https://i.redd.it/ihfb2q1a6pwc1.png
Thursday, April 25, 2024
[xGov-200] Biatec - Onchain identity - Scholtz & Co
| title | Biatec - Onchain identity |
|---|---|
| id | 199 |
| period | 4 |
| author | Everyday Algonaut, Ludo Scholtz (@scholtz) |
| xgov200@asa.gold | |
| discussions-to | https://forum.algorand.org/t/xgov-200-biatec-identity/11871 |
| company_name | Scholtz & Co |
| category | dApps |
| focus_area | Identity |
| open_source | Yes |
| funding_type | Proactive |
| amount_requested | 149999 |
| usd_equivalent | $30,487.297 (note: automated conversion) |
| delivery_date | 2024-12-31 |
| status | Final |
Abstract
We will build identity solution where users can pair their algorand account, verify their identity and use more services on algorand blockchain.
MiCA and other EU regulations requires independent entity to verify the identity of users, even self custody accounts.
Algorand dApps will be able to verify, if specific account is not terrorist nor its thief who steals algorand assets from other algorand users.
We will also create the activity ranking system, so that more active algorand users can receive for example better prices at dex swaps.
Team
Scholtz - Product owner. Active on Algorand forum, runs a few projects in Algorand ecosystem branded under the <a href="https://www.biatec.io">Biatec</a? - such as the VoteCoin, A-Wallet, Aramid Bridge, Stabilitas, ASA.Gold, Biatec DEX, Decentralized scheduler, Algorand invoicing app.. Has been winner in few hackathons, such as Algorand encode hack 2021, EUvsVirus, Swiss blockchain hackathon 2021, Bitcoin bankathon, Encode DAO hack, Algo HackJam, Greenhouse hack III, Mega Ace Hackathon, ...
Experience with Algorand
Ludo, Everyday Algonaut has hosted Prague algorand meetup last year on Feb 10th 2023 at Paralel polis, and this year Prague algorand meetup on May 30, 2024.
He was also speaker at ETH Denver, Prague BeerFi event, and speaker at Wroclaw Algorand Meetup.
We provide many open source tools to help algorand communities - https://github.com/scholtz?tab=repositories&q=algorand
Present Proposal
Some technical details can change during the development process
We prefer the agile development.
Frontend
User will be able to auth using the algorand ARC14 authentication to his account.
User can manage his KYC data for natural person or legal entity.
Backend
We will develop secure offchain decentralized storage.
All personal data will be stored offchain.
Onchain storage
```
type IdentityInfo = {
verificationStatus: uint64;
verificationClass: uint64;
isCompany: boolean;
personUUID: string;
legalEntityUUID: string;
biatecEngagementPoints: uint64;
biatecEngagementRank: uint64;
avmEngagementPoints: uint64;
avmEngagementRank: uint64;
tradingEngagementPoints: uint64;
tradingEngagementRank: uint64;
isLocked: boolean;
kycExpiration: uint64;
investorForExpiration: uint64;
isProfessionalInvestor: boolean;
};
```
verificationClass
```
-
Verification class of the user. Uses bits system - 7 = 1 + 2 + 4 = Email and mobile verified
*
-
0 - No information about user
-
1 - Box created for address
-
2 - Email verified
-
4 - Mobile Phone verified
-
8 - Address verified
-
16 - Address verified
-
32 - X account verified
-
64 - Discord account verified
-
128 - Telegram account verified
-
256 - First government document with gov id stored in secure storage
-
512 - Second government document with gov id stored in secure storage
-
1024 - Corporation government documents stored in secure storage
-
2048 - First government document verified by online verification process
-
4096 - Second government document verified by online verification process
-
8192 - Corporation government documents verified by online verification process
-
16384 - First government document verified by in person verification process
-
32768 - Second government document verified by in person verification process
-
65536 - Corporation government documents verified by in person verification process
*
```
verificationStatus
```
-
0 - No information about user
-
1 - KYC filled in
-
2 - KYC checked by online process
-
3 - In person verification
-
4 - Professional investor verified
```
Deliverable
Frontend, backend, and Smart contract.
Future Blueprint
We plan to provide free service until end of year 2024.
Benefits for the community
-
Any dApp can check if account is not locked, so that they do not interact with terrorists
-
Any dApp can decide its logic on the verification level of the user. Institutional investors may interact only with other institutional investors using smart contracts if they choose to.
