The Palm Tree ⚡Network Profile picture
Apr 5 4 tweets 4 min read Twitter logo Read on Twitter
1/4 We love ♥️developments that, through their simplicity, can solve a problem with astonishing ease.

🙋🙋‍♀️How many of us end up holding small amounts of various tokens in our wallets that never seem to grow?

#xDustconverter has long since offered us an interesting solution. Image
2/4 Something as simple as:

✅ going to xdustconverter.com
✅connecting your wallet
✅selecting the coins you want to convert to eGLD
✅and clicking "convert small amounts"

will allow you to make a profit from those small amounts you store.

#crypto #conversion #savings
3/4 And the incredible thing is that it's an open-source tool! How awesome is that?!" 🎉🙌

You can view the code of the #xDustConverter smart contract using the new SC validation feature on the explorer at

explorer.multiversx.com/accounts/erd1q…
4/4 Get the code now on GitHub! github.com/buidly/sc-dust….

Get involved in revolutionizing the way to build on @MultiversX .Contribute, collaborate and help build a better decentralized future 💻🚀

#opensource #blockchain #smartcontracts

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More from @ThePalmTreeNW

Apr 3
1/9 🔬 Today, we'll explore how @MultiversX's Adaptive State #Sharding is an advanced technique that enhances the scalability and efficiency of #blockchain networks.

Let's dive in! 🧵👇
2/9 Instead of simply dividing the information into smaller fragments, it uses a smarter approach 🤖 to distribute the information based on its relevance and accessibility.

#sharding #blockchainsharding
3/9 The Adaptive State #Sharding uses a 🌐 network of #nodes divided into domains, each with its own task and responsibility assignment.

These nodes are divided into two categories

✅central nodes
✅peripheral nodes.
Read 9 tweets
Mar 29
1/7 🔥@itheum has teamed up with @Cointelegraph to spread its mission of data ownership through blockchain-powered tools.

Leveraging Ct's global audience and Accelerator Program, they aim to reach the masses and democratize data ownership.

Let's dive into Itheum's world 🧵👇
2/7 @itheum have a suite of Web3 tools enabling streamlined trading of user data, featuring a decentralized data exchange that empowers data ownership in the #Metaverse and brings new market value.

🙋Reclaim control of your data and participate in platform gov through a #DAO
3/7 @Itheum enables bridging of high-value data from Web2 to Web3, facilitating P2P trades.

Their suite of privacy-preserving, regulation-friendly, and cross-chain products and tools offer comprehensive core #blockchain data infrastructure for enterprise and consumer use cases.
Read 7 tweets
Mar 27
1/7 Impermanent loss 💰is a common term in DeFi (decentralized finance) that refers to the temporary loss of funds that liquidity providers (LPs) may experience when they provide liquidity to a liquidity pool. 👇🧵 Image
2/7 When LPs provide liquidity to a pool, they contribute funds to 🔁buy and sell two different tokens in a fixed ratio.

As the prices of these tokens fluctuate, the ratio of their values in the pool may change, resulting in a shift in the LP's portfolio composition.
3/7 This change in portfolio composition can lead to impermanent loss, which is the temporary reduction in the LP's portfolio value compared to if they had just held the tokens outside the pool. 💸.

For example:
Read 7 tweets
Mar 22
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.

#crypto #liquidity #dex
Read 6 tweets
Mar 13
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.
Read 7 tweets
Mar 6
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.

#Peerme #Voting
3/7 Customizable voting methods in #Peering DAOs ensure that your workflow is seamlessly integrated with the decision-making process:

✅Basic Token Voting (ESDTs)
✅NFT/SFT Voting
✅MultiSig Voting
✅Plug in your existing Smart Contract (𝒔𝒐𝒐𝒏)

Make #voting easy and flexible
Read 7 tweets

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