Saturday, May 29, 2021

It was so obvious in the hindsight

The Coinbase IPO was the most obvious top in Bitcoin's history.

massive euphoria peak mainstream coverage months of green candles sell the news event

I feel absolutely retarded for not selling back then.

Maybe I'm stupid enough to actually deserve that crash.


What is MoonXBT? How can deposit, withdraw and trade margin on MoonXBT Exchange

1USDT open position. 0.05% handling fee. The world’s first “light contract” trading platform- MoonXBT

With the Covid-19 epidemic sweeping through the world, an economic downturn has appeared around the globe. Since March 2020, the amount of money printed in various countries has caught up with the total amount of money printed in the 5000-year history of civilization before 2008, which led to the largest inflation in history. What was particularly shocking was the fact that Bitcoin reached $58,000 from $4,800 in 2020 (as of May 2021), rising ten times in one year.In the first half of 2021, the global encrypted digital assets and their trading markets usher in a new period of active liquidity. With the infrastructure of the encrypted digital asset industry improving rapidly, the gradual enrichment of trading categories, and more and more traditional trading investors entering the market, derivative financial products and tools led by contract trading have gained more value utilization space, making contract trading services in the cryptocurrency market become an indispensable part in the trading system.For traders, there is no doubt that contract transactions with a two-way trading mechanism and high leverage are like adrenaline, hedge against the risk of spot price declines and high-risk investments is the best choice of mainstream contract traders.

General Info

The world’s first encrypted digital currency “light contract” platform  - MoonXBTTo help traders quickly and conveniently conduct contract transactions based on encrypted digital currencies, MoonXBT appeared in 2021 as a new generation of the leading encrypted digital light contract platform in the world.

What is MoonXBT?

As a global service-oriented cryptocurrency light contract (LC, Light Contract) platform, MoonXBT is committed to providing investors with a light, efficient and convenient contract trading environment. Headquartered in the Cayman Islands, MoonXBT has offices in many regions around the world, including Singapore, Hong Kong, Malaysia, South Korea, Japan, Vietnam, etc. MoonXBT has the world’s top contract development team and bank-level secure transaction system.

“Some people believe concision cannot reflect their own sophistication and intelligence, but you deliberately make things complicated and obscure by appearing knowledgeable, from my perspective, people like this are often not knowledgeable, and they can’t be counted as real scholars. Those who explain complex things in a simple and easy-to-understand way are real wise people.” — -famous entrepreneur and philosopher Kazuo Inamori in the world.

A bunch of platforms, at present, their trading process and trading scenarios are rather complicated. After registering an account, the service can only be opened after lengthy rule interpretation, multiple authentication and cumbersome evaluation. When entering the contract trading page, you can see various indicators or analysis tools such as funding rate, liquidation line, mark price, counterparty price, etc., which is too much for novice users to pay attention to the line marks that making traders in a dilemma.

“Whether it is the cumbersome clause mechanism or the intricate financial transaction process, they are all ‘obstacles’ that disrupt consumers’ decision-making, but they do not exist in MoonXBT.” When MoonXBT was launched, the founder Jett mentioned that “transactions should be simple and comfortable, and making contract transactions light and convenient is the corporate vision of MoonXBT.”

Light trading process and simple operation interface are one of the advantages of MoonXBT light contract trading platform. Traders can start to trade after successfully one-step registered. In the process of trading, you may mainly use “margin” “leverage,” “buy and sell positions”,which three key operations can help you to complete the order transaction.

Advantages of MoonXBT

1. Fair and reasonable pricesThe behavior of illegally obtaining personal benefits by maliciously manipulating transaction prices is something that every trader does not want to see or experience. Such abnormal delivery fluctuations can lead to forced liquidation, forming an unfair and opaque trading environment, letting the interests of investors suffer from great losses. To reduce the possibility of malicious manipulation of the contract market, MoonXBT anchors the best price in the spot market in real-time, based on spot prices on multiple leading exchanges around the world. Unlike other platforms, MoonXBT provides two types of candle lines. You can toggle between the ASK or BID K lines in the trading screen, which will make it easier for traders to study price trends and make trades at the best time. Using a weighted average of ASK and BID lines reached the final price. In other words, you trade in the global market on MoonXBT platform.2. Up to 150-fold flexible leverageLeveraged transactions in the spot market generally provide 1 to 5-fold leverages. Traders need to use a certain amount of credit or mortgage to finance the currency, and pay the interest on time, and then trade long or short. According to demand, a trader can flexibly adjust after opening a position, when price changing smaller, a trader can use leverage to raise investment, like throwing a sprat to catch a herring, accelerating capital growth. The leverage ratio of 1:150 is equivalent to use 1BTC to leverage 150BTC, and the profit increases by 150 times. What is more, the platform provides a flexible gradient margin function to ensure the best trading experience for traders.How to use the 150-fold leverage?1:150 of leveraged Bitcoin/USD trading example (currently, Bitcoin is about to break $60,000)For example, a trader intends to buy 10 bitcoins at $6,000 each. It typically costs $60,000 to open such a trade on a traditional exchange. However, with 150-fold leverage, an order can be traded for only 1.5% of $60,000, or $900. If the price of Bitcoin rises by 10%, a trader can still get the same gain of $60,000 by selling 10 Bitcoin, but the required principal is greatly reduced.

https://preview.redd.it/rjyzb1omu6271.png?width=525&format=png&auto=webp&s=b6b54bfc1a5f4c385c802ae01f3a3747f7184833

(Pic — MoonXBT APP User Interface)

3. Open a position with 1U; 0.05% for transaction fee

It is worth noting that the minimum single threshold of light contract on MoonXBT is 1U, which means traders only need to pay out 1U to open positions. It is a very low “margin” for opening a position, compared with other contract trading platforms.

Contract traders who are mature digital currencies are often the most concerned about transaction fees, interest and other expenses, especially facing a huge market fluctuations and frequent operations. Years of trading or adding leverage, these cases can be a huge expense for high-frequency quant traders. For MoonXBT traders, MoonXBT has no funding rate, delivery fee cost, no interest and other fees. You only need to focus on the handling fee and overnight fee when opening a position. Compared with other contract trading platforms, MoonXBT’s. The opening fee is as low as 0.05%,and the lowest can reach 0.035% (Save 30% of your handling fee by using the membership of Moon Points)

4. A novice — friendly trading board — “Demo Mode”

In addition, MoonXBT has also launched a simulated operation function — a “Demo Trading Mode”, which is open to all traders after registering a MoonXBT account.

