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Author: External Team

  • SpiderVPN and SpiderDAO: The next generation of internet privacy and security tools

    SpiderVPN and SpiderDAO: The next generation of internet privacy and security tools

    With more people than ever working from home due to the COVID-19 pandemic, the market for Virtual Private Networks (VPNs) saw its largest ever increase of ~27% in 2020 according to a report by Global Industry Analysts, Inc. For privacy-conscious internet users, it’s clear that a good VPN is worth paying for.

    For some, it’s even a bit more than that. A new project called SpiderVPN has taken a more decentralized approach to VPN services by offering users a VPN router which not only improves their own privacy, but also enables them to get paid for renting out their bandwidth in order to help other internet users get high-performance VPN service as well.

    This unique value proposition has caught on fast, enabling the network of VPN routers to expand and continuously improve the performance of the VPN network as it does so. Now, the team behind SpiderVPN is preparing to launch a novel DAO (Decentralized Autonomous Organization) that can be robust and resilient against the adversity often faced by privacy-focused organizations in the Digital Age.

    Adding to that, we have learned that CEO Nathan Varty will be a recipient of a Web3 grant to support further development of the project. That serves as further proof that the decentralized VPN network and the new DAO governance model can play important roles in the advancement and adoption of decentralized protocols globally.

    A New DAO Governance Model

    Decentralized Autonomous Organizations are an innovative governance structure that enables communities to self-organize such that they can collectively own and manage resources without a centralized authority or hierarchy, whilst maintaining accountability, agility, and transparency in their decision-making processes. 

    There are several prominent DAOs in the cryptocurrency world today, including Maker, Aragon, and Decred. However, the concept is still quite nascent, and we are still learning about ways that DAO structures can be improved. In particular, there are some issues with today’s DAOs:

    • Plutocracies: proof of stake-based systems give voting rights proportionally to tokens owned, enabling just one or a few “whales” to have significant influence over decision making.
    • “Dark DAOs”: entities that use smart contracts and market manipulation to undermine trust in voting systems and eventually take control of them.

    SpiderDAO is introducing a dual-governance model that addresses these issues. To cast a vote in the SpiderDAO governance system, users will need a high-performance SpiderConnect Router connected to the Spider Virtual Private Network, as well as some SPDR tokens staked. Each router gives its owner one vote in the network. Meanwhile, safeguards are in place to prevent individuals from hoarding routers in order to gain more voting rights, preventing the formation of plutocracies.

    In addition to their voting rights, the SpiderConnect Routers will automatically be integrated with the decentralized SpiderVPN (dVPN) service, enabling owners to use the internet with anonymity and enhanced security, plus a host of other premium features including network monitoring, IP filtering / blocking, kill switch control, geo filtering for gamers, Deep Packet Inspection (DPI), and ad blocking techniques.  

    Meanwhile, funding for the SpiderDAO will be accumulated in SpiderVault, where it can be used for improving the greater Spider ecosystem as voted on by the DAO members. 2% of all proceeds generated by services of the DAO, such as SpiderVPN, will automatically go to the Vault. 

    Utility of the SPDR ERC-20 Token

    On top of voting rights in the SpiderDAO governance system, SPDR tokens will also provide access to the SpiderDashboard, which has the following features:

    • The SpiderMarket for buying and selling bandwidth 
    • The SpiderDAO governance system
    • Hardware management
    • VPN rewards
    • Liquidity mining
    • A wallet for sending and receiving tokens
    • Access to more future products

    60% of the SPDR token supply will initially be designated for liquidity mining. Users who stake LP tokens (liquidity provider tokens such as UNI-V2 on Uniswap and BAL on Balancer) in the SPDR/ETH and SPDR/USDC liquidity mining pools will thus be able to unlock more of the token supply the longer they remain active in the liquidity mining program.

    Importantly, SpiderDAO is introducing a Liquidity as Utility (LAU) model which allows users to simultaneously participate both in liquidity mining and in the DAO governance, differentiating it from other liquidity mining programs which typically don’t allow for tokens to be staked elsewhere while in the liquidity mining pools. 

    The SPDR Token & Earning Rewards 

    While SpiderVPN continues to grow and more people earn revenue with their routers, the SPDR Token has also started out well. It was the first token ever on Polkastarter, a DEX built for cross-chain token pools and auctions, with a 200k SPDR Token Liquidity Pool on Polkastarter selling out in the first 20 seconds and a 500% price increase in the first day of trading.

    Meanwhile, liquidity miners are earning an astonishing 800% APY (annual percentage yield) through the LAU model at the time of writing, which is sure to attract more attention in the coming months. 

