🤭 Stablecoin USDN fell by 20%.
The main stablecoin of the Waves network Neutrino USD (USDN) lost about 20% of its value.
Waves CEO Alexander Ivanov states that investors Alameda Research and FTX borrowed $1 million worth of WAVES token on the Vires Finance platform and "shorted USDN".
And that's another reason to use the BAKS Algorithmic Stablecoin.
✅ People who value security use BAKS Stablecoin.
BAKS issue.
Unlimited and depends only on deposits and collateral for loans blocked in smart contracts.
BAKS is the main currency of the platform.
BAKS is used to perform all basic transactions in BaksDAO. The token is deposited as collateral when applying for a loan. BAKS can also be deposited or exchanged for other popular cryptocurrencies - BTC/BNB/ETH/USDT. The list of available currencies for exchange will be expanded in the future.
💵 You can buy and exchange BAKS on BaksDAO platform and Coinsbit exchange.
|Website|Twitter|Facebook|Instagram|Linkedin|Discord|
The main stablecoin of the Waves network Neutrino USD (USDN) lost about 20% of its value.
Waves CEO Alexander Ivanov states that investors Alameda Research and FTX borrowed $1 million worth of WAVES token on the Vires Finance platform and "shorted USDN".
And that's another reason to use the BAKS Algorithmic Stablecoin.
✅ People who value security use BAKS Stablecoin.
BAKS issue.
Unlimited and depends only on deposits and collateral for loans blocked in smart contracts.
BAKS is the main currency of the platform.
BAKS is used to perform all basic transactions in BaksDAO. The token is deposited as collateral when applying for a loan. BAKS can also be deposited or exchanged for other popular cryptocurrencies - BTC/BNB/ETH/USDT. The list of available currencies for exchange will be expanded in the future.
💵 You can buy and exchange BAKS on BaksDAO platform and Coinsbit exchange.
|Website|Twitter|Facebook|Instagram|Linkedin|Discord|
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🚀 JPMorgan CEO Recognizes the Value of Blockchain and DeFi.
JPMorgan Investment Bank CEO Jamie Dimon acknowledged the value of blockchain technology and decentralized finance (DeFi) applications. He wrote this in a letter to company shareholders:
"Decentralized finance and blockchain are real. These are new technologies that can be used both privately and publicly, with or without the need for permission."
🤭 Recall that back in October 2021, Jamie Dimon called bitcoin useless.
|Website|Twitter|Facebook|Instagram|Linkedin|Discord|
JPMorgan Investment Bank CEO Jamie Dimon acknowledged the value of blockchain technology and decentralized finance (DeFi) applications. He wrote this in a letter to company shareholders:
"Decentralized finance and blockchain are real. These are new technologies that can be used both privately and publicly, with or without the need for permission."
🤭 Recall that back in October 2021, Jamie Dimon called bitcoin useless.
|Website|Twitter|Facebook|Instagram|Linkedin|Discord|
😎 Top news in the coming days.
🟣 A cryptocurrency equivalent of Wall Street's "Attack Bull" has been installed in Miami.
🟣 Sweden has completed Phase 2 testing of the digital krone.
🟣 Certik's valuation rose to $2 billion.
🟣 Report: DeFi sector partially recovered from global correction in March.
🟣 Financial Times learned of Meta's plans to issue its own digital tokens.
Website|Platform|Twitter|Discord|Ambassador Program
🟣 A cryptocurrency equivalent of Wall Street's "Attack Bull" has been installed in Miami.
🟣 Sweden has completed Phase 2 testing of the digital krone.
🟣 Certik's valuation rose to $2 billion.
🟣 Report: DeFi sector partially recovered from global correction in March.
🟣 Financial Times learned of Meta's plans to issue its own digital tokens.
Website|Platform|Twitter|Discord|Ambassador Program
⚠️ Voting on the BDV token! ⚠️
In connection with the Community's request, we are putting forward a package of additions/changes to the BDV governance token for consideration.
✅ Main purpose:
Long-term development and growth, maintaining the stability and liquidity of the BDV token.
⚙️ The set of changes taken at this stage of the voting process:
1. Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.
Important!
The measures taken will help optimise the financial model of the Baksdao.Finance platform, find additional revenue opportunities for BDV holders and contribute to the development of the project in the long term.
🎉 How will users benefit from the changes?
1. Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).
🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.
📅 Voting deadlines: Apr 8, 2022, 3:56 PM - Apr 11, 2022, 3:56 PM.
🚨 Find out more information and vote here👇 https://snapshot.org/#/baksdao.eth/proposal/0xfb2ec4699b73f56d4a6503945f6ee638ec2d2f5859d79fc135334bba7d3c3cc6
In connection with the Community's request, we are putting forward a package of additions/changes to the BDV governance token for consideration.