At the same time, the platform will automatically recharge 10,000U as a bonus for each user to help you get started quickly. Therefore, whether you are a newcomer trying contract trading for the first time or a mature trader considering MoonXBT as your contract trading platform, we are glad to have you join us with the “lightweight” contract trading on MoonXBT.

5. MoonTech:millisecond average execution speed to seize market opportunities

MoonXBT is a cryptocurrency light contract platform, owning world’s leading Research and Innovation technology system, MoonTech, which is a low-latency and high-concurrency trading system in the industry, providing you to complete the transaction within millisecond. Just as the number of tracks determines the passenger throughput capacity of a transportation hub station; similarly, the number of transaction channels determines the processing capacity of a contract trading platform. Traders do not need to wait on MoonXBT, with a fingertip and a blink of an eye, and order will be completed within milliseconds, helping traders seize market opportunities and achieve profitability.

6. Profit loss and Stop loss

What should you do if inconvenient to operate and there is no time to keep an eye on the screen in real-time?

Do not worry, MoonXBT smart margin model and intelligent auxiliary tools Profit-loss and Stop-loss can help you lock in profit and loss in advance, and the maximum loss only involves position margin. Traders set a “Stop-profit and Stop-loss” interval when opening a position on MoonXBT, which helps you avoid losses due to inaccurate grasp of the market or loss of the profits you get when not pay attention to.

7. Bank-level secure team helps you dispel wearing bothering

The core of risk control team members on MoonXBT are all bank-level senior professionals, established a formidable system and FMX (Fund of MoonXBT ) insurance fund mechanism providing traders with duplex security. It eliminates the worries caused by wearing and minimizes the probability of short position or fills up the user’s position in time. Wearing will be less considered as a disturber for a trader. Just take a leap of faith.

8. Cash in your influence, become a MoonXBT partner ,and earn generous commissions

MoonXBT also has a lucrative affiliate program. In order to expand the group of platform traders, MoonXBT has launched a U-based bonus return incentive mechanism. MoonXBT provides the inviter with a permanent commission return ratio of up to 60%,and carries out higher requirements on the inviter with their customer acquisition and marketing ability. For those digital asset traders with the corresponding capabilities, MoonXBT’s affiliate program is very attractive. The picture below explains more clearly how it works:

https://preview.redd.it/6n9zkpxnu6271.png?width=1138&format=png&auto=webp&s=093a4f5fd31e966aebea510dc3df48c878b2161e

Being a MoonXBT partner, apart from getting a permanent commission of up to 60%, you can also participate in exclusive activities customized for partners, enjoy top-notch traffic support and a better service experience as well.

We will conduct partner events from time to time and grant more incentives to high-quality partners, as well as provide high-quality partners top-notch traffic support, including but not limited to promotional activities such as global head media market announcements and exclusive poster design, simultaneously, being a partnership will have dedicated customer service to offer you with one-to-one service, a better service experience, and more favorable support for the promotion of traders

https://preview.redd.it/x9d3qb3qu6271.png?width=832&format=png&auto=webp&s=d52375d3781be8ea16ca1b2e3cb6fc515778a9bc

In short, MoonXBT, the world’s first trading platform with the concept of “light contract”, is also one of the fastest-growing platforms in the light contract trading track. Low fees, excellent liquidity, and leverage of up to 150 times are MoonXBT’s platform advantages, beyond that security issues have always been the top priority of the virtual currency market. The MoonXBT risk matrix is monitored throughout the process within 7*24 hours to troubleshoot potential security issues and reduce known security risks based on recommended defense suggestions. To ensure the safety of users’ transactions. MoonXBT is undoubtedly a dark horse in today’s various exchange markets, and it is also your best choice.

A Mega $1,000,000 Giveaway

To celebrate the launch of MoonXBT, ‘’A Mega $1,000,000 Giveaway” welcoming activity for new users is now available. The prize pool is up to $1,000,000. You can not only enjoy an easier trading experience, but also you can receive a prize-worthy of 500USDT in registration, deposit, friend invitation, etc.Why don’t you grab a market share, try first!Come to MoonXBT and enjoy a “ light, efficient and convenient “ millisecond-level contract trading!


Event: 2021 FTX Crypto Cup - Finals

Official Website

Follow the games here: Chess.com | Chess24


Magnus Carlsen faces World Championship Challenger Ian Nepomniachtchi as the FTX Crypto Cup, the 6th event on the Meltwater Champions Chess Tour, begins Sunday, May 23rd at 17:00 CEST. One of the strongest line-ups ever assembled features the full Top 10, meaning a Tour debut for the last challenger and world no. 2 Fabiano Caruana. The last Major on the Tour offers a direct spot to September’s Tour Finals in San Francisco as well as a record online chess prize fund of $320k, with sponsors FTX providing a $100k Bitcoin bonus.

The FTX Crypto Cup, to be played on chess24 from May 23-31, may be the strongest chess tournament of all time, with the 16-player field including the complete Top 10 on the May 2021 FIDE classical rating list. This means that world no. 2 and 2018 World Championship Challenger Fabiano Caruana is making his Meltwater Champions Chess Tour debut, while the players outside the Top 10 include Candidates runner-up Maxime Vachier-Lagrave, the world’s hottest junior Alireza Firouzja, and blitz world no. 1 and New in Chess Classic runner-up Hikaru Nakamura.


Championship Bracket

Seed Title Name FED Elo Age Score
5 GM Wesley So USA 2770 27 9
6 GM Magnus Carlsen NOR 2847 30

Format/Time Controls

The 3-day preliminary stage sees the 16 players play each other once before the bottom 8 are eliminated while the top 8 advance to a knockout. The knockout match-ups are held over two days, with a 4-game match each day. If the match score is 1:1, the tie is decided in a blitz playoff. Two 5+3 blitz games are played followed, if needed, by an Armageddon game, where White has 5 minutes to Black's 4 but a draw counts as a win for Black. The time control is 15 minutes for all moves, with a 10-second increment per move from move 1.


