The snowfall Protocol (SNW) DEX, the first dApp to allow fungible and non-fungible asset transfers across over 200 widely used EVM and non-EVM compatible chains, is now live! Snowfall’s team made Snowfall DEX available to investors last week for testing before releasing full functionality when the protocol goes live on February 3.
Snowfall Protocol (SNW) is a decentralized protocol that allows fungible and non-fungible tokens to be transferred across multiple chains. As a pioneer in its field, Snowfall Protocol (SNW) is constructing communication highways that will allow millions of people to connect to every blockchain.
In other news, the Terra Classic community has recently voted to resume token burns, and Fetch.ai continues to lead the AI altcoin rally for another week. Read on to catch up with the latest in crypto.
The Terra Classic Community Approves an Important Proposal 11310
Last week, Terra Classic core developer Edward Kim submitted Proposal 11310 to the Terra Classic community requesting that the Joint L1 Task Force perform a software upgrade on the Terra Classic blockchain from v1.0.4 to v1.0.5. An upgrade that would make it easier to estimate transaction fees and make further upgrades to the chain in the future.
The Terra Classic community rushed to approve the proposal, as it has most of Kim’s proposals. The proposal was supported by over 97% of voters. Mr. Kim’s joint L1 task force will repair the node’s LCD endpoint, which corrects a calculation error on the LCD. The upgrade will take place on February 14 at block 11,543,150.
The upgrade will see Terra Classic blockchain satisfy the conditions recommended by Binance to restart LUNC burn. The crypto exchange previously suspended its LUNC burn and reduced its commitment to burn 50% rather than 100% of the LUNC spot and margin trading fees.
Fetch.Ai Remains the Top Investment as The AI Story Takes Off
The AI sector of the cryptocurrency market has exploded in the first month of 2023, with the top five AI projects up 50% or more year-to-date. Fetch.ai (FET) is one of these popular projects. Fetch.ai has had an incredible start to the year and is the largest AI project by market cap. Fetch.ai accounts for nearly half of the total AI market share, with a valuation of around $165 million.
Fetch.ai combines blockchain and artificial intelligence to create a network of AI-powered, autonomous software agents that can deliver services while eliminating the need for human intermediaries.
Fetch.ai has increased by 216% in the last 30 days. The majority of these gains are occurring in tandem with Microsoft’s investment in the AI industry and the increased popularity of ChatGPT. Microsoft recently made a large bet on the nascent sector by investing $10 billion in ChatGPT Maker OpenAI.
Snowfall DEX Drives More Investors to Snowfall Protocol One Week Before Protocol’s Official Launch
As previously stated, the release of Snowfall DEX has been critical to the growth of the Snowfall Protocol (SNW) and, sooner, the entire crypto ecosystem. Even a week after the dApp’s release, Snowfall continues to attract a lot of attention from investors.
The Snowfall Protocol (SNW) recently announced that the final round of the protocol’s four-phased presale campaign is nearly sold out, with less than 10% of the allotted 100 million SNW tokens remaining. Snowfall Protocol (SNW) has rallied over 500% in the past three weeks. After the protocol goes live on February 3, a further 1000% to 5000% increase is expected.
By the end of the third round, Snowfall had raised more than $5 million. After the presale campaign, the team is going to provide updates on the amount raised. When the campaign ends, Snowfall Protocol (SNW) will go live with a listing on PancakeSwap. The listing price will be $0.22, but a fast rally past $0.50 is expected as the token gains market momentum. But why wait until the price has jumped that far when you can catch a discounted price of $0.20 today? The earlier you invest, the higher the returns. Sign up for the presale today and start your 2023 1000x journey.
For more information, visit Snowfall Protocol at:
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