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How Much Can I Borrow For A Mortgage?

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There are two questions we are asked on an almost daily basis. “Can I get a mortgage in my situation?” and “How much can I borrow?”. In this article, we’ll be exploring the latter.

Historic Rules

Back in the ’80s and ’90s, there was little technological intervention in the mortgage application process. You would make an appointment with your local Building Society Manager, and they would conduct an interview with you.

More often than not, they would encourage you to bank with them until you prove yourself credit worthy. Following this period, you would then be granted the equivalent of an Agreement in Principle by the manager, including advice on how much they were prepared to lend you.

Some people see this as a highly personalised process and a common-sense approach. However, at times it led to inconsistent decision-making as the lending manual was left to be interpreted by the manager. In other words, you could have approached the same Building Society in a different town or city and obtained a different outcome.

With a view to making it fairer and cut costs, Lenders moved to automated affordability calculations. “Caps” were applied so they wouldn’t lend you more than, say, 3 or 4 times your household income.

As the 2000s progressed, Lenders were becoming increasingly generous with the amount they would lend. Some Lenders even began to offer self-certified mortgages where no background checks would be carried out.

Then, in 2008, the market crashed. The following couple of years saw the Lenders batten down the hatches and created an extremely cautious, lending environment. This made it harder for many people to get on the property ladder.

Nowadays Approach

Following the recovery of the marker, the regulator launched the Mortgage Market Review (MMR) in 2014. This was a new set of guidelines for Lenders to adhere to which saw the end of old-style income multipliers which did not account for household expenditure.

Before 2014, two applicants with the same income could borrow roughly the same as each other. This was irrespective of how much they spent each month. But then we saw the introduction of new affordability models, exploring how applicants managed their money on a monthly basis.

There is still a “cap” in place with most Lenders not going past 4.75 times your annual income. However, they now consider your spending habits before deciding how much to lend. For example, if you have high childcare costs, lots of credit commitments and a student loan, they will offer you less than your friend who doesn’t have any of that expenditure.

Here at ManchesterMoneyMan.com, we are constantly surprised by the large variations from lender to lender. Some Lenders seem to penalise low earners (perhaps they are not looking for that type of applicant). Others see pension contributions as a fixed outgoing so would often lend less to individuals who are paying more into their pension.

It really is horses for courses and if you need to maximise your borrowing capacity to obtain the home you need to buy then you will need a local Mortgage Broker on your side. Someone who can research the market on your behalf to see if anyone will lend you the amount you need given your unique circumstances.

How Much Can I Borrow?

If you’re wondering “How Much Can I borrow?” and looking to take out a mortgage, you should sit down with an Advisor and work out your finances together to ensure that the repayments feel comfortable to you.

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COTI Price Soars Over 74% in a Week

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COTI Price Soars Over 74% in a Week
  • In the last 7 days, the COTI price soars over 74%.
  • Within seven days COTI price was gained from $0.33 to $0.57.
  • COTI has been listed in the Crypto.com App.

The first enterprise-grade fintech platform which is designed to develop the private payment solution and digitize any currency is the COTI platform. Recently COTI has reached its new all-time high (ATH) of $0.6665. And in recent days it continuously showing a bullish trend. And in the last 7 days, COTI price soars over 74%.

COTI helps companies to easily create advanced fintech products and save time, data, and money. The platform’s application COTI pay will process all types of payment both online and offline payments in crypto and stablecoins.

In the COTI platform, users can issue their own created stablecoins and get control over both their money and their data. COTI platform made the system more secure for buyers and traders. It provides users a trusted, faster and reasonable payment mechanism.

Current Market Status

At press time, the COTI price is waving at $0.5748 with a 24-hour trading volume of $627,748,180. As per CoinMarketCap, the circulating supply of COTI is 868,672,118.03 COTI. Currently, traders can trade COTI in top exchanges such as Huobi Global, Binance, Mandala Exchange, ZT, and HitBTC.

