Domain (DMN) news

Vertus (VERT): Making Web3 Accessible on TON

What is Vertus (VERT)? Vertus (VERT) is a next-generation Web3 platform designed to provide users with a seamless entry into the crypto ecosystem. Vertus prioritizes inclusivity, simplicity, and efficiency. It is fully integrated with Telegram, allowing users to mine VERT tokens, manage wallets, and interact with the blockchain without needing additional apps or devices. This integration makes Vertus a game-changer in the Web3 space, as it combines familiar social tools with cutting-edge blockchain capabilities. Who Created Vertus (VERT)? The creators of Vertus remain relatively under the radar. What VCs Back Vertus (VERT)? Vertus has received funding from the TON Foundation. How Vertus (VERT) Works Vertus is a platform designed to be straightforward and accessible. Here's how it works: 1. Mining VERT At the heart of the Vertus experience is the ability to mine VERT tokens. Users simply interact with the Vertus Telegram bot, which guides them through the process. With just one click, mining begins. This streamlined approach eliminates the technical and financial barriers that often deter people from mining cryptocurrencies. 2. On-Chain Transparency Every VERT token is minted and recorded on the TON blockchain. This ensures transparency, as all transactions can be tracked using the blockchain’s public ledger. Users can feel confident knowing that the system is secure and every action is verifiable. 3. Custodial Wallets To make crypto storage easier for users, Vertus has integrated custodial wallets. These wallets are linked directly to users’ Telegram accounts, meaning there’s no need for complicated wallet setups or external software. With the Vertus wallet, users can store, manage, and transfer their VERT tokens easily. 4. User Growth and Referrals Vertus encourages community participation through referrals. New users can join the platform via links shared by existing users, building a network of participants. This not only promotes growth but also strengthens the platform’s community-driven ethos. 5. Scalability and Server Upgrades As Vertus has grown, it has adapted to accommodate its expanding user base. Early on, the platform faced challenges with server capacity due to overwhelming interest, but these issues were quickly resolved with a major system upgrade. Today, Vertus operates on a new domain with improved performance, ensuring a smoother experience for users. VERT Goes Live on Bitget VERT, the native token of Vertus, represents an innovative approach to crypto mining and accessibility on TON blockchain. Built with user-friendliness in mind, Vertus allows anyone to mine and manage VERT directly through Telegram with a custodial wallet, making it ideal for both newcomers and experienced crypto users. Its fully on-chain transparency, coupled with rapid community growth (over 250,000 users in just three days), highlights its adoption and utility potential. Trading VERT on Bitget provides access to this fast-growing ecosystem. With TON's secure, scalable infrastructure and Vertus's intuitive mining and referral system driving demand, VERT could serve as a valuable asset for those seeking exposure to innovative blockchain projects. As Vertus continues to expand its roadmap, VERT trading offers a chance to engage with this emerging Web3 platform. Explore the opportunity today on Bitget. VERT on Bitget Pre-Market VERT is a part of Bitget Pre-Market , a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 20 December, 2024, 9:00 (UTC) Bitget Pre-Market offers flexibility in trading activities with two settlement options: ● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver. ● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute. To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. Get VERT on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Top 10 Largest Crypto Airdrops Up to 2024

