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All About Quannabu, the Cryptocurrency Built for the Cannabis Industry

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quannabu

In 2019, merchant processor Fortress Payment Technologies announced that it would no longer be able to accept Visa payments for cannabidiol (CBD) related products. The announcement only gave merchants eight hours’ notice of the change, this is just one example of the many financial hurdles that the cannabis industry has faced when trying to process transactions for cannabis-related products.

Unfortunately, because legislation and regulations in the cannabis industry are still evolving, the industry is consistently dealing with these obstacles. To avoid any possible risks, even in areas where cannabis is now legal, most banks, credit card companies, and payment providers will avoid working directly with cannabis transactions.

Due to difficulties faced with transactions, many businesses are inclined to use cash as their standard payment method. However, storing cash presents a whole host of problems for businesses. Not only are businesses’ security compromised with the increased possibility of theft, but also their employee’s safety when transporting cash.

To provide a solution to the problem the cannabis industry has been facing, London-based startup Quannabu has launched a decentralized payment network for cannabis-related transactions on the blockchain. Quannabu also has a payment platform called Quannabu Pay, which is built on the blockchain and allows businesses and consumers to seamlessly transfer funds without any financial hurdles.

The company’s financial solution for the cannabis industry will not only have its own form of cryptocurrency, but also a secure infrastructure in place. Since legislation is still a work in progress for many countries, regulations are constantly changing and have created a complex and sometimes disjointed supply chain. This means that authorities have a harder time tracking the supply of cannabis.

Thanks to Quannabu’s blockchain technology, the company has created a product that minimizes illegal activity by allowing law enforcement to track the source and supply of all cannabis products. This means that governments can track the movement of cannabis and stop any illicit circulation in its tracks, creating more space for a safer and regulated marketplace.

The transparency into the supply chain that Quannabu provides will not only increase supply chain visibility to law enforcement, but also consumers, manufacturers, and suppliers. Through this solution, the company is increasing trust and creating a safer industry as a whole.

In addition to the company’s supply chain solution, token offering, and secure payment platform, it also operates Quannabu Labs, a groundbreaking testing laboratory that is dedicated to CBD-related activities on and off the blockchain—the only operation of its kind in the world.

Lastly, the company is also working towards establishing its very own hemp farm, to farm pharmaceutical-grade hemp. The facility will have certified testing equipment so it can consistently and accurately test its plants.

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Derived Finance Raises $3.3 Million in a Fresh Round of Funding

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Derived Finance Raises $3.3 Million in a Fresh Round of Funding

A multi-chain DeFi initiative, Derived Finance promotes the use of leveraged synthetic assets. Using derived (synthetic) assets, users may own underlying assets/instruments without actually holding them. This allows users to exchange digital and conventional assets in the cryptocurrency markets while remaining in the crypto ecosystem.

Derived will be the first and only platform that enables Leveraged Minting. That implies users may utilize leverage up to 3x and choose the CR they wish to mint synthetic assets. The CR will change depending on the leverage, allowing users to mint according to their risk tolerance. This restores the user’s power and unlocks collateral potential.

The platform is based on Polkadot, allowing for great throughput and efficiency. It is a scalable platform that can be used on many blockchains and platforms. It has several unique features, including Leverage Minting, Hybrid Tokens, and Binary Options. The IDO will be held on October 13-14, 2021.

  • The total number of tokens available is 1,000,000,000.
  • The total number of tokens in circulation is 15,350,000.
  • Initial Market Capitalization: $960K

It raised approximately $3.3 million from over 30 venture capital firms. AU21, Poolz, Nabais Capital, Dweb3, Occamfi, Genblock Capital, and others joined the financing round headed by GSR. The venture companies were excited with Derived’s value proposition and current development progress.

Bharat Verma, CEO of Derived Finance, said in response to the successful funding round: “We are thankful to all the investors who reposed their faith in us and joined the fundraiser. More than 30 Venture funds participated in the funding round, with over $3.3 million raised.”

The funds raised will be used to build crucial Derived Finance functionalities. The team aims to be the first and only multi-chain Synthetics trading platform. Avalanche, Binance Smart Chain, Cardano and Polkadot are now supported. Additional capacity for all significant chains is planned.

Staking incentives for traders is another major attraction, allowing them to earn rewards while trading staked tokens. Derived will handle various currencies, enabling customers to trade in their currency while trading global derivatives.

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Top 10 Coins by Social Volume in Last 7 Days

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Top 10 Coins by Social Volume in Last 7 Days

The top 10 coins by social volume in the last 7 days are Bitcoin, Shiba Inu, Ethereum, Dogecoin, PancakeSwap, Cardano, SafeMoon, Tezos, Axie Infinity, LaunchZone.

1. Bitcoin (BTC)

The king of cryptocurrencies Bitcoin (BTC) is the mysterious money of the internet. In the last 8 years, Bitcoin’s popularity was increased gradually. In this trending world Some of them using Bitcoin for investment purposes and daily transactions.

