Beginners Guide to P2P on Binance: How to Trade on Binance ...

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@cz_binance: RT @Crypto_Potato: Our Brand New Binance Futures Beginner’s Guide & Exchange Review Thanks @cz_binance and @AG_Binance for another great @binance product #crypto #bitcoin $BTC $USDT https://t.co/OB5guCKgjq

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@binance: Kita-kits sa susunod na #Binance Meetup sa June 29! 🇵🇭 #BinanceIsGlobal Special guest speakers include Earl Dorado, author of “Blockchain & Bitcoins for Beginners” & @MiguelCuneta co-founder of Satoshi Citadel Industries. Register below ⬇️ https://t.co/97b52qWOLA https://t.co/IQhEjTMyEm

@binance: Kita-kits sa susunod na #Binance Meetup sa June 29! 🇵🇭 #BinanceIsGlobal Special guest speakers include Earl Dorado, author of “Blockchain & Bitcoins for Beginners” & @MiguelCuneta co-founder of Satoshi Citadel Industries. Register below ⬇️ https://t.co/97b52qWOLA https://t.co/IQhEjTMyEm submitted by rulesforrebels to BinanceTrading [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number

Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number

Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number
Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number
Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number
Bitcoin Helpline Number1⥫855⥫945⥫3166❖ Bitcoin Support Number
Bitcoinsupport number
Bitcoinprovides a platform for trading various crypto-currencies. It is a crypto currency exchange. With 1.3 billion market capitalization, Bitcoinis the largest crypto currency exchange. In this particular article, we are going to talk about the support team of Bitcoinand what you can benefit from it.
As I said earlier, it is a crypto currency exchange, there is a lot of confusion among the customers on different topics. The lack of information and support made them panic before trading in the crypto currency. Here, we explain everything you need to know about our exchange system and how can you use them to trade.
Contact us at Bitcoinsupport number to get a solution and help on:
  1. Two-factor authentication
  2. Withdrawal address white list
  3. Understanding limit and market order
  4. How to deposit on Bitcoinfrom any crypto currency wallet?
  5. Anti-phishing code guide.
We are providing you Bitcoinsupport number to resolve any kind of question and queries related to the Bitcoincrypto currency exchange. You may call us to get the support of any kind, related to our crypto currency exchange. You may submit a request for a solution to your problem and our team will help you get rid of that particular problem.
If you are a beginner and just getting started using Bitcoinand you are finding confusion or any kind of questions for us, you may call us at our Bitcoinsupport number. We will readily help you and lead you to the solution. We provide full support to our customers who are very beginner, you will just need to call us and ask the questions.
There is our Bitcoinapp which is very useful for our customers and it helps them in many ways by its very easy UI. But if you are finding it hard to use or getting tangled in it then again there is only one way you can get the solution and the best way is to call us on our customer support number.
Many of our customers need Binance's industry-leading API and in that case, they need to offer a different kind of documentation. If you are also applying for APIs then you will need the documentation and in that case, you may ask for help on our Bitcoinsupport number.
There is a two-factor authentication on Bitcoinand it is for the security of your assets. If you need help in setting up two-factor authentication on Binance, you can set up a withdrawal white list and benefit from it which will be an addition to the security of your assets. There is an anti-phishing code that will add an extra layer of security to your crypto currency. These are some topics on which people need help and support many times and we are here to help them and support them. Whether it is a deposit on Bitcoinor the role of market order in crypto currency or the limit order which place on the order book. You will get the answer to all of your questions. Here is our Bitcoinsupport number and contact us to clear any kind of confusion, questions, or help.
submitted by Aromatic_Ad6994 to u/Aromatic_Ad6994 [link] [comments]

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Bitcoin Support (phone) Number ฿855(945)3166 ♈ Bitcoin phone number

Bitcoin Support (phone) Number ฿855(945)3166 ♈ Bitcoin phone number
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Bitcoin Support (phone) Number ฿855(945)3166 ♈ Bitcoin phone number
Bitcoin Support (phone) Number ฿855(945)3166 ♈ Bitcoin phone number
Bitcoinsupport number
Bitcoinprovides a platform for trading various crypto-currencies. It is a crypto currency exchange. With 1.3 billion market capitalization, Bitcoinis the largest crypto currency exchange. In this particular article, we are going to talk about the support team of Bitcoinand what you can benefit from it.
As I said earlier, it is a crypto currency exchange, there is a lot of confusion among the customers on different topics. The lack of information and support made them panic before trading in the crypto currency. Here, we explain everything you need to know about our exchange system and how can you use them to trade.
Contact us at Bitcoinsupport number to get a solution and help on:
  1. Two-factor authentication
  2. Withdrawal address white list
  3. Understanding limit and market order
  4. How to deposit on Bitcoinfrom any crypto currency wallet?
  5. Anti-phishing code guide.
We are providing you Bitcoinsupport number to resolve any kind of question and queries related to the Bitcoincrypto currency exchange. You may call us to get the support of any kind, related to our crypto currency exchange. You may submit a request for a solution to your problem and our team will help you get rid of that particular problem.
If you are a beginner and just getting started using Bitcoinand you are finding confusion or any kind of questions for us, you may call us at our Bitcoinsupport number. We will readily help you and lead you to the solution. We provide full support to our customers who are very beginner, you will just need to call us and ask the questions.
There is our Bitcoinapp which is very useful for our customers and it helps them in many ways by its very easy UI. But if you are finding it hard to use or getting tangled in it then again there is only one way you can get the solution and the best way is to call us on our customer support number.
Many of our customers need Binance's industry-leading API and in that case, they need to offer a different kind of documentation. If you are also applying for APIs then you will need the documentation and in that case, you may ask for help on our Bitcoinsupport number.
There is a two-factor authentication on Bitcoinand it is for the security of your assets. If you need help in setting up two-factor authentication on Binance, you can set up a withdrawal white list and benefit from it which will be an addition to the security of your assets. There is an anti-phishing code that will add an extra layer of security to your crypto currency. These are some topics on which people need help and support many times and we are here to help them and support them. Whether it is a deposit on Bitcoinor the role of market order in crypto currency or the limit order which place on the order book. You will get the answer to all of your questions. Here is our Bitcoinsupport number and contact us to clear any kind of confusion, questions, or help.
submitted by HistorianAwkward6733 to u/HistorianAwkward6733 [link] [comments]

