Crypto Profit Community

Are there any crypto coins backed with gold? Yes, of course. Gold-based crypto can be an alternative stablecoin for investors who looking for stability. By gold as the underlying, the performance of gold-based crypto will be greatly influenced by the world gold price.  Technically, gold-based crypto is another variant of stablecoins. This is because stablecoins are crypto assets whose value is pegged to stable-value assets in the real world. For some people who still believe in gold as an asset that can protect wealth, it becomes more valuable because of the popularity and credibility of gold. What Is Gold-Based Crypto? Gold-based crypto is a digital asset whose value is secured by physical gold, providing price stability and facilitating gold investment without storing physical gold. By making gold as an underlying, every crypto coin in circulation must have the same amount of real physical gold stored in a custodian. How Does Gold-Based Crypto Work?  The gold-based crypto works by to

Cryptocurrencies built with blockchain technology that are transparent. It's mean they have data that can be easily accessed for processing and analysis. But unfortunately, the data is peered and very numerous.  We need a set of tools to analysis that will make it easier to search and filter data. Crypto analysis tools allow users to track various financial metrics, transaction and performance data, as well as technical charts of a crypto asset or a particular sector.  Crypto analysis tools are very helpful for investors to deepen fundamental research and gain various interesting insights. What are crypto analysis tools? Crypto analysis tools are specialized software designed to provide an understanding of the complex and dynamic world of cryptocurrencies. These tools will analyze various aspects of cryptocurrencies, including market trends, transaction volumes, wallet activity, and network health.  These tools use advanced technologies capable of performing functions such as data

BlackRock, one of the world's largest asset management companies with $10 trillion in assets under management, has introduced its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund was formed in collaboration with Securitize, a company focused on tokenizing assets. This step marks the presence of major and reputable companies like BlackRock in the development of the digital asset market. It brings significant potential for the adoption of crypto assets and real-world assets (RWA). RWA Tokenization RWA Tokenization is the process of transforming ownership of real-world assets into digital tokens using blockchain technology. This innovation allows investments to become more democratic by fractionalizing assets such as real estate, commodities, and even stocks into tradeable tokens. The growing interest in the RWA sector has received an unprecedented boost with the launch of the BlackRock USD Institutional Digital Liquidity Fund on the Ethe

After its troubled token launch, Manta Network attempted to rise and has now managed to become the third largest Layer 2 network by total value locked (TVL). How did Manta Network get to this point? Let's take a look at the journey of the story. What is Manta Network? Manta Network is a modular blockchain built for zero-knowledge (ZK)-based applications. One of Manta Network's main goals is to address blockchain adoption issues, including privacy, scalability, and interoperability. Manta Network has two main networks, namely Manta Atlantic and Pacific. Manta Atlantic is a layer-1 built on the Polkadot network. Manta Atlantic is claimed to be the fastest layer-1 in Polkadot using ZK technology. ZK enables transaction verification without revealing full transaction details, increasing privacy and efficiency.  Manta Pacific is a layer-2 built on Ethereum. Manta Pacific uses ZK technology to deliver faster and more private blockchain applications. Manta Pacific is compatible with

Investing in a new crypto token before it is listed on a major exchange can be an attractive option for many investors. Crypto presale tokens have become a hunting ground for crypto investors who want to make a profit in a short time.  What Is A Presale Crypto? A crypto presale, or presale token, is an event where tokens will be sold for the first time before they are available to the general public through an Initial Coin Offering (ICO) or other crowdfunding method.  At this stage, crypto developers who will launch the new token will offer early buyers the opportunity to buy the token at a lower price, with the expectation that its value will increase once the cryptocurrency is publicly launched. Once a new token is launched on a major crypto exchange like Binance, its price will usually rise significantly. This is the reason why the token presale is a hunt for investors it can generate significant profits. Why Participate In A Presale? By following the presale period, we will get a m

