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Dec 7 14 tweets 4 min read
🚀 The launch of @chainlink staking is a resounding success, with over 11 million $LINK staked so far! The long-awaited #Chainlink upgrade, introducing Staking v0.1 on the Ethereum mainnet, was completed a few hours ago.

A thread 🧵👇
1/ Chainlink staking is designed to make the ecosystem more stable. The native LINK token can be staked for rewards by users to encourage trustworthy behavior and increase network security.
2/ This functionality is fundamental to the operation of Chainlink Economics 2.0. The incentive system was designed to give nodes a reason to improve the oracle's data quality and performance over time.
/3 The demand for $LINK staking is extremely high. Since yesterday, only a small part of the community has been able to stake up to 7,000 LINK, or about $53,000, in the capped v0.1 staking pool, provided they meet at least one of the criteria on the early access eligibility list.
/4 As of tomorrow, December 8, at noon ET, anyone can participate in the capped staking pool, with an initial limit of 7,000 $LINK per address.

They will initially limit the total amount of $LINK that can be staked to 25,000,000.
/5 Stakeholders in the node operator community receive 2.5 million $LINK, while the remaining 22.5 million $LINK are distributed to the community on a first-come, first-served basis.
/6 According to Etherscan data, 11.1 million $LINK, or about $75 million, had been staked as of press time. This sum is dispersed among more than 2,600 different mailing addresses. More than 950 addresses deployed 7,000 $LINK, and 725 addresses staked fewer than 1000 $LINK.
/7 The #Chainlink Staking v0.1 pool's cap should be quickly reached, given the brisk participation that is currently occurring.
/8 Participants must understand that the staked $LINK and rewards will stay locked until the anticipated release of Staking v0.2, which is expected in 9 to 12 months.
/9 Based on a conservative release cycle, a lock-in period of 12–24 months was initially anticipated. However, after discussions with several community members and node operators, faster iterations were found to be a more practical solution.
/10 Because staking reduces the available LINK in circulation, it has the potential to stimulate price increases. The $LINK price has been stuck within a narrow trading range for the past seven months.
/11 As of go time, the $LINK price had dropped by as much as 4%, mirroring the general market trend. The $6.89 price tag put it dead center in its trading range.
/12 The $5.30 mark is a crucial support level, while $9.60 is the ceiling of the range's potential movement upwards. The latter level must be broken for $LINK to return to the bullish territory.

Will you be staking your $LINK? 💰 Let us know in the comments below.
Read the full report here:
flagship.fyi/outposts/break…

& stay tuned for more updates 💥

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More from @FlagshipFYI

Dec 6
💥 Platform developer LGND.io is developing Web3 music platform LGND Music, in a multi-year partnership with blockchain network developer @0xPolygon and global entertainment company @warnermusic 💥

Let's have a look 🧵⬇️

#web3 #blockchain #musicindustry #LGND
1/ The platform, set to debut in January 2023, will support "digital collectibles from any blockchain in a proprietary player", enabling users to play their digital collectibles on the go.
/2 Select Warner Music Group artists will be able to introduce digital collectibles on both the app and desktop platforms.
Read 6 tweets
Dec 6
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.

A thread 🧵

#Tether #CNH #stablecoins #stablecoin
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
Read 8 tweets
Dec 6
@Panoptic_xyz, a Uniswap-based decentralized finance (#DeFi) protocol, has just raised $4.5 million in a funding round led by Gumi Cryptos Capital. Other investors included @cbventures, @UniswapLabsVC, the @BlizzardFund, and more.

Let's dive in 🧵
1/ #Panoptic aims to revolutionize the decentralized options trading market, just as @Uniswap offers decentralized cryptocurrency spot trading.

According to COO and co-founder Jesper Kristensen, the company obtained the funding through an equity plus token warrant arrangement.
2/ Kristensen also stated that they plan to use Uniswap's automated market maker (AMM) as the foundation for Panoptic's initial release.
Read 6 tweets
Dec 6
🚨 @cryptocom has partnered with @CocaCola to launch a collection of non-fungible tokens (NFTs) called "Piece of Magic" NFTs. Approximately 10,000 NFTs will be hosted on @cryptocom's blockchain 🚨

Read more below 🧵

#WorldCup #WorldCupNFT #FIFA #CRO $CRO #NFT #NFTs
1/ The NFTs are themed around the 2022 FIFA World Cup and were created using player heatmaps from the tournament. @CocaCola and digital artist @gmunk worked together to produce the NFTs.
2/ To be eligible to win one of the NFTs, potential buyers must register for an account on @cryptocom's NFT platform and sign up on the Coca-Cola fan zone website.
Read 6 tweets
Dec 6
💥 $1INCH vesting unlock approaching 💥

On December 30, @TokenUnlock's calendar shows that over $111.5m worth of #1INCH network tokens will become vested, representing nearly 15% of the total supply.

A thread 🧵
/1 In December 2020, 1INCH released 6% of its token supply into circulation. The total supply of 1INCH is capped at 1.5 billion, with tokens becoming available through vesting every six months from January 2020 to December 2024.
/2 As of December 30, the second and final vesting for the year 2022 will take place. CoinMarketCap and Coingecko estimate that there are currently about 668,975,312 1INCH tokens in circulation.
Read 9 tweets
Dec 5
Welcome to @FlagshipFYI Cosmos Check-ins! Our goal is to provide you with up-to-date and in-depth news about the Cosmos Ecosystem in a few minutes! Follow the 🧵 and get up to date… #CosmosEcosystem #Cosmos #FlagshipFYI #Blockchain #blockchaintechnology Image
1/ This week, the projects on Cosmos have been busy building, leading up to the new year.
2/ We now have a completed timeline of Interchain Security, following the ending of the second phase of Game of Chains.
Read 15 tweets

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