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As per the latest development, a new Terra Classic Project dubbed DFLunc has been recently burning many Terra Classic (LUNC) tokens. Over the last few days, DFLunc has burned more than 1.5 billion LUNC tokens, deflating the circulating supply more rapidly. As a result, the total burned LUNC has now surpassed more than 57 billion.

This massive burning of the LUNC tokens comes just around the time of Terra LUNAs crash anniversary. With the recent development, DFLunc has surpassed Binance which recently burned more than 1.27 billion LUNC earlier this year on May 1, as part of its monthly LUNC burning mechanism. So far, the total LUNC burns by binance has crossed 31.83 billion.

Interestingly, after the Binance burns, the LUNC burn rate has continued to rise with the community burning millions of new LUNCs with this new protocol. The DFLunc protocol is a decentralized finance (DeFi) protocol consisting of several smart contracts and aims to deflate the LUNC supply using a continuous burn mechanism.

The DFLunc protocol is also a validator for Terra Classic and will allow users to mint the DFC tokens only by burning the LUNC tokens. It shall mint two smart contracts based on CosmWasm DFLunc and CW20-DFC. In DFLunc, users burn Terra Classic (LUNC) by paying USTC as protocol fees to mint the DFC tokens.

This protocol aims toward the growth of validators on the Terra Classic blockchain and has divided its plans into different stages.

The Terra Classic community continues to make progress on the network revitalization plan. In the latest move, the proposal seeks community consensus on upgrading the chain to v2.0.1.

The Lunc Burn Army recently submitted proposal 11511 to bring specific improvements to the Terra Classic chain along with an upgrade to v2.0.1. LBA.

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This upgrade will review the minimum initial deposit required for submitting governance proposals in order to mitigate incidents of spam along with facilitating an upgrade to Cosmos SDK v0.45.13 and Tendermint v0.34.24. As we know, the Terra Classic blockchain runs on the Cosmos SDK framework and uses the Tendermint consensus protocol.

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Just with six days left in voting, the proposal has a staggering 99 percent votes for Yes. Once the community passes the proposal, the upgrade will occur on May 17. Thus, it will bring the Lunc blockchain one step closer to parity with the Cosmos and Luna 2.0 networks.

The recent development could push LUNC prices higher. After a strong downtrend in April last month, LUNC is showing a major upward momentum over the last week.

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LUNC Burns Billions More Tokens Than Binance: Is a Price ... - Crypto News Flash

Can Apecoin dominate the crypto market in the future? Or, will it be replaced by Dogetti?

Do you want to stay informed about the latest developments in the cryptocurrency market? Are you interested in learning about Apecoin (APE) and Dogetti (DETI), and what their future plans are? Then this article is for you! Well delve into the world of crypto and explore the unique qualities of APE and DETI, and what they can offer you.

Dogetti (DETI) is a new cryptocurrency that operates like other cryptocurrencies, using blockchain technology to verify transactions and maintain a decentralized ledger. It offers secure and anonymous transactions that are fast, efficient, and cost-effective. Apecoin (APE), on the other hand, is an NFT (non-fungible token) marketplace built on the APE network. It allows users to buy and sell unique digital assets, such as art, music, and gaming items, using APE.

But what sets Apecoin (APE) and Dogetti (DETI) apart from other cryptocurrencies and NFT marketplaces? For starters, DETI has a unique staking program that rewards users for holding onto their DETI tokens. The longer you hold onto it, the higher your rewards. This incentivizes users to invest in DETI for the long term, rather than just using it for quick transactions.

Apecoin (APE), on the other hand, has a user-friendly interface that makes it easy for anyone to buy and sell NFTs, regardless of their technical knowledge. It also has a built-in escrow system that ensures secure transactions and protects both buyers and sellers from fraud.

These unique qualities make Apecoin (APE) and Dogetti (DETI) appealing to a wide range of people. Investors who want to earn passive income through staking will be drawn to DETI, while creators and collectors who want to monetize their digital assets will appreciate APEs user-friendly platform and secure transactions.

But what are the future plans for Apecoin (APE) and Dogetti (DETI)? The DETI team has a detailed roadmap that outlines their goals for the future. They plan to expand the DETI network to support more use cases, such as decentralized finance (DeFi) and peer-to-peer lending. They also plan to integrate DETI with other blockchain networks, such as Ethereum and Binance Smart Chain, to increase interoperability and expand the user base.

