Bitcoin Game - #1 Cryptocurrency Trading Simulator
Bitcoin Game - #1 Cryptocurrency Trading Simulator
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Tap Tap Trillionaire by PIXIO
Welcome to /taptaptrillionaire ! This is the Official Subreddit for the mobile game Tap Tap Trillionaire by PIXIO. Please be nice to each other and keep tapping! You can also download the game here: iOS: https://itunes.apple.com/us/app/tap-tap-trillionaire/id1090276143?mt=8 Android: https://play.google.com/store/apps/details?id=com.pixio.google.ttb
11-12 14:43 - 'follow me on Niffler.co best site for trading simulator and great forex trading community' (i.redd.it) by /u/livmarsh1992- removed from /r/Bitcoin within 39-49min
My team developed an app that will allow you to simulate trading Cryptocurrencies (w/ real time coin values), compete against your friends and people around the world to see who the best traders are, and win prize pools daily. Its as if HQ, Fantasy Football and Candy Crush spawned a cry /r/Bitcoin
PSA: You're currently accustomed to a bear market and you WILL try to sell too early
Imagine you're an astronaut going into space for the first time. You've studied for many years and know to expect zero-gravity. Perhaps you've even trained on simulators and gotten an estimation of how it might feel. First-time astronauts invariably have the same feedback:
"Nothing could've prepared me for space. There's absolutely nothing like it."
Embarking on your first bull run is much like going into space. You may have read about it, done some paper trading, maybe even simulated going through 2016-2017, but nothing can prepare you for the gut-wrenching, schizophrenic ride of ecstasy of having real money on the line. Your intuition will fail you. You've grown all your life in regular gravity and have developed visual-spatial senses that work well on Earth. When you throw an orange, you expect it to fall. When you see Bitcoin go up 15%, you expect it to flag then come back down to support. What's most insidious is that your instincts you've developed run subconsciously directing you to make mistakes. Much like an astronaut spends a day getting acclimated to space, give yourself time and patience to get used to the new normal. You will sell too early, thinking that on Earth, oranges don't normally travel that far. I'm here to tell you when you're going to the moon, oranges keep on going, much further than you'd expect. The reason why veterans tell you to hodl is because it's the most effective advice helping you learn that you are weightless in space. Once Bitcoin goes on a run, the fatal mistake is pulling the ripcord too quickly. This causes you to get stuck in fiat watching day after day of losing value denominated in BTC. This is the primary cause for people fomo'ing back in higher only to get rekt when Bitcoin comes down from its local top. If you're hodling Bitcoin, no one can tell you to get off the rocket ship. Ride it all the way to the moon with us. 10M by 2030 is my best estimation. If you enjoyed my writing, follow me on Twitter for future pieces!https://twitter.com/uncapslockThis is all meant to be for entertainment and doesn't constitute financial advice.
The underrated stock survey! Submit your picks for the community to track
Following on the previous tracking post (http://redd.it/i2mmzg) and the highly upvoted request from DJ-Ascii , I've set up this post for another round of underrated or undervalued stock picks. As before, let us know what stock you believe is underrated and a consistent winner that has done well for you, or you believe will do well going forward. In order to make this easier to track please use the following guidelines for submitting.
Only one submission per comment. You can make multiple comments, but please only submit one stock per comment.
Please include at least the ticker and the company name. Feel free to explain why you think this is a good stock.
I'll add these new picks alongside the old survey so as to update you on each portfolio over time. Don't worry about any overlaps. Edit 1: I've compiled everyone who has posted so far, but I'll look out for any final additions tomorrow. The list will then be locked EOD on Friday the 7th of August, and all prices will start from there. Edit 2: All picks have now been locked down and consolidated into the list below. Stocks are sorted in alphabetical order of their company name and the ID corresponds to the approximate order in which they were submitted. The next update will be in 30 days.
