Creator (CTR) – (Top 50 Blockchain-as-a-Service) A Rising Star in the Blockchain Industry

Creator, a Blockchain-as-a-Service (BaaS) platform designed to help users launch smart contract enabled decentralized applications without learning to code, just announced its network’s compatibility on Binance Smart Chain (BSC).

This comes after Creator’s successful launch of two IDOs (Initial Decentralized Exchange Offering) where Creator’s native CTR token was sold both on the Ignition Paid launchpad as well as on the MoonStarter launchpad.

Now that Creator’s platform is compatible with BSC (a smart contract enabled blockchain network), and CTR/BNB liquidity pool successfully added on Pancakeswap (a DeX built on BSC).

After enabling sufficient liquidity for CTR pairs on Pancakeswap, the Creator team has continued to nominate CTR tokens on Gate.io. The voting round has ended successfully with over 22 Million votes (twice as much as the initial goal). And now, CTR tokens are officially listed on Gate.io- a renowned crypto exchange and one of the largest in the industry recording a 24-hour trading volume of over $680 million. Besides, CTR token is also listed on Coingecko – the world’s largest independent cryptocurrency data aggregator.

In order to create maximum benefit to the Creator community as well as the Crypto industry, the Creator team implements farming capabilities for CTR holders at KyberDMM and UniFarm thus allowing CTR holders to earn yields from the token. Right now, liquidity providers can add any amount of liquidity to the BNB-CTR pool on KyberDMM on BSC to unlock their share of the $120,000 in CTR and KNC tokens liquidity mining rewards over the next two months. Furthermore, CTR holders also can start staking CTR tokens at UniFarm Cohort 23 with 3 others tokens including $HESH, $MANGA, $UFARM. Liquidity providers can stake any ONE token, and farm ALL the others at UniFarm Cohort 23 with APY up to 250%.

(BNB-CTR pool on KyberDMM)

With its listing on Uniswap, Pancakeswap, Gate.io, Coingeko as well as farming in KyberDMM and UniFarm, CTR is primed to increase its accessibility, therefore, resulting giant profits for long-term investors, and more importantly, edging closer to its goal of becoming a fully-fledged service that empowers DeFi and NFT users.

What is Creator (BaaS)?

Creator is a Blockchain as a Service (BaaS) platform that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT World. Creator’s Blockchain features shall broaden the gate for every game studio and developers to enter the gamified NFT and Blockchain industry.

Creator provides its users a blockchain infrastructure that is pre-built with all the prerequisites of a smart contract of any design and purpose thus enabling decentralized applications to thrive. Creator makes it such that the entrepreneur or creator can launch a DApp with minimal technical know-how, hence the name “creator.”

Creator’s BaaS not only provides the infrastructure that makes it easy for entrepreneurs and creators to focus on the business and creative side of their projects but also offers maintenance thus allowing anyone to set up cloud-based blockchain network solutions with ease.

Creator creates a Launchpad where entrepreneurs can raise funds and run the presales to retailers after roll out their DApp in Creator Chain. Creator Launchpad could help them to proceed with all the complicated procedures like: pre-marketing, executing the sales events, token listing, staking, vesting, liquidity mining after the sales.

How does Creator’s Platform work?

Innovators and creators on the Creator platform can bring their DApp idea to fruition by checking out the smart contracts available on Creator.

For instance, a user can decide to build a dollar-cost averaging smart contract using Creator’s drag and drop tools to program instructions into that smart contract. For our example, let us imagine that Alice is the one creating this dollar-cost averaging smart contract. Alice can therefore set the smart contract to link to the exchange, set parameters for the digital assets to buy, and outline a strategy that can be easily programmed into the contract on Creator. What’s more, Alice doesn’t even need to write a line of code.

Once the Smart Contract is ready, Alice can deploy it and have it buy the tokens it was programmed to buy according to the pre-described strategy. Alice can also decide to create the dollar-cost averaging smart contract as a product to sell to other traders looking for automated trading strategies on Creator.

However, unlike most open-source platforms that give nothing back to the original creators, Creator is designed such that Alice can receive the revenue generated from the sale of that smart contract to other third-party users.

Going forward, Creator is set to become a DAO even though the team currently handles the operation. Once it has transferred into a DAO, 70% of fees collected from activities in the Creator ecosystem will go to fund staking regards with another 30% to a Creator Treasury that will be used to incentivize the growth of the ecosystem. Long-term investors could earn not only huge profits but also authority to make decisions at Creator Chain’s system with its new Business model which has been revealed recently by the Creator team.

This model facilitates a smart contract controlled market where creators not only get credit for their work but also benefit from the purchases and profits generated by the smart contracts they designed even as the platform grows autonomously.

Using either of the UIs on Creator, anyone can build a DApp and have it go live with a few clicks. The DApp can integrate with the Polkadot ecosystem as well as with Ethereum and now the Binance Smart Chain ecosystem.

