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

[madbyte]

Madbyte News - December 1, 2019

We would like to remind you that the swap from MBYT coin to MADX token is happening right now. Over 70 million have already been swapped. The swap period will end on December 31, 2019, but do not wait till the end of the month to do the swap. If you are having any difficulties in syncing your wallet or getting your coins sent, please contact us through our website contact form or via Discord.  https://madcapx.com/swap/

All Madcap staking rewards this month will be given as the new MADX token right into your account. Those that still have the old MBYT coins staked as holdings in the Madcap system will not be given rewards anymore.  Withdrawals of MADX from your internal account to external addresses will be implemented later this month.

Two exchanges have MADX listed: Tradecoinx.ca and Mcafeedex.com. If you are wanting to buy or sell tokens, those are two ways to do it.  It is also very easy and cheap to send from person to person by using one of the many wallets available for ERC20 tokens.

If you are new to Madbyte, it is easy to get free MADX tokens right inside our Madcapx.com membership website. Once you signup, go to our internal faucet, the simple tokenfield game, to gather free tokens and compete to be the number one player.  On the first of each month, all the token rewards you have gathered are placed into your internal Madcap wallet.

Our next newsletter will be in 2020 and we have many new things we look forward to announcing throughout next year.

All the best,
Madbyte.com team

[cryptocronic]

The time for swapping from MBYT to MADX is almost over!   If you still have any MBYT left, act quickly or end up bag-holding an unsupported coin.  Swap at https://madcapx.com/swap

[cryptocronic]

Last day to be able to swap from MBYT to MADX. 

[madbyte]

Madbyte News - January 1, 2020

Happy New Year!!! It is great to start the year in a new gear. Our swap is finished. Well over 100 million Madbyte coins were swapped to the new Madbyte token known by the symbol MADX on the ETH blockchain.

Every single member of the top three tier levels swapped to the new token. Only about 2% of the member’s coins did not swap for whatever reason. For those who missed the swap, it is still available at a slightly lower swap ratio at TradeCoinx.ca exchange.

In January, you will be able to withdraw and deposit MADX tokens from within the new MadVault. All the coins & tokens within the MadVault will be held in cold storage.

We look forward to what is happening in 2020 in crypto and not only with Madbyte. Bitcoin will be halving, getting Schnorr Signatures, Taproot and many eyes are going to be on the price to see if it can get a new all-time high over $20,000. Ethereum will be releasing many new updates to get it closer to ETH 2.0. The DeFi (Decentralized Finance) space will continue to expand with over 90% being built on Ethereum. It will be an exciting year.

All the best,
Madbyte.com team

[madbyte]

Madbyte News - February 1, 2020

The Madbyte token and MadCapX membership website are not part of a company and do not currently make a profit of any kind. The token is used mainly for the purpose of allowing holders to be members and as such, gaining monthly rewards for maintaining membership.

MadCapX was built for individuals who have MADX tokens and either wish to hold them longer-term or else convert them to another crypto. The website is home base for MADX holders and we will continue adding new features. For example, in the coming months, we are working on a feature that will allow you to do simple trades without fees. Since this is the hub for Madbyte and the majority of the token holders, it could also set the lead for the token value against BTC.

In January we added MadVault to the panel. This opens up deposits and withdrawals of MADX, BTC, LTC & ETH. Another reason for the new MadVault feature is to allow MadFolio users to store their crypto in our secure cold wallets. All transfers in and out of our system are manually handled which allows us to watch for suspicious activity and prevent hacking.  Deposits and withdrawals are also another step toward allowing members to do trading internally.

Once we are happy with how the membership site works we will look at adding new websites for the MADX token. Our internal roadmap has more platforms we hope to tackle but as per our usual operating method, we will only release information once we have a working beta.

All members with MadCap holdings can now see the MadFolio page but to see and use the Binance API feature for trading you need to be a Junior Partner or higher tier.

All the best,
Madbyte.com team

[madbyte]

Madbyte News - March 1, 2020

February saw bitcoin go above the USD $10,000 mark once again, before sliding back down to below $8500 by the end of the month. As most are aware that the next BTC halving is expected to happen near May 12, 2020, leading to a variety of predictions to where the price is going in the next 10 weeks. Several bulls are predicting a new all-time high over $20,000 in 2020. So does that bring us to about $14,000 in May?

