Energi (NRG) has been one of the biggest movers in the cryptocurrency space over the last couple of days - catapulting into the top 100.
At its core, the NRG blockchain is trying to take distributed ledger technology to the masses and achieve widespread adoption. Energi wants to build a secure, user-friendly platform that is trusted and globally accepted.
However, are these ambitions too lofty? What makes this project so valuable to investors now?
In this Energi review, I will attempt to answer that. I will also look at the use cases and potential for their native NRG coin.
Like most other cryptocurrencies, Energi is decentralized and blockchain based. Its focus is on decentralized applications and smart contracts, and it has a good method of governance along with a self-funding treasury model intended to assist in making it the largest, most popular blockchain platform in the world.
The Energi project began in the summer of 2017 as a fork of the Dash blockchain. At the time it used a Proof-of-Work consensus mechanism, with an ASIC resistant algorithm called Energi hash that is similar to Ethereum’s Ethash.
Since then it has transitioned to a Proof-of-Stake consensus with a network of masternodes. These masternodes provide usability and some of the notable features of Energi.
Masternodes ❓: If you are uncertain as to what masternodes are and how they work you can read our comprehensive Masternode guide.
Although Energi is a fork of Dash, it has been highly modified and has enhanced privacy, lower fees and higher scalability when compared with Dash.
The self-funding treasury system of Energi and on-chain governance system was enacted to ensure the long-term development of the project and serves as a means to attract contributors and developers.
Energi FeaturesEnergi has the same basic features you will find with nearly any blockchain project; decentralization, an on-chain governance model, its own HD wallet, and trustless transactions.
It has also put a spin on some common features to make them more useful.
Self-Funding TreasuryA self-funding treasury isn’t an unusual feature in a masternode blockchain, but Energi has one of the largest percentage allocations to the treasury of any masternode blockchain. A full 40% of the released NRG goes to the treasury.
The Treasury Cycle at Energi. Image via Whitepaper
Since there are 1 million NRG released every month, and there’s no cap on the total coin supply, this gives the treasury 400,000 NRG every month to be used for marketing and development of the project. This is meant to ensure longevity for the project, providing funds to improve technology, grow the community, and to compensate developers.
Because there is no supply limit Energi has allocated this large percentage to the treasury to improve the decentralization of the blockchain, and to maintain the performance of the network.
Built-in GovernanceLike many of the other more recent blockchain projects, Energi has included a community-based governance model. In the Energi model, any stakeholder can submit a proposal for open consideration by the community.
Then, once done, the masternode owners then vote on the proposals to determine whether they will be implemented or not. This governance model was chosen because it not only encourages adoption by giving users a voice, it also helps with scalability and increases the stability of the network.
Masternode BenefitsAs a fork of Dash, the Energi network includes both the Instant Send and Private Send transaction features, but the masternodes of Energi allow this with improved transaction speed and with lower fees.
Masternode returns for Energi blockchain. Image via whitepaper
Because Energi has a 2 Mb block size and 1 minute block time users benefit with minuscule fees and quick transactions. Scalability is also improved by using masternodes, with the scalability of the network growing as the number of active masternodes grows.
DApps and Smart ContractsThe planned network of dApps will give the Energi network usability that will help it realize its goal of global adoption. And the addition of smart contracts will increase trustlessness, security, speed, efficiency and transparency for the entire Energi ecosystem.
Smart contracts will also help promote development, which in turn will bring in new users and investors to increase the value of NRG as it becomes increasingly valuable as a currency for developing and powering dApps, as well as the base currency in the planned Energi X exchange.
MasternodesAnyone is able to host a masternode by staking 10,000 NRG. At current prices, this amounts to an investment of $86,100 as of July 5, 2019.
The masternodes provide several of Energi’s features, including the Private Send and Instant Send functionality, as well as self-funding and self-governance and increased scalability and security for the network.
Masternode owners are rewarded for securing the network with NRG. 40% of the NRG generated is allocated to masternodes. This is roughly 400,000 NRG per month. Currently, there are 798 masternodes, which means each masternode is receiving around 500 NRG per month, which is equivalent to just over $4,300. That’s $51,600 annually or an annual return of 60%.
Setting up a masternode is not extremely straightforward and you need a bit of command line experience to do it. The Energi team have tried to make it as easy as possible with this pretty intuitive guide.
Alternatives ❓: Those who have less than 10,000 NRG can also stake their coins and receive staking return. The minimum required to stake a coin is only 1 NRG and it is also that much easier to set up and configure.
The Energi TeamThe Energi team consists of 18 dedicated and knowledgeable individuals, all of whom are committed to blockchain technology and the creation of a decentralized network that is self-funding and community governed. They come from a wide variety of disciplines, including development, operations, marketing, and of course entrepreneurship.
The CEO and founder of Energi is Tommy, also known as TommyWorldPower from his Twitter and YouTube accounts. He is a well-known blockchain evangelist and educator within the blockchain space. His understanding of how blockchain functions and its prospective uses were the inspiration and foundation of the Energi platform.
Some Energi Team Members. From Left: Tommy, Ryan Lucchese & Andrey Galkin
The president of Energi is Ryan Lucchese who oversees the day-to-day operations. He has a strong background in software development which is no doubt an asset for the Energi project. Prior to starting at Energi, he was an engineer at Hyland Software and NCH Software.
In the lead developer seat is a guy called Andrey Galkin. His linkedin does not list his experience on Energi but perhaps that is an omission. Andrey has a long engineering background and has held numerous roles in both Enterprise and startup environment.
These are only some of the team members but you can view the rest of their credentials over on their team page.
When a cryptocurrency launches with no ICO or premine, it does not have I large marketing budget to spread awareness of the coin. This is where a strong and engaged community can help.
To that end, Energi has a pretty sizable community behind it.
For example, they have a large member count in their Telegram channel with over 14k members. I decided to jump into the channel to get a better sense of the ongoing conversation.
Energi Telegram Channel
As you can see, the Admins are quite helpful to the community member and the conversation above. There is also a distinct lack of your typical "moon boys" in this channel which is a good sign.
Apart from their telegram channel, they also have a Discord server which could be an attractive alternative for those users who prefer this platform.
On the social media front, Energi has a pretty decent following on Twitter with over 30k followers. They regularly keep their users up to date here with the latest developments. There is decent engagement with these tweets.
Finally, it is worth mentioning that Energi also has an official blog that they contribute to regularly. This helps to keep the broader cryptocurrency community informed.
The NRG TokenNRG began as a Proof-of-Work coin with no ICO and no pre-mine. The mainnet launch was announced and mining began fairly.
The first listing for NRG on CoinMarketCap was August 24, 2018, with an opening price of $0.264592. Price jumped higher by around $0.10 immediately and spent several months trading between the all-time low of $0.244958 and roughly $0.40.
In October 2018 the coin began trending higher after masternode payments began, and reached levels over $1 as November began. This rally is much earlier than the Bitcoin rally and the end of the crypto bear market for the broader cryptocurrency space.
NRG Coin Price Performance. Image via CMC.
Price dipped in January and February 2019, but never below $0.54 and by March NRG was trading above $1 again. It remained between $1 and $2 in April 2019, then moved to a range of $2 to $3 in May 2019.
The real rally began in June 2019, with NRG reaching an all-time high of $9.90 on June 25, 2019. Since then it has pulled back somewhat and trades at $8.61 as of July 5, 2019.
For those interested, the Energi team has been conducting airdrops of the coin and there is one final round of 1 million NRG to be airdropped. Details can be found here once the airdrop round begins.
Trading & Storage of NRGIf you would like to buy or trade your NRG, then there are a limited number of exchanges that you can use. These include the likes of Digifinex, Kucoin and Cryptobridge.
Digifinex has the bulk of the volume though and turnover rates appear to be on the lower end for a coin with such a large market cap. This means that liquidity could provide a challenge for those traders who are trying to execute large block orders.
Once you have got your NRG tokens, you are going to want to move them off of the exchanges. We are all too aware of the risks that come from a large centralised exchange hacks.
If you are looking to merely send / receive the coins and "hodl" them for price appreciation then you can use the Coinomi wallet. This is a third party wallet that has support for an additional 500+ cryptocurrencies. It is available on mobile and desktop across multiple operating systems.
Unfortunately, the Coinomi wallet cannot be used to stake coins. If you would like to do this then you will have to download and install their core wallet. There are also a whole host of more advanced functions that the core wallet can execute.
Energi DevelopmentI consider project development progress as a critical metric that one should track. This can give you an idea of just how much work is actually being done on a daily basis.
Although some developers may work in private, those projects that are open source should use a public code repository. Thankfully, Energi has a public GitHub that allows us to dig into their code.
Below are the GitHub commits for the main core Energi Protocol repository:
Commits for Energi over the past 12 months
As you can see, the developers have been quite busy sending coding updates to their core protocol. Its also worth noting that there are a further 14 repositories in their GitHub although only 4 have any code commits over the past year.
Comparing the coding commits for the core repository with that of the rest of the cryptocurrency complex, it is reasonably positioned. For example, they are ranked at 134 on this site which is just between Bytom and the Request Network.
Indeed, this coding activity could make more sense when you take a look at the broader roadmap. The Energi team has been meeting a number of key milestones and there are some really interesting updates that are planned...
Energi RoadmapI include this section because I feel it’s relevant to know what the team has planned for the future. The reason this is relevant is that Energi depends on a dApp platform and smart contract functionality, but so far it has neither of these. Currently, the project is little more than another masternode blockchain with its own cryptocurrency.
The Energi roadmap is complete and gives good details of the development plans for the coming 18-24 months.
The most important item on the roadmap now is the launch of Energi 3.0 in the fourth quarter of 2019. This will include smart contracts and will allow for the migration of Ethereum dApps and is the first real step towards the goal of global adoption.
Worth Considering?Energi has rocketed into many traders awareness as it has come from over 200th in market cap to 58th as of July 5, 2019. Its listing on the popular DigiFinex and KuCoin platforms is certainly positive too.
Considering the rally in NRG began back in October it may not follow the lead of Bitcoin. It could also pullback leading up to the launch of Energi 3.0, which I would expect will spark a new rally as smart contract and dApp functionality are core features of the platform.
You might wonder why this coin has gained 300% in June when right now it’s little more than a PoS masternode coin. There’s been no earth-shattering news from the project and no major developments. Does that mean this has been a manipulated pump of the coin? There’s no way to tell for sure, but if that’s true these gains will quickly evaporate.
Energi - Yay or Nay?
Consider too that even though Energi says their launch was fair, there was actually no public announcement of the mainnet until block height 171897. That’s hardly fair, and with the treasury getting 40% of rewards and the founders receiving 10% of rewards there’s no reason for this type of trickery.
The runup in price has made it more expensive to run a masternode, but the return is still quite good. That might not continue to be the case as new investors setup masternodes to take advantage of the 60% annual returns being generated.
Energi says they want to be the leading global cryptocurrency, but nearly all blockchain projects have that goal. Energi has certainly made great strides recently, but what makes the project different or unique?
There will be more possibilities with the introduction of smart contracts and dApps, but Energi still won’t be unique. And they’ve already pushed back the launch of these features from Q3 2019 to Q4 2019.
So, you will have to decide whether NRG are still attractive at these levels or whether a retracement is imminent - which could present additional opportunities.
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BYTOM, a blockchain protocol held its 2019 Developer Conference named Bytom DevCon2 on 24th August in Fort Mason, San Francisco.
The purpose of this conference is to promote the Blockchain Technology application, develop sustainable open source ecology and motivate developer talents.
For this Developer challenge, more than 50 teams from US, Russia, India, Belgium, Brazil, Nigeria, and China registered and out of which, the six winning teams presented their demo show. The first prize among those six teams was captured by PAYPAW TEAM FROM CANADA, which developed a BTM micropayment system and they received $30,000 equivalent in BTM tokens.
This DevCon by Bytom was the second conference after last year’s conference which was held in 2018. Many famous speakers including directors or co-founders of famous organizations like Darin Kotalik, Naveed Ihsanullah, Nick White, Mo Dong, Daniel Yan, Zera Alexander was invited by Bytom DevCon who discussed in public blockchains, investments, and digital assets.
The conference started with Duan Xinxing, CEO of Bytom who discussed that he wanted to create digital assets internet to support multiple assets and programmable the economy also revealing the recent release of Bystack, a blockchain service platform with mainchain-sidechain design to which already one sidechain having 42 partners have integrated. James Zhu discussed that he would release Bystack roadmap in the near future meanwhile working on BBFT 2.0 and Bytom 1.2 release. Wei Wang showed that the BBFT algorithm, TPS on sidechain could reach 20k with the confirmation time 0.6 seconds per transaction having fork probability of 0.27% where MATPool stated to provide most profitable tokens automatically using Mining as a service (MaaS).
Mo Dong told he wants to promote adoption of blockchain through games, Steven yang discussed regarding value creation in digital assets, Zera Alexander’s thoughts were that stable coins would boom in the future, and Daniel Yan shared Hong Kong and Singapore as Asia’s best crypto business places whereas Will Yang pointed out the experience of users is more important. Lastly, Cecilia Li and TF Guo shared their thoughts regarding asset demand, value, and trading.
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Manisha Agrawal Manisha Agrawal is a cryptocurrency and blockchain enthusiast. She has worked as a content writer for two years and worked as a research based blockchain blog writer too. Also, she worked as a crypto news writer with various known firms like Crypto-News India, Coingape and The Coins Report.
In 2017, China dominated cryptocurrency headlines – but to many observers, it’s now all quiet on the eastern front. But don’t let the diminished focus fool you – Chinese blockchain projects continue to innovate and build; and some are moving ever-closer to major global adoption.
On Thursday, September 6th, NEO organized a press event entitled “Symposium: Blockchain in China” which involved seven Chinese and Southeast Asian blockchain projects – NEO, Bytom, PlatON, Ontology, Vechain, Conflux, and TomoChain.
NEO Global Development (NGD)’s head of marketing, Gao Yuan, moderated the event. Discussions focused primarily on the Asian blockchain industry through 2020; driving mass adoption in China; and the Chinese regulatory environment.
Last February, NEO’s leadership outlined the roadmap to NEO3 at the second DevCon in Seattle. Since then, many of their goals have been achieved. NEO has successfully expanded the NGD Seattle team, updated NEO’s consensus algorithm, partnered with second layer solution providers, and launched a digital identity solution.
Source: NEO The project leaders discussed collaborative efforts towards building Web3 solutions, or what NEO founder Da Hongfei referred to as the next-generation internet (NGI) initiative, launched by the European Commission.
The future of blockchain in China The symposium began with a discussion of stablecoins and their potential impact on the future of Chinese exchanges. Most participants at the round table believed fiat-backed stablecoin assets could be viewed similarly to traditional currencies, which regulators may see as a replacement for conventional fiat.
Notably, the traditional industry seeks stable assets, because Bitcoin’s price volatility reduces institutional interest in using cryptocurrency for lending or settling trades. When regulators can view fiat-backed stablecoins as currency alternatives, cryptocurrency may become acceptable assets for management.
But TomoChain’s CBDO, Kyn Chaturvedi, challenges the need for banks to accept crypto-backed assets.
As centralized exchanges such as KuCoin and Binance offer “soft staking,” Chaturvedi pointed out, these platforms have become bank-like entities that manage retail investor’s assets. With staking benefits, retail investors may choose to park assets in an exchange, as opposed to a bank.
Further, the outlook through 2020 is “all about enterprise,” according to Chaturvedi. He expects decentralized finance applications to begin entering the Vietnamese and Southeast Asian markets.
Da Advocates For Blockchain Trade Organization NEO’s Da added that interoperability (or cross-chain atomic swaps) will have a more significant role moving forward.
With the digitization of assets, he pointed out, retail investors can use physical assets (i.e., mortgaging a home) for collateral. Digitizing assets also allows for user transaction history to act as a form of credit history, which may increase access to assets or settlement characteristics for users.
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Further, Da believes the conversation could begin around a type of world trade organization (WTO) between blockchain-based companies. A WTO might help to create a broader overlap across chains, much like the overlap between economies of varying countries. He went on to say that a free-trade zone among public blockchains could create a better division of labor.
For example, European and U.S.-based projects seem ever more likely to register in Switzerland, and Asian projects are often primarily interested in registering in Singapore. Something like a blockchain-WTO is necessary to consider activities allowed in specific jurisdictions.
Looking forward, Jun Li, founder of Ontology, believes changes in the coming year will meld developing countries with the internet. This could allow smaller to medium-sized platforms the opportunity to increase data points, use cases, and credibility.
Source: NEO Driving mass adoption in China Before mass commercialization of blockchain can occur, current technologies and product offerings must reach a level of maturation, which reduces friction for onboarding new users. Reducing friction for end-users is a prerequisite.
Developers and companies should make it simple for the less technologically savvy portions of the population to purchase cryptocurrencies and use decentralized applications. Further, tokens need to be integrated into current traditional platforms to replace current offerings.
Kevin Fang, founder of VeChain, is integrating the company’s blockchain technology into the existing technology of the company’s enterprise partners. As a service, VeChain outsources provider solutions that are customized for specific industry-based pain points.
For example, VeChain offers traceability to Walmart China’s supply chain for food safety. To hammer home the point of interoperability, Fang said, “enterprise partners don’t care which chain they’ll use, or if it’s a public or private chain, they just care that a traceability solution will work.”
John Wang, head of NEO Ecosystem Growth department, believes there are two areas of focus for driving mass adoption: complete ecosystems and interoperability.
First, he said, complete ecosystems are required to grow user bases and integrate blockchains. The integrity of a public blockchain is critical for the success of a project as is its ability to offer support for ecosystem partners.
Second, a single blockchain cannot serve real enterprises, just as systems, applications, and products (SAP) solutions can not address all of an industries problems. In addition to software, he said, implementation teams are also necessary to coordinate and assist enterprise partners in meeting their needs.
Ultimately, blockchain-based entities require further regulation, so they understand the limitations within which they can operate and where they stand. Without defined regulations, existing companies can get shut down when new regulations come down the pipeline.
With a clearly defined regulatory framework, blockchain can more easily integrate with current financial products and traditional industries.
China’s regulatory environment The final discussion of the symposium focused on China’s current and potential future regulatory environment.
