#top Ethereum wallets
Explore tagged Tumblr posts
dencyemily · 1 year ago
Text
Analyst Insights: Ethereum's Bullish Breakout Points to Promising Altseason
Ethereum's recent breakout from its established price channel has ignited excitement in the crypto community, marking a strong start to what analysts and investors anticipate as the onset of an 'Altseason.' The surge in Ethereum's price, coupled with increased holdings among top wallets, reflects a positive market sentiment and hints at a broader rally in the altcoin space.
Technical Breakout:
ProfessorAstrones, a respected figure in the crypto space, highlighted Ethereum's technical breakout from its price channel, a trend that has persisted since October. The recent breach above the upper limit of this channel signifies a robust entry into a period historically associated with strong altcoin performance. The optimistic technical outlook has fueled a shared sense of enthusiasm among analysts and investors.
On-Chain Accumulation:
Supporting the technical perspective, on-chain data reveals a notable increase in buying activity, particularly from corporate entities and high-net-worth individuals. Post the approval of the Bitcoin ETF, the top 1,000 Ethereum wallets have significantly augmented their holdings, accumulating a total of 570,000 ETH and amassing a substantial 64.6 million ETH in total. This on-chain accumulation further bolsters confidence in Ethereum's potential for growth.
Market Reaction and Performance:
The market has responded positively to these developments, with Ethereum's current price at $2,529.98, reflecting a modest gain in the last day and a noteworthy 10.58% upswing over the previous week. Ethereum's market value, now exceeding $304 billion, reflects increased market participation and positive investor sentiment. The combination of technical breakthroughs and on-chain accumulation sets the stage for Ethereum's success and potentially signals the beginning of a broader altcoin rally.
0 notes
sidneymajohn · 3 months ago
Text
Coinbase - Buy and Sell Crypto - First Trade Confirmation Bonus $50 Sign Up now
The future of money is here! Coinbase is the most trusted place for people and businesses to buy, sell, and manage crypto. Converts on the first trade (min. $50). New users only.
Powerful analytical tools with the safety and security of Coinbase deliver the ultimate trading experience. Tap into sophisticated charting capabilities, real-time order books, and deep liquidity across hundreds of markets.
Get Offer Instant Access Coinbase New User Sign Up Today
Tumblr media
2 notes · View notes
beardedmrbean · 24 days ago
Text
North Korean hackers have stolen the equivalent of billions of dollars in recent years and the nation is seeking to amass even greater wealth through illicit means, experts told DW.
Hackers belonging to the Lazarus Group — a notorious North Korean crypto theft ring — stole a record $1.5 billion (some €1.37 billion) in digital tokens from Dubai-based cryptocurrency exchange ByBit in late February. The company said the hackers had accessed its digital wallet for Ethereum, the second-largest electronic currency after Bitcoin.
Binance News, a new platform operated by cryptocurrency exchange firm Binance, reported last month that North Korea now has some 13,562 Bitcoins, the equivalent of $1.14 billion. Bitcoin is the world's oldest and best known cryptocurrency, often compared with gold due to its alleged resistance to inflation. Only the US and Great Britain have greater reserves of the currency, Binance News said, citing crypto data provider Arkham Intelligence.
"Let's not mince words — [North Korea] achieved this through theft," Aditya Das, an analyst at cryptocurrency research firm Brave New Coin in Auckland, New Zealand, told DW.
"Global policing agencies like the FBI have publicly warned that North Korean state-sponsored hackers are behind numerous attacks on cryptocurrency platforms," he added.
Hackers use social engineering against crypto firms
Despite those warnings, however, crypto firms are still being robbed and North Korean hackers are becoming increasingly sophisticated, the analyst said.
"North Korea employs a wide range of cyberattack techniques, but they've become especially known for their skill in social engineering," said Das.
"Many of their operations involve infiltrating employee hardware, then using that access to breach internal systems or lay traps from the inside."
The hacker's primary targets are crypto startups, exchanges and decentralized finance (DeFi) platforms due to their "often under-developed security protocols," he said.
Recovery of funds 'extremely rare'
Elite North Korean hackers tend to take their time when infiltrating a legitimate global organization, often by impersonating venture capitalists, recruiters or remote IT workers to build up trust and breach firms' defenses.
"One group, Sapphire Sleet, lures victims into downloading malware disguised as job applications, meeting tools or diagnostic software — essentially turning victims into their own attack vectors," Das said.
Once crypto has been stolen, Das says recovery is "extremely rare." Cryptocurrency systems are designed to make transactions irreversible and striking back against North Korean operatives "is not a viable option because these are nation-state actors with top-tier cyber defenses."
Kim Jong Un's regime 'saved' by cryptocurrency theft
Park Jung-won, a professor of law at Dankook University, said North Korea previously relied on risky transactions — such as smuggling narcotics and counterfeit goods or supplying military instructors to African nations — to earn illicit funds.
The legal expert says the advent of cryptocurrency "has been a huge opportunity" for dictator Kim Jong Un.
"It is probably fair to say that given the way the world was cracking down on Pyongyang's smuggling efforts, crypto has saved the regime," Park told DW. "Without it, they would have been completely without funds. They know that and they have invested heavily in training the best hackers and getting them up to a very high level of skill."
"The money that they are stealing is going straight to the government and the assumption is that it is being spent on weapons and greater military technology as well as the Kim family," according to Park.
North Korea immune to international pressure
Park does not believe that outside pressure would force North Korea to end hacking attacks.
"For Kim, the survival of his dynasty is the most important priority," the law professor said.
"They have become accustomed to this source of revenue, even if it is illegal, and they will not change," he added. "There is no reason for them to suddenly start abiding by international law and there is no way to apply more pressure."
Das agrees there are few tools available to influence North Korea. He says companies need to do everything in their power to avoid becoming the next victim.
"Best practices like secure-by-design smart contracts, constant internal verification and social engineering awareness are essential if the industry wants to stay ahead," he said.
Crypto firms need universal security standards
There's growing momentum for sector-wide information sharing which would help crypto firms detect North Korean tactics and avert attacks, but Das warns that crypto remains "fragmented" because there is no universal security standard. Also, North Korean hackers are good at turning security tools against their users, according to the analyst.
"In the Bybit case, the attackers exploited Safe, a multi-signature wallet system meant to enhance security. Ironically, this added security layer became the very exploit they used," he said.
 And in practice, Das added, "some firms still treat security as an afterthought."
"From my experience, teams often prioritize shipping fast over building secure systems and until that changes, the space will remain vulnerable," Das said.
7 notes · View notes
cryptoking16 · 1 month ago
Text
Why UPB Token is the Next Big Thing in Cryptocurrency
Tumblr media
Cryptocurrency has evolved from a niche investment to a mainstream financial revolution. While Bitcoin and Ethereum dominate the headlines, new tokens with real-world applications are emerging as game-changers. One such asset that is making waves is UPB Token.
What Makes UPB Token Stand Out?
