TronWeekly

Crypto World News

You are here: Home / Archives for Cryptocurrency

Cryptocurrency

PumaPay to migrate from Ethereum to Binance Smart Chain, introduce liquidity pools

by

PumaPay, the comprehensive cryptocurrency payment solution, announces the upcoming launch of V3.0, which moves its operations from Ethereum to the Binance Smart Chain (BSC)—the first crypto payment solution to do so. The move to BSC includes the introduction of a bridge between the two networks, enabling utilization of a wider set of tokens and cryptocurrency for payments, and opening new liquidity pools with automatic swaps.

Ethereum, for a long time known as the industry-leading platform in blockchain development, has become unscalable for many developers. With soaring gas fees and a slow block processing rate, PumaPay’s service to its customers became untenable on Ethereum’s network. In the spirit of maintaining the original vision of decentralization, boosting payment flexibility and protocols, and building liquidity, PumaPay is shifting to BSC to expand its existing protocols for its customers.

img

PumaPay utilizes the PullPayment Protocol that alternates the peer-to-peer system of crypto payments from a push to a pull protocol. PullPayment affords merchants capabilities unique to PumaPay, such as recurring billing—which allows merchants to bill for subscriptions and is the only payment solution on BSC offering this payment option. The new platform on BSC will offer a host of new opportunities to customers and users on the Binance Smart Chain, in addition to faster transaction speeds and cheaper gas fees.

Wider token diversity: Using PumaPay’s token (PMA) as a mediation coin, merchants will be able to select a settlement currency of their choice for each billing model, while users will have the option to subscribe with various tokens that are supported by BSC. Merchants and users will be agnostic to each other’s choice of coin.

Liquidity pools: To power the support for a wider number of cryptocurrencies for payments, PumaPay is introducing liquidity pools to enable swaps between PumaPay’s token and other cryptocurrencies. Liquidity providers will enjoy swap fees.

Total decentralization: Transfer of transaction processing duties to network “executors,” who will be paid by merchants, which will foster a more decentralized crypto payment ecosystem. Merchants will be able to run executor nodes, allowing them to save on fees, and earn for processing other merchants’ transactions.

hjCommunity 3.0: PumaPay’s V3.0 will include bottom-up measures that allow for more community participation in promoting the project with ambassadorship and referral opportunities.

“We are excited for the new V3.0 vision, our move to Binance Smart Chain, and the latest upgrades that we can offer to merchants who use our payment solution,” says Yoav Dror, CEO of PumaPay. “With our new liquidity pools, bridge, and decentralization model, we believe PumaPay is creating, as the first crypto payment solution on BSC, a model system for others to follow should they opt to shift from Ethereum to Binance.

XRP [XRP/USD] Price Analysis: Crypto Breaks Records as Bull Surge Elevates Price

by

The cryptocurrency market has been on an upsurge of late as prices continued to skyrocket. Bitcoin, the world’s largest cryptocurrency set the bullish path in stone after crossing the $60,000 mark. Following BTC’s climb, other altcoins such as XRP and Ethereum also witnessed significant upticks.

XRP slowly but surely hushed its naysayers when the cryptocurrency’s price climbed above the $1 mark to settle near $1.4. Ripple’s native token is expected to rise further as more developments take place on the Ripple blockchain.

At the time of writing, XRP was trading for $1.34 with a total market cap of $60.48 billion. The latest surge also boosted the cryptocurrency to the 4th rank on the charts. XRP’s 24-hour market volume hit $15.69 billion after an 86.65 percent price spike. XRP is still ways behind Binance Coin which held a market cap of $87 billion.

A technical analysis showed that XRP’s best performance in over two years could be owed to the adoption of the Ripple blockchain by several major banks and institutions. The current resistance held at $1.38 while the immediate support ventured near the $0.9 mark.

xrp 1 day

XRP’s Relative Strength Index indicator had climbed above the overbought zone. This was a sign that more people were buying XRP while placing trust in the blockchain’s power. The RSI had climbed above the threshold for the first time since December 2020. The positive RSI marker went hand in hand with other indicators which also sided with the bull.

The Chaikin Money Flow indicator shot above the zero line for the first time this year and held a steady state for more than 72 hours. According to the CMF, the capital coming into the XRP market was more than the capital leaving the market. As long as the marker keeps ticking green, XRP is bound to see better pastures soon.