✅ Main purpose:
Long-term development and growth, maintaining the stability and liquidity of the BDV token.
⚙️ The set of changes taken at this stage of the voting process:
1. Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.
Important!
The measures taken will help optimise the financial model of the Baksdao.Finance platform, find additional revenue opportunities for BDV holders and contribute to the development of the project in the long term.
🎉 How will users benefit from the changes?
1. Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).
🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.
📅 Voting deadlines: Apr 8, 2022, 3:56 PM - Apr 11, 2022, 3:56 PM.
🚨 Find out more information and vote here👇 https://snapshot.org/#/baksdao.eth/proposal/0xfb2ec4699b73f56d4a6503945f6ee638ec2d2f5859d79fc135334bba7d3c3cc6
☀️ What happened this week?
Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.
⚡️ Events:
— Voting on the BDV token!
— BaksDAO was included in the top prospective projects of 2022
— Stablecoin USDN fell by 20%.
— JPMorgan CEO Recognizes the Value of Blockchain and DeFi.
— Top news in the coming days.
🧠 Helpful content:
— How to participate in IDO — a complete guide.
🟣 BaksDAO Int |Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.
⚡️ Events:
— Voting on the BDV token!
— BaksDAO was included in the top prospective projects of 2022
— Stablecoin USDN fell by 20%.
— JPMorgan CEO Recognizes the Value of Blockchain and DeFi.
— Top news in the coming days.
🧠 Helpful content:
— How to participate in IDO — a complete guide.
🟣 BaksDAO Int |Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
✅ The voting for the BDV token has ended.
Voting results: the majority of users voted to approve the proposals.
⚙️ Proposals that were accepted:
1. Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.
🎉 How will users benefit from the changes?
1. Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).
🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.
Plans for the implementation of the proposals made will be announced additionally.
View voting results 👉 HERE
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
Voting results: the majority of users voted to approve the proposals.
⚙️ Proposals that were accepted:
1. Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.
🎉 How will users benefit from the changes?
1. Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).
🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.
Plans for the implementation of the proposals made will be announced additionally.
View voting results 👉 HERE
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
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🎉 We will be adding five new languages.
Right now the BaksDAO team is adapting the site and platform for 5 new languages.
✅ Soon 5 new languages will be available for users to use:
— Spanish.
— Portuguese.
— Turkish.
— Chinese.
— Indonesian.
👇 Follow the news on our social media.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
Right now the BaksDAO team is adapting the site and platform for 5 new languages.
✅ Soon 5 new languages will be available for users to use:
— Spanish.
— Portuguese.
— Turkish.
— Chinese.
— Indonesian.
👇 Follow the news on our social media.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
📊 CoinGecko: Market pessimism has not affected Stablecoin, Ethereum Stacking and its competitors in DeFi.
«Stablecoin market share continued to increase likely owing to investors derisking in the midst of geopolitical and macroeconomic uncertainties,» the aggregator reported in its quarterly report.
Market weakness has not hindered interest in Stablecoin, Ethereum Stacking and its competitors' DeFi-protocols. Such conclusions are contained in the CoinGecko report for the first quarter of 2022.
📈 Among the top five assets:
Bitcoin (+1.6%);
Ripple (+3.5%);
Ethereum (-8.2%);
Binance Coin (-13.5%);
Solana (-29.1%).
During the period, the total trading turnover on the ten largest CEX and DEX was $3.79 trillion, compared to $6.08 trillion in the previous quarter.
✅ Stablecoins are in high demand, but not all of them are safe.
Read the post about the differences between stablecoins and use BAKS if you want to save your money.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
«Stablecoin market share continued to increase likely owing to investors derisking in the midst of geopolitical and macroeconomic uncertainties,» the aggregator reported in its quarterly report.
Market weakness has not hindered interest in Stablecoin, Ethereum Stacking and its competitors' DeFi-protocols. Such conclusions are contained in the CoinGecko report for the first quarter of 2022.
📈 Among the top five assets:
Bitcoin (+1.6%);
Ripple (+3.5%);
Ethereum (-8.2%);
Binance Coin (-13.5%);
Solana (-29.1%).
During the period, the total trading turnover on the ten largest CEX and DEX was $3.79 trillion, compared to $6.08 trillion in the previous quarter.
✅ Stablecoins are in high demand, but not all of them are safe.
