Is the Revolut Card Worth Having?

British Bitcoin Profit: Paying Your Taxes

Binance Twitter and THAT Emoji! 

FTX Seeks UK and Europe Expansion

Solana Price: UK Market View on SOL

LimeWire Could Return with NFT Focus 

Are Crypto Bubbles Bursting? They May Be...

Crypto Tax UK: A Comprehensive Guide

What is the Best Crypto to Invest in?

The Gordon Ramsay Bitcoin Question

ADA News - Crypto Prices for Cardano 

Polygon (MATIC) Price Prediction 

Crypto.com Card Users CRO Rewards

Bitcoin Trader, Dragons' Den Scam. A Warning

Cameron Winklevoss: Facebook's “Other Half” 

Binance Bridge: Easily Convert BNB Tokens 

Who is Blockchain Backer? Meet the Rising Star

Cryptocurrency Books: Learn About the Best 

The credit card giant [Mastercard](/news/article/crypto-trading-services-mastercard) has been running an accelerator program for startups since 2014. It has recently announced that this year, applications from 7 FinTech startups have been accepted for [Mastercard Start Path](https://startpath.mastercard.com/spglobal/home.html). The firm intends to promote innovation in blockchain, FinTech, and the web3 space with this move.

The upcoming cohort of firms that have joined the program is quite diversified. They are from four countries: the United States, Singapore, United Arab Emirates, and Colombia.  

## Blockchain companies accepted in Mastercard Start Path

There are a few known names among the companies that will be joining the program. One of them is Abu Dhabi-based [Fasset](https://fasset.com/), which is a digital asset gateway service provider. 

The credit card company, previously, has also worked with it to provide digital solutions in Indonesia. Another firm from the UAE is Take Back the Mic ([TBTM Studios](https://tbtm.app/)). It allows entertainment platforms to leverage blockchain technology.

There are three companies from the US: [Loot Bolt](https://lootbolt.com/), [Uptop](https://www.uptop.xyz/), and Quadrata. Loot Bolt provides services related to web3-based payment systems. Uptop offers a platform for brands to manage their customer relations, and [Quadrata](https://quadrata.com/) allows blockchain-based solutions for preserving privacy.

From Singapore, the [Digital Treasures Center (DTC)](https://dtcpayment.com/) will be part of the program. And from Colombia, [Stable](https://www.stable-app.com/), a stablecoin startup, is accepted. 

## What’s the goal of Start Path?

Start Path was launched in 2014 to help startups get the initial funds and expand. It is a yearly program that lasts for six months. So far, this initiative has boosted the performance of over 350 firms, some of which have also reached unicorn status. 

Last year, Mastercard decided to launch a crypto division for this program. It was to support web3 and [crypto projects](/news/article/crypto-app-mastercard-nft) by investing in them. It helps companies build a community of developers and bring more innovation to the industry. 

However, this credit card corporation is not the first to take such an initiative. Many corporations like [Binance](/news/article/guide-to-binance-uk), [Disney](/news/article/matic-disney-collab), and others also run accelerator programs. 




7 FinTech startups joined Mastercard Start Path

As an official partner of Haas F1, they will collaborate with the team and external [contributors](https://www.haasf1team.com/news/haas-f1-team-partners-opensea-future-nft-collaborations) to create a range of branded NFTs. The F1 Team and OpenSea will work together to create an outstanding utility that will bring fans closer to the team and fascinating collections to the NFT community. 

They seek to present new and differentiated collections to the NFT community, with a shared vision of increasing participation and creating unique, best-in-class Web3 experiences.

## Where will the OpenSea logo appear on Haas F1 car? 

In support of the collaboration, the [emblem](/news/article/nft-hackers-passports) will feature on the F1 Team's VF-22 entry for increased exposure. 

"We've been looking for the perfect partner in the NFT area, and we've found it in Guenther Steiner, Team Principal of the respective F1 Team".  

Haas added that they know they will be in excellent hands with the leading peer-to-peer marketplace guiding them on their collections and fan interaction opportunities since OpenSea is an industry leader with innovation at the heart of all they do.  

According to Shiva Rajaraman, [NFTs](https://www.thepaddockmagazine.com/opensea-and-haas-f1-team-sign-a-partnership-agreement/) can unlock new experiences and provide a canvas to bring people together in new ways around the things they love. We're excited to work with the F1 team to create unique collections, new experiences for their devoted fan base, and new opportunities for everyone to come even closer to the action.

