Top 5 Best Cryptocurrency Trading Platforms for 2020 ...

An intelligent platform to manage, invest, trade and spend cryptoassets

Midas Protocol is an intelligent platform created for crypto-traders, from newbies to experts. We aim to be the smartest universal wallet for all essential crypto needs, from safekeeping, intelligent trading, portfolio management, easy conversion to fiat and spending of cryptocurrencies. More info on Midas Ecosystem: https://blog.midasprotocol.io/birds-eye-view-of-midas-ecosystem/
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Key Opinion Leaders (KOL & Influencer Marketing)

Influencer Marketing 101 Content Creators: Learn how to turn your passion for social media into a full time job, become famous, and rule the world! Companies: Find influencers, and chat with others to learn how to use influencer marketing expert! *KOL stands for Key Opinion Leader and is the proper term for what is known in the west as Influencer Marketing
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Denarius - Tribus PoW/PoS Hybrid Cryptocurrency

Official subreddit for the Denarius [DNR] Cryptocurrency
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COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to cryptogiveaways [link] [comments]

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to airdropalerts [link] [comments]

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to airdrops [link] [comments]

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to CryptoAirdrop [link] [comments]

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to Crypto_Airdrops [link] [comments]

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20):

COINWARE(CWT), a secure, efficient and transparent trading platform that supports seamless conversion of crypto into fiat. Rated 4,9/5 on ICOBench! CWT will be listed on COINWARE and 3 top 10 exchanges! AIRDROP, easy social media tasks for 150 CWT(~$20): submitted by CoolCryptoDrops to cryptoAirdrops [link] [comments]

Crypto CFD Trading Platforms and Guides About Them

Wondering where you can read about top CFD crypto trading platforms? We made reviews of the top market choices right now, including their pros and cons. Head over to our website and give these guides a read https://www.cryptocointrade.com/reviews/.
submitted by Cryptocointrade to CryptoCurrencyTrading [link] [comments]

Anyone, any idea about Wax.is launch?

Does anyone know when the high performance trading platform Wax.is is launching? I've heard they are working at a top-notch crypto trading platform in the last 10 months, which will change everything, but no info about them yet. I just found some links, but that's all:
With the Moolah/Mintpal scandal and other exchanges, I am very interested to check out their platform. If you know something about them, please post it here. Chris S.
submitted by park-hou to Bitcoin [link] [comments]

How I applied Buffet's strategies to my own portfolio, +70% networth, beat SP500 by 40%

I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, ~350k to 620k. 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug.
I beat the SP500 by 40% in my YOLO account, my FAANG account went from 180->300
I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in.
I did not buy into the TSLA hype, nor do I play options, nor do I play crypto.

High level advice:

https://www.simplysafedividends.com/intelligent-income/posts/37-top-10-pieces-of-investment-advice-from-warren-buffett
I picked the 7 I agree with.
  1. Invest in what you know…and nothing more.
  2. Never compromise on business quality
  3. When you buy a stock, plan to hold it forever
  4. Diversification can be dangerous
  5. Most news is noise, not news (don't read articles about investing)
  6. The best moves are usually boring (buy and hold)
  7. Only listen to those you know and trust
I firmly believe that anyone who follows those concepts, they will find success in investing.

General mindset:

Application:

I was very specific in the types of companies I would choose to invest in within tech. I decided to follow my strengths. As a data engineer, I'm very intimate with cloud technologies, and I think I generally have pretty sharp business acumen and good strategic direction.
As a result, my day to day work had me using a ton of technologies in the cloud space. I've used Splunk, NewRelic, Twilio, AWS, GCP, Hortonworks/Cloudera, Oracle, Tableau, Datadog, Sendgrid (bought by Twilio), Dropbox/box, Slack, Salesforce, Marketo, Databricks, Snowflake, HP Vertica, just to name a few. I was familiar with CDN services like Fastly and Cloudflare because sometimes, I worked with the DevOps and IT guys.
Based on industry hearsay, day to day work, eventually, I got a good "feel" of what technologies were widely adopted, easy to use, and had a good reputation in the industry. Similarly, I also got a feel for what tech were being considered 'dated' or not widely used (HP, Oracle, Cloudera, Dropbox, Box).
I tend to shy away from companies that I don't understand. In the past, most times I've done that-- I got burned. My biggest losers this year was betting on $NAT and $JMNA (10k total loss). After learning from those mistakes, I decided to only focus on investing in companies that either I or my peers have intimate first hand experience with using. Because of this rationale, the majority of stocks in my portfolio are products which I believe in, I thoroughly enjoy using, and I would recommend to my friends, family, and colleagues.
Post COVID, due to the shift to remote work and increase in online shopping I decided to double down on tech. I already knew that eCommerce was the next big thing. I made very early investments into SHOP and Amazon in 2017 for that reason.
My hypothesis was that post-COVID, the shift on increased online activity, remote work, and eCommerce would mean that companies which build tools to support increased online activity should also increase. I decided to choose three sectors within tech to narrow down-- these were three sectors that I had a good understanding of, due to the nature of my work and personal habits.
  1. eCommerce + AdTech
  2. IT/DevOps (increased online activity means higher need for infra)
  3. FinTech (increased shopping activity means more transactions)
These are the points I consider before I consider jumping into a stock:
  1. Do I feel good about using the company? Do I believe in the company's vision?
  2. Where do I see this company in 5 years? 10 years? Do I see my potential children being around to use these companies?
  3. What does YoY, QoQ growth look like for this company?
  4. Is/Will this product be a core part of how businesses or people operate?
  5. Who are their customers and target demographic?
  6. (SaaS) Customer testimonials, white papers, case studies. If it's for a technology, I'm going to want to read a paper or use case.
In March, I took what I believe to be an "educated gamble". When the market crashed, I liquefied most of my non tech assets and reinvested them into tech. Some of the holdings I already had, some holdings were newly purchased.
EDIT ^ this isn't called timing the market you /wsb imbeciles. Timing the market would be trying to figure out when to PULL OUT during ATH and then buying the dip. I SOLD at the lowest point, and I with the cash I sold AT A LOSS, I reinvested that cash and doubled down into tech. If I sold in Feb, and bought back in March, that would be calling timing the market. What I am doing is called REINVESTING/REBALANCING... not timing the market.
I have 50% of my networth in AMZN, MSFT, AAPL, GOOG, FB, NFLX, and the rest in individual securities/mutual funds. I have 3 shares of TSLA that I got in @1.5.
Here are the non FAANGs I chose.
  1. $SQ. I had already been invested in SQ since 2016. I made several bad trades, holding when it first blew past 90 until I sold it at 70... bought in again last year at 60s, after noticing that more and more B&M stores were getting rid of their clunky POS systems and replacing it with Square's physical readers. After COVID, I noticed a lot of pop up vendors, restaurants doing take out. A Square reader made transactions very easy to make post-COVID.
  2. $ATVI. Call of Duty and Candy Crush print money for them. I've been a Blizzard fanboy since I was a kid, so I have to keep this just out of principle.
  3. $SHOP. They turned a profit this year, and I think there is still a lot more room to grow. It's become somewhat of a household name. I've met quite a few people who mentioned that they have a Shopify site set up to do their side hustle. I've tried the product myself, and can definitely attest that it's pretty easy to get an online shop up and running within a day. I 5.5xed my return here.
  4. $BIGC. I bought into this shortly after IPO. I'm very excited to see an American Shopify. BigC focuses on enterprise customers right now, and Shopify independent merchants, so I don't see them directly competing. I'm self aware this is essentially a gamble. I got in at 90, sold at 140, and added more in 120s. I def got lucky here... it's not common for IPOs to pop so suddenly. I honestly wasn't expecting it to pop so soon.
  5. $OKTA. Best in class SSO tool. Amazing tool that keeps tracks of all of my sign-ons at work.
  6. $DDOG. Great monitoring tool. Widely adopted and good recommendations throughout the industry. Always had a nice looking booth at GoogleNext.
  7. $ZM. Zoom was the only video conf tool at work which I had a good time using. Adoption had blown up pre-COVID already in the tech world, and post-COVID, they somehow became a noun. "Zoom parties" and "Zoom dates" somehow became a thing interwoven into peoples' day to day lives.
  8. $TWLO. Twilio sells APIs which allow applications to send messages like text, voice, and video chat. For example, when DoorDash sends you a text at 1 AM reminding you that your bad decision has arrived, that text is powered by Twilio. In March, New York announced that they were going to use Twilio to send SMS notifs for COVID contact tracing.
  9. $NET/$FSTY. These two two seem like the ones best poised for growth in the CDN space. This is based off of industry exposure and chatting with people who work in DevOps.
  10. $DOCU. people aren't going to office to sign stuff, super easy to use, I like their product.
  11. $WMT. eComm, streaming, and a very substantial engineering investment makes me think they have room to grow. Also I really need to diversify.
  12. $COST. When is the last time you heard someone say "Man I hate going to Costco and paying $1.50 for a hotdog and soda?" Diversification. Also cheap hotdogs.
  13. $NVDA/AMD. GPUs are the present and the future. Not only are they used for video games, but Machine Learning now uses GPU instead of CPU to do compute (Tensorflow for example). Crypto is still a thing as well, and there will always been a constant need for GPUs.
Mutual funds/ETFs 1. $FSCSX. MF which focuses on FinTech.
  1. $VTSAX Pretty much moves with the SP500.
  2. $WCLD. Holdings include Salesforce, Workday, Zuora, Atlassian, Okta, New Relic, Fastly...
Titanvest: I was an early access user, and I was able to secure 0% fees for my accout. 36% gains so far. I like them, because their portfolio happens to include shares of tech giants that I either don't have individual stocks for or my stake is low (CRM, PPYL). It nicely complements my existing portfolio.

