Uncategorized Archive

Bitcoin Press Release: Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new Scandinavian exchange CPH Crypto.  

16th December 2020, Copenhagen, Denmark – Every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit. 

Lack of competition and transparency prevents traders to profit. The problem is simple: Up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.  

The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.  

Immediate Disruption of Fee Structures 

“Eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,” says CEO Jan Andersen, CPH Crypto, and continues: 

“Our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH Crypto has decided to drive down the fees immediately.” 

Watch out for Hidden Fees 

To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.  

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.  

Extreme Price Differences up to 1,249% 

In order to prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples. Four major platforms are Binance, Kraken, Coinbase Pro and eToro, and the examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:  

By 1,000 USD Per Month  

• Cheapest platform: CPH Crypto with fees in total: 0.6 USD 
• Most expensive platform: Coinbase Pro with fees in total: 5.0 USD 
• Difference 4.4 USD / 733% 

By 10,000 USD Per Month 

• Cheapest platform: CPH Crypto with fees in total: 6 USD 
• Most expensive platform: eToro with fees in total: 37.5 USD 
• Difference: 31.5 USD / 525% 

By 200,000 USD Per Month

• Cheapest platform: CPH Crypto with fees in total: 79 USD 
• Most expensive platform: eToro with fees in total: 750 USD 
• Difference: 671 USD / 849% 

By 500,000 USD Per Month

• Cheapest platform: CPH Crypto with fees in total: 139 USD 
• Most expensive platform: eToro with fees in total: 1,875 USD 
• Difference 1,736 USD / 1,249% 

(Numbers collected in Q2, 2020. Please see this page for more information)

“All-in-one” Fixed Fee. Unlimited Trading for 39 USD/Month 

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. per transaction for single trading.   

To learn more, visit the CPH Crypto website: https://cphcrypto.com/

Media Contact Details

Contact Name: Jan Andersen

Contact Number: +45 4060 3239

Contact Email: jan@cphcrypto.com

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

The post Dominant Trading Platforms Charge Traders up to 13 Times more than CPH Crypto appeared first on NullTX.

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BitFuFu will launch the world’s first HashRate-standardized mining platform on 15th of December 2020, representing a huge evolution in the industry.  

15th December 2020, New York, NY – BitFuFu, the first HashRate-standardized mining platform in the world will provide users with HashRate-standardized cloud mining product services, and enable users to buy BTC with one-click ordering. 

Through Chaos Comes Order

Today the cloud mining industry is piled up with service providers, and a huge variety of platforms. Pricing of HashRate contracts varies from platform to platform, and users are plagued by multiple variables. 

Although somewhat developed over the last several years, the industry is still unable to provide direct service for the user’s core demand – “mining out”. The industry is in urgent need of standardization of mining output, transparent measurement, but the current “standardization” only lies in the “draft”, or “slogan”

Standardization – A Must for Commodity Trading 

For users, commodity standardization avoids cluttered conditions and multiple variable factors and only requires attention to commodity price changes. Commodity standardization enhances the transparency of commodity prices, creates industry standards, reduces information asymmetry between trading parties, and increases industry openness. Similarly, the standardization of HashRate as an abstract digital commodity after the creation of Bitcoin is the way to go for better circulation in the future.  

Standardization of HashRate: A Mining Industry Breakthrough

Right now the core inspection index of mining machine output, (energy consumption, or J/T) is the only indicator of product standardization. However the energy efficiency ratio (J/T) of each brand and model of mining machine currently on the market all vary. 

BitFuFu is the first concept of standardization of mining HashRate, with multiple models of mining series equipment proportioned into a unified standard power consumption (energy efficiency ratio) BitFuFu’s different models are made with similar energy efficiency ratios through its efficient HashRate allocation center, to become standardized products with 30, 40 and 50 power consumption series of HashRate. 

This allows users to focus solely on the energy efficiency ratio of each series to trade, rather than multiple factors. BitFuFu standardized products of HashRate will represent an effective breakthrough for the mining industry. 

