![]() | EXPERIMENT - Tracking Top 10 Cryptos of 2019 - Month Eighteen - UP +26% submitted by Joe-M-4 to CryptoCurrency [link] [comments] See the full blog post with all the tables here. tl;dr - Tether (as it's designed to do) holds its ground, all others finish the month in negative territory. Tron finishes June in second place, down -2%. BSV loses nearly 25% of value in June. Overall, since January 2019, BTC in lead, ETH takes over second place, XRP still worst performing. The 2019 Top 10 is up +26% almost equal to the the gains of the S&P 500 over the same time period (+24%). Month Eighteen – UP 26%Not a great month for the 2019 Top TenAfter a strong April and a mixed May, June was bloody for the 2019 Top Ten Cryptos. Stablecoin Tether was the only crypto to hold its ground, as it was designed to do. Question of the month:According to a June article citing unnamed sources, which two FinTech companies are planning to allow their users to buy and sell crypto directly?A) Paypal and Venmo B) Square and Cashapp C) Robinhood and Revolut D) Sofi and CoinbaseScroll down for the answer. Ranking and June Winners and LosersXRP and Stellar slipped one place each in the rankings in June, now at #4 and #14 respectively. EOS fell two spots to #11 and joins Stellar and Tron as the only three cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin, Cardano, and newcomer CRO.Tether was the only crypto to move up in rank in June. Not a good sign when Tether is the only crypto to move up. Not a good sign when Tether enters the Top 3. June Winners – Tether. Second comes Tron, which basically held its ground at -2%. June Losers – BSV lost -23% of its value in June making it the worst performing of the 2019 Top Ten portfolio. EOS had a rough month as well, down -17%, dropping two spots in the rankings, and falling out of the Top Ten. If you’re keeping score, here is tally of which coins have the most monthly wins and loses during the first 18 months of the 2019 Top Ten Experiment: Tether is still in the lead with six monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in seven out of eighteen months. The only crypto not to win a month so far? XRP. (In fairness, XRP has also not lost any month yet). Overall update – BTC in lead, ETH takes over second place, XRP still worst performingBTC is out front for the second straight month and ETH has taken over second place from BSV. Ahead until April, BSV has simply not keep up with the pack over the last two months. Bitcoin is up +144% since January 2019. The initial $100 investment in BTC is currently worth $249.Eighteen months in, 50% of the 2019 Top Ten cryptos are in the green since the beginning of the experiment. The other five cryptos are either flat or in negative territory, including last place XRP (down -50% since January 2019). Total Market Cap for the entire cryptocurrency sector:The crypto market as a whole is down about $20B in June, but still up +106% since January 2019.Bitcoin dominance:BitDom finally wobbled in June, but not by much – it’s been in a very familiar zone for months now, indicating a lack of excitement (or at least a low risk tolerance) for altcoins. Taking a wider view, the Bitcoin Dominance range since the beginning of the experiment in January 2019 has ranged between 50%-70%.Overall return on investment since January 1st, 2019:The 2019 Top Ten Portfolio lost almost $175 in June. After the initial $1000 investment, the 2019 group of Top Ten cryptos is worth $1,259. That’s up about +26%.Here’s a look at the ROI over the life of the first 18 months of the 2019 Top Ten Index Fund experiment, month by month: 18 months of ROI, mostly green Unlike the completely red table you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the lowest point (-9%), and the highest point (+114%) was May 2019. How does the 2019 Top Ten Index Fund Portfolio compare to the parallel projects?
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $2,710. That’s down about -10% for the three combined portfolios. Last month that figure was +4%. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. Here’s a new table to help visualize the progress of the combined portfolios: ROI of all three combined portfolios - not exactly inspiring How do crypto returns compare to traditional markets? Comparison to S&P 500:Good thing I’m tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Even with unemployment, protests, and COVID, the US market continued to rebound in June. It’s now up +24% in the last 18 months.The initial $1k investment I put into crypto would be worth $1,240 had it been redirected to the S&P 500 in January 2019. As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +26% over last 18 months, just about equal to the return of the S&P 500 over the same time period. Just last month the ROI of the 2019 Top Ten crypto portfolio was nearly double the S&P 500 since January 1st, 2019. But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370. That $3,370 is up over+12% since January 2018, compared to the $2,710 value (-10%) of the combined Top Ten Crypto Experiment Portfolios. Here’s another new table that compares the ROI of the combined crypto portfolios to a hypothetical similar approach with the S&P 500: We see in June the largest difference in favor of the S&P since the beginning of 2020: a 22% gap. Compare that February, when there was only a 1% difference in ROI. Implications/Observations:Since January 2019, the crypto market as a whole has gained +106% compared to the 2019 Top Ten Crypto Portfolio which has gained +26%. That’s an 80% gap.At this point in the 2019 Experiment, an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the 2019 Top Ten. Over the course of the first 18 months of tracking the 2019 Top Ten, there have been instances this was a winning strategy, but the cases have been few and far between. The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first thirty months of that Experiment. And for the most recent 2020 Top Ten group? The opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…up until the last two months. Conclusion:As the world continues to battle COVID, traditional markets seem to be recovering. Will crypto make a significant move in the second half of 2020?Final word: Stay safe and take care of each other. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment. And the Answer is…A) Paypal and VenmoAccording to a Coindesk report in June, three sources familiar with the matter say that Paypal and Paypal-owned Venmo are planning to allow their users to buy and sell crypto. Paypal has declined to comment. |
![]() | submitted by Joe-M-4 to CryptoCurrency [link] [comments] EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43% Full blog post with all the tables here.tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.The Experiment:Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended 2018 down 85%, my $1000 worth only $150. I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves. This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history. The Rules:Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.Month Seventeen – UP 43%Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.Question of the month:In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?A) Moons B) Bricks C) Satoshis D) Cryptos Scroll down for the answer. Ranking and March Winners and LosersBesides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos. May Winners – Ethereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%. May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot. For Overall update – BTC increases lead over second place BSV, XRP still worst performingAhead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment. At the other end, XRP continues to struggle, now down -41% since January 2019. Total Market Cap for the entire cryptocurrency sector:The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.Bitcoin dominance:BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, the range since the beginning of the experiment in January 2019 has been between 50%-70%.Overall return on investment since January 1st, 2019:The 2019 Top Ten Portfolio gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month: Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019). How does the 2019 Top Ten Experiment compare to the parallel projects?
