Chainlink, the industry-standard decentralized computing platform, Avalanche, a leading blockchain platform designed for speed, scalability, and security, and GMX, a leading onchain perpetual and spot exchange that offers deep, liquid markets for many top crypto assets, have today announced that Chainlink Data Streams has officially launched on Avalanche, with GMX as a launch partner using Data Streams to help power its decentralized perpetual exchange. Chainlink Data Streams unlocks a new generation of high-throughput DeFi markets on Avalanche.

Chainlink Data Streams is the all-in-one data solution for the DeFi market, combining low-latency market data and automated execution to unlock a new generation of ultra-fast and user-friendly high-throughput DeFi products. By supplying high-frequency market data using robust, decentralized infrastructure, Data Streams enables high-throughput DeFi products to create a seamless user experience comparable to CEXs while providing unprecedented onchain execution speed and battle-tested security infrastructure.

“We’re pleased to help power the next generation of high-throughput DeFi products on Avalanche through Chainlink Data Streams,” said Johann Eid, Chief Business Officer at Chainlink Labs. “By offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance.”

With Chainlink Data Streams, dApps have on-demand access to high-frequency market data backed by decentralized and time-tested Chainlink infrastructure. Chainlink Data Streams features a low-latency, pull-based oracle that provides a continuous stream of real-time market data, allowing dApps to pull information at any time.

“We’re excited to see Chainlink’s low-latency oracle solution on Avalanche,” said Lydia Chiu, Senior Vice President of Business Development at Ava Labs. “Chainlink Data Streams’ low-latency market data and automated execution enable Avalanche ecosystem projects to provide users with industry-leading performance facilitated by decentralized, credibly neutral Chainlink infrastructure.”

“GMX’s Data Streams integration on Avalanche mainnet is all about expanding the success of our GMX V2 launch,” said Coinflip, core contributor at GMX. “Chainlink Data Streams has meaningfully contributed to the decentralized exchange’s speed and resiliency, and we’re excited to bring those same benefits to all the traders and liquidity providers in the Avalanche community.”

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

About GMX

GMX is a leading onchain perpetual and spot exchange that offers deep, liquid markets for many top crypto assets. With its composable liquidity pools offering market-leading APRs and more than 100 DeFi integrations, GMX forms a foundational liquidity base layer for the Avalanche and Arbitrum blockchains.

New Web3 Community Platform Aims to Improve Product Feedback and User Engagement

Today, LCA announces the launch of Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller is set to transform the way product teams engage with their users, gather meaningful product feedback, and build community.

LCA, renowned for collaborating with top brands like Nike, Reddit, Dropbox, Opensea, and Moonpay, has been consistently developing innovative, community-centric products. Propeller represents an opportunity for legacy social platforms to step into the next phase of community collaboration, emphasizing purpose-built online spaces designed to meet the unique needs of specific communities.

“LCA was founded with the mission of connecting the disconnected through products that bring people together,” said Greg Isenberg, CEO of Late Checkout. Propeller is all about helping early-stage product teams connect directly with users who love (and hate) them. We’re thrilled to see Propeller launch on the River Protocol, focusing on privacy, security, and giving users real ownership in the community. It’s a new era for feedback.”

Propeller challenges the status quo of one-way user feedback systems by facilitating dynamic conversations between users and product teams. On Propeller, users can interact directly with team members, share ideas, and engage with other power users, all while being rewarded for their valuable input. This community-driven approach ensures that feedback is not only collected but acted upon, fostering a sense of belonging and investment among users.

Brian Meek, co-founder and CTO of HNT Labs, the web3 venture studio behind the River Protocol, highlighted the significance of this launch: “The River Protocol was designed to empower communities with enhanced privacy, security, reputation, and ownership. Propeller is a perfect example of how these principles can be applied to create a more engaged and valued user base. We are thrilled to support Propeller as the first dApp on our protocol and look forward to seeing its impact on community engagement and product development.”

With River’s token-gated memberships and on-chain verification, Propeller ensures that product feedback comes from verified community members. Each membership exists as a non-fungible token (NFT), providing proof of early adoption and enabling users to gain reputational value. This integration allows for exciting future opportunities, such as gifting and airdropping rewards based on reputation, granting access to exclusive communities, and offering new feature previews to top contributors.

