How to Buy Bitcoin Nasdaq

Worst Case Scenario, Bitcoin Really Does Go To The Moon, and Beyond. Let's Discuss

This is an entirely hypothetical scenario where the price of btc really does go to the moon, or even beyond in a manner similar to PlanB's stock to flow model.
Phase 1, bitcoin continues to rise in price from its current level of about $12,000. Some in the investing industry take notice and move into btc as a reserve asset, but so far bitcoin continues to remain an asset few are thinking about and fewer are investing in.
Phase 2, the price of bitcoin has risen to $50,000 and what was once one or two corporations investing is now a handful. Bitcoin is now in the news fairly regularly and CNBC now displays a ticker. A few more corporations are investing and the Robin Hood crowd is starting to really take notice. The DXY has dropped from the low 90's to the high 80's. Congress finally passed another round of stimulus and even more people are beginning to seriously discuss UBI as both parties want to do whatever it takes to get into office.
Phase 3, a modest UBI was finally passed subject to yearly congressional renewal. At first, everyone is extremely happy and the economy begins to boom. Stocks are making all time highs again. Covid restrictions begin to greatly ease and the economy is on the mend. Inflation is modest when using the official statistics and nobody is too worried. Perhaps the fans of MMT were right all along.
Phase 4, bitcoin continues to rise. Countries quietly and sometimes not so quietly grumble about both the level of debt the US has, the falling strength of the dollar, and the US's ability to control sovereign nations via the use of the dollar and sanctions. North Korea announces it is going to start mining and accruing bitcoin. The world laughs.
Phase 5, more companies are beginning to move into bitcoin and and price moves about $100,000. The market cap is now 2 trillion and about a thrid of the market cap of gold. Several additional small countries make public that they are mining bitcoin and strategically accruing it at a national level. The DXY begins to inch closer to 80.
Phase 6, the DXY drops below 80. Several small countries announce they are going to being to lower their holdings of dollar denominated treasuries in an effort to diversify risk. Several fortune 500 companies announce they are going to diversify into bitcoin as well. The price of bitcoin quickly rises to $200,000.
Phase 7, China announces that it will no longer hold US treasuries. At first, this seems of no consequence because they had been lowering their holdings for years. The Bank of Japan announces it will continue to buy US treasuries. Many see this as a means of Japan to assure its national safety and the protection of the US. The DXY continues to slowly fall and is now in the high 70's.
Phase 8, several countries now announce that they will allow the use of bitcoin for international trade as it is a perfect medium of exchange between countries. Additionally, many countries are now accruing bitcoin and gold for their national reserves. Bitcoin passes $750,000.
Phase 9, the DXY falls below 75. Countries where the population was holding dollars now see that it has lost a quarter of its value. In a panic they all rush to the only obvious alternative which is bitcoin. The ability to use the lightning network makes it very inexpensive to buy and sell.
Phase 10, the cost of all imports have doubled in the recent months. Everyone is blaming everyone else. Rioting has continued to be a nightly occurrence and has moved into the suburbs as there is little left in the cities to take.
Phase 11, the US blames China for the fall of the dollar and claims they committed an act of war. The US begins to quietly strategically mine bitcoin and to purchase bitcoin as a reserve asset. Talk abounds about another confiscation like FDR did in the 30's.
Phase 12, hundreds of bitcoin millionaires leave the US and acquire passports in other nations. Many are willing to provide a passport if you are willing to maintain a deposit with them of 0.5 btc in one of the local banks.
Phase 13, the US announces that all citizens must trade in 1/2 of their bitcoin holdings in exchange for the current market price of US dollars. People with money on the exchanges and in custodial banks have it taken automatically. Talk circulates about going after people that have their bitcoin in hardware wallets.
Phase 14, the US dollar continues to fall and loses a half of its value again with respect to btc in the last month. Bitcoin now flees the exchanges and banks in an effort to prevent another possibility of a confiscation.
Phase 15, the US has a bank holiday and announces both a digital currency and a peg to bitcoin at a rate of 10 satoshies to 1 dollar. Severe austerity is announced.
...to be continued.
submitted by freebit to Bitcoin [link] [comments]

Atari Token info-

Atari Token info-
Atari has been working on this behind the scenes for years in preparation.
Atari is now in the initial stages of release of the Atari Token project to tie in with the release of their upcoming new Atari VCS game console.
This will allow integration into games for ownership and transfer of digital assets with the ability to create or earn property in virtual worlds, cross platforms, through blockchain as well as E-sports, gambling, shopping, music and more.

Click this link to watch the Youtube video
CEO of Atari Talks Plans To Integrate Blockchain Into Atari's Games & The Launch of Atari Token
If you click the video here, it has no sound for some reason.

https://reddit.com/link/ghppnvideo/g8vaqa3mi9b51/player

As Fred spoke about, people in many countries will be able to start 'working' online in virtual worlds and games to then take that created wealth back out to the real world to pay bills, rent, food. For many poor countries this will literally be a game changer.

Atari Token <-- main page to sign up (free)

Atari Token: Agreement with Bitcoin.com Exchange
Atari Token will have it's IEO in November

https://atarichain.com/documents/atari-strategy.pdf
The strategy page talks about the Atari Payment network, the Atari Wallet, the Atari Exchange, the Atari Credit card.

https://atarichain.com/documents/atari-tokenomics.pdf

Atari Token Telegram project chat room

Atari takes over Sports Betting <-- Coming soon!!!

Atari Partners with Ultra to Add Games, Communities, and Services to its Atari VCS Home Entertainment System

Atari Partners with WAX For NFTs, Joins Board Alongside Shatner and Marvel <--Article

Atari® Teams Up with Unikrn to Deliver Enhanced Shopping, Betting, and Gaming Functionality to Atari Token


Atari VCS <-- Will use the Atari Token, new Atari open video game console / pc hybrid
https://shop.atarivcs.com/
https://shop.atarivcs.com/pc-mode
https://shop.atarivcs.com/classic-joystick
https://shop.atarivcs.com/hardware-specifications/
https://shop.atarivcs.com/develope
https://shop.atarivcs.com/media-contact/
https://shop.atarivcs.com/support/
Runs linux, can run windows, AMD Ryzen R1606G chip, can upgrade the RAM & SSD, wi-fi, bluetooth, can use a keyboard, mouse and more.


Atari announces the Atari Credit Card - using Cryptocurrency

Ties in with their payment system and token.
https://atarichain.com/documents/atari-strategy.pdf
From page 8-
Atari Credit Card- One of the most interesting features of the Atari Omni Wallet is the ability to make payments with crypto-currencies through the Atari Credit Card. In this way, you can use crypto-currencies with parties that generally only accept fiat currencies

On June 3rd, 2020, Atari Inc., and LightForms.cc Group LLc., signed into a strategic partnership agreement with each other.This opens up the entire Atari eco-system to LightForms and LightForge technology for use in Atari mobile applications and the new Atari VCS console. Reference- https://lightforms.cc/

Atari partners with Litecoin Foundation <-- Article.
Allows the Atari Token to be purchased with LTC. Prior to this, it had to use BTC or ETH. Soon will use ERP, fiat currency from several countries and more. LTC users can purchase an Atari VCS for a discount.

Atari partners with Innovative PC Video Game Marketplace Robot Cache to Support the Buying and Reselling of Digital Games Using Atari Token

The Sandbox Game <-- Will feature Atari properties and games using the Atari Token. One of the key features of our gaming platform is the possibility to create an ASSET from scratch (using VoxEdit), upload it to the marketplace and then monetize it into the blockchain.

Great article explaining -> What is The Sandbox Game?

Expansion of the Animoca partnership and Atari Token / Blockchain / VCS use cases- globally!

Animoca Brands and Atari strengthen partnership via REVV and ATRI Token Swaps
In addition to the existing areas of collaboration between the two companies, Atari’s classic motorsport video game properties Night Driver and Fatal Run will be included in Animoca Brands’ REVV ecosystem, with details to be provided at a later date.

Atari Teams Up with Native Gaming to Integrate Upcoming Atari Token in Native’s New MMORPG <- Article

Atari partners w/ Arkane Network to integrate the Atari Token across the digital entertainment ecosystem <-- Article
Allows developers to easily integrate the token into games and projects.

Atari and Wonder join forces on cross-platform gaming <-Article
WonderOS technology was designed to unify mobile, console, and PC gaming experiences, offering an ecosystem that gives access to multi-platform games, entertainment apps, and streaming services — locally or through the cloud.

https://play.google.com/store/apps/details?id=com.atari.atarimobile
https://play.google.com/store/apps/details?id=com.atari.crypto.wallet

The Atari Token can be staked- 3 month for 3%, 6 month for 6.5% or converted to the Atari Coin which is a Stable Coin.

And don't forget to keep an eye on the Atari Hotels project
https://www.youtube.com/watch?v=6abdMIqhkwo
Atari Hotels has so far sponsored three race vehicles- a desert race truck, a Nascar truck, and a Ferrari race car.

Atari's U.S. OTC stock ticker is- PONGF

The Atari Exchange

Atari Casino <-- coming soon

And again the Atari Token sign up page (free)

submitted by PowerDubs to AtariChain [link] [comments]

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines
Halving on the Bitcoin network has become one of the key events in the cryptocurrency market, which has fueled the interest not only of long-standing players, but also has caused the release of new ones. This is evidenced by recent data on the growing demand for crypto assets on top cryptocurrency exchanges such as Bithumb Global. For those who are just getting acquainted with the crypto-market and want to try their hand at trading a new class of assets, we will tell you what tools crypto-exchanges offer and how to use them in crypto-trading.
To start trading cryptocurrencies, you must first select:
• Crypto-wallet — there are several types of crypto-wallets: hot, cold, desktop, mobile and paper. All of them provide different levels of security and convenience. At the same time, the best option for storing cryptocurrencies is the use of two different wallets — hot and cold. So do most large companies working with digital assets.
• Crypto-exchange is a trading platform that will allow you to exchange, buy and sell cryptocurrencies. Such platforms can be centralized (CEX), decentralized (DEX) or hybrid, combining the qualities of CEX and DEX.
• A crypto-portfolio is a collection of crypto-assets collected for profit. It is best to form it in three stages: part of the currency for long-term storage (from 1 year and longer), another part — a medium-term deposit (up to six months) and a deposit for trading for several days or a week. When starting crypto trading, it is advisable to diversify your investment in a deposit for trading, paying attention not only to the potential of a particular coin, but also to the ways of earning that the cryptocurrency market offers. Experts advise at the initial stages to choose assets from the top 10 rating by capitalization.

