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Blockchain

Gauging the Potential of Jigstack’s STAK Token

Republished by Plato

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New tokens and assets launch daily in the cryptocurrency space. Culling the wheat from the chaff can be difficult, as every new listing is a potential unicorn. Jigstack’s STAK token has potential as it provides passive revenue streams to all token holders.

Exploring The Jigstack Ecosystem

Whenever a new token launches, it is essential to look at the broader ecosystem supporting it. In the case of Jigstack, the team is intent on building a decentralized and autonomous solution for decentralized finance purposes. By empowering users and removing all intermediaries from its growing range of products, Jigstack can build powerful tools that can rival existing centralized infrastructure.

Governed by a Decentralized Autonomous Organization, or DAO, the Jigstack ecosystem spans multiple revenue-generating products. The team wants to tackle inefficiencies in online marketing, organizing token sales, benefiting from proof-of-stake solutions, or even gifting crypto-assets to any email address. There are many opportunities in the broader cryptocurrency world to explore, as the first generation of DeFi-oriented solutions leaves to be desired.

Taking the Ethereum ecosystem as an example, there is a fractured ecosystem competing for liquidity. Rather than being interoperable, the current generation of solutions forces users to make choices. Jigstack wants to provide a bit of everything to cater to the needs of many. All of its products can work on their own or work together to create more versatile solutions.

The Benefits Of STAK

As the native currency of the Jigstack ecosystem, STAK will play an integral role. More specifically, it benefits from all activity taking place through Jigstack’s products. Every transaction via Jigstack will award STAK holders with passive revenue. The network maintains a 1% transaction fee on all activity. Eighty percent of the fee will be distributed to STAK holders directly, with the remainder being used to burn STAK  to reduce the circulating supply.

Additionally, Jigstack’s Lemonade platform will provide an extra benefit to STAK holders. As the native token sale platform of Jigstack – compatible with multiple blockchains, including Ethereum and Hedera Hashgraph – it will award 1% of the tokens being sold to STAK holders. This is on top of the normal 1% transaction fee, creating multiple revenue sources for STAK token holders. Jigstack’s Lemonade is more affordable and accessible than other platforms.

There is a secondary purpose to STAK, as it acts as the governance token. Jigstack is a DAO, ensuring the token holders can steer the many products’ future direction by exerting their governance power through the token. The combination of a cutting-edge voting system with commission and interest streams creates a different ecosystem where everyone is empowered equally.

Lemonade And The STAK IDO

Jigstack’s Lemonade product is the proverbial lemonade stand approach to organizing token sales and fundraising opportunities. Rather than requiring teams to code smart contracts, everything can be set up through a web interface, lowering the entry barriers for users and companies alike. Making it more accessible to organize professional token sales will bring more revenue dividend potential to STAK holders.

Jigstack will host its upcoming STAK Initial Dex Offering (IDO) on the Lemonade platform. Taking this approach illustrates the team’s confidence in their technology. Additionally, it will serve as a good example of how this new token sale platform works. The team aims to provide more transparency to investors, allowing them to interact with the smart contracts to contribute or remain up-to-date about the sale’s current state.

As Lemonade includes essential features – automated whitelisting, token vesting customization, and lower costs – this token sale will serve as a valid test case for the technology. The Lemonade code has recently been audited by CuberUnit, helping the team address some minor aspects of its platform before rolling it out to the public. Transparency and auditability are often hard to come by in DeFi, yet they are integral parts of everything Jigstack will bring to market.

Conclusion

As a versatile service provider, Jigstack can bring significant value to STAK token holders. The prospect of earning passive revenue from all activity taking place under the DAO’s products creates an incentive for investors looking to become a part of the cryptocurrency and DeFi ecosystem.

More importantly, it is rare to see a team develop various tools under a DAO banner to let the community govern everything. Most DeFi projects maintain a degree of centralization, allowing the developers to step in when necessary. Jigstack foregoes this option in favor of empowering the users equally.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/company/gauging-the-potential-of-jigstacks-stak-token/

Blockchain

YouTuber claims he’ll buy 111 Tesla Model 3s… if Elon Musk accepts Bitcoin Cash

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A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on.

Going by the title “1stmil.com,” the Australian YouTuber explained to almost 8,000 followers over three short videos that he believes Tesla would see a boost in sales as a result as there are many Bitcoin Cash supporters who want to spend their cryptocurrency, whereas Bitcoin (BTC) supporters tend to want to hang on to their holdings.

“You will enjoy unbelievable amount of support by people who actually want to spend the Bitcoin Cash, not the people who just want to HODL the BTC.”

