DexMining: All-Inclusive DexApp Crypto Mining Rewards Program?

Can we program a smart contract that rewards tokens to bitcoin miners who mine empty blocks?

A bitcoin transaction uses an estimated 20,000 times more energy than a VISA transaction. Bitcoiners have no desire to do anything about it and merely badmouth those who bring the issue up. Whether we like it or not, the value of cryptocurrencies increases by virtue of their dominance. Bitcoin derives a lot of its value from the fact that it's the largest cryptocurrency. The economic system of the future will be built around one cryptocurrency. It's likely going to be either Bitcoin or Ethereum.
Vitalik Buterin has spent years working on a solution that will allow us to move away from Proof of Work towards a truly energy efficient cryptocurrency. We now live in a window of opportunity, during which the world decides what protocol will become the dominant cryptocurrency. Will it be a protocol that uses 20,000 times more energy than a credit card transaction, or will it be a protocol that's truly intended to make the world a better place? At current growth rates, Bitcoin would consume all of the world's electricity by 2020. It's easy to laugh at this, but the worst case projections in 2016 estimated that by 2020, Bitcoin would use the energy consumed by Denmark. That didn't happen in 2020. It happened this year.
My suggestion is very simple: We have to maximize the chance that a cryptocurrency not based on Proof of Work will win this race for global domination. Ethereum is fine to me, for purely pragmatic concerns. Vitalik Buterin is a wise young man and the protocol he developed stands the best chance of dethroning Bitcoin, so I'm all in favor of using Ethereum for this goal.
To maximize the chances of Ethereum winning, we need the competition to lose. This might not be politically correct, but it's true nonetheless. Bitcoin's loss is our gain. To improve Ethereum's chances, it would be useful to find ways to harm Bitcoin. My suggestion is as following: Design a protocol that allows you to deliver a financial incentive to Bitcoin miners to mine (almost) empty blocks. Bitcoin's Achilles heel is its transaction capacity limit. When faced with an enemy, you need to hit the enemy where it hurts.
So my question is very simple: Does the Ethereum smart contract function allow us to design a decentralized protocol that distributes tokens to people who mine empty blocks? If we can create a financial incentive for empty block attacks against Bitcoin, empty blocks will follow, with a price decline as a consequence, triggering a positive feedback loop as people will try to cash out and Bitcoin begins to fall apart. The main problem I see right now is how we would go about giving the token value, which is why I am trying to get other people interested in my idea.
I am looking for people who are willing to help me develop this project. Who wants to help me?
submitted by moresourdough to ethereum [link] [comments]

Can we program a smart contract that rewards tokens to bitcoin miners who mine empty blocks?

A bitcoin transaction uses an estimated 20,000 times more energy than a VISA transaction. Bitcoiners have no desire to do anything about it and merely badmouth those who bring the issue up. Whether we like it or not, the value of cryptocurrencies increases by virtue of their dominance. Bitcoin derives a lot of its value from the fact that it's the largest cryptocurrency. The economic system of the future will be built around one cryptocurrency. It's likely going to be either Bitcoin or Ethereum.
Vitalik Buterin has spent years working on a solution that will allow us to move away from Proof of Work towards a truly energy efficient cryptocurrency. We now live in a window of opportunity, during which the world decides what protocol will become the dominant cryptocurrency. Will it be a protocol that uses 20,000 times more energy than a credit card transaction, or will it be a protocol that's truly intended to make the world a better place? At current growth rates, Bitcoin would consume all of the world's electricity by 2020. It's easy to laugh at this, but the worst case projections in 2016 estimated that by 2020, Bitcoin would use the energy consumed by Denmark. That didn't happen in 2020. It happened this year.
My suggestion is very simple: We have to maximize the chance that a cryptocurrency not based on Proof of Work will win this race for global domination. Ethereum is fine to me, for purely pragmatic concerns. Vitalik Buterin is a wise young man and the protocol he developed stands the best chance of dethroning Bitcoin, so I'm all in favor of using Ethereum for this goal.
To maximize the chances of Ethereum winning, we need the competition to lose. This might not be politically correct, but it's true nonetheless. Bitcoin's loss is our gain. To improve Ethereum's chances, it would be useful to find ways to harm Bitcoin. My suggestion is as following: Design a protocol that allows you to deliver a financial incentive to Bitcoin miners to mine (almost) empty blocks. Bitcoin's Achilles heel is its transaction capacity limit. When faced with an enemy, you need to hit the enemy where it hurts.
So my question is very simple: Does the Ethereum smart contract function allow us to design a decentralized protocol that distributes tokens to people who mine empty blocks? If we can create a financial incentive for empty block attacks against Bitcoin, empty blocks will follow, with a price decline as a consequence, triggering a positive feedback loop as people will try to cash out and Bitcoin begins to fall apart. The main problem I see right now is how we would go about giving the token value, which is why I am trying to get other people interested in my idea.
I am looking for people who are willing to help me develop this project. Who wants to help me?
submitted by moresourdough to CryptoMarkets [link] [comments]

BetFury Birthday Bounty campaign for 15 mln BFG ($235 000)

BetFury Birthday Bounty campaign for 15 mln BFG ($235 000)

https://preview.redd.it/stkz0d0avev51.png?width=1170&format=png&auto=webp&s=17b08679bee92a08e30b78fca3d6f953f6d2f9d6
All Betfurians are looking forward to the grand holiday. Very soon we will be celebrating the first year of our platform. To make this holiday memorable, we have created a Huge Bounty campaign for 15 mln BFG on BitcoinTalk! Prizes are waiting for you in all social networks: Twitter, Facebook, Instagram, TikTok, Telegram, YouTube, Reddit. More rewards for BitcoinTalk Signature & Articles in: Steemit, Reddit, Medium, Golos, Quora.
Everyone is invited! Hurry up to apply for participation faster than others! The number of participants for some campaigns is limited.
Start receiving Birthday gifts now:
  1. Join the official Telegram channel and Bounty chat
  2. Create an account at BetFury.io
  3. Fill out the spreadsheet. There is a separate Google form for each campaign. After you have filled out Google forms go to the General spreadsheet and find your data. If you find your name in the spreadsheet, publish a post in this thread confirming your participation.
  4. Follow the requirements of the selected campaign carefully, taking into account all the important points.
  5. Publish your Weekly Report in this thread every week until MONDAY UTC 23:59 The reports are checked on TUESDAY.
  6. Get BFG tokens and use it for your own pleasure: stake and get daily dividends, bid in auction to get crypto, play In-house games and hold to exchange in the future.
General Rules:
  1. Participants can’t change their BetFury account nickname after registration.
  2. Check twice your nickname before registering for the campaign.
  3. KYC is not required for the Bounty campaign.
  4. Multiple accounts, fraud and spam are not allowed. You will be immediately disqualified from the Bounty program. Please note that any offensive or inappropriate behavior will result in immediate disqualification from the campaign.
  5. @Manager_BetFury and the project team reserve the right to change the terms of the campaign at any time.
  6. The submission form for articles and videos will be closed 3 days before the end of the Bounty.
  7. Accounts with negative (red) trust are not allowed to participate in the Bounty.
  8. The budget can be reallocated between campaigns in case of a shortage of coins for payments in one of them.
  9. Please check all links in your Weekly Report a few times to make sure they actually lead to your articles, Tweets, Retweets, Posts, Reposts, comments, video. Payments to all members are made every 2 weeks to the internal BetFury wallet.
If you have any questions - write our Bounty manager in the Bounty chat.