As per CoinMarketCap, Bitcoin price was increased nearly 0.91% with the 24-hour trading volume of $40,846,486,480. At the time of writing Bitcoin price was waving at $57,193.94.

2. Shiba Inu (SHIB)

Shib Inu (SHIB) is built on the Ethereum blockchain. Shiba Inu (SHIB) is a part of the swarm of dog-themed cryptocurrencies, such as baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Toke (LASM). SHIB was found to be the 2nd top cryptocurrency by social volume.

According to CoinMarketCap, SHIB price was trading at $0.00003107 and gained over 15% in the last 24 hours, the circulating supply of SHIB is 394,796.00B SHIB.

3. Ethereum (ETH)

Ethereum (ETH) is the top 2nd cryptocurrency in the crypto market.  The main idea of Ethereum is to design a platform that enabled it to execute smart contracts using the blockchain, which further strengthens the existing advantage of smart contract technology. Ethereum (ETH) price was trading at $3,486.87 with a 24-hour trading volume of $17,104,974,876.

4. Dogecoin (DOGE)

Initially, Dogecoin (DOGE) has been utilized as a tipping system on Reddit and Twitter to reward the sharing or creation of quality content. There are many differences between Dogecoin and Bitcoin’s proof-of-work protocol and one among them is Scrypt technology. More so, Dogecoin also attracted many people to social media so it becomes the top 4th crypto by social volume.

According to CoinMarketCap, Dogecoin (DOGE) price remains at $0.2252 with 24-hour trading volume of $1,551,103,305. At the time of writing DOGE’s price has been slightly dropped over 5% in the last 24-hour.

5.PancakeSwap (CAKE)

The next top crypto by social volume is PancakeSwap (CAKE), which has secured the 40th rank in the crypto market. The users of PancakeSwap can be traded against a liquidity pool, and later CAKE can be utilized to reclaimed their share of the pool also a portion of the trading fees. Furthermore, at press time CAKE’s price was trading at $18.35 with a 24-hour trading volume of $212,763,506. As per CoinMarketCap, the circulating supply of CAKE is 231,999,128.57 CAKE.

6. Cardano (ADA)

The third topmost cryptocurrency in the crypto market is Cardano (ADA). It is a well-known blockchain platform. Charles Hoskinson is the founder of Cardano who is the co-founder of the Etehreum network. In terms of market capitalization, it is the biggest cryptocurrency in the world. And it can be traded in top crypto exchanges such as Binance, Huobi Global, Mandala Exchange, OKEx, and FTX.

At press time, as per CoinMarketCap, ADA price has been trading at $2.14 with the 24-hour trading volume of $2,786,681,894. Currently, the circulating supply of ADA is 32.90B ADA.

7.SafeMoon (SAFEMOON)

The next top cryptocurrency by social volume is SafeMoon (SAFEMOON). The protocol is the combination of RFI tokenomics and an auto-liquidity generating protocol. SafeMoon will be grown gradually by including an NFT marketplace and coin launchpad. So the users can create their cryptocurrency in the SafeMoon platform.

Furthermore, SAFEMOON Price was waving at $0.000001549 with a 24-hour trading volume of $5,716,285. At the time of writing SAFEMOON’s price has been decreased roughly 4.15%.

8. Tezos (XTZ)

Tezos is also a blockchain network that is based on smart contracts. It aims to provide a highly advanced infrastructure that is it can evolve and improve over time without there ever being a danger of a hard fork. Furthermore, as per CoinMarketCap, XTZ’s price was trading at $7.05 with a 24-hour trading volume of $463,818,777. The circulating supply of XTZ is 862,928,363.92 XTZ.

9. Axie Infinity (AXS)

A blockchain-oriented trading and gaming platform is Axie Infinity. It allows players to collect, breed, raise battle, and trade token-based creatures called Axies. Axie Infinity can be traded in top crypto exchanges such as Binance, Huobi Global, Mandala Exchange, OKEx, and FTX. Moreover, AXS prices have been increased over 2% in the last 24 hours and it has been waving at $123.16. The 24-hour trading volume of AXS also gained over 59% in the last 24-hour.

10.LaunchZone

The last top Cryptocurrency by social volume in the last 7 days is LaunchZone (LZ). LaunchZone is a decentralized finance (DeFi) platform, it will control the assets in the top effective way. Henceforth, LaunchZone offers the most updated exchange rates, the lowest fees, and the best APY. 

As per CoinMarketCap, LZ’s price has been trading at $4.15% with a 24-hour trading volume of $422,786. At the press time, LZ price has been decreased nearly 13%, the 24-hour trading volume has been gained over 70%.

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Bitcoin Eclipses Trillion-Dollar Market Cap on Equity ETF Approval – Crypto Weekly Roundup, October 11, 2021

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Bitcoin Eclipses Trillion-Dollar Market Cap on Equity ETF Approval - Crypto Weekly Roundup, October 11, 2021

Shiba Inu Token runs ahead with 100% gains

Bitcoin has surpassed $56K, reclaiming its trillion dollar market cap as the U.S. treasury
rules out minting a platinum coin of the same value.