Users looking to create or innovate NFT platforms can use Creator and its built-in services to optimize costs on the DApp, and access full fit services that would otherwise be costly when built from scratch.

CTR token

In addition to helping entrepreneurs and creators in the crypto and blockchain space access tools that make the deployment of decentralized blockchain-based services much more affordable, Creator also features a native token called CTR.

At the moment, CTR is an ERC20 token however Creator’s team plan to launch a native CTR equivalent on its mainnet. CTR has a total supply of 150 million tokens. From its total supply, 30% is set aside for enabling liquidity on various exchanges, another 35% is dedicated to the platform’s development and 15% is dedicated to the Creator ecosystem.

Conclusion: Building Strong partnerships

Creator has already caught the eye of several investors and now boasts of the backing of venture capital firms such as Master Venture, V2B Labs, Exnetwork Capital, X21, Oddiyana Ventures, DarkPool Liquidity to mention a few.

As the Blockchain-as-a-Service trend continues, a host of big institutions are jumping on the bandwagon to provide the ultimate platform for moving and exchanging valuable assets on the internet. Simply put, the applications for blockchains and smart contracts are endless and Creator is at the forefront of this disruptive revolution.

from NewsBTC https://ift.tt/39ORWN4
Find The best Lending Program Top CryptocurrencyLending Program

TA: Ethereum Holds Strong at $2,750: A Strengthening Case for Upside

Ethereum retested the $2,750-2,780 support zone against the US Dollar. ETH price is recovering and it must clear $3,000 to start a steady increase in the near term.

• Ethereum started an upside correction after testing the $2,780 zone.
• The price is still trading below $3,000 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a steady increase if there is a close above $2,950 and $3,000.

Ethereum Price Faces Hurdle

Ethereum failed to clear $3,150 and started a fresh decline, similar to bitcoin. ETH broke the $3,000 and $2,950 support levels to enter a bearish zone.

The price even settled below $2,950 and the 100 hourly simple moving average. There was a break below $2,800, but the bulls remained active above $2,750. A low is formed near $2,789 and the price is now correcting lower.

Ether climbed above the $2,850 level. There was a break above the 23.6% Fib retracement level of the recent decline from the $3,165 swing high to $2,789 low. On the upside, an immediate resistance is near the $2,950 level and the 100 hourly simple moving average.

The first major resistance is near the $2,980 level. There is also a major bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $3,165 swing high to $2,789 low.

Source: ETHUSD on TradingView.com

A break above $2,950 and $3,000 could start a decent increase. The next key resistance is near $3,150, where the bears may possibly take a stand in the near term.

Fresh Decline in ETH?

If ethereum fails to continue higher above the $2,950 and $3,000 resistance levels, it could start a fresh decline. An initial support on the downside is near the $2,825 level.

The main support is still near the $2,780 and $2,750 levels. If ether fails to stay above $2,750, there is a risk of a larger decline. In the stated case, the price might slide towards the $2,650 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $2,750

Major Resistance Level – $3,000

from NewsBTC https://ift.tt/3uldUR2
Find The best Lending Program Top CryptocurrencyLending Program

TA: Bitcoin Near Crucial Juncture, Why Bulls Could Aim Fresh Increase

Bitcoin price extended its decline and tested the key $40,750 support against the US Dollar. BTC could start a fresh increase as long as it is above $40,750.

• Bitcoin extended its decline below the $42,000 and $41,200 support levels.
• The price is now trading below $42,500 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a decent increase as long as it is above the $40,750 support zone.

Bitcoin Price Tests Key Support

Bitcoin price remained in a bearish zone below the $42,500 level. BTC extended its decline below $42,000 and settled below the 100 hourly simple moving average.

There was a break below the $41,200 level, but the bulls protected the $40,750 support zone. A low is formed near $40,772 and the price is now rising. It surpassed the $41,200 and $41,500 levels. There was a break above the 23.6% Fib retracement level of the recent decline from the $44,327 swing high to $40,774 low.

Bitcoin is now trading below $42,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $42,000 level.

The first major resistance is near the $42,100 level. There is also a major bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair. The next major resistance is near the $42,600 level and the 100 hourly simple moving average.

Source: BTCUSD on TradingView.com

The 50% Fib retracement level of the recent decline from the $44,327 swing high to $40,774 low is also near the $42,550 level. A close above the $42,600 level could push the price further higher. In the stated case, it could test the $43,500 resistance.

More Downsides In BTC?

If bitcoin fails to clear the $42,100 resistance zone, it could continue to move down. An immediate support on the downside is near the $41,200 level.

The main breakdown support is near the $40,750 zone. A close below the $40,750 support level might lead the price towards the $40,000 zone. Any more losses could trigger a larger decline towards $38,000.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now rising towards the 50 level.

