COINOTAG News reported that Tim Beiko summarized the 219th Ethereum All Core Developers Meeting (ACDE), highlighting progress on the Fusaka development network. The meeting noted that Devnet 3 is expected
BitcoinWorld Massive Crypto Futures Liquidations: ETH, BTC, SOL See Significant 24-Hour Losses The cryptocurrency market, known for its rapid price swings, recently witnessed a dramatic event: substantial crypto futures liquidations across major assets. In just 24 hours, millions of dollars in leveraged positions were wiped out, painting a vivid picture of the inherent volatility in digital asset trading. This significant financial movement affects not only individual traders but also influences broader market sentiment. What Are Crypto Futures Liquidations? For those new to the concept, a crypto futures liquidation occurs when an exchange forcibly closes a trader’s leveraged position. This happens because the trader no longer has sufficient margin to keep the position open. Essentially, if the market moves sharply against a highly leveraged bet, the exchange steps in to prevent further losses to the trader and itself. These events are common in futures trading, where investors can amplify their potential gains (and losses) by borrowing funds. However, this also means smaller price movements can trigger substantial losses, leading to liquidations. Decoding the 24-Hour Crypto Futures Liquidations Data The past day brought particularly striking figures for crypto futures liquidations , with three major cryptocurrencies bearing the brunt: Ethereum (ETH): A staggering $89.14 million in ETH futures was liquidated. Notably, long positions accounted for 73.05% of this total. This indicates that a significant number of traders were betting on ETH’s price to rise, only for it to move downwards, forcing their positions to close. Bitcoin (BTC): The flagship cryptocurrency saw $39.33 million in liquidations. Here, long positions also dominated, making up 57.86% of the total. This suggests a similar scenario to ETH, where bullish bets on Bitcoin faced a market downturn. Solana (SOL): SOL experienced $27.90 million in liquidations. Interestingly, short positions accounted for 57.97% of this figure. This implies that many traders were expecting SOL’s price to fall, but it moved upwards, leading to their short positions being liquidated. These figures highlight the dynamic and often unpredictable nature of the cryptocurrency market, where both upward and downward price movements can trigger massive liquidations. Why Do These Crypto Futures Liquidations Happen So Rapidly? The rapid occurrence of these crypto futures liquidations is primarily due to several interconnected factors: High Leverage: Many traders use high leverage in futures markets, meaning they control a large position with a relatively small amount of their own capital. While this can magnify profits, it also dramatically increases the risk of liquidation with even minor price fluctuations. Market Volatility: Cryptocurrencies are inherently volatile assets. Sudden news, macroeconomic shifts, or large institutional trades can trigger swift and significant price changes, catching leveraged traders off guard. Cascading Effects: Large liquidations can sometimes trigger further price movements. As positions are forcibly closed, market sell orders (for long liquidations) or buy orders (for short liquidations) are executed, potentially pushing prices further in the direction that triggered the initial liquidations, creating a cascade. Navigating Volatility: Insights from Recent Liquidations Understanding these recent crypto futures liquidations offers crucial lessons for traders. It underscores the importance of robust risk management strategies, especially when dealing with leveraged products. Manage Leverage Wisely: Avoid excessively high leverage. While tempting, it drastically increases your exposure to liquidation risk. Use Stop-Loss Orders: Implement stop-loss orders to automatically close your position if the price moves against you beyond a certain point, limiting potential losses before a full liquidation occurs. Stay Informed: Keep abreast of market news, technical indicators, and broader economic trends that could influence cryptocurrency prices. Diversify: Spreading investments across different assets can mitigate risk, though it’s less direct for individual futures positions. These strategies help traders navigate the challenging landscape of crypto futures, aiming to protect capital even amidst extreme market swings. The recent wave of crypto futures liquidations serves as a powerful reminder of the risks associated with leveraged trading in volatile markets. While the allure of amplified gains is strong, the potential for rapid losses is equally significant. Responsible trading practices, including careful risk management and a deep understanding of market dynamics, are paramount for anyone engaging in crypto futures. Frequently Asked Questions About Crypto Futures Liquidations What is a crypto futures liquidation? A crypto futures liquidation is the forced closure of a trader’s leveraged position by