With cryptocurrency joining the mainstream, the interest in the crypto market is continuing to grow and develop. As of 2021, there are 6,000 different types of currencies shown on the crypto market, with more expected to be added in 2022, meaning that the industry, which was around $500 billion in 2018, is predicted to increase even further in the years to come. One crypto that is taking the world by storm is VeThor Tokens.
VeThor Token (VTHO) is a new crypto token that fuels the VeChainThor Blockchain. It’s designed to facilitate the exchange of value in the VeChainThor Blockchain.
VTHO can be used for many different operations, like paying for transaction fees, smart contract deployment and invocation costs, governance voting, and more. VeThor is a blockchain-based ecosystem that enables the creation of a wide range of services for exchanging the energy of VeChain Thor. Furthermore, it is designed to help users realize value from their data and build trust and reputation through the distributed ownership of data. As a result, it’s predicted that VeThor will become the most valuable coin in the world.
VeThor tokens have a few essential functions. The first is to provide rewards for holding the token. The second function is to be used as a currency that facilitates transactions on the platform. Finally, the VeChain team will use 50% of ICO profits on business development and marketing, ultimately increasing transaction volume on the platform and making it a more valuable place to conduct business.
One way to use VeThor tokens is for staking. This is an investment strategy where you are lending your VeThor tokens to the VeThor team in exchange for some passive income. The team’s incentive is to keep their token supply limited while creating a secondary market of tokens on exchanges.
VeThor tokens also offer benefits if you trade on exchanges that support them. For example, if there’s a trading pair of VeThor/BTC and BTC/USD, holding 1 BTC worth of VeThor will make it easier to buy or sell BTC on the USD markets.
VeThor is the next evolution of blockchain technology. It is designed specifically for a heavily saturated market with high transaction volume and large data requirements. Through the use of side chains and sharding, VeThor will be able to support many times more transactions than any other blockchain in existence today.
VeThor is a cryptocurrency that continues to grow, meaning the longer you hold on to your investment, the more it will increase. VTHO is the token used for paying the transaction fees of the VeChainThor blockchain, which is based on Proof-of-Stake consensus. VTHO is generated by holding VeThor(VET) tokens in a specific wallet, referred to as “staking.”
The amount of VTHO produced depends on how much VET one stakes. Currently, this ratio is 100:1. So when you hold 1 VET, you are eligible to receive 100 VTHO per year.
Technical analysis of the VTHO token price indicates that the value of VTHO will increase. The technical analysis is based on an algorithm that uses historical data to predict future trends.
Experts have noticed that the history of the VTHO token price is repeating itself, and we believe that the future will mirror the past. Consequently, we predict that VeThor (VTHO) will increase in value in the future. Based on the analysis of price fluctuations and VTHO price prediction, VeThor (VTHO) will be priced between $0.03 and $0.035 by 2025. The average price will be $0.033 in 2025. In addition to this, the token will also be worth $0.0157 in one year, $0.0192 in two years, and $0.0309 in 2030.
Cryptegrity DAO (ESCROW) is Now Available for Trading on Hotbit
Hotbit Exchange, a global crypto trading platform, officially listed $ESCROW (Cryptegrity DAO) on January 27, 2023. The ESCROW/USDT trading pair is now available for all users of Hotbit Exchange.
To increase trust and protect the funds of buyers and sellers, Cryptegrity DAO (ESCROW) has introduced a means to trade crypto for goods and services without fear of theft or services not rendered, providing Security via smart contract technology. Its native token $ESCROW has been listed on Hotbit Exchange at 07:00 AM UTC on January 27, 2023, to expand its global reach further and maintain a secure and reliable platform for the exchange of goods and services using crypto.
INTRODUCING CRYPTEGRITY DAO
Cryptegrity is a blockchain-based platform that aims to increase trust between buyers and sellers of goods and services. The platform utilizes smart contract technology and cryptographic techniques to ensure transactions’ integrity and funds’ security.
Cryptegrity’s web3 platform offers transparency and peace of mind that is impossible with traditional web2 competitors. Buyer funds are locked in an audited smart contract and released to the seller only when goods are received or services are rendered. This ensures that buyers and sellers can have confidence in the security of their transactions and reduces counterparty risk.
