Trade on multiple exchanges from a single platform and avoid the hassle of multiple logins, different interfaces, constant tab changing and overall keeping track of balance holdings and trades.submitted by altXpert to u/altXpert [link] [comments]
With more than 300 cryptocurrency exchanges today, most traders have to manage multiple exchange accounts.
The need for more than one account usually rises because of the variety of offered crypto currency pairs, market liquidity, having to diversify the risk of being hacked, as well as the different trading tools and terms each exchange offers.
Trading and keeping track of your portfolios on multiple exchanges is time consuming, inefficient and frustrating. Having to log on different platforms, use different interfaces, keeping track of multiple portfolios and all trading related activities become increasingly difficult with each new account.
It would be simple and easy if you could connect all those exchange accounts into a single multi-exchange platform which combines all the data in real time and provides a single interface to control all remote exchange accounts.
Multi-exchange platformsA multi-exchange platform allows the traders to connect all their exchange accounts into a single account through the user of API keys generated from the account of each exchange.
Once all accounts are connected into a single one, using the exchanges interfaces becomes obsolete. The unified account will now track and combine all portfolios and traders will be able to track prices, order statuses and other data across all exchange accounts from a single interface.
In addition, most multi-exchange platforms provide various information tools such as news aggregators, sentiment tools, arbitrage matrix and price alerts.
With regards to API keys security, these platforms do not require withdrawal or deposit permissions which limits the possibility of fraud and loss of funds.
Finally, multi-exchange platforms do not typically charge additional trading fees and do not require lengthy verification procedures.
The current top platformsCurrently there are a handful of multi-exchange platforms with a variety of services. They range from a simple crypto portfolio tracker to an advanced trading and portfolio management platform. A detailed list of all major multi-exchange platforms and their features can be found here: www.AltXpert.com
Here is an overview of the top 9 multi-exchange trading and portfolio management platforms:
CryptoView is a multi-exchange trading and portfolio management platform equipped with a handful of useful integrations such as various cryptocurrency trading tools, portfolio analytics, a multi-source news aggregator, crypto events calendar and an outstanding multi-charting interface allowing endless customizations. It is an all-in-one solution for traders, crypto enthusiasts and professional fund managers.
CryptoView is a fully functional trading platform allowing you to trade on all major cryptocurrency exchanges from a single secured interface.
Bitsgap is an аll-in-one crypto trading platform designed to cover cross platform API trading and portfolio management with connection with most popular crypto exchanges and wallets. This multi-exchange cryptocurrency platform offers in addition to the full specter of trading tools the opportunity to use arbitrage trading on main and altcoins.
Integrated charts are powered by TradingView with all the provided drawing tools and technical indicators. Through API connection users can track and manage their entire portfolio at once.
Coinigy is a web based multi-exchange API trading platform combining full scope of trading features such as: advanced trade orders, price alerts, market data overview, crypto news and integrated charts from TradingView. The platform offers connection to more than 25 crypto exchanges and wallets covering most of the main and altcoins.
Single portfolio management is one of the main features of this multi-exchange cryptocurrency platform. Portfolio management across multiple exchanges and wallets can be performed from one unified account.
Quadency gives the opportunity to trade and manage an entire portfolio across multiple exchanges and trading platforms. By connecting API keys on existing accounts in exchanges and wallets, the users can execute advanced trading orders from one interface. All features combined in this solution makes it an all-in-one crypto trading platform for main and altcoins.
Cryptohopperis a multi-exchange trading and automated trading bot platform for cryptocurrencies. It allows its users to automate trading strategies that will trade cryptocurrencies like Bitcoin, Ethereum, Ripple and any other that supported exchanges offers.
Cryptohopperis designed to make traders more efficient by allowing them to copy other traders, automatically analyze the markets, manage all exchange accounts from one place and even use advanced tools like backtesting, market-making, and arbitrage.
LCX Terminal brings together real-time and full historical data of all major cryptocurrencies and trading pairs, smart automated and manual trading across all platforms, breaking news desk, social trading signals, powerful analytics and portfolio reporting — all combined in one platform. LCX Terminal cryptocurrency trading software is made for everyday traders as well as professional and institutional investors.
HyperLinq™ brings institutional-grade software with superior technology for digital assets and cryptocurrencies traders. Allows the users to track crypto assets on any major exchange or wallet through API connection. A simplified portfolio manager for cryptocurrencies and digital assets.
Altrady is a comprehensive cryptocurrency trading platform. The platform provides full trading information such as price chart, order book, trade history, and depth chart.
It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.
Auroxis a trading terminal that enables traders to supercharge their returns. With its multi-exchange integrated workspaces, Aurox provides a better platform for portfolio management, leads to faster trades and higher results for cryptocurrency investors.
submitted by BithumbGlobal to BithumbGlobal [link] [comments]
Do you feel left out when your friends, who just tried their luck at crypto trading, go on and on about day trading until your ears start to bleed? Day trading, one of the most popularly applied trading methods in stock and commodities financial markets is now being employed by crypto traders as well. Either you are marveled by the day trading success stories shared by your friends or just freaked out by how some traders lose all their money to day trading.
What is day trading and is it worth investing your time and money in?
Find everything you need to know as a newbie crypto enthusiast in this beginner’s guide to crypto day trading.
What is Day Trading?
Trading is all about selling an asset for a price higher than its cost price. Many factors including environmental and political fluctuations, research and development, mergers, and acquisitions impact the price of an asset in the financial markets. Rather than adding value to the asset and then making a profit from it, you take the shorter route and make a profit from the price fluctuations in the market. Trading methods differ depending on how long you are willing to hold the assets.
