Month: October 2021

Kryll is an online automated platform and currency (KRL) which was started in 2018 by Luca Benevolo. The aim was to help people to create their kryll trading strategies without the need for any particular skills. Users just have to connect their blocks in order to create their strategies. Word “Automated” solves many problems because Kryll does not require any management thanks to the algorithm for making everything automatic.

Kryll is not mineable and is based on the N/A algorithm and N/A coin proof type. It currently has a circulating supply of 31,638,781 coins and a total market cap of 19,581,024. Kryll ranks at position 765 of the crypto ranking list and its price currently trades around $0.61.

How Does Kryll Work?

The platform consists of 5 different parts which all together give us as a result the key for success. The first element is the strategy editor WYSWIT “What you see is what you trade”. The second element is the Marketplace where you can find all the automated strategies available to use. The next two parts are the Smart trading tool which many traders already use and the Swap tool. The last and most important tool is the Kryll mobile application.

WYSWIT

WYSWIT is the first tool you need in order to create your strategies using the most popular technic, flowcharts. There is no need to be an expert on trading strategies or even be a software developer for using this editor. All you need to do is just to place blocks by dragging and dropping them into the Kryll ecosystem and thus create your own decision flows. As you are done with the decision flows, you can make unlimited tests for free in order to be sure that your strategies are going to be profitable.

Marketplace

This is the place where users can publish their trading strategies and make them available for rent by other traders. Users who are unfamiliar with the creation of trading strategies can order one of the already existing strategies using the KRL coin. In that way, Publishers can have a passive income by just selling their knowledge. Also, renters can easily contact to publishers for further help in case they are not sure of what they are looking for.

Smart Trading tool

This is the most powerful and smart feature that Kryll has invented for the users. The Smart trading tool allows users to execute already existing trading strategies simply. How does this work? All you need to do is just place the crypto pairs you wish to exchange and the amount of money you are willing to invest. After that, you have to choose at which price you wish the system to buy for you.

Swap Tool

Kryll.io focuses on making user’s life easier. The Swap tool will help you avoid the mess with the crypto exchange process. The tool allows users to exchange their cryptocurrencies through the Kryll platform without the need to sign in in order to complete the transaction. For instance, you can exchange Bitcoin to Ethereum directly on Kryll.io platform.

Kryll Mobile Application

The last and most useful tool is the Kryll Mobile Application which is available on smartphones or tablets. Using the app you can trade or even monitor your strategies remotely through your mobile phone. Besides, you can have full access to your portfolio and receive notifications for any kind of changes.

Advantages Of Using Kryll.Io

Trading 24/7: Not all users have free time to spend on their mobile phone checking whether their investment winning or not. One major advantage is the fact that Kryll.io offers automated trading.Besides, your bot/strategy will watch the market for you 24/7. While you are working or sleeping, the system will take care of the market movement and will react without your help.

Knowledge is not required: There are always people who are new in the industry and want somehow to start investing. Kryll is the solution to the problem thanks to the already existing strategies developed by experienced traders. In that way, beginners can rely on the community of users using their strategies for learning purposes. Besides, for those who are not in the mood of creating their own strategies, there is always an option to pay and use one of the existing strategies.

Responding time: Firstly, Trading is not an easy thing to deal with. Prices are constantly fluctuating (up and down) which works positively or negatively for traders depending on the situation. Secondly, users cannot be 24/7 in front of a screen monitoring price changes like bots do. Hence, there will always be chances that you might not be able to place an order due to inactivity. Finally, Kryll will solve those problems for you as automatic trading bots will instantly react to any chances they detect without your help.

Disadvantages Of Using Kryll.Io

Using trading bots may sometimes be risky. The cryptocurrency market is unstable due to the fluctuations happening to different coins. Till now, there is no such trading strategy that will always win for you as no strategy can remain unaffected to a highly volatile market. An automated trading bot is always executing your orders as it does not recognize what is true or false. As a result, repeating the same strategy even when the momentum is inappropriate could lead to huge losses.   

