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Crypto Cloud Mining Explained: Mine Bitcoin Without Owning a Rig

You don't need blinking rigs, tangled wires, or a freezer-cooled garage to mine crypto anymore. The pickaxes of the digital gold rush have moved to the cloud—quiet, remote, and rented by the gigahash. Crypto cloud mining flips the script: instead of building the mine, you lease the machinery and let it dig on your behalf. This guide dives deep into how crypto cloud mining works, why people are turning to it, and how you can start mining Bitcoin without touching a single circuit board. What Is Cloud Mining? Cloud mining lets you tap into powerful cryptocurrency mining operations without owning or managing any of the hardware yourself. Instead of setting up noisy machines or worrying about electricity bills, you simply rent mining power from a company that runs massive data centres filled with specialised equipment. These providers handle everything behind the scenes, from setup, cooling, maintenance, to energy costs. All you do is purchase a plan (known as a mining contract) and start earning a share of the crypto mined by the machines you're leasing. It's a bit like joining a harvest where someone else plants, waters, and tends the crops, and you get a cut of what they grow. Many cryptocurrency apps now offer cryptocurrency cloud mining directly within their platforms. That means no extra logins or new websites. Just open your app, choose a mining plan, and pay from your wallet. This option is super convenient, easy to understand, and great for beginners. The appeal is obvious: no bulky gear, no overheating rooms, and no technical hurdles. Everything from dust to downtime is handled by the provider. Starting is also relatively cheap. Most contracts cost under $100, making it far more accessible than building your own mining rig. Some providers even use clean energy like solar, hydro, or geothermal, which is great if you're thinking green. How Does Crypto Cloud Mining Work? Let's break this down, step by step: Step 1: You Buy a Contract You sign up with a cloud mining provider and choose a plan. This includes the cryptocurrency you want to mine (usually Bitcoin), the amount of mining power (called hash power), and the contract length (like 30 days, 6 months, or even open-ended). Hash Power is equal horsepower for mining. More hash power means your rented "muscle" can do more work, and you earn more. Source: HashBeat Step 2: Mining Happens Behind the Scenes The provider connects your rented power to their mining machines, which run 24/7 solving complex puzzles that help operate the blockchain network. ASIC miners are among the most commonly used for mining. They are super-charged computers built only for mining crypto, not your average PC. These machines are made to do one job: earn crypto fast and efficiently. Don't worry about the math or the machines. Your job is done after buying the contract. The provider handles everything else. Step 3: You Get Paid You receive daily or weekly payouts based on how much mining power you bought and how well the mining is going. Your earnings depend on things like crypto prices, mining difficulty (how tough the puzzles are), and provider fees for electricity and maintenance. Real Risks of BTC Cloud Mining BTC cloud mining isn't risk-free. Some sites are outright scams. If it sounds too good to be true, it probably is. Other providers have hidden fees for electricity or maintenance that aren't clear upfront. Crypto prices are unpredictable, and mining difficulty changes over time, so profits aren't guaranteed. You also give up control. You won't choose the machines, software, or location. And if the contract is locked, you might not be able to exit early if things go south. You will now ask: How to choose a good cloud mining provider? Look for clear terms. Fees, duration, and expected returns should be easy to understand. Check reviews and see how long the company has been operating. Good providers show live mining stats and offer responsive support. Look for details about the mining hardware, energy sources, and payout history. Avoid platforms that promise guaranteed profits. There's no such thing in crypto. Is Bitcoin Cloud Mining Still Worth It? That depends on your goals. Bitcoin cloud mining won't make you rich overnight, but it can be a good way to learn about mining or earn small, steady rewards. Also remember that profitability depends on many things: Bitcoin's market price, mining difficulty, contract fees, and how long your contract lasts. Try using a mining calculator to get a rough estimate before you commit. See a general comparison between cloud mining vs traditional mining below: Feature Cloud Mining Traditional Mining Setup Cost Low High (buying hardware) Tech Skills None Advanced Maintenance Handled by provide You do it all Control Low Full control Risk With provider With your equipment Flexibility Easy to start/stop Time-consuming to manage Cryptocurrency cloud mining is great if you want to earn crypto without getting technical. It's useful for investors looking to diversify, people in countries with high energy costs, or anyone who wants to learn about mining without building a rig. If you want full control or are chasing big profits fast, this might not be the right path. Final Thoughts: Is Cloud Mining Right for You? Cloud mining cryptocurrency makes crypto mining simple, affordable, and available to everyone. You don't need to be tech-savvy. You don't need a garage full of machines. You just need a small budget and a curious mindset. Yes, there are risks. No, it won't make you rich overnight. But if you do your research, choose a trustworthy provider, and understand what you're getting into, crypto cloud mining can be a rewarding way to explore crypto and earn digital assets along the way. In short: cloud mining is mining made easy.

Pump.fun (PUMP): The Ultimate Platform for Creating and Trading Meme Coins on Solana

