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ABC of Student Loans

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Are you near to graduating high school and you are in need of money to continue your education at a university? Student loans can help you build the path to a successful career!

These are a type of consolidation loan and they were created to help students achieve their goals, get a diploma in the field they desire and manage to create a strong financial situation. Before you can become eligible for a student loan you have to fill out a form called FAFSA, which can be found at your school or you can also download it online.

The service offered by through the internet is quicker and easier. After you have sent this form with the necessary information and answers you will get a notification back which will tell you how much money you can borrow and under what conditions. Various types of student loans exist. You have to be well informed of the types and their terms. Every country has different ways, so you should go to your local school for additional information or log on to the internet and search for the necessary info which is available in your country.

When you apply for a loan be sure to read the contract very carefully and ask if something is not clear. Don’t borrow an amount of money which you won’t be able to pay back and choose a period of time best suitable for you and your income, or the income of your parents. You don’t want to end up with debts so be attentive and safe. Also if you notice some problems in the process of repayment, there are student consolidation loans available which can help you organize your payments. Also don’t forget of the possibility of receiving scholarships if you are a leading student.

Education is very important and the government wants to help you somehow, but you are the main person, you have to be smart and arrange your goals and opportunities in the proper way. So don’t be ashamed of using personal, direct or student loans to achieve your goals because in the end all is worth it. Your education forms your way of life! Polish it and use every help you can get!

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Morningstar Ventures Commits $15 Million USD To Invest In Projects Building On Elrond Network And Opens An Elrond Incubator in Dubai

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Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

Dubai, UAE, 13th October, 2021,

Morningstar Ventures, the dynamic accele rator of ambitious ideas in the blockchain space, has announced a $15 million USD investment fund aimed at projects building with Elrond blockchain technology, as well as a new strategic Elrond Incubator in Dubai.

Morningstar Ventures is a blockchain innovation firm that drives the proliferation of decentralized technologies through strategic placements in startups that it supports with funding, advisory and ecosystem building.

Elrond Network is the internet-scale blockchain that is currently capable of processing 15,000 transactions per second and can scale beyond 100,000 TPS, thanks to its groundbreaking Adaptive State Sharding technology that enables it to scale with demand by adding new shards as needed.

The smart contracts execution platform is carbon-negative by offsetting 25% more CO2 than its network of 3,200 Validators spread all over the world is accountable for. This makes the Elrond Network a truly sustainable, decentralized and highly performant blockchain infrastructure for DeFi, NFTs, IoT and the new internet economy.

“Elrond’s rapidly evolving internet-scale blockchain technology is perhaps the most advanced in the space, which creates an asymmetric opportunity for Elrond to rapidly catch up with – and perhaps even surpass – the biggest blockchain ecosystems.” said Danilo S. Carlucci, Morningstar Ventures Co-Founder and Chief Investment Officer. “We’re thrilled to take this opportunity and build alongside the hardest working team and most engaged community.” 

Morningstar Ventures is ready to mobilize significant resources to raise awareness about opportunities in the Elrond ecosystem and will invest $15 million USD into disruptive decentralized projects building with internet-scale technology.

The first project to receive a strategic placement from the Morningstar fund is holoride, the Audi-backed extended reality media platform that seeks to add new dimensions to every car ride through the use of Virtual Reality, in-motion sensors, and haptic feedback devices, with a fair, transparent and sustainable content economy running on the Elrond blockchain.

Morningstar Ventures’s Elrond Dubai incubator will be focused on seizing strategic opportunities for the Elrond ecosystem in the UAE and across the Middle East and North Africa (MENA) region, where blockchain technology sees rapidly growing interest at institutional and government levels.

“The explosive growth of the Elrond ecosystem happened with an unstoppable team building internet-scale technology and an amazing community supporting them. Now, major players such as Morningstar Ventures are making significant long term commitments aimed at the rapid adoption of our tech.” said Beniamin Mincu, Elrond Network CEO. “This signals the start of the next explosive growth phase for the Elrond ecosystem, where driven builders will leverage powerful devkits to  innovate at the forefront of the blockchain Supercycle.” 

