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Dua.com’s token sale is now live on AllianceBlock’s Fundrs platform

Dua.com’s token sale launched on November 23rd and is set to end on December 14th. The Dua.com token sale is the first one on the Fundrs platform, which was launched by AllianceBlock in August. Dua.com already has over five million users and hopes to provide DeFi services on its platform.  The Dua.com token sale will […]

The post Dua.com’s token sale is now live on AllianceBlock’s Fundrs platform appeared first on CoinJournal.

  • Dua.com’s token sale launched on November 23rd and is set to end on December 14th.

  • The Dua.com token sale is the first one on the Fundrs platform, which was launched by AllianceBlock in August.

  • Dua.com already has over five million users and hopes to provide DeFi services on its platform. 

The Dua.com token sale will conclude on December 14

The Dua Foundation has announced that its private token sale on the AllianceBlock Fundrs platform is now live. According to the press release shared with Coinjournal, the foundation revealed that its token sale began on the 23rd of November at 17:00 CET and will conclude on the 14th of December at 17:00 CET. 

The foundation added that users who wish to take part in the token sale could do so by visiting the Seeker listing on Fundrs and also following its step-by-step guide

This latest cryptocurrency news is a big one for AllianceBlock as the dua Foundation is the first project to raise capital on its Fundrs platform. Fundrs was launched in August 2022. 

Dua.com to provide DeFi services to users

The token sale comes after dua AG, a Swiss-based startup, raised $4 million in a Series A round. The team revealed that it intends to tokenise its millions of users via cryptocurrencies and decentralised finance (DeFi).

According to the dua Foundation, the DUA utility token will power the ecosystem of apps (dua.com and spotted.de). The tokenised experience creates a reward system based on in-app activities and user reputation, which drives the end-user’s ability to participate in and benefit from a fairer economy. The foundation added that its DUA token would also be used to purchase in-app subscriptions, and businesses could use it to advertise their products and services to dua’s user base. 

While commenting on this latest development, Ardit Trikshiqi — Chief Payments Officer at dua.com, said;

“The launch of the DUA token is an innovation for the matchmaking industry. DUA will enable 5 million users of dua.com and spotted.de to engage in a participative virtual economy that offers a wide range of services and is growing exponentially every day and millions of individuals and businesses, part of globally fragmented communities that are not being supported by traditional financial providers such as banks or money transfer operators.”

The dua Foundation added that its ecosystem would offer communities with no access to traditional financial services an easy way to access and participate in DeFi services directly inside the apps. 

Thanks to its in-built wallet, millions of users can gain access to services such as on-chain remittances, payments, and lending. 

The post Dua.com’s token sale is now live on AllianceBlock’s Fundrs platform appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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4 bearish factors for Bitcoin this week

The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar Bitcoin might give up some of its 2023 gains on a hawkish Fed All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening The Federal Reserve’s monetary policy decision is scheduled this week. It is the […]

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

  • The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar
  • Bitcoin might give up some of its 2023 gains on a hawkish Fed
  • All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening

The Federal Reserve’s monetary policy decision is scheduled this week. It is the first time the FOMC (Federal Open Market Committee) meets in 2023, and the stakes are high for the US dollar.

Bitcoin has strengthened against the US dollar in January so far, in sync with other fiat currencies. Therefore, whatever the Fed decides on Wednesday will affect Bitcoin price too.

A hawkish Fed may turn up being bearish for Bitcoin. These are the four areas where the Fed may express its hawkishness: inflation outlook, growth outlook, interest rates level, and quantitative tightening.

Inflation outlook

The Fed is committed to bringing inflation to its 2% target. This is why it has raised rates so aggressively, so if the Fed says that inflation is embedded and upside risks remain, then the US dollar should move higher.

In this scenario, the market will bet that the Fed sees ongoing rate hikes as appropriate.

Growth outlook

The currency stance is that a sustained period of below-trend growth is likely. If the Fed changed its view and sees recession required to have a material impact on the inflation outlook, that would also trigger a sharp move higher in the dollar.

Interest rates

Ultimately, it is all about the interest rate level. The funds rate range has reached 4.25%-4.50%, and all eyes are on what the Fed does and says on Wednesday.

The base case scenario is that the Fed will hike by 25bp and says that ongoing interest rate increases are appropriate. Therefore, anything more than that should be bullish for the dollar and bearish for Bitcoin.

For example, the Fed might hike 50bp. This is a risk going into the meeting, especially considering that inflation is not backing down as fast as initially thought.

Quantitative tightening

The Fed currently shrinks the balance sheet at a pace of $95 billion/month. A decision to accelerate the balance sheet reduction would be very hawkish for the dollar.

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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