The rise of meme coins like Dogecoin and Shiba Inu has transformed the cryptocurrency world, showing that humor and community can drive incredible financial success. However, launching a successful meme coin has traditionally been a complex process, often requiring technical expertise and significant resources. Enter Pump.fun (PUMP) — a Solana-based platform designed to make meme coin creation accessible, fast, and fun for everyone, whether you're a seasoned crypto enthusiast or a complete beginner. The Problem: Complexity in Meme Coin Creation Before Pump.fun, creating a cryptocurrency required coding knowledge, financial resources for liquidity, and navigating the often-confusing world of decentralized finance (DeFi). The barrier to entry was high, limiting participation to a small group of tech-savvy individuals and larger projects. As meme coins gained popularity, many potential creators were left behind, unable to capitalize on the viral nature of these assets due to technical and financial obstacles. Additionally, the explosion of meme coins has led to market saturation, where many tokens fail to differentiate themselves, and scams like rug pulls have harmed trust in the space. Pump.fun was launched to address these challenges, creating a user-friendly platform where anyone can launch their own meme coin in minutes without technical expertise or large upfront costs. What Is Pump.fun (PUMP)? Pump.fun is a Solana-based platform that allows users to create and trade their own meme coins. Launched in January 2024, Pump.fun democratizes meme coin creation by simplifying the process and offering tools that make it easy for anyone to bring their meme-based asset ideas to life. Whether it's a meme coin inspired by a viral trend, a joke with friends, or a pop culture reference, Pump.fun allows users to launch their tokens in just a few clicks. The platform has gained immense popularity due to its simplicity, speed, and the unique bonding curve model it uses to manage token prices dynamically. Additionally, it eliminates the need for large liquidity pools, making it accessible to users without deep pockets or extensive technical backgrounds. Top meme coins on Pump.fun include Billy (BILLY), Mother Iggy (MOTHER), Shark Cat (SC), and more. How Pump.fun Works Using Pump.fun is simple and efficient, with a few key steps involved in creating and trading meme coins: 1. Connect Your Wallet: Users begin by connecting a Solana-compatible wallet to the Pump.fun platform. This wallet is used to interact with the platform, create tokens, and trade existing meme coins. 2. Create a Meme coin: The token creation process on Pump.fun requires minimal input. Users can define their token by choosing a name, ticker symbol, and image for their token. For a small fee (0.02 SOL), the token is minted and added to the Pump.fun marketplace, instantly making it available for trading. 3. Bonding Curve Pricing Model: Pump.fun uses a bonding curve mechanism to adjust token prices based on supply and demand. As more users buy a token, the price increases along a predefined curve, rewarding early buyers and ensuring price stability. Once a token’s market cap reaches $69,000, it is automatically migrated to Raydium, a leading decentralized exchange on Solana, where it gains even greater visibility and liquidity. 4. Trading Meme coins: Meme coins on Pump.fun can be traded within the platform, where users buy and sell based on the bonding curve model. Tokens that reach $69,000 in market cap gain added liquidity on Raydium, opening up further trading opportunities. The King of the Hill (KOTH) feature highlights high-performing tokens, attracting new buyers and potentially increasing token value. How to Make a Coin on Pump.fun Are you interested in learning how to make a coin on Pump.fun? The platform simplifies the process, allowing anyone, even those without any coding experience, to create and launch their own meme coin on the Solana blockchain. Creating your own meme coin on Pump.fun is straightforward and can be accomplished in a few simple steps: 1. Set Up a Solana-Compatible Wallet: Before you begin, ensure you have a Solana-compatible wallet such as Bitget Wallet. These wallets will allow you to interact with the Pump.fun platform. 2. Fund Your Wallet with SOL: Acquire some SOL tokens to cover the creation fee and any subsequent transactions. The token creation fee on Pump.fun is approximately 0.02 SOL. 3. Connect Your Wallet to Pump.fun: Navigate to the Pump.fun website and connect your Solana wallet by clicking on the "Connect Wallet" button. 4. Initiate the Token Creation Process: Click on the "Create Token" option on the platform. You'll be prompted to enter the following details: ● Token Name: Choose a unique and catchy name for your meme coin. ● Ticker Symbol: Select a short, memorable ticker symbol (e.g., "FUNFUN"). ● Token Image: Upload an image or logo that represents your meme coin. 5. Review and Confirm: Double-check all the information you've entered to ensure accuracy. Once satisfied, proceed to pay the creation fee of 0.02 SOL. ● Token Deployment: After confirming the payment, Pump.fun will handle the technical aspects of deploying your token on the Solana blockchain. Your meme coin will be minted and immediately available for trading on the Pump.fun marketplace. By following these steps on how to make a coin on Pump.fun, you can launch your own meme coin and participate in the vibrant ecosystem of community-driven tokens. PUMP Token Airdrop: What You Need to Know The PUMP token is the native cryptocurrency of the Pump.fun platform, designed to support the creation and trading of meme coins within its rapidly growing ecosystem. Serving as a utility token, PUMP is expected to be used for governance, covering transaction fees, and incentivizing creators and traders on the platform. With Pump.fun facilitating over 2.5 million tokens on the Solana blockchain since its launch in January 2024, the introduction of the PUMP token further enhances user participation and value creation. One of the most highly anticipated developments around the PUMP token is the upcoming airdrop, first teased by co-founder Sapijiju in October 2024. This airdrop is expected to be "more lucrative" than others in the crypto space, signaling a potentially significant reward for existing users. Although no specific date has been announced, the airdrop will likely benefit users who have actively engaged with the platform by creating or trading meme coins. To stay updated on the airdrop and ensure eligibility, users should: ● Engage with the Platform: Actively create and trade meme coins on Pump.fun to increase your chances of qualifying for the airdrop. ● Follow Official Channels: Regularly check Pump.fun's official social media accounts and website for announcements regarding the airdrop. ● Secure Your Wallet: Ensure that your Solana wallet is secure and that you have access to the private keys, as the airdropped tokens will be distributed to eligible wallets. Is Pump.fun Safe? Safety is an important consideration for users of Pump.fun, especially given the volatility and risks inherent in the meme coin market. Pump.fun has implemented several features to enhance security and ensure a fair token creation process. Its fair launch mechanism, which eliminates presales and team allocations, helps reduce the risk of insider trading and rug pulls. Additionally, the platform’s bonding curve model adjusts token prices based on supply and demand, helping prevent price manipulation and fostering a transparent market environment. The absence of liquidity requirements further protects users from common crypto scams like liquidity removal. However, despite these safeguards, users should remain cautious. Meme coins are notoriously volatile, driven by community hype and trends that can cause sharp price swings. While Pump.fun has made significant efforts to improve platform security—especially following a $2 million exploit in May 2024—the decentralized nature of the platform means risks like rug pulls and scams are still possible. To minimize risks, users should conduct thorough research, use secure Solana-compatible wallets, and stay updated on platform developments to ensure a safer experience. Conclusion With Pump.fun, the world of meme coins has become more accessible than ever. By removing financial and technical barriers, the platform enables anyone to create, launch, and trade tokens with ease. Its integration with the Solana blockchain ensures fast, affordable transactions, making it ideal for both newcomers and experienced users. As Pump.fun continues to grow and drive the meme coin revolution, it offers exciting opportunities for creativity and community-driven success. However, as with any crypto investment, investors should remain cautious, conduct research, and engage responsibly to fully enjoy the platform’s potential. 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 guidance. Qualified professionals should be consulted prior to making financial decisions.

Pi Network Price Prediction 2025-2030: Will PI Reach $1,000?

