• Breaking News

    Tuesday, October 12, 2021

    Crypto Currency Markets Google Play integrates Bitcoin payments as BTC marches to new all-time high

    Crypto Currency Markets Google Play integrates Bitcoin payments as BTC marches to new all-time high


    Google Play integrates Bitcoin payments as BTC marches to new all-time high

    Posted: 12 Oct 2021 09:13 AM PDT

    Coinbase to launch NFT marketplace - are they taking on OpenSea?

    Posted: 12 Oct 2021 10:46 AM PDT

    Crypto as an Option to Pay for an Airline Ticket in Venezuela

    Posted: 12 Oct 2021 08:56 AM PDT

    Bullish signals for Adult Cryptos, Onlyfans is no longer the leader in the adult content atmosphere.

    Posted: 12 Oct 2021 10:17 AM PDT

    Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News

    Posted: 12 Oct 2021 10:33 AM PDT

    Crypto as an Option to Pay for an Airline Ticket in Venezuela

    Posted: 12 Oct 2021 08:43 AM PDT

    SHIB has been a top gainer for 7 days in a row

    Posted: 12 Oct 2021 11:52 AM PDT

    Coinbase is entering the NFT world and will launch its NFT platform soon | Bitcoin News 13/10/21

    Posted: 12 Oct 2021 09:53 PM PDT

    Russia is not Going to Follow the Footsteps of China

    Posted: 12 Oct 2021 09:51 PM PDT

    Coinbase Joining the NFT World, Soon to Launch its NFT Platform

    Posted: 12 Oct 2021 11:56 AM PDT

    Russia is not Going to Follow the Footsteps of China

    Posted: 12 Oct 2021 09:33 PM PDT

    Crypto Price Alerts for Traders -- cryptosight.com

    Posted: 12 Oct 2021 11:24 AM PDT

    Built a real-time crypto price alert site for crypto traders and developers. You can customize alerts based on Exchange price, Trade quantity, Liquidation, Funding rate, Open interest, new listing, and Technical Analysis. Once your alert condition is reached, you can receive notifications via Popup, Email, Telegram, Web push notification, and Webhook callback. If you are a developer, try REST API and WebSocket to get real-time data to supercharge your bot or app.

    The site is still under development and needs a lot of work. I will be adding more new features in upcoming updates. If you have any questions or feedback, please let me know.

    Technical Analysis

    • CCI 20 Overbought (+100)
    • CCI 20 Oversold (-100)
    • CCI 20 Extremely Overbought (+200)
    • CCI 20 Extremely Oversold (-200)
    • EMA 12/26 Bullish Crossover
    • EMA 12/26 Bearish Crossover
    • RSI 14 Overbought (70)
    • RSI 14 Oversold (30)
    • RSI 14 Extremely Overbought (80)
    • RSI 14 Extremely Oversold (20)
    • MACD 12/26/9 Bullish Crossover
    • MACD 12/26/9 Bearish Crossover
    • SMA 50/200 Bullish Crossover
    • SMA 50/200 Bearish Crossover

    High Low Alert

    • Price greater than 1 Hour High
    • Price lower than 1 Hour Low
    • Price greater than 4 Hour High
    • Price lower than 4 Hour Low
    • Price greater than 24 Hour High
    • Price lower than 24 Hour Low
    • Price greater than 7 Day High
    • Price lower than 7 Day Low
    • Price greater than All-Time High
    • Price lower than All-Time Low

    Condition Alert

    • Price greater than
    • Price lower than
    • Trade greater than
    • Liquidation greater than
    • Funding Rate greater than
    • Funding Rate lower than
    • Open Interest greater than

    Exchange Alert

    • New Symbol List

    https://cryptosight.com

    submitted by /u/hawooni
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    NFT ticketing - an introduction to GET

    Posted: 12 Oct 2021 12:09 AM PDT

    NFT ticketing - an introduction to GET

    Introduction

    This is in short what GetProtocol is and what it does: GET offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue admission NFT tickets in an honest and transparent way, ending scalping and fraud!

    Users

    Ticketing companies that run on GET:

    GUTS tickets

    getTicket

    Wicket

    Tectix

    Flockey

    Djebber

    Defy Tickets

    YourTicketProvider

    Eticketablanca

    And many more to come!At the time of writing close to a million tickets have been sold using Get Protocol:

    https://preview.redd.it/oi3ud7f9yys71.png?width=1298&format=png&auto=webp&s=af3ed3ff481441b417766dcb186701cac9437a87

    Integration

    For ticket issuers there are 2 ways of integrating the GET protocol: either through the whitelabel or the digital twin.

    https://preview.redd.it/vwy6rdjayys71.jpg?width=900&format=pjpg&auto=webp&s=ccea04d2d1754e45397e9bb014fcb7bb433aa323

    The whitelabel integration offers a full ticketing backend, a ticketing frontend, a website, app, ...This can be used by anyone who wants to set up a new ticketing company from scratch or by existing ticketing companies who want to improve their current system.The digital twin on the other hand aims to be used by existing ticketing companies who don't wish to overhaul their existing ticketing system but wish to issue digital NFT tickets.