an exchange when their margin balance falls below the required maintenance level, preventing further losses. Why did Ethereum (ETH) have higher liquidations than Bitcoin (BTC) in this period? The higher liquidation volume for ETH suggests that a larger amount of leveraged capital was positioned in ETH futures, or that ETH experienced a more significant price movement against the dominant long positions compared to BTC during the 24-hour period. What does it mean when “long positions” account for most liquidations? When long positions account for most liquidations, it means that a majority of traders were betting on the asset’s price to increase. The market then moved downwards, causing these bullish bets to be closed out. How can traders avoid crypto futures liquidations? Traders can avoid liquidations by using lower leverage, setting stop-loss orders, maintaining sufficient margin in their accounts, and carefully managing their risk exposure based on market volatility. Does a high volume of crypto futures liquidations impact the broader market? Yes, significant liquidation events can increase market volatility, contribute to price cascades, and negatively affect overall market sentiment as traders become more cautious. Did you find this analysis helpful? Share this article with your network to help others understand the dynamics of crypto futures liquidations and how to navigate volatile markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action. This post Massive Crypto Futures Liquidations: ETH, BTC, SOL See Significant 24-Hour Losses first appeared on BitcoinWorld and is written by Editorial Team
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Hester Peirce’s Peanut Butter & Watermelon Speech SEC Commissioner Hester Peirce’s intriguing “Peanut Butter
BitcoinWorld Won Stablecoin: South Korea’s Crucial Move Towards Digital Currency Legislation Exciting developments are unfolding in South Korea’s digital finance landscape! The nation’s political sphere is actively pushing for groundbreaking legislation that could pave the way for a regulated won stablecoin . This move signifies a significant step towards integrating digital currencies more deeply into the mainstream economy, offering both opportunities and challenges. Why is a Won Stablecoin So Important for South Korea? South Korea’s opposition People Power Party (PPP) has placed a bill to create a legal framework for a won stablecoin high on its legislative agenda. This isn’t just a minor tweak; it’s a foundational effort to establish a clear legal basis for how such digital assets can be issued and circulated within the country. Think about it: a stablecoin pegged to the Korean Won could offer numerous advantages: Stability: Unlike volatile cryptocurrencies, a won stablecoin aims to maintain a consistent value, mirroring the national currency. This makes it ideal for everyday transactions, remittances, and digital payments. Efficiency: Digital transactions can be faster and cheaper than traditional banking methods, especially for cross-border payments. Innovation: A clear regulatory framework can foster innovation in decentralized finance (DeFi) and other blockchain applications within South Korea. Financial Inclusion: Potentially offering easier access to financial services for a broader population. Navigating the Path: Challenges and Opportunities for a Won Stablecoin While the prospect of a regulated won stablecoin is exciting, the journey isn’t without its complexities. Establishing a robust legal framework involves addressing several critical aspects: Consumer Protection: Ensuring safeguards for users against fraud and market manipulation. Financial Stability: Managing potential risks to the broader financial system. Anti-Money Laundering (AML) & Know Your Customer (KYC): Implementing strict measures to prevent illicit activities. Technological Infrastructure: Developing the necessary technology to support widespread adoption and secure transactions. The PPP’s commitment to this bill, listed as one of 100 top-priority legislative items, underscores the government’s recognition of digital assets’ growing importance. This proactive approach could position South Korea as a leader in the global digital currency space. What Does This Won Stablecoin Bill Entail? The proposed legislation seeks to create a comprehensive legal foundation for the issuance and circulation of a won stablecoin . This means defining key elements such as: Who can issue a stablecoin and under what conditions. The reserve requirements to back the stablecoin, ensuring its peg to the Won. Supervisory mechanisms to oversee stablecoin issuers and platforms. Rules for trading, redemption, and dispute resolution. Such a framework aims to build trust and confidence among investors and everyday users, encouraging broader adoption. It moves beyond speculative crypto trading towards practical, everyday use cases for digital currency. The Future of Digital Finance with a Regulated Won Stablecoin The pursuit of a legal framework for a won stablecoin could have far-reaching implications for South Korea’s economy. It signals a