If you want your Ethereum to make a profit without having to sell it, then you have to put it on DeFi platforms called LSDs or Liquid Staking Derivatives. Since the development of proof-of-stake (PoS) technology, the method of staking crypto assets has become the choice of many crypto investors to earn passive income. Now, staking platforms have developed even further. Thanks to the Shanghai Ethereum upgrade, LSD is now a major trend in the DeFi (Decentralized Finance) space, providing a new way for crypto asset holders to earn additional liquidity and yield. What is LSDs Liquid Staking Derivatives (LSDs) are innovations in the development of crypto protocols that allow users to derive liquidity from staked assets and leverage them in other decentralized finance (DeFi) applications to earn profits. LSDs were invented to make staking easier and unlock the liquidity of your staked ETH by allowing you to receive a receipt token that you can use to earn additional yield on DeFi protocols o

2024 is predicted to be a significant year for EigenLayer with the groundbreaking narrative of Ethereum restaking. Restaking refers to a process in which Ethereum (ETH) tokens deposited to the secure blockchain networks, known as staking, can be repurposed to secure additional blockchains and protocols. This enhances their utility and provides holders with a set of additional rewards. What is EigenLayer? Eigen Layer is a protocol built on the Ethereum network introducing restaking of staked ETH coins, a concept of rehypothecating an asset previously staked in the crypto-economy. Restaking enables the rehypothecation of ETH on the consensus layer. Through EigenLayer smart contracts, users who stake ETH can restake their ETH, extending crypto-economic security to additional applications on the network. As middleware, the protocol strengthens Ethereum's presence as a foundational blockchain and aims to connect ecosystem services and DApps. EigenLayer's founder, Sreeram Kannan, env

Retik Finance (RETIK) emerges as a newcomer and is claimed to play a significant role in the continuously evolving crypto industry. Retik crypto project adds vibrancy to the decentralized finance (DeFi) sector with various outstanding features. Retik Finance strives to stand out and differentiate itself from other crypto projects by seamlessly combining the strengths of the decentralized finance (DeFi) sector with the ease and convenience of DeFi transactions. What is Retik Finance?  Retik Finance is a DeFi ecosystem project that provides a wide range of financial tools and services, including DeFi debit cards, P2P lending, smart payment gateways, and secure wallets.  Retik Finance will be a link between the world of digital finance DeFi based on crypto technology with the world of digital finance in the real world. It aims to provide a new way of how people conduct financial transactions in the digital age. One of the prominently worked-on features is the DeFi Debit Card. With the DeF

Real-world assets or RWA are becoming a popular crypto narrative in 2024. RWA is a new step in the adoption of crypto technology in connecting real-world assets into blockchain ecosystems, such as DeFi. So what is Real World Assets Tokenization and how does it work? In this article, we'll explore more about RWA and explore how real assets with the adoption of blockchain technology can become more liquid, transparent, and profitable than before. What Is Real World Asset Tokenization Real-world asset is an asset that previously existed in the real world. Assets that we have known so far such as property and valuable objects. By utilizing the sophistication of blockchain technology, these real assets will transform into digital assets.  Real-world assets tokenization is a term that describes an asset in the real world, but it has been converted into digital form and issued through a tokenization mechanism for use in blockchain-based ecosystems, such as in decentralized finance (DeFi).

We've predicted the top 8 altcoin gaming that you may collect during this crypto bull run season. The potential of altcoin gaming is enormous for future growth. This aligns with the predicted $1 Trillion gaming industry growth over the next 5 years. Altcoin gaming has become one of the most interesting sectors in the cryptocurrency world. By adopting blockchain technology, these projects offer solutions to issues faced by conventional gaming industries. These are the top 8 Altcoin Gaming picks to consider buying during this bull run season: 1. Axie Infinity (AXS) Axie Infinity is an Ethereum blockchain-based game that combines various elements of the cryptocurrency world such as NFTs, staking, and the play-to-earn concept. In Axie Infinity, you will buy, breed, and battle virtual creatures called Axies. Conceptually and gameplay-wise, Axie Infinity draws inspiration from the popular TV series Pokemon, featuring monsters battling each other. Similar to Pokemon, each Axie has its own