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Showing 20 of 21 results by Sketchytum
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Board Announcements (Altcoins)
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Xpool Staking: A Fairer Model for Crypto Rewards
by
Sketchytum
on 14/02/2025, 22:05:10 UTC
Staking has become one of the most widely used methods for earning passive crypto rewards. However, many staking models have issues with whale dominance, where larger holders gain an unfair advantage, leaving smaller participants with minimal rewards.

A new approach, Xpool Staking, is introducing a real-time reward system that calculates rewards based on multiple hourly snapshots of staked assets which I came across on BingX official page on X. This method prevents manipulation and ensures a more even distribution of rewards among participants.

How Xpool Staking Works:
1. Stake USDT within the event timeframe (Feb 17h-24th)
2. Hourly snapshots are taken randomly to determine staked amounts
3. Fair distribution of rewards based on proportional staking
4. Unstaking is allowed at any time (except for bonus requirements)

For those who qualify, additional incentives are available, but strict guidelines prevent unfair practices such as multi-account staking.

Is This the Future of Staking?
With staking becoming more competitive, ensuring fair distribution of rewards is crucial. Systems like Xpool are experimenting with new models that reduce manipulation and encourage more user participation.
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Topic
Board Altcoin Discussion
Topic OP
Bitcoin Holds Strong Above $95K - Is $100K the Next Target?
by
Sketchytum
on 13/02/2025, 15:26:07 UTC
The crypto market is experiencing notable movements today, with Bitcoin (BTC) leading the charge. BTC is currently trading at $95,866, reflecting a 0.50% increase in the last 24 hours. The price fluctuated between $94,789 and $98,096, showing strong support and resistance levels.

Ethereum (ETH) has seen a more significant 1.87% rise, now at $2,636.93, with a daily range of $2,574.53 to $2,784.50. Solana (SOL), however, has dipped 0.68%, trading at $190.80, after touching a high of $198.24 and a low of $189.4 (BingX chart)

Stablecoins remain steady, with USDT holding at $1.0001 and USDC slightly below at $0.9999.

Market sentiment remains cautiously bullish despite recent macroeconomic volatility, driven by inflation concerns and regulatory discussions. The anticipation of crypto-friendly policies under the current administration could bring further momentum to the market.
Post
Topic
Board Altcoin Discussion
Topic OP
Ethereum’s Decline and Bitcoin’s Growing Dominance: What’s Next for Altcoin
by
Sketchytum
on 07/02/2025, 11:05:27 UTC
Bitcoin is struggling to hold above $100K, recently trading between $95,850 and $97,729, with a market cap around $1.917T. Analysts suggest further downside could be on the horizon, citing global economic uncertainty.
Ethereum, the leading altcoin, is facing a sharp decline, highlighting the current instability in the crypto market. Large price swings have led to increased liquidations, with Ethereum’s volatility spiking due to gamma hedging and futures market activity.

Meanwhile, Bitcoin’s growing dominance is putting pressure on altcoins, causing their total market value to drop from $1.46 trillion to $1 trillion. Investor sentiment has taken a hit, particularly with new regulatory proposals from the Trump administration adding to market uncertainty.