    Integrating an existing ticketing company is a low investment move that offers traditional ticketing companies several benefits. That is why I expect many to follow and GET to scale quickly.

    Benefits

    When ticketing companies decide to use GET protocol they get several benefits by making their tickets dgital:

    1. the tickets can't be scalped or frauded with. This is a big problem in the industry right now. Bots buy up tickets for popular events and resell them for 2x,3x,5x and more the original price. These scalpers make profit while adding 0 value in the process.It's a waterproof system, like popular Dutch comedian Jochem Myjer tweeted (for the non-Dutch speaking: he's saying that not one of his tickets has been resold for a bigger price on "the black market" since he's selling his tickets with GUTS).This is how GET solves ticket scalping
    2. Crowd control
    3. Extra marketing tools
    4. Interaction with the fans
    5. Dynamic price setting
    6. Tickets as NFT collectibles
    7. Revenue on every ticket resale (a royalty split can be programmed in the NFT ticket)
    8. DeFi event financing

    And much more...

    https://preview.redd.it/2tqeqbxbyys71.png?width=854&format=png&auto=webp&s=cfb3af98dfd37175b28f038dc915c39c00f3822b

    https://preview.redd.it/8ydns1ybyys71.jpg?width=2040&format=pjpg&auto=webp&s=1450c34b13bfb24e75b17db805b9beb84f081107

    Expansion

    Here are some of the countries Get Protocol has recently received requests from:

    https://preview.redd.it/6hwlqx6dyys71.png?width=725&format=png&auto=webp&s=38d41cae7998293e933f845a59f9685ee6258afd

    We'll inevitably soon see GET fueled tickets being sold on every corner of the globe!

    Tokenomics & DAO

    Now what does this adoption mean to the tokenholders? You can compare GET to a gas that is needed to fuel the protocol (for every ticket interaction GET is needed).

    https://preview.redd.it/l71nmsvdyys71.png?width=480&format=png&auto=webp&s=cbd0c40b363b3514147e8603c016fa55eb396037

    The endgoal of GET is to become open source. There will be a governance model where changes to the protocol will be determined by GET token holders through the DAO (decentralized autonomous organization)). That's why I expect ticketing companies to acquire a lot of GET in time as their revenue relies on the direction of the protocol.For every ticket sold GET is bought from the open market and sent to the DAO. The DAO is controlled by the token holders and they determine what happens with the bought GET (burned, distributed in the form of staking rewards, ...). So GET is making revenue/profit and the token holders decide what happens with it!

    Ticket explorer

    On the ticket explorer you can watch NFT tickets being sold in real time. You can also check the lifecycle of your ticket and everything it went through (including the price).

    https://preview.redd.it/tjz6v50fyys71.jpg?width=1179&format=pjpg&auto=webp&s=c91a018cd47b1d165269691b0efe0d266e400c3c

    https://preview.redd.it/nqz2k70fyys71.jpg?width=1231&format=pjpg&auto=webp&s=04172c54491aea86c51cd74afde339c6988f57da

    https://preview.redd.it/m6qs8o0fyys71.jpg?width=1229&format=pjpg&auto=webp&s=b07d3f20c2ac04296237d5aed8bb34f1cb65ce0b

    https://preview.redd.it/or31ij0fyys71.jpg?width=1227&format=pjpg&auto=webp&s=1d2a447ef07b9edf85a702cacd9706e76680176a

    Another great feauture is the abbility to claim your ticket as an NFT collectible. Just as I believe that paper tickets is something that we'll only find in museums in the not so distant future, this is what the fridge of a ticket collector will look like:

    https://preview.redd.it/v2n3jmrfyys71.jpg?width=870&format=pjpg&auto=webp&s=536f1eb82f8dfc5bd73f950daddc5ac1b6eac0f7

    The future of ticketing, happening right now!

    submitted by /u/Adnanzzz
    [link] [comments]

    Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News

    Posted: 12 Oct 2021 10:56 AM PDT

    TikTok's first NFT auction, for Curtis Roach's 'Bored in the House', has started. Running on Ethereum L2 platform ImmutableX

    Posted: 12 Oct 2021 08:30 PM PDT

    Polygon, BSC, Ethereum Nodes API for dApps: Next Big Thing?