The move higher comes on a raft of positive news: the U.S. Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) giving exposure to companies holding crypto, the investment firm founded by billionaire George Soros has revealed a Bitcoin allocation, and Brazil is following El Salvador by preparing a bill that will make the cryptoasset a recognized currency.

All this action has put Bitcoin center stage with over 15% weekly gains, but several altcoins have also put on a wild performance. Shiba Inu doubled in price and Stellar added 8% on a new partnership with MoneyGram. Meanwhile, Tezos gave back recent gains by sinking 14%.

This Week’s Highlights

  • Shiba shakes off the leash with 100% weekly gains
  • Regulatory fears fade as White House weighs executive order
  • eToro launches Filecoin and Polkadot on its investment platform

Shiba shakes off the leash with 100% weekly gains

Shiba Inu Token has doubled in value over the last week, running ahead of the pack to reach twelfth place in the market cap rankings.

At its highest point, Shiba was up over 300%. This followed a tweet from Elon Musk about his dog Floki of the same breed, and the launch of 10,000 Shiboshi NFTs on the recently launched decentralized exchange ShibaSwap.

Meanwhile, Musk’s pet project Dogecoin is laying low. The rival canine-themed crypto finished the week with 4% losses.

Regulatory fears fade as White House weighs executive order

The rising prices come as the Biden administration considers an executive order to regulate the crypto industry.

This is widely expected to be bullish as it follows positive comments from the heads of U.S. government agencies. SEC Chair Gary Gensler told Congress on Tuesday that the agency has no plans to follow China into a crypto ban, joining Federal Reserve Chairman Jerome Powell, who expressed the same sentiment at the end of September.

Instead of a ban, more nurturing regulation might come in the form of the “Clarity for Digital Tokens Act of 2021.” This bill was proposed last Tuesday and would create a “safe harbor” for projects that raise funds to build decentralized networks.

eToro launches Filecoin and Polkadot on its investment platform

eToro has added two more assets to its crypto offering, bringing the total number of cryptoassets available to 31.

The new cryptos are Filecoin (FIL), which powers a decentralized storage network, and  Polkadot (DOT), a platform for cross-chain transfers.

Week ahead

As Bitcoin continues to close in on all-time highs, chatter about the approval of a Bitcoin ETF in the U.S. is reaching fever pitch.

The first ETF to be approved could be the ProShares Bitcoin Strategy ETF, backed by Bitcoin futures, which is due to be decided on October 18th.

Meanwhile, traders will be keeping their eyes peeled for broader regulatory developments from the highest branches of the U.S. government.

 

Image by Petra Göschel from Pixabay

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YAY Games Partners with SmartEcoSystem for their new Smartphone Release

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Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

Moscow, Russia, 12th October, 2021,

 With the mobile trend sweeping over the world, more and more internet users spend increasingly larger amounts of time on their smartphones and tablets. Mobile gaming, in particular, has been a driving force behind the growth of the gaming industry, being responsible for almost 50% of the video game revenue worldwide.

As the penetration rate of mobile and smartphone usage continues to accelerate, it is no wonder YAY Games, a decentralized gaming marketplace, has established a partnership with SmartEcoSystem company to bring an exclusive smartphone product.

YAY Games AYYA Smartphone

SmartEcoSystem specializes in the development and production of consumer devices operating in LTE and 5G networks. They are engaged in designing and developing relatively simple data transmission devices and complex hardware and software systems.  Currently, the company’s priority is the development of products for data transmission in LTE networks as the most widespread in Russia and the world. 

One of the essential directions of the company’s activity is the development of smartphones under the AYYA brand with a further release on the market. The AYYA smartphone presents a unique ecosystem that opens up access to useful intelligent features for a wide range of users to make their life easier and safer. 

But what’s more important, AYYA smartphones will be released with a pre-installed copy of Bold Point. As a groundbreaking NFT role-playing card game, Bold Point is the first flagship product of the YAY Games platform and will be released on Q4 of this year. 

Besides the above-mentioned, YAY Games and SmartEcoSystem have also discussed launching a limited version of AYYA Smartphones dedicated to the release of Bold Point. This new model will provide users with a new level of communication security.

“We are pleased to announce the release of a limited batch of the AYYA Bold Point smartphone. YAY Games is launching a truly innovative product on the market, which fully corresponds to our company’s philosophy. AYYA smartphone and Bold Point game represent the development of already familiar products in new directions.” 

General Director of SmartEcoSystem LLC Vladislav Ivanov

YAY Games

YAY Games provides a platform for decentralized games built on Blockchain technology. The games featured on YAY store all in-game data like achievements, objects, actions in the public domain. Thus, it’s completely impossible to twist game mechanics in favor of the administration or the players.

YAY took the best of gaming and crypto industries by adding innovative mining game mechanics, which include the incorporation of and Non-Fungible Tokens (NFTs) tokens and Decentralized Finance (Defi) features. The platform was built to target both gamers, crypto enthusiasts, and newcomers to the decentralized gaming industry.

