XSWAP DEX brings DeFi into ABEYCHAIN blockchain ecosystem

ABEY Foundation, the non-profit body that oversees the activities on ABEYCHAIN made the announcement this week. The launch of XSWAP represents a significant milestone for ABEYCHAIN and introduces users to the world of decentralized finance. 

Making DeFi easier on ABEYCHAIN

XSWAP is an innovative decentralized exchange built on the ABEYCHAIN blockchain and provides a highly scalable trading platform with low transaction fees. The DEX provides a low barrier of entry for DeFi users, and projects can list their tokens at minimal costs compared to centralized exchanges. 

XSWAP also has some of the lowest gas fees and slippages in the DeFi field. In addition, users can swap between tokens and maintain more value than on other DEXs. The DEX also supports all AR-20 tokens and cross-chain tokens like Bitcoin, Ethereum, Litecoin, Binance Coin, Polkadot, and ABEY Storage Token). 

What makes XSWAP unique is its innovative operation mechanism that integrates automated liquidity and an automated market maker model.

Centralized exchanges are faced with the constant fear of losing liquidity. XSWAP solves this problem with a new trading model called automated liquidity protocol. 

With this model, users are incentivized to trade on the exchange and become liquidity providers (LPs). Liquidity providers stake their tokens in staking pools that the DEX pooled together to execute transactions on the trading platform. 

New tokens listed on the XSWAP platform will be provided to their respective pools which LPs can provide digital assets in exchange for rewards in either the asset staked or XSWAP’s native token XT. 

The decentralized nature of the DeFi sector means that it could be challenging to get the actual value of tokens. Therefore, XSWAP has introduced a unique pricing system using the innovative automated market maker to determine the price of individual tokens on the platform. This method uses the current market supply and demand as the primary metric and adjusts the price of an asset accordingly. 

ABEYCHAIN also ensured that the design of XSWAP is user-friendly, and users only have to connect supported wallets like MetaMask and ABEY 2.0 Wallet to access features. Once connected, users can stake assets in liquidity pools and swap between supported assets. ABEYCHAIN’s native token ABEY serves as gas for the DEX. Thus users have to hold ABEY tokens to make transactions on the decentralized exchange protocol. 

A Unique Governance Token 

XSWAP has a native token called XT that serves as the governance token for the exchange. The token will be distributed to users via airdrops and as rewards for staking liquidity into staking pools. Holders will be able to vote on major proposals and changes on the decentralized finance platform.

XSWAP has already conducted the first airdrop of the XT token on August 17, 2021. The airdrop was concluded in just four hours, showing the growing demand for XT within the crypto community. ABEY Foundation has stated that more XT airdrops will be made available in the future. 

About ABEYCHAIN

ABEYCHAIN is a multi-layer blockchain protocol that is built on a hybrid consensus infrastructure. This ensures that the blockchain can process high volume and high-speed transactions while maintaining security and efficiency. 

Developers can leverage ABEYCHAIN to build innovative applications, and its architecture can be scaled to process 10,000 transactions per second. Since the launch of ABEYCHAIN 2.0 earlier in 2021, its ecosystem has expanded massively. 

ABEYCHAIN has more than 100,000 users that interact with different products within its ecosystem. To learn more about ABEYCHAIN and XSWAP, visit Abey.com and XSWAP.com.

Disclaimer: This is a sponsored post brought to you by XSWAP.

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Core Token latest state-of-the-art token closing its pre-sale 11th August 2021

With the new hype around Core Decentralized Technologies that sees communication as a human right, a company that has been in development for 7 years quietly in the centre of Europe, Slovakia, has popped out of nowhere with their amazing disruptive and groundbreaking technology. Their board of directors host some of the biggest names out there in the tech industry with several interviews showing they mean business.

Defining Core Token which ends its pre-sale at midnight CET 11th of August 2021, we need to look at the blockchain it is built on. It is a brand new custom-developed blockchain, Core Blockchain Network, the first in blockchain ever to use the Edwards Curve ED448 which is one of the highest levels of encryption with its latest improvements for modern cryptography and advanced cryptography standards, which allows the Core Blockchain to execute confirmed transactions in 42 seconds and at transaction speeds of up to 10,000 transactions per second. . Core Blockchain Network is currently undoubtedly the fastest, safest and most affordable, truly scalable decentralized blockchain in the world.

The Core Token itself is a utility token for all the services which Core has developed, a maximum supply of 1 billion with 18 decimal places. Core Token also has a very unique feature where on-chain payments can be made without the need of the Native Core Coins.

To talk about the value and growth of Core Token, on the release of the mainnet there are several use cases that will create immediate demand for Core Token such as Core Group, a decentralized asset digitization, financial services and settlement platform, CorePass, a decentralized blockchain-based digital identity with integrated digital attributes and digital wallets. Core Token is currently developing several 3rd party use cases in asset digitization, enterprise token platform in the payment facilitation and money remittance industry, commodity and logistics digitized finance project, supply chain management, high volume retail trading and an ethical farming farm-to-fork project.

Within Core Group, there are several applications such as Ping Exchange, a hybrid exchange that will also be the first exchange to have Core Token listed. Ping Exchange has multiple pairs such as Crypto To Crypto, Fiat To Crypto and Vice Versa, Forex, Assets, Commodities, Securities, Digital Assets, Stocks, Shares and Bonds. The wide range of markets that Ping offers is exactly what makes this exchange exceptional and hybrid compared to others on the market.

There are several other use cases that will use Core Token, namely Ting, a peer-to-peer decentralized communications platform and TokToKey, a fully decentralized e-commerce platform. With many more new use cases that are currently onboarding.

Every smart contract that will be deployed is payable in Core Token which increases the demands on Core Token even further. 

The entire Core Decentralized Technologies ecosystem has various forms of AI built on the Lunaº Mesh platform, allowing inclusive worldwide reach of the Core services, in some areas without internet, covering 98% of the globe, including oceans.

If you are interested in Core Token, don’t forget to visit coretoken.net because the pre-sale ends tomorrow. More information about the Core ecosystem can be found at coregroup.cc

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Disclaimer: This is a sponsored post brought to you by CORE Token.

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TomiEx: CBDC’s would eventually lose competition to global stablecoins

Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.

The reason for this is that there are too many expectations on an international level associated with state-controlled digital currencies. Major hopes are related to the internationalization of some currencies like the Chinese Yuan. But, in the case of the Chinese e-CNY – which is the digital Yuan – the main purpose of introducing the digital currency was to replace cash and to get a crackdown on other money substitutes which were used to make online payments via WeChat and other applications with internal payment system.

So, with the major implantation of an e-CNY, the Peoples Bank of China (PBOC) is expected to continue to eradicate cash to get full control over money circulation in the country. Following this logic, internationalization of the Yuan would be rather limited to central bank-to-central bank payment arrangements, even if a multi-digital currencies arrangement with a single jointly operated payment platform and recognized local ID identification access by citizens of the participating countries were setup. 

Moreover, the introduction of various CBDC’s would not facilitative tourism as payment operations as a foreign tourist would likely be limited to a specific selection of goods and services. Payments via companies would be still be limited even in the tourism sector that would diminish the significance of the country’s digital currency for international settlements.

