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Snowfall Protocol (SNW), Aave (Aave), and Fantom (FTM) to Be The Top Investments Of 2023

By
TI Partners
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0

Aave (AAVE), Fantom (FTM), and Snowfall Protocol (SNW) are interesting investment opportunities for the crypto community. While Aave (AAVE) and Fantom (FTM) have already launched, Snowfall Protocol (SNW) is currently in the third stage of the presale of its Snowfall tokens. If you are looking at top investments for next year, here’s what you should know these three tokens:

Aave (AAVE)

Aave (AAVE) is a decentralized platform that allows users to borrow, lend and earn passive income on their crypto assets. The Ethereum-based blockchain utilizes smart contracts to help automate these decentralized finance (DeFi) services. Here, users can borrow cryptocurrencies with an interest or ‘put their crypto to work’ by providing liquidity to the market and earning passive income in the form of interest. Aave (AAVE) provides an open and transparent system that functions without the need for intermediaries.

Aave (AAVE) launched in 2017 as Ethland but was renamed as Aave (AAVE) in 2018. Aave raised $17.86 million through the ICO it conducted in November, 2017. The platform has undoubtedly enjoyed success since its launch. However, considering that Aave (AAVE) launched a while back, it provides little or no value to those looking to invest their money considering that the early investors already enjoyed the most benefits.

Fantom (FTM)

Fantom (FTM)  is a blockchain platform that aims to support decentralized applications (dApps). Fantom (FTM) provides an open-source network which developers can use and customize to meet their needs. Furthermore, Fantom (FTM) aims to solve the “blockchain trilemma” of decentralization, scalability and security. Fantom (FTM) resolves this by implementing asynchronous Byzantine fault tolerance (aBFT), a consensus mechanism that allows transactions to be processed non-simultaneously, enhancing the speed and throughput of transactions in the process.

Fantom (FTM) launched in 2018 and instantly garnered a lot of interest from investors. However, it has faced turmoil since then including the exit of the “King of DeFi” Andre Cronje. Although Cronje is back on the team, Fantom (FTM) is yet to recover from that phase and is about 94% down from its all time-high of $3.24. As such, it is best to stay away from Fantom (FTM) for now.

Snowfall Protocol (SNW)

Snowfall Protocol (SNW) prides itself as the most efficient cross-chain bridge which allows users to transfer their fungible and non-fungible tokens across different blockchains. Snowfall Protocol (SNW) also provides users with staking and yielding opportunities. Snowfall Protocol (SNW) is highly user-friendly to developers and users alike.

Snowfall Protocol (SNW) is set to launch on January 3. 2023 and it should be top of the list for crypto investors looking to get in early on a valuable project that can guarantee a huge return on their investments. SNW has already enjoyed success with the presale and stage 2 of its Snowfall Protocol (SNW) tokens which sold out. SNW tokens are currently priced at $0.14 each and many experts tip it to become one of those tokens that make many millionaires in 2023.

With this in mind, it is obvious that Snowfall Protocol (SNW) is more valuable to crypto investors than Aave (AAVE) and Fantom (FTM) and with the positive hype around Snowfall Protocol (SNW) and the utility it provides, there is no doubt that it is one of those tokens that could easily do x1000 in the coming year. You can sign here for the phase 3 of its presale to get started!

 

Find out more about the Snowfall protocol:

Presale: https://presale.snowfallprotocol.io

Telegram:https://t.me/snowfallcoin

Website:https://snowfallprotocol.io

Twitter:https://twitter.com/snowfallcoin

Why Golteum is Set to Outperform The Likes of PaxGold And Cronos!

By
TI Partners
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0

With the collapse of FTX, it has become even more important to choose an asset-backed blockchain project that is secure and reliable. Golteum is a prime candidate, offering top-level security and enhanced liquidity. Featuring a 100% reserve guarantee and full transparency, Golteum ensures that your assets are always safe – no matter what happens in the market. Discover why Golteum is set to outperform PaxGold, Cronos, and other cryptocurrencies!

BUY $GLTM Tokens Now

PaxGold

PaxGold is an asset-backed token launched in 2017 that is designed to offer an alternative to traditional gold investments. It is regulated by the New York State Department of Financial Services and one token is backed by one ounce of gold. By tokenizing physical gold and allowing users access to it digitally, PaxGold aims to make owning gold more accessible and affordable. Despite its pegging to gold and its regulatory approval, the trading volume of PaxGold is quite low and it still has a long way to go before becoming widely accepted.

Cronos

Regarded as the first blockchain network that functions with both Cosmos and Ethereum ecosystems, Cronos was set up to allow users to promptly port apps and crypto assets between chains at minimal costs. Powered by Ethermint, Cronos is energy efficient and scalable. Despite its early promise, the price of Cronos has dropped to $0.05632 after reaching a high of $0.13 in November.

Golteum

Golteum is determined to change the gold industry by giving Web3 access and providing individuals with a secure avenue into gold, one of humankind’s most enduring store-of-value assets. Investing in Golteum NFTs gives you control over fractionalized gold bars that are supported by physical metal – a commodity known for its stability throughout history.

