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BlockDAG Display in Japan and London Triggers $31.4 Million Presales, Eclipsing BNB Price, and Updates on Cosmos Blockchain
BNB price rebounded after Binance announced a new Word of the Day game theme. Additionally, IBC rate limits improve blockchain security, increasing the real economic activity of the Cosmos blockchain ecosystem and the total value locked.
In the meantime, BlockDAG celebrate global dominance with launches in key hotspots: a keynote video at Shibuya Crossing showing its innovative technology and mining dominance, a DAGpaper celebration at the Las Vegas Sphere and a performance at Piccadilly Circus for its listing on CoinMarketCap. These milestones led to an increase in pre-sale numbers, raising $31.4 million in batch 14, positioning BlockDAG as one of the best cryptocurrencies to buy now.
BNB Price Rebounds After Binance Announcement
Binance has announced a new theme for its Word of the Day game, focusing on decentralized applications (DApps). This educational initiative, which will take place from May 20 to 26, 2024, rewards participants with a share of 500,000 Binance Points, which can be redeemed for user-specific rewards.
New users who sign up with a referral code get a 10% discount on spot trading commissions and additional rewards. Following the announcement, BNB price initially rebounded by 1.24% before falling by 0.45%. Despite an increase in trading volume, BNB posted a weak monthly performance, losing more than 3% in a week.
Cosmos Blockchain improves security
The Inter-Blockchain Communication (IBC) protocol is improving blockchain security with the adoption of IBC rate limits. The Cosmos blockchain highlights the importance of these rate caps in securing economic activity and total value locked (TVL). As detailed in a recent blog post, these limits, introduced by Osmosis, are becoming an industry standard.
They work by setting thresholds for asset flows, preventing excessive transfers in short periods. This measure protects against security exploits, highlighted by past incidents such as the Dragonberry vulnerability. Range Security, in collaboration with Osmosis, is preparing to launch IBC Rate Limits v2 to further improve cross-chain security on the Cosmos blockchain.
BlockDAG’s marketing skills and mining capabilities
BlockDAG is making waves in the cryptocurrency industry, starting with its recent keynote video, which aired on billboards at Tokyo’s bustling Shibuya Crossing and went viral, pushing BlockDAG’s pre-sale coin to new heights. This strategic move showcased BlockDAG’s integration into major DeFi exchanges such as Bitget and CoinEx and introduced its user-friendly crypto payment card, bypassing lengthy transaction approvals and complex KYC procedures.
The keynote also highlighted BlockDAG’s innovative mining technology, specifically the X10 mining device. The X10 is a compact and efficient cryptocurrency miner, capable of mining up to 200 BDAG per day with a hash rate of 100 MH/s, equivalent to $10 per day. It features plug-and-play setup, Wi-Fi and Ethernet connectivity, running at just 40W. Perfect for beginners and scalable for experts, it combines performance and efficiency.
The promotional tour didn’t stop there but extended its reach globally, celebrating the release of the DAGpaper in the Las Vegas sphere. The document outlines the revolutionary features of BlockDAG, the world’s most advanced layer-1 blockchain, including a Low-Code/No-Code platform for easy smart contract creation. Last but not least, the tour culminated in Piccadilly Circus, lighting up the London sky, where BlockDAG’s debut on CoinMarketCap was celebrated with a dynamic show, significantly boosting investor confidence and generating hype around its liquidity plan 100 million dollars.
Key takeaway
As BNB price rebounds following a major announcement, Cosmos Blockchain improves its security by adopting the IBC Rate Limits by Communication (IBC) protocol.
Meanwhile, BlockDAG’s impressive track record of promotional campaigns, from Shibuya Crossing to Piccadilly Circus, coupled with its mining capabilities like the X10 device, have led to pre-sale numbers skyrocketing, racking up $31.4 million while it was still in lot 14. Speculation is rampant about BlockDAG’s next move, so expect groundbreaking announcements, living up to its reputation as one of the best cryptocurrencies to buy now.
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