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Here’s The Most Recent Cardano ADA News

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cardano ada news

The Cardano ADA project has been making major strides amidst the crypto market turmoil that we have been experienced in the last few weeks. Many of the updates have been made public via Twitter, medium, and Reddit, but it is worth reminding ourselves why we love the project. Therefore, let us look into the recent Cardano ADA news.

Numerous Meetups Around the Globe

The Cardano Global community is constantly growing with a lot of meetups being organized across the world. Below is a list of future meetups. Local Cardano community members are encouraged to attend.

    • Meetup in Mongolia with Charles Hoskinson – 15th September 2018
    • Meetup in Colombia – 26th September 2018
    • Meetup in Palo Alto – 26th September 2018

Cardano ADA news featured on Forbes

The Cardano project was featured on Forbes in a post that was published on the 7th of September. In the article by Yoav Vilner, he described Cardano as one of the best-known blockchain projects due to its research-based approach. He also added that the IOHK team differentiates itself by employing a first principles approach that is driven by peer-reviewed academic research to build the platform from the ground up.

September Technical Updates

The Cardano team released the latest version of the Daedalus Wallet that is now available on the Cardano website. The new wallet fixed a lot of networking issues as well as making the loading of the blockchain much faster and from scratch. Daedalus is currently the only wallet that supports ADA.

The project is currently in the Byron phase and the team is making back-end improvements to the code as well as improving the Daedalus wallet. After the Byron phase is complete, the much awaited Shelley phase will commence which is the decentralization of the network.

Existing smart contract models on the Cardano network are still being worked on by IOHK. The team has increased the allocation of resources to enable its team to embark on parallel tracks of research on the smart contracts in terms of fixing the issues seen in Ethereum smart contracts, as well as improving the general foundational design of the contracts.

A voting system is going to be implemented where the community decides on Cardano Improvement Proposals (CIPs). Details of the voting system will be released soon. The prospects of the community voting on project improvements is a sign that the platform is going to be purely decentralized.

Brief Market Analysis

The crypto markets have once again shown us that they are capable of bouncing back after a massive decline that left many of our cryptocurrency portfolios declining by at least 20%. Checking the charts, the King of Crypto, also known as Bitcoin (BTC) has once again risen to levels above $6,500 and at the moment of writing this. Further looking at Ethereum (ETH), the digital asset had scared many of us when it looked like it was losing its mojo when it had depreciated to new lows of $171. ETH is now valued at $207 and up 20.40% in the last 24 hours.

Further going down the list of the top 20 digital assets, we find Cardano (ADA) ranked 10th according to market capitalization. The digital asset is currently up 10.67% in the last 24 hours and is currently trading at $0.070. One can attribute the massive bounce of ADA in the markets as being due to the recent listing on Bittrex.

With the Cardano roadmap constantly evolving and with the prospects of the community voting system, the Cardano project is setting itself up for a bright future in terms of technical advancements and complete decentralization. These two factors will be crucial in propping the price of the digital asset of ADA to new heights.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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.

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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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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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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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