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Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Sàn OKEx và tất tần tật những điều liên qua mà bạn cần phải biết

Sàn OKEx và tất tần tật những điều liên qua mà bạn cần phải biết
Tìm kiếm sàn giao dịch tiền điện tử phù hợp để tham gia là một trong những nhiệm vụ quan trọng nhất đối với bất kỳ nhà đầu tư tiền điện tử nào. Trong bài viết này chúng tôi trình bày chi tiết và mang đến cho bạn những thông tin quan trọng nhất về OKEx Exchange. Trong này chúng tôi sẽ giải quyết các câu hỏi phổ biến như “Sàn giao dịch OKEx có an toàn không? Chúng tôi sẽ xem xét lý do tại sao một nhà đầu tư tiền điện tử có thể sử dụng sàn OKEx để trao đổi tiền điện tử, nêu lên nhược điểm và chỉ cho bạn cách để bắt đầu trao đổi mua bán trong mục hướng dẫn. Đừng bỏ lỡ bất kỳ chi tiết quan trọng nào về sàn OKEx nhé.

OKEx là gì?


https://preview.redd.it/zi3zxvppwrx51.png?width=800&format=png&auto=webp&s=c83e13d0d227adecffed24c3d4e5d4a20e298179
Sàn OKEx
Sàn giao dịch OKEx là sàn giao dịch tiền điện tử hàng đầu cho phép bạn mua và bán các loại tiền điện tử khác nhau. Sàn giao dịch được thành lập vào năm 2014 và được hỗ trợ bởi các quỹ đầu tư mạo hiểm như Giant Network Group, Longling Capital, Ceyuan Ventures, Qianhe Capital Management, eLong Inc và Ventures Lab (đồng sáng lập bởi nhà đầu tư blockchain Tim Draper) với hàng triệu đô la vào các khoản đầu tư.
Vào ngày 11 tháng 4 năm 2018, công ty đã công bố mở rộng sang Malta, với nỗ lực cung cấp khuôn khổ quy định hợp lý cho các doanh nghiệp blockchain và trao đổi tài sản kỹ thuật số. Tháng 5 năm 2018, sàn giao dịch này đã trở thành sàn giao dịch tiền điện tử lớn nhất thế giới theo doanh thu được báo cáo. Đến tháng 6 năm 2018, nền tảng này đã trở thành một trong những sàn giao dịch lớn nhất ra mắt và cung cấp dịch vụ nhãn trắng để trao đổi tiền điện tử với điều kiện người đăng ký phải có kinh nghiệm trong ngành vững chắc và 2,5 triệu đô la trong tài khoản của họ.
Vào ngày 25 tháng 11 năm 2019, công ty đã công bố bốn đối tác chính cho mã token tiện ích toàn cầu “OKB”. Vào tháng 2 năm 2020, OKEx thông báo rằng blockchain của riêng họ có tên là OKChain sẽ bắt đầu thử nghiệm. Sàn giao dịch tiền điện tử có trụ sở tại Malta lần đầu tiên tiết lộ rằng họ đang phát triển một sàn giao dịch phi tập trung (DEX) được xây dựng trên nền tảng của nó vào tháng 3 năm 2020.
Hiện tại, OKEx có khối lượng trao đổi tiền điện tử cao thứ hai trên toàn cầu và không còn xa nữa sẽ cạnh tranh với Binance để giành vị trí dẫn đầu. Điều này có nghĩa là một số thị trường tiền điện tử do OKEx cung cấp là lớn nhất trên thế giới. Khi sàn giao dịch mở rộng cơ sở khách hàng ra ngoài châu Á, hy vọng sàn giao dịch này sẽ tiếp tục phát triển và đè nặng áp lực lên Binance để giành thị phần.
Ban đầu, công ty có trụ sở tại Hồng Kông. Tuy nhiên, vào tháng 4 năm 2018, sàn giao dịch OKEx đã xác nhận rằng họ sẽ chuyển đến Malta. Giám đốc điều hành OKEx giải thích rằng Malta không chỉ là một quốc gia thân thiện với blockchain mà còn có các quy định nghiêm ngặt hơn về các tiêu chuẩn chống rửa tiền. Sàn giao dịch cởi mở và nói rằng những tiêu chuẩn này rất quan trọng để bảo vệ khách hàng của họ và đây là động lực quan trọng cho việc di chuyển. Điều này có nghĩa là nếu bạn đang tìm kiếm một sàn giao dịch có quy định chặt chẽ hơn về tiền điện tử, thì OKEx có thể là một trong những sàn giao dịch phù hợp với bạn.