This cautious approach from investors is fueling additional selling pressure, and with Bitcoin’s technical indicators showing signs of weakness, analysts are warning of potential further declines in the near term.
Post
Topic
Board Altcoin Discussion
Topic OP
Trump Launches TRUMPSOL Meme Coin: Crypto Gold or Campaign Strategy?
by
Sketchytum
on 18/01/2025, 22:07:40 UTC
With just days until his return to the presidency, President-elect Donald Trump has unveiled his very own cryptocurrency TRUMPSOL  Positioned as a meme coin, the Solana-based token has quickly captured the attention of traders and political enthusiasts alike, witnessing a meteoric rise in value since its launch.
Marketed as “The Crypto President,” TRUMPSOL is more than a coin it’s a community. The project celebrates Trump’s resilience and leadership, with its roots in the viral “FIGHT, FIGHT, FIGHT” meme, inspired by his defiant fist pump on July 13, 2024, following a life-threatening incident. This moment ignited a global movement, cementing his image as a symbol of courage and strength.
However, the crypto world remains divided while some see TRUMPS as a bold fusion of politics and blockchain innovation, others question its longevity, debating whether it’s a genuine asset or a campaign-driven gimmick.
Key Highlights:
• Built on Solana, known for its scalability and low fees.
• Community-driven focus on resilience and leadership values.
• Explosive initial interest fueling speculation of a potential bull run.
As the debate unfolds, TRUMPSOL has proven one thing: it’s impossible to ignore, Whether it’s a long-term investment or a fleeting trend, the token’s impact on the intersection of politics and crypto is undeniable.
Note: The Innovation Zone on BingX is designed to provide users with secure and fast trading of trending on-chain tokens. However, newly issued tokens may experience significant price volatility or even a rapid loss of all value. Please exercise caution and carefully evaluate each project before trading.
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Topic
Board Altcoin Discussion
Topic OP
Xterio (XTER) an AI-Powered Web3 Gaming Ecosystem Token
by
Sketchytum
on 09/01/2025, 15:19:06 UTC
As AI tokens continue to redefine the cryptocurrency market, Xterio ($XTER) is at the forefront of a new era in gaming, seamlessly blending AI-powered technology with Web3 innovations which was built on a unique Layer 2 infrastructure, Xterio offers an immersive and creative gaming experience that bridges the gap between traditional gaming and decentralized ecosystems.
Xterio is not just a game publisher, it is an ecosystem that empowers developers, enhances creativity, and fosters collaboration between players and creators and the platform is dedicated to pioneering the future of gaming with AI and Web3 at its core.
$XTER is a DeSci token and it’s features gives it an edge in the space with;
• AI Integration: It is built with advanced AI tools to enhance creativity and gameplay for both players and developers.
• Web3 Compatibility: It Leverages blockchain to strengthen the connection between developers and a global gaming community.
• Innovative Games: It can hosts 5 first-party games and collaborates with 70+ partners, serving 10 million users worldwide.
• User-Friendly Tech: It is built to make gaming seamless and enjoyable for everyone.
 Since its listing on BingX, $XTER has been gaining significant traction with a +55.03% increase, already doubling its listing price. This momentum highlights the growing interest in the token as it rides the wave of decentralized science (DeSci) and gaming innovation.
Note: Crypto space is known to experience price volatility, so always DYOR (Do Your Own Research) before trading or investing
Post
Topic
Board Announcements (Altcoins)
Topic OP
Celebrate the Spirit of Christmas with BingX
by
Sketchytum
on 08/12/2024, 22:55:29 UTC

As the holiday season approaches, it’s all about giving, sharing, and making memories. This year, BingX brings traders an extra reason to celebrate with their Christmas Miracle Event! Featuring a spectacular 1 million USDT prize pool, this event promises opportunities for everyone to shine.

Here’s what stands out:

   •   New to BingX? Enjoy exclusive sign-up rewards and a dedicated prize pool perfect for getting started.
   •   Feeling competitive? Take part in the Solo Trading Volume/ROI Contest or team up for the Team Trading Volume Contest to amplify your festive gains.
   •   Elite contributors like Navigators and Mobilizers also have special perks waiting for them.

For those looking to join a vibrant, results-driven community, this is your time. You con can try it out by registering and brining your friends, and let the season of miracles start early.

Are you ready to make this Christmas unforgettable?
Post
Topic
Board Announcements (Altcoins)
Topic OP
Short-Term USDT Savings: Smart Strategy or Just Hype?
by
Sketchytum
on 30/11/2024, 01:56:44 UTC

Recently, I’ve been diving into the concept of short-term fixed savings plans in the crypto space, particularly for stablecoins like USDT. Some platforms now offer 3-day lock-in savings with attractive APRs and bonus rewards in trending tokens.

