ALPEX Global Weekly Newsletter — December Week 4

Latest news and updates from ALPEX Global, a leader in digital asset trading!

As a leading fintech company, ALPEX Global aims to educate people on how this disruptive technology will benefit the entire world. ALPEX Global introduces a variety of subsidiaries including ALPEX Derivatives Exchange, ALPEX Academy, and its own APX Token. With a keen eye on the market, ALPEX Global aims to create a safe, reliable, and flexible trading platform building its core on innovation and sustainability. We utilize our years of broad experience and sharp insights to provide our investors with secure operating systems, complete transaction tools, and various financial resources. Our technology helps investors better understand risk and make more powerful trading decisions.

Overview

This week’s newsletter includes information about Instagram’s plan to make NFTs more accessible to a wider audience. We will be discussing Vitalik Buterin’s addition to the Dogecoin Roadmap staking team. Furthermore, Binance launches new auto-burn mechanisms to replace quarterly burn cycles for the Binance Coin. All this and much more are in the newsletter this week.

To start our newsletter, Instagram’s CEO, Adam Mosseri, announced that the social media application is considering non-fungible tokens (NFT). Adam Mosseri, Instagram’s CEO, discussed NFT technology on Saturday, following Facebook’s transformation into Meta. The Instagram story was part of a series of AMA questions directed at the company’s CEO. In response to a question about NFT integration with Instagram, Mosseri said the company was investigating the possibility.

The company is exploring how to make a wide audience more accessible to NFTs, Mosseri said. In addition to being a place where we can play, Instagram’s CEO added that it was also an opportunity to support creators. The CEO did not provide any specifics on how the company will be adding NFT support in his Instagram story. Aside from saying it is “exploring NFTs” as well as attempting to scale to a “wider audience,” Instagram keeps pretty tight-lipped about such features. We will keep an eye out for further updates and keep you posted as always!

In exciting news, Dogecoin has published its roadmap for 2022, which includes a list of new features. There is also a proposal for Proof-of-Stake, which was contributed to by Ethereum co-founder Vitalik Buterin. Elon Musk’s endorsements have played a major role in the success of Dogecoin this year. For the first time in eight years, Dogecoin has published a roadmap. As published on the Dogecoin website, the plan includes a proposal for Proof-of-Stake, which allows investors to earn interest by staking their DOGE tokens.

A unique Doge proposal means everyone will be able to participate in the feature, not just the big players. A portion of staking rewards will also go to charity. In line with the roadmap, the proposal will be developed in partnership with Vitalik Buterin, who is currently preparing to switch to Proof-of-Stake as part of the Ethereum 2.0 roadmap.

Initial suggestions for Proof-of-Stake were made by Vitalik Buterin in September. The miners are currently rewarded with around $970 million in DOGE rewards from Proof-of-Work, he explained. Dogecoin will also have a redesigned site and an encyclopedic FAQ section, according to the roadmap. Additionally, the roadmap mentions radio and Starlink-based Dogecoin nodes, as well as a point-of-sale app developed in partnership with a yet-to-be-specified Layer 2 project.

Following the plans laid out, developers will also gain several enhanced tools. The Dogecoin team aims to create a C library for Dogecoin (Libdogecoin), a written specification (Dogecoin Standard), an SDK for Dogecoin (Dogecoin Keyring), and an API for processing transactions (GigaWallet). Despite the lack of precise dates on the roadmap, most of these features will become available in 2022.

In other news, Binance, the cryptocurrency exchange that currently has the largest market capitalization, has decided to drop the quarterly coin burn mechanism for a more transparent, predictable, and efficient token auto-burn mechanism for BNB, Binance’s native token. The move was a result of increased demand from Binance Smart Chain (BSC) users and Binance communities for a better blockchain system. In addition to the BNB auto-burn mechanism, Binance previously had two other burning mechanisms in place: a real-time burn of a percentage of gas fees on the BSC and one based on Binance’s Accelerated Burn Program, which the BNB auto-burn mechanism replaces.

