It has engaged millions of people, but is still to launch its own coin. That's why making a Pi Network price prediction is so challenging!

Pi Network was created in 2019 by a group of Stanford University graduates. Unlike other [cryptocurrencies](/news/article/what-is-future-of-cryptocurrency), Pi does not require any specialized hardware to mine. Instead, users can mine Pi using their mobile devices, which makes it accessible to a much larger audience.

The Pi Network is built on a unique consensus algorithm called the "Proof of Work/Proof of Stake" hybrid model. This algorithm allows users to mine Pi by verifying their identity and contributing to the network's security by verifying transactions.

Pi Network's consensus algorithm is designed to be lightweight, energy-efficient, and more accessible than the mining algorithms used by other cryptocurrencies.
Pi has a limited supply of 10 trillion coins, which will be gradually released into circulation as users mine and verify transactions on the network. Currently, the Pi Network is in its beta testing phase. Users can earn PI coins by simply downloading the Pi Network app (read to the end to know how to download the Pi app) and creating an account.

## Social mining?

One of the unique features of the Pi Network is its social mining approach. Instead of competing against each other for rewards, users are encouraged to build their networks of trusted contacts and earn additional PI coins by inviting new users to join the network. This social mining approach creates a more inclusive and collaborative community where users can work together to build the network and earn rewards.

Another important aspect of the Pi Network is its focus on user privacy and security. The Pi Network uses a combination of advanced cryptography and [blockchain technology](/news/article/blockchain-for-dummies) to protect user data and prevent fraud. 

Transactions on the network are verified using a decentralized consensus mechanism, which ensures that all transactions are valid and there is no possibility of user-ended issues.

Furthermore, even without an active coin, the Pi Network has launched a wallet and a browser for users to experiment with. This way, early adopters can get familiar with how the Pi system operates and get straight to extracting their coins when the coin drops.

Unlike other cryptocurrencies that require massive amounts of energy to mine, the Pi Network's consensus algorithm is designed to be energy-efficient and sustainable. This makes PI a more eco-friendly alternative to other cryptocurrencies like [Bitcoin](https://bitcoin.org/en/), which have come under scrutiny for their massive energy consumption.

## 25 million users without an active coin?!

A huge pointer to Pi being an exciting project is the fact that the company has managed to accumulate more than 25 million users on its platform – even before launching the PI coin or the mainnet!

This is also one reason why getting a Pi Network price prediction in place is almost impossible. When there's no coin in circulation yet, you have to make a calculated prediction about its future value, which is the case for the Pi Network coin.

The platform's marketing has been on-point, and there's real value in the Pi Network, leading to a huge user base. Moreover, the team behind Pi have done a great job of being active and not letting the user base sit idly while the network is being developed.

## Pioneers, Contributors, Ambassadors, and Nodes

Pi has allocated four roles for its users, providing ownership to them and allowing multi-level marketing to take place.

Pioneers are general users registered on the Pi Network app. These users must verify their identity daily to ensure they're not tagged as bots by the app.

Contributors are basically pioneers who have taken part in three mining sessions. This role is just a virtual medal for active users taking part in the network's activities.

Ambassadors, well, do what their name suggests. They act as ambassadors of the Pi Network, bringing in other users to the platform for further rewards.

Nodes, lastly, are users who participate in the node software on their computers, interacting with other nodes to generate as many coins as possible. They can "generate" coins and collect them, but there won't be any earnings yet. The users will be able to gain all the tokens they've generated ONCE the coin gets released.

A system like this allows users to feel connected with the platform, which is one of the main reasons for the network's popularity.

## Hackathon

The Pi Network also held a hackathon for developers to test their DApps on the platform. This was done with the help of the Enclosed Mainnet of the Pi Network, allowing developers to deploy various DApps.

Of course, these DApps will be publicly operational once the mainnet is released – which is unknown and unannounced for now. The activities will be powered by the PI coin, allowing transactions for all kinds of applications.

## Pi Network price prediction

As we mentioned above, considering the PI coin hasn't been released, and the mainnet's release is yet to be announced, too, giving a Pi Network price prediction is tough.

Nonetheless, there are still a few opinions by experts and analysts in the industry.

A lot of sources advise users to stay away from the Pi coin, as there is much ambiguity regarding its future – a valid point. When you don't know when the coin and the main network will launch, it's smarter to wait until more information is available.

On the other hand, a few websites have estimated a Pi Network price prediction. [DigitalCoinPrice](https://digitalcoinprice.com/coins/picoin), for example, thinks that the PI coin will launch around the $0.007 mark.

## Pi Network price prediction 2023, 2024, 2025

Generally, this prediction for the Pi Network will be a shot in the dark, with little to no information at our disposal. However, we can still take some factors into play and get some understanding of the PI coin's future price.

For example, we know that the Pi Network project is unique, and it looks very promising even at its current stage. With millions of users already participating in its activities, the network seems strong, which is always a great look for the company's future valuation.

We suspect that the Pi coin could reach $0.009 or even $0.01 by the end of 2023 if there’s enough social hype around the app. By the end of 2024, the price could push even further if the developers manage to maintain the utility of the Pi network, keeping the users engaged within the app.

Lastly, we could see the Pi coin cross the $1 mark in the future, perhaps by 2025, if the crypto market returns to stability by then.

Overall, the Pi Network and PI coin represent an exciting new development in cryptocurrency. With its innovative consensus algorithm and social mining approach, Pi has the potential to become a significant player in the world of digital currencies. If you want to discover more about Pi, you can download the Pi Network app [here](https://minepi.com/#download)!


pi network logo on image of person trading

Pi Network Price Prediction and Features 

Xinfin is an exciting up and coming crypto project. Today we'll be going over XDC news and price prediction.

## What is XinFin (XDC)?

[XinFin](https://xinfin.org/) is a hybrid [blockchain network](/news/article/blockchain-for-dummies) focusing mainly on global financial trading and aiming to make the process easier for everyone, regardless of location.

The name XinFin is short for exchange infinity, which might give you an idea about the company's motive. XinFin has been all over the news lately, so let's discuss why it's risen in popularity so quickly.

There are two major issues with two different industries that XinFin aims to solve with its network: the finance sector's outdated trading infrastructure and crypto's complete anonymity within transactions. XinFin eliminates both issues by providing a middle-ground, with an open blockchain network that consists of smart contracts as well.

One big factor that allows XinFin to stand out from its competitors is its steps to integrate with the finance sector. For starters, the XinFin protocol is compatible with the [ISO-20022 messaging standards](https://www.iso20022.org/), allowing it to integrate seamlessly with SWIFT systems, legacy banking, and ERP applications.