Foreign CBDC’s could put additional stress on the banking system and pose cybersecurity risks. Three U.S. Republican Senators have recently asked International Olympic and Paralympic Committee to forbid American athletes from using e-CNY during the winter Olympic Games in China which are going to start in February 2022. And the reason of such concern is that the payment application with the digital wallet may bear a code of state-mandated spyware and will allow for the tracking of U.S. citizens even upon their return. So, at least in the United States the use of the digital Yuan may face strong opposition from policymakers even when it comes to interbank settlements.

Fears of possible substitution of the domestic currency by a stronger foreign one and paired with possible tax avoidance. Such spillovers may threaten countries with high inflation and other unfavorable economic conditions.

So far, on the government level, it is more mistrust and skepticism over a single international digital payment system that would be used by many central banks to overshadow international CBDC’s sentiments. Major world monetary policymakers like the Federal Reserve in the United States do not fully understand the purpose of issuing digital Dollars. Randal Quarles, vice chairman for the supervision at the Federal Reserve said in June that CDBC is more like a fad while many Dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.

On the other hand, global private stablecoins are usually backed by cash reserves or a liquid asset that could be easily turned into cash like U.S. Treasuries. Such stablecoins usually emerge in the ecosystems that are built on top of large financial institutions or global IT-corporations that are recognised worldwide. The brightest and most successful examples of such IT Giants are WeChat, Alipay, Baidu Wallet and Sina Weibo. WeChat Pay users exceeded 900 million in 2021 and the service took over Alipay as the most popular payment service in China, although globally Alipay is leading with 1.2 billion users. It is reported that Chinese users can use WeChat Pay in 25 countries outside China.

Currently, the Chinese government is trying to harness the development of these IT giants as they are becoming too strong and popular, taking over banking institutions in the country. Overall, it seems that Chinese leaders have underestimated the enormous concentration of financial power and the vast amount of personal information collected by these digital monsters.

The same concerns are raised by regulators worldwide who are investigating whether Facebook, Google and other internet giants are leveraging their dominance to squash competition, or abusing user data. The Facebook-supported Diem cryptocurrency, which is planned to be launched later this year, would work through entire Facebook ecosystem, including WhatsApp and Instagram.

Diem is linked to a single currency like the U.S. Dollar and the Euro and is backed by assets including cash, cash equivalents and very short-term government securities. Widely critised by U.S policymakers in the congress, Diem or Libra, as it was originally called, may serve as an example for the large corporate ecosystem with its own stable currency backed by liquid assets in major world currencies.

Needless to say, that if Google, Amazon and Apple had their own “pay” systems, the same kind of technology would be used to create a self-sustainable system that would attract retailers and service companies, pushing the banking sector out of business.

And that could be a close reality ast the Federal Reserve seems to be praising privately issued stablecoins that could help solve some of the inefficiencies and inequalities in the current payments system, according to the same Randal Quarles.

Michael Domar, CEO TomiEx exchange and TEX coin  https://tomiex-tex.com/

Disclaimer: This is a sponsored post brought to you by TomiEx.

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CluCoin’s Charity-Driven Protocol Aims To Change The World

The text below is an advertorial article that was not written by Cryptonews.com journalists. Can crypto change the world? CluCoin is demanding that it does. Founded on Community, Love & Unity (CLU), this charity-based token has made waves in the crypto community, garnering a sizable fanbase. CluCoin’s mission: alleviate suffering all around the world through charitable giving. Indeed, the

Is Australia a Nation of Crypto Holders? – New Survey


A recent survey conducted by Australian finance brokerage Savvy has polled 1,000 Aussies about their sentiments toward cryptocurrency, finding 17.3% already hold some kind of crypto, with 36% intending to buy crypto at some point in the future.

If extrapolated to the general population, this could indicate 500,000 people Down Under own crypto.

Seventy-one percent of those surveyed said that they either understand or want to learn more about cryptocurrency.

Savvy managing director Bill Tsouvalas says that crypto is definitely the “money of the future”, and crypto-loving Aussies were drawn to Bitcoin and Ethereum due to the public profile of “Bitcoin millionaires.”

Tsouvalas continues,

“I think that the public perception of people who became very rich almost overnight riding the Bitcoin wave contributed to a big uptake of crypto in Australia. A lot of respondents said they bought into crypto for ‘fun’ but people are turning away from crypto being a shiny new object to a long-term investment, especially for people who want to diversify their portfolios even further.”

Asking the reasons why Aussies bought crypto reveals Bill’s initial assessment.

One-third of those who had bought into crypto indeed said they’d done so to make money fast. Forty-seven percent of that same group said they’d buy more crypto in the future for the same reason. Forty-one percent said they did it just for fun.

Of those looking to buy in the future, 47% said they wanted to make money quickly, 38% to invest for the long term and 28% to diversify their portfolio. Those saying they invested ‘just for the sake of it’ dipped to 22%.

Less Wild West and more bricks and mortar, please

Looking at the Savvy results, a lot more Australians want cryptocurrency to be better regulated. Almost 80% of respondents agree that crypto should be tightly regulated.

At the moment, not many Aussies think crypto is the money of the future – at least, it will live a parallel life with traditional fiat currency. 9.7% say it’s more likely than not that the Aussie dollar will go the way of the Tasmanian Tiger (their version of the Dodo).

“What’s interesting is that more and more Australians are using digital wallets. We did another survey showing 47% of Australians prefer paying via a digital wallet. Australians love their tap and go using Apple Pay or Google Pay. It’s only a matter of time until they are paying with crypto instead of Aussie dollars.”

The Australian government taxation department, the Australian Taxation Office, is now levying capital gains tax for investment or business use of cryptocurrency.

However, paying for goods and services less than $10,000 in cryptocurrency is considered ‘personal use’ and not subject to CGT.

Paying in crypto could circumvent the Australian Government collecting its 10% goods and services tax on low-cost items, especially from overseas retailers that do business in Australia. According to postal service Australia Post, 5.68 million Australians participate in online shopping.

“Aussies love a bargain – and if they can avoid the 10% GST by using crypto, they will.”

Will the bubble burst?

Respondents were split when asked if the ‘bubble’ would burst this year (21%), if prices would remain stable (20%) or Bitcoin would reach a new high (19%). Either way, more Aussies are getting in on the crypto wave.

“I think a few years ago we didn’t have the infrastructure to handle crypto. We had to cash checks and send them God-knows-where and hopefully get some crypto in our wallets. Now we have access to Coinbase and Trust Wallet, and it’s easier to acquire, pay and dispose of crypto. We even have our own Aussie-based exchanges. The easier it is to use, the more people will use it – and retailers and finance companies will be forced to follow suit.”

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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The power of decentralized governance: CluCoin donates $125,00 to the Save the Children Organization

CluCoin (CLU) is a globally available, blockchain-based, hyper-deflationary token with a smart staking system running on the Binance Smart Chain. CluCoin aims to empower charitable organizations and individuals around the world to impact the communities they serve.

In its first month, the CluCoin community was able to donate $125,000 worth of $CLU to the Save the Children Organization. This was achieved through the decentralized CLU’s governance model, which allows token holders to vote on how to mobilize funds, a concept known as a Decentralized Autonomous Organization (DAO).

Separately, CLUnited, a non-profit organization is in the midst of being created, a 100% charitable entity that will work together with CluCoin to provide tax-deductible donations. The CLUnited non-profit has been founded to empower individuals, enabling them to have a greater impact on their local communities and alleviate suffering around the world.

