What is Aergo (AERGO)

  • Aergo Chain is an open-source hybrid blockchain protocol that combines aspects of public (trust/decentralized) and private (performance/control) blockchains to cater towards enterprise and government level use-cases.
  • The Aergo Platform provides a set of infrastructure components for enterprises and developers to host blockchain applications based on the Aergo Chain. Aergo offers a smart-contract engine supporting Lua and SQL, as well as various features, such as distributed version and concurrency control.
  • Private blockchains on the Aergo platform run on a Leader-based Proof-of-Authority (PoA) consensus mechanism powered RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake (BFT DPoS) mechanism.
  • To vote and manage block producers, AERGO tokens need to be acquired and staked. Users may decide to pay cloud providers to host their private blockchains on dedicated nodes, instead of hosting them themselves. Enterprise clients may access additional third-party services via AERGO.

1. What is Aergo (AERGO)?

Aergo Chain is an open-source hybrid blockchain protocol powered by the native cryptocurrency AERGO.

Aimed at enterprise and government level use cases, it combines aspects of public (trust/decentralised) and private (performance/control) technologies. The Aergo platform provides a set of infrastructure components for enterprises and developers to host blockchain applications based on the Aergo Chain. Aergo offers a smart contract engine supporting Lua and SQL, and also a number of features such as distributed version and concurrency control.

Private blockchains on the Aergo platform run on a Leader-based Proof-of-Authority consensus mechanism powered-RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism.

To vote and manage block producers, AERGO tokens need to be acquired and staked. Users are able to utilize the platform to pay enterprise-grade cloud providers such as large telecommunications firms to host their private blockchains on dedicated nodes, rather than going through the cumbersome process of hosting these blockchains themselves – a functionality that is also unlocked via AERGO tokens.

Enterprise clients will need to use the AERGO utility token to acquire extra application services from other third parties. Additionally, all of Blocko’s (Samsung-backed) future services will be based on the new Aergo Enterprise products that requires AERGO tokens to work.

An example use case in production using Aergo includes a solution adopted by Lotte Card for over 25 million users for fingerprint credit card verifications. It allows Lotte Card to get automated attestations to whether a fingerprint submitted at checkout matches the identity of the credit card owner. The solution is built using a version of Aergo’s Lua smart contracts with SQL integration. SQL integration has been verified to save Lotte Card 90% of their security expenditures for fingerprint authentication due to the blockchain system’s ability to eliminate the need for manual verification of fingerprints.

Other clients using Aergo-based solutions include Hyundai Motor Group, Korea Stock Exchange, Shinhan Bank, POSCO, and more.

2. Economics and supply

The team raised capital in a two-phase supply distribution is as follows:

  • Private Sale: it was conducted in multiple rounds from July 2018 to November 2018 raising a total of 71,721 ETH ($25.38MM) at an average rate of $0.187 per AERGO..
  • Call Option: a call option of 20MM AERGO tokens with early business supporters was issued on November 2018 at an exercise price of $0.187 and $0.167, exercisable end March 2021 that will generate a further $3.36MM (if exercised).
AERGO token distribution (%)
AERGO token release schedule

25% of total AERGO supply is allocated to staking. The staking tokens are loaned to major network nodes (Telco partners across Asia and Europe) in an evenly distributed amount for them to secure the Mainnet as part of a 10 year contractual agreement. The loan is being used to incentivize these partners to integrate their secure cloud capabilities with the Aergo platform architecture to allow for instant provisioning of business services running on Aergo.

Aergo plans to release the plan to become a Decentralized Autonomous Organization (DAO) by the end of 2020, and all token releases will be determined by community voting afterwards. This token release schedule shows token releases before the end of 2020.

3. Aergo’s activity and community overview

3.1 Social and community data

Aergo has prioritized South Korea, United Arab Emirates, United Kingdom, China and Germany as the initial key geographical regions for its community development.

Aergo’s current community development strategies include:

  • Global block producer program to educate and incentivize block producers.
  • International community bounty/ambassador programs for Aergo promotion.
  • Participate/host blockchain related conferences and meetups.
  • Release weekly technical & community updates; Monthly newsletters.
  • Comprehensive quarterly project updates with full financial information and corporate strategy disclosures.

Aergo’s future community development strategies include:

  • Launch diverse range of products built on Aergo platform and build partnerships with enterprise partners and customers.
  • Conduct programs that support decentralized application development and publishing.
  • Host global hackathons and AMAs to engage with developers and crypto communities.
  • Expand media coverage and partnerships with universities, research institutions and blockchain projects.

3.2 Community and social media channels

Its community and social channels include:

Telegram (English)
KakaoTalk (Korean)
Twitter (English)
Medium (English)
Reddit (English)
WeChat (Chinese)
Weibo (Chinese)

4. Appendix

By Binance Research
Published
Categorized as Hot Crypto

What is Immutable X (IMX)

Immutable X (IMX) is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, zero gas fee transactions. IMX can be used to pay for staking on Immutable X, vote on the future of the protocol, and pay transaction fees.

