Show Posts
|
Pages: [1]
|
1
|
Alternate cryptocurrencies / Altcoin Discussion / What difference does pegging crypto to the SDR make?
|
on: December 30, 2020, 04:27:00 AM
|
Hey fellas! So, I was researching some DeFi and introduced the term SDR through one project called Benchmark Protocol. They are pegged to the special drawing rights - SDR instead of the USD or other currencies. So, have you heard of SDR before? Well, According to IMF, "The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. So far SDR 204.2 billion (equivalent to about US$281 billion) have been allocated to members, including SDR 182.6 billion allocated in 2009 in the wake of the global financial crisis. The value of the SDR is based on a basket of five currencies—the U.S. dollar, the Euro, the Chinese renminbi, the Japanese yen, and the British pound sterling." So, what do guy think of difference we (crypto) can make when pegged to SDR?
|
|
|
2
|
Alternate cryptocurrencies / Speculation (Altcoins) / Don't wait for the market, start selling in parts!
|
on: December 17, 2020, 03:45:45 PM
|
If you are invested in Bitcoin, we have reached at the stage where it is very confusing whether to hold for more gain or sell at the current price. You will have started seeing traders and influencers posting snapshot of fancy profits they made and they are waiting for handsome XYG price fulfilment. Well, take them lightly and don't follow blindly. Be cautious to avoid losing your funds. This is a crucial times for newbies, especially.
So, if you are a holder you will most probably be thinking about waiting more until it gets to XYG price. This is not a good move in such volatile, ATH-hitting market. So, I think selling in parts can be the best strategy at the moment. You will minimize risks while getting good prices in parts. What do you think?
|
|
|
3
|
Alternate cryptocurrencies / Speculation (Altcoins) / Are we gonna see a new ATH this year?
|
on: November 27, 2020, 06:58:16 AM
|
So-called bull run is not running as it should be climbing ATH. It seems what is happening this is time is just because of hype created by YouTubers and media stream like
- ETH2.0 is gonna be massive, buckle up! - PayPal has created BTC shortage by buying entire mined volume of BTC - Spark token airdrop pushing XRP price high - And so forth!
XRP price speculation is because of its airdrop as I have seen people buying XRP tokens to get Spark. In fact, 3 of friends I know have bought for the purpose of Spark solely but they don't know what is Spark yet. Lol! So, do you think that we are going to see new ATH for BTC, ETH this time? Let's talk!
|
|
|
4
|
Alternate cryptocurrencies / Announcements (Altcoins) / 📢📢 [ANN][RAM] Ramifi: An improved synthetic commodity 🔥🔥
|
on: November 21, 2020, 03:32:46 PM
|
The bitcointalk profile owner is not associated with Ramifi in any way. If you think this member is promoting scam, kindly inform the poster immediately instead of reporting. The thread will be taken down upon request!  Synthetic commodities are a recent type of digital asset with many unique applications. They have proven to be robust and uncorrelated with existing financial instruments. As such, there are many latent potential uses for synthetic commodities in terms of value attribution. 0000000000000000000000000000000000000000000000000000000000000000000000000000000 Ramifi takes a unique approach to synthetic commodity value attribution by utilizing a dynamically weighted basket of commodities to discern the dollar's purchasing power. This approach accurately accounts for inflation in real-time and allows users to better understand their underlying assets' real purchasing power.
Ramifi is a project whose aim is to take on the role of money in the new decentralized economy. There have been many clever attempts, with each growing progressively more sophisticated than the last from USDT to DAI to Ampleforth. USDT gave us an easy off ramp to escape the volatility inherent to the crypto markets. DAI did the same without the need to trust a 3rd party that had the reserves to make good on its debts. AMPL took it a step further without the need for over collateralization of assets for it to be produced. |
.Why Ramifi?. Dynamic peg
RAM token is pegged to the average price movements of over a 150 different commodities. A simplified way to portray this is by using a commodity like gasoline as an example. 000000000000000000000000000000000000000000000 Regardless of what the USD does, 1 RAM still has the purchasing power necessary to buy that gallon of gas.
| |
 |
0000
 | | Dynamic supply 00000000000000000000000000000000000000000000000000 In order to ensure the RAM token's value stays close to that peg, the supply is adjusted daily. You can look at the inflating balloons in this example as the supply decreasing, and the growing anvil as the supply increasing. These mechanisms ensure that 1 RAM is always equal to 1 gallon of gasoline. |
───────────────────────────────────────────────────────────────────── Stablecoins are all aiming to become a decentralized store of value, yet they all fall short with being pegged to the US Dollar, whose value is continuously decreasing. The USD is a global medium of exchange recognized across the globe and is a denomination that people understand, an understandable choice for stablecoins. 00000000000000000000000000000000000000000000000000000000000000000000000000000 Stablecoins are all aiming to become a decentralized store of value, yet they all fall short with being pegged to the US Dollar, whose value is continuously decreasing. The USD is a global medium of exchange recognized across the globe and is a denomination that people understand, an understandable choice for stablecoins.
