Rare Crypto Faucet and DeFi Apps Launch on xDai Chain
PRESS RELEASE. Toronto, Ontario, Canada, March 19th 2021 – Affinity Design – Rarify Apps just launched a new deFi application only possible on layer 2 tech. After only a week since the claiming app debut, the price of Rare Coin soared well over 1000 USD on the Honeyswap DEX after the app garnered over 3 thousand daily active claimers. This was all possible due to xDai chain’s speed and low fees that let users claim a small fraction of “Rare” for only ten cents per claim. As gas fees on Ethereum continue to rise, yield farming on the platform has begun to....
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PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI. This change allows users to place orders as small as 100$ which was impossible until now, with minimum order requirements growing up to 200k$ during gas price spikes on Ethereum. The new structure allows for a flat minimum order value of 100$ independent of Ethereum gas prices. How does it work? The....
Bitcoin price dipped Wednesday while investors park crypto in Ethereum sidechain stablecoin xDai.
Undoubtedly the biggest storyline this tax season was how crypto holders would pay their taxes if accountants, lawyers and even the IRS had trouble accounting for it. xDai, a truly decentralized stable payments blockchain, is now offering such a service through a partnership with CryptoTaxCalculator. With traditional finance, there are many services that provide automatic […]
Chainlink is rolling out support for xDai, a layer-two sidechain whose perceived centralization hasn’t stopped major DApp players. Chainlink (LINK) oracles have made their way to xDai, an Ethereum sidechain that has seen growing adoption among DApp developers who cannot afford to stay on the Ethereum mainnet. As announced by Chainlink on Thursday, its price feeds are live on the xDai mainnet, offering price data for an initial set of trading pairs including LINK/USD, AAVE/USD, DOT/USD and SUSHI/USD. More pairs can be quickly added if there is demand, the company said.The integration was....
The rapidly growing cryptocurrency ecosystem has evolved from a “one chain to rule them all” mentality to an interconnected landscape of different blockchain networks and decentralized apps (dApps) that deal with everything from money transfers to rare in-game items and collectibles. It is in this theme of interoperability that the Atari Chain, built by video […]