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Beam (BEAM): A Blockchain-Based Gaming Network

Tanju Akbıyık — Mon, 16 Sep 2024 12:00:52 +0000

Designed to transform the gaming sector by means of distributed technology, Beam (BEAM) is a blockchain-based gaming network Driven by the Merit Circle DAO, Beam offers an ecosystem where developers and players may engage and help to shape the gaming industry going forward. The Beam SDK, a modular software development kit allowing game producers to include blockchain technology into their games, therefore providing a distinctive and flawless gaming experience, is central to this network.

What is Beam?

The $BEAM token, the native cryptocurrency utilized for transactions and platform smart contract interaction, is the core of the Beam network. Using $BEAM as the gas token, beam allows both asset transfers and more intricate game interactions to be handled. This all-encompassing system guarantees effective operation of the network and improves the user experience in games.

Beam stands out for emphasizing the need of offering a distributed autonomous organization (DAO) structure. The network is under control by the early 2021 Merit Circle DAO. This enables $BEAM holders to actively engage in the governance process, therefore influencing important choices determining the course of the Beam ecosystem.

Ecosystem and Governance

The Merit Circle DAO drives Beam’s governance architecture and is therefore quite important in guiding the project’s course. Gamers, token holders, and other participants—including businesses and other DAOs—can all help the network succeed thanks to the distributed governance. This distributed and cooperative strategy helps the community to be empowered and guarantees that the project develops in line with the requirements of its participants.

Apart from being the governance token, $BEAM also helps to create a buyback and burn mechanism, so gradually lowering the circulating supply. This creative technique guarantees the long-term viability of the project and helps control tokenomics.

Market Data and Current Status

Beam’s price as of the most current figures is $0.01444; daily rise is 2.06%. Supported by a strong 24-hour trading volume of $19.43 million, the market cap has climbed to $714.51 million, an amazing 178.59%. With a total supply of 62.43 billion BEAM, Beam has 49.47 billion BEAM on circulation.

Technical Analysis: Support and Resistance Levels

Several important support and resistance levels are presently noted for traders and investors in the Beam ecosystem. Setting a first support level at $0.01378, the second support level is at $0.01019. Beam encounters first resistance at $0.01551 and second resistance at $0.02083 on the other side. These levels enable traders to decide on strategic entrance and exit opportunities and provide understanding of possible price swings.

Future Outlook for Beam

Beam is a multifarious blockchain ecosystem including privacy, distributed governance, and gaming technologies, not only a game platform. Beam guarantees that transactions are safe and private by using the Mimblewimble protocol, a necessary ability in the digital terrain of today. The network’s development into the gaming sector improves its value proposition even more since it offers a rich habitat for both developers and users.

Under the Merit Circle DAO, Beam’s governance and tokenomics will be crucial in defining the future course of the project as it keeps expanding and adding fresh features under development. Beam is positioned to be a significant participant in the blockchain and gaming sectors given a growing community and strong technology basis.

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The information in this article does not provide any investment advice.

The post Beam (BEAM): A Blockchain-Based Gaming Network appeared first on Coin Engineer.

What is TROY Coin? A Detailed Review

Tanju Akbıyık — Sat, 31 Aug 2024 19:30:58 +0000

TROY Coin is the native token of Troy Trade, a globally top brokerage with an emphasis on asset management and bitcoin trading. Aimed at both institutional and professional traders, the platform offers a wide range of services including spot and margin trading, derivatives, custody, lending, staking, and thorough data analytics. By means of its all-encompassing service bundle, TROY seeks to simplify many trading activities into one platform thereby improving the trading experience.

The Team Behind TROY

Leading the TROY project is a group of finance, blockchain, and quantitative trading knowledgeable business professionals. The authorities include:

Kira Sun (Co-founder & CEO): Kira’s extensive experience in financial services and blockchain technology positions her as a strong leader for TROY, driving the integration of traditional finance with blockchain solutions.
Kevin Liu (Co-founder & COO): Kevin’s background in operations management and strategic planning plays a crucial role in ensuring the platform’s functionality and user experience.
Leo Yu (CTO): As the chief technology officer, Leo is responsible for the development and maintenance of TROY’s robust technological infrastructure, ensuring it remains secure and scalable.

Experience and strategic vision of the team have been very beneficial in guiding TROY toward competitive participation in the crypto market.

Investors and Strategic Partnerships

Notable blockchain and bitcoin firms have attracted funding from TROY, helping it to maintain a commanding presence in the sector. To increase its operational and technological capability, the effort has also created significant alliances:

PeckShield and Zokyo: These blockchain security firms have been pivotal in fortifying TROY’s security framework, ensuring a safe trading environment for its users.
Vulcan Forged: This partnership enhances the platform’s asset custody solutions, providing additional layers of security for digital assets held on the platform.

