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Showing posts with label Token. Show all posts
Showing posts with label Token. Show all posts
Friday, October 3, 2025
Tuesday, October 24, 2023
Crypto Staking With USDT - BFCeXchange
Crypto staking with USDT (Tether) typically involves using platforms that offer staking services for this stablecoin. Here's a general step-by-step guide on how to stake USDT:
1. Choose a Staking Platform: Select a reputable cryptocurrency staking platform that supports USDT staking. It's essential to research and compare platforms to find one that offers competitive staking rewards, security, and a user-friendly interface. My suggest is www.BFCeXchange.co
2. Create an Account: Sign up and create an account on the chosen staking platform. Ensure that you follow the platform's registration process, including identity verification if required.
3. Deposit USDT: Transfer your USDT to your staking platform's wallet. This is usually done by depositing USDT from your existing cryptocurrency wallet to your staking platform's USDT wallet.
4. Choose Staking Option: Explore the staking options provided by the platform. Some platforms offer various staking durations, so you can choose between short-term and long-term staking, depending on your investment goals.
5. Initiate the Staking Process: Select the amount of USDT you want to stake and confirm your staking duration. Once you confirm the staking parameters, the platform will lock your USDT for the specified period.
6. Start Earning Rewards: Once your USDT is staked, you'll start earning staking rewards. These rewards are typically paid out periodically, such as hourly, daily, weekly, or monthly, depending on the platform's terms.
7. Monitor Your Staking: Keep an eye on your staking portfolio. Most platforms provide dashboards or interfaces that allow you to monitor your staked assets, track your rewards, and check the overall performance of your staking investment.
8. Withdraw Staked USDT: At the end of the staking period, or at any time you decide to stop staking, you can initiate the withdrawal process to access your staked USDT and earned rewards. Withdrawal times and fees may vary between platforms.
9. Secure Your Assets: Ensure you use best practices for cryptocurrency security. This includes enabling two-factor authentication (2FA), using hardware wallets if available, and keeping your login credentials and recovery phrases safe.
10. Tax Considerations: Be aware of the tax implications of staking in your jurisdiction. Some countries tax cryptocurrency rewards differently, so it's advisable to consult with a tax professional to understand your obligations.
It's crucial to choose a reliable and well-regarded staking platform to minimize risks. My suggest is BFCeXchange. Additionally, always read and understand the platform's terms and conditions, especially those related to staking rewards, withdrawal processes, and fees.
Please note that staking often involves some level of risk, and returns can vary based on market conditions and the specific staking platform.
1. Choose a Staking Platform: Select a reputable cryptocurrency staking platform that supports USDT staking. It's essential to research and compare platforms to find one that offers competitive staking rewards, security, and a user-friendly interface. My suggest is www.BFCeXchange.co
2. Create an Account: Sign up and create an account on the chosen staking platform. Ensure that you follow the platform's registration process, including identity verification if required.
3. Deposit USDT: Transfer your USDT to your staking platform's wallet. This is usually done by depositing USDT from your existing cryptocurrency wallet to your staking platform's USDT wallet.
4. Choose Staking Option: Explore the staking options provided by the platform. Some platforms offer various staking durations, so you can choose between short-term and long-term staking, depending on your investment goals.
5. Initiate the Staking Process: Select the amount of USDT you want to stake and confirm your staking duration. Once you confirm the staking parameters, the platform will lock your USDT for the specified period.
6. Start Earning Rewards: Once your USDT is staked, you'll start earning staking rewards. These rewards are typically paid out periodically, such as hourly, daily, weekly, or monthly, depending on the platform's terms.
7. Monitor Your Staking: Keep an eye on your staking portfolio. Most platforms provide dashboards or interfaces that allow you to monitor your staked assets, track your rewards, and check the overall performance of your staking investment.
8. Withdraw Staked USDT: At the end of the staking period, or at any time you decide to stop staking, you can initiate the withdrawal process to access your staked USDT and earned rewards. Withdrawal times and fees may vary between platforms.
9. Secure Your Assets: Ensure you use best practices for cryptocurrency security. This includes enabling two-factor authentication (2FA), using hardware wallets if available, and keeping your login credentials and recovery phrases safe.
10. Tax Considerations: Be aware of the tax implications of staking in your jurisdiction. Some countries tax cryptocurrency rewards differently, so it's advisable to consult with a tax professional to understand your obligations.
It's crucial to choose a reliable and well-regarded staking platform to minimize risks. My suggest is BFCeXchange. Additionally, always read and understand the platform's terms and conditions, especially those related to staking rewards, withdrawal processes, and fees.
Please note that staking often involves some level of risk, and returns can vary based on market conditions and the specific staking platform.
