close

Crypto

Crypto

Top 3 Stablecoins in 2022: Your Key To Success?

[ad_1]

Stablecoins are an incredibly interesting asset in the crypto market in recent years. While cryptocurrencies at the beginning wanted to deliver a refined option to FIAT currencies through the blockchain and wanted to liberate themselves from their rates, stablecoins were later created, which mapped the rates of FIAT currencies. In this article, we will talk about the top 3 Stablecoins in 2022. 

What are Stablecoins?

Stablecoins are cryptocurrencies that are founded on the blockchain but are connected to the real value of a FIAT currency or other asset outside of the crypto world. These can be fiat currencies like US dollars, euros, or the British pound. Yet, these can also be special metals such as gold or other assets.

So if a stablecoin is pegged to the USD, then the value of that stablecoin is equivalent to the value of one US dollar at any given time. This indicates that stablecoins are “unchanging” in the sense that they adapt their value to the FIAT currency. Yet, they are of course subject to instabilities in the value of this FIAT currency, for instance, due to inflation or deflation.

 Top 3 Stablecoins: Tether (USDT)

Top 3 Stablecoins

USDT Weekly Market Cap: TradingView

Tether was initially pitched as an actual coin in 2014. It is the most extensive and well-known stablecoin on the market. Tether has a market cap of more than $72 billion, making it the third largest cryptocurrency. It is available on more than 400 crypto exchanges.

Join the Chat Discord

Despite its exceptional functionality and position as a market leader, USDT has lately come under fire as the company has continually refused investigations and had to pay penalties for illicit activities in the US. Despite these hardships, USDT has functioned excellently as a stablecoin since its launch. Tether tokens are assembled on numerous blockchains—delivering effortless integration and adoption. Backed blockchains are Bitcoin (Omni & Liquid protocol), Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash (SLP).

Aavegotchis Guild

 Top 3 Stablecoins: USD Coin (USDC)

Top 3 Stablecoins

USDC Weekly Market Cap: TradingView

The USD coin was launched by the Coinbase exchange in 2018. USDC is the second-most extensive stablecoin. It has a market cap of $54 billion. This puts USDC in 4th place after Tether at Coinmarketcap. The USDC is available on more than 300 exchanges and functions broadly with financial establishments and regulators. Unlike Tether, monthly audits take place at the USDC.

Top 3 Stablecoins: Binance USD (BUSD)

Top 3 Stablecoins

BUSD Weekly: TradingView

After Coinbase launched USD Coin, the world’s largest crypto exchange Binance followed shortly in 2019 when it established its stablecoin. The market capitalization is 18 billion US dollars. This puts BUSD on number 12 on Coinmarketcap. BUSD is only available on more than 100 exchanges.

With the Binance Coin (BNB), Binance has already built the fourth-largest cryptocurrency by market capitalization. Its own stablecoin Binance USD is one of the 3 most extensive stablecoins in 2022 and among the leading 12 of all cryptocurrencies by market capitalization. The BUSD is now carried by almost all major crypto exchanges. At Binance, it delivers the benefit of not charging any fees.

Is Stablecoin a Good Investment?

As stablecoins have a “steady” price, they are commonly regarded as the securest form of investment among cryptocurrencies. Yet, as an investor, you should understand that stablecoins are generally favorably centralized and likened to “true” cryptocurrencies, which are fully decentralized. Tether, USD Coin, and Binance USD are all completely owned by their parent organizations.

The financial institutions that issue stablecoins get authority and money equivalent to regular banks, but without having to obey the standard rules in the traditional financial market. In recent years, the market capitalization of all coins has grown massively in a short time. As these types of cryptocurrencies become more and more active in conventional financial markets, buzzes for more regulation are getting noisier. They are also more powerless in a financial crash.

People can purchase stablecoins if they want to dive into the cryptocurrency world but are scared of the lofty volatility first or want to get to understand the processes first. Nevertheless, of course, they do not fetch any income, since their value is steady against the US dollar.


