- BitMart launches flash-sale for BAD Fixed Savings, offering a 90% APY, celebrating the holiday season.
- Tangem collaborates with BAD, distributing 200 wallets and gearing up for NFT collection release.
- Shiba Inu witnessed a remarkable 913% surge in token burns, reinforcing community engagement.
In a surprising turn of events, BitMart crypto trading platform has initiated a flash-sale for its recently announced Fixed Savings product based on the Bad Idea AI (BAD) project. The Fixed Savings product, set to launch today at 8 p.m. UTC, invites the BAD and Shiba Inu (SHIB) communities to participate. Users opting in will lock a specified amount of BAD for 30 days, reaping an attractive Annual Percentage Yield (APY) of 90%.
For instance, if a user locks 10,000 BAD, the potential interest earned can be calculated using the formula: 10,000 * 90% * 30/365 = 739.726 BAD. This move by BitMart marks a unique celebration of the winter holiday season, offering crypto enthusiasts a chance to capitalize on their holdings.
Last month, on the official Shibarium Tech Telegram channel, the pseudonymous lead developer of Shiba Inu, Shytoshi Kusama, made a groundbreaking announcement about an innovative AI bot developed by Bad Idea AI (BAD). The bot is described as sophisticated and controversial, with the remarkable ability to analyze market trends and predict outcomes of various strategies, among other things.
In a strategic collaboration, the Bad Idea AI team also unveiled plans to acquire branded BAD hardware wallets, signaling a broader initiative to distribute them within their community. This revelation follows the recent partnership between Tangem, a Swiss-based crypto wallet producer, and Bad Idea AI, resulting in the release of BAD-branded wallets. Notably, Tangem had earlier joined forces with Shiba Inu, successfully delivering two shipments of SHIB wallets.
Adding another layer to the narrative, the BAD X account showcased a noteworthy endorsement for the CryptiQ Ecosystem project. Through a video release, the account hinted at the imminent launch of a collection of NFTs. Funding for this endeavor was raised, with a portion allocated to procure 200 Tangem BAD hardware wallets. These wallets will be distributed among holders of the upcoming NFTs, emphasizing a community-centric approach.
Furthermore, the CryptiQ Ecosystem team disclosed plans to acquire 70,000 BONE tokens, freezing them for a year. The funds generated will be strategically invested in supporting seven crypto projects within the Shibarium Layer-2 network, under the stewardship of the enigmatic lead developer, Shytoshi Kusama.
Amidst these developments, the Shiba Inu community demonstrated a remarkable surge in token burns, recording a staggering 913% increase. The Shibburn tracking platform reported that 82,887,109 SHIB meme coins were sent to blockchain addresses, essentially locking them away permanently. Notably, the largest transaction involved sending 82,866,999 SHIB to an “inferno” blockchain address.
In recent trading, SHIB experienced a modest rise, reaching $0.00000838 before a 2.31% decline. Presently, SHIB is trading in the $0.0000820 range, adding an element of volatility to the evolving cryptocurrency landscape.