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| BFCeXchange.co |
Saturday, January 4, 2020
HEDG Cryptocurrency Token — Thought for Your Penny
HedgeTrade (HEDG) is an Ethereum-based platform targeted at the best cryptocurrency traders. It enables experienced traders to create trading predictions, called “blueprints,” in Ethereum smart contracts. Less experienced users can stake lesser amounts (equal to 10% of the initial blueprint stake) to support a trader’s blueprints.
This prediction platform is nothing new — Augur (REP), for example, is a similar prediction platform on Ethereum — but it did break into the top 100 cryptocurrencies on CoinMarketCap within its first year. The launch of its closed, invite-only beta propelled it into the spotlight in 2019, and it has a lot of buzz going into 2020.
HedgeTrade also supports hedging, a common risk management strategy to insure against investment losses. Hedging, through derivatives, futures, and shorting, doesnt’ fully negate the consequences of a negative market, but it can be used to make up for losses. This is a great benefit for cryptocurrency traders who have seen volatile Bitcoin (BTC) pricing range from $3,000 to $18,000 in value over the past two years. These wild fluctuations are among the principle hurdles stopping the widespread adoption of crypto as currency and investment vehicles.
Financial advisors working for big investment firms still won’t recomend cryptocurrency as an investment. This keeps a high bar raised, and HedgeTrade hopes to get newbie investors over that bar to become more comfortable with trading. The platform supports three crypto exchange markets so far (Bitstamp, Bittrex, and Coinbase) and allows predictions on a variety of trading pairs across them, including BTC, LTC, ETH, and XRP to USD, EUR, and GBP.
It also helps experienced traders open a revenue opportunity by convincing users to follow them in HedgeTrade. Social platforms like Telegram, Twitter, YouTube, and Discord are great for building a crypto community. Monetizing those channels, however, is difficult in the current regulatory climate. The deluge of fraud crypto projects makes it hard for even legitimate business to advertise on channels like Facebook, so HedgeTrade gives crypto influencers the same opportunities influencers in other industries have.
This is just the start — the platform is still in closed beta, and the team hopes to expand the feature set throughout 2020 and 2021. Let’s examine their chances of success by starting with an analysis of the cryptocurrency market performance of HEDG, HedgeTrade’s proprietary ERC-20 cryptocurrency token.
The total supply of HEDG is 1,000,000,000 HEDG, according to CoinMarketCap, the industry-leading cryptocurrency price tracking tool. This is a fixed supply, and the peak price so far was $1.82 on December 29, 2019. It began tracking on January 3, 2019.
No ICO was held for HedgeTrade. Instead, the project raised funding through private capital. The current circulating supply of ~290,000,000 HEDG will be increased by the time the project hits its full release. As it stands, the project’s developers hold over 70% of the token supply, making them very rich, should HEDG become ubiquitous and easily tradeable among crypto markets.
HEDG may be purchased with BTC, and it’s used to create and purchase blueprints. When a blueprint is created, the user determines how much HEDG to stake to create the contract. Users can then purchase the blueprint for 1/10 the staking price to essentially put money on whether you believe the blueprint will succeed.
If an investment prediction is correct, HEDG dividends are paid by the HedgeTrade platform to both the blueprint creator and purchasers. If the prediction is incorrect, the first seven blueprint purchasers receive a refund paid by the blueprint creator. This ensures a trust-based system where blueprint creators are held accountable for making bad predictions.
The more often you’re correct with predictions, the higher your trust rating will go, and, when the platform is fully completed, the higher you’ll rank on the leaderboard.
Nearly $1 million worth of HEDG is traded on a daily basis, and the tokens are tradeable on CoinTiger, STEX, Bittrex, HitBTC, and Livecoin. HEDG trading pairs include BTC and ETH.
As an ERC-20 token, HEDG may be stored on any ERC20-compatible cryptocurrency wallet, including Coinbase Wallet, Trezor, and Ledger.
Cryptocurrency is a major business entering the 2020s, but it’s still not fully accepted by the mainstream. This is because the industry has been ravaged by accusations of price manipulation, phony pyramid schemes, and unlicensed companies avoiding financial accountability. It doesn’t help that wild and rapid price fluctuations plague the industry. HedgeTrade hopes to bring trust back to crypto trading, while giving successful traders a road to audience monetization.
The project is based in Singapore and Canada and was created by Rublix. I spoke with Rublix CEO and Co-Founder David Waslen and Developer & Project Manager Rhys Boulanger about the project, and they have high hopes for its development. The team consists of a well-rounded background that includes finance, investment, and digital marketing.
Blueprints are at the heart of the platform, so let’s discuss the layout and payouts.
A blueprint can be created by setting an entry and exit price. A chart is shown within the dApp showing historical price, and you can set blueprints to cover both a profit or loss. For example, if the price of BTC to USD is currently $8,000, and you think it’ll go down to $4,000, you can create a blueprint to short the price for $4,000. A the same time, if you believe it’ll jump to $12,000, you can set that exit point. Either way, the profit of $4,000 is a 50% profit over the starting price of $8,000.