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Bitcoin Toll Free Number ♜+〈⊹1〉855﹀945﹀3166 ☎️ Bitcoin helpline number @##%%@# USA TEXAS ##TAKEDOWN
Bitcoinsupport number
Bitcoinprovides a platform for trading various crypto-currencies. It is a crypto currency exchange. With 1.3 billion market capitalization, Bitcoinis the largest crypto currency exchange. In this particular article, we are going to talk about the support team of Bitcoinand what you can benefit from it.
As I said earlier, it is a crypto currency exchange, there is a lot of confusion among the customers on different topics. The lack of information and support made them panic before trading in the crypto currency. Here, we explain everything you need to know about our exchange system and how can you use them to trade.
Contact us at Bitcoinsupport number to get a solution and help on:
  1. Two-factor authentication
  2. Withdrawal address white list
  3. Understanding limit and market order
  4. How to deposit on Bitcoinfrom any crypto currency wallet?
  5. Anti-phishing code guide.
We are providing you Bitcoinsupport number to resolve any kind of question and queries related to the Bitcoincrypto currency exchange. You may call us to get the support of any kind, related to our crypto currency exchange. You may submit a request for a solution to your problem and our team will help you get rid of that particular problem.
If you are a beginner and just getting started using Bitcoinand you are finding confusion or any kind of questions for us, you may call us at our Bitcoinsupport number. We will readily help you and lead you to the solution. We provide full support to our customers who are very beginner, you will just need to call us and ask the questions.
There is our Bitcoinapp which is very useful for our customers and it helps them in many ways by its very easy UI. But if you are finding it hard to use or getting tangled in it then again there is only one way you can get the solution and the best way is to call us on our customer support number.
Many of our customers need Binance's industry-leading API and in that case, they need to offer a different kind of documentation. If you are also applying for APIs then you will need the documentation and in that case, you may ask for help on our Bitcoinsupport number.
There is a two-factor authentication on Bitcoinand it is for the security of your assets. If you need help in setting up two-factor authentication on Binance, you can set up a withdrawal white list and benefit from it which will be an addition to the security of your assets. There is an anti-phishing code that will add an extra layer of security to your crypto currency. These are some topics on which people need help and support many times and we are here to help them and support them. Whether it is a deposit on Bitcoinor the role of market order in crypto currency or the limit order which place on the order book. You will get the answer to all of your questions. Here is our Bitcoinsupport number and contact us to clear any kind of confusion, questions, or help.
submitted by TeacherOk7362 to u/TeacherOk7362 [link] [comments]

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Bitcoinsupport number
Bitcoinprovides a platform for trading various crypto-currencies. It is a crypto currency exchange. With 1.3 billion market capitalization, Bitcoinis the largest crypto currency exchange. In this particular article, we are going to talk about the support team of Bitcoinand what you can benefit from it.
As I said earlier, it is a crypto currency exchange, there is a lot of confusion among the customers on different topics. The lack of information and support made them panic before trading in the crypto currency. Here, we explain everything you need to know about our exchange system and how can you use them to trade.
Contact us at Bitcoinsupport number to get a solution and help on:
  1. Two-factor authentication
  2. Withdrawal address white list
  3. Understanding limit and market order
  4. How to deposit on Bitcoinfrom any crypto currency wallet?
  5. Anti-phishing code guide.
We are providing you Bitcoinsupport number to resolve any kind of question and queries related to the Bitcoincrypto currency exchange. You may call us to get the support of any kind, related to our crypto currency exchange. You may submit a request for a solution to your problem and our team will help you get rid of that particular problem.
If you are a beginner and just getting started using Bitcoinand you are finding confusion or any kind of questions for us, you may call us at our Bitcoinsupport number. We will readily help you and lead you to the solution. We provide full support to our customers who are very beginner, you will just need to call us and ask the questions.
There is our Bitcoinapp which is very useful for our customers and it helps them in many ways by its very easy UI. But if you are finding it hard to use or getting tangled in it then again there is only one way you can get the solution and the best way is to call us on our customer support number.
Many of our customers need Binance's industry-leading API and in that case, they need to offer a different kind of documentation. If you are also applying for APIs then you will need the documentation and in that case, you may ask for help on our Bitcoinsupport number.
There is a two-factor authentication on Bitcoinand it is for the security of your assets. If you need help in setting up two-factor authentication on Binance, you can set up a withdrawal white list and benefit from it which will be an addition to the security of your assets. There is an anti-phishing code that will add an extra layer of security to your crypto currency. These are some topics on which people need help and support many times and we are here to help them and support them. Whether it is a deposit on Bitcoinor the role of market order in crypto currency or the limit order which place on the order book. You will get the answer to all of your questions. Here is our Bitcoinsupport number and contact us to clear any kind of confusion, questions, or help.
submitted by Ok_Administration654 to u/Ok_Administration654 [link] [comments]

Bitcoin Customer Support Number ☎️+𝟏⤣𝟖𝟓𝟓⤣𝟗45⤤3166 ✆+☏ Bitcoin Customer Care phone Number Bitcoin Phone Number #@#@!#!$%^^ TEXAS

Bitcoin Customer Support Number ☎️+𝟏⤣𝟖𝟓𝟓⤣𝟗45⤤3166 ✆+☏ Bitcoin Customer Care phone Number Bitcoin Phone Number

