Blockchain
SMD COIN, The World’s First Integrated Platform for Coins Staking, Yield Farming and Self-holding
Dubai, United Arab Emirates–(Newsfile Corp. – November 1, 2021) – As the crypto world keeps growing, new platforms that provide different services continue to emerge. But according to a research, people prefer to consolidate services for simplicity rather than having too many platforms to achieve their goal of growing funds in crypto world. SMD COIN, as an innovative integrated platform, offers a unique ecosystem for their users by underpinning all the essential components together, making it extremely simple to use.
Figure 1: SMD COIN, the world’s first integrated platform for coins staking, yield farming and self-holding
What is SMD COIN
SMD COIN is the world’s first integrated platform that provides coins staking, yield farming, self-holding and so on. It offers decentralized farming services, personalized financial solutions, and a variety of interest models and earning opportunities to its customers.
Instead of OG mining, SMD COIN integrated the new staking mechanism. Staking has become increasingly popular in recent years, it allows users to make passive income with low entry. Unlike mining, there are no significant overhead or electricity costs in staking, it is risk-free, inexpensive, environmentally friendly and easy to operate.
SMD COIN also provides yield farming, it’s a method of generating more cryptocurrency with user’s existing cryptocurrency, which entails participants lending their money to others using the smart contracts. In exchange of participants’ services, they will be compensated in the form of cryptocurrency. This innovative application of DeFi has recently skyrocketed in popularity as a result of further innovations such as liquidity mining. It generates higher returns than some traditional fixed income options, but comes with its own set of risks and volatility.
SMD COIN offers a secured online platform for staking pools and decentralized farming, users of it can maximize their SMD reward by earning the highest rewards in yield farming. As the SMD COIN will be listed on LBank Exchange at 21:00 (UTC+8) on November 3, 2021, users can easily buy and sell SMD COIN on LBank Exchange by then.
Features of SMD COIN
SMD COIN has everything that users need in one place. Users can buy, swap and hold their coins, while keeping their coins safe by using a secure wallet. The features of SMD COIN are as follows:
Multi Chain Market – MultiChain is an open-source blockchain platform designed for developing and deploying private blockchain applications that operate within or between organizations. Multi-Chain Market supports BSC, with more Chains to be added in the future.
Risk Control Management – SMD COIN’s expert team has included a number of sophisticated safeguards to prevent the theft of money or information and provide risk control management. It has defined a set of risk management rules to avoid contract and market failure.
Aggregation Earnings – As a strong hub among DeFi protocols, SMD vault ensures maximum liquidity and maximizes aggregation earnings while increasing capital use.
A bright future ahead
SMD COIN will launch its own exchange in the near future, with an NFT program planned to launch on it. Furthermore, the listing of SMD COIN on trading platforms like LBank Exchange will undoubtedly help it expand its business and draw more attention in the market. SMD COIN is on its way to becoming a leading staking service provider for blockchain projects, with infrastructure built with maximum security and performance at the forefront. As the world’s first integrated platform for coins staking, yield farming, self-holding and so on, SMD COIN may still have a long way to go, but with a bright future ahead.
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in more than 50 countries around the world.
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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101584
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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