When creating a blueprint, you choose a timeframe. For the purposes of this review, I was given 200 HEDG to bet and, after safely storing 100 HEDGE off the platform, I mostly bought other’s blueprints to get an idea of how the platform’s investors were doing. Because it’s an early closed beta, there are only about 500 users right now, and they have a mostly decent grasp on the market. I had about a 50% success rate by choosing random blueprints with none of the due dilligence I would’ve performed if using my own money.
On the blueprint market, the trading pairs and profit margins are the only parts you can see. You won’t see the entry or exit points until you purchase the blueprint, so you won’t know if your 50% profit is a bet on the price going up or down. This means you have to essentially trust the investor you’re backing, although as a backer, your stake is hedged either way.
If the entry and exit point are proven correct, HedgeTrade charges a 50% commission fee against the total amount spent on the blueprint. The remaining amount is paid to the blueprint creator. If the entry point is correct, but the exit point never hits, the payouts are reversed, and the blueprint buyers receive the profits, minus the HedgeTrade commission. In the event the entry point is never hit, or nobody purchases the blueprint, a 5% commission fee is refunded to the creator.
In future iterations, the company plans to further gamify the userbase through a multi-level marketing referral program and leader boards showing the top traders. Lower-ranking traders with incorrect predictions find themselves shuffled to the bottom to create more overall trust in the platform. The team also hopes to expand the underlying prediction market model to traditional investment tools, like stocks, along with gambling and sports betting platforms.
HedgeTrade (HEDG) is a cryptocurrency investment platform built on the Ethereum blockchain. Over a dozen trading pairs are currently supported, including BTC, ETH, and LTC on the crypto side and USD, GBP, and EUR on the fiat side. The platform is currently in closed beta, and it reached into the top 50 cryptocurrencies by market cap within a year of its inception. HedgeTrade’s success relies on these key factors:
HEDG is an ERC-20 token on the Ethereum blockchain. It’s easily storable on ERC20-compatible wallets, and this will make it easier to exchange with other tokens across OTC platforms that support Ethereum.
HedgeTrade lets users deposit BTC to create HEDG, which is staked in a smart-contract “Blueprint” predicting the start/end value of a pre-defined market in a set period of time.
The Blueprint Market gives experienced traders a source of revenue generation, while inexperienced traders can piggyback on trading strategies of the pros. With these pieces in place, HedgeTrade already has the attention of the crypto community. It’s ending 2019 with healthy gains that already insure anyone involved against a declining market overall. If it delivers on its proposed expansion plans and attracts enough users (a feat that has thus far eluded even the most successful crypto dApps), this is a smart bet to diversify your crypto holdings.
This prediction platform is nothing new — Augur (REP), for example, is a similar prediction platform on Ethereum — but it did break into the top 100 cryptocurrencies on CoinMarketCap within its first year. The launch of its closed, invite-only beta propelled it into the spotlight in 2019, and it has a lot of buzz going into 2020.
HedgeTrade also supports hedging, a common risk management strategy to insure against investment losses. Hedging, through derivatives, futures, and shorting, doesnt’ fully negate the consequences of a negative market, but it can be used to make up for losses. This is a great benefit for cryptocurrency traders who have seen volatile Bitcoin (BTC) pricing range from $3,000 to $18,000 in value over the past two years. These wild fluctuations are among the principle hurdles stopping the widespread adoption of crypto as currency and investment vehicles.
Financial advisors working for big investment firms still won’t recomend cryptocurrency as an investment. This keeps a high bar raised, and HedgeTrade hopes to get newbie investors over that bar to become more comfortable with trading. The platform supports three crypto exchange markets so far (Bitstamp, Bittrex, and Coinbase) and allows predictions on a variety of trading pairs across them, including BTC, LTC, ETH, and XRP to USD, EUR, and GBP.
It also helps experienced traders open a revenue opportunity by convincing users to follow them in HedgeTrade. Social platforms like Telegram, Twitter, YouTube, and Discord are great for building a crypto community. Monetizing those channels, however, is difficult in the current regulatory climate. The deluge of fraud crypto projects makes it hard for even legitimate business to advertise on channels like Facebook, so HedgeTrade gives crypto influencers the same opportunities influencers in other industries have.
This is just the start — the platform is still in closed beta, and the team hopes to expand the feature set throughout 2020 and 2021. Let’s examine their chances of success by starting with an analysis of the cryptocurrency market performance of HEDG, HedgeTrade’s proprietary ERC-20 cryptocurrency token.
The total supply of HEDG is 1,000,000,000 HEDG, according to CoinMarketCap, the industry-leading cryptocurrency price tracking tool. This is a fixed supply, and the peak price so far was $1.82 on December 29, 2019. It began tracking on January 3, 2019.
