CRYPTONAIRE
WEEKLY CRYPTO investment journal
CONTENTS WEEKLY CRYPTOCURRENCY MARKET ANALYSIS...............................................................................................................5 CRYPTO TRADE OPPORTUNITIES...............................................................................................................................................7 NFT WEEKLY NEWS UPDATE.........................................................................................................................................................13 DEFI WEEKLY NEWS UPDATE .......................................................................................................................................................15 PRESS RELEASE..................................................................................................................................................................................17 DIRTY FINANCE HITS Q3 ALL TIME HIGH ON CONTEST LAUNCH, STAKING ANNOUNCEMENT..............17 ADVERTISE WITH US........................................................................................................................................................................25 Bears lick their paws while Bitcoin price blasts through $46,000 ............................................................................26 Crypto Coin Listings Exploded in 2021................................................................................................................................28 SUBME – AN INVESTMENT TOOL THAT DISRUPTS THE SUBSCRIPTION MARKET!.........................................................29
Coinbase Adds Option To Buy Crypto With Apple Pay, Google Pay To Follow...................................................34 Audi to debut its limited-edition NFTs on xNFT Protocol..............................................................................................36 WORLD MOBILE TOKEN: REBOOTING TELECOMS THROUGH BLOCKCHAIN AND THE SHARING ECONOMY.............37
Circle (USDC) Looks to Become the First Stablecoin Issuer with Full Banking License ...................................43 UK’s Standard Chartered to Offer Crypto Brokerage Services in Ireland...............................................................44 WASDER ECOSYSTEM – AN ECOSYSTEM DESIGNED FOR GAMERS!.....................................................................................45
Dogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence ..............................................................53 It’s Not Over Yet! More Senators Come in Support as Crypto Continues to Fight Back...................................55 Ethereum network burns $395K ETH per hour after London upgrade...................................................................56 Elon Musk Calls For Careful Consideration In New Crypto Regulation Bill............................................................58 Poloniex Settles for $10 Million with SEC for 'Aggressive' Listing Policy.................................................................60 NFT Gaming Explodes, With Axie Infinity Surging to $1,000,000,000 in Sales ...................................................62 Several Crypto Mining Stocks Up Sharply as Bitcoin Rises Above $46K ..............................................................64 Singapore to License Digital Payment Providers, Approves Crypto Exchange...................................................65 Ukraine could legalize Bitcoin payments after proposed crypto bill .......................................................................66
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Editor’s Letter
Bitcoin broke above the 200-day simple moving average (SMA) on August 9, signalling that the downtrend is over. Fundstrat's Tom Lee told CNBC on August 9 that buying Bitcoin “when it breaks above its 200-day moving average” has rewarded investors with a six-month return of almost 180%. Lee expects Bitcoin to rally to about $100,000 by the end of the year. Financial news outlet The Street reported on July 30 that asset management firm GoldenTree, which has about $45 billion in assets under management, has bought an undisclosed amount of Bitcoin.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE SUBME – AN INVESTMENT TOOL THAT DISRUPTS THE SUBSCRIPTION MARKET! , WORLD MOBILE TOKEN: REBOOTING TELECOMS THROUGH BLOCKCHAIN AND THE SHARING ECONOMY & WASDER ECOSYSTEM – AN ECOSYSTEM DESIGNED FOR GAMERS! We had said in our previous analysis that a short-term trading opportunity may open up if Bitcoin rebounds off the 20-day exponential moving average (EMA) and that is what happened. Traders who bought on our recommendation may book partial profits and trail the stops higher on the rest of the position. The BTC/GBP pair turned down from £30,310.12 on August 1 but the bulls aggressively defended the 20-day EMA. This suggests that the sentiment has turned positive and traders are viewing dips as a buying opportunity. The pair bounced off the 20-day EMA on August 4 and the bulls pushed the price above the overhead resistance of £31,005 on August 7. The bears tried to trap the bulls by pulling the price back below the breakout level of £31,005 on August 8 but the long tail on the day’s candlestick shows strong buying at lower levels. If buyers sustain the price above £31,005, the pair could start its journey to £36,000 and then to £38,000. The rising moving averages and the relative strength index (RSI) in the overbought zone suggests that bulls are in control. This positive view will invalidate if the bears pull the price back below the 20-day EMA. Such a move could open the doors for a decline to £26,926.16. Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue! Cryptonaire Weekly | August 10th 2021
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Karnav Shah Co-Founder, CEO & Editor-in-Chief
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WEEKLY CRYPTO investment journal
CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongoing requirements of crypto-traders into one place. Our Cryptonaire Weekly magazine includes expert technical analysis, providing trading opportunities to our subscribers as well as fundamental analysis so our readers can keep up to speed with the current developments in the crypto markets. Not only do we provide the information necessary to trade active cryptocurrencies on the exchanges, but we also take a look at ICOs to help you find those golden projects with real value! No longer will you have to rely on multiple sources to keep on top of the markets, we deliver everything directly to your inbox each and every week.
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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, welcome to this week’s 194th edition of Cryptonaire Weekly Magazine. The global crypto market cap is $1.84 Trillion, up $290 billion since the last week. The total crypto market trading volume over the last 24 hours has increased by 6.67% to $108.87 Billion. The DeFi volume is $11.02 Billion, 10.12% of the entire crypto market’s 24-hour trading volume. The volume of all stable coins is $87.06 Billion, 79.96% of the total crypto market’s 24-hour trading volume. Bitcoin’s price has increased 19.00% from $38,320 last week to around $45,600 and Ether’s price has increased 25.66% from $2,475 last week to $3,110. Bitcoin's market cap is $855 Billion and the altcoin market cap is $985 Billion. Bitcoin broke above the 200-day simple moving average (SMA) on August 9, signalling that the downtrend is over. Fundstrat's Tom Lee told CNBC on August 9 that buying Bitcoin “when it breaks above its 200-day moving average” has rewarded investors with a six-month return of almost 180%. Lee expects Bitcoin to rally to about $100,000 by the end of the year. Glassnode data suggests that institutional investors have been major buyers since the beginning of August. The on-chain transaction volume exceeding $1 million in value accounts for about 70% of the total value transferred, while the small-size transactions have dropped to roughly 30-40% of market dominance. In another sign that the recovery is on a stronger footing, the majority of the investors holding “old coins” have not been closing their positions during the rally. Glassnode analysts said: “Despite a strong rally to $45k, the Bitcoin market still has not seen a significant increase in old coins (>1year) being spent. This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.”
Percentage of Total Market Capitalization (Dominance)
Bitcoin
46.39%
Ethereum
19.72%
Tether
3.39%
Binance Coin
3.19%
Cardano
2.55%
XRP
2.03%
Dogecoin
1.78%
USD Coin
1.51%
Polkadot
1.09%
Uniswap
0.92%
Others
17.42%
American cinema operator AMC Entertainment said it plans to have IT systems in place to start accepting Bitcoin as payment for movie tickets by the end of 2021.
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CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/GBP
We had said in our previous analysis that bears will continue to defend the £31,005 levels aggressively and that is what happened. The failure of the bulls to push the price above £31,005 between July 30 and August 1 attracted profit-booking from short-term traders. We had said in our previous analysis that a short-term trading opportunity may open up if Bitcoin rebounds off the 20-day exponential moving average (EMA) and that is what happened. Traders who bought on our recommendation may book partial profits and trail the stops higher on the rest of the position. The BTC/GBP pair turned down from £30,310.12 on August 1 but the bulls aggressively defended the 20-day EMA. This suggests that the sentiment has turned positive and traders are viewing dips as a buying opportunity. The pair bounced off the 20-day EMA on August 4 and the bulls pushed the price above the overhead resistance of £31,005 on August 7. The bears tried to trap the bulls by pulling the price back below the breakout level of £31,005 on August 8 but the long tail on the day’s candlestick shows strong buying at lower levels. If buyers sustain the price above £31,005, the pair could start its journey to £36,000 and then to £38,000. The rising moving averages and the relative strength index (RSI) in the overbought zone suggests that bulls are in control. This positive view will invalidate if the bears pull the price back below the 20-day EMA. Such a move could open the doors for a decline to £26,926.16.
Previous Analysis...
