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BFCBTC: breaking through overbuy"What Is Bifrost (BFC)? Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps. With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available. Bifrost has multiple components that allow for a seamless connection among all blockchains: Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility. Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains. Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost. Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain. Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram. What Makes Bifrost Unique? Flexibility: To maximize the potential of the blockchain technology, a superior flexibility that allows users to select and combine blockchains is needed. Bifrost focuses on this flexibility, enabling developers to extract the most from blockchains. Scalability: Bifrost operates with multiple blockchains without any additional abstraction layers, so you can use the features of each blockchain directly. Its flexibility enables you to apply different blockchains best suited to your needs. Interoperability: The value of interoperable blockchain service grows as the blockchain industry grows. On Bifrost, you can build services with countless possibilities for combinations and interoperability, from the start. Full Dev Suite: Bifrost provides a full suite of features to develop and operate your product, including an IDE, monitoring function, and client service such as wallets. What are its use cases? BFC (Bifrost token) is the currency of Bifrost’s multichain ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps, minimizing the cost of gas fees when using multiple blockchain protocols than when using one blockchain. More specifically, they will be required to stake a certain amount of BFC and the fees will be deducted from it. Once the staked amount reaches below a threshold level, they will be asked to purchase BFC to meet the threshold again. The first DApp to be powered by Bifrost is the multichain DeFi platform, BiFi. Using Bifrost’s multichain technology, BiFi can connect directly to multiple blockchains like Bitcoin, Tron, and Klaytn, thereby expanding the DeFi ecosystem currently limited to Ethereum. BiFi will have its own token, BIFI, which will be used for governance and also to pay the fees for using multichain DeFi services. As BiFi's multichain is powered by Bifrost, BiFi will periodically purchase BFC with BIFI and pay it to Bifrost. The development of Bifrost continues, with more features tailored to DeFi DApp development and serving multichain DeFi developers in the future. When DApp sectors like DID, NFT, and Gaming grow, Bifrost will become the preeminent multichain platform from day one. Future DApp developers will be able to customize the combination of blockchains to build more scalable, interoperable, and flexible DApps, and use BFC to power them. How Many BFC Coins Are There in Circulation? A total 4 billion BFC tokens were issued. 256 million BFC tokens are currently in circulation since our Uniswap listing on December 2nd, 2020 at 11 AM UTC. Two rounds of private sales were held in 2018 and 2019, and public sale was held in June 2020. Of the total supply of BFC tokens, 20% is allocated for each of the following: Bifrost Reserve, Ecosystem, and Team. 4% is distributed to investors and the last 10.4% is used for marketing. BFC tokens for the Reserve, Ecosystem, Team, and Advisors will be distributed over a 5-year span, with a 1 year lock-up and a 4-year vesting period. Who Are the Founders of Bifrost? Founded on March 14, 2016, PiLab, a research-oriented software provider, was started by two professors to develop blockchain applications to solve social issues and business problems. In the process, they saw the potential and limitations of blockchain technologies. There were many protocols, all with their own strengths and weaknesses, and no way to combine them. So they created Bifrost, a technology platform that allows developers to easily build on multiple blockchains that truly enables multichain technologies. As the CEO and co-founder of Bifrost, Dohyun Pak has developed and managed complex derivative products for financial institutions in the U.S. and Korea for over a decade. He received his PhD in financial engineering at the University of Michigan, Ann Arbor. Dohyun currently serves as a professor of mathematical finance at Gachon University. JongHyup Lee, CTO and co-founder of Bifrost, currently serves as a professor of mathematical finance at Gachon University. After receiving his PhD in computer science at Yonsei University, he presented his research at top-tier conferences as a post-doctoral researcher under Dr. David Brumley at the CyLab at Carnegie Mellon University. He also co-founded PPP, the leading hacking team in the world. Changhyun Yoo, COO and co-founder of Bifrost, graduated early from Seoul Science High School and went on to study Computer Science at KAIST. He has