Những câu hỏi thường gặp về sàn OKEx


https://preview.redd.it/kwk7uhoqwrx51.png?width=800&format=png&auto=webp&s=3f88b6db5ae39d3c4c725d738c4ac9f6fb360553
Sàn OKEx và những câu hỏi thường gặp
Nếu bạn quyết định thực hiện trao đổi tiền điện tử, tất nhiên, bạn phải biết các chi tiết cụ thể của sàn giao dịch. Sau đó, bạn có thể đưa ra quyết định cho chính mình. Chúng tôi đã sưu tầm những câu hỏi thường gặp để đảm bảo rằng bạn sẽ giải đáp được những thắc mắc giống như các nhà đầu tư khác đã từng và đã tóm tắt tất cả các điểm quan trọng ở dưới đây:
  • Các loại tiền được phép giao dịch : Hơn 100 loại tiền điện tử khác nhau có sẵn trên sàn giao dịch.
  • Sàn giao dịch lớn thứ hai: Dựa trên khối lượng giao dịch, OKEx là sàn giao dịch tiền điện tử lớn thứ hai trên toàn cầu trong các sàn tiền ảo.
  • OKEx được sử dụng ở những quốc gia nào? Sàn giao dịch chấp nhận hầu hết các quốc gia từ Châu Á và Châu Âu. Hiện tại, sàn giao dịch có khách hàng từ hơn 100 quốc gia khác nhau.
  • Gửi tiền thông thường: Không giống như các sàn giao dịch như Binance, OKEx cho phép gửi tiền thông thường qua chuyển khoản ngân hàng, Apple Pay và WeChat Pay.
  • Bạn có thể sử dụng thẻ tín dụng trên sàn giao dịch OKEx không? Có, sàn giao dịch hỗ trợ thanh toán bằng thẻ tín dụng.
  • Tính thanh khoản cao: Vấn đề với các sàn giao dịch nhỏ là số lượng lệnh bán có thể bị thiếu hụt. Điều này có nghĩa là nếu một nhà đầu tư muốn mua một loại tiền điện tử trị giá thậm chí là 500 đô la, giá có thể cao hơn. Tính thanh khoản cao có nghĩa là các nhà đầu tư có thể mua loại tiền điện tử đã chọn của họ trong một lần và với cùng một mức giá. OKEx có tính thanh khoản cao thứ hai trên thế giới và điều này giúp việc mua tiền điện tử ở đó trở nên dễ dàng.
  • Đòn bẩy giao dịch: Sàn giao dịch OKEx cung cấp đòn bẩy gấp ba lần trong giao dịch tiền điện tử.

Phí giao dịch trên sàn OKEx

Hầu hết mọi người sẽ không giao dịch trị giá nhiều hơn 600 Bitcoin khối lượng giao dịch trong 30 ngày. Điều này có nghĩa là phần lớn các nhà đầu tư tiền điện tử sử dụng sàn giao dịch sẽ vẫn ở mức 1. Phí giao dịch cấp 1 là:
  • Giao dịch thị trường: 0,15% phí nhà sản xuất và 0,2% phí tham gia.
  • Giao dịch kỳ hạn: 0,03% phí nhà sản xuất và 0,05% phí tham gia.
  • Giới hạn thanh toán trong 24 giờ: 100 Bitcoin
Để biết chi tiết hơn về các loại phí bạn đọc có thể truy cập link okex.com/fees để xem thêm các loại phí cụ thể.

Đánh giá về sàn OKEx

Dưới đây là một số ưu, nhược điểm của sàn OKex mà người dùng đã đánh giá

Ưu điểm

  • Có được quyền truy cập vào hơn 100 loại tiền điện tử khác nhau.
  • Về khối lượng giao dịch, OKEx đứng thứ hai sau Binance.
  • Sàn giao dịch đã nhận được các khoản đầu tư từ nhiều công ty đầu tư mạo hiểm có uy tín. Thông thường, các nhà đầu tư mạo hiểm khá thông minh và rõ ràng nghĩ rằng họ đã hỗ trợ một cuộc trao đổi tuyệt vời.
  • OKEx cung cấp các tính năng giao dịch đặc biệt như giao dịch ký quỹ lên đến 10X và đối với giao dịch phái sinh, bạn có thể sử dụng đòn bẩy lên đến 100 lần.
  • Sàn giao dịch đã được giao dịch trong bốn năm và được thiết lập tốt.
  • Giao diện đơn giản giúp giao dịch tương đối dễ dàng.
  • OKEx có hỗ trợ tiền tệ fiat VND rất phù hợp với các nhà đầu tư Việt Nam.

Nhược điểm

  • Người mới bắt đầu có thể cảm thấy khó khăn khi sử dụng.
  • Giao diện người dùng không thân thiện.
  • Các khoản phí vẫn cao so với một số sàn giao dịch tiền điện tử.
  • Không thể sử dụng các loại tiền tài trợ khác nhau trong giao dịch ký quỹ.
  • Không chấp nhận tiền tệ fiat để gửi tiền.

Hướng dẫn mở tài khoản OKEx

OKEx cung cấp cho các nhà đầu tư tiền điện tử một loạt các loại tiền điện tử để lựa chọn. Nó cũng cung cấp các tính năng bổ sung như giao dịch đòn bẩy, giao dịch ký quỹ… Chúng tôi cũng rất thích việc OKEx nhận ra rằng ứng dụng dành cho thiết bị di động là một ý tưởng hay và không thể đợi ứng dụng iOS và Android ra mắt đúng cách. Không giống như các sàn giao dịch tiền điện tử khác như Binance, OKEx cung cấp khả năng gửi tiền tệ Fiat qua chuyển khoản ngân hàng, Alipay hoặc WeChat Pay. Điều này làm cho việc tham gia vào thị trường tiền điện tử trở nên dễ dàng hơn.