Users will be able to intuitively make calculations and selections for mining output. This will bring more efficient trading and liquidity of HashRate products will promote the healthy development of the industry, and all involved in it. 

Cloud Mining Capabilities

The BitFuFu platform also has all the generic advantages of a cloud computing platform, including:

• Transparency of mining output. 
• The experience of the industry’s most top mining pools output directly to the user’s wallet, with real mining.

• Flexibility of HashRate selection 

• A choice of packages with a minimum of 10T of the strongest computing power in different series
• Ultra-low thresholds; Security of purchase and lease 
• Use of equipment from leading mining machine manufacturers

BitFuFu Launch With 50BTC Discount Package

The platform will be launched to promote the 30/40/50 series mining products, covering star mining machines such as S19pro, S19 and M30S in the market. Preferential activities include: 

• Free mining, start with one click  
• All registered users can receive a free “$ yuan for 10T” product, and experience the BitFuFu platform’s standardized product with real mining power with just $2. 
• 50% discount on the 50 series 20T*3 days package. 

Additionally the most significant discount on the “30 series” products include Ant Mining Machine S19Pro model, S19 model and other mining machine models will be made on the day of platform launch, so stay tuned.

Join The Community to Enjoy Greater Discounts 

Interested parties can join the official BitFuFu global community now to take advantage of a special offer on 40 series HashRate products. Everyone can be a miner, and make money by inviting others to BitFuFu for rewards. The maximum reward for inviting friends is 5% and there is no upper limit for a single reward. 

Learn more about BitFuFu – http://www.bitfufu.com

Follow BitFuFu on Twitter  – https://twitter.com/BitFuFu1

Media Contact Details

Contact Name: Doris Yu

Contact Email: contact@BitFuFu.com

BitFuFu is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post The World’s First HashRate-standardized Mining Platform BitFuFu Launches on December 15th, 2020 appeared first on NullTX.

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Bitcoin Press Release: Elrond Network has set the global launch date for the digital wallet and global payments app Maiar to be on 31 January 2021.

4th December 2020, St Julian’s, Malta – Maiar, the digital wallet app for iOS and Android devices, provides financial services such as payments, investments, and passive earning. The application does not require any subscription or paperwork, does not collect any personal information, and uses Elrond’s high throughput and inexpensive blockchain technology to provide near-instant transfers all over the world.

Maiar stands out from other blockchain-based wallets, which require writing down complex 24 words passwords, and other un-intuitive sign-up procedures, that are unappealing for non-technical users and dissuade newcomers.

By contrast, Maiar creates a unique and secure account on the Elrond blockchain using a cryptographic hash of the user’s phone number, without the phone number leaving the device. At the end of a few seconds, the user has a usable blockchain wallet for sending and receiving money using their phone address book.

Through gamification and progressive security, the user is further encouraged to strengthen security, add a pin, biometric authentication, and encrypted backups. Maiar will also implement social recovery, allowing users to restore their wallets on a new device using their trusted contacts.

Maiar thus becomes the decentralized version of popular apps such as PayPal, Venmo, Revolut, and Google Pay, offering the same features but without collecting any personal information, and charging negligible fixed fees instead of a percentage of the transacted value.

The first killer app running on Elrond is the spearhead of the network’s accelerated expansion. Touting the first fully sharded blockchain architecture that can operate at internet scale, Elrond thus positions itself for accelerated user acquisition at the height of what is expected to be the most impressive bull market since 2017.

To find out more, visit the Elrond website at www.elrond.com

Join Elrond on Telegram: https://t.me/ElrondNetwork

Keep up with Elrond on Twitter: https://twitter.com/elrondnetwork

Media Contact Details

Contact Name: Lucian Todea 

Contact Email: lucian.todea@elrond.com

Elrond is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

The post Elrond Announces Wallet and Global Payments App Launch on 31st January 2021 appeared first on NullTX.

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3rd December 2020, Limassol, Cyprus – Gambling has been on the rise over the years, with many more people participating every day. While it started with physical casinos, it has evolved into online cryptocurrency casinos. These online casinos are becoming more popular than their physical counterparts, for a number of reasons. The following are five of the reasons why this trend is growing rapidly.

