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Sui Network Addresses Concerns Over Token Supply And Control

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  • The Sui Network has responded to allegations regarding the token supply and control of its SUI token.

Sui Network Addresses Concerns Over Token Supply and Control

The Sui Network has responded to allegations regarding its tokenomics and control of its SUI token. 

The layer-1 blockchain platform clarified that its token supply are robust and that reputable third parties handle token storage. 

It emphasized that tokens are released according to a predetermined schedule and are publicly accessible, and the founders have no control over the treasury or tokens allocated to investors, including the community reserve.

See Also: Tokenization Firm Securitize Secures $47M Funding Round Led by BlackRock

This was in response to Justin Bons from Cyber Capital, who expressed concerns about the Sui team’s token holdings, raising the issue of potential centralization risks. 

Bons called for greater transparency and accountability from Sui, urging them to provide clearer evidence that the founders cannot move or access the staked tokens.

In response, Sui refuted Bons’ claims and stated that all tokens, whether distributed or not, are managed in compliance with legal and regulatory standards. 

Reputable custodial service providers like BitGo, Anchorage, and Coinbase Prime oversee the management of the tokens, ensuring compliance and security.

According to Sui, the Sui Foundation manages the primary wallet holding locked tokens, which are released under specific conditions. 

These token releases support various projects, such as the development of the Move programming language, network security enhancements, hackathons, and developer grants.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Press Release

From $100 to $35,000: Top Altcoins to Buy

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In a market ripe with opportunity, selecting the right alternative coins can turn a modest investment into a sizeable sum. As the bull run of 2024 unfolds, investors search for the next big movers in the cryptocurrency space. This article looks into promising coins that have the potential to grow exponentially from a small investment, highlighting those that could reshape investment portfolios in the near future. Get the insights on which coins to consider for a chance at significant financial growth.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Presale tokens are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised over $6 million which speaks much for its wide recognition among savvy investors.

The presale of BlastUP tokens is underway, offering a decent chance to invest in a promising asset at a low price.

>> Don’t Miss Out! Buy BlastUP Tokens at the Best Price! <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.

>> Act Fast! Supply of BlastUP Tokens is Limited – Secure Your Spot NOW! <<

Jito’s Striking Surge Captures Market Enthusiasm

Jito has been on an impressive climb, catching the attention of traders and investors alike. While hovering at moderate levels in recent times, it’s now knocking on the door of its next peak. This upward trend suggests a growing confidence among the community in Jito’s value. As the digital asset rallies, maintaining stability above past lower levels, there’s a sense of optimism that might encourage new investments. However, as it approaches these new highs, the next moves of Jito will be crucial to sustain this burgeoning momentum.

Toncoin Gathers Momentum Amidst Strong Market Signals

In recent times, Toncoin has experienced significant growth that points to a bullish market sentiment. The coin is currently trading in a range above its strong support level, suggesting a solid base for potential upward movements. It has surpassed its short-term average price, highlighting positive momentum. For a coin that’s designed to support ultra-fast transactions and smart contracts, this uptick could suggest increasing trust and interest from investors looking for high-performance blockchain platforms, potentially driving further adoption and price increases.

Hashflow Faces Downward Pressure

Despite recent fluctuations, Hashflow’s market sentiment appears to bear a cautious tone with a slight trend towards decreased value. The resistance levels suggest there’s room for growth, but support levels closer to the current price range indicate it may face challenges maintaining its value. Hashflow, known for enabling decentralized trades without intermediaries, might see its utility and adoption impacted by this market sentiment. If traders lack confidence, it could lead to reduced usage and potential decline in the significance of the Hashflow token.

Jupiter’s Market Sentiment Swings After Impressive Rally

After experiencing a significant surge in value, Jupiter’s price appears to be consolidating. Investors are watching closely as it trades within a narrow band under the first ceiling that it’s struggling to break, yet comfortably above a price floor that’s preventing further drops. Its near-term trend is holding steady, balancing with longer-term optimism among holders. The general mood is cautiously optimistic, with the recent performance injecting vigor into discussions. How Jupiter fares in coming trading sessions could provide insight into its ability to maintain the remarkable trajectory it’s charted over recent months.

