[CHEDDA]

CHEDDA


Chedda is a community curated, multi-chain dappstore and NFT Market with on-chain governance and a gamified rewards system.

Users discover new dapps and NFT projects while interacting with their favorite projects.
Insights are provided by users in the form of ratings, reviews and likes which provides a rating system for projects on the platform. Users are rewarded for their contributions by non-tradeable tokens (Chedda XP) and NFTs.
The Chedda NFTs provide a mafia inspired ranking system, in which users can level up by their activity and can finally attain the rank of Godfather!

Thus, by being active, users earn Chedda XP and in turn Chedda NFTs which offers them more benefits as they level up.

Chedda aims to be the multi-chain dappstore managed by the users, and for the users.

The platform is made up of the following modules deployed as smart contracts on participating chains:

Dappstore
The Chedda Dappstore is a one-stop shop where users can discover new projects and interact with their favorite dapps.
The dapps listed on the platform are pre-selected and voted on by users. Users provide constant feedback in the form of ratings and reviews which provide insights to other users on the quality of dapps.
Think of this as a Yelp for dapps. Dapps which are identified as misbehaving can be voted to be delisted by the community. Hence, a minimum level of quality is ensured for dapps that are continuously listed in the Dappstore.

NFT Market
The Chedda NFT Market is a marketplace for talented creators to connect with users.
One problem with open NFT marketplaces such as OpenSea is the rise of NFT spam, which makes discovery of quality projects a challenge.
Chedda solves this problem by vetting all projects that get listed. Only top quality collections by talented creators will be listed in the market.
The Chedda Community decides on what makes a quality project. The community also has a chance to learn about NFT projects before they are listed and actively traded in the market, as the listing proposals are public.
The market will highlight creations by unique artists, focused on African and Native American digital art.

Rewards
User participation is crucial to the success of the platform.
All user contributions are, therefore, rewarded. Users earn Chedda XP for all constructive actions they take such as liking, giving ratings, reviews and voting.
Users are placed on a leaderboard which serves as the ranking for users in a time period (an epoch). At the end of the epoch, the users with the highest amounts of Chedda XP earned (the most active users) can claim NFTs which indicate their level on the leaderboard.  Holders of Chedda NFTs will receive NFT drops, airdrops and other benefits from projects listing in the Market and Dappstore. Cheda NFTs also serve as a badge of honor for the Chedda community members. In each epoch, users get to level up to the next level, which offers them more chances to win NFTs and airdrops for future project listings.


Governance
Chedda is a community governed platform.
One problem with centralized dapp aggregators is a lack of transparency. On Chedda, all decisions regarding listing, delisting and maintaining projects on the platform are up to the community.
Chedda community members vote on proposals, which when passed, are executed automatically by smart contracts. A user's weight in a vote is equal to their Chedda XP balance. Thus, more active users have greater say in the direction of the platform.

Chedda aims to move to the fully to a DAO governance model in the medium term.

The Chedda Testnet is now live on the Polygon Mumbai Network. You can start earning Chedda XP on the Testnet.
Our main net is coming soon to a chain near you.

Join the Chedda Gang and connect with us to learn more:

Website: chedda.store
Twitter: twitter.com/chedda_crypto
Discord: discord.gg/4ZMWVez73A
Testnet: testnet-polygon.chedda.store
Github: github.com/chedda-tech
Documentation: docs.chedda.store

A lot of the ICOs these days are focusing on tokenizing assets, but truth is most of these assets that are supposed to be tokenized are not seeing real world use. That trend is slowly fading.

A less explored angle is going back to the basics of what a cryptocurrency should be; A currency. As we've seen, Bitcoin and Ethereum have been great stores of value in the long term, but are not as great as a medium of exchanges due to the limitations both currencies have.

One project working on solving this problem is Tip Blockchain. They're going back to the basics and building a cryptocurrency that is first and foremost a currency. They have usernames that make it easy to find people to transact with.

Their demo is live here: https://discover.tipblockchain.io

Bitcoin futures trading was launched on two of the biggest futures exchanges; first CBOE and then CME.

It is now possible to make money on trading futures if the price is going up or down. It provides a great opportunity but also has some risk as if you go against the market you could lose money, even in a bull market (if you short).
One seemingly easy way to trade XBT futures would be to watch for news, especially negative news, as it is not in short supply and take short positions as soon as negative news comes out. The Bitcoin price is usually slow to react thus if you get in early, you could have your positions placed before the market reacts. Such a strategy might work in more stable markets, but with the market as volatile as it is, it is possible for things to move in the opposite direction before the effect of the news kicks in.

Has anyone tried such a strategy trading Bitcoin futures, and how likely is it that this could work reliably?