ArcherSwap NFTs Goes Live on Miidas NFT Marketplace
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Taking a Tour of The SecondLive Spaces
February 4, 2022
MINS
The metaverse platform has taken off in popularity recently. Let’s explore some of their spaces!
Explore the SecondLive Metaverse Spaces
SecondLive has emerged as one of the premier metaverse spaces on Binance Smart Chain (BSC). The digital live space took center stage when it hosted the first anniversary of BSC and a premier BSC event over the December 2021 holiday season.
So far, SecondLive has made the two aforementioned event spaces and a third Mannequin-themed space is on the way. What we want to do here in this article is take a look at the mintable spaces available on SecondLive.
The platform saw over 80,000 monthly users in January, according to DappRadar. This is an incredible take-off after having no users before December.
The spaces from SecondLive are nothing groundbreaking. If you have ever played something like Sims then you can get a feel for what the space is like. Nearly all spaces in the metaverse still have this primitive digital quality. However, a future of more immersive tech feels right around the corner.
At this time, there are just three mintable personal rooms on SecondLive available on the platform. There are island homes and either blue or pink apartments.
Let’s take a moment to explore the metaverses available. Everyone joining into SecondLive must create an avatar to roam the world. So, set up your person and get ready to go! Hard not to pick the killer Binance jacket!
(If you need a primer on how to get set-up, check out our guide to preparing SecondLive here)
Ready to dive in? CryptoQuile is ready! Look at that thumbs up reaction!
Once you drop into the house, you’ll be able to explore the limited area of the property.
The controls to move around are not difficult to understand. The avatar moves with the classic WASD keyboard movement where the spacebar and mouse are used to adjust perspective.
The island home comes equipped with a house, pool, beach, and a pier with a couple of boats. A lavish lifestyle is fully attainable for your avatar!
The outdoor grass area has a big picture screen for events and livestreaming directly into the space.
Inside the unlocked house (apparently, safety is no concern in the metaverse!), you find a home equipped and ready for living. You’ll find all the necessary amenities of a normal apartment. There is a kitchen, lounge, bathrooms, bedrooms, and a sick balcony view!
Upstairs, you can explore the bedrooms and take a look out at the see on your patio deck. Look at CryptoQuile out there enjoying his view. He truly feels at home! (Unfortunately, the boat cannot be sailed!)
Skipping back out of the island home, let’s take a look at the two apartments available. Available in just two color schemes, blue and pink, the apartment options are much smaller than island property.
Each space has the same general set-up as a high-rise-looking studio apartment. Each can function as a meeting place because of the virtual screen available.
The pink apartment has heart-shaped decorations that give it a bit more feminine mystique. The room lends itself to a playful and lively atmosphere.
And, finally, the blue apartment. First, off the futuristic skyrise view is definitely cool. The blue room seems a bit less cluttered and lends itself to a more business like feel.
Each room comes with a puzzle mini-game in the room that can give users something mindless to fool around with. CryptoQuile’s puzzle score was trounced by the high scores from the users in his chosen room. The puzzle was a bit complicated but could be accelerated by knowing where and when to click.
The SecondLive metaverses spaces, as you can see, as still in very early stages. Right now, these are more or less testing the backend technology of how users can begin to earn tokens when their space is in use. The potential implications of this technology are vast.
For now, we’ll just have to enjoy the primitive look of SecondLive and wait for the front-end user experience to really catch up with the development.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto!
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Weekly Article Recap: 3/20-3/24
March 25, 2023
A recap of notable news from the week.
Recapping the Week in DeFi
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Arbitrum Airdrop: Which DAOs Received the Most $ARB?
The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.
Get all the details in this article.
MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace
MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace.
Find more information here.
Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator
Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator.
Find more details in this article.
Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’
Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.
Learn more about Celer’s ZK solution in this article.
Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain
Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers.
Get all the details here.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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ArcherSwap NFTs Goes Live on Miidas NFT Marketplace
March 25, 2023
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Users can now easily buy and sell the collection on Miidas’ NFT marketplace.
Kyudo Archers are Now Available on Miidas NFT
Following a successful minting, ArcherSwap’s native Non-Fungible Token (NFT) collection, Kyudo Archers, is now available on Core-based NFT marketplace, Miidas.
Miidas is the leading NFT marketplace on the Core chain, supporting other networks, including BNB Chain and Polygon. kyudo Archer holders can now buy and sell the collection on the top marketplace after an official announcement on March 24.