Some things I do that that are against the grain:

One example was how I applied the above principle was to WalMart. In 2018 I noticed that I was getting targeted by a lot of Data engineering job listing for WalMartLabs-- WarMart's tech division. The role was to build out a big data pipeline to support their eCommerce platform. WalMart's online store released in Q3 of 2019. Post COVID, I used their online store and it was a seamless experience. They even offer a 5% cash back card like Amazon. They reported strong Q4 sales last year, and they did very well post COVID. Why did I choose to invest in $WMT? Because I believe that Wal-Mart has room to grow for their online platform.
Lastly... remember that wealth isn't accrued over time. It takes years to build. The quickest way to increase your wealth is by investing in yourself-- your career and earning potential. The sooner my income increased, the quicker I had more capital to buy into stocks.
Also, if you've gotten this far, the point of my post isn't to say that you should invest into tech. The message I'm trying to get across is-- when picking companies, pick companies in fields or verticals you have good knowledge in. Heed Buffet's advice to only pick companies you believe in and understand. Play to your strengths, don't mindless toss money based on one person's posts on Reddit-- always do your own due diligence. Use DD as a guide and use personal research and experience to drive your decision.
submitted by fire_water76 to stocks [link] [comments]

Lition - $8 Million Dollar Market Cap With Real Use Right Now and a New Product They Are Developing Which Has Huge Potential.

Preface

I’m not usually one to shill my own coins but I’ve stolen a few good picks from this sub so I thought I’d share a new one I recently stumbled upon. Before I go into more details, I’d like to preface this by saying that I never invest in anything which I don’t think has the fundamentals to last at least 5-10 years and I don’t think this is a project which you will see a few hundred percent gains in a month or two. The hype isn’t there with this project and it’s more of a mid-long term play. If you want overnight gains, gamble on some of the smaller caps posted in this sub which are more like ponzi schemes riding on DeFi hype which you sell to a greater fool.

Introduction

Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission.
In addition to the above, they also have a P2P energy trading platform currently operating and is supplying green power to customers in over 1000 towns and cities across Germany. Through their power platform, Lition customers are able to save about 20% on their monthly energy bill, while producers generate up to 30% higher profits since they are cutting out the middle men.
However, the real moonshot here is not their already successful smart energy platform (which utilises the same token) it is the enterprise layer 2 solution described in the quote above.
Their layer 2 enterprise infrastructure which is still in development will offer infinite scalability through sidechains and nodes staking LIT tokens on these sidechains. Block times will be fast at around 3 seconds and fees will be tiny fractions of a cent. However, the real selling point for enterprises will be that the data on these sidechains can be deleted and can be public or private, with private chains being validated via Zero-Knowledge proofs to verify that the private data is correct. This is huge and makes Lition a solution for a wide range of enterprise use cases due to these optional features. But it doesn’t stop there. Lition is also GDPR compliant - a big deal for Europe based enterprises and for the record, very very few blockchain solutions are GDPR compliant (I believe VeChain is one of the few other projects which are).

Important Bullet Points

Tokenomics

Their token has two primary uses. First, it is a utility token and they plan on making the LIT token the preferred payment method for all of the services on the Lition protocol. Secondly, it is used as collateral for staking which I can see locking up a large proportion of the supply in the future.
Unfortunately the circulating supply is currently 50% of the max supply but that said, coins like LINK have just 35% of the total tokens currently circulating, so relative to other projects, this isn’t too bad and many of the tokens are still to be earned by staking.

Conclusion

With their existing energy platform seeing real adoption and steady growth in Germany, in my opinion, this alone would be enough to justify their current market cap. However, I can see their second layer solution for enterprise being a really big deal in the future as protocol coins tend to accrue more value than utility tokens. As a versatile L2 solution for Ethereum, LIT gets the best of both worlds - adoption and network effects from Ethereum by helping it to scale as well as accruing value from the wide range of enterprise use cases which can be built on top of Lition. At just $8 million dollars in market cap, it seems to me that their work-in-progress L2 enterprise solution has not been priced in. However, due to a lack of hype and marketing right now, I don’t see LIT exploding in the short term. Rather, I can see it slowly outperforming ETH and climbing up the CMC rankings throughout this bullrun, much like Chainlink did in the bear market. Their building and partnerships over marketing strategy also reminds me when I held Chainlink back in 2018 when Sergey was busy building out the project rather than blowing their ICO money on marketing a bunch of vaporware like so many other projects.
Personally, I can see LIT becoming a top 100 project (not top 10) as it isn’t the first of an important new type of project like Chainlink was/is but it is an L2 protocol with unique advantages and selling points over other existing L2 projects which scatter the top 20-200 range. This would put the market cap at just under $120 million dollars which is a 15x from here. This is of course a valuation which assumes that the total crypto market cap remains where it is right now at just under $400 billion dollars. However, if BTC makes it to 100K and Ethereum gets to $5K then that is another 10x from here which compounds on any LIT/BTC or LIT/ETH ratio gains. In this scenario, a top 100 project would be worth around $1 BILLION DOLLARS by market cap which is over 100x from here and probably even more if ETH hits 10K and Bitcoin dominance falls back down to the 30% range or below towards the end of the bullrun. Disclaimer, the above figures are a theoretical best case scenario and are far from financial advice. They are my moonshot estimates which assumes all goes well for the project and the wider crypto space.
Website: https://www.lition.io/
CoinGecko: https://www.coingecko.com/en/coins/lition
Medium: https://medium.com/lition-blog

TL;DR

TL;DR: LIT has current real world use which is consistently growing with their P2P energy trading platform and has huge potential with their new L2 protocol for enterprise due to its unique features. They have a close partnership with SAP and are also partnered with Microsoft. Currently around #400 on CMC, my target is for LIT to be top 100 by the end of the bullrun.
Edit: Sorry 4chan, I didn't mean to shill one of your FUDed coins. Lit is a shitcoin scam, ignore this post.
submitted by Tricky_Troll to CryptoMoonShots [link] [comments]

Geeq - A serious contender for the most game changing project of 2020.

