Franklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets to purchase shares represented by BENJI tokens. USDC Conversions Now Available for Franklin Templeton’s Onchain Fund on Benji Global […]
Bitcoin News
Hashkey Enables AVAX Trading For Hong Kong Users – But There’s A Catch
Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange.
Traders Must Meet Million Portfolio Requirement: SFC
On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with trading expected to commence on Thursday, September 28. However, only professional investors or individuals with an investment portfolio worth at least 8 million Hong Kong dollars (equivalent to million), according to Hong Kong’s Securities & Futures Commission (SFC).
Attention #Crypto Enthusiasts! $AVAX @avax will be available on HashKey Exchange.
Deposit and withdrawal are live, and AVAX/USD trading pairs begins on September 28.
Professional investors, this one is for you ! #CryptoAlert
Read more: https://t.co/sKNFHDF6oe pic.twitter.com/ZQpzSmAi39— HashKey Exchange (@HashKeyExchange) September 27, 2023
Bitcoin (BTC), Ether (ETH), and Tether (USDT) are the only cryptocurrencies approved by the SFC for retail trading as of this writing. Meanwhile, other altcoins like AVAX are restricted to professional investors or individuals with a million portfolio.
Since Hong Kong authorized retail crypto trading in August, the Securities & Futures Commission has placed significant restrictions on the operations of exchanges, including Hashkey. For instance, SFC requires users to deposit at least 10,000 Hong Kong dollars (or ,500) during the Know Your Customer (KYC) verification process.
According to CoinGecko data, Hashkey, the first to receive a retail crypto license in Hong Kong, has a daily trading volume of roughly .93 million, which pales compared to its global counterparts. For context, Binance, the world’s largest crypto exchange, boasts a 24-hour trading volume of nearly .9 billion.
AVAX Price Continues Decline In September
Although the listing of AVAX on the Hashkey exchange poses a potential opportunity for increased adoption, it is worth noting that the cryptocurrency’s price has been struggling in recent months. And September wasn’t different for AVAX, as the token lost nearly 14% of its value in the past 30 days.
This continuous decline underscores Avalanche’s overall performance in 2023, which reflects the uncertain condition of the general market. The cryptocurrency has been on an estimated 58% plunge since notching a high of in April.
According to data from CoinGecko, the Avalanche token changed hands for .91, with a 0.31% dip in the last 24 hours. As of this writing, the cryptocurrency has a daily trading volume of 7,251,082, reflecting an 18.4% rise in the past day. Avalanche ranks as the 24th-largest cryptocurrency, with a market cap of over .1 billion.
India and UAE Break Away From US Dollar: Landmark Agreement Enables Trade Settlements in Rupees and Dirhams
In a compelling turn of events this Saturday, India and the United Arab Emirates (UAE) inked a landmark agreement facilitating trade transactions to be settled in their native currencies, rupees and dirhams, instead of relying on the U.S. dollar. India’s prime minister Narendra Modi visited the UAE, where the countries announced the linking of the UAE’s Instant Payments Platform (IPP) and India’s Unified Payments Interface (UPI).
India, UAE Ink Deal for Trade in Native Currencies
India and the UAE signed a memorandum of understanding Saturday to promote trade settlements in rupees and dirhams. Indian Foreign Secretary Vinay Mohan Kwatra said that although short, prime minister Narendra Modi’s visit to Abu Dhabi was a “landmark in the partnership between India and the UAE.” In addition to facilitating trade in both currencies, the countries will link India’s UPI and the UAE’s IPP systems.
“This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic collaboration and will make international financial interactions simpler,” prime minister Narendra Modi said.
Furthermore, both countries announced a plan for the Indian Institute of Technology to establish a campus in Abu Dhabi, partnering with IIT-Delhi. This endeavor aims to strengthen technological innovation ties between India and the UAE. “The manner in which ties between our countries have expanded, you have made a big contribution to that. Every person in India views you as a true friend,” Modi conveyed to the UAE’s president and Abu Dhabi’s ruler, Sheikh Mohamed bin Zayed Al Nahyan.