Yuanjie Zhang, CFA of Conflux, highlighted that “blockchain and regulation aren’t incompatible.” Activities on blockchain architecture require regulation, he said, whether it’s activity through the exchanges or private wallets.
For example, U.S. projects require digital currency exchanges to submit know your customer (KYC) data. If a user gains returns from their assets through an exchange and doesn’t file taxes, authorities will soon be able to to catch tax evaders.
“If the Chinese government wants to tighten regulation,” he said, “then it just needs to look at the regulations around the world.”
Chaturvedi noted that, “In the West, we think China is strict, but there is clarity on what regulations actually are. In the US, there’s the SEC, the CFTC, FinCEN… each look at cryptocurrencies in different ways. As a result, regulation is very confusing.”
“Permissionless doesn’t mean you’re not allowed to be non-compliant,” said Ontology’s Li, noting that ICOs are banned in China because of illegal fundraising strategies. Li went on to say, “Fraud is illegal everywhere; China isn’t an exception.”
“Chinese regulation is among the strictest in the world,” added Da Hongfei. “China knows very well what can be done and what can’t be done, which is different from many regulators.” He went on to highlight that Chinese blockchain projects spend more on legal costs than blockchain companies in other countries.
With only three regulators in China that usually issue joint guidelines, Chinese-based projects like NEO better understand what can and can’t be done.
Interoperability Demonstrates Blockchain Advances NEO hosted the symposium to highlight the importance in the industry to build relationships across projects and establish interoperability protocols in the future.
Perhaps price isn’t the best indicator to measure blockchain projects’ successes and their potential moving forward.
Rather, it may be more telling to pay attention to coordination efforts between blockchain projects that have remained in the industry through the 2018 bear market.
If multiple blockchains are to succeed in the future, it is interoperability that will likely be paramount to their success – and that of the broader industry.
This article has been amended to correct a mispelling of Kyn Chaturvedi’s last name.
Disclosure: This article was edited by Dylan Grabowski. For more information on how we create and review content, see our Editorial Policy.
During the inaugural NEO Community Assembly (NCA), NEO introduced three new products. Fresh off the week-long NCA, NEO launched NEO3 Preview1, a pilot on their testnet that demonstrates considerable upgrades that could soon be incorporated on NEO’s mainnet protocol. These additions have pushed NEO closer to its anticipated NEO3 mainnet launch.
Inaugural NEO Community Assembly (NCA) Product Launches
Taking place from September 2 to 6, the NEO Community Assembly offered powerful insights into mass blockchain adoption within the China landscape by bringing together NEO as well as leading China-based projects such as Ontology, VeChain, PlatON, and Bytom. The biggest news out of this event was the release of three products focused on advancing towards next-gen Internet by enabling large-scale blockchain adoption through NEO’s signature developer-centric approach to innovation.
NEO•ONE offers an end-to-end framework for simplified programming, testing, and deployment of NEO dApps. NEO Blockchain Toolkit for .NET and NEO Express, developed by Visual Studio and Microsoft .NET, is a plug-in to improve the accessibility of smart contract development for both platforms’ large developer communities, 21 million and 7 million respectively.
Finally, NeoFS provides a system for decentralized file storage that emphasizes privacy, security, fault tolerance, scalability, and performance. The vision for NeoFS is to support dApp users who need to store data by providing a much cheaper alternative to what centralized cloud providers currently offer. The combination of all three tools are part of NEO’s strategy to strengthen the foundations of the project’s growing ecosystem.
NEO3 Preview1 Goes Live
Besides the launch of new products, the focal point of NCA was the talk surrounding the future of NEO’s protocol changes. Since the project published the NEO3 roadmap in April 2019, NEO developers have been working towards a full-scale mainnet upgrade which will provide several improvements that are vital to enterprise adoption. Recently, NEO achieved another milestone with the launch of its NEO3 Preview1 pilot on TestNet, representing a step towards NEO’s goal of building the foundation for next-gen Internet. NEO3 Preview1’s upgrades and features only apply to the TestNet. Nevertheless, they offer a compelling snapshot into NEO3 ahead of the planned migration, which is expected to happen sometime in Q1 2020.
Numerous upgrades have gone into the release of NEO3 Preview1. This includes an auto compression mechanism on P2P messages, which provides savings on space and bandwidth. In turn, this increases the possible number of transactions per second (TPS). While many changes apply to the efficiency of the blockchain itself, there are several refinements made with developers in mind. As one example, NEO 2.x has nine different transaction types that are related to a particular application scenario or provide more niche functionality. With NEO3, there will only be one transaction type. Other changes are focused on small tweaks for specific scenarios. For instance, the time unit of each block timestamp has been changed to milliseconds to open up more possibilities for IoT use cases.
It’s no secret that the decentralized oracle network Chainlink (LINK) has been one of the best performing digital assets of 2019, despite crypto winter and the absence of an altcoin rally.
And a large part of that success may be down to one word: partnership.
The ultimate irony? It may have been a mistake.
The word is over-used in blockchain circles. And a Chainlink representative was quick to contact Crypto Briefing when we reported ‘partnerships’ with companies such as IoTeX and Matic (even when one of the companies used the term itself) to request that we change the term to the more accurate ‘integration’.
In fact, the Google ‘partnership‘ reported by CoinDesk referenced a post by Google that never used the word ‘partnership’ at all.
CoinDesk never updated that headline, despite updating the article itself on September 11th, 2019.
John Biggs opened his article by claiming that “Google has tapped a startup token project, Chainlink, as an official Cloud Partner and the relationship suggests a deep and detailed interest in blockchain technology by the Mountain View giant.”
And CoinDesk wasn’t even the first: Forbes pre-dated their article, suggesting on June 13th that “Google software will be able to integrate data from sources outside the blockchain through a partnership with Chainlink…” (Emphasis ours.)
Chainlink themselves did not advertise the Google integration as a partnership either – founder Sergei Nazarov called it an ‘implementation’, and the Google Cloud Partners Twitter account did not mention it.
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Chainlink has been clear on the matter: on their website, they explain that “We work with top companies like Google…, providing them the secure oracles needed for next generation smart contracts.”
We contacted Chainlink and they neither confirmed nor denied that the company was an official Cloud Partner. Multiple searches for ‘blockchain’, ‘oracle’, ‘chainlink’ and so on did not return a result on the Google Cloud Partner Directory (which, incidentally, does not appear to work on Brave).
Yet those headlines made a big impression. On June 13th, the day before CoinDesk’s article, Chainlink’s market capitalization was at ~$400M. By June 29th, it stood at over $1.54bn.
We don’t know precisely how Forbes and CoinDesk found the Google blog post. Or whether it was sent to them with the word ‘partnership’ included or not.
But setting aside the discussion over whether the CoinDesk headline and Forbes characterization was incorrect (and if it was, the purpose of this article is not to assign blame – as previously noted, we have made the same mistake), the multiple integrations announced this year by Chainlink and other companies have clearly had a major impact on its price.
Chainlink Integrations And Price Action Chainlink has inked more than seventy integrations since it launched in late 2017. Although initially these had a limited impact on the LINK token price, the market’s reaction has grown in step with the rise in the project’s profile.
LINK has climbed steadily, moving from 38th to 15th largest cryptocurrency by market cap, since the beginning of the year. Even though the coin has been pared back from its ATH in late June, if an investor bought a dollar’s worth of LINK tokens on January 1st, they would still be worth more than $9 today, as a longer-term overview from CoinMarketCap illustrates.
Tokens have surged 800% since the beginning of the year. Source: CoinMarketCap. By Crypto Briefing’s calculations, each new integration/partnership has led to a 10% increase in the LINK price, on average. That figure falls to 7.7% if you exclude that crucial Google announcement.
The news in mid-June that BigQuery – Google’s search engine’s data warehousing and business intelligence solution – was “integrating Chainlink into their approach to smart contract adoption” sent the LINK token price skyrocketing.
In the space of six hours, the LINK price soared by more than 70% and the market cap surged by $300M. Analysis from TheTIE shows this had a significant effect on long-term sentiment – turning an already bullish market to very bullish in the space of a few weeks.
Source: TheTIE This clearly had a discernible effect on other announcements in the ensuing weeks. LINK surged by 20% on the IoTeX (IOTX) integration on July 12 and 15% on the Elrond (ERD) July 18 announcement, all of which happened within a month or so of the Google news, causing an above-average 10% surge in the LINK price.
Interestingly, LINK rose just by 4% following the announcement with INT Chain (INT) on July 23 , fell by 1% on the Akropolis (AKRO) integration on July 25, rose slightly by 1% on QuarkChain (QKC) on July 26, and finally dropped 13% on Bytom (BTM) in July 27.
This second grouping of integrations had below-average and even negative effects on the LINK price. As the graph below shows, it coincided with a precipitous drop in tweet volumes and 30-day average daily sentiment: the first instance of a move into the ‘bearish’ camp since the Google BigQuery announcement.
Source: TheTIE What this shows is that significant announcements – the sort of development that creates surging prices and a volte-face in sentiment – can have a longer-term influence on other positive news.
Like a new version of the ‘Coinbase Effect’, which could exert a strong influence on trading behavior, integrations a month after BigQuery led to higher average increases in the LINK prices, something that quickly subsided as sentiment began to pare back.
That might explain why integrations at the end of July received below-average price increases.
Cryptocurrencies are driven by sentiment much more than any other asset-class.
Using Chainlink announcements as an example, traders can see just how long sentiment’s reach really is, and how much it can be driven by one headline.
Even if the headline that drives the sentiment may not be entirely accurate.
Jon Rice contributed additional research and analysis to this article.
Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.
After the events of last week, news from China keeps on coming. After China’s president, Xi Jinping, urged the country to increase its usage of blockchain technology, crypto prices have gone through the roof. The overall cryptocurrency market experienced a significant uptick initially, but that wasn’t enough for Chinese projects, as some have continued to surge by the hour.
Chinese Crypto Projects to the Moon Friday was a day filled with optimism in the crypto market. The president of China made an announcement that appears to have had a huge impact on the industry. According to Xi Jinping, the country should invest more in blockchain tech in light of its “critical role in technology innovations and industrial revolutions”.
The community was quick to react, and gains were had all over the place, especially for China-based projects. While most altcoins are surging against the USD but falling against Bitcoin, NEO, Ontology, Qtum, Bytom, GXChain are all skyrocketing at the moment.
Bytom’s rise is the most notable one as of now, having increased more than 75% against BTC and 85% against the US dollar.
BTM/BTC Bittrex. Source: TradingView Ontology has risen 40% against BTC and 45.5% against the dollar.
ONT/BTC Binance. Source: TradingView NEO is trading at $11.71, having risen 35% against the dollar and 27% against BTC.
NEO/BTC Binance. Source: TradingView As impressive as these surges are, these projects’ all time highs are even higher. Bytom’s current price ($0.143) is down 85% from its ATH of $1.17. Similarly, ONT is down 90% from $10 to $0.95, and NEO has fallen 94% from its ATH of $196.
You may also like: Trump Heads to Beijing for High-Stakes Xi Summit: What It Means for Bitcoin Why Has Bitcoin Dumped 50% When Global Liquidity Has Increased? Chinese-Language Laundering Networks Now Dominate a Fifth of Global Illicit Crypto Flows Chinese Interest Picks Up Xi’s announcement regarding blockchain has had a significant impact in other areas as well. It’s still hard to say if that was the only reason for the substantial price surge, but it’s safe to assume that it played a role.
CryptoPotato reported earlier today on increased interest in blockchain and Bitcoin among the Chinese public. The China-based multi-purpose app WeChat showed a 1,200% increase for blockchain-related searches on the 25th of October. Also, a new cryptocurrency law is set to become active in the country starting next year.
Interestingly, the CEO of US-based Facebook last week urged his own country to invest more in blockchain, lest it fall behind other countries such as China.
This weekend has been one of the best in recent history in terms of crypto asset performance. Bitcoin’s epic rally to retouch five figures has given its brethren a boost but there appears to be a pattern emerging. Chinese crypto assets are leading the way resulting in speculation that the red dragon may have just ignited another altseason.
Chinese Crypto Bulls Awaken Most altcoins have remained on the floor this year. A brief move in summer renewed hope that an altseason may be about to begin again but that was quashed when all gains evaporated over the past few months.
Only a tiny handful of altcoins have made serious progress this year, the majority are still over 80% down from their all-time highs.
As Bitcoin got a major boost late last week from the Chinese president, crypto asset markets increased by 25%, or over $50 billion in just a day or two. Many of those low lying altcoins started to surge and Chinese ones were leading the pack as the fomo builds.
Tron has been explosive over the past day with a 30% surge to reach $0.021 or 215 satoshis. Daily volume is almost $2 billion which has push market capitalization up to $1.9 billion. Chinese entrepreneur and project CEO Justin Sun has been a marketing machine and he didn’t miss the opportunity to post that TRX was now a top ten crypto asset again.
Back to TOP 10. #TRON #TRX $TRX $BTT pic.twitter.com/kTMIof3PIT
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) October 28, 2019
There has also been a lot of Tether printing recently for chain swaps to the TRC-20 standard which Poloniex, Huobi and Bitfinex are now supporting.
VeChain is another Chinese crypto project and it is no surprise that this token is also surging 30% at the moment. VET has spiked to 44 satoshis in under 24 hours as the fomo intensifies in the People’s Republic. Bytom, another Chinese dominated crypto platform, has pumped over 100% in 24 hours as BTM topped $0.18.
NEO is another solid performer as this ‘Chinese Ethereum’ has cranked 35% on the day. Late last week NEO was trading below $7 and by Monday morning it had topped $12. Daily volume has surged from around $225 million late last week to $1.3 billion at the moment which equals that during the January 2018 peak.
There have been continual updates and development on the blockchain and network but until this weekend NEO has not performed at all. When NEO does perform well, its sibling tokens also get a lift and GAS and Ontology are cranking higher today.
Not So Fast … Not all are so optimistic however and the Chinese fomo should be taken with caution according to some crypto analysts. Alex Krüger noted that China will not allow public decentralized crypto assets and is all about control;
“Odds of China supporting public blockchains with tradeable tokens that can be used for speculation and moving money out of China bypassing capital controls … are close to zero. China is not interested in decentralization but in control. Private blockchains don’t need tokens.”
This may be the case but it does seem that the China effect has caused more fomo than Bakkt, Libra and any crypto ETF promises combined.
It’s safe to say that the last few days have been nothing short of turbulent for Bitcoin. After trading in a close range for a few weeks with rather low volatility, the cryptocurrency last week recorded its largest daily price increase since 2011. In a span of about 24 hours, it surged by more than 40%, rising as high as $10,350.
Predictably, a correction soon followed. Bitcoin shed about $1,000, as its price fell to around $9,400. Bitcoin’s dominance rate also increased notably. Prior to the latest surge, Bitcoin’s share of the overall crypto market was around 65.5%, and it rose as high as 68.6% before pulling back to 67.9%.
BTC/USD. Source: TradingView Altcoins also saw substantial gains following Bitcoin’s price surge. This was especially true for Chinese projects, many of which saw massive increases. That’s perhaps to be expected, given that one of the potential reasons for the overall market increase was China’s President Xi Jinping urging the country to streamline the usage of blockchain technology.
Major Cryptocurrency Headlines Mark Zuckerberg Is Right About China: President Xi Jinping Urges Investment in Blockchain. The president of China, Xi Jinping, urged the country to increase the development and implementation of blockchain-based technology, praising its qualities and usage in various industries. Interestingly enough, this came just a couple of days after Facebook’s CEO, Mark Zuckerberg, said that “China is moving quickly” in this regard and that the US could fall behind if it fails to speed up.
Bitcoin’s Price Touches $10,350, Records Largest Daily Percentage Increase Since 2011. Immediately after President Xi Jinping’s speech, Bitcoin recorded its largest daily increase in percentage terms since 2011. The cryptocurrency went parabolic, spiking more than 40%. The move was sudden, and the price subsequently cooled off a bit, retracing to $9,400.
WeChat Searches For “Blockchain” Spiked 1,200% Following News of New Chinese Cryptocurrency Law. It goes without saying that regulations have a lot to do with adoption and awareness in the field of cryptocurrency. WeChat, a Chinese multi-purpose application, saw a substantial surge in searches for blockchain-related terms. The development followed not only the president’s statement but also some reported changes in the country’s cryptocurrency laws.
You may also like: Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control Analyst Warns: Strategy Will Have to Sell Over 50,000 BTC by 2028 The Biggest Winners and Losers Bytom (+84.91%) Bytom, being a China-based cryptocurrency project, is among the biggest winners of the top 100. BTM has surged upwards of 86% in the past 24 hours, bringing its price to around $0.144 at the time of this writing. Trading against Bitcoin, BTM is up around 85%. It currently possesses a market cap of around $144 million and has also seen a notable increase in trading volume. Over the past day, its trading volume has exceeded $152 million.
Ontology (+33.19%) Ontology has also managed to capitalize on the latest market movement. Its price increased by about 33%, and ONT is currently trading at around $0.973. Its market cap is approximately $541 million. Interestingly enough, the cryptocurrency also made substantial gains against Bitcoin, as it’s trading around 31% higher against the leading cryptocurrency. Its trading volume is also massive – more than $709 million in the past 24 hours alone.
Nexo (-9.66%) Unfortunately, not all projects managed to catch Bitcoin’s latest wave. In the past 24 hours, Nexo has declined by about 10% against the US dollar and 11% against BTC, making it the biggest loser among the top 100 coins. Its current market capitalization is around $53 million, and its trading volume is a little more than $10 million.
Over the last three days, cryptocurrencies have registered one of the biggest price jumps and crypto enthusiasts are more optimistic than ever about the future. The market cap of the aggregate crypto market stands at around $250 billion, after gaining more than $50 billion in days. According to some analysts, this unexpected ascent was as a result of the comments made by the Chinese President Xi Jinping and the passing of the crypto law that will see increased use of blockchain technology in China.
The Chinese crypto FOMO has had a profound effect on digital assets than ever witnessed, with Chinese-centric coins posting the most gains. To cap it all off, a major Chinese bank has invested in a local bitcoin wallet provider.
Chinese Crypto FOMO Massively Pumps The Market The comments by Xi Jinping and the passing of the cryptography law came as a huge surprise to many considering the fact that China has been on the forefront to fight cryptocurrency. Now, the Chinese government is seemingly taking a bold step towards the adoption and growth of blockchain technology, presumably to gain an edge in the budding digital landscape.