Privacy 

To enter land-based casinos is to make personal data vulnerable: you have to share sensitive information such as your name, age, ID documents, banking information, and sometimes even your passport depending on where you are playing.

But you won’t need it all to play in crypto casinos because cryptocurrencies are based on decentralized public blockchains that make transactions fully anonymous.

While this started with Bitcoin, there are now many other cryptocurrencies that are created with privacy in mind. These are known as privacy coins, and some of them are now used for gambling, further safeguarding the privacy of users of these platforms. This is likely to attract more people as time goes on.

Lots of Bonuses Available on Crypto Casinos

Bonuses are part of casinos, including physical ones. However, crypto casinos give more bonuses to its users by far. There are millions of people across the world who are curious about the cryptocurrency industry, but they are afraid to use their money to buy crypto. By gambling online, they stand a good chance of winning some significant cryptocurrency bonuses that could help them build their crypto portfolios fast. 

No Restrictions on Participation

Physical locations are a major hindrance when it comes to gambling. This is why it is worth mentioning that crypto casinos allow anyone and everyone from any part of the world to participate without any geographical restrictions. There are even online casinos that restrict players from certain parts of the world from using their platforms, but this is not the case with crypto casinos. This, of course, gives this category of casinos an edge over the others and is one of the reasons that they are getting rapidly popular.

Crypto Casinos Are Safe and Secure 

The government all over the world is always trying to participate in the activities of citizens. This is the case with brick and mortar casinos and some of the regulated online casinos. With cryptocurrency casinos, however, users are completely safe due to the fact that they are fully anonymous. This makes it impossible to track their activities, and so they can safely carry out their transactions without any form of interference from the government or regulators.

Security is also a major issue for gamblers when they carry physical cash or other rewards. With crypto casinos, rewards are withdrawn directly to users’ personal wallets with no middleman whatsoever. This makes it impossible for anyone to attack you or steal from you, as is the case with physical casinos. It also keeps you safe, as your payment details, such as credit card number, cannot be traced back to you.

Everyone Wants a Piece of Crypto

Cryptocurrencies have come a long way from highly controversial assets to much sort after digital currency. Corporate mainstream organizations have recently been trooping to Bitcoin as an investment. It is for this same reason that Bitcoin casinos are becoming more popular. Many people now consider cryptocurrencies as superior to fiat currencies, such as the U.S Dollar, and they want a piece of it. Therefore, many gamblers are rushing to these crypto casinos in order to win rewards in cryptocurrencies, and this trend is not likely to slow down soon.

There has never been a better time for crypto casinos to shine, and leading crypto casino 1xBit is one of the best examples. All the advantages of crypto casinos enumerated above can be enjoyed on this platform and more. New users can get up to 7 BTC sign up bonus for the first 4 deposits, and there are more than 25 cryptocurrencies available to choose from.

The platform is completely anonymous, as the simple registration process does not require any personal details. Players can also easily withdraw their rewards to their personal wallets without paying any fees. 

Conclusion 

If you have been contemplating on whether or not to use crypto casinos, it may be the best decision you ever made at this time to do so. If you sign up on 1xBit, you will enjoy the many benefits of using cryptocurrency casinos instead of regular online casinos or physical ones.

For more information about 1xBit, please visit – https://1xbit.com/

Check out the official 1xBit blog for the latest articles – https://1xbit.com/blog/

Media Contact Details

Contact name: Anastasia Semenova

Email: marketing@1x-bit.com

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post 5 Reasons Why Crypto Casinos are Becoming More Popular appeared first on NullTX.

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Bitcoin Press Release: ILCOIN has coordinated with SYDYG to develop the first ever Blockchain VR gaming experience, called Age of ILCOIN. The game went live on Steam on the 2nd of November, 2020.  

2nd, November 2020, Dubai UAE – In an industry first, VR gaming has been combined with blockchain technology for the new stream crossover game, Age of ILCOIN. 

