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Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
Decentr is building foundational chain-agnostic protocols that will support “true” 100% DeFi Dapps, a 100% secure and decentralised, user-centric alt economy. DeFi dApps inter-connected by Decentr can talk to each other and share PDV (personal data value) of their users. PDV is best described as a personalized “exchange rate” (in a sense social reputation where more effort leads to more rewards and NOT more capital to more rewards. ) between currencies that users apply at point-of-sale to make the cost of goods and services cheaper online. PDV is applied to the APR users earn on $DEC (native token) that they hold that they loan out as part of the investing pool. PDV will also allow uncollateralized loans on their dLoan platform, and also on platforms like Aave and Compound.
Decentr will implement ZKsync to get super cheap and super fast transactions across the ETH network. It is also working with HoloChain and Tomochain to allow connect their DeFi ecosystem to the Ethereum DeFi ecosystem. Decentr has DEEP TIES and a PARTNERSHIP with Holochain: https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
Decentr is also building a browser and Chrome/Firefox extension - a gateway that “transitions” Web 2.0 into a 100% decentralised Web 3.0 via their suite of decentralised dFintech and dCommunications features. The browser adds a 100% decentralised “user layer” to current blockchain protocols so that applications built on blockchain can actually “talk to each other”. The browser uses encryption all the time and the power of blockchain to keep private keys safe. Browser will offer a more robust and innovative type of blockchain storage and caching that is much faster than VPN or TOR. It will allow surfing .onion addresses as well as the regular ones. >>BAT browser 400m marketcap, DEC marketcap 4m<<
Decentr is researching a hardware application, powered by Decentr software, that would greatly enhance current IoT networks. It’s called a “Smart Chip Node” (SCN) and will adhere to 4G LTE standards (with in-built 5G capability), which means connectivity between devices will match or exceed current speed and connectivity, dramatically improving stability and coverage of standalone devices, such as a laptop or tablet, as well as IoT devices, such as home routers and modems.
Decentr uses Coinbase API to optimise integrated implementation of the user layer and Blockchain as a Service (BaaS) to allow users to leverage cloud-based solutions to build, host and use their own blockchain apps. Tierion’s technological infrastructure, the Chainpoint Proof protocol, will come into play whenever a user adds something in Tierion’s data store. Hyperledger Fabric and R3 Corda private blockchains are used as an immutable transaction database for data transfers, including the following tech: R3 Corda, Hyperledger Fabric, Ansible, Bitbucket Pipelines, AWS, Node.JS, GoLang, Kotlin and CouchDB.
Implements a system of layered security protocols based on a radically-new software architecture that combines Elliptic Curve Cryptography (ECC)4 and Sobol sequencing with a n-dimensional chain as part of AI-enhanced, platform-wide community consensus mechanism — a mechanism that assigns mutually agreed value to data and user security protocol upgrades (further encouraging enhanced data integrity) by deploying a Delegated Proof of Stake (DPoS) protocol.
Bank of England has reached out to Decenr to discuss the potential of a UK CBDC upon hearing about the potential of their tech. Decentr is consistent with their own R&D into a "dGBP" and they requested a top-level document for review >> Decentr created this proposal: https://decentr.net/files/Decentr_Consultancy_Doc_UK_CBDC.pdf
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
“Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps. ➡️ Circulating supply: 61m $DEC. ➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19
Hi folks! We are catching up real quick. Here’s your week at Parachute + partners (1 Nov - 7 Nov'19): Three new projects and their awesome communities joined the Parachute fam this week: Wibson, VideoCoin and Chiliz. Welcome! And if you missed, we also added Shuffle Monster, Harmony and CyberFM last week. #cryptoforeveryone is getting bigger by the day. Woot woot! In this week’s TTR trivias, we had Richi’s movie quiz qith a 25k $PAR pot. Charlotte's Rebus trivia in TTR on Tuesday had 25k $PAR in prizes for 10 Qs. Noice! Jason’s creative contest for this week was #artdeadmin: “draw/paint/sketch/whatever you imagine a group of the parachute admins doing together”. Click here to check out some of the entries of the TTR Halloween photo contest from last week. Doc Victor (from Cuba) hosted a Champions League wager round in tip room. And congrats to Victor (Anox) for passing his final Medical exams. We have 2 Doc Vics now. One from Cuba and the other from *redacted*. Some of the top #artdeadmin submissions. Insane talent! Jason’s running medal collection. Say what! Andy shared the latest standings in the Parachute Fantasy Football League (#PFFL). Clinton (7-2) is on top followed by Chris (7-2) in second place and Hang (7-2) in third place. So close! As we rolled into November, Parachute crew signed up for Movember. So now we have 3 teams from the Parachute fold, doing a no-shave November for men’s health issues: Parachute (Tony, Cap, Alexis, Cuban Doc Vic, Richi), TTR (Vali, Ashok, Tavo, Alejandro, Marcos, PeaceLove) and TTR-Ladies (Mery, Martha, AngellyC, Liem, Durby, LeidyElena, Charlotte). Show them some support peeps! This is all for charity. Show them some support folks! This week’s #wholesomewed was about “your most precious possession and give us the story of why it is so precious to you”. A whole lot of $PAR was given out for some real wholesome life stories. Best. Community. Eva! Two-for-Tuesday theme for this week: colors! As always, a melodic Tuesday thanks to Gian! And thank you Borna for writing about Parachute and ParJar on the Blockchain Andy blog. <- This is where Jose creates his magic. Respect / Cuban Doc Vic’s doggo, Symba, could easily be a TTR mascot. Good boi! -> This week at aXpire there were two separate $AXPR burns: 20k of last week and 200k of this week. Last week’s news recap can be seen here. Congratulations to the team for being conferred the honour of being handed a key to Miami-Dade County by Mayor Carlos A. Gimenez at the 2019 Miami-Dade Beacon Council Annual Meeting & Key Ceremony. aXpire's disruptive solutions like Resolvr (expense allocation), Bilr (invoice management) and DigitalShares (deal marketplace) help hedge funds and PE firms scale through better profit margins. How? Read here. Did you know that the 2gether Ambassador Zone lets you customise referral messages with a #PicOfTheDay while you earn some sweet 2GT rewards? Super cool! There was an upgrade to the platform this week that might have led to a temporary deactivation in withdrawals while the update was being deployed. CEO Ramón Ferraz’s interview by BeInCrypto was released. Founder Salvador Algarra travelled to an ABANCA event for a keynote speech on Fintech innovation. Next week he will be at Rankia's Blockchain and Crypto Tech gathering to speak on "Blockchain, from predicting the future to building it". CardRates’ feature article on 2gether came out this week. The BOMBX:XIO token swap bridge went live. The swap will be open till 15th December. Plus, $XIO is now listed on DDEX and Switcheo. There were some disruptions in the bridge from time to time because of heavy traffic. Hence, the team also set up a manual swap page as an alternative solution. And please be wary of scammers posing as admins to help with the swap instructions. For any doubts, always reach out to accounts with admin tags on the official Telegram channel. The first set of incubated startups will be revealed on the 22nd of November. Ever wanted to find out about the people who frequent the BOMB token chat? Well, the BOMB Board is running a "Humans of Bomb" series to feature some of the most active members. This week, say Hello to Gustavo. Key to Miami-Dade County awarded to aXpire. Cool! WednesdayCoin’s founder Mike floated the idea of making WednesdayClub open on all days. The nature of the $WED token will not change on chain. Just that it will be usable inside the DApp everyday. What do you think? Let him know in the Reddit thread. Birdchain’s $BIRD token was listed on Mercatox this week. A new monthly referral contest was launched as well. 50k BIRD tokens to be won. Nice! Want the SMS feature to be released in your country? Start promoting! A featured article on Chainleak capped off the week perfectly for Birdchain. $ETHOS, $AXPR (aXpire), $HYDRO, $BNTY (Bounty0x) and $HST (Horizon State) were added to the eToro Wallet. The airdrops for Switch’s various token holders were distributed this week. As mentioned earlier as well, $ESH and $SDEX are revenue sharing tokens. Winners of the John McAfee contest and trading competition were announced. Congratulations! Tron blockchain support will be added to the Switch-based McAfeeDex next week. The news was covered by Beincrypto, U Today, Crypto Crunch, Altcoin Buzz and Tron’s Justin Sun as well. The Dex was featured in a Forbes article about John McAfee’s views on Libra. The latest community contest at Fantom involves writing educational articles on the platform. If you have been following Fantom developments, then this would be a breeze. Also, USD 100 in FTM tokens to be won. Sweet! Check out the cool $FTM merch on display at Odd Gems fashion. Even though these are not official gear, they have the blessings from the project. CMO Michael Chen sat down for an interview with Crypto Intelligence India to talk about the upcoming mainnet launch. The crew also appeared for an AMA with Atomic Wallet community. The latest technical update covers "Golang implementation of Lachesis consensus" or Go-Lachesis in short. Check out its demo with 7 nodes here. Parachute presentation (WIP). That’s right. 