Through the use of blockchain technology, YAY creates games for players to easily immerse themselves in fascinating virtual worlds, earn in-game achievements, participate in battles both against humans and computer opponents, and at the same time earn money while playing. 

Our research-based commentary: “Based on the analysis results of the decentralized games market at the end of 2020, we realized that the threshold for entering Defi games projects is very high for ordinary users, both in terms of financial investments and in terms of technical literacy. Therefore, we decided to develop a technical platform which will allow ordinary players to get acquainted with the crypto industry and decentralized projects by creating a friendly game with a very low entry threshold.” This decision was the Bold Point. Bold Point is an NFT-based collectible card RPG game using innovative mining mechanics. Thanks to its own Sidechain technology, Bold Point allows players to dive deeper into the world of decentralized finance and crypto industry and get all the benefits of financial innovation without connecting their real wallets: in fact, Sidechain is a sandbox within the game’s circuit. 

Bold Point

In Bold Point, gamers will have an abundance of options. Level up your character, gain experience in battles, learn devastating skills, and improve characteristics, thereby making your character stronger enough to fight in the battle arena.

All characters and achievements are unique NFT tokens that can be collected, bought, sold, and exchanged on the in-game NFT market. The game is based on an innovative gaming model at the junction of the Play-to-earn and Free-to-play models, where players can earn money without investing their funds to start the game or increase the value of their virtual assets.

For such projects, Bold Point is incredibly easy to explore and play. It’s pretty easy for newcomers to enroll in the world of decentralized finance with the help of educational and game mechanics. The most friendly approach is used to start the game – upon registration, Bold Point will carefully guide you through all the necessary steps. 

About YAY Games

YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance.

YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.

We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools, and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments, and more.

Do not miss your chance to join us on this journey through the blockchain. Follow us on Twitter, Telegram, and Medium

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Crypto Market Analysis: October 11, 2021

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Crypto Market Analysis: October 11, 2021

Cryptoassets staged a significant rebound last week with Bitcoin closing back in on its all-time highs.

The world’s largest cryptoasset, bitcoin rose across the week. Having started trading below $48,000 it surged on Thursday to over $54,000 and has staged further gains in early trading today.

The cryptoasset is currently trading around $56,500 its highest level since May this year, and crucially is back within the range that saw it reach an all-time high of $63,569 on 14 April.

Ether meanwhile has had a more mixed week with significant volatility, but is still well above its end-of-September levels.

ETH started last week trading around $3,350 and saw its price hit $3,665 on Friday.

Amid an overall trend of gains last week the cryptoasset has been dogged by volatility – plunging on 6 October after starting the day above $3,500, collapsing to $3,362, then surging back to above $3,600.

ETH saw wild swings late on Sunday too but the cryptoasset is currently trading around $3,500.

White House mulls crypto order

US President Joe Biden and his team are considering the publication of an executive order on crypto that could have far-ranging consequences for the asset class.

Per Bloomberg, the order is designed to coordinate responsibilities of different federal agencies on the treatment of crypto, and also mandate those agencies to study and offer recommendations for its regulation.

With Biden’s financial regulators increasingly aggressive stance on cryptoassets, any executive order would look to shed more light on the industry and attempt to place controls upon it.

According to Bloomberg, no decision has been made on releasing the order yet, but the framework would bring together the work of agencies such as the Treasury Department, Commerce Department, National Science Foundation, financial regulators and security agencies.

The administration is also looking to appoint a crypto ‘czar’ to oversee action within the President’s remit.

Bitcoin miner looks to list in London

Bitcoin mining firm Bitfury is considering a $1 billion float on the London Stock Exchange.

The firm is looking to list in the next 12 months, in what would be the largest ever European cryptoasset float, according to The Telegraph.

Bitfury is headquartered in the Netherlands but its legal base is in the UK. Filings show the firm is currently valued around $1 billion per its last funding round.

The firm, which was founded in 2011 by a Latvian entrepreneur called Valery Vavilov, mines bitcoin with operations in Canada, Norway, Iceland and Central Asia.

The company also supplies miniature data centres encased in shipping containers to customers looking to deploy their own mining operations.

Brazil to adopt bitcoin as legal tender

Brazil could soon be adopting Bitcoin as legal tender, following in the footsteps of El Salvador.

South America’s most populous nation currently has a bill passing through its chamber of deputies (equivalent of the House of Commons in the UK) which would create a legal regulatory environment for cryptoassets.

The Federal Deputy sponsoring the bill, Aureo Ribeiro says he wants to create regulatory certainty for consumers with this bill, which would allow for the transparent transaction of a basket of cryptoassets.

“We want to separate the wheat from the chaff, create regulations so that you can trade, know where you’re buying and know who you’re dealing with.

“With this asset you will be able to buy a house, a car, go to McDonald’s to buy a hamburger – it will be a currency in the country as it happened in other countries. This will allow transactions of this asset in our country, which will be regulated by a government agency.

