What Is UST UST is an algorithmic-backed stablecoin native to the Terra Ecosystem. It operates using a seignorage shared model with LUNA absorbing the volatility of the UST stablecoin. This model achieves stability through a mint-and-burn mechanism: When UST trades at >$1, 1 dollar of LUNA is burnt to mint 1 UST to increase the supply of…
We’re happy to announce our new and improved referral program launched in our latest app update. This promotion rewards our members when they refer new users to our platform. It’s simple! Give your friends your referral code and ask them to register and fill in this referral code. You and your friend will get a 100…
The Coinomo team is pleased to present our followers with another monthly deep-dive article into the crypto/DeFi industry. This month, we will talk about the uncertainty facing the crypto market as well as key indicators that could indicate market direction. We hope that this article will help our readers understand even more about the industry…
We noticed some concerning movements in USDC/USDN vault and decided to take prompt action to safeguard our investors. Thanks to our quick turnaround, most of our customers came out of this incident unscathed. About USDN USDN is an algorithmic stable coin backed by WAVES, the mechanism where users can mint USDN (which carries an average…
Starting the month of march 2022, we at Coinomo will aim to provide our readers a monthly deep-dive article on the hottest crypto news or concepts in the crypto industry. The first quarter of 2022 has gone off to a wild and unprecedented start for crypto and the world. Rampant inflation, forecasts of interest rate…
A lot of our Coinomers are in Indonesia. In the past weeks, we had to cancel the deposit channel via Bank Transfer VA Mandiri and therefore find this the perfect timing to go over some safety tips for our users. Many investment offers are circulating with attractive returns, but how would you determine if an…
2021 was a wild year for the crypto industry, from regulatory attention, wild price swings, and technological advances. In this post, we will outline the most promising sectors in the crypto ecosystem in 2022. A Look at the Crypto Industry in 2021 Even with the usual market volatility and China banning crypto in 2021, the…
Business times correspondent Howie Lim speaks to Evie Zhang, co-founder and CEO of Coinomo & OMO Finance about cryptocurrency’s outlook for 2022 and beyond, and also whether non-fungible tokens should factor in your portfolio as well.
With over hundreds of DeFi protocols in the crypto ecosystem, it is easy for an investor to be overwhelmed and difficult to verify the safety of their chosen product. Furthermore, unless you are technical expert in DeFi yourself and able to parse through its smart contract codes, most investors have little tools to perform due…
What is a DeFi Wallet? Is it Different from Other Crypto Wallets? To transact in crypto you must possess a crypto wallet. Usually, every large crypto exchange already have a integrated crypto wallet. Likewise for DeFi platforms. A DeFi wallet is needed to invest in DeFi. DeFi wallets are different from the custodial wallets that…