1/6 Today we're gonna give a shoutout 🙌to the awesome work that a DEX like @jexchangeP2P is doing for the @MultiversX ecosystem, especially in the early stages of a project when credibility and #liquidity are crucial for survival.
Let's get started! 🧵👇
2/6 One of the big challenges for a project when it's starting out is getting the necessary #liquidity and, once you've got it, building a #community. 👨👩👧👦
#JEXchange is super valuable, especially for projects just starting out🌟, before they face the challenge of creating a LP.
3/6 Bear markets make it even tougher 🛠️- liquidity tends to gravitate towards more established projects.
That's why #decentralized exchanges that make it easy to create liquidity pools 🌊are key to a project's success and growth.
1/7 Today, we're going to take a deep dive into Liquid Staking. 👂Have you heard of it?
🧐Liquid Staking is a technique that allows users to obtain liquidity while participating in the #staking process of #cryptocurrencies.
Follow this thread to learn more! 🧵👇
2/7 Traditionally, staking requires users to 🔒lock up their funds in a staking network for a set period.
#liquidstaking, on the other hand, allows users to obtain fungible tokens 🔐that represent their staked funds, which can be traded on the market.
3/7 By depositing 📥their staked tokens in a custodial vault, users receive a 🪙fungible token that can be 🔁 traded on cryptocurrency exchanges or used as collateral for loans or other financial transactions.
1/7👂Have you heard of @PeerMeHQ (formerly Superciety)?
If you're looking for the perfect place to build your idea or project's #DAO, look no further!
Stay tuned for more details in this thread.👇🧵
2/7🫂Efficiently manage your decentralized community with an ALL-IN-ONE toolkit from #Peering#DAOs.
@PeerMeHQ utilizes #Blockchain & Smart Contracts for transparency and trustability and is built on top of @MultiversX to let all projects onboard easily.
1/7: If you're new to the #DeFi universe, you might be wondering what the heck a liquidity pool is.
A cryptocurrency #liquiditypool is a collection of funds from multiple users that are locked in a smart contract to facilitate trading for a specific #cryptocurrency pair.👇🧵
2/7: Liquidity pools are often used in decentralized exchanges (#DEXs) to ensure that there is always enough liquidity available for trades, even if there are no other buyers or sellers on the market.
3/7: The💲price of each token in a liquidity pool is determined by a constant product formula, where the product of the quantity of each token in the pool remains constant.
1/5 Understanding the dimensions of the agreement between @MultiversX & @tencentcloud is crucial in envisioning its possibilities. From collaboration with an Asian giant and its market potential to the scope of the partnership and its services. Quick summary of the deal🧵👇
2/5 💻Tencent Cloud tencentcloud.com is a cloud computing service provided by the Chinese tech giant Tencent, offering a range of solutions for businesses and developers to store, process, and analyze data, build and deploy applications, and more. #TencentCloud
3/5 Tencent Cloud supports Web 3.0 as a tech enabler, drawing on years of experience in 🎮gaming, 👂audio, and 🎥video to offer top computing power, storage, network, and media technologies for an immersive experience. It provides strong tech support for Web 3.0 developers.
1/8 Today, we are glad to dive deeper into one of the main projects of #MultiversX: @CantinaRoyale, the Web3 entertainment platform for the next billion gamers. Let's go! 🧵👇
2/8 Cantina Royale is a top-down real-time arcade shooter, and you can play it in beta version on iOS, Android, Windows, and MacOS. cantinaroyale.io/play-now
🧐And what will you find when you download it?...
3/8 You can use the 🆓 play mode, where you can create an account and start playing.
💰But if you want to get rewards and enter the Cantina Royale ecomomy you need to create a Verko account and buy an NFT.