-
ARS 1,081.10 (-1.03%) -
BTC 63,148.60 (-0.10%) -
ETH 3,043.96 (-0.93%) -
SOL 152.09 (-0.02%) -
PEPE <0.01 (-3.42%) -
ENA 0.94 (+9.42%) -
DOGE 0.15 (-0.91%) -
WIF 3.28 (-1.85%) -
XRP 0.54 (-1.04%) -
RNDR 10.66 (+7.67%) -
WLD 6.07 (-0.93%) -
NEAR 7.39 (+1.19%) -
BOME 0.01 (-5.16%) -
RUNE 5.28 (-1.12%) -
AVAX 36.48 (-2.07%) -
JTO 3.98 (+12.01%) -
ARKM 2.57 (-1.00%) -
SUI 1.11 (+1.34%) -
BONK <0.01 (-0.24%) -
AR 38.27 (-4.35%) -
ETHFI 3.88 (-0.82%) -
FLOKI <0.01 (-2.15%) -
ORDI 38.55 (-0.16%) -
POWR 0.34 (+7.37%) -
ADA 0.45 (-2.62%) -
FIL 5.93 (-3.17%) -
MATIC 0.71 (-1.84%)
Bankless controversy forces founders to burn tokens and separate from DAO
Published: 2023-11-27
1. Decentralized Autonomous Organizations (DAOs) - This article discusses the use of DAOs in the crypto space,focusing on BanklessDAO. BanklessDAO is a decentralized organization that operates without a central authority and aims to promote the adoption of decentralized finance (DeFi) and blockchain technology. They recently announced a plan to burn 90% of their native token supply,BANK,which will reduce the total supply and potentially increase the value of the remaining tokens. DAOs like BanklessDAO enable individuals to participate in decision-making processes and governance without relying on traditional intermediaries.
2. Token Burning - BanklessDAO's decision to burn a significant portion of their token supply is an important development in the crypto space. Token burning involves permanently removing tokens from circulation,which can have several benefits for a project. By reducing the supply,token burning increases scarcity and can potentially drive up the value of the remaining tokens. It can also help to align incentives among token holders and demonstrate a commitment to long-term value creation. In the case of BanklessDAO,the token burning is part of their strategy to enhance the value proposition of their native token and attract more participants to their decentralized community.
3. DeFi Adoption and Innovation - The article highlights BanklessDAO's role in promoting the adoption of decentralized finance and blockchain technology. DeFi refers to the use of blockchain and cryptocurrency to recreate traditional financial instruments and services without the need for intermediaries. BanklessDAO aims to empower individuals to become financially independent and participate in the global economy through DeFi applications. By burning tokens and increasing the value of their native token,BanklessDAO is positioning itself as a leading player in the DeFi space and encouraging innovation in this rapidly growing sector. Their effort to attract more participants to their community further strengthens the overall adoption of DeFi and contributes to the decentralization of traditional finance.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,081.10 | 2,530,827,674.60 |
| 2 | BTC |
63,148.60 | 1,492,331,491.56 |
| 3 | ETH |
3,043.96 | 852,903,810.43 |
| 4 | SOL |
152.09 | 662,339,013.56 |
| 5 | PEPE |
<0.01 | 280,231,179.38 |
| 6 | ENA |
0.94 | 246,464,704.33 |
| 7 | DOGE |
0.15 | 209,283,036.67 |
| 8 | WIF |
3.28 | 209,239,675.27 |
| 9 | XRP |
0.54 | 187,150,094.53 |
| 10 | RNDR |
10.66 | 174,697,038.59 |
| 11 | WLD |
6.07 | 144,474,017.57 |
| 12 | NEAR |
7.39 | 137,321,150.54 |
| 13 | BOME |
0.01 | 132,689,767.80 |
| 14 | RUNE |
5.28 | 94,144,633.12 |
| 15 | AVAX |
36.48 | 64,645,917.24 |
| 16 | JTO |
3.98 | 62,464,802.97 |
| 17 | ARKM |
