#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.
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.
#HubrisOne
Bank accounts and cryptocurrency wallets
HubrisOne offers you more.
Learn more: http://HubrisOne.com
#blockchain #cryptocurrency #bitcointalk #banking #digital #MaltaBlockchainSummit
Bank accounts and cryptocurrency wallets
HubrisOne offers you more.
Learn more: http://HubrisOne.com
#blockchain #cryptocurrency #bitcointalk #banking #digital #MaltaBlockchainSummit
#Mixin_Network
Happy #Bitcoin Birthday! Celebrating the 10th anniversary of Bitcoin white paper! Look back to where the Bitcoin begins, what would you share with Mixin Network about your story of #blockchain & #cryptocurrency?
#Mixin_Network $XIN
Happy #Bitcoin Birthday! Celebrating the 10th anniversary of Bitcoin white paper! Look back to where the Bitcoin begins, what would you share with Mixin Network about your story of #blockchain & #cryptocurrency?
#Mixin_Network $XIN
#ProjectDELTA
Last October 30th, Project DELTA attended the #BITForum 2018 to officially present our Mainnet prototype and invite participants to take part in creating a #genesisblock. You can read more of the details here:
https://medium.com/project-delta/project-delta-at-bit-forum-fall-2018-f387c50e8584
Last October 30th, Project DELTA attended the #BITForum 2018 to officially present our Mainnet prototype and invite participants to take part in creating a #genesisblock. You can read more of the details here:
https://medium.com/project-delta/project-delta-at-bit-forum-fall-2018-f387c50e8584
#PixelCharity
PIXEL CHARITY WILL RETURN 10 TIMES MORE TO EVERYONE WHO HAS DONATED TO VALERY FOR MEDICAL TREATMENT
Within the framework of this charity move, the charity project Pixel Charity and Charity Fund Mercy to Children has announced fundraising for Valery Aksinin.
The crypto currency Pixel Charity project, which allows people to help those in need without donating money, began to fulfil its mission before the official launch.
Fund raising for Valery’s treatment has begun, for a boy who until recently grew up to being a healthy child, with high academic potential, cheerful attitude and social skills.
He was and is very loved by his teachers and classmates. Unfortunately, a couple years ago his life drastically changed as he was diagnosed with a tumour of the 4th ventricle of the cerebellum medulloblastoma of the classical type.
In December 2017, MRI images showed a new tumour in another area of the brain (probably, the screening of medulloblastoma).
Treatment is needed—radiotherapy in IIBS (settlement of Dibuna) at a cost of 335 000 rubles ($ 5000).
Those wishing to address their financial assistance to Valeriy can make a donation to the Mercy to Children Charity Fund. (http://mirdetiam.ru/)
Each donated dollar will be repaid ten times in the equivalent of PXLT tokens, which Pixel Charity sells to attract investments to launch the project.
Pixel Charity has successfully completed the pre-ICO stage, collecting in two rounds of tokensale more than $ 1 million
All PXLT holders will participate in the distribution of revenues from transaction fees of the Pixel network.
Pixel Charity develops its own Pixel network, where the funds confirming each released PXL (unit in the Pixel network) will be placed on deposits with public access to the state of the account. All intrest gained from deposits will automatically be transferred to charitable funds, thus anyone can participate in charity without spending their money—simply using Pixel to make payments on a daily basis. Since, all funds from sales of PXL are placed on deposits, each holder of PXL can exchange its tokens to dollars at any time and without losses.
The project team includes a well-known crypto-currency activist, chief editor of CryptoCoinNews, as well as blockchain expert Simon Cocking, whose name is on the top three list of world leaders in the blockchain industry.
full article: https://irishtechnews.ie/pixel-charity-will-return-10-times-more-to-everyone-who-has-donated-to-valery-for-medical-treatment/
PIXEL CHARITY WILL RETURN 10 TIMES MORE TO EVERYONE WHO HAS DONATED TO VALERY FOR MEDICAL TREATMENT
Within the framework of this charity move, the charity project Pixel Charity and Charity Fund Mercy to Children has announced fundraising for Valery Aksinin.
The crypto currency Pixel Charity project, which allows people to help those in need without donating money, began to fulfil its mission before the official launch.
Fund raising for Valery’s treatment has begun, for a boy who until recently grew up to being a healthy child, with high academic potential, cheerful attitude and social skills.
