Swyftx is an Australian-based cryptocurrency exchange and leading trading platform founded in 2019 by Alex Harper and Angus Goldman. 

The platform allows users to buy, sell, swap, and trade hundreds of crypto in a simplified and transparent way. 

## Pros and cons 

### Pros 

- Beginner friendly. 

- Supports over 300 cryptocurrencies. 

- Low fees. 

- Supports multiple payment methods. 

### Cons 

- Best suited for Australians. 

- Lacks advanced trading options. 

## Features 

Several [features](https://swyftx.com/features/) enable the Swyftx platform to stand out. They include: 

### User-friendly 

Swyftx is designed to meet the needs of beginners, intermediate, and advanced investors. Its web and mobile applications are super easy to use. It also features a quick sign-up and verification process. 

### Learn section 

The section has enough materials to educate new and experienced traders on the art of trading. Available information ranges from blockchain technology and [decentralized finance (DeFi) ](/news/article/what-is-a-defi-token)to crypto investment strategies. 

### Staking 

Swyftx users also benefit from [staking](/news/article/what-is-staking-crypto). The service, introduced in 2021, allows users to earn interest on their coins by simply holding them in their accounts. Rewards are awarded in the same coins as the ones staked. 

### Coin swap 

The feature, available for advanced traders, allows them to trade any cryptocurrency in their portfolio for another on their list. Coin swap transactions are, however, a bit pricey on the fee side. 

### Demo account 

The account allows users to trade crypto risk-free with demo funds that can be used to test key features of the exchange. The demo funds can be used to buy, sell, and trade the currencies listed on the exchange. 

Other notable Swyftx features include portfolio tracking, recurring orders, tax reporting, real-time pricing, automatic buys and sells, crypto bundles, and a self-managed super fund. 

## Team 

The platform is backed by an impressive team of expert individuals. Alex Harper is its CEO and one of its co-founders. Angus Goldman is the CTO and another of its co-founder. 

The platform’s senior leadership also includes Jason Titman, the Chief Operating Officer, Adam Percy, General Counsel, and Jusse Nunes, the Chief Financial Officer. Other team members include Ben Browne, Head of IT and cyber defense, Brooke White, head of design, and Gabby Lewis, Fraud manager. 

## Fees 

Opening a user account on the Swyftx platform is free. There are also no charges for maintaining an account. There are no [fees](https://swyftx.com/fees/) on AUD (fiat) deposits and withdrawals. The standard network mining fees are charged on crypto deposits and withdrawals. There is a 0.6% flat trading fee. 

## Customer support 

The exchange provides one of the best customer support services in the Australian cryptocurrency market. Users and customers can contact customer support via email, live chat, and phone. 

Swyftx customer support responds promptly. Live chat and phone requests get solved within 2 to 3 minutes, while email requests take a maximum of one business day for a response. Live chat is available 24/7. 

## Mobile app 

Swyftx has a mobile app available for Android and iOS devices. The app is as easy to use as its web version. Also, everything on the website is available on the mobile app. Users can easily buy, sell, trade, deposit, withdraw, and even use the demo account from the convenience of their phones. 

## Is Swyftx safe? 

Considering how unsafe the crypto space is, there are many reasons to be wary of crypto projects. However, there are many reasons to be okay with using this exchange. 

Firstly, it is highly secure. It’s considered the second most secure exchange in Australia after CoinSpot. It is ISO 27001 certified for information security and has a stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) process that protects customers from fraud. 

Its security features include data encryption, two-factor authentication, penetration testing, biometric authentication, and least privilege and breached password detection. As a plus, its security team boasts over 50 years of experience building robust security measures and protecting customer data. 

It is also worth noting that the platform has never been hacked since it began operations in 2019. 

## Conclusion 

Swyftx is an impressive crypto exchange that is easy to use and highly secure. Its many features and low fees also make it a platform worth using. 

However, it is a disappointment that the platform is best suited for the Australian and New Zealand market and not the global one. All in all, it is a reputable exchange that is worth looking into. 

Swyftx blue bitd logo over image of men trading on crypto exchange

What is Swyftx

The Plutus card is a rewarding debit card used to make purchases online and in person. Each time its holder uses it to make payments, they earn 3% of their transaction in Pluton (PLU) as a reward. It is a product of Block Code Ltd, a company registered in England and Wales. 

## Pros and cons 

### Pros 

- 3% cashback on payments made. 
- Non-custodial cryptocurrency wallet.
- More rewards for premium and pro members. 
- Free trading fees with membership. 

### Cons 

- Only works with ETH and PLU crypto. 
- Not available everywhere, including in the US. 
- The rewards program involves monthly fees. 

## How it works 

Plutus is available as a physical and digital card. To use it, one has first to top it up. Those living where it is supported can top it up with either EUR or GBP via SEPA or SWIFT bank transfers. They can then spend their fiat anywhere VISA is accepted and earn crypto rewards. 

## Supported cryptocurrencies 

Plutus only supports [Ethereum (ETH) ](/coins/eth)and Pluton (PLU) cryptocurrencies (as of writing), which can be converted into fiat currencies through a decentralized exchange. 

Pluton (PLU) is marketed as the world’s first decentralized loyalty rewards token. It is an ERC20 token that is earned on purchases made using Plutus. 

## Perks 

Besides the cashback reward, users can earn additional perks by stacking PLU. There are up to eight perks, which include free Netflix and Spotify subscriptions. 

How many perks a user enjoys depends on their subscription plan and how many PLU tokens they hold. There are three subscription plans, Starter, Everyday, and Premium. The Starter plan comes with one perk, the Everyday plan has two perks, and the Premium plan has three perks. 

The more tokens a user stacks, the more perks they enjoy. Users stacking 250 PLU get four perks, and those stacking 500 PLU get five. Those holding 1,000 PLU get six perks, while those holding 2,000 PLU get eight. It is worth noting that reward-level figures replace subscription plan figures. 

## Supported countries 

[Plutus card](https://plutus.it/card) is available in the UK. It is also available in most countries in the European Economic Area, including Austria, Belgium, and Bulgaria. 

However, it is not available in many other parts of the world, including the US. According to its site, there are plans to expand its availability to where it's currently unavailable. 

## Fees 

[Fees](https://plutus.it/accounts) vary based on a user’s subscription plan. The Starter plan is free. The Everyday plan costs €4.99 per month. The Premium plan costs €14.99 per month. 

The Starter plan features a 1% fee on Swaps, while the other two charge zero fees. All three accounts have zero fiat withdrawal fees. However, they all charge €5 PLU withdrawal fees. 

Besides the account fees, additional fees are charged whenever Plutus card is used to make a purchase. The fees are extensive and complex, but worth checking out. You can also expect ATM withdrawal fees whenever you cash out using the card. 

## Is it worth it? 

Plutus card offers many benefits, especially the 3% cashback reward. The fact that it comes with a non-custodial Ethereum wallet is another plus. Holders get to own their private keys and have full control over their funds. 

Furthermore, it is protected by the VBV (Verified by Visa) and governed by the FCA (Financial Conduct Authority). It is legit. 

Its few drawbacks are what might worry some people. For example, it is not available everywhere. It also only supports PLU and ETH and features some pretty high fees compared to other cards. 

## Alternatives 

Plutus limitations make Coinbase, Binance, and Crypto.com cards great alternatives for those looking to invest in them. 

Coinbase card, for example, has a few advantages. Firstly, it enables holders to earn up to 4% back in crypto rewards every time they make a purchase. Holders can choose which cryptocurrency gets converted and used to make payments. A wide variety of cryptocurrencies are supported. 

Furthermore, it is highly secure and available anywhere Coinbase is available. Like other crypto cards, one must have a Coinbase account to use it, which is a drawback for some people. 

## Conclusion 

Plutus card is a great payment card if you live where it is available, Europe. It is accepted anywhere that VISA can be used and offers 3% cashback rewards. Its three subscription plans allow anyone, regardless of their financial situation, to use it. All in all, it is an excellent crypto card. 

plutus card in persons hand with bitcoins in the background

What is the Plutus Card?

[PrimeXBT](https://primexbt.com/) is a leading cryptocurrency exchange and trading platform with more than a million users in over 150 countries worldwide. 

Launched in 2018, it supports the trading of both traditional and crypto assets. Users can trade cryptocurrencies, most major stock indices, commodities, and foreign currencies. The best part is that it is designed to support traders of all levels, beginners and advanced. 

## PrimeXBT pros and cons 

### Pros 

- Allows users to trade crypto assets, stock indices, commodities, and foreign currencies. 

- Best suited for beginners and advanced traders. 

- Class-leading leverage of 1:100. 

- Low fees. 

### Cons 

- Not available in several countries, including US, Canada, and Japan. 

- No lending or staking services. 

- Few trading pairs. 

## Features and services 

PrimeXBT stands out with its features and products. Some notable ones include; 

### 100x leverage 

The exchange offers leverage of 1:100. For every $1, a user gets $100 worth of buying and selling power. This enables them to make even more profits or losses. 

Leverage, or margin trading, is a method that involves using borrowed funds to increase your trading position. It enables you to trade and profit using larger asset amounts than in your personal account. 

### Multi-level referral program 

PrimeXBT has a referral program allowing users to receive rewards for direct referrals they bring and their referrals. The program increases users' passive income from fees paid by the referral network they build. 

### Advanced technical analysis tools 

PrimeXBT exchange’s technical analysis platform runs on [TradingView](/news/article/tradingview-uk-101), a social network for traders. It offers advanced charting tools, technical indicators, and social networking features that help traders and investors spot opportunities across global markets. 

The PrimeXBT technical analysis platform is preloaded with hundreds of popular indicators, like strength index and moving averages, more than 50 intelligent drawing tools, and educational resources. 

### Copy-trading 

It is the act of copying another trader’s (usually a top trader) trading activity in the hopes of succeeding when they do. 

The feature is available on the “Covesting" section of the platform. In the "Rating" tab are hundreds of trading strategies provided by other traders that users can copy. 

Users can choose to use the "Filter" icon to quickly find strategies that best suit their desired risk and reward ratio. 

### Trading and gaining from your following 

The feature allows traders to earn additionally from their followers if they gain a following and perform successful trades. The more followers they have, the more money they can make. 

### Turbo 

Turbo allows traders to enter trades with a short duration, resulting in the fastest track toward profits. Users can earn more than 70% return on their investments in minutes. 

The feature simplifies trading and allows for lightning-speed profit generation. It creates opportunities for profit at previously impossible speeds. 

## Fees 

PrimeXBT exchange features a simple fee structure. There are two types of fees: trading and overnight financing. A trading fee is charged anytime a trader opens or closes a position. It is a percentage of the transaction amount. PrimeXBT charges: 

- 05% for cryptocurrencies. 

- 0% for indices and commodities. 

