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Stellar Will Rise Due To New Acquisition

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Stellar will

Stellar will continue to be in the headlines for all the right reasons after its new acquisition Chain, which is backed by Visa. It all started with news that Stellar will be used by IBM in a cross-border payments solution that will rival that of Ripple. The clearing and settlement of payments with finality will be possible through almost instant speed. The solution does not directly state that it will use XLM as the instant source of liquidity, but the guess is that this is how it is going to happen.

Stellar Foundation Acquires Chain which is Backed by VISA

The above news was only one week ago and now the Stellar foundation – through its Stellar Development Fund – has purchased Chain. The latter is a blockchain startup that is backed by some of the biggest names in finance and enterprise adoption. Chain’s existing investors include VISA, Nasdaq and Citi Ventures.

The new firm created from the acquisition is known as Interstellar. Its CEO, Adam Ludwin, had this to say about the new venture:

“All of the clients that we have now have effectively shifted from using a traditional database model to using a tokens model, issuing assets on a local environment. By partnering with Stellar you can fire an asset to another institution.”

The Stellar Development Fund is the profit-oriented arm of the Stellar foundation and is also known as Lightyear. This means the Chain and Lightyear names/brands will be dissolved as a result of the deal. Interstellar, being the new venture, will employ 60 people with two headquarters in San Francisco and New York City.

Ludwin hinted that the acquisition was in the tune of $40 Million. He added the following:

“Chain did not need to sell the company. This needed to be a great strategic move and a great return and it was both.”

Jed McCaleb, the founder of both Ripple and Stellar, will take over as the CTO (Chief Technical Officer) of the new Interstellar firm. Chain’s existing customers using its core software (Visa, Nasdaq, Citigroup, Cloudwalk and LPS) will now be served by Interstellar.

Stellar will rise

The last few weeks have really been great for the XLM cryptocurrency due to the aforementioned news. If all the developments were made during a Bull run, the price of XLM would not find it hard to get to the much needed $1 value. Looking at the markets right now, XLM is currently valued at $0.19 and down less than a percentage point in the least 24 hours.

Going further and comparing the digital asset with XRP, it seems that the latter has stagnated in the markets due to the general FUD that it is a security. The Ripple company has even gone ahead and issued numerous statements that Ripple and XRP are completely separate entities. They also add that the XRP ledger is open source and Ripple simply brought it to real-life problem-solving situations via its products of xRapid, xVia, xCurrent and RippleNet.

However, investors who still do not believe that XRP is truly decentralized, now have an option in XLM. The latter now has a use case through its cross-border payments solution with IBM. Also, with the new firm of Interstellar, the Moon is no longer the limit for XLM. The new limit is the outer reaches of our galaxy as the name Interstellar suggests.

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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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