This raises some interesting points for discussion:

1.   Do these plans provide a meaningful way to maximize idle assets, or are they just marketing strategies?
2.   How do they compare with traditional staking or HODLing strategies?
3.   Are the rewards (e.g., meme tokens) a real incentive, or do they add more volatility to the mix?

I noticed BingX is one of the platforms making these options accessible, offering a mix of guaranteed returns and token rewards.
Have you tried such short term savings plans? Let’s discuss
Post
Topic
Board Announcements (Altcoins)
Topic OP
(ANN): Bitcoin Breaks $97K: Will It Hit $100K?;BingX’s $100K Milestone Challenge
by
Sketchytum
on 21/11/2024, 14:20:11 UTC
Bitcoin is making history again, smashing through $97K and getting closer to the much-anticipated $100K milestone. While keeping an eye on this incredible bull run, I came across an interesting event shared by BingX.
Here’s the deal:
The first 10 users who capture a screenshot of the $100,000 mark on BingX’s trading interface will win an airdrop reward. To participate, you just need to submit your UID and screenshot through this form: https://forms.gle/3r4ubxNtbkfpUx7WA.

As Bitcoin climbs higher, it’s exciting to see trading platforms introducing fun challenges to engage their users. With BTC approaching $100K, this is the perfect time to stay alert and capture the moment.

What do you think of Bitcoin’s rally?
Will it surpass $100K soon, or is there a retracement on the horizon?
Let’s discuss!
Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] AI16z: Merging AI and Web3 for the Future of Decentralized Governance
by
Sketchytum
on 18/11/2024, 07:10:05 UTC
Hello Crypto Enthusiasts,
The AI x Web3 space is evolving rapidly, and AI16z is emerging as a standout project. Designed with cutting-edge AI integrations and a unique governance model, AI16z is a step toward redefining how decentralized ecosystems operate.
Key Features of AI16z
        1.   AI Agent Management:
The project is managed by an AI agent modeled after a leading U.S. venture capital firm. This adds a futuristic dimension to decision-making and project operations.
   2.   Trust-Based Governance:
AI16z introduces a trust system where token holders can pitch project ideas. The AI agent evaluates these proposals based on contributors’ past performance, creating a fair, data-driven ecosystem.
   3.   Advanced Integrations:
   •   Farcaster client: For decentralized social interactions.
   •   Twitter Space voice client: Engaging the community through voice-based discussions.
   •   Obsidian integration: Seamless note management and collaboration.
   •   EVM compatibility: Expanding its usability across Ethereum-compatible chains.

Adoption of the AI Meta
The project is fully aligned with the growing AI meta, leveraging artificial intelligence not just for automation but also for building trust and fostering innovation.

Upcoming Milestone
 November 20, 2024: AI16z will debut on BingX and other Tier-1 centralized exchanges. This marks a significant milestone, bringing more visibility and access to this innovative project.

Why Does This Matter?
AI16z represents a novel approach to decentralized governance by shifting decision-making to AI systems. By analyzing past performance, the trust system ensures merit-based opportunities for contributors.

Open Discussion
   •   How do you see AI shaping the future of governance in crypto projects?
   •   Can trust systems like this improve decision-making in decentralized ecosystems?

Looking forward to hearing your thoughts! Let’s discuss.

[Disclaimer]: This post is for informational purposes only and not financial advice. Always DYOR!
Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] Introducing DOGEGOV on Solana - Powering the New Department of Government
by
Sketchytum
on 14/11/2024, 21:20:38 UTC
What’s the Department of Government Efficiency?

This isn’t just hype this department is a real government entity, aimed at streamlining state operations and drastically cutting inefficiencies. With Elon Musk at the helm, the Department of Government Efficiency is set to save America around $3 trillion in 2024 alone by leveraging innovative technology and reducing waste.

Why DOGEGOV on Solana?

DOGEGOV is designed to align with government-led initiatives in blockchain, providing transparency, security, and speed on the Solana network. By using DOGEGOV, the Department of Government Efficiency can utilize blockchain to enhance accountability and enable faster, more cost-effective transactions.

