Virtual currency benefits from Facebook’s name change

The price of Mana, a digital currency dedicated to selling virtual land, spiked when the Facebook company changed its name.

Late last week, the little-known digital currency, Mana, surged in value as investors were excited about Facebook’s company name change to Meta, to show its ambitions to grow into a space company. virtual (metaverse).

According to CoinMarketCap data, the price of Mana hit an all-time high of $4.16 on Saturday night (October 30), up 400% from trading levels shortly after Facebook announced it was changing its name to Meta. After peaking, the price of Mana gradually decreased and traded around 3 USD at 6:30 pm +7 time zone.

The evolution of the value of the Mana coin. Source: CoinMarketCap

Launched in 2017, Mana is the digital currency of Decentraland, a self-proclaimed metaverse platform where users can buy and sell virtual assets. In this platform, virtual lands are NFTs (Non-fungible tokens) running on the Ethereum platform. Lands are bought and sold with Mana.

Vijay Ayyar, head of Asia Pacific at crypto exchange Luno, said Mana and other metaverse-focused cryptocurrencies are benefiting from Facebook.

The coinciding of Facebook’s new name is like a vote of confidence between speculators and investors, that the concept of metaverse is having a serious shift in perception that will soon be applied. Cryptocurrencies, including tokens of blockchain-based games Axie Infinity and The Sandbox, have also seen decent gains over the past few days.

According to Ayyar, investors are looking to smaller alternative cryptocurrencies, or altcoins, as interest in Bitcoin has begun to dwindle after the world’s largest digital currency hit price levels. a record of nearly $67,000 last month. Usually, once Bitcoin breaks through an all-time high, it sees money flowing into other altcoins.

Last week, a coin Shiba Inu challenged Dogecoin’s position amid investor speculation over whether Robinhood might add the coin to their trading platform. Shiba Inu currently ranks above Dogecoin in terms of market capitalization, with over $39.6 billion.

Virtual currency exchanges are recognized by many people

Currently, there are many cryptocurrency exchanges in the country as well as abroad. Let’s review the top recommended virtual currency exchanges for participants in the Blockchain market.

After many experiences owning and trading Bitcoin and other Altcoins, along with the reflection of the crypto community, we have come up with a ranking of today’s virtual currency exchanges.

Huobi

Topping the list of recommendations because of its advantages and convenience: Rich coins, large trading volume, free OTC trading floor, Margin loans support for many markets.

Is a major exchange of China and Southeast Asia. Huobi was originally developed in China. However, after the strict regulations on Crypto trading, Huobi has grown and developed worldwide. In Vietnam, since 2018 Huobi has established a representative office in Ho Chinh Minh. Along with a series of programs, airdrops, and markets, Huobi has really shown its serious ambition in developing the market.

Transaction fee: 0.2%/ each transaction. Owning Huobi Token will receive a 25% fee reduction.

Binance

Binance is the world’s largest digital currency exchange, founded in Shanghai, China by Changpeng Zhao – CEO of Beiji Technology and currently has many headquarters in countries such as Korea, Malta , USA, Singapore and many other countries. With the right paths, Binance has always maintained its leading position and is a trusted address for crypto-asset investors on the Blockchain market.

Although this exchange does not have an exchange, the transaction fee is quite cheap. You can buy crypto from Huobi or Remitano and then transfer it to Binance for trading.

Transaction fee: 0.1%/ each transaction. If you own Binance Coin, the transaction fee will be reduced by 25%.

Remitano

Remitano is a product of Babylon Solutions Limited – founded in Seychelles, providing a guaranteed P2P Tether USDT trading solution where anyone buys and sells Tether USDT easily and absolutely securely with a simple yet effective interface. efficient, friendly customer support team 24/7 and lowest transaction fees. Remitano is built by highly specialized teams with experience working in professional banking systems and in building systems in Finance, Cryptocurrencies, Payment Systems and Software Development.

Currently, Remitano is provided and used in many countries such as USA, Malaysia, Nigeria, Vietnam, Campodia, China and is being developed and expanded every day.

However, the disadvantage of Remitano is high transaction fees, few Altcoin pairs. However, with a growing Team, the future of Remitano is expected.

Transaction fee: 1% per transaction. The transaction fee is 0% if you are the person who posts buy/sell news on the exchange.

Bittrex

Fast, safe and stable trading floor is an important factor to help investors feel more secure when participating in their investment projects. One of the exchanges trusted by investors is Bittrex.

Bittrex is a legal virtual currency (cryptocurrency) exchange based on the US legal system, headquartered in the US and one of the first companies licensed to operate for cryptocurrency transactions. in New York City.

The transaction fee of this exchange is at 0.25% per transaction.

What is Human Protocol? Information about the latest HMT virtual currency

Human Protocol a decentralized solution to organize, evaluate and compensate businesses and individuals through blockchain technology.

Today, Human Protocol interacts with hundreds of millions of people in 274 countries and territories worldwide. Applications built on Human Protocol technology already serve more than 15% of global internet traffic, protect many familiar websites and brands from bot networks, and contribute millions of data points that help refine tweak algorithms.

Features of Human Protocol

Human Protocol enables API-based platforms to automatically manage labeling, evaluation, and data delivery for machine learning and other applications at web scale, giving AI/ML systems new capabilities to meet the world.

Human Protocol provides an open infrastructure and lets market forces prevail. A sophisticated recording system and reputation ensure the job is right for your exact needs. You can stick to existing popular apps like hCaptcha and CVAT, or iterate over the APIs and tools your workforce is most comfortable with.

The Human Protocol Foundation will launch on Moonbeam, allowing Moonbeam to explore a dynamic and potentially faster transition to the network. They will be able to launch a contract on the Moonbase Alpha TestNet and implement ERC-20 compatible labeling.

Human Protocol technologies

Proven Applications

Applications powered by Human Protocol are used by hundreds of millions of people each month. Uses include labeling data, protection against bots, and more. Human Protocol is network agnostic and currently supports Ethereum, Polkadot, Solana.

Empowers Workforces

Human Protocol has codified and implemented replaceable tasks of any size and requirement to help companies and individual workers to be independent and maximize their resources, using the network to minimize idle time.

Supports Global Job Markets

Support the creation of decentralized job markets in which entities on both sides of the transaction can transact securely, trustless, without the need for an intermediary. Human Protocol’s smart bounty enforces rules, ensuring fair operation.

Flexible and popular

Designed to let you specify almost any type of job.

Unreliable quality control Money

Smart Bonus ensures Claimants only pay when the job is done right.

Ability of extension

Batch work across networks to scale to billions of tasks.

Link

New applications do not require network consensus.

Multichain Native

Network-agnostic, multi-layer-1 support. Oracles network users can opt-in to new features from job to job.

HMT virtual currency

HMT is the native token of Human Protocol. Participants use HMT to trade and to reward validators who provide services to Human Protocol.

No single individual or organization can obtain more than 1% of the network through a public sale of HMT tokens. HMT tokens will be allocated in the following manner, subject to applicable laws and regulations.