Bitcoin Customer Support Number ☎️+𝟏⤣𝟖𝟓𝟓⤣𝟗45⤤3166 ✆+☏ Bitcoin Customer Care phone Number Bitcoin Phone Number
Bitcoin Customer Support Number ☎️+𝟏⤣𝟖𝟓𝟓⤣𝟗45⤤3166 ✆+☏ Bitcoin Customer Care phone Number Bitcoin Phone Number
Bitcoinsupport number
Bitcoinprovides a platform for trading various crypto-currencies. It is a crypto currency exchange. With 1.3 billion market capitalization, Bitcoinis the largest crypto currency exchange. In this particular article, we are going to talk about the support team of Bitcoinand what you can benefit from it.
As I said earlier, it is a crypto currency exchange, there is a lot of confusion among the customers on different topics. The lack of information and support made them panic before trading in the crypto currency. Here, we explain everything you need to know about our exchange system and how can you use them to trade.
Contact us at Bitcoinsupport number to get a solution and help on:
  1. Two-factor authentication
  2. Withdrawal address white list
  3. Understanding limit and market order
  4. How to deposit on Bitcoinfrom any crypto currency wallet?
  5. Anti-phishing code guide.
We are providing you Bitcoinsupport number to resolve any kind of question and queries related to the Bitcoincrypto currency exchange. You may call us to get the support of any kind, related to our crypto currency exchange. You may submit a request for a solution to your problem and our team will help you get rid of that particular problem.
If you are a beginner and just getting started using Bitcoinand you are finding confusion or any kind of questions for us, you may call us at our Bitcoinsupport number. We will readily help you and lead you to the solution. We provide full support to our customers who are very beginner, you will just need to call us and ask the questions.
There is our Bitcoinapp which is very useful for our customers and it helps them in many ways by its very easy UI. But if you are finding it hard to use or getting tangled in it then again there is only one way you can get the solution and the best way is to call us on our customer support number.
Many of our customers need Binance's industry-leading API and in that case, they need to offer a different kind of documentation. If you are also applying for APIs then you will need the documentation and in that case, you may ask for help on our Bitcoinsupport number.
There is a two-factor authentication on Bitcoinand it is for the security of your assets. If you need help in setting up two-factor authentication on Binance, you can set up a withdrawal white list and benefit from it which will be an addition to the security of your assets. There is an anti-phishing code that will add an extra layer of security to your crypto currency. These are some topics on which people need help and support many times and we are here to help them and support them. Whether it is a deposit on Bitcoinor the role of market order in crypto currency or the limit order which place on the order book. You will get the answer to all of your questions. Here is our Bitcoinsupport number and contact us to clear any kind of confusion, questions, or help.
submitted by No-Natural1132 to u/No-Natural1132 [link] [comments]

Removed comments/submissions for /u/durad_a

Hi durad_a, you're not shadowbanned, but 31 of your most recent 64 comments/submissions were removed (either automatically or by human moderators).

Comments:

fmkrld2 in dashpay on 06 Apr 20 (1pts):
That’s why I trade on Naijacrypto,the zero trading fee
fhalkx6 in memes on 11 Feb 20 (1pts):
I see Billie Eilish!!!!!!!!!!!!!!!
fh26mvi in BitcoinBeginners on 09 Feb 20 (1pts):
NAIJACRYPTO
fh25f8n in CryptoCurrency on 09 Feb 20 (1pts):
10k again!!!!!!
fh257iu in BitcoinBeginners on 09 Feb 20 (1pts):
That totally depend on your location. Quite a number exchanges are beginner friendly but the questions is are they allowed to operate in your country.
fgjxqxb in CryptoCurrency on 04 Feb 20 (1pts):
The word above it says ATM , a bitcoin ATM is in the store. Good though!
fgjvz8y in Crypto_Currency_News on 04 Feb 20 (1pts):
Nice move!
fgjvfd1 in Bitcoin on 04 Feb 20 (1pts):
Something is wrong with YAHOO!!
fgf2uyd in Bitcoin on 03 Feb 20 (1pts):
Too much to take in and digest at ones.
ffzlm27 in Bitcoin on 30 Jan 20 (1pts):
Louder please!!! Some people can’t hear you at the back
ffzhxyc in memes on 30 Jan 20 (1pts):
No need I got Twitter 😄😄
ffzhu4l in memes on 30 Jan 20 (1pts):
Teacher : “in class” 2+y= 5 ,find y
Teacher : “Assignment” 2+y>x+xyz[xyzx]=20%xyz, find xyz
Me:
ffzhhch in memes on 30 Jan 20 (1pts):
They lied to us from the beginning!!
ffzhdrn in memes on 30 Jan 20 (1pts):
Can you get 6969 comments?
Let’s do it
ffzhcce in memes on 30 Jan 20 (1pts):
Coooooooooooooooooooooooool
ffzhb9z in memes on 30 Jan 20 (1pts):
Niiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii...
ffzh0ys in Bitcoin on 30 Jan 20 (1pts):
Lol
I keep watching this over and over again
ff8rpg4 in BitcoinBeginners on 22 Jan 20 (1pts):
That will depend on the country you are in presently. However try Naijacrypto.com You can trade with very low fee.
femh54w in Africa on 17 Jan 20 (1pts):
Others on the list include Pakistan, Syria, Libya etc . What’s the similarity between all of them ?
SECURITY. These countries lack security for its citizens. Here in Nigeria, different groups keep...
femguqz in Crypto_Currency_News on 17 Jan 20 (1pts):
I’m looking at another acquisition already. If this goes through, this is going to be Binance 5th acquisition
fegodui in Nigeria on 15 Jan 20 (2pts):
Means “Indigenous people of Biafra”
fegm7mv in BitcoinBeginners on 15 Jan 20 (1pts):
I will say Naijacrypto, it has zero deposit fees and zero trading fees. www.naijacrypto.com
fegazje in BitcoinBeginners on 15 Jan 20 (1pts):
With Zero trading fees I think www.naijacrypto.com is the platform
f3p5y9k in BitcoinBeginners on 14 Oct 19 (2pts):
Most of the good exchanges do not determine the prices. The users do. Users sell and buy at prices that favors them
f3p5lev in BitcoinBeginners on 14 Oct 19 (1pts):
You can sell to exchanges, I’ve being using [Naijacrypto ](naijacrypto.com) for a while now. Trading is always fast. They have quite a number of active traders and deposit is free
f0hx86n in Cryptocurrency_Daily on 16 Sep 19 (1pts):
What's your view on https://naijacrypto.com
f0hunw5 in ethtrader on 16 Sep 19 (0pts):
Lol, swallow more please!

Submissions:

ew322k in AskFeminists on 30 Jan 20 (1pts):
How can I be a feminist and not compete with my boyfriend?
ev3hso in BitcoinBeginners on 28 Jan 20 (1pts):
Bitcoin Halving, What’s your take on this event?
erddil in BitcoinBeginners on 20 Jan 20 (1pts):
How does Blockchain Hackathon work?
dho9wc in BitcoinBeginners on 14 Oct 19 (1pts):
Trading competition with free entry
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

My mom just bought herself a Trezor One; What services/websites/advice would you recommend to give her an idea of crypto's various use cases?

