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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

What is BinaryX ($BNX)?

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3. Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

What is Alephium?

Scalable for devs. Secure for users. Decentralized for all. Innovative sharding meets expressive sUTXO and efficient Proof-of-Less-Work to secure scalable dApps for real-world use cases.

Where Can You Buy Bone ShibaSwap (BONE)?

As of May 2023, Bone ShibaSwap (BONE) is available on [ShibaSwap](https://coinmarketcap.com/exchanges/shibaswap/), [Uniswap (V3)](https://coinmarketcap.com/exchanges/uniswap-v3/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Poloniex](https://coinmarketcap.com/exchanges/poloniex/), [Bitget](https://coinmarketcap.com/exchanges/bitget/) and more. Want to keep track of BONE prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/) to follow the real-time prices of BONE, BTC and other cryptocurrencies.

How Is the Bone ShibaSwap Network Secured?

Bone ShibaSwap (BONE) is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token based on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain, which is secured by the Proof-of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus algorithm while a set of decentralized nodes validates transactions. Furthermore, all tokens of the Shiba ecosystem (SHIB, LEASH, BONE), including the Bone ShibaSwap [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract), have been audited by CertiK.

How Many Bone ShibaSwap (BONE) Coins Are There in Circulation?

Bone ShibaSwap (BONE) was created as the governance token for the Shiba universe based on the [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard. It can be traded on its own [DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) ShibaSwap, where Shib Army can exchange tokens for listed digital assets. Bone ShibaSwap has a maximum supply of 230,000,000 coins with 229,923,351 BONE in circulation as of May 2023. According to the [document](https://shibaswap.gitbook.io/shibaswap/) posted on GitBook, 10% of all emissions are allocated to the Multisig-controlled treasury/Development Fund, and 0.05% of the exchange trade fees are awarded to holders of the tBONE token. As for monthly BONE emissions, ~13,824,000 $BON tokens are released monthly, primarily for stakers and liquidity providers (LPs).

What Makes Bone ShibaSwap (BONE) Unique?

The ShibaSwap team is building a metaverse platform — combining three tokens, SHIB, LEASH and BONE — towards the development of what the project calls "the best Decentralized Ecosystem (DECO) on the planet." BONE is a governance token for ShibaSwap, which allows owners to participate in governing activities, make proposals for future development, and vote on the decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)) — Doggy. On the platform, users can DIG (provide liquidity as SSLP), BURY (stake SHIB, LEASH, BONE), SWAP [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens and receive WOOF returns (rewards), FETCH (migrate Uniswap V2 liquidity to ShibaSwap and earn additional BONE), and utilize BONEFOLIO (analytics for ShibaSwap). Shiba Inu is the second most valuable memecoin by market capitalization, currently standing at $5.2B, and once hit a high of $40B.

Who Are the Founders of Bone ShibaSwap?

The Bone ShibaSwap project was established by the team behind Shiba Inu (SHIB), which was founded in 2020 by an anonymous person/group of people known as Ryoshi. BONE was introduced to the community in parallel with the launch of the decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) — ShibaSwap, in July 2021.

What Is Bone ShibaSwap (BONE)?

Bone ShibaSwap (BONE) is the ShibaSwap decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) governance token with voting functionality. BONE allows the Shiba Inu community, also known as Shib Army, to vote on upcoming proposals, submit proposals and access future [NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token). The more BONE tokens users have, the more significant their votes are. BONE is the [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based token in the Shiba ecosystem, including [Shiba Inu (SHIB)](https://coinmarketcap.com/currencies/shiba-inu/) and [Doge Killer (LEASH)](https://coinmarketcap.com/currencies/doge-killer/) tokens. According to the Shiba Inu website, SHIB is the "[Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) (DOGE) killer." Due to its popularity, the project is the second-largest dog-inspired [memecoin](https://coinmarketcap.com/alexandria/glossary/memecoin) in the crypto space. The ShibaSwap exchange was launched on July 7, 2021 to allow platform users to trade their SHIB tokens for other cryptos. BONE is a middle link in the ecosystem. On ShibaSwap, SHIB holders provide liquidity for BONE reward tokens. Users can stake tokens to earn rewards. Rewards depend on the amount and duration of the staked tokens.