Since MBYT coin was swapped late 2019 to MADX token, what is our expectations on the value going forward? If we take a quick look back, from November to December the value hovered between 1 to 9 Satoshi. January saw it rise to as high as 14 and in February to a high of 17 Satoshi. Could we continue to see new highs made each month for MADX? Will it go over 20 in March with BTC over $11,000?

The TradecoinX exchange that we are listed on is new and has been in beta release. It has low volume and the order books are thin. The Madbyte team has been assisting with the exchange whenever they have needed us. This past month, the exchange was successfully moved to AWS and upgraded with some new features. Many of the issues it was having last year have been now fixed by the developers.  As always, we recommend that you do not use any exchange or platform for storing your coins except when actively trading. You should store your BTC or MADX in your own local cold wallet. “Not your keys, not your bitcoin” as Andreas Antonopoulos would say.

MADX has finally been listed on coinmarketcap.com except it still lacks data values since we are not listed on any of the exchanges they are currently following.

If you are in the northern cold climates… summer is just around the corner and so is the halving.

Warm crypto wishes,
Madbyte Team

[madbyte]

Madbyte News - April 1, 2020

What just happened? Most of the world is on lockdown and unemployment went through the roof. Several governments will be handing out money, not by the millions, but by the billions/trillions to make sure we stay away from each other. It is amazing how things can change in a month.

Cryptocurrencies are well suited for this as most dev teams have been social distancing from the beginning.  Many devs do not even want to even be known except by their pseudonym in Discord or Telegram. Cash has become dirty (potential virus carrier) needing to be sanitized by a disinfectant wipe, where your crypto just needs a QR code to transact. The more cash that gets printed, the less it is worth. You get the idea.  Fiat cash seems to have tested positive for COVID-19, now we wait to see how sick it will actually become.  Or will it weather the storm and gain immunity.  Since death rates are low, the chance of fiat passing away is still unlikely.

All markets took a massive nosedive, as did BTC. So where will Bitcoin go from here? Who really knows. The things we should be watching out for are: the release of a Fed digital dollar (what will that mean for cryptocurrencies), BTC dominance (will it rise from the current 60% to 90%), and the Bitcoin stock to flow ratio (will it hold within the current patterns). 

Since everyone is giving away fiat money, we figured that we should join the party.  Starting today MADX will be doing an airdrop for the next week. If you are new and wish to get some tokens (between 100 to 300 MADX) all you need is an email and a MADX token address, go to https://madcapx.com/airdrop/.

Stay safe everyone,
Madbyte team

[madbyte]

If anyone has any MBYT still on tradecoinx.com exchange we will be removing the MBYT node very soon. The swap ended Dec.2019. Thanks.

[madbyte]

Madbyte News - May 1, 2020

The mining reward for the leading cryptocurrency, Bitcoin, will be halving around May 12th. This is the third time this will have happened. The reward started at 50 Bitcoin and dropped to 25 in 2012, 12.5 in 2016, and now to 6.25 BTC. These halving events, in turn, has caused Bitcoin value to increase historically. Price during the first halving was $12 per BTC and 150 days later it had gone up to $127. In 2016 the halving price was at $650 and now in 2020.

Bitcoin will continue to be extremely volatile and even more so as we have this perfect storm of events from money printing, halving, and the worldwide lockdown. A few weeks ago we were at lows of $3800 or so and now highs of $9000. The speculation in the stock-to-flow model has BTC heading into the $100,000 area in this next 4-year cycle.  It seems unreal but so did today’s current value in 2012 and 2016, yet here we are. So if you want to speculate, there is always time to see if 10x returns are available. Though when you speculate you can also lose substantial amounts.

We will be expanding the MadCapX tier levels sometime this month. Tier levels will be number-based and no longer have names. For existing members, you will be transferred to the matching new tier at the corresponding reward level. You may ask how many tier levels there will be... but that is a secret that can only be found out by leveling up. We are also changing it so that you will no longer hold multiple tier levels, but instead have just one which is automatically calculated and checked every day from the total in your vault and listed holdings. You will be able to list external holding wallet addresses with at least 1000 MADX or higher. Rewards will continue to be given out on the first of every month.

During the month, do not worry if the panel stops working and you see the message "MadcapX is currently down for maintenance." as that just means we have temporarily turned off functionality for members while system changes are being performed. We will probably be taking the system down multiple times for varying time spans. If you come across any issues, please inform us via our contact form or in Discord.

Happy investing,
Madbyte team

[madbyte]

Madbyte News - June 1, 2020

This past month the MadCapX membership website had a successful change related to it’s tier levels. Gone are the 7 levels starting at a required 8000 to 2.5 million MADX holdings. Membership now starts from 1 MADX token and continues way past the previous 2.5 million.