This would allow XinFin to be used on a wide range of platforms, providing those decentralized services within regular banking models. Not only does this give a much more integrated infrastructure for trading assets, but it also allows financial institutions to view XinFin in a good light. Perhaps the way XinFin has gone about its business model could pave the future of crypto that we all hoped for.

## The XDC01 Protocol

The efficiency and speed of XinFin are made possible with the help of a special XCD01 protocol that XinFin has deployed. The protocol, in essence, is a hybrid system consisting of public and private networks. This means that it gets benefits from private networks, like secure transactions, and from the public state, such as decentralization and transparency.

This hybrid setting is unique and allows the protocol to provide not just immensely rapid transaction speeds, but also remain completely transparent with its operations. All transactions are made possible with the XDC token, which serves as the main currency for the XinFin network.

## Interesting XinFin features and figures

There are many other features of XinFin, and we'll go over a few exciting aspects of the network.

We haven't really mentioned the retail side of XinFin's operations, so now would be a good time to talk about the XinFin wallet and its functionality. In simple terms, the network also has a user-friendly wallet where you can not only buy XDC, but also trade it for various other tokens like Bitcoin and Ethereum.

We should also talk about the sheer speed and efficiency of the XinFin network. We did mention that it focuses on being rapid, but we didn't talk about how rapid it is with its transactions compared with other blockchain networks.

For comparison, [Ethereum](/news/article/ethereum-price-in-uk) can perform up to 16 transactions per second, which is decent, but XinFin can do more than 2,000 transactions per second. Is that impressive, or what? Next, each transaction charges around $0.00001, which is a huge deal when compared with Ethereum, which charges $10. Lastly, where ETH consumes 20.61 TWh, XinFin only requires 0.0000074 TWh.

So, the XDC network is pretty much an improvement over the likes of BTC and ETH in terms of transaction speeds, energy consumption, and overall efficiency.

## XDC news and token price

XDC is the main token for XinFin and is involved throughout each network process. The initial maximum supply set for XDC was at 100,000,000,000 tokens, and it will remain so. 25% of this supply was kept for the owners and the XinFin team. The majority of tokens (32.5%) were reserved for users taking part in the XinFin ecosystem to circulate the coins.

## XDC price

If we talk about the [price of XDC](https://coinmarketcap.com/currencies/xinfin/), then it's currently sitting at $0.02968, with a 0.72% increase over the last 24 hours. Furthermore, the price saw a decent 4.47% growth over the past week, which, given that it had to pass through Friday, is a great result. It has a circulating supply of 13.8B XDC, making it one of the bigger cryptocurrencies in the market.

## XDC news

In recent about XDC news, the company announced a new project that it is launching called DAOFin. This will provide XinFin with a decentralized funding structure for future network-related improvements like ecosystem development, network upgrades, and much more.

There will also be a comment period until 15 March, when the public can present its opinion regarding DAOFin. This will allow XinFin to get some idea of what the public sentiment might be regarding this move and how much of its assets should be invested in it.

That's it for the latest XDC news. Now let's get into future price predictions for XDC for the years 2023, 2024, and 2025.

XinFin (XDC) price prediction 2023, 2024, and 2025
As of writing, the XDC news is that the token is going for $0.0258, and it seems to form a bullish pattern due to its features and usability. It might very well be that the token gets to see a great increase in price in a short period.

But, the volatility of the crypto market must be kept in mind when making such predictions. We advise everyone to do their own research before investing in any token, let alone XDC. Now that a disclaimer has been provided, let's get talk price prediction.

### XDC price prediction for 2023

For 2023, with the way the current crypto market is, we don't suspect a huge spike in price for XDC. However, as we see the coin growing in value nonetheless, there is reason to believe it might end the year on a good note. The XDC news could be of the token ending the year at $0.0542.

### XDC price prediction for 2024

If things become more stable, as we hope for next year, we could good XDC news as the token takes off. Thanks to its seamless integration between decentralization and transparency, XinFin could be the foundation for future crypto projects. All this means it's bound to grow in value, hence a price prediction of around $0.0954 for 2024.

### XDC price prediction for 2025

In 2025, we might see crypto return to regularity, with a significant focus on utility and cooperation with various financial institutions worldwide. This is something that XinFin will be able to target comfortably, providing not just a retail approach for consumers, but also industrial integration with the major financial players in the industry.

Due to all we've discussed above, we could see XDC news that the token's value has crossed the $0.1 mark by 2025. Anywhere from $0.1 to $0.15 could be a viable price for XDC after a couple of years.

Again, all this is based on speculation and prediction – remember to take this with a grain of salt, as the crypto market can be highly unpredictable. There are good chances that the price of XDC goes the other way and drops down instead. However, the project’s utility and functionality lead us to believe that that’s the more improbable route.


xdc coin logo on pile of other crypto coins

XDC News and Price Prediction 

Gambling has evolved into a booming industry. With the advent of technology, the online gambling market has exploded, providing easy access to various casino games to people worldwide. One [online gambling platform](/news/article/betfury-crypto-dapp) that has gained immense popularity is Gamdom.

Gamdom is a comprehensive online gambling platform that offers users a wide range of games. From traditional [games you'd find in a casino](https://www.casino.org/games/), like roulette, blackjack, and slots, to innovative games like crash, hi-lo, and Tradeup – it has something for everyone. The platform was launched in 2016 and is regulated and licensed by the Curacao authorities.

The fact that an entire state regulates a gambling platform indicates a degree of legitimacy and security. Gambling is an industry where one can definitely experience shady business regularly – so such a platform is a feasible option for gambling enthusiasts.

## Features of Gamdom

One of the standout features of Gamdom is its user-friendly interface. The platform is easy to navigate, and users can quickly find the games they seek. The website is also optimized for mobile devices, allowing users to gamble on the go. Additionally, this platform offers a seamless user experience with fast loading times and minimal lag.

Another notable feature is its social aspect. Users can chat with each other while playing games, creating a sense of community on the platform. The website also offers a live chat feature where users can talk to customer support representatives in real-time. The customer support team is available 24/7 and is known for its quick and helpful responses.

It also offers a range of bonuses and promotions to its users. New users can take advantage of a welcome bonus, which typically includes free coins that can be used to play games. Gamdom offers regular promotions, including daily bonuses, giveaways, and special events.

One major factor that sets Gamdom apart from other online gambling platforms is its focus on esports. The platform offers betting on a variety of esports games, including CS:GO, Dota 2, and League of Legends. This makes Gamdom an excellent choice for gamers interested in [esports betting](https://en.wikipedia.org/wiki/Sports_betting).