Crypto airdrops are a well-known phenomenon, but which ones stand out as the most significant in history? This article will delve into the top 10 largest crypto airdrops, examining their market impact and their role in advancing decentralized finance and Web3 adoption. Whether you're an experienced investor or simply interested in the trends, explore how these airdrops made waves and opened up new possibilities. Kickstart your crypto journey and get a 6200 USDT package gift What Is Crypto Airdrop? A cryptocurrency airdrop is a marketing strategy used by blockchain startups to promote a new virtual currency by distributing free tokens to wallet addresses. This initiative aims to increase awareness and encourage trading of the token, especially when it launches as an initial coin offering (ICO). Airdrops are often announced through websites, social media, and forums, and recipients may need to hold a minimum amount of a specific cryptocurrency or complete certain tasks, like sharing posts, to qualify for the tokens. Top 50 Crypto Airdrops in Crypto History In 2021, 18 of the top 50 crypto airdrops occurred, a significant increase from just 5 in 2020. However, the numbers dropped in 2022 and 2023, with 14 and 13 major airdrops making it into the top 50, respectively, likely due to the crypto winter bear market discouraging new airdrops. The total value of airdrops increased slightly from $7.28 billion in 2020 to $7.46 billion in 2022. Notably, Bonk (BONK) surged to its all-time high in December 2023, becoming one of the top airdrops. In 2023, the total value of crypto airdrops reached $4.56 billion, which is only 61.1% of 2022's value, as many new tokens released during this period have not yet experienced a bull market like those from 2020 to 2022. Top 10 Largest Crypto Airdrops Here are the 10 largest airdrops that have had a significant impact on the crypto landscape. Take a look below. #1: Uniswap (UNI) Uniswap (UNI) executed the largest crypto airdrop in history, distributing $6.43 billion worth of tokens on September 16, 2020, when the token peaked at an all-time high price of $42.88. This airdrop was a significant event during DeFi Summer, reviving interest in the airdrop model first introduced in 2014 with Auroracoin in Iceland. The airdrop targeted early adopters and active users by requiring them to interact with the platform before a specific snapshot date, ensuring that rewards went to genuine supporters of the Uniswap ecosystem. The distribution method was designed to enhance user experience and incentivize further participation, which ultimately increased the platform's user base and transaction volumes. This event boosted engagement with decentralized applications (dApps) and non-fungible tokens (NFTs), promoting innovation within the decentralized finance landscape. The success of the Uniswap airdrop not only solidified its market position but also set a precedent for future crypto airdrops, showcasing Uniswap's commitment to community growth and technological advancement. #2: Apecoin (APE) Apecoin (APE) conducted the second-largest crypto airdrop on March 17, 2022, distributing $3.54 billion worth of tokens when the price peaked at $23.63. The airdrop primarily rewarded owners of Yuga Labs' Bored Ape and Mutant Ape NFTs, allowing them to claim up to 10,950 tokens, valued at $258,737. By selling these tokens at their peak price, recipients could effectively acquire a free Bored Ape Yacht Club NFT, which had an average floor price around $200,099 prior to the airdrop. This strategic distribution aimed to enhance user engagement and expand the ApeCoin ecosystem, with 15% of the total $APE token supply allocated to NFT holders. The demand was met through a dedicated claim page, significantly benefiting the community. The impact of the airdrop was substantial, bolstering the network by attracting new users and increasing token liquidity, which led to enhanced trading volumes and decentralized network growth. By fostering a diverse user base, ApeCoin strengthened its market presence and set the stage for future innovations, emphasizing its commitment to community involvement and advancement within the blockchain landscape. #3: dYdX (DYDX) dYdX (DYDX) executed the third-largest crypto airdrop on September 8, 2021, distributing $2 billion worth of tokens at an all-time high price of $26.80. However, the full value of the airdrop is unlocked over a five-year period, with portions released incrementally. This structure means that while the initial distribution appears significant, recipients will realize the total value over time. dYdX is known for its innovative approach in the decentralized finance (DeFi) space, particularly its focus on margin trading, which allows users to enhance their investment returns. The airdrop aimed to reward user engagement and support, fostering a vibrant community around the dYdX ecosystem. To claim the airdrop, users connected their wallets on the official dYdX site, where they could verify their eligibility based on activity criteria such as holding specific cryptocurrencies or interacting with the platform. The impact of the airdrop was considerable, enhancing user adoption and liquidity within the market. By reaching a broad audience, dYdX increased its visibility and paved the way for future growth. This strategic initiative not only catalyzed user engagement but also reinforced dYdX's position as a leading player in the decentralized finance landscape. #4: Arbitrum (ARB) Arbitrum (ARB), a leading Ethereum Layer-2 solution, executed a major governance token airdrop on March 23, 2023, to promote decentralization and engage its community. The airdrop, valued at $1.97 billion, targeted early adopters and rewarded users based on their activity on the platform. Following the airdrop, Arbitrum experienced a significant surge in users and transactions, establishing itself as the largest Layer-2 network on Ethereum. The total value locked (TVL) in the Arbitrum ecosystem increased by 147.2%, reaching a peak of $3.68 billion. This initiative not only strengthened community ties but also set the stage for future growth and innovation within Arbitrum. #5: Ethereum Naming Service (ENS) The Ethereum Naming Service (ENS) airdropped tokens valued at $1.87 billion to promote decentralization and user engagement. Following a snapshot on October 31, 2021, 25% of the total supply was distributed to holders of “.ETH” domains. Users could claim these governance tokens until May 4, 2022, with allocations based on the duration of domain ownership, expiration times, and engagement levels. The airdrop significantly increased ENS's visibility and encouraged new users to adopt ENS domains, resulting in positive community engagement and discussions. This initiative not only rewarded existing users but also fostered a supportive user base, contributing to the long-term growth and stability of the ENS ecosystem. #6: Internet Computer Protocol (ICP) The Internet Computer Protocol (ICP) Airdrop, conducted in May 2021, was a strategic initiative valued at approximately $1.74 billion, aimed at expanding the network's reach and increasing user engagement. The airdrop distributed tokens to about 50,000 active participants, including those involved in wallet activities and community interactions, with each receiving around 2,513 tokens. This initiative significantly impacted the cryptocurrency community by driving attention, enhancing token liquidity, and promoting a more decentralized network. By rewarding early adopters and fostering a diverse community, the airdrop established a foundation for future governance participation and set a new precedent in the crypto industry, encouraging similar strategies for boosting network engagement and decentralization. #7: Bonk (BONK) The Bonk (BONK) token airdrop, valued at approximately $1.33 billion, ranks as the seventh largest airdrop in the crypto market. Launched in late 2022, Bonk is a meme coin associated with the Solana blockchain that has utilized airdrops to engage and expand its community, achieving notable attention and high market value by December 2023. The airdrop was strategically executed to target various segments of the Solana community, ensuring broad and fair token distribution. Key allocations included 21% for Solana NFT holders, 15% for DeFi users, and 5.3% for validators and developers, reflecting an inclusive approach aimed at fostering community participation. The impact of the Bonk Airdrop was significant, leading to increased activity on the Solana blockchain and higher transaction volumes, especially around listings on major exchanges like Coinbase and Robinhood. This initiative not only enhanced Bonk's market presence but also contributed to greater liquidity and user engagement within the Solana ecosystem, reinforcing its vitality and functionality. #8: Celestia (TIA) Celestia (TIA), known for its innovative modular protocol, is conducting the Genesis Drop airdrop, distributing 60 million TIA tokens to eligible participants. This initiative aims to reward early adopters and increase community engagement within the ecosystem. The distribution targets various contributors, including public GitHub contributors, active users of Ethereum rollups, and stakers or IBC relayers on platforms like Cosmos Hub. Each of these groups will receive 20 million TIA tokens. The airdrop is expected to enhance network activity and trading volumes, promoting greater decentralization and resilience in the Celestia network. Valued at around $0.73 billion with an all-time high price of $13.99, the Genesis Drop is the second largest crypto airdrop in 2023 and does not utilize 'farming' mechanisms, focusing instead on rewarding specific beneficiaries. #9: LooksRare (LOOKS) The LooksRare (LOOKS) airdrop in 2022 distributed around $712 million worth of tokens to eligible users who traded on OpenSea between June and December 2021. Participants could claim up to 10,000 LOOKS tokens by listing an NFT on the LooksRare platform, with distribution amounts based on their trading volumes. The airdrop resulted in a significant immediate impact, boosting the token's value by 180% and generating over $20 billion in trading volume. However, long-term engagement proved challenging, with less than 10% of airdropped wallets remaining active four months later and only 0.2% a year after. This illustrates the effectiveness of airdrops for short-term engagement but underscores the difficulty of sustaining long-term user interest in the crypto market. #10: 1inch Network (1Inch) The 1inch Network (1Inch) airdropped approximately $671 million worth of tokens to users in December 2023, including an additional 15,055,000 1INCH tokens for users of Mooniswap, Uniswap, Gnosis, and Argent. Conclusion These airdrops have not only benefited early adopters but have also shown their promise as instruments for market engagement and expanding networks. As the cryptocurrency landscape continues to change, airdrops serve as an essential mechanism for projects to draw in users, enhance liquidity, and encourage active involvement. By keeping up with these influential events, investors and enthusiasts can gain a clearer insight into how airdrops influence the future of cryptocurrency and decentralized ecosystems. Trade Smarter. Invest Wiser. Grow with Bitget Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Tomarket (TOMATO): The All-in-One Platform for Gaming, Earning, and Trading