- 0% for forex. 

Overnight finance is charged whenever a leverage position is carried into a new trading day. The fee is a percentage of an open trade, usually in the range of 0.00277% to 0.1389%, based on the type of trade. 

There are no fees for account deposits. The withdrawal fee is a flat fee, whatever the amount of the asset being withdrawn. For example, the standard fee to cover Bitcoin transaction cost is 0.0005BTC. 

It is worth noting that fees are subject to change based on market conditions. 

## Is PrimeXBT safe? 

PrimeXBT has an extensive, multi-layered cybersecurity framework that provides its users with the highest level of security. It also runs random stress tests and security audits to ensure its network stays secure. 

Its specific security measures include: 

- Two-factor authentication preventing unauthorized access to users’ accounts. 

- Encrypted secure sockets layer (SSL) that encodes and protects website traffic. 

- Password encryption is with the bcrypt hashing function. 

- Cloudflare to avert possible distributed denial-of-service (DDoS) attacks. 

Withdrawal address whitelisting, which helps prevent transfers to unauthorized wallets. 

The exchange environment is hosted on AWS (Amazon Web Services), with its proven industry-leading digital and physical security track record. 

It is also worth noting that ever since its inception, the exchange has never been hacked. 

## Conclusion 

PrimeXBT is an easy-to-use platform with features, low fees, and leading leverage of 1:100. It is one of the best exchanges for traders looking to trade leveraged cryptocurrency instruments on an exchange that is transparent with relatively advanced technology and super secure. 

It is worth noting that the exchange is not available in [14 countries](https://primexbt.com/assets/documents/pdf/terms-and-conditions.pdf?rev=e331483b#:~:text=Restricted%20Jurisdiction%20%E2%80%93%20United%20States%20of,Saint%20Vincent%20and%20the%20Grenadines.), including the US, Canada, Japan, Russia, Israel, and Iran. 


blue image of blockchain with prime XBT logo overlayed

PrimeXBT Review 2023 

[Coinranking ](https://coinranking.com/)is a website that provides comprehensive data about digital assets. It offers insight into the latest crypto prices, cryptocurrency ranking, and different exchanges. It also allows users to list their cryptocurrencies and advertise their crypto projects to grow their community. 

## Coinranking roducts 

### API 

Users use it to add real-time prices of cryptocurrencies like BTC and [DOGE ](/coins/doge)or their own cryptocurrencies to their applications or websites. It also features more than ten years of historical data that users can use to create price charts in their apps. 

### Coinhodler 

The service allows users who prefer to hold on to their digital assets to easily keep track of them. It is free to use and totally anonymous. 

### Advertise 

Users can advertise on the platform to give their brand more exposure. Some of Coinranking’s advertising partners include Etoro, Coinzilla, Buysellads, and Coingaming. 

Coinranking also has an Android app and a Windows app. There is, however, no app for iOS devices. 

## Team 

The platform was launched in 2017 in the Netherlands by its three co-founders, Maarten Wiersema, Nick Pater, and Mark Kooistra. Maarten is the CEO, Nick is the Head of Development, and Mark is the Head of Product and Design. 

The three are supported by a team of professionals with skill sets crossing many fields of expertise. Team members include Wout Hoekstra, a full-stack developer, Irhas, a data entry operator, and Mosyi Johan, a business development manager. 

It is worth noting that as of 2022, the platform has moved its home from the Netherlands to Kuala Lumpur, Malaysia. 

 ##Listed cryptocurrencies 

There are thousands of cryptocurrencies listed on Coinranking. Some of them include Bitcoin (BTC), Ethereum (ETH), Tether USD (USDT), Cardano (ADA), Dogecoin (DOGE), and Solana (SOL). 

The coins are ranked by market cap. They are listed based on various categories including, BRC-20, SRC-20, ORC-20, meme, layer-1, AI, exchange, layer-2, and Web3 among others. 

Exchanges can also be listed on the platform. Exchanges are listed based on whether their daily trading volume is at least $ 5 million, have at least 500,000 visitors per month, and have a sizable following on social media, among other requirements.

## Competitors 

Coinranking faces stiff competition from [Coinmarketcap](https://coinmarketcap.com/), Coingecko, Coincodex.com, Coindataflow.com, and Coinmooner.com, among other crypto-ranking websites. 

It especially has some work to do to compete with the likes of Coinmarketcap and Coingecko, which are more popular. Launched in 2013, Coinmarketcap, for example, is the most trusted crypto-ranking website in the market. It is often referred to as the Wikipedia of crypto. 

## Conclusion 

Coinranking stands out as a simple cryptocurrency listing and ranking site accessible on desktop (Windows) and mobile (Android). It allows users to track more than 10,000 cryptocurrencies and features useful products like API and Coinhodler, which allow users to track their digital assets. 

The platform is not as popular as Coinmarketcap and Coingecko, but it is slowly getting there. Extra services like advertising, which allows users to advertise their projects and coins, are a plus and can help grow its user base. So far, it's doing pretty well compared to other coin-ranking sites. 

Two men reading a coin ranking on a computer screen. Green filter.

What is Coinranking? 

Pi crypto is the native cryptocurrency of the [Pi network](https://minepi.com/), a blockchain that enables users to execute mining operations through their smartphones. 

The network has grown in popularity due to the ease with which it allows anyone to mine its native cryptocurrency. It currently boasts more than 33 million users across the globe. 

However, its sudden rise in popularity has led some experts to question its legitimacy, especially because, while it was announced four years ago (2019), it still has yet to launch its blockchain or cryptocurrency. 

Here's the info you need on Pi crypto and its network. 

## How the Pi Network works 

The blockchain uses a consensus mechanism called the Stellar Consensus Protocol (SCP), enabling users to receive rewards for contributing to it. The more a user contributes to it, the more Pi cryptocurrency they mine. 

The SCP is a decentralized, open-source protocol developed by the Stellar Development Foundation, an organization supporting the development and growth of the Stellar Blockchain. 

The protocol is more secure, faster, and designed to be more scalable than other consensus mechanisms like PoW and PoS. 

Pi allows four roles for users: 

- Pioneers (Miners): Users who perform mining activities on Pi. They have to verify they are human and not robots every 24 hours of their mining activity on the blockchain by clicking the lightning button. 

- Contributors (Securers): Users who provide a list of trustworthy users to Pi in exchange for incentives. Contributors belong to the security circle that consists of three to five users. They help secure Pi. 

- Ambassadors (Distributors): Participants who bring new users to Pi using their referral codes. The higher the number of the invitee, the larger the earning rate of an ambassador. They help the blockchain grow and distribute Pi crypto widely. 

- Nodes (Validators): Participants using the Pi node software on their computers. By running a node, validators get an additional boost in their Pi mining process. 

To get the most out of Pi, users must endeavour to hold many roles simultaneously. A Pioneer can become a Contributor by actively mining for Pi crypto for three days. 

A Contributor becomes an Ambassador by inviting new users to Pi using their referral code. To become a validator, one has to simply run the Pi software node on their desktop or personal computer. 

## Founders 

The Pi network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, two Stanford Ph.D. holders in Computational engineering and Social sciences. 

Dr. Kokkalis is the head of technology for Pi. He is credited with developing and founding several startups and human-centered technologies before Pi. He is also an instructor of Stanford’s first decentralized application class. 

Dr. Fan is the blockchain’s head of product. Her history can be traced to working as a founding developer for several startups, as well as projects focused on scaling social communications and surfacing untapped social capital for people around the world. 

The two began working on the blockchain in 2018 and released a whitepaper of the Pi Network app on 14 March, 2019, (Pi Day). 

## What is the value of Pi crypto? 

As of writing, Pi cryptocurrency is not listed on any crypto exchange. It is, therefore, currently worthless to anyone in possession of it. There is no historical data on its market performance since it has not yet been launched on any cryptocurrency exchange. 

Its creators are yet to reveal how many of the coins are in public circulation. Its maximum supply cap is also yet to be determined. 

In December 2022, the Pi token was in the headlines after several crypto exchanges, including [Huobi Global](/news/article/huobi-exchange-who-owns-it), BitMart, and XT.com, announced its listing. The news saw the tokens' price surge by 461.3% from $44.03 to $232.97, according to CoinGecko. 

However, Pi Network developers quickly pointed out that they hadn't endorsed any exchange listing and warned users against engaging with any of the exchanges. 

While the coin can’t be traded on any cryptocurrency exchange, according to [Coinmarketcap](https://coinmarketcap.com/currencies/pinetwork/), it is currently worth $26.45 and is ranked the 2,886th largest cryptocurrency, with no market cap, however. 

## How to get Pi crypto 

To start mining Pi coins, one has to first download the Pi Network app on its official site. It is free to download and use the app. 

Once it's on your phone, create a user account. The process will require you to create a username and password and enter your email address or phone number. You will be required to enter an invitation code, which is easily available online. 

You can then start mining Pi coins by tapping the lightning button on the app. You will have to tap the button after every 24 hours to keep mining. 

You can earn more Pi coins by proposing valid security circle connections and inviting people to mine the tokens through referral codes and mining concurrently with them. 

You can also [earn more Pi crypto](https://minepi.com/faqs/how-do-i-mine-more-pi-coins/) by setting and committing to lockup configuration or increasing your current lockup commitment, using apps on the Pi Browser directory, and running a node. 

## Pi Network milestone 

The Pi Network is still a young player in the cryptocurrency market. However, it has quickly managed to attract the attention of many people due to its several advancements. 

In September 2022, it launched Pi Connect, a service that addresses its crypto limitations and offers users a place to access Pi's price information and conversation rate of other cryptocurrencies. 

Pi Connect also allows users to make interoperable trades with other blockchains like [Polygon](/news/article/polygon-crypto), Ethereum, and Binance Smart Chain quickly, affordably, and securely. 

The same month it also announced Pi Bridge, which will provide a bridge between the Pi network and other blockchains, beginning with the Binance Smart Chain. 

## Is Pi crypto a scam? 

The sudden rise in popularity of the Pi coin has made several experts do a deep dive into the project and question its legitimacy. 

A major concern about Pi is its multi-level marketing scheme. The fact that users can earn more Pi coins by recruiting other users is a red flag to many people. It makes the project look like a pyramid scheme. 

Another concern is that users, at the moment, cannot withdraw their mining profits. This is because the network is currently in Enclosed Mainnet. 

According to Pi developers, the blockchain will be updated to Open Mainnet in the future. Then, users will be able to withdraw, sell, and exchange Pi cryptocurrencies. However, there is no clear date when the blockchain will properly launch. 

The cryptocurrency is also not listed on any exchange, which is another red flag for some people. But, this is because its blockchain is currently in Enclosed Mainnet instead of Open Mainnet. 

