POLYX (PXT) news

Get To Know Some Representatives Of RWAs On Bitget

This is your pocket guide to RWAs representatives on Bitget. Bitget Spot Trading Basics To begin trading RWAs right now on Bitget, all you need to do is create your new Bitget account (if you don't already have one), visit Bitget Spot Trading, and look for the [RWA] category like this: Here's our complete guide on spot trading on Bitget: The Uncensored Guide To Bitget Spot Trading And these are for anyone who is yet to join our community of 25+ million users: Bitget in a Nutshell | Bitget Beginner’s Guide Don't Know Which Is Which? If you're not familiar with RWAs tokens, check out our short intro on RWAs representatives on Bitget as follows: MKR (Maker) MakerDAO, with its governance token MKR, stands at the forefront of RWA integration into DeFi. It's a decentralised credit platform on Ethereum that supports DAI, a stablecoin pegged to the US dollar, which is backed by a mix of cryptocurrencies and, more recently, RWAs. MKR holders have the power to vote on crucial decisions, including the addition of RWAs as collateral types. This incorporation of RWAs into MakerDAO's collateral portfolio not only diversifies risks but also showcases the potential for DeFi to parallel traditional finance in terms of asset backing, thereby supporting the DeFi ecosystem's stability and growth. COMP (Compound) Compound is a pioneering decentralised finance (DeFi) protocol that enables users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. COMP , its governance token, plays a vital role in the ecosystem, allowing token holders to propose and vote on changes to the protocol. This includes decisions on integrating RWAs into the platform, potentially transforming how traditional financial assets are accessed and interacted with in the DeFi space. By supporting the inclusion of RWAs, Compound can broaden its appeal and utility, offering a bridge between the digital and traditional financial realms and promoting liquidity and accessibility for a wider range of assets. PROPS (Props Token) While PROPS might not directly facilitate the integration of RWAs into DeFi, it embodies a significant aspect of blockchain's promise: democratising value within digital ecosystems. PROPS is a loyalty and rewards token designed for digital platforms to engage users and creators, ensuring value flows back to the community that supports and enriches the network. The ethos of PROPS, rewarding contribution and participation, aligns with the broader vision of RWAs in DeFi, aiming to distribute the benefits of real-world assets more widely and fairly within the digital economy. ONDO (Ondo Finance) Ondo Finance is a DeFi protocol that aims to lower the barriers to entry for both traditional finance and decentralised finance markets. The introduction of ONDO, its native token, signifies a step towards a seamless integration of RWAs into the DeFi ecosystem. By providing structured financial products that bridge the gap between fixed income assets and digital currencies, Ondo Finance leverages RWAs to offer diversified risk and yield profiles. This innovative approach encourages traditional investors to explore DeFi opportunities while allowing crypto investors to tap into the tangible value and stability provided by real-world assets. Full introduction to Ondo Finance is available here: What Is Ondo (ONDO)? TRU (TrueFi) TrueFi is a DeFi protocol for uncollateralised lending, allowing lenders to earn interest and TRU token holders to participate in governance and staking. TRU plays a critical role in managing the platform's risk and decision-making processes, including the potential for incorporating RWAs as part of its lending market. By facilitating loans without traditional collateral and exploring the inclusion of RWAs, TrueFi is at the cusp of blending uncollateralised crypto lending with the reliability and familiarity of real-world financial assets, potentially increasing the protocol's attractiveness to a broader spectrum of investors. GFI (Goldfinch Finance) Goldfinch Finance is a unique player in the DeFi space, focusing on expanding access to capital without the need for crypto collateral. GFI, its governance token, allows holders to influence the protocol's direction, including its innovative approach to incorporating RWAs. By enabling loans backed by real-world business revenues instead of digital assets, Goldfinch Finance stands as a testament to the versatility and potential of RWAs in DeFi. This model not only democratises access to financing but also opens up new avenues for investment in emerging markets and sectors previously untouched by DeFi. Full introduction to Goldfinch Finance is available here: Goldfinch (GFI): Unlocking Access to Crypto Credit Without Collateral PROPC (Propy) Propy uses blockchain technology to streamline real estate transactions, making