Binance Coin Bitcoin Binance (BNB BTC) Converter ...

The Undiscovered Facts Behind Money Laundering, Cryptocurrency, and Banks

The Undiscovered Facts Behind Money Laundering, Cryptocurrency, and Banks
A week ago, a lot of documents known as the FinCEN documents were delivered, enumerating how the absolute greatest banks on the globe move trillions of dollars in dubious exchanges for suspected psychological militants, kleptocrats, and drug top dogs. Also, the U.S. government has neglected to stop it.
https://preview.redd.it/lme57jyyx1r51.jpg?width=1200&format=pjpg&auto=webp&s=014ead7b7b812b3d6cbaf4a141eeec123589121b
The Financial Crimes Enforcement Network ("FinCEN"), an agency inside the Treasury Department, accused of battling tax evasion, psychological militant financing, and other monetary violations. An assortment of "dubious movement reports" offers a window into budgetary debasement, and how governments can't or reluctant to stop it. Benefits from destructive medication wars, fortunes stole from creating nations, and hard-earned investment funds taken in Ponzi plans, all course through money related establishments, in spite of admonitions from bank workers.
These reports are available to US law enforcement agencies and other nations’ financial intelligence operations. Although FinCEN is aware of the money laundering activities, it lacks the authority to stop it.
Money laundering is more than a financial crime. It is a tool that makes all other crimes possible - from drug trafficking to political crimes. And banks make it all possible. In a detailed expose, BuzzFeedNews named several of the most trusted banks. Current investigations show that even after fines and prosecutions, well-known JPMorgan Chase JPM (+0.9%), HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon BK (+0.8%) are all involved in moving funds for suspected criminals.
The current money related framework generally protects the banks and its heads from the indictment, inasmuch as the bank documents a notification with FinCEN that it might be encouraging crime. The dubious movement alert adequately gives the banks a free pass. Thus, unlawful finances keep on moving through banks into different businesses from oil to amusement to land, further isolating the rich from poor people, while the banks we have developed to trust, make everything conceivable.
As indicated by the United Nations, the assessed measure of cash laundered universally in one year is 2 to 5% of the worldwide GDP, or $800 billion to $2 trillion, with more than thank 90% of illegal tax avoidance going undetected today.
Simultaneously, the cryptocurrency industry has likewise been condemned for being an apparatus for tax evasion, in spite of insights expressing something else. It is assessed that solitary 1.1% of all digital currency exchanges are illegal. During its initial days, Bitcoin was generally connected with the Silk Road, an online dim net commercial center, where clients could buy weapons and unlawful medications namelessly.
Be that as it may, with the developing utilization of the Bitcoin organization, 42 million Bitcoin wallets, and checking, it is getting progressively conceivable to follow exchanges on open blockchains, while private financial exchanges stay covered up on display.
This week, I had a chance to plunk down with Chanpeng Zhao "CZ", the Founder and CEO of Binance, the biggest cryptographic money trade by volume on the planet, to get his interpretation of illegal tax avoidance both in the customary and the computerized fund universes.
Coming up next are a couple of features from our meeting:
Much obliged to you for going along with us today, CZ. As you would see it, for what reason is illegal tax avoidance especially destructive to our economy?
CZ: As monetary administration suppliers, it is our obligation to battle unlawful action. Everybody shares this duty. Yet, regularly once the principles are set up, individuals will attempt to get around the guidelines. What's more, there are individuals who simply need more business, and knowing or unconsciously will encourage these exchanges. We live in an intricate world, where one nation may see a go about as criminal and the other may not. Many individuals have a high contrast see, yet the world is really dim. Not all banks are honest and not all crypto organizations are terrible.
The digital currency industry has experienced harsh criticism for encouraging unlawful exchanges. How would you think conventional money and digital currency businesses analyze in such manner?
CZ: If you are utilizing Bitcoin, it is a straightforward record. When you have a couple of exchanges, you can follow the assets right back to where the coins were mined. So along these lines, blockchain really gives a straightforward record to everybody to dissect. In the event that you piece together a couple of information focuses and do a group examination, it isn't that difficult for a calculation to break down the beginning. Security coins are more earnestly to follow, yet their market top isn't unreasonably high, making bigger exchanges more troublesome. So to be completely forthright, it is a lot simpler to make illegal exchanges utilizing fiat than utilizing crypto.
How might you analyze the volume of illegal exchanges in crypto versus fiat?
CZ: It's likely a thousand times less. Essentially, for any important measure of cash you need to move in the crypto, it is exceptionally difficult to move it namelessly. There are outsider checking devices and information bases that can coordinate a considerable lot of the addresses to known people. The digital currency market top is little to the point, that in the event that you are moving a $100 million dollars, you can't do as such without experiencing an incorporated trade, making it considerably simpler to follow.
The cryptographic money space overall was begun by Satoshi Nakomoto as to some degree a campaign against the defilement of banks. Remarkably, the beginning square of Bitcoin contained a commentary tending to the bailouts of banks in 2008 and 2009 ["The Times 3 January 2009 - Chancellor on edge of second bailout for banks."] Is that ethos still alive in the digital currency space today, the drive to bring down the enormous person?
CZ: I have even more a fair view here. Some in the crypto space are against banks, fiat, and so forth., while others think digital forms of money are utilized by drug masters. Those are two extraordinary perspectives. My view is that digital money offers opportunities - a further extent of opportunity in exchanges, ventures, property, reserve funds, and so on. We are simply offering another choice for clients who esteem that opportunity and control. I'm not against any bank or any single individual. I think crypto offers a higher opportunity of cash, and thusly we need to give more individuals admittance to crypto… If I don't care for the banks, I simply don't utilize them.
Where do you feel the equalization lies between the legislature securing its residents as opposed to encouraging advancement?
CZ: I accept governments ought to be public administrations. They ought to give streets and fire departments...Whenever there is government intercession, it is awful for the economy. At whatever point an administration encourages one gathering, it naturally harms another. The administration influences the parity of the economy giving assistance to a gathering that isn't sufficiently serious to remain alive. So at whatever point an administration rescues huge banks, or any business so far as that is concerned, they just appear as though they are making a difference. I have confidence in a free economy, and I buy into that way of thinking unequivocally.
Much obliged to you for your understanding, CZ.
More information about PrivateX: www.privatex.io
PrivateX is a private wallet for sending, receiving, and storing your Bitcoin and Ethereum.
If you are interested in services, contact us [[email protected]](mailto:[email protected])
#moneylaundering #privatex #buybitcoin24 #binance #huobiglobal #kraken #crypto #bitcoin #consulting24 #buybitcoin #buybitcoinnow #blockchain #startacompanyinestonia #companyinestonia #estonia #cryptoexchanges #privatexcoin
submitted by privatex-wallet to u/privatex-wallet [link] [comments]

From Platform-based Token to the Public Chain, Will CoinEx Embrace a Paradigm Shift?

