🗞 Insider Newsletter #37 | March 24th, 2020 🗞
The Macro view hasn’t changed too much since our last newsletter, and we highly recommend reading it again, because it has a much more in-depth analysis on the higher timeframes. Two important pivots on the Monthly chart. If we lose the top SR, we move towards the bottom SR. Nice and simple. Daily closed above the Monthly SR, this has all the chances in the world to move into the Yearly Open, thus taking out last week’s high. Keep reading the analysis for this week.
In The Spotlight
💰 Bakkt Completes $300 Million Series B Financing
🏦 Federal Reserve to lend additional $1 trillion a day to large banks
😃 Italian Bank Launches Bitcoin Trading for 1.2M Customers
👍 Bitcoin was designed for a Financial Crisis – So fat it’s working well
🇷🇺 Russian Central Bank Admits It Can’t Ban Bitcoin
💲 A draft of the coronavirus stimulus bill written by House Democrats would create a ‘digital dollar’
⚙️ The Federal Reserve just pledged asset purchases with no limit to support markets
🇨🇳 Bank of China continues anti-crypto narrative on WeChat
The Crypto Sector Moves to Recover From March 12 as QE Looms
The sector continued to deal with the fallout from March 12th this week, as a number of exchanges, protocols, and projects were forced to lick their wounds and take stock of their losses. BitMEX, Binance, and Deribit incurred losses of around $12.9m, $4.6m, and $1.66m to their respective insurance funds, and BitMEX moved to refund 156 accounts that were negatively affected by the late processing of market orders which led to erroneous liquidations on ETH/USD orders. The exchange claims that it was subject to two DDoS attacks on March 13 which caused it to go offline for 30 minutes, and has paid out a total of 40.297 XBT to those affected.
MakerDAO lost around $4m worth of unbacked DAI last week, and the team behind the project set up the MKR auction which began on March 19 to try and recover the losses. The ‘Reverse Auction’ system utilized sees participants bidding set amounts of Dai (50,000) for decreasing amounts of MKR, and the opening bidder lot of 250 MKR for 50,000 Dai worked out at approximately 200 Dai per MKR. The MakerDAO community has also floated the idea of using the USDC stablecoin as an alternative source of collateral to improve overall liquidity and strengthen the protocol’s resolve against any further sudden adverse market movements. MakerDAO also plans to shutdown Single Collateral Dai (SAI) within the next 30 days to alleviate any unnecessary expenses. To keep reading head over to our website.
The Macro view hasn’t changed too much since our last newsletter, and we highly recommend reading it again, because it has a much more in-depth analysis on the higher timeframes. Two important pivots on the Monthly chart. If we lose the top SR, we move towards the bottom SR. Nice and simple. Daily closed above the Monthly SR, this has all the chances in the world to move into the Yearly Open, thus taking out last week’s high. Keep reading the analysis for this week.
In The Spotlight
💰 Bakkt Completes $300 Million Series B Financing
🏦 Federal Reserve to lend additional $1 trillion a day to large banks
😃 Italian Bank Launches Bitcoin Trading for 1.2M Customers
👍 Bitcoin was designed for a Financial Crisis – So fat it’s working well
🇷🇺 Russian Central Bank Admits It Can’t Ban Bitcoin
💲 A draft of the coronavirus stimulus bill written by House Democrats would create a ‘digital dollar’
⚙️ The Federal Reserve just pledged asset purchases with no limit to support markets
🇨🇳 Bank of China continues anti-crypto narrative on WeChat
The Crypto Sector Moves to Recover From March 12 as QE Looms
The sector continued to deal with the fallout from March 12th this week, as a number of exchanges, protocols, and projects were forced to lick their wounds and take stock of their losses. BitMEX, Binance, and Deribit incurred losses of around $12.9m, $4.6m, and $1.66m to their respective insurance funds, and BitMEX moved to refund 156 accounts that were negatively affected by the late processing of market orders which led to erroneous liquidations on ETH/USD orders. The exchange claims that it was subject to two DDoS attacks on March 13 which caused it to go offline for 30 minutes, and has paid out a total of 40.297 XBT to those affected.