Terminology

Order — a trader’s request for a cryptocurrency transaction. Orders are divided into market orders — for purchase (Buy) or sale (Sell), and pending — requests for a transaction at a non-market price, waiting for it to be at the right level. Pending orders include:
⁃ Limit — for sale / purchase at a price higher / lower than the current market price
⁃ Stop loss — orders to limit the loss
⁃ Take Profit — Take Profit Order
Market maker and market taker are market participants who create and accept orders. The market maker creates a new transaction request, increases the turnover of the exchange and raises the liquidity of the crypto asset, while the receiving market taker takes the asset out of circulation, lowering its liquidity. In this connection, different commissions are introduced on some crypto exchanges for makers and takers.
Exchange Cup or Order Book — a table with limit orders, which displays the closest sellers and buyers, where sellers’ orders are marked in red, and buyers are marked in green. The columns of the table show the number of cryptocurrencies and the price at which they intend to sell or buy. At the junction of these tables, a spread is formed — the difference in the price of supply and demand. The lower the spread, the more liquid the cryptocurrency. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen.
Long and short positions (Long and Short) — the usual “mode” of trading. In the case of a long position, we buy cheaper and sell more. It is believed that the growth of assets in the market is a long process, therefore, work in this direction is also called long. The second option means a short position, that is, a game for a fall. The market believes that the decline in the value of assets occurs quickly, that is, in a short time. Therefore, this position is called “short.”
Exchange chart — shows the change in the price of cryptocurrency over time and is the most important tool for technical analysis. Charts display price changes with a line, bar and candlestick.
Bulls and bears — in the market so-called buyers and sellers. There is an analogy with the nature of animals: buyers always push the price up, creating a demand for something, and it turns out that the price seems to be pushed by horns. In this connection, bulls are optimists, they believe that the prices of the shares they bought will rise, and someday they will sell the asset more expensive than they bought. The bulls in the market are overwhelming (by approximate estimates, up to 80%), long investments are kept on them, and the bull trend means stable growth of stocks and general welfare. Bears, in turn, are sellers who have learned to capitalize on a falling market: they usually try to sell cryptocurrencies faster, often lowering the price of an asset. Concluding a contract for the sale, they fix its value, and then wait until the goods fall in price, close the deal and put the proceeds in their pocket. Bears are interested in a constant reduction in prices and achieve their goal, provoking an increase in supply: open short positions and sell until the price drops to the desired level.
Technical analysis is a set of tools for market forecasting of prices based on the movement of value in the past. In technical analysis, the same tools can be used for different markets and trading pairs with a slight adjustment of indicators. Also, technical tools are equally successfully used on any timeframes — from a minute to a year.
Fundamental analysis — this type of analysis is based on the consideration of financial and production market indicators that may affect the price of a traded instrument. The mood of market players, current and growing trends, indicators of production activity — all this information can give an extensive idea of the potential of the investment object in question. The main disadvantage of the fundamental analysis is that the information provided by him is insufficient to predict the movement of prices in some local areas. It is possible to determine a potentially good company that has excellent financial performance and has real prospects, but it will be impossible to determine the moment of entering a short-term profitable trade with a good indicator of risk to profit ratio.
Pattern — behavioral model / trading setup / market pattern. Patterns are one of the most common methods for analyzing price movements. Each pattern is always based on a certain idea, the simplest and most understandable. There are a lot of trading models, but all of them are derived from the classical model of breakdown or rebound from certain significant price levels.

Basic cryptocurrency trading tools at Bithumb Global

Using the example of a centralized cryptocurrency exchange Bithumb Global, we will analyze the main elements that cryptotraders will encounter in the initial stages of trading. When choosing a cryptocurrency exchange, first of all, you need to pay attention to the presence of:
⁃ Convenient ways to deposit and withdraw funds
⁃ Fiat currency support
⁃ High number of trading pairs
⁃ Information on the current state of cryptocurrency rates
⁃ Cryptocurrency Rate Charts
⁃ Technical indicators
⁃ Different levels of user verification
⁃ Built-in cryptocurrency wallet
⁃ 24/7 tech support
On the Bithumb Global main page, a selection of top trading pairs is offered, where cryptocurrency tickers are listed, their price, exchange rate for the last day, daily trading volume and the asset quotes movement chart.

Top trading pairs at Bithumb Global. Source.
If you select a pair from this list, then Bithumb Global will automatically transfer the user to the Base Version of Spot Trading. Spot trading — the terms of the transaction with cryptocurrency, in which payment is made to both parties immediately.
Here the user can get acquainted with the latest price of an asset, the volume of transactions with it, data on transactions and the minimum and maximum prices for the last day.

Basic Version of Spot Trading on Bithumb Global. Source.
You can select another trading pair in the top menu by hovering over the corresponding button, but the easiest way is to find the desired pair through the search. At the same time, the Professional Version of Spot Trading opens up a wider set of tools for the user, which will be discussed later.

Trading Tools Professional Version Bithumb Global

On the Professional Version, users can use price charts in the form of Candles, which look like a series of vertical lines and display price changes, where the upper point shows the maximum that the price has reached and the lower one — the minimum. If the closing price is lower than the opening, then the candle will be painted red or black, and if higher, then green or white. Knowing the direction of the price movement (body color of the candle), we can say exactly where the closing and opening prices are.

Price chart in the form of Candles at Bithumb Global. Source.
Also in this version of Spot Trading, a price chart is available to users in the form of a Glass, where sellers ‘bids are marked in red and buyers’ bids are marked in green. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. If, for example, a large congestion of sales requests at the upper price limit can be noted, then as soon as the market reaches this limit, a recession will provoke, triggered by a large number of sales.

Price chart in the form of a Glass on Bithumb Global. Source.
Price charts also have different timeframes — from 1 minute to 1 week, which allows you to conduct a more in-depth analysis of the movement of quotes of the selected asset.

Bithumb Global price chart timeframes. Source.
Also in this version of Bithumb Global, various Indicators are available to traders. In total, the cryptocurrency exchange provides about 80 different indicators that will help in the technical analysis of the movement of crypto asset quotes.
Let’s analyze the main indicators available on Bithumb Global:
Volume — allows you to track the number of transactions completed by traders over a specific time interval. Green and red bars are indicators of the volume of transactions: red signals a decrease in volume, green — its growth. By analyzing the volume of transactions against the background of the price movement chart, you can confirm the strength of the trend or reveal its weakness and predict a price reversal. If prices rise and trading volume rises, we observe a bullish trend. An increase in trading volume in the event of a decline in prices indicates a bearish trend.
Moving Average (MA) is just as popular a tool as volume is. The indicator function analyzes the average prices for the selected time interval, which gives a relative idea of the general price trends. If the actual price of cryptocurrency for a long time keeps above the moving average, we can assume that it will continue to grow. Accordingly, a fall below MA is a signal to lower the price of an asset. For more accurate forecasts, it is advisable to use several moving averages based on different time intervals. Moreover, in case of disagreement, it is customary to consider the value of the average based on a longer period of time. If the signals from several moving averages coincide, we can talk about a fairly accurate forecast.
MACD (Moving Average Convergence Divergence) — having trained on one moving average, we will move on to a comprehensive analysis of this indicator. The MACD tool analyzes the convergence and divergence of three moving averages and can signal the beginning of a new trend. MACD also works well on different timeframes and is a fairly simple and popular indicator of technical analysis.
Zig Zag is an auxiliary indicator that analyzes the highest and lowest points of the cryptocurrency exchange rate and allows you to determine the correct entry points into the market. The plus of the indicator is that it eliminates the noise that can distort the forecast of the trend behavior. Minor fluctuations are simply not taken into account: lines connect the highest and lowest points of the price chart directly. The zigzag shows global market movements, but at the same time it only captures these changes in the past, without giving forecasts on the price behavior in the future.
Relative Strength Index (RSI) — shows the greatest efficiency in a sideways trend. With active course dynamics, RSI may produce incorrect data. Such indicators of technical analysis are called oscillators, and they must be used with caution. The indicator’s algorithms analyze price changes and allow you to evaluate the oversold or overbought status of an asset and, therefore, predict the occurrence of a bull or bear trend.
CCI (Commodity Channel Index) — The CCI or Commodity Channel Index, as well as the Relative Strength Index (RSI), helps evaluate overbought or oversold assets. This chart with values from minus 100 to plus 100 is displayed under the current price chart and can be applied on any timeframes. A CCI of more than a hundred means that the asset is overbought, and the price is about to fall, and on the contrary, a CCI below minus one hundred indicates the oversoldness of the asset and the likely increase in its price. This tool also refers to oscillators and is used during a lateral trend when there is no clear idea of how the price will behave in the near future.
ADC and DI — the index of the average direction and direction of movement, signals a change in trend. It looks like three lines on the chart: red — bears, green — bulls, blue (there may be other colors on different platforms) — the strength of the trend. This indicator is fairly reliable on four-hour and day frames. If the trend strength line is within 10−20 points, this indicates that the trend is gaining strength, but if the indicators reach 60−80 points, you should wait for the trend correction. The green and red lines will show who sets the market mood — bulls or bears. If the green line crosses the red line, the trend becomes bullish, and vice versa.

Indicators at Bithumb Global. Source.
Another useful tool available on the Professional Version of Bithumb Global is Trend Lines. It allows you to demonstrate in which direction the price of an asset is moving. The Dow theory, which is the basis of all technical analysis, suggests that no matter how the price behaves, it will always be in a particular trend. If the price behaves relatively evenly and stays in the same range without showing either growth or decline, such a trend is called a side or flat trend.
A growing (“bullish”) trend is characterized by the appearance of a series of ascending highs, with each new peak must be higher than the previous one. Accordingly, the “bearish” downtrend shows points of failure (price low), each subsequent of which will be lower than the previous one.
A trend line can be built on two points of a minimum or maximum, and a third confirming one is mandatory. The more points form a trend line, the more confident and stable the trend itself. The construction points should not be too close to each other in the time frame, otherwise the direction of the trend will not be completely correct. Please note that the uptrend line is plotted below the chart, and the downtrend is above it. The slope on the trend line should also be taken into account — its constancy indicates the stability of the trend. The change in the angle of the trend line is called the acceleration or deceleration of the price movement. The larger the angle, the faster the trend.
A line through price lows is called a support line. As soon as the price reaches it, it finds market support there and, pushing off, again strives upward. The line connecting price highs is called the resistance line.This is the level above which the value of the asset has not yet risen. If the price breaks the support or resistance line, this is a clear signal for a trend violation and a change in trading tactics.

Trendlines at Bithumb Global. Source.

Finally

The above are the basic trading tools available to traders of the Professional Version of the Bithumb Global crypto-exchange. They will help you figure out how to properly analyze the key metrics of cryptocurrency assets so that you can build the most advanced trading strategy. However, this is not the whole range of tools available to Bithumb Global traders. Follow DeCenter materials to learn about the intricacies of cryptocurrency trading on the advanced cryptocurrency exchange.
Subscribe to our Telegram channel
submitted by Smart_Smell to Robopay [link] [comments]

Cryptocurrency NEO-review and analysis of prospects

Cryptocurrency NEO-review and analysis of prospects

https://preview.redd.it/92i8bo3tm1v31.png?width=800&format=png&auto=webp&s=392f964144975e5e2e11a6ea784f6f03923017b3
The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out.
The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
At the moment, the price fluctuates around $45. The cost for three months has increased 20 times.
The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.

THE history of the emergence and development of neo cryptocurrency

https://preview.redd.it/2f7c6ryop1v31.png?width=1280&format=png&auto=webp&s=300b03be2a471d857d7d22d5659f2a4ef74c5e8b
The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created.
Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts.
Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba.
In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times.
But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.