What is Tomarket (TOMATO)? Tomarket (TOMATO) is a decentralized platform that offers a combination of gaming, earning, and trading, all integrated into a single, easy-to-use platform. Built on Telegram and using the TON Blockchain, Tomarket aims to simplify the way users interact with blockchain technology by allowing them to game, earn, and trade easily. The platform integrates features like gaming and airdrops, while also enabling users to trade tokens on a DEX. Tomarket offers users access to the growing TON ecosystem—a blockchain network known for its speed and low transaction fees—without requiring them to navigate multiple platforms. Despite its growing popularity, the creators of Tomarket remain unknown. However, the platform has secured backing from some of the most prominent names in the crypto space, including Bitget Wallet and ForesightX. How Tomarket (TOMATO) Works At its core, Tomarket revolves around its users' ability to play games, earn tokens, and trade assets. It is designed to provide a fun and interactive experience while also allowing users to take advantage of blockchain technology to earn real rewards. 1. Gaming on Tomarket Tomarket offers an engaging gaming experience, allowing users to play games and earn tokens directly on the platform. One of the key highlights is the Tomarket Miniapp, which provides users with a streamlined interface to complete tasks, earn tokens, and play games. This miniapp simplifies the user experience, making it easy to participate in the Tomarket ecosystem. A major feature of Tomarket is the Drop Farming Game, where users can actively participate in harvesting TOMATO tokens. In this game, players perform tasks and work towards increasing their earnings in a fun and interactive way. The focus on token harvesting makes it appealing for users looking to maximize their rewards within the Tomarket platform. Additionally, Tomarket is developing a Mystery Game, which will feature hidden rewards. This game is expected to attract even more users by introducing an element of surprise and excitement. The combination of a mystery element and potential rewards makes it a highly anticipated addition to the platform. 2. Earning with Tomarket TOMATO is the primary token used within the Tomarket ecosystem. Users can earn TOMATO in several ways, including participating in games, completing tasks, and engaging in special events like the Super Referral Day and Angels Programme: ● The Super Referral Day: Maximizing TOMATO Earnings: One of the standout features of Tomarket is its Super Referral Day, a 48-hour event where users can earn significantly more TOMATO tokens for referring new users to the platform. Normally, referring a friend would earn a user 2,000 TOMATO. However, during Super Referral Day, this reward is doubled to 4,000 TOMATO. Referring a friend who subscribes to Telegram Premium results in an even larger reward of 40,000 TOMATO, up from the usual 20,000 TOMATO. For those who refer at least three friends during this period, there's an additional benefit; they’ll receive 100% of the TOMATO that their referrals earn from harvesting. ● The Tomarket Angels Programme: The Tomarket Angels Programme is another exciting opportunity for users to contribute to the platform while earning rewards. This program is designed for dedicated community members who are willing to actively participate in growing the Tomarket ecosystem. As a reward for their efforts, participants in the Angels Programme will secure a token airdrop allocation during the TGE in Q4 2024. This is a great way for active community members to get involved while securing a stake in Tomarket’s future success. In addition to referrals and community involvement, Tomarket offers cash rewards for certain activities, providing even more incentive for users to stay active. Besides, Tomarket has introduced a Level System that rewards users for their continuous participation. This system consists of 10 ranks, starting from L1: Clay and progressing through L10: Immortal. Each rank offers increasingly higher rewards, with higher-ranked users receiving more tokens airdropped to them during the upcoming TGE. To level up, users need to accumulate Tomarket Stars, which can be used to upgrade their levels, unlocking better rewards. On top of that, the upcoming Star Airdrop will reward users with tokens for participating in platform activities, offering yet another way to get a token airdrop allocation for the TGE. 3. Trading on Tomarket In addition to gaming and earning, Tomarket is becoming a major player in the trading of new assets, such as Real-World Assets (RWA), crypto bond yield swaps, points, and Pre-TGE tokens. These assets represent a new frontier in blockchain technology, with the potential to grow into a trillion-dollar market. By allowing users to trade these new types of assets, Tomarket is positioning itself as a leader in the Web3 domain for asset trading. With backing from Bitget Wallet and ForesightX, Tomarket has invested heavily in improving its platform’s security, convenience, and features to ensure users have the best possible trading experience. The platform focuses on providing a seamless and secure environment where users can trade these emerging assets, offering value and opportunities for both individual users and project partners. The Hype Around Tomarket’s TGE and Airdrop One of the most highly anticipated events for the Tomarket community is the TGE scheduled for Q4 2024. This event will mark the official launch of TOMATO tokens and their introduction to the market. The hype around the TGE is growing, as community members eagerly await the chance to trade and invest in TOMATO. Alongside the TGE, Tomarket is planning an airdrop, where users who have contributed to the platform—such as participants in the Angels Programme—will receive a portion of the tokens. The Tomarket airdrop listing date is expected to be close to the TGE, with many speculating about the Tomarket airdrop price. With backing from Bitget Wallet and ForesightX, many believe the Tomarket price could see substantial growth after the listing date. There’s also considerable excitement around the Tomarket daily combo, a feature that will reward users for consecutive daily platform engagement. The Tomarket airdrop price prediction varies, but given the platform's success and strong user base, many expect it to perform well on its listing date. Tomarket’s Success and Future Tomarket’s rapid rise in popularity is no surprise, given its ability to seamlessly integrate gaming, earning, and trading in one platform. With over 23 million users, major venture backing, and a growing community, Tomarket has positioned itself as a leader in the emerging field of decentralized asset trading. As the TGE approaches and the platform continues to roll out new features, there’s no doubt that the Tomarket price will be a hot topic among both investors and users. With its unique blend of entertainment and financial opportunities, Tomarket is set to play a significant role in the future of Web3 and blockchain-based platforms. To find out more about Tomarket, please check out: Tomarket’s official website Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

