- Coinolly : Crypto News & Updation

13May

By Alphonso BernierNo Comments

Press Release

Venus Upgrades its Oracle Mechanism to Chainlink Across All Lending Markets

Following increase in TVL, Venus replaces previous oracle solution with Chainlink network to achieve maximum data feed security Today, Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), with over $11 billion total value locked (TVL), has now fully upgraded to Chainlink as its sole oracle solution. With Venus, lenders can provide liquidity on various assets to earn interest via an algorithmic money market. Said market is powered by price data from oracles, which determines the value of underlying collateral lent and borrowed by users, enabling both loan issuance and loan integration. Going forward, lending markets on the Venus protocol will leverage Chainlink to price collateral during both loan issuance and liquidation processes, ensuring Venus i...

Deeper Network Inc. to Launch IPO of Limited-Edition NFTs for Equity Subscription

Deeper Network combines blockchain, network security, and sharing economy to create the global peer-to-peer network Deeper Network Inc, the decentralized internet infrastructure for Web 3.0, is announcing the launch of an IPO. The IPO will be issuing limited-edition NFTs that represent equity subscriptions. These NFTs represent a great opportunity for potential investors to share in the future profits of Deeper Network. 50,000 NFTs will be issued at $2,000 each, proving another use case in the exciting development of NFTs. Overview The hottest digital currency derivative this year, NFTs represent ownership of unique and scarce items. Their non-homogeneity and indivisibility allows them to be bound to some commodities in the real world. These commodities include artwork,...

CryptoUnit Project Fraud

As a lot as we’re all conscious of the prevalent nature of scams on the web, it’s an eyesore to see folks fall for these items. However hey, folks should pay payments, even with out holding down jobs. The unlucky factor about these scams isn’t the outrageous claims made, however the gullibility of the victims. It’s unhappy, but annoying that individuals aren’t doing sufficient analysis earlier than investing in scams. Not all initiatives are scams. There are real companies providing the general public a small stake for much-needed funding. But, there are these initiatives with large ROI that you must have a look at twice to make sure you’re not dreaming. If it seems too good to be true, it’s a entice. Then there’s the brand new faculty rip-off that has infiltrated blockchain and ...