He was and is very loved by his teachers and classmates. Unfortunately, a couple years ago his life drastically changed as he was diagnosed with a tumour of the 4th ventricle of the cerebellum medulloblastoma of the classical type.
In December 2017, MRI images showed a new tumour in another area of the brain (probably, the screening of medulloblastoma).
Treatment is needed—radiotherapy in IIBS (settlement of Dibuna) at a cost of 335 000 rubles ($ 5000).
Those wishing to address their financial assistance to Valeriy can make a donation to the Mercy to Children Charity Fund. (http://mirdetiam.ru/)
Each donated dollar will be repaid ten times in the equivalent of PXLT tokens, which Pixel Charity sells to attract investments to launch the project.
Pixel Charity has successfully completed the pre-ICO stage, collecting in two rounds of tokensale more than $ 1 million
All PXLT holders will participate in the distribution of revenues from transaction fees of the Pixel network.
Pixel Charity develops its own Pixel network, where the funds confirming each released PXL (unit in the Pixel network) will be placed on deposits with public access to the state of the account. All intrest gained from deposits will automatically be transferred to charitable funds, thus anyone can participate in charity without spending their money—simply using Pixel to make payments on a daily basis. Since, all funds from sales of PXL are placed on deposits, each holder of PXL can exchange its tokens to dollars at any time and without losses.
The project team includes a well-known crypto-currency activist, chief editor of CryptoCoinNews, as well as blockchain expert Simon Cocking, whose name is on the top three list of world leaders in the blockchain industry.
full article: https://irishtechnews.ie/pixel-charity-will-return-10-times-more-to-everyone-who-has-donated-to-valery-for-medical-treatment/
#Bistox
7 main competitive advantages of Bistox
“Crypto currency rush” has led to the emergence of dozens of platforms that specialize in the exchange of digital money. But, the vast majority of trading volume falls only on the five largest exchanges, while the rest are satisfied with “pickings after a feast”.
At the same time, it should be noted that unlike the stock market, the “group of leaders” among the cryptocurrency exchanges is unstable. Some platforms fall out of it because of some problems, others just give way to competitors offered better services and more favorable conditions. And these changes occur very quickly. For example, Binance, today’s market leader, was founded only in 2017.
And we believe that the time for a new change of leaders in the cryptocurrency market has come. Our project Bistox, semi-decentralized cryptocurrency exchange powered by NEM, has number of advantages and useful tools that can quickly bring Bistox to the list of the most popular cryptocurrency exchanges.
#bistox #ICO #blockchain #crypto
7 main competitive advantages of Bistox
“Crypto currency rush” has led to the emergence of dozens of platforms that specialize in the exchange of digital money. But, the vast majority of trading volume falls only on the five largest exchanges, while the rest are satisfied with “pickings after a feast”.
At the same time, it should be noted that unlike the stock market, the “group of leaders” among the cryptocurrency exchanges is unstable. Some platforms fall out of it because of some problems, others just give way to competitors offered better services and more favorable conditions. And these changes occur very quickly. For example, Binance, today’s market leader, was founded only in 2017.
And we believe that the time for a new change of leaders in the cryptocurrency market has come. Our project Bistox, semi-decentralized cryptocurrency exchange powered by NEM, has number of advantages and useful tools that can quickly bring Bistox to the list of the most popular cryptocurrency exchanges.
#bistox #ICO #blockchain #crypto
Прогноз курса Ethereum (ETH): ETH выбирает куда дальше двинуться?.
После нескольких очень скучных дней бокового движения и очень слабой волатильности, рынок показал некоторые признаки жизни. Биткоин (BTC) немного двинулся вниз к нижней линии треугольника, который мы...
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После нескольких очень скучных дней бокового движения и очень слабой волатильности, рынок показал некоторые признаки жизни. Биткоин (BTC) немного двинулся вниз к нижней линии треугольника, который мы...
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X-Block is the first global public chain built on the Fog computing framework, which aims at creating a user-friendly, convenient and open light Eco-Blockchain.