500k transactions and counting. Wow! While the Uptrennd Halloween contest got over last week, AltcoinBuzz made a friggin amazing graphic! Don’t forget to follow the Ann channel to stay up to date with the latest from Uptrennd. Founder Jeff Kirdeikis also announced that he will be working closely with PrefLogic on Security Tokens. Jeff’s interview with MakerDAO Biz Dev Gustav Arentoft came out. After some upgrades on Uptrennd, withdrawals are live again. Instead of the weekly meme contest, there was a flyer contest this week. 5k $1UP prize pool for winners. Wicked! The latest community picked TA report was on ETH. And the crew reached Malta for the AIBC Summit. More pics next week! Did you know that you can get Opacity Gift Codes for various plans at ShopOpacity.com? If not, make sure to read up on the Opacity October update. Catch up on the latest at District0x from the District weekly. The District Registry was live demo’ed. Looks cool! Hydro crew travelled to the Web Summit in Lisbon to spread word on the project. They were also represented at the Chicago fintech science fair this week. For a summary of the last few weeks gone by at Hydrogen, you can read the Project update and Hydro Labs update. We have covered most of these in previous posts. For the latest scoop on Hydro Labs, there’s always the Ann channel. Silent Notary’s Ubikiri wallet is undergoing upgrades. One of which is, wallets will be auto-named after creation. A ton more upgrades to be released. Sentivate announced a reorganisation in the company in order to devote full focus on Sentivate. The parent company will close and all resources will move to Sentivate. Here’s another use-case story to emphasise the potential of Universal Web. In the latest community vote on Blockfolio, folks voted overwhelmingly Yes on whether they would like to see more explainer articles on web tech. Also, the epic shoutout from Scott Melker (The Wolf Of All Streets) has to be the best thing ever! Updated Sentivate roadmap for next 3 months Pynk travelled to the Web Summit in Lisbon (wonder if they crossed paths with Hydro and SelfKey teams) as an official delegate of the Mayor's International Business Programme and were featured by KPMG. How to catch people’s eyes in a Summit where everyone is trying to grab your attention? With LED back packs. Genius! Such a lit idea, that even Web Summit tweeted it. Woohoo! And then they rocked a series of pitches to get to the big stage. Wins in Round 1 and quarter finals ensured an entry into the semi finals on the main stage. Click here to watch their presentation. Great job guys! Business Insider Poland included Pynk in their list of 12 Fintech companies worth following. The latest Pynk Tank episode delves into deep fakes in political advertising. One of the upcoming features on the platform will be the addition of gold to the daily price prediction tool. Pynk has "absolutely no interest in Bitcoin fanatics, ‘bagholders’ or ANYONE who mentions moons or Lamborghini’s. It’s tacky". This vibes perfectly with Parachute. Read more on Pynk's guide to becoming a super-predictor here. Horizon State announced that it will be resuming business under a new management. Welcome back! The original $HST token will not be supported anymore. The team will be looking into how the token holders are included in the new system. DENGfans, don’t forget to check the mini-projects posted by Mathew in the Telegram channel. Look up #getDENG in the channel. If you’re proficient in excel and VB, get in touch. Shuffle Monster’s $SHUF token is now listed on Dex.ag which acts as a decentralised price aggregator. CyberFM distributed the $CYFM payouts for October this week. Total payout as of 1st Nov is USD 266k+ in crypto. Say what! Pynk’s LED back packs are a stroke of genius OST’s Pepo was the 19th most popular dApp on State of the DApps last week. This week it climbed to the 16th position. Upcoming features on Pepo include video replies, threads and debates. Stay tuned! OST crew was at the Web3 UX Unconference in Toronto to talk all things UX. Next week they will be at ETHWaterloo to present and judge the UX award there. SelfKey’s $KEY token got listed on Hong Kong’s Lukki exchange. Like Hydro, the SelfKey team also attended the Web Summit in Lisbon for networking. If you were there, hope you said Hi. Ever wondered how Distributed Identity keeps your information private and safe when blockchains are supposed to be public? Click here to find out how SelfKey does this. More insight was shared into the Chainlink partnership this week by Constellation CEO Ben Jorgensen. The team attended the Air Force Space Pitch Day where it was selected to pitch the platform to attendees. Go get’em! How and why does Constellation do things? Check out the Constellation Principles. The October update for Yazom covers news such as alpha build of the app nearing completion, ongoing deal negotiation with clients etc. And with that, we close for this week in Parachuteverse. See you again soon. Ciao!
What’s up everyone! (TL:DR at the end this time, I've learned from my past mistakes haha)
Yep, it’s me again! New case for a new coin that seems to have taken off lately (and for good reason!) I’ve been researching it deeply lately. For those of you wondering (and in a voluntary spirit of being transparent), I do hold nice bags of the coins I post about. However I do not dump them. I’m a HODLER at heart, and love to invest in and hold coins that have a purpose. You know, like, an actual purpose. I have a Phore masternode, which i intend to keep running indefinitely. I also have a decent chunk of COSS, which I also intend to keep for a very long time (3+ years, until they are a full crypto one-stop-solution).
If you’ve missed my previous post, you can find it here:
For those who do not know me, or haven’t read my previous post, here’s my intro: I come from a business & logistics management background. I started investing in cryptocurrencies and trading a little more than six months ago. I am very detail oriented and I’ve been researching all kinds of cryptos, for hours a day, for the past six months. Cryptocurrencies went from a simple hobby to a burning passion during that 6 month period.
I’ve spotted great coins at great prices, and it seems I keep doing so! Firstly, Ethereum at 150$. Then NEO when it was antshares (sub-3$), Gas when it was antcoin (sub-30c), OMG when it was sub-1$, ETP at 1$ (ended up selling at 5$, too many wallet issues and kind of lost faith in it), COSS at 6 cents, that ended up getting a lot of visibility due to my last post (23K+ views), and finally, Phore at 60cents.
It took me less than an hour of research to understand Phore’s potential. I immediately purchased and setup a Masternode after seeing how undervalued it is compared to coins like Dash, PivX, and other privacy/masternode coins. I must admit, i FOMO’ed in really fast, but then kept on researching after I had secured my cheap PHR, and the more I researched, the more I saw the vision.
For those of you that don’t know, Phore is a fork of PIVX. It is a Masternode/Proof of Stake hybrid (MN + PoS), meaning 60% of the block reward goes to Masternodes, 30% to stakers, and 10% is left for the “development fund”.
For the newbs reading this (welcome, by the way!), a masternode is basically a node that you deploy on a virtual server (or on your own computer) and it basically verifies the blockchain and maintains concensus alongside the other nodes. You need to “lock” 10000 phore to deploy a Masternode. Proof of Stake, on the other end, basically means you can purchase coins and “Stake them” (aka put them in your wallet) and they will also be used to validate the blockchain. Both masternodes and staking will give you rewards, in Phore coins. Masternodes more than staking, obviously, as you “lock” a rather high amount of coins to deploy one.
Allright, so, what’s so good about this Phore coin? Isn’t it just a PivX knock-off?