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ETHEREUM - ETH/GBP
In our previous analysis, we had recommended traders buy on a strong rebound off the 20-day EMA. The price did not drop to the 20-day EMA but came close to it on August 4. Traders who bought this bounce would have made quick gains. Partial profits can be booked at the current levels and the stops can be trailed on the rest to protect the paper profits. The bulls pushed the price above the overhead resistance of £2,160 on August 7, suggesting the resumption of the uptrend. However, the bears have other plans. They are attempting to stall the up-move and pull the price back below £2,160. If the price turns down from the current level and breaks below £2,160, a drop to the 20-day EMA is possible. This is an important level to watch out for because if the pair rebounds off it, the bulls will again try to resume the up-move. There is a minor resistance at £2,400 but if this level is crossed, the ETH/GBP pair could commence its journey to £3,000. Contrary to this assumption, if bears pull the price below the 20-day EMA, the pair could drop to the 50-day SMA. Previous Analysis...
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RIPPLE - XRP/GBP
The tight range consolidation between the 20-day EMA and the overhead resistance at £0.53566 resolved to the upside on August 7. This triggered the buy recommendation given in the previous analysis. The bulls are struggling to sustain the upward momentum as bears are attempting to pull the price back below the breakout level. If the XRP/GBP pair rebounds off the current level and breaks above the resistance line of the descending channel, it will indicate a possible change in trend. The pair could then rally to £0.77. Traders can keep the stop-loss below the 20-day EMA but trail it higher after the bulls push the price above the descending channel. A break and close below the moving averages will suggest that the bears have made a comeback.
Previous Analysis...
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CARDANO - ADA/GBP
Cardano broke above the 50-day SMA on August 3 and has continued its move higher. The rising 20-day EMA and the RSI in the positive zone suggest that bulls have the upper hand. However, the bears have other plans, They are attempting to stall the recovery near £1.10 as seen from the long wick on today’s candlestick. A break and close below the moving averages will be the first sign of weakness. The ADA/GBP pair could then drop to £0.88 and then to £0.71. On the other hand, if bulls sustain the price above the 20-day EMA, the up-move may reach the overhead resistance at £1.33 where the bears may again mount a stiff resistance. If the price turns down from this level, the pair may extend its stay inside the large range of £0.71 and £1.33 for a few more days. The next leg of the uptrend could start after the bulls push and sustain the price above £1.33.
Previous Analysis...
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BINANCE - BNB/GBP
Binance Coin broke and closed above the overhead resistance of £236 on August 6 which triggered the buy recommendation given in the previous analysis. However, the bulls are struggling to build on the breakout as bears are trying to pull the price back below £236. If the price rebounds off £236 and rises above £255.22, the BNB/GBP pair could start its journey toward the overhead resistance at £305.44. If the price turns down from this level, the pair could extend its stay inside the range between £305.44 and £160 for a few days. The bulls will have to push and sustain the price above £305.44 to signal the start of a new uptrend. Traders can continue to hold their stops at £210 for now but trail it higher as the price moves above £255.22. A break and close below the 50-day SMA will indicate that the bullish momentum has weakened. The pair could then drop to the next support at £160.
Previous Analysis...
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NFT WEEKLY NEWS UPDATE: In this week’s NFT update, we aim to bring you the latest and most relevant NFT news. Bundesliga partners with topps on first ever NFT collection. The NFT trading cards will feature the German soccer league’s top players, rising stars and highlights from the season. As well as Lionel Messi will be celebrated in his first authenticated NFT collection, "The Messiverse which will be available from 21:00 UTC Aug. 20 on blockchain platform Ethernity Chain. Pantera, Coinbase Ventures and Sony back NFT-focused MakersPlace in $30M Series A financing. The funding round will be used by MakersPlace to scale business operations and acquire additional talent as it continues to attract new users and artists to its platform. The investment was co-led by Bessemer Venture Partners and Pantera Capital, with additional participation from Coinbase Ventures, Sony Music Entertainment, Uncork Capital, Dragon Digital Assets and 9Yards Capital. Several notable angel investors also participated in the round, including Acquavella Galleries, Sabrina Hahn, Eminem and Paul Rosenberg. Luxury fashion brand Burberry has launched its first non-fungible token (NFT) collection in partnership with Mythical Games. The NFTs will be available for in-game purchase via the Blankos Block Party marketplace on August 11. The brand said it is hoping to unlock value for the gaming community by encouraging players to interact with its brand in an environment that celebrates art and design.
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DEFI WEEKLY NEWS UPDATE: In this weeks DeFi update, we aim to bring you the latest and most relevant DeFi news. The current DeFi crypto market cap is $93.77 Billion. Solana launches cross-chain ‘Wormhole’ for shuttling assets from Ethereum, Binance Smart Chain & Terra. Wormhole opens a faster (and developers claim simpler) route for non-native assets to enter Solana’s bustling decentralized finance (DeFi) ecosystem. Projects like Serum, the decentralized exchange backed by FTX, could unlock added cross-chain liquidity through Wormhole. Aave price hits two-month high on Wall Street’s DeFi adoption bids for the lending platform token surged dramatically after Bitwise Investments announced an Aave-focused fund for institutional investors. The San Francisco-based asset management firm announced Wednesday last week that it would invest directly in Aave to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and the emerging decentralized finance (DeFi) sector. SEC claims first enforcement action in $30M fraud case involving DeFi project. A Cayman Islandsbased company Blockchain Credit Partners as well as Florida residents Gregory Keough and Derek Acree, alleging they were involved in offering and selling more than $30 million in unregistered securities from February 2020 to February 2021. The SEC alleges that Keough, Acree and Blockchain Credit Partners misled investors to believe that investor assets would be used to purchase income-generating assets such as car loans to generate returns for token purchases, and, when they realized that token volatility made this impossible, used personal funds and funds from a separate company to make principal and interest payments for the mTokens. Swisscom, Switzerland’s largest telecommunications provider, is to launch a Chainlink oracle node to provide data for decentralized finance (DeFi). Oracle service provider Chainlink said Swisscom is the second telecom company to enter DeFi. Deutsche Telekom, Germany’s largest phone company, is already one of the main data providers to Chainlink. The Swiss firm’s digital asset division will head up the program and make sure the oracle node is continuously feeding digital asset price data into the Chainlink network. Headquartered in Ittigen near Bern, Swisscom is 51% owned by the Swiss government and has around 19,000 employees.
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PRESS RELEASE DIRTY FINANCE HITS Q3 ALL TIME HIGH ON CONTEST LAUNCH, STAKING ANNOUNCEMENT
According to Google Search Trends, Bitcoin and Ethereum lead the pack of cryptocurrencies that people search for on Google, but many cryptocurrencies are experiencing a resurgence, and investors hope the possible revived market might signal sustained growth. For example, Dirty Finance ($Dirty:P2PBNB), a small cap ERC-20 token available on P2PB2B.io, Tokpie and Uniswap, recently hit a 43-day all time high after a successful “Who Wants To Be A Dirty Finance Billionaire” contest launch picked up by the global PRNewswire. The contest directly coincides with the release of farming and staking on August 17th, which provides passive income opportunities to holders and stakers of the smart contract enabled toke. The timing seems serendipitous as, the cryptocurrency markets add over $300 million, showing signs of a new bull trend. Based on their roadmap and white paper, Dirty Finance is focused on real world financial innovation in markets such as adult anime NFTs, a surprisingly robust demand according to the millions in volume of monthly searches. In fact, Pornhub listed the search term “Hentai” as the second most searched term in 2019. Cryptonaire Weekly | August 10th 2021
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Dirty Finance turns their sights in the near future to the online gambling sector, using their NFTs in innovative ways including offering NFTs winnings for gambling games, and other real world use cases. Dirty Finance cites online gambling, which is on a course to almost double in global industry growth by 2023 according to Statista.com, as a solid method of delivering long-term value to holders of Dirty Finance cryptocurrency.
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In a recent globally released YahooFinance / PRNewswire.com article, the owner of Dirty Finance, Billy Wizz, states: “We’re using the concept of the NFT artistically, but we’re also empowering the NFT with innovation such as within an online casino we’re developing, which we hope to be profitable and provide value to our token holders.” says Billy Wizz, founder of Dirty Finance. According to its official Twitter account, Dirty, as it’s traded by, recently hit a 43 day all time high after the launch of a well received “Billionaire” contest at DirtyFinance.com promoting new passive income blockchain technology.
Dirty staking and farming, as the technology is called, is scheduled to debut on August 17th after a marketing blitz including a New York Times Square Billboard proclaiming “The Secret Word Is… DirtyFinance.com.”