## Conclusion

To sum up, Gamdom is a comprehensive online gambling platform offering a wide range of games, a user-friendly interface, social features, and esports betting. With its focus on safety and security, Gamdom provides an environment that feels safe and secure for users to gamble online.

Additionally, its customer support team is known for its helpfulness and quick responses, making it a good choice for those seeking a reliable online gambling platform.


Gamdom Online Gambling Platform 

[Cryptocurrency](/news/article/cryptocurrency-books-guide) is becoming more popular, with increasing numbers of people investing in digital currencies like Bitcoin, Ethereum, and Litecoin. However, trading cryptocurrency can be a challenge at times. Some platforms charge more than others, some have more options, and some are easier to work with. Today we're discussing [BestChange](https://www.bestchange.com/), and why it’s becoming an increasingly popular crypto exchange platform.

BestChange is a cryptocurrency exchange aggregator that allows users to compare exchange rates from multiple exchange services in real time. The platform was launched in 2007 and has grown to become among the most popular exchange aggregators on the market. It currently supports more than 250 exchange services and offers exchange rates for more than 10,000 currency pairs.

## Features of BestChange

One of the standout features is its user-friendly interface. The platform is easy to navigate, and users can quickly find the exchange rates they are looking for. The website is also optimized for mobile devices, allowing users to check exchange rates on the go. Additionally, BestChange offers a seamless user experience with fast loading times and minimal lag.

The website design itself isn't really too glamorous or pleasing to the eye, like most other exchanges. It's designed to get the job done and be easy to operate for traders, and it nails that well.

Another notable feature is its reliability. The platform only works with trusted and verified exchange services, ensuring that users can exchange their currencies with confidence. Additionally, BestChange does not charge any fees for its services. Users only need to pay the fees charged by the exchange service they choose to use.

BestChange also offers a range of tools to help users make informed decisions when choosing an exchange service. The platform provides information on the reliability and security of each exchange service, as well as user reviews and ratings. Users can also use the platform's calculator to calculate fees and exchange rates for a specific transaction.

Using BestChange allows users to find the best exchange rates for a variety of digital currencies. The platform supports popular cryptocurrencies like [Bitcoin](https://bitcoin.org/en/), [Ethereum](https://ethereum.org/en/), and [Litecoin](https://litecoin.com/en/), as well as lesser-known currencies like Ripple, Dash, and Zcash. This makes it a good choice for anyone looking to buy or sell digital currencies.

## Using BestChange for your businesses

BestChange is not only a great platform for cryptocurrency enthusiasts, but also for businesses that deal with digital currencies. The platform offers an API that allows businesses to integrate exchange rates into their websites or applications. You can find the API [here](https://pypi.org/project/bestchange-api/%5C).

This can be particularly useful for businesses that accept cryptocurrencies as payment or those that deal with international clients. By providing real-time exchange rates, businesses can ensure they always get the best deal when exchanging digital currencies.

## Conclusion

In conclusion, BestChange is a reliable and convenient platform that helps users find the best exchange rates for a variety of digital currencies. With its user-friendly interface, real-time exchange rates, and helpful tools, BestChange provides a seamless user experience for anyone looking to exchange cryptocurrencies.

Additionally, the platform's focus on reliability and security ensures that users can exchange their currencies with confidence. Whether you're a seasoned cryptocurrency investor or a newcomer to the world of digital currencies, BestChange is worth checking out.


hands transferring an ethereum cryptocurrency

BestChange: Find the Best Crypto Rates

The price at the time of writing of Jade Protocol sits around $13.20, with the market cap being around $12.89m. Its 24h trading volume sits at about $300 – comparatively a lower figure showing an unpopular response to the crypto token.

## What is Jade Protocol?

[Jade Protocol](https://jadeprotocol.io/) is a cross-chain decentralized investment collective aiming to provide a new level of transparency and security in decentralized finance (DeFi). It is currently deployed on the [Binance Smart Chain](/news/article/bnb-price) (BSC) and the Avalanche C-Chain. It aims to provide a platform for users to invest in various assets and earn returns through a decentralized, trustless, and transparent system.

## Jade Protocol price prediction for 2023

According to the predictions by some crypto experts and analysts, Jade Protocol's price is expected to grow in the coming months, with the value at the end of the year almost doubling its current state. As per the claims, the minimum price of Jade Protocol is expected to be $24.875, which gives a lower barrier for interested parties.

Furthermore, if you're one for optimism, the maximum price can reach up to $36.580 – worth almost triple the current price of Jade Protocol. Finally, after considering the upper and lower bounds, we can expect the average price to be around the $29.264 mark. The signs look good with this token, but these claims must be taken with a grain of salt.

As we all know, cryptocurrencies can never be trusted to stay positive and always ride upwards in value. These tokens are highly volatile and can incur sharp drops and hikes to prices that no one can expect.

Hence, such price predictions are mere guesses, and the real price of Jade Protocol may well be much higher or much lower than the claims made. Always make sure you do your research before investing!


Jade Protocol Price and Predictions 

## What is DexGuru and how can you use it? 

DexGuru, peculiarly, is not a DEX (Decentralized Exchange) itself, as the name might suggest. Instead, it helps you better understand other DEXs, with a well-executed user interface to make things easier. As the company explains on [its blog](https://blog.dex.guru/DexGuru101) – “DexGuru offers data”. 

There are a lot of complexities and technicalities when it comes to trading – especially cryptocurrency. You need to weigh hundreds of different variables to ensure you have the relevant information to make proper trades. 

To a novice trader, all these 'switches and knobs' won't really make sense, nor will they matter. However, if you're enthusiastic about trading and want to understand how the market works, DexGuru could be the perfect tool. 

You can do much with DexGuru, with [charting](/news/article/understanding-crypto-price-charts) at the core of the feature list. You can play around plenty with the charts on the app, with functions like overlaying various charts on top of each other, looking through different periods for comparison, and multiple indicators to understand trends. Moreover, you can compare and view up to nine different charts simultaneously – a dream come true for avid traders! 

You can also monitor all the trading activity related to your favourite crypto tokens 24/7. It's not just basic information like buying and selling prices; DexGuru can also help you dive in much deeper, like how much of the token whales, sharks, and bots are buying, respectively. 

You can also trade using the DexGuru platform, with a feature referred to as a "swap tool" by the developers. You can buy and sell "spot" assets on the platform without using another DEX. 

## Trading crypto, but it’s not a DEX – how? 

You might have this question in mind, "they said it isn't a DEX, but then how can you buy and sell crypto assets on it?". 

