How to Buy DeFiChain (DFI) | Where, How and Why

How to Buy DeFiChain (DFI) | Where, How and Why

Statistics show that approximately $80 billion of value is locked in decentralized finance. Despite this figure, many are still exploring the question, “What is DeFi?“

Investopedia defines DeFi as “an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.” DeFi has attracted many users who wish to eliminate the control of centralized banks and institutions over their financial assets and activities.

Since 2019, DeFiChain has been delivering purpose-oriented offerings to improve DeFi transaction efficiency, speed, and cost-effectiveness. This article will explore DeFiChain’s features, its DFI token, and how to buy DeFiChain.

DeFiChain (DFI): What It Is and How It Works

DeFiChain homepage

The DeFiChain blockchain is specially designed to support decentralized finance (DeFi) applications. DeFiChain, developed by the DeFiChain Foundation, focuses on the blockchain’s functionality to enable the fulfillment of quick, intelligent, and transparent DeFi services.

The DeFiChain platform is built as a software fork on the Bitcoin blockchain and tied to it with a Merkle root every few blocks. All transactions on the DeFiChain are non-Turing complete to ensure speed and efficiency with low gas costs and a lower risk of errors in smart contracts.

What Is DFI

DFI price on CoinStats

DFI serves as the native token of DeFiChain and is an integral account unit in DeFiChain. Users and partners will be issued $DFI coins that can be used to participate in the ecosystem in the following ways:

Paying Fees: The DFI token is the in-house currency used to pay for transactions, DEX fees, ICX fees, smart contracts, and other DeFi activities on DeFIChain.

Liquidity Pools: DeFi holders can use their tokens to provide liquidity for the DEX between crypto-assets.

Staking Nodes: DeFiChain users must have at least 20,000 DFI tokens to fund a new staking node.

Loan Collaterals and Interest: Platform users can put up their DFI tokens as collateral to borrow other crypto tokens. They can also lend other crypto-assets to receive an instant premium in DFI and interest in the form of DFI tokens when the loan is paid back.

DeFi Custom Token: Users must own 1,000 DFI tokens to create a personalized DCT (DeFi Custom Token.) When this custom token is destroyed, the user receives a refund for the DFI they had used to create it.

Submitting Proposals and Votes: Users can pay 10 DFI to submit a Community Fund Proposal or 50 DFI to submit a Vote of Confidence. The DFI paid for these submissions is non-refundable.

Key Features of DeFiChain

Following are some of the main features of the DeFiChain platform:

Features of DeFiChain

Decentralized Lending

With decentralized lending, individuals and groups can avoid the intervention of banks and centralized authorities while borrowing and lending. Despite leading with bitcoin, DeFiChain also addresses 100% of the market through the decentralized wrapping of tokens.

Decentralized Wrapping of Tokens

Wrapping allows individuals to use any digital asset while maintaining the underlying asset but transacting on a different blockchain. DeFiChain features a unique decentralized, trustless wrapping mechanism through which the crypto asset owner can work all their assets on-chain without relying on a third party to act as a guarantor.

Before DeFiChain, there were no interoperability standards connecting different currencies. Wrapping or collateralization (typically provided by a third party) are key requirements since the interaction of different cryptocurrencies and assets requires interoperability.

Owners can easily exchange their wrapped tokens on their respective blockchains for their original value. DeFiChain users are also rewarded for creating a wrapped token on the platform.

The on-chain transaction is done using the native $DFI coin, but DeFiChain can also use Bitcoin, ERC-20, Ethereum, and other crypto-assets through wrapping.

Decentralized Pricing Oracles

Oracles gather accurate information from other blockchains and non-crypto markets to collect data related to the pricing of other crypto-assets. DeFiChain features such pricing oracles that help collect data from eternal blockchains.

DeFiChain network users who participate as an oracle can earn tokens as rewards for the data they provide. These rewards are issued by smart contracts that measure the oracle’s accuracy based on the consensus percentage, number of oracles, and other pre-set parameters.

Decentralized Exchanges

DeFiChain’s decentralized exchange enables atomic, peer-to-peer swapping of cryptocurrencies by directly matching people for trading. Using this DEX reduces the risks of using exchanges while ensuring that the token holder always has custody of their crypto asset. The exchange also doesn’t have to bear the risk of custodianship as the peer-to-peer mechanism is based on an agreed-upon price or the current market price.

Asset Tokenization

Asset tokenization involves representing an asset like real estate or company equity using immutable blockchain-based tokens.