Đăng ký sàn OKEx

Điều đầu tiên bạn cần làm khi truy cập trang web OKEx là kiểm tra xem bạn có đang ở trên trang web chính thức hay không. Nhiều kẻ lừa đảo tạo ra các trang web tiền điện tử giả để mô phỏng các sàn giao dịch thực. Để thực hiện kiểm tra, hãy nhìn vào thanh URL trong trình duyệt web của bạn và đảm bảo rằng bạn thấy biểu tượng ổ khóa và dòng chữ “Secure”. Sau đó, bạn hãy sẵn sàng để nhấp vào nút đăng ký.

Điền vào mẫu đăng ký

Bạn có thể đăng ký bằng số điện thoại hoặc email. Bạn quyết định phương pháp nào phù hợp với mình. Tuy nhiên chúng tôi khuyên bạn nên đăng ký trao đổi qua e-mail. Nhập địa chỉ e-mail của bạn và nhấp vào “Request code”. Thao tác này sẽ gửi một mã gồm sáu chữ số đến địa chỉ email của bạn, mã này bạn nhập vào trường “Enter Code”. Sau đó, bạn có thể nhập các thông tin cần thiết, kiểm tra xem bạn đã đọc các điều khoản và điều kiện chưa, và nhấp vào nút ‘Register’.Bạn cũng sẽ nhận được một email tự động xác nhận rằng đăng ký của bạn đã thành công.

https://preview.redd.it/7ns1qwrrwrx51.png?width=800&format=png&auto=webp&s=8ad6973d8ef20ccce1b040783e5cbf80f6c95e9f
Đăng ký sàn OKEx

Lần đăng nhập đầu tiên của bạn

Sau khi bạn nhấp vào nút “Login”, bạn sẽ được đăng nhập vào tài khoản OKEx của mình lần đầu tiên và được đưa đến màn hình “Token Trading”. Tại đây bạn có thể bắt đầu thực hiện những giao dịch đầu tiên của mình như mua các loại tiền ảo. Hãy nghiên cứu kĩ hơn về các loại tiền ảo phổ biến trên thế giới để có kiến thức đầu tư.

https://preview.redd.it/0ct323dswrx51.png?width=800&format=png&auto=webp&s=2d06b0399ffca40d66596532c4b57070987bffc8
Giao dịch đầu tiên trên sàn OKEx

Thiết lập bảo mật cho tài khoản OKEx

Việc bảo mật cho tài khoản khi giao dịch tiền ảo là rất quan trọng. Vì vậy các nhà đầu tư cần phải chú ý hoàn thành việc bảo mật tài khoản trước khi thực hiện bất cứ giao dịch nào. Ở biểu tượng tài khoản cá nhân, nhấp chọn Security Settings để tiến hành các bước bảo mật cho tài khoản.
  • Funds Password: Thiết lập mật khẩu cho ví của bạn, mật khẩu sau khi được thiết lập sẽ luôn được yêu cầu mỗi khi bạn thực hiện hành động rút tiền.
  • Mobile Verification: Xác thực số điện thoại. Sau khi số điện thoại của bạn được xác thực thì đây cũng chính là nơi sẽ gửi mã xác nhận về mỗi khi bạn tiến hành rút tiền, thay đổi mật khẩu tài khoản hoặc bất kỳ hoạt động nào liên quan đến bảo mật tài khoản.
  • Google Authenticator: Bật Google Authenticator để tăng cường tính bảo mật cho tài khoản. Việc bật xác thực thông qua app Google Authenticator rất đơn giản. Chỉ việc tải app về điện thoại và quét mã được cung cấp. Sau đó nhập mã xác thực được hiện thị.
  • Anti-Phishing Code: Mã chống lừa đảo. Sau khi bật chức năng này thì bất kỳ email xác thực nào được gửi từ OKEx đều sẽ kèm theo mã này.

https://preview.redd.it/vkq4yxvswrx51.png?width=800&format=png&auto=webp&s=010be73ff2bacf1b757714e320e22f51a0746e43
Xác thực tài khoản sàn OKEx

Hướng dẫn mua bán Bitcoin trên sàn OKEx

Bạn có thể dễ dàng mua bán Bitcoin trên sàn tiền ảo uy tín OKEx khi làm theo các hướng dẫn sau:

Đăng nhập vào tài khoản OKEx

Trước khi bắt đầu mua hoặc bán Bitcoin trên OKEx, bạn phải đăng nhập vào tài khoản OKEx của mình. Để làm như vậy, hãy nhấp vào Đăng nhập ở góc trên bên phải của trang chủ OKEx.
Nếu bạn chưa có tài khoản, hãy xem lại hướng dẫn đăng ký bên trên và hoàn tất quá trình đăng ký.

https://preview.redd.it/1t3iuijtwrx51.png?width=800&format=png&auto=webp&s=b4ba9fd4a638f44513648ea5698e2677ae33e479
Đăng nhập để bắt đầu mua Bitcoin trên sàn OKEx

Chọn Buy / Sell

Khi bạn đã đăng nhập vào tài khoản OKEx của mình, hãy nhấp vào Buy / Sell ở góc trên bên trái của màn hình để bắt đầu.

https://preview.redd.it/ai9tfc5uwrx51.png?width=800&format=png&auto=webp&s=a8692edb1c60e2dcb641932f396a5db3cd633435
Nhấp vào Buy/Sell để bắt đầu