Pi Network has been making waves in the crypto space, promising a new way to mine cryptocurrency—right from your phone. Unlike Bitcoin, which requires expensive hardware and consumes massive amounts of electricity, Pi Network claims to offer a greener, more accessible alternative. With over 60 million users and a growing community, what’s next for Pi Network? As Pi Network’s listing date approaches on February 20, 2025, speculation is growing around Pi Network price prediction. In this article, we’ll take a closer look at what Pi Network is, how it works, expert price predictions for 2025 and beyond, and where you can buy or sell Pi Coin. What Is Pi Network (PI)? Pi Network is a cryptocurrency project that started in 2019 with the goal of making crypto mining accessible to everyday people. Unlike Bitcoin, which requires energy-intensive mining hardware, Pi allows users to mine coins directly from their smartphones with minimal power consumption. The project operates on its own blockchain and utilizes a trust-based system to validate transactions. Instead of traditional mining, users join “security circles” where they verify each other’s legitimacy to prevent fraud. This approach is meant to create a decentralized network without the need for massive computational power. Pi Network has gone through several phases of development: Beta Phase (2019-2021): Users could mine Pi, but external transactions were restricted. Testnet Phase (2021-2023): Developers tested blockchain functionality in a closed ecosystem. Mainnet Phase (2023-February 20, 2025): Users can migrate their mined PI to the blockchain, but trading is still restricted. Open Network Launch (February 20, 2025): External transactions will be enabled, allowing Pi to be listed on cryptocurrency exchanges. Pi Network was founded by two Stanford PhDs, Nicolas Kokkalis and Chengdiao Fan, who both have backgrounds in computer science and social computing. Their vision is to build a peer-to-peer economy powered by a cryptocurrency that anyone—not just tech-savvy investors—can use. How Pi Network Works 1. Mobile Mining Unlike Bitcoin, which requires heavy-duty mining equipment, Pi Network allows users to mine coins by simply opening the app once a day. This process doesn’t drain battery life or require a constant internet connection. 2. Security and Consensus Mechanism Pi Network is built on the Stellar Consensus Protocol (SCP), which relies on a trust-based verification system. Instead of solving complex mathematical problems, users form security circles where they confirm that other members are real people. This helps prevent fraud and ensures that the network remains decentralized. 3. KYC Verification To migrate mined Pi tokens to the main blockchain, users must complete a Know Your Customer (KYC) process. This process confirms that each account belongs to a real person, preventing bots from gaming the system. Pi Network Price Prediction: What’s Next After the Mainnet Launch? The long-awaited Pi Network mainnet launch date is confirmed for February 20, 2025, and naturally, there’s a lot of speculation around Pi Network price predictions for 2025, 2026, 2027, 2028, 2029, 2030, and more. With millions of users mining Pi for years, the big question remains: What will Pi be worth once it finally becomes tradable? Below is an analysis of short-term, mid-term, and long-term Pi Network price forecasts based on market trends and adoption potential. Pi Network Price Prediction 2025-2030 1. Short-Term Price Prediction (Q1–Q2 2025) Once the mainnet goes live and Pi gets listed, the price could initially spike due to: Early demand and FOMO (fear of missing out) Speculative trading as investors rush to buy Pi More liquidity and availability on big exchanges Some analysts expect Pi Coin to trade between $100 and $150 in the first few weeks. However, many long-time miners may start selling, which could lead to a price correction. If too many people cash out at once, Pi’s value could drop to around $50–$80 in the months following launch. 2. Mid-Term Price Prediction (Q3–Q4 2025) By the second half of 2025, Pi’s real utility will determine its price. If businesses accept Pi for payments, and if the Pi ecosystem—such as Pi’s own marketplace and dApps—gains traction, then Pi Network’s price could stabilize above $150 or even climb towards $250. However, challenges remain: KYC delays are frustrating users, and without proper verification, many may be unable to trade. Pi’s transition from a closed to an open network could face technical or regulatory hurdles. If Pi is seen only as a speculative asset with no real use, prices could drop. 3. Long-Term Price Prediction (2026–2030) The long-term Pi Network price prediction depends on mass adoption, strategic partnerships, and its integration into the blockchain economy. Bullish Case: If Pi Network gains mass adoption and is widely used for transactions, DeFi, and e-commerce, it could reach $500–$1,000+ by 2030. This would require strong partnerships, real-world integration, and steady growth. Bearish Case: If Pi struggles to find real use beyond early hype, its price may remain between $50–$200, similar to other altcoins with limited adoption. With Pi Network’s mainnet launch scheduled for February 20, 2025, the market will soon determine its true value. While early trading may see volatility, the long-term Pi Network price will depend on adoption and exchange activity. As more Pi Network news develops, investors will closely watch Pi Network to USD trends to assess its potential in the crypto space. For investors interested in Pi Network price predictions, you can check out the latest Pi Network (PI) Price Prediction on Bitget here How to Sell Pi Coin Network (PI) PI is the native cryptocurrency of the Pi Network, designed for transactions, smart contracts, and decentralized applications (DApps) within its ecosystem. The total supply is 100 billion PI, with 80% allocated to the community through mining rewards and 20% reserved for the Pi Core Team for development. How to Buy Pi Network on Bitget We are thrilled to announce that Pi Network (PI) will be listed in the Innovation, Web3 and Public Chain Zone. Check out the details below: Deposit Available: TBD Trading Available: 20 February 2025, 08:00 (UTC) Withdrawal Available: 21 February 2025, 09:00 (UTC) Spot Trading Link: PI/USDT Users can also buy PI with 0% fees using credit/debit cards in over 140+ currencies, including EUR, GBP, AUD, BRL, and more, for a limited time. How to Sell PI Coin (PI) Selling Pi Coin on Bitget is quick and easy. Pi Network (PI) will be listed for trading on 20 February 2025. Follow these steps: Register a Bitget account – Sign up, complete identity verification, and enable trading and withdrawals. Transfer PI to Bitget – Once on-chain deposits are enabled, send your PI tokens from the Pi Network wallet to your Bitget deposit address. Place a sell order – Navigate to the PI/USDT trading pair, enter the amount to sell, and confirm the transaction. Get ready to trade PI on Bitget! 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.

Bitget Dual Investment: Your Master Key To Smarter Crypto Growth With Bitget

Since crypto markets rarely sleep, why should your investments stay idle? You have at your command a strategy that doesn't just adapt to market trends but thrives in any scenario, helping you buy low, sell high, and grow your portfolio effortlessly. Enter Bitget Dual Investment, a revolutionary way to maximise your earnings while staying in control of your assets. Subscribe to Bitget Dual Investment! The Investment Revolution You've Been Waiting For Gone are the days of staring at charts and hoping for the perfect price. With Bitget Dual Investment, you step into the driver's seat and craft strategies that work for you, no matter if the market dances in your favour or drifts in unexpected directions. Your Strategy, Your Success Buy Low: Want more BTC for your money? Put your USDT to work. ● Strike price below market: If BTC drops to your chosen price, you bag BTC at a bargain, plus interest earned in BTC. ● Strike price unmet: You keep your USDT, with additional interest—no regrets. Sell High: Ready to sell your BTC for a premium? Turn opportunity into gains. ● Strike price achieved: Your BTC is sold at your preferred price, delivering USDT and interest. ● Strike price unmet: Your BTC stays with you, along with interest earned in BTC. It’s a win-win every time, and your portfolio grows regardless of market moves. What Makes Bitget Dual Investment Stand Out? ● Amplify profits without extra effort: With APRs soaring as high as 302.45%, Bitget Dual Investment offers an unmatched return potential compared to traditional strategies. Why settle for average when you can earn spectacularly? ● Flexibility for every trader: Whether you're dipping your toes or diving deep, durations from 6 hours to 295 days cater to every investor's style. Short-term agility or long-term stability? You decide. ● Always in action, never stagnant: Your assets work round the clock to generate interest no matter where the market lands. It’s the antidote to sitting idle in uncertainty. ● VIP perks for ultimate convenience: Exclusive daily settlements for VIPs unlock liquidity faster for reinvestments or cashing out whenever you need. Bitget Dual Investment vs Other Bitget Earn Bitget Dual Investment redefines possibilities: Bitget Dual Investment offers a distinct approach within our suite of innovative products: While Bitget Shark Fin focuses on predictable and stable returns with a principal guarantee, and Bitget Smart Trend caters to trend-savvy investors seeking variable rewards, Bitget Dual Investment enables you to make attractive interest on your assets regardless of market direction. Each product serves unique investor needs, but Bitget Dual Investment shines as a versatile choice for those looking to optimise returns in dynamic market conditions. How to Start Then? Your Guide To Crypto Mastery With Bitget Dual Investment Investing in Dual Investment is as simple as setting a goal: Step 1: Head to the Dual Investment page. Step 2: Pick your asset: Select the asset of your interest. Choose the direction duration of your investment: ● Looking to sell your crypto at a higher price? Choose Sell High. ● Prefer adding this asset to your portfolio instead? Go for Buy Low. ● Choose the preferred investment period starting from one day (1D). ● Select the suitable strike price. Tips: For Sell High, target a price higher than BTC's current market value, and for Buy Low, aim for a price lower than BTC's current value. Step 3: Subscribe: ● Once you've found the right investment, click on [Subscribe]. ● You'll be shown a pop-up window with the subscription overview (including timeline, visualisations of investment scenarios, and other key information about your investment). ● Enter your preferred subscription amount. Please note that the minimum subscription amount is 0.001 BTC and the maximum individual balance is 110 BTC. You can add more BTC by clicking on the button as shown. ● You can turn on Auto-renewal if you want to. Auto-renewal automatically reinvests your principal into a new Bitget Dual Investment product with the closest APR for a duration of up to 7 days upon settlement. It will be cancelled if the option is exercised and the asset is converted. ● After reviewing your subscription, acknowledge the Bitget Dual Investment User Agreement and click [Confirm]. ● Your work is done! At settlement (if you don't use Auto-renewal), Bitget converts your assets and delivers the agreed interest, ensuring you win, no matter what. Note: Dual investment subscriptions will remain locked for the entire investment period and users cannot unlock their assets before the settlement date. Beginner mode: If you want to simplify everything, all you have to do is turn on the [Beginner mode]. Pay attention to the marked areas. ● First, you have to choose the direction of your investment. A one-sentence summary will be provided for each scenario. You can use the real-time BTC market price for reference. ● If you want to, you can [Modify parameters], i.e. choosing a different subscription with regards to the Strike price, the Settlement date, and the Reference APR. This step is optional. ● Then enter your subscription amount of choice. Please note that the minimum subscription amount is 0.001 BTC and the maximum individual balance is 110 BTC. ● Review your subscription again before clicking [Confirm order]. A Smarter, More Dynamic Future With Bitget Bitget Dual Investment is your edge in the crypto market. It's a bold strategy for those who dare to think differently and demand more from their investments. While others wait on the sidelines, you can seize every price movement, winning high returns in any case. Bitget Dual Investment is your chance to outsmart the ordinary, amplify your profits, and make every decision count. Start your journey today with Bitget Dual Investment, because your crypto deserves more.

