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WELB and USDM ICOs are hot. Why’s that? – DeFi market wrap

WellBe token ICO got one of the highest-ranking on the market currently. The initial coin offering began several weeks ago and will continue until July 9, 2021. The company offers investors the opportunity to invest in the new crypto dedicated to the Fitness world.

WellBe boasts more than 230 million club members around the globe. That means its token will grow quickly. Furthermore, the fitness industry is one of the strongest worldwide. It helps consumers lead healthier lives, and more and more people use its services.

The company created Wellbe Coin specifically for this Industry, and it is a Revolution for Fitness. The platform promises its users a minimum growth of 15% per year. However, to achieve such goals, the WELB token is crucial. The ICO price is 0.1 EUR per token, and the platform is accepting BTC, ETH, USDT, and even fiat in exchange. The token’s type is ERC-20, and 5,000,000 WELB are available for sale.

What are WellBe’s goals?

The company aims for WellBe Coin to become widespread, hoping for its worldwide adoption by various players in the world of Sport and Fitness. Token holders will enjoy multiple advantages. They can use WellBe Coin to promote a system of self-financing and governance, as well as absorbing, improving, and using the most advanced technologies in the field of Blockchain. The latter includes the very comprehensive capabilities of Smart contracts, as well as limitless scalability.

Besides, WellBe Coin is removing common barriers to entry into the crypto space. So, it is on its way to becoming the most user-friendly, reliable, and secure platform to use and trade value.

The platform facilitates exchanges between the various players in the Fitness industry. It also allows each of them to integrate a community and a healthy and reliable ecosystem. WellBe provides customers with added value, along with a renewed experience and a means of exchange enriching.

Meanwhile, Binance listed GTC on its platform

WELB and USDM ICOs are hot. Why’s that? – DeFi market wrap

Binance decided to list Gitcoin (GTC) on its platform. The exchange announced about that today, stating that it would open trading for GTC/BTC, GTC/BUSD, GTC/BNB, and GTC/USDT trading pairs at 2021-06-10 10:00 AM (UTC).

Gitcoin’s platform empowers communities to build, as well as fund, open-source, public goods. The company created GTC as a governance token of the platform. It uses the token for platform governance and public goods funding through GitcoinDAO.

Gitcoin is essentially the community of protocols, creators, and builders, uniting at the center of open web ecosystems. The company aims to build an internet that is open source, economically empowering, and collaborative.

Furthermore, Gitcoin is creating community and infrastructure for Web 3 — a diverse range of technologies, tools, and networks that enable users to work for the open internet. The team employs various methods to achieve its goal and create the digital public infrastructure of tomorrow, including building community, making learning resources accessible, and funding projects.

What is the company planning?

Gitcoin’s main goal is to build and fund digital public goods, and the company decided to make it happen by working in several directions. It fosters the Open Web, with P2P communities building open source code, adopting open governance, and sharing open data.

More and more companies run on open-source protocols in the DeFi space. However, open-source builders earn while working on Gitcoin.

The platform offers users to build open Web3 technologies that support the goals of shared ownership, financial freedom, and collaborative determination.

Gitcoin also represents a community of aligned values and deep ties. It centers a community of builders who value developing meaningful connections with each other, along with the broader Web3 ecosystem.

Thanks to the many advantages the platform offers, tens of thousands of builders all over the globe have worked together to start, fund, and scale open source projects on it over the last four years. Gitcoin’s community is rapidly growing in size and influence. The company has great potential, especially considering that its token is now listed on the world’s one of the biggest exchanges.

What about Moneta?

Moneta’s native token USDM’s ICO ends on July 24, 2021, and currently, it is one of the hottest offerings on the market. In this solution, the team calls fiat pegged cryptos “Moneta.” The company plans to issue all Monetas on the blockchain initially. As a result, they exist only as a cryptocurrency token. Furthermore, the team backed each Moneta unit issued into circulation in a one-to-one ratio by the corresponding fiat currency unit held in deposit by Moneta Holdings. That means one Moneta USD is one U.S. dollar; one Moneta EUR is one Euro, etc.

According to the company, users may redeem or exchange Monetas for the underlying fiat currency according to Moneta Holdings terms of service or, if the token holder prefers, the equivalent spot value in any other digital currency. Furthermore, once a Moneta has been issued, it can be stored, transferred, spent, etc., just like any other crypto.

The platform’s native USDM token is ERC-20. A total of 2,800,000 USDMs are available for sale, and the price is 1 USD per token. The company is accepting BTC, ETH, and USDT in exchange.

How can investors use Moneta?

In the case of Moneta, the fiat currency on reserve has gained the properties of crypto. Furthermore, its price is monetized to the price of the fiat currency, and this monetization is permanent. According to the company, its implementation has various advantages over other fiat pegged cryptos.

For instance, Monetas exist on the blockchain instead of being within closed source software running on private, centralized databases. Thus, customers can use them just like bitcoins, i.e., in a p2p, decentralized, pseudo-anonymous, cryptographically secure environment.

They can also integrate Monetas with exchanges, merchants, and wallets just as easily as Bitcoin or any other digital coins.

Furthermore, Monetas inherit the properties of the Layer protocol, including open-source, browser-based, wallet encryption; a decentralized exchange; blockchain-based accountability and transparency, multi-party security, and reporting functions.

Moneta Holdings also employs a simple and effective approach for conducting Proof of Reserves. That significantly reduces its counterparty risk as the custodian of the reserve assets.

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