Virtual reality games are a rapidly expanding market, expected to hit $1B in revenues by the end of 2020. Powered by the Oculus device, these types of VR games are expected to double their revenues by 2024. 

VR Gaming Industry 

VR gaming is part of a larger trend, in which revenues for gaming reach $139 billion annually, growing by up to 9.7% year-on-year. Growth projections for this market have been estimated at $200B in annual revenues by 2022. 

CEO at SYDYG, Ramiro Faro Vélez had this to say about cryptocurrency and the gaming industry:

“Games are more than just fun for us. We have quite a few developments. The game provides a unique possibility for us to enter a market which we think holds great opportunity. The gaming industry is a market already worth several billions of dollars in which an effectively working blockchain technology could achieve great results since the gamers pay countless times for new experiences during the games. Why not make these transactions in cryptocurrency?” 

Age of ILCOIN

Age of ILCOIN offers players an absorbing VR experience, and blockchain-enabled game economics. The game, (which is ready for the Oculus sport) drew in work from several teams and companies, and will be announced for the Oculus app store very soon. When it does, it will be the first blockchain-powered game on Steam, adding another dimension to in-game purchases.

The game was developed under SYDYG as a project leader and owner of ILCOIN, SPECTER, FOCKAGAMES, NEON SAVAGE and the in-house ILCOIN Development Team.

Potential Console Release

The team behind Age of ILCOIN are also in advanced stage negotiations for a console release. The game’s storyline, characters and graphics emerged in collaboration with the ILCOIN core developers. In coordination with SYDYG and other creators, the blockchain team also included transaction functionalities. 

About ILCOIN

ILCOIN is a digital asset launched in early 2015, and traded on multiple exchanges. The coin has a maximal supply of about 2.5 billion, and just around a third in circulation. 

Download Age of ILCOIN today on Steam – ‎https://store.steampowered.com/app/1474000/Age_of_ilcoin_VR__Retribution/

Media Contact Details

Contact name: SYDYG

Contact Email: business@ilconblockchainproject.com

ILCOIN is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post ILCOIN Launches Industry First Blockchain VR Game on Steam appeared first on NullTX.

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Bitcoin was born more than 10 years ago. And one of the main ones I wanted to introduce in the financial system is the privacy and anonymity of the users. As there are not enough services to live entirely with Bitcoin, the exchanges emerged. Exchanges are very useful, but they break with one of the principles that Bitcoin was looking for, since they force us to identify ourselves. That’s why today we want to talk of the unique proposal that Flyp.me has.

What is Flyp.me?

Flyp.me is an exchange that gives you the possibility to exchange between many pairs of cryptos, but without the need for records and preserving our anonymity. In other words, it’s a system that arrived long before there was any talk of DeFi.

Actually Flyp.me was one of the first exchanges to appear on the market, it is developed by the HolyTransaction team, who have been on the market since before 2014 with their web wallet. From
We found references analyzing the exchange over the years as shown in this 2017 review.

Key feature of Flyp.me

Flyp.me is designed to be anonymous, simple and to operate without registration. When you want to switch between crypto currencies, all you have to do is indicate your
and the destination currency, and the system will show you the current exchange rate (which will be locked for the next 15 minutes).

Suppose you have BTC and you want to change it to ETH. You go to
Flyp.me and you put that your currency of origin the BTC and the one of destination is ETH. In addition, you put how many BTC
you want to change. The system will ask you for the ETH address where you want the coins sent when the change occurs, and will assign you a Bitcoin address to which you must send the
amount you have selected.

When the amount you send reaches that address, it is put in
march the shipment to your ETH address. And that’s the whole process.

Nowhere are you asked for personal data and you don’t have to register. Anonymity and privacy in its purest form.

What cryptomonies can be exchanged?

Flyp.me is always in constant evolution adding more cryptomonies, like Monero does sometime or the most recent Paxos stablecoin.
In total we have right now 37 crypt coins, among which we have the most important ones: Bitcoin, Ethereum, Litecoin, Dash, Dogecoin or Monero. You can change any pair imaginable between
these 37 crypt coins, which gives us thousands of possible change combinations.