Kryll Token Price Prediction (2021,2022,2025)

According to the recent kryll historical data, analysts believe that the kryll token could trade at $0.40 by the end of 2021. One year later (2022), the coin could start re-gaining the lost ground moving the price above $0.49. If that happens, then the KRL currency could face a bullish cycle leading the price above $2.80 by the end of 2025.

How To Exchange Your BTC (BTC) To Kryll (KRL) Using InstaSwap?

First of all you have to choose KRL in the “You Get” section. Then, choose the method you wish to buy it with, “crypto” or “fiat”. As you are done with the first two steps, then you have to enter the Kryll wallet address you wish to receive your KRL tokens. You also have to add your refund wallet address (in case that something goes wrong) and you are almost ready to go.  Fill your email and press “Continue”. You will receive a verification code at your email address in the next few seconds which you can use only once in order to complete the transaction. Press “Continue” and enjoy the process. Send your deposit to a one-time address and you shall receive your exchanged coins in the next 10 minutes.

Which products support KRL? 

	Send/Receive	Trading
Coinbase	✖️	✖️
Pro	✔	✖️
Wallet	✔	✖️

What regions support KRL? 

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✖️	✖️	✖️	✖️	✖️	✖️	✖️	✖️
Pro	✔	✔	✔	✔	✔	✖️	✖️	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✔	✔

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

	USDC	BTC	ETH	USDT
KRL	✖️	✖️	✖️	✔

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for KRL?

KRL requires 35 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts KRL?

KRL is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 KRL

Maximum: 534,874 KRL

By Nick Palm 

Shiba Inu coin (SHIB) is an Ethereum-based ERC-20 token that has risen in popularity this year, largely because of its dog-themed ecosystem, speculation on its price by retail investors and strong community engagement. The official Shib Twitter account, for example, has over 1.2 million followers – more than leading crypto companies such as Cardano, Kraken and Solana.

The digital asset was inspired by the Japanese breed of dog of the same name, which sparked a viral meme trend in 2013 and subsequently led to the creation of the infamous dogecoin cryptocurrency. Shiba inu, along with dogecoin and the hundreds of other pet-inspired digital assets, have become collectively known in the industry as “meme coins.”

Ordinarily, a meme coin offers owners little to no utility compared with more established cryptocurrencies such as bitcoin and ether. In the case of Shiba Inu coin, however, there seems to be a legitimate attempt by the development team to provide more value to SHIB holders, including launching a decentralized exchange in July.

Notably, the desire to provide more utility to users has seen the self-proclaimed “doge killer” become the second-most popular meme coin in the market. And although the market capitalization of dogecoin is three times that of shiba inu at press time, the underdog project has managed to create and build up a large community in less than two years.

Read more: Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit

Key features of shiba inu coin

So other than being another doggy-themed cryptocurrency, what is the shib coin all about?

The first notable thing about Shiba Inu coin is its total supply. A total of 1 quadrillion SHIB tokens were minted during its official launch in 2020. A quadrillion is a number followed by 15 zeros. Some 50% of the supply of shiba inu was locked in Uniswap SHIB/ETH liquidity pool – a decentralized exchange where users deposit pairs of assets into liquidity pools that other investors can trade against. That is known as an automated market maker system.0 seconds of 5 minutes, 46 secondsVolume 90% 

Read more: What is an Automated Market Maker?

The other 50% of shib token’s supply was donated to Ethereum’s founder, Vitalik Buterin, who burned a vast majority of them by sending the tokens to a dead crypto wallet address. The remaining tokens (worth $1.2 billion at the time) were donated to an Indian COVID-19 relief cause and other charities.

The Shiba Inu coin universe also consists of a decentralized exchange, called Shibaswap, and two other tokens, “LEASH” and “BONE,” (see below.)

Finally, the community is also championing a rescue campaign for Shiba Inu dogs. All you need to do is make purchases on Amazon through smile.amazon.com and select Shiba Inu Rescue Association (a 501(c)3 as your preferred nongovernmental organization). This will allow a percentage of your purchase to be donated to a cause focusing on helping Shiba Inu dogs in need.

What is ShibaSwap?

