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Accumulate Releases Whitepaper – An Identity-Based Blockchain Protocol with Cross-Chain Support, Human-Readable Addresses, and Key Management Capabilities

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Miami, FL, United States, 14th April, 2022, Chainwire

Developers of Accumulate are announcing the highly anticipated release of the Accumulate Whitepaper.  

The document provides a detailed look at Accumulate’s identity-based, delegated proof-of-stake blockchain solution and how it plans to achieve its mission to create a universal communication and audit layer for individuals, entities, and blockchains to transact with each other using Accumulate Digital Identifiers or ADIs.

Through cutting-edge innovations in blockchain interoperability, scalability, and modular design, Accumulate is forging a new path for the decentralization of the traditional economy and the onboarding of millions of individuals and entities to the Web3 space.   

Point 1 – Identity & Key Management 

Accumulate Digital Identifiers or ADIs are human-readable addresses similar to website URLs that are chosen by individuals or assigned by organizations to represent their presence on the blockchain. Digital identifiers refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain. 

ADIs enable more flexibility and deployment of complex operations by issuing a hierarchy of keys with different permissions or levels of security.  

This allows entities operating on the blockchain to more easily build standardized yet scalable protocols for other entities to interact with and exchange sensitive information with them based on their access permissions for specific data sets.   

Using ADIs, Accumulate can serve as the de-facto communication and audit layer between blockchains, enabling the seamless transfer of tokens or other kinds of digital assets between ADIs across different chains regardless of their consensus mechanism.

Point 2 – Solving the scalability trilemma through a unique modular blockchain architecture

A modular blockchain architecture separates the transaction execution, network consensus, and data availability functions of a blockchain into various specialized components through the use of sidechains, shards, and layer 2 scaling solutions

Accumulate was born out of the understanding that designing a modular architecture is the only way to truly solve the blockchain scalability trilemma. 

According to the whitepaper, “Accumulate by-passes the trilemma of security, scalability, and decentralization by implementing a chain-of-chains architecture in which digital identities with the ability to manage keys, tokens, data, and other identities are treated as their own independent blockchains.”

Each ADI is made up of a collection of independent sub-chains that are managed by 4 account types: 

  • Token Accounts: 
    • For issuing tokens and tracking deposits and withdrawals from a token account. 
  • Data Accounts: 
    • For tracking and organizing data approved by an ADI
  • Staking Accounts: 
    • For staking Accumulate’s ACME tokens to participate in consensus and secure the network 
  • Scratch Accounts: 
    • For accruing data that is needed to build consensus across the Accumulate network and enabling the coordination of multisig validation.  

Accumulate also features Block Validator Networks or BVNs, which are responsible for producing hashes of data that are tied together and summarized by a Directory Network (DN). 

The DN  is a central network that consolidates the records of all transactions that occur between the 4 ADI accounts and their various sub-chains, thereby allowing Accumulate to maintain a single unified state, even while existing as many fragmented networks running in parallel. 

Point 3 – Data Anchoring 

Data security is a critical component of the scalability trilemma that is often overlooked.

Through a process called ‘Anchoring’, Accumulate is able to backup transaction data that is recorded on Accumulate to more decentralized layer 1 blockchains like Bitcoin and Ethereum. 

With Anchoring, a cryptographic proof or hash containing batches of Accumulate transactions from across the entire network is inserted into the Bitcoin or Ethereum blockchain and validated by miners on those networks. This is the equivalent of backing up your data on multiple hard drives that each have their own unique security system.

According to the whitepaper, “Anchoring essentially buys the security of a larger network at a cost that is independent of the number of transactions. For example, a root hash derived from 10,000 transactions can be anchored into Bitcoin at the cost of a single Bitcoin transaction.”  

Point 4 – Tokenomics

Accumulate native token (ACME) has a maximum supply of 500 million and is distributed as a block reward to stakers and validators of the Accumulate network. 

ACME also carries deflationary properties, as portions of the tokens supply are burned whenever a new ADI is generated using ‘Credits’ which are separate utility tokens used to pay for services on the Accumulate network that can only be minted by burning ACME. 

