Crypto Sports Market Cap Hits $326,414.95 (CSPN)
Crypto Sports (CURRENCY:CSPN) traded 11.1% lower against the US dollar during the 1-day period ending at 12:00 PM E.T. on February 23rd. Crypto Sports has a total market cap of $326,414.95 and approximately $1,039.00 worth of Crypto Sports was traded on exchanges in the last 24 hours. One Crypto Sports coin can now be purchased for about $0.12 or 0.00000250 BTC on cryptocurrency exchanges. During the last seven days, Crypto Sports has traded down 15.2% against the US dollar.
Here’s how related cryptocurrencies have performed during the last 24 hours:
About Crypto Sports
Crypto Sports (CRYPTO:CSPN) is a proof-of-stake (PoS) coin that uses the
hashing algorithm. Crypto Sports’ total supply is 3,193,464 coins and its circulating supply is 2,737,526 coins. Crypto Sports’ official website is www.crypto-sports.io.
According to CryptoCompare, “Crypto Sports builds a bridge between eSports and the crypto world, offering gamers and developers innovative ways to connect and provide opportunities for every gamer, whether casual or professional, to make money by doing what they love, using Crypto Sports Network and the cryptocurrency, CSPN. “
Crypto Sports Coin Trading
Crypto Sports can be traded on these cryptocurrency exchanges: . It is usually not presently possible to purchase alternative cryptocurrencies such as Crypto Sports directly using U.S. dollars. Investors seeking to trade Crypto Sports should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Crypto Sports using one of the exchanges listed above.
Receive News & Updates for Crypto Sports Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Crypto Sports and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.
Author: Michael Baxter
Orchid’s OXT Gets Listed on Major Korean Cryptocurrency Exchange Bithumb – TCR
Korean cryptocurrency exchange Bithumb finally lists Orchid’s token OXT
- Orchid announces the listing of OXT on Bithumb
- Orchid is currently working on its global expansion
- The platform is especially putting inputs to expand its business into Asia
Orchid, a decentralized VPN service provider, recently confirmed that its token OXT is finally listed on the primary Korean cryptocurrency trading platform, Bithumb. The platform uses the token in the mainstream format.
Orchid is currently working on its global expansion. At the end of 2020, it declared the listing on Indonesia’s biggest cryptocurrency trading platform Indodax and the primary Chinese cryptocurrency trading platform Huobi in consecutive format. The platform is especially putting inputs to expand its business into Asia. The listing on Bithumb, which holds 5 million registered customers, is expected to elevate Orchid’s recognition in Asia.
– Advertisement –
Regarding the listing, the CEO of Orchid, Dr Steven Waterhouse, stated that he is heated with the listing of OTX on Bithumb. He added that Bithumb is an industry-leading platform. The respective listing of Orchid’s crypto tokens by Bithumb adds value to Orchid’s primary offerings of strong privacy.
OXT refers to an ERC-20 standard digital asset that performs an economic incentive on Orchid’s network, concentrating on distributed VPN facilities. Customers who wish to access a VPN with the platform pay a service usage charge with OXT to the bandwidth supplier.
At Orchid, unlike various decentralized VPN facilities, customers do not depend on altruistic suppliers to provide the service. They instead establish financial incentives and promote competition in the form of digital assets.
Orchid customers can access Orchid’s unique payment design called Probabilistic Nanopayments to reimburse the provider only for the worth that they access. Thus, it seems to be more flexible than similar services that demand a monthly or annual contract.
Stochastic nano-payments refer to Orchid’s payment structures with the intent to minimize transaction charges for smaller transactions. In this framework, Orchid’s VPN service customers do not allocate OXT directly to the provider but instead publish a ticket that works like a lottery off-chain.
For example, a user can issue a ticket with a 1% possibility of collecting a $ 100 OXT rather than paying a $ 1 OXT directly to a provider. Only if the provider acquires a winning ticket it will be essential to retrieve the ticket on-chain. It then allows OXT to facilitate small payments in an economical format.
Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.
Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.
Author: Andrew Smith
The Cryptocurrency Exchange, Coinbase, Eyes a Direct Listing
Coinbase, the leading cryptocurrency exchange in the U.S., is expected to have a direct listing on the Nasdaq. At first, the company was considering listing on the NYSE, which has handled direct listings for popular technology companies such as Spotify (NYSE: SPOT) and Slack (NYSE: WORK).
Choosing a direct listing allows the company to forgo some of the traditional processes that come with an IPO, like investment banks investigating the business and determining the value of its share price. A direct listing doesn’t involve underwriters, and it allows existing investors, promoters, and employees that hold shares of the company to directly sell those shares to the public.
Basically, a direct listing gives a company more control over its public listing. Coinbase is a popular company, well-known for its cryptocurrency exchange, so there is no worry that it wouldn’t be recognized by potential investors. If the company were a little less well-known, then an IPO would be the way to go since an IPO comes with an “IPO roadshow” — essentially a way of marketing the company to get and increase investor interest.
Coinbase’s online exchange is relatively straightforward and allows retail buyers and sellers to meet in the middle to find a price. Coinbase also has a platform called Coinbase Pro that’s for more experienced users and gives them access to features and charts that help them go in-depth in the crypto market. Additionally, the company offers a free wallet service that gives its users a place to safely store their cryptocurrencies.
The company has been able to become and stay a leader in its market because of the fact that it has these types of services, but more importantly, it has been able to keep its users’ personal data secure. There have been a bunch of similar cryptocurrency exchanges that have emerged and dissolved because they were unable to provide this service.
Coinbase becoming a publicly traded company would solidify the legitimacy of the cryptocurrency market and could easily set the tone for the future of cryptocurrency in the market by giving other crypto brokers the incentive to go public. In the past few years, the crypto market has been criticized as being unregulated and impractical. However, those critiques could shift with a major cryptocurrency company like Coinbase going public and creating more public trust within the market.
The greatest free investment you’ll ever make.
Join Wealth Daily today for FREE. We’ll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: “IPOs To Watch In 2021”
It contains full details of tips on how to take advantage of the hottest upcoming IPO’s.
After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.
In recent months, the cryptocurrency Bitcoin has surged to record highs. As long as it can continue on that path, Coinbase and its direct listing will benefit. However, at the beginning of this week, Bitcoin did drop below $48,000. Despite that, the cryptocurrency market could become a little more mainstream with Coinbase’s public listing.
Competitors of Coinbase like Robinhood, Kraken, and PayPal (NASDAQ: PYPL) understand the potential within the market and have begun to let their users buy and sell major cryptocurrencies, with lower fees and even no commission. This kind of competition gives the market more options, accessibility, and legitimacy.
In a recent private market share sale, Coinbase had been valued at over $100 billion. This could put the company at a higher initial valuation than any other U.S. tech company since Facebook hit the public market. The last time Coinbase had a formal valuation was back in 2018 when it accepted $300 million in new financing and was worth $8 billion.
We won’t know for sure what Coinbase is really working with until it releases recent financial information after it goes public. That’s when we’ll get a better idea of how profitable its business is and how much revenue it’s pulling in every year. If Bitcoin can keep making record highs leading up to Coinbase’s direct listing, then I believe that Coinbase could have a massively successful public listing.
A public listing by an influential cryptocurrency company like Coinbase is going to be a huge milestone for the cryptocurrency world and market. It will be a step towards intertwining crypto and the conventional finance world in a way that brings more legitimacy to a relatively new and “speculative” market. As of this writing, Coinbase’s direct listing is expected in the next few months, though it has not announced an exact date.
For more information on Coinbase’s direct listing, other upcoming IPOs, and news on the IPO market, click here.
Until next time,
Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.