Towards the end of December, 222 million 1INCH tokens are unlocked. However, one of the biggest altcoin projects in the market is preparing to introduce its own social media platform.
Here are the hottest news from the altcoin market
- Coinbase, the largest US cryptocurrency exchange, announced the listing of Aavegotchi (GHST) and Litentry (LIT). After the announcement, the prices of the two altcoins also started to rise. cryptocoin.comWe have given the details in this article.
- Waves (WAVES), in a new announcement in December, promised to launch the Power DAO in 2023. In this way, the Waves team aims to bring the management of Power Protocol transparent and community oriented. In the meantime, a clear date has not yet been revealed about the airdrop to be distributed over the POWER token.
- Circle, the company behind the USDC stablecoin, announced that it has terminated its agreement with the SPAC Concord Acquisition. Executives at both companies reported that the merger and public listing process has ended. Termination of the deal resulted as the SEC has not yet enacted the business registration statement.
- DeFi platform 1inch Network (1INCH) will unlock 222,187,500 tokens by the end of December. That’s 14% of the current 1INCH supply. The tokens are now free with the end of the vesting program.
- Gaming-focused cryptocurrency Axie Infinity (AXS) gained over 25% on Dec. There was no increase in NFT trading volume during the rally. The price increase is based on a meeting where over 600 community members came to a square.
Cardano (ADA) is preparing a new social media platform
- UK-based crypto lender Nexo has announced that it will phase out US products and services in the coming months due to disputes with regulators.
- Horizen Labs has announced that it has opened Apecoin (APE) staking pools. As of 12 Arashol, it will start distributing token rewards.
- MegaWorld has announced that it is expanding its cryptocurrency to BNB Chain with an airdrop campaign worth one million dollars. The team plans to hold the grand opening of BNB Chain City on December 15, 2022. The playable demo of BNB Chain City will be available on December 10.
- Cardano (ADA) has announced that it will launch a new social networking app called Cardano Spot. Cardano Spot is a user-generated interactive platform specifically designed to make it easy to invest, distribute, consume and monetize Cardano content.
- Ripple partner Airwallex, which has been a member of RippleNet since 2017, has partnered with Agoda, another popular platform. The partnership will enable business travelers from Hong Kong SMEs to book hotels and other accommodation and receive huge discounts from Airwallex.
- PancakeSwap has announced the results of its CAKE burning round. According to the data presented, 6.95 million tokens were burned, with an equivalent value of $28 million at current prices.
🔥 6,945,320 $CAKE just burned – that’s $28M!
💰 Trading fees (Swap and Perpetual): 192k CAKE ($781k) -46%
🔮 Prediction: 70k CAKE ($287k) +20%
🎟️ Lottery&Pottery: 31k CAKE ($126k) -28%
🔒 NFT Market, Profile & Factory: 623 CAKE ($3k) +33% pic.twitter.com/lKAc1L7ALO— PancakeSwap 🥞 #BSC (@PancakeSwap) December 5, 2022
- SaitaSwap has announced that it will list Ripple (XRP). His decision came as the legal battle between Ripple and the SEC was drawing to a close. According to the exchange, the XRP listing is one of the most anticipated listings and shows a pattern of increasing demand, especially from customers.
- DAM Finance introduced the Moonwalkers v1 testnet. DAM Finance will launch its solutions on the mainnet after the end of the testing phase.