Read the post about the differences between stablecoins and use BAKS if you want to save your money.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
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🚨 Recruitment for the Ambassador Program is closed.🚨
🎉 Winners of the contest:
1. https://twitter.com/ajapeace1?t=V_YtSf3WFviUf0DdHJWXDg&s=09
2. https://twitter.com/Official_Aybee?t=IA8ZZ5ANWdeC-YGXLETVeQ&s=09
3. https://twitter.com/Olatunji34431?t=WqMs8HNrWOoNOQN6NKKN9w&s=09
4. https://twitter.com/JamesOFficialBD
5. https://twitter.com/NobleJohnson2?t=Q2ZCgZF_pbuoK2gnm9amPw&s=09
6. https://twitter.com/ksuitojr
7. https://twitter.com/LaboshDavid?t=neyPwKPtT9cQeZKn-fPxoA&s=09
8. https://twitter.com/chugun_klimkin
9. https://twitter.com/Gallardo_Mati
10. https://twitter.com/SuzOkon
11. https://twitter.com/FRANCISTITUS20?t=DjQbfntuRrV0Yl_UxaCTjw&s=09
12. https://twitter.com/IammendyJ?t=2oiAIzemHqFKkFbMcJ49-A&s=09
13. https://twitter.com/EtokSitoabasi?s=09
14. https://twitter.com/BinhTrung8
15. https://twitter.com/AUmoren1
16. https://twitter.com/HaCong112/status/1514947321452138498?t=CkMliukcT-1X5BQzUQolsA&s=19
17. https://mobile.twitter.com/davoski4luv
18. https://twitter.com/stevefavour3
19. https://twitter.com/JohnnyTimm4
⚠️ If you do not find yourself in the lists, then you filled out the form incorrectly.
😉 If you didn't make the list, don't worry! There are many contests ahead of you where you are sure to win.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
🎉 Winners of the contest:
1. https://twitter.com/ajapeace1?t=V_YtSf3WFviUf0DdHJWXDg&s=09
2. https://twitter.com/Official_Aybee?t=IA8ZZ5ANWdeC-YGXLETVeQ&s=09
3. https://twitter.com/Olatunji34431?t=WqMs8HNrWOoNOQN6NKKN9w&s=09
4. https://twitter.com/JamesOFficialBD
5. https://twitter.com/NobleJohnson2?t=Q2ZCgZF_pbuoK2gnm9amPw&s=09
6. https://twitter.com/ksuitojr
7. https://twitter.com/LaboshDavid?t=neyPwKPtT9cQeZKn-fPxoA&s=09
8. https://twitter.com/chugun_klimkin
9. https://twitter.com/Gallardo_Mati
10. https://twitter.com/SuzOkon
11. https://twitter.com/FRANCISTITUS20?t=DjQbfntuRrV0Yl_UxaCTjw&s=09
12. https://twitter.com/IammendyJ?t=2oiAIzemHqFKkFbMcJ49-A&s=09
13. https://twitter.com/EtokSitoabasi?s=09
14. https://twitter.com/BinhTrung8
15. https://twitter.com/AUmoren1
16. https://twitter.com/HaCong112/status/1514947321452138498?t=CkMliukcT-1X5BQzUQolsA&s=19
17. https://mobile.twitter.com/davoski4luv
18. https://twitter.com/stevefavour3
19. https://twitter.com/JohnnyTimm4
⚠️ If you do not find yourself in the lists, then you filled out the form incorrectly.
😉 If you didn't make the list, don't worry! There are many contests ahead of you where you are sure to win.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
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BaksDAO Blog
🤑 Meme contest! $5'000 PRIZE FUND 🤑 Contest dates: April 1 — April 30. 🏆 Prizes: — 1 WINNER for the best MEME gets 15'000 BDV. — Next TOP 1'500 winners get 1'000 BDV each. ✅ What to do? 1. Make a meme and post it on Twitter with the tag @BaksDAO. 2. Repost…
⚠️ Dear users! ⚠️
By popular demand, we have decided to end the meme contest on Sunday, April 17 at 23.59 UTC.
✅ The winners will be announced on April 22.
💪 You have just over 24 hours to create a meme or add a new one.
Warning! Make sure you fill out the form!
By popular demand, we have decided to end the meme contest on Sunday, April 17 at 23.59 UTC.
✅ The winners will be announced on April 22.
💪 You have just over 24 hours to create a meme or add a new one.
Warning! Make sure you fill out the form!
BaksDAO Blog pinned «⚠️ Dear users! ⚠️ By popular demand, we have decided to end the meme contest on Sunday, April 17 at 23.59 UTC. ✅ The winners will be announced on April 22. 💪 You have just over 24 hours to create a meme or add a new one. Warning! Make sure you fill out…»
🔥 BaksDAO Integrates Chainlink Price Feeds.