Many projects like LAtoken and Etherparty have made an attempt at blockchain asset tokenization but have eventually pivoted to provide services that aren’t directly associated with asset tokenization.

DeFiChain, on the other hand, offers a module that has been designed specifically for asset tokenization. This module is easy to use for tokenizing real estate, company equity, and other valued asset holdings.

This asset tokenization can also be offered as a legal, authorized, and yet decentralized capability that can be trusted independently.

Dividend Distribution

The dividends distribution module can be used to generate smart contracts that will automatically pay out returns on investment for tokenized assets. DeFiChain offers a leap in the dividends distribution functionality by implementing models with weekly, monthly, quarterly, daily, hourly, or even minute-by-minute payouts.

Transferable Debts and Receivables

In centralized finance, only financial institutions that handle loans can manage debts and accounts receivable. DeFiChain has provided a decentralized alternative in a set of calls that can work with transferable debts and receivables. This has been achieved by using the blockchain, which adds transparency to the process of exchanging debts and loans. Smart contracts will be employed to monitor and manage these loans and debts based on receivables and other financial promises.

DeFiChain also offers the capability to create smart contracts that will support peer-to-peer loans without a financial institution having to guarantee these financial assets.

Decentralized Non-collateralized Debt

At present, DFI is used as collateral for taking out on the platform, and the individual’s identity is established based on their wallet KYC. However, DeFiChain plans to build the appropriate reputation-based systems and risk assessment techniques to offer non-collateralized loans based on borrowers’ reputations and other factors. If successful, this system can be used to supplement or replace the currently used credit score approach.

Where to Buy DFI

DeFi token distribution

When choosing an exchange on which to buy cryptocurrency, it is important to check for the following key factors in crypto exchanges:

Asset and payment support: Compare cryptocurrency exchanges before choosing one that supports the DFI token and the payment method you’re using to fund your purchase. If you plan on swapping other cryptocurrencies in your portfolio to acquire DFI, you should also check whether the exchange supports that trading pair (e.g., BTC/DFI, ETH/DFI, etc.)

Security: Identify a reliable exchange and the link carefully to ensure that you access the authentic exchange platform so that you don’t fall prey to phishing scams.

While DFI is listed on many cryptocurrency exchanges, this article will take you through the detailed procedure for purchasing DeFiChain on CoinStats, a platform that features:

  • A reliable crypto exchange for buying DeFiChain
  • A secure crypto wallet for storing your DFI
CoinStats wallet
CoinStats Wallet
CoinStats portfolio tracker

CoinStats also offers informative content like “How to Buy Cryptocurrency” for beginners and specific coin-related articles like “How to Buy STEPN” for potential investors.

Steps for Buying DFI

DFI can be purchased with fiat money or by swapping with other cryptocurrencies. Following are the steps detailing how to buy DeFiChain (DFI) on CoinStats:

  • To purchase DeFiChain, you must first create an account on the exchange and link a secure wallet. CoinStats also provides its own wallet that you can use to keep your tokens safe.
  • You may have to fill in your KYC details like your name, contact number, and email ID. After your KYC is completed, you can move to the buying stage.
  • If you plan to pay with fiat currency, you will have to fund your account with a bank transfer or a credit or debit card. If you’re using a crypto swap, you will have to ensure that the relevant tokens are available in your linked wallet.
  • You can then place a limit order by entering your order price in USD or the crypto you wish to swap and selecting the DFI amount. If the price reaches the amount you specified, your order will be processed.

Is DFI a Good Investment

The DeFiChain price as of 25th May 2022 is $2.52, with a 24-hour trading volume of roughly $17 million. The coin currently stands at a rank of #51 on CoinStats, with a circulating supply of around 510 million DFI and a maximum supply of about 1 billion DFI coins.

According to forecasts from, the DFI price is expected to have a long-term increase, potentially reaching a price point of $8.98 by 15th May 2027.

Closing Thoughts

Now that you know how to buy DeFiChain, all you’ve got to do is monitor the charts, research the project thoroughly, and DeFiChain tokens based on your existing portfolio and crypto investment plans. Please stay alert to potential scams during this process and ensure that you store your wallet keys safely after you buy your DFI tokens.

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Paypal Upgrades Crypto Service — Now Lets Users Transfer Cryptocurrencies to Other Wallets, Exchanges – Featured Bitcoin News

Paypal Upgrades Crypto Service — Now Lets Users Transfer Cryptocurrencies to Other Wallets, Exchanges – Featured Bitcoin News

Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal revealed.

