Today, more than a thousand projects created by well-known companies from around the world are successfully operating on the digital asset market. And the crypto community in Korea is no exception. The electronic cash of the South Korean company has already become quite popular in certain circles and gaining recognition in this area.
The founders of the startup assure that the main goal of forming the platform is to unite the whole world with one dispersed network of information block chains. The goals are very ambitious, but how realistic it is will be shown in a detailed review below.
This cryptocurrency of Korean origin in its structure is similar to the already promoted projects of blockchain technologies Ethereum or Ark. In this regard, the coin received the nickname "Korean Ethereum". According to the authors of the project, they are aimed at creating a hyperconnection of the whole world, therefore this system is considered as a decentralized network that unites various blocks of information chains.
The resource also provides a platform for smart agreements for individual projects, the connection of startups, assets and other financial instruments.
Distinctive features of this platform are:
Loopchain is an algorithm that sets high system throughput and scalability. In addition, it allows different information chains to interact with each other within the same network in real time.
LFT protocol - this mechanism increases the speed of checking all financial transactions and at the same time minimizes the system hard fork.
SCORE is a technology that is able to adapt to various information chains and activate smart contracts without using a digital machine.
Modular organization - such a design of the resource allows you to launch your own applications, make information exchange, and carry out various financial transfers online. Each level works in its own blockchain, in its own mode, according to its own rules, but at the same time the elements can interact through the platform, which does not interfere with this process.
The authors of the project argue that all these features contribute to the creation of a completely new global technology for the exchange of information. With this system, people do not have to go to several instances to complete the documentation, because all data will be instantly loaded and checked on the network itself, and then transferred to the desired organization.
Any interaction on the site can be created based on such a scheme. For example, firms will be able to transfer files, make money transactions, enter into agreements, and physical users can order and pay for goods and services. It is due to the ideology of the project that so much attention of investors and cryptocurrency companies was riveted to it.
This resource will facilitate financial relations between independent information blocks of chains with different regulatory systems. All ICON transactions are carried out using ICX tokens. In addition, the system can carry out money transfers between different coins, determining their conversion rates via DEX (own exchange office of a distributed exchange).
It is impossible to purchase local currency for fiat funds. In order to make a purchase for real money, you can first buy Bitcoin or Ether, and then exchange them for tokens at the current rate. You can store the accumulated coins on the ICONex wallet.
It is also worth considering that the crypt cannot be mined, since the mining function is not provided either by the system or by the developers. Income for users is available only if the tokens are kept in the account. This is explained by the fact that the project has slightly different goals than similar blockchain platforms. They are aimed at government agencies or companies from the service sector, which will act as holders of electronic coins.
The ICON platform itself operates on the basis of several basic principles that build the systems functioning scheme:
A resource is a union of several blockchain communities, the working conditions and currency of which may differ from each other. That is, standardization and boilerplate are not part of the sites functionality.
Each element of the chain included in the network is called a republican community, and the platform itself is called a republic. This terminology emphasizes the main ideology of the resource - each project can act within the framework of the idea and at the same time independently choose the appropriate conditions for its system, but collective activity is aimed at common prosperity.
Each republican community has its own Community nodes, which can function in a blockchain according to generally accepted norms. That is, each registered client is a node (citizen of the republic).
Citizens cannot manage the information chain, since there are community representatives for these purposes. They are chosen independently by their organization according to their own rules.
The nominated representatives are responsible for confirming financial transactions and communicating with other elements of the system. Such users receive rewards in tokens, the size of the rewards depends on the amount of work done.
DEX is the sites own exchange office, containing a stock of digital cash for each citizen. It allows you to make transfers not only within the community, but also between blockchains.
In addition to these principles, the work of the project is governed by the Loop Fault Tolerance consensus protocol. The algorithm is fundamentally different from previous proof of work or ownership. In fact, this is a system with the principle of delegation of authority, but protected from cyber warriors using Byzantine Fault Tolerance or Byzantine Generals Tasks. The resource was created in such a way that the actions to reach consensus were minimized.
Min Kim is one of the Korean businessmen who is also the creator of the ICON cryptocurrency. In 2017, he and his team of 50 specialists began to create a platform that would be able to unite the most diverse networks of information chains.
At the beginning, work on the resource was carried out in the form of several independent startups, which were aimed at different goals and objectives:
Chain ID is a modern technology, thanks to which you can quickly identify information about an individual, and then reliably protect it from outside interference.
Loopchain - this project formed the basis, because it is its technology that is able to combine several blockchains at once and provide both autonomous operation and interfacing, if necessary, contact with each other.
Thus, the applied mechanisms began to be tested in several insurance agencies in Korea and are actively supported at the state level.
During the ICO, impressive investments were transferred to the disposal of the creators of Ikon. Some of them were spent, and some are still in use today. All spent investments were distributed:
20% was spent on the formation of the digital basis of the site, software and artificial intelligence;
15% spent on activities to develop the industry (costs of organization, administration, etc.);
12% of deposits were required to cover legal, financial and other operating expenses.
10% were written off for paying for the services of other organizations and partners;
8% went to advertising and other marketing of the company;
20% is a reserve for cooperation with the popular Ethereum platform;
15% - in the remainder, will be directed to the development and modernization of the resource in the future.
According to the analysis of cryptocurrency analysts, all funds were correctly distributed, which allows us to use all investments as efficiently as possible. So, all the tasks set are being implemented with varying degrees of success. According to the developers, the network of their platform will soon cover the whole of Korea and Asia, and then it will move to the European market of digital assets.
The ICON cryptocurrency was created with the aim of simplifying cooperation between various organizations, including government agencies in different fields of activity. So, according to the idea, each of the divisions works in its own blockchain, and the digital asset itself acts as the link that unites them. So the site will ensure their interaction and prompt processing of contracts.
Thanks to the resource, people will not need to transfer all the data in the organization themselves, since the system will do it for them. All agreements are processed instantly, and the user is not required to do anything except provide an identification code. Such a system attracts not only investors and the state, but also the clients themselves.
ICON cryptocurrency is quite in demand in the narrow circles of the Korean crypto community. This is explained by the fact that the coin has significant advantages over the background of other projects working today:
Authoring team - startup developers are reputable specialists who have received higher education in the most prestigious South Korean universities. The resource itself is managed by Theloop, which already has 4 blockchain consortia, including the largest in the world - Blockchain Consolidium Financial Investment.
State support is the first coin to receive recognition from the government, which speaks of its prospects and the scale of the project as a whole.
Influential Partners - Ikon supports large investment corporations CM Crypto Capital and Kenetic Capital, as well as Nonghyup Bank of Asia, Korea Healthcare, and IT professionals from the Ripple Foundation. Cooperation with such organizations provides not only support for the startup, but also the growth of the crypto market capitalization.
Integration of technology into brokerage companies, hospitals, banks and universities in the country.
Implementation in distributed applications (Stove, Silkroad, Nucleos Vision).
In addition, the main advantage of the site lies in the ideology - the unification of several blockchain networks. This completely new approach can lead to the formation of a new model of the world economy as a whole, but only if it reaches the global level.
Despite the impressive list of positive qualities, users still have distrust. Thus, the origin of the coin casts doubt on its future. Some analysts argue that the state, in addition to supporting the project, will take control of it and simply will not release it outside the country. Therefore, the world will never be able to see technology in action. Whether the platform will be able to break into the global economy in such conditions is still unknown.
According to financial market experts, the ICON cryptocurrency rate is still in its infancy. Therefore, the ups and downs of quotations are what will be observed in the subsequent period. So, for investors at this stage, it is profitable to make contributions to the project with the aim of long-term prospects. Most of the specialists are confident that a startup has a promising future, since a fundamentally new approach and well-thought-out ideology are already being actively integrated into various spheres of human activity.
As long as the quotes are fluctuating in the range of 1-2 dollars per coin, the income will be small, but with the growth of the price, which will probably be able to reach 30 dollars, it will be easier to earn. This will be especially true if the network enters the world market and gains mass distribution among commercial and government organizations. However, such a full-scale deployment is a difficult aspect, since under strict government control, Ikon will remain a local altcoin, which will affect its market value and position in the industry.
The modern virtual market continues to expand and develop, which is associated with the emergence of new digital currencies. Now financial transactions can be carried out using a personal computer or a conventional mobile device. Today, BitTorrent cryptocurrency enjoys a certain popularity.
Cryptocurrency is a token that has recently caused quite a stir in the market to expand the capabilities of the network of the same name. The key purpose of the coin remains to increase the efficiency of BitTorrent functioning. As a result, the project can provide users with access to a full-fledged decentralized Internet. System developers have such global plans.
The authors propose to use BTT as a universal mechanism for carrying out various transactions in computing resources. The token is the main unit of these financial transactions. Experts note that adding a coin will not only expand the network resource protocol, but also increase the systems throughput.
In the course of the project, developers also want to expand additional services that are related to storage, computing and platform availability. For this, the following conditions are created:
The user has the ability to download resources directly from the creator.
Performers receive tips in cryptocurrency during live broadcasts.
Fans can accumulate contributions through smart contracts. This will really set up crowdfunding for creative work.
Thus, the implementation of any BitTorrent transaction makes it possible not only to get the desired file, but also to make good money on tips. By the way, no transaction fees are charged, and the first clients receive the status of the top uTorrent Classic.
In 2019, token sales are very surprising to specialists. Nobody expected such interest in cryptocurrency. The early days led to such a stir that even the largest exchange, Binance, could not cope with the influx of applicants.
Today, digital currency can be purchased on various exchanges. We identified the TOP 5 most convenient platforms for operations with BitTorrent:
Bithumb is a crypto exchange that features a high level of security, investment diversification, no commission for withdrawals, and excellent liquidity.
Huobi is an exchange with a user-friendly interface, technical analysis tools, and a professional asset valuation system. Here, transactions with the BTT cryptocurrency are carried out in a very short period of time.
CoinSuper has established itself as an excellent platform for trading US dollars and digital currencies. It is also resistant to external hacker attacks, has an intuitive interface, binary options and a simple verification procedure.
BitForex is a universal crypto exchange with simple registration, low commission on financial transactions and a functional commercial terminal. The developers guarantee full protection for all BitTorrent transactions and other types of cryptocurrencies.
