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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

Who Are the Founders of Idex?

Idex was launched by CEO and co-founder Alex Wearn and his brother and COO Phil Wearn. Alex Wearn previously worked for renowned companies such as Amazon, IBM, and Adobe and is an alumnus of Kellogg School of Management. Phil Wearn has a professional background in accounting with a degree in astronautical engineering and entrepreneurial experience. The management team is complemented by CTO Brian Yennie, a software engineer with over 20 years of experience. As per Linkedin, the current Idex team is 29 people strong. Idex launched in 2017, with its 2.0 version launching in fall 2020 after closing $2.5 million seed investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis.

What Is Idex (IDEX)?

[Idex](https://coinmarketcap.com/currencies/idex/) claims to be the first hybrid liquidity [DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) that combines an order book model with an [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm). It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement. Users benefit from that in several ways. First, this approach does away with failed trades and wasted money on gas fees, making the trading experience more pleasant and efficient. The instant trade execution means front-running or sandwich attacks are not possible and users can trade without waiting for previous trades to settle. As a result, more advanced order types and trading strategies can be executed since limit orders are possible, opening up arbitrage opportunities with other exchanges. Idex follows an ambitious roadmap that envisions a multi-chain future for the exchange, which currently runs on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and [Binance Smart Chain](https://coinmarketcap.com/currencies/binance-coin/). For the remainder of 2021, it plans to launch on [second layer solutions](https://coinmarketcap.com/alexandria/glossary/second-layer-solutions) and [Polkadot](https://coinmarketcap.com/currencies/polkadot-new/) and implement a referral. For the future, Idex plans to implement leverage trading and launch on additional layer one and layer two blockchains.

Numbers Protocol provides content verification for AI-powered companies and creativity tools. It offers efficient and low-cost digital provenance infrastructures and decentralized storage, which not only enhance trust in digital content but also provide a pathway for innovative content monetization strategies.

What does the token do?

The $IAG token powers IAGON's Shared Storage Economy Ecosystem. It’s an ERC-20 token for now with the plan to be adopted for Cardano blockchain as well. $IAG tokens give you access to a passive revenue stream and multiple utilities, which is why they can be potentially valuable: * Commit Storage to earn fees in stable coins and get additional rewards in $IAG as a resource provider. * Stake $IAG to earn a portion of the transaction fees from the decentralized storage marketplace. * Delegate to Iagon’s Cardano Staking Pool to get $IAG rewards as an ADA holders.

What makes Iagon unique?

Iagon is taking a user-centric approach to the solution of decentralised data storage. We are firm believers in data privacy rights and are building Iagon around data protection regulation. Iagon is a decentralised data storage platform that builds a decentralised marketplace for the purchase of storage in a shared economy model—taking a well-proven economic model and implementing it in the cloud storage product space. There are many more things about why Iagon will have a unique place in the market, but we want to share more information about these attributes when they are ready for release. *Subscribe to our [social media](https://linktr.ee/iagon) to keep updated.*

Who are the founders of Iagon?

Key Features & Capabilities?

* Iagon Integration It can be integrated with third party applications (like metaverse, NFT platforms..etc), enabling access to the shared storage economy. * The Network is Decentralized To ensure that the users, storing data, are in complete control of their own data. * Highly Secured Through file encryption, encoding and our unique sharding algorithm, we are able to store files with any desired degree of redundancy and security. * Compliance The service is designed around modern data regulation. To be compliant and protect the users. Example: GDPR * Built on Cardano The solution is built on the Cardano Blockchain due to its scalability, cost efficiency, predictability, smart contract capabilities and positive environmental footprint. * Network Performance Explorer IAGON takes into consideration performance of each resource providers, including availability, trustability and other variables (including location for compliance..etc) to optimize the end-user experience.

What is Iagon?

IAGON is a shared storage economy that bridges decentralization and compliance for Web 3.0. To make this possible, Iagons' network is decentralized to ensure that all data is only accessible by whom the content owner allows access. Our Blockchain technology enables this type of storage solution, with the desired layers of security on top. Iagon is more than just a secure storage service for individuals and businesses. Our marketplace offers value for companies that want to leverage the core application and build their services on top, interacting with the market through our API and business logic. * Decentralized Marketplace Based on storage supply and demand, we provide resource providers and customers access to a decentralised marketplace for trading storage and earning rewards. * dApp Interoperability The application architecture is compatible with other Web 3.0 applications built by third parties. * Resource Providers Anyone can commit storage to the network and start earning rewards at any time. Be that a person with a private computer, a data center or other types of devices. * Secure Storage Our decentralized storage solution is customizable to each user's security and data privacy requirements through multiple encryption and security protocols layers.

Where Can You Buy Elastos (ELA)?

