cryptocurrency price quadruples after listing on Coinbase Pro

 Social media-focused cryptocurrency price quadruples after listing on Coinbase Pro

Coinbase Pro, a platform for traders from the American exchange Coinbase pro, opened trading this Tuesday (14) for the Cryptocurrency  token, native to the Decentralized Social blockchain. After the listing was announced, the altcoin jumped by almost 500%, but its price corrected hours later.

DESO Token Jumped Fast From $100 To $470 But Also Suffered Big Correction

Despite the cryptocurrency having already had a bullish cycle shortly after it started being tracked by Coinmarketcap in June this year, when it was trading above $180, DESO doesn't know what it's like to exceed every $100 for a while. at least one month. In recent days, the cryptocurrency has been trading in the $90 range.

When it was announced by Coinbase in a note Monday afternoon, DESO jumped from $100 to $474 in just over an hour. The rise, however, was short-lived, and the currency began to correct at the same rate. Earlier in the evening, the altcoin was trading in the $150 range. At press time, 

DESO is trading at $140 and has been up 40% over the last 24 hours.
Conbase described DESO as a native cryptocurrency that powers the Decentralized Social blockchain, a platform designed to support a wide variety of decentralized social media applications.

 Coinbase Pro

 Coinbase Pro described DESO as a native cryptocurrency that powers the Decentralized Social blockchain, a platform designed to support a wide variety of decentralized social media applications.
In addition, the exchange says, the token can be used to purchase products such as NFTs, and to create profiles and posts for decentralized social media applications.

1. Cryptocurrency Debit Card: What It Is and How It Works

Cryptocurrency credit cards work just like traditional credit cards. That is, the user must have sufficient funds in their account to purchase the product or service, as the price is applied at the time of purchase.
Debit cards often work like top-up cards: on the app or website of the service company, the user reserves a large number of  Coinbase Pro  in his account, which he can then use to pay with the card.

1 .How do cryptographic debit cards work?

One of the advantages of these forms is that there is no need for the user to convert their cryptocurrency into fiat currency. This allows the user to "hold" their digital devices longer and use them as needed.

Cryptocurrency debit cards are mainly used by the crypto community, unlike credit cards, there is no need for the user to provide income information to obtain a loan issued by the department. This company issues cards.

2 .What are the advantages of using a cryptographic credit card?

Perhaps the best benefit of crypto cards is their acceptability as it eliminates the fact that merchants are willing to accept payments in  Coinbase Pro.
In fact, the merchant doesn't even want to know that the transaction was made on a digital device.


With this group of cards, the cryptocurrency used by the user to pay is immediately converted into fiat currency upon arrival at the merchant's bank account, avoiding price fluctuations that exist in the market.


This is due to the services provided by major payment systems such as Visa and Mastercard, which allow the transfer of goods without notification to the user or merchant.
In this way, thousands of companies around the world can accept Visa or Mastercard credit cards.

3. What are the benefits for the user?

Many cryptocurrency credit card companies often offer additional benefits to their customers. For example, refunds for card purchases are usually received by the merchant in the form of Bitcoin (BTC) or an issuer-issued token.

When Ripio launched its prepaid card in Brazil last month, it offered 5% cashback in bitcoin until the end of October to attract new customers.
Here, the user should note that certain benefits are part of the promotional campaign and may be limited in time.

But there are also a variety of pre-made coins, like Crypto.com, which gives Cronos cash back (CRO), discounts and free rewards for services like Netflix and Spotify.

4. being cautious

It should be noted that most of the benefits that crypto cards offer in the market are not free. In the case of Crypto for example, the user needs to participate in the CRO, ie. he reveals his identity and deposits money in the platform's own cryptocurrency.



Another point that a user should pay attention to when using a crypto card is the volatility of the asset he is willing to pay for the purchase. Because if an investor buys the currency when the price is high and uses it to pay for the purchase when the price is low, he loses in doing so.


In addition, it is important for the user to be aware of the fees charged by cryptographic card issuers, which may vary from company to company.


Want to invest in digital assets but don't know where to start? Bitcoin Trading provides a convenient and secure trading platform for those taking their first steps in the digital economy.

2. Binance Announces Own Terra Classic Burn Mechanism (LUNCH) and Token Price Soars

The former Terra LUNA community aims to reduce total supply from 6.9 trillion to 20 billion units.

Cryptocurrency exchange Binance announced on Monday (26) that it is supporting the Terra Classic (LUNC) cryptocurrency community initiative and increasing the trading price on its platform. Last Tuesday (20), all LUNC (formerly LUNA) transactions were charged a 1.2% token withdrawal fee, the Coinbase Pro "brain tax".

 1. Binance 

“LUNC’s unique value will be burned, its value will be equal to the US dollar, and the blockchain exchange identity will be updated weekly in this message,” Binance’s support team said. According to the notice, the validity period "until further notice" starts on 09/21/2022 and applies to spot and interest rate exchange operations.

"The calculation of the total market value of the LUNC lot and burnt trading pairs for the previous week is done every Monday at 00:00 (UTC). The chain burn continues and the weekly report is updated every Tuesday Fridays at 00:00:00 (UTC)”, explained

The Terra LUNC community aims to reduce the total token pool from 6.9 trillion to 20 billion. According to website forex market news  Briefing, the tax was supposed to theoretically put deflationary pressure on the token, but the asset has dropped sharply over the past week even as equities have plummeted.

About 1.8 billion LUNC were burned last week, which would be worth $540,000 at today's prices, which would be enough for the market cap, but the value of the LUNC token has increased from $0.00018 to $0.00018. $0.00321 in the last 24 hours, which is a close average. a 40 percent increase. Over time, according to Coinmarketcap.

We have decided to burn all trading fees posted on the website and burn LUNC/BUSD and LUNC/USDT trading fees. The value is converted to a LUNC and sent to the registered address. We have to pay for the fire, not the user. "