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The contest allows contestants to earn over 500 chances to win by entering and completing tasks to learn about cryptocurrency and sharing posts over social media. Featuring 11 prizes totaling 2 Billion—yes, Billion with a B—of its ever decreasing, thus the more scarce volume of Dirty coins, some contestants seem optimistic about the chances of winning. One Reddit user posted the motivation for joining the contest on the Official Dirty Finance Reddit page: “Once I am a #DirtyFinanceBillionaire I am going to buy this snake and name it Noodle.” Another Reddit.com user said “If I become a billionaire I’ll buy a desert island and live like Robinson Crusoe =).”
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While motivations may vary, other better known cryptocurrencies are also on the rise recently. The price of Bitcoin has seen a sharp 32% increase since July 21st, 2021, up over $14,000 to just over $43,600 at time of writing, according to CoinDesk.com. Ethereum, which is powered by smart contracts and currently being optimized as a more environmentally friendly blockchain platform than Bitcoin, which coins like Dirty Finance are actively building on, is also seeing a rebound. Ethereum prices are up since July 2th, 2021 according to CoinMarketCap.com Dirty Finance plans on utilizing the new efficiency of the optimized Ethereum blockchain for their staking and farming, which will allow for investors to pledge up to 2 Billion Dirty Coins, providing liquidity for the currency, and reaping rewards, named fittingly, DirtyCash. 200 DirtyCash tokens will be available to all stakers and liquidity pool stakers aka farmers, while NFTs will start below 200, so that any holder and staker of Dirty to a certain threshold, will be able to buy NFTs with their DirtyCash.
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NFTs earned through Dirty Finance staking and farming can be held, or at anytime, placed on NFT markets such as OpenSea.io, and sold, thereby generating passive income. The first Dirty NFT sold recently this month, validating this use case, and foreshadowing the growth of the Dirty Finance ecosystem. For more details, please refer to the articles on Dirty Finance Medium blog, or connect with an admin and the community live, 24-7 at their telegram: https://t.me/DIRTYFIN
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Bitcoin, Ethereum, BNB, Cardano, XRP, Dogecoin And Uniswap growth have all contributed to a recent $300 million dollar addition to the cryptocurrency market, according to Forbes.com.
While there is no telling what the future may hold for any cryptocurrency, if the price of Dirty Finance hits a mere 1 cent in USD, the winner of the DirtyFinance.com “Who Wants To Be a Dirty Finance Billionaire” contest might have enough money to buy an island, and a snake, and name it whatever they want.
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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300. Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR 3684 infrastructure bill currently being considered in the U.S. Senate. Even though Bitcoin price continues to surge higher, investors are worried that regulation could erase the recent gains, but derivatives indicators show no sign of confidence from the bears. The proposal mandates that digital asset transactions worth more than $10,000 are reported to the Internal Revenue Service, including validators, miners, and protocol developers. However, Senator Cynthia Lummis and Senator Pat Toomey are lobbying to focus those requirements exclusively on brokers and the exchanges. Read more...
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Crypto Coin Listings Exploded in 2021
Data aggregators have listed more than 2,000 new crypto assets in the first half of 2021. In the first half of 2021 data aggregator CoinMarketCap added 2,655 new crypto assets to its database, bringing the total number of listed coins to 10,810, according to data shared with CoinDesk. For perspective, in 2018, during the peak of the initial coin offering (ICO) boom, CoinMarketCap listed its 2,000th asset on its website. This year “saw a Cambrian explosion of new crypto assets largely as a consequence of several tailwinds,” said Aaron Khoo, head of listings at CoinMarketCap, referring to the evolutionary event that took place 541 million years ago when large numbers of new organisms seemingly burst into existence. Read more...
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SUBME – AN INVESTMENT TOOL THAT DISRUPTS THE SUBSCRIPTION MARKET!
The subscription business has increased dramatically in recent years, with some regions reporting a nearly 100 per cent increase. Consumers today want personalised, frictionless, and flexible products and services. Observing the current subscription sector, one can conclude that it is no longer restricted to magazines and newspapers but has expanded its network to include media, entertainment, consumer goods, and businesses. Consumer preferences are shifting toward hassle-free shopping, free delivery, and immediate gratification. All of these objectives are met by the subscription model, which provides value to customers with minimal effort and provides enormous growth potential for subscription-based organisations. Until recently, subscription models were limited to sports membership, magazines, and cable television. However, the internet and technologies such as cloud computing have completely changed the game, and this is precisely where Subme plays a crucial role. Subme is a new crypto project that aims to transform the world of subscription. The market for Subme grows at even faster rate as the entire e-commerce business as the subscription industry growth was more than 100% yearly for last 5 years. The Subme ecosystem enables users to create subscription offers for multiple subscriptions while saving money and time. So, if you’re interested in cryptocurrency investing and want to make payments through bitcoins for your subscriptions, you should take advantage of the Subme.
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WHAT IS THE SUBME INVESTMENT TOOL, AND HOW DOES IT WORK? Subme can be utilised as a crypto investment tool in conjunction with one of the most powerful crypto investing strategies available is Dollar Cost Averaging. It is a strategy for reducing price risk when buying investments such as stocks, mutual funds, or cryptocurrency investing. Rather than investing in a single item at a single price, dollar cost averaging allows you to divide the amount of money you want to spend and buy little amounts of the asset over time at regular intervals. This reduces the danger of overpaying for an investment before market values fall. Of course, prices do not always shift in one direction. However, splitting your purchase into many purchases increases your odds of paying a lower average price over time. Furthermore, dollar cost averaging allows you to put your money to work regularly, which is important for long-term investment growth. The most sensible strategy to become a crypto investor is to invest regularly. The Dollar-Cost Average Bitcoin method purchases a set quantity of BTC every month, week, or day over an extended period of time. The only problem with this plan is sticking to it and remembering to invest. Subme promises to simplify DCA by offering an Investment Subscription. The crypto world provides an excess of chances relating to capital freedom and the industry’s everchanging character. Subme will be able to provide crypto membership sales with their partnership with Bitcan, Central Europe’s largest cantor. Users will be able to buy BTC with fiat money on a recurrent basis with the help of their partner Bitcan. A certain quantity of cryptocurrency will be sent to the user’s wallet. You can imagine not having to worry about your investment and simply cashing out when BTC reaches its all-time high or when you are satisfied with the profit. Although you need a lot of patience to get the results, this is a long-term investment that is highly strategic. When you buy additional shares at a low price, your average cost per share decreases over time. And even if you start with a tiny stake, it’s a means to slowly but steadily create riches.
A BRIEF OVERVIEW OF SUBME’S BUSINESS MODEL The Subme business model is set up in such a way that you will be rewarded for each subscription. The margin and the category level of the service or product determine the subscription category. Subme offers low-cost items and services to its users since it delivers a steady stream of money to the goods’ supplier. Subme will create its first fulfilment centre in 2022; the shipment cost might be substantially lower than consumers who opt to obtain more than one subscription product. Users can benefit from a 3% cashback in the form of Subme Cash when they purchase a membership. The Subme crypto token ($SUB) can be easily withdrawn and sold on the open market. Aside from that, there’s a chance they’ll be able to put that money towards their next subscription.
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The remaining 470 million tokens will be the native tokens of the Coop Network. Also, the BEP-20 tokens and ERC-20 tokens can be easily exchanged for GMD tokens through the token bridge. The starting price of 1 GM equals 0.018 USDT. So, if you are interested in cryptocurrency investing and the Coop token model, then the Coop Network is a good option for you.
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Every crypto investor can enjoy staking, which is why Subme has decided to allocate 10% of the subscription cost to rewarding long-term investors. Subme has also set aside 5% of his earnings for charitable and environmental causes. Subme employs a game theory optimisation approach to maximise demand for Subme Cash by utilising the subscription price collected. This will be accomplished in part by using the charge collected, which will be used to purchase Subme currency on the open market. Each quarter, 5% of Subme’s total sales will be incinerated. This will lower the supply of Subme tokens and increase demand until 44% of all tokens are purchased back. Nonetheless, Subme members will have the opportunity to contribute regularly to the foundation of their choosing. They can subscribe to nearly anything, even being a decent person. Subme is a subscription-based e-commerce platform connected with Bitcan/Ari10, Coinpaprika, and MetaMask. Subme will also pursue a listing on the Centralised Exchange or CEX. Other industry extensions will be considered, and products such as cosmetics, novels, and audiobooks will be included in the platform. The company plans to launch its online subscription by the end of the first quarter of 2022. They plan to integrate Lightning Network and add an AI module to its business structure in the second quarter.