On Friday last week, Jinping made some positive comments about blockchain technology. On Saturday (26/10/2019), the standing committee of the 13th National People’s Congress passed the cryptography law which will take effect early next year. This law is designed to standardize the application of passwords and the use of blockchain technology.
These events have had a tremendous effect on the crypto economy. Overall, the prices of almost all the cryptocurrencies have improved a great deal over the last few days. These gains have been monumental compared to the impact seen with Bakkt, Facebook’s Libra or the hope of approval of ETFs by the USA regulatory bodies.
Chinese-Centric Coins Record Huge Gains Although the news coming from China pumped the entire crypto markets with bitcoin, XRP, Ethereum, and other top cryptos posting considerable gains, Chinese-centric coins are noticeably enjoying the lion’s share.
TRON (TRX) has gained 15.60 percent against the US dollar in the last 24 hours. TRX climbed from $0.0137 to $0.020244 at press time. Its market capitalization stands at $1.35 billion, making TRX the tenth-ranked cryptocurrency. TRX’s ascent is as a result of several bullish reports surfacing from China. Additionally, TRON founder Justin Sun recently mentioned an upcoming partnership between Tron and a 100 billion dollar megacorporation. According to Sun, this partnership will promote the distribution of TRON Dapps and tokens to a vast number of customers.
Other cryptocurrencies that have some sort of tie to China are posting massive gains. Bytom, Ontology, VeChain, and IOST are up by 37.78%, 11.37%, 5.31%, and 8.19% respectively in just 24 hours.
Chinese Bank Invests In Bitcoin Wallet BitPie According to a couple of crypto analysts, bitcoin was headed towards a bearish territory, the Death Cross. This is a scenario that happens when the 50-day moving average drops below the 200-day moving average. In simple terms, before Friday, bitcoin’s technical outlook looked dismal but dramatically changed after comments from the Chinese leadership.
Chinese bitcoin FOMO has risen, so much so that a Chinese bank has reportedly invested in a local bitcoin wallet platform. According to a well-known industry analyst and founding partner of Primitive Crypto Dovey Wan, China Merchants Bank has invested in BitPie, one of the longest-serving bitcoin wallet provider in China. BitPie is a non-custodial wallet and so far has the largest number of users. Per Wan, this move is a continuation of the growing trend of crypto and blockchain nationalization in China. She summed it up nicely, stating:
“All I can say is this ton me it’s a sign of [the] beginning of the nationalization of Bitcoin/cryptocurrency related infra in mainland [China]. Eventually, all things can be state-owned, or at least partially (mining, ASIC, exchanges, wallets, etc).”
Does This Mean China Is Finally Unbanning Bitcoin And Cryptocurrencies? In 2017, the Chinese government restricted trading on local cryptocurrency exchanges and banned ICOs. However, it appears that the Chinese government is now taking a different approach. In addition to embracing blockchain technology, reports say that the Chinese Communist Party (CCP) is distributing material intended for blockchain learning, with content about bitcoin and ethereum as well.
Moreover, Sichuan Daily reported today that Yang Jiang, former Vice-chairman of the China Securities Regulatory Commission suggested that Sichuan province should open up more business opportunities in the region using both bitcoin and blockchain technology.
It’s worth noting that the remarks made by Jiang are not representative of the Chinese government. However, they come just a few days after the Chinese president Xi Jinping made impressive comments about blockchain. This goes to show that China is not only becoming more interested in blockchain technology but also in bitcoin.
While it is rather improbable that the Chinese government would create any kind of competition for its upcoming digital currency, the hard-line stance on bitcoin and cryptocurrencies seems to have changed considerably.
China is abuzz with all things blockchain. Since Thursday, when Chinese President Xi Jinping delivered his ringing endorsement of digital ledger technology, China has seen an abundance of new initiatives, positive sentiment and surges across cryptocurrencies and blockchain related stocks.
In late 2017, in a bid to protect retail investors burned by the ICO craze, China adopted a tough stance on cryptocurrencies, while continuing to champion blockchain, the underlying technology. The global effect wasn’t instantaneous, but many analysts saw its attitude to cryptocurrencies as a harbinger of the fall in Bitcoin and other cryptocurrencies over the following months.
Xi’s calls last week for China to “take the leading position” in blockchain, as a “core technology,” and for industry investment and support, have resulted in what many are calling a new boom for the industry.
Here’s how that’s playing out in China and beyond.
1. Crypto boom timeBitcoin (BTC) surged 24% in the 24 hours following Xi’s comments, reaching $10,350 in its biggest two-day leap since late 2017. Other major cryptocurrencies including Ethereum (ETH) and Ripple's XRP also saw big gains. Pundits took to Twitter to proclaim that the president’s comments had sparked a crypto boom, though not everyone was in agreement.
$BTC has moved +42% today
- 4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).
- 15th largest two-day gain in history, Nov/18/2013.
Thank you China.
President Xi is the true Crypto Dad.
— Alex Krüger (@krugermacro) October 26, 2019
2. Soaring blockchain based stocks Government support of preferred Chinese industries translates to billions of dollars in cheap financing and other subsidies, with investors alert for any sign of favoritism towards a certain sector.
As a result of Xi’s pronouncement, Chinese investors have been snapping up shares in blockchain-related businesses. More than 85 stocks hit the 10 per cent upside limit that halts trading in Shenzhen and Shanghai, the Financial Times reported today. Even businesses only marginally related to blockchain benefited, including an index of blockchain-related equities compiled by data provider Wind which saw an 8.9 percent rise to its highest level since April. In Hong Kong, Pantronics Holdings, which was acquired by crypto exchange Huobi, soared as much as 62 per cent.
“It’s all because of Xi,” Pan Shaochang, an equity analyst at financial services startup Dongwu Securities, told the FT. He added that many of these businesses were still at an early stage, but that “the growth potential is huge.”
3. Chinese crypto renaissanceChinese cryptocurrencies have emerged from the doldrums to take centre stage. Home-grown cryptocurrencies NEO, Ontology (ONT), Quantum (QTUM), VeChain (VET) and others saw gains of more than 50%. Bytom (BTM), saw an increase of 459%, as per reports on China’s Huobi exchange. Such staggering gains caused commentators to ridicule the influence on the market of crypto startups such as Bitcoin futures exchange Bakkt or Facebook’s Libra coin.
Ahahahahahhaha, now on Chinese CT
" Fuck ETF, fuck Bakkt, fuck Libra, none of these BS will pump, only we Chinese pump with real money, the only way to pump"
(excuse me for the F word... try my best to translate from very Chinese slang)
— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) October 28, 2019
Chinese research agency CCID today poured oil on these claims with its update of global project rankings. EOS retrained its pole position, but Swiss-headquartered Ethereum gave way to China-based Tron. While the CCID’s methodology has been questioned by some, it’s also gained credence after Xi’s comments.
4. Surging interest across Chinese mediaBlockchain has been all over the Chinese media since Xi’s remarks, with @cnledger, a Twitter account for China's crypto industry, noting that it’s been reported on “intensively” across national TV channels and newspaper headlines.
Search volumes for keywords related to blockchain also spiked on Chinese search engine Baidu and messaging app WeChat after the presidential speech. China-based Google searches rose significantly, suggesting that Xi’s remarks had encouraged intense interest in cryptocurrencies, said Reuters.
"There have definitely been more conversations since the weekend," Anthony Wong of Hong Kong-based crypto investment firm Orichal Partners told the New York Times.
5. China’s national digital currency is imminentIn recent months, China has stepped up plans to launch its own national digitial currency, with the People’s Bank of China hiring experts to join its Digital Currency Research Institute (DCRI). Huang Qifan, vice chairman of the China Center for International Economic Exchanges (CCIEE), predicted in an interview with tech news site Pandaily that China would be first off the mark with a national currency. Many believe that the FOMO (fear of missing out) generated by Facebook’s efforts to get its cryptocurrency Libra off the ground has led Beijing to accelerate its efforts. While no date has yet been set, Li Wei, head of the People’s Bank of China’s technology department, today told a Shanghai forum that, in preparation, commercial banks should step up their application of blockchain technology and embrace digital finance.
6. China’s blockchain ecosystem is expandingChina’s blockchain industry is in rude health. The Chinese government requires blockchain projects to register with its Cyberspace Administration, and more than 500 blockchain projects have done so since March, run by state-owned banks, courts and tax offices, as well as commercial tech conglomerates. China’s most popular app, Xuexi Qiangguo, has launched government-run courses in Bitcoin and Ethereum.
And China looks set to expand its focus on blockchain education; in his speech, Xi called for the creation of new initiatives such as “Blockchain+,” a platform for “personal development” in areas such as education, employment and health. China’s Communist Party is even urging patriots to “seize the opportunity” created by the technology, and swear their allegiance via blockchain.
7. China has introduced its first cryptography lawChina’s national congress on Saturday passed a new law designed to encourage research and development on commercial cryptography technologies. It also aims to build up standardized regulations for the industry, in preparation for the upcoming challenges the nascent sector will face. On Twitter, it sparked comparisons with the approach taken by the U.S.
A pal sent me this from Vegas. If the US regulators don’t allow for fintech innovation, the Chinese will eat our lunch. Xi’s comments on Friday were significant. Crypto and blockchain will be part of the financial and consumer infrastructure in the future. Buy the dip. $btc pic.twitter.com/prM9VvjT3x
— Michael Novogratz (@novogratz) October 26, 2019
But what of Bitcoin? Will developments in China continue to fuel the recent meteoric rise of the original cryptocurrency? Sentiment is, broadly speaking, bullish: “The positive comments from the Chinese leader will continue to support the broader crypto prices to maintain at current levels,” Andy Cheung, head of operations at Malta-based OKEx, an exchange popular among Chinese users, told Reuters.
Cheung’s not alone in his thinking. “It’s likely that momentum, perhaps partly driven by FOMO, will now pick-up pace again in the cryptocurrency sector,” Nigel Green, CEO of financial advisory deVere Group, told Decrypt.
Chinese websites have pointed out that blockchain is not the same as interest in bitcoin, of course. But the country’s newfound enthusiasm for blockchain seems just as extreme as its previous erstwhile ban on crypto, with @cnledger even claiming that “Articles saying blockchain technology is a scam are now BANNED.”
3/ Articles saying blockchain technology is a scam are now BANNED.
Who still remember the days when posts promoting blockchain getting deleted real fast? pic.twitter.com/W5iRJ3PDYS
— cnLedger (@cnLedger) October 28, 2019
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Bitcoin went on one of its most impressive runs ever last week, surging over 42% in just a day. Not only did this make last week the best one Bitcoin has had since May, it also brought positive sentiment back to the market, which had previously been fairly bearish.
However, Bitcoin has since retraced and is currently trading at around $9,200. Interestingly enough, BTC flash crashed to slightly above $9,000 earlier today, but it managed to recover fairly quickly. At the time of this writing, Bitcoin is down about 2% on the day.
BTC/USD. Source: TradingView We also saw a very slight decrease in Bitcoin’s dominance rate, suggesting that altcoins have managed to capitalize somewhat on the flash crash. Indeed, all of the top 10 cryptocurrencies by market cap are trading in the green against BTC, having marked slight increases. ETH is up about 2%, the same as XRP. Bitcoin Cash is up about 3.6%, and all others have seen minor gains in the range of 0.5% – 1.5%.
Major Cryptocurrency Headlines Bitcoin Cash Spikes 10% as Jihan Wu Resumes Control of Bitmain. Jihan Wu, who stepped away from Bitmain’s operations at the beginning of this year, has since resumed control over the company, ousting the CEO, Ketuan Zhan. In an email to staff, Wu directed employees to not take any orders from Zhan or participate in meetings organized by him. Bitcoin Cash’s price rose by 10% on the news. Wu has previously expressed his support for the cryptocurrency, as Bitmain spent around 70% of its 2017 operating cash flow to buy BCH.
China’s CCIEE Chair: We Will Be the First to Launch Central Bank Digital Currency. The vice-chairman of China’s Center for International Economic Exchanges (CCIEE), Huang Qifan, maintained that the country will be the first to launch a blockchain-based central bank digital currency. He also said that he doesn’t believe in Facebook and its potential cryptocurrency, Libra. However, he feels that digital currencies of the kind are needed because conventional payment methods are outdated.
NEO and Other Made-in-China Cryptocurrencies See Huge Price Gains. The news from China sparked a rally throughout the cryptocurrency market. However, China-based projects saw particularly impressive gains. Bytom, NEO, Ontology, Qtum, and GXChain were among the more notable gainers.
You may also like: Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs The Biggest Winners and Losers NoahCoin (+1177%) NoahCoin rallied hard, surging upwards of 1,100% in less than a day. The project recently announced that users could swap their tokens for native ones. Given that this update was made around a month ago, however, there is no apparent reason for the recent surge. In any case, NoahCoin is currently trading at around $0.004, which is a staggering increase compared to its price a day ago when it was only $0.00028.
IOST (+31%) IOST is another project which saw significant gains over the past 24 hours despite the seemingly stalling cryptocurrency market. Having increased by upwards of 30%, IOST is currently trading at around $0.0075. Interestingly enough, it surged even more against Bitcoin, gaining more than 35%. The project’s total market cap is now over $90 million.
Bytom (-10%) Bytom was one of the biggest gainers during last week’s rally, as mentioned above. The coin surged about 80% following the news out of China, but it has since cooled off and is actually down over the past 24 hours. BTM marked a decrease of around 10% and its price is currently around $0.11, though its total market cap remains well above $113 million. The cryptocurrency is also down around 7.5% against BTC.
Recent developments in the People’s Republic have not just excited Bitcoin holders. A bullish wave of momentum has flooded back into the blockchain and crypto scene as venture capitalists return to take a second look at what’s hot in the fledgling industry.
Chinese Crypto Projects Get a Boost The 2018 bear market was pretty brutal and as much as 90% of China’s venture capital fled the scene. This year has seen a solid recovery in the industry as total crypto market capitalization has gained almost 100% since the beginning of the year.
Recent bullish comments from president Xi Jinping had added to the momentum when he said that China needs to embrace the technology in order to innovate. Bitcoin surged 40% over night and related technology firms saw large increases in stock prices. Additionally Chinese cryptos such as NEO, VeChain, Tron and Bytom surged on the developments.
According to Chinese financial data tracker 01Caijing, Chinese blockchain and crypto startups raised $368 million via 71 funding deals, during the first six months of 2019. Reports indicate that funding is flowing back into the sector and this could be good news for home grown crypto projects.
NEO backed Neo Global Capital announced that they would be raising a second fund of about $50 million. The first fund, founded in late 2017, had returns of 7-8 times according to Neo Global Capital partner Tony Gu.
According to CB Insights mining hardware giant Bitmain is China’s most well-funded crypto company with Hyperchain coming in second. The firm develops a host of enterprise blockchain products and distributed ledger technologies. Last month it was reported that Hyperchain has plans to bring blockchain to China’s national power grid.
Other notable VC investments include the $500 million Fundamental Labs fund which backed industry giants such as Coinbase, Canaan Creative and Binance. Earlier this year the fund invested $44 million into Bitcoin mining that could increase the bitcoin network’s total hash rate. VC firm Parallel Ventures also invested around $15 million in Bitcoin mining hardware this year.
Managing partner of Fundamental Labs, Howard Yuan, estimated that there were thousands of VC funds following the 2018 crypto market peak but just a handful left today. The scene has matured somewhat though and the funds that do remain have evolved to find more sustainable investments.
Xin Jiang, investment manager at one of China’s largest firms, Fenbushi Capital, told Coindesk;
“Before the market crash, investors didn’t evaluate projects carefully because token prices kept going up. Now investors need to truly find value through more vigorous research and due diligence.”
The passing of new cryptography regulations will also add to the bullish sentiment in China as the country strives to remain ahead of its competitors. Its home grown blockchain projects are likely to reap the rewards from this new wave of investment and positive sentiment from the government.
A further $6 billion has been added to total crypto market capitalization over the past 24 hours and it is altcoins that are leading the gains. A big dose of Chinese FOMO boosted home grown projects there and Stellar’s coin burn is igniting them this morning, but are they destined to dump again?
Crypto Cap and Volume Rising Total market cap reached $253 billion a few hours ago which is the highest it has been for a week. The bigger picture shows more range bound trading but altcoins appear to be driving momentum at the moment.
Total market cap 24 hours – Coinmarketcap.com The chart also indicates that daily volume has climbed almost 30% since the beginning of the week as everything looks green at the moment. Trader ‘Paddy Stash’ has noted the increase in altcoin dominance over the past week as BTC failed to top 70% and has started to decline in terms of market share.
“Altcoin dominance has continued to climb back upwards since the big $Btc spike from $7.4 to over $10k last week.”
While the ‘China effect’ heavily influenced the prices of NEO, Tron, Qtum, VeChain, Bytom and other local blockchain platforms last week, others are getting a lift today.
ParallelCoin Pump and Dump Something called ParallelCoin is looking very spurious at the moment as CMC is reporting a 7,000% surge for DUO tokens. ‘Crypto Bitlord’ has called it a dangerous pump and dump scheme which should be avoided.
Another altcoin having a serious pump at the moment is Stellar as the Foundation just burnt 55 billion uncirculated XLM tokens. The crypto community is skeptical however and the 25% price pump has already started to fall off.
Stellar is currently priced at just over $0.08 and has knocked Tron back out of the top ten with a market cap of $1.6 billion. Ripple’s XRP got a related pump at the same time of just over 4% which takes the token back over $0.30 where it faces heavy resistance. This week’s Swell event could help XRP to break through that though.
Ethereum has made a small 2.5% move to hold above $185 at the moment while BCH remains flat at $290. Litecoin has made a solid 6% to break above $60 while EOS adds a similar amount to reach $3.45.
BSV and Cardano have gained over 5% a piece in the past few hours and Cosmos has cranked 12% as it reaches $3.80. The two Chinese altcoins VeChain and Qtum are also going strong today with 7% gained.
Bitcoin has made minor gains to reach resistance at $9,400 again but until it surges back into five figures the altcoins are unlikely to climb any higher. It is still likely that a dump will follow whatever gains altcoins have made today as altseason is still a long way away.
Since the turn of the new year, the crypto space has witnessed numerous innovations, with many protocols showcasing their unique use cases. As such, so many platforms have caught the eye, including Verasity, a blockchain-based video infrastructure platform. 2025 has been exciting for the protocol given its progress in the blockchain industry.
