3 months ago
Jupiter Exchange has launched early access for Ape Jupiter, a new meme coin creation and trading platform.
3 months ago
VP Kamala Harris, in her first comments on crypto as the Dem nominee, said, "We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors" at a Wall St. fundraiser in NYC.
3 months ago
Presenting at Breakpoint 2024, FluxBeam and RugCheck founder Scott Hague unveiled a litany of new product updates to the comprehensive DeFi platform.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:
“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:
“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
3 months ago
Pavel Durov, telegram's CEO, responds to concerns about misuse of the platform’s search function.
He hints that user data may be shared with authorities as part of new moderation policy updates.
He hints that user data may be shared with authorities as part of new moderation policy updates.
3 months ago
Update
- Hamster Kombat Drops Bombshell: Season One Airdrop Details Unveiled!
- Kamala Harris Breaks Silence on Crypto; What’s Her Game Plan?
- Bukele’s Bold Move: Bitcoin Budget Without Debt, Is This the Future?
- Hamster Kombat Drops Bombshell: Season One Airdrop Details Unveiled!
- Kamala Harris Breaks Silence on Crypto; What’s Her Game Plan?
- Bukele’s Bold Move: Bitcoin Budget Without Debt, Is This the Future?
3 months ago
Telegram has updated its privacy policy to allow the sharing of users' phone numbers and IP addresses with authorities upon receiving valid legal requests, aiming to deter criminal activities on the platform.
This change follows the arrest of Telegram's CEO, Pavel durov, in France, related to allegations of the app's misuse for illegal activities.
This change follows the arrest of Telegram's CEO, Pavel durov, in France, related to allegations of the app's misuse for illegal activities.
3 months ago
POPDOG is speaker at
RonnieRiches MEME chill and shill. Come listen and support! 🐶🎤
https://x.com/i/spaces/1Yq...
RonnieRiches MEME chill and shill. Come listen and support! 🐶🎤
https://x.com/i/spaces/1Yq...
3 months ago
✅ SwissBorg continues to expand the capabilities of its Smart Engine with the integration of two new #DEX .
On the agenda: better prices, increased liquidity and faster access to news #cryptomonnaies
On the agenda: better prices, increased liquidity and faster access to news #cryptomonnaies
3 months ago
💶 Société Générale-FORGE announces the deployment of its euro stablecoin $EURCV , compliant with MiCA regulations, on the Solana network.
3 months ago
As Temi ignites the spark, something big is on the horizon. Hold tight because this is just the beginning. 🔥💣
linktr.ee/temisolana
#TemiRevolution
linktr.ee/temisolana
#TemiRevolution
3 months ago
💰 The global money supply (M2), whose evolution is relatively correlated to the bitcoin price, reaches a new record.
To be continued... 👀
To be continued... 👀
3 months ago
😯 Two Bitcoin addresses that had been dormant since January 30 and 31, 2009 have each transferred 50 BTC, worth over $3 million per address, according to lookonchain .
These are two of the oldest addresses in operation 📆
These are two of the oldest addresses in operation 📆
3 months ago
🚨 Franklin Templeton plans to launch a mutual fund on the Solana Blockchain.
As a reminder, the company manages more than $1 .3 trillion in assets for its clients
As a reminder, the company manages more than $1 .3 trillion in assets for its clients
3 months ago
Citibank is exploring Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future.
(Citi Bank is the 4th largest bank in the US🇺🇸).
(Citi Bank is the 4th largest bank in the US🇺🇸).
3 months ago
At Solana Breakpoint, Phantom announced embedded wallets to simplify user onboarding.
Features include:
- seedless sign-in with email and PIN
- no app downloads
These features would be offering a secure, self-custodial experience with full UI support.
Features include:
- seedless sign-in with email and PIN
- no app downloads
These features would be offering a secure, self-custodial experience with full UI support.
3 months ago
PayPal's José Fernández states that Ethereum isn't the best solution for payments, prompting their launch on Solana, which offers token extensions, lower costs, and can process 1,000 transactions per second, ideal for mainstream adoption.
- Breakpoint 2024
- Breakpoint 2024
3 months ago
Thanks to GG1nvestments (https://x.com/GG1nvestment...) for kind words about $POPDOG 🔥🔥🔥
POPDOG popin to the moon LFG!!!
POPDOG popin to the moon LFG!!!