Extraordinary teams looking to build with Elrond technology, that are at least in an advanced ideation phase, can reach out to Morningstar Ventures to apply for funding and support by sending an email at [email protected]

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

To find out more, visit the Elrond website at www.elrond.com

Join Elrond on Telegram: https://t.me/ElrondNetwork

Keep up with Elrond on Twitter: https://twitter.com/elrondnetwork

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Bank Of England Seeks To Strengthen Cryptocurrency Regulations

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Bank Of England Seeks To Strengthen Cryptocurrency Regulations As The Sector Grows Popular

John Culifferthe, Bank of England’s Deputy Governor, discouraged crypto’s use in the UK’s finance system. He announced earlier that although cryptocurrencies are becoming more supported within United Kingdom’s financial system, they aren’t a significant threat.

However, he also recommended that enhanced regulations should be enforced as digital currencies constantly expand.

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

The bank stated in a publication that there is a need to regulate cryptocurrency at a local and an international level.

Earlier in July, the bank warned against cryptocurrency spillover into traditional markets. It also said about banks, institutional investors, and payment operators’ absorption of cryptocurrency for transactions.

Cryptocurrency Price Appreciation

While cryptocurrencies like Bitcoin, Ethereum, and Tron prices spiked at the year’s first half. Just briefly, it climbed to $2.5 trillion in value. Collateral backers for the Bitcoin protocol promised to provide another store of value while the storers struggled to yield, given its meager interest rates.

The cryptocurrency market is currently facing a decline | Source: Crypto Total Market Cap on TradingView.com

On the contrary, cryptocurrencies have very high volatility, and the digital currency market has dipped more than $1 trillion in market value since May 2021. Bitcoin’s price has dropped from an ATH (All-Time-High) price of almost $65,000 in April this year to about $32,000 on Wednesday this week.

Financial Regulators Issue Warnings

Regulators have been giving frequent warnings about cryptocurrency. In particular, China has banned all digital transactions, declaring them illegal.

Related Reading | Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

However, Binance – the world’s biggest crypto exchange- was banned last month from the United Kingdom. Binance was among the numerous exchanges that didn’t register with the financial regulator, given that it couldn’t meet up with the anti-money laundering requirements.

Featured image from Pixabay, chart from TradingView.com
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Charlie Lee Sums Up Litecoin’s 10 Years History. Part Four: SegWit Activation

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Charlie Lee, a photo

Today is the day, Litecoin’s 10th anniversary. Congratulations to Charlie Lee and everyone involved in the project over the years. We are exploring Litecoin’s history through the eyes of its creator. We covered its fair launch, the long-hard road to exchanges adopting LTC, and we introduced the SegWit story. It’s time to finish it. 

The last time, we introduced Bitmain’s co-founder Jihan Wu. Reportedly, he was singlehandedly stopping SegWit adoption in the Bitcoin blockchain. Lee’s plan was to use Litecoin as a Testnet of sorts for SegWit. “I realized that here’s a chance for Litecoin to do something to help Bitcoin. If we can get SegWit on Litecoin, it can clear out all the FUD and prove that SegWit is safe and a good upgrade for Bitcoin.” To accomplish that, he had to convince miners to side with him and not with the manufacturer of the most efficient ASICs.

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

According to Coindesk, there was another important incentive for Litecoin to adopt SegWit:

“Since SegWit could potentially pave the way for technologies that expand the value proposition of cryptocurrencies, the move toward accepting the upgrade has reignited excitement around the normally less-popular cryptocurrency. Litecoin’s price has nearly tripled since the end of March as a result.”

And this is where today’s story starts.

LTC price chart for 10/13/2021 on FX | Source: LTC/USD on TradingView.com

Charlie Lee Talks To Litecoin‘s Miners

During the end of 2016 and the beginning of 2012, Lee talked to everyone. One of his first victories was to get “Innosilicon, another LTC ASIC maker,” to his side. In this part of the story, we can see how hard Jihan Wu was playing. A “huge LTC Miner” was ready to signal for SegWit in principle, but, since his machines were in a farm controlled by Jihan Wu, he was afraid that he might lose access to cheap electricity.

The objective was to get “75% of blocks signal for SegWit within a 2-week timeframe.” Easier said than done. LitecoinPool was the first great pool to side with SegWit. Another big mining pool, F2pool, also promised to do it, but they didn’t right away. This turned out to be great for the cause because they provided a clear signal that the market supported the SegWit transition. Lee narrates, “over the next month, F2pool actually flipped flopped. They would signal and then stop signaling. The market reacted accordingly. When F2pool started signaling, the price will go up, and vice versa.” 

