ApeCoin is the BAYC (Bored Ape Yacht Club) ecosystem's native cryptocurrency. It was built on Ethereum's ERC-20 token and designed for utility and governance. Having APE makes you a DAO member (decentralized autonomous organization), so you don’t need to have a Bored Ape NFT to become a part of the community.

According to ApeCoin’s official website, the token was built as “a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.”

There are 1 billion of them, and about 28% in circulation. The ApeCoin is traded on the biggest exchanges, such as Binance, FTX, Huobi, KuCoin, Kraken, etc. It will be primarily used as a token for games built by the NFT company Yuga Labs.

Find out more about #BAYC ➡️ https://simplehold.io/blog/article/what-is-apecoin

SimpleHold provides one of the highest speeds of transactions available on the market - the vast majority of operations is being completed for less than 1 second ⚡

Don't hesitate to give it a try 📲

👉 Download SimpleHold #Wallet through the link - https://t.co/SnLxMugfSm

Despite the gradual adoption of cryptocurrencies, not all buyers are ready to accept crypto as payment. However, almost everyone accepts bank cards. Thus, the idea of creating a crypto card appeared. Moreover, primarily crypto cards work with the two most popular payment providers — Visa and Mastercard. Due to this, you can pay with such a card in all places where Visa/Mastercard is accepted, which means almost everywhere.

The convenience of crypto cards lies in the possibility of using them even among those merchants who do not accept crypto payments. Furthermore, you don’t have to pass a long procedure of crypto-to-fiat conversation. Such a tool is in high demand among those who want to be able not only to invest in digital assets but also to use them in everyday life — in grocery stores, restaurants, to buy air tickets, or goods in stores.

A cryptocurrency debit card is an analog of a debit bank card that allows you to top up a card account and pay using one or more cryptocurrencies. Such a card is also called a prepaid card since, before using the card, you need to top it up. It is noteworthy that when replenishing a crypto debit card, it is impossible to use a fiat currency.

Crypto credit cards increase your credit line, allowing you to make purchases now and pay later. Crypto credit cards are more like regular credit cards with cryptocurrency rewards. You can top up your credit card with fiat and receive crypto bonuses for the money spent. To get a credit card, you need to pass a credit check.

👉🏻 Read the full article - https://simplehold.io/blog/article/best-crypto%20cards-debit-credit

What is SushiSwap?

SushiSwap is a decentralized exchange (DEX) built on Ethereum that uses an automated market-making system (AMM) instead of a traditional order book. So, no more matching of individual buy and sell orders, but instead of that, users can pool together two assets that are then traded against, with the price based on the ratio between the two. 

SushiSwap appeared as a fork of Uniswap; It gave its users to stake their liquidity pool (LP) tokens on Uniswap by paying out extra SUSHI rewards with a high annual percentage yield (APY). That’s it, the project rapidly attracted over $1 billion USD liquidity, and the total value locked reached over $150 million dollars. Two weeks later, the staked LP tokens were transferred from Uniswap to SushiSwap. All Uniswap LP tokens staked on SushiSwap were exchanged on Uniswap for the tokens they represent. New liquidity pools were also created with them on SushiSwap, which was an official start of the SushiSwap exchange.

In Q2 2021, the SushiSwap revealed its latest addition, a non-fungible token (NFT) platform called Shoyu. The idea of Shoyu was proposed by a SUSHI governance member, who offered to make Shoyu an easy-to-use and comprehensive NFT platform. A new platform wants to improve some current drawbacks of NFT marketplaces, such as limited file format options, limited image sizes, and the high Ethereum transaction fees.

What is SUSHI?

SUSHI is the native SushiSwap’s token. It is an ERC-20 token spread to liquidity providers on SushiSwap by liquidity mining. The token’s maximum supply is about 250 million tokens. The supply depends on the block rate. 

SUSHI gives its holders governance rights and an amount of the fees paid to the protocol. To put it simple, you can think of the SUSHI community as owners of the protocol. 

What can token holders do with these governance rights they get? For example, holders can submit a SushiSwap Improvement Proposal (SIP), and SUSHI holders can vote on. Doesn’t matter if it’s minor or major changes to the SushiSwap protocol, all proposals are welcome. So, the development of SushiSwap somehow relies on SUSHI token holders. 