Crypto trading experiment - FEAR vs FOMO - Week 4 I previously posted my experiment below to experiment with a simulation trading of five portfolios, with a control portfolio of bitcoin, competing against two "FOMO" and two "FEAR" portfolios (tracking the top or bottom performers in the top 100 and 200 CMC rankings). Each week the portfolios sell and rebalance into five coins. This is week 4 into the experiment - weeks, 1-3 posted below: https://www.reddit.com/CryptoCurrency/comments/huslrk/crypto_trading_experiment_fomo_vs_fear_week_1/ https://www.reddit.com/CryptoCurrency/comments/hwoezd/crypto_trading_experiment_fomo_vs_fear_week_1/ https://www.reddit.com/CryptoCurrency/comments/i0ilyn/crypto_trading_experiment_fomo_vs_fear_week_3/ Results are out for week 3 - lets see how our last performers did. New portfolios below with their purchase prices for each crypto and current total value (see the links above to see the previous holdings). Please note these are prices logged around 20 hours ago, so there is some time lag (including with the older portfolios which I am still tracking live): BTC 100%: $1,272 = +27% - BTC really is the king! Destroying all other alt returns right now. FOMO 100 = Elrond, Flexacoin (0.0048), Eth (318.59), LTC (54.85), BCH (285.62) - TOTAL value $1,001 (up from $970.94 - a 3% gain in the week) FOMO 200 = Travala (1.83) - +158%, Adex (0.2866), Solona (1.70), Elrond (0.02548), voyager (0.16818) TOTAL value $917.57 (down from $970.94 - a 5.4 fall) FEAR 100 = Ampleforth, Aurora (0.01156), Band (3.84), iExec RLC (1.11), Compound (132.79) Total value $1200,29 (up from $990.16 - a massive 21.2% gain in a week) FEAR 200 = Ampleforth (1.17), IRISnet (0.0474), RSR (0.009132), Haven (1.65), Velas (0.048962) Total value $1,023.41 (up 4.6% in the week). Notable performers were Band (up around 90%, partly thanks to a coinbase listing), Aurora (+58%), Iris (+40%), Elrond (-21%), ETH (+27%) and Ampleforth (down from US $1.17 to $0,80c). And note that the "FEAR" portfolios still did relatively well despite holding AMPL. So in order we now have the following total values: BTC 100% = $1,272 FEAR 100 = $1200.29 FEAR 200 = $1023 FOMO 100 = $1001 FOMO 200 = $917.57 We can also look at the values had we simply held any of the previous weekly portfolios (which I'm still tracking): FOMO 100 (week 1 = $1,184), (week 2 = $1053), FOMO 200 (week 1 = $1,082), (week 2 = $1,157) FEAR 100 (week 1 = $1007), (week 2 = $1,081) FEAR 200 (week 1 = $929), (week 2 = $1,019) So look at all possible portfolios - a 100% bitcoin portfolio beats everything! But the top portfolio is still the FEAR 10 portfolio at week 3 - very close at +20%. The worse possible performer is the current "FOMO 200" portfolio at $917 or around -8.5%. So interesting, this suggests that the rotation method of buying losers and reshuffling may be the best strategy, whereas always buying the winners is the worst! And that despite all that, so far, just holding BTC is the best! So as might be expected, buying into "losers" on the weekly really pays off compared to buying "winners" but so far BTC is king. Will this be the case if alt coins regain their shine? Rebalancing and rebuying into week 5 gives us four new portfolios to follow: FOMO 100: Band, Ocean, Bancor, Energy Web Token, Hedge Trade; FOMO 200: DOS, Akropolis, Bora, Band, Vidt FEAR 100: Ampleforth, Nexo, Elrond, Elasto, True Web Fear 200 - Digitex, Ampleforth, ABBC, Nexo, Elrond. What is notable is that now the "FEAR" portfolios share quite a few choices but in particular, AMPL remains in the Fear portfolios for two weeks in a row - I'm not sure we have had that before. Also - a few coins jump from FEAR to FOMO or vice visa - Band jumps from FEAR to FOMO, and ELROND jumps from FOMO to FEAR! Stay tuned for next weeks results.
