Kazakhstan is leveraging its existing crypto infrastructure by forming a new partnership with Binance to establish a government-backed crypto reserve.
The Alem Crypto Fund will initially be entirely $BNB, the utility token for Binance’s blockchain. It’s unclear how much $BNB will be bought or if Kazakhstan will eventually diversify the fund’s portfolio with other crypto assets.
While Kazakhstan’s move might seem surprising at first glance, the country has been a major player in the crypto industry since China’s ban on crypto mining. In the vacuum that followed, Kazakhstan stepped up and was ranked second globally for Bitcoin hashrate in 2021.
The government adopting tokens like $BNB for national crypto reserves could lead to significant capital inflows into the industry, greatly benefiting altcoin projects such as Bitcoin Hyper ($HYPER), Snorter Bot ($SNORT), and Ripple ($XRP).
Bitcoin Hyper ($HYPER) addresses all of Bitcoin’s scalability issues, upgrading the aging Bitcoin network into the modern Web3 era.
Institutional investors and governments favor Bitcoin due to its reliable value and strong security features, but it can be cumbersome for retail crypto users to use. It’s slow to transact, and the increasing fees make it impractical for small purchases.
That’s where Bitcoin Hyper is transforming the scene with a Layer-2 solution that uses Solana Virtual Machine (SVM) with zK rollups. Adding an SVM increases Bitcoin’s transaction capacity from 7-10 transactions per second to thousands per second by recording transactions on the Layer-2.
There are also numerous benefits to integrating Solana in Web3. Most importantly, Bitcoin Hyper will be able to support smart contracts, enabling you to swap crypto, trade NFTs, and use DeFi apps, all with the value of $BTC backing your transactions.
Everything works thanks to $HYPER, the official utility token of Bitcoin Hyper. The $HYPER token gives you access to exclusive features on dApps running within the Bitcoin Hyper network, as well as discounts on fees when you trade crypto or run smart contracts.
Holding $HYPER also grants you voting rights on the Bitcoin Hyper DAO. You can vote on new proposals that determine the future of the blockchain, so if you believe in Bitcoin Hyper’s long-term success, holding $HYPER is the best way to show your support.
You’ll need to act quickly if you want to buy $HYPER at a low price. The presale has already raised over $19.3M and is gaining momentum, but if you buy now you’ll also have the chance to stake your $HYPER for up to 61% annual rewards.
Get your $HYPER tokens today.
Snorter Token ($SNORT) is the official token of Snorter, a Telegram trading bot that scans the market for top-performing altcoins and presents them in a single, easy-to-use interface.
Trading altcoins seems simple, but if you’re not careful, it’s easy to fall into a scam you’re unaware of. Still, the market moves very fast – by the time you’ve vetted an altcoin, the best price might already be gone.
Snorter keeps you in the game by automating much of this process. It operates silently in the background, verifying each new altcoin with a honeypot detection engine for rugpull signs. The engine currently has an 85% success rate in beta testing, which we expect to improve further upon release.
Pick a coin from Snorter’s recommendations, and you’re presented with the option to set buy or sell orders. These execute whenever the coin you’ve chosen reaches a specific price point, so you won’t need to check your phone every five minutes to find the right time for a profitable trade.
Snorter will support the Solana blockchain at launch and will also add support for Ethereum, BNB, Polygon, and Base in the future.
The most important Snorter features require $SNORT to unlock. It’s the Snorter utility token, which lowers your trading fees to just 0.85%, well below the industry average of 1% for trading bots. It also removes the daily trading cap, allowing you to trade freely.
That’s especially helpful if you want to make use of the copy trading feature. Simply select the wallet you want to mirror, and Snorter automatically executes the same trades using a high-speed RPC node to replicate the timing as precisely as possible, maximizing your potential profits.
With so many uses, it’s no surprise $SNORT has already raised over $4.1M in the presale. It’s a dynamic presale, so although the token is currently priced at $0.1065, don’t expect it to stay that low for long. While you’re at it, you can also earn staking rewards of up to 114% per year if you buy now.
Join the Snorter Token presale ahead of Snorter’s launch.
Ripple ($XRP) is a collection of technologies designed to accelerate cross-border payments by augmenting the existing SWIFT infrastructure for institutional money transfers.
When banks and other institutions conduct currency swaps, they are limited by the need to fund nostro accounts, which provide the necessary liquidity in a foreign currency to complete the transfer. The requirement for these accounts ties up significant amounts of capital that could otherwise be used to fund high-yield assets.
Ripple’s On-Demand Liquidity service addresses this issue by enabling large institutions to instantly transact using $XRP as a universal currency, removing the necessity for multiple currency pools.
$XRP is currently valued at $2.83, having experienced a year-long increase of over 350% in its token value. Although $XRP is pulling back from its all-time high of $3.54 reached in July, it remains the fourth-largest cryptocurrency in the world by market cap, at $170 billion.
You can purchase $LINK through most CeX and DeXs.