The Vision

   •   Economic Impact: Saving $3 trillion in government expenses could have a massive effect on the U.S. economy.
   •   Crypto Adoption: DOGEGOV represents a big leap toward integrating crypto into the public sector, showcasing its practical value.
   •   Transparency & Efficiency: Blockchain technology, especially on Solana, ensures transparent fund tracking and efficient workflows within government processes.

How You Can Get Involved
The DOGEGOV token is now live on Solana, with trading available on BingX! Whether you’re a believer in blockchain’s potential for government transformation or just excited about Solana’s growth, this is a unique chance to witness (and participate in) history.
Post
Topic
Board Altcoin Discussion
Re: BTC’s Epic Journey Toward $83,000 and the Rise of CEXs
by
Sketchytum
on 13/11/2024, 20:31:21 UTC
$100K feels within reach, especially with the momentum BTC has built up. Each milestone is not just about the price but the psychological impact that drives both retail and institutional interest.
 CEX and Regulation – You raise a solid point. As adoption widens, I think regulatory frameworks will tighten, potentially making CEXs more compliant yet stable entry points. While decentralization is ideal, CEXs provide that bridge for mainstream access and even if they become less central in the far future, I believe they’ll still play a critical role in onboarding users into crypto.
Post
Topic
Board Altcoin Discussion
Topic OP
BTC’s Epic Journey Toward $83,000 and the Rise of CEXs
by
Sketchytum
on 11/11/2024, 15:36:14 UTC
It’s wild to look back at where Bitcoin was in 2012, Many of us remember when BTC was valued at just a few dollars with only the truly dedicated diving in.
Fast forward over a decade and Bitcoin is now approaching an $83,000 milestone a testament to the power of decentralization and the resilience of the crypto ecosystem.

But Bitcoin’s journey has been closely tied to the growth of centralized exchanges (CEXs). In the early days, trading was limited and often complicated, but the rise of CEXs transformed crypto access. These platforms didn’t just make BTC trading easier; they opened doors for thousands of altcoins, expanding the market and giving investors a wide range of options. Today, CEXs offer a full suite of services, from spot trading to derivatives, staking, and even yield opportunities, making crypto more accessible and diverse than ever.

With BTC at the edge of this new price level, I’m curious:
1. What are your thoughts on its trajectory from here?
2. Is $83,000 just another checkpoint, or do you think we’re reaching a pivotal moment?
3. And how do you see the role of CEXs evolving with Bitcoin’s growth and the ongoing rise of altcoins?
Let me hear your take.

Post
Topic
Board Announcements (Altcoins)
Topic OP
Diving into Cetus Protocol: A DeFi Project Built on Sui and Aptos
by
Sketchytum
on 08/11/2024, 20:54:36 UTC
Cetus Protocol ($CETUS) caught my attention due to its unique approach to DeFi, operating on Sui and Aptos blockchains known for their speed and reliability. Transactions are seamless, making the platform suitable for any serious DeFi user looking for a solid experience without lags. It’s interesting to see a project leveraging newer blockchain tech to push DeFi boundaries.

Additionally, they’re holding an event that’s perfect for new futures traders. By trading just 1 USDT in CETUS/USDT futures, you get a chance to win an iPhone 16 Pro. There’s a 200-user limit per day, so it keeps things competitive yet accessible.
Post
Topic
Board Announcements (Altcoins)
Topic OP
Bitcoin Hits New High of $75K Amid Election Buzz; Altcoins Join the Rally!
by
Sketchytum
on 06/11/2024, 04:07:12 UTC
Exciting times in crypto! Bitcoin has pushed through the $75,000 resistance, gaining over 10% just as the U.S. election wraps up. This bullish momentum has spread to altcoins, where $TRUMP, $GRASS, $TROY, $AIC, $LUCE, and $DSYNC are showing strong upward trends. With the market feeling optimistic, these alts are definitely ones to watch. Are you invested in any of these? Which tokens do you think will sustain this momentum in the days ahead? Let’s chat about the potential impact and strategies.
Post
Topic
Board Announcements (Altcoins)
Topic OP
Earning $PEPE, $WIF, and $POPCAT Tokens with BingX
by
Sketchytum
on 05/11/2024, 13:14:41 UTC
Just a heads-up for those interested: BingX has a time-limited event that allows users to earn rewards in $PEPE, $WIF, and $POPCAT by fulfilling a few specific trading and deposit tasks. I thought it was worth mentioning for anyone already trading futures or holding deposits on BingX.