Propeller is a community platform aimed at enhancing user engagement and collaboration between users and product teams. By leveraging the capabilities of the River Protocol, Propeller is creating a new standard between companies and their most dedicated users, ensuring that every voice is heard and every contribution is recognized.

For more information about Propeller and to see product examples, users can visit propeller.chat.

To get started with River, users can visit river.build.

About LCA

LCA is a product innovation agency under the Late Checkout holding company umbrella. Founded in 2020 by Greg Isenberg and Theo Tabah, LCA is the industry leader in developing ‘Community-Based Products’. Over the last 4 years they have partnered with some of the world’s most notable brands to define their futures and build products their communities love.

About HNT Labs

Here Not There Labs (HNT) is a web3 venture studio dedicated to digital communication innovation, helping online communities engage more efficiently and effectively. HNT Labs has built the on-chain communication platform, Towns, which is built on the open-source protocol, River. HNT is crafting novel communication models that empower online communities with programmable, self-governed spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, HNT is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.

FZF Ventures is doing its best to secure venture investment and ecosystem in the blockchain and crypto markets.

FZF Ventures announced that it formed a crypto fund in the first half of 2024 and invested $12M in 10 portfolios. It is a portfolio with an outstanding identity mainly in the Ai, Finance, RWA, and NFT fields, and the average IRR is targeted at 250%.

FZF Ventures has secured a blockchain and ecosystem through an investment of 12M, and aims to grow into an NFT securitization 404 project based on this ecosystem.

The NFT securitization 404 project is a global first project and is receiving a lot of attention from various institutions and investees.

FZF officials stated that ecosystem revitalization and securitization work are very useful because most of the portfolios already invested by FZF Ventures are listed projects.

The portfolio invested by FZF Ventures is as follows:

Label Ai, Avalanche, Casper, DVISION, Smart Valor, Assemble Ai, CreBit(Ai), PHR(RWA), Climate101, Kita, Artrix

Official Website: https://www.fzf-ventures.com

Coincall, a fast growing crypto exchange that provides the most diverse options and perpetuals for BTC, ETH and over 10 altcoins such as SOL, KAS and ORDI, and SOFA.org, an open-source and non-profit decentralized autonomous organization (DAO) building atomic settlements of financial assets on DeFi, have announced a strategic partnership enabling traders to bridge trading positions across CeFi and Defi.

This collaboration represents a bold step towards democratizing access to innovative financial instruments while ensuring robust security, capital efficiency, and optimized user experience, combining the best of CeFi and DeFi. By leveraging their respective strengths, SOFA.org and Coincall aim to empower all users with the ability to earn from structured products and boost yield on existing risk positions.

Key Benefits to Users Include:

1. Lower fees by accessing DeFi trading through CeFi unified UI
2. Boost yield through cross-promotional airdrops on SOFA.org’s RCH and Coincall’s CALL tokens
3. Utilize DeFi trading positions as CeFi margin, and hedge with CeFi liquidity

These benefits are achieved through the following

New Features:

1. Purchase SOFA.org products on Coincall directly using USDT: Users can trade SOFA’s structured products anytime using USDT directly on the Coincall exchange, benefiting from ease of streamlined UI and reduced gas costs.
2. Claim RCH on Coincall: Users can claim RCH rewards from Earn products eliminating the need for on-chain claims and associated costs.
3. Synergistic Tokenomics: RCH and CALL tokens will collaborate on airdrops, bonuses, and other incentives for their respective communities.
4. Use SOFA.org product positions as margin: DeFi Positions from SOFA.org’s principal-protected Earn products can be utilized as 100% USDT margin on Coincall, significantly improving users’ capital efficiency. SOFA.org’s RUSDT can also be used to facilitate deposits, withdrawals, margin trading, and fee payments in future phases of the partnership.
5. Hedge SOFA.org options risk directly using Coincall liquidity: Coincall UI will recognize options positions inherent within certain SOFA.org products and enable users to hedge directly using on exchange liquidity.
6. Trade RCH and RCH options: The RCH utility token will be listed on Coincall, with plans to introduce RCH options trading, fostering increased liquidity and derivatives exposure.

