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QI broke out and try to confirm resistance as support#QI/USDT $QI broke out descending resistance then pumped and broke resistance zone that now try to confirm it as support. if price stay above current support zone, it will head up to resistance zone between $0.188 and $0.2, break this zone will increase price toward next resistance that is the same with parallel descending trend line. If price break down current support it will drop to next support around $0.15 to touch descending line, and then another rise.
by parissap
benqi usdt binance chart 15 minuteColony Raises $18.5M to Accelerate Avalanche App Creation Avalanche funding accelerator Colony is celebrating after raising a whopping $18.5 million in its latest round. The capital raised will be distributed across a range of promising projects currently building on Avalanche (AVAX), and will be used to fuel Avalanche liquidity pools in the coming months. Launched in Q3 of 2020, Avalanche is a layer-1 rival to dominant smart contract and dApp platform Ethereum (ETH). In little over a year, the network rose to 11th spot in the global crypto market cap rankings, while its native AVAX token appreciated over 25,000% in value since time of launch. The latest fund-aising efforts by Avalanche partners Colony are part of the firm’s efforts to foster growth within the blockchain’s burgeoning ecosystem. The capital-raising round was led by the Avalanche Foundation and attracted participation from noted crypto investment firms Shima Capital, GBV Capital, Bixin Ventures, and Hashkey. Funding Avalanche’s Future As mentioned, Colony’s war chest will be directed to promising early-stage projects on Avalanche and used to provide liquidity for the blockchain’s various defi protocols. An index of up-and-coming projects will also be decided by a vote conducted by the Avalanche community, at which point 50% of Colony’s capital will be granted to the best ranked teams and projects. Liquidity pools on Avalanche will receive 30% of the raised capital, while 10% will be staked on the blockchain, and another 10% directed to the top ten projects building on Avalanche, ranked by market cap. The Avalanche community will also gain access to seed and funding rounds of early-stage projects through Colony. Colony CEO Elie Le Rest heralded the partnership with Avalanche, saying that the firm would be sharing deal flow to accelerate further growth for projects building on the blockchain network. Le Rest said: “We are delighted to announce that we’ve established close ties with the Avalanche Foundation itself. We’ll be sharing deal flow to create a more fertile ground for projects building on Avalanche, the fastest, highly customizable, smart contracts platform in the blockchain industry.” Nicolas Lemaitre, General Manager at Ava Labs, added that Colony’s goals were aligned with the “community first” ethos of the Avalanche team. Lemaitre said: "It's great to see Colony seeking to create a decentralized democratic financial ecosystem by giving the community access to early-stage projects in seed and private rounds. This is very much aligned with Avalanche's core value: community first.” DAO Evolution Colony has plans to evolve into a Decentralized Autonomous Organization (DAO) by the mid-point of 2022, and will launch its own subnet on the Avalanche blockchain. Colony will conduct a public token sale by the end of 2021, at which point the project will launch in earnest. Colony’s native CLY token will be used to provide airdrops to those staking their coins on Avalanche, and will be subject to a buyback mechanism. CLY will be the main token in Colony’s pending DAO structure, acting as an investment tool and the primary governance token. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
by bnb_cake_avax_png_matic
1
QI BENQI/USDT price hourly QI Price Live Data The live BENQI price today is $0.240563 USD with a 24-hour trading volume of $130,693,026 USD. We update our QI to USD price in real-time. BENQI is down 13.59% in the last 24 hours. The current CoinMarketCap ranking is #532, with a live market cap of $78,349,407 USD. It has a circulating supply of 325,692,000 QI coins and a max. supply of 7,200,000,000 QI coins. If you would like to know where to buy BENQI, the top cryptocurrency exchanges for trading in BENQI stock are currently Binance, Mandala Exchange, KuCoin, Gate.io, and Bitrue. You can find others listed on our crypto exchanges page. What Is BENQI (QI)? BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets. The team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets. One of the goals of BENQI is to become a cross-chain hub, connecting Ethereum, Polkadot and Binance Smart Chain (BSC) through the Avalanche subnets. BENQI was founded in 2021 with $6 million in backing. Among its strategic investors are Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, Moon Inc. Who Are the Founders of BENQI? Rome Blockchain Labs Inc. is responsible for the development of BENQI. It is an incubator and a software development firm specializing in decentralized finance (DeFi). JD Gagnon is one of the co-founders and CEO of Rome Blockchain Labs. The two other co-founders are Hannu Kuusi and Alexander Shul. JD Gagnon graduated with a bachelor’s degree in commerce in finance and accounting from the University of Alberta in Edmonton, Canada. Before Rome Blockchain Labs, Gagnon has created the Velox algorithmic trading platform. Gagnon is also the founder and CEO of Scotch & Ramen Media, Inc. and CSO of Etheralabs, Inc. Hannu Kuusi has experience building institutional-grade infrastructure for financial technology (fintech) and military applications. Alexander Szul is in charge of managing the development of the BENQI liquidity market platform. What Makes BENQI (QI) Unique? BENQI (QI) claims to be the first DeFi project on the Avalanche platform. It offers DeFi users from congested and centralized networks the option to move and place their unused assets on BENQI with no hurdles and low network fees. Avalanche allows BENQI users to seamlessly and affordably access decentralized financial services and increase control over their strategies. Developers have the option to use BENQI to create financial products using the protocol and transferable revenue tokens. BENQI also aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. BENQI members can withdraw liquidity from the shared liquidity market, borrow from the liquidity market and get a clear view of interest rates. Related Pages: Learn more about Avalanche.
Long
by bnb_cake_avax_png_matic
1
Textbook price action for Benqi a further dive into low cap gem Benqi, a defi platform running on Avalanche (which is a very trendy coin right now and thus infrastructure coins on AVAX will follow) with a market cap of just 180 million usd. As we can see from the price action it has been in an accumulation phase since late August and consolidated beautifully in the lower order block. (brown) It is now starting its first of five impulse waves and right now coiling up for the breakout move beyond the downwards sloping resistance. I expect a move inbound soon beyond the second order block (light brown) towards the 0.618 extension, if it can consolidate in the upper (green) order block; a 250% move is in the making, with a potential towards a 470% breakout. I like low caps! :) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
6