Several Hot tokens are available for ICO – DeFi market wrap
The U.S.’s largest crypto exchanged Binance announced that it listed another token on its platform today. Internet Computer (ICP) is already available on the platform after Binance opened trading for ICP/BTC, ICP/BUSD, ICP/BNB, and ICP/USDT trading pairs. Users were able to start depositing ICP in preparation for trading on Monday.
Internet Computer (ICP) is a layer-1 protocol. It is currently developing a decentralized public network for smart contracts to run at scale. The project’s goal is to become the internet computer, allowing backend software to be hosted on the network, along with providing the functionality of the public internet.
The company launched its native utility token ICP so that customers could use it for protocol governance and network transactions.
What is the Internet Computer?
The Internet Computer is built on an Internet Computer Protocol (ICP) which is also known as a novel decentralized protocol. It combines the collective computing power of many computer nodes to produce a single unified computer platform. The latter is capable of supporting applications of any scale and complexity.
The Internet Computer segregates smart contracts into secure code units called “canisters.” They are the computational units functioning as individual applications, as well as functions. End users can interact with these canisters through an entry point. Their user experience will be like the internet of today.
However, the Internet Computer will directly host and serve applications, along with data on-chain. Unlike the traditional internet, it won’t rely on centralized infrastructure. At its base layer, a network of data centers will be able to launch nodes running the ICP protocol. Afterward, it can arrange the nodes into subnetworks used to host software canisters that customers can interact with as part of their web experience.
The platform launched its semi-public mainnet as of March 2021. Currently, the company is creating data centers and hiring developers. The DFINITY Foundation introduced its 20-year roadmap, which is quite impressive.
The company plans to open schools teaching about the Internet Computer and its programming language Motoko within five years.
The internet computer also aims to be on a path to overtake big tech’s closed proprietary internet ecosystem in ten years. Within 20 years, the ICP may be bigger than the closed internet of today.
Meanwhile, GasFarm’s high-ranking token’s public sale is nearing
GasFarm launched its native token GFT recently. The private sale is going now, but the company announced that it would begin public sale on May 15, 2021.
GasFarm is a rewarding platform. It returns part of the Ethereum gas fees spent in a decentralized exchange and swap. This platform is essentially an Ethereum gas token collector aiming to minimize high transaction fee loss. Customers get cashback some of their ETH gas fees when they use GasFarm. The platform plans to simplify the process further, as well as help users maximize returns and savings.
GasFarm’s token has gotten the highest ranking on several ICO listings. The total supply of the GFT tokens is 100000000. From that amount, 35% goes to Platform Rewards, 30% is for Public Sale, 10% goes to Private Sale, 7% for Team, 5% for EcoSystem & Partnership, 5% for Foundation and another 5% for Marketing and 3% for Liquidity.
During the private sale token price is 1 ETH for 52,000 GFT. However, the public sale token price will be 1 ETH for 26,000 GFT.
What features does GasFarm offer?
Users can earn ETH GAS fees they spent on the transfer as GasFarm offers cashback rewards on spending. The more customer holds on to the GFT token, the more reward they get. The platform calculates cashback rewards on various percentages and parameters and distributes them based on these percentages.
GasFarm also enables yield farming, which lets users lock up funds and provides rewards in the process. Farming involves lending out cryptocurrencies via DeFi protoco