The above chart displays the 7 days price chart of COTI, it shows a continuous bullish trend. In the last 24 hours, COTI gained 12.73%. And in the last 7 days, COTI has soared over 74%. Within seven days COTI price was gained from $0.33 to $0.57.

Recently, COTI has been listed in the Crypto.com App. It supports over 100 cryptocurrencies and stablecoins that include the leading cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), and so on.

Furthermore, the users of Crypto.com can now purchase COTI using USD, EUR, GBP, and other fiat currencies. Therefore, this might be the price soar for COTI. And traders can expect more bullish in the coming days, with the upcoming updates, announcements, and upgrades.

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Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

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Picture of a gold bitcoin next to a silver Ethereum coin

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region. In light of this, large amounts of crypto are being moved from exchange wallets to presumably safer wallets.

The transactions are thought to be going to cold wallet storage. Crypto crackdowns in the country caused a surge in USDT sell-offs against the Yuan as users tried to get rid of their crypto holdings before the ban takes full effect. The latest release by the Peoples Bank of China targets over-the-counter activities like those carried out on Huobi and OKEx exchanges and declared that changing fiat to crypto or crypto-to-crypto was now regarded as an illegal activity in the country.

Related Reading | Billionaire Mike Novogratz Says He’s “Not Nervous” About Crypto Sell-Off

$3.1 Billion in Bitcoin and $2.4 Billion In Ethereum Moved

After Huobi announced it was going to retire Mainland China’s active user accounts, the exchange had begun to move funds. The exchange had moved a total of $3.1 billion worth of BTC on Sunday. The activity was flagged by btcparser which had flagged the initial transfer of 72,999 bitcoins being moved from Huobi’s wallets. Subsequent transfers were then made in 2,000 BTC increments. 1,800 bitcoins then went to a single address and the rest got split into small wallets. This strikes as odd but could possibly be the exchange moving the funds in the way they deem the safest.

Huobi exchange moves 800K ETH | Source: Whale Alert

Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum

The Ethereum transfers took a different route. Wallets that had been flagged as belonging to the Huobi Exchange then began to move Ethereum into unknown wallets. By the time the transfers were done, 800K ETH had been transferred. A total of eight Ethereum transactions were made, each carrying 100K in ETH worth over $285 million on each transaction. Adding up to a total of $2.4 billion in ETH moved to unknown wallets.

Exchanges Retiring Chinese User Accounts

Exchanges, following the release of the latest ban, responded by explaining that they would begin retiring user accounts. The process was meant to happen gradually in order to ensure that users’ funds remained safe. Mainland China user accounts are scheduled to be retired on December 31, 2021, the last day of the year. This gives investors roughly three months to put their crypto affairs in order. But despite this long time frame, the rush to get rid of crypto holdings saw price quotes for USDT drop to as low as 6.12 Yuan per USDT.

This is not the first time that China has banned crypto actives in the country. And every time one of these bans was announced, it has had a negative effect on the market and the latest ban has been no different. The announcement saw a crash in prices across the crypto market. Although the market has since recovered. While the effects of the crash linger on.

Ethereum price chart from TradingView.com

ETH price down following crackdown | Source: ETHUSD on TradingView.com
Featured image from DigitalTokens.io, chart from TradingView.com
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Trace Network Offers an Extremely Rare Brew as World’s First Craft Beer NFT

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Trace Network Labs, which recently announced its foray into the world of NFT and Metaverse, is bringing its first among many Lifestyle items that can be carried to ANY metaverse. Trace has onboarded Vietnam’s award-winning 7 Bridges Brewing Company to launch limited-edition craft beer NFTs that will be metaverse-ready.

Considered one of Asia’s most innovative craft breweries, 7 Bridges Brewing Company has created the iNFTy range of beer which will be limited to only 110 bottles. Out of these, 99 bottles of extremely rare Grand Cru beer will be tokenized and made available to those who own the NFTs. The remaining 11 bottles will be held as brewer’s reserve.

