Blockchain
Hydrogen, a Leading BSC-Based DeFi Project, Aiming to Pioneer Innovative Green Energy Investment After Listing on PancakeSwap
London, United Kingdom–(Newsfile Corp. – October 28, 2021) – Hydrogen Economy (HDGN) is a Binance Smart Chain based DeFi project aimed at developing and leveraging a sustainable DeFi ecosystem to support global hydrogen segment initiatives on the road toward carbon neutrality. The platform’s native token Hydrogen (HDGN) features autonomous yield and liquidity generation. Notably, Hydrogen has a total supply of 150 million tokens and a diluted market capitalization of $1.5 million. It’s proud to announce its recent listing on PancakeSwap.
The Hydrogen Economy project is developing a DeFi platform powered by the HDGN token. The platform’s operational profit will be used towards the project’s main aim: To invest in the global hydrogen market. In a nutshell, the project will leverage the innovation of the rapidly growing decentralised digital economy to support global hydrogen segment initiatives on the road to carbon neutral, while democratising access to returns from the future hydrogen economy. More so, the platform’s investment strategy will mainly focus on assets, projects and infrastructure generating “green” hydrogen from renewable energy, and as such, making an important contribution to the global energy transition.
As the project seeks to build strategic partnerships with multinationals, governments, and academic institutions, it aims to build a portfolio of innovative investments in this disruptive growth industry. This portfolio will constitute the essential contributors of the dynamic hydrogen ecosystem and ultimately reward HDGN token holders through long-term value creation.
Key Features of Hydrogen Economy
The project offers several features for participants. Here are some of them:
- Passive Income: Token owners can earn passive income with 3% of each transaction distributed to all wallets simply through holding. Moreover, the PancakeSwap liquidity pool is automatically expanded by 3% of each transaction.
- Security: The liquidity pool is locked for 3 years, making funds safe for trading and holding.
- Deflationary tokenomics: A small percentage of each transaction goes to a burn address, plus manual buybacks and burns based on achievements to reduce supply and benefit the community over the long-term.
- Charity Donations: Small percentage of every transaction goes to the charity wallet.
- Upcoming near term operational developments: DeFi Platform offering Lending, Staking, Yield Farming and Leveraged Yield Farming. New features are being developed to build an ecosystem. Aside from this, the operational developments include audits, partnerships, ongoing marketing, and further exchange listings.
- Medium term strategic goals for core purpose: Developing mechanisms to leverage operational DeFi ecosystem to support hydrogen segment initiatives, contributing to a lower carbon future and generating long-lasting value for the community.
With the ongoing platform development programme picking up pace, the Hydrogen token price could reach great new heights, thereby attracting a huge number of crypto enthusiasts and investors.
About Hydrogen Economy
Hydrogen Economy is a Binance Smart Chain based DeFi project aimed at developing and leveraging a sustainable DeFi ecosystem to support global hydrogen segment initiatives on the road to carbon neutrality. The platform’s native token is Hydrogen (HDGN).
Social Media:
Twitter: https://twitter.com/Hydrogen_HDGN
Telegram: https://t.me/HDGN_HydrogenEconomy
Facebook: https://www.facebook.com/HDGNHydrogenEconomy
Instagram: https://www.instagram.com/hdgn_hydrogen_economy/
LinkedIn: https://www.linkedin.com/company/hdgn-hydrogen-economy
Media Contact:
E-mail: [email protected]
Website: https://www.hdgneconomy.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101135
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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