Which products support IMX? 

 Send/ReceiveTrading
Coinbase          ✔     ✔
Pro          ✔     ✔
Wallet          ✔     ✖️

What regions support IMX? 

 USNYCANEUUKDESGJP
Coinbase    ✔ ✖️   ✔ ✔ ✔ ✔ ✔✖️
Pro   ✔ ✖️   ✔ ✔ ✔ ✔ ✔✖️
Wallet ✔ ✔   ✔ ✔ ✔ ✔ ✔✖️

Crypto to fiat trading pairs

 USUKEU
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 

  USDCBTC
ETHUSDT
IMX   ✖️  ✖️
 ✖️   ✔

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 IMX?

IMX requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts IMX?

IMX 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. These amounts vary by asset and are subject to change.

By Coinbase

Ethereum NFT Gaming Startup Immutable Hits $2.5B Valuation After $200M Raise

In brief

  • Temasek led the $200 million round, with participation from Animoca Brands and Tencent.
  • Immutable X is an Ethereum scaling solution used by firms like GameStop and TikTok.

Immutable, the Australian startup behind an Ethereum layer-2 scaling solution designed for games and NFTs, announced today that it has raised a Series C funding round at a valuation of $2.5 billion. The firm joins an ever-expanding list of crypto “unicorns,” or startups worth at least $1 billion.

The $200 million round was led by investment firm Temasek, with participation from Chinese gaming giant Tencent and leading metaverse investment firm Animoca Brands. Additional new investors include Arrington Capital, Mirae Asset, and Liberty Global, while Alameda Research and Possible Ventures are among the firms that increased their total investment.

Immutable is the firm behind Immutable X, a layer-2 platform that works on top of the Ethereum blockchain. Transactions on Immutable X are significantly cheaper and faster than those on Ethereum’s own mainnet, and require much less power than transactions on Ethereum’s own energy-intensive proof-of-work

network.

Immutable X uses StarkWare’s StarkEx zero-knowledge proof

technology to roll up thousands of transactions on its own network and commit them to Ethereum with a single transaction.

Amid other notable Ethereum scaling solutions like Polygon, Arbitrum, and Optimism, Immutable X has attempted to carve out a niche as a platform designed for video games and NFT collectibles.

Immutable X was recently announced as the platform that will power video game retailer GameStop’s gaming-centric NFT marketplace. GameStop’s marketplace is due to launch later this year, and will focus on user-ownable NFT items—such as characters, weapons, and apparel—designed for Ethereum-driven video games.

GameStop, Immutable X Plot Ethereum Gaming NFT Marketplace, $100M Fund

GameStop’s long-teased NFT plans are finally coming to light. Today, the video game retailer revealed that it has chosen Ethereum layer-2 scaling solution Immutable X as the technology for its…NewsNFTs4 min readAndrew HaywardFeb 3, 2022

GameStop and Immutable announced a $100 million developer fund last month as part of the deal, in an effort to incentivize crypto game creators to build upon Immutable X and the retailer’s marketplace.

Social video app TikTok also built on Immutable X for its creator-focused NFTs last year, while Gary Vaynerchuk’s VeeFriends Ethereum NFT project has used the scaling solution for its Book Games NFT promotion. Leading NFT marketplace OpenSea will also integrate Immutable X, and upcoming crypto game Ember Sword is building on it as well.

Immutable also develops and publishes its own NFT games. Competitive card game Gods Unchained was one of the first notable crypto games, and has since migrated from Ethereum’s mainnet to Immutable X. The firm will also publish the upcoming mobile action game, Guild of Guardians.

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Following the Series C raise, Immutable—which currently has a head count of 165—will significantly expand its team over the next 12 months, with plans to hire an additional 200 employees. The firm recently announced a handful of executive hires, including new Chief Studio Officer Justin Hulog, who joined from Riot Games.

Immutable previously raised a $60 million Series B round in September 2021, and $15 million in a Series A round two years earlier in September 2019.

By Andrew Hayward

Published
Categorized as Hot Crypto

What is My Neighbor Alice (ALICE)?

My Neighbor Alice (ALICE) token is the native token for the My Neighbor Alice multiplayer farm building video game. The game is a world where users invest in digital islands, build upon those islands, find new collectibles, and more.

ALICE is an ERC-20 token built on the Ethereum network, earnable in game through events and competitions, among other ways. The token also powers My Neighbor Alice’s NFT Marketplace, enabling players to trade and profit off of their creations.

Use cases of ALICE

Use cases of the ALIC token

The ALICE token incentivizes players to participate in the My Neighbor Alice farm-building game. For example, users who hold more ALICE and continually stake their holdings continue earning even more over time.