What is CluCoin

CLU, short for Community, Love, and Unity is a blockchain community and project with its own native token, CLUcoin ($CLU) – which is now listed on BitMart, and a hyper deflationary auto-generating liquidity protocol with static farming. 

Clucoin’s governance system ensures that with each transaction, $CLU tokens are distributed to every holder’s wallet. $CLU holders are also rewarded through events, NFTs,  blockchain games, and various community-sponsored play-to-earn activities, among other exclusive perks, rewarding token holders for their governance and curating activities.

CluCoin aims to build one of the largest charity-focused global communities, where each $CLU token holder can vote and donate in a fully transparent and immutable manner. eCLU holders can claim holder roles, earn special perks, and participate in governance to manage our community projects, such as CLU’s Axie Infinity Scholarship Program. Tournaments, unique prizes, exclusive events, and even CLU Quests are held for rare and limited NFTs made by talented artists.

Disclaimer: This is a sponsored post brought to you by CluCoin.

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Navigate the Market – Finding the Best Exchange With a Crypto Exchange Aggregator


As the hype around cryptocurrency exchanges has been increasing over the last couple of years, the community’s demand for the services is rising and their needs are changing, making crypto exchange providers go to all lengths.

People nowadays require a service that allows them to be able to convert cryptocurrencies with no hassle, no custody, no registration and no extra time and fees. Having reflected on the community’s high aspirations, crypto exchange aggregators emerged.

Through partnerships with different sorts of crypto exchanges, aggregators step in to empower users with an all-encompassing tool and ensure a smooth, unified experience. Cryptocurrency exchange aggregators like Swapzone assist users in getting all the information they need.

  • Details on exchange offers currently available, such as real-time rates and an average ETA of an exchange.
  • Details on their providers, such as their ratings, KYC policies, advantages and downsides.

Besides amassing and collecting, exchange aggregators also feature in-house exchanges, ruling out the need to redirect users to third-party websites. With a tool to analyze the current cryptocurrency exchange market and its players, the community can cater to their specific needs, and the crypto exchange players get a chance to develop since they have to stand out from the competition.

Opting for alternatives and product differentiation

As the market becomes highly competitive, users have more options to choose from. Although having a myriad of alternatives sometimes might be seen as a stalling factor when it comes to decision-making, aggregators alleviate the challenging part of having to compare dozens of websites and indicators, listing everything on a single page.

This simplicity, in turn, forces stakeholders  or exchange providers – to introduce premium services in order to stand out and differentiate themselves from the rest of the market players, either in terms of rates and fees or by the number of currencies and pairs supported. Giving the stage to smaller, lesser-known crypto exchange actors with more favorable rates, aggregators also keep more prominent platforms on their toes.

That’s how a market aggregator becomes a driving market force. It makes exchange providers perfect their services, which accelerates the pace of advancement of the whole market. This development then brings in benefits not only for the community but also for the blockchain-cryptocurrency ecosystem as a whole.

Aiming at simplicity and convenience

To bring blockchain to the masses and promote mass adoption of cryptocurrency, crypto exchange aggregators do their best to ensure both simplicity and convenience not only to convert digital assets but also to convert beginners and conservatives into using crypto. Surely, every exchange platform has a somewhat similar operating mechanism, but at the same time, each has its own intricacies of usage.

With beginner-friendly aggregators that are constantly polishing UI/UX, the common user flow is ensured for every exchange service, with the exchange itself being performed within the same interface. That way aggregators both add to a better experience and act as mediators between users and a plethora of instant crypto exchanges.

Aggregators also implement top-notch one-click functionality features actively promoted by tech giants, for example, the integration of support for WalletConnect and MetaMask to offer a quick way for the community to connect to various wallet applications when depositing with Ethereum’s ETH or other ERC-20 assets in a handful of seconds.

Going for the best and the most

Providing the community members with a holistic crypto exchange overview, exchange aggregators like Swapzone are doing a good portion of work for them, offering a bunch of sorting tools to sift through crypto deals and providers.

  • Find the best exchange rate to save money. Instant exchange services collaborate with multiple liquidity platforms, such as Binance, Poloniex and Kucoin, to find the best rate that they can secure on the current market. For example, take a look at the Bitcoin to Monero pair. An aggregator collects dozens of BTC to XMR exchange rates from all integrated exchange services so that the user can choose the best one among myriads of them.
  • Choose the fastest exchange service to save time. Every instant crypto exchange proudly claims to offer lightning-fast transaction processing that only takes a couple of minutes, but reality hits harder with longer BTC deposit confirmations and network congestion. That’s why an exchange aggregator calculates ETA based on the type of assets chosen, the number of confirmations needed and the exchange platform selected.
  • Opt for exchanges with the lowest fees to avoid unexpected losses. No one likes paying fees, whether they are college fees or parking ones, as they make any activity less accessible to communities of less fortunate walks of life. Many cryptocurrency projects strive to do away with it, ensuring even zero fees, like NANO, but that’s usually an exception to the rule. What makes it worse is an exchange platform that hides the fees to make exchange rates pop, setting a trap for users that buy into ‘lowest fees’ catchphrases. An aggregator, though, seeks to give the community a heads-up with special ‘fees are not included’ warning labels.
  • Go with the safest exchange provider to reduce anxiety. Matters of security and safety comprise the very core of the crypto space, making non-custodial exchange services more appealing to those willing to manage their funds themselves without disclosing personal information. To help users do their research prior to converting their Bitcoin to Cardano or Bitcoin to Monero, instant crypto exchange aggregators list not only their descriptions but also all the details on their KYC/AML policies, their system’s reliability and support team’s productivity.
Striving for decentralization and maximum security

Long ago decentralization became one of the most hot button topics in the industry with security as its top priority. In these uncertain economic frameworks, centralized custodial exchanges might still have a larger audience since people tend to have more trust in those. However, a growing number of enthusiasts and traders now root for decentralized platforms as these have no control over users’ funds, provide much-needed anonymity and eliminate counterparty risks.

Making informed decisions here and now

The community can still follow the beaten track and opt for a familiar platform. However, having a service that not only lists options but also provides tools to analyze them and integrates cryptographically-secured DApps might be a much more desirable alternative for many.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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The Explosive Growth of DeFi – Who Is at Risk?


The explosive growth of DeFi is driven by a massive influx of liquidity in the market. Anyone today can go through a simple process of exchanging their money for a coin without completing any KYC/AML verifiable processes, invest it in a project with great potential, and crossing fingers, watch the investment grow. In other words, users can easily create wallets and start trading without disclosing any personal data. The process can be squeezed into a short formula – exchange, invest and get rewards.

DeFi and its technology can open up an enormous amount of opportunities for both honest market players and not-so-honest ones. Bad actors serve the function of laundering ‘dirty money’ and systematically put the good actors and their financial activities at risk. Meanwhile, good actors who add a tangible value to the rebuilding of the global financial system can be approached and denied any further activity related to DEXs or prevented from providing liquidity to liquidity pools by FATF.

According to OKEx Insights, Q1 2021 overall monthly DEX trading volume almost tripled compared to the quarter ending in December 2020 ($25 billion).

The average daily DEX trade volume grew from $0.71 billion to $2.26 billion – a quarterly rise of 318%. Uniswap, the most popular DEX at the moment, had more volume than Coinbase, the most credible centralized exchange of the whole crypto market.

In this context, FATF has declared to the G20 that jurisdictions must update requirements to implement AML/CFT mitigating measures. Furthermore, a new draft of the European Commission MiCa could restrict EU citizens from accessing DeFi projects – at least if they do not agree with the proposed strict legal regulations.