Twitter

https://preview.redd.it/nokyv8sfvev51.png?width=1050&format=png&auto=webp&s=869505ccb1d3d1cfb586a7e3e4f295a27eb7cdb8
  • Subscribe to the official BetFury page on Twitter
  • Retweet posts using special hashtags
  • Create at least 2 Tweets about the BetFury project per week, mentioning @betfury_io
  • Retweet the bounty post every two weeks. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 70 BFG(TRX) + 70 BFG(BTC) 2 500+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Facebook

https://preview.redd.it/rxph2rbkvev51.png?width=1050&format=png&auto=webp&s=9ba357d1d2c6f2ee6e088e7099281b47756b2247
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 70 BFG(TRX) + 70 BFG(BTC) 2 500+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 3 000+ subscribers: $8 per week in tokens = 260 BFG(TRX) + 260 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Reddit

https://preview.redd.it/1on5zx5tvev51.png?width=1050&format=png&auto=webp&s=c4bde304f069d2ac5c9f713a1cfb10dfbe2f47e1
  • Subscribe to the BetFury official page on Reddit.
  • Make posts and write comments on a subreddit that is focused on cryptocurrency, blockchain, gambling, crypto faucets
  • Subreddits must have more than 500 subscribers.
  • Post/message length - at least 30 characters.
  • Your post/comment should link to BetFury.io
  • Repost the Bounty post every two weeks.
  • Don’t delete your posts/comments during this campaign.
  • Copy/paste and reposts of our posts in Reddit is prohibited. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:Posts:** 5+ posts: $3 per week in tokens = 95 BFG(TRX) + 95 BFG(BTC) 10+ posts: $6 per week in tokens = 195 BFG(TRX) + 195 BFG(BTC) **Comments:** 5+ comments: per week $2 in tokens = 65 BFG(TRX) +65 BFG(BTC) 10+ comments: per week $4 in tokens = 130 BFG(TRX) + 130 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Instagram

https://preview.redd.it/8z5bhrmvvev51.png?width=1050&format=png&auto=webp&s=545e49116efb20069f6452805610a7172b42453c
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 65 BFG(TRX) + 65 BFG(BTC) 1 000+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Telegram

https://preview.redd.it/8kqliimzvev51.png?width=1050&format=png&auto=webp&s=08969865c57fd41955d0c9d02d66a2645d44e19e
  • Change your Telegram name to “Your Name | BetFury Ambassador".
  • Replace your profile picture with your BetFury avatar.
  • Insert your referral link in the paragraph about “yourself”.
  • Write posts in other Telegram groups related to cryptocurrency, blockchain, gambling, crypto faucets. (max 2 messages per day).
  • You must remain in the Bounty group and keep the avatar, nickname and description till the end of the campaign to receive your reward. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Award:** $3 in tokens for the week = 95 BFG(TRX) + 95 BFG(BTC) *Monthly Bonus + Quarterly Bonus
**Do you own a Telegram group? Tell about BetFury in your Telegram group/Channel and earn! **Publish only 3 posts per week in your Group/Channel, that is focused on cryptocurrency, blockchain, gambling, crypto faucets. Posts must remain in the feed until the end of the Bounty campaign. A prerequisite is to make a post about the Bounty every two weeks. You can insert your referral link into the post.
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 65 BFG(TRX) + 65 BFG(BTC) 1 000+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

YouTube

https://preview.redd.it/ok2utip2wev51.png?width=1050&format=png&auto=webp&s=a5d5ac1540c7609a88c4f0c6733e1cb185fe05b5
Campaign rules
**Awards are determined according to the quality of the video:** High quality: $100 in tokens = 3 250 BFG(TRX) + 3 250 BFG(BTC) Excellent quality: $50 in tokens = 1,625 BFG(TRX) + 1,625 BFG(BTC) Normal quality: $20 in tokens = 650 BFG(TRX) + 650 BFG(BTC) *Quarterly Bonus

Tik Tok

https://preview.redd.it/k5o6ao35wev51.png?width=1050&format=png&auto=webp&s=89a2a51a80f42fdcecf7e16de8c943c73304640e
  • Shoot and upload a creative video on the topic of “Playing on BetFury is fun”. Use the raccoon Fury as a hero, game elements, gameplay.
  • Video length: min - 15 seconds, max 60 seconds.
  • Posts will only be accepted with special hashtags and mentioning u/betfury.io
  • Presentations and videos in the form of musical performances are accepted. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:** 100+ views: $1 in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ views: $3 in tokens = 95 BFG(TRX) + 95 BFG(BTC) 1 000+ views: $5 in tokens = 160 BFG(TRX) + 160 BFG(BTC) 5 000+ views: $10 in tokens = 325 BFG(TRX) + 325 BFG(BTC) *Quarterly Bonus

Blog & Article

https://preview.redd.it/m6j6uq77wev51.png?width=1050&format=png&auto=webp&s=d71fbdfff7cd27295e993eb758588ffc7eeaa2c2
  • Subscribe to the official BetFury page at Steemit.
  • Write an article / review / comparison / post about your BetFury experience on one of the selected topics below.
  • The work must be creative, original and unique.
  • You cannot delete your articles during the entire Bounty campaign.
  • Submit your article on Steemit, Reddit, Medium, Bitcointalk, Golos, Quora, or other publicly accessible sites. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards are determined according to the quality of the video:** Professional quality: $30 in tokens = 975 BFG(TRX) + 975 BFG(BTC) Excellent quality: $15 in tokens = 485 BFG(TRX) + 485 BFG(BTC) Normal quality: $5 in tokens = 160 BFG(TRX) + 160 BFG(BTC) *Quarterly Bonus

Signature

https://preview.redd.it/16tq2ffawev51.png?width=1050&format=png&auto=webp&s=69adb9940c106a5ef2ae9d811c875484f26129a5
  • Newbies cannot participate in the campaign (rank Newbie)
  • Keep our signature and avatar until the end of the campaign.
  • Create at least 15 high quality posts per week. Post length - at least 150 characters.
  • A minimum of 10 posts per week should be written in these sections: Gambling, Mining, Project development, Announcements (Altcoins), Micro Earnings.
  • Spam, trolling, cheating are prohibited.
  • Negative trust accounts are not allowed to participate in the campaign.
  • Copper member rank = Jr. Member rank. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
You can insert your referral link into this part of your signature code and get additional bonuses from participating in the campaign. Instruction
**Awards:** Jr Member: $2 per week in tokens = 75 BFG(TRX) + 75 BFG(BTC) Member: $5 per week in tokens = 165 BFG(TRX) + 165 BFG(BTC) Full Member: $10 per week in tokens = 325 BFG(TRX) + 325 BFG(BTC) Sr Member: $30 per week in tokens = 975 BFG(TRX) + 975 BFG(BTC) Hero and Legendary: $40 per week in tokens = 1300 BFG(TRX) + 1300 BFG(BTC)
The avatar is here. Signatures are here. *Monthly Bonus + Quarterly Bonus
*Topics for YouTube videos, articles / reviews / comparisons / posts:
  • What makes BetFury unique? The main advantages of the platform.
  • Features of mining at BetFury. Opportunities and prospects for BFG token holders.
  • Comparison with other projects in the field of gambling.
  • Acquaintance with the BetFury platform: how to enter, deposit/withdraw, placing bets in In-house games and slots, mining and staking BFG token.
  • Promotional campaigns and contests on BetFury: current events / personal experience of participation / accrual of winnings / withdrawal of funds.
  • BetFury: advantages over traditional games.
  • How does the dividend system and cashback work at BetFury?
  • Games at BetFury:In-house, Slots, Table Games, Live Games.
  • Ability to place bets on BetFury: TRX, USDT, BTT, BFG, SUN, BTC + dividends pools.
  • BetFury benefits: Min bet, Daily tasks, Jackpots, Cashback, Dividends, Rank system.
https://preview.redd.it/62k9m4acwev51.png?width=1050&format=png&auto=webp&s=e9713351d53b13c6a176f37024fd55ae2a41d681
Check *Monthly Bonus & Quarterly Bonus in the rules of each campaign on BitcoinTalk.
There will be enough gifts for everyone! Call your friends and participate together to share the fun of this holiday.
____________________________________________________________________________________________________________
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io
submitted by BetFury_io to u/BetFury_io [link] [comments]

I read that the amount of BTC released every month is halved every four years. who decided that originally? and who is writing the code to make that happen?

How could one person decide that?
submitted by Greenbargo to BitcoinBeginners [link] [comments]

Behold! The Revain Widget Partner Program 2.0!