No ICO was held for HedgeTrade. Instead, the project raised funding through private capital. The current circulating supply of ~290,000,000 HEDG will be increased by the time the project hits its full release. As it stands, the project’s developers hold over 70% of the token supply, making them very rich, should HEDG become ubiquitous and easily tradeable among crypto markets.
HEDG may be purchased with BTC, and it’s used to create and purchase blueprints. When a blueprint is created, the user determines how much HEDG to stake to create the contract. Users can then purchase the blueprint for 1/10 the staking price to essentially put money on whether you believe the blueprint will succeed.
If an investment prediction is correct, HEDG dividends are paid by the HedgeTrade platform to both the blueprint creator and purchasers. If the prediction is incorrect, the first seven blueprint purchasers receive a refund paid by the blueprint creator. This ensures a trust-based system where blueprint creators are held accountable for making bad predictions.
The more often you’re correct with predictions, the higher your trust rating will go, and, when the platform is fully completed, the higher you’ll rank on the leaderboard.
Nearly $1 million worth of HEDG is traded on a daily basis, and the tokens are tradeable on CoinTiger, STEX, Bittrex, HitBTC, and Livecoin. HEDG trading pairs include BTC and ETH.
As an ERC-20 token, HEDG may be stored on any ERC20-compatible cryptocurrency wallet, including Coinbase Wallet, Trezor, and Ledger.
Cryptocurrency is a major business entering the 2020s, but it’s still not fully accepted by the mainstream. This is because the industry has been ravaged by accusations of price manipulation, phony pyramid schemes, and unlicensed companies avoiding financial accountability. It doesn’t help that wild and rapid price fluctuations plague the industry. HedgeTrade hopes to bring trust back to crypto trading, while giving successful traders a road to audience monetization.
The project is based in Singapore and Canada and was created by Rublix. I spoke with Rublix CEO and Co-Founder David Waslen and Developer & Project Manager Rhys Boulanger about the project, and they have high hopes for its development. The team consists of a well-rounded background that includes finance, investment, and digital marketing.
Blueprints are at the heart of the platform, so let’s discuss the layout and payouts.
A blueprint can be created by setting an entry and exit price. A chart is shown within the dApp showing historical price, and you can set blueprints to cover both a profit or loss. For example, if the price of BTC to USD is currently $8,000, and you think it’ll go down to $4,000, you can create a blueprint to short the price for $4,000. A the same time, if you believe it’ll jump to $12,000, you can set that exit point. Either way, the profit of $4,000 is a 50% profit over the starting price of $8,000.
When creating a blueprint, you choose a timeframe. For the purposes of this review, I was given 200 HEDG to bet and, after safely storing 100 HEDGE off the platform, I mostly bought other’s blueprints to get an idea of how the platform’s investors were doing. Because it’s an early closed beta, there are only about 500 users right now, and they have a mostly decent grasp on the market. I had about a 50% success rate by choosing random blueprints with none of the due dilligence I would’ve performed if using my own money.
On the blueprint market, the trading pairs and profit margins are the only parts you can see. You won’t see the entry or exit points until you purchase the blueprint, so you won’t know if your 50% profit is a bet on the price going up or down. This means you have to essentially trust the investor you’re backing, although as a backer, your stake is hedged either way.
If the entry and exit point are proven correct, HedgeTrade charges a 50% commission fee against the total amount spent on the blueprint. The remaining amount is paid to the blueprint creator. If the entry point is correct, but the exit point never hits, the payouts are reversed, and the blueprint buyers receive the profits, minus the HedgeTrade commission. In the event the entry point is never hit, or nobody purchases the blueprint, a 5% commission fee is refunded to the creator.
In future iterations, the company plans to further gamify the userbase through a multi-level marketing referral program and leader boards showing the top traders. Lower-ranking traders with incorrect predictions find themselves shuffled to the bottom to create more overall trust in the platform. The team also hopes to expand the underlying prediction market model to traditional investment tools, like stocks, along with gambling and sports betting platforms.
HedgeTrade (HEDG) is a cryptocurrency investment platform built on the Ethereum blockchain. Over a dozen trading pairs are currently supported, including BTC, ETH, and LTC on the crypto side and USD, GBP, and EUR on the fiat side. The platform is currently in closed beta, and it reached into the top 50 cryptocurrencies by market cap within a year of its inception. HedgeTrade’s success relies on these key factors:
HEDG is an ERC-20 token on the Ethereum blockchain. It’s easily storable on ERC20-compatible wallets, and this will make it easier to exchange with other tokens across OTC platforms that support Ethereum.
HedgeTrade lets users deposit BTC to create HEDG, which is staked in a smart-contract “Blueprint” predicting the start/end value of a pre-defined market in a set period of time.