The catch is that it uses the [0x API](https://www.0x.org/) as its foundation to facilitate all crypto-related transactions. This not only helps its users trade “in-house”, but it also provides the best rates on the market. Moreover, because of using 0x, DexGuru itself doesn’t charge any extra fees, as most other DEXs do. 

It's a win-win situation for everyone, making DexGuru a great application for trading. It's insightful, easy on the eye, and facilitates cheap trading for users while providing a mountain of important data – what more could you possibly need? ## 

dexguru logo on blue image of blockchain code

What is DexGuru and How Does it Work?

Even with the entire crypto world operating like [headless chickens](/news/article/cryptocurrencies-prices-plummet), some great steps are still being taken to resuscitate the industry. Activities like NFT meetups, seminars, and networking events can play a huge part in reviving the industry's image. We'll be going over some of the most exciting NFT events London offers in this piece.

## Networkverse: Open-mic and networking

The first event to keep a lookout for is [Networkverse](https://www.eventbrite.com/e/networkverse-nft-web3-metaverse-tam-open-mic-and-networking-tickets-516521047357?aff=ebdssbdestsearch&keep_tld=1), presented by Zee West. It will take place at the Temple of Art and Music in Farringdon. The event will be held on the 16 February and will be one of the first major NFT events in London in the month of February.

The idea of the event is to present a space where individuals interested in the crypto field can get more information and listen to experienced professionals from different facets of the industry. Various panellists will be at the event, ranging from Web3 experts to blockchain developers.
The event will provide attendees with an excellent opportunity to speak with high-influence individuals and expand their network.

## Web3 and NFT meetup at the Arcade Apes bar

This one is hosted by [Web3 Events](https://www.eventbrite.co.uk/o/web3-events-57908379873), and it’s another intriguing [event](https://www.eventbrite.com/e/calling-all-web3-and-nft-enthusiasts-in-the-uk-tickets-481334082197?aff=ebdssbdestsearch&keep_tld=1) to consider attending if you're a crypto enthusiast. Happening on 18 February, you can head to the world's first Bored Ape Yacht Club bar, [Arcade Apes](https://arcadeapes.com/web3/), to participate. It seems like the perfect venue to host an NFT-related discussion and networking event.

There's one factor in this event that differentiates it from most other NFT events London offers, or elsewhere, it promotes participation of women and promises a 50-50 male-to-female cutoff at the event.

As for the itinerary, there will be a panel of speakers discussing the future of Web3 and how the industry can move forward productively. There will also be a Q&A if anyone has particular queries regarding any crypto-related topic.

To make networking easier, there will also be a bunch of fun board games to break the ice with. Locating the event won’t be too difficult, as the bar can be found on Google, and it's situated right next to the famous Buckingham Palace.

## Blockchain/Metaverse/NFT meet up at the Tower Suites

NFT events in London are one thing, but networking events where you can get a panoramic view of the entire city – now that’s a totally different experience. If you want to experience and take part in this fun event, head to the Tower Suites in London on 18 February. The event is organized by Stratis, a blockchain solution company founded in 2016.

Stratis has an entire blockchain architecture built on top of Bitcoin. It provides developers with a platform on which to build their blockchain-based apps and games.
The event will serve as an opportunity for like-minded individuals to come along and discuss the field of crypto and NFTs, networking their way to potential partnerships and deals. You can even head to the Skyline Bar to grab a few drinks, giving you a relaxed, comforting state of mind so you can go about your business without any worries.

## NFT evening at a ‘private members club’

The Luxe Club is hosting this [next event](https://www.eventbrite.com/e/crypto-nft-and-web3-networking-evening-at-a-private-members-club-in-london-tickets-523459781297?aff=ebdssbdestsearch&keep_tld=1) on our list, as it will take place on 20 February in Mayfair, London. If you're looking for high-profile NFT events in London, look no further than The Luxe Club, as it hosts monthly Crypto/NFT evenings for members to get together and discuss the industry's happenings.

This is also the only event on our list that requires an entrance fee for participation – all the others are free. The main reason behind the fee is probably the nature of the event itself, as you can expect a proper reception, a formal dinner, and private tables. Since the event is at a 'private members club', there ought to be a fee to ensure the experience is kept top-notch by the organisers.

If you're looking to attend the fanciest NFT events London offers, where you can get expensive drinks and a fine-dining experience, sign up for a cool £35 fee.

## Final thoughts

Although these aren't the only NFT events London will witness in February, they are some of the more exciting ones to look forward to. If you would like to join an entire crypto-related club and meet regularly with other members, we'd recommend going for the event presented by The Luxe Club – the last option on our list. It will not only help you expand your network, but also provide you with a luxury experience while at it!

However, for strictly business purposes and to speak with high-value individuals regarding potential deals and cooperation, you should go for the other events on the list.

Firstly, you won't have to pay an entrance fee. Secondly, you will be able to hear from industry-leading panellists regarding their experiences with crypto. Ideally, the goal is to learn, expand your professional circle, and grow!


Exciting NFT Events London Offers this Month 

## Crypto exchange Gemini in line for the next round of downsizing

In yet another blow to the industry, crypto exchange, Gemini plans to lay off another 10% of its staff to cut back on costs.

The [report](https://www.theinformation.com/articles/gemini-is-laying-off-10-of-staff-marking-latest-blow-for-winklevoss-crypto-startup?utm_content=article_push&utm_medium=organic&utm_campaign=AB_post&utm_term=AB_post) was provided by The Information after it intercepted an internal communication plan meant for Gemini's employees. The message referred to the crypto industry's crisis, as well as some "bad actors" in the industry that caused Gemini to make this decision.

This is the third round of downsizing that Gemini is going through within the past six months, as the crypto exchange is experiencing tough times.

The president of Gemini, Cameron Winklevoss, said the company had hoped to avoid further staff cuts, but that the "persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry" left it with no choice.

Of course, the party in question was none other than Genesis, and its parent company Digital Currency Group. Due to Genesis' own financial issues and bankruptcy, it has failed to meet obligations to Gemini and the crypto exchange platform's special project, Earn.

Earn is an interest-paying financial instrument that Gemini offers. The finances provided for the lending were covered by the Genesis group. However, due to bankruptcy, it was unable to pay the remainder of the due costs, which – [according to Gemini ](/news/article/winklevoss-claims-genesis-owes-investors)– amounted to around $900m.

There was a back-and-forth between the two entities on social media as well, with [Twitter](https://twitter.com/gemini/status/1592873279232278532?lang=ens) being the main playground for the heated exchange.