developed countless financial platforms for leading financial institutions for over a decade. Believing that the future of finance is in blockchain, he co-founded Bifrost, where he steers the diverse talents of the team. Soso, CMO and co-founder of Bifrost, was previously a medical doctor and currently one of the leading cryptocurrency influencers in Korea. His passion for cryptocurrencies and expertise in blockchain led him to found Block Crafters Capital, a blockchain-focused venture capital, where he supported the growth for more than 30 companies. Today, Bifrost is a team of 30 with deep and extensive experience in finance and computer science, from quantitative trading and fintech development, to hacking and network security. Their advisors are from leading blockchain and technology organizations, including Coin Plug, Blockwater Management, Block Crafters, and KAIST Engineering." source cmc
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MTLBTC: breaking resistance"Metal (MTL) is the native currency of Metal products and an essential part of the Metal ecosystem. Sending and receiving any crypto to friends on Metal Pay is, according to the team, instant and feeless. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL. Additionally, Metal Pay users pay substantially less fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created with the goal of being highly useful and advantageous to hold, MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States. On the Metal X exchange, users can reduce fees by paying the fee in MTL. Additionally, users can receive loyalty benefits for holding MTL inside the exchange. Metal (MTL) is currently a cryptocurrency token that operates on the Ethereum platform but it will become available on the native Metal blockchain: Proton. Launching MTL on Proton will open new on-chain utility possibilities for MTL" source cmc
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C98USDT: above the overbuy"What Is Coin98 (C98)? Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming. To learn more about this project, check out our deep dive of Coin98. The Coin98 exchange describes itself as a multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Tron. Coin98 also has a wallet amongst its offerings, which supports over 25 networks on both its mobile and desktop platforms. In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace. In July 2021, Coin98 was a Binance Launchpad project. Who Are the Founders of Coin98? The founders of Coin98 include Thanh Le (early investor in THORChain, Band Protocol, and Alpha Finance) and Vinh The Ngyuyen(Kytek Software). Khiem Dang is the CTO, who is also a co-founder of Kytek Software. What Makes Coin98 Unique? Coin98 describes their project as unique due to the large number of blockchains that it supports. How Many Coin98 (C98) Coins Are There in Circulation? C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is the same as the total supply. The maximum supply of C98 is 1,000,000,000. The tokens are allocated as follows: 21% of tokens go to growing the ecosystem, 20% to developing the community, 20% to the team, 15% for strategic sale, 12% for the treasury, 5% for the seed sale and another 5% for the Binance Launchpad sale, with the last 2% for advisors. For more information about the C98 tokenomics and release schedule, see here. How Is the Coin98 Network Secured? The C98 token is supported on Ethereum, Binance Smart Chain and Solana, and exists as an ERC-20, BEP-20 and SPL. When Will Coin98 Trading Begin? Coin98 trading will begin after the Binance Launchpad sale is completed on July 23. Binance will list Coin98 (C98) in the innovation zone at 12pm UTC on July 23 and allow trading for C98/BTC, C98/BNB, C98/BUSD and C98/USDT trading pairs. Can Coin98 Hit $1? During the Binance Launchpad C98 sale, 1C98 was equal to .0002 BNB. Users online have speculated whether Coin98 will hit $1, but at this time, the coin is trading below $1." source cmc
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FSNBTC: little bro of a cosmosFusion (FSN) bills itself as an all-inclusive blockchain-based financial platform that offers cross-chain, cross-organization, and cross-data source services through smart contracts. The project uses the Hierarchical Hybrid Consensus Mechanism (HHCM), which amalgamates elements from PoW, PoS, and parallel computing with the goal of creating an efficient and safe platform. Notably, Fusion leverages what it dubs 'Distributed Control Right Management' as a security layer that protects cryptoassets on the Fusion blockchain. The distributed storage and sharding of a private key ensures means that no single node can gain control of assets. Fusion also provides for multiple triggering modes, such as time and event-based triggers, into its smart contracts, which were designed to meet the demands of complex financial smart contracts. Fusion is led by Dejun Qian, who also founded BitSE, a blockchain incubator that facilitated the rise of VeChain and QTUM.
