Treasury coins are not taken from the 80 per block, it's actually from an additional 20 coins per block emitted once each month so nowhere near your calculations above.
Okay, thanks for the info. Missed that part... So it would change the calculation to: 20 * 60 = 120 Beam per hour * 24 * 365 = 10.5 million Beam for the first year. The following years (2-5) it will decrease to 10 Beam per Block = 5.25 million Beam per year * 4 years = 21 million Beam If that is correct, they'll get approx. 31.5 million Coins in 5 years. |
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 because some people are able to type FUD, but clearly unable to read. WTF @MINDRUST, can't you read??? It doesn't say 3 years it says 5 Years !!! I've just started to look into this so I'm not sure yet what to think about the project as a whole. But, I'm not concerned that the team behind gets 20% of the Block-Rewards for some years. Let's think about alternative ways for them: 1) To work for nothing 2) To raise money - doing an ICO. I believe nobody can or should blame them that they don't want to work for nothing. If we think about the question if an ICO would be better: I personally don't believe that. Since the Dev's are rewarded in BEAM it's also an Incentive to keep it up while ICO-teams get (often) millions first and usually in BTC or/and FIAT etc. And if we calculate how much money this 20% are: Edit: * If my calculation is correct, they get 16 BEAM out of 80 that are mined in every Block in the first year. Block-Time: 1 minute. That would be 16 * 12 = 960 per hour * 24 = 23040 per day * 365 = about 8.4 million per year If we take the current price that would be about: $4.7 million After the first year mining rewards will decrease and it becomes harder to calculate. Of course it can be much more if the price rises, but that's true for the miners, who keep 80%, as well. My point is: Let's say they would have done an ICO and let's say they would have gotten $10 millions... I don't believe that would be better. *Edit: In my first version I had a wrong calculation because somehow I've misread the Block-time and believed it would be 5 minutes. It's only 1 minute and that changes the outcome significantly... I've corrected the calculation but didn't change the text around it but I'm not totally sure about it anymore.
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"Announced today at BlockchainExpo. Our CTO, Colin Paterson has been elected the Chair of @Hyperledger Quilt to help create an interoperability stack. We’re integrating Overledger’s API and SDK into Quilt to support multi-chain interoperability use cases" - Tweet
Hyperledger is the biggest Enterprise DLT Ecosystem, with half of Forbes 50 Companies using Hyperledger!
So what is Quilt? Quilt is the "Interoperability Stack" within the Hyperledger Ecosystem. However, they were only able to achieve basic atomic swaps. The Quilt team met with the Quant team a few weeks ago.
Now, the CTO of Quant Network - Colin Paterson - has been elected as the Chair of Hyperledger Quilt. The team announced they will be integrating Overledger into the Quilt framework, essentially restructuring Quilt to utilise Overledger.
This will allow any of the current Hyperledger users and future clients to access the new Quilt stack (Overledger) and interconnect their platforms with other DLT; Corda, Quorum etc. This news is freaking huge! Imagine the traffic running through the Overledger system from this accomplishment, essentially cementing themselves as the Interoperability standard for Enterprise...
Oh and? Quant is sitting at 160 on CMC. :') These guys are making real moves - Enterprise "adoption" is here.
That's much bigger than most realize. I believe even in the community it's not totally clear what it means. Couldn't agree more mate. People are sleeping on this news. Hyperledger ELECTED the Quant CTO to oversee Quilt, and then decided to let them integrate OVERLEDGER to just entirely replace it. .... It seems the biggest Enterprise DLT ecosystem has already chosen the standard for interoperability?? ..  Hmm Gilbert Verdien just said this about Quant and Hyperledgers Quilt during an AMA on Telegram: "Overledger is going to enable universal interoperability for Quilt. The past approach to interoperability was quite limited to ILP between RIpple and BTC and was a very specific use case. We're integrating Overledger's API and SDK to be the front gateways for Quilt to allow for Enterprise and Developers to be able to use different blockchains, protocols, taxonomies with ease to bring mass adoption and universal interoperability. This allows Overledger to widely support all the different use cases demanded by clients, enterprise and developers and bring mass usage of Overledger and Quilt to a broader market." |
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"Announced today at BlockchainExpo. Our CTO, Colin Paterson has been elected the Chair of @Hyperledger Quilt to help create an interoperability stack. We’re integrating Overledger’s API and SDK into Quilt to support multi-chain interoperability use cases" - Tweet
Hyperledger is the biggest Enterprise DLT Ecosystem, with half of Forbes 50 Companies using Hyperledger!