1) Well, first of all, The MN/PoS structure is simply genius IMO. Dash’s value has gone up a lot simply because there is so little in circulation and most of the coins are locked up in masternodes. But Dash is MN/PoW, basically Masternodes + Mining. Miners do not have as big an incentive to hold unlike MN’s, it’s their mining equipment that generates them Dash. In Phore’s Case, yes, we do have the Masternodes locking up most of the supply, but we also have the stakers that are incentivized to lock up their coins to stake, and generate some extra coins.
2) Which brings us to point 2. There is a BIG incentive to buy and hold this coin. Masternodes are being deployed at a rate of 5 to 10 per day. This means 50 to 100k phore are being purchased and locked up, every day. On top of that, people that cannot afford a costly masternode, can still buy a few thousand coins and earn “interests” as they help validating the blockchain too! This basically drains the order book, fast, and skyrockets the price.
3) What happens when the vast majority (65%+) of the coins are locked up in masternodes, and from the 35% remaining, most of it goes into “staking”? Here’s what happens: the supply becomes increasingly low, the demand increasingly high. People that own masternodes or own decent amounts of coins don’t wanna sell, as the “interests” they make double, triple, quadruple in value, incentivizing them even further to hold.
4) What I’ve described in points 1 to 3 is pretty basic stuff. Economics 101. It’s a positive feedback loop: More MN’s/stakers = less coins in circulation = higher price = higher “interests” earned = more people want in = even less coins in circulation = even higher price = even higher “interests”, and it repeats itself until an equilibrium is reached (judging from PivX, equilibrium is at or around 425M market cap). Everybody wants in early on PoS coins, even moreso with MN coins, because of that simple fact. Early dash masternode owners are pretty much laughing right now. Everyone FOMO’s a good masternode coin, and that’s a fact, pure and simple.
5) Alright, now let’s dive into the actual “technical” merits of Phore. Phore is developed by an anonymous team. The same team that created Kryptcoin a few years ago (a coin with a decentralized marketplace). The team performed in a stellar fashion with kryptcoin, as well as their marketplace. Unfortunately, they were way ahead of their time with the marketplace. Most people didn’t even know what a bitcoin was back then. Phore definitely has this “old school, underground project” feel to it, and you will notice a good chunk of its community on discord are crypto believers from well before crypto was even talked about. They are “remaking” Kryptcoin from scratch, with tons of added features, and an even better marketplace. The fact they pulled it off back then only further reassures me that they will pull it off even better this time. This team actually has something under its belt.
6) Phore will have SegWit, as well as Smart Contracts. Yep, you read that right, smart contracts and dApps will eventually be running on PHORE. Zerocoin protocol as well for completely anonymous transactions.
7) Phore is integrating a Decentralized marketplace based on OpenBazaar’s codebase. They aim to have it running smoother, with a better UI and make it very intuitive. If there’s one team you have to believe can pull it off, it’s definitely the Phore dev team (They already did it in the past!) And the best part is that it’s not for late 2018 unlike some other coins. Nope. We are already in the testing phase, and it should launch somewhere in Q1 2018.
8) Although it is obvious, I thought I’d mention it for the less familiar: 10% of each block reward goes to the development fund. This means the project has a constant flow of money to hire new devs, grow the marketing team, grow the project, pay for exchange listing fees, etc. (They’ve already added an extra dev & an extra marketing team member, just this week, and are already hiring right now for another dev position. So, if you are a talented dev, feel free to apply!)
9) They have applied for Binance today. Although this does NOT mean it is guaranteed, at all, it’s good to see them applying to a variety of exchanges. It is currently only available on cryptopia and is skyrocketing. Getting added to Binance, Bittrex and the likes would make it explode in a ridiculous way.
10) Point number 10 will be a little off topic, to put us in context for point #11. Personally, I like to contribute feedback to projects i truely believe in. One example I came up with was a cool idea for COSS and I let Rune (COSS founder) know about it. Basically, when COSS will get FIAT trading, it is impossible for people to get USD and EUR “fee split” from holding COSS, as USD and EUR are not compatible with the DAO, which is an Ethereum Smart Contract.
My way around this was to create a “COSSusd and a COSSeur”, basically an ERC20 token that’s automatically created/destroyed as FIAT is deposited/withdrawn from the exchange. People sending fiat over to COSS would basically be credited with the “COSSusd or COSSeur”, trade with it, and then when they want to withdraw they would exchange their ERC20 for FIAT and withdraw it via wire transfer. The whole thing would be smart-contract powered and transparent so there is always the same number of COSSusd and Real USD on COSS.
Basically, this would result in COSS holders receiving “fiat dividends” as well, and not only “crypto dividends”. Rune is currently in the process of getting legal opinion on this idea as he is an adamant believer in compliance and wants to do everything by the Book.
11) Well, for Phore, I’ve also contributed a few ideas to attempt to make the marketplace go viral. Viral as in mainstream viral, not only viral in the crypto-space. The devs, advisors, marketing team, advisors and even the community were all very impressed and took notes of everything. Now I cannot comment on what will and what won’t be implemented, but overall my feedback was received in an extremely positive manner. Here goes:
Basically an easy gateway that's only fiat > phore. Coded in a way that when you purchase with fiat it automatically sends it to your wallet (and obviously we'd need to have a phore mobile wallet app).
This is how Phore will go mainstream, no way around it, unless we wanna wait 10+ years for every crypto "newbies" coming in to actually go through the lengthy process of learning about crypto, how they work, familiarize themselves, etc. So many newbies flooding in, we definitely need easy one-click fiat > phore solution.
Plus it would be super easy for me or phore marketing team (or both, working together) to put up a small nice and concise "press release kit" and send it out to all the major media outlets (all the big blogs, bloomberg, yahoo finance, lifestyle blogs for the libertarian / marijuana users / all the people that are into the whole “freedom thing” as well as all media outlets targeted to the 18-30 crowd).
Facebook advertising campaigns (targeting 18-35 age range, people interested in crypto, people interested in "online commerce", etc etc.) as well as google advertising campaigns (people search amazon or ebay, and they find our sponsored paid ad on top saying "thinking of trying amazon? Check out the phore marketplace, it's cheaper, blockchain-powered and 100% decentralized".
*Instagram campaigns as well, lots of the 16-30 crowd there. Instagram, google, Facebook and Reddit campaigns and any other viable channels. We can do all these things AND succeed at them quite easily, all we need is 1) an intuitive marketplace, which the devs are busting their asses off to achieve and we KNOW it'll be phenomenal, and 2) a fiat > phore gateway integrated. That second point will make or break it in terms of mainstream adoption, hence why it's indispensable to have it before we tackle "mainstream marketing" via FB, IG, Google, Reddit, Twitter, Blogs & Other Media outlets.
Ideally the fiat > phore gateway would be on the website itself, so people get credited their phore directly on their marketplace account. With a mobile wallet being a nice add-on of course so they can keep the extra phore in there when not in use, and 1-click transfer from marketplace to mobile wallet and vice versa, "a la paypal/dash evolution.
TL;DR for the lazy: Masternodes + PoS // Self-sufficient project due to the “treasury fund” // Stellar team who has ALREADY DONE THIS before // Currently underserved (cryptopia only) // Team applied to exchanges including Binance// Segwit + Smart Contracts + Strong privacy features // Decentralized Marketplace being beta tested as we speak and launching Q1 2018 // Strong incentive to hold as both Masternodes AND stakers dry up the supply for staking purposes, which creates a positive feedback loop (coins get bought, price goes up making the “staking & MN rewards go up”, making more people want a MN or Stake, more people buy, price rises again, “interests” earned go up, rinse and repeat in an endless loop until equilibrium is reached).
Currently, a masternode generates roughly 120phweek. Calculate Phore’s current price multiplied by 120 and you’ll get a pretty solid estimate of the weekly revenue generated from a Masternode.