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GHSTBUSD: red 9" What Is Aavegotchi Coin (GHST)? Aavegotchi (GHST) is a DeFi-focused non-fungible token (NFT) that runs on the Aave protocol. Simply put, Aavegotchis are game avatars that can be used as DeFi collateral to earn staking rewards. Like CryptoKitties, the tokens have differentiating qualities such as body color and personality. Being a staked asset, its owner can liquidate the tokens at any time. Unfortunately, liquidating the NFTs means you lose your Gotchi. The characters have a pixelated ghost appearance since they follow Aave, which translates to “ghost” in Finnish. The token ticker also cleverly spells out “ghost,” minus the vowel. In November 2020, Aave invested in Pixelcraft Studios, bringing raffles to its protocol. The project’s mainnet launch was scheduled for Jan. 4, 2021, but was pushed to a future date due to high transaction fees on the Ethereum blockchain, where it runs as a side chain. Who Are the Founders of Aavegotchi? A team with vast experience in different fields runs the DeFi project. Coder Dan is its pseudonymous chief executive officer and co-founder. Its other known co-founder is Jesse Johnson. Johnson is also the founder and COO of Pixelcraft Studios and the creator of Bullionix, the first gold-backed NFT collectibles. In the past, Johnson held key roles such as director of business relations/development and manager of international market development in different companies, including China Intop Exhibition Co and ZB Group. The team also includes other pseudonymous members handling critical roles such as art director and Solidity lead. Aave’s founder, Stani Kulechov, is the project’s advisor. What Makes Aavegotchi Unique? Firstly, Aavegotchis are playable assets that also act as collateral on DeFi networks. Unlike other NFTs, they have inherent benefits in the industry where their value surpasses the gaming prospects. To interact with a Gotchi, DeFi users need to stake a select group of tokens known as aTokens such as LINK (aLINK) and USDC (aUSDC) into a Gotchi. Coder Dan notes that the game’s use of aTokens is due to their positioning to earn interests and “the interest accrues natively in your wallet, in real-time.” Apart from earning interest from staked tokens, holders of the platform’s native currency, GHST, are positioned to “win high-end items,” as noted by Johnson. Aavegotchis are tradable on OpenSea and other market places specializing in NFT trading. The project’s revenue comes from fees charged for interacting with mini-games, as well as the sale of consumables and wearables. Aavegotchi banks on what it calls rarity farming. Basically, the rarer the Gotchi, the higher the price it fetches in the market. Moreover, the platform shares part of its revenue with leading rarity farmers." source CMC
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ALICEBTC: weekly buy setup above the resistance"My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds - a fun narrative for regular players who want to enjoy the gameplay experience as well as an ecosystem for players who want to collect and trade Non-Fungible Tokens (NFTs). ALICE is My Neighbor Alice’s native utility token and is used in the following functions: In-game Currency: Purchase assets and special skill sets in the game and in Alice's marketplace. Governance: Participate in the governance process through a Decentralized Autonomous Organization (DAO), with proposals and voting structures (e.g. platform operations and development). Voter incentives will be introduced to encourage voter participation. Staking: Stake ALICE tokens to earn a percentage of platform revenues (e.g. plot sales, asset sales, and transaction fees). Player Incentives: By completing quests in the game, players can earn ALICE tokens. This design is to encourage user participation in the game and to maintain traction." source CMC
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XCHBTC: dumping CHIA is over?Chia was incorporated in August of 2017 to develop an improved blockchain and smart transaction platform. We are building the Chia Network to improve the global financial and payments systems. Chia will be the first enterprise-grade digital money. Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, it was created by Bram Cohen, the best network protocol engineer alive and the inventor of BitTorrent. Chialisp is Chia’s new smart transaction programming language that is powerful, easy to audit, and secure. Reference smart transactions currently available are: atomic swaps, authorized payees, recoverable wallets, multisig wallets, and rate-limited wallets.
