|All Time High:|
|Market Cap: |
|The price of #ELITE today is $923 USD.|
The lowest ELITE price for this period was $0, the highest was $923, and the exact current price of one ELITE crypto coin is $923.40641.
The all-time high ELITE coin price was $9,273.
Use our custom price calculator to see the hypothetical price of ELITE with market cap of BTC or other crypto coins.
|The code for Elite 1337 crypto currency is #ELITE. |
Elite 1337 is a newer coin by our records, at least 10.9 months in age.
|The current market capitalization for Elite 1337 is $598,367.|
Elite 1337 is ranked #911 out of all coins, by market cap (and other factors).
|The trading volume is weak today for #ELITE.|
Today's 24-hour trading volume across all exchanges for Elite 1337 is $118.
|The circulating supply of ELITE is 648 coins, which is 48% of the maximum coin supply.|
A highlight of Elite 1337 is it's astoundingly small supply of coins, as this supports higher prices due to supply and demand in the market.
|Note that there are multiple coins that share the code #ELITE, and you can view them on our ELITE disambiguation page.|
2,000,000 ECH (G)rant
🛸 We’ve set the gears in motion and this spaceship might take off any moment! So put on your seat-belts, its time for briefing, space cadets!but first, . . . a recap.Our proposal to deepen the liquidity goes through the cosmos in second attempt. https://ping.pub/echelon/gov/8Echelon Foundation sends us 2,000,000 ECH https://scout.ech.network/tx/0x5f0038683d3ff15e9f585e936bf8b7d8a4a3011e2b3772b56eeadb63954c2e81/token-transfers..and now back to present! — Here’s a fast-paced rundown on what we did after receiving the 2,000,000 ECH :. — ↣ We split the 2M into 1.6M + 400K ↣ 1.6M is bridged to our home galaxy of Fantom Opera, using the Echelon Bridge as bECH. (a.k.a. “Bridged Echelon”. it is super-cheap to do, it cost us… nothing! its FREE! and free both sides on 7 chains!!) ↣ 480K bECH is morphed into 4ECHUSD tokens. (More “advanced” details on this later) ↣ These 4ECHUSD, worth nearly half-a-million bECH, are a liquidity pool on Fantom, matched with USDC from our treasury. ↣ Arb-bots are invited to help maintain prices between 4ECHUSD, and the other 2 pools on Fantom:👻 WFTM-bECH, on SpookySwap, seeded upon Echelon-bridge launch & primarily owned by Echelon Foundation🔵 ELITE-bECH, on Solidly.Exchange, contributed by various members of our DAO, and our PoL. (want a bribe later? fNFT? ;). . . now a little byte from a different side-story ↣ Protocol Owned Liquidity worth $720 was pulled from the ELITE-DAI pool of ProtoFi. But why?Sadly, our project “Molecule” couldnt see the light of the day. It was supposed to be a Solidex-fork for Proto Gauges, but couldnt be completed because of their dual-token model needing p2p trading without a liquidity pool, which is difficult to do in a hyperactive smart contract. This one LP was just sitting there doing nothing, accruing that tiny o.2% trade-fee. Into the treasury. 360 Raw DAI & pure ELITE.Back to Topic. Enter 🦌 ― Our ‘ol fren, The ELK! ↣ We used ELK (once again) to cross the bridges for our treasury, this time to reach the Smart Chain. To reach BSC and get some BNB for our ELK held in the treasury, it cost us $0.34 in total, out of that, 0.33 was spent on BSC gas.Our Second partner from October last year, ElkNet, proved *17x *cheaper* than the cheapest alternative, Anyswap. ↣ Next, we moved $4000 in USDC from Fantom to BSC, using the good ‘ol Connext.Cost us just $2.2, including gas! (Their UX is much much better now!)🚙🌉🌉🌉🌉🌉🌉🌉🚗 ↣ From BSC, we stepped into the Portal of Upper Echelon, out of which we emerged on the other side as bUSDC, a.k.a. “bridged USDC”, on the Echelon Chain Mainnet. ↣ Approximately 4,000 bUSDC were added along with 400,000 WECH into the liquidity pool at DefySwap, nearly doubling it’s reserves. ↣ The LP tokens minted to us were then invested into the Kompound Protocol on Echelon to supercharge the yield on our liquidity asset to 69% 🌾 Check out GRAIN#7303, our in-house WECH-USDC LP Auto-compounder! As a result, ECH.Guru was able to achieve the following goals: (Largely exceeding some of the planned expectations, thanks to treasury re-balancing!) — Increase On-chain Liquidity of Echelon on Echelon. — Total WECH–USDC Liquidity on Echelon Chain jumped by 1.5xAggregate Deep-liquidity on Dexch crossed the milestone of 1 Million ECH & $10,000 USDC. At present, it has reached 1.12M WECH pooled with 12.1K USDC 🚀 Trade the ECH/USD pair with DEXCH, Echelon’s native DEX Aggregator! — Increase in On-Chain Liquidity of bECH, on Fantom Chain. — Owing to the new 4ECHUSD pool, Fantom’s DeFi users now have access to 600K bECH, which forms the *Stairway to Echelon. (*More on this later. Feel like the 80s yet?)Total Liquidity for bECH is now 5x on Fantom, aggregated by multiple Liquidity Aggregators like Firebird, 1inch, OpenOcean and more.Summary Total ECH Deployed: 900,000 Remaining Funds: 1,100,000 How the remaining 1,100,000 ECH get deployed, will be up for community to decide and finally at Guru Network DAO’s discretion. The original intention was to use all of it as done above, but owing to community suggestions, we’ll together try to come up with an even better allocation plan.And that’s a wrap, for now. We invite you to join our Discord for diving straight into the action and to help us shape the future decisions of our DAO. — 🎮 discord.gg/QpyfMarNrV. — — 🙊 twitter.com/ftm1337. — This article was supposed to be a small discord message that got out of hand. We’ll do a Part 2 soon™️ exploring he mysterious connection of 4ECHUSD, Trance & a Stairway to Echelon.
