Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the ,000 range, Glassnode noted a palpable fear […]
Bitcoin News
Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape
Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at 6.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing by 23,078 ether since April 28, 2024. LSD Protocol Reductions Continue Despite Minor Gains for […]
Bitcoin News
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time frame. From Jan. 6, 2023, to Feb. 10, approximately .196 billion worth of usd coin was redeemed over the past month.
Monitoring the Stablecoin Economy’s Recent Moves Amid 2023’s Regulatory Crackdown
According to current statistics, the entire stablecoin market capitalization lost 5,009,636 in value from Jan. 6, 2023, up until today. A significant portion of the losses can be attributed to the second largest stablecoin by market capitalization, usd coin (USDC).
Data shows that USDC decreased by 4.9% in approximately 30 days, resulting in a loss of 2.196 billion in overall valuation since Jan. 6. Conversely, Tether saw a 3% increase, mitigating some of USDC’s losses in terms of the overall market capitalization of the entire stablecoin economy.
The third largest stablecoin by market valuation BUSD, has shed 0.5% over the last 30 days. Statistics recorded on Jan. 6 indicate that BUSD’s market cap was around .79 billion and today, the current market capitalization is around .19 billion.
The rest of the dominant stablecoins in the top ten standings saw 30-day increases in terms of coins in circulation including DAI, FRAX, TUSD, USDP, USDD, and GUSD. Tron’s USDD jumped 1.3% higher, USDP increased by 3.3%, and TUSD’s number of coins in circulation over the last month swelled by 11.9%.
As of now, the stablecoin economy represents approximately 12.9% of the total crypto economy, and its trade volume accounts for 81.4% of the overall cryptocurrency trade volume. The data suggests roughly 8 out of every 10 trades across the crypto market are conducted using a stablecoin.
Stablecoins have been a part of the cryptocurrency economy for some time, and the dollar-pegged tokens have recently benefited from the crypto economy’s 5% decline after the U.S. Securities and Exchange Commission (SEC) sanctioned Kraken for its staking service.
The future of the stablecoin market and individual stablecoins within it is uncertain, but with ongoing regulatory challenges and trends, it is worth paying attention to. Stablecoins have long dominated in terms of trade volume, but only recently have the number of coins in circulation declined significantly.
What do you think about stablecoin market action lately and the decrease of dollar-pegged coins in circulation? Share your thoughts about this subject in the comments section below.
Why Flux Is Set To Become The Hub For The Web3 Solutions Of The Future
Since its inception, blockchain technology has seen an explosion in products, projects, and use cases and has managed to attract millions of users. However, the industry is dispersed and seems to have lost focus on the problems it tries to solve.
Innovation still runs deep on the blockchain-based industry within a select group of projects with a deeper understanding and vision on the future of its underlying technology: to become the future of the internet. In that sense, the Flux ecosystem has emerged as a tough competitor to become the infrastructure that will support that future.
This suite of decentralized computing and blockchain-as-a-service (BaSS) solutions with similarities to the Amazon Web Service (AWS) is comprised of its own cloud operating system based on Linux called FluxOS, a Proof-of-Work (PoW) utility cryptocurrency, and enterprise-grade server hardware hosting the Fluxnode network and the entire ecosystem.
Every component on the network operates in perfect harmony to create the right incentives that power the Flux ecosystem, mitigate bad actors from attacking it, provide users with an on-chain governance model, and reward miners, node operators and holders.
The Flux ecosystem is one of those projects with a long-term vision of onboarding new users into the crypto space by providing real solutions, a critical infrastructure that can support it, easy interoperable development tools, and a vast inventory of use cases for the benefits of the users. In that way, the project seeks to usher in a sustainable new wave of crypto adoption.
The Flux Ecosystem And Its Advantages Over Competitors
As mentioned, there are many projects trying to tackle different use cases, many more attempting to become the main platform for cloud services and solutions. On Ethereum, many of these projects face limitations in terms of high transaction fees and low scalability.
Other blockchain-based cloud service providers, such as the recently launched Internet Computer (ICP), have complicated nodes mechanism and requirements that users need to fulfill in order to become a network participant. In addition, they are components in these platforms that seem centralized with their ecosystem relying on single points of failure.
The Flux ecosystem eliminates these tradeoffs with an innovative model that allows any FLUX holder that meets the hardware requirements to participate in the network. These users allow Flux to operate as a completely decentralized platform without a single point of attack as its nodes are distributed around the globe. According to Flux’s whitepaper:
With FluxNodes, the goal has always been to have thousands of potential nodes operating on the network, allowing anyone to participate and solve the scalability issue through available raw processing power.
