MicroStrategy plans to offer more than $600 million in convertible notes
The company intends to use the capital to purchase Bitcoin
The maturation of the notes will be in 2027, but investors can rebuy or redeem according to MicroStrategy’s rules
MicroStrategy is already one of the largest Bitcoin investors, but it seems that the company doesn’t plan on stopping any time soon. Recently, MicroStrategy announced a new plan to offer more than $600 million in convertible senior notes to investors and use the proceeds to purchase even more Bitcoin.
The public statement perhaps helped Bitcoin hit the $50,000 price level for the first time in its history, even though the price proceeded to replace to around $49650. According to MicroStrategy, investors who purchase the notes will will be entitled to interest payments twice a year, on February 15 and August 15. The process will start in the August of 2021. The maturation date of the notes will be in February 2027. But the convertible notes can be rebought or redeemed, according to the rules set by MicroStrategy.
MicroStrategy will utilize the funds to buy more BTC
The first buyers of the notes will have another choice to purchase an additional $90 million during the first 13 days after the notes’ issuance. MicroStrategy wants to use the funds from the sale to buy more Bitcoin.
Microstrategy is only offering the notes to eligible institutional purchasers, and the offering is similar to the previous convertible senior note offering that Microstrategy did last year. MicroStrategy’s BTC holdings total more than 70000 coins at the moment, which translates to over $3 billion at current prices. This amount is only set to grow further dure to the company’s plans to buy even more. The move from MicroStrategy could also encourage other institutions and investors to purchase bitcoin.
Institutions are entering the Bitcoin space, and it means a massive inflow of capital for the relatively small cryptocurrency industry industry. The entrance of firms like MicroStrategy and Tesla to the area could have a snowballing effect, and attracts additional institutional buyers to the market. At the moment, many institutions know about the potential of Bitcoin and cryptocurrencies, and the current bull-run is significantly stronger than in 2017. Bitcoin mass adoption could very well be on the way, and we could see many more institutions coming into the picture soon.
The DeFi market has picked up where it left last year, scaling even to greater heights in 2021. There is over $37 billion in total value locked (TVL) on Ethereum, and this figure is expected to continue rising. The explosive growth has seen some developers within the space abandon the core aspect of DeFi, which is decentralization, as they move quickly to cash in the ongoing buzz. DeFi strives to decentralize various aspects of traditional finance, thereby making services such as credit, insurance, and more available to everyone within the society.
As the DeFi ecosystem stands today, it’s highly fractured with over 355,000 tokens contracts, and the list keeps growing each day. Rather than have these contracts adhere to a unified standard, various developers continue to do things as they please. It’s no longer a valid strategy that keeps fracturing DeFi further and creates unsustainable models.
It’s this problem Jigstack tries to solve through a decentralized autonomous organization (DAO) that promotes quality assurance, brand confidence, reduced risk, and collective power. A simple and elegant solution caters for tokens launches, marketing, and an affiliate scheme all under the same umbrella. This solution is compatible with every Ethereum wallet, which makes its integration easy.
Jigstack Products
The first two products for Jigstack are Lemonade and Ethlink. Lemonade aims to return power and control to the user, allowing everyone involved to achieve financial freedom in a permissionless and automated environment. The concept is molded in the shape of a lemonade stand that is easy to implement and operate without third parties’ interference.
Lemonade serves as a permissionless and hands-free automation DeFi and token launchpad that puts power and control in the users’ hands. And unlike other implementations that are likely to exploit the end-user, with Lemonade, there are no marketers, banks, or third parties to worry about. This platform offers project owners an experience that is similar to running an independent lemonade stand but includes exposure to decentralized financial services.
Who Can Use Lemonade
Lemonade is an excellent tool for anyone who is looking to run a digital token issuance or sale. Its potential usage and impact is limitless since you can tokenize everything on the blockchain. Imagine having to conduct a crowd sale within minutes and not having to worry about being compromised or inconvenienced by intermediaries. This platform offers project owners the freedom to conduct business as they wish without answering to a central authority.
