Connect with us

Blockchain

How Paradox Group Is Helping DeFi

Republished by Plato

Published

on

Created in 2018, The Paradox Group is the current number one blockchain advertisement agency in the UK. The purpose of the company is to offer high-quality marketing services, geared towards crypto entrepreneurs and established companies in the crypto and fintech industries. Projects in Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), recent innovations in the crypto sphere, are currently among the top priorities of the Paradox Group.

What is DeFi?

Thanks to smart contract technology, introduced with the release of Ethereum back in 2015, the crypto space flourished with new possibilities and potential applications. Many innovations in financial technology followed, but none can compare with DeFi.

DeFi, also known as decentralized finance, offers the same services as traditional finance. This includes crypto-backed loans, savings through yield farming protocols, or even insurance services. The only difference is that the services are decentralized, meaning there aren’t any banks or financial institutions acting as middlemen. The financial services are provided by decentralized platforms in a transparent and cost-effective manner.

Decentralized exchanges (DEX) are an excellent example for illustrating how DeFi works. Unlike all the major centralized exchanges, which act as intermediaries whenever any crypto asset is bought or sold, in DEX the network is peer-to-peer, meaning that traders buy and sell from each other directly.

Crypto advertisement challenges

Mainstream media occasionally covers crypto, mostly when Bitcoin’s value reaches new all-time highs. But lack of coverage from mainstream media is not the real issue, the problem is that that crypto advertisement is banned from all the major social media platforms Facebook, Twitter, Reddit, Youtube, and mainstream advertising networks like Google Adsense, have all established strict bans on crypto ads.

One of the main reasons for the bans was due to a hectic market that saw many low-quality projects. While the market has since then matured, its past still crippled legitimate crypto projects who now have a harder time receiving the necessary funding to drive the industry forward.

Paradox solves that issue

Paradox’s aim is to bridge this gap in blockchain advertisement, connecting projects in need of marketing with well-established companies in the crypto space. With several successful campaigns in its record, Paradox is the one-stop-shop for DeFi and crypto projects looking to get their name out there

There is a wide range of available services and flexible options. Customers can choose to work directly with Paradox, counting on the expertise and know-how of the team to design tailor-made marketing campaigns, which are sure to offer the best long-term results.

Paradox also has its own marketplace, where it is possible to buy multiple marketing packages and services such as banners, press releases, sponsored articles and reviews, email marketing, and customizable Cost per thousand (CPM) and Cost per click (CPC) options.

Once you choose a product, you can count on advanced tracking software to offer live results. This will be an invaluable tool to allow any tweaks to be made on the spot. There will also be a personal account manager allocated specifically to you to offer support.

Partnerships and client base

These services are provided by many prominent publishers in the crypto space. The list of partnerships is one of the strong points of Paradox and includes major companies such as Cryptocompare, NewsBTC, Bitcoinist, CryptoSlate, CoinGecko, Coinmarketcap, and many others. These publishers are among the biggest in the industry and are responsible for over 100 million monthly impressions.

But if there are still any doubts about Paradox, the quality of its services is perhaps best reflected by its long list of high-profile clients. From DeFi platforms to casinos, exchanges to brokerages, and asset managers, many projects from different fields of Fintech have already used Paradox services. Among its most renowned clients are eToro, Nexo, Bitcasino.io, and Diginex.

Use Paradox to help grow your DeFi projet

The Paradox Group is constantly networking and looking to expand its list of partnerships and clientele. It has a proven track record, having successfully run thousands of advertisement campaigns, and offers some of the best return on investment and Click-through rates (CTR) in the industry. This makes it the company to look for if you want to take your DeFi project to the next level.

The expertise of the Paradox team and capacity to apply traditional marketing strategies to a newer industry such as crypto, coupled with the quality of its publishers, will surely help your product or service reach the right audience. Register and try out the exposure calculator, which will give you an estimate of how many impressions you can get on your investment.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://www.newsbtc.com/news/company/how-paradox-group-is-helping-defi/

Blockchain

Bitcoin Bull Mike Novogratz Predicts Existential Crisis Unless the US Creates a Digital Dollar

Republished by Plato

Published

on

Mike Novogratz, a veteran investor, and a huge Bitcoin supporter noted the U.S. is currently in a good economic position. Still, the nation can face a major competitive disadvantage unless it engineers a digital dollar soon.