Credits are non-transferable tokens with a fixed USD value. This means that enterprise customers can leverage them for use within the Accumulate network without worrying about regulatory compliance issues. Credits also allow companies to track predictable costs long-term by using Credits as the denominator asset for all settled transactions.   

Accumulate’s ‘Burn and Mint’ Equilibrium model is designed to enable ACME tokens to recycle through the Accumulate ecosystem and create value in a variety of ways for multiple stakeholders. 

ACME tokens are burned to produce Credits which are used to purchase ADIs as well as other goods and services. Burned ACME tokens are then sent to an unissued pool, where they are released back into the network through minting as block rewards.

A portion of the reissued ACME tokens are rewarded to stakers and validators, while the rest goes towards supporting community development funds and issuing grants to fund new projects on the network. 

Like the Bitcoin network, ACME block rewards will steadily decrease over time as the burn rate increases due to more Credits being minted to pay for ADIs. This tokenomic model should encourage ACME holders to participate in staking by locking up their tokens, driving even more long-term value for ACME. 

Point 5 – Use Cases 

The use cases that can be applied on the Accumulate network span a multitude of products, customer types, and industries, from healthcare and supply chains to Defi, NFTs, and the metaverse. A key area of focus is to enable enterprises to adopt ADIs in order to leverage decentralized protocols in order to bridge real-world assets onto the blockchain and participate in Defi while still being regulatory compliant.  

Examples of this include:

Bringing transparency to the Supply Chain process  

As an example, Accumulate can resolve problems with a lack of transparency in tracking drug production and transportation by enabling seamless communication across disparate centralized databases and blockchains using ADIs for everything from individual drug products and digital documents to transport authorities, retail stores and even IoT devices that monitor perishable goods. 

This enables existing blockchain consortiums consisting of one group of drug development stakeholders to share information with other retailers, regulators, or consumers without incurring any significant costs.

Enabling better control of Patient Medical Records

The Accumulate key management system allows patients to replace the entities assigned to prior keys with new entities, or to issue new keys and revoke access to old ones, all without needing to create a new ADI. 

In addition, the owner of an ADI can create multiple accounts and sub-identities based on a hierarchy of keys that give sub-identity owners custom access to certain data. For example, patients could map out a hierarchy of relevant stakeholders who need access to different types of medical data; from their primary care physician to their insurance provider, or for one-off cases where a user has to provide specific healthcare data to an immigration agency in order to visit a new country.

Onboarding the Corporate World to DeFi 

Using Accumulate, corporations can more easily translate traditional asset valuation techniques into the digital realm by assigning unique ADIs to corporate assets (land, machinery, invoices, patents, etc) according to their appropriate classification (convertibility, physical existence, usage) and classification sub-type.  

Each classification could come with its own set of lending rates, compliance conditions, or access permissions (e.g only corporations with a certain level of creditworthiness or within certain geography can borrow these assets).

These rules could be embedded into smart contract code to allow more efficient and scalable deployment of these assets within the network. 

Improve Liquidity Sourcing in the Metaverse

The aggregation of various DeFi and NFT marketplaces under a single ADI-enabled communication layer creates an opportunity for liquidity to be more easily injected into the system in order to provide buyers and sellers with the best prices to enter and exit their positions within the metaverse. Large financial institutions such as banks or hedge funds can leverage the Accumulate network to put significant amounts of capital to work that can be used to provide liquidity and facilitate market-making amongst consolidated NFT, cryptocurrency, and gaming assets from various blockchains. 

Ultimately, the Accumulate network is combining the best aspects of blockchain scalability, interoperability, modular design, and decentralized identity to create a truly novel solution that will onboard the traditional economy unto Web3 while enabling a multichain ecosystem to thrive under the ADI system.  

About Accumulate

Accumulate emerged as a successor to the Factom protocol, forking its code to create a brand new network in November 2021. Factom was launched in 2014 as one of the earliest layer-2 blockchain protocols, serving as an alternative to the direct use of the Bitcoin blockchain for the management and organization of data.