Where Can You Buy ARK?

You can buy ARK at any crypto exchange that supports the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, you can check out the full list on the ARK website or click on our market pairs tab. There are also downloadable exchange plugins for the ARK Desktop Wallet. ARK can be stored on an exchange, in the ARK wallets, multi asset crypto wallets, crypto debit card wallets or ledger hardware wallets.

How Do You Mine Or Stake ARK?

You cannot mine ARK, ARK is forged by elected delegates that run the network. ARK runs on a custom designed [delegated proof-of-stake](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos) blockchain with 51 forging delegate slots and eight second block times. Each forged block creates 2 ARK which is sent to the validating/forging delegate for it’s work. Delegates are elected by ARK token holders. The token holders voting power is locked at 1 ARK = 1 Vote, as users cannot vote for more than one delegate with a given wallet address. This addresses concerns with centralization and power groups that have plagued DPoS in the past. Potential forging delegates can run instances of the ARK Core and campaign for forging status by gathering vote weight from token holders. Users who wish to place their delegate into one of the top 51 slots execute a special vote transaction using the ARK Desktop or ARK Mobile wallets, assigning vote weight to the delegate. ARK used in voting is not locked and can freely exit and enter the voting wallet address at any time. The staking rewards system is handled by the delegates themselves and each delegate's reward system is completely unique to each. The ARK team does not run the ARK public network.

What Is ARK Trying To Solve?

ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework is designed to give developers easier access to blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, handling peer-to-peer operations, ledger database management, API access, custom business logic and more. Within the ARK Core Framework is the Generic Transaction Interface (GTI), which enables developers to create custom transaction types that run on a customized blockchain and fulfill the developer's desired use case. The concept is similar to building a decentralized application in Solidity. However, there is no complex new language to learn as the GTI functions in TypeScript. Lastly, the decentralized ARK-based application and any related crypto assets would run on a sovereign interoperable blockchain to address scaling concerns.

What Is ARK?

ARK is a cryptocurrency- and [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain)- based development platform allowing anyone to create their own fully customizable and interoperable blockchain. Reducing the industries need for Smart Contracts by using custom transactions, logic and multiple programming languages. ARK was founded in mid 2016, running a Toekn Exchange Campain(TEC) later that year which raised $800K in bitcoin and other exchanged cryptos. Sound financial planning has allowed the team to become a well-funded entity since its inception. On March 21, 2017, the ARK Public Network went live, hosting the native ARK crypto asset. The ARK business entity formed shortly after, called ARK ECOSYSTEM SCIC. The business entity is commonly referred to as 'ARK.io' which is part of the teams branding as well as the teams website. The ARK Ecosystem consists of an open-source blockchain technology stack authored in TypeScript programming language. ARK’s public network acts as a live implementation of ARK technology, node operators acting as delegates on the network, standalone blockchains running on ARK technology with independent node operators, business entities that develop products powered by ARK as well as assist in maintaining the code base, an enterprise division driving adoption as well as a community of users, developers and service providers. The ARK Public Network supports special transaction types such as multi-payment, multisignature, many various registration transactions, and IPFS hash transactions. ARK’s Launcher product, allows fully customizable interoperable blockchain creation using a graphical user interface. This plug and play creation method allows developers to fully utilize ARK’s consensus model, technology stack, product line and custom transactions.

In the blockchain game, a huge number of transactions occur. However, many blockchains cannot handle so many Transactions, and nodes often crash. Oasys, as a game-specific blockchain, uses technology that is less likely to fail due to the increased number of transactions caused by games.

Where Can You Buy Constitution DAO (PEOPLE)?

PEOPLE is available on [Uniswap (V3)](https://coinmarketcap.com/exchanges/uniswap-v3/) and [0x Protocol.](https://coinmarketcap.com/exchanges/0x-protocol/)

How Is the Constitution DAO Network Secured?

