8 Best Crypto Margin Trading Exchanges Compared (2020)

Binance margin trading will reportedly not be open for USA, North Korea, Iran, Cuba and Crimea accounts

Binance margin trading will reportedly not be open for USA, North Korea, Iran, Cuba and Crimea accounts submitted by n4bb to CoinPath [link] [comments]

DUSK Trading Contest: $ 100,000 Draw! Binance

https://www.binance.com/ru/register?ref=28030971 DUSK Trading Contest: $ 100,000 Draw!
Binance

Binance and Dusk Network have donated $ 100,000 in DUSK tokens as a prize in honor of the upcoming Dusk Block Generator staking launch.

Competition period: from 08/12/2020 3:00 to 08/19/2020 3:00 (Moscow time)

Promotion A: Exclusive Rewards for NEW USERS!
Every user who signs up for a Binance account during the contest period and completes any of the two tasks below will win $ 10 in DUSK tokens. Rewards will be distributed on a first-come, first-served basis to the first 1000 users who qualify. In this case, participants will be sorted by the time of registration of their accounts.
Reach the volume of 3,000 or more DUSK tokens (in purchases and sales) in pairs with DUSK.
Deposit 3,000 or more DUSK tokens to your Binance account from a third-party wallet or exchange.
Promotion B: Trade DUSK - Take part in the $ 70,000 DUSK Token Draw!
The top 30 users, ranked in terms of actual trading volume, will share a prize pool of $ 40,000 in DUSK tokens. Rewards will be divided based on the total trading volume of each user as a share of the total effective trading volume of 30 users during the period.
Calculation of the amount of remuneration:
Reward for each of the top 30 users = (Actual total trading volume of each user / Actual total trading volume of the top 30 users) * USD 40,000 in DUSK.
Bonus:
During the contest, all users with a rating above 30 with an aggregate trading volume (including purchases and sales) of 30,000 DUSK or more will split the prize pool of USD 30,000 in DUSK tokens equally.
Promotion C: Trade DUSK to receive a reward of $ 200 in DUSK Tokens.
Users finishing 99th, 199th, 299th, 399th (and so on up to 9,999) based on DUSK trading volume (including purchases and sales) during the contest period will receive a $ 200 reward USA in DUSK tokens.
Terms and conditions:
If you don't have a Binance account yet, click here to get 10% discount on trading fees. The 10% discount on Spot Trading Commissions will remain in effect for as long as the Binance Referral Program is active. A 10% discount on the inviting party futures trading commission will be valid for 30 days from the date you activate your Binance Futures account.
Suitable trading pairs with DUSK : DUSK / USDT, DUSK / BTC
Members are not eligible for multiple prizes in promotions B and C.
During the contest period, Binance will use the average price of DUSK / USDT trading pairs as the DUSK / USDT exchange rate for distributing rewards.
In the final calculation, the trading volume of the sub- and margin accounts will be combined with the volume on the main accounts. For this competition, each sub-account will not be counted as a separate account.
When calculating the volume of trade, both purchases and sales are taken into account, with the exception of voh-trading.
Binance reserves the right to exclude transactions related to Wash trading made using mass account registrations aimed at manipulating the market, etc.
The awards will be distributed within two weeks of the end of the competition. To view your rewards go to: User Center> Wallet> Distributions.
Binance reserves the right to cancel, change the activity or its rules at its sole discretion.
Risk Warning: Investing in cryptocurrencies carries a high market risk. Binance is not responsible for any direct, indirect, or consequential damages arising from a trading competition. Make your investments with care.
submitted by Grutttt to CryptoAirdrop [link] [comments]

[Part 1] KAVA Historical AMA Tracker! (Questions & Answers)

ATTN: These AMA questions are from Autumn 2019 - before the official launch of the Kava Mainnet, and it's fungible Kava Token.
These questions may no longer be relevant to the current Kava landscape, however, they do provide important historical background on the early origins of Kava Labs.
Please note, that there are several repeat questions/answers.

Q1:

Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Q2:

According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation?

We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

  • Answer: Kava is both inflationary with block rewards, but deflationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Q3:

In your allocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

  • Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.
  • No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q4:

Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

  • Answer: We believe Kava is the foundation for many future defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with each other. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Q5:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer: This is a good #Q . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Q6:

Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

  • Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

Q7:

KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?

  • Answer: Yes, there is no max supply of Kava.

Q8:

Why Kava?

  • Answer: ...because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Q9:

How do you plan to make liquidity in Kava?

  • Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Q10:

Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

  • Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Q11:

How do I become a note validator on KavA?

Q12:

It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

  • Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Q13:

Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

  • Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Q14:

What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

  • Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heading risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

Q15:

Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

  • Answer: With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counterparty. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Q16:

Wonder how KAVA will compete with the tech giants

  • Answer: Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Q17:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.
  • With our multi-collateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.
  • However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between each other using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available.

Q18:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Q19:

Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

  • Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Q20:

The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

  • Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.
  • We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can.

Q21:

Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

  • Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

Q22:

Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?

  • Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.
  • Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets.

Q23:

In order to be success in Loan project of Cryptocurrency, I think marketing is very important to make people using this service without any registration. What is main strategy for marketing?

  • Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Q24:

Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors?

  • Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Q25:

Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

  • Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Q26:

KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

  • Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Q27:

As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs?

  • Answer: Esports no. But having been a multi-time venture-backed foundeCEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Q28:

Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

  • Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Q29:

Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

  • Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Q30:

In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply?

  • Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Q31:

How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing?

  • Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Q32:

How do you explain your project to a random person who has never heard of your project?

  • Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.
  • crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies.

Q33:

Will KAVA team have a plan on implementing DAO module on your platform since its efficiency on autonomy, decentralization and transparency?

  • Answer: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Q34:

how to use usdx token :only for your platform or you have plan to use usdx for payment ?

  • Answer: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Q35:

Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

  • Answer: We are already across many continents - I don't think we are in antarctica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Q36:

Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound?

  • Answer: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Q37:

Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token?

What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

  • Answer: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Q38:

How did Kava get on Piexgo?

  • Answer: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Q39:

Why was the 1st round price so much lower than the current price

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Q40:

What is the treasury used for?

  • Answer: Kava's treasury is for ecosystem growth activities.
  • Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q41:

Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

  • Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn block rewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.
  • When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.
  • KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
  • Lastly, Kava functions as a "Lender of Last Resort" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.

Q42:

No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.)

Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here.

In this regard, please answer the following question: Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

  • Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.

Q43:

Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

  • Answer: Kava is coffee to you.
  • Kava is Hippopotamus to Japanese.
  • Cava is a region in Spain
  • Kava is also a root that is used in tea which makes your mouth numb.
  • Kava is also crow in Hindi.
  • Kava last but not least is a DeFi platform launching on Binance :)
  • We liked the sound of Kava it was as simple as that. It doesn't have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price

Q44:

What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for a small loan?

  • Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.

Q45:

Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

  • Answer: Yes we have several large exchanges willing to support USDX from the start. Binance/Binance-DEX is one you should all know ;)
  • The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.

Q46:

Why should i use and choose Kava's loan if i can use the similar margin trade on Binance?

  • Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.

Q47:

The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.
  • TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be from the overall market conditions or fellow IEO users not due private sale investors or team sell-offs.

Q48:

Can you introduce some information abouts KAVA Deflationary Fee Structure? With the burning mechanism, does it mean KAVA will never reach its max supply?

  • Answer: When loans are repaid, users pay a fee in Kava. This is burned. However, Kava does not have a max supply. It has a starting supply of 100M. It inflates for block rewards 3-20% APR AND it inflates when the system is at risk of under collateralization. At this time, more Kava is minted and used to purchase USDX off the market until it reaches full collateralization again.
  • TLDR: If things go well, and governance is good, Kava deflates and hopefully appreciates in value. If things go wrong, Kava holders get inflated.

Q49:

In your opinion what are advantage of decentralized finance over centralized?

  • Answer: One of the main advantages is not needing to pay the costs of regulation and compliance. Open financial software that is usable by anyone removes middle men fees and reduces the barrier for new entrants to enter and make new products. Also DeFI has an edge in terms of onboarding - to get a bank account or an exchange account you need to do lots of KYC and give private info. That takes time and is troublesome. With DeFi you just load up your funds and transact. Very fast user flows.

Q50:

Plan, KAVA how to raise capital? Kava is being supported by more than 100 business entities around the world, including major cryptocurrency investment funds like Ripple and Cosmos, so what did kava do to convince investors to join the project?

  • Answer: We have been doing crypto research and development for years. Ripple and Cosmos were partners before we even started this blockchain with Kava Labs. When we announced Kava the DeFi platform they knew us already to do good work and they liked the idea so they support us.
submitted by Kava_Mod to KavaUSDX [link] [comments]

HUOBI EXCHANGE REVIEW

ABOUT HUOBI :
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA. This exchange is one of the top 50 cryptocurrency exchanges by trade volume. On the Coingecko chart of exchanges, Huobi Global occupies the third position. The exchange has more than 500 markets and supports over 220 cryptocurrencies. As Huobi provides an option to buy cryptocurrency with fiat money, this exchange is a gateway for people who enter the cryptocurrency world .

FEATURES :
Huobi Global has a really wide range of functions. First off, this exchange provides an opportunity to buy cryptocurrencies with fiat money using a credit card and other payment means. This option is delivered in the over-the-counter trading section (OTC). There is a menu line in the upper part of the website. It begins with "But Crypto". That's where one can see the OTC offerings provided by Huobi. One can buy or sell the following currencies: Bitcoin (BTC), Ether (ETH), Tether (USDT), EOS, XRP, Litecoin (LTC), Huobi Token (HT), Huobi stablecoin (HUSD), and Bitcoin Cash (BCH). Please note, that there are not so many offerings especially for certain currencies. Normally there are many options for buying BTC or USDT. The prices and payment methods vary from one trader to another. You can pay with a credit card, some traders accept payments via Western Union, AliPay, and other services.
There is a cryptocurrency exchange with hundreds of crypto-to-crypto pairs. The exchange supports market, limit and stop-limit orders. It gives traders some control over the situation and helps to secure the assets from trading in loss to some extent. In general, the exchange interface of Huobi is quite generic.
Those who have experience of trading on several other exchanges will find the interface familiar. It has a trading view with a candlestick chart on the left and the list of orders updating in real-time on the right. Under the charts, there is an order history. Under the list of market trades, there is a section where users can place orders. The candlestick chart is powered with numerous analysis tools and indicators.
What makes Huobi Global more attractive for traders is the support of margin trading. In all margin trading pairs the currencies are traded against Tether (USDT). There are 6 cryptocurrencies that can be traded with x3 leverage: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), XRP, Ether (ETH), and EOS.
Huobi Global is aimed to provide service both to small investors and institutional traders. That's the reason why the platform offers institutional accounts with special opportunities for corporate customers. Among these features, there are colocation options and other tools that provide the opportunity of seamless high-frequency trading. Additionally, institutional accounts can get special OTC loans.
One more feature is trading derivatives. Huobi provides two separate interfaces for that purpose: Swap trading and Futures trading platforms on Huobi DM. Moreover, it is possible to participate in IEO trading via the Huobi exchange. This feature requires the use of the Huobi Token.