Recently Posted in the Geeq Trading Channel by a community ambassador.
I'd like to officially welcome all the new people to the Geeq community, this is going to be long but I'd just like to say a few words and get it out of the way. I've talked with (username removed) about the discussions of other projects in this channel, we agreed to let it happen until the official launch of the Geeq token as this is a community trading channel, and it isn’t trading as of yet. In a way it’s important to acknowledge the good and bad about the macro outlook of crypto so people can learn from the mistakes together, and we don’t want to discourage thoughtful and informative dialogue.
(username removed) and I are community members, whatever we do or say may not be used against the Geeq core as of such so please take our views as just personal opinions, we will have many of them lol.
The Why’s?
Why did I invest in Geeq? Why did my initial evaluation increase week on week on the marketcap of Geeq?, before I really looked into Geeq I had a sell price point at $1, this was 9 months ago. Why am I now seeing the bigger picture of the potential behemoth Geeq is? Why is the team willing to work for free for all these years? Why is the marketing team doing this for free? They have a very lucrative business before they joined the wing’s of the Geeq protocol (and they still do). Why is it for free? Why is the team decked with the most experience individuals in their fields?
Why is Ric Asselstine, the gentlemen that helped build Canada’s biggest software company doing $5 billion revenue a year dedicating so many years on Geeq’s protocol?
Why is John P. Conley with all his insane credentials in game theory, mechanism design, mathematical economics, and public theory join the team and do it for free for all these years?
Why is Stephanie So, CDO & Founder of Geeq dedicate all these years working for free for Geeq? She was the first to use machine learning on social science data at the National Center for Supercomputing Applications, and recently Dell named her top 4 Influential Women in tech, why is she doing this?
Why is Lun-Shin Yuen working on Geeq for free? He was the THIRD engineer working there, they are now worth $77.23 Billion in market share and doing over $6.7 Billion of revenue a year. Why is he here?
Why is Eric Ball the former treasurer of Oracle between 2005-2015 involved in Geeq? I looked up how well he managed the $60 billion Larry Ellison had, while he was in charge, Larry peaked to the 4th richest person in the world, Mr Ball was managing his money during then, so what does that say?
Why is Ian Smith, a savant and expert in network and OS security and system theory working here for free? He is fluent in 20 coding languages, He helped teach Linux at Nasa, why is this gentlemen here?
Why did Dr Yeap reach out to the Geeq team to join as an Advisor? He has dozens of patents under him that run for decade’s long.
Why Did Kurt Hoppe, the current Director at Google of Product Management in the Android Automotive sector of Google join as an advisor recently? He is a Board member in the Internet of things consortium, Former Global Head of Innovation at General Motors and former Director at LG Electronics Smart Home & Smart TV, why is he wanting to get involved with Geeq?
These are few of my personal opinions. Because they are thinking 100 years ahead, not 1 year ahead. Currently crypto is full of people that are looking to make a quick buck, this isn’t one of them, sure you may make some money but why sell yourself short when you look at the product they have designed, created, protected and about to implement to the world of technology.
It’s the best security in software, BFT tolerance is 99%, Sybil, Wealth and Nation-State proof, money cannot determine the control of the protocol, hash power cannot determine the control of the protocol. This is huge, this isn’t the buzz word, no one gets excited over security, but to me it’s the biggest deal in the technology world, from this point on, anyone who builds on this is inherently protected from future law suits (e.g. hacks losing peoples funds) due to potential corruption in chains, what the ledger says, says as John puts it. It cannot be changed for any sort of benefit to an individual or nation-state, This means it’s appealing to IoT applications such as Smart cars (corrupt the data and you could drive a car off the cliff), Telemetry, streaming payments, peer to peer content, literally anything you can think of, this would be the best platform to do it with.
Micropayments- 1/100th of a cent, streaming and paying per second can now be done due to this.
Anonymous- No point showing everyone’s detail’s such as buying personal goods at a store, no one needs to know this type of data, it’s logical in the way it displays important information and weeds out unnecessary public data.
Trustless- Edge Security, you can see as an individual who is playing by the rules or not.
AMP- Algorithmic Monetary Policy embedded and coded to reduce the risk of sharp drops/sharp pumps, healthy flow.
As stated in the White Paper as an example:
“A 25 node network running at 20 TPS allows 630M transactions per year and creates 630GB of chain data. Transactions cost users $.0001 each and this generates a total of $62k revenue per year. Approximately $1.7k in $GEEQ is paid to each node per year for their validation services. Geeq receives $21k in annual revenue from one such geeqchain instance.” (Ref: Section 7.1). This is ONE example, ONE chain, it does not represent ONE company, it could be ONE function of ONE Company, my point is, this is scalable to the billions of IoT devices, this has no limit of data input, If you are using Geeq in a smart city, it will be doing Billions of transactions a day. Just one example.
In 2017 there was 7 Billion IoT devices, 2019 the devices reached 26.66 Billion, During 2020 it’s expected to be 31 Billion IoT Devices, this is a growing market as you can tell, this is the future, Geeq will capitalize on this.
The list goes on and on and on and on and on and on and on. So since this is a trading channel, this is my opinion as to why this may exceed a lot of peoples price points in the long-term. We have no chart to determine the value of this coin, but what you can value it is on the target market, potential marketshare, the teams credentials, the protocol’s potential, the protection of the protocol (patent).
A lot of people coming in here throwing numbers out without any actual real evidence to back it up, everyone has there own personal opinion on prices, which is fine but please make the most educated guess you can with the information you have as of now, now rethink to yourself what Geeq is doing, and why I’m so bullish.
This is the beginning, since Geeq is built on decentralization, it’s important we act as a community and treat each other with respect, this is a long journey and it’s just starting, this channel should be used to lean on each other and build a very healthy community because this is a very long road, the Geeq team lead by example by showing how much patience they have, they answer the same questions every 30 minutes, I have not seen a TG group that has done this with such respect to random people ( This was a big reason why I went all in). This has the right mixture to be really something big, and I really hope everyone here does their research on Geeq, I’m not technical but I can see what the vision is, what is my price point? How can you value the most powerful team, protocol and vision in crypto? You can’t put a price on a protocol that will be setting the standard.
Website: https://geeq.io
One Pager: https://geeq.io/one-page
White Paper: https://geeq.io/geeq-white-paper-2/
Tokenomics: https://geeq.io/tokenomics/
Team: https://geeq.io/people/
Token Release Date/Time: https://geeq.io/geeq-token-generation-event/
I hope you enjoyed the read and take a look into the project. I genuinely think this is the biggest project of the year with enormous potential. Look at all the shitcoins that take off and then look at this team and the ambitions and development behind it and it will quickly become clear that this is the one hell of a project.
submitted by Magameme to CryptoMoonShots [link] [comments]

$MEME (Nft Farming just Dropped) $1000 Shot

Full disclosure I have been in $MEME fairly large since $5.50 but since I get fucking flamed everytime I post here, (despite all my calls being big gainz or neutral except sBTC which exit scammed) I just stopped bothering. Now that the news is out you guys can see for yourself.
Anyways, this is just getting started, let me tell you why.
What started as a friday night joke which airdropped everybody in the room 355.555 MEME and burned the LP keys which ensured fair distribution, was quickly adopted by a dev team from consensys. They have made clear that MEME has no association with consensys and I believe them, but the point is that this is crypto royalty that has adopted this product and is driving it forward to basically flip DOGE as the MEME coin of the upcoming DeFi bull run. I have also heard that devs from balancer are involved. This is top tier.
So the website just dropped www.dontbuymeme.com and to put it short, it is a platform for farming unique NFT cards, they have common, rare and legendary.
To get the common and rare you need to stake MEME (5 per day) to get pineapples to get the cards, and to get Legendary you need to stake Liquidity pool tokens. As of right now, the LP stake is live and they expect the MEME stake to be live shortly. ( i expect this post to have some longeveity so likely will be up by the time you are reading. )
Why this is important. Well more so than a meme coin and some rare NFT's, they have made a platform to power NFT trading and distribution specifically for the crypto community. I expect NFT's like this to catch on bigly and this is the power move to take a market share. Because of this I see no reason whatsoever that MEME won't flip the whole industry.
oh, and dont buy meme.
edit: coindesk just wrote about them https://www.coindesk.com/memes-defi-cryptocurrency-yam
first NFT farmed sold for $250 DAI on Opensea https://twitter.com/JordanLyall/status/1298771923451535360
submitted by getapencolin to CryptoMoonShots [link] [comments]

Here is how to play the altcoin game - for newbies & champs

I have been here for many previous altcoin seasons (2013,2017 etc) and wanted to share knowedle. It's a LOOONG article.
The evaluation of altcoins (i.e not Bitcoin) is one of the most difficult and profitable exercises. Here I will outline my methodology and thinking but we have to take some things as a given. The first is that the whole market is going up or down with forces that we can't predict or control. Bitcoin is correlated with economic environments, money supply increases, safe havens such as Gold, hype and country regulations. This is an impossible mix to analyze and almost everyone fails at it. That's why you see people valuing Bitcoin from $100 to $500k frequently. Although I am bullish on the prospects of Bitcoin and decentralization and smart contract platforms, this is not the game I will be describing. I am talking about a game where you try to maximize your BTC holdings by investing in altcoins. We win this game even if we are at a loss in fiat currency value. To put it another way:
If you are not bullish in general on cryptocurrencies you have no place in investing or trading cryptocurrencies since it's always a losing proposition to trade in bubbles, a scientifically proven fact. If on the other hand you are then your goal is to grow your portfolio more than you would if holding BTC/ETH for example.