Kyudo Archers’ mint, comprising 10,000 unique digital archers, sold out in under 15 minutes at 20 $CORE, representing a strong interest in the Core ecosystem. The collection offers users numerous benefits, including staking and farming. Its availability on the Miidas marketplace will allow more users to enjoy its benefits in the blockchain industry.
Already, 342 items have been sold on Miidas, with a trading volume of 217 CORE, worth over $400. The floor price for one Kyudo Archer NFT is 10 CORE on the multi-chain marketplace. Interested users should visit the collection’s page on the Miidas marketplace for more details.
What is ArcherSwap:
ArcherSwap is a unique DEX Automated Market Maker (AMM) on the Core chain. The protocol provides a DeFi ecosystem that allows users to trade and earn through NFT, GameFi, and projects utilizing its native BowPad launchpad.
Where to find ArcherSwap:
Website | Twitter | Telegram | Discord
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Polynomial and Synthetix Team Up to Launch Decentralized Perpetuals
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March 24, 2023
Polynomial Finance will offer a decentralized AMM and introduce a new delta-hedged AMM to hedge LP's from the directional risk introduced by traders.
Polynomial to Roll Out On-Chain Decentralized AMM
Polynomial Finance, a decentralized finance protocol, announced to launch its perpetual trading platform on Optimism through Synthetix on March 27.
According to the protocol, the Polynomial Decentralized Exchange (DEX) would include features typically found in Centralized Exchanges (CEXs).
The platform also recently announced to launch power perpetuals on its platform. As per the protocol. the Polynomial Power Perps will introduce a new delta-hedged Automated Market Maker (AMM).
Polynomial’s AMM will reportedly offer tighter spreads, lower funding rates, and consolidate market liquidity into one instrument, thereby enabling better portfolio management and diversification. The platform would use Synthetix Perps V2 for hedging LP's against directional risks.
Worth noting, Synthetix recently reached $490 million in daily trading volume for the first time on March 17 and generated $511,000 in fees.
In terms of trading volume, $479.8 million was traded on the Kwenta platform. The Polynomial platform, however, came third in terms of volume after Decentrex, generating $184.5k on the same day.
In addition, Synthetix has launched V3 on the Ethereum Mainnet and Optimism after completing a security audit. Synthetix developers claim the new version offers better architecture for the development of faster, more complex, and more efficient decentralized financial applications (DeFi).
Synthetix currently has a Total Volume Locked (TVL) of $428.63 million and a market cap of $687.734 million. Synthetix (SNX) is trading at $2.55, down 6.87% in 24 hours.
What is Polynomial Finance:
Polynomial is developing a decentralized finance protocol to enable a more equitable, accessible, efficient, and transparent financial system. Polynomial automates financial derivative strategies to produce products that provide passive yield on various assets.
Learn more about Polynomial:
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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KyberSwap Launches First-Ever $ARB Liquidity Pools and Liquidity Mining on Arbitrum
March 24, 2023
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This marks the beginning of an extensive Arbitrum-centered campaign that KyberSwap has planned. Liquidity providers can earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs.
‘An Extensive Arbitrum-Centered Campaign’
Kyberswap reportedly launched the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain at the time of the much anticipated $ARB token airdrop.
According to KyberSwap, the $ARB liquidity pools will provide users with more liquidity options and trading pairs.
“We are excited to launch the first-ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders.”
As reported, KyberSwap's liquidity mining programs will enable liquidity providers to earn fees and rewards by adding liquidity to $ARB pools.
The following pools are eligible for $ARB liquidity mining rewards:
New Fee Tiers and Trading Campaigns
KyberSwap introduced new fee tiers of 2% and 5% for these yield farms, which previously was 1%. As a result of these new fee tiers, KyberSwap anticipates that $ARB farmers will have opportunities to benefit from the anticipated higher volatility and trading volume during the price discovery phase after the airdrop.
Currently, the $ARB pools at the KyberSwap platform are generating considerable APRs. For instance, the ETH-ARB pair has a current APR of 1757.07%.
As part of its trading campaigns, KyberSwap has partnered with other protocols with a certain amount of rewards. By collaborating with Pomerium Trading and Bob Trading, KyberSwap launched trading campaigns with $5,000 rewards each.
The KyberSwap team plans to reward traders and liquidity providers post-launch, including $ARB and $KNC airdrops and commemorative NFTs. KyberNetwork (KNC) is trading at $0.6896, down 4.79% in 24 hours. On the contrary, Arbitrum ($ARB) is trading at $1.29 with a market cap of $1.634 billion.