ASSETS AND INSTRUMENTS:
As mentioned, there are two types of instruments that you can trade on the Huobi derivatives platform. These are your traditional futures as well as the perpetual swaps or futures.
With these instruments, you are trading crypto on margin. This means that they are leveraged and your exposure is often many multiples of the amount that you have put down as collateral.
Now that we have a brief understanding of leverage, let’s take a look at the instruments on offer at the Huobi exchange.
Futures are instruments that allow the holder to buy or sell some asset in the future. Essentially, you are trading some future price of the instrument on the chose delivery date. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. When it comes to the specifics of the contract, they differ according to which asset is being traded. You should also take a look into the contract specifics in the Huobi docs. This includes such information as the index reference for the prices as well as your last trading price. The latter can only be done up till 10 minutes before the expiry.
Perpetual swaps are leveraged instruments that do not have have a delivery date. They are marked to market everyday and settle 3 times a day. They are sometimes also called “perpetual futures” at other exchanges.
The reason that they are called “Swaps” at Huobi Derivatives is because you are swapping the returns of one asset for the returns of another. Here, you are swapping crypto returns for returns on the US dollar.
At Huobi DM, the Perpetual swaps have leverage up to 125x and they are written on 5 different assets. These are Bitcoin and Ethereum with other coins to be added soon.

HUOBI APPS:
Huobi mobile app for iOS and Android are available. Similarly, the Huobi mobile app features most of the functionalities available on the web platform also. You can even complete tasks like account registration and verification directly via the app. In Google Play, the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews.

API :
For those of you who are programmers, you will be happy to learn that Huobi global API can be used on the Futures and Swap markets.
There is both a websocket as well as a REST version available. It is suggested that you use the REST for one off operation to trade and withdraw. You should use the websocket for market data & order updates. You should also note that you can be a market maker on through the API.
If you want to start using the API then you will to get yourself an API key. This can easily be done in the API management of your account dashboard. Here you can select whether you would like it to be a read-only, Withdraw or Trade. You can also bind an IP address to this API so you can ensure than no other person will use your account even if compromised.

HUOBI FEES :
Huobi has a 0.2 % fee that applies to both market makers and takers for amounts between $0 and $5,000,000 over the course of a 30-day period. In comparison, other top exchanges like Binance have 0.1 percent fees. Actually, it has a fair trading fees structure and easy to remember also. Meanwhile, GDAX has 0.3 percent fees.
In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher-volume traders. This is relatively competitive when compared to other exchanges. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. This involves paying a monthly payment of HT, which varies depending on the membership level (1-5).
Like most exchanges, Huobi has no fees on deposits. However, Huobi does have withdrawal fees minimums that vary from coin-to-coin. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC. For Tether (USDT), the flat fee is 5 USDT. And the minimum withdrawal amount is 20 USDT. Overall, the meaning- Huobi fees are generally higher than most exchanges for lower withdrawal amounts. A few exceptions exist. For example, TUSD has a withdrawal minimum of $20 but a withdrawal fee of only $2.

IS IT TRUSTWORTHY?
In contrast to other exchanges, Huobi receives a favorable score. First of all, it is incorporated and operated from Singapore. As we all know crypto regulations are advanced there. And promote blockchain startups always. Second, Huobi does provide users with multiple ways to safeguard their accounts. Although it is not enough. Essentially, 2-factor authentication is available using both SMS and authenticator apps. The platform does not require any special confirmation if the account is logged into from an unfamiliar IP address or location. There is no option to whitelist addresses for asset withdrawal, allowing funds to be sent to any address input. Furthermore, Huobi was never hacked. Even though they do present a lucrative target for attackers. Meaning, Huobi has adopted a decentralized exchange structure, which helps to resist DDOS attacks. And we believe the exchange takes these threats seriously and does everything in their power to protect the exchange from hackers. Also, Huobi does store user funds in cold storage to restrict access to them. Actually, the exchange stores around 98 percent of funds in cold wallets.

SUPPORT :
Something else that is crucial to the entire trading experience is the level of support that the exchange provides. There is nothing more frustrating than having to wait hours for response from support.
When it comes to Huobi, there are actually quite a few options to reach their customer support. Perhaps the quickest and most effective way is through their live chat function. Firstly, they will try to help you with the available resources. If that does not work then you can reach out to a live agent.

CONCLUSION:
So, in summary. We really liked the Huobi futures products. It is not only highly functional but is also secure and leverags the expertise that the team have at the main Huobi exchange.
For the futures instruments, there is a decent range of assets and leverage. Markets are also pretty liquid and these are all traded on a simplistic yet technically able trading platform. It’s also great that you can trade on PC programs and mobile apps as well.
When it comes to security, they have taken all of the same precautions that are used on the main exchange. Their 20,000 BTC strong insurance fund keeps them well protected and they have not had a single clawback of trader funds since their inception.
Yes, there are areas for improvement but the exchanges is still evolving and building out functionality. One can only hope that they take trader suggestions into account.
So then, is it worth considering?
Well, if you are looking for a highly functional and secure futures exchange that is backed by one of the biggest names in the business, then it is well worth a try.

Huobi Website: https://www.huobi.com/en-us/topic/invited/?invite_code=czdh5
UID: 138138177
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by sreenthepotato to u/sreenthepotato [link] [comments]

Signs that the Bears are going into hibernation

Signs of bears going to sleep

1 Will not increase the price of coins. This will promote price discovery and decrease overall volatility.
I reckon the market will bottom out sometime between now and end of April. I'm keeping fiat ready to invest heavily when the reversal begins.

What do you think?

submitted by enozym111 to CryptoCurrency [link] [comments]

Waste of time on the Personal Verification process

I've been a Binance user for over a year now (and I have about 20 BNB) and, since margin trading was introduced, I decided to do the Personal Verification. One of the first things that was asked was for my address including country. Then I uploaded front and back of my ID, photo of my face, and also went through the facial recognition process. Later, I get an email stating "Persons that are located in or a resident of the United States of America will be unable to verify identidy at Binance.com." Really? I put that my address was a USA address at the very beginning. Why make me go through the rest of the process? I almost feel like they were just gathering information on me.
submitted by tballz16 to binance [link] [comments]

Daily analysis of cryptocurrencies 20191012(Market index 38 — Fear state)

Daily analysis of cryptocurrencies 20191012(Market index 38 — Fear state)

https://preview.redd.it/gpswfk9ld3s31.png?width=960&format=png&auto=webp&s=afeb6dfb7babcd9c8df403e2120e265020250988

DEWA Inks Deal With Alibaba For Blockchain And IoT Dubai Electricity and Water Authority (DEWA) said it has signed a MoU with Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group as part of the utility’s ongoing efforts to enhance its digital services.
Swedish Government Auctions Cryptocurrency Again The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Kronofogden first auctioned Bitcoins it had in its custody about two years ago, when the highest bid was placed at 43,000 Swedish krona.
US And China Agree ‘Phase 1’ Trade Deal; Trump Suspends October Tariff Hike The United States and China agreed on Oct 11 to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and more work was required to get it finalised. The real-time exchange rate between USD and RMB is 7.0892 currently.
David Marcus: Respect Visa And Mastercard’s Decision To Wait For Regulatory Clarity For Libra To Proceed After several companies announced their withdrawal from cryptocurrency Libra’s management association lead by Facebook, Libra project leader David Marcus said on Twitter, “Special thanks to @Visa and @Mastercardfor sticking it out until the 11th hour. The pressure has been intense (understatement), and I respect their decision to wait until there’s regulatory clarity for @Libra_to proceed, vs. the invoked threats (by many) on their biz.” He also added, “I would caution against reading the fate of Libra into this update. Of course, it’s not great news in the short term, but in a way it’s liberating. Stay tuned for more very soon. Change of this magnitude is hard. You know you’re on to something when so much pressure builds up.”
SEC, CFTC, FinCEN Warn Crypto Industry To Follow US Banking Laws The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday. The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th. BLAST (BLAST): 12 October 2019 (or earlier) Masternode & Assets “Masternode functionality and versionbits signalling for Assets will become active on the BLAST network at block height 1710000.” Pundi X (NPXS): and 1 other 12 October 2019 Token Removal “The next token removal will take place on the second Saturday of October OKEX OKToken: 12 October 2019 Global Mining Summit “We’re bringing together the global leaders who are shaping the crypto mining industry today. Attendance is limited to 300 invited guests.” Bitcoin Fast (BTCF): 12 October 2019 Staking Announcement Details about staking BTCF will be shared.

Encrypted project calendar(October 13, 2019)

LINK/ChainLink: ChainLink (LINK) will be held in Tokyo on October 13th by a collaboration between QuarkChain, bitgrit, Chainlink and Vechain. Veros (VRS): 14 October 2019 Launch of News Service “Launch of the VEROS NEWS service.”

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th. Veros (VRS): 14 October 2019 Launch of News Service “Launch of the VEROS NEWS service.”