The NFT Beer

As a part of the collaboration, Trace Network will introduce 99 unique 3D object artworks created by 7 Bridges as NFTs, each representing a bottle of extremely rare beer brewed from a special recipe that will never be used again.

Each NFT artwork representing a bottle of iNFTy Craft Beer is unique and numbered. The artworks capture the deeper meaning of its numeral, drawing inspiration from history, science, pop culture and mysticism. The corresponding bottle, represented by the NFT will feature the unique artwork label and be cellared in ideal conditions until physically claimed by the owner.

Owning the NFT

To own the treasured bottles of 7 Bridges iNFTy craft beer, users have to participate in the upcoming global auction on Trace Network’s Bling platform – a luxury and lifestyle NFT marketplace. The auction winners will not only become eligible to gain possession of the extremely rare beer and enjoy it but also carry them into any metaverse. They can also trade or transfer these NFTs like any other ERC token.

Enabling an Experience

Trace Network Lab’s partnership with 7 Bridges Brewing Company is the latest in a string of collaborations with premium lifestyle brands the platform has forged in recent days.

Trace aims to enable the metaverse “residents” gain limitless experience in different virtual worlds by helping them use “wearable” and “consumable” luxury & lifestyle NFTs that are created by brands as a digitized version of their real-world products offerings.

By enabling brands to create NFTs and cater to the metaverse users’ aspiration to own their products not only in the physical but also the virtual world, Trace Network has become the de-facto gateway between these two worlds for luxury and lifestyle products.

 

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Crypto Roundup: September 27, 2021

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Crypto Roundup: September 27, 2021

Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings.

First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the dip, only for the gains to be erased on Friday as Chinese authorities announced yet another crypto crackdown.

When the dust settled, Bitcoin and Ethereum were both sitting slightly higher with 2% and 5% weekly gains respectively. DeFi tokens however, enjoyed even bigger wins in anticipation of more Chinese users being forced into the DeFi wilderness. Exchange protocol Uniswap has risen 23%, while up-and-coming platforms Tezos and Cardano are celebrating 25% and 8% gains.

This Week’s Highlights

  • China ban fails to sink Bitcoin
  • Twitter accelerates crypto adoption
  • eToro launches DeFi Portfolio

China ban fails to sink Bitcoin

Digital asset traders were left with déjà vu on Friday as Chinese authorities announced yet another crypto crackdown.

The Chinese central bank said in an announcement that all crypto-related activities are now illegal, including exchange services between cryptoassets, and between fiat currencies and cryptoassets.

Bitcoin tumbled on the news, but soon recovered on a wave of optimism about the opportunity for adoption elsewhere. Weighing in on Twitter, U.S. Senator Pat Toomey said that “China’s authoritarian crackdown on crypto” represents “a big opportunity for the U.S.” to take part in what is “arguably the most exciting innovation in finance in decades.”

Twitter accelerates crypto adoption

Twitter has taken crypto another step closer to full-blown mainstream adoption by enabling Bitcoin tipping, and revealed plans to roll out an NFT authentication feature.

Tipping, which is currently only available on iOS, uses Bitcoin Lightning Network to allow anyone to receive direct donations from profile visitors. NFT authentication on the other hand, is expected to allow users to connect their wallets to showcase their NFT collections.

Alongside Reddit’s Moon Tokens on Ethereum, and Facebook’s ongoing Diem project, crypto now looks set to be a permanent feature of social media. This could lead more otherwise uninterested social media denizens to develop cravings for cryptoassets over the next few years.

eToro launches DeFiPortfolio

The DeFi revolution has begun, and the dizzying pace of innovation is making it difficult for even the most informed investors to keep up.

eToro is now offering an easy way to stay ahead of the growing decentralized finance movement. The DeFiPortfolio bundles together the top decentralized finance projects, giving you exposure to every corner of the ecosystem — from Uniswap to Yearn.Finance and more — without having to spend hours on research.