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104. That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. How does this compare to traditional markets? How does the 2019 Top Ten portfolio compare US stock market?Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500. The initial $1k investment I put into crypto would be worth $1,220 had it been redirected to the S&P 500 in January 2019. But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310. That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios. That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market). Implications/Observations:The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment. For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month. Conclusion:The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?Final word: Please take care of yourselves, your families, and your communities. Stay safe out there. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment. And the Answer is…A) MoonsAccording CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details. |
![]() | ASLA is An blockchain a people ledger of info collected. It is how this information has been recorded that gives blockchain its revolutionary perspective. I will familiarise a brand new blockchain with you that will be TRON today. This blockchain name is ASLA. There are many concentrated and decentralized block-chain on the planet. A blockchain or blockchain has no CEO no controlling entity or staff. As an alternative, control is distributed across a vast network of customers. submitted by chaves05 to u/chaves05 [link] [comments] https://preview.redd.it/hxs39uov5ph51.jpg?width=600&format=pjpg&auto=webp&s=c530a16bb1ef9122de95766a3954e1b4c25a8dc8 Asla is a trading platform predicated smart and block-chain contracts. It's assisting make the crypto globe simpler. ASLA is one of the endeavors predicated on block-chain. Is that ASLA has team associates. Diligent and really working in the direction of the accomplishment of the project. This isn't just a wonderful idea-based project, but a job that concerns the potential for humanity and unites new technologies. the ASLA Products :
ASLA is one of the best-decentralized projects. ASLA project has ASLA Token which is becoming more valuable day by day. The token is already an Exchange for the trading Polondiex exchange. This token is made in Tron blockchain. TRON, WIST company, and POLONIDEX is the partner of ASLA.Investors can invest in this project for a huge future profit.#ASLA #ASLAgame #ASLAtrade #poloniex #cryptocurrency #tokens #binance #yobit #trading #gaming for other information about this project please visit official links below Website: https://aslaproject.com YouTube: https://www.youtube.com/channel/UCbQNErXj9gFgVCqjb5qiENA Facebook: https://www.facebook.com/ASLAproject-103824224487730/ Medium: https://medium.com/@aslaproject01 Twitter: https://twitter.com/ASLAproject Reddit: https://www.reddit.com/useASLA_Project Telegram: https://t.me/ASLAproject Author: < zafrans > https://bitcointalk.org/index.php?action=profile;u=1966569 TGuUr7iNnoYb1f4XmEnZJAAfhUHDHvYREc |
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However, this is the right time where many cryptocurrency trading exchanges are pulling investors to buy and sell crypto from their exchange. Let us explore more about it. https://preview.redd.it/ozm7k2tf5e851.png?width=226&format=png&auto=webp&s=f2a2ff83fc18e0c03c608df1bcef2b13f0856f02 What Is A Cryptocurrency Trading Exchange?Before going further, let us know about a cryptocurrency trading exchange. A cryptocurrency exchange is a platform where investors exchange one cryptocurrency for another. It also offers buying and selling of coins. It allows the users to trade digital currencies for fiat money too. Different exchanges perform different functions and options. Some crypto exchanges are created for traders. While other exchanges offer a crypto-fiat exchange.In this article, we have extracted 4 best cryptocurrency trading exchanges where you can buy cryptocurrency in India. WazirX
Open an account in WazirXCoinDCX
Open an account in CoinDCXRead more |
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However, this is the right time where many cryptocurrency trading exchanges are pulling investors to buy and sell crypto from their exchange. Let us explore more about it. https://preview.redd.it/splsd8pv5e851.png?width=226&format=png&auto=webp&s=5b1ca829bf5a17b49b2488529f671f39cadddc3f What Is A Cryptocurrency Trading Exchange?Before going further, let us know about a cryptocurrency trading exchange. A cryptocurrency exchange is a platform where investors exchange one cryptocurrency for another. It also offers buying and selling of coins. It allows the users to trade digital currencies for fiat money too. Different exchanges perform different functions and options. Some crypto exchanges are created for traders. While other exchanges offer a crypto-fiat exchange.In this article, we have extracted 4 best cryptocurrency trading exchanges where you can buy cryptocurrency in India. WazirX
Open an account in WazirXCoinDCX
Open an account in CoinDCXRead more |
![]() | submitted by tronspark to Tronix [link] [comments] WazirX lists TRX WazirX is a centralized cryptocurrency exchange based in India, has announced today that they will be starting to trade TRON Foundation’s TRX and it was mentioned that the TRX token was one of the top traded tokens on their platform. WazirX's Announcement With this listing, TRX followers in India would have the option to do instant IDR withdrawals and deposits using WazirX and it will provide cryptocurrency traders in India to have an alternative platform to engage trading TRON Foundation’s TRX. Since TRX and INR are now trading live on WazirX, they also announced to have a Highest Trader Kaun contest and the trader who has the highest volume of trade and number of traders would be winning TRX on their Wazir X account. Who is WazirX? WazirX is one of the most popular cryptocurrency exchanges in India and it’s operated by Binance, one of the largest crypto exchanges in the world. In November 2019, WazirX joined forces with Binance and this partnership launched a $50 million blockchain for India fund to invest in projects and startups focusing on solving issues through blockchain. The fund is backed by Binance Coin (BNB), Binance USD (BUSD), and WazirX (WRX). WazirX has also created its own token called WRX and it is known to have created only a maximum of 1 Billion WRX coins. Besides from TRON Foundation’s TRX, WazirX users can buy, sell, and trade a number of well-known cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies. WazirX users, did you start trading TRX today? We surely know how excited you are to start having TRX on your WazirX accounts and having the convenience to buy, sell, and trade TRX on your mobile devices. We are optimistic that this listing would attract more cryptocurrency exchanges in India to have TRX on their platforms. For more news and updates, see Tron Spark’s website. |
