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…
Category: Crypto
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The Looming Crypto Bull? Q1 2022 in Review
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…
The Role of Cryptocurrency in GeoPolitics
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…
Coinomo’s Guide to Keeping Your Crypto Assets Safe
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…
Analyzing 2022 Crypto Trends
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…
BT Money Hacks: Bullish outlook for cryptocurrency in 2022 and beyond (Ep 108)
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.
Top 5 Tips to Avoid DeFi Scams
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 DeFi Lending? Let’s Discuss in the Article
Decentralized Finance (DeFi) is a passive income and fixed income program from crypto. One of the most popular DeFi programs and what is DeFi lending. Let’s have a complete gnat book about DeFi lending in this article. What is DeFi Lending? DeFi Lending is one of the fastest growing parts of the cryptocurrency ecosystem. They…
Crypto : What is the difference between a DeFi wallet and a custodian exchanges wallet
What is the difference between a DeFi wallet and a custodian exchanges wallet in the crypto world? Let’s discuss the differences between the two wallets. There are many digital currencies available to invest, exchange and store. Because investors experiment with growing portfolios. They see more alternatives to keep them safe. Crypto custodian wallets or traditional…
8 Best DeFi Tokens For Investment Alternatives in 2021
DeFi Tokens are the tokens or coins issued by the various Decentralized Finance platforms. The increasing price of Bitcoin turned out to not only increase its own popularity, but also attracted the general buy-in of all cryptocurrency. There are many of popular DeFi tokens that you can consider when you want to invest in crypto…