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Bitcoin Press Release: Decentralized cloud data storage platform SINOVATE launch groundbreaking new solution, Deterministic Infinity Nodes. 

 

4th December 2020, Turkey – Decentralized cloud data storage platform SINOVATE is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN). The potentially groundbreaking new tech works in unison with Incorruptible Data Storage (IDS) to create a new consensus system with security levels never seen before. 

 

Market Growth & Unsustainable Solutions

The data storage industry is Projected to exceed $80 Billion USD in the next 4 years as a result of the rise of mobile devices, the app market, and growth across Blockchain IoT, AI, and e-commerce. The market is split between Mainstream providers (Amazon, Microsoft) and the new, more technically secure blockchain-backed (Storj, Filecoin) dCloud alternatives. 

 

Mainstream cloud data providers are struggling with consistent data breaches, exposing a whole range of sensitive information (logins, passwords, IP addresses), while some blockchain alternatives face problems with token inflation. 

 

What is SINOVATE?

SINOVATE is a (SIN) decentralized cloud data storage platform that offer a potential solution to 

these ongoing problems. Its unique decentralized data storage network is backed by Deterministic Infinity Nodes (DIN) which interact seamlessly with Incorruptible Data Storage (IDS), through a novel protocol called bFTP (blockchain-based File Transfer Protocol). 

 

Masternodes Vs Infinity Nodes

Masternode networks support many other dCloud projects but most still suffer from issues with inflation. Although the (initial) high rate of return for masternodes projects is attractive to investors, this leads to inflation, reducing the incentive for a user to continue to maintain a node as the token falls over time, negatively affecting the network. 

 

SINOVATE’S Deterministic Infinity Nodes reduce inflation and promote network growth through its Infinity Nodes. Infinity Nodes use a unique Proof of Burn (PoB) feature, burning a specific amount of SIN across the 12 month node lifespan. This counters inflation by reducing the amount of SIN in circulation, and creates a new proof of transaction type called BurnTx. 

 

Legacy masternode-based networks are susceptible to vulnerabilities and attacks which can result in reward stealing and node instability. Infinity nodes solve the new deterministic algorithm: lock/reward and PoB to bring provably fair deterministic rewards, with bulletproof stability, and network stability. 

 

DIN 1.0 Hard Fork

On the 21st of November 2020, SINOVATE concluded a hard fork bringing online its innovative Deterministic Infinity Nodes (DIN) 1.0, at block 550,000. The network will consist of more than 1,800 DIN that will bring more data storage capacity to the network. There are already over 1,400 nodes running on the network with expectations of 5,000 nodes in 2021. 

 

DIN uses a deterministic score system based on Schnorr Signature to retrieve that data from IDS. bFTP allows the user to easily re-authenticate to any of the nodes that hold a copy of the stored data using the deterministic “score” algorithm. 

 

Incorruptible Data Storage

IDS is being developed carefully to allow a fully secure and reliable network for a worldwide decentralized Cloud (Cloud 3.0). This demands the development of a variety of technical features. The first step of IDS will be delivered in Q2 2021 which will give the possibility to use the functionality “DataStore” for saving your file in the DIN of the blockchain, send mails with unprecedented blockchain-based mailing system or write to your friends in a fully secure and anonymous way with SIN Mobile messenger. 

 

SINOVATE will go beyond to provide security, decentralization, and efficiency by updating the blockchain to the Bitcoin core 0.21 and by delivering a fourth generation of Proof-of-Stake (PoS4) built in-house that will allow to add passive incomes alongside DIN and the HCO program.

 

To Infinity And Beyond

Exponential growth in numerous data-centric markets and the rise of mobile devices has exposed a severe lack of a viable long-term solution for the world’s future data storage needs. Blockchain-based dCloud platforms do address some of the security failings of their mainstream counterparts, but many face questions of token inflation. 

 

SINOVATE’s decentralized infinity node architecture and incorruptible data storage underlayer provide an incredibly secure foundation upon which new companies can be built, and its Proof of Burn feature offers both a answer to network sustainability, inflation, while offering everyone involved a chance to benefit for being apart of its future vision for decentralized data. 

 

SINOVATE Blockchain Developers 

SINOVATE’s rise in the dCloud Industry is largely thanks to its innovative blockchain developers

Xuantan Nguyen (Xtdev) and Giacomo Milligan. (Giaki3003/SINTOSHIS)

 

Xtdev is a highly experienced Big data and data mining specialist. He is also the innovator of Deterministic Infinity Nodes and one of the lead developers and Master SINOVATORS of SIN.

 

Giaki3003 is the second lead developer on SINOVATE team and fellow Master SINOVATOR. He is also a highly experienced blockchain core developer, as well as Innovator of the upcoming PoS4 custom proof-of-stake algorithm, and hybrid consensus.

 

Together they make a uniquely experienced and highly skilled duo and creators of the technical evolution that is SINOVATE. 