I previously posted my experiment below to experiment with a simulation trading of five portfolios, with a control portfolio of bitcoin, competing against two "FOMO" and two "FEAR" portfolios (tracking the top or bottom performers in the top 100 and 200 CMC rankings). Each week the portfolios sell and rebalance into five coins. This is the third week into the experiment - weeks 1 and 2 posted below: https://www.reddit.com/CryptoCurrency/comments/huslrk/crypto_trading_experiment_fomo_vs_fear_week_1/ https://www.reddit.com/CryptoCurrency/comments/hwoezd/crypto_trading_experiment_fomo_vs_fear_week_1/ Results are out for week 2 - notably this all took place during the HUGE bitcoin run, which has had a significant effect on ALL of the alts below. Also, the "FEAR" portfolios bought into Ampleford when it was "only" down to $1.15 (-44% on the weekly) - and at one point it was 65c today - so the very definition of catching a falling knife! Will they recover? New portfolios below with their current value (see the links above to see the previous holdings) 100% BTC = $1,187 (15% from last week - +18.7% total) - now in front place! FOMO Top 100 = Swipe, BAND, Terra, ABBC, DGTX - $970.94 (-5.5% on the week, -2.9% total) FOMO Top 200 = SysCoin, Loki, Noia, Origin Trail, Swipe $940.10 (-10.6% on the week%, - 6% total) FEAR Bottom 100 = Midas Touch, Bytom, Swiss Borg, Link, Ve-Chain $990.16 (-6.7% on the week, -1% total) FEAR Boom 200 = Midas Touch, Bytom, Swiss Borg, Link, Super Zero. $977.30 (-8% on the week, -2.3% total). As you will see, the "FEAR" portfolios are still outperforming the FOMO portfolios but they are losing ground. The best performer overall is the FEAR bottom 100, and even that is still below the initial investment. Now for another observation - if we have not done ANY rebalancing and stuck with our original week 1 portfolio, we would have these results (with performance compared to the above) FOMO top 100: AOA, ELR, KAVA, CHSB, LINK = $1,019 (+4.9%) FOMO top 200: AOA, NIM, ERD, ANKR, MOF = $1,025 (+9%) FEAR top 100: DOGE, AMPL, QNT, COMP HEDG = $887 (-5.6%) FEAR top 200: XNS, NULS, DOGE, QNT, AMPL = $906 (-7.3%) This is kind of interesting. Had you simply sat tight, the FOMO portfolios would have actually out performed the FEAR portfolios, and would still be in the positive in terms of USD. On the other hand, you would have been worse off just sitting in the bottom performing coins - so it is possible they only have a brief, temporary rally and then keep falling. Selling and rebalancing into new portfolios gives us the following (with prices during the snapshot): FOMO 100 = Elrond, Flexacoin (0.0048), Eth! (318.59), LTC (54.85), BCH (285.62) FOMO 200 = Travala (1.83) - +158%, Adex (0.2866), Solona (1.70), Elrond (0.02548), voyager (0.16818) FEAR 100 = Ampleforth, Aurora (0.01156), Band (3.84), iExec RLC (1.11), Compound (132.79) FEAR 200 = Ampleforth (1.17), IRISnet (0.0474), RSR (0.009132), Haven (1.65), Velas (0.048962) Aside from Ampleforth, what is interesting here is that the "FOMO 100" portfolio has three top ten coins, showing that the recent run has been very "high cap" coin intensive. Tune in next week to see if these holdings recover!
bitcoin evolution Review, Conclusions, and Helpful Tips
https://preview.redd.it/c6yqiqmfn3h51.jpg?width=1280&format=pjpg&auto=webp&s=b563ac2d2547a4602ac117dc34442e0e19e7985b As an example, if Bitcoin prices are plummeting as a consequence of a 51 percent assault, robo-traders are able to scan news in milliseconds of an announcement and take a brief position. Bitcoin Evolution system claims to have the accuracy of 99% meaning that it gets the decisions that are perfect most of the times. This robo-trader makes it possible for investors to trade or automatically. We urges automatic trading for most new beginners. Using Bitcoin Evolution automatic trading, traders should require less than 20 minutes a day to track their accounts. Open account How does it work? Key Features. Does it have a mobile app? Bitcoin Evolution Image of this product The Bitcoin Evolution account opening procedure is a simple one and shouldn’t take you over three minutes. Additionally, the program usage and setup is self-explanatory and does not need any technical skills.Bitcoin Evolution For traders who may get stuck at the procedure, Bitcoin Evolution provides troubleshooting substances at request. Basic usage details are also available on the Bitcoin Evolution website. Before we proceed through the registration process, it’s crucial to notice that the risk related to trading crypto-assets nevertheless exists when trading with all robots. While traders are prone to make profits, they’re also able to make losses. Once again, novice traders shouldn’t invest a sum they cannot afford to lose. More information about the opportunities and dangers of using this robo-trader is found on the stipulations page about the Bitcoin Evolution site. Bitcoin Evolution Signup The initial step involves submitting personal details such as name, contact number and email on a form provided on the Bitcoin Evolution website. This measure also involves password creation. Bitcoin Evolution highlights best practices to secure and protect passwords automatically rejecting poor passwords. For the album, a strong password is believed to have a mixture of lower and upper case letters, symbols, and figures. The very first step also involves agreeing with the stipulations of Bitcoin Evolution and also opting in or out of their mailing list. InsideBitcoin applauds the very fact that this crypto trader unlike most of its competitors doesn’t send clients unsolicited mails without their