Paypal Now Supports External Wallet Transfers

Payments giant Paypal finally allows users to transfer cryptocurrencies in and out of its platform. The company announced Tuesday:

We are thrilled to announce that starting today, Paypal supports the native transfer of cryptocurrencies between Paypal and other wallets and exchanges.

“This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” the announcement adds.

The new feature is now available to select U.S. users, Paypal said, adding that it will be rolled out to all eligible U.S. users in the coming weeks.

Users can transfer supported cryptocurrencies to Paypal and move crypto away from the platform “to external crypto addresses including exchanges and hardware wallets.” They can also send their coins to their family and friends on Paypal “with no fees or network charges to send or receive,” the company detailed.

Currently, Paypal supports four cryptocurrencies: bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC).

Paypal customers can also use their cryptocurrencies to pay for goods and services at millions of merchants using Checkout with Crypto, a service launched in March last year.

Paypal Granted Full Bitlicense

Paypal also announced Tuesday that it has been granted a full Bitlicense by the New York Department of Financial Services (NYDFS).

The company became the first to obtain a conditional Bitlicense in October 2020. “We are proud to become the first company to receive a conditional virtual currency license from the New York State Department of Financial Services,” CEO Dan Schulman said at the time.

The company said Tuesday that it has become the “first company to convert a conditional Bitlicense into a full Bitlicense.”

What do you think about Paypal allowing users to transfer cryptocurrencies to and from its platform? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Michael Vi

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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When Greed? Bitcoin Market Crushed Under One Full Month Of Fear

When Greed? Bitcoin Market Crushed Under One Full Month Of Fear

Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now.

Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market

According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.

The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.

The metric uses a numeric scale that goes from one to hundred for displaying this sentiment. When the value of the index is less than fifty, it means investors are fearful at the moment.

Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit

On the other hand, values of the indicator above the threshold imply that investors currently share a sentiment of greed.

Values towards the end of the range of below 25 and above 75 indicate sentiments of extreme fear and extreme greed, respectively.

Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year:

The value of the metric seems to have been very low recently | Source: Arcane Research's The Weekly Update - Week 22, 2022

As you can see in the above graph, the Bitcoin fear and greed index is showing a value of 15 right now, suggesting that the general sentiment is that of extreme fear.

These low values of the metric have now been there for more than a month now. Such a long streak last occurred following the COVID crash two years ago. Then, the run lasted for 48 consecutive days before the sentiment saw any improvement.

Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse

Historically, bottoms have tended to form during periods of extreme fear, while tops have occurred during extreme greed.

Because of this, some investors believe the former periods provide ideal buying opportunities for Bitcoin, while the latter could be fitting selling points.

The trading technique that follows this idea is called contrarian investing. Warren Buffet’s famous quote encapsulates it best:

Be fearful when others are greedy, and greedy when others are fearful.

If this philosophy is anything to go by, then the current sentiment may mean now could be the time to buy Bitcoin.

At the moment, it’s unclear how long this streak of extreme fear will last. It could be as long or longer than the last one, or the sentiment may soon see an uplift.

BTC Price

At the time of writing, Bitcoin’s price floats around $30.4k, down 3% in the past week.

Bitcoin Price Chart

Looks like the value of BTC has jumped back above $30k | Source: BTCUSD on TradingView
Featured image from, charts from, Arcane Research

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New York governor yet to commit to signing Bitcoin mining ban into law

New York governor yet to commit to signing Bitcoin mining ban into law

New York Governor Kathy Hochul has yet to publicly commit to signing a controversial bill that would ban proof-of-work (PoW) crypto mining, instead noting that her team will be looking “very closely” at the proposal over the next few months.

If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in the state of New York. Under the new regulations, only PoW operations backed 100% by renewable energy would be able to operate.

The New York State Senate passed the bill on June 3 to the dismay of members in the crypto community, meaning the bill’s fate is now in the hands of Governor Hochul, who has the power to approve or veto the legislation.

At this stage, it appears that the Democrat has no intentions of rushing the decision and may have bigger fish to fry with the upcoming primary election on June 28.

During a news conference on Tuesday, Hochul opted not to draw a line in the sand regarding the PoW ban, suggesting the deliberation process could take a few months:

“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months.”

On Tuesday, the Democratic candidates for New York governor — including Hochul, Congressman Tom Suozzi and Public Advocate Jumaane Williams — faced off in a debate ahead of the election.

Reporters such as Times Union’s Josh Solomon followed the event live and noted that Hochul suggested that her team hasn’t had time to fully review the bill but does support the idea of reducing the environmental impact of fossil fuel mining plants.