UPB Token isn’t just another digital currency; it’s built on strong fundamentals and innovative technology. Here’s why UPB Token is quickly gaining traction:
1. Speed and Low Transaction Costs
With traditional financial systems and even some cryptocurrencies, transaction fees and delays are a major concern. UPB Token offers near-instant transactions with minimal fees, making it an ideal choice for users and businesses alike.
2. Security and Transparency
Built on a robust blockchain infrastructure, UPB Token ensures top-notch security and transparency. Every transaction is verifiable on the blockchain, reducing the risk of fraud and manipulation.
3. Real-World Utility
Unlike many speculative digital assets, UPB Token has real-world applications. From online transactions to digital contracts, UPB Token is designed for seamless integration into various financial ecosystems.
4. Decentralization and Autonomy
By eliminating intermediaries, UPB Token gives users full control over their finances. This decentralization ensures greater financial freedom and accessibility for everyone, including the unbanked population.
The Future of UPB Token
With growing adoption and a dedicated development team, UPB Token is set to redefine how we perceive and use digital assets. As more businesses and individuals recognize its value, the token’s demand is expected to surge, making it a strong investment opportunity.
How to Get Started with UPB Token
Investing in UPB Token is simple. You can purchase and store it securely in a compatible wallet, trade it on supported exchanges, and even use it for digital transactions. With a bright future ahead, now is the perfect time to explore the potential of UPB Token.
Final Thoughts
The cryptocurrency landscape is evolving rapidly, and UPB Token is at the forefront of this transformation. With its unique features, strong security, and real-world utility, UPB Token is not just another crypto asset—it’s a financial revolution waiting to be embraced.
Join the movement today and be part of the future with UPB Token!
#UPBToken #CryptoRevolution #Blockchain #CryptoInvestment #DecentralizedFinance #FutureOfFinance #Cryptocurrency #Altcoins #CryptoTrading #FinancialFreedom #Tokenomics #CryptoNews #Web3 #DigitalAssets #SecureTransactions #LowFeesCrypto #InvestSmart #CryptoCommunity #CryptoGrowth #NextBigCrypto
2 notes · View notes
dijacrypt · 2 months ago
Text
STON.fi: Driving TON’s DeFi Revolution
Tumblr media
Decentralized finance (DeFi) is redefining financial systems, and on The Open Network (TON), STON.fi is at the heart of this transformation. More than just a decentralized exchange (DEX), STON.fi is fueling critical integrations that are expanding liquidity, enhancing gaming economies, revolutionizing trading automation, and attracting institutional players.
With over $5.2 billion in trading volume, 4 million+ unique wallets, and thousands of new users daily, STON.fi is proving its dominance in the TON ecosystem. But beyond these numbers, it is the strategic integrations and innovations that truly define its impact.
Let’s explore the key milestones and integrations that make STON.fi a force to reckon with in the DeFi space.
Seamless Cross-Chain Transactions with Symbiosis
Interoperability remains a major challenge in blockchain. STON.fi’s integration with Symbiosis solves this by enabling seamless swaps between TON and other blockchains.
This development has:
✅ Expanded TON-based assets’ accessibility across multiple chains.
✅ Made cross-chain swaps cheaper, faster, and more efficient.
✅ Boosted STON.fi’s trading volume and liquidity depth.
Now, TON users are no longer restricted within their ecosystem but can easily interact with assets from Ethereum, BNB Chain, and beyond.
Web3 Gaming Gets a Boost with Elympics
Blockchain gaming is one of the fastest-growing sectors in Web3, and STON.fi has positioned itself at the core of this evolution by integrating with Elympics, a competitive gaming platform.
This partnership allows:
Direct in-game token trading through STON.fi’s swap features.
Liquidity access for TON-based gaming projects.
A streamlined gaming economy where reward tokens can be instantly converted into tradable assets.
With this integration, gaming projects can now operate within a well-structured, DeFi-powered economy.
Enhanced Yield Farming with Farmix
Liquidity provision has always been a key part of DeFi, but STON.fi is taking it further through Farmix, which introduces leveraged yield farming.
Users can now increase their farming rewards on supported pools such as:
✅ STON/USDt
✅ PX/TON
✅ STORM/TON
The ability to leverage positions within liquidity pools means higher yield earnings for DeFi farmers. This solidifies STON.fi’s role as a top liquidity provider on TON.
AI-Powered Trading with Wisdomise
Artificial intelligence is rapidly reshaping financial markets, and Wisdomise has integrated STON.fi’s liquidity pools to enhance DeFi trading automation.
Key features of this integration include:
AI-driven market analysis to optimize trade execution.
Automated limit orders using STON.fi’s deep liquidity.
Advanced risk management tools for precision trading.
With this, traders can automate their strategies while maintaining full control over their portfolios.
Web3 Gaming Economy Expands with TonTickets
Web3 gaming is evolving beyond play-to-earn models, and TonTickets is at the forefront of this shift. By integrating with STON.fi, it brings new possibilities for gamers and projects alike.
This integration allows:
Seamless conversion of in-game rewards into TON-based assets.
On-chain raffles and tournaments with instant payouts.
A robust gaming ecosystem powered by DeFi liquidity.
Gamers and developers now have a trusted platform for in-game economies backed by STON.fi’s liquidity infrastructure.
Institutional Investors Enter the Scene with Zodia Custody
For DeFi to achieve mainstream adoption, it must attract institutional capital. STON.fi has made a breakthrough by integrating with Zodia Custody, a regulated digital asset custody provider.
Key benefits of this integration:
✅ STON becomes the first TON-based token supported by Zodia.
✅ Institutional investors now have a secure way to hold TON-based assets.
✅ Major backers like CoinFund are driving serious capital into the TON ecosystem.
This marks a significant step toward bridging the gap between DeFi and traditional finance.
Multi-Chain Asset Management with Tomo Wallet
Managing assets across different blockchains can be challenging, but STON.fi’s integration with Tomo Wallet has simplified it.
This integration provides:
Direct asset swaps on TON from Tomo Wallet.
A more efficient portfolio management system.
Easier liquidity access, making STON.fi’s services more user-friendly.
Users now enjoy a seamless, all-in-one DeFi experience.
STON.fi SDK: The Backbone of These Integrations
A key factor behind STON.fi’s success is its Software Development Kit (SDK), which enables projects to easily integrate with the platform.
With the STON.fi SDK, developers can:
Integrate STON.fi’s swap engine with minimal coding.
Enable cross-chain transactions seamlessly.
Provide users with a frictionless DeFi experience.
From AI-powered trading to gaming and institutional adoption, the STON.fi SDK is the technology driving DeFi expansion on TON.
Final Thoughts: Why STON.fi is Leading TON’s DeFi Growth
STON.fi isn’t just another decentralized exchange—it’s a foundational pillar of TON’s DeFi ecosystem.