From Platform-based Token to the Public Chain, Will CoinEx Embrace a Paradigm Shift?
The platform-based tokens shine in 2019, but such prosperity does not cover the disadvantage of their single use. How to find new application scenarios in addition to repurchase and destruction, and transaction fee deduction? The answer given by Binance is to expand the ecosystem of the public chain and develop the platform token into a public-chain token in a broader sense like ETH.
Not long ago, CoinEx announced its plan to launch a public chain. The CET will not just be a token listed on the platform, but also the basic token in the ecosystem of public chains. Unlike the Binance Chain whose partners serve as its nodes, CoinEx Chain chooses nodes according to the votes of ordinary users. Obviously, this is another paradigm shift for the platform-based tokens to expand the application scenarios.
CoinEx Chain is a public chain created by CoinEx’s professional blockchain underlying R&D team for DEX. Different from other DEXs, CoinEx uses three public chains: DEX public chain, Smart public chain and Privacy public chain, three of which parallel each other. They focus on transactions, smart contracts, and privacy respectively, and interoperate through “IBC protocols”.
How to get involved in CoinEx Chain’s ecosystem? A detailed interpretation of the CoinEx DEX’s public-chain node recruitment is provided below.
How to participate in the CET nodes election?
CoinEx’s nodes election rules are simple: Any holder who stakes at least 5 million CET on the chain is qualified, and the first 42 spots in the rankings will automatically be valid validators entitled to the right to generate a block and share proceeds. It should be noted that the process of electing a node is continuous and each block will be ranked.
Responsibilities of validators include preventing double signing and DDos attacks, being online all the time, upgrading nodes and configuration, building the private key storage architecture, and participating in community governance. Besides, there are server hardware requirements for running a node as below:
https://preview.redd.it/qhqk6uliftt31.png?width=1366&format=png&auto=webp&s=02addf13f8d9e619b70ba75e3a6eef2f1313e6f9
After the mainnet is online (expected in early November), the CET withdrawn from CoinEx can be staked on the chain. Once completed, the staking can be canceled at any time, but it takes 21 days for the CET to return to the account.
Private investors holding less than 5 million CET will be entitled to the voting power in the election of validators and receive bonus as rewards.
How are the returns on being a CET validator?
With a study on CoinEx’s node return model, you may find returns on validators mainly come from two parts, respectively, the block reward and transaction fee.
The transaction fee includes the gas fee in the usual sense and the function fee. Relevant gas fees will be charged for any transaction initiated on the chain, and the corresponding function fee will be charged for special operations on the DEX chain. For example, equivalent to a DEX broker, a node will charge users for such operations as order matching, token issuing, trading pairs creating, automated market making with Bancor and address alias setting.
In terms of block rewards, the CoinEx Foundation will provide a total of 315 million CET for five consecutive years. To be specific, it will send out about 105 million CET in the first year and 10 CET for block rewards. Similar to the bitcoin design, block rewards will gradually decrease over time, yet at various levels of frequency. Every year 2 CET will be deducted from the reward for each block.
https://preview.redd.it/tmocf00lftt31.png?width=1566&format=png&auto=webp&s=e68bed2c3513e4665a2101229a0d781ff31f53f5
The basic data of CoinEx is shown in the figure below. According to this condition, the estimated annual income of transaction fee for CoinEx’s validators comes at around 38 million CET, and, if calculated at 50% for the staking rate of the whole network, the annualized rate of return for CoinEx’s validators is 10%.
That is to say, in a case of successful re-election of CoinEx’s validators, the basic token-standard return rate will be around 10% for the first year. This figure will be higher due to the relatively small total stakes in the beginning.
How to calculate the actual income of the year?
Here we’ve summarized a calculation formula where numbers can be quickly inserted for your reference. Suppose the total stakes on a node are a, p% of which is the CET staked by the node itself and q% of which is CET entrusted to be staked by retail traders, the total stakes of the whole network are b, the actual returns distributed by the whole network are c, and the commission ratio of the node is k, then the actual income of the validator for the year is ac(p%+kq%)/b.
For example. Suppose the total stakes at a node are 10 million CET, including 8 million CET staked by the node itself and 2 million CET staked by ordinary CET holders and the commission ratio of the node is 10%. Calculated with the total stakes of the whole network being 1 billion CET and the actual returns distributed being 150 million CET, the actual income of the validator for the year is 1.23 million CET. In such conditions, the annualized rate of return for CET is around 15.3%.
So we can see that the actual income of the CoinEx’s validators can be divided into two parts in terms of asset ownership: incomes from CET staked by the node itself and commissions from CET staked by ordinary holders.
https://preview.redd.it/4ghx0sloftt31.png?width=634&format=png&auto=webp&s=7b8df5a18cc8033c77473017cee7182f1c080c8b
In other words, if a validator can keep the CET public chain in safety, contribute to the development of CoinEx’s ecosystem, and help it gain more attention and favor from ordinary users, it can receive an annualized income that is higher than the basic staking income. Retail users may stake their CET on more professional and responsible nodes, as well as sharing the dividends of the node and the CET public chain.
In the nodes election, the Matthew effect has always been a topic of criticism. So will ordinary token holders drive the centralization of validators according to CoinEx’s rules? The answer is no. Yet just as in the case with all other PoS models, inevitable is moderate centralization, or in other words, the trade-off between decentralization and centralization. That is because, at least mathematically, the annual income from CET staked by retail traders on different validators relies on k, which is the commission ratio of the node, with a and q% of retail traders holding the same amount of CET remaining the same. That is to say, in terms of economic efficiency alone, the income of the retail trader’ votes for different nodes does not depend on the scale, but on the proportion of transaction fee and more implicit reasons such as the security and reliability (or reputation) of a node.
There are many other public chains adopting the “Supernodes” election, and what are the advantages and disadvantages of CoinEx?
There are many public chains adopting such “Supernodes” election mechanism, among which EOS and IOST are best known. So what are the similarities and differences in the nodes election between CoinEx and its counterparts?
From the perspective of the nodes election, IOST needs 2.1 million votes (one vote for one token). According to the price of 0.0044 US dollars when this document is published, it costs at least USD 9,300, a really low threshold. Blocks.io shows that EOS now requires about 290 million votes (30 votes for one token) for the top 21 supernodes. According to EOS REX’s data, if a consortium without a user base wants to get a block-generating right by renting tokens, it will cost around USD 2.55 million a year, approximately RMB 18 million. By contrast, the threshold for a CoinEx Chain’s node is only 5 million CET, a moderate cost of USD 100,000 approximately estimated at USD 0.02.
In terms of hardware, according to the hardware configuration mentioned above, it costs USD 1,000 per year. The estimated operating cost of AWS for t3.xlarge is USD 1,458 per year, and one master with a backup costs only USD 2,916 a year. (The specific data will change slightly in practice.) Take the recommended server for running a node when EOS officially announced its node election. It uses Amazon AWS EC2 host x1.32x Large, with 128-core processor, 2TB memory, 2x1920GB SSD storage space and 25Gb network bandwidth. The operating cost of such a server, with one master and one backup, is: 13.338*24*2 = USD 640 a day. (The bandwidth cost allocated to the day is negligible.) It is thus obvious that CoinEx costs less, avoiding the waste arising from servers such as EOS and thus eliminating the intangible cost.
From the number of nodes, CoinEx Chain has 42 validators, EOS has 21 block-generating nodes per round, and IOST has 63. CoinEx Chain stays in the middle of the decentralization-and-efficiency trade-offs. In addition, the estimated hardware cost of the CET node election is USD 1,000 a year, which is relatively low.
Overall, CoinEx Chain’s nodes election is designed in a reasonable way, which is destined to be a milestone for CoinEx. Once “trade-driven mining” at CoinEx and it has even gone through “repurchase and destruction”. Now it targets the DEX public chain, which is deemed as a paradigm shift that lifts CET out of the pattern of being platform-based tokens. Let’s look forward to its future development.
Follow CoinEx Chain on Social Channels:
Twitter: https://twitter.com/CoinExChain
Facebook: https://www.facebook.com/CoinExChainOfficial/
Telegram: https://t.me/CoinExChainOrg
submitted by CoinExcom to Coinex [link] [comments]

Daily analysis of cryptocurrencies 20191015(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191015(Market index 39 — Fear state)

https://preview.redd.it/362pt9cbyos31.jpg?width=1200&format=pjpg&auto=webp&s=1bd6935d0b9f27bc215a7ceb9a4dd14a6b4c502c

Indian Supreme Court Postpones Crypto Case To November The Supreme Court of India on Oct 15 once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case on Oct 15.
Ripple Battles Crypto FUD: ‘99.9% Of All XRP Trading, We Have Nothing To Do With’ Ripple CEO Brad Garlinghouse says the San Francisco startup has dramatically reduced the amount of XRP it’s selling over-the-counter. Each day, Ripple calculates the total amount of XRP sold across all exchanges based on volume data from CryptoCompare. It then sells 10 basis points of that total volume or 0.10% of its own XRP. “One of the things that we actually agree with is, we try to have a constructive way to engage the market by saying, ‘We’re going to sell OTC and we’re going to sell programmatically at ten basis points of daily market activity’ … Every day Ripple is 10 basis points of the overall XRP volume. If there’s $100 million worth of daily volume before Ripple does anything, Ripple would be $100,000 in sales. 99.9% of all XRP trading, we have nothing to do with,” he stated.
Bank Of England Governor: Libra May Be An Alternative To The UK Payment System Bank of England Governor Mark Carney states that Facebook’s cryptocurrency Libra may be an alternative to the payment system in the UK since the latter is not good enough, Jin10.com reports on Oct 15.
CMCC, UnionPay And Others Announce The Formal Test Of Blockchain Service Network (BSN) China National Information Center, China Mobile Communications Group (CMCC) and China UnionPay jointly announced the formal test of blockchain service network (BSN) designed and built by six institutions in Beijing. BSN is top-level planned by China National Information Center and independently developed and successfully put into practice by China UnionPay and CMCC adopting the relevant blockchain technology and existing network resources and data centers. It is a nation-wide blockchain service infrastructure platform that spans public networks, regions and institutions in China.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th. OTOCASH (OTO): 15 October 2019 Escodex Shutdown “ All OTO HOLDERs who have assets on ESCODEX EXCHANGE to immediately withdraw your assets before October 15th, 2019 4:00 PM” (CRYPTO): 15 October 2019 Hard Fork Summit Hard Fork Summit 2019 by TNW . “Where finance and business meets tech.” Amsterdam, October 15–17. Cardano (ADA): 15 October 2019 NYC Meetup “Next week on October 15th Nathan Kaiser, Chairperson of the Cardano Foundation, will be in attendance to meet community members in NYC FunFair (FUN): 15 October 2019 Marketing AMA “The FunFair Marketing AMA… will be held on Tuesday the 15th of October at 2pm in the Live team chat channel on Discord Ark (ARK): 15 October 2019 ARK Core v2.6 on Devnet “We are very excited to announce #ARK Core v2.6 will be launching on #Devnet, October 15th, 2019! “ DigiByte (DGB): 15 October 2019 BitMart Listing DigiByte (DGB) will be listed on BitMart Exchange on October 15, 2019. The following trading pair will be available: DGB/BTC. ThoreNext (THX): 15 October 2019 Staking Goes Live “Staking live from 15 OCT 2019.”

