BingX Spot Will List Altered State Machine Token(ASTO) Coin

Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-03-04, 10:00:00 (UTC+0).
• Asset: ASTO
• Trading Pair: ASTO/USDT
• ASTO Deposit Time: 2024-02-29, 10:00:00 (UTC+0)
• ASTO Withdrawal Time: 2024-03-05, 10:00:00 (UTC+0)

Altered State Tokens (ASTO) are an ERC-20 token for the Altered State Machine ecosystem

How the ASTO Token is Used

ASTO
ASTO is a governance token for the ASM ecosystem. It's primary use is to enable the DAO to manage and grow the ASM ecosystem over time.
Use Cases
ASTO's use cases are:
  • Governance (creating proposals for, and voting in the ASM DAO)
  • AI Agent Training
  • Minting Agent NFTs within ASM universe worl
  • Minting Agent NFTs within non-ASM universe worlds
  • Powerups, instant improvements, items and skins
Earning ASTO
  • ASTO holders will be able to earn rewards for using their tokens, and for participating in activities in the protocol and games.
  • Agent Owners and World Creators (app developers) will be able to earn rewards for using and growing the ASM ecosystem. These rewards come from the Play-to-Earn pool.
Total Supply
The total $ASTO supply will be 2,384,000,000.
Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.

BingX Spot Will Be Listed Smart Layer Network(SLN) Coin

Dear Users,
Due to popular demand. BingX Spot will add trading pair on 2024-03-01, 09:00:00 (UTC+0).
• Asset: SLN
• Trading Pair: SLN/USDT
• SLN Deposit Time: 2024-03-01, 06:00:00 (UTC+0)
• SLN Withdrawal Time: 2024-03-01, 09:00:00 (UTC+0)

What is Smart Layer Network(SLN) Coin?

The Smart Layer Network will deliver a new wave of digital asset value creation on EVM. It is a decentralized services network that supports all EVM chains and will enable the scaling of Smart Tokens adoption (Executable Tokens and NFTs).
  • Smart Token: Smart Token is a programmable blockchain-based entity that encapsulates business logic, enabling complex interactions with various systems and other tokens in a self-contained, interoperable format.
  • Tokenisation: Tokenisation transforms goods, services, and digital rights into programmable tokens, enabling seamless integration, frictionless market, and user empowerment across digital environments.

Features of Smart Layer

  • Decentralized integration: The project is designed to solve the integration problem in the digital environment, providing a modern decentralized integration layer, fast command processing. This helps prevent website interference by third parties or hackers.
  • Using blockchain technology: Smart Layer uses blockchain technology to create a trusted integration layer, thereby committing to protecting the privacy and safety of participants in the integration and interaction process on the web.
  • Website tokenization: The platform focuses on creating a tokenized web, where token logic can operate without the need for trust. Smart Layer wants to open up unlimited integration and manage token-related operations such as accounting, issuance, withdrawal and expiration… at a single platform.
  • Protecting privacy and security: The project focuses on ensuring user privacy and security during online integration and transactions, while keeping customer data off the blockchain.
  • Scalability: The system is designed to meet the growing needs of partners and end users. The project possesses unlimited scalability and is continuously upgraded by the development team.
  • Encourage community contributions: By using Smart Layer Tokens, Smart Layer encourages service nodes and anchor nodes to participate and contribute resources to the ecosystem. The project's incentive mechanism ensures the stable and strong development of the entire network in the context of countless new projects being born.

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How it works

  • Smart Layer is a token-driven network node service. SLN tokens drive operations, incentivizing nodes to contribute resources and execute service-level agreements. Smart Layer Network operates through three main components:
  • Blockchain: Blockchain provides smart contracts to enforce token transaction rules and maintain storage of evidence and history of transactions and token conversions for later user inspection.
  • Anchoring nodes: Anchor nodes are run by multiple organizations elected by the DAO. Thereby maintaining stability, security and the goal of providing services to users of the entire network. The development team is committed to storing a large number of proof copies online for convenience during user testing.
  • Service nodes: Smart Layer's system includes nodes that distribute work and services through a hash function distribution table. This helps the platform provide TokenAPIs, supporting smoother, more secure integration.
  • Service nodes in Smart Layer receive Smart Layer Tokens to make payments through API and smart contracts. Nodes mount, monitor and maintain network stability, record commitments and audit service nodes. These three components cooperate, increasing flexibility and ensuring the safety and efficiency of the platform.