The SOFA.org-Coincall partnership sets new standards for interoperability and accessibility within the crypto ecosystem. By lowering transaction friction, and boosting capital efficiency across DeFi and CeFi, the partnership helps lower the barrier to entry for structured products and unlocks new opportunities for all users alike.

About Coincall

As the world’s largest altcoin options exchange by trade volume, Coincall provides access to over 10 exclusive altcoin options including SOL, KAS, LINK, FIL, ORDI and more. Backed by ample liquidity across major cryptocurrencies, users benefit from a seamless trading experience with USDT-denominated pricing.

Also, as an innovative derivatives trading platform, Coincall prioritizes asset security through 100% third-party custody. With exceptional customer support, the platform accommodates traders of all skill levels with ‘pro’ and ‘lite’ versions, ensuring accessibility for both newcomers and seasoned professionals.

Website: www.coincall.com
X com: https://x.com/coincall_global
Telegram: https://t.me/CoinCall_Exchange

About SOFA.org

SOFA.org is a decentralized, non-profit, and open-source DAO dedicated to developing a trustless, DeFi ecosystem capable of atomically settling financial assets on the blockchain. The organization’s first protocol will focus on crypto structured products, enabling seamless execution between depositors and market makers through a ready-made dAPP and standardized vaults. SOFA.org is supported by a number of leading DeFi builders and crypto platforms, and more information can be found at https://sofa.org/.

Website: https://www.sofa.org/
Documentation: https://docs.sofa.org/
Telegram: https://t.me/SOFAorg
Discord: https://discord.gg/sofaorg
X.com: https://x.com/SOFAorgDAO
LinkedIn: https://www.linkedin.com/company/sofa-org/
Medium: https://medium.com/sofaorg

In a groundbreaking analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), spotlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos leverages its innovative Layer-1 blockchain and RGB++ protocol to address critical scalability and programmability challenges within the Bitcoin ecosystem.

According to the report, Nervos Network not only expands on Bitcoin’s fundamental technologies but also introduces significant improvements with its Cell Model and CKB-VM. These advancements facilitate more complex applications and transactions on the blockchain without sacrificing the core principles of decentralization and security.

Messari’s research further highlights the RGB++ protocol, an evolution of the original RGB protocol that enables smart contracts and asset issuance directly on Bitcoin’s blockchain. Since its implementation, the RGB++ protocol has driven a notable increase in network activity, including an 181% month-over-month growth in new addresses this April, demonstrating the community’s strong reception and the protocol’s impact.

The integration of payment channels with the Lightning Network is also underway, which promises to make the Nervos Network more scalable and versatile for various blockchain applications. This development is poised to further cement CKB’s position as an essential layer for Bitcoin’s operation and accessibility.

“Messari’s report reaffirms our belief in the Nervos CKB’s Bitcoin-native approach to solving long-standing issues in the Bitcoin space,” said Baiyu, CKB Eco Fund Lead. “As we continue to innovate and expand our ecosystem, this recognition underscores the significant potential of CKB to support Bitcoin’s evolution into a more robust and versatile blockchain platform.”

The complete report by Messari not only sheds light on the technical merits of the Nervos Network but also positions it as a formidable contender in the blockchain space, capable of driving future innovations and increasing the overall utility of Bitcoin.

For more information and to access the full report, users can visit https://messari.io/report/understanding-nervos-network .

About Nervos CKB:

CKB is the first fully BTC-isomorphic L2 (PoW+UTXO), offering a more decentralized, secure, and Bitcoin-compatible L2 solution.

CKB scales Bitcoin’s programmability and interoperability with RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells, enabling the seamless transfer of Bitcoin L1 UTXO-based assets such as Ordinals, Atomicals, and Taproot, to CKB without any cross-chain bridge and vice versa. UTXO Stack, a Bitcoin L2 “OP Stack” secured by CKB and powered by RGB++, enables high-performance parallel chains, offering near-unlimited scalability without compromising security. CKB Lightning Network will connect with Bitcoin’s Lightning Network, facilitating a bi-directional, censorship-resistant, permissionless and trustless flow of assets between the two networks.

