Sponsored Archives - BeInCrypto https://beincrypto.com/sponsored/ Cryptocurrency News Thu, 27 Jun 2024 09:19:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 https://beincrypto.com/wp-content/uploads/2022/09/cropped-bic_favic-32x32.png Sponsored Archives - BeInCrypto https://beincrypto.com/sponsored/ 32 32 Trade the Market Like a Pro: The AI-Powered Trading Bot Anyone Can Use https://beincrypto.com/the-ai-powered-trading-bot-anyone-can-use/ Thu, 27 Jun 2024 13:00:00 +0000 https://beincrypto.com/?p=534189 The market for cryptocurrencies is certainly full of potential, and at the same time, it can be quite overwhelming as well. Especially for a new entrant, the trends might just be a bit too much changing, coupled with technical jargon. But what if there was a way to make crypto trading a reality for everybody … Continued

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The market for cryptocurrencies is certainly full of potential, and at the same time, it can be quite overwhelming as well. Especially for a new entrant, the trends might just be a bit too much changing, coupled with technical jargon.

But what if there was a way to make crypto trading a reality for everybody just by making the process simple? Meet AlgosOne: an AI-driven platform that automates the analysis process and executes successful trades so people of any experience level can confidently partake in the crypto market.

Enhancing Profits With AlgosOne

The AlgosOne AI works with a high-power blend of algorithms, including machine and deep learning, to analyze large-scale market data. These include historical patterns, price movements in real-time, news events, and even sentiment on social media.

After studying all the critical areas, AlgosOne points out potentially profitable situations that human traders may fail to notice or analyze due to their limited information-handling abilities. Fueled by state-of-the-art algorithms and a large GPT-4 model that can support up to 500 pages of data within a few minutes, AlgosOne never rests and is always on the lookout for successful trades for you automatically.

Moreover, AlgosOne is not just about stating where trends lie. It goes a step further in customizing a trading strategy to fit what you specifically require. During the registration process, you define your risk settings and investment goals.

That information is then used in defining a customized trading strategy that sees to it that trades are in your comfort zone and toward your financial goals. This way, it is not just throwing in trades but following a data-driven approach optimized for your success.

AlgosOne does it all, from catching emerging trends to predicting a market upsurge: it does all this with unsurpassed accuracy. The testament to the trades the AlgosOne AI suggests is the remarkable 80% success rate that it offers. To see this trading success rate yourself, AlgosOne lets you try out its platform through a 14-day risk-free trial.

Three Main Features of AlgosOne AI That Can Give you an advantage over regular trading

AlgosOne’s AI doesn’t operate with a one-size-fits-all approach. It recognizes that different investors have varying levels of experience, risk tolerance, and trading goals. To cater to this

diversity, AlgosOne offers three distinct trading methods, each designed to empower you on your path to success:

  1. Fully Automated Trading

Ideal for newbies or for anybody who simply does not feel like spending hours reading the market and always wants to capture the perfect trading opportunities. In this, the AI is constantly on the lookout for a successful trade, and as soon as it finds one, it executes the trade. The user will only receive a notification of the trade, and that’s it.

One check that the AI runs before executing a trade is the verification of your selected risk settings. If you select low in the risk settings, then the AI will go for low-leveraged 1x or 2x trades. However, if your risk settings are set high, then the AI will go for 50x, 75x, and even 100x leveraged trades. Holistically, this process allows you to just sit back, relax, and watch your portfolio grow without having to keep an eye on the market from time to time.

  1. 1-Click Approval Trades

The 1-Click Approval Trades technique is meant for those who are looking to balance automation with control. AlgosOne AI scans the markets, identifies where there is potential for a trade, and then highlights this for you by clearly stating the entry and exit points.

You can approve the trade with just one click if it suits your strategy, or just decline in case you like waiting for a better opportunity to present itself. It empowers you to use the power of AI to make informed decisions while still being in control of your trades.

  1. Trading Bank Trades

Looking to supercharge your returns? AlgosOne’s innovative Trading Bank Trades are designed to maximize your profits. This feature utilizes referral credits, which you can earn by referring friends to the platform. These credits are then used to execute additional automated trades on top of your daily tier limit. You can find your daily limits in the detailed table below by clicking here.

Introduction of New Savings Account

AlgosOne has recently introduced its innovative approach to wealth accumulation through its savings accounts.

The key to AlgosOne savings accounts lies in their hands-off approach to investing The magic secret about AlgosOne savings accounts is that they are hands-off investments. No more waiting for signals from discord groups and manually putting in those trades or regrets of missing out on golden opportunities.

With AlgosOne’s savings account, all your profits will be used for even more trades and they will keep on compounding with every trade. The withdrawal time is about 12 to 36 months, so you can have an impressive and sizable investment portfolio.

But maybe the most compelling feature of AlgosOne Savings Accounts is their unwavering commitment to long-term growth. First of all, they are registered with the EU to ensure the reliability and security of the platform.

Secondly, they have established the AlgosOne Reserve Fund for anyone who suffers losses due to any error or hacking attack. Lastly, the upcoming Algosone is going to launch its own token, which will further strengthen the whole community and project for long-term success.

For a limited time, you can try out AlgosOne yourself through a two-week risk-free trial!

The Upcoming AlgosOne Token

AlgosOne isn’t just about making trading easier. It is going to tokenize its AI and the users have the possibility to own part of the AI core. With the tokenization of the platform, it is going to bring the AI ownership to its users.Here’s how the AlgosOne token empowers you:

  • Let your tokens work for you! AlgosOne plans to distribute regular dividends from its profits to token holders. This means you can earn a steady stream of passive income simply by holding onto your tokens. (Note: The specific frequency of these dividends is not publicly available yet. Be sure to check the AlgosOne website for the latest information.)
  • The AlgosOne token has a limited supply. With increasing value across different sale stages (pre-sale, public rounds), the token might hold the potential for significant growth.

Visit the AlgosOne website today to learn more about the AI app that is advancing constantly. You can use the 14-day free trial and see how the AI works.

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After Recent Cyberattacks, Users Seek Safety with Gate.io’s Proven Security https://beincrypto.com/users-seek-safety-with-gate-ios-proven-security/ Thu, 27 Jun 2024 08:18:40 +0000 https://beincrypto.com/?p=536816 It’s no secret nor surprise that Web3 is fraught with risks, from hacking attempts to outright scams. These perpetual threats underscore the necessity for trading exchanges to implement comprehensive security protocols. Robust security measures are crucial for keeping user assets and data safe, which in turn builds trust and stability in the industry. Recent incidents … Continued

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It’s no secret nor surprise that Web3 is fraught with risks, from hacking attempts to outright scams. These perpetual threats underscore the necessity for trading exchanges to implement comprehensive security protocols. Robust security measures are crucial for keeping user assets and data safe, which in turn builds trust and stability in the industry.

Recent incidents highlight the gravity of these threats: in February 2024, a cryptocurrency exchange in Hong Kong lost around $56.5 million in assets. In April, a cryptocurrency exchange in the Middle East suffered a $14.8 million loss due to an attack. In May, a leading Japanese cryptocurrency exchange was hacked, resulting in the theft of 4,502.9 BTC, valued at $305 million.