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.” IoTeX (IOTX): 16 October 2019 Mainet Beta “The next evolution of IoTeX blockchain, secure IoT hardware, and decentralized identity is coming October 16 — mark your calendars.” Selfkey (KEY): 16 October 2019 Corporate Wallet Release “Soon, wallet users will be able to manage corporate profiles and identity attributes.” Cardano (ADA): 16 October 2019 Washington D.C. Meetup “Nathan Kaiser, Chairperson of the Cardano Foundation, will join the community in Washington DC on Oct 16, and talk about the recent

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM. Horizen (ZEN): 17 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward! Aeternity (AE): 20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money. Horizen (ZEN): 21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains. Horizen (ZEN): 21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST).

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
https://preview.redd.it/0hzdpjdfyos31.png?width=504&format=png&auto=webp&s=7c2ab05fcaf1f0990e0d1b48db72bc91dadba3a1

In the past three sessions, there were mostly range moves in bitcoin below the $8,400 resistance against the US Dollar. Earlier, BTC price declined below the $8,200 support area and the 100 hourly simple moving average. A new weekly low was formed near $8,148 and recently the price started a decent upside correction. It broke the $8,200 and $8,300 levels to avoid any further losses.
Moreover, there was a break above the 50% Fib retracement level of the last slide from the $8,471 high to $8,148 swing low. The price even spiked above the $8,400 level and the 100 hourly simple moving average. However the upward move was capped and the bulls failed to gain momentum above $8,400. It seems like the 76.4% Fib retracement level of the last slide from the $8,471 high to $8,148 swing low acted as a strong resistance.
At the moment, the price is trading in a range below the $8,400 resistance area. Additionally, there is a new breakout pattern forming with resistance near $8,400 on the hourly chart of the BTC/USD pair. Above the triangle resistance, bitcoin price could face resistance near the $8,460 level. A successful close above $8,460 and a follow through above the $8,500 resistance might set the pace for a fresh increase in the near term.
On the downside, the triangle support is near the $8,280 level. If there is a downside break, the price could retest the main $8,200 support area. Should there be a daily close below the $8,200 support, the price may perhaps continue to slide towards the $8,000 and $7,800 support levels.
Review previous articles: https://medium.com/@to.liuwen

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Binance, HitBTC, etc., Market Maker Pitch: How To Get Rich Online

As a follow-up to this:
https://hackernoon.com/making-markets-moving-crypto-free-and-open-source-binance-9bcea607e57b
https://github.com/DunnCreativeSS/binanceMarketMaker
https://github.com/DunnCreativeSS/hitBTCMarketMaker
Elevator Pitch
Market making on Deribit and BitMex failed because it counted on the market to remain more or less stagnant on the 0.25$ step. We’re now looking at automating two market making strategies for smaller volume, higher spread pairs.
Market Maker Trader
We buy just above the highest bid and sell just below the lowest ask. We repeat this process, using a fraction of account balance in base pairs, until we see the net profits as price fluctuations cancel each other out in the approaching infinity sense - while we soak up profits from the spread itself in the ‘relative orders’ strategy.
Conversationally, and not coded yet, is the ‘staggered order’ strategy, where you pick a maximum and minimum price for that pair and then stagger orders up and down the order book to buy and sell along set intervals.
Resources: Would need servers close to different exchanges.
Scalability: More coins; more scale
Pros: I’ve had .57 bitcoin volume on my deposit of $18 worth of coins on the ‘relative’ strategy in the last 24 hours, while sustaining about -0.5% growth. There are other exchanges (some with margin) where we can reproduce the bot, like bitfinex/ethfinex who have a market maker rebate paid monthly in their proprietary coin, or liquid who has a market maker rebate on pairs that were previously on qryptos
Add’l pros: on Binance I can effect a 20% or 40% income on fees via my referral link, on HitBTC the affiliate program is on pause but I may eventually be able to effect 75% - although the potential gains from HitBTC affiliate are less as there will eventually be a 0% or rebate on the maker fees
Cons: To prove profitable on Binance or HitBTC, you’d need to eliminate the fees or effect a market maker rebate. On Binance this involves volume as well as holding BNB - while still paying some fees, while on HitBTC that only involves building volume first - effecting 0% maker fees then 0.01% rebate. hitbtc dot com slash fee-tier binance dot come slash en/fee/schedule On HitBTC there’s also a market making program hitbtc dot com slash mm.
To Prove for Viability
Consistent over all types of markets, but identify when it does better
In the long run, price volatility helps the ‘staggered’ strategy more than it does the ‘relative’ strategy
Less volatility but still having volume, there will be gains from the ‘relative’ strategy
The potential loss is 1. Fees 2. Grabbing a coin that immediately dies, inclusive.
If you’re to eliminate fees or effect a fee rebate, this risk goes down
If you automate many pairs you lessen the negative effect of grabbing a coin that dies
Conversationally, a stop loss can be created to further lessen this risk
Sunk costs of dev
None - need to code the ‘staggered’ strategy, which I can do
Scalability given current market liquidity and volume
On exchanges like Binance or HitBTC, with many coinpairs that have significant volume, we can scale indefinitely
The bot currently checks the average volume per base asset, then the spread of a given pair, and enters only into those markets that meet the minimum and maximum volumes and target spread, as well as a minimum order quantity and maximum order quantity (to avoid sh#tcoins)
In base: market pair: volume in base, that looks like this:
{ BTC: { XDNBTC: 69.3393775486, VETBTC: 42.606415325 },
TUSD: { NXTUSD: 67247.7248096, TNTUSD: 53891.073732 },
MUSD: { QTUMUSD: 2545776.043225 },
NUSD: { XDNUSD: 280614.7629689 },
DUSD: { MAIDUSD: 54019.8292817 },
ETH:
{ ICXETH: 589.145211656,
NXTETH: 266.992269315,
REPETH: 616.456689351,
ONTETH: 5359.788369161,
NTKETH: 197.416308344,
KBCETH: 355.311810444,
ROXETH: 311.845628547 },
BUSD: { DGBUSD: 2445.14526651 },
GUSD: { BTGUSD: 141765.29622322 },
UUSD: { QNTUUSD: 29.4731369 },
PUSD: { ETPUSD: 68.5015549, ZAPUSD: 40.1461164 },
YUSD: { DAYUSD: 338.8757426, BERRYUSD: 248.9052084 },
QUSD: { STQUSD: 6039.7474451 },
IUSD: { WIKIUSD: 10575.2656811 },
FUSD: { ELFUSD: 14.04120135 },
URS:
{ ETHEURS: 2486.24206583,
LTCEURS: 1485.789705,
XMREURS: 2807.0239136 },
'0USD': { POA20USD: 20.1087685 },
EOS: { LSKEOS: 39.06901764 },
RWB: { BTCKRWB: 44.82036 } }
Forward Tests
This strategy was first coded about 48 hours ago on Binance. It lost about 0.5% in one day, and had 0.46 BTC in volume.
https://imgur.com/qEyq1ZB
The second iteration was on HitBTC, and as of about 10-12 hours ago has 0.12 BTC in volume (across many smaller orders, instead of the test version on Binance risking everything on one pair).
https://imgur.com/U6p4pX6
It’s lost about 0.23% in that time:
https://imgur.com/xEk6xe4
My calculations, based on losing 0.5% a day on average with entry level fees and based on HitBTC’s 0% maker fee after 1500BTC in 30-day volume, indicate that after a certain amount of time while trading a certain balance we can effect 0% fees, and therein effect profits:
https://imgur.com/HFQjgl0
This is not including the chance we can get market maker benefits or the 0.01%
rebate after 6000 BTC volume.
https://imgur.com/80ifssM
https://imgur.com/o5mpKYc
Conclusion
With enough volume anything is possible.
submitted by BasketballMan23 to CryptoMarkets [link] [comments]

Most talked about and upvoted cryptos and altcoins on reddit, week ending 2018-02-03