CKB mainnet launched in Nov. 2019 and completed its first mining reward halving in Nov. 2023.

In a groundbreaking development, Undeads Games has commenced a $50M Paired Staking initiative alongside a staggering $2M airdrop, setting a new standard in the blockchain gaming community. This new staking model is already live and introduces enhanced rewards and deeper engagement opportunities for the game’s enthusiastic player base.

Empowering the community with paired staking

Undeads Games is pioneering an exciting staking system where players can pair their UDS tokens with exclusive Undeads Zombie NFTs to maximize their earnings. By locking in UDS tokens for periods ranging from 1- 24 months, participants can earn up to an impressive 50% APR. The rewards potential escalates with the rarity of the NFT paired, offering up to 80% enhanced shares of the rewards pool.

Seamless integration and user-centric design

The Paired Staking program is designed to be accessible and user-friendly, allowing community members to easily select their desired staking period and rewards via a dedicated dashboard. Once the staking period concludes, tokens along with accrued rewards are immediately unlocked and returned to the user, ensuring transparency and reliability through a comprehensive system that not only gives significant returns but simultaneously builds trust among the community.

Celebrating community commitment with $2M UDS airdrop

Undeads Games also distributed its ground-breaking airdrop of 2,500,000 UDS tokens. This huge airdrop – part of a four-year initiative – rewards Undeads Zombies NFT holders annually, scaling the distribution according to the rarity of each holder’s NFT. This approach not only enhances the value of holders’ digital assets but also solidifies their investment in the evolving game ecosystem.

Strengthening player trust and engagement

This airdrop underscores Undeads Games’ dedication to its vibrant community of gamers and NFT enthusiasts. By intertwining substantial rewards with player involvement—through social media airdrops, the Viral Game, and play-to-earn opportunities—Undeads Games aims to foster a rewarding environment that acknowledges and compensates its most committed players, and by extension further deepen their engagement with the platform.

Understanding the offering

The Paired Staking system has been designed by the Undeads’ team to reward the trust and commitment of avid enthusiasts within the community. By choosing to participate, users agree to lock their assets for the specified period, and this commitment is irreversible until the unlock date – underscoring the significant trust users place in the project, and ultimately rewarding this trust in turn.

As such the staking mechanism stands as a testament to the committed partnership between Undeads Games and the community, ensuring that their most loyal supporters – who understand the project and actively engage with the platform – receive the maximum benefits from their investments. In an industry full of projects that simply see their investors as a means to increase their own revenue and status, this impressive offering represents a refreshing offering from a company already showing exceptional promise.

Multi-year agreement combines Aptos’ blockchain technology and Web3 onboarding guidance provided by Aptos Labs with NBCUniversal’s globally recognized media and entertainment brands

Aptos Labs today announced a long-term strategic development agreement with NBCUniversal aimed at revolutionizing fan experiences, loyalty and gaming through blockchain technology and Web3.

The agreement will explore integrating accessible blockchain technology and Web3 with NBCUniversal’s properties, connecting fandoms to the content that they love.

“We aim to deliver world-class, internet-grade blockchain products and solutions to the market,” said Mo Shaikh, co-founder & CEO of Aptos Labs. “We look forward to working with NBCUniversal and leveraging the Aptos blockchain to explore deepening fan relationships and delivering unique entertainment experiences.”

“Today’s media and entertainment landscape is rapidly changing, with fan experiences and preferences driving a lot more of those shifts than in previous eras,” said Greg Reed, Vice President of Technology Partnerships at Universal Pictures. “Our multi-year partnership with Aptos Labs will help us deepen our fan relationships so we can create and deliver more of the media and entertainment experiences our audiences crave.”

Aptos will expand on NBCUniversal’s previous initiatives that cultivated fan engagement using Web3 and blockchain technologies, including a digital scavenger hunt at Halloween Horror Nights at Universal Studios Hollywood and Universal Orlando Resort. Universal Pictures has also released several blockchain-enabled gaming experiences to promote their theatrical releases. This partnership will further explore Web3’s potential in fostering interconnected digital experiences across NBCUniversal’s platforms.