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th. OTOCASH (OTO): 15 October 2019 Escodex Shutdown “ All OTO HOLDERs who have assets on ESCODEX EXCHANGE to immediately withdraw your assets before October 15th, 2019 4:00 PM” (CRYPTO): 15 October 2019 Hard Fork Summit Hard Fork Summit 2019 by TNW . “Where finance and business meets tech.” Amsterdam, October 15–17. Cardano (ADA): 15 October 2019 NYC Meetup “Next week on October 15th Nathan Kaiser, Chairperson of the Cardano Foundation, will be in attendance to meet community members in NYC FunFair (FUN): 15 October 2019 Marketing AMA “The FunFair Marketing AMA… will be held on Tuesday the 15th of October at 2pm in the Live team chat channel on Discord Ark (ARK): 15 October 2019 ARK Core v2.6 on Devnet “We are very excited to announce #ARK Core v2.6 will be launching on #Devnet, October 15th, 2019! “ DigiByte (DGB): 15 October 2019 BitMart Listing DigiByte (DGB) will be listed on BitMart Exchange on October 15, 2019. The following trading pair will be available: DGB/BTC. ThoreNext (THX): 15 October 2019 Staking Goes Live “Staking live from 15 OCT 2019.”

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.” IoTeX (IOTX): 16 October 2019 Mainet Beta “The next evolution of IoTeX blockchain, secure IoT hardware, and decentralized identity is coming October 16 — mark your calendars.” Selfkey (KEY): 16 October 2019 Corporate Wallet Release “Soon, wallet users will be able to manage corporate profiles and identity attributes.” Cardano (ADA): 16 October 2019 Washington D.C. Meetup “Nathan Kaiser, Chairperson of the Cardano Foundation, will join the community in Washington DC on Oct 16, and talk about the recent

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM. Horizen (ZEN): 17 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

At the time of writing, Bitcoin is trading down marginally at its current price of $8,250 which marks a slight retrace from its daily highs of $8,445. Ever since BTC bounced from its support level at $8,600, the cryptocurrency has been facing a bout of consolidation after its upwards momentum stalled, which may mean that its bulls do not have enough strength at the moment to push the cryptocurrency higher.
Review previous articles: https://medium.com/@to.liuwen

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Trading Cryptocurrency Markets