In day trading or intraday trading, you enter and exit the market on the same trading day. Day traders keep track of the price fluctuations that happen during a day to make a small profit that adds up to a larger amount over a long period. Although traditional financial markets are only open on business days of the week for a set number of hours, the crypto market is open 24*7. To qualify as a crypto day trader, you confine yourself to a 24-hour time frame.
These two examples will help you understand day trading better.
Sonny learns from the news that the price of ABC coin is going to see a sudden, fleeting hike during the next few hours owing to a Twitter reference made by a Hollywood celebrity. He purchases 100 ABC coins for $10 each at 10:00 AM and sells it for $12 each at 10:20 AM making a $200 profit in just 40 minutes.
Mark has been keeping track of the price charts of crypto coin DEF for a while now. He decides to take his plunge into day trading and buys 200 DEF coins for $6 each. The price goes up to $7 in a few hours. Anticipating further price increase, Mark holds his coins for a few more hours during which the price dips to $6.9 and then $6.8. Mark sells the coins for $6.8 each making a $160 profit.
Crypto Day Trading Strategies
Many trading strategies are applied by different day traders to earn a profit. Let’s take a quick look at each of them.
In scalping, you exploit small price fluctuations using your technical skills. Rather than focusing on fundamental analysis as these events often pan out over a longer period of time, scalpers develop a deep understanding of the market to make quick decisions.
2. Range trading
You can’t rely on price charts solely when it comes to day trading. In range trading, a careful analysis of the support and resistance a cryptocurrency receives is made to buy low and sell high. Here, you should watch out for factors that go beyond what is revealed by the price charts.
3. High-frequency trading (HFT)
In HFT day trading, you develop trading bots that enter and exit trade positions exploiting price fluctuations within a time frame of milliseconds. Although the bots are automated, a lot of work goes behind the screen like monitoring and changing the algorithms according to market changes.
Things to Know Before You Start Crypto Day Trading
Day trading is one of the safest methods recommended in crypto trading, especially for newbies. If you have decided to try your hands at crypto day trading, you need to find a reliable cryptocurrency exchange that is up and running 24 hours and offers you a range of coins to trade.
Bithumb Global is a leading cryptocurrency exchange with more than 1 million registered users. We offer great liquidity and user experience. Since there are 100+ different coins listed on Bithumb Global including Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash, you won’t run out of your options to trade. We will be a great place for you to learn the basics of day trading. So get started and make your baby steps into the crypto market.
submitted by Babyelijah to u/Babyelijah [link] [comments]
Bitcoin Revolution Scam; Bitcoin Revolution Review
Is Bitcoin Revolution Really a Scam?
When it comes to cryptocurrency, there are two primary methods of making profits; you can either buy and hold several crypto coins and sell them after a prolonged period when it has probably increased in value or by actively trading cryptocurrencies on exchanges. Holding cryptocurrency is an efficient way of realizing profits in the crypto space. However, it requires a good amount of time and patience, which many investors do not possess, to yield results.
For those not willing to wait for long periods, actively trading cryptocurrencies might be a better option for you. All you have to do is follow the golden rule of trading which is “buy low, sell high.”
Note: The secret then to being a successful cryptocurrency trader is timing.
Trading bots are fast revolutionizing how we trade cryptos as they are considered to be more efficient than humans. Bots like the Bitcoin Revolution platform have made trading cryptocurrency more efficient. You could decide to master the art of active trading and outsmart the bots, however, this can be very arduous and time-intensive. So, an excellent option would be to set-up a personal trading bot to better guarantee your success in this market.
We tested the Bitcoin Revolution bot live trading and found it to be an excellent, easy to use, successful software for both new and seasoned traders.
Is Bitcoin Revolution a Scam?
It is possible to become proficient at analyzing markets, however, it requires the mastery of technical analysis. Even after mastery, it is humanly impossible to always be in front of your computer analyzing and scouring the market for trading opportunities. This is where the trading bots come into play.
Bitcoin Revolution platform is a software that claims to allow its user to create a trading strategy and algorithm that are automatically executed on behalf of the user once pre-set market conditions or levels are met in live trading. The wonderful thing about it is that it runs on the cloud, which means it can function even when your PC is off. All that is required after setting up is to give the bot the required permission and that’s it.
How does Bitcoin Revolution Work?
We made sure to dot the I’s and cross the T’s with this Bitcoin Revolution review. We followed each step from registration to making a profit, testing each setting and feature. In the end, our conclusion is that Bitcoin Revolution us an outstanding cryptocurrency auto trading platform that can make you significant profits in a very short time.
Is Bitcoin Revolution a Con?
The Bitcoin Revolution investment scheme has been around for quite some time but it has recently gathered more interest as the coronavirus outbreak intensifies and people are struggling to find more income due to job losses and other economic factors.
The Bitcoin Revolution app claims to be “automated trading software that has been designed to trade the bitcoin and cryptocurrency markets,” its website states. For those looking to figure out if the Bitcoin Revolution app is a legit investment opportunity or a scam, there are several red flags to note. Firstly, the Bitcoin Revolution website is a cookie-cutter website that is shared by many other known scams. Victims of bitcoin revolution scams and other crypto scams can check this article on how to recover scammed bitcoin or stolen crypto.
Is Bitcoin Revolution Legit?
Boasting that its app has “a very high success rate of over 99%,” the Bitcoin Revolution website claims: “This means that most of the trades it enters into end successfully. What this means is that you could be earning over $1,000 a day.”
To lure unsuspecting investors, Bitcoin Revolution and other scams using the same website format make themselves seem like they have been endorsed by celebrities. Their promo video features a lot of prominent international figures, especially in the technological and financial space.