Upbit facilitates transactions with high liquidity, makes it possible to replenish the currency deposit with a wide range of altcoins. All transactions on the exchange are protected by a special password, for which the system charges approximately 0.1% of all financial transactions.
These are not all sites where you can buy or sell VTT tokens. You can also use OKEx, Dragonex, Livecoin, Tokenomy or CoinEx. A detailed course of BitTorrent cryptocurrency, ways of storing it and other information can be found on the official website. You can also download the desktop or mobile version of the wallet here. The owner of the company Tron Justin Sun is going to introduce new platforms for storing currency. In Q3 2019, the developers added TRX support to the uTorrent wallet. Special integration of BitTorrent with dApps is starting now. Lets see how such innovations will end at the beginning of the next calendar year.
The project began in 2001, when the creator of the BitTorrent cryptocurrency Bram Cohen wrote a new protocol. It allowed not only to exchange information, but also to quickly distribute it. His program became the worlds first peer-to-peer network. Today there are already several thousand different torrent trackers that still have the same technology. All files are divided into separate parts in the form of fragments. They will need to be connected into a single whole. The user, downloading a piece, sends it to the rest. This is how the system works on the web.
In July 2018, the well-known firm Tron buys a special file-sharing protocol BitTorrent. Now the network is being combined with blockchains. As a result, the Atlas project was created with the BitTorrent crypt. After this merger, several dozen employees resigned in protest. Therefore, now a new team is being formed and a vision of the further concept of the platform development.
The official launch of the cryptocurrency is considered January 28, 2019. On this day, she first appeared on the Binance exchange. The authors were able to sell 60 billion tokens in just 15 minutes, which brought the project a profit of $ 7 billion. Some experts call this ICO the most successful in 2019. Although it is too early to guess, since the calendar year is not over yet.
The authors of the project claim that today BitTorrent has about 170 million customers with 40 percent traffic in processing. Not a bad indicator for such a decentralized internet system. Users can exchange music, movies, books, or upload a variety of files to the platform.
Experts have different opinions about the further development of the platform. Although at the beginning of the year, the system made a lot of noise. The developers are not going to dwell on this further. Now tokens are worth three times higher than during the initial sale. Further change in the course will depend directly on the development of the digital market. But there are certain factors that affect the outlook and pricing of VTT:
The system is actively supported by Binance CEO Changpeng Zhao. Although the Chinese exchange cares more about its assets.
40% of the emission is in the hands of the authors of the project. This can lead to speculation with the exchange rate.
The developers want to increase the number of users to 200 million. But it is not a fact that all of them will take part in commercial operations. Today their number is only 10 million.
The project development strategy is not clearly formulated. Therefore, marketing is aimed only at users who know little about the crypto community.
Support from major trading exchanges remains a positive factor. Thus, the system is more accessible and easier to use.
Some experts, of course, are skeptical about the development of the project, focusing on youth and a large number of problems. They are confident that VTT is overvalued. Trons algorithm is written in Java, which can lead to negative consequences for the network. Many users from developed countries who do not like pirated content are using torrenting less and less. Although this is a controversial statement.
But the outlook could be positive due to a powerful social media advertising campaign. The authors constantly post videos with answers to pressing questions and publish the latest news. It cannot be said now that cryptocurrency was created for financial fraud. In early 2020, it will be seen how the developers will develop the project. In turn, the distribution of tokens will be carried out through the Airdrop. The team plans to give away coins for free for the next 6 years. This process will take place in several stages.
The token was created on the basis of a special TRC-10 standard, which became an analogue of ERC-20 coins. This currency is aimed at practical application, and not at speculation of the rate. It acts as a payment system on the torrent. It is supposed to encourage users who display relevant and high-quality content the most. Moreover, BitTorrent already has a ready-made platform with a significant number of users. Blockchains, in turn, will become assistants in increasing the download and upload speed in the system. Therefore, payment can be received simply in VTT tokens.
These coins, like any type of cryptocurrency, have their own advantages and disadvantages. Lets take a look at the obvious pros first:
Full development of the ecosystem by improving the functionality of the platform.
Help in implementing new approaches in third-party applications. Since the functionality of the system is very light and fast.
The system benefits from stimulating seeds. This helps the constant downloading of different files.
You dont need to pay any commission fees.
The concept of further development and technical documentation are very clearly described. Any user can figure it out.
Thus, the advantages of the system will help you quickly find new users and potential investors. Although there are certain disadvantages that significantly affect the popularity of the crypt:
Updates that have occurred after purchasing Tron do not guarantee an increase in network speed. For example, former employees are confident that the new platform will not cope with the technical capacity.
A mass layoff may not have a very positive effect on the platform. Since the BitTorrent cryptocurrency was created by some developers, and others should support it. This will take some time.
There is a threat of network freezing due to the slow blockchain. The project pursues ambitious goals, for the implementation of which at least 500 transactions per second are required.
Experts do not exclude an artificial increase in the exchange rate. More than 40% of all coins are in the hands of developers.
Cryptocurrency is being promoted too actively, inviting even celebrities from Hollywood. Sponsored posts regularly appear on social networks. They are hosted by people who are very far from the digital market. Such marketing is too aggressive for users.
Therefore, the authors of the project need to pay attention to these disadvantages. Unless, of course, the Tron company uses currency only for regular earnings on young investors.
There is no need for mining on the network, since the developers took the DPoS algorithm as a basis instead of the traditional POW. "Delegates" are selected by a special voting method. They ensure the stable operation of the system, receiving a certain reward for this. Also, bonuses are received by all who voted for them. But the creators have not yet announced the size of the awards.
At the end of January 2019, after the sensational ICO, coins began to appear on the largest exchanges. You could find tokens, for example, on Bittrex, Bithumb, HitBTC. Today Upbit, OKEx and Binance remain the main trading platforms for these tokens.
The market value of BTT is only $ 0.0003 with a capitalization of approximately 59 million (66th place). This is not an indicator that the currency is too popular among users. But experts associate this fact with the youth of the project.
The creators of the platform consider the token as a special third generation digital currency. They plan on Web 3.0 to remove all intermediaries that interfere with direct contact between users. Although at this stage, cryptocurrency is more interesting to developers than to users. Experts believe that closer cooperation with large companies is needed. You also need to organize a powerful advertising campaign that will explain the benefits of the project.
Horizen is a unique technology, the main task of which is to fully ensure the confidentiality of all transactions. The system is based on the Equihash algorithm, which has an asymmetric architecture. The key condition for using the platform is a high level of memory requirements. Application of this principle excludes the use of ASICs.
The Horizen system is coupled with zk-SNARKs cryptography to provide high quality data encryption. There is no information in the transaction regarding the sender, the recipient and the transfer amount. The technology excludes repeated spending. Only the exact time is indicated in the translation specifications.
The modern cryptocurrency Horizen is a decentralized asset that is in high demand in the market. The technology allows to adhere to the complete secrecy of operations. The developers of the project set themselves the task of solving the problem of the confidentiality of transactions and the security of financial transactions. The zero knowledge protocol allows for high-quality data encryption.
The system functioning algorithm is not complicated. The project reliably operates in secure transactions mode. A whole team of professional cryptographers worked on the formation of the proof. The platform is similar in structure to Bitcoin. A feature of the project is the ability for users to independently choose an option (encryption / data protection).
The main advantages of the innovative Horizen system are:
high-quality provision of complete secrecy of transactions;
use of modern mathematical methods. This approach provides high information security;
interchangeability. There are no differences between the coins despite the way they are mined;
wide popularization;
zk-SNARK protocol hides any kind of external transfer data;
reliable protection against inflationary processes due to the limited emission of coins of 21 million tokens;
high prospects for increasing prices.
Recent perspectives clearly demonstrate the use of a digital asset for transfers by attackers. The young coin has unique characteristics that make it popular on exchanges. A technological feature of the cryptocurrency is the presence of additional fields for the DLE XCats categories.
The modern cryptocurrency market is actively developing. Users are offered new options for functional systems and unique applications. Horizen is no exception. The project ideally combines blockchain technology and cryptographic techniques. The best proof of this is perfectly encrypted transactions. Technological characteristics allow the creation of new high-end applications with different blockchains.
The leading technology of the project is zk-SNARKs, which is a special application that has a wide range of applications. The new cryptographic generation is equipped with a zero-knowledge protocol. The essence of the system is to use a secret key without actually displaying it. In this case, no interaction between the verifier and the security check is required.
A distinctive feature of Horizen is its emphasis on improving communication technology. The project developers plan to actively develop the following options:
Conducting confidential translations using functional technologies.
Formation of a secure decentralized network based on existing privacy nodes.
Complete confidentiality of publications. The ability to exchange messages on the network.
The formation of a global site becomes possible due to the launch and modernization of the ZenCash private network, which includes a large number of secure nodes. Each user has access to the function of managing personal data without transferring it to third parties.
There is a close relationship between the IPFS platform and Horizen. This is a major step in technology for the development and launch of a new generation global network. The new system will be based on the principle of complete confidentiality of information.
The innovative system operates using a special Proof-of-Work algorithm. The task of generating new cryptoblocks is assigned directly to the miners. Russian programmers A. Biryukov and D. Khovratovich worked on the development of a unique hashing algorithm. The specialists were tasked with forming a comprehensive protection of hash functions.
All categories of miners have access to 22 official servers, from which digital assets can be mined. The most powerful options are:
Poolin.com. - the resource accumulates more than 40% of the total hash rate;
F2pool.com - the multi-currency pool has a large number of official members;
Antpool.com is the official representative of the production of ASIC devices.
Several years ago, mining of a digital asset was carried out using GPUs. For this, special programs Claymores Zcash Miner, EWBF, etc. were used. In practice, mining rewards on video cards is unprofitable. A more rational option is the zcash algorithm on green GPU modules.
The most efficient for mining coins are ASIC devices, namely:
Bitmain Antminer Z11 - Profit level is $ 3.73.
Innosilicon A9 ++ ZMaster - profitable indicator reaches 3.69 USD.
Total mining income is closely correlated with the price of a digital asset in the market. It is better to purchase special devices directly from official manufacturers. Such equipment is equipped with air cooling systems.