By June, a UK-based cryptocurrency exchange had ceased trading after losing $22 million in a “security incident” and shut down two days later following another hack. Additionally, a Turkish cryptocurrency exchange announced on June 22 that it had been attacked, affecting the hot wallet assets of 10 cryptocurrencies.

For the collective well-being of “open finance” and the Web3 world, it is imperative that all protocols, exchanges, and crypto firms stop falling into the same traps and start rebuilding trust. That said, within this ever-evolving landscape, one exchange stands out with over a decade of experience and a commitment to best practices in the industry— Gate.io. 

Fortifying Security on Every Front

Gate.io employs a comprehensive security strategy that blankets its platform from digital to physical. Cutting-edge encryption, resilient cloud defenses, anti-DDoS measures, and stringent web application firewalls form the backbone of its defense against cyber threats. These technologies work in harmony to safeguard transactions and shield user data from potential breaches.

Behind this formidable defense is a team of security experts who adopt a proactive, risk-based approach. Continual assessment and improving on security protocols mean that Gate.io exceeds industry standards in protecting user assets.

Empowering Users with Security Tools

Key to Gate.io’s security strategy are advanced features like Bind IP, Asset Passwords, Google OTP, and Anti-phishing Passwords. These tools are not just your average security features; they provide a strong defense against unauthorized access and phishing attempts. Gate.io believes in sharing responsibility around security, giving users these crucial tools while also reinforcing strong offensive and defensive protocols on the platform. For example, Bind IP limits account access to authorized IP addresses, adding an extra layer of protection for user assets.

Leading the Way in Transparency

Security isn’t just about preventing theft. In 2020, Gate.io committed to user-verifiable Proof of Reserves (PoR). This ground-breaking initiative let users independently verify that their cryptocurrency holdings are fully backed on a 1:1 basis, ensuring transparency and trust. Over time, Gate.io’s PoR program has expanded significantly, now covering the widest range of assets among all exchanges. Regular publishing of 100% PoR reports underscores Gate.io’s dedication to transparency and accountability in managing user assets.

Collaborating for a Safer Future

Gate.io doesn’t stop at internal safeguards; it actively collaborates with external experts to raise the bar in blockchain security. Partnerships with firms like Hacken involve annual security assessments, testing for bugs and gaps that attackers could target, and smart contract audits. These initiatives strengthen Gate.io’s defenses and help contribute to advancing industry-wide security practices.

Moreover, Dr. Han Lin, Founder and CEO of Gate.io, recently appeared at Seoul Meta Week and delivered a comprehensive speech on how crypto exchanges should build trust beyond blockchain, emphasizing the importance of robust security measures and calling for industry-wide collaboration to enhance user trust and safety. With a vision focused on continual improvement and resilience in the face of evolving threats, Gate.io remains at the forefront, setting a benchmark for trust and security in the industry.

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Missed Gala Games GALA: Meta Masters Guild Games MEMAGX Poised for Meteoric Rise in 2024/25 Bull Cycle https://beincrypto.com/missed-gala-games-gala-meta-masters-guild-games-memagx-poised-for-meteoric-rise-in-2024-25-bull-cycle/ Wed, 26 Jun 2024 15:00:00 +0000 https://beincrypto.com/?p=536568 Meta Masters Guild Games (MEMAGX) is setting a new benchmark in the blockchain gaming industry with its innovative Web3 gaming ecosystem. Drawing parallels to the phenomenal rise of Gala Games, MEMAGX is poised for substantial growth and a potential bull cycle ATH price increase that could rival its predecessor. Gala Games token rose 630% during … Continued

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Meta Masters Guild Games (MEMAGX) is setting a new benchmark in the blockchain gaming industry with its innovative Web3 gaming ecosystem.

Drawing parallels to the phenomenal rise of Gala Games, MEMAGX is poised for substantial growth and a potential bull cycle ATH price increase that could rival its predecessor.

Gala Games token rose 630% during the peak of the previous bull cycle hitting an ATH of $0.8248 on 21st Nov-21. Many crypto key opinion leads (KOLs) believe the 2024/25 bull market will see many Web3 Play&Earn projects soaring to new ATHs and with their 1st game release Meta Kart Racers is poised for a parabolic rise. 

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Blockchain Gaming Revolution

Meta Masters Guild Games is a Web3 gaming platform that integrates Non-Fungible Tokens (NFTs) to provide gamers with an immersive and rewarding experience. MEMAGX ensures players enjoy captivating gameplay and earn tangible rewards, engage in staking activities, and partake in token trading.

Key Features of MEMAGX

  • Play&Earn Model: MEMAGX offers an innovative play&earn model. These rewards can be garnered through skill-based tournaments, resource collection, and player-initiated upgrade cycles.
  • Asset Ownership: Players fully own their in-game assets, ensuring that their time spent playing translates into tangible rewards.
  • Token Utility: MEMAGX tokens serve multiple functions within the ecosystem, including token buybacks, staking, and conversions between MEMAG and leading cryptocurrencies like Ethereum (ETH) or Tether (USDT).

MEMAGX Roadmap to Success

MEMAGX’s flagship game, Meta Kart Racers beta version, launched on May 13, 2024, in the mobile app stores. Their 1st title features full track access and professional tournaments launching in Q3. Players can look forward to a comprehensive XP and leveling system, strategic fuel consumption, and various characters and karts.

MEMAGX Unique Selling Offers

  • Dynamic Token Buyback Initiative: MEMAGX’s pioneering token buyback mechanism ensures a deflationary environment, enhancing the token’s intrinsic value. Most of all gaming revenues will be reinvested to repurchase MEMAGX tokens, reducing market circulation and increasing token value.
  • Tournament Rewards: MEMAGX tokens are awarded to players who excel in skill-based tournaments, providing recognition and enhancing the gaming experience. Depending on the participation volumes, prizes range from $100 to $1000 and can be claimed after the tournaments. 
  • Staking Rewards: Token holders can stake their MEMAGX tokens to earn up to 12.5% APR, contributing to network security while earning passive income.
  • Targeting both Web3 and casual gamers: All the blockchain elements operate in the background making MEMAGX’s gaming experience accessible to casual gamers worldwide.

Future Prospects

  1. Expansion of Gaming Portfolio: MEMAGX plans to introduce additional titles, catering to diverse gaming preferences.
  2. Enhanced Token Utility: Continuous enhancement of token utility with new features and functionalities.
  3. Strategic Partnerships: Ongoing collaborations with leading players in the gaming and blockchain industries.
  4. Community Engagement: Commitment to fostering a vibrant and engaged community of players and developers.

Token Utility

MEMAGX tokens are versatile, enabling users to purchase in-game NFTs, stake for rewards, and earn prizes in in-game tournaments.

Token Metrics

  • Circulating Supply: 558,706,829
  • Total Supply: 850,000,000  
  • Locked in Vesting: 198,973,754
  • Tokens Currently Staked: 130,493,132

Meta Masters Guild Games is set to revolutionize the gaming industry, offering unparalleled opportunities for players and investors alike. Could MEMAGX be the next Gala Games? Join us on this exciting journey and find out.

