Bitcoin price slips despite golden crossover (current BTC/USD price is $9,287.35)

Latest Bitcoin News:

Bitcoin price slips despite golden crossover

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain

---

The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.

Where should a beginner who wants to invest and trade start?

Ok so i know what bitcoin is, I have read almost all the stuff in wiki pages for bit coin. Still, I have no knowledge of technical analysis, when to buy, how much to buy and such questions..would you plz guide me towards any resource or page for developing a comprehensive understanding for trading?

AMA Tracker

Question: Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Answer: There are not country restrictions for nodes. But there are country restictions for who Kava the company can sell tokens to and remain compliant based on laws and regulations. Anyone can hold Kava, anyone can run a Node. We just can't sell directly to some people which is unfortunate. While we have issues selling directly to Russia, partners like Binance do not. In addition, we have partners like P2P.org that run validators for the Russian communities. (I highly recommend them btw!)

Question: 2. According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation? We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

Answer: Kava is both inflationary with block rewards, but defelationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Question: 3. In your alocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

"Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.

No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future."

Question: 4. Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

Answer: We believe Kava is the foundation for many futurue defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with eachother. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Question: 5. There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

Answer: This is a good **Question: . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Question: 6. Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

"**Question: KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?** "

Answer: Yes, there is no max supply of Kava.

Question: Why Kava?

Answer: because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Question: How do you plan to make liquidity in Kava?

Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Question: Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Question: How do I become a note validator on KavA?

Answer: The basic requirement for a node is nothing really. But in order to earn block rewards you must be a node with the top 100 KAVA by weighted stake at a given time. If you are looking for technical specs, I suggest you check out the Cosmos FAQ for a guide. https://cosmos.network/docs/cosmos-hub/validators/validator-faq.html

Question: It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Question: Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Question: What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heding risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

"**Question: Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

** "

Answer: Q1A) With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counter party. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Question: Wonder how KAVA will compete with the tech giants

Answer: Q2A) Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Question: In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

"Answer: Q3) Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.

With our multicollateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.

However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between eachother using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available."

Question: In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Question: Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Question: The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

"Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.

We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can."

Question: Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

"**Question: Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?** "

"Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.

Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets."

Question: In order to be success in Loan project of Cryptocureency, I think marketing is very important to make people using this service without any regist. What is main strategy for marketing?

Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Question: Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors ?

Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Question: Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Question: KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Question: As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs? @stanpress @a1choi @brianhkerr

Answer: Esports no. But having been a multi-time venture-backed founder/CEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Question: Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Question: Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Question: In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply? @stanpress @a1choi @brianhkerr

Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Question: How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing ?

Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Question: How do you explain your project to a random person who has never heard of your project?

Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.

Question: crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies

Answer: Will KAVA team have a plan on implementing DAO module on your platform since its effiency on autonomy, decentralization and transparency?

Question: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Answer: how to use usdx token :only for your platform or you have plan to use usdx for payment ?

Question: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Answer: Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

Question: We are already across many continents - I dont think we are in antartica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Answer: Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound ?

Question: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Answer: Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token? What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

Question: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Answer: How did Kava get on Piexgo?

Question: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Answer: Why was the 1st round price so much lower than the current price

Question: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.

Answer: About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.

Question: By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.

Answer: Fast forward to today, the IEO price simply reflects the traction and marekt demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addtion, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Question: What is the treasury used for?

Answer: Kava's treasury is for ecosystem growth activities.

Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future. **

**Question: Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

"Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn blockrewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.

When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.

KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.

