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RESEARCH REPORT ABOUT KYBER NETWORK

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

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ABSTRACT

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

1.INTRODUCTION

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

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

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

1.1.1 WHY BUILD THE KYBER NETWORK?

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

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

1.1.2 WHO INVENTED KYBER?

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

1.1.3 WHAT DISTINGUISHES KYBER?

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

1.2 KYBER PROTOCOL

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

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

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

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

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

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

1.5 KYBER NETWORK ROLES

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

1.6 BASIC TOKEN TRADE

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

1.7 TOKEN-TO-TOKEN TRADE

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

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

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

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

2.1 HOW ARE KNC TOKENS PRODUCED?

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

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

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

2.3 WHAT CAN YOU DO WITH KYBER?

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

2.4 THE GOAL OF KYBER THE FUTURE

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

2.5 BUYING & STORING KNC

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

2.6 KYBER KATALYST UPGRADE

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

2.7 COMING KYBERDAO

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

2.8 TRANSPARENCY AND STABILITY

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

2.9 KNC STAKING AND DELEGATION

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

3. TRADING

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

4. COMPETITION

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

5.KYBER MILESTONES

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

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Bitcoin Market Weekly Report - Week of 06/07/2020

Bitcoin Market Weekly Report - Week of 06/07/2020

Coinviva BTC-USD Daily Chart
The volatility of Bitcoin movement remained low for the second week. Since the beginning of July, the Bitcoin price ranged between $8,918 and $9,298. The trend remained slightly bearish as the price failed to break above $10,000 last month, and the bars were hovering around the lower Keltner band. The current support is at $9,000.
If the volatility starts to pick up this week and breaks below the support, a short signal is confirmed amid the current bearish trend. The next support level is at $8,500.
Review of the week:
CoinGecko, the cryptocurrency analytics firm, in its recent quarterly report for Q2 2020, charted the price change for before and after the 2016 and the 2020 halvings. In July 2016, Bitcoin was trading between $400 – $950. While in the 50 days prior, it rose by 11 percent, in the 50 days after the halving, the price dropped by 9 percent. Coming back to 2020, in the 50 days prior to the halving, the price rose by 50 percent, and in the 50 days after, by 5 percent. Given the late halving surplus in 2016, the prevailing economic conditions of 2020, and the massive increase in the market capitalization of Bitcoin in the ensuing four years, it concluded that the present price is “more bullish” than expected: “Despite having a market capitalization 15 times larger in 2020 than in 2016, Bitcoin showed a more bullish price movement during the 3rd Halving event.”

https://preview.redd.it/pd26ci5en6951.png?width=912&format=png&auto=webp&s=0feabe20422b0aa13e8b8c6e80991ed63ddc5157
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Welcome to the ITO Utility Token Sub-Reddit!

Welcome to the ITO Utility Token Sub-Reddit!

https://ito.network
👋 Welcome to the ITO Utility Token Sub-Reddit!
The ITO Utility Token is one of three core components of the ito.network blockchain crowdfunding ecosystem initiative, in this post you will be able to find all of the latest information and resources for the ITO Utility Token. More information about the ITO Network and ITO Protocol can be found by joining the communities listed in the interconnected developments section & viewing the respective welcome posts.

💪 Network Leaders
👤 Rodger - Community Leader - u/itonrodger
👤 Kelly - Development Leader - u/itonkelly

Interconnected Developments:
➡️ ITO Utility Token [IUT] - https://www.reddit.com/itoutilitytoken (You are here!)
➡️ ITO Protocol [ITO] - https://www.reddit.com/itoprotocol
➡️ ITO Network [ITON] - https://www.reddit.com/itonetwork

🌐 ITO Utility Token - ITO Tokenisation Instrument
The ITO Utility Token [IUT] is a vital component of the ITO Protocol crowdfunding model, giving participants instant liquidity on all tokenised pledges from ITOs. This fundamental element allows the ITO Protocol to offer zero-risk participation when supporting project crowdfunding opportunities in comparison to other forms of high-risk crowdfunding/investment such as IEOs or ICOs, which often leave participants with illiquid of unlisted tokens for a sometimes indefinite period of time. Participants who accumulate ITO Utility Tokens [IUT] can use [IUT] to become an ITO Network VIP to receive community privileges, including early-access to future ITOs and exclusive discussion with the ITO Network team and fellow VIPs. IUT can also stored in a wide range of supported ERC-20 wallets or exchange between Bitcoin, Ethereum or USD on a variety of supported exchanges.

