[ANN] [MADX] Madbyte - MadCapX for members & Madxfield game to collect crypto

[cryptocronic]

Madbyte wallet has had a minor update (most importantly, new checkpoints added).  Please update your wallet from https://github.com/madbytecoin/mbyt-binaries

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[madbyte]

Madbyte News - January 1, 2019

Happy New Year!! This is the year that so much more will be happening.

So, a quick recap of 2018 and a few thoughts about 2019 are in order.

Bitcoin price was the biggest story as it was at a high of $16,600 in January and a low of $3,170 in December. Some bullish predictions for the price had it at $100,000 by the end of 2018 (by Saxo Bank). But to be fair, their prediction was done in January when everyone else also expected it to hit all time highs of $35,000 to $75,000. On the bearish side, the popular YouTuber Tone Vays was predicting that bitcoin might bottom in the $1500 area. Though Tone did not give a timeline for that, he did state this prediction while BTC was still fairly high. Recently, many others have come out and followed Tone’s thoughts that we might see $1200-1500 before we see all time highs again.

Miners and mining companies went from boom to bust. Bitmain seems to have taken the brunt of the bad news, a few mining farms closed their doors and also some individual miners turned off or sold their miners for lack of profits.

In 2018 our Madbyte Coin ranged in value from a high of 400 satoshis to a low of 3. In December the high was 13 sats and low was 3. You can trade our coin on Nova Exchange.

Our main purpose is still our investment platform, which we now call MadFolio. It will allow MadCapX members to subscribe to triggers that will create a trade for them. Our founder level members will soon have access to the beta version.

2019 hopefully brings back the bulls and we can look at retesting and pushing past all time highs with Bitcoin and also our own Madbyte coin. Our major focus this year is the investment platform of MadCapX and also getting more visibility for Madbyte.

All the best,
Madbyte Team

[madbyte]

Madbyte News - February 1, 2019

With an extended bear market comes layoffs. On a regular basis we hear several ICO tokens with great looking white papers and roadmaps now shutting down. Our industry is going through a much needed cleansing of the junk that a speculative bubble brings with it. Though there will be some gems that survive and will thrive in the years to come.

The Madbyte wallet has had a minor update in the last month. We encourage you to grab the latest from github. It is not a requirement but good to have. We have no plans in 2019 to swap or fork the coin. But if we do, we will give everyone several months lead time and also consult with many of you if a change is even needed.

The MadFolio continues forward as we add new features. There is plenty to do and more features to add before we are out of beta but it already works as intended.

Many crypto projects aim for large communities and huge amounts of capital for marketing. We are not interested in a large community when it relates to our membership in MadCap. We aim for quality in terms of max amount of profits. If we have too many partners or founders the profits will dilute; on the other hand if we do not have enough the synergies of our system will not be fully realized. This might disappoint those who are interested in doing what so many misguided ICO projects have done.

As we successfully develop and test our systems, we layout an ever brighter future. Let not our mislead intentions create roadblocks that force us to abandon ship but instead teach us to build higher and always look ahead.

As always, all the best,
Madbyte Team

[madbyte]

Madbyte News - March 1, 2019

Madbyte Coin turns 2 years old on March 3rd. To celebrate, we’ll be having the party on the MadCapX.com website within the coin field faucet. There will be plenty of extra Madbyte coins and treasure chests to be found there with a sprinkling of Litecoins in the mix. Come enjoy the party and pick up some gifts.

As we move forward with the investment portfolio platform called MadFolio, we are in need of a few more beta trigger testers. If you enjoy trading or would like to try it out please contact samiboy in our Discord server. The beta tester would need to do one or more trades per day for a minimum of a week and be a member of MadCapX as a Jr. Partner or higher.

If you are new to trading go read and listen to as much information you can get your hands on. It is easier to lose then make gains. Invest only the amount you are willing to lose. Do not trade your whole amount of bitcoin into one single asset. Learn some technical analysis skills and do not rely on just a feeling or a hunch. Avoid listening to the noise on social media about an asset as that is a sure way to lose. Create trading rules for yourself, stick to them and don’t get greedy.

Last month one of our founder level members released ecoinbot.com, an arbitrage crypto trading bot platform. As he is one of our own, he released the beta version and the first payment method was the madbyte coin. Thanks Timo for putting us first.

Occasionally, we try new places to post our monthly newsletter to get more exposure and today that will be Medium.com. They are a great online publishing platform for authors and bloggers. You will be able to find this new post under https://medium.com/@madbyte

All the best,
Madbyte Team

[madbyte]

Madbyte News - April 1, 2019

Are you investing in Bitcoin and the crypto market? Each day it seems that something new is happening, such as the exchanges expanding or releasing new product offerings. A few cities accepting crypto for your tax bill. A company deciding to pay employees with crypto. Banks and credit cards continuing to try to ban investment buying of Bitcoin. Federal agencies hiring blockchain experts around the world. ETFs still not getting a pass in the US.