Shibaswap is a decentralized exchange – a type of peer-to-peer trading platform similar to Uniswap that allows users to trade SHIB and other cryptocurrencies without an intermediary company. It also allows users to provide liquidity (deposit funds into pools that other traders can use to trade against) and stake tokens (deposit them into a smart contract) to earn interest using shib token and two additional ERC-20 tokens that exist in the Shiba ecosystem:

• Bone ShibaSwap (ticker: BONE): Bone is designed to function as the platform’s governance token, with a total supply of 250 million coins. That means holders of bone tokens are able to propose and vote on changes to the Shiba protocol via its “Doggy DAO.” It’s also minted and rewarded to users who provide liquidity on the platform.
• Doge Killer (ticker: LEASH): This was originally launched as a rebase token (also known as an elastic token), a type of token similar to an algorithmic stablecoin where the supply automatically increases and decreases via a computer algorithm to keep its price pegged to another asset. In this case, leash’s supply is adjusted to track the price of doge at a rate of 1/1,000.

For example, if the price of dogecoin was $0.05, the supply of leash would change (mint new tokens or destroy coins in circulation) to adjust the price of leash to $50.

Leash tokens have since been “unleashed,” and now no longer track the price of doge. With a scarce supply of just 107,647 tokens, leash has become the main store of value coin for many shiba inu owners.

ShibaSwap functions

On the ShibaSwap homepage, there are six functions available that incorporate the ecosystem’s three native coins, shib, leash and bone:

• Dig: Digging is the liquidity pool function on the ShibaSwap platform. Here, users can deposit crypto assets in pairs to existing liquidity pools on the platform, or create their own. As a reward, liquidity providers receive ShibaSwap liquidity pool tokens (SSLP). Those tokens represent their share of liquidity in the pool and entitle holders to receive free bone tokens upon redemption.
• Woof: “Woofing” is the function for redeeming bone rewards by cashing out SSLP tokens.
• Bury: This refers to where users can stake their shib, leash and bone in order to generate high-interest yields paid in bone tokens. At press time, the rates were 171%, 266% and 814%, respectively. Once staked, users receive a token that represents their staked amount in xSHIB, xLEASH or xBONE.

33% of bone rewards from staking are available immediately, while the remaining 66% are locked up for six months.

• Swap: This is the exchange feature of the ShibaSwap platform where users can swap between multiple assets.
• Bonefolio: This is an analytics dashboard where users can explore current interest rates and track their yield returns.
• NFTs: Here, users can trade 10,000 unique non-fungible tokens called “Shiboshis” – pixelated Shiba Inu dog cartoons similar to CryptoPunks with different traits, some rarer than others.

Who created SHIB coin?

Shiba Inu coin was launched in August 2020 as a direct competitor to Dogecoin. But unlike Dogecoin, the mysterious creator(s) of Shiba Inu, known as Ryoshi, made some design decisions that have since set the token apart. According to Ryoshi, SHIB has “the ability to outpace the value of dogecoin, exponentially, without ever crossing the $0.01 mark.” To put that into perspective, shib was trading for $0.00002831 at press time, which is a long way from $0.01. And yet, its market cap has already reached a third of Dogecoin’s market cap.

Read more: How Dogecoin Became So Popular

As noted above, following the launch of Shiba Inu, Ryoshi transferred half of the token’s total supply to Buterin, while the other half was locked in Uniswap, a decentralized exchange. As written in the project’s white paper, which the shib community calls the woofpaper, the goal was to transfer ownership of 500 trillion SHIB to Buterin with the hope he would lock them away forever.

The Elon Musk effect

The launch of Shiba Inu failed to gain traction at the beginning, but it began to make a splash around the same time Tesla CEO Elon Musk and other prominent individuals started to take interest in Dogecoin. Tech billionaire Musk in particular has been one of the most vocal supporters of Dogecoin. Dubbed the “Dogefather,” Musk was even voted as the project’s new unofficial CEO.

In the run-up to his appearance on “Saturday Night Live” in May, Musk hinted that he would mention Dogecoin during the show. That fuelled an unprecedented dogecoin price rally, which boosted the value of shib.