Get MEMAGX token on XT.com | Uniswap | BitMart

Download the beta version of Meta Kart Racers: Android – Download Now | Apple – Download Now

Join the MEMAGX Community: Twitter: Meta Masters Guild Games (@MEMAGgames) | Telegram: Meta Masters Guild Games

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Crypto Enthusiasts Use This AI Tool to Profit From Bitcoin and the Ethereum ETF News https://beincrypto.com/crypto-enthusiasts-use-this-ai-tool-to-profit-from-tbc-and-the-eth-etf-news/ Tue, 25 Jun 2024 13:00:00 +0000 https://beincrypto.com/?p=534182 Due to the possible introduction of Ethereum ETFs, Ether’s price has surged dramatically and was around 3900 dollars when writing. Most traders saw this surge coming; however, only a few were able to utilize this opportunity. An AI trading platform called AlgosOne actually anticipated this approval. The platform’s AI bot can study the market, predict … Continued

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Due to the possible introduction of Ethereum ETFs, Ether’s price has surged dramatically and was around 3900 dollars when writing. Most traders saw this surge coming; however, only a few were able to utilize this opportunity.

An AI trading platform called AlgosOne actually anticipated this approval. The platform’s AI bot can study the market, predict trends, and make automated trades with an 80% success rate making it easier for traders to navigate the market in such periods! Especially when everything is done automatically by the AlgosOne Artificial intelligence.

Here you may learn more about the platform:

AlgosOne is backed up by the latest GPT4 AI technology mixed with deep neural networks. In this case, the GPT 4 AI technology helps AlgosOne study and analyze Ethereum’s history, the current market, and news related to ETH, which can impact the prices. After this, it creates a trade for you.

Keep reading to understand how you may benefit from the rising prices on Ethereum and what role AlgosOne plays in bringing you one step closer to your goal of becoming a successful crypto investor.! If you want to check out AlgosOne, you can try it with its two-week risk-free trial!

How To Use Algosone For Ethereum’s Price Rise

AlgosOne is a user-friendly tool that is very easy and simple to use. All you have to do is sign up and deposit a minimum amount of 300 dollars. After that, three important factors affect your trades.

  1. Types of Trade

In AlgosOne, there are 3 types of Trades. Each trade provides a unique offering and benefit. Following are the three types of trade that AlgosOne provides and how they can affect your trade during an Ethereum surge.

Auto Approved Trades

These are the automatic trades where AlgosOne finds a winning trade and executes it by itself. You do not have to conduct any market research, create any strategy, or run an assessment of risks. AlgosOne does everything for you, which may help increase your chances of success during the Ethereum surge.

1-Click Approved Trades

In this type of trade, AlgosOne creates a trade and presents it to you with all the information, including stop loss, leverage, and trading amount. However, it is upon you to approve the trade by clicking on “Approve” within the given time.

Trading Bank Trades

The final type of trade is Trading Bank trades, which are just additional auto-approved trades that use your credit points. No tier limit is applied to them.

  1. Trading Tiers

Now this brings us to our next fact “Trading Tiers”. Trading tiers are sort of subscriptions that are automatically assigned to users based on their deposited amount. The trading tier decides how many trades a user gets per day, the Total Profit percentage per year, the commission fee, and compensations.

Click here for the trading tier table with all the information for you.

  1. Risk Setting

Once you access your user dashboard, the tool asks you to select a risk setting. The risk setting defines the type of trades AlgosOne should execute for you. For example, the bot will go for low-leverage trades like 1x to 5x if your risk settings are low. However, if your risk settings are high, the tool will go for high-leverage trades like 25x,50x, and 75x.

To check out AlgosOne yourself, you may try out its 14-day risk-free trial.

Introducing the New Savings Account

AlgosOne has recently also introduced the Savings Account feature, which has additional features and benefits. The savings accounts are backed by trading profits, which its bot will execute in different investment markets, particularly the crypto market.

The savings account will be unique because it will grow user’s capital by executing successful trades rather than simply lending out money, which is the traditional method banks use. Users will get a much higher yield and an annual profit in one of the most secure ways possible.

The savings account will not require any manual intervention, making it ideal for users who do not have enough market knowledge to trade even with the help of AI.

AlgosOne’s savings account will offer multiple duration plans in which the user’s assets will be locked for a particular period which can range from 12 months to 32 months. During this period, the profits earned will be automatically compounded so that users will gain maximum returns once their locked period comes to an end.

AlgosOne Token

AlgosOne will also launch its own native token, allowing users to own a piece of AlgosOne AI. The token serves as a utility token, giving its holders the ability to earn regular dividends supported by AlgosOne’s successful trades. The dividend amount will be fixed per share and given either monthly or quarterly.

Furthermore, holders of the token will be able to vote on AlgosOne’s key decisions, and they will also gain exposure to multiple other incentives, which will be revealed on different occasions.

The total number of tokens will be limited to 500 million. They will be allocated through different pre-sale events, 3 different public rounds, and also a private round. Initially, the token price will be low and will grow gradually during each selling stage. For example, the pre-sale token will be $0.00001, whereas in the next round, it might be $0.00004 or even more.

AlgosOne’s top-tier users will be given priority during the token sales, and this priority will gradually decrease depending on the other trading tiers. Initially, non-users of AlgosOne will

not be given priority, as the purpose of the token is to allow the existing users to take part in important decisions that will have a direct impact on their investments.

Final thoughts

AlgosOne offers a tool to automate trades, potentially maximizing your profits. Additionally, properly using risk settings will lower the official risk factor of these trades. We suggest starting with a low-risk setting and then increasing the risk setting for the bot to execute high-leverage trades.

To start your trading journey, you only have to deposit 300 dollars. But now you can get a 14-day free trial of AlgosOne to check the bot beforehand.

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Mollars Token Now Listed on Bitmart Crypto Exchange https://beincrypto.com/mollars-token-now-listed-on-bitmart-crypto-exchange/ Wed, 19 Jun 2024 14:27:02 +0000 https://beincrypto.com/?p=532192 Just a few weeks ago the ERC-20 token closed its ICO presale, with over $1.7-million-dollars raised. It listed on Uniswap almost immediately after, where the price lept from $0.65 to an All-time high of $1.10 before a correction. Now holding stable at $0.367. Holders of the new store-of-value asset are braced for positive developments as … Continued

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Just a few weeks ago the ERC-20 token closed its ICO presale, with over $1.7-million-dollars raised. It listed on Uniswap almost immediately after, where the price lept from $0.65 to an All-time high of $1.10 before a correction.

Now holding stable at $0.367. Holders of the new store-of-value asset are braced for positive developments as Bitmart exchange listed $MOLLARS token.

The listing is no surprise as it was announced priorly. The decentralized exchange tweeted it would list the Mollars token nearly 1 month ago.

What crypto exchanges have listed Mollars?

This is the third crypto exchange to list the new altcoin. Uniswap and Lbank exchange have both added it to their listings.

The Bitmart listing could result in a sudden sleuth of investors for the store-of-value asset, which is primarily to be used by investors to retain value on their money against global inflation; As the value of fiat currency goes down against commercial product values, such low supply cryptocurrencies are meant to increase in value as investors buy and hold more of it.

How many users does Bitmart have?

Bitmart reported it had 9-million users in 2022. The massive amount of crypto traders using the exchange would make it the second largest to list the Mollars token, only behind Uniswap.  