    Strategic Sale Details

    The SPDR Token Strategic Sale started on December 15th. Tokens are sold at a price of $0.02 USD, with a total available supply of 100,000,000 tokens.For more details about the SpiderDAO and SPDR, visit the official website: https://spiderdao.io/

  • The Chronology of DeFi Since Inception until 2020

    The Chronology of DeFi Since Inception until 2020

    Anton Chashchin, Commercial Director at CEX.IO Loan

    Decentralised finance or DeFi was already present in 2015 when Maker Foundation launched a decentralised lending platform under the name Maker DAO. But DeFi did not shape up until 2018. In early 2018, Uniswap was already a functioning service, and Compound was launched in 2018. But even then DeFi was not nearly as popular as it became in 2020.

    Money-lending protocols

    Maker DAO, being the first decentralised money-lending platform, was the niche leader in 2018 when its MKR governance token reached over $1 billion in market capitalisation on 20th January 2018. But then it dropped quickly, being driven down by the global downfall of the cryptocurrency market. Later, Compound rose to prominence and took the lead over decentralised money-lending services until January 2020.

    Then Aave launched the alpha version of its Aave v1 platform, which saw a rapid liquidity growth in a short while. The breakout of the COVID-19 pandemic left an imprint on the rising popularity of DeFi money-lending services because of the passive income they generated.

    Then Compound issued its mineable COMP governance token, and it quickly increased the profits of Compound liquidity providers because it quickly grew in price, letting people gain from the token’s increasing price along with the constant passive income they had from the liquidity they had locked in the protocol. The platform quickly saw a humongous liquidity inflow totaling $1 billion, while the COMP token grew from $62 to $372 from 18th July to 21st July 2020. That was the starting point of the DeFi boom. Aave followed suit and launched its own governance token AAVE. Its price grew rapidly along with the growing liquidity in Aave protocol.

    Then Balancer was launched – another DeFi money-lending protocol, forming the three dominant species in the DeFi money-lending space. The project offered a similar profitability model to that of his older rivals, issuing its token BAL in the amount of 25 million. The token’s price reached a high of $37 on 30th August but got cheaper in autumn, falling to the $9 – $17 zone in September – November 2020. Contrastively, AAVE consistently grew into autumn and winter, reaching multiple all-time-highs, with the last one at over $95 being registered on 19th December 2020.

    There was also yearn.finance, whose YFI governance token saw an incredible growth of around 124,400% from 18th July to 19th September. The token’s astronomical price growth owed to the fact that its founder Andre Cronje, who single-handedly developed the platform, did not hold any investment rounds. The platform is centred around money borrowing and lending and its governance token, allowing the lenders to earn on their locked value and the token’s price growth.

    Decentralised Exchanges

    In the early 2018, decentralised exchanges (DEXes) were getting launched, but they did not have a big audience at that time due to low liquidity volumes and lower operational capacities compared to centralised exchanges. The first successful one was Kyber Network. Its liquidity grew consistently but slowly. Integrations with other projects helped to grow trading volumes on its DEX.

    Uniswap was the first decentralised exchange of the second generation – DEX 2.0. Uniswap made a good user interface and saw a quick growth of trading volumes on its DEX, biting off some of Kyber Network’s volumes.

    As decentralised exchanges grew in number, their growing popularity giving rise to new competitive projects in the field, so-called DEX volume aggregators started to appear. They combined liquidity from different DEXes in one place, letting traders trade derivatives and assets with relatively low liquidity on DEXes with higher volumes in one place. The first such project was 1inch exchange, another one – Paraswap. They both positively affected the whole DEX space, rapidly driving DEX trading volumes to historical records.

    Synthetic Assets

    Synthetic assets were the third big thing in the DeFi space. Synthetic assets are derivatives like contracts for difference that can be created for any asset. Synthetic assets in the DeFi space are created using a single digital token that is pegged to an underlying asset. Such tokens represent the liquidity locked in synthetic protocols; depending on the liquidity locked in the protocol, people can use this liquidity to create synthetic assets to buy underlying assets for certain amounts of respective tokens.

    Synthetix is the largest project in synthetic assets in the DeFi space. From a user’s perspective, it is a decentralised exchange for derivatives. Synthetix was launched in September 2017 under the name of Havven with a token sale that let Synthetix Foundation raise $30 million by selling 60 million HAV tokens to investors. It was rebranded into Synthetix in 2018, changing the ticker of their token for SNX. The SNX token’s market capitalisation reached a peak of $879 million on 1st September 2020 in the first wave of 2020’s DeFi market surge.

    The second big project in the space of decentralised synthetic assets is UMA. It features its own UMA governance token, which reached a peak of $1.485 of market capitalisation on 1st September 2020. As of December 2020, the UMA token capitalisation has decreased to around $500 million.