How to Protect Your Funds from Deposit Scams: A Message from Bitget

At Bitget, the security of our users is our top priority. Recently, we have observed an increase in deposit scams in the industry. This issue has been especially prevalent among users in Russia, where scammers are targeting individuals by creating fake campaigns that lure them into making deposits to fraudulent addresses (in this case, the scam address labeled as 'bitgetserver'). In this article, we aim to explain how these scams work, the tactics scammers use, and the steps you can take to protect your funds from such schemes. How the Scam Unfolds It started with a distribution on Telegram claiming to test the TLOS mainnet network and offering a type of airdrop: when a transaction is made, the exchange will increase the transfer amount with a higher-value coin. Users were assured that the transfer was between their own accounts on exchanges. The first small transactions went smoothly, but the bigger one somehow failed to go through. Let's dive into the details. 1. Fake In-App Messages Scammers begin by creating and sharing fake messages that appear to be from Bitget. Using altered images, these messages are designed to mimic official Bitget communications and are shared with Bitget users via unofficial chat channels (Telegram), inviting them to participate in a fraudulent deposit campaign. 2. Scammers Impersonate Bitget Staff Once users engage, scammers contact them directly, claiming to be Bitget staff. They offer users a chance to participate in a supposed "deposit campaign" that promises attractive returns. They also request the user’s deposit address on the Bitget platform, further legitimizing their scheme - Bitget staff will NEVER ask for your deposit address or any personal financial information. 3. Building Trust Through Small Deposits After convincing users to make a small deposit to a fraudulent address (in this case, labeled as 'bitgetserver'), the scammers deposit a slightly larger amount into the user’s Bitget account as a "reward." This tactic is designed to build trust and encourage users to participate further, believing that bigger rewards will follow larger deposits. 4. The Final Scam The scam culminates when users are persuaded to make a significantly larger deposit to the same fake address. Once this juicy transaction is completed, users are unable to contact the "staff" and suffer the loss as the funds have already been withdrawn from the fraudster's account. At this stage, users often realize they have been scammed and reach out to Bitget for help. Our security team takes immediate action, requesting information from the affected users. In many cases, it is confirmed that these scams originated through unofficial communication channels like Telegram, where scammers posed as Bitget representatives and outlined fake earnings schemes. While Bitget takes every scam accusation seriously and works to blacklist scammer addresses, it can be challenging to recover funds sent to fraudulent addresses outside the Bitget platform. The Defense Playbook To help you avoid falling victim to these scams, here is a list of best practices to ensure the safety of your assets: ● Never respond to private messages, do not relax controls, do not proceed if you have any doubts; ● Always confirm deposit addresses and memos directly on the Bitget exchange; ● Seek support through official channels like the Bitget app and Bitget website. Always Verify Deposit Addresses Before making any deposits, ensure that you are using the official Bitget deposit page to verify the correct wallet address and memo if necessary. Never send assets to an address that has not been verified through official Bitget channels. Always double-check URLs and trust only the official Bitget domain: www.bitget.com . Ensure app downloads originate from our official platform. You can also check whether the email, website address, or social media account is Bitget’s official channel by visiting our Bitget Official verification page . Be Wary of Unsolicited Communications Be cautious of messages from individuals claiming to be Bitget staff, especially if they come through unofficial channels like Telegram. Especially those requesting personal or financial information. Note that Bitget representatives will NEVER ask for such details. Avoid Sending Funds to Unverified Addresses If you receive requests to send funds to an unknown address, please be extremely cautious. Sending cryptocurrency to unverified addresses can lead to the permanent loss of your assets. If an offer seems too good to be true, it most likely is a scam! Report Suspicious Activity If you suspect that you have been contacted by a scammer or have encountered suspicious activity, report it to Bitget immediately. Quick reporting can help prevent others from falling victim to similar schemes. As scammers continue to evolve their methods, staying vigilant and informed is crucial. For more information on how to safeguard yourself from fraud, visit our Anti-Fraud Guide. At Bitget, we are committed to transparency and user security, and we encourage all users to take proactive steps in safeguarding their accounts. Stay safe, and always verify before you trust!

