Crypto Currency News & Gist
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Forwarded from DAO Maker News
When the market goes down, it's time to highlight the real builders of the world.

Alex is the original creator of the Voice over Internet Protocol, which is now used by all of us to talk for free on the phone.

His new venutre is Celcius Network, a DeFi Lending platform. To learn more, go to https://celsius.network/

#NotSponsored
#SupportTheBuilders
Forwarded from DAO Maker News
When the market goes down, it's time to highlight the real builders of the world.

Alex is the original creator of the Voice over Internet Protocol, which is now used by all of us to talk for free on the phone.

His new venutre is Celcius Network, a DeFi Lending platform. To learn more, go to https://celsius.network/

#NotSponsored
#SupportTheBuilders
Forwarded from 2key network News & Updates
1st Social Mining Distribution Completed

We want to thank our community for all the support that they gave us so for.

Although the market condition are not optimal, our community is growing at a exponential rate!

To check out your rewards, go to social mining and click on the "My Rewards".

Rewards will be given out every two weeks from now on. The total amount of rewards given depend on the total value output that the community generates.

We have all the gifs and memes in the world, now its time to do something with them.

Looking forward for another great month! 🚀
Forwarded from DAO Maker News
What happened this week. FAKKT?

Most people blame BAKKT on the recent, arguably biggest red candle of the year. I think it’s part of the story.
Bitcoin has no actual use cases. Utility through purchase is minimal at best.

So, what makes Bitcoin go up?

For me Bitcoin feels a bit like the real estate narrative of millennials.

Baby boomers always say: Buy real estate! Real estate always goes up!
The theory: limited supply and growing demand, which is also not really true at least not in the western countries which actually see falling numbers in population. But since 2 entire generations belived in this narrative, it becomes a self-fulfilling prophecy.

Bitcoin is the real estate of the millennials: We say: HODL Bitcoin! Bitcoin always goes up.

That brings me back to the original point regarding this week’s FAKKT. The only reason why bitcoin goes up is because bitcoin goes up.
Bitcoin recently reahed 3x in price from the last lows, the only reason why people didn’t sell yet, was the hope that bitcoin would raise even more, due to unrealistic hopes regarding BAKKT.

Once BAKKT did not cause Bitcoin to go up, it caused people to sell.
300% are pretty good profits and there are no other fundamental use cases for bitcoin.
Only reason why bitcoin goes up is because of short term anticipation on the raise of Bitcoin. No more short term price anticipations and therefore we go down.

This will continue so long until all the short term anticipating hodlers of BTC are washed out and only fundamental cultist like holders remain.

At that point we go back to all time highest.

I personally think this is still few more months away, because in 2017, crypto acquired more idiots than in all of the years prior. Therefore the bear market washout period will take substantially longer. I expect a 20k bitcoin around February 2020 and then new ATH in the months after that.

https://www.bitcoinblockhalf.com
Forwarded from DAO Maker News
Founders of Rekt

A look at how ridiculous valuations are in Crypto. Here is a comparison of the early valuation of a payment technology startup in the traditional sector vs the ICO valuation of a payment technology startup in Blockchain sector.

Square: Massive early network, functioning high-demand product, and cash flow = $30M
PumaPay: No network, no product and no cash flow = $300M

If you put $200,000 (Lambo money) in PMA at ICO, today you'd have enough for a 10-year old Toyota Prius.
Forwarded from DAO Maker News
Founders of Rekt

More ridiculous startup valuations in blockchain.
Here is a comparison of the early valuation of a transport startup in the traditional sector vs the ICO valuation of a transport startup in Blockchain sector.

Uber: Rapidly growing revenue, working product, 2 years in operation = $11M raise
DAV: No users, no cash flow = $28.5M raise

Rekt by:
Noam Copel CEO
Tal Ater CTO
Joe Lopardo CMO
AmaZix Team

Sad, yet hilarious: Today, DAV has a largely unused scooter-hailing app. We reached out to a dev agency to ask what they'd charge to imitate that app. We were quoted $77,000.

$200,000 put in DAV’s token sale will sell for $800. That’s a move from a brand new Lambo to a 1999 Toyota Corolla; you can’t even afford a second-hand Prius.
PIXBY Cold staking is a protocol that rewards long term PXB holders.

The protocol will be created in a solidity smart contract that will imitate the logic of the business agreement, PIXBY Cold Staking is not associated with PoS or PoW. Stakeholders have no right to generate new blocks or confirm transactions.

The primary purpose is to secure your tokens and provide the ability to earn a 90% annual rate of interest.

Read More:https://t.co/fX9bX1qWuG

For More Details:

Website: https://pixby.io
Telegram: https://t.me/pixbytoken
Twitter: https://twitter.com/PixbyToken


#pixbytoken #pixby
PIXBY Cold staking is a protocol that rewards long term PXB holders.

The protocol will be created in a solidity smart contract that will imitate the logic of the business agreement, PIXBY Cold Staking is not associated with PoS or PoW.

Stakeholders have no right to generate new blocks or confirm transactions.

The primary purpose is to secure your tokens and provide the ability to earn a 90% annual rate of interest.