governmental willingness to embrace digital innovation while mitigating inherent risks. Experts believe that a well-regulated stablecoin could: Attract Investment: Clear rules can draw more domestic and international investment into South Korea’s crypto sector. Boost Competitiveness: Enhance the nation’s standing as a hub for financial technology and blockchain development. Facilitate Cross-Border Trade: Streamline international transactions with a reliable digital asset. This legislative push is a testament to the evolving global perspective on digital assets. Nations worldwide are exploring how to harness the benefits of cryptocurrencies responsibly, and South Korea is clearly aiming to be at the forefront of this movement. Summary: A Bold Step for South Korean Digital Currency South Korea’s opposition party is taking a bold and crucial step by prioritizing legislation for a won stablecoin . This initiative aims to provide a robust legal framework, fostering stability, innovation, and broader adoption within the nation’s digital finance ecosystem. As the National Assembly prepares for its September session, all eyes will be on how this significant bill progresses, potentially setting a new standard for digital currency regulation. Frequently Asked Questions (FAQs) Q1: What is a won stablecoin? A won stablecoin is a type of cryptocurrency designed to maintain a stable value, pegged directly to the South Korean Won. This means its value should always be approximately 1:1 with the Won, making it less volatile than other cryptocurrencies. Q2: Why is South Korea considering won stablecoin legislation now? South Korea’s opposition People Power Party (PPP) is pursuing this legislation to establish a clear legal framework for digital assets. This aims to foster innovation, ensure consumer protection, and integrate digital currencies responsibly into the national economy. Q3: What are the main benefits of a regulated won stablecoin? Key benefits include enhanced financial stability for digital transactions, increased efficiency for payments and remittances, greater innovation in the digital finance sector, and improved financial inclusion for users. Q4: What challenges might arise in implementing a won stablecoin? Challenges involve ensuring robust consumer protection, maintaining financial stability, implementing strict Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, and developing adequate technological infrastructure to support its widespread use. Q5: Will this legislation impact other cryptocurrencies in South Korea? While this bill specifically targets a won stablecoin , its passage could set a precedent for broader cryptocurrency regulation. It signals a more structured approach to digital assets, potentially influencing future policies for other cryptocurrencies. Share Your Thoughts! What are your thoughts on South Korea’s move towards a regulated won stablecoin ? Do you think this will accelerate digital currency adoption globally? Share this article on your social media platforms and join the conversation with your friends and followers! To learn more about the latest stablecoin trends, explore our article on key developments shaping digital currency institutional adoption. This post Won Stablecoin: South Korea’s Crucial Move Towards Digital Currency Legislation first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld UXLink’s Transformative Social Infrastructure: Solving RWA and Stablecoin Distribution The Web3 world is buzzing with innovation, yet some of its most promising advancements, like Real-World Assets (RWAs) and stablecoins, face a significant hurdle: widespread adoption and distribution. How can these groundbreaking concepts truly reach the masses and achieve their full potential? UXLink, a prominent Web3 social platform, offers a compelling and insightful answer: robust social infrastructure . The Distribution Dilemma: Why RWAs and Stablecoins Struggle to Thrive? Imagine a future where real-world assets, from property to art, are easily tokenized and traded on a blockchain. Or stablecoins, offering digital currency stability, are used globally without friction. These visions are powerful. However, achieving them demands more than just cutting-edge technology. A recent analysis by UXLink points out a critical limitation: the need for public recognition and, crucially, trust. Traditional financial markets have established trust models, often centralized. Web3, built on decentralization, requires a fundamentally new approach to trust. The core challenge for both RWAs and stablecoins lies in their distribution. It’s not enough to simply create these digital assets; people need to: Discover them: How do potential users find out about these new offerings? Understand their value: What benefits do they offer over traditional alternatives? Feel secure using them: How can users be confident in their safety and reliability? Without effective channels for reaching potential users and fostering genuine belief, even the most innovative Web3 solutions can struggle to gain traction and achieve widespread adoption. Unlocking Adoption: How Can Social