Behold! The Revain Widget Partner Program 2.0!
https://preview.redd.it/8bnshkjkn8u51.jpg?width=1800&format=pjpg&auto=webp&s=dbdb6510daecbc4189cc0a530de212bd195cca90
Invite crypto companies to install Revain Widget and receive substantial rewards from us as a result of your work. If you get a company to install the widget, you will receive the following rewards per each company:
• Companies from the TOP-5 of coinmarketcap.com or coingecko.com — 10.000 RVN.
• Crypto projects, Crypto wallets, Blockchain games, Bitcoin mining pools, Crypto exchanges, Crypto cards, Crypto casinos, Cryptocurrency Trainings & Courses — 15 RVN .
• If you managed to attract 20 companies during one month, then you will receive 100 RVN.
1RVN ≈ 1 USDT
Learn More
submitted by mPrestige to revain_org [link] [comments]

HEX is basically a scam, a pyramid scheme

HEX is a cryptocurrency token built on Ethereum that promises infinity rewards for staking. In the official website, it says:
HEX IS NOT A PONZI.
Yes, I agree. It's not a Ponzi scam. It's a Pyramid scam.
In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network.
That's basically minting value out of thin air. Wow, maybe HEX has an angel backing it that loves to give away free money.
There are no middlemen or managers in HEX. HEX rewards are dynamic like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become. HEX puts you in charge!
The funds in traditional banks can give interest because they use it to provide loans for businesses. Without anything of that sort, how the hell can HEX continue to provide "high interests"?
It's totally a Pyramid Scheme. It works by giving people a false hope that their money is going up in value. But they can't withdraw it as it is locked up.
It can go up and up by making stupid people believe the balance sheet they see in their portfolio is what they will get. It's basically utilizing the greed of people with the lure of more money without actually giving more money.
All the new money or interest is generated from inflation. It works by getting more people to buy it with referral programs. But when enough idiots of brought it, there won't be any more losers to refer to.
Hence, the pyramid will collapse.
submitted by littleboy0k to CryptoCurrency [link] [comments]

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have.
Tokenomics
The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system.
XYM Supply and Inflation
XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.
Proof of Stake
POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the Symbol whitepaper.
Nodes
Node operators all over the world keep the Symbol protocol robust and decentralized. For keeping the system running, node owners earn rewards from four sources.
Node operators can set up their nodes locally or on cloud services. For details on how to set up a node, refer to the developer documentation.
Block Rewards
Since Symbol’s blocks are confirmed several times per minute, rewards are frequent. Block rewards consist of inflation rewards and transaction fees. The chances of earning a block reward are based mainly on the operator’s XYM stake, as well as other factors like network activity. Both node operators and anyone else with a XYM wallet can earn block rewards.
The higher an account’s XYM balance, the higher the chance of it earning a block reward. Even those who don’t run a node can earn block rewards by delegating their stake to a node.
Delegated Harvesting
XYM owners who don’t operate nodes can also earn block rewards by delegating their stake to a node. Holders who delegate their stake retain full ownership of their coins and never expose their private keys. No funds have ever been lost from delegated harvesting. When delegated harvesters earn a block reward, the node operator who processed it earns 25% and the delegated harvester earns 75%. In this way, a node operator can greatly increase their earned rewards, and all holders can participate in rewards whether or not they run a node.
Transaction Fees
Node operators can set their own minimum fees for which they wish to process transactions. The lower the fees accepted, the more transactions they will be able to process. Generous node operators may even choose to process transactions for free if they wish. This creates competition among node operators.
Node Bonus Program
In order to incentivize stability in the number of nodes and circulating supply after launch, bonus rewards will be paid to node operators who maintain nodes with minimum balances of 1 million, 2 million, or 3 million XYM, with higher bonus rates for each tier. These rewards will draw from a fixed pool of reserves and gradually ramp down over six years.
Total Node Income
To summarize, node operators will earn income from block rewards (inflation + transaction fees) based on their own stakes and a 25% share of delegated stake block rewards. Estimates place these combined node rewards at approximately 5% or 6% for the first year, though this is not guaranteed. Operators can also earn bonuses for maintaining minimum stakes of over 1 million XYM.
Inflation Rate
Symbol’s inflation is mapped to bitcoin’s inflation with one difference. Bitcoin halves its rewards every four years. Symbol also drops its reward rate by half every four years, but instead of a single big drop, these reductions are spaced out to occur every quarter. This gives the same overall inflation as bitcoin, but with a more gradual decline.
Team Reserves
The Symbol Core Team will hold approximately 22% of XYM supply for funding future development, marketing, and partner projects. Historically, Core Team funds have not been used for harvesting and there are no plans to begin, meaning more block rewards available for other harvesters.
https://symbolplatform.com/
submitted by waterbottles4 to nem [link] [comments]

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have.
Tokenomics
The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system.
XYM Supply and Inflation
XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.
Proof of Stake
POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the Symbol whitepaper.
Nodes
Node operators all over the world keep the Symbol protocol robust and decentralized. For keeping the system running, node owners earn rewards from four sources.
Node operators can set up their nodes locally or on cloud services. For details on how to set up a node, refer to the developer documentation.
Block Rewards
Since Symbol’s blocks are confirmed several times per minute, rewards are frequent. Block rewards consist of inflation rewards and transaction fees. The chances of earning a block reward are based mainly on the operator’s XYM stake, as well as other factors like network activity. Both node operators and anyone else with a XYM wallet can earn block rewards.
The higher an account’s XYM balance, the higher the chance of it earning a block reward. Even those who don’t run a node can earn block rewards by delegating their stake to a node.
Delegated Harvesting
XYM owners who don’t operate nodes can also earn block rewards by delegating their stake to a node. Holders who delegate their stake retain full ownership of their coins and never expose their private keys. No funds have ever been lost from delegated harvesting. When delegated harvesters earn a block reward, the node operator who processed it earns 25% and the delegated harvester earns 75%. In this way, a node operator can greatly increase their earned rewards, and all holders can participate in rewards whether or not they run a node.
Transaction Fees
Node operators can set their own minimum fees for which they wish to process transactions. The lower the fees accepted, the more transactions they will be able to process. Generous node operators may even choose to process transactions for free if they wish. This creates competition among node operators.
Node Bonus Program
In order to incentivize stability in the number of nodes and circulating supply after launch, bonus rewards will be paid to node operators who maintain nodes with minimum balances of 1 million, 2 million, or 3 million XYM, with higher bonus rates for each tier. These rewards will draw from a fixed pool of reserves and gradually ramp down over six years.
Total Node Income
To summarize, node operators will earn income from block rewards (inflation + transaction fees) based on their own stakes and a 25% share of delegated stake block rewards. Estimates place these combined node rewards at approximately 5% or 6% for the first year, though this is not guaranteed. Operators can also earn bonuses for maintaining minimum stakes of over 1 million XYM.
Inflation Rate
Symbol’s inflation is mapped to bitcoin’s inflation with one difference. Bitcoin halves its rewards every four years. Symbol also drops its reward rate by half every four years, but instead of a single big drop, these reductions are spaced out to occur every quarter. This gives the same overall inflation as bitcoin, but with a more gradual decline.
Team Reserves
The Symbol Core Team will hold approximately 22% of XYM supply for funding future development, marketing, and partner projects. Historically, Core Team funds have not been used for harvesting and there are no plans to begin, meaning more block rewards available for other harvesters.
https://symbolplatform.com/
submitted by waterbottles4 to ico [link] [comments]