X — The End of Winter
X — The End of Winter - — WE ARE 6 7 8 ! - Token Tracker — $ELITE — #StrongerTogether 🦾. — Last month, we were 547. This is a strong 24% increase due to The Granaries & our Solidly stint! We have never had an airdrop, so these are all real users! — Smart Holders 📜. — Out of these 678 holders, 86 are smart contracts, up by 36% from 63 last month! ̶g̶u̶e̶s̶s̶ ̶o̶u̶r̶ ̶s̶t̶r̶a̶t̶e̶g̶y̶ ̶t̶o̶ ̶t̶r̶i̶c̶k̶ ̶t̶o̶ ̶p̶e̶o̶p̶l̶e̶ ̶t̶o̶ ̶h̶o̶d̶l̶ ̶t̶h̶a̶t̶ ̶0̶.̶0̶0̶1̶3̶3̶7̶–̶0̶.̶0̶1̶ ̶E̶L̶I̶T̶E̶ ̶i̶n̶ ̶t̶h̶e̶ ̶n̶a̶m̶e̶ ̶o̶f̶ Eliteness is actually working! Earlier last year, we saw just users hoarding the small ELITE bag, but now even Smart Contracts want to ₿1337 and earn more with our Granaries! 🤩Token Analytics — $ELITE (via ftmscan) In the last 2 months alone, we have witnessed a steady uptick in ELITE transactions! See for yourself on our analytics page! ftmscan.comDaily Volume (Normalized, via CoinGecko) — 🔊 Turn up the Volume!. — Over the last 50 days, our Volume has again picked up pace! This directly translates into more Protocol Revenue, which indirectly benefits ELITE from incentives, improved liquidity and market exposure!Total Value Locked — FTMguru (DefiLlama) — 🔏 Total Value Locked. — TVL was steady and held well despite FTM moving south from $2.5 to $1.337. Most of the captured value came from the Granaries of Kompound Protocol.ftm.guru/treasury — Protocol Owned Assets! — 💰 Multi-Chain treasury. — This month we introduced Guru Network’s Multi-Chain treasury which showcases the Revenues Generated from our all our Products and assets owned by the Protocol itself. — 💱 Hedgey’s HedgeHoglets NFTs!. — This month we held an open-OTC for 5 million XELITE tokens and raised 10,696 FTM successfully! The funds were used to provide liquidity to our new Solidly pairs — more about this next! — @FTM1337 — @hedgeyfinance — 🎑 f-NFT. — As we explore the world of fNFT (Financial Non-Fungible Tokens) with our DeFi-frens from Hedgey.finance, expect more fNFT products launch on the Guru Network soon. First of these initiatives are going to be Bribes given out for our Solidly voters in the form of Time-Locked $HDHG NFTs which will be redeemable for XELITE directly & therefore ELITE, indirectly via unstaking.This novel approach made possible by this new-kind of DeFi primitive enables us to not only make the bribed users hold our tokens for longer, but also bestow them an opportunity to Earn Interest on their Bribes, all the while being in possession of a supercool HedgeHoglet NFT! This model also solves the long-standing problem of illiquid NFTs by giving each NFT a strong collateral backing its value, and establishing the Base-Floor Price for trading on all leading NFT-marketplaces. (Say hello to NFT-arbitrage bots of future!) — 🔵 SOLIDLY — The veWAR$ - The Super-special DEX premeired on Fantom and saw $12 Billion of inflows at launch, during which ELITE was whitelisted officially on Solidly! We owe special thanks to our DeFi Friends🎤, without which this wouldn’t have been possible — we’re extremely grateful to you! Gauge after gauge, and VE-after-VE-after-VE, ftm.guru fought bravely (and will continue to!) to acquire a piece of the famed veNFT. — @FTM1337 We secured the veNFT#76 into our treasury, to which we add more and more veSOLID each week, farmed by our Protocol Owned Liquidity and shall continue to use it to vote for our ELITE Pools.🦾 We request you to Vote in Huge Numbers for ELITE each epoch (before Thursdays, UTC). Alongside veSOLID, we have also decided to pursue accumulation of vlSEX & vlOXD, which are the governance tokens of Solidex & 0xDAO, respectively, giving us more power in voting ELITE pools and generating more SOLID, SOLIDsex, SEX, OXDv2 and earn trade fee kickbacks from the earnings of these Protocols as we become a stakeholder in their future and influence governance. All this helps achieve our Cardinal Goal — To help increase Liquidity for ELITE and reward all of our loyal ELITE Liquidity Providers! For the ELITE maxis, we’ve built 🆕Granaries specially that help Elites compound their ELITE-LP positions from Solidex Pools. These special granaries sell dual rewards (SOLID+SEX) to buy more ELITE LP and distribute it among the existing Liquidity Stakers of our Granary.ftm.guru/GRAIN — 💧And… The Grand Unlock!. — After a timelock of 9 months, 9 days & 9 hours, we received 7.77 KUCINO-wKCS LP tokens from the KuDEX Lockers. We’re thankful to Kudex for giving us a platform to stand, to whitelist $KUCINO on the biggest DEX in the early days of #KCC last July. We wouldn’t have made this far without the support from the $KUD community, we’re grateful for the encouragement to Keep Buidl’ing.Unlocked LP Tokens — Kucino-wKCS (KuDEX LP) Our KUCINO-WKCS LP has been unlocked this week. It currently stays with the Kucino Casino deployer and will be moved to The $ELITE #DAO treasury this weekend. Overall, our total Protocol Owned Liquidity (PoL or PCV) on The Kucoin Community Chain is worth approximately $47K. Since @kudex is one of our first partners, we request the Kudex Community to put forward suggestions regarding the future use of this liquidity which would be in the best interest of both the communities and mutually beneficial to both the Protocols as well as sustainable. Right now, The #Kucino #Casino represents 34% of Total Liquidity of KuDEX, which has about $140K in total. All-in-all, our KCC-Treasury now stands at roughly $53K, which if there is enough consensus, could be moved cross-chain to make better use of #Guru Network’s resources. We invite all of you to join our Social mediums and participate in governing the future of kcc.guru and its Protocol-Owned assets.Winter draws to an End , and a new Summer springs up More about Guru Network 🦾, 🚀 Telegram, Twitter, Discord, CoinGecko, DefiLlama, Messari ftm.guru fmc.guru kcc.guru mtv.guruThe Guru Network.