Infrastructure Build Trust in Web3? UXLink argues persuasively that social networks are inherently trust-based ecosystems. Think about it: we often adopt new ideas or products when friends, family, or trusted community members introduce them. This fundamental human behavior is precisely what Web3 needs to harness. By leveraging existing social connections, powerful social infrastructure can bridge the gap between complex blockchain technology and everyday users. Web3’s core principle of decentralization necessitates a trust model distinct from traditional finance. Instead of relying on centralized authorities, Web3 can build trust through transparent, community-driven interactions. Platforms like UXLink, serving as vital social infrastructure , provide the essential environment where this new trust model can flourish. They allow users to engage, learn, and collectively validate new technologies and assets. UXLink’s Real World Social (RWS) Protocol: A Game-Changer for Distribution? With over 54 million users, UXLink is already a significant player in the Web3 space. The platform recently introduced its Real World Social (RWS) protocol, specifically designed to tackle these critical trust and distribution challenges. RWS aims to integrate social graphs and connections directly into the fabric of Web3, creating a more intuitive and trustworthy onboarding experience for users. By connecting individuals within trusted communities, the RWS protocol can significantly accelerate the adoption of RWAs and stablecoins. Consider these advantages: Peer Validation: Users are more likely to engage with assets recommended by their trusted social circle. Simplified Onboarding: Social connections can streamline the process of understanding and using new Web3 products. Organic Growth: Distribution becomes more natural and viral, spreading through existing networks. UXLink emphasizes that its comprehensive social infrastructure is uniquely positioned to address these dual hurdles of trust and widespread adoption effectively. Beyond Distribution: The Broader Impact of Robust Social Infrastructure The implications of strong social infrastructure extend far beyond just distributing RWAs and stablecoins. It lays the groundwork for a truly decentralized internet where communities, not corporations, drive innovation and growth. This fosters a more inclusive Web3 ecosystem, where diverse voices can contribute and benefit collectively. Robust social layers can enhance user experience across all Web3 applications, making them more engaging and user-friendly. From decentralized autonomous organizations (DAOs) to NFT communities, the ability to connect and interact within trusted groups is paramount. This foundational layer is crucial for Web3’s long-term success and its promise of a more equitable and accessible digital future. In conclusion, UXLink’s insightful analysis into the power of social infrastructure offers a compelling roadmap for overcoming some of Web3’s most persistent challenges. By recognizing the inherent trust within social networks and building innovative protocols like RWS, platforms can unlock the vast potential of real-world asset tokenization and stablecoin adoption. This approach is not just about technology; it’s about empowering people, fostering genuine trust, and building strong communities, ultimately paving the way for a truly decentralized and widely accessible Web3 for everyone. Frequently Asked Questions (FAQs) What are Real-World Assets (RWAs) in Web3? Real-World Assets (RWAs) refer to tangible or intangible assets from the traditional financial world, such as real estate, commodities, art, or even intellectual property, that are tokenized and represented on a blockchain. This allows them to be traded and managed digitally, offering increased liquidity and accessibility. Why is distribution a problem for RWAs and stablecoins? The main challenge is gaining widespread public recognition and adoption. Unlike traditional assets, Web3 assets lack established distribution channels and often face a trust deficit from new users. People need to understand their value and feel secure enough to use them. What is Web3 social infrastructure? Web3 social infrastructure refers to decentralized platforms and protocols that facilitate social interactions, community building, and trust creation within the Web3 ecosystem. It leverages social connections to drive adoption and engagement for various Web3 applications and assets. How does UXLink’s Real World Social (RWS) protocol work? The RWS protocol integrates existing social graphs and connections into Web3. It uses the inherent trust within social networks to accelerate the adoption and distribution of digital assets like RWAs and stablecoins, making them more accessible and less intimidating for users. What role does trust play in Web3 adoption? Trust is foundational for Web3 adoption. Since Web3 operates on decentralization, it needs a new trust model, distinct from traditional centralized systems. Social infrastructure helps build this trust by allowing users to adopt new technologies within communities they already know and rely on. Found this analysis insightful? Share this article with your network and join the conversation on how social infrastructure is shaping the future of Web3, RWAs, and stablecoins! To learn more about the latest Web3 social infrastructure trends, explore our article on key developments shaping the future of decentralized networks and asset distribution. This post UXLink’s Transformative Social Infrastructure: Solving RWA and Stablecoin Distribution first appeared on BitcoinWorld and is written by Editorial Team