them more accessible, transparent, and secure. While PROPC is not a direct facilitator of RWAs in the DeFi ecosystem, it represents an important use case of blockchain's ability to tokenise and manage real-world assets. By enabling the buying, selling, and management of real estate on blockchain, Propy paves the way for these valuable RWAs to be more easily integrated into DeFi platforms in the future, enhancing liquidity and investment opportunities in the real estate sector. POLYX (Polymath) Polymath is focused on democratising access to securities by enabling businesses to issue and manage security tokens on the blockchain. POLYX, the native token of the Polymath network, plays a pivotal role in this ecosystem, facilitating transactions, paying fees, and participating in governance. Through its platform, Polymath is directly contributing to the integration of RWAs into the digital world, making it easier for investors to access, trade, and manage security tokens that represent shares in real-world assets. This not only broadens the scope of assets available in the DeFi space but also bridges the gap between traditional securities markets and the burgeoning world of decentralised finance, promising a future where the boundaries between the two are increasingly blurred. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget Hot Takes (October 23 - October 29)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. The latest Bitget Hot Takes can be found here. Central Themes • BGB is back above US$0.44, scoring a 10% weekly gain in line with the market’s comeback. • Bitcoin hit the year’s high at US$35,150. BGB Back Above US$0.44 BGB ended the week on a good note with an increase of 10%, second to Bitcoin (+13.9%) only. Accumulation is back to early October’s levels, and RSI is approaching February’s highs, when BGB achieved its wonderful all-time high at the time. What did we talk about in last week’s issue? We were waiting for BGB volatility to pick up, cuz it would equal exactly the rise we are seeing. Too high like XRP and it’ll send us on an emotional rollercoaster, too low implies a slow death; some spices are needed after a few weeks of red, but of course we’ll love to see this measure returns to its consistent level now that BGB turned positive. BGB volume rose proportionally with the token’s upward momentum at 12.5% to US$127.9 million and has the tendency to exceed that of Bitcoin again soon at the healthy 0.03 mark. If you are new, hi there, BGB is the native token of Bitget. It’s currently one of the most searched for tokens on CoinGecko, and we invite you to learn about the perks that come with BGB to see why this wonderful token is so loved. Afterwards, go check out our BGB Sail Series to see how good BGB is as a long-term investment: BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition BGB Sail: April Edition BGB Sail: March Edition BGB Sail: February Edition Something Good Besides Spot Bitcoin ETFs We get it: Spot Bitcoin ETFs are in the spotlight, and for legitimate reasons. If you’re not familiar with the subject, we suggest reading our guides to crypto ETFs here:What is a Crypto ETF? Your Comprehensive Guide to Crypto ETF Why are BlackRock and Fidelity’s Bitcoin ETFs Significant to the Crypto Market? Anticipation of Bitcoin ETF Approval Sparks Optimism and Fuels Price Surge They’ve brought us the good hopium that pushed Bitcoin prices to its yearly high of US$35,150 and flipped the Fear Greed Index to the right side at 63/100. Shorts got rekt; green covered crypto ETFs and crypto stocks. But there are other things to celebrate as well. TradFi don’t necessarily wait for a spot Bitcoin ETF to adopt crypto; they have already embraced this inevitable digital revolution. Chainalysis’ latest report says that ‘North America’s 76.9% of transaction volume is driven by transfers of $1 million or more’ and most importantly, activities take place on DeFi protocols and CEXs ‘evenly’. Three things to be taken from this piece of news are (1) DeFi is poised to grow, (2) institutional adoption is already happening, especially in the U.S., and (3) because institutional demand is huge, we can have even more faith in the approval of one, if not several, spot Bitcoin ETFs. Also proving that crypto will definitely become the ‘new norm’ is how on-chain trades and settlements are being tested and executed more ‘casually’: from PetroChina’s first international crude oil trade of one million barrels, Deutsche Bank and Standard Charter’s SC Ventures completing the first stablecoin swaps to test out the SWIFT Killer network UDPN to World Bank being the first issuer of the Brussels-based securities settlement house Euroclear’s newly launched digital securities issuance service. Apparently, banks and settlement houses are getting more comfortable with the digital space, which should further accelerate the crypto