Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are CUDOS and Chromia. Since 10 am CUDOS has surged 13.22% and Chromia 8.43%. ChainX has increased by 7.15%.
The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS DA Indexes ended between +0.10% and +1.04% (NWSM200). Our main 2100NEWS Digital Assets Total Index (NWST1100) ended +0.30%. Bitcoin ended +0.22%, Ether ended +0.15%.
To find out based on which criteria have been selected, please read the notes.
Cudos is a staking and computing token engineered to power the CUDOS network and transfer part of the value generated on the Cudo network to users who stake CUDOS. The CUDOS token is a qualification, discount, and staking token. As a discount token, it is used to transact and stake in the CUDOS network and to transfer part of the value generated on the Cudo network to users who stake CUDOS. CUDOS can also be kept, shared, or donated to charity. In the CUDOS network, the key functions of the token are: 1) Staking 2,000,000 CUDOS to become a CUDOS Validator Node and get rewards; 2) Delegated staking to support other CVNs; 3) MoE powering the on-chain CUDOS network; 4) Staking for discounts. In the Cudo ecosystem, the token can be used for: 1) Staking to receive a discount in fees or share the revenue from fees; 2) Staking to qualify for jobs and earn greater revenue.
Chromia is a blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia gives power to developers to give power to the public. Chroma is a meta token native to Chromia. It serves as a medium for exchange and an economic balancing tool for dapps deployed on Chromia. It: – Enables dapps to pay for system resource usage – Enables resource conversion between dapps – Enables smart contract automatic conversion – Enables liquidity and profit-sharing – Provides a mechanism for validator nodes to stake a security deposit for participation in the public network.
Top movers of the day are COVER Protocol and CUDOS. Since midnight COVER Protocol has surged 51.35% and CUDOS 37.30%. Lisk is 23.03% higher.
The crypto markets moved higher this morning. Since midnight 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have increased up to 1.65% (NWSM200). 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.90% higher. Bitcoin has increased by 0.36% and Ether even by 2.48%.
COVER Protocol (COVER)
Cover Protocol provides peer to peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve. The process starts when market makers (MMs) deposit collateral to cover a product. MMs will receive two types of fungible cover tokens in exchange for their deposit. MMs can choose to sell the fungible token(s) to earn a premium, or provide liquidity in on order-book with the fungible token(s). Coverage seekers can then buy the coverage they need. Cover Protocol allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, Cover Protocol will open the doors of DeFi to all investors.
Established in May 2016, Lisk is an open source project focused on blockchain accessibility. Lisk’s ecosystem offers everyone the opportunity to benefit from blockchain technology through developer tools, cryptocurrency wallets, and a vibrant community.