Read More:https://t.co/fX9bX1qWuG

For More Details:
Website: https://pixby.io
Telegram: https://t.me/pixbytoken
Twitter: https://twitter.com/PixbyToken

#pixbytoken #pixby
Pixby Escrow Service
__

When the end-user intializes an escrow transaction, his assets are locked in the smart contract.

Once the end-user confirms the freelancer's obligation are fulfilled, the end-user can release funds to the feelancer.

If a dispute occurs, the support team will resolve base on evidance provided by both parties.

Open dispute and lower fees reduce the cost of selling on the PIXBY app.

Want know more? Go to
website : https://pixby.io
Telegram group : @pixbytoken
Forwarded from DAO Maker News
Founders of Rekt

In 2018, a project called Cool Cousin, a tourism-centric dApp with a few thousand “cousins,” raised over $10M.

Another company, which also started as a tourism-centric app, also raised $10M. However, that was in its Series C after it had proven to have over 1 million monthly unique users. That company’s called Yelp.

Cool Cousin: Few thousand “Cousins” = $10M+ raise
Yelp: 1,000,000+ unique users = $10M raise

REKT Brougt to you by:
Itay Nagler CEO
Itamar Weizman COO
Gil Azrielant CTO
AmaZix Team

Today, CUZ can be sold at 0.01x on ForkDelta.
$200,000 investment in CUZ will be worth $2,000 today. But swapping your Lambo for a second-hand Prius won't be easy; it'd take 100 days to to make a sale on ForkDelta.
Forwarded from DAO Maker News
Social Mining has created a new DAO, powered by the ONE token.

DAO Maker, the creator of Social Mining, and Harmony have entered a strategic partnership. Harmony is a blockchain created for 10 billion people; it aims to be the infrastructure for smart cities, enabled by its unique state sharding technology.

ONE for all, and all for ONE.
Anyone can now become a Social Miner as long as he/she holds $100 worth of ONE tokens. Sign up on the *Harmony community dashboard.*

Grow Harmony’s ecosystem without restrictions.
- Create Content or Art
- Promote or Discuss on Social Media and Forums
- Discover Bugs
- Duild DApps
- Create Community-Sourced Projects (wallets, explorers, etc.)
- Source Business Development

Everything you do will be redeemable for ONE tokens.
The Harmony DAO is for the community, and by the community: all work done will be assessed and rewarded by community members, creating a truly decentralized growth mechanism for Harmony.

The community will carry Harmony to 10 billion people.
Forwarded from DAO Maker News
The age of IEOs seems to be coming to an end.

With the current altcoin bleed at record high, most plebs are now bag holders of exchange Tokens. 🥶

Many exchanges have already paused their IEO platforms officially, for others the news is yet to be announced. Huobi suspended their Prime Platform. Binance revived their community voting platform. Also a sign for pausing of IEOs. Okex were also supposed to announce the next one. Didn't happen yet.

People are calling 2019 a bull market, but from my experience in a bull market people are not REKT to the point the exchanges suspend their IEOs. To me, that feels more like the start of a down trend, at least for Alts.

What words would I use to describe the altcoin market?
- Overvalued
- Under delivered
- Scams
- Lack of cashflow
- Lack of value generation

Only innovation that came out of the alts are new ways to steal retailers' money in a globally unregulated market.
We don’t need regulations, we need capitulation.

And I think we are about to head into next stage of crypto: Capitulation of shitcoins.

But there is hope at the end of the tunnel; it’s called: Working products with cash flow to the token.
Those projects with real working products that can drive value into their digital economies will be the big winners of 2020.
Announcing the Battle of Nodes - an epic Testnet-as-a-Battleground event

In order to make Elrond a sustainable layer that will stand tall in the face of any challenge, we are building antifragility into its core. Right from the testnet phase we invite everyone to discover what it means to run a node, earn rewards, and put the network through a trial by fire so it will emerge stronger.

The Battle of Nodes will feature an adversarial environment where test node operators will be rewarded for securing the network and even more so for trying to attack it.

Some will attack. Some will secure. You might do both. How will you win?

$50,000 reward pool

Start here: https://battleofnodes.com
Forwarded from Bountyhive.io News
Greetings, Dear Bountyhive Community

💈 Having an address before creating an entry has been mandatory for quite some time now. Thanks to this, leftovers are not necessary anymore! (and therefore will not be supported)

⭐️ If you didn’t enter your wallet for a campaign this year, please make sure to do so before October 10th (last call) in order to be on the last batch, happening at the end of October!

Please make sure after entering you address you also submit a leftover request using the support widget. This is a clear requirement for everyone, not sumbitting a request for your profile results in you not being on the list.

Happy Bounty Hunting! 💰💰
Forwarded from DAO Maker News
Founders of Rekt

Here's a comparison of the capital raise of two messaging apps, one from the blockchain sector and the other from the traditional tech sector.

FortKnoxster: Few thousand downloads = $15M raise
WhatsApp: 50M active users = $8M raise

Despite raising over $15M, the founders had such great concern for their investors that the first listing happened over a year after ICO.

REKT Brought to you by:
Rasmus Christiansen CEO
Mickey Johnnysson CTO
Rene Krainert CFO
AmaZix Team

$200,000 in ICO tokens will today be worth $4,000, which is quick swap from a Lambo to a cool 18-year old Toyota Prius.