For its proponents, there is no reason for concern. The fact that the project is free to use debunks the notion that it is a scam. Everyone participating in its mining process has nothing to lose but the time spent mining the coins. 

The coins also have the backing of impressive Stanford minds. That its development team managed to successfully introduce an enclosed mainnet and a Pi wallet in December 2021 proves the project is here to stay. 

## The future of Pi crypto 

Since the cryptocurrency has not been launched, no price predictions are available. The coins also have no price history, making it hard to analyze and predict how they may react to market movements in the future. 

Will the Pi cryptocurrency ever have value? It’s hard to tell at the moment. It might or might not launch. Some people believe it is just a social experiment. However, if it is launched, those already holding it might benefit. 

If history has taught cryptocurrency investors anything, it is that highly anticipated projects, when initially listed in crypto exchanges, experience price surges in the first few weeks. There is a possibility of profiting from the coins, but only if they launch. 

All in all, it is worth being cautious when dealing with such speculative cryptocurrencies. Only time will tell if Pi crypto is a legitimate cryptocurrency or a scam. 

## Conclusion 

On the surface, the Pi Network looks like an impressive crypto project seeking to usher everyone effortlessly into the crypto space. It is accessible to everyone around the globe, it is free to use, faster than any blockchain network, and it uses less energy than conventional energy systems. 

However, considering how long the project has been in the market and how little it has to show, there are a few reasons to be wary about investing in it. It is wise to take your time before jumping into the hype around Pi cryptocurrency. 


Everything you need to know about Pi crypto 

Formerly known as OKEX, [OKX](https://www.okx.com/) is a leading cryptocurrency exchange known for its exceptional services and low fees. It rebranded to OKX exchange in 2022. 

Launched in 2017, OKX exchange is one of the oldest cryptocurrency exchanges. Over the years, it has grown its user base to more than 50 million global users (according to its site) in more than 100 countries. It, however, does not operate in the US and therefore does not accept users from the country. 

## Pros and Cons 

### Pros 
- Low trading fees 
- Accepts multiple payment methods, including using a card and bank account. 
- Supports more than 350 cryptocurrencies and 500 trading pairs. 
- Highly secure and easy to use. 

### Cons 
- Not available to users in the US. 
- Low liquidity for some currencies. 

## Services 

OKX exchange offers a place where users can do more than buy, sell, and trade cryptocurrencies. Its other services include; 

- [Earn](https://www.okx.com/earn): The service allows users to generate passive income from their digital assets through multiple investment options, including Simple Earn, Loan, and On-Chain Earn. On-Chain Earn, for example, allows you to participate in on-chain earning opportunities like Proof of Stake (PoS) staking and Defi protocols. 
- [Wallet](https://www.okx.com/web3): A highly secure non-custodial decentralized Web3 wallet that allows users to transfer assets, swap cryptocurrencies, trade NFTs, earn yields, and more. It supports more than 50 decentralized networks, including major blockchains like Bitcoin, Ethereum, BNB Chain, Solana, and Polygon. 
- Jumpstart: A platform that helps new projects to launch and grow their communities. It offers users easy and early access to new and highly cryptocurrency projects, allowing them to invest in new crypto by staking their OKB tokens. OKB tokens are the native tokens of OKX. 
- [NFT Marketplace](https://www.okx.com/web3/nft): A place where users can create, collect, and trade NFTs across different blockchains and platforms, including Ethereum, Solana, Polygon, BNB chain, and Avalanche C. 

The OKX exchange also offers crypto-collateralized loans and allows users to connect trading platforms like TradingView. Furthermore, it has a native blockchain where builders and developers can build and deploy decentralized applications (DApps) and use infrastructure like OKX Oracle. 

## Supported cryptocurrencies 

OKX exchange supports more than 350 cryptocurrencies. Listed cryptocurrencies include Bitcoin, Ethereum, Solana, OKB, Terra, TRON, [Polygon,](/coins/matic) Dogecoin, Shibu Inu, Polkadot, Avalanche, and XRP. 

Security 

The exchange operates a secure hot and cold wallet security procedure. 95% of its funds are stored offline. It uses a robust cold wallet storage system that operates on at least two authorized personnel to access. 

The remaining 5% of funds are stored in hot environments to meet the demand for quick withdrawals and deposits. 

User security is enhanced with two-factor authentication for phone app users and an anti-phishing code that helps users quickly recognize emails sent from the exchange. 

It is worth noting that since it came into operation, OKX has not suffered any security hack. The exchange stands out with its security protocols. 

## Trading on the OKX exchange 

The platform caters to all levels of traders, beginners and advanced. It allows crypto-to-crypto trading and fiat-to-crypto trading. 

Traders can participate in crypto-to-crypto trading by first funding their trading accounts on the exchange. To fund your account, you will first need to create a user account. 

The process is straightforward. Click the Sign Up tab on the exchange's official site and fill in the required information. 

After registering, you will receive a code in the email that you will need to use to confirm your registration. 

OKX is one of a few exchanges that allow users to operate with KYC unverified accounts. There are, however, limitations to using KYC unverified accounts on the platform. 

After creating your account, you can fund it with crypto or fiat. The platform allows users to fund their accounts with fiat through bank wire, bank transfers, debit or credit card, ApplePay, SEPA, Advcash, or iDEAL. Users can also transfer crypto from other exchanges. 

Although [OKX](/news/article/okx-partners-manchester-city) supports trading with fiat and crypto, it only allows cryptocurrencies to deposit funds into a trader's account. Once the account is funded, you can begin to trade. 

The platform allows multiple trading options like spot, margin, futures, and perpetual swaps. Each option has its own platform. 

To trade Futures, for example, you must first activate your futures account. The process will require you to complete a few questions to ensure you know how to trade futures. With your futures account set up and funded, you can start to trade. 

## Fees 

The platform’s trading fees vary depending on if you are a regular or VIP user. 

Regular users are classified into tiers based on their total OKB holdings. VIP users are classified by 30-day trading volumes and daily asset balances. 

Fees also vary based on regular users' tier level and VIP level. They, again, vary based on the instruments you trade. 

For example, the spot trading taker fee for a level 1 regular user is 0.100%, while the maker fee is 0.80%. A level 1 regular user holds less than 500 OKB tokens. The spot trading taker fee of a tier 1 VIP is 0.080%, while the maker fee is 0.060%. 

Maker and taker fees are two trading fees charged by most crypto exchanges. Exchanges that do not charge maker and taker fees charge flat fees. 

Compared to other crypto exchanges, [OKX fees](https://www.okx.com/fees) are quite low, making it one of the best fee-friendly crypto exchanges. 

## Conclusion 

OKX exchange stands out as one of the best cryptocurrency exchanges in the market. It is highly secure, easy to use, has low fees, supports plenty of cryptocurrencies, and caters to traders of all levels. 

It has enough trading tools to help anyone transition into crypto trading effortlessly. 

The exchange offers more than a place where users can buy, sell, and trade crypto. The platform is looking to dominate all sectors of the decentralized space, including the NFT and Defi space. 

OKX Exchange Review

Yuga Labs is a well-known NFT company that continues to dominate the non-fungible token space due to projects like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). 

The $4 billion-worth company made history in 2022 when it acquired Cryptopunks and Meebits from Larva Labs, cementing its position as the leading brand in the NFT space. It now has its eyes set on dominating the Metarverse. 

## The Metaverse 

Yuga Labs first ventured into the [Metaverse](/news/article/metaverse-coins-future) in March 2022 by launching Otherside, a 3D virtual world developed as an online multiplayer game. 

The Otherside, like many other Metaverse platforms, offers an immersive experience of a virtual world where users can build different experiences and interact with other users. 

The game features plots of land called Otherdeeds. They are dynamic NFTs that can change according to the activities of users. Users also interact with Kodas, unique beings that serve as the game's foundation. Their energy helps keep the universe from collapsing. Kodas are also non-fungible tokens. 

Users got to first experience the Otherside universe in July 2021. 4,500 players were ushered into the game and could interact with their characters, speak to each other using 3D audio, and hear all other players at once. 

In March 2023, 10,000 players again got a first-hand experience with the Otherside universe. According to players who participated in the first and second trips, the experience was the same. 

It is worth noting that when the company first tested its Metarverse ambitions in March 2022, it generated $320 million from selling 55,000 Otherdeeds NFTs. The secondary sale of the NFTs has so far generated more than $800 million. 

As of writing, the floor price of an Otherdeed NFT is 1.2849 ETH on [OpenSea](https://opensea.io/collection/otherdeed). They are available for purchase on the marketplace. 

## About the company 

It was founded in February 2021 by two friends who, for a while, were known by their pseudonyms of Gordon Goner and Gargamel. They were later revealed to be Greg Solano and Wylie Aronow. 

The two, together with other friends, worked to launch the [BAYC NFT ](/news/article/bayc-nft-suffered-from-ftx-crash)collection in April 2021. The non-fungible tokens entered the market with an initial floor price of 0.08ETH (about $240 at the time). As of writing, their current floor price is 52.3 ETH (more than $90k). 

On June 2021, they launched Bored Ape Kennel Club (BAKC). They then launched MAYC in August 2021. In 2022 they acquired the rights to Cryptopunks and Meebits, growing their NFT projects. 

In February, the company announced the launch of its first-ever Bitcoin-based NFT project, TwelveFold. The NFT collection, comprising 300 generative art pieces, went live in March and garnered $16.5 million. 

## Conclusion 

Considering the milestone Yuga Labs has made in the Metaverse realm, it might have the chance to dominate the space. However, it faces stiff competition from Facebook, Apple, Google, and Microsoft, companies working hard to build their own Metaverse. 

yuga labs logo on image of bayc bored ape nfts with pink filter

Yuga Labs is taking over the Metaverse 

Summer Swap token was a reward earned from FIFA's Summer Swaps program. The program tasks players with [earning the tokens](/news/category/gamefi) through the completion of in-game objectives and Squad Building Challenges (SBCs). Once players understood how to get the token, and earned them, they can be traded for rewards. 

## Summer Swaps 2 

This is the latest token system in FIFA 22. Players can earn a total of 50 tokens from the program. Tokens earned can be redeemed for the following untradeable rewards: 

- 1 Token – 82+ x25 Players Pack. 

- 2 Tokens – 83+ x25 Players Pack. 

- 3 Tokens – 84+ x25 Players Pack. 

- 4 Tokens – Icon Moments Zambrotta. 

- 5 Tokens – 85+ x20 Players Pack. 

- 8 Tokens – 94+ Shapeshifter Player Pick (1 out of 4 player options). 

- 10 Tokens – 86+ x15 Pack. 

- 12 Tokens – Hero Shapeshifter Player Pick (1 out of 5). 

- 15 Tokens – 93+ Icon moments Player Pick (1 out of 3 player options). 

- 17 Tokens – 95+ Shapeshifter Player Pick (1 out of 5). 