To complicate things, “Jihan wanted me to personally visit him and the miners in China to convince them about SegWit.” Lee didn’t like the power-play, but that was nothing. As more and more miners signaled for SegWit, Jihan turned to the ace up his sleeve. There was a rumor that “Bitmain was building a ton of LTC miners and was going to turn them all on themselves to block the upgrade.

It was time for Charlie Lee to call in the big guns.

The User Activated Soft Fork

Since both the miners and the market were clearly signaling in support of SegWit, Charlie Lee felt he had the right “to pull the UASF trump card out.” One of the wonders of decentralized organizations is that the users can also activate a soft fork. “If the majority of users and exchanges run the UASF code, SegWit will activate.” If that happened, miners had to comply and adopt SegWit as well.

The threat of a UASF was too much to bear, so the miners agreed to meet with Charlie Lee online and work things out. 

And the rest is history, “On April 21, I met with Jihan, Innosilicon, and miners for over 8 hours IIRC. It was exhausting.“ They reached an agreement, this is the blog post announcing it. Among other things, it says:

“We agree that protocol upgrade should be made under community consensus, and should not be unilateral action of developers nor miners. We advocate that Litecoin protocol upgrade decision should be made based on the needs of the users, through the roundtable meeting voting process, and activated by miner voting.”

Charlie Lee reflects, “Although this seems so bad for a decentralized cryptocurrency to have a closed door meeting to make decisions that affect the future of Litecoin, I felt like it was a compromise I’m willing to take. It’s better than an all out war between the miners and I.

On May 10th, 2017, SegWit was activated on Litecoin.

After that, a few historic transactions took place

“A lot of people have been saying that segwit is unsafe because segwit coins are “anyone-can-spend” and can be stolen. So lets put this to the test. I put up $1MM of LTC into a segwit address. You can see it’s a segwit address because I sent and spent 1 LTC first to reveal the redeemscript.”

  • A few months later, Bitcoin activated SegWit through a UASF. “It’s hard to know exactly how much Litecoin helped with this. I feel like it definitely has helped.
  • Days later, Charlie Lee and Strike’s Jack Mallers starred in the first Lightning Network request/ payment transaction on Litecoin. That man Jack Mallers has a way to get involved in historic transactions, like this one, and this one.
  • That same month, Lee did his first Atomic Swap transaction. “This shows how one can move coins between different chains in a decentralized way. It was a great proof of concept and paved the way for decentralized exchanges.
  • And later, he did another Atomic Swap but this time with Bitcoin.
  • And the next month, Lee didthe first ever cross-chain swap between BTC and LTC via Lightning.” This time it was with the now world-famous Lightning Labs.

Related Reading | Binance Burns Record $600 Million BNB In Its 15th Quarter

Wasn’t that an amazing, amazing story? We learned so much. And, even though we said this was the last chapter in the Litecoin 10-year history, Charlie Lee has another story to tell. Join us tomorrow for the infamous story of Charlie selling all of his Litecoin. Another legendary moment in crypto land.

Featured Image: Charlie Lee's picture from this tweet | Charts by TradingView

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NFTY Portal – Gateway to the New Reality

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NFTY

The list of crypto assets is increasing by the day, and most of the DEXs only serve a particular category, such as tokens or NFTs. However, to provide the users with the ultimate comfort NFTY Portal has created a DEX where users can trade and store Coins, Tokes and NFTs in a single place.

NFTY Portal has developed a decentralized world where traders, artists, musicians, collectors, and everyone else can trade NFTs, using NFTY Coin and other tools offered by the platform. NFTY Portal has developed into a vast ecosystem with its own currency, wallet, NFTY verse, etc. Let’s take a closer look at what NFTY Portal has to offer.

NFTY Coins

NFTY Coins are arguably the most important aspect of the NFTY ecosystem. There are three coins, NFTY Space, NFTY Time, and NFTY Motion, that play individual roles while simultaneously being interconnected.

NFTY Space

NFTY Space is used as the payment coin for transaction fees and for minting NFTs or tokens on the NFTY chain.

NFTY Time

Users can earn NFTY Time by staking NFTY Space, which is a high-demand and low-supply coin that can be traded with other tokens in the ecosystem.

NFTY Motion

NFTY Motion is the governance token that is given to NFTY Time hodlers. The Motion coin holders have governing rights over the NFTY Portal project’s future decisions.

NFTY Verse and NFTY Chain

NFTY Verse is a safe space for NFTYnauts, animated characters representing the NFTY Coins. NFTY Verse encompasses the NFTY Chain that provides solutions to major challenges in the crypto and NFT markets.