Mollars token has a total token supply of only 10-million tokens. This is less than half of Bitcoin’s 21-million coins.

While the $MOLLARS token is listed on exchanges like Uniswap and Bitmart, it will also be a native currency to its own decentralized crypto exchange; an industry first for a token with its overall infrastructure and project design.

Native DEX

Mollars token will be used as a ‘bridging’ device for the coming decentralized exchange: Mollars.CC. It’s slated to launch on or before September 15th, but reddit community members have been speculating it could launch as soon as August.

Continuing to grow and improve in branding value, the Mollars token can now be traded (buy,sell) on Bitmart.

It’s believed 2 other exchanges will also list the Mollars token before the DEX launches. 

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ONI DEX Debuts Multi-Chain Ecosystem, Launchpads https://beincrypto.com/oni-dex-debuts-multi-chain-ecosystem-launchpads/ Thu, 13 Jun 2024 11:05:23 +0000 https://beincrypto.com/?p=530902 ONI DEX, a trailblazing decentralized exchange, is proud to announce its launch on multiple blockchains, including GALA Chain, Binance Smart Chain (BSC), and Ethereum. The platform aims to revolutionize the DeFi space by offering a comprehensive ecosystem that includes launchpads, unique earning opportunities, and a dedicated gaming category. Multi-Chain Support and GALA Chain Debut ONI … Continued

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ONI DEX, a trailblazing decentralized exchange, is proud to announce its launch on multiple blockchains, including GALA Chain, Binance Smart Chain (BSC), and Ethereum.

The platform aims to revolutionize the DeFi space by offering a comprehensive ecosystem that includes launchpads, unique earning opportunities, and a dedicated gaming category.

Multi-Chain Support and GALA Chain Debut

ONI DEX is redefining the boundaries of accessibility and interoperability by offering multi-chain support from the start. The platform will initially debut on GALA Chain, BSC, and Ethereum, with ambitious plans to expand to over 10 additional blockchains, such as Solana, Polygon, and Avalanche. Significantly, ONI DEX will be the pioneer DEX on the GALA Chain, addressing the community’s demand for a decentralized trading solution.

According to a representative of ONI DEX, “Our multi-chain approach ensures that users can access a wide array of tokens and benefit from the unique advantages offered by each blockchain.”.  By becoming the first DEX on the GALA Chain, ONI DEX will be providing a valuable service to the GALA community and establishing itself as pioneers in the DeFi landscape.

Launchpads: Empowering Projects and Investors

ONI DEX will feature launchpads that enable projects to raise funds and gain exposure to a vast network of potential investors. These launchpads will be crucial tools for emerging projects, helping them secure the necessary capital to develop and thrive.

Furthermore, the launchpads are designed to support the growth of promising projects while providing investors with access to groundbreaking opportunities. According to ONI DEX, this will foster a vibrant and sustainable DeFi ecosystem. 

Spheres: A Groundbreaking Passive Income Mechanism

ONI DEX introduces Spheres, an innovative passive income feature that allows users to earn a portion of the profits generated by all of the platform’s features. In the first year, 20% of all earnings will be allocated to the Spheres pool, decreasing to 15% in the second year and stabilizing at 10% from the third year onward. Users can acquire Sphere Access Keys to activate a Sphere and earn rewards across all supported blockchains.

Spheres represent a paradigm shift in how users can benefit from the decentralized exchange’s success. By offering a share of the profits generated within its ecosystem, ONI DEX empowers users, giving them a unique opportunity to grow their portfolio positively. 

ONI Gaming Ecosystem: The Future of DeFi Entertainment

ONI DEX is dedicated to pushing the boundaries of what a decentralized exchange can offer. The platform will feature a Gaming category, showcasing exclusive games developed in collaboration with renowned game studios such as KEVURU, known for their contributions to Fortnite and other major e-gaming titles. 

These games will seamlessly integrate NFT utility and offer in-game rewards as ONI tokens. Furthermore, 20% of the earnings generated by each game will be channeled into the Spheres pool, providing Sphere owners with an additional revenue stream.

More Developments in the pipeline

Beyond its current features, ONI DEX has launched its unique social media ecosystem, ONI Talk, where users can connect with their friends and share life moments with them. ONI Talks also draws on the existing ONI architecture, and users can earn ONI Tokens from their activities. 

In addition, ONI DEX has outlined its roadmap and plans to add more features. In the coming months, it will list its native token, ONI, on several centralized exchanges while building innovative products within its ecosystem. 

About ONI DEX

ONI DEX is a pioneering decentralized finance platform that bridges traditional financial mechanisms with blockchain technology. Focusing on innovation, security, and community-driven development, ONI DEX offers a comprehensive ecosystem for seamless interaction with DeFi services.

For more information about ONI DEX and its groundbreaking ecosystem, visit Website | Telegram | Twitter | YoutubeGitbook

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BlockDAG Network’s New Hashtag #BlockDAGMoon Takes Over Twitter as Project Releases Second Keynote “From the Moon”  https://beincrypto.com/blockdag-networks-new-hashtag-blockdagmoon-takes-over-twitter/ Mon, 03 Jun 2024 17:00:00 +0000 https://beincrypto.com/?p=523707 The BlockDAG Network project stands on a new technology that has the potential to change the cryptocurrency industry and the way users interact with digital finance. Unlike traditional blockchain networks, BlockDAG uses a directed acyclic graph (DAG) structure to achieve greater scalability, faster transaction speeds, and increased security. This innovative approach has caught the attention … Continued

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The BlockDAG Network project stands on a new technology that has the potential to change the cryptocurrency industry and the way users interact with digital finance.

Unlike traditional blockchain networks, BlockDAG uses a directed acyclic graph (DAG) structure to achieve greater scalability, faster transaction speeds, and increased security. This innovative approach has caught the attention of both industry experts and the wider public, sparking significant interest and discussion across social media platforms with a new hashtag trending right now #BlockDAGMoon

The release of the project’s highly anticipated second keynote “From the Moon” is the latest update from the team and it showcases the impressive progress and innovations within the technology. 

The Buzz Around Keynote 2: “From the Moon”

The second keynote video from BlockDAG Network has generated immense excitement among its community and beyond. Following the success of their first keynote released in April, the team decided to go even bigger and better, delivering an engaging and informative presentation that delves deep into the latest developments, advancements, and future plans of the project. This video is a testament to BlockDAG’s commitment to transparency and continuous improvement.

Key Highlights from the Keynote

  • X1 Miner App Release: One of the standout announcements in the keynote is the release of the X1 Miner app, now available on both the Apple Store and Google Play. This app represents a significant milestone, allowing users to experience the full suite of features including wallet functionalities, send/receive modules, and a community section, all set to be fully integrated before the mainnet launch.
  • Mainnet Launch News: The keynote provided crucial updates on the imminent mainnet launch, marking a major step forward in BlockDAG’s journey. This launch promises to bring enhanced capabilities and a more robust blockchain ecosystem.
  • Presale Milestone: BlockDAG has successfully raised $36 million and counting in its presale, with a current daily inflow of around $500,000. 
  • Advancements and FAQs: The video also covers many development updates, answering frequently asked questions and providing a transparent view into the project’s daily progress. This continuous stream of information keeps the community informed and engaged.

