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Galxe Expands to Avalanche, Accelerating the Growth of NFT Communities Across the Ecosystem

SAN FRANCISCO, March 21, 2023 (GLOBE NEWSWIRE) -- Galxe (GAL), the leading platform for building web3 communities, announced today the launch of its collaboration with Ava Labs, a core developer of the Avalanche (AVAX) blockchain, to integrate Galxes proprietary On-chain Achievement Token (OAT) within the Avalanche ecosystem. Avalanche is the fastest smart contracts platform as measured by time-to-finality. With more than 54 million Galxe ID users and over 1,900 ecosystem partners, Galxe is a top 10 dApp across all blockchains, and welcomes Avalanche into its robust ecosystem.

Avalanche joins Polygon, Optimism, Arbitrum, BNB Chain, and others, as Galxes trusted ecosystem partner with the launch of the Avalanche OAT. This easy, no-code, gasless solution enables Avalanche dApps to reach millions of highly engaged web3 users with reward-based loyalty programs.

We are incredibly thrilled to partner with Avalanche to offer its dApp builders the opportunity to deepen their relationships with their communities, and users the chance to earn rewards by engaging and contributing to their favorite communities, said Charles Wayn, Co-Founder of Galxe. At Galxe, we endeavor to become the hub for all communities across all blockchains, and this collaboration with Avalanche signals a significant step towards achieving our mission.

To date, the Polygon OAT has over 10.3 million mints and is one of the top erc-721 contracts on Polygon. Similarly, the BNB OAT has over 5.2 million mints. The irrefutable success of partnering with Galxe continues to propel powerful collaborations between the leading blockchains in the ecosystem, such as Avalanche. One of the first use cases within the Avalanche ecosystem will launch on May 3rd, during the Avalanche Summit in Barcelona, Spain.

Were thrilled to partner with Galxe in a closer way to bring more awareness to our communities, marketplaces and NFT projects. Excited to help kick off our NFT initiatives for 2023 and beyond, said NFT and Art BD Lead at Ava Labs, Dominic Carbonaro. Galxe has a proven track record of driving awareness and adoption of ecosystems. Were excited to see everything theyll bring to the Avalanche ecosystem.

In the coming months, Avalanche and Galxe will launch a series of campaigns to support ecosystem initiatives https://blog.galxe.com/ .

About Galxe: Backed by Multicoin Capital, Dragonfly Capital, Spartan Group, Solana Ventures, Coinbase Ventures, Binance Smart Chain Growth Fund and others; Galxe is the leading platform for building web3 community. With over 54 million Galxe ID users, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 1900 partners with reward-based loyalty programs. Start your campaign today at galxe.com !

About Ava Labs: Ava Labs makes it simple to launch decentralized finance applications on Avalanche, the fastest smart contracts platform in the blockchain industry. We are empowering people to easily and freely digitize all the worlds assets on one open, programmable blockchain platform. Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The company has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments from Balaji Srinivasan and Naval Ravikant.

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Galxe Expands to Avalanche, Accelerating the Growth of NFT ... - InvestorsObserver

Despite the unstable macroeconomic situation, surging inflation globally and a decline across the majority of markets, mass adoption of cryptocurrencies is in full swing. Thus, one of the first questions to arise for a new crypto user is where to store the coins. If you are currently in search for best wallet for crypto and cannot decide due to the large number of options we have prepared a list of top online crypto wallets.

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain networks to enable users to send, receive, and manage their assets.

A crypto wallet can be either an application that runs on a computer or smartphone, or a hardware device that stores the keys offline for additional security. Some projects also offer additional features, such as the ability to exchange one cryptocurrency for another, monitor market prices, or track transaction history.

Below, weve outlined the different kinds of crypto wallets on the market right now, an explanation of their mechanics, and our advice on which one to choose based on your specific needs.

The CoinsPaid multi coin crypto wallet is one of the most secure and reliable options on the market for both businesses and individuals. Key advantages of the app include its ease of integration, the level of technical support on offer, and the large variety of cryptocurrencies offered.

