The digest with the results of January 12 was prepared jointly with the guys from Moni… If speed is important to you, you can read the news in Live mode in our Telegram channel, and if you want to keep your finger on the pulse, subscribe to the email newsletter and receive digests directly to your mail.
500 million active Telegram users!
The number of active Telegram users has exceeded 500 million, Pavel Durov told about it.
Only for the last 72 hours more than 25 million people from all over the world. According to him, most of the people came from Asia – 38%. 27% came from Europe and 21% from Latin America.
The founder of Telegram explains this growth by the fact that people no longer want to trade their privacy for free services. Durov believes that people do not want to be held hostage by technological monopolies who think they can get away with everything. He stressed that Telegram has already become the largest haven for those looking for a platform that focuses on privacy and security.
“We take this responsibility very seriously. We won’t let you down. “ – wrote Durov in his post.
12 years of the first bitcoin transaction!
12 years ago, Hal Finney received the first transaction from Satoshi Nakamoto. Interestingly, this is also the first and only transaction sent by Satoshi himself.
This happened on January 12, 2009. Then, in block 170, Satoshi Nakamoto sent 10 BTC (about $ 356,000 at the current exchange rate) to Halu Finney. The transaction fee, like all transactions in the early days of Bitcoin, was 0 BTC.
Mark Cuban compared cryptocurrencies to the dotcom bubble
Billionaire Mark Cuban sure in the ability of BTC, ETH and some other altcoins to pass the market bubble and survive, just as Amazon, eBay and Priceline experienced a dotcom boom, but most altcoins, like the dotcom boom companies, will not survive a bubble.
He also added that the price of cryptocurrency, like gold, is determined only by supply and demand. “The basic rule of the market supply and demand is the most obvious example,” wrote the billionaire.
Tether prints 2 billion USDT in one week
Last week, the issuer of the largest stablecoin by capitalization, Tether, increased the supply of USDT tokens by $ 2 billion over the past seven days.The total capitalization is now 24.4 billion.
Sam Trabucco of Alameda Research believes that the growth is due to the high liquidity of USDT and the fact that it greatly simplifies access to the crypto market.
According to those. Tether and Bitfinex directors Paolo Ardoino, big investors such as MicroStrategy or Ruffer also drove the USDT supply up.
In 2019, as part of the New York State Attorney’s Office lawsuit against Tether, Stuart Hogner, the chief attorney of the stablecoin issuer, indicated that USDT was backed by only 74% of fiat reserves.
The other day Paolo Ardoino said on the full provision of USDT, compliance with all KYC / AML measures and improving transparency in 2021, and added that after the court hearing on January 15, they will continue to operate normally.
DAO Maker Highlights 2020
The guys from DAO Maker have done a lot in 2020 (more details in the infographic) and they don’t even think to stop and are going to do even more in 2021! Of the upcoming events, it is planned to sell their own DAO Token according to the updated token sale model – DYCO v2 in more detail in this material.
Also today announced the DAO Maker Startup Sale at Gate, details in a separate post.
And a new partnership is planned soon, but more on that later.
Details of the DAO Maker Startup Sale at Gate
Gate Startup launchpad opens sale for $ 300,000 in DAO tokens. These tokens will be unlocked in parts: 20% on TGE, and then 20% each quarter. These tokens are also refundable under the DYCO terms and are priced at $ 0.1, which provides a minimum price of $ 0.065 for all circulating DAO tokens. Start-up market cap: $ 1.6 million
If you don’t have a Gate account, you can use our referral link to get a 10% discount on trading commissions.
More details about the sale:
DAO Maker announces strategic partnership with Evolution
DAO Maker announced a strategic partnership with Evolution Finance, a DeFi project working with renVM to bring the top 50 digital assets to Ethereum as ERC-20 tokens. These assets will be integrated into the Evolution lending market to provide margin funding for positions on the Ethereum network.
EVN is an Evolution Finance utility token used to gain privileges in the Evolution lending market. All liquidity added for EVN tokens is permanently locked.
In addition, EVN tokens are deflationary: part of the supply decreases for each transaction. These transaction fees fund the LP’s reward, allowing Evolution to fund a non-inflationary liquidity pharming model.
Dynamic AMM as a Solution for Decentralized Smart Indexes
The constant invariant AMM formula developed by Uniswap and Balancer is the vital core of all Defi. It is simple, it is reliable and it works. Decentralized exchanges are the first and most popular AMM-based applications. They have billions of TVLs, huge trading volumes, and compete successfully with the largest centralized exchanges for user attention.
The problem of capital efficiency was the main driver of AMM development, which eventually led to a new generation of AMMs such as Curve, Yield, Mooniswap, etc.
And PowerPool proposed a completely new concept of Dynamic AMM, constantly optimizing the AMM weights to extract the maximum return from the index capital.
For more details, read the article translated by the wonderful @Getmegone, by the way, we have it in our chat (it’s very strange if you are not there yet) and there you can ask him questions about PowerPool.
- USDC-SPL on Solana blockchain (SOL) is now supported in Trust Wallet. This will allow USDC to be sent with a commission of $ 0.00001.