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Aelf (ELF) is Implementing a Reward System: Noted Rise of 42%

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Aelf

Aelf (ELF), seems to be stepping up its game as this currency is one of the rare tokens that are currently being traded in the green while experiencing frequent rises despite the negative waves of drops. However, you shouldn’t be fooled into thinking that Aelf only had a portion of luck, as it is quite the opposite. Apparently, according to the latest activity from the team behind ELF, this currency is working on implementing a system that will help the team showcase the features they have set up for Aelf. ELF is also known as the most scalable digital asset in the market, so paired up with the new system of promoting ELF, this currency is looking to be sky-rocketed.

Is Aelf the New Candy Coin?

Aelf is notably working on implementing a new system that will reward holders and users for a various set of activities, all arranged in favor of having ELF sky-rocketed towards increasing its trading volume.

Apparently, Aelf is working on finding new ways for promoting their currency so they are including their users in numerous candy system programs that are specially designed to engage and reward the engaged audience. Aelf is offering various tasks to their users, later on rewarding them once these tasks are completed successfully.

Their main focus is set on recruiting their users for the initial task of promoting Aelf and attracting new users to the platform as well as rewarding ELF users for attracting investors.

This so-called candy program is designed in order to help this currency acquire the much-needed stability, and as a positive consequence of the candy reward system, the price of ELF should rise as well.

We are already able to see some improvements in the market cap of this currency as Aelf has easily become one of the fastest growing currencies in the last 24 hours, driven by the massive bounce off the majority of currencies are having at the moment.

Aelf has shown some astonishing results while gaining almost 50% on increases in the course of only 24 hours, which is a major success for this currency. It might be the case that the candy system that the ELF team has set up, is actually working in favor of this currency, helping it grow at radically prompt rates.

Maybe the initiative that can be taken as “responsible” for this amazing rise is Aelf’s plan of including their users into a referral program where they are supposed to draw in more investors and users to their platform. For each person they would bring as a referral, the participants are getting their share of ELF in accordance with the number of people they bring.

Given the fact that people usually bring their friends, this case scenario possibly sky-rocketed ELF, making it trade at a seriously fast rate, consequently growing with the trading volume, which is a perfectly natural reaction as a coin will rise with the rising demand.

Aelf and Promotion on Twitter

It has already become a trend to have all the latest news about the digital currencies being first tweeted. This is not an odd thing given the fact that Twitter is one of the biggest social networks in the world.

Aelf wanted to make sure their strategy for increasing the trading volume of their currency was fully complete and developed, so they have come up with another rewarding system.

Apparently, the participants are also being rewarded in form of ELF tokens for sharing, liking, and re-tweeting of Aelf’s official posts on Twitter.

We can’t forget that Aelf is already a pretty well-established coin with high scalability and flawless reputation among the blockchain enthusiasts and analysts. That means that the candy reward program is not designed to make ELF more established, but is rather made to increase its visibility so it could become more accessible to potential investors, which should also increase the trading volume as the second wave of the rewarding program.

ELF also has a notable reputation for being one of the first coins ever to have solved the issues revolving around scalability when it comes to operating with smart contracts.

To avoid having scalability issues, ELF has designed self-evolving chains that are easy to be modified for the needs and requirements of making decentralized applications, and these chains are in any way affecting the functioning of the main chain.

While working on increasing its market presence and visibility, Aelf is also planning on testing a new cold wallet which should provide users with the ability to keep their coins safe without the need of keeping them on exchanges.

How is Aelf doing at the Current Moment?

After the latest change in the market, ELF is trading in the green with the latest rise of over 40% against the dollar, which at the same time marks this currency as one of the fastest growing currencies for the day.

In addition to trading in the green against the dollar, Aelf is also being traded up against BTC and ETH by 37% and 39%.

With the most recent change, ELF can be bought at the price of 0.83$ which is getting pretty close to a one dollar price everyone is expecting to see from ELF’s performance.

It is expected that with the current pace of growth, Aelf will be able to reach its record price of 2.57$ pretty soon.

We will be updating our subscribers as soon as we know more. For the latest on ELF, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of The Cookiemonster via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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