Instead of just offering support for Bitcoin and Ethereum, the CoinsPaid wallet also supports top stablecoins like USDT and USDC, as well as popular altcoins like Dogecoin. There are currently 20+ different cryptos supported along with 40 fiat currencies, which is one of the largest selections you can find on the market today.

Behind the all-in-one crypto wallet is a parent company that happens to offer the largest payment processor in the world in terms of total volume processed CryptoProcessing.com. Indeed, that level of experience has led users to prefer the CoinsPaid wallet when compared to others on the market.

Unlike other online cryptocurrency wallets, CoinsPaid is available both on desktop and mobile. Soon, theyre looking to release bank cards which will let you access and spend your funds without ever having to sell your crypto first.

One of the most significant advantages of CoinsPaid is an impeccable grade of security across all companys offerings. First, it is an EU-licensed payment provider that fullt complies with AML/KYC/KYB regulations. In addition, the company has 2 blockchain risk scoring systems to detect and combat any suspicious activity. CoinsPaid is also regularly subject to independent security and financial audits, while never having lost even a dime of clients money.

Other top features include:

With over 800 professional merchants trusting the CoinsPaid wallet with their cryptocurrency needs, this app has shown itself to be the most secure crypto wallet in the industry.

With over 30 million monthly active users, the MetaMask online cryptocurrency wallet is a highly popular Ethereum wallet, likely due to its user-friendly design and accessibility. This makes it a great option for novice investors seeking to store, send, and engage with Ethereum-compatible cryptocurrencies and decentralised applications (dApps).

MetaMask also stands out for its ability to work with other blockchain solutions. The software allows users to easily integrate almost any blockchain network into the app, including popular Web3 networks such as Polygon, Binance Smart Chain, and Avalanche. Users can also connect directly to the wallet to access popular NFT marketplaces like OpenSea and trade a variety of collectibles.

Moreover, the cryptocurrency wallet is available as a browser extension on Google Chrome, Microsoft Edge, Mozilla Firefox, and Brave, and as a mobile app on both Android and Apple devices.

Ledger is a prominent brand in the cryptocurrency industry, widely known for producing hardware wallets that are favoured by crypto enthusiasts. The brand's products are renowned for their extra layer of security, thanks to the incorporation of a Secure Element component. This chip is commonly found in passports, credit cards, and payment systems.

The Ledger Nano S was the brand's first wallet, and it was recently updated to the Nano S Plus in April 2022. This newer model comes with a larger storage capacity, improved display, and a USB-C cable port. The updated features make the Nano S an even more appealing entry-level product, particularly when compared to the larger Ledger Nano X.

At $89.13, the device is priced conveniently, sitting in the middle of the market's range of cheaper and more expensive alternatives. Additionally, it is compact, measuring just 2.2 0.7 0.36 inches, and has a 128 x 64-pixel screen that makes it easy to carry and navigate through installed apps.

Due to its nature as a piece of hardware, Ledger is one of the most secure crypto wallets available anywhere on the market.

Exodus is widely regarded as one of the most comfortable and user-friendly wallets available. Although it was initially only available as a desktop application, Exodus now has apps for both iOS and Android, as well as compatibility with Trezor hardware wallets. Despite this, the desktop wallet, which is updated biweekly, remains its core offering.

One of Exodus' standout features is the sheer number of cryptocurrencies and NFTs it supports, with more than 290 available a significantly higher number than many other hot wallets. This includes established altcoins like Ether, Litecoin, XRP, and Bitcoin Cash, as well as popular meme coins such as Dogecoin and Shiba Inu. Thus, Exodus can be rightfully considered the top choice for multi currency crypto wallet.

In addition, the app boasts an expanding suite of applications designed to increase functionality, such as live charts, crypto staking, and crypto deposits.

BlueWallets online wallet for cryptocurrency is an excellent choice for Bitcoin traders who prefer simpler software on their desktop computers. BlueWallet is a Bitcoin-only wallet, allowing their team to focus solely on enhancing the BTC experience on the platform.

The crypto wallet and exchange offer an interface that is user-friendly and easy to navigate, making it a suitable choice for beginners. However, the app also includes advanced features that more experienced users may find beneficial.

