ParaSwap Launches Token Amid Controversy, Why Some Users Were Excluded
Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform. Related Reading | Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum The ParaSwap airdrop was not an exemption with many users jumping into the platform to qualify and receive the funds in PSP. However, the platform employed a new logic to distribute its native token. Unlike Uniswap, a decentralized exchange that sends every user....
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Airdrops are back in fashion as ParaSwap drops 5,200 to 10,400 PSP tokens to active users while also disqualifying airdrop hunters from gaming the system. Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next "crypto stimulus check."Paraswap is the most recent project to reward early adopters, despite their early October statement that the project had no intention of conducting an airdrop. The decentralized....
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague Do Kwon and Terraform Labs. Moreover, the old token, luna classic (LUNC), has been climbing in value as the crypto asset has gained more than 70% during the last day.
New LUNA Coin Jumps Over 8% Higher on Monday, Token Is Still Down....
What a year it has been for FUN Token. From being acquired by a Bitcoin casino with 41 million users to making a brief but powerful foray into the Top 100, FUN Token has done it all in 2021. And it’s only April. Seeing the rising demand for the token, Binance has announced the FUN […]
DeFi users are increasingly turning to aggregators to get the most cost effective trades. Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand.Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020’s figures.The researcher noted 1inch, Matcha, and Paraswap facilitated a total $9.3 billion of volume across 2020 — but that as of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021.1/....
Bitcoin gambling website, FreeBitco.in launched its Premium Membership Program on March 15, 2021. This program aims to utilize the platform’s native token, FUN, as a loyalty token for its global user base of 41 million crypto-enthusiasts. Crypto markets are blossoming following Bitcoin’s recent rally to all-time highs of $61,000 over the weekend. However, users are already looking for the next big thing – and FUN Token could be the token offering massive growth potential this […]