    Wrapped Bitcoin

    Wrapped BTC and Ren project were another idea that maximized liquidity in DeFi protocols. They both created protocols for locking of BTC on Ethereum’s network, which made it possible to use BTC to raise liquidity on decentralised exchanges and money-lending protocols like Compound, Maker and Aave. Coupled with Bitcoin’s immense growth after the start of the recovery after the big fall in March, it was a great time for DeFi to benefit from Bitcoin’s growth. And the sharp price growth that this market saw in September and November must largely come from BTC’s price growth.

    Conclusion

    The DeFi space took several years to shape up, and the efforts came to fruition in 2020. The sector’s rise may also be the first signal for high-net-worth individual and institutional investors to tap into the novel industry’s high-return potentials in 2021 and further.

    There is still some undiscovered technological potential in the DeFi space: DAOs and the insurance can be the next big things in DeFi. And the established technologies must have room for further advancements. Therefore, DeFi may keep on driving technological evolution of the crypto space in 2021, while creating new excellent opportunities for extremely profitable investment.

  • Overview of IQN token meant to regulate the gaming industry

    Overview of IQN token meant to regulate the gaming industry

    More than 10 years have passed since the launch of the first cryptocurrency. But for the world of digital assets, this period of time is nothing: there are already more than 7 thousand tokens on the market, and their number is constantly growing. Many of them quickly lose their chances of success, while others make a real breakthrough in the crypto industry. Today we’ll talk about one of those which set the bar high and continues to fulfil its potential – IQN token, meant to solve the problem of the megabuck gaming industry.

    Token mission

    IQN is ERC-20 standard token that was designed to provide users with an additional opportunity to monetize their achievements, competing in games of various genres.

    Today there is much concern about monetization, because the majority of platforms offer a pop-up window with a congratulation and an image of a coin as a prize for achieving excellent results in games. Developers are not concerned with how much time and effort the user spent on the game progress. Moreover, the entire gaming industry is focused on the developers’ profit, when the income of players doesn’t grow at all.

    IQN drastically turns the things round, providing the ability to quickly and easily get assets for good gaming skills, putting players’ efforts at the forefront.The first ecosystem supporting transactions with IQN was the gaming PvP platform IQeon.com. Its developers allowed players to monetize their success in games directly with a crypto token. So, players can get IQN for participating in PvP matches, as well as for free in various competitions and activities conducted by the team of the platform, for winning weekly competitions and as a bonus or a gift from another player.

    IQN token guarantees

    1. IQN is released on Ethereum platform

    Ethereum ranks among top 3 blockchains, which indicates the reliability of the platform and the demand for tokens issued on its basis. Crypto asset holders have open access to the transaction history on Ethereum, which shows the transparency of the system.

    1. Token is listed on BitForex, HitBTC, EXMO, Exrates, Yobit.net crypto exchanges

    Listing a token on trading platforms significantly increases its liquidity. In addition, it opens up new marketing opportunities: thanks to the listing, a huge number of traders will find out more about the token, so adding digital asset to the list of the well-known cryptocurrency exchanges, like BitForex, HitBTC, and EXMO, is a true reason to buy it.

    Moreover, the ability to buy, sell or exchange a token on trading platforms increases its competitiveness. Liquidity on exchanges is a vivid sign that players really get assets for their in-game achievements, and crypto traders readily purchase tokens. As demand for IQN is constantly growing, its price will also go up.

    1. IQN is supported by 7 e-wallets

    Today, IQN token storage is supported by several e-wallets. Among them are the popular web wallet Metamask, mobile multi-currency wallet TrustWallet launched by the well-known Binance exchange, Eidoo, which supports all digital assets of ERC-20, the leader in terms of security – hardware wallet Trezor, and some cross-platform wallets, such as Freewallet, imToken, AtomicWallet.

    1. IQN token received FCAS rating

    IQN was analyzed by the international company Flipside Crypto, which explores cryptocurrency market and provides a fundamental business analysis of digital assets. Its analysts conducted a study after which IQN received FCAS rating that is publicly available on CoinMarketCap.

    In addition, in the fourth quarter of 2019, IQN smart contract was tested by the well-known company KnownSec. According to the report, no serious code vulnerabilities were found in token smart contract.

    Summary

    At the moment, many crypto traders underestimate the potential of IQN, which happens due to the not large popularity of the token and the overall tough situation in the digital asset market. However, the long-term forecast for IQN has many positive factors.

    Firstly, the modern gaming industry is hundreds of millions of players around the world and huge turnovers of eleven-figure sums of money. While non-gamers consider games a mediocre useless distraction, the gaming market is growing with such a tempo that it surpasses the biggest Hollywood movies’ revenue.

    In 2019, the capitalization of video game industry exceeded $120 bln. Analysts say that it will continue to grow: each year it’s going to increase by 11%. Moreover, players have become more demanding, the ability to convert time and effort invested in games is more relevant than ever. This means that IQN occupies a promising niche and has excellent growth prospects.