Lastly, Kava functions as a """"Lender of Last Resort"""" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.** "

*Question: 1. No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.). Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here. In this regard, the following *Question: . Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.**

**Question: 2. Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

"Answer: Kava is coffee to you. Kava is Hippopatamus to Japanese. Cava is a region in Spain Kava is also a root that is used in tea which makes your mouth numb. Kava is also crow in Hindi. Kava last but not least is a DeFi platform launching on Binance :)

We liked the sound of Kava it was as simple as that. It doesnt have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price** "

**Question: 3. What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for asmall loan?

Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.**

**Question: 4. Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

"Answer: 1. Yes we have several large exchanges willing to support USDX from the start. Binance/Binance DEX is one you should all know ;)

2. The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.** "

**Question: 5. Why should i use and choose Kava's loan if i can use the similar margin trade on Binance? Thank you for the explanation

Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.**

**Question: 6. The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

"Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.

About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.

By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.

Fast forward to today, the IEO price simply reflects the traction and marekt demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addtion, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be fromthe overall market conditions or fellow IEO users not due private sale investors or team sell-offs.** "

In the short term, KAVA will finally be made available to everyone. Anyone can own part of the this decentralized "central bank" of crypto that we are building and own a piece of it.

[Daily Discussion] Saturday, May 23, 2020

Thread topics include, but are not limited to:

• General discussion related to the day's events
• Technical analysis, trading ideas & strategies
• Quick questions that do not warrant a separate post

Thread guidelines:

• Be excellent to each other.
• Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

• Get an invite to live chat on our Slack group
• Set your flair to trade pretend money in the Flair Game
• Weekly threads: Newbie Mondays and Fundamentals Fridays
• Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Saturday, May 23, 2020

Thread topics include, but are not limited to:

• Discussion related to recent events
• Technical analysis, trading ideas & strategies
• General questions about altcoins

Thread guidelines:

• Be excellent to each other.
• All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
• This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
• No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:

• Get an invite to live chat on our Slack group and check out the #altcoins channel
• Daily Discussion for bitcoin only: Daily Discussion
• Prior Altcoin Discussion: Altcoin Discussion

Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move (current BTC/USD price is $9,242.09)

Latest Bitcoin News:

Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain

---

The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.

HealthyBTC

​

In the #Bitcoin community, we have a saying ''Not your keys, not your Bitcoin'' events like this make you wonder why the #Gold community don't have a ''Not your vault, not your Gold'' saying too 😁

Source: ft.com

Bitcoin mixers see increased usage from darknet entities (current BTC/USD price is $9,162.14)

Latest Bitcoin News:

Bitcoin mixers see increased usage from darknet entities

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain

---

The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.

Crypto.com MCO Visa card: 10% cashback on groceries + 1-5% on other purchases + $50 bonus

I've rewritten my guide completely :)

Crypto.com is now finally shipping their MCO Visa cards in UK & EU! I have received my card this week and immediately got 10% cashback when trying it at Lidl: https://imgur.com/a/ITB39JX

I'm very enthousiastic about Crypto.com myself and all the products they offer. I'll try to explain here as clearly as I can.

I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/r/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below).

What is Crypto.com?

Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users.

Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.

The MCO Visa card

Through their app Crypto.com also offers the MCO Visa card. This is a Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:

• a metal card (except the free tier)
• no monthly fees
• $50 bonus when applying for the card (except the free tier), which you can cash out immediately
• Cashback up to 5% on all purchases made with the card (realistically up to 3%)
• 100% cashback on Spotify each month (all except free tier)
• 100% cashback on Netflix each month (3rd tier and up)
• Free access to airport lounges with the higher tiers
• Now till the end of June: 10% cashback at Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)

All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want.

To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around £4,45 / €5,00, meaning that you have to lock £223 / €250 for six months to get the Ruby Steel card. You'll earn this back in about 7 months (see below),

These are the lower three card tiers:

Card Tier	Midnight Blue	Ruby Steel	Jade Green/Royal Indigo
Stake (hold)	None (free card)	50 MCO (~ £223 / €250)	500 MCO (~ £2230 / €2500)
Bonus after staking	None	$50 (in MCO)	$50 (in MCO)
Cashback %	1%	2%	3%
Monthly Spotify Rebate	No	Yes	Yes
Monthly Netflix Rebate	No	No	Yes
LoungeKey Airport Lounge Access	No	No	Yes
Metal card	No	Yes	Yes

Calculation example payback time (7 months)

Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of £1000 / €1000 monthly with the card and that you use Spotify. After 7 months you will have earned back your initial investment :)

But, additionally you also have the 10% cashback on groceries until the end of June plus the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of £112 / € 225 (see below about price expectation).