MakerDAO lost around $4m worth of unbacked DAI last week, and the team behind the project set up the MKR auction which began on March 19 to try and recover the losses. The ‘Reverse Auction’ system utilized sees participants bidding set amounts of Dai (50,000) for decreasing amounts of MKR, and the opening bidder lot of 250 MKR for 50,000 Dai worked out at approximately 200 Dai per MKR. The MakerDAO community has also floated the idea of using the USDC stablecoin as an alternative source of collateral to improve overall liquidity and strengthen the protocol’s resolve against any further sudden adverse market movements. MakerDAO also plans to shutdown Single Collateral Dai (SAI) within the next 30 days to alleviate any unnecessary expenses. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #37 | March 24th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
Recap of the STP Network AMA Session from the 22nd of March, 2020 - Stay informed!
🎁 Top 5 Questions will be announced soon ($100 worth of STPT will be distributed)
➡️ Click for Recap ⬅️
🎁 Top 5 Questions will be announced soon ($100 worth of STPT will be distributed)
➡️ Click for Recap ⬅️
🎁 We present you with the winners for the STP Network AMA 🎁
1. Can you share some more insights on STP Network as to the long term plans of the project keeping in mind the stakeholders interest & adoption in the real world without compromising on regulatory front?
2. What are the standards and solutions that STP Network offers? What are the special and outstanding STP Network solutions compared to the traditional way?
3. Can you tell us several advantages you think that STPT can beat IRIS in vote of Round 7 of Binance Community Coin?
4. Regardless of the outcome of the Binance community event, what major milestones do you have in place as Q1 2020 comes to a close. Should you win, how would you prevent possible price dump and continue to interact with community.
5. Polymath and Coinlist are presently ahead of you, how will you compete with them and what advantages do you over them?
----------------
@langa94 will send the winners a PM asking for the ETH address where we should send the STPT tokens.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!
1. Can you share some more insights on STP Network as to the long term plans of the project keeping in mind the stakeholders interest & adoption in the real world without compromising on regulatory front?
2. What are the standards and solutions that STP Network offers? What are the special and outstanding STP Network solutions compared to the traditional way?
3. Can you tell us several advantages you think that STPT can beat IRIS in vote of Round 7 of Binance Community Coin?
4. Regardless of the outcome of the Binance community event, what major milestones do you have in place as Q1 2020 comes to a close. Should you win, how would you prevent possible price dump and continue to interact with community.
5. Polymath and Coinlist are presently ahead of you, how will you compete with them and what advantages do you over them?
----------------
@langa94 will send the winners a PM asking for the ETH address where we should send the STPT tokens.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!
Today we will take you through the Q1 2020 progression Bitcoin's movement. This probably was the most volatile quarter in the history of Bitcoin. Let’s jump down the rabbit hole and look at the charts from top to bottom once more.
Part A: Monthly Chart
Chart: https://www.tradingview.com/x/ORUGKzAh/
Starting from the monthly chart, we immediately notice something quite interesting. We are macro range bound between ‘18, ‘19 and ‘20 Yearly Opens, with the latter acting as the equilibrium (mid-range).
Keep in mind that the price is fractal across all timeframes, thus the price behavior around patterns is identical no matter what timeframe we’re looking at. Of course, it takes a lot more time to break out of a two-three years developed range than it takes to break a lower timeframe range, but the price behavior remains the same.
Knowing this, we are going to use the ‘20 YO as macro bias going forward and we’ll come back to this later on.
Part A: Monthly Chart
Chart: https://www.tradingview.com/x/ORUGKzAh/
Starting from the monthly chart, we immediately notice something quite interesting. We are macro range bound between ‘18, ‘19 and ‘20 Yearly Opens, with the latter acting as the equilibrium (mid-range).