Thanks to this solution, anyone with a working project in hand can achieve tremendous success within decentralized finance. But, success isn’t just guaranteed, and one has to do everything the right way. Projects that opt to leverage the Lemonade platform will be seen as legitimate from day one and will tap into a vast pool of Ethereum users worldwide.
Compared to other launchpads, Lemonade has the cheapest solution for token issuers. It charges a flat fee of 1% of the entire token distribution plus an additional 0.5% marketing bounty. Then 1% of the raised amount has to be put into the network vault – all terms that are quite favorable and acceptable compared to exuberant fees charged by other token launchpads that offer little power to the user.
Ethlink: An Affiliate Marketing Solution
The other product of Jigstack DAO is Ethlink, and it’s geared towards helping projects boost their sales via affiliate marketing in a more efficient and cost friendly manner. This tool is an automated MLM sales and marketing reward tool which replaces traditional centralized affiliate systems with an autonomous solution that rewards users directly.
This allows a project to create its own affiliate campaign within seconds and gain exposure to a global network of users. The users who opt to promote the project will earn a commission paid directly to their Ethereum wallets after individuals click on the ad from their website or social media accounts and go to the project’s page and make a purchase credited to the affiliate link owner. The whole process is automated and runs smoothly, creating a passive income for the project promoter, which gives more people an incentive to promote a given project.
Jigstack plans to launch more products that improve and make DeFi more accessible for the average person, ensuring they get the most benefits. The initial products Lemonade and Ethlink, go well as bread and butter. And projects can combine them to create automated promotional campaigns and sit back and watch as their brands grow exponentially.
InvestLite is a relatively new broker and financial service provider that offers trade in more than 350 CFD assets. The broker believes in facilitating a transparent trade with the most advanced professional analytical tools. InvestLite is ready to meet the expectations of a novice as well as an experienced trader.
InvestLite: Scam or Safe? Account Types Trading Platforms Trading Instruments and Products account opening Trading charges Deposit and Withdrawal Leverage Research Customer Support and Service Education Advantages of trading with InvestLite FAQs
Is Investlite Safe or Scam?
InvestLite is a brand name of Bayline Global World Ltd with registration number SC517838. InvestLite is regulated and authorised by the International Financial Services Commission (IFSC) of Belize under license number 000188/91. IFSC is one top-tier regulatory authority. This means your capital is highly safe with InvestLite.
Is InvestLite legit?
For the security of data and transactions, the broker renders top-class and uninterrupted safeguarding of data:
Robust Firewalls and Secure Sockets Layer (SSL)
Trading servers located in SAS 70 certified data centres
Encrypted transactions
Varied Account Types
InvestLite offers three varied account types; silver, gold, and platinum accounts. These account types are highly customisable depending on the trading levels. Let us look at each account type in detail:
Silver Account
Maximum leverage: 1:200, which is considerably good for all novice traders.
Allows for hedging to buy blue-chip stocks at lesser rates when the market goes bear
Full 10-hour support from 10am – 8pm GMT
Fifth decimal trading
Spreads start from 2.2 pips and add to advantage of trading
Available base currencies: EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/USD, EUR/GBP, NZD/USD, and more.
Gold Account
Maximum leverage: 1:400
Allows for hedging
Full 10-hour support from 10am – 8pm GMT
Fifth decimal trading
Spreads start from 1.3 pips
Dedicated account manager
25% swap discount
Webinars and videos
Available base currencies: EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/USD, EUR/GBP, NZD/USD, and more.
Platinum Account
Maximum leverage: 1:500
Allows for hedging
Full 10-hour support from 10am – 8pm GMT
Fifth decimal trading
News alert
Free VPS
Spreads start from 0.7 pips
Dedicated account manager
50% swap discount
Webinars and videos
Available base currencies: EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/USD, EUR/GBP, NZD/USD, and more.
Free Demo Account:
InvestLite offers free demo or practice accounts for traders and investors to test their skills and strategies. This way, one can learn from mistakes without actually losing money before going live in the market.