Before the recent agreement between India and the UAE to settle trade payments in rupees and dirhams, Indian refiners were required to buy U.S. dollars to purchase oil. For approximately 48 years, many international buyers were obligated to pay for Saudi Arabian crude in U.S. dollars. That has been shifting recently. In January, just six months prior, Saudi Arabia’s finance minister Mohammed Al-Jadaan announced the kingdom’s openness to trading in currencies other than the U.S. dollar.
Although the recent agreement between Modi and Al Nahyan simplifies transactions, several Indian refiners had already begun to veer away from the U.S. dollar, opting for the UAE’s dirham when buying Russian crude oil. Among those adopting the dirham were companies such as Reliance Industries, Bharat Petroleum, and Nayara Energy. Initially, there were some stumbling blocks, as reports suggest the State Bank of India (SBI) encountered difficulties with these settlements. However, since February, SBI has successfully been clearing dirham payments.
What do you think about the trade deal between India and the UAE? Share your thoughts and opinions about this subject in the comments section below.
HSBC Enables Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong
Banking giant HSBC has begun letting customers buy and sell bitcoin and ethereum exchange-traded funds (ETFs) that are listed on the Hong Kong stock exchange (HKEX) using its mobile apps. The stock exchange currently has three crypto futures ETFs listed.
HSBC Customers Can Trade Crypto Futures ETFs Using Mobile Apps
Banking giant HSBC has reportedly begun allowing customers to buy and sell bitcoin and ethereum exchange-traded funds (ETFs) listed on the Hong Kong stock exchange (HKEX) through its mobile apps. Chinese reporter Colin Wu tweeted Monday:
HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell bitcoin and ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong.
Wu further noted that HSBC has launched “Virtual Asset Investor Education Centre,” emphasizing: “Investors need to read and confirm the educational materials and risk disclosures in the Virtual Asset Investor Education Center before investing in any virtual assets-related products through HSBC HK Easy Invest app, HSBC HK Mobile Banking app, and online banking.”
Currently, there are three crypto ETFs listed on the Hong Kong stock exchange: CSOP Bitcoin Futures ETF (stock code: 3066), CSOP Ether Futures ETF (stock code: 3068), and Samsung Bitcoin Futures Active ETF (stock code: 3135).
The CSOP bitcoin and ether futures ETFs, which began trading on the HKEX in December last year, track the standardized, cash-settled bitcoin futures contracts and ether futures contracts traded on the Chicago Mercantile Exchange (CME) respectively. The Samsung bitcoin futures ETF was listed in January; it seeks to provide economic exposure to the value of BTC by investing predominately in front-month bitcoin futures on CME.
Hong Kong recently revamped its regulatory framework for crypto in an attempt to become a crypto and innovation hub. The new law went into effect on June 1. The Hong Kong Securities and Futures Commission (SFC) stated that its new regulatory regime “seeks to capture all the dimensions of the public’s interface with virtual assets, providing for investor protection and market integrity while managing key risks to financial institutions.”
Many people were quick to point out on social media that the cryptocurrency ETFs that customers can trade through HSBC’s apps are not spot crypto ETFs. In the U.S., the Securities and Exchange Commission (SEC) has approved several crypto futures ETFs but has yet to greenlight any crypto spot ETF.
Moreover, these crypto ETFs have been available through the HSBC Broking service since they were listed on the HKEX but were not available on mobile apps. HSBC Broking offers ETF trading on the Hong Kong Stock Exchange and other major markets around the world.
Hong Kong is setting itself apart from the United States in terms of regulatory approaches towards cryptocurrencies. While the U.S. SEC has been actively taking action against unregistered crypto trading platforms and securities tokens, including charging Coinbase for violations of security laws, Hong Kong has adopted a different stance. In response to developments in the U.S., Hong Kong legislator Johnny Ng invited Coinbase and other global crypto exchanges to apply for licenses in Hong Kong. The lawmaker stated, “I hereby offer an invitation to welcome all global virtual asset trading operators, including Coinbase, to come to Hong Kong for the application of official trading platforms and further development plans.”
HSBC recently filed trademark applications for a wide range of digital currency and metaverse services. The bank’s CEO, Noel Quinn, however, has said that crypto is not in HSBC’s future. In March, the bank joined the metaverse by partnering with blockchain virtual gaming platform The Sandbox. In May, the Hong Kong Monetary Authority (HKMA) announced that HSBC and 15 other firms have been selected to participate in the first round of e-HKD pilots for 2023.
