Governance tokens, therefore, get some of their value from the fact they confer certain powers to their holders. That may contribute to their sizable valuations: Luna ended 2021 trading at more than $80. In this way, they differ from conventional cryptocurrencies like bitcoin, which functions more like traditional money as a store of value and medium of exchange. Source link … [Read more...] about What Is a Governance Token?
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Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency.The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx, according to an official announcement … [Read more...] about Central bank of Bahrain trials JPMorgan blockchain and token
OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
What is the ERC-20 Ethereum Token Standard?
The ERC-20 Ethereum token standard is a blueprint for creating fungible tokens that are compatible with the broader Ethereum network. Ethereum, or ether, is a cryptocurrency that allows for the creation of a variety of applications, including tokens, that don’t require intermediary services to operate, unlike most traditional applications. Source link … [Read more...] about What is the ERC-20 Ethereum Token Standard?
NEAR Token Jumps Over 20% After UST Integration
NearPad and Rose will offer incentivized opportunities for users to deposit UST liquidity into the protocols, which can then be accessed by the wider NEAR community. NearPad is a Near-based decentralized exchange and market maker, while Rose is an Aurora-based stablecoin and wrapped assets swap product. Source link … [Read more...] about NEAR Token Jumps Over 20% After UST Integration