Hello! My name is Slava Mikhalkin, I am a Project Owner of Crowdsale platform at Platinum, the company that knows how to start any ICO or STO in 2019.
If you want to avoid headaches with launching process, we can help you with ICO and STO advertising and promotion. See the full list of our services: Platinum.fund
I am also happy to be a part of the UBAI, the first educational institution providing the most effective online education on blockchain! We can teach you how to do ICO/STO in 2019. Today I want to tell you how to sell and transfer cryptocurrencies.
Major Exchanges
In finance, an exchange is a forum or platform for trading commodities, derivatives, securities or other financial instruments. The principle concern of an exchange is to allow trading between parties to take place in a fair and legally compliant manner, as well as to ensure that pricing information for any instrument traded on the exchange is reliable and coherently delivered to exchange participants. In the cryptocurrency space exchanges are online platforms that allow users to trade cryptocurrencies or digital currencies for fiat money or other cryptocurrencies. They can be centralized exchanges such a Binance, or decentralized exchanges such as IDEX. Most cryptocurrency exchanges allow users to trade different crypto assets with BTC or ETH after having already exchanged fiat currency for one of those cryptocurrencies. Coinbase and Kraken are the main avenue for fiat money to enter into the cryptocurrency ecosystem.
Function and History
Crypto exchanges can be market-makers that take bid/ask spreads as a commission on the transaction for facilitating the trade, or more often charge a small percentage fee for operating the forum in which the trade was made. Most crypto exchanges operate outside of Western countries, enabling them to avoid stringent financial regulations and the potential for costly and lengthy legal proceedings. These entities will often maintain bank accounts in multiple jurisdictions, allowing the exchange to accept fiat currency and process transactions from customers all over the globe.
The concept of a digital asset exchange has been around since the late 2000s and the following initial attempts at running digital asset exchanges foreshadows the trouble involved in attempting to disrupt the operation of the fiat currency baking system. The trading of digital or electronic assets predate Bitcoin’s creation by several years, with the first electronic trading entities running afoul of the Australian Securities and Investments Commission (ASIC) in late 2004. Companies such as Goldex, SydneyGoldSales, and Ozzigold, shut down voluntarily after ASIC found that they were operating without an Australian Financial Services License. E-Gold, which exchanged fiat USD for grams of precious metals in digital form, was possibly the first digital currency exchange as we know it, allowing users to make instant transfers to the accounts of other E-Gold members. At its peak in 2006 E-Gold processed $2 billion worth of transactions and boasted a user base of over 5 million people.
Popular Exchanges
Here we will give a brief overview of the features and operational history of the more popular and higher volume exchanges because these are the platforms to which newer traders will be exposed. These exchanges are recommended to use because they are the industry standard and they inspire the most confidence.
Bitfinex
Owned and operated by iFinex Inc, the cryptocurrency trading platform Bitfinex was the largest Bitcoin exchange on the planet until late 2017. Headquartered in Hong Kong and based in the US Virgin Island, Bitfinex was one of the first exchanges to offer leveraged trading (“Margin trading allows a trader to open a position with leverage. For example — we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1”) and also pioneered the use of the somewhat controversial, so-called “stable coin” Tether (USDT).
Binance
Binance is an international multi-language cryptocurrency exchange that rose from the mid-rank of cryptocurrency exchanges to become the market dominating behemoth we see today. At the height of the late 2017/early 2018 bull run, Binance was adding around 2 million new users per week! The exchange had to temporarily disallow new registrations because its servers simply could not keep up with that volume of business. After the temporary ban on new users was lifted the exchange added 240,000 new accounts within two hours.
Have you ever thought whats the role of the cypto exchanges? The answer is simple! There are several different types of exchanges that cater to different needs within the ecosystem, but their functions can be described by one or more of the following: To allow users to convert fiat currency into cryptocurrency. To trade BTC or ETH for alt coins. To facilitate the setting of prices for all crypto assets through an auction market mechanism. Simply put, you can either mine cryptocurrencies or purchase them, and seeing as the mining process requires the purchase of expensive mining equipment, Cryptocurrency exchanges can be loosely grouped into one of the 3 following exchange types, each with a slightly different role or combination of roles.
Have you ever thought about what are the types of Crypto exchanges?
  1. Traditional Cryptocurrency Exchange: These are the type that most closely mimic traditional stock exchanges where buyers and sellers trade at the current market price of whichever asset they want, with the exchange acting as the intermediary and charging a small fee for facilitating the trade. Kraken and GDAX are examples of this kind of cryptocurrency exchange. Fully peer-to-peer exchanges that operate without a middleman include EtherDelta, and IDEX, which are also examples of decentralized exchanges.
  2. Cryptocurrency Brokers: These are website or app based exchanges that act like a Travelex or other bureau-de-change. They allow customers to buy or sell crypto assets at a price set by the broker (usually market price plus a small premium). Coinbase is an example of this kind of exchange.
  3. Direct Trading Platform: These platforms offer direct peer-to-peer trading between buyers and sellers, but don’t use an exchange platform in doing so. These types of exchanges do not use a set market rate; rather, sellers set their own rates. This is a highly risky form of trading, from which new users should shy away.
To understand how an exchange functions we need only look as far as a traditional stock exchange. Most all the features of a cryptocurrency exchange are analogous to features of trading on a traditional stock exchange. In the simplest terms, the exchanges fulfil their role as the main marketplace for crypto assets of all kinds by catering to buyers or sellers. These are some definitions for the basic functions and features to know: Market Orders: Orders that are executed instantly at the current market price. Limit Order: This is an order that will only be executed if and when the price has risen to or dropped to that price specified by the trader and is also within the specified period of time. Transaction fees: Exchanges will charge transactions fees, usually levied on both the buyer and the seller, but sometimes only the seller is charged a fee. Fees vary on different exchanges though the norm is usually below 0.75%. Transfer charges: The exchange is in effect acting as a sort of escrow agent, to ensure there is no foul play, so it might also charge a small fee when you want to withdraw cryptocurrency to your own wallet.
Regulatory Environment and Evolution
Cryptocurrency has come a long way since the closing down of the Silk Road darknet market. The idea of crypto currency being primarily for criminals, has largely been seen as totally inaccurate and outdated. In this section we focus on the developing regulations surrounding the cryptocurrency asset class by region, and we also look at what the future may hold.
The United States of America
A coherent uniform approach at Federal or State level has yet to be implemented in the United States. The Financial Crimes Enforcement Network published guidelines as early as 2013 suggesting that BTC and other cryptos may fall under the label of “money transmitters” and thus would be required to take part in the same Anti-money Laundering (AML) and Know your Client (KYC) procedures as other money service businesses. At the state level, Texas applies its existing finance laws. And New York has instituted an entirely new licensing system.
The European Union
The EU’s approach to cryptocurrency has generally been far more accommodating overall than the United States, partly due to the adaptable nature of pre-existing laws governing electronic money that predated the creation of Bitcoin. As with the USA, the EU’s main fear is money laundering and criminality. The European Central Bank (ECB) categorized BTC as a “convertible decentralized currency” and advised all central banks in the EU to refrain from trading any cryptocurrencies until the proper regulatory framework was put in place. A task force was then set up by the European Parliament in order to prevent and investigate any potential money laundering that was making use of the new technology.
Likely future regulations for cryptocurrency traders within the European Union and North America will probably consist of the following proposals: The initiation of full KYC procedures so that users cannot remain fully anonymous, in order to prevent tax evasion and curtail money laundering. Caps on payments that can be made in cryptocurrency, similar to caps on traditional cash transactions. A set of rules governing tax obligations regarding cryptocurrencies Regulation by the ECB of any companies that offer exchanges between cryptocurrencies and fiat currencies It is less likely for other countries to follow the Chinese approach and completely ban certain aspects of cryptocurrency trading. It is widely considered more progressive and wiser to allow the technology to grow within a balanced accommodative regulatory framework that takes all interests and factors into consideration. It is probable that the most severe form of regulation will be the formation of new governmental bodies specifically to form laws and exercise regulatory control over the cryptocurrency space. But perhaps that is easier said than done. It may, in certain cases, be incredibly difficult to implement particular regulations due to the anonymous and decentralized nature of crypto.
Behavior of Cryptocurrency Investors by Demographic
Due to the fact that cryptocurrency has its roots firmly planted in the cryptography community, the vast majority of early adopters are representative of that group. In this section we cover the basic structure of the cryptocurrency market cycle and the makeup of the community at large, as well as the reasons behind different trading decisions.
The Cryptocurrency Market Cycle
Bitcoin leads the bull rally. FOMO (Fear of missing out) occurs, the price surge is a constant topic of mainstream news, business programs cover the story, and social media is abuzz with cryptocurrency chatter. Bitcoin reaches new All Timehigh (ATH) Market euphoria is fueled with even more hype and the cycle is in full force. There is a constant stream of news articles and commentary on the meteoric, seemingly unstoppable rise of Bitcoin. Bitcoin’s price “stabilizes”, In the 2017 bull run this was at or around $14,000. A number of solid, large market cap altcoins rise along with Bitcoin; ETH & LTC leading the altcoins at this time. FOMO comes into play, as the new ATH in market cap is reached by pumping of a huge number of alt coins.
Top altcoins “somewhat” stabilize, after reaching new all-time highs. The frenzy continues with crypto success stories, notable figures and famous people in the news. A majority of lesser known cryptocurrencies follow along on the upward momentum. Newcomers are drawn deeper into crypto and sign up for exchanges other than the main entry points like Coinbase and Kraken. In 2017 this saw Binance inundated with new registrations. Some of the cheapest coins are subject to massive pumping, such as Tron TRX which saw a rise in market cap from $150 million at the start of December 2017 to a peak of $16 billion! At this stage, even dead coins or known scams will get pumped. The price of the majority of cryptocurrencies stabilize, and some begin to retract. When the hype is subsiding after a huge crypto bull run, it is a massive sell signal. Traditional investors will begin to give interviews about how people need to be careful putting money into such a highly volatile asset class. Massive violent correction begins and the market starts to collapse. BTC begins to fall consistently on a daily basis, wiping out the insane gains of many medium to small cap cryptos with it. Panic selling sweeps through the market. Depression sets in, both in the markets, and in the minds of individual investors who failed to take profits, or heed the signs of imminent collapse. The price stagnation can last for months, or even years.
The Influence of Age upon Trading
Did you know? Cryptocurrencies have been called “stocks for millennials” According to a survey conducted by the Global Blockchain Business Council, only 5% of the American public own any bitcoin, but of those that do, an overwhelming majority of 71% are men, 58% of them are between the ages of 18 and 35, and over half of them are minorities. The same survey gauged public attitude toward the high risk/high return nature of cryptocurrency, in comparison to more secure guaranteed small percentage gains offered by government bonds or stocks, and found that 30% would rather invest $1,000 in crypto. Over 42% of millennials were aware of cryptocurrencies as opposed to only 15% of those ages 65 and over. In George M. Korniotis and Alok Kumar’s study into the effects of aging on portfolio management and the quality of decisions made by older investors, they found “that older and experienced investors are more likely to follow “rules of thumb” that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated and earn lower income.”
Geographic Influence upon Trading
One of the main drivers of the apparent seasonal ebb and flow of cryptocurrency prices is the tax situation in the various territories that have the highest concentrations of cryptocurrency holders. Every year we see an overall market pull back beginning in mid to late January, with a recovery beginning usually after April. This is because “Tax Season” is roughly the same across Europe and the United States, with the deadline for Income tax returns being April 15th in the United States, and the tax year officially ending the UK on the 6th of April. All capital gains must be declared before the window closes or an American trader will face the powerful and long arm of the IRS with the consequent legal proceedings and possible jail time. Capital gains taxes around the world vary from jurisdiction to jurisdiction but there are often incentives for cryptocurrency holders to refrain from trading for over a year to qualify their profits as long term gain when they finally sell. In the US and Australia, for example, capital gains are reduced if you bought cryptocurrency for investment purposes and held it for over a year. In Germany if crypto assets are held for over a year then the gains derived from their sale are not taxed. Advantages like this apply to individual tax returns, on a case by case basis, and it is up to the investor to keep up to date with the tax codes of the territory in which they reside.
2013 Bull run vs 2017 Bull run price Analysis
In late 2016 cryptocurrency traders were faced with the task of distinguishing between the beginnings of a genuine bull run and what might colorfully be called a “dead cat bounce” (in traditional market terminology). Stagnation had gripped the market since the pull-back of early 2014. The meteoric rise of Bitcoin’s price in 2013 peaked with a price of $1,100 in November 2013, after a year of fantastic news on the adoption front with both Microsoft and PayPal offering BTC payment options. It is easy to look at a line going up on a chart and speak after the fact, but at the time, it is exceeding difficult to say whether the cat is actually climbing up the wall, or just bouncing off the ground. Here, we will discuss the factors that gave savvy investors clues as to why the 2017 bull run was going to outstrip the 2013 rally. Hopefully this will help give insight into how to differentiate between the signs of a small price increase and the start of a full scale bull run. Most importantly, Volume was far higher in 2017. As we can see in the graphic below, the 2017 volume far exceeds the volume of BTC trading during the 2013 price increase. The stranglehold MtGox held on trading made a huge bull run very difficult and unlikely.
Fraud & Immoral Activity in the Private Market
Ponzi Schemes Cryptocurrency Ponzi schemes will be covered in greater detail in Lesson 7, but we need to get a quick overview of the main features of Ponzi schemes and how to spot them at this point in our discussion. Here are some key indicators of a Ponzi scheme, both in cryptocurrencies and traditional investments: A guaranteed promise of high returns with little risk. Consistentflow of returns regardless of market conditions. Investments that have not been registered with the Securities and Exchange Commission (SEC). Investment strategies that are a secret, or described as too complex. Clients not allowed to view official paperwork for their investment. Clients have difficulties trying to get their money back. The initial members of the scheme, most likely unbeknownst to the later investors, are paid their “dividends” or “profits” with new investor cash. The most famous modern-day example of a Ponzi scheme in the traditional world, is Bernie Madoff’s $100 billion fraudulent enterprise, officially titled Bernard L. Madoff Investment Securities LLC. And in the crypto world, BitConnect is the most infamous case of an entirely fraudulent project which boasted a market cap of $2 billion at its peak.
What are the Exchange Hacks?
The history of cryptocurrency is littered with examples of hacked exchanges, some of them so severe that the operation had to be wound up forever. As we have already discussed, incredibly tech savvy and intelligent computer hackers led by Alexander Vinnik stole 850000 BTC from the MtGox exchange over a period from 2012–2014 resulting in the collapse of the exchange and a near-crippling hammer blow to the emerging asset class that is still being felt to this day. The BitGrail exchange suffered a similar style of attack in late 2017 and early 2018, in which Nano (XRB) was stolen that was at one point was worth almost $195 million. Even Bitfinex, one of the most famous and prestigious exchanges, has suffered a hack in 2016 where $72 million worth of BTC was stolen directly from customer accounts.
Hardware Wallet Scam Case Study
In late 2017, an unfortunate character on Reddit, going by the name of “moody rocket” relayed his story of an intricate scam in which his newly acquired hardware wallet was compromised, and his $34,000 life savings were stolen. He bought a second hand Nano ledger into which the scammers own recover seed had already been inserted. He began using the ledger without knowing that the default seed being used was not a randomly assigned seed. After a few weeks the scammer struck, and withdrew all the poor HODLer’s XRP, Dash and Litecoin into their own wallet (likely through a few intermediary wallets to lessen the very slim chances of being identified).
Hardware Wallet Scam Case Study Social Media Fraud
Many gullible and hapless twitter users have fallen victim to the recent phenomenon of scammers using a combination of convincing fake celebrity twitter profiles and numerous amounts of bots to swindle them of ETH or BTC. The scammers would set up a profile with a near identical handle to a famous figure in the tech sphere, such as Vitalik Buterin or Elon Musk. And then in the tweet, immediately following a genuine message, follow up with a variation of “Bonus give away for the next 100 lucky people, send me 0.1 ETH and I will send you 1 ETH back”, followed by the scammers ether wallet address. The next 20 or so responses will be so-called sockpuppet bots, thanking the fake account for their generosity. Thus, the pot is baited and the scammers can expect to receive potentially hundreds of donations of 0.1 Ether into their wallet. Many twitter users with a large follower base such as Vitalik Buterin have taken to adding “Not giving away ETH” to their username to save careless users from being scammed.
Market Manipulation
It also must be recognized that market manipulation is taking place in cryptocurrency. For those with the financial means i.e. whales, there are many ways in which to control the market in a totally immoral and underhanded way for your own profit. It is especially easy to manipulate cryptos that have a very low trading volume. The manipulator places large buy orders or sell walls to discourage price action in one way or the other. Insider trading is also a significant problem in cryptocurrency, as we saw with the example of blatant insider trading when Bitcoin Cash was listed on Coinbase.
Examples of ICO Fraudulent Company Behavior
In the past 2 years an astronomical amount of money has been lost in fraudulent Initial Coin Offerings. The utmost care and attention must be employed before you invest. We will cover this area in greater detail with a whole lesson devoted to the topic. However, at this point, it is useful to look at the main instances of ICO fraud. Among recent instances of fraudulent ICOs resulting in exit scams, 2 of the most infamous are the Benebit and PlexCoin ICOs which raised $4 million for the former and $15 million for the latter. Perhaps the most brazen and damaging ICO scam of all time was the Vietnamese Pincoin ICO operation, where $660million was raised from 32,000 investors before the scammer disappeared with the funds. In case of smaller ICO “exit scamming” there is usually zero chance of the scammers being found. Investors must just take the hit. We will cover these as well as others in Lesson 7 “Scam Projects”.
Signposts of Fraudulent Actors
The following factors are considered red flags when investigating a certain project or ICO, and all of them should be considered when deciding whether or not you want to invest. Whitepaper is a buzzword Salad: If the whitepaper is nothing more than a collection of buzzwords with little clarity of purpose and not much discussion of the tech involved, it is overwhelmingly likely you are reading a scam whitepaper.
Signposts of Fraudulent Actors §2
No Code Repository: With the vast majority of cryptocurrency projects employing open source code, your due diligence investigation should start at GitHub or Sourceforge. If the project has no entries, or nothing but cloned code, you should avoid it at all costs. Anonymous Team: If the team members are hard to find, or if you see they are exaggerating or lying about their experience, you should steer clear. And do not forget, in addition to taking proper precautions when investing in ICOs, you must always make sure that you are visiting authentic web pages, especially for web wallets. If, for example, you are on a spoof MyEtherWallet web page you could divulge your private key without realizing it and have your entire portfolio of Ether and ERC-20 tokens cleaned out.
Methods to Avoid falling Victim
Avoiding scammers and the traps they set for you is all about asking yourself the right questions, starting with: Is there a need for a Blockchain solution for the particular problem that a particular ICO is attempting to solve? The existing solution may be less costly, less time consuming, and more effective than the proposals of a team attempting to fill up their soft cap in an ICO. The following quote from Mihai Ivascu, the CEO of Modex, should be kept in mind every time you are grading an ICO’s chances of success: “I’m pretty sure that 95% of ICOswill not last, and many will go bankrupt. ….. not everything needs to be decentralized and put on an open source ledger.”
Methods to Avoid falling Victim §2 Do I Trust These People with My Money, or Not?
If you continue to feel uneasy about investing in the project, more due diligence is needed. The developers must be qualified and competent enough to complete the objectives that they have set out in the whitepaper.
Is this too good to be true?
All victims of the well-known social media scams using fake profiles of Vitalik Buterin, or Bitconnect investors for that matter, should have asked themselves this simple question, and their investment would have been saved. In the case of Bitconnect, huge guaranteed gains proportional to the amount of people you can get to sign up was a blatant pyramid scheme, obviously too good to be true. The same goes for Fake Vitalik’s offer of 1 ether in exchange for 0.1 ETH.
Selling Cryptocurrencies, Several reasons for selling with the appropriate actions to take:
If you are selling to buy into an ICO, or maybe believe Ether is a safer currency to hold for a certain period of time, it is likely you will want to make use of the Ether pair and receive Ether in return. Obviously if the ICO is on the NEO or WANchain blockchain for example, you will use the appropriate pair. -Trading to buy into another promising project that is listing on the exchange on which you are selling (or you think the exchange will experience a large amount of volume and become a larger exchange), you may want to trade your cryptocurrency for that exchange token. -If you believe that BTC stands a good chance of experiencing a bull run then using the BTC trading pair is the suitable choice. -If you believe that the market is about to experience a correction but you do not want to take your gains out of the market yet, selling for Tether or “tethering up” is the best play. This allows you to keep your locked-in profits on the exchange, unaffected by the price movements in the cryptocurrency markets,so that you can buy back in at the most profitable moment. -If you wish to “cash out” i.e. sell your cryptocurrency for fiat currency and have those funds in your bank account, the best pair to use is ETH or BTC because you will likely have to transfer to an exchange like Kraken or Coinbase to convert them into fiat. If the exchange offers Litecoin or Bitcoin Cash pairs it could be a good idea to use these for their fast transaction time and low fees.
Selling Cryptocurrencies
Knowing when and how to sell, as well as strategies to inflate the value of your trade before sale, are important skills as a trader of any product or financial instrument. If you are satisfied that the sale itself of the particular amount of a token or coin you are trading away is the right one, then you must decide at what price you are going to sell. Exchanges exercise their own discretion as to which trading “pairs” they will offer, but the most common ones are BTC, ETH, BNB for Binance, BIX for Bibox etc., and sometimes Tether (USDT) or NEO. As a trader, you decide which particular cryptocurrency to exchange depending on your reason for making that specific trade at that time.
Methods of Sale
Market sell/Limit sell on exchange: A limit sell is an order placed on an exchange to sell as soon as (also specifically only if and when) the price you specified has been hit within the time limit you select. A market order executes the sale immediately at the best possible price offered by the market at that exact time. OTC (or Over the Counter) selling refers to sale of securities or cryptocurrencies in any method without using an exchange to intermediate the trade and set the price. The most common way of conducting sales in this manner is through LocalBitcoins.com. This method of cryptocurrency selling is far riskier than using an exchange, for obvious reasons.
The influence and value of your Trade
There are a number of strategies you can use to appreciate the value of your trade and thus increase the Bitcoin or Ether value of your portfolio. It is important to disassociate yourself from the dollar value of your portfolio early on in your cryptocurrency trading career simply because the crypto market is so volatile you will end up pulling your hair out in frustration following the real dollar money value of your holdings. Once your funds have been converted into BTC and ETH they are completely in the crypto sphere. (Some crypto investors find it more appropriate to monitor the value of their portfolio in satoshi or gwei.) Certainly not limited to, but especially good for beginners, the most reliable way to increase your trading profits, and thus the overall value and health of your portfolio, is to buy into promising projects, hold them for 6 months to a year, and then reevaluate. This is called Long term holding and is the tactic that served Bitcoin HODLers quite well, from 2013 to the present day. Obviously, if something comes to light about the project that indicates a lengthy set back is likely, it is often better to cut your losses and sell. You are better off starting over and researching other projects. Also, you should set initial Price Points at which you first take out your original investment, and then later, at which you take out all your profits and exit the project. That should be after you believe the potential for growth has been exhausted for that particular project.
Another method of increasing the value of your trades is ICO flipping. This is the exact opposite of long term holding. This is a technique in which you aim for fast profits taking advantage of initial enthusiasm in the market that may double or triple the value of ICO projects when they first come to market. This method requires some experience using smaller exchanges like IDEX, on which project tokens can be bought and sold before listing on mainstream exchanges. “Tethering up” means to exchange tokens or coins for the USDT stable coin, the value of which is tethered to the US Dollar. If you learn, or know how to use, technical analysis, it is possible to predict when a market retreatment is likely by looking at the price movements of BTC. If you decide a market pull back is likely, you can tether up and maintain the dollar value of your portfolio in tether while other tokens and coins decrease in value. The you wait for an opportune moment to reenter the market.
Market Behavior in Different Time Periods
The main descriptors used for overall market sentiment are “Bull Market” and “Bear Market”. The former describes a market where people are buying on optimism. The latter describes a market where people are selling on pessimism. Fun (or maybe not) fact: The California grizzly bear was brought to extinction by the love of bear baiting as a sport in the mid 1800s. Bears were highly sought after for their intrinsic fighting qualities, and were forced into fighting bulls as Sunday morning entertainment for Californians. What has this got to do with trading and financial markets? The downward swipe of the bear’s paws gives a “Bear market” its name and the upward thrust of a Bull’s horns give the “Bull Market” its name. Most unfortunately for traders, the bear won over 80% of the bouts. During a Bull market, optimism can sometimes grow to be seemingly boundless, volume is rising, and prices are ascending. It can be a good idea to sell or rebalance your portfolio at such a time, especially if you have a particularly large position in one holding or another. This is especially applicable if you need to sell a large amount of a relatively low-volume holding, because you can then do so without dragging the price down by the large size of your own sell order.
Learn more on common behavioral patterns observed so far in the cryptocurrency space for different coins and ICO tokens.
Follow the link:
UBAI.co
If you want to know how do security tokens work, and become a professional in crypto world contact me via Facebook to get all the details:
Facebook
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