IS SUBME COMPATIBLE WITH CRYPTOCURRENCY AND TRADITIONAL FINANCE? Subme, as a global platform, provides services to its users for all kinds of investing, including cryptocurrency investing and traditional finance investments. Subscriptions are quickly becoming the most popular payment method globally, and even the most established businesses are adapting (like Photoshop). Subme Cash has devised a strategy to revolutionise the subscription economy. Subme is a project that aims to transform the way we think about e-commerce by integrating the worlds of cryptocurrencies with the flourishing subscription economy. Subme can be utilised as an investment instrument and a subscription platform for receiving your favourite product/service. Using the world’s most powerful cryptocurrency investing approach, Dollar Cost Averaging, a crypto investor can earn enormous profits in just one year with a monthly investment of $100. The project’s initial cooperation was formed with Bitcan, one of Europe’s largest fiat to crypto exchanges, enabling future subscription purchases using crypto at Subme considerably easier and without KYC. Subme Cash is another way for Subme to participate in the cryptocurrency investing market. Cryptocurrency is only one part of the Subme finance system. The platform also has a subscription model for traditional financial investment. The DCA approach works well with various financial products, including stocks, bonds, and exchange-traded funds (ETFs), while exposing you to minimised risk. As a result, the same subscription concept may be applied to both crypto and fiat currencies. Users of Subme can thus save for retirement, purchase other financial goods, or plan for their next vacation. So, if you’re a crypto investor or prefer to utilise fiat cash, you may put money aside for your next vacation, and the money will go to your preferred travel agency. After the subscription time has ended, you will be able to take your long-awaited trip to your favourite destination at extremely affordable prices. Cryptonaire Weekly | August 10th 2021
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WHAT IS SUB CASH TOKEN? Sub Cash is a BEP-20 token issued on Binance Smart Chain with the name Sub Cash. The SUB token is considered the heart of the Subme ecosystem. Subme customers receive SUB tokens in the form of a cash refund provided by the Subme platform. From an investor’s perspective, the SUB token provides an opportunity to gain exposure to Subme’s sales revenue, as 5% of it will be utilised to purchase back SUB tokens from the market every quarter. The Subme Cash token is a BEP20 token that will power the Subme economy. According to Subme, a portion of the fees is collected when buying a single subscription or a “subscription basket”. This fee portion will be used to repurchase the Subme Cash token from the market. Furthermore, the demand for the token will grow as the number of products, services, and subscribers grows, even without factoring in demand from investors and traders looking to speculate on the price. The Subme app enables users to save time and manage their spending in a variety of ways. Subme uses the AI (Artificial Intelligence) module to recommend products to consumers based on their previous purchases. As a result, users learn about products and services that they might be interested in purchasing. It allows a crypto investor to reduce the cost of their purchases while also receiving cashback in SUB currency, which has the potential to grow value in the future (5 per cent of quarterly earnings will be used to buy back $SUB tokens from the market).
HOW CAN YOU BUY SUB CASH TOKEN? The public sale of the Subme.Cash tokens finished already, and the project Token $SUB will be listed soon on Pancake Swap. Stay tuned for the exact date with the SubmeCash twitter profile.
CONCLUSION The e-commerce and subscription sector is rapidly expanding, and it is expected to exceed $4 billion by 2020. Subme, for example, can be a game-changer in this situation. Subme is the world’s first subscription platform that allows consumers to subscribe to tangible things and services. A crypto token investor can create their own and exclusive subscription packages with the Subme ecosystem. It simplifies their daily lives and serves as an all-in-one app. As a result, Subme platform customers don’t have to remember to buy consumable products every month. They are also not compelled to set appointments for any recurrent services or to save for the future. The Subme platform allows users to manage their apps and subscriptions while on the road, including Spotify, Netflix, HBO GO, Tidal, Photoshop, and Microsoft Office 365. It should be emphasised that keeping track of these subscriptions is tough, and one is prone to forgetting about them. As a result, crypto investors may find themselves paying for services that they do not use. Users may do all of this in one place with the Subme ecosystem. Therefore, it wouldn’t be wrong to suggest that Subme can reshape and disrupt the whole subscription sector. It makes it simple to subscribe to physical and digital items, allowing users to save money and time and simplify their lives while being crypto-friendly.
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Coinbase Adds Option To Buy Crypto With Apple Pay, Google Pay To Follow
Crypto continues to see tremendous growth these past weeks. Prices of coins have soared across the board as sentiments continue to skew in the positive. Investors seem to be pouring back into the market, with the market showing patterns that indicate current buy pressure trends are higher than sell pressures. Accumulation patterns continue to show that investors are hoarding their coins instead of selling, as exchange reserves continue to plummet across the board. More good news continues to rock the market as crypto prices remain in an uptrend. Coinbase recently announced that its users can now buy coins on the platform using Apple Pay. This method was previously unavailable to customers. But Coinbase had, in June, earlier said that users were now able to use their Coinbase crypto card on Apple Pay and Google Pay. This was a welcome development as it opened up new ways that crypto enthusiasts could use their crypto cards out in the world. But there still was no option to use Apple Pay to buy crypto, until now.
Coinbase Adding More Payment Options The move by Coinbase is part of its efforts to add more safe and secure ways for its users to buy crypto. Adding payment options like Apple Pay ensures that users do not have to go through long processes just to get crypto-assets. And what’s more, Apple Pay remains one of the most trusted digital wallets presently. Read more...
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Audi to debut its limited-edition NFTs on xNFT Protocol
The German automaker will release the NFTs on 10 August in a joint venture with FAW-Volkswagen Audi is set to unveil limited-edition non-fungible tokens (NFTs), the German automobile maker has revealed. The company will collaborate with xNFT Protocol, a decentralised network platform that allows for the creation and exchange of NFTs, Audi said via a post on its Weibo account. xNFT also confirmed the move via Twitter. In its announcement, Audi released a 15-second video that highlighted the limited-edition NFTs on offer. The manufacturer also revealed that the collectibles will be a joint venture with FAWVolkswagen, a group that manufactures the Audi and Volkswagen passenger vehicles targeted at the Chinese market. xNFT Protocol is one of the leading non-fungible token ecosystems, with its collaborations with DigiCenter, Larva and Dark Horse among other ventures seeing it command a significant share of released NFTs. According to the news release, the German car maker's NFT collection will debut on Tuesday 10 August, adding to the growing ecosystem that has seen major global brands and personalities digitise unique items by putting them on the blockchain and digitally signing them. With the blockchain industry seeing massive adoption across the globe, the use of the underlying technology to create, mint and exchange NFTs is getting more widespread. The past few months have seen a resurgence of interest in NFTs after an initial spike in 2020 and early 2021. Read more...
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WORLD MOBILE TOKEN: REBOOTING TELECOMS THROUGH BLOCKCHAIN AND THE SHARING ECONOMY
In this world of modern connectivity, World Mobile Token is going further than ever before. WMT is developing a technology mesh network using a hybrid spectrum, renewable energy, and blockchain. All transactions on the blockchain occur on the Earth Nodes, which are the heart of Word Mobile Network. Furthermore, the network is secure and sustainable for the next generation as well. WMT makes peer-to-peer payments and peer-to-peer transfers easy for users. As part of the WMT blockchain, WMT holders can stake tokens and become Earth Node operators. The node will receive rewards for each transaction processed. A cryptocurrency investor can invest in this utility token to own part of the network. By sharing the network with its users, World Mobile reduces operational costs and allocates resources more efficiently. WMT, Cardano-native token, can only be received through a Cardano wallet.
HOW DO YOU OWN PART OF THE WORLD MOBILE NETWORK? As part of the sharing economy model, World Mobile seeks to reduce the high operational costs that current operators deal with daily. The WMT network operates and maintains the network with community partners, thereby reducing operating costs. For a centralised network operator, analysing the demand and capacity requirements has never been an easy task. World Mobile allows stakers and local business owners to earn revenue for securing and operating the network. Cryptonaire Weekly | August 10th 2021
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Word Mobile Token makes use of Blockchain technology to ensure transparency, privacy, immutability, faster settlement, and security. Furthermore, it allows for scalable, continuous fundraising due to the distributed ownership of the network. As a result of token economics, stakers are rewarded automatically.