You might also like

More from Altcoin

[ad_2]

read more
Crypto

CryptoTicker announces its first NFT Collection

[ad_1]

CryptoTicker is thrilled to be the first German crypto news platform to release an NFT collection as a first stepping stone into its own Metaverse. Those NFTs will allow their respective holders to benefit from invaluable future drops. In this article, we’re going to go over everything you need to know: What CryptoTicker is, what CryptoTicker NFTs allow you to do, and how to get them.

What is CryptoTicker?

Join the Chat Discord

CryptoTicker started as a Berlin-based crypto, blockchain, and tech news platform composed of an international team of experts dedicated to sharing their knowledge with the community. Our team spans the globe bringing news, and market insights and sharing solid market analysis and trading ideas.

Over the course of 5  years, CryptoTicker grew its reach from mere thousands to more than 10 million visitors per year. Our start was humble, but we dreamed big and always believed in blockchain tech. That’s why today, we are officially announcing our transition to Web 3.0.

CryptoTicker’s first NFT collection – What’s it about? 

We are proud to announce our upcoming NFT drop for our exclusive members, which is our gateway into the exciting Metaverse. Switching from Web 2.0 to Web 3.0 infrastructure is not easy and requires a lot of effort. As we plan our progressive roll-out, we will be adding more and more features and benefits to our roster.

As a first step, we will be releasing two types of NFTs that allow holders to be eligible for future airdrops.

  • CT Genesis: (Legendary)
    • Lifetime access to Discord (valued at $600 per year)
    • 3 NFT airdrops during 2022, of which 2 are guaranteed legendary items upon reveal
    • Full-Service Package for CryptoTicker Summer-Party Weekend in Mallorca – Flight + Accommodation in our CryptoTicker Mallorca Villa (planned between End of August / beginning of September)
    • 2 Days Masterclass before the Summer Party weekend physical & offline
    • Access to our Cryptoticker Masterclass Discord Channel
    • Annual Christmas Dinner with Cryptoticker Founding Team including 1 hotel accommodation
    • Participation in Raffles for free conference tickets
    • Private Tutoring and support from our Trading & Research team
  • 2022: (Super Rare)
    • 2022 access to Discord (valued at $600 per year)
    • 1 NFT Airdrop during 2022 which is a guaranteed super rare item within revealing
    • Invitation to participate CryptoTicker Summer-Party Weekend in Mallorca 2022 (planned between End of August / beginning of September)
Aavegotchis Guild

When will CryptoTicker’s first NFT mint happen?

  • Whitelist open until 9th of June 2022, only via Discord
  • Whitelist Minting 10th of June – 4:30 pm CET / 2.30pm UTC+2 (during Consensus)
  • Public Minting beginning 15th of June 2022 (very limited availability)

For more info make sure to visit nft.cryptoticker.io.

How to Participate in the upcoming NFT mint?

In order to qualify for the Genesis NFT mint, you need to first be a CryptoTicker premium member and become whitelisted. After doing so, the NFTs will be available for minting on the 10th of June, 2022. Here’s a step-by-step guide on how to whitelist to guarantee your spot:

  1. Become a premium member of our CryptoTicker community through this link
  2. Activate your account on Discord and write to our Bot “Buddy” your order number and your email address to see the premium channels
  3. Find the channel called “Apply-Whitelist”
  4. Type “/Apply” in the channel and answer a few questions via direct message (PS: Make sure to enable “Private messages from your discord settings, as our bot will message you directly during this step)
  5. The whitelisted users will be announced on the 9th of June on our Announcement channel on Discord

Once done, you’ll wait for a confirmation message allowing you to mint the NFT. On the day of the mint, here’s what you need to do:

  1. Download a Metamask wallet
  2. Buy some Ether
  3. Send your Ether to your Metamask
  4. Go to nft.cryptoticker.io
  5. Connect your Metamask wallet
  6. Select which NFT you want and mint!

Important Dates to remember:

  • Whitelist is open until 9th of June 2022 for premium members only via Discord
  • Whitelist Minting 10th of June – 4:30 pm CET / 2:30pm UTC+2 (during Consensus)
  • Public Minting beginning 15th of June 2022 (very limited availability)


You might also like

 

More from Airdrop

How to Claim LUNA on Terra 2 Guide

How to claim LUNA on Terra 2.0? Here’s a guide that sums up everything that happened so far and to …

Gas Fee Problem: Chaos over OTHERSIDE Metaverse, What Happened?