    Secondly, there are real experts in their field with innovative ideas standing behind the token. The team took an excellent development course: it establishes partnerships with gaming platforms, which allows the project to strengthen its influence and increase demand for its asset.

    Thirdly, token rate is growing steadily: in just six months, the price of IQN has increased by 132%. At the time of writing, IQN is traded at $2.22, according to CoinMarketCap.

    It is worth understanding that if the project continues to expand the list of games, applications and services that support IQN operations, the token rate will skyrocket. Therefore, experienced investors have all eyes on the project.

    Our verdict: IQN is definitely worth paying attention to. The potential of the token is huge, however, in order to estimate it, you need to be patient: we advise you to diverse your portfolio and take a wait-and-see approach, because with the development of the coin, investors can only win!

  • 1xBit Casino Adds BNB To Supported Cryptocurrencies

    1xBit Casino Adds BNB To Supported Cryptocurrencies

    Bitcoin Press Release: 1xBit casino announces support for the use of the Binance Coin (BNB) cryptocurrency on its betting platform. 

    17th December 2020, Limassol, Cyprus – Top crypto casino 1xBit has added Binance Coin (BNB) to its long list of supported cryptocurrencies. Henceforth, users of the platform can utilize the cryptocurrency to bet and earn many rewards and bonuses available for them.

    What Is BNB?

    BNB was created in 2017 as an ERC20 token on the Ethereum blockchain. In 2019, the ERC20 BNB tokens were swapped with BEP2 BNB during which the Binance Chain was launched, and now it hosts the coin. Since then, BNB has become the native currency used to run the Binance Chain blockchain.

    BNB coins are pre-mined, which means there is no need for a system to mine new coins like the case of Bitcoin (BTC). It is worth noting that Binance Chain uses an algorithm known as Byzantine Fault Tolerance (BFT) for consensus. In this mechanism, validators earn coins by helping to validate transactions.

    How Is BNB Used?

    Currently, BNB is the 7th largest cryptocurrency by market capitalization. Its growth to this level can be easily traced to the several things it is used for. It can be used to make payments for goods and services to online merchants. In 2018, it was reported that BNB was available at 2.3 million merchants worldwide. This number is likely to have amplified significantly by now. This is a major way to increase the adoption and value of a cryptocurrency.

    Because of its cheap transaction fees, BNB is used to pay for transactions on the Binance exchange. According to the 2019 year review, Binance processed nearly $3 billion in transactions daily. As the number one exchange in the industry, this will significantly boost the value of cryptocurrency.

    BNB is also used for ICOs on Binance Launchpad. When launching new projects, they conduct an initial coin offering that allows investors to buy the tokens launched. On Binance Launchpad, this can be done using only BNB.

    Binance Coin has become very popular in the world of gambling, another fast-growing use case for cryptocurrencies. As a result, 1xBit now has this crypto available, and users can enjoy all the advantages of using BNB when they sign up on the casino. This is in line with efforts to increase the number of available cryptocurrencies for betting on the platform.

    About 1xBit

    1xBit is one of the oldest and most trusted crypto casinos in the gambling industry. It offers several bonuses, such as the welcome bonus of up to 7 BTC, for its new users after making their first 4 deposits. It has a large number of available cryptocurrencies for gambling, currently over 25. Betting is done completely anonymously, as the registration is simple and does not require a lot of personal details. Users can withdraw their earnings easily and for free because 1xBit does not charge withdrawal fees. 

    Conclusion 

    Now that you have learned about the benefits of using BNB, go ahead and sign up on 1xBit to take advantage of the many benefits, bonuses, and incentives available on the platform. It’s the perfect time to use the BNB token on 1xBit and enjoy the best gambling experience. 

    For more information about 1xBit, please visit – https://1xbit.com/

    Check out the official 1xBit blog for the latest articles – https://1xbit.com/blog/

    Media Contact Details
    Contact name: Anastasia Semenova
    Email: marketing@1x-bit.com

    1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

  • Why Interest Towards DeFi Has Grown in 2020?

    Why Interest Towards DeFi Has Grown in 2020?

    Anton Chashchin, Commercial Director at CEX.IO Loan

    Definitely, speaking of cryptocurrency market niches, we can call the year of 2020 a year of decentralised finance or DeFi. In 2020, we have seen extreme volatility in this market, which reminds us of ICO pumps and dumps of 2017.

    The main reasons for the tumultuous growth of DeFi in 2020 are the evolution of DeFi technologies to a level where a mass-market reach could be the next step and the new bull run of the entire cryptocurrency market that began in September.

    The DeFi market began to originate in the spring of 2018, with one of the earliest DAOs – Maker DAO – appearing on the crypto market scene. At that time the cryptocurrency market was in a downward spiral, with the moods of regret and disappointment dominating the market. It took two more years for the cryptocurrency market to gain a more solid stand among different financial asset classes and for new blockchain-based technologies to emerge.

