What is dYdX (DYDX)? | DYDX Token Explained in Under 60 Seconds
dYdX Exchange - dYdX is a decentralized exchange (DEX) that uses smart contracts to offer perpetual trading, margin trading, & spot trading. Lending & borrowing is also supported on the platform.
dYdX Token (DYDX) - The dYdX ecosystem is powered by its governance token DYDX. The DYDX token is used for rewards, staking and protocol governance.
Search All Crypto Tokens (Name or Symbol) ▶ CDRCrypto.com
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Exchange Trading - The dYdX exchange provides users with 3 trade offerings (perpetual, margin, & spot), with cross-margining across perpetual accounts.
Perpetuals on Layer 2 - dYdX partnered with StarkWare to provide a Layer 2 scaling solution for perpetual contracts. Provides up to 25x leverage on synthetic assets.
Spot / Margin Trading - As one of the most liquid and highest volume DEXs, dYdX exchange offers Layer 1 margin trading & spot trading with up to 5x initial leverage.
Lending / Borrowing - Lending and borrowing is also supported on dYdX. Deposit funds to start lending to the protocol, or borrow supported assets directly to your wallet.
WEBSITE: https://dydx.exchange/
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What is Gala Games (GALA)? | Gala Coin Explained in Under 60 Seconds
Gala Games provides a blockchain gaming platform focused on providing easy to play, fun games that allow players to own and trade their in-game assets.
Gala Token (GALA) - The Gala Games ecosystem is powered by its native utility token GALA. GALA coins are used for transactions and to reward Founder’s Node operators.
▶ Search All Crypto Tokens (Name or Symbol) http://cryptodefirevolution.com/
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In-Game Item Ownership - Unlike other games, players truly own their in-game items (skins, weapons, etc.). Items are verified assets on the blockchain that can be used in-game or traded.
Non-Fungible Tokens - All in-game items exist on the blockchain in the form of NFTs. This provides players with complete ownership, and the ability use items in other games inside the Gala Games ecosystem.
Vox (NFT Avatars) - VOX is the set of collectible NFT avatars, each with its own unique characteristics. VOX holders can earn VOXcoin by playing games with their VOX avatar.
Founder’s Node - Users can run Founder’s Nodes to earn GALA coins, participate in voting, enable the ownership of ecosystem assets, and support the decentralized gaming network.
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What is Kalata (KALA)? | Kalata Token KALA Explained in Under 60 Seconds
The Kalata Protocol (KALA) provides a decentralized platform for derivatives trading (stocks, commodities, etc.), and mortgage lending with synthetic assets.
Kalata Token (KALA) - The Kalata protocol is powered by its native BEP-20 standard token KALA. Used for asset tokenization, payments and platform governance.
▶ Search All Crypto Tokens (Name or Symbol) http://cryptodefirevolution.com/
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The Kalata Exchange supports user-friendly derivatives trading with zero slippage & unlimited liquidity. Risks can be hedged by holding synthetic asset tokens.
Synthetic Asset Tokens - The Kalata synthetic asset agreement allows users to lock up collateral to generate synthetic asset tokens (tokenized assets). Collateral thresholds ensure system solvency.
Cross-Margining - State-of-the-art cross margining is supported by Kalata to provide maximum capital efficiency. Margining (margin lending) allows traders to finance trades with credit.
Kalata is built on Binance Smart Chain to provide higher performance and lower transaction costs. Synthetic assets can be generated from BUSD.
WEBSITE: https://www.kalata.io/
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What is Firo (FIRO)? | FIRO Coin Explained in Under 60 Seconds
Firo coin (FIRO) is a private digital cash that provides the highest level of anonymity without sacrificing usability in order to ensure freedom of commerce.
Burn Coins - Firo allows users to burn coins (destroy) so they no longer exist. This cuts the link between addresses so transaction history cannot be traced.
▶ Search All Crypto Tokens (Name or Symbol) http://cryptodefirevolution.com/
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Redeem Coins - Coins can be redeemed by providing a ‘zero-knowledge proof’ that you initially burnt the coins. New coins are issued with no previous transaction history.
Lelantus Protocol - Lelantus is the decentralized anonymous payment (DAP) protocol that ensures the origin and amount of blockchain transactions are private.
Dandelion Technology - Dandelion++ protects your IP address by shuffling transaction broadcasts between nodes in a random number of steps to prevent tracking.
Merkle Tree Proof (MTP) - The Merkle Tree Proof (MTP) memory-intensive mining algorithm promotes egalitarian mining while maintaining fast verification.
WEBSITE: https://firo.org/
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What is Tezos (XTZ)? | Tezos Crypto Explained in Under 60 Seconds
Tezos is a secure, upgradeable, open-source blockchain network that can run complex smart contracts and decentralized applications (DApps).
Tezos Coin (XTZ) - The Tezos network is powered by its native coin XTZ, also known as ‘tez’. Used for interacting with the network and protocol governance.
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Smart Contracts & Formal Verification - Developers can create smart contracts representing real-world value (financial assets, ect.) with formal verification. Developers can use formal verification to mathematically prove the program code performs correctly.
Self-Amendment (Futureproof) - With self-amendment, Tezos can upgrade itself without the need for a hard fork. This reduces protocol upgrade costs and allows for the seamless integration of future innovations.