What a roller coaster it’s been! Glad January is over.
I wanted to continue sharing something with this community that seems to be helpful, but please keep giving me feedback!
I wrote a program that scrapes reddit posts from cryptocurrency and altcoin, and calculates how much certain cryptocurrencies are mentioned, to help give an early indication of the next potential 10x crypto. Ok fine 10x is highly optimistic, but understanding crowd sentiment has proven to be a good place to start for more research.
Here are some of the numbers for this week (if you prefer to follow along via email, you can do so here).
Note: always do your own research. Not all cryptos with a lot of mentions are being talked about good/positive reasons (e.g. BitConnect). Keep reading for info on getting a list of all recent posts so you can browse the headlines and gauge sentiment.
RECENTLY TRENDING CRYPTOS
Highlights:
  1. Nano (formerly known as Raiblocks) saw a lot more discussion about it this week. Raiblocks rebranded to Nano, and got listed on Binance.
  2. OriginTrail and Blockport were some lower market cap coins that have appeared on the top talked about cryptos list this week.
  3. The community talked less about BitConnect and VeChain last week compared to the week before, as BitConnect being a scam is common knowledge now, and VeChain takes a small breather from its recent flurry of news.
Crypto Name Market Cap 7 Day Price % Chg Post Count Post Count Week Over Week % Change Total Post Score Score Week Over Week % Change
Bitcoin 142.5B -24.30% 130 14.04% 25482 111.61%
Ethereum 86.0B -16.66% 60 27.66% 11996 -33.10%
Ripple 31.8B -32.79% 35 150.00% 3211 37.40%
IOTA 4.7B -29.70% 34 21.43% 5943 3.16%
ICON 1.9B -36.95% 29 81.25% 6587 48.32%
NEO 7.3B -17.66% 28 55.56% 1978 -1.25%
Nano 2.1B -12.53% 26 333.33% 28593 555.95%
Stellar 6.8B -41.69% 25 -26.47% 3956 -55.33%
BitConnect 57.8M -42.25% 18 -41.94% 1116 -93.14%
VeChain 2.2B -35.45% 18 -48.57% 4036 -57.05%
OriginTrail 67.9M -15.54% 11 450.00% 1504 59.66%
Bounty0x 19.4M -51.61% 10 -28.57% 1356 -62.21%
OmiseGO 1.3B -23.22% 10 0.00% 1858 237.82%
Walton 580.9M -39.30% 10 42.86% 1299 3.92%
Cardano 8.9B -44.17% 9 350.00% 787 1384.91%
Monero 3.5B -30.14% 9 80.00% 248 75.89%
Tether 2.2B -0.76% 9 125.00% 2052 3771.70%
COSS 44.2M -30.75% 8 -33.33% 314 -84.87%
Enigma 200.1M -34.02% 8 33.33% 927 3.58%
Request Network 193.3M -33.84% 8 60.00% 2674 -25.20%
Litecoin 6.9B -29.36% 7 -36.36% 301 -41.55%
You can access the Google Sheet with all the stats and links to the scraped reddit posts here
Notes: “Post Count” means the number of posts that had titles that mentioned the specified crypto. “Week Over Week Change” means the change in the specified metric over the last 7 days, compared against the metric over the previous 7 days before last week. “Total Post Score” means the sum of net upvotes (or score) for all posts that mentioned the specified crypto.
STAY UPDATED
If you’d like to follow along via email and get more insights (including ones for low market cap coins) + a better looking report in your inbox, you can do so at my website here. If you sign up for the free mailing list, you’ll get a free sample of the report. I'm always looking to improve and provide more useful and interesting info, so don't be afraid to reach out!
submitted by smbdata_t to altcoin [link] [comments]

Most talked about and upvoted cryptos and altcoins on reddit, week ending 2018-02-03

What a roller coaster it’s been! Glad January is over.
I wanted to continue sharing something with this community that seems to be helpful, but please keep giving me feedback!
I wrote a program that scrapes reddit posts from cryptocurrency and altcoin, and calculates how much certain cryptocurrencies are mentioned, to help give an early indication of the next potential 10x crypto. Ok fine 10x is highly optimistic, but understanding crowd sentiment has proven to be a good place to start for more research.
Here are some of the numbers for this week (if you prefer to follow along via email, you can do so here).
Note: always do your own research. Not all cryptos with a lot of mentions are being talked about good/positive reasons (e.g. BitConnect). Keep reading for info on getting a list of all recent posts so you can browse the headlines and gauge sentiment.
RECENTLY TRENDING CRYPTOS
Highlights:
  1. Nano (formerly known as Raiblocks) saw a lot more discussion about it this week. Raiblocks rebranded to Nano, and got listed on Binance.
  2. OriginTrail and Blockport were some lower market cap coins that have appeared on the top talked about cryptos list this week.
  3. The community talked less about BitConnect and VeChain last week compared to the week before, as BitConnect being a scam is common knowledge now, and VeChain takes a small breather from its recent flurry of news.
Crypto Name Market Cap 7 Day Price % Chg Post Count Post Count Week Over Week % Change Total Post Score Score Week Over Week % Change
Bitcoin 142.5B -24.30% 130 14.04% 25482 111.61%
Ethereum 86.0B -16.66% 60 27.66% 11996 -33.10%
Ripple 31.8B -32.79% 35 150.00% 3211 37.40%
IOTA 4.7B -29.70% 34 21.43% 5943 3.16%
ICON 1.9B -36.95% 29 81.25% 6587 48.32%
NEO 7.3B -17.66% 28 55.56% 1978 -1.25%
Nano 2.1B -12.53% 26 333.33% 28593 555.95%
Stellar 6.8B -41.69% 25 -26.47% 3956 -55.33%
BitConnect 57.8M -42.25% 18 -41.94% 1116 -93.14%
VeChain 2.2B -35.45% 18 -48.57% 4036 -57.05%
OriginTrail 67.9M -15.54% 11 450.00% 1504 59.66%
Bounty0x 19.4M -51.61% 10 -28.57% 1356 -62.21%
OmiseGO 1.3B -23.22% 10 0.00% 1858 237.82%
Walton 580.9M -39.30% 10 42.86% 1299 3.92%
Cardano 8.9B -44.17% 9 350.00% 787 1384.91%
Monero 3.5B -30.14% 9 80.00% 248 75.89%
Tether 2.2B -0.76% 9 125.00% 2052 3771.70%
COSS 44.2M -30.75% 8 -33.33% 314 -84.87%
Enigma 200.1M -34.02% 8 33.33% 927 3.58%
Request Network 193.3M -33.84% 8 60.00% 2674 -25.20%
Litecoin 6.9B -29.36% 7 -36.36% 301 -41.55%
You can access the Google Sheet with all the stats and links to the scraped reddit posts here
Notes: “Post Count” means the number of posts that had titles that mentioned the specified crypto. “Week Over Week Change” means the change in the specified metric over the last 7 days, compared against the metric over the previous 7 days before last week. “Total Post Score” means the sum of net upvotes (or score) for all posts that mentioned the specified crypto.
STAY UPDATED
If you’d like to follow along via email and get more insights (including ones for low market cap coins) + a better looking report in your inbox, you can do so at my website here. If you sign up for the free mailing list, you’ll get a free sample of the report. I'm always looking to improve and provide more useful and interesting info, so don't be afraid to reach out!
submitted by smbdata_t to CryptoCurrency [link] [comments]

Jim Preissler, CEO AMA Session On Telegram, Friday 13 July 2018 - Everything!

For those of you who like to go through everything in their correct order to get context, here is the full AMA from beginning to end. Knock yourself out.