## What is OpenSea? 

OpenSea is the world's leading peer-to-peer marketplace for NFTs. They are on a mission to help the world's creators, collectors, and collaborators own and shape their relationships directly. We're building the world's most trusted and inclusive NFT marketplace with the best selection.

The leadership team is based in New York and includes Google, Palantir, Lyft, Uber, Stanford, and Berkeley members. a16z, Paradigm, Coatue, YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital are among the investors.


Haas F1 racing team's collaboration with OpenSea

Santander said in an emailed statement on Friday that it will prohibit UK clients from transferring real-time payments to cryptocurrency exchanges beginning next year as part of steps to safeguard customers from fraudsters.

## When will the block begin?

The bank will implement a plan meaning all payments made to cryptocurrency exchanges via telephone banking and in-branch payments will be blocked, as well as internet and mobile banking, at an unspecified point in 2023.

The bank will follow in the footsteps of other UK retail banks in restricting client transfers to cryptocurrency exchanges. For transfers to crypto exchanges via mobile and online banking, its users will face restrictions of 1,000 pounds ($1,123) per transaction and 3,000 pounds overall in any rolling 30-day period. Last year, the [Natwest Group](https://www.reuters.com/technology/natwest-caps-transfers-crypto-exchanges-including-binance-over-fraud-concerns-2021-06-29/) in the United Kingdom set a daily limit for consumers to transmit to bitcoin exchanges. 

Customers will still be able to receive crypto [exchange](/news/article/best-exchanges-for-crypto-uk) payments into their accounts. [According to a note](https://www.santander.co.uk/personal/support/fraud-and-security/cryptocurrency) on the bank's website, there has been a significant increase in the number of UK clients who have become victims of cryptocurrency fraud in recent months. Global regulators have warned of the risks of scams and fraud in the primarily unregulated realm of cryptocurrency trading.

A spokeswoman for Santander stated that securing our clients from cryptocurrency fraud is a primary concern. "We want to further safeguard clients by barring all faster payments we find from Santander accounts to cryptocurrency exchanges - this will come into play in 2023".

## Faster Payments in the UK that Santander News refers to

Faster Payments is the infrastructure that enables real-time bank transactions for most UK bank accounts. Pay UK, which owns the respective company, stated in an email that it is working with authorities and the [payments](/news/article/russia-approves-cross-border-crypto) sector to create and implement more robust protection for fraud victims. 

Santander said it would continue to prohibit all payments to the cryptocurrency exchange Binance, a policy implemented in July 2021 in response to a warning from the UK's financial authority regarding the exchange. Binance did not reply immediately to a request for comment.




Santander UK news - Crypto transfers blocked

According to news from Pi Coin's inventor and head of technology, Nicolas Kokkalis, Pi Network "has tried to make cryptocurrency accessible globally". Pi Network is the cryptocurrency community for PI, the Pi Coin, often known as Pioneers. 

PI, according to Kokkalis, allows Pioneers to mine on their phones with no fiat cost while contributing to development, inclusiveness, security and decentralisation, usefulness, stability, and durability.

## Pi Network news: Pioneers warned 

Pi informed pioneers that Pi Coin will have no initial coin offering or crowdfunding sales. This is because the main goal is to "create the most inclusive and broadly dispersed digital currency and ecosystem for all Pioneers"'

It clarified that it is not associated with any organisation purporting to sell or generate PI, PI futures, PI non-fungible tokens, PI airdrops, or other PI derivatives. The [blog](https://minepi.com/blog/pi-account-safety) further informs Pioneers that any website asking them to claim PI is a scam since users can only claim all mined PI through the official Pi Network app.

It continued by saying that the names do not imply an official affiliation with Pi Network. Unless otherwise clearly verified by their official communication channels.

## Pi Network: How to mine Pi Coin

[Pi Network](https://twitter.com/PiCoreTeam/status/1555674682480680960), the Pi Coin (PI) crypto community, has produced an instructive video on how to build and utilise the Pi Wallet. 

The movie, which is now on Pi's [home screen](https://minepi.com/), explains how mining works. Unlike Bitcoin (BTC), PI is the only [cryptocurrency](/news/article/asian-yuan-china-token) that can be mined with a smartphone. Furthermore, the video claims that mining PI with a user's phone is free of charge and causes no battery drain.

## Pi Network news: Where does PI rank? 

According to [Watcher. Guru data](https://twitter.com/PiCoreTeam/status/1564349423215190016), as of 28 August, 2022, Binance Coin (BNB) ranked #1 among the top ten cryptos' Twitter profiles, with 9.36 million followers. Bitcoin (BTC) came in second with 5.49 million followers, while Shiba Inu (SHIB) came in third with 3.46 million followers. Pi Coin (PI) is the ninth most followed cryptocurrency on Twitter, with 1.65 million followers. 

