What is Crypto currency (or digital asset)?
For those of you new to this growing reality, a Cryptocurrency is a digital currency that is created through mathematical engineering or algorithm. Cypto currency is designed to be open, anonymous, secure, fast and offers option to be able to bypass traditional financial structures.
Bitcoin, the world’s first Cryptocurrency, was created in 2009 and certainly a for-runner for digital currency. However, since then, many new Cryptocurrencies which are also known as Altcoins have been introduced onto the world scene.
■ A guide to help you find reputable cryptocurrency (for various digital assets) exchanges and platforms…
■ Discover and learn more about various digital assets such as Ethereum, Litecoin, Dodgecoin, etc. -see below…
💰 💰 🏆 DAPP Incubator 🏆 💰 💰
“DI” is a very secure and audited, for your safety, DeFi Dapp. It is an investing Ecosystem for people around the world.
✅ DAppIncubator Is an Ecosystem containing a secure, trusted, transparent, and high return on investment (ROI) paying DeFi application that runs on The Ethereum Blockchain.
✅ The “DI” DeFi Dapp is an autonomous decentralized exchange smart contract deployed on the Ethereum blockchain which provides a secure way of generating passive income by providing a high return on investment.
✅ The DAppIncubator smart contract manages all blockchain transactions in real time without any third party intervention. The transactions include buying tokens, selling tokens, withdrawal, reinvestment, distribution of dividends, and defines the price of tokens etc.
✅ DAppIncubator generates income to users in multiple ways which includes increase in invested assets value, increase in purchased token price, earning dividends on token holdings etc.
✅ Details on how to start investing in crytpocurrency provided at http://cryptocounter.com/dappincubator
✅ Start Investing on DAppIncubator platform here: http://Di.cryptocounter.com
Coins Enabled for Investment with DI:– 📣 Ethereum (ETH)
– 📣 UniSwap (UNI)
– 📣 Republic (REN)
– 📣 many more forthcoming in 2021
Ways to earn by Investing in DappIncubator
– ⚙️ 1. Incremental D[Token] Value
– ⚙️ 2. Dividend Received From Successive Investor Network Fees
– ⚙️ 3. Referral Benefits
DAppIncubator provides 3.33% of investment as referral bonus which is equivalent to 33.33% of network fees deducted. When referring others your ReferraL link format is as such: www.dappincubator.com/?ref=[ETH_Address] otherwise like, https://www.dappincubator.com/?ref=0xB75D94719Ea95d07d81Ce5468247c268F37EA114
The official “DappIncubator” platform Website went live for investments on March 22, 2021. Many more coins are to be incorporated into the DappIncubator system during 2021.
Xcess is revolutionizing the World of Exchange Trade
Transforming the way businesses and consumers transact, trade, and reward loyalty through a decentralized, tokenized, transparent, Hybrid Ecosystem.
CommunityJoin the XcessDefi community where you will be in good company with like-minded cryptocurrency developers, traders, and entrepreneurs.
Referral PlanXcessDefi rewards those that refer others to the platform. Rewards are distributed in real-time.
Bounty AirdropsTo show our appreciation to the early adopters of XcessToken, we will be conducting an airdrop and giving away XcessTokens.
Transparency & AnonymityVerifiable proof of the project’s performance statistics as well as its partner’s transaction history are publicly available on the Ethereum blockchain.
What to consider when using Tron and the TRX token
Might need this when we start using Tron. For those who are just purchasing “Gas or Fuel” known as Energy without knowing why. I hope this helps. Its all to do with smart contracts.
What is TRON Bandwidth and Energy?
TRON, while comparable to the Ethereum network, proposes some interesting new features aimed at solving a few issues that plague users on most existing blockchains. They are a type of resource earned through using the “Freeze” function from within your TRX wallet. The act of freezing your TRX tokens will lock them in place for a certain number of days, rendering you unable to trade or sell them until they are unfrozen. In exchange, your wallet is rewarded with resources that enable you to take certain actions with it.
Bandwith and Energy; what does it do?
Bandwidth: Having TRON bandwidth allows you to perform transactions on the TRON mainnet without paying any gas fees. Having sufficient bandwidth is crucial when using for dApps such as www.tronbet.io, where you might want to make several smaller transactions without having to worry about using your TRX tokens in the process.
Bandwidth is also used to cement yourself as an active member of the TRON community, allowing you to cast votes for Super Representatives.
Energy: This is a special resource used to process smart contracts on the TRON network. Smart contracts consume Energy in addition to Bandwidth, so be sure you have enough of both when moving your tokens around! Watch this: https://youtu.be/kaMfgjh9tWo
Why Decentralized finance (commonly referred to as DeFi) plus asset tokenization will take crypto to new heights
Posted January 17, 2021 by Artem Tolkachev (Cointelegraph) Blending real-world assets and DeFi (Decentralized finance) is going to shake this whole market to its core. In previous years, we have seen numerous attempts to bring real-world assets to the crypto market. However, none of them has proven to be massively adopted among retail crypto users and traditional financial players.
So, why hasn’t real-world asset tokenization become a massive trend?