Speaking on the bill late last month, Hochul also stressed the need to balance both environmental protection and job creation.

“We have to balance the protection of the environment, but also protect the opportunity for jobs that go to areas that don’t see a lot of activity and make sure that the energy that’s consumed by these entities is managed properly.”

Related: Environmental groups urge US government to take action on crypto miners

PoW mining has been a highly divisive subject in New York over the past couple of years, with environmental groups such as the Seneca Lake Guardian speaking out, protesting and lobbying against Bitcoin (BTC) mining firm Greenidge Generation LLC in upstate New York on several occasions.

While a long list of organizations, businesses and labor groups also co-signed a letter in October 2021 calling on Governor Hochul to deny permits for PoW mining firms.

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Paxos introduces financial advisor crypto trading for broker-dealers » CryptoNinjas

Paxos introduces financial advisor crypto trading for broker-dealers » CryptoNinjas

Paxos, a regulated blockchain infrastructure and crypto exchange platform, has today announced the launch of financial advisor crypto trading within Paxos Crypto Brokerage.

The new functionality allows broker-dealers to provide a comprehensive wealth management solution to financial advisors so that they can trade crypto on behalf of their clients.

Financial advisor crypto trading from Paxos also enables several unique capabilities including the ability for broker-dealers to enable registered advisors (RAs) and financial advisors (FAs) to trade or manage end-user assets at their discretion.

This comprises trade allocations, verifying the identity of RAs or FAs to satisfy compliance requirements via independent sanctions screening, and attaching an RA or FA to transactions to create a record of discretion for each trade.

Interactive Brokers, one of the world’s largest online trading brokerages with more than $320 billion in assets under custody, has already launched access to the financial advisory crypto trading to provide crypto access to its customers.

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How to Buy Kusama | Where, How and Why

How to Buy Kusama | Where, How and Why

Kusama KSM is the “canary network” for the Polkadot blockchain, designed to facilitate an audit system for Polkadot. Kusama experiments with new features before they are deployed on Polkadot. The KSM token is the native cryptocurrency of the Kusama network.

Get updates on Kusama price in real-time on CoinStats, one of the best crypto platforms around.

Read on to learn everything you need to know about the Kusama KSM network and how to buy Kusama tokens in a few simple steps.

Let’s get started with the Kusama Pros and Cons list:


  • Ability to scale: Kusama can scale an unlimited number of projects without slowing the network down.
  • Eliminates the need for a hard fork: Kusama is fortified against disputes on network upgrades, and scalability, so hard forks are not likely to occur on the project.
  • Decentralized governance: Kusama is truly decentralized as the KSM holders run the network rather than individuals.
  • Highly secure: The Kusama network is highly secure, thanks to its decentralized nature, which leaves very little chance for the network to be compromised.
  • Allows developers access to different blockchains: The KSM token offers developers more flexibility to access different blockchains.


  • Competition: Kusama, like Polkadot, faces fierce competition against smart contracts and Proof-of-Stake projects.
  • Not suited for all projects: Although Kusama is more than just a testnet for Polkadot, it’s still basically a testing ground for projects, some of which may not thrive on it and must be moved to Polkadot.
  • Parachain limitations: Kusama and Polkadot’s Parachain seem superior to Ethereum in terms of scalability. However, for any application to be launched on Polkadot, it must already exist on another Parachain.

How to Buy Kusama KSM Tokens in 4 Quick Steps

As of publication, the Kusama KSM token is ranked #71 by market cap ($676 million in Q2 2022). The token is available on various crypto exchanges globally, including Huobi Global, Binance, Kraken, etc., and on decentralized exchanges, such as Uniswap and PancakeSwap. To purchase Kusama KSM, you first need to choose a platform that suits your investment needs.

Step #1: Choose a Trading Platform

Several cryptocurrency exchanges allow you to trade KSM. You’ll have to compare them to choose the one that supports Kusama and has the features you want, such as low transaction fees, an easy-to-use platform, and 24-hour customer support. Also, consider if the cryptocurrency exchange allows purchasing KSM with your preferred payment methods, such as a credit or debit card, another cryptocurrency, or a bank transfer.

Cryptocurrency exchanges can be centralized and decentralized, and each has several advantages and disadvantages:

Centralized Crypto Exchange

A centralized crypto exchange or CEX is like a traditional exchange for trading digital assets. CEXs are governed by a centralized system and charge specific fees for using their services. The bulk of crypto trading takes place on centralized exchanges, which allow users to easily convert their fiat currencies like the euro or dollars directly into crypto. Centralized exchanges require their users to follow KYC (know your customer) and AML (anti-money laundering) rules by providing some information and personal identification documents. However, a CEX holds your digital assets on its platform while trades go through – raising the risk of hackers stealing the assets.