Learn more about eToro’s newly launched DeFiPortfolio.

Week ahead

As September draws to a close, analysts including Galaxy Digital’s Mike Novogratz are anticipating a bullish fourth quarter.

In October, the biggest upcoming price catalyst could be the approval of a Bitcoin ETF. Bloomberg analyst Eric Balchunas gives this a 75% chance.

On the bearish side, Washington now has crypto firmly in its regulatory crosshairs. Jake Chervinsky, crypto lawyer at Compound, expects enforcement activity from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in the next two weeks as the agencies seek to boost performance before the end of the fiscal year.

 

Image by Gerd Altmann from Pixabay

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Crypto Market Analysis: September 27, 2021

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Crypto Market Analysis: September 27, 2021

Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins.

BTC entered last week on a downward trend and had already hit a low of $40,500 by Wednesday morning, but it was recovering steadily until the news from China knocked it down more than 8% on Friday. The price then stabilised before a jump on Sunday and returned to over £44,100 this morning.

ETH likewise hit a weekly low on Wednesday, touching £2,700 before a climb back up to over $3,100. Following its own fall of over 9% on Friday, ETH then stabilised along with BTC over the weekend and was trading again at over $3,100 this morning after strong gains on Sunday.

Twitter launches crypto features

Social media platform Twitter has launched a series of crypto-related features on its platform.

Users will now be able to tip popular tweeters in bitcoin through Strike, a third-party payments app built on the Bitcoin Lightning Network. iOS-based Twitter users will now be able to access the Tips feature while the platform says it will roll out Android functionality soon.

The company is also looking to make non-fungible tokens (NFTs) more prominent on the platform, giving creators more tools and moderation functions. Twitter says it is exploring NFT authentication which would let users connect their crypto wallets directly to their social media accounts in order to display their owned artwork on their profiles.

Sorare secures bumper $680 million SoftBank funding

NFT marketplace Sorare announced on Wednesday that it has secured a mega $680 million funding round led by high-profile Japanese tech investment house SoftBank.

Sorare is a marketplace for non-fungible tokens (NFTs). The platform is now valued around $4.3 billion after the Series B funding round. SoftBank led a previous round of investment in July, injecting $532 million. The firm plans to use the fresh cash injection to expand its sports NFT offering.

The firm will expand its football portfolio of NFTs by seeking partnerships with football leagues and associations. It has already secured deals with French heavyweight team Paris Saint-Germain, English Premier League champions Liverpool and the Spanish-based La Liga league.

Sorare is also looking at diversifying its NFT offering, exploring sports beyond football. Issues have arisen among other sports, however, as major leagues such as the NFL in the US specifically proscribe players and clubs from creating or selling NFTs.

Evergrande causes rollercoaster week for crypto markets

The news has been heavily focused on events in China in the past week, with crypto not immune from the permutations.

Early in the week, news began to emerge of the Evergrande crisis which sent contagion spiralling through all markets. Cryptoassets felt the effects as the broad-base selloff took hold on Monday.

Evergrande has massive debt exposure – over $300 billion – and has failed to make payments on time to its creditors. The implications for wider crypto markets are not direct, but with debt fears looming, cryptoassets such as Tether could be affected.

Stablecoins like Tether are pegged to fiat currencies such as the US Dollar. But to maintain the peg they require holdings to match the value of the cryptoasset. Many can’t hold large amounts of cash and instead use commercial paper – a form of short-term debt – to account for the value.

The issue here is that, with Evergrande creating 2008-style contagion risk for debt markets, stablecoins could run into trouble were the commercial paper they hold to lose value. Unfortunately, as such a crisis is unprecedented, it remains to be seen what will happen next.

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.

All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly available information.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

 

Image by Roy Buri from Pixabay
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Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes

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Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes

As Bitcoin and other cryptos gain more credence, many top shots in diverse industries embrace the crypto community.

