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Coinsbit Exchange launches Global Marketplace and burns 10% of CNB tokens

Over the past few months, the team of the Coinsbit cryptocurrency exchange regularly published information about the marketplace for buying goods from world-famous trading platforms, such as Amazon, A

The post Coinsbit Exchange launches Global Marketplace and burns 10% of CNB tokens appeared first on AMBCrypto.

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Over the past few months, the team of the Coinsbit cryptocurrency exchange regularly published information about the marketplace for buying goods from world-famous trading platforms, such as Amazon, Alibaba, eBay, Aliexpress and others with cryptocurrency. More recently, information on the launch of the global Coinsbit Store, scheduled for March 31, 2020, has appeared in the official social channels of the Coinsbit ecosystem.

As the exchange team informed, each Coinsbit user will be able to choose any of the available products on the platform and pay for it from anywhere in the world with stablecoins USDT, USDN, PLC, as well as with the CNB exchange token, which is stored on the user’s exchange balance. A list of cryptocurrencies available for payment for goods will expand as the marketplace develops.

The main objective of the Store is to provide the crypto community with the opportunity to buy goods from world platforms with cryptocurrency, expanding the range of available goods or services by engaging new partners – both international and local. This solution will allow everyone to buy goods, for example, from eBay or Aliexpress in one click, without leaving the exchange, and using cryptocurrencies available on the user’s balance. The crypto community will no longer need to change their crypto assets to fiat funds and withdraw them to bank cards, as well as register on all these trading platforms – everything is available on one platform, and all purchases are made in “one-click”.

This solves many problems and gives new opportunities for the use of cryptocurrency. The Coinsbit cryptocurrency exchange team is always striving to create a unique ecosystem for the crypto community, so that users receive new and convenient tools for work, and also develops new vectors for implementing cryptocurrency as a payment instrument. Coinsbit Store is a vivid example because it is an unprecedented case, such solutions and products have not yet been implemented in the crypto industry.

To develop its Store, the Coinsbit team conducted an IEO, at which developers provided everyone with the opportunity to buy a new CMT token at a price of 0.0000001 BTC. The unique feature of this token consists in the opportunity to receive special discounts from affiliate platforms and getting access to promotional products that will be available only for token holders.

It is noteworthy that a few days after the IEO and the opening of trading on the token, the cost of CMT increased by 280%, which indicates the huge interest of the community in the new universal trading platform. The ability to buy goods in world-class online stores for the cryptocurrency is a truly historic moment for the entire industry, the importance of which cannot be overestimated.

The Coinsbit team also carried out a planned burning of the CNB exchange token for the first quarter of 2020. On March 30, 10% of the existing supply on the market was burned – 150 million tokens (total issue – 1.5 billion CNB). This is the number of tokens received by the exchange as a “disposal” for the services provided by the exchange – trading commissions (users can pay up to 50% of such commissions with CNB tokens), as well as other services and offers from Coinsbit, which can also be paid with CNB tokens.

This is great news not only for the exchange traders but also for the entire crypto community, since the burning of tokens in such quantity (for the first reporting period) has never occurred in the history of exchange tokens. For example: for the first reporting period, the Binance team burned less than 1% of the sold issue of its BNB token. Among other things, this is great news for CNB token holders, as the total issue of the token will become 10% less, which will affect the existing supply and increase the demand for the coin. Due to the rise in the token price, the commissions paid with CNB will become equivalently less. Recall that all users of the exchange received all CNB tokens for free by AirDrop.

The immediate plans of the developers are to conduct another IEO to raise funds for the development of Coinsbit’s OTC platform, which will work on the basis of B2P and will be launched in April this year. The platform team aims to connect 55 fiat currencies by the end of 2020, by attracting one exclusive local partner in each region to work with one fiat pair. All partners will be accredited and will perform all necessary verification procedures for the stable and safe operation of OTC Coinsbit. Users will be able to buy cryptocurrency on the OTC platform and get it on the exchange balance. Also, users will be able to sell cryptocurrency from their balance and receive fiat funds to a bank card in local currency. Transactions will be carried out according to the “escrow” principle, which will provide users with security and guarantee them the receipt of cryptocurrency or fiat money.

The platform team released Coinsbit OTC Token (ticker – OTC) to conduct the IEO. This token can be bought during the IEO at a price of 0.0000001 BTC. A total of 560 million OTC tokens will be issued. The token will enable users to save 15%, 25% or 50% on commissions when buying or selling cryptocurrency on the OTC platform. IEO will be held on April 3, 2020, at 11:00 GMT.

Disclaimer: This a paid post, and should not be treated as news/advice

Source: https://ambcrypto.com/coinsbit-exchange-launches-global-marketplace-and-burns-10-of-cnb-tokens

Blockchain

TRON’s First Cross-Chain Prediction Market Comes Through a Partnership with Prosper

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The popular blockchain project TRON will introduce the DLT-agnostic prediction market Prosper to its ecosystem. TRON users and TRX holders will be able to provide liquidity and enhance the success-rate of the prediction market solution.

TRON Teams Up With Prosper

Justin Sun’s TRON announced its latest partnership in a press release shared with CryptoPotato earlier today. It informed that the two blockchain projects have teamed up to address some of the issues related to decentralized prediction markets.

Such tools have been active for a while, but the statement highlighted the lack of sufficient liquidity as a major hurdle on their way to receive mass adoption. This comes mostly because each prediction market “has traditionally been segregated to a single chain,” and not enough users could provide the necessary liquidity to produce accurate predictions.

