Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed. Under the recovery plan for the Terra ecosystem, developers will create a new Terra blockchain with a revived Luna token.
Unlike most other major stablecoins which are backed by other assets, TerraUSD’s value was derived by complex algorithmic processes, linked to another paired token called Luna. Both tokens have lost nearly all of their value since TerraUSD, known as UST, slipped below its 1:1 peg to the dollar earlier this month.
Under Do Kwon’s newly approved structure, the original blockchain will be known as Terra Classic, while its native token Luna, which plunged close to zero this month, will be renamed Luna Classic with the ticker LUNC.
The new Terra blockchain will start running a coin under the existing Luna name and ticker, and won’t include the TerraUSD stablecoin. “Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community,” the tweet stated.
Baby Doge Coin ($BABYDOGE), which is of the most popular meme-based crypto projects (with over 1.4 million followers on Twitter), celebrated its “11 month birthday.”
What Is Baby Doge Coin ($BABYDOGE)?
In case you are not already familiar with Baby Doge ($BABYDOGE), here is an introduction from its white paper:
“Launched in June 2021, Baby Doge Coin one of the fastest growing community in crypto memes. Baby Doge is on a mission to bring crypto to the average person while also helping save dogs in need. Baby Doge is built on binance smart chain with extremely fast 5 second block times and cheaper gas fees than ethereum.
“Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction.“
And earlier today, they announced that they had completed this token burn and that this meant that over 50% of Baby Doge Coin’s total supply (which is 420,000,000,000,000,000) “has now been burned.”
SHIB: The Metaverse is the brainchild of Shiba Inu developer Shytoshi Kusama and is supported by other Shiba Inu team members.
All funds collected from the land plot minting were to be used for future metaverse development when only ETH was supported. It is unclear if that approach will change now that SHIB is an accepted payment method.
The team initially deemed their ecosystem tokens to be a “risk,” as the team would need to sell SHIB to pay for project development. Although the team has not offered an official statement on that aspect, that may still happen.
A key event to expect is the upcoming finalization of a deal between SHIB: The Metaverse and an AAA game developer studio, which is still pending. If finalized, the game studio will handle artistic development while the Shiba Inu team focuses on the blockchain implementation aspects.
Minting land in this metaverse is not the only utility for SHIB in the virtual world. Users can leverage SHIB to add pictures and logos to land plots. If those pictures change, the ecosystem will burn SHIB tokens.
Additionally, users can spend SHIB to name or rename land plots. Furthermore, SHIB is used to lease HUBS, which represents the most valuable land plots in the metaverse. There will be use cases for the LEASH and BONE currencies, too, as the development phases roll out.
Developers of SHIB: The Metaverse plan to offer creative ways to foster immersion and community, including strong partnerships and foundational resources.
How to mint land in SHIB: The Metaverse
The minting of land in SHIB: The Metaverse occurs through the Shib.io website. Users can see their reserved and acquired lands through the top menu, where they can also mint their land plots individually or in one transaction to avoid unnecessary gas fees.
To bid on or purchase SHIB lands, a user needs to set up a MetaMask wallet or a wallet compatible with WalletConnect and connect it to the Shib.io website.
is omax blockchain the Future of fast Crypto transactions OMAX is a community-driven token which was launched on 3rd of November 2021 with the intention to have its own blockchain to educate the next generation of investors and make crypto simple and safe for everyone. OMAX is one of the fastest growing projects which is moving from BEP20 to their own network (blockchain OMX20) which is also a EVM compatible. It is way ahead of the roadmaps and the blockchain is already on testnet and open for public testing with 87K TPS with estimated 100K+ TPS on mainnet. It further plans to launch a marketing campaign on Twitter to raise awareness and reach 100,000 holders. That will likely go hand in hand with launching of their blockchain. OMAX was advertised in Times square NY and famous celebrities promoted across the globe. Promotion videos can be found in the social media.
What Makes OMAX Unique? In contrast to many other coins, OMAX promises to feature a complete ecosystem that gives its token real value. Its blockchain, Ecommerce integration, Crypto card. By integrating our Blockchain into popular e-commerce and shopping cart platforms, we aim to grant users the ability to easily complete their everyday purchases using their crypto currency balances. OMAX blockchain on mainnet is scheduled to launch by the end of July 2022. OMAX is headquartered in DUBAI, UAE because of its friendly crypto law. Though the owners are from Australia and United Kingdom. They have a plan to launch the OMAX exchange in January 2023. How Many OMAX Tokens (OMAX) Are There in Circulation? OMAX has a total supply of 10 billion tokens. 4% of that was already burned. In addition, OMAX follows the patented approach of deflationary tokens by burning 4% of each token at a BUY&SELL transaction. Doing that, the team wants to constantly shrink the existing token supply and increase the value of OMAX. How Is the OMAX (OMX 20) Network secured? OMAX Chain relies on a system of PoS consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double sign detection and other slashing logic guarantee security, stability, and chain finality. The OMAX Chain also supports EVM-compatible smart contracts and protocols. This is the native and only usable currency in the OMAX ecosystem. These are the key links to the explorer and whitepaper for their own blockchain and the website is https://t.co/GuGIKqatem
How to integrate to Metamask to check the transaction. RPC url: https://t.co/j1IroqtGgU Chain id: 1254 Network name: OMAX testnet Symbol: OMAX Block explorer url: https://t.co/eMLHHW6zCd
𝙋𝙧𝙞𝙘𝙚 𝙥𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣 𝙤𝙛 𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 Shiba Inu (SHIB), the self-proclaimed ‘Dogecoin killer’, is a meme-coin that has a lot of social media hype behind it. Shiba Inu (SHIB) is based on Ethereum, the world’s second-largest cryptocurrency after Bitcoin. After the Shiba Inu coin showed an increase in price in 2021, the meme coin fell by more than 60% compared to its all-time high in October last year. According to the Shiba Inu prediction provided by Digital Coin Price,by July, the SHIB coin price might arrive at US$0.0000329. According to Wallet Investor, the long-term earning potential of SHIB is over +95.80% in one year. It seems like the Shiba Inu coin could be a good investment in 2022. Moreover Shiba Inu coin price may reach an average of US$0.00002752 at the beginning of May 2022. By the end of the month, the price will come close to $0.00003192. The minimum price will be US$0.00002752, and the maximum might reach roughly US$0.00003415. At the beginning of June, the price of the coin will be US$0.00003192. An average price for the month will be US$0.00002890. The maximum price will be US$0.00003192, the minimum price US$0.00002493.By the end of June, SHIB will cost US$0.00002681 with a change of -16.0%. The Shiba Inu forecast for the second half of 2022 is similar to what we’ve just discussed, minus the big spike. The average value for a Shiba Inu coin might be around US$0.00004. By the end of 2022, Shiba Inu may already grow in the vibrant ecosystem it strives to be. According to their roadmap, 2022 is also when they plan to launch the Shiba Inu Incubator and the Shiba Inu Reward system. The Shiba Inu price is forecasted to reach $0.00006484 by the end of December 2022. The expected maximum Inu price is US$0.00006708; the minimum price is US$0.00001967 for the year 2022. The analysts believe the Shiba Inu price will increase in the coming years. It is predicted that the Shiba Inu price may rise by the end of 2023 and reach US$0.0003, which is eight times the current price.