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have.
Tokenomics
The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system.
XYM Supply and Inflation
XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.
Proof of Stake
POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the Symbol whitepaper.
Nodes
Node operators all over the world keep the Symbol protocol robust and decentralized. For keeping the system running, node owners earn rewards from four sources.
Node operators can set up their nodes locally or on cloud services. For details on how to set up a node, refer to the developer documentation.
Block Rewards
Since Symbol’s blocks are confirmed several times per minute, rewards are frequent. Block rewards consist of inflation rewards and transaction fees. The chances of earning a block reward are based mainly on the operator’s XYM stake, as well as other factors like network activity. Both node operators and anyone else with a XYM wallet can earn block rewards.
The higher an account’s XYM balance, the higher the chance of it earning a block reward. Even those who don’t run a node can earn block rewards by delegating their stake to a node.
Delegated Harvesting
XYM owners who don’t operate nodes can also earn block rewards by delegating their stake to a node. Holders who delegate their stake retain full ownership of their coins and never expose their private keys. No funds have ever been lost from delegated harvesting. When delegated harvesters earn a block reward, the node operator who processed it earns 25% and the delegated harvester earns 75%. In this way, a node operator can greatly increase their earned rewards, and all holders can participate in rewards whether or not they run a node.
Transaction Fees
Node operators can set their own minimum fees for which they wish to process transactions. The lower the fees accepted, the more transactions they will be able to process. Generous node operators may even choose to process transactions for free if they wish. This creates competition among node operators.
Node Bonus Program
In order to incentivize stability in the number of nodes and circulating supply after launch, bonus rewards will be paid to node operators who maintain nodes with minimum balances of 1 million, 2 million, or 3 million XYM, with higher bonus rates for each tier. These rewards will draw from a fixed pool of reserves and gradually ramp down over six years.
Total Node Income
To summarize, node operators will earn income from block rewards (inflation + transaction fees) based on their own stakes and a 25% share of delegated stake block rewards. Estimates place these combined node rewards at approximately 5% or 6% for the first year, though this is not guaranteed. Operators can also earn bonuses for maintaining minimum stakes of over 1 million XYM.
Inflation Rate
Symbol’s inflation is mapped to bitcoin’s inflation with one difference. Bitcoin halves its rewards every four years. Symbol also drops its reward rate by half every four years, but instead of a single big drop, these reductions are spaced out to occur every quarter. This gives the same overall inflation as bitcoin, but with a more gradual decline.
Team Reserves
The Symbol Core Team will hold approximately 22% of XYM supply for funding future development, marketing, and partner projects. Historically, Core Team funds have not been used for harvesting and there are no plans to begin, meaning more block rewards available for other harvesters.
https://symbolplatform.com/
submitted by waterbottles4 to CryptoICO [link] [comments]

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have.
Tokenomics
The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system.
XYM Supply and Inflation
XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.
Proof of Stake
POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the Symbol whitepaper.
Nodes
Node operators all over the world keep the Symbol protocol robust and decentralized. For keeping the system running, node owners earn rewards from four sources.
Node operators can set up their nodes locally or on cloud services. For details on how to set up a node, refer to the developer documentation.
Block Rewards
Since Symbol’s blocks are confirmed several times per minute, rewards are frequent. Block rewards consist of inflation rewards and transaction fees. The chances of earning a block reward are based mainly on the operator’s XYM stake, as well as other factors like network activity. Both node operators and anyone else with a XYM wallet can earn block rewards.
The higher an account’s XYM balance, the higher the chance of it earning a block reward. Even those who don’t run a node can earn block rewards by delegating their stake to a node.
Delegated Harvesting
XYM owners who don’t operate nodes can also earn block rewards by delegating their stake to a node. Holders who delegate their stake retain full ownership of their coins and never expose their private keys. No funds have ever been lost from delegated harvesting. When delegated harvesters earn a block reward, the node operator who processed it earns 25% and the delegated harvester earns 75%. In this way, a node operator can greatly increase their earned rewards, and all holders can participate in rewards whether or not they run a node.
Transaction Fees
Node operators can set their own minimum fees for which they wish to process transactions. The lower the fees accepted, the more transactions they will be able to process. Generous node operators may even choose to process transactions for free if they wish. This creates competition among node operators.
Node Bonus Program
In order to incentivize stability in the number of nodes and circulating supply after launch, bonus rewards will be paid to node operators who maintain nodes with minimum balances of 1 million, 2 million, or 3 million XYM, with higher bonus rates for each tier. These rewards will draw from a fixed pool of reserves and gradually ramp down over six years.
Total Node Income
To summarize, node operators will earn income from block rewards (inflation + transaction fees) based on their own stakes and a 25% share of delegated stake block rewards. Estimates place these combined node rewards at approximately 5% or 6% for the first year, though this is not guaranteed. Operators can also earn bonuses for maintaining minimum stakes of over 1 million XYM.
Inflation Rate
Symbol’s inflation is mapped to bitcoin’s inflation with one difference. Bitcoin halves its rewards every four years. Symbol also drops its reward rate by half every four years, but instead of a single big drop, these reductions are spaced out to occur every quarter. This gives the same overall inflation as bitcoin, but with a more gradual decline.
Team Reserves
The Symbol Core Team will hold approximately 22% of XYM supply for funding future development, marketing, and partner projects. Historically, Core Team funds have not been used for harvesting and there are no plans to begin, meaning more block rewards available for other harvesters.
https://symbolplatform.com/
submitted by waterbottles4 to CryptoICONews [link] [comments]

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have.
Tokenomics
The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system.
XYM Supply and Inflation
XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.
Proof of Stake
POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the Symbol whitepaper.
Nodes
Node operators all over the world keep the Symbol protocol robust and decentralized. For keeping the system running, node owners earn rewards from four sources.
Node operators can set up their nodes locally or on cloud services. For details on how to set up a node, refer to the developer documentation.
Block Rewards
Since Symbol’s blocks are confirmed several times per minute, rewards are frequent. Block rewards consist of inflation rewards and transaction fees. The chances of earning a block reward are based mainly on the operator’s XYM stake, as well as other factors like network activity. Both node operators and anyone else with a XYM wallet can earn block rewards.
The higher an account’s XYM balance, the higher the chance of it earning a block reward. Even those who don’t run a node can earn block rewards by delegating their stake to a node.
Delegated Harvesting
XYM owners who don’t operate nodes can also earn block rewards by delegating their stake to a node. Holders who delegate their stake retain full ownership of their coins and never expose their private keys. No funds have ever been lost from delegated harvesting. When delegated harvesters earn a block reward, the node operator who processed it earns 25% and the delegated harvester earns 75%. In this way, a node operator can greatly increase their earned rewards, and all holders can participate in rewards whether or not they run a node.
Transaction Fees
Node operators can set their own minimum fees for which they wish to process transactions. The lower the fees accepted, the more transactions they will be able to process. Generous node operators may even choose to process transactions for free if they wish. This creates competition among node operators.
Node Bonus Program
In order to incentivize stability in the number of nodes and circulating supply after launch, bonus rewards will be paid to node operators who maintain nodes with minimum balances of 1 million, 2 million, or 3 million XYM, with higher bonus rates for each tier. These rewards will draw from a fixed pool of reserves and gradually ramp down over six years.
Total Node Income
To summarize, node operators will earn income from block rewards (inflation + transaction fees) based on their own stakes and a 25% share of delegated stake block rewards. Estimates place these combined node rewards at approximately 5% or 6% for the first year, though this is not guaranteed. Operators can also earn bonuses for maintaining minimum stakes of over 1 million XYM.
Inflation Rate
Symbol’s inflation is mapped to bitcoin’s inflation with one difference. Bitcoin halves its rewards every four years. Symbol also drops its reward rate by half every four years, but instead of a single big drop, these reductions are spaced out to occur every quarter. This gives the same overall inflation as bitcoin, but with a more gradual decline.
Team Reserves
The Symbol Core Team will hold approximately 22% of XYM supply for funding future development, marketing, and partner projects. Historically, Core Team funds have not been used for harvesting and there are no plans to begin, meaning more block rewards available for other harvesters.
https://symbolplatform.com/
submitted by waterbottles4 to ICOAnalysis [link] [comments]

Updated list of Global Beermoney opportunities (+180!) - June 2020

Updated list of Global Beermoney opportunities (+180!) - June 2020

Introduction

The current, and now previous, Beermoney Global list started nearly 5 years ago. It’s been updated and has grown over all that time, but it also became a hassle to keep current. It was time to build a new list from scratch based on my experience in the Beermoney world over all these years and all the contributions all of you have been making in this sub.
The lists consist of opportunities that are available in at least one country that is not the US. This means there are sites which only work in Canada or the UK. There’s sites which are open to the whole world, but this does not mean everyone can really earn something on it. It’s all still very demographic and therefore location dependent. This list should give you a starting point to try out and find what works for you. I’m not using everything myself as I prefer to focus on a few, so not all are tested by me. They are found in this sub, other subreddits and other resources where people claim to have success.
I’ve chosen the format of a simple table with the bare minimum of information to keep things clean. It includes a link, how you earn, personal payment proof if available and sign-up bonus codes if applicable. Some of these bonuses are also one-time use codes specifically made for this sub! For the ones I don’t have payment proof (yet) feel free to provide some as a comment or via modmail so others know it’s legit. I am working on detailed instructions for each method that I personally use which will include things like cashout minimum, cashout options, tips & tricks,... For now I’ve split things up based on the type of earning like passive or mobile. Because of this there’s sometimes an overlap as some are both passive and on mobile or both earning crypto and a GPT (Get Paid To) website.
The lists are obviously not complete so I invite you to keep posting new ones in the sub, as a comment to this post, or in modmail. Especially if you have sites or apps which work for one single specific country I can start building a list, just like I did for The Netherlands and Belgium. If you recognize things which are in fact scams or not worth it let me know as well.