Overview:

   •   Event Duration: From October 25 until November 11, 2024 (UTC+8)
   •   Eligibility: Limited to users in invited regions.
   •   Key Tasks:
   •   First Futures Trade Task: Complete your first trade in futures and get entries.
   •   Cumulative Trade Task: As you trade more, you accumulate additional lucky draw entries.
   •   Deposit Task: Maintain a net deposit without withdrawals for 48 hours to qualify for more entries.

A Few Considerations:

   •   Rewards are issued as token vouchers, so it’s worth updating your app to avoid any issues.
   •   Only genuine trades are counted, and activities like using multiple accounts or wash trading will get you disqualified.

Has anyone else checked this out? I’d be interested to hear if people find these reward-based events beneficial for increasing their holdings. Kiss
Post
Topic
Board Altcoin Discussion
Topic OP
Kaia Blockchain - Asia’s Largest Web3 Ecosystem - Now Listed on CEXs and Surging
by
Sketchytum
on 04/11/2024, 12:29:21 UTC
$KAIA is a high-performance, BFT-based public blockchain designed to meet the rigorous standards of enterprise-grade reliability and efficiency. Here’s an overview of Kaia’s architecture, features, and ecosystem.

1. KAIA is a game-changer in simplifying Web3 for everyone—users, developers, investors, and enterprises alike. Created from the merger of the Klaytn and Finschia blockchains (originally developed by Kakao and LINE), Kaia stands as the largest Web3 ecosystem in Asia, with over 420 DApps and access to a potential 250 million users. With Kaia, the ease and speed of Web2 combine with the decentralized potential of Web3 to drive a seamless experience for creating, connecting, and collaborating.

2. Based in Abu Dhabi, the Kaia DLT Foundation was established in 2024 to support the global expansion of Kaia as a leading Layer 1 blockchain.

3. Kaia is focused on leading Web3 adoption in Asia, providing a solid foundation for projects of any scale.

$KAIA Token - Now listed on top CEXs, including BingX, where it’s currently performing exceptionally well, up +12.81%!

$KAIA is the core cryptocurrency of the Kaia ecosystem, covering transaction fees for smart contract creation, execution, and token transfers. As the fuel of Kaia, $KAIA incentivizes high-quality development while ensuring network health by compensating consensus nodes for their contributions.
Post
Topic
Board Altcoin Discussion
Topic OP
The Influence AI tokens in the Crypto space.
by
Sketchytum
on 03/11/2024, 07:23:04 UTC
In the current crypto landscape, AI tokens are experiencing a significant surge, driven by the growing intersection between artificial intelligence and blockchain. The rise of AI tokens like $AGENT, $AIC, $BASEAI, $GRASS, and $LUCE demonstrates how the sector is evolving as a response to the increased demand for decentralized AI solutions. These tokens enable new functionalities in the crypto space, from enhancing computational power access to creating dynamic AI-based services, positioning them at the forefront of innovation, and this makes them Top gainers on CEXs (BingX).

The AI token market cap has reportedly reached around $28.1 billion, indicating sustained interest and growth potential. This trend aligns with reports that blockchain projects integrating AI, such as decentralized GPU markets, are facilitating cost-effective computing power necessary for advanced AI tasks. AI token projects are filling vital gaps by offering on-chain AI services, such as data marketplaces, AI-driven insights, and autonomous KYC solutions. Grayscale’s recent report also underscores AI’s transformative potential in sectors like smart contracts, predicting continuous growth in AI-centric tokens as they attract both developers and investors.