“We already made an agreement with both, Central Bank and the Securities and Exchange Commission of Brazil (CVM), over opportunities of this asset and its recognition within, for example, real estate value or currency of daily use.”

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.

All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

 

Image by YOONHEECHO from Pixabay
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PrimeXBT Full Review (New Interface 2021)

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PrimeXBT Full Review (New Interface 2021)

1. Unique platform in crypto industry – Intro

showing the website main page https://primexbt.com

showing the page with all available trading instruments – https://primexbt.com/leverage-trading-crypto-indices-forex

showing the About section with partners listed – https://primexbt.com/about

– PrimeXBT is an award-winning Bitcoin-based margin trading platform that offers access to over 50 assets, including crypto (Bitcoin, Ethereum, Litecoin, Ripple), forex, commodities (metals, oil, gas), and indices such as S&P500, DAX, NASDAQ, and much more, all from a single account.

You can also use your Bitcoin as margin collateral to trade all available assets.

As seen over the past few months, there has been plenty of opportunities to profit from trading.

I would like to review this platform and go through its main functions and features to make your experience of using it much easier.

– This platform is a must-have solution for those wishing to expand their portfolios beyond cryptocurrency trading.

It offers a range of products and features not seen on other cryptocurrency platforms, such as copy trading through the Covesting module and access to all available markets regardless of which currency you use to fund your account.

– PrimeXBT offers high leverage, going to 100:1 on cryptocurrency assets and as high as 1000:1 for traditional markets such as forex, indices, and commodities.

– More importantly, PrimeXBT respects user privacy and has strong controls in place for data protection. Add to that there is no KYC, and the risk of exposing your personal data is very low.

– The platform also has some solid partnerships in place, including Devexperts, a proven trading software developer. Covesting, which is a DLT licensed services provider. And Bitfurys, who deal with AML checks on Bitcoin transactions.

– Let’s have a closer look at the account section and the trading platform itself.

2. Platform overview

– Show around the main dashboard with wallets.

– You can now use multiple personal wallets and deposit various currencies such as USDT, ETH, USDC for safekeeping or trading purposes.

– Get detailed reports on all your transactions and trading activity in the Reports section.

– Follow Covesting strategies, explore your portfolio and open your strategy.

– There’s an address whitelisting feature here. This offers added security so that even if an account gets compromised, the funds are protected as withdrawals can only be executed to previously whitelisted addresses.

Show the 4-level referral system that allows users to build an income-generating network and profit from direct referrals and referrals of the referrals 4-levels deep.

– Go to the Margin section in the menu

1634038549 756 PrimeXBT Full Review New Interface 2021

3. Trading and markets

Open the Trade platform and show around the Watchlist with all instruments

– As you can see, a huge variety of trading instruments are available here (show the watchlist.) You have SP500, EUR/USD, and plenty of other currencies as well. Also oil, gold, silver, European indices, and much more.

– A diversified strategy can hedge your risk. Apart from Bitcoin and altcoins, exposure to indices, metals, commodities reduces your risk exposure.

Now, you can open multiple trading accounts and use additional currencies, including stable coins such as USDC, USDT for trading, and PnL settlements.

PrimeXBT operates differently from most other trading platforms in that it runs on STP rather than P2P.

STP stands for Straight-Through-Processing. This means that instead of matching users internally or with the market-making algorithm, PrimeXBT sends all orders out to its liquidity providers. This gives users more liquidity and less slippage compared to other platforms.

– For example, placing an order on a crude oil contract sends it automatically to our liquidity partners, including large brokerages and banks, for a match.

Once the market triggers the order, it gets executed on your account.

– This is advantageous because it allows users access to international markets with deep liquidity.

– The same goes for cryptocurrencies; multiple exchanges are connected as feed and liquidity providers to PrimeXBT. As a result, orders are matched internally as well as with external liquidity providers.

– Independence from internal matching guarantees that users will always have the necessary liquidity to execute orders with minimal spread.

3.1 Order types

Show how to place an order – open the order window in the platform. Click through different orders.

So let’s place an order.

– You can do it in different ways – you can either right-click on the chart or right-click on the instrument from the Watchlist and choose to BUY or SELL. Here you can choose a type of order.

– Most of you are familiar with Market, Stop and Limit orders.

– Additionally, there are OCO orders available on the platform. OCO – One Cancels the Other is an order type that allows you to place two orders. When one executes, the other gets canceled automatically.

Professional traders often use this to trade on the price breakout from the range. It’s useful when you’re unsure of the break direction but expect a significant price change.

– For convenience, an Order Window shows “Margin impact,” giving information on the amount of equity available to trade with. Remember, it’s not advisable to use more than 50% of your available margin. Otherwise, you risk getting margin called or liquidated.

3.2 Leverage

Another important thing to mention is leverage and how it works on PrimeXBT.

Other margin exchanges typically require you to set the leverage level (between 1 -100). But on PrimeXBT, the interface is much easier. Here, you control leverage by simply adjusting the position size.