Schedule

Dates Rounds
May 23-25 Preliminaries
May 26-27 Quarterfinals
May 28-29 Semifinals
May 30-31 Finals

All rounds begin at 17:00 CEST.


Viewing Options

  • GM David Howell and IM Jovanka Houska will provide commentary and analysis on the live TV studio broadcast from Oslo, available on Chess24's YouTube and Twitch pages.

  • GM Peter Leko and IM Tania Sachdev will provide move-by-move commentary on a separate stream, available on Chess24's Twitch and YouTube channels.


🔥 $ New launch of PBL Token Air. Come be part of this project that is literally taking off towards Mars $ 🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized and global digital ecosystem community that allows content to freely transfer their money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet point-to-point currency that allows instant and almost zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized, open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction confirmation times and greater storage efficiency than the main math-based currency. With substantial industry support, trade volume and liquidity, Americoin (PBL) is a proven means of complementary trading to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦️ Social networks and links ♦️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, market research for the PBL was initiated.

✅Q3 2021 Airdrop Live When preparation is over, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 Target TradePBL integration platform for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴


Coins that will survive between now and the Next bullrun

Starting typing this out as a response to a different post but had so much fun typing this all out I wanted to make a post out of it and Get other people to join in on the FUN.

Here's what I got so far. Feel free to comment about any other or one of the coins below about why you think they will or wont survive. (List excludes ETH, BTC, and Stable coins)

  1. BNB - Its almost "too big to fail" at this point, despite its not actually being decentralized (arguably its biggest flaw). Love it or Hate it, BNB is an integral part of the crypto ecosystem and barring some catastrophic event/incident I would be willing to bet it will still be around in the future.
  2. ADA – This is another one of those coins that people either love or hate. The main criticism levied at it is that “it doesn’t even offer smart contracts.” However, if Charles Hoskinson and co. can deliver on their plans for this year that criticism’s days are numbered. With such a dedicated development team, very SOLID fundamentals, and a team of crypto *super stars* behind its development, its very hard too see this coin not being around for the foreseeable future.
  3. DOGE- Arguably the only coin with more fervent supporters than ADA and ETH. Love it or Hate it (and most us here hate it) this coin has withstood the test of time. It has almost never dropped Below 27 Satoshi’s in value and looking at a BTC/DOGE chart it has spent most of its time above it. Maybe it wont ever catapult to the value of 0.00001260BTC (1260 satoshis) ever again, but like it or not dogecoin will likely be here to stay*.
  4. XRP- This coin is easily runner up to DOGE regarding coins in the top 10 that receive a lot of flak from this subreddit. XRP is the antithesis of a cryptocurrency. Its centralized highly centralized and essentially “pre-minted.” You can leavy all the criticisms at this coin that you want, but again like DOGE it was managed to withstand the test of time and achieve a valuation much higher than many of here think its worth. The only thing I could see bringing this coin down would if the SEC’s investigation resulted in a catastrophic/extreme outcome.
  5. DOT- Polkadot doesn’t have any haters, but it also doesn’t seem to have a lot of die-hard supporters either. Its technical are Very SOLID and with the proliferation of crypto currencies, a solid project that can develop interchain operability is deeply needed. However one question remains, is there room in the crypto market for multiple interchain blockchains. With competitors like Chainlink and Cosmos and many other, can DOT truly survive the test of time. Out of all the coins in the Top ten this is one of two coins I believe has the highest chance of “failing out”
  6. UNI- This is the second “coin” I think has the potential of “failing out” sometime before the next bull run occurs. ETH’s insane gas fees are already a major stumbling block for ALL DeFi platforms that run on Ethereum’s net. To make matters worse it always feels like every single DeFi platform is one hack or one vulnerability away from spiraling out of control. If UNI plays its cards right it could maintain its powerful position for years to come**. However one misstep could send it crashing into oblivion.
  7. BCH- Does this coin really NEED to exist? Remember this coin reached 4000$ during the peak of the last bull run. It has since Struggled to regain the height that it once Achieved. While might not ever become a “DUST” coin, I don’t believe that BCH will be an ever present force during the next bull run.
  8. LTC- A coin that no-one loves to hate, this coin has a soft spot in many of our hearts, especially among those of us who were in the cyrpto-space when basically your only two were BTC and LTC. Its Having survived almost as long as BTC has its difficult to ever see LTC as going away anytime soon. However, its status as Silver to Bitcoin’s Gold is long behind it, and although it may never “fail out” I could very easily see its influence waning between now and the next bull run.
    *survival of DOGE is ultimately dependent on the one whale wallet controlling 28% of all doge not pulling the rug on the entire cryptocurrency.
    **Uniswap success in years to come ultimately dependent on ETH2.0 Succeeding and EIP1559 successfully brining down transaction fees.

EDIT: this is not an all inclusive list, I literally started at the top of coin market cap and went down in descending order until I got bored. Just cause I left it out doesn’t mean I think till fail/or succeed also this is just one persons opinion.


Async Music Auctions Weekend

https://preview.redd.it/kr6ctilt75271.png?width=1400&format=png&auto=webp&s=0f941d27acb955978cf77aec8c14119f6aac6082

All Wave II Music auctions will end this weekend! 
Saturday we have Pak & Lee Gaito as well as Ritchie & Matthew Hawtin's OpenSea auctions ending. 
Sunday we have Rare Scrilla, Beats Antique, and Mike Shinoda OpenSea auctions ending.
Please observe min reserve pricing.  Last minute bids will trigger an automatic 10 minute extension.  
Explore the latest Wave II Async Music here:

Browse Now

"F.U.S.E. Syntax [Two]" Ends 5/29 12pm PST 

To commemorate this historic event the Hawtin brothers will let new Stem Layer owners decide which version of "F.U.S.E. Syntax" will be uploaded to Ritchie Hawtin's Spotify & streaming platforms. 
All Layers & Master ends at approx. 12pm PST:

Bid on OpenSeaLimited Editions

"The Song of Nine Paths" Ends 5/29 3:30-5pm PST

Maxed out Stem Layers and Variants, the first collab between Pak & Lee Gaito has more than 387,420,489 unique combinations! 
Auction ends with Layer Nine at 3:30pm PST and counts down to the Master auction: 