    Posted: 12 Oct 2021 07:58 AM PDT

    Crypto101/DeFi101: Why DeFi Is More Than A Ponzi Scam

    Posted: 12 Oct 2021 04:22 PM PDT

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)

    TLDR:

    DeFi is still in its early stages and it is still risky. There are scams here and there. But we should not use a few black sheep to define the space as a ponzi scam. DeFi will develop further in the future with better testing. And it is clear that its potential will develop very quickly later.

    DeFi is innovating fast. We should analyse and exploit the strengths. Scam projects will still emerge. Our continuous education and knowledge will help reduce that.

    Get smart: DeFi is not exactly a Ponzi Scam, it is still evolving and will have limitations in it.

    Get smarter: The growth potential of DeFi is huge, we see the traditional financial system, the governance system is very ineffective. Thing resources are under-utilised and expensive. DeFi is trying this problem and if it succeeds it will be revolutionary.

    General Conclusion

    Some people claim that DeFi is a scam ponzi because there are a lot of pumps and dumps. Everything on Twitter is shilling all kinds of different projects. Now there are a lot of risks involved, and the projects are not fully audited. So a lot of people are wondering this is a ponzi scam of part of the innovation cycle.

    In this article, we will tell why DeFi is more than just a ponzi scam.

    We cover 3 things today:

    1. Why DeFi feels like Ponzi
    2. Why DeFi is not Ponzi
    3. Future of DeFi.

    When talking about DeFi here, we are referring to the general ecosystem and not a single project, because the ecosystem is doing quite well in general.

    Sure, there are some systems around the world with plenty of scams. This includes traditional financial market. But you cannot discredit the entire system because of a few black sheep.

    DeFi is a new system and industry. There will be a few scams coming out but you cannot define this for the entire ecosystem, which is doing a lot of good and interesting things.

    DeFi and Ponzi

    If you google the keyword "DeFi and Ponzi", you can see a lot of articles saying that DeFi is like Ponzi, just another name called, DeFi is basically ICO 2.0 where people are pumping and dumping, whale manipulation, etc.

    What it feels like: Everything is just memes and a joke. Is this even serious? Why do I have to join? How is this legal and how can people make money? Projects with 100% APY; where does the money come from and why is it valuable? People just swapping or trading tokens together, but it was in a circle, a pyramid scheme.

    What it actually is: Liquidity Mining (Synthetix) and Yield Farming (Compound) are ways to bootstrap growth and to reward a decentralised community to take ownership of the protocol. High rewards for risk takers in the early days is rationally sound. And when payout for the risk takers happen all at once, it feels like the APY is insanely high.

    Why DeFi is not Ponzi

    1. Grow the Pie

    Answer the above question briefly: this is not necessarily true. If you look at the distribution of the entire economic value as a pie, a ponzi scam is where you are extracting value every time someone is coming in. This means that the pie doesn't change much, you give your money to someone else to receive new tokens.

    DeFi is like the pie, that keeps growing. There are many projects/protocols under construction, such as lending protocol, Dex protocol, portfolio asset management protocol, etc. They're in beta testing in this early stage and they do not try to capitalise on the entire financial market which is a big field.

    Each DeFI tries to do well with a specific purpose, they are like small lego blocks, combined together to create various different products. This is composability, the protocols can interact with each other and make the pie grows. Just like in order to make a delicious pie, we have to add more kinds of fillings. This is why it is so interesting and exciting.

    On the protocol side, the protocols with all these little ecosystems and applications whose own community can grow by interacting together.

    With the platform which is pretty neutral because they are technology, the added value from connecting buyers and sellers. If we look at economics, this is supply and demand, and they only make sense when there is equilibrium and interacting together.

    The protocols/applications are trying to build to the playing field, from which suppliers and buyers can come to interact with each other. The more interactions, the more economic value added is created and the pie keeps growing.

    2. Experimenting with New Business Models

    According to the economics perspective, if you observe the previous business models, it is usually one-sided. Going back to the above example, if I make a cake, you go to a bakery and buy it, there is nothing more I can do like asking a few people to try a new or similar flavour. Supply and demand are still very dependent.

    However, when we look back about 10 years ago, a new business model emerged called the platform. We have Amazon, AirBnb, Uber, etc. which provide the technology to connect the two sides of the ecosystem together to transact. This creates a lot of economic value.

    Suppose I am an economist, the question is: how to quantify the economic value created? We can then calculate metrics like GDP, because it represents the growth of a platform.

    With these values, you can calculate the value-added with all of these transaction fees. But there is a lot of intangible value being created in the ecosystem, which is connecting two sides of the platforms together for easier interaction. By reducing transaction costs, it increases economic value. This is what an economist observes and we are working on it. Specialities focus on the digital economy and how to compute them.

    I realised that what we are doing with native tokens is considering how valuable they are to the ecosystem. Tokens can have a lot of utility and represent value. More specifically, these tokens are representing the value of some ecosystem.