For example, if you have a 1BTC on your account, you can open a 100BTC position at 100:1 leverage.

By opening this trade, you utilize the maximum possible margin of 100%.

In such cases, you will likely get a margin call or liquidated if the price goes against your trade.

Whereas opening a trade for 20 BTC, only 20% of the available margin is used. This gives more buffer to open additional trades or simply leaving a lot of room for the price to move.

It’s always recommended to have more than 50% of margin available to minimize liquidation risk, especially on highly volatile markets.

4. Fees

PrimeXBT offers low fees. You can find them here: https://primexbt.com/fees

Some exchanges offer 0.075 for takers while allowing rebates for makers. But  PrimeXBT is an STP broker and pays for execution at the liquidity provider.

This means they cannot offer market makers rebates. But, the trading fees are highly competitive at 0.05% on cryptocurrencies and even cheaper on other markets.

5. Turbo

(Go to Turbo section and open a few trades on the demo account)

– PrimeXBT constantly introduces new features and tools almost every quarter.

– A few months ago, they introduced the Turbo platform. This allows users to bet on the price action of multiple assets within very short time frames.

– You can earn up to 90% by predicting how the price will change in the next 30 seconds, 1 minute, or 5 minutes. Every asset has its payout ratio and contract durations.

– There’s a free 1 Bitcoin demo account, so users can practice trading without risking real funds.

– The platform provides a leader board with current most profitable traders on PrimeXBT Turbo.

– Please note that this product involves a high risk of capital loss. If your prediction is correct, you profit. However, if your prediction is wrong, you will lose the invested amount.

So I recommend trying this feature in the demo account first and building up smaller amounts on the real account until you get used to it.

6. Covesting

This module is provided by Covesting, a fully licensed DLT services provider. Covesting was one of the first to receive a DLT license in Gibraltar, along with Huobi, Etoro, and CEX.

Covesting allows traders to set up and manage trading strategies. It shows a pool of traders’ assets visible to the public and can be copied by others.

This provides an opportunity for both experienced and successful traders as well as beginners and followers to boost one another’s profit potential. After the platform upgrade, you can now create a strategy or follow traders using USDC, USDT, and other currencies.

1634038549 760 PrimeXBT Full Review New Interface 2021

7. Support and Reliability

Another important thing to mention is the platform’s reliability and support.

PrimeXBT has a strong support team with 24/7 live chat for an instant response. So, there’s no need to email and wait hours or days to get a reply.

Another thing is how PrimeXBT resolves any potential outage, downtime. In the past, when issues arose, PrimeXBT has always taken the responsibility to compensate users. (Check the Twitter history).

Things can happen as there are many moving parts to operate a trading platform, including reliance on third-party services outside of the company’s control.

The main thing is, does the platform use solve disputes fairly? We see from the social media accounts that PrimeXBT looks after its customers.

8. Finalize

PrimeXBT is different from most other crypto exchanges. For instance, it provides different execution with its STP liquidity providers model vs. P2P trading that most exchanges offer.

It also has a wide range of products and multiple markets under one roof.

Overall, it’s a competent and reliable platform that innovates with new products and strives to give customers a good deal.

It’s worth checking out, especially if you are bored with traditional crypto-crypto trading.

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Charlie Lee Sums Up Litecoin ‘s 10 Years History. Part Three: SegWit Intro

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Litecoin, an Antminer by Bitmain

The last time we checked with Litecoin, its creator Charlie Lee left Coinbase to focus on his own project. The mission at hand was implementing SegWit in the Litecoin blockchain, which is easier said than done. This story is as exciting as they come. It has twists and turns and it ends with a bang. Through the following tale, we’ll learn a lot about consensus. One of the most mysterious aspects of the cryptocurrency space is how decisions are made. Are you ready to learn through a practical example?

Related Reading | Charlie Lee Sums Up Litecoin’s 10 Years History. Part One: Fair Launch

But before we get into it, let’s let Mr. Lee himself define Segwit:

“SegWit stands for Segregated Witness. It’s basically an upgrade that would separate out the signature (i.e. witness) from the transaction.”

By extracting the signature, the transactions occupy less space. So, there’s more space in each block to add more transactions. SegWit effectively increases the block size limit of the blockchain.

That being said, let’s get back to Litecoin ’s 10-year history.

Why Did Charlie Lee Wanted Litecoin To Implement SegWit?

At the time, in the Bitcoin network, miners were blocking SegWit. “Basically the fear was that once SegWit is activated, miners can steal any coins sent to SegWit addresses. Anyone technical enough knows that this was not true.” So, Lee’s plan was to implement SegWit on Litecoin to show everyone that the upgrade was safe, and thus help clear up the FUD that surrounded it.

Bitcoin’s Testnet wasn’t helpful in this case because its coins are worthless, so it doesn’t provide an incentive for bad actors to attack it. So, it couldn’t “test out the game theory of the blockchain.” On Litecoin, on the other hand, there would be “incentives for people to attack it. If miners can steal millions from anyone-can-spend coins, they would.” Besides helping Bitcoin beat the FUD, Charlie Lee had other reasons to implement SegWit in his project.

