twitter | Medium | Instagram | Telegram | Discord | YouTube | TikTok

The post Traders’ Gaming Escape: Unwind, Have Fun, and Experience Banksters appeared first on BeInCrypto.

Online wallets are a constant target for hackers, and offline alternatives, while safer, can be difficult to use. Because of this, there is an immediate need for storage solutions that provide both security against theft and cyberattacks and an easy-to-navigate interface. 

If we want more people to use and trust cryptocurrencies, we need to close this gap so people can safely and easily manage their digital wealth. 

Designed to be a one-of-a-kind hardware wallet by CoolBitX, CoolWallet Pro provides a unique approach to crypto cold storage that is unlike before. 

It does this by providing a modern device that stands out for its compact size which can easily fit in a user’s wallet as the card is only 0.8 mm thick and weighs 6 grams. On top of it lies CoolWallet Pro’s cutting-edge security features; giving users a secure and easy-to-carry option to manage their cryptocurrencies, DeFi & NFT assets safely and discreetly. 

Design and Portability of CoolWallet Pro

Unlike other hardware wallets, CoolWallet Pro is designed to mimic a credit card, making it extremely portable; thereby allowing it to set new standards in the hardware wallet space. 

On the front side of the device, users can find the card’s serial number. Next to the serial number is a small e-paper display that shows battery percentage and other important information, including real-time transaction verification. Users can easily navigate the display with the help of a small button that is located below the screen. 

The rest of the card is sleek, featuring a futuristic design with minimalist features and reducing visual noise, giving the device a much-deserving premium look. 

User-Friendly Features

Another reason that sets CoolWallet Pro apart from other hardware wallets is its user-friendliness. 

This is because setting up CoolWallet Pro is straightforward, which can be done through the help of the CoolWallet application. The app automatically connects the CoolWallet Pro hardware wallet through the help of Bluetooth and is available for Android and Apple devices.

Users can easily find everything they need to manage their digital assets within the app. The app is designed to cater to both newbie crypto users and veterans, as its features are very clear and user-friendly. In the app, users have the option to connect CoolWallet Pro with their DeFi and DApp accounts directly. 

Users can also create different wallets for cryptocurrencies, they can directly make trades, run different DApps, and much more. In case of any issues, users can also refer to CoolWallet Pro’s Getting Started page or their help center, where they can access an easy-to-navigate tutorial on setting up the device and navigating the app. 

On-the-Go Security Solutions

CoolWallet Pro has AES-256 Bluetooth, which offers a secure, confidential data transfer between two devices. It also has Cold Pressing Tech which permanently disables the device when disassembled. Additionally, the device is also Waterproof and Tamper-proof. It also offers 2 + 1-factor authentication, seed, and passphrase protection. Because of this, the hardware wallet offers an excellent on-the-go security solution for cryptocurrencies. 

The Technology Behind CoolWallet Pro

Through the help of CC EAL6+ Secure Element Chipset, the technology that helps CoolWallet Pro to run is amongst the highest standards in the industry. 

This is because the technology has undergone several comprehensive independent tests, including extensive penetration testing and mathematically-based security analysis. This level of security is equivalent to the security requirements of the US military and ensures the private keys never leave CoolWallet Pro and that the device runs effectively. 

Furthermore, in order to ensure the security of users’ assets, the CoolWallet app uses an advanced transaction analysis system known as Smart Scan. The Smart Scan first confirms the transactions by scanning and detecting both the transaction counterpart and the smart contract transaction itself. 

This step helps to scrutinize transaction details and checks for any hidden anomalies. As a result, it provides an extra layer of security for transactions and ensures a user’s security. 

Exciting Future Developments: $Cool token launch

As part of the future development plans, CoolWallet is launching its first-of-a-kind token, giving users a unique way to participate in self-custodial crypto services. 

In addition, CoolBitX also offers different airdrops on the Galxe platform to users where they have to participate in minimal activities against a chance to win multiple token rewards.  

Embracing the CoolWallet Pro Experience

Ever since the popularity of cryptocurrencies, security has become a major issue. While hardware wallets provide a secure way to store a user’s private keys, they are often less portable, mobile, and less user-friendly. In addition, with the growing number of cyber attacks and their increased complexity, many hardware wallets are unable to keep themselves updated and secure. 

CoolWallet Pro solves both of these issues by offering a portable device that comes in the size of a credit card and is easy to carry around with military-grade digital assets security. Furthermore, the battery life of CoolWallet Pro is also great as it has a standby time of around 2 to 3 months. 