ALICE also represents in-game items like land or furniture, which can be sold or rented out to other players via smart contracts. Interestingly, the game also features NFT collateral. When a user invests in an NFT, a percentage of their purchase goes into collateral. If the NFT holder would like, they can eventually sell the asset back in turn for that collateral, ensuring they’ll always make some money back on an investment.

The ALICE token ensures My Neighbor Alice is a free-to-start video game. Anyone can participate in competitions and slowly earn their way to spendable amounts of ALICE. Or, users can invest ahead of time and gain access to certain game features right away. Accessibility is the focal point in the ALICE token’s design.

Eventually, My Neighbor Alice will launch a fully-featured Decentralized Autonomous Organization (DAO) for fair governance, as well as full Avatar customization utilizing the ALICE token’s economy. Governance within the game includes proposing additional features, voting on updates, and having a say on the game’s budget.

Interestingly, the game is playable without a cryptocurrency wallet at first. Users who want to participate in the ecosystem, however, will need a wallet to hold ALICE and make transactions.

Comparison with competitors

ALICE token and the My Neighbor Alice video game aren’t too different from other blockchain-based games. This game involves investing in property, growing that property, and then selling one’s in-game efforts for profit.

None of those ideas are too stand-out on their own. Rather, My Neighbor Alice is unique based on its in-game events and farming aesthetic rather than its blockchain-based gaming features.

Roadmap and development history

In early 2021, the project launched in Steam early access exclusively to ALICE token holders. At the time, the game launched with plot owning and trading, visiting other farms, chatting with others, and the first ever quest.

July 2021 saw multiplayer implementation and additional ways to earn tokens in-game. September then saw the DAO’s release, even more quests and activities, and new in-game characters and NPCs.

December 2021 marks the launch of the planned NFT auction house, community, built events, and more gameplay additions. My Neighbor Alice will launch fully one year after the early launch in January 2022. The 1.0 update will come with avatar customization, clothes and hairstyles, and the ability to alter character eye color.

Tokenomics

Alice token tokenomics

ALICE has a total supply of 100 million tokens. 20 million of those ALICE tokens are held in reserve, while 21 million went to the project’s initial token sale. 15 million tokens are allocated to the development team and advisors, and another 16 million are reserved for the game’s ecosystem.

Price and price predictions

Alice token price

ALICE launched in March 2021 at around $23.64. The project saw an increase to almost $29 the following week, before dropping sharply to the $14–$18 range shortly afterward.

Since that time frame, ALICE has experienced lows of near $3.50 before jumping back up to around $23. As of this writing, the project is sitting at $12.87 per ALICE with a $296,130,746 market cap. The project boasts a 23,000,000 circulating supply against a total supply of 100,000,000.

Should you buy ALICE?

If you believe in the future of blockchain gaming, or want to grow a farm in My Neighbor Alice, you might want to consider investing in ALICE. After all, the asset is basically necessary to participate in the game’s ecosystem.

That said, if you’re simply investing to speculate on the project and potentially earn a profit, experts might suggest you choose another project. After all, this ERC-20 token is meant to build more of an ecosystem, rather than purely profit-focused.

What will ALICE token be worth?

It’s hard to say what ALICE will be worth, considering the asset’s price has varied greatly since the game’s Alpha state launch. Future price movements depend on the game’s success and feature set come its official launch.

Will ALICE token go up?

No one can confidently predict if a speculative asset will go up in value. That said, if the game is seen positively and sees an influx in users, it is possible for the ALICE token to go up in value.

What do I do with ALICE coins?

Users purchase in-game items using ALICE token. In addition, they can use it on the project’s NFT marketplace and accessorize the characters in the game, among other features.

The future of ALICE

My Neighbor Alice represents another branch of the blockchain-based gaming ecosystem. Some titles focus on owning and developing planets, while others emphasize growing a creature for value. ALICE token and its attached game targets a fairly different audience that might enjoy farming instead of any previously established games. We’ll have to see how the project plays out over time.

By Max Moeller

Published
Categorized as Hot Crypto

What is DIA (DIA)?


DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data.

Decentralised Information Asset (DIA) is a Swiss non-profit association. It is an open-source, data and oracle platform for the DeFi (Decentralised Finance) ecosystem. DIA leverages crypto economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets.

On 3 August, DIA announced that they took the first step in decentralising its governance by public distribution of ‘tokens’. This event will provide participants with the opportunity to acquire  DIA’s Governance Tokens. DIA believes in a financial ecosystem that is owned, controlled, and maintained by its users. The DeFi ecosystem infrastructure, which they are trying to create, is governed through a token — the DIA Governance Token — which shall be held by a decentralised community of DIA token-holders and their delegates.

This will be the first public distribution of DIA’s governance token, and it aims to decentralise governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform.

How to Get DIA Tokens

Step-by-step guide

Note, that the interface to get DIA will be published on Monday August 3 at 3pm CET. It will be shared in all our channels.

