Monday, October 8, 2018

[Daily Discussion] Monday, October 08, 2018

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.

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If you were to go back in time to the year where you were 5 years old but keep your memories, how would you become the richest man alive?

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Mixin Network, next China’s top blockchain project

The crypto market has been bearish for the last few months. I have not done much trading but kept studying blockchain projects with huge potentials and kept searching for the next killer app. Recently I discovered a project which in my opinion is very undervalued.

The ethereum ecosystem is currently unchallenged by any other public blockchain projects. Many people hope certain projects such as EOS will become better than Ethereum in the future. However, in the bear market, a lot of project teams lack experience and the trend could be for many such projects to fail one by one in the near future.

So where is the future of blockchain? I believe the project that creates the next killer app and achieve high adoption rate would be the most valuable blockchain project.

Mixin Network is a project I believe will be the most valuable in the future. It fulfills the next few characteristics:

Millions of user in DApp Mixin Messenger VS WeChat

Its social media DApp Mixin Messenger already has millions of user registrations. I was skeptical at first, but after I downloaded it and experienced it myself, I would say Mixin Messenger is the blockchain version of Wechat.

(WeChat)

Everyone knows that Wechat is the most popular messenger app in China. One of the reasons for Wechat to be so popular is that Wechat has its own paying system. Wechat is like the Apple store, where you can build your own programs within it. As long as one has Wechat, you can make any kind of RMB payment in China.

Mixin Messenger is similar to Wechat in the sense that there is chatting function and people can build bots on top of it as well. However the difference is that Mixin Messenger is built on Mixin Network public blockchain, while Wechat is built on a centralized system.

(Mixin Messenger)

Wechat only supports RMB payment, while Mixin Messenger supports all kinds of cryptocurrencies. The most convenient part is, instead of the private key, you only need your phone number and 6 digit pin code to access your full-cryptocurrency account within Mixin Messenger.

User Friendly

This function seems simple, however it could crease the adoption of Mixin Messenger tremendously. More broadly speaking, the general public who have never dealt with crypto before can enter the crypto world through this simplest method.

For security, your phone number is binded to your ID and would not be lost. You only need to remember your 6 digit pin code to access your account.

If China supports the circulation of cryptocurrencies in the Chinese market, Mixin Messenger will definitely become the blockchain version of Wechat with hundreds of millions of users.

If the Chinese market impedes the development of cryptocurrencies, Mixin Messenger will need more expansion in overseas markets. Recently I evaluated its overseas development and find the progress quite remarkable.

Partnership

Mixin Messenger has formed partnership with a Nepalese financial institution. The institution will use Mixin Messenger for instant payment with 0 fees. Mixin has also attended “Next economic conference” event in Japan. The event was hosted by Japan’s biggest ICO information network, its sub product APP Coinview is already part of Mixin Network ecosystem. I couldn’t find the detailed of the partnership, but it is evident that Mixin is actively trying to embrace markets outside of China and form partnerships.

When I did my research, I realize this project has very few followers on social media platforms. It seems to have just started developing overseas community. On CoinMarketCap, the project’s ranking is top 100 and at one point was among the top 50. The way they raised capital was also very interesting. It was pegged to EOS and traded directly in the exchange.

Simple exchange Listing lineup

Currently the XIN token is only listed on Big.ONE, Fcoin and OceanONE. Such a simple exchange lineup is also why I believe it is undervalued.

Mixin’s development: DApps, Exchanges, cross-chain solution ,etc.

OceanONE is an exchange created by Mixin Network team, with its code being open-sourced. The crypto-to-crypto trading pairs are against BTC, USDT and their own token XIN.

What surprised me was that Mixin’s development is way ahead of many other cross-chain projects: the full-cryptocurrency trading is already implemented.

Mixin Network Ecosystem

With Mixin Network, OceanONE exchange and social media application Mixin Messenger, the team is basically building a very strong and comprehensive ecosystem. Within Mixin Messenger, you can trade tokens directly on the exchange.

From my perspective, the open-source of Mixin Messenger and OceanONE exchange codes are just demonstration from the team. Along with the various security audit releases, the team is trying to signal that their products are easy to use, easy to develop and extremely secure.

https://bitcointalk.org/index.php?topic=5028456.0

At BitcoinTalk, you will discover 13 DApps built on top of Mixin Network. All DApps utilized their full-cryptocurrency selection and their plan of instant transaction with 0 fees.

Team Members

When I wondered what kind of team is capable of building such a vast blockchain ecosystem, I did my research and was impressed by their resume. The CTO and product lead have both worked for Yixia Technology, which is the leading short clip platform in China. It is comparable to Snapchat and Instagram in the States.

It is then easy to understand the project’s design in terms of ease of use, this is a project to help users truly immerse in the blockchain world.

The COO has worked at Bitmain, INblockchain and 9BTC, which are China’s top mining group, China’s top blockchain investment organization and China’s top blockchain media respectively. Surprisingly, such a strong team has kept a low profile, which is another reason I believe this project is greatly undervalued.

I read the whitepaper and realized the technology composition of Mixin Network is really unique. The security is achieved through Trusted Execution Environment (TEE) and bookkeeping mechanism which uses both full nodes and light nodes. It also uses DAG + aBFT to reach trillion level TPS. It optimized Bitcoin’s UTXO model to ensure privacy. It currently supports 13 public chains and over 40,000 kinds of cryptocurrencies.