The Blueprint Market gives experienced traders a source of revenue generation, while inexperienced traders can piggyback on trading strategies of the pros. With these pieces in place, HedgeTrade already has the attention of the crypto community. It’s ending 2019 with healthy gains that already insure anyone involved against a declining market overall. If it delivers on its proposed expansion plans and attracts enough users (a feat that has thus far eluded even the most successful crypto dApps), this is a smart bet to diversify your crypto holdings.
Friday, January 3, 2020
CloudStack (CLSK) Hit USD$0.91 Upon 2020 News
CloudStack (CURRENCY:CLSK) traded 0.17% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on January 3nd. During the last week, CloudStack has traded up 4.3% against the U.S. dollar. One CloudStack CLSK token can now be bought for about $0.091 or 0.00000160 BTC on cryptocurrency exchanges including ForkDelta, LedgerDEX, BambooRelay, TokenJar, LogiDEX.PRO, McAfeeDEX and SwitchDEX.AG.
Here is how other cryptocurrencies have performed during the last 24 hours:
- XRP (XRP) traded 2.8% lower against the dollar and now trades at $0.19 or 0.00002602 BTC.
- Tether (USDT) traded 0.6% lower against the dollar and now trades at $1.01 or 0.00013872 BTC.
- Binance Coin (BNB) traded down 3.2% against the dollar and now trades at $13.16 or 0.00181659 BTC.
- Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $86.08 or 0.01188044 BTC.
- TRON (TRX) traded down 3.8% against the dollar and now trades at $0.0133 or 0.00000184 BTC.
- Stellar (XLM) traded down 3.9% against the dollar and now trades at $0.0439 or 0.00000605 BTC.
- COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
- Chainlink (LINK) traded down 2% against the dollar and now trades at $1.83 or 0.00025250 BTC.
- CloudStack (CLSK) traded 0.17% higher against the dollar and now trades at $0.091 or 0.00001602 BTC
- NEO (NEO) traded 2.8% lower against the dollar and now trades at $8.59 or 0.00118539 BTC.
- Crypto.com Chain (CRO) traded down 0.3% against the dollar and now trades at $0.0381 or 0.00000379 BTC.
CloudStack CLSK Token Profile
CloudStack CLSK launched on November 1st, 2019. CloudStack’s total supply is 100,000,000 tokens and its circulating supply is 997,889 tokens. CloudStack CLSK is a CloudStaking ERC20 Token designed to run using STAKGEN Algorithm. The official website for CloudStack CLSK is thecloudstack.org. Cloudstack CLSK’s official telegram channel is https://t.me/thecloudstack.
Buying and Selling CloudStack CLSK
CloudStack CLSK can be purchased on the following cryptocurrency exchanges: EtherDelta (ForkDelta), BambooRelay, LedgerDEX, TokenJar, LogiDEX.PRO, McAfeeDEX and SwitchDEX.AG. It is usually not currently possible to purchase alternative cryptocurrencies such as CloudStack CLSK directly using U.S. dollars. Investors seeking to acquire CloudStack CLSK should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase CloudStack CLSK using one of the exchanges listed above or directly at TheCloudStack Organization website.
Future Prediction
Based on current trend on the market for CloudStack CLSK, after reading all the future projection published on CloudStack official Telegram and TheCloudStack Organization website, we can see CloudStack CLSK could go as high as USD$1.00 on the first quarter of 2020 due to their on progress "Payment Processing Gateway" for WooCommerce and others merchant tools.
Monday, December 30, 2019
ERC20 Market Capitalization Hits USD$1.82 Million
ERC20 (CURRENCY:ERC20) traded down 4.7% against the dollar during the one day period ending at 7:00 AM E.T. on December 28th. Over the last seven days, ERC20 has traded down 7.6% against the dollar. One ERC20 token can currently be purchased for about $0.0364 or 0.00000498 BTC on cryptocurrency exchanges including Mercatox, Kuna, EtherDelta (ForkDelta) and Token Store. ERC20 has a market capitalization of $1.82 million and approximately $34,939.00 worth of ERC20 was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed over the last day:
About ERC20
ERC20 was first traded on October 23rd, 2017. ERC20’s total supply is 13,000,000,000 tokens and its circulating supply is 50,000,000 tokens. ERC20’s official website is belance.io. ERC20’s official Twitter account is @ERC20project.
Buying and Selling ERC20
ERC20 can be bought or sold on the following cryptocurrency exchanges: Kuna, Mercatox, Token Store and EtherDelta (ForkDelta). It is usually not presently possible to purchase alternative cryptocurrencies such as ERC20 directly using U.S. dollars. Investors seeking to acquire ERC20 should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase ERC20 using one of the aforementioned exchanges.
Here’s how related cryptocurrencies have performed over the last day:
- XRP (XRP) traded up 1.8% against the dollar and now trades at $0.19 or 0.00002635 BTC.