The Importance Of An E-Dollar

Novogratz, chief executive of digital merchant bank Galaxy Digital GLXY, underlined the value that a digital dollar could bring to the US. In a Friday interview with MarketWatch, he stated:

”To me it is an existential crisis, we need a digital dollar.”

Furthermore, the investor expressed his view over the current COVID pandemic and the negative impact on the U.S. market and the world, in general. He referred to the trillions of dollars of monetary and fiscal spending done to help eliminate the worst of the economic aftershocks the disease caused:

”If our fiscal and monetary policy starts looking like it’s from a Banana Republic…you are going to run into some Minsky moment where confidence breaks down.”

With his statement, Mike Novogratz referenced Hyman Minsky, who exposed a view in the recent past that a period of distortions in the financial system eventually ends very badly.


ADVERTISEMENT

The existence of a digital dollar sounds even more important after some stock-market investors have been warning about a surge in US inflation in the past weeks.

The Competition With China

During the interview, Novgorotz claimed that while in the U.S., the development of an e-dollar is still under question and researches, China has fired the first salvo on the digital currency front.

The biggest economy in Asia conveys great support to its digital yuan. According to some experts in the field, its new currency is a weapon that the country can use to compete with the U.S. and other developed economies.

As CryptoPotato recently reported, PayPal CEO Peter Thiel said that Bitcoin could be used as a Chinese financial weapon against the U.S.

In the meantime, Novogratz said that there is ”zero evidence of the Chinese government buying Bitcoin” much less weaponizing it, referring to the comments made by Peter Thiel:

”Sometimes he likes to say things that are provocative.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-bull-mike-novogratz-predicts-existential-crisis-unless-the-us-creates-a-digital-dollar/

Continue Reading

Blockchain

Ripple becomes tidal wave, leads weekend pump and notches legal victories

Republished by Plato

Published

on

Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some exchanges. 

Where Bitcoin and Ethereum are up merely 2.7% and 3.4% respectively on the day, XRP climbed to $1.36 before retreating to $1.32, where it sits at the time of publication. The digital currency is now up 111% on a 7 day basis, and a staggering 544% on the year. The recent push has also buoyed XRP back into the top 10 cryptocurrencies by marketcap, behind only BTC, ETH, and BNB at #4.

The rally flies in the face of a lawsuit from the Securities and Exchange Commission, which charges that XRP’s $1.3 billion ICO was an “unregistered securities offering.” The news led multiple exchanges to delist the currency, and XRP lost its place as the 3rd largest currency by marketcap, at time looking as if it would even fall out of the top ten. 

The bad news for XRP didn’t stop with the SEC, either. In March Ripple CEO Brad Garlinghouse announced that the company would be “winding down” its relationship with Moneygram — a once highly-touted partnership that investors often pointed to as proof of the digital currency being on a path towards becoming “the standard” for payments and settlement.

Despite the deluge of negative headlines, it appears all buyers needed was a small ray of hope to jump back in — and they’ve gotten exactly that. Ripple lawyers have notched two victories in their legal battle against the SEC, including winning access to internal SEC discussion history regarding cryptocurrencies, and a court denied the SEC the ability to disclose the financial records of two Ripple execs, including Garlinghouse.

Ripple executives themselves seem heartened by the news, with CTO David Schwartz saying the US isn’t “prepared” to regulate cryptocurrencies (a possible dig at the ongoing legal proceedings).

All in all, it’s just another week for one of the most controversial cryptocurrencies in the space.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/ripple-becomes-tidal-wave-leads-weekend-pump-and-notches-legal-victories

Continue Reading

Blockchain

Why this OlympusDAO’s product could be amongst DeFi most lucrative

Republished by Plato

Published

on

Taking the market by storm, OlympusDAO’s native OHM is up 95.8% this week alone and 31.1% in the past two weeks. At the time of writing, OHM is trading at $812,76 with 7.3% profits in the 24-hour chart.

With a market cap of just $68 million, OlympusDAO might have gone unnoticed by many investors. However, it has a mechanism called Bonds which promises to be one most important and lucrative in the DeFi sector.