Features and principle of operation NEO

https://preview.redd.it/tj1goppoq1v31.png?width=800&format=png&auto=webp&s=0c39d14754ba9dd99e2c6bfb692f0f7bdd6c1838
From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services.
Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future.
Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions).
NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity.

Like any cryptocurrency, NEO has advantages and disadvantages.
The benefits of NEO:
  • the publicity of the company and experienced team;
  • contracts and cooperation with corporate giants;
  • a wide functionality, much superior to the functionality of Ether (it is difficult for a simple person to understand what the salt is, but for a specialist NEO opens the widest horizons for development and operations);
  • activity in meetings and seminars;
  • active struggle of OnChain for legalization (although there are some problems with this now in China, however, there is a high probability that soon all issues with the government will be settled, which will attract large investors and significantly increase the already considerable capitalization of NEO).
The shortcomings of NEO:
  • all gas storage nodes belong to OnChain, that is, NEO is a centralized structure, although it is served as decentralized, this means that blockchains are in the hands of a narrow circle;
  • OnChain has the technical ability to monitor the transactions of coin owners, transmit information to the authorities, as well as personally block funds in users ' accounts and regulate the rate.
However, there are great economic and technical prospects for the development and increase in the price of the coin.

Difference between NEO and Bitcoin

https://preview.redd.it/qm9q0kmft1v31.png?width=1024&format=png&auto=webp&s=81bc03a4521b12f6e517b9ef8f905d8271041355
The main points that distinguish NEO from Bitcoin:

  • Direct mining of NEO is not feasible, you can only mine GAS to pay commissions.
  • Bitcoin mining depends on the power of the technical base of the miner. The larger the pool of farms from video cards, the more active is the production. In the NEO system, gas mining occurs exclusively due to the presence of coins in the wallet.
  • To organize a large Bitcoin mining requires large purchases of iron and organization of production (supply of high-power power supply line, cooling system, etc.). A direct injection of investment is sufficient for the development of GAS. Each purchased 2000 coins of "Chinese ether" will steadily accumulate exactly 1 coin of GAS per day.
  • Bitcoin has the most decentralized system of blockchains, as opposed to pseudo-centralization of NEO.
  • The processing speed of one NEO block is only 15 seconds. For bitcoin-as much as ten minutes. In the future, it is predicted to accelerate the processing of blocks for NEO to 1 second.
Despite the risks associated with the organization of blockchains, NEO remains a very promising platform in the cryptocurrency market.

NEO storage wallets

On the official NEO website you can find links to the following wallets.
  1. Wallet NEON-Wallet from the group of independent developers City of Zion. Quite good, but the factor of third-party development and the presence of bugs impose their risks.
  2. NEO-CLI. This wallet is recommended only for programmers and people who are good at command line.
  3. NEO-GUI. The best option for the average user. To use it, you need to download the application, synchronize the blockchains and make a backup of the wallet. All. Now you can safely carry out financial transactions using Chinese kryptonite.
There is also the option of storing directly on the exchanges, however it is risky. Also, holding coins on an exchange rather than in a personal NEO wallet will not generate GAS.

NEO: buying and sharing

https://preview.redd.it/5ovlowr3v1v31.png?width=750&format=png&auto=webp&s=ea4c20d0be463cbaaf14846db2355b77975cd296
NEO can be bought and sold on exchanges or exchanged in multi-currency wallets. The most famous exchanges:

  • Bittrex;
  • Binance;
  • CoinSpot;
  • YONBI;
  • JUBI;
  • Yuanbao;
  • 51szzc;
  • Yobtc.
As the value and popularity of NEO increases, a massive increase in trading platforms where you can buy or sell "Chinese Ether" is predicted.

Ways to get NEO

Unfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether.
However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries.
There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
submitted by AVAY11 to u/AVAY11 [link] [comments]

#PundiX Provides Recap of April 12 AMA with Zac Cheah, CEO #PundiXLabs

#PundiX Provides Recap of April 12 AMA with Zac Cheah, CEO #PundiXLabs

https://preview.redd.it/m0g557h3ses21.png?width=1366&format=png&auto=webp&s=7ed1595b3d46958b3cf86e5140e7f8f3769dc11e
Dear Pundians,
Thank you for participating in the AMA session with Pundi X founder and CEO Zac Cheah.
For those of you who may have missed it, the live recording of the AMA session held last on April 12 at 10:00 am GMT+8, tackling Q1 progress and addressing questions and concerns by the community members, can be viewed here:
https://youtu.be/PhHD3CwUyA8
You may also find a summary of the Q1 progress presentation as well as the Q&A below:

Pundi X Q1 2019 Highlights

  1. Pundi X ecosystem handled a total of 26,380 crypto transactions valued at 3.9 million in USD during the 1st quarter of 2019. Registered XWallet users have increased to 179,982 as of April 10. XPOS has been shipped to 30 countries.
(Correction: The 179,982 X Wallet users include both KYC verified and unverified users; and not all KYC verified users as mentioned in the video. Zac’s apology.)
Quarterly Transaction Summary
Distribution Map
  1. The custom XPASS cards are becoming popular among our XPOS distributors. Exchanges in Canada (iBank) and Africa (Bit2Big, DoshEx) have ordered 14,000 in total.
Distribution Partnerships
  1. XPOS has successfully received EU’s CE certification. FCC certification is under way.
XPOS Certification
  1. By integrating a collection feature, we are making XWallet a virtual mini-XPOS. Users can be part of the XPOS merchant network by becoming verified merchants from the XWallet app. Staking and conversion are also integrated into XWallet app and available for KYC verified users.
XPOS Handy, a more affordable version of XPOS, is now in production. 2,000 units will be produced. The team is also looking into expanding XPOS into traditional POS units platforms and has started working on one of the top two POS brands for integration.
Product Development Overview
  1. Due to the conversion, the token removal in 2019 will reflect the result of both NPXS / NPXSXEM utilization and NPXS / NPXSXEM conversion to FX. For example, the amount of Q1 token removal will be announced in the first week of May 2019 and the execution will take place in the second week of May.
2019 Token Removal Schedule

Below is a summary of the Q&A with community members.

On XPOS

  • Q: How many live working XPOS are there in the world right now? Understand the plan was 100,000 in 2021. But recent news is only talking about someone maybe buying 1000 in 2021.
  • Is the delay in scaling XPOS because of the licenses which Pundi X doesn’t have yet? If yes, when can we expect it to be approved or denied?
Zac: The pick up rate during Q1 isn’t moving as fast partly due to the bear market. Another contributing factor of which some of you may be aware, is that we have been working on obtaining the relevant FCC and CE certifications for the XPOS as it’s a requirement by most governments.
We are pleased to announce that the XPOS has been officially certified. It’s in fact the first blockchain based POS device that has been given the CE certificate. And with this, we will begin to accelerate to get the XPOS compliant with the different markets and increase the activation rate of the XPOS.
For example, in Dubai, we are working with the local credit bureau to apply for an approval with the local regulators using our CE Certificate as the base document. The same goes for Korea’s KC certification.
So yes, a lot of things have been moving behind the scenes and one thing that is clear is whatever we do, it is to play the long-term game. Hence, we had to make sure that we have all the relevant required certification for the XPOS before we take it to the next level of deployment.
  • Q: How many XPOS transactions (by coins) have been done so far (since the start)?
Zac: The XPOS and XWallet have handled a total of $3.9M USD in Q1 outbound transaction.
  • Q: Will there be a major partnership such as with Uber or Amazon to use the XPOS? Any strong partnerships in the works for the XPOS?Any upcoming big deals for the xpos ? Like Starbucks, etc? And did Pundi X ever get in contact with Kroger?
Zac: As always, similar to other business deals, due to confidentiality agreements, we do not comment on major partnerships until it’s firmed up or announced first by our counterparties. One thing for sure, we are working hard to engage established global enterprises (especially those) with a large distribution network and footprint.
In addition to that, we are exploring the expansion of our XPOS solution footprint by integrating the XPOS into one of the Top 2 point-of-sale manufacturers. We will share the process and details once we have completed the testing.
  • Q: Any updates on a Pundi X collaboration with Dubai government?
Zac: We are in the process of getting the XPOS certified with the local government authorities. And now that the XPOS has the CE certificate, it will accelerate the approval process in Dubai.
  • Q: When is the XPOS capable of handling credit card payments?
Zac: We have reached out to various parties that can provide and activate these services and that includes meeting the CEO of MasterCard, Mr Ajay, in person. He has seen our XPOS and from what I could tell, he was impressed.
  • Q: When will you add XRP to XPOS?
Zac: The XPOS is a digital currency-neutral device. When there’s enough demand and a real need from an organization or company, we would not hesitate to add it to our XPOS ecosystem.
  • Q: When will the XPOS have WePay, AliPay, Samsung and Apple pay?
Zac: XPOS itself is hardware-ready for these payment methods. To activate these services, we will be required to comply with the local regulations in different jurisdictions and work with the providers of payment gateways.
  • Q: Can we get a merchant map, similar to bitcoin ATMs?
Zac: The team is working on this. In the first phase, we will have a list of the featured merchants. We are targeting to have a “lite” version of this “featured merchant” map ready by end-May. We are finalizing the name but you can call it the X-MAP where you can locate your favourite XPOS merchants or X-Merchants.
  • Q: Does Pundi X have plans to support stable coins?
Zac: Our XPOS merchants already have access to the stable coin feature, but for regular consumers, the option to have stable coin is not available yet. However we foresee turning on this feature soon.
  • Q: China and Thailand should be supplied with XPOS via some partner. The news was big but that was over a year ago. What’s the status in these two key markets?
Zac: China’s stance against Cryptocurrency is still a no-go. The news that was mentioned a year ago refers to our license distributor called XPOT (they had a kick off event a year ago where Mr. Prachuab Chaiyasan, Former Minister of Foreign Affairs of Thailand was one of the attendees). XPOT is our licensed distributor and I believe they are still in discussion with the local governments and pending the environment to change.
Regarding Thailand, we are in talks; with possible partnerships in this market. Please stay tuned.
  • Q: What are the current legal issues Pundi X is facing in USA, Germany and Canada?
Zac: Regulatory bodies are still ambiguous about their policies toward cryptocurrencies. As previously mentioned, we will continue to monitor the situation in the different markets and be compliant so that as soon as there is clarity in the market, we will be in a prime position to move in.
  • Q: When is Pundi X expanding to India? I was at your Mumbai Meetup but we are still waiting
Zac: We are awaiting RBI’s permission too, as crypto is still frowned upon by the local authorities.
  • Q: A long time before the public token sale, at the pre-sale stage, Pundi X said they have a working product and simply needs the funding to pay for a huge production and then give out XPOS devices for free. The cost per device is somehow USD 200–300, depending on order volume and a USD 3,000 investment would yield a minimum of 10 XPOS Devices. After enough funds raised, the token sale got capped and more funds raised. Then the XPOS got remodeled and went for sale. What happened with the initial idea of giving 10,000+ devices out for free?
Zac: As previously mentioned, pre-public token sale participants who purchased > 30 ETH are entitled to a free XPOS. If you haven’t claimed yours, please reach out to us.
Also in the pipeline, we are working with some non-profit organizations to provide free XPOS for their usage.