Currently, you are able to purchase ELA at the following exchanges: [Coinbase](https://coinmarketcap.com/exchanges/coinbase-exchange/) [Crypto.com](https://crypto.com/product-news/crypto-com-app-lists-elastos-ela) [Bitget](https://www.bitget.com/support/articles/12560603803053) [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) If this is your first time purchasing a cryptocurrency of any kind, you can start by learning more about [buying Btcoin here](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Is the Elastos Network Secured?

Elastos mainchain, an open-source blockchain protocol, uses a unique Elastic Consensus mechanism combining three systems for robust security and transaction execution. These include Auxiliary Proof of Work (AuxPoW) for block production merge-mined with Bitcoin, Bonded Proof of Stake (BPoS) blending elements of delegated proof of stake and proof of stake for secure block finality, and Proof of Integrity, backed by Elastos' decentralized autonomous organization (DAO), for added security across both the mainchain and sidechains. This combination ensures a secure and efficient foundation for decentralized applications. For more details, you can visit the Elastos Mainchain Introduction page.

How Many Elastos (ELA) Coins Are There in Circulation?

Elastos has a maximum supply of 28,220,000 ELA coins. Keep in mind that Elastos is actively searching for both new and existing DApp projects throughout its Cyber Republic initiative.

What Makes Elastos Unique?

Elastos has four pillars that enable network separation as well as platform flexibility. These are blockchain, runtime, carrier and software development kit or SDK. The blockchain separates app functionality between the main chain and side chains for each individual application. This flagship product of the Elastos Smartweb has the entire decentralized ecosystem into a single application. Elastos stands out with its integration of BeL2, a Layer 2 solution enhancing Bitcoin's capabilities. This integration promises improved scalability, smart contract capabilities, and enhanced security through Zero-Knowledge Proofs. BeL2 aims to address Bitcoin's limitations in transaction speed, smart contract complexity, and privacy issues, heralding a new era of blockchain functionality.

Who Are the Founders of Elastos?

Rong Chen, a former senior software engineer at Microsoft, is the founder of Elastos. He initiated the project after returning to China post his tenure at Microsoft Research. His vision was to develop a web-oriented operating system. Feng Han, a co-founder, joined forces with Rong Chen in 2017 to integrate blockchain technology into the project, thereby advancing its vision.

What Is Elastos (ELA)?

Elastos, founded in 2017 and building on a vision from 2000, is a blockchain-powered internet version. Its recent breakthrough is the introduction of BeL2, a Layer 2 solution leveraging SmartWeb technology to revolutionize Bitcoin transactions. Elastos is using SmartWeb technology to build the Bitcoin second-layer network BeL2, which extends the efficiency and scalability of the Bitcoin network through smart contracts. This endeavor will enable Bitcoin to power a smart economy and effectively release the liquidity of hundreds of billions of dollars in staked Bitcoin assets. With over 50% of Bitcoin's hash power protecting it through merged mining, ELA boasts extremely high security and credibility in its network, earning it the esteemed title of "BTC Queen" within the community.

Where Can You Buy EVER Tokens?

EVER is listed for trading on numerous cryptocurrency exchanges, including [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) and more. Want to keep track of EVER prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/).

Who Are the Founders of Everscale?

Everscale is the byproduct of a collaboration between several companies and teams. There are over 200 people working full-time on developing the network and its ecosystem. The main core contributors are Broxus and EverX.

What Is Everscale (EVER)?

[Everscale (EVER)](https://coinmarketcap.com/currencies/everscale/) is a fast and secure [layer-one blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) that aims to become a decentralized platform for high-performance applications with real-world relevance, such as Stablecoins, CBDCs, DEXes, Bridges, Gaming Platforms and more.

Where Can You Buy Flamingo (FLM)?

As of October 2020, FLM token trading is not yet available at any of the cryptocurrency exchanges and can only be received via direct participation in the Flamingo network. We will update this page when FLM starts trading on publicly available exchanges.

How Is the Flamingo Network Secured?

FLM is based on NEP-5, Neo’s token compatibility standard, so it is secured by Neo’s blockchain. In turn, Neo is secured by two hash functions: [SHA-256](https://coinmarketcap.com/alexandria/glossary/sha-256) (the same one Bitcoin [[BTC](https://coinmarketcap.com/currencies/bitcoin/)] is secured by) and RIPEMD-160.

How Many Flamingo (FLM) Coins Are There in Circulation?

FLM tokens are planned to be issued in several batches and distributed among the ecosystem’s participants based on their actual participation in the network. Flamingo’s team emphasizes the fact that no FLM tokens will be sold, minted or given to the platform’s team prior to its public launch. During the first week after the launch of the Flamingo Vault — the so-called “mint rush” period — 50 million FLM are to be distributed among staking pools. After the launch of Flamingo Swap (week 2-5), 40 million more FLM will be distributed to liquidity providers. During week 6-9, an additional 30 million FLM will be distributed among liquidity providers and FUSD minters. Finally, during week 10-13, another 30 million FLM are set to be distributed between liquidity providers, FUSD minters and Flamingo Perp traders. There is no upper limit on the total FLM supply: after the initial period of minting and the launch of the governing decentralized autonomous organization, the issuance of new FLM tokens and their distribution will be subject to the [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) of the ecosystem’s users.

