Cryptocurrency markets continue their downtrend and investors are looking for altcoin projects where they can profit. For this reason, it is very important to be aware of developments in the sector. As Kriptokoin.com, we have compiled some of this week’s most important cryptocurrency events to keep our readers informed. These upcoming events include strategic partnerships, bid voting, updates, etc. is located. This week, eyes will be on the 5 altcoin projects on our list. Terra (LUNA) upcoming genesis launch and Kava 10 update are some of the highlights of this week.
Here are the 5 altcoin projects to focus on this week:
Kava 10 Mainnet Launch
The Kava 10 mainnet upgrade, originally planned for May 10, 2022, is finally near. According to reports, the postponement was done to adequately prepare for a smooth launch. The highly anticipated mainnet launch will now take place on May 25, 2022. You can find more information on this on the Kava Network Twitter page. Kava is a layer-1 blockchain known for its speed and interoperability.
Rigel Protocol Auto-Period Launch
DeFi platform Rigel Protocol has announced details of its upcoming Auto-period feature. The feature will be released on May 24, 2022. Also, according to the announcement, the Auto-Period Launch feature will help automate investing in the DeFi space. With it, users will be able to perform automated DeFi transactions without any hassle. They just need to pre-configure the desired market conditions. When these conditions are met, the trade will be executed automatically. With the Automatic Period Feature, users will be able to:
- Automated transactions
- Product Staking and
- Market building
As previously announced, the launch will take place on May 24, 2022. Pancakeswap will be supported by DEX platforms such as Quickswap and Uniswap. Also, supported chains include Binance Smart Chain (BSC) and Polygon (MATIC).
Terra Proposal 1623 Governance Vote
The entire Terra (LUNA) ecosystem crashed about two weeks ago. Despite moves to strengthen the Terra ecosystem, it is still generally in the red zone. The UST algorithmic stablecoin is currently trading at $0.06 instead of holding steady with the US dollar. LUNA, on the other hand, lost about 99.9 percent of its total value during the crisis. To save the situation, the Terra ecosystem came up with 1623 proposals. The offer will convert the Terra chain into two (2) separate chains.
Also, voting to pass the proposal is currently ongoing and may 25 It will expire in 2022. Therefore, interested community members can vote for or against the proposal here. If successful, the Genesis file of the proposal will be created on May 27, 2022. The official launch of the network on the same day will also be followed closely.
This altcoin is now listed on the BitMart exchange
Bitmat will add support for Realms of Ethernity (RETH)
The Realms of Ethernity (RETH) altcoin project is now traded on the BitMart exchange. In a recent announcement, BitMart announced that RETH token trading is now supported on its exchange. Also, the launch of the deposit feature took place on May 21, 2022. Interested investors can now trade altcoins. This feature will be followed by the introduction of the withdrawal feature on May 24, 2022. Also, the supported trading pair is the RETH/USDT trading pair. Realms of Ethernity is a play and win (P2E) MMORPG. Also now available on Uniswap.
Staking Dapp Launch of UFO Gaming, last altcoin on the list
Decentralized social gaming platform UFO Gaming will launch dapp staking soon. As part of the launch, the deposit feature for dapp staking will also launch on May 25, 2022. The launch will also announce the launch of The Dark Metaverse. In addition, thanks to the launch, UFO players and users will have the chance to win double prizes.
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