⚙️ [ITO] ERC-20 Smart Contract Information
The IUT smart-contract is used to tokenise each Incentivised Token Offering deployment once the 58% accumulation cap has been reached. Once the accumulation cap has been reached, the IUT smart-contract autonomously tokenises the remainder of accumulations to [IUT] and distributes them to the participants which can then be sold, stored, or exchanged for ITO Network privileges. The use-cases of IUT continue to grow as the ITO Network continues to develop new technology that require a tokenised instrument.
Contract Address: 0xD36a0e7b741542208aE0fBb35453C893D0136625
Token Name: ITO Utility Token
Token Symbol/Ticker: [IUT]
Circulating Supply: 90,010,767 ITO
Team Reserve: 0 IUT (No Team Reserve)
Total Supply: 90,010,767 IUT
Trading Price: 0.00000050 BTC (~$0.005 USD)
Market cap: ~$435,000 USD

👉 [IUT] Information & Resources
✅ Etherscan: https://etherscan.io/token/0xD36a0e7b741542208aE0fBb35453C893D0136625
🆕 Branding Resources: https://ito.network/branding/iut/branding/
🔜 Litepaper
🔜 Token Roadmap
✅ Supported on: Trust Wallet, MyEtherWallet, BlockFolio, GetDelta & more!

👉 [IUT] Exchange & Index Facilities
↔️ Swap IUT <-> ITON/ITO: https://iut.exchange
📈 IUT/BTC @ Crex24: https://crex24.com/exchange/IUT-BTC
📈 IUT/ETH @ Crex24: https://crex24.com/exchange/IUT-ETH
📈 IUT/USD @ Crex24: https://crex24.com/exchange/IUT-USD
📊 IUT Index @ CoinGecko: https://coingecko.com/en/coins/ito-utility-token
🔜 IUT/BTC @ Vindax
🔜 IUT/BTC @ Coinlim
🔜 IUT/ETH @ Etherflyer
🔜 CoinMarketCap Index Update
🔜 CoinCodex Index Update
🔜 Messari Index
🔜 WorldCoinIndex (WCI) Index

👉 [IUT] Community & News Channels
📢 Telegram Announcements: https://t.me/itoutilitytoken
💬 Telegram Community: https://t.me/iutcommunity
🆕 Reddit: https://reddit.com/itoutilitytoken
🆕 Facebook: https://fb.me/itoutilitytoken
🆕 Instagram: https://instagram.com/itoutilitytoken
🆕 Steemit: https://steemit.com/@itoutilitytoken
🔜 YouTube
submitted by itonrodger to itoutilitytoken [link] [comments]

HEX CoinMarketCap Listing Request - Need Feedback/Help

PROGRESS:
https://coinmarketcap.com/currencies/hex/
https://www.coingecko.com/en/coins/hex
https://coincodex.com/crypto/hex/
https://coinpaprika.com/coin/hex-hex/

PROOF:
CoinMarketCap ---- https://imgur.com/a/TsbX5o3
LiveCoinWatch ----- https://imgur.com/a/9pdzLgg
CoinGecko ----------- https://imgur.com/a/oY3wn0w
WorldCoinIndex --- https://i.imgur.com/t9m0NDX.png
CryptoCompare --- https://i.imgur.com/wt6ni6O.png
CoinCodex ----------- https://i.imgur.com/XonOWor.png
Coinlib ----------------- https://i.imgur.com/ZNtvOsZ.png
Coinpaprika --------- https://i.imgur.com/f6fFz2s.png

DONATE / REFER:
if you want to support my work, please use my referral link! (and gain 10% more hex coins):
https://hex.win/?r=0x36ECd27625efeECeF5E8e62Cfdbd3F990801bA96
or donate ETH or HEX to my address: 0x36ECd27625efeECeF5E8e62Cfdbd3F990801bA96

COINMARKETCAP LISTING - TEXT FORMAT - (WITH LATEST EDITS):

1 - [New Listing] Add cryptoasset

Subject
HEX - HEX - Add cryptoasset

Project Launch Date
December 2, 2019

Project Name
HEX

Project TickeSymbol
HEX

Project Description
Launched on December 2, 2019 by Richard Heart and team, HEX is the first certificate of deposit on the blockchain, essentially time deposits that gain interest, HEX is an ERC20 Token that runs over the Ethereum network

Platform
Ethereum

Chain Fork
Not a fork, an Ethereum Smart Contract

Consensus Algorithm
Proof of Work and Proof of Stake Hybrid

Team/Backers/Investors
https://hex.win/#team

Traction/Adoption/Parternships/MVPs/Apps
As of Ethereum Block #9073548, Sun, 08 Dec 2019 19:5511 GMT
33,571 ETH ($5,067,575.86) has been invested
Ranked Top 10 Project on Dapps Radar
https://dappradar.com

Community Engagement
6,415 members on Telegram
https://t.me/HEXcrypto
3,661 followers on Twitter
https://twitter.com/HEXcrypto

