The Beginner's Guide to Trading on Binance BTCMANAGER

Axion - A Global Currency, Built To Serve The People

What is Axion? Per Axion's website:

AXION is the answer to our global financial markets that are on the brink of disaster.
The original solution to this impending collapse was Bitcoin, a decentralized peer-to-peer currency. However, since its inception, certain aspects of Bitcoin, such as lack of speed and high fees, have shifted Bitcoin into more of a store-of-value than a currency. Axion is the currency to address that.
With a high-interest time-locked savings account, Participants in the Axion Network are rewarded daily.

How is AXION distributed?

Anyone holding Hex2T (pre-sale) tokens will receive AXION at a rate of 1:1

Hex holders will also receive AXION 1:1, limited at 10M AXION tokens. Hex holders will also be auto-locked for a year, with 2% releasing weekly. More details can be found in the whitepaper. If Hex holders do not claim their AXION tokens, they will become available for purchase in the Daily Auction every week.

The Daily Auction

Putting Tokens and Value into your pocket.

To get Axion, it needs to be claimed by Hex & Hex2T holders, the longer they wait to claim, the more penalties they face. About 2% of their total per week. This 2% is added into a daily auction pool where people can bid using ETH on the Axion tokens within it. If you bid 10% of the ETH on that day, you get 10% of the pool rewards.
80% of the ETH paid in the auction is then used to hyperdrive both the Axion token and the stakers earnings. First, the ETH is used to purchase the tokens, boosting the token price, and then those tokens are distributed to stakers, creating a very strong positive feedback loop.

Axion Vision

Axion is on the path to becoming the ideal global currency.

For the first time in history, inflation is increasing the purchasing power of the people within the network. Axion has partnerships lined up to be integrated in online and in-person payment solutions, where you can pay for nearly everything in your every-day life using Axion. The merchants can accept FIAT (converted from Axion), or Axion itself. This is a global movement.

Axion: Built to Scale

500 Billion Initial Total Supply
1:1 Freeclaim ratio for Hex2T and Hex holders
80% of ETH Earned in auctions is used to buy back tokens
8% Annual inflation that goes Directly to stakers
100% of all purchased tokens Are distributed to stakers
No Auto-Stake For hex2t holders 100% autostake for hex holders

How to buy:

**Video Tutorials:**Metamask Install – https://www.youtube.com/watch?v=htyEeKNHX5ABuy/Sell Axion (HEX2T) – https://www.youtube.com/watch?v=vYZBOkHIM5k
How Do I Buy Axion (HEX2T)?
Step One: Purchase Ethereum from your exchange of choice (Coinbase, Binance, etc). You can also purchase Ethereum through Metamask and have it sent directly to your Metamask wallet (More details on this in Step Three). If buying through Coinbase, you’ll have the option to use a linked bank account or a debit card. Funds purchased via linked bank account will have a hold period while the bank transaction clears, funds purchased via debit card will be available for use instantly.
Step Two: Install the Metamask desktop browser extension and set up your Ethereum Wallet. You may also install the Metamask app on your Android smartphone and follow the same set up process in the linked video. (Apologies iOS users, the iOS Metamask app has restrictions that disable necessary features, you’ll have to use the desktop browser extension)
Step Three: Once you have your Metamask wallet set up and your seed words properly saved, it’s time to deposit Ethereum to your wallet.
– If you’ve purchased Ethereum on an exchange such as Coinbase or Binance, you’ll have to copy your wallet address from Metamask and withdraw the Ethereum from the exchange to your Metamask wallet address that you just copied. Be sure to check the wallet address multiple times before sending as transactions can not be reversed.
– If you’d like to purchase Ethereum directly through Metamask, you can do so using the Wyre fiat gateway that is integrated into Metamask.
Step Four: Now that you have Ethereum in your Metamask wallet, you can head over to our listing on the Uniswap Exchange to purchase Axion (HEX2T). We recommend using Fast GAS to speed up your transactions. You may also have to click on the gear icon in the top right on Uniswap to adjust your slippage limit when buying larger amounts.
– If using the Metamask app on Android, you’ll have to access the in-app browser through the menu (three bars top left of app) and paste the provided link.
– You will see a “From” input that should have ETH as the selected currency pointing to a “To (estimated)” output that should have HEX2T as the selected currency. The “From” input is the amount of Ethereum you will be spending and the “To (estimated)” output is the amount of HEX2T that you will receive for that amount of Ethereum.
– Once you enter the amount of Ethereum you’d like to spend, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access Ethereum in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the Ethereum in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully purchased HEX2T with Ethereum!
Side Note: If you can’t see the HEX2T that you’ve purchased in your Metamask wallet’s Asset list, you’ll have to add the token to your Asset list. At the bottom of the Asset list you will see an “Add Token” button, click on that and you’ll see a “Search” and a “Custom Token” tab. Click on the “Custom Token” tab and paste the following address (0xed1199093b1abd07a368dd1c0cdc77d8517ba2a0) into the “Custom Token Address” field, the rest of the info should auto-fill. Then click the “Next” button in the bottom right, and it should display your HEX2T balance, click the “Add Tokens” button and you should now see your HEX2T in your Asset list.
**How Do I Sell Axion (HEX2T)?**To sell Axion (HEX2T), you essentially do the inverse of what you did to purchase it.Step One: Head over to Uniswap Exchange and click on ETH in the “From” input, a drop down list will appear and you’ll select HEX2T. In the “To (estimated)” output, click on “Select a Token” and select ETH. To clarify, if you want to sell, HEX2T should be on top, ETH should be on bottom.
Step Two: Enter the amount of HEX2T you’d like to sell in the “From” input, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access HEX2T in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the HEX2T in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully sold HEX2T for Ethereum!
If at any point you feel that you need help in this process, please do not hesitate to join our fast growing Discord or Telegram. Once you’re in either of those communities you’ll be able to ask an admin or moderator for assistance.

Legal

Their legal proposal is 95% complete, per their Discord announcement - and most likely be finished in the coming days.

Charts:

http://chartex.pro?symbol=UNISWAP:HEX2T/USD
https://www.coingecko.com/en/coins/hex2t

According to the infamous Jeff K...


TLDR


Axion WHITEPAPER

submitted by kylejames87 to CryptoMoonShots [link] [comments]

If you missed the AMA

AMA AT DETECTIVE ID (25/06/2020)
Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken.
Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established?
The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control.
Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020?
By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges.
Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers?
Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community
Community Questions (Twitter):
Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions
Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different?
Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side
Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing?
As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here.
Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera?
I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle).
Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :)
Nuked Phase (3rd Part)
Q) What is your VISION and Mission?
Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset.
Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion?
We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊)
Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?.
You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens
Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them?
We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on.
Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.??
When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing
Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction?
We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem
Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market?
We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18
Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges?
Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price.
Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents?
We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract).
Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects?
Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk)
Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people.
Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology?
We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming
Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations.
Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term?
The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above
Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it?
We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token.
Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges?
STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible??
Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community
Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ?
Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention.
Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space?
We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about.
Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term?
The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people!
Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space?
We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this?
By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would
Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time?
I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
submitted by stateratoken to StateraToken [link] [comments]

Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

How To Send Bitcoins From Coinbase.com

How To Send Bitcoins From Coinbase.com
Coinbase is one of the biggest and well-known bitcoin exchanges and it is considered to be the most suitable platform for beginners to start use with the Bitcoins.
In this blog we are going to discuss how to send their Bitcoin from Coinbase to other wallets or to different exchanges.

How To Send Bitcoins From Coinbase.com

Step 1: Send Bitcoin from Coinbase
Open your coinbase account
Hope you already purchased some bitcoins
Choose the platform whether you want to use coinbase or coinbase pro
Next step initiate the transfer from Coinbase

How To Send Bitcoins From Coinbase.com

To initiate the transfer from your basic Coinbase account:

Click on to the Coinbase “Accounts” button at the top of the page to see a list of all of your wallets.
How To Send Bitcoins From Coinbase.com
Click on “BTC Wallet” and press“Send”.
Clicking on this will open up a larger menu that will allow you to provide further details about the transfer.
To Initiate the transfer from Coinbase Pro
In the Coinbase Pro account hit the “withdraw” button that you’ll find on the left side of your screen.
A small menu will pop up with a “Currency Type” drop-down menu bar.
Click on the drop-down portion and select BTC.
This will further expand the menu so that you can enter the details of your transaction.
Now input your transaction details, and move onto the next step!
Step 2: Find your Recipient Public Address

How To Send Bitcoins From Coinbase.com
To find your recipient's public address ,first of all you need to input your wallet address where you are going to be receiving your Bitcoin from Coinbase.
Let's find below how to send Bitcoin from Coinbase to Binance, Bittrex, Kraken, Poloniex, Electrum, Blockchain.com, or other platforms.
How to Send Bitcoin from Coinbase to Binance

How To Send Bitcoins From Coinbase.com
Click on the tab that resembles a person’s head and shoulders.
A drop-down menu will appear. Click on the “estimated value” button and you will be brought to a page that will list all of the coins you can exchange on the platform as well as your balance for each.
Find the BTC line and click on “deposit” on the right side.
Now you will land on a page which shows your transaction history and a wallet address, in that click on the “copy address”.
Next go back to your Coinbase account and to the transfer menu you opened earlier.
In the recipient/destination section, paste the address you just copied and insert the amount of Bitcoin you want to send in the “Amount” box.
Press “continue” and you will then be asked to confirm this information.
Carefully check everything looks right, and confirm the transfer.
How to Transfer Bitcoin from Coinbase to Bittrex

How To Send Bitcoins From Coinbase.com
Click on “wallets” in the top right corner of the Bittrex website.
You will find now a list of all coins that can be exchanged on the platform and the amount that you are currently holding..
Find the Bitcoin section by either navigating through the list or by searching for BTC in the search bar that is located above the list of cryptocurrencies.
Once you have found the Bitcoin bar, click on the small green circle on its left side and this will show you your Bitcoin deposit address.
Click on the clipboard icon located right next to your BTC address and this will copy your wallet address on clipboard.
Return to your Coinbase account and paste this address into the recipient/destination bar.
Then, add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
How to Transfer Bitcoin from Coinbase to Kraken
How To Send Bitcoins From Coinbase.com
Click on the funding button in the kraken dashboard.
On the left side of the page you find all the available cryptocurrencies on the exchange.
Click on the bitcoins and scroll down the page to find your Bitcoin deposit address. If you have not found the address then, click “generate new address”.
Copy and Paste this address into the recipient bar, and then add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
How to Transfer Bitcoin from Coinbase to Poloniex

How To Send Bitcoins From Coinbase.com

In the poloniex dashboard you find the “balances” tab., in that click on “deposits and withdrawals” tab.
Now you will be redirected to a page which has a list of all cryptocurrencies.
Click the deposit button on the right side of the bitcoin section.
Now you get your wallet address, copy that address and paste it into the recipient/destination bar.
Next add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
How to send Bitcoin from Coinbase to your Electrum Wallet

How To Send Bitcoins From Coinbase.com
When compared to all other platforms, sending the Bitcoin from your Coinbase account to your Electrum wallet is very easy.
Initial process opens up the Electrum software.
Click on the “receive” tab which is located next to the send and history tab, where you’ll find your Bitcoin public address.
Copy this address by clicking on the small clipboard icon next to the wallet address.
Once copied, return back to your Coinbase account and paste this address into the recipient bar.
Then, enter the amount of Bitcoin you want to transfer to your Electrum wallet, continue, and confirm the transaction.
How to transfer Bitcoin from Coinbase to your Blockchain.com Wallet
To send Bitcoin from Coinbase to Your Blockchain.com wallet:
How To Send Bitcoins From Coinbase.com

First visit the dashboard of your Blockchain.com wallet.
In the top of the page, find and click the “request” button.
Request button will show your Bitcoin wallet address.
Click the “copy” button next to the wallet address, and return back to your Coinbase account.
Paste the address into the recipient bar, enter the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
Step 3: Follow up with your Transfer
Following the above steps, you will be able to send out your Bitcoins from your coinbase account.
Next step you have to watch your transaction.
How to watch your Transaction from Coinbase
Randomly check your transaction history on Coinbase
Click on the most recent transaction on the list of transactions on your Coinbase dashboard.
This will clearly show you more details about your transfers.
Click on the link that says “view transaction” and you will be brought to a blockchain explorer, where you will find all the details of your transaction, including its status and the number of confirmations that took place.
How to watch your Transaction from the recipient Exchange/Wallet
You can also view about your transaction exchange platform, as such the
Deposit section of the Binance exchange, the funding section of the Kraken exchange, the history section of the Poloniex exchange, the Bitcoin transactions section of the Blockchain.com website
The history section of your Electrum wallet, which can be viewed when you click on any of your transactions in the “history” tab
The wallets section of the Bittrex exchange when you click on Bitcoin
How long does it take to send bitcoin from Coinbase?
The bitcoin transfer takes only two-minutes., but sometimes it is as late as hours after your transfer. The delay happens because you will need to be verified by miners, and also it depends upon the speed of the network, this could be either a slow or fast process.
Wallets like Electrum only request one confirmation, which is much faster than using an exchange like Kraken, which will require six confirmations.
When a Bitcoin transaction is sent out, it has to wait until it is ready to be verified by a miner. Once it is ready for verification and has been shown on the network, it will receive one confirmation.
Each new transaction added to the network will add another confirmation to yours and some platforms prefer waiting for additional confirmations to make sure that everything is correct before they add your funds to your wallet.
If you have any queries then ask our experts at https://stealthaccshop.com or feel free to call us at +1(480) 637-7566 or have a chat with us at SKYPE/Mail [email protected]
submitted by stealthaccshop to u/stealthaccshop [link] [comments]

Weekly Update — August 30, 2019

Dear Community,
After another exciting week at Ferrum, with the official listing of FRM on Binance DEX, enormous growth on the Social Mining platform in terms of users and quality content, we now invite you “under the hood” of this past week.
Ferrum Network Business Update
To start off, let’s shed some light on the business/marketing/operations side of Ferrum. Within the cryptocurrency space, a day feels like more than 24 hours and time zones are nonexistent. The constant demand for positive news can be challenging, especially in a down market. Nevertheless we remain focused on achieving our goals.
Exchanges
First, the Binance DEX listing on the 26th of August which means FRM tokens issued as BEP-2 tokens can be traded against BNB. We are proud to have achieved this less than a month after our ICO and foresee positive cooperation with Binance in the future.
Our next goal is to list on a 3rd exchange to truly match the current demand for trading options and liquidity. While the listing is confirmed, we are strategizing about the right moment to announce and list.
Social Mining
This industry can feel like a game of chess at times, make the wrong move and suddenly have an entire army of opponents lined up ready to strike. But make the right move, those opponents can change sides and join your team. All analogies aside, we keep a close ear to what our beloved community is saying and do as much as we can to meet and exceed their expectations.
As we’ve seen immense growth on our Social Mining platform, we are delighted to find that our community has been increasingly supporting us. We are nearing 2000 users on the platform and see the content improving every single day. Given the fact that we have 11 months of Social Mining left (with extension likely), it’s exciting to think of what lies ahead.
Ferrum Network Technical Update
We’d like to provide a technical update on he backend of Ferrum and the products within our ecosystem. In particular, we’ve seen demand for additional utility for the FRM token, and we have listened.
Staking Mechanism Preview
We’ve decided to release the staking mechanism that was originally meant for the UniFyre wallet ahead of schedule. Development that was originally planned to be start mid-September is now being actively worked on and progress has been made. Significantly, we wrote a smart contract with the possibility of flexible staking schemes on top of the Ethereum blockchain.
On the front end of the new staking mechanism, we’ll be releasing a straightforward web-based user interface similar to the Token Bridge so people can easily stake their FRM. Although a full featured staking mechanism will be available within the UniFyre Wallet, we’ve decided to release the staking mechanism early to meet current demand.
Token Bridge is Now Live in Both Directions
In addition, our Token Bridge can now swap BEP-2 tokens to ERC-20 tokens in both directions! This allows users to possess FRM in any form desired. Prefer to trade BNB against FRM on Binance Dex? BEP-2 tokens are your friend and you can swap the ERC-20 tokens as you please. If you prefer to trade on Bitmax.io or want to use your tokens for Social Mining, you can swap to ERC-20 token with ease.
We wanted to develop a token bridge that was easy as filling in a simple form and pressing a few buttons. Since many new projects currently follow the same structure of having multiple token-forms, token bridges will become more and more important. We take pride in creating a user-friendly option that can be customized for any project. As further means for increasing FRM utility, we are now actively exploring the idea of partnering with other projects interested in our token bridge.
Kudi Update
As the first product within the Ferrum Network, Kudi is our foothold on the ground. As most of our activities are focused on creating solid techniques and revolutionizing the way we see the financial system, an actual physical product on the ground is our way of creating real-world use cases for our network and utility for the token. The Kudi team has been working extremely hard ever since the launch of the product. While the product is available for both personal use and commercial use, recently the team has been working to increase awareness of Kudi.
Kudi Events and Partners
One way of creating that awareness is partnering up with the Bogobiri Hotel, where we will be hosting three nights of activities filled with arts, music and activities for the hotel’s guests. At the same time, we’ll be inviting potential customers and clients. Those who’ll use the Kudi Exchange when purchasing their tickets will receive a discount, thereby promoting the actual use of the application. Working with hotels was a conscious decision because Kudi’s features, such as instant money transfers, appeal directly to international travelers.
The presence during events across Nigeria is crucial to stimulating the brands’ awareness and user base. In order to stimulate this growth even more, Kudi has partnered with UNWIND Lagos. UNWIND is focusing on young professionals that are eager to be introduced to new techniques during the many networking events hosted by UNWIND. The true meaning and potential of this partnership has yet to be discovered, but it’s a fact that Kudi will be exposed to many possible clients!
In addition to creating more awareness, the developers have been working on upgrading the Kudi app. A lot will be offered with the new upgrade, including the reduction of fees and an exciting new feature that will truly turn your Kudi app into your own personal bank…
What’s Next for Kudi
The entire month of September is filled with networking events such as the previously mentioned Bogobiri Hotel event, The New Atlantic Trade Fair and a networking event in partnership with the Bombastic Lounge. These are all focused on user growth as we continue to improve the app itself.


https://preview.redd.it/8i39ua7fzuj31.png?width=986&format=png&auto=webp&s=ec8676d902d69c51c6beaaf7360de67a048d4219

In addition, the Kudi update is around the corner, which will offer new features and a new look and feel. The team is actively onboarding new customers every single day, while the product itself is developing and improving every single day.
Conclusion
It has been an extremely productive and exciting week. We are happy see more and more activity within our communities. In the near future we’ll be reaching out to local communities to arrange some AMA’s; we’ll be more active on media like Reddit, 4Chan and Bitcointalk to share Ferrum with each and everyone in this industry. We are building something unique, something worth sharing. We can do the building and sharing, but we can’t do it alone.
Join us today on the road to reach each and every goal we have set for ourselves, to the point where we set new goals and run even harder than we have been already!
Very truly yours,
Ferrum Network Team
P.S. from Ian — I want to thank the author of this update, Freek Caron, the leader of our Dutch community and top Social Miner. I think you’ll agree he did an excellent job!
Links:
Website: https://ferrum.network/
Telegram: http://telegram.ferrum.network
Twitter: http://twitter.ferrum.network
LinkedIn: http://linkedin.ferrum.network
YouTube: http://youtube.ferrum.network
Reddit: http://reddit.ferrum.network
Bitcoin Talk: http://bitcointalk.ferrum.network
Facebook: http://facebook.ferrum.network
Github: https://github.com/ferrumnet/
Instagram: http://instagram.ferrum.network
submitted by tentbobert to FerrumNetwork [link] [comments]

[PLEASE READ] ZClassic > BitcoinPrivate Snapshot/Fork Frequently Asked Questions (FAQ) MEGATHREAD 2.0

I’ve been seeing a lot of repeated questions being asked every day so an updated FAQ/Megathread to address all of those questions will be detailed here. If we are missing something, please feel free to let us know and we will add it. We will try to edit this posting as more information becomes available.
Keep in mind the official Bitcoin Private Support portal has now been launched. We have a live chat feature to chat with support, as well as a knowledge base. Please visit the portal at support.btcprivate.org and use the knowledge base’s search function before asking other users.
Snapshot/Fork FAQ
Claiming BTCP Coins
BTCP/ZCL Exchange and Wallet Support
Donations and Contributions program
BTCP Mining
Wallet Troubleshooting
Miscellaneous/BTCP Project Questions
Donate towards the BTCP contribution team, Your donations are 100% voluntary but they are much appreciated!
ZCL: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
BTC: 14Xmfm9jf4h1h4RXZBQCFK6i4LWibqWVPu
LTC: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BTCP Related Important Links
For the official list of links from the BTCP Github, refer to the repo.
Just a re-iteration, the BTCP team has launched the support portal offering resources ranging from live support from our teams, as well as a knowledge base that is constantly being updated. https://support.btcprivate.org Again, please feel free to let me know any questions that’s not currently listed above and we will do our best to answer and include it in the megathread.
submitted by BestServerNA to ZClassic [link] [comments]

Brave browser gives away free cryptocurrency (BAT)

Brave browser gives away free cryptocurrency (BAT)
Brave is a free, open-source web browser that allows you to earn free BAT cryptocurrency. The browser creators: founder of the world-famous JavaScript programming language and co-founder of such browsers as Mozilla and Firefox Brendan Eich.
In addition to excellent results (3 times faster than standard), the browser has a built-in ad-blocking module, what Adblock users should really enjoy. In my opinion, the system implemented in Brave is much better.
Occasionally, founders start an advertising campaigns in which Basic Attention Tokens (BAT) can be obtained for free. Later in this article, you'll learn how to earn them. The estimated cost of the BAT token check at Coinmarketcap.com.
In this guide, you will learn how to:
  1. Join the Reward program;
  2. Create and confirm an account on Uphold;
  3. How to withdraw BAT from Brave;
  4. Convert BAT to BitBay and convert it to your local currency.

Brave browser - my review and opinion

With the Brave browser, you can surf the web even faster. Tests have shown that the browser loads sites on computers twice as fast. Even better results were obtained on mobile devices such as tablets and smartphones, where pages loaded 8 times faster.
https://preview.redd.it/5thrma6wpkp31.jpg?width=239&format=pjpg&auto=webp&s=9203864b860ad181578641b62d5e610d9cf19161
Increased security when surfing the Internet
The Brave web browser creators have taken care of their user's safety. Brave servers not only do not see browsing data and history, but also do not store them. Users can feel safe and easy to visit their favorite sites.
Most of the available security settings can be configured by the user according to his preferences. The browser has a built-in ad blocking system. You can check the number of blocked ads on the dashboard.
https://preview.redd.it/kjz7cyz0qkp31.jpg?width=560&format=pjpg&auto=webp&s=eb770f7cb131879d118062a0e2542e75924f5c53
Additionally, the Brave web browser can upgrade to HTTPS. That means you will almost always use an encrypted and secure connection.
Brave Browser, like Chrome and Firefox, has a built-in module to protect against phishing and malware. These modules are enabled by default, but you can turn them off at any time.
The reward for usage
That is interesting that the browser has launched a system that encourages both regular users and website creators.
https://preview.redd.it/lawroaf7qkp31.jpg?width=560&format=pjpg&auto=webp&s=56c731fe44a3978f923e6db72672c0577682d9b3
Brave awards
So far, no one has paid for watching an ad, and you've paid for it without even watching. Advertising on the Internet has become so tedious that most of us have started using AdBlock to get rid of it.
Brave Browser allows you to choose between blocking ads and viewing them. If you choose the second option, you will be rewarded with free Basic Attention Token (BAT) cryptocurrency. Perfect, right?!
https://preview.redd.it/z6qsg6bbqkp31.jpg?width=560&format=pjpg&auto=webp&s=aa0664a38e2259ce120679d1e9f727b2edef1d13
Once a month, Brave will send a certain amount of BAT cryptocurrency to your personal wallet. This amount depends on the number of ads you have seen while surfing the Internet. Besides, websites you spent the most time on will also receive BAT tokens from Brave.

Detailed instruction how to get free BAT cryptocurrency

To collect 30 free BAT tokens, you must take part in a Brave organized promotion. Follow the instructions below.
https://preview.redd.it/gp0d14yhqkp31.jpg?width=560&format=pjpg&auto=webp&s=aae8ad1769e5974654d565defe9f8cdc4454f58a
  1. Download Brave
  2. Start the Brave browser and enable "Brave Rewards". You can do this by typing " brave: // rewards / " in a browser window
  3. Click the BAT cryptocurrency icon (triangle). If any tokens are available, a message will be shown, otherwise repeat this action in 30 days.
  4. Click on "Rewards Settings", then click on the "Get" button. The number of tokens is limited, so if you don't see a "Claim" button, it means you don't have any funds available. They will be available soon if you are using Brave.
  5. 20 BAT tokens you received can be donated as a "tip".
  6. Now you have to register as a" publisher " to get your referral link. To do this, select the "Publishers" option. For each recommended user you can get $ 5 in equivalent of BAT currency.
  7. In the URL input field, type: "brave://rewards/" and start watching ads for BAT tokens (option will be available soon).
  8. Browsing the Internet with Brave, you can earn free BAT tokens.
Create and verify an account on Uphold
Creating and verifying an account with Uphold is a very important step. If you've completed all the steps above, you should already be a verified Brave publisher.
What is Uphold?
Uphold is a cloud-based financial services platform that allows its users to convert, store and execute transactions anywhere in any form of currency or goods immediately and securely. Website contributed more than 1 billion dollars for transactions made by participants from 181 countries.
The platform maintains companies, programmers, non-governmental organizations, non-profit organizations, and private citizens. For companies and programmers, Uphold is a platform where cloud benefits can be extended to their own company or customers. For individuals, Uphold serves as a wallet for simple, fast, secure and affordable financial services.
Your Brave Rewards wallets will be transferred to your Uphold wallet. Payments are made once a month; you will be notified by email about the transfer from Brave to Uphold. The mail looks like on the picture below:
https://preview.redd.it/wu95q11oqkp31.jpg?width=560&format=pjpg&auto=webp&s=168c9ae0c7fcecb2059118dcdb44f6c084058585
How to create an Uphold account?
To create an Uphold account, go to "uphold.com/signup" and follow the three-step registration process:
  1. Enter your email address, password, account type, and country of residence.
  2. Enter your name, status (if applicable), date of birth, set a username for your account, and phone number.
  3. Enable two-step verification.
Uphold account verification
To become a verified platform member and gain access to the full range of Uphold services, you must complete the verification process. This process includes the provision of confidential information.
To become a verified member:
  1. Go to www https://uphold.com/dashboard/membership/ and press "start";
  2. Enter your current home address;
  3. Take a photo of your valid ID, every detail should be clear, without glare. To do this, take a photo of one of the following documents:
  • Passport;
  • ID;
  • Driving license.
  1. Make a live photo (selfie) / photo of your face.
Tips for successful verification:
  1. Take a photo of your valid ID where every detail is legible without glare or particles.
  2. Take all photos in a brightly lit place.
  3. Turn off the flash to avoid glare on the document.
  4. Make sure the credentials match those in your Uphold account (official name, no pseudonyms).
  5. Make sure your legal document is valid for at least 3 months more.
  6. No photos. When taking a picture, it should be a "live selfie".
Verification is usually completed within a few minutes, and after confirmation, you get instant access to all resources.
Here is an example of verifying your identity using the Uphold web app:
https://i.redd.it/9wx912rwqkp31.gif
How do I link my Brave Rewards account to Uphold?
If you already have a verified Uphold account, it's time to link it to your Brave Rewards account. For this:
  1. Sign in to your publisher account with this URL: https://publishers.basicattentiontoken.org
  2. Find the "Your Uphold wallet" field on the left side of the publisher's panel
  3. To connect your account with Uphold, click corresponding button.
  4. If everything was fine, you will see a green sign "Connected".
https://preview.redd.it/ibysmap1rkp31.jpg?width=600&format=pjpg&auto=webp&s=c1a144c51ceffd93173e8dad8ac39bc7fb735371
From now on, your funds in the form of BAT cryptocurrency, Brave browser will send directly to your Uphold wallet. This will happen 08th of every month.
If you have received a verified publisher status, you can transfer BAT cryptocurrency from Uphold wallet to any Bitcoin wallet, such as Exodus, or directly to exchange cryptocurrencies, for example, Binance.
ATTENTION!
The steps in the guide above don't guarantee 100% free BAT (Basic Attention Token) from brave.com. The pool of tokens intended for the campaign is limited in number. When registering on all sites described in the manual, you must provide confidential personal information, you do so at your own risk. I also recommend you to read all the terms of the contract.
Cryptocurrencies and their trading are complex instruments and involve a high risk of rapid money loss. The vast majority of retail investor accounts record losses as a result of cryptocurrency trading. Consider whether you understand how cryptocurrency works, and whether you can afford the high risk of losing money. When making investment decisions, you should be guided by your own opinion.
submitted by tinabat to u/tinabat [link] [comments]

[PLEASE READ] ZClassic > BitcoinPrivate Snapshot/Fork Frequently Asked Questions (FAQ) MEGATHREAD 2.0

I’ve been seeing a lot of repeated questions being asked every day so an updated FAQ/Megathread to address all of those questions will be detailed here. If we are missing something, please feel free to let us know and we will add it. We will try to edit this posting as more information becomes available.
Keep in mind the official Bitcoin Private Support portal has now been launched. We have a live chat feature to chat with support, as well as a knowledge base. Please visit the portal at support.btcprivate.org and use the knowledge base’s search function before asking other users.
Snapshot/Fork FAQ
Claiming BTCP Coins
BTCP/ZCL Exchange and Wallet Support
Donations and Contributions program
BTCP Mining
Wallet Troubleshooting
Miscellaneous/BTCP Project Questions
Donate towards the BTCP contribution team, Your donations are 100% voluntary but they are much appreciated!
ZCL: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
BTC: 14Xmfm9jf4h1h4RXZBQCFK6i4LWibqWVPu
LTC: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BTCP Related Important Links
For the official list of links from the BTCP Github, refer to the repo.
Just a re-iteration, the BTCP team has launched the support portal offering resources ranging from live support from our teams, as well as a knowledge base that is constantly being updated. https://support.btcprivate.org Again, please feel free to let me know any questions that’s not currently listed above and we will do our best to answer and include it in the megathread.
submitted by BestServerNA to BitcoinPrivate [link] [comments]

Beginners Guide To Using Binance (Buying ALTcoins)

Beginners Guide To Using Binance (Buying ALTcoins)

Hello, Today I am going to give you newcomers a walkthrough on how to setup and use Binance.
Lets Get Started...

STEP 1 - Preparing your Computer for Cryptocurrency Transactions

This is a step most people do not think about. I have been reading more and more about MalWare,Spyware and keyloggers that are specifically targeting Cryptocurrency transactions. If your computer is infected, you could easily lose your cryptos before you even get started. Do some virus scans, malware scans and make sure your antivirus is up to date. I can not stress this enough, make sure your computer is secure before you begin trading cryptos.

STEP 2 - Registration

Once you have a secure PC for setting up your account, you will want to go to https://binance.com Here is a SCREENSHOT of what you will see when you first go to the Binance Website.
Registering is simple. Enter the Email and Password you would like to use and hit register. You will receive an email with a verification link, once you verify your email, your account will be registered.

STEP 3 - 2FA (Two-Factor Authentication)

When you first login you should be greeted by this SCREEN. Depending on how secure you want your account to be, I highly suggest you enable Two-Factor Authentication. What 2FA does is creates a random 6 digit number that changes every 30 seconds. You will also need this code on top of your email and password to login. So if someone does somehow manage to steal your password, you will still be safe as long as they do not have your 2FA device. The only option available is by Google Authenticator which is available for both Android and iOS Smartphones.
Once your ready to begin click the Google Auth Button and it will bring up this SCREEN

STEP 4 - Making a deposit

STEP 5 - Trading

Before you buy your first coins you will want to grab yourself a few Binance Coins or BNB to pay for trading fees. In order to take advantage of the 0.05% trading fees you will need have some BNB. If your only doing small trades, I suggest just buying 1 or 2 BNB to get a feel of how much each trade costs. One of the main reasons to do this is because binance does not allow you to trade in small decimals, so if it ends up taking your fees from the coins your trying to buy, you will be left with untradeable dust. Say you buy 110 XRP and do not have any BNB to pay for the fees. Your fees will now be 1% of the total amount or 1.1 XRP. So you will have 108.9 XRP and will be unable to trade the 0.9 XRP back to Bitcoin or Ethereum. This 0.9 XRP is considered "Dust". Binance is apparently working on a solution to this. Buying BNB is easy. From the Exchange Screen find the BNB/BTC pair (if you deposited Bitcoin) and place a market order to buy some BNB. The method will be the exact same as shown below.
Once you have some Bitcoin or Ethereum loaded into your account your now ready to trade it for other coins. I'm assuming at this point you have done your research and know the coins you want to get into. In this example we are going to use a popular cryptocurrency called XRP or Ripple. Hit the "Exchange" Button on the top left of your screen and go to basic. It will bring up a screen with charts and a bunch of green and red numbers. HERES AN EXAMPLE
There are two types of orders you can make:
If you want to sell your ALTcoins back to Bitcoin or Ethereum then place a market sell order or limit order at the price you want to convert them back.

STEP 6 - Securing your new coins

Depending on if your strategy is too buy and hold, Once you buy your coins you will want to secure them by sending them to the individual wallet made for the coin you bought. In our case we just bought Ripple XRP. So you go back to your "Deposits and Withdrawals" under the "Funds" tab in binance and type in the search bar the coin you want to send out.
Make sure you have the right coin and hit the "Withdrawal" button. You will be brought to a screen where it wants you to enter your wallet address. Here is an example from the "Toast" website Your address would be the string of random letter and numbers above the barcode. Copy and Paste this into the address bad where I labeled "Your Address Here" USE THIS SCREENSHOT AS A REFERENCE Any withdrawal transaction will also be recorded under "History" under the "Funds" tab. Your coins should now show up in your toast wallet.
Be sure when you are researching a coin to buy to also do some research on what wallets are available and how secure they are. Although there are multi-currency wallets, typically you will have 1 wallet for each different coin.
submitted by Mcgillby to CryptoCurrency [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

https://preview.redd.it/fl5e0q7i3cc41.jpg?width=1024&format=pjpg&auto=webp&s=445485d722839a9adc1ae13db4c965b0ae3e67b7
Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

https://preview.redd.it/coenpm4k3cc41.jpg?width=808&format=pjpg&auto=webp&s=8832dcafa5bd615b511bbeb6118ef43d73ed785e
Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
https://preview.redd.it/0v13qoil3cc41.jpg?width=808&format=pjpg&auto=webp&s=e6134bc089c4e352dce10d754dc84ff11a4c7994
However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
https://preview.redd.it/fabg1nxo3cc41.jpg?width=808&format=pjpg&auto=webp&s=6d939889c3eac15ab1e78ec37a8ccd13fc5e0573
Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
https://preview.redd.it/eg4qk9qr3cc41.jpg?width=808&format=pjpg&auto=webp&s=c3ca8cdf654330ce53e8138d774e72155acf0e7e
The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
https://preview.redd.it/wvhiepht3cc41.jpg?width=730&format=pjpg&auto=webp&s=0617eb894c13d3870211a01d51af98561907cb99

https://preview.redd.it/qhi8izcu3cc41.jpg?width=730&format=pjpg&auto=webp&s=09da4efe1de4214b0b5b9c7501aba5320e846b4c
However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
https://preview.redd.it/xj1kbuew3cc41.jpg?width=808&format=pjpg&auto=webp&s=68056f2247001c63e89c880cfbb75b2f3616e8fe
Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
https://preview.redd.it/qcqunaby3cc41.png?width=672&format=png&auto=webp&s=b77b45ac2b44a9af30a4985e3d9dbafc9bbdb77c

The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
https://preview.redd.it/wel3rka04cc41.png?width=669&format=png&auto=webp&s=3f93dac2d3b40aa842d281384113d2e26f25947e
Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
https://preview.redd.it/is89ep924cc41.png?width=699&format=png&auto=webp&s=f0419c68fe88703e594c121b5b742c963c7e2229
(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
https://preview.redd.it/vb4mj3n54cc41.png?width=707&format=png&auto=webp&s=0c63b7c99ae1c114d8e3b947fb490e9144dfe61b
(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
https://preview.redd.it/t04qs3484cc41.jpg?width=808&format=pjpg&auto=webp&s=a3b106cbc9116713dcdd5e908c00b555fd704ee6
In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1
The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
submitted by bitmex_register to u/bitmex_register [link] [comments]

Ethereum Leading The Altcoins - Binance.us Launched: Will Binance Lose Its #1 Position? Live Bitcoin Liquidation Watch: May 19 2020 Proof Of Stake Alliance, Congress/XRP, 100 Days Left, Best Performing Asset & Japan LINK Live Bitcoin Liquidation Watch: April 3 2020 - YouTube You are being LIED TO about BITCOIN 🚨DON'T BE FOOLED ... NEW BITCOIN BULL MARKET STARTING?! - Only One More Confirmation Left Binance vs Bittrex - Cryptocurrency Exchanges Compared Side-By-Side!

Once clicked, you will be redirected to the dedicated coin-wallet page. In this example we decided to deposit Bitcoin: On the right side of the page, we can see our new dedicated wallet address. This address is unique for our Binance account; in other words, anything that will be transferred to that address will be credited to your account. Binance exchange review 2020 is a comprehensive review on Binance, the review explains the basics of Binance exchange with the help of tutorials, images, videos, and useful links, You will find Binance Exchange Key Points, How To use Binance, How to Trade on Binance, How to deposit and withdraw from Binance, Binance Fees, Binance Supported Cryptocurrencies, Binance staking, Binance Lending ... Here's a guide on binance; how to withdraw your funds from the platform. Whether you are a hodler, or a trader, or you earn bitcoin or any altcoin, the Want to buy now but transferring from gdax to binance. Taking forever! no confirmations at all in an hour. Getting slower and slower. Logged Quote from: clinical on June 16, 2014, 10:19:45 PM. Thank Fowler we're not getting Caulker. thejbs. well-focussed, deffo not at all bias.....ed; Believer; Posts: 4,971; Re: Bitcoin and Cryptocurrency « Reply #1004 on: December 20, 2017, 01:19:51 PM ... Binance is one of the newest but also most popular bitcoin exchanges in the market today. Founded in 2017 by Chinese entrepreneur Changpeng Zhao, the exchange has grown in users as well as reputation in a matter of months. Binance initially started out with its headquarters in China and then… Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. The buy and sell orders are located on the right side next to the corresponding trading history. The buy and sell boxes are directly underneath. How to Buy and Sell on Binance. Clicking on Basic or Advanced Exchange will bring you to the general trading window. For the sake of simplicity, I will explain how to perform a trade using the Basic mode. The main trading pairs on Binance are Bitcoin ... Upon the final confirmations, you’ll see that your overall account balance has been updated. Additionally, you can also purchase one of the base cryptocurrencies that will be used to buy Steem b Bitcoin Confirmations. You probably already know that Bitcoin’s blockchain creates a new block about every 10 minutes through the mining process. This block then verifies and records new transactions and appends them to the Bitcoin blockchain. This means that a transaction is unconfirmed until the new block is generated. Therefore, if you’re sending or receiving Bitcoin, it’s essential ... Binance: The World’s Leading Cryptocurrency Exchange? In our review, we will attempt to outline everything that you need know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.. Visit Binance

[index] [18488] [13678] [16313] [22961] [3964] [12312] [8717] [19783] [5701] [21684]

Ethereum Leading The Altcoins - Binance.us Launched: Will Binance Lose Its #1 Position?

Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videos Protect your crypto with a Ledger - the world’s best hardware wallet: h... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Ethereum is showing strenght last several days and bouncing pretty well. We still need confirmation but this could be the first altcoin to pull things off for a comeback of the altcoins. Bitcoin ... Bitcoin Liquidation Watch Livestream: Center Chart is 10second bars. Along right side are the significant trades, with audio alerts turned on. Bottom left ch... In today's Bitcoin update, we discuss oscillators, patterns, trading strategies, and more. We talk about some wisdom that can help us to be profitable in today's Bitcoin market, as well as some ... Binance vs Bittrex compared side-by-side to determine which exchange is best for trading cryptocurrency. After reviewing each exchange, there is a clear winner for buying and selling altcoins. Bitcoin Liquidation Watch Livestream: Center Chart is 10second bars. Along right side are the significant trades, with audio alerts turned on. Bottom left chart is bitcoin 1 hour bars. Top two ...

#