In a blog post, Binance announced the implementation of a revised BNB Auto-Burn procedure effective immediately. “We have been listening closely to feedback from the Binance Smart Chain (“BSC”) and Binance Blockchain (“BNB”) communities.

It is a common practice for altcoin creators to control the number of tokens available in circulation through coin burning. In most cases, including Binance, this involves storing the tokens in an inaccessible wallet to remove them from circulation. As a result of the deployment of the updated system, the burning process can be verified and objectively assessed.

Binance’s native token, BNB, acts as a fuel for the Binance Smart Chain, similar to gas on the Ethereum network. Although BSC is not controlled or operated by Binance, it is supported by a community of users and delegators. Furthermore, Binance’s profit no longer determines the amount of BNB burned, but rather the price of BNB and the level of BSC activity. Furthermore, the change is also intended to improve the level of transparency and predictability of BNB transactions. In a quarter, the revised BNB auto-burn mechanism will remove approximately 1.69 million BNB and will cease once BNB circulation falls below 100 million.

In fact, Binance has committed to burning 100 million BNB since the launch of BNB, which was half as much as the original supply. As soon as the total circulating supply of BNB drops below 100 million, the Auto-Burn will be discontinued.

The company took out of circulation 1,335,888 BNB, or about $639,462,868 at the time, during its last quarterly burn. In the 16th quarterly burn event, the team destroyed $400 million worth of BNB tokens.

In addition, the world’s largest cryptocurrency exchange, Binance, joined a recently established crypto hub established by the Dubai World Trade Centre Authority (DWTCA). Following the launch of the comprehensive crypto zone in Dubai by the DWTCA on Monday, Binance announced the signing of an understanding with the DWTCA the next day.

In part of its participation in the DWTCA’s initiative, Binance will help the organization outline the vision of “accelerating the establishment of a new industry hub for global virtual assets,” the company said in an announcement.

Lastly, German company Deutsche Telekom AG, Europe’s largest telecommunications company, is supporting Polkadot, a popular framework of public blockchains created by Ethereum co-founder Gavin Wood. T-Systems Multimedia Solutions (MMS), a subsidiary of Deutsche Telekom that is immersed in digital innovation, supports blockchain technology.

As part of its deep dive into the space, telecom provider T-Mobile has already provided infrastructure support (as well as participation in) proof-of-stake (PoS) consensus mechanisms for Chainlink, Flow from non-fungible token (NFT) pioneer Dapper Labs, and Celo, a mobile-first payment network.

Deutsche’s innovation department is extending even further by forging ties with Polkadot: The company will provide node-running infrastructure to users staking assets on Polkadot, as well as purchasing Polkadot’s native cryptocurrency, DOT, to stake on its behalf, which has involved integrating a crypto business function into the telco’s accounting system.

Despite Polkadot being the fourth blockchain, Deutsche Telekom is working with, it is the first network T-Systems evaluated for infrastructure running and has been on its radar since the beginning, according to Andreas Dittrich, head of Deutsche Telekom’s Blockchain Solutions Center. Dittrich explained that T-Systems will run several validators on the Polkadot network, both public and private.

The DOT tokens will allow us to participate in the governance of the network, as well as demonstrate our commitment to the infrastructure case in a recent interview. There is a major difference now, in that it is not being funded by venture capital or innovation budgets. It is being funded by our business unit. Therefore, we have to prove the business case. This is a project I’m proud of.

The network’s first “parachains” went live over the weekend after a wait of a year or two. Polkadot may have taken T-Systems a while to get off the ground, but the timing is impeccable.

At the moment, the focus is on decentralized finance applications (DeFi), stablecoins, and Ethereum compatibility protocols in the “layer 1” networks that anchor Polkadot at “layer 0”. In contrast to “layer 2” systems which aim to speed up transactions on existing blockchains such as Ethereum, “layer 1” blockchains run independently of each other.

When asked about possible use cases that T-Systems might identify, Dittrich pointed to the early days of enterprise blockchain, when Deutsche Telekom became a part of the Linux-affiliated Hyperledger stable of permissioned ledgers.

