DeFi

Here’s who’s eligible for ZKsync’s token airdrop – DL News

Published

8 months ago

11 June, 2024

CoinFlix Staff

Here’s who’s eligible for ZKsync’s token airdrop – DL News

A version of this article appeared in our Decentralized newsletter of June 11. Register here.

general manager, Tim here.

Here’s what caught my attention about DeFi recently:

ZKsync’s token will go live next week.
Project Railgun co-founder talks with federal government.
A DL News The journalist shares his hacking story.

Launch of the ZKsync token

The long-awaited launch of the ZKsync token is imminent.

In a Tuesday blog postZK Nation has released details on how it will allocate 21 billion ZK tokens on June 17.

17.5% of the supply will be distributed via an airdrop, with an additional 49.5% going to the ZKsync community.

Alex Gluchowski, co-founder and CEO of Matter Labs, the company behind ZKsync, highlighted the usefulness of the ZK token in a context interview with DL News.

“It’s not a financial issue,” he said. “It’s really a guarantee of governance.”

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Users who have transacted on the ZKsync Lite and ZKsync Era networks will be eligible for the airdrop.

Actions such as holding ZKsync NFTs, ZKsync native tokens, and using popular DeFi applications from the Ethereum mainnet will increase the number of tokens users will receive.

ZK Nation is a newly created organization with the aim of governing and developing the ZKsync protocol.

ZK token holders will be able to propose and vote about the initiatives that govern ZKsync.

“The community will also have the power to use it as a payment method,” Gluchowski said, adding that members of the ZKsync community could vote to add additional features to the token.

However, token holders will not have full control.

Two other factions, called ZKsync Guardians and ZKsync Security Council, will also have the power to veto proposals and approve emergency actions.

Interview with the Railgun Project

Alan Scott, co-founder of the Railgun Project, spoke with DL News to talk about raising awareness about what Railgun contributors are doing to stop bad actors.

The Railgun protocol has a feature called Proof of Innocence that allows honest users to prove that the money they invested in the protocol did not come from stolen funds or illicit activities.

Currently, Proof of Innocence only reports crypto addresses that the Office of Foreign Assets Control has placed on its sanctions list, but Scott said Railgun contributors wanted to change that.

Contributors are working on a secure way to allow law enforcement and crypto security experts to update the list of bad actors in real time, even if the addresses are not yet on the official list. OFAC.

A $45,000 mistake

DL NewsOsato Avan-Nomayo recounts the painful theft of $45,000 after a hacker infected his computer with malware.

Osato recounted how he promised to help a young relative download a video game.

But when the parent got impatient and tried to do it themselves, they downloaded a version of the game that contained malware.

The malware likely installed a keylogger – a program that records keystrokes – and exposed its wallet details, allowing the hacker to siphon crypto.

Osato publicly revealed the hack, not only to warn other potential victims, but also to highlight the need for better safeguards.

If the goal is widespread adoption of crypto, Osato says, then safely storing digital assets must become simpler, especially for those who prefer self-custody.

Data of the week

May was the worst month for crypto hacks since November 2022.

THE $305 million hack suffered by Japanese crypto exchange DMM Bitcoin made up the majority of losses.

Crypto companies and DeFi protocols suffered $372 million in losses from hacks and exploits in May. (ChallengeLlama)

This week in DeFi governance

VOTE: Arbitrum DAO votes on the pilot phase of the Ventures initiative

PROPOSAL: Aave DAO discusses Lido-focused Aave v3 instance

VOTE: Compound to Launch USDT Market on Optimism

Article of the week

A recent interview where Australian rapper Iggy Azalea expresses skepticism about where Ethereum gas fees are going has spawned a new meme – and Crypto Twitter is putting it to good use.

What we watch

DeFi protocol UwU Lend was mined for $19.4 million on Monday using a flash loan.

Do you have a tip on DeFi? Contact us at tim@dlnews.com.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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