Flux, The Future Of Cloud Services In The Hands Of The People
Flux has already partnered with prominent names to host and decentralize their infrastructure, a trusted partner is the Kadena blockchain who has a long-running partnership with Flux to deliver their infrastructure, blockchains Firo and Presearch have also partnered with Flux.
In addition, Flux supports many other key players in blockchain by helping decentralize their infrastructure, some examples are Coinbase Rosetta, Polkadot and Kusama nodes running on the Flux network.
The Flux ecosystem already host decentralized social media solutions such as an alternative privacy-focused frontend for Twitter and the Dropalo messaging project; its own decentralized cryptocurrency price oracle services, so users can have access to real-world data on the blockchain; a great selection of games and game servers, such as Minecraft servers; and the ecosystem enables interoperable capabilities for users to transact with other blockchains and power their smart contracts.
Furthermore, the Flux ecosystem is run with aid from its community. As the industry enters an era of institutional participation, many in the crypto space fear that Wall Street and other giants could take over and push their own agendas for the detriment of the users. As a community-driven and open-source project, Flux is fully transparent and focused on community empowerment, major decisions are made by the community using the Flux xDAO (decentralized autonomous organization) governance.
In that sense, Flux has gone to great efforts to consolidate its partnerships with global leaders across multiple sectors and become more and more accessible for corporate adoption. This has been achieved while preserving the principles that support the crypto industry at its inception: for users to a role, a voice, and a word at creating the future of the internet.
Image: Pixabay
NewsBTC
FLUX: Restructure the Gaming Ecosystem with Blockchain Technology
Much has been said about ICOs during the course of 2017. Are ICOs key to a successful startup journey? Yes, ICOs are now a huge part of the fundraising landscape, with a similar impact as Venture capital funding. While some beg to differ about the future of the crowdfunding phenomena, one can’t deny the impact it has had on many startups this year.
A successful ICO can say much about the innovative nature of a startup. For instance, a majority of presale participants are industry professionals and seasoned industry investors. This means the product is valuable at face value and can find mainstream applications. That’s seriously easy math.
Case in point is blockchain based FLUX, which announced its token sale on December 10, 2017, and set to end on December 31, 2017. Earlier, the gaming ecosystem successfully closed its presale with over million worth of investment in BTC, ETH, USD, and EUR to successfully gaining recognition as one of the most promising blockchain projects in the gaming industry. The success can be attributed to the implementation of a unique investment system called SICS (Special Investment Control System), which is a personal escrow plan for every person who invests 0 thousand. The plan is a key stepping stone to ensure that all funds collected during the ICO round are correctly applied in accordance with the initial agreement.
FLUX’ concept revolves around creating a unique global gaming ecosystem where players, developers, traders, and the gaming community can convert time spent into gaming token FLUX COIN. The platform also creates a competitive gaming atmosphere that offers a marketplace for games, online streaming, and trading in-game items. Using blockchain technology, gamers, developers and investors will get rewards for matchmaking competitions, trading items on the marketplace and even crowdfunding their own ideas within the platform, in a transparent and automated way. This makes FLUX a good extension to the over 5 billion annual revenue – gaming industry.
The foundation of the FLUX ecosystem is based on introducing support platform which will allow players to compete in games from a list of available games, and earn opponent’s money after a successful win. With the use of smart contracts, the system will be capable of supporting a secure and transparent matchmaking process. Players can use BTC, ETH, LTC, EUR, or Visa/MasterCard payments etc to finance their gaming endeavors online. This will in turn guarantee the player descent earnings, given his/her gaming skills on a safe platform backed by a decentralized system. The platform will be available for Windows, MacOS, Linux, Windows Phone, iOS, and Android.
The 1st stage of the token sale is currently underway, while the 2nd stage will take place during the 1st quarter of 2018. The 1st stage started with a 25% bonus during the first hour, followed by 20% for the remaining part of the day. The bonus gradually reduced to 15% on the first week, 10% during the second week and 5% in the final week. The tokens will be available for purchase against payments in ETH (Ethereum), BTC (Bitcoin), USDT, DASH, ETC, LTC, ZEC, VISA, MasterCard, USD, EUR, and SHAPESHIFT. Of the total amount raised, the FLUX team will control only 15% of the amount to give room for SICS plan holders.
More information about the platform and ongoing token sale is available at – http://flux.fund/
The post FLUX: Restructure the Gaming Ecosystem with Blockchain Technology appeared first on NewsBTC.