BlockDAGMoon Takes Over Twitter

As the second keynote video circulates, the hashtag #BlockDAGMoon has quickly gained traction and gone viral on Twitter, reflecting the widespread excitement and engagement within the community. Users are sharing their thoughts, updates, and support for BlockDAG, contributing to the growing visibility and credibility of the project.

The community is actively discussing the new developments, sharing their excitement about the X1 Miner app, and expressing anticipation for the upcoming mainnet launch. This heightened interaction indicates a deeply engaged and supportive follower base.

The hashtag #BlockDAGMoon has become a trending topic within the crypto circles on Twitter. Users are leveraging this hashtag to share insights, predictions, and their enthusiasm for BlockDAG Network’s future. This viral trend not only boosts visibility but also attracts new followers who are curious about the buzz surrounding the project thereby expanding the project’s reach. 

Key influencers in the cryptocurrency space have picked up on BlockDAG’s momentum. Their tweets and retweets amplify the project’s reach, introducing it to a broader audience. These endorsements add credibility and foster a larger community discussion around BlockDAG’s innovations.

BlockDAG Network’s latest keynote and the viral #BlockDAGMoon hashtag represent more than just a series of updates; they represent a movement towards a decentralized, democratic and technological future. The project’s commitment to transparency, advancement, and community engagement sets it apart from other newly launched platforms currently on the market; When looking at BlockDAG Network’s historical performance and current crypto-trends it is clear that the project has potential to become a household name in the industry. 

Read About BlockDAG Presale: Website | Presale | Telegram | Discord

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Bitbot Presale Enters Final Stage As $4.3M Raise Target Approaches https://beincrypto.com/bitbot-presale-enters-final-stage/ Wed, 29 May 2024 07:47:39 +0000 https://beincrypto.com/?p=521920 Bitbot, a new AI Telegram trading bot, has raised $3.9+ million after reaching stage 15 of its presale. This strong momentum comes on the back of a comprehensive rebrand, including a new website and a greater focus on AI tools. And with Bitbot already raising 3X more in presale than its competition, there’s a lot … Continued

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Bitbot, a new AI Telegram trading bot, has raised $3.9+ million after reaching stage 15 of its presale.

This strong momentum comes on the back of a comprehensive rebrand, including a new website and a greater focus on AI tools. And with Bitbot already raising 3X more in presale than its competition, there’s a lot for investors to be excited about.  

Adjacency to the crypto-AI nexus has proven to be a boon for standout tokens during this bull run, and Bitbot will look to replicate the price action of similar projects with this deepening of its AI features such as the Gem Scanner.

Bitbot’s AI deployment appeals particularly to retail traders, a huge demographic that remains vital to the crypto market. Intelligent on-chain analysis tools give everyday traders access to institutional-grade insights, built into a Telegram interface to ensure accessibility for all.

Bitbot currently boasts a community of 100k+, with around 80k followers on X, 25k+ on Telegram, and more across other channels including Reddit and Discord.

Bitbot (BITBOT) is available to buy on the official site.

Bitbot occupies crypto’s growth sectors

AI blockchain tokens have been the stars of the 2024 bull run so far, at press time registering a $40 billion market cap, according to CoinGecko. Investment titan VanEck predicts that AI blockchain solutions will generate yearly revenue of more than $10 billion by 2030, signaling a strong expectation of growth.

Bitbot has a foot in another flourishing sector, too. Telegram trading bots have taken the market by storm since their inception in 2023, with a total of over $23 billion in trades being processed across all platforms.

The Telegram bot sector is valued, at press time, around the $1.5 billion mark, according to CoinMarketCap, and has been described as “crypto’s new cash cow.” With the current leader, BONKbot, heavily associated with the BONK token, there is even more potential for users to be onboarded due to the current trend of mainstream crypto adoption via meme coins.

Product Advisor, Andrew Jacobs, said:

“Bitbot is the perfect companion for those entering the crypto market for the first time, as well as traders who have seen it all. The proprietary AI gives users unmatched trading power in the palm of their hand, making high-level strategies accessible to everyone – and our industry-leading security makes sure investors stay safe in what can feel like a daunting environment.”

Institutional tools, democratized

Bitbot iterates on first-generation Telegram bots in several areas, giving users a more capable product that arguably presents a stronger investment case.

The aforementioned Gem Scanner searches for undervalued tokens, allowing traders to optimize trade placement and strategy. An exclusive Alpha List delivers calls that help users find gems first, allowing them to beat the masses to the next huge opportunities. 

Security is another area in which Bitbot excels: it’s the world’s first non-custodial Telegram bot, a new feature that fully protects against exploits and hacks. This is achieved using wallet solution partner KnightSafe to ensure users retain ownership of their coins until trade settlement is complete.

Anti-MEV and anti-rug pull protection round out Bitbot’s security arsenal, automatically blocking trades that show signs of fraudulent activity and preventing slippage from eating away at profits. This allows new market entrants to finally trade with peace of mind.

The BITBOT token explained

BITBOT, the token behind the trading platform, has its own set of benefits. Holders receive 50% of revenue generated from trading fees and get exclusive access to community groups where traders share investment opportunities and trading strategies.

Demand elsewhere in the Telegram bot sector has been clearly demonstrated since its birth in 2023. Banana Gun, for example, surged by 10x between October and April despite suffering a bug at launch – a problem Bitbot protects against with its Solid Proof audit and extensive security measures. 

Meanwhile, BONKbot offers a “less refined” trading experience and is limited to Solana alone, yet the BONK token boasts a $1.6 billion market cap. Bitbot will operate across multiple chains with an advanced, AI-infused feature set, suggesting it has the potential to achieve even more.

After the presale, the BITBOT token will be listed on DEXs, at which point the market will decide the price of this AI token.

About Bitbot

Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users to enable them to trade using a variety of advanced features, including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

For more information and to buy Bitbot (BITBOT), visit: Official Website | Whitepaper | Socials

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How Client Feedback Helped Shape PrimeXBT’s New Revamp https://beincrypto.com/how-client-feedback-helped-shape-primexbts-new-revamp/ Tue, 28 May 2024 07:30:00 +0000 https://beincrypto.com/?p=521249 The most successful companies listen closely to their clients. They aim to deeply understand their unique set of needs and how best to serve them. As an award-winning Cryptocurrency broker, PrimeXBT has gone live with fresh, new branding, alongside a series of product improvements.  These updates are accompanied by a marketing campaign simply titled “We … Continued

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The most successful companies listen closely to their clients. They aim to deeply understand their unique set of needs and how best to serve them. As an award-winning Cryptocurrency broker, PrimeXBT has gone live with fresh, new branding, alongside a series of product improvements. 

These updates are accompanied by a marketing campaign simply titled “We listen”. Here, the broker shows that a lot of the improvements came from client feedback. Overall, it is clear that a great deal of focus has been placed on simplicity, from the new branding to the platform updates. Something which PrimeXBT says is part of its mission to “make investing available to all”.

PrimeXBT launches updated platform with new look and features

PrimeXBT is renowned for its all-in-one platform that includes Crypto Futures alongside CFD Trading on Crypto, Forex, Commodities, and Indices.