- Tether (USDT) traded 0.4% lower against the dollar and now trades at $1.00 or 0.00013699 BTC.
- Binance Coin (BNB) traded 2.4% higher against the dollar and now trades at $13.54 or 0.00184666 BTC.
- Bitcoin SV (BSV) traded 4.8% higher against the dollar and now trades at $91.99 or 0.01254597 BTC.
- Stellar (XLM) traded 1.4% higher against the dollar and now trades at $0.0457 or 0.00000624 BTC.
- TRON (TRX) traded up 0.9% against the dollar and now trades at $0.0134 or 0.00000183 BTC.
- Chainlink (LINK) traded 0.1% lower against the dollar and now trades at $1.89 or 0.00025728 BTC.
- COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
- Neo (NEO) traded up 1.3% against the dollar and now trades at $8.75 or 0.00119397 BTC.
- Crypto.com Chain (CRO) traded 0.3% lower against the dollar and now trades at $0.0381 or 0.00000379 BTC.
About ERC20
ERC20 was first traded on October 23rd, 2017. ERC20’s total supply is 13,000,000,000 tokens and its circulating supply is 50,000,000 tokens. ERC20’s official website is belance.io. ERC20’s official Twitter account is @ERC20project.
Buying and Selling ERC20
ERC20 can be bought or sold on the following cryptocurrency exchanges: Kuna, Mercatox, Token Store and EtherDelta (ForkDelta). It is usually not presently possible to purchase alternative cryptocurrencies such as ERC20 directly using U.S. dollars. Investors seeking to acquire ERC20 should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase ERC20 using one of the aforementioned exchanges.
Thursday, November 21, 2019
Livepeer Token Ecosystem
There has been a lot of development going on in the Livepeer ecosystem over the past few months as the community works towards creating a useful, scalable, and cost effective open video infrastructure. Some of the areas of focus have included:
Streamflow is the name of the upcoming Livepeer protocol update focused on taking the initial alpha public network, and making it scalable, cost effective, and reliable. It is currently running successfully on an internal test network, and working with high reliable for video transcoding. Tests have shown up to 99.99% reliability with many video streams, under certain conditions, and the challenge will be to replicate this on a public test network before going to mainnet.
One of the interesting features of the Streamflow update is that it contains what we believe to be the first implementation of a layer 2 payment scaling solution called Probabilistic Micropayments, which enables users to pay providers on the Livepeer network at high scale, without being effected by high fees on the Ethereum network.
Dashboard showing Probabilistic Micropayments tickets being sent, received, and redeemed for one node on the Streamflow internal testnet. Another impactful feature of Streamflow is that it will enable increasing the number of active Orchestrator (currently called Transcoder) slots from 25 in the alpha, to 100+.
Audits for the Streamflow code are beginning the first week of October. The aim is for the public Streamflow testnet to launch in the final week of September or first week in October. The goal for the public testnet is to allow node operators to learn to play the roles of Orchestrator and Transcoder in the new protocol, to test out GPU transcoding, and to help find and report bugs to enable Livepeer to achieve 99.99% transcoding reliability before going to mainnet.
A long anticipated aspect of the Livepeer project was that it could enable existing crypto miners to continue to mine GPU based cryptocurrencies like Ethereum or ZCash, while simultaneously leveraging unused video encoding chips on their GPUs to make additional revenue transcoding video. GPU mining is now working in the Streamflow codebase, and the dual mining ability is also demonstrated, while benchmarks are being collected to report on tuning and performance impacts.
While income from transcoding will be unlocked with the Streamflow release, those looking to experiment with running both simultaneously can follow these early technical instructions. More polished software easing the miner experience will surely follow in the future.
Livepeer’s network is open, and it enables anyone to be able to tap into the protocol directly to get live video transcoded. However it has also become clear through working with the existing video industry, that more polished products and services would need to exist in order to let scaled existing video applications test and begin to integrate without worrying about blockchain, cryptocurrency, and decentralized tech.
The first product developed in this vein is a plugin to existing media servers that allows users to use the Livepeer network for affordable and scalable transcoding, while hiding all of the crypto-complexity. Livepeer invites users of popular media servers to participate in a pilot program which will enable them to evaluate Livepeer’s technology at zero cost up to a limited amount of scale. The experience is that video developers can enable the plugin with a press of a button, and begin observing the benefits of Livepeer — affordable transcoding and reduced infrastructure costs.
These pilots are available to today, and we look forward to sharing positive case studies as part of the early usage. If you have a video streaming application in need of transcoding, please share your information here.
Participation in the public Livepeer alpha network has grown tremendously since launch. With 30+ infrastructure operators around the world running transcoder nodes, thousands of stakeholders participating in delegation to QA and secure the platform, and a large community of developers contributing to building tools around the supply side ecosystem.