Many companies, including Tesla, had accepted BTC payments once, and even a country like El Salvador is now using it as a legal tender. So, it’s not surprising that Morgan Stanly, an extensive American Investment bank, will buy shares of a Bitcoin Trust.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

In a recent development, the bank acquired 58,000 shares of Grayscale Bitcoin Trust. It had previously owned some shares of the Trust, including the 28,289 shares bought earlier in 2021. This latest addition has increased the number of shares that the bank holds across many portfolios.

The investment bank disclosed this latest purchase through an SEC filing showing that it bought the shares on July 31, 2021. At the time of writing, the price of Grayscale BTC Trust stands at $32.55. The bank “Insight Fund” holds 928,051 shares which depicts a $31.7 million worth of shares for one of Morgan Stanley’s portfolios.

The Grayscale Bitcoin Trust is currently trading in a downward momentum | Source: GBTCUSD on TradingView.com

The bank’s announcement in April 2021 has added Bitcoin assets to at least 12 of its funds through the Grayscale BTC Trust plus Cash-settled Futures. The accumulated figure shows 6.5 million GBTC shares.

Companies Holding Grayscale’s Bitcoin Trust

Apart from Morgan Stanley, another investment bank pushing into BTC exposure is JP Morgan. It is the second-largest GBTC shareholder, while Cathie Woods Ark Investment remains in the first position to date.

Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan

The firm disclosed in July that it had added over 450,000 GBTC shares in two purchases. Many others with GBTC shares include Goldman Sachs, JP Morgan, and BlackRock.

Featured Image from Pixabay, chart from TradingView.com

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Zoracles to Launch Unibond Financial NFT Marketplace

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A credit score is a statistical value or number that helps lenders assess the creditworthiness of their customers based on their past credit and repayment history. Zoracles has developed an on-chain solution called the Zora Score to calculate the creditworthiness of an Ethereum wallet based on factors such as the age of the wallet, DeFi activity, and loan repayment.

Credit scores are standard in traditional finance and are necessary for making and issuing loans. Zoracles has developed an API for Zora Score that allows decentralized crypto lending platforms to not require collateral due to their algorithmic scoring. This was the first in cryptocurrency projects and protocols.

The Zoracles product team will implement the Zora Score in an NFT marketplace to serve as a data point for buyer and seller reputation. Hacks are common in DeFi, and this metric protects market participants from transacting with people with a bad DeFi reputation or in connection with banned wallets.

Zora Score was very different from the typical scoring system of a rating agency. Consumers have the opportunity to enhance their traditional creditworthiness with complementary products and services from companies like Credit Karma and credit partners like banks.

In this era of financial uncertainty and rapid advancement, the pace of crypto protocol development is no different. Zoracles has contacted several major protocols that have requested submission of their Zora score before implementation. The team then developed an NFT exchange product to meet the needs of more extensive lender protocols and generated a lot of interest in the standalone product. The product has evolved and includes not only exchanges of NFTs, but also data analysis to assign value to these NFTs.

Next Evolution: Unibond

In early May, Uniswap v3 introduced a concept called concentrated liquidity positions, expressed as NFT. Generally, liquidity providers are tasked with specifying a price range for their token pairs. These positions are converted to NFT based on the unique parameters underlying each asset.

Uniswap v3 NFT is currently an underserved market, while art and collectibles NFTs will have sales of more than 2.3 billion in 2021.

Zoracles plans to use as much data analytics as possible to help buyers and sellers fix the price of your liquidity positions based on the percentage of time spent in the area and other factors the team is currently considering, including historical APY. This would resolve an essential missing piece that other Uniswap NFT Assets NFT markets have that do not guide the price of this new asset class.

 

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Acala Partners With Blockdaemon To Launch Staking Derivatives For DOT, KSM

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Acala Partners With Blockdaemon To Launch Staking Derivatives For DOT, KSM

Acala, a DeFi platform that is built on the Polkadot ecosystem, announced its partnership with Blockdaemon. This partnership with a leading blockchain infrastructure platform is to support its first liquid staking derivatives for DOT and KSM.

