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Masternodes are still alive and kicking: This project is proof

Amongst the DeFi mania, there’s still love for masternodes in 2020 2020 is shaping up to be the “year of DeFi”. Staking, liquidity providing, and bonding curves have all taken center stage as ways to earn money, but the Masternode, one of the earliest incentive mechanisms offered within the cryptocurrency space, has remained a popular source of income and recent events go to prove it. Masternodes propose a solution to increasing costs and technical complications […]

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Amongst the DeFi mania, there’s still love for masternodes in 2020

2020 is shaping up to be the “year of DeFi”. Staking, liquidity providing, and bonding curves have all taken center stage as ways to earn money, but the Masternode, one of the earliest incentive mechanisms offered within the cryptocurrency space, has remained a popular source of income and recent events go to prove it.

Masternodes propose a solution to increasing costs and technical complications often associated with running a full node on a blockchain network. Many will remember Darkcoin (which was later rebranded to Dash) as the very first cryptocurrency to adopt the masternode model back in May 2015.


Gather masternode allocation sells out in five minutes

Gather, a platform that allows web and mobile developers to earn money by contributing processing power announced their first masternode batch allocation program on December 8th, and the response was nothing short of overwhelming. Selling out in five minutes, fifteen slots were originally reserved for the first batch of masternodes, with a total of 4 million GTH tokens staked and locked. And on December 26th,  the second batch was released with 20 full + 2 shared nodes. Total 39 out of the initial 80 masternodes are now ready for mainnet and 15% of the circulation supply (9.75M $GTH) is now locked. Now the eyes are on the following Batch 3, which will be released in the coming days.

Masternodes play a central role within the Gather Cloud, a layer of the Gather network that redistributes processing power to enterprises at lower costs. Providing continuous processing power and storage input as the main fuel for the Gather ecosystem, masternodes earn users rewards that will be paid out every 2 weeks.

Participants will enjoy 50% APY staking till mainnet, and 22.5 % of GTH block rewards will be split between masternodes. A total of 6% of the gross profits coming from Gather Cloud will also be distributed to masternodes in USDT upon the launch of the main net, and earnings will scale as Gather Cloud revenues increase offering masternode holders the opportunity to earn more as the company grows.

Shared masternodes present an opportunity for the Gather community

Masternodes were, for a time, viewed by many as out of reach due to their running costs and high barrier to entry. Until a few years ago, it was almost impossible to operate a node without some serious IT experience, a decent amount of capital, and a very well designed business model.

Lowering barriers to entry, Gather has proposed a solution that enables their community members to benefit from the rewards of hosting a masternode, without incurring the costs associated with running a full node. The team recently announced plans to offer the availability of shared master nodes, and judging by the popularity of the preceding full node allocations, the shared masternode allocation events will sell out just as quickly.

Fixing the internet’s broken business model

Gather’s innovative business model allows publishers to monetize without intrusive ads, whilst also offering developers and businesses alike access to reliable and affordable processing power. As well as offering clients a platform that resides outside of the increasingly expensive and monopolized cloud computing industry, Gather’s masternode allocations now also unlock new revenue opportunities for its customers.

The company has also been steadily expanding upon its ecosystem by partnering with various projects in recent weeks, including the likes of DIA, Chromia, Ferrum Network, and most recently ANKR Network. GTH also listed on popular cryptocurrency exchange Gate.io after a successful voting campaign.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Source: https://bitcoinist.com/masternodes-are-still-alive-and-kicking-this-project-is-proof/?utm_source=rss&utm_medium=rss&utm_campaign=masternodes-are-still-alive-and-kicking-this-project-is-proof

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Profiting from Crypto: Here’s a tool that’s actually useful

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Introduction to Profit Farmers

It’s no hidden secret that Bitcoin has been on a record-breaking bull-run ever since PayPal announced they’d offer their users the ability to use Bitcoin and other altcoins for transactions.

This has led to numerous altcoins rising in value too, riding in the slipstream of Bitcoin’s big rush.

With all these crazy gains being reported, many of us are left wondering;

“How can I best capitalize on crypto’s opportunities without rushing in and making mistakes?”