You’ve probably heard how almost anything can be tokenized — securities, art, real estate, to name a few. And there were so many projects that promised to change the way we invest in assets, no matter the type. At the same time, no projects managed to get massive adoption on the market.
Traditional market professionals haven’t really found proof that tokenization improved current fundraising processes for them. Although, an overview of real-estate tokenization has been already discussed.
You may also struggle to find real retail investors who bought the rights to a famous art piece or a portion of Dracula’s castle. While most successful offerings were focused on private investors, basically nothing has changed in the process for the crypto market, even for the owners of tokenized assets.
Why didn’t these offerings manage to gain mass adoption? While the concept of tokenization promises a better and cheaper way to raise funds for issuers, there are almost no real benefits for the crypto market.
I’ve covered problems of tokenization in the form of security token offering before, but in short, it boils down to regulation (tokenized assets are regulated by the traditional rules) and a lack of a secondary market. Retail crypto investors can’t profit from these two issues, and there is basically no need for them to adapt to something new, especially now with the emergence of DeFi protocols.
What corporations are looking for while raising funds
Corporate institutions have to exist in a world with complex and outdated rules. Therefore, a clear legal model to attract or borrow funds is vital for them. With over $20 billion locked in decentralized finance at the moment, it might attract some interest from corporate institutions and make them consider entering the market — especially if we consider that the common annual percentage rate in DeFi protocols is just 2%–10% with no additional costs to attract funding.
Yes, there are no ready-to-go legal models built for corporates to attract or borrow funds from DeFi protocols on the market today. But it’s possible to build one with minimal effort, as the benefits of DeFi borrowing easily cover the efforts of building such a system. DeFi might be able to provide borrowing on perfect terms for corporate institutions, which is something that might make them consider entering the market. Meanwhile, corporate institutions will be willing to provide several types of stable assets to be used as collateral for their loans.
However, there is a real need for real-world assets to be used as collateral in DeFi protocols to prevent more market falls in the future, fixing the over-collateralization issue along the way.
Can current market players operate like this?
Right now, there are several attempts to bring real-world assets to the DeFi market. Most of them seem to accept a wide range of assets, mainly tokenized invoices.
The main issue related to using those assets in a protocol is an absence of publicly available sources for pricing. This relates to the lack of transparency and the need to rely on a centralized party (valuation firms, underwriters, etc.) in order to determine the price of the collateralized asset. There is also no mechanism to monitor the pricing in real-time (as it is done, for instance, when using crypto as collateral). Those assets are generally illiquid; they are not traded on any marketplace or digital OTC platforms; and there is no source for periodically updating information on their pricing — a crucial point to determine the moment in which the collateral will be liquidated.
There is no doubt that some of those assets could be insured, such as payment under invoices, meaning that the insurance company will pay in case of a default of the debtor. But again, the insurance process lacks transparency and lives completely off-chain, providing no real warranties for the investors or real-time knowledge whether or not the insured event has occurred.
Additionally, current solutions allow borrowing strictly in crypto, which won’t suit everyone. It’s not a bad thing, but it reduces the chance of attracting large institutions that need to receive financing in fiat, which is used for their day-to-day operations.
But the main question that arises is the possibility for big protocols to adapt and use real-world assets as collateral. And it will be extremely difficult, as they will have to change the borrowing process, build a system that will update the price of collateral, issue new assets, cooperate with regulated entities, and, generally, receive approval from the majority of current participants. Talks regarding the adoption of such a solution by Aave and Maker have been ongoing for over six months, with no clear date when it will actually go live.
What kind of infrastructure must be built to bring traditional institutions to the DeFi market?
A perfect solution that will allow the tokenization of traditional stable assets and that will be suitable for the DeFi market must meet several criteria.
- Real-world assets used by the protocol must have a transparent source of pricing available on demand by any user of the protocol. This requires not only selecting an asset capable of fulfilling this requirement but also building a price oracle that will transfer information regarding the collateral. Such an oracle should be connected to a transparent and trusted pricing source, such as Bloomberg Terminal, rather than receiving proprietary data from a centralized party.
- Real-world assets used by the protocol should be as less volatile as possible, generate fixed income to provide real cash flows to liquidity pools, and have a certain level of liquidity and market in the real world to be able to process the liquidation event in case it occurs.
- The protocol must allow users to borrow money in fiat. For such purposes, there is a need for yet another intermediary to be connected to the protocol, to cover the exchange needs of users who want to borrow money in fiat, and fulfill the role of a payment agent for them.
- Real-world assets used by the protocol should have a digital presence, for example, be held on a secure accounting system. To achieve that, there is a need for an intermediary that operates such systems connected to the protocol.
- In order to defend the decentralized nature of the protocol and maintain the trust at the highest achievable level, intermediaries connected to the protocol must be regulated, insured, selected and overseen by the community of the protocol under established requirements. In addition, the community will decide any other crucial matters for the protocol’s development and economic sustainability, including selecting assets that may be admitted as collateral.
What should we expect in the future?