The FYP token

Flyp.me was one of the pioneer exchanges in sharing its benefits with its users, as well as allow users to participate in the exchange’s decision making. The FYP token is what is now called a governance token.

Characteristics of the token:
Name: Flyp.me token
Symbol: FYP
Technology: ERC-20 token on Ethereum network
Total amount: 35.277.362
Free-float in circulation: total

The key to the token is that the company allocates 50% of the income from commissions generated to distribute benefits among the token holders. This means that if we acquire FYP tokens we are
being shareholders of the exchange without any bureaucratic risk and with total security and anonymity. There is no
more than buying and accumulating.

Passive income is generated, without taking into account the possible revaluation of the token, which would be
even higher profits. In addition, by owning the token we have the right to vote on relevant company decisions, such as
for example when adding a new crypto-currency or incorporating new functionality.

Interested in participating?

If you want to join the 992 shareholders that the company already has, the best thing you can do is go to their website, review the operation, and if you like and want to invest, you can buy their
token -how is logical- in its own exchange.

Conclusion

If you are looking for an attractive investment that will generate recurring profits and passive income at the same
while betting on a possible revaluation… Flyp.me with its FYP token is the first option you should analyze.

Official links

• Web: https://flyp.me/en/#/
• Twitter: https://twitter.com/flyp_me
• Facebook: https://www.facebook.com/flypme
• Telegram: https://t.me/flypme

The post Flyp.me, a unique proposal for privacy appeared first on NullTX.

Source: null tx

19th November 2020, Limassol, Cyprus – Introducing MAGNIFICENT SEVEN, the latest 1xBit Casino slot tournament that whisks players away to a Wild West adventure where they can win an attractive prize fund of 500mBTC and more than 1500 free spins. The slot game takes players deep into the world of the wild west plains with cozy towns of lively characters. 

Tournament Prizes

In this tournament, players can take on competitors to win irresistible prizes. The tournament has an ace in the hole, giving players a good chance of winning from a valuable prize pool. The prize fund will be distributed as follows:

• 1st place – 250 mBTC;
• 2nd place – 100 mBTC;
• 3rd place – 50 mBTC;
• 4-6th places – 20 mBTC;
• 7-10th places – 10 mBTC;
• 11-20th places – 100 free spins in CRAZY STARTER;
• 21-30th places – 50 free spins in WEST TOWN.

MAGNIFICENT SEVEN

Based on the 1960 film The Magnificent Seven (or 2016 remake) the slot game portrays the adventures of 7 Wild West brave cowboys who set out as bounty hunters to hunt down a man that had taken a town. 

To take part, participants must play slots from Spinomenal, Betsoft, Booongo, ELK, Endorphina, iSoftBet, and Pragmatic Play. These top slot game providers have released some of the best slot games out there, including John Hunter, Nights of Egypt, Aztec Gold Megaways and many others. The exciting new tournament starts on November 19th and lasts till December 21st, brought to you by 1xBit Casino.  

1xit Casino Sign-up Bonus

1xBit is the one-stop destination for online casinos. It has been at the forefront of the industry for years, and with its many incentives, it is no surprise at all. Users of the platform are given huge benefits not found on any other platform like it. For instance, 1xBit gives a welcome bonus up to 7 BTC to its new users for the first four deposits made. Moreover, the platform is very flexible, with over 25 cryptocurrencies for players to choose from. This allows players to use their favorite cryptocurrencies for gambling.

Slots And Security

The crypto casino has more than 5,000 slots from 100+ game providers to ensure that users never run out of options on what to play. There are also live dealers, which makes the fun and rewards endless. At the same time, players don’t have to worry about their privacy, as the platform is fully anonymous with no player private information at risk, making gambling on the online casino safer than ever before.