- 20 Tokens – Ben Yedder Futties 97 OVR. 

- 24 Tokens – 95+ Icon Moments Pack. 

- 27 Tokens – Ben Yedder Futties 98 OVR. 

- 30 Tokens – Di Natale Shapeshifters Hero 97 OVR. 

- 32 Tokens – 96+ Shapeshifters Player Pick (1 out of 5 player options). 

- 34 Tokens – 94+ Icon Moments Player Pick (1 out of 4). 

- 36 Tokens – Icon Moments Cruyff. 

The more tokens collected, the better the rewards. 

## How to get the Summer Swap token 

- 1st token - Chris McCann: Earned after logging into FUT (FIFA Ultimate Team). 

- 2nd token - Joe Murphy: Earned by completing Maxwel Cornet Futties Objectives plus Murphy token. 

- 3rd token - Luke McCormick: Obtained by completing FUT 14 SBC (Squad Building Challenge). 

- 4th - Tomas Durso: Earned by completing Against the Tide (SBC). 

- 5th and 6th tokens - Danny Musovski and Ian Bermingham: Obtained by completing Objectives Win 4 Belgium. 

- 7th and 8th - Mark Oxley and Lars Nieuwpoort: Earned by completing Objectives Win 4 Uruguay. 

- 9th and 10th tokens - Shunsuke Ando and Matthis Harsman: Obtained by completing Objectives One Nation Germany. 

- 11th and 12th - Thijs Jansen and Barry McNamee: Earned by completing Objectives One Nation Netherlands. 

- 13th token - Rorry Gaffney: Obtained by completing Performance is Key (SBC). 

- 14th - Lewis Thomas: Earned by completing Futties Voting Day (SBC). 

- 15th - Dominic Bernard: Buy Futties Foundation Pack. 

- 16th - Waniss Taibi: Complete Casemiro Futties Objectives and Bernard Token. 

- 17th - Camilo Albornoz: Complete Bundesliga TOTS Challenge 3. 

- 18th - Antoine Lejoly: Complete Ultimate TOTS Challenge 3. 

- 19th and 20th - Abdelkabir Abqar and Erik Majetschak: Complete Objectives Win 4 Argentina. 

- 21st and 22nd - Ali Youssef and Ousoumane Camara: Complete Objectives Win 4 Brazil. 

- 23rd and 24th - Lassine Sinayoko and Feyzi Yildirim: Complete Objectives One Nation Portugal. 

- 25th and 26th - Ouparine Djoco and Jack Sowerby: Complete Objectives One Nation France. 

- 27th - Lenny Lacroix: Complete TOTY Challenge 4. 

- 28th - Yosuke Yuzawa: Complete Gelson Martins Futties Objectives and Yuzawa Token. 

- 29th - Pius Kratschmer: Complete Headliner SBC. 

- 30th - A Ndiaye: Complete Shapeshifters Challenge 15 SBC. 

- 31st and 32nd - Abdulwahab Jafar and Jubril Okedina: Complete Summer Swaps III Win 4 Mexico. 

- 33rd and 34th - Dean Lyness and Jaiber Jimenez: Complete Summer Swaps III Win 4 Spain. 

- 35th and 36th - Umut Gunes and Goro Kawanami: Complete Summer Swaps III Objectives One Nation Italy. 

- 37th and 38th - Anthony Uzodimma and Asahi Masuyama: Complete Summer swaps III One Nation England: Win 4 matches in the live FUT friendly. 

- 39th - Hugo Novoa: Win strategy SBC. 

- 40th - Jorge Padilla: buy Futties Foundation Pack. 

- 41st - Yanis Cimignani: Porto vs. Sporting SBC in Marquee Matchups. 

- 42nd and 43rd - Ugo Bertelli and Shilow Tracey: Win 4 Poland: Win 4 Squad Battles matches on min. Professional difficulty with 11 Polish players in your starting squad. 

- 44th and 45th - Edgar Lopez and Halldor Stenevik: Win 4 Switzerland: Win 4 Squad Battles matches on minimum professional difficulty with 11 Swiss players on your starting squad. 

- 46th and 47th - Krisztofer Horvath and Damian Isac: Finish Summer swaps IV Objectives One Nation Belgium. 

- 48th and 49th- Angel Zapata and Abdulaziz Majrashi: Complete All summers swap IV Objectives One Nation Brazil. 

- 50th summer token - Kyle Taylor: Earned by completing All Summers Swaps IV milestone. 

## Conclusion 

[Summer Swaps 2 ](https://earlygame.com/fifa/fifa-22-summer-swaps-tokens-rewards)was launched on 29 July, 2022, and players had up to five weeks to earn the 50 tokens. The live event ended on 29 August, 2022. Those lucky to get the tokens redeemed them for various gaming rewards, including players and packs. The [tokens](/news/article/augmented-reality-tokens-explained) were redeemable for rewards between 12 August and 29 August. 

Hopefully this helps explain how to get Summer Swap token as a FIFA 22 player. 

summer swaps token image with pink filter

How to Get Summer Swap Token

[Volt Inu](https://voltinu.in/) is a crypto project that aims to become a one-stop shop for DeFi projects. Launched in December 2021, it has quickly become a project worth watching in the crypto space. 

The project boasts an ever-expanding ecosystem that currently consists of a decentralized exchange, NFT collection, and crypto-based games, with more services on the way. It is on the Ethereum, Polygon, and Binance networks, with plans to expand to more networks. 

## Ecosystem 

The project’s ecosystem comprises; 

·         Voltichange 

[Voltichange](https://voltichange.net/) is a deflationary decentralized exchange. It enables users to trade any BEP20 or ERC20 token with a 0.25% fee that the system burns. The exchange provides crypto holders with a deflationary way to increase the value of their tokens. 

The exchange also helps cryptocurrency projects burn their token supply. There is a [widget tool ](https://voltichange.net/widget)that enables crypto projects to provide their users with an easy way to buy directly from Voltichange while burning their supply at the same time. Other notable features include a trending bar, token data, and favorite trades, which make trading easier. 

·         VDSC 

[Volted Dragons Sailors Club (VDSC)](https://volteddragons.com/) is an NFT collection of 10,000 3D dragons. The dragons are ERC-721 tokens on the Ethereum blockchain. They each have unique properties and traits that differentiate them and increase their rarity. 

The NFTs are available for purchase on OpenSea and other NFT marketplaces. Once you become a holder, you get exclusive access to future collections, exclusive rights, and revenues within the VOLT ecosystem, among other perks. 

·         Voltigames 

[Voltigames ](https://game.voltinu.in/)are [play-to-earn](/news/article/free-play-to-earn-games) games that offer multiple ways to earn VOLT tokens. 2D Racers is the first play-to-earn (P2E) game announced on the platform. It is an online racing game that can be played on browsers. 

In February, the crypto project released the first version of its NFT-focused game, Battle Royal, which can be played online. The game displays a fictional world of dragons that take part in battles on their island. VDSC NFTs are the backbone of the game. 

## VOLT 

VOLT is the native utility and governance token of the platform. It is a deflationary token that was launched on the Ethereum blockchain. It is designed to generate passive income for its holders through NFT fractionalization and node acquisition. 

The token is currently worth $0.000001697 and ranked the 289th largest cryptocurrency by market cap, valued at $92,810,418 by [Coinmarketcap](https://coinmarketcap.com/currencies/volt-inu-v2/). It is available for purchase in more than 100 exchanges, including Gate.io and Bittrue. 

The tokens have a max supply cap of 69,000,000,000,000 coins. There are currently 54,766,287,142,827 of them in public circulation. 

Besides purchasing the tokens, you can also earn them by participating in various activities in its ecosystem, including playing the P2E games, 2D racers, and Battle Royale. 

## Is Volt Inu a good investment? 

VOLT tokens' current market price makes them the best choice for beginner crypto investors. However, according to many cryptocurrency prediction platforms, the tokens are not the best choice if you are looking to make quick returns. They are better left as a long-term investment option. 

According to DigitalCoinPrice, the tokens might trade at an average price of $0.00000334 in 2023, $0.00000410 in 2024, $0.00000596 in 2025, and $0.00000743 in 2026. Digitalcoinprice predicts that even by 2032, the tokens will still not be trading above 1 cent. 

Priceprediction predicts the coins might trade at an average price of $0.00000199 in 2023, $0.00000288 in 2024, $0.00000419 in 2025, and $0.00000597 in 2026. Like Digitalcoinprice, Priceprediction does not see VOLT hitting the 1 cent price even by 2032. 

Ambcrypto, another popular crypto prediction site, predicts the tokens might trade at an average price of $0.0000011 in 2023, $0.0000026 in 2024, $0.0000034 in 2025, and $0.0000044 in 2026. 

All crypto prediction sites and analysts agree that the tokens might take a long time before they even trade above 1 cent. One[ prediction platform](https://crowdwisdom.live/crypto/volt-inu-price-prediction/) even calculates that it might take close to 40 years for the token to trade above 1 cent. However, this is the crypto space, and it is highly unpredictable. 

## Latest news 

Volt Inu's latest news reveals that its native utility token was recently listed on Huobi Global, a leading crypto exchange. The news was announced on 8 March, 2023, via [Twitter](https://twitter.com/VoltInuOfficial). 

The move is one of many Volt Inu is making to increase its native token's legitimacy and accessibility. The more people have access to the token, the better its price appreciation chances. 

## Conclusion 

Volt Inu is an ambitious cryptocurrency project looking to take over the DeFi space. According to its road map, it has already accomplished a lot and is still working on more ways to add to its services and expand its user base. 

The native token might not be performing well, but it still stands out with its use cases. The token is worth watching out for, especially as its ecosystem continues to expand and more people find their way into it. 

volt inu logo on pink image of blockchain

What is Volt Inu?

[BlueWallet](https://bluewallet.io/) is a non-custodial mobile Bitcoin wallet that allows users to do more than send, receive, and store Bitcoin (BTC). It is highly secure, feature-rich, and compatible with the Lightning network. It is designed to be simple yet extremely powerful. 

BlueWallet Pros and Cons 

## Pros 

- Plenty of usability features. 

- Compatible with the Lightning network. 

- Simple user interface. 

Available on desktop and mobile. 

## Cons 

- Only supports BTC. 

- Not enough guidance and educational materials. 

## BlueWallet Features 

BlueWallet has lots of usability [features](https://bluewallet.io/features/). They include; 

- Multiple wallets: The feature allows you to import compatible wallets from other BTC platforms like Bread and Electrum and manage them on the app. 

- Watch-only: It allows you to import your offline wallets' public addresses without going offline. It enables you to connect your hardware wallet and manage your cold storage. 

- MultiSig vault: It adds an extra layer of security to every transaction made. It works like two-factor authentication, requiring two or more private keys to confirm transactions. 