“So you may wonder why I’m pushing for SegWit. Litecoin does not have a block size problem. That’s right, and SegWit is not just a block scaling solution. I would even say block scaling is just a side benefit of SegWit. The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin.”

LTC price chart for 10/12/2021 on Gemini | Source: BTC/USD on TradingView.com

The Foundation Of The Litecoin Foundation

A quick subsection, because this series is about Litecoin’s history. While the SegWit story evolved, Warren Togami stepped down as lead developer. Shaolin Fry joined the team specifically “to help us get SegWit activated on Litecoin.” Loshan and Thrasher also joined to help with the code. 

At the same time, they created The Litecoin Foundation with Xinxi Wang, Franklyn Richards, and Charlie Lee himself as Directors.

Enter The Bad Guy Of The Movie

It’s time for the Litecoin and SegWit story to meet that legendary period known as The Blocksize War. At the time, mining was a relatively centralized affair and Bitmain was the… main player. They produced the “most efficient ASICs” and miners were heavily incentivized to vote with them… or else. 

The co-founder of Bitamin, Jihan Wu,is a big supporter of scaling Bitcoin onchain,” Lee informs. That means, he was against SegWit and against The Lightning Network as scaling solutions. Jihan Wu was in the camp of simply forking Bitcoin to increase block sizes, a notion that the community ended up rejecting. However, at the time, Wu was singlehandedly stopping SegWit adoption in Bitcoin. And he had great influence over Litecoin too.

So, how could Charlie Lee and his band of misfits circumvent this huge obstacle blocking their way? “The difference between Bitcoin and Litecoin is me,” he said. “Bitcoin is more decentralized. There’s no one to come out to speak on what their vision of Bitcoin is.” Lee could and did promote his support of SegWit among the miners and try to seduce some of them to vote his way. “Anyways, this was what I set out to do. I met and talked to many miners throughout the end of 2016 to early 2017.” 

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

We know that his plan worked, but it was a lot harder than expected. Jihan Wu had the resources and influence to render his efforts obsolete, plus he had an ace up his sleeve. How did Charlie Lee proceed? How did he make SegWit on Litecoin happen and who stepped up to the plate to help him? Find all of that and more in tomorrow’s next and final episode of Litecoin ‘s 10-year history.

Featured Image by InstagramFOTOGRAFIN from Pixabay - Charts by TradingView

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Harnessing the power of Aurum’s Reward System with Pressure Vault

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Aurum

The limitless possibilities of the crypto world are one of the biggest lures of cryptocurrencies. Most DeFi projects allow users to stake one cryptocurrency in a liquidity pool to earn a different token with their interchain operability. However, only a few projects have mastered this concept, and Aurum is one of them.

Aurum is a DeFi project with an aim to set GOLD standards for reward tokenomics and BSC security. The project operates on the three principles, decentralization, robust security and unparalleled rewards to offer a seamless and rewarding experience to the users.

The great thing with Aurum is its ability to allow the $AUR token holders to choose their own automatically redistributed BEP-20 token reward. While the native reward token for holding $AUR is BNB, users can diversify their pools of investments by adding the contact address of any BEP-20 token of their preference. Users can choose from large-cap tokens such as ETH, Binance pegged BTC, ADA, LINK, DeFi tokens such as CAKE, BANANA or stablecoins such as USD.

Aurum Pressure Vault

Aurum Pressure Vault harnesses the power of Aurum’s rewards system to create ultimate buy pressure for any Binance Smart Chain Project. As previously explained, Aurum utilizes its Smart Contracts to automatically redistribute BNB or any preferred BEP-20 token to the holder’s wallet. This mechanism, however, automatically creates a buying pressure for the reward token which users select.

As the demand for the selected BEP-20 token increases, it creates a buy pressure in the market, which significantly boosts the price of the token and the popularity of the BSC project. This ability to create an upward buy pressure is the main purpose of Aurum Pressure Vault.

Moreover, Aurum ranks registered products who purchase and hold $AUR tokens on a weekly leaderboard. The top three projects on the leaderboard gain access to several benefits including,

  • Access to Aurum’s locked “Buy Pressure Wallets” to buy and burn the selected project’s tokens.
  • Pre-listing on Aurum Rewards dashboard to increase the ease of selection of the project’s token as an automatically redistributed reward.
  • Promotion of the top three projects using Aurum’s social media platforms.

Aurum is also working on adding the perks by developing Pressure Vault, such as the opportunity to feature on Aurum’s array of communication platforms (Twitter, Medium blog, Reddit, Discord and Telegram AMA Video Chats).

The Pressure Vault also brings more utility to $AUR holders as increased trading volume, exposure to several investment communities and more use cases of $AUR token. Aurum Pressure Vault is a useful tool for any BEP-20 project as it can kick start their project and create a buy pressure while increasing the demand of the token.

To learn more about Aurum Pressure Vault and other products, visit https://aurumofficial.net/.