Regulation/Licence
N/A

Office locations/addresses
N/A

Industry/SectoVertical
Certificate of Deposit (CD)

Link to Logo
https://i.imgur.com/Ha3FT3a.png

Website 1
https://hex.win/

Website 2
https://go.hex.win/

Block Explorer 1
https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39

Source Code
https://etherscan.io/address/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39#code
https://github.com/BitcoinHEX

Whitepaper / Technical Documentation
https://hex.win/techspecs.html

Announcement (Bitcointalk)
https://bitcointalk.org/index.php?topic=4523610.0

Message Board
https://www.reddit.com/HEXcrypto/

Twitter
https://twitter.com/HEXcrypto

Reddit
https://www.reddit.com/HEXcrypto/

Facebook
https://www.facebook.com/HEXcrypto

Video Channel
https://www.youtube.com/HexCrypto

Chat 1
https://t.me/HEXcrypto

Linkedin
https://www.linkedin.com/

Mobile App
https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn

Circulating Supply
https://hexstat.com/circulatingsupply

Total Supply
https://hexstat.com/totalsupply

Max Supply
N/A
(NOTE: Inflates 3.69% per year)

ICO/IEO Start Date
?

ICO/IEO End Date
?

ICO/IEO Price
?

# of assets sold in Private Sale
0

# of assets sold in Public Sale/ICO/IEO
0

Total # of assets sold
0

Total amount of capital raised (USD)
?

# of assets available to the public
0

# of assets that have been distributed to the public
0

# of assets that have been privately allocated for team/advisors/developers/future
0

API endpoint that displays ONLY TOTAL SUPPLY as a NUMERICAL value
https://api.etherscan.io/api?module=stats&action=tokensupply&contractaddress=0x2b591e99afe9f32eaa6214f7b7629768c40eeb39&apikey=YourApiKeyToken

Rich List
https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39#balances

List of CMC-supported exchanges
https://forkdelta.app/#!/trade/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39-ETH

Annex A - Rich List & Reserve Addresses
Origin Address
https://etherscan.io/address/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39
Flush Address
https://etherscan.io/address/0xDEC9f2793e3c17cd26eeFb21C4762fA5128E0399

Tags
DeFI
Staking

Are you willing to provide linkbacks to CMC?
Yes

Proof/Supporting evidence/documents
https://hex.win/

UPDATED LOCALLY:
- Project Name ----- (Changed from Hex to HEX)
- Circulating Supply ----- (Changed to Total Supply)
- Source Code ----- (Added Etherscan)
- Max Supply ----- (None, Inflates forever)
- API endpoint that displays ONLY TOTAL SUPPLY as a NUMERICAL value (Hexstat.com)
HELP:
- Project Description
- Announcement Link
- Mobile App
- ICO/IEO questions and Assets sold in Public/Private questions
- Annex A
submitted by togoshige to HEXcrypto [link] [comments]

Bitcoin Rhodium FAQ

Bitcoin Rhodium FAQ

What is Bitcoin Rhodium?

Bitcoin Rhodium is a decentralized store-of-value cryptocurrency with a strong appeal for investors looking for a long-term investment in crypto securities.

Is this a Bitcoin fork?

NO. Bitcoin Rhodium is not a Bitcoin fork and uses its own unique blockchain.

Is it an open-source project?

YES. It is programmed in C# language and source code can be found here on GitLab.

When was it launched?

Mainnet launched on October 20, 2018, but the project started on December 1, 2017

Why did you decide to create Bitcoin Rhodium?

Our passion is to develop a cryptocurrency that is primarily held by investors for the long-term. We want XRC to be a niche savings account accepted by many, because of both its scarcity, but also because of its community of investors who see the long-term potential in holding a very scarce coin. Please read the White Paper and take a look at our Road Map to know more where Bitcoin Rhodium is headed. You can also check our Progress page to see the actual development.

How does Bitcoin Rhodium differ from BTC?

The main difference is that Bitcoin Rhodium’s max supply is just 2.1 million coins or one-tenth of Bitcoin’s.

What is Bitcoin Rhodium’s ticker?

XRC

Is it minable?

YES. Bitcoin Rhodium uses Proof-of-Work (PoW) system as a consensus mechanism. You can mine XRC with any compatible x13 hardware. Read our Mining Guide, choose a suitable pool on MiningPoolStats and start mining. You can calculate your profits on WhatToMine.

How fast are Bitcoin Rhodium’s transactions?

XRC has the same block interval target as BTC, which is 10 Minutes.

Is Bitcoin Rhodium a privacy coin?

Same as BTC, Bitcoin Rhodium is pseudonymous rather than anonymous, coins within a wallet is not tied to people, but rather to one or more specific keys or addresses. Thereby, XRC owners are not identifiable, but all transactions are publicly available in the blockchain. But we are planning to add more privacy features soon. To learn more about that please read the this post written by one of our devs.

