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Andy on SOL (ANDY): Let's Rock The Crypto World With Its Meme Magic

What Is Andy on SOL (ANDY)? Andy on Sol (ANDY) is not your average meme coin; it's a vibrant, high-speed journey through the wild west of the cryptocurrency world, all while riding on the back of the speedy Solana blockchain. Imagine a universe where digital finance meets uproarious laughter, and you've got the essence of ANDY. This memecoin isn't just about making a quick buck; it's about embracing the chaos and camaraderie of the crypto community with a wide grin. How Does Andy on SOL (ANDY) Work? ANDY's not just a pretty face; it's got the brains to match, thanks to the Solana runway it struts on. This choice of blockchain is no accident — it's like choosing a Ferrari over a Ford for the crypto race, ensuring that ANDY zips through transactions faster than you can say "To the moon!". At the heart of ANDY's appeal is its community, which is a motley crew of dreamers, daredevils, and digital desperados, all united by the love of a good laugh and the allure of the almighty crypto. They're the ones drawn together by a shared appetite for risk, reward, and rib-tickling memes. This community isn't just about riding the crypto wave; it's about creating a wave of its own, with charitable acts, social media shenanigans, and a collective pursuit of prosperity. The strength and vibrancy of this gang underscore the coin's potential to not just survive but thrive in the tumultuous crypto seas. ANDY Goes Live on Bitget ANDY is listed on Bitget in the Meme Zone. How to Trade ANDY on Bitget Step 1: Go to ANDY spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Trade ANDY on Bitget now! How to Join ANDY Promotion on Bitget ANDY has two promotional events that allow participants to get FREE ANDY TOKENS! Details are provided below: Event 1: Deposit rebate From April 02, 2024 at 11:00 AM (UTC) to April 09, 2024 at 11:00 AM (UTC), anyone who deposits at least $50 in ANDY will receive a 10% rebate from a prize pool of 540,000 ANDY. Each user can get up to 3,000 ANDY while supplies last, so don't miss out! Event 2: ANDY Giveaway on X To join this event, simply follow Bitget's official X account and Andy on SOL's official X account, repost this tweet with the hashtag #ANDYListBitget and tag your friends. When you're done, don't forget to fill out the form here. The ANDY giveaway will end on April 07, 2024 at 4:00 PM (UTC) and 35 randomly selected participants will receive $50 in ANDY. Hurry up! Take part in the ANDY promotion today! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Crypto is the Future and Paxos is Charting the Course for its Mainstream Adoption

Crypto is the future. Until recently, uttering that publicly or to a client at the large banks would result in someone being fired. Even so, I can tell you firsthand there are many people who work inside the traditional financial system – people who lived through or cleaned up the messes from 2008 – also believe crypto is the future. So do I. That’s why I am at Paxos. I’ve spent my career in financial services. I’ve worked in reinsurance, at large investment banks as a trader and in asset management. In particular, I spent nearly a decade in the Stable Value world, which is the conservative option most 401k’s rely upon to slowly, methodically increase your holdings, even through 2008’s turbulence. Beneath that boring facade is an exceptionally complicated process involving large bond portfolios, derivatives and financial guarantees. It also includes managing counterparty credit risk, which was rocked in 2008. Through those experiences, I learned three key things that impact the future development of the crypto ecosystem: Understanding the landscape matters. In 2008, the market learned just how interconnected it had become after high-profile failures. What happened in one market had ripple effects in other corners, like derivatives. This interconnectivity can be problematic for developing ecosystems if you don’t know how the entire market is structured, and how much exposure each member of that ecosystem has taken on. The promises of stability come cheap, but delivering that assurance is expensive. Prime funds? Asset-Backed Commercial Paper? Stable Value? Bank deposits? All of these instruments have varying degrees of turbulence due to fundamental issues, a crisis of confidence, or both. As stablecoins and the regulation around them mature, it’s crucial to ask critical questions of issuers promising stability, and to apply the lessons already learned in 2008 to these new structures. Short-term opportunities for yield or to make a quick buck are splashy, but they’re not built for the long haul or a market crisis. JP Morgan was not the market-leading investment bank prior to the financial crisis. Afterwards? It stood alone as a titan where most others either died or had near-death experiences. Building in a future-proof way, durable across all the possible outcomes, matters for long-term survival in a way that most only discover too late. Digital asset providers need to think long-term. Important lessons learned from 2008 can and should be applied to digital assets today. That’s how we’ll ensure the open, digital economy is built to withstand tests of volatility, uncertainty, complexity and ambiguity. Transparency into the entire system is needed so we can more critically evaluate promises of stability. That’s how a well-designed, inclusive digital asset ecosystem built to withstand shocks will emerge and flourish. In short, crypto really is the future. And the most killer application of blockchain yet is the stablecoin. Going forward, Rich Teo (Paxos Co-Founder and CEO Asia) and I are going to cover a number of topics with regard to this key financial innovation, namely: Properties of an ideal stablecoin; How stablecoins can improve the life of everyday consumers; How stablecoins can be a part of fixing the biggest systemic problems in traditional finance; Where crypto companies, financial firms, and regulators need to go in order to achieve this (and where we are failing now); Paxos’ future plans for stablecoins; and Why this all matters. Stay tuned, I hope you enjoy the ride. PAX Gold (PAXG) is Paxos token pegged to gold. Buy and trade PAXG at Bitget now! （By Austin Campbell） This article was first published on Paxos.com on May 9, 2022 and has been edited for the Bitget audience.