People from various countries have been drawn to Bitcoin Revolution hoping that it would be a safe investment option during the coronavirus pandemic, including those in Australia, Europe, Singapore, the UAE, El Salvador, and South Africa.
Is Bitcoin Revolution a Scam Australia?
Australians have been warned that there is: "A cryptocurrency investment scheme called Bitcoin Revolution has recently garnered interest worldwide with its claim that investors could easily earn over $1,000 a day. They could even become millionaires within 61 days using the Bitcoin Revolution app. However, this is a scam and it recently ran into trouble with the Securities and Exchange Commission of the Philippines."
Have you lost the money Bitcoin Revolution and need to get it back? Send an email to - [email protected] to recover your lost money.
submitted by j0j0r0 to ethereum [link] [comments]
Dragonchain Public Proposal TL;DR:Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.
Hello Reddit and Ethereum community!I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.
Executive summaryDragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.
Response and PoCIn The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.
A live proof of concept showing hundreds of thousands of transactionsOn Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.
How it works & scales
Architectural ScalingDragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.
Economic ScalingAn interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.
Scaled DeploymentDragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.
Flexibility in ScalingDragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table
How to run itBuilding on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
ArchitectureDragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.
APIs (on chain & off)
Known issues or tradeoffs
Costs and resources
Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.
This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum
Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to considerDragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
Usability Scaling solutions should have a simple end user experience.
Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactionsDragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.
Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees
Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
Users should be able to view their balances & transactions via a blockchain explorer-style interfaceFrom interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.
Exiting is fast & simpleWithdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.
Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.
Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
Documentation should be clear and completeFor full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.
Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.
Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!
TIMECommunity points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.
Dragon DenDragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.
Security. Users have full ownership & control of their points.All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.
Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone elseUsers can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.
Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone elseThrough our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw
Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offlineIf necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.
A public, third-party review attesting to the soundness of the design should be availableTo our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.
Bonus pointsSee above
Compatibility with HSMs & hardware walletsFor the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.
Minting/distributing tokens is not performed by Reddit directlyThis operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.
One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalableThis is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).
Fully open-source solutions are strongly preferredDragonchain is fully open source (see section on Disney release after conclusion).
ConclusionWhether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!
Disney Releases Blockchain Platform as Open SourceThe team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
Open SourceIn 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document
Dragonchain FoundationThe Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
Sourcesubmitted by pascalbernoulli to Yield_Farming [link] [comments]
It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.
According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV.
Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token.
Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms.
That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers.
Where it startedEthereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency.
Another term floating about is “liquidity mining.”
The buzz around these concepts has evolved into a low rumble as more and more people get interested.
The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes.
But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them.
We’re going to go from very basic to more advanced, so feel free to skip ahead.
What are tokens?Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.
But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT).
If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet.
Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol.
So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on.
Read more: Why DeFi’s Billion-Dollar Milestone Matters
One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
What is DeFi?Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.
In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet.
On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC.
(Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.)
Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral).
Read more: There Are More DAI on Compound Now Than There Are DAI in the World
If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user.
So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.
Doesn’t running a bank take a lot of money up front?It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.
Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts?
“In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg.
Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market.
On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.
Why do I keep hearing about ‘pools’?To illustrate why more money helps, let’s break down how Uniswap works.
Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both.
The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity.
(Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.)
Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful.
You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow.
And this brings us back to tokens.
Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”
So how much money do people make by putting money into these products?It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.
Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing.
However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted.
Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range.
Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another.
Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on.
So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
OK, I already knew all of that. What is yield farming?Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.
At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk.
“Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant.
Because these positions are tokenized, though, they can go further.
This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender?
In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here).
They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on.
Right now, however, things are not normal, and they probably won’t be for a while.
Why is yield farming so hot right now?Because of liquidity mining. Liquidity mining supercharges yield farming.
Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity.
“The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp.
The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token.
Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more.
So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies.
Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business.
The results were very surprising, even to Compound’s biggest promoters.
COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now.
This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender?
COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money.
It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible.
“Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital.
COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now.
Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not.
As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve.
It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity.
The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect.
So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.
Did liquidity mining start with COMP?No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.
This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token.
Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing.
These initiatives illustrated how quickly crypto users respond to incentives.
Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools.
When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible.
Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.
Is there DeFi for bitcoin?Yes, on Ethereum.
Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin.
A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person.
DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly.
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC.
Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference).
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
How risky is it?Enough.
“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.”
We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken.
As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches.
Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught.
And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone.
That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops.
“Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.)
Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).
What’s next for yield farming? (A prediction)COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.
“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models.
We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior.
Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal.
(There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.)
As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches.
Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op?
Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
submitted by mPrestige to revain_org [link] [comments]
4. Transaction FeesTransferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.
Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it.
Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token.
In the example below, the withdrawal fee amounts to 1 USDT
The transaction fee for Bitcoin came to 0.00050000 BTC
5. Trading FeesThe fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.
Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative
Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation.
Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.
Monthly VolumeYour buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.
Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day.
You can check your monthly trade volume by logging in and opening Account > My Activity.
6. Withdrawing FundsWithdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.
You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away.
After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction.
If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.
7. How to Trade on Bittrex GlobalCurrency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.
To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair.
Below the chart, there is a section with orders where the user can buy or sell a virtual asset.
To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity.
For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn.
Order TypesBittrex helps you alternate Limit and Stop-Limit orders.
A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.
Differences between Limit Order and Stop Limit OrderA stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.
Stop Limit Order Purposehttps://preview.redd.it/hlxvy9ti4zh51.jpg?width=1141&format=pjpg&auto=webp&s=064a77459a4dcb4555a885cbc56629aae10fc38b
Trade TerminalLet’s discuss how you could trade conveniently with our service.