In five days, the price of shib increased by over 2,000%. The coin subsequently experienced a price slump along with the market-wide crash sparked by Musk’s announcement that Tesla would no longer accept bitcoin as a form of payment. It would later recover some of the lost value in the first week of October when Musk shared the picture and name of his new Shiba Inu puppy. All in all, SHIB’s price gained over 27,000,000% from January to October.

What products support SHIB?

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔
Wallet	✔	✖️

What regions support SHIB?

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✔	✖️	✔	✔	✔	✔	✖️	✖️
Pro	✔	✖️	✔	✔	✔	✔	✖️	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

	USDC	USDT	BTC	ETH
SHIB	✖️	✔	✖️	✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for SHIB?

SHIB requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts SHIB?

SHIB is hosted on Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 36,475,051,065

By Andrey Sergeenkov

The Keep Network is a software aiming to incentivize a global network of computers to store private information that can be deployed on public blockchains via smart contracts. 

Many decentralized applications (dapps) running on public blockchains, like Ethereum, require the use of private data (such as health records, credit scores and financial information) to operate. 

To protect individual user’s privacy, the Keep Network enables private data to be stored outside the blockchain in “keeps”, which are containers that allow smart contracts to manage and use pieces of the stored data without exposing it to the public blockchain.

In order to operate a keep, nodes must stake KEEP tokens, Keep Network’s native cryptocurrency, to be selected by the Keep Network. These nodes are awarded KEEP for successfully maintaining keeps.  

The first application built on the Keep Network is tBTC, which serves as a bridge between Bitcoin and Ethereum. Bitcoin holders deposit their BTC funds to a smart contract and receive tBTC, an Ethereum token of equivalent BTC value, used to access various dapps on the Ethereum blockchain.

Users seeking to stay up-to-date with the Keep Network’s progress can bookmark its blog. For more information on tBTC, you can read our “What is tBTC?” guide located in our Learn Center.
 

Who Created Keep Network?

Keep Network was founded by Matt Luongo and Corbin Pon in 2017. They previously co-founded Fold, a bitcoin shopping app, in 2014. 

Keep Network sold $20 million worth of KEEP tokens in two rounds in private sales to investors, which include noted venture capital firm Andreessen Horowitz, and noted cryptocurrency investors Polychain Capital, Fenbushi Capital and Paradigm. 

How Does the Keep Network Work?

Keep Network’s key feature is its ability to store private data, called secrets, outside the blockchain systems in keeps.

Keeps allow blockchain-based applications to interact with secrets without fully exposing their contents through the use of smart contracts, who, when a specific criteria is met, can provide data, encrypted files or verification of a user’s identity to the application.

Computers, or nodes, who maintain keeps are known as keep providers and are assigned fractions of a secret using the random beacon protocol, an advanced cryptography technique for trustless randomization.  

When a user wishes to purchase a keep, they publish a request to the Keep Network, who, in turn, divides and mixes their secrets, sends shares of them to different keep providers, and returns keys to the users to access the content of their keeps when needed.   

Keep providers must stake a certain amount of KEEP that can be retrieved by the protocol should they be unreliable or negligent with the keeps. However, providers incentivized through KEEP rewards for their services, including providing encryption, computation and storage services.

What products support KEEP?

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔

What regions support KEEP?

	US	NY	EU	UK	CA	SG
Coinbase	✖️	✖️	✖️	✖️	✖️	✖️
Pro	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✔	✖️
EUR	✖️	✔	✔

Crypto to crypto trading pairs

	USDC	USDT	BTC	ETH
CHZ	✖️	✔	✖️	✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for KEEP?

KEEP requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts KEEP?

KEEP is hosted on the Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 68,750

By Kraken and Coinbase

NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

Projects building on NEAR include Mintbase, a non-fungible token (NFT) minting platform, and Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and more.

NEAR Protocol Technology

As dApps have grown in popularity, the crypto community has faced a growing scalability problem. Scalability in this context refers to a blockchain’s ability to handle a large number of transactions with reasonable speed and cost. Ethereum has particularly faced scalability challenges due to the high demand for its usage, and while some people advocate for scaling solutions to be built on top of Ethereum (Layer-2 solutions), other projects like NEAR have decided to build entirely new blockchains with different architecture.