Chọn phương thức mua/bán

Bước tiếp theo là chọn phương thức giao dịch mà bạn muốn. Có ba tùy chọn chính trên OKEx:
  • Quick Trade: Giao dịch nhanh
  • P2P Trade: Giao dịch P2P
  • Block Trade: Giao dịch khối
Dưới đây là một hướng dẫn cụ thể cho mỗi phương thức giao dịch

Quick Trade

Cách đơn giản nhất để mua tiền điện tử trên OKEx là sử dụng tùy chọn Quick Trade. Chỉ cần chọn tiền điện tử bạn muốn mua ở đây ví dụ cụ thể là BTC và loại tiền tệ fiat bạn muốn thanh toán như VND . Sau đó, nhập đúng số tiền fiat hoặc tiền điện tử ưa thích của bạn trước khi chọn phương thức thanh toán. Khi thanh toán được xác nhận, tiền điện tử đã mua sẽ tự động được chuyển vào tài khoản OKEx của bạn.

https://preview.redd.it/9yy7t6ruwrx51.png?width=800&format=png&auto=webp&s=1a166b1d531b347b95c9b8c7d2fc07c17e167391
Quick Trade trên sàn OKEx

P2p Trade

Nhấp vào P2p Trade bên cạnh Quick Trade để chuyển đến phần giao dịch P2P. Tiếp theo, nhấp vào menu thả xuống tiền tệ và chọn đơn vị tiền tệ bạn muốn.
Bạn có thể nhấp vào Sell để xem lại các đề nghị bán có sẵn hoặc chọn Order Book xem lại tất cả các lệnh mua và bán hiện có. Hiện tại thì sàn OKEx chỉ mới hỗ trợ người dùng Việt Nam nên các giao dịch của người Việt trên sàn này vẫn còn khá ít (hầu như là không có). Cuối cùng, chỉ cần xác nhận chi tiết giao dịch của bạn.

https://preview.redd.it/693hmoivwrx51.png?width=800&format=png&auto=webp&s=bd1661297af24014068538e0f8fcfe7ef00b2754
Giao dịch P2P trên sàn OKex

Block Trade

Nhấp vào bên cạnh P2P Trade để chuyển đến phần Block Trade. Tiếp theo, nhấp vào menu thả xuống các loại tiền tệ và chọn đơn vị tiền tệ bạn muốn. Các loại tiền tệ fiat có sẵn cho giao dịch khối là:
  • Nhân dân tệ của Trung Quốc (CNY)
  • Đồng Việt Nam (VND)
  • Rupee Ấn Độ (INR)
Bạn có thể nhấp vào Buy để xem lại các ưu đãi hiện có để mua hoặc chọn Order Book để xem lại tất cả các đơn mua và bán hiện có.

https://preview.redd.it/zrec51dwwrx51.png?width=800&format=png&auto=webp&s=1a78f6ddc8a13996d00dfc7c77ad7d5b5cc4c0a3
Giao dịch Block Trade trên sàn Okex

Lời kết

Việc lựa chọn sàn giao dịch tiền điện tử là một quyết định rất cá nhân. Sự trao đổi tốt nhất cho một người có thể là sự lựa chọn sai lầm cho người khác. Sàn OKEx chắc chắn có sự hỗ trợ mạnh mẽ từ các nhà đầu tư mạo hiểm và một trong các sàn tiền ảo lớn nhất trên thị trường. Nó cũng cung cấp cho khách hàng nhiều tính năng hơn các sàn giao dịch khác, làm cho sàn giao dịch trở nên hấp dẫn hơn đối với các nhà giao dịch tiền điện tử có kinh nghiệm. Hãy xem thêm thông tin về các sàn giao dịch tiền ảo khác nhé.Xem thêm: Sàn Binance và những vấn đề xung quanh cần bàn đến
submitted by san_giao_dich_tienao to u/san_giao_dich_tienao [link] [comments]

Tất cả những điều bạn cần biết về sàn Kucoin

Sàn Kucoin – nếu bạn là một người am hiểu về tiền điện tử, sàn giao dịch tiền ảo thì chắc hẳn bạn đã biết đến sàn giao dịch Kucoin. Đây là một sàn giao dịch cũng được rất nhiều người ưa chuộng hiện nay. Chính vì vậy, hôm nay tôi sẽ chia sẻ một chút về những kiến thức cũng như những thông tin về Kucoin. Nào chúng ta hãy cùng nhau đi vào phần chính của bài viết nhé!

Thế nào là sàn Kucoin?