The FLUX Gaming Platform Brings Players True Instant Gratification
Tens of millions of dollars spent on studying the psychology of gamer motivation have drawn the same conclusion. Game players are motivated by instant gratification. Winnings, rewards and incentives drive gameplay. It only follows, then, game platforms with the fastest game delivery times, biggest winnings and rewards, and most rapid release of monies will attract the most players. Disclosure: This is a Sponsored Article Instant winnings Welcome to gaming on the Blockchain! All gaming transactions in the FLUX ecosystem-uploading games, playing games and trading in-game items-are facilitated by smart contracts. By replacing the intermediary with self-executing contracts between the game
BitNewz.net
FLUX Gaming – Game Developers and Players Now Own the Game
All game developers want to produce a blockbuster. But as the gaming world knows all too well, the business of creating blockbusters is risky. Players may move in a flash to another game for more challenge and higher rewards. Subsequent releases and new game titles may not attract the fans of the first successful title. Yet owing to the time and effort involved in developing and marketing a game, it takes a game creator a long time to build a portfolio of diversified revenue streams.
Game developers now have an alternative. The FLUX platform provides developers a platform to market games while taking a stake in the entire portfolio of games by investing in the platform. The revenue sharing platform is part of a new generation of mobile game hosts that are reinventing the gaming model on the Blockchain. The decentralized and transparent digital ledger acts as the direct matchmaker between game creators and players, eliminating the high transaction fees of traditional gaming platforms. And since players, traders and streamers can also become investors in the FLUX global gaming ecosystem, and the whole community is incentivized to promote the gaming platform.
Turning game creators into online game owners
The Blockchain gaming model is disrupting the game developer space. Developers are a captive audience to online gaming platforms, which take a large slice of their revenues. The most popular PC gaming platform Steam charges a 30 percent commission. Despite the high fees, the number of games joining Steam increased by 40 percent in 2016. As overall PC game growth declines and the mobile games market grows, the FLUX model is seeking to share that growth with developers and the rest of its ecosystem.
Game developers become investors in the FLUX platform by buying tokens, and therefore can benefit from any increase in future value of the tokens. Developers may also raise funds by launching their own ICO on the FLUX crowdfunding platform. In a unique funding model, developers do not have to wait for a crowdfunding period to be completed to withdraw FLUX coins. Instead, coins may be withdrawn at the completion of predefined stages, such as the game creation or first pilot game.
Incentivizing gameplay and promotion
The FLUX platform serves as a matchmaker for developers and gamers. All transactions take place directly between parties over a transparent smart contract. When revenue-generating actions are completed (a game is uploaded, game/tournament is won, reward bestowed, game item sold), funds can be immediately released. Deposits are accepted in cryptocurrency and standard payment methods, while game transactions and withdrawals are performed in FLUX tokens.
By simplifying transaction management, smart contacts help lower transaction fees. The decentralized FLUX market does not take commissions when competitive games are uploaded in matchmaking sessions or for in-game purchases made over mobile devices. A two percent commission is charged on non-competitive game transactions. Additionally, a one to seven percent commission is charged for each bet placed by a player.
Every person who invests more than 0,000 receives a personal escrow plan called the Special Investments Control System. The FLUX team receives only 15 percent of the allotted budget and will then take partial payments from said budget during the development process. If the investors’ expectations are not met, they can withdraw the funds anytime.
By allowing all participants on the game platform to invest in FLUX tokens, and reap more rewards and revenue, the entire community is incentivized to work harder to promote the game platform and its games. A powerful affiliate marketing feature is the ability to invite other players through the FLUX referral system onto the platform and receive a commission on their gaming sessions. Streamers are also working to promote your games. They can earn FLUX tokens based on the number of views by broadcasting and reposting games on the FLUX Streaming platform, among other incentives. Anyone can earn FLUX tokens by creating and voting on new skins.
The FLUX ICO (FLUX)
Developers and gamers can become investors in the FLUX global gaming ecosystem by buying FLUX tokens in the initial coin offering. Coins will be available at a discount in the pre-ICO period starting on Dec. 1 ahead of the official offering on Dec. 10.
The post FLUX Gaming – Game Developers and Players Now Own the Game appeared first on NEWSBTC.
FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem
FLUX announces the launch of the ICO-campaign of a global decentralized gaming ecosystem based on blockchain technology. This is the first solution on the e-sports market that provides a decentralized interaction of gamers, viewers and the platform itself. FLUX is an ecosystem that provides multi-level interactivity of the gaming process, as well as gives players … Continue reading FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem
The post FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem appeared first on NEWSBTC.
FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem
FLUX announces the launch of the ICO-campaign of a global decentralized gaming ecosystem based on blockchain technology. This is the first solution on the e-sports market that provides a decentralized interaction of gamers, viewers and the platform itself. FLUX is an ecosystem that provides multi-level interactivity of the gaming process, as well as gives players … Continue reading FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem
The post FLUX Announces the Launch of the World’s First Decentralized Gaming Ecosystem appeared first on NEWSBTC.