CoolWallet Pro also supports up to 30+ blockchains, including all ERC-20, BEP-20, TRC-20 customized tokens and all ERC-721 and ERC-1155 NFT tokens. It also supports nine different languages, making it more convenient for users to navigate around and users can also safely earn from airdrops, which is another unique feature. 

Considering all of these reasons, it’s no wonder that CoolWallet Pro receives a positive review from users around the world, as 300k+ crypto users trust it. Due to the high standards of CoolWallet in self-custodial crypto security, over $3 billion in assets are secured by the device and more are underway as the demand for the device is growing! 

Conclusion

With the growing need for a secure and user-friendly crypto wallet that offers on-the-go cryptocurrency solutions, CoolWallet Pro is a great solution. 

Developed by CoolBitX, CoolWallet Pro is undoubtedly technically impressive, especially as a military-grade CC EAL6+ Secure Element Chipset protects it. In addition, it offers plenty of services, allowing users to control their assets safely anywhere, anytime. These services include marketplace trading features, NFT storage, and earning staking rewards among others. 

These features allow the device to operate perfectly, deliver complete security, especially in light of growing cyber attacks, and remain user-friendly, which is vital for novice crypto users. As CoolBitX is about to launch a token, it will also give users the unique ability to invest in crypto cold storage. 

The post Crypto Storage Made Easy: Discover the Next-Gen Cold Wallets That Anyone Can Use appeared first on BeInCrypto.

One of the biggest reasons for AI’s impact is that it helps to break apart large volumes of data into small and accurate pieces of information. Humans then use this information to make effective decisions. Otherwise, it is almost impossible to analyze and handle such vast amounts of data and then use it for one’s benefit.  

Therefore, it’s no wonder that one of the biggest beneficiaries of Artificial Intelligence (AI) are traders actively adopting AI in their daily crypto trades. 

What is AI Crypto Trading?

Due to the surge of cryptocurrencies in recent years, they have become among the most attractive options for traders and investors. Especially those who are looking to diversify their investment portfolios. 

However, unlike traditional financial products, cryptocurrencies are not regulated and are subject to extreme volatility as they move solely on market sentiment, which changes every hour or day. 

Additionally, several other triggers can range from cyber attacks, government policies, lack of communal trust, and so on, which can cause the price to move, ultimately further complicating crypto trading. 

As a result, it becomes vital for traders and investors to continuously monitor the market and analyze massive volumes of data and prices. They also have to closely monitor the market sentiment, which is nearly impossible to do 24/7 for any individual. 

This is where AI crypto trading comes in, as it does all of this for the users, thereby ensuring potentially more profitable trades that come with little to no effort. AI trading systems automate transactions, predict market trends, and analyze market sentiment.

Not only this, but they also analyze historical data by utilizing the power of machine learning (ML), which gives them the ability to learn and adapt from past trading experiences. This helps to enhance the efficiency and effectiveness of trading. 

Ultimately, it’s no wonder that decision-making has become faster several times, which, in particular, is extremely useful during high times of market volatility. 

Trading Crypto with Artificial Intelligence

One of the best parts of trading crypto with AI is that it is extremely easy to do so. In fact, AI democratizes crypto trading, allowing traders of all experiences to make potentially profitable trades. 

Among several tools that are available in the market right now, AlgosOne is perhaps one of the best. Despite being a newcomer in the market, AlgosOne has a trade success ratio of almost 80% which is expected to grow as its’ cutting-edge machine learning (ML) algorithm is always learning from its own mistakes. 

AlgosOne is a licensed and registered AI-powered bot combining deep neural networks’ power with large language models (LLMs). 

To make a successful trade with AlgosOne, you do not have to be a veteran trader or have years of market experience. Anyone with a basic understanding of trading can make profitable trades. This is because most of the work is done by AlgosOne’s powerful bot. 

How to trade using AlgosOne: Step-by-Step Guide

Following are the steps that you need to follow to get started with trading on AlgosOne:

Step 1: Signing up

Users have to first sign up for an account on AlgosOne using their email address. 

Registration can be done with the help of the following link. 

Step 2: Depositing Funds

Once completed and approved, you need to deposit a minimum of $300 in what’s called the “Checking Account,” where all your main balance is present. 

