A whale made significant moves in the crypto market. They deposited 4 million USDC to Kraken and withdrew 35,983 AAVE. Continue Reading: Whale Makes Significant Moves in Crypto Market
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Source: CoinTurk News
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NexQloud’s Innovative NXQ Token System Turns CPU Devices into Profit Centers
Why NXQ Tokens Could Revolutionize Cloud Computing and Set New Standards for Crypto Projects Enter the next era of cryptocurrency with NXQ Tokens, the official currency of NexQloud’s cloud computing platform. Tailored for enterprises utilizing Kubernetes for containerized orchestration, this platform is designed to seamlessly meet the needs of modern businesses. Driven by real-world demand and innovative tokenomics, NXQ Tokens offer a compelling opportunity to invest in a tangible, utility-driven asset with significant growth potential. NXQ Token Overview NXQ Tokens are the currency of NexQloud’s decentralized cloud computing network, balancing increasing demand with shrinking supply to drive long-term value. They serve as the utility token distributed to QloudNode operators who provide the specialized hardware required to run the decentralized cloud. Businesses require NXQ tokens to access NexQloud’s services, creating a self-sustaining cycle where token demand and value grow organically. As more enterprises adopt NexQloud’s cost-efficient and environmentally friendly cloud solutions without compromising security or availability, the demand for NXQ Tokens is expected to increase in line with their rising computing needs, projected at a compound annual growth rate of 16.3%. Concurrently, the supply of NXQ Tokens tightens due to a Bitcoin-inspired halving mechanism that reduces daily token distribution every four years. This, combined with increasing competition among QloudNode operators, further restricts token availability, while NXQ’s fixed supply ensures lasting scarcity. Maruo Terrinoni, CEO of NexQloud, explains, “This distinctive blend of increasing demand and limited supply establishes NXQ as a utility-backed token with considerable growth potential, presenting an appealing opportunity for both investors and QloudNode contributors.” NXQ Tokenomics Advantage: Supply and Demand Platform Growth: Every new business onboarded to NexQloud adds to the token demand, creating a cycle of increasing adoption and revenue reinvestment. NexQloud brings a dynamic market presence to the trillion-dollar cloud industry, which is growing at a 16.3% Compound Annual Growth Rate. Enterprise Adoption: Businesses require NXQ tokens to access NexQloud’s decentralized cloud services. As more enterprises switch to NexQloud for its cost-effective and scalable solutions, the demand for NXQ increases. Growing enterprise workloads amplify token usage as companies scale their operations and computing needs. Speculative Interest: NXQ’s proven scarcity model and real-world utility attract crypto investors seeking a stable yet growth-oriented asset. NXQ Supply Decreases Through Scarcity Mechanisms Bitcoin-Inspired Scarcity Mechanism: The total supply of NXQ tokens is capped at 21 million, ensuring a finite asset that becomes increasingly valuable as demand grows. Halving Events: Every four years, the daily token distribution (3600 NXQ tokens daily until 2028) to QloudNode operators is halved, mirroring Bitcoin’s approach to driving value appreciation over time. Increased QloudNode Competition: As more QloudNode operators join the network, competition for daily token rewards intensifies, making NXQ tokens harder to acquire. Fixed Supply: With no ability to mint additional tokens, the token supply remains immutable, safeguarding against inflation. The Supply and Demand Impact This system ensures that as NexQloud scales and enterprise adoption grows, NXQ tokens remain scarce, increasing their value. The result is a predictable scarcity-driven appreciation in token value, offering investors a stable, utility-backed asset with significant long-term growth opportunities. “By aligning our tokenomics with enterprise cloud demand, NXQ delivers a compelling opportunity, blending the best of cryptocurrency innovation with practical, real-world utility,” says Terrinoni. “We are not just creating a decentralized platform; we are influencing a trillion-dollar industry to recognize the real-world impact and long-term value of blockchain technology. Like Bitcoin, NXQ tokens are poised to be a game-changer, driving significant transformation in how cloud services are consumed and provided.” As NexQloud prepares for its launch, the NXQ token system is set to not only reshape the cloud computing landscape but also provide a blueprint for how cryptocurrencies can offer real-world utility and foster significant economic shifts. CoinTurk News
Defi Doesn’t Sleep—Mystery Whale Dumps 125,000 ETH Into Aave on Christmas Day
The Head of Research at Intotheblock.com revealed that on Christmas Day, someone stashed 125,000 ETH into the decentralized finance (defi) platform Aave. The platform has been buzzing with activity throughout the last quarter of the year. $417 Million in Ether Stashed in Aave on Christmas On Dec. 25, amidst the holiday festivities, someone using an CoinTurk News