NFTY Chain is a dynamic chain with scalable blocks, fast transaction speed, and side-chain interoperability. It is a universal chain that allows the minting of crypto coins and tokens on the NFTY Portal, and while keeping safety and security intact.

NFTY Wallet

NFTY Portal offers two types of wallets, Desktop Wallet and Web Wallet.

NFTY Desktop Wallet

Currently available for Windows devices, NFTY Desktop Wallet offers a secure and safe space to store NFTY coins, tokens and NFTs. The wallet is powered by the features such as NFT minting, staking, master nodes, IM, Token minting, and much more. Also, users can advertise directly on Twitter and other social media using the desktop wallet.

NFTY Web Wallet

NFTY Web Wallet gives users with web browser access the ability to create an online wallet and NFTY address which can be used to send and receive NFTY coins, tokens, and NFTs. The web wallet includes a browser extension that can trade and store NFTs, coins, and tokens from different platforms.

NFTY Portal started its journey with NFTY coins that allowed users to generate passive income sources and trade various cryptocurrencies, tokens, and NFTs in a single place. However, the platform has grown into a vast ecosystem with a universal chain and wallet to provide users with more ease of use and boost crypto adoption.

 

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Colors on Chain Announces Exciting Reward Game Based on NFT Colors

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colors

For the purpose of staying decentralized, Colors On Chain was built without specifying any specific rarity or characteristics. It is a collection of 8,888 distinct yield-revealing NFT colors produced and kept on-chain in perpetuity (art included).

With the tokenId and position in a hex code string (length 6), a random number was chosen from a base 16 number basket to produce a Color hex code for each of the 8,888 colors.

It was featured in CoinMarketCap, Yahoo Finance and Times Square. It is one of a kind project and is considered quite unique bringing a colorful approach to NFT’s.

Colors On Chain was developed without specifying any defined rarity or characteristics to maintain its decentralized nature. One cannot determine what is and is not, valuable.

Each of the 8,888 colors was created randomly on-chain by hashing the token Id and the location in a hex code string(length 6) to choose a random number from a base 16 number basket, resulting in the full-Color hex code.

For many reasons, Colors On Chain has been dubbed “unique” and “the first project of its kind.”

  • Colors On Chain lacks a business, art, or staff, it is challenging to oversee creative choices.
  • It is an unedited, uncensored building block for tales, experiences, games, and practically anything else, with the only restriction being bound by your creativity
  • It is entirely decentralized and has pledged to seek complete decentralization from the start.

It has announced a great reward game for minting the games most difficult and unique color.

The objective of the game is to MINT the game’s most difficult color. The reward awarded will be 88.88 ETH.

The main sale mint will include 8,888 randomly created Genesis Colors written on-chain in perpetuity, with no IPFS or BS. It is sure that collections, including art, should be entirely on-chain, which is why all will be altogether on-chain.

After Genesis concludes, the “Painters” will airdrop one Perfect Red(#FF0000), One Perfect Green(#00FF00), or one Perfect Blue(#0000FF) to the top three Colors holders at the time of the snapshot. These will be necessary to collect the reward.

Color Theory’s additive color mixing is used in breeding to produce new “Baby Colors.” This will need the usage of 500 RGB tokens. Breeding has a tree-like structure, and some hues will need “proof of labour,” i.e., many additive breeding cycles. Let’s get this started! How to be the first to coin #FFFFFF?& how much will it cost to produce?

Each of the 8,888 Genesis Colors has a daily limit of 10 RGB tokens. These RGB tokens may be sold on dex or used to try to mint #FFFFFF first in the breeding game. One should keep in mind that one wins, they will get 88.88 ETH. Only after token #8888 is minted and the Genesis Stage is completed will it go live. Now comes the exciting part which is rewards.

The first person to breed #FFFFFF will get 88.88 ETH. The RGB values of each parental color are added and averaged during breeding. As a result, breeding to the most outstanding value (255) in each of the three color channels will be difficult. On top of that, a final boss has been added to the game: a rounding mistake is needed to reach 255. Only the most degen will take the risk.

One can become a member of the Colors Community by joining the Discord server. The community determines what kind of journey they should go on next. Integration of Colors DAO will soon take place so that everyone has a voice in what happens with the community vault wallet. Which charity is to be supported, who gets to vote on the price of a name change, and so on.