In late March the Bitcoin Cash community was dismayed to learn that BCH had not been added as a payment option when Elon Musk confirmed that U.S. customers could buy a Tesla using BTC.

The day following this public rebuff, BCH hit new all-time lows against Bitcoin of 0.089 BTC.

It’s unclear whether this latest BCH offer is just a publicity stunt by the YouTuber who has hosted his channel for three years now. 1stmil’s ability to pay for 111 Telsas is also an open question as the wallet shown in the first video, only holds approximately $141,000 in BCH, or enough to buy just three Teslas. On Reddit, he clarified that he purposefully did not want to reveal his other wallets for security reasons.

In earlier videos he alludes to already owning multiple millions in the crypto, predicting he will make $1 billion when BCH reaches $50,000 by 2025. If true that would mean he holds at least $14.88 million in BCH at current prices.

The cars he plans to purchase, white Tesla Model 3s are currently sold in Australia for approximately $52,000. Not including the volume discount, this would equate to an initial purchase of $5.8 million.

He said he intends to use the Tesla EVs for a new business project, the details of which he cannot reveal yet. However, on Reddit, he explained that the cars will be stripped out and repurposed: “Let’s just say Tesla model 3s are sold in Australia below cost. Their parts are worth more than their sum.”

This isn’t the first time BCH proponents have brought the crypto to Elon Musk’s attention. On March 25, in response to Musk tweeting that “You can now buy a Tesla with Bitcoin,” Kim Dotcom compared BCH and BTC fees saying the former “is serving the mass market, not just the 1%.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/youtuber-claims-he-ll-buy-111-tesla-model-3s-if-elon-musk-accepts-bitcoin-cash

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Blockchain

Kraken Daily Market Report for April 22 2021

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Overview


  • Total spot trading volume at $3.54 billion, 79% above the 30-day average of $1.98 billion.
  • Total futures notional at $1.48 billion.
  • The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Dogecoin, and Ripple.
  • Strong returns from Aragon (+12%), Ethereum Classic (+10%), Uniswap (+10%), and Compound (+9.9%).

April 22, 2021 
 $3.54B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$54522. 
↑1.1% 
$1.21B
ETH 
$2476.2 
↑4.8% 
$1.11B
USDT 
$1.0003 
↑0.01% 
$401.2M
XDG 
$0.2862 
↓6.8% 
$235.0M
XRP 
$1.3312 
↑2.5% 
$183.6M
USDC 
$0.9996 
↓0.04% 
$95.8M
ADA 
$1.2313 
↑2.1% 
$92.2M
LTC 
$267.11 
↑3.1% 
$84.4M
DOT 
$34.868 
↑3.0% 
$75.1M
LINK 
$37.309 
↑2.6% 
$47.6M
BCH 
$929.52 
↑1.8% 
$36.8M
SC 
$0.0418 
↓1.4% 
$35.5M
UNI 
$36.982 
↑10% 
$22.7M
XMR 
$387.81 
↑3.4% 
$18.2M
TRX 
$0.1240 
↑0.8% 
$17.4M
XLM 
$0.4925 
↑0.31% 
$14.0M
XTZ 
$5.3980 
↑1.1% 
$12.4M
EOS 
$6.4691 
↑1.8% 
$11.4M
KSM 
$357.06 
↑1.9% 
$11.0M
ATOM 
$20.203 
↑2.9% 
$10.7M
ETC 
$35.315 
↑10% 
$10.1M
AAVE 
$380.83 
↑8.5% 
$9.66M
FIL 
$149.84 
↑1.3% 
$9.4M
ALGO 
$1.2848 
↑5.7% 
$8.93M
FLOW 
$34.027 
↑0.7% 
$8.67M
MANA 
$1.3504 
↑1.2% 
$8.5M
COMP 
$543.54 
↑9.9% 
$6.93M
NANO 
$8.8141 
↓2.5% 
$6.9M
DASH 
$303.63 
↑2.7% 
$6.65M
DAI 
$1.0005 
↓0.03% 
$6.64M
QTUM 
$15.690 
↓1.0% 
$5.29M
OMG 
$7.7289 
↑0.8% 
$5.01M
YFI 
$47294. 
↑3.9% 
$4.95M
GRT 
$1.5405 
↑0.5% 
$4.91M
CRV 
$2.9549 
↑2.1% 
$4.81M
BAT 
$1.2194 
↑0.9% 
$4.68M
ZEC 
$241.88 
↑1.7% 
$4.49M
OCEAN 
$1.3088 
↓0.27% 
$4.34M
SNX 
$16.376 
↑2.8% 
$3.81M
STORJ 
$1.8451 
↑0.3% 
$3.34M
ICX 
$2.1484 
↑0.03% 
$3.32M
KAVA 
$4.9721 
↓0.2% 
$3.12M
WAVES 
$14.442 
↓0.5% 
$3.05M
ANT 
$9.6897 
↑12% 
$2.75M
KNC 
$2.9932 
↓1.6% 
$2.26M
MLN 
$93.747 
↑1.0% 
$1.84M
LSK 
$5.0834 
↓1.0% 
$1.64M
BAL 
$58.164 
↑5.2% 
$1.62M
GNO 
$183.44 
↑0.5% 
$1.53M
OXT 
$0.6370 
↑1.3% 
$1.4M
PAXG 
$1805.9 
↓0.4% 
$1.4M
KEEP 
$0.5558 
↓0.07% 
$1.32M
EWT 
$15.673 
↑2.6% 
$1.21M
REP 
$40.095 
↓1.3% 
$868K
REPV2 
$36.472 
↓1.2% 
$456K
TBTC 
$56700. 
↓0.8% 
$107K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 22 2021)