## Increasing trend of lay-offs in the crypto industry

Gemini isn't the first crypto exchange or crypto-based company to lay off its employees in the past year. The increasing number of bankruptcies, failures, and downright fraud committed by multiple crypto entities has contributed to a huge crash in the market.

After all these companies inherit losses and find it difficult to cover their expenses, the only stakeholder with a target on its back tends to be the employee.

The mismanagement of funds by upper-level executives is becoming more and more detrimental to not just company employees, but the crypto industry itself.

We wait to see how the market revives – if it does at all – and how much trust skilled workers will have in these crypto entities once again.


red image of employees carrying boxes out of office

Crypto Exchange Gemini Cuts Staff Again 

Dai is a crypto based on the Ethereum network. Its main defining feature is the fact that it's a stablecoin.

Dai works alongside MakerDAO, and the Maker Protocol, to ensure the stability of its coins is maintained throughout its existence.

Maker Protocol is open-source software, which, due to its nature, is accessible by anyone. It sits on the Ethereum network seamlessly, allowing Dai to carry out its operations to remain a stable crypto coin.

## How do stablecoins work?

Stablecoins are extremely popular in the crypto world, as they provide stability and regularity in the heavily volatile crypto world. In simple terms, [stablecoins](/news/article/what-are-stablecoins) are cryptocurrencies that match the US dollar in value. Essentially, its exchange rate with the USD will always remain 1:1 - if things are going well, that is!

This means that even if the crypto market is falling, a stablecoin, like Dai, will stay at the same ratio as the dollar. In fact, there are several reasons why you might want to hold on to a stablecoin instead of US dollars in fiat:

•	A stablecoin is less likely to be affected by inflation when the government prints too much fiat currency.

•	Stablecoins, like Dai, provide a borderless and international mode of payment that seamlessly transfers anywhere in the world in minutes.

•	The cost of transactions with these stablecoins is lower, too, with most options only requiring some cents per transaction.

## Types of stablecoins

Why are these coins, including Dai crypto, able to match the US dollar's value and stay par with it? Well, there are multiple ways to achieve that feat - mainly three, to be specific.

## Algorithm-based stablecoins

With these coins, particular algorithms are set to allow the crypto to match the USD's value. These projects will consist mainly of two different tokens representing the same organization: one to deal with the market's volatility and the other to stay level with the dollar.

This is the slightly more uncommon route we see in the crypto industry regarding stablecoins, as the other two models follow are more popular. Both the following models are based on the concept of collateralization, so we'll delve a bit into that before we talk about the models themselves.

## Collateralization

You may have heard of the term "collateral". It is a common term and an important factor in obtaining loans. If you're not familiar with collateralization, [here’s](https://www.fe.training/free-resources/corporate-finance/collateralization/) a great source of information where you can learn about the topic in depth.

To put it briefly, collateralization is securing a loan by providing a valuable asset in return to the lender. The asset that's provided as security to the lender is called collateral. Dai's approach to being a stablecoin in the crypto industry also follows the collateralization route.

## Crypto-backed collateralization

In this case, users provide cryptocurrency as collateral to obtain that project's tokens. To get their crypto back from the platform, they need to return the exact amount of tokens they borrowed plus a processing fee.

If we're talking about Dai crypto, in particular, it makes use of Ethereum as crypto collateral. So, users keep Ethereum in the vault of MakerDAO as collateral to receive Dai tokens in return. And, when they're looking to retrieve their Ethereum, they need to pay the exact amount they loaned in Dai, plus a fee on top. This is how the platform maintains stability and consistently matches with the USD.

## Fiat-backed collateralization

This follows the procedure of the crypto-based method, but uses fiat instead of cryptocurrency as collateral. Users can provide any fiat currency as collateral to receive that platform's token and then vice versa when they need to return it. Tether USD or TUSD is a popular stablecoin that follows this strategy to stabilize itself.

## What makes Dai crypto unique?

A major factor that makes the Dai crypto unique is that it was one of the first projects to introduce the idea of decentralized finance or DeFi. Its usage of stablecoins and matching with the exact value of the dollar, but more liquid and accessible, meant that it seemed more viable for the future.

Dai crypto is also one of the few stablecoins based on Ethereum using crypto collateralization. It also offers great incentives and security for users. One huge security factor with Dai is that it maintains a specific ratio of 150% of Ethereum kept as collateral to the amount borrowed in Dai. This means that to borrow $10 worth of Dai, one would need to keep $15 worth of Ethereum as collateral with MakerDAO.

And, if this ratio is ever broken or inconsistent, the user can appeal and receive a proportion of the collateralized Ethereum in compensation.

## Anomalies with Dai crypto

Dai has remained pretty stable over the years, with the crypto matching the USD value with a 1:1 ratio. However, there was one incident where it spiked to $1.11 in value. An increase of 0.11 might not seem much in the crypto world usually, but it's massive for a stablecoin.

It's worth noting that this happened during the COVID-19 pandemic when the market was extremely volatile. Apart from that, Dai has remained one of the best stablecoin options in the market, if not the best.

## Integration with applications and MKR token

MKR is the main crypto token of the MakerDAO platform and is tied heavily with Dai. Its primary role lies in the governance and operation of Dai. Holders of the MKR token have a say in the future of Dai. They can have voting rights, with the main idea being [decentralized governance](https://makerdao.com/en/governance/) for the Dai crypto. There are various forums and voting platforms where holders can have their say openly.

## Other applications

Various applications use Dai and accept it as a means of payment. These include crypto exchanges and platforms, such as [Coinbase](https://www.coinbase.com/), [Metamask](https://metamask.io/), and [Ledger](https://www.ledger.com/). Some popular Metaverse games also accept payment in Dai - notable names include [Sandbox](https://www.sandbox.game/) and [League of Kingdoms.](https://www.leagueofkingdoms.com/)

## Final thoughts on Dai crypto

The fact that Dai is accepted widely by many big-name applications shows that it's seen as a reliable crypto token. Accessibility is a big factor in making cryptocurrencies important for users. Dai does just that with its usability and stability.

Another crucial aspect that Dai implements well is integrating the community and users within the project. It's important, today, to involve your community in your operations, especially as a crypto-based project.

Dai looks to stay strong moving forward, with a great foundation like MakerDAO supporting the project. Hopefully, we have a lot more to come from the project in the future too!


green image of euros and altcoins with dai crypto in centre

Dai Crypto Contribution to the Stablecoin World

MyAlgo Wallet is a [digital cryptocurrency wallet](/news/article/solana-phantom-wallet-guide) launched by the Algorand Foundation. This project by Algorand is fairly new and is the second digital wallet in their collection. Here's how you can create a new wallet on MyAlgo and activate it properly.