Constitution DAO was a non-profit connected to the DAO’s LLC that was legally owned by two of the DAO’s members.

How Many Constitution DAO (PEOPLE) Coins Are There in Circulation?

Since a DAO could not own the copy of the Constitution, its contributors would not have received fractional ownership of the Constitution. Instead, PEOPLE is a governance token that would have given its owners voting rights over where the Constitution would have been placed, i.e., which museum would host the physical copy.

What Makes Constitution DAO Unique?

Constitution DAO was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with [GameStop](https://coinmarketcap.com/alexandria/article/gamestop-share-price-surges-as-crypto-exchange-lists-stock-and-elon-musk-weighs-in), Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history. The DAO published its first tweet on November 12, only six days before the Sotheby’s auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAO’s Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week. Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by [Olympus (OHM)](https://coinmarketcap.com/currencies/olympus/), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction. In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the project’s website.

Who Are the Founders of Constitution DAO?

Constitution DAO did not have a single source of origin, but can instead be seen as an evolution to the grassroots fundraising movements that led to the rise of meme coins like [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) and [Shiba Inu](https://coinmarketcap.com/currencies/shiba-inu/). The DAO raised more than $47 million from 17,000+ donors in just a few days, with a median donation size of $206. It also sparked a viral Twitter movement that cheered on the DAO’s efforts with memes. Key contributors to the DAO were Brian Wagner and Liminal Warmth.

What Is Constitution DAO (PEOPLE)?

[Constitution DAO](https://coinmarketcap.com/currencies/constitutiondao/) was an experiment that has now been dissolved. In November 2021, a group web3-enthusiasts gathered as a [decentralized autonomous organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group managed to raise well over $40 million in ETH, it ultimately fell short and was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel. Constitution DAO announced that it would disband after its unsuccessful grassroots attempt to buy one of the most valuable and iconic documents in U.S. history. All donations are being refunded.

Where Can You Buy Dent (DENT)?

DENT coins are relatively accessible for purchase, being ERC-20 tokens. One of your solid choices is [Binance](https://coinmarketcap.com/exchanges/binance/), which has the largest trade volume of DENT coins as of April 2021. Another option to purchase DENT tokens is [KuCoin](https://coinmarketcap.com/exchanges/kucoin/). Of course, it is crucial to note that investing in cryptocurrency can be risky, as coin prices are incredibly volatile. [Find more information here](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying cryptos.

How Is the Dent Network Secured?

DENT is an [Ethereum](https://coinmarketcap.com/currencies/ethereum/) based [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. This means that the Dent platform operates thanks to the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus method. Unlike [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/), which utilizes the proof-of-work ([PoW](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow)) consensus mechanism, Dent relies on large stakeholders to become nodes and transaction validators. The benefits of PoS consensus mechanisms are many, but the most prominent include increased scalability and reduced electrical and computing power consumption. Considering this, many platforms are looking to utilize the Ethereum blockchain to launch their products. Dent is one of the pioneer projects to launch an ERC-20 token back in 2017.

How Many Dent (DENT) Coins Are There in Circulation?

According to the company [whitepaper](https://www.dentwireless.com/whitepaper), there is a maximum supply of 100 billion DENT tokens. The total circulating supply at the time of writing is 93,690,412,211 DENT tokens. Of the total supply, 8.6 billion DENT tokens were sold at a fixed price of $0.0005 per token during the company’s initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)). 30% of all DENT tokens remain at the company for strategic acquisitions and market seeding, user incentives, salaries and bonuses. The remaining 70% of the token supply was released during pre-sale and sale events, and any outstanding tokens were locked up and released quarterly after that.

What Makes Dent Unique?

Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data. Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.

Who Are the Founders of Dent?