Keep in mind that the price is fractal across all timeframes, thus the price behavior around patterns is identical no matter what timeframe we’re looking at. Of course, it takes a lot more time to break out of a two-three years developed range than it takes to break a lower timeframe range, but the price behavior remains the same.
Knowing this, we are going to use the ‘20 YO as macro bias going forward and we’ll come back to this later on.
Part B: Weekly Chart
Chart: https://www.tradingview.com/x/ribBxQtV/
We’re currently trading into the origin of the December range breakout. This is quite an important area since it also has the yearly open embedded into it, making it more significant.
We’re just going to keep in mind that the most important level on the chart is the yearly open and the region around it, and remove the grey box from the chart to avoid cluttering our workspace going further.
Chart: https://www.tradingview.com/x/ribBxQtV/
We’re currently trading into the origin of the December range breakout. This is quite an important area since it also has the yearly open embedded into it, making it more significant.
We’re just going to keep in mind that the most important level on the chart is the yearly open and the region around it, and remove the grey box from the chart to avoid cluttering our workspace going further.
Part C: Daily Chart
Chart: https://www.tradingview.com/x/kLw0jfXF/
We got one important level on the daily chart, for now. It’s the black line which represents the first high made after the drop. We can notice how significant it is in terms of respecting the support and resistance around it. It’ll be much more clear when we zoom in to H4 timeframe.
So for now, we know that the price is trapped between supply (‘20 YO) and demand (the daily level).
We know, from an over-under pattern point of view, that the price shouldn’t be back above the black level now, as it already failed once above it (explanation in Part D).
Chart: https://www.tradingview.com/x/kLw0jfXF/
We got one important level on the daily chart, for now. It’s the black line which represents the first high made after the drop. We can notice how significant it is in terms of respecting the support and resistance around it. It’ll be much more clear when we zoom in to H4 timeframe.
So for now, we know that the price is trapped between supply (‘20 YO) and demand (the daily level).
We know, from an over-under pattern point of view, that the price shouldn’t be back above the black level now, as it already failed once above it (explanation in Part D).
Part D : Over-under perspective
Chart: https://www.tradingview.com/x/jbPHoaR6/
Having that in mind, let’s go further down to the H4 timeframe and establish our short-term bias.
Chart: https://www.tradingview.com/x/jbPHoaR6/
Having that in mind, let’s go further down to the H4 timeframe and establish our short-term bias.
4-Hour Chart
Chart: https://www.tradingview.com/x/H8zGr4xI/
Things now become more clear, right? We now have the ‘20 YO, the Daily pivot level and the H4 pivot level to guide us forward, all of them being respected thoroughly by the market.
We can now establish our bias depending which side the market takes, and take part in a trade on market strength or weakness.
Chart: https://www.tradingview.com/x/H8zGr4xI/
Things now become more clear, right? We now have the ‘20 YO, the Daily pivot level and the H4 pivot level to guide us forward, all of them being respected thoroughly by the market.
We can now establish our bias depending which side the market takes, and take part in a trade on market strength or weakness.
🐂 Bullish Scenario
Chart: https://www.tradingview.com/x/11ZcHrX5/
There are two possible entry points depending on what the market does in the short term future.
If we break below the Daily Pivot and close back above, we can enter a long on the last low pre-break of this consolidation (we can’t anticipate where it’ll be, but when it’s created, that’s the aggressive entry point).
The more conservative entry (or add) should be the break above the Yearly Open.
Trade invalidation is clear if it breaks below the structure (being the lowest point the market trades into), but if not, then it’ll be a little bit problematic to choose a decent invalidation point. Could be the thrust candle that breaks the YO, but it’s too risky in my opinion.
Chart: https://www.tradingview.com/x/11ZcHrX5/
There are two possible entry points depending on what the market does in the short term future.
If we break below the Daily Pivot and close back above, we can enter a long on the last low pre-break of this consolidation (we can’t anticipate where it’ll be, but when it’s created, that’s the aggressive entry point).