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$Forint: The Token That Is Changing the Way We Buy Cryptocurrencies

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$forint

Forint Finance believes that Cryptocurrencies and Blockchain Technologies are the way of the future, and we want to make cryptocurrency adoption accessible to everyone, regardless of their socioeconomic background, financial means, or technical knowledge. It’s a platform that is open to onboarding everyone who’s even a tad bit interested in understanding how this seamless and beautiful technology works.

We are convinced that cryptocurrencies will lead to a more equitable financial system in which no one is left behind by the present banking system, and we are working hard to achieve this aim.

We will contribute to the transformation of the current inadequate and unfair financial system by taking care of the entire procedure from beginning to end (wallet creation to tax responsibilities).

With reduced barriers to entry and minimal resources, you can make the most out of it and educate yourself for the future of Finance.

Therefore, we have $FORINT as the native token of the FORINT ecosystem.

Comprehending the role of Tokenomics in the Forint environment is crucial to understanding the massive impact of this complex system: every transaction in the Forint environment will not just benefit holders via redistribution, but other purposes as well;

Redistribution

Once a week, 7% of all transactions are dispersed in BUSD (Binance USD) according to the number of Tokens owned among all holders. Holders will receive BUSD once a week for every purchase.

Developing

The team uses 2.9% of every transaction to further enhance the Forint Ecosystem.

Charity

Every transaction contributes 0.1% to charitable causes important to our community. Weekly, according to community norms, the fund is distributed to charities (NPOs and NGOs).

Wallet

You should keep 90% of your Wallet in order to profit from our ecosystem and be an early investment in our Platform.

Holders of Forint tokenomics gain from redistribution. Every step forward in the project’s progress will rely on this mechanism. Simply HODL!

Some important statistics to note about the $FORINT token are:

  • FORINT is currently trading at $0.00000256000.
  • $2425.442804203 24 hour trading volume
  • 1,000,000,000,000 in total supply
  • 11,575,669,000 in circulation

The $FORINT token will benefit you in the following ways:

  • $FORINT tokes will give you a discount on the NFT marketplace based on the number of tokens you hold. You can easily transact in the market and contribute to your favourite charities safely.
  • By purchasing Forint Token, you will join a small subset of Forint Finance’s early investors, as well as enjoy lower transaction fees across our whole platform.
  • Once this technology is being developed In the future, the $FORINT token can be withdrawn from FORINT ATMs just like Fiat currency, and this method will also be useful when users need to buy goods and services on the Forint Platform, or just wish to get their Forint tokens without going through too many intermediaries.

HODL to live that enriching FORINT experience!

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Hodooi Lists on AscendEX

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Hodooi Lists on AscendEX

AscendEX is excited to announce the Hodooi token (HOD) listing under the trading pair HOD/USDT on Oct. 7 at 1 p.m. UTC. In celebration of the listing, AscendEX and the HOD team will launch several limited-time promotional events, taking place between 1:00 a.m. on Oct. 12 and 1:00 a.m. UTC on Oct. 19, 2021, offering users a chance to share 30,000 USDT worth of HOD pooled rewards!   

HoDooi is a multi-chain digital content NFT platform where users can efficiently create, buy, sell, and resell digital content NFTs. A creator just needs to upload their digital content, select a blockchain network, and choose the settings of the NFT, to mint the NFT and create the auction listing.   

Founded in 2021, HoDooi.com has been carefully designed and engineered to allow its users to create, buy, and sell NFTs in a decentralized, permissionless environment utilizing the Binance Smart Chain. The HoDooi platform is not limited to a single blockchain. Their aim is to create a multi-chain platform that will incorporate the Ethereum blockchain and other NFT blockchains as the platform grows. Cross-chain compatibility will be an important differentiator for Hodooi in the NFT space. 

Their network is supported by the HOD token, the native cryptocurrency of the platform. HOD can be used for payments, participation in the platform’s tiered membership program, access to exclusive NFTs, and decentralized governance of the protocol.  

In the near future, HoDooi plans to partner with businesses to form a path towards creating NFTs that represent physical items of value with an existing ecosystem around them, for example, collectible artworks or real estate. Tokenizing physical objects gives users more options to diversify their portfolio, and owners more potential liquidity when they need it.   

HoDooi takes a user-first approach to platform development. Users will be able to provide their input on how the platform develops from a product design perspective.

Hodooi was founded by a team of individuals with experience across blockchain, business development, and e-commerce. HoDooi’s mission is to push forward the mass adoption of blockchain technology and NFTs with their product offering.  

About AscendEX 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.

AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Hodooi

HoDooi is a multi-chain digital content NFT platform where users can create, buy, sell and resell digital content NFTs easily. A creator just needs to upload their digital content such as an image, select a blockchain network to use, and select the settings of the NFT, to mint the NFT and create an auction listing.  

For more information and updates, please visit:

Website: https://www.hodooi.com    

Twitter: https://twitter.com/hodooicom     

Telegram: https://t.me/hodooi 

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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