The participation rate has recently passed the 50% target, meaning over 50% of all outstanding LPT is staked. The effect of surpassing this target is that the inflation rate now decreases by a small amount each round (day) that participation remains above this target.
Participation rate steadily climbing in 2019 to above 55%.
As the incentives to participate shift as a result of these economic parameters, it raises the questions around future governance. Livepeer’s road to decentralization summarizes the governance follows as the next stage in decentralization, and while forking to invoke an updated ruleset is always possible, there is a lot to be learned from recent protocols that have moved these sorts of upgrade mechanisms on chain and into community hands with seamless mechanisms involving signaling, proposals, voting, and binding on chain updates. This will be an active area of research and implementation for the project in early 2020.
As the most active set of participants in the Livepeer community are the token holders who have been operating the network, the project and community have put a lot of recent work into supporting this group.
- Streamflow — the big network scaling update
- GPU mining and transcoding opportunity
- Video developer productization and pilot program
- Network participation and governance
- Token holder community product and growth
- This post shares some status updates, as well as provides a glimpse at what’s next in each of these areas.
Streamflow is the name of the upcoming Livepeer protocol update focused on taking the initial alpha public network, and making it scalable, cost effective, and reliable. It is currently running successfully on an internal test network, and working with high reliable for video transcoding. Tests have shown up to 99.99% reliability with many video streams, under certain conditions, and the challenge will be to replicate this on a public test network before going to mainnet.
One of the interesting features of the Streamflow update is that it contains what we believe to be the first implementation of a layer 2 payment scaling solution called Probabilistic Micropayments, which enables users to pay providers on the Livepeer network at high scale, without being effected by high fees on the Ethereum network.
Dashboard showing Probabilistic Micropayments tickets being sent, received, and redeemed for one node on the Streamflow internal testnet. Another impactful feature of Streamflow is that it will enable increasing the number of active Orchestrator (currently called Transcoder) slots from 25 in the alpha, to 100+.
Audits for the Streamflow code are beginning the first week of October. The aim is for the public Streamflow testnet to launch in the final week of September or first week in October. The goal for the public testnet is to allow node operators to learn to play the roles of Orchestrator and Transcoder in the new protocol, to test out GPU transcoding, and to help find and report bugs to enable Livepeer to achieve 99.99% transcoding reliability before going to mainnet.
A long anticipated aspect of the Livepeer project was that it could enable existing crypto miners to continue to mine GPU based cryptocurrencies like Ethereum or ZCash, while simultaneously leveraging unused video encoding chips on their GPUs to make additional revenue transcoding video. GPU mining is now working in the Streamflow codebase, and the dual mining ability is also demonstrated, while benchmarks are being collected to report on tuning and performance impacts.
While income from transcoding will be unlocked with the Streamflow release, those looking to experiment with running both simultaneously can follow these early technical instructions. More polished software easing the miner experience will surely follow in the future.
Livepeer’s network is open, and it enables anyone to be able to tap into the protocol directly to get live video transcoded. However it has also become clear through working with the existing video industry, that more polished products and services would need to exist in order to let scaled existing video applications test and begin to integrate without worrying about blockchain, cryptocurrency, and decentralized tech.
The first product developed in this vein is a plugin to existing media servers that allows users to use the Livepeer network for affordable and scalable transcoding, while hiding all of the crypto-complexity. Livepeer invites users of popular media servers to participate in a pilot program which will enable them to evaluate Livepeer’s technology at zero cost up to a limited amount of scale. The experience is that video developers can enable the plugin with a press of a button, and begin observing the benefits of Livepeer — affordable transcoding and reduced infrastructure costs.
These pilots are available to today, and we look forward to sharing positive case studies as part of the early usage. If you have a video streaming application in need of transcoding, please share your information here.
Participation in the public Livepeer alpha network has grown tremendously since launch. With 30+ infrastructure operators around the world running transcoder nodes, thousands of stakeholders participating in delegation to QA and secure the platform, and a large community of developers contributing to building tools around the supply side ecosystem.
The participation rate has recently passed the 50% target, meaning over 50% of all outstanding LPT is staked. The effect of surpassing this target is that the inflation rate now decreases by a small amount each round (day) that participation remains above this target.
Participation rate steadily climbing in 2019 to above 55%.
As the incentives to participate shift as a result of these economic parameters, it raises the questions around future governance. Livepeer’s road to decentralization summarizes the governance follows as the next stage in decentralization, and while forking to invoke an updated ruleset is always possible, there is a lot to be learned from recent protocols that have moved these sorts of upgrade mechanisms on chain and into community hands with seamless mechanisms involving signaling, proposals, voting, and binding on chain updates. This will be an active area of research and implementation for the project in early 2020.
