STEPN is a Web3 lifestyle app on the Solana and Binance blockchains where users can purchase NFT sneakers and earn currency by walking, running or jogging. ![]() The best-performing crypto of 2022 so far is one that has only been around since March, but it has generated quite a buzz. That aspect has maintained its utility as a hedge during the market downturn. The coin is different in that there were only $1 billion worth made and Bitfinex pledged to spend at least 27% of its revenue to buy back the coin from investors and burn them until they are gone. In 2019, the government also seized funds from Bitfinex's payment processor for allegedly "laundering dirty money for Colombian drug cartels using a cryptocurrency exchange." Bitfinex maintains it was the victim of fraud and created the LEO token as a way of paying back users. It was hacked in 2016 and the tale of the New York Forbes writer and rapper laundering nearly $4 billion in Bitcoin went down in crypto history (also the largest financial seizure ever). The Bitfinex exchange, which is a sister company to the Tether (USDT) stablecoin, has had a turbulent run over the years. Much like holding FTT can net investors a discount on their transactions on the FTX exchange, holding LEO will save investors money on the Bitfinex exchange. The list has finally crossed over into positive territory, but this one has a stranger history. The thinking goes that the DAO's independence from Yuga puts the coin a little further away from being a security in the SEC's eyes, but only time will tell as further regulation is likely coming to the cryptocurrency sector. In fact, Yuga and ApeCoin DAO recently butted heads after a difficult rollout of Yuga's new NFTs for its metaverse, with Yuga pushing for APE to leave the Ethereum blockchain and create its own, while DAO members disagreed and over half the community voted against the proposal. It's important to note that the maker of BAYC NFTs, Yuga Labs, is separate from ApeCoin DAO. Members of the DAO, of which every Bored Ape holder receives one coin, get access to exclusive games and services and can vote on community proposals. ApeCoin is a governance token for membership into the ApeCoin decentralized autonomous organization, or DAO. ApeCoin is a project inspired by Bored Ape Yacht Club, or BAYC, NFTs, which have plummeted in value and been the target of hackers. While it may not have a full year-to-date performance on it, being that it was released on March 17, APE has already lost over a third of its value since its debut.
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