The great thing about AlgosOne is that there are multiple deposit methods through which you can charge your account, which include bank deposit, conversion of cryptocurrencies to US dollars, and direct deposit using popular cryptocurrencies like Bitcoin, Ethereum, and Solana. 

This method is great for many reasons, particularly because of the convenience it brings to crypto users, as they can conveniently get started with AlgosOne if their bank deposit does not work. In addition, they can also enjoy price increases on these coins and directly gain trading profits from them. 

Given their convenience to users, AlgosOne will accept more cryptocurrencies in the near future. To make it more convenient for users, AlgosOne now allows deposits directly through Solana, apart from other cryptocurrencies. 

Step 3: Understanding Trading Tiers

Depending upon the amount you deposit on AlgosOne, you will be assigned a Trading tier. Each tier comes with its perks and benefits. You can learn more about trading tiers through this link. 

Depending on the tier you choose, you will have a certain number of automatic trades and trades that you will have to approve or manual trades. 

For instance, if your account is in Tier 4, there are three automatic trades per day and eight trades that you will have to approve. 

Step 4: Automatic Trades

Information about current trading will be available on “Trading Operations.”

This is where you can also change your trading settings. AlgosOne offers two types of trading settings: 

1. Low Risk: With the low-risk profile, traders benefit from a higher success rate with minimized risk. This is ideal for traders who have a low-risk threshold. However, positions will be opened for smaller amounts so you can expect less substantial return on your winning trades.

Despite being a low-risk profile setting, the success rate is still above 80%, but the trades are usually for smaller amounts, which is to ensure the safety of the user’s assets. Regardless, with time, the smaller amounts add up and bring a nice chunk of profit to users. 

2. Standard Risk: With the Standard Risk profile, traders are exposed to a higher risk of unsuccessful trades; however, they also have a higher chance of earning greater rewards. In this setting, positions are opened for a long time so that traders can get a sizable return on their winning trades. 

The success rate might be a bit lower than 80% in this setting as AlgosOne takes advantage of bigger positions because it is looking to earn higher returns on each trade. Regardless, the overall return to users will be a profit, which is generally more than what is guaranteed by their trading tier. 

For automatic trades, this is the only thing that you need to do, and the rest of the job is handled by the bot. 

Step 5: Manual Trades

On the other hand, for manual trades, now known on the AlgosOne platform as 1Click trades, AlgosOne will notify you about the trade. For users of the web version, this notification will appear on the bottom left side of your screen, ensuring you’re promptly informed of potential trade opportunities. 

It’s crucial to note that these notifications are not limited to the web interface. For app users, notifications come through as regular alerts on your mobile device. Upon opening the app, you’ll see the trade details, allowing for a seamless transition from notification to action. 

For those who prefer not to use the app or exclusively use the web version, there’s an additional feature to enhance your trading convenience. You can connect your Telegram account to the AlgosOne platform, enabling you to receive all notifications directly through Telegram. 

This feature is also available to app users, catering to preferences for receiving trade alerts through Telegram, which might be due to the app’s widespread use or the convenience of managing notifications in a familiar environment.

The notification will include important information about the trade, such as the coin it is trading on, the start signal, and the time left to approve the trade before it expires.

For instance, in the following example, the bot traded SUI on 50x leverage. Within 3 minutes, the bot closed the trade and made a nice profit. 

And that’s about it. Trading in AlgosOne is as simple as it gets!

Also, it is worth noting that, in order to keep things fair, AlgosOne does not charge anything on unsuccessful trades. 

AlgosOne: Earning a Passive Income

Another great thing about AlgosOne is that there are other ways as well through which money can be earned. 

This includes earning stars daily through the help of various achievements that include referrals, trade signals approvals, consecutive logins, engaging with AlgosOne’s social media accounts, writing reviews, posting videos and blogs, and sharing content. 

Once you have substantial Stars, they can be easily converted into trading credits, level points, merchandise, and more directly from the AlgosOne marketplace. 

While this is another great way to make money from the platform, overall AlgosOne is a passive income opportunity, especially for users who have minimum trading experience or have a busy routine. Adopting AlgosOne’s cutting-edge technology makes profitable automatic trades for them through the platform, even though they have nothing to do! 

This makes AlgosOne one of the best passive income platforms out there. 

Why use AlgosOne’s trading bot?

There are several reasons to use an AI crypto trading bot like AlgosOne, which include: 

Risk Management

Risk management is perhaps one of the key elements of any successful trading strategy. AlgosOne automatically sets stop-losses, adjusts trading parameters, and diversifies portfolios. 