    Once a technological breakthrough was made, the DeFi space was ready to step forward and began attracting more attention primarily from the experienced audience familiar with proof-of-stake mining and proof-of-stake minting.

    The First Bull Run

    The first major rise in DeFi prices occurred in the summer of 2020. One of the projects leading the upside price action was Chainlink. Its token LINK rose by 55% in the second week of July, signaling the market about a potential new bull run in the cryptocurrency space. The continuing bullish market was a call for blockchain enthusiasts and entrepreneurs to take action and start launching new liquidity farming protocols and decentralised exchanges (DEXes).

    And that was the time when DeFi became the new agenda and started attracting more money from a more general public with its technological novelty and potentials of high returns like ICOs did in 2017. During the first wave of growth, many DeFi assets recorded all-time-highs, proving a high financial potential of the whole niche.

    As all emerging markets, DeFi had its ups and downs during 2020: starting from the middle of September, the wave of cash behind the DeFi sector began to come down, and a phase of corrective price action took hold of the market. But the steep correction did not mean an end for the DeFi sector. As it traditionally happens with financial assets, after the prices fell broadly across the DeFi space, many began to see it as an opportunity for a second entry into the novel asset class at more than decent price levels.

    It would be fair to say that the first upswing in August – September set a benchmark on the price charts of DeFi assets. And that was a call for institutional investors to keep an eye on the new emerging market.

    The November Recovery

    Starting from September 2020, the DeFi sector began to see a growing inflow of users in the sector. According to the crypto market data aggregator Dune Analytics, the number of unique addresses in DeFi projects has grown by 925,573 and over 9 times since the start of 2020.

    After the inflow of new users, the market did not have to wait long for a price recovery, which began in force in November. And this time high-net-worth investors may be more active participants, since this sector is getting more mature.

    The recovery began more definitely after the U.S. presidential elections public vote and Bitcoin’s 10.5% of profit on 5th November. In the second week of November alone, SUSHI/USD grew by 96%. In the first two weeks of November, RUNE/USD grew by 124.5%. In comparison with that, the 64.6% YFI/USD growth looks even modest.

    By the pace and style of that recovery, I can rather confidently assume that professional investors were not left outside the DeFi space this time. At the end of November the recovery was put on hold, as high-net-worth holders were locking in their profits. But to me this looks like another buy-in opportunity into DeFi.

    Latest Developments

    In December, DeFi assets were trading differently. SUSHI was the most gainful asset among all DeFi market cap leaders, having risen by 50%. In contrast, UNI – the token of decentralised exchange Uniswap – lost over 11%. But most of other DeFi assets have been growing at a modest pace, which is a sign of stabilisation. This may in turn be positive for the presence of institutional investors in this market who usually tend to compromise profits for a better market predictability.

    Conclusion

    In conclusion, I want to point out that the general 2020’s market picture around DeFi indicates high return potentials, and despite all skepticism that we have seen towards decentralised finance this year, it only more looks like a market with growing liquidity rather than some new plaything for blockchain enthusiasts.

  • dCloud Storage Platform SINOVATE & Blockchain Marketing Agency Bitcoin PR Buzz Announce Partnership

    dCloud Storage Platform SINOVATE & Blockchain Marketing Agency Bitcoin PR Buzz Announce Partnership

    14th December 2020, Turkey – dCloud storage platform SINOVATE and veteran crypto marketing agency Bitcoin PR Buzz announce a key partnership to highlight the increasing need for a more viable long-term dCloud data solution, and reinforce the importance of industry partnerships for the adoption of dCloud worldwide.

    What is SINOVATE? 

    SINOVATE (SIN) is open-source state of the art community-driven digital cryptocurrency, and 

    decentralized cloud data storage platform. Voted ‘Most Exciting Data Protocol’ at HackerNoon Noonies 2020, SINOVATE has developed its in-house DIN technology with the aid of Incorruptible Data Storage (IDS) to bring the dCloud market a solution like nothing seen before. 

    IDS is the SINOVATE decentralized private cloud network mechanism for sending, storing, and verifying encrypted data files. IDS uses the ‘MINI SIN’ Infinity Node Layer and blockchain architecture to process and store data. 

    Realising the need to improve upon existing and inefficient models of masternode storage, SINOVATE have released their fully in-house designed and written masternode structure, DIN. DIN’s code has been designed to work in perfect harmony with IDS, which needs the nodes to store and transfer decentralized data. This means that the node is provably fair with its rewards, removing the potential for chain splits, as on-chain nodes Schnorr MuSig instead of dated BLS signatures.

    SINOVATE’s DIN & IDS provide an impregnable foundation for countless other projects to build their solution on, offering superior security to anything seen before. Highly secure decentralized data storage and transfer equates for a massive use-case for any startup requiring fast, secure data storage: That is just about every company in today’s modern world. 