Bitcoin is the big boy

How the market works is not easily identifiable if you haven't graduated from the 2017 crypto university. When there is a bull market everything seems amazingly profitable and things keep going up outgrowing Bitcoin by orders of magnitude and you are a genius. The problem with this is that it only works while Bitcoin is going up a little bit or trades sideways. When it decides to move big then altcoins lose value both on the way up and on the way down. The second part is obvious and proven since all altcoins from 2017 are at a fraction of their BTC value (usually in the range of 80% or more down). Also, when BTC is making a big move upwards everyone exits altcoins to ride the wave. It is possible that the altcoin market behaves as an inversed leveraged ETF with leakage where in a certain period while Bitcoin starts at 10k and ends at 10k for example, altcoins have lost a lot of value because of the above things happening.

We are doing it anyway champ!

OK so we understand the risks and just wanna gambol with our money right? I get it. Why do that? Because finding the ideal scenario and period can be extremely profitable. In 2017 several altcoins went up 40x more than BTC. But again, if you don't chose wisely many of them have gone back to zero (the author has first hand experience in this!), they have been delisted and nobody remembers them. The actual mentality to have is very important and resembles poker and other speculative games:
A certain altcoin can go up in value indefinitely but can only lose it's starting investment. Think about it. You either lose 1 metric or gain many many more. Now that sounds amazing but firstly as we said we have the goal to outperform our benchmark (BTC) and secondly that going up in value a lot means that the probability is quite low. There is this notion of Expected Value (EV) that poker players apply in these kind of situations and it goes like that. If you think that a certain coin has a probability let's say 10% to go up 10X and 90% probability it goes to zero it's an even bet. If you think that probability is 11% then it's a good bet, a profitable bet and you should take it. You get the point right? It's not that it can only go 10X or 0X, there is a whole range of probability outcomes that are too mathematical to explain here and it doesn't help so much because nobody can do such analysis with altcoins. See below on how we can approximate it.

How to evaluate altcoins

A range of different things to take into account outlined below will form our decision making. Not a single one of them should dictate 100% of our strategy.

Basics

It's all about market cap. Repeat after me. The price of a coin doesn't mean anything. Say it 10 times until you believe it. I can't remember how many times I had conversations with people that were comparing coins using their coin price instead of their market cap. To make this easy to get.
If I decide because the sky is blue to make my coin supply 100 Trillion FoolCoins with a price of $0.001 and there is another WiseCoin with a supply of 100 Million and price of $1 then FoolCoins are more expensive. - Alex Fin's Cap Law

Fundamental analysis

This is done usually in the stock world and it means that each company has some fundamental value that includes it's assets, customers, growth prospects, sector prospects and leadership competence but mostly centered in financial measures such as P/E ratios etc. Valuation is a proper economic discipline by itself taught in universities. OK, now throw everything out of the window!.
This kind of analysis is impossible in vague concepts and innovations that are currently cryptocurrencies. Ethereum was frequently priced at the fictional price of gas when all financial systems on earth run on the platform after decades (a bit of exaggeration here). No project is currently profitable enough to justify a valuation multiple that is usually equal to P/E in the thousands or more. As such we need to take other things into account. What I do is included in the list below:

Relative valuation

One of my favorite ways to value altcoins that is based on the same principle in the stock market is to look at peers and decide what is the maximum cap it can grow to. As an example you take a second layer Ethereum solution that has an ICO and you want to decide if you will enter or not. You can take a look at other coins that are in the same business and compare their market caps. Thinking that your coin will outperform by a lot the top coins currently is overly optimistic so I usually take a lower valuation as a target price. If the initial offering is directly implying a valuation that is more than that then there is no room to grow according to my analysis and I skip it. Many times this has proven me wrong because it's a game theory problem where if many people think irrationally in a market it becomes a self-fulfilling prophecy. But since there is opportunity cost involved, in the long run, getting in initial offerings that have a lot of room to grow will pay off as a strategy.

Sector prospects

In 2017 the sexiest sector was platforms and then coins including privacy ones. Platforms are obviously still a highly rated sector because everything is being built on them, but privacy is not as hot as it used to be. In 2018 DEXes were all they hype but still people are massively using centralized exchanges. In 2020 Defi is the hottest sector and it includes platforms, oracles and Defi projects. What I am saying is that a project gets extra points if it's a Defi one in 2020 and minus points if it's a payment system that will conquer the world as it was in 2017 because that's old news. This is closely related to the next section.

Hype

Needless to say that the crypto market is a worse FOMO type of inexperienced trigger happy yolo investors , much worse than the Robinhood crowd that drove a bankrupt company's stock 1200% after they declared bankruptcy. The result is that there are numerous projects that are basically either vaporware or just so overhyped that their valuation has no connection to reality. Should we avoid those kind of projects? No and I will explain why. There are many very good technically projects that had zero hype potential due to incompetent marketing departments that made them tank. An example (without shilling because I sold out a while back) is Quantum Resistant Ledger. This project has amazing quantum resistant blockchain, the only one running now, has a platform that people can build tokens and messaging systems and other magnificent stuff. Just check how they fared up to now and you will get the point. A project *needs* to have a hype factor because you cannot judge it as normal stocks that you can do value investing like Warren Buffet does where a company will inevitable post sales and profitability numbers and investors will get dividends. Actually the last sentence is the most important: No dividends. Even projects that give you tokens or coins as dividends are not real dividends because if the coin tanks the value of the dividend tanks. This is NOT the case with company stocks where you get dollars even if the company stock tanks. All that being said, I would advice against betting on projects that have a lot of hype but little substance (but that should be obvious!).

How to construct your portfolio

My strategy and philosophy in investing is that risk should be proportional to investment capital. That means that if you are investing 100K in the crypto market your portfolio should be very different than someone investing 1K because 10% annual gains are nothing in the latter while they are very significant in the former. Starting from this principle each individual needs to construct a portfolio according to how much risk he wants to take. I will emphasize two important concepts that play well with what I said. In the first instance of a big portfolio you should concentrate on this mantra: "Diversification is the only free meal in finance". In the case of a small portfolio then this mantra is more important: "Concentrate to create wealth, diversify to maintain wealth". Usually in a big portfolio you would want to hold some big coins such as BTC and ETH to weather the ups and downs explained in previous paragraphs while generating profits and keep progressively smaller parts of your portfolio for riskier investments. Maybe 50% of this portfolio could be big caps and 10% very risky initial offerings. Adapting risk progressively to smaller portfolios makes sense but I think it would be irrational to keep more than 30% of a portfolio no matter what tied to one coin due to the very high risk of bankruptcy.