Lifeform (LFT): Digital Identity for the Web3 Age

What is Lifeform (LFT)? Lifeform (LFT) is a blockchain platform that offers technologies and services for digital identity management. At the core of Lifeform's offerings are hyper-realistic 3D virtual human avatars, which are NFT-based digital identities that users can access across both Web3 and Web2 platforms. Lifeform's vision is to simplify digital identity management and make it universally accessible. The company aims to replace the outdated username and password system with dynamic, immersive experiences that use animated virtual human avatars. These avatars serve as both authentication credentials and embodiments of users' personalities across various digital realms. Lifeform envisions a future where a single universal ID can streamline access to services, facilitating seamless cross-chain communication and participation in blockchain services. The mission of Lifeform is to empower individuals by granting them control over their digital identities. This includes enhancing the management of digital identities, increasing transparency in asset management, and providing access to financial services across multiple blockchains. How Lifeform (LFT) Works Lifeform offers a range of products designed to revolutionize digital identity and enhance user experience across the web3 ecosystem. 1. Cross-ecosystem Web3 Decentralized Identity Solution Lifeform avatars are NFTs connected to web3 wallets, providing login credentials for any web3 application. This means your experiences and status in one part of the digital world can be used anywhere you need, making interactions more seamless and integrated. 2. Hyper-realistic 3D Virtual Human Avatar Editor The avatar editor allows users to create personal avatars that can look exactly like their real-world selves or any digital version they prefer. These avatars are not just static images; they represent the user's digital identity across different platforms. 3. Connecting to Other Apps and DApps Lifeform avatars act as cross-ecosystem login IDs, enabling users to enter new metaverse worlds and GameFi apps with the same visual identity, status, data, and assets. Additionally, a one-click plugin allows users to utilize their avatars in video platforms like Zoom or TikTok. 4. Lifeform Universal Domain This service offers domain names with the .btc suffix, making it easier to authenticate and position users across blockchain networks. This simplifies the process of remembering and managing multiple identities. 5. DecentraShield This is a decentralized and censorship-resistant naming service that prioritizes privacy and user autonomy. It uses AI to detect potential phishing or scam activities, ensuring safe transactions in high-frequency scenarios. 6. LifeMesh API LifeMesh API provides a suite of APIs for multi-chain domain name mapping, enhancing the wallet transfer experience and offering secure domain-based transaction interfaces. 7. Lifeform Space This feature-rich space centers around domain name accounts rather than wallets. It includes domain ownership, asset management, invitation records, on-chain activity, and social interaction displays. Users can view domain ownership, transaction records, and historical activity, as well as manage and showcase assets and collections. 8. BrandLife BrandLife is a branding service that helps users and projects establish recognizable and memorable blockchain names, enhancing their digital identity within the Web3 ecosystem. 9. EaseLink EaseLink simplifies blockchain interactions by converting complex addresses into easy-to-remember names, improving the overall user experience. It also analyzes cross-chain activity to provide personalized recommendations, encouraging broader engagement with the web3 ecosystem. 10. UniAccess Portal (UAP) UAP offers a universal ID for streamlined access to various services, eliminating the need for multiple logins and identity verifications. 11. LifeGrowth Engine (LGE) LGE leverages Lifeform's existing user base to drive organic growth and enhance the value of the ecosystem through network effects. LFT Goes Live on Bitget Through hyper-realistic 3D avatars, cross-ecosystem identity solutions, and a range of supportive products, Lifeform is making digital identity management more secure, accessible, and engaging. As Web3 continues to grow, Lifeform's vision and mission to empower users and simplify digital interactions are more relevant than ever. Trade LFT, the native token of Lifeform, on Bitget today to be a pioneer of digital identity on Web3. LFT is listed on Bitget under the name LIFEFORM. How to Trade LFT on Bitget Listing time: May 16, 2024 Step 1: Go to LIFEFORMUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading . Trade LIFEFORM on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

The Future of Cryptocurrencies

In the rapidly evolving financial landscape, cryptocurrencies are undergoing a status change from a niche interest to a global phenomenon, challenging traditional notions of currency, assets, and value storage. This paradigm shift, led by Bitcoin, is redefining the very fabric of what constitutes money, assets, and stores of value. At the forefront of this financial revolution is El Salvador, the first country to accept Bitcoin as legal tender, setting a precedent for the future role of digital currencies. Cryptocurrencies As An Asset Traditionally, an asset class is characterised by its ability to generate returns, preserve capital, and hedge against inflation. Bitcoin, the flagship cryptocurrency, emerged as a response to the 2008 financial crisis, blending these characteristics with the added dimensions of digital scarcity and technological innovation. With its capped supply of 21 million coins, Bitcoin exemplifies digital scarcity, mirroring the supply limitations of precious metals like gold. Institutional investors and corporations are increasingly integrating cryptocurrencies into their portfolios, recognising their potential for high returns and diversification. This shift towards mainstream acceptance is a testament to the growing recognition of cryptocurrencies not just as speculative instruments but as legitimate assets. The Superior Store Of Value The concept of a store of value evolves as society does. The digital age demands a store of value that transcends traditional boundaries, offering global accessibility, security, and resistance to inflation - and cryptocurrencies, powered by blockchain technology, provide the answer. With their global accessibility, security features, and immunity to traditional banking system failures, crypto offer an alternative to traditional stores of value like gold. Central banks and governments can control gold prices by buying or selling large quantities of gold and, and thereby single-handedly influencing supply and demand dynamics. Furthermore, currency manipulation, i.e. altering the value of the currency in which gold is priced (usually the U.S. Dollar), can affect gold's affordability on the global market and, as a result, its prices. Cryptocurrencies, on the other hand, can remain relatively unsusceptible to market manipulation through decentralisation, transparency, and widespread participation. Decentralisation ensures that no single entity controls the cryptocurrency network, making coordinated manipulation efforts more challenging, while blockchain technology promotes transparency in the form of a public ledger, allowing for easy detection of suspicious activities, and its cryptographic security prevents unauthorised alterations. The fact that anyone from anywhere can buy and hold their cryptocurrencies in their wallets removes the restrictions on who can enter these markets, hence a higher degree of participation, which should safeguard crypto against any manipulator. It's worth mentioning that Bitcoin value appreciation is totally unparalleled: even in 2020 at US$10,000, its purchasing power already outpaced fiat currencies, for example U.S. Dollar - the world's reserve currency. Source: The Bitcoin Standard: Central Banking's Next Frontier Cryptocurrency As A Currency: The El Salvador Experiment El Salvador's bold move to make Bitcoin legal tender in September 2021 marked a significant milestone in the history of cryptocurrencies. This decision was not merely symbolic; it was a practical step toward financial inclusion for 70% of Salvadorans who lacked access to traditional banking services. Their "Bitcoin Law", passed in June 2021, allows the largest cryptocurrency to be used for any transaction within the country, including paying for goods and services, taxes, and other financial obligations. The quintessential role of any currency is to facilitate transactions. Cryptocurrencies, by design, excel in this domain, offering a technology that simplifies transactions. With Bitcoin, transactions are now made quickly, without the need for a bank account, and at a fraction of the cost of traditional remittance services. This is significant as remittances constitute a considerable portion of the El Salvador's GDP. Since Bitcoin is recognised as a currency, transactions made in Bitcoin are exempt from capital gains tax. This is particularly beneficial for investors and Bitcoin holders in El Salvador, for it removes the tax burden associated with the appreciation of Bitcoin's value when it is exchanged or used for purchases. This supports the notion of Bitcoin being a prominent store of value in that crypto are not subject to the whims of government policies or tied to the economic performance of a single nation, which means Salvadorians now have access to an asset that transcends national borders and traditional banking systems and frees them from impacts of inflation and economic instability. The adoption of Bitcoin in this country addresses another critical aspect of a currency: acting as a medium of exchange. The government launched the "Chivo Wallet," with which users can convert Bitcoin to the US-Dollar (the other official currency in El Salvador) and vice versa, withdraw cash from ATMs, and make purchases. This digital infrastructure supports Bitcoin's use in everyday transactions, both at local vendors and international chains. El Salvador's unique position as a Bitcoin-friendly country has attracted tourists and investors interested in cryptocurrencies, leading to an increase in Bitcoin transactions within the tourism sector and international business dealings. The Bitcoin Law aims to promote financial inclusion by providing access to financial services through Bitcoin to the significant portion of the Salvadoran population that does not have traditional banking access so as to increase participation in the economy and improve the overall financial well-being of the populace. This experiment also exploits the potential of using cryptocurrencies as a medium of exchange and to attract foreign investors, crypto entrepreneurs, and fintech startups. This influx of investment can spur economic growth, job creation, and technological innovation. The Salvadoran experiment is a real-world laboratory, offering valuable insights into the challenges and opportunities presented by cryptocurrencies. Issues such as volatility, technological barriers, and regulatory concerns are part of this learning curve. However, the potential benefits, including increased financial autonomy, reduced reliance on remittance fees, and enhanced economic inclusivity, present a compelling case for the future role of cryptocurrencies. Final Words El Salvador's pioneering role in cryptocurrency adoption has already been closely monitoring by nations and financial institutions worldwide. The successful integration of cryptocurrencies as an asset, store of value, and currency could pave the way for broader acceptance and gradually reshape the world as a place where digital and fiat currencies coexist and complement each other. As we venture into this uncharted territory, cryptocurrencies will most likely continue to challenge and redefine our understanding of money, value, and financial sovereignty. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