Islamic Trading Account
InvestLite keeps in mind the religious beliefs and sentiments of all traders and therefore provides for an Islamic trading account that keeps in mind the Shariah Law. Here are the features of the Islamic trading account:
Dedicated account manager
Commission-free trading
No time limit for holding onto the trading positions
Effortless access to trading platforms
Leverage allowed on trading is 1:400
No hidden charges or re-quotes
24/5 customer support and service
Advanced Trading Platforms
Desktop and Web Trading
With InvestLite, one can pursue web and desktop trading via MetaTrader 4. There is no download required for the effortless and simple WebTrader trading platform.
Features:
In-built, multi-lingual trading support
A full history of trades
Real-time balance level
One-click account switching
Automatic Take Profit/Stop Loss functions
Live support
Operational functionality
Flexible execution
30 technical indicators and 24 graphic objects
Enhanced data protection
Mobile Trading
With InvestLite mobile trading application, one can access markets and trends in the quickest way. Make fruitful trading decisions whenever and wherever you are.
Features:
A highly customisable trading environment
The option of real-time balance check
Take Profit/Stop Loss set up.
Multilingual professional support
More than 60 professional analytical tools
One-tap trading functionality
Seven varied timeframes
On the point updates on the market and rapid news alerts
Wide range of trading instruments and products
The broker offers CFD trade in an expansive range of instruments covering more than 350 assets on the whole. With each instrument, the client enjoys distinctive features and functionalities.
Cryptocurrency CFDs
More than 30 digital coins CFDs are available to trade with the broker.
One can enjoy flexible and low spreads while trading crypto with InvestLite.
The expert support team of InvestLite is available 24/5 so that the crypto traders do not get lost in the wide sphere of trading.
Advanced terminals ensure the most responsive and technologically friendly crypto trading.
Forex CFDs
A vast range of currency pairs to trade from
24/5 expert multilingual support for forex traders
Top softwares and features for data and transaction protection
Rapid execution speed so that the traders and investors do not miss a beat of the forex market
Indices CFDs
One can enjoy flexible and low spreads while trading indices with InvestLite.
The expert team of professionals addresses queries and issues of clients 24/5.
High-end technology permits fast and speedy indices trade.
More than 20 CFDs on indices with InvestLite
Stock CFDs
More than 150 stocks to choose from for utter diversification.
One can enjoy tight and low spreads while trading InvestLite with InvestLite.
The broker offers multilingual support 24/5 on stock trading.
High execution speed aids traders make more profitable trading decisions.
Commodity CFDs
Invest in a wide category of commodities with InvestLite: Agricultural Raws (soy, sugar, corn, corn, sugar), Precious Metals (gold, platinum, silver) and Energies (crude oil such as West Texas or Brent, natural gas, and coal).
High-end technology permits fast and speedy commodity trade.
High leverage and flexible spreads on most of the commodities.
Metals CFDs
Trade CFDs on precious metals like silver, gold, or platinum with InvestLite.
High leverage and flexible spreads on metals.
The broker offers multilingual support 24/5 on metal trading.
Pioneer of diversification:
Since the broker offers six varied categories of reading instruments that imbibe more than 350 CFD assets, it helps in utter diversification which leads to healthy trading. This way, the broker is also able to mitigate risks to a great extent.
Effortless account opening process
The process to open an account with InvestLite involves four easy and rapid steps:
Account: In this step, one has to fill in the personal information like name, location, email address, etc., and then create a password.
Information: Here, more vital information regarding the trade needs to be specified and stated.
Deposit: In the third step, one needs to deposit the funds to trade.
Documents: Lastly, documentation involves submitting the required documents and their verification.
This process may seem a bit lengthy, but it is pursued by the broker to create a trustworthy and faithful community of legitimate traders and investors.
Low trading charges
The trading charges of InvestLite vary according to the market and account type chosen for trade. The broker offers commission-free trading on all assets and spreads start from 0.7 pips.
The broker earns via swap charges and the discounts on these swaps can go up to 50 per cent.
Overall, the charges are pretty less as compared to the top-notch services offered by the broker.
Deposit and Withdrawal
With InvestLite, one can choose from a variety of deposit and withdrawal methods available with the broker:
Credit/Debit card
Cryptocurrencies
Neteller
Skrill
PayPal
Wire Transfer
Here are some deposit and withdrawal guidelines of InvestLite:
The withdrawals must be submitted online, and full information needs to be rendered before submitting the request.