Bid on OpenSeaLimited Editions

"Money Badger" 
Ends 5/30 1-1:30pm PST  

Underground hip-hop meets Bitcoin in Rare Scrilla's debut Async Music piece. 
Auction ends with Layers at 1pm PST and counts down to the Master auction:

Bid on OpenSeaLimited Editions

"Decasentry" 
Ends 5/30 4pm PST 

Mike Shinoda debuts on Async Music with 4 Stem Layers, energetic beats, and a hint of classical and video game inspired elements.
All Layers & Master ends at approx. 4pm PST:

Bid on OpenSeaLimited Editions

"Interchange" 
Ends 5/30 5pm PST 

Bay -area native Beats Antique brings a whole new genre and flavor to programmable music. 
Join them and Rare Digital Bird for a livestream on Sunday 1pm PST. 
All Layers and Master ends at approx. 5pm PST: 

Bid on OpenSeaLimited Editions


Will miners in Europe survive halving and will the industry thrive after this event? 😥

With Bitcoin halving approaching, miners around the world have been forced to make adjustments to adapt. 👀 Halving will cause the production cost of bitcoin (BTC) to double overnight 🌙, but fortunately the cryptocurrency has been reacting positively to the upcoming event. 📈

https://preview.redd.it/mhujhfe0c5271.png?width=1200&format=png&auto=webp&s=2a4532db3ec73799d7b456f44825432d6efacc53


🔥 $ New PBL Token | Let's all go together towards the moon with Polkalab! $ 🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized and global digital ecosystem community that allows content to freely transfer their money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet point-to-point currency that allows instant and almost zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized, open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction confirmation times and greater storage efficiency than the main math-based currency. With substantial industry support, trade volume and liquidity, Americoin (PBL) is a proven means of complementary trading to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦️ Social networks and links ♦️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, market research for the PBL was initiated.

✅Q3 2021 Airdrop Live When preparation is over, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 Target TradePBL integration platform for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴


$110 in Free Bitcoin + Earn Crypto Interest! Celsius - Gemini - Coinbase - BlockFi

Celsius - $80 Free BTC

Celsius pays industry leading interest rates on a wide variety of cryptocurrencies and stablecoins. Currently they have over 21 billion USD of crypto assets and are continuing on an aggressive growth path. In addition to earning, you can take fiat loans out against your crypto balances to avoid a taxable event. The cherries on top are weekly interest payments, no lock-ups, and FREE withdrawals!
Please note, you DO NOT want to withdraw any crypto from your account while the promo/referrals are ‘locked’ for 30 days. Doing so will likely cancel both bonuses.

Referral Code: 1080288f9a
Referral Link: https://celsiusnetwork.app.link/1080288f9a
Reward: $40 BTC
Eligibility: New Users
Details:

  1. Sign up for a Celsius account with my referral link: https://celsiusnetwork.app.link/1080288f9a
  2. Make sure the referral code is populated during the signup process / first step of the app with your name. It cannot be added after your wallet is created
  3. Complete the KYC / Verify your identity
  4. Deposit $400 or more of crypto into your account in your first deposit. You will receive the $40 of BTC in 30 days, but can see a pending deposit in your BTC wallet

Promo Code: BTC40
Reward: $40 BTC
Eligibility: New Users
Details:

  1. Tap the © in the lower right corner of App > Select Profile > Select Promo Code
  2. Tap ‘Enter a promo code’ and type BTC40
  3. Deposit $400 or more of crypto into your account. You will receive the $40 of BTC in 30 days, but can see a pending deposit in your BTC wallet

------------------------------------
BlockFi - $10 BTC
BlockFi is a platform which lets you earn on your cryptocurrency balances with interest being accrued daily and paid monthly. In addition you can trade crypto for free and take fiat loans against existing crypto balances.
Referral Code: 70ad1c7e
Referral Link: https://blockfi.com/?ref=70ad1c7e
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a BlockFi account with my referral link: https://blockfi.com/?ref=70ad1c7e
  2. Deposit $100 or more of fiat or cryptocurrency
  3. Maintain the balance for 30 days (No withdraws!) and the $10 will be deposited the second Friday of the month after the promotion is earned.

------------------------------------
Gemini - $10 BTC
Gemini is a US-based regulated and licensed cryptocurrency exchange. Its offerings include low cost trading, 10 free monthly withdrawals, the ability to earn on crypto balances, and an upcoming credit card.
Referral Code: grnz6l5fx
Referral Link: https://gemini.com/share/grnz6l5fx
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a Gemini account with my referral link: https://gemini.com/share/grnz6l5fx
  2. Complete KYC / Verify your identity
  3. Link your bank account and deposit $100 or more
  4. Activate ActiveTrader Mode by going to Settings > Exchange > Trade Interface. It's FREE and will lower the trading fees as low as 0.03% and it will open other trading pairs.
  5. Buy or Sell 100 USD of any crypto within 30 days of opening an account and Gemini will deposit your bonus of $10 worth of Bitcoin within a day.

------------------------------------
Coinbase - $10 BTC
Coinbase is a leading US-based and publicly traded cryptocurrency exchange. Its offerings include the ability to trade a wide range of coins, a wallet, and free crypto via its Earn platform.

Referral Code: walter_kja
Referral Link: https://www.coinbase.com/join/walter_kja
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a Coinbase account with my referral link: https://www.coinbase.com/join/walter_kja
  2. Complete KYC / Verify your identity
  3. Link your bank account and deposit $100 or more

Buy or Sell 100 USD of any crypto within 180 days of opening an account and Coinbase will deposit your bonus of $10 worth of Bitcoin within four days.


$110 in Free Bitcoin + Earn Crypto Interest! Celsius - Gemini - Coinbase - BlockFi

Celsius - $80 Free BTC

Celsius pays industry leading interest rates on a wide variety of cryptocurrencies and stablecoins. Currently they have over 21 billion USD of crypto assets and are continuing on an aggressive growth path. In addition to earning, you can take fiat loans out against your crypto balances to avoid a taxable event. The cherries on top are weekly interest payments, no lock-ups, and FREE withdrawals!
Please note, you DO NOT want to withdraw any crypto from your account while the promo/referrals are ‘locked’ for 30 days. Doing so will likely cancel both bonuses.

