I only trust top coins these days because they're the ones who follow the Bitcoin trend. I'm sure that those coins with a firm foundation would continue to boom when the altcoin season happens. It's hard for me to trust new coins these days because most of them usually end up the same way.
it is safer to buy altcoins that are already well-known and have top ranking than new coins, because new coins only run for a few months, if they already get a lot of profit, they will run away with investors' money, this often happens with projects new one Almost all of top-ranking altcoins were low-ranking altcoins in the past and made good profits for early adopters. Investing in altcoins and tokens is quite similar to VC investments. You should understand project goals and why it can succeed and don't put all eggs in one basket of course. |
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As of the moment, while the bitcoin price in the market is increasing the gas fee of ETH so far was too expensive. but even is like that, still the Ethereum remain dominant where some of the cryptocurrency can't do it. But I could say that there are some of the altcoins out there were it could be next into ETH in which BNB in my own opinion.
Agreed， ETH is the king of the altcoins now, but who could sure it still is it in the future, indeed BNB is a strong competitor, and it is very promising, besides, there are other competitors, like EOS,DOT,etc. Not only BNB, also EOS and TRON. Especially TRON. Ethereum is very expensive. Even now when fees are not so high as it was in September you need about 0.5 ETH (~$300) to deploy an ERC20 contract for example. It's ridiculous! |
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Important notice!We've noticed that yesterday at night someone bought couple of hundreds TOFU on JustSwap pool on very high price (>$0.5). Please note that JustSwap pool doesn't have enough liquidity yet!If you want to get more than 20-30 TOFU please visit our site to get some. Current sale price is $0.2 for one TOFU. Sometimes you can get it cheaper on JustSwap, but please consider amount and price impact of your purchase. We are happy to inform that our JustSwap pool's size is growing. It's still small for big trades, but now you can exchange up to 50 TOFU per trade without significant price impact. |
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I initially wanted to suggest a gateway bridge, as I recalled one project who initially was on waves, learned their mistake and decided to transfer to erc, and they created a gateway where holders can use the erc or waves version whenever they want. But I conclude from your explanation that you have an almost similar concept with this cross-chain scheme,
One question that followed this situation, though: for your platform, is that mean the token has to be available on both chain (erc and trc)? And who will provide the "other side version"? Do the dev of each token have to provide this (means if a project wants to be on your swap platform, they have to take extra step of developing "clone" token for other chain) or will this cross-chain provided by you?
Thank you for your question! No token doesn't have to be on both chains. If token is available on both chains like USDT for example, there is no real need to use TofuBridge, because token owner provided both versions herself. But TRC20 version can be traded on TofuSwap when it will be ready. TofeBridge is for tokens which are available only on one chain and token dev/owner doesn't want or have an ability to maintain its own token on the other chain. In this case anyone who has some tokens will be able to create wrapped tokens on the other chain without token owner involvement. |
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Important notice!We've noticed that yesterday at night someone bought couple of hundreds TOFU on JustSwap pool on very high price (>$0.5). Please note that JustSwap pool doesn't have enough liquidity yet!If you want to get more than 20-30 TOFU please visit our site to get some. Current sale price is $0.2 for one TOFU. Sometimes you can get it cheaper on JustSwap, but please consider amount and price impact of your purchase.
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My concern was, how difficult is it to bridge between TRC to ERC? Or perhaps I should say, how likely is it to create a new trouble like lost token, confusion, etc.? For example, I (positioned as a clueless trader with nonexistent knowledge of chains and swaps and other things, and just know that "i send the token there and it'll be like that and after that, I can do this) have a new and unpopular ERC token called ABC, and I want to swap them on your platform (which runs on TRC) how difficult is the learning curve? Is it seamless like how I trade my erc on uniswap or do I (remember, a clueless trader) need extra steps?
I noticed you've addressed this issue on your introduction post with the term "wrapped erc", perhaps we can start with what do you mean with "wrapped"?
It's not easy task, but it's possible. There are many projects which aim to realize cross chain communications right now. Usually they utilize their own blockchain for that and try to build common solution for many blockchains. Our selling point is that we don't try to build solution for everything, instead we are focusing on two specific blockchains, TRON and Ethereum, with very similar architecture and technology. We can't guarantee that token losses are impossible, but we believe that it will be very unlikely. Only some serious bug can cause that. About ABC token. If there will be no wrapped ABC token on TRON chain yet, you will have to lock your ABC tokens on bridge contract in Ethereum network to create wrapped ABC tokens on TRON network. Locked ABC tokens in Ethereum will be collateral for issued tokens on TRON. If wrapped token already exists in TRON chain, you can trade it as any other TRC20 token unless you need more tokens than exists on TRON chain at the moment. |
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Regarding waveschain. I'm on expert in that chain, but I consider that their problem was low adoption level. And there were two reasons for that: weak marketing and quite different tech stack compared to Ethereum. The second issue made it harder to add them for exchanges and other businesses. TRON has much better marketing and tech stack very similar to Ethereum.