The more conservative entry (or add) should be the break above the Yearly Open.
Trade invalidation is clear if it breaks below the structure (being the lowest point the market trades into), but if not, then it’ll be a little bit problematic to choose a decent invalidation point. Could be the thrust candle that breaks the YO, but it’s too risky in my opinion.
🐻 Bearish Scenario
Chart: https://www.tradingview.com/x/KIiy6QMu/
This one is a lot more simpler to define. Once/if it breaks the daily pivot, the first aggressive entry would be the retest of the level from below, then the conservative entry is the loss of the H4 pivot level with a subsequent retest of it. Fairly clear so far, and the targets are always the lows created by the market on the way up.
Chart: https://www.tradingview.com/x/KIiy6QMu/
This one is a lot more simpler to define. Once/if it breaks the daily pivot, the first aggressive entry would be the retest of the level from below, then the conservative entry is the loss of the H4 pivot level with a subsequent retest of it. Fairly clear so far, and the targets are always the lows created by the market on the way up.
Q1 CRYPTOCURRENCY INDUSTRY ROUNDUP
After getting off to a positive start, the market was unable to withstand the negative effects of the Covid-19 pandemic which hit all financial markets hard during the middle of March. The total market cap sat at around $191B on January 01, 2020, and peaked at around $308B on February 14. However, the market struggled to recover after plummeting to around $125B on March 12, and the quarter ended with the total cap fluctuating around $181B on March 31 which represented a loss of 5.2%.
For the first time in weeks, Bitcoin didn’t suffer any setback when the financial markets closed for the weekend. The proponents of the ‘Bitcoin safe-haven’ narrative might argue that the benchmark cryptocurrency has stopped following the global markets.
Full Article: https://cryptocalibur.com/cryptocurrency-industry-q1-review/
After getting off to a positive start, the market was unable to withstand the negative effects of the Covid-19 pandemic which hit all financial markets hard during the middle of March. The total market cap sat at around $191B on January 01, 2020, and peaked at around $308B on February 14. However, the market struggled to recover after plummeting to around $125B on March 12, and the quarter ended with the total cap fluctuating around $181B on March 31 which represented a loss of 5.2%.
For the first time in weeks, Bitcoin didn’t suffer any setback when the financial markets closed for the weekend. The proponents of the ‘Bitcoin safe-haven’ narrative might argue that the benchmark cryptocurrency has stopped following the global markets.
Full Article: https://cryptocalibur.com/cryptocurrency-industry-q1-review/
📈 This weekend we will released a Quarterly Macro Talks article which will cover the upcoming halving and mining industry, the global economic uncertainty and some other factors that might influence the price of Bitcoin throughout the following months.
Hey CryptoCalibur Community, 🗡️
We would like to share with you a trade automation platform named bot as a service! The team behind the company have been working on the project since last year and we have been following their progress since the beginning. No ICO, IEO b.s., no token, just working on their product and constantly onboarding traders.
Most of us don’t have time to constantly keep an eye on the markets, monitor open trades, or wait for hours on end to catch that perfect entry. If this is also the case for you, you can start automating your trades with bot as a service! Create your own bots that trade for you 24/7.
What’s more, the cloud-based trade automation platform allows you to:
🛠 Create your own trading strategies using a range of market indicators and tools.
🔎 Backtest your strategies using past market data to see past performance.
🤖 Run bots with your strategies and track their performance!
Best of all, you can have many bots with different strategies trading for you at all times.
As a special promotion together with CryptoCalibur, bot as a service is happy to offer our community a limited time discount on their subnoscription plans. Starting today you can use the code BAAS-50-2020 during checkout to get 50% off your first month, on a subnoscription of your choice! 🎁
Good luck and happy trading! 📈
We would like to share with you a trade automation platform named bot as a service! The team behind the company have been working on the project since last year and we have been following their progress since the beginning. No ICO, IEO b.s., no token, just working on their product and constantly onboarding traders.