Referral Code: 1080288f9a
Referral Link: https://celsiusnetwork.app.link/1080288f9a
Reward: $40 BTC
Eligibility: New Users
Details:

  1. Sign up for a Celsius account with my referral link: https://celsiusnetwork.app.link/1080288f9a
  2. Make sure the referral code is populated during the signup process / first step of the app with your name. It cannot be added after your wallet is created
  3. Complete the KYC / Verify your identity
  4. Deposit $400 or more of crypto into your account in your first deposit. You will receive the $40 of BTC in 30 days, but can see a pending deposit in your BTC wallet

Promo Code: BTC40
Reward: $40 BTC
Eligibility: New Users
Details:

  1. Tap the © in the lower right corner of App > Select Profile > Select Promo Code
  2. Tap ‘Enter a promo code’ and type BTC40
  3. Deposit $400 or more of crypto into your account. You will receive the $40 of BTC in 30 days, but can see a pending deposit in your BTC wallet

------------------------------------
BlockFi - $10 BTC
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Referral Link: https://blockfi.com/?ref=70ad1c7e
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a BlockFi account with my referral link: https://blockfi.com/?ref=70ad1c7e
  2. Deposit $100 or more of fiat or cryptocurrency
  3. Maintain the balance for 30 days (No withdraws!) and the $10 will be deposited the second Friday of the month after the promotion is earned.

------------------------------------
Gemini - $10 BTC
Gemini is a US-based regulated and licensed cryptocurrency exchange. Its offerings include low cost trading, 10 free monthly withdrawals, the ability to earn on crypto balances, and an upcoming credit card.
Referral Code: grnz6l5fx
Referral Link: https://gemini.com/share/grnz6l5fx
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a Gemini account with my referral link: https://gemini.com/share/grnz6l5fx
  2. Complete KYC / Verify your identity
  3. Link your bank account and deposit $100 or more
  4. Activate ActiveTrader Mode by going to Settings > Exchange > Trade Interface. It's FREE and will lower the trading fees as low as 0.03% and it will open other trading pairs.
  5. Buy or Sell 100 USD of any crypto within 30 days of opening an account and Gemini will deposit your bonus of $10 worth of Bitcoin within a day.

------------------------------------
Coinbase - $10 BTC
Coinbase is a leading US-based and publicly traded cryptocurrency exchange. Its offerings include the ability to trade a wide range of coins, a wallet, and free crypto via its Earn platform.

Referral Code: walter_kja
Referral Link: https://www.coinbase.com/join/walter_kja
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a Coinbase account with my referral link: https://www.coinbase.com/join/walter_kja
  2. Complete KYC / Verify your identity
  3. Link your bank account and deposit $100 or more

Buy or Sell 100 USD of any crypto within 180 days of opening an account and Coinbase will deposit your bonus of $10 worth of Bitcoin within four days.


🔥 $ New PBL Token Air launch reward. come be part of this project that is already on the moon $ 🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized and global digital ecosystem community that allows content to freely transfer their money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet point-to-point currency that allows instant and almost zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized, open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction confirmation times and greater storage efficiency than the main math-based currency. With substantial industry support, trade volume and liquidity, Americoin (PBL) is a proven means of complementary trading to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦️ Social networks and links ♦️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, market research for the PBL was initiated.

✅Q3 2021 Airdrop Live When preparation is over, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 Target TradePBL integration platform for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴


Thanks for the dip Bitcoin, I bought more. Hoping you drop below $30k this weekend so I can double down. My Shiba are excited for the Liquidity Event; they want that BONE 🦴 (x10)

https://i.redd.it/c5ur891p73271.jpg

$ New Token PBL - Decentralized global community of digital defi ecosystem. Let's go together towards Mars! $🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized, global digital ecosystem community that allows content to freely transfer its money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet peer-to-peer currency that allows instant and near-zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction commit times and greater storage efficiency than math-based core currency. With substantial industry support, trading volume and liquidity, Americoin (PBL) is a proven complementary trading medium to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and will return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦ ️ Social networks and links ♦ ️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, the market research for PBL was started.

✅Q3 2021 Airdrop Live Once the preparation is complete, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 TradePBL integration platform target for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴


$ New Token PBL - Decentralized global community of digital defi ecosystem. Let's go together towards Mars! $🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized, global digital ecosystem community that allows content to freely transfer its money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet peer-to-peer currency that allows instant and near-zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction commit times and greater storage efficiency than math-based core currency. With substantial industry support, trading volume and liquidity, Americoin (PBL) is a proven complementary trading medium to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and will return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦ ️ Social networks and links ♦ ️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, the market research for PBL was started.

✅Q3 2021 Airdrop Live Once the preparation is complete, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 TradePBL integration platform target for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴


Store of value and mental gymnastics

Riddle me this, riddle me that, if I bought a Bitcoin at 60k, where's my value at?

One person bought 1,000 Bit-coins at 1 USD per piece, and other one bought 1 (one) Bit-coin for 60,000 USD. But since their deposits are not isolated, the first person can cash out using the value brought in by the person who was unfortunate enough to put 60,000 USD in.

It resembles a ponzi scheme clearly, since the person who got in earlier can take out the value deposited by the latter participants in this. Also there is a quite possible turn of events, where second person is self-incentivized to shill, placing decentralized half-ponzi half-pyramid scheme in motion.

Value successfully destored


Cardano Rumor Rundown MAY 29 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Charles is helping to bring the cryptographer who broke SHA-1 to the University of Wyoming. The Cardano funded blockchain lab there could be on the road to be a powerhouse. https://twitter.com/CaitlinLong_/status/1398290866419105802 https://en.wikipedia.org/wiki/Yiqun_Lisa_Yin
  2. We don’t often get to hear from the engineers behind Yoroi over at Emurgo. But, here’s a podcast with Vicente Almonacid from Emurgo. Check out 12:50 where he mentions the dApp Connector (Cardano’s Metamask Equivalent). https://twitter.com/vacuumlabs/status/1397847633696280576
  3. Check out this great article from Cardanians.io on the work being done at the University of Wyoming on a physical chip for transfer of private keys in day-to-day cashlike transactions. https://cardanians.io/en/cardano-can-give-crypto-a-cash-like-experience-58

Previously Covered but still interesting:

  1. I don’t know if everyone watched the last few minutes of the Africa Special. But, I think a lot of people missed the section where John O’Connor said the goal of Cardano in Africa is to issue 100 MILLION digital identities in the next two years. To give you some idea of scale here, adapools.org shows a highest ever daily number of new wallets at around 71k. If we onboard 100 Million people via digital identity over two years that would be 136,986 people per day. ETH only has 150MM unique wallets to date. https://youtu.be/yRjj662kJsk?t=8615 https://adapools.org/analysis-query/wallets https://etherscan.io/chart/address
  2. John also mentioned that all of the 100k subscribers to World Mobile in Zanzibar this year will have digital identities on Atala Prism. They will also be offering so-called “RealFi” loans by Q1 of next year that will be made via Cardano liquidity and will act as a bridge to real world value. https://youtu.be/yRjj662kJsk?t=8628
  3. Charlie Munger thinks crypto is “disgusting”. That’s a wonderful thing because it tells you how early you are. This is especially true in Cardano which is a project that leads with empathy for the developing world. Will he still call that disgusting if we’ve brought financial inclusiveness to an entire continent in five or ten years. Probably he won’t say anything because he won’t have lived that long. But, you get the point. https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html
  4. The state authorities in Wyoming are so far ahead of the curve it’s scary. Now they’re putting aside $4 million for staking. On the private side, Caitlin Long should be declared a state treasure for making a lot of this happen. https://twitter.com/Cardanians_io/status/1388756653311414272 https://decrypt.co/69390/university-wyoming-generate-revenue-crypto-staking
  5. I will be in a tent in a beautiful place where there will be very limited internet access. So, no text format Cardano Rumor Rundown until Saturday. The youtube version has been pre-recorded and is scheduled to come out on the normal daily schedule: https://www.youtube.com/channel/UCWnSP49DJf-G9E0VfqDdBCA.
  6. There is supposed to be some kind of mid-month update on Plutus. Charles hinted in a recent update that everything is going really well on that front. https://www.youtube.com/watch?v=786mOp2Xq7s
  7. There will be an update on Mithril at the end of the month. You will remember from previous coverage that Mithril is a means to create trustless light wallets via recursive snarks similar to Mina. ZK-SNARK = zero knowledge succinct non-interactive argument of knowledge. https://www.youtube.com/watch?v=786mOp2Xq7s
  8. Charles is setting aside $9MM to be shared by two research labs to be set up: one at University of Edinburgh and one at an undisclosed institution. https://www.youtube.com/watch?v=786mOp2Xq7s
  9. Doge Mania might be hitting a new peak (as a cultural artifact at least) tonight with Elon’s appearance on SNL. There are many different perspectives you can take on how this might impact ADA. I find the following two the most interesting: 1) if the Doge pump is followed by an inevitable crash it could sour a giant group of new adopters on crypto; or 2) it might be a gateway drug that will turn a large group of new adopters on to better projects. https://twitter.com/elonmusk/status/1390774840135766019
  10. The Essential Cardano List is published by IOHK. (credit to /u/cascading_disruption for pointing this out) https://twitter.com/InputOutputHK/status/1390728385945550848
  11. Cryptodoggies.org NFTs are now available. The website says 50% will go to a community voted animal charity. https://www.cryptodoggies.org/
  12. For those learning Haskell, Check out this new video on Type Theory. https://www.youtube.com/watch?v=Y7blCeETJo8
  13. Also, Lars puts out a new Plutus Pioneers video on Native tokens. https://www.youtube.com/watch?v=6VbhY162GQA
  14. ADA is the most crypto of all cryptos. George of CryptosRUs pointed out in a recent video that he couldn’t find any trace of a VC firm owning Cardano in its portfolio in his search of the categories section on CMC. This makes sense if you know Cardano. Would freedom and decentralization loving Satoshi not throw up a little in his mouth to find out that VC ownership of cryptos was a metric people would care about in 2021? The lack of VC stake in the very decentralized and freedom loving Cardano only adds to our already iron-clad claim on the mantle of the most crypto of all crypto projects. Our ecosystem never sought to attract VC money that would only centralize ownership in a smaller number of hands. This doesn’t even address the current extreme centralization of block validation in BTC and ETH. https://coinmarketcap.com/cryptocurrency-category/ https://etherscan.io/stat/miner?range=7&blocktype=blocks https://www.blockchain.com/charts/pools
  15. IOHK has dropped a new article on the status of KEVM and IELE. Grigori Rosu of Runtime Verification says a proof-of-concept of IELE should be ready in six months. This is a key component in how we get to the ocean of all developers as we grow beyond the pond. https://iohk.io/en/blog/posts/2021/05/10/runtime-verification-iele-from-interoperability-to-universality/
  16. Cardano saw a new challenger enter the scene with Internet Computer (ICP) debuting very high on the CoinMarketCap charts. However, a look into ICP makes one question whether they are really in the Gen. 3 Blockchain race at all given that available information indicates the blockchain runs via datacenters hosting standardized hardware and that those datacenters can only join the network with the permission of the “Network Nervous System”. You could say that the winner of the Gen. 3 Blockchain race needs to solve the blockchain trilemma of decentralization, security, and scalability. If that’s true, then it’s arguable that ICP is not even competing in the decentralization leg of the race. https://youtu.be/zHl-oVPoX88?t=97
  17. The new venture of Sebastien, Nico, and Robert Kornacki is announced: https://twitter.com/dcspark_io. That’s a hell of a team!!!!
  18. The Cardano Subreddit hit 400k users! https://www.reddit.com/r/cardano/
  19. Alonzo Testnet Updates. https://cardanoupdates.com/ https://twitter.com/InputOutputHK/status/1392457888636022789
  20. IOHK drops a blog entry on the strategic partners in the Plutus rollout! https://iohk.io/en/blog/posts/2021/05/12/developers-add-muscle-to-plutus-smart-contracts-on-cardano-for-defi/
  21. Does Elon’s move away from BTC (ostensibly for environmental reasons) hold promise for ADA? https://twitter.com/elonmusk/status/1392602041025843203
  22. The case for Cardano to replace BTC with Tesla and beyond is building. https://twitter.com/CardanoStiftung/status/1392806669810339851 https://twitter.com/elonmusk/status/1392950720979030019
  23. Charles makes the case for collaboration with Starlink in Africa. https://twitter.com/IOHK_Charles/status/1392916783854616577