ALPEX Global strongly believes that cryptocurrencies will become mainstream. As we bid farewell to 2021, we would like to thank you for your interest in our newsletter and our future initiatives. In closing, here are the comments of our Senior Editors, echoed by our entire team.

Editor’s Note:

Dear ALPEX Followers,

As the crypto market continued to announce major developments, 2021 was a year of cryptocurrencies. From NFTs to web 3.0, and play to earn — 2021 was a defining year for cryptocurrencies. 2021 will be remembered as the year cryptocurrency took off across the globe. This is due to mainstream acceptance, the emergence of new digital coins, and even the challenge to central authorities over the notion of ‘currency’. In the midst of the transition to Web 3.0, people have been introduced to the idea of using digital tokens instead of cash as a form of currency.

Over the course of the year, we participated in many Blockchain, crypto, and smart economy conferences and events. On every day of the week, we learned something brand-new about blockchain technology and researched new coins, tokens, and NFTs.

This year will be remembered for Bitcoin becoming the world’s largest and oldest cryptocurrency, and gaining mainstream acceptance in El Salvador, amid its dizzying rally. Moreover, blockchain-based technology gave rise to non-fungible tokens (NFTs), and these tokens differ from cryptocurrency in their inability to be exchanged.

Our year was also bittersweet. We saw, the Chinese government published a memo forbidding Bitcoin trading and mining. Xinjiang’s Zhundong economic zone and Sichuan were forced to shut down power supplies to industrial-scale Bitcoin farms by June this year.

Mainland Chinese authorities believe cryptocurrency disrupts economic order and facilitates illegal asset transfers and money laundering. Aside from energy waste, crypto miners are also blamed for coal mining accidents that can be deadly — which puts the country’s efforts at reducing carbon emissions at risk.

Retrospectively, 2021 was the year web 3.0 was born. Described as the next stage of web evolution, Web 3.0 will make the internet more intelligence-like by allowing it to process information with a human-like level of intelligence. A key component of Web3 is the creation of software and platforms that are not reliant on traditional companies or Web 2.0 business models like advertising.

In the wake of the positive sentiment surrounding crypto, a new breed of crypto entrepreneurs has formed with the intent of transforming the global financial system. Investment growth in crypto demonstrates how crypto is challenging traditional asset classes such as traditional stocks, commodities, and gold as the most popular investment option.

Pekka Kelkka, the wise crypto guru and ALPEX Advisor, believes that Cryptocurrencies are about to surpass the Burj Khalifa in popularity next year. The crypto market will explode, and we will reach new all-time highs. I think this is very helpful advice, and I encourage you to stay tuned to ALPEX Global for all the exciting things that will happen in 2022.

Stay safe and Happy New Year!

Marketing Summary:

In market news: In response to the crypto community’s backlash against OpenSea’s IPO, OpenDAO is airdropping tokens to OpenSea users. According to Dune data, the number of addresses receiving SOS tokens has surpassed OpenSea’s 250,00 users and has gone live on mainstream centralized exchanges such as Firecoin and Okex, creating a Christmas miracle for DAO. OpenSea officially declared that SOS has nothing to do with it, so the token price began to fall sharply and is now down by 25%.

On December 23, the decentralized stablecoin UST (Terra USD) reached a market cap of $9.479 billion, surpassing DAI’s $9.035 billion and taking its place as the industry’s mainstream stablecoin. According to general consensus, the strong tie between LUNA and UST, as well as the strong market demand for UST, has led to an increase in the price of LUNA, which in turn has caused the price of UST to rise. This is an indication that the stablecoin circuit is becoming increasingly decentralized.

Information about the marketing department : The ALPEX team met this week for training and planning upcoming projects. ALPEX Academy ambassador project is currently underway, with the Academy project at the core of ALPEX’s work. A proper announcement to the majority of users will be made as soon as possible.

Furthermore, Continually revising and updating the white paper, the ALPEX team recollected and reorganized the framework structure. On Christmas eve, the ALPEX team enjoyed a Moroccan feast and sweet treat. We hope you had a great holiday season and that the new year will be just as wonderful.

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TEAM ALPEX Global