Significantly, Acala’s DOT and KSM Liquid Staking, the first staking derivatives in Polkadot and Kusama ecosystems. It brings a new class of financial products and creates new cases for DeFi users and developers. The product which was released today is Acala’s Kusama-based blockchain, whereas the Polkadot-based blockchain is soon to be launched.

Additionally, over $21 billion in liquidity is staked on the Polkadot ecosystem currently. Whereas, Kusama has about $2 billion but these assets are locked which is unable to benefit from other DeFi applications. On the other hand, users have to wait for a long-period to redeem their assets. Polkadot (DOT) users have to wait 28 days and Kusama (KSM) users have to wait for 7 days. The significant reason for the Acala team to launch staking is to address these challenges and unlock billions of dollars in liquidity for DOT and KSM networks.

Acala partner Blockdaemon recently became a unicorn raising over $155 million in Series B funding round, with a $1.255 billion valuation, establishing it as the world’s largest blockchain infrastructure company. This funding round was led by SoftBank Vision Fund 2* while the participants were Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.

More so, the latest round funding will aid Blockdaemon’s international expansion, which allows the firm to hire high-class talents. Furthermore, the new funding will enable the firm to make strategic acquisitions to supplement its already robust technology stack.

First Liquid Staking Product

A product which is launched today on Karura parachain is the first Liquid Staking product of Acala. It is KSM Liquid Staking (LKSM), which allows users to stake their KSM while maintaining access to its liquidity.

Moreover, users will receive LKSM when they stake KSM on Karura but then it also includes staking rewards. Currently, those who stake KSM for LKSM will earn approximately 16% APR in staking rewards. On the other hand, they can also enjoy the benefit from LKSM being an unlocked token that offers access to KSM liquidity for other DeFi uses.

In addition, LKSM offers low staking minimums, where early unbonding allows users to exit staking positions instantly. Users don’t require to wait for 7 days unbonding time, since users can unbound any time for a small fee.

Acala Partners Blockdaemon As First Validator

Blockdaemon is the top blockchain infrastructure platform for node management and staking. Exchanges, custodians, crypto platforms, financial institutions, and developers use Blockdaemon to bridge stakeholders to blockchains. It enables users to transact, earn and stake via nodes with security, scalability, and reliability.

Acala announced the first validator in its Liquid Staking Validator Program, Blockdaemon which will run validators for the KSM Liquid Staking pool. From today, Blockdaemon offers the KSM Liquidity Staking pool participants low commissions and no-slash guarantee.

However, the Acala team is kicking off a new liquidity mining program to reward the community. Users can earn rewards in two ways, where they can stake KSM for LKSM and earn by staking newly minted LKSM or offer liquidity for new LKSM/KSM pair. Moreover, the participants who want to join the Liquid Staking validator program can apply and validate on Polkadot and Kusama.

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Green Beli Raises $1.1M for its Eco-Friendly NFT Gaming Project

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Green Beli Raises $1.1M for its Eco-Friendly NFT Gaming Project

Undoubtedly, climate change has brought numerous problems to the world. The activities of man, which mainly centers on industrialization, have created a grave issue that will only take the combined efforts of everyone to solve. Although we can’t dispute the countless benefits of industrialization, the climate is the one paying the repercussions of human affairs.

The past year has seen world leaders clamor about addressing climate change and set up targets to save the world from the frequent forest fires, coastal flooding, extinction of animals, rising sea levels, carbon emissions, and so many more. However, more collaborative efforts are desperately needed to effect the kind of change that is required.

Technology and industrialization are often accused of worsening the climate. While this is true, technology can still play a huge part in making the change the whole world clamor. Rather than pointing fingers, technology should be deployed as a way to correct the climate. This is where blockchain comes in.