Where can I get Bitcoin Rhodium?

You can buy it on multiple exchanges, acquire through mining or even get it for free if you already hold some.

On what exchanges does Bitcoin Rhodium trade?

XRC can be purchased on following exchanges: HitBTC, P2PB2B, Changelly, Bisq, Tradesatoshi, FatBTC and WhiteBIT

How can I get XRC for free?

You can get Bitcoin Rhodium for free participating in Strong Hands Program, which is one of our use cases. To get free coins all you have to do is to hold any amount of XRC on your wallet for three months. That’s all. No other requirements.

What other use cases does Bitcoin Rhodium have?

Two more use cases are: The Crypto Trinity — an efficient ecosystem together with Bitcoin and Litecoin that can facilitate users and investors with different needs and preferences. And FreeMarket ONE — tor-based Peer-2-Peer barter trading platform, anonymous marketplace to trade precious metals worldwide.

Where can I store Bitcoin Rhodium?

You can keep your coins safe in one of the following wallets: Electrum-XRC, Trezor, Full node wallet, Magnum wallet or Web wallet.

Which one of these wallets should I choose?

It depends on what platform are you and how you plan to use XRC. Hardware wallets has proven to be the most secure way to store crypto, so choose Trezor wallet for maximum security. For desktop on any major platform use Electrum-XRC. It is secure and really easy to use. Magnum wallet will give you simple access to your coins on Android (iOS app in development). Web wallet works in any browser but we recommend you to use more decentralized third-party solutions.

Are there any active bounty programs?

You can earn XRC by being Bitcoin Rhodium’s ambassador. If you’re interested in participating, please fill in this form. More info about the program on website.

Where can I find more info about the project?

Please check our official resources: Website, Discord, Twitter, Telegram, BitcoinTalk, Blog and Reddit.

Where can I check XRC price?

Main sources to keep track of Bitcoin Rhodium’s price are Blockfolio app, CoinMarketCap and CoinGecko.
submitted by BitcoinRh to BitcoinRhodium [link] [comments]

Grin price is unsustainable

I see people fiercely defending this as if it’s obvious. But is it really? After 1 year there will be 31,536,000 GRIN. At the current price of $6.43 (CoinGecko) that would put the market cap at $202,776,480... a little more than Bitcoin SV, Tron, Litecoin, or Stellar and a little less than EOS or Bitcoin Cash. Correction: a little more than Bitcoin Gold or Augur and a little less than TrueUSD or Zilliqa (all via CoinGecko for consistency). That seems like a reasonable expectation to me, especially if you consider that the overall market might go up.
Longer term, here’s how the supply will behave after that:
year supply inflation
1 31536000 NA
2 63072000 100%
3 94608000 50%
4 126144000 33.33%
5 157680000 25%
6 189216000 20%
7 220752000 16.67%
8 252288000 14.23%
9 283824000 12.50%
10 315360000 11.11%
So to break even, Grin will need to double in market cap year 2, gain 50% more year 3, and so on. That also seems reasonable to expect.
So, what exactly do people have a problem with? As far as I can tell it’s a gut reaction to the idea that there isn’t any max supply. But that’s not the important thing about crypto vs fiat. The important thing is that the monetary policy is fixed so the inflation rate can’t be tampered with.
submitted by hashtag_grinning to grincoin [link] [comments]

Bitcoin vs Argentine Peso: +220% in the last 1 year, further triggered by peso sell-off

Bitcoin vs Argentine Peso: +220% in the last 1 year, further triggered by peso sell-off

https://www.coingecko.com/en/coins/bitcoin/ars - Bitcoin vs Argentine Peso 24-hours chart (CoinGecko)
Few hours ago, the news broke that Argentine stock markets and its currency, the Peso, both plunged after conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.
Argentine Peso took a dive, in which you would see a jump in BTC/ARS conversion rate in the last 24 hours

https://www.coingecko.com/en/coins/bitcoin/usd - Bitcoin vs US Dollars 1 year chart (CoinGecko)
While bitcoin price has been on a bumpy ride earlier this year, Late Q1, and Q2 onwards saw a significant surge in price, increasing +80% against US Dollar in the 1 year period.
https://www.coingecko.com/en/coins/bitcoin/ars - Bitcoin vs Argentine Peso 1 year chart (CoinGecko)
Bitcoin performs even better against the Argentine Pesos with a +220% gainer in the 1 year period. While bitcoin is volatile, it has some firmness over the long term against volatile fiat currencies.
submitted by coingecko to Bitcoin [link] [comments]

BREAKING: Mining Without Consent: Burstcoin’s (BURST) PoCC Accused of Attacking Bitcoin HD and Stealing from BURST Miners