Bitcoin Plunge to $50,000: Factors responsible & What to expect in coming weeks

by

The past 3 weeks for Cryptocurrency traders and investors have been a roller coaster Ride, with the carriage on a continuous descent and hearts threatening to leap out of chests. 

Last week saw Bitcoin traded for as low as $50,500 on cryptocurrency-exchange Bityard, this price follows a continuous dip in the price of Bitcoin from an all-time high of $61,000, this is a 17% drop in value. 

This price dip wasn’t expected and was as a result of certain external factors whose cumulated effect led to the drop

Factors Responsible

• The first significant price slippage occurred on the 15th March after the Indian Government announced a plan to ban/regulate cryptocurrency in the country. This resulted in a selling frenzy, with many Cryptocurrency investors and traders in India rushing to convert their Bitcoin to cash, wish resulted in a selling cascade involving investors from different countries. This dropped the price of Bitcoin from $60,000 to about $53,000.

• It staggered back up to $58,000 only to suffer another drop to $55,000 on the 22nd of March after being lauded by American Federal reserve chairman Fed Powell Chair, where he said Bitcoin was too volatile and wasn’t a replacement for the dollar.

This was followed by a significant improvement to about $57,200, after Tesla CEO Elon Musk tweeted Tesla products could now be officially purchased with Bitcoin.

• But that wasn’t the end, this was followed by a drop to about $51,000, which was caused by a huge amount of sell orders liquidated on cryptocurrency-exchange Bitmex triggering massive sell-offs that took the price of BTC to as low as $50,300. 

The price of Bitcoin has since bounced back as Bitcoin now trades for $57,000 on world leading Cryptocurrency-exchange Bityard. 

What to Expect in the Coming week?

The recent dip, posed an important test Bitcoin had to take, the testing of the 50,000 mark which previously was a crucial psychological resistance, turned support. The price movement which held firm at the  $50,000 mark, despite the constant incursions, shows a strong support and one can expect Bitcoin to hold above $50,000

This is expected to inspire more confidence in long-term investments in Bitcoin and stimulate more buy orders. This will invariably lead to an increase in the price of Bitcoin.u0H1mOSN3u7wOTnyot8J50Hz7b74e KZgKIro0 vSy4M5hlIjlxDUPz ejxTxYT8IiP1loA K7kdnUGnw8aV6SR9gIegQq9PCvZ80eCGB eGu2WlO09mAjNKjTRCTdqSJwvsTja6tPah7Ug6Jw

Based on technical analysis:

Technical analysis shows a potential continuous bullish trend to the upside. As shown on the Chart above, the support levels at 50k holds strong and has not been broken, although price ejected on touching the 50k support zone, we are still expecting price to revisit this area before moving strongly to the upside

To buy Bitcoin, we recommend world leading cryptocurrency exchange Bityard.

BITYARD

A secure and well-regulated exchange, with a simple platform designed with beginners in mind.

All you need do is register, deposit funds, click on the spot trading page and buy whatever amount of Cryptocurrency you want. And then hold till you decide you’ve made enough returns.

Another investment option is the Copy trade option available on Bityard. This trading option allows users make money from following expert traders, who contract trade digital assets. In this option investors can make profit from either direction of the market (when prices go up or when they come down).

Bityard offers the best prices on the market for any digital asset and has additional features which include a free daily mining option for users that allows you to get free tokens daily, when you mine them on the exchange’s app.

To register on Bityard and trade Ethereum or Bitcoin click on this linkc

A simple and practical Guide to copy trading on Bityard

by

cRD O6Nw2W443UxFlaDZLAV8Z38j A1AeS13hR MR28Hw9j8uMXCGWc mw1W3Ax2EUtV58m7ir6ObNlRQf5db0X6MC4ykjbEFOloqEYZpcszQf9DhgaI

Copy Trading is the latest innovation on the cryptocurrency market. An entirely unique trading method, that allows users to benefit from the experience of expert traders and make profit from their knowledge.

The copy trading option is designed for beginners who have not learnt how to trade. In the copy trading option, you do not need to be an expert on cryptocurrencies to make profit on them, in fact you do not need to know much about Cryptocurrency trading to make money, all you need do is follow expert traders with an amount of capital and make money off their trades.

The copy Trading option also provides beginners interested in cryptocurrency trading, with an opportunity to learn, as they are able to observe the trades made by experts they follow, and this gives them a chance to analyse successful trades and incorporate the expert’s trading style.