Hey all! I first became interested in cryptocurrency in early 2017 as I'm sure many people did. I remember visiting my parents that October and just bombarding them with how excited I was, what an opportunity it was, yadda yadda yadda. The typical "I JUST GOT INTO CRYPTO AND NOW EVERYONE I KNOW MUST KNOW ABOUT IT" mentality. As one might expect ol' mama & papa were not super receptive but not necessarily dismissive.
...so color me surprised when, after briefly talking about crypto again with my mom today on the phone, she starts texting me asking about the difference between the Trezor One and the Model T. I thought she was trying to figure out a suitable gift for my birthday that's coming up soon until she started asking which one would be more suitable for a beginner. I suggested the One despite the pretty touchscreen on the Model T as it just felt like overkill. She's not gonna be on Binance juggling altcoins all over the place (at least I don't think so...) so I told her the Trezor One would be totally suitable for her to use and sure enough, she bought one!
I'm flabbergasted. She has NEVER shown any interest in crypto outside of me occasionally talking about a project I find interesting. She didn't say anything about trying to make money and I wasn't talking about altcoins pumping like crazy so she isn't doing it as some get rich quick scheme, she just...went ahead and bought herself a Trezor. She works at a bank for crying out loud. Did I mention I'm flabbergasted?
The whole situation is really exciting for me because I really do love my mom and we get along great but we share hardly any common interests so this could be a great opportunity to bring us closer together.
----
So as the title says, dear reader: What kinds of things would you recommend I show her? I'm planning on helping her set up the device when she gets it as well as sending her a small amount of BTC or LTC to play around with but despite my love of the stuff I'm blanking on what I could have her do with it that would really impress her or interest her. I was thinking to maybe start with something like Coinbase Earn because she could get a little bit of money and it could help her understand crypto assets that AREN'T Bitcoin. Thoughts? Ideas? Opinions?
For reference she lives in rural Indiana near Indianapolis and is fast approaching 60 years old. She loves horses, gymnastics, cats and dogs, and gluten-free food. She also loves her beautiful, beautiful son (or so I'm told).
Thanks!
LD
submitted by luscious_duncan to BitcoinBeginners [link] [comments]

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43%

Full blog post with all the tables here.

tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended 2018 down 85%, my $1000 worth only $150. I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Seventeen – UP 43%

Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.

Question of the month:

In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?
A) Moons
B) Bricks
C) Satoshis
D) Cryptos
Scroll down for the answer.

Ranking and March Winners and Losers

Besides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.
Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos.
May WinnersEthereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%.
May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot.
For nerds those keeping score, here is tally of which coins have the most monthly wins and loses during the first seventeen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in six out of seventeen months.

Overall update – BTC increases lead over second place BSV, XRP still worst performing

Ahead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.
As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment.
At the other end, XRP continues to struggle, now down -41% since January 2019.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.

Bitcoin dominance:

BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, the range since the beginning of the experiment in January 2019 has been between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.
Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month:
Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019).
How does the 2019 Top Ten Experiment compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.
That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
How does this compare to traditional markets?

How does the 2019 Top Ten portfolio compare US stock market?

Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500.
The initial $1k investment I put into crypto would be worth $1,220 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$140
  • $1000 investment in S&P 500 on January 1st, 2019: +$220
  • $1000 investment in S&P 500 on January 1st, 2020: -$50
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.
That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market).

Implications/Observations:

The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment.
For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month.

Conclusion:

The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?
Final word: Please take care of yourselves, your families, and your communities. Stay safe out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Moons
According CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

DAILY MEGA THREAD THOUSANDS IN REFERRALS SOFI,CHIME, ASPIRATION +++(GET ADDED TO THE CHAIN WITH VERIFICATION OF COMPLETION, LINKS ROTATE EVERYDAY LET'S MAKE MONEY TOGETHER)

This daily Reddit threads goal is to share referral program links in the form of a chain system. To be included in the referral chain; one must submit verification of referral completion (a screenshot will suffice) and their referral link via pm or in a response to the thread to keep it honest. We should all make money from this community. I aim to include as many referral programs possible.
Each referral comes with a warning if there is risk involved. I believe in full transparency.
If your looking for the best affiliate program, you've found it! We help each other here and everyday we change the links to share the wealth.
All of the refer a friend programs we've found will be listed below. I am trying to create the most amazing referral exchange on the internet with full transparency.
Our hope is to help you get paid daily by these Referral programs in exchange for you being the referee! When you ask how to get referrals for websites online, this thread should be your first answer!!!
Make sure to include your referral ID when submitting your link referral.
Banks
Referral link-
SoFi Money: $50 for depositing $500 from any source.
https://www.sofi.com/invite/money?gcp=e65d8ea1-fd35-40bc-b801-547c3fc6e749
SoFi is a bank/app that give out $50 for anyone who signs up for a SoFi Money (bank) account using a referral code and deposits $500 from any source. So all you have to do is open an account with a referral link, deposit $500, and then instantly collect the bonus and then take it all back.
And you can close the account at any time with no fees or consequences
referral link-
https://www.sofi.com/invite/money?gcp=e65d8ea1-fd35-40bc-b801-547c3fc6e749
SoFi Invest: $50 for $1000 deposit from any source, and $25 worth of bitcoin for buyin g $10 worth of bitcoin on SoFi Crypto.
https://www.sofi.com/share/invest/3285551
Chime: $50 for $200 direct deposit (can easily get around direct deposit requirement, please see details below).
Chime is a bank/app which pays you a $50 bonus for opening an account via a referral code making a $200 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail).
A "direct deposit" technically means that they want you to deposit the money right from payroll, Social Security, or other direct payment, but you can actually meet this requirement simply by transferring in $200 from virtually any source including bank accounts, cashapp, etc.
referral link- https://chime.com/jesselewis11
Aspiration: $50 for spending $250 with their debit card within 3 months, and extra $100 for $1000 spend in 3 months.
https://my.aspiration.com/app/token/referral/6VPHJ09AP6QEV78Jb
Aspiration is an online bank which is offering a free $50 bonus for simply opening an account via a referral link and spending $250, and an extra $100 for $1000 spend in 3 months.
So all you have to do is open an account using a referral link, spend $250/1000 using their debit card within 3 months, and then you will get $50/150 added to your account! No fees and close whenever you want.
referral link- https://my.aspiration.com/app/token/referral/6VPHJ09AP6QEV78J
Stash: $20 for $5 deposit from any source.
https://get.stash.com/jesse_gqcj7qh
Stash is a finance app that gives out $20 for anyone who signs up for the Stash bank or Stash Invest account via this referral link and deposits at least $5 from any source. So all you have to do to get the bonus is open an account with a referral link and deposit $5.
We recommend opening a beginner account for $1 a month, and to then close your account after 1 month after you get your $20 bonus.
referral link- https://get.stash.com/jesse_gqcj7qh
N26
To earn 5 dollars: All you have to do is use your new N26 card to make a purchase of $10 or more.
https://n26.com/jessel0355
Card.com
This referral program is very easy all you have to do is set up $200 worth of direct deposits in 30 days and you will receive a $50 bonus.
https://www.card.com/referral-invite/10153558?chn=raf-f&raf_version=8dfad0e