- Lightning wallet: The feature allows you to use the Lightning network without opening channels, being online, or operating and maintaining a node. You will, however, need to create a Lightning wallet. 

- Fees and transactions control: It allows you to set the fees you wish to pay for transactions. However, the lower the transaction fee, the longer it will take for transactions to be verified. 

- Plausible deniability: It allows you to define a different password that will decrypt a "fake" wallet setup. 

Other features include coin control, Payjoin, offline mode, custom entropy, Coldcard support, Cobovault support, hardware wallets support, PSBT (Partially Signed Bitcoin Transactions) support, broadcast transactions, notifications, Segwit support, batch transactions, multiple storages, and so much more. 

## Supported currencies 

BlueWallet only supports [Bitcoin](/coins/btc). However, it allows users to display the value of their BTC holdings in more than 30 fiat currencies, including EUR, AUD, USD, CAD, JPY, CHF, GDP, BRL, CZK, CNY, HRK, MYR, INR, MXN, and RUB. Blue has integrated MoonPay, which lets you easily buy BTC within it. 

## Accessibility 

BlueWallet is available in almost every country. It has desktop and app versions that can be downloaded on iOS and Android devices (as long as the app store permits it). 

It is available in more than 30 languages, including English, Spanish, French, Chinese, Japanese, Russian, Italian, Indonesian, Swedish, Norwegian, Danish, and Turkish. 

## Is it safe to use? 

BlueWallet is safe to use. It uses a 24-word mnemonic recovery seed to recover funds in case you lose your phone or forget your PIN. As a user, you can activate biometrics to unlock, delete, and sign a transaction. 

Wallets can also be encrypted with an additional password if you wish to add another layer of security. A further security feature is an option to set up decoy wallets in case you are forced to unlock your wallets. A decoy wallet may only be activated if a user has the encryption password set up. 

## Conclusion 

There are many reasons BlueWallet is considered by many as the best Bitcoin wallet. It is not only highly secure and feature-rich, but also very easy to use. Despite the fact that it is a BTC-only crypto wallet with little education materials, it is a great wallet to use for all your BTC business. 

BlueWallet Review 2023

CoinPayments is a global crypto payment solution and wallet that enables individuals and merchants to send, store, and receive Bitcoin and hundreds of altcoins as payment. 

Launched in 2013, it is the first payment processor to support altcoins. Since its inception, it has become a respectable and widely-used company in the crypto market. It boasts millions of users across 182 countries worldwide. 

## Pros and Cons 

#### Pros 

- Supports more than 2,305 cryptocurrencies. 

- Has lots of useful features, including merchant tools and vault services. 

- Easy to use. 

- Low transaction fees. 

- Mobile and website support. 

- Great security. 

#### Cons 

- Breach in 2017. 

## Features 

CoinPayments’ features are a major reason for its success. The platform has a wide variety of features (more than 40) that include: 

- Multi-currency wallet: The wallet enables businesses and individuals to send, store, and receive more than [2,305 cryptocurrencies](https://www.coinpayments.net/supported-coins), including Litecoin, Dogecoin, Ether, and Dash. The wallet is free to set up and available on the web and mobile. 

- Merchant tools: They are for merchants and offer various ways to accept crypto payments from customers. They include shopping cart plugins, payment buttons, APIs, invoice builders, mobile apps, and point-of-sales tools, which offer a simple way to accept in-person payments. 

- Cryptocurrency vault: The feature allows users to store their cryptocurrencies in a secure online database for as long as they want. Within the storage time, the cryptocurrencies won’t be accessible by any means. 

- E-commerce integration: CoinPayments is compatible with many leading e-commerce platforms like Shopify, Magneto, and WooCommerce. Merchants can also establish their own custom integrations using application programming interface (API) functionality for a tailor-made digital storefront. 

Other features include digital asset management, billing and invoicing, data security, transaction monitoring and history, payment processing, status tracking, a self-service portal, payment fraud prevention, and much more. 

## Security 

CoinPayments uses the latest technological security mechanisms to secure clients' funds. Users can set up two-factor authentication when registering their accounts to enhance security. Additionally, they can connect hardware wallets to their account as an additional layer of protection. 

It is worth noting that in June 2017, it was reported that hackers broke into CoinPayments Ripple-storing security databases and stole huge amounts of XRP coins. Six months after the breach CoinPayments managed to reimburse all affected users. 

According to CoinPayments, [the incident](https://blog.coinpayments.net/announcements/official-coinpayments-ripple-theft-statement) was not a hack but a network error that allowed a few users to withdraw excessive XRP coins from hot wallet XRP accounts. The company later assured users it had completed a complex back-end rebuild, including multiple new safety measures and protocols to ensure the issue never occurred again. 

## Fees 

CoinPayments is a fairly cheap platform to use. It has a flat fee of 0.5% for all incoming payments. The platform does not charge any fees for account creation. It also does not charge any withdrawal fees to use its wallet. 

There are network fees that vary depending on the cryptocurrency you are sending and how busy the networks are. They also apply when withdrawing cryptocurrencies. 

## Is the platform safe? 

Yes, CoinPayments is a safe crypto-payment platform. The platform has never had any security breaches or incidents since the 2017 XRP incident. Its team continues to amplify its security with the best and latest security mechanisms in the market. You can be sure your funds are safe while using the platform. 

## Accessibility 

CoinPayments is accessible in lots of countries across the globe. However, it is [inaccessible](https://www.coinpayments.net/help-restricted) in several countries, including Afghanistan, Algeria, American Samoa, Bangladesh, Belarus, Cambodia, Congo, Cuba, Eritrea, Iraq, Liberia, Libya, Qatar, and the US. 

In July 2022, CoinPayments [announced ](https://www.bleepingcomputer.com/news/technology/coinpayments-to-shut-down-in-us-5-days-left-to-withdraw-funds/)that it would cease operations in the US and advised its customers from the country to withdraw their assets before 19 July. The company blamed Anti-Money Laundering (AML) regulations and market changes for the closure of business operations in the US. 

The platform's restriction in more than 30 countries is one of its few cons. If you are in any of the restricted countries, you can't use any of the platform's services. 

Besides English, the platform is also available in French, Indian, Spanish, German, Portuguese, Japanese, Chinese, Russian, and Korean, among other languages. 

## Getting started with CoinPayments 

To benefit from CoinPayments services as a merchant, you'll first have to open a user account. The process is very simple. Go to the platform's official site and click the highlighted “Sign Up” button in the top right corner. 

On the next page, you will have two options, create a Personal Account or Business Account. You can choose either and fill in the required mandatory information. 

After you register your account, you will have to verify your email account by clicking on the activation link sent to the email you used to register for an account with. 

After you've verified your email, the next step is to sign in to your account and configure your Merchant ID, IPN, and other important credentials. How you do it is: 

- Go to the "Account" tab and click "Account Settings". 

- In the "Basic Settings" tab, you will find the Merchant ID you need to save or copy for later use. 

- In the "Public Info" tab, enter your full name, email ID, and the URL you want to be displayed publicly to customers for sending payments. 

- In the "Login & Security" tab, change the two-factor authentication (2FA) method from email to any convenient option. 

- In the "Merchant settings" tab, write your IPN secret code. Save and copy the IPN code for later use. Select the base currency and remember to toggle which notifications you want to receive. 

The next step is to choose which [cryptocurrencies](/news/article/what-is-future-of-cryptocurrency) you want to accept as payment. Go to the "Account" tab and click "Coin Acceptance Settings". Select the cryptocurrency you want to accept by checking the box next to each cryptocurrency and clicking "Update Coin Preferences". 

There are more steps to configure to start accepting cryptocurrency as payment to your wallet, like fiat settlement, crypto coins conversion, and payment forwarding, among others. Make sure to complete all the steps to avoid any hiccups. 

## How to use the CoinPayments wallet 

CoinPayments wallet is a mobile app that can be downloaded from the Google Play and Apple app stores for free. Once you've downloaded the wallet, sign up. The sign-up process will require your name, username, password, and your location. 

You will then receive a confirmation email to confirm your email address. Next, set up two-factor authentication. 

Log in and select whether to create a business or personal crypto wallet. After you've clicked "Wallet", you can choose between creating a standard wallet or a personalized PayByName wallet. Once you are done, you can start receiving cryptocurrencies in your wallet. 

To send crypto, you must have some crypto in your wallet. You can buy crypto from CoinPayments using a debit or credit card, PayPal, SEPA, or bank transfers. 

Once you have some cryptocurrencies in your wallet, you can send them to other wallets by pasting their public address, selecting the number of coins you want to send, and clicking the "Confirm" button. 

To withdraw cryptocurrencies from your wallet, choose from other supported payment methods and select the amount you want to withdraw. CoinPayments does not charge any fees for withdrawals. 

Remember that you must complete the KYC (Know Your Customer) process during your sign-up process to use all CoinPayments features. 

## Customer support 

CoinPayments has an exceptional customer support team that is prompt at delivering ready solutions to all customer queries. Users with queries must communicate by raising a ticket. 

To raise a ticket, a user visits the support wizard, where they are provided with a support code (valid for one hour) and a link to submit a support ticket on FreshDesk. Besides support tickets, users can also reach the support team via social media platforms like Twitter, Telegram, and Facebook. 

## Conclusion 

CoinPayments is an amazing crypto-payment platform with lots of attractive features. It is highly secure, easy to use, supports many cryptocurrencies, is accessible via the web and as a mobile app, features pretty low fees, and has a great customer support team. 

There is hardly anything not to like about the platform. It is no wonder many reviewers consider it one of the best crypto-payment platforms. 

coinpayments logo in front of blue image of cryptocurrency wallet

CoinPayments Review 2023

[Lil Pudgys](https://pudgypenguins.com/) is a collection of 22,222 unique NFTs. They are cute hand-drawn baby penguins that stand as allies of the popular Pudgy Penguins fighting the evil bears of negativity. They are available on the Ethereum blockchain.

## Traits

The NFTs have nine different attributes that contribute to their rarity. They include background, skin, body, face, head, right flipper, left flipper, legendary, and Pudgy knight. Most of the Little Pudgys have five traits, while few have one. Those with a single trait are the rarest, which boosts their price.

## Genesis

The non-fungible tokens were launched as a second-tier collection. They came with some of the perks of the first-generation collection. 

Their holders, for example, receive exclusive access to experiences, events, and IP licensing opportunities.

During their launch, they were distributed in two ways; 13,334 were placed in a public sale, while 8,888 were freely claimable for all Pudgy Penguin holders on their official website.

## Latest news

On 25 January, 2023, it was announced via [Twitter](https://twitter.com/pudgypenguins/status/1618288231552004100?s=46&t=R1xJskoeI803EEIhyRn8OQ) that the Lil Pudgys NFTs are officially cross-chain. They can now travel seamlessly between [multiple chains](http://media.pudgypenguins.com/post/lilpudgys-crosschain) starting with Polygon, [BNB Smart chain](/news/article/bnb-chain-security-system), and Arbitrum. 