These deliberate alliances show TROY’s commitment to provide a secure and efficient trading platform.

The Project Idea

Through aggregating liquidity from many exchanges, TROY aims to tackle fragmentation and inefficiencies in the bitcoin trading environment. Along with best possible execution pricing and comprehensive financial services, the platform seeks to provide traders creative trading tools. TROY’s ecosystem is supposed to streamline the trading process, therefore improving access and efficiency for both professional traders and institutional clients.

How Does TROY Work?

Connecting several exchanges and aggregating their liquidity helps TROY function by allowing users to execute trades at optimum price. Through careful order routing, the platform distributes trade orders across many trading sites, therefore ensuring the best possible execution for its users. TROY also employs data analytics powered by artificial intelligence to provide traders valuable insights, hence directing more sensible judgments.

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The TROY token forms the basis of the platform; it also serves as the means of paying transaction fees, rewarding network members, and accessing premium features. The token also benefits brokers that help the global ecology of the site, therefore ensuring a constant flow of liquidity and efficient operation.

Roadmap

TROY’s 2024 road plan calls for an expansion of its ecosystem and enhancements of platform capabilities. Among important developments are additional staking options, artificial intelligence-driven data analytics tools, and dispersed governance components. While new growing TROY’s value and popularity in the bitcoin sector, the platform also plans to integrate new DeFi capabilities.

TROY Ecosystem

The TROY ecosystem provides a wide range of services satisfying the needs of institutional and professional traders, all aimed at providing a perfect trading experience. The ecosystem consists of:

TROY Trade: An integrated trading platform that supports spot and margin trading, derivatives, and liquidity aggregation from multiple exchanges.
TROY Staking and Lending: These services allow users to earn passive income by staking their tokens or lending assets within the platform, contributing to the ecosystem’s overall liquidity.
TROY Wallet: A secure and user-friendly wallet solution that enables users to manage their digital assets within the TROY ecosystem.

Since these integrated services are supposed to provide a whole solution for digital asset management, TROY is a handy tool for traders and investors.

Current Market Data

As of August 31, 2024 TROY is trading at $0.001576 and has a market value of around $13,594,480. TROY’s circulating supply out of a total of 10,000,000,000 is 8,625,000,000. With a 24-hour trading volume of $1,686,662 the platform exhibits significant trading community involvement.

Technically, TROY’s second support level is $0.001238 although his first support level is $0.001516. Positively, whereas the first resistance level is $0.001922, the second is $0.002222. These levels provide traders fresh insights on likely price fluctuations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The information in this article does not provide any investment advice.

The post What is TROY Coin? A Detailed Review appeared first on Coin Engineer.

Holo (HOT) Coin: A Detailed Review

Tanju Akbıyık — Sat, 31 Aug 2024 19:00:53 +0000

Holo (HOT) is a distributed platform meant to connect Holochain apps (hApps) with the current internet. Unlike traditional blockchain architecture, Holo offers a distributed hosting network for peer-to-peer applications, therefore allowing users to host and use hApps free from relying on centralized servers. Native cryptocurrency HOT drives this ecosystem by allowing transactions and rewarding those who have computing capacity.

Team Behind Holo

Driving the Holo project is a team of seasoned professionals from several fields like business management, blockchain technology, and software development. The co-founders, Arthur Brock and Eric Harris- Braun, are well knowledgeable in open-source programming and peer-to-peer networks.

Arthur Brock: As the Chief Architect, Arthur has been instrumental in developing the core principles of Holochain. His background in alternative currencies and complex adaptive systems has shaped the direction of Holo’s unique architecture.
Eric Harris-Braun: Serving as the Executive Engineer, Eric has a rich history in decentralized systems, having co-founded Glass Bead Software, a precursor to Holochain. His technical acumen ensures the robustness of the Holo infrastructure.

Investors and Strategic Partnerships

Important blockchain actors have paid careful attention to Holo, which has produced key investments and partnerships supporting its expansion:

Mozilla: Mozilla, known for its Firefox browser, has supported Holo’s development, recognizing its potential to decentralize the web.
Prominent Blockchain Investors: Various blockchain-focused funds and angel investors have contributed to Holo’s growth, aiding in its mission to provide a more secure and resilient internet.

Keeping Holo competitive and in continual innovation inside the dispersed environment has been much dependent on these relationships.

Project Idea

Holo’s major goal is to create a distributed network where users may host free of blockchain technologies distributed applications. Holochain provides an agent-centric method instead of typical blockchain systems dependent on worldwide consensus, therefore allowing more scalable and efficient peer-to–peer connections. From supply chains to social media channels, Holo’s design choice makes it uniquely suited for a wide range of applications.