Stocks
Webull: 2 free stock (worth $8-$ 1600 each) for opening an account and making a $100 deposit.
https://act.webull.com/mo/xZWa45w2qoXgbi/inviteUs/
Webull is a commission free stock trading platform/app which is giving out 2 free stocks (worth $8-$1600 each) for opening an account via this ever-changing referral link and making a $100 deposit.
Webull can be used on iOS, Android or the website.
referral link- https://act.webull.com/mo/xZWa45w2qoXgbi/inviteUs/
Public: 1 free stock worth up to $50 for opening an account.
http://share.public.com/daysndaze
Public is another commission free stock trading app which gives you a free stock (valued up to $50) when you create an account with this referral link. No initial deposit is required.
Available on iOS or Android.
referral link- http://share.public.com/daysndaze
FirstTrade: 1 free stock worth $3 - $200 (I got Microsoft!) simply for opening an account. No deposit required.
https://share.firstrade.com/MilaAQOK
FirstTrade is a commission-free stock trading app which gives you a free stock (valued up to $200) when you open an account via a referral link. No initial deposit is required.
Available on iOS or Android only.
referral link- https://share.firstrade.com/MilaAQOK
Dough: 1 free stock worth $2 - $200 simply for opening an account. No deposit required ($25 deposit required before first withdrawal, but you can then withdraw that too).
https://dough.com/referrals?referral=5BKGKBR95V&referredby=Jesse
Dough is a commission free stock trading app which gives you a free stock (valued $2- $200) when you open an account via a referral link. No initial deposit is required, though you need to deposit $25 in order to make your first withdrawal (you can also withdraw your initial $25 too).
Available for iOS or Android only.
referral link- https://dough.com/referrals?referral=5BKGKBR95V&referredby=Jesse
TradeUP: 1 free stock worth $2.50-250 just for opening an account, and an optional second stock worth $8-$1000 for making a $100 deposit from any source.
https://tradeup.marsco.com/activity/market/us-open-price/#/share?invite=T8WH47
TradeUP is a commission free stock trading app which gives you a free stock (valued $2.50-250) for opening an account via a referral link. No deposit required.
Additionally, they will give you a second stock (valued $8-$1000) for making a $100 deposit.
Available for iOS or Android only.
referral link- https://tradeup.marsco.com/activity/market/us-open-price/#/share?invite=T8WH47
Robinhood: 1 free stock worth $2.50- $200 for opening an account. No deposit required.
https://join.robinhood.com/jessel2353
Robinhood is a stock trading platform/app which gives you a free stock (valued $2.50 - $200) when you open an account via a referral link. No initial deposit is required.
Available on iOS and Android, or you can use their website.
referral link- https://join.robinhood.com/jessel2353
Acorns: $5 for $5 deposit from any source (additional steps required, please see below details).
https://www.acorns.com/invite/9B9FGQ
Acorns is an online investing app (iOS or Android) which is offering a free $5 bonus for simply opening an account via a referral link, depositing $5, and keeping the money in the account until the 15th of the following month. You can then withdraw the money and close the account, fee free!
If you keep the account longer, they may charge you a $3 fee, so be sure to close it after the 15th on the following month from when you signed up.
Acorns is available on iOS and Android, or you can use their website.
referral link- https://www.acorns.com/invite/9B9FGQ
Cryptocurrency
Voyager: Free $25 worth of Bitcoin for trading $100 on the app. Open these link from mobile:
IOS: I recommend investing in litecoin last month it hit a high of $60 and it's trading for 45 right now.
Android: I'm inviting you to start investing in crypto with Voyager. Download the app and trade $100 to get $25 of free Bitcoin.
Use code JESEB9 or this link to claim your BTC:
https://go.onelink.me/4gTreferral?af_sub5=JESEB9
Voyager is a crypocurrency trading app (iOS/Android only) which will pay you $25 in free bitcoin for trading $100 on the app.
Referral link-
iOS/Android
https://go.onelink.me/4gTreferral?af_sub5=JESEB9
Celsius: Free $20 for depositing $200 worth of cryptocurrency.
https://celsiusnetwork.app.link/1345845e7e
Celsius is a cryptocurrency investing platform which will give you $20 for signing up using a referral code and depositing $200 worth of cryptocurrency.
You can then withdraw the full $220 and close your account fee free. Once again I recommend investing in litecoin to get around the fee. You should earn your money back within a month.
https://celsiusnetwork.app.link/1345845e7e
Crypto.com: Free $50 for "staking" (buying and holding) 1000 CRO (approximately $170) for 1 bmonths. (Make sure to enter the referral code of the day jgyync2nba)
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submitted by woodp3cker20 to clicksforbeermoney [link] [comments]

Earning cryptocurrencies with "Horizen Academy"

A new type of Faucet makes its debut thanks to the combination of crypto Zen and the Binance exchange. We anticipated its existence in our introductory article and from today, thanks to this, it will be possible to earn cryptocurrencies with Horizen Academy. You can also send the claim reward to a personal wallet that Horizen itself makes available on a page that lists those that support the crypto:

https://www.horizen.global/wallets/

Earn cryptocurrencies with Horizen Academy
Once you have made the necessary registrations, you will be able to access the home page that will immediately show the faucet that will reward you with the ZenCash crypto. The procedure is very simple: enter your Zen address taken from Binance or your personal wallet, solve the captcha and make the claim. You can do it every 20 hours.


If done every day, the multiplier at the top will start to rise from 1.2x up to 2x. On the fifth consecutive day the bonus round will be activated that will allow you to win up to one Zen. By associating your social accounts with Zen's, you will further increase the multiplier.
You will get a later augmentation of the applicator by verifying your Horizen address (via app or Sphere for desktop) or by downloading the Brave browser.


The top menu offers the classic useful links:


- Referral, to generate your referrals URL. Each time one of your subscribers makes the claim, the "Claim Now" button will appear next to their nickname. The video on the instruction page will help you understand better.


- Support, opens the page for technical support, the Horizen Service Desk.


- Instructions, is a complete list of instructions and insights on the faucet and on the site itself. Much more than a simple FAQ section. Enriched with several videos that will remove any doubts that arise in your mind when you browse the site.


The Horizen Academy.