Pi conducted a [Twitter](https://twitter.com/PiCoreTeam/status/1559317083309035520) poll, and 61% of Pioneers, or Pi members, were recommended to it by a friend. Family members came in second with 17%, and coworkers came in third with 4%. However, 18% said “other." A total of 54,722 people voted in the Twitter poll.

Pi Network, the [crypto](/news/article/time-tokens) community for Pi Coin, has expressed gratitude to its Pi Chat moderators for their assistance in translating Pi messages into more than 50 different languages. The moderators are the "backbone of communicating with the whole Pi community".


Pi Network News: Pi Going Global?

GameStop NFT Marketplace is simply described as a non-custodial marketplace built on the Ethereum blockchain, using Loopring, a layer 2 scaling solution, to process transactions. It is a product of GameStop, the world's largest video game retailer.

## History

The GameStop NFT marketplace launched on 11 July, 2022, allowing users to connect their digital wallets, including the GameStop Wallet, to buy, sell, and trade [NFTs](/news/category/nft-news) minted on the platform.

Its wallet was launched in May, even before it went live. It is non-custodial and works as a browser extension for Google Chrome and Brave. Other non-custodial wallets compatible with it include MetaMask and WalletConnect.

Its launch was a great success, resulting in more than 5,000 ETH (almost $7.2 million at the time) in trading volume within the first week. This was more than double the Coinbase all-time trading volume.

The video game retailer built its NFT platform on [Loopring](/news/article/loopring-price-prediction) because of its cheaper transaction fees and scalability. The protocol uses zero-knowledge roll-ups to offer services with cheaper transaction fees and boost scalability.

## Services

Still new in the market, only approved creators can mint non-fungible tokens on it. However, its team is working on adding more functionalities, including categories such as Web3.0 gaming and other Ethereum-based applications.

There are also plans to enable it to support non-fungible tokens from other platforms that live on blockchains it supports.

## How to Use It

### Step 1: Create or connect a wallet

New users have to create or connect a compatible wallet to start using the platform.

### Step 2: Funding

After creating the wallet, it will have to be funded with some [ETH](/coins/eth) to perform any transaction. There are two ways to fund it.

Firstly, users can buy ETH directly from any of the payment providers permitted by the platform. ETH will then be deposited into the user's wallet, allowing them to buy NFTs.

Another way is to transfer ETH from their connected wallet on Ethereum layer 1 to the layer 2 network (Loopring). Because Ethereum layer 1 is involved in the transaction process, users who use this method will incur gas fees.

### Step 3: Buy NFTs

Finally, users can buy their desired NFTs. There is an option to search through the available collections before settling on the one to buy. A "buy now" button will take the user to the checkout window to confirm the transaction.

The platform charges a service fee of 2.25% for every transaction. It also takes a creator royalty fee (in the range of 0-10%, as set by NFT creators). Creators get a royalty fee whenever their NFT is traded on the platform.

## Conclusion

[GameStop](https://nft.gamestop.com/) may still be a new player in the market, but it has already proven it is worth watching. Good things are expected from the platform as it continues to grow and offer more market-competitive services.


GameStop NFT Marketplace

A free NFT giveaway rewards users who take part in the promotion. Free NFT is the new meta in 2022. Everyone wants to reward their community with exciting prizes, whether they are whales, influencers, or brand-new [NFT projects](/news/article/upcoming-solana-nft-projects).

## How to get a free NFT giveaway

The project determines it. Some giveaways are only available to NFT holders, whereas others are intended to attract new community members. In either case, they both seek the same thing: exposure.
There are two types of giveaways you can join:

1.	Retweet and like contests

The rules for these contests are simple and clear. Typically, the project team will ask participants to like and retweet a specific post. Tagging others in the comments section or following other accounts is also sometimes required.

Some organisers reward multiple winners with NFTs, cryptocurrencies, or even cash.
Twitter influencers, projects, and even marketplaces regularly hold such contests. You can find them on Twitter by searching "NFT giveaway”.

2.	Fan art contests

Nowadays, many digital asset initiatives and influencers hold fan art contests. Participants must create original works of art to win NFTs and other exciting prizes. The artwork submissions must frequently draw inspiration from the organisers' projects.

For example, [Deadfellaz's](https://www.deadfellaz.io/) famous "Draw the Undead" derivative art contest required participants to create artwork based on their NFTs. Nonetheless, the team allowed non-holders to participate by drawing inspiration from two of the collectables.