So what is Quilt? Quilt is the "Interoperability Stack" within the Hyperledger Ecosystem. However, they were only able to achieve basic atomic swaps. The Quilt team met with the Quant team a few weeks ago.
Now, the CTO of Quant Network - Colin Paterson - has been elected as the Chair of Hyperledger Quilt. The team announced they will be integrating Overledger into the Quilt framework, essentially restructuring Quilt to utilise Overledger.
This will allow any of the current Hyperledger users and future clients to access the new Quilt stack (Overledger) and interconnect their platforms with other DLT; Corda, Quorum etc. This news is freaking huge! Imagine the traffic running through the Overledger system from this accomplishment, essentially cementing themselves as the Interoperability standard for Enterprise...
Oh and? Quant is sitting at 160 on CMC. :') These guys are making real moves - Enterprise "adoption" is here.
That's much bigger than most realize. I believe even in the community it's not totally clear what it means. |
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Thanks again for your reply. I see your project is better thought out than I first believed, out of my misunderstanding your token would the only payment option a Jobber would have to accept. What I still believe might be a problem or at least hard to achieve:
The platform itself needs huge adoption and if I understand this right: that should go way beyond Crypto. So it will be about getting a lot attention and about being attractive for as many people as possible who are not necessarily used to all the Crypto stuff. You say "The friction of using MYO is arguably the same as using ETH for example (granted you have to go through one more trade to cash out MYO)" and that may be true when it's about the technical aspect but not the "money-aspect", simply because ETH has an established market. It's much easier to get ETH for FIAT and the other way around than it will be with your token. If we think about a best-case-scenario, that your platform will grow (in best case fast) and attract a lot that wouldn't necessarily be a problem but the opposite. It would naturally create a market and also exchanges would list your token and that would help to increase the attention-factor, grow the community even more and so on: Synergy
But: Best case scenarios are very rare and if I'm not wrong, the problem here may be that you have to create both "at the same time":
1) You have to develop and grow the platform
2) ...and establish a market for the token
The one could create a conflict with the other, because problems with the platform (natural growing pains and a hard time to get attention) would have impact on the market and decrease the possibility of better listings. And an illiquid market, low volume, decreasing price, can overshadow the fundamentals and have very negative impact on the community as well: They become inactive or even critical instead of being helpful.
Imagine a scenario like this: You get a few millions and you and your team work very hard and you make a lot of progress but real work needs real time. Your Token gets listings like most ERC20's: Idex and a few other smaller exchanges. Big exchanges are not very likely right from the start, unless you have the money and are willing to pay a lot for that. So it's not unlikely that your Investors will need some patience. At some point you'll launch your platform and the "problem" may be: It will be visible if it's adopted and used. I've watched scenarios like that many times and I'm a very patient Investor myself but I also know that most others are not. And what can really be hurtful: While the market of a token is not so much a problem for Infrastructure-projects (like Quant for example) who come up with quality or not and that makes the difference. But it can be a huge problem for those who need to get a lot of attention and adoption. A token that is traded on small exchanges, with low volume, below ICO-price and maybe constantly falling, has effect on how a project is seen and can contradict their marketing. It can overshadow the fundamentals.
That's the reason why I, after some mistakes, usually don't invest in projects anymore that would need not only fundamental quality but huge attention by average people. Even exchange projects, with a focus on Crypto-ppl, have a hard time to make that happen because it needs so much to work together to create a synergy-effect which is really needed.
True is also of course: The market could act in your favor because at some point this bearmarket will have bottomed out etc. But there are quite a few projects in the "token-market-marketing-trap" and it's not an easy task to get out of that.
So, I'll not invest but I'll watch and would like to see this succeed. Good luck!
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Thank you for your detailed answer. I'v misread some lines and came to the false conclusion that Jobbers would have to accept MYO as payment and that would have a several pretty bad consequences, because and as I said, it would be necessary to develop the token into a widely accepted currency what's probably even harder than to make such an App work and known.