SLN token information

  • Token name: Smart Layer
  • Symbol: SLN
  • Total supply: 100,000,000 SLN
  • Contract address: 0xDb82c0d91E057E05600C8F8dc836bEb41da6df14

Team

  • CEO and co-founder: Victor Zhang.
  • CTO and co-founder: Weiwu Zhang.
  • Lead developer and co-founder: James Brown.
  • Head of Marketing: Brent Annells.
  • Strategy expert: Mathew Sweezey.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.

Portal (PORTAL) Coin Gets Listed on BingX

Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-02-29, 10:30:00 (UTC+0).
• Asset: PORTAL
• Trading Pair: PORTAL/USDT
• PORTAL Deposit Time: 2024-02-29, 04:00:00 (UTC+0)
• PORTAL Withdrawal Time: 2024-03-01, 10:30:00 (UTC+0)

What is Portal?

Portal is a streamlined gateway to Web3 gaming. It aims to make Web3 gaming accessible and enjoyable for everyone. With over 200 diverse games in its library, they are creating a user-friendly platform that caters to both newcomers and seasoned gamers.

Key Features:

  • Effortless Onboarding: Portal streamlines entry into the Web3 gaming world, welcoming players with varying levels of experience.
  • Enhanced Streaming: The platform fosters a favorable environment for content creators to live stream and engage with their audiences.
  • Universal Access: Players can access Portal games anytime, anywhere, across various blockchains, as long as they have an internet connection.

Portal's early success:

Despite being relatively new, Portal has already achieved promising numbers, including 768 downloads, 1236 hours of playtime, and a 28% user retention rate.

Building a Thriving Ecosystem:

  • Strategic Partnerships: Portal actively collaborates with well-established Web3 projects, expanding its network and offering valuable benefits to all parties.
  • Fueling Innovation: The project supports financially promising games, accelerating their development and enriching the Portal ecosystem.
  • Bridging Communities: Portal aims to connect content creators, streamers, and KOLs, fostering communication and creating opportunities for shared growth and profit.

Benefits of the PORTAL Token:

  • In-game Transactions: Players can use PORTAL tokens for convenient and secure purchases of in-game items.
  • Community Governance: Token holders influence the future direction of the project and currency through voting rights.
  • Rewarding Staking: Investors who stake PORTAL tokens can earn attractive rewards from various funds and platform partners.
  • NFT Marketplace: Portal offers a secure and convenient platform for buying, selling, and exchanging NFTs, minimizing the risk of theft.
  • Platform Utilities: PORTAL tokens can be used in external marketplaces like Magic Eden, and for node purchases that contribute to the ecosystem's growth.

Portal's commitment to accessibility, community building, and innovation positions it as a promising platform for both players and investors seeking a seamless and rewarding experience in the ever-evolving Web3 gaming landscape

Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks, and invest prudently.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.

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KuCoin Referral Code 2024

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What is Best KuCoin App Referral Code

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How can I get my KuCoin app refer code?

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Kucoin Referral Program

You can get the best sign-up bonus in the KuCoin application by applying the KuCoin app referral code: rMGLNGY the KuCoin app has a referral program that rewards the user for referring friends to the service.

Sharing your referral code with your family and friends or followers on social media is a terrific method to generate extra revenue while cutting off their trading commission. You can earn up to 30% of commission from your friend's trading fee through the KuCoin referral program.

How to Refer Friends on KuCoin?

KuCoin has a referral program that allows users to invite their friends to join the platform and earn a commission on their trading fees. Here's how you can refer friends on KuCoin:

  • Log in to your KuCoin account.
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  • Once your friends start trading on KuCoin, you will receive a commission on their trading fees in the form of KCS (KuCoin Shares). The commission rate is determined by KuCoin and is subject to change.
  • You can check your referral status and commission balance by going to the “Invitation Bonus” tab in the “Assets” section of the navigation bar.