Accumulate adapts some of the features developed by Factom, including the modular ‘chain of chains’ architecture and data anchoring while innovating in other areas such as its emphasis on decentralized digital identifiers as the basis for all operations that occur on the Accumulate network. 

The Accumulate network is designed by Paul Snow, who is also the Chief Blockchain Scientist at Inveniam and Defi Devs, the former CEO and chief architect of the Factom protocol and co-author of the Accumulate whitepaper alongside Kyle Michelson, Anjali Sridharan, Umut Can Çabuk, Ethan Reesor, Ben Stolman, Drew Mailen, Dennis Bunfield, and Jay Smith. 

Detailed in the whitepaper are several key developments that the Accumulate team has been working on to enable blockchain to onboard the next billion users.

Learn more by reading the Accumulate Whitepaper.   

Contacts

President

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

Mining Contracts From $10: How To Invest And Earn Passive Income With Mining

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m

As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. As a result, many people who previously used their own equipment for cryptocurrency mining now find it unsustainable: high electricity bills and wear and tear on the equipment. Therefore, cloud mining is becoming an increasingly attractive option.

In the partner material, we go into more detail about its features and how it will help increase passive income.

What is cloud mining

Cloud mining is a mechanism that uses leased cloud computing power to mine cryptocurrencies such as Bitcoin. Hardware setup and startup, no software installation required.

Cloud mining companies make mining even more affordable by allowing you to open an account and participate in cryptocurrency mining remotely at rock-bottom prices. Since mining takes place in the cloud, there are fewer issues with equipment maintenance or direct electricity costs.

How to start cloud mining

Here are the basic steps you need to take before getting started.

Step 1: Choose a Cloud Mining Provider

CGMD Miner is a popular and powerful cryptocurrency mining platform and an excellent resource for passive income. CGMD Miner is a free Bitcoin mining program that allows you to passively earn Bitcoins without any strings attached, regardless of technical knowledge or financial resources. Once $12 worth of Bitcoins are mined, they can be transferred to your account and traded. Any profits are yours and you can withdraw them to your personal wallet.

Platform advantages:

Get $10 immediately after registration;

High levels of profitability and daily payout;

No additional services or administrative fees required;

Other currencies can be generated;

The company’s Partner Program allows you to invite friends and earn up to $3,000 in referral bonuses;

McAfee security? Cloudflare® security protection;

24/7 technical support.

Step 2. Register an account

Go to the provider of your choice and sign up to create a new account.

CGMD Miner offers a simple registration process: all you need to do is enter your email address. After signing up, you can start mining Bitcoin immediately.

Step 3. Purchase a Mining Contract

Miner CGMD offers a variety of mining contract options: packages ranging from US$100 to US$5,000, each package has its own return on investment and a certain contract validity period. Right now:

The day after the contract is purchased, the revenue starts flowing in. When $100 is reached, the money can be withdrawn to a crypto wallet or continue to purchase other contracts.

Step 4: Earn passive income

Cloud mining is a great way to increase your passive income. Cryptocurrency capital can be grown via “autopilot” mode with minimal time outlay – less than any type of active trading. Passive income is the goal of every investor and trader, and with CGMD miners, achieving it is easier than ever.

CGMD Partner Program

Miner CGMD also offers an affiliate program, a platform that allows you to earn money by recommending the site to others. You can make money even without investing. A fixed one-time bonus of up to $3,000 will be charged for inviting positive referrals.

For more information about CGMD mining machines, please visit the official website https://365miner.com/

Read Also: OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

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Hong Kong, Hong Kong, September 20th, 2023, Chainwire

OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards.

The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external auditor, reviews a company’s policies, procedures and controls over an extended period of time.

Achieving SOC 2 Type II certification is a testament to OKX’s unwavering efforts in ensuring the highest possible standards of safety, security and compliance. It also mirrors OKX’s core operating philosophy and commitment to security, transparency and trust.

This certification underscores the protocols and safety measures OKX has implemented to ensure a premium experience on its industry-leading platform. Moreover, these measures affirm that OKX’s infrastructure specifications, service availability and robustness adhere to stringent criteria, solidifying its position as one of the world’s most secure platforms.