From strategic partnerships to groundbreaking launches and tokenomic adjustments, the “1st patented adtech protocol” has positioned itself as a key player in the advertising and gaming sectors.
With this in mind, we want to explore Verasity’s biggest updates in 2025, based on its X posts and related announcements from January until publication (the first six months). With a focus on transparency, adoption, and innovation, these developments highlight the platform’s commitment to transforming digital ecosystems.
Verasity’s 2025 Roadmap Sets the StageVerasity’s first noteworthy move was in February when it released its highly anticipated 2025 Roadmap, outlining its strategic plans for the year. The roadmap emphasized advancements in https://veraviews.com/, VeraWallet, and the dual-token ecosystem, with a notable shift to the TRON mainnet in the second quarter. This move aims to enhance scalability and flexibility, aligning with market trends.
The roadmap serves as a foundation for Verasity’s subsequent achievements, offering stakeholders a glimpse into its long-term vision. While not a direct update, it contextualizes the company’s focus on expanding its video infrastructure and fostering community engagement throughout the year.
Partnership with DeGuard VPN Enhances Web3 Video InfrastructureOn April 8, 2025, Verasity partnered with DeGuard VPN, the largest Web3-native VPN service provider. This collaboration integrates Verasity’s VeraPlayer into DeGuard’s platform to deliver video infrastructure, enhancing how the VPN communicates its privacy-first solutions. The partnership explores synergies such as free user access passes, broadening Verasity’s reach into the privacy-focused Web3 space.
Generally, the collaboration underscores Verasity’s versatility, extending its technology beyond traditional advertising into secure digital communication. The community’s positive response suggests growing trust in Verasity’s ability to serve diverse sectors, marking a significant step in its 2025 expansion.
Major Token Burn Reduces Circulating SupplyOne of the year’s most impactful updates came on April 22, 2025, when BSCNews reported that Verasity burned 174 million $VRA tokens, the largest burn to date. Valued at approximately $230,000, this action reduced the circulating supply to 9,624,357,318 $VRA, a move aimed at increasing token scarcity and potential value.
The token burn, detailed in Verasity’s Q1 2025 Recap on April 21, 2025, was part of a broader strategy that included new exchange listings on BTSE, LCX, OKX Singapore, ChangeHero, Exolix, and Guarda, as well as an extended staking program. However, the update sparked mixed reactions, with some users questioning its immediate impact on $VRA’s price, highlighting ongoing debates around Verasity’s tokenomics.
Collaboration with Turbo Boosts Memecoin IntegrationSimilar to its partnership with DeGuardVPN, Verasity collaborated with Turbo, a top-150 memecoin project known for its community-driven creativity. The partnership integrates VeraPlayer into TurboToadToken’s platform, enhancing its video content capabilities.
Verasity aims to use the partnership to tap into niche markets, leveraging the popularity of memecoins to expand its user base. Further, the high engagement following the announcement on X suggests strong community support, positioning the development as a key milestone in Verasity’s 2025 growth.
A landmark achievement occurred in the first week of June, when Verasity launched the UAE’s first home-grown Ad Exchange and Supply-Side Platform (SSP) under its VeraViews brand. Supported by the Ministry of Economy’s NextGenFDI initiative, the platform connects advertisers directly with verified UAE publishers, prioritizing security and fraud-free programmatic advertising. Khaleej Times, the UAE’s largest publisher, became the first to onboard, using VeraPlayer to serve premium, verified inventory.
“Khaleej Times onboarding as the first premium publisher partner signals — both to the market and to Centennial 2071 ambitions — that the UAE intends to lead, not follow, in creating a trust-first advertising ecosystem,” Olena Buyan, Chief Product Officer at VeraViews, emphasized the platform’s role in setting a global standard for transparent media technology.
This launch addresses national transparency, trust, and anti-money laundering (AML) compliance priorities. The move has been hailed as a turning point for UAE advertisers and publishers, reducing reliance on international platforms with high fraud rates.
Partnership with WORLD3 Expands into AI Autonomous WorldsMost recently, Verasity partnered with WORLD3, a next-generation AI and blockchain platform focused on AI Autonomous Worlds. The collaboration integrates VeraPlayer infrastructure to power WORLD3’s video assets, including tutorials and real-time AI demonstrations.
The unique partnership aligns with Verasity’s goal of combating ad fraud through its Proof of View (PoV) technology, which will later enable WORLD3 publishers to monetize content with confidence. This development positions Verasity at the forefront of immersive, blockchain-powered video distribution.
Looking Ahead: What’s Next for Verasity?Verasity’s 2025 milestones demonstrate its commitment to growth and innovation. The UAE Ad Exchange launch and AI partnerships signal a strong trajectory, while the token burn addresses supply concerns. With ongoing integrations and a focus on fraud-free advertising, Verasity is well-positioned to influence the future of digital ecosystems.
Industry observers will watch how Verasity capitalizes on these developments, particularly as it navigates the TRON mainnet transition. The company’s next steps, potentially detailed in a Q2 recap, will provide further clarity on its 2025 goals.
Verasity announced a partnership with Funton, a rising Tap-to-Earn (T2E) gaming platform boasting over 500,000 monthly active users. The collaboration will see Funton adopt Verasity’s VeraPlayer infrastructure, giving its users access to seamless in-game video content, gameplay demos, and promotional media—all delivered with Verasity’s proprietary anti-fraud layer.
This partnership is part of a broader push by Verasity to embed its Proof of View (PoV) and Proof of Traffic (PoT) systems across high-growth digital verticals. With the T2E gaming market gaining steam, Verasity’s tech offers a secure and transparent way to monetize video at scale.
Image: VerasityFunton Taps VeraPlayer for Game Video DeliveryFunton’s decision to implement VeraPlayer marks an evolution for its ecosystem, which is primarily hosted on Telegram and Line. These platforms thrive on fast, frictionless content—short game clips, demo previews, and real-time updates. By adopting VeraPlayer, Funton can now deliver these media assets using a system built for scale, speed, and verification.
More importantly, the integration lays the groundwork for monetization. While PoV-powered fraud detection and revenue tools will be enabled at a later stage, the foundation is already in place. That means every view, click, and watch time metric can eventually be trusted, audited, and monetized, giving both Funton and its players an edge in a saturated space.
A Strong H2, 2025 for VerasityThis partnership comes on the back of an eventful second half of 2025 for Verasity. One of its most notable achievements was the global expansion of its VeraViews ad platform through the launch of a UAE-based Ad Exchange. Developed under the UAE Ministry of Economy’s NextGen FDI initiative, Verasity became the first to deploy a domestic Supply-Side Platform (SSP) and ad exchange in the region.
At its core, the exchange runs on Verasity’s PoV and PoT technology. These tools are integrated into both VeraPlayer and AdTrace, allowing advertisers to verify real traffic, eliminate fraud, and improve the return on ad spend.
The rollout marked a cultural shift in Gulf-region advertising. Khaleej Times, the largest media outlet in the UAE, became the first to adopt VeraViews, delivering premium campaigns directly to verified users.
Product Updates That Strengthen the StackVerasity’s technology stack also received major upgrades in Q2. VeraPlayer, the centerpiece of its video infrastructure, introduced two powerful features that enhance user tracking and ad performance analysis.
Extended Ad Metrics: This update gives advertisers more than just view counts. It delivers in-depth insights into ad placement performance, engagement levels, and viewability metrics. For a publisher, this means more control over where and how ads are placed.
Playback Metrics for VCMS: Verasity’s proprietary Video Content Management System (VCMS) now includes detailed playback reports. This provides content owners with transparency—how often videos are watched, how long viewers stay engaged, and what content performs best.
These features are designed to give digital publishers the tools they need to thrive in a competitive media landscape.
AI Meets MonetizationAnother notable development is Verasity’s Text-to-Video MVP, which reached the client testing phase this quarter. This AI-powered tool converts written content into engaging, ad-ready videos using avatars, voice synthesis, and auto-scripted narration.
By turning articles, guides, and social posts into monetizable video, the tool allows any publisher—regardless of size—to tap into video ad revenue. In a content economy where attention spans are short, this tool helps non-video creators get a seat at the table.
The product’s core value lies in its automation. No editing, no production crew, no voiceover talent. Just content transformed into video that is ready to be monetized from the first view.
Growing the Partner EcosystemPartnerships remain a central pillar in Verasity’s strategy. In Q2, the firm added eight new partners to its VeraPlayer and Proof of View ecosystem, including:
Turbo: A memecoin project making waves in the crypto community.Paal AI: An enterprise-grade AI solution backed by IBM.WebX: Asia’s largest Web3 conference.MAIV, Astrena AI, GPTVerse, SoonChain, WORLD3: Each of these integrations brings a unique use case and audience to Verasity’s expanding network.
Verasity, a blockchain-based video infrastructure and ad-tech company, entered a strategic partnership with CryptoAutos, a luxury automotive platform that enables crypto-based purchases and investments.
Both companies are “in the lab,” as Verasity phrased it, exploring how to merge their technologies. Their goal is to enhance video content experiences through blockchain, particularly using Verasity’s Proof of View (PoV) infrastructure and CryptoAutos’ growing car-based asset platform. The partnership could also bring VRA-enabled ride purchases and rentals and more. In a statement, Veracity said it would provide more details.
The move coincides with Verasity’s ongoing expansion into real-world asset (RWA) use cases and CryptoAutos’ mission to turn digital tokens into tangible value.
CryptoAutos Brings $20M Fleet to the TableLast February, CryptoAutos made headlines by acquiring a $20 million fleet of high-end vehicles in Dubai. The collection includes models from Lamborghini, Ferrari, Rolls-Royce, Tesla, Porsche, and Bentley. This fleet forms the physical backbone of the company’s tokenization strategy.
🚨 We're proud to announce our acquisition of a $20M luxury fleet in Dubai
We've acquired a $20M fleet of the world's most exclusive vehicles in Dubai. From Lamborghini and Ferrari to Porsche and McLaren – we're bringing real luxury onchain.
Through our platform you can:
●… pic.twitter.com/FWSFQrQ6Km
— CryptoAutos (@CryptoAutos_) February 18, 2025 CryptoAutos allows users to purchase fractional ownership in these vehicles using cryptocurrency. Participants can potentially earn passive income from rental revenues or resale value, all facilitated via smart contracts. The company expects this fleet to generate $15 million annually through rentals alone.
Founder Waqas Nizam said the acquisition aligns with CryptoAutos’ mission to transform digital assets into real-world utility.
“This $20M fleet acquisition is another step towards enabling individuals to leverage their digital assets in meaningful, practical ways,” Nizam said.
The company has secured over $67 million in funding to date, giving it the resources to scale quickly.
Verasity’s Tech Brings Visibility and MonetizationVerasity enters this partnership with a powerful advantage—its proprietary VeraPlayer, designed to stream content with built-in fraud protection and traffic validation. The platform uses PoV technology to verify genuine user engagement, a valuable feature in sectors flooded with fake views and bot traffic.
With VeraPlayer, CryptoAutos can deliver verified, secure content—video previews, car walkarounds, and immersive showroom experiences—directly to potential customers and investors.
Every video view becomes a monetizable metric. Verasity’s ad-tech layer enables ad tracking, click attribution, and fraud-free impressions, creating a new revenue stream on top of CryptoAutos’ core business model.
Verasity’s Strong 2025 Sets the StageThis partnership follows a highly productive H2 2025 for Verasity. Last June, Verasity’s VeraViews has launched the UAE’s first locally developed Ad Exchange and Supply-Side Platform (SSP), marking a major milestone for the region’s digital advertising space. The launch is part of the Ministry of Economy’s NextGenFDI program, which supports local tech innovation and draws in foreign digital investment.
Publishers like Khaleej Times have already adopted the technology, trusting Veraview’s traffic verification to deliver high-quality ad campaigns.
At the same time, VeraPlayer received important updates that increased its capabilities. Advertisers now benefit from extended ad metrics, including viewability data and engagement rates. Content creators get detailed playback metrics, helping them understand audience behavior and optimize content accordingly.
From T2E Gaming to Tokenized LamborghinisJust days before this announcement, Verasity unveiled a partnership with Funton, a Tap-to-Earn gaming platform with over 500,000 monthly users. Funton now uses VeraPlayer to stream in-game content with fraud prevention built in. The move gave Verasity access to a high-growth gaming audience, laying the groundwork for monetizing short-form video at scale.
Now, with CryptoAutos, Verasity is entering a different but equally promising market—luxury asset ownership.
PANews reported on July 27 that according to Binance’s announcement, Verasity (VRA) is now available on Binance Alpha. Users with at least 200 Binance Alpha points can claim an airdrop of 32,238 VRA tokens on a first-come, first-served basis. If the rewards are not fully distributed, the points threshold will automatically decrease by 15 points per hour. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed as giving up the claim.
Binance, the prominent crypto exchange has announced the official listing of Verasity ($VRA) on Binance Alpha Platform. By launching Verasity ($VRA) on Binance Alpha Platform, Binance intends to offer a new airdrop and start an exclusive trading competition. As Binance revealed in its social media announcement, Verasity $VRA listing unlocks thrilling rewards for users and begin a remarkable trading experience.Apart from that, the development also delivers several opportunities, letting users earn $VRA tokens in several opportunities parallel to a high-value trading contest.
Verasity (VRA) is now live on Binance Alpha!
🌟 Users with at least 200 Binance Alpha Points can claim an airdrop of 32,238 VRA tokens on a first-come, first-served basis. If the rewards are not fully distributed, the score threshold will automatically decrease by 15 points… pic.twitter.com/0Z1aXH7IHc
— Binance (@binance) July 27, 2025 $VRA Launches on Binance Alpha, Offers Notable $VRA Earning Opportunities Veracity’s ($VRA) listing on Binance’s Binance Alpha platform is a crucial move to boost user experience. With this listing, the platform intends to provide substantial rewards to the eligible consumers with an exclusive airdrop. In addition to this, parallel to this, it is also conducting a notable trading competition. Hence, the consumers can expect several opportunities to get rewards in $VRA tokens.
Reportedly, the users holding a minimum 200 Binance Alpha Points will be eligible to participate in the airdrop that comprises 32,238 $VRA tokens. The reward distribution will entertain the early comers. Additionally, to ensure accessibility and fairness in reward distribution, the crypto exchange has unveiled a dynamic threshold mechanism. Thus, if some of the rewards remain unclaimed and the time runs out, the point requirement will automatically dip by 15 points per hour.
Bolstering Binance’s Endeavors to Bolster Expansion Nevertheless, according to Binance, every effective claim will cost 15 Binance Alpha Points. Along with that, the users will have to validate their claim on the Alpha Events page before the 24-hour window ends. On the other hand, failing to comply with the respective requirement will lead to airdrop forfeiture. Keeping this in view, the $VRA listing underscores another landmark development to expedite Binance’s adoption venture.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Cwallet, a prominent cryptocurrency wallet, has unveiled a groundbreaking partnership with Verasity ($VRA), a blockchain and AI-powered advertising infrastructure. This alliance aims to re-modify the way digital advertisements, payments, and user engagement are accessible and secure on a global scale. Both platforms are built on Web3 technology and aimed at elevating the Web3 utility.
🌍 Cwallet Announces Strategic Integration with Verasity ($VRA)
Cwallet is pleased to unveil a strategic alliance with @verasitytech ($VRA)—a pioneering blockchain-powered platform advancing the future of digital advertising, payments, and user engagement on a global scale.
As… pic.twitter.com/RrjZhvLCP7
— Cwallet (@CwalletOfficial) July 28, 2025 This landmark partnership will provide users with a unique and efficient way to access and trade. Simultaneously, Verasity ($VRA) is already interested in online transparency of content and ads monetization, which is the ultimate goal of Cwallet to make decentralized finance (DeFi) more user-centric. Cwallet has released this news through its official X account.
Cwallet and Verasity to Unlock the Future of Advertising and Wallet Technology Both FinTech platforms are intentionally doing all these things, providing ease and facilitating their users. Apart from this, both platforms are giving special reliefs for their users in terms of zero fees, no approval delay, and secure storage with the help of the integrated wallet of Cwallet. Concurrently, Verasity swaps across 60+ chains to make one of the best platforms for monetization and advertisement.
Another one of the best features of Verasity is its Proof of View (PoV) technology, which helps in tapping into and combating ad fraud. On the other hand, this feature boosts its user engagement all over the world and makes it a trustworthy platform for users. So, this will provide an open gate for users to experience the full power of Verasity through Cwallet.
Experience the Future of Seamless Digital Transactions The collaboration of Cwallet with Verasity is more than just listing of ($VRA), as said by Cwallet. Ultimately, this will reflect the dedication of both platforms to their users’ Web3 innovation while making connections on a global scale. Both platforms will work on security, privacy, and seamless services.
This is a golden opportunity for users all over the world to get them updated. With the advanced features of both platforms, users will enjoy frictionless and error-free transactions worldwide. Consequently, this will save the time of users and invite others to take advantage of this opportunity.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Verasity went cross-chain to BNB Chain as Binance launched a 32,238 VRA airdrop on its Alpha platform and a 960M VRA trading challenge.
This expansion aligns with recent BNB Chain upgrades, including the Maxwell hard fork in June, which reduced block time to 0.8 seconds and cut finality to under two seconds, improving speed and reliability. Building on this momentum, BNB Chain has also integrated real-world assets through Ondo Finance, tokenizing over 100 U.S. stocks and funds as compliant BEP-20 assets, while launching a bonding-curve token model and the BNB Reserve Company to support regulated U.S. exposure.
At the heart of these efforts is Binance Alpha, a discovery platform within Binance Wallet where users access early-stage crypto projects selected for their community traction and market alignment, often pre-listing candidates for Binance itself.
Worth noting, Binance Wallet, driven by Alpha activity, reached over $5 billion in daily trading volume on May 19, 2025—capturing 95.3% market share among top self-custodial wallets tracked by Dune Analytics.
Verasity’s inclusion in this initiative helps drive usage of its verification tools while promoting activity on Alpha. To qualify for the VRA airdrop, users needed at least 200 Alpha Points, a requirement designed to reward active participants. Altogether, this initiative reflects Binance’s broader strategy to boost early-stage project visibility while incentivizing its user base through targeted rewards.