Major Support Levels – $41,200, followed by $40,750.

Major Resistance Levels – $42,000, $42,100 and $42,600.

from NewsBTC https://ift.tt/39M2JHJ
Find The best Lending Program Top CryptocurrencyLending Program

EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks.

This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has made moves to help further the growth of decentralized finance solutions on the ecosystem. A $100 million investment is set to be made into the DeFi ecosystem in a big to promote the development and growth of the platform.

Related Reading | Billionaire Mike Novogratz Says He’s “Not Nervous” About Crypto Sell-Off

📣Just announced 🎉 EMURGO to invest $100M in @Cardano ecosystem to accelerate #DeFi, #NFT solutions and #blockchain education! – EMURGO CEO, @KenKodama_Biz @emurgo_io#CardanoSummit2021 $ADA pic.twitter.com/Gx4fbw556x

— EMURGO (@emurgo_io) September 26, 2021

Pushing DeFi To The Forefront

The $100 million investment in the ecosystem is meant to go towards promoting the network’s capabilities to developers and uses. Although NFTs are now live on the blockchain, decentralized finance is taking a long time as developers need to build and test their protocols before rolling them out to users. Thus making sure that users’ funds in said protocols are safe.

Related Reading | Cardano Summit Sees Launch Of Exciting New Partnerships

DeFi on the network will bring things such as lending and borrowing, yield farming, and more to the ecosystem users, which are built on the smart contracts deployed on the Cardano network. The investment will hopefully help the blockchain carve out a niche for itself in the growing decentralized finance market. Also enabling it to compete with the big dogs such as Ethereum, Solana, and Algorand.

EMURGO Bolsters Cardano-Focused Projects

During the recently concluded Cardano Summit, EMURGO unveiled a number of investments made into Cardano-focused projects around the world. CEO Ken Kodama shared that the company had made strategic investments into projects being developed on the ecosystem. EMURGO participated in seed investments rounds on these projects. To bolster development on the blockchain.

ADA trends low at $2.04 | Source: ADAUSD on TradingView.com

These include Adanian, a tech incubator based in Africa that is focused on startups building on Cardano. Milkomeda, a dcSpark side chain project that bridges Cardano and other Layer 1 blockchain protocols benefitted from EMURGO’s investments. And last but not least, ADAVERSE, also focused on incurring African startups developing their offerings on the ecosystem.

Featured image from The Coin Republic, chart from TradingView.com

from NewsBTC https://ift.tt/3kMEPCg
Find The best Lending Program Top CryptocurrencyLending Program

Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling

On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term.

Bitcoin Whales Have Started Selling Their Coins

As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook for the crypto in the short term.

The BTC all exchanges whale ratio is an indicator that gives an estimation of how many whales are sending their coins to exchanges.

The metric does so by taking the sum of the top 10 transactions to each exchange and dividing it with the total inflow on all exchanges.

Exchange Whale Ratio= Sum of Top 10 Exchange Inflow TXs (BTC) ÷ Total Exchange Inflows in BTC​

The “inflow” is another indicator, it gives the total amount of Bitcoin entering into exchange wallets from personal ones.

When the whale ratio rises, it means the top 10 transactions to exchanges are taking up a larger part of the total BTC going into these exchanges.

This means more whales have started sending their coins to exchanges, either for withdrawing to fiat or stablecoins, or for purchasing altcoins.

On the other hand, when the value moves down, it means the general small transactions make up the majority of the inflows to exchanges, and that Bitcoin whales aren’t moving their coins around at this time.

Related Reading | Could A Bitcoin Bull Flag Leave Bears Blindsided

Here is a chart showing the trend in the value of the indicator over the past year:

The Bitcoin whale ratio has once again started climbing up | Source: CryptoQuant

As the above graph shows, the whale ratio has soared many times in the past year, and whenever it has, a crash in the price of the coin has also followed shortly after.

Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum

Looks like the whale ratio has once again started to move up as its value now crosses 0.50. This could indicate that BTC might move down next in the short term at least.

BTC Price

At the time of writing, Bitcoin’s price floats around $42k, down 3% in the last seven days. Over the last month, the crypto has lost 13% in value.

The below chart shows the trend in the price of the coin over the last five days:

BTC's price seems to have crashed down once again | Source: BTCUSD on TradingView

After showing some recovery from the crash due to news about China’s ban, Bitcoin has once again crashed down back to $42k after going up near $44.5k.

If the whale ratio is anything to go by, the price might continue to move further down in the short term. Maintaining above $40k is going to be crucial for any big moves forward.

from NewsBTC https://ift.tt/3m8QtXC
Find The best Lending Program Top CryptocurrencyLending Program

Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region. In light of this, large amounts of crypto are being moved from exchange wallets to presumably safer wallets.