What do you think about HSBC letting customers trade bitcoin and ethereum ETFs listed on the Hong Kong stock exchange using its apps? Let us know in the comments section below.
Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’
According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature’s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19.
Trezor Adds Coinjoin to Software Suite
Owners of the Trezor T model can now use a new Coinjoin service that was added to the device’s features on Wednesday. Trezor announced in September 2022 that the Coinjoin feature was coming after the company revealed its collaboration with the developers of the Wasabi wallet. Essentially, Coinjoin enables bitcoin users to obfuscate their UTXOs by mixing their funds with a pool of other users. The technology has been available since 2013, and several other blockchains have utilized the scheme to mix UTXOs.
Hardware Wallet Coinjoins.
Coming April 19th, 2023. pic.twitter.com/cVilSYXBBO
— Trezor (@Trezor) April 12, 2023
The use of Coinjoin with the Trezor T model is optional, and a Coinjoin account must be activated in the Trezor software suite. Trezor encourages users to leverage the privacy-enhancing network Tor while using the software. In addition to the network fee, users must also pay a coordinator fee for the Coinjoin service. Trezor is not the only one utilizing the Coinjoin service, as the open-source bitcoin payment processor Btcpay introduced a Coinjoin plugin for merchants at the end of February.
Btcpay also collaborated with the Wasabi developers, and merchants who activate the plugin can mix their UTXOs with other bitcoin transactions. Currently, the Coinjoin feature for Trezor is unavailable on the Trezor Model One, but the company stated that it was testing the idea with the older Trezor device. However, not everyone is pleased with Trezor’s new rollout, as there is controversy associated with Wasabi’s Coinjoin process. This debate has followed Trezor’s announcement and has added criticism to the company’s newly added privacy feature.
There have been speculations that the blockchain analysis company Chainalysis is tracking the Zksnacks Coinjoin coordinator. The Coinjoin feature and a screenshot of Trezor’s commentary about UTXOs used for “nefarious activities” have been criticized for allegedly being contradictory to privacy. Academic research has shown that Coinjoin transactions can be de-anonymized by clustering bitcoin addresses and mapping them to users’ identifications. There is also criticism that Coinjoin coordinators or mixing services may not be trustworthy and can de-anonymize users.
What are your thoughts on Trezor’s Coinjoin feature? Share your thoughts in the comments section below.
New Feature Enables Nigerian Metamask Wallet Users to Buy Crypto Assets Within the App
Metamask users in Nigeria can now directly and instantly buy crypto assets within the mobile app, Consensys and its Web3 infrastructure partner Moonpay have said. According to a Consensys executive, rolling out this feature helps to reduce friction while bringing down barriers that block or stop Nigerians from embracing Web3.
Purchasing Crypto via Instant Bank Transfers
Consensys, one of the leading Web3 firms, has said users of the Metamask wallet in Nigeria can now directly purchase crypto assets within the mobile app. To help it make this possible, Consensys partnered with the Web3 infrastructure company Moonpay. The addition of this feature allows users from the country to purchase crypto assets without having to set up accounts with centralized crypto exchanges.
In a March 21 joint statement, Consensys said the decision to enable direct purchases had been prompted by the very high number of declined or blocked transactions when the method of payment is a credit or debit card. However, using this recently added feature, Metamask users can now use instant bank transfers to purchase crypto within the mobile app and the portfolio dapp (decentralized application).
Simplifying User Experience
Commenting on the addition of the new feature to the wallet, Lorenzo Santos, the senior product manager at Metamask, noted:
This is an essential next step in a critical market that has embraced crypto and Web3 but faces serious challenges when using [the] fiat to crypto on-ramp. We are reducing friction and bringing down barriers to keep supporting Nigerians as they onboard into Web3.
Zeeshan Feroz, the chief product & strategy officer of Moonpay, said the integration makes it possible for Nigerians to fund their self-custody wallet through what he described as “a simplified user experience.”
Meanwhile, the statement also revealed that Consensys and its partner plan to roll out this feature in Kenya, Botswana, and South Africa in the coming month.