The risk management is designed to safeguard traders against any unanticipated market developments. Portfolio diversification is the cornerstone of AlgosOne’s trading strategies because it trades in different markets, including forex, stocks, and commodities. 

Real-Time Market Monitoring

Successfully trading cryptocurrencies cannot be achieved without monitoring the market in real-time. However, as the crypto market operates without a break, it becomes virtually impossible for traders to stay connected with the market. Furthermore, analyzing and processing massive amounts of data in real-time is almost impossible. 

This is where AlgosOne comes along, as it can monitor current market conditions, identify trends and patterns, and then make thoughtful decisions. Not only that, AlgosOne also reviews market-published data, which gives it a further edge in understanding better where things are headed in the future. 

In fact, after seeing how valuable this data is in making successful trades, AlgosOne recently went through a major system upgrade, expanding the algorithm’s access to real-time quality data. This also improved AlgosOne’s ability to identify potential market risks accurately. 

Removing Human Emotions

In trading, emotional biases are like “unseen” forces that subtly manipulate investor’s choices, allowing them to make risky decisions that they would avoid in normal circumstances. AlgosOne eliminates emotional bias in trading by focusing on trades solely driven by data and market analysis. 

Due to this, traders are more aware of when to enter a trade and when to exit, as AlgosOne can detect high-probability trades with a further greater certainty. 

AlgosOne: Trading Risk-Free

Several risks are associated with AI trading as they do not guarantee 100% success in crypto trading. Despite the market being highly volatile and unpredictable, AlgosOne minimizes these risks with the following strategies: 

Regulatory and Legal Concerns

One of the biggest risks with AI trading is oftentimes these systems do not comply with Anti Money Laundering (AML) laws and other legal concerns. By not having legal compliances, these systems make the job even more difficult for crypto traders as there are already inconsistencies in crypto regulations. 

AlgosOne eliminates all the regulatory concerns as it complies with all legal and AML regulations, giving traders a legal system to trade cryptocurrencies. It is licensed and registered in the European Union. 

Technical Complications

Another concern with AI bots is that they are extremely technical for newbies, and instead of making the job easier, they make it much worse. 

AlgosOne reduces this risk by ensuring it has an easy-to-use dashboard. It also offers a small tutorial to users upon sign-up, giving them an overview of how to navigate the platform. In addition, AlgosOne has a dedicated team of professionals who are available to users 24/7, ensuring timely solutions to any technical issues they might face.

AlgosOne is expanding its educational resources to include guide videos and detailed explanations made by its team. These videos will be accessible via their YouTube channel and directly in the app starting in April, offering users an enhanced understanding and navigation experience of the platform. 

High Commission Fees

Most of the AI systems that allow users to trade cryptocurrencies charge extremely high commission fees, which reduces their gains to almost nothing. AlgosOne takes a completely different approach and has reduced its commission fees from 25% to 20% per trade. 

This is to make sure users take home maximum amounts of profit. At higher trading tiers, this commission gets even lower. Also, this commission only applies to successful trades. However, these commissions aren’t necessarily bad, as these fees are used to fill up the so-called Reserve Fund.

AlgosOne keeps a strong Reserve Fund to protect its users’ principal deposits from unplanned market changes. This is done to make sure that its users’ money is safe. This fund is like a safety net for money; it makes sure that users don’t lose their initial investments, even when things go bad.

A portion of the platform’s earnings, such as commissions from successful trades, are used to refill it. If trades fail or losses happen out of the blue, the Reserve Fund can provide some compensation. This greatly lowers the risk of losing capital.  

Quality of Data

Lastly, AlgosOne ensures the data on which its algorithm is trained is not inaccurate or biased, which can affect its performance. 

To overcome this, AlgosOne’s cutting-edge Large Language Model (LLM) looks at vast amounts of data, particularly from reputable sources, it then cross-checks it for any errors and then implements it. 

This is contrary to other AI systems that fail to cross-check their data sources and then base their decisions on them. As a result, they are unable to make profitable trades and end up losing users’ funds. 

Conclusion

Traders often find it hard to keep up with everything that is going on in the market in order to make profitable trades. To overcome this, AI is playing a vital role with tools like AlgosOne, which not only analyzes vast amounts of public data to make effective trades but also looks at the current market sentiment, all thanks to its cutting-edge technology. 