Website: https://x-block.io/
Telegram： t.me/XblockOfficial
Twitter: https://twitter.com/XBlockOfficial
Medium: https://medium.com/@xblockofficial
Facebook: https://www.facebook.com/XBlockChain/
Website: https://x-block.io/
Telegram： t.me/XblockOfficial
Twitter: https://twitter.com/XBlockOfficial
Medium: https://medium.com/@xblockofficial
Facebook: https://www.facebook.com/XBlockChain/
#MenaPay
With $2.3 trillion value Islamic finance market attracts crypto exchanges like @AdabSolutions, which will provide their services according to Shariah rules.@menapayio's Burak Erdir sheds some light on the topic.
https://ihodl.com/opinion/2018-10-30/first-islamic-crypto-exchange-be-100-halal/
#2gether4mena #blockchain
With $2.3 trillion value Islamic finance market attracts crypto exchanges like @AdabSolutions, which will provide their services according to Shariah rules.@menapayio's Burak Erdir sheds some light on the topic.
https://ihodl.com/opinion/2018-10-30/first-islamic-crypto-exchange-be-100-halal/
#2gether4mena #blockchain
#Electrominer
ABOUT ELECTROMINER
Electrominer is a self-powered Mining Platform where users rent hashing capacity to mine various coins/algorithms. Our mining facilities will be powered by our own solar energy station.
EASY-TO-USE EFFECTIVE CLOUD MINING PLATFORM
Electrominer Cloud Mining Platform is a Web Portal where users can rent Hashing Power for various algorithms, track status of mining process and get support from Electrominer team. The platform is simple for new users and efficient for experienced ones.
SELF-POWERED MOBILE BLOCKCHAIN DATA CENTERS
Electrominer Mobile Data center units are housed in shipping containers, allowing high mobility for easy transportation.
CLEAN ENERGY GENERATION
Electrominer is building its own solar energy station to minimize electricity expenses and reduce negative environmental impact of cryptomining.
#electrominer #electrominerito #blockchain #mining
ABOUT ELECTROMINER
Electrominer is a self-powered Mining Platform where users rent hashing capacity to mine various coins/algorithms. Our mining facilities will be powered by our own solar energy station.
EASY-TO-USE EFFECTIVE CLOUD MINING PLATFORM
Electrominer Cloud Mining Platform is a Web Portal where users can rent Hashing Power for various algorithms, track status of mining process and get support from Electrominer team. The platform is simple for new users and efficient for experienced ones.
SELF-POWERED MOBILE BLOCKCHAIN DATA CENTERS
Electrominer Mobile Data center units are housed in shipping containers, allowing high mobility for easy transportation.
CLEAN ENERGY GENERATION
Electrominer is building its own solar energy station to minimize electricity expenses and reduce negative environmental impact of cryptomining.
#electrominer #electrominerito #blockchain #mining
#Karatcoin
Hurry up, the offer is about to expire!
!!! 30% BONUS - 24Hrs left !!!
Website: https://karatcoin.co
Buy #Karatcoin here: https://karatcoin.dreammy.io/register
#bitcoin #cryptocurrency #Ethereum #GOLD #ICO #EOS #cryptofever #CryptoNews
Hurry up, the offer is about to expire!
!!! 30% BONUS - 24Hrs left !!!
Website: https://karatcoin.co
Buy #Karatcoin here: https://karatcoin.dreammy.io/register
#bitcoin #cryptocurrency #Ethereum #GOLD #ICO #EOS #cryptofever #CryptoNews
#CoinBundle
Some people like to geek out for Halloween and have some fun but can’t figure out what to wear. It should be easier to decide after checking this list of fun crypto-influenced costume ideas.
https://medium.com/coinbundle/10-crypto-halloween-costume-ideas-99377ae7a35
Some people like to geek out for Halloween and have some fun but can’t figure out what to wear. It should be easier to decide after checking this list of fun crypto-influenced costume ideas.
https://medium.com/coinbundle/10-crypto-halloween-costume-ideas-99377ae7a35
#RipaEx
ARK Core: Testathon
This is it, the final countdown has begun! Do you want to help us in the final stage of testing before we move Core V2 to MainNet? Do you like the idea of getting more ARK for being a part of something that is for the greater good of the Ecosystem? Then this final testing stage is for you!
We are now ready to enter the final stage of testing before we launch Core V2 to MainNet. We felt that this momentous occasion deserved something special. As such, to help encourage participation and to make things a little more fun, we have decided to run what we are calling the “ARK V2 Testathon”.
This Testathon will last one week and will feature YOU, the users & delegates. In this phase of testing, you will be the main attraction and we will be standing by to offer support where needed.