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TRUBTC: the end of sell setup by the next candleTrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs. TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.
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CQTBTC: first daily close above the resistance" What Is Covalent (CQT)? Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface. Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT. CQT is the native token of the Covalent Network. It has three primary purposes: CQT is a governance token, whereby token holders vote on proposals to change the system parameters. CQT is a staking asset. Validators will earn fees for answering queries. CQT is a network access token that fulfills data queries for users of the API. Covalent Use Cases The bulk of the use-cases are as-of-yet unknown, and we are constantly surprised at the multitude of ways developers and our partners use the data. Taxes: Every single DeFi action is a taxable event and having access to this data helps firms be compliant. If a trader uses Coinbase, they can quickly download a CSV of their trade data - besides Covalent, there is no such thing for a decentralized exchange like Uniswap or 1inch.\ DeFi: DeFi protocols, such 0x and Zerion to name a few, use the Covalent API to pull real-time, granular blockchain data. What makes the Covalent API such a critical infrastructure piece for these projects is that not only can they pull wallet specific data, but they expand their service to display data across multiple chains. This significantly enhances their product offering and fundamentally improves the user experience. In the case of Zerion, the exact data the DeFi investment dashboard is pulling ranges across multiple chains including Polygon, BSC and Ethereum and includes transactional data, as well a user's token balances, and transaction history. NFTs: As the popularity of NFTs has boomed over the past number of months, it has become increasingly important for NFT projects to be able to provide a means of analysis. Given that the Covalent API provides such, Covalent has become the leading NFT data provider. NFT projects such as ChainGuardains and Ethermon are now using the Covalent API to not only power novel features specific to each project, but to again improve the user experience. DAOs: Reliable and real-time data are critical in making informed decisions, facilitating governance and allowing individuals to invest, consume, and participate in the DAO phenomenon. It should come as no surprise then that DAOs are using the Covalent API. Individuals can use the API to view and examine proposal interactions so that one can understand how active members are in creating proposals and voting on them as well as if members are voting for, or against proposals in general. Who Are the Founders of Covalent? Covalent is built by an experienced team of data scientists and blockchain and database engineers passionate about improving and scaling blockchain technologies. Ganesh Swami, CEO and Co-founder, is a physicist by training and started his career designing algorithms for cancer drugs in the pharmaceutical space. His first company is listed on the NYSE. Levi Aul, CTO and Co-founder, built one of the first Bitcoin exchanges in Canada and was part of the team that built CouchDB at IBM." source CMC
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TVKBTC: monthly global overbuy retest" What Is Terra Virtua Kolect (TVK)? Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments. The Terra Virtua Kolect project raised $2.6 million in three rounds of token sales. Some of Terra Virtua’s partners for creating digital collectibles include Legendary Entertainment and Paramount Pictures. Terra Virtua was formed as a project in 2017, but its utility token TVK only launched on Dec. 16, 2021. Who Are the Founders of Terra Virtua Kolect? Gary Bracey is the CEO of Terra Virtua. Before founding the NFT platform, he worked in the games industry for over 35 years, from companies ranging from Ocean Software to Digimask (which he founded). Bracey has experience in all aspects of video games creation, having worked in video games for Western as well as Asian audiences. Jawad Ashra is a co-founder and the CTO of Terra Virtua. Before joining the platform, he worked in the insurance, energy trading, risk management and mobile applications industries. What Makes Terra Virtua Kolect Unique? Terra Virtua allows users to own digital art that can be experienced both online and through virtual reality, allowing users to enjoy digital assets with friends and trade within the community. The Terra Virtua platform has a trading platform, for the trading and buying of NFTs, a mobile app for using NFTs together with augmented reality, and a PC application for viewing NFTs in 3D environments." source CMC
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