AlgosOne helps traders make substantial profits in the crypto market with as little as $300. It is an institutional-caliber technology available to everyone, thus democratizing the entire trading industry. With its ongoing system updates, users can now access enhanced risk management, identify risks, and detect high-probability trades with only a 20% commission fee.

If you want to try out this platform for yourself, you can sign up for the 14-day risk-free trial at AlgosOne here.

Links:

AlgosOne explanation video | Facebook | Twitter | Instagram | Telegram

The post How AI-Driven Crypto Trading with AlgosOne is Changing the Game in 2024 appeared first on BeInCrypto.

From its inception as a meme inspired by the BTC price surge to its long-term goal of becoming the top meme coin by market cap, we delve into the origins of Noctis, its unique features, and the ambitious vision that sets it apart from other meme coins. 

Join us as we explore the quest, the community-driven governance, and the innovative marketing strategies that make Noctis Coin a project to watch in the crypto space.

Interview with Noctis Coin

How did the idea of creating Noctis come to you?

Well, we’re quite a Degen team, so obviously, we love memes, and we always wanted to create one. However, dogs, frogs, and cats were so repetitive that we were exhausted with that idea. 

So, we thought about a meme that people could recognize and that could incorporate some gaming elements. That’s when we thought about the meme from the BTC price when it rises. What if we do that, but with memes? So, we laughed. And that’s it, that’s where everything started.

What makes Noctis different from all existing meme coins?

That’s easy! Why invest your money in a token that’s just for fun? Why not participate in a quest with thousands of crazy degens to vanquish all other MEMEs? Don’t you think that’s more entertaining? Let’s start opening doors!

What is the long-term vision for Noctis Coin?

Simply put, to become the first Meme by market cap! However, Noctis doesn’t intend to stop at the last door. The idea of the meme is to assist the community as much as possible. We would love to make CryptoSpace a better place. However, there’s no one better to explain this point than Vitalik.

How will the Noctis community be involved in the project’s governance?

The community is everything here! There won’t be a DAO, but there won’t be governance either. The LP tokens will be burned, so the power over the pool will disappear as well! No one will take control over the project through the power of supply; the holders are the heart of the project.

What is the plan for marketing and promoting Noctis Coin?

The marketing will increase step by step, but at any time, the snowball could start rolling, and it will be unstoppable at one point. The marketing will not only be done by the team, but also with the help of the community, sending stickers and pointing out the next victim of Noctis. Jump in, spread the word, and enjoy.

How liquity is verified for the token?

All the project’s liquidity (the presale proceeds) will be added to the pool and all the LPs generated will be burned, making it impossible for anyone to recover those funds, so everything will be left in the hands of the community holders.

What is the team’s experience in building and managing cryptocurrency projects?

Even that the community is everything, someone has to start all of this movement, so the team that created the coin is composed of multiple people with years of experience in the crypto ecosystem. From developers collaborating at top 30 protocols by market cap to founders of world-recognized projects. 

What are the tokenomics of Noctis Coin? 

Token Symbol: $NOCTIS

Total Token Supply: 666,666,666,666 $NOCTIS

Token Distribution:

• 6% allocated to the team
• 6% for Marketing and Listings
• 44% for Liquidity
• 44% from the Presale
• No Softcap
• No Hardcap
• 100% to Liquidity
• 100% LPs Burned

Conclusion

As we come to the end of our look into Noctis Coin, it’s clear that it’s not just another meme coin trying to get into the crypto world. People in the community are taking a risk by combining the worlds of gaming and cryptocurrency to give users a unique and exciting experience. 

Noctis Coin is aiming to make waves in the crypto space with its dedication to openness and vision that goes beyond just tokenomics. Noctis Coin wants you to join its quest and be a part of a journey that will change what a meme coin can be, whether you’re an experienced crypto fan or a newcomer interested in how memes and games can work together. 

Users can also join the Noctis community on X (Twitter) and Telegram to receive important updates and news.

Links:

Website | Twitter | Telegram community

The post Noctis Coin’s Quest to Revolutionize Meme Coins with a Gaming Twist appeared first on BeInCrypto.

Its cornerstone is to help democratize trading by offering a premium and institution-caliber platform to anyone who wants to grow their capital from as little as $300. With the power of its machine learning (ML) model, AlgosOne is able to execute trades based purely on statistics and data. 