Memecoin Supercycle: Are We in a Bubble or a Bull Run?

What is the memecoin supercycle, and why is it making waves in the crypto world? Imagine a financial trend fueled by memes, internet buzz, and millions of people rallying around digital jokes turned investments. This is the memecoin supercycle—where cryptocurrencies with no traditional value soar in popularity simply because they go viral. It’s unpredictable, exciting, and for some, incredibly profitable. But is it a revolutionary way to invest, or just another bubble waiting to burst? Let’s break down what’s behind this trend and why it has everyone talking. Register now and explore the wonderful crypto world at Bitget! What Is the Memecoin Supercycle? The memecoin supercycle is a term used to describe a period of rapid and widespread growth in meme-based cryptocurrencies. First introduced by cryptocurrency analyst Murad Mahmudov during the Token2049 conference, the concept highlights how these tokens gain popularity not from technological innovation, but from their ability to capture attention through humor, viral trends, and online communities. Unlike traditional cryptocurrencies, which often derive value from practical uses or technical advancements, memecoins rely heavily on social media buzz and cultural appeal. Their prices can skyrocket as more people join in, drawn by the excitement of being part of a trend or the hope of quick profits. This supercycle reflects a shift in how financial value can be created, blending digital culture with market dynamics. It’s a unique and unpredictable aspect of the cryptocurrency space, driven by the power of community and the influence of the internet. The Bull Run Argument: Why Memecoins Might Be Here to Stay Memecoin Market Cap Last 30 Days Source: CoinMarketCap Supporters of the memecoin supercycle argue that these tokens are more than just temporary trends—they represent a lasting shift in how financial value is created in the digital age. With the daily market capitalization of memecoins reaching an impressive $135 billion as of December 9, 2024, their influence on the cryptocurrency space is undeniable. This growth has been driven by several factors, including strong community engagement, the viral nature of internet culture, and the ability to capture public attention in ways traditional cryptocurrencies cannot. One of the most compelling reasons memecoins might be here to stay is their unique connection to community power and social media influence. Platforms like X (formerly Twitter) and Reddit have proven to be essential in spreading awareness and generating excitement around these tokens. Viral posts and memes often lead to sudden price surges, as seen with several new memecoins in 2024. This level of engagement creates a self-reinforcing cycle, where more people join in, driving prices even higher and ensuring the memecoin trend remains relevant. Additionally, memecoins often thrive during times of increased market liquidity and risk-on behavior. Analysts like Murad Mahmudov have noted that when global financial markets are optimistic, speculative assets like memecoins tend to outperform. This was evident in 2024, as memecoins captured the crypto community’s mindshare. This ability to attract and retain attention, combined with their appeal to younger, internet-savvy investors, suggests that memecoins are carving out a long-term niche in the cryptocurrency ecosystem. The Bubble Perspective: Warning Signs to Watch For While memecoins have captured the attention of the crypto world, skeptics warn that their rapid rise could be a classic financial bubble. These tokens often experience explosive growth not because of strong fundamentals but due to speculation, social media hype, and FOMO (fear of missing out). As exciting as this trend may seem, there are clear warning signs that the memecoin supercycle might not last. One major concern is the extreme volatility and oversaturation of the market. Data from 2024 shows that 97% of memecoins fail after their initial launch, leaving investors with little to no returns. The ease of creating new tokens has flooded the market with projects vying for attention, making it difficult for any single memecoin to maintain long-term value. This constant influx dilutes interest and capital, leading to a cycle where newer tokens replace older ones, often leaving investors holding worthless assets. Another red flag is the reliance on social media and celebrity endorsements to drive value. While this can create quick price spikes, it also makes memecoins highly vulnerable to shifts in public sentiment. A single negative post or loss of interest can lead to dramatic price drops. As market caps grow, sustaining momentum becomes harder, requiring even more capital and attention to keep prices rising. Lastly, regulatory scrutiny adds to the risks. Governments and financial authorities are increasingly wary of memecoins, viewing them as speculative and potentially destabilizing. Stricter regulations or outright bans could limit their growth and reduce investor confidence. These challenges, combined with the unpredictable nature of memecoins, make it clear that while the rewards can be tempting, the risks are just as significant. Investors should remain cautious and consider these warning signs before diving into the memecoin craze. Navigating the Memecoin Supercycle as an Investor 1. Do Your Research Before investing in any memecoin, take time to understand its background. Look into the team behind the project, the size and activity of its community, and its overall goals. Be wary of coins with no clear purpose or vague promises, as these are often created solely to capitalize on the hype. Memecoins that generate consistent interest and build strong communities tend to perform better than those relying on fleeting trends. 2. Manage Your Risks Invest only what you can afford to lose. The unpredictable nature of memecoins means prices can rise or fall dramatically within hours. Use tools like stop-loss orders to limit your potential losses, and consider spreading your investments across multiple assets rather than putting all your money into a single coin. Diversification can help reduce the impact of any one token performing poorly. 3. Recognize Warning Signs Keep an eye out for signs that the market may be overheating. If memecoin prices are rising too quickly without clear reasons, it could signal a bubble. Parabolic price increases, excessive media hype, and a surge in new investors jumping in for fear of missing out are often indications that a correction may be coming. Stay alert and consider taking profits when the market feels overly euphoric. 4. Stay Informed The memecoin market is heavily influenced by social media, celebrity endorsements, and internet trends. Stay updated on what’s happening online, as a single viral post or tweet can drive prices up—or down—overnight. Monitoring these trends can help you make better decisions about when to buy, sell, or hold. Conclusion: What Lies Ahead? The memecoin supercycle has redefined how value can be created in the digital age, blending humor, internet culture, and financial speculation into a unique phenomenon. While these tokens have attracted massive attention and investment, their extreme volatility and reliance on trends make them inherently risky. Whether memecoins evolve into a lasting part of the cryptocurrency ecosystem or fade as a temporary craze will depend on their ability to sustain interest and adapt to changing market conditions. For investors, the future of memecoins highlights the importance of balancing excitement with caution. While there is potential for significant gains, the risks of rapid declines and oversaturation are just as real. As digital culture and finance continue to converge, memecoins remind us of the power of community and creativity in shaping new investment opportunities—but also of the need for thoughtful decision-making in a volatile market. Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