-
All applications are open source and would be great if more companies provides similar service
Additional information
Everyday algonaut X account: @EAlgonaut
Join our discord: Biatec
Github Links
Conversation and changes can be found in the top comments.
Things To Consider When Pair Trading
Stemming from observations in previous articles, traders face issues such as operational complexity, capital inefficiency, and custody concerns when executing pair trades on CEXs and DEXs alike.
Pear Protocol aims to solve these challenges by offering a streamlined and decentralized platform for pair trading. To get more context, one can read the previous articles present in the education hub on our platform.
Introduction
Pair trading has gained traction in the crypto market as traders seek different strategies to navigate the ongoing trends and narratives. However, this approach demands a comprehensive understanding of market dynamics and risk management principles.
With Pear Protocol in mind, we delve into essential considerations for tradoors looking to optimize their pair trading strategies
1 - Choose Which Asset to Long/Short
The success of pair trading hinges on selecting the right assets/pair to trade. D’uh!
You can utilize market trends, fundamental analysis, and technical indicators in determining which assets to long and short simultaneously. The asset picked for the long leg, must show comparative strength against the asset picked for the short leg.
For instance, The golden trick on Crypto Twitter back in the day used to be long whatever Hsaka has tweeted about, and short whatever Bitboy shills after the first pump.
2 - Which Asset Moves Faster?
Understanding the correlation between paired assets is paramount. High correlation indicates a strong relationship between assets (good for pair trading), while low correlation suggests muted movement with respect to each other (bad for pair trading).
One way to find an outperformer is also to go through a spaghetti chart, it helps to find the faster horse.
With time more and more traders have started using Pair Charts, which signify strength against the denomination. For instance, here is an ETH/BTC chart which comes in handy when making a correlation between the two assets. The previous PA shows it to be an excellent region to bounce. Hence, initiating a long position on Ethereum (ETH) while concurrently shorting Bitcoin (BTC) may be deemed judicious for capturing the anticipated upward movement in the market.
Pairing assets with a balanced correlation can enhance your trading risk/reward, while mitigating risk.
3 - Deciding The Degree Of Leverage
Leverage amplifies trading positions' exposure to market fluctuations, increasing both profits and losses. Always consider the downside risk. A rule of thumb is to push the leverage button to the west while entering a position before confirmation of your levels. Bet more, and push the leverage button to the east once you have had confirmation/reclaim aligning with your trade direction.
Opting for conservative leverage can safeguard against excessive risk exposure, promotes long-term growth, and can be perfect for your PNL curve.
4 - Net Funding
If you are active on Crypto Twitter, you must have seen many refer to these funding heatmaps to figure out the signs of froth in the market.
Funding is simply the cost of you holding a long/short position. In pair trading, you pay funding on one leg and receive on the other. Net Funding is the cumulative of funding for both the legs involved in pear trading, it makes it a necessary factor to consider when pair trading. We can calculate the same as follows-
you pay the funding rate to be long (A)
you receive the funding rate to be short (B)
net funding = A+B
e.g. ETH above
-0.038% (pay) + 0.006% (receive) = -0.032% on the notional every 8h
These can be indicative/expected levels.
5 - Market & News Induced Volatility
In the trenches of the bear market, we all saw Gary Gensler coming for the crypto industry, and at times coming for particular projects as well. These types of events can induce market volatility and can affect your pair trading as well. For instance, you being a sophisticated trader have sniped what you believe to be the pico bottom of ETH/BTC, and have longed it. Next day, Gary Gensler is on CNBC talking about how he plans to launch a campaign to classify Ethereum, the second-most popular cryptocurrency, as a security. Not only, the market will react to the news, but also affect your current running pair trade. Therefore, it is necessary to keep a track of news around the coins you trade in a pair, and lookout for the events which can cause extreme market volatility.
Above are the most essential things to consider before entering your pair trade on Pear Protocol.
Summary
Consideration #1 - Choose Which Asset to Long/Short
Consideration #2 - Which Asset Moves Faster?
Consideration #3 - Deciding The Degree Of Leverage
Consideration #4 - Net Funding
Consideration #5 - Market & News Induced Volatility
Pear Protocol Education
Original Article
Pear Protocol Twitter
Pear Protocol Discord
Wednesday, April 24, 2024
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Please help me. I feel like I cannot go on and I don't know what to do anymore. Full story in post.
