The FTX token is an exchange token created by the FTX Exchange with the ticker FTT to power its ecosystem and provide value inside the exchange’s activities. The exchange was founded in an attempt to avoid clawbacks in cryptocurrency exchanges. This is accomplished through a three-tier liquidation strategy that utilises rate-limited orders to close positions and a
Blockchain has genuinely transformed global businesses, offering a secure and transparent method for recording transactions. It’s a game-changer in finance, healthcare, supply chain, and beyond, streamlining operations and boosting efficiency. The XDC Network – an enterprise-ready, open-source blockchain is suited for real-world decentralized finance with tokenization at the forefront. With its developer-friendly hybrid architecture, XDC
Compound Finance is a decentralized lending and borrowing platform based on the Ethereum blockchain. From mortgages to personal loans and leveraged trading of assets, lending is an important function of the traditional financial system. Likewise, lending and borrowing are essential functions of decentralized finance (DeFi) meant to perform a similar function but without the reliance on centralized
Bitcoin Gold is a cryptocurrency and a hard fork of Bitcoin, launched in 2017, to return mining to the common individual. A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a
The Curve protocol CRV and Curve DAO token form another innovative project to come from the DeFi movement and one that provides a particularly unique and well-designed concept. Improving on functionalities that DeFi platforms like Uniswap and Sushiswap have otherwise neglected, CRV focuses on providing a viable alternative solution to traditional financial platforms in the
Terra Classic In the realm of cryptocurrency, Terra protocol has established a name for itself as an open-source blockchain platform that hosts decentralized applications (dApps) and provides developer tools. It has garnered recognition for its swift transaction speed and accessibility for Decentralized Finance (DeFi) products. Understanding the Terra classic protocol entails grasping the unique components that constitute it and
Helium (HNT) crypto is a unique cryptocurrency that has utilitarian purposes outside of the crypto world. It is based on a secured, open-source network which is by far the largest decentralised IoT (Internet of Things) network in the world. Created to solve real-world problems, it has its unique consensus protocol called the PoC (Proof of
KLAY is the default and native token used on the Klaytn blockchain. KLAY is primarily used as the utility token for all platform transactions as well as all other blockchain applications on the network. Since its inception, the crypto industry has witnessed the birth of thousands of crypto assets. Each crypto asset has its own blockchain infrastructure. These
PancakeSwap (V2) is a popular decentralized exchange (DEX) allowing BEP-20 token swaps on the BNB Chain. It is the biggest exchange of the BNB Chain ecosystem and one of the top DEXs by market share. The exchange employs an automated market maker (AMM) model, allowing users to trade against a liquidity pool. You can become a liquidity provider and receive LP tokens, which entitle users to a share
Orca touts itself as the “easiest, fastest, and most user-friendly cryptocurrency exchange on the Solana blockchain.” Being one of the first automated market makers (AMM) launched on Solana, the decentralized exchange (DEX) maintains its own liquidity pools. It allows users to swap assets, participate in yield farming, and provide liquidity. The platform leverages Solana’s quick transactions and low fees.