The tournament holds great rewards for the players who are brave enough to participate. Win great rewards today by signing up on 1xBit and joining the bounty for the prizes that await you. Also, enjoy the benefits of playing on 1xBit with countless bonuses and incentives today. Remember, you can win more by taking part in the tournament! Like they say in the Wild West: “If it seems worth the effort, it probably is.”

For more information about 1xBit, please visit – https://1xbit.com/

Check out the official 1xBit blog for the latest articles – https://1xbit.com/blog/

Media Contact Details

Contact name: Anastasia Semenova

Email: marketing@1x-bit.com

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post 1xBit Introduces New Casino Slot Tournament MAGNIFICENT SEVEN appeared first on NullTX.

Source: null tx

16th November 2020 – Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually improving liquidity. However, there’s a parallel world being built in the form of trustless protocols. Decentralized exchanges (DEX) require no middlemen or custodians to facilitate trading.

Due to the inherent limitations of blockchain technology, it has been a challenge to build DEXes that meaningfully compete with their centralized counterparts. Most DEXes could improve both in terms of performance and user experience.

Many developers have been thinking about new ways to build a decentralized exchange. As a result of this innovation, MoonDeFi has been created as a project that’s part of the Decentralized Finance (DeFi) movement.

How does MoonDeFi Work?

Basically, MoonDeFi has two main elements: Swap and Staking (Farming). And when users participate in any of the above activities, they will receive a certain profit.

Now, let’s take a closer look.

What is the MoonDeFi Protocol?

MoonDeFi is a protocol on Ethereum for swapping ERC20 tokens. Traditionally, token swaps require buyers and sellers to create liquidity; MoonDeFi creates markets automatically. Unlike most exchanges that charge fees, MoonDeFi was designed with a very low fee structure without any fees.

MoonDeFi solves the liquidity problem by allowing automatic token swaps, but unlike modern centralized exchanges, it is a decentralized exchange, there is no middleman at all, and neither side is called an intermediary.

Traders can exchange Ethereum tokens on MoonDeFi without having to trust anyone with their money. Anyone can lend their cryptocurrencies to the liquidity pool and collect a fee. This is done by an equation that automatically determines and balances the value based on actual demand. This is one of the first fully decentralized protocols for automated liquidity provision in DeFi

How MoonDeFi’s Protocol Works

MoonDeFi is an automatic liquidity marketplace, so, there is no order book or central party required for the transaction, and MoonDeFi allows users to act as a one-stop-shop for any type of exchange, be it a token exchange or a trading platform.

To enable trading without an order book, MoonDeFi has developed a model called the liquidity pool, which is created by liquidity providers. Anyone with an Ethereum address can contribute to the liquidity of exchange and make money from it. It allows users to exchange ERC20 tokens, including the native ETH token, without intermediaries.

There is one important thing that users should keep in mind: they can seamlessly switch between ERC-20 tokens without the need for an order book. As the MoonDeFi Protocol is decentralized, the listing process is fully decentralized and there is no liquidity pool available for traders. 

How to Swap Tokens on MoonDeFi

Let’s say somebody hasn’t used Moon Protocol before, so there is one question here: how can they swap tokens on it? The answer is also a special part of Moon. MoonDeFi’s main distinction from other decentralized exchanges is the use of a pricing mechanism called the “Constant Product Market Maker Model.” 

Any token can be added to Moon by funding it with an equivalent value of ETH and the ERC20 token being traded. For example, if a user wanted to make an exchange for an altcoin called Token A, they would launch a new Moon smart contract for Token A and create a liquidity pool with, for example, $10 worth of Token A and $10 worth of ETH. Now, the user is a Liquidity provider.

Once a token has its own exchange smart contract and liquidity pool, anyone can trade the token or contribute to the liquidity pool while earning a liquidity provider fee of 0.3%. Ok, that’s the way a Liquidity Provider can earn profit from Swap. 

Staking/Farming on MoonDeFi

The innovative Defi platform MoonDeFi has recently made liquidity mining available to users. After the Liquidity Providers contribute their coins to the pool, they will receive LP tokens. Liquidity Providers can use those tokens to participate in the Staking Program with a high profit rate. The reward will be distributed among users who deposit funds to the liquidity pool and join this program. Besides, Staking program is also applied for holders of other tokens. 