For more information you can visit the official website of the project at the following link:
https://academy.horizen.global/


The Horizen academy was created with the aim of sharing and deepening blockchain technology with all fans, both for beginners and for those already knowledgeable on the subject. The site offers 3 levels of detail. The project is very interesting and definitely worth dedicating a little time to it.

We greet you again remembering that we are always available for any advice or changes to our articles. See you soon!


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

2018 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2018 - Jan 2020 Update - Down -80%
Full blog post with all the tables
**NOTE** - I usually like to release the updates a day apart, but I'll be spacing out the Top Ten 2018, 2019, and 2020 a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical). **END NOTE**
tl;dr - Alt-lead rally in January, but Bitcoin still in comfortable overall lead. NEM still in the basement. Dash crushes competition in January. January 2020 was easily the best start to a year since the experiments began in 2018.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Twenty-Five- Down 80%

After two straight down months to end last year, 2020 started off with a bang. Every 2018 Top Ten crypto finished the month in the green, a rare event for the 2018 Top Ten and something this grouping hasn’t seen since May 2019. The “worst” performing crypto still gained about +25% in January (XRP).

Ranking and January Winners and Losers

Six out of the Ten Top cryptos were on the move this month, most gaining ground. Bitcoin Cash climbed back to 4th place, up one from last month. Cardano and IOTA both advanced three places to #10 and #20 respectively. Dash made a massive leap this month, gaining 10 places from #26 to #16, the largest month to month move for any coin (in any direction) since this experiment began in 2018.
On the other hand, even though they both had great months, Litecoin (+68%) fell one spot and Stellar (+34%) slipped three spots to settle at positions #7 and #14 respectively.
January WinnersDash blew everyone out of the water during the first month of 2020 gaining an astounding +184% and climbing 10 positions in the rankings. Bitcoin Cash and IOTA finished in a virtual tie for second place, both up about +87%.
January LosersXRP under-performed the pack, but still finished January up +24%. And Bitcoin, despite receiving most of the headlines in early 2020, couldn’t keep pace with its altcoin peers “only” gaining +31%.
For those keeping score, here is tally of which coins have the most monthly wins and losses in the first 25 months of the 2018 Top Ten Crypto Index Fund Experiment. Most monthly wins (6): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win and Bitcoin now stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020).

Overall update – Bitcoin still with healthy lead, alts recover a bit, NEM still at the bottom

Down -46% just last month, Bitcoin made up a lot of ground in January 2020 and now is down -29% since the beginning of the experiment in 2018. Litecoin is now safely in second place at -68%, then comes Ethereum in third, down -75%.
NEM remains stuck at the bottom, down -95% despite a strong +48% gain in January. Cardano and IOTA join NEM as the three cryptos that are down over -90% since January 2018.
40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Stellar. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market gained approximately $67B in January 2020, up about +36%. After two months under $200B, the overall market cap is now back over $250B, a level not seen since September 2019. So, yes a good January 2020, but for some perspective: since January 2018, the total market cap is down -55%.

Bitcoin dominance:

As could be inferred by its relative under-performance compared to altcoins this month, Bitcoin dominance dropped to 66% in January 2020. It was near this level a few months ago, in early December 2019.
For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained about $65 in January 2020. If I cashed out today, my $1000 initial investment would return $202, down -80%.
Here’s a look at the entire experiment, month by month:
As you can see, nothing but red. The closest this group has come to breaking even was after the very first month.
The 2019 Top Ten Experiment and the just launched 2020 Top Ten Experiment are both doing much better:
(Yes, this feels like the world’s slowest dollar cost averaging)
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,382.
That’s up about 12.7%.

Implications/Observations:

As always, the experiment’s focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -55% from January 2018, the cryptos that began 2018 in the Top Ten are down -80% over the same period. This of course implies that I would have done a bit better if I’d picked different cryptos.
At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-five months compared to the market overall. There are a few examples, however, of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment and, spoiler alert, the first update of the 2020 Top Ten Crypto Experiment shows that focusing on the Top Ten was a good strategy in January.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +21% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$210 had it been redirected to the S&P.
Taking the same $1,000 per year in January approach with the S&P 500 would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

After whimpering across the 2019 finish line, crypto has begun 2020 with a roar. A rare all green January for the 2018 Top Ten cryptos is hopefully a good sign for the year to come.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

2020 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Jan 2020 Update - Up 55%
Full blog post with all the tables
edit: even if it was possible to alter the title, I don't think I would - enjoying the time travel comments! Apologies for the typo, fighting a bit of jet lag!
tl;dr - 2020 group off to a strong start, up +55% in January, but trail the 2019 Top Ten, which are up +63%. BSV crushes the competition in January. Focusing on the 2020 Top Ten cryptos paid off in January, a rarity for these experiments. Not a reader? This dude made a video of the findings.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Thirteen – UP 55%

If you’re just finding the experiment now, welcome. You have some catching up to do. Let me explain. No, there is too much. Let me sum up.
On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. I then extended the 2018 experiment repeated the process with the new 2019 Top Ten group of cryptos. How is it going?
After two years the 2018 Top Ten were down -86%.
After one year the 2019 Top Ten broke just about even (up +2%).
I decided to keep things going in 2020, so I repeated the experiment yet again. The round three coins are:
Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, and Tezos are the coins I’ll be tracking as part of the 2020 Top Ten Crypto Index Fund Experiment.
Let’s get into it. Here’s the 2020 Top Ten Crypto Experiment update for January.

Month One – UP 55%

Well there’s something you don’t see everyday. Or at least I don’t after twenty five months of running these experiments: an all green month. Great start for the 2020 batch and by far the strongest January since the Top Ten experiments started in 2018.

Ranking and January Winners and Losers

Except for the top three (BTC, ETH, and XRP), there was a ton of movement in January, most of it downward. Tezos crashed hard, down from #10 to #15 and becomes the first to drop out of the Top Ten. Tether dropped two places, always a good sign for the rest of the group. BSV gained the most ground advancing four spots in the rankings.
January WinnersBSV dominated the field finishing January up +181%. Bitcoin Cash finished a distant second place gaining +78%.
January LosersTether, which is always great news for the rest of the pack. XRP finished in second place “only” up +25%.
For those keeping score, I keep a tally of which coins have the most monthly wins and losses:

Overall update – BSV takes strong early lead. Tether is the worst performer.

It was hard for the rest of the cryptos to keep up with BSV this month, up +181% in January. That’s more than double what second place Bitcoin Cash gained this month. BSV is already worth $280.
Tether started 2020 in the basement as the rest of the field gained at least +25%.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gained over $67B in January 2020, up +36% since New Year’s Day.