Your Madcap level will automatically change as you add more internal holdings or specify more external holdings. Higher levels will occasionally have more options. For instance, in the coming month, higher levels will get the new feature we’ve been working on first. So those of you who are in the higher levels should look out for that upcoming new addition.

MadCapX has been the membership platform that Madbyte considers our base for the crypto investor that we will continue to build onto. In 2020, a new platform will be built that relates to a whole different industry but will still use our Madbyte token, MADX. We will share more about this in a later newsletter.

Bitcoin value has continued to hover in the $9000 USD range over the last few weeks. If you are interested in trading cryptocurrencies such as Bitcoin, there are many large exchanges such as Coinbase, Binance, Kraken, and many others you should look into. If you are interested in trading Bitcoin through your broker or within your retirement account, check out symbols GBTC or QBTC.

Until next time, buy some dips and sell those humps,
Madbyte Team

[madbyte]

Madbyte News - July 1, 2020

Today we are enabling a new feature that allows members to buy and sell Madbyte tokens within the MadCapX platform. It is being released in beta for members that are tier 8 or higher. This allows us to beta test it with a wider group before releasing it to all tier levels.

Initially, there will only be a MADX.1K/BTC pairing with possibly a few more added in the future. Since we do not want people trading MADX in too small of quantities, we have decided to create minimums of 1000 MADX trades (and only in chunks of 1000 MADX). So, 1000 MADX equals 1 MADX.1K.   

We have implemented order expiry times to keep the trading page as clean as possible. The higher tier level you are, the longer your orders will remain listed.  There are no trading fees. Fees only come into play on our system when you withdraw to an external wallet.

Once the trading system is all done and out of beta, you will start seeing more information related to a new website we are working on, Madxgames.com.

Stay in the zone,
Madbyte Team

[madbyte]

Madbyte News - August 1, 2020

One Bitcoin, as of the writing of this newsletter, is worth over $11,000 USD. It is only the second time in history that it has closed the month over that. This past month also saw a surge in the value of several alt coins. The news of Cardano (ADA) releasing a hard fork has caused it to push to new YTD highs. The large amounts of money going into DeFi (decentralized finance), mainly being built on the Ethereum blockchain, are in turn giving high returns to related tokens.  ETH (Ethereum’s gas) itself has gone up in value by about 25-30% in July. Since this bullish upward swing has started, many in the crypto community have turned bullish. How will August fare?

Madbyte token, MADX, is now available on the Saturn Exchange. It is an DEX (decentralized exchange). Visit https://www.saturn.network/exchange/ETH/order-book/madx or you can access the same DEX with MADX/ETH pairing via our own domain: https://madcap.exchange/.

Our trading area called MadTrade, in the MadcapX.com members platform, will now be open to all tiers to use. The buy and sell order expiry times have been extended for all tiers. If you are looking for a more traditional exchange than a DEX or what our platform offers, try https://tradecoinx.com.

All MadcapX members are now able to buy BTC and other cryptos directly using fiat money such as USD, EURO or CAD. The BTC purchase defaults directly to your MadVault wallet though you can change the address and have the Bitcoin sent to any BTC wallet address. The transactions are secure and are handled by Transak.

New to Madbyte? Signup on MadcapX.com, login and go to your profile to add some more info to your profile.  When you save, you will get 1 MADX token as a new user, which automatically makes you a tier one level member. You are now able to use our trading platform to buy more MADX and move to a higher tier level.

All the best,
Madbyte Team
Madbyte.com

[madbyte]

Madbyte News - September 1, 2020

As we write these monthly newsletters you will have noticed a common thread among them. We update you on what is happening with Bitcoin as it is the gold in crypto or digital gold. It is by far the most important metric to write about when it comes to this new asset class. After that we might talk about other hot topics that are happening in crypto and any new news that we have about Madbyte.

Bitcoin continued to move upwards in August with the high going over $12,400 USD. According to PlanB, the creator of the stock-to-flow BTC price models, Bitcoin is following the S2F model as expected. The models put the target value at $288,000 over the next few years.

ETH transactions fees reached a high of over $7. This is a problem for the small user on the ETH network.  The high fees are mostly caused by stablecoins but also DiFi (decentralized finance) and DEXs (decentralized exchange).   Heavy usage by these entities are causing the fees to jump on the network. Average fees ranged between $1.50 to $7.00 in August. There is talk of a solution to bring them down before ETHv2 is released but for now don’t hold your breath.