Jim Preissler, [14.07.18 00:01]
Hi everyone
Scarlet ~ trade.io Admin, [14.07.18 00:01]
[In reply to Henry]
The first 1000 will receive email either on 16 or 17, but before exchange actually launch.
Dustin McDaniel, [14.07.18 00:01]
Jim in the house! ??
Crypto Bling, [14.07.18 00:01]
Hi jim
trade.io, [14.07.18 00:01]
Hello Jim!
Scarlet ~ trade.io Admin, [14.07.18 00:01]
[ GIF ]
TSas, [14.07.18 00:01]
Hello Jim
S Aggarwal, [14.07.18 00:02]
Hello jim
Satish, [14.07.18 00:02]
Wassup man!
Jim Preissler, [14.07.18 00:02]
Been busy getting ready for the launch and signing some more partnerships for us
Hiro S, [14.07.18 00:02]
Hi Jim
Jim Preissler, [14.07.18 00:02]
Good morning / afternoon / evening / go to bed to all of you!
Dustin McDaniel, [14.07.18 00:03]
[In reply to Jim Preissler]
[ GIF ]
Le Tai, [14.07.18 00:03]
Hi Jim
Jim Preissler, [14.07.18 00:03]
[In reply to Dustin McDaniel]
yeah, thats exactly how I feel
Ro$€, [14.07.18 00:04]
Nice to hear the new partnerships
S Aggarwal, [14.07.18 00:05]
Hey
S Aggarwal, [14.07.18 00:05]
Jim can u tell me which all coins will be listed intialy??
Jim Preissler, [14.07.18 00:06]
[In reply to S Aggarwal]
Initial will be the basic, big coins, but then will roll out a ton after, especially ERC20
Jim Preissler, [14.07.18 00:06]
Have a bunch of listings and ICO clients that will come out quickly as well
trade.io, [14.07.18 00:06]
Hi Jim, here's a question and a suggestion from Phil(@PhilWall10):
  1. When the calculator will be available for the lp pool?
  2. I would like to see a 1% bonus for the first day that the exchange is Trading ,just for investors that held over 25,000 Tio's something like that would be nice.
Zeep, [14.07.18 00:06]
hi Jim
S Aggarwal, [14.07.18 00:07]
[In reply to Jim Preissler]
I am asking for those 10 basis ones
Jim Preissler, [14.07.18 00:07]
[In reply to S Aggarwal]
is there a particular one that you are driving towards?
S Aggarwal, [14.07.18 00:07]
Eos
S Aggarwal, [14.07.18 00:07]
Xrp
Paul Johnson -trade.io, [14.07.18 00:08]
I can help out here, as the list came up a short time ago:
BTC - Bitcoin
BCH - Bitcoin Cash
ETH- Ethereum
LTC - Litecoin
TIO - TradeToken
USDT - May be available right at launch or at the very least within 2-3 days following launch
TSas, [14.07.18 00:08]
Jim, here's a question: What are the plans with FX Primus?
Jim Preissler, [14.07.18 00:08]
[In reply to S Aggarwal]
Both those require testing, ERC20 will be sooner
S Aggarwal, [14.07.18 00:08]
[In reply to Jim Preissler]
K
Dustin McDaniel, [14.07.18 00:09]
Jim, Can you speak any on the progress with regards to regulations in the various jurisdictions? Which jurisdictions is trade.io currently focusing on, or which is top priority at the moment?
S Aggarwal, [14.07.18 00:09]
Also can u please tell me approx figures u have earned out of ico consultantancy..? Just to have a idea about profit in ico
S Aggarwal, [14.07.18 00:10]
Also what is your status for regulatory licences??
Jim Preissler, [14.07.18 00:10]
[In reply to Dustin McDaniel]
Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well
HODL Droid, [14.07.18 00:10]
[In reply to Dustin McDaniel]
Same question + will TIO be tradeable with other comodities listed under FX Primus ?
Jimmy Choo, [14.07.18 00:10]
Hello, Jim.
My question is : After the exchange has been launched, how is the price movement of TIO in the future?
S Aggarwal, [14.07.18 00:10]
Are u also acuiring one for india??
Ro$€, [14.07.18 00:10]
I want to ask when can we have the new Roadmap?
S Aggarwal, [14.07.18 00:11]
[In reply to S Aggarwal]
@JimPreissler
Scarlet ~ trade.io Admin, [14.07.18 00:11]
Lets hold until Jim clears these questions.
Jim Preissler, [14.07.18 00:12]
[In reply to Jimmy Choo]
you tell me
Ro$€, [14.07.18 00:12]
[In reply to Jim Preissler]
:))
Jim Preissler, [14.07.18 00:12]
[In reply to S Aggarwal]
India is unclear as to regulations right now
Jim Preissler, [14.07.18 00:12]
[In reply to Ro$€]
After exchange and LP launches
Le Tai, [14.07.18 00:13]
When exchange platform support fiat? Thank you
Jim Preissler, [14.07.18 00:13]
[In reply to HODL Droid]
@biggiepaul will get back to you
S Aggarwal, [14.07.18 00:14]
[In reply to S Aggarwal]
@JimPreissler please answer this as well
Jimmy Choo, [14.07.18 00:14]
[In reply to Jim Preissler]
Do you not have any estimation for it?
Jim Preissler, [14.07.18 00:14]
[In reply to Le Tai]
soon, there is no regulatory issue, just want to scale into features
Paul Johnson -trade.io, [14.07.18 00:14]
[In reply to HODL Droid]
Most likely not, as its a crytpo asset so it will be traded against other cryptos.
Ro$€, [14.07.18 00:15]
[In reply to Jim Preissler]
Can you clearer on that? Will we have connect with bank account, convert directly into fiat?
S Aggarwal, [14.07.18 00:15]
@JimPreissler what is the ETA for decentralised exchange??
Hai Nguyen, [14.07.18 00:15]
Hi Jim, could you tell me when LP will full launch? After 30 days of exchange? And the profit of LP will count from the 1st day of exchange launch?
Morbidus, [14.07.18 00:16]
Will Trade.io move to comply with the SEC and other regulatory bodies worldwide as they ask for information on customer protections, etc?
TSas, [14.07.18 00:16]
[In reply to TSas]
Answer pls Jim
Paul Johnson -trade.io, [14.07.18 00:16]
Guys, kindly hold off on the rapid fire q's, pls let Jim answer one at a time
Jim Preissler, [14.07.18 00:16]
[In reply to Hai Nguyen]
profit starts immediately, LP will launch after 30 days
Hai Nguyen, [14.07.18 00:17]
[In reply to Jim Preissler]
Full launch or Beta launch?
Paul Johnson -trade.io, [14.07.18 00:17]
[In reply to Jimmy Choo]
Impossible to know, however, we are actively exploring moving TIO to exclusively to be traded on trade.io exchange and delist from other exchanges, for more control over price manipulation.
Jim Preissler, [14.07.18 00:17]
[In reply to Morbidus]
Already started, meetings already happening. We will do what we can to eliminate insider trading, wash trading, bots, fake volumes, all the bad things that hurt customers and plague other exchnges
Paul Johnson -trade.io, [14.07.18 00:18]
[In reply to S Aggarwal]
There is no ETA at this time, we're fully focused on making sure we have a flawless centralized exchange and execute on the liquidity pool.
Jim Preissler, [14.07.18 00:18]
[In reply to Hai Nguyen]
there is no more beta, full launch is next week
Dustin McDaniel, [14.07.18 00:18]
[In reply to Jim Preissler]
????
Hai Nguyen, [14.07.18 00:19]
[In reply to Jim Preissler]
I mean the about the LP
Morbidus, [14.07.18 00:19]
[In reply to Jim Preissler]
great thanks
Crypto Bling, [14.07.18 00:19]
[In reply to Jim Preissler]
Sweet????
Tommy Vu, [14.07.18 00:19]
[In reply to Jim Preissler]
??????
Jim Preissler, [14.07.18 00:19]
[In reply to Hai Nguyen]
profits start accumulating next week
Ro$€, [14.07.18 00:19]
[In reply to Paul Johnson -trade.io]
Whats solution in the future to avoid sth like Bitforex?
S Aggarwal, [14.07.18 00:19]
@JimPreissler will Tio offer margin trading??
" Not giving away CS, CAS and TIO", [14.07.18 00:19]
When 1 tio
Zeep, [14.07.18 00:19]
how much coin exchange?
Jim Preissler, [14.07.18 00:19]
[In reply to Ro$€]
they picked us up on their own
S Aggarwal, [14.07.18 00:20]
And What about futures and options (F&O)[email protected]
Jim Preissler, [14.07.18 00:20]
[In reply to S Aggarwal]
We will, working with risk mgmt to get it structured
Paul Johnson -trade.io, [14.07.18 00:20]
[In reply to Ro$€]
Impossible to prevent a supposed decentralized exchange from listing TIO
Jim Preissler, [14.07.18 00:20]
[In reply to S Aggarwal]
Talking to some vendors specifically about this as possible partners
Jimmy Choo, [14.07.18 00:20]
[In reply to Paul Johnson -trade.io]
Thank you, Jim.
Hope exchange is a hit. ??
Paul Johnson -trade.io, [14.07.18 00:21]
[In reply to Hai Nguyen]
LP not sooner than 1 month following exchange launch
Paul Johnson -trade.io, [14.07.18 00:21]
[In reply to Jimmy Choo]
It will be unlike anything anyone has seen yet.
Dustin McDaniel, [14.07.18 00:21]
[In reply to Jim Preissler]
Maybe question is about the launch only being for 1000 people. Is LP being targeted launching 30 days after July 17th? or after it is fully available unlimited>
S Aggarwal, [14.07.18 00:21]
@JimPreissler will Tio have algo trading??
Zeep, [14.07.18 00:21]
jim. how much coin exchange?
Jim Preissler, [14.07.18 00:22]
[In reply to Dustin McDaniel]
the limitation to 1000 is not really for technology reasons, its more to allow customer support to get feet under them before we pummel them
Hiro S, [14.07.18 00:22]
Jim, I know this a tough one, but there is a lot of specuative thoughts around what LP will share when it starts, and I saw way too optimistic, in my view. Today, the expectation of nothing will be distributed on the first month and lots will be distributed that will make TIO moon are two events of equal probability, at least for me. Can give us a better directions that any of this outcome is not a 50/50 probability? Or being more direct, how much can we expect from LP daily payouts in the first month? Nothing at all? Something more than current airdrops program? Or much more than current airdrops? thank you.
Jim Preissler, [14.07.18 00:22]
[In reply to S Aggarwal]
talking to a partner on that currently as well
Hai Nguyen, [14.07.18 00:22]
[In reply to Jim Preissler]
I mean which version of LP will launch after 30 days of exchange full launch? Beta version LP or full version LP? I see the new road map on trade.io website, it has beta LP.
Paul Johnson -trade.io, [14.07.18 00:23]
[In reply to Hai Nguyen]
there is only a full version of LP, there is no beta version of LP
Zeep, [14.07.18 00:23]
jim. how much coin list on exchange?
Dustin McDaniel, [14.07.18 00:23]
[In reply to Jim Preissler]
Fantastic
S Aggarwal, [14.07.18 00:23]
@JimPreissler just a confirmation that u have wavied trading fee but we will get other income like spread in lp for 17 july to 17 aug (30 days after launch)??
Crypto Bling, [14.07.18 00:23]