 

Check out SINOVATE and start running a node today

 

Read about SINOVATE on the Official blog – https://sinovate.io/blog

Join the conversation on Discord – https://discordapp.com/invite/CWbnW5y

Official SINOVATE Telegram Channel – https://t.me/SINOVATEChain

Meet the Team on LinkedIn – https://linkedin.com/in/sinovhttps://sinovate.io/ate-foundation-818672172

Official SINOVATE Medium – https://medium.com/@sinovatechain

 

Media Contact Details

Contact Name: Alex Thurston

Contact Email: alex.t@bitcoinprbuzz.com

 

SINOVATE 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.

 

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 Introducing SINOVATE: The Future of Decentralized Cloud Storage appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

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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.

Source: null tx

Bitcoin Press Release: ClinTex is all set to fulfil its promise of reducing cost and time wastage in the medical trials industry, with its CTi token available for public trading on KuCoin on Wednesday.

 

30th November 2020, London, United Kingdom: Using the combination of blockchain, artificial intelligence and smart contracts, ClinTex is an innovative medical trial platform that will usher in an era of data sharing, analytics and management in pharmaceutical development that will revolutionize the current industry. The aim: Eliminate issues that cause time and resources to be wasted and remove duplication of efforts.

 

Sharing is Caring

The pharmaceuticals industry is lucrative – an innovative medicine that can tackle a disease is worth billions in sales. However, the industry is littered with high barriers to entry and unfathomable lead times for products. Compounding these problems are the tough trial stages before drugs are approved for use. To offset this huge cost, the pharma industry simply passes on the cost to the public, with the sick paying huge amounts of money for their health. And in ClinTex’s view, this is unacceptable.

 

ClinTex is leveraging blockchain technology to herald a new age in medical trial data sharing that is secure, efficient and open. Their Clinical Trials Intelligence (CTi) platform utilizes data analytics combined with blockchain technology to address the major inefficiencies in clinical trials. Through this, the estimated $350 billion spent yearly on new medication development can be significantly reduced.

 

The CTi Platform will also enable better collaboration across the pharmaceutical industry. Currently, there are almost 3,000 studies ongoing that are evaluating Covid-19 treatments and vaccines, but most are working in isolation. Using blockchain technology, CTi will finally provide a way for Big Pharma, small Biotech, academia and  independent researchers to collaborate and share key data, allowing for faster clinical trials and less clinical trial failures.. This will support ClinTex’s vision of facilitating the delivery of new medicines Faster, Safer and Cheaper.

 

CTi Listing

Powering the ClinTex’s mission of serving humanity is its CTi token. The firm originally had an IEO in the plans, but the immense interest by participants meant ClinTex was ready to go to market with CTi much quicker. Purchased at an incredible pace, the first round completely sold out and the second round also saw unprecedented demand. ClinTex decided not to run additional, unnecessary rounds of the sale.

 

CTi has just been listed on KuCoin today, Monday 30th November, 2020 and publicly tradable in 2 days on Wednesday 2nd December, 2020. KuCoin stands amongst the top ten crypto exchanges and its high volume of trading means the token will be in the reach of hundreds of thousands of investors and individuals who share the ClinTex dream. With over 30,000 new clinical trials registered every year, and over 250,000 clinical trials ongoing at any one time, the market potential for CTi is huge. This market opportunity, coupled with ClinTex’s innovative platform, is likely to drive  significant demand for the token in the short term, with longer term sustainable token growth being driven by the roll-out of the platform in 2021. 

 

Open, Yet Secure

ClinTex offers a seamless experience of sharing medical data, but respects intellectual property at the same time. A recent report by The Guardian revealed that state sponsored hackers are constantly attempting to hack into the servers of pharma companies engaged in COVID-19 vaccine development. This is the very reason ClinTex uses blockchain. Smart contracts assure the information is released to the only right party, leading to a trustless environment.

 

Expert Opinion

Combined, the ClinTex team has over 50 years of experience in the pharma industry, with vast connections in the clinical trial sector. ClinTex is also all set to roll out its working platform in 2021. With the platform launched next year, the true power of medical trials and blockchain will be unleashed, bringing pharmacists, doctors, researchers and others under one roof, working in cohesion to make medications easier to develop and cost effective for the world. One world, one mankind, a global health benefit.

 

Join the medical revolution and trade CTi today on KuCoin!

 

Connect with ClinTex on Telegram: https://t.me/ClinTexCTi 

Join ClinTex on Twitter: https://twitter.com/ClinTexCTi 

Check up what ClinTex is up to on Medium: https://medium.com/@clintexcti 

 

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users across 207 countries and regions around the world. One out of every four crypto holders in the world is with KuCoin.

 

Media Contact Details 

Contact Name: Sean Flanagan

Contact Email: info@clintex.io

 

ClinTex 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.

 

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 After Lightning-Paced Tier-1 Sellout, ClinTex’s CTi Token Lists on KuCoin Today appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

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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

Saint Kitts, November 19th, 2020 — Bitcoin.com, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.” 

The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that will sell for 9,900 EUR per timepiece and only 500 will be made available. 