Many continue to invest, or some would say speculate, on a crypto coin they believe in. With hopes to strike it lucky by doubling their money overnight. Many who step in to invest without very much knowledge or time to look deeper usually lose.

Here is an example of four coins that have had some good upward movement.

Bitcoin (BTC) is going into its 9th week of upward movement. About +23% or $800. Since its low in December it is up a little over 30%. That amount sounds pretty good but yet looks more like it has just been going sideways compared to several other crypto coins.

Enjin (ENJ) took a wild swing up of about 700% in February and peaked early March and now has lost about half from the high in the last several weeks.

Binance Coin (BNB) started a bull run early Dec.2018 and has yet to slow down. Currently up over 240% since starting.

Litecoin (LTC) has also been on a bull run since early Dec.2018 with gain of over 110% and only a few slight pull backs in between that time.

Timing to buy at a low of the market is not easy and most traders do get it wrong and never see returns like these above. Though some do and others are interested in trying. If you enjoy trading, investing or learning more about crypto coins feel free to connect with us through discord or through our website.

All the best,
Madbyte.com Team

[madbyte]

Madbyte News - May 1, 2019

In this newsletter. we would like to discuss some thoughts and alternatives going forward with the development of the Madbyte coin and the use-case potential. We will also look at the ideas behind MadCapX and where it is going.

Some of the questions we have asked ourselves in the past few years are: should the coin change to something else, should we upgrade the code base or should we just swap it. We have considered Proof-of-Stake (PoS), masternodes or even swapping to an ERC20 token. The possible token idea would allow us access to ready-made mobile wallets and exchanges. A masternode coin was a thought in late 2017 but ended up not being ideal at that time. A few reasons we would consider upgrading or swapping is to make the coin more secure, accessible and enhance the current use-case. This, in turn, could bring more value to the coin. We could also change the max supply if we did a swap or burn some of the remaining pre-mine.

Currently, the main thing that Madbyte coin is used for is to gain membership into the MadCapX.com platform. That platform rewards you monthly with coins for hodling. The main purpose of the platform is for traders and investment in the crypto space. As a crypto investor, you could use it to solo trade or allow others to follow your trades. This will allow you to create your own family and friends trading group or fund. We will continue to develop this platform.

As we look at what Polymath is trying to do with security tokens and the future possibilities of regular stocks becoming tokenized, we see the potential of MadCapX being a platform connecting to several exchanges and allowing us to trade almost anything.  Could there even be future potential for our investment platform to assist companies with security token releases in partnership with the likes of Polymath?

Here are a couple of tidbits on what is happening with other coins.

Litecoin (LTC) mining reward is halving around August 7th, 2019. Have we seen the price increases in LTC in the last few months already price in the halving or is more value increase going to happen?

Ethereum (ETH) continues to look at upgrading to the Casper Protocol that changes ETH from PoW to PoS. They failed once in getting it done which might be affecting their current low value. If they are successful will that boost the value?

Our coin is on Nova Exchange based in Sweden. Since the change of ownership in 2018 they have not allowed US traders on the platform. This past month they sent emails to some Canadian users to withdraw funds as they won’t be allowing US or Canadian residents to trade on the platform. Madbyte core team is based in Canada and we are disappointed with this news. Many of us have already withdrawn our coins from the exchange. We are looking for alternatives.

All the best,
Madbyte.com Team

[Lighthousesat]

Hello MBYT!

I was just researching a bit about your coin. I have noticed it is difficult to trade in USA. There is a newer/small exchange that has MBYT listed at https://trade.thecoin.pw/market/BTC-MBYT I bought some back in Feb. this year just cause I like to have a little of everything

Be great to see where this project is headed and what the future holds!

Also what are all the options available for wallets? I like cold wallet storage options as well.

Thanks

[madbyte]

Madbyte News - June 1, 2019

In just one month Bitcoin is up over 60% while LTC and ETH are going sideways. It is incredible how things can change. Because of this upswing, the estimates to where cryptocurrencies and specifically where Bitcoin are headed, are all over the place.

If BTC value continues to go up over the next few months we will also have more news coverage which in turn would bring more people into crypto. But even if it is easier for you to get some BTC or LTC, it does not mean there are places you can use it. We are still far from mass adoption. Once you see major cryptocurrencies accepted like a credit card, we will have arrived.

Will mass adoption happen first in countries that have their currency pegged to the US dollar or where there is out-of-control inflation? Will bitcoin be like Linux where the hope was that the OS would become competitive against the desktop but instead it became the backbone of the internet. Now it runs almost all the online servers.