BREAKING: Mining Without Consent: Burstcoin’s (BURST) PoCC Accused of Attacking Bitcoin HD and Stealing from BURST Miners

https://preview.redd.it/nuzu9peazw621.png?width=512&format=png&auto=webp&s=bf7895b149b13f7a75f3a78de3f3f134c0529666
https://cryptoiq.co/breaking-mining-without-consent-burstcoins-burst-pocc-accused-of-attacking-bitcoin-hd-and-stealing-from-burst-miners/
A group of Burstcoin developers has been accused of merge mining Bitcoin HD without the consent of miners, refusing to give them the Bitcoin HD earned from merge mining, despite using their equipment. The developers say this was done to attack Bitcoin HD.
On Dec. 17, the Proof of Capacity Consortium (PoCC), a semi-official group of Burstcoin developers, began to merge mine Bitcoin HD (BHD). This was announced to the public on Dec. 20 — only after a miner posted on Reddit that they were upset about the unannounced merge mining.
Reasonable attempts to reach representatives of PoCC for a response to the allegations were unsuccessful.
A statement released by PoCC on Dec. 24 said that Bitcoin HD was the specific coin being merge mined.
This situation seems unfair for miners and perhaps could be considered theft since most miners were completely unaware that they were merge mining for at least a week.
To placate the miners, PoCC made a donation of 150,000 BURST ($600) to the Burstcoin Marketing Fund. It also temporarily waived the negative balances some miners had due to a previous pool error.
PoCC acknowledges that merge mining Bitcoin HD increases energy usage by 30 to 50 percent.
The PoCC said it will use its pool, which is comprised of the mining power of independent miners, to mine other chains as it deems fit. It indicated that miners will not receive any profits from merge mining Bitcoin HD even though it costs more electricity.
“A word on Bitcoin HD,” The PoCC also said in the statement. “… It is a pyramid scheme, it has quite a lot of conceptual and security implications – which many participants seem to know about, yet still do not care ‘as long as the price/quick buck is right.’ This is a mindset we have observed even with long-standing veterans in the Burst community. Because of said pyramid scheme concept (you have to buy in to earn) BHD maintains a price point way beyond a realistic valuation. Greed devours the brain. We are currently interfering with this network to secure our position, which means BHD miners will continue to observe an ever increasing network capacity.”
Specifically, the PoCC is saying it is consuming a large fraction of the mining revenue from Bitcoin HD — which weakens the Bitcoin HD mining community — and dumping it for Burstcoin development.
The Bitcoin HD (BHD) CoinGecko chart indicates that volume for BHD spiked to near $1 million right before Christmas, well above the average of less than $100,000, and simultaneously with the beginning of a price crash from near $4 to $2.80.
That being said, there was similar volume and a similar price crash in early December before PoCC deployed Bitcoin HD merge mining, so it’s not that unusual. Part or most of the pre-Christmas price dump could have been speculators catching wind of the PoCC’s threats and dumping Bitcoin HD. It is not possible that PoCC mined anywhere near $1 million of Bitcoin HD in such a short amount of time.
A Bitcoin HD dev responded to the PoCC threats, saying “If some of you continue to attack BHD and do not distribute the earnings from mining BHD to the users, compared with the current capacity, BHD’s 400PB and Burst’s 200PB, … we might attack Burst by the advantage of 51% of the capacity. You should understand what this means.”
The PoCC responded “First and foremost, we are not attacking BHD. This is a very serious allegation for which there is no evidence… As we do not attack BHD and according to your own words help to strengthen the BHD network, we are confounded with the threats you formulated. Let it be known that as we do not attack BHD, we certainly would feel any moral right to answer any attack against Burst accordingly”.
This response to the Bitcoin HD dev is contrary to the PoCC saying that it is interfering with the Bitcoin HD network in the same Reddit thread. PoCC is not 51 percent attacking the Bitcoin HD network. That’s what they mean when they say they are “not attacking.”
In fact, Bitcoin HD has a far greater mining capacity than Burstcoin (BURST), so a PoCC led 51 percent attack is not even possible. However, taking away most of the revenue from the Bitcoin HD mining community and then dumping it all to weaken Bitcoin HD’s price is an attack.
The Bitcoin HD dev team has taken the high road to put an end to the PoCC-induced network interference. Instead of a 51 percent attack on Burstcoin, they decided to fork Bitcoin HD on Jan. 3, 2019 to prevent merge mining.
To summarize, the PoCC, which is a semi-official Burstcoin development team — but certainly not the only Burstcoin developers — initially began to merge mine Bitcoin HD without permission from the miners in the PoCC pool.
PoCC acknowledges that the merge mining was done to divert resources away from the Bitcoin HD mining community to weaken it. Those resources have enriched PoCC, despite the fact that miners on the PoCC pool were unknowingly participating in this scheme and losing money because of it.
Now, a significant fraction of the Burstcoin community feels betrayed, and the PoCC has lost reputation and trust. Since Burstcoin is decentralized, it will eventually recover from this, but the weeks and months ahead could be very turbulent as the full details of this merge mining saga are exposed. Ultimately, this could result in a change in Burstcoin (BURST) community leadership.
submitted by turtlecane to burstcoin [link] [comments]