Of course, these competitions require time and effort. They are, however, an excellent way for an artist to gain exposure.

## Who is handing out free NFTs?

Giveaways can be found everywhere these days, from Discord to Twitter and even Reddit. But who is organising these competitions, and where can you find them?

Two types of creators organise them. They are: 

1.	NFT projects giveaways

Giveaways are an effective strategy for growing one's audience, and projects are aware of this. Most new projects run giveaways on Twitter or Discord to gain more followers. Some giveaway their first-ever NFT collectables, while others distribute money, cryptocurrencies, or other resources.

2.	NFT influencer giveaways

Most NFT influencers are as concerned with their community as their projects. Indeed, their free NFTs could be surprisingly inventive!

GaryVee, for example, offered a free [VeeFriends](https://veefriends.com/) for every 12 copies of his book sold during the first 24 hours. This clever campaign made his book "Twelve and a Half" a best-seller, while buyers received free collectables.

However, you should double-check the influencer's account before participating in a giveaway.

## Free NFT giveaway - Legitimate?

"It depends" is the brief response. The digital market is still new to many people compared to other markets, and scammers are aware of this. Unfortunately, thousands of [digital wallets](/news/article/crypto-wallet-multiple-currencies) or accounts have been compromised by hackers.

One of their tricks, for example, is to host free NFT giveaways that requires you to connect your wallet to a specific platform. This should raise a red flag because legitimate influencers or projects do not request personal information or a digital wallet connection in exchange for a giveaway.

Second, keep an eye out for the giveaway prize. If, as the old cliche goes, something seems too good to be true, then guess what? It probably is. Naturally, some initiatives and influencers can be kind, but few would provide large cash prizes.

## Bottom line

NFT giveaways are a fantastic way to grow a community while rewarding current members. You can enter free Twitter contests that require liking and retweeting posts or compete in art competitions to show your talent.

NFT projects and influencers frequently host giveaways, but double-check their accounts before participating! 


Is a Free NFT Giveaway Legit?

[Bitcoin Prime](https://www.business2community.com/cryptocurrency/bitcoin-robots/bitcoin-prime-review) is a cryptocurrency bot. It is a trading service that automatically analyses the cryptocurrency markets for trading opportunities. Read on for a Bitcoin Prime review.

Bitcoin Prime executes trades on users' behalf when it discovers potentially profitable situations. According to the website, up to 90% of their deals are profitable under favourable market circumstances. 

The platform's performance is shown by its AI system, which detects and responds to price trends. While it does not disclose the intricacies of its algorithm, it searches for many of the tried and proven technical patterns that traders worldwide use to earn money.

It is available for free. All users need to begin is a $250 down payment. The platform generates revenue by charging a 2% fee on successful accounts. However, investors will not pay a commission until their trading account earns money.

## Bitcoin Prime review - How the platform works 

The [platform](https://bitcoinprimeapp.com/) monitors price changes in 14 major cryptocurrencies, including Bitcoin, BTC Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, [Cardano](/news/article/cardano-hard-fork), IOTA, EOS, NEO, Binance Coin, and Ripple.
 
Bitcoin Prime initiates a transaction when the algorithm identifies a price pattern. Furthermore, it will place an order in the user's [brokerage](/news/article/genesis-crypto-claim) account and track the deal as it progresses. When the time comes to close the position, it will issue the order, and all money, including any gains, will be refunded to their account (minus a 2% commission for profitable accounts). The algorithm also learns from successful and unsuccessful transactions to trade more consistently and successfully in the future.

[Bitcoin](/news/article/bitcoin-dropping-price-us-news) Prime promises to be open for business every hour of every day. While trading on the system requires little effort, users need to tweak the algorithm's settings to be effective in different market circumstances. One of the good features of the platform is that it offers a plethora of instructional resources and a sample account to allow you to understand how the algorithm works.

Most importantly, investors' monies are in third-party broker accounts. It can issue trading orders using the funds in your account but cannot directly access your cash. Because only you have access to your money, this might give some security when utilising this service. Users can withdraw funds at any moment and receive a payment within a few hours. 

## Bitcoin Prime - Is it worth the investment?

Bitcoin Prime is legitimate and has received positive feedback from sites such as Trustpilot and testimonials.

However, we highly advise potential investors to do their homework and weigh the possible hazards before joining up and depositing money into the platform.


Bitcoin Prime Review - Fraud or Legit?