1. Set up wallet

Image for post

To buy DIA you will need an Ethereum Smart contract enabled wallet. We recommend using  MetaMask,  Trust Wallet, imToken or  Gnosis safe.

Load sufficient USDC to your wallet, open the interface and connect your wallet.

2. Deposit funds in the interface

Image for post

Open the ‘Balances’ tab and ‘Enable’ the coin you want to use. Confirm, if prompted. Then deposit your funds by clicking the blue ‘+’.

A pop up will appear that where you can enter the amount that you wish to deposit for the trade. Once it is done return to the “Trade” tab.

3. Place order

Image for post

Enter the amount you wish to exchange for DIA into the ‘Sell’ field and the maximum average price you want to pay per token in the ‘Limit Price’ field.

The amount of DIA you will receive will be displayed. Click ‘Submit Limit Order’. The order will appear on the right and is executed when the price matches.

Example Order

  1. Satoshi wants to spend 100 USDC on DIA, but doesn’t want to purchase DIA at a higher average price than USDC 3.
  2. To execute his order, he selects USDC from the dropdown next to the ‘Sell’ field enters 100 in the ‘Sell’ field.
  3. He then enters ‘3’ into the ‘Limit Price’ field — this is the maximum average price of USDC he wants to pay per DIA.
  4. The ‘Receive at least’ field will show the minimum amount of DIA that Satoshi will receive if the order gets allocated.
  5. If this satisfies him, he clicks ‘Submit Limit Order’ and it will appear on the right pane of the interface in the ‘Open’ tab.
  6. When the next 5 minute interval is over, the solution for the transaction is calculated. This means that the algorithm decides which orders to process, optimising for maximum efficiency in token distribution.
  7. If the order gets accepted in the batch, it will be executed, meaning that DIA will be sent to the interface and funds will be sent to the bonding curve contract. The successful order will appear under the ‘Trades’ tab, from where Satoshi can send his DIA tokens to his wallet.
  8. Note, that the limit price is just the maximum price that Satoshi will pay. It may happen that a significantly lower price is paid if possible.
  9. Also note that orders may be partially filled. The remaining portion will be transferred to the next batch, unless cancelled.

Additional Questions

How long does a transaction take?

There are several factors impacting the time that a transaction takes in total.

  • The amount of gas you post, only has an impact on the speed at which your order is placed into the current or next order batch.
  • Once in the batch, gas fees are irrelevant as they are equal for all participants of one batch.
  • Batches are filled and closed in 5 minutes intervals
  • When the batch is filled, the solution is calculated which defines the allocation.

How to cancel an order?

Once an unfulfilled order is listed in the right pane, you will be able to click it and an option to cancel the order will appear. When you click the cancel option the order is deleted as soon as the transaction is completed on the Ethereum network. This means that it is dependent on the gas fee you post.

What happens after the transaction?

Once a the price matches and your order is allocated, you will receive your DIA in the interface. You will need to withdraw them to your wallet. Your order will be stored in your wallet, so even if you forget this step, you will be able to withdraw your DIA at a later stage, if you reconnect the wallet that you used for the transaction.

When is an order closed? How will I know whether it is still open?

On the right hand pane of the interface, you will see three tabs: ‘Open’, ‘Trades’ and ‘Closed’. Your open transactions will show in the ‘Open’ tab. Your completed orders will show in the ‘Trades’ tab and your cancelled order will show in the ‘Closed’ tab.

How many orders can I place?

You may place an unlimited amount of orders. Be aware that this costs gas every time.

Would you like to earn DIA right now! ☞ CLICK HERE

How and Where to Buy DIA ?

DIA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy DIA

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase DIA from the exchange.

Exchange: The top exchanges for trading in DIA are currently Binance, OKEx, BiKi, HBTC, and Bidesk

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once DIA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Which products support DIA? 

 Send/ReceiveTrading
Coinbase          ✔     ✔
Pro          ✔     ✔
Wallet          ✔     ✖️



What regions support DIA? 

 USNYCANEUUKDESGJP
Coinbase    ✔✖️   ✔ ✔ ✔✖️✖️✖️
Pro   ✔✖️   ✔ ✔ ✔✖️✖️✖️
Wallet ✔ ✔   ✔ ✔ ✔ ✔ ✔✖️



Crypto to fiat trading pairs

 USUKEU
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 

  USDCBTCETHUSDT
DIA   ✖️  ✖️ ✖️   ✔



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 DIA?

DIA requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts DIA?

DIA 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. These amounts vary by asset and are subject to change.

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

By Morioh, Coinbase

Published
Categorized as Hot Crypto

What is Adventure Gold (AGLD)?

Adventure Gold (AGLD) is an Ethereum token that can be used to vote on storylines and other governance features for Loot, an NFT project for generating randomized adventure gear stored on-chain. AGLD can also potentially be used for future in-game credits or other projects that build on top of Loot Project.