Decentralized Crypto Exchange

On the other hand, a decentralized exchange (DEX) is not governed by any central authority; instead, it operates over blockchain and charges no fee except for the gas fee applicable on a particular blockchain, i.e., on the Ethereum blockchain. Decentralized exchanges use smart contracts to let people trade in crypto assets without the need for a regulatory authority. They deploy an automated market maker to remove any intermediaries and give complete control over the funds to users. Decentralized exchanges are less user-friendly from an interface standpoint and also in terms of currency conversion. For instance, they don’t always allow users to deposit fiat money in exchange for crypto; users have to either already own crypto or use a centralized exchange to get crypto. It also takes longer to find someone looking to trade with you as DEX engages in peer-to-peer trade, and if liquidity is low, you may have to accept concessions on price and quickly sell or buy low-volume crypto.

Step #2: Registration

To purchase KSM on a DEX, you simply need a crypto wallet with crypto funds that you can trade for KSM.

Below, we’ll focus on centralized platforms such as Binance, as it’s a popular choice globally.

Binance Sign In page

To register on Binance, you need to provide your e-mail address or a valid phone number and create a strong password.

Binance allows customers to create accounts and perform limited transactions without submitting KYC information. However, to gain full access and increase higher deposits and withdrawal limits, you must complete the KYC verification process. You can deposit funds on the platform and start trading now that you’ve created an account!

Step #3: Deposit Funds

After verifying your account, you must deposit funds for purchasing KSM and other cryptocurrencies. Large platforms like Binance offer several options for fiat deposits. To buy Kusama, you can use a credit or debit card, bank account, or crypto from a cryptocurrency wallet. The payment method you use to buy KSM will be determined by the platform, location, and preferences.

You can also deposit your fiat funds onto your Binance account, trade them for popular crypto pairs, such as Bitcoin (BTC) or Tether stablecoin (USDT), and then exchange them for Kusama KSM.

NOTE: Always check and recheck the amount you want to deposit, as the transactions are often non-reversible.

A Few Tips for Beginners

Obtaining your first crypto as a novice can be a bit confusing, so here are a few tips to help you out:

Tip 1

Depositing BTC can take a little longer than depositing ETH and could come with higher fees. While low trading fees are never a guarantee, they depend greatly on your platform and the digital asset you purchase.

Tip 2

If you’re just starting, and this is your first deposit on a chosen platform, don’t go all in. Start with a smaller amount for your first deposit to gain exposure to various assets later. Once you get some experience, proceed to the amount you’d like to trade for Kusama tokens. Caution is never overrated, especially in the crypto world.

Tip 3

Before trading, check the token’s current price. The crypto market is volatile, and the KSM price fluctuates along with the rest of the crypto assets. Also, dive into trading strategies to make sure you know all risks and rewards.

Step #4: Buy Kusama KSM

Kusama price page
You can also buy Kusama on CoinStats

Voilà! Now you are all set to buy KSM. Go to the navigation bar at the top of the page and open Funds> Balances to check your balance. To place an order for Kusama KSM tokens, go to exchange> Basic. We’ll assume you have BTC to trade, but there’s no difference in the process itself. Select BTC in the top right corner and search for KSM to order a trade. The KSM /BTC trading pair should be displayed.

Again, check the amount you wish to trade, as the process is not reversible. Place your order, and you’re the proud owner of your very own Kusama KSM tokens!

What to Do With Kusama KSM Tokens

Kusama homepage
Kusama website

Once you buy Kusama KSM on Huobi Global, Binance, or any other platform, you can store, stake, or sell them. Let’s revise your options below.

Option #1: Store Kusama

If you believe Kusama is a profitable store of value and could increase in price, you can store the tokens for the long term. While you can keep your newly purchased KSM tokens right on the trading platform, many traders prefer to store their digital assets in their private crypto wallets. We distinguish between a Software Wallet (Hot Wallet) and a Hardware Wallet (Cold Wallet).

If you’re looking to trade KSM regularly, software or hot wallets provided by your selected crypto exchange will suit you. Software wallets are user-friendly and free to use.  They store your keys online and are less secure than hardware wallets, but their ease of use makes them ideal for newbies with a few tokens.

Hardware or cold wallets, such as a Ledger hardware wallet, are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. A hardware wallet also lets you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber-attacks, phishing sites, and malware. These are more suitable for experienced users who own large amounts of tokens.

