XVG [ Verge ] From Shitcoin to PornHub’s First Love

XVG [ Verge ] From Shitcoin to PornHub’s First Love

What is Verge ?

Earlier in 2014, named as DogecoinDark renamed to Verge with ticker symbol as XVG in 2016. Mainly focused on anonymous transactions.

Was XVG a ICO of Fork ?

No

How’s the Team?

Although XVG is open-source, Lead developer under a pseudo-name Sunerok is taking Verge to new highs with PornHub starting to accept payments for  subscription for the first time in XVG.

What’s the Mission of XVG ?

As stated in their website, “Our mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge Currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge Currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.”

 

Positive aspects :-

▪️ Low-cost Transaction (0.1 XVG)

▪️ High speed transactions.

▪️ Strong Community.

▪️ Open-Source.

▪️ Anonymous transactions by TOR and I2P.

▪️ Multi-Algo Mining ; Lyra2rev2, Scrypt, X17, blake2s and myr-groestl.

▪️ High liquidity among exchanges.

▪️ Huge list of partners

 

Negative aspects :-

▪️ Privacy coins are bit harder to go mainstream because of unregulated data.

▪️ 100 transaction per second (although team plans to take it at 2000 transactions per second).

▪️ Network successfully attacked by hackers more 3 times.

▪️ Huge supply (~16 Billion ).

Price check :-

▪️ ATL(All time low ) – 1 Satoshi

▪️ ATH (All time high ) – 1992 Satoshi

▪️ Return of Investment in XVG is even better than BTC.

 

Conclusion

Future of XVG looked more brighter when it came up with Mindgeek’s Pornhub partnership. Supportive community and team looking to increase the transaction speed exponentially and getting more adoption is the key to success of the Verge (XVG) and obviously it’s price as well!

What is Binance Coin (BNB)?

What is Binance Coin (BNB)?

From Zero to World’s Biggest Crypto Exchange in Just 6 Months

Editor’s Note: A few months ago, Coin Central published a review of an “up and coming” cryptocurrency exchange called Binance. Since then, Binance has rapidly grown to become the number one cryptocurrency exchange in the world. With such rapid growth, we’ve updated and expanded our original review in this new article…

 

Binance is currently the world’s largest cryptocurrency exchange, with over $6 billion in assets traded in an average 24 hour period. Binance’s rise to the top has been swift. Since its launch six months ago, Binance has grown at a rapid rate. Millions of users per week sign up to use the exchange, including 240,000 members last Wednesday alone. Wednesday’s daily record came after Binance lifted a temporary freeze on new member registrations.

Binance is also the name of a cryptocoin (BNB) traded and used on the Binance exchange. Since the ICO six months ago, the value of BNB has risen with the growth of the exchange. BNB is now among the top 30 cryptocurrencies in the world by market cap.

What about Binance makes it so compelling? Why are so many people signing up to use this new exchange? In this article, we’ll dive into those questions. The answers are surprisingly simple. The simplicity of Binance’s business model has been the key to its success so far, and it bodes well for future success.

How Exchanges Work: Understanding Binance’s Advantage

First, it’s worth understanding the basic mechanics of a currency exchange before we go any further. Solving some technical problems with exchange software is among Binance’s key competitive advantages.

 

Matching

A typical exchange works as a market maker for buy and sell orders. It’s important to note that the exchange itself does not buy and sell your currency when you make an exchange. Instead, the exchange matches you with another user who is willing to buy your asset at the price your asking. This matching of buy/sell orders is the key function of an exchange. When an exchange matches buy/sell orders and completes a trade, it charges a transaction fee to both parties for the service of finding a match. That’s how exchanges make money.

This order matching creates a bottleneck for many cryptocurrency exchanges. If you have more trade requests than your matching software can handle, orders will be delayed. With the popularity of Bitcoin and altcoins right now, users are submitting millions of trade requests per minute on the most popular exchanges. Delayed trades might be the difference between capitalizing on an investment opportunity and missing it.

Binance’s major innovation is their matching engine, capable of 1.4 million trades per second. This makes their trading platform one of the fastest available on the market. As such, many crypto investors have flocked to Binance for its processing speed.

 

Liquidity

The other critical component of an exchange is liquidity. Liquidity is the amount and frequency with which assets move around the exchange. In order to quickly find a match and complete an order at a competitive price, there needs to be a lot of activity on the orderbook. An exchange with a quiet orderbook is not a good place to invest your money. However, Binance has the busiest orderbook in the world, making it a safe, competitive market for transactions.

 

Binance has high liquidity in many different assets, not just Bitcoin and other top coins. In fact, as of writing, TRON is the most-traded asset on Binance in the past 24 hours, with other altcoins in the top ten. This altcoin advantage is a virtuous cycle for Binance, and new coins often choose to list with Binanceover competing exchanges. This includes many coins from Asia that may not be available from Western-based exchanges. The wide array of assets available is another key reason for Binance’s rapid rise.