Most of us don’t have time to constantly keep an eye on the markets, monitor open trades, or wait for hours on end to catch that perfect entry. If this is also the case for you, you can start automating your trades with bot as a service! Create your own bots that trade for you 24/7.
What’s more, the cloud-based trade automation platform allows you to:
🛠 Create your own trading strategies using a range of market indicators and tools.
🔎 Backtest your strategies using past market data to see past performance.
🤖 Run bots with your strategies and track their performance!
Best of all, you can have many bots with different strategies trading for you at all times.
As a special promotion together with CryptoCalibur, bot as a service is happy to offer our community a limited time discount on their subnoscription plans. Starting today you can use the code BAAS-50-2020 during checkout to get 50% off your first month, on a subnoscription of your choice! 🎁
Good luck and happy trading! 📈
2020 Quarterly Macro Talks | An Analysis of Bitcoin Pricing
In this article we will focus on the macro side of things, and talk about the upcoming halving and mining industry, the global economic uncertainty and some other factors that might influence the price of Bitcoin throughout the following months.
Given the strength of the downtrend and the global economic collapse that we’re witnessing due to the coronavirus crisis, we would rather short the rallies. Unless the global markets calm down and the human malware is contained, the sell-off might not be finished yet.
Like we’ve already stated before, people that are selling their stocks panicked by the volatility and increased risk of a global economic recession won’t buy Bitcoin, an even more volatile and riskier asset. We know Bitcoin is the best asset to hold in a utopia, but we’re not quite there yet.
Full Article: https://cryptocalibur.com/macro-talks/
In this article we will focus on the macro side of things, and talk about the upcoming halving and mining industry, the global economic uncertainty and some other factors that might influence the price of Bitcoin throughout the following months.
Given the strength of the downtrend and the global economic collapse that we’re witnessing due to the coronavirus crisis, we would rather short the rallies. Unless the global markets calm down and the human malware is contained, the sell-off might not be finished yet.
Like we’ve already stated before, people that are selling their stocks panicked by the volatility and increased risk of a global economic recession won’t buy Bitcoin, an even more volatile and riskier asset. We know Bitcoin is the best asset to hold in a utopia, but we’re not quite there yet.
Full Article: https://cryptocalibur.com/macro-talks/
🗞 Insider Newsletter #38 | May 5th, 2020 🗞
There isn’t really much to talk about the price action lately, but we’re going to dissect it nonetheless, focusing on trading this level to level. The market is currently trapped between two historical and important levels, and trading above the Monthly Open. Clearer picture here, leaning slightly bullish while above the Monthly Open. If the breaker block (red zone) gets reclaimed, we’re likely going to trade up into the $10,400 double top highs. Keep reading the analysis for this week.
In The Spotlight
🛍️ Grayscale Bought Half Of All ETH Mined In 2020 As Institutional Interest Keeps Growing, Report Says
🤷 Coinbase Pro Brings Back Zcash, Adds BAT and Dai Pairs
🇨🇳 Chinese Internet Giant Tencent Launches Blockchain Accelerator
😫 Struggling Swiss Crypto Valley Seeks Gov Aid
💪 FTX Is Evolving Faster Than Any Other Bitcoin Exchange
🏦 Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels
⚖️ Mysterious Company Files New Lawsuit Over Ripple’s $1.1B XRP Sale
⚠️ Telegram Withdraws Offer to Repay Investors With Gram Tokens
Upcoming Bitcoin Halving Stimulates Bullish Sentiment
The Covid-19 pandemic saw the first quarter of the year enter a negative spiral as very few of the world’s financial markets were able to escape the resulting economic downturn. However, the upcoming Bitcoin halving appears to be helping BTC to recover more quickly than other more traditional assets.
The third Bitcoin block reward halving is set to take place at block height 630,000 which is estimated to occur on May 11th, and Bitcoin has seen its price appreciate by approximately 40% over Q2. In addition, the number of addresses holding BTC has grown by just over 24%, according to Glassnode, and an increase in economic activity has spread throughout the sector. To keep reading head over to our website.