Many are betting on major changes in the next several years to the financial system. Some things we do know, we are heading into a cashless and a much more automated world. Paper currency, cheques, and even plastic credit cards are going away. How will bitcoin factor into this new way of monetary interaction?  I think in a big way but with some sort of controls.

Invest in what you know and believe in.

All the best,
Madbyte.com Team

[kurbeks]

So it's just BTC/crypto news. Not MadByte news

[madbyte]

We do write about crypto happenings more so and occasionally about news related to Madbyte. Though sometimes the whole newsletter could be about Madbyte if we have major release happening. As you will see our July 1st will be about crypto thoughts and investing in the space. As our main tagline implies "Invested Crypto.."

Thanks for your comment kurbeks.

[madbyte]

Madbyte News - July 1, 2019

This past month was when BTC showed it has potential momentum to go up quickly, for some analysts it just seemed it was too quick. Most altcoins did the opposite, as people seemed to be dropping their holdings in them to get on board of the fast-climbing Bitcoin. There is no doubt that BTC should be a major part of your portfolio. There is definitely consensus among many that we are heading up over the next few years. It seems that if all continues as is we will be seeing 3x-6x gains in the next couple of years, and on the high side, some are speculating that it might be more like 8x-9x gains from here.

As of this writing, BTC price has been hovering between $10400-$11200 USD, up 23% from the June 1st average.

Though there are the Peter Schiffs of this world that are stubborn gold bugs that think all crypto is heading to zero and gold will go to the moon. Like Warren Buffet not believing in Google or Amazon because he did not see the value and instead invested in IBM. Warren admitted in 2017 he got it wrong and said “I was just too dumb to realize” in relation to Jeff Bezos. Will Peter finally come around in a decade or so from now when gold could be just a pretty yellow rock with some utility.

Crypto markets do need to mature to the point that institutional money has the ability to enter. BTC is the only crypto with the potential liquidity, all the other altcoins just don’t have that and the question is whether they will in the future either. Though for the smaller individual investors or traders, the altcoin market is great to play with and try your hand at making a profit or even a living if you dare to cash-out of some of those profits.

In the last month the Madbyte Team has been helping another crypto altcoin to get a project developed that in the end will also help Madbyte coin gain another step forward.

All the best from us,
Madbyte.com Team

[madbyte]

Madbyte News - August 2, 2019

The summer heat is on and Bitcoin continues its wobbly march upwards, temporarily keeping the value of most altcoins down.  Sami is not available this month to write the newsletter and comment on the state of crypto as he is in the midst of physically moving to southern Ontario, Canada (near to where I, Cryptocronic, live).   We will be able to easily meet up in person and continue working together to complete Madbyte related tasks.

Internally, our team has been assisting with the installation and setup of a new cryptocurrency exchange, which is an initiative by one of our members.  There have been numerous issues just getting the basic configuration with four coins up and running successfully.  Initially, you will see Tradecoin, Madbyte and Litecoin markets paired with Bitcoin.  The exchange is still in testing phases but can be found at https://trade.tradecoinx.ca/trading/ if you want to take a peek.  Feel free to make suggestions of coins to add in our Discord group (or join the Tradecoinx server at https://discord.gg/nBQgXkd).  Know that they are starting off slowly in that regard as to not  over-burden the system.

Our goals for the summer are to continue testing and perfecting our Madfolio trade tracking system and to support tradecoinx.ca.  While the exchange is just a small one, we are hoping that with our support and inside knowledge of its operation, it can be trusted by our members (and eventually the general public) to not just disappear and take your coins like so many others.  We aim to keep you informed of any issues and struggles we are having as we progress with it.

Sorry for this months newsletter being released slightly later than usual and for being rather short.  Next month we will hopefully have a lot more to report on.

All the best from us,
Madbyte.com Team

[madbyte]

Madbyte News - September 2, 2019

Investing in BTC continues to be one of the best investments in the crypto space with most altcoins taking a back seat. Bitcoin has reached 70% market dominance from its low of 33% in January of 2018. It does seem it is heading back to the 80%+ area that it held until March of 2017.

Interestingly, in March of 2017 we created our Madbyte coin to join the thousands of others that were created during that year. Many of those coins are now gone. But several continue to have dedicated teams working in the background. We have been assisting, supporting and testing a new exchange.

The new TradecoinX exchange that was mentioned last month has taken another step forward toward completion. Madbyte coin is one of the first coins listed there. The exchange is sort of in open beta mode where everything is working, but yet needs some time for real live testing. Both MBYT and TRADE coins have a very low discounted trading fee of only 0.02%.

The Madbyte coin value on the cryptocronic.com website is now coming from TradecoinX instead of NovaExchange.