    SIN coin rewards provide the two-pronged benefit of incentivising users to maintain nodes, stimulate healthy network growth and stability. The Proof of Burn feature mitigates against token dumping and counteracts the inflationary issues seen in similar projects, whilst having no limit to the number of nodes on the network addresses any questions about scalability. 

    Bitcoin PR Buzz – Industry Recognised

    Founded in 2012, Bitcoin PR Buzz is a leading crypto marketing agency and an early pioneer for Bitcoin mass adoption, helping to give a voice to some of the first disruptive projects in the crypto-sphere. The company works with emerging innovative projects, helping them to break-out into the global market by leveraging its strong, long-term partnerships with major blockchain, mainstream, and fintech media providers across the globe. 

    In September 2020 Bitcoin PR Buzz helped Bridge.Link to sell out its 8 Million USD IEO in 6 hours, and In 2017 Bitcoin PR Buzz helped payment protection provider UTRUST to secure the $21 Million USD Hardcap target for its ICO. Other notable work includes a long-term relationship with blockchain heavyweight ARK, and a partnership spanning over 5 years with online gaming industry leader Coingaming. 

    SINOVATE for Mass Adoption

    Bitcoin PR Buzz has worked with over 850 companies across industries including blockchain, e-commerce, gambling, trading, pharmaceutical/medical, and gaming – but it is in its long-term industry partnerships that it sees the most value for blockchain mass adoption. 

    The Bitcoin PR Buzz and SINOVATE partnership will create a launchpad to educate the market about the potentially groundbreaking Deterministic Infinity Node (DIN) technology, how it could completely revolutionize the data storage market, and reinforce the the importance of industry partnerships in order to achieve the mass adoption of blockchain technology.

    SINOVATE Blockchain Developers 

    SINOVATE’s rise in the dCloud Industry is largely thanks to its innovative blockchain developers Xuantan Nguyen (Xtdev) and Giacomo Milligan. (Giaki3003/SINTOSHIS).

    Xtdev is a highly experienced Big data and data mining specialist. He is also the innovator of Deterministic Infinity Nodes and one of the lead developers and Master SINOVATORS of SIN.

    Giaki3003 is the second lead developer on SINOVATE team and fellow Master SINOVATOR. He is also a highly experienced blockchain core developer, as well as Innovator of the upcoming PoS4 custom proof-of-stake algorithm, and hybrid consensus. 

    Together they make a uniquely experienced and highly skilled duo and creators of the technical evolution that is SINOVATE. 

    Looking Ahead for SINOVATE

    SINOVATE launched its innovative Deterministic Infinity Nodes (DIN) 1.0 via hard-fork on November 21st 2020, and already has an impressive 1450+ nodes running perfectly, with expectations to increase this to 5,000+ nodes by mid-2021. This next milestone is expected to coincide with the next big hard-fork BETELGEUSE, which will see many of the exciting IDS-based (dCloud, blockchain mail, SIN mobile messenger) solutions with launch in Q2, 2021. DIN’s code is likelyto become the reference point amongst masternode structured coins as the standard.

    The first iteration of IDS-based solutions will include the potential functionality of “datastore” for file-saving on the DIN blockchain provided by bFTP protocol, the sending of mails on anonymous way with SIN Mobile messenger, and updates like the fourth generation of Proof-of-Stake (PoS) that will allow to add passive incomes alongside DIN and the HCO program.

    For more information about SINOVATE, please visit – https://sinovate.io/
    Join the conversation on Discord – https://discordapp.com/invite/CWbnW5y
    Official SINOVATE Telegram Channel – https://t.me/SINOVATEChain
    Official SINOVATE Medium – https://medium.com/@sinovatechain
    Keep up to date on Twitter – https://twitter.com/SinovateChain

    Media Contact Details
    Contact Name: Alex Thurston
    Contact Email: alex.t@bitcoinprbuzz.com

    SINOVATE is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

    About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

  • XPocket: The First Crypto Wallet Designed With DeFi in Mind

    XPocket: The First Crypto Wallet Designed With DeFi in Mind

    It would be a massive understatement to say that DeFi (Decentralized Finance) has changed the blockchain ecosystem in 2020. It would be much more adequate to say that DeFi has completely revolutionized the cryptocurrency market. Both individual investors and industry giants are enthusiastic about the possibilities provided by DeFi solutions, and the DeFi boom is expected to continue in 2021. One of the most influential recent events in Decentralized Finance is the development of XPocket: the first crypto wallet designed to be fully compatible with DeFi.

    Unleash the Full Potential of DeFi With One App

    Investing in traditional cryptocurrency coins and tokens such as bitcoin, Ethereum or Ripple is a relatively easy process. An investor can simply purchase the desired asset on a centralized exchange such as Binance or Coinbase, and send it to a wallet for holding.