The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth).
The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place.
You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings.
Markets are the trade section. Bittrex allows handling over 270 currency pairs.
Orders. To see all open orders, go to Orders → Open.
To see completed orders, go to Orders → Completed.
Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them.
After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day.
Here’s what you can also do with your wallets:
How to SellThe process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).
If you scroll the screen, the entire history of trades and orders will be displayed below.
LONG and SHORTYou can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.
Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction.
Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker.
A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.
Trade via APIBittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.
To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes.
If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key).
Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key.
Click Save and enter the 2FA code from the authenticator → Confirm.
The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it!
To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.
Bittrex Bot, a Trader’s AssistantRobotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.
Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters.
Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment.
The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.
8. Secure PlatformBittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.
Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry.
The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety.
Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection.
Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP
How to Pass IP VerificationTo ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.
Confirming your IP address.
The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account.
To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.
How to Add IP Address to WhitelistBy setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.
How to Add Crypto Address to WhitelistBy setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.
This concerns both the global.bittrex.com web interface and API based withdrawals.
Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address.
AfterwordBittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.
The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges.
The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector.
Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide.
The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally.
Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security.
Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers.
Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading.
One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange.
Bittrex is a force of the blockchain revolution and an important entity of the emerging sector.
The full version
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The very fact that you have created it this way suggests that that you are starting to determine for yourself how valuable this platform can be. Now, we have a tendency to wish to stipulate for you the steps needed to register on Crypto revolt
1st, create a login at Crypto revolt. You may include your email address and your full name.
You'll conjointly would like to line up a password that is at least six characters but less than 10 characters. You wish your password to be unique in that it includes letters, numbers, uppercase, lowercase, and unique symbols.
Next, you will be asked to produce your country of residence together with contact numbers.
Next, click the button that says “Start Currently.
It’s that easy. With simply some clicks of the mouse, you've got registered at Crypto revolt.
How to start out Trading with Crypto revolt
In order to trade, you wish to own money to trade with. Cash ought to be transferred to your broker account. We have a tendency to encourage you to take the time to become acquainted with the platform before you deposit cash. Once you understand the platform and are comfortable with it, you'll be able to decide on how you're going to form the deposit and the quantity that you're visiting deposit
The minimum quantity that you can deposit is $250. You'll deposit cash using money or cryptocurrencies. Several people deposit cryptocurrencies into the software since this is often what they will be trading i
Common sense dictates that the a lot of cash you put in, the a lot of profit you could make. But, the additional money that you place in, the bigger the risk you may face. This can be why we have a tendency to encourage 1st time traders to begin with a lower quantity. Once they develop confidence with the platform, they can begin to make their means up. Our recommendation is for brand new traders to start with a minimum of $250 and then slowly increase that quantity using the cash they earn from shopping for and selling their st
Once you're feeling that you have mastered the functionality of the platform, you'll to create the switch to live trade mode. You've got the option to decide on auto trading. Manual trading is on the market, but it's something that solely knowledgeable traders ought to do. Beginners could be in a position to form a profit with auto trading. As you bear this process, you'll to be able to see your minimum payouts and how much of your investment you wish to trade. Then, sit back and let the system do its job
Can I Use a Mobile App for Crypto revolt?
Unfortunately, there is not a mobile app out there for the software at now. However, if you have a good Web association and a functioning browser on your mobile device, you'll be able to easily navigate the system on your tablet, transportable, or computer.
Is Crypto revolt a Software Endorsed by Celebrities?
The short answer isn't any. You have got seemingly return across some hoax advertisement that claims that this platform has been endorsed by this celebrity or another. But, per the platform and in step with informative websites, this can be not true. Crypto revolt could be a solid company that doesn't have any kind of media or celebrity endorsements. Keep removed from gimmicky sites that make false claims like this
One amongst the false claims that keeps doping up is that Gordon Ramsay has recommended Crypto revolt. That’s not true. This can be fake news. Gordon Ramsay, nor any alternative celebrity, has been linked to the current plat
We have a tendency to wholeheartedly suggest this automated cryptocurrency trading robot. We tend to feel that it is sensible for both shopping for and selling. We suppose that this is the perfect platform for those who are new to the globe of crypto trading.
Though the software will not have the choice of making a demo account, the ability to determine the complete functionality of the platform previous to making a trade allows you to trade with data and confidence.
The entire platform is designed to be straightforward and simple. Everything from the registry and method all the way down to the actual trade is simple and clear-cut. You're able to withdrawal your money in around 24 hours.
Something that we tend to need to stress is that is a sensible plan to start trading with a small quantity of money. Even if you have traded before, keeping that balance of $250 prevents you from losing everything in the event that a market adjustment quickly goes against you.
Curry, it’s time for you to see what Crypto revolt is all regarding. Register nowadays and begin making
ow Quickly Can Profits Be Withdrawn?
A: Withdrawals happen among 24 hours.
Q: Is There a Limit on the Range of Trades I Will Do?
A: No, you will be able to position unlimited trades.
Q: How Abundant Time Do I Would like to Dedicate to Trading Every Single Day?
A: Most people are ready to adjust settings in their favor, using solely fifteen or 20 minutes each single da
Q: How Abundant Should I Expect to create with This Software?
A: The software claims you'll make up to $1,300 every day. But, like all things related to investing, the market dictates how much you'll build. You'll realize yourself creating a lot of than $one,300 daily, or you may realize yourself making less. We strongly encourage you to familiarize yourself with the platform and familiarize yourself with the cryptocurrency market. This will allow you to make choices that can best fit your investing vogue and needs.