VRA Trading Competition DetailsAlongside the airdrop, Binance announced to host a VRA trading competition from July 27, 2025 (08:00 UTC) to August 10, 2025 (08:00 UTC). The competition offers a total reward pool of 960,000,000 VRA tokens, shared equally among top traders.
How to ParticipateEligibility: Users must have a Binance Wallet (Keyless) and be able to trade Binance Alpha tokens.Trading Platforms: Only trades on Binance Wallet (Keyless) or Binance Alpha are valid.Participation Steps:Update the Binance App to the latest versionCreate and back up your Binance Wallet (Keyless)Trade VRA during the competition periodRanking CriteriaParticipants will be ranked based on total purchase volume of VRA during the competition. The top 15,000 users will each receive 64,000 VRA tokens.
Trading RulesOnly purchases of VRA count; selling is excludedNo cap on purchase volumeThird-party dApp and bridge transactions are not eligibleWinners will receive rewards in their Binance Alpha accounts by August 24, 2025 (16:00 UTC).
Verasity is known for developing blockchain-based tools to combat ad fraud and enable projects to generate revenue from their video libraries. Its ecosystem includes video monetization, and ad fraud detection through an arsenal of patented blockchain, AI, and ML technologies
By including VRA in Binance Alpha, Binance aims to support utility-focused projects that provide real-world functionality. The airdrop and trading contest are part of broader efforts to test user engagement and evaluate token traction in a controlled setting.
Verasity in BriefTicker: VRAUse Case: Content verification, ad fraud detectionTech Focus: Blockchain-based trust layer for digital mediaPlatform Goals: Combat misinformation, provide traceability for media, and reward content creatorsWith the recent listing, VRA becomes part of Binance’s growing list of experimental tokens introduced through Binance Alpha.
In June, Verasity’s VeraViews launched the UAE’s first locally built Ad Exchange and Supply-Side Platform (SSP) under the Ministry of Economy’s NextGenFDI initiative, which supports domestic tech growth and attracts global digital investment. The launch is anchored by a key partnership with Khaleej Times, the UAE’s oldest English-language news outlet with over 8 million monthly readers.
ConclusionBinance’s VRA campaign combines a limited airdrop with a competitive trading challenge to boost user engagement and bring attention to Verasity’s verification tools. Users who meet the requirements can earn VRA by claiming early or trading actively between July 27 and August 10, 2025.
The initiative highlights Binance’s ongoing interest in supporting blockchain projects with practical use cases. With structured incentives, clear participation rules, and a sizable reward pool, this campaign provides a measurable way for users to engage with Verasity in the Binance ecosystem.
Verasity’s Proof of View (PoV) is a patented fraud detection system that verifies whether a video view is real or fake. It does this by using a combination of blockchain technology, machine learning, and artificial intelligence. Once verified, each view is recorded on a public blockchain so that advertisers, content creators, and buyers can trust the view counts.
This technology is part of Verasity’s wider ecosystem and is embedded directly into VeraPlayer, the company’s proprietary video player. Proof of View is built to stop bots, fake traffic, and ad fraud—an issue that affects over 65% of video ad views, according to industry estimates.
Why Verasity Built Proof of ViewThe online advertising industry has long struggled with inflated view counts. Platforms like Google and Facebook rely on views to determine how much advertisers should pay. But most views go unverified, making them easy to fake or manipulate. This undermines the trust advertisers place in platforms and distorts the value of content creators.
Verasity saw this problem and responded with a system that ensures:
Verified views based on strict criteriaTransparent and auditable records on-chainAutomated fraud detection before views are countedThe goal is to make every view count by making every view verifiable.
How Proof of View WorksAt the heart of Proof of View is a verification module that operates alongside Verasity’s video tools. The system uses a multi-step process to validate views:
Key ComponentsVerification Module: Runs computer-executable code stored in non-volatile memory.Processor: Receives requests, records data, and communicates with the blockchain.Verification StepsA viewer requests to watch content.The system captures metadata: device info, session behavior, viewing duration, and other data points.The data is hashed into a “database chunk.”That chunk is added to a public blockchain block.The hashed data is compared with the blockchain for consistency.Only after completing these steps does the system log the view as valid.
Auditable and Tamper-ProofTo make the system auditable and efficient, Verasity uses a Merkle Hash Tree. Each individual view is hashed, then combined with others to create a top hash. This method ensures the data can’t be changed without detection.
Use Cases of Proof of View
Proof of View is not limited to ad views. Verasity has extended the technology to cover:
NFT authenticity checks: Buyers can verify view counts of video-based NFTs.Channel valuation: When a content creator wants to sell a stake in their channel, Proof of View verifies how many real views their content has received.Content Marketplaces: Views influence pricing. Proof of View ensures prices reflect actual engagement.Patent and Legal BackingVerasity’s Proof of View has been granted patents in:
United StatesChinaEuropean UnionSouth KoreaThe company first secured its U.S. and China patents in 2021 and continues to expand its IP portfolio. This gives Verasity legal protection and reinforces its claim as the originator of this system.
Key Technical ConceptsBlockchain UseBy appending hashed view data to the blockchain, Verasity ensures:
Public visibilityTamper resistancePermanent record-keepingMachine Learning & User BehaviorThe system monitors:
Viewing durationPause/play activityMouse movementsSession lengthThese patterns help detect bot-like behavior.
While the system offers high accuracy (99.9% in internal tests), it relies on data points that may evolve with user behavior and tech changes. However, the flexible architecture of Proof of View means it can adapt and integrate with evolving platforms and standards.
ConclusionVerasity’s Proof of View is a comprehensive solution designed to solve a real and persistent problem: view fraud. By using blockchain, hashing, and behavioral data, it ensures advertisers and publishers know which views are real. The technology forms a core part of Verasity’s VeraPlayer and VeraViews products and is backed by patents in several regions.
Resources:
Verasity Proof of View Document: https://verasity.io/static/documents/verasity_pov.pdfProof of view patent documents: US https://verasity.io/static/documents/verasity_pov.pdfEU https://register.epo.org/application?number=EP21713762China https://verasity.io/pov/china/The%20Notification%20of%20Passing%20Prelimi.pdfSouth Korea https://verasity.io/static/documents/Proof_of_View_KR.pdfVerasity Medium: https://medium.com/verasity
Verasity has launched a new off-ramp feature inside VeraWallet that allows users to convert their VRA tokens directly into fiat currency. This addition is now live and powered by Paybis, a crypto-fiat gateway provider.
Until now, users could only buy (on-ramp) VRA via card or bank transfer inside the wallet, but this update completes the two-way flow—letting users withdraw their funds back to their bank accounts or cards.
Introducing the New VeraWallet Off‑Ramp 🔄
Today, we’re excited to roll out the highly anticipated Off‑Ramp feature in VeraWallet, powered by our trusted partners at @paybis.
Just like our On‑Ramp has let you buy $VRA in minutes, the newly added Off‑Ramp enables you to convert… pic.twitter.com/ELUBUHmswF
— Verasity (2025 ⏩) (@verasitytech) July 30, 2025 The new feature is currently limited to the ERC-777 VRA token standard, also referred to as VRA-ETH. BEP-20 VRA tokens (VRA-BSC) are not yet supported.
How the VeraWallet Off-Ramp WorksThe off-ramp enables simple conversion of VRA tokens to fiat currencies such as USD, EUR, or GBP, all within the wallet interface. Verasity has provided step-by-step instructions to use the service:
Tap Withdraw and select "Withdraw with Paybis"Complete a quick KYC verificationSelect the amount of VRA and the target fiat currencyChoose a bank account or credit/debit cardConfirm the transactionThe fiat amount is then transferred to the user’s selected destination—typically within minutes, depending on payment method and verification status.
VeraWallet: A Brief OverviewVeraWallet is Verasity’s native wallet platform supporting staking, deposits, token purchases, and now fiat withdrawals. As of August 2025, the wallet reportedly has over 350,000 users.
According to the website, key features include:
15% annual staking rewards for VRA holdersERC-777 VRA supportSimple account setup in under 5 minutesBuy, deposit, or swap VRA via card or bankThe wallet is designed to function as a central hub for VRA utility, catering to both long-term holders and active participants.
Technical and Security AspectsThe VeraWallet off-ramp integrates with Paybis for secure transaction handling. All transactions are subject to KYC checks, complying with global anti-money laundering standards.
Security features include:
Cold storage for wallet reservesUser-controlled access (only the user can access their wallet)Cyber attack insurance for added protectionThese elements aim to build user trust in a sector often criticized for limited fiat exit options and security vulnerabilities.
What the Off-Ramp Means for UsersThe new VeraWallet off-ramp gives users a full-cycle financial tool: they can now buy, stake, hold, and withdraw VRA—all in one platform. While centralized exchanges offer similar features, wallet-based options offer self-custody and more direct access to DeFi or staking tools.
The ability to convert tokens to fiat without leaving the wallet:
Simplifies the user experienceReduces transaction steps and gas feesMinimizes reliance on centralized exchanges for cashing outHowever, cross-chain users with BEP-20 VRA will need to wait for future updates or convert their tokens back to ERC-777 before using this feature.
Broader Ecosystem ContextThe off-ramp launch comes just days after Verasity expanded to BNB Chain, signaling its broader cross-chain ambitions. Binance has taken an active role in promoting Verasity, with two notable events:
Binance Alpha VRA AirdropAmount: 32,238 VRAEligibility: 200+ Alpha PointsPurpose: Reward early engagement and drive traffic to Verasity’s verification toolsBinance VRA Trading CompetitionDates: July 27 – August 10, 2025 (08:00 UTC)Reward Pool: 960,000,000 VRATop 15,000 users receive 64,000 VRA eachOnly purchases count; sales are excludedNo cap on purchase volumeResults by August 24, 2025 via Binance Alpha accountsThese events further incentivize on-chain VRA activity and visibility among Binance users.
FAQsWhat is the new off-ramp feature in VeraWallet?The off-ramp allows VeraWallet users to convert ERC-777 VRA tokens into fiat currencies and withdraw funds directly to their bank accounts or cards, powered by Paybis.
Can I withdraw BEP-20 VRA tokens through VeraWallet?No. As of now, the off-ramp only supports ERC-777 VRA (VRA-ETH). BEP-20 VRA (VRA-BSC) tokens are not supported for fiat conversion within VeraWallet.
Is KYC required to use the VeraWallet off-ramp?Yes. Users must complete a KYC verification process through Paybis before converting VRA to fiat and withdrawing funds.
ConclusionVerasity’s launch of the VeraWallet off-ramp marks a functional improvement for its 350,000+ wallet users. With the ability to convert VRA directly into fiat, users no longer have to rely on external exchanges for exits. While the feature currently supports only the ERC-777 token standard, it complements Verasity’s recent cross-chain activities and positions the wallet as a more complete ecosystem tool.
Verasity now offers its community:
A built-in fiat off-rampSeamless staking and token purchase optionsGrowing cross-chain utility with BNB Chain integrationWith VRA's technical rollout continuing, wallet-based tools such as this off-ramp may become essential for VRA users who want more control and fewer steps to manage their crypto assets.
VeraWallet by Verasity is a custodial cryptocurrency wallet designed for storing, staking, buying, and withdrawing the Verasity token (VRA). Trusted by more than 350,000 users, the wallet acts as a central hub for the Verasity ecosystem, providing tools to manage VRA securely while offering staking rewards, fiat conversion, and direct purchase options.
Unlike general-purpose wallets, VeraWallet is built specifically for VRA, making it the main access point for token holders who want to use Verasity’s staking and reward systems.
Key Features of VeraWalletVeraWallet serves as a multifunctional financial center for VRA holders. Its features include:
Secure VRA storage in a custodial environmentStaking tools with 15% annual returns, paid dailyDirect buying and selling via card or bank transferReward management for earnings from the Verasity platformFiat off-ramp for converting VRA to cash (via Paybis)User-friendly design that simplifies management and accessEach of these features is supported by a layered security system designed to protect users’ assets from hacks, phishing attempts, and platform-level exploits.
How VRA Storage Works in VeraWalletVeraWallet is the primary wallet for storing Verasity’s VRA token. Assets are not pooled with exchange funds, which reduces systemic risks.
When tokens are deposited, they are kept in cold storage, meaning they are held offline for maximum security. This ensures that 99.9% of user assets are isolated from online threats.
Staking in VeraWalletOne of VeraWallet’s most used features is staking. Users can lock their VRA and earn a 15% annual percentage rate (APR), with rewards distributed daily. Staked VRA remains visible in the wallet, and users can unstake at any time, though withdrawal delays apply for security reasons.
Staking within VeraWallet avoids the need for external DeFi platforms, reducing the risk of interacting with unverified smart contracts.
Buying and Withdrawing VRAVeraWallet supports both on-ramp and off-ramp transactions:
On-ramp: Users can buy VRA using a debit/credit card or bank transfer.Off-ramp: Added in July 2025, users can now convert ERC-777 VRA (VRA-ETH) directly into fiat currencies like USD, EUR, or GBP via Paybis.The off-ramp feature makes VeraWallet a complete financial tool, removing the need to rely on centralized exchanges to cash out tokens. Currently, BEP-20 VRA (VRA-BSC) is not supported for fiat withdrawals, so holders must swap back to ERC-777 first.
Security Features of VeraWalletVeraWallet emphasizes security and attack resistance as its main differentiator. The wallet uses a mix of technical defenses and operational safeguards to protect users.
Continuous Threat MonitoringThe platform monitors transactions and activity patterns to detect anomalies. Accounts showing suspicious behavior are automatically locked and then manually reviewed by developers. This layered process reduces false positives while keeping malicious activity under control.
Cold Storage and Two-Factor AuthenticationCold storage: 99.9% of funds are stored offline, disconnected from the network.Two-factor authentication (2FA): Mandatory for all accounts, requiring users to confirm access with an authentication app.This combination ensures that even if passwords are stolen, attackers cannot easily compromise accounts.
Systems Health MonitoringVeraWallet runs regular automated security audits and health monitoring. Developer teams also review reported vulnerabilities, patching issues before they are exploited.
Blocking of Stolen FundsAn integrated smart contract system blocks VRA tokens flagged as stolen from being moved into VeraWallet’s staking ecosystem. This prevents bad actors from using the platform to legitimize stolen tokens.
Withdrawal DelaysWithdrawals are subject to a time-delay mechanism. While this slightly slows fund transfers, it provides a crucial buffer to detect and prevent unauthorized access or large-scale attacks on wallet systems.
KYC and ComplianceTo comply with international regulations and prevent illicit use, VeraWallet enforces Know Your Customer (KYC) procedures. Users must provide identification to access certain features such as fiat conversions.
This requirement also helps Verasity block accounts linked to sanctioned jurisdictions, known hacking groups, or other high-risk entities.
Mitigating Personal RiskEven with strong wallet-level protections, most losses occur when individuals fail to safeguard their accounts. VeraWallet provides clear guidance on personal security best practices:
Always enable 2FA for VeraWallet, email, and exchange accounts.Be cautious of phishing attempts through emails or messages.Use unique, complex passwords, ideally managed with a password manager.Regularly update your device software and antivirus tools.Verify wallet addresses before sending funds.Avoid public Wi-Fi when accessing accounts.Users should also remember that transactions sent outside VeraWallet are irreversible, and Verasity will never request direct transfers or run giveaways promising returns.
The addition of a fiat off-ramp came shortly after Verasity expanded to the BNB Chain, suggesting a broader strategy for cross-chain growth.
Recent events tied to Binance have highlighted this push:
Binance Alpha VRA Airdrop: 32,238 VRA distributed to early participants.Binance VRA Trading Competition: 960 million VRA in rewards for buyers between July 27 and August 10, 2025.These campaigns increase liquidity and visibility for VRA, further connecting VeraWallet to wider exchange activity.
ConclusionVeraWallet by Verasity is a custodial crypto wallet built specifically for the Verasity (VRA) token. It combines secure storage, staking, fiat conversion, and a straightforward interface, making it the central tool for anyone engaging with VRA.
With features like cold storage, 2FA, withdrawal delays, and active monitoring, VeraWallet emphasizes security and compliance while keeping usability simple. For VRA holders, it functions as a one-stop solution: a place to buy, stake, hold, and withdraw tokens with a direct link to fiat.
Resources:Binance announcement about VRA trading competition: https://www.binance.com/en/support/announcement/detail/c7c9025f8c414a919c578cd9b5c245e8
VeraWallet website: https://verawallet.io/?c=IN
Verasity docs about Verawallet: https://verasity.helpscoutdocs.com/article/101-how-do-i-add-vra-to-my-verawallet
Advertising technology platform, Verasity, has entered a new partnership with Fraction AI, the first decentralized auto-training platform of AI agents. The announcement marks a new milestone in connecting blockchain infrastructure with next-generation artificial intelligence ecosystems.
📢 PARTNERSHIP ANNOUNCEMENT 📢
We're teaming up with @FractionAI_xyz, the first decentralized auto-training platform for AI agents 🤖
With 320K+ users and 32M+ agent sessions, Fraction AI will adopt Verasity's advertising infra to power its video library — supporting onboarding… pic.twitter.com/EShtbPZkQF
— Verasity (2025 ⏩) (@verasitytech) August 22, 2025 The objective of both companies is to establish a strong force of safe adverts, decentralized education, and scalable monetization.
Fraction AI Adopts Verasity’s Advertising Infrastructure With more than 32 million agent sessions and over 320,000 users, Fraction AI is already proving to be successful. As a result of the collaboration, the company will incorporate the advanced technology of Verasity, which allows it to enhance its video library that plays a key role in user onboarding and education.
The partnership means that educational materials, community resources, and training materials will be provided with efficiency and convenience, and transparency.
With the integration of the Verasity infrastructure, Fraction AI can be viewed as more than a training site for AI agents, as it will be a platform that will expand the levels of user interaction and generate steady monetization.
Proof of View Technology Brings Transparency The key to the integration is the Verasity Proof of View (PoV) anti-fraud technology. With this system, this eliminates the possibility of having fraudulent and bot-driven views of the ads, which is one of the biggest issues of digital advertising.
In the case of Fraction AI, this implies new ways of monetization, which are supported by verifiable demonstrations of exercises of human activity. By integrating PoV with its decentralized AI training platform, Fraction AI can provide advertisers and users with the guarantee that revenues are generated on the basis of genuine and trusting engagement.