Conclusion

The altseason is supposedly coming every 3 months. Truth is that nobody can predict it but altcoins can be profitable no matter what. Forget about maximalists who are stuck in their dogmas. Altcoins deliver different value propositions and it makes sense because we are very far from a situation where some project offers everything like Amazon and we wouldn't even want that in the first place since we are talking about decentralization and not a winner takes all and becomes a monster kind of scenario! Some last minute advice:
P.S If you find value in reading this and want more weekly consider subscribing to my newsletter here
submitted by aelaos1 to CryptoCurrency [link] [comments]

Introducing EthVerse (Multiverse platform with Defi integration)

Ethverse is a blockchain-powered MetaVerse built on top of Minecraft (100M+ users).
Ethverse is a decentralized world that allows users to be in control of their assets and participate in the crypto economy within the Ethverse ecosystem.
Some of the use cases include: • DeFi Banking services (Lending and borrowing using Ethverse assets as collateral etc..) • Buying, selling and trading land as well as tokenized assets • Paying for services • Gaming • Building new cities Alpha is already out, Beta is out in 2 weeks.
Glimpse of Ethverse : https://www.youtube.com/watch?v=aZvzIvRHXGo
Tokenomics
Total supply: 40M tokens Private sale raised: 500 ETH (6M tokens) Private sale price: 0.000125 ETH Uniswap Liquidity at Launch: 1M tokens Uniswap listing price: 0.000250 ETH (<100K mcap on day 1) Initial supply: 7M tokens (lock on the remaining tokens for 6 months and longer) Deflationary aspects of the Token: Users can burn tokens to acquire rare assets in game and 1% of the supply is burnt to create new cities that are connected through a portal to the main server.
Launch
Thursday 6th August on UNISWAP at 2pm UTC ETHV Token Address: https://etherscan.io/address/0xeeeeeeeee2af8d0e1940679860398308e0ef24d6 🔥
Partnerships
Team has already partnered with Metatransact (https://twitter.com/metatransact) to allow users to send ETHV tokens on Ethereum by paying txn fees in $ETHV instead of $ETH and therefore reduce microtransaction fees! Many more partnerships and AMAs are in the pipeline post-launch
Market Potential
Decentraland has a 60M mcap and Enjin has a 120M mcap. The upside is HUGE. Minecraft has a user base of 100M+ who will have the opportunity to earn while playing on the Ethverse platform
Links
https://ethverse.com/ https://ethverse.com/Ethverse_lightpaper.pdf Medium (https://medium.com/ethverse/introducing-ethverse-e661136457c6) Telegram: https://t.me/ethverse (growing very quickly) Telegram Announcements: https://t.me/ethverse_announcement
submitted by Block94 to CryptoMoonShots [link] [comments]

Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol

  1. SUMMARY
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
  1. KEY CONCEPTS

  1. REVENUE MODEL
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
  1. Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
  2. “Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
  3. Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
  4. TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps.
➡️ Circulating supply: 61m $DEC.
➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
➡️Contract Address - 0x30f271C9E86D2B7d00a6376Cd96A1cFBD5F0b9b3
➡️Decimals - 18, Ticker - DEC
➡️Uniswap link: https://uniswap.info/pai0x3AEEE5bA053eF8406420DbC5801fC95eC57b0E0A
⭐️ HOW TO BUY VIDEO: https://www.youtube.com/watch?v=iloAiv2oCRc&feature=youtu.be
$DEC Token utility:
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
  1. NOTABLE SUPPORTERS
Simon Dedic - chief of Blockfyre: https://twitter.com/scoinaldo/status/1283787644221218817?s=20https://twitter.com/scoinaldo/status/1283719917657894912?s=21
Spectre Group Pick : https://twitter.com/SPECTREGRP/status/1284761576873041920https://twitter.com/llluckyl/status/1283765481716015111?s=21
Patrons of the Moon/Lil Uzi: https://t.me/patronsofthemoon/6764
CryptoGems: https://twitter.com/cryptogems_com/status/1283719318379925506?s=09t
tehMoonwalker pick who is a TOP 5 influencer per Binance:https://twitter.com/tehMoonwalkestatus/1284123961996050432?s=20https://twitter.com/binance/status/1279049822113198080
Holochain was one of their earliest supporters and they share a deep connection (recently an AMA was conducted in their TG group): https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
  1. UPCOMING NEWS
--------------------------------------------
  1. RESOURCES:
Website: https://decentr.net
Telegram: https://t.me/DecentrNet
Medium: https://medium.com/@DecentrNet
Twitter: https://twitter.com/DecentrNet
Whitepaper: https://decentr.net/files/Decentr_Whitepaper_V1.4.pdf
Technical Whitepaper: https://decentr.net/files/Decentr_Technical_Whitepaper_Data_As_Economic_Currency.pdf
Recent Articles:
⚡️- https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05
⚡️- https://medium.com/@DecentrNet/how-decentrs-defi-dloan-function-benefits-dec-holders-97ff64a0c105
⚡️- https://medium.com/@DecentrNet/3-vertical-revenue-streams-decentr-is-targeting-4fa1f3dd62de
⚡️- https://medium.com/@DecentrNet/brave-browser-the-good-the-bad-and-the-fundamentally-misguided-8a8593b0ff5b
⚡️- https://medium.com/@DecentrNet/how-decentrs-dfintech-replaces-swift-sct-inst-clearing-house-and-other-payment-solutions-78acacbb4c3f
Chad Gang STRONG Community: https://t.me/decentrtrading
Community News Channel: https://t.me/chadnews
Recent Uniswap trades: https://t.me/dectrades
Wallet holder tracker: https://t.me/DEC_WALLETS_COUNT
submitted by ldd999 to CryptoMoonShots [link] [comments]

Deep Dive on the first Reddit Points, $DONUT Token 🍩 🍩 🍩Very Attractive, Low-Cap Opportunity 💎

DONUT TOKEN 🍩 🍩 🍩

TL;DR:


Fun fact, @cslarson (head moderator of ethtrader and founder of DONUTS as far as I can tell) was actually hacking on SourceCred before DONUTS happened. He, along with @lkngtn and @jvluso had recently coded up credao at a hackathon, a project that mints ERC-20 tokens in an Aragon DAO according to Cred scores, when he got the call from Reddit offering support for prototyping DONUTS on ethtrader. Can’t blame him:)
... 👇👇👇

MAIN POST:

