Hayden Adams, founder and CEO of Uniswap, explained the ethical considerations for effective token distribution. This comes days after the cryptocurrency community raised concerns about the transparency and fairness of EigenLayer’s token distribution.at post, Adams emphasized that he was discussing tokens, not points. He then criticized the practice of creating ambiguity and obfuscation during token distribution to inflate engagement metrics.Adams cautioned against public speculation, mainly when the team is uncertain about its future developments. He has information about the token distribution, but he advised not to tease it unless he plans to reveal the details.source: Hayden AdamsEigenLayer users who felt…
Author: Crypto Flexs
Read More
We do the research, you get the alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportAccording to CoinGlass, the Grayscale Bitcoin Trust ETF finally raised more new cash than it lost, posting positive returns of $63 million, marking its 11th consecutive week of winnings.GBTC has seen so many investors cash out since a rival spot Bitcoin ETF was approved last January, that GBTC’s outflows alone have often strained the nascent space as a whole.“Inflows into $GBTC today,” Bloomberg ETF analyst Eric Balchunas tweeted. “The 80-day streak…
In a significant development in the bankruptcy proceedings involving defunct exchange FTX and its debtors, the company’s former co-CEO Ryan Salame has agreed to forfeit $5.9 million in Bahamian property as part of a plea deal in a criminal case. The decision follows Salameh’s September 2023 guilty plea in which he pleaded guilty to criminal charges and agreed to pay $5.6 million in restitution to debtors. According to a motion filed by FTX Trading Ltd and affiliated debtors in the U.S. Bankruptcy Court for the District of Delaware, Salame promised to fulfill the plea deal by transferring ownership of the…
The innovative approach aims to ensure fair token distribution.LayerZero Labs has introduced a new self-reporting mechanism designed to address Sybil activity within the network, commonly known as “airdrop farming.” This move by the creators of the cross-chain communication protocol aims to ensure that tokens are distributed fairly among truly dedicated users, rather than exploited by individuals who create multiple fake accounts to reap excessive rewards.Details of self-reporting planTo address the issues arising from Sybil activities, LayerZero Labs is providing incentives for users engaging in these practices to participate voluntarily. As announced in X’s May 3 post, users who acknowledge their…
A cryptocurrency strategist who follows closely believes that one Ethereum (ETH) rival is poised to witness a steep rally. Trader Ali Martinez says 61,400 followers on social media platform X say he is bullish on Cardano (ADA). According to the analyst, ADA “looks poised for a parabolic rally” after losing about 50% of its value over the past month. Martinez points out that in 2020, Cardano saw a correction of more than 50% before embarking on a vertical upswing. “In 2019, Cardano consolidated within a parallel channel, signaling the end of a bear market. Following the stagnation phase, ADA broke…
Bitfinex CTO Paolo Ardoino dismissed claims that Bitfinex had been breached as “pure FUD (fear, uncertainty and doubt).” According to a report by Shinoji Research, ransomware group Fsociety may have access to all know-your-customer (KYC) documents from Bitfinex since its founding. Security researchers say these claims (…)
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. The momentum of artificial intelligence appears to be unstoppable, and numerous studies have been conducted on its potential impact on jobs. There have been doomsday scenarios where AI would cause millions of white-collar workers to lose their jobs and entire industries to collapse. But as Charles Darwin said, it is not intelligence that determines survival. Being able to adapt and adapt to change. The impact of this technology in the creative economy, with an estimated value…
In fact, synthetic dollars can be more costly than “real” dollars because they need to be over-capitalized in collateral to avoid the risk of losing their linkage to the U.S. dollar. Despite these risks, a significant number of blockchain-based digital assets have been pegged to the US dollar. MakerDAO’s dai is probably the most successful of these. But today its support includes some US dollar assets. However, there are other assets that are pegged solely to cryptocurrencies and other digital assets that are not linked to the dollar.
BounceBit mainnet launch date is May 13th. bounce beat, a notable player in the cryptocurrency space, has officially announced its highly anticipated mainnet launch schedule. This move will revolutionize the way users interact with the platform by improving security, asset safety, and user profitability. The mainnet is scheduled to be released on May 13, 2024, following a carefully planned phased rollout. Premium yield generation has been paused. Premium yield generation functionality will be paused from May 6 until mainnet launch. During this period, users will not be able to stake new assets. However, existing staked…
Without a doubt, the cryptocurrency market has continued its roller coaster ride through May, but amidst all the volatility, there is one coin that has vividly emerged as a frontrunner. This is Bitgert. This phenomenon can be called diaphragm. bigutcoin The craze is causing ripples in the market, leaving many people, including seasoned investors, in awe. Bitgert is positioning itself as a next-generation altcoin thanks to its commitment to the development and advancement of general decentralized finance platforms. If you think about it, have you ever wondered why investors tend to invest in certain coins that are performing well in…