Moons are ERC-20 tokens that are rewarded to Reddit users for their contributions to the r/CryptoCurrency subreddit. Reddit initially launched moons on Rinkeby testnet with the plan to migrate over to the Ethereum Mainnet. However, recently, Reddit has announced that Moons will be migrated…
GMX.io is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. It has around 90K total users. This article will give us a complete understanding of the GMX.io platform. GMX.io: Summary GMX.io is…
Futures trading is very popular in the crypto space. Although it was initially offered by well-known centralized exchanges such as Bitmex, Binance, and Bybit. Decentralized futures trading has been getting more attention recently. So today, we will discuss Perpetual protocol,…
Reddit has partnered with FTX to enable users to pay gas fees on transactions using Community Points. As a result of the partnership, FTX Pay will be integrated as a cryptocurrency exchange service, enabling new benefits for Reddit Community Points. Reddit’s new…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
Due to multiple crypto market crashes, the Luna fiasco, and a sudden drop in BTC value. As a result, people find it hard to find profitable opportunities in the crypto space. So here we are back with one of the…
Meta Pool is one of the easiest ways to stake NEAR. It allows token holders to stake and earn rewards and provides an easy way to unstake with no lockup. Furthermore, when users deposit their NEAR tokens into Meta Pool,…
There was a need for a way to confirm transactions without the involvement of centralized financial institutions like Visa or PayPal in the middle. So blockchains use a consensus mechanism, which is a system that allows all the computers in…
Web3 has grown into a network of L1 blockchains and L2 scaling solutions, each with its own set of features and trade-offs. We are finally in a multi-chain market structure. This market structure needs connectivity between these different networks. As…
CakeDeFi is gaining popularity in the cryptocurrency space. It enables anybody to stake their cryptocurrency and begin generating passive income quickly. Today, the platform is most recognized for its easy-to-use design and transparency. Furthermore, CakeDeFi is an innovative concept for…
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