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The post Binance is Back to India? appeared first on Coinpedia Fintech News
Binance website URL is now accessible in India. URLs of 9 offshore crypto exchanges including Binance, OKX, Kucoin were blocked by Govt. of India on January 12, 2024. These platforms received show-cause notice from the finance ministry in December 2023 for not complying with Indias anti money laundering laws. Kucoin was the first offshore crypto …
fun launches PumpSwap, a DEX on Solana with zero-fee token migrations. PumpSwap supports memecoins and partner tokens, enhancing DeFi accessibility. The launch follows Raydium’s memecoin factory, intensifying Solana DeFi competition. Pump.fun, the widely recognized memecoin launchpad on the Solana blockchain, has launched its native decentralized exchange (DEX), PumpSwap. Introducing PumpSwap, Pump’s new native DEX beginning […]
The post Pump.fun launches native DEX, PumpSwap, with zero migration fees appeared first on CoinJournal.
PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. PancakeSwap (CAKE) has dropped by 21% over the last seven days. The DEX’s core team introduced a proposal to reduce the token’s inflation rate to 3-5%. PancakeSwap’s native token, CAKE, has declined by about 21% in the last seven days and 27% in the […]
The post CAKE down 21% as PancakeSwap mulls slashing staking rewards appeared first on CoinJournal.
Decentralised exchanges (DEX’s) are platforms that offer traders an alternative to centralised exchange platforms. They are non-custodial, meaning that transactions are performed without third-party intermediaries and funds are directly transferred to user-owned wallets. Benefits of DEX’s over traditional exchanges include user anonymity, security, reduced costs, and a greater degree of integration with the world of DeFi dApps.
Here are three tokens to consider purchasing if you are interested in getting involved with the growing and popular sector of DEX’s, including the promising early-stage crypto Calyx Token (CLX).
Uniswap (UNI) Is The Largest DEX for Daily VolumeUniswap (UNI) is the token of the decentralised exchange of the same name. The exchange first launched in January 2018 and has since become the largest decentralised cryptocurrency exchange according to data from CoinMarketCap’s ‘Top Cryptocurrency Decentralised Exchanges’ as ranked by 24hr trading volume, with over $1 billion transacted daily.
The Uniswap (UNI) token has also become the largest DEX utility token and currently takes 21st place overall of all cryptocurrencies when ranked by market capitalization. With the price sitting at $6.89 in late 2020, Uniswap (UNI) has experienced a high level of volatility since it launched and has enjoyed explosive growth in the first half of 2021 reaching an all-time high of $43.16 before exhibiting negative volatility since. At the time of writing the token is valued at under $6.
Uniswap (UNI) was an investment that paid dividends to those who purchased before January 24, 2021, and sold before April 4, 2021 (almost doubling their investment).
Early-Stage DEX Calyx Token (CLX) Has The Most PotentialCalyx Token (CLX) is an ERC20 token on the Ethereum network used for utility and governance on Calyx Swap and its Calyx Token permissionless liquidity protocol. Calyx Swap is a decentralised exchange that connects liquidity providers with traders, offering unique benefits to both, as well as staking rewards for holders of Calyx Token (CLX).
Liquidity providers receive a portion of the fees paid by traders on all completed trades, this liquidity can be accessed by traders when performing atomic swaps between cryptocurrencies on CalyxSwap. These traders can use the platform to seek the best price liquidity pool for the cryptocurrency pair they are transacting.
Currently in presale, Calyx Token (CLX) is a strong prospect for investment due to the low presale token price and strong project fundamentals. Additionally, Calyx Token (CLX) is a deflationary cryptocurrency, which means that a portion of tokens is automatically “burned” from the ecosystem over time, permanently removing them from circulation. This contributes to a continued appreciation of value as scarcity increases.
PancakeSwap (CAKE) Offers Almost 4000 Swap MarketsPancakeSwap (CAKE) is just below UniSwap (UNI) on the CoinMarketCap list of top DEXs, taking second place with over $800 million in 24hr volume.
Holders can stake their PancakeSwap (CAKE) tokens to provide liquidity to the PancakeSwap decentralised exchange and earn passive income rewards. Holding PancakeSwap (CAKE) also gives access to a regular lottery event where PancakeSwap (CAKE) token prizes can be won.
PancakeSwap (CAKE) and its DEX platform has the potential to eventually overtake Uniswap, offering 3948 markets for trade compared to Uniswap’s 627, however, this depends heavily on whether the platform can accomplish sustained community growth and engagement.
Early-stage DEXs Offer Great Long Term ProspectsThe top decentralised exchanges have offered great returns for those who managed to get in early, however, their future potential is uncertain. Calyx Token (CLX) is an early-stage DEX project that offers an alternative with benefits over its centralised and decentralised competitors, and a high potential for long-term returns for early investors.
Calyx Token (CLX)
PRESALE: https://presale.calyxtoken.io/register
WEBSITE: https://calyxtoken.io
TELEGRAM: https://t.me/CALYX_TOKEN_OFFICIAL
TWITTER: https://twitter.com/CalyxToken
INSTAGRAM: https://www.instagram.com/calyx_token
Uniswap (UNI)
WEBSITE: https://uniswap.org/
TELEGRAM: https://t.me/s/uniswaplistings
TWITTER: https://twitter.com/Uniswap
PancakeSwap (CAKE)
WEBSITE: https://pancakeswap.finance/
TELEGRAM: https://t.me/pancakeswap
TWITTER: https://twitter.com/pancakeswap
INSTAGRAM: https://instagram.com/pancakeswap_official
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Information Provided Via Guest Post SubmissionContent not created, evaluated, or endorsed by Global Crypto Press
Subscribe to GCP in a readerSimilar to foreign exchange markets, where currencies are traded continuously, cryptocurrencies need their own markets for users to buy, sell and trade cryptocurrencies.
In an effort to boost the development of KCC’s decentralized ecosystem, KuCoin Labs announced today that it has made a strategic investment in MojitoSwap, the first DEX on the KCC chain.
On January 7, Autonomy Network, a DeFi protocol, announced the launch of a unique decentralized application (DApp) known as ‘AutoSwap’ on the Binance Smart Chain (BSC) blockchain network.
On January 7, Autonomy Network, a DeFi protocol, announced the launch of a unique decentralized application (DApp) known as ‘AutoSwap’ on the Binance Smart Chain (BSC) blockchain network.
DODO price jumped 33% after Binance announced the DODO perpetual contract. Users will access the product with up to 20x starting August 8 at 08:00 (UTC). DODO, the governance token of the decentralized exchange (DEX) platform of the same name, spiked by more than 33% on Monday morning. Within hours of an announcement from leading […]
The post DODO price jumps after Binance makes major announcement appeared first on CoinJournal.
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