On the XWallet

  • Q: Will you add a stable coin to XWallet?
Zac: Yes, we will. Someone has asked the same thing about XPOS. It will likely be added around the same time for XPOS, XWallet and XPASS.
  • Q: Can we add the bank transfers to XWallet? Basically to liquidate on the XWallet for sending money to my bank account?
Zac: This is my personal favorite feature to have and it’s on my wishlist. In order to support fiat, we need to have a Payment Service License / E-Money License / Stored-value license in a jurisdiction that supports a particular fiat. For example, if it’s EURO, we will need to apply for a license or lease it via a partner for this to work.
We are definitely exploring the different possibilities but we are unable to elaborate more on when, or if it is happening, as this also requires more talks with the different local jurisdictions.
Q: Turkish holders would like to ask when can we partner with master / visa and integrate with XWallet?
Zac: As mentioned earlier, we have reached out to various parties that might be able to activate these services.

On Q3 to Q4 Plans

  • Q: What’s the plan for Q3 and Q4 for this year?
Zac: There are tons of things we are working on for Q3 and Q4.I will broadly separate it into:
Developer ecosystem — The developer ecosystem allows traditional and tech companies to onboard themselves into the XPOS and XWallet ecosystem, such as listing of their custom tokens, advertising etc. These services will all require the usage of NPXS and NPXSXEM tokens.
Partnerships — We are likely to partner with incumbent retail chain stores payment companies, incumbent POS companies that have deep distribution network to help expand the reach of XPOS, XWallet, XPASS, etc.
Governmental level efforts — We started off with Dubai and since then, several other governments have shown interest. We see this as an opportune time to engage forward-thinking governments to build a blockchain ecosystem in their city and country.
Our Team: we will continue to invest and grow our R&D team capabilities as they represent the heart of Pundi X. If any engineer or developer is keen to help us to scale, please get in touch with us. We are actually looking for engineers as I speak.

On NPXS and Token Removal

  • Q: What is the quarterly token removal from the NPXS usage of the XPOS and the burned amount for Q1 2019.
Zac: Good question. Some holders may be aware that token removal includes the result from the conversion. The amount of Q1 token removal will be announced in the 1st week of May and we will execute the removal in the 2ndweek of May.
  • Q: Pundi X has mentioned a monthly coin burn and a monthly buy back. Why hasn’t this happened yet?
Zac: It is not monthly. We are doing a quarterly token removal.
  • Q: People feel that the current token burn isn’t as transparent as many wish. What can be done to improve this process and make it more transparent? The biggest upset was after the ULTRA festival where Pundi X just wrote “we ain’t allowed to talk numbers.”Could there be a daily or weekly ticker? Is that possible?
Zac: That’s a good suggestion. While a daily ticker might be challenging, we certainly can try exploring incorporating a ticker update towards all token removal or scheduled for the next one.
  • Q: Zac, you have mentioned previously that someone was trading against NPXS. What did you guys do about this problem?
Zac: There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market and it’s not something that is unique to NPXS. In fact, the traditional stock markets have similar challenges as well. We have taken the “the best defense is a good offense” strategy which is to continue to strengthen our tokens; such as create more use cases, drive more adoption and more distribution to ensure our tokens are well positioned and stronger than ever.
  • Q: Why do you not do any great marketing and generate publicity for NPXS, e.g., advertise on television stations in major and in different countries? I generally see marketing as very important to the company’s success. And I hope to see real partnerships, not just with small shops or restaurants.
Zac: We rarely engage in paid partnerships as it doesn’t necessarily produce the best ROI in terms of investment and in this market condition, we believe in being financially prudent. Being in a decentralized environment, we consider ourselves as a community-driven company.The impact of organic press coverage driven by our community is always stronger. We do want to be seen on all major news channels and we will do that via “thought leadership brand building.” As a testament to our growing reputation, recently, we were invited to speak at the Fintech Ideas Festival event and be on the same stage as the senior executives and CEOs of Wells Fargo, COO and CTO of Bank of America and other large institutions. We see this as the right step forward in growing our brand appeal to the masses.

On the QEX Fund

  • Q: Any update on the QEX fund?
Zac: The QEX fund is led by Vic Tham,CEO and Fen Chao Yong, COO, at Quantum Energy Asset Management, also known as QEAM. Other than being the CEO of QEAM, Vic is also Pundi X’s Chief Investment Officer.
From what we know, they are in the midst of raising funds, book building, analyzing potential projects & companies and strengthening the portfolio for QEX. It’s an ongoing effort for this year and a very exciting one. We are extremely excited to see potential breakthrough projects that could benefit our ecosystem. And if anyone has questions or interests, please do reach out to Vic Tham and his team at QEAM.

On Function X

  • Q: What is the update on devs program for the Function X ecosystem?
Zac: Many keen developers are eagerly waiting for it, and I know Billy who has posted this question is one of them. We are working on it right now, we can’t commit on the dates yet but developer support is a big part of our ecosystem. We are working tirelessly, and sometimes “sleeplessly” to get this out.
  • Q: Did you use “investors”/ token holders funds to develop Function X? And instead of giving the 65% FX tokens to NPXS and NPXSXEM holders, you are getting them to choose between NPXS/NPXSXEM and FX token?
Zac: 65% of the FX tokens from Token Generation Event (TGE) is already allocated for NPXS / NPXSXEM token holders, via staking and/or conversion. There are two separate projects with teams working on it. For the XPOS ecosystem to flourish, it requires a more scalable platform/solution which is the Function X ecosystem.
The Function X foundation will be announced in Q3 and hopefully it will be a pleasant surprise. We will have a solid team to grow the Function X ecosystem.
  • Q: Will Pundi X be less focused on NPXS once FX goes live?
Zac: No, we think it’s mutually beneficial. If I may use an analogy, it’s like Google Search and Android, one product will lift the other up. The other example would be salt and pepper. When used in combination, it will drastically improve the taste of any particular dish.
  • Q: What is the relationship between the future f(x) coin and the future NPXSFX token? Is the former used in the FX ecosystem (XPhones) and the latter used in the XPOS ecosystem? If so, would buying something using the XPhone going to burn FX coins, NPXSFX tokens, both or none?
Zac: Think of the role of f(x) coin like how ETH is. Everything or any service that’s taking place in the Function X ecosystem will require the f(x) coin.
For NPXS which will be ported over to the Function X blockchain once the Function X mainnet is up and running, its utility will remain the same. Any payment-relevant services or activities on the Function X blockchain will require NPXS, which on the Function X mainnet will be tentatively called NPXSFX.
  • Q: For FX Tokens, the lock up of 1 year is too long for us to wait. Can we change the option to shorten the duration?
Zac: The mechanism in place has been designed for the long term, so unfortunately, we can’t change the option. Users have the choice whether to convert his NPXS and NPXSXEM, or not, into f(x) coin, if a user chooses to convert he will receive 12% immediately and 8% each month for the next 11 months.
  • Q: Will F(x) be available to those who couldn’t stake or convert? Will it be before the staking period end or after? When will F(x) be available to purchase on an exchange for those in countries who were not allowed to stake? Will it be during the staking period or after?
Zac: Soon we hope. As per our policy, we are unable to comment on listing dates, but with our established relationships with exchanges, we do hope it will be quick.
  • Q: We were all impressed by the Uber Dapp demos running on F(x), but these days Tron and EOS are getting a lot of press about Dapps too. What advantages will F(x) have over those platforms?
Zac: Each platform will have its own advantages, we welcome the competition and hope that more popular apps such as the decentralized Uber app can be conceived from Function X.
  • Q: Why is there no cap on f(x) tokens? When will you explain how the tokenomics will work?
Zac: I would encourage all to have a look at our concept paper on functionx.io and the Medium blog post as the details are explained thoroughly there.
  • Q: Have you already secured deals with other companies like Sony, Samsung, etc with the Function X OS to build other blockchain phones? Or do you plan to keep the Function X software to just the 5000 phone you already made?
Zac: The 5,000 XPhones serves as a proof-of-concept, for manufacturers and developers to have a test drive. We want to partner with hardware/smartphone companies and telcos to build their own version of the blockchain phones with Function X. And we are still working hard to engage with the companies to push for future blockchain phones and strengthen our Function X ecosystem.
  • Q: Will the XPhone work as a mobile point-of-sale (mPOS) device like the XPOS Handy?
Zac: The XPhone comes preinstalled with the XWallet and with that, it can double up as a lite version of the XPOS with QR code and NFC Support.
  • Q: When will XPOS Handy be ready?
Zac: XPOS Handy will be available in the coming weeks.
submitted by crypt0hodl1 to PundiX [link] [comments]

What Exactly is NEM and How to Keep XEM Safe? | Best NEM Wallets

NEM (short for New Economy Movement) is a dual layer blockchain platform quite similar to Ethereum's, with the main difference being that the former is written in Java. Launched on March 31, 2015, it has a peer to peer cryptocurrency, having the ticker symbol XEM which is 'harvested' using a Proof-of-Importance (PoI) algorithm. NEM's the first cryptocurrency after Bitcoin to have built its code from scratch. Its mainnet supports multiple ledgers on its cryptocurrency layer. The powerful Smart Assets layer supports mosaics to represent any store of value.
NEM has uses in various fields like:
  1. Financial management - financial payments, equity markets, creating a very own cryptocurrency and many more.
  2. Business management - automatic accounting, KYC, loyalty reward points, shipping, inspection and supply chain management.
  3. Secure records - encrypted messaging, anti-counterfeiting, authentication, etc.
  4. Decentralised organisations - voting security and can be used for crowdfunding, stock ownership and ICOs.
Unlike BTC and many other altcoins, NEM/XEM cannot be mined, well not exactly. The process by which new XEM coins can be obtained is called 'harvesting'. The other way to have XEM coins is via exchanges and there are plenty of them like Binance, Bittrex, CoinSwitch, HitBTC, etc.
When it comes to storing the XEM coins, the wallets that are trustworthy are:
There might be many online wallets and many of them might be safe, but the safest option is always a hardware wallet, no matter what. It's important to remember this because if your coins aren't safe, then there's no point in investing and/or trading, as once your coins are gone, there's no way to retrieve them back. Ever!
submitted by moonchildJJK to coinswitch [link] [comments]

Bitcoin encourages actual saving, something most of the population desperately needs. For the first time, I'm actually enjoying saving my money.