Along with basic functionalities such as sending, receiving, and storing BTC, BlueWallet permits users to send batch transactions, customise fees, and establish a Tor connection to improve privacy.

BlueWallet's integration with the Lightning Network is another significant advantage. This layer two solution enables peer-to-peer payments to be processed much quicker than on Bitcoin's layer one network. The Lightning Network is best thought of as an expressway that operates on top of the traditional Bitcoin blockchain.

We have selected Trust Wallet as the top online crypto wallet due to its well-designed, easily navigable user interface, comprehensive support for dApps and NFTs, and the highest number of assets supported on our list.

Trust Wallet is a widely used online crypto wallet for mobile devices and the official mobile app of Binance, one of the world's largest cryptocurrency exchanges. Despite its association with Binance, the wallet is non-custodial, meaning it does not store your private keys, and it is your responsibility to protect them.

It supports over 65 blockchains, enabling it to accommodate a wide range of digital assets. With over 4.5 million coins and tokens, it has the most extensive asset support on our list.

Trust Wallet is also a perfect choice for decentralised apps and NFT enthusiasts. The wallet includes a built-in Web3 browser, allowing users to access dApps and blockchain games directly from the app. This feature makes purchasing NFTs a breeze, as users can browse, buy, and store tokens using the integrated decentralised exchange without ever leaving the app.

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What are crypto wallets: List of secure crypto wallets in 2023 - FXStreet

Crypto has come a long way, that is for sure. Ever since the first cryptocurrency launched and the first pizza bought with Bitcoin, the technology that empowers the crypto field has evolved in a way and with a surprising speed.

These days, there are almost 25,000 cryptocurrencies in existence, and the number keeps growing. Plenty of crypto projects are launched daily, and most aim to solve various issues in the industry during the past years.

Among all the new platforms launched every day in the crypto space, decentralized autonomous organizations seem to be making quite a buzz lately. Thus, what is a decentralized autonomous organization, how does it work, and why has this concept become so popular?

Also called DAO, a decentralized autonomous organization is an entity with no central leadership. The members of a DAO usually have the same goal, and they all contribute to the decision-making process. Usually, decentralized autonomous organizations work based on a set of rules enforced on a blockchain.

The first DAO was launched in 2016 when a group of developers came up with the idea of an entity that has and promotes one of the most valuable and popular blockchain-related characteristics: decentralization. This feature is what makes the whole DAO concept work the way it does and maintains its relevance in the crypto space.

The simple fact that no central authority governs the decentralized autonomous organization encourages members participation in the projects ecosystem. This way, such community-driven organizations can build incentivized communities around their concepts, allowing users to interact with other crypto enthusiasts from all over the world.

Furthermore, a DAO constantly works to maintain its transparency. To do that, each vote is made publicly viewable so that every user can research how each vote goes, who votes for what, and which are the most active members.

Usually, decentralized autonomous organizations rely on smart contracts that can streamline the whole decision-making process while also maintaining transparency. Those able to vote share the voting power according to the number of tokens they hold.

For instance, while a user who holds 50 tokens will have a certain amount of power, one who holds thousands of that specific token will most certainly have a much bigger voting power for every vote occurring in the DAOs ecosystem.

And there is one simple reason for that: users who have invested significant amounts in a particular DAO will be encouraged to act in a way that will benefit the whole community, while those who hold fewer tokens will be incentivized to buy more to have more power in the ecosystem. And if there is a possibility that the users with higher power act badly and affect the community, they will put their investments at risk.

Undoubtedly, DAOs have become popular for a reason: they are concepts that can benefit crypto users and the whole cryptocurrency industry. And one of the most essential and useful benefits of DAOs is the fact that such community-driven cryptocurrencies maintain a remarkable level of decentralization.

In the ecosystem of a decentralized autonomous organization, there is no leader, and no single user or entity controls everything. Instead, the power is distributed across the entire network, thus assuring that the project is achieving one of the 3 most popular crypto features: decentralization.

When integrated with Web3, the DAO concept can do wonders. When every crypto project aims to revolutionize a specific topic, a decentralized autonomous organization focusing on Web3 will increase the level of decentralization in such spaces and will build new perspectives for Web3 users.