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Overview

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Bitrue Power Piggy -20% APR for DOT, NEAR, LINK and SOL holders

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All You Need to Know About DePIN

In recent years, we have witnessed the emergence of many hot trends and movements. These trends include DeFi, Metaverse, GameFi, NFTs, AI, and meme cryptocurrencies. Currently, the latest trend seems to revolve around meme cryptocurrencies. However, many have noticed a rising star known as DePIN. So, what exactly is DePIN? What are some examples of DePIN, and what are the benefits and limitations associated with this type of token? This article will explore all of that.

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What is DePIN?

Decentralized Physical Infrastructure Networks (DePIN), also known as DePIN, have become a new trend in the cryptocurrency space. DePIN refers to new networks that utilize tokens as a motivator for the community to build physical infrastructure. This is where DePIN differentiates itself from traditional cryptocurrencies because DePIN requires some form of physical hardware.

DePIN also employs tokens or coins to incentivize people to participate in the network and contribute to building the infrastructure from scratch. This leads to the creation of “Real-World Dapps.” DePIN utilizes blockchain technology to merge real-world physical infrastructure with permissionless and trustless hardware networks.

While DePIN has the potential to deliver faster results compared to traditional companies due to significantly lower initial costs, almost no barriers to entry, and financial components in the form of incentives for anyone participating in the network, DePIN also represents a slow revolution. In the long run, it can empower users and network participants with ownership and control, while providing them with opportunities to earn hundreds, if not thousands, of dollars annually.

In summary, DePIN is a decentralized network dividing traditional physical hardware infrastructure that requires significant capital. They also allow anyone to become an operator or hardware provider, thus solving the liquidity problem through token-encoded incentives and peer-to-peer markets.

The Importance of Token Incentives: Token incentives play a vital role in two stages throughout the entire process. First, DePIN uses tokens to incentivize people to participate in the network from the beginning, aiding the project's initial launch. Second, it motivates new users to join afterward as the network effect ensures the earlier they participate, the better their financial outcome.

Looking Back at the History of DePIN

The spread of DePIN may appear fresh, but there have been various similarities in the past. Projects like Helium and Filecoin, created in 2019 and 2020 respectively, can be considered early examples of DePIN. However, it wasn't until late 2022 that these tokens were specifically labeled as DePIN in Messari's research report and through a Messari Twitter poll.

https://twitter.com/MessariCrypto/status/1588938954807869440?s=20

Prior to that, the projects currently classified as DePIN were referred to by different names such as EdgeFi, Proof-of-Physical-Work (PoPW), or Token Incentivized Physical Networks (TIPIN). Thus, determining the true origin of this segment is challenging. However, Messari decided to consolidate all these names into a common group and started classifying all these projects under the same new acronym – DePIN. Since then, the popularity surrounding these projects seems to have only grown. Many have claimed that DePIN is a real-world use case and innovation that blockchain technology can bring. Some have even gone as far as declaring it as the only case. However, in reality, these projects operate differently.

Types of DePIN

According to the previously mentioned Messari report, when referring to DePIN, people usually describe projects falling into one of the following four categories:

Cloud Storage Networks: Including file storage, servers, VPN networks, or CDNs. Wireless Networks: Community-driven networks, which may include technologies like 5G or LoRaWAN. Sensor Networks: Anything from weather to mapping, including real-time data collection through sensors. Energy Networks: Primarily distributed electricity grids. These are just the main categories described by Messari. However, that doesn't mean the potential of DePIN is limited to these four categories. As we'll see in the later benefits section, DePIN has a long list of potential advantages that can be applied to anything, where the four main factors (hardware, hardware operators, tokens, and users) in DePIN will be present.

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How Does DePIN Work?

For DePIN to function correctly and smoothly, there need to be four different participating entities or parties in the network. They are:

Hardware: A physical component connecting the network to the physical world. Hardware Operators: Individuals who purchase or lend their hardware in the process of connecting to a specific network. Token: A form of financial incentive, often a specific cryptocurrency of the project. Tokens are rewarded to hardware operators based on established rules set by the project. Users: Last but not least, DePIN requires users within the infrastructure to utilize the network's hardware. These are people willing to use and pay for the solutions and services provided by DePIN. If any of these entities are missing in any business model or DePIN concept, the project can become immediately threatened or fail. Similarly, if there aren't enough entities present in the project's initial stage, its future becomes uncertain and risky.