The Ramifi protocol's unique approach to the dollar's declining real purchasing power is critically important due to increasing inflation. Currently, consumer inflation is calculated using a metric known as the Consumer Price Index. Over time, this index's approach to calculating consumer inflation has changed drastically, having consistently been adjusted to demonstrate low inflation rates.
The results of these miscalculations have been starting – rather than the nominal consumer inflation rate of roughly 1.4%, the actual rate of consumer inflation is likely somewhere around 10%. This large discrepancy helps to explain the increasing dissatisfaction of the average cons- umer as their currency's purchasing power continues to erode. |
(Relative loss of dollar purchasing power over time due to inflation)000000000000000000000000000000000000000000000000000000000000000000000000000000 Ramifi addresses the clear demand for a durable synthetic commodity that accurately tracks the world's largest fiat currency's real purchasing power. As digitization continues to occur rapidly, we believe that users will become increasingly aware of the rapidly declining purchasing power of their assets. For these reasons, the supply of Ram tokens will be continually adjusted at set intervals to reflect both fluctuating user demand as well as real-time changes to the purchasing power of the US dollar relative to a basket of dynamically weighted commodities.
How do we calculate the purchasing power of the dollar? The Ramifi Market Oracle tracks over 150 of the global market's most liquid commodities using the protocols Denominated Mean to assure that it represents the most accurate picture of inflation and weighted US dollar purchasing power. |
(As the primary fuel source for our modern world, oil is the most liquid commodity traded today. Open interest oil contracts measure in the tens of billions of dollars at any given time.)0000000000000000000000000000000000000000000000000000000000000000000000000000000 000 Futures contracts are incredibly liquid thanks to a robust secondary market in which speculators actively trade contracts before their expiration dates. This liquidity reinforces the underlying commodity price and facilitates an efficient method of price discovery for an otherwise cumber- some physical asset class. It is important to note that unlike options, futures come with the obligation that the contract holder take delivery of the underlying commodity at the contract's expiry date. For this reason, the time value of commodity futures contracts is a highly salient feature of the contract. As such, commodity futures contracts that are closer to their expiration date generally trade with less volatility than contracts that expire closer to the given date. (Ramifi Protocol plans to use Chainlink's secure DeFi price feeds, using the on-chain reference data available.)
Moreover, an amalgamation of hundreds of different commodities with a precise and securely fed price feed allows the protocol to extract a denomination of the dollars current buying power in global trade markets worldwide. A good example of why it is necessary to use a multitude of commodities is due to their inherent volatile nature. A divergence of price or volume over time will still be accounted for within the protocols Denominated Mean. Below the chart demonstrates the volatile nature and price divergence of just 5 commodities:

(Source: Standard and Poor’s Goldman Sachs Commodity Index (GSCI) — EIA.gov)
.The Injection Offering (IO). An injection offering is a new and innovative way to provide investors and the crypto-community with a more sensible approach to Token Offerings. The process of Ramifi’s (RAM) Injection Offering begins with our Market Maker introducing a 50/50 split of Ethereum and RAM token of equal value into a Uniswap V2 contract. This allows 1 RAM Token to be priced at 1 dollar, our initial offering price.
As tokens are purchased with ETH, the amounts in the Market Maker contract will be readjusted on a 24 hour basis. This means that when the contractreaches its first 24 hour cycle, more RAM Token is ‘injected’ or sent into the contract to rebalance the value for each token. Overtime, these cycles will eventually allow a natural distribution to desiring holders until all tokens have been sold.
───────────────────────────────────────────────────────────────────── We believe Ramifi will play a central role in discerning the dollar's real purchasing power and improving the overall cryptocurrency space as a whole. Ramifi's aim is to provide an ambiguous solution, in a game changing manner. We thank you for your time and attention and look forward to the impending future of monetary systems as a whole. |
|
|
|
5
|
Alternate cryptocurrencies / Altcoin Discussion / Is running ETH 2.0 validator node on VPS recommendable?
|
on: November 13, 2020, 01:42:14 PM
|
Hey folks!
I hope you are guys are making good profits. Coming to the point, owning a required hardware system especially for hosting ETH 2.0 validator node is not feasible for all - economically and practically. Electricity outbreaks, natural disasters, internet downtimes etc. are a few factors that act as a barrier. So, in this situation, is going with VPS for hosting a ETH 2.0 validator node recommended?