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What are your thoughts on this story? Let us know what you think in the comments section below.
Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens
PRESS RELEASE. WATERPORT PLACE, GIB., March 20th, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Technology provider based in Gibraltar, recently announced its utility token IEO, the Damex Token ($DAMEX), which can be used within the Damex App along with other non-fungible tokens (NFTs), to earn rewards for adopting a healthier and more active lifestyle.
Damex announced its token IEO for 19th April. Its utility went live and was tested during the Q1 of 2023, with future developments for both the Damex Token and the Damex App slated throughout the year. The total supply is 370 million Damex Tokens.
The goal of these new offerings by Damex is to encourage users to become healthier individuals while, at the same time, educating them about cryptocurrency and promoting environmental sustainability.
What can users gain in exchange for staking Damex Tokens?
For instance, when a user stakes 5,000 Damex Tokens, they can get access to a VIP Premium membership, as well as enjoy zero exchange fees while using the Damex App. Premium Subscription members can enjoy benefits such as:
- Access to top-tier exercise challenges
- Get a premium member card
- Unlock cash-back incentives on all tiers
- Get early access to new Damex features
During its first round of private sales (Q4 2022) for the Damex Tokens, Damex raised million. During its second private sale (Q1 2023), Damex raised million.
The core Damex Tokens will be created on Ethereum and will then be bridged to other blockchain protocols such as Solana and BSC. Aside from being used for staking and rewards, the Damex Token will allow users to vote on key features within the Damex ecosystem and key features, including Damex Token listing and Damex App features.
Damex also introduces its Buy Back and Burn Programme, where 20% of the profits will be used to purchase the Damex native tokens off the market. The tokens will either be burned or used as incentives for users.
Users can earn rewards when they complete challenges, which will change every three months. Furthermore, the NFT rewards will vary monthly. For example, if a user completes the Marathon challenge with a step goal of 60,000 steps, which is equivalent to the London Marathon, they can receive standard rewards such as 0.10% cash back and 10% off exchange fees. Premium Members can receive 0.15% cash back, while VIP Premium members (5,000 Damex Tokens) can receive rewards, such as 0.2% cash back, free NFT airdrops, and zero exchange fees on the Damex platform.
The Damex Token has received investment from several investors, including:
- CSPDAO
- Cetacean Capital
- Odin Capital
- Funfair Ventures
- Coin IX
- Alpha Praetorium Capital
- Kebblar Capital
- Belobaba
- Catenam Capital
Using the Damex digital asset finance application, users can deposit cryptocurrencies, exchange crypto for fiat currencies, and pay for purchases using their Damex Visa debit cards. The Damex App was launched in its beta version on February 17, 2023, with the initial exchange offering for the Damex Token scheduled for April 19, 2023. The Damex App is currently open in the UK and EEA.
About Damex.io
Damex.io are a digital asset group of companies trading since 2017. Digital Asset Management Limited (trading as Damex or Damex.io) is a Distributed Ledger Technology (DLT) provider that received its Distributed Ledger Technology authorisation from the Gibraltar Financial Services Commission in 2019. The Damex Token is issued by Damex Limited and is registered with the Gibraltar Financial Services Commission for the purposes of its token offering.
Visit www.damex.io to get the latest updates and official information on the Damex Token. Interested individuals can also contact Damex via its social media channels. Telegram: damex_io Facebook: damex.io. Twitter: @damex_io. LinkedIn: https://www.linkedin.com/company/damexio/.
Headquarters: Damex.io, Suite 2.4 & 2.5, Waterport Place, Gibraltar, GX11 1AA
Support Office hours: Monday-Friday, 9:00-18:00.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
ShareRing Enables Direct $SHR Swapping Between BNB Chain and ShareLedger
From September 22, ShareRing app users can directly swap $SHR between BNB Smart Chain and ShareLedger (SLP3) without first converting to Ethereum ERC-20 token.
ShareRing said the decision to slash conversion steps from three to two would drastically boost efficiency, lower the cost of conversion, and save time.