About Aptos Labs

Aptos Labs, co-founded by Mo Shaikh and Avery Ching, is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Having now raised over $400M, Aptos Labs is backed by top-flight investors, including a16z, Jump Crypto, Binance Labs, Dragonfly, PayPal Ventures, Andreessen Horowitz and Franklin Templeton Investments. For more information: https://aptoslabs.com/

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.

Covalent is excited to announce the launch of its new Covalent Ecosystem Airdrop Program as part of The New Dawn initiative, aimed at upgrading the network and further decentralizing its infrastructure for Long-Term Data Availability. The initiative focuses on improving infrastructure, optimizing staking mechanisms, and launching incentive campaigns to drive participation and growth. It also aims to reward CQT token holders who have staked for their unwavering support, participation and contributions to the Covalent ecosystem.

Covalent’s Ecosystem Airdrop Program

Covalent’s Ecosystem Airdrop Program is more than just a token distribution; it is a strategic effort to catalyze market dynamics and foster deeper engagement amongst participants of the Covalent community. Participants can access Covalent’s airdrop portal here, offering a glimpse into the eligibility criteria and potential rewards.

Long-Term Partnerships with Taiko and zkSync

As part of this initiative, Covalent reveals that the first shortlist of tokens is from long-term partners Taiko and zkSync. Covalent has been closely aligned with the projects since their testnet phases, collaborating to ensure seamless integration and mutual growth. Stay tuned for more updates as Covalent continues to expand and enhance this initiative, bringing more opportunities and rewards to the entire ecosystem.

How to Get Involved

Participating in the ecosystem airdrop is straightforward. Here’s how you can join in:

1. Become a CQT Staker: To qualify for the airdrops, individuals must stake their CQT tokens. If you haven’t already done so, please refer to the comprehensive staking dashboard for a step-by-step guide on how to stake your tokens.
2. Access the Airdrop Portal: Once you are a CQT staker, visit the Airdrop Portal to view the tokens you are eligible for based on your staking contributions.

By following these simple steps, participants can unlock additional utility and value through the airdrops, enhancing their participation and involvement in the Covalent ecosystem.

Overwhelming Demand For CQT Staking

In May 2024, the Covalent Network activated a governance proposal to increase the max multiplier due to the delegation room being full. Now, 99% of the delegation room is full once again. This level of demand has surpassed expectations, indicating a robust interest in Covalent’s staking program. To accommodate this demand, there are three tools available to introduce more delegation room, all of which require a governance process:

1. Increase the Max Multiplier: Currently set at 34x, increasing this multiplier can provide more room for delegations.
2. Onboard More Operators: This is an ongoing process to ensure the ecosystem remains decentralized and efficient.
3. Allow Operators to Increase Self-Stake: Although not ideal during the bootstrap phase, this option is available for consideration.

Those who haven’t staked and are interested in participating in the ecosystem airdrops program campaign will be able to do so once more delegation room becomes available. Stay tuned for more updates.

Join the Excitement

The New Dawn Airdrop Campaign marks a pivotal moment for the Covalent Network and its community. By rewarding loyal supporters and network participants Covalent continues to pave the way for a robust and dynamic blockchain ecosystem.

About Covalent

Covalent is the leading modular data infrastructure layer that’s dedicated to solving major challenges in blockchain and AI. Covalent’s largest reservoir of structured, verifiable data augments decentralized training and inference, reducing the likelihood of manipulated or biased AI models. Additionally, Covalent’s Ethereum Wayback Machine ensures decentralized access to Ethereum’s transaction data, keeping it secure. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and other use cases with unfettered access to on-chain data from over 225 blockchains and counting.

LibertAI’s Native Cryptocurrency Will Unlock Premium Features and Reward Its Developers and Users

LibertAI, the decentralized AI platform built on the Aleph.im decentralized cloud computing network, is excited to announce the integration of its native token on Coinbase’s Layer 2 blockchain, Base. LibertAI sets new standards for AI development and adoption by addressing core industry challenges through privacy prioritization, open-source development, and a robust decentralized infrastructure.

