CRYPTO NEWS

Wing Finance gains 167% in a week: here’s where to buy WING token

The price of Wing Finance token has been on the rise in the past few days, especially since Thursday, July 28. The price skyrocketed to hit a high above $53 on Friday, July 29 before taking a major dive to its current price of $16.69. WING token has gained about 167.8% over the past 7 days and it is still bullish.

Nevertheless, investors believe that last week’s price hike is a pointer that the WING token could jump to higher highs in the coming days. After all, it is currently trading at more than triple its price on July 27, which is about five days ago.

To help investors and traders who want to take advantage of the Wing Finance token especially now that it has dropped from its Friday’s high, Coinjournal has created this brief article to help with identifying the best places to buy WING tokens.

To find out more, please continue reading.

Best places to buy Wing Finance token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy WING with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


Buy WING with Swapzone today

What is Wing Finance?

Wing Finance, commonly just referred to as Wing, is a credit-based, decentralized platform that is designed for crypto-asset lending and cross-chain communication between Decentralized finance (DeFi) projects.

It aims at making crypto lending services more inclusive via a credit evaluation module that eliminates the need for use of collateral in borrowing. It also allows for the creation of new blockchain projects.

Wing uses decentralized governance (DAO) coupled with a risk control mechanism to develop a relationship between creditors, borrowers, and guarantors. This has increased the number of projects using the platform and also increased accessibility to crypto lending and borrowing services to users

Wing has successfully managed to tackle the problem of over-collateralization that plagues the DeFi industry by using the Wing DAO. The DAO has built a credit-based DeFi protocol that runs on the Ontology (ONT) blockchain and it allows users to also take part in the decision-making, operations, and product design processes.

Should I buy the WING coin today?

If you are looking for a cryptocurrency that has shown signs of taking off in the coming days, especially in the wake of the recent crypto market meltdown, then Wing Finance could be a good choice.

Nevertheless, you should take caution since the crypto market is extremely volatile as just witnessed with WING over the weekend where its price rose to above $53 and dived below $20 in a matter of five days.

Wing Finance price prediction

A majority believe that Wing Finance the hike on Friday was just a warm-up and it could be poised for a major take off especially following the rising activity on the Wing platform.

Wing platform recently launched the Wing NFT Pool and announced the Wing x Flamingo Joint Event and Wing Polkapets NFT Airdrop Update.

All eyes are on a target price of $60 before the end of this week.

Wing Finance social media coverage

 

The post Wing Finance gains 167% in a week: here’s where to buy WING token appeared first on CoinJournal.

Hackers are struggling to cart away with funds stolen on Acala Network

The Acala network has suffered a heavy attack from hackers. There are strong indications that the attack has claimed a whopping amount of aUSD tokens.  According to findings, the hackers feasted on a bug to drain aUSD from the pool. As revealed, the stolen funds amount to about 1 billion aUSD tokens. The bug aided::Listen

The Acala network has suffered a heavy attack from hackers. There are strong indications that the attack has claimed a whopping amount of aUSD tokens. 

According to findings, the hackers feasted on a bug to drain aUSD from the pool. As revealed, the stolen funds amount to about 1 billion aUSD tokens. The bug aided the attackers in minting a massive amount of aUSD. The Acala team has confirmed the hack with promises to commence an investigation to determine how the hackers carried out the attack. 

However, a series of engagements by Tweeps on Twitter indicates that the stolen funds are still on the chain. As indicated, the Acala team is working vigorously to prevent the hackers from wiring the loot to their wallets. Subsequently, blockchain security outfit, PeckSheild attested to the attack, but the firm hasn’t given more details about the attack. 

In its attempt to rescue the situation, the Acala team disclosed that it noticed a configuration glitch on the Honzon protocol. According to the team, this glitch affected the aUSD. Also, the team added that it would pass an urgent vote to pause operations on the network. According to the announcement, the Acala team promises to resume regular operations once the situation is calm.

Meanwhile, a Tweep raised awareness about the hacker’s wallet. The Twitter user disclosed that the alleged hacker’s wallet currently possesses about 1.267 billion aUSD. The user debunked these claims, later revealing that some mechanism had prevented the hacker from sending out the funds. Another user lamented how the attack manifested despite Acala being built on the Polkadot blockchain. It’s widely believed that the Polkadot blockchain is one of the most secure blockchain networks.

The attack is likely to impact the aUSD coin significantly. Twenty-four hours before the assault, the token plunged by 18.26%, according to data provided by CoinMarketCap. Currently, the token has lost its peg as it’s now at $0.9194; this indication strongly reflects a loss for holders. Likely, the stablecoin doesn’t retain its peg, just like what the industry experienced with UST.

However, if the hackers can initiate the attack fully by carting away the funds, the crypto space may face another crisis. Lately, questions about the reliability of stablecoins against the volatility of cryptos have emerged. The industry has witnessed algorithm stablecoin UST’s collapse within the year— a minimal crisis for USDT. 

The occurrences mentioned above have sparked debates and strict attention from regulators regarding stablecoins. This attention might take a new shape and incur strict regulatory stipulations for the industry. Lastly, the attack on the Acala Network further highlights how crypto firms and projects are now a subject of attack by hackers.

Related

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

Tamadoge logo

Wing Finance gains 167% in a week: here’s where to buy WING token

Shopping cart
There are no products in the cart!
Continue shopping
0