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Simplifying Bitcoin Transactions with Alby Wallet | IDOs News

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Alby Wallet – A Versatile Tool for Bitcoin Users

The Alby Wallet is a browser extension designed to simplify the use of Bitcoin and Nostr directly within the web browser, according to Bitfinex. This powerful tool enables users to manage multiple lightning wallets and engage with Bitcoin apps seamlessly. It also facilitates quick, secure transactions without the need for QR code scanning or app switching.

Additionally, Alby Wallet allows for the management and generation of Nostr keys, enabling users to participate in the decentralized social network. This function supports content creators by enabling direct payment functionalities through the lightning network, offering a novel way for them to monetize their content while bypassing traditional financial intermediaries.

A Solution for Lightning, Nostr, and Podcasting 2.0

Alby Wallet is a comprehensive solution for users seeking to streamline their Bitcoin and Nostr usage on the web. It allows users to connect their lightning wallets directly within their browser for easy and secure transactions. The Alby extension provides a seamless way for users to explore and interact with Bitcoin apps and services directly from their browser, simplifying one-click logins and transactions for an improved user experience.

Desgined for convenience and security, Alby Wallet integrates with Podcasting 2.0 to facilitate Value for Value payments, allowing podcasters to receive direct financial support from listeners through Bitcoin transactions on the Lightning Network. This feature enables users to stream money to their favorite creators or receive inflows, thereby monetizing content in innovative ways.

Integrations with Over 100 Bitcoin, Lightning Network, and Nostr Applications

Alby Wallet integrates seamlessly with over a hundred Bitcoin, Lightning Network, and Nostr applications, encompassing entertainment, shopping, rewards, and more. Users can easily interact with platforms such as Disctopia for music streaming, Wavlake for direct contributions to music creators, or engage in financial transactions on shopping sites like Bitrefill and Coincards.

In the realm of rewards and incentives, Alby connects users to services like Joltz and Satsback, where they can earn Bitcoin rewards for everyday activities like shopping. For podcast creators and listeners, Alby facilitates direct financial interactions through platforms like Podverse and Truefans, using the Podcasting 2.0 Value 4 Value model. This model allows listeners to directly support their favorite podcasts with micropayments, fostering a closer relationship between creators and their audiences.

Alby’s Focus on Simplifying Lightning Node Management

Alby stands out as a robust tool that simplifies the management of Lightning nodes, easing the complexities traditionally associated with running and maintaining these crucial elements of the Bitcoin network. It provides users with straightforward interfaces and automated processes for connecting to self-hosted nodes. This capability is essential for individuals and businesses that prefer to maintain control over their nodes for security, privacy, and financial autonomy.

In conclusion, Alby Wallet is a multi-functional browser extension that simplifies the use of Bitcoin and Nostr directly within the web browser. Its seamless integrations and user-friendly interface make it an invaluable tool for Bitcoin users and content creators alike.

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Sei Community Airdrop: 27 Million SEI Tokens Distributed to Active Users | IDOs News

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Sei, the blockchain platform known for its high performance and parallelized EVM, has announced the distribution of 27,421,200 SEI tokens through its second airdrop. The event targets 43,052 unique addresses, rewarding those who have been actively participating in the Sei ecosystem since its Pacific-1 Mainnet launch.

Background

Since the launch of Sei’s Pacific-1 Mainnet last August, over 100,000 addresses have played a crucial role in securing the network by delegating their voting power. This participation has fostered a thriving economy, with primary activities revolving around the exchange and creation of NFTs. To date, the platform has seen half a million individual NFT purchases, generating tens of millions of SEI in volume.

Sei v2, the latest iteration, further enhances the platform by introducing the first highly performant, parallelized EVM blockchain. This new scaling approach is designed to bolster the Ethereum ecosystem, offering the fastest time to finality of any blockchain currently available.

How the Airdrop Works

The Sei Foundation’s second airdrop focuses on rewarding active users and participants within the Sei ecosystem. Eligible users can check if their wallet addresses qualify by visiting the airdrop app. If eligible, users must connect their wallets and agree to the terms of use to receive their tokens. The deadline for this process is aligned with the commencement of “Phase 3” of the Sei v2 launch, which is scheduled in the coming weeks.