Binance ($BNB) from 0 to 3.6M visitors in 3 months! Buy the panic sell the recovery!

Just thought I'd make an interesting observation in regards to the recent China ICO ban, which resulted in a $BNB dump...
As CZ (CEO of Binance) has been mentioned, China currently only makes up approximately 20% of the visits to Binance.com according to SimilarWeb (come from an internet marketing background and this tool is pretty accurate, I prefer it to Alexa)
USA also has 20% and the rest of the world makes up the remaining 60%. But what I find most interesting is that Binance.com only launched end of June with 48 000 visitors, July it got 212 000 visitors and in August, a whopping 3.6 Million visitors.
If we look at Coinmarketcap, Binance has hit the top 10 for exchanges now and then, but recently dropped to 18th in terms of total trade volume. Let's compare it with the top 2:
Binance ($63,152,336) (August, 3.6 Million visitors) Bithumb ($910,960,300) (August 5.4 Million visitors) Bitfinex ($608,063,016) (August 12 Million visitors)
From the above, you can see although Binance has had explosive growth (internationally) and is just getting started in terms of increasing their users & volumes and has done extremely well from only 2 months of actual trading. Some other things to consider:
Another thing to keep in mind, the Chinese are no foreigners to VPN's, so many traders will probably be sticking around...
submitted by Yohjono to binance [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 30

SWISSBORG´S DAILY INSIDER - WEEK 30
https://preview.redd.it/2o6fzgk13vb11.png?width=1000&format=png&auto=webp&s=9ff61771588340c89bf7a946112beadb4f5443d1

DON'T MISS OUT ON THE NEWS!

Want to stay updated on the most current news, market trends, and analysis?

Subscribe to our daily SwissBorg Insider!

Friday, 27. July 2018

Crypto ETF Rejection Sends Bitcoin Price Below $8,000 The bitcoin price fell below the psychologically-significant $8,000 mark afte the SEC rejected a cryptocurrency ETF application.
Uber Co-Founder, E*Trade Vet Launch Zero-Fee Cryptocurrency Trading Platform Uber's first chief technology officer and a former executive at stock brokerage E*Trade have teamed up to launch a zero-fee cryptocurrency trading platform.
Binance Prepares to Enter the South Korean Market - Bitcoin News Binance is preparing to expand into South Korea, having already hired Koreans for some local positions. However, the exchange is reportedly waiting for the country’s crypto regulatory framework to be fine-tuned before actually launching
SwissBorg Referendum
Join us VOTE & get rewarded !!
Daily Performances
BTC was holding steady above 8000 until today. SEC rejected the proposed BTC EFT by the Winklevoss Twins for the second time. At the time of writing BTC dropped below 8000, dragging the entire market down. The next day or two will be a test to see the market shakes the news off in expectation of more positive news, or return to summer doldrums.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/tbzy37hmwic11.png?width=1045&format=png&auto=webp&s=d84ac53f0a6f2c4f02bd0ee634d885d82c7b09c5
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/taxtu6uowic11.png?width=1313&format=png&auto=webp&s=6f8121ef25551d0e19cac17b5bf4433a1470a1dc
----------------------------------------------------------------------