Conclusion

In a bull market, every investor is looking for the next big thing. Altcoins like JTO, TON, HFT, and JUP may offer growth, but their short-term potential might not be as significant. Instead, BlastUP stands out for its strong concept and position within the Blast ecosystem. This offers a compelling case for its high growth potential. Those looking to capitalize on the bull run should look closely at what makes BlastUP a notable contender in the crypto space.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io





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Expert Makes Bold Prediction That These Altcoins Will Outperform Bitcoin This Year – Why?

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In the rapidly evolving world of cryptocurrencies, experts are turning their attention to a select group of altcoins. With the markets gaining momentum, these contenders are tipped to leap ahead and possibly surpass Bitcoin’s performance over the months to come. This article dives into the analysis and rationale behind the bold claims that might redefine investment choices in the crypto space. Discover which altcoins are at the forefront and the reasons why there is such strong confidence in their imminent rise.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Presale tokens are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised over $6 million which speaks much for its wide recognition among savvy investors.

The presale of BlastUP tokens is underway, offering a decent chance to invest in a promising asset at a low price.

>> Don’t Miss Out! Buy BlastUP Tokens at the Best Price! <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.

>> Act Fast! Supply of BlastUP Tokens is Limited – Secure Your Spot NOW! <<

Jupiter’s Market Sentiment Swings After Impressive Rally

After experiencing a significant surge in value, Jupiter’s price appears to be consolidating. Investors are watching closely as it trades within a narrow band under the first ceiling that it’s struggling to break, yet comfortably above a price floor that’s preventing further drops. Its near-term trend is holding steady, balancing with longer-term optimism among holders. The general mood is cautiously optimistic, with the recent performance injecting vigor into discussions. How Jupiter fares in coming trading sessions could provide insight into its ability to maintain the remarkable trajectory it’s charted over recent months.

Toncoin Gathers Momentum Amidst Strong Market Signals

In recent times, Toncoin has experienced significant growth that points to a bullish market sentiment. The coin is currently trading in a range above its strong support level, suggesting a solid base for potential upward movements. It has surpassed its short-term average price, highlighting positive momentum. For a coin that’s designed to support ultra-fast transactions and smart contracts, this uptick could suggest increasing trust and interest from investors looking for high-performance blockchain platforms, potentially driving further adoption and price increases.

Ethena Token Navigates Volatility with Mixed Signals

Ethena’s price has been fluctuating, currently settled in a middle range after taking some hits in the short term but still holding gains from a half-year perspective. The market shows mixed signs, with some believing it has room to grow while others fear a further slide. The coin’s momentum and investor interest seem balanced, hinting at cautious optimism. Ethena’s future movements will largely depend on its ability to attract traders who see potential beyond its recent rocky performance and believe in its underlying value proposition.

Conclusion

Several altcoins such as JUP, TON, and ENA may not shine as bright in the short term but still hold interest for investors. However, BlastUP stands out with the strongest potential for growth. The coin is gaining attention for its unique concept and integration into the broader Blast ecosystem. Investors looking for promising performance might find BlastUP an attractive option as it seems geared up for significant success.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

 





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Experts Bet On These 4 Cryptocurrencies For Their Unique Narratives

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TLDR

  • Milei Moneda ($MEDA), one of the top crypto coins, is reshaping decentralized finance amidst an anticipated 33% price pump.
  • Fetch.ai’s (FET) ASI Alliance endorsement boosts the token price by 14% in May 2024.
  • Marginfi’s YBX stablecoin launch fuels Solana’s (SOL) 25% surge, with the token price nearing the $150 mark.
  • Chainlink’s (LINK) CCIP integration boosts Index Coop’s token accessibility, driving LINK’s surge by 9% in May 2024.