consent. Bitcoin evolution is SSL secured to protect clients’ private data from cyber attackers. The Secure Socket Layer (SSL) is an online protocol that encrypts information sent between clients and servers, so, hiding it in snoopers. Deposit After account creation, customers must deposit at least #250 to last. This amount is thought to be the initial funding. Bitcoin Evolution accepts multiple payment systems to add Visa, MasterCard, PostPay, SEPA Transfer and digital payment techniques such as Skrill along with Krarna. These methods are also applicable to withdrawals. This robo-trader doesn’t cost anything for withdrawals and deposits but some penalties may be applicable to the financial institutions facilitating the trades. InsideBitcoin couldn’t specify the time that it requires for deposits to signify on a customer’s account. Dealers can get clarifications by calling Bitcoin Evolution customer service centre. Beginner traders may get a feel of this Bitcoin Evolution system by trying their demo account . But it ought to be mentioned that the minimum deposit must be made first to get this account. The demo account is only but a simulation of the actual account utilizing historic data. This usually means that there is not any difference between demo trading and real trading. https://preview.redd.it/qufmcdhin3h51.jpg?width=300&format=pjpg&auto=webp&s=4022d3044842749e6029f4b41bd77a3714e3e280 The Bitcoin Evolution accounts is completely equipped to provide beginner traders a true sense of trading. The same as the real account, the demonstration account allows both manual and automated trading. As mentioned before in this Bitcoin Evolution inspection, thisr Bitcoin Evolution allows both the automated and manual trading. In automated trading, customers are required to monitor their accounts for under 20 minutes every day. Guide trading might take additional time and is most appropriate for experienced traders With this particular trading robot, you can earn thousands of dollars each day based on your invested funds. While we cannot ensure that the claims made by affiliates will be 100% true, we could ascertain you will be able to make returns above what you may get through the investment methods. We recommends that you start with a small investment and update your account since you become comfortable using their trading platform. Bitcoin evolution appears to be a legitimate crypto-trader as evidenced with the tech supporting it along with users’ testimonials. But, it is tricky to ascertain whether the sample outcome are true. We finds the account creation process to be an easy one and the withdrawal and deposit methods to be extremely convenient. Just like, Bitcoin Evolution provides both automatic and manual trading. InsideBitcoin urges that novice investors utilize the account that is automatic and start with not more than the amount. Is Bitcoin Evolution strategy fake? The Platform Bitcoin Evolution process is based on technology known to create enormous returns in stock trading and the currency and valid. We did not locate any complaints about the platform. We highly suggest this trading syst https://www.bitcoinevolutionpro.com/
Today I invited the four major development teams of BCH and the development team of BCH fundraising tool Flipstarter. https://preview.redd.it/51kyef1ybyd51.jpg?width=722&format=pjpg&auto=webp&s=2fc7ab21b41562b3785cee916b00cddc8d2d48f4 Question 1: This year is a year of DEFI explosion. What is the current situation of BCH's DEFI? Flipstarter: The development of BCH can use the tool Flipstarter to obtain development funds. BCH will also have more and more smart contracts to provide more functions for the BCH public chain. We provide the AnyHedge protocol, which allows users to generate trustless, non-custodial financial derivatives on BCH. BCHD: There is a big difference between Defi on Ethereum and Defi on BDH. On Ethereum, you actually send the token to the escrow agreement, and you will lose control of the token. On BCH, there is no need to trust or entrust any third party or third party agreement. Ethereum is a hosted Defi solution, and what Flipstarter will do is a non-custodial solution. Flipstarter: The BCH script system has been extended to make complex smart contracts possible, and it works differently from Ethereum contracts. We believe that in the long run, UTXO-based contracts will have more advantages. Follow-up: Why do you think UTXO-based contracts will have more advantages? Flipstarter: Compared with Ethereum's huge, centralized smart contracts, BCH is a combination of a small number of people and many contracts, which are hashed and stored on the chain. Privacy is guaranteed to a large extent. After opening, you don't know that it is a contract. Because of privacy, security is guaranteed, and it is easier to upgrade. Question 2: It is said that the BCH development team is too scattered, which will affect the development progress and efficiency. What do the teams think about this issue? Verde: Having multiple development teams can improve the stability of the agreement. Due to a single code base, Bitcoin's multiple errors have become part of the protocol, and the diversity of development can ensure that these differences are captured and they are not inadvertently entered into the protocol. In addition, the use of nodes in different languages can broaden the range of development talents. Not everyone likes C language or JAVA or GO. Therefore, the use of multiple computer assembly languages can increase the available talent pool. Question 3: For Flipstarter, who pays the developers in the end? Little P: Many communities have contributed