September is set to be a breakthrough month on crypto as analysts foresee upsurge increases in Bitcoin as well as altcoins. Traders are eyeing XRP and Hedera as two of the strongest movers heading into the month, while MAGACOIN FINANCE is being flagged as one of the best altcoins to buy in 2025. The potential is high, considering 100x gains are possible and the bonuses offered to early buyers will already be locked-in. Analysts say this may make September one of the most critical entry points of the year. XRP Analysis In 2025, XRP made history by becoming the fastest contract to hit 1 billion in open interest on a CME Group derivatives market. That places it in the same category as Bitcoin, Ethereum and Solana and it indicates just how quickly institutional investment is lapping up XRP. The increased liquidity translates into narrower spreads and more stability in prices, which contributes to confidence. The $1.25 billion acquisition of Hidden Road by Ripple contributed to the current trend but made it easier to connect XRP with conventional markets at institutions. In the meantime, Ripple released its stablecoin RLUSD on the XRP Ledger, which increased its usage. More than 300 banks have already implemented RippleNet to make payments, thus its adoption is not slowed down. The regulatory side: SEC case is now a thing of the past of Ripple. That removed a big obstacle and made a way to more listings, funds, and ETFs. As Bitcoin surges and lifts the entire market, watchers anticipate XRP to breach a resistance at about $3.10. In case it successfully penetrates the price, price targets between $3.34 and more are possible; and a drop beneath the price values of $2.80 indicates a temporary correction. Hedera (HBAR) Analysis Hedera also comes under the limelight but due to its different kind of set up. It is operated by a council of international corporations, a feature that makes it special in terms of governance compared to most of the other blockchains. With the ability to process quick low-cost transactions, the network has been increasing its presence in supply chains, DeFi, and digital identifications. Network activity is on the increase with increased number of users and transactions being recorded on a monthly basis. The above growth along with the staking rewards keeps its holders busy and makes the system more resilient. Analysts are optimistic of HBAR given that its market cap is yet to be compared to the size of its technology. As 2025 brings the attention back to those platforms that can really scale, Hedera is well positioned. Provided that the current resistance levels are overcome, HBAR could continue its gains into September along with other altcoins. MAGACOIN FINANCE — Analysts Say It’s the Best Altcoin to Buy Right Now With the predicted bull run expected in September, MAGACOIN FINANCE is standing out as the best altcoin to buy right now . Even investing a small amount of $2,500 when the whales have yet to move in could give an investor up to 100x returns , analysts suggest. A meticulous roadmap, complete transparency and a smart contract audit endorsed by top blockchain companies have seen MAGA already gain thousands of investors. Early buyers are also securing a 50% EXTRA BONUS with code PATRIOT50X — adding to the urgency as FOMO builds around one of 2025’s most talked-about altcoins. Analysts Rank MAGACOIN FINANCE a Leading Crypto Presale for 2025 MAGACOIN FINANCE is often featured in analyst watchlists as one of the top crypto presales for 2025, and for good reason. The team’s commitment to full transparency — including public audits and KYC verification — builds unmatched trust. These fundamentals give investors peace of mind and separate the project from unverified alternatives in the market. Conclusion As September begins, the setup across altcoins is looking stronger than it has in months. As RP currently finds itself squarely back in the spotlight, following the clearing of its regulatory hurdles and gaining substantial traction with institutions alike, what could be the next step on the roadmap? Hedera is encouraging adoption via its enterprise-based governance structure and rapidly expanding application niches that may allow the network to become one of the most usable in practical use. Both coins have solid upside potential going into September. But it is MAGACOIN FINANCE that analysts say could turn the book around the investors. With its roadmap already in motion, its security audit passed, and forecasts pointing to gains as high as 100x, it’s being talked about as the altcoin to watch during this next rally. Provided that the market meets the bullish forecasts of September, it is possible that MAGA would turn out to be the greatest beneficiary among the three. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Top 3 Altcoins to Buy in September — Hedera, XRP and One Presale Gem Gaining Steam