The three chains were selected due to their rapidly growing usage and exposure. There are plans to expand to more chains.

## Where to buy them

The non-fungible tokens can be bought on several NFT marketplaces, including OpenSea, Rarible, LooksRare, and their official marketplace. Their current floor price is 0.63ETH, according to [OpenSea](https://opensea.io/collection/lilpudgys).

Compared to their predecessors, the NFTs are pocket-friendly, pricewise. They enable anyone to enter the NFT space without breaking the bank.

## Ecosystem

The digital assets are a part of the expanding Pudgy Penguin ecosystem. The ecosystem also boasts toys, a children's book series, merchandise, apparel, Pudgy Rods, another NFT collection, and truePengu, a non-tradable token that categorizes each community member into a specific coveted class. There are three truePengu tokens, Ice truePengu, iridescent truePengu, and Gold truePengu.


pink image of lil pudgys nft collection penguins all on boats in the arctic

Lil Pudgys Explained

After a tumultuous 12 months for cryptocurrency, the news predictions for 2023 and the years ahead are mixed.

Looking back, 2022 wasn't the best year for crypto. Terra Luna collapsed and resulted in an estimated loss of $300 billion across the crypto market. FTX collapsed and shaved $183 billion from the market. [Bitcoin](/coins/btc), the largest cryptocurrency, fell by 22%.

The exchange and coin collapses resulted in several crypto companies filing for bankruptcy, including [BlockFi](/news/article/blockfi-bankrupt-court-documents), Three Arrows Capital (3AC), Hodlnaut, and Voyager. Other companies that filed for bankruptcy in 2022 include Celsius, Vauld, and Zipmex.

Despite all the woes affecting the market, many believe it's just another season that will pass. The comeback story is on the way.

Some even believe 2023 may be the year crypto returns to its glory days. However, many have also become wary of it and predict a gloomy future. Some even say it might be an end for digital currencies.

## Positive cryptocurrency news predictions

Considering the cryptocurrency industry moves based on Bitcoin's price, the predictions here will be informed by it.

Several analysts, investors, and supporters predict a positive future for the industry based on Bitcoin's performance.

In January 2022, Yassine Elmandjra, an ARK Invest analyst, predicted Bitcoin could reach a price of $1 million by 2030. CoinLoan founder and CEO Alex Faliushin agreed with Yassine. According to Faliushin, by 2030 the whole industry will be more transparent and regulated, attracting more money into the market, which could lead to a rise in BTC price.

In October 2022, despite the industry's negative trend, a panel of 55 industry specialists surveyed by Finder predicted BTC would surge to trade at $270,722 by December 2030.

The latest cryptocurrency news predictions reveal that investors don't have to wait until 2030 to realize profits on their investments. Analysts and investors like Tim Draper, Alistair Milne, and Carol Alexander predict that 2023 might just be the year the industry makes a comeback.

According to Draper, a long-term cryptocurrency supporter and investor, Bitcoin might trade at $250,000 by mid-2023. The founder of Altana Digital Currency Fund, Milne, is not as optimistic, but he predicts that BTC might surge to trade at $45,000 in 2023. Both men cite the upcoming Bitcoin halving as a key factor to the coin's performance in 2023.

Alexander, professor of finance at Sussex University, predicts BTC might increase by $30,000 in the first half of 2023. According to the professor, BTC might trade at $50,000 per coin by the end of 2023.

The CIO of Arcane Assets, Eric Wall, is hopeful that BTC might trade above $34k in 2023.

Anthony Scaramucci, the founder of Skybridge Capital, called 2023 a recovery year for BTC. According to him might trade at $50,000 to $100,000 in two to three years.

Besides the analysts, several crypto prediction platforms also predict a positive future for the leading cryptocurrency and the entire industry.

[Ambcrypto](https://ambcrypto.com/predictions/bitcoin-price-prediction) predicts Bitcoin might trade at an average price of $32,000 in 2023, $29,000 in 2024, $38,000 in 2025, $51,000 in 2026, $68,000 in 2027, $90,000 in 2028, and $119,000 in 2029. According to the site, the coins might trade at an impressive price of $490,000 by 2034.

[Analyticsinsight](https://www.analyticsinsight.net/bitcoin-price-prediction-is-btc-set-for-an-all-time-high-2023/) predicts BTC might be worth $34,690 in 2023, $50,711 in 2024, $74,683 in 2025, $105,149 in 2026, $153,665 in 2027, $218,265 in 2028 and $323,564 in 2029.

[Priceprediction](https://priceprediction.net/en/price-prediction/bitcoin) says BTC might trade at an average price of $36,000 in 2023, $53,000 in 2024, $77,000 in 2025, $117,000 in 2026, $166,000 in 2027, $239,000 in 2028, and $337,000 in 2029. The cryptocurrency might be worth $719,000 by 2031, according to the site.

## Negative cryptocurrency news predictions

Mark Mobius, founding partner of Mobius Capital Partners, is one of few people who predict a dark future for the crypto market, according to the latest cryptocurrency news prediction. As early as December 2022, Mobius predicted that BTC would drop to trading at $10,000 by 2023.

The veteran investor states that with the US Federal Reserve tightening monetary policy and rising interest rates, BTC is poised to suffer more losses in 2023.

Matthew Sigel, head of digital assets research at VanEck Investments, seconded Mobius's prediction. Sigel predicts Bitcoin will trade between $10k and $12k in 2023. His prediction is based on higher energy prices and Ripple's SEC lawsuit.

Eric Robertsen, head of research at Standard Chartered bank, predicts an even darker future for BTC, stating that it might drop to trading as low as $5,000. He made his prediction back in December 2022.

[WalletInvestors](https://walletinvestor.com/forecast/bitcoin-prediction#:~:text=Bitcoin%20price%20equal%20to%2024109.60,Get%20It%20Now!&text=Get%20our%20PREMIUM%20Forecast%20Now%2C%20from%20ONLY%20%247.49!,-%2D%20Try%20Now%20Risk) is one of a few crypto predictions platform that has predicted an ugly future for BTC and, thus, the entire cryptocurrency market. According to the site, BTC might end 2023 trading at an average price of $10,434. By 2024, the leading cryptocurrency might be worth $1,604.

## Should you invest in the crypto market?

Based on the latest cryptocurrency news predictions, there are many reasons to be wary of the crypto market and many reasons to keep holding on as an investor. Supporters are divided on the market's future; some predict a positive future while others foresee an ugly one.

If you are already an investor, many supporters say there is no need to ditch the market. There have been worse days and the industry has always managed to survive. It is not the end yet.

Many supporters are hopeful that with the industry getting more transparent and with more regulation, it might draw in more investors, which will help with its growth.

If you want to invest in the crypto market, you must do your own research. The industry's volatility makes it hard to rely on predictions for investment decisions.

A good way to get into the market and survive situations like 2022 is to diversify your investment portfolio, according to many investors and experts.


blue image of crypto trading reports on a laptop

Cryptocurrency News Predictions 

Cardano Midnight is a privacy-focused blockchain set to revolutionize privacy and regulation in the blockchain landscape. The blockchain, a sidechain of Cardano, is yet to be launched.

According to its official website, it will be a [smart contract](/news/article/smart-contracts-blockchain) blockchain that allows users to only share information they want. It will enable users to share highly sensitive information without the fear of data leaks or censorship.

It will also allow developers to create DApps using many commonly used programming languages, making developing and deploying smart contracts easier.

The sidechain aims to protect the fundamental freedom of association by collaborating through open rules agreed upon by its community. It also seeks to protect the freedom of commerce by allowing users to exchange value securely and privately but in a regulatory-friendly way. Thirdly, it aims to protect freedom of expression by allowing users to express ideas and opinions without the fear of censorship.

## Zero-knowledge-proof technology (ZKP)

[Cardano Midnight](https://midnight.iohk.io/) is based on zero-knowledge-proof technology. The technology, which first appeared in computer science and cryptography, works by verifying information with minimal knowledge shared between parties.

The technology is popular because it tries to eliminate issues plaguing other authenticating ways, like hacking and loss of control of user data. Other privacy-focused blockchains using the technology include Monero (XMR) and ZCash (ZEC).

## DUST tokens

DUST token will be the native token of Midnight. Its use cases haven't yet been revealed. However, most project followers believe it will be used to pay gas fees. The token will co-exist with ADA, the native token of Cardano.

Once it launches, stakers on Cardano will earn DUST tokens automatically together with ADA rewards, according to its developers.

## Allegations

After the sidechain's announcement, Monero was quick to point out that it had a "backdoor". The privacy network claimed that the opportunity for authorities to audit, which was mentioned in the announcement of Midnight, is a “backdoor” for regulators.

IOG countered the allegations stating that regulators' interference would only be possible if authorized. Monero later called off its allegations and deleted the tweets that drew suspicion to the project.

The sidechain was [announced](https://twitter.com/IOHK_Charles/status/1593624972001349632) on 18 November, 2022. However, informants reveal that developers have been working on it, in secret, for four years. Charles Hoskinson, the CEO of IOG, admitted that he had to bite his tongue on many occasions not to reveal the project.

## Conclusion

Cardano Midnight and its native token, DUST, are part of the [Voltaire era](https://roadmap.cardano.org/en/voltaire/). If successful, the project is set to revolutionize privacy and regulation in the crypto space and give blockchains like Monero and ZCash a run for their money.

As of writing, not much about the project is known. However, according to Hoskinson, 2023 is set to be a fun and exciting year for the project. Updates are on the way.


blue image of cardano coin and click face showing midnight

Cardano Midnight: A New Privacy Blockchain 

[PlayDapp](https://playdapp.io/) is a blockchain-based gaming ecosystem that aims to make crypto assets more accessible to the public through crypto games. It also aims to lead the play-to-earn space. But is it a good investment?

The service provides a platform for users to trade gaming characters and content with a diverse portfolio of games and NFTs. It is a customer-to-customer marketplace. All games on the platform are interoperable and work across multiple chains like Ethereum, Avalanche, and [Solana](/news/article/solana-dex-labs-explained).
Some of the games on the platform include Cryptodozer, Dozerbird, Dozertreasures, Homerun Challenge, and Along with the Gods: Knights of the Dawn.

## PlayDapp SDK (Software Development Kit)

This is a developer's tool that helps developers and companies easily participate in PlayDapp’s ecosystem. It helps developers of companies struggling to build blockchain infrastructure to link their assets or digital items with straightforward system integration. When assets have been designated as blockchain-based [NFTs](/news/article/nft-collaborations), they can be exchanged with other games in the gaming ecosystem.