Seven days is required to process the withdrawals.
If one deposits the funds via credit cards, they can be withdrawn up to the same amount.
Any accrued profits can only be taken out via bank wire transfer.
Leverage
The broker offers substantial leverage to help traders with small capital or funds open larger trading positions and reap profits. At the same time, leverage is adjustable and can be customised accounting to the traders’ needs and requirements. Here is a table depicting the leverage for professional clients with InvestLite:
Leverage
Silver
Gold
Platinum
Forex
1:200
1:400
1:500
Metals
1:50
1:100
1:125
Indices
1:50
1:100
1:125
Commodities
1:50
1:100
1:125
Equities/Stocks
1:10
1:20
1:40
Research
Research is an essential part of the whole trading process. One needs optimal research tools to decide the righteous trading opportunities that can make the most profits. At the same time, traders can use research tools to depict each trade’s exact exit and entry points.
InvestLite offers a plethora of research tools that are advanced and technologically updated regularly. Here are some major tools rendered by InvestLite:
Economic Calendar: With an economic calendar, one can update on real-time economic events, impact on global markets, and more.
Report Season Calendar: Such calendars provide the reposting dates, financial history of various companies.
Trading Signals: Here, various tools and signals are available to indicate profitable trading opportunities.
Daily News: One can access daily news to know about financial events and happenings in various markets.
Apart from these core research tools, the broker also provides a set of analytical tools and technical indicators that can be sued by traders in various trades.
Customer Support and Service
One can get in touch with InvestLite professional support team from 4:00 AM to 2:00 PM GMT, Monday to Friday. One can share a concern, provide feedback, or ask a question. InvestLite puts the queries and issues of its clients first and does everything to provide the quickest response.
One can contact the broker via phone, email, or the live chat feature available on the website.
Education can be seen as the building blocks of any trader or investor’s whole trading skill set. When a financial provider is equipped with an expansive set of educational material, it helps clients, to sharpen their trades and make better trading decisions. Whereas, when a trader lacks knowledge and skill set, no matter how much money he or she invests in the trade, there are more chances of failure. After all, trading the markets is nothing like gambling.
Well, InvestLite is one of the finest brokers which renders an ocean worth of educational material for its clients. The educational material is divided according to the trading level and offers high reliability. Here are the various categories under which the broker provides education for its traders:
Articles
VODs
Ebooks
Tutorials
Courses
News
Reasons to choose InvestLite.
InvestLite is regulated by IFSC, which is one top-tier regulatory authority. This means tour capital is safe with the broker.
At the same time, the broker renders high-end data security via softwares like SSL or Firewalls.
A wide range of trading instruments with more than 350 CFD assets is available with the broker. This can aid in a healthy diversification and mitigation of risks.
The broker renders fair leverage up to 1:500, which can help traders open a large trading position with lesser capital in hands.
Commission-free trading allows traders to trade without any worry and stress. The spreads are low too. All over, the broker offers top-notch trading features and functionalities with low costs.
The research tools and education material available with the broker are quite vast with most advanced upgradations. This infers that InvestLite is dedicated to the growth and success of its clients.
The broker facilitates an easy and effortless account opening process. The four-step process of account opening depicts that the trader believes in building a transparent trading community with its clients.
Conclusion
InvestLite is the brand name of Bayline Trading Limited and authorised and regulated by IFSC. The broker offers three varied types of trading accounts; silver, gold, and platinum. Fair leverage up to 1:500 is rendered by the broker that helps traders with small funds open large trading positions.
One can trade more than 350 CFD assets in forex, cryptocurrencies, commodities, indices, stock, and metals. Such a wide range helps traders expand profit-making opportunities. We can say that at current times, InvestLite is one of the finest brokers offering top-notch services at lowest trading costs.
FAQs
What are the advantages of trading with InvestLite?
Top-tier regulation
More than 350 CFD assets
Commission-free trading
Leverage up to 1:500
Wide range of trading instruments
Effortless account opening process
SSL and Firewalls encryption
What is the minimum deposit of trading with InvestLite?
To open an account with InvestLite, one needs to deposit a minimum of 250 dollars.