Blockchain Meets AI for Scalable Growth The alliance signals how blockchain and artificial intelligence are becoming more overlapping.
The role established by Verasity during these recent years in battling ad fraud and ensuring the adoption of advertising transparency makes it a logical addition to the Fraction AI philosophy of creating decentralized, autonomous learning environments to train AI agents.
This partnership highlights the rising possibilities of blockchain being used as a layer of verification in AI-powered ecosystems, as transparency and trust are two of the primary areas of concern in adopting such an environment over the long term.
Industry Significance and Future Prospects It is envisaged that the integration will bring benefits to both sides. With more widespread adoption of AI agents, authentic interaction and a lack of fraudulent interactions will be critical.
Both companies stressed that a rollout announcement will come in the near future, paving the way to broader adoption of blockchain-based ad monetization in AI ecosystems. Such cooperation would be a new benchmark in the partnership between the blockchain and artificial intelligence sectors, provided that it becomes successful.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Verasity has signed several major partnerships in recent months, each designed to expand the reach of its VeraPlayer video technology and Proof of View (PoV) fraud detection system. The blockchain protocol, best known for tackling ad fraud and monetizing video, is extending its infrastructure into gaming, artificial intelligence (AI), media, and even real-world assets.
These partnerships include collaborations with Astrena AI, SoonChain, GPTVerse, Paal AI, Turbo memecoin, Funton, and CryptoAutos. Each deal demonstrates how Verasity is embedding its tools across different verticals, from play-to-earn (P2E) gaming to traditional media.
Astrena AI PartnershipIn April, Verasity announced a deal with Astrena AI, a play-to-earn gaming platform that uses artificial intelligence to create personalized player experiences.
Astrena AI integrated Verasity’s VeraPlayer to deliver high-quality video content, including teasers, trailers, and cinematic sequences. A later phase will also bring in VeraViews, Verasity’s advertising solution.
For Verasity’s VRA token holders, the partnership includes exclusive NFT airdrops in the form of limited-edition badges. These digital items provide in-game benefits and interactive features within Astrena’s ecosystem.
Astrena itself is built on a mix of blockchain and AI, with in-game assets represented as NFTs and a native token, $RENA, powering its economy.
SoonChain CollaborationOn May 5, Verasity partnered with SoonChain, an AI-powered gaming Layer 2 platform. SoonChain aims to simplify Web3 game development with features like real-time transaction finality, cross-game asset interoperability, and on-chain management of virtual items.
VeraPlayer now powers SoonChain’s trailers, tutorials, and gameplay showcases. A future update will enable Proof of View, allowing developers to monetize video with verified impressions.
GPTVerse and Paal AITwo AI-driven ecosystems, GPTVerse and Paal AI, also signed on with Verasity in May.
GPTVerse adopted VeraPlayer to distribute content such as industry explainers and platform overviews. Proof of View will later be introduced to ensure all engagement is fraud-free.
Paal AI, a business-focused AI toolkit, onboarded VeraPlayer around the same time. Paal also integrated its own AI agent into Verasity’s Telegram community, providing real-time insights to VRA holders.
Turbo Memecoin IntegrationOn May 26, Verasity partnered with Turbo, one of the most popular memecoins in the top 150 projects by market cap. The deal ensures all of Turbo’s promotional videos, community updates, and educational explainers will run on VeraPlayer.
For Verasity, the Turbo partnership extends its infrastructure into one of crypto’s most active grassroots communities, combining memecoin culture with fraud-resistant video tools.
MAIV CampaignBefore the Turbo announcement, Verasity collaborated with MAIV, a Web3 platform that launched a $5,000 airdrop campaign for both VRA and MAIV holders. The campaign rewarded the first 100 verified participants with $50 worth of MAIV tokens, marking another way Verasity continues to incentivize token engagement.
VeraViews Expands to the UAEOn June 2, Verasity’s advertising arm, VeraViews, launched the UAE’s first home-grown Ad Exchange and Supply-Side Platform (SSP). This was supported by the Ministry of Economy’s NextGenFDI program.
As part of the rollout, VeraViews partnered with Khaleej Times, the UAE’s oldest English-language daily, with more than 8 million monthly users. Khaleej Times is adopting VeraPlayer with Proof of View, as well as VeraViews’s Proof of Traffic (PoT), to combat domain-level fraud.
This partnership brings VeraViews into mainstream digital advertising, scaling video inventory and offering transparency for advertisers in the Middle East.
Funton Gaming DealOn July 15, Verasity announced a partnership with Funton, a tap-to-earn (T2E) gaming platform with more than 500,000 monthly active users.
Funton integrated VeraPlayer for in-game video, demo previews, and promotional clips. PoV will be introduced later, laying the groundwork for fraud-free monetization in a rapidly growing T2E sector.
CryptoAutos CollaborationOn July 22, Verasity partnered with CryptoAutos, a Dubai-based platform that tokenizes luxury vehicles for fractional ownership. CryptoAutos recently acquired a $20 million fleet of high-end cars, including Lamborghini, Ferrari, and Rolls-Royce, with expectations of $15 million annual rental revenue.
The companies are working to integrate Verasity’s Proof of View into CryptoAutos’ video ecosystem, potentially extending VRA utility into real-world asset tokenization and luxury car rentals.
Fraction AI PartnershipIn August, Verasity announced a collaboration with Fraction AI, an AI prediction market platform. The deal focuses on using Proof of View to ensure content views and onboarding materials are verifiable and free from manipulation.
ConclusionVerasity’s recent partnerships show a clear strategy: extend its VeraPlayer and Proof of View infrastructure across gaming, AI ecosystems, memecoins, traditional media, and real-world assets. From Astrena’s AI-driven P2E games to CryptoAutos integrating Verasity’s Proof of View, the company is embedding its tools in diverse, high-traffic environments.
Rather than relying on speculative claims, these partnerships highlight specific, technical integrations that expand the use of Verasity’s products across industries.
Verasity extended its partnership with Carbon Browser to integrate its blockchain-powered advertising infrastructure into the browser. The collaboration aims to provide ad fraud-free monetization opportunities for Carbon’s 7 million-plus users while expanding Verasity’s video and token ecosystem.
Through the partnership:
$VRA is now listed on Carbon Browser Wallet and LDXFiVerasity is available in Carbon’s DApp StoreProof of View integration is underway to ensure verified, fraud-free engagementVerasity’s team noted that Carbon Browser will adopt its advertising infrastructure to power the browser’s video library, creating new revenue streams and improving content integrity.
What Is Carbon Browser?Carbon Browser is a Chromium-based mobile browser emphasizing speed, privacy, and Web3 capabilities. Its main features include:
Data Saving: Built-in tools keep browsing fast while minimizing resource usagePrivacy: Ad-blocking and security-focused architectureWeb3 Integration: Supports multi-chain wallets, staking, cross-chain swaps, and access to decentralized applications (dApps)Carbon also has a community-driven tokenomics model. Its native $CSIX token enables staking, governance through a DAO, and rewards for active participation within the ecosystem.
The browser is designed to provide faster, more private, and secure browsing compared to conventional browsers, with a strong focus on Web3 adoption.
How Verasity Fits InVerasity provides blockchain-based solutions for video delivery, advertising, and content verification. Its core offerings include:
VeraPlayer: A video player optimized for Web3, used for trailers, tutorials, and promotional contentVeraViews: An advertising solution that uses Proof of View (PoV) to ensure engagement is real and fraud-freeProof of View (PoV): A system that verifies content views and protects against ad fraudBy integrating VeraPlayer and PoV into Carbon Browser, Verasity extends its infrastructure to a larger user base while offering publishers a transparent, fraud-resistant way to monetize video content.
Verasity’s Broader Ecosystem PartnershipsThis Carbon Browser deal is part of Verasity’s ongoing expansion across Web3 and AI-powered platforms:
Astrena AIIn April, Verasity partnered with Astrena AI, a play-to-earn gaming platform. The integration involved:
VeraPlayer to deliver high-quality video, including teasers and cinematic sequencesVeraViews to enable ad monetization in later phasesExclusive NFT airdrops for VRA holders, offering in-game benefitsAstrena uses a combination of blockchain and AI, with in-game assets such as NFTs and its native $RENA token powering the economy.
GPTVerse and Paal AIBoth AI-driven platforms onboarded VeraPlayer in May to distribute educational and platform content. PoV integration is planned to ensure verified engagement. Paal AI also implemented an AI agent in Verasity’s Telegram community, offering real-time insights to VRA holders.
Turbo Memecoin IntegrationVerasity partnered with Turbo, a top 150 memecoin, to host promotional and educational videos on VeraPlayer. This expands Verasity’s infrastructure into active memecoin communities and provides fraud-resistant video engagement.
MAIV CampaignEarlier in May, Verasity launched a $5,000 airdrop campaign with MAIV. The first 100 verified participants received $50 worth of MAIV tokens, incentivizing token engagement and community participation.
Funton GamingFunton, a tap-to-earn (T2E) platform with over 500,000 monthly users, integrated VeraPlayer for in-game videos and demos. PoV implementation is planned for secure monetization of T2E content.
CryptoAutosIn Dubai, Verasity partnered with CryptoAutos, a platform for tokenizing luxury vehicles. Plans include:
Integrating PoV into CryptoAutos’ video ecosystemExtending VRA utility into fractional ownership and rental revenue from high-end carsTechnical Integration with Carbon BrowserThe partnership enables Carbon Browser to integrate Verasity’s video and advertising infrastructure in several ways:
VRA Token Integration: Users can hold $VRA in the browser walletDApp Store Listing: Verasity is accessible as a decentralized application directly within Carbon BrowserProof of View: Video and ad views will be verified on-chain to prevent fraudCross-Chain Compatibility: VeraPlayer content can be used across multiple blockchain ecosystemsThese capabilities allow content creators to monetize Web3-native video securely while providing transparency and verifiable metrics to advertisers.
ConclusionThe Verasity–Carbon Browser partnership combines blockchain-based video, ad verification, and tokenized incentives with a fast, private, and Web3-ready browser. Users gain access to fraud-free video content, while content creators and advertisers can rely on Proof of View to secure engagement. This integration demonstrates practical capabilities in Web3 monetization, bridging decentralized infrastructure with mainstream browser technology.
Resources:Veracity X platform: https://x.com/VerasityTech
Verasity has updated its VeraWallet to support VRA on the BNB Chain, enabling holders to manage tokens across two networks in a single interface. Users can now deposit, stake, and withdraw VRA using either Ethereum or BNB Smart Chain addresses while viewing a unified balance. This dual-network functionality aligns with Verasity’s ongoing cross-chain expansion, making VeraWallet a central hub for VRA holders.
Dual-Network Support in VeraWalletThe update introduces dual-network functionality without changing how users interact with the wallet. VRA tokens from Ethereum and BNB Smart Chain are now combined into a single balance, which users can deposit, stake, and unstake without worrying about the originating network.
When withdrawing, the wallet includes a network selector that allows users to send tokens via the chain that suits their needs. VeraWallet also displays net amounts after fees and includes a one-click adjustment option to ensure the received amount matches the intended transfer. Staking continues as usual, and rewards distribution remains consistent regardless of network.
Storing and Staking VRAVeraWallet is designed as a custodial wallet specifically for VRA. Tokens are kept in cold storage offline to minimize exposure to online threats. Users can stake VRA at an annual percentage rate of 15%, with rewards distributed daily. Staking remains under the wallet’s security framework, reducing reliance on external DeFi platforms and avoiding exposure to unverified smart contracts.
The wallet also supports unstaking at any time, though withdrawal delays exist to maintain security. This approach balances accessibility with risk management.
Buying, Selling, and WithdrawingVeraWallet allows users to purchase VRA directly using a debit or credit card or through a bank transfer. In addition, the wallet supports converting VRA into fiat currencies such as USD, EUR, or GBP via Paybis. This off-ramp functionality eliminates the need for external exchanges, allowing holders to manage VRA entirely within the wallet.
The addition of network selection on withdrawals provides flexibility. Users can route transfers to Ethereum or BNB Smart Chain wallets, and the system automatically calculates fees to display net amounts. This feature simplifies cross-chain transfers while giving users control over network-specific decisions.
Security MeasuresVeraWallet emphasizes layered security to protect user assets. The platform stores 99.9% of funds in cold storage offline and requires mandatory two-factor authentication. Continuous monitoring detects suspicious activity, and accounts showing anomalies are automatically locked and reviewed manually. Withdrawal delays and smart contract mechanisms prevent stolen VRA tokens from entering the staking ecosystem.
KYC procedures are in place to comply with regulations and reduce illicit activity. Users must verify their identity to access certain features, including fiat conversions. Personal security practices, such as enabling 2FA, using unique passwords, and avoiding public Wi-Fi, are strongly recommended to mitigate individual risk.
Integration With Carbon BrowserThe update follows Verasity’s partnership with Carbon Browser, which integrates Verasity’s blockchain-based advertising infrastructure. Through this collaboration, VRA is supported on Carbon Browser Wallet and LDXFi. Verasity’s Proof of View system will verify engagement for Carbon’s 7 million-plus users, ensuring content and ad interactions are legitimate and fraud-resistant.
Carbon Browser itself emphasizes Web3 adoption, privacy, and speed. It supports multi-chain wallets, staking, cross-chain swaps, and access to decentralized applications, with its native $CSIX token enabling staking, governance, and rewards. The integration extends Verasity’s infrastructure to a broader user base while maintaining the integrity of video monetization.
ConclusionWith BNB Smart Chain support, VeraWallet now allows users to manage VRA across Ethereum and BNB Smart Chain networks in one place. Unified balances, flexible deposits, network-selectable withdrawals, and existing staking features make the wallet a comprehensive tool for token management.
Strong security measures, including cold storage, two-factor authentication, withdrawal delays, and KYC compliance, maintain user protection across both networks. VeraWallet remains the primary custodial solution for VRA storage, staking, and transactions, supporting the full functionality of Verasity’s ecosystem.
Resources:Veracity X platform: https://x.com/VerasityTech
Verasity is now an official launch partner for the MEW memecoin and its “Catch MEW If You Can” Blind Box collection. MEW is a Solana-based memecoin built around a cat narrative that challenges the dominance of dog-themed memecoins. Collectors can purchase co-branded blind boxes and figurine sets, which are available for a limited 24-hour window.
Web3 just got a little cuter... 😼
We’re thrilled to share that Verasity is an official launch partner for @MEW and their 'Catch MEW If You Can' Blind Box collection!
For the uninitiated, MEW is a Solana-based memecoin built around the story of a mischievous cat on a mission to… pic.twitter.com/VJRa4v7gW1
— Verasity (2025 ⏩) (@verasitytech) September 22, 2025 Each blind box contains a randomly chosen figurine, ideal for collectors or as a fun desk companion. There are six different characters, each with its own rarity level.
Additionally, every “Catch MEW If You Can” figurine has a scannable NFC chip that grants access to on-chain rewards.
The partnership allows Verasity to support MEW in distribution, community engagement, and wallet integration.
What Is the ‘Cat in a Dog’s World’ MEW Memecoin?The MEW memecoin, also called “Cat in a Dog’s World,” launched on the Solana blockchain in March 2024. Unlike other memecoins that follow dog-themed narratives, MEW is designed to offer an alternative perspective, telling a story where a cat navigates a world dominated by dog coins like Dogecoin and Shiba Inu.
MEW has quickly become the second-largest memecoin on Solana after POPCAT, reflecting strong community adoption and trading activity. Its rapid growth is partially driven by creative storytelling, community-driven content, and tokenomics strategies aimed at ensuring stability and engagement.
Understanding MEW Memecoin TokenomicsMEW’s tokenomics are designed to promote stability and community involvement. Key aspects include:
Liquidity Burn: 90% of liquidity pool tokens were burned to establish a price floor and reduce volatility.Community Distribution: The remaining 10% of tokens were airdropped to specific members of the Solana community, incentivizing early adoption and active participation.Utility and Stability: This tokenomics approach balances scarcity and engagement, making MEW competitive among memecoins while providing a consistent transactional framework.These mechanisms contribute to a predictable trading environment and encourage long-term community growth.
Verasity’s Cross-chain Wallet IntegrationWorth noting, Verasity has recently updated VeraWallet to support cross-chain operations, allowing VRA token holders to manage Ethereum and BNB Chain balances in a single interface.
Dual-Network Support in VeraWalletThe update introduces a dual-network system, enabling:
Combined balance viewing for Ethereum and BNB Smart Chain VRA tokensDeposits, staking, and withdrawals without network-specific confusionNetwork selection during withdrawals with automatic fee calculationsThese improvements streamline token management, making it easier for users to interact with cross-chain assets without switching wallets.
Storing and Staking VRAVeraWallet also functions as a custodial wallet with a focus on security:
99.9% of VRA tokens are stored offline in cold storageStaking offers a 15% annual percentage rate with daily reward distributionUnstaking is available at any time, though withdrawal delays maintain securityUsers can stake, deposit, and withdraw tokens securely, reducing reliance on external platforms or unverified smart contracts.
Buying, Selling, and Fiat ConversionVeraWallet supports direct VRA purchases via debit, credit card, or bank transfer. Users can convert VRA to fiat currencies like USD, EUR, or GBP without using third-party exchanges. The wallet’s network selection feature simplifies cross-chain transfers while maintaining clarity on fees and net amounts.
Broader Ecosystem SupportCarbon Browser recently announced they will be integrating Verasity’s blockchain-based advertising infrastructure, providing verification of user engagement for over 7 million users. The browser supports multi-chain wallets, staking, cross-chain swaps, and decentralized applications.
This integration enhances Verasity’s ecosystem by:
Providing secure, verified interactions for video monetizationEnabling staking, governance, and rewards using Carbon’s native $CSIX tokenExtending access to decentralized finance tools and cross-chain functionalityConclusion
Verasity’s collaboration with MEW memecoin demonstrates practical support for emerging tokens.
MEW distinguishes itself on Solana through its narrative, tokenomics, and market presence, while Verasity ensures secure, flexible access to VRA assets and related tokens. The partnership combines operational infrastructure with creative storytelling to strengthen both ecosystems.
Resources:Verasity X platform: https://x.com/verasitytech
Verasity completed its third quarter of 2025 with several updates across product development, network expansions, partnerships, and exchange listings.
