Dmm news
Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January
In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project to rise above the noise and post positive price gains but there are a few projects that are showing strength during the current downturn. Kyber Network (KNC) is a multi-chain decentralized exchange (DEX) and aggregation platform designed to provide decentralized finance (DeFi) applications and their users with access to liquidity pools that provide the best rates. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a bottom of $1.18 on Jan. 6, the price …
Markets / Jan. 28, 2022
Tim Draper Backed DeFi Project Up 140% Despite Troubled Sale
Lending platform Defi Money Market (DMM) — backed by Tim Draper’s Draper Venture Network — has had a difficult birth. The Initial DEX Offering (IDO) has completed successfully, raising $6.5 million in 48 hours, but investors reported problems with completing transactions, a confusing interface or raised trust issues around the company’s background. Separately Telegram scammers made off with $40,000 from users trying to buy — although DMM kindly made up for the lost tokens — and there were claims of privacy problems. Despite the issues, DMM’s DMG token is currently trading at $0.87, over double the initial sale price of …
Blockchain / June 25, 2020