Crypto Great | Bitcoin | DeFi

2021-05-10 13:48:43 ​​DSLA Protocol's (DSLA) (1 Part)

The smart money is also the more conservative money. It comes from retirement accounts, mutual funds, and endowments. It's money that can't be lost. And that's where DSLA Protocol's (DSLA) insurance comes in...

DSLA stands for "decentralized service-level agreements." Service-level agreements ("SLAs") are legally binding contracts that dene the quality of service a company is agreeing to provide to a customer. One of the most common examples of an SLA is between Internet service providers ("ISPs") and their customers. In an SLA, your ISP should spell out in plain language what sort of Internet service you can expect to receive. That may include things like download and upload speeds as well as estimates of the amount of downtime you may experience.

Up until now, most SLAs have happened the old-fashioned way. They've been printed out on sheets of paper and signed by two groups that know each other. DSLA is taking the concept, automating it, and making it possible for complete strangers to work together... even when enormous sums of money are at stake.

DSLA is focusing its SLA solutions on a new world problem: delegated staking. Staking is the process of locking up tokens in exchange for the right to process transactions on a blockchain and collect fees. Those fees can add up to impressive yields, frequently in the double digits. However, it requires setting up a validator, so you need some technical expertise.

Token holders who can't run their own validator can delegate their tokens... in effect, pooling their stake with a larger validator. The validators collect fees, and they share those fees with delegators. But what if you delegate your tokens to a bad validator? Slashing – having tokens taken away for publishing bad data or going ofine, even temporarily – is what keeps validators honest. But it's not just the validator who could have his or her tokens slashed... it's the delegators, too.

So you should never delegate your tokens to a validator if you're not condent that validator is up to the task. But it's not always easy to be condent if there's limited information available for a particular validator or if you're planning to stake a large amount. In short, how can token holders without the technical know-how to set up a validator properly vet a validator with limited information?

One way to protect yourself is to purchase a sort of insurance policy in case a validator misbehaves. That's DSLA Protocol's specialty. In effect, DSLA's SLAs act like an insurance policy for delegators. With an SLA in place, delegators are assured compensation in case anything goes wrong with the validator. It's automated insurance. Open / Comment

2021-05-07 11:14:00 ​​PARSIQ (PRQ) (3 Part)

The Risks of Buying PRQ
There's no guarantee PARSIQ will be able to accomplish its goals, and having paying customers is crucial for long-term success. If PARSIQ fails to gain a sizeable userbase, demand for the tokens may never materialize.

To date, 105 million of a total 500 million possible tokens are circulating in the marketplace. The team hasn't disclosed a public plan for the remaining tokens. That raises some concerns around dilution, but we believe PARSIQ will likely use the tokens as incentives to foster adoption instead of dumping tokens into the market, which would punish early adopters.

PARSIQ also has competition. Its competitors, like Bitquery and the Graph, also give users the ability to act on blockchain-based data, but they take a different approach. They allow you to act on events that happened in the past. PARSIQ allows you to interact with events in real time. Simply put, the competition allows you to pull data and then trigger an action while PARSIQ pushes the data that triggers an action.

It's much too early to rule on whether PARSIQ's method of monitoring addresses and contracts in real time or its competitors' method of querying blockchains like databases will win the overall market. But over the next 12 to 24 months, we expect to see both approaches appeal to different userbases.

How Big Could PARSIQ Get?
PARSIQ is a blockchain-to-everything platform, turning data into actions. Anyone can easily create their own monitoring and automation solutions. You can even build applications that incorporate PARSIQ triggers.

In short, PARSIQ solves the problem of connectivity between the isolated decentralized chains and the centralized databases that most of the world uses on a daily basis.

When you add together data for everything that anyone can use on a daily basis, you see the possible value of triggers. Blockchain oracles like LINK, BAND, and TRB combined have a market cap approaching $14 billion. But they only handle the real-world-to-blockchain half of a transaction.

PARSIQ's trigger technology handles the blockchain-to-real-world half. As the world wakes up to how important triggers are over the next 12 months, PRQ could quickly rocket from its $175 million market cap, as we write, to surpass BAND at $329 million. That's an easy twofold increase.