Bitcoin dominance:

Bitcoin dominance dipped a few percentage points to 66% during the first month of 2020, a sign of increasing interest in altcoins.

Overall return on investment since January 1st, 2020:

The 2020 Top Ten Portfolio gained about $549 in January 2020. After an initial $1000 investment, the 2020 Top Ten Portfolio is worth $1,549. That’s up about +55%.
There’s not much here at the moment, but we’ll be looking at the entire experiment, month by month in an attempt to keep some perspective:
How does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,382.
That’s up about 12.7%.

Implications/Observations:

The crypto market as a whole is up about +36% in January compared to the 2020 Top Ten cryptos which have gained +55%. Sticking with the Top Ten coins beat the overall market in January.
Although there are a few examples of this strategy working with the 2019 Top Ten, it’s interesting to note that this hasn’t yet happened with the 2018 group as at no point in the first twenty-five months of the Top Ten 2018 Experiment has the approach of focusing on only the Top Ten cryptos outperformed the overall market.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 was flat in January.
The initial $1k investment I put into crypto would now be worth $1000 had it been redirected to the S&P 500.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

A nice start to the year for the 2020 Top Ten and the best January since I started updates in 2018. It’s also a nice to be modestly up on the combined 2018, 2019, and 2020 portfolios for a change.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2020 (April Update) - UP 42%

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2020 (April Update) - UP 42%

EXPERIMENT - Tracking 2020 Top Ten Cryptocurrencies – Month Four - UP 42%
See the full blog post with all the nerdy tables here.
tl;dr - Tezos wins April, all coins in the green for the month. Tezos overtakes BSV for the overall lead, BTC mid-field. When taken together, all three experiments (2018 + 2019 + 2020 Top Ten Cryptos) are basically even with S&P 500 since Jan 2018. More details that you probably care about below and stay safe out there.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150. I repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020. Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple/accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies in January 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Four – UP 42%

After a very bloody March, the 2020 Top Ten have bounced back bigly (or is it big league?). March was all red, April all green. Out of the three portfolios, the 2020 Top Ten (+42%) is the best performing for the third month in a row.

Ranking and March Winners and Losers

EOS and Binance Coin switched places, but that’s it – the rest of the 2020 Top Ten were locked in place.
April WinnersTezos, up +76%, easily bested its peers. Second place goes to ETH, up +57% this month.
April Losers – The same two losers as the 2019 Top Ten group: Tether was outperformed by the rest of the cryptos. The second worst performance in April was turned in by Bitcoin Cash, up +15%.
For those keeping score, I also keep a tally of which coins have the most monthly wins and losses. After four months, Tether has two losses and Tezos has two wins.

Overall update – Tezos overtakes BSV for the lead and 100% are in positive territory.

Tezos (+121%) took the lead over from BSV (+115%) this month, a lead which BSV had held since the beginning of the year. Not counting Tether, the worst performing crypto, Bitcoin Cash, is still up +15% since January 2020.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $63B in April 2020 and is now close to where it was in late February. It is up +31% since the beginning of the experiment in January 2020.

Bitcoin dominance:

Bitcoin dominance (or BitDom as I like to call it) was steady in April. As of early May, there hasn’t been significant movement either way this year.

Overall return on investment since January 1st, 2020:

The 2020 Top Ten Portfolio regained $350 in April, not quite what it lost in March. After an initial $1000 investment, the 2020 Top Ten Portfolio is now worth $1,419, up about +42%. It is the best performing Top Ten Crypto Portfolio out of the three.
Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along:
Hopefully that zombie apocalypse drop in March will just be a blip this year.
So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $2,969‬.
That’s down about -1% for the combined portfolios.
Much better than last month (aka the zombie apocalypse) where it was down -24%. For context, the combined return in January 2020 was +13% and in February 2020 it was +6%.
So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Stocks rebounded a bit in April, but are still down -12% since the beginning of the year.
Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +42%, now worth about $1,419.
The money I put into crypto in January 2020 would now be worth $880 had it been redirected to the S&P 500. That’s an almost $540 swing on an initial $1,000 investment.
And what if I took the same approach with the S&P 500 as I took during the first three years of the Top Ten Crypto Index Fund Experiments? Here are the figures:
  • $1000 investment in S&P 500 on January 1st, 2018: +$60
  • $1000 investment in S&P 500 on January 1st, 2019: +$130
  • $1000 investment in S&P 500 on January 1st, 2020: -$120
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,070.
$3,070 is up about +2% since January 2018, compared to the $2,969 value (-1%) of the combined Top Ten Crypto Experiment Portfolios.
That’s a only a 3% difference. Last month the gap was 13%.

Implications/Observations:

The crypto market as a whole is up +31% since the beginning of the year compared to the 2020 Top Ten cryptos which have gained +42%. Focusing on the Top Ten 2020 coins has now beaten the overall market four months in a row.
This is noteworthy because this hasn’t been the case very often since I started these Top Ten Experiments back in January 2018. Although there are a few examples of the Top Ten strategy outperforming the overall market in the 2019 Top Ten Experiment, it’s interesting to note at no point in the first twenty-eight months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. Not even once.

Conclusion:

May should be interesting. The BTC Halving is only a few days away and the world continues to wage war on COVID-19. Stay tuned for how the crypto markets overall and the Top Ten Portfolios react to these events.
Final word: second waves of COVID-19 are definitely possible. Please take care of yourselves, your families, and your communities. Keep up the social distancing, wear a mask, and wash your hands. Be careful out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
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1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

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Why Ethereum Problems Make UMI the Flagship Among the New Generation Cryptocurrencies

Why Ethereum Problems Make UMI the Flagship Among the New Generation Cryptocurrencies