This approach also gives AlgosOne the ability to continuously learn from its mistakes and from trade-related data, allowing it to make more intelligent decisions in the future. In addition, due to its ever-expanding comprehension of the financial markets, AlgosOne can offer its users a consistent, guaranteed, and generous profit. 

Getting Started on AlgosOne

Signing up on AlgosOne is fairly easy and takes about less than 5-minutes. Users are asked to verify their email address and provide an ID verification to pass Know Your Customer (KYC) guidelines. 

Once approved, AlgosOne gives a 9-step overview of the platform, which allows users to orient themselves to all the available tabs and dashboards. Users can skip this process altogether, as otherwise, the platform is designed to be extremely user-friendly, and getting used to it does not take long! 

In addition to this, AlgosOne has recently introduced two new stats sections that include the current amount of money on its Reserve Fund and active trades that are currently being executed by its bot. All of this ensures transparency and further builds trust with Users. 

Users can start trading once their account gets approved after uploading $300 to their checking account. 

This can be done either with a bank account, directly from cryptocurrencies, or a conversion from cryptocurrencies to US dollars. AlgosOne accepts multiple cryptocurrencies including Solana, which has been recently added. 

It is worth noting that signing up does not involve any subscription or deposit fees. AlgosOne also offers a 2-week long free trial. 

Trading with AlgosOne

Trading on AlgosOne is perhaps one of the easiest parts, as there is almost nothing that the user has to do to execute a successful trade. 

The majority of the work, including research and trading decisions that comprise asset selection, trade sizes, choice of risk controls, and when to buy/sell, are handled by AlgosOne. AlgosOne executes two types of trades. The first is auto-approved trade, which does not require anything from the user. 

The second one is 1-click trade, where the user has to approve the trade after reading all of the important details about that particular trade. This ensures users have the utmost autonomy on when and which trade to approve. 

Furthermore, users are free to select when to get 1-click trade notifications. AlgosOne has upgraded its trading signal window from a 12-hour window to now just an 8-hour window. However, users have the freedom to choose when or when not to get trading notifications, depending on their schedule. 

Besides this, all of the work is handled by AlgosOne – users do not have to worry about market sentiment or spend hours in front of screens to make a profit. 

What’s great is that the platform introduced SHIB deposits, with plans to expand the cryptocurrency offerings and introduce Solana trading accounts. This would allow users to hold SOL in its native form without the necessity of converting it into USD. 

Profit and Fee Structure of AlgosOne

The profit range depends on the level or tier the user is on. The higher the tier, the more users will be able to earn, as they can execute larger trades with larger balances. 

When a user first starts with a $300 deposit, they are automatically placed on the 1st trading tier. The more balance they have, the higher their trading tier will be. In total, there are 10 trading tiers On AlgosOne – each with its number of auto-approved & 1-click trades per day, commission fee, compensation, and total profit per annum. 

To keep things fair, AlgosOne does not charge any commission on losing trades. It has also reduced its commission amount from 25% to now 20% on different trading tiers. 

Money earned from trading fees is split into two parts. Half the money is used to pay for compensation on the losing trades and maintain AlgosOne’s Reserve Fund which acts as insurance for users’ capital coverage in case things go sideways. 

The other half is used to pay for AlgosOne’s 24/7 risk and technical management team, along with other platform expenditures. 

Risk Management by AlgosOne

Another key feature of AlgosOne is its wide range of risk management tools tailored to protect users’ investments. These include:

• Portfolio diversification: AlgosOne diversifies users’ investments in multiple areas, including commodities, stocks, indices, forex, bonds, and cryptocurrencies. This ensures risk is mitigated in multiple asset classes, which protects in case of any unforeseen future events. This not only reduces risk but also opens new opportunities as the portfolio has a wide range of exposure. 
• Stop loss & limit orders: This is a crucial feature of AlgosOne as it helps minimize loss and ensures profit. Users can select when to end a trade at a set price in order to protect them from unfavorable market shifts. 
• Investment caps: Investment cap is another measure for risk control as it limits the amount of funds risked in one trade. This helps to protect the principal by ensuring a balanced investment approach. With the help of this approach, a user is protected from bipolar market swings. 
• Protection against emotional bias: Lastly, AlgosOne protects against old-school emotional biases in trading, which act as unforeseen forces. By employing deep neural networks and natural language processing, AlgosOne can make decisions that are solely based on data. 