adoption on a large scale. Last but not least, SBF finally took the stand. We will deliver this week’s recap ASAP, and in the meanwhile, check out the previous pieces of information available in the previous parts of the proceedings: The First Two Weeks of FTX Trial: Friends to Foes, Secrets Exposed What Happened During The Third Week of the Sam Bankman-Fried Trial The Latest Bitget News BarbieCrashBandicootRFK88 (SOLANA) was the memecoin of the week on Bitget as it made it to the Top 3 daily gainers three times with a 24-hour gain of 184.6%, 123.2% and 116.9%, respectively. The week also marked the return of Bitget’s specialty - Initial Listing - with five events announced for NERD with a 141.6% increase overnight, OFN at +149.3%, SPURS, BEAM at + 147.2% and TOKEN at a staggering +10,165.2%. The next one? Today, October 30, 2023 at 11:00 AM (UTC) with CYCON! Bitget Spot Trading’s volume went up by 66.4%, naturally because of the market’s anticipation on a new bullish cycle. If you are a spot trader, don’t forget that we are calling for project recommendations - submit info about your favourite project and earn 100 USDT once it’s listed on Bitget! Bitget Futures Markets’s average crypto OI saw an expansion of 3.8%, average Bitcoin OI is however down by 1.2% in the last 7 days, meaning Bitcoin dominance on the futures market decreased by 4.8% to land at only 52%. Exclusively designed for Credit/Debit card holders are Bitget’s Zero-Fee Program, which is activated every Wednesday and every weekend. Our latest new listing NERD is also added to this program, but for limited time only! Details are available here: Buy NERD using credit/debit card with zero fees Our perks for crypto lovers also include: • Up to 50% cashback for your first crypto purchases via Credit/Debit card or bank deposit: Share the 10,000 USDT weekly prize pool until the last day of October! • Spin and Raffle to share 200,000 USDT: The promotion will end on November 19, make sure to join before it’s too late! • Bitget’s Halloween mystery revealed: Five days left to grab your treats of Bitcoin - the flagship cryptocurrency that has just hit its yearly high! Don’t miss out the opportunity to grow your holdings with Bitget Earn! Bitget Dual Investment now supports 8 new coins including MATIC, AVAX, LINK, TRB, BNB, ZRX, MKR, and STORJ, and Monday-Friday as the new subscription periods is introduced for Bitget Snowball and Bitget Smart Trend! Want to take it simply? Join us on the Bitget Wealthy Tuesday every week and earn up to 10% APR! Bitget Rewards Center has been upgraded! New users can now get up to 5,027 USDT for free and earn an additional bonus when you log in to your account daily. Sign up immediately to get the most out of our promotion campaign! New Events Join the Bitget Builders team — share a US$20,000 offline event budget and win "Apple Family "products Exclusive rewards! Start margin trading to share 30,000 USDT! WAX (WAXP) will be listed on Bitget. Come and grab a share of $10,000 WAXP! Learn2Earn: Take the IoTeX (IOTX) Quiz to Win 200,000 IOTX and 10,000 BGB! CYCON Token (CYCON) will be listed on Bitget. Come and grab a share of 5,000,000 CYCON! Polygon Ecosystem Token (POL) will be listed on Bitget. Come and grab a share of $10,000 worth of POL! Join the Bitget Hunter program to win up to 2500 BGB and Messi merch Beam(BEAM) will be listed on Bitget. Come and grab a share of US$10,000 worth of BEAM! Joe Coin (JOECOIN) will be listed on Bitget. Come and grab a share of $15,000 JOECOIN! T2T2 is set to launch on Bitget Launchpad! Commit BGB and team up! Tottenham Hotspur Fan Token (SPURS) will be listed on Bitget. Come and grab a share of 15,000 SPURS! Learn to Earn : Take the Celestia (TIA) Quiz to Win 50,000 BGB and 150,000 Celestia Futures token (TIABG)! Halloween Crypto Trading Competition - Win Your Share of $10,000! Halloween festival - collect limited edition badges and win pumpkin chests! Polymesh (POLYX) will be listed on Bitget. Come and grab a share of $10,000 worth of POLYX! NeoGas (GAS) will be listed on Bitget. Come and grab a share of $10,000 worth of GAS! Indulge in Halloween Fiat Treats: Win Up to US$100,000 in BTC! Hot coins trading celebration round 2: grab a share of 10,000 USDT and 10,000 BGB! Openfabric AI(OFN) will be listed on Bitget. Come and grab a share of $20,000 OFN! Nerd token (NERD) will be listed on Bitget. Come and grab a share of US$21,000 worth of NERD!Zero fees! Deposit EUR (iDEAL) via Banxa and get a 10% voucher! Meme Mania: Ride the Hottest Coins to Big Wins! Good Reads The Future of Web3 Social - T2T2 on Bitget Launchpad Making Bank Deposits and Withdrawals on Bitget App Anticipation of Bitcoin ETF Approval Sparks Optimism and Fuels Price Surge Shiba Inu (SHIB) Caused A Stir With Whale Movements Web3 User Guide Simply create an account, and start exploring the incredible Bitget-Verse today!