GitHub Core repository:
https://github.com/ArkEcosystem/core
GitHub Core issues:
https://github.com/ArkEcosystem/core/issues
Core docs:
https://docs.ark.io/guidebook/core/
API v2 docs:
https://docs.ark.io/api/public/v2/
Guide on setting up Core node:
https://blog.ark.io/eb704b7e75fd
Join our Slack and #devnet channel to get into action and get help if you get stuck in the process.
full article:
https://blog.ark.io/ark-core-testathon-c965c07373e3
ARK Core: Testathon
This is it, the final countdown has begun! Do you want to help us in the final stage of testing before we move Core V2 to MainNet? Do you like the idea of getting more ARK for being a part of something that is for the greater good of the Ecosystem? Then this final testing stage is for you!
We are now ready to enter the final stage of testing before we launch Core V2 to MainNet. We felt that this momentous occasion deserved something special. As such, to help encourage participation and to make things a little more fun, we have decided to run what we are calling the “ARK V2 Testathon”.
This Testathon will last one week and will feature YOU, the users & delegates. In this phase of testing, you will be the main attraction and we will be standing by to offer support where needed.
GitHub Core repository:
https://github.com/ArkEcosystem/core
GitHub Core issues:
https://github.com/ArkEcosystem/core/issues
Core docs:
https://docs.ark.io/guidebook/core/
API v2 docs:
https://docs.ark.io/api/public/v2/
Guide on setting up Core node:
https://blog.ark.io/eb704b7e75fd
Join our Slack and #devnet channel to get into action and get help if you get stuck in the process.
full article:
https://blog.ark.io/ark-core-testathon-c965c07373e3
#Bitfxt
What is BXT COIN?
Bitfxt coin (BXT) is a ‘decentralized cryptocurrency built with a proof of stake algorithm. BXT Coin is the store of value in the Bitfxt ecosystem — an alliance of entities and technologies built on a world-class hardware infrastructure, proprietary blockchain technology, a decentralized, user friendly wallet system and a regulation-friendly global network of KYC authenticated users.
We have created lots of blockchain solutions and we are set to do more… Our focus is to bring blockchain closer to the people.
Our approach is first of its kind and we are on the move to build the largest blockchain and cryptocurrency community across Africa.
Our projects
Bitfxt Exchange:
Our Exchange was designed to be the best and first of its kind. It is the go-to exchange for both the learned and unlearned. It is intuitive and easy to operate. Users can fund their accounts seamlessly and withdraw with ease… It is the cheapest cryptocurrency exchange in terms of fees.
Bitfxt Cointracker:
Bitfxt cointracker is a sophisticated crypto currency, exchange and news tracking software. It solves a major problem in the crypto space. Users of Bitfxt Cointracker can keep tabs of every activity on the coin market cap., News, the various assets they are trading in various other exchanges without having to login to their accounts. It is amazingly always up to date because all the info. are in real time.
Our Use Case:
BXT coin is an exchange coin as well as a payment token. It can be used to pay for all the fees within the bitfxt eco system. It also functions as a stake in the hands of the holders.
Token Sale Information
Website: https://bxtcoin.io
Whitepaper: https://bxtcoin.io/BitfxtWhitePaper-min.pdf
Public Sale [Stage 1 to 4]: 1ETH = 2500 BXT | 1ETH = 2000 BXT | 1ETH = 1500 BXT and 1ETH = 1000 BXT
Minimum purchase = 0.1 ETH
Accepted payment: ETH, LTC & BTC
Total Supply: 20,000,000
#bitfxt #bitcoin #trading #mining #exchange #wallet #academy #bitcoinwallet #ethereum #motivation #knowledge #startupbusiness #justdoit
What is BXT COIN?
Bitfxt coin (BXT) is a ‘decentralized cryptocurrency built with a proof of stake algorithm. BXT Coin is the store of value in the Bitfxt ecosystem — an alliance of entities and technologies built on a world-class hardware infrastructure, proprietary blockchain technology, a decentralized, user friendly wallet system and a regulation-friendly global network of KYC authenticated users.
We have created lots of blockchain solutions and we are set to do more… Our focus is to bring blockchain closer to the people.
Our approach is first of its kind and we are on the move to build the largest blockchain and cryptocurrency community across Africa.
Our projects
Bitfxt Exchange:
Our Exchange was designed to be the best and first of its kind. It is the go-to exchange for both the learned and unlearned. It is intuitive and easy to operate. Users can fund their accounts seamlessly and withdraw with ease… It is the cheapest cryptocurrency exchange in terms of fees.