Bitcoinlfg thinks Babydoge can Hit $5 billion marketcap if Bnb hits $1000 by the end of the year the trading volume from bnb will make babydoge the whale play and can easily hit it $5 billion dollar marketcap Baby Doge is currently one of the most prominent cryptocurrencies in the crypto market.It is one of the newest meme coins available on the crypto exchange market, and it was created as a spiritual successor to the original Dogecoin.It was launched on June 1, 2021. The baby doge crypto price prediction from algorithm-based forecasting site Wallet Investor expected the price to trend higher, rising from 0.000000004 by the end of 2022 to $0.000000007 by the end of 2023, $0.000000010 by the end of 2024, $0.000000013 in 2025 and $0.000000017 in five years’ time. The baby doge forecast from DigitalCoin has it averaging $0.00000000339 in 2022, $0.00000000364 in 2023 and $0.00000000385 in 2024, based on historical data. The price could then average $0.00000000495 in 2025 and $0.0000000119 in 2030. The forecast from Price Prediction was more bullish, projecting that the baby doge coin could rise to an average of $0.00000007 by 2030, up from $0.00000001 before 2025.
What Is OMAX TOKEN (OMAX)? OMAX is a community-driven token which was launched on 3rd of November 2021 with the intention to have its own blockchain to educate the next generation of investors and make crypto simple and safe for everyone. OMAX is one of the fastest growing projects which is moving from BEP20 to their own network (blockchain OMX20) which is also a EVM compatible. It is way ahead of the roadmaps and the blockchain is already on testnet and open for public testing with 87K TPS with estimated 100K+ TPS on mainnet. It further plans to launch a marketing campaign on Twitter to raise awareness and reach 100,000 holders. That will likely go hand in hand with launching of their blockchain. OMAX was advertised in Times square NY and famous celebrities promoted across the globe. Promotion videos can be found in the social media.
What Makes OMAX Unique? In contrast to many other coins, OMAX promises to feature a complete ecosystem that gives its token real value. Its blockchain, Ecommerce integration, Crypto card. By integrating our Blockchain into popular e-commerce and shopping cart platforms, we aim to grant users the ability to easily complete their everyday purchases using their crypto currency balances. OMAX blockchain on mainnet is scheduled to launch by the end of July 2022. OMAX is headquartered in DUBAI, UAE because of its friendly crypto law. Though the owners are from Australia and United Kingdom. They have a plan to launch the OMAX exchange in January 2023. How Many OMAX Tokens (OMAX) Are There in Circulation? OMAX has a total supply of 10 billion tokens. 4% of that was already burned. In addition, OMAX follows the patented approach of deflationary tokens by burning 4% of each token at a BUY&SELL transaction. Doing that, the team wants to constantly shrink the existing token supply and increase the value of OMAX. How Is the OMAX (OMX 20) Network secured? OMAX Chain relies on a system of PoS consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double sign detection and other slashing logic guarantee security, stability, and chain finality. The OMAX Chain also supports EVM-compatible smart contracts and protocols. This is the native and only usable currency in the OMAX ecosystem. These are the key links to the explorer and whitepaper for their own blockchain and the website is http://OMAXCOIN.COM
How to integrate to Metamask to check the transaction. RPC url: https://t.co/j1IroqtGgU Chain id: 1254 Network name: OMAX testnet Symbol: OMAX Block explorer url: https://t.co/eMLHHW6zCd
WITH ITS CURRENT SUPPLY OF 6.9 TRILLION ITS IMPOSSIBLE FOR LUNA TO HIT $1 TO HIT $1 LUNA HAS TO BUYBACK AND BURN 70% OF IT`S SUPPLY
Luna Foundation Guard has announced plans to use its remaining assets to compensate $UST users. Remaining assets: • 313 #Bitcoin • 39,914 #BNB • 1,973,554 #AVAX • 1,847,079,725 $UST • 222,713,007 $LUNA
Baby Dogecoin is a crypto asset created by the online Dogecoin community. According to its website, “Baby Doge seeks to impress his father by showing his new, improved transaction speeds and adorableness.” Being a deflationary token, Baby Dogecoin has been designed to get scarce with time
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