The CEO of [Binance](/news/article/guide-to-binance-uk) tweeted on Sunday that he will sell the remaining FTX token holdings he acquired as part of his exit from Alameda's sister company, FTX, last year.

## FTX vs Binance: Binance to sell off FTX token holdings

The exchange plans to sell off its FTX token holding. Changpeng "CZ" Zhao did not specify how much of the token holding his company would sell. 

The company received the funds in FTT as part of its exit from an early equity position in FTX that it had held since 2019. According to Zhao, FTX purchased Binance's stake in the company for $2.1 billion in FTT and BUSD—the stablecoin native to Binance's exchange.

The decision comes after weeks of criticism directed at [Sam Bankman-Fried](/news/article/bankman-fried-crypto-hack-fix), for regulatory plans he put forth in a blog post recommending DeFi restrictions. He has since agreed to revise his regulatory stance.

Due to market conditions and limited liquidity, CZ expects the liquidation to take several months. He also stated that it would be done in a way that attempts to minimise the market impact on FTT.

According to CoinGecko, [FTX](/news/article/ftx-uk-warning) native token has dropped 9.5% in the last day to $23.03 from $25.55, bouncing off a drop of around $22 on Sunday.

According to Etherscan, 22,999,999 FTT, worth $584 million, were transferred from a wallet to Binance's exchange on Saturday. As per CoinGecko, this is the equivalent of 17% of the circulating supply of the token. CZ confirmed that the funds were transferred as part of the exchange's plan to liquidate its stance in its holdings.

## FTX CEO response to rumours

Caroline Ellison, CEO of Alameda Research, responded to the rumours on Saturday by [tweeting](https://twitter.com/carolinecapital/status/1589264375042707458) that Alameda had more than $10 billion in assets "not reflected" on the leaked balance sheet. Ellison said that Alameda had unnamed hedges in place and had already given back the majority of their outstanding loans.

In a Sunday Twitter thread, Zhao stated that liquidating its position in FTT was not intended to be a dig at its competitor.

Caroline Ellison [offered](https://twitter.com/carolinecapital/status/1589287457975304193?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1589287457975304193%7Ctwgr%5E0c48a34558db0fa0aa1e49b2de077b6568e651f4%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fbusiness%2F2022%2F11%2F06%2Fbinance-sells-holdings-of-ftx-token-as-alameda-ceo-defends-firms-financial-condition%2F) to purchase Binance's remaining FTT for a fixed price of $22 if Zhao also wanted to "minimise the market impact" of the move.

Binance has been the most active exchange in terms of FTT volume in the last 24 hours. According to CoinGecko, Binance accounted for 6.3% of FTT's trading volume, or $95.4 million, in the previous 24 hours.

FTX vs Binance clash: Binance to liquidate funds

Launched in 2021, [Phantom wallet](https://phantom.app/) is a non-custodial crypto wallet built for the Solana blockchain. It is used to interact with Solana-based tokens, smart contracts, NFTs, and decentralized applications (DApps). It is available as a browser extension and mobile app.

It can be accessed using major browser extensions such as Chrome, Firefox, Brave, and Edge. As a mobile app, it is compatible with iOS devices as well as Android.

## Key features

Phantom wallet stands out with its many features. They include;

i.	Simple user interface: Its simple user interface makes it beginner friendly. Anyone can use it to interact with the SOL blockchain. All service options are available on the first page.

ii.	Non-custodial: Users have complete control of their private keys, which give access to their funds. It has no access to users’ data or funds.

iii.	Supports Ledger: It can be connected to Ledger, a leading and highly secure hardware wallet for extra security.

iv.	Built-in exchange: It features a built-in decentralized exchange that allows users to swap SOL-based tokens within it.

v.	NFT compatible: It supports NFT collectibles from the SOL blockchain. It has a feature that automatically groups similar NFTs for easy accessibility. However, it only supports Solana NFTs.

vi.	[Crypto staking](/news/article/what-is-staking-crypto) capabilities: It allows users to stake SOL and receive rewards. Crypto staking is a good way to earn passive income from cryptocurrencies.

vii.	Great security: A strong password is the first line of defense. It is required to protect funds from thieves and hackers. It also features a recovery key phrase to restore access to it. Biometric authentication is another security feature offered to those using its mobile app version. The feature enhances its security even when accessing it on the go.

viii.	Privacy: It prioritizes privacy. Users don't have to provide any personal information to create it. They only need to create a password to start using it. It also does not track any personally identifiable information, users' account addresses, or asset balances.

## Pros and cons

There are many reasons to use Phantom wallet to interact with the SOL blockchain. Some of its advantages include;

### Pros

•	It is easy to use, therefore beginner friendly.