Hiya folks! Starting today and over the next 10-12 days, I'll attempt to catch up on all the pending weekly updates. Seeing how much goes on in Parachute + partnerverse in a week, this is going to be a humongous challenge. Let's see how it goes. Wish me luck! Our good friends at Uptrennd, did a shoutout to a previous weekly update. You guys rock! And this is why making these updates is so worthwhile. This week's post is easily going to be the biggest one yet. Here's your week at Parachute (29 March to 4 April): Parenas were aplenty this week. Starting with the weekly Parena which Alexis won to take home a lion’s share from the 200k PAR pot. Alexis also picked the Metallica theme Parena spoils by beating Kamo in a quick finale battle and claimed his rightful share from the 100k PAR pool. And finally, we had a WED Parena after a long time. Chris sponsored 1M WED for the Parena pot, and almost won the winner’s share if not for Clinton whose Zebra beat Chris’ Mink to claim top spot. Damn! That’s a ton of PAR and WED given away in a single week in Parenas. Jason hosted the first ever Parachute-based trivia instead of the normal Gamee games for the week. It’s been a fun ride with even Cap and Ice getting stumped by one of the questions. 3-2-1, Kamo goes down! Alexis is victorious! We are also starting to see multiple Parachute partners collaborating with each other. Zachary from BOMB joined Jeff from Uptrennd for a live stream chat on what the future holds for the crypto market. In other BOMB news, the BOMB puzzle stayed unsolved. 1000 BOMB tokens were burned as a result. The riddle was about Vitalik Buterin’s death hoax. To prove that he was alive, Vitalik had uploaded a picture of the latest block size. The answer could be reached by hashing together the block reward and parent block and finally adding gas at the end. ETHOS followed up its BOMB listing with a featured article explaining what the project was all about. Folks who haven’t had the chance to read up on BOMB yet, check it out. Did you know that ETHOS has been acknowledging good conversations in their Telegram channel using ParJar for quite some time now? Read here about it and join in! The latest updates to the dev diary and dashboard were made this week. Also, if you aren’t on Uptrennd yet, check out this article on MrBTC to find out what you’re missing out. “Uptrennd currently share around 80% of the websites revenue with their users”. Boom! PoL – Proof-of-Life In Cryzen-world, all Free accounts participating in the Battle of the Bots #1 Competition were upgraded to Starter accounts for the month of April. Simulation sharing is now live on the Cryzen Code Studio thanks to Robin. Any backtest can now be shared with the world using a link. Click here to check the test run of Shuvro’s Mean Reversal algorithm. Once there, you will be able to use the Share button and social links on top to share the backtest with friends. Plus, the algo-of-the-week would have to be Shuvro’s Mean Reversal bot live trading ETC on Binance netting an ROI of ~16%. Pretty neat! This beauty looks like a contender for the Battle of the Bots Matthew sat down for a tete-a-tete with Ben (Ethfinex) to talk about the aXpire project. While AXPR didn’t make it to Ethfinex in the vote (more on that in the next update), the greatest takeaway was the community and influencer support that came along the way. Roger Ver, J.D. Salbego, That Martini Guy and Crypto Mobster (Ash Davidson) were some of the well known personalities that got behind aXpire. Oh Hey Matty’s review of AXPR also came out this week. And there’s not enough that could be said of the awesomeness of the aXpire community. They came out in numbers to back up the project and vote. In the next update, we will share how the community gave exceptional support during the voting phase. On a lighter note, this was also April Fool’s week. aXpire’s prank turned out to be so believable that some folks got stumped. The team had to change the headline and add an “EDIT” to emphasise that it was a joke. Haha! Remember, aXpire’s visit to SOS Children’s Village in India? Here’s some pictures from the visit. The monthly AXPR burn was also this week. 110k AXPR gone forever. Congratulations to the Telegram contest winners for snagging 100 USD worth of AXPR each! And finally, click here and here for a sneak peek at the MatchBX redesign. Stay tuned for more! Below is a big picture view of how aXpire is building adoptable blockchain infrastructure for all: The aXpire ecosystem has both enterprise and consumer products 2gether co-founders Ramon and Salva were invited this week by KPMG as part of their KPMGTalks Series. Click here and here for pictures from the event. As chosen by the community through a vote, this video is now the official intro for 2gether. Also check out the presale trailer which features the intro. If you’re participating in the presale, make sure to go through the product roadmap and fund use plan. And if you’re travelling to the FinTech Unconference in Madrid in May, you can catch a moment with Salva who will be speaking there. Intended Use of Funds from 2gether presale HYDRO fans, check out the latest community update for a lowdown on all things HYDRO. Some of the highlights from the update are – addition of ParJar (covered in our last update), listing of HYDRO on ETHOS, making it to the final Ethfinex list for community vote (like aXpire). The Hydrogen Molecule security token investment platform is under development. For a demo, you can get in touch with the team. Hydrogen co-founder Mike was in Istanbul this week to speak on “APIs and Cloud” as part of the Istanbul Fintech Week. Click here for pics from the event. Plus, HYDRO is now part of Binance Info’s Transparency Initiative. As a result, the project received the V label (like Fantom did). The V label means that the project team is itself providing relevant information on Binance Info. As part of the Ethfinex voting process, Ben interviewed Mark Anstead, Hydrogen head of BD. Hydro will be BUIDLing a Bitfinex/Ethfinex/NEC centred dApp if they make it to the top 3 in the votes. In more BUIDL news, the upcoming Hydro dAppStore could look like the following: Hydro dAppStore UI teaser Blockport fans will know that social trading is a key upcoming feature of the project. In this detailed piece, founder Kai explains the details of this feature and what it holds for the future of Blockport. In Switch news, the first fee airdrop to ESH and SDEX holders was done this week. As part of distribution, 300k ESH and more than 3k USD in ETH was given out. A few more quick updates can be found in this article. Here’s John McAfee speaking on the importance of DEX’es and why SwitchDEX is a promising project. If you haven’t read up on SwitchDEX yet, this article lays bare the details of the Dex and its token (SDEX). Bounty payouts with Bounty chocolate bars was enabled by Bounty0x on 1st April (notice the date :p). Wonder if anybody tried a payout. The BNTY roadmap was updated recently. Check it out here. Plus, if you are participating in any bounty on the platform, the weekly distribution report will be of interest. Opacity enthusiasts, check out the March update from Jason. Some key takeaways from the update would be on the development-front. Opacity is also one of the few projects in the crypto-space that share finance updates. Below is 2019 expense forecasting for Opacity: Actual expenses for March, forecasts for others And finally, a quick summary of updates from some of the other partners. District0x is calling on meme lords to be prepared with their dankest memes for the MemeFactory0x launch day. The weekly District update and biweekly Dev update share the latest progress in District Registry and Ethlance among others. Fantomites, check out the monthly recap of the project for March. Another FTM fundamental analysis dropped this week. This time by FundaMint. Check out the analysis report here. Fantom’s CIO Michael Kong sat down for an AMA this week to answer questions from the community. His reverts can be found here. Dutch followers of Fantom, make sure to mark your calendars for an AMA on 25th June. That Martini Guy’s video mentioned in the aXpire update above also covered FTM as one of his picks for Q2 2019. Woot! Horizon State Token (HST) is now available for trading on Easy Crypto for folks in both Australia and New Zealand. The latest version of the Gem app (v0.17.4) with significant performance upgrades is now live on the App Store and PlayStore. The WednesdayClub dApp is now searchable on dappradar and state of the dapps. That’s it for this week! Have a great weekend folks. Don’t forget to listen to this super chill soundtrack recommendation from Cap. Until next time. Ciao.
Hashrate: went from 54 to 76 PH/s, the low was 50 and the new all-time high is 100 PH/s. BeePool share rose to ~50% while F2Pool shrank to 30%, followed by coinmine.pl at 5% and Luxor at 3%. Staking: 30-day average ticket price is 95.6 DCR (+3.0) as of Sep 3. During the month, ticket price fluctuated between a low of 92.2 and high of 100.5 DCR. Locked DCR represented between 3.8 and 3.9 million or 46.3-46.9% of the supply. Nodes: there are 217 public listening and 281 normal nodes per dcred.eu. Version distribution: 2% at v1.4.0(pre) (dev builds), 5% on v1.3.0 (RC1), 62% on v1.2.0 (-5%), 22% on v1.1.2 (-2%), 6% on v1.1.0 (-1%). Almost 69% of nodes are v.1.2.0 and higher and support client filters. Data snapshot of Aug 31.