Experts have highlighted four cryptocurrencies for wealth accumulation: Milei Moneda ($MEDA), Fetch.ai (FET), Solana (SOL), and Chainlink (LINK). Each of these trending cryptocurrencies has a unique narrative driving investor interest and potential for growth in the cryptocurrency market. Read on to learn more!

Join the Milei Moneda Presale Here

Revolutionizing Meme Coin Investment: $MEDA’s Defiance and Innovation

Milei Moneda, a rising star amongst top crypto coins, is turning heads with its bold and unconventional approach. Inspired by Argentine President Javier Milei, this project combines defiance, economics, and humor, capturing the attention of investors with its presale price of $0.015. Currently in Stage 3 of its presale, $MEDA tokens offer new investors a 33.3% return leading up to its anticipated launch on Uniswap at $0.020 on May 21, 2024. 

With a total supply of 500,000,000 $MEDA tokens and a deflationary model, Milei Moneda aims to drive scarcity and value while embracing transparency and meme culture to engage its community, potentially proving to be a top ten cryptocurrency

Furthermore, with experts predicting significant gains of over 50x following its Uniswap debut, Milei Moneda emerges as one of the top DeFi projects in the DeFi space, offering both seasoned and new investors an opportunity for economic freedom and decentralization.

Join the Milei Moneda Presale Here

Fetch.ai’s ASI Alliance Endorsement: Impact on Crypto Market

The Fetch.ai community has overwhelmingly supported joining the Artificial Superintelligence Alliance (ASI), with an impressive 99% of members endorsing the initiative. This development marks a significant governance milestone for Fetch.ai, with an extraordinary 99.8% approval rate. 

Spearheaded by SingularityNET, Fetch.ai, and Ocean Protocol, the ASI aims to consolidate AGIX, FET, and OCEAN tokens into a unified ASI token, creating a centralized AI platform amid intensifying industry competition. 

This development has seen the price of FET pump by 14% in May 2024. Therefore, experts remain optimistic about its future, foreseeing sustained momentum potentially propelling Fetch.ai to the $2.8 range, positioning it as the best DeFi investment.

Solana’s DeFi Revolution: Marginfi’s YBX Stablecoin Launch Sparks Bullish Momentum. 

Solana’s DeFi landscape is undergoing a transformation with Marginfi’s launch of the YBX stablecoin, poised to be the network’s first decentralized stablecoin. YBX, backed by SOL-based liquid staking derivatives, aims to reduce reliance on centralized stablecoins like USDC. 

Set to debut before June 2024 after audits, Marginfi plans to introduce a governance token and widen collateral options.

The integration of stableswap is expected to boost liquidity and yield opportunities, marking a milestone in Solana’s DeFi evolution. Marginfi’s move follows a TVL withdrawal after a co-founder’s resignation. 

Meanwhile, SOL surged by 25% in May 2024, nearing the $150 mark, showcasing confidence among experts in its trajectory and confidence among investors who now view SOL as a good crypto to buy

Chainlink’s Cross-Chain Integration Empowers Index Coop’s Token Accessibility

Index Coop has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), amplifying access to its indices across Ethereum and Arbitrum mainnets. 

Leveraging CCIP’s Simplified Token Transfer, users can seamlessly transfer DPI and MVI index tokens, mitigating Ethereum’s high transaction fees via Arbitrum’s layer-2 network. 

Chainlink’s reputation for reliability and security in Web3 underpins this integration, ensuring robust oversight through decentralized Oracle networks and Risk Management Network. 

Notably, Chainlink’s CCIP facilitates both token and data transfers in a single transaction, promoting efficiency and security. This collaboration enhances user accessibility and positions Chainlink CCIP as a versatile solution adaptable to evolving blockchain needs, fostering a more interconnected and secure decentralized ecosystem.

This update saw LINK surge by 9% in May 2024, as experts have further predicted a continuous bullish trajectory to the $15 region by June 2024.

Conclusion

From revolutionizing meme coin investment to pioneering decentralized finance solutions, these cryptocurrencies, $MEDA, FET, SOL, and LINK, offer compelling narratives that resonate with experts, showcasing their potential to shape the future of digital assets.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative



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