Ireis

In the past few weeks, most altcoins have underperformed Bitcoin, but they have started to catch up in the last 48 hours.Ethereum approached $2,400 after a daily increase, BNB rose and approached the $240 level after a 5% jump, while XRP approached $0.7 with a 5% increase.The top ten cryptocurrencies recorded gains almost identical to XRP.

JTO: It is a digital currency belonging to the Jito Network, which is a major driver in the Solana ecosystem via the JitoSOL protocol, a liquidity pool in which assets and the MEV product range can be stored. The JitoSOL liquidity pool protocol enables users to exchange their SOL digital currencies. On the other hand, asset holders retain SOL liquidity and DeFi opportunities while receiving revenue from staking services. What is the JTO token project? The Jito network is the decentralized protocol based on the Solana network that enables users to stake SOL token with validators involved in efficient block regulation and access. On a liquid storage token (JitoSOL) representing accumulated validator rewards and tips. DAOs can route changes to the protocol's source code or related parameters, and anyone can access the Jito network, while the organization maintains a browser-based dashboard, facilitating Access it at jito.network.Jito was established to reduce the negative impacts of MEV, provide fair dividend distribution and enhance levels of transparency. The Jito platform has published an open source validator client designed to create a competitive market for MEV value extraction. This client enables auctions within each block for a chance to capture a MEV specific to that block. Traders submit their bids, so the highest bidders within each block get the opportunity to invest the available MEV.The JitoSOL network offers unique additional rewards from transaction returns associated with the forward extraction of Maximum Extractable Value (MEV) on the Solana network. The Maximum Extractable Value (MEV) enables profit opportunities related to the chronological order of transaction execution. For example, a large price difference on the Orca platform can reduce the price of the liquidity pool to levels lower than the price of Raydium or Serum. This pushes traders to take advantage of these price differences, and this is what is expressed in the trading term MEV. JTO enables its holders to make key decisions to shape the future of the Jito network through the governance process, so that it continues to evolve and thrive in proportion to the needs of those it serves, as well as with the ecosystem. Solana's broad ecosystem. These decisions and initiatives include several points, including setting fees for JitoSOL stake pooling, updating delegation strategies by controlling StakeNet program parameters, managing the JTO token treasury held by DAOs, in addition to fees generated by the JitoSOL network. It also includes contributing to the development and continuous improvement of JitoSOL protocols and products, which are considered one of the main aspects of those decisions and initiatives. Jito Network explains that paid temporary storage of digital currencies (staking) services are distinctive because it helps the user access decentralized liquidity pools via the SOL currency, in addition to Maintaining the price constant and stable, and finally storing in order to obtain the largest possible MEV value in the liquidity pool.#JTO #crypto2023

Binance, the world's largest cryptocurrency trading platform, has announced a $500,000 cryptocurrency giveaway to eligible users. The rewards include amounts ranging from 1 SHIB to 1 BTC, which is currently worth around $44,000. The offer will run until December 31, 2023. In recognition of 1 million users Binance will distribute these rewards to users' wallets within two weeks of the end of the campaign, according to the company's official website. To participate in the campaign, users must make exchanges via Binance's Web 3 wallet.

LUNC token burning reaches a new high of 70 billion with tremendous efforts from Binance. The total LUNC token burning by the Terra Luna Classic community has reached 70 billion. This represents another milestone in the community's efforts to reduce the circulating supply of LUNC since May 18, 2022. The world's largest cryptocurrency exchange, Binance, has burned nearly 36 billion LUNC, contributing more than 50% of the total LUNC burned to date. The circulating supply of LUNC token is 5.81 trillion and the total supply is 6.84 trillion LUNC. However, the community still needs to increase the utility to increase the LUNC burn rate. Total LUNC burn reaches 70 billion after the Terra-LUNA crisis in May 2022. The community took over and started a burn campaign along with other features like staking last year. Terra Luna Classic is managed by community-verified developers. In addition to trusted validators and members. The Terra Luna Classic burning campaign has now reached 70 billion LUNC as Binance, validators, projects and members are burning LUNC by sending it to an unreachable address. The community burns an average of 400 million LUNC per week, with Binance sending billions to the burn address as part of its monthly LUNC burn mechanism. Binance burned over 2.65 billion LUNC tokens in the 11th installment of the LUNC burn mechanism on July 1. The volume of LUNC burned by the cryptocurrency trading platform so far has reached more than 35.5 billion. The joint L1 Task Force developer group and the Quant USTC Repeg team aim to focus on reducing the circulating supply of LUNC and USTC in the third quarter. The developers aim to re-peg USTC to $1, and work with trading platforms for its successful completion. Recently, the community has found a new focus for burning USTC and LUNC in other protocols. Vegas made a proposal to burn or send 800 million USTC to the community pool of the Ozone Protocol.