What Makes Flamingo Unique?

Flamingo positions itself as a singular platform that combines multiple decentralized finance tools for Neo into a common ecosystem that will be governed by its users via a decentralized autonomous organization. Decentralized finance is a nascent, fast-growing trend in the cryptocurrency industry that encompasses various financial solutions that often operate on top of cryptocurrency blockchains. Working as a sort of second-layer industry, DeFi platforms are conceptually aligned with the idea of the cryptocurrency industry as a whole: eliminating third parties and singular points of failure from monetary and financial systems. Having emerged in early 2019, by mid-2020 the DeFi industry already boasted over $4 billion in locked collateral assets. Some of the main use cases in DeFi are cryptocurrency lending, [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is usually provided by a single separate platform. Flamingo’s unique advantage comes from the fact that it’s aiming to combine all the key financial instruments for the Neo cryptocurrency token (token wrapping, liquidity pooling, asset vault and contract trading) and make them available via a single platform that will be governed by its own users in a decentralized way.

Who Are the Founders of Flamingo?

The founder of Flamingo is Da Hongfei, a Chinese entrepreneur also known for co-founding one of the main competitors of Ethereum: the blockchain network Neo, which Flamingo is based on. Hongfei has also co-founded OnChain, a private blockchain services company. Da Hongfei has a degree in English and technology from the South China University of Technology and has worked as the CEO of the IntPass Consulting firm prior to teaching himself how to code and entering the blockchain scene in 2013-2014.

What Is Flamingo (FLM)?

Flamingo is a decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) platform based on the Neo [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization ([DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)). Different components of the Flamingo network are planned to be launched in several phases: * Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology and others: September 23, 2020 * Swap and LP token staking: September 30, 2020 * Phase 3 vault launch and stablecoin issuance: October 28, 2020 * Perp launch: November 25, 2020 * DAO launch: December 23, 2020

Where Can You Buy Dego Finance (DEGO)?

Dego Finance (DEGO) can be traded on the following exchanges: * [Binance](https://coinmarketcap.com/exchanges/binance/) * [Hoo](https://coinmarketcap.com/exchanges/hoo/) * [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) * [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) * [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/) Read our guide on how to [buy Bitcoin](https://coinmarketcap.com/how-to-buy-bitcoin/) to learn more.

How Is the Dego Finance Network Secured?

Dego Finance has been audited for security by the blockchain security firm Beosin. The Dego algorithm enjoys the immutability features of blockchain technology and pursues an algorithm-first decentralization principle.

How Many Dego Finance (DEGO) Coins Are There in Circulation?

As of March 2021, Dego Finance (DEGO) has a circulating supply of 8,607,383 tokens with no maximum supply data available.

What Makes Dego Finance Unique?

Dego Finance is a stand-alone, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions and trading. The Dego community can propose and elect ambassadors. The top 10 volunteers who receive the highest number of votes are elected as the Dego ambassadors, who then receive a Dego Ambassador Medal NFT, giving them the right to represent Dego at industry events. DEGO are [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens are minted via liquidity mining. They serve as the governance and equity token of the Dego ecosystem. Users that hold DEGO can participate in community proposals and voting and receive continuous dividends. DEGO has adopted a fair distribution system with no private placements or pre-mines.

Who Are the Founders of Dego Finance?

Dego Finance was founded and is being developed by a team that remains anonymous as of March 2021.

What Is Dego Finance (DEGO)?

Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token ([NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token)) and decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) tools. It is an independent, open NFT ecosystem. To learn more about this project, check out our deep dive of [Dego Finance](https://coinmarketcap.com/alexandria/article/what-is-dego-finance-dego). Any user is allowed to launch an NFT and initiate mining, auctions and trading, covering the entire lifecycle of the product. Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution. Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.

Who Are the Founders of Victoria VR?

Victoria VR was founded by CEO Ondřej Dobruský and COO Adam Bém. Ondřej Dobruský is a technological expert with over 16 years of experience inventing new technologies, solutions and their application. Experienced with over 11 years of leadership and dream team assembling. Gaming and Virtual Reality enthusiast and developer since 2010 and Game Architect since 2018. Adam Bém is a tech entrepreneur, problem solver, team leader, Blockchain expert and Virtual Reality propagator. Has over 5 years experience with project and team leadership, project planning, strategic planning, project presentation and blockchain technology. Successfully led 2 technological projects with automated trading algorithm development and cyber security emergency team.