Bityard a fully licensed and regulated exchange is one of the very few elite Cryptocurrency-exchanges that have pioneered the copy trading option and is the best pick for beginners who want to start copy trading.

A Step by step guide to the copy trading process

Registration:

The first step is to register on Bityard this is a very simple process and will not take more than a minute. To register, click here to input your email after which a verification code will be sent to your email.

Next you put a password of your choice, preferably a combination of letters and alphabets and one with good security. You click register and that’s it, your account is ready. Follow this Link to register.

Deposit:

The next step after registration is to fund your account.                                The bityard trading platform supports deposit via different Cryptocurrencies. 

For mobile users, to deposit into your account, look at the bottom right corner of the page, you will see an icon labelled assets

 click on it, then go the top left corner of the page that is opened, you will see an option of account and assets, click on the assets option, this will bring out the asset management page, there you will see a deposit option. 

Click on the deposit option, this opens a page with a list of Cryptocurrencies you can deposit, pick your desired Cryptocurrencies, copy the wallet address. Deposit into the wallet address and you’re set to go

vqcuDyNtT84iKz KezESsfejDKG2ABiqC zqsmCe s2 jBY7zfAUbToiPNmj mBtNZ4BzeJwCCa CjLNBOXM4y2hFj6d2ck1 k9iQ3NoRDiXnm8Zq17qJXVUE8qmGXyimhrQ3dU

Note: The minimum deposit is 15USDT.

For PC users  after you login, at the top of the page you will see an asset option, click on it and it will bring a Dropbox with the deposit option, click on deposit, select a cryptocurrency of your choice, copy the address and deposit into the address.

5pyOQaiHGSxgsIkyMKp1URwAVQJHzVHNDJ3oLNWyr tuL7IzzQf6ZWfX4C1xk2Lmqi3Wn3FsUYmk

Pc web version deposit page

Choosing a Trader:

After you have deposited funds into your account, you can now choose a trader of your choice

Simply click on the Icon for the copy trade option. This opens the page for the list of traders. Each trader has statistics that show a trader’s performance and helps you better understand the trader’s trading style or pattern.

sSB3G6lIr Pe26jXDGe gug6bvotoYXHDRVGad y2PG2uU3Auk59nRXOI5SSahXPCV1ANVd0tLOX 0g4690K6luJPqhhwVpcrw4dtI

Here I will explain what each Stat means and what it signify.

Win/rate 30D : shows the number of positive completed trades in the past 30days, that is the number of trades that end as the trader predicted. A higher win rate signifies that most of the trades, made end successfully.

30D Total trades: Shows the number of trades a trader has made in the last 30 days. A higher number signifies the trader is a frequent trader, a lower number shows the trader trades seldom

P/L ratio 30D: shows the percentage of profit as opposed to loss made by a trader. A positive percentage signifies that a Trader has made profit overall in the last 30 days, a negative percentage signifies that overall in the last 30 days the trader has made loss. 

Profit Rate: shows the percentage profit on the capital. A higher percentage signifies a trader makes a high profit on average.

Accuum followers: The number of people who copy a particular trader. A higher number shows a lot of people are comfortable with the trader and might reflect good trading skills

Profit share: The percentage of the profit the trader takes as his trading fee, when you copy him/her.

After going through the list of traders and finding one whose statistics are favorable to you, the next step you take is following the trader.

Following a Trader:

After choosing a trader and clicking on the follow option, a page showing the trading settings pops up. 

Amount: Allows you to set the amount that is to be used for each trade copied from the master trader. When setting the amount, you consider your general principal/investment and you set an amount that will allow you copy the trader even if he/she opens multiple trades at once.

Note: Maximum copy amount per trade is 400USDT

Daily margin: Allows you set a limit for daily trades. Once the trader makes those amounts of trades in a day, you automatically stop copying for the day

Stop loss ratio: Allows you to set a percentage of loss that is allowable in a trade once a trade reaches that amount it automatically closes. If this is set to unlimited then the trade closes whenever the master trader decides to close the trade.

Note: all trades automatically close at a 90percent loss rate.

After all these have been set, you click copy and start making money.

You can always choose to unfollow/stop copying a trader at anytime you choose.

You can also follow more than one trader, but when following multiple traders, you do so with respect to the amount of capital you have, to ensure a smooth and successful trading process.

Click this Link to register and Copy trade on Bityard.