  24. People are starting to realize what the real value of NFTs will be. It’s not in collectibles. https://twitter.com/RaoulGMI/status/1392939118355783682
  25. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-05-14/
  26. The Cardano 360 team also dropped a video with specific mid-month Alonzo testnet updates. At the timestamp in the link below the vid lays out the various test groups and when they will participate. https://twitter.com/InputOutputHK/status/1393258090703826944 https://youtu.be/5mPC4uLMdEw?t=532
  27. We are seeing some small pools retiring. We’ll obviously see more and more of this as time marches on. But, here’s a salute to the small pools that gave it a go! This SPO also brought us poolpeek.com which we have covered here before. https://twitter.com/CardanoBudz/status/1393252321845465088 www.poolpeek.com
  28. John O’Connor on CNBCAfrica! He gave a really good explanation of how Africa with it’s already very high adoption of mobile payment wallets can leapfrog the legacy payment systems currently in use in more developed countries. He also reiterated that Cardano will expand to five countries this year and 20 next year! https://youtu.be/RET8hIQQLUA
  29. This tweet by u/TheADAApe pretty much sums it all up. When people ask me how I knew, I’m going to point them to this post. https://twitter.com/ArmySpies/status/1393606491110662146
  30. To hear about something truly good happening in the Cardano ecosystem check out this interview with Mickey Watkins, CEO of World Mobile, on the Hotel Cardano podcast. Really good details on World Mobile's connecting the unconnected in sub-Saharan Africa! https://youtu.be/L15bn_b2moA
  31. What if these two got to talking about what Atala Prism could bring to the table for students in the city of Miami? https://twitter.com/IOHK_Charles/status/1393574632305868805
  32. The saga of BTC maximalists being angry at Elon continues with Elon implying that Tesla could sell its BTC while Cardano continues just doing its thing like normal. https://twitter.com/elonmusk/with_replies
  33. Likewise, Marc Cuban tried to FUD real world use of Cardano only to be confronted with a giant infographic of use cases and partnerships along with an explanatory video just for him. https://twitter.com/mcuban/status/1393646131708665858 https://twitter.com/IOHK_Charles/status/1393689887648272384
  34. Initial Stakepool Offerings (“ISOs”) are here. Crypto is no stranger to novel means of capital formation and now the Cardano ecosystem is getting in on the action. Here is SundaeSwap’s explanation of how ISOs will work. https://sundaeswap-finance.medium.com/iso-sundae-with-the-works-c5c335101ef5
  35. ICYMI, Manuel Chakravarty reminds us all that his Cardano Summit 2020 talk is publicly available for questions on native assets. Really interesting discussion of the asset identifier just being a hash of the policy script and how that helps create a super lightweight easy to use system. https://twitter.com/TacticalGrace/status/1394263629088923649
  36. Elon confirms that Tesla has not sold any BTC. https://twitter.com/BTC_Archive/status/1394051036462071808
  37. Charles makes a whole video about how to fix Doge. https://youtu.be/iQd9XjEm8EE
  38. The Ecosystem is getting even bigger every day we inch closer to Alonzo! https://twitter.com/TyIsDigital/status/1394345977952284676
  39. The Cardano Foundation is out to do something incredible with supply chains as described in the fireside chat! In his previous Cardano Live appearance, Frederik Gregaard, CF CEO, also expressed a very healthy and sustainable perspective on what DeFi should become. He compared the current state of DeFi to just moving funds from your left pocket to your right pocket and taking profit. https://youtu.be/d8uPMZplfeM https://youtu.be/xbMSQUA1lss
  40. The ISO model entering the capital formation toolbox in Cardano is going to make the stake pool game extremely interesting with SPOs scrambling to find the right balance between rewarding ADA and giving their delegators other things like tokens. Some stake pools could even become like portfolio funds with relationships with many different projects the tokens of which are given to delegators. Babel Fees could also play a role here for smart SPOs as they may allow access to a wide variety of tokens in the ecosystem that could be used to reward delegators with a sort of index fund exposure to a wide variety of Cardano projects.
  41. May Cardano 360 coming one week from today (always the last Thursday of the month). https://twitter.com/InputOutputHK/status/1395117067960045569
  42. New delegations from IOHK are out. Congrats to the selected SPOs. https://twitter.com/InputOutputHK/status/1395087751746310156
  43. The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
  44. In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
  45. The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
  46. The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
  47. In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
  48. The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
  49. Charles has now added the Jack Dorsey edition to his series of “Let’s Educate Crypto Adjacent Celebrities” videos. https://youtu.be/lMZ1xQzWtl4
  50. ...and still...KINGS OF THE GITHUB! May our reign never end. https://twitter.com/ProofofGitHub/status/1395771379929255945
  51. Some banks still won’t allow customers to buy crypto with their accounts. In 2021, this is still a thing. https://twitter.com/CryptoCardano_/status/1395933037192437763
  52. Even the Pope is condemning Proof-of-Work? At least, that’s how the crypto community took a recent tweet. https://twitter.com/Pontifex/status/1394993742226939905
  53. Apparently, you can now have your own Stakepool run for you for $122/month in a Stakepool-as-a-Service arrangement. https://twitter.com/ChrisGraff/status/1396169061487333380
  54. If you want to see how the Cardano NFT space has been heating up, you can check out CNFT resale listings at Lovelace Marketplace. https://lovelacemarketplace.io/all-categories/
  55. Ethiopia awards new Telecom license as promised. The winner, a consortium including Vodafone, Safaricom, and Sumitomo; will invest $8 billion in their network in Ethiopia in the next 10 years and will cover the country in 4G. https://www.bloomberg.com/news/articles/2021-05-22/ethiopia-awards-new-telecoms-license-to-vodafone-consortium https://twitter.com/AbiyAhmedAli/status/1396060475184533505
  56. Check out this new infographic explaining how World Mobile Works! https://blog.worldmobile.io/post/how-world-mobile-is-connecting-the-unconnected-infographic/
  57. Cardano hits 1MM wallets! https://twitter.com/Cardano/status/1396331888093061121
  58. Set your calendars! The May Cardano 360 is this Thursday! https://twitter.com/Cardano/status/1396331908632653830
  59. Charles releases a 90 Day Countdown to Alonzo video. https://youtu.be/u6negi1yAQQ
  60. Institutional inflows into Cardano get some coverage by the crypto press. https://cointelegraph.com/news/cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares
  61. Charles and Kim Dotcom have a conversation about PoW miners possibly fleeing China with all of their hardware. https://twitter.com/KimDotcom/status/1396964996693708801
  62. Cardano gets a little coverage on NBC for it’s energy efficiency. https://www.nbcnews.com/tech/tech-news/cryptocurrency-goes-green-proof-stake-offer-solution-energy-concerns-rcna1030
  63. Plutus Pioneers Lecture #7 is out. https://youtu.be/_EDJt55vOB0
  64. Yesterday was ADA Payday with the end of Epoch 267. I hope everyone made lots of sweet delicious staking rewards! https://adapools.org/epochs
  65. Paypal moving away from the “walled garden” model. This is decentralization teaching the legacy institutions a lesson. https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says
  66. Charles is interviewed on Yahoo Finance where he explained: 1) how the lack of an obvious decentralized governance system in ETH and BTC will cripple their efforts as they attempt to scale and the founders/core developers start losing prominence, 2) the ADA EUTXO system is vastly more scaleable with it’s local state being so much more amenable to sharding than ETH’s global state system, 3) Cardano has a high willingness to bring on users in hypergrowth areas like Africa where ETH seems to have little interest, and 4) ETH does not seem to be as highly concerned with interoperability which might become highly valuable in the future. https://twitter.com/YahooFinance/status/1397593275826151424
  67. Cardano 360 is tomorrow. Don’t miss it if you want to hear about all the awesome things happening with Alonzo (smart contracts), Hydra (scalability), and everything else! https://twitter.com/InputOutputHK/status/1397549347592675338
  68. The May Cardano 360 was yesterday and we had lots of updates including the Color Coding for the different stages of the testnet! https://www.youtube.com/watch?v=SS33gRj9JYE
  69. Alonzo “Blue” Era Testnet (through mid June; <50 user cohort) will include the basic functionality of the system for testing basic contracts . Initially the SPOs will be included, then some of the Plutus Pioneers will be allowed in, then a few of the outside development firms (Plutus Partners). The Plutus Partners will be working on specific areas including oracles, DEXs, stablecoins, NFTs, and DeFi. This will produce code and documentation that will be publicly available.
  70. Alonzo “White” Era Testnet (mid June to mid July; <500 user cohort) will add more Plutus Pioneers and more functionality. They will develop various dApps and there will be interaction on the user side of these dApps. They will do some benchmarking at this stage.
  71. The Alonzo Hard Fork Combinator Event requires a lot of different pieces come together at the same time. But, this is not their first rodeo and they have a lot of experience with this from the ITN, Shelley, and etc.
  72. Alonzo “Purple” Era Tesnet (mid July to mid August; fully public) will involve a full public network with all of the Plutus pioneers, the Rosetta Api to the exchanges, Daedalus, hardware wallets, graphQL, and full functionality. The purpose of this phase will be optimization.
  73. Alonzo “Red” Era Tesnet (August; a very short phase) will involve a new network where they can test scalability and stability.
  74. Alonzo “Black” Era Tesnet (August; a very short phase) will be the final public testnet where they will ensure they have their candidate mainnet releases ready to launch on the mainnet.
  75. They are committed to making sure there is a very large group of people who are familiar with using the Alonzo testnet by the time the mainnet launches.
  76. Alonzo Mainnet (August-September). It’s looking like Alonzo mainnet launch was positioned in very late August through September in the infographics. That makes me assume there is a chance of August, much better chance of September, and also some chance of October or later. This is blockchain development after all. Also, we’ve waited years. Why care about a few weeks?
  77. There will be another Plutus Pioneers Cohort later this summer.
  78. Marlowe Run will be a browser product that can run on mobile or desktop. It can be linked to your wallet and be used to run Cardano smart contracts simultaneously on a distributed basis across multiple user browsers. The user interface is light years ahead of anything we saw in Marlowe Meadow or the Marlowe Playground simulations. It will include a library of off-the-shelf contracts.
  79. There will be a Marlowe Webinar on June 3. Register here: https://webinar.marlowe-finance.io/
  80. The ERC-20 converter was looking very intuitive and seamless in the new demo. It should be on the testnet in June.
  81. Manuel Chakravarty gave a big update on Hydra (layer 2 scaling). Hydra will not require that the base layer be modified since it will be implemented via Plutus smart contracts. Hydra is actually a collection of protocols including Hydra Head and Hydra Tail. Hydra Head is a symmetric protocol where multiple participants will be online simultaneously for the whole period of the head exchanging messages. Hydra Tail is an asymmetric protocol involving a high performance server and many clients that may be mobile and could be offline for large portions of the tail’s existence. There will also be “inter head & tail networking” which will allow for a network of heads and tails. They have a published research paper on Hydra Head. They are currently writing the Hydra Tail paper.
  82. Hydra is distinguished from other layer 2 protocols by its isomorphic properties. This means you will be able to run any smart contract that works on the base layer in a Hydra Head! This is very special. We won’t need special purpose contracts built out just for layer 2. There are some big implications to this. Since a Hydra Head is essentially just a Plutus smart contract, this means you can run a Hydra Head inside another Hydra Head. It’s turtles all the way down, guys. It sounds like they can do this iteratively as much as they want.
  83. Aggelos also gave a good presentation on the importance of “skin in the game” in resource based consensus protocols (both proof-of-work and proof-of-stake) and its effect on promotion or discouragement of centralization. He explained how Ouroboros has built-in safeguards to prevent centralization including the K parameter (currently at 500) which caps total rewards per pool and the alpha parameter (currently at 0.3) which splits rewards into a 77% piece and a 23% piece. A pool can take its share of the 77% piece based on the pool’s total stake and its share of the 23% piece based on the pledge of the SPO. A higher alpha parameter makes it less attractive for individual SPOs to proliferate multiple pools since they can’t be as leveraged on their available pledge and still get as big a share of the 23% piece. This also discourages Sybil Attacks. As Cardano on-chain governance progresses, these parameters will be controlled by the community.
  84. There will be a Cardano Goguen Summit in September. It will be hybrid digital/in-person.

~Army of Spies