How to Complete KYC on Bitget: Securing Your Digital Finance Journey

In an era where digital finance is rapidly transforming the way we transact, one might ask: How essential is the Know Your Customer (KYC) process for trading on leading platforms like Bitget? The answer lies in understanding the pivotal role KYC plays in securing digital transactions and maintaining the integrity of financial platforms. This process, while seemingly bureaucratic, is a cornerstone of modern financial security measures. Let’s delve into why KYC is indispensable and how it benefits users of Bitget. Why is KYC Critical? KYC stands for ‘Know Your Customer’, a verification process that uses government-issued ID documents to confirm the identity of users. At its core, KYC serves as a robust defense against fraud, identity theft, and illegal financial activities. By verifying the identities of its users, Bitget ensures a secure trading environment, mitigating risks and fostering trust among its user base. This process is not merely a regulatory compliance checkbox but a fundamental layer of security in the digital finance ecosystem. The rationale behind KYC is straightforward: in a domain vulnerable to cyber threats, establishing and verifying the identity of each user is imperative. It’s a strategy that protects both the users and the platform, aligning with global efforts to enhance online security and combat financial crimes. How to Complete Your KYC Step 1: Log In or Register on Bitget Before you begin the KYC process, you must have an active account. If you're not already a Bitget user, please create your account first. This is the foundational step that enables you to access the range of services offered by Bitget. Step 2: Start the Verification Process Once you're logged in, direct your attention to your profile icon at the top of the page. Click on 'Unverified'—this label indicates that you have not yet completed your KYC process. Take a moment to understand the benefits of verification presented to you, and when you're ready, click 'Verify' to proceed. Step 3: Enter Your ID Details In this critical step, you'll select your country or region of issuance and the type of ID you wish to use for the verification. Bitget provides an accommodating verification process, including a mobile-friendly option. If you opt for mobile verification, simply use the Bitget app to scan your ID documents efficiently. Step 4: Upload Your ID Documents Your next task is to provide clear, high-resolution images of your ID. This includes pictures of both the front and back of your Identity Card. These images are crucial for confirming your identity, so ensure they are of excellent quality and free from obstructions or glare. Step 5: Take a Selfie Now, it's time to authenticate your identity further with a selfie. Enable camera access on your device and capture a photo of yourself. This image should be sharp, well-lit, and adhere to the provided guidelines to ensure a swift verification process. Step 6: Submit and Await Verification After you've meticulously completed the previous steps, submit your KYC application. Bitget prioritizes efficiency in its verification process, generally reviewing submissions within an hour. Once your KYC is approved, you'll be equipped to engage fully with Bitget's trading features. By following these detailed instructions with precision and care, you'll navigate the Bitget KYC process successfully and unlock the full potential of your trading experience. Remember, this is a crucial step in safeguarding your account and enhancing your trading capabilities. Bitget Sets New KYC Standards for Safer Trading Bitget, the leading cryptocurrency derivatives and copy trading platform, has introduced mandatory Know Your Customer (KYC) requirements. Starting September 1, 2023, Bitget mandates that all newcomers undergo KYC verification immediately upon registering. This rigorous policy extends to existing users as well, who were given until September 30, 2023, to align with the new KYC directives. To further secure its platform and protect against illicit activities such as money laundering and the financing of terrorism, Bitget has adopted a tiered approach to KYC verification. This system comprises Level 1 and Level 2 verifications, each unlocking additional privileges within the Bitget suite of services—ranging from earnings and spot trading to futures and copy trading, as well as access to launchpad projects. As of September 1, 2023, all new users are obligated to complete Level 1 KYC to enjoy Bitget's offerings. Those neglecting this requirement face stringent limitations, including the inability to initiate new trades. Bitget's unwavering commitment to adhering to AML and KYC regulations not only enhances security but also fosters trust and transparency with its partners, aligning perfectly with global compliance standards. Not yet a Bitgetter? Register with us today!