Golteum continues to spark joy with their announcement of a powerful partnership with Fireblocks! To ensure the success of their mission of launching a reliable trading platform, they’ve selected Fireblocks’ Web3 Engine as the platform’s backbone. This includes an extensive array of services such as safety solutions, risk avoidance measures, treasury management capabilities, and tokenization infrastructure which will make transferring all gold NFTs effortless.

Golteum has an experienced and reputable team who, along with their smart token contract, have been verified by the esteemed blockchain security firm Certik, earning a Silver Badge in the process. To start off with, each utility token was priced at just 7 cents during their private sale – but it rocketed to 13 cents only days later! And if you act fast enough, you can get even better value out of your purchase as round one of public sales will boost its worth further with an additional 20% bonus on top.

In addition, you can unlock a unique selection of rewards and discounts with the GLTM utility token. You will benefit from low trading fees while also having access to some great advantages such as staking your holdings, taking out loans backed by NFT’s, and enjoying competitive loan-to-value (LTV) ratios. Unlock the power of GLTM tokens today!

BUY $GLTM Tokens Now

In Summary

With its cutting-edge technology and low fees, Golteum is set to outperform the likes of PaxGold and Cronos. With a 100% reserve guarantee, full transparency, audited smart contracts, and partnership with Fireblocks’ Web3 Engine it’s no surprise Golteum is making waves.

 

Find Out More About The Golteum Presale

Website: https://www.golteum.io

Presale: https://presale.golteum.io/register

Whitepaper: https://golteum.io/GolteumWhitepaper.pdf

Telegram: https://t.me/golteum

Coinbase Predicts Investors Will Flock to these Two Crypto Assets in 2023

By
Paul Ugbede Godwin
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0

Coinbase crypto exchange is singling out two digital assets that will become a favorite with investors looking for quality.

The US crypto exchange says in its 2023 Crypto Market Outlook report that one of the key themes for next year will be institutional investors seeking quality amid a worsening macroeconomic picture.

According to Coinbase, Bitcoin (BTC) and Ethereum (ETH) will be favored by investors based on among other things the fact that they are tried and tested.

Within crypto, we expect digital asset selection will transition towards higher quality names like bitcoin and ether based on factors like sustainable tokenomics, the maturity of respective ecosystems, and relative market liquidity. Moreover, many traditional risk assets still seem rich, and the investment theses for cryptocurrencies like BTC and ETH have not fundamentally changed in our view, which could eventually open up some key value opportunities.

The US digital asset exchange says that the prices of cryptocurrencies will likely continue to correlate to other risk assets.

We assign a low probability that crypto performance will decouple from traditional risk assets in the first few months of 2023, particularly without a differentiated catalyst.

On the competition among smart contract-enabled blockchains, Coinbase says that Ethereum’s successful transition to a proof-of-stake consensus mechanism has reinforced its ability to continue being a leader among layer-1 blockchains.

Ethereum’s successful Merge of its consensus and execution layers in September 2022 has also strengthened the case for ambitious future upgrades, despite the trend towards long-term core protocol ossification.

In our view, this supports the fundamental narrative for Ethereum as a leader in a multichain world, particularly since nearly all networks are competing for the same pool of users and capital.

Yet, despite the uncertainty surrounding the potential fallout, there are important characteristics that distinguish this market from the previous crypto winter. For one, institutional crypto adoption remains firmly entrenched. Many investors take a long-term perspective and recognize the cyclical nature of these markets. Rather than stepping back, they are using this environment to hone their knowledge and build the infrastructure to prepare for the future.

But no one is arguing that digital assets haven’t faced an important setback. The total market capitalization of cryptocurrencies is currently around US$835 billion, down 62% from $2.2 trillion at the end of 2021, albeit still high relative to most of the asset class’ history. Comparatively, the Nasdaq is down 30% since the end of 2021 and the S&P 500 down 18%.

From a Sharpe ratio perspective however, crypto’s risk-adjusted return actually performed in line with US and global stock indices through 2022 and did much better than US bonds. Prior to the fallout in November, an equally-weighted basket of BTC and ETH offered a negative Sharpe ratio of 1.08 compared to an average negative return of 0.90 for US stocks. This is a significant deviation from the trend observed in the last crypto winter, when digital assets underperformed nearly all traditional risk assets for the duration of 2019 and into early 2020.

Alameda-Backed Ren Warns Crypto Could Be Lost As Platform Shuts Down

By
Paul Ugbede Godwin
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0

Ren Protocol, the Alameda-funded crypto platform that issues wrapped bitcoin under renBTC, is remodeling itself after the FTX crash.

Ren is winding up its 1.0 protocol as it was run under a company now involved in FTX bankruptcy proceedings. The team disabled minting last month.

Ren warned that the upgraded version may not be compatible with 1.0, so holders of Ren assets should quickly bridge back to native chains “or risk losing them.

The Ren 1.0 network is likely to imminently shut down, and any remaining assets are at risk of being lost,” the team said in a Sunday tweet. DeFi liquidity pools which support Ren assets, such as Curve, could be impacted.

Reminder that Ren assets need to be bridged back to the respective native chains. The Ren 1.0 network is likely to imminently shut down, and any remaining assets are at risk of being lost.