Using the Binance Exchange

Binance does not support fiat currencies, so you can’t convert dollars, yen, pounds, euros, etc. on the exchange. (The name Binance is actually a combination of “Binary Finance,” suggesting that they only deal in digital assets.)

If you want to use Binance, you’ll need to already own cryptocurrency. Once you do, registration and setup are fairly easy, as is funding your Binance account.

 

User Experience & Interface

Binance has done a great job building an intuitive user interface without sacrificing the charts, graphs, and other information you need to make informed investment decisions. Trading is easy and only requires a few clicks to select the currency pair you’d like to trade and create the order. The user interface is available online, but also as a mobile app for iOS and Android.

Another factor contributing to Binance’s rapid growth is its availability in eight different languages. The exchange supports users that speak English, Chinese, Japanese, Korean, Russian, Spanish, French, and German.

 

Low Fees

The final key to Binance’s success is the competitive trading fees it charges. It’s free to fund your account, and orders are charged a simple 0.1% trading fee. The trading fee means you’ll want to limit how frequently you make trades since you’ll lose 0.1% every time you transact. However, we’ll see in a minute that Binance makes it possible to reduce these transaction fees. If you consider how much Binance makes off its transactions, it’s clearly a profitable business model. With over $6 billion traded in a 24 hour period, even if Binance only receives 0.05% of that daily volume, that’s $3 million in revenue per day.

Binance also charges withdrawal fees for moving assets out of your account into private wallets. The withdrawal fees vary by the coin, but they are flat fees, not percentage-based.

The Binance Coin (BNB)

Along with the launch of the exchange, Binance launched an ICO. BNB is an ERC20 token built on Ethereum. The total supply is limited to 200 million BNB, after which no more coins will be created.

You can use BNB to pay your fees on the Binance exchange. While you can still choose to pay your fees in the cryptocurrency you’re exchanging, Binance offers a rebate as an incentive to pay fees in BNB. In your first year of membership on Binance, fees are discounted 50% when paid in BNB. With every subsequent year of membership, the fee discount decreases. By your fifth year using Binance, there is no longer a fee discount for paying in BNB.

Since the fee rebate decreases every year, the value of the BNB token is also expected to decrease over time. To combat this depreciation, Binance will also destroy BNB tokens over time, reducing the total supply of BNB from 200 million to 100 million. Contracting the money supply in this way should counteract the effects of the decreasing discount. The goal being a stable price for BNB coins over time.

While fee payment is the primary purpose of the BNB token, you can also use it to invest in certain ICOs that participate in Binance’s Launchpad program. Once the ICO is over, these new tokens will automatically list on Binance, creating a seamless marketplace between ICO and exchange.

 

The Future of the BNB Token

Binance is promoting the adoption of the BNB token in the hopes that it will drive customer loyalty. The rebate, of course, is a nice perk for lowering trading fees. But even after the rebate decreases, users are still likely to own leftover BNB that they might as well continue to use. As the dominant cryptocurrency exchange in the world, we can expect Binance’s coin to circulate widely. The more its adoption grows, the more valuable and useful it becomes.

Right now, BNB’s primary value is within the exchange. This makes BNB unique among most new coins since it already has a practical use case. Most investors will get the highest ROI out of cashing in on the BNB rebate. However, in the future, it’s possible the value of BNB could grow as an asset. For the earliest investors, they’ve already seen a large return on BNB. It’ll be interesting to see if investors continue to take the rebate or hold BNB in hopes that it will appreciate.

If Binance sees continued success on its current level, it will certainly implement more features and programs. These new capabilities and add-ons will all likely use the BNB coin. Their ICO Launchpad is one early example of an added feature using the BNB coin. There are likely to be many more.

 

Where to Buy & Store BNB

You can only purchase BNB through the Binance exchange and EtherDelta (although the volume on EtherDelta is so low that you shouldn’t bother). Any coin supported on Binance is available as a trading pair with BNB.

If you’re interested in holding BNB as an investment, you should move it off the exchange into a wallet. As an ERC20 token, your BNB can be stored on MyEtherWallet. For improved security, you can also use a hardware wallet like the Trezor.

 

Binance Background & Team

Binance is a Chinese company, originally started in Shanghai and now based in Hong Kong. It’s founder, Changpeng Zhao, is the former CTO of OKCoin, another prominent Chinese cryptocurrency exchange. Zhao’s company, Beiji Technology, owns and operates Binance.

The Binance exchange only launched six months ago. In August 2017, shortly after launch, Binance announced that Yi He would join the team. Yi He was one of the original co-founders of OKCoin. She’s widely recognized for her ability to grow technology products and gain user adoption. Zhao, He, and the Binance team have grown the company into the biggest exchange in the world over the past six months.