Well, that’s precisely the question I’ll attempt to answer today.

There’s a crypto trading tool called ProfitFarmers that claims it can help you make more profitable trades without all the stress, staring into charts, and the years of experience otherwise needed.

Their website boasts no commissions or fees on your trades, complete honesty on how their tool functions and a 100% money-back guarantee in the event their tool doesn’t offer you profitable opportunities.

In light of that, you’d be wise to set aside the next 5 short minutes to look into ProfitFarmers with me!

What is ProfitFarmers? 

Put simply, ProfitFarmers is a subscription-based service that produces trading signals, which are complete instructions for trading a given coin pairing from entry to exit.

ProfitFarmers is integrated with Binance through an API, so all your trades and profits actualize within your own account on Binance. This also makes it possible for PF to place trade orders on your behalf, saving you time, hassle and preventing accidental errors!

PF’s integration with Binance means you only need to click on a signal from their dashboard, enter how much you wish to trade with, and let ProfitFarmers’ software handle the rest!

ProfitFarmers will perform your trade from entry to exit based on the information programmed within the trading signal.

This also includes a stop-loss function where ProfitFarmers will place an order to sell your coins if the price takes a turn in the wrong direction. Perfect for anyone looking to make their risk management less of a headache to keep ‘on good terms’ with!

With absolutely no commissions or fees on your trades, ProfitFarmers is one of the few platforms where you can make trades knowing 100% of the profits you make are 100% yours to keep.

Better yet, thanks to their 100% money-back guarantee, you can join ProfitFarmers with the assurance that you WILL be presented with a fair amount of trading signals that offer a profitable opportunity each month.

Tools for more experienced traders: 

Besides from the main features described above, ProfitFarmers entails a host of tools designed for the more experienced and active traders to make use of. These tools are the Price Action Scanner, RSI Scanner, and a manual trading terminal linked directly to the Binance Exchange.

Maximize your profitability with the manual trading terminal by using some basic chart analysis to achieve close-to-perfect entry and exit points on your trades!

Results 

On a bi-weekly and monthly basis, Matthew Tansley (ProfitFarmers founder) creates a video breaking down their trading signal’s performance for everyone to digest.

These breakdowns are particularly beneficial for members, as the videos give valuable insights on what signals, strategies, and coin pairings are trending with the highest profitable performance.

For 6 months their Signal win rate has NOT been below 70%! That’s really impressive…

ProfitFarmers’ signal results & performance breakdowns dating months back are publicly accessible for everyone to go through on their website.

For the month of November, ProfitFarmers produced 256 trading signals, of which 81% hit target 1 (of 4 targets, where the higher the target hit, the higher the % peak gains offered).

Perhaps even more enticing is the fact that 61% of November’s signals hit targets 2,3 or 4, offering even higher money-making opportunities.

Here is the “Average Profit % Per Target” breakdown for the month of November: 

Read more about ProfitFarmers results on their website here

Conclusion: 

Would you like to instantly increase your chances of making more profitable trades today?

If you don’t want to spend years learning and hours stressing & staring into price charts all day, then I’d say ProfitFarmers is your best bet moving forward.

This platform offers tech-savvy answers to some of the biggest questions and pain-points involved with trading crypto. Save yourself the time and hassle by utilizing a tool that has been proven to do a majority of the ‘heavy lifting’ in trading for you.

With trade signals boasting a 78% all-time historical win rate and ProfitFarmers 100% money-back guarantee if that number ever falls below 60%, you can try ProfitFarmers with more peace of mind than any other tool I’ve seen on the market.

To start using ProfitFarmers or learn more about what they do, visit their website here!

Let me know about your experience with ProfitFarmers in the comments below.

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How Top U.S universities are privately increasing their Bitcoin holdings

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How Top U.S universities are privately increasing their Bitcoin holdings

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Over the years, the acquisition of Bitcoin amongst investment companies has become a common practice, but the industry looks to be expanding as universities are now securing their spot in the Bitcoin market. According to Coindesk, sources aware of this activity have disclosed that leading U.S institutions have quietly been increasing their Bitcoin assets over the past year.