By facilitating cross-chain transactions, powering Web3 gaming, enhancing AI-driven trading, and onboarding institutional investors, STON.fi is proving its long-term value in DeFi.
With its SDK simplifying integrations, STON.fi is ensuring that more projects can tap into its liquidity and expand their offerings.
DeFi is moving fast, and STON.fi is leading the charge on TON. Whether you’re a trader, developer, investor, or gamer, one thing is certain—STON.fi is shaping the future of decentralized finance.
3 notes · View notes
nexusnoah-cc · 2 months ago
Text
🌐 Arweave: The Future of Permanent Decentralized Storage
As blockchain technology evolves, Arweave stands out as a revolutionary solution for permanent data storage. Unlike traditional storage methods, Arweave ensures your data remains secure, immutable, and accessible for generations through its Proof-of-Access (PoA) consensus mechanism.
🔹 Why Choose Arweave?
✅ Permanent Storage – Your data is stored forever on the Permaweb
✅ Decentralized Security – No single point of failure
✅ Eco-Friendly Consensus – Sustainable blockchain model
✅ Supports dApps & DeFi – Beyond just storage
💰 Powered by the AR Token With a capped supply of 66 million, the AR token fuels the network, incentivizing data storage while maintaining an efficient and scalable ecosystem.
📌 Bridging Ethereum to Arweave
Want to move your Ethereum assets to Arweave? Platforms like @rocketxexchange make it seamless:
1️⃣ Connect your wallet (MetaMask, Trust Wallet, etc.)
2️⃣ Select Ethereum as the source & Arweave as the destination
3️⃣ Enter the amount & your Arweave wallet address
4️⃣ Review details & confirm the transaction
5️⃣ Check your wallet – your assets are now on Arweave!
🔐 Top Wallets for AR Storage
✔ ArConnect – Noncustodial & browser-friendly
✔ Lightweight & open-source
✔ Ledger – Best for hardware security
With Arweave’s game-changing capabilities, the future of decentralized storage is here. Whether you're a developer, investor, or blockchain enthusiast, now is the time to explore the power of permanent data storage.
#Arweave #Blockchain #Crypto #DecentralizedStorage #Web3 #Ethereum #CryptoInvesting
Click on:
4 notes · View notes
blockchainxtech · 3 months ago
Text
Top 6 Cryptocurrency Exchange Clone Scripts you should know in 2025
In thi Article about Top 6 Cryptocurrency Exchange Clone Scripts you should know in 2025, Read it out.
Tumblr media
What is Cryptocurrency Exchange
To purchase, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin, you go to an online marketplace called a cryptocurrency exchange. Cryptocurrency exchanges work much like stock exchanges, except instead of issuing or trading stocks, you trade digital currencies.
In simple terms, it’s where Buyers and sellers meet to exchange cryptocurrencies. You can buy cryptocurrency with ordinary money (such as dollars or euros) or swap one cryptocurrency for another. Some exchanges allow you to store your crypto in secure wallets held on the platform.
There are two main types:
Centralized exchanges (CEX)
Decentralized exchanges (DEX)
What is Cryptocurrency Exchange Clone Script
The Cryptocurrency Exchange Clone Script is a ready-made program that simulates the technical features and functionality of popular cryptocurrency exchanges such as Binance, Coinbase, Kraken, or Bitfinex. Compared to developing from scratch, the clone scripts significantly ease and shorten the time required to set up a cryptocurrency exchange network for an aspiring entrepreneur and firms.
These sort of scripts are somewhat equipped with all the basic features to run a cryptocurrency exchange, like user account management, wallet integration, order book, trading engine, liquidity management, and options for secure payment gateways. The whole idea of a clone script is to give you something out-of-the-box that can be customized, thus allowing you to skip the whole painful development process but still be able to modify the script to suit your needs.
Top 6 Cryptocurrency Exchange Clone Scripts
There are many clone scripts for cryptocurrency exchange development, but here are the top 6 of the cryptocurrency exchange clone script.
Binance clone script
Coinbase Clone Script
Kucoin Clone Script
Paxful Clone Script
WazirX clone script
FTX Clone Script
Binance clone script
A Binance clone script is a Pre-made software that is almost ready for use to create your own cryptocurrency exchange platform, along the way simulating Binance, one of the largest and most popular exchanges in the world. This “clone” is a reapplication of some of the features and functionality of Binance, but it can allow for some level of customization depending upon your particular brand and need.
Key Features:
User Registration and Login
Multi-Currency Support
Trading Engine
Multi-Layer Security
Admin Dashboard
Wallet Integration
KYC/AML Compliance
Liquidity Management
Mobile Compatibility
Referral and Affiliate Program
Trading Fees and Commission Management
Live Market Charts and Trading Tools
Coinbase clone script:
The Coinbase clone script is a ready-made solution that allows you to set up a cryptocurrency exchange platform exhibiting features and functionalities similar to the world’s most popular and user-friendly crypto exchange, Coinbase. These scripts are bundled with all the necessary features to run an exchange while still offering ample customization to cater to your branding and business requirements.
Key Features:
User Registration and Account Management
Fiat and Crypto Support
Secure Wallet Integration
Quick Buy/Sell Functionality
Multiple Payment Methods
P2P Trading
Admin Dashboard
Launchpad Functionality
Staking Feature
KYC/AML Compliance
API Integration
Kucoin Clone Script
A KuCoin clone script is a ready-made software solution replicating all functional attributes and operational features of the KuCoin, which can also be customized according to your brand name and business requirement specifications. Fast and feasible for launching your crypto exchange, the idea is to save yourself from the headaches of developing everything from scratch.
Key Features:
Spot trading
Margin trading
Future trading
Crypto derivatives
Advanced security transactions
Escrow protection
User registration
Wallet integration
Advanced analytics
Currency converter
Paxful clone script
A Paxful clone script is a ready-Made platform for opening a peer-to-peer cryptocurrency exchange for users to trade Bitcoin and other cryptocurrencies directly among themselves without any intermediaries. The script replicates the core features of Paxful operated using its server; you can customize it to your brand and business needs.
Key Features:
Secured Escrow Service
Multi Payment Processing
BUY/SELL Ad posting
Real-Time Data
Referrals & Gift Card options
Multi Language Support
Online/Offline Trading
Cold/Offline Wallet Support
FTX Clone Script
An FTX clone script is a ready-made software solution that will allow you to set up your own cryptocurrency exchange like FTX, which was formerly one of the largest crypto exchanges globally before going under in 2022. This script mimics the core features of FTX, such as spot trading, derivatives, margin trading, token offering, etc., so that you can fast-track the launch and operations of your own exchange with customizable branding and features.
Key Features:
Derivatives Trading
Leveraged Tokens
Spot Trading
User-Friendly Interface
KYC/AML Compliance
Staking Functionality
WazirX clone script
A WazirX Clone Script is a pre-made software solution for the creation of your cryptocurrency exchange platform akin to WazirX, one of the top cryptocurrency exchanges in India. The clone script replicating the essential elements, functionality, and WazirX’s user experience enables you to swiftly put together a fully fledged cryptocurrency exchange that would accept a number of digital assets and trading features.