When OTHERSIDE launched its new NFT collection, many problems occurred. What happened with OTHERSIDE NFT launch? Here’s what to know.

Optimism Airdrop Confirmed – Here’s how to Claim OP Tokens for free

The Optimism crypto project is a known “Layer 2” scaling solution for Ethereum. Here’s what to know about Optimism airdrop …

[ad_2]

read more
Crypto

Top 3 Best Centralized Exchanges For June 2022

[ad_1]

The crypto market is one of the most famous sectors in the economic market. This is because it accommodates a whole inventory of projects that traders can use to make profits. Apart from that, the inventions in the sector are always constant. In this article, we will be looking into what centralized exchanges are with a highlight of the top 3 best-centralized exchanges for June 2022. Let’s take a look. 

What Are Centralized Exchanges (CEX)?

Centralized exchanges are platforms that are maintained and controlled by a major entity. These platforms maintain the particulars and accounts of users safe. Users are equipped with hot wallets as the platform carries on to the private keys of their wallets. Transactions on centralized exchanges are fast. In this, traders don’t communicate with smart contracts, making transactions automated.

Centralized exchanges give a small extent of obscurity. This is because they are a central entity and follow the laws and restrictions of their countries. The platforms demand traders to give their details and confirm them upon registration. Also, traders are given different tokens that they can buy. One of the elements that stands centralized exchanges out is the clarity of carrying out actions on the platforms.

3.Top 3 Best Centralized Exchanges: Kraken

Kraken is one of the most recognized crypto exchanges. At the time of writing this, more than 100 different cryptocurrencies are listed on Kraken. It has trading expenses of 0.16% and 0.26% respectively.

The exchange fulfills the requirements of regulators in every country where it operates. It comes with various features such as staking, margin, and futures trading. The platform has grown globally. The moderately complex user interface and the lack of investment security are some of the negligible drawbacks, but this is not a paramount concern considering the otherwise very solid advantages.

Join the Chat Discord

It has a low-fee margin trading. It is a more complicated arrangement of investment that can potentially bring more high returns. It also offers fortunes trading on distinct cryptocurrencies. Margin fees vary by cryptocurrency. Just like many crypto exchanges, Kraken mostly utilizes a maker and taker cost estimation. Basically, this indicates that users get a lower fee if they combine liquidity into the market rather than taking it away. The 24-hour trading volume is almost $505 million.

Some features are:

  •   Minimum deposit: 1 EUR
  •    Fees: from 0.16 %
  •    Headquarter: USA
  •    Foundation: 2013
  •    Cryptocurrencies: 161
  •    Leverage: up to 1:5

2.Top 3 Best Centralized Exchanges: Binance

Binance is one more crypto exchange with prestige and popularity in the crypto market. It was launched by Changpeng Zhao. Binance is now the top crypto exchange when it comes to trade volumes.

After China prohibited cryptocurrencies in 2017, Changpeng Zhao shifted Binance’s headquarters to Japan. In the past few years, the branches are founded in different countries. In 2020, CZ shifted the firm to Malta, a country acknowledged for its openness towards crypto and blockchain. At the moment, the headquarter of Binance is now on Caymans Island, with its other offices dispersed over 50 sites worldwide.

Binance offers traders a comprehensive list of digital assets. The platform is still growing the number of supported tokens. The platform has a vast collection of tokens. At the time of writing this, it has almost 336 cryptocurrencies listed on its platform. The 24-hour trading volume is $10.14 billion.

It has a desktop app but it delivers mobile users a mini version on their Android and iOS devices. Binance charges withdrawal fees according to the market trends while keeping coins on the platform is free. Trading fees on the crypto exchange are 0.1% when users don’t return the expenses using BNB. Hosting a wallet on the Binance is completely unrestricted.

Binance can process 1,400,000 orders per second and keeps multiple cryptocurrencies. Binance benefits more than 15,000,000 users globally.

