$FTM

Hey Binance fam! 👋 You might have heard about the big news: FTM is rebranding to S! 💥 This news sent FTM's price on a wild ride! 🎢 But now, we're seeing some serious bullish momentum! 🚀
So, what's the deal? 🤔
FTM has shown a strong bounce after the initial price action from the rebranding news. 📈 If it can hold this level, we could be looking at some exciting targets ahead! 🚀
But wait, there's more! 🤔
We need to keep a close eye on the red level (see chart). ⚠️ If FTM loses this level on a higher timeframe (like a daily or weekly chart), it could invalidate the bullish setup. 📉
What should you do? 🤔
* Watch the Red Level: Keep a close eye on the red level! ⚠️ It's our key support level.
* Confirm the Bounce: If FTM holds above the red level, that's a good sign! 📈
* Risk Management: As always, remember to manage your risk! ⚠️ Set your stop-loss orders to protect your profits.
Is it time to buy? 🤔
That depends on your risk tolerance and trading strategy. 🧐 If you're feeling bullish on S and think it's ready to rally, this could be an opportunity to consider.
Disclaimer: This is not financial advice. ⚠️ Do your own research and consult with a financial professional before making any investment decisions.
Let's see if S can continue its bullish run! 🚀🚀🚀
#FTM #Rebranding #Binance #CryptoTrading #SONIC

On August 19, 2024, Binance announced its plan to support the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF). Binance stopped trading and delisted all existing FRONT spot trading pairs on August 27, 2024, and opened new SLF trading pairs (SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT) on August 30, 2024. According to the announcement, FRONT was swapped for SLF at a 1:1 ratio.

However, concerns arose regarding the issuance of $SLF , as noted in the announcement, which caught the attention and suspicion of the community.
Token Swap Becomes Token Issuance
The rebranding and token swap were considered typical in the crypto industry, as many well-known projects have undergone similar processes, such as Polkadot and Polygon. For example, in 2020, the Polkadot community passed a resolution to redenominate the DOT token by 1:100, increasing the total supply from 10 million to 1 billion. This year, Polygon initiated a 1:1 token swap of MATIC to POL, maintaining the original supply of 10 billion tokens.
However, in the case of Frontier, the token swap involved an issuance, and holders did not receive corresponding compensation. The total supply increased from 90 million to 360 million tokens, resulting in a 75% dilution in value for users. Most of the 270 million additional tokens were allocated to equity investors (10%), validators/growth sales (28%), the ecosystem (19%), foundational nodes (25%), and the team (8%).

Due to the dilution of value and the unclear purpose of the issued tokens, this action triggered serious dissatisfaction among token holders.
Lack of Transparency in the Community Proposal
The rebranding plan originated from a proposal titled “Rebranding Proposal: Frontier to Self Chain,” which passed on January 19. However, the proposal faced two major criticisms:
1. It did not mention the token issuance.
2. It is suspected that the project team manipulated voting rights to pass the proposal. According to the voting panel, 11 addresses cast a total of 1,548,148 votes, with address 0x55b6918866B147B2a13C1Dc167aE04D806F035B5 casting 1,500,000 votes. On-chain data suggests this address likely belongs to the project team.

Explanation by Self Chain’s Founder
Addressing the concerns over the “increased token supply,” Self Chain’s founder and CEO Ravindra Kumar responded on the X platform, explaining that Self Chain was not a new team but a strategic rebranding by the original team, expanding from a wallet project to a Layer 1 blockchain based on the Cosmos-SDK. Kumar explained the distribution of the 360 million total supply: 36 million permanently locked for foundational nodes, 90 million migrated from FRONT to SLF, 10 million allocated to new investors as validators (with an 18-month lock-up period), 36 million allocated to equity investors (36-month lock-up period), 30 million allocated to the core team (6-year lock-up period), and 68 million allocated to the ecosystem (released 1.5 million monthly). Kumar stated that the increased supply was intended to enhance network security, protect against a 51% attack, and attract more investors and validators.
However, the market did not respond well to the official explanation. After the token swap, the price of $SLF plummeted from an opening price of $0.88 to around $0.47.
$SLF #rebranding #TokenIssuance #WikiBit

$LUMIA 🌏⤴️🪙
_The Transformation Begins_ 🔥

Orion Protocol, a pioneering blockchain project, has undergone a significant transformation, rebranding as Lumia (LUM) 📈. This strategic move brings enhanced features, upgraded technology, and a seamless token swap, cementing Lumia's position in the ever-evolving crypto landscape 🌐.