241118: XRP Sees Record Futures Bets Amid Price Surge Above $1.20

Regulatory clarity and upcoming technical changes are spurring growth in XRP-tracked futures, with open interest zooming to record highs on Saturday as prices spiked more than 20% over 24 hours. XRP and U.S. dollar-denominated open interest are at record levels as of Sunday, with over 2 billion tokens (worth nearly $2 billion at current prices) in futures positions betting on further market volatility. Long/short data shows that traders are slightly biased toward shorts, with 51% in bets against further price increases. (While the ratio should theoretically remain 50:50 at all times as there is always a short trade for each long trade, the bias gives an insight into how savvy traders are positioning over a very short-term period, such as 24 hours). Open Interest (OI) refers to the total number of outstanding derivative contracts not settled for an asset. An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend. On the other hand, if the price rises but OI falls, the rally might be driven by short covering rather than new buying, potentially signaling a weaker trend. XRP prices zoomed above $1.20 in U.S. morning hours Saturday, taking weekly gains to over 87%, which set a three-year price high for the token. Gains in XRP started late Thursday as 18 U.S. states filed to sue the SEC and commissioners, including chairman Gary Gensler, accusing them of unconstitutional overreach of the crypto industry. The speculative optimism among traders is that a crypto-friendly Trump administration could benefit tokens linked to U.S.-based companies, such as Ripple Labs (related to XRP) and Uniswap (UNI), as the firms are more involved in boosting value for token holders as the regulatory headwinds appear to have cleared. In addition, a key fundamental development that may boost future gains in XRP is the upcoming RLUSD stablecoin by Ripple Labs, a company closely related to the issuance of XRP. Ripple plans to use RLUSD in its cross-border payments product, providing liquidity, facilitating faster and cheaper transactions, and potentially integrating with various decentralized finance (DeFi) protocols across multiple blockchains, as previously reported. Source: CoinDesk Futures Market Updates Bitcoin and Ethereum both saw stable OI yesterday at $55B and $17B, and the funding rates show an extremely bullish overall sentiment. Bitcoin Futures Updates Total BTC Open Interest: $55.09B (+1.00%) BTC Volume (24H): $57.38B (+8.14%) BTC Liquidations (24H): $24.69M (Long)/ $12.70M (Short) Long/Short Ratio: 48.92%/51.08% Funding Rate: 0.0272% Ether Futures Updates Total ETH Open Interest: $17.56B (+0.74%) ETH Volume (24H): $27.82B (-14.55%) ETH Liquidations (24H): $16.88M(Long)/ $7.21M (Short) Long/Short Ratio: 48.77%/51.23% Funding Rate: 0.0327% Top 3 OI Surges APU: $25.88 (+2,487.50%) SCRT: $4.03M(+575.33%) CSPR: $6.46M (+120.12%)

Today's Hamster Kombat Daily Cipher for August 11, 2024

Hello, Hamster Kombat fans! Get ready for an action-packed Sunday, August 11, 2024! Today's Daily Cipher challenge is here, and this time, you’ll be deciphering a tricky Morse code puzzle. Successfully cracking the code could earn you a hefty reward of 1 million coins, adding a significant boost to your in-game earnings. It’s a great opportunity to maximize your rewards, so dive into today’s challenge, and let’s make it a victorious day! Key Takeaways Daily Cipher Code for August 11, 2024: The Hamster Kombat Daily Cipher Morse code is "PUBLIC" and can earn you 1 million coins. New Airdrop Alert: Make sure you’re ready for the upcoming HMSTR token airdrop set to launch in mid-August. This is a huge opportunity to get your share of the tokens, so don’t miss out! Hamster Kombat Daily Cipher Morse Code for August 11, 2024 For August 11, 2024, the Daily Cipher code is PUBLIC ( •——• ••— —••• •—•• •• —•—•) Here’s how to input the word: P: tap hold hold tap U: tap tap hold B: hold tap tap tap L: tap hold tap tap I: tap tap C: hold tap hold tap Why Hamster Kombat Is So Popular? Hamster Kombat, a Telegram-based game launched in March 2024, has rapidly gained massive popularity, reaching over 300 million users by August 2024. The game puts players in the role of CEOs managing a virtual cryptocurrency exchange, where they earn in-game coins by completing various tasks, including tapping on cartoon hamsters and solving daily challenges like the Daily Cipher and Daily Combo. The game continuously introduces new features, such as customizable skins and achievements, keeping players engaged and excited about participating in daily challenges. The viral success of Hamster Kombat can be attributed to its strong community engagement and savvy use of social media platforms. With over 53 million members on Telegram and 34 million subscribers on YouTube, the game has leveraged these platforms to build a massive and active user base. Additionally, the game’s decision to reject venture capital investments in favor of a community-first model has resonated strongly in the Web3 space, where players are increasingly wary of projects that prioritize investors over users. The anticipation surrounding upcoming events like the Token Generation Event (TGE) and airdrop has further fueled its viral spread, keeping the community engaged and attracting new players daily​. The Hamster Kombat token is now available on the Bitget Pre-Market trading platform, allowing you to trade Hamster Futures Coin (HMSTRBG) over-the-counter (OTC). Get Hamster Futures Coin on Bitget Pre-Market now! How to Play Hamster Kombat Daily Cipher The Hamster Kombat Daily Cipher is a popular daily challenge within the game where players decipher a Morse code to earn substantial in-game rewards. Released every day at 7 PM GMT, the cipher is a sequence of dots and dashes that players must translate into letters or numbers. Successfully solving and entering the code can earn players up to 1 million coins, making it a highly anticipated event for those looking to boost their in-game assets. To participate, players tap the hamster icon to input a dot and tap and hold for a dash. Timing is crucial, as the input needs to be precise to ensure the game registers the correct sequence. The challenge not only tests players' skills in Morse code but also keeps them engaged, as new ciphers are introduced daily. Players can find Hamster Kombat daily combo and daily cipher answers on Bitget and are encouraged to participate regularly to maximize their earnings. Hamster Kombat Commits to Player-First Approach, Rejects External Investments Hamster Kombat has recently announced a significant decision to reject all external investment offers from major venture capital firms in the Web3 space. This move underscores the game’s dedication to its player base, ensuring that the future HMSTR token will be earned exclusively through gameplay. Of the total token supply, 60% is reserved for players, while the remainder is allocated for market liquidity, future ecosystem partnerships, grants, and rewards. This strategy is aimed at providing equal opportunities for all players, regardless of their financial background. Furthermore, Hamster Kombat has taken a stand against the prevailing industry trend where Web3 projects often prioritize investor profits over the interests of their user base. The game is committed to building a sustainable and community-focused platform, with no reliance on external investors. The only way to purchase HMSTR tokens will be through exchanges after the airdrop, depending on whether users choose to sell their tokens. The community is recognized as the core strength of the project, with ongoing efforts to protect and prioritize the interests of the players as the game continues to evolve. Join Bitget today and discover the world of Hamster Kombat! Sign up now!

Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading

Are you eager to be at the forefront of the latest cryptocurrency trends? Look no further than Bitget Pre-Market, the innovative platform that allows early coin trading before the token is listed for spot trading. In this article, we'll delve into what Bitget Pre-Market is, how it works, the advantages it offers to savvy investors like you, and how to use it. Risk warning: Assets available for pre-market trading are not guaranteed to be listed for spot trading. If the project team is found to have committed any breaches or engaged in high-risk behavior before the asset listing, Bitget reserves the right to cancel the listing and will refund all pre-market traders in full, no transaction fees will be charged. What is Bitget Pre-Market? Bitget Pre-Market is a cutting-edge over-the-counter (OTC) trading platform designed specifically for trading new coins before their official listing on Bitget. It serves as a marketplace where buyers and sellers can come together to engage in peer-to-peer trading, setting the stage for early adoption and competitive pricing. How Does Bitget Pre-Market Work? Bitget Pre-Market operates on a simple yet powerful principle: enabling users to trade new coins before they are officially listed. Here's a step-by-step breakdown of how it works: Listing New Coins Bitget Pre-Market specializes in providing a platform for trading coins that have not yet been available for spot trading on Bitget. This allows early access for investors looking to get ahead of the curve. Peer-to-Peer Trading Buyers and sellers can interact directly on the platform, setting their preferred prices and quantities for trading. This peer-to-peer model fosters a dynamic trading environment and facilitates efficient price discovery. Order Placement Sellers can list their new tokens on the platform at their desired prices, while buyers can place orders for the quantity of coins they wish to purchase. Alternatively, buyers can choose from existing sell orders in the marketplace. Two Options of Settlement Currency Bitget Pre-Market allows users to use coins or USDT as the settlement currency, offering more flexibility in their trading activities. 1. Coin delivery Coin delivery follows a "cash on delivery" approach. If the seller fails to provide the required coins, the security deposit will be forfeited as compensation for breaching the contract. Before the system executes the delivery, the seller can either deliver the tokens or use the security deposit as compensation. Starting from the project's delivery start time, the system periodically executes deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be matched with corresponding buy orders. If there are insufficient project tokens, or if sellers choose to default, the system will not immediately trigger security deposit compensation. At the delivery end time, the system will finalize any remaining undelivered orders by either delivering the tokens or using the security deposit as compensation. Once delivery is completed, the corresponding quantity of tokens is transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment after deducting the transaction fee. If the seller does not hold the required tokens in their spot account, the transaction will be canceled. The system will then unfreeze the buyer’s funds and provide compensation using the seller’s frozen security deposit. 2. USDT delivery USDT delivery is a new option for pre-market trades, providing a second settlement method offered by Bitget for pre-market trades. All USDT delivery orders are executed at the project’s delivery end time. Orders are settled at the average index price calculated over the last ten minutes, which serves as the delivery execution price. Profits and losses are determined by the difference between the initial execution price and the delivery execution price, with the losing party paying the difference to the winning party. Excluding transaction fees, each party can experience a maximum profit or loss of up to 100% of their margin. Example: User buys 10 tokens at 10 USDT (Order A) and sells 10 tokens at 15 USDT (Order B). At delivery time, the system calculates the execution price based on the average index price from the last minute (let’s assume it’s 5 USDT). Calculations: PnL (Profit and Loss) for Order A: ((5 - 10) \times 10 = -50) USDT PnL for Order B: ((15 - 5) \times 10 = 100) USDT The total PnL for the user in Pre-market trading is 50 USDT. Transaction Guarantee To ensure smooth transactions, the platform pre-freezes the funds required for each order as a transaction guarantee. This mitigates the risk of failed transactions due to insufficient funds. Delivery Completion - Coin settlement: Prior to the designated delivery time, sellers must ensure that they have the required amount of new tokens in their spot account. Once delivery is completed, the corresponding tokens are transferred to the buyer's spot account, and funds are transferred to the seller's account. - USDT delivery: Profit and loss will be calculated based on the difference between the transaction price and the delivery execution price. The party that incurs loss, whether it is the buyer or the seller, will transfer the settlement amount to the spot account of the party that makes a profit. Delivery Results After the trading time ends, a summary of the user's delivery information is displayed. This summary includes the number of purchases and sales, the average price, and the total transaction amount. After delivery, the results show income and expenditure for coin settlement, and profit or loss for USDT delivery. Advantages of Bitget Pre-Market Trading Bitget Pre-Market offers a range of advantages for investors seeking early access to new coins: Early Access Investors gain access to new coins before they are officially listed on major exchanges, giving them a head start in capitalizing on emerging trends. Price Discovery By enabling peer-to-peer trading, Bitget Pre-Market facilitates efficient price discovery, allowing users to establish optimal prices for their transactions. Liquidity The platform ensures liquidity by pre-freezing funds for each transaction, which enables buyers and sellers to execute trades smoothly and securely. Market Influence Early participation in pre-market trading allows users to activate community trading interests and attract early adopters, potentially positioning themselves as primary trading markets for the asset once it is listed on Bitget’s spot trading. How to Use Bitget Pre-Market This guide will walk you through the essential steps to effectively use Bitget Pre-Market and have the best trading experience. Creating a Pre-Market Order Step 1: Access Bitget’s website and navigate to the Pre-Market Trading section by clicking on “Launchhub” then choosing Pre-Market or going to this link. If you're on Bitget mobile app, go to the home screen, tap "More", then tap the Pre-market icon to enter Pre-market. Step 2: Choose the token you want to trade. Step 3: On this page, you can find information about the price history, transaction history, market price trend, and depth of the token in the bottom right corner of the screen. Step 4: As a Maker: ● Click on “Post order”. ● You will be notified of different delivery scenarios. You can choose from 4 options: ○ coin settlement with sufficient funds (coin settlement). ○ Maker does not have sufficient assets for delivery (coin settlement). ○ Delivery execution price is below the maximum profit delivery price (USDT settlement). ○ Delivery execution price is at or above the maximum loss delivery price (USDT settlement). ● Click “OK” to continue. ● Specify whether you want to Buy or Sell. Enter the Price and Amount in the pop-up window, then click “Confirm”. ● Review the order details and fees before confirming your order. If a maker order is filled by a taker and the remaining quantity falls below the minimum order value (typically 5 USDT), it will automatically be marked as a historical order and will not be executed. As a Taker: ● Browse through the list of pending orders in the Buy or Sell column, then choose the one you want to fill. ● Select your preferred delivery scenario (similar to the Maker section above) then click “OK”. ● Enter the amount you want to trade then click “Confirm”. Fulfilling a Pre-Market Order As a buyer, once your order is matched, simply wait for the settlement time for token delivery. As a seller, follow these steps to fulfill a pre-market order: Step 1: Deposit the necessary tokens into your Bitget account. Ensure you verify the deposit chain and address to prevent any loss of assets. Alternatively, you can purchase the required coins on the Spot Market once they are listed. Step 2: Transfer the designated amount to your account within the settlement period to ensure timely and successful delivery. Cancellation of Pre-Market Orders Please be aware that only incomplete orders can be canceled. Orders pending delivery cannot be canceled. To cancel a specific order, navigate to Active Orders and click Cancel in the corresponding Action column. For bulk cancellation, use the Cancel All option to cancel all active orders. Viewing Active and Past Pre-Market Orders To access your active and past pre-market orders, click on “My Orders”. Use the dropdown lists for Coin/Direction, Delivery quantity, Unit price (USDT), Delivery status, and Delivery method to sort and view past orders. You can also toggle between On-going, History, and Delivery to refine your search. Keep track of the settlement time for your pre-market orders. It should be noted that if the seller chooses "Coin settlement", they must ensure that they have the required tokens in their account before the end of the settlement period to ensure successful delivery. If it is an order for "USDT delivery" order, the seller does not need to prepare tokens and will directly settle PNL with the USDT margin settlement at the time of order completion.