Q: Is There a Guarantee That Trades Will Make Profits?
A: In trading, nothing is guaranteed. However, according to tests, the cryptocurrency bot was found to be correct and was found to make trades that were profitable for the trader around 90 % of the time.
Q: Are There Hidden Fees for Using This Software?
A: No. The software is completely 100 p.c free of commission. As you go through the applying process, you may learn more about how the software makes cash and how that impacts your ability to trade with it. All of their trades are clear and clear. There's no hidden agenda.
Here is our unbiased review of the Crypto revolt platform. As continually, we have a tendency to would love to hear from you. Have you worked with this platform before? What are the items that you have got enjoyed about it? What tweaks would you prefer to work out in the future? Please be happy to allow us to know in the comments section below.
Keep an eye fixed out for future posts on the topic. Until then, have a nice day.
Crypto revoltclaims that, as a Bitcoin trader, it can provide users with profits of up to $one,000 daily. However there’s additional. In keeping with its web site, the initial capital is solely $250. Their website conjointly says that their software has been designed to be user-friendly.
Anyone who spends time looking at cryptocurrency news knows that Bitcoin is extraordinarily volatile. In a very market like this, if a user does not act when the opportunity is true, they might lose their whole investment. This can be what made the thought of automated trading robots therefore widespread. Since 2017, this business has become a dominant force used by traders. Robots permit traders to create moves while not eager to manually input information
If you think you're reading one thing out of science fiction, you're not. The utilization of robots in cryptocurrency trading could be a reality.
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Many cryptocurrency trading robots create decisions based on automated algorithms using artificial intelligence. They have been designed to read profitable signals and then create trades for the users in an intelligent means. The concept is that users will easily build profits while not needing to place forth effort on their half. There are a selection of added features that build trading easier for the user. We are going to debate a number of these options soon in the article.
reviewed cryptosoft, it's one amongst the most effective auto trading platforms for cryptocurrency. My team set to review cryptosoft thanks to standard demand. Several folks want to use the auto trading robot to start out creating cash from the cryptocurrency market, but they need to make certain that cryptosoft is legit and will help them become financially free.submitted by cryptoerapro to u/cryptoerapro [link] [comments]
We have tested the auto trading software and my team is pleased to let our readers apprehend that it had been an amazing expertise. cryptosoft is a flawless, easy to use, and reliable auto trading robot that has been developed everybody who wants to become made by trading cryptocurrency.
The simplest issue about investing in an auto trading robot for cryptocurrency is that you are doing not would like to try and do any work. The sensible trading robots, work with the latest and refined AI-primarily based algorithm to generate a homogenous passive income for investors.
Who wouldn’t like the idea of getting a passive income? The demand for legit auto trading robots is high, but several people do not have the analytics tools that my team and I have at our disposal. This is often why we tend to do these reviews and comprehensively check auto trading cryptocurrency robots to identify those who we can suggest to our audience.
And after our expertise with cryptosoft, we have a tendency to are happy to advocate the auto trading platform to everybody who wants to be financially free and retire before planned.
Conclusion: An outstanding software for beginners and professionals.
cryptosoft is a absolutely developed and practical automated trading platform for cryptocurrency. On the platform, investors have an opportunity to register an account which will be managed for so long as they need to continue trading. cryptosoft uses intelligent software and trading robots that may perform transactions on behalf of the investor.
The trading robots are enhanced with intelligent and sophisticated software that permits the robots to detect the best trading opportunities within the cryptocurrency market within minutes. cryptosoft is obtainable in over a hundred and fifty countries; please view the official website to know if your country is on the list.
Below, we have presented a outline that best describes our experience with cryptosoft;
one). We have run many analytics tests on the auto trading platform, and our results were assessed, we have a tendency to discovered that the success score for cryptosoft is 96percent.
2). The volatile nature of the cryptocurrency market and risks are lowered by this automated system as a result of the trading robots work terribly fast to perform profitable trades.
three). Investors are allowed to make deposits and begin earning, the lowest deposit accepted on the cryptosoft platform is $250, while the best deposit value is $fifteen,000.
four). Please click here to start your expertise with the cryptosoft trading robot
We have a tendency to found it simple to check the features on the cryptosoft platform as a result of of the high-quality of the location. We think this is often a good issue and merit note because a responsive website will encourage a lot of individuals to sign up and begin making money with the trading robot.
My team has expertise in the area of testing and analysing auto trading robots. But I may not facilitate noticing that anyone could use the easy options and perceive how to urge started while not any help. That is how easy the user interface on the official cryptosoft website is, we tend to were impressed.cryptosoft Scam
Who invented the cryptosoft Auto Trading Platform?
We have a tendency to dug into the complete’s history to understand how cryptosoft was created. We revealed that a team of software engineers and cryptocurrency traders are accountable for the creation and launch of cryptosoft. The founding team continues to be managing the auto trading platform and they are professionals. We have a tendency to interacted with some members of the team and can state here that there are plans to create cryptosoft even more profitable for investors.
How cryptosoft works
We set to check the auto trading system to identify how it works before continuing with the creation of an account. My team discovered that the cryptosoft uses an operational model like alternative outstanding auto trading platforms for cryptocurrency like Bitcoin Rush, and Bitcoin Loophole. You'll scan our reviews for these 2 auto trading software on our website. The system is majorly about shopping for the cryptocurrency at an occasional price and selling when the price rises. It sounds extremely straightforward, but the cryptocurrency market is very vast, and it's not simple to follow all the market trends manually. This is often why we tend to have made the switch to use auto trading robots that can create additional cash from the cryptocurrency market, compared to trading manually. When the trading robot detects a probably profitable transaction, it acts independently to pick out and secure the transaction for the investor whose account and funds are used for trading. The transaction is held until the value of the cryptocurrency that has been bought rises; it can then be sold to create a profit
The developers of cryptosoft have created it straightforward for everybody to speculate and start creating cash with the system. They have set the minimum deposit on cryptosoft at an occasional price that's cheap by many people. We have a tendency to are happy regarding this, with as low as $250, anyone can start leveraging the live trading system to form money from the cryptocurrency market.