With this update, it has relaunched its website with a brand new look, new logo, new features, and more. The newly refreshed image and vibrant colour scheme provide a more modern and simple experience, and comes after PrimeXBT recently won the 2024 ADVFN award for ‘Best Cryptocurrency Broker’. 

But it’s the major product improvements that will be most interesting to its rapidly-growing, global client base.

Major upgrades to webtrader and app

The PrimeXBT WebTrader and the PrimeXBT App have received major upgrades designed to offer clients an even better user experience than before. 

There’s a new homepage on the webtrader letting users access all areas of the platform at-a-glance. The app’s home screen also now includes all wallets and accounts in an easy-to-use format, with quick and easy access to withdrawals.

And, since client feedback is so crucial to PrimeXBT, it is now possible to leave feedback within the profile page of the app. Because PrimeXBT listens intently to their user base, there’s always a chance your feedback could help influence future platform updates.

More for less: PrimeXBT pays attention to traders’ needs

Traders are always looking for more for less. And that’s precisely what PrimeXBT is delivering with their newly updated platform. 

Clients get access to increased leverage across PrimeXBT’s Crypto Futures and Crypto CFD offering, with more coins now featuring a maximum of 200:1. Trading fees on Cryptos are also lower than ever, from 0.05% on CFDs to as low as 0.01% on Futures.

Overnight financing on CFDs has also been reduced, taking fees for Commodities to as low as 0.0017%, with an average of 0.01% and 0.025% on Forex and Indices, respectively. With trading fees for all non-Crypto CFDs already sitting at 0%, PrimeXBT has made their platform more cost-efficient than ever before.

New fiat deposit methods and local currency support

PrimeXBT has also added several fiat payment options. In addition to support for deposits and withdrawals in local currencies in various regions.

Fiat currencies can be used as collateral alongside popular Cryptocurrencies BTC, ETH, USDT, and USDC. This allows users to access products and services such as Crypto Futures, CFD Trading, and Copy Trading.

Users can access all of these markets and tools with a single account, highlighting the platform as an all-in-one powerhouse for traders.

A bigger and better Partner Program

PrimeXBT has also launched a new Partners Program. Affiliates can now earn up to $2,500 in CPA per client, and Introducing Brokers (IBs) can get up to 50% RevShare. This helps make PrimeXBT a standout platform for traders with large followings and Crypto influencers.

Try the revamped PrimeXBT today!

PrimeXBT’s comprehensive revamp, driven by valuable client feedback, exemplifies the company’s unwavering commitment to innovation, client-focus, empowerment, and transparency. 

The updated platform boasts a sleek new design, enhanced functionality, and a range of features tailored to meet the evolving needs of traders. 

From increased leverage options and reduced fees, to an improved user experience and expanded educational resources, PrimeXBT has delivered an unparalleled trading experience.

As PrimeXBT continues to prioritise client feedback, it also remains dedicated to empowering its users with the tools, knowledge, and support they need to succeed in the markets. 

Experience the future of trading today by signing up for a PrimeXBT account.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.  PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website.

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Eminent Crypto Influencers On BlockDAG Network: “Not Just Another Crypto-Coin” https://beincrypto.com/eminent-crypto-influencers-on-blockdag-network/ Thu, 23 May 2024 17:00:00 +0000 https://beincrypto.com/?p=519728 In the digital industry, influencers play a pivotal role in shaping market trends and investor perceptions. These individuals, often with substantial followings on social media platforms, provide insights, analysis, and endorsements that can significantly impact the value and adoption of cryptocurrencies. Influencers bridge the gap between complex technical information and the broader public, making blockchain … Continued

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In the digital industry, influencers play a pivotal role in shaping market trends and investor perceptions.

These individuals, often with substantial followings on social media platforms, provide insights, analysis, and endorsements that can significantly impact the value and adoption of cryptocurrencies. Influencers bridge the gap between complex technical information and the broader public, making blockchain technology and investment opportunities more accessible. Their opinions can sway market sentiment, driving both awareness and investment in all kinds of projects, like BlockDAG Network.

Understanding BlockDAG Network and its Features

The BlockDAG Network introduces an approach to blockchain technology, addressing the limitations of traditional blockchain architectures. Unlike conventional blockchains, which rely on a linear sequence of blocks, BlockDAG (Directed Acyclic Graph) allows multiple blocks to be created and linked concurrently. This parallel structure significantly enhances transaction throughput and scalability, enabling the network to handle a higher volume of transactions without compromising speed or security.

One of the standout features of BlockDAG is its ability to achieve high performance and low latency, making it well-suited for decentralized applications and large-scale cryptocurrency transactions. The network’s architecture minimizes the risk of congestion and bottlenecks, which are common issues in traditional blockchain systems. Additionally, BlockDAG’s design improves security by reducing the likelihood of double-spending attacks, as the structure makes it more difficult for malicious actors to manipulate transaction histories.

Moreover, BlockDAG’s innovative consensus mechanism ensures rapid confirmation times and robust fault tolerance, further enhancing the network’s reliability and efficiency. These features position BlockDAG as a contender to keep an eye on in the blockchain space, offering a scalable and secure solution for the future of decentralized technologies.

The Influence of Key Influencers on the Adoption and Perception of BlockDAG Network

The impact of key influencers on the adoption and perception of the BlockDAG Network has been substantial. Influencers play a critical role in the cryptocurrency ecosystem by providing insights, reviews, and endorsements that can sway public opinion and investor confidence. For BlockDAG, endorsements from prominent figures such as Mechilambre, Clarissa Yorke, ValCryptoG, CGAAPromo, and CryptoKing4Ever have significantly boosted the network’s visibility and credibility.

Mechilambre, with over 100,000 followers, highlighted BlockDAG’s technological advancements, generating widespread interest and engagement. Clarissa Yorke‘s endorsement, reaching her 80,000 followers, emphasized the network’s innovative approach and potential for high returns, resonating well with her audience. ValCryptoG, known for his technical insights, praised BlockDAG’s robust framework to his 50,000 followers, further solidifying its reputation.

CGAAPromo‘s detailed analysis and endorsement reached his 70,000 followers, sparking discussions and increasing awareness about BlockDAG’s strengths. Similarly, CryptoKing4Ever‘s positive assessment to his 60,000 followers highlighted the network’s disruptive potential in the blockchain industry. The collective influence of these key figures has not only increased BlockDAG’s market visibility but also enhanced its perception as a promising and innovative blockchain project.

The BlockDAG Network has recently achieved a remarkable milestone with its presale, selling $30 million worth of BDAG tokens in record time. This success is largely attributed to the influential endorsements from top crypto personalities, who have played a pivotal role in driving the project’s upward momentum and community building.

Their widespread promotion has not only increased visibility but also generated significant investor interest, propelling BlockDAG into the spotlight and setting a promising trajectory for its future development. The viral buzz created by these influencers continues to fuel excitement and confidence in BlockDAG’s innovative technology​.

Conclusion and Future Implications

The influence of top crypto personalities on the BlockDAG Network underscores the significant role that social media and influencers play in the cryptocurrency landscape. Their endorsements can drive substantial interest and investment, accelerating the adoption and growth of innovative projects like BlockDAG.

