Blockchain
Rocky Inu (ROCKY) Set for Launch on November 28th
London, United Kingdom–(Newsfile Corp. – November 10, 2021) –
Figure 1: Rocky Inu (ROCKY) Set for Launch on November 28th
Within just 48 hours of launch, the presale event has attracted 100+ contributors betting on ROCKY to make a wave in the crypto space. Early bird investors can purchase tokens at a discounted presale rate (1 BNB=60M ROCKY).
Participants in the Rocky Inu presale will hold a deflationary meme coin designed for long-term success. They will also be part of a community of users that are the driving force behind Rocky Inu on Binance Smart Chain (BSC).
The Rocky Inu team plans to launch the $ROCKY token on Pancakeswap as soon as the presale ends. They will then list the Rocky Inu Puppy on Coingecko and Coinmarket cap, allowing the community to track the progress of the latest DOGE-inspired token in the market.
A Meme Economy Offering 0% Buy Fees!
Rocky Inu boasts robust tokenomics designed to reward token holders who join the low cap gem on its journey to the moon. The project deploys several mechanisms to ensure that supporters of the meme coin earn lucrative passive income for holding ROCKY.
For one, investors enjoy zero fees on all buy transactions. The strategy incentivizes more crypto fans to hold ROCKY and promises to propel the exciting new token to the moon. The platform issues holders rewards that are proportionate to the ROCKY tokens they own, putting more buying pressure on the meme-based cryptocurrency.
The project also gradually burns tokens, reducing the initial one quadrillion ROCKY supply. By routinely removing tokens from circulation, the protocol tightens the supply of ROCKY in circulation, ensuring the coin continually grows in value. Users can watch as their cute Rocky Inu puppy increases simultaneously and automatically on the platform.
Rocky Inu Fees on Non-Buy Transactions
Rocky Inu aspires to become a 1000x project via its unique model that charges a fee on everything but buy transactions. Each sell transaction attracts a 15% tax that allows the meme-based ecosystem to remain sustainable.
3% of all non-buy transactions goes directly into rewarding ROCKY holders, while 3% goes into the burn mechanism that helps the canine-themed coin remain hyper-deflationary.
Rocky Inu places great emphasis on creating awareness and growing a solid user base to help its meme token land on the moon. To this end, the protocol channels 6% of all sell transactions into marketing and future development.
The remaining 3% goes to enhancing the Pancakeswap liquidity pool, offering users a seamless trading experience. As Rocky Inu’s pool grows, so does automatic liquidity on Pancakeswap, creating a solid price floor that allows token holders to hedge against price volatility.
A 100% DOXXED Project with Anti-Rug System
The UK-based project has deployed an Anti-Rug System, in which 85% of presale tokens are allocated to the Pancakeswap liquidity pool. The protocol will also lock 50% of the Team Wallet, further guaranteeing users that the project founders won’t attempt to run away with investor funds.
The team also subjected their smart contract to a comprehensive KYC and audit review before the presale, guaranteeing users that their funds are fully secure.
The Rocky Inu team intends to keep the community engaged and up-to-date on all upcoming events lined up on Roadmap. Crypto enthusiasts can join an AMA session with Project Director Kam Durrani scheduled for November 11 and get more insight into the red hot meme project.
To connect with the Rocky Inu community and learn about the ongoing presale and other developments, check out the resources below:
Website | Telegram | Twitter | Instagram
Media Contact –
Name: Kam Durrani
[email protected]
Rocky Inu
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102886
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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