Top 5 Most Common Oracle Applications in Blockchain

Oracles connect blockchain to the real world and enhance the interoperability of blockchains. The use case of oracles in blockchain is endless, but let's take a look at the top 5 most common ones. Decentralized Finance (DeFi) DeFi is probably where oracle is first applied and most widely used. Oracles will feed financial data such as market price and other properties of digital assets. In normal situations, we only think that financial data would let us know the correct asset price and help us trade in an efficient way. Yet, the use case of oracle in DeFi is much more diverse. Some people with bad intentions may want to target DeFi to make a quick buck because transactions in this realm cannot be traced to any entity. There are many instances where such folks exploit the pricing abnormalities of one or a few protocols to arbitrage and take profits, impacting the asse t prices, protocols, and other investors negatively. A good oracle can step in when smart contracts detect any price irregularities, call on price feeds from various sources, and adjust the asset price accordingly. Another use case of oracle in DeFi is to combine liquidity from various protocols and ensure the same asset price across all chains so that lending protocol can offer better liquidity for users and liquidate overleveraged positions when price changes. Celsius, another lending protocol, found themselves in need of a secure, decentralized, and automated way to audit reserves that back their wrapped tokens. Thus, they incorporate Chainlink, the most popular blockchain oracle, to automatically conduct real-time audits. Non-Fungible Tokens (NFT) You may ask why NFT needs to have oracles. They are non-fungible (aka each unit is non-exchangeable as equals), so there is no need for a price feed to maintain the correct asset price. Well, that's not true. NFTs, oftentimes, are not as frequently traded as other tokens, so it is more difficult to track price data, especially if it has been moved from one chain to another. As changing the chain of an NFT is not very common yet, more popular oracle use cases in NFT are very different from that in DeFi. The most widely adopted application of oracle in blockchain is probably the provable random NFT creation and distribution. In terms of NFT creation, oracle can randomly assign different metrics and attributions to each newly minted NFT. This makes sure that any NFT created is indeed rare and one-of-a-kind. Other than price data, oracle can also provide information about the creator of an NFT asset or its transaction history. GameFi / Play-to-Earn (P2E) GameFi, also known as Play-to-Earn (P2E), is basically the combination of game, NFT, and DeFi, so oracle is a must-have if you want any GameFi to operate securely and properly. Likewise, oracle use case in GameFi is the combination of both DeFi and NFT. However, in the case of GameFi, true randomness, which guarantees fairness in the game, is perhaps more important than other use cases of oracle. Therefore, oracle helps GameFi do the following things in a provably unbiased and random manner: (1) generate and attribute characteristics to an item or a game character (2) distribute game items and characters to users (3) choose winner(s) in a raffle Prediction Market and Betting Prediction market is where predictions are traded based on real-world events, and the market price indicates the expectation of the public on a certain topic. The majority of the prediction market at the moment are centralized and limited in the sources that create prediction scenarios. This does not only limit the quality of the market, but also limit who can join the market. Usually, whales and regulators act as gatekeepers, getting to decide who can participate, what they can do, and what fees participants are charged (often ridiculous layers of fees). Blockchain and oracle can revolutionize the prediction market and empower everyone to trade whatever, whenever, wherever they want with minimal fees. In this market, oracle plays the crucial role of providing real-world information in a decentralized manner, enabling users to freely take part in a peer-to-peer, trustless, yet unbiased environment. Betting and prediction games, a special type of P2E, require a lot of activities from oracles. Especially, if the game bets on the outcomes of real-world events like the prediction market, such as the result of a football match or the number of votes from an election, then oracle is required to provide such results to the blockchain game. Before blockchain and oracle, it was almost impossible to have a trustless and fair prediction or betting game. Now, thanks to these technologies, the dream of an unbiased bet is coming true. Insurance Insurance is one of the fields that benefit greatly from blockchain technology. Because of its unique way of storing and retrieving data, insurance data is secure, immutable, and traceable. As insurance cannot be assessed and paid without proper real-world data, oracle is imperative. Oracle is used to feed information such as accident, flight delay, weather data, etc. to help the insurance blockchain protocol validate insurance claims. Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only. Follow Bitget Academy for more insights! Twitter | Telegram | LinkedIn | Facebook | Instagram