Importantly, the Foundation has cautioned users that no further interactions are required once eligibility is confirmed. Tokens will be sent directly to eligible addresses at the start of Phase 3. Users are advised to ignore any websites claiming to assist in token claims.

Airdrop #2 Allocations

The allocation for Airdrop #2 is designed to reward users based on their involvement in staking, liquid staking, and participation in top NFT communities. Points were assigned based on specific criteria, with snapshots taken on key dates to determine eligibility. Notably, addresses with excessive holdings were excluded to maintain fairness.

Specifically, the criteria included:

  • Staking up to 2,000,000 SEI
  • Holding up to 2,000,000 liquid staked SEI tokens
  • Owning up to 150 NFTs from the top 8 collections by volume

Sei core contributors and wallets associated with the Sei Foundation or Labs are not eligible to participate in this airdrop. The Foundation has emphasized that this distribution is exclusively for the Sei community members who have actively engaged with the platform.

Users are encouraged to participate in the ecosystem by building on Sei, exploring various projects, or engaging with the community on platforms like Discord.

The official Sei Twitter account will announce the start of Phase 3 and the distribution of tokens. Eligible users must ensure they agree to the terms on the airdrop app to receive their SEI tokens from the Foundation.

For further details on the Sei Community Airdrop, visit the original announcement.

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Binance Expands Loanable Assets for Flexible Rate and VIP Loans | IDOs News

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Binance Introduces New Loanable Assets

Leading cryptocurrency exchange Binance has announced the addition of new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services, according to Binance.com. This expansion aims to provide users with more options and flexibility in managing their digital assets.

Details about Binance Loans (Flexible Rate)

Binance Loans (Flexible Rate) is a dynamic loan product allowing users to borrow cryptocurrencies by collateralizing assets in their Simple Earn Flexible Products subscriptions. This service offers the advantage of not requiring a fixed loan term, providing users with greater flexibility. Loan rates are updated every minute, and users can start with a minimum loan amount of 1 USDT equivalent. Additionally, users can earn Real-Time APR rewards through Simple Earn Flexible Products while managing their loans.

Insights into Binance VIP Loan

Binance VIP Loan is designed for large personal and institutional borrowers, offering competitive rates, terms, and services. This over-collateralized loan service is aimed at providing greater liquidity for long-term investment funds, leveraged trading, and hedging strategies. Users interested in this service can contact the Binance VIP Key Account Coverage team for more details.

Important Considerations

  • Users are advised to refer to the latest interest rates and a complete list of loanable and collateral assets on the Loan Data and VIP Loan pages.
  • To place new Binance Loans (Flexible Rate) orders via the Binance App, users must upgrade to at least iOS v2.78.0 or Android v2.78.0. Older versions do not support the placement of new orders.
  • For the most accurate information, users should refer to the original English version of the announcement, as there may be discrepancies in translated versions.

Conclusion

This update from Binance highlights its commitment to enhancing user experience by expanding the range of loanable assets and offering more flexible loan options. Users are encouraged to stay informed and leverage these new services to better manage their cryptocurrency investments.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of investments may fluctuate, and past performance is not indicative of future results. Users should consult an independent financial adviser and carefully consider their investment objectives before making any decisions.

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BitTorrent (BTT): Halving of BTFS Storage Rewards | IDOs News

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BTFS Announces Halving of Storage Rewards

To sustain the growth and success of the BitTorrent (BTT) ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners. According to BitTorrent Inc., from 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT.

Understanding BTFS

The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience.

Current Network Status and Growth

Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019.

Every two years, the BTFS rewards halving will occur, causing the rewards for all storage miners across the network to be cut in half. This halving mechanism aims to sustain the long-term growth and stability of the BTFS network.

Impact of Halving

The halving will prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality.

Future Plans

Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution, boosting both the capacity and the transaction efficiency of the BTTC network.

About BTFS

The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, among other factors, to make a series of dynamic adjustments such as upload prices and airdrop reward schemes.

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