Crypto Fanat
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#CoinBundle

Payment tokens:
Some of the most popular coins out there, despite being heavily outnumbered by other altcoins. It’s important not to mistake these cryptocurrencies with security or utility tokens, as they serve completely different purposes. 🤓🤔

https://medium.com/coinbundle/for-beginners-payment-tokens-2caae2fcc1d8
#Encrybit

High Withdrawal Fees is giving a hard time to Traders

It’s the era of centralized Cryptocurrency Exchanges, and it directly implies service fees. Although decentralized exchanges are emerging still the network fees are to be paid.

In case you aren’t aware of the cryptocurrency transaction procedure which is based on blockchain technology, here’s a short explanation. When you initiate the transaction, specialized programmers called miners will solve the puzzle to add the transaction block to the blockchain.

Miners use dedicated hardware, software and a lot of computing power to perform this action. As defined by the creator of cryptocurrency, miners will receive coins and some transaction fees as remuneration for this task. In all, we can relate this as network fee.

When you buy/sell or trade coins on an exchange, you are making cryptocurrency transactions and utilizing the blockchain. This makes you entitled to pay the network fees. An exchange provides you the platform to do so and hence eligible to charge a commission. This commission is presented to the trader in variant forms like trading fee, deposit fee, withdrawal fee and other miscellaneous fees. Each of this process makes use of the blockchain, and hence the network fees are applied.

Deposits are generally free of cost, but here the matter of concern is withdrawal fees. We have some exchanges in the market which offer the service to withdraw in equivalent fiat. It takes into account the fees of payment gateway as well. This is directly charged to the trader and hence resulting in the rise of withdrawal fees.

How is High Withdrawal Fees a problem for Traders?

Seldom traders who keep the coins on hold for a long run are the least affected with high withdrawal fees. Because they withdraw rarely and it does not seem expensive to them.

The real trouble is faced by the day traders who withdraw at the end of every day. They are the highest users of instant deposit and withdraw feature available at some of the exchanges. In case of day trading, the price fluctuations are comparatively low than that obtained at a larger interval of time. Hence, the profit gained is nominal, and a more significant portion of that goes in paying withdrawal fees.

During the bullish trend in the market, the rate of withdrawal is more as most of the traders will exit acquiring the maximum profit. But the high rate of withdrawal fees puts a cut on the expected benefit.

Another type of traders affected by this problem are the ones who trade on multiple exchanges. You must be wondering why one would feel the need to trade on more than one exchange. It is because we do not have any exchange at present which is capable enough to fulfill all the demands of crypto traders.

Some may lack the required coin pairs or liquidity and trading volume or dealing with fiat. To make the best out of crypto trading, the traders have to use multiple exchanges.

This requires the transfer of coins from one exchange to another and thus withdrawal. The increasing nature of withdrawal fees brings down their moral and of course expensive to transfer.Traders’ Opinion

It is the very own opinion of the traders from the crypto community that the high withdrawal fees charged by current exchanges bother them for sure. It was revealed in an online survey conducted by Encrybit on current cryptocurrency exchange problems in which 18% of the participants were upset with high withdrawal fees.

What should be done to overcome the problem?

If you check out the withdrawal policies of present exchanges, you’ll find either a fixed rate or depending upon the amount you withdraw. The fixed rate is beneficial when a significant amount is to be withdrawn. Even the comparable withdrawal fee rates are a bit expensive to traders.
#ARAW

ARAW is thrilled to have received a positive review by Hacked.Com

Since we have launched the ARAW e-commerce marketplace, have announced the ARAW token, our expansion to the blockchain, and our upcoming ICO, we have obtained multiple reviews and gotten attention from analysts within the crypto space. Today, we are proud to tell our readers that the notorious crypto and ICO analysis website Hacked.com has given a positive and unbiased review of ARAW!

Hacked.com is one of the most popular and most read news and review websites about Bitcoin, Ethereum, ICOs and cryptocurrencies in general. When they review a project or an initial coin offering, they are always neutral, unbiased, and do not take external advice or input. The review concerning ARAW has not been sponsored or paid for by us, therefore making it valuable and giving us additional credibility in the space. We are thrilled to be featured and even more so in a positive way, on this staple of the blockchain industry.

The review from Hacked.com rates our project and our upcoming ICO 7.5 out of 10. This is a high grade for the exigent online magazine, especially since we are still during our pre-sale phase.

The team at Hacked.com has written that they appreciated various features and points in our project and the team behind it. First, our experience in the e-commerce and payments industry and the fact that we have been active for two years has been very much noticed. The author Gerelyn Terzo wrote, “ARAW is a professional project that has two years of operating history that sets it apart from most blockchain startups.”.

Launching and expanding our product in other countries come 2020 was considered a big plus for us: “The ICO is designed to fund an expansion, one that involves a move to a decentralized platform on the Ethereum network as well as a 2020 push into the U.S. and Asia.”

The ARAW token was also deemed to be one of the strongest points of our project by the reviewing team. It thinks highly of the ARAW token and the fact that it will be listed on exchanges very soon. Our airdrop and bounty program also marked some points.

Other aspects of our project increased our overall scores, such as the ARAW token unified rewards system and how the ICO proceeds will be used in a diversified manner to fund sales, marketing and R&D. Our regulatory compliance, including KYC, was recognized in their analysis and played in our favor.

Although the team at Hacked.com admits that our project has some risks, they have still given us a lot of room to grow and see a lot of potentials. They appreciate our multiple partnerships, including the one with blockchain-based platform Credits, which will increase transaction speed and bring meager fees to our merchants and our customers.

Lastly, the team declared that we are currently in the right place, at the right time. The e-commerce and payments industry is growing considerably and will be reaching $4.5 trillion in sales in the next three years.

We are very excited and thrilled to have received this review, which we believe will play a significant role in garnering positive attention from the media and other cryptocurrency news outlets shortly. We also hope that it will cement our trust with investors and bring more in the future for our ICO.
#CoinBundle

Payment tokens:
Some of the most popular coins out there, despite being heavily outnumbered by other altcoins. It’s important not to mistake these cryptocurrencies with security or utility tokens, as they serve completely different purposes. 🤓🤔

https://medium.com/coinbundle/for-beginners-payment-tokens-2caae2fcc1d8
​​#ProjectDELTA

What is Project DELTA?

The Project DELTA Blockchain Protocol presents a game-changing framework different from other protocols. It is a protocol designed with groundbreaking structure and rules which suggest a new paradigm of the blockchain for the 4th Industrial Revolution era.

Our Solutions

The DELTA Blockchain protocol offers an optimal convergence solution with data-driven technologies to lead the fourth industrial revolution.

VOTA (Verification of Transcendence Spatial Autocorrelation):

VOTA significantly reduces block time and achieves the real-time transaction by applying a unique algorithm and eliminating coin-based compensations.

DAPP As A Node (DAAN):

Being itself a node, DAPP is incentivized by business-driven benefits instead of coin compensations to confirm transactions and generate blocks.

CRDE (Cross-Referral DAPP Ecosystem):

DELTA allows anybody to create DAPPS by using the widgets (essential DAPPS provided by Project DELTA). Cross reference between DAPPS allows a dynamic DAPP ecosystem.

Pain Points

By 2025 big data is expected to increase to 163 ZB worldwide,which is 10 times the total amount of data generated in 2016.

The current blockchain protocols are unable to manage the amounts of data generated at an unprecedented scale due to the waiting time for nodes to receive the coin reward.

Limitations in the existing blockchain protocols ultimately hamper the creation of an active DAPP ecosystem.