There isn’t really much to talk about the price action lately, but we’re going to dissect it nonetheless, focusing on trading this level to level. The market is currently trapped between two historical and important levels, and trading above the Monthly Open. Clearer picture here, leaning slightly bullish while above the Monthly Open. If the breaker block (red zone) gets reclaimed, we’re likely going to trade up into the $10,400 double top highs. Keep reading the analysis for this week.
In The Spotlight
🛍️ Grayscale Bought Half Of All ETH Mined In 2020 As Institutional Interest Keeps Growing, Report Says
🤷 Coinbase Pro Brings Back Zcash, Adds BAT and Dai Pairs
🇨🇳 Chinese Internet Giant Tencent Launches Blockchain Accelerator
😫 Struggling Swiss Crypto Valley Seeks Gov Aid
💪 FTX Is Evolving Faster Than Any Other Bitcoin Exchange
🏦 Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels
⚖️ Mysterious Company Files New Lawsuit Over Ripple’s $1.1B XRP Sale
⚠️ Telegram Withdraws Offer to Repay Investors With Gram Tokens
Upcoming Bitcoin Halving Stimulates Bullish Sentiment
The Covid-19 pandemic saw the first quarter of the year enter a negative spiral as very few of the world’s financial markets were able to escape the resulting economic downturn. However, the upcoming Bitcoin halving appears to be helping BTC to recover more quickly than other more traditional assets.
The third Bitcoin block reward halving is set to take place at block height 630,000 which is estimated to occur on May 11th, and Bitcoin has seen its price appreciate by approximately 40% over Q2. In addition, the number of addresses holding BTC has grown by just over 24%, according to Glassnode, and an increase in economic activity has spread throughout the sector. To keep reading head over to our website.
As announced before, from now on we will post the CryptoCalibur Team Picks regularly and pin those here in the group chat.
The list might not change very often because we only add what everyone in the team can stand behind. The list is basically what our research team agrees on being underpriced tokens.
The first ones are: $UBT $VIDT $AKRO $TFD $ENJ
Most of them shouldn`t come as a big surprise to long term readers of CryptoCalibur.
We are currently looking into 5 other tokens that might be eventually added to the list.
Also check what we discuss about those picks in our research chat group:
⚠️ @cryptocaliburchat ⚠️
The list might not change very often because we only add what everyone in the team can stand behind. The list is basically what our research team agrees on being underpriced tokens.
The first ones are: $UBT $VIDT $AKRO $TFD $ENJ
Most of them shouldn`t come as a big surprise to long term readers of CryptoCalibur.
We are currently looking into 5 other tokens that might be eventually added to the list.
Also check what we discuss about those picks in our research chat group:
⚠️ @cryptocaliburchat ⚠️
CryptoCalibur pinned «As announced before, from now on we will post the CryptoCalibur Team Picks regularly and pin those here in the group chat. The list might not change very often because we only add what everyone in the team can stand behind. The list is basically what our…»
Today we're introducing a monthly Technical View of the CryptoCalibur Team Picks! Every attractive tokenized project goes through price cycles, from times of good value to other times of warranted caution. Take a look at the status of our picks as of July 2020, then join us for discussion in our chatroom.
https://cryptocalibur.com/july2020-team-picks/
https://cryptocalibur.com/july2020-team-picks/
📈 Akropolis In-Depth Review & Rating is live!
▶️ Read the full review at the following link: https://cryptocalibur.com/portfolio-item/akropolis-review/
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 95%
Documentation | 90%
Development Roadmap | 85%
Business Model | 85%
Company & Team | 80%
Final Rating | 87% (#1 on Top 10 List) 🤩
One year on from conducting an IEO on Huobi Global, the Akropolis team have embarked on a significant amount of development and have launched a platform that is intriguing to anyone keeping up with the emerging DeFi movement. There is a lot to like about the project, including the sustained level of development, and the launches of AkropolisOS, and Sparta with the Delphi mainnet launch being just weeks away.