## Create an account on MyAlgo Wallet’s website

Open your browser of choice and head to the [MyAlgo Wallet website](https://wallet.myalgo.com/new-account). 

Here, you'll see the terms and conditions and a rather in-your-face disclaimer. The website will warn you of the decentralized nature of the digital wallet, and also remind you to take special care of your mnemonic seed, which we'll discuss below.

Then, you set a password that passes the requirements set by the website and click on "New Account". This will allow you to create a new MyAlgo Wallet.

## Store and verify your mnemonic seed phrase

On your screen, you'll come across five cards consisting of a collective total of 25 words. This will be your mnemonic seed phrase. Ensure you save it, store it somewhere safe physically on a piece of paper, and never lose it. It will be the only verification method to access your account should a mishap occur.

You'll also be asked to verify this seed phrase in the same order as it was displayed previously. Make sure you get this part right!

## Set an account name and voila!

Finally, set a name for your wallet and hit the "Create Account" button. You're now set and ready to start trading ALGO crypto coins!

We must stress this again; it is essential that you make sure that your mnemonic seed phrase is secure and accessible only to you. If someone else gets access to it, they'll automatically have access to your account. 

Don't leave yourself vulnerable, and be safe out there!


blue image of hands opening wallet with myalgo logo

MyAlgo Wallet: How to Make and Use One

The global crypto crisis in recent months has sent shockwaves throughout various industries - especially the financial sector. 

More often than not, the infrastructure of crypto technology itself was blamed. However, Japanese crypto and finance experts have suggested otherwise, putting pressure on global financial regulators to monitor the industry properly.

One of the [major statements](https://www.bnnbloomberg.ca/japan-pushes-global-counterparts-to-regulate-crypto-like-banks-1.1870854) came from the deputy director-general at the Financial Services Agency's Strategy Development and Management Bureau, Mamoru Yanase. He believes that crypto should be regulated just like any other financial institution on a global level.

"What's brought about the latest scandal isn't crypto technology itself," said Yanase, with regard to FTX's failure in the US and Japanese crypto markets. "It is loose governance, lax internal controls, and the absence of regulation and supervision."

Financial experts from the US are mainly of the opposing opinion, as they consider crypto an inadequate technology - one that's not sustainable for the long term. However, the Japanese crypto viewpoint considers the industry to be of immense significance - only lacking the vigilant and proactive regulation that such a large industry requires.

This entire discussion is based on the [FTX case](/news/article/ftx-bankrupt-who-to-blame) that's been going on since November. The fallout from FTX sent the entire crypto industry into an unforeseen frenzy. And, looking back at it now, it was probably the lack of supervision and control that led to the whole mess in the first place.

## Sale of FTX’s Japanese crypto branch imminent

Mamoru Yanase also touched upon the sale of FTX Japan, as the crypto company went bankrupt last year. He mentioned how the Financial Services Agency has helped to "segregate client's assets" from FTX Japan's account to ensure their safety. 

Furthermore, he added that clients would be able to withdraw their assets from their FTX Japanese crypto accounts as early as February.

As per a report from [Cointelegraph](https://cointelegraph.com/news/japanese-regulators-want-crypto-treated-like-traditional-banks) based on a recent court filing in the US, there were 41 parties interested in buying out FTX Japan.

It only makes sense to put in place controls and regulations for crypto transactions, like those for the banking sector globally.

This must be done to avoid future issues like money laundering and stealing of assets. Otherwise, a proper revival of the crypto industry seems far off from happening any time soon - at least in the eyes of Yanase.


japan backgound in yellow with Mamoru Yanase

Japanese Crypto Regulation Call Made

## After initial court approval, Voyager seeks national security review of Binance deal
Adding to the list of ambiguities amidst the recent crypto events, a court has given Voyager approval to sign a deal with Binance worth almost $1bn. However, Voyager is still seeking a positive response from a national security review of the agreement.

The court looked at the Voyager Binance deal on 10 January, as Voyager signed an "asset purchase agreement" with Binance. Michael Wiles, a US bankruptcy Judge, dealt with the proceedings.

This isn't Voyager's first time trying to sign a deal with a major crypto player. Its first attempt to sell its assets was to FTX. However, [that deal was opposed](/news/article/voyager-lending-ftx) by CFIUS (the Committee on Foreign Investment in the US), as FTX was in a state of bankruptcy itself and couldn't afford the deal any longer. Voyager was extremely vigilant this time to ensure the CFIUS didn't oppose this transaction with Binance.

## Terms of the Voyager Binance deal
The Voyager Binance deal includes a few significant terms to keep in mind. The biggest one is that Binance would have all Voyager customers transferred to Binance. This would allow customers to withdraw and use their crypto - something they haven't been able to do with Voyager since last July.

In return, Voyager will receive $20m from Binance as a cash payment. This sale is extremely important for not just Voyager, but its ex-customers too. If the deal breaks down and CFIUS blocks the transactions, Voyager will be forced to sell off all of its crypto possessions to repay customers. This would result in a lower amount than if the Binance deal gets the go-ahead.


The company in bankruptcy estimates its customers would [receive around 51%](https://news.bloomberglaw.com/bankruptcy-law/voyager-customers-projected-to-recover-50-on-crypto-claims) of their crypto’s worth if the Binance deal works out.

## Background of Voyager’s bankruptcy

Voyager wasn't the first crypto exchange to file for bankruptcy last year. The [Terra and Luna debacle](/news/article/terra-luna-collapse) was a massive hit for the crypto industry and resulted in an almost domino-like downfall for many big-name crypto players.
Initially, FTX was Voyager's main candidate to sell its assets to. However, FTX was in a rut and unable to follow through with the deal. The fact that the owner of FTX was arrested amid allegations of fraud was also a red flag for Voyager’s attorneys.


red image of stock market with Binance and Voyager logos overlayed

Voyager-Binance Deal Approved by Court

IT and blockchain solutions firm Core Scientific has shut down 37,000 crypto mining rigs it had hosted for Celsius, a cryptocurrency lender. The two companies came to this mutual agreement because Celsius had [gone bankrupt](/news/article/celsius-bankruptcy-protection), and it could no longer afford the massive mining rig farm.

Core Scientific first brought up this complaint in October when it [claimed](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910202280000000005.pdf) that Celsius had not been keeping up with its due bill payments. The IT firm still managed to hold on to its initial hosting contract for a further two-month period, but eventually filed a motion to cancel the contract between the two companies on 28 December.

According to the information brought up in the court, holding on to the contract was neglecting Core Scientific of about $2 million per month in potential revenue. 