Beermoney opportunities

Get Paid To (Surveys, tasks, offers, videos, clicking links, play games, searching)
Register here How to earn Payment proof Sign-up bonus code
ySense - The best global site Surveys, tasks, offers, videos Paypal, Paypal /
PrizeRebel Surveys, tasks, offers, videos Paypal, Paypal Enter code 'beermoneyglobal'
SerpClix Google searching Paypal, Paypal /
Swagbucks & SwagButton Surveys, tasks, offers, videos, shopping & cashback, games, apps Paypal /
GG2U Surveys, tasks, offers, videos Paypal $1.00 if register here
Keep Rewarding Surveys, tasks, offers, videos, PTC Pending $0.25 if register here
Ebesucher Surfing, reading mails Bank transfer /
Reward XP Surveys, tasks, offers, videos Paypal $0.50 if register here
Gain.gg Surveys, tasks, offers, videos Paypal $0.10 if register here
Timebucks Surveys, tasks, offers, videos, Tik Tok, Shopping Bitcoin $1.00 if register here
GamerMine Surveys, offers, videos, tasks, Pending $1.00 if register here
Gamehag Tasks, offers, play games, post on forum, writing Pending /
BTCSurveys Surveys Pending /
FruitLab Watch & upload video game clips Pending 100 pips if register here
Clickworker Transcripts, tasks, UHRS (categorizing), surveys Paypal /
FreeSkins Surveys, offers, tasks, videos Pending 100 coins if register here
iRazoo Games, surveys, videos, offers, apps Pending Enter code 'AK7DB2' for 500 points when signing up
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Blockreward Apps, surveys, videos, tasks, offers Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
PaidViewPoint Surveys Paypal /
GrabPoints Suverys, videos, offers, games, apps Pending 500 points if register here
RewardingWays Surveys, offers, tasks, videos, contests Pending $0.20 if register here
SuperPay Surveys, offers, tasks, videos, contests Pending $0.20 if register here
InstaGC Surveys, tasks, videos, apps Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Idle-Empire Surveys, offers, videos, mining, apps, games Pending 500 points if register here
PicoWorkers Tasks, games, apps Pending /
ViewFruit Surveys Pending /
Mobrog (change language if needed) Surveys Pending /
Surveytime Surveys Pending /
Giveaway Pros Offers, videos Pending /
SEO Sprint (Russian, use Google Translate) Tasks Pending /
Earnhoney Surveys, tasks, offers, videos Pending /
Toluna Surveys Pending /
Spidermetrix Surveys Pending /
BeerSurveys Surveys, tasks, offers Pending /
CrowdHolding Co-create with startups Pending /
Diaworkers Tasks Pending /
Presearch Search & Earn Pending /
Univox Community Surveys Pending /
YouGov Surveys Pending /
Spare5 Tasks Paypal /
Rewardia Surveys, polls, games, videos, puzzles, trivia Pending 3000 points extra (when you earn 3000 points) if register here
Earnably Surveys, tasks, offers, videos Pending /
Neevo Tasks Pending /
Rakuten Insight (country specific links) Surveys Pending /
The Panel Station Surveys Pending /
Remotasks Tasks Pending /
Pureprofile Surveys Pending /
UserCrowd Tasks PayPal /
Sruvey Village Surveys Pending /
InboxDollars/InboxPounds Surveys, offers, videos, shopping Pending /
Qmee Surveys Pending /
MicroWorkers Tasks Pending /
Cinchbucks Surveys, offers, tasks, videos Pending /
Rewards1 Suverys, videos, offers, games, apps, polls, contests Pending /
Vindale Surveys Pending /
PointClub Surveys Pending /
TGM Panel Surveys Pending /
PaidPoints Tasks, offers, traffic exchange, ad clicking Pending /
RapidWorkers Tasks Pending /
AnyTask Sell your skills Pending /
Bounty0x Tasks Pending /
Opinion World Surveys Pending /
Lifepoints Surveys Pending /
HiveMicro Tasks, transcribing, categorizing Pending /
Passive (desktop & mobile)
Register here How to earn Payment proof Sign-up bonus code
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal, Paypal $5.00 if register here
FluidStack Desktop bandwith sharing (Linux needed) Paypal /
PacketStream Desktop bandwith sharing Paypal /
LoadTeam CPU power sharing Pending $0.20 if register here
Gener8 Browser extension Pending 10 tokens if register here
Kryptex Crypto mining Bitcoin /
Ebesucher Surfing, reading mails Bank transfer /
Honeyminer Mining Pending 1000 satoshis if register here
LazyBucks Rent out your Facebook account Pending /
HideoutTV and link to Reward XP to cashout Videos Paypal /
Honey Discounts & Cashback / 500 Honey Gold if register here
Fitplay Games Pending $0.33 if register here
Mistplay Games Pending /
Money SMS Receive SMS Pending /
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
SMS Profit Net Receive SMS Pending /
Simcash Send SMS [risky] Pending /
Cash4sms Send [risky] & receive SMS Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
Phoneum Games, mining Pending /
Crypto (faucets, mining, GPT)
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AdBTC Click ads, active window surfing, autosurfing Pending /
Faucetpay Faucet Wallet, exchange, offers, tasks, trading Pending /
Faucet Crypto Faucet, ads clicking, offers, shortlinks Pending /
More Money Faucet, ads clicking, offers, shortlinks Pending /
Kryptex Crypto mining Pending /
Quicrypto Surveys, tasks, offers, games, videos Pending /
Coinpot Faucet Bitcoin /
Honeyminer Mining Pending 1000 satoshis if register here
BitShark Faucet, games Pending /
Publish0x Read & write articles Pending /
Starbits Faucet (need FaucetPay account) Pending /
Coinpayu Ads clicking, videos, offers Pending /
BTCSurveys Surveys Pending /
Blockreward Apps, surveys, videos Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
Coinbase Crypto sign-up bonuses Bank transfer See links in thread
LBRY.tv Watch videos Pending /
Pi Network Crypto mining Pending (see here) To join you need a referral link
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Phoneum Games, mining Pending /
Mobile
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal $5.00 if register here
Google Opinion Rewards Surveys Play Store credit /
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AppKarma Games, quizes, surveys Pending Enter code 'Proim' for 300 points when signing up
CashKarma Surveys, offers, games Pending Enter code 'Proim' for 300 points when signing up
Cash Alarm Games Pending Receive 25% of my earnings if register here
Cash Magnet Games, offers, tasks, videos Pending /
AttaPoll Surveys Pending /
ClipClaps Videos, games, raffles PayPall $1.00 & Diamond Chest if register here
Quicrypto Surveys, tasks, offers, games, videos Pending /
Poll Pay Surveys Pending $0.30 if using code '4CS6L4SQ8D' when signing up
BuzzBreak Read news, videos, offers, surveys Pending Enter code 'B06472489' when signing up
Userlytics Software testing Pending /
WowApp Games, offers, surveys, videos, chat, phone unlock, calling, cashback, shopping cashback, browsing, news reading Pending /
CuriousCat Surveys Pending /
Quickthoughts Surveys Pending /
Fitplay Games Pending $0.33 if register here
TV-Two Make Money Apps, games, Youtube, browsing Pending 555 credits if register here
Mistplay Games Pending /
FeaturePoints Suveys, offers, apps, cashback Pending 50 points if register here
Money SMS Receive SMS Pending /
BIGtoken Suveys, location sharing, social media account Pending Use code 'GMGALLOIA'
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
Pi Network Crypto mining Pending (see here) To join you need a referral link
Roamler Mystery shopping Pending /
SMS Profit Net Receive SMS Pending /
Streetbees Surveys, tasks, create videos, take pictures Pending Enter code '6115GF' when signing up
Simcash Send SMS [risky] Pending /
VoxPopMe Video feedback Pending /
Cash4sms Send [risky] & receive SMS Pending /
Citizen Me Surveys Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Phoneum Games, mining Pending /
Research
Register here How to earn Payment proof Sign-up bonus code
Respondent Interviews, research, surveys Pending /
Prolific Surveys, research Paypal /
User testing
Register here How to earn Payment proof Sign-up bonus code
TestingTime Software testing Paypal /
uTest Software testing Pending /
PingPong Software testing Pending /
TryMyUI Software/UI testing Pending /
Testbirds Software/UI testing Pending /
Pulselabs Voice app testing Pending /
PlaytestCloud Game testing Pending /
Userlytics Software testing Pending /
Investing (revenue share)
Register here How to earn Payment proof Sign-up bonus code
PaidVerts Ad clicking, offers, revenue sharing Bitcoin /
MyTrafficValue Games, investing PayPal /
Selling (designs on merchandise, skills/gigs)
Register here How to earn Payment proof Sign-up bonus code
Fiverr Sell your skills Pending 20% off on first purchase if register here
Redbubble Sell your designs Pending /
Zeerk Sell your skills Pending /
TeePublic Sell your designs Pending /
Teespring Sell your designs Pending /
Transcribing/Translating
Register here How to earn Payment proof Sign-up bonus code
Rev Transcribing, captioning, foreign subtitles Pending /
Gotranscript Transcribing, translating captioning, foreign subtitles Pending /
TranscribeMe Transcribing, translating, data annotation Pending /
Unbabel Translating Pending /
Others
Register here How to earn Payment proof Sign-up bonus code
Wealthy Affiliate Learn affiliate marketing Pending /
Brave Brows internet Pending /
Andromo Develop apps Pending /
The Netherlands specific
For The Netherlands there are a few very good options next to a bunch of ‘spaarprogramma’s. There ‘spaarprogramma’s are all the same where you receive and click a bunch of e-mails, advertisements, banners,... I advise you to create a separate e-mail address or use a good filter in your inbox as you will be spammed to death. I believe they can be a nice piece of beermoney but they take quite the effort.
Register here How to earn Payment proof Sign-up bonus code
Euroclix Surveys, shopping & cashback, offers, energy/internet providers Bank transfer €1.95 if register here
StemPunt Surveys Gift cards 500 points if register here
Cashback XL Shopping cashback, health insurance discount Bank transfer /
Scoupy Shopping cashback, free products Pending /
Cashback Korting Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Lady Cashback Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Enqueteclub Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Snel Verdienen Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.50 if register here
Spaar Actief Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Klik Je Zakgeld Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Zinngeld Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €0.10 if register here
My Clics Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Direct Verdiend Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.00 if register here
Spaar4Cash Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Qassa Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending /
My Flavours Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Cash Ze Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Geld Race Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
iPay Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Double Points Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.00 if register here
Mailbeurs Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Qlics Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Centmail Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Extra Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Gekken Goud Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Dutch Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Nu Cash Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register
Snel Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Cash Hier Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
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24/7 Discount Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending /
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Belgium specific
Register here How to earn Payment proof Sign-up bonus code
Buffl Surveys Gift cards /