Funding initiatives amassed major traction from investors

Green Beli may be relatively new to the scene, but it still addresses the problem the world has been facing for decades. Founded in 2019, Green Beli’s mission is to promote an eco-friendly lifestyle and reduce plastic wastes by engaging in campaign awareness through the media. Green Beli has contributed immensely to the environment, and now, it has come out with a new project known as the Green Beli NFT Game.The project also envisions combining the Green Map, the genesis project with the game, therefore building a green metaverse. The have fascinating plans for a greater contribution to the NFTs & Gaming ecosystem.

The latest project is Green Beli’s way of raising funds to promote its eco-friendly activities. Green Beli commits at least 30% of revenue from the sales of tree seeds, land & NFT items, or 10% of the total Green Beli Ecosystem Fund, allocated to community and environmental initiatives. The game is based on the concept of saving the world one tree at a time and utilizes the blockchain platform to achieve its goal. The characters are in the form of Green Hero NFTs – Fire, Earth,Wood, Water and Metal. These trees are upgradable and come in different rarities

The funding round witnessed participation from BSCStation, Basics Capital and some of the biggest names in the blockchain venture capital. Onebit, FIM Ventures, AU21, X21, and Momentum 6 were some of the prominent names involved. Green Beli raised $1.1M funding, highlighting the ecosystem growth around environment and sustainability. Green Beli was also selected as one of the top 6 gaming projects in Game2Blockchain event accelerated by Axie Infinity, Tomo Chain, Kyber Network and other partners.

An NFT marketplace is available in the game that allows trading between various players. Players can purchase NFT items and lands where they can grow trees. Growing a collection of trees qualifies you for PvP, and you can farm to earn more rewards. Plus, you can boost the stats of your trees with Fusion.

Revolutionizing the NFT Gaming Landscape with Solid Roadmap

Green Beli NFT Game uses GRBE tokens as a medium of exchange. After the successful IDO on BSC Station, the token is currently listed on leading BSC DEX, Pancakeswap. It is the game’s native token that allows the purchase of items in-game. These tokens can also be offered as a reward. The game’s growth will positively impact the token’s price and as you amass more trees, you could earn profitably. In addition, GRBE tokens will be given out, and new ones will be created to maintain the game’s growth and its price. Green Beli’s current plan of action also involves preparing an open Tree for Seed Sale with 20.000 Seeds by the September end.

 

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Newly Added Crypto Assets: DAOS, RVL, ARATA

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Newly Added Crypto Assets: DAOS, RVL, ARATA

As the crypto world evolves, the investors for crypto tokens are gradually increasing. The number of users that the crypto industry has gained is enormous which is achieved within a decade. As users surge up in the count, on the other hand, the launch of new tokens is also surging in number.

Significantly, the crypto market initially began to witness new coins in a month which took the next step to weeks. Recently, the market witnesses new coins each day whereas, after the boom of crypto space people began to witness new coins every few hours. This routine has become usual and still, the crypto market leads the digital world.

Similarly, the newly added coins for the day are CyberTime Finance (DAOS), REVIVAL (RVL), and Arata (ARATA). These coins were added to the list just a few hours ago. Investing in new coins might generate a gain for investors but at times the price may fall and lead to disappointment.

Issued On Blockchain Of BSC

All these three tokens DAOS, RVL, and ARATA operate on the blockchain of the Binance Smart Chain (BSC). At the time of writing, the price of DAOS, RVL, and ARATA are $0.0114, $0.000000002992, and $5.85 respectively.

Additionally, DAOS is actively available in the ApeSwap exchange where the trading pair is DAOS/WBNB. Similarly, RVL is available in PancakeSwap (V2) with trading pair RVL/WBNB. ARATA is currently traded in DODO BSC and PancakeSwap (V2), its trading pair is ARATA/WBNB.

As these coins are issued on the Binance Smart chain, they may reach highs real soon. However, for the past few hours, the price chart of the coin has been in a downtrend. Consequently, this trend won’t continue as it has a high possibility to march towards an uptrend. If investors think that these coins will reach heights then it’s price may boost in the near future.

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