Specific factors such as reward size or hardware barriers may vary from one project to another. Therefore, they can be difficult to categorize or divide into specific groups. However, identifying which projects fall into the DePIN world becomes relatively straightforward.

Examples of DePIN

As mentioned earlier, the history of DePIN is quite elusive. One can speculate about the first DePIN projects or the history of this cryptocurrency subsector as much as they desire, but that won't change the fact that there are projects within this category. While the list of these projects is extensive, with Helium arguably being one of the first projects, we'll only briefly summarize a few of the most well-known projects that can be classified as DePIN.

  • Filecoin (FIL) is a project that provides cloud storage services similar to Google Cloud or Amazon Web Services in Web2. It offers a decentralized and secure storage solution incentivized by the FIL token. Filecoin connects those in need of data storage space with individuals who have spare hard drive space.
  • Dimo (DIMO) is a project that provides media and user-driving data marketing capabilities. After users download the Dimo app, they can choose what information about their vehicle (such as battery health) they will share, and they are rewarded with DIMO tokens. There is a significant automotive market for various entities such as ride-sharing apps to purchase access to this data and improve their operations.
  • Hivemapper (HONEY) is a decentralized mapping platform built by users with cryptocurrency-enabled cameras mounted on cars. It aims to recreate Google Street View but in a decentralized manner. Users drive with these cameras and generate GPS-related image data that can be financially rewarded with HONEY tokens.

Clearly, the DePIN world contains many more projects. Among them, we haven't mentioned Storj, Sia, Pollen, React, or Arkreen, just to name a few examples. These projects vary primarily based on the field or type of network they aim to operate in. For example, while Storj and Sia belong to storage networks, Pollen falls under wireless networks, and React and Arkreen belong to energy networks.

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The Long List of DePIN Benefits

The trend surrounding DePIN is becoming increasingly realistic each day. It seems that DePIN has the potential to become another acronym representing a phase of interest, where everything related to DePIN will experience significant value appreciation, similar to what we have seen with ICOs, DeFi, Metaverse, or NFTs.

However, that doesn't mean DePIN doesn't come with any benefits. On the contrary, here is a list of just the remarkable benefits that cannot be ignored in any conversation about DePIN:

Scalability: DePIN has the potential to scale much faster than its traditional counterparts. Some argue that their infrastructure can be built ten to a hundred times faster simply due to the decentralization among network participants. Furthermore, DePIN can scale globally in a permissionless manner, making it a more attractive solution with fewer barriers in the future. Cost Efficiency: The same principle of scalability also applies to cost-efficiency in production. The distribution among various market participants can ensure significantly cost-effective solutions compared to traditional alternatives. Uncensorability: If developed and deployed correctly, DePIN can be challenging to censor. With no single entity responsible for the project, it means regulatory bodies or governments cannot use this network for censorship. This is also due to the notion of collective ownership, a key assumption of DePIN. Collective Ownership: Speaking of collective ownership mentioned earlier, DePIN makes the interests of investors and stakeholders align harmoniously. This not only helps drive rapid adoption and development but also ensures that projects and solutions are better aligned with the needs of local markets. Integration with DeFi: Thanks to its decentralized and permissionless nature, DePIN can also foster innovation and improvements in the cryptocurrency world. It can support seamless micro-payments and integration with DeFi precisely because it's not limited like most traditional infrastructure solutions. Additionally, DePIN can offer more flexibility and versatility in the development and deployment stages. The barriers to entry for project participation are also expected to be lower compared to traditional solutions. The potential benefits list also includes self-reinforcing growth loops, community reinforcement, ownership, or custodial responses.