    Compared to that, investing in DeFi is slightly more complex. Most of the promising, undervalued DeFi projects are not listed on centralized exchanges, so it’s necessary to use DEXs (decentralized exchanges) like Uniswap to purchase DeFi tokens. Decentralized Finance assets provide extended functionalities such as yield farming, which are not supported by generic crypto multi-wallets, so the user often has to use a dedicated app for each token.

    XPocket is the first cryptocurrency multi-wallet designed specifically with DeFi in mind. It is a one-stop solution which combines all the tools needed by DeFi investors into one, powerful application. XPocket is not just another crypto wallet: it’s a multi-functional DeFi app which aside from the basic functionality of sending, receiving and storing cryptocurrency, also provides a vast array of extra features, such as complete support for DeFi solutions like NFTs and yield farming, or the fully-integrated exchange Pocket Swap.

    Pocket Swap: All Functions of a Cryptocurrency Exchange in Your Wallet App

    Pocket Swap is a decentralized, Ethereum-based exchange protocol which empowers people to effortlessly and securely swap their digital assets between many different blockchains. In simple terms, Pocket Swap is a completely functional DEX (decentralized exchange) similar to Uniswap, but one that you can use directly from your XPocket wallet app.

    Pocket Swap enables XPocket’s users to pool their tokens into smart contracts and trade against these liquidity pools. The users can not only easily swap tokens, but also earn fees by adding tokens to a pool. With XPocket you don’t have to worry about security issues while using DEXs, because your wallet app comes with an extremely secure, integrated decentralized exchange.

    The ability to use all the features of an advanced decentralized exchange directly in your wallet app not only increases the security of your assets, but it also can help you save a lot of time. You don’t have to worry about fees either, since Pocket Swap only has the minimal 0.3% fee on every trade and transaction.

    The Best Crypto Wallet to Make Money With Yield Farming

    Yield farming is one of the most popular applications of DeFi. In essence, yield farming is lending cryptocurrency so that it can be put to work, instead of just being held in a wallet. With yield farming, tokens can be placed in liquidity pools which are used to power DEXs. Yield farming rewards users with fees and interest, and it’s an easy method of quickly making money with crypto, in a much more simple way than trading or mining.

    With XPocket, users are able to earn money directly in their crypto wallet, without having to use any external websites and apps. In exchange for lending their digital assets to the Pocket Swap liquidity pools, the users are rewarded for their contribution with a portion of the swap fees.

    A fee of 0.3% is taken on every transaction and trade made on Pocket Swap. 0.25% is being distributed as rewards for the liquidity providers proportionally to the number of tokens they have provided to a liquidity pool. If a user provides half of the pool’s liquidity, he will be rewarded with 50% of the collected fee. The remaining 0.05% of the fee goes to the top 150 XPocket token holders.

    The Perfect Wallet for NFT Collectors

    NFTs (Non-Fungible Tokens) have been around for years, and most crypto investors have heard about NFTs such as CryptoKitties. The rise of DeFi solutions is making NFTs increasingly popular again, with a lot of exciting new blockchain projects combining DeFi with Non-Fungible Tokens.

    In simple terms, NFTs are digital collectibles similar to trading cards or works of art. Each Non-Fungible Token is completely unique, and its rarity is secured with blockchain technology. The most rare NFTs can even be worth hundreds of thousands of dollars, so collecting and trading them is a superb way to make money in the crypto ecosystem.

    XPocket users are able to store different types of collectibles, digital artworks and other NFTs in one place – directly in their everyday crypto wallet. In the near future, XPocket users will also be able to purchase limited edition, exclusive XPocket Non-Fungible Tokens.

    Prepare for 2021 with the Best DeFi Crypto Wallet

    Investors who want to be successful in the crypto ecosystem have to think ahead and plan their next move in advance. The DeFi market will almost certainly continue to grow in 2021, so it’s essential to prepare all the necessary tools that will make investing in DeFi maximally efficient.

    XPocket is the first crypto wallet designed specifically with DeFi in mind. With XPocket, the users can replace dozens of different crypto wallets, centralized exchanges and DEXs with a single app. From securely sending and receiving cryptocurrency transactions, through instantly swapping one token to another, up to supporting advanced DeFi features like yield farming and NFTs – XPocket users are able to do all of this in one app, giving them an advantage over crypto investors who still use outdated wallets. 

  • Get bonuses and use high leverage trading, has become the mainstream of the crypto market?

    Get bonuses and use high leverage trading, has become the mainstream of the crypto market?

    With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion. 

    Bitcoin’s high volatility makes a comeback and presents more opportunities for traders to make profits. Taking advantage of the price swings and leverage offered by brokers, trading can easily generate 100% or even 1000% ROI. 