Funnily enough, this is actually an alpha: right now you can ‘farm DONUT’ by contributing to ethtrader through high-quality memes, discussions, comments etc. Just by being an active member of the community, you can earn DONUT 🍩 tokens which you can sell for real $ETH. I’ll explain later why people would want to buy DONUT. Or, you can HODL them, which is highly recommended. Based on the last rewards distribution (https://www.reddit.com/ethtradecomments/i48u9g/new_donuts_distribution/) if you earned a mere 100 or so Karma points in the sub, you would have received 10,000 DONUT tokens which you can then sell for ETH on a growing list of exchanges, namely Uniswap (which has growing liquidity).
This is an example of what DeFi and Ethereum are all about and is one of the more significant community-focused projects. You have all sorts of crummy community tokens out there but none have the ecosystem to back them up. Don’t get me wrong, I’m not saying DONUT is a $LEND, $COMP, etc but it ticks all the boxes to be considered a moon-shot: meme-worthy, existing network effect, undeniable utility, Reddit-backing, AragonDAO support, and more.
...
The Ethtrader Group is a 100% community-run subreddit-collective where the governance token DONUT 🍩is used to vote on proposals regarding tokenomics. Slashing supply, changing tokenomics and other decisions can be made in their AragonDAO with the more DONUT 🍩 you hold resulting in higher voting power. It makes sense that Aragon was used seeing as the lead developer Carlson was working on Credao (a similar concept) using Aragon before he was approached by Reddit to work on the very first iteration of their Community Points system before rolling it out across the entire platform. Source. Any member of the community can propose changes by first gauging sentiment through polls in the subreddit (something you need DONUT for by the way), following up with proposals in AragonDAO which require voting (again voting power is tied to DONUT holdings).
...
Growth over time: DONUT 🍩 has thus far followed similar growth trajectories of projects that start out organic, community and product-focused and over time attract real interest, real activity and real growth. This is in opposition to projects that market first and deliver later. DONUT hasn’t marketed anything as the community has focussed internally during the bear market and the ecosystem is relatively new, which is why it isn’t already worth more. I have been trading crypto since 2011 and ALTs since 2014 and I’ve learned to spot these nuanced differences between projects, and the all-important signals. The DONUT token launched in its current state in Jan 2019 with a volume of $30 and a price of $0.0019. But I am going to focus on December 2019 as the start date for a number of reasons: first, due to some teething pains with the direction of Ethtrader & $DONUT some of the team split off, the Token also underwent a shift and you can see on the chart this early phase does not reflect any organic price action. So, starting from the latter date, looking at the chart, you can see an organic price development typical of many promising projects. Slow, steady accumulation, followed by sharper ups and downs with the bottoms rising upwards. I saw this same pattern on pretty much every organic-driven ALT I’ve invested in with success. In the last 2 weeks, ATHs have been broken across the board.
...
Similar successes: Let’s face it. In our funky community, tokens of all kinds can grow astronomically. Even those without a single use-case can grow simply because they are meme-worthy. Think $DogeCoin or $Garlicoin. More recently you have $TEND which is growing in popularity and is currently worth $1 (when I first started writing this post, it was at $0.50. DONUT was at $0.005 and is now touching $0.01).
DONUT 🍩 is unique in that it has potential to be a significant Ethereum meme token on par with these examples but more importantly, it also has tangible use-cases which will ensure the project remains active over a longer course of time, with accessibility open to anyone with spare time to meaningfully contribute to the community. But that isn’t the clincher. The Ethtrader group is large and getting larger with almost a quarter of a million members at the time of writing. That is a valuable audience of highly relevant people interested in cryptocurrency, especially Ethereum. DONUT 🍩is used in a Harbinger Tax style system (whereby someone would use DONUT to buy ad space from the current owner for a price set by that owner. This person would then set a new price — this will be the cost someone who wants it back will need to pay — and then based on this new price there will be a 100% daily tax for as long as you choose to hold the banner for). This adversarial system will ensure you have projects (typically with deep pockets) buying up lots of DONUT 🍩 to ensure they can control the banner, spending those DONUT tokens on getting the banner, and the process will continue over and over. If we enter a new bull market for DeFi, this will be a significant value and liquidity driver as let’s face it, that is prime real estate for brand exposure. I'll draw your attention back to the feedback loop I mentioned in the TL;DR.

Tokenomics:

📸IMAGE: https://imgur.com/a/CnFpfQr
*note, this is just a quick thing I slapped together and shows just one process and one use-case and is not a comprehensive diagram. Hopefully, it is useful anyway.
Deflationary or inflationary?
The DONUT used to buy the banner is always burnt, currently, 3 Million DONUT is burned per month. While there is monthly issuance (the source of contribution rewards), there is also frequent burn events. Currently, the banner is burning 100,000 DONUT per day compared to the 4,000,000 issued per month.
This daily burn can increase or decrease depending on the cost of the banner which can increase or decrease based on what the owner sets it as. This means when demand increases (exchanges, dapps, projects bid for the banner space), the burn rate will exceed the issuance rate, resulting in deflationary tokenomics. Conversely, if the cost of the banner decreases and is below the threshold (as it currently is, only slightly) then technically it will be inflationary.
The deflationary dominance has already proven to be effective seeing as the token started out with 100m units and now on around 90m. Furthermore, the issuance rate can at anytime be slashed if put to a community vote which anyone in the community can initiate, so long as they own DONUT. So, DONUT is also used here as a governance token, the more you have the stronger your vote on such decisions. To use DONUT to vote on community initiatives or a change in the tokenomics, you’ll need to visit their integrated AragonDAO and learn more about the process. This can be found here: https://mainnet.aragon.org/#/0x57EBE61f5f8303AD944136b293C1836B3803b4c0 and is also where DONUT is claimed from.

Takeaways:

Resources:

In the news:

I hope this was in-depth and useful. I have tried to add as much as possible but I have no doubt missed some stuff as well. As always, DYOR and make an informed decision. For me, at this price, it's a no brainer.
submitted by defi-chad to CryptoMoonShots [link] [comments]

Binance.us - The Wild Roller Coaster of IOTA Trades

Volatility and unexpected price movement is quite common in the crypto industry, but Binance.us (not to be confused with “.com”) takes this to an entirely different level with IOTA.
Take the recent price surge of Aug 10, 2020 for example. We witnessed a rise of MIOTA from about $0.35 to just under $0.42 on many exchanges. This was followed by a return to the mid-to-high $0.30’s less than 12 hours later. However, during this same timeframe, Binance.us prices blew into $0.50’s territory, and hovered in the $0.40’s for well over 24 hours.
Putting that into perspective if you’re interested in trading IOTA - you could have achieved a 20% gain in 24 hours with most exchanges if you bought right before the surge and sold at the top. But with Binance.us, you had an opportunity for a 45-55% gain in that same 24 hours. That difference is pretty significant!
I’ve noticed these extreme variances in volatility have occurred in other situations throughout the past year. How is this explained? I suspect it’s a consequence of adding up the following:
  1. Binance.us is intended only for U.S. investors, which is a small subset of an exceptionally large global market. Less buyers and sellers implies less liquidity, and this would be expected to widen the ranges that market participants are willing to purchase or part with their assets (especially during surges and panics).
  2. Fortunately for Binance.us (but not others), there currently aren’t many options available for U.S.-based investors to exchange IOTA. In fact, I suspect most users consider this their only option at the moment and are more likely to accept prices that are wildly different from the market averages. Many of them may not even be taking average market prices into consideration at all when deciding to buy or sell IOTA, effectively isolating Binance.us as the "one true" representation of supply and demand (as far as U.S. investors are concerned).
  3. IOTA deposits and withdrawals are constantly being suspended on Binance.us for long periods of time, and the reason isn’t entirely clear. This may discourage diversified U.S. crypto investors and traders from transacting IOTA through this platform, thus even further reducing the number of potential buyers and sellers (which circles back to #1 above).
I’m curious about others’ impressions and theories, as I’ve found the phenomena that is “Binance.us” to be both frustrating and amusing at times. I'm searching for a better understanding of why these wild price fluctuations are happening, and how they may be impacting U.S. investors in general, as well as the larger market.
Also, feel free to share if you have any crazy trading experiences with Binance.us - especially if you’ve noticed any interesting patterns that may further explain the often stupefying volatility.
submitted by Iota-Buddy to IOTAmarkets [link] [comments]

Weekly Wrap: This Week In Chainlink August 17 - August 23

Weekly Wrap: This Week In Chainlink August 17 - August 23
Smart Contract Summit - August 28-29
SmartCon will feature the top minds and builders of smart contracts and celebrate our incredible community, thriving ecosystem & cutting-edge research. Experience a mix of keynotes, panel discussions, live demos, developer workshops, and networking with the community. We made registration complimentary so everyone can participate.
New Speakers announced this week include:

Announcements and Integrations 🎉

ArbolMarket is using Chainlink for validated weather data, making it the first decentralized weather insurance product live on the Ethereum mainnet. Farmers can now protect themselves from negative weather events using universally connected smart contracts.

Blockchain platform Nervos Network is integrating Chainlink oracles to power universally connected smart contracts. Chainlink greatly expands the amount of data Nervos developers can use when building dApps while not compromising on security & reliability.

Centralized trading platform RealHxro integrates Chainlink Price Reference Data live on mainnet to begin decentralizing pricing and settlement of its BTC and ETH indices. This provides Hxro users with unparalleled transparency, fairness, and reliability.

Gaming platform EarnBetCasino is integrating Chainlink to access off-chain data to power its sports games & prediction markets. EarnBet also is looking to incorporate Chainlink VRF within games as an on-chain source of provably fair & unbiased RNG.

Multi-blockchain platform GeeqOfficial is integrating Chainlink to access off-chain data resources. Chainlink gives Geeq developers access to any API, secure nodes for oracle services, a proven in-production DeFi solution for price data, and much more.

Chain_Guardians will use Chainlink VRF to power a new color customization feature for the upcoming Chainlink Guardians. Players will mint NFTs tied to different colors, which can then be merged with Chainlink Guardians to personalize the game experience.