There’s a lot that happened between our eighth medium.com article and this one! The best way to catch-up would be to have a go at the #newsfeed channel of our Discord Server or Twitter.discord.gg/QpyfMarNrV twitter.com/FTM1337 Some highlights of the past 3 months$100K of Liquidity to ELITE10 Whitelists at Top Fantom DexesKompound Protocol (A better Yield Compounder)Kompound goes Multi-chain!$50,000 ELITE insurance FundTVL crosses 250K, kcc.guru & ftm.guru on DefiLlama61 Granaries, Dozens of farms & Hundreds of users!and much more.. Now that we have had a tiny recap, let’s zoom forward to our present― here’s our latest from the Discord Newsfeed: — Part 1 — Some Important News for @everyone. — Metamask on Mobile now works seamlessly We re-did our User Interface, which has made the experience as a mobile user of Guru Network a lot more smoother. Previously, users had to use Mathwallet or KiwiBrowser to access our dApps on some devices. But now, our websites work seamlessly on all Devices. Treasury Expansion beyond Fantom On community request, we have decided to broaden the scope of our tools and utilities to more networks and reach out more and more users. This will not only bring more visibility to our website but also help us gain a firm standing in younger ecosystems that benefit from our Chain tools. It will also add small revenue-streams to our treasury. P.S. — We’re not releasing any new Tokens; Only expanding our userbase. A Win, Win, Win! More ELKies! The Elk community has asked us to bring our granaries to Matic, Avalanche & Gnosis. We’ll releasing these very soon as we expand our other tools to these networks. The proceeds from our earnings via the deposit fees and performance incentives will be added back to our multi-chain treasury, traceable on ftm.guru. Hello MultiVAC! MultiVAC is new Chain with $MTV as its native coin. Members of our community feel that our presence on this chain will actually be helping out users, and truly so. We’ll be expanding our primary tools, like the DEX-pair tracker, Ape-List, FantomScan, Token & NFT Airdrop-Tool, The Approver among others to MV. We’ve also secured our new website https://mtv.guru/ and have created a new channel [🔂・mtv―multivac] for the cosy conversations. Come, say h3770 👋 The ELITE DAO & its Treasury Our new avenues on the new chains will be generating revenue that waterfalls into our Treasury. After thorough brainstorming, we have come to the conclusion that we’ll be using 84% of it to Grow it even more using DeFi opportunities, like a true DAO does. The other 7% will be dedicated to periodic buyback of our tokens (forever raising our price-floors), along with another 7% adding all of this back to Liquidity, and locking it permanently using our good ‘ol innovative “publicly-extensible infinite timelocks”. Remaining 2% will be used as free float to pay gas fees and stay inside the Treasury. We’re establishing a Multi-Chain voting solution to allow each one of us to propose new directions to steer Guru Network’s future. The Gambling Magician is Back Notice our new Server Logo? Our mascot is here, and you know what happens when we incite magic into our gambles hint: something rad with the NFTs, Solidly, xELITE & 13.37 secret ingredients is brewing.. with a super-elite recipe, along with our supremeChef back in the psychedelic zoo! New FantomScan Upgrade FantomScan & KScan have been upgraded for faster performance. Some new feature include:Historical FTM Balance lookupsHistorical Token Balance search. MTVScan is here as well. https://mtv.guru/mtvscan Partnerships! Our outreach department has been making the right moves and transitioning acquaintances into partnerships! We’re shaking hands with key players from Fantom, Kucoin, Polygon, Avalanche & MV. More details shall follow.All in all, we’re really excited for the new revenue-streams that we’ll generate with our new endeavors and proud to keep our old services and tools evolving in the the best possible shape. Thanking you all for this caring support is not enough, so we have a small surprise for you coming up in Part 2. Stay tuned, @everyone, this rocket is about to take-off.
XELITE : Index Fund
XELITE : Index Fund Powered by the Beethoven-X exchange, XELITE is now part of an Index Fund, offering a balanced exposure to the Foundational Assets of Cryptocurrencies along with a modern mix of Stablecoin primitives. — Guests of the Elite Opera. — “Guests of the Elite Opera” is a high level Token that can be redeemed for one or more of the underlying assets of this index fund. This token, just like other tokens, can be moved around freely, swapped or traded for other tokens. — The Index. — A well-balanced portfolio including 3 stablecoins and 4 native chains’ coins. Stablecoins (Fully-Collateralized USD)$USDC ― USD Coin (15%)$DAI ― Multi-collateral Dai (10%)$MIM ― Magic Internet Money (10%) Native Coins (Foundational Assets)$BTC ― Bitcoin (10%)$ETH ― Ethereum (15%)$BNB ― Binance (15%)$FTM ― Fantom (15%) and,$XELITE ― ftm.guru/xelite (10%) — Investing in XELITE Index. — All constituent assets should be preferably added in their respective weight-ratios. Alternatively, it is possible to add any number of assets in any proportion as well, but this is not recommended if the addition is a significant (>0.1%) part relative to the net AUM. Steps:Head over to our Beethoven page for Guests of the Elite Opera https://app.beets.fi/#/pool/0xe402555efa3b232ee8bc4c79a446b47b38b93ebf00010000000000000000007eAfter connecting wallet, choose the “Best Price” to add assets for a properly balanced investment.Approve the Vault for all the assets and then enter the desired amounts against each asset and press “invest”.Make sure to keep the price impact low by adding as close to the weights as possible for the best results. Upon successful investment, you will receive the “BPT-GUESTS” token in your wallet. Please keep it safely as it is the key to redeem your underlying assets. This token will also be utilized in our upcoming yield-farm* that gives ELITE as dividends for buying this Index Fund.More details will be available soon via our Discord server. It will be part of the YieldState program as it includes XELITE as a core asset — Divesting and Withdrawing. — Similar to investing and pledging assets, you can withdraw and redeem the underlying assets at any time freely. Simply move over to the withdraw section and choose the fraction (or whole) of your GUESTS portfolio you’d like to withdraw. — Important Notes. — Exposure to any asset in the Index Fund will stay limited to its respective weight. For example, if there is $100 in the Index, where BTC constitutes $10, and BTC goes up or down by 50%, the net valuation of the Index will change only by upto $5, and BTC will constitute $10.5 or $9.5, respectively.In case an assets goes down to near-zero valuation, remaining of the portfolio will stay protected and net valuation of index will only be affected up to the weight-worth of that specific asset. For example, if BTC crashes 99% (it wont!), a previously $100 portfolio will sell $9 from the remaining reserves and buy more BTC, giving a net Index Fund worth $90.The GUESTS Index Fund utilizes its reserves to generate additional income by means of facilitating inter-swaps between the AUM to maintain weights. External traders and DeFi protocols can tap into this Liquidity freely, while paying a modest 0.1337% trading fee, which is injected back into the index fund and whose ownership is distributed pro-rata to the existing investors only.Yield Farming via the ftm.guru YieldState will enable earning extra yield on your GUESTS Index Fund. No ELITE or XELITE inflation will occur and rewards will be furnished from the “recycling” of ELITE via the E.L.I.T.E. D.A.O.’s treasury.Exclusive $13.37k Rewards Program To align our actions with our vision, we hereby announce an initiative to bootstrap XELITE and enhance its on-chain Liquidity with rewards worth $13.37k, to be disbursed to the participants over the coming weeks. These funds come from the treasury and include multiple reward-assets such as ELITE, XELITE, FTM, ETH, BTC, BNB, USDC, DAI, MIM, etc. among many others!More details about this program are going to be shared shortly at our Discord server. We welcome you to come over and interact with our community to discover more about ftm.guru and its various offerings.Join us at :discord.gg/QpyfMarNrV,& t.me/FTM1337. References:XELITE Smart Contract https://ftmscan.com/token/0x1BE23c78038B6057172848534AcD62667fA2620dELITE Market Data https://coinmarketcap.com/currencies/elite-1337Mint XELITE / Redeem ELITE + Earn Interest https://ftm.guru/xelite
The wait was finally over last week!Introducing— Single staking ELITE on ftm.guruWhen you stake ELITE, you get XELITE tokens as a receipt. ➦ Mint XELITE by staging ELITE as collateral. Deposit your ELITE into the XELITE smart contract, sit back and enjoy your gains. This XELITE automatically accrues more and more ELITE as interest is gained on holding ELITE. ➦ Redeem underlying ELITE and its borne rewards. To unlock your rewards, liquidate your XELITE shares. Doing this will also return the underlying ELITE to your wallet. — But wait! That’s not it!. — ELITE gets re-denominated when it enters the XELITE contract —1 ELITE gives 133 700 000 XELITE.1 XELITE gives 0.000000007479431563 ELITE Similar to its inspiration, XELITE is to ELITE what WOOFY is to YFI, but with a lot more innovative benefits to the end-holder, including but not limited to upscale re-denomination as well as accruing interest on and in the underlying asset (ftm.guru $ELITE).The minting ratio at the time of print The XELITE/ELITE minting ratio slowly increases as XELITE accrues more and more interest. This ratio can only increase (#UpOnly🚀) so that just by holding XELITE, our users gain exposure to ELITE rewards. — Here’s a primer on getting started with XELITE:. — Minting XELITE Step 1: Visit ftm.guru/xelite Step 2: Approve the ELITE Step 3: Enter the amount of ELITE you would like to lock Step 4: Click ‘Deposit ELITE’ below the swap interfaceRedeeming ELITE + ELITE interest Step 1: Visit ftm.guru/xelite Step 2: Enter the amount of XELITE you would like to burn Step 3: Click ‘Reclaim ELITE’ below the swap interfaceXELITE in an Index Fund Powered by the Beethoven-X exchange, XELITE is now part of an Index Fund, offering a balanced exposure to the Foundational Assets of Cryptocurrencies along with a modern array of Stablecoin primitives. — Guests of the Elite Opera. — “Guests of the Elite Opera” is a high level Token that can be redeemed for one or more of the underlying assets of this index fund. This token, just like other tokens, can be moved around freely, swapped or traded for other tokens. — The Index. — A well-balanced portfolio including 3 stablecoins and 4 native chains’ coins. Stablecoins (Fully-Collateralized USD)$USDC ― USD Coin (15%)$DAI ― Multi-collateral Dai (10%)$MIM ― Magic Internet Money (10%) Native Coins (Foundational Assets)$BTC ― Bitcoin (10%)$ETH ― Ethereum (15%)$BNB ― Binance (15%)$FTM ― Fantom (15%) and,$XELITE ― ftm.guru/xelite (10%) — Investing in XELITE Index. — All constituent assets should be preferably added in their respective weight-ratios. Alternatively, it is possible to add any number of assets in any proportion as well, but this is not recommended if the addition is a significant (>0.1%) part relative to the net AUM. Steps:Head over to our Beethoven page for Guests of the Elite Opera https://app.beets.fi/#/pool/0xe402555efa3b232ee8bc4c79a446b47b38b93ebf00010000000000000000007eAfter connecting wallet, choose the “Best Price” to add assets for a properly balanced investment.Approve the Vault for all the assets and then enter the desired amounts against each asset and press “invest”.Make sure to keep the price impact low by adding as close to the weights as possible for the best results. Upon successful investment, you will receive the “BPT-GUESTS” token in your wallet. Please keep it safely as it is the key to redeem your underlying assets. This token will also be utilized in our upcoming yield-farm* that gives ELITE as dividends for buying this Index Fund.More details will be available soon via our Discord server. It will be part of the YieldState program as it includes XELITE as a core asset — Divesting and Withdrawing. — Similar to investing and pledging assets, you can withdraw and redeem the underlying assets at any time freely. Simply move over to the withdraw section and choose the fraction (or whole) of your GUESTS portfolio you’d like to withdraw. — Important Notes. — Exposure to any asset in the Index Fund will stay limited to its respective weight. For example, if there is $100 in the Index, where BTC constitutes $10, and BTC goes up or down by 50%, the net valuation of the Index will change only by upto $5, and BTC will constitute $10.5 or $9.5, respectively.In case an assets goes down to near-zero valuation, remaining of the portfolio will stay protected and net valuation of index will only be affected up to the weight-worth of that specific asset. For example, if BTC crashes 99% (it wont!), a previously $100 portfolio will sell $9 from the remaining reserves and buy more BTC, giving a net Index Fund worth $90.The GUESTS Index Fund also