If you do trade on a DEX or just move your MADX tokens (ERC20) from one wallet to another the fees have increased drastically as noted above. So a reminder that on MadTrade, inside the MadCapX platform, there are no trading fees.

MADX Games platform will be tied together with MadCapX so there will be no unnecessary transaction fees to move between them. This will allow you to play games or join a tournament within madxgames.com and gain extra MADX or BTC from winning and place them back into your MadVault for safekeeping.

Over the coming months we will watch what Ethereum does in relation to transaction fees before listing on a DEX exchange such as Uniswap. They hit $589 million in daily trading volume in August, which is impressive, surpassing Coinbase Pro ($404 million) and Kraken ($187 million).

All the best from the Madbyte Team
Madbyte.com

[madbyte]

Madbyte News - October 1, 2020

What was Bitcoin’s value over the last several years on October 1st? In 2012 it was super low at $11 USD, with the first halving only 2 months away. In 2013 it was at $127 and the Cyprus banking crisis hit the financial markets. Also, during 2013 was the first time Bitcoin passed the price of gold for a brief moment.

In 2014 it was valued at $387. By the end of the year it was given the title by The Guardian as the worst investment of the year. Mt.Gox exchange had failed and Ethereum did its ICO (Initial Coin Offering) and the silk road website was taken down. Tim Draper bought a good chunk of Bitcoins at auction and was predicting it to go to $10,000.

In 2015 it was lower at $238 but in 2016 the price was at $614 with the second halving having happened. During 2017 it reached a lofty $4404. 2017 also was when ICOs became popular with a few blockchain projects raising over $200 million. In 2018 Bitcoin was at $6601 and the ICO frenzy died. During 2019 it was $8334 and some exchanges continued to get hacked. Bakt opens futures trading and bitcoiners are talking about the third halving in 2020. And so today bitcoin is valued at about $10,600.

Most of those years saw massive changes up and down in value. For example, in 2013, there was a massive rise of 10,250% from $12 to $961 but in 2014 it dropped 52%. If you look at Bitcoin valuations from the October 1st lens it seems like a great time to buy especially after a halving.

We continue to see Bitcoin as the number one crypto for a portfolio even though almost every week we see another new cryptocurrency pop up. Some of them even hit the top 10 on Coinmarketcap very quickly. For example, UNI (Uniswap) is up over 2700% on Binance since it was listed on Sept.17, 2020. But history shows that most altcoins over the long term are not very successful.

Be careful of FOMO but happy investing,
From the Madbyte Team.

--
In summary, Bitcoin, on October 1st was:
2020 - $10600
2019 - $8334
2018 - $6601
2017 - $4404
2016 - $614
2015 - $238
2014 - $387
2013 - $127
2012 - $11

[madbyte]

Madbyte Update - November 1st, 2020

So it is almost the end of the year, and what a year it has been!  The COVID pandemic has dominated the news cycles and affected nearly every country in the world.  Starting with this update, we will no longer provide any market analysis or commentary here. Instead, we will keep you informed of what is going on with the Madbyte / MadCapX projects. 

As you may know, we recently started a new weekly periodical at madcapx.substack.com, which will contain expanded cryptocurrency market coverage.   We will feature a different coin/token each week and provide access to a running portfolio that you can follow.  Keep an eye out for periodic discounts provided for MadCapX members.

Concerning our MadCapX member area, we have continued working on back-end bugs and administration features for our MadTrade section.  This trading system was the final significant addition we had planned for 2020.   If you have any suggestions for services or features in the member area going forward, why not suggest them to us in our Discord.

Finally, we have also decided on changing the name of this monthly report from “Newsletter” to “Update” to classify it more accurately.

All the best,
Madbyte Team

[madbyte]

Madbyte Update - December 1st, 2020

As the Christmas season descends on us, Bitcoin ascends to new heights! Hopefully, if you've held on to your BTC, you can now (or soon) claim that you've made a profit even if you bought during 2017. Keep holding as it will, sure enough, go higher! As a gift for the season, we've given a free month subscription of our Investor research newsletter to a few groups of our highest ranking MadCapX members. So far, our newsletter has profiled Bitcoin, Litecoin, Ethereum, Cardano, Chainlink, and Polkadot. If you are interested in learning more or subscribing, please check out madcapx.substack.com.