What are the guidelines for withdrawal of funds with InvestLite?
Here are some deposit and withdrawal guidelines of InvestLite:
The withdrawals must be submitted online, and full information needs to be rendered before submitting the request.
A seven-day period is required to process the withdrawals.
If one deposits the funds via credit cards, they can be withdrawn up to the same amount.
Any accrued profits can only be taken out via bank wire transfer.
What kind of education and research material is offered by InvestLite? The broker offers various education and research material that include VOD, courses, tutorials, articles, webinars, economic and report season calendar, trading signals, and daily news.
99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.
Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.
A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.
“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took over the project.״
“I think the community sometimes mistakes a shitcoin for a dead coin.” Ofir adds “We’ve put clear death indicators in place so it would be easy for us to decide whether a coin is actually dead or not. This way we still use the community’s input, but we make sure it goes through another filter to verify the submission’s accuracy”.
In the future, the project is planned to automatically add coins to the list through the use of APIs to index sites such as CoinGecko and CoinMarketCap. With the latest rise in the cryptocurrency market, it seems only logical that a lot of new submissions are coming its way once the hype dies down.
Cardano (ADA), one of the coins featured in our last week’s edition of Top 3 Coins to Watch, continued its bull run last week. For a brief moment, when the price of ADA neared the $1.00, Cardano even overtook Tether and claimed the spot of the world’s third largest cryptocurrency by market capitalization. However, there were quite a few other cryptocurrencies that managed to climb up a few spots on the leaderboard last week but stayed partly in the shadow of the changes happening at the top.
This week’s selection of top coins to watch consists of three cryptocurrencies that already performed well throughout Week 6 but we believe that this projects will be able to ride atop the wave of announcements and network upgrades towards even higher adoption and of course also higher valuation.
1. Binance Coin (BNB)
Binance Coin is the native token of the Binance Chain, launched and operated by the popular cryptocurrency exchange Binance. Binance users who utilize BNB to pay for trading, withdrawal and listing fees can enjoy significant discounts. While this used to be pretty much the only advantage of BNB, the Binance’s coin now has a far wider spectrum of utility.
BNB Reached a New ATH Price of $148 Following a Record token Burn
The BNB climbed over 100% last week and posted its new all-time high price of $148.26 on Feb 10, 2021. While the cryptocurrency market is in a bull phase for a few months already, the BNB price only took off recently. After a few weeks of sideways trading where $40 was established as a support level, BNB has seemingly gone parabolic in February and is now changing hands at around $130. While there is no single factor that this amazing growth could be attributed to, we believe that it is a consequence of a combination of several factors, including a record BNB token burn and an increasing utility of both BNB as well as the Binance Chain.
On January 19, the Binance cryptocurrency exchange announced it had burned 3.6 million BNB, worth around $160 million at the time. The 14th quarterly BNB token was thus the largest ever quarterly BNB burn by Binance and the first “accelerated token burn”, according to Binance CEO Changpeng “CZ” Zhao. When Binance conducted the ICO in 2017, it promised they would gradually destroy 100 million BNB tokens, or half of the token’s 200 million maximum supply cap. Following the largest BNB burn so far, “CZ” clarified that Binance is on a mission to ahieve 100 million BNB burned as fast as possible:
“Over the last three and a half years, we have burned about 13% of the promised amount, with a total USD equivalent value (nominal) of $426,304,000. Even though this is an impressive amount for a three-year-old startup, at that rate, it would take roughly 27 years to finish the burn. So, we thought it’s time we speed it up a bit. Exactly how much faster? We are not 100% sure. The current accelerated burn would put the trajectory to be around 5-8 years to finish the 100 million BNB.”
In addition, judging by the yet-again record trading volumes achieved in the first month and a half of this year, the next quarterly BNB burn would likely set the record of the largest one by far, at least in terms of dollar denominated value of the burned tokens.
Furthermore, Binance users can take place in the exchange’s IEOs only if they possess enough BNB tokens. Judging by the success of the Binance-backed project that had previously been introduced to the public through there Binance Launchpad, participating in a Binance IEO can be a very lucrative investment. The latest offering conducted on Binance, the SafePal IEO, boasts with a ROI of over 28x vs. USD in just two weeks.