Compliance with Legal Regulations

In all essence, AlgosOne is a legal trading platform that is safe to use as it complies with financial regulations. It holds a license issued in the EU that gives platforms the power to offer financial services, including cryptocurrencies. 

AlgosOne also has an AML policy that helps to prevent the platform from being used for terrorist financing, money laundering, and other illicit activities. 

Due to this, users cannot open an account without verifying their identity. They have to go through the steps of Know Your Customer (KYC) and Anti-Money Laundering (AML) documentation. 

AlgosOne’s Reward System

To give users more room to earn a passive income, AlgosOne has launched its reward system, allowing users to earn Stars through various activities. 

These activities will include consistent logins on the platform, engaging with AlgosOne’s social media pages, writing reviews, publishing videos and blogs, and sharing content on their personal social media accounts. 

By engaging in all of these activities, Stars will grow. Users can then convert these Stars into new trades, level points, merchandise, and more from AlgosOne’s marketplace.  

Stand-Out Benefits of Using AlgosOne

Some of the biggest advantages of using AlgosOne include: 

First and foremost, the platform is entirely legit. It is licensed and registered with the EU authorities. At a time when scammers are everywhere, having a legitimate platform is extremely important. 

Secondly, AlgosOne has a proven trade rate success of 80% which comes hassle-free as the platform does all the time and research-intensive work. Users only have to approve certain trades and view their dashboard occasionally. 

While launched recently, AlgosOne also offers a Risk Profile feature. The feature gives users the power to match risk tolerance with their investment goals. 

Two settings are offered by AlgosOne that are tailored for users – these include a “Low-Risk Profile” for a higher success rate with lower exposure, and a “Standard Risk Profile” for a steady, albeit slightly smaller profit on each winning trade. By setting up a Risk Profile, it does not mean annual profits will decrease. 

The platform is not only easy to use for beginners, but there is also help available 24/7 from not AI trained bots but with real people. This further helps to build trust and ensures customer satisfaction, which is of utmost importance to AlgosOne. 

Lastly, there are no hidden fees or charges that may slowly eat up the user’s capital. AlgosOne is very transparent about its commission percentage. Whatever a user deposited will be returned to them upon their withdrawal request. 

Conclusion

In conclusion, despite being young in the market, AlgosOne is proving its worth to users as it is able to provide a premium tool to traders at a fraction of the cost. 

By doing all of the hard work, AlgosOne can democratize trading by creating space for busy traders or newbies who would otherwise have to spend hours executing a successful trade. 

Furthermore, AlgosOne ensures that everything is transparent and fair. It does not cherry-pick a certain asset but builds contrasting positions in correlated assets for maximum profits. 

Considering all of this, AlgosOne offers a great way for crypto holders to put their money to work, and earn passive income through it. 

Links:

Facebook | Twitter | Instagram | Telegram

The post AlgosOne Project Overview: Elevating Crypto Trading With an 80% Trading Success Rate appeared first on BeInCrypto.

That’s where Smithii Tools comes in, a revolutionary solution that makes token creation accessible to everyone. Solana tokens (SPL Tokens) can be easily created by individuals and businesses using this no-code platform. 

Smithii Tools streamlines the complicated token creation process, allowing anyone to use it without extensive technical understanding.

Launch a Solana Token without Coding

An essential but frequently difficult part of developing a blockchain project is creating tokens. Smart contracts are complex and require developers to grasp their complexities, ensure their security, and keep costs in check to deploy and maintain them. Many people, especially those without extensive coding experience, may find this an overwhelming challenge.

Managing costs efficiently is just as critical as the technical parts of launching a token. Building a liquidity pool is an expensive part of releasing a token. This pool is crucial for decentralized exchanges (DEXs) as it allows for easier trading and guarantees liquidity. 

This requires a deep understanding of the DeFi ecosystem and can be a time-consuming and expensive process.

In response to these issues, Smithii Tools has developed a simplified and inexpensive method for token launch. Launching tokens has never been easier or cheaper than with this platform, which streamlines the process of creating SPL Tokens and liquidity pools. 

Creating an SPL Token with Smithii Tools is both affordable and straightforward. The entire procedure, including the creation of tokens and the establishment of liquidity pools, can cost anything from 1.5 SOL to 5 SOL. 

By reducing the barrier to entry for token creation, project owners can redirect more resources to essential areas like marketing and community building.

Create Solana Token Step-by-Step

Creating a Solana token (SPL Token) is a seamless process with Smithii Tools. The journey begins with the Solana Token Creator, a user-friendly tool designed for simplicity and efficiency. 