— Ren (@renprotocol) December 17, 2022

Ren serves as a blockchain bridge, allowing users to send tokenized versions of their crypto between networks by first depositing them to the platform.

In renBTC’s case, users lock bitcoin in RenVM to receive an ERC-20 token. This digital asset can be used across the Ethereum’s DeFi protocols, for example, before being sent back to Ren for burning, which unlocks the initial bitcoin deposit. RenBTC’s market value was more than $1 billion last November, now $15.2 million.

Sam Bankman-Fried’s venture-slash-trading firm Alameda Research acqui-hired Ren last February for an undisclosed sum. Ren began to support Solana shortly after.

Alameda reportedly contributed $700,000 per quarter to keep the operation going. A community call last month revealed Ren had just $160,000 in funding left, only enough cash to last until the end of the year.

Ren says it can deploy 2.0 with more funding

Ren already announced its 2.0 upgrade in August and intended to roll it out slowly. But the development team decided to expedite the process after the FTX bankruptcy to ensure the “ecosystem’s safety and integrity.

The team is also moving away from the renproject.io domain, which is owned by Alameda. Control is expected to be transferred to a decentralized autonomous organization (DAO), RenDAO.

Holders of native Ren crypto, REN, are voting on a proposal which looks set to mint 200 million tokens ($14.6 million) to cover operations moving forward. REN has dropped more than 40% since FTX imploded last month, now down 86% year to date.

The total value of crypto locked inside RenVM had also evaporated leading up to FTX’s demise, from $1.15 billion in January to around $150 million at the start of November, currently at $36 million.

Ren in particular is egregious because they were at one point a decentralized protocol, but then partnered with ftx and recentralized. Many folk holding renbtc didn’t even know about the change.

— scoopy (@scupytrooples) December 18, 2022

Ren 1.0’s sudden shuttering hasn’t been totally well received. Indeed, Ren has long had its critics, particularly over trust concerns surrounding deposited bitcoin and centralization of its RenVM network.

Chad Barraford, tech lead for Ren competitor Thorchain, told Blockworks in a recent interview that Ren runs all RenVM nodes itself and said the platform is an example of “the problem of centralization within DeFi.”

Users can now expect an upgrade to Ren 2.0, designed to make the protocol an open-source and community-controlled project with an independent incentive structure. The protocol plans to deploy 2.0 as soon as it secures additional funding.

As ChatGPT Rises, Google Reportedly Issues “Code Red”

By
Samuel Nwite
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0

Rattled by the growing popularity of ChatGPT, Google’s parent company, Alphabet, is reportedly making moves to address potential threats the new AI-powered search machine may pose to its business.

The Times reported, citing an internal memo and audio recording it reviewed, that CEO Sundar Pichai participated in several meetings around Google’s AI strategy and has directed numerous groups in the company to refocus their efforts on addressing the threat that ChatGPT poses on its search engine business.

Per the Times, teams in Google’s research, Trust and Safety division among other departments have been directed to switch gears to assist in the development and launch of new AI prototypes and products. Some employees have even been tasked to build AI products that generate art and graphics similar to OpenAI’s DALL-E used by millions of people, the report said.

Reporting on the development, Insider highlighted below, efforts that Alphabet is making to ensure that Google’s multi-billion dollar ad business is not in any way threatened by the rise of ChatGPT.

Google’s move to build out its AI product portfolio comes at a moment when Google employees and experts alike debate whether ChatGPT — run by former Y Combinator president Sam Altman — has the potential to replace the search engine and in turn hurt Google’s ad-revenue business model.

Sridhar Ramaswamy, who oversaw Google’s ad team between 2013 and 2018, said that ChatGPT could prevent users from clicking on Google links with ads, which generated $208 billion — 81% of Alphabet’s overall revenue — in 2021, Insider reported.

ChatGPT, which amassed over 1 million users five days after its public launch, can generate singular answers to queries in a conversational, human-like way by synthesizing information from millions of websites. Users have asked the chat bot to write a college essay, provide coding advice, and even serve as a therapist, Insider previously reported.

But some have been quick to notice that the bot is often riddled with errors. ChatGPT is unable to fact-check what it says and can’t distinguish between a verified fact and misinformation, AI experts told Insider. It can also make up answers, a phenomenon that AI researchers call “hallucinations.”

The bot is capable of generating offensive responses that are racist and sexist, Bloomberg reported.

The chat bot’s high margin of error and vulnerability to toxicity are some of the reasons why Google is hesitant to release its AI chat bot LaMDA — short for Language Model for Dialogue Applications — to the public, according to the Times. A recent CNBC report said Google execs are reluctant to release it widely in its current state over concerns over “reputational risk.”

Chat bots are “not something that people can use reliably on a daily basis,” Zoubin Ghahramani, who leads Google’s A.I. lab Google Brain, told the Times before ChatGPT was released.

Instead, Google may focus on improving its search engine over time rather than taking it down, experts told the Times.

As Google reportedly works full steam ahead on new AI products, we might get an early look at them at Google’s annual developer conference, I/O, which is expected to take place in May.

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