Chainalysis concludes that money laundering via DeFi is increasing – about $34 million of DeFi transactions in 2020 were conducted by criminal actors. Chainalysis forecasts and predicts exponential growth of illegal activity on the DeFi market, and this would cause another huge market problem – DEXs being regarded as dangerous by institutional investors and credible financial players around the world.

Following this information, you’re exposed to several risks that are outlined below.

What are the real risks?
  • Liquidity pool users – Users will unwillingly take the high risk of picking up someone else’s ‘dirty’ money trail once they decide to withdraw their assets.
  • Liquidity pool operators – Having a product to run means taking responsibility for the funds that the pool holds. The value of the product is completely demolished once it is not credible for all users. It is especially hard to earn users’ trust when your product doesn’t comply with money laundering and governmental KYC regulation.
  • DEX traders – There is no way you can classify coins on your own with no external help. Without keeping the history of each transaction, you will never be able to defend whether you knew the buy or sell was ‘clean.’

In conclusion, the smartest solution to keeping yourself safe from any potential ‘dirty money’ traces would be to outsource compliance to the professionals who can guarantee your safety.


Slava Demchuk, certificated anti-money laundering specialist in the crypto industry and member of Blockchain Ukrainian Association. Founder and CEO of AMLSafe, AMLBot and PureFi.io.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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CoinsPaid CPD Token Launch – Sharing Our Experiences, What We Do and How We Do It


In just a few short years, the CoinsPaid team has gone from a startup to the leader in iGaming payment processing. And now, our well established and well-coordinated team of professionals has entered the DeFi space with its own token.

Following our goal of enabling traditional businesses and their clients to use DeFi tools, we’ve taken the initial step in the journey of launching the first initial DEX offering (IDO) in our company’s history. We consider this as one of our most significant events.

As CoinsPaid CEO, I’d like to share my experiences and insights on the IDO launch and how the initial stage of our IDO worked successfully.

Around a year ago, I wrote an article on how to avoid scam projects in the DeFi world, where you can freely read my thoughts on the matter.

During the IDO launch, my team and I compiled a checklist of actions, explaining what steps to take first and what to focus on before the project releases.

CoinsPaid checklist
  • Evaluate how feasible it would be to create the DeFi token or coin. CoinsPaid has carefully worked through tokenomics to consider all scenarios and has built a successful strategy for developing the CPD token.
  • Choose a platform for the launch and select a team of experienced advisors in the crypto sphere. If you already have a well-established team, involve them in the project instead of outsourcing. You can also hire managers to train your employees on the specifics of working with an IDO.
  • Generate tokens on a blockchain that meets your needs by answering the following questions: What algorithm is used and for what purpose? How many tokens have been issued, and so on? For example, CPD is an ERC 20-token based on the Ethereum blockchain.
  • Think about your cross-chain strategy. In our ecosystem, the CPD token is available for ETH, TRX, BSC, SOL and DOT blockchains, which lets both companies and users use the token to swap within other ecosystems and wallets. The ‘bridge’ in this case is the network of smart contracts that becomes the guarantor of their execution by using tokens.
  • Formulate a distribution strategy and reserve a certain percentage of tokens for project creators and team members. Tokens retained in the project ecosystem are a proven motivation for every contributor.
  • Prepare a document and include technical details, financial aspects, legal terms and conditions and benefits offered to investors through the DeFi token or coin.
  • Actively promote the token through various media channels to increase its demand. Form a community of interested people, negotiate as openly as possible and talk about events before, during and after the IDO. One of the critical indicators of a project’s stability is the willingness of its authors from the first days to be as open and ready as possible for any type of dialogue.
  • After you activate and launch the token on the market, offer quick technical support to address questions that arise from users and investors.

Presently, CoinsPaid has either implemented the aforementioned steps or is in the process of doing so. Over the course of the project, we underwent a series of transformations that provided a deeper understanding of how the DeFi market works and what developers need to know when entering into this segment with a new product.

Here are the recommendations I would like to share.

  • The process needs to be decentralized, while sales and tools should be on smart contracts. An app that relies on third-party resources to store user assets cannot be called DeFi. Like listing on DEX, selling and distributing tokens is an entirely automated process that not even the organizer of the sale has control over – everything must be written into a smart contract.
  • The app must give users full control over the assets. Typically, the app secures transactions with self-executing smart contracts. Users must generate a private key, which they use to withdraw funds.
  • No intermediary should complete a transaction. Once executed, if a set of predefined rules are met, the smart contract runs autonomously to make a withdrawal at the customer’s request if the lockup and vesting conditions are met. This is why DeFi applications do not involve third parties or intermediaries in transactions.
  • Services in the app must be globally available. The very essence of DeFi is to provide access from anywhere in the world. Therefore, apps are designed to be global, and users should be able to access DeFi services and networks regardless of their location. In some cases, however, this may not be possible because of local laws.

Since we started CPD, we have tried to go our own way without making the same mistakes as others. It has allowed CoinsPaid to create a token that we can be proud of – but we will draw full-fledged conclusions after the IDO. I will tell you more about other stages of the project in my future articles.


Max Krupyshev, CEO of CoinsPaid
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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How Cryptocurrency Is Breaking Traditions – Three Examples


The emergence of cryptocurrency has changed a lot. The new financial instrument has become a serious competitor for traditional money. We suggest that you consider these three examples that prove digital assets can break traditions.

New investment trend

Back in 2015, news that a major company had invested part of its capital in Bitcoin (BTC) would have shocked the public. However, in 2021, such news would surprise no one.

Many corporations have already invested in digital assets. For example, in February 2021, Tesla bought $1.5 billion worth of Bitcoin, the world’s most capitalized cryptocurrency. Other large corporations in the blue-chip club have also become BTC investors, including MicroStrategy, MassMutual, Altshuler Shaham, Meitu, Nexon and MercadoLibre.

Many companies say they buy Bitcoin because they want to store their money in a digital asset. The logic can be explained as follows.

  • With the onset of the Covid-19 pandemic, the US began implementing a quantitative easing policy, with many other countries following suit. Consequently, large quantities of additional cash are being printed and poured into the economy, flooding the market with money. While this has had a stabilizing effect on the economy, the artificial increase in the money supply causes the currency’s value to fall.
  • The supply of Bitcoin is strictly limited – about 21 million BTC will be issued in total. The limitations on the issue of cryptocurrency have a positive effect on its value. The price of Bitcoin is also supported by halvings that cut the rate at which bitcoins can be mined in half. Such features support the growth of the value of the cryptocurrency by creating a rarity of supply.

The graph below shows the speed of Bitcoin mining.

Source: Blockchain.com

Thus, for many companies, Bitcoin has become not only a tool for making money, but also a way to preserve savings during a crisis.

Method of payment – version 2.0

With its growing popularity, cryptocurrencies have now securely made the list of payment methods that can be used to pay for goods and services with large companies. Here are a couple of examples of organizations that have begun accepting payment in digital assets.

  • Sotheby’s auction house – the first sale of goods for cryptocurrency on the platform was recorded in mid-May 2021. In an interview with CNBC, Sotheby’s CEO, Charles Stewart, said the popular Coinbase exchange had helped the auction house organize acceptance of payments in digital assets. Coinbase had become the first major crypto platform in the United States to go public with an IPO on April 14, 2021.
  • airBaltic – the airline started accepting payment in cryptocurrency in 2014. Unlike many organizations, airBaltic did not stop selling tickets for digital assets even during the crypto winter, when prices on the crypto market suffered a prolonged drop.