$SHR is native to ShareLedger, a Leased Proof-of-Stake blockchain that’s scalable and energy efficient. Compliant with the ShareRing standard, the token is primarily used to pay transaction fees. However, because the token is cross-chain and can be held in various blockchains, including the BNB Chain, and Ethereum, all $SHR transactions can be tracked on the ShareLedger blockchain. There is a trail that prevents fraud by ensuring a simple and reliable tracking mechanism on the ShareLedger blockchain.
Before this announcement, $SHR token holders were required to shift their BEP-2 token first to the BEP-20 version in the BNB Chain through the non-custodial Binance Wallet. In the second step, they had to move the newly converted BEP-20 $SHR to Ethereum as an ERC-20 token through the Multichain Bridge. Afterward, they had to move them to ShareLedger (ShareRing App) as an SPL3 token.
This three-step procedure was not only tedious but consumed many resources. Notably, there was a risk of users paying high transaction fees when shifting the $SHR token via Ethereum. This is because Ethereum is the world’s most active blockchain that continues to face scaling challenges, forcing Gas fees to outrageous levels. Depending on network activity levels, simple conversions, including transfers, can dent a sender requiring them to pay high fees that they would not otherwise spend in the BNB Chain or ShareLedger.
By eliminating the need to move to Ethereum via the Multichain Bridge, ShareRing is tirelessly continuing with its objective of refining the user experience and working on improving the liquidity of the $SHR cross-chain token. While the Multichain Bridge will continue to serve users wishing to move tokens between Ethereum and the BNB Chain ecosystems, the decision to convenience users wishing to bypass Ethereum when transferring between ShareLedger and Binance is welcomed.
To conclude with this updated swap module there will be faster transactions, cheaper gas fees, improved efficiency when swapping $SHR into SLP3 and usage of EIP712 to sign and verify the approvals on smart contract side. Also, it reduces the usage of centralized database for keeping transactional data and it improves overall performance.
This feature comes amid ShareRing’s drive to build an active, cyclic ecosystem that leverages features made possible by smart contracts and blockchain. ShareRing recently announced the NFT Simple Event feature available on the ShareRing Application designed for organizing and managing events. By integrating NFTs, the host can, in real-time, be assured that attendees are the ones invited, all while keeping their data private.
Hoskinson Celebrates Ethereum Smart Contracts On Cardano, How This Company Enables It
The Cardano smart contract era is closing in, soon the Plutus platform that will host them will be integrated into the mainnet. In that sense, there are many changes and features to be launch on the network.
The inventor of Cardano Charles Hoskinson has been updating the community on the progress made during the smart contract platform test phase. Via his Twitter account, Hoskinson recently celebrated an achievement on an area of focus for the project, interoperability.
Blockchain-based company dcSpark announced that they are developing a “novel sidechain project named Milkomeda”. This interoperable solution will “empower” developers and users with Ethereum Virtual Machine-based sidechains.
Thus, Cardano and other blockchains will be able to onboard Ethereum developers. They will have the capacity to migrate their projects via these sidechains and their alternative virtual machines connected to Cardano and other L1 mainnets. An official post claimed:
(…) for Cardano, Milkomeda will allow sidechains to be deployed that connect directly to the mainchain and use wADA (wrapped ADA) as the asset to pay for transaction fees.
Ethereum smart contracts on Cardano! Glad to see someone getting into that Pond https://t.co/DH9D1v4ahh
— Charles Hoskinson (@IOHK_Charles) August 25, 2021
The company is set out to create incentives for users to try out a new ecosystem and will use “new technology”, the official post claims, such as Wrapped Smart Contracts. Thus, users and developers can leverage Cardano and other networks as “coordination layers”.
In the meantime, a smart contract can be executed on the Milkomeda sidechain without a more complex procedure. The team at dcSpark claimed this mechanism will “bring novel UX to the table for end-users”.
As an example, they said that developers will be able to execute a smart contract on the Milkomeda sidechain directly from the Cardano mainnet. This removes the need for additional platforms or tools, such as wallets. Robert Kornacki, Chief Strategy Officer at dc Spark said:
We believe that providing such flexibility and power to end users will set a new standard for some of the most promising smart contract enabled blockchains and their ecosystems at large thanks to Milkomeda.
From Cardano To A Multichain Ecosystem
The team highlighted that Milkomeda will be first implemented on Cardano under the named M1. This event will create this network’s first sidechain.