The memecoin market has continued to surprise even seasoned crypto investors. Certain coins are emerging
Ethereum price started a fresh decline from the $4,700 zone. ETH is now showing bearish signs and might gain bearish momentum if it declines below $4,400. Ethereum is still struggling to settle above the $4,630 zone. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses and dive if there is a close below $4,400 in the near term. Ethereum Price Dips Again Ethereum price started a recovery wave after it tested the $4,320 zone, like Bitcoin . ETH price was able to climb above the $4,400 and $4,450 resistance levels. The price surpassed the 23.6% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low. However, the bears remained active near the $4,630 resistance zone. There were two attempts, but the bulls failed to gain strength. The 50% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low is acting as a barrier . The price reacted to the downside below $4,600. Besides, there was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,550 level. The next key resistance is near the $4,600 level. The first major resistance is near the $4,630 level. A clear move above the $4,630 resistance might send the price toward the $4,720 resistance. An upside break above the $4,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,800 resistance zone or even $4,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,550 resistance, it could continue to move down. Initial support on the downside is near the $4,440 level. The first major support sits near the $4,400 zone. A clear move below the $4,400 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,250 support level in the near term. The next key support sits at $4,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,400 Major Resistance Level – $4,550
The struggling Canadian firm aims to scale through a Litecoin-focused reserve and infrastructure model amid a pivot to the 27th-largest coin.
BitcoinWorld Spacecoin Airdrop: Unlock Your Exclusive Share in the Second Season! Exciting news is circulating in the crypto world! Spacecoin (SPACE), the innovative project building a decentralized satellite-based internet, has officially launched its highly anticipated second Spacecoin airdrop season. This presents a fantastic opportunity for crypto enthusiasts to acquire SPACE tokens, simply by participating in a straightforward process. Are you ready to dive in and claim your share? What’s the Buzz About Spacecoin Airdrop Season 2? Spacecoin is making waves with its ambitious vision to provide global, decentralized internet access through a network of satellites. Now, they are rewarding their community and expanding their reach with this new airdrop event. This second Spacecoin airdrop season promises to be even bigger and better, building on the success of its predecessor. The airdrop will be conducted on the PenguinBase platform, a dedicated hub for crypto distributions. PenguinBase itself was launched by Creditcoin (CTC), a project focused on building a decentralized credit system. This collaboration highlights the growing interconnectedness of the Web3 ecosystem, bringing together innovative projects for community benefit. How to Participate: Your Gateway to Free SPACE Tokens Participating in the Spacecoin airdrop is designed to be user-friendly, ensuring that a broad audience can join. The primary requirement revolves around holding Creditcoin (CTC) tokens. Here’s a simple breakdown of the steps you need to follow: Connect Your Wallet: Visit the official PenguinBase airdrop page. You will need to connect a compatible crypto wallet to this platform. Hold CTC Tokens: Ensure your connected wallet holds at least one Creditcoin (CTC) token. This acts as your entry ticket to qualify for the airdrop. Maintain Balance Until Snapshot: It is crucial to maintain your CTC balance in the wallet until the designated snapshot occurs. A snapshot is essentially a record of all token balances at a specific moment in time. If your balance drops below the minimum requirement before the snapshot, you might miss out. Boost Your Rewards: Invitation and Event Codes Beyond the basic participation, Spacecoin is offering additional avenues to increase your potential rewards. The project encourages community growth through invitation and event codes. These codes provide extra benefits, which are typically tiered based on your level of participation and engagement. For instance, inviting new users or participating in specific promotional events could unlock higher allocations of SPACE tokens. Always check the official PenguinBase and Spacecoin announcements for detailed information on how these codes work and what benefits they offer. Consequently, this system rewards active community members. Major Korean Exchanges Support the Spacecoin Airdrop One of the most