 

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EGLD, LINK, SOL Are Set To Explode In Q4, 2021

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EGLD, LINK, SOL Are Set To Explode In Q4, 2021
  • The best crypto projects to explode in Q4 are EGLD, LINK, and SOL.
  • Bitcoin is now facing supply scarcity which might result in price surge.
  • Tiktok co-founder wants to launch social tokens on Solana.

The bullish trend in the cryptocurrency market is continuing where BTC gains 14.8% within this week. On the other hand, Ethereum also experienced more profits followed by the king of cryptocurrency “Bitcoin”.

Significantly, the best crypto projects are set to explode in Q4, 2021 with huge gains. The few interesting best crypto projects are Elgorand (EGLD), Chainlink (LINK), and Solana (SOL). According to Will Clemente, a popular on-chain analyst, as a result of the asset scarcity of Bitcoin and Ethereum, the price of these crypto-assets will rise in Q4.

Bitcoin is lacking in supply as buyers are purchasing and holding their coins which leads to a shortage in supply. Will Clemente has shared the statistics for the supply of Bitcoin where 38.2% of BTC supply is lost. Additionally, 85.1% of supply is stable in 90 days, while on the other hand, 92% of supply hasn’t been circulated in 30 days. This squeezed and scarcity of BTC supply might end up in a price surge in October.

On the contrary, the price value of Ethereum is already nearing $3,500 where its heavy resistance level is at $3,521. Thus, ETH is on its track to break this resistance level so it might cross the level anytime soon. According to the recent analytics from Documenting Ethereum platform, on October 8th it is recorded that over $402 million Ether outflows from centralized exchanges. This might result in a tremendous price surge of Ethereum in Q4.

Altcoins Set To Boom

Chingari, an Indian Tiktok challenger has raised $19 million to launch a social token on the Solana ecosystem. Adding to this, the app’s co-founder, Sumit Ghosh states that he wants to experiment with social media by launching social tokens on Solana. He also pointed out Axie Infinity for this scenario as it transformed the gaming industry.

Surprisingly, big tech firms like Galaxy Digital, Alameda Research, and Solana Capital are driving this move. With a series of events planned for the asset in Q4, the altcoin could outperform expectations once the upgrades are implemented.

Moreover, Chainlink has introduced a new unique feature of interoperability where dApps are built on their blockchain. It extends support to Ethereum to Avalanche or Elrond to Cardano as well as expands support to layer 2 blockchain networks.

The third asset on the list is Elrond, where EGLD is the native coin of Elrond. Elrond partners with Ardana to enable cross-chain smart-contract functionality. This platform acts as a bridge between Elrond and Cardano, while EGLS serves as the first cross-chain asset as collateral on the Ardana platform. This integration might step up for price hikes in Q4.

However, the crypto market displays bullish signals while Bitcoin is moving in an uptrend. If it continues then it might set up a new ATH within the end of this month. Following the leading cryptocurrencies, altcoin would also continue the same pattern. Thus, Altseason could resume in November so the market can witness significant price surges for the above-mentioned assets by December.

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TA: Ethereum Holds Key Support, What Could Trigger Sharp Rally

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Ethereum

Ethereum stayed above the $3,400 support zone against the US Dollar. ETH price must clear $3,540 to start a fresh rally in the near term.

  • Ethereum remained well supported above the $3,400 and $3,380 levels.
  • The price is now trading near $3,520 and the 100 hourly simple moving average.
  • There is a major declining channel forming with resistance near $3,520 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh rally if there is a clear break above $3,540 and $3,550.

Ethereum Price Could Turn Green

Ethereum started a fresh decline from the $3,600 resistance zone. ETH traded below the $3,500 support and the 100 hourly simple moving average. However, the bulls remained active near the $3,400 level.

A low was formed near $3,405 and the price is now rising. Ether price is now trading above the $3,450 level. There was a break above the 23.6% Fib retracement level of the downward move from the $3,620 swing high to $3,405 swing low.

It is now trading near $3,520 and the 100 hourly simple moving average. There is also a major declining channel forming with resistance near $3,520 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the downward move from the $3,620 swing high to $3,405 swing low. If there is a clear break above the channel resistance, the price could start a fresh increase above the $3,540 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,540 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,520 and $3,540 resistance levels, it could start a fresh decline. An initial support on the downside is near the $3,450 level.