OKX President Hong Fang said: “Completing the SOC 2 Type II audit is an important achievement for OKX, because of the reassurance it provides to all our users, and the diligence and time commitment required in the pursuit of this certification. It demonstrates that OKX is operating at standards comparable to tech giants and traditional finance services firms, as well as our commitment to implementing such standards and practices throughout OKX’s global operations. OKX’s goal is to build the world’s most secure and reliable Web3 ecosystem, and this latest milestone is another crucial step towards our vision.”

About OKX

OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media
[email protected]

Read Also: OKX Switch McLaren MCL60 Race Car To Stealth Mode For The Singapore Grand Prix

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

OKX Switch McLaren MCL60 Race Car To Stealth Mode For The Singapore Grand Prix

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SINGAPORE, SINGAPORE, September 14th, 2023, Chainwire

McLaren Racing and OKX, a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today revealed a limited-edition Stealth Mode livery design to be carried on the McLaren MCL60 F1 cars at the 2023 Singapore Grand Prix (15-17 September) and the 2023 Japanese Grand Prix (22-24 September).

The Stealth Mode livery was co-designed by OKX and McLaren, and will switch McLaren’s livery colourway, augmenting black against the team’s classic papaya trim. The sleek and understated design represents the two brands’ belief in putting in hard work behind the scenes to strive for excellence, while embracing change and innovation.

The MCL60 was revealed in Stealth Mode on Wednesday 13 September at an exclusive media event in Singapore at Lantern, Fullerton Bay Hotel. The event was attended by OKX Chief Marketing Officer Haider Rafique, McLaren F1 Team drivers Lando Norris and Oscar Piastri, and McLaren Racing Executive Director, Partnerships & Accelerator, Matt Dennington.

A limited-edition t-shirt will be made available through the McLaren Store, and at a limited giveaway for attendees of Token2049, the Web3 conference taking place in Singapore prior to the race.

To bring fans closer to Stealth Mode, OKX will host a McLaren-themed fan zone, OKX Race Club, at Chijmes, Singapore. The OKX Race Club will run from Thursday 14 September to Sunday 17 September, featuring a Stealth Mode show car, racing simulators, giveaways and surprise guests over the race weekend. This will be officially opened at 14:00 SGT on Thursday 14 September, and free tickets are available here.

Zak Brown, CEO, McLaren Racing, said: “Our partnership with OKX goes from strength to strength, and it’s fantastic to celebrate it with this incredible livery. Stealth Mode flips our race car’s colours, bringing something exciting and different to these two great races in Singapore and Japan. We hope fans will love it as much as we do and get a chance to enjoy the fan zone to connect with our team. OKX are a dedicated supporter of McLaren’s journey, and in turn we’re proud to bring our partnership to life on track through the global platform of Formula 1.”

Haider Rafique, Chief Marketing Officer, OKX, said: “Success on the track, and in the Web3 world, is only possible through teamwork, creativity and innovation. Stealth Mode is inspired by these common principles. It’s also a way for us to celebrate the return of F1 to the Asia Pacific region, which is the epicentre of Web3 in many ways. As Stealth Mode hits the track this weekend we wish the best of luck to Lando and Oscar in what we hope will be a strong performing MCL60.”

For further information, please contact:

  • Steve Atkins, Chief Communications Officer, McLaren Racing

[email protected] / +44 (0) 7590 771 849

  • Saskia Wirth, Director, Corporate Communications, McLaren Racing

[email protected] / +44 (0) 7442 934 149

  • Curtis Nice, Communications Manager, McLaren Racing

[email protected] / +44 (0) 7765 742 300

  • Fran Campbell, Communications Executive, McLaren Racing

[email protected] / +44 (0) 7442 692 253

About McLaren Racing

McLaren Racing was founded by racing driver Bruce McLaren 60 years ago in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 20 Formula 1 world championships, 183 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt.