Horizen cryptocurrency has a limited coin tier of 21 million. Due to the confidentiality of the system, it is currently problematic to accurately determine the volume of issued assets. Experts estimate that there are about 7,900,000 coins in circulation. For miners, there is a reward of 12.5 ZEN for the decrypted block. This amount will be constant for four years. At the beginning of October 2020, the figure will decrease to 6.25 coins.
The reward consists of two parts: the reward for the miner and the official founders (10%). Thus, the system developers generate additional funds for the development of the project. If the exchange rate for the digital currency is stable, the top management of the project will receive a cash flow of $ 147 million. Horizen technology has a simple allocation structure, namely:
Founders Award - 10%;
strategic reserve of the system - 20%;
guaranteed income for investors - 50%;
non-commercial expenses of the organization - 20%.
The fundamental difference between the Zerocash protocol is its delayed start mechanism. The structure influenced the mining of the first 20 thousand blocks, which were mined for exactly 34 days.
Horizens cryptocurrency is not backed by foreign exchange reserves or securities. The stability of a digital asset is guaranteed by the market mechanism. The market environment affects the technological value and popularity of a currency. Another important security of the coin is the unique technology for the means of payment. The system operates on the principle of complete confidentiality of transfers and the efficiency of transactions. Horizen cryptocurrency is an excellent alternative to existing banking systems.
Horizen is an innovative space that is completely private and secure. The system is perfect for carrying out financial settlements. The zero-value encryption process provides strong security and blockchain analysis. The process of creating Horizen takes place directly in an ecosystem that includes several elements:
ZenTalk. Registered users can exchange messages on the blockchain without any problems. All messages are directed to a Z-address. AES encryption is in 256-bit format;
ZenPub. Development allows you to publish documentation and create special channels for communication. High-quality file exchange is carried out through the special IPFS protocol;
ZenHide. A functional service is used to effectively combat censorship. The application includes domain fronting.
The platform has two types of transactional processes. Private operations are used to send information GRUnet or IPFS. Open transactions are similar in structure to Bitcoin technology. An alternative to master nodes are secure nodes. Secure nodes successfully cope with the complexity of traffic encryption, blockchain safety and providing high-quality protection for all Zen wallet owners.
The main technological requirements for the system of protected nodes are:
The minimum size is 4 GB of RAM.
SSL certificate.
Balance at 42Zencash.
High-quality monitoring of the communication channel in the SecureNodeHQ format. In the Z-transactions area, messages are received every 600 seconds. Answers are made according to the rules that are spelled out in White Paper.
In 2019, software was successfully developed for Windows, Linux and MacOS. Users have access to the mobile version and the implemented update of the Segregated Witness protocol. The increasing scalability of the network and the development of the next generation blockchain should increase the demand for this digital asset.
The main benefits of Horizen technology are:
complete confidentiality;
there is no way to get dirt on a registered user;
high level of network reliability;
all protocols used are scientifically sound;
high speed of transactions;
convenience of buying coins;
interchangeability.
As of early December 2019, Horizen is priced at $ 5.21. According to the CoinMarketCap rating, the cryptocurrency is ranked 71st. This position in the list is due to the ongoing market correction. The average daily trading volume of the Horizen digital asset in 2019 was $ 18 million. This figure is very impressive. The widespread popularity of the digital asset has been driven by innovative developments in the system. All transactions are securely protected with special encryption. Experts often refer to Horizen as “digital gold”.
The Horizen project is actively developing in various directions. The update of the zk-SNARK algorithm was a serious step towards improving the system. This made it possible to increase the overall speed of calculations several times. This event had a positive impact on the assets capitalization. As a result, the value of the coin on the exchanges increased to $ 110. At the same time, there was a market recession.
The official roadmap indicates the development of the project. The development team guarantees the optimization of the algorithm and the addition of a large amount of useful functionality. Over time, corporate exploitation technology will become available to users. As a result, the investment attractiveness of the project will increase.
The Zcash Foundation is actively working towards empowering zero knowledge proofs. Technological innovations of the system will have a positive impact on the popularization of the project. As a result, the value of the coin in the market will increase. Experts agree that the price of the cryptocurrency will increase several times in the next 2 years. Therefore, today it is profitable to invest in a coin in order to get the maximum profit in the future.
The modern blockchain industry is actively developing in the market. Ecosystems include various business and gaming applications. Developers of digital assets are in fierce competition with each other, offering users unique technologies. Global ideas allow you to create effective projects and integrate them into commercial activities. One of the innovative systems is Chiliz. The platform is in high demand in the market.
Chiliz is a modern digital currency that is a reliable asset for sports and entertainment portals. The asset is used on the official website Socios.com. The resource users have access to bets in different sports segments. Members of the system can manage projects, control entertainment, and earn good money. Modern blockchain technology provides fans with a unique opportunity to effectively interact with any team. The owners of the popular coin have the right to vote and take part in solving a number of organizational issues.
The main idea for the project was the example of football clubs, where fans have the opportunity to vote for the existence of the team. The system is a subsidiary of the Maltese Mediarex Group. The company was founded in Malta in 2000 and is part of the Enterprise Ethereum Alliance (EEA). During its existence, the coin attracted the attention of FC Juventus, Real Madrid and PSG. The grandees of European football considered great prospects in the project and the opportunity to earn extra money. The platform has also received substantial investment from Binance.
Chiliz is a state-of-the-art Socios.com platform that gives sports and esports fans the ability to manage their favorite teams, games, leagues and events. The developers envisioned the sports and esports landscape, which is determined not only by which games, teams and leagues attract the largest audience, but also by those who can most effectively activate and monetize that audience by placing their fans in the drivers seat. This is called radical fan engagement.
Branded Fan Tokens give Socios.com users the power to make decisions by allowing them to vote on polls that partner clubs publish on the platform. Owning the partner clubs unique branded fan tokens will also give fans access to exclusive content, as well as gamification, social networking, and leaderboard features to be launched throughout 2020 and beyond.
The unique project Chiliz is focused not only on real sports, but also on virtual ones. The developers plan that the platform in a few years will become a full-fledged basis for the organization of the Global League of Players. The GPL is an effective system that impacts the scaling of the gaming and esports communities. Buying a token allows you to exercise your voting rights in the system.
The project was implemented without an ICO. The Chiliz team has raised over $ 66 million by attracting investors. The system has become popular among a number of cryptocurrency exchanges and specialized funds in Eurasia. The functional capabilities of the system are:
supporting financial transparency. The project is supported by a reputable company that is connected to the banking system of the European Union. All company accounts are verified and completely transparent;
deep integration into the market. The advantage of the project is the presence of a large number of alliances with leading companies. The system is maintained by the Government of Malta. Counterparties also include leading eSports and digital marketing institutions;
network operation is built on the Proof-of-Authority consensus mechanism. Complex calculations will require significant resources. Using the POA consensus protocol minimizes the amount of delays in transactional processes.
You can learn more about the possibilities of the Chiliz project through the official roadmap. The technical development of the system has been completed in most cases. The development team plans to launch a full season in football in December 2019 on the socios.com platform. In January-March 2020, the system will operate in several areas of sports. Expansion of participants and the number of popular groups is expected within 180 days. The CHZ coin is expected to become a full-fledged exchange medium soon. The prospect of this project is significantly increased against the background of partnerships with FC PSG, Juventus, West Hem, Galatasaray, Roma.
Chilizs commercial product development and improvement has been witnessed over the past three years. The active development of the project began at the beginning of 2018. The system has reliable partners and a professional team of specialists in Malta. Experts launched the Chiliz (CHZ) token on a live mailing list and began public launch of the Socios.com app in Q4 2019.
Today Chilez has over 50 team members, spans over 20 nationalities and is constantly growing. The company has development offices in Lyon, France, Singapore, Seoul and Buenos Aires. In addition to preparing for the launch of Socios.com, specialists are looking for and adding more and more football and esports organizations to the list of "tokenized" partners on the platform every day.
The Chiliz creation mechanism is based on the organization of effective interaction between the club and the fans. The diagram looks like this:
Approving the decisions that the fan associations are authorized to make.
Generation of a certain number of "fan" tokens directly on the Socios.com platform.
Organization of a system for purchasing coins and participating in voting through the platform. The strength of the voice of the owner of digital assets is closely correlated with the number of coins purchased.
Registered members of the socios.com project have a clearly fixed number of official tokens. Fans have the option of exchanging CHZ for voting rights. This process is accounted for by a number of smart contracts. All transactions are securely recorded on the sidechain. Fan tokens are sold at a pre-approved price. This technique is standardized for all participants in the system.
The project successfully combines 2 main blockchain formats:
Ethereum. The network records all official transactions that are associated with CHZ tokens;
sidechain. The structure allows all the votes of the official participants to be recorded on the socios.com platform.
All financial transactions on the platform have a small commission. There is no additional fee for voting.
Chiliz is a foreign exchange option that is used for a range of technology products and services. The digital asset is intended for sports fans, investors and simply connoisseurs of unique technology. The total emission of tokens is 3,066,666,666 units. As of early December 2019, the companys total revenue exceeded $ 66 million.
The structure of asset allocation in the system is as follows:
Operating expenses - 58%. Most of the funds are transferred from the Issuer to an affiliate to develop the Socios.com platform, ensure partnerships and implement the digital infrastructure of the platform.
Received by users - 20%. The funds are used to attract new users to the Socios.com platform and expand participation in its voting utilities, P2P user experience and the marketplace.
Corporate structuring - 10%. The funds were used to ensure that the Socios.com platform supports fully independent operations and has the strategic freedom to grow on its own terms.
Legal security - 5%. The funds have provided timely audits for Chiliz, the security of the Socios.com platform and the legality of the platform in the EU and all other relevant global markets.
Ecosystem support - 7%. The Issuer has invested in the emerging blockchain ecosystem in Malta, developing valuable partnerships to help the company and its stakeholders as we grow.
The prospects for the development of the project are obvious. Experts agree that in a few years the value of the CHZ coin on the market will increase significantly. The development of new technologies, the scaling of the system, the conclusion of new contracts - all this will have a positive effect on the total capitalization.
