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03/24/2022

The richest country in Europe is coming round to crypto. That’s according to a report by KuCoin which shared some flattering statistics towards the future of crypto in Deutschland.

Notably, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of ‘the future of finance’”; while over a third, “37% of German crypto investors have been trading cryptocurrencies for over a year.”

Triple A statistics showing a breakdown of crypto ownership by age and income. Source: Triple-A

03/24/2022

Rarible is working behind the scenes to enable support for Solana NFTs, according to a screenshot shared by tech blogger and researcher Jane Manchun Wong.

The NFT platform, which was launched in 2020, is currently the fourth largest marketplace by all-time sales volume, sitting behind OpenSea, LooksRare, and CryptoPunks. However, in terms of the number of traders using the platform, Rarible is second to only OpenSea.

The battle to dominate the NFT marketplace has continued to intensify, with companies rolling out new marketing strategies and adding new features. In January, for instance, a new NFT marketplace made its debut by launching a vampire attack on OpenSea.

LooksRare poached big NFT spenders from OpenSea by letting them claim LOOKS tokens for free. The effort has so far been marred with reports of wash trading.

As for Rarible, the platform added support for Polygon, a layer-2 scaling solution for the Ethereum blockchain, earlier this month. So far, the marketplace now supports Ethereum, Tezos, Flow, and Polygon.

In terms of the larger NFT market, OpenSea is still dominating the space by far, given LookRare’s entanglement with wash trading. OpenSea’s all-time sales volume is over $23.5 billion, a far cry from Rarible’s $293 million. Furthermore, Rarible’s 24-hour trading volume of $49,000 is a mere drop in the bucket compared to OpenSea’s $76 million.

03/24/2022

Cylum Finance (CYM) is an auto-staking protocol that is set to revolutionize the decentralized finance (DeFi) space by providing an easier way for people to stake and earn great interest on their cryptocurrency investments. It makes use of its proprietary protocol to provide a DeFi platform that allows users to yield returns based on a fixed compound interest that is highly sustainable.

Cylum Finance makes use of its native token, the Cylum token that has automatic staking and automatic compounding abilities and a fixed annual percentage yield (APY) of 395,677% for the first year which happens to be the highest in the market.

Automatic Staking and Compounding Feature
Cylum Finance provides a non-complex yet revolutionary Auto-staking feature that provides Cylum token ($CYM) holders with a straightforward staking option. This feature is referred to as the Buy-Hold-Earn feature, which means that the prospective Cylum token holders may simply buy the $CYM tokens and store them in their wallet, and the tokens will be automatically staked, and they can immediately start earning interest on the tokens that have been held.
These earnings are on a minute basis, which means that the value of the token holders' stored assets will go up after a minute has passed. The protocol makes use of a compound interest formula to facilitate the disbursement of tokens to the tune of 0.75 percent of the total amount of Cylum tokens stored in the wallet every minute. This allows the holders of the $CYM token to have an annual percentage yield (APY) of 395,677 percent on the first year in which the users' tokens would be locked. When the first 12 months have passed, the compound interest rate starts decreasing.

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