McLaren Racing competes across five racing series. In 2023, the team will compete in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Felix Rosenqvist and Alexander Rossi, the ABB FIA Formula E World Championship with NEOM McLaren Formula E Team drivers René Rast and Jake Hughes, and the Extreme E Championship with NEOM McLaren Extreme E Team drivers Emma Gilmour and Tanner Foust. The team also competes in the F1 Esports Pro Championship as McLaren Shadow, having won the 2022 Constructors’ and Drivers’ Championships.

McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry.

McLaren Racing – Official Website

About OKX

OKX is a leading Web3 ecosystem.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

OKX
[email protected]

Read Also: Crypto vs. Traditional Investments: Which Is Right for You

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

From Holding FIL And GALA To Buying SPCT: The Investor Shift Everyone’s Talking About

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Filecoin (FIL) is going through bearish momentum, whereas Gala (GALA) is trying its best to make a rebound. Within this uncertain landscape, investors gravitate towards cryptocurrencies with solid growth prospects, such as VC Spectra (SPCT), showing profitability despite the market’s downturn.

>>BUY SPCT TOKENS NOW<<

Filecoin (FIL) Announced FIL Dev Summit Events in Singapore and Iceland

Filecoin (FIL) holders haven’t enjoyed much growth in 2023, as Filecoin’s (FIL) price has plummeted by 51.88% since last year.

However, on August 11, 2023, Filecoin’s (FIL) ecosystem unveiled its first-ever FIL Dev Summit event that is set to take place in September 2023 in Singapore and Iceland. This event’s main objective is to unite developers, creators, and enthusiastic community participants eager to play an active role in shaping the core protocol and network evolution of Filecoin.

On the event day, FIL reached a peak of $4.15. Meanwhile, Filecoin (FIL) is trading at $4.11, reflecting a 0.96% drop since the event day. Since August 11, FIL traded as high as $4.17, with a $60 million trading volume on August 14. Despite the event, the Filecoin (FIL) price remained relatively stable.

As seen in the price movement of Filecoin (FIL), its current price rests on a solid support level of $4.1, potentially paving the way for an upward movement. The technical analysis reveals that Filecoin (FIL) is expected to trade at $5.66 if the market outlook remains positive.

Gala Games Announced Partnership With Elixir Games

On August 2, 2023, Gala tied partnership knots with another major Web3 gaming forceElixir Games. With this groundbreaking step, GALA will enhance its utility and aims to reach a broader audience and revolutionize the gaming space. Moreover, Elixir Games will host a dedicated node on the GALA network to host weekly gaming nights.

Not only that, this significant approach is expected to positively impact the Gala token price. Gala was trading at $0.02314 on August 2. Currently, Gala is priced at $0.02318, marking a 0.1728% increase since the partnership announcement. This indicates a relatively stable performance for GALA in this timeframe.

Yet, the GALA market cap has increased by 2.88% from $520 million on August 2 to $535 million on August 14. Observing the increase in the market cap of GALA, investors are cautiously optimistic about its growth potential. Experts forecast that Gala prices will likely bump between $0.038 and $0.042.

Rising Above the Rest: VC Spectra (SPCT) Commands Attention

After marking a remarkable 37.5% jump while transitioning from Stage 1 to Stage 2VC Spectra (SPCT) has already sold over 90.5 million SPCT tokens from the available 125 million tokens in Stage 2. With these presale milestones, VC Spectra (SPCT) has emerged as a leading performer with striking success.

VC Spectra (SPCT) is a community-driven decentralized trading platform and asset management protocol that aims to maximize promising opportunities in the Fintech and blockchain space. More precisely,  VC Spectra (SPCT) uses strategic investments through rigorous tests and minimizes risk and uncertainties.

While VC Spectra (SPCT) primarily focuses on startups and ICOs, users also have the opportunity to receive dividendsbuybacks, and vote on decisions. Also, VC Spectra (SPCT) is a deflationary model, implementing a mechanism to steadily diminish the available SPCT token supply.

Currently, VC Spectra (SPCT) is in Stage 2 of its public presale. Investors opting to invest at this stage are bound to get a 627% gain in their investment by the end of the presale. To provide additional incentives, VC Spectra (SPCT) offers a 25% limited-time bonus on all deposits during this stage.