- KuCoin Exchange là một sàn giao dịch tiền điện tử của Trung Quốc, được thành lập vào ngày 15 tháng 9 năm 2017 tại Hồng Kông.
- Sàn giao dịch KuCoin chỉ cung cấp các cặp giao dịch coin-to-coin, tức là không hỗ trợ giao dịch coin với các loại tiền fiat như USD, EUR hoặc VND nên bạn không thể mua coin qua Paypal hoặc Visa / Mastercard hoặc thanh toán qua tài khoản ngân hàng...
- Bên cạnh các loại tiền phổ biến như Bitcoin, Ethereum, Litecoin, KuCoin còn hỗ trợ rất nhiều Altcoin và đặc biệt là Token của các dự án ICO.
- Điểm đặc biệt của sàn KuCoin nó sở hữu đồng coin riêng có tên là Kucoin Shares (KCS) và cũng cho phép nhà đầu tư giao dịch đồng coin khác ngoài KCS để giảm chi phí giao dịch, nó tương tự như sàn Binance với đồng Binance Coin (BNB) vậy.
- Kucoin có phí giao dịch thấp 0,1% và trải nghiệm người dùng tốt vì nó tích hợp biểu đồ Chế độ xem giao dịch để hỗ trợ các công cụ cho người giao dịch mua bán.
📷
Sàn Kucoin là gì?
Hiện tại, sàn tiền ảo KuCoin cung cấp 5 thị trường giao dịch: Bitcoin (BTC), Ethereum (ETH), USDT (Tether), NEO (NEO) và KuCoin Shares (KCS). Mặc dù KuCoin chỉ mới ra mắt vào giữa tháng 9 năm 2017 nhưng họ đã hỗ trợ rất nhiều loại coin, bao gồm các loại coin phổ biến như Bitcoin, Ethereum, Litecoin, NEO, Bitcoin Cash, Bitcoin Gold, ... và nhiều loại token như EthLand (LEND), RaiBlocks (XRB), Dragonchain (DRGN), Dent (DENT)…Hơn nữa, sàn giao dịch sẽ chia 90% lợi nhuận từ việc thu phí cho thành viên, cụ thể là 40% cho người giới thiệu và 50%. % dành cho những người nắm giữ tiền KCS trên sàn giao dịch.

Đội ngũ điều hành sàn giao dịch Kucoin

Chắc hẳn có nhiều bạn đọc ở đây không biết về các nhà lãy đạo của Kucoin. Chính vì thế, hôm nay tôi sẽ gửi đến các bạn thông tin về các nhà lãnh đạo người đã sáng lập ra sàn Kucoin.
- Michael Gan (CEO): Ông từng là chuyên gia kỹ thuật của Ant Financial (Tập đoàn Alibaba) với hiểu biết rất tốt về các giải pháp tài chính tương tự như Alipay. Anh từng đảm nhiệm các vị trí đối tác cấp cao tại một số công ty Internet nổi tiếng như Mike CRM và Kf5.com, v.v.
- Eric Don (COO): Nghiên cứu viên cao cấp về kiến ​​trúc hệ thống và Internet. Ông đã có hơn 10 năm kinh nghiệm làm việc và khởi nghiệp trong lĩnh vực internet, đồng thời giữ các vị trí CTO và đối tác cấp cao cho các công ty CNTT nổi tiếng như Youling, Fengzheng Lianxian và Ruiyun Wulian, v.v.
- Kent Li (Giám đốc vận hành): Chuyên phát triển các hoạt động cốt lõi và giữ các vị trí CEO và kiến ​​trúc sư tại một số công ty internet. Ông cũng đang giám sát các hoạt động khu vực của dự án REAP do Đại học Stanford ở Châu Á khởi xướng.
John Li (Trưởng nhóm bán hàng): Chủ tịch công ty truyền thông Jianbang và giám đốc dự án của trang web mua bán nhóm nổi tiếng địa phương. Ông phục vụ hơn 30 trung tâm dịch vụ mua hàng theo nhóm ở Trung Quốc, với trọng tâm chính là tài chính tiêu dùng.
- Top Lan (CTO): Chuyên gia kỹ thuật của Cộng đồng nguồn mở và quản lý một số dự án nguồn mở phổ biến trên github. Ông đã phụ trách việc hoàn thành thiết kế và triển khai hệ thống giao dịch tài chính Kucoin.
- Jack Zhu (Giám đốc Tiếp thị): Giám đốc điều hành thị trường Tây Nam của IBOX PAY. Ông lãnh đạo một nhóm tiếp thị với hơn 300 nhân viên.
📷
Đội ngũ CEO sáng lập nên sàn Kucoin

