Boson Protocol raises $25.8M via public token sale

Boson Protocol, a project that aims to connect physical commerce and smart contracts, has concluded a $25.8 million public token sale ahead of several exchange listings on Bitfinex, Kucoin and Gate.io. With the token sale, Boson has successfully raised $36 million in support of its decentralized commerce platform. The company raised $10 million in March 2021 ahead of its public sale, with participation from Outlier Ventures, FBG, TRG Capital, Walsh Wealth Group and several others. As Cointelegraph previously reported, Boson is aiming to create a decentralized commerce platform with minimal…

Kyber Network introduces Uber-style surge pricing for DeFi token swaps

Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first. The new platform, which was announced on April 5, has been designed to optimize fees and enable extremely high capital efficiency for liquidity providers. One of the major differences between Kyber’s new platform and regular Automated Market Makers, or AMMs, is the fee generation system. While platforms such as Uniswap charge a fixed trading fee of 0.3%, the new DEX will calculate fees dynamically, increasing during times of high volatility and…

Developer-focused DeFi aggregator Instadapp launches governance token

In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not currently transferable by the average user, the token is set to go fully live later in the year to coincide with a transfer of control over the protocol to a DAO governance process in Q2.  The project, which currently counts over $2.3 billion in its 18,000 “Smart Accounts” wallets, connects to a variety of DeFi protocols from a single interface and offers a development toolkit in…

Coinbase Will List 1inch, Enjin, NKN, and Origin Token

Key Takeaways Coinbase Pro revealed it is preparing to list 1inch, Enjin Coin, NKN, and Origin Token on its trading platform on Apr. 9. The announcement has seen a significant number of investors rush to other exchanges to invest in those coins. The relevant altcoins have seen their price rise more than 20%, benefiting from the “Coinbase Effect.” Share this article Coinbase has announced that it will list four new cryptocurrencies for trading: 1inch, Enjin Coin, NKN, and Origin Token. Coinbase Listing Spree Accelerates In a recent blog post, Coinbase…

Fei Protocol struggles with a bug as holders are mostly unable to sell the token

Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for the token. The Fei protocol is a recently-launched project that has immediately attracted billions in liquidity and total value locked by selling its FEI token, an algorithmic stablecoin using the concept of Protocol-Controlled Value to…

Instadapp Launches Governance Token, Introduces “DeFi Smart Layer”

Key Takeaways Instadapp has launched a single layer DeFi protocol, integrating governance and Layer 2 solutions. The protocol will soon launch its own governance token, INST. INST will be dropped to Instadapp users in Q2. Share this article Instadapp, one of DeFi’s most popular portfolio management tools, has announced its plans to launch a token.  Instadapp Ready for Token Launch  INST will be used to govern the Instadapp Protocol, which the team has described as a “DeFi Smart Layer.” The protocol aggregates DeFi in one layer and introduces Layer 2…

Jump Trading makes equity investment in sports fan token ecosystem Chiliz

Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC.  Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas — has been engaged for some time in the cryptocurrency space, alongside its wider activities in global futures, options and equities markets. The firm specializes in algorithmic and high-frequency trading strategies and has reportedly been market making for Chiliz’s tokens since early 2021. Chiliz’s year so far has been…

India’s largest crypto exchange launches NFT marketplace after 2,000% token surge

India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times. The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX, gained almost 2,000% in value, as its price jumped from $0.27 to $5.66. The exchange itself was subject to the same trajectory during the past six months, as visitors to its website increased by 631%, according to information publicly available browser tools. WazirX founder Nischal Shetty celebrated the…

WHALE and RALLY dominate social token scene with $240m market cap

Two social tokens are shining brighter than the rest with a combined market capitalization of $240 million. Research compiled by crypto data aggregator Messari has revealed the WHALE token is the most valuable social token with a market capitalization of $136 million. RALLY is a close second with a $104 million market cap, meaning the pair represent $240 million combined. Whale is currently the most valuable social token by marketcap at $136mm + $RALLY is a close second + $MORK a distant third pic.twitter.com/qi08Rx1HYD — Messari (@MessariCrypto) April 5, 2021…

FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project.  ForceDAO detailed the Sunday exploit in a series of tweets, taking ownership of the “engineering oversight” that resulted in the attack, which centered around the platform’s xFORCE contract.  POST-MORTEM To the Force and DeFi community, we’d like to share a…