Prosper works similarly – the higher the liquidity is, meaning more users are involved, the more “predictions are made, leading to a more accurate and robust prediction outcome based on greater collective insight from the crowd.”

Furthermore, Prosper operates a cross-chain platform, which enables it to aggregate liquidity into its platform regardless of the user’s access point.

With the introduction of TRX, one of the largest digital assets by market cap, TRON and Prosper expect a surge in the liquidity to the underlying pool. Additionally, the integration will enable users to receive access to new applications that could impact their investment strategies and potential earnings.

The statement also touched upon a free insurance pool provided by Prosper. It allows the platform to repay any funds stolen from hacks from an emergency fund that is automatically set aside.

This partnership with TRON is an extension of Prosper’s efforts to collaborate with the biggest players of the DeFi world.” – said Iva Wisher, co-founder of Prosper.

TRON Aims at Ethereum

The announcement further explained that TRON is currently “working to create a competing DeFi ecosystem that rivals its counterparts while allowing for inexpensive transactions, creating a win-win situation for platform users.”

The PR outlined Ethereum’s major role in the space but touched upon its scaling issues, which have caused significant transaction delays and high gas costs.

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Source: https://cryptopotato.com/trons-first-cross-chain-prediction-market-comes-through-a-partnership-with-prosper/

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XRP, Polkadot, Cosmos Price Analysis: 03 March

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At the time of writing, bullish movements were underway across the crypto-market, with the same precipitated by Bitcoin’s foray above the $50,000-mark. Thanks to BTC’s movement and owing to the correlation shared by the market’s alts with the world’s largest cryptocurrency, the likes of Polkadot, XRP, and Cosmos were all rallying. At press time, however, their daily charts were yet to register more than a minor uptick in price trend.

XRP

Source: XRP/USD on TradingView

Once one of the mainstays of the market top-five, XRP, at the time of writing, was ranked 7th on CoinMarketCap’s charts. Thanks to its own topsy-turvy price performance over the last few months and the performances of altcoins such as Polkadot and Cardano, the crypto is no longer among the market’s top-five.

Like the rest of the market, XRP too bore the brunt of corrections after Bitcoin dropped below $50,000. In fact, the altcoin fell by over 25% in a 5-day period.

Over the last three days, however, the cryptocurrency seemed to be gaining some bullish momentum. In fact, on the hourly charts, XRP’s hike was observed to be even more significant. However, at the time of writing, it was still difficult to predict whether the crypto would be able to sustain its movement north.

On the contrary, XRP’s indicators continued to flash bearish signals as while the Parabolic SAR’s dotted markers were well above the price candles, the Awesome Oscillator was still noting negative market momentum.

With the legal status of XRP still up for debate in the United States, it is difficult to ascertain what the future has in store for the altcoin.

Polkadot [DOT]

Source: DOT/USD on TradingView

One of the cryptos to have replaced XRP on the rankings, the last few weeks and months have been great for Polkadot, with the altcoin registering its ATH just a few weeks back. However, like most alts, it too dropped dramatically on the charts after BTC’s depreciation, with the crypto falling by 17%.

Curiously, since then, DOT has been on an impressive uptrend, with the alt up by over 22% in the last 7 days. With the rest of the market pumping at press time, it seemed likely that these gains would be pushed even higher.

While the width of the Bollinger Bands suggested some degree of near-term price volatility, the Relative Strength Index was nearing the overbought zone. Here, it’s worth noting that XRP’s price has corrected itself the last two times the RSI has climbed into the said zone.

The project made headlines recently after a Polkadot-based platform raised $1.6M in funding from venture capitalists.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

ATOM’s price movements shared more similarities with the likes of XRP, than Polkadot, with the altcoin also gaining on the charts only recently. In the last 7 days alone, ATOM has climbed by 12%. However, the said hike did come on the back of a 16% depreciation. While the altcoin’s market was trending upwards at the time of writing, it is worth noting that ATOM’s indicators on the daily timeframe were yet to underline any bullishness.

While the MACD line was under the Signal line, despite the bearish momentum falling on the histogram, the Chaikin Money Flow was heading south. If these indicators reverse course in the near-term, a trend reversal can be expected soon.


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Source: https://ambcrypto.com/xrp-polkadot-cosmos-price-analysis-03-march

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Bitfinex launches Bitfinex Pay for merchants to accept payments in ETH, BTC

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Crypto exchange Bitfinex launched a payment widget dubbed Bitfinex Pay that will aim to provide online merchants with a means of receiving “seamless” digital token payments.

Merchants can integrate the payment technology onto a website facilitating e-payments. Users will have the option to pay with various cryptocurrencies which include Ethereum (ETH), Bitcoin (BTC), Lightning Network BTC (LN-BTC) and Tether (USDt) via Ethereum or Tron. 

Payments made via Bitfinex Pay will be directly deposited into a merchant’s exchange wallet on Bitfinex. The value of payments is capped at $1,000. 

Furthermore, customers will not have to pay any processing fees for using Bitfinex Pay. However, transaction fees incurred on the relevant blockchain will be borne by online merchants and their customers.

In a release shared with AMBCrypto CTO at Bitfinex Paolo Ardoino said: 

Bitfinex Pay enables merchants to be easily equipped to support crypto payments as increasing numbers of consumers become more comfortable with paying for goods and services using digital tokens.

“Eligible” merchants who choose to integrate the widget on their websites will first need to register and verify their Bitfinex account to at least the intermediate level and apply for merchant verification. Merchants can create a sub-account on verification. 


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Source: https://ambcrypto.com/bitfinex-launches-bitfinex-pay-for-merchants-to-accept-payments-in-eth-btc

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