significant developments for this Spacecoin airdrop season is the widespread support from South Korea’s leading cryptocurrency exchanges. This collaboration greatly simplifies the qualification process for many investors. Specifically, five major exchanges will support the second snapshot: Upbit Bithumb Coinone Korbit Gopax This means that if you hold your Creditcoin (CTC) tokens on any of these five platforms, you will automatically qualify for the airdrop. There is no need to transfer your CTC to an external wallet or connect it to PenguinBase directly if you are using these supported exchanges. This streamlined approach makes participation incredibly convenient and accessible for a large user base. Why Spacecoin’s Vision Matters for Web3 Spacecoin is not just another token; it represents a pioneering effort to bring decentralized satellite-based internet to the world. Imagine a future where internet access is not controlled by a few centralized entities, but is instead robust, censorship-resistant, and accessible globally, even in remote areas. This vision aligns perfectly with the core principles of Web3 – decentralization, user ownership, and global accessibility. By participating in the Spacecoin airdrop , you are not only gaining potential tokens but also becoming a part of a project that aims to reshape fundamental infrastructure for the digital age. Therefore, understanding the project’s long-term goals adds significant value to your participation. Understanding PenguinBase and Creditcoin’s Role The partnership between Spacecoin, PenguinBase, and Creditcoin is foundational to this airdrop. PenguinBase serves as the secure and efficient platform facilitating the distribution of tokens. Its design ensures a fair and transparent process for all participants. Creditcoin (CTC), as the underlying token and network, provides the essential infrastructure. Creditcoin’s focus on creating a decentralized credit system means it is built for robust and secure transactions. This collaboration, consequently, leverages established technology to deliver the airdrop effectively and reliably. Important Dates and Key Considerations for the Spacecoin Airdrop While the exact snapshot date will be announced by Spacecoin and PenguinBase, it is vital to stay informed. Always refer to their official channels for the most accurate and up-to-date information. Remember, maintaining your CTC balance until the snapshot is non-negotiable for qualification. Furthermore, be wary of scams. Always verify information directly from Spacecoin’s official website or social media channels. Never share your private keys or seed phrases with anyone claiming to be from the project. Your security is paramount. The second Spacecoin airdrop season offers a remarkable opportunity to engage with a groundbreaking Web3 project and potentially earn free tokens. With straightforward participation requirements, enhanced reward opportunities, and broad exchange support, now is the time to get involved. Don’t miss this chance to be part of Spacecoin’s journey towards a decentralized internet future. Secure your SPACE tokens and join the revolution! Frequently Asked Questions (FAQs) What is Spacecoin (SPACE)? Spacecoin (SPACE) is a decentralized project aiming to build a satellite-based internet network, providing global and censorship-resistant internet access as part of the Web3 vision. How do I participate in the Spacecoin airdrop Season 2? To participate, you must connect a wallet holding at least one Creditcoin (CTC) to the PenguinBase airdrop page and maintain this balance until the snapshot. Alternatively, holding CTC on one of the five major South Korean exchanges also qualifies you. What is PenguinBase? PenguinBase is an airdrop distribution platform that was launched by Creditcoin (CTC). It facilitates the secure and transparent distribution of tokens for various crypto projects. Which exchanges support the airdrop snapshot for CTC holders? South Korea’s five major exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—will all support the second snapshot, allowing investors to qualify by holding CTC on these platforms. Are there ways to earn more SPACE tokens during the airdrop? Yes, Spacecoin offers additional rewards through invitation and event codes. These benefits are often tiered, allowing participants to earn more based on their engagement and contributions. When is the snapshot for the Spacecoin airdrop? The exact date for the snapshot will be announced by Spacecoin and PenguinBase through their official communication channels. It is essential to monitor these sources for timely updates. If you found this article insightful, consider sharing it with your friends and fellow crypto enthusiasts on social media! Help spread the word about the exciting Spacecoin airdrop and its potential. To learn more about the latest crypto market trends, explore our article on key developments shaping Web3 innovation and decentralized internet ecosystem growth. This post Spacecoin Airdrop: Unlock Your Exclusive Share in the Second Season! first appeared on BitcoinWorld and is written by Editorial Team