While the liquidity drop of Bitcoin to a 10-month low raises concerns, investors are optimistic about the broader market. The launch of PancakeSwap V3 features improved performance and lower fees, while Ecoterra’s proposed Recycle2Earn platform is widely predicted to be a game changer in climate action. Love Hate Inu’s meteoric presale that has crossed the $2.6M milestone not only reveals the growth potential of the project, but also the bullish sentiment of the market in general.
Despite a Bullish Quarter, BTC Liquidity is Down
BTC has had a spectacular quarter, with the coin price at $28,073. It is one of the best-performing cryptocurrencies of 2023. Although the price gain is promising, the liquidity of the cryptocurrency is drying up, as a result of the series of bank collapses in the United States and the hostile regulatory actions against some of the most established crypto projects.
Liquidity on U.S. vs. non-U.S. exchanges. Source: Kaiko
The fall of pro-crypto banks like Silicon Valley Bank and Signature Bank has shut U.S. dollar payment rails for now. That has resulted in a liquidity crisis. While the banking crisis has hit exchanges based in the US the worst, the ripples of the subsequent price volatility are visible everywhere. BTC traders are forced to pay more fees in slippage now.
PancakeSwap Launches Version 3
Version 3 of PancakeSwap is now live on BNB Chain and Ethereum, featuring better performance and lower fees. One of the key highlights of the upgrade is enhanced capital efficiency. It implements tweaks to how liquidity providers can allocate capital on specific price intervals.
The earlier version distributed liquidity from providers (LPs) along the price curve of trading pairs. It has long proven to be inefficient, as assets typically trade within certain ranges. In V3, you can pick a custom price range to provide liquidity. It allows you to exert specific control over capital investments to higher volume trading ranges.
It will also feature a provision of four new trading fee tiers from 0.01%, 0.05%, 0.25%, and 1%. It is an excellent new shift from V2’s standard 0.25%.
Ecoterra’s Recycle2Earn App Invigorates the Fight Against Climate Change
Ecoterra is a green crypto project that inspires diverse demographics to join the fight against climate change. The large ecosystem is underpinned by blockchain innovation and crypto incentivization. Although there have been many environmental initiatives – including blockchain projects – that aim to build more awareness around climate action, Ecoterra is one of the few capable of making a tangible difference.
The fast-moving presale of Ecoterra confirms that the project’s green vision has resonated with crypto investors.
Ecoterra encourages individuals, small businesses, large corporations, industries, governments, and non-governmental organizations (NGOs) to join climate action. A peek at the feature-rich ecosystem will reveal why.
Recycle2Earn application
The flagship product from Ecoterra is a Recycle2Earn application that allows you to earn Ecoterra tokens for each item you recycle.
- It tracks your recycling activities,
- Adds your contribution to your user profile,
- And converts them into achievements and NFTs.
You can hold, stake, or spend the Ecoterra tokens you earn. The app can be used in any country that has reverse vending machines.
Carbon offset marketplace
Both mandatory and voluntary users increasingly prefer carbon offsetting as a means to make up for their carbon footprint. The system works by allowing individuals and organizations to offset their carbon footprint by contributing to environmental projects worldwide. Ecoterra enters the rich market with a carbon offset marketplace that simplifies the process.
- It employs one of the most trusted standards for project verification.
- Here, each ton of carbon you offset is added to your impact profile as an achievement.
- You can later convert them into NFTs once a target is reached.
For example, you can mint your achievement as an NFT when a particular milestone – like 100 trees planted or 20 beaches cleaned – is reached.
Recycled materials marketplace
One of the most unique products from Ecoterra, the Recycled Materials Marketplace bridges the gap between companies and recyclers. Basically, it is a user-friendly platform where companies can search for the recycled materials they need like plastic, aluminum, or glass. It allows them to connect with providers, place orders, and make payments – all using Ecoterra tokens.
Impact trackable profile
You can use your Ecoterra user profile to not only keep track of your goals and achievements, but also as a tool for brand building. For example, businesses can publish their contributions to environmental initiatives, reach a large user base, and procure valuable data on user profiles and behavior with their impact profile.
Ecoterra stands apart in the green market by acknowledging our need for rewards and recognition. It will play a key role in boosting participation in environmental initiatives in the coming years. Ecoterra is one of the most promising crypto tokens to buy in 2023. The best way into the project is the ongoing Ecoterra presale, which comes with early-stage discounts.
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