If yes, validators also have to be profitable considering VPS costs per month. Popular VPS provider including DigitalOcean, AWS, GCP etc. with required system requirements are costly considering a minimum of 2 years of rent. So, what are the trustable VPS providers to accomplish this task?
|
|
|
6
|
Alternate cryptocurrencies / Announcements (Altcoins) / 🔥🔥 [ANN] LIBER FOREX: The Future of Forex Trading Platform ✅✅
|
on: July 29, 2020, 07:37:26 AM
|
LIBER FOREXThe Future of Forex Trading Platform_________________________________________________________________________ WEBSITE | WHITEPAPER | FACEBOOK | TWITTER | TELEGRAM | REDDIT_________________________________________________________________________ .INTRODUCTION ABOUT LIBER LTD. Company informationLiber Ltd works in financial trading area with enrollment number 174775, Authorised and Regulated by Belize (Belize Securities and Exchange Commission). Outstanding technologies applied in our Fodex trading floor:1. Artificial intelligence (AI)
Our advanced trading system is a safe management system that has been built for years. The system automatically analyzes abnormal trade to quickly issue automatic and semi- automatic processes, which supports a flawless system operation and issues warnings about system safety, providing more assistance to be initiative in problem dealing.
2. Bigdata
This technology provides assistance in archiving the whole trading data of millions users. All trading history is archived entirely in full transparency. The system also archives price graph and marketing events of different scales. Indicators are archived entirely and anal- yzed by AI system to logically and scientifically produce daily, weekly, monthly and yearly statistics. Those statistics are valuable sources of reference for our customers to look at before deciding to order new stock. 00000000000000000000000000000000000000000000000000000000000000000000000 3. Blockchain
Hackers are not able to attack and make any change to our, trading and statistics as our data is archived up in an isolated Blockchain network. Hence, our customers are entirely reassured that there is transparency and integrity in system datasets. | .WHY SHOULD YOU CHOOSE US?. 0000000000000000000Excellent Trading Conditions | | 0000000000000000000Intelligent Trading | | 0000000000000000000Preeminent Trading Tools | | 0000000000000000000Convenient Options For Trading Floor | | 0000000000000000000Safe and Reliable Trade | | 0000000000000000000Suitable For New Participants | .MISSION & GOAL.MISSIONBy remaining client-centric culture, our mission is to provide clients with best customer service. By this way, we can achieve view to upholding our position in the market as a pioneering company well-known for its customer service so that we can promote the safety and prestige of our own system, bringing customers absolute reassurances. GOAL (2020-22)Diversify product category in trading floor by adding product as following: - Metal and energy
- Index
- Stock
- Cargo
- Crytocurrency
- Bond - DMCA |
Henceforth, it provides investors with more trading options, which creates diversity and chances for investors. During this period, we will develop marketing and media strategy to extend our market to the world with view to gain 2 million users within 2 years. GOAL (2022-25)Thanks to our continuous development orientation, Liber LTD may announce the IPO in the New York stock exchange floor in 2025. It is an important goal to our long-term development strategy. Therefore, our team is putting in unrestful efforts to achieve the goal. After being successfully listed, we will build equivalent structure to change Libfx token into our stock. There will be an additional gratitude policy for investors with Libfx token. .LIBER TOKEN. The Introduction of TokenLibfx (stand for Liber Token) is created on the basis of Ethereumce and in accordance with in standard of ERC-20. Total supply: 35.000.000 Libfx. Ground for Token ReleaseWe need support from the public to quickly gain the missions and goals that we have proposed. However, token release is not just for our initial goal to call for funding but it is tied to our development strategy in the following specific way: - Token is used a payment method in the trading floor.
- People charging by token on the trading floor will enjoy special promotion programs
(those promotion programs will be soon published) - Libfx owners have exclusive rights to purchase Liber Ltd’s stock as it is listed on the
stock exchange floor. - Libfx is introduced with view to be integrated into future digital stock system
00000000000000000000000000000000000000000000000000000000000000000000
|
|
| .TOKEN DISTRIBUTION. .ROADMAP. 0000000000000000000000000000000000000000000000000000000000000000000000000000000 - 2019: Build and developing a basic trading platform in which AI, Big Data and Blockchain is applicable. Completely build the teams operating the whole system - Q1 2020: Introduce the trading platform, make trading floor come into practical operation, officially mark the appearance of Liber Ltd in the currency exchange market. - Q2 2020: Continue to improve and upgrade the system in terms of function and technology. - Q3 2020: Release Libfx token to fuel the strong development of the trading floor. - Q4 2020: Expand the market to all over the world, propose to have 500.000 users in the whole system. - 2021: Diversify products on trading floor, build intelligent statistical system to support investors in decision making. Payment method using Libfx token is provided in this period and there are promotion policies only for users who use the token to charge in. - 2022: Set goal to gain 2 million users in the whole system. - 2022-2025: Finish administrative paperwork and detailed plan for IPO announcement and simultaneously publish exclusive rights for investors owning Libfx tokens to hold stock of our company. |
|
| .DEVELOPMENT TEAM.
|
|
|
|