We have slowly been dropping all the other coins off mbytpool.com and will only be keeping the Madbyte coin on it anymore.

We try to keep a tight ship with our membership website. Those who signup on the MadCapX website and do not use it, by registering their holdings or a node, will be deactivated.

All the best from us,
Madbyte.com Team

[RoomanSr]

Madbyte Coin now Mining on:
Coins 4 U Pool

All coins less than 0.90% fees
Server Location USA, East Coast

Private Dedicated - Xeon 6 core processor with 24meg memory, for faster service.
Payout every 2 hours.


Stratum Server

Code:

stratum+tcp://coins4u.cc:3433 -u YoUrMadbytecoinAdDrEsS -p c=MBYT 

http://coins4u.cc or http://coins4upool.com

[cryptocronic]

Madbyte News - October 1, 2019

The end of 2019 is fast approaching, only 2 more newsletters left. What are some things to expect before the year comes to a close?

We are planning to offer Madbyte coin holders a swap to our upcoming token before the end of 2019.

Madbyte coin is a proof-of-work coin based on Litecoin from a 2016 codebase. Litecoin has a large base of miners keeping it very secure. So, it is important for us to consider how we will develop Madbyte to allow us to capture what we are trying to do - how to give us all more features and deliver a secure crypto future. We believe swapping to using a ERC20 token is the path forward for Madbyte.

Well over 100 million Madbyte coins have been distributed through mining, rewards and faucets. Part of the plan going forward when making changes to madbyte is to slow down distribution drastically by not having the mining option available anymore. The main way distribution will happen is through staking rewards in the MadCap system.

In the next couple of newsletters, we will layout our plans in more detail. For the latest information go to our Discord channel found through our website. We will be giving regular updates there as we go into this process.

On another note, Nova Exchange will be closing their exchange on October 7th. We suggest to either use a desktop wallet for your Madbyte holdings or if you wish to do some trading go to Tradecoinx.ca.

All the best during this fall season,
Madbyte.com team

[cryptocronic]

For anyway worried about missing the swap period we will announce it long before it starts and keep it open for months so nobody misses out.

[cryptocronic]

TODAY IS THE LAST CHANCE TO GET YOUR MBYT OFF OF NOVAEXCHANGE!!!

https://novaexchange.com/market/BTC_MBYT/

Nova is closing down permanently tomorrow and there is still a balance of 780479 MBYT sitting on there for sale.  If you own any of those coins, get them off NOW or lose them!

Move your Madbyte coins over to https://trade.tradecoinx.ca/trading/mbytbtc

[cryptocronic]

And another 466000 MBYT sitting on the DOGE market

https://novaexchange.com/market/DOGE_MBYT/

 

[madbyte]

Madbyte News - November 1, 2019

As many of you already know, the new Madbyte token we have created is called MADX.  Swapping from coin to token will begin later this month.   MADX is an ERC20 token that runs on the ETH blockchain. This allows you to store your MADX in a large variety of token (ETH based) wallets that can be run on your mobile, tablet, desktop and hardware wallets. For instance, Ledger Nano is a hardware wallet that will store your tokens securely. MetaMask wallet on your browser is a great way to have easy access when trading on a DEX like mcafeedex.com.

MADX is currently listed on two exchanges, tradecoinx.ca and mcafeedex.com.  Tradecoinx has two pairings, MADX/BTC and also MADX/MBYT. The MBYT pairing gives you an alternative way to swap for an earlier and longer time period. Though this pairing will have a limited amount available at the 1:1 ratio.

Mcafeedex.com is a decentralized exchange that has four pairings with MADX: ETH, WBTC (wrapped BTC), DIA & TUSD (USD stablecoin). This exchange can be used directly in connection with the MetaMask wallet on your browser, a ledger nano or importing an ETH address along with its private key.

Important upcoming dates:

November 1 - The end of rewards for running Madbyte nodes.  Expect to see all references to MBYT in the Madcapx member panel phased out during the month.

November 15 - The beginning of swap (at 1:1 ratio) from MBYT coin to MADX token at https://madcapx.com/swap.  You will have the option to have tokens sent to your Madcapx account or to your wallet account address.

December 1st - Rewards will now be given out as MADX going forward and no more rewards for MBYT holdings (only for MADX holdings).

December 31st - Swapping at madcapx.com/swap ends.

In regard to our reward system, all MADX will be sent to your Madcapx account and you will be able to request a withdrawal if you wish.  Note that withdrawal requests of MADX from your account may be subject to a few days wait as the processing will be done manually.

All the best,
Madbyte.com team

[cryptocronic]

The swap from MBYT to MADX is on now until the end of the year!   https://madcapx.com/swap/