Chiliz cryptocurrency is reliably protected from the destructive influence of inflationary processes. The decentralized system is not tied to the state, banking structure or any organization. A professional development team systematically upgrades the platform. All this makes Chiliz widely demanded in the market.
The Chiliz system has strong monopoly protection. The number of coins for purchase is limited. This minimizes the risks of taking over control of the sports club through the socios.сom platform. Token owners have the right to sell them on the resource at any cost.
The main advantages of the Chiliz cryptocurrency are:
high level of transaction security;
confidentiality of translations;
the digital coin is highly liquid;
functioning of a decentralized network;
transfers between countries are carried out promptly.
Adjustment of the value of the cryptocurrency is carried out in several stages. Initially, the owner bills the asset at the minimum cost. After choosing the liquidity of the coin, an increase in price is observed. This mechanism is often used in financial markets. A good example is the implementation of 100 Fan Tokens on the platform with a price in the range of 20-50 CHZ. Initially, the resource will show the cost of 20 CHZ. After the redemption of the first batch of coins, the price will be increased to 30 CHZ.
The wallet is available to registered users through a special application Trust Wallet. To complete the procedure, you must follow simple instructions. For Ethereum wallet owners, an option is available to import assets to a trusted source. The operation is performed using a trusted phrase, keyword, or private key.
As of the beginning of December 2019, the value of the CHZ coin is $ 0.01. CoinMarketCap ranks 101st in the rating system. At the same time, the rate of return on investment is 51.9%. The total market cap is $ 38.8 million. Specialists especially note the large average daily coin turnover. This figure reaches $ 3.9 million.
The official developers of the socios.com platform claim that the resource will be an effective tool for football clubs to shape the new economy. Monetization of the new system will have a positive effect on the formation of the functional structure. The Fan Token Off strategy is an original solution, in contrast to the usual ICO.
The integration of technological development into the sports environment has a number of positive trends. The key one is coverage of territory and target customers that were not available in other ways. Against the background of improving the system and concluding new contracts, the CHZ token is very promising. Cryptocurrency experts expect the coin to increase in value several times in 500-600 days.
Energi is a unique self-funded cryptocurrency. The project developers set themselves the goal of launching a functional system that will later turn into a platform for smart contracts. This development is an excellent investment object.
The fundamental mission of the company is to become in the future the main cryptocurrency of the world, which will unite a large number of smart contracts. This revolutionary new technology offers great opportunities for gaining financial independence. The project leaders decided not to conduct an ICO. An alternative to the process was the careful organization of an effective system of incentives for users through:
Treasury Department. The structure is larger in scale than other cryptocurrencies (Dash, Decred and PIVX). Decentralized format provides a high level of transaction security and information exchange;
masternodes. The network server effectively copes with the tasks and provides users with voting for the direction of funds;
expansion of cooperation. Energi opens up opportunities for transactions. The positive aspect is the presence of feedback.
High efficiency in the use of funds is achieved by encouraging user actions. Every dollar invested in a project is mastered by the developers as intended. The funds raised are being invested in marketing, technology and functionality enhancement. As a result, this creates optimal conditions for obtaining a good profit from the project.
The technological features of the Energi project determine its main functionality. Until February 2018, the blockchain was based on a special PoW + PoS consensus algorithm. After a while, the developers decided to switch to PoS. For the content of the masternode to become available, the user must purchase 10,000 NRG coins.
It takes no more than 60 seconds to decipher one block. The reward is 22.8 coins. The development of smart contracts based on Energi should take place at the end of December 2019. This event should have a positive effect on the total capitalization of the project.
The Energi project has a wide range of applications. Thus, masternode holders will be able to receive rewards for second-tier placement using the Energi Proof of Work model. Miners will be able to make good money in the system by handing over their computing power for use. Project partners benefit from smart contracts. Constant management of the platform can significantly increase the efficiency of the ecosystem. The end consumer can use NRG as a storage, utility or transaction tool without any problems.
By leveraging the functionality of the interactive network of OS applications, you can increase your overall efficiency. In the process of scaling the project, a special Department of Protection will work with law enforcement agencies to minimize the risks of hacking and fraud. The system developers also rely on:
Business development. The launch of a unique incubator program allows you to maintain the infrastructure of the blockchain and startup. The development is aimed at advising clients, optimizing the work of business models and expanding functionality.
Reliable protection for all users. The system has its own security bureau. A special unit of EBI reliably guards the user base from attacks by hackers and fraudulent activities.
Engineering support. Energis professional team assists in carrying out complex audits of smart contracts. For the purpose of writing smart contracts, the Solidity language (analogous to Ethereum) will be used.
Marketing systems. The maximum audience coverage is achieved through the large-scale representation of the platform in social networks. The company actively promotes the project on YouTube video hosting. The founder of Energi has bet on Airdrop on social media. Each participant received a portion of the coins as a reward. This approach has ensured widespread adoption of the platform. Already in the fall of 2018, the project had more than 65 thousand official accounts and 17 thousand email addresses.
Energi was developed relatively recently in 2017 by Tommy Wald Pave. The talented programmer considered the potential in cryptocurrency organizations and decided to create his own project. Since 2012, the specialist has been studying various concepts for the development of digital systems. After thousands of hours of planning and development, the guy recorded a video about the new platform and its technological features.
Since 2017, the project has been under active development. Its early funding came from the founders own funds. After the successful implementation of the adopted concepts, the system was launched. This event took place in April 2018. Thanks to the daily work and the expansion of the team of qualified specialists, the project took place.
Today, the platform unites a large number of people who are involved in various fields (marketing, design, programming, management, recruiting, etc.). Every month the platform becomes more and more efficient when working with smart contracts. The system perfectly combines the technological capabilities of Ethereum and the treasury management model.
The development of a powerful self-financing system has all the prospects for large-scale development. In the next two years, the project will bring together tens of thousands of people from all over the world. The founder of the project plans that in a while the total capitalization of the system will exceed $ 100 million. To visually explore how Energi is created, you need to research the official roadmap:
2017 year. Implementation of fundamental projects, organization of the output structure. In the fourth quarter, the Energi Hash algorithm was launched. Also, the developers have introduced remuneration systems of the treasury, mainline types;
2018 year. Launching Testnetes and Block Explorer. The programmers also performed technology optimization and solution to a number of economic problems. After the implementation of masternodes, the Energi project was presented. More than 1 million NRG coins were distributed in September. The digital asset dump continued in the fourth quarter;
2019 year. Upgrading the system to a proof-of-stake level. Experts begin the development of the Energi X project. Expanding the marketing sphere to increase the scale of the structure. Contract platform update;
2020 year. The team has planned a massive expansion of the system. The project will be popularized by opening a mobile wallet. For this, the Venmo and Cash App applications will become available to users. The Energi system will provide grants and invest in decentralized dApps.
Expanding the marketing work will greatly simplify the application of the protocol. As a result, the demand for a digital asset on exchanges will increase.
The emission of Energi cryptocurrency is unlimited. The system is designed so that 1 million NRG coins are generated every month. The distribution of assets has a certain structure, namely:
Professional team - 10%. Developers earn good income for project improvement and leadership.
Profile miners - 10%.
Official masternode owners - 40%.
The total budget for project development and technological development is 40%.
The absence of a supply limit creates an additional demand for payments to official masternode holders. These transfers play an essential role for the continuous operation of the system, its decentralization and longevity. The reward system for masternode holders is pleasantly surprising. It takes 63 seconds to decipher the block. Users receive 400 thousand coins every month.
One of the strengths of the Energi project is having a team of experienced professionals. Today, the top management of the system looks like this:
Tommy is the creator and CEO of the company. The specialist deeply understands the economic structure of blockchain technology.
Ryan is the president. The expert oversees operational activities and new software development. The specialists work is also aimed at popularizing the digital asset in the world.
Carolyn is VP of Operations. The Financial Analyst has a personal qualification degree at the ACAA level. Its task is to formulate a development strategy and improve the efficiency of the work process.
Greg is Vice President of Skilled Human Resources. The specialist also has deep skills in semiconductor development, UNIX kernels and a range of cloud computing.
Parker is the head of energy impact. Born in Los Angeles and attended Arizona State University. His motto is: "The more I give, the more I get." As head of Energi Impact, he embodies his truth and helps others to do the same.
Andrey is a CTO with extensive experience in programming, developing payment cards and launching startups. Software development.
Omer is the manager of the transformation process. Previously, the specialist worked for Exxon Mobil, Verizon and Pfizer.
Daniel is a UI / UX designer. The employees specialization is user interface design.
Energi cryptocurrency has a self-financing system that will soon be transformed into a functional platform for smart contracts. The successful functioning of the structure is achieved through stable funding from mined coins. The principle of equality allows for a strong community. Energis top management decided not to conduct an ICO, which significantly reduced decentralization.
Today, developers are actively working towards launching smart contracts. Registered users can take advantage of a number of benefits in the form of technical expertise and an efficient communication system. The main requirements for using a mining tool are:
the presence of a personal EnergiCore wallet;
10 thousand NRG coins on the account;
launching a virtual private server (VPS), which operates 24/7;
availability of a dedicated IP address for the VPS.
The successful implementation of the official roadmap is the best proof of the projects prospects. At the beginning of December 2019, the NRG coin rate was $ 1.53. Experts agree that in 600-900 days the value of a digital asset will increase significantly. This is primarily due to the technological breakthrough that the developers promise.
The market capitalization of the project is $ 32.5 million. The average daily trading volume is $ 256 thousand. These indicators indicate a high liquidity of the asset. System scaling is inevitable. This is primarily due to the following factors:
There is no need for the formation of infrastructure for payment / reception of NRG.
High speed of transaction processes, which is comparable to transfers to bank cards.
Favorable reward system for Masternode owners and hosters.
The NRG coin is not limited in issue, which makes it in demand in the market. The cryptocurrency is ranked 76th in CoinMarkerCap.
RIF Token is a modern digital asset that operates on the basis of the RIFOS platform. The cryptocurrency is designed to run a number of decentralized services. The token is also used to launch applications that support the RSK Smart protocol. The main task of the RIV LABS company is the scaling of a unique development in order to form a single decentralized network.