A good example is MetFi, a DAO developed on Binance Smart Chain that aims to be the worlds first Metaverse and Web3 incubator, significantly investing in the next wave of Metaverse and Web3 unicorns. Launched in May 2022, MetFi constantly works to introduce increasingly more projects to its community and global network of advisors while also giving individuals the opportunity of experiencing the benefits of the Metaverse, Web3, and NFTs.

And with decentralization usually comes equality. Each user can contribute to the evolution of a DAOs ecosystem, no matter their holdings in the community. Any stakeholder can and is encouraged to share their ideas, while everyone will be able to see and vote for them.

Furthermore, the fact that a DAO relies on smart contracts results in a high level of neutrality, as no user or entity controls the rules of such an ecosystem. Instead, after being built, the smart contracts are implemented, and there is no need for a third party to control or manage the activity of a decentralized autonomous organization.

However, there are some downsides to DAOs, too, and they cannot be forgotten. First, the fact that users have a specific voting power given according to their investment can lead to a concentration of voting power. For instance, assuming that a user holds over 50% of the circulating supply of a DAO and decides to vote in a particular way, their power will be able to cancel the other votes.

Another downside of decentralized autonomous organizations does come as a result of one advantage of such projects. The fact that such community-driven cryptocurrencies get a good level of decentralization through the fact that every user has voting power affects the overall quality of transactions.

When each transaction has to pass a voting process, the transaction time can be considerably higher.

Crypto is gaining remarkable popularity, which is not surprising, considering the innovations this field brings and the tremendous number of users open to learning more about the cryptocurrency industry.

DAOs, or decentralized autonomous organizations, are community-driven cryptocurrencies not controlled by any central authority. Instead, all users have voting power according to their token holdings and can actively contribute to the decision-making process.

DAOs aim and manage to maintain high levels of decentralization, equality, and neutrality, advantages that will incentivize increasingly more users to join such ecosystems.

On the other hand, decentralized autonomous organizations have some downsides. For instance, the fact that every change in the ecosystem implies a vote in which all the users should participate can affect the transaction time. Moreover, sharing the power according to the tokens held can lead to a concentration of power and affect the community long-term.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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What Is a Decentralized Autonomous Organization? How Does It ... - Crypto Daily

As Circles $USDC has lost ground, Tether-issued $USDT is now the dominant stablecoin on both Ethereum and Polygon.

Regulatory FUD from U.S. authorities has helped to catalyze a regime change in the world of cryptocurrency stablecoins, as $USDC has lost its dominant position to $USDT on both the Ethereum and Polygon blockchains.

The March 11 collapse of Silicon Valley Bank certainly shook crypto holders faith in the stability of $USDC (at least in the very short term), as it was disclosed that $USDC issuer Circle had more than $3 billion in reserves stored at the failed financial institution. $USDC suffered a major but brief de-peg, and it regained its $1 value a few days later, when Circle executives were able to reassure investors that the SVB collapse did not impact its ability to maintain the 1:1 backing for the stablecoin.

The apparent irony is that U.S. regulators statements and actions against stablecoins (notably $BUSD) have incentivized crypto holders to abandon stablecoins from U.S.-regulated issues (such as Paxos and Circle) in favor of issuers like Tether who are not subject to U.S. regulations.

According to DefiLlama, $USDC lost its dominant position on Ethereum to $USDT on March 18, a week after the SVB debacle. $USDc had accounted for the plurality of stablecoins on Ethereum since the beginning of 2022. However, $USDT rose to the top spot as it benefitted from investors switching out of $USD and, since December 2022, $BUSD.

The narrative on Polygon is different but has the same result: $USDT has surpassed $USDC as the dominant stablecoin on the Ethereum sidechain.

The wrinkles in the story, however, are that $BUSDs market share on Polygon was never significant; $USDC had always been the dominant stablecoin on Polygon; and $USDTs ascent came at the expense of $USDC and $DAI.

Perhaps most importantly, $USDT surpassed $USDC on Polygon on March 2, according to DefiLlama, more than a week before SVBs failure accelerated the abandonment of $USDC.

