Blockchain
Reward Cycle Achieves $2.2 Million Market Cap After Token Launch
London, United Kingdom–(Newsfile Corp. – November 9, 2021) – The Reward Cycle team is pleased to announce that the Company market cap has reached $2.2 million, after the launch of its Reward Cycle token on October 31, 2021, using the BSC Chain.
Figure 1: Reward Cycle Achieves $2.2 Million Market Cap After Token Launch
Although the token was launched at a $60,000 market cap, it achieved an impressive $2.2 million market cap since its launching. The team encouraged investors to hold the token and stand a good chance of earning a 7% USDT reward. The token’s reward utility, Launchpad, is expected to hit the cryptocurrency industry very soon, according to the team.
RC Launchpad
The RC Launchpad is a blockchain platform to give prospective users access to a launchpad specifically designed to help creators of new blockchain projects to distribute their tokens easily while simultaneously raising capital for them.
The Launchpad is currently operative on the Binance Smart Chain and was used to launch new IDO coins through PancakeSwap, a decentralized liquidity exchange. Here’s the link to the swap page: https://bscscan.com/token/0x229a54fb9de889c271380452c0483ce89b8c1e0d
Through the above address, users can swap the token for BNB or other tokens of their choice. The link contains the BSC Scan contract address for the swapping.
KYC and Other Important Measurements
To give more credibility to new tokens launched on the Launchpad, the team has put the necessary machinery in place to vet and check tokens and accept only those from qualified blockchain developers.
That is beside the ‘Know Your Customer’ (KYC) checks that will be performed on those tokens before they are listed for presale on their RC BSC Launchpad.
Reward Cycle Vision
After launching the token on October 31, 2021, the Launchpad is projected to be ready within the next 2 months. The creators have indicated their readiness to buy back and burn from the profit they intend to make from the token as a practical way to reduce reward cycle supply.
The Reward Cycle team rewards crypto lovers who hold and receive one or two of their utility tokens such as ADA, Eth, USDT, and XRP.
Reward Cycle’s Reward
USDT is the reward for Reward Cycle’s first token while deliberations are ongoing on the second rewards token that will be chosen through a voting process. To earn more rewards, crypto lovers will be required to hold more of the token.
According to the token’s creator, 7% of each buy and sell will be dedicated to holders as USDT reward while a further 4% goes into liquidity. Another 4% will be diverted into marketing, making a total of 15% for several purposes.
Buying/Selling platform
Reward Cycle also provides cryptocurrency selling and buying services. Users can buy and sell other digital currencies such as Bitcoin and Ethereum.
The Reward Cycle team prides itself as provide several benefits that include profit tracking, real-time data, customizable charts, and safe and secure transactions and operations.
To be better informed about this project, Reward Cycle has created some social media accounts where prospective investors can catch up with the project and be abreast of every development associated with it.
Social Media Handles:
Twitter: https://twitter.com/rewardcycle
Telegram: https://t.me/rewardcycle
Github: https://github.com/rewardcycle
Discord: https://discord.com/invite/NXm3rmPDJN
Media Details
Company Name: Reward Cycle
Contact Name: Reward Cycle
Email: [email protected]
Website: https://rewardcycle.club/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102603
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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