NEAR Protocol’s proposed solution to this scalability problem is the implementation of sharding. Before diving into what this means, it’s useful to identify the three main functions of blockchain nodes: they process transactions, communicate validated transactions and completed blocks to other nodes, and store the state and history of the entire network. As network congestion increases, these tasks become more and more demanding for the nodes.

Sharding lessens the computational load by splitting or partitioning the network into shards (or fragments). With this tactic, every node is not required to run all of the network’s code — just the code that’s relevant to its shard — so shards can conduct computation in parallel with one another, thereby scaling the network’s capacity as the number of nodes in the network increases.

To achieve consensus among the nodes in the network, NEAR uses a PoS system. With PoS, nodes who wish to become transaction validators must stake their NEAR tokens to be considered for participation. Token holders who do not want to operate a node can delegate their stake to validators of their choice. NEAR uses an auction system to choose validators every epoch (approximately every 12 hours), and validators who have larger stakes have more influence in the consensus process.

Some validators are responsible for validating “chunks” — an aggregation of transactions from a shard — while others are tasked with producing blocks, which contain chunks from all the shards. Other nodes, called “fishermen,” observe the network and detect and report malicious behavior. If a validator behaves badly, their stake will be slashed.

NEAR Token Economics

The NEAR token is primarily used to pay transaction fees and as collateral for storing data on the blockchain. NEAR also rewards several stakeholders in the blockchain with NEAR tokens. For their services, transaction validators receive a NEAR token reward every epoch that amounts to 4.5% of the total NEAR supply on an annualized basis.

Additionally, developers who create smart contracts receive a portion of the transaction fees that their contracts generate. The remainder of each transaction fee is burned, increasing the scarcity of the NEAR token. NEAR has also established a protocol treasury, which receives 0.5% of the total NEAR supply annually, for the purpose of reinvesting in the development of the ecosystem.

NEAR Protocol is capable of supporting tokens that are “wrapped” from other chains in addition to NFTs. Likewise, NEAR has constructed a bridge with Ethereum, allowing users to transfer ERC-20 tokens from Ethereum to NEAR.

NEAR Platform Governance

Resources allocated to the protocol treasury are distributed by the NEAR Foundation, a Switzerland-based non-profit dedicated to protocol maintenance, ecosystem funding, and guiding the governance of the protocol. Technical upgrades to the NEAR crypto network are carried out by the Reference Maintainer, which is selected by the NEAR Foundation board, though all nodes in the network must consent to updates by upgrading their software. Eventually, oversight of the Reference Maintainer will be conducted by community-elected representatives.

NEAR Protocol aims to pull ahead in the crowded race to provide the infrastructure for Web 3.0 and has sought to distinguish itself through its unique developer and user friendly features.

Where and how to buy NEAR?

If you want to get involved with NEAR or begin using any dapps built on the NEAR platform, then you’re going to need to get your hands on some NEAR tokens.

Though it’s possible to earn these by participating in development bounties, staking, and operating a NEAR community, the simplest way to get some is by buying it from a supported exchange platform—such as Binance, Huobi Global, or OKEx.

Below, we’ll cover how to buy these with Tether (USDT) on Binance—currently the most liquid exchange for NEAR.

Step 1: Register on Binance and top up your account with USDT or another supported asset. Right now, Binance supports conversions for NEAR against Tether (USDT), Bitcoin (BTC), Binance USD (BUSD), and Binance Coin (BNB).

Step 2: Head over to your designed NEAR market on the Binance spot exchange, e.g. NEAR/USDT or NEAR/BTC.

Step 3: Here, you’ll find the Binance trading interface. At the bottom of the page, select the ‘Market’ option from the order panel.

Step 4: Enter the amount of USDT you want to spend and click ‘Buy NEAR’—this will automatically execute your order at the best available price. Your NEAR will then be deposited to your Binance account balance, ready to withdraw or trade.

By NEAR and Daniel Phillips