MoonDeFi automatically searches for the latest and most efficient DeFi platforms. It then optimizes productivity with the latest algorithms that can find highly profitable, at the same time very affordable groups for the user. Users then benefit at a steady rate of interest through farming.

At MoonDeFi, when users stake a coin/token, they will receive an interest of 30-40% a year, but when users become a liquidity provider and stake their LP tokens, the interest can go up to 45%, a number that is truly different from those of other platforms.

Among the tokens users can stake, MOON, the native token of the MoonDeFi platform itself, is the one with the highest interest rates. It is only issued in a certain small number of 210 million tokens.

So, in summary, MoonDeFi is a more complete version of other DeFi platforms, with  the transaction fee earnings of 0.3% of trading for Liquidity Providers and the staking interest up to 45% annually. 

An Announcement from the MoonDeFi Team

Currently, bounty and marketing programs are being launched, the total reward is up to 10 million MOON, equivalent to 10 million USDT. All interested parties need to do is to write blog content or make videos about the project, with each individual reward being up to 150 MOON (~150 USDT). 

For more detailed information on these two programs, please visit this link.

Twitter: @moondefi_info

Telegram channel: t.me/moondefiofficial

Telegram group: https://t.me/moondefiofficialgroup

Medium: @moondefigroup

Reddit: @moondefi

Media Contact Details

Contact Name: MoonDeFi Support

Contact Email: support@moondefi.org

MoonDeFi Contract & Token Addresses

Contract: 0x765b2d50dE69219A418383F79a4973568d537F90

Token: 0x71924a8d733ae1bbc18d243e1deb56e767440eb6

The post Introducing MoonDeFi, a New Part of Decentralized Finance appeared first on NullTX.

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11th November 2020, Limassol, Cyprus – Leading crypto casino 1xBit is launching an exciting new live casino tournament based on the famous board game, Monopoly. Much like traditional Monopoly the game involves multiple players who take turns at rolling two six-sided dice to move around the game buying and developing properties, earning money in the process.

Staying Sharp

Already one of the most enjoyable and widely played board games in the world, Monopoly (and board games in general) have also been linked to other health benefits. According to a study by psychologists at the University of Edinburgh people who play games (such as cards and board games) are more likely to stay mentally sharp in later life. Those who regularly played non-digital games scored better on memory and thinking tests, reducing stress, and more.

Big Prize Monopoly Tournament

This November, Evolution Gaming and Live Casino Vivo Gaming invite fans of the game to compete in the captivating atmosphere of the board game Monopoly, and be in the running to win a prize pool of 1BTC ($15,400 at the time of writing). The prize will be shared among 10 places, with the first getting half of the pool (0.5 BTC or 500mBTC). 

1xBit is a highly reputable betting site that has combined both competitiveness and a friendly vibe in this new live casino tournament, CRYPTOMONOPOLY. 

7BTC Welcome bonus

New users who have just signed up usually receive a Welcome Bonus, also known as a sign-up bonus. 1xBit rewards users who register on the platform with a welcome bonus of up to 7 BTС for their first four deposits. New players can claim a 100% bonus up to 1 BTC for their 1st deposit, a 50% bonus up to 1 BTC for their 2nd deposit, a 100% bonus up to 2 BTC for their 3rd deposit, and a 50% bonus up to 3 BTC for their 4th deposit.

Why Choose 1xBit?

There are now more than 25 cryptocurrencies available on the platform for you to choose from and use to bet. 1xBit is also fully anonymous, so players don’t have to worry about their data getting out there. The company understands the importance of privacy on the internet, so it has streamlined the sign-up process and does not ask anyone to compromise their privacy.

There is also a cashback of 11% for VIP players who want that little bit extra, and in excess of 200 available games, including Live Baccarat, Live Blackjack, Live Jackpot, Live Poker, Live Roulette, Live Sicbo, Live Monopoly, Live Over/Under, Live Deal or no deal, and Live Dice.