The transactions are thought to be going to cold wallet storage. Crypto crackdowns in the country caused a surge in USDT sell-offs against the Yuan as users tried to get rid of their crypto holdings before the ban takes full effect. The latest release by the Peoples Bank of China targets over-the-counter activities like those carried out on Huobi and OKEx exchanges and declared that changing fiat to crypto or crypto-to-crypto was now regarded as an illegal activity in the country.

Related Reading | Billionaire Mike Novogratz Says He’s “Not Nervous” About Crypto Sell-Off

$3.1 Billion in Bitcoin and $2.4 Billion In Ethereum Moved

After Huobi announced it was going to retire Mainland China’s active user accounts, the exchange had begun to move funds. The exchange had moved a total of $3.1 billion worth of BTC on Sunday. The activity was flagged by btcparser which had flagged the initial transfer of 72,999 bitcoins being moved from Huobi’s wallets. Subsequent transfers were then made in 2,000 BTC increments. 1,800 bitcoins then went to a single address and the rest got split into small wallets. This strikes as odd but could possibly be the exchange moving the funds in the way they deem the safest.

Huobi exchange moves 800K ETH | Source: Whale Alert

Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum

The Ethereum transfers took a different route. Wallets that had been flagged as belonging to the Huobi Exchange then began to move Ethereum into unknown wallets. By the time the transfers were done, 800K ETH had been transferred. A total of eight Ethereum transactions were made, each carrying 100K in ETH worth over $285 million on each transaction. Adding up to a total of $2.4 billion in ETH moved to unknown wallets.

Exchanges Retiring Chinese User Accounts

Exchanges, following the release of the latest ban, responded by explaining that they would begin retiring user accounts. The process was meant to happen gradually in order to ensure that users’ funds remained safe. Mainland China user accounts are scheduled to be retired on December 31, 2021, the last day of the year. This gives investors roughly three months to put their crypto affairs in order. But despite this long time frame, the rush to get rid of crypto holdings saw price quotes for USDT drop to as low as 6.12 Yuan per USDT.

This is not the first time that China has banned crypto actives in the country. And every time one of these bans was announced, it has had a negative effect on the market and the latest ban has been no different. The announcement saw a crash in prices across the crypto market. Although the market has since recovered. While the effects of the crash linger on.

ETH price down following crackdown | Source: ETHUSD on TradingView.com Featured image from DigitalTokens.io, chart from TradingView.com

from NewsBTC https://ift.tt/2XVmCt8
Find The best Lending Program Top CryptocurrencyLending Program

Trace Network Offers an Extremely Rare Brew as World’s First Craft Beer NFT

Trace Network Labs, which recently announced its foray into the world of NFT and Metaverse, is bringing its first among many Lifestyle items that can be carried to ANY metaverse. Trace has onboarded Vietnam’s award-winning 7 Bridges Brewing Company to launch limited-edition craft beer NFTs that will be metaverse-ready.

Considered one of Asia’s most innovative craft breweries, 7 Bridges Brewing Company has created the \iNFTy range of beer which will be limited to only 110 bottles. Out of these, 99 bottles of extremely rare Grand Cru beer will be tokenized and made available to those who own the NFTs. The remaining 11 bottles will be held as brewer’s reserve.

The NFT Beer

As a part of the collaboration, Trace Network will introduce 99 unique 3D object artworks created by 7 Bridges as NFTs, each representing a bottle of extremely rare beer brewed from a special recipe that will never be used again.

Each NFT artwork representing a bottle of \iNFTy Craft Beer is unique and numbered. The artworks capture the deeper meaning of its numeral, drawing inspiration from history, science, pop culture and mysticism. The corresponding bottle, represented by the NFT will feature the unique artwork label and be cellared in ideal conditions until physically claimed by the owner.

Owning the NFT

To own the treasured bottles of 7 Bridges \iNFTy craft beer, users have to participate in the upcoming global auction on Trace Network’s Bling platform – a luxury and lifestyle NFT marketplace. The auction winners will not only become eligible to gain possession of the extremely rare beer and enjoy it but also carry them into any metaverse. They can also trade or transfer these NFTs like any other ERC token.

Enabling an Experience

Trace Network Lab’s partnership with 7 Bridges Brewing Company is the latest in a string of collaborations with premium lifestyle brands the platform has forged in recent days.

Trace aims to enable the metaverse “residents” gain limitless experience in different virtual worlds by helping them use “wearable” and “consumable” luxury & lifestyle NFTs that are created by brands as a digitized version of their real-world products offerings.

By enabling brands to create NFTs and cater to the metaverse users’ aspiration to own their products not only in the physical but also the virtual world, Trace Network has become the de-facto gateway between these two worlds for luxury and lifestyle products.

 

from NewsBTC https://ift.tt/39K8l5b
Find The best Lending Program Top CryptocurrencyLending Program