RIFOS is an open infrastructure that consists of a large number of protocols that are not subject to a single control center. Officially, the developers have achieved easy access to services in various cryptosystems. RIF is a one-stop source for building blockchain infrastructure. The key areas of the project are:
effective solution to scalability problems. The productivity of Bitcoin technology in customer service is 10 million units, Ethereum - 30 million. To date, the problem of network scaling has not been fully resolved;
difficulties in integrating the system into the current management model. The main reason for this process is the lack of qualified specialists. The RIFOS system is easy to learn, which allows it to be used in various fields.
The technological skeleton of the cryptocurrency includes a combination of Bitcoin with the RSK smart protocol. This tandem ensures the smooth operation of functional applications in a decentralized network. At the same time, the speed of transactional processes increases significantly. A feature of the RSK Smart protocol is the hiding of a number of technical features while using dApps functionality.
The smart combination of the Bitcoin mining process with the RSK Smart protocol helped increase the scalability of the entire platform. A unique development allows in the near future to consolidate a large number of blockchains in operation.
The technical characteristics of the project clearly show the capabilities of RIFOS. The lack of a clear hierarchy of elements in the protocol has a positive effect on the formation of the entire decentralized network. The functional platform has the following architecture:
The fundamental foundation is the Bitcoin blockchain.
RSK SMART acts as an additional chain. The protocol allows you to combine smart contracts that manage RIF tokens.
RIFOS protocol + provider services.
Standardized API type libraries. The API is used to develop decentralized type applications.
The root structure of RIF OS includes a large number of protocols. A holistic and easy-to-use system gives organizations wide access to a wide range of services. There is coherent consistency and accelerated deployment between functional elements. The RIF OS protocol is a great addition to the RSK Smart Contract network. The set of interface conventions has the following variations, namely:
directory - specification protocol;
name service - provides users with a domain and a clear name;
storage - opening access to third users;
data feeds - third-party forecasts;
payments - processing payments outside of a third-party company;
lumino network - increases transaction throughput;
communications - data transmission channel.
The technological capabilities of cryptocurrency allow it to be used in various spheres of life. The technology is great for organizing the work of government agencies. Blockchain builds trust among citizens by viewing and sharing data. In financial services, settlements are optimized and a significant amount of time saved. Operations are carried out without delay. The most common areas of application of the system are:
Insurance. The procedure helps reduce the risk of fraud by organizing ownership checks.
The property. Asset tokenization is an orderly process that does not require intermediaries.
Art. The technology allows the development of unique digital galleries and highly liquid platforms for organizing trade in works of art.
RIF Token technology can also be successfully used in the field of commerce. So, a special register is created to organize the supply chain. Data in the form of product labeling is entered into the list. This ensures a high level of quality.
RIF LABS Limited was established in 2011. It was during this period that active development of the RIFOS protocol began under the guidance of a team of professionals. The first publication of the official document took place at the end of autumn 2015. The article caused a real sensation among IT specialists, as it included new protocols and a system of smart contracts that are reliably protected by the Bitcoin network. The operation of the platform was planned to be launched on the basis of merged mining.
The published development concept has become a real event in the world of cryptocurrencies. A team of specialists began active work in this direction. As a result, after 700 days the world saw the first test version of the network. January 2018 saw the appearance of the Mainne beta version on the market. This event allowed the project to reach a qualitatively new level of project development.
As of December 2019, RSK Smart technology is in the global development stage. The functioning of the international team is aimed at scaling the service and the systematic development of the international community. The official publication of the RIF Token smart contract on the network took place in early November 2018.
The project development roadmap for the next 2 years has the following direction:
October - December 2019. The domain name registration process is carried out through a quality implementation of the RNS protocol. The framework also allows searches for specific domains. The RIF Payments resource is intended for collecting transaction fees. The RIF Data Feeds version will become available to users.
January - March 2020. The launch of the RNS system provides the ability to quickly register domain names. RIF Payments will be used to make cross-token payments. Personal data will be encrypted using the Storage protocol.
April - June 2020. Developers establish reliable communication between RNS and RIF. The security of the model comes at the expense of Storage. The protocol also provides high-quality storage of information.
The top management of the project planned not to conduct an ICO. The accumulation of funds is carried out through the implementation of private token sales. Over the entire period of time, 22,000 BTC were collected, 4.5% of this amount was Ethereum.
The distribution structure of tokens in the system is as follows:
40% - RIF share within the private token sale;
40% - own RIF LABS. Every month, 1/60 of the total number of coins will be unlocked;
20% is owned by official advisors, shareholders and the development team. Asset unlocking frequency is 1/48 within a calendar month. This algorithm will be observed until 2023.
The total emission of a digital asset reaches 1,000,000,000 coins. The RRC-667 format token has changed several times. Today it is a unique modification of the ERC-20 standard. The usual scheme is not available for registered users. The functioning of the bonus system for dApps developers allows you to earn good money. The total reserve of coins in the system for the team is 21,000,000 RIF, which is a good sum in monetary terms (approximately $ 1.25 million).
RIF LABS has introduced to the market an efficient way to solve problems in the blockchain system. In January-February 2020, a new protocol will be launched that will reliably control all transactional processes. The fast speed of operations is achieved due to the work of a decentralized application in the computing system.
The RIF Labs development will prove itself 100% in the future. The official White Paper contains information that clearly shows the exponential growth of cryptocurrency in the market. Experts agree that RIFs success is inevitable.
The RIF (MP) marketplace, where service providers connect with their potential users, is highly promising. It will be used as a building block for the exchange of services in Decentralized Economies (DSE), built on top of RSK and RIF. It is also the place to go for RIF services. Users will have access to persistent storage (file pinning service), domain exchange service for RNS, and watchtower service for RIF payments. The addition of protocols will be carried out in accordance with the approved development map.
The RIF Marketplace will include a set of smart contracts indexing offers on the RSK blockchain, a marketplace library that provides direct access to dApps developers. The highlight is the customer friendly user interface that doesnt have broad technical skills.
RIF is the first open source smart contract platform that is securely secured by the Bitcoin network. The key advantages of the system are:
bitcoin-friendly: Bitcoin was the first and by far the most secure blockchain available;
security: the RIF blockchain is merge protected, which means that RIF can provide the same security as Bitcoin in terms of avoiding double spending and finality of settlements;
scalability: RIF can scale up to 100 transactions per second without sacrificing decentralization;
flexibility. Instant payments allow for new use cases such as in-store ready-to-pay purchases and microloans;
RIF Laboratories have implemented RIF OS protocols on the solid foundation created by the RSK Smart Contract Network.
Also, a significant advantage of the RIF Token cryptocurrency is the presence of a professional team. A large number of specialists are working on a global project. The composition of the project is as follows:
S. Lerner is the founder of the company and the head of the scientific department. The specialist has a PhD in Computer Science and was previously a successful SEO at Certimix. The expert also has audit skills.
D. Zaldivar is the founder of RSK Labs. An IT specialist took an active part in the development of Koinbax in Argentina back in 1995.
R. Altman - Project Operations Manager. In autumn 2015, the specialist joined the RIF team.
A. Eidelman - head of the technical department. A former Agiels employee, he has practical marketing skills.
G. Kurman - Senior Public Relations Manager. The specialist is also a co-founder of Koinbanx.
A. Muslera - official adviser on the strategic development of the system.
M. Palle is a Staff Operations Advisor at RIF Labs.
As of mid-December 2019, RIF Token ranks 115th in the official CoinMarketCap rating. The coin rate on the market is $ 0.05. Experts note that in the process of implementing the roadmap, this indicator will multiply. The unique technology is in demand and has a wide range of applications. Market capitalization could rise from $ 33 million to $ 50 million. These projections are highly accurate. In this regard, today the optimal conditions for buying a coin have been formed in order to make money on the difference from the sale in the future. At the same time, the net profit will depend on the trading volume.
Digitex Futures is a commission-free futures exchange technology. This platform is designed for the systematic trading of digital assets. You can make good money on the price difference. The system accumulates a large amount of data related to operational costs. The project has its own token DGTX, which acts as a tool for withdrawing commission. This element is required for the implementation of the trading process. The availability of interest-free transactions in the system is the basis for the growth of the capitalization of the entire project. Experts agree that the price of tokens will increase significantly over time.
Digitexs key task is the development and implementation of decentralized structures with smart contracts. This process is based on a blockchain based on Ethereum. The hybrid exchange is built on the use of account balances with decentralized management. High transaction speed and complete security for data storage are available to users.
The purpose of futures is to accurately predict market prices for cryptocurrencies. The financial instrument on the Bitcoin platform was formed at the end of 2017. This allowed official traders to take part in the auctions. Today, purchase and sale transactions are actively conducted via the Internet. Digitex technology allows you to trade digital assets freely without risk. This is largely due to the lack of transaction fees. The Ethereum-based token is called DGTX and is used as the exchanges functioning coin.
To become a member of the system with no interest fees, you must own DGTX coins. This creates additional demand for the digital asset. The official token is an ERC-223 token that successfully operates on the Ethereum blockchain. With the help of Digitex Futures cryptocurrency, it becomes possible to buy / sell futures-type contracts (1 contract = 1 token).
The token creation process is carried out with an interval of 730 days. The systematic generation of digital assets affects the absence of transaction fees.
The Digitex Futures project is highly promising. The implementation of the approved tasks in the roadmap will significantly capitalize the project. The main technological capabilities of the platform are:
No transaction fees. All bidders have access to zero commission on all types of transactions.
Accounts have a decentralized balance. The balance of a personal account is securely controlled by an artificial contract that is based on the Ethereum blockchain. The technology allows you to maintain a balance of accounts.
Access to the market for futures that are highly liquid. The absence of commission fees has a positive effect on the development of the entire structure.
Programmed processes. Market automation is achieved through the reliable operation of Digitex. The presence of a full-fledged bank provides 20% of transactions from the gross amount of tokens. Development of futures is possible even if the market conditions are unstable. This allows traders to get out of any situation as efficiently as possible.
Versatility in the markets. Digitex Futures has several futures markets. The developed contracts are stable even in crisis situations of the economy. The platform menu is easy to learn.
Practical marketplace menu. Excellent visualization of the market allows you to objectively assess price fluctuations.