Another possible explanation for the BNB rally could be the success of Binance Smart Chain (BSC), the Binance Chain’s smart contract-enabled sibling. Both chains run side by side, but the 2019 launched Binance Smart Chain features full compatibility with the Ethereum Virtual Machine (EVM). Due to lower fees and less congestion the BSC is recently attracting the attention of several DeFi projects. News have emerged that the yield aggregator Harvest Finance and multi-service platform Value DeFi, two currently Ethereum-native decentralized finance (DeFi) protocols announced planned expansions to Binance Smart Chain. Both projects combined have nearly a billion dollars in total value locked between them (TVL).
A large factor that helps drive the Binance chain adoption is the fact that transferring tokens to Binance Smart Chain is relatively easy. Even Binance CEO “CZ” recently tweeted a video made by the famous Crypto YouTuber Ivan on Tech, where he explains how Binance acts as the “natural bridge between Binance Chain and the Ethereum chain”:
Nevertheless, the ease of use is clearly not the main driving factor of the user and developer migration towards the Binance Chain – the low transaction fees are the one to “blame”. With soaring ETH fees developers and holders are looking for alternatives, and the Binance Chain appears to be the one that gets the job done fast, secure and with a low fee. For example, the screenshot below shows how much it would cost you to withdraw USDT tokens through various networks on Binance. The fee on Binance Chain is merely 1% of the fee incurred when withdrawing USDT in the form of an ERC20 token on Ethereum.
With more utility coming to BNB, more users and trading volume on Binance, and consequently a higher the demand for BNB, the token’s price is expected to further increase. The price growth will likely be additionally boosted by the accelerated burn program.
2. Hedera Hashgraph (HBAR)
Hedera Hashgraph aims to develop the world’s first mass-adopted public distributed ledger that will be able to support a vast array of applications. Using their Hashgraph technology, users will be able to easily develop globally decentralized applications using and deploy them on the blockchain.
According to Hedera official website the project will be deploying another upgrade to their project’s Testnet. The Testnet v0.12.0 launch procedure is scheduled to begin on Thursday February 18, 18:00 UTC. The upgrade and network restart will take approximately 2 hours to complete, the team noted. While the compatibility or data of the project that run on Hedera Testnet should not be affected, the network will be offline during this time. You can check the status of all Hedera networks, their scheduled maintenances and upgrade release notes here.
3. Cosmos (ATOM)
Cosmos is developing a network of blockchains that would facilitate the interoperability of multiple, otherwise incompatible, blockchain applications and cryptocurrencies. The scalable blockchain network built for developers had grown from a small ICO into a thriving ecosystem. At the time of writing, the network’s native cryptocurrency ATOM has a market capitalization of $2.35 billion, which is more than twice as much as it had merely 3 weeks ago.
Stargate Upgrade to Finally take Place on February 18
The Cosmos team have announced that the Cosmos Hub Stargate Upgrade will take place on February 18 at 06:00 UTC. The Stargate roll-out was initially planned for January 28, but got postponed due to issues with Ledger hardware wallet support, balance and metadata validations, and several bugs that were identified in the proposed code. Cosmos Governance halted the implementation of the upgrade described in Proposal 29 and approved by the vote on Proposal 35, by accepting a new Stargate upgrade schedule in the Proposal 36. You can find out more about Proposal 36 here.
13th February 2021, Las Vegas, Nevada: Prasaga and EXCAVO have announced a strategic partnership, bringing Prasaga’s DataGrid solution one step closer to full-scale adoption. Through its technology, the DataGrid Blockchain will facilitate access to monetary stability, community governance, and programmable assets. Aiming to enhance the blockchain industry’s benchmarks through superior performance and its own OS, Prasaga is now partnering up with EXCAVO.
“We have a shared mission to inform our community that you need to be in charge of your funds, and trade safely with your bank in your hands,” said Jay Moore, Co-Founder and Chief Collaboration Officer of Prasaga. “Eugene and the team at Excavo will empower our community to build independence through trading.”