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Technical-wise though, how will this affect user of your project, compared to if you're built on etherchain? I mean, back in 2017 or so, when waves was... well, riding the wave, a lot of projects were built on their chain, even claimed that waveschain were the next in line of crypto leader. Although (in the end) many projects were failed and people argued that's because they uses waveschain that has a lot of difficulties, etc.
You should read our whitepaper or at least this article: https://medium.com/tofudefi/cost-effective-defi-with-tron-188060ab7518If we talk about alternative smart contract chains with low fees to build cost-effective solution there are plenty of them. But if we talk about cost-effectiveness we should consider at least two things. One of them is scalability and low transaction fees. Another is development costs. TRON is EVM-compatible and uses Solidity as main language. That's why it's easier to migrate code from Ethereum to TRON than to any other chain. Binance smart chain is good in this sense too, but it has its own issues I've explained in the previous post. |
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One question to dev, if the main issue you tried to solve (as many others tried too) was the etherchain clogs, and you tried.to offer a swap platform on another blockchain, why tron? I heard (though never witnessed myself) that defis were also built on binancechain. Don't you think walking on BNB would be a better option?
Thank you for your question! We think TRON is better for these reasons: 1. Binance smart chain is more centralized. Of course TRON is not ideal in this sense, but it has better balance between efficiency/speed and decentralization. 2. We think that Delegated Proof-of-Stake (TRON) is more secure and fast than Proof-of-Authority (Binance). 3. Even though they are both EVM-compatible, TRON has some features we like. For example, free 5000 Bandwidth every 24 hours, which makes TRX transfers almost free for average users. You can freeze some TRX for energy so smart contract interactions can also be free or at least cheaper. Smart contract developer can decide who pays for smart contract interactions, he or users or both in some proportion. |
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First airdrop was successfully sent yesterday (with some delay, we're sorry for that). New one is on its way!  |
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as much as I take, they deliver airdrop in a "stake" system. The amount you put in LP against the total amount in LP will reflect the percentage you got from their airdrop allocation
Yes, that is correct. Only condition is to stake your liquidity in pool for more than 24 hours. |
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Airdrop AnnouncementWe are very excited about the growth of TofuDefi community and we are happy to announce airdrop of TOFU10 tokens. Those who become liquidity providers for TOFU-TRX pool on JustSwap will receive TOFU10 tokens for their activity. Airdrop starts: 2020-12-06 Airdrop ends: 2021-01-04 Total value: 30,000 TOFU10 We will distribute 1000 TOFU10 every day next 30 days. Every liquidity provider who deposited tokens to the pool at least 24 hours prior to next drop will get the same percentage from the allocation as their percentage in liquidity pool at the moment of airdrop. Airdrop rewards will be distributed every day at random time.
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Hello,
Central Banks monetary policy is to meet inflation rate of lets say 2-3% set by Government fiscal policy right?
Why governments want prices of all the goods and services we pay for to be increased 2-3% yearly in a compounding way?
Why cant inflation be at 0% where prices of goods/services are stable constant throughout time? For this to happen central banks got to stop printing money right?
Prices of goods and services will always increase in price due to demand and supply unless there is deliberate measure to keep them stable as long as possible. If you totally leave them to natural market forces/activities or without intervention, they will likely increase in price when supply is low, and decrease when supply is high. Government printing alots of money for buying particular goods and services that can't be produced quickly enough to replace the sold ones will decrease the supply of the goods/services or make them scarce hence price inflation of the goods/services Governments don't print money, they borrow money. Most governments don't have power to print money since WWII. |
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I'm using Bitcoin Core 0.20.1
I've never force closed the software. I'm using an old MacBook Pro, I just wish I could afford a new one.
Roz
Looks like some part of your blockchain files were corrupted. Check your disk and make backup of everything important. If disk is ok you can delete blockchain files and download it again, but it will take time. |
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So there will be 3 stage of token sale and the stage 1 is already started right now, If not all token sold out for a stage, will it be burn?
Is the price will increase on each stage? or just the bonus is getting lower from the time frame.
Thank for your questions! Yes we will have three stages and distribute 10,000,000 tokens on each stage. If some amount of tokens will not be distributed in these three stages then 50% of remainder will be locked for the team and 50% will be distributed to our users (liquidity providers and traders) within next three years. Price will increase on each stage. |
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Telegram ??