2gether launches 2GT utility token internationally on Bounce

by

The past few months has seen the cryptocurrency market perform better than most traditional assets out in the world. This positive sentiment has been a key factor contributing to new developments and innovations in the space. 

2gether, the popular collaborative cryptic trading platform, was the latest player to shake things up in the industry with the listing of its 2GT token on Bounce, a decentralized platform that specializes in auction style ICO’s and NFTs. The ETH generated from the Bounce trades will be utilized for the 2GT/ETH liquidity pools on Uniswap.

According to reports from within the company, 2gether will be issuing 10 million 2GT tokens for a week before issuing the token on Uniswap sometime between March 5-12. 2gether further informed us that over the past few years the company has distributed over 20 million tokens to users. Since 2gether’s launch three years back, over 50 percent of its users are counted as designated founders. 

The cryptocurrency market’s growing relevance was again evidenced when 2gether statistics showed an 83 percent rise in 2GT trading between December 2020 and January 2021. Rising trading figures even during a pandemic was proof of the community’s confidence in the platform. Over the past three years, 27 million 2GT tokens worth $1.6 million were purchased off 2gether.

Ramon Ferraz, the CEO of 2gether had said:

“Over the last three years, 2gether has been working on increasing the utility of the 2GT token to further develop our Founder’s Plus Programme and beyond, while emphasizing compliance with the European Commission’s regulatory frameworks with the guidance of the crypto-specializing legal experts at Uría Menéndez’s Digital Law Group. The crypto boom of the last few months has empowered the company to succeed in its token issuance mission, and the 2021 roadmap brings new initiatives and projects that will add new layers to the 2GT’s utility.”

To put things into perspective, 2gether has been building its token utility since the end of Bitcoin’s 2017 bull run. The company has gone about achieving its functionality goals by envisioning the Founder Plus Programme at its core. Each part of the 2gether membership level comprises its own levels that can be scaled by purchasing or earning 2GT tokens. Users and fans of the platform rejoiced when it announced that interested parties from outside Europe could also conduct trades.

2gether added that the 2GT tokens will also be issued on Uniswap soon by utilizing the proceeds from the current Bounce issuance. An exact 50 percent of the ETH prceeeds will be directed towards 2GT/ETH liquidity pools. Additionally, users who stake their 2GT/ETH in the Uniswap liquidity pool will receive a 0.3 percent yield reward. Uniswap was not the only place where users could handle their 2GT tokens as other external wallets have also been given permission. 

 The token launch was one step in taking 2gether towards the mainstream realm. The platform currently operates in 22 countries with a user growth rate of a whopping 500 percent. Sources close to the company are hoping that the tie-up with Bounce will only enable it to better the burgeoning cryptocurrency ecosystem. 

BeFaster.fit bets big on emerging markets like India as application launch draws near

by

As the cryptocurrency market continues on one of its biggest price shifts in history, investors all over the world are reacting to the news differently. Some countries like the United States were on their way to embrace crypto while nations like India were heading in the opposite direction. 

Since lifting the old cryptocurrency ban in 2018, India has seen a massive surge in cryptocurrency usage and trades. Several companies directed their attention to the emerging market with major exchanges like WazirX getting acquired by Binance. Now with another ban potentially on the horizon, people were getting antsy about the future of digital assets in India. But not Tron Europe or BeFaster.fit.

BeFaster.fit’s commitment to combining blockchain technology with the idea of fitness was the initial foundation for its popularity. The company has since built on that commitment by launching services and features catering to the user. Even in a country like India where cryptocurrency regulations are on the fence right now, BeFaster.fit was gaining steady traction. 

BeFaster.fit has repeatedly stated that the community was its core building block and they would do everything in their power to provide them with a seamless experience. The dedicated Indian Befaster.fit community is also being prepared for the application’s launch and handling the post-release operations. Several Indian users are BFCH  also waiting with bated breath to tread the blockchain ecosystem’s waters.   

Ever since its creation, BeFaster.fit has made it a priority to show users that it was not just another run-of-the-mill decentralized application. The application has gone through multiple testings over the past couple of months so that users can avail the best possible experience from it. Along with the application.

BeFaster.fit also includes the token which now has its own ecosystem and workings. With countries like India starting to adopt healthier lifestyles, it is only a matter of time before applications like Befaster.fit becomes a household name. Befaster.fit CEO Irina Manilitsch had earlier stated that:

“BeFaster.fit rewards people for an active lifestyle. They run and consume. As an investor you earn money directly from this.”