For the first time in my life, I'm excited about saving.
I bought another two bitcoins today: It felt good. I've never felt that way about transferring money to a savings account or buying shares of a stock. Why?
Putting money in a savings account has always felt wrong to me, even before I understood the stupidity of the math behind it. Those dollars are earning the interest equivalent of being inside a mattress, and are getting weaker each year through inflation. And if/when hyper inflation shows up, forget about your pathetic savings accounts.
Real estate is out. I'm still laughing about my ex getting the house in the divorce, only to have her get wallet raped when they immediately tripled her property taxes (nearly doubling the mortgage).
The stock market or funds then seems the only logical choice for someone who wants to save. But you know what's not exciting? Buying stocks at all time market highs. Even if it turns out to be the mathematically correct decision down the line, the threat of losing your investment or the worry of the ticker destroys any feel good feelings you have. Buy and hold (for forty years) is dead. If you don't believe me, invest in the railroads, like daddy always did. And we're not even addressing concerns about the underlying currency the market is built off of.
After all of my financial study, until bitcoin, I determined the only reasonably viable 'fire-and-forget' way to save funds in our modern world was technology ETFs. That's a pretty good way to save money, but bitcoin is even better.
We have already reached the tipping point. In a matter where faith is the principal behind which value rises, faith in bitcoin has surpassed the critical amount needed for superadoption. Now we just need time.
When I buy a piece of bitcoin, I feel like I'm buying land or a hot dot com domain in the nineties. Something precious that they're not making more of. Bitcoin is that and more, because it could reasonably scale to the space age and beyond. Dollars, gold, and land won't do that.
In 200 years, when you need to send money to Mars colony, what will you do? Send bitcoin. It's a reasonable future, and it's the only currency we have that has that promise and potential.
When space mining ramps up, all precious metals will rapidly become worthless. The 6000 year old bubble will come crashing down. When the next plot to save the value of fiat comes about (because they will inevitably need to raise interest rates or face QE infinity) then there is a good chance that people will look to put their assets in something that can't be created out of thin air. We already know what that something is.
The blockchain 🔗 is here to stay, and will be used to store information for thousands of years. It can't be expanded, no matter how far consciousness or the economy expands. It is limited to 21 million bitcoins, which then can be broken down to individual satoshis, but that's it. If you own a bitcoin, you own a piece of the future.
To the paid trolls who will invade my topic, go right ahead. I just hope you take some of what your masters are paying you and buy some bitcoins with it. Because deep down, we both know the truth.
And for the trolls that aren't being paid, I truly feel sorry for you. Because you are the ones who are dedicating your life to proving the world is flat, and crying for those who claim otherwise to be burnt at the stake. And the world will eventually eat your dust, and life will go on without your resistance to change. Because that's how the universe works.
I was already one of 21 million by owning a whole coin (the concept of which will seem ridiculous in fifty years... An average person controlling an entire bitcoin? You could only wish!). The next step? Becoming one of 2.1 million, by hitting ten coins.
I'm saving my money. And it feels good. I wish the same feeling to everyone else.
edit: Just put my money where philosophy is: Sent 0.10 bitcoins through Coinbase as gifts to my five best friends/family. Now five more people are part of the future, before it even arrives.
2nd edit: My brother just accepted the 0.10 bitcoins and set up a Coinbase account. Now he is excited about buying and dealing in bitcoin. Not a big deal? I love my brother, but he lives in small town America and refinishes furniture for a living. He is in his forties. He is not technologically savvy. But he is learning about bitcoin, and is excited about it. All the Fox News he has watched has primed him not to trust the government, and he just found something he can rally behind. News Corp just shot itself in the foot. He won't be refinishing furniture for too many more years at this rate. Now he is saving his money, something he has never done before.
submitted by americanpegasus to Bitcoin [link] [comments]

BORSER - A Finacial Platform For Multi-Sectors On Blockchain

BORSER - A Finacial Platform For Multi-Sectors On Blockchain
https://preview.redd.it/o80o6yjam8v21.png?width=464&format=png&auto=webp&s=336e7794ac6895e5a48a25adf8f7ee3d404f585f
WHAT IS BORSER?
Borser is a cryptocurrency backed by shares of Borser S.A. Borser is the product of combined network marketing, capital markets, crowdfunding, and cryptocurrencies together, these offer the savvy business owner or investor the opportunity to tap into a market worth well over $1 trillion. The Borser platform intends to exploit the crypto blast as well as offer an exhaustive, direct answer for an entire exhibit of existing issues, identified with new companies, budgetary markets and the crypto space itself. Borser is a holding organization, at present holding offers to three separate associations, all giving answers for major monetary issues.
However, Borser platform came to the limelight to rectify and ameliorate the above problems. Borser is a project that has been developed to help in taking care of the problems that do not allow the cryptoworld to reach its goal. Borser, unlike other blockchain project is not just about creating cryptocurrencies , but also set to combine network marketing , capital markets , ICO crowdfunding as well as creation and usage of cryptocurrencies.
Borser is a project that has been developed to help in taking care of the problems that do not allow the cryptoworld to reach its goal. Borser, unlike other blockchain project is not just about creating cryptocurrencies , but also set to combine network marketing , capital markets , ICO crowdfunding as well as creation and usage of cryptocurrencies.
Börser S.A company holds shares of three organizations –1. Mi Wall Street, which represents considerable authority in giving high caliber monetary administrations recently saved for significant partnerships, to the little financial specialist. This has a feasible contribution in giving high check money related gatherings starting late put something separated for quintessential undertakings, to the little budgetary ace.
2. CrowdingFunds, a blockchain-based crowdfunding stage for speculators everywhere throughout the world.
3. X-Change, which empowers customers to consistently move Börser's cryptographic money into fiat cash for an extremely low charge.
Now Börser will combine the power of these three platforms to solve the financial problems. let's discuss the problems and their solution using Börser platform.
Problem-1: Concocting a splendid business thought is just the initial step of the long street to progress: to make your vision a reality, you need starting capital. As a rule, new businesses come up short since they basically can't meet the correct speculator on time and raise up the start-up capital. Also, most crowdfunding stages just reserve ventures situated inside the purview of the stage which makes extra money related obstacles for business people.
Solution: Börser will use crowdfunding platform grasping tasks from everywhere throughout the world by utilizing Initial Coin Offering (ICOs) subsidizing method. With Crowdfunding, we tended to the issue of crowdfunding stages just adjusting organizations inside their ward by depending on blockchain innovation. Business people would now be ableto make their very own token utilizing our restrictive crypto and dispatch ICOs.
Problem-2: Every investor from small to wealthy needs access to the scope of monetary administrations. The issue is that the vast majority of these, including oversaw records, Forex and Stock money market funds, and exact exchanging signals, have been saved for an affluent investor as it were.
***Solution:***Mi Wall Street goes about as a speculation center point, offering small investors a variety of budgetary administrations recently held just for real partnerships and financial specialists. To limit costs and guarantee the majority of our financial specialist customers approach bespoke quality exchanging signals, forex, and stock business just as oversaw accounts, we moved Mi Wall Street toward a Network Marketing establishment style partnership.
Problem-3: Seeking after better work prospects is just human instinct yet as an ever increasing number of individuals move to another country for work, a worldwide issue has risen: settlement. Digital forms of money and blockchain exchange innovation make new chances to change and modernize the manner in which settlements are exchanged crosswise over fringes however this is frequently unreasonably costly for the vast majority.
Solution: Börser tended to the settlement issue by propelling X-Change which will encourage smooth, precise and cost-productive trade between fiat money and Börser's digital currency. With X-Change, you can make a virtual wallet and connection it to a platinum card to exchange cash effortlessly and for nothing. In addition, Börser likewise offers programmed combination to X-Change which implies that by making ICOs on our stage, you'll additionally have your tokens naturally consolidated into X-Change!
Problem 4: The world saw a huge blast in cryptographic forms of money in a previous couple of years however the crypto advertise remains exceedingly precarious and unstable. This has to do with the very idea driving digital forms of money which even worldwide 'pioneers' like bitcoin are influenced by cryptographic forms of money basically don't reflect genuine resources. In addition, most cryptographic forms of money succumb to a similar shortcoming: exchange speed. Most frameworks can just deal with a couple of exchanges for every second, and security is regularly as yet deficient.
Solution: Rather than giving halfway answers for individual issues, Börser received an alternate, enormous picture approach. By making a holding organization and digital money, Börser intends to exploit the crypto blast as well as offer an exhaustive, direct answer for an entire exhibit of existing issues, identified with new companies, budgetary markets and the crypto space itself. Börser is a holding organization, at present holding offers to three separate associations, all giving answers for major monetary issues.

https://preview.redd.it/fghgu3jbm8v21.jpg?width=284&format=pjpg&auto=webp&s=c95c1e549acc88a988ba59c84b11ea2f8e861636
Token info
Ticker:BOR
Platform:Ethereum
Token Type:ERC20
Available for sale:60,000,000 BOR (60%)
FinancialPre-sale value :1 BOR = 0.8 USD
ICO Price:1 BOR = one USD
Soft cap:3,000,000 USD
Hard cap:30,000,000 USD

https://borser.cbounties.php
https://beta.bounty0x.io/hosts/Borser
https://borser.cdocs/whitepaper.pdf

Bounty0x ID: ecamli
submitted by ecamli to BountyICO [link] [comments]

Switzerland’s Biggest Stock Broker Enables Crypto Trading

Switzerland’s Biggest Stock Broker Enables Crypto Trading
https://preview.redd.it/a07j8xpr9df31.png?width=500&format=png&auto=webp&s=9ac336f0de699589cf8ed115b0edf01e186b635a
News by Altcoin Buzz: Robert Patrinjei
Swissquote, Switzerland’s biggest stockbroker and one of the country’s largest online banking groups, trading platform now supports the trading of various cryptocurrencies.
More About Swissquote
Swissquote Group Holding SA is a Swiss banking group that gives customers the opportunity to trade different assets. The group’s shares have been listed on SIX Swiss Exchange under the SQN ticker.
Users can now transfer crypto from external wallets to their accounts, and vice versa;they can also withdraw, deposit and trade cryptocurrency on the platform. The company has also cooperated with Crypto Storage AG to begin its new system.
It’s good to note that Bitcoin deposits (online banking) were accepted by Swissquote since early 2017. Later that year, the bank had added three other major cryptocurrencies on their online banking platform, Ripple, Ethereum, and Litecoin.
It is good to hear that the bank group has recorded a 44 percent profit increase since they started working with cryptocurrencies.
Switzerland is now the second country after Syceheeles that has a company listed in the national stock exchange which allows trading in cryptocurrencies.
Customers can deposit more or equal to 500 CHF on the platform without paying fees, however, for less than that there is a small fee. To be noted that there is a $10 withdrawal fee and a 1% trading fee. The withdrawal fee is only charged for Bitcoind and Ethereum transaction; for other cryptocurrencies is yet to be announced. The trading fee will be charged only for the transactions between 5-10000 CHF.
Swissquote planned on starting crypto trading in March 2019, however, the launch was delayed until now.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Bitcoin Gets a Thumbs Up From New York Stock Exchange’s Chairman (Barron’s )