Many companies have found alternative ways to enter the digital asset market. For example, in mid-May 2021, eBay allowed users to trade non-exchangeable tokens (NFT).

Digitizing traditional money

Since the advent of cryptocurrencies, the authorities of many countries have attempted to fight the spread of this new financial instrument. The fact is, some digital assets, including Bitcoin, allow you to remain anonymous, and using them for transactions can be much cheaper than traditional bank transfers. These and other advantages have helped cryptocurrencies become a major competitor for traditional money.

The most striking example of digital assets triumphing over classic fiat was a situation in hyperinflation-stricken Venezuela. Given the rapid depreciation of the national currency and the inability of the government to correct the situation, Venezuelans began buying up cryptocurrencies.

In response, the government developed its own central bank digital currency (CBDC). Unfortunately, Venezuela’s ‘Petro’ did not take root among the people due to its dubious technical characteristics and security issues. However, the popularity of traditional cryptocurrencies continues to thrive there. This is indicated by the positive dynamics for Bitcoin being purchased with the national currency.

See the below graph regarding the volume of Bitcoin purchases for the national currency of Venezuela.

Source: Coin.dance

Meanwhile, so as not to repeat Venezuela’s mistake, other countries have begun creating digital versions of their own national currencies that are more technically advanced. As of early June 2021, a world map showing CBDC development looks like this.

Source: CoinMarketCap
How to make money off cryptocurrency while it’s breaking traditions

The interest of businesses and the authorities in digital assets can easily be converted into income through the purchase of cryptocurrencies. An example of a platform where you can quickly and profitably buy interesting coins to profit from is Alfacash.

Here, you’ll find tools for acquiring digital assets in various ways. In particular, Alfacash allows you to buy cryptocurrencies with bank cards. Tools for purchasing cryptocurrencies, low commissions, high transaction speeds and responsive customer service also make this platform stand out among its competitors.

Source: Alfacash
To sum up

Despite being a new financial instrument, cryptocurrency has managed to radically change the financial world. In 2021, digital assets have penetrated various industries – from business, to public administration. In the future, the influence of cryptocurrencies on the markets will likely continue to grow. You can potentially make money off these changes using platforms like Alfacash.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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How To Find the Best Instant Crypto Exchange


The finance market is gradually stepping into the digital ecosystem, with the community more concerned about the market trends and exchange rates of cryptocurrencies rather than fiat currencies. Since 2016, when cryptocurrency became more or less mainstream, there have been lots of crypto exchanges emerging every month – centralized and decentralized, hybrid exchanges. But the ones that are gaining momentum now are instant non-custodial crypto-to-crypto exchanges.

There are dozens of instant crypto exchange services across the Internet, and that’s the beauty of it. But at the same time, it might be challenging for the community – how to choose the best crypto exchange among them when the field is bursting with services, each of which has their own advantages and disadvantages.

Well, there seems to be a solution. It’s called a ‘crypto exchange aggregator’. It navigates you through the obscure crypto jungle and helps you find the best exchange rates, the safest exchange provider and exchanges with the lowest fees – all in the same interface.

Find the best crypto exchange rates

When you exchange digital currencies, you surely want to get the best deal to make the most of your trade. Therefore, crypto prices and exchange rates become one of the most pivotal factors in choosing an exchange – whether you want to exchange Bitcoin, Monero or any lesser-known altcoin. You can go to the most popular exchange and swap there, but you’ll probably have to deal with registrations and passing KYC/AML procedures, all while still being unsure of the outcome of your trade. You can also switch between countless exchanges and compare exchange rates manually, but how tedious is that?

So, how do you rule out the ordeal part of your experience? Use a crypto exchange aggregator like Swapzone. It lists all crypto offers on a single page, with a plethora of toggles for filtering and sorting. Eliminate the offers with excluded fees or sort deals by the best rate to see the best Bitcoin exchange rate at the top. Opt for fixed-rate offers if you want to receive the exact amount of crypto and shield yourself against unexpected market moves and the crypto’s volatility, or take a risk and go for the best floating rate. It’s up to you.

Find the lowest crypto exchange fees

Hardly anyone likes to pay fees, no matter which ones – fees for exchanging Bitcoin or converting DOGE or fees for parking – and cryptocurrency is partially meant to eliminate the need to pay those for value transfers. Surely, if you look into banking fees, the amounts you need to pay for simple transactions are much higher than a humble couple of bucks in the crypto universe. But it is still crucial to know they may be imposed in the first place. Exchange fees may vary depending on the following.

  • Currency – NANO, for example, has zero fees
  • Network – We all know about Ethereum and its gas fees, right?
  • Exchange provider – Some of them may exclude fees from provided rates so that they look more competitive

Therefore, if you want to exchange cryptocurrency with the lowest fees, beware of the offers with hidden ones to avoid losing money, since every paid dollar is one dollar less to invest, and investment opportunities are numerous. To do that, see if a cryptocurrency exchange aggregator has certain fee indicators to inform you whether fees are included or not. Swapzone surely shows those.

Find the safest crypto exchange provider

Safety and security are top priorities for many crypto users. Now, exchanging BTC to ETH or converting BTC to ADA instantly and conveniently is one thing but ensuring safety is another. Cryptocurrency exchange safety is something that gets questioned quite often, especially when it comes to large custodial platforms, where your funds can be managed by third parties without your permission.

Instant cryptocurrency exchanges, on the other hand, take it a step further by allowing customers to swap crypto without the lengthy registration process and the need to store coins and tokens on the platform itself. Crypto exchanges of this kind not only simplify the overall crypto management process but also make it more secure.

To ensure you conduct your due diligence, aggregators like Swapzone also provide information on crypto exchanges for you to know beforehand if they perform KYC procedures or have frequent mass system failures. After all, doing homework is something we cannot do without, even within the digital universe.

One can only marvel at how vast the crypto space is, but in the field full of platforms and tools the crypto community deserves a handy, progressive and transparent crypto exchange aggregator like Swapzone that offers crypto exchange alternatives by combining sources and compiling data, as well as ensuring convenience, validity and a common user flow for every single exchange. Guess what you have to do? Just swap.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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How DeFi Is Disrupting Our Financial Ecosystem – For Good


The cumulative sum of capital invested in decentralized finance (DeFi) applications and protocols has surpassed the $64 billion mark. Decentralized finance (DeFi) is now among one of the most exciting blockchain innovations in the past years, as innovative apps and platforms provide token investors with new ways to commercialize their crypto investments.

The drive has been so strong that the total value locked (TVL) in DeFi protocols has crossed the $64 billion mark, only missing the previous high set just a few weeks earlier. Nonetheless, because of the steep learning curve and heavy resource requirements, DeFi remains among the most challenging parts of the blockchain world for beginners.

Before the advent of DeFi, all financial transfers worldwide had to go through centralized custodial service companies, primarily banks and financial institutions. The presence of these entities was unavoidable due to the counterparty threat that happens when funds or other financial properties are being transferred. The presence of these entities was inevitable due to the counterparty threat that occurs when funds or other financial properties are being transferred.