The team are also addressing issues that need solving with remittances, and credit unions in emerging nations very much in need of modernization and innovative solutions. In addition, the Sparta and Delphi products are very much in keeping with current market preferences and allow anyone to partake in lending/borrowing, and yield farming. Akropolis also integrates with leading DeFi protocols such as Maker, Compound, Aave, Balancer, and Curve which makes it an interesting alternative for anyone already engaging in decentralized loans/staking.
However, this is where we start to run into some potential issues, as Akropolis and their Sparta/Delphi products will mainly attract current DeFi users who are already active in the space. While this is to be expected, we would also like to see adoption amongst the team’s target demographics of users in emerging nations, and to get an idea of exactly how the Akropolis team plan to establish their solutions across a range of markets. Read more on our website!
▶️ Read the full review at the following link: https://cryptocalibur.com/portfolio-item/akropolis-review/
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 95%
Documentation | 90%
Development Roadmap | 85%
Business Model | 85%
Company & Team | 80%
Final Rating | 87% (#1 on Top 10 List) 🤩
One year on from conducting an IEO on Huobi Global, the Akropolis team have embarked on a significant amount of development and have launched a platform that is intriguing to anyone keeping up with the emerging DeFi movement. There is a lot to like about the project, including the sustained level of development, and the launches of AkropolisOS, and Sparta with the Delphi mainnet launch being just weeks away.
The team are also addressing issues that need solving with remittances, and credit unions in emerging nations very much in need of modernization and innovative solutions. In addition, the Sparta and Delphi products are very much in keeping with current market preferences and allow anyone to partake in lending/borrowing, and yield farming. Akropolis also integrates with leading DeFi protocols such as Maker, Compound, Aave, Balancer, and Curve which makes it an interesting alternative for anyone already engaging in decentralized loans/staking.
However, this is where we start to run into some potential issues, as Akropolis and their Sparta/Delphi products will mainly attract current DeFi users who are already active in the space. While this is to be expected, we would also like to see adoption amongst the team’s target demographics of users in emerging nations, and to get an idea of exactly how the Akropolis team plan to establish their solutions across a range of markets. Read more on our website!
CryptoCalibur
Review of Akropolis: A Domain-Specific Financial Protocol
Akropolis is a decentralized finance (DeFi) protocol that has been developed in order to serve the global, informal, bank-less economy...
Upcoming ask me anything session with FinNexus!
📃 Website
📃 FinNexus Telegram
⏰ The AMA will take place on August 6th, 2020 from 15:00 to 16:00 UTC in our Chat Room.
-----------------------------------------------
The AMA will take place in our Chat Room: @cryptocaliburchat
📃 Website
📃 FinNexus Telegram
⏰ The AMA will take place on August 6th, 2020 from 15:00 to 16:00 UTC in our Chat Room.
-----------------------------------------------
The AMA will take place in our Chat Room: @cryptocaliburchat
FinNexus has a unique focus on assets with real value built on blockchain infrastructure. Unlike popular alternatives such as Binance and Compound whose stable return products are based on crypto lending businesses, the assets FinNexus issue include those based on both real world and crypto businesses. This gives users access to reliable assets which are not correlated with the performance of crypto markets.
FNX is the sole token in the FinNexus ecosystem of protocol clusters that will span multiple chains. The first such protocol being developed focuses on DeFi options. There are two approaches: one which tokenizes specific position and allows those tokens to be freely traded. The other is a pooled version of decentralized options where any position can be taken (and theoretically on any asset) from a single pool of tokenized collateral.
FNX is the sole token in the FinNexus ecosystem of protocol clusters that will span multiple chains. The first such protocol being developed focuses on DeFi options. There are two approaches: one which tokenizes specific position and allows those tokens to be freely traded. The other is a pooled version of decentralized options where any position can be taken (and theoretically on any asset) from a single pool of tokenized collateral.