After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape of defi platforms and applications. At the time of publication, the recorded total value locked (TVL) in defi is hovering around $10.8 billion. Uniswap captures the market dominance according to the web portal defipulse.com, as the trading protocol commands over 20% of the market. On October 1,....
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You may have missed it in 2016, but initial coin offerings, or ICOs, have become the dominant way to fund new cryptocurrency projects. In an ICO, a project sells part of the total token supply to early adopters in exchange for money with which to progress. ICOs have two primary benefits: they provide funding to the team to see the project through, and incentivize a community to contribute (who gain if the project succeeds and the tokens are worth more than they bought them for). Although 2016 witnessed a high number of ICOs, they are not a new phenomenon and some ICOs from earlier than....
Laura K. Inamedinova is a marketing agency CEO from Lithuania who started early with ICOs, a journey that has led her to launch UkrainianPool, an initial staking pool offering raising money for the Ukrainian government.Inamedinova got into ICOs right out of university in 2016 and is shy to mention the name of the first crypto fundraising project she worked for. There were definitely not only bad projects, but you didnt know at that time, she explains, referring to the early days of the industry. You didnt know that anything was off at the time, she says with a chuckle.Inamedinovas early....
If 2020 was the year that DeFi found its feet, then 2021 is shaping up to be the year that DeFi is spreading its wings across the blockchain ecosystem and finding its place beyond the boundaries of Ethereum. It was somewhat inevitable, given that Ethereum’s eye-wateringly high gas fees continue to price many smaller investors […]
ICOs are revolutionary for business, though the fear of being scammed keeps investors at a distance. Using blockchain technology, initial coin offerings have become an alternative means of acquiring funding for business projects using the new, evolving digital financial market for tokens. In contrast to initial public offerings, which are governed by strict legal regulations, ICOs require only a white paper and some interesting features, such as a lack of barrier to entry, a scope for exponential growth, absence of geographical barriers and easy validation. Hence, it may not be surprising....
Despite China's undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital's CEO says. As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development.Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even banning Bitcoin in some places — the original cryptocurrency is still alive and kicking. “Bitcoin still exists and survives in....