Learn more about the VC Spectra presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Read Also: VC Spectra’s Triumph Over Stellar And Filecoin: Decoding The Investment Strategy

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

VC Spectra’s Triumph Over Stellar And Filecoin: Decoding The Investment Strategy

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The triumph of VC Spectra (SPCT) in its presale phase makes it a potentially more lucrative investment than Filecoin (FIL) and Stellar (XLM). Filecoin (FIL) and Stellar (XLM) are still struggling despite developments in their respective networks. On the other hand, the success and excitement surrounding the VC Spectra (SPCT) presale underscore its potential to yield massive gains. Let’s see why VC Spectra (SPCT) is doing better than its competition.

>>BUY SPCT TOKENS NOW<<

Filecoin (FIL) Is Stuck In the Bearish Zone

Filecoin (FIL) started 2023 on a bullish note after confirming its partnership with Lockheed Martin. Notably, the collaboration aimed to create a program supporting the deployment of the Interplanetary File System into space. Sadly, this positive momentum was short-lived.

Afterward, the cryptocurrency market entered a bearish phase that affected all tokens, causing Filecoin (FIL) to slide from highs of $8.61 in March 2023. Since then, Filecoin (FIL) has been sliding deeper into the red zone. Additionally, its trading volume decreased, indicating a lack of investor confidence in Filecoin’s (FIL) performance.

Over the past week, Filecoin (FIL) encountered difficulty surpassing its resistance level at $4.30, dropping to $4.03. This price action can be attributed to Filecoin’s (FIL) substantial volatility and significant oscillations. Currently, Filecoin (FIL) is trading at $4.11, down 1.11% in the past 24 hours.

But, analysts are still hopeful that Filecoin (FIL) will find a bullish momentum to end 2023 at $5.58.

Stellar (XLM) Hangs on Hope But Keeps Sliding

In July 2023, Stellar (XLM) showcased volatile price dynamics, recording a notable breakout. On that note, there was a massive surge in buying volume for Stellar (XLM), contributing to an impressive 61% price surge on July 13.

Sadly, Stellar’s (XLM) value has experienced a decrease and now finds itself in a continuation pattern, signifying the potential for a future breakout. But for now, Stellar (XLM) is still in the red zone. As of August 10, 2023, the price stood at $0.140, down 2.02% in the past 24 hours.

While Stellar (XLM) has undergone significant updates, the drop in its price does not seem to be directly linked to identifiable factors. But, analysts project that Stellar’s (XLM) price could potentially regain strength to end the year at $0.165.

VC Spectra (SPCT) Triumphs over the Entire Crypto Market

VC Spectra (SPCT) functions as a decentralized hedge fund that provides backing and investments to startup firms within the blockchain and technology industries. Furthermore, VC Spectra (SPCT) leverages the knowledge and experience of experts spanning diverse investment sectors.

Moreover, VC Spectra (SPCT) uses smart contracts and AI technology to execute efficient trading strategies, undergoing extensive testing to increase profits while reducing potential losses.

VC Spectra’s (SPCT) token conforms to the BRC-20 standard, built upon the Bitcoin blockchain. Beyond its role as a means of exchange, VC Spectra (SPCT) offers many other benefits including quarterly dividends, voting rights, and the opportunity to participate in discounted pre-ICOs.

VC Spectra (SPCT) is currently in Stage 2 of its public presale, with the token valued at $0.011, a 37.5% increase from Stage 1’s initial price of $0.008. Looking ahead to Stage 3, VC Spectra’s (SPCT) price is set at $0.025, a notable increase of 127.27%.

VC Spectra (SPCT) displays massive long-term projections that outpace the forecasts of Filecoin (FIL) and Stellar (XLM). Those who buy VC Spectra (SPCT) in Stage 2 can potentially witness their holdings surge by a remarkable 627% at the end of the presale when it hits its price target of $0.08.

Learn more about VC Spectra (SPCT) and its presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Read Also: Benjamin Cowen Warns of a Potential 'Windfall Incident' that Could Devastate DeFi and Altcoin Markets

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

Continue Reading