Features News Official TheBitTimes.com

As the Web3 space continues to evolve, crypto exchanges are finding new ways to engage their users in their mission to success. The crypto industry is a constantly evolving sector. What may be the standard today can easily be very different tomorrow. Therefore, it is crucial for companies and platforms like crypto exchange s to stay on the cutting edge and implement new innovations. Community building is a vital element in running a successful business, irrespective of whether it offers crypto services or not. To cultivate communities based on shared interests, decentralized platforms and social tokens prove to be valuable tools. In addition, gamification and token-based rewards play a key role in motivating user involvement. A report by the Boston Consulting Group highlights the potential for Web3 technologies to create innovative loyalty programs that drive engagement and strengthen brand-consumer relationships. Engaging stakeholders Within the dynamic crypto industry, many projects...

Arbitrum, a leading Layer-2 scaling solution for Ethereum has announced the launch and airdrop of its native token, ARB. It’s official — there’s a new Layer-2 token on the block. Arbitrum, a leading contender in the field of Layer-2 scaling solutions for Ethereum (ETH) has recently unveiled the launch and airdrop of its native governance token, ARB. Since its launch in 2021, the network has become one of the largest projects without a token, fueling excitement and anticipation for its impending launch. ARB to drive Arbitrum governance Arbitrum is an Optimistic Rollup solution that shifts network operations away from the Ethereum mainnet while still maintaining Ethereum-level security. It runs on its own Blockchain and allows developers to deploy smart contracts that can process a higher number of transactions per second, thus lowering overall fees. According to the latest data from L2 Beat, Arbitrum currently dominates the L2 wars, holding 55% of the market share in terms of total val...