1. The vision of Mycro is to provide a global platform for local jobs. Jobs are supposed to be fulfilled locally, that does not mean it can not be a global platform. It's not mutually exclusive since I could be looking for a jobber when I'm in China just as much as in Germany.
Nobody is supposed to bear long traveling to get to a job, instead you are enabled to post & take a job wherever you are.
Of course you are right. But the question is 1) if a global platform is necessary, but especially 2) if it's possible. Different locations means different laws, once it's about jobs it's probably also about tax, once it's about Cryptocurrencies it also differs a lot and so on. Just that side would probably be already very complex. And such a platform would not just be complex because of the financial and regulatory side but also because of the social implications, direct interactions etc. 2. The competing companies have a lot of downsides we try to heavily improve upon. Many apps are trying to be the go-to place for niche jobs, whereas Mycro wants to include every kind of job that can be summarized as "home, delivery, and skilled services"
The job suppliers and seekers are scattered across the plentiful apps that are already targeting niche sectors. Instead of just being another platform competing for users, we are currently testing ways to aggregate all relevant local job offerings in the Mycro app.
This way Mycro offers a great service by bundling a lot of platforms into the Mycro app. Heavy incentivation of using Mycro as the origin platform to post job offers will make migration rather lucrative for many.
High fees are another big issue that a lot of competitors face. Whereas competitors charge up to 30% fees, we aim for raising only up to 5%.
The blockchain also enables us to offer increased security over other platforms. An implemented escrow service will only release a payment when both parties confirm a jobs completion.
We feel it is a much better approach as comparted to up-front payments for example. Question is if this downside aren't limitations as a result of several barriers. With other words: Maybe many of them would like to do it global and wider regarding the kind of job offers and also cheaper, but simply can't. I have no real knowledge about Job-platforms and how they work but my experience with pretty much everything is that there usually are a lot of unknowns. And whenever I see that a project-team communicates very high ambitions right from the start, my main question is if they also have the expertise to know about all kinds of potential difficulties and also a way to solve or circumvent those. 3. We are well aware that most people favour cash over cryptocurrency. That's why we do not make it mandatory to accept or pay in cryptocurrency, instead it is an option that will be incentivized.
Escrow service can only work that way and the use and ownership of MYO grants extra perks, such as the ability to bid MYO to be displayed higher up in the queue of potential jobbers. The mechanism here is that the MYO bid for ranking higher are returned to the jobber once the job is completed successfully. It signals confidence in the jobbers ability to complete the task to the providers satisfaction.
On the other side, job providers can win an edge over competing providers in various ways that are undergoing testing at this stage.
We have already carefully thought out ways of achieving that without adding unnecessary complexity or friction for the end-user.
Therefore the Mycro app is not reliant on MYO achieving acceptance on the scale of PayPal, instead we want to win over users of the app to start using MYO, for example as means of payment.
We are carefully doing that to cause as little friction as possible. In fact we feel that there is great opportunity in enabling payments with traditional measures just as much as with cryptocurrency.
The token will fulfill a variety of roles. It will act as means of payment, incentivation for using the app via rewardpool distribution and as key element for the Mycro protocol.
Accurate reviewing will be a major component in the app, which will be encouraged through rewards from the rewardpool in form of MYO.
With the Mycro protocol we are enabling users to build profiles that are genuinely owned by them, not the company under which their account was created. This will allow for public access of a users past jobs ratings, whilst not revealing personal data, that other companies can use. Platforms utilizing the Mycro protocol will be able to onboard new users complete with their trackhistory of ratings. Reputable workers can generate an immutable track history of their past performance that can easily be migrated into other applications for example. With every review an account grows more valuable, since it allows for an increasingly precise valuation of users.
The release of MYO from the escrow upon a acts as an immutable proof of a jobs completion. Generally speaking, the use of the Ethereum blockchain enables us to automate a lot of processes, the cost savings are reflected in much lower fees comparted to other platforms.
MYO is essential for driving the growth of Mycro, by rewarding every desired action within the app. That way users can build their reputation quickly, since usage of MYO and review writing is heavily encouraged through rewardpool participation. To operate upon the Mycro protocol, projects must acquire MYO, resulting in increased demand with every new project utilizing it. Participants of our token sale will be the liquidity providers to said platforms, which should add more value to MYO in correlation to its user count and platforms using the Mycro protocol.