We tend to discovered that each one the transactions done on cryptosoft are in real-time. My team was happy regarding this because it gives us additional advantage to closely study the system and confirm how reliable it is. In the subsequent part, we tend to have written about our expertise, starting with the creation of a brand new account, that we have a tendency to needed to test the live trading features on cryptosoft.
How to urge started with cryptosoft
We have a tendency to had already scan about the quick and pleasant expertise alternative users had while gap a replacement cryptosoft account, thus we have a tendency to were ready for it, and they were right, we have a tendency to created and registered a new cryptosoft account in less than five minutes.
The registration method on cryptosoft is thus quick because only some details are requested from the user. We tend to only needed to finish the registration form by providing a user name, email address, and phone variety. Next, we tend to created a password and clicked on the submit button to begin the account verification method. Verification lasted only a couple of minutes, and we have a tendency to were set to use our new cryptosoft account.
We planned to start tiny, that may be a sensible plan for new investors. We tend to deposited $250 into our new cryptosoft account. It absolutely was straightforward, all we tend to had to try to to was select a payment choice, and click on the transfer button.
cryptosoft offers users a likelihood to watch how live trading is completed with the demo feature. It shows the exact method, but there's no risk because real cash is not involved when you utilize the demo feature.
We tend to were excited concerning our 1st live trading expertise with cryptosoft. The auto trading system allowed us to line trading limits. This is a stop-loss feature that prevents an investor from losing all their funds within the market trends flip negative. The live trade session started with a click on the button.
We tend to let the robots trade for concerning vi hours; this gave my team enough time to check how it works. We tend to will ensure that the trading robots perform quick transactions, abundant faster than experienced traders can do throughout manual trades. That's how the system secures the best cash creating opportunities for the account owner using the live trading feature.
We had a beautiful time using the live trading feature, our first trading expertise ended with the system creating us richer. Yes, we have a tendency to created a profit without doing any work.
Note: We encourage beginners to use the demo trading feature. It shows how the system works and provides you a chance to review the method of live trading without the employment of real money.
Features of the cryptosoftTrading Platform
The payout system on cryptosoft calculates the users’ earnings and credits their cryptosoft account accurately. We have a tendency to checked to ensure that our funds were paid correctly into our account balance. There were no issues. The high success score on cryptosoft increases the chances of making thus abundant money after every live trading session.
The cryptosoft verification system is quick and efficient. It is a nice feature, the verification system prevents errors whereas making a brand new account, and it stops bots from using cryptosoft to trade coins in the market.
cryptosoft has an spectacular withdrawal method. Whereas many different trading robots require weeks to process withdrawal requests, our deposit was transferred to the checking account we provided within 24-hours. This can be great news for investors who might want fast access to funds when earning with cryptosoft.
The payout system takes a proportion from the profit an investor makes when a live trading session. This is how the house owners of cryptosoft create cash to manage the auto trading system
A section of the official cryptosoft website has been dedicated to that includes testimonials from happy investors who are making a heap of cash from the cryptocurrency market. We felt therefore happy reading this section of the site. It continuously feels smart to know that many people are changing into financially free with the utilization of good technology.
The customer service is offered 24/seven; this is often such a smart plan as a result of there are investors from completely different parts of the globe who may want to contact the client support team from regions with different time zones. We have a tendency to used the customer service feature; the response was fast and terribly helpful.
A new cryptosoft account can be created and verified in minutes. The account creation process on different trading platforms could take up to a week before approval.
It's absolve to open an account, and therefore the system is transparent. Many platforms for trading robots charge for everything from gap accounts to making a deposit.
Everybody will use the auto trading robot; the features are straightforward and user-friendly. The advanced systems on other trading platforms will cause users to make mistakes and lose cash.
The possibilities of earning a profit on all transactions are high as a result of of the efficient and quick trading robots. It's troublesome to establish the potency of the trading robots, that creates risks.
cryptosoft offers its users access to twenty fouseven customer service. The client service is mostly unreliable.inner
five. Use client service. The customer support team is usually prepared to help, please avoid guessing and use the customer support system as typically as necessary.
These are tips from experienced cryptocurrency traders. You can begin your experience with auto trading platforms for cryptocurrency the right approach and begin earning by following the following tip
We have a tendency to encourage you to go to our bitcoin robot page to read concerning the opposite automated cryptocurrency trading platforms we have tested and reviewed.
While reading about cryptosoft on-line, we have a tendency to saw many claims concerning endorsements by celebrities such as Gordon Ramsay, Elon Musk, Peter Jones, and many others. Interestingly, we conjointly found claims that recommended cryptosoft has been analysed and supported by the hosts on well-liked TV shows such as The Shark Tank, The Dragon’s Den and also the Morning Show. We needed to confirm this data as a result of there were no indications of any celebrity endorsements on the official website. And we were right; these claims are all false and should be
cryptosoft has not been endorsed by any celebrities or TV shows. The false claims are posted online by affiliate marketers who are making an attempt to drive traffic to their sites.