The cryptocurrency ban in India has not yet been confirmed but support for the fight against it is already picking up momentum. Big names in the Indian cryptocurrency ecosystem have made their voices heard about the cons of banning a burgeoning asset. Even if there is a crypto ban, Befaster.fit has assured users that their blockchian marvel would conintue to tick along smoothly. 

CryptoLocally Community Votes To Add Dogecoin

by

As the cryptocurrency market is on a green tear, several organizations are out to make sure users have the best experience online. Popular cryptocurrency exchange, CryptoLocally has listened to the beat and has listed Dogecoin on the platform for users to trade.

The popular peer-to-peer exchange stated that it’s focus on simplicity and security would drive the market forward. According to the company, Dogecoin’s recent market performance was an eye opener for everyone and ignited massive interest across the spectrum. With analysts predicting a meme coin rise, it makes sense to keep an eye on cryptocurrencies like DOGE.

Dogecoin will join a roster of multiple cryptocurrencies on CryptoLocally’s GIVernance ecosystem. This would allow faster integration and seamless use of the cryptolocurrency with its compatriots. Being the first and “truly decentralised P2P exchange”, CryptoLocally also allows it’s GIV token holders to vote on proposed value adding changes on the platform.

An official CryptoLocally release said:

“Token holders can submit projects for listing. The community then votes to approve or reject the proposal. DOGE traders will now be able to take advantage of CryptoLocally’s extensive payment options, allowing them to purchase DOGE using their local currency. On the other hand, current CryptoLocally customers will be able to partake in the current DOGE bull market and join the DOGE community.”

One of Dogecoin’s main attractions is it’s fast blockchain network and negligible transaction fees. This has made it something near and dear to a very niche cryptocurrency community. Some members of the cryptocurrency community have even compared it to Litecoin in terms of trading parameters.
Dogecoin (DOGE)

Celebrities and industry leaders took the liking of DOGE, often sharing memes of the beloved Shiba Inu dog mascot and sending its price to the moon. Among these influencers is no other than the richest man in the world, Elon Musk, whose endearing tweets send crypto bulls into a Dogecoin buying frenzy.

Dogecoin uses Scrypt protocol like Litecoin but has a one-minute block time compared to Litecoin’s two and a half. In other words, Dogecoin offers faster transactions and confirmations. Dogecoin never positioned itself as a payment network like Litecoin, but it seems more than able to compete with Litecoin or any other altcoin for that matter.

NYDFS Seeks New Tools To Collect Real-time Financial Data

by

The New York State Department of Financial Service [NYDFS] has announced additional details of DFS’s first-ever techsprint competition.

The techsprint was first announced last fall, following which the DFS has closely worked with stakeholders from the financial services sector, government, as well as the non-profit/academic sectors in order to set up “actionable and meaningful problem” statements for the event.

Since then more than 100 individuals across 75 organizations have engaged in workshops to provide input on the techsprint’s design.

NYDFS’s new Techsprint: In brief

The main aim of the techsprint in question is to bring about “creative and collaborative” prototyping, hence moving toward what the NYDFS describes to be a “smarter regulatory reporting” in cryptocurrency. The Department further intends to use an “intensive, time-bound approach”, to analyze ways to facilitate regulatory reporting via technology and more effectively oversee regulated entities and track the larger ecosystem. 

According to the edict, the techsprint is set to be held virtually during the first two weeks of March this year. Moreover, the opening is set to commence on the 1st of March and culminating with ‘Demo Day’ on the 12th of March.

The NYDFS has also invited regulators, industry professionals from both regulated and unregulated firms, academics, subject matter experts, and design, communications, and technology professionals to register their interest in participating by the 26th of January.

The two-week competition will be conducted to get better access to data from cryptocurrency firms in real time

Following is a snapshot of few questions that the NYDFS seeks to address:

NYDFS

Superintendent of Financial Services Linda A. Lacewell commented,

“Innovation is happening now and we must work together for consumers and industry to gain from its disruptive nature, especially as we all work to build back better during an ongoing pandemic”

Lacewell further explained that DFS’s first-ever techsprint would essentially provide the Department with an opportunity to become more modern and steer towards groundbreaking supervisory techniques forward, advancing the financial regulator of the “future vision”.