The futures market has a lot of variation and size.
High shoulder level. A credit mechanism of various multiplicity is available to traders. This allows you to effectively implement interest income plans. As a result, losses from unsuccessful deals are reduced.
No decrease in capitalization from attracting borrowed funds. The DIGITEX platform does not practice blocking participants in the event of a winning position.
Online access technology for matching order. This option is available thanks to the Erlang / OTP programming language. The technology allows you to view all updates online.
Elimination of transaction fees. Blockchain is eliminating the fee mechanism through an annual token emission. This margin-type model is in high demand.
Reliable confidentiality. Transactions are available to traders without entering personal information. The system does not identify documents.
On Digitex Futures, users can only buy and sell futures contracts using DGTX. This means that your account balance is in DGTX and all trading profits and losses will also be denominated in digital currency.
Network members will be able to buy a perpetual swap contract that has no expiration date. Basically, the user is speculating on the Bitcoin price against the US dollar, but earns and loses DGTX tokens. However, there are no fees or costs. The developers make it as easy as possible to create winning traders and enable them to trade successfully.
Experienced traders are used to trading profit futures. It takes time and discipline. The platform is suitable for beginners. Additional income from futures can be obtained on the platform during day trading. The system does not charge commissions and has a number of technological advantages.
The digital asset is an ERC-223 token that reliably operates on the Ethereum base. The protocol opens up opportunities for registered users to buy and sell futures contracts directly on the exchange. To take part in the trading process, you will need to add a certain amount of DGTX to your account. As a result of the increase in trading, the liquidity of the digital asset will increase.
The DGTX token was officially listed on exchanges on May 23, 2018. The worlds first zero-commission cryptocurrency futures trading platform became available for testing on November 30, 2019. The initial launch took place on a public testnet offering access to trading in a single market, starting with a perpetual BTC / USD exchange contract. The public version of testnet will support at least 10,000 concurrent users who will participate in virtual trading in BTC / USD futures at up to 50,000 transactions per second. After a period of rigorous testing and third-party auditing, which is expected to last at least two months, the platform will be ready for a public launch with live trading, additional features, and markets.
The first token sale for this project reached the level of 1 billion. The senior management of Digitex Futures has decided that it will not issue additional coins for the first 730 days. This will have a positive effect on the market value of the digital asset. The distribution structure of DGTX in the system is as follows:
allocated amount for sale - 700 million coins (70% of the total fund). During the asset allocation process, the unit price will be $ 0.01;
the official reserve of the manufacturer - 200 million coins (20% of the total fund);
property of the development team - 100 million coins (10% of the total fund).
The annual emission of coins creates a high demand for a digital asset. With this approach, inflationary processes are controlled and the market capitalization of the entire project grows.
The exchange without commission fees is widely popular today. With an increase in the rate of a digital asset, the cost of the platform will also go up. Experts agree that the development will become a worthy competitor in the market in a couple of years. An important condition for this is the honest fulfillment of the obligations assumed by the resource. This primarily concerns hidden fees, transaction confidentiality and asset placement security.
Digitex operates automated market makers that maintain tight supply and demand spreads and provide additional liquidity in the futures market. The developers have worked hard to ensure that the interests of customers are reliably protected. The main task is to maximize profits. The goal of market makers is to increase liquidity and intentionally lose money. This encourages traders on the exchange to compete with each other for these losses, further increasing the liquidity of assets.
If market makers lose money, systematic account replenishment will be required. And this is due to the systemic advantages that the systems elimination mechanism provides. Heres how it works: When a highly leveraged trader allows his account to dip below the required maintenance margin balance required to maintain his or her open position, the liquidation engine is forced to accept his position and liquidate it.
Traders who do this instead of managing their position more responsibly will lose all of their initial margin, but it is possible that the liquidation mechanism will get a better price than the traders bankruptcy price and make a small profit. This profit is added to the Digitex Insurance Fund, which is maintained at 100,000,000 DGTX (10% of the total DGTX supply). If the balance in the insurance fund exceeds 100 million DGTX, then instead of holding this additional money indefinitely, we
The platform offers automated market makers to earn extra money so that they lose to traders due to trading losses. To encourage as many people as possible to join the Digitex Futures revolution, the developers also launched the very first affiliate program! The scheme is designed to stimulate token sales on the Digitex Treasury.
To do this, it is enough to use the same unique link that the user receives when registering in the waiting list. If any of the friends referred to by the user in the waiting list buys DGTX tokens from Digitex Treasury, the system will provide a 15% discount on their purchase. And if one of your friends invites you to buy DGTX from Digitex Treasury, the developers will compensate 5% of that sales.
It is easy to track personal sales and receive money through the account. Just create an account on the affiliate portal using the same email address you entered on the waitlist and you can track your sales. Rewards are paid out in ETH daily.
As of early December 2019, the cryptocurrency ranks 105th in the official CoinMarketCap ranking. The experts are constantly discussing the future of this project. Most of the experts are confident in the high prospects of the technology. As of 12/11/2019, you can buy 1 DGTX for $ 0.03.
The total capitalization of the project is $ 32.2 million. At the same time, the daily trading volume exceeds $ 1 million. The payback index is at 280%. This suggests that it makes sense to invest fiat money in an asset. It is expected that by 2022 the technology will be operating at its maximum, which will have a positive impact on its capitalization. You can make a good profit on the project.
Zero commission trading creates highly liquid markets by allowing traders to pursue high-frequency trading strategies that are not viable on commission-charged exchanges. The developers are creating a unique playing field where all traders have an equal chance, disciplined traders have a higher chance of winning on Digitex than on any other bitcoin futures exchange.
Status is a mobile operating system that is used to effectively interact with the Ethereum network. Developers are putting in a lot of effort to launch a decentralized browser and functional messenger. The mechanism for connecting to the network is via a personal smartphone. The network node opens up opportunities for the client to access decentralized applications.
Status is suitable for adapting a number of decentralized type applications from Ethereum. The platform has successfully consolidated the modern options of a social network, browser, messenger and cryptocurrency exchange. The development includes a number of projects that are in special demand on the market (Gnosis, Aragon, uPort). The openness and decentralization of the network are its main advantages. The platform ensures complete confidentiality of user information.
The social network integrated into the browser forms a specialized cryptocurrency exchange. The functional system allows you to combine a large number of Ethereum-based tokens. The development opens up new opportunities in the gaming industry, commercial activities and smart contracts. The free token conversion process allows access to a number of decentralized applications. As a result, the complex development of digital technologies is ensured.
The Status Digital Asset (SNT) acts as an efficient means of payment. The key goal of this project is to scale up the technology. The development is an excellent investment opportunity. Users of a unique social network automatically get access to a wide range of functionality and tools. SNT coin can be used to issue a number of additional bonuses. Experts agree that the platform will become widespread in a few years. The unique technology greatly simplifies the process of controlling information and digital identity.
The Status project is a WeChat and AppStore for the Ethereum system. The essence of the platform is to popularize the cryptocurrency, providing users with new functionalities. As of the beginning of December 2019, the official application is functioning in alpha version and available for Android, iOS. The functional capabilities of the system are:
sending and protecting messages under a special cipher. Smart contracts and personal payments are available to users.
views of updated information in a secure chat. The mechanism of interaction between participants is carried out according to a decentralized type.
secure storage and control over digital assets. Registered network members have access to an electronic wallet.
The presence of a dApp directory in the system, which is similar in functionality to the Apple App Store or Google Play Store. The modern platform is already in demand in the market. This project is attractive for investment. The secret of the popularity of the development lies in its wide range of applications, namely:
The ability to transfer digital assets through a dedicated provider using an internal status. The development allows you to reliably bypass locked systems.
High quality content is achieved through the ability to publish user data on the dApp forum. The account softening mechanism is yielding results.
Opportunity for monetizing commercial activities.
Getting additional income through participation in various networks.
A wide range of additional functions for users.
The Ethereum ecosystem is actively developing. Successful implementation of the roadmap creates prerequisites for increasing the total capitalization of the project. The development and implementation of simulation models allows you to systematically suggest a new set of options to the community.
The official developers of Status have set themselves the task of organizing WeChat. The presence of a large number of applications ensures high-quality messaging. Most of the network participants do not want to use peer-to-peer payments. Encrypting messages allows you to adhere to the principle of transaction privacy.
As of December 2019, Status cryptocurrency is at a more advanced stage of development than its competitors. A team of professionals has been actively working on the project since January 2016. During the year, IT specialists released an alpha version to the market. Senior management made the decision to conduct a full-fledged ICO in order to raise additional funds. This process was organized in mid-summer 2017. As a result, more than $ 5 million was raised.
November 2017 saw the introduction of the Status Hardwallet. A smart card allows you to quickly transfer digital assets without an NFC connection. The development features also include quick adaptation for mobile devices. Having an open source code allows for personal changes. The wallet works seamlessly with ERC-20 coins.
The incentive program launched at the beginning of winter 2017 deserves special attention. The Open Bounty program covers the implementation of various decentralized projects. The system issues an SNT reward to all members with no commission fees. The official project team also provided for the implementation of a special remuneration of $ 1 million. This amount is used to finance projects.
The project is expected to reach its maximum level of development by 2022. The functional platform will allow you to combine a large number of applications tailored for the field of commerce. Therefore, today investors see technology as an excellent object for investing fiat funds.
The digital asset Status (SNT) is positioned as a reliable payment instrument. The fundamental task of a resource is to access internal resources. The total supply of the coin is 6.8 billion coins. As of mid-December 2019, there are 3.5 billion coins in circulation.
Experts agree that the market capitalization of the project will increase in a few years from $ 35 million to $ 50. Therefore, it makes sense to invest in the project today. The current rate for 1 SNT is $ 0.01. The distribution structure of digital funds is as follows:
Fund for basic system development - 50%.
Security structure - 15%.
Support for the effective work of the marketing department - 10%.
Legal support costs - 10%.
Other project costs - 15%
The first stage of attracting funds to the system took place in November 2017. The price for 10,000 SNT was 1 Ethereum. The developers managed to attract $ 99 million to the project at once. The listing of a digital asset had a positive impact on the value of the asset. It hit $ 0.05 per SNT. As a result of the market correction, the rate per asset increased to a record 65 cents. During the fall in the Bitcoin exchange rate, a decrease in SNT was observed.