Which products support AGLD? 

 Send/ReceiveTrading
Coinbase         ✔     ✔
Pro         ✔     ✔
Wallet         ✔     ✖️

What regions support AGLD? 

 USNYCANEUUKDESGJP
Coinbase   ✖️   ✔ ✔ ✔✖️✖️✖️
Pro  ✖️   ✔ ✔ ✔✖️✖️✖️
Wallet     ✔ ✔ ✔✖️

Crypto to fiat trading pairs

 USUKEU
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 

  USDCBTC
ETHUSDT
AGLD   ✖️  ✖️
 ✖️   ✔

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 AGLD?

AGLD requires 35 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts AGLD?

AGLD 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 AGLD

Maximum: 100,000 AGLD

Published
Categorized as Hot Crypto

What is Quantstamp (QSP)?

Quantstamp (QSP) is an Ethereum token that powers Quantstamp, a security auditing network for crypto protocols. QSP can be used to pay for smart contract audits, earned by running verification nodes, and for proposing and voting on network upgrades.

Which products support QSP? 

 Send/ReceiveTrading
Coinbase          ✔      ✔
Pro          ✔      ✔
Wallet          ✔      ✖️

What regions support QSP? 

 USNYCANEUUKDESGJP
Coinbase    ✔✖️   ✔ ✔ ✔✖️✖️✖️
Pro   ✔✖️   ✔ ✔ ✔✖️✖️✖️
Wallet ✔ ✔   ✔ ✔ ✔ ✔✖️


Crypto to fiat trading pairs

 USUKEU
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 

  USDCBTC
ETHUSDT
QSP    ✖️  ✖️
 ✖️   ✔

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 QSP?

QSP requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts QSP?

QSP 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. These amounts vary by asset and are subject to change. 

Published
Categorized as Hot Crypto

Facebook正式卖掉Diem(原Libra)

轰轰烈烈的全球稳定币工程,历时2年半,正式落下帷幕。

Meta(原 Facebook)旗下 Stablecoin 项目 Diem (原 Libra) 和 Silvergate 今天宣布 Silvergate Capital Corporation 将收购 Diem 支付网络的知识产权和其他资产,这些资产包括用于运行基于区块链的支付网络的开发、部署和运营基础设施和工具。根据 Silvergate 的一份声明,他们还将获得「对运行符合监管要求的稳定币网络至关重要的专有软件元素」。 

曾经被 Facebook 寄予厚望的 Libra,居然已经到了被卖掉的境地。

作为曾经被全球瞩目的稳定币项目,Diem 这两年实在命运多舛,从旨在超级社交网络的生态下改变全球支付系统的愿景,到如今不得不被卖掉,我们真的要和 Diem 说再见了。

Silvergate 是谁?

接手 Diem 的 Silvergate,其实与加密货币早有联系。这个可能对大多数用户陌生的名字,是各大美国加密货币交易平台重要的合作伙伴。

Silvergate 是一家成立于 1988 年的美联储会员银行,CEO Alan Lane 在 2013 年购入了自己第一枚比特币后,发现这片市场空白,于是从 2013 年起,Silvergate 致力于为数字货币行业提供创新金融基础设施解决方案。

除银行服务外,Silvergate 最为知名的服务,是一个 24/7 不间断的实时支付平台 Silvergate Exchange Network(SEN)。仅 2021 年第四季度,SEN 就处理了超过 2,000 亿美元的交易,Coinbase、FTX、Binance US、Circle、Paxos 这样的顶级机构都是 SEN 的用户。

就连 FTX 的 SBF 也曾高度评价过 Silvergate,他说「一家加密公司经过的时间,可以分为前 Silvergate 阶段和后 Silvergate 阶段,怎样去形容 Silvergate 对区块链公司金融服务的变革都是不为过的。SEN 日复一日地证明它是加密货币结算层的关键支柱之一。」

2021 年 5 月 12 日,当 Diem 协会在一系列落地受阻后,宣布放弃在瑞士金融监管机构 FINMA 注册的计划,返回美国时,找到了 Silvergate,并宣布与 Silvergate 合作的计划:Silvergate 将成为 Diem 的美元稳定币 Dime USD 的独家发行方。

在 Facebook 看来,与 Silvergate 这样一家既涉足加密领域又是美联储成员、接受美联储监管的银行合作,是一个能求得监管认可的优质选项。

但是,2021 年 11 月,美国总统金融市场工作组在报告中表示,稳定币发行人与钱包提供商或商业公司的合作可能导致经济权力过于集中,这种结合可能对竞争产生不利的影响。他们还担心,一家巨型科技公司深度参与的稳定币的用户,在转而使用一种新的稳定币时,会面临过度的阻碍和成本。

所以,Facebook 只能选择下下签。

Diem 的替代品?