Apecoin (APE), on the other hand, plans to expand its NFT marketplace to support more digital assets, such as virtual real estate and domain names. They also plan to add more features, such as bidding and auctions, to increase the functionality of the platform and provide more opportunities for creators and collectors to monetize their assets.

Both Apecoin (APE) and Dogetti (DETI) have already made significant progress toward their goals. APE launched in February 2021 and has already gained a strong user base. DETI is currently holding a successful presale, due to end on the 20th of June, and plans to launch its platform soon.

In conclusion, Apecoin (APE) and Dogetti (DETI) are two exciting projects in the world of cryptocurrency and NFTs. Their unique qualities, such as DETIs staking program and APEs user-friendly platform, make them appealing to a wide range of people. And with their detailed roadmaps and ambitious goals for the future, they are poised to become even more successful in the coming years.

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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Unveiling The Crystal Ball: Apecoin And Dogettis Destiny In The ... - Tekedia

New and old ventures are continuously emerging and disappearing in the crypto industry. Polkadot (DOT) and RenQ Finance (RENQ), two systems seeking interoperability and scalability for the decentralized web, represent some of the most promising cryptocurrencies. But which one will rule the market in 2023, and which has the upper hand over the other? In this article, well compare Polkadot to RenQ Finance and explain why we think RenQ Finance will soon surpass Polkadot.

New and old ventures are continuously emerging and disappearing in the crypto industry. Polkadot (DOT) and RenQ Finance (RENQ), two systems seeking interoperability and scalability for the decentralized web, represent some of the most promising cryptocurrencies. But which one will rule the market in 2023, and which has the upper hand over the other? In this article, well compare Polkadot to RenQ Finance and explain why we think RenQ Finance will soon surpass Polkadot.

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Polkadot's main value proposition is its ability to enable cross-chain compatibility and interoperability, which means that different blockchains can work together seamlessly and share information without intermediaries. Polkadot achieves this by using a unique architecture consisting of two chain types: relay chains and parachains.

Relay chains are the core of Polkadot, where consensus and security are maintained. Parachains are independent blockchains that connect to the relay chain and benefit from its security and interoperability. Parachains can have features and functionalities like smart contracts, privacy, or scalability. Parachains can also communicate with each other through cross-chain message passing (XCMP).

Polkadot can process transactions in parallel across multiple parachains, resulting in faster speeds and lower costs than traditional blockchains. Polkadot's relay chain provides shared security for all parachains, ensuring that they are protected from malicious attacks and network failures. Polkadot's parachain model allows for diverse and customized blockchains that can cater to different needs and use cases.

RenQ Finance's main value proposition is its ability to provide cross-chain DeFi solutions, which means users can access liquidity and financial products across different blockchains through a single interface. RenQ Finance achieves this by using a multi-chain architecture that consists of three components: RenQ Bridge, RenQ Hub, and RenQ Chain.

RenQ Bridge is a protocol allowing users to transfer assets between blockchains without intermediaries or custodians. RenQ Bridge supports various blockchains such as Ethereum, Binance Smart Chain, Polkadot, Solana, and Avalanche.

RenQ Hub is a platform that aggregates liquidity from different sources and provides users with access to various DeFi products such as lending, borrowing, staking, yield farming, derivatives, leveraged trading, and more.

RenQ Chain is a blockchain that powers RenQ Hub and provides security and scalability for the platform. RenQ Chain uses a proof-of-stake (PoS) consensus mechanism that rewards RENQ holders for staking their tokens and validating transactions on the network.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Polkadot vs RenQ Finance: Will RENQ Overtake DOT? | Mint - Mint

In recent years, the cryptocurrency market has experienced tremendous growth, and with it, the rise of various cryptocurrencies. One of such cryptocurrencies is Binance Coin (BNB), the official cryptocurrency of the Binance cryptocurrency exchange.

However, Binance Coin has more uses than just being used as a means of payment on the Binance platform. In this article, we will be exploring the role of Binance Coin in the Binance Smart Chain (BSC) ecosystem and how it can potentially affect its value.

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Binance Smart Chain is a blockchain network launched by Binance in September 2020 as a parallel chain to the Binance Chain. It is designed to provide a high-performance blockchain that can support the creation of smart contracts and decentralized applications (DApps) while providing low transaction fees.

The Binance Smart Chain uses the Proof of Stake (PoS) consensus algorithm, which means that participants in the network can earn rewards by staking their cryptocurrency holdings.