    That way, we are assigning a monetary policy value to the economies that the system is creating. And we can calculate metrics, like GDP. All of the above gets interesting.

    3. New P2P Incentive Models

    We are developing new p2p incentive models. One thing about decentralised finance as a whole is the complete elimination of middlemen. Instead of centralised power in one person/place, they are distributed equally to everyone. Now, we have more money to be distributed, instead of sending them to intermediaries. In traditional finance, for example, a public initially listed on a stock exchange must go through banks and pay them an expensive fee, but these are eliminated in decentralised finance, where those companies can list their tokens on dexes, provide liquidity, and lots of other incentives.

    This is very interesting. We are phasing out intermediaries that are stealing a lot of money. But the bad thing is we have a lot of money not distributed: how do we allocate them? How do we reward the right types of people?

    I would say that these will keep moving forward because we realise that capitalism does not work so much anymore and is not going to be sustainable in the long-term. That makes us look forward to new paradigms of capitalism, like social capitalism kind of thing.

    We need to have lots of new p2p incentive models and the best place to test is DeFi which has liquidity farming, yield farming, etc. For these interesting mining and incentive mechanisms, we are trying to try many different incentive mechanisms and create many interesting future mechanisms.

    Future of DeFi

    There are two things that we see in DeFi's future:

    1. On-chain Financial Experiments and Mechanisms to be used in TradFi
      The first thing we are seeing in DeFI right now is that you don't have many transactions in the real world. That goes back to my point of the whole GDP accountability because we are trading nominal value, not much real value transactions since you exit the crypto space and transfer the money to the bank.
      Right now, everything is still within the on-chain sphere. DeFi's future is to allow these experiments and experiences to interact within the off-chain world. Because the off-chain world is very ineffective (like the financial system, the governance system, etc.).
      What we are trying to do now is to run all these little experiments/tests. If it works in on-chain well, we can extend to the off-chain world, creating a bridge to connect the 2 worlds. This is really interesting.
    2. Economic Valuation from Ecosystems
      Second, we can now more easily calculate the economic values generated from specific individual ecosystems, while also moving them off-chain world and account for them in a much more equitable way. It leads to governance which has better resources/data points to be accounting for all these different changes in the world.

    Conclude

    Here is a quick summary of the Ponzi Scam and DeFi and I would say that not all DeFi platforms are Ponzi Scam. One of them could be a scam and you need to check it out carefully. For non-scam projects, they are fun experiences. We need to learn to understand how it works and explore what kind of experiments capital allocation and governance system that could be.

    Honestly, I am going to tell you that there is so much economics literature out there, talking about the technical and the academic aspects of all these experiments, but we never really had a chance to explore them. There are a lot of interesting monetary policy mechanisms in academic papers, but we don't really use them. We have a lot of dynamic variables in DeFi space and we can test these experiences.

    In fact, in the economics space, a lot of people are experimenting with many different theories on DeFi and if it works which will lead to a huge change and bring DeFi even more powerful. Their users also become part of DeFi's future development. An example of a testnet is the experiments of crypto and crypto itself is the experiments of the off-chain world. This is super fascinating and now one of the best times to be.

    submitted by /u/economicsdesign
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    Cardano Is In Accumulation Phase Right Now! ADA Will Explode!

    Posted: 12 Oct 2021 01:56 AM PDT

    EVERGRANDE’S SAGA IS A WAKE UP CALL FOR INVESTORS TO CONSIDER DECENTRALIZED MARKETS

    Posted: 12 Oct 2021 07:55 AM PDT

    Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’

    Posted: 12 Oct 2021 08:26 AM PDT

    Analysis of Top 100 Cryptocurrencies (12 Oct 2021)

    Posted: 12 Oct 2021 09:56 AM PDT

    UniSync: a port of Uniswap V2 on the zkEVM

    Posted: 12 Oct 2021 07:39 PM PDT

    Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’

    Posted: 12 Oct 2021 08:18 AM PDT

    Sifchain is Another Up and Comer - But How Are APYs so High?

    Posted: 12 Oct 2021 01:36 AM PDT

    One protocol I haven't really been watching till recently is Sifchain.Sifchain is one of the easiest and most seamless ways to transfer crypto from one EVM chain to another, or from Cosmos to Ethereum and vice versa. No one else can do this yet! And it's super easy to use too, relatively. But they are offering something around 800% APY to 5000% APY from what I've seen...how is that possible?

    Definitely going to start staking now that their rewards are online. (Learn more here: https://twitter.com/Sifchain/status/1441942487036137473?s=20 ) The rewards are good and definitely more stable, imo. But does anyone have insights to why pooling provides such amazing APYs with them?

    submitted by /u/dolphins61
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