different models before, and each method has successfully raised a lot of money. BCH has many invisible supporters, ROGER is a Giant whale, but there are other well-known BCH investors, such as MIKE KOMARANKSY and MARC DE MESEL. Many developers are very supportive of BCH, so their salary requirements are also very reasonable. Development teams with reasonable requirements, including Giant whale of BCH, are willing to continue to support and make additional investments when there is progress. The source of Flipstarter is a financing platform made by the EatBCH project, allowing the community to donate BCH to people in poor areas of the world. BCHD: BCHD works with other teams to develop advanced features and hopes to stimulate people's interest in new technologies such as Neutrino wallet and UTXO contracts. Our goal is to improve BCH as a whole to meet the needs of the ecosystem. BCHD is fortunate to have more contributors than other flipstarters. Not only a few people provided funding, but the entire BCH community united to support our efforts. We are very grateful for this! To BCHN: After Flipstarter's fundraising this time, we realized that there are indeed many senior talents, as long as you can tell them what you want to do. Those claims about the difficulty of fundraising on Flipstarter are untrue. But it does require thoughtfulness, planning, good communication, and good ideas. Flipstarter: We have completed 164 pledge activities, valued at 2039BCH (approximately US$510,000). 100% of Flipstarter's donations are voluntary. We created Flipstarter, a technical tool, and encouraged others to also create a platform and use it to build a business. You can learn more here: https://read.cash/@flipstarte-7e53d0e7 Knuth: At Knuth, we adapted the Flipstarter page to fund our future development. You can see the preliminary version of our new campaign: http://campaigns.kth.cash/ Question 4: How does BCH view POW and POS? Will you stick to POW? BCHN: In the foreseeable future, the BCH team will stick to POW. BCHD: The profit model of POW and POS is very different. BCHD believes that the profit model of POW cannot be replaced by other models, and POW has more advantages than other systems. Verde: You can watch our developer conference on YouTube. I have not heard of any plans to switch to POS. I think PoW is a principle we will adhere to, even if it is a minority on the public chain. Knuth: I have no answer. But all stakeholders need to agree on any change of this magnitude to make it happen. Flipstarter: https://read.cash/@flipstarteflipstarter-286c252e Here we discuss the working principle of Flipstarter and why it is safe. Question 5: Does BCH have plans to cooperate with other Internet giants now? BCHN: Bitcoin.com is cooperating with BRAVE browser. In this regard, ROGER is very capable, their wallets are cooperating with Huawei's new mobile phones. Verde: Ohio, Dublin and other local governments are using BCH for their digital identity and token systems. We also discussed with a large retailer how to use BCH SLP to get rewards. Little P: This is far away from developers at the protocol level, but there is more cooperation at the application level. Similar to VERDE, they use the BCH protocol to develop an ID card system with the local government and register on the chain. Question 6: BTC has lightning network and side chain technology. BSV has gone further on the road of capacity expansion. How can BCH build its own advantages and competitiveness in the future? BCHN: Many people think that all the problems of Lightning Network and Big Block technologies can be easily solved. Actually not, the Lightning Network is actually difficult to use, let alone side chains. BSV increases the block size, but the chain is unstable, and users cannot increase much. After all, adding some dispensable photos or videos does not have that big impact on the value. BCH should expand steadily while developing business needs. Little P: BSV has not resolved the 25tx limit, BCH has reached 50, and there will be more in the later period, but the CORE source code leaves us with too many problems and we have to solve them one by one. BCHD: BCH expansion is to increase capacity without sacrificing decentralization. The goal is above the demand, this is the premise. I think that while BCH can expand on the chain, layer2 is also considered. But the key is not to sacrifice on-chain expansion, and not to force users to trade on LAYER2, causing the main chain to become invalid. Flipstarter: There are many people who believe in BCH. They have been working on BCH since the establishment of BTC. Other cryptocurrencies can do other things, but BCH clearly wants to be the best P2P cash. Question 7: Does the Bitmain internal fight have any impact on BCH? Little P: I don't think so, I am also a miner. In terms of computing power, many miners actually support BCH. And Bitmain has maintained a neutral attitude for many years, because they will eventually need to go public and be profit-oriented. BCHN: On BCH, investors and developers are diverse. Activities like today can be organized more in the future. Let everyone understand that Bitmain is not the only one in the BCH ecosystem. Of course Bitmain has contributed to BCH, and we are also grateful for it. Question 8: Are there any well-known applications developed based on BCH? Flipstarter: This is a DeFi product developed by our General Protocols https://anyhedge.com/how-it-works/#simulator BCHD: BCH can now achieve the scale of PAYPAL. Our goal is to focus on market demand to ensure decentralization, which includes new research and development: GRAPHENE, BOBTAIL, etc.