We’re excited to award a grant to SecureDataLinks from the Chainlink Community Grant Program, supporting them in improving https://reputation.link, giving smart contract developers a fully-featured Chainlink oracle network explorer.

Featured Videos & Educational Pieces 🎥

Live video Q&A with Stephen Tse the Founder and CEO of Harmony. The discussion is centered on decentralized oracles meeting the needs of Harmony, their product roadmap, and their unique approach to blockchain and DeFi.
In our second DeFi series article, we examine how permissionless composability enables rapid innovation within DeFi. The result is the formation of a parallel financial ecosystem of features like DEX aggregators, flash loans, no-loss savings games & more.
Thank you to the Aave team for contributing! “One of the biggest value propositions of DeFi is the interoperability by default. This means that anyone can build a product by combining two protocols, such as Aave & Synthetix, & provide a new user experience.” said Aave Founder & CEO, Stani Kulechov.
Chainlink's External Adapter architecture gives blockchain developers a flexible framework to unlock any data resource to power their dApps. We explore how you can connect your smart contract to any off-chain API today on mainnet, using Chainlink.

Ecosystem & Community Celebrations 👏


Upcoming Events 📅

Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate

Chainlink Labs is hiring to build Chainlink’s network: Check out these open roles 👩‍💼

View all open roles at https://careers.smartcontract.com
Are there other community content and celebrations that we missed? Post them in the comments below! ⤵️
submitted by linkedkeenan to Chainlink [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Passive investing strategy

I have been holding crypto and following the ecosystem for a long time, and I believe crypto will revolutionise the financial system and still has much potential to increase in value.
However until now my holdings have been mostly handpicked. In traditional investments I am a subscriber to passive investing and usually invest in broad index funds, and I want to apply that investment philosophy to my crypto holdings.
With this in mind I looked at some available crypto indices and none of them seemed to fill my needs, but looking at them helped me define some of the criteria for my own index:
I will be reproducing the index manually, so having too many assets will make the extra hassle of trading and storing the small-weighted assets not worth it.
I don't see the point of including stablecoins in a cryptoasset index. If I wanted to invest in the asset the stablecoin tracks I'd be better off holding the followed asset itself.
All indices I found included assets such as Binance Coin and OKB. I see investing in such assets as investing in the managing entity and not in the crypto ecosystem itself, as those tokens will be much more correlated with the business success of the entity than with the success of the ecosystem.
The asset must be available for trading in a reasonable number of exchanges.
Free-float market cap weighting is the standard method of weighting whole-market indices. I have seen some indices that use square root of market cap weighting in order to not be so Bitcoin-heavy, but I am not convinced that that is a better representation of the market or that it would lead to better returns.
With these criteria in mind I evaluated the top coins by market capitalization. I decided to use CoinGecko as my main source, but I do cross check the values with CoinMarketCap and CoinCap.io to avoid some big flaw in CoinGecko's methodology.
Obviously the big guy is in.
I also have no issues with Ethereum.
Ripple is a bit too centrally-controlled for my taste and there's also the worry that the value of the XRP token itself may not be too correlated with the network's success, but I still consider it to be worthy for inclusion.
Tether is excluded due to being a stable coin and being centrally-controlled.
The only thing that worries me about Bitcoin Cash is that the community seems to be too worried about insisting that it is the true Bitcoin instead of developed, but I don't see any reason to exclude it given my criteria.
This is the first asset with which I don't have too much experience. Their website is a bit too heavy on buzzwords, but my research seems to show that it is a real network, there's no big problems with their whitepaper.
I personally have no idea how Bitcoin SV is so high in market capitalization, as I see it as just Craig Steven Wright's tool to strengthen his Satoshi claim, but the point of the index and the criteria is to remove my personal feelings from the decision, so it stays in.
Litecoin is one of the oldest assets around and I have no objection for it.
This is the first one where I am having a hard time deciding if it stays in or not. Its website is full of buzzwords. They have a whitepaper explaining how the network works, but I can't see it as much more than a centrally-managed token with a bunch of apps around it and no real value proposition. The company itself seems shady, having been through a name change, as it was previously called Monaco, the way their cards work smells heavily like a Ponzi scheme, they promise huge interest rates for staking random coins with them and the amount of people that show up speaking well of it in any post about it reeks of paid shills.
For some reason it is also not listed on CoinCap.io, although it is listed on CoinGecko and CoinMarketCap. It is also listed on fewer exchanges than other coins we've seen so far.
I couldn't find any concrete evidence of it being a scam, but I am excluding it for being a centrally-controlled token.
This is a Binance-controlled token, so it is out.
I also didn't know much about this coin, but my research didn't raise any red flags about it, so it's in.
This one is an ERC20 token, but it is managed by a smart contract and although it seems to be somewhat centrally-controlled by now it does have a governance model to make this control be diluted over time. It is also trying to solve a real problem, so it is in.
I was not too familiar with it, but after researching about it I really like the idea. I see no problem in including it.
Stellar feels to me a bit too much like Ripple 2.0, but I don't have any concrete problems with it.
This is an OKEX-controlled token, so it is out.
Another one of the old kids in town, I have no problems with it.
I have a "too buzzwordy" feeling about TRON, and I feel it is a bit too much connected to its founder, but no concrete problems as well.
This is a bitfinex-controlled token, so it is out.
USD Coin is excluded due to being a stable coin and being centrally-controlled.
This is an asset that I am not too sure I understand completely, and it is not listed from CoinCap.io and its market cap is not computed on CoinMarketCap.
From what I can gather a cToken is meant to be a token that identifies that you have deposited in Compound's loan market. The only place where it is really traded is in the Compound exchange itself, and it's value is tied to the interest accrued from the loans in the platform and to the underlying asset, which in this case is DAI, a stablecoin.
I find Compound Finance interesting and intend to read more about it, but I don't think cDAI is fit for my index, as it is not freely tradeable and tied to a stablecoin.
This is a Huobi-controlled token, so it is out.
This is one more buzzwordy smart contract platform with no concrete red flags to it.
A fork from the main Ethereum chain that rejects the rescue of stolen funds from a buggy smart contract. I am sympathetic to the idea of rejecting a centrally-proposed hardfork, and I see no red flags with this coin.
And with this we are up to my intended 15 assets. This is the composition of the index with current market capitalizations:
Asset Weight
bitcoin 72,29%
ethereum 12,71%
ripple 3,80%
bitcoin-cash 1,89%
cardano 1,56%
bitcoin-cash-sv 1,42%
litecoin 1,28%
eos 1,03%
chainlink 0,96%
tezos 0,73%
stellar 0,71%
monero 0,51%
tron 0,46%
vechain 0,36%
ethereum-classic 0,30%
This is the portfolio I intend to target from now on, with occasional rebalances of course. I would like to hear what you think about my criteria and my application of them, and where I could improve it.
submitted by Miserable_Profile151 to CryptoCurrency [link] [comments]

Bittrex Global Announces Listing of Sensorium (SENSO)

Bittrex Global Announces Listing of Sensorium (SENSO)

The Sensorium $SENSO wallet is now open and the $BTC-SENSO and $ETH-SENSO markets will begin trading shortly on http://global.bittrex.com. For more information visit: https://sensoriumxr.com/senso-token
Los Angeles, California, August 25th, 2020 – The global cryptocurrency exchange Bittrex Global has announced the listing of SENSO token, the in-platform currency of Sensorium Galaxy, a social VR platform that rethinks the way people interact with each other and experience the arts.
Developed on the Ethereum platform, SENSO token drives all value transactions within the VR alternate universe. Sensorium Galaxy is being built in partnership with world-known artists and producers, including the creator of the nightlife hubs Ushuaïa Ibiza and Hï Ibiza Yann Pissenem.
Similar to popular games like Fortnite, the business model of Sensorium Galaxy is based on a free-to-play model, where profits come from event ticket sales, premium accounts, and in-game merchandise. The company expects to acquire over 1,8 million users by the end of 2022 who would pay for the access to the content exclusively with SENSO tokens.
The listing will take place on Tuesday August 25th, with trading of the SENSO-ETH and SENSO-BTC pairs opening at 11:00AM PDT .
Sensorium Galaxy will go live in H1 2021. It was first introduced to the public in 2019 at the Electronic Entertainment Expo (E3) in Los Angeles, United States. Since its foundation in 2018 it has attracted over $100 million in investments.