Obelisk posted 3 email updates in August. DCR1 units are reportedly shipping with 1 TH/s hashrate and will be upgraded with firmware to 1.5 TH/s. Batch 1 customers will receive compensation for missed shipment dates, but only after Batch 5 ships. Batch 2-5 customers will be receiving the updated slim design. Innosilicon announced the new D9+ DecredMaster: 2.8 TH/s at 1,230 W priced $1,499. Specified shipping date was Aug 10-15. FFMiner DS19 claims 3.1 TH/s for Blake256R14 at 680 W and simultaneously 1.55 TH/s for Blake2B at 410 W, the price is $1,299. Shipping Aug 20-25. Another newly noticed miner offer is this unit that does 46 TH/s at 2,150 W at the price of $4,720. It is shipping Nov 2018 and the stats look very close to Pangolin Whatsminer DCR (which has now a page on asicminervalue).
www.d1pool.com joined the list of stakepools for a total of 16. Australian CoinTreeadded DCR trading. The platform supports fiat, there are some limitations during the upgrade to a new system but also no fees in the "Early access mode". On a related note, CoinTree is working on a feature to pay household bills with cryptocurrencies it supports. Three new OTC desks were added to exchanges page at decred.org. Two mobile wallets integrated Decred:
Coinomiadded Decred to their Android and iOS wallets. In addition to the Apple App Store and Google Play you can download the APK directly. Coinomi features an integrated cryptocurrency exchange and is the first company to offer a mobile Decred wallet.
Reminder: do your best to understand the security and privacy model before using any wallet software. Points to consider: who controls the seed, does the wallet talk to the nodes directly or via middlemen, is it open source or not?
Bit Dialsannounced DCR support via GloBee at their bitdials.eu luxury boutique. Their separate supercar and classic car shop bitcars.eu also accepts DCR, either via GloBee or with manual invoicing in case of privacy concerns.
Targeted advertising report for August was posted by @timhebel. Facebook appeal is pending, some Google and Twitter campaigns were paused and some updated. Read more here. Contribution to the @decredproject Twitter account has evolved over the past few months. A #twitter_ops channel is being used on Matrix to collaboratively draft and execute project account tweets (including retweets). Anyone with an interest in contributing to the Twitter account can ask for an invitation to the channel and can start contributing content and ideas there for evaluation by the Twitter group. As a result, no minority or unilateral veto over tweets is possible. (from GitHub)
Meetup in Puebla City, Mexico, organized by @elian. (photo, slides, missed in July issue)
@joshuam discussed Decred and decentralized organizations with Craig Laundy, Federal Minister for Small Business, the Workplace, and Deregulation with the Australian Government, at @YBFVentures. (photos)
Meetup at @TheBlockCafe in Lisbon, Portugal. @mm presented "Decred 101 - Governance with Skin in the Game" and @moo31337 talked about Decred's 2018 roadmap. (photos: 123)
Meetup in Taipei, Taiwan. @morphymore made a short intro of Decred and noted: "After the talk, many have approached to tell me that they literally don’t hear of Decred until today, and are interested in finding out more about the merit of a hybrid consensus system.". Longer report here, some photos and a video are here.
@eSizeDave introduced Decred to the SILC Undergraduate Program students at @YBFVentures. (photo)
OKEx Global Meetup Tour in Ho Chi Minh City, Vietnam. @joshuam gave a brief presentation covering the history of Decred, how the project functions, and the importance of governance. Afterwards he joined a panel discussion and spoke about Decred's incentives for long term viability. (video, video, photo)
Blockchain Futurist Conference in Toronto, Canada. @zubairzia0 noted: "Devs and the community were held in high regard for the people who knew about decred ... one positive thing I remember was someone defending us saying 'Decred does not need a booth', I believe that comment was reflective of the quality of projects being showcased at the conference.". (photo)
Meetup at @YBFVentures in Melbourne, Australia. @joshuam discussed Decred with Graham Stuart, U.K. Minister for International Trade. (news, photos)
Small meetup with Jackson Palmer in Melbourne, Australia. (photo)
Hawthorne Street Fair in Portland, USA. Raedah Group was out answering questions about crypto and Decred. (photos)
Blockchain APAC in Melbourne, Australia. @joshuam joined a panel discussion with reps from banking, university and ISO/TC 307. @eSizeDave reports: "This enterprise conference was indeed a whole lot better than I expected. The presentations were actually full of very worthwhile information from credible people, articulated aptly to a very government, academic, and corporate crowd, who genuinely took on board valuable insights. Good to know some of these key people are Decred holders and stakers as well. I got to use the entire day to speak directly with some of the most pivotal personalities in this particular populace. Ongoing relationships have been built and strengthened.". (photos: 123)
For those willing to help with the events:
BAB: Hey all, we are gearing up for conference season. I have a list of places we hope to attend but need to know who besides @joshuam and @Haon are willing to do public speaking, willing to work booths, or help out at them? You will need to be well versed on not just what is Decred, but the history of Decred etc... DM me if you are interested. (#event_planning) The Decred project is looking for ambassadors. If you are looking for a fun cryptocurrency to get involved in send me a DM or come talk to me on Decred slack. (@marco_peereboom, longer version here)
One private work channel was successfully migrated to Matrix.
Stylish room avatars were set.
@Haon has prepared a short guide to help new Matrix users get started and join the Decred rooms.
A thread was started to discuss changes to Decred jargon with the intent to make it more consistent and accessible to newcomers. The question whether changing "official" terminology requires stakeholder approval was touched in this thread and in #documentation.
Project fund transparency and constitution were extensively discussed on Reddit and in #general.
Pre-proposal to use Politeia to approve Politeia as a legitimate decision-making tool for Decred.
Reddit: substantive discussion about Decred cons; ecosystem fund; a thread about voter engagement, Politeia UX and trolling; idea of a social media system for Decred by @michae2xl; how profitable is the Obelisk DCR1. Chats: cross-chain trading via LN; plans for contractor management system, lower-level decision making and contractor privacy vs transparency for stakeholders; measuring dev activity; what if the network stalls, multiple implementations of Decred for more resilience, long term vision behind those extensive tests and accurate comments in the codebase; ideas for process for policy documents, hosting them in Pi and approving with ticket voting; about SPV wallet disk size, how compact filters work; odds of a wallet fetching a wrong block in SPV; new module system in Go; security of allowing Android app backups; why PoW algo change proposal must be specified in great detail; thoughts about NIPoPoWs and SPV; prerequisites for shipping SPV by default (continued); Decred vs Dash treasury and marketing expenses, spending other people's money; why Decred should not invade a country, DAO and nation states, entangling with nation state is poor resource allocation; how winning tickets are determined and attack vectors; Politeia proposal moderation, contractor clearance, the scale of proposals and decision delegation, initial Politeia vote to approve Politeia itself; chat systems, Matrix/Slack/Discord/RocketChat/Keybase (continued); overview of Korean exchanges; no breaking changes in vgo; why project fund burn rate must keep low; asymptotic behavior of Decred and other ccs, tail emission; count of full nodes and incentives to run them; Politeia proposal translations and multilingual environment. An unusual event was the chat about double negatives and other oddities in languages in #trading.
DCR started the month at USD 56 / BTC 0.0073 and had a two week decline. On Aug 14 the whole market took a huge drop and briefly went below USD 200 billion. Bitcoin went below USD 6,000 and top 100 cryptos lost 5-30%. The lowest point coincided with Bitcoin dominance peak at 54.5%. On that day Decred dived -17% and reached the bottom of USD 32 / BTC 0.00537. Since then it went sideways in the USD 35-45 / BTC 0.0054-0.0064 range. Around Aug 24, Huobi showed DCR trading volume above USD 5M and this coincided with a minor recovery. @ImacallyouJawdy posted some creative analysis based on ticket data.