Moving forward, as BlockDAG continues to develop and expand its capabilities, the ongoing support from these influencers will be crucial in maintaining momentum and attracting a broader user base. The symbiotic relationship between crypto projects and influencers is likely to remain a key factor in shaping the future of the industry.

In conclusion, the strategic engagement with influencers not only validates BlockDAG’s potential but also sets a precedent for how emerging technologies can leverage social media to achieve rapid growth and widespread adoption.

Read About BlockDAG Presale: Website | Presale | Telegram | Discord

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#Breakout2024 – The Year of Radix https://beincrypto.com/breakout2024-the-year-of-radix-tolen-terk/ Thu, 23 May 2024 15:00:00 +0000 https://beincrypto.com/?p=518711 Radix, a “full-stack” Layer 1 network, has been busy building the foundation needed for the next generation of DeFi to thrive. In the past six months, following the introduction of smart contract capabilities with the Radix Babylon Mainnet Upgrade, the Layer 1 protocol has significantly expanded its total value locked (TVL). The flagship initiative of … Continued

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Radix, a “full-stack” Layer 1 network, has been busy building the foundation needed for the next generation of DeFi to thrive.

In the past six months, following the introduction of smart contract capabilities with the Radix Babylon Mainnet Upgrade, the Layer 1 protocol has significantly expanded its total value locked (TVL).

The flagship initiative of Radix’s #Breakout2024 campaign, Project Ignition, boosted Radix’s TVL by 76% within just two weeks of going live. This influx included $10+ million worth of core-wrapped assets into the ecosystem. With a stable TVL level now achieved, the next phase of #Breakout2024 focuses on mass user onboarding and increasing on-chain activity. This goal is set to be realized through their latest initiative, Token Trek.

Token Trek, developed by dmany, is a Web3 community engagement platform designed to attract more users and stimulate on-chain activity. Over $120,000 in rewards are available for exploring the ecosystem and completing Web3 quests.

Momentum on Radix

Token Trek follows the recent launch of Project Ignition in March 2024. Ignition was the first major event as part of the #Breakout2024 campaign, and saw $10+ million in liquidity injected into the Radix ecosystem. Project Ignition aimed  to increase the amount of TVL of major cryptocurrencies such as USD Coin (USDC), Tether (USDT), wBTC, and Ether (ETH) in the Radix ecosystem. 

Within two weeks, Project Ignition resulted in a 76% increase in Radix total value locked (TVL) and a significant increase in on-chain activity on Radix.

Radix increased its total value locked by 76% in two weeks. Source: Radix

Alongside Ignition and  Token Trek, Radix is fostering new integrations as part of #Breakout2024, including LayerZero and Maya Protocol — a cross-chain liquidity and swap protocol that utilizes an innovative cross-chain liquidity mechanism.

The Maya community voted to integrate Radix, with over 95 percent of participants saying yes, demonstrating the excitement about the growth that a Radix integration will bring. This integration will allow for a permissionless flow of assets between Ethereum, Thorchain, Kujira, Arbitrum, Bitcoin, and the Radix network boosting the growth of TVL and users.

Getting started with Token Trek

If you’re new to Radix, Token Trek offers a gateway into its rapidly growing ecosystem. Several projects, like CaviarNine—the leading DEX on Radix—offer their own incentive programs, with liquidity providers potentially earning over $500,000 in $CAVIAR monthly.

Visit the Token Trek page and choose your first quest. As you hit XP milestones, users can claim their $XRD rewards. With more than 20 Radix ecosystem projects participating, you’ll have a firsthand look at the platform’s groundbreaking features, including the Radix Wallet, known for its sleek user interface and robust security measures.

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A Deep Dive Into P2P https://beincrypto.com/a-deep-dive-into-p2p/ Wed, 22 May 2024 12:00:00 +0000 https://beincrypto.com/?p=518793 A look at the P2P exchange market and platforms, pros and cons, and more.  Crypto has become a huge part of our lives over the years, but we still use fiat to pay for most of the services we use in our everyday lives – which means there’s been a demand for easy conversion since … Continued

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A look at the P2P exchange market and platforms, pros and cons, and more. 

Crypto has become a huge part of our lives over the years, but we still use fiat to pay for most of the services we use in our everyday lives – which means there’s been a demand for easy conversion since the dawn of crypto. 

One of the oldest, most trusted and popular ways to exchange coins to fiat out there is as decentralized as the whole crypto universe itself – it’s P2P, or Peer-to-Peer exchange, where users swap directly with each other.

A Quick P2P Market Overview

The properly decentralized P2P approach contrasts sharply with traditional centralized exchanges, where a single entity controls the order book and facilitates trades. P2P platforms empower users with full control over their transactions by allowing them to agree on terms and execute trades directly with each other. 

One of the defining features of P2P exchanges is their reliance on a network of users instead of a centralized system. This not only enhances privacy and security but also aligns with the foundational principles of blockchain — decentralization and user empowerment. Each participant in a P2P transaction uses software that directly connects them with other participants without needing a middleman, which can reduce fees and increase transaction  transparency.

Moreover, P2P platforms often incorporate sophisticated trust and reputation systems that allow users to rate each other based on their transaction history. This feature helps build a community of trusted users and mitigates the risk of fraud. Additionally, many P2P exchanges provide an escrow mechanism, where the cryptocurrency being traded is held by the platform until both parties confirm that the terms of the transaction have been met. This safeguard reassures users and enhances the reliability of trading on these platforms.

The importance of P2P exchanges has grown in regions where access to traditional banking is limited or where financial regulations restrict the use of centralized cryptocurrency exchanges. In these areas, P2P platforms offer a vital service, enabling inclusive participation in the global digital economy. Moreover, the adaptability of P2P exchanges allows them to serve a wide array of markets, catering to a diverse user base with varying needs and trading preferences.

Overall, the P2P market continues to expand due to all the perks it offers, and remains the most popular way to exchange crypto, despite other features being introduced by platforms. 

P2P Services: a Quick Overview

P2P platforms are designed to facilitate direct transactions between ordinary users in the cryptocurrency market. Here’s a closer look at some of the core services provided by P2P platforms:

  • Escrow Services: One of the most critical services offered by P2P platforms is the escrow system. When a trade is initiated, the cryptocurrency is held in escrow by the platform until all parties fulfill their parts of the deal. Only when both the buyer and the seller confirm that the transaction terms have been satisfied does the escrow release the funds. This service significantly reduces the risk of fraud and increases trust among platform users.
  • Reputation and Rating Systems: To enhance trustworthiness, P2P platforms often incorporate user ratings or reputation systems. Users can rate each other based on their experiences after a transaction is completed. These ratings are then compiled into a comprehensive reputation score for each user, visible to other participants. This transparency helps users make informed decisions about whom they choose to transact with.
  • Decentralized Dispute Resolution: Despite the best efforts of participants, disputes may still arise. Many P2P platforms have mechanisms for decentralized dispute resolution where neutral arbitrators or the community itself can get involved to adjudicate disagreements based on evidence provided by the transaction parties. This approach not only helps resolve conflicts fairly but also maintains the integrity of the trading environment.
  • Multi-Currency Support: Most P2P platforms support a wide range of cryptocurrencies and fiat currencies, allowing users from different geographic locations to trade in their preferred currencies. This inclusivity enhances the platform’s accessibility and utility, catering to a global audience with diverse needs.
  • Privacy Protection: In keeping with the ethos of cryptocurrency, P2P platforms typically offer more robust privacy protections compared to centralized exchanges. While users might still need to verify their identity to comply with regulatory requirements, the trading process itself can often be conducted anonymously, with no need for personal information to be exchanged between trading partners.
  • User-Friendly Interfaces: To attract and retain users, P2P platforms strive to offer clean, intuitive user interfaces that simplify the process of trading digital assets. Whether a novice or an experienced trader, the platform’s design ensures that users can navigate their trading environment effortlessly.