Bitfxt Cointracker:
Bitfxt cointracker is a sophisticated crypto currency, exchange and news tracking software. It solves a major problem in the crypto space. Users of Bitfxt Cointracker can keep tabs of every activity on the coin market cap., News, the various assets they are trading in various other exchanges without having to login to their accounts. It is amazingly always up to date because all the info. are in real time.
Our Use Case:
BXT coin is an exchange coin as well as a payment token. It can be used to pay for all the fees within the bitfxt eco system. It also functions as a stake in the hands of the holders.
Token Sale Information
Website: https://bxtcoin.io
Whitepaper: https://bxtcoin.io/BitfxtWhitePaper-min.pdf
Public Sale [Stage 1 to 4]: 1ETH = 2500 BXT | 1ETH = 2000 BXT | 1ETH = 1500 BXT and 1ETH = 1000 BXT
Minimum purchase = 0.1 ETH
Accepted payment: ETH, LTC & BTC
Total Supply: 20,000,000
#bitfxt #bitcoin #trading #mining #exchange #wallet #academy #bitcoinwallet #ethereum #motivation #knowledge #startupbusiness #justdoit
#TrexToken
Token Information
Smart Contract: 0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Symbol:TXT
Decimalol:8
Max supply:10,000,000,000
Accepted payment:ETH
Token Link: etherscan: https://etherscan.io/address/0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Term of token sale:30 days with the possibility of an automatic early completion in pursuing the final goals of ICO
Commitments:
- All unsold and unallocated tokens will bе destroyed and additional release оf tokens will not be possible
- CEO & Dev wallets will be lock 1 year.
- Advisors wallets will be lock 3 months.
Token Information
Smart Contract: 0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Symbol:TXT
Decimalol:8
Max supply:10,000,000,000
Accepted payment:ETH
Token Link: etherscan: https://etherscan.io/address/0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Term of token sale:30 days with the possibility of an automatic early completion in pursuing the final goals of ICO
Commitments:
- All unsold and unallocated tokens will bе destroyed and additional release оf tokens will not be possible
- CEO & Dev wallets will be lock 1 year.
- Advisors wallets will be lock 3 months.
#CoinBundle
Get $5 for your first investment of $100 on #coinbundle.
Sign up using this link: http://bit.ly/100bundle5
Get $5 for your first investment of $100 on #coinbundle.
Sign up using this link: http://bit.ly/100bundle5
#Pinmo
Pinmo is a decentralized social media marketing network that allows advertisers to deliver advertising content, links, or other materials directly to users on their social networks, and whose payment policy is based on the achieved performance. From a business perspective, we have built a sharing platform that connects advertisers, marketers and social media users. The platform aims to eliminate all middlemen in the advertising industry and allows marketers to directly connect with those who can spread their brand best. On the technical side, we are the first Dapp that focuses on providing cross-chain solutions for advertising traffics. The main ledger and advertisers’ portal Dapp is placed on the Ethereum. Furthermore, Pinmo also works with different public chain partners to develop Node Dapps and together, form a traffic sharing community.
#ICO #Blockchain
Pinmo is a decentralized social media marketing network that allows advertisers to deliver advertising content, links, or other materials directly to users on their social networks, and whose payment policy is based on the achieved performance. From a business perspective, we have built a sharing platform that connects advertisers, marketers and social media users. The platform aims to eliminate all middlemen in the advertising industry and allows marketers to directly connect with those who can spread their brand best. On the technical side, we are the first Dapp that focuses on providing cross-chain solutions for advertising traffics. The main ledger and advertisers’ portal Dapp is placed on the Ethereum. Furthermore, Pinmo also works with different public chain partners to develop Node Dapps and together, form a traffic sharing community.
#ICO #Blockchain
#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.
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.
#SUQA
Did you know SUQA is a Proof-of-Work cryptocurrency utilizing a brand new advanced X22i POW algorithm which is completely ASIC, FPGA and QUANTUM resistant? Go mine $SUQA!
https://twitter.com/i/status/1058071318199984128
Did you know SUQA is a Proof-of-Work cryptocurrency utilizing a brand new advanced X22i POW algorithm which is completely ASIC, FPGA and QUANTUM resistant? Go mine $SUQA!
https://twitter.com/i/status/1058071318199984128
Twitter
SUQA
Did you know SUQA is a Proof-of-Work cryptocurrency utilizing a brand new advanced X22i POW algorithm which is completely ASIC, FPGA and QUANTUM resistant? Go mine $SUQA! https://t.co/iwaIrmv1zM