StopAndDecrypt published an extensive article "ASIC Resistance is Nothing but a Blockchain Buzzword" that is much in line with Decred's stance on ASICs. The ongoing debates about the possible Sia fork yet again demonstrate the importance of a robust dispute resolution mechanism. Also, we are lucky to have the treasury. Mark B Lundeberg, who found a vulnerability in atomicswap earlier, published a concept of more private peer-to-peer atomic swaps. (missed in July issue) Medium took a cautious stance on cryptocurrencies and triggered at least one project to migrate to Ghost (that same project previously migrated away from Slack). Regulation: Vietnam bans mining equipment imports, China halts crypto events and tightens control of crypto chat groups. Reddit was hacked by intercepting 2FA codes sent via SMS. The announcement explains the impact. Yet another data breach suggests to think twice before sharing any data with any company and shift to more secure authentication systems. Intel and x86 dumpsterfire keeps burning brighter. Seek more secure hardware and operating systems for your coins. Finally, unrelated to Decred but good for a laugh: yetanotherico.com.
About This Issue
This is the 5th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack. Contributions are welcome too. Some areas are collecting content, pre-release review or translations to other languages. Check out @Richard-Red's guide how to contribute to Decred using GitHub without writing code. Credits (Slack names, alphabetical order): bee, Haon, jazzah, Richard-Red and thedecreddigest.
23rd July: Weekly Community Newsletter for Anonymous Bitcoin - Sixth Ed.
Anonymous Bitcoin Community Herald Edition 6
Editorial It has been a very busy week, and happily, Bitcoin is looking healthy. A few weeks ago, there was speculation of BTC falling to 2-3K USD. That looks pretty unlikely now, as the price has been fairly steady at 7.3-7.7K USD for most of the last week. A healthy BTC price gives the general cryptocurrency market confidence. ZCL has steadily sat at $8+US, with a big spike in volume occurring over the last few days. A special mention of an Anonymous Bitcoin admin is deserved: Brad Pat now has his German language website linked to the official ANON website. Clicking through 'Languages' and 'German' will take you to the site designed and created by Brad Pat himself: 'http://anonymousbitcoin.de/'. Congratulations Brad Pat! It looks great, is an inspiration, and it is a nice example of how an individual can uniquely support something they feel passionate about. A repeat from last week: Why not get into mastersternodes? Passive income from a masternode should be a part of every crypto-investors' strategy. Anonymous Bitcoin is making it accessible for everyone. WTF is masternodes ? (Check out some basics!). Additionally, have a look at @XeZZoR's medium article to clear up some misconceptions about masternodes. Thought for the week: Absorb what is useful, discard what is useless and add what is specifically your own. – Bruce Lee The next edition of this newsletter will be available 30th July, covering the week of the 23rd July to 29th July, 2018. Important Announcements and Developments A few days ago, we had a new video release from ANON featuring Sam and the development team. This video was packed with information and insights into the project. If you have not watched it yet, take some time to appreciate the hard work going into this fork: Behind the code. Spoiler alert! Among the many gems in this video is the revelation that the developers have produced a stable alpha 'testnet'. The August 10th live testnest deadline looks like it will be yet another milestone achieved by the Anonymous Bitcoin team – on time. Also covered was the important subject of ASIC resistance, and we heard that ANON's equihash variant is in alpha and is continuing to be tested for functionality. Lastly I will reveal that in the video was the beta Java wallet, being worked on by Kevin. Something I will let you all discover for yourselves is what Sam thinks no other dev team has done (clue – its near the start of the video). A big thanks to the team for giving us this unique insight into the complicated process that is being executed so well. It certainly is very far from a mere 'cut-and-paste' exercise that some pundits ignorantly suppose. Jake the Crypto King has begun (and likely finished by now) the application process to have ANON listed on cryptocurrency exchanges. As we know from official statements, multiple top 10 exchanges are targeted. Of particular interest to most: the Binance application has been submitted. Even though this exchange is notoriously strict about what a coin may say about their application, it is acceptable to state that an application has in fact been submitted. Listing on this exchange is arguably the goal of all coins, as it is the most popular platform and has the largest volume. Equally important, too, are the other applications. They are cumulatively integral to the success of Anonymous Bitcoin, and we all await the results. Bounty Winners Last weeks merchandise winners were : Darthcrypto and @sov_an If you want to look as good as Darthcrypto, you can purchase your own Anonymous Bitcoin merch at teepublic – or get involved in the community and win it! Congratulations to our weekly BEST COMMENT winners (3 ZCL) Week ending JULY 15, 2018- Twitter: @hossamhafez Youtube: @ReneSchmidtBerlin Reddit: @Michal_Dubsky Remember, it is easy to be in the running for this. Simply register and write a comment on our socials. No fuss. Minor Updates and 'Links of the Week' After the success of the ANON campaign with PaidThru last week, this last weekend saw a new twitter campaign run and won. The simple aim was to have 111 re-tweets go out, and ZCL was awarded to random participants. Will this be a weekly occurence? Stay tuned to find out.... Now live are Arabic, Czech, Dutch, French, Russian, Mandarin, Korean and Turkish versions of the Anonymous Bitcoin website. Thanks to our community members for making the translations. As mentioned earlier, the German link goes direct to Brad Pat's ANON German website. More translations will be added in the not-too-distant future. On the 18th of July 2018, the Paris Blockchain and Bitcoin conference was held, and Jake was in attendance. Although Anonymous Bitcoin is completely self-funded, a donation address has been released. Go to twitter @ANON_BTC for the ZCL and BTC addresses if you would like to donate, or just check on the prescence of the funding specified in the whitepaper (11,000+ ZCL ). It is good practice to verify these addresses yourself from official sources. Importantly, the use of the funds in these wallets will be decided by the masternode-holder's votes (i.e. YOU!). A brief video (made by a community member) featuring the ANON team, Jake the Crypto King in networking mode, and also some of the bounty entries is available for viewing on reddit. If you want to quickly catch up on what has been happening, or review ANON's story so far, this is a good 2-3 minute way to do it. Any price discussion of Anonymous Bitcoin or ZCL is forbidden on the official channels. The community has, however, set up their own channel to explore their expectations. https://t.me/anonymousbitcoinPP The Week Ahead
The ZCL bounty giveaways continue unabated.
Sam has indicated that he is currently working through some numbers to release in relation to masternode operation. Note: It is unlikely that changes will be made, the release is for the purpose of setting at ease the minds of some members of the community that have expressed reservations about the masternode technicalities.
Possible new twitter campaign / ZCL giveaway next weekend.