Sign-up bonuses

The one-time sign-up bonus programs are still to be found here. If you find a new one let me know so I can create the post to keep all the ref links together.

Saving money

Although it’s not really about making money online, it’s still nice to save some money as well when shopping online.
Register here How to earn Payment proof Sign-up bonus code
Honey Discounts & Cashback / 500 Honey Gold if register here
G2A Game keys / /
Kinguin Game keys / /
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Other subs & resources

submitted by Proim to beermoneyglobal [link] [comments]

Behold! The Revain Widget Partner Program 2.0!

Behold! The Revain Widget Partner Program 2.0!
https://preview.redd.it/ysjfmcwvxnu51.jpg?width=1800&format=pjpg&auto=webp&s=49913ae031b14125c88610a35c91b2208009c944
Invite crypto companies to install Revain Widget and receive substantial rewards from us as a result of your work. If you get a company to install the widget, you will receive the following rewards per each company:
• Companies from the TOP-5 of coinmarketcap.com or coingecko.com — 10.000 RVN.
• Crypto projects, Crypto wallets, Blockchain games, Bitcoin mining pools, Crypto exchanges, Crypto cards, Crypto casinos, Cryptocurrency Trainings & Courses — 15 RVN.
• If you managed to attract 20 companies during one month, then you will receive 100 RVN.
1RVN ≈ 1 USDT
Learn More
submitted by mPrestige to cryptogiveaways [link] [comments]

Behold! The Revain Widget Partner Program 2.0!

Behold! The Revain Widget Partner Program 2.0!
https://preview.redd.it/igq5lbrbvnu51.jpg?width=1800&format=pjpg&auto=webp&s=5c69ee2b74a4ad3829d24e754d21de21f8a79abe
Invite crypto companies to install Revain Widget and receive substantial rewards from us as a result of your work. If you get a company to install the widget, you will receive the following rewards per each company:
• Companies from the TOP-5 of coinmarketcap.com or coingecko.com — 10.000 RVN.
• Crypto projects, Crypto wallets, Blockchain games, Bitcoin mining pools, Crypto exchanges, Crypto cards, Crypto casinos, Cryptocurrency Trainings & Courses — 15 RVN .
• If you managed to attract 20 companies during one month, then you will receive 100 RVN.
1RVN ≈ 1 USDT
Learn More
submitted by mPrestige to CryptoAirdrop [link] [comments]

7 Ways to Earn LTC/Litecoin ASAP

Earning free Litecoin works similarly to earning free Bitcoin. There are several online platforms that give users free Litecoins for performing small tasks or playing online games.
Let’s explore some of the most popular ways to get free Litecoin.

Earn free Litecoin through reputable faucets

The easiest and most popular way to earn free Litecoin is through a Litecoin faucet. A faucet is a website or an application that gives users free crypto coins for completing simple tasks. These tasks are usually easy tasks like completing some captchas, viewing adverts, or playing simple games.
After completing the microtasks, the faucet will reward you with a small amount of Litecoin (Lithoshi). Litoshi is the smallest unit of Litecoin and 1 Lithoshi is equivalent to 0.000000001 Litecoin.
There are various Litecoin faucets out there, many of them being scam faucets. Before you choose a faucet platform, make sure it’s legit. Here, we will highlight a few of the most popular and reputable ones.
It is safe to mention that you should only register on faucets that integrate micro-wallets like Coinpot. Micro-wallets allow you to collect and combine faucet payments easily.

Litecoin Faucet

Just like the previously mentioned faucet, Litecoin Faucet also allows users to earn free Litecoin by solving captchas. You can earn as much as 2,500,000 Litoshis every hour with no daily limitation on the platform.
The unique feature of Litecoin Faucet is that there is no withdrawal limit. Therefore, you can withdraw any amount of Litecoin.
Faucets are sure ways of earning free Litecoin, but you have to be very careful not to fall victim to scams. Before registering on any faucet, look out for the following:
Online reviews to know if it is legit or scam.
Coinpot or Faucethub micro — wallet integration for easy withdrawal.
Deposit before withdrawal feature — This is a typical feature of scam faucets. Faucets are supposed to be free ways to earn Litecoin without any down payment.
Earnings per hour — earnings from faucets are usually small. If a faucet promises an incredible amount of Litecoin, it is probably a scam or total waste of time.
Litecoins earnings from faucets are usually really small. If your earning expectations are high, this might not be the best option for you. There are more lucrative and legit ways to earn free Litecoin. Read on to learn about the other ways to get free Litecoin.