Free Daily Treats - The Bitget Way AKA Your Shortcut To Crypto Riches

Ready to supercharge your crypto journey? Bitget is here to make your dreams a reality with endless opportunities to earn tokens for free. As the cryptocurrency market is buzzing with good news and price surges, Bitget keeps users ready with a variety of innovative solutions that are secure, beginner-friendly, and available at all times - because you know, Bitget is the go-to platform for savvy users across the globe. Infinite Ways To Grow Your Crypto Assets Bitget is on a mission to democratise crypto earning. Whether you're new to cryptocurrency or an experienced investor, Bitget offers an array of features tailored to help you grow your assets. Available year-round, these opportunities ensure you can dive in anytime, any day, to maximise your crypto gains and ride - actually - any bull run. Bitget Launchpool Get in early and earn big with Bitget Launch Pool. This feature is designed with both security and accessibility in mind, hence it's ideal for beginners and experienced users alike. The Bitget Launchpool allows users to earn new tokens by staking their existing cryptocurrencies. Here’s how it works: users will stake, i.e. lock their cryptocurrencies such as USDT, BTC, or ETH into specific pools associated with new token projects to earn their tokens and that's it, no further actions needed! The process is straightforward and secure to make sure your original assets remain safe while you earn additional tokens. By staking your assets, you earn new tokens as rewards over a predetermined period. The rewards are distributed hourly so that you can monitor your returns in real-time and stay engaged with the market dynamics. The Bitget Launchpool provides a unique opportunity to be among the first to invest in new and promising projects. This early participation often translates to significant rewards as these projects gain traction and value over time. Unlike the typical DeFi farming protocols, Bitget’s user-friendly interface makes it easy for even the most novice investors to participate in the launchpools. The platform provides clear instructions and real-time updates for a seamless experience from start to finish. Bitget PoolX Bitget PoolX is another powerful feature that elevates your staking experience. Unlike the bi-weekly schedule of Bitget Launchpool, Bitget PoolX comes up with new staking opportunities almost every day, therefore you can continually make the most of your capital and earn tokens daily. PoolX offers a variety of staking products with different durations and reward rates to allow you to customise your staking strategy according to your investment goals. The flexibility of PoolX guarantees a staking option that suits any user's needs every day. Rewards in Bitget PoolX are distributed hourly, just like the Bitget Launchpool. This means you can continuously monitor and optimise your earnings. The average return ranges from 10% to 45%, a highly attractive option for consistent token earnings. Bitget PoolX frequently collaborates with top-tier projects to provide high-yield staking opportunities; when coupled with the platform’s robust security measures, this provides great chances to earn with peace of mind. Bitget PoolX is designed to be accessible for all users. If you need that one last push to dive into the exciting world of crypto, this might just be the one. Additional Earning Opportunities On Bitget Beyond the Bitget Launchpool and Bitget PoolX, Bitget offers several other ways to earn tokens for free. Bitget CandyBomb is the first-ever task-and-airdrop platform in the space, which grants users free access to new tokens simply by completing the given tasks, whereas with Bitget Savings, users will earn guaranteed interest on idle cryptocurrencies by depositing them into flexible (anytime withdrawals without penalties) or fixed savings accounts (higher interest rates). Bitget Staking allows users to stake a variety of cryptocurrencies to earn rewards, and Bitget BGB Staking is specifically designed for holders of Bitget’s native token (BGB), bringing about not only a savings opportunity but also zero-fee withdrawals. Maximising Your Crypto Earnings Combining these features creates a hub of earning potential. Take advantage of Bitget Launchpool, Bitget PoolX, Bitget CandyBomb, Bitget Savings, and Bitget Staking together and you can diversify your income streams as well as supercharge your earnings. Picture this: staking your existing assets and earning new tokens can and should take place daily. Now, be among the first to invest in new projects with Bitget Launchpool, reap consistent rewards with Bitget PoolX, and enjoy engaging campaigns with Bitget CandyBomb. The excitement doesn’t end there. Bitget Savings and Bitget Staking provide stable returns on your idle assets, while BGB Staking offers high yields and exclusive rewards. Each opportunity amplifies your potential returns regardless of market conditions and contributes to your comprehensive, low-cost, risk-minimised strategy anytime, anywhere. Friendly reminder: don't miss out on this incredible chance to multiply your crypto assets with Bitget’s unique ecosystem, where every day presents a fresh opportunity to grow your portfolio. The continuous availability of these features means you can always find a new way to earn. So why wait? Dive into Bitget’s earning features today and watch your crypto assets skyrocket. The clock is ticking, and another bull run is here. Seize the moment, explore Bitget’s offerings, and become a part of the crypto revolution. Your future self will thank you! Free Treats Available At All Times Who says treats are just for birthdays? With Bitget, free treats are available every single day! Bitget is happy to establish a space where you can tap into earning opportunities around the clock and continuously grow your crypto assets with ease. The combination of our regular updates on new opportunities and simplified participating process means you’re always in the loop and ready to maximise your investments quick. Imagine logging in and discovering new ways to earn tokens through staking, campaigns, or promotions. Each interaction with Bitget is a chance to boost your portfolio. This continuous stream of rewards will prove that your crypto journey can be both profitable and enjoyable. It’s like having a never-ending supply of free goodies that is designed to keep your earnings soaring. Thanks to Bitget’s innovative, secure, and beginner-friendly features, everyone has endless opportunities to earn free tokens. Don’t wait another moment - jump into Bitget’s ecosystem today and watch your crypto portfolio thrive. Perhaps even by the hour.