    To help traders earn more cryptos, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you mdeposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit.

    How Does Leveraged Trading Work?

    Assume we use 1 BTC to open a long contract when Bitcoin is trading at $10,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC. 

    One day later, the price of Bitcoin increase to $10,500.The profit will be ($10,500 – $10,000) * 100 BTC/$10,500 *100% = 4.76 BTC, making the ROI 476%.

    Now, with Bexplus’ 100% bonus, our initial investment would be 2 BTC, and our realized profit made with these 2 BTC will be 9.52 BTC, and the ROI will also be doubled to 952%.

    Why choose Bexplus?

    Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support. 

    • No KYC

    No KYC protocol is strictly carried out throughout every process. Registration only requires email confirmation and only takes a minute.  Bexplus provides services to traders from 30+ countries, including the USA, Japan, Korea and Iran. 

    • Demo account with 10 BTC

    To help traders better familiarize themselves with leveraged trading, Bexplus has launched the trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.

    • 24/7 withdrawal and 24/7 customer support

    You can submit a withdrawal request anytime you want. You can have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems when using Bexplus, you can contact customer support via different channels, such as e-mail and live chat.

    • BTC wallet: up to 30% annualized interest without any risks

    If you want to take a short break from trading, the Bexplus BTC wallet can help you generate juicy profit without taking any risks. With up to 30% annualized interests, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

    What can I do with the bonus?

    Bonus is not withdrawable, but traders can use it as margin to open bigger positions and take more profits. Profits made with the bonus are withdrawable. Besides, with bigger margin, traders’ positions are less likely to get liquidated when there are huge price swings. 

    You might miss the opportunity to buy cheap Bitcoin, but you still can make handsome profits with the revival of Bitcoin. If you are prepared to accumulate more BTC, join Bexplus and claim your bonus now!

    Follow Bexplus on:

    Website: https://www.bexplus.com/
    Telegram: https://t.me/bexplusofficial
    Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
    Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

  • Everything That Will Grow LPNT And Its Financial Value In Cryptocurrency Market

    Everything That Will Grow LPNT And Its Financial Value In Cryptocurrency Market

    LPN TOKEN is a global leader in the domain of forex trading. The group is renowned for providing forex trading services of the highest quality on MT-4 and MT-5 to satisfy more than two hundred thousand users.

    Much of its credit goes to LPNT’s team of the world’s best forex trading specialists and liquidity providers like Saxo Bank, SwissQuote and GBE PRIME. Therefore, users do not need to be worried about the safety of funds they will trade.

    LPN TOKEN is now offering 200% leverage through NEXT Forex Technologies LLC, LPNT’s Dubai sister concerned company, for cryptocurrency trading.

    The key objective of this is to encourage users to trade in forex, shares, precious metals, soft commodities and indices for taking LPN TOKEN’s utilization, circulation, demand & supply to the next level.

    This could be possible only when LPN TOKEN will be utilized on multiple platforms. LPN TOKEN is already being utilized on multiple platforms.

    The decentralized crypto vault designed and developed to safeguard funds in users’ wallet/account is one of the key platforms that the LPN TOKEN is already being utilized already.

    The decentralized crypto payment gateway is a functionality that helps users process the payment of forex trading related services and much more. This payment could be processed using a decentralized LPN TOKEN wallet, another key attribute of LPN TOKEN.

    LPN TOKEN, a multi-utility cryptocurrency based on ERC20 protocol of Ethereum blockchain. Its  financial potential could be utilized in all walks of life using LPN TOKEN wallet, vault and payment gateway.

    The role of strategy devised to increase utilization, circulation and demand & supply of LPN TOKEN In cryptocurrency market can also not be underestimated.

    Utilization, circulation and demand & supply are three basic rules of economics.

    Coming back to the point, LPN TOKEN is already being utilized on various platforms. This will increase the circulation of LPN TOKEN.

    Increased utilization will result in increased circulation of LPNT.

    Once the utilization and circulation of LPNT shoots up, the demand & supply of LPN TOKEN will automatically reach the  next level.

    More importantly, the group has managed to get LPN TOKEN, a multi-utility based on ERC20 protocol of Ethereum blockchain, paired with the US Dollar. Only JP Morgan Group achieved this feat before the group.

    About LPN TOKEN

    The LUXURIOUS  PRO NETWORK TOKEN  GROUP is an undisputed leader in the domain of decentralized finance and luxurious transportation service

    Contact Information

    Website: https://lpntoken.io/
    Facebook: https://www.facebook.com/LpnTokenPro/
    Instagram: https://www.instagram.com/lpntokenofficial/
    Linkedin: https://www.linkedin.com/in/lpn-token-98b0b31b1
    Telegram: https://t.me/LPNT_Official
    Twitter: https://twitter.com/lpntoken