The AI landscape is dominated by monopolistic private companies, where issues like spying, bias, censorship, and data breaches are common. Developers are limited by the lack of transparency, flexibility and high costs associated with computational power.

“To compete with the large monopolistic companies dominating the AI industry, we need more awareness around AI privacy and the right foundations to enable this vision. It’s a big challenge that we’re undertaking, and by leveraging some of the most thriving ecosystems like Base by Coinbase, we hope to achieve this level of awareness with a mainstream audience”, said Jonathan Schemoul, lead contributor to LibertAI and co-founder of aleph.im.

AI Ecosystem Powered by Base, Coinbase’s Layer-2 and aleph.im computing DePIN

LibertAI first launched a chat app and APIs to offer offers an open-source and private alternative to ChatGPT and Meta AI; gathering over 1.7 million successful text completions on its LLMs.

LibertAI is now deploying a full-fledged ecosystem to enable open-source development of hybrid AI and Web3 applications, which includes:

• AI Engine: The core network powering various AI functionalities with open-source models for creating personalized AI personas and native web3 applications. Thanks to its native crypto rails and programmability this AI engine can fully automate workflows, access computing power more easily and even empower AI agents to pay for their computing resources.
• AI Agents Framework: Multiple personalized GPTs performing specific assigned tasks.
• Confidential Inference: LibertAI ensures data is always encrypted and privately stored on distributed computing networks. The platform’s integration with Aleph.im computing DePIN secures the mapping and training of AI data, and offers distributed CPU and GPU fpr cost-effective AI. Aleph.im counts esteemed clients and partners like Ubisoft, Synaps, and Request Network.
• $LTAI Token: Facilitates native payment rails and extended decentralized financial applications (DeFi). The $LTAI token deployed on Base, grants access to advanced models and features, a personalized knowledge base, tiered API plans, rewards for hardware provisioning and model improvements, and the deployment of agents on the network.

Future Use Cases for LibertAI

Key applications empowered by LibertAI’s unique Web3 capabilities include securely processing private data for companies, provable AI decision-making for DAOs, AI-managed autonomous organizations, and creating NFTs with verified generative biographies for gaming.

LibertAI is deploying its native $LTAI token on Base, Coinbase’s Layer 2 network, to leverage its robust DeFi ecosystem. Base can support the automatic conversion of LibertAI into other tokens for payments, stablecoin conversion, and seamless payment flows using Superfluid. It also supports lending and borrowing of the LibertAI token, creating a self-sustaining economy for AI agents.

For more information, users can visit https://libertai.io/

About LibertAI

LibertAI a decentralized AI system, has the potential to be more secure, accessible, resilient, and efficient than a centralized system, while also reducing the risk of bias and protecting the privacy of users.Libertai large language models are running on a set of technologies such as IPFS in combination with aleph.im. It effectively runs on a fully decentralized, uncensored, secure and resilient computing network that is practically unstoppable.

About Aleph.im

Aleph.im is a decentralized physical infrastructure redefining data management and computing in the blockchain ecosystem. It ensures operational resilience for applications, particularly in AI, DeFi, and gaming industries. Aleph.im works with Ubisoft, Solana, Request Finance. Since 2020, its marketplace has provided scalable, high-performance Instances and Micro-Virtual Machines resources on several networks such as Ethereum (and its L2s), Avalanche Solana, Cosmos or Tezos.

Web: https://aleph.im
Twitter: https://twitter.com/aleph_im

One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU.

The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users get to entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also get access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.

Regardless of the new service, Electrocoin decided to keep the old service as well – any adult citizen in the EU can buy, sell, or trade cryptocurrencies up to 1000 euros without verification or prior registration on the platform. This way, Electrocoin wanted to ensure their existing and future users had an option where they could still access crypto even if they would rather not register with the new platform. This service is possible due to regulatory approval for KYC-less money exchange under certain thresholds.

The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service – paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies – as long as the payment recipient has a bank account number.

Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out.

Get started with crypto and visit Electrocoin Trade now!