Your Week in SmartCash

Weekly highlights from the SmartCash Hive Teams and SmartCash Community

SmartCash Community

With Bitcoin rising, now is the perfect time to invest in alt coins like SmartCash to get in on the coming crypto gains!
It takes 25 seconds to make a request in Kamoney in Brazil. Living off of and using SmartCash to pay for everyday things is getting easier and easier!
The Criptoblock SmartCash event in Brazil was a success!
There is currently two proposals up for vote: SmartCash Store, and SmartCash Tweet Campaign. Recently an initiative was passed to Increase Community Reach, Education and Involvement in the Brazil Telegram Group.

Visit the SmartCash Pre-Proposal Forum to share your own ideas and get feedback. Having trouble getting your proposal passed? Try these three simple steps and try again with a revised version.

Development and Quality Assurance

You can now use your preferred wallet on SmartPay 1.4!
Soon the native mobile wallet for SmartCash will be ready for Android!

Support and Web Teams

Remember the best place to get support is the SmartCash Discord Server, join today if you haven’t already!!

Community Activity Summary
There are now 17,756 Smarties on the SmartCash Discord Server, 3,286 on Telegram, 13,943 followers of @Scashofficial on Twitter, 2,900 subscribed to /SmartCash on Reddit, 1,597 followers on Instagram, and a growing presence on Gab.ai with 175 followers. We have 2,288 enabled SmartNodes, our blockchain has a current height of 1,116,730, and in the last 24 hours it has transacted 194,241,886.00 SMART via 17596 transactions! There are 20,309 addresses eligible for SmartRewards, which is currently expected to pay around 0.58%. Our official mining pools have a total of 466 workers and have paid out 9,565 SMART in the last 12 hours. CoinGecko currently has SmartCash ranked at #222. They report a -2.993% change in price and a USD volume of $265,792 in the past 24 hours.
submitted by SeriousSemp to smartcash [link] [comments]

CoinMarketCap Algorithm Changed: Is The Ranking Flawed?

CoinMarketCap Algorithm Changed: Is The Ranking Flawed?

https://preview.redd.it/clihp7mynwh31.png?width=953&format=png&auto=webp&s=1283c69874750f6118a684d4562a3e1fc188e5bb
Article by Forbes: Luke Fitzpatrick
CoinMarketCap has over 125 million people relying on its data as a reference price and trusted source of information on cryptocurrencies. Recently, it underwent a major algorithm change that impacted the way that the top 200 coins are ranked. For no apparent reason, some cryptocurrencies took a massive dive.
Out of those that were affected by the change, DAPS Coin was by far the worst. Adel de Meyer, the CEO of DAPS Coinwoke up this weekend, discovering that DAPS Coin shifted out of position 176 to position 1,173 in a single day. No explanation had been provided by CoinMarketCap as to why DAPS Coin had dropped almost 1,000 in rankings.