## PLA

This is the native utility token of PlayDapp. It is an ERC-20 token and the primary payment method in its ecosystem. Gamers can use it to buy NFTs and other gaming items.

As of March 2023, the token is worth $0.2071, according to [Coinmarketcap](https://coinmarketcap.com/currencies/playdapp/). It is ranked the 244th largest cryptocurrency globally, with a live market cap of $137,944,484.

If you are considering investing in the token, it is listed on several crypto exchanges, including Binance, Coinbase, Bitrue, and BingX. It can also be earned by participating in prize events; developers earn tokens after each in-game purchase or trade.

The tokens have a max supply cap of 700,000,000 PLA coins. There are currently 537,855,941 in public circulation.

## Price history

PLA entered the crypto market in October 2020, priced at $0.17. It, however, struggled to break through $0.20 for the remainder of the year.

2021 was a good year for the token. On 17 February, it hit its first high of $0.73. The price appreciation was attributed to the launch of CryptoDozer, the first game to be launched on the platform.

It continued to enjoy a bullish run and reached several highs in the following months.

Again, its price highs were attributed to announcements including its plans to go into the NFT sector and Metaverse.

On 8 July, PlayDapp launched its second game, the Dozerbird, on the Google Play store Japan, which again helped with token price appreciation.

On 31 October, 2021, the token experienced its all-time high of $3.68, attributed to the launch of the game "Along with the Gods: Knights of Dawn" in 170 countries and a new NFT auction feature. Despite its good start, PLA ended 2021 worth $1.43.

The token began 2022 trading at $1.43. However, by the end of January, it was worth $0.9292. In early February, it traded above $1, only to be worth $0.9694 by the end of the month. By 25 March, it was up to trading above $1. The last time it traded above $1 in 2022 was 6 April, when it was $1.11.

It began 2023 worth $0.1342. By the end of January, it was worth $0.2274. Considering its current price, the token has been showing some noteworthy price appreciation.

## Is PlayDapp a good investment?

Is PlayDapp a good investment option? There are many reasons to answer 'yes'. Firstly, it is an ambitious project that continues to make strides to realize its goals for the gaming community. Since its launch, it hasn't experienced any worrisome setbacks.

Secondly, it’s backed by a great team of developers, operators, marketers, and designers. Sang Chung is currently the head of business of the company. He previously worked at NCSOFT, a world-leading gaming publisher.

Donny is the company’s head of development. He joined PlayDapp with close to 20 years of experience in the IT industry. Kai is the company's head of tournament. He is another veteran in the Korean Gaming industry.

It has also entered many strategic partnerships that continue to help grow its user base and offer more services to gamers. The project has, for example, signed strategic partnerships with IPX (formerly Line Friends), a digital IP platform, JBD entertainment, Hancom Inc, Redbrick, and KB Kookmin Card.

The latest news reveals that the gaming ecosystem bought [ProudNet](https://www.crypto-news-flash.com/playdapp-buys-proudnet-to-bring-reliable-secure-technology-to-us-game-market/), a renowned peer-to-peer server network provider, to enable it to tap into the US gaming market.

As for the PLA token, several crypto prediction platforms view it as a good long-term investment option. 

Bitcoinwisdom predicts the token might trade at an average price of $0.367555 in 2023, $0.577615 in 2024, $0.841534 in 2025, and $1.10 in 2026. Those who hold the tokens even longer might see them trade at an average price of $2.47 in 2031, according to the prediction site.

Technewsleader predicts PLA might trade between $0.37 and $0.41 in 2023, $0.54 and $0.64 in 2024, $0.77 and $0.93 in 2025, and $1.08 and $1.33 in 2026. The site predicts that the longer you hold on to the tokens, the better it may be. According to the site, the tokens might trade between $4.38 and $5.36 in 2030.

According to Priceprediction, PLA tokens might trade at an average price of $0.36 in 2023, $0.50 in 2024, $0.73 in 2025, and $1.02 in 2026. Those who hold to the tokens even longer might see them trade at an average price of $4.89 in 2030, $6.96 in 2031, and $9.92 in 2032, according to the site.

Not all platforms predict a promising future for PLA tokens. WalletInvestor, for example, argues against investing in the tokens. According to the site, PLA might trade at an average price of $0.02 in 2023 and 2024, $0.03 in 2025, and $0.01 in 2026. The tokens have no possibility of ever trading above $1, according to the site.

## Conclusion

Is PlayDapp a good investment? It is a great project that looks to revolutionize the gaming industry. So far, it has lived up to many people's expectations, making it worth looking into.

Its native utility token, PLA, also stands out as a cryptocurrency worth paying attention to. Several crypto prediction platforms view it as a good long-term investment option, despite its current market price.

Before investing in any crypto project or asset, always do your research.


Is PlayDapp a Good Investment 

Atari token, or ATRI, is a decentralized cryptocurrency developed by Atari Chain, a subsidiary of Atari, the popular American game development company.

The token was designed to meet the needs of the interactive gaming industry. Its main goal is to become a universal means of payment for the video game industry, giving gaming developers and publishers more options for monetizing their products, integrating smart contracts, protecting in-game assets, and much more.

Atari token is currently being used to pay for goods and services in its ecosystem, earn rewards, and make stakes.

## Atari Chain

The company develops the tools for its ecosystem. So far, it has created several tools, including:

•	Portal: The portal allows users to interact with ATRI tokens and their ecosystem. Users can, for example, buy, exchange, withdraw, deposit, and stake their tokens from within the portal. The portal not only allows access to users' wallets, but also displays vital information like their transaction history.

•	Smart wallet: The wallet provides a place where users can securely store, manage, and exchange their crypto. It is a mobile wallet that works with a combination of off-chain and on-chain technology. The wallet also provides users with a place to store NFTs.

•	Decentralized exchange: The DEX allows users to swap between Ethereum, [Fantom](/news/article/fantom-crypto-undervalued), and ATRI tokens via the Metamask browser extension. While the selection of crypto assets is quite limited at the moment, there are plans to add additional asset support soon.

The gaming company is also in the DeFi space and Metaverse. Its official site features a DeFi interface that allows users to purchase and stake their tokens for staking rewards.

As for the Metaverse, it already has a theme park featuring a variety of its gaming experience in The Sandbox virtual world. In 2021 it also launched a casino within Decentraland, another popular virtual world.

## Atari token

It is an ERC-20 standard token based on the Ethereum network and also operates on the Fantom blockchain. It is currently worth $0.00218, according to [Coinmarketcap](https://coinmarketcap.com/currencies/atari-token/), and is the 990th largest cryptocurrency in the world with a live market cap of $4,886,062.

Like most cryptocurrencies, it has a max supply cap, which stands at 1,975,082,183 coins. There are currently 1,481,092,185 of them in public circulation.

For those interested in purchasing it, it is available on Pancakeswap, Uniswap, Hotbit, Bitbay, and its own DEX.

It is worth noting, however, that Atari token can't be bought directly with fiat currency. To purchase the coin, buyers must first buy other cryptos, like ETH or [BTC](/news/article/bitcoin-surge-hits-new-heights), from a crypto-to-fiat exchange, then move to a crypto-to-crypto exchange that lists the coins to purchase them.

## Is it a good investment?

There are a few reasons to consider Atari token as a good investment option. Firstly, it is backed by a reputable gaming company, which helps with its credibility. The coin is here to stay.

Secondly, its ecosystem keeps expanding, which can help with its price movement in the future. The more people start and continue using the coins, the higher the chances it might grow in price. The coin is already being used in the DeFi space and Metaverse.

Its parent company's numerous partnerships are another reason to have high hopes for the coin and consider it an investment option. So far, its parent company has partnered with the Litecoin Foundation, Game Taco, Rockstar Games, Enjin, Native Gaming, and Wax, to mention a few.

Several crypto prediction platforms also see ATRI as a good long-term investment option. It, therefore, might not be the best option if you are looking for quick profits.

According to Ambcrypto, ATRI might trade at an average price of $0.096 in 2023, $0.12 in 2024, $0.15 in 2025, and $0.19 in 2026. Cryptonewsz predicts the coin might hit a high of $0.0319 in 2023, close 2024 trading at $0.0342 per coin, and hit a maximum price level of $0.0446 by the end of 2025.

Most crypto prediction platforms agree that the coins might experience slight positive price movements. They also agree that it will be a long time before they start trading above $1. Some don't even see the coins trading above $1 by 2030 or 2031.

While the coins' current market price might deter some investors from investing, it does offer a good entry point into the crypto market for some beginners.

## Conclusion

ATRI stands out as a token looking to dominate the gaming industry. It might not be where it is supposed to be price-wise, but considering what its parent company is working on, based on its roadmap, the coin has the potential to become one of the most sought-after cryptocurrencies in the gaming space. There are many reasons to keep a close eye on Atari and its crypto.


green image of atari machine with Atari token logo overlayed

What is Atari Token?

The Luna coin news latest reveals that Do Kwon, the founder of collapsed Luna and TerraUSD tokens, and his company Terraform Labs problems are far from over.

In Singapore, 350 investors impacted by the collapse of UST consequently issued a [lawsuit](https://s.wsj.net/public/resources/documents/221028-HCOC2472022-StatementofClaimdated23.09.2022.pdf) against Kwon seeking [$57 million](https://www.investing.com/news/cryptocurrency-news/do-kwon-faces-57-million-fraud-lawsuit-by-terrausd-investors-2926118) in compensation.

In South Korea, prosecutors have frozen assets worth $92 million affiliated with the Terra tokens. The seized assets were taken from Kernel Labs, a tech firm closely related to Terraform Labs.

South Korean authorities issued an arrest warrant for Do Kwon on charges including fraud and market manipulation. His location is still unknown.

## Luna coin's history

Before looking at the Luna coin news latest, let's take a look back. The coin’s history begins in 2019 when it was launched by Terraform Labs, a company founded by Do Kwon and Daniel Shin.

It was created to be the native token of the Terra blockchain. It had several use cases in the Terra network. Holders could use it as a method of payment and vote on network changes. It could also be staked for staking rewards.

It entered the crypto market worth $1.31. A year later, its value was still below $10. However, things would quickly take a turn for the better in 2021.

On 4 October, after the launch of the Columbus-5 Mainnet upgrade, it reached its first all-time high of $49.45. On 27 December, it recorded its highest value of the year, trading at $103.33 per coin.

It began 2022 on a high note reaching a new all-time high of $119.18 on 5 April. However, it would suffer a substantial loss on 6 May, dropping to trade at $82.94 per coin. By 13 May, it had fallen to trading at an all-time low of $0.00001675.

May marked the end of the cryptocurrency, once one of the most successful decentralized finance coins. It was a coin that had been ranked as the seventh largest cryptocurrency by market capitalization by Coinmarketcap.

