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Ccoin Finance: Your Free Virtual Card Awaits – Join the Future of Banking Today!
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SourceLess Announces the Beta Launch of Ccoin Finance: A Holiday Milestone in Digital Banking
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Ethena Labs is the creator of USDe, a synthetic dollar protocol built on Ethereum. The idea behind the protocol is to address the need for a stable, scalable form of money within the crypto-native space, without relying on traditional banking systems. ENA is Ethena’s native utility token and is used for governance on the platform. Holders can use the ENA tokens to vote on the protocol's governance decisions. Currently, the total supply of ENA is 15,000,000,000 and the initial circulating supply is 1,425,000,000 (~9.5% of the total token supply). #ENA $ENA
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In early 2018, Terraform Labs launched the Terra blockchain ecosystem with a vision of decentralized finance powered by fiat-backed stablecoins. The native token, LUNA, played a crucial role in maintaining the peg of the TerraUSD (UST) stablecoin. Terra Labs, backed by the Terraform Alliance, gained early traction due to its focus on fast, secure, and affordable transactions. The LUNA token rose quickly in value and Terra became a top ten cryptocurrency. At the heart of Terra's ecosystem lay LUNA, tasked with maintaining the delicate balance of TerraUSD (UST), the algorithmic stablecoin designed to mimic the US dollar. LUNA's role was to absorb price fluctuations through minting and burning mechanisms, ensuring UST stayed tethered to its peg. This intricate structure worked for a time, propelling Terra towards mainstream adoption. May 2022 proved to be a watershed moment. A series of external factors triggered a catastrophic de-pegging of UST, its value plummeting from its dollar anchor. In a desperate attempt to maintain the peg, the UST algorithm went into overdrive, generating trillions of LUNA tokens in a futile effort to stabilize the situation. This hyper-inflationary spiral proved too much, causing LUNA's value to crash by 99%, sending shockwaves through the entire Terra ecosystem. #LUNC✅ $LUNC
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Movement Network is an advanced Ethereum Layer 2 blockchain designed using the Move programming language. It aims to improve Ethereum’s capabilities by offering higher transaction throughput, enhanced security, and near-instant transaction finality. As a network of modular blockchains powered by the Move language, Movement Network allows developers to create secure, efficient, and interoperable blockchain applications. It bridges the gap between Move and EVM ecosystems, being the first Move-EVM Layer 2 solution for Ethereum. The network also provides open-source tools and protocols to promote the adoption of the Move programming language across blockchain ecosystems. Movement Network enables developers to launch high-performance Move VM rollups with ease. Supported by Polychain Capital, Binance Labs, Hack VC, Placeholder, and Archetype, Movement Labs is pushing the boundaries of blockchain interoperability and advancing Move-based technologies in Web3. #MOVE $MOVE
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