One of the Madbyte founders, Sam, will be heading to Uganda in January to pursue humanitarian work. This is not the first outing for Sam in Africa, as he has visited and lived there multiple times in the past. Madbyte and MadCapX will continue to be a focus for him, no matter his geographic location. We will start focusing again on the gaming side of things at madxgames.com as the new year begins. There will be a dedicated small team working on some features there that we hope to be able to showcase by the spring. MADX tokens will be an integral part of it.

Here's to hoping 2021 will be a great year! 2020 was crazy all around. See you next time.

All the best,
Madbyte Team

[madbyte]

Happy new year!!!

In the last update we were saying how close BTC was to its all-time-high and here we are now having easily surpassed it and approaching $35K USD for 1 BTC. With it looking like everyone wants in on the action, the price might keep pumping or we might be heading for a correction. Either way, remember that if you do decide to invest right now, do not sell in a panic the moment you see it drop... "hodlers" win when it comes to Bitcoin. As for the alt-coins, most are taking a bit of a beating when pairing with BTC. In the long run, many of the larger crypto projects are sure to do quite well regardless.

Some of you have been asking for more information regarding our plans with madxgames.com. We can only say that a small team is starting development on browser-based games initially which we plan to integrate Madbyte tokens or some other cryptocurrencies in some way. We wish to generate more use cases for MADX, thus eventually increasing its value. If there is anything in particular you would like to see in this regard, why not come chat with us on our Discord server. We hope to have something to view and/or try out by the time we release our next update.

All the best,
Madbyte Team

[madbyte]

Madbyte Update - February 1st, 2020

Welcome to alt-season!

As Bitcoin continues to stay at near all-time-high levels, we are seeing signs of the alt-coin markets building up steam for numerous bull runs. Just a few days after releasing last week's MadCapX Newsletter issue #14, we all watched as DOGE did a crazy pump (and subsequent dump which is still ongoing). This may have caught some newbies to the crypto space buying heavy DOGE bags that they now can't sell without significant loss or waiting until the next surprise pump.

We have also watched as Internet communities have come together to troll the stock market in regard to GameStop and AMC. This disruption is causing major costly headaches for hedge funds but we can see how the system is geared toward helping out the big money institutions while your average joe trader plays by a different set of rules. Crypto markets are still mostly unregulated and some are decentralized, so while you can enjoy the wild west style freedom here, remember that the risks can be huge.

I know that in the last update we said we might have something to show you in terms of the MadXGames site but unfortunately we won't be revealing anything yet. The small team we have working on things is still just in the starting phases and experimenting with ideas. So with that being said, we think it is best to not give timelines as there are too many unknowns at this time.

All the best,
Madbyte Team

[madbyte]

Madbyte Update - March 1st, 2020

Greetings!

Hopefully, you managed to grab some bags of cryptocurrencies that mooned hard last month. Things stabilized a lot since then and it is uncertain whether we're getting back on the rocket near term or not, but all signs point to this bull market not being over yet.

Here at MadCapX, we've been researching the various custodial holding solutions that yield high-interest returns and are planning to integrate the one we like best into the panel. Of course, holding your crypto in your own local wallet or hardware is the preferred secure method, but if you are willing to risk others owning your keys, you can be rewarded quite well. We figured our crypto is not doing anything for us sitting on the Ledger device, so let's test out what options are available. We will report on our findings and conclusions in a future update.

All the best,
Madbyte team

[madbyte]

Madbyte Update - April 1st, 2021

These past few days we have been testing out Waves.Exchange with a newly created Madbyte Waves token. The reason for this is that the transaction fees for using an ERC20 token on the Ethereum network have continued to stay super high. Originally, when Madbyte decided to use ETH for their token, the fees were many times less than $0.05. When we did our ERC20 token drop, we were paying only $0.01 on most transactions.

Today, the average fee paid on the Ethereum network is $24, making it almost unusable for smaller transactions. There is some hope that the fees will come down with technological improvements, but most likely it will be too little and too late.

The Waves token transaction fees are fixed at 0.001 WAVES (or $0.012), with a 0.003 WAVES ($0.036) fee for DEX transactions. In the future, we will also test the Madbyte token on other networks.

If you would like to test out trading some Madbyte using the Waves DEX (Decentralized Exchange), contact one of the Madbyte team members and we can arrange it. We are listed on over 30 pairings but are only testing one of them.

Eventually, you will be able to withdraw from the Madcapx panel selecting either the Ethereum or Waves based version of the Madbyte token.

All the best,
Madbyte Team
https://madbyte.com/