Bitcoin has plunged in price in the past year, but the CEO of one of the world’s biggest exchange operators isn’t deterred from entering the space.
Jeffrey Sprecher, CEO of IntercontinentalExchange (ticker: ICE) and chairman of the New York Stock Exchange, spoke enthusiastically about cryptocurrencies at the Consensus Invest conference in New York on Tuesday. With Bitcoin down more than 80% from its highs, he said he’s been seeing headlines asking “Will digital assets survive?”
“I’d say the unequivocal answer is yes,” he said, adding that “we’re kind of agnostic to price.”
Sprecher was on stage with his wife, Kelly Loeffler, the chief executive officer of Bakkt, a crypto platform owned by ICE that is due to begin operations next year. It is designed to allow digital asset trading and make it easier for merchants to accept crypto too.
Bakkt will also be offering a Bitcoin futures contract that will settle every day in Bitcoin. (Bitcoin futures offered by CME Group and Cboe settle in cash). The Bakkt futures contract, Loeffler said, will help Bitcoin traders establish a trusted price. Bitcoin now trades at different prices on different exchanges, many of which are unregulated.
Bakkt was expected to start operations next month, but the opening has been delayed until Jan. 24, 2019. Delaying the rollout will “give more people time to get on board,” said Loeffler.
Starbucks was also part of ICE’s original announcement about Bakkt. The platform was expected to help Starbucks figure out how to help consumers “convert their digital assets into US dollars for use at Starbucks,” it said at the time.
The coffee company told Barron’s on Tuesday that it had no timeline for when it would allow customers to pay using digital currency. It said working with Bakkt will position it to offer new ways of collecting payments as cryptocurrencies gain traction.
Owners of digital asset businesses consider the Bakkt rollout a bullish sign for the market, perhaps the most important institutional move into the space. At the very least, it’s a good sign that major institutions are doubling down on their investments, even as the price drops, said Pascal Gauthier, presixdent of the crypto wallet company Ledger, in an interview.
“No one has dropped out of crypto,” he said. “They could have walked out but no one is walking away.”
Write to Avi Salzman at [email protected]
submitted by Sandiegosurf1 to Bitcoin [link] [comments]

Alternative, DAO ANDROID APP STORE, DApps, on ETH blockchain, STO + DEX Exchange

Alternative, DAO ANDROID APP STORE, DApps, on ETH blockchain, STO + DEX Exchange

https://preview.redd.it/ql4cxspalv831.png?width=800&format=png&auto=webp&s=6887e75c9e10ceb8b1c2596c0256410d9f8bb5d1
DAO PlayMarket 2.0 - is the alternative, decentralized marketplace of Android applications and games, DApps applications, on the Ethereum blockchain (ETH), with the STO platform, for monetization of applications and a decentralized exchange.
HONESTY. TRANSPARENCY. ACCESSIBILITY.
Individual freedom cannot exist without economic security and independence. So we created the smooth, stable lock store Android apps and the DApp store using the Ethereum blockchain and smart contracts for fast-growing, huge market of mobile applications for Android. Behind more than 2 and a half years of active development and improvements that continue to bring even more new features. You, as a developer, nothing to lose, can only benefit from publishing their developments on the platform and attract new users.
Now we are preparing to implement our international marketing plan, familiarity with the platform a large number of users, developers, and investors in dividend tokens of projects with the STO (Security Token Offering) platform and in the PMT token. Placing your application on DAO Playmarket 2.0 will be useful, especially if you have users from those countries and regions where the use of the built-in Google Play Market or some of your application is prohibited there, because of failures or non-compliance with politic. Like many crypto applications, or competing directories.
DAO PlayMarket 2.0 is the only decentralized Android app store that accepts payment in ETH cryptocurrency and a marketplace platform for Dapp applications on the Ethereum blockchain, in combination with the developer platform STO and DEX Crypto Exchange. The main goals and objectives of DAO PlayMarket 2.0 are the creation of a stable economic model for developers, investors and users, as well as the introduction of a single standard for the tokenization of the mobile application market. Automatic operation of the entire platform on more than 52 internal smart contracts and open source. Advantages of DAO PlayMarket 2.0 over other platforms:
BENEFITS FOR THE USER
On the platform of DAO Playmarket 2.0, via the web site and Android application, the user can:
  • Invest through STO, in the development of the application you like and receive dividend income in ETH, from it, buy and sell on the DEX exchange.
  • Receive additional benefits, for example, in the form of application tokens for purchasing it, or for performing actions within the application. Payments to users in Ethereum, for installing applications from developers, participants of STO. Soon the first payment for the installation, after the STO game CryptoDuel.
  • Get secure and uninterrupted access to a decentralized, censorship-resistant platform, both at the country level and at the level of specific mobile app stores.
  • Built-in mobile application and platform, DApps browser, based on MetaMask wallet, with a DApp application directory.
  • A decentralized cryptocurrency exchange is integrated into the DAO PlayMarket 2.0 platform, which includes an open API.
  • Public and open source all the internal smart contracts, and documentation of the whole platform on GitHub.
  • Pay for purchases for cryptocurrency. All paid applications and in-app purchases are paid through the ETH cryptocurrency.
  • Holding 2000 PMT tokens, the user can vote for the further development of the entire project.
  • Holders PMT received dividends from STO and listings in the form of other tokens from any number of tokens PMT, a one-time.
Thus, the user gets a chance to be not just consumers, but also to participate actively in the work of the platform, contribute to, and benefit from financial benefits, to participate in the vote on the development platform.
BENEFITS FOR ANDROID APPLICATION DEVELOPERS
  • The ability to produce a token of your Android application and distribute them among the current shareholders and to implement them on integrated platform STO (Security Token Offering - the location of the investment (security) tokens. Release tokens into the possession of investors, with the aim to dividends or voting rights. STO requires a license, approved by the SEC and other regulatory bodies).
  • DAO PlayMarket 2.0 will provide developers with simple and effective tools to promote your application, including a handy feedback between developers and users.
  • DApp mobile browser, with a directory of affiliate applications to attract users into Your infrastructure. Soon to be a full-fledged office developer DApp. Now can be added only with our help.
  • The platform is resistant to censorship — basic information is stored on the blockchain, which allows access to applications from anywhere in the World.
  • Commission platform is 1% (for others stores about 30%). This commission is taken as a node of the platform, as a reward for financial operations, support of the node and storing all files.
  • Payment to the developer of income from sales of his application and content within it for a strictly fixed period according to the concluded smart contract, as well as payments to all holders of a developer's token, a specific application.
  • The source code of all PlayMarket 2.0 internal smart contracts, the DAO PlayMarket 2.0 mobile app and the playmarket.io web site are available on GitHub. All platform documentation is open.
  • The ability to sell their applications and make domestic sales for cryptocurrency.
  • You Will also be available to all users of the platform, and other applications, from all countries of the planet Earth.
  • Push notification is implemented using pubsub system IPFS in order to meet decentralization.
  • Referral system for all application developers, soon.
  • The complete absence of bureaucracy.
To add your Android version of an application or game, you need to register via MetaMask the browser extension or file keys from the Ethereum wallet in the DAO PlayMarket 2.0 blockchain, as a developer - https://dev.playmarket.io/auth/ . Add an application, description, contacts, categories (now there are 2 subject categories with crypto applications https://playmarket.io/category/1/1 and https://playmarket.io/category/1/34, among others), etc. information. Then, if necessary, update the version of your app, add any other development for free (the cost of gas for the transaction in the Ethereum network). Now You can sell your app for the cryptocurrency, or we help to start STO - monetization of Your apps, games, generating income (through the addition, by contact with our specialist in Telegrams https://t.me/totalGreX ) and automatically add your new token ERC-20, domestic decentralized exchange DAO Playmarket 2.0. If you are going to put a link to download the app from PlayMarket DAO 2.0, alternatively, next to the link to download from Google Play Market, use the icon from here https://github.com/CryptonStudio/PlayMarket-2.0-App the verification Process of the developer - transfer code to confirm the authorship, implemented through ipfs/pubsub and mailing address with the Google Play store if the app is there.
ADVANTAGES FOR DAPP APPLICATION DEVELOPERS ON THE ETHEREUM BLOCKCHAIN
Dapps for high-quality applications, we offer a reciprocal link exchange on Your Dapp from our directory, shopping sites https://dapps.playmarket.io in exchange for a link from a page with your instructions on how to access Your DApp, using a variety of wallets, Android app to Playmarket 2.0 - https://playmarket.io/detail/0 in the directory which will be your DApp. It is a browser Dapp based on MetaMask and a public account developers Dapp will also appear in the near future, as other improvements in this section. Now add to the catalog Dapp, occurs only with our help. If You already have your token, then its possible listing on the stock exchange DAO market, 5% of the total number of tokens, as in STO, which will go to dividends to all holders of the PMT token.
After placement, You will have access to all current and future users of the international multi-platform Game DAO 2.0, which potentially may be interested in and Your multilingual application Dapp.
Help at any stage of cooperation, consider various options, please contact us.
ADVANTAGES FOR OWNERS OF NODES
For stable operation of the platform, it is necessary to have a certain number of nodes in the network (now there are 10 nodes, the nodes in different countries, a link to a map with nodes) which provide reception and transmission of transactions to the blockchain, application transmission and information about them, and storing all files. The owners of the nodes as a motivation receive a reward in the form of 1% of processed transactions. This and all Commission platform.
The more users the platform will have, the more need nodes. To add your node to the list of trusted, its owner must make a guarantee deposit, in the base currency of the platform - 10 ETH and 5000 PMT token, on a smart contract. A Deposit is required as collateral and guarantees fairness in the node, while its size is computed dynamically based on the pass-through payment transactions. Details in the English language the white paper.
BENEFITS FOR INVESTORS
Investors who participated in the DAO PlayMarket 2.0 crowdsale who bought PMT tokens in 2017 now receive dividend income from PMF (PlayMarket Foundation). This fund is replenished by a 5 percent commission, with the release of application tokens on STO. The DEX exchange is already built into the platform, on which CDLT tokens of the first STO from CryptoDuel can already be exchanged for TUSD or ETH, as well as the PMT token. Exchange decentralized, and therefore more resistant to possible hacker attacks and disruptions in work.
The Ticker token DAO PlayMarket 2.0 - PMT. Standard tokens - ERC20 (the Ethereum blockchain). The total delivery volume of 3 000 000 PMT tokens (750 000 PMT frozen in development team for 2 years). In 2017, 2 250 000 PMT tokens were sold through ICO, and distributed to investors.
PMT holders automatically become members of the PMF Fund - PlayMarket Fund (wallet address fund). The main goal of the fund is to openly manage the resources of the Fund together with other members of DAO PlayMarket 2.0, to receive dividends. Application developers at DAO PlayMarket 2.0 can issue independent tokens for their applications. The PlayMarket Foundation saves 5% of tokens from each application hosted on the DAO PlayMarket 2.0 platform, as well as 5% from the listing of tokens of Dapp applications and Android applications, on the market exchange, for paying dividends to PMT token holders, based on their share.
All holders of tokens PMT that hold more than 2000 PMT token, have the right to vote in DAO PlayMarket.io 2.0, in all directions of further project development - all in the hands of users. Holders PMT received dividends from STO and listings in the form of other tokens from any number of tokens PMT, a one-time. In the future, receive dividends at the ETH, received the dividend from STO tokens (in total, depending on the specific turnover of the application), by type, as dividends from shares of large companies, only then with specific games and applications.
Wish everyone a good day, developers, future users, investors and partners! Thank you for any feedback and Your opinion about the new platform, made with love, for a just future, all participants of the market of Android games, apps and DApps, on the Ethereum blockchain.
Requires Android: 5.0 x and aboveEnglish interface: Yes
Download:Version: 1.4.24. Download APK file from the official website of the platform.
Developer: https://crypton.studioYouTube Video: https://youtu.be/QYjyfCt6gWc
Screenshots of the internal functions of the platform:
https://preview.redd.it/9c1b6bvmlv831.jpg?width=606&format=pjpg&auto=webp&s=037c89227be84a698ed82e97d9c28975afbdccc8
https://preview.redd.it/9frsievmlv831.jpg?width=606&format=pjpg&auto=webp&s=2dc970a2f15722d378c40577f537d7c3dee24f09
https://preview.redd.it/rhaftevmlv831.jpg?width=606&format=pjpg&auto=webp&s=69a2215a217b99e1d2bd55f203d8f551a90679a9
https://preview.redd.it/mgr2jevmlv831.jpg?width=606&format=pjpg&auto=webp&s=a1d6df295f1885ddcbcb27156621ec0eb04ee5bf
https://preview.redd.it/g25z7hvmlv831.jpg?width=606&format=pjpg&auto=webp&s=0bbfb329b5771185128432b41a84844204397f5f
https://preview.redd.it/8ic9rfvmlv831.jpg?width=606&format=pjpg&auto=webp&s=80e824307433bf81de048fc7312a9d819428d7f0
https://preview.redd.it/aiek5evmlv831.jpg?width=606&format=pjpg&auto=webp&s=8607ba009de04bb91170246b0579a24a870f2464
https://preview.redd.it/8x7i9fvmlv831.jpg?width=606&format=pjpg&auto=webp&s=5fd8489907b51c106ad8759807109ab19e9b599e