According to research firm Messari, this protocol is attempting to create a stable currency backing every OHM with DAI and OHM-DAI. The objective is to maintain a “fundamental check on inflation” and a currency with an undiluted purchasing power.

Unlike Tether and other stablecoins, OHM is not pegged to any other asset. Its stability is achieved via the DAO (Decentralized Autonomous Organization) when it alters variables to obtain more profitability for stakers.

This is done via the sales contract connected to the protocol’s treasury and a liquidity pool (OMH-DAI) on decentralized exchange Sushiswap, as shown below. Messari explains:

When OHM trades above 1 DAI, the protocol mints and sells new OHM. When OHM trades below 1 DAI, the protocol buys back and burns OHM. In each case the protocol makes a profit. Olympus DAO distributes these profits 90% to OHM stakers pro rata and 10% to a DAO.

OlympusDAO OHM
Source: Messari

How OlympusDAO’s bonds operate

The Bonds are a treasury component to get liquidity with it users can trade Stake Liquidity Provider tokens to get OHM directly with the protocol, as an OlympusDAO developer explained.

Once the trade is completed there is a vesting schedule of 5 days. During this time, the user can redeem the tokens but has incentives to get them at a discount. The latter is determined by the number of bonds in the protocol, more bonds are equal to a lower discount.

Via this mechanism, as the developer said, OlympusDAO restrains its own growth, to have become “steadier”.

The liquidity from a bond is locked in the treasury and used to back new $OHM. That liquidity now belongs to the market and, by extension, the token holders. The more liquidity the protocol builds up, the more confident holders can feel.

The users are basically contributing to OlympusDAO by adding liquidity. In retribution, the user gets a reward in OHM at a much cheaper price during a specific period. That way, both the user and the protocol can benefit.

OlympusDAO offers LP a variety of strategies around OHM which they can leverage to obtain a bigger profit than on the spot market. The developer claims:

All of this serves to create a long-term, sustainable bootstrapping mechanism for the protocol, with participants as the main beneficiaries. A good system shouldn’t offer one opportunity to “make it”; it should offer them in perpetuity with diminishing returns. This is how you produce wealth; slowly, through compounding gains.

Ethereum is trading at $2096,58 with a 1.2% profit in the 24-hour chart, after dropping from its ATH at $2,198.

OlympusDAO OHM Ethereum ETHUSD
ETH with small profits in the 24-hour chart. Source: ETHUSD Tradingview

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/why-this-olympusdaos-product-could-be-amongst-defi-most-lucrative/

Continue Reading
Blockchain3 days ago

Decentralized oracle solution Umbrella Network adds Huobi as validator node

Blockchain2 days ago

XRP Price Analysis: 08 April

Blockchain3 days ago

$48B Asset Manager Millennium Management Dabbles With Bitcoin

Blockchain2 days ago

Binance Smart Chain Daily Transactions 200% More Than Ethereum’s

Blockchain3 days ago

America’s Second-Oldest Bank State Street to Enable Crypto Trading on its Platform

Blockchain3 days ago

Polkadot Price Analysis: 08 April

Blockchain3 days ago

Digital yuan campaign planned for contested island in the South China Sea

Blockchain3 days ago

Tesla’s landlord accepts crypto; will Elon Musk pay rent in Bitcoin?

Blockchain2 days ago

Bitcoin exchanges just saw massive Tether stablecoin deposits

Blockchain3 days ago

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

Blockchain3 days ago

Bitcoin Miners Hit Jackpot as Hash Rate Peaks Again

Blockchain3 days ago

Miners are hoarding Bitcoin from record daily earnings

Blockchain3 days ago

Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K

Blockchain3 days ago

Revolutionizing the crypto-market in India with CryptoBiz exchange

Blockchain3 days ago

Phemex Launches OTC Trading, Enables Crypto Purchase with Bank Transfers

Blockchain3 days ago

Man Gets 12 Years in Prison After Trying to Buy Lethal Chemical Weapon With Bitcoin

Blockchain3 days ago

Tendermint acquires B-Harvest, creator of Cosmos-based Gravity DEX

Blockchain4 days ago

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

Blockchain3 days ago

Ontology’s cross chain DeFi lending platform Wing is now live on Ethereum

Blockchain2 days ago

Cardano’s Anti-Counterfeit Solution Sees First Successful Implemetation

Trending