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The SPX index is up 0.32%, these movements occurred after the Federal Reserve decided to keep interest rates unchanged, despite plans for three rate cuts within the year. The broader cryptocurrency market is mixed, with Bitcoin dropping by 0.57% and Ether rising by 0.67%, in the past 24 hours.
Today’s outperformer is RSR, which jumped 43.31% following the announcement of the proposal to enhance decentralized exchange liquidity with rgUSD gauges.
Reserve Protocol (RSR), founded on May 2019, is a decentralized protocol on Ethereum for creating stablecoins backed by a basket of assets. It aims to reduce crypto volatility and fiat inflation, facilitating crypto adoption and establishing a scalable, decentralized economy with stable currency. Recently, the rgUSD Gauges proposal is aims to enhance liquidity for rgUSD by introducing seven gauges for pairs with various stablecoins. rgUSD, an overcollateralized stablecoin from Reserve Protocol, focuses on generating and fairly distributing yields. Key features include stable value, competitive yields, and permissionless operations. Reserve Protocol has supported liquidity with a significant investment in Curve. The initiative seeks to bolster rgUSD liquidity and establish it as a reliable partner for stablecoins on decentralized exchanges.
Check Out the Latest Prices, Charts, and Data of RSRUSDT Perp!
Nim Network, a new blockchain focused on AI gaming, has launched its Genesis Rolldrop, distributing 9% of its NIM token supply, or 90 million tokens, to eligible users. Of this, 50 million tokens are allocated to Dymension (DYM) stakers. As the first 'RollApp' on Dymension—a Cosmos-based modular blockchain platform—Nim Network allows eligible users to claim their airdropped tokens in anticipation of the network going live. The airdrop targets not just DYM stakers but also members of gaming communities like Parallel, Pirate Nation, AI Arena, and TODAY The Game, as well as NFT communities Pudgy Penguins, 9dcc, and WolvesDAO, plus early supporters of projects like Ocean, Olas Network, and Gitcoin. RollApps, enabled by Dymension, are designed for efficient, scalable user experiences, offering security, liquidity, and connectivity advantages.
The Telegram-based game Notcoin has surged in popularity, reaching 30 million players and recording over 5 million daily active users as it approaches its token airdrop. Built as a simple clicker game, Notcoin's user engagement is evident from its in-game leaderboards, despite the lack of on-chain verification for these statistics. The game plans to transition its trillions of in-game coins to The Open Network blockchain, with an anticipated token generation and airdrop event in late March or early April. Inactive players face a 5% daily depletion of their mined coins after 30 days of inactivity. Recently, Notcoin introduced NFT vouchers for top players, allowing the trading of in-game coins for vouchers redeemable for NOT tokens post-launch. This has led to speculative trading, with notable sales and a total trading volume of 1.2 million TON (over $5 million). The Open Network has also announced a $115 million incentives program to attract more developers and users, inspired by Notcoin's success.