Connecting your Solana wallet to the service is the initial step. This is a crucial step that verifies the security and ownership of your newly generated token.

Next, dive into the details of your token. Choose a unique name that resonates with your project’s vision and a ticker symbol that is both catchy and representative. Set the number of decimals for your token, which will determine its divisibility. 

You can then give your token a visual identity by uploading an appealing image and writing a captivating description that sums up its function and use.

With these details in place, define the total supply of your token. This is a critical decision, as it impacts the scarcity and potential value of your token. Once satisfied with your choices, click on “Create Token” and approve the transaction. In just a few moments, your SPL Token will come to life, ready for the next steps.

The creation of a Liquidity Pool is the next milestone. This involves generating an OpenBook Market, which pairs your token with another cryptocurrency, typically SOL or USDC. This step is essential for enabling trading and ensuring liquidity on decentralized exchanges (DEXs). 

You can do that using this Smithii Tool: Create OpenBook Market.

You can also customize your Market ID length and create it from 0.4 SOL.

After setting up your market, add liquidity to it on a DEX of your choice, such as Raydium. This process involves depositing an equal value of your token and the paired cryptocurrency into the pool, establishing the initial price and availability of your token for trading.

You can make these 2 steps easily with the user friendly tool for creating liquidity pool on Smithii, using it you will be able to create and set up your liquidity pool and it will be added to Raydium and listed on Birdeye and Dexscreener; the most used platforms for trading solana tokens.

Listing a Solana Token on Featured Platforms

Once your token and liquidity pool are in place, it’s time to focus on visibility. Listing your token on prominent platforms like Birdeye, Dexscreener, Jupiter Aggregator, Coingecko, and Coinmarketcap can significantly boost its exposure and credibility. 

These platforms offer a stage for your token to be discovered by a wider audience, attracting potential investors and users.

Each platform has its own listing process, but generally, tokens that have an active liquidity pool are automatically recognized and listed. For platforms like Jupiter Aggregator, you may need to apply for verification to gain additional credibility. 

Key Features of Solana Smithii Tools

Besides allowing for seamless token creation, Smithii Tools stands out with its suite of different features designed to simplify the token creation and management process. 

The Multisender feature is a game-changer for projects looking to distribute tokens or NFTs to multiple wallets simultaneously. Whether it’s for airdrops, rewards, or promotional distributions, Multisender streamlines the process, saving time and effort.

For projects looking to incentivize holding or engagement, the Staking Builder is a valuable tool. It allows for the creation of custom staking mechanisms for both NFTs and tokens, providing a way to reward loyal community members and holders.

New tokens or NFT launches can take advantage of the Launchpad feature. To facilitate project fundraising and audience engagement, it streamlines the process of minting events, also known as Initial DEX Offerings (IDOs).

Finally, the Snapshot feature is essential for community management and analysis. It provides a snapshot of the holders of any token or NFT collection, offering insights into the distribution and helping projects tailor their strategies accordingly.

The Advantages of Using Smithii Tools

Smithii Tools offers several advantages that make it an attractive option for token creators. With token creation costing only 0.5 SOL, the cost-effectiveness is a major advantage. Smaller projects can now take part in the Solana ecosystem thanks to the low barrier to entry.

Ease of use is another key advantage. The simplified process for token creation and management means that users don’t need to have technical expertise in blockchain or coding. This user-friendly approach encourages wider adoption and experimentation within the ecosystem.

Compatibility with any Solana wallet adds to the convenience, ensuring that users can seamlessly integrate Smithii Tools into their existing setups without needing to switch or adapt their wallets.

Conclusion

Finally, the Solana blockchain’s scalability, low transaction costs, and great performance have made it an essential component of the decentralized world. 

The necessity for an easier and more accessible token creation process is now more than ever before, given that tokens remain the foundation of the Solana ecosystem and drive a multitude of decentralized applications. 

Smithii Tools really comes into its own here, offering a no-code platform that basically makes token creation accessible to everyone. Businesses and individuals can create Solana tokens (SPL Tokens) easily with Smithii Tools, skipping the complicated coding and saving a ton of money. 

With Smithii Tools, building token projects is easier than ever, regardless of your level of experience or familiarity with blockchain technology. 

Links:

Discord | Twitter | Telegram | YouTube

The post How to Launch a Solana Token from 0 appeared first on BeInCrypto.