Furthermore, Core Scientific claimed to have covered around $7 million in bills left unpaid by Celsius, but it couldn't "shoulder the burden of Celsius’ unpaid costs” anymore. The rising energy costs due to the ongoing Russia-Ukraine crisis also played a role in Core Scientific’s decision.

Finally, the mining rigs, all 37,000 of them, were shut down on 3 January, 2023, with no plans of restarting them any time soon.

## But why hasn’t Celsius been able to pay its bills?

A few months ago, Celsius filed for bankruptcy; hence, it couldn't afford to pay for the 37,000 mining rigs. The main reason behind the firm's bankruptcy was the downfall of the crypto market itself, as it was tightly correlated with Celsius' business model.

When your main course of business relies on lending cryptocurrency to others on highly lenient loan terms, you’re bound to get hit hard if the value of those cryptocurrencies plummets. That’s exactly what happened to Celsius. With the [crypto market crash](/news/article/crypto-crash) in 2022, along with the entire [Terra Luna debacle](/news/article/terra-luna-collapse), it would’ve taken a miracle for Celsius to have survived.

## A bad year for miners!

2022 served as a horrendous year for the crypto industry, especially for miners. Along with the market crash of major cryptocurrencies, the Russia-Ukraine crisis has also led to increased power costs. Both of these reasons combined have led many crypto miners to lose significant value in their share price.


red image of core scientific ceo and closed sign

Core Scientific Shuts Celsius Mining Rigs 

The [Moonbeam Foundation](https://moonbeam.network/networks/moonriver/) released Moonriver as a significant project in the summer of 2021. Its primary purpose was to allow much better scalability and increased functionality, acting as a safe haven for Moonbeam's main projects before being deployed. The Moonriver chain operates with the MOVR token.

## What is Moonriver exactly?

Moonriver is a [parachain](/news/article/polkadot-parachain-auctions) on the [Kusama network](https://kusama.network/), mainly operating on its Relay Chain. Let's first discuss what Kusama is and how parachains operate on its network.

## Kusama and the Relay Chain

Kusama can be considered like a giant, digital tree, where the various branches are parachains. All these branches connect to the tree's trunk, the Relay Chain. Every single parachain, or branch of this tree, inherits the features and functionality of the Relay Chain. Hence, all the parachains on the Kusama network will consist of the same security and transaction benefits that the main Relay Chain has.

Moonriver, as a parachain on Kusama, also benefits from the added security and faster transaction speeds that Kusama's Relay Chain boasts.

Another positive aspect that Moonriver brings to the Moonbeam Foundation is compatibility with Ethereum’s smart contract platform. This helps the network be much more versatile and approachable.

## The main purpose of Moonriver

Perhaps the biggest and most important reason for the existence of Moonriver is to act as a canary network for Moonbeam.

Moonbeam itself is a network on Polkadot, and it operates in a similar fashion to its younger sibling. All codes and projects will first touch down at Moonriver, to see if they're operating smoothly in real economic scenarios. Once they get the green light, they can be deployed on the bigger Moonbeam network.

This gives developers much more incentive to launch new [DApps](/news/article/betfury-crypto-dapp) and blockchain-related projects because it simplifies the deployment process.

However, Moonriver is not limited to being a "connecting flight" for Moonbeam. It still has plenty of added functionality on an individual basis, thanks to the qualities it inherits from the Kusama Relay Chain network.

## Community involvement

Moonbeam puts a lot of emphasis on Moonriver being the community’s project. This is because much of the decision-making power for future projects and operations is in the hands of MOVR token holders. As we'll discuss below, Moonriver's token has a lot of functionality, and holders can have a big say in major decisions in the company.

## The role of MOVR token

Most blockchain projects need strong tokenomics to operate smoothly. In the case of Moonriver, [MOVR](https://coinmarketcap.com/currencies/moonriver/) token is the main cryptocurrency powering the entire project. Here are some important use cases for MOVR:

•	Paying for transactional fees on the network.

•	Gas metering for Ethereum-related smart contracts.

•	Playing a major part in governance operations, such as voting, electing, and proposing new regulations and decisions.

•	Ensuring that Moonriver stays a part of the Kusama network.

These are some of the most critical use cases of MOVR, as it certainly possesses plenty more functionality.

## Allocation and inflation

Staying on the Kusama network is one of the most important factors for Moonbeam. Hence, a whopping 30% of the entire MOVR token allocation went towards the KSM (Kusama’s token) crowdloan. To top that, a further 40% of the entire supply is used to reserve the Kusama network parachain slot for Moonriver.

The remaining 30% of MOVR supply is just for operational purposes, such as transactions, smart contracts, and governance.

To ensure a consistent flow of funds available to reserve a parachain slot, Moonbeam also uses inflation with this token. They've planned for a total of 5% annual inflation, which itself has been allocated for various uses - the primary one being the parachain slot.

This step is crucial for Moonriver to survive. As the initial supply will eventually run out, there needs to be a growing inflow of tokens to ensure the sustainability of the system.

## MOVR token price prediction 2023

Currently, MOVR token’s price sits around $7.78, according to [coinmarketcap](https://coinmarketcap.com/currencies/moonriver/). Its circulating supply is almost $45 million. Price prediction models aren't fully accurate, they just help to provide some insight as to what the estimated value of a token could be in the future. They should just be taken as a suggestion ONLY.

Multiple data analytic models predict that MOVR will be valued at around $100 on average for 2023. Moreover, its max price could touch $108.66 during the year. Again, these are just estimates. The real 
value could certainly be much higher or lower than the abovementioned range.

## FAQs

### Where to buy Moonriver (MOVR) token?

As it’s a cryptocurrency, you’ll have to buy MOVR from a [cryptocurrency exchange](/coins). There are many exchanges you can opt for, with Binance, [Crypto.com](http://crypto.com/), and Kraken being some of the most popular options. Simply log in on one of these websites (or apps), register an account, and trade your money with MOVR.

### Is MOVR a good investment?

Considering that it's part of a big organization, MOVR seems to be on a path of long-term sustainability and functionality. That is one of the most important pointers of a successful company in the long run. So, if the crypto market stays stable, Moonriver could prove to be one of the more reliable options on the market.

### Should I buy Moonbeam (GLMR) or Moonriver?

Both tokens have plus points and could be considered viable options when buying crypto. Moonbeam is the more established currency out of the two, with a bigger circulating supply. However, this also means that Moonriver is a relatively newer project by an already major company. This indicates that it has the potential to blow up in price.