What is TokenFi (TOKEN)? Decoding the Next Big Wave in DeFi and Asset Tokenization

What is TokenFi (TOKEN)? TokenFi (TOKEN) is the latest platform within the Floki ecosystem, designed to democratize the process of tokenizing real-world assets, making it accessible to a broader audience without the need for specialized coding skills. Originating as a project under the Floki DAO and driven by the Floki Core Team, TokenFi has rapidly gained attention for its user-friendly interface and powerful features, which have significantly impacted the Floki token's market valuation and overall ecosystem. The platform's inception was aimed at distributing TOKEN crypto rewards to the Floki community, which subsequently led to a remarkable $100 million increase in FLOKI's market capitalization. In early March 2024, DWF Labs invested $10 million in TokenFi to support its AI initiatives, resulting in a 50% increase in the TOKEN price, which nearly reached 9 cents. TokenFi stands out in the decentralized finance (DeFi) space for its commitment to simplifying the tokenization process, thereby fostering greater inclusivity and innovation in the blockchain sector. How does TokenFi work? TokenFi operates as an integral component of the Floki ecosystem, offering a streamlined and accessible platform for asset tokenization. Its primary aim is to democratize the blockchain technology landscape, enabling users from various backgrounds to participate without the need for deep technical knowledge. Token Creation and Launch Token Launcher: The cornerstone of TokenFi is its Token Launcher, which empowers users to create their own ERC-20 and BEP-20 compliant tokens. This tool is designed for ease of use, allowing individuals without any coding expertise to generate and customize their tokens, adjusting parameters such as supply, name, and symbol to fit their project's needs. TokenFi Launchpad: Beyond token creation, TokenFi provides a Launchpad, a platform that facilitates the fundraising process for new projects. It manages the intricate aspects of token sales, ensuring that projects can raise capital in a structured and secure environment. This feature is particularly beneficial for startups looking to enter the blockchain space without the technical overhead. Asset Tokenization RWA Tokenization Module: TokenFi plans to introduce a Real-World Asset (RWA) Tokenization Module, enabling users to convert tangible assets like artwork, real estate, or commodities into digital tokens. This process not only broadens the scope of assets that can be integrated into the blockchain but also enhances liquidity and accessibility for such assets. Security and Compliance AI Smart Contract Auditor: Recognizing the critical importance of security in the blockchain domain, TokenFi is developing an AI-powered Smart Contract Auditor. This tool aims to scrutinize smart contracts associated with token launches, identifying vulnerabilities and ensuring compliance with best practices, thereby bolstering trust and reliability in the ecosystem. Community Engagement and Incentives Referral Program: To foster a vibrant community and encourage widespread adoption, TokenFi features a referral program that rewards users for introducing new participants to the platform. Staking Rewards: In alignment with its goal to create a synergistic relationship with the Floki ecosystem, TokenFi offers TOKEN cryptocurrency as a staking reward for FLOKI holders. This mechanism not only incentivizes the holding of FLOKI tokens but also integrates the broader community into the TokenFi ecosystem. Market Accessibility: TOKEN, the native currency of TokenFi, is made available on various decentralized and centralized exchanges, ensuring that users can easily acquire and trade the token, thereby enhancing its liquidity and market presence. What is TOKEN? TOKEN serves as the primary utility token within the TokenFi platform, playing a crucial role in its ecosystem. It is designed to facilitate various transactions on the platform, with a unique mechanism where a portion of successful transaction fees is utilized to automatically purchase and burn TOKEN. This process introduces a hyper-deflationary aspect, aimed at enhancing its value over time as the platform gains wider adoption. TOKEN has a total supply of 10 billion tokens. The tokenomics of TOKEN are structured to support a sustainable and balanced ecosystem. The distribution and emission of TOKEN are planned, with a portion of the tokens used for user incentives. These incentives are distributed over a 48-month period, ensuring a steady yet controlled release that aligns with the platform's growth and user engagement levels. This approach mitigates the risk of significant token dilution, maintaining the token's value and stability for holders and users within the TokenFi ecosystem. Final Thoughts In summary, TokenFi's approach to democratizing the tokenization process is comprehensive and multifaceted. By offering a suite of tools that simplify token creation, ensure security, and facilitate integration into the broader ecosystem, TokenFi is not just making tokenization accessible to everyone; it's paving the way for a future where digital assets play a central role in our financial systems and everyday lives. Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