Tomarket Sows Seeds Of Innovation On TON Blockchain

Tomarket is a new platform that is making waves by bringing unmatched innovation and growth potential to the market. With support from Bitget Wallet and Foresight Ventures, Tomarket is poised to transform the way assets are traded via its decentralised marketplace designed for trading innovative asset classes including Real-World Assets (RWA), crypto bond yields, points, and pre-circulation tokens. The New Gen Of Farmers Tomarket is inspired by the timeless concept of farming that is now reimagined for the digital age. The name Tomarket is a clever blend of Tomato and Market, which symbolises both growth and fertility, and the rich potential of a flourishing ecosystem. Tomarket empowers a new generation of digital farmers - crypto farmers, who cultivate, trade, and harvest valuable digital assets, in the same manner that traditional farmers cultivate their crops with care, patience, and dedication and reap the rewards of their hard work. In this context, the tomato is more than just a fruit; tomato represents growth, resilience, and the idea of something ripe and ready for harvest. Tomarket aims to create a nourishing environment where new asset classes can thrive and reach their full potential. The market aspect signifies a bustling hub where digital farmers can trade some of the most valuable "fruits" in the crypto world. Launching on the TON blockchain was a strategic decision to utilise Telegram's vast and engaged user base as an ideal fertile land for Tomarket's farmers. The Open Network (TON), initially developed by the team behind the popular messaging app Telegram to integrate cryptocurrency and blockchain functionality into the Telegram ecosystem, offers a seamless user experience and access to a massive, tech-savvy audience. By leveraging TON's robust infrastructure, Tomarket can foster community engagement and accelerate the adoption of its innovative marketplace. Here, the fields are ripe, and the harvest promises to be abundant for those who join this new generation of digital farmers. Bringing RWAs And More To Telegram The Based App Tomarket is transforming the way we approach asset trading by integrating seamlessly with Telegram, the largest home for crypto enthusiasts, and also pioneering the future of asset trading on a platform that is becoming the ultimate crypto-based everything app. Telegram is evolving into a comprehensive crypto-based everything app thanks to the introduction of the TON blockchain, and with Tomarket's innovative solutions developed exclusively for today’s trading landscape, Telegram users can easily and conveniently enjoy the rapid advancement of this "based" app. One of the primary challenges is liquidity and price discovery enhancement. Traditional markets often struggle to provide sufficient liquidity and transparent pricing for new asset classes, leaving holders of assets such as points, pre-circulation tokens, and RWAs unable to accurately determine their value. Tomarket’s decentralised marketplace improves liquidity and enables fair price discovery through a community-driven approach to make sure that that prices reflect real market demand as well as providing the much-needed transparency and reliability. Security and trust are also major concerns in over-the-counter (OTC) trading of illiquid assets, where the risk of fraud and non-delivery is significant. Tomarket addresses this by implementing a dual-collateral system that requires both parties in a transaction to provide collateral. This mechanism guarantees secure trades and is akin to traditional futures markets, where the rights of buyers and the obligations of sellers can be traded and settled securely. Finally, Tomarket provides early access to new assets - a significant advantage for investors who often struggle to gain entry to promising opportunities before they hit mainstream markets. The platform facilitates pre-trading, which allows users to engage with new assets from their inception. This feature enables early price discovery and market engagement for value capture from the very beginning, thus benefiting both users and project teams alike. Tomarket's Growth Potential The growth potential of Tomarket is immense, especially given the expansive opportunities provided by the TON blockchain. According to DefiLlama, the Total Value Locked (TVL) on TON stands at over $710 million as of July 10, 2024 compared to Ethereum's $53.21 billion or Solana's $4.39 billion, and remember that projects on these two chains most likely have to take advantage of Telegram's user base of tech and crypto enthusiasts! As this figure alone highlights the substantial opportunities for expansion on TON, the promising future of integrating Tomarket into this multifunctional app cannot be overstated. Tomarket's growth metrics so far have been nothing but impressive. Within just 5 days of launching its Telegram Drop Game, Tomarket attracted over 1 million users - a rapid adoption showing the platform's appeal and high demand for new asset classes trading. To put this into perspective, it took other platforms considerably longer to reach the same milestone: 11 days for Blum, 12 days for Yescoin, 22 days for Hamster Kombat, 29 days for CatizenAI, and 34 days for TapSwap. Gave Tomarket another day and its Telegram Drop Game captivated another 500,000 users, bringing the total number of players after a mere 6 days to over 1.5 million users. This success reflects the effectiveness of leveraging Telegram's vast, engaged user base and showcases the strong interest in Tomarket's offerings. As more users join the TON Network, Tomarket is poised to benefit from increased adoption and further solidify its position as a leading marketplace for new assets. The convenience of using an all-in-one app like Telegram, combined with Tomarket's rapid user growth, ensures that the project has substantial room to grow and thrive in this dynamic environment. The backing of Bitget Wallet and Foresight Ventures also significantly increases Tomarket's growth potential. Bitget Wallet, after transformed into a full-stack DeFi ecosystem, prioritises maximum security, enhanced liquidity, and a seamless mobile-native user experience. Its advanced infrastructure aggregates liquidity from multiple sources, improving the trading experience on Tomarket. Meanwhile, Foresight Ventures provides blockchain expertise and market insights, guiding Tomarket's innovation and ensuring a strong foundation for this project's continued expansion. Why You Should Start Playing Tomarket's Telegram Drop Game Now Tomarket's Telegram Drop Game is a unique, engaging experience that not only entertains but also rewards participants. This Telegram Mini App game, launched on July 04, 2024, has already drawn in over 1.5 million users with its Tap2Earn mechanics. Players earn TOMATO tokens by farming, playing the drop game, daily check-ins, inviting friends, and completing tasks. What makes Tomarket's Telegram Drop Game such a hit (or why you shouldn't miss it): ● Exclusive Rewards: During the official launch campaign running until 6:00 AM (GMT) on July 17, 2024, players who check-in for three consecutive days and refer three friends will receive a massive mystery gift and a 20% bonus on all check-in rewards forever. This limited-time offer provides an excellent opportunity for early adopters to maximise their rewards and benefit from ongoing incentives. ● Rapid User Growth: With over 1.5 million players in just six days, the community is growing at an unprecedented rate. Joining now means being part of a vibrant, active user base. The early momentum indicates strong user interest and engagement and signals a perfect time to join and participate in the community's growth. ● Future Benefits: TOMATO tokens earned in the game will be converted to the official Tomarket tokens at a later stage so as to give early adopters significant advantages. Participating in the Drop Game now allows users to accumulate TOMATO tokens, which will hold substantial value in the future as the Tomarket platform continues to expand and integrate new features. Final Words Tomarket is not just a marketplace; it is a community-driven revolution in asset trading. With its innovative solutions, rapid growth, and engaging user experiences, Tomarket is set to redefine how we trade new asset classes. Don’t miss out on this opportunity to be part of the next big thing in decentralised finance. Stay ahead of the curve with Tomarket, where the future of asset trading begins. For more details on the project, visit Tomarket's Official Website. For more information and to start playing, visit Tomarket's Telegram Drop Game. 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.