Wednesday, 26. July 2018

MetaMask Browser Extension Pulled From Google Chrome Store for 5 Hours, ‘Unsure’ of CauseMetaMask, was pulled from the Google Chrome Web Store on, July 25th. The app has since been listed again five hours later.
U.S. CFTC Chair: We Need to Test Blockchain Because We Are ‘Four Years Behind’The chairman of US emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases.
Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got HackedThis booming crypto platform could hardly be described as institutional, but it isn't fully decentralized either.
SwissBorg Referendum II Updates
Join us VOTE & get rewarded !!
Vote now: https://vote.swissborg.com
SwissBorg Referendum II Partial Results (Unofficial)
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47% for the first time. The cryptocurrency market cap crossed a major, surpassing the $300 billion for the first time since mid-June amid growing optimism that the bitcoin price is entering a new bull cycle.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/rh1muu9nk9c11.png?width=1064&format=png&auto=webp&s=010ffe6a44ae262798331da8d21f68c7facea816
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/cf1su4ouk9c11.png?width=1023&format=png&auto=webp&s=7c079f1a14659d698ed9e26deb3754feaea70923
-------------------------------------------------------------

Tuesday, 25. July 2018

SEC Delays Ruling on Five Bitcoin ETF ApplicationsThe U.S. Securities and Exchange Commission has delayed ruling on five bitcoin ETF applications filed by fund provider Direxion.
Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First Two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures.
Tezos Hires 'Big Four' Firm PwC to Conduct External Audit"Big Four" financial firm PwC Switzerland will audit the Tezos Foundation.→ Japanese Exchanges Push for Limit on Cryptocurrency Margin TradingAn industry self-regulatory organization formed by crypto exchanges in Japan is proposing a limit on how much investors can borrow in margin trading
SwissBorg Referendum II Partial Results (Unofficial)
Join us VOTE & get rewarded !!
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2

VOTE NOW: https://vote.swissborg.com

Daily PerformancesBTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47.10% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison - BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/axdkbd6ey2c11.png?width=1064&format=png&auto=webp&s=c613a48f15c04b443cf15dcd633f3b8535ff7489
Technical Analysis - BTC
BTCUSD has busted through the 100 SMA dynamic resistance, so there’s some bullish momentum building up. BTC is ready to test the 200 SMA dynamic resistance around $8,500 next. This is near a former support turned resistance level at the $9,000 barrier.A move past this level could lead to a test of the $10,000 major psychological level. Stronger bullish pressure could take BTCUSD to the next ceiling close to $12,000. However, RSI is indicating overbought conditions already, which means that seller's wave is taking over.
https://preview.redd.it/envy8vfsy2c11.png?width=1332&format=png&auto=webp&s=6703efe0e2aa16be704f9b799885bd28ec4ba5f7
----------------------------------------------------------------

Tuesday, 24. July 2018

Someone Tried to Hack Etherscan [Using the Comment Section]Ethereum block explorer Etherscan has thwarted a hacking attempt in which the attacker attempted to use the comment section to serve up malicious code.
China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain PushGovernment officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.”
UK Central Bank Says New Payments System Will Be Blockchain FriendlyThe Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.
A New Bitcoin Wallet Fulfills an Old Privacy PromiseThese cypherpunk crypto wallet projects want to bring fungibility to bitcoin.
SwissBorg Referendum II Partial Results
Referendum data done by a community member (Draazzzz) #WeAreSwissBorg
Source: https://www.cryptalloc.com/rsb2
VOTE NOW!
https://vote.swissborg.com
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 46% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/8rvz3sr24vb11.png?width=1058&format=png&auto=webp&s=903e46fe354b3851b5ea69851777b3139d8073ce
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/08g9qmz54vb11.png?width=1326&format=png&auto=webp&s=4ee7c329ea9a151fb7b66afd1945149a9c0b3a68
-------------------------------------------------------------------

Monday, 23. July 2018

Mastercard Files Patent for Payment System Linking Blockchain Currency, Fiat AccountsMastercard has filed a new patent for a payment system linking blockchain-based currency accounts with fiat accounts.
Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts BitcoinKen Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency.
Coinbase Forms Political Action Committee Amid Uncertain Regulatory ClimateCoinbase has become the first crypto industry organisation in the USA to form a Political Action Committee (PAC). → An $8 Million ICO Ran Out of Tokens. What's Next Is Anyone's GuessWhat can a blockchain startup do when it runs out of its own tokens? According to U Network, buy back tokens from its ICO investors.
Referendum II Started!
https://preview.redd.it/vyoludsa3vb11.png?width=1200&format=png&auto=webp&s=c7636ce1ef7054407504b2ce55f25fb8a153bdcf
Daily Performances
Not a whole lot to report over the weekend in crypto land. Markets are up marginally creeping above $280 billion again but with little direction for future momentum. BTCUSD has moved back towards its resistance level of $7,400, pushing slightly above it with a 1.7% gain to $7,450. If buyers continue throughout the day there could be another rally up towards $8k. ETHUSD has been sluggish over the past few days with minor gains keeping it just above $465.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/ap27avxe3vb11.png?width=1042&format=png&auto=webp&s=95c02a64a10191476c09f1d0fbdc5d79e3c59622
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/em0l04pi3vb11.png?width=1310&format=png&auto=webp&s=20b55b7f48ed529c895fd5ae6ac7e08014c2217c
-------------------------------------------------------------
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved
submitted by Otilia_SwissBorg to swissborg [link] [comments]

For USA Taxes on Crypto, Is This Right? Why Haven't I Seen This Before?

Posting this under a throwaway for obvious reasons but as Tax-Day is here in the USA tomorrow I wanted to get the BCH community feedback on something that occurred to me today.
With all the fear mongering that's been fudded around about taxes on 2017 crypto profits, now finally after I've done the paperwork it seems to me that unless someone is already in a high income bracket, there is a very likely real possibility that for a lot of people, their actual capital gains tax on any amount of crypto profit is 0%
Point being, if your ordinary income (non crypto investment just from your job or business or whatever) for married filing jointly is under like $75,000 for the year, then you're in the under 10-15% marginal tax bracket and in that case "long term capital gains" tax rate is ZERO = 0% = No Tax.
So they can go ahead and drill down thru all the coinbase and poloniex and bittrex and binance trades transactions transfers etc etc etc all they want, the government can go ahead and waste time and auditor money analyzing shit forever in a thousand audits of everyone in this space, but 0% of anything is still ZERO.
Right? Or I'm missing some other more important info here?
submitted by ObviousThrowawayZZyX to btc [link] [comments]