Moonriver, and the MOVR token, could be the more volatile option if you're looking to invest, but it could also stand a higher chance of giving a decent return on investment.



Is MOVR Token the Next Big Thing?

The live update of Fantom (FTM) price currently sits at $0.23, which is close to its lowest value after taking off in early 2021. However, things seem to be taking off for the coin, as Fantom’s price has been on the rise for the past month. FTM price has gained 23.09% in the last month, but is down today by around 2.5%.

Fantom’s all-time high price was $3.48, a long way off its current price. Its total [market cap](/news/article/what-is-market-cap-cryptocurrency) at the moment is $696 million.

## What is Fantom?

Fantom, as a project, is a decentralized [blockchain network](/news/article/what-is-blockchain) that offers open-source usability to its users. The network aims to stand out from the pack by offering a large set of features at an unparalleled price point.

The main idea behind Fantom relies on three important factors: Speed, Scalability, and Security. Moreover, it provides all that at costs that are much lower than its competition.

Typically, a blockchain network has to compromise
 on one of the three factors that we’ve discussed above. It’s quite difficult to have rapid transaction speeds, a secure network, and decentralized scalability all at once. However, Fantom makes it work with the help of its Asynchronous Byzantine Fault Tolerant (aBFT) system, maximizing seamless efficiency for all Dapps and clients on its network.

## FTM price prediction for 2030

Fantom (FTM) price prediction for 2030 should be taken as just an estimate as to what the cryptocurrency’s price will be in a few years. It’s evident from the market’s precedent that there’s nothing guaranteed when it comes to crypto.

However, data can still be used to estimate a "ballpark" FTM price figure for the future. According to various sources, FTM's price could range from $5 to $30. If that's true, current holders could see an easy 10-100x return on their initial investment. But it could also go down the drain, as we saw with [LUNA](/news/article/terra-luna-collapse) a few months ago. Make sure you research properly before [spending a single dollar](/articles/learn-moni/cryptocurrency-trading-strategies).

## Where to buy Fantom (FTM) crypto?

There are numerous crypto exchanges where you can go to buy Fantom coins easily. We’ve listed some of the best options out there where you can carry out safe and quick transactions without much hassle.

•	[Kraken](https://www.kraken.com/)

•	[Binance](https://binance.com/)

•	[Crypto.com](http://crypto.com/)

•	[KUCoin)(https://www.kucoin.com/)


green motherboard tech with fantom ftm logo

FTM Price and Predictions

A [report](https://www.wsj.com/amp/articles/ftx-hires-forensic-team-to-probe-money-trail-11670446435?mod=lead_feature_below_a_pos1) from the Wall Street Journal (7 December) claims that FTX has formed a team of financial experts to trace billions of dollars in “missing” customer funds from the company.

The new management at FTX is looking to get to the bottom of the entire crisis, and they’re not aiming for a slow process. The team has outsourced the matter to a group of financial forensic experts to find out how and where the funds could have gone missing.

To be specific, [AlixPartners](https://www.alixpartners.com/), a firm that specialises in financial matters, has been trusted with this mountain of a task. This advisory committee will be led by Matt Jacques, formerly with the US Securities and Exchange Commission (SEC) as a chief accountant.

FTX will try to recover as many of the missing assets as possible with the help of this newly formed committee. Furthermore, the crypto company will need further assistance to rebuild its financial infrastructure from the ground up.

## Summary of the FTX crash

If you're even the slightest bit involved in the crypto industry, you've probably heard the name FTX pop up a few times over the last couple of months - and not in a good light. The crypto company has been under fire for letting almost $450 million of customer funds disappear.

The whole debacle and the story of "[who’s to blame](/news/article/ftx-bankrupt-who-to-blame)" is a mystery, even after months of speculation.

It's not the first time the company's CEO, Sam Bankman-Fried, has been alleged to have mismanaged customer funds. In an interview with [Vox](https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy), Bankman-Fried claimed to have passed customer funds through Alameda Research, FTX’s sister company. He did admit his lack of control over his company’s operations, as he [tweeted](https://twitter.com/sbf_ftx/status/1590709166515310593?s=46&t=Br1_HGNzUBwspKZ7pF6myA), "I'm sorry. I f--d up" after the fiasco broke.

The company filed for bankruptcy in November. It's difficult to see them making a comeback, largely due to two major factors:

•	The global negative PR that the company has been a victim of over the period of several months.

•	A low probability of recovering the lost funds.

FTX’s new management will need a miracle to even get crumbs from this entire mess.



red image of money with sam bankman-fried in the foreground

FTX Brings in Financial Experts

Boryoku DragonZ is a promising addition to Solana’s NFT library, but is the collection worth investing in?

![dragonz (asia crypto today).jpg](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/dragonz_asia_crypto_today_81e9dcac4d.jpg)
  
Image Source: [Asia Crypto Today](https://www.asiacryptotoday.com/boryoku-dragonz/)

There are countless NFT collections and projects out there that have flooded the [blockchain](/articles/learn-moni/what-is-blockchain) industry. But, just a handful make it to the big stage. Lately, Solana has been claiming many of the top spots. One such project that's gradually rising through the ranks is [Boryoku DragonZ NFT](https://boryokudragonz.io/). We'll take a look at what the project is and whether or not it has any earning possibilities for users. So, without further ado, let's get into it.

## What is Boryoku DragonZ NFT?

Well, the name itself is pretty self-explanatory, with the project being an NFT collection of various animated dragons. The design theme is easily the first thing you’ll notice about the collection. The retro-style makes the entire series feel like a standout from Solana's vast NFT project library.

Moreover, the project can be considered mostly an investment opportunity. There's no application, game, or any other piece of utility tied to the NFTs. The main idea behind the Boryoku DragonZ NFT is to collect the NFTs, breed them together, and hatch new eggs. As you may have guessed, holding these NFTs will reward you with money, paid in the game's own cryptocurrency, $BOKU.

## How much can I earn from Boryoku DragonZ NFT?

As per the official numbers from the developers, a common DragonZ NFT will pay its holder seven $BOKU per day. Considering its [current price in $USD](https://coinmarketcap.com/currencies/boku/), that translates to around $0.35. So, owning one dragon for an entire month could bag you about $10.    

Now, this doesn’t seem too bad of an investment, as you can easily find DragonZ for less than $10 on [Magic Eden](https://magiceden.io/marketplace/boryoku_dragonz). If you purchase multiple of them and HODL for a few months, it could likely turn out to be a profitable investment.

However, in the crypto space, nothing is guaranteed. The price of $BOKU could very well drop - or it could spike up too. Ensure you do your own research, and only invest if you're sure about what you're doing.


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