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How Does Holo Work?

Holo operates on a server network trading HOT tokens for storage and processing capability. Running Holo software, these servers provide as connection between Holochain applications and regular web users. Users of hApps interact with the underlying infrastructure via a standard web browser, while the infrastructure assures secure and distributed data processing.

Roadmap

The road map of Holo offers numerous significant milestones aimed to raise the platform’s capacity:

Mainnet Launch: The transition from the current ERC-20 based HOT tokens to HoloFuel, a native currency for the Holo ecosystem, is a significant focus.
Integration of New hApps: Holo aims to expand its ecosystem by onboarding a variety of hApps, catering to different industries and use cases.
Community Development: Expanding the community of developers and users is crucial, with plans to provide more educational resources and support.

Ecosystem

Designed to support a wide range of applications and services, all of which are connected via the Holochain architecture, the Holo ecosystem consists in:

Holo Hosting Network: A decentralized network of hosts providing computational resources in exchange for HOT tokens.
HoloFuel: The native currency that will eventually replace HOT, designed to be more efficient for microtransactions within the Holo ecosystem.
Holochain Applications (hApps): Decentralized applications that can be built and deployed within the Holo ecosystem, offering a wide range of functionalities without the need for centralized control.

Current Market Data and Technical Analysis

As of August 31, 2024 Holo (HOT) is trading at $0.001648; its market capitalisation is around $286,307,128. HOT’s current circulating supply is 173,776,360 out of 177,619,433 total. Reflecting the great participation of the trading community, latest 24-hour trading volume has exceeded $9,460,985.

Support and Resistance Levels:

First Support: $0.001563
Second Support: $0.001315
First Resistance: $0.002227
Second Resistance: $0.002924

These levels provide traders essential knowledge about probable price fluctuations, therefore directing their behavior based on the situation of the market.

The information in this article does not provide any investment advice.

The post Holo (HOT) Coin: A Detailed Review appeared first on Coin Engineer.

What is Supra Oracles? What Does It Do?

Yunus Taşlı — Sun, 29 Oct 2023 13:31:43 +0000

Supra Oracles is a cutting-edge blockchain platform that specialises in delivering DeFi ecosystem and real-world data.

Supra Oracles emerges as a solution to liquidity and infrastructure fragmentation inside Web3. So they are aiming to resolve this with their product called IntraLayer. Also IntraLayer is an integrated solution framework that fully amalgamates the market and liquidity, stacked to serve as an interoperability center among unique chains and even old financial systems.

IntraLayer comprises the latest Supra’s tech products, oracles, VRFs, also bridging solutions, automation networks, and a smart contract platform. These features, combined with a common security understanding, allow for the easy movement of data, assets, and values between different blockchains.

What is a SUPRA Token?

Additionally the SUPRA Token is part of Supra Oracles’ latest product, IntraLayer. Supra combines Oracle, VRF, bridge solution, automation network, and smart contract platform to facilitate the flow of data, assets, and value across different blockchains.

The SUPRA token is an ecosystem token developed by Supra Oracle within ERC-20.So, if users make contributions to future projects within the ecosystem using the SUPRA token, they have the opportunity to earn rewards.

What are the Uses of SUPRA Token?

• Smart Contract : Can be used in transactions between contracts.
•Loyalty Program : Supra, can be used for rewards in the loyalty program for its users.
•Financial Payment : Supra Token can be used/won in future shopping transactions.

What are the Products of Supra Oracles?

Supra ORACLE: A decentralized oracle network designed to provide dApps on leading blockchains with the fast, accurate, and secure data flows and associations they need.

Supra VRF: A team created a Distributed Verifiable Random Function (VRF) service from scratch for blockchains. Also it provides results of unpredictable, impartial, and verifiable on-chain, with low latency.

Supra HyperNova: A bridge-less interchain communication protocol established to secure the movement of data, transactions, and also messaging between unique blockchains. It ensures secure interoperability across Web3.

Supra MoonShot : A bridge-less cross-chain communication protocol established to secure the movement of data, transactions, and additionally messaging between unique blockchains. It ensures secure interoperability across Web3.

Who are Supra Oracles Supporters and Investors ?

Among others, Coinbase Ventures, Houbi and MasterCard are part of a total of 154 backers . They managed to raise a total of 24 million dollars from their investors below.

Who is the Founder of Supra Oracles?

Joshua D. Tobkin is the founding partner and current CEO of Supra Oracles. He completed his education at Drew University in the state of New York. He has previously participated in several projects such as UnityChain, Content Mutual INC, Social Climax, and FoodStems.