_What's Behind the Rebrand?_ 🤔

- _Expanded Ecosystem_ 🌈: Lumia encompasses a broader vision, including DeFi, NFTs, and gaming.
- _Improved Technology_ 💻: Enhanced scalability, security, and usability.
- _New Branding_ 🎨: Reflecting Lumia's growth and expanded scope.

_Seamless Token Swap on Binance_ 📊

Binance, a leading crypto exchange, has supported the rebrand by automatically replacing ORN holdings with LUM.

- _Token Swap Ratio_ 📈: 1 ORN = 1 LUM
- _No Action Required_ 👍: Binance users' ORN holdings were automatically converted to LUM.

_Lumia's Future Plans_ 🚀

- _DeFi Expansions_ 📈
- _NFT Marketplace Development_ 🎨
- _Gaming Ecosystem Integration_ 🎮

_Expert Insights_ 💡

"Lumia's rebrand and upgrade demonstrate its commitment to innovation and adaptability." - Crypto Analyst

_Market Reaction_ 📊

LUM token trading volume surged following the announcement.

_Company Background_ 📊

- _Founded in 2020_ 📆
- _Rebranded as Lumia_ 📈
- _Focuses on DeFi, NFTs, and Gaming_ 🌈

_Source:_
WORLD UPPER CRYPTO
Date: October 2024

#Lumia #OrionProtocol #rebranding #TokenSwap #BinanceSquareFamily #Cryptocurrency #Blockchain #DeFi #NFTs #Gaming

_Conclusion_ 📝

Lumia's rebranding and upgrade mark an exciting new chapter 📚! With its expanded ecosystem, improved technology, and seamless token swap, Lumia is poised for growth and innovation 🚀. As the crypto landscape continues to evolve, Lumia's commitment to adaptability and innovation positions it for success 🏆. Investors and enthusiasts alike will be watching closely as Lumia shapes the future of DeFi, NFTs, and gaming 🔜.

On August 27th, MakerDAO announced a rebranding to Sky Protocol and the launch of a new stablecoin, USDS, along with a governance token, SKY.

According to the official description, the existing MKR and DAI tokens will be upgraded to the new SKY and USDS (Sky Dollar) tokens. The upgrade process follows these rules:
1. MKR to SKY Exchange:Each MKR token can be exchanged for 24,000 SKY tokens. This ratio is fixed, meaning that MKR holders will receive a corresponding amount of the new governance token, SKY, after conversion.
2. DAI to USDS Exchange:The exchange rate between DAI and USDS will remain 1:1. This ensures that for every DAI held, users can directly exchange it for 1 USDS, maintaining the continuity of the stablecoin’s value.
This token upgrade is voluntary. Users can choose whether or not to convert their MKR and DAI into the new tokens. MKR holders who convert to SKY will retain their corresponding governance rights. Sky Protocol has promised that the new governance model will be more efficient and transparent.
Additionally, Sky has provided a user-friendly migration tool to help users easily complete the conversion process from the old tokens to the new ones. To encourage token exchanges, the team has announced an additional reward mechanism. Users who complete the token migration during the beta period will receive 1.25 times the SKY and USDS tokens as a reward.

As of now, a total of 1,494 users have migrated their tokens.

Community Concerns About the Rebranding
The rebranding of MakerDAO has faced some criticism from the community, mainly for two reasons:
1. Questioning the Decentralization Principle:
The main concern is that once DAI becomes USDS, it will introduce a freezing function, similar to centralized stablecoins like USDT and USDC. Additionally, the Sky Protocol website’s frontend seems to be blocking certain regions and banning the use of VPNs for login.
2. Impact on Existing Brand Value:
MakerDAO has been a leading project in the stablecoin sector, and this “sudden” rebranding, along with the official account not being properly managed, has led users to question whether the brand value has been compromised.