Not yet, but we will update soon. |
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 What is TofuDefi?TofuDefi is a permission-less decentralized DeFi solution that combines several independent DeFi protocols. First one is a TofuSwap. The TofuSwap is a protocol for automated token exchange on the TRON network. TofuSwap based on the same idea as constant product Uniswap protocol, but it will utilize several recent improvements like StableSwap and MooniSwap protocols and other recent developments. Second is a TofuBridge. The TofuBridge is the Ethereum-TRON bridge providing easy token transfers between these blockchains. More precisely it will collect native tokens on the one blockchain and keep them as collateral while issuing wrapped tokens on the other. These wrapped tokens can be traded on TofuSwap or used in other DeFi protocols. Third one is a TofuOracles. In the first stage it will provide a connection to the external data from real world and alternative chains to maintain TofuBridge. In the next stage of development we will focus on more general use cases. The ProblemAt the moment, the vast majority of DeFi applications are built on the Ethereum blockchain. Unfortunately, the Ethereum Network has become overloaded. Ethereum’s limited throughput and high transaction fees prevent DeFi from being adopted on a large scale. Alternative blockchain platforms provide better transaction speed and lower fees, but Ethereum has first-mover advantage. Numerous cryptocurrency projects were launched based on Ethereum platform and use ERC20 tokens. Even now, when there are a lot of alternatives, many new projects decide to launch their dApps and tokens on Ethereum blockchain. One of the reasons for this is liquidity. In a liquid market, assets can be easily converted with minimal slippage. Liquidity is the key driver for the adoption and user growth for DeFi projects. Even though Ethereum 2.0 is going to address these issues, initial release of Ethereum 2.0 will not bring immediate changes. The first iteration will serve as a testing ground for what will eventually become the only Ethereum. This change is estimated to take from one to two years. Our solutionTofuDefi Project goal is to address this issue by utilizing TRON blockchain. An early rival to Ethereum, TRON launched in 2017. In March 2019, Tether announced it was launching a TRC-20 version of USDT. Within six months, Tron-based USDT had grown to 12% of the total coinsin circulation, due to Tron’s superior throughput compared with Ethereum. The main technical difference with Ethereum is that TRON uses Delegated Proof-of-Stake consensus mechanism for adding and verifying transactions on its network. This consensus mechanism allows TRON to achieve capability to process about 2000 transactions per second. Our solution is to create simple and fast bridge between two blockchains to allow people trade wrapped ERC20 tokens on TRON with lower fees. And on the other hand we want to make it possible to trade wrapped TRC20 tokens on Ethereum blockchain which also can be useful in some cases. Our approach is suitable for projects that have a token in only one of these blockchains. Governance and TOFU tokenTofuDeFi token (TOFU) is an TRC-20 asset that empowers community governance of the TofuDefi Project. Holders of TOFU tokens will be able to debate, propose, and vote on all changes to the TofuSwap, TofuBridge and TofuOracles protocols. The total supply of TOFU token is 100,000,000 tokens. The distribution of the total TOFU supply is as follows: - 30% will be sold in three public token sales
- 40% will be distributed between liquidity providers and traders within next 3 years
- 20% will be reserved for TOFU team for continued development and support
- 8% will be sold to private buyers
- 2% will be distributed between TOFU ambassadors
Token Type : TRC-20 Token symbol : TOFU Token Name: TofuDeFi Token Contract : TTgnhmov3ezeUGxnfDdjvDt4WhNXDUD3bTTotal Supply: 100,000,000 TOFU Token SaleThere will be three token sale rounds: - First token sale started in November 2020. Current price is $0.2 per one TOFU.
- Second token sale will start in Janurary with price $0.5 per one TOFU
- Third token sale will start at the end of February with $1 per one TOFU
Website: https://tofudefi.com/Whitepaper: https://tofudefi.com/docs/whitepaper.pdfGithub: https://github.com/tofudefiMedium: https://medium.com/tofudefiDiscord: https://discord.gg/h38JR35YpHTelegram: https://t.me/TofuDeFiTwitter: https://twitter.com/tofudefi
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Regular user? If you mean privacy benefit, BIP 157 & 158 are enough for most users. Example wallet which uses it is Wasabi Wallet.
These BIPs are definitely improves privacy for light nodes, but if user's unencrypted transaction goes through third party full node then I think there is still an issue with privacy. How else would the full node broadcast user's (who use SPV wallet) transaction? If your concern is user's IP, Tor can solve the problem. I know not everyone understand or use Tor (if it's not integrated and enabled by wallet), but it's more viable option than running full node. Ok, you're right, BIP 157 & 158 + Tor can solve the issue. |
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