I expect that we will see several initiatives on building new, real-world, asset-backed protocols in 2021, and hopefully, they will be the ultimate solution to finally connect traditional financial and crypto markets. Existing protocols are more likely to adopt them in their current ecosystems only after new protocols will prove to be operational.
Another area in which real-world asset-based protocols could make an important impact is stablecoins. There is a current trend among regulators mostly in the United States that targets all stablecoins that have centralized issuers — such as Tether (USDT) or USD Coin (USDC) — with discussions about the potential need to impose the requirement for any of such issuers to have a banking license. Decentralized stablecoins backed by real-world assets might solve this issue; however, it is a topic for a separate discussion.
But what about other tokenization attempts and STOs? Of course, there have been successful cases before. Large financial institutions are still slightly interested in launching such products, as they may potentially save them money. But most likely, these initiatives will be focused on private offerings due to the aforementioned flaws.
It’s naive to believe that many crypto investors will be willing to make long-term investments in unfamiliar markets. Especially with great investment opportunities in the DeFi space. Until new regimes for the offering of tokenized instruments are built (and there are no bright signs in this direction), I believe real-world assets tokenization in a form of an STO will still be limited to closed offerings with no attention from the global market.
Are you ready to see Bitcoin go skyhigh???
Breaking News for Bitcoin / crypto in landmark cases
An Australian judge has ruled Bitcoin (crypto) to be a legitimate investment vehicle for use as financial collateral; this seems to suggest that bitcoin is just as legal as fiat with, legally, just as clear use case as fiat.
As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.
“This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press.
Crypto Now Officially Seen as Financial Instruments in Germany
BITCOINIST March 02, 2020 : Germany’s financial regulator has released guidelines classifying crypto as financial instruments. This move further expands the definition of financial instruments to include all kinds of digital assets with the previous paradigm only covering security tokens.
In a Monday, March 2, 2020 press release, the German Federal Financial Supervisory Authority (BaFin) described crypto as: a digital representation of a value that has not been issued or guaranteed by any central bank or public body and is not necessarily linked to a currency specified by law and that does not have the legal status of a currency or money, but is accepted as a medium of exchange by natural or legal persons and can be transmitted, stored and traded electronically.
India’s Supreme Court Lifts Crypto Ban Imposed By Reserve Bank
After a two-year battle, the Supreme Court of India has finally lifted the cryptocurrency ban that was imposed by the Reserve Bank of India (RBI) on Apr. 6, 2018. The Reserve Bank of India has been making every effort to ban any dealings in crypto assets by individuals and businesses. Its campaign began in April 2018 with circular instructing banks and companies not to deal with digital assets. As per report, a copy of the judgment which is nearly 200-300 pages will be uploaded on the court’s website soon. Read more on twitter.
Cryptocurrencies Now Legal In South Korea
In terms of legalizing cryptocurrency trading and holding, South Korea. is following in the footsteps of India. As of March 5, 2020 digital assets are entirely legal in the East Asian nation of South Korea.
Cryptocurrency trading is now entirely into the legal system for the South Korean government, according to a local report. To receive this outcome, the National Assembly amended the Act on Reporting and Use of Specific Financial Information.
Bitcoin (BTC) Now Qualified as Legal Form of Money by French Authorities
So it continues as Good news for the crypto community emerges in France where the Commercial Court of Nanterre has recognized Bitcoin as a currency
Reported by Les Echos, Bitcoin has now the official status of money in France. BTC was acknowledged by the court in a decision regarding cryptocurrencies in late February but was made public only now.
Les Echos now expects this decision to improve the situation with Bitcoin transactions and boost BTC liquidity.
French court calls Bitcoin a currency
The aforementioned verdict was made by the Commercial Court of Nanterre – BTC was acknowledged to be a fungible intangible asset, similar to a fiat currency.
A lawyer Hubert de Vauplane from Kramer & Levin says that this decision now permits Bitcoin to be legally used as money. So it should spur the number of Bitcoin transactions in France – lending, trading, repo, etc, and, thus, turn the crypto market into a more liquid one.
During Coronavirus Lockdown Italian Bank Opens Bitcoin Trading to 1.2 Million
Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service.
The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential security risks with cryptocurrency exchanges. With the country in lockdown and everyone stuck at home, the bank is capitalizing on a growing interest in Bitcoin as a safe way to transfer money internationally in the midst of the crisis.
1.2 million Italians already use Hype platform
About 1.2 million Italians already use Banca Stella’s Hype to carry out transactions and not only will they be able to buy and sell Bitcoin, they’ll also be able to pay for goods and services with the cryptocurrency.
Antonio Valitutti, General Manager at Hype said:
“The cryptocurrency and Bitcoin market in particular continues to arouse interest, especially among the public that constitutes our customer base — by definition young and smart and who, increasingly, expect to be able to access this world through the tool that they use to manage money on a daily basis.”
Interest in cryptocurrency and blockchain has received a boost in recent months among Italian institutions. Blockchain technology was applied to electronic voting in Naples and two Italian high schools last week announced they would record diplomas on blockchain.
The better known crypto alt coins and information available
Below is some useful insight and info from Bitcoin wiki into some of the better crypto alt coins and material available on the market.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011
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