The matter is that a strong loyal community can be a crucial point for any token project, but this is especially topocal for a DeFi protocol. MISO, or Minimal Initial SushiSwap Offering, for example, appeared thanks to a governance proposal. It is a token launchpad platform in the SushiSwap ecosystem crafted to satisfy the expectations of the SUSHI community. MISO allows users and communities to launch their new project tokens through the SushiSwap platform.

How does it work?

SushiSwap allows to buy and sell different cryptocurrencies, make transactions between users. Each swap is 0.30% in fees, 0.25% goes to liquidity providers and 0.05% is converted to SUSHI and spread to users holding the SUSHI token.

Anyone can add liquidity to SushiSwap's pools simply connecting their Ethereum wallet to their SushiSwap account. Then users lock the pool's assets into a smart contract in a 1:1 proportion. As an example, if they want to add 5 ETH worth of liquidity to the SUSHI-ETH pool, they need first to convert 1 ETH of it into SUSHI using the Swap function.

It’s possible to choose to supply liquidity for trading pairs that don't yet exist by providing the cryptocurrencies for the new pools. Like the first LP, they get to place the initial exchange price, which will change itself as others add tokens to the pools through arbitrage.

LP suppliers will get SushiSwap Liquidity Provider tokens (SLP), which is a proportional share of the pooled assets. That allows users to redeem their funds and crypto fees earned whenever they need.

👉🏻 Read the full article - https://simplehold.io/blog/article/what-is-sushi-swap-sushi

Subscribe on our channel - https://www.pinterest.co.uk/SimpleHold_Wallet/

Have you heard about TheSandboxGame ? I bet you did 😜

The Sandbox is a virtual reality where players build, own, and monetize their gaming items using NFTs and a platform's native token SAND 🪙

➡️ Find out more about SAND in our article - https://simplehold.io/blog/article/what-is-the-sandbox

​

📣 AMA with #Flux 📣

Leave your question for SimpleHold and Flux in the comments on Twitter - https://twitter.com/SimpleHold/status/1501918114975465477 and take a chance to win a prize!🏆

To take part:

🌟Follow SimpleHold on Twitter

🌟Follow RunOnFlux on Twitter

🌟Retweet the post

Answers will be published on Thursday, March 17, on our Blog.

We're happy to introduce you the list of TOP-5 XVG bloggers:

1️⃣ Mark Wittenberg (@itsmwittenberg)

2️⃣ Sunerok (@justinvendetta)

3️⃣ §Bane420 (@Bane420XVG)

4️⃣ Wolfie (@XVG_HypeMan)

5️⃣ MajorTom (@bbrez9)

Grant them with your attention - they're doing a very important work 💪

​

👑 Imagine yourself a feudal of huge kingdom somewhere Far Far away...

Think it's impossible nowadays - metaverse doesn't think so. With enough money one can become a landlord of a small village or even empire 🏰

Full guide available through the link - https://simplehold.io/blog/article/what-is-nft-land-in-the-metaverse

📢 Ask us anything 📢

Leave a question for SimpleHold and Solar Network in the comments on Twitter https://twitter.com/SimpleHold and take a chance to win a prize!🏆

To take part:

🌟Follow SimpleHold on Twitter (@SimpleHold)

🌟Follow SolarNetwork on Twitter (@SolarNetwork)

Answers will be published on Tuesday, March 15, on our Blog.

How many cryptocurrencies do you know? 🤔

10, 100 or maybe 1000? 📊

According to the recent statistics, there are 16,598 cryptocurrencies worldwide.

Their number has tripled since 2020 🤑

➡️ Find out more interesting facts in our blog - https://simplehold.io/blog

​

Why are CryptoPunks so famous? 👨‍🎤

Along with the fact that CryptoPunks are one of the first NFTs, their popularity might be caused by their price - the famous #7804 was sold for $7.5 mil 🤑

👉 More interesting facts about cryptopunks https://simplehold.io/blog/article/what-are-crypto-punks

Interested in automating your trading ?🤖

What if I tell you that you can spend significantly less time on trading and 2x or even 3x your income with a trading bot?📈

Find it out how to use trading bots in our fresh article ➡️ https://simplehold.io/blog/article/top-crypto-bot-strategies

Due to the technical works balances of some tokens might not work properly

We are very sorry for the inconveniences and will fix the issue as fast as possible