Binance Coin plays a vital role in the Binance Smart Chain ecosystem. Firstly, it is used as a means of payment for transaction fees on the Binance Smart Chain.

Binance Coin holders can use their tokens to pay for transaction fees on the network, and this provides a cheaper alternative to using other cryptocurrencies like Ethereum or Bitcoin. Secondly, Binance Coin is used as a utility token for the Binance Smart Chain ecosystem.

It can be used to access various features on the network, such as participating in token sales, staking, and earning rewards.

Using Binance Coin on the Binance Smart Chain provides several benefits for users. Firstly, it provides a cheaper alternative to using other cryptocurrencies like Ethereum or Bitcoin for transactions on the network.

This is because Binance Coin transaction fees are much lower than other cryptocurrencies, making it a more cost-effective option for users. Secondly, using Binance Coin on the Binance Smart Chain can earn users rewards.

Binance Coin holders can stake their tokens on the network and earn rewards for doing so. This provides an incentive for users to hold Binance Coins and participate in the Binance Smart Chain ecosystem.

The future of Binance Coin in the Binance Smart Chain ecosystem looks promising. As the popularity of the Binance Smart Chain continues to grow, so will the demand for Binance Coin.

This will potentially lead to an increase in the value of Binance Coin, making it a more attractive investment option for cryptocurrency investors. Additionally, as more DApps are developed on the Binance Smart Chain, the demand for Binance Coin will likely increase as well.

In conclusion, Binance Coin plays a vital role in the Binance Smart Chain ecosystem. It is used as a means of payment for transaction fees and as a utility token for accessing various features on the network.

Using Binance Coin on the Binance Smart Chain provides several benefits for users, including lower transaction fees and the ability to earn rewards.

As the popularity of the Binance Smart Chain continues to grow, the demand for Binance Coin will likely increase as well, potentially leading to an increase in its value.

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The Role of Binance Coin in Binance Smart Chain - Robotics and Automation News

Exchange tokens like Binance Coin (BNB), Tradecurve (TCRV), and OKB (OKB) dominate the market without stress because they are needed to complete transactions involving other tokens on different platforms. In this article, well explore Binance Coin (BNB), Tradecurve (TCRV), and OKB (OKB) to see how well they are doing as utility tokens.

Summary

Binance Coin (BNB), the native token of the number one crypto exchange in the world, is used for transaction fees and to qualify to receive tokens of new projects launched on the exchange. Also, Binance Coin (BNB) is used to run the Binance Smart Chain and other blockchains in the ecosystem. Additionally, several merchants across the globe accept Binance Coin (BNB) as payment for goods and services.

The Binance Coin (BNB) has shown very strong potential lately, increasing by 5.3% in the past fourteen days. Some analysts predict that Binance Coin (BNB) will continue to rise and may reach a high of $353.98 before the end of April 2023. If this happens, anyone that buys the coin now will gain by about 20%.

OKB (OKB) is also native to one of the worlds biggest crypto exchanges. OKB (OKB) enables users to access the special features of the OKX crypto exchange. OKB (OKB) is used to calculate and pay fees while trading a variety of coin pairs on the platform. Also, it grants users access to voting and governance.

OKB (OKB) is trading at $45.31 as of the time of writing. Data on CoinGecko reveals that OKB (OKB) has increased by 10.6% in the last fourteen days and by 8.2% over the last month. Based on the technical analysis report found on Changelly, this token may increase by over 60% before the year is over.

Unlike the older coins mentioned above, Tradecurve.io is a new crypto project and it comes with exciting features. They plan to launch an exchange which is hybrid and non-custodial, allowing users to trade a variety of assets such as crypto, stocks, forex, and commodities.

Also, users do not need to complete KYC to enjoy the special features of the exchange including high leverage, AI trading systems, a decentralized wallet, excellent customer support, deposit bonuses and level-up perks.

The protocol protects users from high fees, lack of transparency through its planned implementation of Proof of Reserves (PoR) and other problems common with existing crypto exchanges.

The Tradecurve (TCRV) token is native to the exchange and serves similar purposes as Binance Coin (BNB) and OKB (OKB).Because of its unique model, experts have identified $TCRV as the next gem coin, predicting a 50x increase during presale and a

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Website: https://tradecurve.io/

Presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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Battle Of The Exchanges: Binance (BNB), Tradecurve (TCRV), and ... - The Merkle Hash