Option #2: Stake Kusama

There’s nothing wrong with storing your Kusama in a hardware wallet. Hardware wallets, however, aren’t a great option if you intend to put your tokens to good use. Kusama Network provides a staking option for holders, letting them earn interest on their tokens.

Any Kusama token holder can generate income through validating transactions using their tokens and temporarily locking them on the Kusama, earning rewards for participating in the Proof-of-Stake consensus mechanism.

However, the KSM price is volatile, and staking could be risky. So make sure to monitor its market cap, price fluctuations, and cryptocurrency market general trends through various crypto portfolio trackers, such as CoinStats, CoinMarketCap, CoinGecko, or Messari.

Option #3: Sell Or Exchange Kusama Coins

Any trader can choose to exchange their Kusama tokens at any point during their journey. If you buy Kusama, then realize you don’t want to keep it any longer; you can simply exchange it for other digital assets or exchange it for fiat to leave the game entirely.

You can sell your KSM tokens on the same trading platform you purchased them.

Now that you have plenty of choices, we’re confident that your newly purchased Kusama will serve you well.


Kusama is a great network for experimenting with the effectiveness of new features before proceeding with the official launch on the Polkadot network. Kusama offers a flexible governance system, low staking requirements, and an elaborate reward system. If you want to participate in all the fun but are unsure where to start, this guide will hopefully give you a bit of direction.

It’s not possible to buy Kusama directly on Binance, but you can buy Bitcoin with a credit card or debit card on Binance and then exchange that for Kusama.

You can also visit our CoinStats blog to learn more about wallets, cryptocurrency exchanges, portfolio trackers, tokens, etc., and explore our in-depth buying guides on buying various cryptocurrencies, such as How to Buy Metaverse Index, What Is DeFi, How to Buy Cryptocurrency, How to Buy VeChain, etc.

Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.

Cryptocurrency is a highly volatile market, do your independent research and only invest what you can afford to lose. Performance is unpredictable, and the past performance of Kusama is no guarantee of its future performance.

There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider your own circumstances and take the time to explore all your options before making any investment.

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Trading for ADX, BIT, CHR and More Starts June 9 – Deposit Now!

Trading for ADX, BIT, CHR and More Starts June 9 – Deposit Now!

We’re thrilled to announce that Kraken now supports Ambire AdEx (ADX), BitDAO (BIT), Chromia (CHR), COTI (COTI), GensoKishi Metaverse (MV), Alien Worlds (TLM) and Terra Virtual Kolect (TVK)!

Funding and Trading

Funding is live, and trading will begin on June 9 at approximately 14:30 UTC. Keep an eye on the status page for updates.

You can add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Deposits require 20 confirmations (~5 minutes).

All tokens are tradeable against USD and EUR on Kraken and the Kraken Pro interface with the following price precisions and minimum deposits:

Asset Price precision  Minimum deposit
ADX 5 30 ADX
CHR 4 24 CHR
MV 4 8 MV
TLM 5 100 TLM
TVK 5 120 TVK


  • GensoKishi Metaverse (MV) trading is not available to residents of the United States, Canada and Japan.
  • Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).

Here’s what you need to know about the assets:

Ambire AdEx (ADX)

AdEx is a secure and transparent decentralized advertising platform. The protocol was created as an alternative to traditional advertising networks and reduces the ability for network users to report false data. The ADX token is used to create and bid for advertisements on the network.


BitDAO is one of the world’s largest decentralized autonomous organizations (DAOs). With a vision of open finance and a decentralized, tokenized economy, BitDAO looks to provide grants for development of decentralized technologies. These include decentralized finance (DeFi) protocols, governance products, privacy services, non-fungible tokens (NFTs) and more. ‌BitDAO is governed by BIT token holders.

Chromia (CHR)

Chromia is a Layer 1 blockchain and relational database for decentralized applications that aims to overcome the limitations of other networks, such as high fees or poor scalability. Chromia’s unique architecture makes it particularly useful for complex datasets. Chroma (CHR) serves as the network’s native utility token, allowing holders to pay for services across the network and earn rewards for helping to secure the network via its staking mechanism. 


COTI is a blockchain based decentralized payment platform created for enterprises, governments and decentralized application developers. COTI utilizes a directed acyclic graph architecture to increase scalability and decrease fees associated with sending digital payments. The COTI token can be directly transacted between users, staked for additional rewards or used to pay for service fees across the COTI ecosystem.