[In reply to Jim Preissler]
Nice????
Jim Preissler, [14.07.18 00:23]
[In reply to Hiro S]
The exchange needs to ramp and generate volume, then the LP will have meaningful distributions
Grimlock, [14.07.18 00:24]
[In reply to Paul Johnson -trade.io]
not sooner or not later?
Hai Nguyen, [14.07.18 00:24]
[In reply to Paul Johnson -trade.io]
??, thank you.
Paul Johnson -trade.io, [14.07.18 00:24]
[In reply to Dustin McDaniel]
Note, that its 1K on Day 1, looking to open up to many thousands, within only a few days following launch
Jim Preissler, [14.07.18 00:24]
[In reply to Zeep]
depends on volume and user base of the coin. send details to [[email protected]](mailto:[email protected])
TSas, [14.07.18 00:24]
Jim, what are the plans with FX Primus?
Paul Johnson -trade.io, [14.07.18 00:25]
[In reply to TSas]
Hey Tsas, i can help with that one.
Jim Preissler, [14.07.18 00:25]
[In reply to S Aggarwal]
correct, only trading fee waived initially
Paul Johnson -trade.io, [14.07.18 00:25]
[In reply to TSas]
The current initiative with FXP, is to accept TIO as a deposit method, then eventually allow TIO to be traded on the platform.
Ro$€, [14.07.18 00:25]
Which users will have profit from LP in the first 2 months? Only the first 1000? Any new formula to calculate
S Aggarwal, [14.07.18 00:26]
[In reply to Jim Preissler]
Thanks for confirmation
Paul Johnson -trade.io, [14.07.18 00:26]
[In reply to Grimlock]
Definitely not sooner, and might be later.
Dustin McDaniel, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
Thank you, now knowing that is is limited release based mainly to help support team, it is a lot clearer.. Gives assurance that team is confident on the technology side
TSas, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
?? thanks
Paul Johnson -trade.io, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
No worries though, as revenue generated will be calculated from Day 1 of the launch
Jim Preissler, [14.07.18 00:27]
Obviously, the success of the LP is directly tied to success of exchange
Grimlock, [14.07.18 00:27]
[In reply to Jim Preissler]
and vice versa i suppose
Jim Preissler, [14.07.18 00:27]
[In reply to Dustin McDaniel]
People harder to scale then tech
Paul Johnson -trade.io, [14.07.18 00:27]
[In reply to Dustin McDaniel]
Correct, there is no level of training that can prepare support/finance, etc. once live users come through the door. This is not our first rodeo with running brokerages, so we understand its a completely different ballgame once the bright lights are on.
S Aggarwal, [14.07.18 00:28]
@JimPreissler will there be something which tells the days profit with its details for transperancy before lp launch?
Dustin McDaniel, [14.07.18 00:28]
[In reply to Paul Johnson -trade.io]
so, revenue generated to this point, through ICO consultancy, etc... is not included in LP? Only what is generated after exchange launch?
S Aggarwal, [14.07.18 00:28]
[In reply to Dustin McDaniel]
They said eariler it will be included
Ro$€, [14.07.18 00:28]
[In reply to Dustin McDaniel]
As i remember, it is included
Jim Preissler, [14.07.18 00:28]
[In reply to S Aggarwal]
There will be a LP distribution amount widget, but not promising that before LP launch
Paul Johnson -trade.io, [14.07.18 00:29]
[In reply to Dustin McDaniel]
I stand corrected, you're correct, ICO consultancy rev's will be included regardless when exchange launches.
Jim Preissler, [14.07.18 00:29]
[In reply to Dustin McDaniel]
its included
Dustin McDaniel, [14.07.18 00:29]
You guys ROCK!!
Crypto Bling, [14.07.18 00:29]
[In reply to Dustin McDaniel]
+1
Grimlock, [14.07.18 00:29]
????????????????????????????
Ro$€, [14.07.18 00:29]
Which users will get it and how?
Tommy Vu, [14.07.18 00:30]
[In reply to Crypto Bling]
??
Jimmy Choo, [14.07.18 00:30]
[In reply to Dustin McDaniel]
+10
Paul Johnson -trade.io, [14.07.18 00:30]
[In reply to Crypto Bling]
[ Photo ]
S Aggarwal, [14.07.18 00:30]
Is there any hardware wallet also as a gift from selfkey partnership??
S Aggarwal, [14.07.18 00:30]
Like airdrop
Jim Preissler, [14.07.18 00:30]
[In reply to S Aggarwal]
? not sure of Q
Ro$€, [14.07.18 00:31]
My question pls Jim
Hai Nguyen, [14.07.18 00:31]
How is about Blossom wallet?
Ro$€, [14.07.18 00:31]
[In reply to Ro$€]
..
S Aggarwal, [14.07.18 00:32]
Can u please tell security measures taken for exchange... As these days many exchanges are being hacked even the so called best exchange i.e. binance , bancor etc
Jim Preissler, [14.07.18 00:32]
[In reply to Hai Nguyen]
That wallet is under development, which makes it easier to participate in ICOs, have KYC, etc.
Dustin McDaniel, [14.07.18 00:32]
[In reply to S Aggarwal]
And on that note....
Are there plans to provide insurance against hacking? If wallets get hacked is it guaranteed that owners will get all their tokens back? One suggestion is that part of the undistributed funds from the LP (due to tiers with percentages less than 100%) can be used to offer such insurance, If unnecessary...if not, could be retained by the company …Security is obviously of the utmost importance especially if trade.io is targeting institutional investors. This insurance would bring extra peace of mind.
Johnson, [14.07.18 00:33]
Jim, what measures will be taken to boost the trading volume of TIO token after launch of exchange. With liquidity pool, I think the volume might be very low as it is today
DeviLpaL ~ trade.io Moderator, [14.07.18 00:33]
Hold on guys. Let jim answer Q one by one
Hiro S, [14.07.18 00:33]
There was some thoughts that running costs would eat up the revenues that was already generated from consultancy arm that would left very few to be distributed. COuld you tell us this is not the case? And in general, costs to be subracted from LP is only direct costs that affects it, could you confirm that as well? thank you.
Jim Preissler, [14.07.18 00:33]
[In reply to S Aggarwal]
We have inhouse, outside team, cloudflare, fireeye, etc.
S Aggarwal, [14.07.18 00:34]
[In reply to Dustin McDaniel]
I think the undistributed profit (as for those having less than 100%) will add to profit of next day
Grimlock, [14.07.18 00:34]
[In reply to Jim Preissler]
the important question is still: in case of any hacking, are we guaranteed our tokens back?
Paul Johnson -trade.io, [14.07.18 00:34]
[In reply to Jim Preissler]
To elaborate, virtually all client assets are kept in cold storage as well.
Jim Preissler, [14.07.18 00:34]
[In reply to Dustin McDaniel]
We are lookng for ans on that, so I like the suggestion. Nothing definative yet
Dustin McDaniel, [14.07.18 00:35]
[In reply to S Aggarwal]
I believe any undistributed for the day would be retained daily
Ro$€, [14.07.18 00:35]
[In reply to Grimlock]
Agree, noone can say i am unhackable
Dustin McDaniel, [14.07.18 00:36]
[In reply to Jim Preissler]
Thank you
Paul Johnson -trade.io, [14.07.18 00:36]
[In reply to Ro$€]
There is no company in the universe that is "unhackable"
DeviLpaL ~ trade.io Moderator, [14.07.18 00:36]
Ro$€:
Which users will have profit from LP in the first 2 months? Only the first 1000? Any new formula to calculate
Jim Preissler, [14.07.18 00:36]
[In reply to Johnson]
if you look at the token economics of TIO, it is deisgned to be more like a berkshire hathaway than a high volume penny stock. The goal is to drive value, not volume. The more value we create, and with low float, this will be good for price
S Aggarwal, [14.07.18 00:37]
[In reply to Dustin McDaniel]
At the end what to do with it ...it will keep on accumulating .... Better to distribute
Jim Preissler, [14.07.18 00:37]
[In reply to Paul Johnson -trade.io]
We are not skimping in any areas or security, it is a high priority
S Aggarwal, [14.07.18 00:38]
[In reply to S Aggarwal]
I think jim should clarify on this
Ray Zhang, [14.07.18 00:38]
Any news about the license?
Ro$€, [14.07.18 00:38]
[In reply to Grimlock]
I would like to ask what the solution if that ever happens. For sure, i dont want it :) but i want to know
S Aggarwal, [14.07.18 00:38]
Do we have any security feature like bnt had to freeze [email protected]
Jim Preissler, [14.07.18 00:39]
[In reply to S Aggarwal]
what was the orig Q again :)
Hiro S, [14.07.18 00:39]
[In reply to Jim Preissler]
I definitely like that. ;)
S Aggarwal, [14.07.18 00:40]
[In reply to Jim Preissler]
The question is that... What will happen to the undistributed profit due to people having less than 100% profit share in lp??
S Aggarwal, [14.07.18 00:40]
[In reply to S Aggarwal]
@Guitarplyr
Dustin McDaniel, [14.07.18 00:40]
[In reply to Jim Preissler]
concerning undistributed LP profits, they do not roll over, correct? Retained daily by the company?
Soroush, [14.07.18 00:41]
Talking about licenses, Jim, can you tell us which one is your top priority? US, Swiss, FX?
Hiro S, [14.07.18 00:41]
[In reply to Jim Preissler]
I simpatize with this “insurance” would be also a nice promo tool on top of all top security measures and if security play its roles it will be an asset that company will have anyway.
Jim Preissler, [14.07.18 00:41]
[In reply to Ro$€]
We will xplore insurance and other things, but same ans for all of crypto, there is nothing like FDIC yet
Dustin McDaniel, [14.07.18 00:41]
[In reply to Dustin McDaniel]
Or put into seperate fund, to provide insurance, buy back and burn programs, etc... :)
Jim Preissler, [14.07.18 00:42]
[In reply to S Aggarwal]
cover down days is the main use
Jim Preissler, [14.07.18 00:42]
[In reply to Dustin McDaniel]
those can all be considered
Jim Preissler, [14.07.18 00:43]
[In reply to Soroush]
scroll up a bit
S Aggarwal, [14.07.18 00:43]
[In reply to Dustin McDaniel]
This will be nice i think first to set aside 10%profit for buy and burn Tio and to distribute 50-50 (i.e. 45% of total ) to mgt and lp
S Aggarwal, [14.07.18 00:43]
@JimPreissler
Dustin McDaniel, [14.07.18 00:43]
[In reply to Jim Preissler]
Its why I love this company, project, and vision so much
Ro$€, [14.07.18 00:43]
[In reply to Soroush]
U r bit late buddy
Hiro S, [14.07.18 00:45]