For AI-focused tokens, this momentum reflects a broader shift toward technologies that can benefit from decentralized solutions. As these tokens continue to integrate deeper with Web3, they’re positioned to redefine several industries while also capturing significant market attention. Keeping an eye on the upcoming developments in the AI token market will be crucial for anyone interested in the long-term impacts of AI on blockchain.
Post
Topic
Board Bitcoin Discussion
Re: Pretend that you believe storing btc in an exchange is better than a hard wallet
by
Sketchytum
on 09/10/2024, 11:51:24 UTC
To me both exchange storage and hardware wallets have their pros and cons. Exchanges offer convenience and access to features like instant trades, staking, and especially those seeking liquidity and quick trading access. However, they also comes with it own disadvantages with breaches but BingX handled it better with the recent event, The exchange promised that no users will face loss and they have been doing all the necessary things to fulfil those promises.

However, hardware wallets provide greater security, particularly against online threats, by keeping private keys offline. That said, they can be complex to set up and may not suit everyone.

It’s all about balancing security and convenience, Diversifying between both options and depending on personal convenience which might be the safest route to protect your BTC in the long run.
Post
Topic
Board Bitcoin Discussion
Topic OP
Navigating the Current Crypto Market
by
Sketchytum
on 04/10/2024, 14:48:39 UTC
The crypto market has been an interesting space to watch recently, with Bitcoin (BTC) continuing to consolidate around key price levels. As of today, BTC is down around 1.26%, trading near $57,090, but remains the dominant force, holding a 53.5% market share. This small pullback seems to be a breather after recent highs, and many analysts believe it’s setting up for the next significant move.

On the other hand, we’re seeing some major movements in altcoins. Tokens like CSI888 and Kabosu have exploded by more than 100,000%, capturing attention with their rapid gains. This kind of volatility is becoming a common theme, as low-cap coins make wild moves in response to speculative trading. The increasing interest in meme coins and tokens with low liquidity suggests that traders are looking for quick profits, especially while BTC remains relatively stable.

In the midst of this, a lot of traders are using staking as a way to earn passive income while waiting for the next big moves in the market. High APR staking options, such as $AGENT's 365% APR, have been getting attention, offering a safer route during periods of price uncertainty.

Given Bitcoin’s steady dominance and the volatility in the altcoin market, this could be a good time to diversify portfolios. Many are choosing to hedge their BTC positions by exploring opportunities in DeFi and other high-yield projects.

What are your thoughts on where BTC is headed next? And are any of you taking advantage of these high-risk, high-reward opportunities in altcoins?

Stay safe, and remember: DYOR!
Cc: Coinmarkercap, BingX
Post
Topic
Board Altcoin Discussion
Topic OP
Bitcoin and AI tokens
by
Sketchytum
on 10/09/2024, 01:55:02 UTC
The current Bitcoin market is experiencing a period of volatility, with prices fluctuating significantly over the past few weeks. There have been various factors contributing to this turbulence, including regulatory uncertainty, macroeconomic events, and market sentiment.

One interesting development in the Bitcoin market is the rise of AI tokens, which are digital assets that utilize artificial intelligence technology to enhance their functionality and performance. These tokens are designed to leverage algorithms and machine learning to make investment decisions and execute trades autonomously.

AI tokens have garnered significant interest from traders and investors looking to capitalize on the potential for increased efficiency and accuracy in trading. These tokens have the capability to analyze market trends, patterns, and data at a speed and scale that human traders are unable to match.

In the past few months I have seen a lot of AI token has been up lately the likes of Sharpe AI $SAI, Based AI $BASEDAI and lately AI Companions $AIC which caught my attention on a CEX (BingX). 
 $AIC token is set to redefine how people connect in the digital age, offering a transformative experience which ensures secure and unique virtual companionship experiences, also assisting with mental exercises and daily activities, especially beneficial for seniors offering cognitive stimulations.

In the context of the current Bitcoin market, AI tokens are playing an increasingly important role in helping traders navigate the volatile price movements and make informed investment decisions.