HOW DOES WORLD MOBILE REWARD NODE OPERATORS? World Mobile rewards node operators for securing and operating the network. As the network grows, node operators will earn rewards. Earth Node operators are rewarded in WMT for the following: TRANSACTION FEES Token owners will receive rewards if they stake their WMT and run an Earth Node or join a stake pool. World Mobile Chain will have aggregate revenues equal to the aggregate fees from node operators. Because WMT node operators are independent, all token holders may stake their tokens and join their pool. With each transaction, they will receive WMT. Furthermore, token holders can compete with one another by staking their tokens through nodes. To compete for token holders, node operators must disclose how much they plan to charge per transaction. Additionally, it would benefit the node operator if token holders invested a more significant percentage in the node. As a result, the higher a node operator’s stake is, the more likely he will be chosen by the system to process transactions and thus earn a higher reward. THE INFLATION REWARD WMT allocates 29% of its aggregate supply to inflation rewards. Operators and stakeholders will each have access to it. Additionally, the system will reach no inflation in year 20 as inflation reduces over time, meaning higher rewards at the early stage of the network. In this way, risk and reward are balanced between node operators as the network matures. INCENTIVES FOR OPERATING EARTH NODES Earth Node Operators must stake 100,000 WMT in order to participate in the network. Earth Node operators manage stakes for token holders who lack the technical expertise or tokens to operate a node. After deducting their operating costs, the Earth Node operator will share any rewards allocated to them. Moreover, users get rewarded for services offered by network operators, such as voice and text. INCENTIVES FOR OPERATING AIR NODES Air Node operators are incentivised to provide Internet service in areas that do not have it currently. There are incentives based on how much time is spent on the network. Regulations in the country where the node is located stipulate that rewards should be paid in a stable local currency. Air Nodes are classified according to the percentage of the service provided by each node.
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INCENTIVES FOR OPERATING AETHER NODES Aether Node operators earn rewards based on the amount of data they process. Aether nodes are required to have a minimum number of 1,000,000 tokens. The rewards are distributed using the local, national currency as per the local regulations.
HOW DOES THE WORLD MOBILE ECOSYSTEM WORK? World Mobile is a demand-driven ecosystem built on the sharing economy.The goal of World Mobile is to build the largest mobile network in the world, offering universal, affordable, high-quality connectivity at the lowest price and fastest speed. Currently, they aim to connect the unconnected in Africa and beyond. For World Mobile to accomplish these goals, blockchain is implemented in the telecommunications industry. It reduces Capital Expenditure and lowers prices relative to traditional telecom companies. The reduction of CapEx will facilitate reaching the 4 billion unconnected users. Previously, these users could not be served by the telecom industry. Additionally, WMT enables billions of people to access financial services, education, and commerce worldwide. THE WORLD MOBILE SOLAR-POWERED MESH NETWORK The World Mobile solar-powered mesh network can support both cellular and broadband connectivity. WMT is built on Cardano, which is the most cost-effective and environmentally friendly blockchain option. The Cardano blockchain also offers these benefits: PROVIDING TRANSPARENCY Using blockchain technology, World Mobile creates a transparent and easy-to-access database of key information. Blockchain technology makes network management easier. PROTECTING YOUR PRIVACY WMT leverages blockchain technology to make privacy a key feature of its platform. Data about users is secured with public/private key infrastructure, with their metadata stored in distributed vaults across the network. QUICKER SETTLEMENTS The solution that has fast settlement time is crucial to operating an efficient sharing economy. It will build user trust rapidly since they will no longer be reliant on bureaucratic processes. The introduction of blockchain technology to the World Mobile network ensures the security of all users’ funds and the ability to withdraw them at any moment. The use of smart contracts increases the efficiency of World Mobile’s communication network. By using blockchain and the sharing economy, World Mobile intends to disrupt and reboot the telecom industry.
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HOW DOES THE WMT NODE QUALITY GRADING SYSTEM WORK? Grades are assigned to nodes based on their quality. The quality and incentive management system is used throughout the solution for managing operators’ performance. The quality and health check parameters are calculated using historical data, including local latency between nodes, jitter checks, packet loss, upload, download speed tests, etc. All node operators can see the quality grade for each of the nodes that details these parameters openly. All grades previously scored for each node are stored in the WMT node grading system. There is a hardware fingerprint that identifies these grades.
WHY SHOULD YOU BECOME A NODE OPERATOR ON THE WORLD MOBILE NETWORK? You’ll help revolutionalise telecoms and connect the unconnected! Node operators validate, secure, and authenticate the network. Operators are in charge of processing transactions made by users. The World Mobile network model consists of three nodes: Aether Node, Earth Node, and Air Node. EARTH NODES Earth Node operates the core logic for all the others. Modules of the Earth Node are connected to the Internode API, which provides communication between subsystems and nodes throughout the network. API functions as a link between the DID, telecom, and blockchain modules. The Earth Node provides communication between the Air Node, Aether Node, and Third-Party Applications as well. Earth Nodes serve as validation and security points for the network. An Earth Node can consist of just a computer and the internet. Users can earn World Mobile Token as rewards for taking part in the sharing economy. AETHER NODES Considering Aether Nodes are connected to legacy telecommunications networks, every country needs one of these nodes. The operators of Aether Nodes must possess licensing and meet local regulations to operate. Operators of Aether Nodes earn rewards for completing traffic, and these rewards are given in the local currency under local regulations. Nevertheless, WMT can be converted to cryptocurrency in countries where it is legal. AIR NODES As the signal is received from the previous nodes, the Air Nodes provide wireless Internet to the local users. To access the network, the user must first connect to an Air Node. After sending the authentication credentials to the Air Node, the Earth Node then sends them to the Internode API, which handles all communication between the nodes.
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The Air Node collects the user’s service usage, and the request is sent to the Earth Node, where it is validated and processed. Once the transaction has been validated, it is sent to the Cloud Node. Upon connecting with the Air Node, a user is provided with the ability to browse available services, see account balances, and monitor bandwidth usage. The local currency is used to allocate Air Node rewards. Air Node rewards can also be converted to World Mobile Tokens if it is legal in your country to do so. WMT is primarily used to reward token holders that want to support the World Mobile Network. There are rewards for every node operator based on their performance. Users can stake their WMT to earn rewards. Users of World Mobile Token enjoy fast transaction speeds (TPS) and low transaction fees.
WORLD MOBILE TOKEN SALE World Mobile Token Ltd, which is enabling a new global mobile network built on the sharing economy, announces the launch of its utility-based World Mobile Token (WMT) on the Cardano blockchain. The company aims to raise 40 million USD within the first five weeks of the public sale on top of the 5 million USD it has raised privately. The sale started on July 5 and will close on August 16 at 11 a.m. UTC. Tokens can be purchased with ADA, BNB (BEP2), BTC, DAI (ERC20), or ETH.
CONCLUSION World Mobile aims to connect the unconnected through blockchain and the sharing economy. By owning and earning WMT, you help bring the Internet to areas where there has previously been no connectivity. Local network operators in Africa will earn stable coin for bringing the Internet to their community. World Mobile understands the traditional telecom model is limited and needs rebooting in order to connect nearly four billion people left offline. There are only two weeks left of the WMT sale. Join now to own a part of the network. Buy Tokens: https://worldmobiletoken.com/
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Circle (USDC) Looks to Become the First Stablecoin Issuer with Full Banking License
On Monday, Jeremey Allaire, the co-founder and CEO of Circle, announced his intentions of becoming a global digital currency bank to enable frictionless, instant, and nearly free payments. Launched three years ago, Circle is the issuer of the fast-growing stablecoin USDC, which has a market cap of nearly $27.78 billion. USDC now accounts for 24.45% of the stablecoin market share, up from just 8% a year back. With digital currency and blockchain infrastructure's long-term positive impact on the world becoming increasingly palpable, “Circle intends to become a full-reserve national commercial bank, operating under the supervision and risk management requirements of the Federal Reserve, U.S. Treasury, OCC, and the FDIC,” he said. Recently, Circle issued its transparency report that showed that 61% of its reserves are held in cash and cash equivalents. At the same time, Yankee CDs, US Treasuries, Commercial Paper, Corporate Bonds, and Municipal Bonds & US Agencies make up the rest of the reserve breakdown. As a step towards becoming a bank, as we advance, Circle will also publish information about the fundamental liquidity of USDC and its liquidity coverage under Basel III. Basel III mandates that 1:1 dollar liquidity is provided to depositors even during infrequent high-stress periods in a 30-day stress case. Read more...