[In reply to Hiro S]
@JimPreissler can u comment on this pls. I think if LP is able to share good profits on first days that would be good marketing and this may possible because of accumulated revenues.
samy101, [14.07.18 00:45]
This is promising and time to buy more Tio’s.
Jim Preissler, [14.07.18 00:45]
[In reply to S Aggarwal]
too early to be planning or discussing buybacks at this point, most don't fully understand the long term ramifications of this anyway. Most crypto doing this haven't thought it all the way through, but that is discussion for another day
Den, [14.07.18 00:46]
Hello guys, hi Jim! Got a question about negative days for LP. I don't really understand how it can be, exchange should stop trading and other revenue streams should be off for that day?
Oliver, [14.07.18 00:46]
Are you guys familiar with Ian Balina? He was hinting to an exchange partnership in his last video. The company will sponsor his world tour and meetup. It is not binance so I was hoping it could be TIO haha
Oliver, [14.07.18 00:46]
*that's for Jim or BD
Johnson, [14.07.18 00:46]
Jim, regarding trading TIO on competitors exchange. Are there plan to get TIO de-listed from other centralized exchange? This is necessary to avoid price manipulation. Also, is it possible that these exchange refuse to de-list TIO when you request?
Ro$€, [14.07.18 00:47]
[In reply to Johnson]
Thats answered, up buddy
Jim Preissler, [14.07.18 00:47]
[In reply to Den]
There is risk making markets and providing liquidity
Jim Preissler, [14.07.18 00:48]
[In reply to Johnson]
They could refuse
S Aggarwal, [14.07.18 00:48]
[In reply to Oliver]
+1
S Aggarwal, [14.07.18 00:49]
@JimPreissler is that exchange he is saying TIO
Hugo Cruz, [14.07.18 00:49]
What r the rewards for someone the buys TIO now before launch of exchange?
S Aggarwal, [14.07.18 00:49]
[In reply to Hugo Cruz]
Capital gains
Scarlet ~ trade.io Admin, [14.07.18 00:49]
[In reply to Hugo Cruz]
Capital appreciation.
S Aggarwal, [14.07.18 00:49]
[In reply to Scarlet ~ trade.io Admin]
U are late
S Aggarwal, [14.07.18 00:49]
Haha
Scarlet ~ trade.io Admin, [14.07.18 00:50]
I know..
Hugo Cruz, [14.07.18 00:50]
[In reply to S Aggarwal]
Thats wut they said when bitcoin was 20k.
Ro$€, [14.07.18 00:50]
[In reply to DeviLpaL ~ trade.io Moderator]
One more time Jim :) Q still
Scarlet ~ trade.io Admin, [14.07.18 00:51]
[In reply to Hugo Cruz]
30 cents vs 20k, c'mon man.
Jim Preissler, [14.07.18 00:51]
[In reply to Oliver]
I am going to find that Bitconnect guy! BITTTCOONNNEECTTT!
S Aggarwal, [14.07.18 00:51]
[In reply to Johnson]
@JimPreissler please answer this
Oliver, [14.07.18 00:51]
[In reply to Jim Preissler]
hahahaha
Jim Preissler, [14.07.18 00:51]
[In reply to Ro$€]
We are only limiting to 1000 until customer service, and any other issues are under control
Leo Elias, [14.07.18 00:52]
[In reply to Jim Preissler]
[ ?? Sticker ]
Dmitry K, [14.07.18 00:52]
[In reply to Jim Preissler]
[ GIF ]
Dustin McDaniel, [14.07.18 00:52]
Are MEW or other wallets going to be integrated in such a way as to make it possible to be able to participate in the LP without having them on the exchange? If this is actually possible that is. Will Private Keys be made available to the holders of the wallets in trade.io?
Dustin McDaniel, [14.07.18 00:52]
[In reply to Jim Preissler]
??????
Oliver, [14.07.18 00:52]
[ GIF ]
Jim Preissler, [14.07.18 00:53]
[In reply to Johnson]
yes, we will try to pull down elsewhere. no guarantees they will do it though
S Aggarwal, [14.07.18 00:53]
[In reply to Dustin McDaniel]
It will make no sense for company. To share profit withour using assets
Ro$€, [14.07.18 00:53]
[In reply to Jim Preissler]
That was cleared up, but how to distribute the LP profits from Ico, which custumers? Or we need the formular till LP launched?
Dustin McDaniel, [14.07.18 00:54]
[In reply to S Aggarwal]
Asking mainly for other community members who are looking for answers from managment
S Aggarwal, [14.07.18 00:54]
[In reply to Dustin McDaniel]
Np
Jim Preissler, [14.07.18 00:55]
[In reply to Dustin McDaniel]
yeah, also not sure on security on that as well. May be part of hybrid DEX solution
Jim Preissler, [14.07.18 00:56]
[In reply to S Aggarwal]
And transaction fees would be high, since every transaction would be recorded on BC, cant really use ledger. Not ideal overall
Dustin McDaniel, [14.07.18 00:56]
Couple more questions from community members...
Are there any updates on the Angel Investors Program?
What roles do Kosmos, Plutus VC and Blockway Capital play in the Angels Investors Program?
Dustin McDaniel, [14.07.18 00:56]
[In reply to Jim Preissler]
Thank you for those answers
Jim Preissler, [14.07.18 00:57]
[In reply to Dustin McDaniel]
We are sending them deals to look at where they know we already did KYC, took a first pass, etc. They are also bring us deals to look at as well
Jim Preissler, [14.07.18 00:58]
couple more minutes, then going to lunch!
S Aggarwal, [14.07.18 00:58]
Will Tio place there own buy and sell orders toaintain liquidity??
Grimlock, [14.07.18 00:58]
[In reply to Jim Preissler]
one last question from me,
Grimlock, [14.07.18 00:58]
are you confident that we are all going to the moon?
Grimlock, [14.07.18 00:59]
??
Dustin McDaniel, [14.07.18 00:59]
[In reply to Grimlock]
??????
Satish, [14.07.18 00:59]
????????
S Aggarwal, [14.07.18 00:59]
[In reply to S Aggarwal]
@JimPreissler
Jim Preissler, [14.07.18 00:59]
[In reply to Grimlock]
how much trading are you going to do :)
Hiro S, [14.07.18 01:00]
[In reply to Hiro S]
@JimPreissler can comment on that pls, thank you.
Soroush, [14.07.18 01:00]
Jim, will we have any kind of voting system for new coin listings?
Can you tell us anything about your plans on how new listings will be done? Would TIO owners have any privileges over others?
Jim Preissler, [14.07.18 01:00]
[In reply to S Aggarwal]
We will keep risk low initially, but over time us and outside (insitutional) providers will be doing this
Grimlock, [14.07.18 01:00]
[In reply to Jim Preissler]
am just going to hold. buckle up and sit tight. is that alright with you?
S Aggarwal, [14.07.18 01:00]
[In reply to Jim Preissler]
Very less ... As i am all in in TIO and now dont have any penny to trade
Jim Preissler, [14.07.18 01:01]
[In reply to Hiro S]
You mean operations??? No that is covered from our 50%
Dustin McDaniel, [14.07.18 01:01]
Any fear that the initial 1000 will be doing no trading since they are loyal TIO holders, and all-in already? ??????
S Aggarwal, [14.07.18 01:02]
[In reply to Dustin McDaniel]
Yes????
S Aggarwal, [14.07.18 01:02]
[In reply to S Aggarwal]
.
Hiro S, [14.07.18 01:02]
[In reply to Jim Preissler]
ok, it is clearer now. thank you.
Jim Preissler, [14.07.18 01:02]
[In reply to Dustin McDaniel]
then we add more
Leo Elias, [14.07.18 01:03]
Uscitizen when ?
Jim Preissler, [14.07.18 01:03]
[In reply to Hiro S]
An "expenese" would be an affiliate commission or something like that, not operations
Jim Preissler, [14.07.18 01:04]
[In reply to Soroush]
we are not looking to limit coins by any means, just need a controlled process to roll them out
Hiro S, [14.07.18 01:04]
[In reply to Jim Preissler]
understand even better now. :)
S Aggarwal, [14.07.18 01:04]
[In reply to Jim Preissler]
Good... So approx how many coins before lp launch??
Jim Preissler, [14.07.18 01:04]
[In reply to Leo Elias]
hopefully soon, been talking to FINRA and SEC
Jim Preissler, [14.07.18 01:05]
[In reply to S Aggarwal]
We will get to EOS and XRP pretty soon :)
S Aggarwal, [14.07.18 01:05]
Haha
S Aggarwal, [14.07.18 01:06]
[In reply to Jim Preissler]
I want others too as have economic interest via lp
Jali, [14.07.18 01:06]
[Forwarded from .]
Ok Tnx
Got it
Leo Elias, [14.07.18 01:06]
[In reply to Jim Preissler]
[ ?? Sticker ]
Dustin McDaniel, [14.07.18 01:06]
[In reply to Jim Preissler]
????
Johnson, [14.07.18 01:07]
I Missed response on licenses, can someone please repost?
S Aggarwal, [14.07.18 01:07]
[In reply to S Aggarwal]
@JimPreissler any estimate
Ro$€, [14.07.18 01:08]
Any plan that we can store Tio in hardware wallet like Ledge Nano?
Jim Preissler, [14.07.18 01:08]
[In reply to S Aggarwal]
ERC20 - we are looking at rolling out maybe 200 as soon as possible, but priority is on listing clients and ICO clients
Dustin McDaniel, [14.07.18 01:08]
[In reply to Johnson]
Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well
S Aggarwal, [14.07.18 01:08]
[In reply to Jim Preissler]
K
Jim Preissler, [14.07.18 01:08]
[In reply to S Aggarwal]
And for you, EOS and XRP
S Aggarwal, [14.07.18 01:09]
[In reply to Jim Preissler]
Thanks
trade.io, [14.07.18 01:09]
[In reply to Johnson]
I'll PM you
Soroush, [14.07.18 01:09]
[In reply to Jim Preissler]
Consider Tezos too plz, right now they only have two low-key exchanges available with high fees
Jim Preissler, [14.07.18 01:09]
[In reply to Soroush]
sure
Jim Preissler, [14.07.18 01:09]
Maybe they can pay us to list them :)
Jack, [14.07.18 01:10]
hi Jim, which kind of wallet we are using after exchange go live?
Jim Preissler, [14.07.18 01:10]
OK, I have a hot lunch date with my 5 year old. I will be back on here in a bit. Thanks everyone!!!
Jack, [14.07.18 01:10]
cos Blossom is under development
Hiro S, [14.07.18 01:11]
Thank you Jim, very quality AMA!
trade.io, [14.07.18 01:11]
Thanks Jim!
S Aggarwal, [14.07.18 01:11]
Thanks jim for ama @JimPreissler
Johnson, [14.07.18 01:11]
Thanks Jim! Enjoy your lunch
Ro$€, [14.07.18 01:12]
Thank you
Grimlock, [14.07.18 01:12]
ok guys, AMA is over. Time to load up your TIO bags and check in!
Jack, [14.07.18 01:12]
[In reply to Jack]
hi @Trade_IO, could you answer this?
trade.io, [14.07.18 01:13]
For your Q's please drop Admins a PM. We will collect your Q's and forward it to Jim. The AMA with Jim will also be uploaded on our Reddit page. Thank you!
???, [14.07.18 01:13]
Jim,I strongly recommend that you develop app!!
Paul Johnson -trade.io, [14.07.18 01:13]
Thanks Jim, Admin, and of course the TIOnauts...great dialogue as usual