From July 1 to September 30, the company focused on executing its published roadmap, adding features in cross-chain functionality and wallet improvements, as outlined in official announcements and related sources. This write-up explores the protocol’s progress within the last three months.
Roadmap Achievements in Q3 2025VeraPlayer Enhancements: Verasity's Q3 roadmap centered on enhancements to its VeraPlayer and text-to-video tools, as well as participation in industry events. The company introduced automated publisher integration for VeraPlayer, enabling seamless video playback across devices and webpages via a universal player code. This initiative adapts to different content formats, such as single videos or playlists, ensuring consistent performance in publisher environments.
Text-to-Video Solution: Additionally, Verasity rolled out a second-generation text-to-video solution that converts text articles into video content with minimal manual input, enabling publishers without native video assets to expand their distribution.
Involvement at WebX 2025: The quarter included Verasity's involvement at WebX 2025, Japan's prominent Web3 conference organized by CoinPost. As platinum sponsors under the VeraViews brand, the team, including the CEO, CPO, CMO, and marketing personnel, engaged with attendees and publishers like CoinDesk Japan and CoinMarketCap.
This event represented Verasity's most significant offline presence since its ecosystem expansions and launches in the UAE. Organizers of the conference have already incorporated Verasity's technology stack into their operations.
Looking ahead, Verasity announced plans for an ambassador program set to launch soon, aimed at fostering community-driven content creation across multiple channels, with rewards and support for participants.
Coming soon: the Verasity Ambassador Program. Centered on sparking conversation around Verasity via multi-channel content creation, this initiative will provide our community with a direct way to get involved, support our growth, and be rewarded through structured pipelines that recognize contribution and efforts,” Verasity wrote.
Cross-Chain Expansion to BNB Smart ChainA key development in Q3 was the expansion of the $VRA token to the BNB Smart Chain, adopting the BEP-20 standard alongside its existing ERC-777 format on Ethereum. This move provided access to one of Web3's largest user bases and earned a feature on Binance Alpha for emerging assets. The integration supports instant bridging through the Hyperlane Nexus Bridge, facilitating transfers between networks.
To mark the launch, Verasity organized trading competitions on Binance Alpha, along with an airdrop for early adopters. The token became available for trading and rewards on PancakeSwap, the chain's primary decentralized exchange. Detailed guides were released to assist users with purchasing, bridging, and staking $VRA at a 15% annual percentage rate. This expansion aimed to improve liquidity and accessibility, aligning with Verasity's strategy for wider integration in the Web3 space.
VeraWallet EnhancementsVerasity updated its VeraWallet during the quarter, emphasizing usability and compatibility with the new cross-chain features.
A notable addition was the fiat off-ramp, which enabled users to convert $VRA to fiat currencies and withdraw funds to bank accounts or cards through integration with Paybis. The process requires a brief know-your-customer verification for security. One month after launch, user feedback indicated positive experiences with the feature.
Additionally, the protocol added support for BEP-20 $VRA, allowing deposits and withdrawals on the BNB Smart Chain. This enables management of balances across both Ethereum and BNB networks, with staking rewards unified across chains.
Other improvements included one-click withdrawals and user interface refinements for quicker navigation. Meanwhile, staking opportunities were extended until March 31, 2026, providing ongoing incentives for holders.
Partnerships and IntegrationsVerasity secured seven partnerships in Q3, each incorporating its advertising infrastructure for video monetization and fraud prevention using Proof of View technology.
Dogelon Mars: Dogelon Mars, an AI-powered metaverse project, partnered with Verasity as an official launch partner for its 'Land on Mars' experience, where community input shapes the terrain; Verasity has a dedicated building in the metaverse, and the partnership included a giveaway of up to $2,500 in $ELON tokens for users posting selfies with the building.
Funton: Funton, a tap-to-earn gaming ecosystem with over 500,000 monthly active users, adopted Verasity's VeraPlayer infrastructure to manage its video inventory, including clips from Telegram and Line-based mini-games and demos of its game deployment solution; Proof of View fraud detection and monetization features are planned for later implementation.
CryptoAutos: CryptoAutos, a global marketplace for high-end vehicles accepting instant crypto payments, collaborated with Verasity to explore synergies such as using blockchain-powered video infrastructure for video content, enabling $VRA payments for vehicle purchases and rentals, and other potential integrations.
Ispolink: Ispolink, an AI-based Web3 development platform with its Ispoverse gamified experience, integrated Verasity with a dedicated booth in the AI-powered world to educate users about its ecosystem; this places Verasity alongside over 50 partners like KuCoin and Manta Network, highlighting its Proof of View technology for ad fraud prevention.
Fraction AI: Fraction AI, a decentralized auto-training platform for AI agents with over 320,000 users and 32 million agent sessions, adopted Verasity's advertising infrastructure to power its video library for user onboarding and education, including monetization via Proof of View fraud detection for revenue from verified human views.
Carbon Browser: Carbon Browser, a Web3-native browser with over 7 million users, integrated Verasity's advertising infrastructure to monetize its video library and create new revenue streams; this includes listing $VRA on the browser's wallet and LDXFi, adding Verasity to the DApp Store, and ongoing Proof of View integration.
MEW: MEW, a Solana-based memecoin focused on a cat-themed narrative challenging dogcoins, partnered with Verasity as an official launch partner for its 'Catch MEW If You Can' blind box collection, offering a limited-edition Verasity co-branded blind box and figurine set available for 24 hours.
Exchange Listings and Liquidity ImprovementsOver the past three months, Veracity saw new exchange listings for $VRA, enhancing its trading options and global reach. WEEX added the token to broaden its availability. BTCC Exchange, Nabox wallet, and Hibt have also integrated the token.
In addition, Cwallet integrated support for $VRA, further expanding wallet compatibility. These listings complemented the BNB Smart Chain expansion, making the token more accessible to traders.
Industry Education and Thought Leadership EffortsVerasity increased its educational content output in Q3 to address issues in digital advertising, such as ad fraud. The company released a three-minute animated video explaining programmatic advertising mechanics.
By the time your page finishes loading, the race to decide which ad you see is already over.
Welcome to Programmatic Advertising: a fully automated marketplace of billions of daily auctions 🔄
Our new explainer walks you through how these auctions work, who’s involved, and how… pic.twitter.com/y52JvCr0Ym
— Verasity (@verasitytech) October 3, 2025 It also launched "The Ad Fraud Files" series, beginning with an episode on the 3ve botnet operation from 2013 to 2018, which involved $29 million in losses from fabricated traffic.
The chief product officer published a blog post discussing blockchain's role in restoring transparency to advertising processes. These initiatives position the company as an informant on ad fraud, which costs the industry billions each year.
ConclusionVerasity's Q3 2025 activities encompassed roadmap execution, cross-chain expansion to BNB Smart Chain, the introduction of VeraWallet fiat and BEP-20 features, new partnerships, and the addition of new exchange listings.
Educational content on ad fraud and community initiatives rounded out the period. These steps highlight the platform's focus on video advertising infrastructure, fraud prevention, and ecosystem growth. In the meantime, the protocol has teased an upcoming tokenomics update for Q4, linking it to the quarter’s developments and future strategies.
Sources:
Verasity Official X Account: https://x.com/verasitytechVerasity Q3 Report: https://x.com/verasitytech/status/1978446568614248793?s=46
LCX, a notable player in the digital assets exchange market, has recently announced a new strategic partnership with Clear Junction, aiming to revolutionize its fiat on-ramp capabilities. This collaboration marks a significant step forward in LCX’s commitment to enhancing user experience by incorporating instant fiat transfer systems into its services.
By leveraging Clear Junction’s innovative financial solutions, LCX will provide its users with the ability to conduct real-time fund transfers and facilitate smoother transactions across their trading platforms.
Clear Junction, regulated by the Financial Conduct Authority (FCA) in the UK, is renowned for its robust regulatory framework and extensive experience in financial technologies.
The company, with operations spanning across the UK, Poland, and Latvia, specializes in providing integrated payment solutions that address the limitations of traditional banking systems. Their commitment to reliability and regulatory compliance makes them an ideal partner for LCX, which continues to prioritize security and efficiency in all its exchange operations.
Strategic Advantages and Enhancements One of the most immediate benefits of this partnership is the substantial improvement in transaction speed and efficiency. LCX users can now enjoy near-instantaneous fiat deposits and withdrawals, a critical enhancement that allows traders to respond swiftly to market movements.
This upgrade not only enhances user satisfaction but also boosts overall liquidity on the exchange, making it a more competitive player in the cryptocurrency trading space.
The integration with Clear Junction significantly extends LCX’s market reach, particularly within the European Economic Area (EEA), by connecting the exchange with a broader network of banking institutions. This expansion is instrumental in scaling LCX’s services across Europe, enabling a seamless exchange experience for a diverse user base.
Moreover, Clear Junction’s strong emphasis on compliance with financial regulations reinforces LCX’s commitment to maintaining high security and transparency standards, ensuring that the platform remains trustworthy and reliable for its institutional and retail customers.
Clear Junction brings to the table state-of-the-art financial solutions like SEPA Instant, which allows for real-time processing of Euro transactions, including during weekends and non-banking hours.
This capability is pivotal for traders who need immediate execution of their financial decisions. Additionally, the robust security measures implemented by Clear Junction ensure that all transactions are protected against fraud, enhancing the overall security framework of LCX’s operations.
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LCX breaks a descending channel, targeting $0.31732 with bullish momentum building rapidly. On-chain signals and rising activity support the rally, but overbought RSI demands caution. LCX crypto [LCX] has taken the crypto market by storm with a staggering 90% rally in just seven days, capturing the attention of traders worldwide.
At press time, LCX trades at $0.20528, boasting a trading volume surge of 120% in the past 24 hours. But what’s fueling this remarkable performance, and can the momentum continue?
Breaking the descending channel with key resistance in sight LCX recently broke free from a prolonged descending channel that had capped its price since early 2024. This breakout marks a clear shift in momentum, as bulls pushed the price up by 19.54% intraday.
Consequently, the focus now shifts to the critical resistance level at $0.31732, representing a potential 53% upside.
If LCX can sustain this upward trajectory, it could signal an extended bullish rally. However, failure to hold above the previous support-turned-resistance at $0.173 might invite bearish pressure.
Source: TradingView MACD and RSI paint a bullish yet cautious picture The MACD indicator shows strong upward momentum. The MACD line has crossed into bullish territory above zero, and the widening gap between the MACD and signal lines confirms buyer dominance.
Additionally, the RSI has spiked to 80.96, indicating overbought conditions. While this reflects intense buying activity, it also warns of a potential short-term pullback if traders begin taking profits.
Therefore, while momentum remains on the side of the bulls, caution is warranted.
Source: TradingView On-chain signals show mixed metrics On-chain data provides a nuanced picture. While 11.15% of holders are “in the money,” signaling profitability, other metrics suggest caution.
Net network growth, for example, is up only 0.58%, while large transactions have decreased by 2.74%, pointing to waning interest among larger investors. Consequently, while retail activity appears robust, institutional participation might be limited.
Source: IntoTheBlock Daily active addresses surge alongside price LCX’s daily active addresses recently surged to 507, a significant increase that aligns with the token’s recent rally. This growth in user activity adds credibility to the rally, as heightened network engagement often correlates with price increases.
Source: Santiment Can LCX sustain its momentum? LCX’s current rally is fueled by technical breakouts and rising user activity. However, overbought RSI levels and mixed on-chain signals raise questions about sustainability. If LCX clears the $0.31732 resistance, it could unlock further upside.
However, a failure to maintain its current levels may lead to a pullback. For now, LCX appears poised to continue its bullish trajectory, but traders should keep a close watch on key resistance levels and market sentiment.
LCX flipped its daily market structure bullishly, gaining by 43% in a day High trading volume and rising capital inflows meant more gains were possible LCX [LCX] regained a bullish market structure on the 1-day timeframe for the first time in nearly two months. In fact, the exchange token of the LCX cryptocurrency exchange has been on a persistent downtrend since June.
From 5 June to 31 October, the token shed 70% of its value. It took a couple of weeks to form a range around the $0.1-mark and consolidate. However, over the past week, it has gained by 163%.
At press time, it was up by 43% in the last 24 hours, having climbed past the $0.24-level which was expected to serve as resistance. How much higher can LCX go?
The importance of $0.2-$0.25 for LCX Source: LCX/USD on TradingView In March, the $0.223-$0.232 region served as a demand zone. It saw a rally to $0.4 in the final week of March, before a pullback began. This turned into a downtrend after the $0.32 area was flipped to resistance.
At press time, LCX was trading at $0.2695, having hit $0.2778 in recent hours. It was able to burst past the $0.223 resistance zone without too much trouble.
The trading volume increased from $4.43 million on 21 November to $16.16 million on 22 November and hit $35.9 million on 25 November. This high trading volume, alongside the quick price gains, can be seen as a strong positive sign.
Read LCX’s [LCX] Price Prediction 2024-25
As shown above, the Fibonacci retracement levels were plotted because even though the market structure was bullish, the long-term trend has been bearish. LCX token needs to beat the $0.332-level to claim it is beginning a strong, sustainable uptrend.
The CMF was at +0.1 to underline significant capital inflows to the market. Finally, the Directional Movement Index revealed a strong uptrend in progress with the +DI (green) and the ADX (yellow) both above the 20-mark.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Key NotesLCX submitted a pre-application for the MiCA license under Liechtenstein’s Financial Market Authority (FMA).The MiCA license will allow LCX to operate across 30 EEA countries.LCX expands its offerings with new tokens like AIOZ, USUAL, BRETT, MOVE, and SERV. A crypto asset exchange based in Liechtenstein, LCX, has formally submitted a pre-application for the Pan-European MiCA license under the Liechtenstein Financial Market Authority (FMA). This move further cements LCX’s position as one of the first regulated exchanges in Europe, aiming to meet these upcoming regulations.
LCX is preparing for the new MiCA rules, which will start in Liechtenstein on February 1, 2025. This license will allow LCX to operate in 30 countries in the European Economic Area, including the EU, Iceland, Liechtenstein, and Norway, with a population of about 450 million.
The exchange takes compliance seriously, having been registered as a Crypto Assets Service Provider (CASP) under the Liechtenstein authority since 2020. LCX also holds more registrations under the country’s Blockchain Laws and the Trusted Technology Service Provider Act than any other company. It could be said that LCX is well-prepared to operate under the forthcoming MiCA regulation, having met the strict Liechtenstein regulatory standards.
Monty C. M. Metzger, CEO of LCX, said applying for the preliminary MiCA license is a key step in the company’s growth and shows its commitment to following rules. He also mentioned LCX has been a leader in crypto regulation. The CEO stated:
“Filing for the preliminary MiCA license is a pivotal step in our growth strategy and reflects our long-standing commitment to regulatory excellence. We have always been a leader in driving compliance within the crypto industry, and this move will enable us to continue delivering innovative, compliant, and secure services to become the leading crypto exchange in Europe. People are proud of having an account at LCX”
The detailed process through which LCX complied with Liechtenstein regulations demonstrates its proactive approach to smoothly transitioning to MiCA. Formal applications for the MiCA license in Liechtenstein can only be made starting February 1, 2025, when the MiCAR rules take effect. MiCA offers clear regulations while supporting innovation in Bitcoin, digital assets, and blockchain technology.
New Features Enhance Security and Fund Management on LCX Platform The exchange, founded in 2018, has added a new feature to its platform that will further simplify and secure fund management. The Address Management feature allows users to create a Whitelisted Address Book to store trusted wallet addresses for secure withdrawals, eliminating the risk of errors from copy-pasting addresses. The new addition also ensures that users can withdraw funds only to pre-approved addresses, safeguarding their assets. LCX stated:
“This feature simplifies fund management, reduces mistakes, and adds an extra layer of protection against unauthorized withdrawals. It’s one more way LCX prioritizes your safety while enhancing your experience”
LCX has also been expanding its offerings by listing new tokens on its platform, such as AIOZ, USUAL, BRETT, MOVE, and SERV, providing users with more options for trading.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
Decentralized and centralized crypto exchanges work quite differently. Decentralized exchanges, or DEXs, are run by communities rather than companies. They usually allow users to trade a wide range of tokens, although the trade amounts tend to be smaller. Because there’s no central authority, DEXs can offer more freedom, but they’re often harder to use, especially for beginners.
Centralized exchanges, or CEXs, are the more traditional kind. These are operated by companies and tend to support higher volume trades, though with a more limited selection of cryptocurrencies. They usually require users to go through identity checks, known as Know Your Customer (KYC), to help prevent fraud and money laundering. Compared to DEXs, centralized exchanges are generally easier to use, which makes them more appealing to newcomers in the crypto space.
One example of a centralized exchange is the Liechtenstein Cryptoassets Exchange, or LCX. While the company was founded in 2018, the actual trading platform didn’t launch until 2020. It was started by Monty Metzger, a digital entrepreneur and investor from Liechtenstein, who also serves as the company’s CEO. In this article, we’ll explore LCX price prediction along with deep technical analysis of the current market sentiment. This will guide investors with a strategic investment plan.
LCX: A Quick Introduction Besides being a crypto exchange, LCX built out a whole ecosystem of tools and services designed to support both casual users and serious crypto projects.
For example, LCX created the LCX Terminal, a platform that connects up to 16 different crypto exchanges in one dashboard. This makes it easier for traders to compare prices across platforms and ideally get the best possible deal. Then there’s the LCX Token Sale Manager, which helps users in launching their own cryptocurrencies. It includes tools for building smart contracts, finding investors, and handling regulatory requirements like Know Your Customer (KYC) verification.
The platform also supports more advanced features. The STO Launchpad allows businesses to issue tokenized securities, giving them a way to raise capital while complying with security laws. Meanwhile, the LCX Smart Order platform helps traders find the best prices in real-time. It uses algorithms to scan centralized exchanges for the most favorable bid and ask prices, and it also supports arbitrage trading, which allows users profit from price differences between exchanges.
LCX has also expertise in other areas of the crypto market, offering a decentralized exchange (DEX) aggregator and even a platform for tokenized diamond NFTs. And for users who want access on the go, there’s a mobile app so everything doesn’t have to be done on a computer.
LCX Token and Its Use cases It’s the platform’s native cryptocurrency and is used to pay for things like trading fees, subscriptions, and custodial services. Holding the token also gives users perks like discounts on exchange fees.