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UK’s Standard Chartered to Offer Crypto Brokerage Services in Ireland
British bank Standard Chartered will offer cryptocurrency broker services in Ireland through its Zodia Custody subsidiary. The digital asset custodian will focus on signing up institutional investors in the Republic which has become a European base for many financial institutions and crypto companies.
Standard Chartered to Provide Crypto Custody to Institutions in Ireland Zodia Custody, the Standard Chartered Bank’s crypto brokerage, is planning to offer its services to institutional investors in Ireland, the Irish daily Independent revealed on Sunday. The company operates as an exchange and brokerage for cryptocurrencies and other digital assets. The crypto custodian platform was established late last year by the U.K. bank’s SC Ventures subsidiary and U.S.-based wealth and asset management firm Northern Trust. Both parent companies have already invested heavily in blockchain services in the past few years, the newspaper noted. The joint venture specializes in managing investments in digital and crypto assets for financial institutions. It has already onboarded a number of pilot clients since its launch in December 2020. The new entity applied for registration with the U.K. Financial Conduct Authority (FCA). According to a statement released at the time, Zodia will provide custody services for a number of cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ripple (XRP), and litecoin (LTC). Standard Chartered motivated its decision to create the platform with increasing institutional interest in digital currencies while noting that institutions accounted for only 9% of crypto investments. Read more...
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WASDER ECOSYSTEM – AN ECOSYSTEM DESIGNED FOR GAMERS!
There are around 2.7 billion gamers on the planet. However, it is still unclear if the gaming industry has its own social media platform based on cryptocurrency. So, how many feeds would you have to go through to find the information you need? Wasder ecosystem aims to target this area by offering a gamified, token based ecosystem. It is a platform where you can play individually or as a group and have a chatroom where you can make friends. If this makes you curious enough to want to know more about Wasder, you’re in for a treat.
WHAT IS THE WASDER ECOSYSTEM, AND HOW DOES IT WORK? Wasder is a social gaming platform that combines cryptocurrency with social gaming to enable gamers to embrace their passions. Wasder is a gaming ecosystem powered by Defi that partners with GALA GAMES, RAZER, Ethereum, Polkadot, and Binance smart chains. It also increases the number of ways gamers can connect, discover, earn and express themselves. With Wasder, gamers can instantly find other players to play online games using the Wasder matchmaking feature. The matchmaking feature enables users to find other users to play online with. Additionally, Wasder also has a discover feature that lets users discover exclusive content, including clips of your awesome gaming exploits.
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WASDER ECOSYSTEM: HOW DOES IT WORK? Wasder is quite different from traditional gaming platforms. The platform combines both traditional gaming and digital gaming, along with decentralised cryptocurrencies. There are also some interesting additional features. The following features describe what makes the Wasder ecosystem unique. THE PROFILE The focus of everyone’s attention is on your profile. You can make it unique by including your favourite games. You can share about yourself, customise your profile, and showcase your favourite games and achievements so you can be known. The Party Play feature makes it easy for you to find others interested in your games once you upload them to the platform. They have also announced “The Game of Wasder”, which features fully interactive profiles where you can showcase your cool NFTs. WITH PARTY PLAY, YOU CAN PLAY TOGETHER You can get to know new people and have fun playing your favourite games with them. The purpose of Party Play is to simplify matchmaking. The best matches will be found using parameters for games, platforms, and regions, which will allow you to discover new pals within a nontoxic and safe environment. You can view a complete list of available players and see your best matches. In addition, you can pair up your colleagues with the same rank if you’re playing competitively. THE FEED Wasder will allow users to share and discover interesting videos of gamers, gifs, images, links, and more with thousands of other users. The app also offers users the opportunity to go live on social media networks like Twitch to broadcast their gameplay. TAKE PART IN THE DISCUSSION Using your feed, you can share your interests and learn about people who care about them. If you want your content to reach the right audience, you can tag it. You can upload your favourite meme and share your day. In addition, you can personalise your feed according to the games you like. ASSEMBLE YOUR TEAM There will be a Friends Hub in Wasder, so you and your friends will be able to explore. It’s easy to keep up with what your friends are doing and join in on the fun. As you’ll be able to see what they’re doing through their activities, you’ll be able to share your gaming enthusiasm with them.
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COMMUNITY EVENTS The gaming community plays a major role in the success of any gaming platform. The goal of gaming is to beat your opponents. That way, gaming keeps its community connected by allowing them to play together whenever they want. All users welcome, regardless of their role or game preference, whether they are Twitch streamers or in the rocket league bracket.
WASDER TOKENS: WHAT ARE THEY, AND HOW CAN YOU GET THEM? The native token of the Wasder platform is $WAS and will serve as fuel on the platform. The Wasder gaming crypto token ecosystem was designed to encourage its users to keep using and testing its existing features. This is a circular economy that offers a variety of engaging methods to earn and spend best gaming coins. Their team is actively searching for ways for content creators to get compensated by fans. But, of course, as something circular, this implies that Wasder will come up with ways to give back to fans and the community. WAS tokens are currently available in two locations. Therefore, they need to have a cryptocurrency wallet. Uniswap and Zero are good cryptocurrencyexchanges where users can buy Wasder tokens. Furthermore, it will be easy to obtain WAS crypto gaming tokens if users have experience investing in cryptocurrency like Ethereum. Around 69 million tokens are distributed every month from a supply of one billion. The Wasder ecosystem, in general, is striving to offer customers better spend and ways to earn Wasder’s best gaming coins. WAYS TO SPEND -Users can use $WAS gaming crypto tokens to participate in VIP events (i.e. influencers, e-sport teams, streamers and NFT tickets). -The user can also spend $WAS on the platform to purchase avatars, frames and badges, NFTs, and customised looks for their profile. -Users of the platform can also tip or pay their favourite content creators with $WAS tokens. This encourages creators to create content on the platform. -Players can spend $WAS tokens to challenge other players to a game battle. WAYS TO EARN -It’s possible to organise tournaments and events and invite all your friends (and enemies). -The Wasder Gaming Platform also lets users earn rewards and money on community leaderboards. -Battles and tournaments provide rewards in $WAS for people who defeat other community guilds. Cryptonaire Weekly | August 10th 2021
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-The newly announced Game of Wasder will allow users to earn tokens based on participation and usage, f.ex. daily and weekly quests, certain actions etc.
HOW TO BUY WASDER TOKEN $WAS Wasder tokens $WAS are currently only available on the Ethereum blockchain network. $WAS is a multi-chain project, which will be accessible on all decentralised chains such as Binance Smart Chain and Polkadot shortly. At the moment, you can buy $WAS on two exchanges and directly from your private wallet. If you’re new to crypto and want to buy a $WAS gaming crypto token, we suggest using Metamask or Ledger wallet if you’re going to use the desktop version. If you have a smartphone including iOS and Android, we recommend you use Trust Wallet or Safe Pal Wallet to store and/or buy $WAS tokens. Currently, $WAS can be bought or sold on two platforms: “ZERO” Z, powered by Defi and Uniswap. Now let’s look at where you can buy them: -You will need the Smart Contact address to purchase $WAS Token -You need to visit this link: https://wasder.gg/token-info/ -There are links to Smart Contracts here and on the next page -The Smart Contract address should be copied and pasted on to Uniswap token pair, select ETH, and click on Swap -After the transaction confirmation, your tokens balance will reflect in your wallet.
STAKING TIERS IN WASDER – DETAILED OVERVIEW In total, there are five pools where tokens can be deposited, each with a different set of awards and prizes. However, the ERC20 tokens are the only ones eligible at this time. The first phase of the pools have been locked, and a second phase has been announced. The tiers below are for the first phase. BRONZE TIER Bronze tier lock-up is 30 days, which means there is a 1-month lock-up. Stakeholders in the Bronze tier of the lock-up program will get up to 10% APY. There is a limit of 7.5 million WAS tokens per pool. SILVER TIER Users can earn 25% APY if they lock their tokens for more than 60 days. The maximum number of WAS tokens in a pool is 7.5 million. The first 1,000 users who are the first to lock 5,000 tokens in this pool will receive a Limited-Edition Screensaver from Wasder.