I’m a very private person, and this is really doxxing my life by getting into these stories that I am about to share. But I am sincerely at a point that I don’t know where else to go, what else to do, or who I can talk to. I am at the bottom mentally, emotionally, financially, and physically. And I don’t know how to get up again. (And I say physically, because the stress of everything has had me lose nearly 40 lbs of weight).
In all ways, I am in between a rock and a hard place. I see no way out and no path to any type of future.
So… here goes my story. Mods, I ask that you please consider allowing this to say. But I understand if it must be removed.
One evening, my wife and I were lying in bed. She told me I was her soul mate and she could never ask for anyone else on this planet. It was literally about one week later, which was exactly 15 months ago, that she randomly came to me and said “I’m not in love with you anymore, I want a divorce.” My mind was in such a complete shock that I don’t even know how to describe the process it was going through to attempt to comprehend what in the world possibly happened to change things. For months and months I rode my bicycle just to get away and cry to myself not just from the pain of it but from the 'not knowing' part.
So, the simple solution here would be for her to move out. She refused to move out, even up unto this day, she will not move out. I got in contact with an attorney, and he advised me that she should be the one leaving. Unfortunately our finances do not allow for either of us to go anywhere or do anything. (and I say she refuses because I mean that, in a sense, she has friends she could live with. They are not in the same city, but she does have good friends that she's known for decades).
I battled this so hard and was unable to ever get an answer from her as to what happened to our 10+ years of marriage and what made her choose this path. “I’m not happy anymore”, “it is what it is”, “what do you want me to do about it,” “I can’t change how I feel”, are the responses I got. I felt, and still feel, crushed.
Over the course of nearly a year I worked on trying to fix anything and everything - trying to identify any problems, trying my best to rekindle things, and, for a very brief moment, she said we’d “see what happens.”
About four months ago she randomly came to me again and this time said we needed to be in separate rooms.
I sincerely feel like I am being emotionally and psychologically tortured. I have to see her every day and still have conversations about her schooling, what she’s doing in life, etc., but somehow separate in my mind that we are just ‘friends’ at this point. I have seen no one else - nor has she (to the best of my knowledge). About once every few weeks, she’ll attempt to have a blow out argument with me over things that make no sense - like if a fork was left on a counter, or if I did something that, in her mind, wasn’t right. I say attempt because I refuse to give my energy to any of it. I just can't. I have to keep things peaceful for my child.
I feel like I am literally in purgatory and that I cannot ever escape, as if I'm in a black hole that has sucked me up and will not allow me to leave.
My interest is ensuring that my daughter is not wound up in all of this. At the end of the day, she sees and hears things and wonders if Mom and Dad are going to make things work; it’s not fair to her to have to go through this. I spend a lot of extra time trying reading her scriptures about love, happiness - overall trying to give her a solid, positive environment. All the while, ya'll, I am slowly turning to dust.
I sent my wife a text that, if it was typed on word, must have been at least 3-4 pages long. She gave me no response - the underlying message was that I needed to know what we were doing so that we could begin moving on with our lives and determining what the future would look like, custody, etc. I approached her and asked her the next day and she said “How do you want me to reply?” To which I asked her if this was what she was wanting. All I got was a “…yeah.” So, after 15 months, I finally decided it was time to go ahead and file the paperwork. Yet I sit here wondering what that’s even going to do - I can’t afford to file it and, even after I file it, we’re still here - stuck in some weird limbo/purgatory.
To compound all of this, I work one full time job and one part time job and still just barely make the ends meet. And I am just continuing to push and push for my daughter. I am constantly putting off one bill to pay another - fronting my current paycheck to pay a bill that was due two weeks ago, etc. We have one car and it was purchased when the used car market was sky high - so now we’re ridiculously upside down on it and there’s no way out of that. Even if one of us could move, the other one of us does not have transportation.
We have sold nearly everything we own (as we moved into a furnished house), outside of a couch, a dining table, our computers, a few Bitcoin magazines I have, and some random miscellaneous things.
I cannot afford to leave. I do not see any situation that would ever grant me the ability to afford to leave because I am working so hard just to pay the bills we currently have. I have no resources at my disposal. None. I found a little 600 square foot place that I figured my daughter and I could move to but I can’t cover a) the move-in costs, b) ensure that my spouse has somewhere to go, and c) I don’t meet the requirements due to income levels, anyways.