![]() | submitted by Joe-M-4 to CryptoCurrency [link] [comments] EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Month Seven - UP 74% Full blog post tl;dr - July was a down month, but still up +74% in 2019. Bitcoin wins the month, overall Litecoin holds the smallest of leads, all cryptos in positive territory for the year except Stellar and XRP. The Experiment:Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I then repeated the experiment on the 1st of January 2019. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2019 crypto space. Trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.The Rules:Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2019. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2018 Top Ten Experiment.Month Seven - Up 74%https://preview.redd.it/q1zu3e4m3ne31.png?width=1130&format=png&auto=webp&s=ed5b6698d45543e949ef02796c1b3a9b1e7bbb0cJuly hit the 2019 Top Ten portfolio hard, with a nearly -40% drop since the end of June. All cryptos are in the red except Bitcoin and Tether. June showed sideways movement, but July decisively breaks the five month win streak (or more preciously, a four-month-win-plus-one-month-sideways streak). That said, the 2019 Top Ten portfolio is still up +74% on the year. Rankinghttps://preview.redd.it/dsoc7m9u3ne31.png?width=331&format=png&auto=webp&s=1b0572ea1daf7aa361b38a386bf0271bb8b57d37Lots of movement this month. All of the Top Ten cryptos moved except Bitcoin, Ethereum, and Ripple. Of note, Litecoin and Bitcoin Cash which switched places with each other again, Stellar reclaimed its spot in the Top Ten, and EOS dropped two spots to #8. Tron is now alone as the only Top Ten dropout and has been replaced by Binance Coin. July Winners - Bitcoin, easily. All others (except Tether) were down double digits, with most falling over -20%. July Losers - Tron, easily, losing nearly 1/3rd of its value, down -32% in July. EOS had a rough month too, dropping -26% and two places in the rankings. For those keeping score, here is tally of which coins have the most monthly wins and loses during the first seven months of this experiment: Bitcoin distinguished itself from the pack this month by achieving its second monthly victory of the year. Bitcoin SV still has the most monthly loses: three out of the first seven months. https://preview.redd.it/mbqz58n04ne31.png?width=321&format=png&auto=webp&s=aa29d940d2a9a61b3bcad8c954150cf29f2a522c Overall update – Litecoin holds the smallest of leads, all cryptos in positive territory except Stellar and RippleSimilar to last month, although Bitcoin makes the headlines, it's actually Litecoin that continues to perform best, up +214% on the year. My initial $100 investment in Litecoin is now worth $321. But for the second month in a row, Bitcoin made up a ton of ground, finishing July just a few percentage points behind Litecoin.Stellar is at the bottom, down -28% so far in 2019, followed by Ripple, down -10%. Total Market Cap for the entire cryptocurrency sector:https://preview.redd.it/y6pm81g64ne31.png?width=434&format=png&auto=webp&s=e70fd60bd3e529338c0dc7b8ffd9c97a3151384aFor the first time since February, the total crypto market cap decreased, losing about $13B in July. Still, the overall market cap remains over $300B, an increase of +143% since the beginning of 2019. Bitcoin dominance:https://preview.redd.it/79c40ey84ne31.png?width=408&format=png&auto=webp&s=474612060993e8ef2ba616df00a97445dc7c7afbBitcoin dominance leaped again in July, and now is close to 68%. This sets another record for Bitcoin dominance so far in the 2019 and 2018 Top Ten Experiments. Overall return on investment from January 1st, 2019:https://preview.redd.it/aizrumub4ne31.png?width=277&format=png&auto=webp&s=b00544202d688353d7c7d52d83ef0a69864d99d1In July I saw my overall return shrink by about $400, quite a hit. If I cashed out today, my $1,000 initial investment would return $1,744, a +74% gain. Not at all bad compared to the stock market: the return I would have received from investing that same $1000 on January 1st, 2019 in the the S&P 500 is about +17%, same as last month (see below). Implications/Observations:Although the overall market ended down on the month, it's still up 143% on the year. What's noteworthy this month is the absolute chasm that's opened between the performance of the market overall and the Top Ten cryptos that I started with at the beginning of 2019. My Top Ten group? Up 74%. That's only half the return of the overall market. Remember, in May, the gains from the Top Ten and the entire market were both exactly the same amount: +114%. This month, not even close. For two straight months, focusing only on the Top Ten has been a losing strategy. This is reminiscent of last year as at no point in the Top Ten 2018 Experiment did the Top Ten strategy outperform the overall market.I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 was flat in July, still up +17% since the beginning of 2019. Solid gains, but of course nothing like what we've seen in crypto so far this year. The initial $1k investment I put into crypto would have yielded +$170 had it been redirected to the S&P compared to the $744 I'm currently up with the 2019 Top Ten Cryptos. https://preview.redd.it/dalip23i4ne31.png?width=381&format=png&auto=webp&s=7c874654b3c313e26e0049d7f0ecd04ddcab423d Conclusion:July was an obvious down month for crypto. I've been a bit delayed on the update this month so as I'm putting this together, crypto's been on a bit of an upward run, with Bitcoin looking like it's about to test $12k. The monthly nature of these updates prevents me from getting caught up in the daily fluctuations of the crypto market and allows a bit of perspective. Taking a step back, it looks, at this point at least, like July was a bit of a speedbump, but by no means signals a crypto bear market - the overall trend of the first half of 2019 is unmistakably positive.If you're just finding this experiment now, here's the backstory: On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. The result? I ended 2018 down -85%, my $1000 worth only $150. After last year's experiment ended, I decided to do two things:
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![]() | EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Month Eleven - UP 10% submitted by Joe-M-4 to CryptoCurrency [link] [comments] Full blog post with all the tables **NOTE** - I'm on the fence whether or not to repeat the experiment yet again in 2020 with the new Top Ten. The problem is that there's not been a lot of movement, so not super interesting tracking the same coins at similar prices. I have some other ideas, but very open to suggestions: if you have any good ideas, please share them in the comments below. **END NOTE** tl;dr - After a breather in October, crypto is back to the summer's downward trajectory. Every 2019 Top Ten crypto 2019 was down in November except of course Tether. Bitcoin Cash and Ripple both struggled in November, down -27% and -25% respectively. Overall, BTC and Litecoin are still far ahead of their peers, up +93% and +49% respectively in 2019, while Stellar continues to be a drag on the overall return of portfolio, down -50% in 2019. The Experiment:Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I then repeated the experiment on the 1st of January 2019. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2019 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather report and document in a detached manner letting the numbers speak for themselves.The Rules:Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2019. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2018 Top Ten Experiment.Month Ten - Up 10%November was the complete opposite of October: 100% of the Top Ten cryptos were in the green last month, 100% are in the red this month (except Tether of course, which is always flat). When Tether is the best performer, it signals a rough month for the 2019 Top Ten portfolio.Overall, the 2019 Top Ten portfolio is up +10% on the year. For context, this same group of cryptos was up +114% at the peak in May 2019. Additionally, the portfolio has fallen well behind the stock market as measured by the S&P 500 (see below). Ranking and November Winners and LosersNot much movement this month. Bitcoin Cash slipped back into the #5 slot. EOS and Tether both advanced a position (to#7 and #4, respectively) and that's it.Big picture, in the constantly shifting crypto landscape, it's a bit of surprise that nearly all of the coins that started in the Top Ten on January 1st, 2019 are still there (except Tron, which stands alone as a Top Ten dropout, replaced by Binance Coin). This is certainly different from the 2018 Top Ten Experiment where coins have fallen and fallen hard. November Winners - Winner, singular: Tether. A distant second is Stellar, down -17% in November. November Losers - Bitcoin Cash followed by Ripple, down -27% and -25% respectively. For those keeping score, here is tally of which coins have the most monthly wins and loses during the first eleven months of this experiment: Tether has pulled ahead of Bitcoin and BTCSV. Bitcoin SV has the most monthly losses, finishing last in four out of the first eleven months of 2019. Overall update – Bitcoin maintains sizable lead over second place Litecoin. All cryptos in positive territory except Stellar, Ripple, and Tron.BTC and Litecoin are still far ahead of their peers, up +93% and +49% respectively in 2019. My initial $100 investment in Bitcoin is now worth $197.All Top Ten cryptos are still either flat or in positive territory except Stellar, Ripple and Tron. Stellar continues to be a drag on the overall return of the 2019 Top Ten portfolio, down -50% in 2019. Ripple and Tron follow down about -40% and about -20% respectively. Total Market Cap for the entire cryptocurrency sector:The crypto market gave up its October gains and then some as $50B was shed in November. The overall market cap now back to the $198B mark, last seen in May 2019.A bit of perspective: it still has been a very strong year for crypto overall. The entire market cap is up +56% since the beginning of 2019. Bitcoin dominance:Bitcoin dominance decreased slightly in November. The range this year has gone from a high of 70% in September 2019 to a low of 50% in March 2019.Overall return on investment from January 1st, 2019:If I cashed out the 2019 Top Ten portfolio today, my $1,000 initial investment would return $1,100, a +10% gain.I'm down significantly in my 2018 Top Ten Experiment. If I cashed that group out today, the $1000 initial investment would return about $150, down nearly -85%. Taken together, here's the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,250. That's down -37.5%. Implications/Observations:With the crypto market as a whole up +56% on the year, how have the 2019 Top Ten cryptos performed? Up a much lower +10%. As a reminder, in May 2019, the gains from the 2019 Top Ten and the entire market cap were both exactly the same: +114%. The last few months have seen that gap widen: for six straight months, focusing only on the Top Ten has been a losing strategy. This of course implies that I would have done a bit better if I'd picked a different group of cryptos.This is reminiscent of last year as at no point in the Top Ten 2018 Experiment did the Top Ten strategy outperform the overall market. I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is up +24% since the beginning of 2019. This is now more than double the +10% my 2019 Top Ten portfolio is returning. Quite a turnaround from May of this year, when the Top Ten portfolio was up +114% compared to +10% for the S&P. So, the initial $1k investment I put into crypto would now be worth $1240 had it been redirected to the S&P 500. Conclusion:After a reprieve in October, crypto has resumed the slide it started in the summer. Until recently, it looked like the 2019 Top Ten would easily outperform the market on the year, but that outcome is definitely in doubt now. More telling, with only one month left in 2019, I'm no longer confident that the portfolio will at least break even: as of the end of November, the 2019 Top Ten portfolio only holds a slim +10% return, gains that can easily evaporate before the new year.If you're just finding this experiment now, here's the backstory: On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. The result? I ended 2018 down -85%, my $1000 worth only $150. After last year's experiment ended, I decided to do two things:
Again: although I'm planning on continuing to track both the 2018 and 2019 Top Ten Cryptos next year, I'm undecided on whether or not to repeat the experiment yet again in 2020. Please do leave your suggestions and ideas in the comments below. |
![]() | submitted by Smart_Smell to Robopay [link] [comments] Crypto-world vs COVID-19: how the crypto community fights the virus pandemic Binance, TRON, Ripple Labs, dozens of other companies and thousands of ordinary users are trying to contribute to the global war against the spread of coronavirus. DeCenter has compiled examples of blockchain companies channeling their resources into the fight against the pandemic. Computing power for research COVID-19 Research and development of vaccines requires an incredible amount of computing power. And the crypto world is ready to share them. So, a number of crypto companies have joined the project of the University of Washington Folding at Home, which, using distributed computing, studies viruses and diseases, and also develops pharmaceuticals against them. Now the researchers of the project are trying to understand how the proteins of the coronavirus work — this will help develop methods to combat it. The project recently simulated the work of an Ebola virus protein and helped scientists develop a drug. Part of their resources was donated by the American developer of Ethereum tokens CoreWeave, the Dutch blockchain company Bitfury, the decentralized computing network Golem and the blockchain platform Tezos, The Cardano Foundation and others. You can also share the computing power of your computer and join the Folding at Home job. You can provide your computer for virus research through the LiquidApps CoVax application. It directs unused PC resources to vaccine research. The application works in several stages: gathering a community and launching a separate LiquidChain network, selecting validators and, finally, connecting to research. Now the project is at the first stage — the infrastructure and services in the dApp network are built. Charity Some crypto companies have launched vigorous charity work to help hospitals and people affected by the pandemic around the world. So, in December last year, Binance launched its own charity project “Binance for Wuhan”, transferring $1.4 million into it. By early March, the company had donated several batches of medicines and protective equipment to three hundred hospitals, medical teams and command and control centers for prevention and control in Wuhan diseases. Binance also launched the Crypto Against COVID initiative, which aims to raise money to fight the pandemic through its Binance Charity foundation. The company hopes to raise $4 million that will go to purchase medical supplies for countries affected by the virus, including Italy, Germany and the United States. Anyone can transfer cryptocurrencies to the Binance fund. So far, 316.2 MTC has been raised — $2.2 million, of which Binance itself donated $1 million. It is unclear where and what exactly this money will go to — the company said that it intends to buy all the necessary supplies and send it to hospitals in the affected countries. Binance also announced that it was ready to donate up to $1 million to fight the virus. True, it chose a dubious method for this — it would donate a dollar from each repost of the tweet. At the time of the publication of the article, reposts were done 10,300 times — the amount is too modest. The company also promised that if a million retweets are collected by April 1, it will double its donations, but, unfortunately, this did not happen. In late January, the Chinese blockchain company Krypital launched a charity campaign to purchase medicines for coronavirus victims in Wuhan. The company also announced that it will create a blockchain donation system that will increase the transparency and efficiency of fundraising. A similar platform is being developed by another Chinese cryptocompany, Hyperchain. On March 12, the Helperbit charity blockchain platform announced the start of fundraising for the Italian Committee of the Red Cross — the Colli Albani Committee, which is fighting a pandemic. $10,000 will be used to diagnose cases of the virus, all other money will be used to purchase the necessary medical equipment. The stated purpose of the collection is 3.8964 MTC, and at the time of publication of the article 3.26 MTC was collected, or about $22,700. The Red Cross also supports the crypto startups Young Srl and Blockchain Education Network Italy. In late March, the Giving Block charity crypto platform announced the creation of the #СryptoCOVID19 alliance. It includes companies such as Gitcoin, Brave, Gemini and more than a dozen others. The Gitcoin project also announced a $100,000 collection in favor of projects working on the COVID-19 study. Triffic Augmented Reality gaming application announced a $10,000 collection for the World Health Organization (WHO), but only about $1,500 was listed at the time of publication. For a donation, you need to buy one of the special items in the game: toilet paper, a disinfector, or a protective mask. On March 25, Ripple Labs donated $200,000 to the Tipping Point Emergency Response Fund and the Silicon Valley Anti-Coronavirus Foundation. In the midst of a pandemic, it is necessary to support not only the healthcare system, but also business. So, crypto trader and founder of Onchain Capital, Ran Neuner, opened a fund of $10 million to help cryptocurrency and other startups in a difficult situation due to the market situation. Neuner himself has launched several startups and knows firsthand that sometimes companies can change the world, but they need help to survive difficult times. In addition to helping with money, the trader also promised to help with his business contacts and mentoring. Neuner’s initiative was joined by former Techstars blockchain managing director Yossi Hasson, who plans to expand the fund to $50– $100 million. A wave of free connections to services has reached the crypto world. Orchid startup, a decentralized VPN service, offers journalists free access. This should help those avoid censorship and transmit information no matter where they are. To get free access, you must write to [[email protected]](mailto:[email protected]), confirming your status as a journalist or indicating past publications. You can help not only with money, but also with your own knowledge. So, lawyers Grant Gulovsen from the law firm Gulovsen and Rafael Jacobi from Crypto Lawyers have teamed up to offer members of the crypto community free 20-minute legal advice in an online format. Experts help crypto companies comply with regulatory requirements and corporate law. Blockchain Benefits in Fighting a Pandemic On March 27, the World Health Organization (WHO) launched the blockchain platform to combat COVID-19 — MiPasa. It should help in tracking and predicting regional and global epidemiological trends, finding asymptomatic carriers of the virus, infection hotspots, and sharing pandemic data. MiPasa is built on the Hyperledger Fabric platform in collaboration with companies such as IBM, Oracle and Microsoft. A number of national healthcare institutions — the United States, Canada, Europe and China — are also contributing to this project. Several dozen blockchain applications have been launched in China to help combat the spread of the virus. They are used to manage personal data of citizens, track and protect the information collected, implement pass systems, distribute medical supplies and collect charitable donations. For example, the technology startup FUZAMEI launched a blockchain platform designed to increase the transparency and efficiency of charitable activities and the exchange of medical data. Blockchain also helped circumvent censorship — Chinese journalist Sara Zheng used the Ethereum network to publish an interview with a doctor from Wuhan. Blockchain is also considered as the most effective means by which it would be possible to distribute financial support for citizens. So, in late March, the US Congress considered (but was rejected) a bill to launch a digital dollar in response to the coronavirus pandemic. Messari data aggregator has launched a new resource for tracking statistics on the distribution of coronavirus in the United States — COVID-19 Tracker. It collects up-to-date information on the spread of the virus in all 50 states, several regions, and the Grand Princess cruise ship. A similar service, CoronavirusAPI, was also launched by BlockSeer founder Danny Young. Algorand Foundation launched iReport-Covid, a site that collects data on people’s health through questionnaires. The creators of the project believe that this information can be useful even after 10 years, when the researchers continue to study the virus. Enigma is developing the SafeTrace platform, which allows you to track the contacts of people with the infected, while maintaining their confidentiality. The same system within the framework of the online hackathon “WirVsVirus”, initiated by the German government, was developed by the IOTA community. It is called TrackCovidCluster and allows you to track the location of the patient and the circle of his contacts. The data is anonymous, and potentially infected people may receive a risk warning. People with a positive coronavirus test can use this app to share this with their contacts. Then uninfected people can find out that they were in the immediate vicinity of the infected. Analogs also work in China, South Korea and Taiwan. At the end of March, the Decentralized AI Alliance (DAIA), an alliance of more than 50 companies, laboratories, and nonprofits engaged in research and development in the field of artificial intelligence, launched the COVID-19 hackathon. The event will last 8 weeks. Its goal is to develop and launch open source code and tools that can be used by the medical community to defeat COVID-19. In conclusion It’s great that in difficult times, the crypto community is trying as much as possible to help and contribute to the fight against the coronavirus pandemic. This will help the industry in positioning itself as socially responsible and move further away from the image of the financial pyramid. |
![]() | submitted by Joe-M-4 to CryptoCurrency [link] [comments] EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Month Ten - UP 39% Full blog post with all the tables tl;dr - Every 2019 Top Ten crypto gained in October and the group is up +39% so far this year. BTSV and Tron have a strong month while Bitcoin leads overall followed by Litecoin up +145% and 95% respectively. Take the two Top Ten experiments together, I'm down -21%. **NOTE** I'm not usually one to name and shame, but since you haven't responded to my message in a week u/cryptosyringe: I noticed you took my post without permission, posted it on your website, removed my links, claimed it as your own, without giving me a mention let alone credit. Stop it. The Experiment: Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I then repeated the experiment on the 1st of January 2019. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2019 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather report and document in a detached manner letting the numbers speak for themselves. The Rules: Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2019. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2018 Top Ten Experiment. Month Ten - Up 39% With each of the 2019 Top Ten Cryptos finishing in the green (except Tether of course, which was flat), October decisively snapped the downward trend we had seen over the three previous months. When Tether finishes last, the portfolio is having a good month. Overall, the 2019 Top Ten portfolio is up a strong +39% on the year, but no where near the +114% peak this same portfolio achieved at the end of May 2019. Tied last month with the stock market (as measured by the S&P 500), the 2019 Top Ten Portfolio has regained a healthy lead (see below). Ranking and October Winners and Losers It's almost as if the rankings were reset in October: despite some internal maneuvering (Bitcoin Cash back into fourth place, EOS and Tether both slipping a spot to #8 and #5, respectively), the players remain almost exactly the same. Even Tron, which has slipped out of the Top Ten, is almost back in its original position thanks to a very strong month where it climbed from #14 to #11. This is quite different from the 2018 Top Ten Experiment where after 10 months four cryptos had convincingly dropped out of the Top Ten. It's only gotten worse as those four have continued to fall as the 2018 experiment rolls on. Again, despite its strong