These are not just any institutions; In fact, these are some of the universities with the highest endowment funds in the United States. Harvard (over $40 billion), Yale (over $30 billion), and Brown ($4.7 billion) are three out of the eight ivy league colleges in the country that are said to be a part of the list. The highly reputable Michigan University ($12.5 billion) is also said to be following in the footsteps of the Ivies. Apparently, Coinbase has been the middleman facilitating the transactions. It was revealed that these institutions have been buying directly from the Coinbase exchange. 

The spokesperson who asked to be anonymous told Coindesk that there are a sizeable number of institutions currently pouring funds into crypto assets. “There are quite a few. A lot of endowments are allocating a little bit to crypto at the moment.”

But the interest in cryptocurrencies began in 2019 and Coinbase is being speculated to have held the funds for the institutions for as long as 18 months, according to the source, who notes that said institutions are likely cashing in on a decent return on investment and could possibly make their Bitcoin acquisitions public this year. The source is quoted saying;

“It could be since mid-2019. Most have been in at least a year. I would think they will probably discuss it publicly at some point this year. I suspect they would be sitting on some pretty nice chunks of return.”

Another source who is a part of the crypto hedge fund industry asserted that public pension plans are soon to begin allocations in the coming months.

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 “We are seeing defined benefit pension plans getting close to making allocations. We are seeing public pension plans getting close to making allocations,”

Ari Paul, the cofounder of BlockTower Capital chimed in saying; “If I had heard that three years ago, I would have said it was wrong,”.

“But a lot of institutions are now comfortable with Bitcoin. They understand it and can just buy it directly, as long as it’s from a regulated entity like Coinbase, Fidelity or Anchorage.”


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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/how-top-u-s-universities-are-privately-increasing-their-bitcoin-holdings/

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DeFi Trading Platform dYdX Raises $10m in Latest Seed Round

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Venture capital coin is flowing into DeFi like never before as another trading platform hits its target for fundraising. The non-custodial Ethereum-based exchange dYdX has announced that it has raised a $10 million Series B round led by Three Arrows Capital and DeFiance Capital.

New investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. The announcement added that it had continued support from a16z, Polychain Capital, and Kindred Ventures among others.

Millions Pouring into DeFi

dYdX is geared towards more experienced derivatives traders rather than DeFi degens token swapping on Uniswap. Its infrastructure combines non-custodial, on-chain settlement with an off-chain low-latency matching engine with order books to deliver an institutional-grade, liquid, and low slippage trading experience.

Its user base and trade volumes have grown significantly in 2020 as bigger players tend to get more out of DeFi operations than the smaller traders getting stung on gas fees. It added that cumulative trade volume across perpetuals, margin, and spot trading increased 40 times, reaching $2.5 billion in 2020, up from $63 million in 2019.

In terms of users, unique wallets depositing funds into the exchanges’ smart contracts increased by almost five times from 8,000 wallets to 38,588 wallets through December 31. It added that since the start of 2021, the total cumulative trade volume has surpassed $3.5 billion. According to Defipulse.com, the exchange was listed at eighteenth on the TVL list with a near all-time high of $145 million locked.

In February 2021, dYdX will launch Layer 2 solution with StarkWare using zk-Rollups for perpetual contracts.

The announcement added that the funding will be used to decentralize more parts of the stack and hand over more control to users in addition to adding new assets and features to its perpetual contracts. dYdX will also be strategically investing in international growth markets such as Asia, with a focus on China.

The Decentralization Debate

There has also been much debate about whether projects can really call themselves ‘decentralized’ if they’re backed by venture capitalists that will be entitled to a share of any tokens or rewards. In reality, they’re just like corporations with shareholders and the whales will control governance votes and the future direction of the protocol.

Last week, Uniswap founder Hayden Adams responded to a thread started by Synthetix founder Kain Warwick on exactly this subject;

DeFi analyst Chris Blec, who has been highly critical of any form of crypto centralization, aptly commented that VC involvement inevitably leads to decisions that are good for founders and strategic investors, but bad for users.

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Source: https://cryptopotato.com/defi-trading-platform-dydx-raises-10m-in-latest-seed-round/

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