​

	Value
$50 bonus immediately after staking	£40 / €46
2% cashback on all purchases with the card (assuming montly spend of £1000 / €1000 during 7 months)	£140 / €140
Spotify rebate (£10 / €10 per month)	£70 / €70
Total	£250 / €256

MCO price

The price of the MCO coin has been around £4,50 / €5 for a while. The cards have just been released for UK and EU. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins).

No guarantees, this is my personal opinion :) I advise you to think about it yourself.

Notes

• You can easily top up your MCO Visa card with pound / euros using a credit/debit card without any fees.
• All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for pounds or euros. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
• SEPA Euro bank transfers in and out of your Crypto.com account are available now, but GBP bank transfers are not possible right now since they're switching providers. It should be possible again the end of next month.
• If you want to upgrade to a higher card level, the costs are £/€ 50 (unless your card hasn't shipped yet)
• If you want to cancel your card you pay £/€ 50, but only if there is still any money left unspent on the card.
• If you don't use your card for 12 months, an inactivity fee of £/€ 5 per month will be charged if you have available balance on your card.
• Full conditions for the card: https://crypto.com/document/eu_card
• Their support department is currently quite overwhelmed so it can take a few days before you get any response.
• Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!

What's the situation with Bitcoin in Singapore?

Was thinking of asking in r/Singapore but then came across this sub.

I am finally reading up a little more about investing etc and was curious/wanted to learn a little more about bitcoin. More specifically, I hit a snag trying to find reviews on Bitcoin exchanges in Singapore. I managed to find a reddit post a year ago on the topic but highly suspect it's outdated (don't think Cryptaw even exist now?). Not too sure if there are updated posts/articles around?

Thanks!

Bitcoin, Gold Post Strikingly Similar Bearish Moves as Cash Demand Rises (current BTC/USD price is $9,094.54)

Latest Bitcoin News:

Bitcoin, Gold Post Strikingly Similar Bearish Moves as Cash Demand Rises

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain

---

The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.

Hybrix Review In English

​

Introduction { #Hybrix #Hy }

Concerning give back once again in these days using an additional particularly sensible in addition to very good go combined with a whole lot researching created and even When I decided to pass on to help you almost everyone, We work you will acquire taken in with it during the wake with checking out thinking about this executing. By just and by just I must no stranger to a person all the folks creating a point, these are typically collecting about younger-looking specialists located within a focal point within the Netherlands on the middle of that blockchain 'network ' for Utrecht, we've been strong during the blockchain picture right from the start and are decent practitioners associated with it has the main prices. they're just cooperating to increase necessary to resist together with collateral of the Cyberspace along with, in this fashion, the offered truth of the matter. Any unique within the group has got singular proficiency, likely with cryptocurrency that will advertise and additionally via exchanging so that you can cultural corporation. Along with these produce blend, a good compounded enjoy, which will vanquish the issues of the international imbalance on line. That which is the following related to? Resist panicking, nor freeze out. Concerns "Hybrix".

Hybrix PLATFORM OVERVIEW

Hybrix is mostly an in a big way detailed disseminated position state to prepare together with manage digital categories of serious truly worth change, interlinking other sorts of decentralized models. The item provides the case of recently broken down inbreed strategy for placements inside complex track record advancements along with elective financial systems. This Hybrix circle goes because of a selection of decentralized hubs and even invests a large amount of concentration on hand.

