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About CRUX

CRUX is the fuel that powers a unique financial platform providing market analysis, social sentiment, and on-chain data using Artificial Intelligence integration. The platform is designed to offer users a revolutionary way to analyze and trade in the cryptocurrency market, leveraging cutting-edge machine learning technologies to provide real-time insights. Holders of CRUX can earn more tokens while participating in a survival MMORPG game on the Metaverse, where they compete with friends and fight against hordes of undead enemies to survive. The game is designed to challenge players' skills, wits, and bravery while providing real value for their achievements.By holding CRUX tokens, players can participate in the game's token-based economy and earn rewards for their skills and achievements. The value of these tokens is tied to the success of the game, creating a unique symbiotic relationship between players and the game's creators. In addition to powering our financial platform and game ecosystem, CRUX also offers attractive rewards to its holders. Every transaction incurs an 8% fee, which is used to incentivize existing holders, grow our ecosystem, and fund expansion efforts. Of this fee, 2% is redistributed as rewards to existing holders, encouraging them to continue holding CRUX and participate in the ecosystem. Another 2% is added to the liquidity pool, which helps to ensure the stability of our token's value and enable more efficient trading. The remaining 4% is allocated towards further growth and expansion, including expenses for marketing, partnerships, and community development initiatives. By holding CRUX tokens, users can participate in this unique ecosystem and benefit from the rewards offered to long-term holders.At CRUX, our goal is to provide the best innovative gaming and social experience to the players while using the blockchain technology to its full potential. We aim to revolutionize the gaming industry by creating a Play-to-Earn (P2E) experience that offers real value to our ecosystem and players. Along with our flagship MMORPG game, we are also building a powerful financial platform that leverages Artificial Intelligence and machine learning technologies to provide real-time market analysis, social sentiment, and on-chain data for traders to make informed decisions. Our vision is not limited to just our own game and financial platform. We plan to be the launchpad for other games and companies to launch themselves on our ecosystem, using our knowledge, resources, and blockchain technology. We strive to create a dynamic and vibrant ecosystem that will drive innovation and growth. Furthermore, we believe in the power of blockchain to create a seamless and interconnected metaverse. Our team is dedicated to making $CRUX fit into any other metaverse using the blockchain, thus enabling seamless transactions and interactions across different virtual worlds.

CRUX (CRUX) is a cryptocurrency launched in 2023. CRUX has a current supply of 1.00Bn with 0 in circulation. The last known price of CRUX is 0.000000407541 USD and is -0.00000000155 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://cruxcryptos.com.

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Updated Oct 17, 2023 2:30 am
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of CRUX (CRUX)?

    The all-time high of CRUX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of CRUX (CRUX) is 0. The current price of CRUX is down 0% from its all-time high.

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  • How much CRUX (CRUX) is there in circulation?

    As of , there is currently 0 CRUX in circulation. CRUX has a maximum supply of 1.00Bn.

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  • What is the market cap of CRUX (CRUX)?

    The current market cap of CRUX is 0. It is calculated by multiplying the current supply of CRUX by its real-time market price of 0.000000407541.

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  • What is the all-time low price of CRUX (CRUX)?

    The all-time low of CRUX was 0 , from which the coin is now up 0%. The all-time low price of CRUX (CRUX) is 0. The current price of CRUX is up 0% from its all-time low.

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  • Is CRUX (CRUX) a good investment?

    CRUX (CRUX) has a market capitalization of $0 and is ranked #4625 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze CRUX (CRUX) price trends and patterns to find the best time to purchase CRUX.

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