失去了 Diem,并不意味着 Facebook 完全抛弃了数字货币这个方向,他们手里还有一个选项——Novi 钱包,也就是原来的 Calibra。从命名上也可以看出,Calibra 是专门为 Libra 打造的钱包,现在没有了 Libra,更名后的 Novi 也彻底抛弃了自己的原生基因,继续承载 Facebook 的支付梦。

尽管人们对滥用数据的 Facebook 发布的数字钱包骂声一片,但 Facebook 还是对 Novi 寄予厚望,不仅计划让 Novi 可以为人们提供各种金融服务,甚至为其收购了客户服务聊天机器人公司 Servicefriend,以便提升服务质量。

同时,Novi 开始寻求与合规稳定币发行方 Circle 和 Paxos 的合作,并考虑使用 USDC 或 PAX 作为自己的稳定币。去年年底,Facebook 的 WhatsApp 已开始面向美国部分用户测试在聊天界面内进行加密货币转账,而工具就是 Novi 钱包。

目前看来,Novi 是 Facebook 在加密货币赛道的最后选项,在他们 All in 元宇宙的未来里,Novi 也许可以帮他们重拾加密支付的梦想。

命运多舛的 Diem

从 2019 年 6 月白皮书问世,关于 Libra 的任何消息都是热点,毕竟这是一家拥有近 30 亿用户的超级社交网络的最新产品,一旦成功落地,潜在影响用户不可估量。在 2019 年中期,市场情绪惨淡的时期,Facebook 进军加密货币的消息也为市场带来了强心剂。在 Libra 推出 4 天后,比特币时隔近一年,再次站上了 1 万美元。紧接着一路涨到了当年目前的最高点 1.4 万美元,比特币总市值也从 1600 亿美元左右飙升至 2280 亿美元。

但没想到,Libra 出道即巅峰。

在第一版白皮书中,Libra 剑指全球支付网络,以组成一个包含多种法币的货币篮子的形态,成为支付巨头。

在这样的愿景下,投资机构、区块链、社交媒体、通讯公司、电子商务、共享出行、非营利组织、音乐、旅行、支付等多领域的超级巨头,如 Visa、Uber、eBay、Spotify、Coinbase 等等耳熟能详的顶级企业均成为了 Diem 的合作伙伴,一个超级巨头联盟正在硅谷发光。

Libra 刚推出时的合作伙伴阵容

但就在大家畅想 Libra 可以改变支付格局的时候,监管层并没有上头,他们不认可 Facebook 的野心,担心 Libra 对美元的地位,甚至对美国都会产生影响,尤其是 Facebook 这家已经被打上「互联网恶霸」标签的巨头。不久之前,Facebook 泄露数据,利用数据操控大选的事件影响还在持续,监管层对于这家曾经引以为傲的巨头,已经嗤之以鼻。

于是,在 Libra 面世的四个月内,国会开了三场听证会,甚至 Facebook 创始人马克·扎克伯格不得不亲自参与听证会,以调节平台与监管层的紧张关系,但仍无济于事。纵然扎克伯格态度诚恳地告诉监管层 Libra 会有各种 KYC(用户验证)、用户保护,甚至表示 Libra 是对美元的保护与增强,但监管层并不以为然。从听证会的问题中,我们也可以看到监管层的焦虑,作为有过操控数据前科的公司,30 亿人的支付数据交到你一个人手里,谁能放心?

在监管的压力下,Paypal、eBay 等多家合作伙伴退出了超级联盟,Libra 被迫修改白皮书,先是引入了单一稳定币的锚定,随后更名 Diem 并仅锚定美元,以最大限度地满足监管要求。终归是再衰三竭,监管没能让 Facebook 如愿。

虽然 Diem 还在苦苦支撑局面,发布声明称自己在做的事情仍然是一个「巨大而绝佳的机遇」。但在知情人士口中,Diem 早已是一个「僵尸组织」,名存实亡。他们没有成功的可能性了吗,倒也不是,只是很小很小,小到可以忽略不计。

2020 年 9 月,Diem 联创 Morgan Beller 宣布离职;2021 年 3 月,另一位联创 Kevin Weil 宣布离职;而在 2021 年底,Facebook 母公司 Meta 的加密货币项目负责人 David Marcus 也选择了离职。全球监管的围追堵截让这些项目领头人纷纷打起退堂鼓。元老功勋的纷纷离开也让 Diem 的前景变得暗淡无光。

此次 Facebook 将 Diem 卖给 Silvergate,表现出以稳定币为基础的支付系统似乎不再是 Facebook 的优先级,元宇宙才是当下 Facebook 努力转变全球对其嗤之以鼻态度的新工具。

By 律动BlockBeats

What is Binance USD (BUSD)?

Binance USD or BUSD is another proof of wrapped token, which is often described as a blockchain token pegged to the value of another asset – fiat currency, treasure stones, equity shares or real estate, for example. In this context, BUSD is pegged to the US dollar, which makes it a wrapped token. 