utilizes its reserves to generate additional income by means of facilitating inter-swaps between the assets under management (AUM) to maintain Index weights. External traders and DeFi protocols can tap into this Liquidity freely, while paying a modest 0.1337% trading fee, which is injected back into the index fund and whose ownership is distributed pro-rata to the existing investors only.Yield Farming via the ftm.guru YieldState will enable earning extra yield on your GUESTS Index Fund. No ELITE or XELITE inflation will occur and rewards will be furnished from the “recycling” of ELITE via the E.L.I.T.E. D.A.O.’s treasury.A deeper dive into Wrapped ELITE―The tokenomics behind XELITE Despite XELITE being a contract to stake ELITE, Xelite also exists independently as a sovereign token that can freely be moved around, swapped & traded and used for almost anything that a normal token could do. — Transaction tax. — XELITE inherits the 1.337% transaction tax which is a characteristic of its parent ELITE (ftm.guru) token. Depositing and Redeeming ELITE from the Staking contract is subject to a combined fee of x0.01337^2 = 2.69%, paid in ELITE. This aligns incentives for long-term ELITE holders with the long-term project goals, as both wanted to reward holder loyalty in a bold way. Expectedly, breaking even against this fee should take less than 1 week. Exceptions All transfers and transactions which move XELITE across wallets are subject to this tax, with a few exceptions, namely:Minting XELITE from ELITE depositsRedeeming XELITE shares for ELITETrading at Beethoven-X Decentralized ExchangeInvesting in the “Guests of the Elite Opera” index fundDivesting from the “Guests of the Elite Opera” index fund into constituent assets — Rewards and Emissions. — All the collected taxes (the 1.337%) are sent to the E.L.I.T.E. D.A.O. treasury to fund staking rewards (XELITE), provide farming incentives with the YieldState and for enhancing on-chain visibility. Starting now, marketing campaigns (community consensus) will also be launched, furnished by this treasury. APRs for all ELITE-based assets across the ftm.guru ecosystem will be kept low to maintain the exclusivity and Eliteness of our main asset. This will protect us from over-inflation or worse, a hyper-inflation that most protocols with a yield-farm suffer. — Supply. — Key takeaway: ELITE supply will stay capped at 250. All the expenses incurred by rewarding ftm.guru users will be covered by recycling the E.L.I.T.E. D.A.O.’s treasury. This acts as a feedback loop that rewards the ftm.guru system as a whole based on its performance and on-chain activeness. As a parallel, XELITE contract can have a maximum of 250 ELITE deposited into it. This gives a theoretical top limit of 33,425,000,000 XELITE. As per the tokenomics as described above, this limit can only crawl lower as time goes by and the minting ratio moves higher. At the time of print, this number has already declined by over 1% to 33.08 Billion XELITE.Genesis LPT Burn — Source: ftm.guru/elite Notably, since a big chunk of Liquidity for ELITE had been burned by the DevTeam at Genesis, this limit shrinks furthermore due to the scarcity of ELITE itself.Liquid ELITE — Source: ftm.guru/elite Another factor that plays a role in the max. supply calculation would be the Total Liquid ELITE that enable trading at over 28 DEX Markets across the Fantom Opera ecosystem. A these ELLITE not only provide deeper liquidity but also act as points for extended reach and discovery, their permanence is unquestionable. The new “ELITE Gems” voting interface is under changes and would accept either ELITE or XELITE as payments to cast votes. Similar to the old mechanism that burned ELITE, these XELITE will be burned as well. All in all, if ELITE can be said to be deflationary, XELITE can be thought of as something double-deflationary, as XELITE can only created by ELITE, which in itself are getting rarer by the calendar flips.Farming and Liquidity Incentives Re-denomination of ELITE when wrapped as XELITE serves one more objective:Removing the “too expensive” stigma. Investors have a certain belief, as denoted by myriad psychological studies as “Unit Bias”, that something which is very cheap individually, has a greater chance of appraisal and could increase in valuation faster. Time and again, this hypothesis has been tested and the results have been shocking everyone, every time, proving its grounds. Thus, in order to stop this from holding back the price of ELITE (only 250 max supply!), we’ve embraced an enveloped re-denomination by means of XELITE’s special minting ratio of 1 : 133.7 Million. At the time of print, spot prices stood at: ➯ ELITE ― $6302, ➯ XELITE ― $0.00004739Exclusive $13.37k Rewards Program To align our actions with our vision, we hereby announce an initiative to bootstrap XELITE and enhance its on-chain Liquidity with rewards worth $13.37k, to be disbursed to the participants over the coming weeks. These funds come from the treasury and include multiple reward-assets such as ELITE, XELITE, FTM, ETH, BTC, BNB, USDC, DAI, MIM, etc. among many others!More details about this program are going to be shared shortly at our Discord server. We welcome you to come over and interact with our community to discover more about ftm.guru and its various offerings.Join us at :discord.gg/QpyfMarNrV,& t.me/FTM1337. — References:. — XELITE Smart Contract https://ftmscan.com/token/0x1BE23c78038B6057172848534AcD62667fA2620dELITE Market Data https://coinmarketcap.com/currencies/elite-1337Mint XELITE / Redeem ELITE + Earn Interest https://ftm.guru/xeliteAdd XELITE-FTM Liquidity at SpookySwap https://spookyswap.finance/add/FTM/0x1BE23c78038B6057172848534AcD62667fA2620dInvest into “Guests of the Elite Opera” Index Fund https://app.beets.fi/#/pool/0xe402555efa3b232ee8bc4c79a446b47b38b93ebf00010000000000000000007e
Week 41, 2021. (Sep-Oct aggregated)