October, Tron stands alone as a Top Ten dropout, replaced by Binance Coin. October Winners - BTCSV gained a massive +50%, easily outperforming the field. Second goes to Tron, up +36%. October Losers - Tether alone was in the red this month, followed by Ethereum which gained a modest +4%. For those keeping score, here is tally of which coins have the most monthly wins and loses during the first ten months of this experiment: a three way tie between Bitcoin, BTCSV, and Tether all with two monthly victories each. Bitcoin SV also has the most monthly loses, finishing last in four out of the first ten months of 2019. Overall update – Bitcoin with a sizable lead followed by Litecoin. All cryptos in positive territory except Ripple and Stellar. BTC and Litecoin are still far ahead of their peers, up +145% and +95% respectively in 2019. My initial $100 investment in Bitcoin is now worth $250. All Top Ten cryptos are still either flat or in positive territory except Ripple and Stellar. Although each increased in value in October, Stellar remains in the basement down -40% so far in 2019, followed by Ripple, down -18%. Total Market Cap for the entire cryptocurrency sector: After three straight losing months, October saw a bounce. The total crypto market cap increased about $26B in October. The overall market cap is sitting around the $248B mark, a level we last saw in September 2019. Still, it has been a very strong year for crypto: we've seen an increase of +95% in total crypto market cap since the beginning of 2019. Bitcoin dominance: Bitcoin dominance ticked down slightly in October, down about -1/2% to 67.2%. The month end high in 2019 was 70.5% in at the end of August. Overall return on investment from January 1st, 2019: If I cashed out today, my $1,000 initial investment would return $1,386, a +39% gain. I'm down significantly in my 2018 Top Ten Experiment. If I cashed that group out today, the $1000 initial investment would return about $192, down nearly -81%. So, taken together, here's the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,579. That's down about -21%. Implications/Observations: With the market as a whole up +95% on the year, how have the 2019 Top Ten cryptos performed? Up a respectable but still much lower +39%. As a reminder, in May 2019, the gains from the Top Ten and the entire market were both exactly the same: +114%. The last few months have seen that gap widen: for five straight months, focusing only on the Top Ten has been a losing strategy. This is reminiscent of last year as at no point in the Top Ten 2018 Experiment did the Top Ten strategy outperform the overall market. I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is up a very healthy +23% since the beginning of 2019, but still much less than the Top Ten of 2019, up +39%. For reference, the gap has been extremely wide at different points during the year. For example, the Top Ten portfolio was up +114% compared to +10% for the S&P in late May of this year. The initial $1k investment I put into crypto would have yielded +$230 had it been redirected to the S&P. Conclusion: Probably due to the news out of China, October saw a welcome reversal of a multi month slide in crypto. The last few months of the year have been busy in recent history. Around this time of year two years ago, the market started skyrocketing while last year it started to slide. We'll soon see which of these histories repeat itself or if crypto has something altogether different in store. If you're just finding this experiment now, here's the backstory: On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. The result? I ended 2018 down -85%, my $1000 worth only $150. After last year's experiment ended, I decided to do two things:
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![]() | Last month one of the leading centralized exchanges (CEX) in the world, OKEx have decided to burn 700 million unissued OKB, the exchange’s utility token. The OKEx management also revealed that no more additional issuance of the utility token in the future, making the digital asset deflationary and the first of its kind that is fully circulated. submitted by ankarlie to newdex [link] [comments] With this development, the total supply of OKB now is around 300 Million and will continue to decrease as the exchange continues its on-going OKB Buy-back and burn program for the benefit of token holders. The CEX wrote in a blog-post that these initiatives were aimed to generate more value for OKB holders and users. If you have been in the cryptocurrency industry long enough I am quite certain that you have a good idea what is a Utility Token. But for the benefit of those who want a better understanding of the said asset and those who are new in the industry indulge me to discuss what it is and what role do they play in this nascent industry. Let’s begin with its definition. What is a Utility Token?https://preview.redd.it/z2ugdc189sr41.png?width=1249&format=png&auto=webp&s=6484f5aa78883ac97aeb8373441b98804cdb9249 According to bitcoinwiki.org: Utility Token is a digital asset that is used to finance the network by providing its buyers with a guarantee of being able to consume some fo the network’s products. Unlike security tokens and shares, it does not provide the rights of ownership over a part of a company. In other words, it is a digital asset that serves as a right to use services and products of a particular network and are not considered equity or rights ownership of a company nor a stake on the company’s revenue. Moreover, its value emanates only for its inherent functions and properties within the network. Most of these Utility Tokens are issued using the Ethereum blockchain, the first and leading smart contract platform in the industry. High profile blockchain projects like Brave, Chainlink, and USDT used the ERC20 tokenization standard to issue their digital assets. Other highly successful projects originating from ERC20 tokens moved on to their own blockchains such as Binance Coin, EOS and TRON which are more scaleable, cheaper to use and do not require massive amounts of electricity to run. What are the Use Cases of Utility Tokens?Now that we have an idea of what it is let us now discuss the various implementations of Utility Tokens. The most pervasive and common use case of Utility Tokens are used during blockchain-based crowdfunding and distribution events such as Initial Coin Offering (ICO), Initial