The tokenomics of MYO are designed so that an increase in user count would reflect positively in demand for MYO. It's of course better than what I believed first, that accepting the token as payment for doing a job would be mandatory. But I'm still unsure about the general necessity of the token and if it doesn't add a lot of friction, also when it's about onboarding Users. Imagine you wouldn't need something to raise money (I'm not critical about projects trying to get funds), the question is if what you want to do couldn't be done much better and with less friction and complexity with ETH itself, or, even better: If you would connect such a platform not only on one blockchain but on several. For example: If you look into Quant and their Overledger-System it would be possible to develop a so called "Mapp" (Multi-Chain-Application). You would be independent of single blockchains and their tokens and especially not dependent on your own token. It's never easy to establish a new token and to give it value that is not just based on speculation but on an economical system. And a token and it's price can even become a real risk. Let's say MYO would just make it to IDEx or another small exchange, and dry up there while the price goes down, it would have effect on those who actually would like to use your platform because they would draw conclusions out of it. That already may be enough for them to step back. In my opinion there are a lot of Crypto-projects out there that could actually be good when it's about their idea and maybe also about their skills to develop it technically, but will have no chance because of their economics. A majority of those tokens only exist because teams need them to raise money. And while that is understandable it turns things upside down, because even if they try their best to find ways to give their token value, it's often nearly impossible not to add friction and a lot of complexity at the same time, simply because something is implemented that would not be necessary in the first place. Decentralized Blockchains need their Token because the protocol has to pay for itself. But most of the centralized projects would not need a token and in my opinion it would be better and more honest to potential Investors to sell a STO. |
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guys, the new DEX is online now. you can create a own wallet on https://www.binance.org/en/start your engines  does anyone know when we can send the swaped BNB tokens from the binance exchange to the new DEX? I believe it's already possible to swap. If you send ERC20-BNB to Binance.com and you withdraw BNB it already should be done to an address you've generated on https://www.binance.org/en/create on the Binance-Chain. But, I haven't tried it yet... but Binance already swapped all BNB to their own Chain and somewhere they've said that withdrawals of BNB will not be ERC20 anymore. Just checked, they've said this: "Binance.com will assist with the BNB mainnet swap on April 23rd, 2019 at the earliest. If everything works as intended, then users will be able to provide a Binance Chain address for BNB withdrawal requests. The withdrawal will then act as a mechanism to convert ERC20 BNB tokens into BEP2 BNB tokens native to Binance Chain." https://community.binance.org/t/binance-chain-mainnet-swap-binance-chain/1094 |
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I have looked into this project, because I'm german and this is a german project. I really would like to find a great german project but... let's say I have a few questions. 1. In you Whitepaper you describe a problem to then claim this project would be the solution: "Non-existence of a worldwide platform
Everyone has a to-do list with dozens of undone tasks that would pre- ferably be outsourced or done by an experienced person. But jobbers are hard to find. There is no global platform that unites demand and supply for home, delivery, and skilled services under one single roof, helping you to turn your to-do’s into done’s with the help of others." Actually I find that funny. You talk about local jobs, "supply for home, delivery, and skilled services", but you believe it's a problem that there is no worldwide platform for this? How are the chances that I need somebody to wash my car and a guy from China takes a flight? ;-) It's a common "approach" to describe a non-existent problem to sell something. 2. Competition? What I say above gives you the opportunity to somehow imply your project idea would be very unique, as if you are the first on this market and as if there is no competition. But how do you want to compete against all the websites for jobs how you describe it? I'm from Berlin, and of course I would not need a worldwide site because I don't need somebody from China to wash my car. So I would go to one of this sites: https://www.gelegenheitsjobs.de/nebenjob/nebenjobs-berlin.phphttps://www.jobruf.de/wochenendjob-berlin.htmlhttps://www.ebay-kleinanzeigen.de/s-jobs/berlin/gelegenheitsjob/k0c102l3331https://www.ebay-kleinanzeigen.de/s-heimarbeit-mini-nebenjobs/berlin/c107l3331https://www.studentjob.de/nebenjob/berlinOr you prefer Apps? https://www.apple.com/de/search/nebenjobs?src=serpIt would be easy but a time consuming task to link much much more, probably thousands of App's for every country, city, even villages. And again: Since the tasks your project obviously is about, like Dog-sitting, it doesn't need a worldwide platform, or am I wrong? 