Adel de Meyer, CEO of DAPS Coin
In shock, de Meyer recorded a video sharing her thoughts on Twitter which has already received close to 10, 000 viewers. I reached out to de Meyer as I wanted to find out more information. Here’s what she had to say.
Question: What happened to DAPS Coin?
Adel de Meyer: Not too long ago, CoinMarketCap also referred to as CMC made some changes to their algorithm. Suddenly, without any warning, DAPS dropped over 1,000 in its rankings. Nothing has changed for DAPS to have dropped that low.
Other projects have less market cap, project activity and volume than DAPS, but yet their rankings weren’t impacted. Because of this, I could not understand why CoinMarketCap (CMC) dropped our ranking by this much. This is why I conducted an investigation and shared my findings on Twitter—the response was very supportive.
Question: What do you think about the requirements for the top 200 coins on CoinMarketCap?
Adel de Meyer: In my opinion, the requirements are vague and open to interpretation. There is no definitive method by which one can state that if the requirements are fulfilled, you will be ranked appropriately. Their direct competitor CoinGecko has its methodology published publicly, so it gives projects a fair and equal chance to rank better for their project’s visibility and credibility.
CMC methodology states that one of the ranking factors are “significant liquidity/trading activity with normal bid-ask spreads across sufficient sources of market data.” This, in my opinion, motivates wash trading to comply with this requirement. So if one exchange listing falls low on liquidity, it is up to the project to employ market makers to ensure “normal” bid-ask spreads across the board.
In my opinion, this does more harm than good to innovation, startups and the overall growth of the cryptocurrency industry. For the top 200 rankings, they also use something called Indices. “The CoinMarketCap Indices are a suite of benchmark indices designed to be the most comprehensive in the market, measuring the performance of the top 200 cryptocurrencies by market capitalization traded in USD.”
The methodology principles state that “all eligible cryptocurrencies are ranked by their current market capitalization.” To me, this is confusing because the market cap is not what CMC ranks you with any more.
Question: Can you explain what safekeeping is?
Adel de Meyer: Safekeeping is synonymous for deposit or surety. Some of the bigger exchanges require a set amount of money (some up to 1 million dollars) that you guarantee for a year to use and trade with, in case your volume drops. Exchanges will do this to maintain volume and not damage their reputation. That’s because exchanges want to show “volume and activity” for each coin, and this is a “questionable practice.”
This is mainly, in my opinion, due to them wanting the high rankings on CMC to attract users and new listings, and they can demand huge listing fees when they are perceived as the biggest with “most volume.” Rumors have been making the rounds that some cryptocurrencies are paying exchanges like CoinMarketCap for higher listings. If this is indeed happening, then this is completely unethical.
Question: How does the CoinMarketCap decision impact the blockchain community?
Adel de Meyer: This is a fundamental issue for multiple reasons:
  1. CoinMarketCap requires that a coin must be listed on one or more of their partner exchanges, and these exchanges are centralized and regulated. These 2 things are in direct conflict with the tenets of crypto and the purpose for the existence of bitcoin.
  2. If it is proven that CoinMarketCap can manually adjust the ranking of a project, then they cannot categorically state that they are a neutral 3rd party.
  3. Centralization of a ranking authority is immediately problematic, not only does that go completely against the tenets of the industry, but this also means that there is the option for collusion, corruption, and coercion.
  4. A ranking authority with the size and reputation of CoinMarketCap has the capacity to essentially “hide” a project at will.
  5. There is a lack of transparency for the top 200 rankings. CoinMarketCap claims that they don’t publish this to avoid manipulation.
  6. Coinmarketcap created FUD (fear, uncertainty, doubt) in hard-working projects by decreasing their ranking by up to 1,000 rankings overnight without a plausible explanation. This leaves investors and traders confused, hence damaging the reputation of projects.
  7. The ICO Envion who was responsible for stealing 90 million dollars was ranked at 191 on CoinMarketCap until I tweeted about it this week. After which, their ranking suddenly dropped to 1,174. This type of flawed ranking is dangerous and poses a risk to new inexperienced investors in the cryptocurrency industry. This project should have been removed completely as per “CoinMarketCap Delisting Policy.”
Question: Are there any new interesting developments at DAPS?
Adel de Meyer: Our code is currently undergoing a security audit by Red4Sec who is well-known for work with other large projects like NEO. We also just returned from Canada’s largest blockchain event called Futurist, showcasing how DAPS Coin is competing in the privacy coin space. Lastly, we’re planning for the launch of our mainnet, which we are pretty excited about—this will launch at the end of September 2019.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to icoslist [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to ICOAnalysis [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to Crypto_ico [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to CryptoInvesting [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to cryptoinvestments [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to cryptoinvestor [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to IcoStatus [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to icoalts [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to ICOCryptoInfo [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to icocrypto2018 [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to CryptoICO [link] [comments]

Coin Janitor ICO. Cleaning up the crypto market.