Experienced investors store an ERC-20 digital asset off the exchange. An alternative option is to use the MyEtherWallet and MetaMask e-wallet. The maximum level of security is provided by the Ledger Nano.
In December 2019, the daily trading volume is $ 14.9 million. An efficient scheme for mining tokens is available to miners using the computing power of a computer. Limiting coins allows you to resist inflationary processes and create additional demand for a digital asset. The widespread use of technological development allows you to maximize the market capitalization of the project.
Status (SNT) is an open source messaging platform. The mobile interface is designed to interact with applications running on the Ethereum network. The Status Network Token (SNT) is a utility token that complements the decentralized push notification marketplace. Management through the Status platform allows you to maintain user-generated content online. A team of professionals promotes the development of a decentralized network, respecting the principles of freedom, security, privacy, transparency, exclusivity and censorship resistance.
The strong point of the project is the presence of a well-coordinated team of professionals. The position of the Operations Director is occupied by an experienced specialist Nabil Nagdi. The Google native has a wide range of practical skills in terms of strategic project development. His areas of competence include developing a roadmap and scaling the functionality of an IT product. The development team is represented by the following experts:
Victor Tron is the main developer and creator of the Swarm Ethereum Foundation.
Zolt Felfoldi is a senior programmer at Ethereum Core.
Bo Sheen - General Partner
Jordi Bailina is a representative of Giveth White Hat Group.
Luis Cuende is the co-founder of Aragon.
Joy Urgo is the founder of Sourcerers.
Development and improvement of decentralized systems can significantly expand the functionality of users. In the network, you can select nodes that will provide services to registered members. Users have the right to choose to configure PUSH notifications. The technological advantages of the platform are:
effective leadership. Registered users have the opportunity to vote. Thus, the overall management of the development of the system is carried out;
favorable voting protocol. The number of tokens corresponds to the number of solutions (1: 1);
community supervision. Users have the right to express consent / disagreement regarding the published content;
the functioning of the cash register. Using these elements, a quick search for users for transactions is carried out;
availability of a sticker market. Sorting by category allows participants to choose the best asset option for themselves. All users have a personal rating in the system.
The wide variety of decentralized applications makes the platform popular. The UPort and Gnosis systems deserve special attention. In the first case, the structure is responsible for the principle of identity. In the second, complex market forecasts are made.
As of December 2019, Status cryptocurrency is ranked 96th in CoinMarketCap. The interactive platform has significant authority in the digital asset market. When compiling a rating, specialists take into account a large number of factors that affect the overall indicator of market capitalization. Any fluctuations in the coin rate are clearly recorded on special charts.
The listing of the Status cryptocurrency had a positive effect on the growth of the assets value. Today SNT coin is actively traded / bought on the worlds leading exchanges. Investors see the project as an excellent earning opportunity. The market correction and constant fluctuations in Bitcoin affect the assets price. The high average daily trading volume clearly shows the potential and growth prospects of the cryptocurrency. In the case of 100% implementation of the approved tasks on the official roadmap, Status will increase significantly in price. The $ 0.68 cap is not a cap. Today you can stock up on SNT coins for little money. After 500-600 days, you can resell the asset and get a good profit.
Ardor is the development of the Jelurida concern. Experienced specialists who had previously created NXT worked on the project. News of the emergence of this platform began to arrive in 2016, and the launch of the mainnet began in Q4 2017.
The developers did not announce the ICO, but distributed the tokens of the new digital currency among the Nextcoin participants. A roadmap has been successfully implemented that has many changes compared to the classic blockchain concept.
In the development team, you can note:
Kristina Kalcheva - General Director, Intellectual Property Specialist;
Lior Yaffe - Principal Developer and Co-Founder with experience in large corporations;
Tomislav Gountchev - CTO and Senior Software Developer;
Petko Petkov is a developer and co-founder with considerable experience working with financial software.
The growing interest in cryptocurrencies began to grow from the end of 2015. During this period, the NXT developers decided to implement a new project - Ardor, which was no longer built on the classic, but on the updated blockchain. Segregated asset issuance was organized on top of the main chain.
The official start of the Ardor cryptocurrency project was held in January 2018. The developers see a great future in their development - the existing NXT algorithm has been expanded and supplemented in the system.
The revolutionary platform is the Ardor cryptocurrency. It solves the problem of processing large amounts of data. It is based on blockchain technology, and the scaling tasks are solved through the functionality of decentralized applications. It is presented on exchanges as an ARDR token.
For the Ardor cryptocurrency, the code was rewritten from scratch, since the developers did not take the Bitcoin blockchain as a basis. It was with the NXT project that the creation of the first multifunctional platforms began. It is not surprising that the project immediately gained popularity.
The Ardor crypto project is complex and multi-structured. The network has maximum security against risks. Digital development operates on the PoS protocol, in which block generation is recalculated after each new link. The ecosystem operates as an open source program. There is no location for a separate server or other control block. Transaction data and the state of digital assets are stored on the main blockchain.
Several innovative tools make Ardor viable. The system is built from two interconnected circuits: Ignis (child) and Ardor (parent). Due to this separation, the network is not overloaded with tasks.
The Ardor cryptocurrency differs in the following functionality:
data cloud - information can be stored right in the block chain;
monetary system - personalized tokens (ARDR coins) are in the users circulation;
voting - decentralized polls and private speaking;
stages of transactions - execution of monetary transactions is carried out automatically;
secure message transmission - encrypted information is not subject to the control of a centralized system;
trading platform - the opportunity to enter the market;
plugins - add-ons with increased functionality are installed.
Aims to use the Ardor platform for business. The structure of the system turned out to be simple. The sites functionality is clear, and its performance does not decrease with the growth of the digital circuit. Transaction processing takes 60 seconds on average. Users do not have to worry about the security of their funds and payments.
The Ardor cryptocurrency is fundamentally different from others. It is conventionally believed that it is built on blockchain 2.0. Offers a platform scalable solutions for absolutely all users. Long waiting times for transaction processing are a thing of the past. With an increase in the number of users, the blockchain is not overloaded, as it has an updated architecture.
The confidentiality of personal balance allows you to maintain transparency of transactions. The digital economy offers the virtual currency Ardor to run and expand business. Its blockchain has a lot of advantages due to which the coin has stability in the market.
Ardor belongs to a young and developing altcoin. The coin competes with other cryptocurrencies in the Blockchain-as-a-service niche. Consensus in the system is achieved due to the distributed principle, and mining competition is excluded. A rich development environment is provided by the multi-platform Java programming language, which provides the web with unique integration tools.
Improving the blockchain, cloning problems, the value of one token - all these tasks can be solved by the Ardor cryptocurrency. Its system is used to generate blocks and pay for transactions, assess the exchange of assets and transfer them through the digital network. All processes are fully automated, and connected circuits consume several times less energy.
A successful implementation of the Ardor platform can be carried out in:
control systems;
exchange and financial platforms;
networks of autonomous devices;
corporate registries;
data storage systems;
the field of intellectual property;
areas of public funding;
online voting platforms.
Each user of the Ardor network can make personal settings. A single ARDR token is used for transactions, which can be exchanged for similar altcoins.
The Ardor cryptocurrency has integration tools - this makes it easy to integrate it into payment systems. On cryptocurrency exchanges, coins can be converted into other altcoins as needed. Many organizations choose ARDR token for its transparency and ease of use.
The Ardor cryptocurrency system has full cycle automation aimed at creating a sidechain. For business, the platform offers simple and convenient solutions. It features an intuitive interface. The casing is fully adapted for ordinary consumers.
Each user can trade or buy ARDR coins. All transactions are secured with a high level of security. The developers constantly analyze the load level and resource consumption. The platform is constantly being improved and the settings are being changed. There are no restrictions on using the Ardor cryptocurrency.
There is no classic mining of cryptocurrency by mining - the coins were issued simultaneously. The PoS algorithm was chosen for the operation of the site. Interested persons will be able to receive ARDR tokens on the basis of the “forging” principle, which involves earning on commissions. The more coins in circulation, the greater the users reward.
Ardor is an analogue of digital money, which is not created in the classical way. An asset was built on a completely new blockchain that does not require its own server. When carrying out any payment transactions, network congestion is excluded.
The Ardor cryptocurrency is not infinite, as its emission is limited. Maximum number of tokens: 1,000,000,000 ARDR.
When making payment transactions with ARDR coins, you dont have to worry that they will hang somewhere for a long time. The throughput of the cryptocurrency has been increased and is constantly showing its advantages in practice. Even though the token is not infinite, it has a market demand among different consumers.
Many of the capabilities of the Ardor cryptocurrency are provided by creating your own child chains internally. System security is based on a hierarchy controlled by a parent chain. The digital asset powers itself.
The Ardor cryptocurrency has the following advantages:
flexible blockchain architecture - forks are created from the main block to ensure the security of data transmission;
high productivity - the speed of transfers has been significantly increased;
universality of the program code - the platform is easily modified, as it is written in Java;
effective consensus - the transition to PoS was completed, which turned out to be successful and energy efficient;
optimization of circuits - working with data is much easier;
easy application - to use the systems capabilities, you do not need to have deep knowledge of administration;
active development of the platform - the project is focused on the business sphere, more and more investors are interested in ARDR tokens;
confidentiality of transactions - user funds are mixed in the system and hidden from ill-wishers;
network security - the developers paid special attention to this property.
The Ardor platform has a user-friendly toolkit, so its not hard to figure out how to use it. ARDR tokens can be saved and stored in special wallets or circulated. Blockchain maintains high performance at the expense of child chains. The developers made the system in such a way that it is not overloaded with unnecessary information.
From the outside, the Ardor project may seem crude, but it has already gained popularity in society. The functionality of the cryptocurrency has been optimized, all problems have been eliminated during its implementation. The platform is open to a wide range of users and has a growing trend.
When creating the Ardor cryptocurrency, the developers focused on ease of use, performance, and public utility. The process of processing information in the network is simplified - this is realized due to unlimited scalability. Companies from different sectors of the economy can use ARDR coins in their field.