The first key support is now forming near the $3,400 level. If there is a downside break below the $3,400 and $3,380 support levels, the price could decline further. The next key support is near $3,375. Any more losses could push ether price towards the $3,300 support zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $3,520

Major Resistance Level – $3,450

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ShoeFy Announces $3.65 Million Raise For Innovative NFT Platform With Utility Layers

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shoefy

ShoeFy, a decentralized project that has combined nonfungible tokens (NFTs) and fungible tokens (FTs) on one platform to add new utility layers to NFTs, has announced a $3.65-million round of fundraising. Investors include DuckDao, MoonWhale, ExNetwork, AU21, Basics Capital, Dutch Crypto Investors and more. Despite a heavily oversubscribed private sale, there are still two rounds left with $800k allocated to the community rounds across multiple Launchpads, followed by the last $250k for the public rounds. The allocation will be distributed through a whitelisting of ShoeFy’s website.

ShoeFy is doing two things simultaneously. First, it is diving into the art world of NFTs with their debut shoe NFT (sNFT). A collection of 10,000 unique digital shoes are powered by the four elements to build a decentralized platform where users can generate passive income in five distinct ways by utilizing FTs and NFTs in various forms like staking, farming, or adding liquidity. In the development cycle of the sNFT, they wanted to add more value. So they came up with additional utility layers that can be added to NFTs through their DeFi toolset designed for passive income generation.

After their launch, the ShoeFy platform will debut a new DeFi product, which finally adds some utility to the nascent NFTs. Unfortunately, NFTs are so nascent that they are missing solid utility layers and can only be bought, sold, or held. ShoeFy aims to solve this by providing NFT farming and introducing the NFT swap or SHOE/sNFT Liquidity Pool (LP),which consists of the pioneering FT/NFT pairs. Users can earn SHOE tokens from transaction fees and LP rewards as passive income by providing liquidity to this pool.

The project is led by a team of experienced blockchain venture capitalists, creative NFT developers and top-tier marketing experts spanning Europe to Canada and onto South Korea and Thailand in SE Asia. The team members share common goals and foresee a huge opportunity in the NFT and DeFi market space. In terms of their backgrounds, some are founders of creditable venture capitalist (VC) firms and marketing experts. Other members have experience in reputable crypto projects and exchanges. Also, they have a tech team of superior talent building their platform.

Michal Horvath, chief marketing officer at ShoeFy, said: “We are passionate about art and DeFi, and to be able to combine the two mediums and come up with a real value for investors is what innovation is all about. We have forged partnerships with other projects that have come up with different utilities for the NFT to add value further and encourage mass adoption. DeFi is growing at twice the rate of crypto because people want access to better finance options. The legacy system has let a lot of people down, and with DeFi technology fueled by art, we can provide value like never before.”

The team plans to use the funds to build the platform, release the sNFT collection and expand their community. The project has five distinct ways to generate passive income through various uses of the SHOE tokens and their sNFTs. ShoeFy products include the sNFT pool where users can stake sNFTs to earn SHOE tokens, or users can do conventional staking and stake their SHOE to earn SHOE. An sNFT farm will allow users to stake SHOE to farm different classes of sNFTs.. Then, there will be two ways for users to provide liquidity, the conventional way through SHOE/Wrapped Ether (WETH) and SHOE/ Tether (USDT) for LP tokens that can be staked on the platform of your choice. Finally, the world premiere of the sLPl, where users can stake SHOE/sNFT pairs to earn SHOE, adding utility to their sNFT so users can generate passive income with their collectibles.

ShoeFy IDO Launch Week

The ShoeFy Community round kicked off yesterday, Oct. 11, starting with PolkaBridge, where it was sold out in just 3 minutes. In total, the SHOE initial DEX offering (IDO) is being carried out across seven different launchpads. Today, ShoeFy had impressive dual IDOs on Moon Starter and MultiPad. MoonStarter was sold out within the first 55 seconds and MultiPad was sold out in under 5 seconds of its round 2. Tomorrow, the third day of IDO will be on two more launchpads, DuckStarter and KwikStarter. The last day, Oct 14, is Oxbull and TruePNL.

Next week turns up the heat even more with SHOE on Gate.io Start-Up on Oct 18. Then on Oct 19 at 12:00 PM UTC, a decentralized exchange (DEX) listing on Uniswap and a centralized exchange (CEX) listing on Gate.io.

 

Image by sebagee from Pixabay

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Will Bullish SHIB Overtake DOGE’s Market Position?

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Will Bullish SHIB Overtake DOGE's Market Position?