Based on our experience with the cryptosoft auto trading platform, we tend to can ensure that each investor will become terribly rich with cryptosoft. The trading platform is legit and absolutely registered. cryptosoft is offered in over 150 countries, and thus several investors are earning as high as $one,500 every day. We tend to have tested the options of cryptosoft, and it works perfectly. We tend to made a profit during the live trading session and withdrew our earnings while not any problems. cryptosoft is accessible via the browser on a smartphone, laptop, or desktop pc. The positioning is secure and easy to use while not any specialised talent. We tend to advocate cryptosoft to everybody as a result of the auto trading platform has been designed with easy features that folks will use while not any formal traini
Yes, you'll, the trading robots do all the work, and every one you need to try to to is create a deposit. There are investors who build as abundant as $1,five hundred each day. There is therefore abundant money to create from the cryptocurrency market.
How long should I use the pc throughout a trading session?
You might pay 20 minutes or less every day, all you wish to try and do is activate a live trading session and stop the session with a click. You'll be able to stop the session when you are satisfied with the profit earned that day.
The traing robots work with an intelligent system and algorithm that lowers the potential market risks. This can be why traders are now using trading robots rather than manual trading ways.
nce a person starts using the Ethereum Code, he/she does not have to employ any other technical indicator or strategies of their own since the application takes care of the rest. All that one has to do is routinely monitor the performance of the bot and see that the trading parameters that had been set beforehand are left as they are.ditionally, the video also carries a message from Marc Weston, the CEO of Ethereum Code, in which he speaks about the core idea underlying the product. In his own words, the idea to create Ethereum Code came to him after he started talking to one of his office colleagues who had been able to amass quite a massive fortune by investing in Bitcoin at the turn of the last decade.submitted by cryptoerapro to u/cryptoerapro [link] [comments]
Let's review Ethereum Code bot and see if the automatic cryptocurrency trading platform is a scam or it is a legit software program that can truly produce real profits.
ditionally, the video also carries a message from Marc Weston, the CEO of Ethereum Code, in which he speaks about the core idea underlying the product. In his own words, the idea to create Ethereum Code came to him after he started talking to one of his office colleagues who had been able to amass quite a massive fortune by investing in Bitcoin at the turn of the last decade.
Let's review Ethereum Code bot and see if the automatic cryptocurrency trading platform is a scam or it is a legit software program that can truly produce real profits
ame of Marc Weston. In his own words, prior to creating this novel trading bot, he worked as a backend staff member for a number of different multinational software corporations. However, he then decided to ditch his 9-5 career in favor of becoming a full-time crypto trader. Whether or not the validity behind Marc Weston is real or not remains to be seen as there is not much information made available to research more about his story and credentialsStep 1: Account Creation
As with any exchange platform. Ethereum Code also requires users to create their personal trading account. To do this, one has to click on the ‘start now’ button located at the top right side of the app’s landing page. Following this, users need to fill out their details (such as name, email address, country of residence, etc).
Before submitting any money into the app, users are provided with an opportunity to run a full trial of the algorithms that govern the trading bot. In order to do this, all one has to do is go and click on the “Go to Demo”. Following this, the platform will automatically take you to a simulation zone where you will be given $1,500 worth of virtual funds. These funds can then be used for trading in real-life market conditions without any risks. The entire process is quite simple and it is recommended that the bot be left to do its thing for a period of at least 30 to 45 minutes.
Once the aforementioned demo trading phase has concluded, users can proceed to deposit funds into their personal Ethereum Code accounts (given that they are satisfied with the overall efficacy of the platform first). In order to make a deposit, one has to click on the “Go to Live” button and then proceed with the deposit. Once the process has been initiated, users will be sent a message from the app’s admin staff. The entire process is quite streamlined but a deposit can take a few days to execute
Step 4: Start the Trading Process
Once all of the initial formalities are done, users can start using Ethereum Code by simply clicking on the red “Off” button under the “Auto Trading” tab. As soon as this is done, the app starts to source out the best available trade opportunities available at that given moment.
What Makes Ethereum Code Bot Better Than Others?
While none of this is factually provable upon reviewing The Ethereum Bot trading service, here is what the official website claims:
(i) Easy to use: When compared to a number of other similar products available in the market today, Ethereum Code is extremely simple and straightforward to use
(al any details related to their credit/debit cards or Paypal account.
As a quick recap on the trending automated cryptocurrency trading software platform, let's answer the most pressing questions about Ethereum Code Bot
A: The Ethereum Code Bot claims to be an automated trading software that analyzes current trading trends in the market using a state-of-the-art algorithm that automatically makes trading bets on your behalf. The accuracy, legitimacy and veracity of the Ethereum Code is largely unproven and unfounded despite the numerous claims of producing real results and profits for users.
A: According to the official website, the Ethereum Code trading bot says the sky is the limit about profits it can earn for traders. Depending on the initial amount deposited, users are expected to earn daily profits which is all outlined in the members area. While the Ethereum Bot makers boldly state and would like to have you believe thousands of dollars are possible a day, it is likely not a reality for the majority if any. However, one might suspect some profit is available given the glorification of their trading bot software but it is a buyer beware opportunity to say the least. High risk, medium reward is possibly another way of putting it.: Apparently this amazing auto-trading bot is free to use for all users. It is unclear how much the full Ethereum Code software service price is despite being free to
While there is never a magic software that can help investors get rich overnight, Ethereum Code seems to be a risky yet semi-legit tool that can allow users to maximize their crypto returns in the easiest, most hassle-free manner possible.
To start making use of the ‘ground-breaking, automated cryptocurrency trading application', all one has to do is go to the official company website and follow the instructions that have been outlined there. The entire process is quite simple and should not take more than 10-15 minutes to complete. Just beware of the inherent risks in using an automated trading platform and service, as either are capable of failing and disappearing overnight.