2.57 | 58,142,753.88 |
| 18 | SUI |
1.11 | 56,555,394.03 |
| 19 | BONK |
<0.01 | 55,583,898.06 |
| 20 | AR |
38.27 | 51,452,872.71 |
| 21 | ETHFI |
3.88 | 46,217,954.98 |
| 22 | FLOKI |
<0.01 | 45,701,405.36 |
| 23 | ORDI |
38.55 | 42,120,224.28 |
| 24 | POWR |
0.34 | 38,237,314.23 |
| 25 | ADA |
0.45 | 37,326,674.34 |
| 26 | FIL |
5.93 | 37,054,469.44 |
| 27 | MATIC |
0.71 | 36,617,664.08 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  ERN |
5.46 | +24.03 |
| 2 |  VGX |
0.09 | +14.08 |
| 3 |  AKRO |
<0.01 | +13.98 |
| 4 |  FIRO |
1.89 | +13.58 |
| 5 | JTO |
3.98 | +12.01 |
| 6 | ENA |
0.94 | +9.42 |
| 7 |  PSG |
5.41 | +8.35 |
| 8 | RNDR |
10.66 | +7.67 |
| 9 | POWR |
0.34 | +7.37 |
| 10 |  NULS |
0.68 | +6.97 |
| 11 |  ACA |
0.12 | +6.53 |
| 12 |  PEOPLE |
0.03 | +5.32 |
| 13 |  IDEX |
0.07 | +5.18 |
| 14 |  BSW |
0.08 | +5.12 |
| 15 |  CHZ |
0.13 | +4.76 |
| 16 |  RARE |
0.12 | +4.62 |
| 17 |  PORTAL |
0.85 | +4.45 |
| 18 |  RLC |
3.11 | +4.08 |
| 19 |  DEGO |
2.35 | +3.93 |
| 20 |  TROY |
<0.01 | +3.88 |
| 21 |  TRU |
0.12 | +3.60 |
| 22 |  MTL |
1.74 | +3.38 |
| 23 |  POLYX |
0.40 | +3.28 |
| 24 | ![BinaryX [OLD] title=](https://titdoi.com/coins-images-mini/BNX-binaryx.webp){kind=small} BNX |
0.99 | +3.19 |
| 25 |  IQ |
0.01 | +3.06 |
| 26 |  TFUEL |
0.11 | +2.96 |
| 27 |  LTO |
0.20 | +2.89 |
| 28 |  RAY |
1.75 | +2.88 |
| 29 |  FIS |
0.58 | +2.86 |
| 30 |  AGIX |
1.01 | +2.80 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | REZ | 0.15 | -9.32 |
| 2 |  LEVER |
<0.01 | -8.45 |
| 3 |  TIA |
9.70 | -6.46 |
| 4 |  SAGA |
3.04 | -6.09 |
| 5 | BOME |
0.01 | -5.16 |
| 6 |  QKC |
0.01 | -4.92 |
| 7 |  OOKI |
<0.01 | -4.74 |
| 8 |  CTXC |
0.37 | -4.68 |
| 9 |  HIGH |
3.96 | -4.47 |
| 10 |  PORTO |
2.52 | -4.37 |
| 11 | AR |
38.27 | -4.35 |
| 12 |  DYM |
3.11 | -4.13 |
| 13 |  OMNI |
17.86 | -4.08 |
| 14 |  SNX |
2.70 | -3.82 |
| 15 |  OP |
2.69 | -3.75 |
| 16 |  COS |
0.01 | -3.74 |
| 17 |  OM |
0.75 | -3.54 |
| 18 |  DYDX |
2.14 | -3.51 |
| 19 |  STRK |
1.27 | -3.49 |
| 20 |  LUNC |
<0.01 | -3.45 |
| 21 | PEPE |
<0.01 | -3.42 |
| 22 |  CTK |
0.68 | -3.37 |
| 23 |  PYTH |
0.52 | -3.35 |
| 24 |  PIXEL |
0.40 | -3.29 |
| 25 |  MAGIC |
0.75 | -3.25 |
| 26 |  HBAR |
0.11 | -3.22 |
| 27 |  USTC |
0.02 | -3.17 |
| 28 | FIL |
5.93 | -3.17 |
| 29 |  NTRN |
0.72 | -3.17 |
| 30 |  MOVR |
13.57 | -3.11 |
Bitcoin's Greed and Fear Index.
?68
Greed
Global CryptoCurrency News
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Consumer Credit m/m | Tuesday | 07-05-2024 | 20:00 |
| 2 | Final Wholesale Inventories m/m | Wednesday | 08-05-2024 | 15:00 |
| 3 | Crude Oil Inventories | Wednesday | 08-05-2024 | 15:30 |
| 4 | FOMC Member Jefferson Speaks | Wednesday | 08-05-2024 | 16:00 |
| 5 | 10-y Bond Auction | Wednesday | 08-05-2024 | 18:01 |
| 6 | FOMC Member Cook Speaks | Wednesday | 08-05-2024 | 18:30 |
| 7 | Unemployment Claims | Thursday | 09-05-2024 | 13:30 |
| 8 | Mortgage Delinquencies | Thursday | 09-05-2024 | 15:00 |
| 9 | Natural Gas Storage | Thursday | 09-05-2024 | 15:30 |
| 10 | 30-y Bond Auction | Thursday | 09-05-2024 | 18:01 |
| 11 | FOMC Member Daly Speaks | Thursday | 09-05-2024 | 19:00 |
| 12 | FOMC Member Bowman Speaks | Friday | 10-05-2024 | 14:00 |
| 13 | Prelim UoM Consumer Sentiment | Friday | 10-05-2024 | 15:00 |
| 14 | Prelim UoM Inflation Expectations | Friday | 10-05-2024 | 15:00 |
| 15 | FOMC Member Barr Speaks | Friday | 10-05-2024 | 18:30 |
| 16 | Federal Budget Balance | Friday | 10-05-2024 | 19:00 |