It’s also worth noting that most wrapped tokens act as collateralised tokens, requiring the staking/locking of another crypto asset (for example, a native token of a decentralised exchange or DEX protocol) in order to access the wrapped token.

General overview

Binance USD is a regulated, collateralised, fiat-backed stablecoin that is pegged to the US dollar at a 1:1 ratio. Founded by two major entities – Paxos, and Binance – the USD-denominated stablecoin was approved by the New York State Department of Financial Services (NYDFS). Notably, it was one of the very few stablecoins to get approved in the US.

Paxos is a regulated blockchain technology company that offers its stablecoin as a service product to external companies. In this case, they act as the third-party reserve for Binance stablecoin in an FDIC-insured US bank.

Just as with other wrapped stablecoins, BUSD was created to ensure ease of transaction within the decentralised finance (DeFi) ecosystem. And while it is built in compliance with the ERC-20 token standard with support for BEP-2 wallet, the fiat-backed stablecoin is interoperable with multiple blockchains.

For every single BUSD token owned by a person, an equivalent of that amount is held in an actual bank account. As mentioned earlier, an amount equal to the actual BUSD supply is held in the possession of Paxos who acts as a third-party reserve in an FDIC-insured US bank.

Also, given that BUSD is a wrapped token, it is subject to the same market activities as its fiat counterpart. In other words, when the value of the fiat currency goes up or down, the same impact resonates with the BUSD token. 

In general, BUSD exist in three different chains; Ethereum, Binance Smart Chain, and Binance Chain, while it is able to achieve three main attributes including accessibility, flexibility, and speed. 

Technology – how does BUSD work?

The mechanism behind BUSD is a fairly simple one, especially when compared to how difficult some other stablecoins can be to grasp. Notably, BUSD uses a deflationary mechanism that ensures the supply and reserve for BUSD/USD are constantly kept at a 1:1 ratio. In other words, the mechanism ensures that each BUSD is exchangeable for $1 USD in the Paxos reserve.

When BUSD is bought, an equivalent of that amount in BUSD is created while a fiat equivalent is paid to Paxos for safekeeping. 

On the other hand, when a BUSD is sent to Paxos, the blockchain infrastructure platform subsequently burns the token and provides you with the fiat equivalent when a sell order is requested, as a way of maintaining a constant supply/reserve of the BUSD/USD at 1:1 ratio.

The BUSD token is built on the back of the ERC-20 token standard. Consequently, it is compatible with several ERC-20 smart contacts. Likewise, the token standard adopted by BUSD enables interoperability among Ethereum-based wallets of exchanges. 

Use cases

BUSD has numerous use cases for investors and traders, with the most prominent among them being to avoid price fluctuation in the crypto market. Because BUSD is a stable coin, it is used as a store of value during high volatility periods in the crypto market

Another popular application for BUSD is arbitrage trading, in which investors wait for periods when the value of USD to BUSD falls below the constant 1:1 ratio. 

For example, there are times when the value of USD to BUSD falls slightly below $1. During this time, traders can buy BUSD in bulk and wait for the BUSD/USD value to return to a parallel position, at which point they can sell back for fiat and earn as low as $0.02 per BUSD traded.

Other notable applications for BUSD include locking in gains from other trade activities instead of converting directly to fiat. This way, it is easy to reinvest within an exchange, either by swapping or liquidity pooling for instance.

Ultimately, BUSD is one of the most standard pegged tokens to grace the stablecoin market as it provides necessary transparency and security which, in turn, makes it a top choice for investors and general crypto enthusiasts.

By Binance

What is Maple (MPL)?

Maple — the world’s first crypto bond platform. It enables users of DeFi lending platforms to issue crypto bonds (aka Maple SmartBonds) secured by their crypto assets.

As DeFi lending expands, users will be able to create banks which issue bonds to raise money for lending to customers. With one tiny catch: they’re crypto banks, selling crypto bonds to global investors and using the proceeds to give crypto loans to any user with an internet connection. Ethereum will be home to the world’s first crypto capital market.

Maple’s MVP is nearly finalised and is going through private testing. The public Beta product is expected to be released in the next two weeks and will integrate with Compound. With Maple’s protocol, use your cDai as collateral to 1) create SmartBonds to borrow and speculate on interest rates or, 2) invest in SmartBonds to lock in a fixed interest return.

Maple collects revenue from the collateral to pay Investors.

What does Maple actually do?

Marketplace

Maple is a decentralised application which lets users create or invest in crypto bonds (SmartBonds). Maple is a two-sided marketplace with two types of users:

  • Supply: Issuers who create the bonds to borrow money; and
  • Demand: Investors who buy the bonds to earn interest.

The SmartBonds

The Maple SmartBonds are ERC20 tokens, paid for with Dai, which are 100% collateralised by interest-earning crypto assets. Each issuance of SmartBonds is collateralised by a unique basket of collateral staked by the Issuer (borrower). The Issuer retains Equity in the collateral so they have skin in the game (normally 10–20%) while Investors buy the SmartBonds.