•	It is non-custodial, therefore, does not have control over users' funds.

•	It features a built-in swap and is compatible with NFTs.

•	It supports Ledger (a hardware wallet) for increased security.

•	It prioritizes privacy and features great security.

### Cons

•	It does not support any other network.

## Conclusion

Phantom is a great wallet. It is especially perfect for newbies venturing into the crypto space through Solana, one of the most active and fastest-growing ecosystems in the crypto space.

It is easy to use, feature-rich, and highly secure. It easily gives access to all Solana services. It can be accessed as a web extension and mobile application. There is a lot to like about it.



Solana Phantom Wallet Guide

[THORSwap](https://thorswap.finance/) is a decentralized cross-chain exchange built on THORChain, a decentralized liquidity protocol. It allows users to swap multiple cryptocurrencies on different blockchains in a non-custodial manner. THORSwap also serves as a DEX aggregator to support a broader range of assets.

## History

THORSwap’s history begins in April 2021 when it was built on top of MCCN - THORChain’s multi-chain chaosnet. This was a few months (July 2020) after BEPSwap launched on SCCN - THORchain’s single-chain chaosnet.

After its launch, the THORSwap exchange quickly became the leading decentralized exchange on THORChain, responsible for a majority of the protocol’s trading volume.

Within 14 months of its existence, it had processed 2.7 million transactions and $1.85 billion in volume, representing 20% of the total volume on THORChain.

## Features

Several features distinguish the aggregator from its competitors. Some of them include;

•	Cross-chain swaps

It currently supports swaps for over 4,800 crypto assets across nine blockchains, including Bitcoin, Ethereum, Binance Chain, Cosmos, Avalanche, [Dogecoin](/news/tag/dogecoin), Litecoin, Bitcoin Cash, and THORChain.

•	Cross-chain DEX aggregation

As an aggregator, it taps into different liquidity sources to support a wide range of digital assets from multiple blockchains.

In August 2022, the exchange launched an [Ethereum cross-chain aggregator](https://docs.thorswap.finance/thorswap/thorswap-products/thorswap/cross-chain-dex-aggregation/ethereum-dex-aggregator), allowing users to swap between 4,800+ whitelisted ERC-20 tokens and its eight supported blockchains.

•	Impermanent loss protection

Impermanent loss occurs when the price of an asset staked in a liquidity pool is different than if it were held outside a liquidity pool. The loss deters liquidity providers from providing liquidity.

The aggregator protects users from impermanent loss with an Impermanent Loss Protection program. The program protects liquidity providers from impermanent loss, ensuring they keep providing liquidity.

## THOR Tokens

Launched in 2021, THOR tokens are the native utility and governance tokens of THORSwap. They also serve as incentives for trading activities and can be staked to receive vTHOR tokens.

vTHOR tokens are a representation of staked THOR. They allow stakers to earn 75% of THORSwap's revenue, among other benefits, including trading fee discounts. They can also be staked to receive daily rewards.

THOR tokens have a max supply cap of 500,000,000 million coins. They are to be issued to the public in four years.

According to [Coinmarketcap](https://coinmarketcap.com/currencies/thorswap/), the coins are currently worth $0.1244 each. They are ranked 4,632nd largest cryptocurrencies in the world.

The coins are listed in several crypto exchanges, including CoinEX, SushiSwap, and THORChain. They, however, can't be bought directly with fiat money. Investors must first purchase other cryptocurrencies, ETH or BTC, and then move to an exchange that lists them and uses their ETH or BTC to buy them.

## Conclusion

As of writing, THORSwap hasn't been in the market for long. However, it has quickly proven to be a cross-chain exchange worth watching out for with its great track record. It is already the leading decentralized exchange aggregator on THORChain. Its roadmap reveals that even more great things are on the way.
 


What is THORSwap?

[Liverpool Football Club](https://www.liverpoolfc.com/) made history with the launch of its groundbreaking first official NFT collection, the LFC Heroes Club.

The team developed two types of digital collectibles to ensure that NFTs are available to all its supporters. One is a set of 24 one-of-a-kind "Legendary" NFTs. The other is a collection of generative "Hero Edition" NFTs that combine multiple player illustrations to create an exceptional digital collectable for each supporter.

The LFC Heroes Club Collection shows the Liverpool team in cartoon avatars. Holders of tokens have access to a variety of recurring benefits.

This was a huge step forward for Liverpool and the [blockchain](/news/category/blockchain-news) industry, and it's exciting to wait and watch how the NFT industry matures and grows with time.