Đặc điểm sàn Kucoin

Sau khi đã hiểu được về sàn Kucoin thì tôi sẽ liệt kê ra cho các bạn một số kiến thức về đặc điểm của sàn giao dịch tiền ảo Kucoin dưới đây:
- Tuân thủ pháp lý: Hoạt động trên cơ sở pháp lý với vốn đăng ký 2 triệu USD, được hỗ trợ bởi đối tác tư vấn cấp cao, hoàn chỉnh với hệ thống kiểm soát rủi ro, tuân thủ và chống rửa tiền. Nước Pháp.
- KuCoin App: KuCoin cung cấp ứng dụng di động cho cả iOS và Android, bạn có thể giao dịch trên điện thoại thông minh.
- Công nghệ tiên tiến: Được thành lập bởi các chuyên gia công nghệ từ Ant Financial. Với kinh nghiệm dày dặn trong hệ thống tài chính, bộ máy của Kucoin có sự kết hợp độc đáo giữa bộ nhớ và công nghệ kế toán phân tán, xử lý hơn 1 triệu đơn đặt hàng mỗi giây.
- An toàn quỹ: Ví điện tử mã hóa nhiều lớp được đưa vào quy trình lưu ký ngân hàng; Các quỹ này sẽ được bên thứ ba quản lý và các báo cáo do ngân hàng phát hành thường xuyên.
- Hỗ trợ khách hàng 24/7: Hệ thống sẽ hỗ trợ khách hàng qua web, email, wechat. Khách hàng sẽ được giải đáp mọi thắc mắc trong vòng 10 phút.
- Trang tin tức: KuCoin có một trang dành riêng để cập nhật các tin tức nóng hổi và thông báo mới nhất về sàn tiền ảo uy tín , giúp các nhà đầu tư cập nhật bất kỳ thay đổi nào của sàn giao dịch.
- Ví điện tử an toàn: Ví điện tử của KuCoin được mã hóa nhiều lớp, được lưu trữ ngoại tuyến trong ngân hàng an toàn, quỹ tín thác và kiểm toán định kỳ của ngân hàng.
- Bảo mật cao: KuCoin cung cấp các tính năng bảo mật rất tốt như email, bảo mật 2 yếu tố (2FA) ...
- Phí giao dịch thấp: Tương tự như Binance, Kucoin có phí giao dịch và rút tiền cực kỳ cạnh tranh. (Xem bên dưới)
- Giao dịch và rút tiền nhanh chóng: KuCoin cho biết các loại tiền kỹ thuật số dựa trên Blockchain sẽ được thêm vào tài khoản của bạn trong vòng 2 phút kể từ khi giao dịch của bạn, việc rút tiền sẽ hoàn tất trong vòng 10 phút.
- Giao diện đẹp và thân thiện: Kucoin cung cấp cho nhà đầu tư một giao diện chuyên nghiệp, biểu đồ đẹp và các mục giao dịch trực quan, tương tự như Binance, phù hợp cho cả người mới tham gia.
- Hỗ trợ nhiều đồng xu: Sàn tiền ảo tốt nhất KuCoin hỗ trợ rất nhiều đồng xu, nhiều trong số đó bạn không thể tìm thấy trên các sàn giao dịch lớn khác
- Hỗ trợ nhiều ngôn ngữ: Mặc dù Kucoin là sàn giao dịch của Trung Quốc nhưng ngoài tiếng Trung, Kucoin còn hỗ trợ tiếng Anh, Pháp, Hàn... Vì Kucoin muốn hướng đến thị trường quốc tế.

Lời kết

Trên đây là bài chia sẻ kiến thức về sàn Kucoin. Bài viết này có giúp bạn nắm được một số thông tin cơ bản về sàn giao dịch Kucoin hay chưa? Hãy để lại comment cho tôi nếu bạn cảm thấy bài viết hay và bổ ích nhé! Bạn cũng có thể tham khảo bài hướng dẫn về cách đăng ký và sử dụng sàn giao dịch Kucoin tại đây. Chúc bạn thành công!
Tin tức mới nhất, cập nhật liên tục về tiếp thị liên kết tại trang web sàn tiền ảo tốt nhất
submitted by nguyenhoai12 to u/nguyenhoai12 [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?
Cryptocurrencies
VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.
Updates
MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.
Law, Cybercrimes, Mass Adoption
Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?

Cryptocurrencies

VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.

Updates

MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.

Law, Cybercrimes, Mass Adoption

Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?

Cryptocurrencies

VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.

Updates

MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.

Law, Cybercrimes, Mass Adoption

Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to btc [link] [comments]

RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
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1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

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Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?
Can they overcome the product limitations of blockchain and deliver the world-class experience that consumers expect?
https://reddit.com/link/i8ewbx/video/ojkc6c9a1lg51/player
This is the second part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
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While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe companies that build with blockchain at their core will have the best shot at winning the broader consumer finance market. We hope it will be us at Genesis Block, but we aren’t the only game in town.
So this series explores the entire crypto landscape and tries to answer the question, which crypto company is most likely to become the bank of the future?
In our last episode, we offered an in-depth analysis of big crypto exchanges like Coinbase & Binance. Today we’re analyzing non-custodial crypto wallets. These are products where only the user can touch or move funds. Not even the company or developer who built the application can access, control, or stop funds from being moved. These apps allow users to truly become their own bank.
We’ve talked a little about this before. This group of companies is nowhere near the same level of threat as the biggest crypto exchanges. However, this group really understands DeFi and the magic it can bring. This class of products is heavily engineer-driven and at the bleeding-edge of DeFi innovation. These products are certainly worth discussing. Okay, let’s dive in.

Users & Audience

These non-custodial crypto wallets are especially popular among the most hardcore blockchain nerds and crypto cypherpunks.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets), then it’s not really your crypto. There has always been a close connection between libertarianism & cryptocurrency. This type of user wants to be in absolute control of their money and become their own bank.
In addition to the experienced crypto geeks, for some people, these products will mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.

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Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These are the common use-cases and users for non-custodial wallets.