The Superintendent also added,

“We look forward to breaking down silos in this ecosystem and propelling a creative and collaborative problem-solving effort.”

Bityard Becomes Fan Favorite As Exchange Begins Offering Features On Top of Copy, Margin Trading

by

The cryptocurrency market has been on a massive surge over the past couple of days as major tokens breached all-time highs unheard of before. This positive sentiment acted as the perfect playing field for a lot of cryptocurrencies to onboard more long-term customers.

Bityard, the Singapore based cryptocurrency exchange was one of the few early players who accounted for the needs of the customer. By launching features such as margin trading and copy trading, the exchange captured the attention of the ecosystem while Bityard users applauded its versatility.

Bityard made a name for itself when its officials assured its users that all traders, veterans or newbies, will be treated to the same features. The exchange received a boost when it launched its copy trading feature which allowed uninitiated users to follow the trading patterns of experienced professionals. The copy trading feature was launched on the back of its demo trading addition which garnered praise from the ecosystem.

Using the demo trading feature, customers can practice a trade without investing any money of their own. To ensure that customers had a seamless experience, Bityard allocated a whopping 100,000 USDT for the demo. What makes the experiment even more successful was the fact that users could test out demo trading for just $5.

The other Bityard feature that stood out was copy trading, where freshers could copy the trade patterns of experienced professionals and reap the rewards. An official release had stated:

“On Bityard, when a user starts copying an advanced trader, there is no more action needed to take for the user afterwards. The trader who is copied will conduct an in-depth crypto investment strategy and start trading for all other users who copy the trader.” https://www.tronweekly.com/bityard-doubles-down-on-copy-trading/

Bityard has also launched several promotional events that give customers a chance to win large prizes. The exchange’s Welcome Bonus included a $258 USDT prize where $4 USDT could be earned simply by changing the username. Apart from bonuses, Bityard also offers free mining which is considered an essential addition to the platform. The organization also conducted a surprise contest where customers were asked to predict when Bitcoin would breach the $20,000 mark.

Apart from the aforementioned features, one of Bityard’s most attractive features was its focus on privacy and regulations. The exchange has licenses from four different regulators from the United States, Singapore, Estonia, and Australia. In less than a year since its launch, Bityard has made waves in the cryptocurrency ecosystem unparalleled anywhere. With a packed roadmap and its sights set on further developments, Bityard is surely out to make the digital asset world a better and more streamlined place.

BeFaster.fit’s BFHT Trading Event Kicks Off On LATOKEN As Ecosystem Gushes In Joy

by

The current cryptocurrency bull run has brought fresh blood into the ecosystem with developments going on in full swing. In the midst of the price surges, established cryptocurrency organizations like BeFaster.fit was taking full advantage of the momentum.

As 2021 dawned across the world, BeFaster.fit announced details of the native Holder Token trading competition. The BFHT Token contest is set to bring in more customers into the BeFaster.fit roster while being conducted on the trading platform, LATOKEN. 

Reports from BeFaster.fit revealed that the BFHT trading competition will go on from its start date of December 31, 2020, to January 21st, 2021. BeFaster.fit had garnered a lot of attention during last year’s lockdown period when the internet was flush with news about its focus on fitness.

Upon launch, the BFHT token had stirred the cryptocurrency pot as several major players took notice. The special investor token determines the number of tokens ” held in relation to the total token supply”. One of the best parts of the token is that it can be recorded in the blockchain and tracked in the wallet. 

Participants will be required to trade a minimum amount of 5 BFHT tokens during the contest on LATOKEN’s account to become eligible for the contest. Once the competition commences, the Top 10 winners will get a share of a whopping 1000 BFHT token. According to BeFaster.fit and LATOKEN, the token trading volume is calculated as the sum of the number of buys and the number of sells. 

United States citizens would need to wait a bit longer to take part in the contest with plans to launch still being in the discussion stage. Winners of the contest are set to be ranked according to each eligible user’s trading volume. To claim their rewards, winners will have to pass LATOKEN’s native Know-Your-Customer process. This step was taken to ensure total safety and security during the contest.

The Twitterverse has been abuzz about the competition over the past couple of days and officials expect the positive sentiment to only rise. BeFaster.fit executives had earlier stated that the native application will be ready to launch soon, with the latest competition acting as a springboard. Once the BeFaster.fit application is out for public access, customers will be able to take their workout on the decentralized network to the next level.