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GOLD TIER The company is offering 50% APY for tokens locked for 90 days. WAS tokens may be pooled up to 15 million at a time. If you lock 150,000 or more tokens, you will receive fast verification and a verified badge on the platform. PLATINUM TIER If users lock their tokens for 180 days, they can earn 75% APY. The maximum size of the pool is 15 million WAS tokens. NFT Token Reactions will be given to the first 5,000 individuals securing this tier of locking 5,000 tokens. DIAMOND TIER Users can earn 100% APY on their tokens by locking them for 365 days. The maximum size of the pool is 20 million WAS tokens. All expenses for one user who locks 800,000 tokens or more will be covered, and the user will spend three days and three nights at the Wasder HQ, designing their own feature!
BENEFITS OF TOKEN WASDER STAKING The result of staking their tokens is pretty straightforward. As rewards, you can expect to receive prize tokens from staking. A distinctive feature of Wasder staking is that it is both simple and secure. After users stake, they receive their rewards. Staking your Wasder gaming crypto token will give you the following benefits:
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LIQUIDITY STAKING Despite being a gaming platform, Wasder still allows users to provide liquidity and earn rewards. The liquidity stake ensures a pair of tokens is liquid, such as $WAS-ETH, and in the case of Uniswap, there is a reward for depositing and holding tokens. The staking time is taken into account when calculating rewards. In addition to the staking fees/liquidity charges on Uniswap, Wasder Liquidity will also use its staking program with o.exchange. The Wasder tokens will be distributed monthly for the first two months based on all the pool members’ percentage stakes in the staking pools. EPIC REWARDS FOR LOCK-UP STAKING The length of time that a staker locks tokens will determine how much reward they receive. There are different levels of lock-up offered by Wasder, with different annual percentage yields. In general, the more long-term a stakeholder invests, the more money he/she will earn. PROVIDING REWARDS FOR THEIR PARTICIPANTS They do not need to be big-league players; Wasder will reward them simply for belonging to the Wasder ecosystem. The reward will be given to everyone who locks their tokens for a specific period. Their serviceability will be enforced after the rewards are granted. REWARDS FOR WASDER TOKEN STAKING Staking Wasder tokens and accumulating them certainly has its benefits. Here are the bonuses that users will earn if they meet the requirements. THE WASDER NFT SCREENSAVER LIMITED EDITION Within two months, it will be available to the first 1,000 holders of 5,000 tokens. The winner will then receive a legendary Wasder NFT Screensaver Limited Edition 1/1000. The delivery is scheduled to begin around the middle of July, according to Wasder. THE WASDER TEAM E-SPORTS JERSEY You can buy the jersey once you lock 50,000 tokens in 2 months for 50 locks. The company will also provide stakeholders with their own brand E-sports jerseys. VERIFICATION CUTOFF You can receive this reward if you lock 150,000 tokens in 3 months and are among the first 100 people. Then they will be instantaneously verified since the line will be cut. A maximum of 100 people can be verified per verification requirement. VIP GOVERNANCE SLACK CHANNEL This offer is for the five first to lock 4 million tokens in 3 months. They can access all Wasder managers directly as their reward. Cryptonaire Weekly | August 10th 2021
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NFT TOKEN REACTION This offer is available to the first 1,000 customers who lock in 5,000 tokens for six months. After that, their reaction bar will be upgraded with the limited edition $WAS coin reaction NFT. The delivery date of the end of August has been established. NFT CUSTOM REACTION The reward is available to the first five people who lock 150,000 tokens within six months. Afterwards, they will be allowed to make their own customised reaction. BECOME MYSPACE TOM It will be available to the first person who locks 10 million tokens in a year, and their reward is the first friend suggestion for everyone.
SUMMER UPDATES FROM WASDER Wasder’s summer update accelerated the development of several features and the growth of the community. The Wasder community gained over 200,000 new members in the past couple of weeks. They gamified their platform in a brand-new way that no one had ever done before. PART I OF WASDER SUMMER UPDATES The primary goal of Wasder is to bring gaming closer to individuals. With the latest update, users will be able to play, chase and win competitions while meeting new friends. Furthermore, they organize big prizes for content creators. Their ecosystem includes all the features that you would use in an online game, such as daily challenges, monthly competitions, handmade quests, in addition to guild against guild championships. Gamers who achieve perfect scores will be able to earn WAS tokens as rewards. PART TWO OF WASDER’S SUMMER UPDATES Wasder provides gamers with the ability to create collectibles and treasures. On Wasder, users can use WAS coins to make their identity on the platform. Furthermore, users can build up their own personal castle to store all of their trophies and gear using the WAS coins they gain from quests and achievements. The platform’s community shop sells cool collectibles and creator pieces. In the early bird program, Wasder launched “The Founder’s Run Period” which offers an exclusive opportunity to earn WAS coins before anyone else.
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CONCLUSION Overall, the Wasder ecosystem is a soon-to-be giant platform for gamers. There are a lot of adventures in it, and it definitely deserves a look. It seems well thought out what rewards and prizes there will be and the stakes and tokens. Their close relationship with cryptocurrency investment makes them a gaming platform of the future. Within a short period of time, we may see a Wasder ecosystem interacting with Discord and Twitch. Additionally, Wasder will gain popularity and become the largest gaming ecosystem soon with the ability to purchase gaming characters using $WAS tokens and the earning feature with influencers and content creators. Don’t miss out on this opportunity, or you’ll regret it forever!
Cryptonaire Weekly | August 10th 2021
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CRYPTONAIRE
WEEKLY CRYPTO investment journal
Dogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence
Is meme momentum back in full swing? DOGE’s uptick is ahead of the market, while a token burn seemingly gives SHIB a bump. Dogecoin has seen a 27% price bump over the last week, greater than Bitcoin or Ethereum in the same span. Meanwhile, Shiba Inu is up 24% this week after the developers “burned” about 3.6 billion of the tokens on Saturday. Meme coins and tokens like Dogecoin and Shiba Inu ruled much of the conversation around the early-year crypto market boom—but when the market spiraled in May, their respective prices fell harder and faster than most contemporaries. However, with the market currently on the upswing, those volatile assets are now rising faster than many others. Dogecoin’s price is currently up 27% over the last week, according to CoinGecko, currently sitting at a price just above $0.26 per coin. It was briefly higher over the weekend, reaching $0.27 on Saturday—the highest price seen since late June. Compare that to a 16% rise in value for Bitcoin over the last week as well as 24% for Ethereum, the latter of which was seemingly boosted by last week’s London hard fork network upgrade launch. Read more...
Cryptonaire Weekly | August 10th 2021
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WEEKLY CRYPTO investment journal
Cryptonaire Weekly | August 10th 2021
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CRYPTONAIRE
WEEKLY CRYPTO investment journal
It’s Not Over Yet! More Senators Come in Support as Crypto Continues to Fight Back
Over the weekend, the Senate voted 68-29 on the controversial bipartisan infrastructure bill to end the debate. However, the crypto community remains hopeful that the bill might get the amendment before the final vote on Tuesday. Kristin Smith, Executive Director at Blockchain Association, said,
“The Senate can do almost anything by unanimous consent (UC). So if there is a deal, we could see a compromise incorporated. So it’s not over yet.” Senator Ted Cruz (R-TX) also spoke out in support of crypto as he tweeted, “Crypto got screwed tonight,” late on Sunday. Bypassing the bill as it is, the Senate will inflict billions of dollars of damage on the “growing & exciting” crypto industry and end up driving much of it overseas when not even a couple of Senators understand much about it, he said. Cruz tweeted,
“What the Senate said tonight: Let’s tax the hell out of something we know nothing about, so we can pass a giant bill we haven’t read and spend the American people’s money on stuff we can’t afford. It’s reckless & harmful.” Senator Rob Portman, who helped with the creation of the bill and then later came up with his competing amendment that first excluded PoW miners and then PoS miners, also came in support of exempting miners, validators, stakers, developers, and node operators from the definition of a ‘broker’ on the Senate floor on Sunday. Read more...