Products in Market

Let’s do a quick round-up of some of the more popular products already in the market.
Web/Desktop The most popular web wallet is MetaMask. Though it doesn’t have any specific integration with DeFi protocols yet, it has more than a million users (which is a lot in crypto land!). Web wallets that are more deeply integrated with DeFi include InstaDapp, Zerion, DeFi Saver, Zapper, and MyCrypto (disclosure: I’m an investor and a big fan of Taylor). For the mass market, mobile will be a much more important form-factor. I don’t view these web products as much of a threat to Genesis Block.
https://preview.redd.it/gbpi2ijj1lg51.png?width=1050&format=png&auto=webp&s=c039887484bf8a3d3438fb02a384d0b9ef894e1f
Mobile The more serious threats to Genesis Block are the mobile products that (A) are leveraging some of the powerful DeFi protocols and (B) abstracting away a lot of the blockchain/DeFi UX complexity. While none get close to us on (B), the products attempting this are Argent and Dharma. To the extent they can, both are trying to make interacting with blockchain technology as simple as possible.
A few of the bigger exchanges have also entered this mobile non-custodial market. Coinbase has Wallet (via Cipher Browser acquisition). Binance has Trust Wallet (also via acquisition). And speaking of acquisitions, MyCrypto acquired Ambo, which is a solid product and has brought MyCrypto into the mobile space. Others worth mentioning include Rainbow — well-designed and built by a small indy-team with strong DeFi experience (former Balance team). And ZenGo which has a cool feature around keyless security (their CEO is a friend).
There are dozens of other mobile crypto wallets that do very little beyond showing your balances. They are not serious threats.
https://preview.redd.it/6x4lxsdk1lg51.png?width=1009&format=png&auto=webp&s=fab3280491b75fe394aebc8dd69926b6962dcf5d
Hardware Wallets Holding crypto on your own hardware wallet is widely considered to be “best practice” from a security standpoint. The most popular hardware wallets are Ledger, Trezor, and KeepKey (by our friends at ShapeShift). Ledger Nano X is the only product that has Bluetooth — thus, the only one that can connect to a mobile app. While exciting and innovative, these hardware wallets are not yet integrated with any DeFi protocols.
https://preview.redd.it/yotmvtsl1lg51.png?width=1025&format=png&auto=webp&s=c8567b42839d9cec8dbc6c78d2f953b688886026

Strengths

Let’s take a look at some of the strengths with non-custodial products.
  1. Regulatory arbitrage Because these products are “non-custodial”, they are able to avoid the regulatory burdens that centralized, custodial products must deal with (KYC/AML/MTL/etc). This is a strong practical benefit for a bootstrapped startup/buildedeveloper. Though it’s unclear how long this advantage lasts as products reach wider audiences and increased scrutiny.
  2. User Privacy Because of the regulatory arbitrage mentioned above, users do not need to complete onerous KYC requirements. For example, there’s no friction around selfies, government-issued IDs, SSNs, etc. Users can preserve much of their privacy and they don’t need to worry about their sensitive information being hacked, compromised, or leaked.
  3. Absolute control & custody This is really one of the great promises of crypto — users can become their own bank. Users can be in full control of their money. And they don’t need to bury it underground or hide it under a mattress. No dependence, reliance or trust in any third parties. Only the user herself can access and unlock the money.

Weaknesses

Now let’s examine some of the weaknesses.
  1. Knowledge & Education Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto geeks. Imagine how an average, non-crypto user feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve is very high and will always be a major blocker for adoption. We’ve talked about this in our Spreading Crypto series — to reach the masses, the crypto stuff needs to be in the background.
  2. User Experience It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Product Limitations Most non-custodial wallets today are based on Ethereum smart contracts. That means they are severely limited with the assets that they can support (only erc-20 tokens). Unless through synthetic assets (similar to Abra), these wallets cannot support massively popular assets like Bitcoin, XRP, Cardano, Litecoin, EOS, Tezos, Stellar, Cosmos, or countless others. There are exciting projects like tBTC trying to bring Bitcoin to Ethereum — but these experiments are still very, very early. Ethereum-based smart contract wallets are missing a huge part of the crypto-asset universe.
  4. Technical Complexity While developers are able to avoid a lot of regulatory complexity (see Strengths above), they are replacing it with increased technical complexity. Most non-custodial wallets are entirely dependent on smart contract technology which is still very experimental and early in development (see Insurance section of this DeFi use-cases post). Major bugs and major hacks do happen. Even recently, it was discovered that Argent had a “high severity vulnerability.” Fortunately, Argent fixed it and their users didn’t lose funds. The tools, frameworks, and best practices around smart contract technology are all still being established. Things can still easily go wrong, and they do.
  5. Loss of Funds Risk Beyond the technical risks mentioned above, with non-custodial wallets, it’s very easy for users to make mistakes. There is no “Forgot Password.” There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own, just as CZ suggests. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. There are some new developments around social recovery, but that’s all still very experimental. This just isn’t the type of customer support experience people are used to. And it’s not a risk that most are willing to take.
  6. Integration with Fiat & Traditional Finance In today’s world, it’s still very hard to use crypto for daily spending (see Payments in our DeFi use-cases post). Hopefully, that will all change someday. In the meantime, if any of these non-custodial products hope to win in the broader consumer finance market, they will undoubtedly need to integrate with the legacy financial world — they need onramps (fiat-to-crypto deposit methods) and offramps (crypto-to-fiat withdraw/spend methods). As much as crypto-fanatics hate hearing it, you can’t expect people to jump headfirst into the new world unless there is a smooth transition, unless there are bridge technologies that help them arrive. This is why these fiat integrations are so important. Examples might be allowing ACH/Wire deposits (eg. via Plaid) or launching a debit card program for spend/withdraw. These fiat integrations are essential if the aim is to become the bank of the future. Doing any of this compliantly will require strong KYC/AML. So to achieve this use-case — integrating with traditional finance —all of the Strengths we mentioned above are nullified. There are no longer regulatory benefits. There are no longer privacy benefits (users need to upload KYC documents, etc). And users are no longer in complete control of their money.

