DeFi Daily News,December 23rd, 2020

1. Bitcoin’s price recovered quickly from Monday’s small market sell-off, approaching a new resistant level at $24,000 Tuesday. Traders and analysts said it is because demand has continued to rise despite minor negative market movement. Bitcoin (BTC) trading around $23,433.85 as of 21:00 UTC (4 p.m. ET). Gaining 2.64% over the previous 24 hours, which trading range was between $22,384.13-$23,629.40.

2. According to the ChainNews, On-chain derivatives protocol Opium‌ ‌Protocol‌ announced the governance and economic model of the governance token OPIUM. The total supply of OPIUM is 100 million, of which 60% will be allocated to active users, 16% will be allocated to investors and advisors, and 14% will be allocated to Opium For the team, 10% is governance storage (for token holders to control the use of funds through proposals and voting). In terms of governance, active users can obtain the governance token OPIUM through the Active-Users Fund, like liquid mining, which can provide liquidity for the derivatives market and increase the total lock-up value in Opium. OPIUM token holders will vote on the specific liquidity mining mechanism and the proposal to govern the distribution of tokens. Not only can the parameters be changed, but the entire agreement can also be changed. Initially, it can change DAO parameters, allocate active user funds, and change Opium. Propose suggestions and vote on the protocol code base.

3. According to BlockBeats news, on December 22, the “Art Evolves with Time” crypto art auction jointly organized by the international crypto art platform CryptoArt.Ai and NOVA ended. Famous crypto digital artists Pak and Song Ting made their debut in the crypto art auction in China, 9 works were sold for 169 ETH, or about 104,700 US dollars. Among them, Pak’s “Leonardo’s Vision” was hammered at 50 ETH; Song Ting’s works were sold for 119 ETH, including works “Cyber Wonder Woman: Steel Forest” and “Space Odyssey 2001”. The total turnover of the two works reached 51 ETH.

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