The Fundamental Reason for Rebranding
MakerDAO co-founder Rune Christensen mentioned earlier in “Reconciling the two opposing paths for Decentralized Stablecoins” & “PureDai: Returning to the ideological roots of Dai” that it is impossible to simultaneously achieve pegging to the USD, maintaining pure decentralization, and scaling up, as these three objectives present a trilemma.
There are two main approaches to solving the stablecoin trilemma:
1. Prioritize practicality and scalability by choosing USD pegging and real-world asset collateralization.
2. Pursue pure decentralization, advancing in both directions simultaneously.
Sky Protocol has chosen to address both directions simultaneously through the Endgame plan.
Therefore, this rebranding is not a spur-of-the-moment decision but the result of careful consideration.

$MKR #makerdao #rebranding

"New brand, new future"
What will happen next when NULS officially releases information about its brand reform? Let's wait and see...
Let's review with GU some of NULS's strengths before the "Rebranding" event takes place:
NULS is a blockchain platform using#microservicesarchitecture, this technology makes blockchain applications built on NULS easier to manage, more flexible, easy to update and develop with little impact on operations. whole system.

NULS is a blockchain platform that leverages microservices architecture to facilitate rapid evolution, #Scalability , and enhanced organizational capabilities. By adopting microservices principles, NULS organizes around autonomous cross-functional teams, akin to a construction site where independent, parallel workstreams converge to achieve unified goals. This approach allows NULS to break down complex systems into smaller, more manageable components, fostering agility, innovation, and efficient development processes.

A New Look and Feel:
The cornerstone of NULS #rebranding effort is its refreshing design, which aims to reflect the project's commitment to modernity, functionality, and user-friendliness. The redesigned interface promises to provide users with a visually captivating and intuitive experience, making interaction with the platform smoother and more enjoyable.

Innovative Features in Development:
In addition to its aesthetic overhaul, NULS is actively developing groundbreaking features that will elevate its functionality to new heights. While specifics are yet to be unveiled, the project has hinted at exciting developments that will enhance scalability, interoperability, and security within the ecosystem. These advancements underscore NULS dedication to remaining at the forefront of blockchain innovation.

Enhanced Product Experience:
NULS understands the importance of continually improving its products to meet the evolving needs of its users. As part of its rebranding efforts, the project is committed to delivering a seamless and enriched product experience. From enhanced performance to streamlined processes, NULS aims to exceed user expectations and set new standards for excellence within the blockchain space.

A Revamped Website:
Accompanying the rebranding is the launch of a brand new website that will serve as the digital hub for all things NULS. The redesigned website will not only showcase the project's updated branding but also provide comprehensive resources, educational materials, and community engagement opportunities. Users can expect a visually stunning and user-friendly interface that reflects NULS commitment to #transparency and accessibility.

What's Next?
With the official rebranding now underway, the NULS community is eagerly anticipating the unveiling of these transformative changes. From the unveiling of the new design to the introduction of innovative features, NULS enthusiasts have much to look forward to in the coming weeks and months. As the project continues to push the boundaries of what's possible in blockchain #Technology , the future looks brighter than ever for NULS and its community.

Get ready for what's coming – the future of #NULS is set to soar to new heights! 🚀
$NULS $BTC $ETH

In the world of decentralized Blockchain, staking is of great significance for sustainable development and NULS is no exception, providing NULS owners with a variety of staking options along with attractive profits. Let's take a look at these betting methods of the NULS ecosystem with GU!

- Proof of Credit (PoC) mechanism helps secure the NULS network by combining delegated Proof of Stake with an additional credit rating feature. By simply staking NULS on NULS nodes, NULS holders can earn a profit of 9.88% APR per year.

🎉 So after more than 3 months of waiting since the news of NULS's "Brand Improvement" was made public, the launch date of NULS's new brand is finally approaching, with significant improvements in the AI ​​Website interface and technological innovation in Blockchain operations, this can be considered a big stepping stone for the strong development of NULS in the future 👍
Highlights of NULS Blockchain's "Brand Rebranding" Process: