CoinEx Weekly Recap, 25–31 Oct 2021

Dear CoinEx users, to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem from 25th — 31st October 2021.

Hey Shib Army, Killing Zero Wen?

Our Halloween event is still on! ‘$SHIB To The Moon or Tomb?’ is the first meme token contest mainly driven by CoinEx community to estimate market sentiment trending, users can share 10,000 CET rewarding pool in total by predicting $SHIB price in accordance with following rules. You can see the rules and guidelines here.

Join CoinEx Official Telegram group to participate: https://t.me/CoinExOfficialENG

Weekly Top 5 Rocketing Cryptos

New Listings

LIKE
WebsiteExplorer | Whitepaper
Only1 is the first NFT-powered social platform built on Solana where users and creators alike can earn tokens by engaging in social activities on the platform, and share passive income generated from the innovative Genesis-NFTs and Content-NFTs similar to the ‘Play-to-Earn’ model. Since in conventional social media, creators have to go through middle-man to sell merchandise, paid advertisements, shout-outs, or any form of partnerships, the innovation of Only1 through NFT aim to cut out the need for these middle platforms.

PENDLE
WebsiteExplorer | Whitepaper
Pendle is a protocol that enables the trading of tokenized future yield on an AMM system. It aims to give holders of yield-generating assets the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for an underlying collateral. There are three components that makeup Pendle’s system: Yield tokenization, Pendle’s Automated Market Maker (AMM) and Governance.

FODL
WebsiteExplorer
FODL is a decentralized Defi protocol that meets the need for highly liquid, low-cost, and fully on-chain leverage. Rather than reinventing a centralized exchange, they utilize existing Defi building blocks to accomplish their goals — further bolstering existing platforms with new cases. Collateralized lending platforms in combination with flash loans turned out to be a great method of using highly liquid markets to achieve decentralized leverage for the purpose of long & short trading.

ALCX
WebsiteExplorer | Whitepaper
Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform gives you advances on your yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. The DAO will focus on funding projects that will help the Alchemix ecosystem grow, as well as the greater Ethereum community.

SPELL
WebsiteExplorer
Abracadabra money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money — MIM), that can be used as any other traditional stablecoin. Currently, a lot of assets, such as yVaults have locked in capital that can’t be put to further use. Abracadabra offers an opportunity to use it.

QKC
WebsiteExplorer | Whitepaper
QuarkChain is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. The main features of QuarkChain are:

1) Reshardable two-layered blockchain with an elastic sharding blockchains as the first layer, and a root blockchain as the second layer that confirms the blocks from the first layer;
2) Guaranteed security by market- driven collaborative mining;
3)Anti-centralized horizontal scalability;
4) Efficient — cross shard transactions;
5) Simple account management;
6) Turing — complete smart contract platform.

ONE
WebsiteExplorer | Whitepaper
Harmony is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony has transcended the blockchain trilemma by bringing the best research to production. Sharding is proven to scale blockchains without compromising security and decentralization. We divide not only our network nodes but also the blockchain states into shards, scaling linearly in all three aspects of machines, transactions and storage.

STARL
WebsiteExplorer | Whitepaper
STARL metaverse is a virtual world that will exist as a space to host data and ideas within the blockchain, while creating new opportunities for the creation and collection of NFTs as a form of self-expression, utility, or real estate in the metaverse. In addition, it will act as a hub for marketing, entertainment, socialization, gaming, and education. It will focus on space travel and mechanics, space base connections, asteroids and mining, planets, space battles, and a complex and interesting virtual gaming economy.

NIM
WebsiteExplorer | Whitepaper
Nimiq is a decentralized, censorship-resistant payment protocol native to the web, with its own diverse ecosystem of apps. The cutting-edge, browser-first blockchain approach means that users directly connect to the blockchain with nothing more than a browser. Therefore anyone with an up-to-date browser can join the payment network directly, pay and accept payments without having to install software or rely on unnecessary intermediaries. This gives Nimiq its ‘it just works’ characteristic, which is further strengthened by an ethos of simplicity and ease of use.

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns one of the largest BTC mining pools, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.

Find CoinEx on TELEGRAM | TWITTER | FACEBOOK | WEBSITE | API| DOWNLOAD APP

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