Exchange Offering (IEO) or similar activities. https://preview.redd.it/y155kfb99sr41.jpg?width=1068&format=pjpg&auto=webp&s=d7b7b1533d162dea208966ba9aa1eab0382a9533 Image Source Another use cases for Utility Tokens which have seen great success in the blockchain industry are Exchange Utility Token. Some of the more notable ones include Binance Coin. OKB and Huobi Tokens (HT) who all were initially issued as ERC-20 Tokens and eventually move to their own blockchain. Binance and more recently OKEx’s have now their own chains while HT is till using ERC-20 standard while its native chain is being developed. Exchange Utility Tokens are primarily used to incentivize users of the exchange. They are used as currency to subscribe to some exclusive services or membership and sometimes as some sort of a loyalty reward mechanism or other value-added services. A prime example of this is the Binance coin. Binance Coin is utilized to pay for discounted fees on its CEX as well as the opportunity to participate in exclusive Initial Exchange Offering (IEO) as well as voting on new listings. Newdex Exchange Utility TokensExchange Utility Tokens also exist on decentralized exchanges such as Newdex, the world’s largest EOS-based decentralized exchange. Dubbed as the Newdex Platform Ecological Token (NDX) it is used for VIP membership subscription, repurchase and destruction, staking concessions, Token airdrops, advertising bidding, independent listing, and others. Furthermore, it serves as a loyalty reward for participating in KYC verification as well as in marketing and awareness campaigns. https://preview.redd.it/eepik85b9sr41.png?width=750&format=png&auto=webp&s=154554ab9024438f5869c7b41b33bdd5e584fc44 Holding NDX allows users to trade without having to worry about CPU resources which is a required computational resource in the feeless transaction model of EOS. Users NDX staked are classified into different VIP membership levels. Higher-level VIPs have more CPU-less transactions, more airdrops, and other benefits. NDX is a tradeable digital asset in Newdex that may or may not increase value over time. Like Binance and OKEx, Newdex has implemented token buyback and token burning initiatives to stimulate a more positive price action for its own native exchange utility token NDX. Currently, there are 4 burning scenarios which are listed in the bullet below:
Token Buyback and Burninghttps://preview.redd.it/mpvbqvec9sr41.jpg?width=740&format=pjpg&auto=webp&s=b36c5bfcc36fdd798e275c8a72fb38db39ba044e Image Source The prevalence of this activity in many of the leading Exchange Utility Tokens may make others wonder what is the relevance of this activity. As already stated above it is an effort to catalyze a more positive price movement of their Utility Tokens. it is based on pricing theory, the scarcity principle which states that the price for a scarce good, in this case, NDX, should rise until equilibrium is reached between supply and demand. In other words, the act of burning tokens will decrease the supply, the lower supply translates to higher prices by virtue of the aforementioned principle above. Final thoughtsExchange Utility Tokens has become an integral part of both centralized and decentralized exchanges as a means to enhance the trading experience of their users as well as to add more value to their platform. I expect both centralized and decentralized exchanges to continue this practice and implement various burning scenarios to incentivize users to hold and keep their Exchange Utility Tokens.I believe that exchanges will find creative ways how to implement burning scenarios that will keep users interested and engaged. They will offer various incentives that will entice users to accumulate these tokens and perhaps with enough development may evolve to tokens beyond what they were initially designed to do. Learn more about NDX in the following links below: Website: https://newdex.io/ Twitter: https://twitter.com/NewdexOfficial Medium: https://medium.com/@marketing_27690 |
These days you can buy and sell TRON’s native currency, Tronix, on a wide range of crypto exchanges, so keep reading for step-by-step instructions on how to start trading TRX in the US. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. How to Buy Tron on Binance – Step-By-Step Guide What is TRON (TRX) in Short? TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol, one of the largest blockchain based operating systems in the world, offers scalable, high-availability and high-throughput support that ... TRX is traded in a number of popular exchanges and buying some shouldn't be a complicated exercise. There are two main methods of acquiring TRX; you can use fiat currencies to buy it, or you can exchange it with another cryptocurrency in a digital exchange.. In case you are wondering how to exchange Bitcoins for Tron, the Binance cryptocurrency exchange is a good place to start. Step 4: Buy TRON (TRX) in Binance using Bitcoin. Open the Advanced trading window from the Exchange option in the Binance site. In the upper right next to account is should list what you are currently trading. Click this, and from the drop down, search for or select TRX/BTC. This option means you will buy TRON (TRX) using Bitcoin (BTC). Buy Tron on Binance today! Justin Sun, who’s the CEO tends to position TRON as the new distributed economy in digital entertainment which includes streaming videos, online gambling to social networks where users are in control the economy. The cryptocurrency that runs on the TRON blockchain is called TRONIX (TRX).. Tron currently ranks 13th position on the crypto charts with a market cap of ...
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How to buy TRON TRX using the Binance Exchange - Duration: 6:37. GottaMinute 17,213 views. 6:37. Ethereum (ETH) is Your Best Bet for Wealth in 2020 - Duration: 11:52. On this Tutorial we're going to teach you how to buy Tron (TRX). It only requires a few simple steps, so within 10 minutes you'll have one of the best cryptocurrency investments. Sign Up BINANCE ... This is a step by step beginner guide of how to buy TRX (Tron) on Binance (One of my favourite exchange platform). Set up your account and buy TRX today: https: ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. How to buy TRON TRX using the Binance Exchange - Duration: 6:37. GottaMinute 17,030 views. 6:37. 50+ videos Play all Mix - How To Buy TRON/TRX Coin On Binance YouTube; Mix ...