“EXCAVO is always on the lookout for the projects that provide additional value for traders,” said Eugene Loza CEO of EXCAVO. “This partnership’s goal is to provide our traders with exposure to a next generation Layer 1 Blockchain Protocol, DataGrid Blockchain. We will publish a chart with good fundamental analysis soon.”
By leveraging EXCAVO’s advice and support, Prasaga will benefit greatly as it grows to become one of the world’s main blockchain ledgers. Advice is of utmost importance in the crypto world, as companies rush to develop the future’s technical infrastructure. This partnership is especially well-timed, since Prasaga is currently carrying out its DataGrid DeFi pools.
Exploring the DGT Presale & Liquidity Bootstrapping Pool
The presale for the DataGrid Blockchain token ends today February 13th, and the launch of the Balancer liquidity bootstrapping pool begins tomorrow, 14th of February. Prasaga has opted for an LBP-based token sale thanks to its many benefits. LBPs work by commencing token sales with a higher sale price, as to deter bots and whales looking to buy up the supply.
FOMO is therefore mitigated through the means of automatic pool weight adjustments, that proceed to reduce the token’s price as time passes. Investors looking to load up on DGT can simply wait until the time is right. Purchasing DGT via the Balancer LBP will be possible for 96 hours, a timeframe during which optimal price discovery occurs.
After the LBP procedure is finalized, DGT will be purchasable at market price on a number of supporting exchanges. DGBLabs has also just announced a 9.75% annual farming reward, destined for those who participate in the presale and DeFi pools.
The funds raised via the DeFi Pools will be utilised to build the DataGrid community ecosystem and promote the DataGrid infrastructure as an optimal solution for the deployment of blockchain projects.
About EXCAVO
EXCAVO is a company of independent financial analysts, traders, asset managers, economists, IT – developers. TOP-1 Trader by Tradingview.com The most popular crypto trader according to Bitcoin.com TOP-5 Advisor Blockchain projects by ICOholder.com. Visit the Telegram / Twitter / Tradingview / Discord links to find out more.
About Prasaga
Prasaga is building the DataGrid Blockchain and has filed 6 patents, to protect the inventions for the community, has launched its innovative eXtensible Blockchain Object Model (XBOM) operating system on HyperLedger Fabric and is building the global DataGrid Collaborative community ecosystem. Visit the Telegram / Twitter / Discord / WhitePaper links to find out more.
Media Contact Details Contact Name: Jay Moore Contact Email: jay@prasaga.com Contact Number: +1 (541) 543-3963
THXCHAIN Digital Platform, an innovative digital asset trading platform architected by Thore Network, has officially launched the industry’s FIRST combined model of Traditional Finance, Private Equity & Crypto/Asset Digital Exchange end-to-end solution for the emerging digital asset market, specifically the trend of tokenized Assets — more commonly referred to as security tokens & Crypto Future Binary Options Esport Tokens & Tokenised Global assets like AAPL, Netflix, Tesla, Crude, Gold.
Looking ahead, the total number of modules will be close to 6 and launched in March 2021:
Institutional grade exchange offers transaction throughput (100K TPS), API connectivity, customizable UI, widgets and inhouse Liquidity Pool Trading and Staking services for Ethereum (ETH), ThoreCOIN (THR), Tether (USDT), and more.
THXCHAIN Digital Asset Platform Now Open to Public
THXCHAIN Digital Asset Platform is a proprietary exchange and asset management platform launched by Thore Network that will serve as an exchange, trading platform and asset management platform within the THXCHAIN Ecosystem. This platform is fortified by cutting-edge artificial intelligence (AI) technologies, full-fledged quantitative/Manual trading capabilities, and a rich set of tools and Smart order Protocol.
THXCHAIN Digital Platform following Traditional stock Market Method trading terminal allows making orders way more customisable and powerful than anywhere else. Among all, it offers unique trading automation tools such as trailing stop and double stop allowing to make the most of the market, as well as smart orders constructor. All the open orders will be automatically cancelled EOD & if there is no Trading activity for Significant time, all Open Buy/sell orders will be automatically “disable”.
THXCHAIN Digital Platform is proud to announce it has launched its mobile app for the Digital Asset Exchange Available now for Android users and coming soon for the Apple iOS App Store.