25% of revenue is distributed to $Escrow holders in real-time through smart contract technology. This revenue sharing continues for the lifespan of the platform or until all tokens are repurchased from public circulation. The Cryptegrity platform incentivizes the community and holders to help create liquidity and earn rewards by offering $Escrow for creating $Escrow LP pairs and staking them. Additionally, the Cryptegrity DAO rewards participants for contributing and resolving issues on the platform.
In conclusion, Cryptegrity is an innovative platform changing our thoughts about online identity verification. With its cutting-edge technology, user-friendly interface, and listing on Hotbit, this project is poised to make a big impact in the industry.
About $ESCROW Token
The Escrow Token serves dual purposes: it distributes platform fees to Token holders via revenue sharing and functions as a governance token with voting rights in the Cryptegrity DAO. It is the native token of the Cryptegrity Platform and is built on the Bep-20 and Erc-20 standards.
ESCROW has a total supply of 100 million tokens, with the following allocation: 10% to founders, 10% to the team, 10% for marketing and development, 10% for promotions, 10% for partnerships, 10% for liquidity for future DEX and CEX, and 40% available for sale to the public.
The ESCROW token is now available for trading on Hotbit Exchange starting at 07:00 AM UTC on January 27, 2023. Investors can easily buy and sell the token in relation to the Cryptegrity Project. The listing on Hotbit Exchange will aid in expanding the project’s reach and increasing market attention.
Founded in 2018 and holding Estonian MTR license, American MSB license, Australian AUSTRAC license, and Canadian MSB license, Hotbit cryptocurrency exchange is known as a leading trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment and DAPP into one platform. Hotbit has already gained over 8 Million registered users from more than 210 countries and regions. Based on its globalized and unified strategies, Hotbit continues to focus on world’s emerging markets, such as Russia, Turkey and Southeast Asia markets and was ranked one of the top 3 most welcomed exchanges by Russian media in 2019. Hotbit is constantly introducing and listing high-quality crypto projects so its users can directly trade, manage, track, and analyze cryptocurrencies, making the entire experience easier for ordinary people.
Start Trading Now: Hotbit.io
Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether, in the Red.
“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.”
Australian Government Flagged FTX Concerns Eight Months Before Downfall
A new report shows that the fallen crypto exchange FTX had already caused concerns with the Australian regulator months before its collapse. According to a document on The Guardian Australia’s website, the ASIC (Australian Securities and Investments Commission) started investigating the firm’s local operation last March.
An article in the Australian Financial Review prompted the concerns. The article outlined the now-bankrupt exchange’s plans to launch in Australia within a few weeks. FTX caused more concerns when rumors that it would allow users to purchase cryptocurrencies with margin loans of 30 times their investment started making rounds.
In early April 2022, several Australian regulators held meetings with FTX leadership, and at that time, the exchange promised to operate under the stipulated while cautioning its customers about potential scams. However, the regulators somehow remained concerned about the FTX business.
Report Shows ASIC Issued Several Notices to FTX Australia Within a Few Months
In a span of four months, the ASIC had issued about four notices to FTX’s Australian subsidiary, requesting more information about its business operations. However, to avoid interfering with its law enforcement activities, ASIC did not issue the notices via a freedom of information request.
The Guardian Australia’s briefing document released on November 12, 2022, a day after FTX had filed for bankruptcy, indicates that, indeed, the ASIC had been carrying out what’s described in the document as a ‘surveillance activity’ on the fallen exchange since last March.
The document stated that since March 2022, the Australian regulator has been requesting information from FTX Australia regarding its financial offerings. Among the issues raised included the firm’s compliance with the ASIC’s product intervention order alongside pricing and how it registered new users.
FTX Licensing Strategy
It has been discovered that FTX Australian began its operations without ASIC’s approval because it evaded the usual licensing procedures by buying out an existing firm that had possessed an Australian Financial Services License since 2021.
Another revelation shows that IFS Markets, the company acquired by FTX, had also gotten the license by taking over another financial firm called Forex Financial Services a few months earlier.
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