The “Free the Money, Free the World” Franck Muller luxury watch was designed by Tyler Gallagher of Regal Assets and the cofounder of Bitcoin.com Mate Tokay. During the launch event, Gallagher said that he was thrilled to collaborate with the Bitcoin.com team. 

“This has been an exciting project and it is beyond an honor to work with Bitcoin.com, Mate Tokay, and Roger Ver on this. Let’s free the world together,” Gallagher said. 

Franck Muller watches are extremely popular and well known celebrities like Kim Kardashian, Swae Lee, Kanye West, and David Beckham have been seen wearing the fine timepieces. 

The Bitcoin Cash (BCH) Franck Muller luxury watch comes with a two-piece “Deep Cold Storage” set that allows the owner to store bitcoins within the public address etched on the dial. The 41mm black and green wristwatch is characterized by timeless arrangements and uniquely complicated watch machinery. 

The product’s titanium exterior is extremely durable for individuals with an active lifestyle. The stylish black DLC coating with green accents gives the watch a fashionable metropolitan look. The wristwatch is the first-ever Bitcoin Cash Franck Muller dial. The watch QR code can be customized with the buyer’s bitcoin cash (BCH)or bitcoin (BTC) public key. 

During the limited edition watch release announcement, Mate Tokay said he was excited to see the response toward this clever and gorgeous design. 

“It has been an amazing experience to work with the Franck Muller team to design the world’s first Bitcoin Cash watch,” Mate Tokay said. 

“As a watch enthusiast, this challenge meant a lot to me. I truly believe that we have created a one of a kind watch, and I am flattered to say that the feedback has been great so far.” 

Since the limited edition launch, celebrities such as rapper Young Thug, Youtube star and gamer Faze Banks, American singer-songwriter Kaash Paige, rapper and songwriter Cardi B, American singer and rapper Swae Lee, American model and social media star Jordyn Woods, and the hip-hop star Gunna have been seen wearing the watch.

 

Find more information about the “Free the Money, Free the World” timepiece here. Check out the new product’s Youtube video as well, which displays the timepiece’s one-of-a-kind elegance. 

About Bitcoin.com 

Founded in 2015, Bitcoin.com is working to make money better—for everyone. Whether it’s your paycheck, pension, or piggy bank savings, money matters to us all. So, rather than relying on banks—with their fees, delays, and fraud risk—we stand for money without limits. That’s why we support Bitcoin Cash, a global digital currency that only you can control. Our products make both Bitcoin Cash and Bitcoin more accessible. You can buy, use, and store Bitcoin securely, monitor market prices and news, and even earn Bitcoin through mining. We also help businesses accept Bitcoin payments and support developers building on Bitcoin. 

Media Contacts Details

Contact Name: Mate Tokay 

Contact Role: Co-founder, Bitcoin.com 

Contact Email: mate@bitcoin.com

 

Bitcoin.com 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 Bitcoin.com Announces Partnership With Luxury Watchmaker Franck Muller  appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

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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.

Source: null tx

16th November 2020, Copenhagen, Denmark – Only two months down the road from the launch of the new company in September, the Scandinavian crypto exchange CPH Crypto now adds margin trading with leverage 10x at zero cost in the crypto spot market including the most popular cryptocurrency pairs.  

CPH Crypto launched at the beginning of September with a clear profile and a strong message to the crypto market: The current level of trading fees set by the biggest international trading platforms does not benefit customers and must be driven down. CPH Crypto’s mission is to make that happen by offering a fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.  

 

Freedom to Pursue any Strategy

A lesson learned over the years is that cost kills profit. That is why CPH Crypto is targeting primarily active and professional crypto traders who need full freedom to pursue their trading strategies without worrying about the costs.

“When we launched CPH Crypto, the platform offered the most basic services. But now, a few months later we are happy to announce that margin trading and leverage 10x in the crypto spot market are available services on the trading platform,” says Jan Andersen, CEO of CPH Crypto.

For new clients, margin trading will even be free of cost for a limited period of time, so everybody has a chance to benefit and explore CPH Crypto’s services first hand and with no strings attached. Jan Andersen explains:

“Active traders should only have to focus on their trading strategy and not on the costs. That’s the core idea and philosophy of CPH Crypto. But active traders also want advanced opportunities, instruments and services like margin trading and leverage to support their strategies and manage their portfolio. These services have been our top priority.”

 

Deposits Insured

When trading with CPH Crypto, all client crypto deposits are insured. So in the unlikely event of the company being hacked, clients’ deposits would not be affected.

“Trust and credibility are key values for CPH Crypto and that’s why we have this rather unusual feature of insured crypto deposit as a cornerstone in our client offer,” says Jan.

CPH Crypto is registered with the Danish FSA according to the AMLD5 Directive on Anti Money Laundering.

Visit the CPH Crypto website now: www.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. 

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 Publicly-listed Crypto Exchange Offers Margin Trading in Crypto Spot Market appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

Source: BPRB Feed

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.

Source: null tx

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.

Source: null tx