Supra Oracles Tokenomics

In the established tokenomics of Supra Oracles, additionally the total supply is 10 billion. Also the distribution of these tokens allocates 21% to block rewards, 17% to the foundation, 16% to the team, 11% to the ecosystem fund, and labels 35% as other. According to data in the pre-sale tab, we estimate that the first listing will put on the market an amount ranging between 150 million and 200 million.

Supra Oracles Airdrop

Supra Oracles, considering its community, published an airdrop project under the name Blast Off. In this project, users can earn Supra Tokens by inviting their friends or get a Supra box by solving the questions given by Supra once a week.

Moreover, there are external tasks where you can earn stars and Supra by participating in various events. Also the amount you win from here will receive a 10% distribution with TGE in the first month, and we will distribute the remaining amount over 18 months at a rate of 5%.

In the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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What is Celestia (TIA)? What Does It Do?

Yunus Taşlı — Thu, 28 Sep 2023 17:00:56 +0000

Celestia (TIA) is a modular blockchain network, allowing anyone to easily create their private blockchain, without the hassle of initiating a new consensus network. The blockchains in Celestia operate simultaneously, independently, and securely.

What is Celestia?

Celestia (TIA) Tokens are the first launched in the community and fairly initiated DeFi Tokens. TIA Tokens are a deflationary cryptocurrency due to the decrease in supply over time. They combine three simple functions: Reflection, Rebalance, and Burn.

1. Reflection: 5% of every purchase/transfer/sale fee is redistributed to all existing holders.
2. Rebalance: 2.5% of every transaction fee is automatically transferred to the LCX token on Uniswap. The acquired LCX Token will be added to the long-term reserve of LCX.
3. Burn: 2.5% of the tokens are automatically burned.

Celestia Token Distribution

Fair launch and distribution. Celestia (TIA) Tokens launch in the market in a fair, community-focused manner, without undergoing a token sale or Initial Coin Offering (ICO). TIA Tokens distribute to Tiamond holders at a rate of 1 $TIA per minute for a million minutes, following the “Own to Earn” model, for each Tiamond NFT.

Use Cases of Celestia Token

Tokenization has made transactions easier and simpler. Along with many other tokens in the crypto world, Tia Token emerged as the first in the community and became a fairly launched DeFi Token. There are also other use cases related to the token, which help in strengthening the LCX ecosystem as a whole, thanks to its connection with Tiamonds.
TIA Token allows for a community-prioritized approach and a vibrant, diverse, and unique governance system that will actively direct the Tiamonds project into the future. The Airdrop will distribute it, and investors can stake it on the LCX platform or trade it on the LCX exchange.

Celestia Tokenomics

TIA Token operates on the Ethereum Blockchain, utilizing the ERC20 token standard. The team has established a maximum supply of 1,010,000,000 TIA, but will initiate with 210,000,000 TIA. This initial supply will distribute during the Token Generation Event (TGE), which is Genesis. However, the TIA Token economy has a deflationary structure, so the total supply will decrease over time.
The production and distribution of new TIA Tokens will only occur in relation to the distribution of tokenized Diamonds, the creation of Tiamond NFTs, and the Ownership Rewards model. The community will make decisions regarding the production and launch of TIA Tokens using the Tiamonds governance framework. The community will also determine the distribution rates and the amount of tokens to be allocated for each new Tiamond NFT.

Overview of the Project

Celestia (TIA) stands out as a top-notch project prioritizing project quality over investment price. This project occupies Layer 1 of the industry’s core infrastructure and has made significant strides in securing institutional financing on the public chain. Particularly, after the launch of APT at the end of last year, it has led to high expectations like SUI. It played a significant role when every famous public blockchain in the industry launched its own tokens.

APT started in a bear market and quickly reached a market value of approximately 20 billion dollars; at one point, the token price approached 20 USD, and is currently fluctuating above 10 USD. Celestia (TIA) is top-notch in technology, architecture, team, financing, and other aspects and can compete with projects like Aptos and Sui. As the overall market conditions improve, Celestia‘s future issues could occur in a more favorable market environment.

Redemption of Tiamonds

Tiamond holders can use their Tiamonds and receive their diamonds physically. Using a Tiamond will destroy the token attached to the physical diamond. There are several steps to receive the diamond and keep it in your possession.

Firstly, you must have a fully verified LCX account.
Secondly, you should contact our support at hello@LCX.com.
Thirdly, we will email you the total shipping fee and service fee for the payment, along with the wallet address to which you will send the Tiamond NFT token for payment instructions.
Fourthly, after you pay the fee and we receive the payment for Tiamond, we will retrieve your diamond from our vault and send it to the address you provided via mail, or you can personally pick it up from Liechtenstein.

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