Conclusion

There’s a reason why Binance has seen such massive growth and success over the past six months. It’s fast, reasonably priced, and available worldwide. If you already have an exchange that you use and like (that charges similar fees), then there’s no need to switch to Binance. In particular, if you often need to convert to fiat currency, Binance won’t be useful for you at all. However, if you’re unhappy with your current exchange, need lower fees, or are looking for the fastest processing times available, then a move to Binance could be right for you.

Tron [TRX] Decentralize The Web

Tron [TRX] Decentralize The Web

Tron [TRX] Decentralize The Web …

 

TEAM

Under the leadership of Justin Sun; Bachelor of Arts degree at Peking University and went on to study for a master’s degree in Arts and Political economy at University of Pennsylvania. Founder of Peiwo App of China’s largest audio content community.in late 2013 he joined Ripple, where he served as chief representative and advisor of Greater China Region of Ripple.

ICO Price

0.0019 USD (38 Satoshi approximately during that time) September,2017.

What does Tron(TRX) plan to do ?

TRX is on the mission to make a free and  decentralised web,where only the user controls their data and no censorship on data and making a content ecosystem where user can obtain digital assests(TRX) for spreading contents. There are 6 important milestones of this highly ambitious project. 1. Exodus P2P of distribution and storage of content 2. Odyssey Digital Incentives(TRX) to encourage content creation. 3. Great Voyage Individual ICO Capability. 4. Apollo Content producers can issue their personal tokens on TRX platform same as par of ETH. 5.Star Trek Decentralized Gaming platform. 6. Eternity Fund raising and finance the community growth.

Major Partners :-

– BitTorrent and UTorrent. – Uplive – Peiwo – Baofeng – Game.com – oBike – GIFTO – vSport – PornHub – Bitmain – F2Pool – FBG Capital – GRAVITYLESS – Openledger

Positive Aspects:-

– Strong Team. – Huge and Supportive community. – Huge user base. – One of the Top 10 Crypto.

Negative Aspects:-

– Many Projects involved in the making of sub-projects of Tron.

Price check:-

– ATH [All Time High] – 2047 Satoshi – ATL [ All Time Low] –  16 Satoshi Tron has one of the most active team in the crypto world and seems commited as well. The challenges they have is there are a immense competition in making the web decentralized. Let’s see how it goes in future……….

NPXS (PundiX) blockchain-based point of sale solution

NPXS (PundiX) blockchain-based point of sale solution

Summary

 

NPXS : earlier was PXS which was swapped to 1 PXS to 1000
NPXS (PundiX) Blockchain-Based Point Of Sale Solution
ICO Price was 1 ETH : 500 PXS.

ERC-20 Token.
Under the leadership of Zac Cheah; former W3C Chair of HTML5 Interest Group,alongwith 12 years of experience in tech in browser and mobile gaming market.

 

Vision

We want to make using cryptocurrency as easy as getting bottled water. At Pundi X, we seek to bring cryptocurrency to the next billion users and will help increase the value of cryptocurrency for all.


What does PundiX do ?

 

The team as of now makes their own POS (Point of Sale) device called XPOS and distributes the cards called XPASS Cards, which can only be used with XPOS(their own device) until PundiX secures partnership with any major payment companies or banks to make it usable anywhere except XPOS. Team has plans to integrate VISA/MASTERCARD payments in XPOS Handy and XPOS Desk which are still in development and would only come up if the company partners with any bank or major payment companies which is yet to come!

 

Price of XPOS and XPASS Cards?

PundiX Revenue

PundiX charges 1% fees of the total amount for every transaction in which 65% of the 1% goes to Merchant and the rest 35% of the 1% goes to PundiX.

For Eg. If any XPASS holder buys good worth of 100$. He needs to pay 101$. Out of which 0.65$ goes to Merchant and the rest 0.35$ goes to PundiX.

 

Major Partnerships


M-Bayar of Indonesia.
FAMA GROUP Restaurant, Hong Kong.
Swiss company U-Trust to deploy 1000 XPOS device.
NEM XPOS to come up with 20,000 XPOS machine and 10% fees to be utilised in NPXS token.

 

Price Stats 

  • ATH [All Time High] – 237 Satoshi
  • ATL [All Time Low] – 23 Satoshi

Positive Aspects

 

  • Making Crypto Spendable with cards.
  • Hard Working Team.
  • Huge and Supportive community.
  • NEM and OMG having a significant interest.
  • 100% Revenue Burning.
  • XPOS and XPASS Cards payments to be done in NPXS.

Negative Aspects

 

  • Huge Supply.
  • Airdrops.
  • Competition gets worse if Monaco,TenX etc starts their operation.

PundiX can make some great strides if the Crypto payments sees a boom,but if TenX resumes it’s operation again people would definitely focus on the payments which can be accepted anywhere with VISA. As no customer would be happy to pay 1% as fees with the fees. Still there is a lot more to come and PundiX is gonna be here all the time………….

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