Key Features:
Escrow protection
KYC approval
Trading bots
User-friendly interface
Stunning User Dashboard
SMS Integration
Multiple Payment Methods
Multiple Language Support
Benefits of Using Cryptocurrency Exchange Clone Scripts
The use of a cryptocurrency exchange cloning script entails great advantages, particularly if one is keen on starting an exchange without having to do the full development from scratch. Below, I have listed the primary advantages of using cryptocurrency exchange cloning scripts:
Cost-Effective
Quick and Profitable Launch
Proven Model
Customizable Features
Scalability
Multi-Currency and Multi-Language Support
Low Development Cost
Continuous Support and Updates
Why Choose BlockchainX for Cryptocurrency Exchange clone script
In the opinion of an entrepreneur set to develop a secure, scalable, and feature-loaded cryptocurrency exchange clone script, BlockchainX is the best bet. Since BlockchainX provides a full-fledged solution that replicates the features of flagship cryptocurrency exchanges such as Binance, Coinbase, and WazirX, the entrepreneur gets all the additional features required practically out of the box. With the addition of certain basic offerings such as spot trading, margin trading, and peer-to-peer (P2P) capabilities along with more advanced ones like liquidity management and derivatives trading, BlockchainX provides a holistic set of solutions to carve out an exchange rightly fitted for newbies and pros alike.
Conclusion:
In conclusion, the Top 6 Cryptocurrency Exchange Clone Scripts in 2025 are high-powered and feature-rich solutions which any enterprising spirit would find indispensable if they were to enter the crypto market very quickly and efficiently. Whether it be a Binance clone, Coinbase clone, or WazirX clone-these scripts offer dynamic functionalities that enhance trading engines, wallets, KYC/AML compliance, and various security attributes.
Choosing the right clone script, such as those provided by BlockchainX or other reputable providers, will give you a strong foundation for success in the dynamic world of cryptocurrency exchanges.
2 notes · View notes
samdrews · 10 months ago
Text
Bitcoin (BTC) gained significant momentum this week, pushing toward a $1 trillion market cap. Trading over $23,000 and approaching $23,500, Bitcoin leads the crypto market surge.
Cryptocurrencies prices heatmap, source: Coin360
Altcoins also saw strong gains despite Bitcoin dominating the spotlight. Ethereum (ETH) remains above $1,500, while Ripple (XRP) is up 1.60% at $0.4165, and Polkadot (DOT) has risen 2.42%.
Altcoin season is evident with Cardano (ADA), Binance Coin (BNB), Litecoin (LTC), Bitcoin Cash (BCH), and Chainlink (LINK) all recording minor gains. The overall crypto market capitalization has surged past $1 trillion, though Bitcoin’s dominance has dropped to 41.17%.
Top gainers include GALA, up over 27%, and other strong performers like Trust Wallet Token, Avalanche, Enjin Coin, Flax Share, and GMX token, each gaining over 10%.
Top gainers and losers of the day: CoinMarketCap
Despite Genesis Capital’s bankruptcy on Jan. 19, the market sentiment remains bullish, with investors continuing to enter the crypto space. Over the week, market capitalization climbed 7%, and 11 of the top 80 coins saw gains of 18% or more.
Bitcoin price analysis
Bitcoin is at $23,003.26, up 0.13% in the last 24 hours, with a market cap of $444.7 billion. Bitcoin has risen 36% over the past 30 days, with support at $22,200 and resistance at $24,000. Trading above the 21-day EMA, Bitcoin shows bullish control, with the RSI above 50 and a positive MACD indicating potential sideways trading before another move.
Ethereum Price Analysis
Ethereum is trading at $1,591.12, consolidating above $1,500 despite a slight dip. Its market cap is $186 billion. Up over 33% in the past 30 days, Ethereum shows bullish sentiment. Support is at $1,540 and resistance at $1,620. A stagnant triangle pattern suggests an imminent directional move, with the RSI neutral and MACD bullish. The Stochastic RSI in the overbought zone indicates a potential pullback before further gains. Overall, the sentiment remains positive for ETH.
In January's final week, the market cap surpassed $1 trillion, while Bitcoin’s dominance rose.
3 notes · View notes
ada-crunch · 1 year ago
Text
Comparing a Scam Token to Cardano? The Ridiculous Story of Retik Finance
Tumblr media
Read the original article HERE.
A lot of recent articles have been talking about a new cryptocurrency called “Retik Finance.” Make no mistake, Retik Finance is obviously a scam. Do not interact with their website and do not send them any of your crypto. Normally, I would just ignore these obvious scam, but what surprised me today was that my google news feed suggested an article with this ridiculous headline:
Tumblr media
A quick look at their website (which I will not link here to prevent any potential reader from being scammed themselves) and it is obvious that Retik Finance is a scam.
The scam token is being featured in a lot of articles on small-time Indian news outlets. The articles are vague, misleading, and oftentimes just outright wrong. Take this little snippet from one of these articles:
Tumblr media
The article claims that a 2.65% price dip invalidates Cardano as a leader in “evolving crypto landscape.” This is absolutely preposterous. A 2.65% price dip is completely insignificant and a token’s price is not indicative of a cryptocurrency’s underlying technology. A token’s price only represents the demand from buyers for a token in a marketplace.
Taking a look at their website is also hilariously ridiculous. The first thing you are greeted with is a presale that asks you to connect your wallet. Again, please do not connect your wallet to this:
Tumblr media
They also display the address for their token. Which, oddly enough, is an ERC20 token. So their claims of low-fee transactions are blatantly false, anything transaction on the Ethereum blockchain carries a hefty fee (I took the liberty to check the etherscan page and found that a transfer of Retik tokens cost around $5–6 in Ethereum per transaction, which is obviously not cheap).
Tumblr media
The token’s etherscan page is even more hilarious. There are only 8 holders of all Retik tokens and all 8 of those holders are likely the same person. Take a look at the screenshot below:
Tumblr media
Those percentages show how much of the total supply of Retik tokens are owned by each wallet. See how those numbers are all nice, pretty numbers that end in zeros? Yeah, it’s definitely unnatural and are all likely the same person (not to mention the top wallet owns 40% of the total supply).
Scrolling down further on their website reveals some more nonsense.
Tumblr media
They claim to be audited, have a KYC process, and a whitepaper. KYC for a cryptocurrency? That sounds really counter-intuitive.
The audit button leads to this audit report, which already claims Retik is a “high risk” and that the creator of Retik can blacklist any account and has the ability to enable/disable trades. This is another a red flag to add to the list.
The KYC button just goes to a page that says KYC is pending:
Tumblr media
The whitepaper is extremely vague, uses a lot of buzzwords, and doesn’t discuss any type of technology at all. It's an embarrassing collage of buzzwords attempting to look authentic.