Overall, $USDT has strengthened its grip on the entire USD stablecoin marketplace, increasing its share of stablecoin holdings on all blockchains from less than 50% to nearly 60% since the beginning of the year.

The Tether-issued stablecoin accounts for almost all stablecoin holdings on Tron and is rapidly gaining even more ground on BNB Chain as $BUSD is being phased out.

One area where $USDC has maintained its edge over $USDT is on the fast-growing Arbitrum blockchain, where $USDC has 63% of the stablecoin market.

Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).

Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |

Polygon is a sidechain scaling solution that runs alongside the Ethereum blockchain allowing for speedy transactions and low fees. MATIC is the networks native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

Website | Twitter | GitHub | Reddit | YouTube

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Space ID to Launch ID Token on Binance Launchpad - BSC NEWS

Aave (AAVE) and PancakeSwap (CAKE) have been making strides in the decentralised finance (DeFi) space for a while now, but Orbeon Protocol (ORBN) is a new player in the market that is already generating huge buzz during the presale phase following 2203% gains. But how exactly will these three projects help make finance fairer? Lets find out.

Orbeon Protocol (ORBN) is one of the first crypto crowdfunding platforms that will revolutionise the venture capital industry for everyone. Orbeon Protocol (ORBN) aims to provide start-ups with secure, transparent, and convenient funding opportunities through blockchain technology and NFTs.

Orbeon Protocol (ORBN) allows startups to mint equity-backed, fractionalized NFTs as a way of facilitating funding rounds. This fractionalisation by Orbeon Protocol (ORBN) allows everyday investors to buy a stake in enterprises worldwide with as little as $1.

The ORBN token acts as the utility token for Orbeon Protocol (ORBN). Moreover, ORBN holders enjoy extra perks, including access to exclusive opportunities, fee discounts, staking rewards, and the right to vote on Orbeon Protocol (ORBN) governance.

You can currently buy ORBN tokens for a discount in the ongoing Orbeon Protocol (ORBN) pre-sale. Considering the fact that ORBN is yet to be launched and listed on exchanges, the token has the potential to increase by 6000% or even more by the end of 2023, according to analysts.

Aave (AAVE) is a decentralised lending protocol that has been making waves in the DeFi space. Aave (AAVE) allows users to lend and borrow cryptocurrencies using smart contracts and automated market makers.

Aave (AAVE) is based on a permissionless and trustless protocol, meaning that users can access the platform without any intermediaries or third-party agents. Aave (AAVE) offers lending, borrowing, staking, and even flash loans, which are short-term loans that allow users to borrow funds and return them in a single transaction.

Moreover, Aave (AAVE) is one of the most secure platforms out there. Aave (AAVE) is built on a protocol that is secured by deposits, meaning that all users funds are backed up by the deposited capital. This ensures that no one can steal or misappropriate user funds.

The Aave (AAVE) token is the native currency of the platform and acts as an ecosystem governance token. Holders of AAVE tokens can vote on new features, protocols, and upgrades for the Aave (AAVE) platform.

PancakeSwap (CAKE) is a decentralised exchange (DEX) that uses the Binance Smart Chain (BSC) to facilitate cryptocurrency transactions. In short, PancakeSwap (CAKE) allows users to trade, stake, and earn tokens while paying low fees.

PancakeSwap (CAKE) is a non-custodial platform that offers a self-custody feature, meaning that users are in full control of their funds throughout the entire process. PancakeSwap (CAKE) also offers an automated market maker (AMM) that allows users to easily swap tokens directly from their wallets.

The CAKE token is the native currency of the PancakeSwap (CAKE) platform and is used for staking on the platform. CAKE holders can also enjoy access to exclusive features, such as discounts on transaction fees, and the right to vote on upgrades and new features for PancakeSwap (CAKE).

With so many ways to earn and access financial opportunities, PancakeSwap (CAKE) is making finance fairer for everyone. The PancakeSwap (CAKE) price reflects this sentiment, with CAKE up more than 22% since the start of 2023.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Making finance fairer with Orbeon Protocol (ORBN), Aave (AAVE ... - Euro Weekly News