Wrap Up

One of the great powers of crypto is that we no longer depend on banks. Anyone can store their wealth and have absolute control of their money. That’s made possible with these non-custodial wallets. It’s a wonderful thing.
I believe that the most knowledgeable and experienced crypto people (including myself) will always be active users of these applications. And as mentioned in this post, there will certainly be circumstances where these apps will be essential & even life-saving.
However, I do not believe this category of product is a major threat to Genesis Block to becoming the bank of the future.
They won’t win in the broader consumer finance market — mostly because I don’t believe that’s their target audience. These applications simply cannot produce the type of product experience that the masses require, want, or expect. The Weaknesses I’ve outlined above are just too overwhelming. The friction for mass-market consumers is just too much.

https://preview.redd.it/lp8dzxeh1lg51.png?width=800&format=png&auto=webp&s=03acdce545cd032f7e82b6665b001d7a06839557
The winning bank will be focused on solving real user problems and meeting user needs. Not slowed down by rigid idealism like censorship-resistance and absolute decentralization, as it is with most non-custodial wallets. The winning bank will be a world-class product that’s smooth, performant, and accessible. Not sluggish and slow, as it is with most non-custodial wallets. The winning bank will be one where blockchain & crypto is mostly invisible to end-users. Not front-and-center as it is with non-custodial wallets. The winning bank will be one managed and run by professionals who know exactly what they’re doing. Not DIY (Do It Yourself), as it is with non-custodial wallets.
So are these non-custodial wallets a threat to Genesis Block in winning the broader consumer finance market, and becoming the bank of the future?
No. They are designed for a very different audience.
------
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List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
COTI(COTI) COTI AMA w/NOW August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
AdEx(ADX) New Contract Deployed August 7, 2020
Atomic Coin(ATOM) Binance AMA August 7, 2020
PCHAIN(PAI) AMA Livestream August 7, 2020
Vexanium(VEX) AMA at D'va Community August 7, 2020
Akropolis(AKRO) Kucoin AMA August 7, 2020
BIKI(BIKI) ARCC Lock Staking Phase 3 August 7, 2020
 
Exchanges
CEEK VR(CEEK) ProBit Listing August 6, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
Sparkpoint(SRK) Sistemkoin Listing August 7, 2020
4THPILLAR TECHNOLOGIES(FOUR) LBank Listing August 7, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
Meetups
Vexanium(VEX) BP Online Meeting August 7, 2020
 
 
submitted by cryptocalbot to CryptoMarkets [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
COTI(COTI) COTI AMA w/NOW August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
AdEx(ADX) New Contract Deployed August 7, 2020
Atomic Coin(ATOM) Binance AMA August 7, 2020
PCHAIN(PAI) AMA Livestream August 7, 2020
Vexanium(VEX) AMA at D'va Community August 7, 2020
Akropolis(AKRO) Kucoin AMA August 7, 2020
BIKI(BIKI) ARCC Lock Staking Phase 3 August 7, 2020
 
Exchanges
CEEK VR(CEEK) ProBit Listing August 6, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
Sparkpoint(SRK) Sistemkoin Listing August 7, 2020
4THPILLAR TECHNOLOGIES(FOUR) LBank Listing August 7, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
Meetups
Vexanium(VEX) BP Online Meeting August 7, 2020
 
 
submitted by cryptocalbot to kryptocal [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
IOTA(MIOTA) Dev Update August 5, 2020
ChainLink(LINK) AMA August 5, 2020
Hydro Protocol(HOT) AMA 41 August 5, 2020
Pundi X [NEW](NPXS) Russian AMA August 5, 2020
Nexo(NEXO) Staking Deadline August 5, 2020
CashBet Coin(CBC) ProBit Exchange IEO August 5, 2020
Hashgard(GARD) Mainnet Launch August 5, 2020
Vexanium(VEX) AMA at BC Core Community August 5, 2020
Fetch.ai(FET) Second TV Interview August 5, 2020
DOS Network(DOS) AMA w/ Crypto Bharat August 5, 2020
ChainX(PCX) Election Deadline August 5, 2020
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
 
Exchanges
Kyber Network(KNC) Huobi Perp Swap Listing August 5, 2020
TomoChain(TOMO) LBank Listing August 5, 2020
Compound Coin(COMP) BTC Markets Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
 
Conferences
ETHLend(LEND) DeFi Conference 2020 August 5, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
 
submitted by cryptocalbot to CryptoMarkets [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
IOTA(MIOTA) Dev Update August 5, 2020
ChainLink(LINK) AMA August 5, 2020
Hydro Protocol(HOT) AMA 41 August 5, 2020
Pundi X [NEW](NPXS) Russian AMA August 5, 2020
Nexo(NEXO) Staking Deadline August 5, 2020
CashBet Coin(CBC) ProBit Exchange IEO August 5, 2020
Hashgard(GARD) Mainnet Launch August 5, 2020
Vexanium(VEX) AMA at BC Core Community August 5, 2020
Fetch.ai(FET) Second TV Interview August 5, 2020
DOS Network(DOS) AMA w/ Crypto Bharat August 5, 2020
ChainX(PCX) Election Deadline August 5, 2020
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
 
Exchanges
Kyber Network(KNC) Huobi Perp Swap Listing August 5, 2020
TomoChain(TOMO) LBank Listing August 5, 2020
Compound Coin(COMP) BTC Markets Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
 
Conferences
ETHLend(LEND) DeFi Conference 2020 August 5, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
 
submitted by cryptocalbot to kryptocal [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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