Litecoin cloud mining

Litecoin mining is one of the oldest ways to get free Litecoin. In recent times, earning profits from Litecoin mining can be a major hassle simply because of the cost of setting up the mining device, the cost of electricity, and many other factors.
With the introduction of cloud mining, you can earn free Litecoin without the headaches involved in setting up mining kits. You can find lots of free Litecoin cloud mining contracts online.
All you need to do is download the software on your device to start earning. These software work by using your device’s memory to generate the Litecoin. Which means the more powerful your device, the more free Litecoin you can earn.
However, some of these free Litecoin software contains malicious scripts that can compromise your security by stealing your data. You should only download mining software with great online reviews.
Back when LTC started, it was possible to mine with a standard computer’s CPU or GPU. Unfortunately, as coins grow in both age and popularity, it becomes harder and harder to mine with low-cost equipment. The days of easy mining are over, but that doesn’t mean you still can’t profit from LTC mining.
There are three ways to begin your LTC mining adventure:
Solo mining
Part of a mining pool
Cloud mining

Litecoin lending

Litecoin lending is one of the most lucrative ways to obtain free Litecoin. You can make money by purchasing some Litecoin and lending others on lending platforms.
Lending platforms like Coinloan.io allow you to make as much as 10.5% ROI by lending your LTC. It means if you lend 100 LTC, you earn free 10.5 LTC within a year without doing anything.
By lending your Litecoin, you are making your money work for you. All you need is a trusted and secure lending platform to start earning free Litecoin with this method.

Wager your Litecoin

Another way to get free Litecoin is by wagering your Litecoin. Gambling is not the best way to earn free Litecoin because 70% of gamblers tend to lose more than what they earn.
No doubt that some people have actually managed to become rich through gambling, this, however, is very rare. So if you are a big risk-taker or you really love gambling, Litecoin gambling is one way to earn free Litecoin.
Crypto gambling websites like fortunejack.com, bitstarz.com, and kingbillycasino.com allow you to wager your Litecoin on various casino games. Crypto gambling is probably the riskiest way to earn free Litecoin, and it is not for the faint-hearted.

Invest In Litecoin​

If you’re looking to invest in Litecoin, it’s important to remember that Litecoin is a currency. This means it doesn’t act like a stock or bond. Instead of buying shares of Litecoin, you are swapping your currency for Litecoin currency.
For example, 1 LTC is equal to about $47 USD today. The goal is for the value of Litecoin to rise, in which case, you could exchange your Litecoins back to dollars (from someone willing to do the exchange).​

Referral Links for Crypto Exchanges

This one is good for those out there with friends that are also crypto savvy. Various exchanges offer affiliate programs where you get paid out for inviting your friends and colleagues onto their platform.
Exchanges like Coinbase offer a one time payment when a new person joins their platform while others like Cryptmixer, for example, gives its members an impressive 50% of the revenue from the new clients they bring in. You can also use their exchange to swap the Bitcoin you receive to Litecoin, making it a great way to earn LTC.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

WaykiChain (WICC) Monthly Report (September 2020)

WaykiChain (WICC) Monthly Report (September 2020)