submitted by Scarlet_TIO to u/Scarlet_TIO [link] [comments]

How do I account for Transaction/Withdraw fees on Bitcoin.tax?

My issue is with how my coin volume is handled when I do transfers or transactions.
For example, this is how a section of my trades currently looks like in Bitcoin.tax's trade section.
Date/Time Exchange/Source Action Coin Volume Price Fees
12/06/2017 1:17:16 PM Coinbase BUY ETH 1.08484583 $443.22000 $19.18000
12/06/2017 1:42:07 PM Binance BUY REQ 4810 0.00022604 ETH 4.81000000 REQ
Within Bitcoin.tax, how am I supposed to account for coins I lose due to transaction fees/withdraw fees between exchanges and wallets? I tried using the "FEE" input field and while it shows the appropriate values in the spreadsheet, for my final year balance calculation, it doesn't deduct those fees from my original balance.
Here is what the actual trade process looked like.
Date/Time Exchange/Source Action Coin Volume Price Fees
12/06/2017 1:17:16 PM Coinbase BUY ETH 1.08484583 $443.22000 $19.18000
12/06/2017 1:21:21 PM Coinbase TRANSFER to BINANCE ETH 1.08643378 need to look up 0.000882 ETH
12/06/2017 1:42:07 PM Binance BUY REQ 4810 0.00022604 ETH 4.81000000 REQ
12/07/2017 4:38:28 PM Binance Withdraw to MyEtherWallet REQ need to look up 30 REQ
How should I go about preparing/fixing this issue? Do I put the transaction fees/withdraw fess in the Spending section instead?
submitted by cryptotaxquest to CryptoTax [link] [comments]

Figure out the price of your ALTCOIN Calculator How to Calculate your Crypto Trading Profits - Altrady for Better Cryptocurrency Profit 2020 BITCOIN MOVE INCOMING?!  Binance 20x Margin Vs. BitMEX & Bybit Crypto trade calculator Profit Trailer : Update #42  Bitcoin Trading Bot  Bitrrex Binance & Poloniex Cryptocurrency Bot How to calculate crypto trading profit and loss? Profit and Binance Fees - Crypto Triangular Arbitrage Bot Python Basic Binance look, Free Automatic Profit Calculator for You Best Secret to turn $500 in crypto into BIGGER money! Binance Exchange Secret

The DCForecasts Binance Calculator tool gives you an option to convert any financial amount to and from Binance (BUSD) with up to six decimal places. You can convert USD to BUSD, EUR to BUSD and any of your preferred world fiat currencies, with conversion rates based on the live DCForecasts Binance Price Index. The non-USD BPI prices are implied based on the rates obtained Der aktuelle Bitcoin/Euro Kurs BTC/EUR - Währunsgrechner für den Wechselkurs von Bitcoin in Euro. Using the Bitcoin Calculator is the best way to quickly check the latest Bitcoin price in ISK on the leading global Bitcoin exchanges. Use the Bitcoin price table below to have a clear overview so you can quickly check and compare the current Bitcoin prices on the leading global exchanges, such as Binance, Coinbase, and CEX.io. 1 Bitcoin equals ₫243069877.42 in VND 1 Vietnam Dong equals to 0.000000 BTC Last updated at 22 September 2020, 03:26 UTC . Bitcoin is a decentralized digital currency or cryptocurrency, without a central bank or any country directly affiliated to it. There is no official ISO currency code for Bitcoin, however BTC and XBT are commonly used. The currency symbol for Bitcoin is ₿. The Vietnam ... Calculate Bitcoin (BTC) mining profitability in realtime based on hashrate, power consumption and electricity cost. BTC exchange rates, mining pools. $15,471.60 $61.05 $460.56 $122.40 $5.43 $71.06 $63.67 Follow @WhatToMine dark mode. GPU; ASIC; Coins New; ETH+ . ETH+HNS. Miners New; GPUs JSON; Contact; Prefer websites without ads? Consider supporting WTM by subscribing for $5/month. Active ... So, you've converted 1 Bitcoin to 10717.42 Binance USD.We used 0.000093 International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator. Bitcoin Mining Calculator. There are plenty of factors that affect the Bitcoin mining calculator profitability. Two of them are the BTC price and network hash rate. This means that if you purchase 50 TH/s of mining hardware, the total share of the network will drop each day compared to the total hash rate. Our real time Binance Coin Bitcoin Binance converter will enable you to convert your amount from BNB to BTC. All prices are in real time. Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Our Bitcoin calculator is the most reliable means of finding out the current value of your current or potential cryptocurrency investment. Linked to the Bitcoin Price index, our Bitcoin calculator gives you the up-to-the-minute price and allows you to make instant decisions about buying or selling.

[index] [8295] [11768] [1618] [19182] [15593] [12046] [1083] [17913] [1431] [17899]

Figure out the price of your ALTCOIN Calculator

Maximum daily profits proved using my crypto trade calculator Net Profit: $671.88 ROI: 38.98% Must watch video: https://www.youtube.com/watch?v=Xc9TwWJZoWM&l... If you don't know how to calculate cryptocurrency trading profits in 2020, Altrady brings you this cryptocurrency for beginner's video to help you calculate your crypto profits. More info - https ... Bitcoin Technical Analysis & Bitcoin News Today: Is Binance margin trading the new thing? On Binance you can now trade with up to 20x leverage on many cryptocurrencies. People are leaving BitMEX ... In this video I will show you how to figure out the price of your altcoin. Crypto math can be difficult at times but once you get the hang of it it's not so bad. ALTcoin calculator (To Edit ... Get Profit Trailer Here: https://profittrailer.com/pt/CryptoGnome/ ----- Get Profit Trailer Fee... In this video I demonstrate How to calculate profit loss when using Triangular Arbitrage Binance Bot and incorporating fees with a Profit/Loss tracking system and data logged to Crypto Triangular ... Binance Referral Link: https://www.binance.com/?ref=10032980 ----- Coinbase recieve $10 when y... Trading Bitcoin: 4 Steps to Calculate Your Position Size - Risk Management EXPLAINED - Duration: 6:20. Sell The Spike 6,885 views. 6:20. STOP LIMIT ORDER TUTORIAL: BINANCE & GDAX! How to set a ... Checkout my new video: https://www.youtube.com/watch?v=BKCCgB99Rto&t=265s #Bitcoin, #CryptoTrading, #Binance, ️Please like, SUBSCRIBE & Share the video ️ ⚡...

https://binance-review.forexbinaryoptions.me