Going back to the original article, if you scroll to the bottom, you’ll find this little disclaimer:
Tumblr media
Neither the author nor the website (ThePrint, an Indian news outlet) will take responsibility for the the content of this outrageous article. Typical.
Retik Finance is a laughably dumb scam. The fact that people still fall for these kinds of scams is something I still don’t understand. But google suggesting these kinds of articles in my feed? That’s even more outrageous. Google must have some kind of basic process to filter out these kinds of scummy articles. Because of Google’s complacency, so many more people will be exposed to these scams.
In short, Retik Finance is nothing compared to Cardano. Retik Finance will never replace Cardano. Retik Finance is a scam. Don’t fall for scams. Google needs to get better at not suggesting scam articles in news feeds to users.
If you enjoyed reading this, consider following/clapping. It helps a lot! Need help with crypto gas fees? Go here: https://www.reddit.com/r/CryptoGasFees/
ADA Crunch
3 notes · View notes
questglt · 1 year ago
Text
Certainly! Here are some cryptocurrency wallet development companies based in the USA:
Coinbase: A leading cryptocurrency exchange that also offers a wallet service.
Blockchain.com: Provides a popular cryptocurrency wallet and blockchain explorer.
Gemini: A cryptocurrency exchange and custodian that offers a secure wallet.
Edge (formerly Airbitz): Offers a user-friendly cryptocurrency wallet with a focus on security and privacy.
Exodus: Provides a multi-cryptocurrency wallet with a sleek design and intuitive interface.
BitGo: Offers institutional-grade cryptocurrency custody and wallet solutions.
BRD: Formerly known as Breadwallet, it offers a simple and secure mobile cryptocurrency wallet.
Coinomi: A multi-asset cryptocurrency wallet with a strong focus on privacy and security.
MyEtherWallet (MEW): Specializes in Ethereum and ERC-20 token wallets, offering both web and mobile versions.
Trezor: Known for its hardware wallets, Trezor offers secure cold storage solutions for cryptocurrencies.
These companies are among the prominent players in the cryptocurrency wallet development space within the USA.
2 notes · View notes
fromdevcom · 27 minutes ago
Text
It is a general consensus that apps need to get downloaded to your mobile or other smart devices and some good and featured apps always come with spending money. Do you know that you can also earn money through an app? That’s right. There are some simple tasks like completing surveys and offers or just using an app can help you earn a few bucks. Of course, you cannot make a living out of such apps. However, they can be a good way to generate some extra pocket money or at least get some good amount of cash to pay your gym fee or buy the paid apps. These apps come under the entertainment or gaming field of Mobile App Development, where you can really enjoy the technical fascination with earning money. Here follow some apps in the list given below that will surely help you earn money and rewards for free. 1.  Coinbase: Earn and Trade Cryptocurrencies Coinbase a highly trusted platform for trading crypto currencies. It gives free crypto currencies for joining as well as for learning about new currencies. A recent promo on Coinbase can make fromdev readers earn Bitcoin worth $10 when they join using this link. The platform also offers more option to earn frequently in the form of various cryptocurrencies. Coinbase is availble on web and mobile platforms. 2. Bitmaker Free Bitcoin Do you want to invest in free Ethereum or Bitcoins? The Bitmaker Free Bitcoin app that is now known as Storm Play can be helpful in this regard. Here, you get paid in terms of blocks that can further be exchanged for Bitcoins in every 30 minutes. You just have to watch an ad while collecting your block’s allocation. The payout percentage is less and the payment is made on a Saturday while you are reaching the threshold. However, this changes depending upon the trading prices of the cryptocurrency. To collect Bitcoins, you should have a Bitcoin wallet and a separate wallet if you are going to collect Ethereum. Bitcoin wallets can be found online and sign up easily. 3. American Consumer Opinion It is also known as ACOP that is among the top class iOS apps that pay their users best. American Consumer Opinion, also known as ACOP, is the best iOS app that pays you, however, it is only available on Apple devices, unfortunately. Developers are trying to extend it to Android and eventually will sometime later, it is expected to retain its popularity then as well, as the best paying app. ACOP, as a leading survey panel app, is famous for best paying surveys for the people living in the US, UK, and Canada. The app comprises a decent interface and can be used straightforwardly. If you have already subscribed the app, you will be notified through alerts as an invitation to participate in a survey. Here, you are open to choose a variety of rewards upon pay-outs and out of them, PayPal cash is termed as the best choice reward. 4. CashPirate App CashPirate has ranked on top consecutively for 5 years in this list and has been one of the favorite apps of the users due to offering reliable payouts. This app helps you earn at least an average of $15-50 per month in terms of Bitcoins, PayPal cash and Amazon Vouchers. PayPal cash minimum payout is $2.50 and you can earn points in this app just by downloading the new apps and completing offers. You can earn money through this app by watching videos, but the only limited number of videos are available for you to watch in this case. The referral program offered here is probably the best among all where you get 10% as referral earnings and 5% of your referrals refer someone else. The extremely dated interface of this app surely attracts the users. They always pay on time and hardly had any issue related to making payments with anyone. The interface of this app is extremely dated when compared to others. 5. App Karma App Karma has recently reached among the top paying apps where users can earn daily rewards using their smartphones. Till today, more than 1 million installations are confirmed of this app and very soon it has become the most popularly downloaded app for free from the Google Play Store.
The iOS version of the app is also available for free download. 5% points are earned back to you while you are redeeming your rewards through this app. Gift cards are available worldwide for the global audiences. PayPal cash, Amazon gift cards, Google Play gift cards and Starbucks vouchers are included in the rewards list. 6. Make Money – Tap Cash Rewards It is another good Android App that pays money for downloading free games and apps to your smartphone and sign up for free offers. It is a reliable app and ranks on top among 50,000 apps on the Google Play store has the 5-star rating. The app is worth downloading. Tap cash rewards are pretty impressive in comparison to some of its rivals, where 15 rewards are given to the users including PayPal cash, Amazon gift cards, Google Play gift cards and paysafecards. 7. Highest Paying App – Earn Money Earn Money app is the most respected app among its counterparts. Here, you can earn money in different ways including free offers, download free apps, answering surveys and be registering to paid websites etc. Earn Money pays $0.25 per referral and only PayPal rewards are facilitated where you can get the money credited to your account within 24 hours only. The 4.3-star rating makes it among the most reliable apps on the Android platform. 8. MintCoins MintCoins is a slow paying, but reliable source where you can earn a minimum of $1 payout and $0.25 for each referral. Rewards are paid through PayPal for free app downloads, completing offers and answering surveys. When you are looking for money and pass your time, it will be the best app to spend time with. 9. Watch & Earn App This money making app was set for sale in 2016. It is a really good paying app where the users are paid for watching videos and downloading apps. You can take various offers here and earn coins for completing them. You can exchange coins forwards including mobile top up. PayPal cash, Steam Vouchers and Amazon vouchers etc. are famous rewards from this app. 10. Make Money Earn Free Cash App It also ranks among the popular apps that have over 1 million installations. It owns 4.6 rating in the Play Store and is retaining its place among the top-notch apps in the market. A number of ways are there to earn using this app, it can be slow or tedious. However, the rewards here can be earned by filling in surveys, watching videos and benefitting with the free trials. PayPal is the only way to get the rewards in return that seems the best things here. 11. PanelPlace App PanelPlace app has been the best paying app last year and is doing really great this year as well. It is a 100% survey based app where the surveys are provided from the popular survey site Toluna. This app comprises a pleasant user interface and is very simple to use. Also, this app will never let you miss any survey as you get regular notifications of the new panels. Generally, their surveys are simple to answer where highest payouts are offered to the users in the survey panel market. You can either sign up through a website or sign in on your smartphone once after completing registration. Summary Money making apps are always eagerly welcomed by the app users in today’s world of technology. Apart from the list of top-class apps in this category, Kunsh Technologies also offers the best mobile app development services to their clients worldwide.