https://preview.redd.it/nnuhfz6q01t51.png?width=700&format=png&auto=webp&s=15ce35581f2ebad02af140180f5a8b1fe7931f00
Technology & Products
Public Chain Development
· WASM AMPL contract debugging (100%)
· Research on WASM zero-knowledge proof anonymous transfer (50%)
· WASM Sushi contract coding (100%)
· WASM RPC iOS asynchronous library commissioning (100%)
· Verification of the signature push public key algorithm and testing its codability (C++, go) through RPC (100%)
· The new lock-up airdrop contract function: lock-up users can claim the unlocked assets by entering RegID (100%)
· Porting ASWAP contract to public chain 3.0, adding platform fee processing (100%)
· Optimization of Yield Farming contract reward distribution (100%)
· Optimization of Yield Farming contract penalty distribution mechanism (100%)
· Yield Farming contract testing (100%)
· Deployment and initial configuration of WICC and WGRT yield farming contracts and Wayki-X contract completed (100%)
· Ownership of issuance and transfer rights of the bottom-level token ROG transferred to Wayki-X contract (100%)
· The initial generation of ROG completed. 10.08M ROG entered the WICC pool, 2.52M ROG entered the WGRT pool (100%)
· The first 189,000 ROG was minted in Wayki-X contract for rewards by inflation (12.6M × 1.5%) (100%)
· Transfer of 70,000 ROG to AEX for Ecosystem Yield Farming completed (100%)
· WASM developer documentation: added detailed WASM table (Simplified Chinese) (100%)
· WASM developer documentation: added call of multiple contracts and multisignature transactions in WASM contract (Simplified Chinese) (100%)
Application Development
· Yield Farming back end API (100%)
· Yield Farming front end page optimization (100%)
· Yield Farming front end localization (100%)
· Yield Farming pre-release initial API docking (100%)
· Yield Farming application testing (100%)
· Yield Farming application release (100%)
· xUSD & ROG added to Instant in WaykiTimes Android (100%)
· Memory leak issue fixed in Instant in WaykiTimes (100%)
· Data loading error when swiping in Discover fixed in WaykiTimes (100%)
· Data display optimized in Getting Started in WaykiTimes
· UI debugging of several pages in WaykiTimes (100%)
· WaykiTimes 3.0.4 released (100%)
· WaykiTimes Help Center released (100%)
· WaykiTimes Getting Started released (100%)
· WaykiTimes remember password function released (100%)
· WaykiTimes iOS App Store version tested (100%)
· Google crash analysis and testing added to WaykiTimes Android (100%)
· Solved the data loading issue when swiping in Wayki-X Synths (100%)
· Wayki-X price feed delay fixed (100%)
· Amount issue in the plug-in wallet fixed (100%)
· Display error of release contract type of universal transactions fixed on the blockchain explorer (100%)
· WASM contract display specifications for the blockchain explorer completed (100%)
· Development of the Coinbase integration project (wicc-rosetta-api) (85%)
Plan for October
Public Chain Development
· Research on WASM zero-knowledge proof anonymous transfer
· Correction of ASWAP contract proof of liquidity token generation rules
· ASWAP contract testing
· Docking of ASWAP contract with third parties
· Continuous updating of coind RPC interface documentation
Application Development
· Trade — transaction details HTML5 page to native page transfer in WaykiTimes
· Development of the Coinbase integration project (wicc-rosetta-api)
Market
International Market
· On September 4, Russian volunteers opened the second WaykiChain Russian group in Telegram: https://t.me/waykichainrussian.
· On September 6, WaykiChain opened the official community in Discord: https://discord.gg/XyAkqa.
· On September 6, WaykiChain CTO Richard Chen was invited to the Blockchain + Innovative Service and Industrial Application Conference and the China Chamber of International Commerce Blockchain Innovation Service Industry Committee Establishment Conference as a member of the expert group.
· On September 11, the famous US blockchain TV program Exploring the Block tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 11, the famous business platform Yahoo Finance released WaykiChain project information and announced that WaykiChain CEO Gordon Gao gives an interview to NASDAQ MarketSite’s Jane King on September 12.
· At 7:00 PM EDT on September 12, world’s largest financial channel Bloomberg TV reported that WaykiChain CEO Gordon Gao was interviewed by Jane King of NASDAQ MarketSite. The interview aired on Fox Business Network at 10:30 PM EDT on September 14.
· On September 12, cryptocurrency Twitter account Crypto Catalog tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 13, DeFi List added WaykiChain governance token WGRT.
· On September 13, WaykiChain reached market cooperation with the Indian blockchain influencer Gmadvice who started to serve as WaykiChain community manager in India.
· On September 16, WaykiChain released “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance” on Twitter. Up to September 21, the news hit 2,400+ retweets.
· On September 17, the cryptocurrency influencer DeFi List retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 18, WaykiChain reached strategic market cooperation with the Korean crypto influencer Pantera who will help WaykiChain establish a broad and strong consensus in Korea.
· On September 19, “WaykiChain Dual-pool ROG Yield Farming Korean Group” community established.
· On September 20, the influencer Crypto Wendy retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 21, 130+ Korean media outlets published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool for ROG Genesis Issuance”.
· On September 23, WaykiChain co-founder and CEO Gordon Gao was invited to an AMA session with ICO Pantera Group, Korea’s top Telegram group (stats by u/combot), where he shared his insights into DeFi with 4,000+ Korean users and introduced WaykiChain’s ROG Genesis Yield Farming.
· On September 24, WaykiChain tweeted “ROG Genesis Yield Farming FAQ” and “Leave your question/problem toward WaykiTimes/Wayki-X/ROG Genesis Yield Farming in the Google forms below to share 800 WICC Giveaway!”, the number of engagements is 1,500+.
· On September 24, WaykiChain global partner Vincent Lionheart was invited to an AMA session to D’va Community.
· On September 24, The Business Telegraph, Bitcoin Garden, and other media published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool”.
· On September 24, WaykiChain tweeted the ROG Genesis Yield Farming Countdown. The news hit 1,000+ retweets.
· On September 25, ROG Genesis Yield Farming news was the day’s hit in Korea with 5,000+ views on Korean cryptocurrency forums.
National Market
· On September 1, CoinTiger listed WaykiChain governance token WGRT and opened the WGRT/USDT pair. WGRT net buy & hold competition started and the CoinTiger community joined a series of WGRT-themed challenges.
· On September 1, WaykiChain governance token WGRT successfully mapped to Ethereum and ERC-20 WGRT was created. The world’s largest DEX Uniswap officially supported it and listed the WGRT/USDT pair.
· On September 2, WaykiChain Strategic Analyst Jing Tao gave the speech “WGRT Dragon, Fly, Tiger, and Leap: Community Governance Upstart” to the MXC community and distributed 3 gold bars to the event participants.
· On September 7, WaykiChain Strategy Analyst Jing Tao attended [This Is Coin Coffee] live DeFi contest co-sponsored by Coinka, fogwu.com, and tuoniaox.com. WEDEX founder & CEO, Loopring co-founder Chen Xiaoliang and ChainNews Research Director Pan Zhixiong joined the event.
· On September 9, Gate.io selected WaykiChain governance token WGRT for the Listing Vote. Each voter had a chance to share an airdrop of 420,875.43 WGRT. WGRT passed the voting with 53,293,775 votes and was successfully listed on Gate.io.
· On September 10, WGRT/USDT trading pair and WGRT withdrawals opened on Gate.io.
· On September 10, WaykiChain released WaykiChain Governance Token WGRT Information and Addresses. The team announced that before July 1, 2021, WGRT circulating supply will be strictly controlled at 10% of the total supply, or 2.1 billion.
· On September 9 to 11, WaykiChain was invited to IoT World China & 5G China along with 400+ exhibitors including Huawei, Baidu, and Tencent. WaykiChain demonstrated the integrated public chain DeFi ecosystem that will help China’s digital construction.
· On September 11, WaykiChain Strategy Analyst Jing Tao was invited to the Bepal community and shared the speech “WaykiChain Governance Token WGRT: Accumulation and Breakout”. WaykiChain airdropped 3,000 WGRT and cash red envelopes to the Bepal community members.
· On September 12, WaykiChain Technology & Development Manager Yuanhang Xiao and Strategy Analyst Jing Tao introduced [New WaykiChain DeFi Product: Decentralized Synthetic Asset Issuance Protocol Wayki-X] in the official WaykiChain yizhibo account. During the live broadcast, WaykiChain distributed pure gold bars and branded gifts to lucky users.
· On September 13, WaykiChain co-founder & CEO Gordon Gao and Overseas Director Qiyuan Mei shared the speech “WaykiChain Opens the Era of Integrated DeFi Public Chains” in the Gate.io live broadcast room. Gate.io CPO Jiuer was the broadcast host. The guests explained WaykiChain’s DeFi strategy and revealed the launch of Yield Farming.
· On September 15, WaykiChain CEO Gordon Gao and BTC38 co-founder Tianwei Huang held the live stream titled “Eight Questions to Explain DeFi Trends and Opportunities” in yizhibo. The hosts analyzed the status and trends of DeFi, discussed DeFi deployment by public chains and exchanges, and new opportunities in synthetic asset trading. WaykiChain distributed pure gold bars and branded gifts to lucky viewers of the stream.
· On September 16, WaykiChain Strategy Analyst Jing Tao shared the speech titled “WaykiChain’s Integrated DeFi Ecosystem Layout” as the guest of btcmoney.cc.
· On September 18, Bying community invited WaykiChain Strategy Analyst Jing Tao to share the speech “New DeFi Opportunity: Phoenix Yield Farming”. WaykiChain held a WICC airdrop for Bying community members.
· On September 18, WaykiChain published the article “No Pre-mining, ICO, or Reserve! WaykiChain Launches Dual-pool Phoenix Yield Farming”.
· On September 19, WaykiChain published the article “Chapter 1. The Financial Innovation of Blockchain Reformation. The Origin, Logic, and Value of WaykiChain ROG” introducing the background of ROG, the operation mechanism of the decentralized synthetic asset system Wayki-X, and the value foundation of ROG in detail.
· On September 23, “No Pre-mining, ICO, or Reserve! WaykiChain ROG Genesis Farming and Early Release Guide” was released across Chinese media.
· On September 24, WaykiChain CEO Gordon Gao, CTO Richard Chen, and CPO Xi Zhang held a joint live stream on yizhibo explaining the future planning of WaykiChain decentralized synthetic asset issuance protocol Wayki-X, ROG, and WaykiChain DeFi in terms of business model, technology, and products. WaykiChain distributed 1 pure gold bar and 6 branded gifts to the lucky stream viewers.
· On September 24, Gate.io and WaykiChain launched the WGRT Investment Competition. The prizes are a BMW G 310 R motorcycle, a 13” MacBook Pro, a 10.2” iPad, 17 pure gold bars and 99,000 WGRT.
· On September 25, various Chinese media released “Wayki-X 101: WaykiChain Decentralized Synthetic Asset Protocol” introducing the functions and mechanism of the decentralized synthetic asset issuance protocol Wayki-X and the value of its token ROG in detail.
· On September 25, WaykiChain launched the “Looking for the Genesis Prophet” community event. The winners received 10 branded gifts.
· On September 25, WaykiChain ROG Genesis Yield Farming launched. WICC and WGRT pool quotas (5 million and 25 million, respectively) were full within just one hour.
· On September 25, WaykiChain reached ecosystem partnership with AEX. AEX became the first platform to join ROG Ecosystem Yield Farming.
· On September 25, WaykiChain partnered with Bying wallet. ROG Genesis Yield Farming is available in Bying wallet.
· On September 26, ROG, the main token of WaykiChain’s decentralized synthetic asset issuance protocol Wayki-X, was listed on AEX. ROG/USDT trading pair is available.
· On September 26, WaykiChain CEO Gordon Gao gave lectures “DeFi Financial Principles and Commercial Applications” and “DeFi Industry Panoramic Scan” at The First Offline Practical Training Camp of Hash Power University, Shanghai Station. Participants included Ontology founder Jun Li, Chainlink Labs — China Head Philip Fei, Digital Renaissance Foundation Managing Director Cao Yin, and Waterdrip Capital founding partner Zheng Yushan.
· On September 28, WaykiChain co-founder and CEO Gordon Gao was a guest at Hash Power Knowledge Base Private Meeting, Shenzhen Station where he shared the speech titled “Feasible Ways of DeFi Application Popularization”. Other guests included Ontology founder Jun Li, DeBank founder and CEO Tang Hongbo, and Huobi Research Chief Technical Researcher Tianyuan Ma.
submitted by Waykichain to WICCProject [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

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