Daily Archives: April 18, 2022

PRESS RELEASE. INTERNET CITY, DUBAI, Apr. 18, 2022 – LBank Exchange, a global digital asset trading platform, will list CTOMORROW PLATFORM (CTP) on April 20, 2022. For all users of LBank Exchange, the CTP/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on April 20, 2022.

Using cutting-edge technologies to revolutionize current industry standards and practices, CTOMORROW PLATFORM (CTP) is here to foster an ecosystem of personalized, customized health solutions individually tailored to everyone’s unique traits and needs. Its native token CTP will be listed on LBank Exchange at 18:00 (UTC+8) on April 20, 2022, to further expand its global reach and help it achieve its vision.

Introducing CTOMORROW PLATFORM

CTOMORROW PLATFORM is a personalized technology platform focusing on innovations which revolutionize the way people monitor and manage their health for a healthier, happier world. It sits squarely at the intersection of three important emergent technologies: mHealth, AI avatars, and blockchain technology. The primary components of the CTOMORROW ecosystem are blockchain, the CTP token, the CTP exchange gateway, Big Data and AI.

The CTOMMORROW Project accelerates innovation in the Health Tech sector, promoting a healthier and more positive life for all. CTOMORROW’s particular emphasis is on projects that leverage mobile technology to produce software applications (Apps) that provide users with real-time health or beauty diagnosis. These applications use facial recognition technology to gather data about the user’s skin condition and health, since the majority of smartphones on the market already are equipped with biometric facial recognition technology.

The CTOMORROW Smart Data Factory is an ever-growing database that provides information to CTOMORROW AI, to provide the most accurate health reports and recommendations to the users. CTOMORROW DID is a set of authorization APIs provided by CTOMORROW that developers can use to allow their users to connect and share their data externally, and increase engagement with other websites and applications via their CTOMORROW account.

Last but not least, CTOMORROW’s Dynamic NFT Avatars take the concept of PFP NFT to the next level with personalized avatars based on user’s initial facial scan which evolve over time based on their initial personal attributes, their progress with health and beauty solutions, and the body of knowledge accumulated in the Smart Data Factory and applied to their individual data points.

About CTP Token

CTP is a medium that induces users to provide data within the CTOMORROW’s ecosystem. Users can use the received CTP to pay for products or services provided in the ecosystem or receive additional benefits.

Based on BSC, CTP has a total supply of 9 billion (i.e. 9,000,000,000) tokens, of which 25% is provided for big data mining, 14% is allocated to collaboration partners, 9.7% is provided for pre-sale, 10% is allocated to the foundation, 9% will be used for ecosystem expansion, another 9% is allocated to the founders, 8.3% will be used for marketing, 7% is allocated to the team, 5% is provided for floating liquidity, and the rest 3% is allocated to the advisors.

CTP token will be listed on LBank Exchange at 18:00 (UTC+8) on April 20, 2022. Investors who are interested in CTOMORROW PLATFORM investment can easily buy and sell CTP token on LBank Exchange by then. The listing of CTP on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about CTP Token:

Official Website:

Telegram:

Twitter:

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l Linkedin

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

media@lbank.info

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Ethereum gas prices have been declining for a while now. It had risen to its all-time high back in 2021 when the bull market was in full bloom. It then continued to maintain on the high spike, spiking at various intervals to high points. At its highest, average ETH gas fees were as high as $69. However, with the recent downtrend and the market losing momentum, the gas fees have crumbled and the recent decline has seen its near six-month lows.

Ethereum Fees Are Down

Ethereum gas fees for the last three months showed a consistent downtrend that saw average gas fees decline as low as $5.98 in early March. This had been the lowest that gas fees had been in seven months at this point. However, a spike in gas fees in early April would quickly put an end to this sending gas fees as high as $43 once more. This would prove to be only temporary given that the sharp downtrend that followed has sent ETH gas fees to plummet towards six-month lows.

Related Reading | DeFi Stablecoin Platform Beanstalk Suffers ~$80M Hack

As of Monday, Ethereum gas fees had declined as low as $8.78 on average. It represented a 76$% drop from its April high to put it in levels recorded in early March. The drop in ETH fees has also translated to a drop in the fees of Layer 2 rollups which boast significantly lesser fees than it costs to transact on the main network. 

The lowest recorded fee rate had dropped to as low as $0.03 per transaction on Sunday recorded on Metis Network. Others like Loopring and Zksync had seen transaction fees slide to as low as $0.05.

Bitcoin fees had also fallen and the average transaction fee as of early Monday sat at $1.04.