Figure 2: Mid-size trading assets: (measured in USD) (April 22 2021)



Figure 3: Smallest trading assets: (measured in USD) (April 22 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 22 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (April 22 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 22 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 22 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/8762/kraken-daily-market-report-for-april-22-2021/

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Blockchain

‘Bitcoin incentivizes renewable energy’ agree Elon Musk and Jack Dorsey

Republished by Plato

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Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production.

The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI, seeks to counter the claim that “the computation required to secure Bitcoin […] is environmentally damaging and ruining the planet,” arguing that Bitcoin mining incentivizes the generation of electricity “from renewable carbon-free sources.”

The paper has received support from top crypto luminaries including Square’s Jack Dorsey, Tesla’s Elon Musk, and Ark Invest’s Cathie Wood.

In an April 22 Twitter thread, Square argues that while solar and wind can produce energy cheaper than fossil fuels, these renewable sources typically produce excessive supply when demand is low and conversely struggle to meet needs of consumers and industry when demand is high.

According to the researchers, the issue of divergent renewable production and demand for electricity could be mitigated by building an ecosystem “where solar/wind, batteries, and Bitcoin mining co-exist to form a green grid that runs almost exclusively on renewable energy.”

“Not only is this doable, it is doable without jeopardizing the sector’s profitability.”

The paper describes the Bitcoin mining sector as “an energy buyer of last resort” that can be situated anywhere in the world.

Despite solar and wind energy costing between roughly half and one-third of fossil fuels per kilowatt-hour, the paper asserts the geographical limitations of renewable power plans typically results in energy supply being “either abundant or non-existent.”

“The end result is significantly more power than society typically needs for a few hours per day and not nearly enough when demand spikes. This challenge also plays out seasonally.”

By combining Bitcoin mining with renewable energy storage, the paper argues the limitations of batteries and energy dissipation can be offset by diverting excessive electricity to mining farms. If miners were able to capture just 20% of wind and solar energy that is delayed on U.S. power grids, BCEI estimates that global mining capacity could triple.

The mobilization of miners as an electricity buyer of last resort would also bolster the profitability of the renewable energy sector, offering producers the opportunity for “arbitrage between electricity prices and Bitcoin prices.”

“In a sense, the unlimited appetite of miners allows them to eat whatever remains of the ‘duck’s belly.’ Given these benefits, we believe it makes logical sense for utility-scale storage developers to augment their current battery offerings with Bitcoin miners.”

The paper also asserts that the costs associated with expanding renewable energy will see accelerated decline.

“The Bitcoin and energy markets are converging and we believe the energy asset owners of today will likely become the miners of tomorrow,” it said.

However, not everyone is convinced by BCEI’s assertions, with popular analyst Mati Greenspan describing the report as “justify[ing] Bitcoin’s massive energy consumption.”

Rather than offer a solution to Bitcoin’s ever-increasing energy consumption, Greenspan describes BCEI’s paper as offering the blueprint for “an energy-intensive feedback loop.”

“The main focus of the paper doesn’t seem to seek out solutions so much as justify Bitcoin’s massive energy consumption and paint a rosy picture of how it might positively impact the clean energy sector,” Greenspan argued.

Earlier this year, researchers at the University of Cambridge estimated that Bitcoin consumes 121.36 terawatt-hours annually — ranking the network among the 30-largest energy users worldwide and above the country of Argentina.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/bitcoin-incentivizes-renewable-energy-agree-elon-musk-and-jack-dorsey

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