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WEEKLY CRYPTO investment journal
Ethereum network burns $395K ETH per hour after London upgrade
At current burn rates, 2.3 ETH per minute, or $6,600, is going up in smoke. Approximately 2.3 Ether (ETH) is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on Thursday. The highly anticipated London hard fork went live on Thursday this week, ushering in the Ethereum Improvement Proposal (EIP) 1559 upgrade that adjusted gas fees. Part of that adjustment introduced a mechanism that burns some of the base fees collected. The total amount of ETH burnt since the upgrade went live is roughly 3,395 ETH, according to the various counters available. Etherchain reports an average burn rate of 2.36 ETH per minute. This equates to $6,596 per minute, or around $395,000 of ETH going up in metaphorical smoke every hour at current prices. An alternative counter called Ultrasound.money reports a total burn of 3,390 ETH worth a whopping $9.5 million at the current ETH prices of around $2,800. The tracker reports that the popular nonfungible token marketplace OpenSea is the top ETH burner with 374 ETH, or just over $1 million dollars, destroyed since the upgrade was launched. In second place was Uniswap’s v2, which has burned 263 ETH, worth $740,000 at the time of writing. Uniswap founder Hayden Adams commented on the burn rate stating that if things continue at the same rate, the protocol could burn as much as 350,000 ETH, or almost $1 billion, per year. Read more...
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Cryptonaire Weekly | August 10th 2021
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WEEKLY CRYPTO investment journal
Elon Musk Calls For Careful Consideration In New Crypto Regulation Bill
The new crypto infrastructure bill going in front of the House has been at the forefront of discussions in the crypto market lately. Regulation continues to be an important topic in the market. As country after country tries to put out regulation in favor of or against crypto. This has so far led to some interesting developments in regards to crypto regulation. Some countries are openly against cryptocurrencies, in the case of India. While others have openly embraced them, like El Salvador. The U.S. is now next in line, it seems, to have regulations mapped out for crypto. An infrastructure bill was proposed to the House to this end. A bill which Brian Armstrong, Coinbase’s CEO, ended up making a Twitter thread, calling it a “disastrous” bill. The bill has not been popular amongst crypto investors. U.S. Senator Mike Warner recently proposed an amendment to this bill. An amendment that would see the House deciding which technologies were okay to be in the market. And also which technologies were not.
Coinbase CEO Reacts To Crypto Bill Amendment Coinbase CEO, Brian Armstrong, took to Twitter to combat this amendment. The CEO explained how this would be detrimental to the whole of the cryptocurrency industry. Calling the bill a violation f the rights of Americans. Read more...
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WEEKLY CRYPTO investment journal
Cryptonaire Weekly | August 10th 2021
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CRYPTONAIRE
WEEKLY CRYPTO investment journal
Poloniex Settles for $10 Million with SEC for 'Aggressive' Listing Policy
Crypto exchange Pononiex has settled for $10 million with the U.S. Securities and Exchange Commission for selling digital securities. From July 2017 through November 2019, the SEC alleged that the Seychelles-based crypto exchange facilitated the buying and selling of "digital assets that were investment contracts and therefore securities." Poloniex didn't admit or deny the SEC's findings. Securities are investment contracts—assets that provide investors with reasonable expectations of profits, like shares in a company. You have to get a license to sell them in the U.S. Poloniex told applicants who wanted to get their token listed on its exchange that it "cannot list any token that resembles a security,” and requested that applicants of assets that could constitute securities submit memorandums from lawyers. But internally, around August 2017, Poloniex said it wanted to be "aggressive" in listing new assets, including those that might be considered securities, to increase market share, said the SEC in its court order. "This resulted in Poloniex making available for trading on the Poloniex Trading Platform digital assets that were investment contracts under Howey, and therefore, securities," said the SEC, without mentioning which assets constituted securities. Read more...
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WEEKLY CRYPTO investment journal
Cryptonaire Weekly | August 10th 2021
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WEEKLY CRYPTO investment journal
NFT Gaming Explodes, With Axie Infinity Surging to $1,000,000,000 in Sales
Play-to-earn game Axie Infinity (AXS) just breached $1 billion in all-time sales, adding to the surging popularity of games based on non-fungible tokens (NFT). The online video game developed by Sky Mavis allows players to generate profits through buying, breeding and selling digital pets known as Axies. Each Axie is minted as an NFT, enabling players to verify the authenticity of the digital creature in the blockchain. According to NFT analytics site CryptoSlam, Axie Infinity has made over $1.04 billion in all-time sales with over 2.4 million transactions, pushing the gaming platform to the top spot of the NFT collectibles space. CryptoSlam also shows that most of Axie Infinity’s sales happened in the last 30 days, with 239,283 buyers purchasing close to $750,000 worth of Axies. The game is also seeing an exponential rise in user adoption. On June 8th, Sky Mavis reported that the number of daily active users (DAU) on Axie Infinity hovered around 110,000. Now the developer says the game’s DAU has exploded to over 1.02 million, representing an increase of nearly 830% in just two months. Amid Axie Infinity’s rapid rise in adoption, its native token AXS continues to be a bright spot in the NFT space. CoinMarketCap shows that AXS has rallied from a 30-day low of $14.19 to a high of $53.28, marking a surge of over 275% in just one month. Read more...
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Cryptonaire Weekly | August 10th 2021
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WEEKLY CRYPTO investment journal
Several Crypto Mining Stocks Up Sharply as Bitcoin Rises Above $46K
The increase also came at a time when bipartisan support emerged for excluding miners from being considered “brokers” in the U.S. infrastructure bill. Crypto mining stocks rallied on Monday on the recent rise in bitcoin’s price, as well as on support for an amendment to the U.S. infrastructure bill that would specifically exclude miners from additional tax reporting requirements. BIT Mining (BTCM), CleanSpark (CLSK) and Bitfarms (BITF) were all up double-digit percentages on Monday, rising around 21%, 12%, and 11%, respectively, while Riot Blockchain (RIOT), Marathon Digital Holdings (MARA), Hive Blockchain Technologies (CVE) were also up 8%, 5% and 7%, respectively. Argo Blockchain (ARBKF), which reported earnings early on Monday, however, was down 2%. “Mining stocks currently are levered plays on the price of bitcoin (BTC, +5.39%),” said Michael Del Grosso, an analyst who covers Riot Blockchain and Marathon Digital Asset Holdings at Compass Point Research. “All of that is occurring while the hash rate is relatively muted … because of the Chinese miner disruption, which is still taking months to shake out.” Bitcoin was up 6% over the last 24 hours, rising from around $43,600 to more than $46,000. The rise in mining stocks also comes at a time where bipartisan support emerged for an amendment to the U.S. infrastructure bill that would exclude miners from being considered “brokers” under the crypto tax reporting provision of the bill. The U.S. Senate, however, rejected the amendment in a vote on Monday afternoon. Read more...
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Singapore to License Digital Payment Providers, Approves Crypto Exchange
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say.
Digital Payment Service Providers to Be Authorized to Operate in Singapore The central banking authority of Singapore has informed digital payment service providers that it’s going to license them to operate under its jurisdiction. MAS told “several” out of 170 applicants it’s “prepared to grant them payment services licenses,” as long as they implement measures to meet its requirements, the regulator confirmed to South China Morning Post’s ‘This Week in Asia’ edition. Two applications have been rejected so far and another 30 withdrawn for failing to meet anti-money laundering standards. The news comes after the Australian cryptocurrency exchange Independent Reserve announced earlier this week it had received an “in-principle approval” from Singapore’s monetary authority for a license as a regulated provider of digital payment token services. The trading platform noted in a statement that it’s among the first virtual asset service providers to receive such approval in the city. Read more...
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Ukraine could legalize Bitcoin payments after proposed crypto bill
Ukrainian government drafted a roadmap for the integration of crypto into the country’s economy. After the crypto draft bill is adopted, Ukrainians will be able to legally hold, exchange, and spend cryptocurrencies like Bitcoin (BTC), a government official revealed. Besides allowing payments in cryptocurrencies, the Ukrainian Digital Transformation Ministry proposes lower crypto taxes as the new legislation seeks to pave the way for the industry to enter the country.
Creating a market for crypto services The new crypto draft law will make cryptocurrencies “a completely legal and common phenomenon for the government and the society,” Ukraine’s Deputy Minister of Digital Transformation Oleksandr Bornyakov told the financial publication Minfin. According to Bornyakov, who perceives crypto as the future for both his country and the world, the Ukrainian government doesn’t want to “hinder the development of this new industry by overregulation.” Bornyakov expects the development of an entirely new market for crypto services, with the new legislation allowing Ukrainians to legally exchange and declare their crypto holdings. Read more...
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Cryptonaire Weekly | August 10th 2021
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