The rise of ImpulseVen – how DeFi is eating financial institutions

ImpulseVen is an all-in-one DeFi ecosystem that includes a variety of DeFi solutions. The project is on a quest to render DeFi technologies available to all by providing an accessible platform with the finest degree of transparency, stability and performance. It is developed on the Ethereum blockchain and operated by the ERC20 VEN token. It also makes financial transfers easier by eliminating the need for costly market intermediaries and third-party facilitators.

While this process remains important, the growing usage of cryptocurrency, together with their underlying blockchain and smart contracts, allows the power to execute trustless transactions, allowing legacy schemes something of a choice rather than a necessity. DeFi solutions like ImpulseVen embody the benefits offered by blockchain and shared ledger technologies.

As a result, trustless systems are being widely adopted to perform perhaps the most complicated transactions without the use of middlemen or the possibility of being kept hostage by a third-party entity. The dangers of involving a third party involved in trades are not exclusive to conventional finance – centralized markets and trading networks have also become prominent in the crypto industry.

ImpulseVen is a DeFi solution based on the Ethereum specification, which has proven to be reliable. It is operated by VEN, a native ERC20 token that is essential to the ImpulseVen ecosystem’s business operations. The ImpulseVen ecosystem’s goods and services are built on a solid basis provided by its open sharing network.

A deep dive into ImpulseVen DEX

The ImpulseVen DEX uses smart contracts to enable non-custodial, cross-chain, peer-to-peer transfers – a feature that is at the heart of all DeFi apps, including the seven services available on ImpulseVen. The ImpulseVen DEX is a fourth-generation economic network with an integrated order book architecture that supports options and other types of trading.

On ImpulseVen, users may trade cryptocurrencies. DEX is regulated by a smart contract that acts as an escrow, completing each trade only after all counterparty risk conditions have been met. It allows users to stake their tokens and have liquidity, and gain the compounding benefit in terms of interest or staking incentives, which is a characteristic of investing opportunity inside a DeFi ecosystem.

By democratization of trade, the ImpulseVen DEX is intended to be a continuously expanding forum. Users may be able to connect new crypto asset derivative pairs to the network, and depending on group interest, this pair may become a perpetual product.

The use of trade execution coordinators (TEC) improves flexibility by applying price-time priority for all order executions, reducing collisions and front-running risk. To make trading more versatile, maintain liquidity, control minimal spread and lower fees, the TECs incorporate the best order matching and open order book relayer models.

Decentralized recurring billing – a new addition to DeFi features

Decentralized recurring billing, a fairly recent technology, is a valuable introduction to the list of DeFi options as further and more companies begin to embrace crypto payments. With the aid of smart contracts, users may instantly move a set sum of cryptocurrencies from one wallet to another at frequent intervals. Decentralized recurring billing is suitable for handling product and service subscriptions. It may also be used to handle investment portfolios that contain crypto SIPs (systematic investment plans), revolving deposits and other types of investments.

The ImpulseVen decentralized recurring billing solution uses a modular smart contract to effectively handle payment delivery and bill processing depending on the digital signature complexities of different accounts. This function can be extremely useful, especially when using stablecoins. They have a low level of instability, allowing consumers to automate a task without fear of service interruption due to non-payment of dues.

ImpulseVen is creating the infrastructure for future DeFi powerhouses, which will democratize our economic society and provide equal opportunities to investors. The network is based on the principle of constant innovation focusing on research and development related to smart contracts, decentralized lending and exchanges. As the world is warming up to crypto, the ImpulseVen DeFi ecosystem will be at the heart of the technological change that puts control back in the hands of the community.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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The Crypto Card With Everyday Purchasing Power That Gives You Full Control Over Your Assets


No doubt, cryptocurrency has become synonymous with financial freedom and confidentiality. But when it comes to everyday payments and using crypto daily, holders lack the tools and services that allow them to pay bills with digital assets. In the market, there are plenty of physical bank cards that can be topped up with cryptocurrencies but only a few preserve the key advantage of cryptocurrencies full control by the owner.

When it all started

Now it is hardly possible to find someone who is unfamiliar with bank cards. But the story of bank cards started not so long ago. In the mid-twentieth century, the first credit card that allowed holders to pay without checks or cash was invented in the US. The predecessor of Visa and Mastercard, Diners Club, was first issued in 1950. Before its invention, each organization opened a line of credit to its customers.

With Diners Club, card holders could pay for bills at restaurants or hotels that became members of the network. The value for the business was apparent – credit risks were transferred from merchants to “emitent,” a company that issued a card.

In a few years, Bank of America picked up the idea and issued the first consumer credit card BankАmericard. This convenient tool soon gained popularity. After 18 years, the payment system BankAmericard, which united banks and organizations all around the world, was rebranded as Visa. Now Visa is a market leader in the number of transactions, supporting over three billion cards and almost 17,000 financial organizations.

Then comes the crypto world

It took hundreds of years to invent a bank card in the world of fiat money. Thanks to the high level of current technical development in the world of crypto, it took only a few years after the invention of the first cryptocurrency, Bitcoin, to do the same. Like bank cards, the first physical prepaid crypto card appeared in the US. BitPay was a pioneer. In 2016, they issued their debit card that was charged up with bitcoins which allowed holders to pay at POS-terminals or withdraw fiat at ATMs after instant conversion at a market exchange rate.

Other services followed BitPay and issued their cards. To date, they still share similar approaches, offering debit cards without credit lines or overdraft that are charged with cryptocurrencies. These are converted to fiat, most commonly, to the US dollar or euro.

Although at first glance, it seems that crypto cards should have pushed the mass adoption of cryptocurrency for everyday payments but that did not happen. This is largely due to the fact that, until recently, many emitents force users to charge up card accounts through other accounts on their platforms. For example, a BitPay card user has to first open an account on the BitPay webpage, transfer their money and then charge up their card. This approach of allowing a user to charge their card only after replenishing a company-hosted account is used by the majority of services that issue crypto cards.

This requirement took away crypto’s key advantage – full control over funds. Obviously, when money is transferred to a bank, it is no longer your money. It belongs to a bank – a client gets only an obligation from the bank to pay the sum at the request of the client. The consequences of this approach were felt firsthand by clients of some high-profile banks during the financial crisis of 2008-2009, which led to the invention of the first-ever independent digital currency, Bitcoin.

Why choose a crypto card by TTM Bank

A new approach to charging up prepaid cards was introduced by the virtual bank TTM. In 2020, TTM Bank, which is registered in Estonia, started to issue crypto cards that can be charged up with cryptocurrencies and used at shops, restaurants and online platforms. The TTM Bank cards can be used anywhere Visa cards are accepted. It became possible thanks to the partnership with the financial services operator UAB Walletto, a Lithuanian-registered company that is a member of the Visa payment network.

The key difference of TTM Bank cards, in comparison with previously existing financial products, is that its holders do not need to store their digital assets on a third-party wallet. The card account can be charged up directly from a crypto wallet selected by a user – so there is no need to transfer money first to any account in order to later charge up a card account. Thus, TTM Bank crypto card users keep control over their assets because they do not need to transfer their crypto for storage to another service.

TTM Bank cards can be charged up with five digital assets – BTC, ETH, USDT, BNB and TRX – or via a traditional bank card that operates with fiat. Upon deposit, funds are instantly converted to euros.

Final verdict

As highlighted by TTM Bank CEO Vladislav Utushkin, the TTM crypto card is suited best not for storage but for daily purchases – for paying bills at cafes or restaurants, booking flights or purchasing goods in online or offline stores.

The TTM Bank card can be issued both as a virtual and as a plastic card. The issuance of the virtual card costs €20. Another key difference of the TTM crypto cards is that it serves a broad range of countries, allowing residents to order a card. It is available almost all over the whole world with a few exceptions. To receive a TTM Bank crypto card, a user can follow a simple registration procedure, confirm the email and fill in the profile (name, surname, address of residence and citizenship).

TTM Bank crypto card holders can also withdraw fiat money at ATMs. The withdrawal fee is just €1,5+2%.

Despite the fact that it has been less than a year since the project’s launch, the number of TTM Bank crypto card users already exceeds 40,000. Surely, this indicates high demand for financial products that can keep the fundamental advantage of cryptocurrencies intact – full control over funds exercised by their owner, not a middleman.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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Online Gambling Guide: How it Works

The text below is an advertorial article that was not written by Cryptonews.com journalists. The casino industry has come a long way since the day it was founded several centuries ago. It has been at the forefront of adopting some of the best technology trends to make it one of the most afterthought sectors. Some of the changes witnessed in the past include the adoption of digital transaction

How is XRP Lawsuit Now and Where Can I Trade XRP?

The text below is an advertorial article that was not written by Cryptonews.com journalists. XRP, a cryptocurrency that is primarily built for transactions, which can be purchased on crypto exchanges. XRP derives from Ripple, a payments platform designed for the rapid settlement of transactions and affordable cross-border remittances, which aims to supplement and redefine the current financial

Crypto.org Chain Mainnet Is Live: 20% PA Staking Rewards With Strong Product Roadmap


Leading international cryptocurrency trading hub Crypto.com has launched its Crypto.org Chain mainnet with Crypto.org Coin (CRO) as its native currency on March 25, 2021. This is great news for CRO holders, who can now stake CRO tokens on-chain and earn up to 20% PA.
What is Crypto.org Chain

Crypto.org Chain is designed to be a fully decentralized, open-source, public blockchain with high throughput and low transaction fees, which makes it a popular option for payments, DeFi, and non-fungible tokens (NFTs) applications. The network was created following more than two years of research and development, two testnets (Thaler and Croeseid), and receiving over 3,000 validator applications globally during the Crossfire mainnet dry run, which processed more than 275 million transactions in just four weeks. The chain uses the delegated proof-of-stake consensus algorithm, and CRO tokens can be staked via Crypto.com’s DeFi wallet. There are no minimum staking requirements.

The mainnet launch follows the recent announcement of the 70 billion CRO token burn to pursue the maximum decentralization of the network. The ~20% PA staking rewards will be distributed to validators who delegate their CRO to validators via the DeFi wallet to secure the network and participate in consensus. A grand total of 500M CRO in yearly rewards are expected to be distributed, and 5 billion CRO tokens have been allocated as validator rewards for the next 10 years.

Download the Crypto.com DeFi wallet and earn 20% PA now!

Crypto.org Chain security and compliance

Crypto.org Chain has partnered with Chainalysis and is leveraging Chainalysis’s industry-leading compliance and risk management software designed to monitor and investigate cybercriminal activity on blockchains.

Chainalysis will support the integration of the CRO token on Crypto.org Chain. In particular, Crypto.org Chain will utilize Chainalysis KYT (know your transaction) software to reduce manual compliance workflows, further complying with both local and global regulations.

Five major releases in the Crypto.org Chain roadmap
Phase 1 – Canis Major

NFTs

  • On-chain NFT support
Phase 2 – Draco II

Coin issuance and Ethereum virtual machine

  • Native coin issuance
  • Interact with side chain and execute ETH-based smart contracts
Phase 3 – Tucana III

Decentralized exchange with automated market making

  • Native AMM protocol based on Uniswap model, with improvements
Phase 4 – Hydrus I

Smart contract

  • On-chain smart contract with CosmWasm, an engine that supports multiple programming languages
  • Enabling many DApps and DeFi products
Phase 5 – Carina III

Decentralized finance and oracles

  • Bridge with oracle protocols, such as Chainlink and Band protocol, to empower smart contracts

For more information, please visit here.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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Minereum Launches Bazarswap OTC DEX With a 6 ETH Promo

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The world’s first self-mining smart contract, Minereum, has just launched the first over-the-counter (OTC) decentralized cryptocurrency exchange for ERC20 tokens called Bazarswap. Aside from the lack of intermediaries, the new exchange also offers advantages such as zero exchange fees in the foreseeable

From Credit Card to Bitcoin Through a Payment Gateway – A Complete Guide


The number of cryptocurrency users continues to grow. This is shown in the positive dynamics of many metrics – for example, in the growth of the number of active wallets in the network of the biggest digital currency by capitalization, Bitcoin (BTC).

At a time of increasing interest in cryptocurrencies, businesses face a challenge: accepting virtual coins for payments. Despite the clear need to pursue change, many companies are still ignoring new financial instruments.

Why should a business consider accepting cryptocurrencies? What crypto processing services deserve attention? And how does one swiftly move beyond traditional bank transfers and start operating with digital assets?

Why should businesses accept cryptocurrencies?

One way to stimulate the acceptance of cryptocurrency payments for business is to expand the user base by attracting crypto community members. In the current environment of 2021, many users are consciously dropping traditional money in favor of digital coins, and there are several reasons for this. One of these reasons is a desire to secure assets from devaluation.

During the Covid-19 pandemic, the world has been locked in a financial crisis. To combat it, the regulators of many countries, including the US, have opted for a quantitative easing policy that involves injecting newly printed traditional money into the economy. The artificial increase of fiat in circulation might negatively affect its value. As a result, people with such assets might face devaluation due to government decisions.

Interesting fact – amid Covid-19, cryptocurrencies have gained the greatest popularity in Nigeria. According to Statista, around one-third of the country’s population has already used digital assets to execute transactions, or hold an account with virtual coins.

Source: Statista

With Bitcoin and other similar cryptocurrencies, the number of coins that can ever be in circulation is limited by an algorithm. No one can artificially inject new coins into circulation. In addition to a limited supply, many cryptocurrencies also have instruments for inflation control that are embedded in the code within the cryptocurrency. For example, the Bitcoin network regulates the issuance rate of new coins.

As the cryptocurrency market grows, BTC gains new buyers. The benefits of this digital asset over fiat is that it attracts big companies, such as Tesla, among others. Given the limited number and the decrease in the supply of coins in the market, the value of BTC has gone up. This is shown in the positive dynamics of the number of BTC that are not moving, as long-term investors buy cryptocurrency and only exit after a long continuous growth in its value. See below for a graph that illustrates by years the changes in the number of bitcoins with no movement.

Source: GlassNode

The growth in value of cryptocurrencies and the number of users are not the only reasons why a business should consider accepting digital assets for payments. Other benefits include the following.

  • Executing transactions in cryptocurrencies is cheaper than in traditional money. The cost savings could be directed toward business development.
  • A cryptocurrency account cannot be blocked. A company that works with digital assets can forget about any transfer issues like blocked transactions.
  • The instruments used to accept cryptocurrencies help a company be ready for the next evolutionary phases of the financial market. Many countries, like the US and China, are developing digital versions of their national currencies (CBDC). In the future, the market will see digital dollars, digital yuan and other digital versions of fiat currencies. The presence of instruments for accepting payments in cryptocurrencies provides a company with an opportunity to start working with CBDC swiftly.
How to configure crypto processing in two steps

Companies usually spend most of their efforts trying to choose the right processing service and configuring their instruments in an attempt to accept cryptocurrencies. Let’s explore these two steps in detail.