THXCHAIN is focused on empowering our users, providing more opportunities to trade through their smartphone. With the app, you truly have the power of the Crypto in your pocket.
Mastercard will accept some crypto assets as a way of payment in its network
Mastercard said compliance and security will be among the key attributes when evaluating which cryptocurrencies to support
Mastercard will consider cryptocurrencies that are appropriate for payments
Whether you’re a cryptocurrency enthusiast or not, it’s hard to deny that the industry is growing rapidly. We can see massive growth in the amount of users entering the cryptocurrency space, especially in the wake of the recent Bitcoin bull run. Mastercard, one of the world’s leading financial service providers, has noticed that cards using the Mastercard network are increasingly being used to purchase crypto or to change crypto into fiat.
Mastercard says it will add support for certain cryptocurrency assets to be transacted directly on its payments network, which will allow interested merchants to accept them directly.
According to the company, adding support for crypto assets is one way of enabling businesses and people to transfer value in digital form. While the company isn’t necessarily endorsing its cryptocurrency, it says it wants to making it possible for customers to spend their money on what they want.
All crypto coins are not suitable for Mastercard
There’s a huge variety of crypto assets, and not all of them are not suitable for Mastercard. Many of these coins won’t meet the strict criteria that the company is putting in place. The payment giant says it will only be considering crypto assets that prove to be secure and reliable. The supported coins will also have to be regulated, and allow for compliance through KYC and other processes. Stablecoins are promising candidates due to their compliance and price stability. Stability is a critical factor for Mastercard because it is integrating crypto assets as a payment method, not as an investment.
The payment giant unveiled some exciting partnerships last year with cryptocurrency companies such as Wirex and BitPay. The collaborations aimed to make it possible for users to utilize their cards and buy crypto. Another essential collaboration was added this year, and it was with LVL, a promising crypto exchange. Crypto is not on the Mastercard network right now, and users have to convert their coins to fiat before they can make transactions. When the new initiative is implemented, cryptocurrencies will be used directly on the network.
Elon Musk has been mentioning Dogecoin a lot recently, and he has encouraged people to buy it
Now, other people like Snoop Dogg are joining in promoting the meme cryptocurrency
Dogecoin is a cryptocurrency that was initially started as a lighthearted parody of cryptocurrency. However, due to its relatively early entrance into the cryptocurrency space, Dogecoin has managed to display staying power and has a somewhat legendary status in the cryptocurrency community. After being mentioned by Elon Musk multiple times, Dogecoin was brought into the spotlight once again, and attracted the attention of an army of speculators. As a result, the Dogecoin price has increased by almost 650% in the last month alone.
Famous rapper Snoop Dogg recently joined other celebrities like Elon Musk and Gene Simmons to promote the meme cryptocurrency higher. His tweet featured Shiba Inu, a dog breed that’s used as a mascot for Dogecoin.
Dogecoin price reacted to the tweet
Dogecoin was trading at around $0.056 at the beginning of Sunday. Soon after the tweet, it touched $0.0872, which was a new all-time high. The coin experienced more than 55% growth in 24 hours. The recent rise of Dogecoin is outstanding, and many people are dreaming about Dogecoin having a price of $1.
Some hours after the tweet, Elon Musk, the CEO of Tesla who is not just pumping Dogecoin, tweeted a Lion King-inspired picture that featured Dogecoin, Snoop Dogg and Gene Simmons, a member of the legendary rock band Kiss. Simmons has recently gone viral in the cryptocurrency community on Twitter by promoting cryptocurrencies like Dogecoin and XRP.
The cryptocurrency market is small enough that celebrity endorsements can result in major price movements. The recent attention given to Dogecoin was enough for the coin’s market cap to temporarily surpass Bitcoin Cash, Chainlink, Litecoin, and Binance Coin. Dogecoin has since dropped back to the 10th spot in the cryptocurrency market cap rankings, and currently has a market cap of $9.9 billion.
Dogecoin started as meme cryptocurrency, and from a technological point of view, it does not offer much in the way of unique features. However, its recent ascent has shown the power that memes and viral social media activity can have on the cryptocurrency markets.