These services make P2P platforms an appealing option for users looking for a more personalized and secure trading experience. By combining the traditional benefits of cryptocurrency, like decentralization and privacy, with innovative trust-building tools, P2P exchanges are setting a new standard in the digital trading space.

A Look at the EMCD P2P Exchange

The EMCD platform stands out in the burgeoning P2P market, especially in Eastern Europe, where it has rapidly become a preferred choice for many cryptocurrency users. EMCD originally gained recognition as one of the top mining pools worldwide but has successfully expanded into the P2P exchange domain. Here’s an in-depth look at the unique features and benefits that EMCD offers:

  • Mining Pool Integration: EMCD’s roots in cryptocurrency mining provide a distinct advantage. Users who mine cryptocurrencies directly through EMCD can seamlessly exchange their mining rewards on the platform without needing to transfer their assets to another exchange. This integration simplifies the process, reduces transaction fees, and enhances security.
  • Wide Range of Supported Currencies: The EMCD P2P exchange supports a variety of fiat and cryptocurrencies, including but not limited to the Russian Ruble, Ukrainian Hryvnia, and the Kazakhstani Tenge, alongside major cryptocurrencies like USDT, Bitcoin, Ethereum and Litecoin. This diversity caters to a broad user base and facilitates easier and more flexible trading options across borders. Support for the Georgian lari will be added soon.
  • Robust Security Measures: Given its background in mining and its established infrastructure, EMCD places a strong emphasis on security. The platform implements advanced security protocols to protect users’ funds and personal information. Regular security audits and compliance with the latest cybersecurity practices ensure that the platform remains secure against potential threats.
  • User-Friendly Interface: EMCD’s platform is designed with user experience in mind. The interface is intuitive, making it accessible for both beginners and experienced traders. This ease of use is critical in attracting a broader audience and facilitating smooth transactions.
  • Local and International Bank Integration: EMCD’s integration with local and international banks is a standout feature that simplifies the process of fiat deposits and withdrawals. This service is particularly valuable in Eastern Europe, where users may face challenges with international banking transactions related to cryptocurrency trading.
  • 24/7 Customer Support: EMCD offers round-the-clock customer support to address any issues that users may encounter. Quick and responsive support is essential in the P2P exchange space, where timely assistance can make a significant difference in user satisfaction and trust.
  • Community and Educational Resources: Understanding the complexities of cryptocurrency trading can be daunting for many. EMCD provides extensive educational resources to help users understand market trends, trading strategies, and the basics of cryptocurrency. Additionally, a strong community presence on platforms like Telegram allows users to engage with peers and experts, fostering a supportive trading environment.
  • No Regional Restrictions: Unlike some exchanges that limit access based on geographic location, EMCD offers its services without regional restrictions. This inclusivity ensures that users from various jurisdictions can access the platform, trade, and benefit from its services without hindrance.

The combination of these features makes EMCD not just a platform for trading but a comprehensive ecosystem that supports its users’ needs from mining to trading and learning. As the platform continues to evolve, it aims to maintain its commitment to providing secure, accessible, and user-friendly services, solidifying its position as a leading P2P exchange in the cryptocurrency space.

P2P: Pros & Cons

P2P cryptocurrency exchanges represent a significant shift away from traditional financial systems by decentralizing the control over currency trading. This model has several advantages and disadvantages, which are crucial for traders to understand.

Pros:

Decentralization

  • Direct Transactions: In P2P exchanges, trades occur directly between parties without the need for an intermediary. The platform only facilitates guarantees for transactions, securing them by freezing funds in escrow until the transaction is finalized. 
  • Personal Responsibility: Users have control over their wallets, which minimizes the risk of losing assets to hacks of platforms.

Privacy and Anonymity

  • Confidentiality: P2P platforms generally require less personal information from their users, which can provide higher levels of privacy.
  • Protection from Identity Theft: Reduced sharing of personal details helps protect against identity theft.

Cost Efficiency

  • No Fees: P2P platforms typically have no fees, since they don’t have to maintain expensive infrastructure or pay intermediaries.
  • No Middlemen: The absence of middlemen can further reduce transaction costs, making it more economical for users.

Global Access

  • Inclusive: P2P exchanges can offer services in regions where traditional banking is inaccessible or limited, providing more people with access to the cryptocurrency market.
  • No Geographical Limitations: Users can trade across borders without incurring the high fees usually associated with international transactions.

Flexible Payment Methods

  • Diverse Payment Options: P2P platforms often support a wide range of payment methods including bank transfers, online wallets, and even cash, making them more accessible.

Cons:

Complexity and Usability

  • Steep Learning Curve: New users may find P2P platforms more complex and less intuitive than centralized exchanges.
  • User Responsibility: The need for managing one’s own security can be daunting for some, as P2P does not provide the same level of user support as centralized platforms.

Security Concerns

  • Scam Risks: While escrow and reputation systems help mitigate risk, scams can still occur. Users must be vigilant and prudent in their dealings.
  • Dispute Resolution: Resolving disputes can be more complicated without a central authority to adjudicate conflicts.

Liquidity Issues

  • Variable Liquidity: Depending on the asset and the specific P2P platform, liquidity can be lower than on centralized exchanges, potentially making it harder to complete large transactions quickly.
  • Price Volatility: Lower liquidity can lead to higher price volatility; prices may vary more significantly than on centralized platforms.

Speed of Transactions

  • Dependency on Participants: Transaction speeds depend on the responsiveness of the counterparty, which can lead to delays if the other party is not prompt.
  • Manual Processes: The need to manually find and secure trades can slow down the process, especially for less popular assets or payment methods.
  • Uncertain Regulation: The legal status of P2P trading is still unclear in many jurisdictions, which could pose risks of sudden regulatory changes affecting the ability to trade or withdraw funds.
  • Compliance Requirements: While anonymity is a benefit, it also places the onus on users to ensure compliance with local laws and regulations regarding taxation and cryptocurrency trading.

Conclusion

P2P platforms offer a compelling alternative to traditional and centralized cryptocurrency exchanges, especially for those valuing privacy, lower fees, and direct control over their transactions. However, these advantages come with the responsibility of managing one’s own security and the potential for less liquidity and slower trades.

For many, the benefits of P2P exchanges outweigh the drawbacks, particularly in regions with restricted access to traditional banking services or where users seek to avoid heavy regulation. As the cryptocurrency landscape evolves, the role of P2P platforms is likely to expand, driven by increasing demand for decentralized financial services.

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