GensoKishi Metaverse (MV)

GensoKishi is the blockchain-based, play-to-earn-powered evolution of Elemental Knights, the popular MMORPG game. GensoKishi aims to build an online metaverse and economy where users can create, buy and sell in-game characters, assets and land. The MV token can be used for accessing exclusive games and events within the gaming metaverse and unlocking discounted prices for in-game items.

Alien Worlds (TLM)

Alien Worlds is a play-to-earn metaverse game where players use spacecraft to engage in missions and mine for valuable resources. A cross-chain bridge allows for the transfer of the game’s native token, Trilium (TLM), between Binance Smart Chain (BSC), WAX and Ethereum. TLM powers Alien World’s in-game economy and can be used to buy assets represented as non-fungible tokens (NFTs) and staked to participate in game governance.

Terra Virtua (TVK)

Terra Virtua is a blockchain-driven collectible platform focusing on virtual reality. Users can collect, display and interact with NFT collections through unique, social focused experiences. Terra Virtua is fueled by the Kolect token (TVK) and is used to create collectibles, farm exclusive NFTs and reward players for completing in-game quests on the platform.

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is also no guarantee of executing at a certain price for a market order. The availability and liquidity of the particular digital asset will impact these types of orders.

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

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LINK Remains Near 1-Month High, as ADA Extends Bull Run – Market Updates Bitcoin News

LINK Remains Near 1-Month High, as ADA Extends Bull Run – Market Updates Bitcoin News

LINK remained close to a one-month high earlier in today’s session, as crypto markets shook off some of Tuesday’s volatile moves. Although price volatility remained, bulls returned to show force, with ADA continuing to climb higher this week.

Chainlink (LINK)

LINK was trading around a one-month high during today’s session, following a recent four-day bull run.

The run commenced near a support level of $6.70, and took price above its recent resistance point of $8.80.

As a result of this move, LINK/USD rose to a four-week high of $8.95 late on Tuesday, with prices peaking at $8.86 so far in today’s session.

LINK/USD – Daily Chart

Looking at the chart, the move also comes as the 10- and 25-day moving averages crossed, which is the first time this has happened since March 20.

In addition, the 14-day Relative Strength Index (RSI) is hovering around 56.21, which is its highest reading in over two months.

So far, LINK bulls have relaxed following earlier highs, likely as bears re-entered at resistance. The question now is whether we will see a breakout this week.

Cardano (ADA)

Whilst LINK has risen for four straight sessions, ADA climbed for a fifth-consecutive day on Wednesday, as prices broke through resistance.

ADA/USD rallied to an intraday peak of $0.6537 earlier today, which is its highest point since May 31.

Today’s move saw prices push past the ceiling of $0.6460, hitting a nine-day high as a result of this surge.

ADA/USD – Daily Chart

While bullish momentum is still present in ADA, traders will likely be looking to go from a one-week high, to a one-month peak, by eclipsing the $0.6897 point.

One resistance has already been eclipsed, as the RSI moved beyond its ceiling at 54.50, and hit a two-month peak.

A drive to the $0.6897 point could come as early as this week, and if it does, bears will likely be waiting to hold the line of resistance.

Which token will break out from resistance first, LINK or ADA? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cardano Metaverse Project Cardalonia Releases Staking Platform, Set To Release Playable Avatars On The Cardano Blockchain

Cardano Metaverse Project Cardalonia Releases Staking Platform, Set To Release Playable Avatars On The Cardano Blockchain

Cardalonia, a Cardano Metaverse project has announced the launch of their Staking platform and according to the roadmap, a user playable NFT clan of Cardalonia Blockchain is scheduled to be released by late 2022.

Cardalonia when fully launched will allow users to customize their experiences in the Cardano virtual world where players can build, own Lands and personalize their Metaverse experiences on the Cardano Blockchain.

Cardalonia Flexible Staking

The team at Cardalonia recently released the project’s flexible staking vault. The vault allows token holders to stake their $LONIA to enjoy a wide range of benefits, including early pre-sale land sale tickets, DAO governance, and compounded monthly rewards.

Have some Lonia token? You can start staking immediately

The auto-compounding and flexible staking protocol function the same as the Cardano Stake Pools. When you stake your $LONIA tokens, you stand a chance to earn continuous passive income at an interest rate as high as 20%.

Users looking to get $LONIA tokens before it gets listed on exchanges can do so by participating in the Lonia token sale page.