## TerraUSD (UST)

[TerraUSD](/news/article/terra-usd) was a stablecoin operating on the Terra blockchain. Unlike other stablecoins, it was an algorithmic stablecoin that used LUNA coin to maintain its peg to the US dollar. It was not backed by an actual dollar, but by an algorithmic stablecoin.

UST coins were created by burning LUNA coins. They could also be swapped for LUNA. How the two coins worked was if the value of UST went above $1, the equivalent value of LUNA would be burnt, therefore minting more UST, making it less valuable. However, if the price of UST dropped below $1, they would be swapped for LUNA, making UST valuable. The two coins relied on each other for stability.

The relationship between the two cryptocurrencies had them both crashing when UST lost its peg to the US dollar.

## The market crash

On 7 May, 2022, more than $2 billion worth of UST was unstaked from the Anchor protocol, a decentralized money market built on the Terra blockchain. Hundreds of millions worth of the unstaked stablecoin was later quickly liquidated. This resulted in UST dropping in price from $1 to $0.91.

Once the huge amount of UST had been offloaded, the stablecoin started to depeg. Investors started to panic, and many of them sold off their UST, resulting in the minting of more LUNA coins, increasing its public circulation.

## After the crash

The UST crash had a devastating effect on the crypto market. The price of Bitcoin fell to $26,000, down 60% from its November 2021 peak. Ether, the second largest cryptocurrency, lost 30% of its value. Coinbase, one of the largest crypto exchanges, reported a loss of $430 million in its first quarter.

Do Kwon, the Chief Executive of Terraform Labs, tried to salvage the situation by proposing a burn of UST via a tweet on 11 May, 2022. The community passed the proposal, but the burning was not a success. It attempted to burn more UST than existed.

On 13 May, Do Kwon proposed another plan to create a new blockchain and leave behind the failed stablecoin. The community accepted the plan, resulting in a new blockchain and cryptocurrency called Terra 2.0 and Luna 2.0.

## LUNA 2.0

It is a new version of the old LUNA coin. It lives on the new Terra 2.0 blockchain and was created to compensate those who suffered heavy financial losses after the TerraUSD crash. It also provided a way for the Terra network to try and recover from the devastating market crash.

The token was released to the public on 28 May, 2022. It started trading at an impressive price of $18.98 and briefly spiked to $19.45 within the first hour of trading. However, by the end of May, it dropped to trading at $8.88. For the rest of the year, it traded between $2 and $1.

It began 2023 worth $1.26, and is currently trading at $2.09. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna-v2/), it is the 93rd largest cryptocurrency by market cap, valued at $305,627,338. 

The coins have a max supply cap of a billion coins. There are currently 202,010,814 of them in public circulation. They have already been listed on several crypto exchanges for purchase, including Binance, KuCoin, and Crypto.com.

LUNA 2.0 differs from its predecessor in that it does not rely on any stablecoin, algorithmic or not, for stability.

## Luna Classic (LUNC)

[LUNC](/news/article/luna-classic-news-future) is the old Terra blockchain's native token. The blockchain is now called Terra Classic. The token maintains all the properties of the original Terra Luna coin.

After the hard fork, LUNC began trading at $0.0001206 per coin. By the end of May, it was worth $0.0001147. By mid-June, it dropped to trading at $0.00006177. Once in a while, it made some slight price appreciation but not enough to warrant attention. It ended 2022 worth $0.0001452.

It began 2023 worth $0.0001451. It is currently worth $0.0001852. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna/), it is the 53rd largest cryptocurrency by market cap, valued at $1,107,506,959.

While many people may have lost faith in the cryptocurrency, it is still listed on several crypto exchanges for those who wish to invest in it. Some places to buy the cryptocurrency include Binance, Bybit, Deepcoin, OKX, and Bitrue. The coin has a max supply cap of more than six trillion.

## LUNA 2.0 and LUNC compared

So far, LUNC and LUNA 2.0 are doing pretty well price-wise. The coins are on a positive trajectory, and some investors are a little optimistic about them.

However, Luna coin news latest reveals that LUNC is doing much better than its new version. LUNC price performance has been doing well because of the recent burn.

The LUNC burn is a move that was passed by the coin’s community to try and save its ecosystem and restore its price.

The new Terra Classic blockchain where LUNC lives has a unique coin burn feature designed to reduce the circulating supply of LUNC tokens while increasing their value.

The LUNC burn mechanism automatically burns tokens whenever a transaction takes place on the Terra Classic network. Tokens burned are relative to the number of tokens in circulation, ensuring that the total supply of LUNC tokens is constantly decreasing, which helps with increasing their value over time.

Binance, one of the largest crypto exchanges, is also implementing the LUNC burn mechanism on trades facilitated by it. The exchange has committed to carrying out LUNC burns monthly. So far, the exchange has burned close to 14 billion LUNC tokens.

The Terra Classic community has burned more than 26 billion LUNC tokens. In the last two weeks, as of writing, the community has burned close to 20 million LUNC tokens. Unlike Binance, which executes the burns monthly, the Terra Classic community carries out the burns weekly.

The continued burn of LUNC tokens has not only increased the number of investors buying them but interest in them too. This is why their price has been surging. More than 40 billion LUNC tokens have been burned so far.

LUNC tokens also outshine the new version with a strong community. The token might have rebranded, but it still is supported by a strong community. Its large network of stakeholders continues to go to great lengths to keep it afloat and hopefully get it back to its former glory.

## LUNA 2.0's future

Since its launch, few people have been hopeful about the new Terra token. Several financial analysts have been quite vocal about its quick death and deterring investors from considering adding it to their crypto portfolio.

Founder and CEO of Quantum Economics Mati Greenspan, for example, when asked about the coin's future, stated that it was never meant to live long.

According to Greenspan, the coin was created for a few investors who had heavily invested in its collapsed version as a way to recover some of their losses at the expense of new money coming from the hype. He added that he didn’t see any reason for the coin’s price to ever go up.

Khaleelulla Baig, founder and CEO of Koinbasket, backed up Greenspan's statement by saying the coin had no future because its founder Do Kwon had lost credibility. The project had lost credibility because Do Kwon didn’t build firewalls around the algorithms even when they had an opportunity to do so.

The two are not the only ones who predicted a dismal future for LUNA 2.0 back in 2022. The cryptocurrency has been through a lot. It is obvious why many people would be wary of it and even predict its quick demise.

However, considering Luna coin news latest, it isn’t performing as badly as many thought it would be. Compared to other cryptocurrencies that have been around longer, it is doing considerably well. While its future is hard to predict, it is worth keeping an eye on.


green image of altcoins with LUNA token in the centre

LUNA Coin Latest News

The [Pixelmon](https://www.pixelmon.ai/#Lore) NFT project made history on 7 February, 2022, when it raised a staggering $70 million from primary NFT sales, making it one of the largest in the NFT market.

However, the project quickly became a laughingstock, with some claiming it was a scam after revealing its highly anticipated NFTs. The NFTs' artwork was far from what buyers had been sold on. They were hideous.

This guide looks at the Pixelmon NFT project and if it is still worth it.

## What is Pixelmon?

Pixelmon is an Ethereum-based NFT game where players trade and train tiny monsters called Pixelmons while exploring a virtual universe. Players have to acquire and battle Pixelmons to win rewards, which come in the form of [ETH](/coins/eth) or Pixelmon NFTs.

The game is free to play with some optional pay-to-play features. It is designed to cater to all types of players, including solo, multiplayer, PvP, and PvE. It is accessible on PC and mobile, with plans to be available on more platforms.

### Some of the game’s features include:

•	Pixelmon Generation 1 NFTs

They are the first playable species that players can own. They are 68 in number with more than 130 unique evolutions. They are a limited drop and no longer attainable after the first genesis collection.

They have several perks, including enabling owners to gain exclusive access to airdrops of land, which can be staked for in-game yields.

•	Evolution

The monsters are designed to evolve when trained. Once they have evolved, they not only obtain a new look but stat boosts and new abilities too. They, therefore, become more powerful, giving players an edge when competing in battles.

A [serum](https://pixelmon.gitbook.io/pixelmon-1/serum) is required for a monster to evolve. During the evolution process, only the serum is burned and the player is left with two NFTs, the old and newly evolved monster.

•	Land

Players can also own [land NFTs](https://pixelmon.gitbook.io/pixelmon-1/land) in the game. Land NFTs enable players to gain certain services and extract resources.

Land is split between urban (yield) and peripheric (resource extraction). There are plans to add a third type called region, allowing players to expand the map itself.

•	Tokens

There are plans for the Pixelmon NFT project to feature native utility tokens and governance tokens. The [utility token](https://pixelmon.gitbook.io/pixelmon-1/utility) will be the primary currency of the entire game ecosystem. It will be used to craft items and armor, buy cosmetic assets, and upgrade assets, among other things.

Utility tokens will have a capped total supply and be earned in various ways, including participating in competitions, battles, themed events, and selling NFTs and in-game items.

The [governance token](https://pixelmon.gitbook.io/pixelmon-1/governance-token) will enable the creation of four tribes as in-game DAOs; fire, water, earth, and air. The tribes will have responsibilities and financial ownership over their tribe wallet's tokens inflows and outflows. Much about the tokens is yet to be revealed.

## The controversies

Truth be told, Pixelmon did a great marketing job. By the time its Genesis NFT collection began minting via a Dutch auction, it had already amassed thousands of followers on various social platforms. On Twitter alone, it had more than 200,000 followers.

So hyped was the project that its Genesis collection sold out in a matter of hours. Then came the reveal date, and no buyer was smiling.

The species artwork was far from the in-game renders that the development team had posted on social media. The [NFTs](/news/article/free-nfts) were so poorly designed that the project became a laughingstock.

Buyers were not amused and the project’s team came under harsh criticism. 

Extreme scrutiny revealed that the development team had outsourced NFT artwork design to freelancers. The reveal was infuriating to many as the community had been misled into believing that the project had a dedicated team of artists working on the NFTs.

After harsh criticism, ridicule, and threat of legal action, the team accepted they had messed up and assured its community they were working hard to rectify all shortcomings.

## Changes

True to its word, the Pixelmon NFT project has undergone tremendous changes. Its NFTs are no longer as hideous as they were.

There is a new leadership team and an overhauled roadmap. Its development has been taken over by LiquidX, a Web3 VC studio that helps build NFT-based projects.
LiquidX acquired a 60% stake in the project, according to a press release, and its co-founder Giulio Xiloyannis serves as its CEO.

As per the new road map, alpha testing of the game is set to begin in the first quarter of 2023, while the full game is due in late 2023.

## Conclusion

Despite its shortfalls, which have been rectified, it might be too early to consider the Pixelmon NFT project a lost cause. The project already has new leadership and a new roadmap that reveals good things are on the way. As for now, only time will tell if the project can still live up to its hype and huge claims.



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