Bitcoin's Next Target: $100,000

As Bitcoin passes the $70,000 mark and keeps reaching new heights, there's a lot of excitement about its future. People from different areas are showing more interest in Bitcoin, making it a crucial time for this cryptocurrency. Through technical analysis and observation of market sentiment, we're going to look into whether Bitcoin could go over $100,000 soon and what that would mean for the world of cryptocurrencies. The Path to $100,000 From a technical analysis point, Bitcoin's trajectory exhibits a robust upward momentum. The recent months have witnessed a consistent price elevation, interspersed with periodic corrections and recoveries. The big moment was when it went past the $70,000 benchmark, setting a new record. This isn't just about numbers – it shows that people are really starting to believe in Bitcoin. The fervor extends to the derivatives realm, with a notable surge in optimistic bets in the options market, predicting Bitcoin's climb beyond $80,000 and even $100,000. Data shows that the open interest in call options with strike prices of $80,000 and $100,000 has increased by about 12% each after Bitcoin broke through $70,000, signaling sustained bullish sentiment. Interestingly, the volatility and leverage in the options and futures markets are low, indicating that last Friday's price increase was primarily driven by demand in the spot market. Retail investors tend to buy tokens in the spot market rather than using derivatives. Source: Coinglass From a technical indicator perspective, the Moving Average Convergence Divergence (MACD) shows a clear upward trend, indicating that buying pressure remains strong. Meanwhile, the Relative Strength Index (RSI) is in overbought territory, indicating that market sentiment may be overly optimistic. However, this does not rule out the possibility of Bitcoin continuing to rise, as in such cases, the overbought condition may persist for some time. Daily Average Purchase: 4,000 Bitcoins The advent of Bitcoin spot ETFs this January ushered in a deluge of capital inflows - underscoring a burgeoning demand. According to Mark Connors, research director at cryptocurrency asset management company 3iQ, since their launch in January, these new ETFs have been buying an average of 4,000 Bitcoins every day - far exceeding the 900 Bitcoins created by the Bitcoin network every day. With Bitcoin halving expected to occur this April, Bitcoin is expected to see more supply shortages this year. After halving, the daily supply of new Bitcoins will decrease from 900 to 450. Connors' company's fundamental target is for Bitcoin to reach $110,000 in 2024 and $140,000 in the following year. The company believes that if FOMO sentiment is added, Bitcoin will reach $180,000 this year and $450,000 in 2025. Galaxy Digital's research director, Alex Thorn, said, "Bitcoin is currently one of the scarcest assets in the world and is becoming increasingly scarce." Why $100,000 Matters If Bitcoin hits $100,000, it's a big deal. It's a symbolic marker enhancing Bitcoin's gravitas, beckoning a broader investor demographic to the crypto domain. This ascension underscores a 'Matthew Effect,' magnetizing a burgeoning investor base, thereby catalyzing the digital currency's mainstream adoption. In summary, reaching $100,000 would signify a new chapter for Bitcoin, showing it's a strong and growing part of the financial world. Even with all the excitement, it's smart for investors to remain cautious and closely monitor market changes. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

The Pre-Halving Surge: Bitcoin Hits $65K, Approaching Its All-Time High

In early March 2024, Bitcoin's surge to $65,000 has captured the attention of investors and enthusiasts alike. As we approach the much-anticipated Bitcoin halving event, the market is buzzing with speculation and analysis. This article delves into the factors driving this pre-halving surge, exploring the underlying dynamics and what they could mean for Bitcoin's future. Understanding Bitcoin Halving Bitcoin halving is a fundamental event that occurs approximately every four years, reducing the reward for mining new blocks by half. This mechanism is designed to control the supply of Bitcoin, introducing a deflationary aspect to its economy. The next halving, expected in April 2024, is particularly significant as it will further constrain the already limited supply of Bitcoin, with more than 19 million of the total 21 million Bitcoins already mined. Learn more about the Bitcoin Halving and its impact on the crypto market with our latest articles: Bitcoin Halving 2024: Top 10 Burning Questions Answered Bitcoin Halving: Will We Land on the Moon? Countdown to Bitcoin Halving 2024 Experts believe that halving events are generally bullish for Bitcoin, as they reduce the rate at which new coins are generated, thereby limiting supply. If demand remains constant or increases, the price is likely to rise. Historical data supports this view, with signific ant price increases observed after previous halvings. For instance, post the 2016 halving, Bitcoin's value soared from about $650 to peak near $20,000 in 2017. Similarly, the 2020 halving saw the price escalate from around $8,600 to highs of $69,000 by 2021. History of BTC Price Source: Techopedia The Current Surge The recent surge to $65,000 is seen as a prelude to the halving, with investors anticipating a reduction in supply and potentially higher prices in the future. This bullish sentiment is further bolstered by sustained on-chain activity growth and positive market structure updates. Bitcoin (BTC) Price in 2024 Source: CoinMarketCap One of the notable developments is the rise of ordinal inscriptions and their impact on the Bitcoin network. These Non-Fungible-Token-like collectibles have generated significant transaction fees, providing an additional revenue stream for miners. As of March 2024, over 60 million assets have been inscribed, demonstrating the vibrant activity and innovation within the Bitcoin ecosystem. Bitcoin Ordinals Inscriptions Analysis Source: Dune Moreover, the adoption of Bitcoin ETFs has introduced a new demand source, potentially mitigating sell pressure and supporting higher prices. The approval of spot Bitcoin ETFs in the United States has been a landmark development, attracting significant capital inflows and indicating a maturing market. Looking Ahead: An Opportunity Not to Be Missed While the excitement around the halving and recent price surge is palpable, it's essential to remember that Bitcoin's price is influenced by a myriad of factors. While halvings have historically been associated with price increases, they are not the sole determinant of Bitcoin's value. Unlock the secrets of Bitcoin's value and price dynamics with our comprehensive guide: Bitcoin 101: Bitcoin Value and Price. Investors and observers will be closely watching the market dynamics as the halving approaches, analyzing how reduced supply interacts with demand and other macroeconomic factors. The broader economic context, including inflation rates, monetary policy, and global financial stability, will also play a crucial role in shaping Bitcoin's trajectory. Bitget's Bitcoin Halving Countdown: An Essential Tool for Savvy Investors Are you ready for the next significant event in the cryptocurrency world? Bitget's Bitcoin Halving Countdown is designed to assist investors in preparing for the upcoming Bitcoin halving. It provides a real-time tracking feature, enabling users to monitor the countdown closely. In addition, the platform offers analytical insights based on previous halving events and a wealth of educational resources. These tools are tailored to aid investors in making well-informed decisions, ensuring they are fully equipped to navigate this pivotal occasion in the digital currency domain. Ready for the next big milestone in crypto? Click here to join Bitget's countdown to the Bitcoin Halving and be part of a moment that could redefine the digital currency landscape At Bitget, we offer a comprehensive resource with real-time updates, in-depth analysis, and educational content. By analyzing past trends and market behaviors associated with previous halvings, Bitget provides users with a clear understanding of the potential implications for Bitcoin's value. Moreover, the platform includes predictive analytics and future projections, offering a forward-looking perspective that can be crucial for strategic investment planning. Whether you're a seasoned investor or new to the crypto space, Bitget's Bitcoin Halving Countdown offers valuable insights and resources to help you capitalize on this key milestone in the cryptocurrency landscape. Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.