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Ethereum cryptocurrency that comes second in terms of capitalization on the crypto market is traditionally seen as fast and profitable. However, over the last few weeks it's had a rough patch. Since early August, the network has had huge queues of transactions pending processing while fees have skyrocketed and surpassed the historical high.
The main issue though is that even fees of a few dollars per transfer don't help get rid of the“traffic jams”. The cause of this is numerous DeFi projects and a huge number of financial pyramids based on the Ethereum platform. Both generate excessive load on the network.
The situation is downright unpleasant, and our users might question whether the UMI network could face a similar challenge? We'd like to assure you it could not. The UMI network is by default protected against these problems — it cannot have “traffic jams”, fees or financial pyramids. But first things first.
How has the Ethereum network ground to a halt?
In its report dated August 4, Arcane Research that provides analysis within the field of cryptocurrency stated that over the previous week the daily size of transaction fees in the Ethereum network has surged up to a record high for over two and a half years. On August 3, the median value #%D0%9F%D1%80%D0%B8%D0%BC%D0%B5%D1%80_%D0%B8%D1%81%D0%BF%D0%BE%D0%BB%D1%8C%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0%B8%D1%8F)of the fee amounted to $0.82, with the overall amount of transaction fees totaling $2 mln. However, it only signaled the start of real problems.
Over the next week, fees continued to grow and by August 11 the median fee value almost doubled equaling $1.57. Larry Cermak, an expert at a big analytical and news-making crypto portal The Block, wrote in his August 15 tweet that over a week the total amount of transaction fees in the Ethereum network totaled $34.5 mln, having surpassed its historical high. Meanwhile, in the Bitcoin network that is seen as too expensive the fees were almost four times lower at $9 mln.
The total fee amount paid by cryptocurrency users over a week:
  • Ethereum — $34.5 mln;
  • Bitcoin — $9 mln;
  • Monero — $2,240;
  • Tezos — $1,876;
  • Cardano — $1,615;
  • XRP — $1,138;
  • BSV — $1,102;
  • Stellar — $1,059;
  • Bitcoin Cash — $1,027;
  • UMI — $0. Let's talk about it a little later.

https://preview.redd.it/z9azd9v6alj51.png?width=1600&format=png&auto=webp&s=25c365d6e14665ecda4a2b8d19b2fc57dd5cde1e
Historical Growth Chart for Ethereum Fees. Source
The existing situation shows that Ethereum is actually not as fast and profitable as commonly cited. Additionally, this could happen to almost any cryptocurrency except UMI that charges no fees whatsoever. We will tell you why.
Why have these problems emerged?
There is nothing unoriginal: the Ethereum network simply can't handle an increased load. Arcane Research analysts consider that a principal cause of this situation is the constantly increasing number of the DeFi ecosystem projects built on the Ethereum blockchain. Their number is growing all the time which causes the overload of the network. As of August 12, the total amount of funds in DeFi applications reached $4.3 billion which is 19.5% higher than that in the past week. At the time of writing this article, the amount surged to $6.21 billion. You can see the current data here. What is the most unpleasant about DeFi protocols is that a lot of them are scam projects.
Which is not the worst part though. There is also another factor that significantly slows down the Ethereum network. There are a lot of pyramid-like projects that are built on the EOS platform and use smart contracts. One of them is SmartWay Forsage, which regularly overloads the network with a large number of transactions, causes traffic jams, and, consequently, leads to increased fees (keep in mind that Ethereum miners choose transactions with a higher commission). Vitalik Buterin, the co-founder of Ethereum, revealed his disapproval of the SmartWay Forsage methodology and asked them to "leave and not pollute Ethereum ecology in the future". However, the project is slow to do this — it continues to deceive users.
This is only the tip of the iceberg of scam projects which abounds on the EOS network –– they continually emerge, work for a while, then go down as scams and are replaced with new ones. This never-ending stream of "investment projects" based on the Ponzi scheme overloads the system. This is the reason why Adam Back, a pioneer of the crypto industry and founder of the technology company Blockstream, equated Ethereum with such infamous projects as Onecoin and Bitconnect. Adam Back's solid dig at Ethereum became the subject of much debate among crypto enthusiasts.
Of course, it all doesn't mean that Ethereum is a bad cryptocurrency. On the contrary, it has a lot of advantages over other coins. But all that has happened exposes Ethereum's faults which must be eliminated. The problem is that they may not be fixable. It is far from certain that the developers will be able to get rid of all the defects as the system has huge scalability problems.
The crypto community has to admit that Ethereum, like other first-generation cryptocurrencies, has issues with capacity, fees, and scalability and is gradually becoming obsolete.
2020 is the time for young innovative cryptocurrencies such as UMI.
UMI is the flagship of new-generation cryptocurrencies.
In real fact, any cryptocurrency could face it. Each cryptocurrency charges fees which typically surge when the network is overloaded or the price is going up. Everyone will remember 2017 when in line with price growth and the network's overload Bitcoin transaction fee reached a high of around $40.
But when it comes to UMI, it works the other way round. The UMI network's advantages are high capacity, no fees, and scaling possibilities. It uses the best and fastest crypto industry solutions and excludes all inefficient methods by default. Smart optimization in combination with the Proof-of-Authority technology operating on the master node basis enables almost instant payments.
At the stage of network testing, an incredibly high capacity was achieved:
  • up to 4,369 transactions per second;
  • up to 262,140 transactions per minute;
  • up to 15,728,400 transactions per hour;
  • up to 377,481,600 transactions per day.
Ethereum processes about 20 transactions per second. It means that the UMI network can process transactions that Ethereum processes over a year in 1 to 5 days — and with no fees.
https://preview.redd.it/rwohnov3alj51.png?width=1125&format=png&auto=webp&s=4329b75c0bd8b7a22276b529f5ca433d17a0874f
The UMI network can process transactions that Ethereum processes over a year in a few days and with no fees. More details
What is more important is that less than 0.001% of the network's overall potential is used now. The UMI network has a lot of reserve capacity and can handle hundreds of thousands of times heavier load. Moreover, with scaling possibilities, UMI can keep up with the times. The UMI code ensures the safe introduction of any upgrades — the network can be easily modified and scaled with cutting edge technology solutions. In other words, traffic jams will never pose a problem for us. UMI will instantly process all transactions, with no fees. Always.
https://preview.redd.it/t0068th0alj51.png?width=544&format=png&auto=webp&s=019f46ec8c093480c4638cf098312a5a146134a8
A real-time speedometer displays the number of transactions processed by the UMI network per second. Link
Additionally, unlike Ethereum and other cryptocurrencies, the UMI's staking smart contract prevents possibilities of any pyramid schemes, meaning eliminates their negative influence. Our staking is completely safe and secured against scammers. Read more about this in our article. Any UMI staking structure could work forever. In other words, you can multiply your coins at a rate of up to 40% per month for an indefinitely long period of time.
UMI doesn't inherit the disadvantages of the first-generation cryptocurrencies. This is an innovative, carefully designed network based on state-of-the-art technologies. UMI is an ambitious step toward the future. And we're making it together right now!
Sincerely yours, UMI team
submitted by UMITop to u/UMITop [link] [comments]

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