Coin Price Bumped from 0 to $600K in A Day, but Its Founder Has Far Bigger Ambitions
Last month, a new coin with no asset backup or utility attained a total valuation of $300 million on the second day of its launch. Its sole purpose was to "safeguard" the membership to a chat group. I recently did a followup interview with its founder, Chongge, hoping to learn his design of this coin and the community around it. https://preview.redd.it/2cl2uu1e3cd11.png?width=1490&format=png&auto=webp&s=f5e0120121cb0e21ecee840440e79eaba2efe6b0 BIANCA: The past half year saw a crypto bear market. Did you invest in any new project? Or just watched on the sidelines? CHONGGE: We made very few investments this month. Despite the bear market, the valuation for many projects remains unreasonably high. I'd instead search for buried gems than going through exchanges. Think of the fees new tokens have to pay to get listed on Binance, Huobi, and OKCoin. Why bother? An unlisted new token can have a low market value with excellent growth potential--that's what I'm looking for. The good thing about the bear market I think is that teams are less eager to sell their stuff and more focused on developing good products. BIANCA: You are one of the first bitcoin miners in China. What do you think of the so-called "trans-fee mining model" that emerged lately? CHONGGE: When we talk about mining methods, we talk about Proof of Work, Proof of Stake, and Delegated Proof of Stake. Consortium blockchains use Byzantine consensus. All of them are familiar. There is no news here. Lots of projects merely piece together existing mechanisms and claim to have created a new mining model. But in reality, it is extremely tough to devise a new mechanism. The "trans-fee mining" is just a marketing ploy. It is not based on any consensus and therefore has nothing to do with actual mining. https://preview.redd.it/6s6ixpsg3cd11.png?width=350&format=png&auto=webp&s=a69c5b15d0f6c12000583580758626fffcf01a8f BIANCA: I am also a member of the Aisi Wechat Group. From my experience, it is the most active crypto group chat out there. Tell us about your AISI community. How did you come up with the idea of "IGO" or initial group offering, where token issuance takes place in the group chat? CHONGGE: Basically, AISI Token is membership built on the smart contract. We initially planned to issue 500 tokens, so everyone in the group gets one for free [Note: the size limit of each WeChat group is 500 people]. People need this token to enter our AISI community. They also have to leave their token behind when they exit. Since it’s based on the smart contract, this membership cannot be forged, stolen or abused. It has credibility and authority. Additionally, it’s easy to transfer from one person to the next. To our surprise, the token’s value took off after we issued about 160 of them. People would spend millions of RMB in exchange for one AISI. I was as incredulous as everyone else! Then I realized it was out of recognition. People believe our membership worths that much. Let's suppose Jack Ma, co-founder of Alibaba group, creates a similar group chat requires a token for entry, the price of said token would have skyrocketed as well. Because we all want to join Jack’s group and utilize the resources that come along. So I believe the price reflects how much the crypto circle respects our AISI community. BIANCA: So how's the situation with members, now that AISI's price has gone up and lots of people want to join? CHONGGE: Normally, some would be tempted to sell their token. After all, it's one million RMB given to you for literally nothing. But we don't want a high turnover rate for the group. Nor do we wish to see long-time members leave one by one. So the AISI committee came up with a proposal. For the rest members, we would give out 0.1 token at first, and deliver the rest 0.9 token by 2% each month. I sent 0.9 of my token back to the committee myself. Half of the early owners who got one token responded by giving back their 0.9 voluntarily. I was relieved to see such support from the community. But technically, the token is still under their name. Even if you sell 0.1 of yours, your membership will be deemed void, and you will have to leave. BIANCA: So every member has one full token? CHONGGE: Correct. Nor are people with less than one token allowed to enter the group. Our community is valuable. Since the issuance of AISI, there have been frequent cryptocurrency airdrops into our group chat. The estimated value of airdrops we received so far cracked 80,000 RMB per person. We are a much more targeted audience than, say, those you can reach through website banner ads. Many are also influential in the crypto circle. Each member has an average of 2000-3000 connections through their WeChat account. If group members promote a particular project via their Wechat Moments, then the entire AISI community can easily attain over 600,000 impressions. More importantly, members will study those projects and make investments themselves. Now, we have kicked out some inactive members and opened up 30 spots. Our committee would still give out AISI for free to the resourceful and those willing to grow with AISI. We would invite candidates to join with a 2-month trial period, and if they pass, they’d be granted an official membership. https://preview.redd.it/c3j5w4jk3cd11.png?width=350&format=png&auto=webp&s=a75b09821b9264d4e59a57620ccd662b8b311467 BIANCA: What’s your long-term vision for AISI? CHONGGE: We plan to develop AISI into an eco-system. First, our committee plans to redistribute our fund. 70% go to the members. 20% go to the committee to cover operation costs. 15% go to media that have helped AISI grow its influence and reputation. Second, we founded AISI Laboratory as a part of AISI Blockchian Tech Company headquartered in Hangzhou, China. The lab provides technical support for other blockchain projects, and is in the middle of developing a new consensus mechanism. Last, I am thinking about founding the AISI Foundation. I plan to use AISI community’s influence to help prospective projects grow. This fund will be unprecedented as it will not be owned by a person, but by a blockchain community.
You can listen to the soundtrack of this article here: Play me
Have you ever heard a story, About Mrs. Feelesspaymentsglory?
Hello everybody! My name is Mickey, also known as Tezkatlypoka from Reddit, and I would like to show you my own gathered information about a great project which will have its own *ICO** very soon, the Hoard Invest. Hoard, the One and Only project setting you up to be your own bank!
The name of this little post is “Clash of Titans” and that's simply because we will have two big players in the field of cryptocurrency banking, where each of these two giants will trying to demonstrate their vision and make you be able to use your Crypto in a daily life. One of these two Ambassadors of crypto banking will be definitively ETHOS. ETHOS was the very first project where I have been convinced that their goal is to improve whole paying system and basically to build one. Their ICO was very successful, they obtain decent support from the medial world, their community is strong and the main fact is, their team is awesome. They have one young genius named Shingo Lavigne as a CEO and great strategies and visionary Mr. Stephen Corliss who has got a lot of experiences and connections to grant the opened door leading up to the institutional sphere for Ethos. Who was in ICO, made a decent amount of money. Everybody thought that has to be a true champion without any possible competition. When I heard about the Hoard for the first time, it was like when you get struck by the lightning. And hit by a truck right after! I immediately download their WP right to my phone and started to read it. I have to read it twice (you know, good stuff...well written, but lightning...truck...these can mess up your day completely). I have known right from a spot that I was reading about a true gem. I get Inspired. I wanted to know more and the baseline which started all of this was: They are like Ethos but slightly better! There is a man in Hoard Invest who is very good at making things done. His name is Jason Davis and he is a new Rockstar in the cryptocurrency Rock and Roll Hall of Fame. He will bring a whole new concept to the world of the banking industry. He will create a special kind of bank without a possibility to provide loans. Hoard will partner with some banks to provide a real bank account with all the basic stuff in a little while. Mr. JD has a tremendous experience in banking systems and also in application design and development. He has learned what struggles a new customer has to overcome and that's because he was a new customer once too. He is able to assemble those two things together and create ripper breakthrough product. The last piece of this puzzle is Mr. Dan Lipert, an expert who can code everything Don't get confused! This "ZZ Top look" guy has got very high expertise rating in coding stuff and if He looks like Jazzy Hipster, his ability to write a code is like when you are watching Eddie Van Halen play his Eruption solo. The movie Hacker with Hugh Jackman has been written by his CV btw and since he was working for the government of US as an IT expert, he has to know the drill. The team like this has a decent power to attract and create powerful alliances. I choose to write about Hoard Invest because everything about it makes sense to me. This is where crypto needs to go for adopting. Only with projects like Hoard will the world start to take cryptocurrencies seriously.
The world will start taking crypto seriously if there will be a real use for that...like “Let's use it as a money”! (JD)
Someone sings to Shingo drone, Someone hails from Jayson’s throne.
The Hoard ecosystem
Let me tell you about another ecosystem which will make a huge impact on the future world, let me tell you about the possibility to be your very own bank, let me tell you about a team which is good as a hack and about their application modern design of which is fucking sick! The Hoard is an ecosystem build on very good foundations. In this ecosystem, you will be using the hybrid multifunctional wallet where you can store all your coins and if this is not a game changer for you right now maybe I will change your opinion by adding another game-changing and astonishing tool, the Fiat gateway. That's right! Unless you are not one of the most demanding readers and you are already convinced to buy their stuff, here you have a link https://www.hoardinvest.com/token/ and take care, but if you like it in more hardcore motion like I do, let's continue with some special perks list reading, shall we? :) By implementing FIAT gateway they successfully put away any need for logging into an exchange. So you don't have to buy BTC or ETH (and pay the fee) for your EUUSD, then send them on Binance/Bitrex (and pay the fee), purchase a Litecoin (for a fee) and then make a final payment with some fee (well fu*ck me, that's a lot of fees). We got to used to it. Another ripper they can provide you with is the system of Instant payments. You just click on the button “spend” and sell whatever coin you have at the moment and you will instantly get a value in dollars which you can use for your morning coffee purchase. That is really important because you can pay for whatever you just have right now. What suit your needs better. If you have only Neo and you want to pay with Neo, but your shop receives only Litecoin and Bitcoin, you have to go on the exchange and consolidate it, make a transaction, do a market, spend some time, pay the fees. Not anymore with Hoard. Another thing is they want to create 1:1 peer to peer relationship in transactions (you send One BTC, the guy will receive one whole BTC, not 0,98). So we have an Ethos on steroids here but what is their vision? I think the basic idea is to make a highway for completely new users in the sphere of the crypto world and clear a path for them completely; no obstacles if possible. You are also a Master of your private keys and passwords. Hoard can hold them for you if you like (in a way of provided service/support as encrypted backup). You can be your own bank. Hoard is not a bank in the classical way of thinking. The mission isn't to work for as many banks as possible but make the banks want to work with HOARD. Using Hoard means = Technology+security+support and almost Zero fees You can also Invest your crypto profits right from the App and then forget about it for a while and let your money grow. This is first very first ICO available in the US and bears witness to this historical moment, when 3-8 % of world economic lays peacefully in the arm of cryptocurrencies and do this all from your smart device, with a help of the elegant and well-written application.
