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Next-generation autonomous yield and liquidity token $COCO made the number two top spot on America’s CoinMarketCap top trend list amidst the platform’s growing popularity. The ranking was achieved on June 17, 2021 according to CoinMarketCap.
The $COCO token will be the fuel of the CocoSwap decentralized platform. The token, created as a progressive deflationary token, distributes 2% to holders, 2% to token burn, and the remaining 3% of the deflationary transaction to project incentives ensuring the platform sustenance.
Extending their influence beyond America, CocoSwap later trended in Asia the next day, June 18, as revealed by CoinmarketCap.
The news aids in establishing CocoSwap popularity. The $COCO token was created to provide decentralized network transactions with faster and cheaper fee's in two continents. The benefits the project offers have propelled it into its current successful position on the charts. The success that the project has seen indicates it has developed a strong foundational user base. Maintaining this momentum will be key for the long-term establishment of the protocol.
The CocoSwap App is currently in development. According to the team, the app should have all its background development finalized in June.
Currently, the protocol is in its early alpha stage. Its core mission is to be the future of the Web 3.0 platform. Along with this growth will be farming opportunities on their Web 3.0 and mobile platforms. Readers can join this early development phase by visiting their website and becoming an early adopter.
CocoSwap Finance is a next-generation autonomous yield and liquidity protocol, including its growth Web 3.0 platform, IOS, and decentralized Application (dApp). The platform boasts many followers and members on its social media outlets, including its Twitter and Telegram group.
In its ongoing plans, the protocol aims to become the portal for cryptocurrencies, NFTs, and derivative exchanges through its autonomous yield protocol. The protocol ensures robust liquidity to enable seamless and easy staking options for users. This incentivizes using the network and grants rewards for their service.
To learn more about CocoSwap, visit their media links below:
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MetaMask has improved accesibility for Ledger users in its latest update. The update will roll out from next week, simplifying the proces by which Ledger users connect their hardware wallet to MetaMask.
At present Ledger users are required to open Ledger Live first, then connect their Ledger, then connect MetaMask to it. The sheer number of steps required to make the connection is prohibitive. Community feedback has now prompted MetaMask to streamline the process.
“Ledger users, we hear you,” said MetaMask in a tweet on October 26th. “We have a new improved Ledger support that should be starting to roll out next week. The new support will be entirely in-browser, and won't require Ledger Live installed to use.”
MetaMask went on to tease “extra good news” for hardware wallet users coming very soon.
MetaMask recently launched version 10.3.0 of its extension with a subtly altered login screen. The company is also working on an improved token detection algorithm that is resistant to airdrop scams.
ConsenSys is a leading Ethereum software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite is composed of Infura, Quorum, Codefi, MetaMask, Truffle and Diligence.
The Korean Teachers’ Credit Union (KTCU) issued a statement denying a report that it has shifted its investment strategy to allocate part of its capital into Bitcoin Exchange Traded Funds (ETFs). The article published by The Korea Economic Daily titled, ‘KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF’ got the entire crypto community abuzz with excitement.
The move is seen as a leap of faith because pension funds are often regarded as conventional investors that favor low-risk traditional products. If the rumor is true, it also signals a departure from the institution’s usual investment strategy.
In a statement released by KTCU and quoted in The Korea Herald, it says - The KTCU has never reviewed an investment in a bitcoin-related ETF, and will never have a plan to do so’
KTCU is a pension fund with $47 billion of Asset Under Management (AUM) raised eyebrows when the local daily published the report. KTCU is dedicated to promoting teachers’ welfare and financial benefits and investment by pension funds is the clearest sign that Bitcoin is now regarded by institutional investors as a mainstream asset.
Korea continues to rein in on the crypto ecosystem and the latest decision to proceed to tax crypto earnings of more than 2.5 million Korean won (approximately $2,105) affirms the government’s tough stance against the crypto industry. The Korean authority has recently shut down more than half of the crypto exchanges operating within its jurisdiction for failing to get the relevant approvals from the Financial Services Commission (FSC).
Given the general policy and regulatory sentiment in Korea, institutional investment decisions are unlikely to favor the crypto industry. Whilst in the US, institutions are taking bold steps ahead.
In a recent announcement, the Houston Firefighters' Relief and Retirement Fund has bought into Bitcoin and Ethereum. This is probably a result of the recent Bitcoin ETF’s approval by the SEC which is seen by observers as the regulator’s stamp of approval for the new asset class.
It would be ideal for traditional institutions such as pension funds to dip their toes into crypto-related investments. This is because pension funds are geared towards capital preservation rather than growth. If Bitcoin can provide this assurance, its narrative as a store of value is bolstered.
Mass institutional adoption for crypto assets may not take place at the pace that many enthusiasts would have wished. Cryptos as an asset class still suffers from volatility and once this massive price fluctuation decreases, it becomes a more viable alternative to other traditional assets.
The yield and liquidity token recently made a surprising push to join the top ranking projects.
Next-generation autonomous yield and liquidity token $COCO made the number two top spot on America’s CoinMarketCap top trend list amidst the platform’s growing popularity. The ranking was achieved on June 17, 2021 according to CoinMarketCap.
The $COCO token will be the fuel of the CocoSwap decentralized platform. The token, created as a progressive deflationary token, distributes 2% to holders, 2% to token burn, and the remaining 3% of the deflationary transaction to project incentives ensuring the platform sustenance.
Extending their influence beyond America, CocoSwap later trended in Asia the next day, June 18, as revealed by CoinmarketCap.
The news aids in establishing CocoSwap popularity. The $COCO token was created to provide decentralized network transactions with faster and cheaper fee's in two continents. The benefits the project offers have propelled it into its current successful position on the charts. The success that the project has seen indicates it has developed a strong foundational user base. Maintaining this momentum will be key for the long-term establishment of the protocol.
The CocoSwap App is currently in development. According to the team, the app should have all its background development finalized in June.
Currently, the protocol is in its early alpha stage. Its core mission is to be the future of the Web 3.0 platform. Along with this growth will be farming opportunities on their Web 3.0 and mobile platforms. Readers can join this early development phase by visiting their website and becoming an early adopter.
CocoSwap Finance is a next-generation autonomous yield and liquidity protocol, including its growth Web 3.0 platform, IOS, and decentralized Application (dApp). The platform boasts many followers and members on its social media outlets, including its Twitter and Telegram group.
In its ongoing plans, the protocol aims to become the portal for cryptocurrencies, NFTs, and derivative exchanges through its autonomous yield protocol. The protocol ensures robust liquidity to enable seamless and easy staking options for users. This incentivizes using the network and grants rewards for their service.
To learn more about CocoSwap, visit their media links below:
