(Update Oct. 2019) How to Withdraw Bitcoin to Cash in the ...

How is your passive income from Crypto going in 2020? So far I have made around $11k plus from approximately 13 or so sources. Details below.

I remember in 2017 there were epic stories of people making fortunes from free crypto-giveaways – for example, the nano faucet gave people fantastic wealth if they held on all year. Then there were things like the various bitcoin forks – great if you cashed in.
Now in 2020 there seems to be another uptrend in terms of the ability to get “free crypto” – in various ways. Overtime this can build up to quite a lot.
This year I have:
  1. Coinbase earn – I’ve done almost all of these and have had a few referrals. I think I earned maybe $200 or so all up, cashed in BTC, and that BTC is probably around $400
  2. Reddit moons – I have earned 3100 moons, sold for roughly $220
  3. Uniswap – My free 400 tokens are still held, so they are worth maybe $1200
  4. Binance Coin – lots of staking and lottery compensation payments here – for example, I recently sold my Flamingo, Venus and Alpha tokens – maybe $30;
  5. Hex – Yes I know it’s a scam, but I think I bit have a decent little payout in a month when my 90% locked tokens open (won’t say how much as that will reveal my BTC wallet holdings);
  6. Swissborg – A fun little “guess the bitcoin app” that has $50 worth of tokens in it now;
  7. Brave Browser – I’ve earned like $20 from that this year (insert: “Its not much but its honest work gif”);
  8. Uniswap Pools etc – Hard to calculate this one but I’m earning some really great fees and Uni from pooling WBTC and WETH – about 0.5% return a week. Was also previously staking Uni / ETH - I made $1000 in fees but mostly gobbled up by impermanent loss.
  9. Honeyswap – Every 48 hours, I log-in to get free honey from the faucet – around $40 or so;
  10. Survey – I did a phone survey for a local project and got given $100 of free tokens;
  11. Livepeer – No idea what this is but I sold two airdrops for around $20;
  12. Nexus Mutual – Probably the king here. Invested $1200 worth. Received a 58% dividend on the first day of staking (say $700) which I reinvested. That $700 is now $8000 or something ridiculous (and itself earning rewards), plus another 13 NXM (So another $416 on top).
  13. And then lots of rats and mice rewards from things like staking Celsius, staking Tezos referral rewards etc. I even have 3000 of that damn Pi coin thing but don’t know where that is going.
  14. And to top it off a free ledger nano for participation in a private group on FB
  15. (EDIT: I forgot to mention I am currently winning a "pick four" crypto competition that I entered in January where you pick four cryptos and the winner takes the pot. I picked BTC, FTX, SNX and CEL - so that might be another $200 to add to my collection!)
So in all, that is an entire bitcoin just for doing a bunch of crazy stuff. Who said it was difficult to join the 21 million club?
So for some people that might be considered a decent pay package for a full time job! What other opportunities do you guys have where you have passive income coming from crypto? Am I missing any obvious ones here?
submitted by Cryptodragonnz to CryptoCurrency [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

GC 3.08-10.08 Weekly Market Summary

GC 3.08-10.08 Weekly Market Summary
Quick weekly news:
  • Bitfinex offers “up to” $400 million rewards for bitcoins stolen during the 2016 exchange hack.
  • Electric Capital raises $110 million for the second fund, eyeing DeFi, and 1st layer expansions .
  • Missouri man pleaded guilty to trying to buy chemical weapons with bitcoin
Other notable events include:
- Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning.
- The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August.
Also, be sure to check out top altcoin gainers and losers of the week.⬇️

Double Trouble
Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning. A chain reorg occurs when a party gains more hashing power than the rest of the network miners, allowing them to rewrite the chain’s history and “double-spend” its crypto. Bitfly and Binance reported the reorganization, announcing all Ethereum Classic payouts, withdrawals and deposits had been suspended due to the attack. The network has suffered major reorg attacks at least twice in the last two years. In late July, hackers moved more than 807,000 ETC from unspecified crypto exchange to several wallets, according to Bitquery.
DeFi Development
The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August. The program is modeled on Silicon Valley’s Y Combinator program and will invest $120,000 in each participating team in exchange for future token purchases. Volt Capital co-founder Imran Khan and CDA partner Qiao Wang will lead the eight-week program for early-stage startups, plus a fast-track program to introduce more established startups to relevant experts. “DeFi has all the fundamental qualities to become a real, trusted alternative to the legacy financial system,” Wang said.

https://preview.redd.it/dcw35es747g51.jpg?width=1200&format=pjpg&auto=webp&s=ffdd3435a4cfd0591d10a06f67557b463cae4590
submitted by Kononenko_Ivan to GoodCrypto [link] [comments]

Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19

Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19
Hi folks! We are catching up real quick. Here’s your week at Parachute + partners (1 Nov - 7 Nov'19):

Three new projects and their awesome communities joined the Parachute fam this week: Wibson, VideoCoin and Chiliz. Welcome! And if you missed, we also added Shuffle Monster, Harmony and CyberFM last week. #cryptoforeveryone is getting bigger by the day. Woot woot! In this week’s TTR trivias, we had Richi’s movie quiz qith a 25k $PAR pot. Charlotte's Rebus trivia in TTR on Tuesday had 25k $PAR in prizes for 10 Qs. Noice! Jason’s creative contest for this week was #artdeadmin: “draw/paint/sketch/whatever you imagine a group of the parachute admins doing together”. Click here to check out some of the entries of the TTR Halloween photo contest from last week. Doc Victor (from Cuba) hosted a Champions League wager round in tip room. And congrats to Victor (Anox) for passing his final Medical exams. We have 2 Doc Vics now. One from Cuba and the other from *redacted*.
Some of the top #artdeadmin submissions. Insane talent!
Jason’s running medal collection. Say what!
Andy shared the latest standings in the Parachute Fantasy Football League (#PFFL). Clinton (7-2) is on top followed by Chris (7-2) in second place and Hang (7-2) in third place. So close! As we rolled into November, Parachute crew signed up for Movember. So now we have 3 teams from the Parachute fold, doing a no-shave November for men’s health issues: Parachute (Tony, Cap, Alexis, Cuban Doc Vic, Richi), TTR (Vali, Ashok, Tavo, Alejandro, Marcos, PeaceLove) and TTR-Ladies (Mery, Martha, AngellyC, Liem, Durby, LeidyElena, Charlotte). Show them some support peeps! This is all for charity. Show them some support folks! This week’s #wholesomewed was about “your most precious possession and give us the story of why it is so precious to you”. A whole lot of $PAR was given out for some real wholesome life stories. Best. Community. Eva! Two-for-Tuesday theme for this week: colors! As always, a melodic Tuesday thanks to Gian! And thank you Borna for writing about Parachute and ParJar on the Blockchain Andy blog.
<- This is where Jose creates his magic. Respect / Cuban Doc Vic’s doggo, Symba, could easily be a TTR mascot. Good boi! ->
This week at aXpire there were two separate $AXPR burns: 20k of last week and 200k of this week. Last week’s news recap can be seen here. Congratulations to the team for being conferred the honour of being handed a key to Miami-Dade County by Mayor Carlos A. Gimenez at the 2019 Miami-Dade Beacon Council Annual Meeting & Key Ceremony. aXpire's disruptive solutions like Resolvr (expense allocation), Bilr (invoice management) and DigitalShares (deal marketplace) help hedge funds and PE firms scale through better profit margins. How? Read here. Did you know that the 2gether Ambassador Zone lets you customise referral messages with a #PicOfTheDay while you earn some sweet 2GT rewards? Super cool! There was an upgrade to the platform this week that might have led to a temporary deactivation in withdrawals while the update was being deployed. CEO Ramón Ferraz’s interview by BeInCrypto was released. Founder Salvador Algarra travelled to an ABANCA event for a keynote speech on Fintech innovation. Next week he will be at Rankia's Blockchain and Crypto Tech gathering to speak on "Blockchain, from predicting the future to building it". CardRates’ feature article on 2gether came out this week. The BOMBX:XIO token swap bridge went live. The swap will be open till 15th December. Plus, $XIO is now listed on DDEX and Switcheo. There were some disruptions in the bridge from time to time because of heavy traffic. Hence, the team also set up a manual swap page as an alternative solution. And please be wary of scammers posing as admins to help with the swap instructions. For any doubts, always reach out to accounts with admin tags on the official Telegram channel. The first set of incubated startups will be revealed on the 22nd of November. Ever wanted to find out about the people who frequent the BOMB token chat? Well, the BOMB Board is running a "Humans of Bomb" series to feature some of the most active members. This week, say Hello to Gustavo.
Key to Miami-Dade County awarded to aXpire. Cool!
WednesdayCoin’s founder Mike floated the idea of making WednesdayClub open on all days. The nature of the $WED token will not change on chain. Just that it will be usable inside the DApp everyday. What do you think? Let him know in the Reddit thread. Birdchain’s $BIRD token was listed on Mercatox this week. A new monthly referral contest was launched as well. 50k BIRD tokens to be won. Nice! Want the SMS feature to be released in your country? Start promoting! A featured article on Chainleak capped off the week perfectly for Birdchain. $ETHOS, $AXPR (aXpire), $HYDRO, $BNTY (Bounty0x) and $HST (Horizon State) were added to the eToro Wallet. The airdrops for Switch’s various token holders were distributed this week. As mentioned earlier as well, $ESH and $SDEX are revenue sharing tokens. Winners of the John McAfee contest and trading competition were announced. Congratulations! Tron blockchain support will be added to the Switch-based McAfeeDex next week. The news was covered by Beincrypto, U Today, Crypto Crunch, Altcoin Buzz and Tron’s Justin Sun as well. The Dex was featured in a Forbes article about John McAfee’s views on Libra. The latest community contest at Fantom involves writing educational articles on the platform. If you have been following Fantom developments, then this would be a breeze. Also, USD 100 in FTM tokens to be won. Sweet! Check out the cool $FTM merch on display at Odd Gems fashion. Even though these are not official gear, they have the blessings from the project. CMO Michael Chen sat down for an interview with Crypto Intelligence India to talk about the upcoming mainnet launch. The crew also appeared for an AMA with Atomic Wallet community. The latest technical update covers "Golang implementation of Lachesis consensus" or Go-Lachesis in short. Check out its demo with 7 nodes here.
Parachute presentation (WIP). That’s right. 500k transactions and counting. Wow!
While the Uptrennd Halloween contest got over last week, AltcoinBuzz made a friggin amazing graphic! Don’t forget to follow the Ann channel to stay up to date with the latest from Uptrennd. Founder Jeff Kirdeikis also announced that he will be working closely with PrefLogic on Security Tokens. Jeff’s interview with MakerDAO Biz Dev Gustav Arentoft came out. After some upgrades on Uptrennd, withdrawals are live again. Instead of the weekly meme contest, there was a flyer contest this week. 5k $1UP prize pool for winners. Wicked! The latest community picked TA report was on ETH. And the crew reached Malta for the AIBC Summit. More pics next week! Did you know that you can get Opacity Gift Codes for various plans at ShopOpacity.com? If not, make sure to read up on the Opacity October update. Catch up on the latest at District0x from the District weekly. The District Registry was live demo’ed. Looks cool! Hydro crew travelled to the Web Summit in Lisbon to spread word on the project. They were also represented at the Chicago fintech science fair this week. For a summary of the last few weeks gone by at Hydrogen, you can read the Project update and Hydro Labs update. We have covered most of these in previous posts. For the latest scoop on Hydro Labs, there’s always the Ann channel. Silent Notary’s Ubikiri wallet is undergoing upgrades. One of which is, wallets will be auto-named after creation. A ton more upgrades to be released. Sentivate announced a reorganisation in the company in order to devote full focus on Sentivate. The parent company will close and all resources will move to Sentivate. Here’s another use-case story to emphasise the potential of Universal Web. In the latest community vote on Blockfolio, folks voted overwhelmingly Yes on whether they would like to see more explainer articles on web tech. Also, the epic shoutout from Scott Melker (The Wolf Of All Streets) has to be the best thing ever!
Updated Sentivate roadmap for next 3 months
Pynk travelled to the Web Summit in Lisbon (wonder if they crossed paths with Hydro and SelfKey teams) as an official delegate of the Mayor's International Business Programme and were featured by KPMG. How to catch people’s eyes in a Summit where everyone is trying to grab your attention? With LED back packs. Genius! Such a lit idea, that even Web Summit tweeted it. Woohoo! And then they rocked a series of pitches to get to the big stage. Wins in Round 1 and quarter finals ensured an entry into the semi finals on the main stage. Click here to watch their presentation. Great job guys! Business Insider Poland included Pynk in their list of 12 Fintech companies worth following. The latest Pynk Tank episode delves into deep fakes in political advertising. One of the upcoming features on the platform will be the addition of gold to the daily price prediction tool. Pynk has "absolutely no interest in Bitcoin fanatics, ‘bagholders’ or ANYONE who mentions moons or Lamborghini’s. It’s tacky". This vibes perfectly with Parachute. Read more on Pynk's guide to becoming a super-predictor here. Horizon State announced that it will be resuming business under a new management. Welcome back! The original $HST token will not be supported anymore. The team will be looking into how the token holders are included in the new system. DENGfans, don’t forget to check the mini-projects posted by Mathew in the Telegram channel. Look up #getDENG in the channel. If you’re proficient in excel and VB, get in touch. Shuffle Monster’s $SHUF token is now listed on Dex.ag which acts as a decentralised price aggregator. CyberFM distributed the $CYFM payouts for October this week. Total payout as of 1st Nov is USD 266k+ in crypto. Say what!
Pynk’s LED back packs are a stroke of genius
OST’s Pepo was the 19th most popular dApp on State of the DApps last week. This week it climbed to the 16th position. Upcoming features on Pepo include video replies, threads and debates. Stay tuned! OST crew was at the Web3 UX Unconference in Toronto to talk all things UX. Next week they will be at ETHWaterloo to present and judge the UX award there. SelfKey’s $KEY token got listed on Hong Kong’s Lukki exchange. Like Hydro, the SelfKey team also attended the Web Summit in Lisbon for networking. If you were there, hope you said Hi. Ever wondered how Distributed Identity keeps your information private and safe when blockchains are supposed to be public? Click here to find out how SelfKey does this. More insight was shared into the Chainlink partnership this week by Constellation CEO Ben Jorgensen. The team attended the Air Force Space Pitch Day where it was selected to pitch the platform to attendees. Go get’em! How and why does Constellation do things? Check out the Constellation Principles. The October update for Yazom covers news such as alpha build of the app nearing completion, ongoing deal negotiation with clients etc.

And with that, we close for this week in Parachuteverse. See you again soon. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19
Hiya folks! Starting today and over the next 10-12 days, I'll attempt to catch up on all the pending weekly updates. Seeing how much goes on in Parachute + partnerverse in a week, this is going to be a humongous challenge. Let's see how it goes. Wish me luck! Our good friends at Uptrennd, did a shoutout to a previous weekly update. You guys rock! And this is why making these updates is so worthwhile. This week's post is easily going to be the biggest one yet. Here's your week at Parachute (29 March to 4 April):

Parenas were aplenty this week. Starting with the weekly Parena which Alexis won to take home a lion’s share from the 200k PAR pot. Alexis also picked the Metallica theme Parena spoils by beating Kamo in a quick finale battle and claimed his rightful share from the 100k PAR pool. And finally, we had a WED Parena after a long time. Chris sponsored 1M WED for the Parena pot, and almost won the winner’s share if not for Clinton whose Zebra beat Chris’ Mink to claim top spot. Damn! That’s a ton of PAR and WED given away in a single week in Parenas. Jason hosted the first ever Parachute-based trivia instead of the normal Gamee games for the week. It’s been a fun ride with even Cap and Ice getting stumped by one of the questions.

3-2-1, Kamo goes down! Alexis is victorious!

We are also starting to see multiple Parachute partners collaborating with each other. Zachary from BOMB joined Jeff from Uptrennd for a live stream chat on what the future holds for the crypto market. In other BOMB news, the BOMB puzzle stayed unsolved. 1000 BOMB tokens were burned as a result. The riddle was about Vitalik Buterin’s death hoax. To prove that he was alive, Vitalik had uploaded a picture of the latest block size. The answer could be reached by hashing together the block reward and parent block and finally adding gas at the end. ETHOS followed up its BOMB listing with a featured article explaining what the project was all about. Folks who haven’t had the chance to read up on BOMB yet, check it out. Did you know that ETHOS has been acknowledging good conversations in their Telegram channel using ParJar for quite some time now? Read here about it and join in! The latest updates to the dev diary and dashboard were made this week. Also, if you aren’t on Uptrennd yet, check out this article on MrBTC to find out what you’re missing out. “Uptrennd currently share around 80% of the websites revenue with their users”. Boom!

PoL – Proof-of-Life

In Cryzen-world, all Free accounts participating in the Battle of the Bots #1 Competition were upgraded to Starter accounts for the month of April. Simulation sharing is now live on the Cryzen Code Studio thanks to Robin. Any backtest can now be shared with the world using a link. Click here to check the test run of Shuvro’s Mean Reversal algorithm. Once there, you will be able to use the Share button and social links on top to share the backtest with friends. Plus, the algo-of-the-week would have to be Shuvro’s Mean Reversal bot live trading ETC on Binance netting an ROI of ~16%. Pretty neat!

This beauty looks like a contender for the Battle of the Bots

Matthew sat down for a tete-a-tete with Ben (Ethfinex) to talk about the aXpire project. While AXPR didn’t make it to Ethfinex in the vote (more on that in the next update), the greatest takeaway was the community and influencer support that came along the way. Roger Ver, J.D. Salbego, That Martini Guy and Crypto Mobster (Ash Davidson) were some of the well known personalities that got behind aXpire. Oh Hey Matty’s review of AXPR also came out this week. And there’s not enough that could be said of the awesomeness of the aXpire community. They came out in numbers to back up the project and vote. In the next update, we will share how the community gave exceptional support during the voting phase. On a lighter note, this was also April Fool’s week. aXpire’s prank turned out to be so believable that some folks got stumped. The team had to change the headline and add an “EDIT” to emphasise that it was a joke. Haha! Remember, aXpire’s visit to SOS Children’s Village in India? Here’s some pictures from the visit. The monthly AXPR burn was also this week. 110k AXPR gone forever. Congratulations to the Telegram contest winners for snagging 100 USD worth of AXPR each! And finally, click here and here for a sneak peek at the MatchBX redesign. Stay tuned for more! Below is a big picture view of how aXpire is building adoptable blockchain infrastructure for all:

The aXpire ecosystem has both enterprise and consumer products

2gether co-founders Ramon and Salva were invited this week by KPMG as part of their KPMGTalks Series. Click here and here for pictures from the event. As chosen by the community through a vote, this video is now the official intro for 2gether. Also check out the presale trailer which features the intro. If you’re participating in the presale, make sure to go through the product roadmap and fund use plan. And if you’re travelling to the FinTech Unconference in Madrid in May, you can catch a moment with Salva who will be speaking there.

Intended Use of Funds from 2gether presale

HYDRO fans, check out the latest community update for a lowdown on all things HYDRO. Some of the highlights from the update are – addition of ParJar (covered in our last update), listing of HYDRO on ETHOS, making it to the final Ethfinex list for community vote (like aXpire). The Hydrogen Molecule security token investment platform is under development. For a demo, you can get in touch with the team. Hydrogen co-founder Mike was in Istanbul this week to speak on “APIs and Cloud” as part of the Istanbul Fintech Week. Click here for pics from the event. Plus, HYDRO is now part of Binance Info’s Transparency Initiative. As a result, the project received the V label (like Fantom did). The V label means that the project team is itself providing relevant information on Binance Info. As part of the Ethfinex voting process, Ben interviewed Mark Anstead, Hydrogen head of BD. Hydro will be BUIDLing a Bitfinex/Ethfinex/NEC centred dApp if they make it to the top 3 in the votes. In more BUIDL news, the upcoming Hydro dAppStore could look like the following:

Hydro dAppStore UI teaser
Blockport fans will know that social trading is a key upcoming feature of the project. In this detailed piece, founder Kai explains the details of this feature and what it holds for the future of Blockport. In Switch news, the first fee airdrop to ESH and SDEX holders was done this week. As part of distribution, 300k ESH and more than 3k USD in ETH was given out. A few more quick updates can be found in this article. Here’s John McAfee speaking on the importance of DEX’es and why SwitchDEX is a promising project. If you haven’t read up on SwitchDEX yet, this article lays bare the details of the Dex and its token (SDEX). Bounty payouts with Bounty chocolate bars was enabled by Bounty0x on 1st April (notice the date :p). Wonder if anybody tried a payout. The BNTY roadmap was updated recently. Check it out here. Plus, if you are participating in any bounty on the platform, the weekly distribution report will be of interest. Opacity enthusiasts, check out the March update from Jason. Some key takeaways from the update would be on the development-front. Opacity is also one of the few projects in the crypto-space that share finance updates. Below is 2019 expense forecasting for Opacity:

Actual expenses for March, forecasts for others

And finally, a quick summary of updates from some of the other partners. District0x is calling on meme lords to be prepared with their dankest memes for the MemeFactory0x launch day. The weekly District update and biweekly Dev update share the latest progress in District Registry and Ethlance among others. Fantomites, check out the monthly recap of the project for March. Another FTM fundamental analysis dropped this week. This time by FundaMint. Check out the analysis report here. Fantom’s CIO Michael Kong sat down for an AMA this week to answer questions from the community. His reverts can be found here. Dutch followers of Fantom, make sure to mark your calendars for an AMA on 25th June. That Martini Guy’s video mentioned in the aXpire update above also covered FTM as one of his picks for Q2 2019. Woot! Horizon State Token (HST) is now available for trading on Easy Crypto for folks in both Australia and New Zealand. The latest version of the Gem app (v0.17.4) with significant performance upgrades is now live on the App Store and PlayStore. The WednesdayClub dApp is now searchable on dappradar and state of the dapps.

That’s it for this week! Have a great weekend folks. Don’t forget to listen to this super chill soundtrack recommendation from Cap. Until next time. Ciao.
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Top 10 Affiliate Programs to Earn Bitcoin

Top 10 Affiliate Programs to Earn Bitcoin

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When we launched the Redeeem affiliate program we did a lot of research on other crypto companies, and what their affiliate policies were. We studied the many structures to an affiliate program, and we made a list of the top 10 crypto affiliate programs.
A few popular affiliate program models:
  1. Recurring Revenue Model - you have a unique URL affiliate link, and when you send it to people their account is linked to yours, and you get a percentage of whatever they spend or trade during their time. Sometimes this can be time limited (for 30 days), but typically goes for the life of the person you refer. Typically referral fees are taken from the company, so the company might advertise as 30% of Company's revenue, or it may say 1% of money spent on the platform.
  2. Initial payout Model - this is the most popular and simplest model for paying affiliates. A simple pay per sign up, typically between $5 and $15 per sign up you get. However, rarely will you get paid just for the signup, instead the new user must complete some "engaging action" on the website - a purchase, a trade, or a post.
  3. Multi-tiered Revenue Model - this is an extrapolated model from the recurring revenue model, where there are multiple tiers, or levels, so you get paid for the people who get referred by the people you refer. Typically it's a smaller % for the indirect tier, since you didn't do any work, but it does incentivize people to find the power players and refer them to the website.
Below are the Top 10 Affiliate Programs to Earn Cryptocurrency that we've found. Granted there are many affiliate programs out there, but if you're looking to start a blog, Youtube channel, or other content idea to get paid through affiliate links, check these out first.

LocalBitcoins
https://localbitcoins.com/

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LocalBitcoins is a peer-to-peer trading site for bitcoin to 100's of other currencies. A fantastic option to get access to bitcoin.
LocalBitcoins offers a 20% commission for your affiliates directly to your Local Bitcoins wallet. If you refer both a buyer and seller, you will get a commission from both referrals or 40% of the total transaction. Payouts will be paid daily to your LocalBitcoins wallet for one (1) year from user's registration.

Redeeem
https://www.redeeem.com/

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Founded in 2018, Redeeem is a fast, safe and easy way to buy and sell gift cards using cryptocurrencies. The goal is to accelerate the adoption of Bitcoin into the global economy and showcase its endless potential.
For every person that signs up with your affiliate link you earn 1% of their total crypto trade volume, paid nightly in bitcoin. This has no expiration nor limits so you continue to earn passively as long as your old and new affiliates trade.

Abra
https://www.abra.com/


Founded in 2014 by Bill Barhydt, serial entrepreneur and global mobile-banking veteran, our team is based in Silicon Valley and committed to forever changing how the world moves money.
Abra's Affiliate Program lets you offer a $25 joining bonus to your referrals, and earn $25 for each affiliate that will sign up using your Referral Link. For affiliates and new users to receive their $25, they must either 1) Deposit a minimum of $5 to their Abra wallet via a US bank account or eligible American Express card; Or 2) Deposit crypto and exchange it to other assets EXCEPT for BTC, BCH, ETH or LTC. This option will allow the referrer and referred to receive 0.75% of the exchange total, up to $25. The referred user must also have accrued a minimum of $5 in rewards to receive the payment.

Binance
https://www.binance.com/en

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Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume.
Inviters and referrals can share up to 40% referral commissions from their trading fees under Binance's upgraded Referral Program. Inviters can choose to share a portion of the commissions received of the friends they invite and set the sharing rate as 0%, 5% or 10% (for inviters with daily average BNB of less than 500, and base referral rate is 20%). For inviters that have a daily average BNB of more than 500, their base referral rate is bumped up to 40% and have the option to share 15% or 20% with their referrals.
All referral commissions (both those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour from 12:00 AM until 1:00 AM (UTC) of the next day.

CEX.IO
https://cex.io/

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Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange, trusted by over a million users. CEX.IO offers cross-platform trading via website, mobile app, WebSocket and REST API, providing access to high liquidity orderbook for top currency pairs on the market.
Current Affiliate program offers a 30% commission on the fee of exchange transactions of every new user that signs up with your Referral link.
Changelly
https://changelly.com/

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Changelly is a non-custodial instant cryptocurrency exchange. They act as an intermediary between crypto exchanges and users, offering access to 130+ cryptocurrencies. The company mission is making exchange process effortless for everyone who wants to invest in cryptocurrency. Operating since 2015, the platform and its mobile app attract over a million visitors monthly who enjoy high limits, fast transactions, and 24/7 live support.
Loyal customers get a special feature in the Affiliate Program. Customers who share their affiliate link or add the Changelly widget can get 50% profit from every transaction made by new users that signed up via your referral link. The link is permanent, and the reward is given in bitcoin equivalent.

YouHodler
https://www.youhodler.com/

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YouHodler is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending with fiat loans. YouHodler lending platform provides USD and/or EUR loans, secured by collateral in BTC, ETH, XRP, and other popular cryptocurrencies.
The YouHodler Referral Program allows you to earn $25 with each successfully activated account from your referral link and promo code. Everyone that follows your link and activates their account (funding their account and using at least one product such as Turbocharge or conversion) also gets $25 instantly. Aside from the instant reward, you can also receive 50% in average of YouHodler's revenue from the next 10 products your invitee gets.

Cryptohopper
https://www.cryptohopper.com/

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Cryptohopper was started by two brothers. After hearing about the opportunities of cryptocurrencies for the first time, they were hooked. One of them was successful as a daytrader. The other brother, a brilliant web developer, didn't have the funds to invest. This got him thinking, what if there was a way to let a bot trade for you. It would work 24/7, trading as many coins as you wanted it to, constantly monitoring the market.
You can earn a minimum of $1.90 a month for each user who signs up for an Explorer Hopper, $4.90 for each Adventure Hopper referral and $9.90 for each Hero! To maximize your earnings, each referral will also earn you up to 15% over each of their payments, including; signals, strategies and marketplace items. It all counts.

Trezor
https://trezor.io/

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Trezor is a Bitcoin hardware wallet and launched in August 2014. It was the first Bitcoin hardware wallet, offering secure cold storage plus the ability to spend with the convenience of a hot wallet.
You will earn 12% - 15% referral commission for each sale. (net sale amount, excluding VAT and shipping). Monthly payouts via wire transfer or Bitcoin. Wire Transfer (USD, EUR and CZK) or Bitcoin.

Coinhouse
https://www.coinhouse.com/

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Founded in 2014 in Paris, Coinhouse is a pioneer in cryptoassets investments. Both an online platform and a brick-and-mortar location, Coinhouse is the trusted partner for individuals and qualified investors looking to analyse, acquire, sell, and securely store cryptoassets.
Earn 30% commission on your clients’ transactions for 1 year when they sign up using your unique and personalized tracking link. Get paid directly in Bitcoin to optimize your income.
submitted by levi_d-19 to Redeeem [link] [comments]

Substratum leads Round 2 of Monthly Community Voting Round - AMA Transcript Inside!

Hey guys, If you haven’t noticed on Binance’s monthly community voting round – it has been a tight battle but Substratum has been taking the lead.
I wanted to explain why Substratum has seemingly come out of no-where but has garnered some attention. Substratum is creating a solution to a very big obstacle in the world web. The below has been taken from Justin Tabb aka the Founder of Substratum and summarises what the purpose of the network is.
I hope you guys can support their vision by voting for Substratum (SUB) on the https://www.binance.com/vote.html.
The Substratum Network will bring the decentralized web worldwide without the need of special software for the average internet user. We will be able to serve Substratum Requests directly to the default browser (Safari, Firefox, Chrome, Internet Explorer) without any special software installed on the average consuming users computer.
How Substratum Works
Ease of Use: currently nearly everything that has to do with crypto or the blockchain is very difficult to use and requires technical knowledge. Through our 10+ years of experience working with companies like Apple we understand the importance of a good user experience.
• The average internet user requires NO special software to use the Substratum Network. The default browser will service all requests for average users so they do not need to do ANYTHING different. Users who wish to service requests and receive SUB coins in return will have a point and click user interface that any user can setup. No technical knowledge required. SubstratumPay will be seamlessly integrated and geared towards high conversions of low technical expertise users. • Serving Up of Decentralized Content: Substratum provides a method for serving Decentralized Content (including Web Sites, Data, and Applications) through a Mac, Windows, and Linux application/service that is easy to install and run (requires no technical expertise) and serves up decentralized content using the toolkit that we have developed. This is a point and click process and requires zero technical knowledge. All the user has to do is install the application, click through a few settings and they are up and running and making Substratum Coin. Incentivizing Users to Serve the Content: in order to incentivize users to run the Substratum Network client on their machine we will be providing Substratum Coin to them for doing so. The coin is issued to the serving machine through a micro-transaction from the hosting site to the serving computer. By breaking fees down to a micro-transaction level this will greatly reduce the overall cost to companies and entities that want to host sites and applications on the internet solving yet another problem with the web as it stands today.
Privacy / Security / Encryption: by allowing millions of Substratum Network users to serve content the biggest concern becomes privacy and security. Substratum solves these issues through advanced cryptography algorithms rooted in Artificial Intelligence that ensures all data remains secure. Following the lead of BitCoin this is the strength of cryptocurrency and the crypto movement. Storage and Serving of Content: in order to serve millions of sites, databases, and applications the Substratum Network employs custom developed advanced compression algorithms and machine learning to geolocate the right Substratum Network machine to serve up the content to the appropriate user based on geolocation, this will ensure the fastest load time with the lowest amount of latency and strain on the Substratum Network and both the serving and receiving machine. DNS (Domain Name System): DNS or the Domain Name System is the system that currently tells your browser where to go when you type in a domain name. For instance when you go to Chrome and type in apple.com a DNS lookup is performed to check where to send that request, the DNS system comes back with an IP address and your request is routed there. In the first version of SubstratumDNS will be a complex, AI enabled DNS server that will receive DNS requests along with the geolocation of the requestor and find based off of that information the closest available SubstratumNode that is able to fulfill the request. Development Tools for the Decentralized Web: the Substratum Network will provide an API and SDK for developing tools on the Substratum Platform. This will bring in strong developer support and will accelerate the growth of the decentralized web on the Substratum Network. Net Neutrality: with the Substratum Network ALL web-sites and applications will have EQUAL ability to be broadcast in an equal and fair manner.
International Digital Barriers: currently countries like China have strict regulations on what their 1.379 billion citizens are able to interact with on the internet. Substratum will break down these barriers through a network of decentralized computers running the Substratum Network Software. Where other solutions that are currently used by residents in these countries require special software to be installed, like TOR, Substratum will take a reverse approach and require no special software for the average user.
High Hosting Costs: currently businesses must pay high hosting fees to get their web-sites on the internet. Amazon Web Services launched a 3.5BIL USD per year business by attempting to solve this problem. They allow you to pay for how many minutes you run a web / database server. Substratum completely solves this problem through the power of cryptocurrency by only charging for each request that is processed. You can check out the website here: • Substratum.net o And the whitepaper is available in multiple languages inclusive of Mandarin.
Furthermore, Substratum and the founders are very active in the slack – which they have recently hosted an AMA (ask me anything); I took the liberty of getting this information and if you are interested about the project to read more into it. Obviously they can’t reveal the inner workings of their product due to product sensitivity and being ahead of their competition but they are always up to date with the community through several videos on Youtube (https://www.youtube.com/channel/UCxUJoTH0XLERKl55zGnFI6g) and announcements through their social media. I recommend you follow them.
Q: Any major talks with exchanges yet? A: We just announced that we are launching on our FIRST official exchange of COSS.IO on 9/30 trading against BTC and ETH. More to follow.
Q: Will I be able to run a supernode? A: From the beginning NO. Supernodes will only be for Substratum; however, they will run the SAME software that are used to run a NODE. In time we will develop a requirement list to run a supernode. If you qualify you can then run a SuperNode and receive a premium payout
Q: Is it possible to show a few examples of SUB payouts you get from running a node, and the tell us the ratios that affect the amount/way to calculate it somehow? (SUB owned, for how long you've been running a node etc..) Or is that still in testing? What's the difference in node rewards from someone who has 0 SUB's as opposed to someone who has X amount of SUB's? A: So the calculations for this are in process; however, you can watch our video "How Substrate Per Request Is Calculated" on our YouTube channel for an idea of what variables go into each calculation
Q: How do we prevent DDoS? A: The first step is not talking about how we prevent DDoS or any other hack. We call that security through obscurity. :slightly_smiling_face: Secondly, one of the primary ways to prevent a DDoS attack is decentralization. Well that's perfect. Lastly, there are other techniques, like black-holing and basically shutting a node down. The great news is that we will be decentralized so we are only talking about a node or specific IP Address that will not disrupt the network. :thumbsup:
Q: Say i got a website i want to publish on Substratum, how does this process go? A: Just a shout out if you ask for a lot of detail regarding technology stack and how exactly something will work we are most likely going to give you general answers. This is not to skirt the question. We want to be 10 steps ahead of anyone with nefarious plans before we get launched. You will be seeing more on this very soon. You should be seeing a video drop on this in the next week or two. The goal is to make this easy to use and powerful, plus empower others to use the tools. We're looking at things to different ways one is towards the average user who just want something sitting on their system and doesn't need any more details and the other is a super user who wants a lot of configuration options.
Q: When more people will use Substratum and more will run nodes, the value of SUB will increase. How will it be calculated how much SUB you get as a reward for running a node as value increases? Will it be calculated by Substratum itself or will it be changed manually every so often? A: We will be calculating against the live value of Substratum
Q: Is substratum detectable, for example if it’s used in a country like china and they are caught on these sites that are blocked by government… Can it be detected? A: The goal is to make it constantly moving. We do not want it to be. fast, easy, powerful, anonymous.
Q: Will there be Master Nodes? A: We will have some services that are available that will help provision nodes into the network. We are still story mapping this flow and architecture.
Q: Could we get more information about what you require to do to be a beta tester? A: To be a beta tester you only need to add yourself to the #beta-tester channel here in Slack. You will be notified when we are ready for you to download and install and the process and requirements to continue to run the software
Q: Will you keep us informed on a at least weekly base to tell/ show us the progress made? A: Yes! We will continue to drop at least 2 professionally made update videos each week (with Jason Burns the guy who does them) and we will be doing more and more candid videos
Q: Who is the winner of 10k subs and what idea did he give? And what about 2nd place and 3rd place. A: To be announced shortly. The Substrate is reserved for the payout
Q: Can we mine Sub without the software? A: I will personally be selling pick-axes on my personal website "pixaxesforsale.biz" for a low cost of $19.99
Q: Unless they disclose intelligent life in space, people are still going to be mad at the end of this. A lot more will be happy though A: Haven't found intelligent life in space. Some would question finding it on earth.
Q: From a legal stand point How are we protected if someone is running illegal content on our Node? A: Take a look at our video of "How Substratum Secures Your Site Content". You will never hold the entire piece of data except perhaps in memory if you are the one serving the request so you could never be culpable. Amazon isn't held responsible if I host illegal content now
Q: What about content control? child porno .. and so on ... ? Is there anything to control the content or? A: Excellent question. This was a big concern for us. We do not want Substratum to become the dark web. The goal is to allow the community to self-govern, vote up and down, call out illegal activity. The utilities will allow those with bad intentions to be called out. The more we grow the better we will be about wiping out things like child porn, and just as bad human trafficking.
Q: When will the raised money going to be donated? A: We have already donated $10K out and we have a pending wire for $40K going out Monday. We are working to find the BEST places with the IMMEDIATE needs.
Q: When will the livestream of the burn be? A: Burn #1 will be a livestream of my computer screen later tonight. I will announce on twitter at least an hour ahead of time and we will record it so people can see it later
Q: What will the final circulating supply be after all three token burns? A: We are still getting a FINAL number on this, we are still doing some FINAL Bonus sends but we will have the number VERY VERY soon and we will be posting it. We will be burning 60MIL tokens tonight so that should give you some kind of an idea.
Q: can you stop slack from freezing my firefox? A: Use the downloadable app, or get better internet, or get a new computer. Sounds like a dumpster fire.
Q: Everyone brings up the obvious choice of child porno that needs to be dealt with via content control. What about grayzones such as weed-selling sites? Its illegal in some countries, some not. How will Substratum deal with these grey-zones? A: Give me liberty or give me death.
Q: Could i have an invite to beta test channel on slack? A: Yes, just let a moderator know.
Q: could i get more information on what beta testers are required to do? I will happily be one if it helps the process and I actually manage to do it. A: Join the #beta-testers channel here
Q: when will we see a new homepage? A: This is being worked on now!
Q: is there a minimum amount of SUB needed to run a node? A: NO! 0 Substrate, don't worry, you will have some soon once you turn it on
Q: What about running an "micronode" on any phone (there is a big % using phones all the time), I mean an app installed on phone to run a node and to host only small content like a photos... Did you think about of this? A: https://youtu.be/h6tZ_ZFuFmY
Q: What if my website ethically and morally right and people downvote it out of jealousy will my website be removed if there are more number of downvotes and my content is clean? A: The process is NOT that simple, we will release more details later but this is being taken into consideration. I answered in a bit more detail above as well
Q: Does the Sub team ever sleep ? A: Only when driving
Q: Can I run a node on a VPS? A: I certainly won't be telling people how or where to run the node software. Do the best you can. I actually answered the VPS question above too. We will have a command line version if that is the question. That you can run on something like Ubuntu Server if you want
Q: Can the voting system for all illegal stuff on the internet also be used in a 'bad' way on the regular websites to for example gain commercial/business advantages? A: It should not, no one will have 'master control' All control, so the market decides always.
Q: Who will profit from cryptopay? How will this bring value to SUB tokens? A: Everyone will as we gain dominance. But also, Substratum the company will take a small percentage. This will enable us to continue building awesome apps. CryptoPay will be the cornerstone of many good things to come. Think retail, goods and services.
Q: I work at a games company with 200+ high powered pcs. If I install sub nodes on every single one of them at night, will IT be able to catch and fire me A: See your HR manual, or HR supervisor for those questions.
Q: How do websites and hosters remain protected from hacking, if sites are created with innate vulnerabilities does that expose other sites hosted by the same node? A: This is a great question. Hosting Nodes will have to vet out their security. Again, being decentralized goes a long way in providing security. So does encryption. We will help hosts be the best hosts possible.
Q: Please explain the earning in SUB by running a node? A: So the SUB comes FROM the HOST (who purchases the SUB) to the NODE for the cost of the transaction. https://youtu.be/LWZ1DIGGOoQ
Q: When will the tokens be sent for the 100 Sub giveaway A: Shortly
Q: How will Substratum market themselves towards countries that needs SUB the most but are hard to reach, such as North Korea, Africa, China? A: Think spider web. The more that join, and use, the less it can be controlled.
Q: How long will this bear market last for? A: Let me put the fortune teller hat on. Crypto is a young demographic currently. It will be bear'ish until we make the technology easier and they get older.
submitted by smf3928 to binance [link] [comments]

WeTrust AMA - October 6 (Originally in Slack, formatted to Reddit)

Hello everyone! It took me a bit longer than last week due to family obligations but here’s the transcript for the third WeTrust Slack AMA! Like last week the majority of the questions were collected through Sli.do and not everyone left their username.
 
Anonymous When do you plan to start marketing and more social media outreach?
Patrick.WeTrust As we near the rollout of the TLC, we plan on increasing marketing and social media outreach. This is necessary since it is important that we get the word out of what we are building.
Anonymous Are you still on track with the roadmap? When can we see/play with the alpha app?
Patrick.WeTrust The dApp is currently being worked on by our engineering team and is scheduled to be released in a few weeks. The features have been locked down and the team is working hard on building out the many features.
Aakeelr Whitepaper is a must and it shouldn't be delayed. Whatever revised version needs to be done should happen and be visible on the site asap if possible.
Patrick.WeTrust We have an older version of our whitepaper (pre-crowdsale) here: https://bravenewcoin.com/assets/Whitepapers/WeTrustWhitePaper.pdf Our top priority is building out and delivering on the Alpha Release of the TLC and resources are focused on that. Once this is complete and more resources are available, we will update the whitepaper.
Anonymous As a large holder of TRST - how can I be assured recent pushes from the SEC and Trex (theyre cleaning house) will not impact TRST? Do you have legal counsel?
George.WeTrust We're not aware of any changes on Bittrex side, and we've just reached out to them to see if there's any information they need from us. We are very conservative in our approach towards regulatory/ compliance issues, and we will continue as such by working with our legal counsel.
Aakeelr Need more exchanges listing TRST to safeguard the token value from today's incident of Bittrex....
Patrick.WeTrust We stand firmly that delivering a quality product that will impact the lives of many as our prime mission and goal. If we are successful, I believe the exchange issue will be small as many will want to list our Token.
Anonymous Any update on getting the whitepaper back on the website?
Patrick.WeTrust We are working on a new landing page of our Trusted Lending Circle page which will feature a new experience of what our app will be like. This is just a temporary page: https://tlc.wetrust.io/, but the new site will be at this domain soon! (hopefully, next week!)
Jeald Are you going to complete your TLC Alpha build mid-October as per your roadmap?
Patrick.WeTrust Yes, this is the current target. Running 1 week or so behind, but we are trying to push to squeeze for lost time. There will be an update in the next community blog post.
Anonymous The Trusted Lending Circles product due for release in December. Where will it be released? Is it an app for the pc? Will it be accessible on mobile devices?
Patrick.WeTrust Correct. The TLC is slated to be released in December. This first iteration will be a Chrome Web App. In the future, mobile definitely will be on the horizon as a large portion of the world uses mobile and do not have computer.
Dgut Do you guys have any plans to revamp the current wetrust.io design and logo? Some projects like Waves have recently "upgraded" to "professional" design and copy-writing, I think that's the way to go because good design is crucial for user adoption today.
Patrick.WeTrust We have updated the website and will look into the current design of the logo. Thanks for the feedback.
Dgut Updating doesn't equal improvement though. :slightly_smiling_face: The current design has too many flaws. See stripe.com and fleep.io for kick-ass designs. Is this something you guys are taking seriously? Other well designed sites: standuply.com and elev.io ... see the difference?
Patrick.WeTrust Fair enough - I will loop in our designers @hailey.wetrust and @yutai to take a look at what these sites have and takeaways we can make.
Yutai.WeTrust We are very focused on the user experience and adoption. The design team is currently working on make sure we have a smooth UX in the TLC dApp. But we love community feedback and if there is anything else, please don't hesitate to let us know.
Patrick.WeTrust Thanks for chiming in @Yutai!
Anonymous When are you going to do anything besides amas?
George.WeTrust We have a diverse list of channels of communication available -- slack, telegram, bi-weekly updates, bi-weekly AMAs -- let us know if you all think there are any that we should drop and any we should be adding and we're all ears.
Jcga :) Despite hardwork are you guyz ready for the new NBA season via Golden State Warriors, I little feel you dont really care about NBA ;) Go WeTrust !
Patrick.WeTrust Golden State Warriors is our local team :)
Jeald Do you have a roadmap for 2018 available for general viewing? Patrick.WeTrust See answer below.
Boghiumd How i can get to your telegram channel? As i don’t see any links on your website
Patrick.WeTrust Telegram isn't as active yet. I recommend Slack/ Reddit/ Bitcointalk.
BalengiVision Can you send steph curry and kevin durant WeTrust gear when you release TLC?
patrick.WeTrust We can try. They would need to fill out the WeTrust Tshirt Request Form though :)
BalengiVision Lol cool. Do you mind if we tweet at them?
Patrick.WeTrust We can do that sure!
Anonymous Will you be providing a roadmap that covers some part of 2018? It helps investors understand the company's vision.
Patrick.WeTrust Yes, we are working on this and have had some internal discussions already. Our VP of Product, @tomd is working on this now and we will have a few iterations for internal discussions and debate before it is released to the general public.
BalengiVision Release timeframe?
Patrick.WeTrust I will follow up on Tom, and he shared with me a preliminary draft yesterday. We want to have something that is actionable and something we can hold ourselves accountable for. Thus, it will require some work internally before we can release something to the public. Rest assured, it is being worked on and each date is carefully thought about.
BalengiVision Totally understandable!
Patrick.WeTrust Thanks. Cheers, @BalengiVision - thanks for all your support and activity in our Slack.
Aakeelr 2) While planning the TLC has the team reached a point and zeroed on it where the TRST token should claim its value. How will TRST derive its value.
George.WeTrust We are building out a sequence of Financial dApps and will use a "Freemium" model. Essentially, there will be basic features that will be free for our users (e.g., TLCs charge no fees up to 10 users in the circle), but more premium services -- will require some TRST tokens to use (these are currently being planned, and will be included in the roadmap). The main goal is to drive user adoption first, and then monetization after there is a critical mass.
Secunoid What happens when somebody collects their payout and stops contributing after that?
Patrick.WeTrust To thwart bad actors, WeTrust will have four deterrents: 1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant. 2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms. 3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently. 4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.
Aakeelr 4) We saw the last update where product functionality has frozen and bugs are being fixed. When do we expect the alpha release precisely?
George.WeTrust We will have an update next week on the status -- we're working hard to hit the initial targets.
Boghiumd Is there a chance to have a discussion with Vitalik that he would somehow confirm directly may be via tweeter post that he actually is suporting this project?
George.WeTrust We met with VB during the early phases of the project, and soon after also brought on Bo Shen (VB's partner at FenBuShi Capital) as an early supporter and advisor. We have a number of advisors and they all provide some help in their own specific capacities. For example, Benedict Chan the Director of Engineering at BitGo is nearby and he often drops by, Emin Gun also checks up on us regularly. We engage with all of advisors as needed and ask them for help if it can materially help the progress of our development or user adoption. As such, we will consider reaching out to him when our product is ready for testing.
BalengiVision That'd be great. Then everyone won't think we have been making stuff up :) Not you guys, but we the people. I tell peeps Vitalik advises early in the project, and people say we are making things up.
Secunoid And how do you manage the risk of delinquent payments?
damo Hey @Secundoid this was answered in the last AMA. Lemme see if I can track it down real quick.
Patrick.WeTrust Here it is: To thwart bad actors, WeTrust will have four deterrents:
  1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.
  2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.
  3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.
  4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.
Secundoid k
damo nice thanks @patrick.wetrust One of our community members had a really interesting idea about using a voluntary community pool as an opt-in insurance option that would pay a small percentage of the ROSCA pool to the community pool. An interesting "staking" option for TRST holders! We're looking to provide insurance products anyway right? ;)
Patrick.WeTrust Yes, we are as an evolution of the TLC. @damo
beef Majority of PPL here are selfish enough to admit that they want to see the TRST token become more and more valuable. I've read that it will be used for Premium features, but are there other use cases for the token itself? Does it power dApps in the environment? Can I supply X amount of TRST and use that to fund ROSCA circles?
Patrick.WeTrust That is correct. Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that.
beef The more we are able to cycle TRST through the ecosystem the better. Thanks Patrick
Patrick.WeTrust That is correct. We will be keeping this in mind as we roll out our dApps and other initiatives. Cheers, @beef!
Boghiumd Binance has started to do monthly voting, can you submit a request to them so on next voting wetrust coin will participate as well?
Patrick.WeTrust Is this something the community can request?
Boghiumd @patrick.wetrust actually someone from the team have to submit a request, this is what i read on their website
Patrick.WeTrust Can you email me the link? [email protected]. I'll look into it.
Boghiumd @patrick.wetrust https://binance.zendesk.com/hc/zh-cn/requests/new I presume this one is
Dgut Trustcoin's success is glued to Wetrust. But Wetrust's success is glued to the success of humankind. Any application that simplifies and makes practical the use cryptocurrencies are not only necessary but crucial for the survival of the tech and ideology. Therefore @george.wetrust and @patrick.wetrust should care more about design. (y)
Patrick.WeTrust Thanks for all your feedback and involvement @dgut
Thomas Trustcoin's success is glued to Wetrust. how? i dont get it.. for me it looks like TenX.. they have a token but dont realy need one for the Company... same on Iconomi ... good Projects but they dont need realy a token... i dont get it on TRST ... for me it looks like you dont need realy a token to build this system.. Can you help me to understand this? I am wrong ?
Patrick.WeTrust Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that.
Thomas hmm ok thx
BalengiVision Can you elaborate on the premium features?
Patrick.WeTrust Premium features: lending circles above a certain size (>10 individuals), reporting data to a Credit Agency, accessing a WeTrust ATM to redeem lending circle proceeds, etc... More features will come in due time as we continually iterate and learn from each version of our product.
BalengiVision So credit agencies will accept ROSCA data? Sounds intriguing though I've never heard of that before!
Amazongirl Have you spoken to Ripio (formerly BitPagos) yet about how they handle crypto-fiat exchange risk over a loan's lifetime? https://ripiocredit.network/#benchmarks * *George.WeTrust** We haven't, and will read into how they are able to do this. We are working on some ideas of our own which may bring about stability for users.
Aakeelr @george.wetrust @patrick.wetrust we have some good suggestions from @amazongirl. Would love you guys to actually take a view om that.
Patrick.WeTrust I will take a deeper dive into her suggestions and if I have any questions, will follow up with her.
Aakeelr Thanks for this. You will love her idea
Dgut @patrick.wetrust Are you familiar with https://klart.co/pixels ?
Patrick.WeTrust I am not, but these sites look beautiful.
Dgut Yeah, I hope you guys aim for something like that. It's not rocket surgery either :)
Secunoid Which country/area are you targeting when you go live first?
Patrick.WeTrust Local, immigrant communities within the Bay Area. (SF, CA)
Dgut Hopefully global. The nature of this whole environment and tech is global.
CowMooFlage It definitely is global but they want to be testing close to home.
Dgut It think westerns might be inclined to use the app if it's sufficiently well designed and works well.
damo @dgut see above. Aiming for local immigrant communities
CowMooFlage The biggest issue I see is Westerners not understanding it's purpose because it's not embedded in our culture.
damo Right For that i think there are other permutations of the platform that could take off quicker and be stickier to the global north.
Dgut that's the cool part, it's a completely new thing for them.
Patrick.WeTrust There are pockets of immigrants from Mexico, India, etc. that have used this in the past back home. In fact, my grandmother and father was part of a lending circle back home in Vietnam. We will go after this crowd and do a pilot test in these communities.
BalengiVision I think if the idea is explained well, westerners will love it. I never heard of it until I joined this group.
Dgut Exactly. The reason westerners don't use it is because they never heard of such a concept. When I heard of it I thought... why the f aren't we doing the same? I see it being used among students
Anonymous AmazonGirl from the Slack community as an advisor? She has freely been an amazing one. We need to keep this happening with fair compensation.
George.WeTrust We will reach out to her to gauge her interest -- I think generally we can continue improving our engagement with our community, and leveraging our supporters so we can move faster. We already have a good number of referrals for potential partners, potential pilot groups, folks who would like to work for us, etc... and please do keep them coming!
CowMooFlage George, Patrick, can Damo be listed on the site as a "community manager" or similar position? He's in this channel day in day out answering questions and we love him to bits. By far one of the best people you could ever have doing such a job; humble, cheerful and honest.
Patrick.WeTrust We can have this happen - wonder why this hasn't happened sooner!
CowMooFlage Awesome :) thanks Patrick :D
*Patrick.WeTrust * I will ping @damo for his blurb, picture and get that to @hoang.wetrust as soon as possible. Thanks!
CowMooFlage @damo pink wig? :thinking_face:
damo Lol i have waaay better pictures ready to go lol
damo Thanks for such kind words @cowmooflage! I’m seriously blushing over here.
Patrick.WeTrust Thanks! both of you :D Bradicle Yeaaaa agree. Damo has been the face for We Trust in this chat since day one for me. Answering all the hard hitting questions day in and out <3 :B
Anonymous When are you ditching slack? The phishing is out of control!
George.WeTrust We have been testing with Rocket Chat internally, and are currently working towards migration. We will have more information on the timing, next week, but we want this to be as soon as possible, in the balance of our product development focus.
CowMooFlage Can't wait to check out the new home.
Jcga That a pity, Slack is nice compared to the others. I do believe the myetherw... phishing mail notification have decreased, they "collect" nothing. Slack is beautifull with cool features that others dont. Anyway security is super important and with time we will get used to the new place :slightly_smiling_face:
CowMooFlage @jcga Slack is a decent platform but it lacks certain control features and flexibility that others have (e.g. the moderation tools were not made to support thousands of users).
Jcga Yes sure I understand the priorities.
BalengiVision I definitely see US college students being a great test group!
Patrick.WeTrust Yes! There are lots of community college, Stanford, Berkeley... all within 20-30 miles of our office.
BalengiVision Exactly. Remember, facebook started off with colleges...now look at it. Once they all graduated, they took the idea with them and BOOM!
CowMooFlage Plus, didn't you go there yourself @patrick.wetrust? You could have a professor introduce it to students even? They might be open to it as you're an ex-grad?
Patrick.WeTrust Yes, I went to UC Berkeley and @george.wetrust was at Stanford. @U2M8H6DUJ also went to Berkeley and @shinelay to Davis. Definitely will be rekindling some old connections with my old professors :)
CowMooFlage @patrick.wetrust It's always nice to come back with something to show off! :>
Dgut @BalengiVision absolutely ... there is no reason for this to be immigrant-communities only. WeTrust can become a lot stronger if adopted by those groups (students) ...
Kimutai @BalengiVision . Good idea In fact @patrick.wetrust . Students will show us all the flaws and a good number of unheard of issues. All their diversity of ideas is an untapped Gold mine.
CowMooFlage Students can be very bold and open about expressing their opinions. Might be a fun brain storm session.
Patrick.WeTrust As long as there is a good mix of supply and demand for credit - there is a potential opportunity there. An idea we have been bouncing around... if we could somehow match students (seeking credit) with alumni (that have the wherewithal to contribute to a loan), we could have a large user group here!
BalengiVision Interesting concept
Patrick.WeTrust yes, it is :slightly_smiling_face:
damo I like this. Another connect for Westerners is in auction ROSCAs where they intentionally take the money last as a way to earn a modest return providing capital to the developing world. I'll definitely be doing this.
Thanks to everyone for participating in this week's AMA.
submitted by CowPlaysDirty to WeTrustPlatform [link] [comments]

4 Sub-$10 Million Market Cap Coins Worth Keeping An Eye On

1. Spectrecoin ($XSPEC) – $8.6 Million

What is Spectrecoin?

Utilizing a “range of proven cryptographic techniques” to achieve anonymous, untraceable, and un-linkable transactions, Spectrecoin is a secure Proof-of-Stake cryptocurrency enabling rapid P2P transactions and network privacy. Specifically, Spectrecoin is pulling out all the stops in order to protect user identity through their integration of:
At its core, Spectre’s dual coin system sanctions four fundamental types of privacy and anonymity transactions, XSPEC > XSPEC, XSPEC > SPECTRE, SPECTRE > SPECTRE, and SPECTRE > XSPEC, providing a plethora of transaction options for every type of user.
And finally, if you’re looking for the TLDR (too long, didn’t read), Spectrecoin notes the best way to understand SPECTRE is to think of Bitcoin + Proof-of-Stake.v3 + anonymous transactions (similar to Monero) + Tor (for IP obfuscation).

Why You Should Keep an Eye On XSPEC

Unlike several other privacy coins which merely provide a Tor proxy—availing users to potential malicious exit nodes—Spectrecoin is fully integrated with Tor, a reliable and tested network providing one of the largest pools of IP addresses for confidentiality and untraceability.
Coupled with staking, set at a 5% minimum per year, Spectrecoin offers a unique proposition (the only one in blockchain) for users looking to earn rewards while remaining anonymous by staking anonymous coins while generating more, fresh anonymous ones.
Furthermore, for those looking for affirmation of Spectrecoin’s commitment to anonymity, not even the developers know each other’s real names—something that would have made walking away from a lacklustre ICO (which only raised 16 BTC at $600/700 per BTC) all too easy.
Spectre has emphasized organic growth without an excessive and aggressive marketing push, opting instead for a working product and timely improvements to meet the ever-changing privacy arms race. And, with their funding gap set around £19,000, users can take solace in knowing the project isn’t an outright cash grab asking for millions to further tenuous goodwill—like far too many projects in the cryptosphere.
At time of writing, XSPEC is listed on CoinMarketcap at US$0.41 or 5,970 Satoshis.
Finally, if you’re wondering how Spectrecoin stacks up to other privacy coins, such as Monero, PIVX, and Zcash, check out this comparison chart.

2. FundRequest ($FND) – $1 Million

What is FundRequest?

In an age where open source software is an integral component for institutional, government, and nonprofit function and growth, there unfortunately remains a hindering factor—a cohesive, transparent, and styled request and transaction flow.
Cue FundRequest, a decentralized marketplace for open source collaboration and catalyst for global open source sharing and circulation, empowering organizations, government, and other entities to:
Need to brush up on what exactly ‘open source’ means? The Open Source Initiative describes the concept of ‘open source’ as a tool which “enables a development method for software that harnesses the power of distributed peer review and transparency of process.”
For example, a requesting organization (referred to as the funder) will allot set funds—stored in a smart contract (i.e., escrow)—in order to tackle an open source issue, which is then picked up and solved by a developer (the solver). In order to eliminate malicious behavior, FundRequest requires solvers to “have skin in the game,” by staking proportional valued funds, all released and claimed once the issue is solved.
Simply put, FundRequest is the go-to facilitating and incentivization platform (similar to Airbnb and Uber) for funding, claiming, and rewarding open source commits and contributions, leading to an enriched and more collaborative open source ecosystem.

Why You Should Keep an Eye On FND

With an estimated US$60 billion-plus in savings per year for organizations and institutions, thanks to open-source software and technology adoption, FundRequest is set to act as the glue which connects all dispersed and integral parts and actors. Traditional software, prohibitive costs, and predatory vendor practices are proving not to be conducive towards maximal technological growth and development, as most people and organizations just simply can’t afford or maintain it.
Plus, with a clear push by both private and public sectors to leverage community-based software for development and distribution over the last decade, it’s expanding at rapid pace. In 2018, it’s approximated over 50% of European and North American companies utilize open source software for “crucial applications,” along with over 50% of American government organizations.
This is no small industry.
GitHub alone boasts over 24 million users (more than 8 times their user base five years ago), and it’s estimated that in the EU and United States combined, there’s over 160 million persons working as freelancers and independent contractors in what’s known as the “gig economy.” And that’s just the tip of the iceberg, with over 60% of online gig economy workers accounted for in Asia.
As of August 1st, FND’s price sits at right around US$0.03 or 472 Satoshis.
Finally, for open source projects and ERC-20 token projects looking to increase development capacity, consider checking out FundRequest for potential partnerships. Already in their short tenure, FundRequest has partnered with:

3. COSS ($COSS) – $7.7 Million

What is COSS?

Redefining convenience, simplicity, and compatibility, and short for the “Crypto One-Stop Solution’ exchange and platform, COSS is the native token and liquidity attraction tool of the Singapore-based exchange, boasting some of the most popular altcoins on the market while enabling users to receive weekly payouts in “dust” for all traded tokens.
Specifically, COSS is looking to provide more than just a simple, fast, and secure cryptocurrency trading exchange—they’re building a borderless, digital economical system to bring cryptocurrencies to the masses via:
Ultimately, COSS is looking to shake up the cryptocurrency exchange ecosystem through improved user experience, heightened product and feature functions, and a comprehensive foundation for employers, startups, companies, and traders to build towards a more accessible and mainstream cooperative blockchain community.

Why You Should Keep an Eye on COSS

With the rapid and gargantuan successes enjoyed by both Kucoin and Binance in 2018, crypto exchanges employing user-friendly token incentivization models are becoming a go-to for users looking to generate passive income while diversifying their crypto portfolio.
However, unlike other cryptocurrency exchanges which have lowered their daily fee splits to nominal amounts, COSS has stayed true towards user rewards, keeping their daily percentage at 50%—paying out the respective dividends via a decentralized autonomous organization, ultimately guaranteeing an immutable percentage.
In order to stay competitive in the present-day blockchain ecosystem, COSS’s whitepaper notes a minimum of 3-5 new features implemented per quarter. In the past several months, below are just several of their most notable achievements:
And, if you’re looking to know what COSS’s endgame here is, their goal is to shift completely towards a decentralized autonomous organization (DAO) in the future, where governance and decision making is outlined in code and run by a peer-to-peer network.
Currently, COSS’s price is listed at US$0.06 or 935 Satoshis on Coinmarketcap.
Finally, if you’re curious about COSS’s fee sharing, check out the COSS fee share calculator, which provides an accurate picture of your monthly exchange fee earnings relative to the amount of COSS owned. One Reddit user recently posted, and provided a screenshot, showing the COSS annual dividends to be at nearly 10% per year.

4. Lamden ($TAU) – $6.9 Million

What is Lamden?

Named after the Sherpa language word meaning “to guide,” Lamden is staying true to its name by easing the creation and deployment of dapps and custom blockchains.
At its core, Lamden is providing a suite of developer tools mimicking “modern development processes in such tech stacks as Node.js or Python.” Simply put, Lamden is supplying the building blocks for experienced and amateur blockchain developers alike, enabling organizations and enterprise to skirt the energy and time costs of hiring and training expensive blockchain developers—ultimately speeding up efficiency and reducing overhead costs.
Lamden is broken up into three fundamental sections, which all are in furtherance of project depth and the deployment of hyperfast blockchains for developers to not only experiment with, but test and deploy across other blockchain systems and platforms:
Furthermore, Lamden supports the Ethereum network and Bitcoin-based blockchains at present, and boasts zero transaction fees and free chain-to-chain payments in exchange for chain allocation a specific amount of bandwidth for confirming payment channel transactions—meaning that its users are able to transact for free as a result of corporate entities bearing the network load and processing.

Why You Should Keep an Eye On TAU

Having released their ‘Cilantro’ testnet alpha in February 2018, Lamden has since hit the ground running, rolling out their first version of Clove soon after and tackling the necessary tune-ups and improvements in preparation of their mainnet launch in Q4 2018. Lamden’s mainnet is set to utilize a unique combination of Delegated Proof-of-Stake (DPoS) and the BFT Protocol, and will scale to process nearly 10,000 transactions per second.
Moreover, in April 2018, Lamden announced the creation of LamDEX, their own decentralized cryptocurrency exchange and platform, where users will be able to stake their TAU—the native token of the Lamden platform—to act as a market maker, allowing for a cohesive back and forth across the TAU pair at prices faintly above and below market cost, ultimately generating rewards.
With a rather daunting and tedious task ahead for anyone looking to utilize and incorporate existing smart contracts—which involves the manual searching for such on GitHub (a general repository website)—Lamden is truly adding value to blockchain and application development through their smart contract repository. Unlike GitHub, Lamden supports dependencies, versioning, and security, all essential elements for a quality package manager.
Doing so adds not only convenience, but practicality to smart contract packages and implementation, and stands to save enterprise and organizations both exorbitant developer costs and time.
If you’d like to learn more about Lamden’s developer tool suite, check out this complete overview from their blog.
At the time of writing, Lamden’s price according to Coinmarketcap is US$0.04 or 699 Satoshis.
To get a better picture of Lamden and their blockchain development tools ecosystem, check out this explanatory YouTube video from their channel.
Final Thoughts
Risk is inevitable when investing in crypto and blockchain projects. However, as long as you are cognizantly defining parameters for absorbing such risk, then diversifying your portfolio with smaller capped projects can be an effective way to realize value.
Whether you’re looking for a user-friendly exchange to purchase crypto directly with fiat from (and earn dividends for loyalty) or wanting to execute anonymous and secure transactions with a P2P coin, the aforementioned projects are all bringing value to the crypto sphere through their overhaul of ineffective traditional mechanisms and institutions.
Make sure to stay calm and collected during this bear market, associate yourself with quality projects that you think are bringing actual value to severely flawed industries, and remember, having a little gamble in you never hurts (as long as it’s properly accounted for).
Source: https://www.investinblockchain.com/sub-10-million-coins/
B0x: Gustafio
submitted by Marlie3 to altcoinforum [link] [comments]

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