About Sensorium Corporation

Sensorium Corporation oversees both the technological development of the Sensorium Galaxy as well as the full-scale management and production of its content offerings. The corporation supplies the Sensorium Galaxy with events and experiences through top-tier global content partnerships. The Sensorium Corporation also collaborates with leading VR and AI players to ensure the Galaxy always delivers the best experiences. To date, the Sensorium Galaxy project has raised over $100 million in investments. Website: https://sensoriumxr.com/

About Sensorium Galaxy

Sensorium Galaxy is a multi-user social platform designed to seamlessly stream live content in virtual reality to fans from all over the world. The platform allows a new perception of virtual reality, going beyond its former secluded nature and, in fact, is a product of the evolution of social networking, taking users beyond the use of one-dimensional platforms. The alternate universe of Sensorium Galaxy consists of multiple planets which act as hubs for thematic content. Each of the planets include various scenarios for social interaction, including live events and activities, as well as a series of on-demand setups from the content library. Unlike other virtual reality platforms, the AI component of the Sensorium Galaxy permits users’ avatars to continue learning and evolving within the platform without direct control of the user. Website: https://sensoriumgalaxy.com/

About Bittrex Global

Bittrex Global is an internationally trusted global cryptocurrency exchange owned by US-based digital trading platform Bittrex. Bittrex is known for its stringent listing process, evaluating projects on their commitment to their mission statement, innovation, underlying technology, business model, and regulatory compliance.
The combination of a strict listing process, fast transactions, military grade security, and regulatory compliance have earned Bittrex Global recognition as one of the world’s most trustworthy crypto exchanges. In September 2019, the Blockchain Transparency Network (BTI) nominated Bittrex Global as one of blockchain’s most transparent exchanges. It was also listed by CoinGecko as one of the world’s top five cryptocurrency exchanges based on trading volume and reliability.
To learn more about Bittrex Global, visit: https://global.bittrex.com/.
Source
submitted by james14cunningham to CryptocurrencyICO [link] [comments]

Bittrex Global Announces Listing of Sensorium (SENSO)

Bittrex Global Announces Listing of Sensorium (SENSO)

The Sensorium $SENSO wallet is now open and the $BTC-SENSO and $ETH-SENSO markets will begin trading shortly on http://global.bittrex.com. For more information visit: https://sensoriumxr.com/senso-token
Los Angeles, California, August 25th, 2020 – The global cryptocurrency exchange Bittrex Global has announced the listing of SENSO token, the in-platform currency of Sensorium Galaxy, a social VR platform that rethinks the way people interact with each other and experience the arts.
Developed on the Ethereum platform, SENSO token drives all value transactions within the VR alternate universe. Sensorium Galaxy is being built in partnership with world-known artists and producers, including the creator of the nightlife hubs Ushuaïa Ibiza and Hï Ibiza Yann Pissenem.
Similar to popular games like Fortnite, the business model of Sensorium Galaxy is based on a free-to-play model, where profits come from event ticket sales, premium accounts, and in-game merchandise. The company expects to acquire over 1,8 million users by the end of 2022 who would pay for the access to the content exclusively with SENSO tokens.
The listing will take place on Tuesday August 25th, with trading of the SENSO-ETH and SENSO-BTC pairs opening at 11:00AM PDT .
Sensorium Galaxy will go live in H1 2021. It was first introduced to the public in 2019 at the Electronic Entertainment Expo (E3) in Los Angeles, United States. Since its foundation in 2018 it has attracted over $100 million in investments.

About Sensorium Corporation

Sensorium Corporation oversees both the technological development of the Sensorium Galaxy as well as the full-scale management and production of its content offerings. The corporation supplies the Sensorium Galaxy with events and experiences through top-tier global content partnerships. The Sensorium Corporation also collaborates with leading VR and AI players to ensure the Galaxy always delivers the best experiences. To date, the Sensorium Galaxy project has raised over $100 million in investments. Website: https://sensoriumxr.com/

About Sensorium Galaxy

Sensorium Galaxy is a multi-user social platform designed to seamlessly stream live content in virtual reality to fans from all over the world. The platform allows a new perception of virtual reality, going beyond its former secluded nature and, in fact, is a product of the evolution of social networking, taking users beyond the use of one-dimensional platforms. The alternate universe of Sensorium Galaxy consists of multiple planets which act as hubs for thematic content. Each of the planets include various scenarios for social interaction, including live events and activities, as well as a series of on-demand setups from the content library. Unlike other virtual reality platforms, the AI component of the Sensorium Galaxy permits users’ avatars to continue learning and evolving within the platform without direct control of the user. Website: https://sensoriumgalaxy.com/

About Bittrex Global

Bittrex Global is an internationally trusted global cryptocurrency exchange owned by US-based digital trading platform Bittrex. Bittrex is known for its stringent listing process, evaluating projects on their commitment to their mission statement, innovation, underlying technology, business model, and regulatory compliance.
The combination of a strict listing process, fast transactions, military grade security, and regulatory compliance have earned Bittrex Global recognition as one of the world’s most trustworthy crypto exchanges. In September 2019, the Blockchain Transparency Network (BTI) nominated Bittrex Global as one of blockchain’s most transparent exchanges. It was also listed by CoinGecko as one of the world’s top five cryptocurrency exchanges based on trading volume and reliability.
To learn more about Bittrex Global, visit: https://global.bittrex.com/.
Source
submitted by james14cunningham to ico [link] [comments]

Top 5 Crypto Exchanges For Americans to Use - YouTube Best Cryptocurrency Trading Platforms TOP 5 Best Crypto Leverage Trading Exchange Platforms 2020 - Bitcoin Trading Strategy Best Cryptocurrency Trading Platforms (2020) - YouTube Top Best Cryptocurrency Exchanges in 2019

The aim of this post is to list out the top 10 cryptocurrency trading platforms. Best Cryptocurrency Trading Platforms 2020 #1: ... The trading fee on Cryptopia is 0.20% of the total BTC or crypto ... The 5 best cryptocurrency exchange and trading platforms stand out as the most reliable, with solid track records and enjoy substantial popularity among... IQ Option is one of the most popular trading platforms over the world. The broker is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission) with the number 247/14. Traders can profit from over 27 crypto assets on the platform. Cryptocurrency exchanging platforms refers to some specific websites that allow selling, buying, or trading cryptocurrencies for digital and other traditional currencies like Euro and USD. The top 20 platforms that we think are best for cryptocurrency trading are discussed thoroughly in this article. 1. Kraken @cryptoadventureCrypto Adventure The best spot for an intriguing adventure to everything crypto. KYC (Know Your Customer) guidelines are a prominent feature in financial systems. KYC is part of the wider Anti-Money Laundering (AML) policies that reduce the risks in financial transactions. KYC refers to the process of verifying the identities of the individuals using a […]

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Top 5 Crypto Exchanges For Americans to Use - YouTube

Best Cryptocurrency Trading Platforms ... and every individual needs a trustworthy platform to exchange the crypto coins efficiently. ... you will get more and more information regarding the ... Top 5 Crypto Exchanges For Americans to Use ... Best Platform To Trade Bitcoin ... Fliptroniks 8,030 views. 5:29. Best Crypto Trading App for Iphone In 2020 - Duration: 4:44. Fliptroniks ... Bitcoin Leverage Trading Platforms - Top 5 Exchanges To Trade Crypto Futures! (2020) by MDX. 12:45. Best Crypto Exchanges To Buy Bitcoin & Trade Cryptocurrencies Easily! (2020) by MDX. BEST Crypto Lending Platforms: TOP 5 Picks!! 💸 Coin Bureau. Loading... Unsubscribe from Coin Bureau? ... Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker ... Binance is kicking customers from the United States off of their crypto trading platform. Many users are looking for new places to trade that are U.S. Compli...

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