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Binance Presents Flamingo Finance, Third Project on Its Launchpool



Flamingo Finance (FLM) will be the third project on Binance Launchpool. Users will be able to stake their BNB or BUSD tokens into two the pools to farm FLM tokens over 30 days from Sep 27. Binance will then list $FLM on September 28.

Cryptocurrency exchange Binance announced it is starting with its third project on Binance Launchpool, dubbed Flamingo (FLM). This project is represented as an interoperable, full-stack decentralized finance protocol built on the Neo blockchain.

Users will be able to stake their Binance Coins (BNB) or Binance USD (BUSD) tokens into two separate pools to farm Flamingo Finance (FLM) during the next 30 days. Farming will begin from September 27 at 0:00 AM (UTC). Additional information regarding the participation in the FLM Launchpool will be announced on the Binance blog later.

After that, Binance plans to list Flamingo Finance (FLM) on September 28 at 7:00 AM (UTC) and open trading for FLM/BTC, FLM/BNB, FLM/BUSD and FLM/USDT trading pairs.

Flamingo (FLM) Launchpool token rewards will be 6,250,000 FLM, meaning 4.17% of Total Token Supply which accounts for 150,000,000 FLM.

There will be no private sale of tokens and farming will last for one month starting from September 27. Regarding the staking terms, there will be no limit and no need for a know-your-customer basis.

When mentioning supported pools, there will be a BNB stake of 5,625,000 FLM in rewards (90%) and a BUSD stake of 625,000 FLM in rewards (10%).

According to the Binance announcement, users will be able to un-stake their funds at any time with no delay and participate in any other available pools immediately. The user will be able to stake only tokens in his spot wallet into Launchpool.

Different than BEL and WING Launchpools

The FLM Launchpool won’t be utilizing the same participation mechanics as the BEL and WING Launchpools. BNB staked into Launchpool will still give users the usual benefits for holding BNB, as airdrop, Launchpad eligibility and VIP benefits.

Flamingo is a DeFi protocol cluster that integrates numerous modules in order to create an extensive DeFi infrastructure. Users can engage in Flamingo as traders, stakers, and liquidity providers.

Flamingo plans to launch more products and features. One of them is a crosschain asset gateway for Bitcoin, Ethereum, Neo, Ontology, and Cosmos-SDK based blockchains called Wrapper where user could wrap mentioned tokens as NEP-5 tokens.

Swap is Flamingo’s on-chain Automated Market Maker (AMM), which enables liquidity to wrapped assets, FLM, and other NEP-5 tokens. It adopts the Constant Product Market Maker (CPMM) model and users can trade token pairs or provide liquidity to a chosen liquidity pool by depositing tokens on both sides of the trading pair.

Vault is Flamingo’s one-stop asset manager and enables participants to stake NEP-5 assets for FLM rewards. At Vault, users can stake LP tokens to mint FUSD stablecoin.

FUSD is a collateralized synthetic stablecoin on Flamingo, pegged to the price of USD. Then there is also Perp, an AMM-based perpetual contract exchange where users are enabled to trade perpetual contracts using the same CPMM model with 10x leverage and they need to use FUSD as staked margins in order to get FLM as rewards.

DAO is a DAO for platform governance through which FLM holders can vote on critical topics such as tokenomics, parameter configuration and rising of efficiency.

New Rise of DeFi Protocols

We are witnessing the fact that the launch of new DeFi protocols on smaller blockchains is rising the demand for Ethereum’s competitors. These altcoin’s goal is to dethrone the smart contract pilot projects by making yield farming more available to the bigger crowd with lower fees and more efficient transactions.

At the time of writing, NEO was up by 7.93% , thanks to funds that came to Flamingo. Flamingo will, therefore, rival other liquidity swap platforms, including Tron’s JustSwap and Binance’s BurgerSwap, which are experiencing mixed success in the market.

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3 altcoins whose tweet volume spiked before a strong rally




On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum.

This is exactly what happened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up from $7.40 on July 4 to $14.20 on July 14, generated a staggering increase in average tweet volume, totaling more than 1,100% month-to-month.

Another big winner in terms of price, Axie Infinity (AXS), added 456% in tweet volume over the same period. In both cases, tweets mirrored the rallies’ dynamics, with the tweet volume curve closely following the price chart.

In other cases, however, the relationship can be reversed. Sometimes, the Twitter crowd picks up the news or emerging narratives that the wider market has yet to absorb, producing tweet volume spikes that come before price increases. Is there a way for traders to spot these dynamics early enough to gain an edge over the rest of the pack?

Data intelligence for early birds

Tweet volume is one of several metrics used to calculate the VORTECS™ score, an algorithmic indicator that compares complex patterns of market and social activity of an individual digital asset to years’ worth of historical data.

Exclusively available to Cointelegraph Markets Pro (CTMP) subscribers, the algorithm assesses parameters such as the market outlook, price movement, social sentiment and trading activity to generate a score that shows how suitable conditions of the observed combinations are for any coin at any given time.

On top of that, there is a dedicated space on the Markets Pro dashboard featuring assets that see abnormal tweet volume in real-time. Once they are alerted that something is brewing around a coin on Twitter, traders can be incentivized to take a closer look at the asset and make a judgment as to whether its price is likely to go up soon.

Here are three examples from the last thirty days where Twitter activity foreshadowed price action. Coin

CRO’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

In the case of Coin (CRO), the source of Twitter users’ excitement is crystal clear: A few hours before the coin flashed on Markets Pro’s Unusual Twitter Volume box (red circle in the chart), it emerged that CRO became the first digital asset platform to partner with the Ultimate Fighting Championship, or UFC. The announcement was also delivered to Markets Pro users seconds after the original source published it, thanks to the platform’s instantaneous NewsQuakes™ functionality.

Unsurprisingly, the big news triggered a sprawling Twitter conversation. If traders had not been convinced by NewsQuake™ and coin’s rising VORTECS™ score, the skyrocketing tweet volume could be the final argument in favor of opening a CRO position. The coin had been valued at $0.113 when tweet volume peaked on July 8, and it kept climbing in the next four days, eventually hitting $0.132 before the price began to decline.


QSP’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

Establishing what had triggered the surge of tweets referencing Quantstamp (QSP) around June 1 is less straightforward. One potential reason could be the launch of oneFIL, a stablecoin for the Filecoin community, around that time.

The protocol behind oneFIL is audited by Quantstamp. While QSP generates just a handful of Twitter mentions per day, on July 1 it got over 150 tweets, immediately putting it on the Markets Pro radar (red circle in the graph). While the peak tweet volume corresponded to the QSP price of $0.030, the coin pulled off a strong performance in the following days, reaching $0.034 on July 4, continuing to push further.

Flow Dapper Labs

FLOW’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

Flow Dapper Lab’s (FLOW’s) peak tweet volume came late on July 10 (red circle in the graph) in response to a highly successful week that the asset had, more than doubling its price from $9 to over $18.

A high VORTECS™ score that FLOW received some 50 hours earlier indicated that in the past, such rallies unfolded in several rounds and that historical precedent suggested a possibility of the second leg. Sure enough, the price kept climbing even after the wave of tweets began to recede, eventually hitting $21.20

These examples demonstrate that, while an onslaught of tweets alone is not always a harbinger of an impending rally, spotting abnormal Twitter activity early on can lead to a profitable trade. It can be especially useful when combined with other metrics and a robust understanding of the coin-specific context.

Disclaimer. Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. Full terms and conditions.