[Tero Katajainen](https://hk.linkedin.com/in/terokatajainen) is the founder and CEO of DENT Wireless. He acquired a master’s degree diploma in sciences from Tampere University of Technology in 1999. After graduating, he became a system administrator and java programmer at the university. In 2001, Katajainen became the CTO of Genetics AG, and in 2003 he founded Pocket Indian Software Solutions. Katajainen served as a senior Java/Android consultant for the United Nations in 2015. He has multiple awards and honorary achievements in the field of technology. [Mikko Linnamäki](https://www.linkedin.com/in/linnamaeki/) is a co-founder of DENT Wireless. Since 2000 he has been an active entrepreneur and businessman. With five successful businesses before founding Dent, Linnamäki introduces himself as a “serial web-entrepreneur and Internet software pioneer.” His most long-standing business venture is Smartseed GmbH, which has been successfully operating since late 2000. Since then, Linnamäki participated in the founding of DEVCOT, one of the largest open-source IMAP servers globally.

What Is Dent (DENT)?

Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) technology’s powers to create a global marketplace for mobile data liberalization. Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra.

Where Can You Buy Status (SNT)?

The Status Network Token is a modular utility token that fuels the network as a whole. It is free to use and communicate with, however, you do need SNT to access features of the Status Mobile Ethereum Client. The top crypto exchanges for buying, selling and trading of Status (SNT) include: [Bittrex](https://coinmarketcap.com/exchanges/bittrex/) [OKEx](https://coinmarketcap.com/exchanges/okex/) [ZG.com](https://coinmarketcap.com/exchanges/zg-com/) [BiONE](https://coinmarketcap.com/exchanges/bione/) [Upbit](https://coinmarketcap.com/exchanges/upbit/), and [Bithumb](https://coinmarketcap.com/exchanges/bithumb/) Here’s a[ step-by-step guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to teach you all about crypto and how to buy your first coins.

How Is the Status Network Secured?

When it comes to the Status network as a whole, it has a main goal of being a truly decentralized communication tool that over time can remove all third parties and minimize any attack vectors for malicious actors. Messages are not blocked or censored, and they are pseudo-anonymous when the user chooses this as an option. You can send, store and receive cryptocurrencies and tokens within the Status wallet, as the private keys are never exposed. You browse through Web3, where the end user data and browsing information is not accessed by any third parties. The user’s identity in Status starts with a locally generated cryptographic keypair, which is protected with a password. Status also uses the Waku protocol for peer-to-peer or [P2P](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) communication, and Waku itself relies on a network of peers to route the messages to each other. It has end-to-end encryption by default, and perfect forward secrecy which is built on the X3DH and Double Ratchet specifications from Open Whisper Systems. The cryptocurrency is stored on a non-custodial wallet, and there's a signing phrase to protect from any phishing attacks.

How Many Status (SNT) Coins Are There in Circulation?

The current circulating supply of Status or SNT is at 3,470,483,788 SNT with no maximum supply available. When it comes to the market cap, it is approx. $187,525,492 USD as of February 2021. SNT is an[ ERC-20](https://coinmarketcap.com/currencies/erc20/) token that is used to access and power decentralized services in the Status Network. It is an open source project that anyone can use to their specific needs and is verified by the Messari Disclosures Registry.

What Makes Status Unique?

Status, or SNT, is an open-source messaging platform as well as a mobile interface. This interface allows its users to interact with DApps running on the ETH blockchain. In return, users get over 2,000 DApps, can send and receive encrypted messages on a peer-to-peer basis and can make payments as well as utilize smart contracts. The network itself uses Status Network Tokens, or SNT, that are the native currency on the platform. The goal of Status is to make the adoption of Ethereum DApps quicker and more efficient. There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. The contributors conduct research on a crypto economic model, and peer-to-peer technologies can ensure a healthy Status Network.

Who Are the Founders of Status?

The Status network as a whole was founded by Carl Bennetts and Jarrad Hope. Both of them ran a software distribution company prior. They had a previous work relationship of over six years on various projects, and three of those years were committed to operating a software distribution network, which drove over 20 million installs throughout many software offerings. All of the profits were used to fund their future projects. During this time they were in a unique position to see how personal data on the internet is bought and sold, and how users are acquired and retained as a result..