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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Delta Exchange completes $5M token raise following investments from DeFi players

Investors include Aave Ventures, Kyber Network, Sino Global, CoinFund, Spartan and others.

Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native DETO token, setting the stage for wider adoption of its retail derivatives marketplace. 

Some names in DeFi, or decentralized finance, participated in the private sale, including Aave Ventures,and Kyber Network. Sino Global, LuneX Ventures, BR Capital and others also participated in the sale.

At the time of writing, the total market capitalization of DeFi projects was $88.2 billion, marking an increase of 12.5% on the day.

In addition to the token launch, Delta announced Tuesday that it has activated its liquidity mining and trade farming features, supposedly marking the first offering of liquidity pools on a centralized derivatives platform. The DETO-USDT trading pair will go live immediately after the token launch.

DETO is an ERC-20 utility and rewards token that powers Delta Exchange. It utilizes market-making pools for liquidity, making it similar to existing DeFi automated market makers, albeit with some important differences. 

Pankaj Balani, Delta’s CEO, said his exchange has upped its revenues, trading volumes and customer acquisition over the past year. He said the DETO token is “integrated across the value chain of the exchange,” explaining:

“It will help boost liquidity via liquidity mining, it will help increase volumes via attractive cashback and it will help build customer loyalty as DETO can be used to pay trading fees, at higher of market price or MSP (minimum support price).”

Delta Exchange’s trade volumes have experienced intermittent spikes this year. Daily turnover exceeded $98 million on March 14, just as Bitcoin (BTC) set a new all-time high above $61,800. Trading volumes on Delta have declined since the mid-March spike, falling in line with the broader cryptocurrency market.

Derivatives are one of the hottest corners of the cryptocurrency market. CoinMarketCap estimates that derivatives trading was worth over $1.3 trillion in December 2020, which accounted for 55% of the overall market at the time. Spot trading, by contrast, accounted for the remaining 45%.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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