As the most active set of participants in the Livepeer community are the token holders who have been operating the network, the project and community have put a lot of recent work into supporting this group.
Tuesday, February 5, 2019
Kinguin Krowns @ Middle East Blockchain Forum
The second edition of the two-day Middle East Blockchain Forum opened today (February 5) in strategic partnership with Kinguin, a leading online gaming marketplace at Grosvenor House, Dubai Marina.
The forum will offer attendees unique networking opportunities to connect with industry leaders and innovators looking to explore the distributed ledger technology.
Speaking at the event will be Kim Rom, an esports and gaming veteran with 20+ years of experience and chief gaming officer for Kinguin, at a session entitled ‘A Decentralized Marketplace for Digital Games, Items and Services’. During the session, Kim will highlight trading capabilities for game and in-game items by building and integrating a trade platform using the latest technologies.
Kinguin’s strategic partnership with the Blockchain Middle East Forum comes ahead of its Initial Coin Offering (ICO), in the form of Krowns – its own cryptocurrency to create an efficient virtual economy for gamers all over the world.
Kinguin made a switch to blockchain technology in a pursuit of decentralizing its future operations in August 2017. Six months later, on 15 February 2018, the company is taking the next step forward towards this end by launching an Initial Coin Offering (ICO) of its own cryptocurrency - the Krowns - in an attempt to accelerate the development of the Kinguin Marketplace and fuel the global economy of the gaming industry.
The introduction of a new gaming token will benefit both gamers and game publishers. The former will now have a possibility of dealing with each other directly, anywhere and anytime - and trading not only games or digital items, but also gaming-related services. Hence, they will simultaneously profit from their own contribution to gaming communities they form a part of. The latter, on the other hand, will find a new way of monetizing their products and distributing them in a much easier and safer manner.
Viktor Wanli, CEO and founder of Kinguin said: “Our industry is currently witnessing a great wave of change and Dubai is known for being synonymous with not only innovation, but a strong spirit of entrepreneurship as well. With the government’s drive to become completely blockchain-based in the near future, the emirate is on course to emerge as the epicentre of blockchain-driven innovation.”
“This is an exciting time for Kinguin and we could not be more proud to partner with the Blockchain Middle East Forum.
“By bringing this disruptive innovation into the world, we have shown our potential to compete with the giants of the industry, yet remain uncompromising in our quest for meeting our customers’ ever-changing needs. This time, we bring trading closer to them by enabling the execution of financial transactions without supervision of any centralised unit. We are now stepping up to the plate by adopting blockchain technology not only as a trading tool but also in an attempt to commoditize trust and ultimately reform our company from within,” he added.
The forum will offer attendees unique networking opportunities to connect with industry leaders and innovators looking to explore the distributed ledger technology.
Speaking at the event will be Kim Rom, an esports and gaming veteran with 20+ years of experience and chief gaming officer for Kinguin, at a session entitled ‘A Decentralized Marketplace for Digital Games, Items and Services’. During the session, Kim will highlight trading capabilities for game and in-game items by building and integrating a trade platform using the latest technologies.
Kinguin’s strategic partnership with the Blockchain Middle East Forum comes ahead of its Initial Coin Offering (ICO), in the form of Krowns – its own cryptocurrency to create an efficient virtual economy for gamers all over the world.
Kinguin made a switch to blockchain technology in a pursuit of decentralizing its future operations in August 2017. Six months later, on 15 February 2018, the company is taking the next step forward towards this end by launching an Initial Coin Offering (ICO) of its own cryptocurrency - the Krowns - in an attempt to accelerate the development of the Kinguin Marketplace and fuel the global economy of the gaming industry.
The introduction of a new gaming token will benefit both gamers and game publishers. The former will now have a possibility of dealing with each other directly, anywhere and anytime - and trading not only games or digital items, but also gaming-related services. Hence, they will simultaneously profit from their own contribution to gaming communities they form a part of. The latter, on the other hand, will find a new way of monetizing their products and distributing them in a much easier and safer manner.
Viktor Wanli, CEO and founder of Kinguin said: “Our industry is currently witnessing a great wave of change and Dubai is known for being synonymous with not only innovation, but a strong spirit of entrepreneurship as well. With the government’s drive to become completely blockchain-based in the near future, the emirate is on course to emerge as the epicentre of blockchain-driven innovation.”
“This is an exciting time for Kinguin and we could not be more proud to partner with the Blockchain Middle East Forum.
“By bringing this disruptive innovation into the world, we have shown our potential to compete with the giants of the industry, yet remain uncompromising in our quest for meeting our customers’ ever-changing needs. This time, we bring trading closer to them by enabling the execution of financial transactions without supervision of any centralised unit. We are now stepping up to the plate by adopting blockchain technology not only as a trading tool but also in an attempt to commoditize trust and ultimately reform our company from within,” he added.
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