😬 First of all, apologies to everyone for the late post 😬 There’s a dozen of pending updates we forgot to post here! Let’s run through the past developments and missed-out announcements together. (sorry again!) ALSO: We will now have more active conversations at Discord and be connected to telegram group as well via “#🚀・elite channel.”📰 NEWS BULLETIN 📺 — The Grand, Fantom Opera!. — ➠ Fantom $FTM crossed $2 and the floodgates opened! Opera saw inflows of Billions into its DeFi ecosystem. ELITE crossed $1000 spot 💹 — New Staking farm. — ➠ Stake SUN earn NOVA! *has 1-week timelock, taxfree claims, triple-digit APR https://ftm.guru/LF/1012 — The Zoo granted us Level-2 Status Verified Check-mark. — ➠ The Largest DEX Aggregator of Opera bestowed us a greater Status symbol! ELITE now appears in the upper class at all of Zoo’s products, including Wallet, Dex, Charts & most importantly, at Zoo-Trade. https://trade.zoocoin.cash — LF#1011 Boosted. — ➠ LITE Farmland № 1011 : SpiritSwap’s SUN/FTM LP Token Staking farm is emiting more SUNshine once again! https://ftm.guru/LF/1010 — LF#1010 Boosted. — ➠ LITE Farmland № 1010 : Single-sided SUN Staking has been pumped with more rewards — Make hay while the SUN shines! https://ftm.guru/LF/1010 — ELITE listed at CryptoKek’s Kektics. — ➠ Our favorite token ELITE was officially added to The Kektics — A leading Cryptocurrency analytics and charting platform. All users can now find ELITE easily in the whitelist and be protected against fakes. https://kek.tools/t/elite — LF#2005 Boosted. — ➠ LITE Farmland № 2005 : BLK/FTM Spooky LP earns SuperNova is reboosted. Enjoy farming at galctic speeds for the next 1m3d3h7m! https://ftm.guru/LF/2001 — FMC’s new DEX-Tracker. — ➠ Ever wondered what the hottest DEX on opera was? Where do most whales trade? Which the most Liquid Exchange is? FantomMarketCap now answers all these questions and even more (incl. Live USD Velocity of Fantom Blockchain!) https://fmc.guru/dex — LF#2002 Boosted. — ➠ LITE Farmland № 2002 : BLK/NOVA Spooky LP earns BLK was reboosted. Now farm at Escape velocity for another 1m3d3h7m! https://ftm.guru/LF/2001 — More New Games: The TIKU-Toss. — ➠ Our latest addition to the Kucino Casino is the Classic money doubler, the TIKU-Toss. Heads 🗿 or 🙃 Tails? https://kcc.guru/cointoss_3 — LF#2001 Boosted. — ➠ LITE Farmland № 2001 : NOVA/FTM Spooky LP earns BLK has been reboosted. Start farming at hyperspeed for 1m3d3h7m more! https://ftm.guru/LF/2001 — New Listings at FantomMarketCap. — ➠ Progressive listings continue: $TAROT 🃏 , $ATRI 👾 , $RAI 💱 , $GRIM 💀 , $STEAK 🐷 , $SHADE 🔂 , $MM 🍄 & $KEK 👀 https://fmc.guru — Another New Staking farm!. — ➠ SunFinance x SuperNovaFTM: Stake NOVA earn SUN! *this too has 1-week timelock, taxfree claims, triple-digit APR. https://ftm.guru/LF/2007 — LF#1011 Boosted. — ➠ LITE Farmland № 1011 : SUN/FTM Spirit LP that earns SUN has been re-boosted for 2 more weeks! https://ftm.guru/LF/2001🎁 EVENTS COMING UP 🔜 — Renovation of LITE Farmlands’ model. — ➠ The old model was a bit ancient.. if you staked your tokens, you couldnt stake them elsewhere :/ ENTER: Our new model! It will add support for “Parallel Farming”. e.g., If Alice is staking X in a farm to earn A, She can now stake her A in parallel to earn B and even C or D or EFGHIJKLM! — Roulette and Dice. — ➠ Two new games: Roulette and Dice are gearing up for release! Expected to launch simultaneously on both chains. There’s one more secret game whose details are yet to be unveiled―so stay tuned! XELITE: The Beginning ➠ We finished creating the User-Interface for xELITE. initial Ratio is set to be 1 ELITE for 133.7 Million XELITE. Proceeds from Fantom Casino and Binary Options platform will be converted to ELITE to rewards xELITE holders. — B.O. — Opening Ceremony. — ➠ We are collaborating with the BAND Protocol for developing our Binary Options platform, BO. Our first market will be FTMUSD with a 10-minute expiry and position size of 0.1 FTM. It will be closed after successful testing and followed by 3-day 13.37 FTM Binary Options. — We’re going inter-planetary!. — ➠ The IPFS-based version of our webistes will be soon made online. An ETH-DNS based domain will also be used in conjunction to serve our content seamlessly across the globe without any restrictions.SpotlightFantomMarketCap, a.k.a. FMC had a design redo, complete with a beautiful new logo! The old single-page tracker started expansion into a multi-faceted Data Tracker for Opera blockchain with new additions such as the DEX-Tracker & a top De-Fi Protocols’ Overview. With this, its time to wrap it up! It has really been too eventful recently and we might be forgetting something!For the latest and most up-to-date news updates and intel, keep in loop withour Telegram group (https://t.me/FTM1337),our Twitter handle (https://twitter.com/FTM1337)and our Discord (https://discord.gg/QpyfMarNrV)
Week 3, Sep. 21 — ELITE on Fantom
Week 3, Sep. 21 — ELITE on Fantom A new Monday is on the Horizon… This calls for a recap for this week spent at The Guru Cottage!🦾 LITE Farmlands T.V.L. The Total Value Locked crossed 100K FTM once again! In USD$ terms, we went beyond $150K! A special thanks to our new TCUZ (FTM NFT Degens), SST (Shooting Star) & The SUN farms. — https://ftm.guru/LF. — 🎲 The 1000 KUD Flipper We released our 8th Game, Kucino Casino’s 5th Gamble, our 3rd Coin-Toss and the 1st-ever Token-based Game― The 1000 KUD Flipper ! It uses the Native Token of our Listing Partner, Kudex.finance. There is a 100% RTP and a 0% House-Fee / House-Edge. So, heads? Or tails!! — https://kcc.guru/ccointoss_2. — *Please note that we’re NOT affiliated with KuDEX. Kudex.finance does not promote Gambling or other unregulated DeFi activities.✅ $ELITE gets Zoo-Verified CoinZoo, dearly known as Zoo, has granted us a Level-2 Badge on The ZooDEX and more notably, on ZooTrade, which is our goto & recommended trading platform for ELITE as it can access Liquidity across the multiple DEXes from a single place! — https://trade.zoocoin.cash/trade/market?inputCurrency=FTM&outputCurrency=0xf43Cc235E686d7BC513F53Fbffb61F760c3a1882. — 🍩 Liquidity-Locator for ELITE We updated the ELITE-analytics page with a doughnut-diagram that lets @everyone see where the ELITEs are pooled :person_swimming: at! *psst..pssSSST… its a precursor to our new upcoming “Liquidity Locator” Tool ;)* — https://ftm.guru/elite. — 👑 Introducing― xELITE The inception of a XELITE Token was voted-in as a means to profit-sharing (~xSUSHI), reward-reaping (~xBOO) and for a very special purpose: To serve as a WOOFY to our YFI, (i.e., for ELITE). The xELITE re-denominates ELITE into abundant tokens with a small price-point that helps our newer users overcome the psychological barrier of thinking that “*ELITE is too Expensive”* already. Despite a limited supply of 250, unacquainted people consider Our Spot Price ($600) to be an indicator of Our net valuation instead of Our Market Cap ($150K). They feel a token priced 0.000006 can go 10x faster than that priced $600, despite of the same market cap.🎩 Stay Tuned, ELITEs! An eventful week ahead 💯 This story is the first of our weekly updates. For the past 5 months, we have been sharing these updates on our telegram (https://t.me/FTMguru, https://t.me/KCCguru) and on our Discord (https://discord.gg/QpyfMarNrV). Please refer to them for our past records, announcements and events.