Cryptocurrency Trading Experiment - FEAR vs FOMO - Week 4
Crypto trading experiment - FEAR vs FOMO - Week 4 I previously posted my experiment below to experiment with a simulation trading of five portfolios, with a control portfolio of bitcoin, competing against two "FOMO" and two "FEAR" portfolios (tracking the top or bottom performers in the top 100 and 200 CMC rankings). Each week the portfolios sell and rebalance into five coins. This is week 4 into the experiment - weeks, 1-3 posted below: https://www.reddit.com/CryptoCurrency/comments/huslrk/crypto_trading_experiment_fomo_vs_fear_week_1/ https://www.reddit.com/CryptoCurrency/comments/hwoezd/crypto_trading_experiment_fomo_vs_fear_week_1/ https://www.reddit.com/CryptoCurrency/comments/i0ilyn/crypto_trading_experiment_fomo_vs_fear_week_3/ Results are out for week 3 - lets see how our last performers did. New portfolios below with their purchase prices for each crypto and current total value (see the links above to see the previous holdings). Please note these are prices logged around 20 hours ago, so there is some time lag (including with the older portfolios which I am still tracking live): BTC 100%: $1,272 = +27% - BTC really is the king! Destroying all other alt returns right now. FOMO 100 = Elrond, Flexacoin (0.0048), Eth (318.59), LTC (54.85), BCH (285.62) - TOTAL value $1,001 (up from $970.94 - a 3% gain in the week) FOMO 200 = Travala (1.83) - +158%, Adex (0.2866), Solona (1.70), Elrond (0.02548), voyager (0.16818) TOTAL value $917.57 (down from $970.94 - a 5.4 fall) FEAR 100 = Ampleforth, Aurora (0.01156), Band (3.84), iExec RLC (1.11), Compound (132.79) Total value $1200,29 (up from $990.16 - a massive 21.2% gain in a week) FEAR 200 = Ampleforth (1.17), IRISnet (0.0474), RSR (0.009132), Haven (1.65), Velas (0.048962) Total value $1,023.41 (up 4.6% in the week). Notable performers were Band (up around 90%, partly thanks to a coinbase listing), Aurora (+58%), Iris (+40%), Elrond (-21%), ETH (+27%) and Ampleforth (down from US $1.17 to $0,80c). And note that the "FEAR" portfolios still did relatively well despite holding AMPL. So in order we now have the following total values: BTC 100% = $1,272 FEAR 100 = $1200.29 FEAR 200 = $1023 FOMO 100 = $1001 FOMO 200 = $917.57 We can also look at the values had we simply held any of the previous weekly portfolios (which I'm still tracking): FOMO 100 (week 1 = $1,184), (week 2 = $1053), FOMO 200 (week 1 = $1,082), (week 2 = $1,157) FEAR 100 (week 1 = $1007), (week 2 = $1,081) FEAR 200 (week 1 = $929), (week 2 = $1,019) So look at all possible portfolios - a 100% bitcoin portfolio beats everything! But the top portfolio is still the FEAR 10 portfolio at week 3 - very close at +20%. The worse possible performer is the current "FOMO 200" portfolio at $917 or around -8.5%. So interesting, this suggests that the rotation method of buying losers and reshuffling may be the best strategy, whereas always buying the winners is the worst! And that despite all that, so far, just holding BTC is the best! So as might be expected, buying into "losers" on the weekly really pays off compared to buying "winners" but so far BTC is king. Will this be the case if alt coins regain their shine? Rebalancing and rebuying into week 5 gives us four new portfolios to follow: FOMO 100: Band, Ocean, Bancor, Energy Web Token, Hedge Trade; FOMO 200: DOS, Akropolis, Bora, Band, Vidt FEAR 100: Ampleforth, Nexo, Elrond, Elasto, True Web Fear 200 - Digitex, Ampleforth, ABBC, Nexo, Elrond. What is notable is that now the "FEAR" portfolios share quite a few choices but in particular, AMPL remains in the Fear portfolios for two weeks in a row - I'm not sure we have had that before. Also - a few coins jump from FEAR to FOMO or vice visa - Band jumps from FEAR to FOMO, and ELROND jumps from FOMO to FEAR! Stay tuned for next weeks results.
