Blockchain
Salary Token Listed On PancakeSwap
Hessen, Germany–(Newsfile Corp. – December 2, 2021) –
Figure 1: Salary Token Listed On PancakeSwap
And that’s where the ‘Salary‘ token comes in – a DeFi based, deflationary-designed, hard-cap asset that rewards its users/hodlers via USDT. Salary is a token on the Binance Smart Chain.
The Reward System
To benefit from the reward system, all one must do is enable both the Salary Token as well as BSC-based USDT in their wallet, hold a minimum amount of SLR tokens, and simply wait. As transactions are processed (buys/sells) through the Salary token smart contract, rewards are automatically distributed to holders proportionate to the total number of tokens held in their wallet.
These rewards come from a fee or “tax” (24%) that is imposed on each transaction. A small percentage of the 24% tax (4%) is reserved for Marketing (more on this in a minute) and other expenses. The rest (20%) is redistributed as described above. With its 20% reward structure, Salary cleverly positioned itself as the highest paying, ‘frictionless yield-generating asset’ in the DeFi space.
While other projects tend to pay rewards in their native token, Salary offers more freedom to its community by paying them in USDT. Many holders may elect to “roll” their USDT rewards back into Salary to further compound their reward payouts (think Dividend Reinvestment Plan or ‘DRIP’). Others may utilize the payouts to invest in other projects, offset the initial cost of their initial investment, pay bills, etc. In practice, Salary provides its holders with a (you guessed it!) salary.
Tokenomics
As far as the available supply is concerned, a scarce 1,000,000 tokens were minted, of which 137,000 have already been burned, with plans for even more tokens to be burned as the token’s price matures and milestones are achieved.
All tokens are currently in circulation – liquidity pools have been locked until 2024 to calm potential investors, the chain has completed an Audit, and the team is actively in the process of fully doxxing themselves to further bolster confidence in their project.
New Products/Services
The rewards system is just the beginning. The key to Salary’s plan is in developing new products/services that will drive on-chain activity. Increasing volume on-chain is the key to Salary’s volume-based reward system. In the coming months, Salary’s developers will be hyper focused on building a complex ecosystem with this end goal in the forefront of their minds.
One of these projects involves the creation of a revolutionary ‘Salary Debit Card’, which aims to to offer its users with the ability to frictionlessly spend their crypto assets at fiat-based institutions that do not accept cryptocurrency.
Salary’s tag line reads, “To bridge the Crypto world with traditional finance.” Salary’s powerful Marketing budget and team have been working tirelessly, forging key partnerships with influencers, fostering a positive and engaged community across all Socials, and frequently hosting AMA’s to stretch their influence and instill confidence.
Their efforts have not gone unnoticed or unrewarded, with the price of a single Salary token reaching an all-time high of $9.74 on 11/25/21, a mere 4 days after launching at a price of only $0.60 per token. This price action represents a 1,600% price increase.
Salary is currently available on PancakeSwap and 1-Inch.
Social Media Handles:
Twitter: https://twitter.com/crypto_salary
Telegram: https://t.me/SalaryEN
Medium: https://medium.com/@CryptoSalary
Github: https://github.com/SalaryOfficial
Reddit: https://www.reddit.com/r/CryptoSalary/
Media contact:
Company: Crypto Salary
Email: [email protected]
Website: https://cryptosalary.net
Disclaimer: Information or any fact found on above content is those of writers and company quoted. It does not represent the opinions of this site on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106176
Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Blockchain
Cronos collaborates with KYVE to revolutionize Blockchain Data
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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