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Nebulas Jumps 15% With Binance Listing

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Binance has tested Nebulas (NAS) and exchange listing has been announced for the 44th ranked cryptocurrency by market cap. The Chinese project which is dubbed the ‘Google of Crypto’ aims to provide an ecosystem that can evolve and survive amongst strong competition.

Nebulas tweeted: “Binance will open trading for NAS at 2018/06/28 08:00 AM (UTC). Binance, Huobi.pro, OKEx, and Gate.io have opened trading for NAS. Binance will not accept any NAS tokens that are ERC20 based.”

NAS will be added to Binance June 28 at 8 am (UTC). It will be paired with Binance coin (BNB), Bitcoin (BTC) and Ethereum (ETH). The minimum withdrawal is 0.2 NAS and the withdrawal fee will be 0.1 NAS ($0.50). Binance will be accepting mainnet tokens but not ERC20 NAS.

NAS Rises Against Ether

Following the news, the price of NAS rose by 15% to $5.12 and has undergone a slight correction to $4.99. Its market cap is now $227 million. As the market fell, it was one of the few coins in the green and this was shown by even higher returns against Bitcoin and especially Ethereum which is down 3.48% over the past 24 hours.

Within the last few weeks, more than 3,000 decentralized apps (Dapps) have been launched on the Nebulas blockchain. This is a huge achievement for the first third-generation blockchain with a live mainnet.

Nebulas have been running a weekly Incentive Program for Dapps and have been rewarding the best Dapps on the network. Using their ranking algorithm, they evaluated the best Dapps and will provide rewards to the Weekly Champion, Second Prize, Third Prize, and 20 other awards.

In a blog post, they said: “The seventh week of the Nebulas Incentive Program (NIP) ended on Saturday at midnight (Beijing Time) on June 23th, block height 491,996. We received 252 decentralized app (DApp) submissions during this period, of which 88 passed review to win NAS rewards (34.9% passing rate).”

CryptoMonsters Runs on Nebulas

Current nominees include a runaway game called Nebulas Runner, where players get points by being fugitives and a treasure hunting game called TreasureX. They also have their own version of CryptoKitties, focused on monsters, called The Monsters (CryptoMonsters). They say ‘each monster is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away or destroyed.’

The Dapps are selected by a 23-person judging panel selected weekly. It includes 3 Nebulas representatives and 20 super contributors who vote by sending 1 NAS. Super contributors who vote will receive the NAS back, their reward and a share of 10,000 NAS.

Nebulas are also running a live event series with a Nebulas developer. Nebulas Lead Core Developer, Roy Shang will cover technology, core concepts, ideology and will present a live tutorial on smart contracts and Dapps. The first event was on June 26 and it will continue weekly to July 23.

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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.

Image courtesy of Martin Gommel via Flickr

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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