What is Kyber Network:
Kyber Network is a multi-chain cryptocurrency trading and liquidity hub that connects liquidity from various sources to enable trades at the best possible rates. Kyber Network can be integrated into decentralized applications (dApps), cryptocurrency wallets, and platforms for decentralized finance (DeFi).
Learn more about KyberNetwork:
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
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Arbitrum Airdrop: Which DAOs Received the Most $ARB?
March 23, 2023
Only projects with a DAO and a community treasury will receive airdrops, with the exception of The Protocol Guild. Factors considered for eligibility include deployment date, multi-chain or native status, transaction volume, total asset value locked, and native liquidity moved.
Empowering Sub-Communities
The $ARB governance token is the first native digital asset of Arbitrum. As part of the platform's airdrop, 11.62 percent of the circulating supply of the token is distributed to early supporters, and 1.13 percent is distributed to developers who build on Arbitrum. This means that 12.75 percent of the token's total supply will enter circulation soon.
According to Arbitrum foundation, the airdrop was not retroactive. It was instead a way to empower sub-communities on the layer2 network to decide how governance is handled locally.
As Arbitrum noted, airdrops would only be available to projects with a Decentralized Autonomous Organization (DAO) and community treasury. Nevertheless, it made an exception for The Protocol Guild, a collection of Ethereum core developers.
How Much $ARB Did DAOs Receive?
When selecting projects for airdrops, Arbitrum evaluated factors including their deployment date and whether they were multi-chain or native to their ecosystem. Additionally, the transaction volume and the total value of assets locked onto the project, as well as native liquidity, are also considered.
Arbitrum airdropped a total of 112.834 million $ARB to DAOs. Following are the top seven DAOs that received the most $ARB during the airdrop, according to a list compiled by Nansen:
- Treasure DAO: Treasure is an Arbitrum-based decentralized network for blockchain-based metaverse projects. Through its NFT marketplace and gaming and staking platform, Bridgeworld, Treasure aims to bootstrap new, decentralized metaverses and support their growth. The Arbitrum Foundation airdropped 8 million $ARB to Treasure, the most ever received by a DAO.
- GMX: On the next line is GMX, which also received 8 million $ARB. With GMX, you can trade both spot and perpetual assets for low swap fees and with close to no price impact. Liquidity providers earn fees from market making, swap fees, and leverage trading via this multi-asset pool.
- Uniswap: Uniswap facilitates automated trading of decentralized finance (DeFi) tokens through its decentralized trading protocol. Token trading on Uniswap is fully automated and open to anyone who owns tokens, while trading is more efficient than on traditional exchanges. Uniswap obtained 4.378 million $ARB.
- Sushiswap: SUSHI is an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. The protocol aims to diversify the AMM market and also add new features not found on Uniswap, such as an in-house token, SUSHI, that rewards network participants. Sushi DAO received 4.249 million $ARB.
- Dopex: The Dopex protocol maximizes liquidity for option writers while minimizing losses for option buyers. Users may deposit base/quote for their respective pools, earn passive income through writing and purchasing discounted options through liquidity pools. A total of 3.863 million $ARB was received by Dopex.
- Curve: Curve manages liquidity using an automated market maker (AMM) on a decentralized exchange for stablecoins. In August, Curve launched a decentralized autonomous organization (DAO), using CRV as its underlying token. The DAO connects multiple smart contracts for users' deposited liquidity using the Ethereum-based Aragon creation tool. Curve received 3.476 million $ARB.
- Radiant Protocol: Radiant has been designed to solve scale, parallelism, and Turing Complete programming problems associated with all existing blockchains. It is a peer-to-peer digital asset system that facilitates direct trade between users without requiring a central authority. Radiant Capital received 3.348 million $ARB.
In addition to these protocols, Balancer, Protocol Guild, CAP, Vest Finance were also among the projects that received most airdrops. The launch of the Arbitrum token is among the most anticipated events in the crypto space this year, especially since it is gaining momentum in the DeFi sector without a governance token since last year.
Arbitrum ($ARB) is trading at $1.32 with a $1.674 billion market cap. According to CoinMarketCap the price of the token fell by more than 88% today, within minutes after it was listed across various exchanges.
What is Arbitrum:
Arbitrum is an Ethereum layer-2 network that enables developers to build and deploy highly scalable smart contracts at low cost. You can use Arbitrum chains to do all the things you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic rollup protocol that inherits Ethereum-level security.
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