A great deal more? You will source that benefit to help prospect in opening all building regarding the business deal: so that you can unreservedly relocate worth on no matter what time and even nevertheless apparently meet, for frequently external or maybe state-of-the-art composition. Prior to when the starting point in Bitcoin, deals from the internet got reach completely might depend on taken alongside one another skin foundations completing since confided for outsiders so that you can course of action electric payments. All these organizations viably make out seeing that protects pertaining to a lot of these money economies, constraining any ability in alternate. Bitcoin viewed to grant far more prospects as a result of unexpectedly getting a way to get a listing (ie. debit balance), along with the other benefit from reputable, brief plus easiness deals. Hybrix offers an effective way to interconnect almost all history improvements, therefore, maintain and even improve one's own possibility about the return.

STAGE With HYBRIX PLATFORM

Typically the HY token stands out as the technique people deliver. HY expects in the form of the symbol for these individuals to help you encourage standardization by the approving of the directly to associate with in accordance with any DLT. HY runs at the 2nd-level grudging instrument which can transact profile systems throughout one of these DLTs. Any DLT might be instrumental in transactions. It again allows the superiority connected with users typically the finest-suited journal technique.

​

TEAM & MEMBER

https://preview.redd.it/eg701swh4a051.jpg?width=640&format=pjpg&auto=webp&s=7177604378f7480e77bdc5729dc649dd14b15254

Any impinge on this let us examine out frosty could be the company's squad fans and also guide. From each business, any team can be just as vital because of the counselor and critical. A good number of it has come in relies on in terms of the company's TV. Lots of cycles we could ensure many knockoffs team creates a lot of business campaigns and even you will have to get in which stages of development as well as which ones are actually fiddle entertaining the idea of. In the event you investigation The search engines in accordance with the found yourself in a commitment of the team devotee, you should obtain your hands pertaining to his or her information when all the hint out and about standoffish is normally accurate later on you should in a natural way have got to imagine that the actual team members really are sociable-feel plus the corporation will be 100% dependable. Now you can see we customers considering the bank account sedated.

TOKEN

​

https://preview.redd.it/agsvywwj4a051.jpg?width=640&format=pjpg&auto=webp&s=72e2b2ff7c238653c422a68d758e7405fb335cf3

A portion from the recessionarydepletion shape about 21 years of age million bridal parties (in lieu of Bitcoin) could be confined. We'll be desperate to turn you into a system of the environment which usually Hybrix assures. It can be bought here and signify hybrix even as have interaction so that everyone's overall flexibility to transfer diversity.

There may an abundance so that you can discover right from this circle, even if from diverse relationships, for example how to correspond, We want you to study.

Handel Of Social Site Bellow

Website: https://hybrix.io/
Whitepaper: https://hybrix.io/docs/papers
Discord: https://discord.gg/WbDfAWb
Twitter: https://twitter.com/hybrix_io
Telegram: https://t.me/hybrix_io
Wallet: https://api.hybrix.io/help/web-wallet
Bitcointalk Username: CryptoboyRamesh
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2749610
Eth Address: 0x139bff051f821f781c643ac8b7eb7f3e7ebbf4f7

[uncensored-r/BitcoinMarkets] [Daily Discussion] Friday, May 22, 2020

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ BitcoinMarkets/comments/goc8cl

The original post's content was as follows:

---

Thread topics include, but are not limited to:

• General discussion related to the day's events
• Technical analysis, trading ideas & strategies
• Quick questions that do not warrant a separate post

Thread guidelines:

• Be excellent to each other.
• Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

• Get an invite to live chat on our Slack group
• Set your flair to trade pretend money in the Flair Game
• Weekly threads: Newbie Mondays and Fundamentals Fridays
• Altcoins Discussion: Altcoin Discussion

Built my first bitcoin full node on raspberry pi4 running mynodebtc following btcsessions (how to run a bitcoin node) guide on youtube. Easy setup for noobs *like me. Learning as i go..

https://i.redd.it/tgllg8k6b8051.jpg