## What is the Liverpool Football Club NFT?

Liverpool thinks technology can close the gap with its global fan base. Hence, in April 2022, Liverpool FC unveiled its first official NFT line. It claimed that the 'LFC Heroes Club' will allow supporters to become a part of an 'innovative fan community'. This included access to a community forum, one-of-a-kind experiences, virtual hangouts, tournaments, and retail discounts.

LFC Heroes is the club's charity's second-highest earner. The dynamic manager Jürgen Klopp and the team are portrayed as superheroes in the NFT collection.

The "Legendary" NFTs, made up of 24 heroes, were made available during the sale window through a live auction.

## What benefits would you have if you purchased the Liverpool FC NFT?

You can now become a part of the LFC [fan community](/news/article/music-nfts-fans-community) by purchasing an NFT. The Liverpool Football Club NFT collections have various benefits, including virtual hangouts, competitions, guest appearances, shop discounts, and a Discord chat where collectors can communicate with other members.

Half of LFC's revenues from the 'Legendary' auction go to LFC Foundation, which funds life-changing philanthropic and community programs. An extra 10% of LFC's limited edition 'Hero' sale and 10% of any future resale royalties also go to LFC Foundation.

The benefits of owning an [NFT](/news/article/apple-crypto-and-nft-rules) include access to exclusive content and merchandise and the opportunity to join the LFC Heroes Club fan community.

## Why did the Liverpool FC NFTs see substantial price drops?

The "Legendary" and "Hero Edition" digital collectables were made available for the first time during a three-day sale which ended on Friday, 1 April, 2022, at 2 pm BST. But the club's NFT launch, which appeared ambitious at first, rapidly devolved into a catastrophe, resulting in some supporters losing money, igniting intense resentment. Since just 9,000 of the 171,072 NFTs produced by Liverpool were sold in their first week of availability, the project was an abject failure.

These NFTs were the subject of a significant marketing push, with Liverpool promoting them as a fun and inventive way to celebrate being a Reds supporter. However, if you analyze their campaign, you would find that the advertising was missing one crucial component - a description of what purpose they serve.

Liverpool hasn't necessarily closed the door on a return to the NFT space.

Billy Hogan, the CEO of Liverpool, hinted during the summer that the club hadn't ruled out a return to the NFT market.

Also, Drew Crisp, senior vice president of digital marketing, media, and technology at Liverpool, acknowledged that the launch had been a bit of a learning curve.



Does Liverpool Football Club NFT Hold Value?

In August 2022, [Opulous](https://opulous.org/), a blockchain-based music platform, launched its Royalty Vault project. The project enables anyone and everyone to invest in music copyrights.

According to the platform’s founder and CEO, Lee Persons, for the longest time, music copyright investment has only been available to large entities like banks, family funds, and major labels. Through the Royalty Vault project, it seeks to change that.

The project, part of the Opulous roadmap, relies on a set of new tokens called OVAULT, which can be bought and staked to earn rewards. The platform has a native utility token called OPUL.

How the project works is that it identifies and acquires lucrative catalogs. It adds them to the Royalty Vault, where they are minted into OVAULT tokens. Investors then buy the OVAULT tokens with OPUL tokens and stake them to receive daily rewards.

The rewards not only incentivize investors to buy OVAULT tokens, but hold on to them. The longer investors hold on to the tokens, the more they can use them to earn stable rewards.

In an interview with Music Business Worldwide (MBW), Lee stated that Opulous has spent more than a billion acquiring several catalogs by iconic evergreen artists. He didn’t name the artists. However, he said they have garnered up to eight Grammy nominations between them.

The project has also received a grant from the [Algorand](/news/article/algo-price-five-years) Foundation to secure more lucrative catalogs. The project is led by ex-Kobalt executive Jay Moore, currently the Chief Investment Office (CIO) at Opulous.

## About Opulous

Opulous is an MFT (Music Fungible Token) platform built on Algorand, an open-source proof of stake blockchain. It features several services, including an MFT Launchpad, Exchange, and Music Loans.

The Opulous Launchpad allows users to buy MFTs to support their favorite artists and earn a share of royalty revenue. Users can purchase and trade MFTs on Launchpad, while Music Loans lets artists access low-risk loans backed by real-world music assets.

It also features a staking pool where OPUL holders stake their tokens and receive APY as a reward. The longer they stake OPUL, the higher the APY they receive.

Every OPUL staked also earns the owner a raffle ticket that can be used to apply for exclusive rewards like early access to MFT drops, artwork NFTs, airdrops, and swag packs.

