Connect with us

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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. One of the ways to have a successful trading journey is to also consider relying on Tesla coin which is one of the most successful crypto robots in the market right now,

NFTs are already being actively traded in markets globally. For example, one of the largest operating marketplaces ‘Opensea’, recently recorded approximately US$120,000 in daily average trade volume (DappRadar) and the total volume of NFT based artworks reached $US8.2 million in December 2020. This figure is 3.5 times higher than the previous record set in November 2020 (Coindesk).

Hong Kong based Xeno Holdings has decided to initially target South Korea as a major market because of South Korea’s history of fast adoption for new technologies and the success rate for services and products based on those new technologies to gain a strong foothold in the marketplace. “We chose the South Korean market as our primary launchpoint to accelerate integration and expansion of the Xeno NFT Hub into various traditional industries. We are forging strong partnerships with high valued fashion brands, online games developers, and entertainment companies to build new lines of NFT products.” said the Xeno team.

 

Contacts

Head of PR

Continue Reading
Click to comment

Altcoins

Ethereum Price Outlook as the DXY Index Crash Continues

Published

on

By

Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively. 

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points. 

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%. 

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

Continue Reading

Altcoins

INJ Crypto Surges After Injective Launches a $150M Fund

Published

on

By

Injective Protocol’s INJ price jumped sharply on Wednesday as demand for the coin roared back. The token jumped to a high of $2.46, which was the highest point in months. At its highest point on Wednesday, the token was up by over 90% from the lowest level in 2023.

What is Injective Protocol?

The blockchain industry is made up of numerous layer 1 networks like Ethereum, Solana, and Avalanche. All these projects have tools that make it possible for developers to build on top of them. They are all used to build applications in industries like non-fungible tokens (NFTs) and DeFi.

Injetive Protocol is a layer 1 project that focuses on the DeFi industry. It is built on top of Cosmos ecosystem to make it easy for developers to build auto-executing smart contracts that are faster and cost-effective. Injective Protocol has raised millions of dollars from the likes of Mark Cuban and Panterra Capital.

According to its website, Injective has made over 152 million on-chain transactions with an average transaction cost of less than $0.01. Some of the top applications built on Injective are Helix, Astroport, and Frontrunner. 

Helix is a decentralised orderbook crypto exchange for trading digital assets with zero gas fees. Frontrunner, on the other hand, is a sports prediction market while Astroport is a popular AMM for swapping crypto assets.

Injective’s INJ token…

Continue Reading

Altcoins

The Graph’s GRT Recoils After Optimism, Celo, Avalanche Integration

Published

on

By

The Graph’s GRT token price pulled back on Thursday even after the positive ecosystem news. GRT pulled back to a low of $0.076, which was a few points below this week’s high of $0.088. The token has surged by over 47% this year. 

The Graph adds Optimism

In a statement, The Graph announced that it will add Optimism to its network as it continues to expand its ecosystem. This means that Optimism developers will be able to use The Graph’s query technology to access data in their platforms. The data will be served by subgraphs on the decentralized network. 

Optimism is a leading layer-2 network that helps developers to build decentralized applications. Like other layer 2 platforms, Optimism supercharges dApps by increasing their speeds and lowering their transaction costs.

Optimism has been used to supercharge 97 DeFi dApps that have a total value locked (TVL) of more than $646 million. Some of the top dApps that use its technology are Synthetix, AAVE V3, Velodrome, Curve, and Uniswap V3.

The Graph’s integration came in the same week that the network integrated other networks like Celo,Arbitrum, Avalanche, and Gnosis. All these blockchains are solving important challenges in the blockchain industry. Combined, they all have a total value locked (TVL) of more than $3 billion.

The Graph price prediction

The Graph Price

Continue Reading

Press Release