Cardalonia Features

Cardalonia is an exciting metaverse where you are free to create NFTs and earn from your efforts and commitment. Here are some of the things that make Cardano different from other metaverses:

  • Immersive & Captivating Experiences: All actors within the Cardalonia metaverse will enjoy immersive and captivating experiences. Players will be able to interact with each other and their virtual characters. Players will also enjoy human-like experiences.
  • Decentralization: Cardalonia is highly decentralized. All assets in the game are represented by NFTs. This means you can buy, sell, or trade assets for monetary gains.
  • Governance: Cardalonia will evolve into a DAO where decisions about the future of the project are decided. Only token holders will have a chance to participate in the governance decision process.
  • Land: To enjoy playing Cardalonia, you must first purchase land using your $Lonia token. As a landowner, you can freely deploy your Avatar and assets to the land.

How To Buy $LONIA Token

Lonia token sale is live, interested investors can visit the token sale page to Acquire some Lonia tokens at the cheapest price here

Here are the token stats:

  • 1 ADA = 13 $LONIA Tokens
  • Sales duration= 6 Epochs
  • Seed sales allocation: 15,000,000 tokens
  • Minimum buy: 250 ADA

$Lonia operates like other metaverse tokens and has different use cases, including:

Access To The Cardalonia Platform

The $Lonia token gives you access to the Cardalonia platform. Access means the ability to buy Land and other in-game assets.


$Lonia is a stake-able token. You can stake your tokens and earn up to 25% APR as passive income. Staking your $Lonia will keep increasing your asset value.

Want To Make Money As a Creator?

Creators looking to make money can do so on Cardalonia. There are two ways to make money as a creator on Cardalonia:

  • Game Assets: The first method is to create game assets, represented by NFTs, and import them onto the marketplace to sell for profits.
  • Land Ownership: Secondly, you can acquire land, develop it, build your metaverse on the land, or lease your property out to earn rental income.

Visit for more information.


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Budweiser races into Zed Run’s NFT games

Budweiser races into Zed Run’s NFT games

Popular beer manufacturer Budweiser has teamed up with Zed Run to deploy tokenized Clydesdale draft horses in its virtual NFT-based horse racing and wagering game.

The latest move from Budweiser adds to the $120,000 it spent on nonfungible token fan art and the beer.eth domain name it purchased via the Ethereum Name Service in August 2021.

Zed Run was founded by Sydney-based Virtually Human Studio in early 2019, and its racing horse NFTs initially went for around $30 to $80 to mint but have since gone on to be highly sought-after assets that trade for thousands of dollars on secondary markets. One user sold a single racehorse for as high as $125,000 in April 2021.

As part of the deal with Zed Run, the two companies will launch a Budweiser-themed race track, Budweiser NFT passes, prize pools for Bud-sponsored virtual horse races starting at $45,000, and three tiers of airdropped Clydesdale NFT skins that are usable in Zed Run.

Budweiser Clydesdale NFT: Zed Run

The Budweiser Clydesdales are a well-known group of horses used for company promos and commercials, with the beer makers being a major sponsor of horse racing events across the globe.

There will be 2,500 Budweiser Pass NFTs in total that will go up for sale (to users aged 21 and over) for a maximum of 24 hours starting on Friday. The NFTs will cost $225 a pop, plus gas fees.

Zed Run will host two Budweiser Racing Challenges in July and September, both of which will have prize pools of $45,000. There will also be a $95,000 tournament in December that also offers the chance to win a year’s supply of Budweiser beer.

Hodler’s of the NFTs will be airdropped Cyldesdale skin NFTs in July that can be used to spice up existing racehorse NFTs from the game, and they will also receive Budweiser t-shirt wearables that can be worn by avatars in the Decentraland metaverse, where Zed Run’s virtual headquarters are located.

The duo is rolling out three different versions of the horse racing skins NFT in varying quantities: 1,600 Classic Clydesdales, 800 Bud Bottle Clydesdales and 100 Gold Clydesdales.

After all of the tournaments have been completed, the project will also offer rewards to anyone who burns their Budweiser pass NFT; however, the specifics have not been revealed yet.

Spencer Gordon, vice president of consumer connections at AB InBev — Budweiser’s beer producer — noted that the move marks “an example of how we’re constantly innovating and leveraging new technologies, like NFTs, to create memorable experiences for fans and bolster our brand.”

Related: $72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees

Zed Run also enables users to bet on virtual races, trade NFTs and breed new tokenized racehorses via mating stallions or colts with fillies and mares.

In July 2021, the project raised $20 million worth of Series A funding in a round that was backed by Red Beard Ventures and crypto venture capital giant Andreessen Horowitz.

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