But PARSIQ is also working on reverse triggers. That means PARSIQ will be able to offer the entire cycle of real-world data moving on-chain and then triggering off-chain events. Successfully launching reverse triggers would put PARSIQ on par with the Graph – a top 60 crypto – and could send PRQ soaring to a $2 billion market cap... an 11-fold increase. Open / Comment

2021-05-06 19:15:33 CryptEx is throwing $350,000 into Staking on May, 10

What is CryptEx?
CryptEx is a B2B set of security services for Binance Smart Chain projects. CryptEx charges customers, and 50% of the fees go to its holders.

How to earn 50% of the fees?
All you have to do is stake $CRX from your wallet, and every time a client pays for CryptEx services, the stakers get 50% out of this payment. All the rewards are paid in $BNB

Ask any question in the official CryptEx telegram chat @cryptexlocker

What about $100,000?
Since February 20, CryptEx provided services to 52 projects, charging them a total of over $100 000. However, staking has been released only on May 2.
After May 10, CryptEx will distribute 50% out of earned income between all CRX stakers. APY SHOULD BE ON FIRE .

Also, CRX Stakers are getting 1 000 000 DROPS (more than $250,000)during the airdrop. The snapshot will be recorded after May 10, at a random time.

Tiсker: $CRX
Max Supply: 100,000 CRX
Current Price: $36.88
FD MCap: $3,687,867
Network: Binance Smart Chain
Where to buy: 1Inch, ApeSwap, PancakeSwap V1

Join the chat: @cryptexlocker Open / Comment

2021-05-05 11:45:00 PARSIQ (PRQ) (2 Part)

PARSIQ has launched a well-designed portal that's easy to use. That's possible because PARSIQ has written its own programming language called ParsiQL that handles complicated operations out of the sight of users.

You can try out the PARSIQ portal yourself here. In minutes, you can create an account and then set up or build a trigger. For example, you could simply set up a trigger to notify you if you receive a crypto deposit in one of your wallets.

And soon, you'll be able to add "reverse triggers." Instead of monitoring blockchain transactions to trigger events in the real world, you'll be able to set up triggers that monitor the real world and then automatically trigger blockchain-based transactions. For example, you might write a simple reverse trigger that says, if my bank savings account balance is more than a certain amount, open my crypto wallet and exchange some Dai (DAI) for Wrapped Bitcoin (WBTC). Once the reverse trigger is activated, it will automatically execute.

PARSIQ boasts having more than 40,000 registered users and a pipeline of partnerships and integrations with some of the biggest players in the space, including crypto analytics platform Bloxy, oracle provider Chainlink, and the trading platform CoinMetro (XCM).

Plus, it's working on even more innovations.

I recently spoke with Tom Tirman, the CEO of PARSIQ, about the project's future. He told me that PARSIQ soon plans on rolling out what it calls "PublicProjects" where you can set up a trigger and then share it publicly. Creators of popular public triggers can even turn them into sources of income.

PARSIQ is also preparing to roll out its IQ Protocol, which will be open-sourced and allow outside organizations to integrate PARSIQ technology into other projects such as DeFi.

The project also plans to target large companies and enterprises to add to its client list this year. Open / Comment

2021-05-03 16:02:50 ​​PARSIQ (PRQ) (1 Part)

Headquartered in crypto-friendly Estonia, has built a technology platform that serves as a bridge between the blockchain and the real world. The platform monitors on-chain activity and automatically triggers actions based on the data. PRQ is an ERC-20 token that powers the platform and all the activity on it.

While PARSIQ bills itself as empowering everything from traditional nancial institutions to decentralized nance (DeFi) projects, it expects to reach much further than that. We can see that by looking at its pricing structure.

First, PARSIQ offers free accounts that anyone in the world can use for triggers as simple as automatically posting to an online chat account when a certain event happens. This should appeal to billions of people who want to communicate up-to-date information online or receive a message when a trigger is activated.

A paid account is suitable for large corporations and enterprise clients who deal with massive numbers of transactions they need to integrate triggers into, such as our airline example. Any interaction or data could trigger any transaction or response... the number of possible triggers is mind-boggling.

There's also an account level between free and paid that PARSIQ calls "Hodlium" – a blend of crypto Internet meme "hodl" and "freemium." To access triggers with a Hodlium account, you're required to hold a certain amount of PRQ tokens. And each trigger you set up, or each address or smart contract you monitor, costs tokens. For example, if a small business wants to notify its customers when their account balances change or an order has been placed without maintaining an expensive and difcult database, it can set up a Hodlium account.