Our MVP is integrated with Compound, so the collateral assets are cDai, which is a digital asset earning interest for the holder.

The Maple smart contract controls the cDai collateral to protect Investors so that it isn’t redeemed until the bonds are due to be repaid. Maple SmartBonds earn fixed rate interest for the Investor with the initial investment plus interest being paid in full when the bond matures. The way it works is that the collateral earns interest, which gets collected by the Maple smart contract, and that interest goes towards paying the Investors their fixed return with the Issuer keeping the remainder as profit.

Example of repayments to Investors and Issuers when a Maple SmartBond matures.

Big Deal, What’s Magic About It?

Two things:

  • Maple replaces lending collateralised by cash with lending collateralised by assets. DeFi needs this! It is not efficient for businesses to set aside cash when they want loans for growth. Maple lets businesses borrow against revenue-generating assets so they can reinvest the debt and grow. We are starting with digital loans as revenue-generating assets but the platform and technology can expand to subscriptions, profit sharing tokens and much more.
  • Maple gives Investors different risk grade options. Until now you had one collateralisation level (150%) and one interest rate for everyone supplying on DeFi. Maple changes that. Now, more conservative investors can choose lower risk bonds (more collateral, lower interest) that get repaid first. More adventurous investors can choose medium risk bonds (less collateral, higher interest) getting repaid later.

Current use cases

  • Speculate on interest rates: Maple SmartBonds pay fixed interest, while the collateral earns floating interest. Think the Compound rate will rise? Then issue bonds to increase your profit.
  • Hedge interest rate risk: Think Compound rates will drop? Buy Maple SmartBonds to lock in a fixed rate.
  • Borrow against your DeFi savings: Supplying Dai on Compound? Then borrow against this “savings account” by creating Maple SmartBonds.
  • Be a crypto bank: Create Maple SmartBonds to borrow against cDai then reinvest in more cDai (fractional reserve banking). Keep the net interest left after paying Investors.
  • Cover multiple platforms: Borrow against your Compound supply then reinvest in Nuo, Uniswap or other DeFi platforms to diversify.

Long term possibilities

Bond markets power the traditional financial system. Maple puts this at the fingertips of DeFi users. Here’s a few ideas of where we can go:

  • Create Bond ETFs by basketing multiple Maple SmartBonds with TokenSet.
  • Creating crypto banks in countries without a financial system. Wireless internet networks let African countries leap-frog fixed-line infrastructure. Maple powers wireless financial infrastructure, bypassing conventional banks.
  • “Assets as collateral” makes more sense for businesses. They have valuable assets but not piles of Ether lying around. Maple can do bonds backed by subscription tokens (e.g. video streaming) and profit-share tokens (e.g. DAOs).
  • Form a crypto yield curve with Interest rates on 30/90/180/360 day Maple SmartBonds.
  • Multicollateral bonds backed by Compound, Nuo, Nexo, Uniswap and others. Diversifying the risk of a single platform.

By Sydney Powell

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Categorized as Hot Crypto

What is a Pluton (PLU)?

Pluton are a digital Ethereum asset (ERC20 token) that is issued automatically to users of the Plutus app as a reward for using the Plutus Tap & Pay app (making payments with converted Bitcoin or Ether). The payment process occurs via a proxy conversion to a virtual debit card linked to your account.

Pluton is also an optional way of loading your spending balance for goods and services, just like Bitcoin and Ethereum on the Plutus app. You can make a deposit request with PLU and your order will be matched with a buyer on PlutusDEX. The advantage of using Pluton instead of Bitcoin and Ethereum is that there are 0-fee and near instant transactions.

Distribution

There is only a small (4.25%) amount of Plutons (850,000) available for initial distribution. The reason for this is simple, they are designed have a valuable and unique use case — to pay for everyday goods using the Plutus app. As a result, they are rare tokens with a real life use case.

Apart from the initial distribution there will be no further distribution of Pluton to users, as they are NOT owned by Plutus. Plutons will be locked by a smart contract and allocated for the reward system, which issues Plutons to users of the Plutus Tap & Pay app as reward for making payments by exchanging Bitcoin and Ether for a virtual debit balance.

Governance

The rebate emission of Plutons (95.75%) to users is governed by the PlutusDEX (a decentralised exchange powered by the blockchain technology), which records each conversion made on the Plutus app and awards a limited amount of 3%* in Pluton. Users can then convert these Plutons at zero fee (Bitcoin and Ether will have a fee) and make payments towards everyday goods at any debit card and NFC-enabled merchant.

Longevity Calculator

We have released this useful longevity calculator which will illustrate how the rebate emission rate works, and how many more Plutons past the initial distribution will become available each year. If you like numbers then you will enjoy this!

By Plutus

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