The Ardor project is aimed at business, but not only large companies can use it. Where large corporations are good, ordinary users will find it good too. The value of ARDR tokens will be fully disclosed in the future, just as the value of the next generation blockchain is disclosed now.
In a short time of its existence, the Ardor cryptocurrency has gained sufficient popularity in the market. Its capitalization indicators are growing (now the coin is in 86th place), and ARDR tokens are attracting investors interest. The only obstacle to its development is the high volatility, which is inherent in other crypto coins.
During the existence of Ardor, the rate correction is often observed on the market. Investors and those interested in using this cryptocurrency should constantly monitor market performance. With the help of ARDR coins, you can achieve passive income by putting a certain amount of funds into circulation. Experts say that Ardor quotes will only increase.
Since its inception, the Ardor cryptocurrency has been able to conquer the digital market. It has excellent prospects for further development. Despite strong competition, the coin holds a high position. Due to such digital assets, the blockchain industry will be able to reach a new level and fully conquer the business sphere.
Among other cryptocurrency technologies, Ardor stands out for its updated blockchain. The ARDR token can be viewed as a long-term perspective. The coin is used for both instant transfers and storage. At any time it can be withdrawn or sold, making a profit.
For business users, ARDR tokens will be a godsend. Anyone looking for a reliable blockchain tool chooses the Ardor cryptocurrency. It is gaining popularity among individuals and individual companies who are interested in using the latest tools of the digital economy.
The ARDR token rate is steadily increasing and its market capitalization is growing. The ideas of the NTX developers have been successfully implemented in the Ardor cryptocurrency. Each year for ARDR coins brings new advances and stable consolidation in the market.
The Single Collateral DAI cryptocurrency is the first stablecoin from the Maker platform, the functionality of which is designed to solve two existing problems of modern crypto: volatility and reliability. The first factor is practically absent from DAI, as it is tied to a fairly stable currency - the US dollar. Based on this, investors lose interest in financing.
However, along with this, the positive effect of this phenomenon was fixed: the crypt forms itself in the form of a stable monetary unit, which allows financial transactions to be carried out without the risk of losing funds when the exchange rate changes.
The second factor is reliability. At the moment, it is very relevant, since there is far from 1 crypt attached to the dollar. The question of trust is still open, as few currencies offer their holders asset transparency and stable emission.
Single Collateral DAI is one of the decentralized digital currencies that is attached to the dollar exchange rate. Like many others, it runs on the Ethereum platform.
According to the developers, DAI is a stable crypt, which was created on the principle of "no discrimination". This makes it accessible to both individuals and small, medium or large businesses, without exception.
The $ 1 equivalent is supported through automatic pricing mechanisms built into smart contracts. When Dai costs more than $ 1, the system works to reduce the tariff. Conversely, when the price is below $ 1, the program stimulates a rise in the rate.
The purpose of this organization was to ensure the stability of the economy and the transparency of operations, as well as to provide all people with equal access to the global financial market.
The history of the Single Collateral DAI cryptocurrency dates back to 2015, when Maker DAO created its first token on the Ethereum platform. In January 2016, the developers presented a draft of their new platform, which was launched in April of the same year. All stablecoin holders were given a vote on how to improve the network.
The creator of the Single Collateral DAI cryptocurrency Runa Christensen announced the launch of the DAI token in August 2017. The crypt itself entered circulation on December 17, 2017. At that time, its rate was a record low of $ 0.903243.
The development community consists of 20 people, where key roles are played by:
Runa Christensen - Executive Director;
Stephen Becker - President and Chief Operating Officer;
Wouter Campman - Technical Manager;
Coulter Muligan is the head of marketing.
The Dai protocol uses a two-channel system. For this, the currency is guaranteed by a pledge. Any asset based on the Ethereum base is accepted as it, subject to its approval by token holders.
Dai can be freely traded like any other ERC-20 token. Each owner of an Ethereum wallet has the right to conduct all operations with crypto without intermediaries.
The Single Collateral DAI crypto is the same means of payment as regular money, which, unlike it, is not subject to inflationary risks. Its purpose is to meet the needs of the holder.
The nature and type of transactions depends on the wishes and intentions of the owner. At this stage, users have the following options:
currency exchange;
purchase of assets and objects of the material world;
return of debt obligations;
money transaction;
loan;
lending;
capitalization;
payment for services, etc.
The list of opportunities offered by cryptocurrency is not exhaustive. He is influenced by the politics of this or that continent.
For example, South Korea is notorious for its volatile position in relation to the regulation of digital transactions. At one time, a complete ban is introduced on the crypt, at another, all markets are opened for circulation.
In the USA, with the help of Dai, they receive a stable income. The state uses it for lending to businesses, borrowing tokens from individuals and legal entities for a short period of time (up to six months).
The Dai Stablecoin System includes a set of smart contracts that allow anyone to issue currency by blocking collateral (other valuable crypto assets) on the system. Smart contracts are launched randomly, but with the condition that all requirements are met. This feature allows you to make the transfer of digital assets more secure.
You can store the crypt only on those wallets and exchanges that support the ERC-20 protocol. Users can create tokens themselves. This process is possible using CDP or MKR. The CDP case includes some features:
The first step is to open a transaction to create a CDP.
This is followed by the acquisition of ETH and their further transfer to the address of the smart contract as collateral assets.
Freezing.
Issue of coins (depends on the amount of invested ETH). In the event that the client wants to return his funds, he will need to redeem the collateral money, and the DAI will be burned out.
Fiat currency is also used in this process. A collateralized debt position (CDP) is generated. At the end of the procedure, the user also receives his coins for sure.
MKR is the second token of the site, the purpose of which is to ensure the fixing of the price of the stablecoin.
To start earning, you need to activate the Dai Savings Rate (DSR). It is an add-on to the Maker protocol. This requires interaction with the contract with the DSR bank when transferring from the wallet to the Maker Protocol. Dai is redirected. Further, the client can both place orders for assets and carry out urgent transactions.
The "exit" function will help to get the accumulated savings, which transfers a certain amount of currency back to the collateral asset.
There are no liquidity restrictions for DAI, so it is not subject to freezing or blocking. It can always be redeemed urgently.
Integrating Single Collateral DAI into your smart contract is not an easy task, which happens as follows:
Writing your own code.
Selecting an interface that will display all requested functions.
Creation of auxiliary contracts.
Deploying Smart Contract.
Using.
Confirmation of the contract.
This process includes working with digital technologies, but once it is completed, the creator has the opportunity to interact, withdraw and destroy coins.
At the moment, 101 696 625 units of the Single Collateral DAI cryptocurrency have been issued, each of which is in circulation. Capitalization is more than $ 51,378,345. These figures are increasing every day.
Some crypto assets are limited in emission, like Bitcoin. Users mine them, but the total amount of currency is known in advance. With Give, the opposite is true. The coin holder can issue his tokens at will. For this, the collateral is used in any asset that the platform allows. It must be frozen for a while. After that, DAI is issued based on the volume of coins in the users possession.
Upon completion of all operations, the owner can get back his security amount, and the tokens are burned. Thus, the Single Collateral DAI circulation process is endless as long as:
There is a public demand.
The digital economy is developing.
The coin is being converted.
The dollar maintains its stable position in the world market.
The prospects for the crypt are great, because its use is relevant not only when doing business, but also when financing projects, as well as in everyday conditions. The issue of Dai will always depend on two factors: the exchange rate of the US dollar and the volume of the collateral currency. The second criterion falls entirely on the shoulders of the stakeholders.
The developers fixed the permissible deviation from the USD exchange rate at 5%. This is a good indicator for fiat money, but you shouldnt count on big earnings. The crypt is intended for trading, concluding transactions, conducting custom calculations and storing savings.
Thus, the emission of the coin will take place as long as the society is interested in the aforementioned possibilities of the currency.
When analyzing the Single Collateral DAI, the following 3 features of the currency should be emphasized:
Stability.
Decentralization.
Transparency.
The first is achieved by artificially adjusting the value assigned to the US dollar. The minimum rate of the Single Collateral DAI cryptocurrency was $ 0.9959317, and the maximum one was $ 1.1.
Volatility during the day is estimated at no more than 2.13%, which is very small compared to other competitors. During the week, this figure fluctuates within 3.01%.
Decentralization is achieved through the platform on which Dai is deployed. The functioning of the entire system does not depend on the wishes of the monopolists. Nobody sets the volume of emission and does not guess the desired course. The currency is subject to the rules set by the program and the public demand.
Behind transparency is ease of accounting and auditing. Anyone can track Single Collateral DAI transactions. The crypto allows you to get acquainted with all orders that take place in the market, as well as study the trading history of each coin.
DAI token is not mineable. It can be obtained exclusively through barter between assets. This arrangement eliminates the unnecessary costs of computing equipment, so that the purchase of a coin is limited by the cost price.
Also, the strengths of the currency include:
Liquidation and user generation thanks to the system algorithm.
Reliability. It instills in the user confidence in the real attachment of the crypt to assets from the material world.
The disadvantages of DAI include, perhaps, the complexity of the mechanism of operation. A beginner will have to delve into the system a little and figure it out before taking action. In addition, the client pays an annual commission as payment for the transactions performed. Its size is 0.5% of the volume of issued tokens.
About 2,364,592 DAI with a total trading volume of $ 2,354,972 are subject to exchange per day. Transactions with Dai take place on 14 exchanges and 46 active markets, which indicates that the crypt is in demand and recognized by the world community.
The rate of the Single Collateral DAI cryptocurrency in relation to Bitcoin is estimated as 1 BTC = 7272.47 DAI. In the CoinMarketCap ranking, the coin is ranked 83rd.
There are more than two hundred types of stablecoins in the world. Some of these projects have already been closed, others are at the development stage, and others are actively developing and increasing their funds. DAI is a complete program with at least 5 serious competitors.
Its capitalization is $ 45,962,353.89. This is lower than that of the main rivals, but the primacy is achieved through another advantage - decentralization. At the moment, it is the only most well-known stablecoin that is secured by a collateralized crypt and is controlled by smart contracts.
DAI is a safe and transparent coin, which greatly increases public interest in it. Earnings on it are insignificant, it is used to store and stabilize digital assets with minimal risk.
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