All of PARSIQ's triggers need PRQ to work. But the free and paid accounts don't require individual users to have PRQ of their own. That's because PARSIQ built a system to accommodate converting activity or at payments into PRQ so the customer doesn't have to worry about it.

The most important thing PARSIQ's pricing plans tell us is it has a real product that's already working for customers. Open / Comment

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2021-04-26 11:12:00 Hut 8 Mining (HUTMF)

Hut 8 mining is the largest bitcoin miner in North America, specializing in low-energy-cost mining. As of its latest quarterly filing, the company holds 2,851 bitcoins on its balance sheet, valued at roughly $105 million.

To maximize profits, Hut 8 opened a Bitcoin Yield Account in partnership with Genesis Global Capital earlier this month to earn interest on its bitcoin. Hut 8 made an initial deposit of 1,000 bitcoins, which will generate 4% in interest every year. At today’s prices, this equates to roughly $1.5 million in income and increases as bitcoin’s price climbs.

We’re currently up 913% on Hut 8 Mining due to the surge in bitcoin price over the past couple of months. And we’ll continue to watch its incredible growth. Open / Comment

2021-04-23 12:11:00 ​​Silvergate Capital Corp (SI)

Silvergate Capital is one of the few U.S. banks to provide extensive digital currency services to institutional clients. It released fourth-quarter and year-end results yesterday, highlighting a surge in demand for the bank’s services.

One notable area of growth is its Silvergate Exchange Network (SEN), which we highlighted in our original write-up. It’s a digital payment system that allows its customers to send payments 24/7/365 to one another and are settled instantly.

Some of the biggest names in crypto like Coinbase, BinanceUS, and Gemini use the SEN. Last quarter alone, the SEN completed $91 billion in transfers, 6x the amount from one year prior. This helped grow digital currency income-related fees 127% in 2020.

Looking forward to the year ahead, Silvergate anticipates high demand for its SEN leverage loans. These loans allow its customers to obtain a U.S. dollar loan when they deposit bitcoin as collateral. It’s a great way for customers to cover expenses on a short notice without needing to sell their assets and trigger a taxable event.

We’re currently up 618% on Silvergate Capital. And we’ll continue watching this amazing company as it expands into the crypto sphere, provides services other banks shy away from, and benefits from an overlooked market. Open / Comment

2021-04-21 11:34:00 Firo (FIRO) / Zcoin (XZC)

Firo, formerly known as Zcoin, suffered a 51% attack on Tuesday, January 19.

This is when a bad actor gains control of 51% of the computing power on the blockchain. Once they gain majority control, the hacker sells their tokens on an exchange and then rolls back the transactions as if they never occurred.

Due to Firo’s privacy features, we don't currently know how many coins were affected. If you didn't make a transaction between January 17 and January 19, your coins are safe.

The timing of this is unfortunate, as Firo is just weeks away from deploying Chainlocks. It’s a secondary validation layer that mitigates 51% attacks by using its masternodes to checkpoint every block. Once Chainlock is implemented, you would need to gain 51% of the mining power and 51% control over the masternodes, making these kinds of attacks more difficult to pull off.

These sorts of events are unfortunate, but they do happen with some of the smaller projects. That’s because the cost of obtaining enough computing power is much lower compared to the bigger projects.

This is why we preach caution and rational position sizing... And always holding your coins in a wallet where you control the keys whenever possible. Many tokens in our portfolio are still in the early stages, so we’ll likely see complications along the way. You should never invest more than you can afford to lose.

In the meantime, we recommend holding off on making a transaction with Firo until next week when Chainlocks is deployed to mainnet. We’re moving our position to a “hold” for now. And we’ll provide more information as events unfold. Open / Comment

2021-04-19 14:57:58 Golem (GNT) / (GLM)

Golem is a supercomputer made up of the combined power of users’ machines around the world. It enables users and applications to rent out computing power when needed. Anyone can rent out their computing power, from a single PC to large data centers.

Last month, we updated you on Golem overhauling its architecture to make its marketplace more efficient with the transition to New Golem. This includes migrating GNT tokens to the new GLM tokens on Ethereum.

There’s no end date or deadline for the migration, so you can choose when you want to do this. For those who have yet to convert their GNT tokens to GLM tokens, visit the Golem Token Migration website. Once there, you’ll need to link your MetaMask and follow the instructions.

And if you want to add Golem to your portfolio, you can buy the new token on Binance, Uniswap, or Bittrex. Open / Comment