Changes: update the app to version 1.4.21 - 1.4.24What's new:
  1. Added DApps Browser with support MetaMask- you can Now open any website with support MetaMask, and work with built-in wallet app.- By default the website opens https://dapps.playmarket.io
  2. The IPFS module updated to stable version 0.4.19 (you can update in settings).
  3. Changed the order of the updates and display the data on the pages of the wallet and dividends.
  4. In My application now displays the version name of the application and size, not just a code version of the application.
A decentralized exchange:https://dex.playmarket.io/
  1. Dobalina trading pair to TUSD.
  2. Implemented data updates through a WebSocket connection.
  3. Added chat (anonymous).
Platform:
  1. The IPFS module on all nodes updated to the stable version 0.4.19.
  2. Transfer code to confirm the authorship is implemented through ipfs/pubsub.
  3. Website developer fixed bugs, made improvements on the interface.
------------------------------------------------------------------------------------
Read more about the platform and the last in 2017 ICO: https://ico.playmarket.ioWebsite DAO PlayMarket 2.0 App Store: https://playmarket.ioDownload Android app DAO Game 2.0: https://playmarket.io/detail/0Developers add your app: https://dev.playmarket.ioPlatform for ICO/STO: https://playmarket.io/stoManaging nodes nodes: https://nodes.playmarket.ioGroup Telegram: https://t.me/playmarket_2Page in FB: https://www.facebook.com/playmarket2.0/Page on Twitter: https://twitter.com/en_playmarket2Youtube Channel: https://www.youtube.com/channel/UCErfyOgXb_3UQh9i7LZAYwA/featuredBitcoinTalk: https://bitcointalk.org/index.php?topic=2311696Medium: https://medium.com/@playmarket2.0White paper EN: https://ico.playmarket.io/images/docs/wp_playmarket_ru.pdfWhite paper en: https://ico.playmarket.io/images/docs/wp_playmarket_en.pdfThe #Developers of #DAO #PlayMarket 2.0: https://crypton.studioGitHub: https://github.com/CryptonStudioToken Tracker: https://etherscan.io/token/0xc1322d8ae3b0e2e437e0ae36388d0cfd2c02f1c9Buy token PMT: https://yobit.net/en/trade/PMT/USD , https://yobit.net/en/trade/PMT/BTC , https://dappdex.io/PMT/ETH and https://dex.playmarket.io/PMT/ETH
We look forward to seeing Your work on a decentralized platform, join the future!
submitted by DAO_PlayMarket_2_0 to u/DAO_PlayMarket_2_0 [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bizanc Whitepaper - Draft

Summary

Bizanc is a decentralized platform for commercialization of digital assets, operating on a Blockchain architecture, allowing trading of cryptocurrencies such as Bitcoin, Ether and Tokens of the Ethereum network, as well as the issuance of Tokens within the Bizanc network itself. The platform aims to enable, in addition to a market of strictly digital assets, the tokenization and negotiation of conventional tangible and financial assets, such as: bonds, commodities, derivatives, reward and loyalty program points, and other fiduciary currencies. The decentralized structure of the Bizanc network confers a highly resilient, superior environment in availability and security by eliminating single points of failure, and reducing transaction costs compared to conventional solutions. Bizanc aims to provide greater liquidity to cryptocurrencies and accelerate the adoption of decentralized solutions by the market.

Contextualization

With the advent of Bitcoin in the last decade and the explosion of the cryptocurrencies derivative market in recent years, distributed systems technologies take space in the most diverse economic spheres, with the market demonstrating a strong interest in Blockchain, Distributed Ledgers and Smart Contracts technologies. Cryptocurrencies are beginning to emerge as a possible alternative to the traditional financial system, monetary policies and dirigism by central banks; allowing the transfer of significant amounts of financial values with security and agility, regardless of jurisdiction, free from the ties of traditional banking systems, forming a truly global market. Traditional institutions are studying ways to adopt technology.
However, one of the main difficulties faced by cryptocurrencies are the entry barriers to operate in this market. Despite the immense value attributed to the security and resilience of networks such as Bitcoin and Ethereum, contradictorily almost all of the trading of its assets still depends on centralized services, subject to all the flaws and problems that crypto-coins were created to solve.
From the conception of Bitcoin until the year 2018, there are more than 30 cases of hacked Crypto Exchanges, totaling more than a billion dollars in total losses, without considering the negative impact of this incidents on the public perception and the demand for cryptocurrencies.

Bizanc Network

In the face of these challenges, the idea of Bizanc, an open decentralized platform, using Blockchain’s own protocol with a specific focus on value negotiation, was born, with the aim of facilitating and accelerating the adoption of cryptocurrencies. Bizanc mediates the interoperability between distinct Blockchains, and allows peers to pass market orders to a network composed of autonomous nodes responsible for ordering and executing in Bizanc’s public Blockchain, guaranteeing high audibility and transparency to the operation of the network. The Bizanc platform also features native token functionality, allowing users to easily merge digital assets with pre-established emission rules without the work of developing a proprietary Blockchain solution and leveraging the security and robustness of the Bizanc ecosystem.

Functionalities

The Bizanc platform has four basic functionalities: value transfer, exchange, Token generation and atomic swap.
Value transfer is the basic functionality of all cryptocurrencies, allowing users to move units of value between accounts. In Bizanc users can transfer any asset present in their wallets, such as the native currency BIZ, Bitcoin, Ether and Ethereum Tokens, or native Tokens generated in the Bizanc network.
In the Exchange environment, it is possible for the user to perform market operations, buy and sell orders, and order cancellations. Token generation transactions allow users to establish a unique ticker name and symbol on the network, total stock of Tokens, and public keys that are allowed to manage the Token.
The atomic swap structure enables you to establish an account with a pre-allocated amount of an asset, and other users can deposit assets into this account and convert them to a pre-determined rate. This functionality exists to facilitate the distribution of assets and the organization of ICOs (Initial Coin Offering).
All operations are transmitted by the users to the network of nodes, which propagates the operation until its eventual mining. A fee is charged on the operation, and brokerage on executed market orders.
The Bizanc platform has its native currency, BIZ. BIZ serve as an award to miners who succeed in mining a block, and as a basis in asset pricing and intermediation between market operations. Intermediating between BIZ and currency pairs in the Exchange environment enables the functionality of pathfinding. Pathfinding allows orders to be matched indirectly, in separate order books. For example, supposing Alice wants to buy ETH by paying on BTC and Bob wants to sell OMG and buy BTC, by the time Carol sends an order to buy OMG by paying in ETH, the platform is able to automatically marry Carol’s order with Bob, and of Bob with Alice. This operation takes place atomically; or it runs at all ends, or does not occur, freeing participants from the counterparty risk.
A: BTC> ETH
B: OMG> BTC
C: ETH> OMG
With these functionalities, Bizanc aims to provide superior usability and significantly enhance the liquidity of the cryptocurrencies market. Following the Bitcoin model — the first and most well-established crypto-model — the Bizanc network adopts a proof-of-work (PoW) consensus algorithm. In a PoW scheme, mining nodes must generate a cryptographic proof of computational capacity spent through a hashing algorithm to generate a valid transaction block that can be transmitted and assimilated by the rest of the network. In the Bizanc network, mining nodes are rewarded with an amount in native BIZ currency for each mined block.

Decentralized Exchange

Bizanc expands on Blockchains standard functionality to allow, in addition to value transfering, to also enable a Decentralized Exchange (DEX) structure. Users can send bid or ask orders, choosing the asset, quantity and price to be negotiated, which will be propagated to all nodes of the network. Open orders are stored in a temporary chain state, that changes after each order is mined, and is replicated on all nodes, until they are totally or partially matched to other orders. At the time the order matches, and once the block is confirmed the funds are properly credited.
This arrangement allows the Exchange operation to be open and transparent. Membership is free, any user can devote computing power to the mining function and ensure the integrity of the network. All transactions — whether transferring securities, trading, or deposits and withdrawals of assets — are permanently registered and accessible at Blockchain. It is also possible to verify the total volume of assets within the network, even those stored in account and not actively traded. The matching of orders occurs in a distributed way, by all the mining nodes. These characteristics make frauds and bad practices possible in centralized services become unfeasible, such as falsification of trading volume or selective match of orders.

Emission of tokens

Token and atomic swap functionality is intended to provide a complete solution to asset Tokenization and an effective digital asset distribution system.
A Token generation request is sent to the network, specifying parameters such as Token name and ticker symbol, supply and other public keys allowed to manage the Token. Nodes confirm that the name and ticker are unique, not conflicting with existing Tokens, and the request is mined and Tokens are generated. A specific fee is charged to avoid network spam or malicious Token generation. Each Token is identified by a unique hash.

Atomic Swap

Bizanc also enables the establishment of Atomic Swap orders. An operation is sent to the network determining the asset to be sold and which assets are to be accepted as form of payment, total amount and price. Other users may then transfer the predetermined assets so that they are converted to the target asset automatically (once the transaction is confirmed in one block) and atomically, without counterparty risk.

