Skip to main content

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...
Post a Comment

3 reasons why Quant price has rallied 200% in the last month

Increased interoperability between blockchain networks and the release of Overledger 2.0.5 are just a few of the reasons for QNT’s 200% rally in August.

Interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem due to the fact that users are looking for the most cost-effective ways to transfer value across the ecosystem.

One interoperability-focused protocol that has seen its price skyrocket to a new all-time high is Quant (QNT), a project designed to help enterprises integrate and operate distributed ledger technology (DLT).

Data from Cointelegraph Markets Pro and TradingView shows that since reaching a low of $178 on Sep. 1, the price of QNT has surged 117% to a new all-time high at $387 on Sep. 6 as its 24-hour trading volume spiked to a record $740 million.

QNT/USDT 1-day chart. Source: TradingView

Three reasons for the bullish surge in QNT price include its recent protocol upgrade to Overledger 2.0.5, the launch of the Quant developer program and increased access to its supply after listing on the largest crypto exchanges.

Interoperability expands

The release of Overledger 2.0.5, the protocol’s DLT gateway for businesses, offers universal interoperability between various protocols and allows users to connect any system to any network or DLT.

According to Quant, the release of Overledger 2.0.5 marks a key milestone in the development of a “bridge that connects institutional and enterprise ecosystems with stablecoins, DeFi, NFTs and popular ERC20 and ERC721 digital assets for clearing and settlement.”

The Overledger Payment API supports clearing and settling between different digital assets, stablecoins, collateralizing NFTs with stablecoins and the ability to conduct multi-DLT DeFi payments by combining lending and staking products with new settlement options.

QNT offers incentives to developers

A second reason for the growing strength seen in Quant is the launch of the Quant developer program which is designed to entice new developers to join the ecosystem.

Active communities are a hallmark of a successful blockchain ecosystem and developers play a crucial role by creating on-demand applications and protocols that attract users and encourage on-chain activity.

Successful networks like Polkadot, Ethereum and Cosmos all have extremely active developer communities so if Quant is able to replicate this level of activity the network could thrive. 

Related: Blockchain technology can change the world, and not just via crypto

Major exchange listings boost trading volumes

A third reason for the strong performance from QNT is the token's availability on the largest cryptocurrency exchanges in the sector.

In the last few months, QNT was added to Coinbase and Binance, which helped its 24-hour trading volume jump from a daily average of $9 million to over $740 million on Sep. 6.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for QNT on Sep. 4, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. QNT price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for QNT climbed into the green on Sep. 4 and reached a high of 72 just as the price of QNT began to increase 102% over the next three days.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

https://ift.tt/3hdW4KC
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more