It will use wADA as a base asset with existing Cardano stake pool validators also running the Milkomeda validators. Nico Arqueros, CEO at dcSpark, said:
With the initial launch of the protocol and the M1 sidechain we are excited to be a part of bootstrapping Cardano’s sidechain era as a first step for Milkomeda. Furthermore, by bringing a new piece of game changing tech onto the scene, wrapped smart contracts, we are excited to be on the front line pushing the vision of multi-VM blockchain ecosystems and making it a reality.
Arqueros added that the company believes in a future where all L1 blockchains have a coordination layer to strengthen a “diverse ecosystem” with multiple virtual machines. In the future, Solana, Cardano, and many more blockchains could have a bridge supported by their own community.
Hoskinson stressed that interoperability is key to increase blockchain adoption while adding:
(…) we don’t believe there will be ‘one blockchain to rule them all’, and instead value collaboration. When it comes to interoperability and scalability, sidechains are an essential part of our vision for Cardano.
At the time of writing, ADA trades at .75 with a 2.1% profit in the daily chart.
ADA on a rally in the daily chart. Source: ADAUSDT Tradingview
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RenVM Integration Enables Fantom to Provide Superfast Bitcoin Transactions with Lowest Possible Fees
RenVM’s latest upgrade includes support for Fantom’s blockchain, bringing popular crypto-assets BTC, BCH, DGB, DOGE, FIL, Zcash and LUNA to Fantom’s ultra-fast, low fee DeFi ecosystem.
Fantom users enjoy significantly reduced transaction wait times and greatly decreased transaction fees. But unfortunately, users holding native assets on the other major blockchains don’t have that ability, until now. As Fantom’s RenVM integration comes into play, users from other networks can deposit their assets directly to Fantom using RenBridge and enjoy the low-fee, faster transactions ecosystem of Fantom. Users will also be able to directly deposit and withdraw their crypto assets to Fantom’s blockchain without having to go through multiple exchanges. With the integration of RenBridge, DeFi enthusiasts can now add and exchange almost all their assets across multiple blockchains to Fantom and make whatever trades necessary without having to rely on a centralized exchange.
The integration will support BTC, ZEC, BCH, and DOGE right off the bat. Others will go live shortly as the integration develops and expands. This will give users even more ways to use Fantom to build their crypto portfolio and make it work for them. Most importantly, they’ll see their portfolio become quicker, more agile, and more adaptive to changing situations and market conditions.
This also signals a new stage of development for Fantom as a whole. As new partnerships and integrations blossom, Fantom will become ever more prominent in the world of cryptocurrency. As Fantom cultivates more collaborations and gains compatibility with more types of assets, its utility, agility, and overall value will only increase for portfolio holders.
Native REN assets that will be available on Fantom’s blockchain from now
$renBTC | Bitcoin (BTC) on Fantom
$renBCH | Bitcoin Cash (BCH) on Fantom
$renDGB | DigiByte (DGB) on Fantom
$renDOGE | Dogecoin (DOGE) on Fantom
$renFIL| Filecoin (FIL) on Fantom
$renLUNA | Terra (LUNA) on Fantom
$renZEC | Zcash (ZEC) on Fantom
Steps for Users
To take advantage of this new integration, users must add the Fantom Network to their MetaMask using this quick tutorial. Users will then be able to bridge their different currencies and get started making moves.
With this integration still in the early stages, new developments are forthcoming. Expect to see Curve Finance, BadgerDAO, and Varen be included soon.
Looking Forward
As Fantom continues to expand its toolbox, it’s all about giving crypto holders the ability to make the best choices possible for their portfolio. This is a brand-new development on the horizon, and it’s only the beginning. Stay tuned for new assets as they become compatible with the new integration.
About RenVM
RenVM is an open protocol providing access to inter-blockchain liquidity for all decentralized applications. A secure network allows users to exchange, lend, and move their crypto however suits their needs.
To learn more, visit the Ren Project website or check out their RenVM-specific overview.
About FantomThe Fantom Foundation is committed to building open-source, decentralized Dag-based distributed ledgers. Every day, they create fast, secure, and scalable tools relevant across a wide range of industries that allow businesses, organizations, and individuals to develop secure, decentralized applications to solve real-world problems.