I thought about just renting a room somewhere - and literally the only rooms I can find for rent are 2 hours away from my daughter’s school. She suffers from autism and I absolutely cannot pull her out of the school she’s in. I need to stay living in the same area to ensure she has the education that will allow her to succeed in this life.
To add to all of this, throughout the last four years, we've had six deaths in our family and I think the its really taken its toll on both of us.
And now, my only friend, who told me I didn’t even need friends because she’d never hurt me and always be the one to be there for me, doesn’t want to be around me anymore.
I literally do not know how much more gas is left in my tank, y’all.
Ultimately, I’ve determined we need to pay off the current vehicle, or at least get us out of it, have a second mode of transportation, file the divorce, and ensure that we each have a place to live while we raise our daughter - even if it’s just a small 300-500 square foot space. I don’t care.
We used to own an art company and got rid of it it and I recently tried to start that back up again over on Etsy in order to use the funds for helping with all this (if you feel like checking out the prints, not trying to spam, but you can see them all here - maybe someone finds something they like and ultimately can help me by grabbing a print.)
I really need coping techniques and skills to get me through all of this. This sub is chalk full of resources but my situation is so specific and so odd and out of place. If you have anything, even just a kind word, that would be sincerely appreciated as well. I went to one of our local churches who informed me they had events on Wednesday evenings and I can’t make time to go because I’m at work during those times. On the weekends I try to give my daughter as much of my time and energy as I can.
If you all know of anything. Anything at all. Please let me know.
*I must note that I am [b]not[/b] considering taking my life nor would I ever. I have a daughter to support and she is the reason I continue to go everyday. I will say, however, I am so very weary and I am almost completely out of strength.
Thank you all for reading. I have no one aside from my daughter, and I obviously cannot discuss this stuff with a child. So even a comforting story or message is appreciated. Or if perhaps you've been in a similar situation or story, I'd love to hear from you.
Thank you for reading.
How To Buy 99Bitcoins (99BTC) - Step-By-Step Guide
In this article, I will show you how to buy 99Bitcoins, So let's go!
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it's important to chose a wallet that supports ERC-20 tokens as this is 99BTC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into 99BTC.
Step 4 – Connect Wallet to Presale Dashboard
Go to 99Bitcoins website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy 99Bitcoins Token
Investors will see an order box on-screen where they can either select ETH or USDT to use for the exchange. Investors also need to decide the amount of 99BTC coin you want to buy; the minimum investment is 1,000 99BTC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim 99Bitcoins Token
Once 99Bitcoins presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the 'Claim' button on 99Bitcoins homepage. That's all for how to buy 99BTC.
Click Here to Get 99Bitcoins Presale Bonus Now
Is 99Bitcoins legit
99Bitcoins is a fully legitimate project that has taken numerous steps to ensure investor confidence. The project is a new learn to earn token and it's speculated to become the next Bitcoin.
99Bitcoins prediction
I expect nothing less than 100x from 99Bitcoins, considering the fact it's super hyped and we're in the bull run, money flowing from different angles, Am confident on 99Bitcoins and am taking the bold step to invest $200k into 99Bitcoins.
The Verdict?
In conclusion, this guide has addressed everything investors need to know when purchasing 99Bitcoins.
At the time of writing, 99Bitcoins is available for cents guys – the lowest price that investors will be able to acquire them. However, the presale is selling fast meaning investors will need to act quickly before they sell out.
Visit 99Bitcoins Now and get exclusive presale bonus
Is 99Bitcoins a good investment?
There's a high speculation that99Bitcoins could be a outstanding investment opportunity since it's a learn to earn token which has the potential to make you a lot of money. With no doubt, there's every chance that 99Bitcoins will be among the top players in this industries. You don't want to miss out on 99Bitcoins, >>CLICK HERE<< to buy now.
MTG Arena Tournaments With BitcoinCash Prizes
Hi everyone, just wanted to let you know about afifthofgaming.com, an automated tournament platform build on the BitcoinCash blockchain, we have been playing Standard for a while and just created a new guild for Explorer tournaments.
Explorer events are going to repeat every 5 days at 5PM EST (23:00 CET). Tournaments have no entry fee (for now) and a decent prize pool in BitcoinCash, paid out to the top players (depending on how many participants there are) as soon as all games have been played. You can find the next event's page here, make sure you also join our Discord, channel #cult-of-bolas.
If you aren't interested in playing Standard or Explorer, you can just create a new guild for whatever format you prefer, it's free!
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