Kucino Casino : Launch update
Kucino Casino : Launch update We humbly apologize to the Kucoin Chain Community for the inconveniences caused this weekends. The circumstances that built up over the past hours were nothing short of a terrible nightmare. The good news is that we have decided to launch our token KUCINO with certain modifications, to make room for the possibility of a token migration in the near future. As Kucino Casino is part of The GURU Network, we will strive to uphold the same standard of transparency as we have held so far in all our other endeavors. — What transpired at 8 p.m. — The designated Launch Time. — We had pre-deployed our “Airdrop Tool”(See 1.) few hours in advance to make sure we distribute all the 200 contributors in a single transaction to avoid any blockchain based delays because we had had many fellow users & developers report failing or lagging transactions and wallets, potentially from an issue with the RPC nodes at KCC.network. When we attempted to deploy our kucino contracts, the RPC nodes stopped responding. Despite several dozens of attempts, nothing went through. We even tried deploying from a new instance but it had the same fate. We also made a transfer(See 2.) of 2001 KCS for this purpose: to deploy and add liquidity. We sent it back to the presale wallet soon after brojack told us this was an RPC problem and it wasn’t just us facing this issue. — Contract verification. — To add to our woes, we soon found out KCC Explorer does not natively support contract verification using multipart imports. We improvised our contract but it still didn’t get verified, probably because we use libraries. Even after several tries fiddling with our contract’s structure, the explorer only verified 1 of our 2 contracts(See 3.), but denied to verify the other one which had the exact same code. These problems only occurred on the kcc.explorer but not on other chains. We deployed, verified, listed at a dex, and even added liquidity on other blockchains yesterday with the very same copy of our contract, including XDAI, BSC and FTM, mainnets and testnets.The trivial solution — Universal EVM Standard Since the bytecode of a contract is the same, a workaround for this could be to verify the same code on a different chain that implements the Standard EVM. If a contract is exactly the same, it’s ByteCode MUST always be same, independent of the chain it is deployed upon(See 4.). We plan to utilize this strategy and suggest all other developers to follow the same until KCC explorer gets mature enough. (At the time we started writing this, explorer.kcc.io had totally stopped working since 40 minutes. We hope it is back before you read this article).The plan ahead for Kucino Casino After a long thought, we have decided to go ahead and launch KUCINO at the same time as yesterday, with the same procedure as yesterday, including high initial fees for first few minutes. The only change will be the postponement by 24 hours from our previously planned schedule.We will list KUCINO on KuDEX today at around 8 pm. The contract address will be shared at the time of launch. It will be same for all the chains we deploy upon and have the same exact ByteCode. We will provide an easy tool to visualize its identical content. We also request other members of our community who are familiar with this to verify the authenticity of our claim.We sincerely apologize for the delay and hope that you understand this went beyond our control. We will run a special program for our pre-sale contributors and early supporters at our Kucino Casino soon. We want to thank the KuDEX community and our ftm.guru Elites for their unconditional support during this tempestuous weekend. Being part of such a wonderful group of people is the most prized thing for us. — References:. — Airdrop Tool on KCC 0x056e56b3f8b78ee934206d4f6a389b0509cf682bKCC Transfer 0x086f35358ea42c8e63f4f3a165cc844acd0c0856f868038a6a565470be02127eVerified 1/2 contracts 0x396c1a0fe3b66b70feaa453470f2592394946a5aByteCode wikipedia.org/wiki/BytecodeKuDEX kudex.finance
Did the ELITE project RUG - proof ‽
Did the ELITE project RUG - proof ‽A strange transaction of 385 ELITE was noticed today on the FTMScan Explorer!Someone moved ELITE valued roughly $100k!But what was that? Was it a rug? Proof?🥁🥁🥁 drumroll … It was … a rug-proof! Since genesis, there used to be a wallet, controlled by the dev, that contained 398.365 ELITE tokens.. this was a scary thing to many who saw this as a skewed concentration and a route to rug the project! — Some history and back stories!. — When ELITE was created, at first 133.7 ELITE was added to the Liquidity Pool at SpookySwap. It was followed by 133.7 ELITE added at SushiSwap as well. The Liquidity tokens received from these were burnt (See: Spooky LP Burn & Sushi LP Burn). The plan ahead was to add 133.7 ELITE more at SpiritSwap, StreetSwap (HyperJ) and at Waka, each. Sooner than later, the community decided to concentrate the Liquidity at a single DEX, and doing so without bringing more ELITE into circulation. As a result, these 403 ELITE (398 after burning 5) got left unlisted, ducking inside a lone wallet since May. — Fast-forward to July ‘21. — Liquidity & Volume growth at Sushi for $ELITE.Today, ftm.guru (ELITE) offers multiple services to its community, including the “Farm-Maker”, “FantomMarketCap” and lots of other small tools. Despite all the efforts and working products, the project was valued at a mere $25,000-30,000 market cap. — Diving Deeper into Distribution Dilemma. — Today, we talked to a few of our community members and asked them what could be keeping our prices down. A lot of answers revolves around early buyers but there was another point of view we hadn’t notice so far: Supply distribution! Many saw the openly controlled dev wallet holding a big chunk of the supply with its 398.365 ELITE to be a problem. A common theme that emerged was that people don’t prefer ape-ing into tokens with such skewed distributions. These funds had been held in the dev-address to fulfill future plans that could demand equity from the ftm.guru ecosytem. Thus, a simple burn wouldn’t solve this problem. — The solution. — We deployed our very own custom implementation of a timelock contract and sent it the 385 (and gave Sam4x 13.37 ELITE!). It by default locks ELITE tokens against withdraws for 13 days 3 hours and 7 minutes. But why lock ELITEs for such a small duration? The answer is that this contract is special. It is a tailored smart contract that allows anyone to extend the duration of timelock by 13 days 3 hours and 7 minutes, as many times they wish for. Ooh! Interesting? Being publicly extensible, our Chefs398 SC makes sure that if there’s anyone who is uncomfortable with unlocked tokens, they can permissionlessly call the Re-Lock function and have the lockup extended for 2 more weeks! — What this means for ELITE holders & traders?. — Locking up extra tokens helps us keep them out of supply and at the same time keep the possibility of having a future use alive.This is also a strong step towards Transparency. Taking an on-chain approach makes it easy to visualize the tokenomics for someone who is new and unacquainted to the Guru Network and its inner specifics.The present state of the ELITE richlist — The Richlist. — 380 ELITE Chefs398, The Timelock Contract.34.67 ELITE Sushiswap, our chief Liquidity Pool17.65 ELITE Burnt Tokens, an ever-increasing number due to Elite-Gems Voting contract, Airdrop Tool, LITE Farmlands and other Guru Network mechanics.14.92 ELITE E.L.I.T.E. D.A.O., the bearer of all Protocol Revenues. (It has multiple sources of income, including the Casino, the Farmlands, Taxes, and from other Tools. Also includes cross-chain revenues)13.37 ELITE Sam’s stash, an incentive to keep innovating.— :> last ELITE owned by regular users, supporters, traders and other smaller smart contracts.The Conclusion 😅 ftm.guru has taken another small yet impactful step towards making the ELITE token rug-proof. — Useful Links for Today:. — The TimeLock Contract address: 0x74bfb7e94bef5767f5f6ace2d0df73a224adb689 Contract Address 0x74bfb7e94bef5767f5f6ace2d0df73a224adb689 | FtmScanThe YieldState Earn upto 160% interest on your ELITE Liquidity The YieldState | Farmlands - FTM1337 (ftm.guru) Our Telegram : https://t.me/FTM1337 Our Discord : https://discord.gg/QpyfMarNrVAlso check out: The Kucino on Kucoin Chain, the predecessor to our upcoming Casino for Fantom Opera’s DeGam Casino. Holders of KUCINO earn KCS+KUCINO+Free tickets to our high roller Jackpots! DeGam Casino, FTM Version : El Casino Kucino Casino, KCC Version : 🎰 KUCINO : KCC.guru | The GURU Network
KUCINO ― The Token & Slots.