We’re excited to announce BaksDAO, a DeFi lending and borrowing platform, has integrated Chainlink Price Feeds on BNB Chain.
✅ BaksDAO is a lending and borrowing platform with a fully working product, available now on Baksdao.Finance.
👀 After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
— High-Quality Data.
— Secure Node Operators.
— Decentralized Network.
— Reputation System.
Read more about BaksDAO, Chainlink and integration in 👉 a NEW ARTICLE.
Don't forget to clap your hands 50 times at the bottom of the article 👏
We’re excited to announce BaksDAO, a DeFi lending and borrowing platform, has integrated Chainlink Price Feeds on BNB Chain.
✅ BaksDAO is a lending and borrowing platform with a fully working product, available now on Baksdao.Finance.
👀 After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
— High-Quality Data.
— Secure Node Operators.
— Decentralized Network.
— Reputation System.
Read more about BaksDAO, Chainlink and integration in 👉 a NEW ARTICLE.
Don't forget to clap your hands 50 times at the bottom of the article 👏
Medium
BaksDAO Integrates Chainlink Price Feeds to Help Calculate the Value of Collateral on Its DeFi Protocol
We’re excited to announce BaksDAO, a DeFi lending and borrowing platform, has integrated Chainlink Price Feeds on BNB Chain. By integrating…
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💥 Launch of BaksDAO Academy!
One of our principles is the development of financial accessibility. That's why we made the important decision to launch our own academy.
✅ Already in the first course, you will be able to learn:
- Where the need for cryptocurrency came from.
- How blockchain and cryptocurrencies work.
- How centralized and decentralized services differ.
- How to use wallets and buy cryptocurrency.
- How to start getting passive income from cryptocurrency.
🧠 The peculiarity of our courses:
- It's absolutely free.
- The materials are suitable for any level of knowledge about cryptocurrency.
- Each course will contain both theoretical and practical parts.
- After completing the training, the user will clearly understand how to use cryptocurrency for profit.
To celebrate the launch of the Academy, we are also planning to launch a contest. Follow the news on our social networks. 👇
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
One of our principles is the development of financial accessibility. That's why we made the important decision to launch our own academy.
✅ Already in the first course, you will be able to learn:
- Where the need for cryptocurrency came from.
- How blockchain and cryptocurrencies work.
- How centralized and decentralized services differ.
- How to use wallets and buy cryptocurrency.
- How to start getting passive income from cryptocurrency.
🧠 The peculiarity of our courses:
- It's absolutely free.
- The materials are suitable for any level of knowledge about cryptocurrency.
- Each course will contain both theoretical and practical parts.
- After completing the training, the user will clearly understand how to use cryptocurrency for profit.
To celebrate the launch of the Academy, we are also planning to launch a contest. Follow the news on our social networks. 👇
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
🎉 BaksDAO.Finance platform is available in 5 new languages!
Available languages:
- English.
- Spanish.
- Portuguese.
- Turkish.
- Chinese.
- Indonesian.
- Russian.
✅ To celebrate the addition of new languages, we are launching a new contest:
1. Repost the post.
2. Find an error in the translation on the platform.
3. Share the error on the form.
4. Get a place in WaitList.
🔥 Go for it!
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
Available languages:
- English.
- Spanish.
- Portuguese.
- Turkish.
- Chinese.
- Indonesian.
- Russian.
✅ To celebrate the addition of new languages, we are launching a new contest:
1. Repost the post.
2. Find an error in the translation on the platform.
3. Share the error on the form.
4. Get a place in WaitList.
🔥 Go for it!
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
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📊 Chainalysis: the profit from investments in cryptocurrencies in 2021 exceeded $162 billion, the leader is the U.S.
In 2021 the profit from investments in digital assets reached $162.7 billion (in 2020 - $32.5 billion):
1st place. United States - $47.9 billion.
2nd place. United Kingdom - $8.1 billion.
3rd place. Germany - $5.8 billion.
4th place. Japan - $5.1 billion.
5th place. China - $5.1 billion.
"The report reflects the growth of the ecosystem in 2021, especially in DeFi. [...] Cryptocurrency remains a source of economic opportunity for users in emerging markets," the document states.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
In 2021 the profit from investments in digital assets reached $162.7 billion (in 2020 - $32.5 billion):
1st place. United States - $47.9 billion.
2nd place. United Kingdom - $8.1 billion.
3rd place. Germany - $5.8 billion.
4th place. Japan - $5.1 billion.
5th place. China - $5.1 billion.
"The report reflects the growth of the ecosystem in 2021, especially in DeFi. [...] Cryptocurrency remains a source of economic opportunity for users in emerging markets," the document states.
|Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|