3. This is the most troubling aspect: Why does it need a token? Won't it send everything else into a death spiral because it adds friction? Let me explain what I mean using the video on your website. Here is a direct link: https://youtu.be/4xHeknZhDlAYou tell a nice little story: A guy is under time pressure because his dog needs to go out. So he opens the App, it works frictionless to offer this Job and some minutes later a girl recognizes it (it works like magic!), she comes and takes the dog out and the payment is super easy over the App, using your ERC20... You really believe that is even close to reality? Let me tell you what is closer: You want to establish a worldwide platform and while that is not really needed (again, who needs a guy from China to do something in Berlin?) it would also not be an easy task if.... But even if: How many of those who would want to take your dog out would prefer BTC over cash for a $10 job? 3 of 100 maybe? At least it would not be too hard to sell BTC for cash, right? I mean, there is a market for that. It's volatile but possible to get the money out. But you want them to take your own Currency? Thing is: You not only want to establish a global service site/App, but to have a chance for success, you have to establish your Token as accepted currency - you claim you would be able to establish something superior to BTC, something on one level with Paypal or Apple Pay - everything else would not work! Reality is: Your dog-sitter would have to be somebody who knows what to do with it. She would send it over to IDEX to sell it for ETH and then to sell the ETH for the 10 Dollars she got for getting your dog out of the house. You believe that's how it will work? Or do you have a partnership with Paypal or Apple-Pay? Reality is: The token has not just no real usecase, let alone advantage. Reality is: This token only exists because you want to raise Millions! For what? To solve a non existent problem with a tiny App? And then to undermine all theoretical chances to make it successful because (and more by the way) you have to establish a worldwide used Cryptocurrency, actually a financial system? Not even Bitcoin would work for such a system. Summary:
You want to solve a non-existend problem with an App. And while it's just about an App, you want to raise up to 14,000,000 €. To get money you need to sell a token - which contradicts everything, because it would only work how you advertise this if your token would become an accepted payment, at least like Paypal or Apple Pay. Prediction: You'll try your best to sell your ICO and some will invest. Maybe you'll get a million or even more. Then it will maybe(!) be listed on IDEX and there it will dry up totally. To those who are new to Crypto:Please check the markets on the left side: https://idex.market Then scroll down, recognize how many tokens there are Important: You don't need to scroll down much to already see all of those with a volume of 3 ETH per day (about $500) and even less. And then there are all of those who have ZERO volume. Now imagine the girl who wants to take out this cute dog and imagine what she has to do after completing the job: She gets her $10 or 10 EUR in Mycro Token, she then sends it to IDEX and tries to sell it in a market with zero liquidity but even if there would be a bit of volume, the spread and volatility would be high. And then she will have what? Yes, ETH! She then will have to send those ETH to another exchange to get Fiat. "(...) Time is limited and we cannot stretch five minutes into an hour when we don’t have time to mow the lawn, walk the dog and grocery shop. (...)"
She will need more time to do that than she needed to take care of the dog!To those who want to invest: Who believes that these guys, who want to solve a non existent problem with an App, are able to establish a financial system that is on one level with Paypal or Apple Pay or just Bitcoin or ETH or XRP to make the rest work? To the team: What am I missing here? Edit: I just saw that you also say FIAT and Credit Card will be accepted. But the question stays the same: Why the token? Especially if it would be possible not to use it to pay for jobs? |
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Binance is doing really well in terms of volume and BNB performance but my real fear lies with CZ. Since Binance is operating in not very straight forward circumstances i feel like US goverment might make a move against him at some point. This could crash BNB hard
What is CZ doing what he shouldn't do and why is Binance not operating "straight forward" that you believe the US-gov could move against them? |
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Do you think that BNB could replace ETH? Because that is their goal apparently if you look at some BTC news websites.
I don't really like this as cryptocurrencies is going to be centralized by only one company. And their coins is only a copy of Ethereum apparently.
They are getting too much power as we have seen it with the delisting of Bitcoin SV. I don't really like BSV, but Binance is getting too much power on cryptos companies.
But it is the people who are going to decide what is the future for cryptocurrencies.
Binance-Chain as Blockchain is very different to Ethereum. Ethereum is about Smart Contract and Binance does not try to compete with Ethereum regarding that. Their Blockchain is specialized on being a Blockchain to build a DEX on and to issue tokens. And sure, one could argue they try to be better then Ethereum regarding that but: If the main selling point is about being a platform to issue tokens, something is wrong with Ethereum, not with Binance. And yes, Binance-Chain is more centralized than Ethereum, Bitcoin and a couple of others. But it will be more decentralized in future - similar approach like NEO. The main aspect here is that users will be able to use a well working exchange while keeping control over their PK's. |
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Must be a New-Kid-in-Crypto who got $2.000 from his grandma! He pumped $1.960 into XST and still has $40 left!  |
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Also so ganz verstehe ich es nicht oder ich verstehe es und weiß nicht warum   Ich habe jetzt zwar mal ein wenig beim Panda gelesen aber welche Vorteile hat das ganze dann ausser das man sich nicht jedesmal einloggen muss um etwas Crypto zu kaufen ? Gibt es Zinsen dafür ? Also außerhalb von den "normalen " Gewinnen wenn der Kurs steigt ? Oder sind die Gebühren beim Kauf geringer ? Kann das mal jemand erklären oder ist es nur rein wegen der Bequemlichkeit 1. Ich glaube, einige könnten so eine Sparvariante interessant finden um die eigene Psyche zu überlisten, also es überhaupt zu tun. Einmal Regeln festlegen und dann wandern x Euro pro Woche oder so in Crypto. 2. Bequemlichkeit 3. Einfachheit - es gibt viele die keine Accounts auf Börsen haben und das alles zu kompliziert finden. Insofern... rein als Idee ist das nicht so schlecht, aber es rechtfertigt m.A.n. eigentlich nicht mal die Existenz eines Tokens, v.a. nicht eine derart hohe Marketcap wie Savedroid sie im ICO bekam. Ich selbst finde es auch wieder extrem uninteressant, weil ich eben lieber selbst und möglichst klug kaufe, also Zeitpunkte betreffend usw. Und ich denke, es gibt auch jetzt schon recht einfache Wege so etwas zu tun. |
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I, of course, remember that. However, "last time you tried this" seems offensive. I didn't try anything. I only expressed my opinion on BNB value because I didn't expect it to rise further.
Yes, you're right. I take that back. I just see it sometimes as a bit suspicious when people come up with something like the above, because at least regarding that guy I'm pretty sure he has an agenda. He worked for Coinbase and runs a Crypto-fund now. And see, when it would only be about the chart and the price (like in our discussion in Feb), let's say he would say he would short it because of the rise and a correction is overdue, I also wouldn't see that as problematic. But what he does is to imply there would be fundamental reasons. What he then lists up is not that and often enough also not about opinion any more, but simply spreading desinfo. |
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Let's see... 1) That guy worked for Coinbase 2) He is very superficial - simply lists up *reasons* without having real arguments a) "Binance’s competitive advantage is regulatory arbitrage. Minimal KYC requirements and trading limits and aggressively adding new coins allowed the company to go from 0 to ~ 40% exchange market share in less than 2 yrs." If that would be the winning formula, several other exchanges would be at the same level but that's not the case. b) "Binance captured this large market share quickly despite a poorly designed product. http://Binance.com is not pushing the space forward in a meaningful way and the UI/UX is worse than many decentralized exchanges." Poorly designed can not be true because Binance can handle a lot of traffic, much more than most other exchanges. Worse UI/UX than many decentralized exchanges is even a blatant lie - or maybe it's about the colors or whatever. Under the line that's nonsense. c) "But Bitcoin’s competitive advantage is regulatory arbitrage too, so what’s wrong with that for Binance?
Bitcoin is an open-source project that can’t be shut down & enabled a new product. Binance is a centralized company that can be shut down and does not enable anything new."He really wants to compare a Cryptocurrency with an exchange - a company? Doesn't make much sense. But let's see if he is right: Could Binance be shut down because it's a centralized entity? Sure, that could happen to Coinbase as well... But Binance can move and they've done that. To say Binance does not enable anything new is (again) total bs, since they come up with improvements and new releases at least each quarter. d) "A bull case for Binance Coin requires you to either believe that Binance will continue to maintain or grow its centralized exchange market share, or successfully transition to a decentralized org and launch a DEX that becomes widely used."Binance made about half a billion profit in 2018, a bloody bear market. Where might it be in a year like 2017? Billions, of course. And of course, additionally it's likely that their Binance-Chain and DEX will be widely used, 1) to issue new assets, 2) to trade them. The "additionally" is very important, because this guy seems to imply that it needs to be this (centralized) or that (decentralized) but Binance.com will stay centralized while BNB will be used additionally on Binance-Chain and the DEX. So.. what is he talking about? e) "For the company to maintain market share, it needs to add fiat onramps & attract institutional investors. Their regulatory approach to date makes it difficult for them to work with banks & institutions, who generally prefer partners with expertise complying with existing regs" Fiat? That guy is funny... This is from January: Official Launch of Binance's EUR/GBP Fiat Exchange - Binance.jehttps://support.binance.com/hc/en-us/articles/360022037951-Official-Launch-of-Binance-s-EUR-GBP-Fiat-Exchange-Binance-jeMore about Binance & Fiat: Upcoming Crypto Hub: Binance May Launch Fiat Platform In Argentina
https://www.newsbtc.com/2019/03/10/upcoming-crypto-hub-binance-fiat-platform-argentina/Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores
https://www.coindesk.com/binance-launches-bitcoin-buying-at-over-1300-australian-stores“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].”
https://twitter.com/binance/status/1113631273551982592Binance starts spreading its fiat-to-crypto wings
Binance, the largest exchange by traded volume, launched its second fiat-to-crypto exchange yesterday. The first launched in the African nation of Uganda last October and supported Ugandan shillings. But these launches are merely the start of the company's stated plan to have two fiat-to-crypto exchanges on every continent. The exchanges are built on Binance's technology but formed as a separate legal entity. https://www.theblockcrypto.com/tiny/binance-starts-spreading-its-fiat-to-crypto-wings/f) "If they are able to pull off Binance DEX and transition to a decentralized org, I may be proven wrong. But a DEX is a completely different product and investing at over $1B market cap BNB today for a product that doesn’t exist feels like a bad risk adjusted bet"BNB is not only about the Binance-Chain and the DEX, to say that there is no product is total bullshit. And again: It doesn't need a transition to a DEX. The Binance-Chain and the DEX will be additionally... but even without it BNB would be a great asset. So... again: What is he even talking about? Wouldn't call that an "analysis". Btw, @Raja_MBZ - last time you tried this, BNB went about 100% right after... Remember? ;-) https://bitcointalk.org/index.php?topic=2080842.msg49680791#msg49680791 |
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Why is this so under the radar thus far? Top tier CEO and Tech team with so much already achieved and several many clients in the works with unlimited potential. Yet so little liquidity and low marketcap. What's the reason?
(...snip) (...snip) In the long run, the actual platform matters. Hyping up are mostly for those empty projects. Their lifespan is usually short. Deploying their technology is more important to attain its worthiness in the market. And as you can see from their price chart, they are doing great. Starting from about $0.24 and now it's worth more than $3. Very few coins or tokens can achieve this price range as most of them is in the declining stage. Exactly. Can't agree more. One other thing I'm most impressed about is.. the communication. The CEO connects with the community every 2 weeks with an AMA session, it's almost like he chooses to get himself interrogated with all the tech/non-tech questions by investors. Got to know that he's been doing it every 2 weeks since almost a year. How many other CEO's would dare to get interrogated like this? That shows the confidence in their tech. Very true, and even more important: They keep on delivering. I've found a lot of good (and even more bad) projects over the past years in this space, but even the best ones often had to struggle - a lot of delays and setbacks and so on. Quant is different until now, only moving forward without obvious problems while it seems obvious that they have much more in the pipeline than is publicly known until now. Btw, I'm surprised that it's still that unknown. A good indicator is the Blockchain itself: Only 2,597 addresses https://etherscan.io/token/0x4a220e6096b25eadb88358cb44068a3248254675 |
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