$KUCINO is the in-game money for the upcoming Casino, Kucino (on the Kucoin Community Chain). So far we know that $KUCINO is the in-game money for the upcoming Casino, Kucino (on the Kucoin Community Chain). — But what does it do?. — KUCINO can be used to bet on slot games, enter the jackpot, flip a coin, roll the dice, spin the wheel, etc etc. It acts as the “chips” for the games offered by the Kucino Casino. The token can be freely traded on the open markets. Similar to most digital currencies, it is quite volatile and offers a lot of band to the dancing traders. Is that it? Mere speculation??The only way to avoid loss is by not playing.Behold the KUCINO, a modern day auto-gambling machine, tokenized unto the KCC Blockchain! Don’t wanna gamble your precious KUCINOs? No problems, our Tokunomics have got a present for you! — Hold KUCINO, earn KUCINO.. — and, at the same time, — Hold KUCINO, earn KCS.. — yes, The KCS, just by holding the KUCINO. And more! — Hold KUCINO, get FREE entry to our KCS jackpot.. — Double or no..NO LOSS JACKPOT!!! (wait, one more thing:) — Hold >1m KUCINO, earn a spot at The Re-Roller 🎰. — The Re-Roller is going to be one of our most played game. This Jackpot pays out 1000x and that too in KCS directly. That’s a lot to digest at once. Let’s bite slowly :D,KUCINO rewards Every holder can passively earn KUCINO tokens just by holding The $KUCINO! This is made possible by the w̶̶o̶r̶l̶d̶ moon-famous “Reflective” distribution.2% from each transaction goes into the wallets of all other holders, proportional to their holdings! *The Liquidity pools, farms and vaults don’t take a slice out of this, and they donate those parts equitably with all other holders. **The rewards reach user wallets directly without any frills!Claim KCS Here’s one of our more entertaining feature:Hodl KUCINO and get a 4% share in each and every transaction, distributed in pure KCS! *The Liquidity pools, farms and vaults don’t take a slice out of this, and they donate those parts equitably with all other holders. **Users need to “claim” their rewards at the end of their daily cycles (explained more ahead)KuPot — Drain the pot! 1% from each transaction will go into another smart contract we call “The KuPot”.This high-roller jackpot can be accessed by anyone by paying .1337 KCS for a shot at half of the Kucino-Pot (i.e.,50% of the KUCINO accrued in this contract) Needless to point, KuPot is expected to be the most-played game at Kucino due to its HUGE prize offering.🎰 The Re-Roller 🎰 This premium game is accessible to only those who hold more than 1 Million KUCINO. Ever wondered where those .1337s spent on the KuPot go?KCS collected on tickets to The KuPot is rolled into another Grand smart contract. Hit this jackpot and drain that KCS straight into your wallet! Tickets cost 0.1337 KCS, and are Re-Rolled back into this very contract. Lucky tickets drain 50% of the contract’s KCS balance.Other taxes: All-in-all, there is rougly a 11.5% fee. The remaining 4.5% includes a 4% used for auto-buyback to add liquidity, and a 3:2:1 split of 0.5% into the Airdrops (0.25%), marketing (0.17%) and dev fund (0.08%).Expected supply distribution at launch — Circulating:. — 2 Billion KUCINO : Pre-sale patrons 2 Billion KUCINO : Liquidity (+2000 KCS) — Reserves (Vested):. — 9 Billion KUCINO : Farming and incentives — Reserves (Liquid):. — 10 KCS : Single-player Coin-toss (starting contract balance) 20 KCS : Multi-player Coin-toss (starting contract balance) 21 KCS : Single-player Dice (starting contract balance) 42 KCS : Multi-player Dice (starting contract balance) — Production Budget:. — 13.37 KCS (assorted)Limits and Constants (Not final, debatable) — Anti-whale:. — 0.1% of 13.37B =13,370,000 KUCINO, The maximum allowed transaction size without a surcharge. — Fees for Whale moves:. — 100 KCS Disruptive transfer fee, used to buyback & burn KUCINO at market price from the pool. — Initial KCS Claim cooldown. — 21 hours Users can claim KCS each 21hrs. from our Dashboard. — General KCS Claim cooldown. — 73 hours Users can claim KCS each 73hrs. from our Dashboard. — Mega-claim tariff. — 20% on claims above 2 KCS. Used to buyback & burn KUCINO at market price from the pool. — Top-up Thresholds. — >+2%, n% = t%, 100% max Balances increasing over 2% will be subject to a Claim time increase. A balance increase of 20% will face a 20% increase in Claim Period, upto a double duration at maximum. 30x of balance will result in Claim cooldown being twice as long. — Zero-balance penalty. — 1 decade Claim Cooldown. Never go full R.Some useful links: KCC.guru : Kucino Website 🎰 KUCINO : KCC.guru | The GURU Network KUCINO Telegram Kucino 🎰 | KCC.guru FTM.guru Telegram Fantom Opera # 1337 | $ELITE [FTM.guru, FMC.guru] FTM.guru Website FTM1337 : ftm.guru Our Discord Server Join the FTM1337 @ The Guru Network Discord Server!
More Elite 1337 (#ELITE) News
|Cradles' New SIN System Allows You To Earn By Staking Into NFTs Of Elite...
The play-to-earn (P2E) industry had been enjoying a boom, rising to prominence amid a hype-fueled crypto bull market.
It has benefitted from the success of the gaming industry, which has managed to remain recession-proof even through the worst of economic crises. This industry continued to pull in billions of dollars when companies in other sectors were going bankrupt by the day, and this ability to bring in a steady stream of money seemed to have spilled over into the P2E space.
That is, until the bull market was over and crypto was staring down the barrel of the bear market.
Since the market decline, P2E tokens have taken the most hit. This has spilled over to NFTs, and their trading volume took a nosedive. As a result, earnings from NFTs are now lower than they had been in previous months.
Thus arose the need for an alternative way to earn from NFTs, without being wholly reliant on speculative markets. Blockchain game Cradles is one that has come forward with a new system that allows investors to earn from NFTs without having to hold it themselves.
Staking NFTs For Gameplay
NFT staking is no longer a new concept in the blockchain gaming industry. Various games in the space have adopted an NFT staking system to allow players to earn passive income from their NFTs. This not only provides earnings to the holders, but it also helps to ensure the value of the NFTs remains high by reducing the number of them being traded in the open market due to this induced holding. It also he...