Conclusion

With such functionalities, Bizanc intends to accelerate the adoption of cryptocurrencies and interconnect the real economy with the virtual, overcoming the current entrance barriers and generating an ecosystem with minimal friction. Stable currency-backed securities and other fiduciary currencies may serve to facilitate the adoption of cryptocurrencies by the traditional market. Small businesses and retailers, for example, can take advantage of the security, agility, and reduced transaction fees offered by Blockchain solutions, and still hedge against the volatility of cryptocurrencies by automatically converting their values into some stable coin. Industries can organize open and decentralized exchange systems, representing exchange credits in tokens. Communities can create currencies specific to their local economies. The goal is to enable organizations that are not possible before, with less dependence on intermediaries, more transparency, enabling a truly global and barrier-free market.
This paper introduces the proposal of a Decentralized Exchange, describes its functionalities and possible advantages compared to available centralized services. It is proposed a platform in Blockchain that allows, in addition to exchange of values, asset trading and generation of Tokens natively. It also outlines platform applications and attracts them to its adoption.
For further information, please get in bizanc.io userguide: https://bizanc.io/documentos/EN-TutorialTestnet.pdf
Airdrop is coming, if you want to receive invite please send your email on this forms. Please access to: bit.ly/2Jf9CXr
Thanks for reading!
submitted by bizanc to u/bizanc [link] [comments]

[Myriad] Monthly wrap up

Hey! Every month there will be a wrap up about what is being done and what is still work in progress! We will try to do it every 10th of the month. Every event will be backed up with a source, which is open for everyone. Myriad is a community coin and is actively being worked on. If you have any questions according completed work or work in progress, feel free to ask.

Completed:

  1. Myriad Coin Browser Extension . A simple addon that displays a detailed ticker for myriad made by reddit user VerifiedMadgod.
  2. StockTwits stream is being opened
  3. Myriadchain.info is being launched . Basically, means it gives a good first glance about myriad, including a Bittrex chart and mining difficulty etc.
  4. Age of chains mention. Age of chains is a Cryptocurrency trading card game.
  5. Myriadcoin update 0.14.2.0-rc1
Summarized release note 0.14.2.0-rc1

Work in progress (No release date yet)

  1. New website design. Couple designs are being made. Currently we are picking the right design, which does fit myriad the best.
  2. Updating outdated Bitcointalk post. Currently we are trying to update this bitcointalk post which is being written in 2014 (Yeah, that’s old..).
  3. Core: Rebase to 0.14.2. Rebase to 0.14.2 there is a bounty of 3mil on this. Huge project.
  4. Update Android/IOS wallet. Android/IOS wallet update. IOS wallet is in development same goes for Android but on a lower priority.
Special mentions
  1. A great article by CryptostoneMyriad (XMY) – A real sleeping Giant. It basically covers all the inside outs of Myriad as coin. Good analyze of the coin with a solid conclusion.
  2. Keepmyshirt is still going strong with the Myriad stickers!. An easy way to contribute to Myriad coin and spreading out the word!
  3. Youtube video about the myriadMyriadcoin Mine Anyway You Want To!.
Disclaimer: The usage of a link shortener is purely to generate money to use on any related Myriad coin event, this does cover marketing and other expenses.
See you next month,
Greetings, Diedo
submitted by Xanthaes to myriadcoin [link] [comments]

CHIMPION

CHIMPION

https://preview.redd.it/qt454okwy6e21.png?width=320&format=png&auto=webp&s=af4f73f51222913e51e619bb7e99c0aa6bdf4e1f

INTRODUCTION

Cryptocurrency is essentially digital money traded from one person to another through the use of pseudonyms. There are no intermediaries like banks, no governmental oversight or authority, and no fees. The “crypto” in cryptocurrency refers to the use of cryptography to ensure the security and privacy of every transaction.
New coins are created through a technique called mining. The process requires powerful computers that solve complex math problems. Each problem should take about 10 minutes to solve, and results in the creation of a predetermined number of coins. The total number of coins that can be created is fixed — there’s a limit of 21 million bitcoins that can be created. The number of coins rewarded for solving each problem dwindles as time goes on.
Bitcoin is believed to have been created in 2009 by Satoshi Nakamoto, an enigmatic figure who has so far proven all but impossible to definitively identify. By using cryptography to control the creation and tracking of a digital currency, Nakamoto took that power away from central authorities like governments.
Bitcoin was the first and most famous digital currency, but you can choose from more than 1,500, including ether, litecoin and even cryptokitties. For awhile, you saw these currencies only in the darkest corners of the internet, where people used them for all sorts of questionable, even illegal, activities. Drug dealers liked them because they made transactions all but invisible, and trolls at the Kremlin-backed Internet Research Agency used bitcoin to finance their campaign to influence the 2016 election.
That started to change in 2014, when Overstock became the first major US retailer to accept bitcoin. Companies like Expedia and Microsoft followed suit.
One of the biggest misconceptions about cryptocurrencies is that you need thousands of dollars to invest. It’s an easy assumption to make, especially in the case of bitcoin, which stayed under $1,000 from about 2010 to 2017. But then it took off, surpassing thousand-dollar milestones at a pace that seemed quicker than you could refresh your phone.
The staggering value is off-putting to many. But unlike most stocks, you can buy a fraction of a bitcoin so you don’t need thousands to get into the crypto game.

OVERVIEW OF CHIMPION

Chimpion is an all in one ecommerce, point of sale, digital wallet with crypto to fiat settlement system. Chimpion’s is launching e-commerce storefronts that allow merchants to accept cryptocurrency payments, choosing their favorite altcoin as the base currency denomination and allowing the merchant to settle their crypto into fiat through a stablecoin.
Additionally, Chimpion is an e-commerce network whose aim is to disrupt the traditional mode of payment when purchasing merchandise. Most merchants do not accept cryptocurrency as a mode of payment from their customers but with #chimpion all merchants on their platform will accept payments made with cryptocurrencies. Merchants will be able to choose what cryptocurrency they want to be paid with while customers can choose merchants with best price to patronize.
It provides an avenue for merchants to aim their preferred cryptocurrency audience whilst bringing liquidity to their ideal cryptocurrency. Merchants will be patronized by customers with actively trading digital assets or stable coins, and they won’t have to deal with issues of reversed payment after it has been made because any transaction confirmed on the blockchain is irreversible.
CHIMPION offers customers a fair & trusted platform where goods can be purchased with the best prices, goods bought will always be in good condition because vendors will be vetted before showcasing their products. As a loyalty reward for regular customers, they will be incentivized with #bnana tokens, customers will have unrestricted access to elite vendors worldwide. There will be no need to trade cryptocurrency for FIAT before purchasing anything.
CHIMPION is currently working with cryptocurrency projects to help them bring utility to their projects by helping them launch their online crypto stores. #chimpion aims to make the use of cryptocurrency accepted worldwide whenever goods are bought.

BCD PAY WALLET

BCD PAY WALLET is integrated with #chimpion network, it is a mobile wallet that can be downloaded from google play store with a friendly and an easy to use interface. Every smartphone could become a sophisticated banking platform where users can transact and place orders on the go. Users can use it to send and receive a vast range of digital assets, pay for deliveries, shop online securely because it has the latest security functionality. BCD PAY WALLET GOOGLE PLAY DOWNLOAD
BCD PAY WALLET APK ANDROID DOWNLOAD The mobile application will also be made available on iOS (Apple Play Store) soon, the app will serve as a mobile payment gateway, users will be able to use digital assets to pay for services rendered to them instead of the use FIAT (Government issued currency.) that was traditionally used for payment. The wallet supports all ERC-20 tokens, all EOS tokens, Bitcoin Diamond, Bitcoin Core, Litecoin, Dash, Ethereum, Waves, Bitcore, and many others.

https://preview.redd.it/hu0dz4hbz6e21.png?width=1717&format=png&auto=webp&s=0d6f8421eb2f89aef34bda2a94fb459c8fd859ab

CHIMPION CURRENT MERCHANTS

  1. BCD Bazaar
  2. Marks Jewelers
  3. Mahone’s Wallpaper Shop
  4. Rosetta Coffee

ABOUT CHIMPION TOKEN (BNANA)

BNANA is the abbreviation of CHIMPION TOKEN which was created on the EOS blockchain, it is EOS compliant. BNANA is a digital asset that is virtual & electronic which will be used as the standard mode of payment for services rendered on #chimpion platform. Users or holders can purchase merchandise from any merchants on CHIMPION powered online stores without any hiccup.

TOKEN ECONOMICS

COIN NAME: CHIMPION
TICKER: BNANA
NETWORK: EOS COMPATIBLE
TOTAL SUPPLY: 100 BILLION BNANA

COIN ALLOCATION

TEAM & ADVISORY: 5.15%
MARKETING: 7.22%
FOUNDATION PAYROLL: 10.31%
STRATEGY PARTNERS: 15.46%
COMMUNITY AIRDROP: 61.86%
THE CORE TEAM

https://preview.redd.it/41tjsknmz6e21.png?width=798&format=png&auto=webp&s=f4e05ab5b093b0ce831cee30c244d876f99943f0
ROADMAP AND DEVELOPMENT PLAN

https://preview.redd.it/umzve3ooz6e21.png?width=518&format=png&auto=webp&s=347d5de8d7a4d3efa3c4c234330a7bdd7a8c0321
FIND BELOW INVESTORS RESOURCE AND LINKS FOR MORE INFORMATION:

WEBSITE: https://www.chimpion.io/
WHITEPAPER: https://www.chimpion.io/whitepape
TELEGRAM: https://t.me/chimpionio/
FACEBOOK: https://www.facebook.com/Chimpionio/

PUBLISHER
Bounty0x Username: idrixoxo

submitted by idrixoxo2015 to u/idrixoxo2015 [link] [comments]

How to Buy Cryptocurrency for Beginners (Ultimate Step-by ... Bitcoin Definition and Review Bitcoin price ticker widget. (part 2) Bitcoin Ticker - Tick by tick, real time updates. All data is indicative Blockchain Wallet - YouTube

Bitcoin is often represented with the ticker symbol BTC, though it’s technically not a stock ticker. As the demand for bitcoin and other altcoins has grown, investors have shortened these names into three-letter symbols, to make it easier to trade them on exchanges. Some of the more popular altcoin “tickers”: Find real-time XBT - Bitcoin/US Dollar stock quotes, company profile, news and forecasts from CNN Business. Find the latest Bitcoin USD (BTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing. For example, its tZERO subsidiary launched a digital wallet and exchange-services mobile app this week, allowing users to buy, sell, and store bitcoin and ethereum on their smartphones. Bitcoin Depot, in conjunction with the bitcoin wallet Airbitz, allows users to buy bitcoins with cash at dozens of special ATM locations spread across six states: Alabama, Florida, Georgia ...

[index] [15246] [20399] [15511] [50568] [31511] [9216] [47487] [3292] [21387] [12013]

How to Buy Cryptocurrency for Beginners (Ultimate Step-by ...

Blockchain Wallet BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkhPhu3_B4 Test ... Stock Basics: What is a Ticker Symbol Definition and Meaning - Duration: 2:37. Sasha Evdakov: Tradersfly 28,984 views. 2:37. BitCoin For Beginners - POOLS - Top 3 Mining Pools - Trading and ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Check Out the UPDATED Version of this Ultimate Guide Here: https://youtu.be/sEtj34VMClU This video will teach you how to buy cryptocurrency for beginners ste... Trade Ideas Scanner Live for Penny Stocks Small Cap Scanner-High Of Day Momentum Scanner💰 STOCKS ROCKS 444 watching Live now 25 Year Old Millionaire Stock Trader Alex Temiz Q+A at SMB Capital ...

#