0 notes
daniiltkachev · 1 day ago
Link
0 notes
addton · 1 day ago
Text
AddTon: TONCOIN Project Overview
TONCOIN ARBITRAGE TRADING AND APY STAKING PROGRAM based on the work of Dr. Nikolai Duro
Tumblr media
Abstract :
The Open Network (TON) is a fast, secure and scalable blockchain and network project, capable of handling millions of transactions per second if necessary, and both user-friendly and service provider–friendly. We aim for it to be able to host all reasonable applications currently proposed and conceived. One might think about TON as a huge distributed supercomputer, or rather a huge super server, intended to host and provide a variety of services. This text is not intended to be the ultimate reference with respect to all implementation details. Some particulars are likely to change during the development and testing phases.
About TONCOIN Blockchain :
Blockchain Name: The Open Network (TON Blockchain)
Founders: Pavel Durov (Founder of Telegram) and Nikolai Durov (Chief Architect)
Initial Development: 2018–2019 (transitioned to a community-led project after regulatory issues)
Token Symbol: TON
Blockchain Type: Layer-1 (Comparable to Ethereum, Solana)
Consensus Mechanism: Proof-of-Stake (PoS)
Special Note: Nikolai Durov designed the blockchain’s technical foundation: Infinite sharding, vertical scaling, instant payments.
TONCOIN Ecosystem Overview
Wallets: Telegram Wallet (integrated), Tonkeeper, Tonhub, OpenMask, MyTonWallet
DEX Platforms: STON.fi, Dedust.io, Megaton Finance
Browser Extensions: Tonkeeper Extension, OpenMask Browser Wallet
Web3 Applications: TON DNS, TON Storage, TON Sites, Telegram Wallet Bots
Gaming Initiatives: TON Punks, Fanton Fantasy League, Tap Fantasy Game, StormTrade (gaming and trading dApp)
NFT Marketplaces: Getgems.io, TON Diamonds, Disintar.io
Other Projects: TON Proxy, TON Payments, TON Wallet Bots, Open League (Gaming)
TONCOIN Global Market Position:
Listed on: Binance, OKX, KuCoin, Bybit, MEXC, Huobi, etc.
Market Presence: Active in 340+ markets globally.
Ranking: Consistently Top 15 on CoinMarketCap and CoinGecko
Daily Trading Volume: Exceeds $100 million.
Blockchain Industry Comparison:
Tumblr media
How Addton.io Arbitrage Trading Works:
Focus Asset:
Addton.io only works on TONCOIN.  Trading pair: TONCOIN/USDC (uses price gaps between TON and USDC)
Trading Platforms:
Trading happens only on decentralized exchanges (DEX)
STON.fi
Dedust.io
AI-Powered Arbitrage Bot:
A specialized AI trading bot has been developed. The bot monitors real-time TONCOIN prices across both exchanges.
Price Difference Capture:
When there is a price difference (example ) If the STON.fi TON price = $2.00 and the Dedust.io TON price = $2.05, then the bot automatically buys from the lower price exchange (STON.fi) and sells at the higher price exchange (Dedust.io).
Profit Generation:
Through this buying-selling cycle, organic profit is generated (without speculative risk). No leverage, no betting — only real price gap arbitrage.
Daily Operations:
The bot remains active from Monday to Friday (Saturday–Sunday off). Profits are distributed daily to staking participants.
Security:
There is no centralized risk, as trading occurs only through decentralized (on-chain) DEXs.
Program Launch and Ecosystem & Partnership:
Endorsed by the TON Blockchain community.
Supported by the Tapmoon Ecosystem.
Launch of The Open Network Classic Blockchain:
Native Token: TONCOIN Classic (CTON)  Ticker: CTON  Launch Price: $0.003  Participants will receive CTON tokens equal to their staking package value
Income Distribution and Incentives:
Participants will benefit from:
Daily arbitrage profits credited in TONCOIN.
CTON token bonus matching the staking package.
Special promotions and rewards in TAPS Token.
Risk Mitigation and Client Protection
TAPS Token Compensation
In case of trading losses, TAPS Tokens will be awarded.
Guaranteed CTON Tokens
Regardless of trading performance, CTON tokens will be distributed, securing future asset value.
Project Name Description:
Project Name : Description TON DNS : Web3 domain naming system  TON Proxy : Decentralized VPN and privacy services  TON Storage : Blockchain file storage  TON Sites : Decentralized web hosting  TON Payments : Layer-2 micropayment solutions  STON.fi : Largest DEX on TON  Dedust.io : Major decentralized exchange  Megaton Finance : DeFi trading platform  Getgems.io : NFT marketplace TON Diamonds : Premium NFT marketplace  Disintar.io : NFT creation and trading platform  Fanton Fantasy League : Fantasy sports gaming Tap Fantasy : Game Metaverse gaming  Storm Trade : Trading and gaming hybrid dApp  Open League : Decentralized esports and gaming platform
Why Choose Addton TONCOIN Staking Program?
Built on Telegram’s original blockchain vision (Pavel and Nikolai Durov)
Pure AI-based decentralized arbitrage trading.
Daily profits + bonus rewards in TONCOIN, CTON, and TAPS.
Dual protection model for user assets.
Integrated with Tapmoon Ecosystem.
Strong and growing TON Blockchain ecosystem support.
Website | twitter(X) | Telegram | Reddit | Facebook | Youtube
1 note · View note
jameshal · 1 day ago
Text
Solana meme coin: Is Solana better than Ethereum?
In recent years, meme coins have become very popular in the crypto world. These coins are often made as jokes or fun internet ideas, but sometimes they grow into valuable digital coins. Most meme coins started on Ethereum, but now many new ones are being made on Solana, a fast-growing blockchain.
This brings up a common question: Is Solana better than Ethereum? Let’s look at both to understand more.
What Is a Meme Coin?