nce a person starts using the Ethereum Code, he/she does not have to employ any other technical indicator or strategies of their own since the application takes care of the rest. All that one has to do is routinely monitor the performance of the bot and see that the trading parameters that had been set beforehand are left as they are.ditionally, the video also carries a message from Marc Weston, the CEO of Ethereum Code, in which he speaks about the core idea underlying the product. In his own words, the idea to create Ethereum Code came to him after he started talking to one of his office colleagues who had been able to amass quite a massive fortune by investing in Bitcoin at the turn of the last decade. https://preview.redd.it/ash1nbth76f51.jpg?width=1024&format=pjpg&auto=webp&s=bc6d86c15250b65bb721f1ce136cd461a302bd0b Let's review Ethereum Code bot and see if the automatic cryptocurrency trading platform is a scam or it is a legit software program that can truly produce real profits. ditionally, the video also carries a message from Marc Weston, the CEO of Ethereum Code, in which he speaks about the core idea underlying the product. In his own words, the idea to create Ethereum Code came to him after he started talking to one of his office colleagues who had been able to amass quite a massive fortune by investing in Bitcoin at the turn of the last decade. Let's review Ethereum Code bot and see if the automatic cryptocurrency trading platform is a scam or it is a legit software program that can truly produce real profits ame of Marc Weston. In his own words, prior to creating this novel trading bot, he worked as a backend staff member for a number of different multinational software corporations. However, he then decided to ditch his 9-5 career in favor of becoming a full-time crypto trader. Whether or not the validity behind Marc Weston is real or not remains to be seen as there is not much information made available to research more about his story and credentialsStep 1: Account Creation https://preview.redd.it/kjzalrsi76f51.jpg?width=770&format=pjpg&auto=webp&s=27b132c4e07f8a0f15580f68529e0b7d35af9070 As with any exchange platform. Ethereum Code also requires users to create their personal trading account. To do this, one has to click on the ‘start now’ button located at the top right side of the app’s landing page. Following this, users need to fill out their details (such as name, email address, country of residence, etc). Before submitting any money into the app, users are provided with an opportunity to run a full trial of the algorithms that govern the trading bot. In order to do this, all one has to do is go and click on the “Go to Demo”. Following this, the platform will automatically take you to a simulation zone where you will be given $1,500 worth of virtual funds. These funds can then be used for trading in real-life market conditions without any risks. The entire process is quite simple and it is recommended that the bot be left to do its thing for a period of at least 30 to 45 minutes. Once the aforementioned demo trading phase has concluded, users can proceed to deposit funds into their personal Ethereum Code accounts (given that they are satisfied with the overall efficacy of the platform first). In order to make a deposit, one has to click on the “Go to Live” button and then proceed with the deposit. Once the process has been initiated, users will be sent a message from the app’s admin staff. The entire process is quite streamlined but a deposit can take a few days to execute Step 4: Start the Trading Process Once all of the initial formalities are done, users can start using Ethereum Code by simply clicking on the red “Off” button under the “Auto Trading” tab. As soon as this is done, the app starts to source out the best available trade opportunities available at that given moment. What Makes Ethereum Code Bot Better Than Others? https://preview.redd.it/5p23njrj76f51.jpg?width=730&format=pjpg&auto=webp&s=61c00f9dee447b9b91a03900477fd9027bd13135 While none of this is factually provable upon reviewing The Ethereum Bot trading service, here is what the official website claims: (i) Easy to use: When compared to a number of other similar products available in the market today, Ethereum Code is extremely simple and straightforward to use (al any details related to their credit/debit cards or Paypal account. As a quick recap on the trending automated cryptocurrency trading software platform, let's answer the most pressing questions about Ethereum Code Bot A: The Ethereum Code Bot claims to be an automated trading software that analyzes current trading trends in the market using a state-of-the-art algorithm that automatically makes trading bets on your behalf. The accuracy, legitimacy and veracity of the Ethereum Code is largely unproven and unfounded despite the numerous claims of producing real results and profits for users. A: According to the official website, the Ethereum Code trading bot says the sky is the limit about profits it can earn for traders. Depending on the initial amount deposited, users are expected to earn daily profits which is all outlined in the members area. While the Ethereum Bot makers boldly state and would like to have you believe thousands of dollars are possible a day, it is likely not a reality for the majority if any. However, one might suspect some profit is available given the glorification of their trading bot software but it is a buyer beware opportunity to say the least. High risk, medium reward is possibly another way of putting it.: Apparently this amazing auto-trading bot is free to use for all users. It is unclear how much the full Ethereum Code software service price is despite being free to While there is never a magic software that can help investors get rich overnight, Ethereum Code seems to be a risky yet semi-legit tool that can allow users to maximize their crypto returns in the easiest, most hassle-free manner possible. To start making use of the ‘ground-breaking, automated cryptocurrency trading application', all one has to do is go to the official company website and follow the instructions that have been outlined there. The entire process is quite simple and should not take more than 10-15 minutes to complete. Just beware of the inherent risks in using an automated trading platform and service, as either are capable of failing and disappearing overnight. From using the actual Ethereum Code bot trading service and it being a scam to losing money on its automated investments, either are both possibilities that everyone should keep in mind if opting to try the Ethereum Code. There are other opportunities that may fit the scope of what your goals and needs are in terms of generating cryptocurrency profits like The Investment of the Decade and Crypto Income Quarterly that may be exactly what you are looking for versus using the automated crypto trading bot service, the Ethereum Code. https://www.cryptoerapro.com/the-crypto-genius/
Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter. The winner of the AMA contest is: ookhimself Congratulations. I will send you a DM on Reddit. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Why does your blockchain exist and what makes it unique? A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What is the Colossus Grid? A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:Is there any estimated date for the grid? What will set you apart from the opposition? A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available? A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks. A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken? A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project? A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again? A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: When can we expect the grid to come out? A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Can you tell the current budget for development work? A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness. A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately? A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU). -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero? A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages? A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network? A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power? A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place. The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Do you have any new exchange listings planned in the near future? A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table? A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊 -------------------------------------------------------------------------------------------------------------------------------------------------- Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT? A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX?There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.? A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value. Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards? Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain? Hope this wasn’t too many questions in one :), Ahmed A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive). As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most? A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue? A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:How will you fight with regulators who are trying to stop privacy coins? A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)? A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today. The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :) -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition. A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem? A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this? A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project? A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Does Tokens.net plan any kind of staking ($COLX or other coins)? A: We will reach out to the tokens.net team and see if they have any plans to allow staking. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project? A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:Do you have any special development funds for programmers? A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Why Android Wallet Revision hasn't been done? Any problems? A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:Whats the second biggest milestone other than the grid network for COLX team? A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: How is COLX team going to contribute to crypto adoption, other than building a robust network? A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter. We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:Are their industry partners to COLX that are awaiting your network to go live? A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis? A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net? A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
They allow the community voting option of only truly decentralized projects after a thorough screening.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q:Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers. A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks. A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC? A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Will you try to convince users to trade on tokens.net if so how will you do it? A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:How will you try to create liquidity for your pairs? A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:How big is a development team of #COLX? A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers. -------------------------------------------------------------------------------------------------------------------------------------------------- Q:Do you have some security guys in the team? A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years. -------------------------------------------------------------------------------------------------------------------------------------------------- Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it? A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Important Information: Website Whitepaper Roadmap Business Plan Wiki Governance Partners GitHub What is ColossusXT? (YouTube) --------------------------------------------------------------------------------- Follow ColossusXT on: Twitter Facebook Telegram Discord Forums --------------------------------------------------------------------------------- AMA History: 2018 Q12018 Q22018 Q32018 Q4 2019 Q12019 Q22019 Q32019 Q4 2020 Q1
Online gambling legislation and regulation. Starting your own gambling product.
Mobile gambling If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation. Mobile and Web Based Apps So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers. Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games. Most Popular Gambling Apps Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.
Sports Betting
Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.
Poker
Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.
Blackjack
Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.
Bingo
Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other. Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.
Slots
Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians. Virtual Money vs Real Money Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.
Virtual money
The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.
Real money gambling
Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only. What is an Online Gambling Licensing The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government. Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees. Countries that Provide Gambling Licensing Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.
Which gambling license is both internationally recognized?
The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more. In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.
International licensing
Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses. How to get a License on Curaçao
Documents necessary for company registration:
criminal record;
passport scans;
bank account confirmation;
documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
a document certifying the right of domain possession;
description of games planned to be used in the project;
a list indicating countries of potential operation;
illustration of server locations to be used in the project;
a copy of the agreement with a software provider.
Gambling license cost:
Bank account opening $1000
Company registration $3600
Company management per year $3600
Application processing fee $1000
License fee per year $4800
Equipment/software fee starting from $1500
Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license. Apple and Google Gambling Rules You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.
Apple Store
Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.
Play Store
Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store. Countries where gambling is illegal It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area. In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities. Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible. Starting your own gambling product Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
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