Someone in hoard with shiny might, Someone is alone, in the endless night.
What can Hoard offer to you
1) Cross-chain transactions and inter-exchange price matching 2) Instant transactions with Masternodes and minable transactions for scalability 3) Dapps on the Smaug network and possible ICO hosting. Airdrops to token holders each ICO 4) Public or Private transactions 5) The decentralized exchange where you always control your private key never the exchange 6) Fiat Gateway with the first fully compliant US-based ICO 7) Multi-currency wallet where Hoard never holds your private keys 8) Merchant services — send and receive payments in any currency including fiat regardless of initial currency type 9) Low transaction and other fees. Fees will be very low and allow you to do microtransactions for zero or almost zero fees 10) Sidechain for instant low fee transactions (think the lightning network and plasma) with multiple layered blockchain 11) Portfolio tracking 12) INV Fintech partnering 13) Self-auditing process via Oracles 14) Two possible levels of KYC authentication 15) You have all needed tools to be your Own bank 16) Strong community
Someone tried to get that throne, He shall be doomed with crown of thorns.
Summary and Technical shortcut for advanced readers
The basic idea is to make a highway for an experienced user and clear a path for him, no obstacles if possible
You are the master of your keys and passwords, Hoard can hold them for you if you like in a way of provided service/support (encrypted backup)
Direct communication with banks; the idea is banks should want to work with HOARD
Their contribution to blockchain is a second layer payment protocol (Raiden; it is off-Chain; it is cross-chain capable)
They want to create 1:1 peer to peer relationship in transactions (you send One NEO, the guy will receive ONE whole NEO)
HOARD = Technology+security+support
HOARD is not a classic "bank"
The world will start taking crypto seriously if there will be a real use for that...like for money!
Important thing is that you can pay for whatever you have. If you have the only NEO and you want to pay with NEO, but your shop receives only Litecoin and Bitcoin, you have to go on the exchange and consolidate it, make a transaction, do a market, spend some time, pay fees.
Hoard has got an instant payment system, so you click button spend and sell whatever the fuck you have and you will have dollars
If you try to screw our network, they will take your value(basically PoS for exchanges)
By running Master node you can store your keys on our own system when doing trading with our platform; never keep your keys on an exchange.
They will have well know customers and unknown customers (true decentralization)
So it is basically a side chain with PoS in OAR
MM, Oracle(transparent auditing system), low fees, micro/instant transaction, support -> you want this
The Hoard is an ecosystem
Banks are in use of the BlockChain for 6 years already
Providing a trusted and secure bridge between the fiat money and cryptocurrency environments -FINRA/MSB regulated and KYC/AML compliant
2nd-layer cross-chain payments protocol for everyday use, serving as a valuable utility reinforced by our native currency from day one
OAR can be used to accelerate the conversion of fiat-to-crypto when buying cryptocurrency and crypto-to-fiat when cashing out or as a daily settlement mechanism for merchants. OAR enables holders to atomically transact - spend using (X) or (X + Y) currency while the recipient receives (Z) currency, instantly
OAR is ERC20 token running on Ethereum platform. They will migrate to their own chain in the future
They are opposite of Ripple
Oracle It is a software for auditing. Oracle sees everything, it knows what everyone has in their wallets on the platform. They will monitor the blockchain and collect data and use that data to react...its kinda like AI. Setting a current value of the crypto you are hoarding. Will be open-source in the future.
MasterNodes The master nodes have not yet been finalized. Master nodes are things you can run on your own by holding tokens, stabilizing the token value and help the Hoard to run transaction easily. By running a master node you provide a help with building decentralization.
Smaug protocol Instant trustless payments across any currency or smart contract based blockchain. Instantly and automatically swap holdings at transaction versus manual coin consolidation. Decouple reliance on any specific chain, foundation or exchange.
Now, let's get back to our comparison. Mr. Corliss opens up the institutional side for ethos. He has deep connections from his time with BlackRock and knows how to give confidence and legitimacy to the ethos project. Having top talent like him attracts other top talents to join too. Shingo had a good idea. He cocked the rest of it up. Ideas like prediction or betting... then who knows what. They can still make it a good platform in the long run. Mr. JD on the other hand, is so Fair dinkum and True blue developeprogrammebusinessman/dealmakeblockchain-evangelist/ and a great entrepreneur, because he understands the day to day problems in our own personal financial dealings and management systems, having a vast knowledge of blockchain technology he has come up with the solution we have all been waiting for. He is a solid unit. He made a tool to let us be our own bank and be less reliant on corporations who love to take your hard earned money and fee you to the death. If Roger Ver is Jesus of Bitcoin Cash, then JD is Chuck Norris of banking systems in the cryptocurrency world. Ethos vs. Hoard. When it comes down to it, show that Ethos is offering two things. A fiat gateway for cryptocurrency investing and crowd sentiment for investing..(with Binance offering USD pairing soon ETHOS needs to step its game up). Hoard will be a fiat gateway with a minimal to no fee exchange and its base, with a network for instant transactions of any coins and also the ability to make any transaction private. Think what lightning network was for bitcoin but quicker and for any currency. Along with AI investing, spare change investing. The last thing is the fact you hold your own private key (at ETHOS you don't). So my advice is: Do not sell your ETHOS for HOARD even thought that I am very bullish in the HOARD case. It’s not always about the best technology remember, but don't hesitate with HOARD very long. But need to say they are both very decent projects. I like Hoard more and that's all. Remember that without a strong competition they would not be a true winner and how could we recognize a great gem if there isn't anything similarly good for comparison? I am using a reference to my good buddy EvilMonkey. He is an awesome writer and he did a great review about Hoard a few days ago. You can read his article here: https://medium.com/@ICOProReivews/hoard-invest-ico-review-52f18c3227d6
Epilogue and acknowledgment
Ok my friends, regular people, fans of crypto, early adopters and decent readers, you have made it again. This is the end of this sorry and I frankly thank all of you for your kind attention and wish you all have a great day (...or a bad day, depends on your level of self-sadomasochism, haha). For me is the Hoard Invest the winner of this Clash of Titans and We my friend will meet again in Jason Davis interview, which will be pretty awesome.
Future will show, who will bow, Who shall be victorious in Titan's brawl.
An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. (31 points, 59 comments)
1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! (27 points, 11 comments)
Gila's Nosh | 23rd Street NOW ACCEPTS NYC! (24 points, 7 comments)
LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. (24 points, 18 comments)
Only way NYC will go big is if we as a community come together and make it big. It’s not magic, we are investors and it is our duty to help this coin grow so developers have enough resources to further the project. (18 points, 9 comments)
More exchanges is the solution (14 points, 6 comments)
Dallas Mavericks announced they will accept Cryptocurrency next season.. (13 points, 3 comments)
NYC (24hr) trading volume passing $1m!!! Coinmarketcap is fixing bug that is stopping updating of volume. All markets offline at coinmarketcap. NYC TRADING VOLUME IS EXPLODING!!! (10 points, 4 comments)
1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! by hivewalletvictim (27 points, 11 comments)
Who is applying and sending in the info the exchanges require to get added ? Ill do it and pay the fees they require if someone will give me permission and materials I request. I’ll pay the fees as well they range $5000 to 20,000. Exchanges want money it’s that simple. by earthfunds (26 points, 10 comments)
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