An Understanding of Nuls - A Chinese Perspective

Article Translated from media.weibo.cn
Two days rose as high as 800%, popular foreign communities, in the end what happened? Correct understanding of NULS
On November 8, Binance posted online NULS. As the law of breaking 99% of Singaporean currency on the spot on Ann Arbor, the currency circle was so hot that it pulled from one to eight in two days. The turnover went up from a few One hundred thousand (speculators) to 100 million enlarged, and then as of November 13, stabilized to about 4, the daily turnover of more than 10 million yuan. And TG group a few days, foreigners have entered 1000. Many coins ring old and new people are encircled, in the end what happened.
The introduction of the NULS in the currency security is like this:
Nuls is a highly customizable blockchain infrastructure and is a global open source community project for blockchain. Nuls consists of microkernels and functional modules to weaken the new thinking of the main chain, to achieve a highly modular underlying architecture through the stripping of events and services, and to provide operating mechanisms such as smart contracts, multi-link parallelism and cross-chain consensus to reduce development and The cost of use, and promote the blockchain business application process.
To know NULs , first of all, we must first know that in May this year, crowdfunding print chain (inchain, official website: https://inchain.org) .
Official website printed chain self-introduction is this:
Inchain is a public chain project located on the bottom platform of the business application of blockchain. It is the first professional commercial application of blockchain ecosystem. From the underlying architecture authentication management hierarchy, Inchain signs double signcryption registration binding management, which, along with a high-level arbitration system developed by management Intermediaries and Printing Chain, meets the decentralized commercial-level regulatory requirements of the decentralized network.
Inchain's original intention was to use blockchain technology to crack down on counterfeit products and to provide brands with the most credible technologies available so as to protect their brand image. To this end, anti-counterfeiting traceability will be the first application of Inchain. The Inchain team will devote itself to building a comprehensive self-service application based on anti-counterfeiting traceability. This application will accumulate a large amount of merchant and user resources for Inchain to form a traffic center.
In simple terms, a printing chain is the underlying public chain of a blockchain business application, similar to NEO / EOS, and anti-counterfeiting is just the first application. Because of the team's practical style, projects and commercialization have always been in sync. And so far, already in the commercialization of development, there are already more than a dozen companies, such as Elephant Alliance (Beijing) Science and Technology Co., Ltd., which has been engaged in strategic cooperation, (Elephant Alliance is the core of "San Tong" And "Three Tongs" products were put forward by Premier Li Keqiang during his inspections of quality inspection in 2014. It means that exporting enterprises produce export and domestically manufactured products on the same production line according to the same standards so that the supply of both domestic and international markets Products to achieve the same level of quality.And the chain (inchain) for the elephant alliance and the major manufacturers, e-commerce platform, terminal retailers to provide anti-counterfeiting traceability as the core of the blockchain Internet of Things integrated services)
It also means that there will be more and more inchain technologies that will be used by the development of the elephant union in the future (hundreds of enterprises have been negotiated in the future) even if the printing companies do not develop their own markets.
However, the printing chain team is not satisfied, in addition to cooperation with the Elephant Alliance, as well as with Guizhou Lai Shiling Zhengheng Liquor Co., Ltd., Ming tea is still cross-border e-commerce (Shenzhen) Co., Ltd. and other enterprises can be expected within a few months in the supermarket to buy things there will be anti-counterfeiting printed traceable traceable products.
Elephant Alliance Partner List:
Overseas Chinese institutions have signed: 1, Thailand and China Relations Association 2, the Netherlands and China Culture and the Arts Association 3, Seattle Taiwan Economic Education Association 4, San Francisco New Century Green Industry Development and Investment Group 5, Bay Area Huaxia Association 6, the world Chinese Federation (General Association) Global Chinese Federation 7, the United States World Chinese Organizations Alliance 8, the United Nations World Peace Foundation 9, Baoding Electronic Information Industry Association 10, International Painting and Calligraphy Art Federation INTERNATIONAL UNION 11, Beijing Shenlongyuanrong Culture Communication Co., Ltd. 12, Chinese Association of World Chinese Studies (I) 13, World Federation of Low-carbon Environment Alliance 14, United Nations World Harmony Foundation 15, "Russia - China" business cooperation center 16, Amsterdam Overseas Chinese Society for the elderly 17, the United States Institute of Nanomedicine 18, the Netherlands Xin International Immigrant Investment and Development Board 19, Brigade 20 Chinese Association , the Thai Manganese Spring Taijiquan 21, the United States with the East-West Institute of Health 22, China-ASEAN SME Economic Cooperation Promotion Association 23, Portuguese Overseas Chinese Association 24, Portugal Nantong Lisboa Cork Products Co., Ltd. 25, the Netherlands Seagull Hotel 26, the Netherlands Technology Training and Consulting Ltd. 27, the Netherlands Xin Ze International Limited 28, United States China Kung Fu 29, the World Federation of Chinese Medicine
Taiwan has signed a list of agreements: 30, China's new Hongmen Party 31, Taiwan's Aboriginal Culture Industry Development Association 32, China's Cross-Strait Talent Management Association 33, China Science and Technology Animal Husbandry Development Association 34, Taiwan Association of Ecological Education and Farmers 35, Taipei Beauty and Cross-Strait Association 36, Taiwan New Citizenship and Care Association 37, China Cross-Strait Physicians Management Association 38, Taipei Multicultural Art Troupe 39, Taiwan luster promotion will be 40, the China fashion Association Art 41, new Taipei City Confederation of Trade Unions 42, the Republic of China green living Association for the Advancement 43, Yongjian Foundation Ltd. 44, the original vision of cultural interpretation of the mission 45, Han Chinese painting and calligraphy Association 46, China and India stone art Collection Association 47, ingot Travel Co. Ltd. 48, Kinmen and Matsu Across the Taiwan Straits Association 49, Taipei mountain crazy paintings 50, the corporate culture of China Association of Creative Industries 51, China Huaxia Hope Care Association 52, the Taiwan Youth Puppets Joint Association for the development and exchange 53, New Taipei City Banqiao District Folk Culture Heritage Association 54, the United States Florida in Taiwan Department 55, Taichung Mingmen Numerology Education Association 56, Taiwan World Outstanding Artists Association 57, China Indian Stone Art Collection Association 58, Taiwan International Collector Association 59, All China Association of Directors 60, China Tourism Medical Association 61, Chinese culture and education Economic Development Society 62, Cross-Strait Enterprises Exchange Association 63, Taipei Cultural and Educational Economic Development Promotion Association 64, Huayu Universe Talent Association 65, Huantai News Agency 66, Chinese Tai Chi Songjing Society 67, Taiwan World Association for the Advancement of Friendship 68 , Taipei City, the Asia-Pacific Economic and Trade and Cultural Exchange Association 69, the Chinese Cultural and Creative Society
Chinese medicine culture has signed the list: 70, East Asian Functional Ion Association 71, the World Federation of Traditional Medicine 72, the World Natural Medicine Foundation 73, East Asia Ion Water Health Association 74, Beijing Science and Technology Development Co., Ltd. care support 75, All-Natural Medicine Institute (USA) 76, Tiansheng Pharmaceutical Group Co., Ltd. 77, South Africa Association of Chinese Medicine Research 78, World Federation of Chinese Medicine
Hong Kong has signed the list: 79, Hong Kong Filial Piety Cultural Association 80, Chinese Sinology 81, World Talents Association
And MANY More...
So, what is the relationship with the NULS and InChain?
NULS can be said to be a voluntary global community of open-source blockchain community projects that are core members of inchain.
(1) What is NULS?
Nuls is a customizable, modular blockchain infrastructure project that consists of microkernels and functional modules to weaken the mindset of new backbones and to enable a highly modular, underlying architecture with event and service de-provisioning Smart contracts, multi-chain parallel, cross-chain consensus and other operating mechanisms to promote the business process blockchain process.
Nuls has developed a set of industrialized blockchain technology standards that provide alternative intelligent contracts, multi-link parallelism, consensus mechanisms, P2P networks, storage, encryption, multi-level accounts, following the principles of hot plugging, modularization and parallel expansion piece.
"We hope that through the blockchain technology, we will help create a decentralized business model for the lack of a centralized trust system in our daily life work and solve the conflicts of trust between individuals and businesses in society. Based on Nuls, this simple foundation backbone, we will provide a wealth of modular components, the same as the CPU, hard disk, memory, motherboard assembly into a computer, the user can freely choose consensus, storage, contract, arbitration, account system, anonymous Strategy, permissions and other modules, assembled into a sub-chain for their own needs. Subchain A customizable blockchain infrastructure is not limited to a public chain, it can also be a private chain or a federated chain."
In a nutshell, NULS is a modular (customizable) blockchain infrastructure that modularizes functionality and allows individuals, businesses, and governments to assemble as one sub-chain at their discretion and not limited to the public chain , Private chain or affiliate chain. Just like assembling a computer, you need a CPU, a hard drive, a memory, a motherboard, a keyboard, and a mouse (the camera functions can be assembled according to your needs).
We believe that the blockchain, with the technical characteristics of its distributed storage, being open and transparent and capable of delivering value, will exist as the basis for enterprise applications in the future. So far, however, it has been hard to see whether an application or project around us is really developed based on blockchain technology. The crux of this phenomenon is the use of chained blockchain technology, limited performance. The data on the chain is huge, synchronization is difficult, and technical updates are hampered by decentralization. In order to solve these problems and promote the commercial application of blockchain, Nuls was born.
Currently, the block development of the blockchain performance is limited, many projects and applications are from the beginning to the end are unable to truly commercialize and technology updates due to decentralization (typical example of BTC to upgrade communities have to speculate yearly) and therefore, NULS is to solve these problems, and to promote the commercialization of blockchain .
(2) The necessary conditions for commercialization
After market research and analysis, we found that there are some problems in the development of the blockchain. The shortage of technicians in the blockchain and the high cost of research and development cannot be alleviated in a short period of time. More and more applications require blocks Chain technology support; the existing blockchain performance is limited, cannot communicate between different chains; institutions tend to use the coalition chain, the private chain, and the two to the trust is not complete. Nuls can provide a reliable solution to this.
(A) flexible and easy to use blockchain infrastructure
Nuls offers complete Turing-complete modular development for developers and users. Developers and users need not to study the underlying technical details such as cryptography, consensus mechanisms, storage methods, etc., and use simple and quick programmable environments to directly interface with commercial applications, thereby reducing the commercial cost of the blockchain.
(B) adapt to massive blockchain application scenarios
At the application level, it is expected that blockchain will serve as the underlying foundation for many organizations and individuals in their work and life. Nuls is able to cope with various application scenarios in the future through modular, multi-link parallel and intelligent contract operation mechanisms And the different needs of the bottom of the blockchain.
(C) high-performance driven blockchain commercial landing
Commercial applications have high-performance requirements. Nuls is committed to solving the performance limitation of the existing blockchain. By using parallel expansion technology, Nuls separates the main and subchannels through the multi-chain parallel operation mechanism of "main and sub-chains" Business to meet the millions of TPS needs.
(D) the balance between data transparency and commercial secrecy
For organizations, data confidentiality and security are paramount, while the openness and transparency of the blockchain give organizations some concern. Nuls protects the confidentiality and security of business data in the sub-chains through data isolation and cross-chain auditing to solve the balance between data transparency and commercial secrecy.
It can be seen that the four points of NULS are four points of flexibility, adaptability, high performance (meeting millions of TPS), transparency and commercial confidentiality. And that's one of the four conditions necessary to solve the commercialization of the blockchain, which is consistent with the Ethereum platform but more powerful.
(3) the value of tokens
  1. NULS tokens as a transaction fee.
  2. Registration sub-chain, the need for NULS mortgage (mortgaged NULS can only be used for sub-chain running consumption).
  3. Sub-chain operation continues to consume NULS tokens.
To create a healthy Nuls ecosystem, all Nuls-based operations require payment of a certain amount of NULS tokens, including but not limited to proof of data for sub-chains on the backbone and transactions on tokens. In order to balance the payment of the token is always in a reasonable interval, will not increase with the NULS token beyond the reasonable range, the system will be based on community votes to adjust the benchmark rate.
  1. Sub-chain base currency and NULS intelligent exchange.
The backbone of the base currency is NULS, access to all sub-chains of Nuls, can support their own base tokens, the basic token as Nuls's smart assets; sub-chain can also issue contract tokens, called IOU assets . The Nuls bottom system provides conversion of NULS tokens for smart assets. Subchains To issue smart assets, a certain amount of NULS needs to be secured, with the initial ratio set by the publisher itself. Once a Smart Asset is released, a NULS Pool and Smart Asset Pool are immediately generated, and any user with NULS or Smart Assets can be redeemed at the latest rate adjusted by the market.
The value of the smart assets of the sub-chain is improved, the corresponding NULS capital pool will precipitate more NULS.
As such, the value of NULS appreciates with the increased quality of sub-chain smart assets.
NULS system, built-in NULS tokens, is the blood of the entire system, will be used to participate in consensus rewards, transaction fees, registration sub-chain mortgage function, consumption of NULS tokens, NULS can be intelligent exchange with sub-chain.
(4) Technological innovation:
The Nuls backbones default to the POC (Proof-Of-Credit). Node credit standards, lock a certain amount of margin to join the consensus, the consensus node re-sorting each round out of the block, withdraw from the consensus margin unlock.
Nuls community will continue to develop consensus mechanisms such as POW, DPOS, POS, PBFT and POOL verification pool for users and enterprises to freely choose.
The Nuls community acknowledged the unpredictable nature of technology upgrades and business applications, embraced the modularity of Linux kernel design and developed the Nuls kernel. The Nuls design follows the " Everything is a Module " principle, with modular support technology to update and apply fit.
It can be said that NULS is a multi-strand parallel + cross-chain consensus, the underlying modular.
(5) Summary
The NULS technology is robust and well-structured (it is said that more than 50 days have been discussed by several architects who have been in business for more than 10 years) to incorporate the modular thinking behind LINUX kernel design, where commercial thinking stands out compared to other blockchain teams/communities, focusing on the commercialization of the blockchain.
In addition, NULS main-net online line comes this year, the printed chain will be based on NULS become one of the sub-chain.
Community members told me that NULS has a clear and clear-cut target in the near and medium-term and long-term.
The first stage: the main-net online and improve the surrounding ecological and commercial landing.
The second stage: large-scale commercial application of landing, enclosure process, the former inchain is occupying the anti-counterfeit traceability market, NULS is occupying the blockchain basic services market, exploring the combination of blockchain + big data + artificial intelligence.
The third phase of the realization of the blockchain + big data + artificial intelligence landing.
I think the possibility of a NULS becoming a LINUX or Android in the blockchain is great.
Other
(1) investment late now?
Not late. The current market capitalization of 1.5 billion, the current domestic basic chains compared are with only QTUM and NEO.
Of course, we compare the ETH, 200 billion market capitalization, there are 1300 times the profits.
(2) fiery degree
TG group, foreigners chatting is very hot, they are very optimistic about NULS (similar to how foreigners are very optimistic about NEO, foreigners, after all, are the value of investment), take a look at the number of Twitter attention.
(3) other information
Official website: nuls.io
White Paper: https://nuls.io/pdf/Nuls_whitepaper_en_V1.0.pdf
Twitter: https://twitter.com/nulsservice
TG group: https://t.me/Nulsio
GITHUB: https://github.com/nuls-io/nuls
submitted by Fahdis to nulsservice [link] [comments]

