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Nebulas Jumps 15% With Binance Listing

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Nebulas

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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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