Some features are:

  •    Minimum deposit: 15 EUR
  •    Fees: 0.1%
  •    Headquarter: Cayman Islands
  •    Foundation: 2017
  •    Cryptocurrencies: 500+
  •    Leverage: up to 1:125

1.Top 3 Best Centralized Exchanges: Bitfinex

Bitfinex is also a great platform to buy cryptocurrencies. Besides, users can buy or sell their digital assets or hold them safe. Bitfinex has a distinct interface for new traders and experienced traders like many exchanges.

This makes it comfortable for new traders to move and use elementary services. So, if users wish to trade or invest casually and are not inquisitive about more progressive options, they can efficiently access a more explicit interface. On the other hand, experienced traders can use many tools for trading. If users require a good platform with exceptional trading attributes then they should trade with Bitfinex. This trading platform is also famous for its intense emphasis on security and stability.

Some features:

  •    Minimum deposit: 10.000 EUR 
  •    Fees: 0.1% Maker, 0.2% Taker
  •    Headquarter: British Virgin Islands
  •    Foundation: 2012
  •    Cryptocurrencies: 170+ 
  •    Leverage: up to 1:100

 

You might also like

More from Cryptocurrency Exchanges

Bitfinex has a TOKEN! What is UNUS SED LEO? Is it a Good Buy?

In this article, we will be looking into the exciting offers that one of the famous crypto exchanges in the …

How to Trade and Lend on Bitfinex? Easy Guide

This article will look into everything concerning Bitfinex, including carrying how to carry out trades and lend on the platform.

Bybit x CryptoTicker: Crypto Bonus up to $9,020 with Easy Steps! Here’s How

In this article, we’re going to introduce Bybit, and walk you through a step-by-step guide on how to buy Crypto …

[ad_2]

read more
Crypto

What are Lockdrops? Are Lockdrops Worth it?

[ad_1]

Many people are familiar with the term Airdrop in the cryptocurrency world. But have you ever heard about lockdrops?. This article is all about what are lockdrops and what’s the difference between lockdrops and airdrops. Let’s take a look at it in more detail.

What Are Lockdrops?

A lockdrop is a form of allocating tokens to a big network. This is similar to airdrops but Lockdrops are revised airdrops that demand some allegiance from the user to obtain free tokens. In a lockdrop, users stake one token for a particular time and obtain their staked tokens and another token after clearance. For example, token holders of a specific network such as SOLANA will lock their SOL token by utilizing a smart contract.

The longer their funds are closed in, the more tokens they will get from that new network after it launches. This is just like fixed deposits but the terms and durations are variable. 

The period of the staking is irregular. Tokens are locked in a smart contract, and the return is defined on a pro-rata motivation — the more and the longer users stake, the more they get in return. The purpose of lockdrops is to give users an incentive. If users lock in some of their tokens to some blockchain network’s security then they will be more curious about its success.

Lockdrops are formed via smart contracts, with every token that is sealed or locked in, another token is produced. After the network is pitched; the user can plead their initial funds and the new tokens. Another possibility is provided for users to show their backing for the project by logging their token address and obtaining a lower reward of tokens rather.

Join the Chat Discord

Commonwealth Labs first launched the idea of a lockdrop on their Edgeware network and Polkadot blockchain. Edgewares lockdrop proclaimed to have delivered away more than 90% of their tokens via lockdrop in 2019.

Lockdrops vs Airdrops

We have already explained the difference between the two but it is important to understand how both work. Let’s take a look.

Lockdrops: Users lock some number of tokens (for example 50 XYZ tokens of a particular token) in a smart contract before the token is released. They obtain their 50 XYZ tokens and some free PQR tokens when the token PQR launches. The more and the longer users stake XYZ tokens, the more they get in return.

Airdrops: In this, users communicate with the project by testing it on the testnet, supplying liquidity, or other activities that are appropriate to its use case. They get free tokens based on those activities. 

The major distinction is that lockdrops demand a more increased extent of a stake. Users could obtain an airdrop as a motivation for backing the protocol. In the case of a lockdrop, users have to stake their coins with a unique protocol and incur an option price while it’s staked.

Edgeware Lockdrop