Liquid Proof-of-Stake (PoS) - Any Tezos stakeholder can delegate tez coins to earn rewards by participating in the consensus process, without any lock-in or freeze mechanism.
Baking - The Tezos ledger is secured with the ‘baking’ PoS consensus mechanism, which ensures all block transactions are correct and prevents double-spending.
WEBSITE: https://tezos.com/
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What is Zano Coin (ZANO)? | Zano Crypto Explained in Under 60 Seconds
Zano coin is a scalable, secure, and truly anonymous Cryptonote cryptocurrency designed for use in e-commerce. All transactions made with Zano crypto are untraceable and unlinkable.
Private Transactions - Ring signatures and stealth addresses allow for untraceable transactions on the Zano network. Only authorized parties can view the transaction data stored on the Zano blockchain, and private data is never published publicly.
▶ Search All Crypto Tokens (Name or Symbol) http://cdrcrypto.com
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Hidden Wallet Balance - With anonymity hard-coded into its core, Zano conceals all sending & receiving address balances to provide the highest level of privacy to Zano users.
With innovative technology and features such as Multisig, Escrow Service (P2P Contracts), Aliases, and Purchase API’s, Zano provides the framework for a secure and private ecommerce solution without the need for a trusted third party.
Zano is optimized for peer-to-peer (P2P) transactions with its reliable, secure, flexible, and scalable blockchain. Network efficiency is powered by key code design features such as forward & backward compatibility, component-based modular structure, and asynchronous core architecture.
Hybrid PoW/PoS - A hybrid PoW/PoS algorithm balances out the consensus process. The combination provides advantages of both processes to protect the platform from double-spend attacks.
WEBSITE: https://zano.org/
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What is APENFT (NFT)? | APENFT NFT Explained in Under 60 Seconds
APENFT (NFT) supports the growth of NFT artists by registering world-class artworks as NFTs (non-fungible tokens) on blockchain. Both traditional & NFT artworks are purchased as underlying assets.
APENFT Token (NFT) - The APENFT governance token NFT is used for staking, rewards, event participation, DeFi ecosystem growth, and voting on platform decisions.
▶ Search All Crypto Tokens (Name or Symbol) http://cryptodefirevolution.com/
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APENFT democratizes artwork by turning top artists and artwork into NFTs. This revolutionizes how artwork is exchanged and allows access to everyone.
NFT artworks are made into unique ERC721 /TRC721 tokens on-chain. Records of the artwork are permanently stored on the Bittorrent File System (BTFS)
network. Files are stored permanently on the internet.
NFT Fund - APENFT established a dedicated NFT fund to top traditional and NFT artworks as underlying assets. The fund invests in and supports quality NFT, GameFi & Metaverse projects.
Core members of APENFT include top names in the NFT industry such as Christies’s and Sotheby’s. Beeple (most popular NFT artist) is also on board with APENET.
WEBSITE: https://apenft.org/
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What is Celer Network (CELR)? | CELR Coin Explained in Under 60 Seconds
Celer Network (CELR) is a layer-2 blockchain scaling platform for secure off-chain transactions, and the development of highly scalable blockchain applications.
The Celer Network is powered by its native utility token CELR. CELR coin is used for transactions, State Guardian Network participation, and other layer-2 services.
▶ Search All Crypto Tokens (Name or Symbol) http://cryptodefirevolution.com/
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Interoperability - As a platform-independent layer-2 scaling solution, Celer Network can operate across various layer-1 blockchains that support smart contracts.
Layer-2 Scaling - Celer Network transactions are moved to the layer-2 off chain systems instead of broadcasting through a consensus process. This allows horizontal scaling, faster speed, and better performance.
The Celer State Channel provides the network with frictionless bridging of multi-chain & cross-layer assets, instant transaction settlement, and real-time interaction.
Celer Rollup is a separate (faster) rollup chain linked to layer-1 blockchain that stores its own data & makes computations, enhancing layer-1 blockchain scalability for DeFi & other applications.
The Celer State Guardian Network is the decentralized watch tower layer that enhances user experience and provides security for State Channel & Rollup components.
WEBSITE: https://www.celer.network/
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What is EOS Coin (EOS)? | EOS Coin Explained in Under 60 Seconds
EOS is a flexible, transparent and resilient public blockchain which allows users to develop real-world decentralized apps (dApps).
EOS Coin (EOS) - The EOS network is powered by its native cryptocurrency EOS. Holders can use EOS for staking, voting, and the EOS PowerUp Model.
Search All Crypto Tokens (Name or Symbol) ▶ CDRCrypto.com
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EOSIO Blockchain Platform - EOSIO is a highly performant open-source blockchain platform that supports the EOS public network. Allows developers, institutions, and others to build with fast transaction speeds and low costs.
EOS Ecosystem - Developed by Block.One, EOSIO uses smart contracts to enable transaction layer infrastructure for security and permissions. EOS is the independent PoS blockchain network build on the open-source framework of EOSIO.
Block.One - EOSIO was developed by Block.One, which is known for producing highly scalable, high-performance, open-source software solutions to merge blockchain technology with large-scale enterprises.
The EOS PowerUp Model - The EOS PowerUp Model is a resource allocation model on the EOS Public Blockchain that allows users to pay a fee to ‘power up’ accounts to transact on the network. Idle tokens can also be deposited to receive a percentage of the power up fees that are generated by the entire EOS blockchain network.
WEBSITE: https://eos.io/
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