From using the actual Ethereum Code bot trading service and it being a scam to losing money on its automated investments, either are both possibilities that everyone should keep in mind if opting to try the Ethereum Code. There are other opportunities that may fit the scope of what your goals and needs are in terms of generating cryptocurrency profits like The Investment of the Decade and Crypto Income Quarterly that may be exactly what you are looking for versus using the automated crypto trading bot service, the Ethereum Code.
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CRYPTO TRADINGbitcoin code Review:Is It Trustworthy Or Is It A Scam?With the automated trading software, bitcoin code, you can now trade Bitcoin and other cryptos profitably. Browse this honest and unbiased review before you invest.AvatarPublished four month ago on April 08, 2020By Daniel Reggio
If you're fascinated by trading Bitcoin, chances are that you've got come across multiple trading platforms that promise the simplest trading expertise, and bitcoin code might be one in all them.
You have in all probability heard of stories regarding folks who have made tons of thousands of dollars and even millions, by investing in Bitcoin and different cryptocurrencies. However, there's a need to exercise caution because one can still make losses or maybe lose your money to scam brokers. That's why it is necessary to determine whether or not the broker or the software you would like to use is legitimate or a scam, so our review of bitcoin code.
Let us study what this powerful automated cryptocurrency trading software has to offer.
An entrepreneur and software developer known as Steve McKay developed bitcoin code, and his goal was to create a system that traders from all over the globe might profit from. He aimed to deliver a universal trading software that will permit investors to profit from the cryptocurrency market. He based the algorithm for the Bitcoin trading software on trends that are common within the stock market and also in the cryptocurrency market.
McKay’s software will predict global market trends through its combination of advanced technology and massive volumes of information. It is additionally designed to handle fast transactions therefore that it will exploit sharp declines and will increase in cryptocurrency prices. In addition, its automated mode ensures it can enter and exit trades on behalf of the trader, while not any human intervention.
bitcoin code is advertised on its web site as an avenue for traders to achieve financial freedom since it is able to deliver a high success rate. Even the testimonials listed on the web site feature people who claim to create thousands of greenbacks on a daily basis. Mckay says that the bitcoin code software managed to get more than $18 million in profits inside the first six months once it commenced operations. Thus, with so several positive reviews and promises to make real profits, the large question is – Is bitcoin code your best bet when trying to form some real cash off Bitcoin and other cryptocurrencies?
bitcoin code is a Bitcoin trading software that's designed to assist investors to take advantage of investment opportunities within the cryptocurrency market. The software has inbuilt bots that monitor cryptocurrency price movements and then notifies investors thus that they'll use the lucrative trading opportunities.
bitcoin code already has thousands of active accounts, which means that that several people are using it. This Bitcoin trading service is additionally accessible across the world. It is rapidly becoming fashionable mainly as a result of it offers a system that is straightforward to be told, so providing a sleek trading experience even for brand spanking new traders. That is, even if you've got never traded online before and you have no expertise in the monetary markets, with the bitcoin code software, you can profit from trading cryptocurrencies. The platform additionally offers investors the option of trading manually or automatically. In addition, the trading software is also ideal for people who need to trade full-time not solely as a result of of the two options of manual and automated, however additionally as a result of it is fully capable of handling transactions quickly and accurately. The end result is profitable trades enabling a trader to earn a gradual income.
The automated choice of the bitcoin code means that that the system takes over the investing method on your behalf, which suggests that that you'll watch it make profits in real-time whereas you go about doing different things in your life. You might even be fast asleep, and bitcoin code will open trades for you. Another issue that makes bitcoin code quite an enticing software is that it achieves a high winning ratio at additional than ninety% on the automated mode. This makes it ideal for anyone that wants to earn some passive income from the cryptocurrency market.
The Signup Process – How To Open An Account With The bitcoin code
bitcoin code’s signup process is kind of straightforward as half of its goal of attracting additional users. Opening an account is totally free, therefore you can open an account while not depositing money at initial since it has a demo possibility. The trial account allows you to trade with virtual money, which can not be withdrawn, but the conditions are like those in an exceedingly live account.
Dieser Bitcoin Trading Bot arbeitet mit 8 Börsen. Die Pakete kosten 19, 49 und 99 USD. Es gibt einen kostenlosen Probemonat für alle Pakete zum Ausprobieren der Trading Software mit diesem Link. Art: Mitgliedsbeitrag; Kosten: 19, 49 und 99 USD pro Monat. 3) apitrade.pro. Dieser Arbitrage Bot aus den USA ermöglicht den Arbitrage Handel zwischen verschiedenen Bitcoin Börsen. Die Nutzung der ... Automated Crypto Arbitrage Trading The cryptocurrency arbitrage bot that allows you to exploit price differentials between exchanges. Start here. Platform features include . Smart strategy design Create your arbitrage trading strategy with just a few clicks. Ready-to-go paths Select from predefined arbitrage paths based on successful backtest results. No downloads needed With cloud-based ... Now, a trading bot is basically a piece of software that has been designed to analyze the cryptocurrency market trading data. Once you acquire one, you are required to customize it to your preferences. Afterward, the software will analyze the market on your behalf and will trade automatically. In this piece, we go through some of the best Bitcoin Trading bots available. But before we start on ... Build your own or rent a trading bot in minutes. Try 7 days for free! Automated trading bots in the cloud. No software installation required. We rent servers for you. Support for all major Bitcoin exchanges. All major crypto-currency exchanges are supported for both backtesting and live trading . Strategies Marketplace. The place where trading strategies can be bought and sold. Backtesting ... Best Bitcoin Trading Bots in 2020 – Automated Crypto Trading Guide (October 2020 Update) Felix Küster October 6, 2020 22. Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their ...
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