Tournament Details

The unique CRYPTOMONOPOLY competition will start on November 11, 2020, at 00:00 GMT and lasts till December 6, 2020, at 23:59 GMT. All fans of gambling can participate in this tournament to win from the prize pool, in addition to having the fun experience of playing their favorite board game live online.

To participate in the exciting upcoming CRYPTOMONOPOLY tournament, sign-up and get all the benefits from 1xBit, as well as stand a chance to win from the tournament prize pool.

For more information about 1xBit, please visit – https://1xbit.com/

Check out the official 1xBit blog for the latest articles – https://1xbit.com/blog/

Media Contact Details

Contact name: Anastasia Semenova

Email: marketing@1x-bit.com

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post 1xBit Announces New Live Casino Game CRYPTOMONOPOLY With 1BTC Prize Pool appeared first on NullTX.

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Singapore, Singapore, 9th November, 2020, // ChainWire //

Swingby is the “warp-speed” protocol for inter-blockchain swaps. It allows all DeFi users to move assets between blockchains without a trusted party.

Today, Swingby announces its first mainnet network will be released on the 28th of December; it will bridge native Bitcoins onto Ethereum via Wrapped BTC (WBTC).

The initial bridge will enable the most liquid digital asset in the world (Bitcoin), currently valued at a $300 billion market cap, to be moved onto the Ethereum network to tap its $10b DeFi ecosystem.

“This launch will be pivotal to Swingby. After December 28th, Swingby will have a fully operational Chaos-Mainnet network which will be generating a tremendous amount of value to the world of DeFi and bringing in a large number of new users” – Yusaku Senga, CEO

Why is this big news for DeFi?

On December 28th, Swingby will be launching its first Chaos-Mainnet bridge, allowing users to easily move their bitcoins into WBTC on Ethereum without the need for a trusted party. Similarly, the bridge can be used in the opposite direction allowing WBTC-ERC20 tokens to be moved back into native BTCs.

What’s so special about it?

1. Trustless: Swingby’s Skybridge will be the only way to trustlessly swap BTC into wrapped Bitcoin (WBTC).
2. Simple to use: The Swingby bridge has been designed to work with standard transaction types removing the need for complex smart contract calls and allowing the bridge to work with any wallet.
3. Community rewards: Users willing to provide liquidity and governance to the Swingby bridge will be rewarded a share of the fees for each swap processed.

Discover the three core use cases of the Bitcoin to Ethereum bridge.

More news is coming!

Leading up to launch on December 28th, the team will be announcing some key partnerships with projects that have helped deliver the Chaos-Mainnet bridge and some additional venues that will be providing liquidity to the SWINGBY token.

To help spread awareness of this event, which will change Swingby forever, the team will be hosting a series of Q&As and giveaways for our superhero community.

About Swingby

Swingby Labs was launched in Singapore in 2018 by a group of crypto enthusiasts joining forces to make the tools to connect Bitcoin with other blockchains.

Swingby’s protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain and other blockchains secured by a network of node groups that execute fast token swaps using ‘multi-party computing’ and layer 2 technology.

Skybridge allows users to move Bitcoin tokens between the Bitcoin, Ethereum and Binance Chain blockchains without relying on a central custodian, opening up a whole world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX.

Swingby plans to launch its Ethereum MainNet on december 28th, bringing Bitcoin to an ecosystem which already has $10b in capital locked up in DeFi contracts. Building on exciting partnerships with projects such as Elrond, Waves and Kira Protocol, Swingby aims to expand its reach to other chains and projects, adding support where the most value can be added.

The Skybridge testnet bridge has transacted over $14 Billion in testnet BTC capital between the Bitcoin and Binance Chain blockchains, and its decentralized technology has been fully battle tested in live high volume environments.

 

Contacts

Chief Executive Officer

• Jacob Plaster
• Swingby
• jacob@swingby.network

The post Ready for Chaos? Swingby’s Chaos-Mainnet Launches on December 28th appeared first on NullTX.

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