Its native utility token, OPUL has several use cases. It can be used to buy MFTs, OVAULT tokens, and to buy into MFT drops. Artists can use it to purchase campaigns. It can also be staked to earn more OPUL tokens, apply for exclusive rewards, and get early access to MFT drops.

The coins have a max supply cap of 500,000,000 OPUL coins. There are currently 43,914,363 of them in public circulation. According to [Coinmarketcap](https://coinmarketcap.com/currencies/opulous/), each of the coins, as of writing, is worth $0.06613. They are ranked the 1088th largest cryptocurrencies by market cap.

Notable artists already benefiting from the platform include Lil Pump, Ard Adz, and Kyle. Tyga and Blaq Jerzee MFT sales are also on the way.

## Final word

Opulous's [roadmap](https://opulous.medium.com/opulous-announces-roadmap-update-for-2022-23-b1d84ce7869d) reveals a promising future for its users. Besides the Royalty Vault, there are plans to launch an ambassador program that will reward key community members.

A self-service MFT sales feature is also on the way, allowing artists to create and sell MFTs independently. Music Advances is another feature that will enable artists to use their future copyright earnings as collateral for loans. There is a lot to expect from the platform.
 


Opulous Launches Royalty Vault

What is 'market cap in cryptocurrency? [Market](/news/tag/market) cap, or capitalisation, is a crucial metric for evaluating cryptocurrency. It is similar to stocks, where a company's total publicly traded common shares are counted.

However, there is one key difference between digital currencies and stocks. It is the ownership. Because, unlike stocks, cryptocurrencies do not indicate the possession of company shares. 

So, what is market cap cryptocurrency? Let’s take a deeper look at it and discuss why it is a crucial indicator for a digital token!

## Understanding market capitalisation in crypto

'What is market cap cryptocurrency?' is a frequently Googled query. It is one of the most asked questions by crypto newbies. But, it can be fairly easy to understand if you know how it is calculated and what it represents. 

It is a value determined by multiplying a token's price by the circulating supply. This value denotes the worth of a cryptocurrency in the marketplace. It is an indicator through which you can track the dominance of cryptocurrencies. [CoinMarketCap](https://coinmarketcap.com/), which is the most authentic crypto indexing site, also uses capitalisation to rank cryptocurrencies.

For instance, you can determine the Bitcoin market cap by multiplying its current price ([$19,131.50](https://coinmarketcap.com/currencies/bitcoin/)) by its circulating supply (19,180,081.00). This will give you the amount of around $366.94 billion, which is the [BTC](/coins/btc) capitalisation. 

This value can also help you make investment decisions regarding an asset. A digital token with a higher capitalisation is often perceived as a secure investment. 

However, it is noteworthy that capitalisation is a fluctuating value. Primarily, this amount is dependent on two factors; one is the change in supply circulation, and the other one is buying or selling pressure. 

## Why is market cap important in crypto?

It serves as one of the significant indicators for gauging a coin’s popularity and worth. A digital token’s market capitalisation can give you insights into its size. Also, it reflects on the profit ratio of the token. By comparing the values of two cryptocurrencies, you can evaluate which performs better.

In addition, these values of cryptocurrencies may also give an idea about whether they are over or undervalued. That's why it becomes a key consideration for your investment decisions in crypto.

However, it is not the only indicator you look at; several other factors must be part of your research about a project.

## How does market cap affect the crypto price?

It does not necessarily affect the crypto price. But it determines the rank of a digital asset in [crypto trading](/articles/learn-moni/cryptocurrency-trading). That’s why it becomes a crucial indicator, sometimes even more important than the price. 

For instance, if a token’s price is higher, its total value can still be lower because of the circulating supply. Similarly, a token with a lower price might have a better total value because of a higher circulating supply. This can be indicated through market capitalisation and helps determine a digital asset’s rank. 

## Final thoughts

Market capitalisation is one of the most significant scales for gauging the potential of a digital asset. It is the total value of an asset, which gives you an idea about its rank among the cryptocurrencies. 

You can easily determine this value by multiplying the price of a token by its circulating supply. Through this, you will get the worth of a cryptocurrency in the marketplace. 

Therefore, it becomes a key consideration when making an investment decision. Nevertheless, it is not the only yardstick for gauging the performance of a token. It is advisable to analyse several other aspects of a project to make an informed decision. 


Latest Moni

Latest articles | Page 36

Is a Free NFT Giveaway Legit?

Pi Network News: Pi Going Global?

FTX vs Binance clash: Binance to liquidate funds