The LCX Token launched in March 2019 through a token generation event. According to the company’s whitepaper, there were a few lock-up and vesting periods in place to manage distribution. Team tokens were released gradually over 36 months, and advisor tokens followed the same schedule. Originally, there were 1 billion tokens created, but LCX burned 50 million of them during 2019 and 2020 to reduce supply. Today, most of the tokens are held by the LCX community.
We are setting a new standard — one asset at a time.
Learn more about tokenization at LCX →… pic.twitter.com/SDB4H1YgJN
— LCX (@lcx) April 29, 2025 The LCX Token plays a central role in how the LCX platform works, offering several practical uses that go beyond just being a digital currency.
Fee Discounts: Holding LCX Tokens gives users up to 50% off trading fees on the LCX Cryptocurrency Exchange. Payment for Services: The token can be used to pay for all LCX services, making it a flexible utility token across the platform. Asset Tokenization: LCX Tokens enable the tokenization of real-world assets like bonds, artwork, and commodities (e.g. diamonds), allowing them to be represented and traded on the blockchain. Platform Functionality: The token serves as a digital voucher that helps sign, encrypt, and secure digital assets, improving the security and efficiency of LCX’s blockchain operations. LCX Historical Price Sentiment Before diving into LCX’s price predictions, it’s important to look back at how the token has performed in the past. While history doesn’t guarantee future results, it can give us some useful context.
LCX hit the market in late 2019, and it got off to a slow start—hitting an all-time low of just $0.00007085 on November 26 of that year. It wasn’t until May 2020 that it managed to climb above one cent.
The real momentum came in early 2021 during a crypto market boom, partly fueled by stimulus money from the U.S. making its way into digital assets. LCX shot past $0.10 in March 2021. However, that run was cut short by the big market crash on May 19, which led to a period of stagnation.
Later that year, in November, excitement around Bitcoin reaching new highs pushed LCX to its own peak—an all-time high of $0.7048 on November 16, 2021. But concerns around the Omicron COVID-19 variant triggered a market pullback, and LCX ended the year at $0.1752.
In 2022, the overall crypto market started sliding, and LCX was no exception. Things got worse in January when hackers stole about $8 million from an LCX wallet, causing the token to dip below $0.10. There was a brief rebound in March, when it reached $0.1679.
But May brought another big blow: the collapse of the LUNA token and the UST stablecoin shook the entire market. LCX dropped as low as $0.04922. Although it briefly bounced back in June to $0.101, the announcement that Celsius had paused withdrawals confirmed a bear market, and LCX dropped again to $0.05157.
After a few ups and downs, LCX reached $0.08093 in August, but the momentum didn’t last. By late September, it had fallen back to around $0.04459. A slight rally in October—thanks to buzz around the relaunch of the LCX exchange, pushed the price up to $0.06172. Still, by early November, it had slipped again to about $0.0492.
LCX began 2023 with a surprisingly strong rally. It opened the year at just over $0.03 and surged to $0.12 by the end of January. That momentum slowed in the following months, with February and March closing at $0.1036 and $0.07929 respectively. From April through September, LCX gradually declined, dropping to a low of around $0.03887. October remained flat, but a modest rebound began in November, with the price climbing to $0.07059, and by December, it closed the year at $0.1041—marking a slow but steady recovery.
2024 kicked off with a major breakout. LCX soared in January to close at $0.303, continuing its rise into February and reaching a March high of $0.4008 before closing that month at $0.3669—its strongest performance since late 2021. After this peak, the token began to cool off. April through August saw a gradual decline, with prices falling from $0.28 in April to $0.1355 by August. September offered a brief lift to $0.1609, but October brought another dip, with LCX closing at just $0.0921. November, however, brought renewed excitement. The token rallied strongly, reaching a high of $0.3859 and closing the month at $0.2952. December saw a pullback to $0.2298, wrapping up a volatile but mostly bullish year.
In 2025, LCX showed early signs of strength, opening January at $0.2298 and climbing to a high of nearly $0.294 before closing at $0.2337. However, this was followed by a downward trend—February ended at $0.2024, and March continued the slide to $0.1509.
LCX Price Prediction: Technical Analysis LCX price has dropped to its moving averages, indicating that the bearish trading may persist for some time. However, buyers are aiming for a recovery rally from the recent lows. As of writing, LCX price trades at $0.145, surging over 1.5% in the last 24 hours.
A strong bounce from the moving averages could prompt the bulls to push the LCX/USDT pair above the $0.177 resistance. A successful breakout would confirm a double-bottom pattern, with a potential upside target of $0.25.
However, if the price fails to break above $0.17 and reverses, it would signal that the pair remains stuck in the current range. A drop below the key support at $0.14 would give the bears the advantage to push the price toward $0.11.
LCX Price Predictions by Blockchain Reporter YearsMinimum ($)Average ($)Maximum ($)20250.18770.1950.224420260.27080.28060.325820270.37050.38460.473920280.55050.56970.657920290.7890.81180.933120301.11.151.3520311.61.651.920322.52.562.7620333.493.624.3420345.075.256.04 LCX Price Prediction 2025 In 2025, LCX is expected to reach a minimum price of around $0.1877. Based on forecasts, the token could climb as high as $0.2244, with an average trading price estimated at $0.1950.
MonthsMinimum ($)Average ($)Maximum ($)January0.10.120.14February0.110.130.15March0.120.140.16April0.130.150.17May0.140.160.18June0.150.170.19July0.160.1750.2August0.1650.180.205September0.170.1850.21October0.1750.190.215November0.180.1930.22December0.18770.1950.2244 LCX Price Prediction 2026 LCX is projected to start 2026 at a minimum of $0.2708 and potentially rise to a maximum of $0.3258. The average price for the year is expected to be about $0.2806.
MonthsMinimum ($)Average ($)Maximum ($)Jan-26$0.1853$0.2048$0.2106Feb-26$0.2051$0.2129$0.2208Mar-26$0.2075$0.2172$0.2315Apr-26$0.2118$0.2215$0.2402May-26$0.2162$0.2260$0.2513Jun-26$0.2272$0.2350$0.2626Jul-26$0.2343$0.2421$0.2743Aug-26$0.2415$0.2493$0.2840Sep-26$0.2490$0.2568$0.2940Oct-26$0.2548$0.2645$0.3042Nov-26$0.2653$0.2751$0.3148Dec-26$0.2708$0.2806$0.3258 LCX Price Prediction 2027 Forecasts suggest that in 2027, LCX could trade as low as $0.3705, while reaching a peak of $0.4739. The average predicted price for the year is $0.3846.
MonthsMinimum ($)Average ($)Maximum ($)Jan-27$0.2694$0.2946$0.3030Feb-27$0.2865$0.3005$0.3178Mar-27$0.2953$0.3065$0.3298Apr-27$0.3014$0.3127$0.3421May-27$0.3077$0.3189$0.3546Jun-27$0.3176$0.3317$0.3705Jul-27$0.3337$0.3449$0.3871Aug-27$0.3413$0.3553$0.4043Sep-27$0.3512$0.3624$0.4221Oct-27$0.3584$0.3696$0.4402Nov-27$0.3630$0.3770$0.4550Dec-27$0.3705$0.3846$0.4739 LCX Price Prediction 2028 By 2028, LCX is anticipated to increase further, with prices ranging from a minimum of $0.5505 to a maximum of $0.6579. The average trading value is forecasted at $0.5697.
MonthsMinimum ($)Average ($)Maximum ($)Jan-28$0.3653$0.4038$0.4153Feb-28$0.4007$0.4200$0.4315Mar-28$0.4130$0.4284$0.4525Apr-28$0.4301$0.4455$0.4739May-28$0.4390$0.4544$0.4962Jun-28$0.4572$0.4726$0.5144Jul-28$0.4714$0.4867$0.5333Aug-28$0.4811$0.4965$0.5527Sep-28$0.5010$0.5163$0.5776Oct-28$0.5178$0.5370$0.6034Nov-28$0.5377$0.5531$0.6302Dec-28$0.5505$0.5697$0.6579 LCX Price Prediction 2029 In 2029, analysts expect LCX to hit a low of $0.7890 and potentially rise to a high of $0.9331. The average price over the year is projected to be $0.8118.
MonthsMinimum ($)Average ($)Maximum ($)Jan-29$0.5412$0.5982$0.6153Feb-29$0.5874$0.6101$0.6392Mar-29$0.5996$0.6224$0.6697Apr-29$0.6120$0.6348$0.7008May-29$0.6254$0.6538$0.7262Jun-29$0.6572$0.6800$0.7589Jul-29$0.6708$0.6936$0.7861Aug-29$0.6790$0.7075$0.8139Sep-29$0.7002$0.7287$0.8422Oct-29$0.7294$0.7578$0.8713Nov-29$0.7597$0.7882$0.9016Dec-29$0.7890$0.8118$0.9331 LCX Price Prediction 2030 LCX could continue its upward trend in 2030, with a minimum price of $1.10 and a possible high of $1.35. The average price throughout the year is forecasted at $1.15.
MonthsMinimum ($)Average ($)Maximum ($)Jan-30$0.7712$0.8524$0.8767Feb-30$0.8459$0.8865$0.9194Mar-30$0.8806$0.9131$0.9637Apr-30$0.8989$0.9313$1.00May-30$0.9175$0.9500$1.04Jun-30$0.9284$0.9690$1.08Jul-30$0.9478$0.9883$1.12Aug-30$0.9756$1.01$1.16Sep-30$1.02$1.05$1.20Oct-30$1.05$1.08$1.26Nov-30$1.06$1.10$1.30Dec-30$1.10$1.15$1.35 LCX Price Prediction 2031 By 2031, LCX is predicted to trade between $1.60 and $1.90, with an average yearly price of around $1.65.
MonthsMinimum ($)Average ($)Maximum ($)Jan-31$1.09$1.20$1.24Feb-31$1.18$1.24$1.29Mar-31$1.21$1.26$1.35Apr-31$1.24$1.30$1.41May-31$1.28$1.33$1.48Jun-31$1.31$1.35$1.53Jul-31$1.32$1.38$1.58Aug-31$1.38$1.44$1.64Sep-31$1.44$1.49$1.70Oct-31$1.47$1.52$1.76Nov-31$1.54$1.58$1.82Dec-31$1.60$1.65$1.90 LCX Price Prediction 2032 Forecasts for 2032 suggest LCX could reach a minimum value of $2.50 and a maximum of $2.76, while the average price is estimated at $2.56.
MonthsMinimum ($)Average ($)Maximum ($)Jan-32$1.57$1.73$1.78Feb-32$1.72$1.80$1.87Mar-32$1.77$1.84$1.94Apr-32$1.83$1.91$2.01May-32$1.92$1.99$2.09Jun-32$1.98$2.07$2.19Jul-32$2.08$2.15$2.27Aug-32$2.17$2.23$2.36Sep-32$2.26$2.32$2.47Oct-32$2.33$2.39$2.56Nov-32$2.40$2.46$2.66Dec-32$2.50$2.56$2.76 LCX Price Prediction 2033 In 2033, the LCX token may see prices ranging from $3.49 to $4.34. The average expected trading value is $3.62.
MonthsMinimum ($)Average ($)Maximum ($)Jan-33$2.43$2.69$2.77Feb-33$2.64$2.74$2.90Mar-33$2.75$2.85$3.04Apr-33$2.81$2.91$3.15May-33$2.87$2.97$3.30Jun-33$2.93$3.03$3.42Jul-33$3.02$3.15$3.57Aug-33$3.12$3.25$3.70Sep-33$3.18$3.31$3.86Oct-33$3.31$3.44$4.02Nov-33$3.42$3.55$4.20Dec-33$3.49$3.62$4.34 LCX Price Prediction 2034 Looking ahead to 2034, LCX is forecasted to reach a low of $5.07 and a high of $6.04, with an average predicted price of $5.25.
MonthsMinimum ($)Average ($)Maximum ($)Jan-34$3.47$3.80$3.91Feb-34$3.73$3.87$4.06Mar-34$3.84$3.99$4.21Apr-34$3.96$4.11$4.37May-34$4.09$4.27$4.54Jun-34$4.18$4.36$4.71Jul-34$4.35$4.53$4.93Aug-34$4.57$4.71$5.15Sep-34$4.66$4.81$5.34Oct-34$4.86$5.00$5.58Nov-34$5.01$5.15$5.83Dec-34$5.07$5.25$6.04 LCX Price Targets: By Experts According to the latest Liechtenstein Cryptoassets price prediction from Coincodex, the token is expected to decrease by approximately 16.14%, reaching a price of $0.121598 by May 30, 2025. Technical indicators currently reflect a Neutral sentiment, while the Fear & Greed Index stands at 60, indicating Greed. Over the past 30 days, Liechtenstein Cryptoassets has experienced 13 green days out of 30 (43%), with a price volatility of 8.67%. Based on the Coincodex forecast, now appears to be a favorable time to consider buying Liechtenstein Cryptoassets.
According to projections from Digital Coin Price, LCX is expected to begin the year 2027 at approximately $0.43 and trade around $0.52, marking a significant increase compared to the previous year. Analysts consider this a notable and acceptable upward move for LCX. Looking further ahead to 2034, forecasts suggest that LCX could reach a minimum price of $2.75, with a potential peak at $2.86 and an average trading price of $2.83. Digital Coin Price analysts believe LCX may surpass its previous highs and move toward a new price tier if market conditions remain favorable. However, they also caution that a market downturn remains possible.
Is LCX a Good Investment? When to Buy? Holding the LCX Token grants users a reduction of up to 50% on trading fees at the LCX Cryptocurrency Exchange. The token can be used to pay for all fees associated with the services offered by LCX AG, making it a universal utility token. As LCX token gains attention in the market, the future for LCX looks bright. Thus, it makes LCX a good investment. According to our LCX price prediction, it is suggested to invest in LCX crypto at a price of $0.1 for a profitable return in the long term.
More on LCX and Its License LCX has filed a pre-application for the Pan-European MiCA license with Liechtenstein’s FMA, making it one of the first regulated crypto exchanges aiming for full MiCA compliance. LCX is creating an ecosystem to become a leading player in the blockchain space. To achieve this, they’re developing several key products:
LCX Terminal: A platform to manage crypto trading across multiple exchanges.
LCX Exchange: Aiming to launch a regulated marketplace for trading cryptocurrencies and security tokens.
LCX Assets: A platform for creating and managing tokenized digital assets.
LCX Vault: A secure storage solution designed for institutions.
LCX Protocol: A decentralized system called the “Liechtenstein Protocol” that sets standards for issuing and trading security tokens.
LCX Bank: In the long run, LCX plans to become a blockchain-focused bank, offering corporate banking services under a full banking license. The roadmap of LCX is fascinating. It all began in 2017, when the idea for LCX was formed, focusing on building a regulated and innovative blockchain-based financial ecosystem. In 2018, LCX AG was officially incorporated to secure funding and begin technology development. The following year, in 2019, LCX launched the LCX Terminal—a platform designed to manage crypto asset trading across multiple exchanges—marking a significant step in its product development.
By 2020, LCX focused on tokenization, working to create a new class of digital financial instruments such as security tokens. During this phase, the company also began developing tools for regulatory compliance, including solutions for KYC (Know Your Customer), AML (Anti-Money Laundering), and legal reporting. In 2021, LCX expanded its digital asset services and launched LCX Vault, a secure custody solution for crypto assets aimed at institutional clients.
In 2022, LCX turned its attention to advanced technologies like Artificial Intelligence and Big Data, aiming to set new standards in financial services through scalable tech solutions. The growth continued in 2023, with LCX expanding its digital asset platform to offer more financial services and meet growing market demand. By 2024, the company aimed to refine its operations further through digital excellence, focusing on automation and customer-centric services.
Looking ahead to 2025, LCX’s goal is to manage billions of dollars in assets under management (AuM), with 70% of those assets in crypto and 30% in traditional finance. This milestone reflects LCX’s ambition to lead the blockchain financial space through steady innovation, regulatory compliance, and global growth.
At Paris Blockchain Week 2025, LCX CEO Monty Metzger unveiled a bold roadmap centered on regulation, real-world asset tokenization, and scalable crypto infrastructure. The plan focuses on three pillars: Exchange V3.0 with advanced trading tools, secure tokenization of assets like gold and silver, and global regulatory leadership through MiCA compliance. LCX emphasized its commitment with a strong presence at the event, including private meetings and keynote sessions. With $3B in 2024 trading volume and 250,000+ users, LCX is positioned as a leader in compliant digital finance. As global regulations tighten, LCX’s strategy is built for long-term growth and trust.
Conclusion LCX is fundamentally a technology company with strong expertise in crypto, blockchain, and the banking sector. The team has been deeply involved in innovation for years and has previously led fast-growing companies.
Its leadership has experience working at tech startups, blockchain initiatives, quantitative funds, venture capital firms, and major financial institutions such as Morgan Stanley, Goldman Sachs, J.P. Morgan, and top banks in Liechtenstein.
As part of its long-term strategy, LCX plans to apply for several financial licenses, including a banking license, to offer transaction banking services for both businesses and individuals, especially in the area of corporate banking. The company also aims to expand into more traditional financial services over time.
LCX is working to provide fast, flexible, and valuable services by combining the speed of cryptocurrency transactions with the global usability of traditional fiat accounts. The platform will support payments in both crypto and fiat, allowing users to easily switch between currencies directly from the main interface.
It is advised to do your own research and conduct expert analysis before investing in the volatile crypto market.
Frequently Asked Questions What is LCX and who founded it? LCX is a centralized crypto exchange launched in 2020 by Monty Metzger, a digital entrepreneur from Liechtenstein. Beyond trading, LCX offers a suite of blockchain-based services, including tokenization, smart order routing, and regulatory tools.
What is the LCX Token used for? The LCX Token is a utility token used across the LCX platform for paying trading fees, accessing services, and enabling asset tokenization. Holding the token also grants users discounts and added functionality.
How has the LCX token performed historically? Since its 2019 launch, LCX has experienced significant volatility, peaking at $0.7048 in 2021 and seeing sharp corrections during broader market downturns. However, it has shown resilience with periods of strong recovery.
What is the future price prediction for LCX? Analysts project steady growth for LCX, with potential prices reaching $0.22 in 2025, $1.15 by 2030, and possibly up to $6.04 by 2034, depending on market trends and adoption.