Coin Janitor helps makes cryptocurrency more useful. Coin Janitor is a community funded project that sweeps up inactive coins and pays users to trade them in, and they need our help to clean more!
Coin Janitor will unlock value that is trapped in failed coins. For more information there is a great video on their home page that explains how it works.
Why it's great to be a JAN holder. There are Three main benefits JAN holders will enjoy. High Demand: They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market. Network Effect: The amalgamation on dead coin communities and other dead coin assets under a single roof - The CoinJanitor project. Tools & Resources: Access to all CoinJanitor's data, together with the tools and resources that CoinJanitor will develop from its research and the assets it intergrates from dead coin projects.
CoinJanitor partners: SelfKey, Coinfirm, Cubits, Titanium Technologies, Titanium blockchain, ICOmint, Blue chip Vision, 4K.
Most coins that exist cannot be traded. Some were even abandoned leaving users out of the market altogether.
Wealth is concentrated mainly on coins with market caps of $1 billion USD or more, but there are thousands of users with coins that have caps lower than $50,000 USD. We are looking to welcome all the users into the coin Janitor community
Details of the ICO. Total Token Supply = 100,000,000. Hard Cap - 7,500,000 USD. ICO sale May 1st - May 31st. Token Price - 1 ETH = 3900 JAN. Curriences accepted = BTC, ETH, USD & 40 altcoins.
Benefits: There are 4 main groups of people who will majorly benefit from this ICO project. People may also belong to more than one of these mentioned groups simultaneously, which means they will benefit in every group that they may be in. The following groups of people that this great ICO will benefit are listed below.
Users of failed coins: This group will benefit from the opportunity to get value back from coins that cannot be sold. This group will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities that are otherwise cut-off from the markets. CoinJanitor Users: This group will benefit from the creation of a new economy that wouldn't exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one. The Market: The Cryptocurrency market as a whole will benefit from two positive externalities that this ICO project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market. Project Creators: will benefit from creating an unprecendented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.
The CoinJanitor ICO project has a good concept behind it. With the crypto market space growing so rapidly now, people do overlook what does happen to the coins that become inactive. CoinJanitor's concept of cleaning up these alt coins is a good one that has an important role in the cryptcurrency market space. After reading the whitepaper, the one pager and speaking to a team member on the telegram channel I have confidence this ICO is a project that is being taken seriously. The crypto space will be alot easier to navigate through when coinjanitor starts to clean out the inactive alt coin area, and this concept will make it easier to notice red flags in upcoming coins in the future.
Referall Program available. Detailed FAQ section that may answer all the questions that you may have.
Media coverage : TheBitcoinNews, Bitcoin News, ZyCrypto, Bitcoin Chaser, CCN, CoinIdol.com BitcoinExchange Guide, Coin spectator just to name a few. Coin Janitor project ICO listing : Cryptoradar, CoinGecko, ICOAlert, ICOstreet, ICOstream, ICOCLAP TopICOlist, foxico, ICObench, Longcatchain, Coinhills, The Tokener.
follow them on Facebook/twitteyoutube/telegram/bitcointalk/linkedin
website: https://www.coinjanitor.io
submitted by Jemecortez to CryptoInvesting [link] [comments]

Goldman Sachs USD Warning, 'Liquidity Pump' Has Bitcoin ... BITCOIN GENERATOR 2019 Bitcoin Price Forecast: BTC/USD falls below $11,300 ... BITCOIN HACK REAL PREMIUM 2019-2020 bitcoin (BTC-USD) Price Crypto and wallets 2020 crypto.com ...

Bitcoin’s 2nd Halving (2016) 50-Days before Halving, BTC’s price increased by 11%. 50-Days after Halving, BTC’s price decreased by 9%. Bitcoin’s 3rd Halving (2020) 50-Days before Halving, BTC’s price increased by 50%. 2020 BTC Price (USD) 2016 BTC Price (USD) 50-Days after Halving, BTC’s price increased by 5%. About Bitcoin. Bitcoin price today is $10,595.82 USD with a 24-hour trading volume of $50,556,435,247 USD. Bitcoin is down 1.36% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $196,126,817,695 USD. Bitcoin’s 2nd Halving (2016) 50-Days before Halving, BTC’s price increased by 11%. 50-Days after Halving, BTC’s price decreased by 9%. Bitcoin’s 3rd Halving (2020) 50-Days before Halving, BTC’s price increased by 50%. 2020 BTC Price (USD) 2016 BTC Price (USD) 50-Days after Halving, BTC’s price increased by 5%. 11 Bitcoin, for example, has a Developer Gecko score of 92% and a Social Gecko score of 82%, giving it a total score of 88%. The next highest coins are ETH (77%), XRP (71%), and BCH (71%). For all of these reasons and more, many people prefer CoinGecko over CoinMarketCap and similar coin ranking websites. -96.66%: Market Rank #1275: Market Cap: $613,135 USD: 24 Hour Volume: $42,007.63 USD: Circulating Supply: 7,893,435,203 BTCZ: Total Supply: 7,893,435,203 BTCZ: Max Supply

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Goldman Sachs USD Warning, 'Liquidity Pump' Has Bitcoin ...

Bitcoin Price Forecast #BTC #USD falls below $11,300 Confluence Detector http://ntvforex.com/news/?id=c5e9ae. . 2 minutes ago #BTC #USD bears have stayed in ... bitcoin mining bitcoin price usd bitcoin address bitcoin app bitcoin account ... bitcoins and price bitcoins n news bitcoin n gecko guns n bitcoin baikal n bitcointalk piotr_n bitcointalk Bobby Lee is calling for Bitcoin to reach $333,000 by the end of 2021. Does his prediction mean anything, could he be correct? https://bitcoinexchangeguide.c... Bitcoin Price Analysis: BTC/USD consolidation takes precedence ahead of breakout to $12k Bitcoin Price Analysis #BTC #USD continues to search for direction near $11,000 http://ntvforex.com/news/?id=983f54. . 1 minutes ago Bitcoin is moving sidewa...

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