Choosing a processing service

CryptoProcessing by CoinsPaid offers several competitive advantages.

  • Aside from being a crypto processing service, CryptoProcessing by CoinsPaid also has its own ecosystem of products – a crypto exchange, an OTC platform and a hot wallet system. This means that CoinsPaid’s clients do not need to seek add-ons from third-party providers. This approach saves users time and money.
  • CryptoProcessing by CoinsPaid provides every client with a personal manager. The expert’s goal is to help a company integrate all necessary instruments and swiftly start accepting payments in cryptocurrencies.
  • CryptoProcessing by CoinsPaid offers technical solutions for integrating different types of payments. For example, shops with fixed prices might find that payments by invoice are the most suitable option. For platforms that need tools for accepting payments with no upper limits, CryptoProcessing by CoinsPaid offers asynchronous deposits. This type of payment might be suitable, for example, for telecom and internet providers. By using the asynchronous process on deposits, clients of such platforms can pay a sum of their choice.

Among other advantages that CryptoProcessing by CoinsPaid has to offer, there are favorable rates and a high level of security. The platforms passed the security check by Kaspersky Lab, a more advanced version of the popular Service Organization Control 2 (SOC2) audit procedure.

Integrating instruments

The majority of crypto processing services leave their clients to explore the process of integrating cryptocurrency acceptance instruments into their platforms by themselves. With CryptoProcessing by CoinsPaid, the integration process will at all stages be assisted by a personal client manager.

Summary

Integrating crypto payments has become a business necessity. It helps grow the customer base and cut costs on commissions. But apart from that, crypto processing solutions prepare companies for new financial instruments, including CBDC.

There are many crypto payment gateways in the market that can help companies swiftly transfer from bank cards to cryptocurrencies. Unfortunately, the majority of such platforms have drawbacks. That being said, there are also worthy companies such as CryptoProcessing by CoinsPaid.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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The post From Credit Card to Bitcoin Through a Payment Gateway – A Complete Guide appeared first on The Daily Hodl.

Cryptocurrencies Could be the Future of the Gambling industry

The text below is an advertorial article that was not written by Cryptonews.com journalists. As the value of Bitcoin rises, more people are starting to look into its use. Big businesses are also starting to see the worth of cryptocurrencies as many of them are starting to allow coin transactions with their customers. Gambling businesses are no different. Many reputable and popular casino sites

Degen Protocol (DGN) Gets Listed on Nomics

The text below is an advertorial article that was not written by Cryptonews.com journalists. The crypto industry advancements have significantly speeded up, particularly over the last year. Adoption levels are massive, prices are skyrocketing, and the DeFi sector is currently back at its highest levels. Speaking of DeFi, the sector has also seen a lot of innovation, and it recently finally got

This NFT Will Sell Out SOON!

The text below is an advertorial article that was not written by Cryptonews.com journalists. Crypto Buds has released a completely original, inaugural collection of 10,000 NFT digital playing cards for sale to the general public. At the time of writing this, 1753 tokens have been sold and only 247 remain before the next price increase...so definitely act now and get yours ASAP at

Uniqly: The Game Changer of the NFT World

The text below is an advertorial article that was not written by Cryptonews.com journalists. Everyone familiar with the crypto world is already aware of the current demand of a particular niche in the ever-growing market of digital goods: NFT products. In particular, NFT art has seen some major recognition both from our netizens and from major institutional outlets. Digital art is on the rise,

The CLEVER Fight: Bulls VS Bears

The text below is an advertorial article that was not written by Cryptonews.com journalists. The launch of the Clever DeFi native token CLVA has been received with excitement by the crypto community, with the price mooning subsequently. Like any token in the crypto space, the bears had begun to pull back its price in recent days. However, after the bears pushed back the price, they were not

CoinPoker: CHP Tokens Now on Uniswap!

The text below is an advertorial article that was not written by Cryptonews.com journalists. CoinPoker, one of the best-known cryptocurrency online poker sites, now offers their native CHP tokens through Uniswap, one of the biggest Ethereum-based decentralized cryptocurrency exchanges. Not only is this in line with CoinPoker’s privacy-centric and decentralization-based policy, security, and all

Another Successful Partnership Agreement From Bitci Technology

Bitci Technology has signed an agreement with McLaren Racing, one of the most successful teams in Formula 1’s history, in a bid to develop blockchain technologies. In accordance with the collaboration, Bitci Technology will put a special token project into practice for the McLaren Formula 1 Team. With the agreement in question, the native blockchain developed by Turkish engineers will be used for the first time in the Formula 1 organization.

Bitci Technology, which has managed to export Turkish blockchain abroad owing to the agreements it has signed with Glasgow Rangers and Real Betis, one of the most outstanding clubs of European football, will now represent our country in Formula 1. Formula 1 is one of the most-watched sports events in the world.  Based in the UK, McLaren Racing, which has won 12 driver world championships and eight world championships as a  team since their first race in 1966, has recently chosen Bitci Technology to develop blockchain technologies.

TURKISH BLOCKCHAIN ​​WILL APPEAR IN FORMULA 1

In tandem with the agreement, Bitci Technology will put a special token project into effect for the McLaren Formula 1 Team. The token project in question will work on Bitci Chain, Turkey’s first native blockchain platform developed by Turkish engineers and software developers within Bitci Technology. The details concerning the token project will be announced in the following months.

BİTCİ.COM LOGO WILL APPEAR ON RACE CARS AND HELMETS

Following the agreement that will be valid for multi-year, Bitci.com’s logo will appear on the McLaren F1 Team MCL35M race cars and on the drivers’ helmets.  Hence, for the first time, a Turkish company will participate in the Formula 1 organization in this field.

GREAT SOURCE OF PRIDE FOR THE TURKISH TECHNOLOGY INDUSTRY

Commenting on the issue, Bitci Technology chairman of the board, Çağdaş Çağlar, stated that they are very proud and happy to be taking the lead in such an agreement and said that, “Formula 1 is among the most acclaimed and watched sports organizations in the world. The fact that McLaren Racing, one of the most outstanding teams of this organization and considered as one of the legends of Formula 1 all over the world with its successes, has chosen to corporate with a Turkish blockchain company for this project is very significant as this is the solid proof for the global success of Turkish entrepreneurs, engineers and software developers.

SPORTS ORGANIZATION WITH THE MOST INTENSIVE USE OF TECHNOLOGY

Mr. Çağdaş has stated that ”the areas of usage of blockchain are expanding day by day and this technology will open up much wider horizons. For all institutions, especially sports clubs. Mr. Çağdaş also added that Formula 1 is undoubtedly the leading organization where innovation, research & development are used more than any other event in the world. In an organization where new technologies are at the forefront, we, as Bitci, will stand by with our technological infrastructure, which we trust very much and enable our business partner McLaren Racing to achieve even greater success.”

Mark Waller, Chief Commercial Officer, McLaren Racing, said:

“We are delighted to announce bitci.com as an official partner of our McLaren F1 team. This long-term partnership with the brand and our introduction of a fan token will be the first of its kind in this sport. We look forward to working with Bitci.com and seeing the brand for the first time on the MCL35M at the start of the 2021 Formula 1 season in Bahrain this weekend.”