Limitations of DePIN

While the benefits of DePIN are evident, there are also challenges and limitations that need to be clearly defined. Some of these limitations are more theoretical, while others have been observed in the real world with certain projects. Some potential limitations of DePIN include:

Incentive Model: Many argue that the incentive model of DePIN has a high dilution, leading to false promises or enrichment for founders and members of the DePIN team. Intense Competition: Some may argue that the DePIN subsector is relatively small and has plenty of room to grow, thus lacking significant competition in the market. And while that may be true, the reality is that most new DePIN projects will compete against established giants like Amazon, Microsoft, or Google. It cannot be denied that it's a much more fierce competition. Failed Efforts: Helium and Filecoin, arguably the two most well-known cryptocurrencies in this space, experienced tremendous success in the bullish market of 2021. However, since then, both projects have faced difficulties, including opposition and accusations of market manipulations or blood-related relations. Like any cryptocurrency portfolio or subcategory, there are always drawbacks, not just benefits. The three limitations mentioned above are just some of them. However, over time, it will become evident that there will be many more limitations discovered as various projects attempt to dominate this emerging world of DePIN.

Conclusion

DePIN is becoming a new trend in the cryptocurrency world. Some have proposed that they have the potential to become a phenomenon similar to ICOs, DeFi, or NFTs. However, regardless of their tremendous potential and the incredible list of benefits they can bring to people, they will need to prove themselves. Most of these projects are either in their early stages or not significantly successful, meaning upcoming DePINs won't find success easily.

BingX Expands Market into the Middle East and North Africa Region

BingX, a leading global cryptocurrency exchange, is pleased to announce its decision to further expand into the Middle East and North Africa (MENA) markets. This strategic move is part of BingX's ongoing commitment to provide innovative and reliable trading services to users worldwide. By investing in these vibrant markets, BingX aims to connect with a larger user base and promote the adoption of cryptocurrencies in the region.

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BingX Expands into Middle East and North Africa Markets

BingX has established itself as a prominent player in the cryptocurrency industry, offering a comprehensive range of services, including spot trading, derivatives, copy trading, and grid trading. With over 5 million users across 100+ countries and regions, BingX is striving to enhance the trading experience further with advanced solutions for its global user base. Notably, BingX is renowned for its commitment to user satisfaction, transparency, and innovation. The core focus of BingX's operations is relentless dedication toward revolutionizing the cryptocurrency trading experience. BingX envisions expanding the accessibility of cryptocurrencies and making these assets more user-friendly, catering to individuals from all walks of life. With the goal of becoming the “gateway” for billions of cryptocurrency users, BingX aims to foster comprehensive financial inclusivity and broaden the widespread adoption of digital assets worldwide.

With an impressive presence in Asia, Europe, and the Americas, BingX has positioned itself as a reliable platform for users across various continents. Now, the decision to expand BingX into the MENA markets is driven by the platform's strategic vision and commitment to global growth. The MENA region has witnessed a significant surge in interest in cryptocurrency usage, with an increasing number of individuals and businesses seeking reliable and secure platforms to trade digital assets. BingX recognizes the immense potential in this market and aims to meet the growing demand of cryptocurrency enthusiasts in MENA.

BingX will bring its strengths to the MENA market, including a robust infrastructure and advanced trading tools supporting a wide range of cryptocurrencies. By expanding into MENA, BingX will provide local traders with a seamless trading experience equipped with comprehensive features, enabling them to explore new investment opportunities and navigate the cryptocurrency landscape with confidence.

As part of its commitment to delivering an exceptional trading experience and fostering a vibrant cryptocurrency community in the MENA region, BingX is proud to introduce the BingX Partner Program. Through this program, local partners will benefit from higher-than-industry-standard commission rates. By combining BingX's reputable position as a leading cryptocurrency exchange with the local expertise and profound knowledge of its partners, the launch of this partner program is highly anticipated. The BingX Partner Program will provide tailored solutions and services to cater to the specific needs and preferences of MENA traders.

Elvisco Carrington, Director of PR and Communications at BingX, stated:

“We are thrilled to introduce BingX to the Middle East and North Africa market. As the demand for cryptocurrencies continues to rise in the region, we are committed to providing a reliable and user-friendly platform that meets the specific needs and preferences of MENA users. This expansion decision is a testament to our commitment to global accessibility and our vision for revolutionizing how people trade and invest in cryptocurrencies. We are excited to engage with vibrant markets and collaborate with local partners to create shared value.”

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About BingX:

BingX is a leading cryptocurrency exchange providing spot trading, derivatives, copy trading, and grid trading services to over 100 countries and regions worldwide, with over 5 million users. BingX continues to connect users with professional traders and the platform in a safe and innovative manner.