There is not much information available on Mixin’s official website, however I found out that the trading volume of Mixin Network has exceed 10 million times.

Conclusion

Blockchain social media application with commercial use, exchange, cross-chain plan which supports full-cryptocurrency selection, instant transaction speed, 0 handling fees, strong team background, all these make me believe that this project has more value and space for imagination than Ripple which is currently ranked number 3 in market value. Comparatively, the marketing and exchange of the project are not very remarkable. The testnet will be launched soon. Currently, this is the project I believe might create a DApp ecosystem comparable to that of Ethereum.

for details; https://mixin.one/


[Daily Discussion] Monday, October 08, 2018

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:


LUCRE Whitepaper is now also available in Croatian

https://i.redd.it/dvh2vyuucyq11.png

Lucre Algorithmic Trading Platform for Cryptocurrencies

LUCRE is an exclusive automated trading system for Cryptocurrencies, created to outperform the strategy of just holding Cryptocurrencies. It is developed by a team with 8 years of algorithmic trading experience. Holding a Cryptocurrency hasn’t been the best way to increase your wealth lately. LUCRE algorithm was build on a philosophy - Don’t HODL; Trade! allowing trading both ways long and short. The great appeal of this project is the ability to generate revenues in all market conditions, buying and selling at every perceived opportunity. Even when the market is going south the algorithm attempts to make profit by shorting it. Lucre Trading Algo will be running on a Metatrader trading platform. Token sale participants will get an LCR token which will track the performance of the Algo. The price will be updated regularly to accurately reflect the value of the underlying Crypto assets being traded by the Algo. A participant can trade on the exchanges which will list the LCR token. LCR token will only be sold during the pre sale and Token sale main event. No further tokens will be minted post Token

More: https://www.lucretoken.com

Whitepaper Croatian: https://www.lucretoken.com/docs/Lucre_WhitePaper_HR.pdf

#Crypto #ICO #LUCRE #LCR #bitcoin #cryptocurrency #btc #tradingcrypto #tokensale


[Daily Discussion] Monday, October 08, 2018

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:


Cryptocurrency for newcomers: let's deal with the most popular cryptocurrency of the 21st century

https://i.redd.it/292j5v2ieyq11.jpg

Cryptocurrency is often considered as a part of what has been called the black market. But let's be honest: there is something “black” only in black humor, black Bimmer and under-the table wages. But cryptocurrency is officially declared money, and Dapcar gives you a real chance to get rich. Don`t believe those who say, you are joining the dark side. If you want to understand the cryptocurrency and earn some tokens, but you don't know anything about the miners, and you know the meaning of the word “farm” just as paddock with lambs — read the post below, let's try to figure it out together!

Do you see how the number of ICOs is growing exponentially on the Internet? Do you hear how people discuss Bitcoin and Ethereum every day? And what about you? Are you still using fiat money? Do you want to have a real crypto wallet? Stop dreaming, make your dreams come true. So, let's start: what is cryptocurrency, and why even Sheldon from “The Big Bang Theory” talks about it?

Believe it or not, cryptocurrency is money. Ordinary digital money that can`t stuck in ATM and won't be lost during the transfer to your aunt even across the globe. Let's go through the main notions that experienced cryptocurrency holder knows by heart. Take your pen and sheet of paper, you'd better write them down.

Blockchain is the most secure and the fastest way to handle our finances, to transfer "digital money". Bitcoin is one of the most popular digital cryptocurrencies. Ethereum is not only the world's second-largest cryptocurrency, but also an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. ICO is Initial coin offering. What are tokens? Comm`n, are you serious? Tokens are the very cryptocurrency created on the already existing blockchain or protocol; you can use tokens as payment for service or product. The terms crypto ‘coin’ and ‘token’ are often used interchangeably. They say that ‘coin’ and ‘token’ are twin brothers. Don`t believe! They are not even friends. The definition of a digital coin is an asset that is native to its own blockchain. Think about Bitcoin or Ether. Each of these coins exists on their own blockchain.

Once upon a time there was the notion of "miner" in the dictionary, but now it is outdated. The miners were called such enthusiasts who in golden age of crypto industry mined cryptocurrency from wells. Wait, don't go to the bathroom, this method works no longer. However, you can get cryptocurrency by other means! How? It's very easy, because you are already with Dapcar. Go to the platform right now, register your crypto wallet (if you don’t have it yet, its creation will take just a minute and there is a step-by-step guide for your convenience), start the race with the same crazy enthusiast as you are and enjoy watching your account becoming rich. Oh yeah, in Dapcar you will get cryptocurrency in any case, any outcome of the race - even for the loss.

Have you ever thought that making money and having fun can be at the same time? It is not a dream, for you it is easier than for Jared Leto to get his Oscar. And by the way, it is safe, because in Dapcar the main method of payment is Ethereum, that provides unlimited opportunities for implementing open automated algorithms, looking at which you can see all the steps of transferring your cryptocurrency and understand that there is no forgery.

So, what are you still waiting for? Thousands of people around the world have already started to improve their own well-being with Dapcar. Don`t fall behind!

#dapcar #dapcario #blockchain #games #gamingnews #blockchaingames #crypto #cryptocurrency #cryptogames #ethereum #blockchain #bet #betting #cryptokitties #monsterbit #game2018 #newgame