Blockchain
LBank Exchange Will List Annex Finance (ANN) on January 14, 2022
Internet City, Dubai–(Newsfile Corp. – January 10, 2022) – LBank Exchange, a global digital asset trading platform, will list Annex Finance (ANN) on January 14, 2022. For all users of LBank Exchange, the ANN/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on January 14, 2022.
Figure 1: LBank Exchange Will List Annex Finance (ANN) on January 14, 2022
DeFi has been making a great impact on the global finance system since its emergence, but the massive diversity of it can be extremely daunting for new users. To build a new-user friendly and secure DeFi space, and to solve the credit related problems in traditional financial lending systems, Annex Finance (ANN), a one-stop shop DeFi platform for multichain network, adapts the DeFi model to support liquidity provided by users, and utilizes digital assets and cryptocurrencies to be pledged and used as collateral while earning interest. Its native token ANN will be listed on LBank Exchange at 20:00 (UTC+8) on January 14, 2022, to further expand its global reach and help it achieve its vision.
Introducing Annex Finance
Annex Finance provides a decentralized marketplace for lenders and borrowers with borderless stablecoins, bridging the traditional lending platform for multichain network that brings crypto network closer to each other. Its decentralized trading protocol is built on BSC and Cronos network for fast, secure and low cost transactions, and all Annex Protocol assets are bound by the BEP-20 standard, ensuring that users can access an immutable money market protocol directly on-chain.
Although Annex Finance is not the first decentralized financial platform that is attempting to bridge the traditional lending platform with blockchains, it benefits from lessons learned through these earlier projects providing a greatly improved platform. Annex Finance will be the first to provide a DEX swap allowing users to create LP and liquidity itself to mint high APY returns and increase ANN price/volume while allowing users to borrow and supply assets through smart contracts.
Users can tokenize their assets utilizing BSC and Cronos network, and receive portable ATokens (the protocol-created pegged assets when collateral is supplied) that they can freely move around to cold storage, transfer to other users, and more. AToken collateral can be used to borrow from the Annex Protocol instantly with no trading fees, no slippage and directly on-chain. With Annex, users have on-demand liquidity available globally.
On top of lending/borrowing, there are also decentralized auction and NFT marketplace provided by Annex, making it a one-stop shop DeFi platform for multichain network.
Annex Auction is a suite of open-source smart contracts created to ease the process of launching a new project on the AnnexSwap exchange. Annex Auction aims to drive new capital and trade to the exchange by increasing the attractiveness of AnnexSwap as a place for token creators and communities to launch new project tokens. The key benefit of Annex Auction is that it provides Initial Liquidity Providers for new listing tokens with low prices and keeps the auction token price higher than the listing price. It supports several types of auctions based on auctioneer requirements to incentivize more new tokens listings, and ANN is used as its auction payment currency.
Annex NFT marketplace offers a wide range of non-fungible tokens, including art, censorship-resistant domain names, virtual worlds, trading cards, sports, and collectibles. ANN is the main NFT currency in the Annex NFT marketplace for creators and buyers to purchase items. Creators can set fixed prices with ANN units and buyers can make offers or place bids with ANN.
About ANN Token
ANN is Annex Finance’s governance token based on BSC and Cronos network, it will also be an auction currency to create an auction pool and pay auction fees, and Annex NFT marketplace uses ANN/BNB as NFT currency to purchase and bid NFT collectibles. Both the Lenders and Borrowers will be rewarded with the ANN tokens for using Lending Protocol and to Liquidity providers for supplying liquidity to DEX Swap.
ANN holding rewards system is designed to provide rewards to ANN holders automatically in the ANN contract itself. Annex Finance designed ANN token contract for ANN long term holders to be provided eligible rewards based on holding amount. If ANN holders will hold ANN for more than 30 epochs, the users will be in the eligible list automatically and the user’s reward will increase APR 0.2% every epoch from 30 epochs.
The total supply of ANN is 1 billion (i.e. 1,000,000,000), 5% of it is provided for prior liquidity price speculation auction and side liquidity, 3% is for governance supply, 12% is allocated to the team and development treasury, 5% is provided for ETH holding reward pool, another 5% is provided for BSC holding reward pool, 35% is for LP pool mining, and the rest 35% is for governance mining.
The ANN token will be listed on LBank Exchange at 20:00 (UTC+8) on January 14, 2022, investors who are interested in Annex Finance investment can easily buy and sell ANN on LBank Exchange by then. The listing of ANN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about ANN Token:
Official Website: https://www.annex.finance/
Telegram: https://t.me/Annex_finance_group
Twitter: https://twitter.com/AnnexFinance
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4413962315033-ANN-will-be-listed-soon-on-LBank
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 from now more than 210 regions around the world.
Start Trading Now: lbank.info
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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