A meme coin is a kind of cryptocurrency that usually starts as a joke or a trend from the internet. The most famous one is Dogecoin, made in 2013 with the image of a Shiba Inu dog. Later, coins like Shiba Inu and Pepe Coin became popular too.
These coins usually don’t have strong technology behind them. Instead, they become popular because people talk about them on social media, and sometimes celebrities support them. This hype helps the coins grow in value.
Why Are Meme Coins on Solana Becoming Popular?
For a long time, Ethereum was the main place for meme coins. But now, many new meme coins are being launched on Solana because it has some big advantages:
1. Lower Fees
On Ethereum, sending or trading coins can cost a lot—sometimes $10 or more. On Solana, it usually costs less than a cent. This is much better for people who want to trade without paying high fees.
2. Faster Speed
Solana is much faster than Ethereum. It can handle thousands of transactions per second, while Ethereum only handles 15 to 30. This makes Solana better for quick and busy trading, which is common with meme coins.
3. Easy Tools and Apps
Solana has useful apps like Phantom Wallet and Jupiter Exchange that make it easy for users to buy and sell coins. These tools are simple to use and good for people new to crypto.
Examples of Meme Coins on Solana
Here are some popular meme coins on Solana right now:
BONK: One of the first meme coins on Solana. It was given away for free to many users and became popular quickly.
WIF (dogwifhat): Based on a meme of a dog wearing a hat. People like it for its humor and strong online community.
SMOG: A coin with a dragon and fantasy theme. It mixes fun ideas with smart branding.
These coins don’t have advanced technology, but they work well because Solana is fast and cheap to use.
Is Solana Better Than Ethereum?
That depends on what you’re looking for. Both platforms have good and bad sides.
Solana’s Good Points:
Very low fees
Fast transactions
Great for meme coins and small trades
Easy-to-use apps
Solana’s Weak Points:
Fewer developers than Ethereum
Some network issues in the past
Not as tested or trusted yet
Ethereum’s Good Points:
Large developer community
Very secure and trusted
Most popular for apps like NFTs and DeFi
Ethereum’s Weak Points:
High gas fees
Slower transactions
Can be harder for beginners
So, while Solana is cheaper and faster, Ethereum is more secure and well-known. Right now, Solana seems better for meme coins because it’s easier and quicker to trade small coins.
What Should Investors Know?
If you want to invest in meme coins, here are some simple tips:
Learn before you buy: Meme coins can be fun but risky. Prices can go up or down quickly.
Be careful: Some coins are scams. Don’t trust every new project.
Don’t spend too much: Only use money you’re okay with losing.
Use good wallets and exchanges: For Solana, Phantom Wallet is popular. You can trade meme coins using Jupiter or Raydium.
Final Thoughts
Meme coins are a fun and crazy part of the crypto world. Solana meme coin development is becoming a top choice for these coins because it’s fast, cheap, and easy to use. This makes it a great place for people who want to trade meme coins without spending a lot on fees.
But Ethereum is still strong and trusted, especially for big apps and long-term projects.
0 notes
crypto-badger · 2 days ago
Text
Midas of DeFi: Where Real Gold Meets On-Chain Income and Web3’s First RecruitFi Protocol
Tumblr media
In a digital finance world bloated with broken tokenomics and overhyped narratives, Midas of DeFi ($MIDAS) is cutting through the noise—offering a product that’s as elegant as it is powerful: daily payouts in real gold ($PAXG) and Ethereum (ETH), all running permissionlessly on smart contracts.
No staking. No farming. No hidden dashboards. Just logic, code, and a compelling question:
What if your wallet could reflect the value of gold ($PAXG) and print ETH—without lifting a finger?
The Foundation: Real Yield, Real Gold ($PAXG)
Midas redefines passive income in DeFi with a 5% transaction fee split that turns market activity into meaningful rewards:
2.5% goes to PAXG reflections—tokenized, real-world gold ($PAXG), delivered directly to holders.
2.5% supports development, ETH referral payouts, and ecosystem expansion.
There are no lockups or middlemen. If you hold $MIDAS, you earn gold ($PAXG) directly to your wallet. The more volume, the more reflections. It’s simple, scalable, and fully verifiable on-chain.
RecruitFi: The Smart Contract System That Pays in ETH
Enter The Golden Circle—Midas’ Web3-native referral system that automates daily ETH commissions through a 10x10 matrix. Midas calls it RecruitFi, a transparent and decentralized upgrade to legacy network marketing models—powered entirely by smart contracts.
Here’s how it works:
Hold at least $100 worth of $MIDAS.
Register once to receive your unique referral link.
Build your downline—up to 10 levels deep.
Earn daily ETH, calculated and distributed every 24 hours.
No dashboards faking numbers. No team wallets freezing payouts. Just volume = rewards, all verifiable on-chain.
One Protocol. Three Income Rivers.
MIDAS isn’t just a token—it’s a living system of wealth flow.
Every transaction fuels three distinct streams of income:
Price Growth – As the MIDAS ecosystem expands, demand rises, and so does the value of your holdings.
Gold ($PAXG) Reflections – Tokenized gold flows passively to holders from every trade. Real yield, not vapor.
ETH Commissions via RecruitFi – Share your link, grow your network, and earn ETH daily—on-chain, permissionless, unstoppable.
Three streams. One protocol. All working in sync to reward the early, the bold, and the builders.
Platform Tools: Built to Educate, Empower, and Scale
To support growth, Midas has rolled out a suite of tools for users of all experience levels:
Gold ($PAXG) Market Tracker — Real-time price feeds from HyperliquidX + macro AI insights.
Trading Terminal — Swap, view LP stats, and track your downline all in one place.
AI Leaderboards — Gamified rankings show top recruiters and earners.
Education Hub — Designed to onboard normies and guide users through the world of gold ($PAXG), DeFi, and RecruitFi.
Coming Q2 2025: AURUM – The Gold ($PAXG) Market AI Agent
Midas is set to launch Aurum, an AI-powered trading assistant focused on the gold ($PAXG) market. Built to serve both traders and passive earners, Aurum bridges off-chain intelligence with on-chain action.
Key Features:
Technical trend alerts using RSI, MACD, and volume data.
Sentiment analysis from financial media and social platforms.
Predictive insights on how macro gold ($PAXG) moves affect MIDAS volume and rewards.
Education modules to help users hedge inflation and diversify intelligently.
Aurum will integrate directly into the Midas dashboard, Telegram bot, and eventually Virtuals.io.
Honest About Incentives—And Better For It
Let’s face it: most DeFi projects rely on circular mechanics without admitting it. Midas takes a different path—it embraces the network effect openly, while delivering real utility and maintaining full transparency through smart contracts.
It’s not a promise. It’s code.
Why Gold ($PAXG)? Why Now?
With fiat currencies faltering and global instability rising, gold ($PAXG) is reclaiming its position as the world’s most trusted asset. But while others tokenize it for storage, Midas makes it productive—feeding a DeFi engine that pays you in gold ($PAXG) and ETH.