ETH On The Charts

The current downtrend seems to be prominent in not just the transaction fees but the price of the digital asset. Ethereum price had crashed below $3,000 in the early hours of Monday, and while small recoveries were made, various dips saw the digital asset touch the $2,800 price range before the opening of the markets on Monday.

Related Reading | TA: Ethereum Slides Below 3K, Why Bears Could Aim $2.5K

With selloffs rocking the market, indicators had turned inherently bullish for the digital asset, skewing completely in favor of the sellers. After breaking the $3,000 mark, the next major support level now lies at $2,900 although bears continue their efforts to drag it down lower. 

ETH has now fallen below the 50-day moving average. This puts the short-term forecasts of the cryptocurrency right in the negative for the majority of traders, and the long-term outlook is not looking good either. The digital asset is trading at $2,909 at the time of this writing.

Featured image from Shrimpy Academy, chart from TradingView.com

2i2i is a social dApp that allows users to earn coins by meeting with other users. 2i2i is built on the Algorand blockchain. Algoracle will provide computation abilities for Algorand’s first peer-to-peer social dApp. Algroacle will assist 2i2i with a node network with the goal of decentralizing the network.

“We love how many ways a decentralized oracle network can be used in the Algorand ecosystem. 2i2i is a perfect example of a creative use for computation abilities for the oracle layer. Imagine an incentivized social dApp that has all the benefits of a worldwide decentralized network!”
– Algoracle’s CEO Abdul Osman

As a peer-to-peer social dApp built on the Algorand blockchain, 2i2i lets its users connect by allowing them to be a Host or a Guest.

Hosts have the ability to create and manage a “room” while Guests will be able to watch the host or pay a small fee to meet with the Host face to face.

“We want 2i2i to be totally decentralized. Community governed and owned, providing an income stream to anyone with internet access. Algoracle will hopefully provide the final piece of tech to allow full trustlessness.”
– 1m1, the CEO and co-founder of 2i2i

Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per second (TH/s).

Microbt Launches 2 New Next-Generation Bitcoin Mining Rigs

Bitcoin miners are getting more advanced as the latest machines revealed by Bitmain and Microbt indicate that next-generation mining rigs pack a whole lot of hashpower. Bitcoin.com News has previously reported on Bitmain’s upcoming mining machines that offer hashrate speeds up to 255 TH/s.

The first was the Antminer S19 XP revealed in November 2021, which boasts a hashrate of 140 TH/s, and the second was the Antminer S19 Pro+ Hyd. with up to 198 TH/s of computational power. Additionally, Bitmain revealed another hydro ASIC unit called the Antminer S19 XP Hyd., which produces a whopping 255 TH/s according to the company.

Now new Microbt-brand Whatsminer ASIC bitcoin mining rigs have been revealed and the company expects to ship the latest series by the third quarter of 2022. While the devices are not as powerful as Bitmain’s latest mining machines, the Microbt-made rigs are more powerful than the current machines in production today.

Microbt unveiled the latest Whatsminer M50 series at the Bitcoin 22 conference in Miami and the company’s top machine boasts a full-custom chip design and 126 TH/s in computational processing power. The company further details that the Whatsminer M50S has a power efficiency rating of 26 joules per terahash (J/TH) and it runs on 3,276 watts (W).

The full-custom chip design is a 5nm process, which improved upon the firm’s last bitcoin miner the M30S++ (110 TH/s). During the announcement, Microbt also hinted at a hydro-cooling mining rig that will produce “240 TH/s of computing power at 29 J/TH of power efficiency.” However, that Whatsminer M53 machine is not yet showcased or available for purchase on the manufacturer’s Whatsminer website.

The latest two Whatsminer M50 series rigs are available, as the M50S (126 TH/s) currently costs $10,924.20 per unit and the M50 (114 TH/s) is priced at $8,857.80 per rig. For reference, using today’s BTC exchange rates and $0.12 per kilowatt-hour (kWh) in electricity, a 110 TH/s mining rig will produce an estimated $10.48 per day in BTC profits.

Current data indicates that at today’s BTC prices, the two Whatsminer M50 series machines would be more profitable. Microbt also detailed that it is ready to support emerging bitcoin mining areas such as North America. “Microbt is capable of producing and shipping over 30,000 pieces per month from its production site located in Southeast Asia this year,” the company’s press release notes.

“[The M50 series] will help customers to enter into the 2X J/T mining era, and stay in power that never ends for ESG-friendly mining,” Jianbing Chen, the COO of Microbt said in a statement. Meanwhile, Microbt’s machines are expected to start shipping in “Q3 of 2022,” while Bitmain’s Antminer S19 XP series is expected to reach the public by July 2022.

What do you think about Microbt’s new Whatsminer M50 series bitcoin mining rigs? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.