Binance has launched the 44th project of its new coin mining program. Manta Network has published the token economics of the local service and governance token MANTA. Leading stablecoin TUSD lost its dollar peg. And more!
There are hot developments in Binance, MANTA, TUSD and these 5 altcoins…
Binance launched the 44th launchpool project: Manta Network
Binance, the world’s largest cryptocurrency exchange, launched the 44th project of its new coin mining program. Thus, it allowed users to mine Manta (MANTA) using BNB and FDUSD. Binance users can deposit BNB and FDUSD to the MANTA mining pool on the Launchpad website to receive MANTA rewards starting at 08:00 on January 16, 2024. The mining cycle will last two days. Binance will update in approximately five hours before mining activity begins.
Meanwhile, Binance will list Manta (MANTA) on January 18, 2024 at 18:00. Accordingly, it will open trading markets for MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY following the seed tag trading rules. The MA tokens of users who have previously purchased MA tokens from the Binance platform will be automatically replaced with MANTA tokens at a 1:1 ratio by Binance.
MANTA’s token economics announced
Manta Network has published the token economics of the local service and governance token MANTA. MANTA’s total supply is 1 billion and the initial supply will be 251 million. Each year, it will allocate 2% of the total supply to shareholders to maintain network security. In addition, 6.5% of the total supply will be allocated to New Paradigm (the second phase of the airdrop). 13.5% of the allocation will remain in the foundation’s treasury. Manta will allocate 21.19% to the ecosystem/community. The group will receive the remaining 10%. Finally, Manta will allocate 5.6% to the first tier of the airdrop
AIT Protocol launches mainnet of data disclosure platform
RELATED Protocol, a Web3 knowledge platform specializing in data annotation and AI model training, launched its Data Annotation Platform mainnet today. It is a milestone for the project, which aims to create a decentralized labor market for artificial intelligence development using main-net Blockchain technology. The Data Disclosure Platform will answer users’ questions. Additionally, it will verify the information. This is a key feature of the RELATED Protocol, which allows them to train artificial intelligence models. It is possible for users to earn RELATIONSHIP rewards, the native token of the protocol, for their contributions.
Save the date! 🎯
Our Data Annotation platform is gearing up for its mainnet debut on January 15. Get ready to complete tasks as we kick off the point-counting process!
Rumor has it, the same day will feature the revenue share details for our $AIT stakers. 🏆
Did someone say… pic.twitter.com/5Wj162NyC0
— AIT Protocol (@AITProtocol) January 11, 2024
HYTOPIA will launch HYCHAIN node operation in February or March
HYTOPIA, a metaverse platform, has officially announced an expansion update. This update will help integrate partner games into its ecosystem. It will also allow games to launch a full TOPIA/USDC price market. Moreover, it will allow it to support trading using its own proprietary tokens.
HYTOPIA explained that the project was inspired by the recent XAI node sale. He also stated that it is expected to run its own node in February or March this year. Additionally, HYCHAIN will perform node sales. This will only strengthen network security and provide funding for the newly formed gaming department. Node operators will receive a percentage of TOPIA token allocation and ranker price rewards. In addition, HYTOPIA announced that it will switch from Polygon’s Edge technology to Arbitrum’s Anytrust technology.
The total blocked price of Metis broke a new historical record.
The total measure of locked assets on Metis, an Ethereum Layer-2 network, has increased by 51.93% in the last seven days to $1 billion. This points to a historical hill. It also reveals that Ethereum L2 ranks third in locking volume, behind Arbitrum One ($11 billion) and OP Mainnet ($6.06 billion).
TrueUSD (TUSD) lost its dollar peg
cryptokoin.com As we reported, payout stablecoin TrueUSD (TUSD) lost its dollar peg. TUSD is a digital asset with live on-chain verifications by independent third-party institutions. A stablecoin backed by the US dollar (USD) at a ratio of 1:1. So far, it is listed on more than 100 trading platforms such as Binance and Huobi. Additionally, it is available on 12 mainstream public blockchains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TUSD, which is also behind Tron inventor Justn Sun, lost its dollar peg today. The token was currently trading at $0.9907.
TUSD daily price chart. Source: CoinMarketCapWeekly SHIB burns increased by 11,618%
SHIB burn rate has increased significantly since last Monday. Shibburn shows a significant increase in Shiba Inu burning over the past seven days. Meanwhile, since the middle of last week, the SHIB price has fallen by 7.75% despite attempts to break above the $0.00001006 level and remove another zero.
HOURLY SHIB UPDATE$SHIB Price: $0.00000968 (1hr -0.12% ▼ | 24hr -2.11% ▼ )
Market Cap: $5,699,143,889 (-2.04% ▼)
Total Supply: 589,292,307,575,408TOKENS BURNT
Past 24Hrs: 5,136,299 (0% ▲)
Past 7 Days: 9,414,244,268 (11618.56% ▲)— Shibburn (@shibburn) January 15, 2024
ProBit Global adds LOVE token
In a recent update, leading crypto exchange ProBit Global announced that it has included LOVE, the native token of the Love.io protocol, on its trading platforms. Through this alliance, ProBit Global aims to increase the adoption of cryptocurrency. It also aims to promote Love.io’s vision of establishing decentralized finance (DeFi).