Sprinklebit AMA

Transcript of the live Sprinklebit AMA on the OneX Discord Server:
Q: Do you see the sprinklebit exchange as a direct competitor to Coinbase and Robinhood? What coins and pairings will be listed? How will you establish a high level of liquidity to accomodate high volume trading?
A: yes we aim to deliver a superior experience to both Coinbase and Robinhood. We will use something called smart-routing to make sure that we have the best liquidity in the world. In simple terms it means that when you place an order for 1 BTC we match that with the lowest price including fees from all exchanges. So if the price is lower on e.g GDAX we automatically route the trade there. As the our orderbook grows the liquidity will stay within the exchange. We will start with top 5 pairings plus SCOI and PDI for the initial launch. Then we will add about 10 coins a month to the tradable. Regarding SCOI, it will be traded on multiple exchanges. It's a win-win. The exchange that adds our coin will be able to participate in our order-flow.
Q: Will there be fiat pairings on the exchange site , if so will it be a USD or USDT pairing ? In what stage are you of completing your platform to trade fiat pairs/altcoins. I know that Blockport comes out with it's alpha testing of a decentralized exchange that has similar features as you are stating within a month. Automatic lowest price exchanges, seem to be a new and upcoming trend. How is your exchange any better than the upcoming ones?
A: Yes, we have unique setup where the SprinkleBit group has a licensed brokerage firm in the US to handle USD pairings and payments. We also have a license to handle Euro in Europe. The key is the international reach and the conversion between a SCOI pairing and other types of securities. E.g you can exchange BTC for SCOI and the next second you can buy shares of AAPL with those SCOI.
Q: if I have btc, and I want to make a speculative investment in Amazon stock, how long would it take that order to settle? Basically what’s the user experience like when swapping a crypto asset for a traditional one?
A: this is instant
Q: You referred to order routing through to exchanges - this makes the website a merchant - therefore the exchange itself will charge a fee against the order placed, in addition to your own fee? Which also brings the question of what the fees will be like?
A: we are going to have tiered fees. Starting at 0.25% down to 0.05% depending on your account size and activity. And the routing will never add fees to your order, it will only make sure that you get the best price including any additional fees.
Q: How do you guys plan to capture some of the market share that has been snatched up by Coinbase and Gemini? What does your guys marketing plan look like? What milestones do you guys have currently set in terms of Marketshare, Concurrent Users, Volume, etc.
A: Coinbase will be the low hanging fruit. 1.49% fees is insane and our user experience will be even better then theirs. Not to mention the funding delays that they have. With us you have your funds within 24 hours of deposit or withdrawal.
Our marketing plan is to use SprinkleBit's social network to get our first 100k accounts and then we incentivize them to invite their friends for SCOI and other tokens.
Gemini is a bit different, that's more institutional and that will be step 2. Here is where the smart-routing comes in, we will reach out to institutional investors and tell them that they can now do crypto trading in a way that they are used to with equities and options. Namely to get the best price execution and reduce arbitrage.
Q: Will all funds be within 24 hours or will any be "instant"?
A: that will depend on account type and verification level. E.g if you are verified and have a margin account we can easily front you the cash until it settles in your account.
Q: Are you registered for the Bitlicense in the state of NY?
A: No, we are registered with FINRA and SEC https://brokercheck.finra.org/firm/summary/285216
Q: One thing that has really hurt exchanges involves customer support. How does your support staff look? How many reps does SprinkleBit currently have, and what is your current plan to adjust to exponential growth in the future?
A: This is where our synergies comes in. We already have a bot we call SprinkleBot that runs for SprinkleBit to help users getting started. This will be applied for managing onboarding new clients. Fun fact 92% of all Customer support questions for a brokerage are repeat questions that can be solved by a FAQ and a bot. The remaining 8% will be handled by two customer support teams, 1 in USA and 1 in Europe.
Q: In the long term (talking 1+ years), how does the ICO play out? Is the intended use the same as BNB for Binance?
A: Let's take a 30,000 feet view. SCOI will evolve into a clearing blockchain for any type of security. Meaning that we don't have to send Stock and Option trades to DTCC for clearing. We can toknize it and run it through a separate blockchain. It would then reduce the cost of trading with over 90%. It will also be used as a pairing mechanism between crypto and other asset classes. The value of such system is tied to the demand and supply. On the supply side we have a hard cap, on the demand side it's the total value of all assets that uses SCOI to trade and settle.
Q: Does/will SprinkleBit provide a 1099 to it's users or do they need to keep track themselves? (not looking for tax advice)
A: Yes, it will be a separate 1099 from your regular brokerage one. But to be clear, there are no reporting requirements set from IRS yet so I cannot comment on that.
Q: Can you comment about the level of security of the SprinkleBit exchange? How resistant will it be to hacks and DDoS attacks? There are many bad actors these days and people are wary of storing their Bitcoin on an exchange for prolonged lengths of time. In case of an incident is there any type of insurance offered for lost funds?
A: The biggest security exploits are inside jobs on exchanges. We will employ same bank-level security as we do for banks. This means that we already have procedures in place for handling sensitive data and employees does not have access to it. We have also constructed a cold/hot wallet solution that will minimize the risk of any hacking attempt. Regarding DDOS we will use Cloudflare to work against that (or CTO has more details on the technical solution)
Q: What is the intended total supply of the token itself, and is it capped? add-on : Is there a possibility of mining those tokens or any other way of accumulating those beyond purchasing them? (P.s. I will be investing in the ICO)
A: we have our goal of 350m tokens to be sold. However, if we do not sell them when the ICO is over we will burn the oversupply.
Q: Can you explain the Cash to Crypto concept and how it will benefit the average user?
A: Cast to Cryoto (C2C ) is something I am really excited about. It's our take on solving the underbanked people around the world. Anyone who has an approved KYC AML account can apply to become a vendor. This means that your local grocery store can become a vendor. You just go there with your bills and exchange them for SCOI. The vendor get a small exchange fee (this will be different based on geografi)
Q: Are there any strategic partnerships in place to add incremental value?
A: The strategic partnerships are all on the SprinkleBit side. It has more to do with increasing the ecosystem. So far we Swedbank (Scandinavian bank with 7.2 million clients), we have a partnership with Samsung that will promote our app, we have several large banks in Asia that is under contract but I will share those details when we can publicly go out with it.
submitted by OneXCapital to OneXCapital [link] [comments]

How I do Margin Trade on Binance Exchange 1 Binance Margin Trading Tutorial ✅ Binance Futures Trading EXPLAINED for Beginners Legal margin trading in the USA on COINBASE PRO! ★ Margin Trading on Binance Tutorial

Binance is the biggest famous altcoin and cryptocurrency exchange for spot trading, but it didn’t use to provide margin trading for cryptocurrencies until recently. Binance broke to the margin trading sphere recently and in just a few months the trading volume of its margin products has overtaken the spot trading volume. Now let’s take a closer look at the specifics of margin trading with Binance. Margin trading with Binance. In late May, Binance announced that its margin trading feature would support up to 20x leverage. Yet the exchange’s tutorial on the new feature reveals you can now borrow funds at a fixed rate of 3x. “If you have 1 BTC, you can Binance is the world’s best cryptocurrency exchange with maximum trading volume. They recently launched the margin trading on their platform which you can enable by going to Binance dashboard. To use the Binance margin trading, you need to complete the identity verification (KYC) and your country should not be in the blacklist of Binance country. In other words, in virtually all cases, the maintenance margin is less than half the initial margin, and the resulting liquidation price is much more favorable than would be the case if the maintenance margin was equal to 50% of the initial margin, as is the case in most exchanges. Bitcoin Margin Trading For US Traders. As a US American trader you can really get frustrated when looking for a Cyptocurrency Margin Broker. All the well-known brokers with high leverage usually already mention an exclusion of US Americans on their homepage, but at the latest somewhere in the small print in their terms and conditions.

[index] [5] [95] [185] [240] [376] [267] [161] [51] [146] [313]

How I do Margin Trade on Binance Exchange 1

MARGIN TRADING BINANCE 2019 ACTIVADO 😎[TUTORIAL PRIMEROS PASOS] BITCOIN, ETHEREUM, XRP, BNB, ... United States Restricted Mode: Off History Help About ... Binance Margin Trading - Quick overview - Duration: 22:06. DeKay Arts 13,187 views. 22:06. ... United States Restricted Mode: Off History Help About ... In this video I am going to show you how margin trading on Binance works. Margin trading gives you the option to trade with leverage on Binance. ... United States Restricted Mode: Off History Help ... 📌TIMESTAMPS! 1:33 Margin Level Recap 4:00 Short Sell Trade 9:04 Close/Settle Short Position 15:45 Execute your margin trade the "automatic" way 17:35 Positio... Binance Margin Trading [ Gana dinero con Bitcoin y Ethereum ] Cómo hacer margin trading - Español - Duration: 14:49. Crypto Forum - Criptomonedas en español 1,362 views 14:49

#