It’s hard money meets smart contracts.
Final Word: A Rare Fusion of Degen Energy and Economic Logic
Whether you’re here for the passive yield, the ETH commissions, or just love the idea of your portfolio earning real gold ($PAXG) on autopilot—Midas is turning heads for the right reasons.
It’s clean. It’s auditable. And yes—it pays.
Midas just redefined the on-chain hustle. Welcome to RecruitFi.
Official Links:
Website: https://midasofdefi.xyz Twitter/X: https://x.com/midasofdefi Telegram: https://t.me/midasofdefi Smart Contract: 0x5accb2e5c22d84bc2e34decd9b769a0c46b0deba
0 notes
stomhardy · 2 days ago
Text
Create a Cryptocurrency Exchange Software Like Uniswap
Introduction
Emergence of Decentralized Exchanges (DEXs) has completely changed the world of cryptocurrency trading like nothing before. Among them is Uniswap, which marks the beginnings of this innovation. Uniswap, unlike traditional centralized exchanges, does not use intermediaries and instead allows users to trade cryptocurrencies directly from one another in a trustless environment for trade. The innovation has opened new gates in a more accessible, transparent, and secure crypto space and inspired many to develop platforms like it. This article explains the essentials of building a cryptocurrency exchange software similar to Uniswap, aimed at serving as an all-in-one guide for visitors who seek to step into this lucrative field.
Tumblr media
Understanding How Uniswap Works?
The revolutionary thing about Uniswap with respect to a cryptocurrency exchange is in its use of Automated Market Makers (AMMs). Instead of staunchly depending on order books in matching sellers and buyers, Uniswap uses liquidity pools. These pools are merely smart contracts containing reserves of two various tokens. These tokens can be traded against the liquidity pool directly by users rather than matching orders. Token prices, in this instance, are set through a formula. The system provides for smooth and permissionless exchange where anyone is able to exchange tokens without brokers. Liquidity providers stand to benefit from providing tokens into the pools and therefore receive fees according to the contribution. Such new models can then offer constant liquidity and thus enable users to exchange smoothly from their side. For entrepreneurs or developers wishing to create crypto exchange platform solutions, Uniswap's AMM-based model provides a strong, decentralized template.
Key Features to Include in Your Uniswap-like Exchange
Several features are considered top priorities when developing a Uniswap-like exchange. Central to them is the Automated Market Maker mechanism that enables token swapping through pool liquidity and a pricing algorithm. Additional must-have features include liquidity provisioning, which allows users to contribute their tokens to the pools to earn fees. The site should also have a user-friendly interface for a truly intuitive experience of traders and liquidity providers. Seamless wallet integration should be placed such that users can connect it with their choice of wallets such as MetaMask for interacting with the exchange. An ideal exchange should support as many tokens as possible for users to achieve a wider audience, particularly on the ERC20 tokens on Ethereum. Security measures, such as smart contract audits, should fortify the platform against loss of users' funds and may protect the integrity of the platform.
Essential Technologies for Building a Decentralized Exchange (DEX)
The architecture required to build a DEX such as Uniswap involves a very potent technology stack. Blockchain is the foundation on which decentralized transactions rest, and Ether is by far the commonest and best-prepared smart contact platform. Smart contracts are the self-executing agreements that regulate the working of the exchange, automating the token swap, managing pools of liquidity, and paying out fees. An application front-end such as React is needed in order to construct an easy-to-use interface so users can use the smart contracts. Web3 libraries, i.e., Ethers.js or Web3.js, provide means of communication between the front-end and the blockchain to enable wallet connection and sending transactions by the user. Ultimately, decentralized storage like IPFS may be used to store information and provide censorship resistance.
Step-by-Step Process to Develop a Uniswap-like Platform
It takes a process to create a Uniswap-like platform.
Define Project Scope and Goals - Clearly state why your DEX exists. What particular niche does it fill? What distinctive capabilities will it possess? Who are your users? Are you catering to veteran traders, newcomers, or a targeted group?
Select a Blockchain Platform - Pick a blockchain network that supports your project's needs. Ethereum is well-liked because of its large developer base and well-established ecosystem, but other options like Binance Smart Chain, Solana, or Polygon can be considered for scalability and reduced transaction fees.
Design and Develop Smart Contracts - Smart contracts form the foundation of your DEX, and therefore their design and creation are paramount. Apply the Automated Market Maker (AMM) logic, which defines how tokens are priced and traded. Create contracts for managing liquidity pools, enabling users to add and subtract liquidity.
Create a User-Friendly Front-End Interface - Design a user-friendly and easy-to-use interface by which users can interact with the DEX. Include features like:
Token selection and input fields for specifying trade amount
Real-time price updates and previews of trades
Liquidity pool management interfaces
Test and Audit the Platform - Thorough testing is essential to validate the functionality, security, and performance of the platform. Perform unit tests, integration tests, and end-to-end tests to ensure all parts function as intended.
Deploy the DEX - After the platform has been extensively tested and audited, it can be deployed to the target blockchain network. Use best practices for deployment to provide a seamless and secure launch.
Ongoing Maintenance and Updates - Regularly check the performance of the platform and resolve any issues that come up. Keep the platform updated with the latest security patches and enhancements. Respond to changing market conditions and user feedback by introducing new features and functionalities.
Cost Breakdown: How Much Does It Take to Build a DEX?
The price of creating a DEX such as Uniswap can be quite different based on a range of factors. Smart contract development is the largest cost since it demands specialized training to provide security and effectiveness. Front-end development prices are determined by the sophistication of the user interface and implemented features. Security audits are critical because they would head to the exposure of any potential vulnerabilities and would make up part of the costs. Then include going forward costs, and maintenance, server overheads, and, where applicable, legal and compliance costs. Generally speaking, one should expect the cost of building a basic DEX to start from about $50,000 and can go to about $100,000. More sophisticated platforms with improved features can go for amounts thousands higher than this.
Challenges in Creating a DEX Like Uniswap
Building a DEX similar to Uniswap has its own set of complexities. The first thing is security since there can be huge monetary losses as a result of smart contract vulnerabilities. Secondly, it can be quite difficult to maintain liquidity, especially for an upstart exchange. The other issue is related to scalability because blockchain networks become congested when there is a high trading volume. User experience will be of utmost importance, since intuitive interface design that makes it simpler for an average user to understand the complexities of decentralized finance is usually quite a challenge. Regulatory issues are another major hurdle because it is still an evolving legal field for DEXs.
Conclusion
Building up DEX exchange software like that of Uniswap can give brilliant growth to an industry with increased revenue and profit in the near future- decentralized finance. The ethics of Uniswap can be understood along with critical parameters needed to build the platform and use the right technological implementation. Hence, this would lead to a DEX again, a bright, brilliant future. Though the obstacles may not be fewer, the benefits of having developed a DEX will be very well earned, achieving the zenith in innovation and growth in the cryptocurrency market.
0 notes