The concept of finance is not new, it has been in existence since the earliest days of the exchange. Everyone has the opportunity and ability to be successful if they have the right resources, however, one of the most challenging aspects of building a business is financing it and many often struggle in their endeavour to raise the capital required.submitted by Cryptosavvy_001 to u/Cryptosavvy_001 [link] [comments]
Over the years, the concept developed into a centralized system allowing users to trust their assets (money and any other forms of wealth) to 3rd parties with the goal of receiving monthly or yearly interest.
This concept was great while it lasted but as usual, the only thing that remains constant is change.
Cryptocurrency and Blockchain came into existence some years back as a medium to pay for services rendered via digital currency. Bitcoin, the very first Blockchain, was created but served as a one-way payment medium and nothing more. However, developers saw the vision that something more could be achieved using this same technology, but with more features being included. These were called smart contracts.
Smart contracts do not require both parties to be present, they are automated and use real-time data to generate the result.
Ethereum brought this to reality and a few years later, others saw this opportunity and started making use of it to build DeFi apps, which would later become more preferable to CeFi.
Decentralized finance, or DeFi for short, is a general term used to represent financial applications or platforms that are built using one or more Blockchain, that make use of smart contracts to create higher returns on investment.
DeFi alone is a great investment option, but the major challenge it has faced so far is a lack of users or a limited number of users whose sole aim is to increase their vested capital. Up until now, it has not been community-driven, which would create something far greater. Tweebaa intends to achieve this.
What is Tweebaa?
Tweebaa is the world’s only earning commerce platform. Its revolutionary multi-dimensional ecosystem utilizes a value-exchange model and provides everyone with the means and opportunity to generate a substantial income. Tweebaa empowers its users by applying their winning team's proven success methods with “DRTV (Direct Response Television)” and helps bring a global network of traffic to their product or business! Tweebaa has all the great communication features you would want within social networking and of course the best marketplace too! Tweebaa paves the way for users to earn money in a variety of ways whilst also providing the emotional, financial, and social benefits that are often unavailable; all this in one app! Whether you are a business, a student, a seller, a homemaker, an influencer, a labourer, or a contributor to society, Tweebaa rewards you every step of the way!
Over the years Tweebaa has distributed wealth to both investors and users alike via its token called TWEE and has remained at the forefront of trends and latest developments. Tweebaa is going DeFi (TweeB) and promises to create a revolutionary system the world is more than ready for.
What is DeFi?
The definition might vary when asked by different individuals, but they all come back to the same meaning; decentralized means to render services such as lending and borrowing with no 3rd party involvement, restrictions, delays, the line waiting, and long queues.
DeFi is currently the most talked-about project echoing around the crypto space. Many are raving about it, while some are still critical.
DeFi farming has to do with individuals providing some form of liquidity to the market which in turn creates returns and keeps the market active. It gained massive attention when it came into existence and is still active and a hot topic of discussion today.
Tweebaa is introducing a new token called TweeB which included all the features of a DeFi coin. Tweebaa users will be able to explore and make use of this newly discovered global network.
What makes TweeB so unique?
At the moment, decentralized finance is mainly directed to an investor's interest with the sole aim of investing or rather putting in money and waiting for results (short-term). One can argue that it has yet to actually become a general platform when compared to centralized finance like the banking system, which offers services for every type of person. TweeB plans to reach a much wider user base, not only including the general cryptocurrency investor pool, but also the entire global network available through Tweebaa.
Using Tweebaa’s existing community, TweeB will create something that is totally different and rewards all users, both depositors and borrowers.
Whether you provide liquidity, lend to the TweeB platform, or make use of its borrowing services by providing crypto supported collateral, users can yield returns, regardless of which direction they decide to take.
Combining the power of Tweebaa and TweeB, the more TiV a user holds, the more interest they will generate.
What is TiV?
TiV is an influence value, which reflects a user's contribution to the APP. People can increase their TiV by using the app in various ways including; adding and purchasing products, engaging and networking with other tycoons, inviting friends, and more.
There are many ways users can increase their TiV performance
In the field of DeFi in Tweebaa’s ecosystem, the TiV value is similar to the credit value and plays a vital role in relation to TweeBuck (TweeB).
What is TweeBuck and how will users be able to make full use of this platform?
TweeBuck (TweeB) is the next generation upgrade from its token holders. All potential changes, including adding new marks or adjusting system specifications (for example, leverage factors or interest calculations), must go through the proposal and voting process.
TweeBuck (TweeB) is a token which embeds 1:1 voting right to execute composite governance. Token holders of TweeB can simply delegate their voting rights of utility tokens on ERC-20 to their own or other people’s Ethereum wallets address.
How does TweeBuck plan to reward its users?
TweeB is basically a DeFi-based coin and it plans on providing more financial services, when compared to other types of decentralized finance platforms, using the following features and more.
Basically, users will be able to provide TweeB liquidity on a ratio of 50/50 to whichever coin it is paired with, i.e. TweeB/ETH, TweeB/USDT, and more depending on users and what they prefer.
As a liquidity provider, decisions on which pair to trade TweeB with will be totally dependent on users as it should when referencing a decentralized network.
While the above is performed, liquidity providers get returns in TweeB tokens as more swap is carried out.
As mentioned above, TiV plays a vital role when interacting with the Tweebaa platform. The more TiV you have, the more TweeBuck (TweeB) you will receive. The TweeBuck (TweeB) amount received will be based on 60% of the users Twee and 40% from their TiV.
By depositing assets to the Tweebaa platform, users will be able to generate returns that are paid based on the pre-calculated format using different scenarios.
More information regarding this can be found in the whitepaper.
Centralized systems like the banking sector, give out loans to customers and in return, those customers provide collateral which can include land, homes, and other assets. However, the world is going digital and so should borrowing.
TweeB allows users to provide collateral in cryptos like BTC, ETH, and other altcoins which then provide users with the assets they want.
They can provide collateral in BTC and take their desired coin to trade; this can be paid back and their vested collateral closed/removed.
TweeB token omics can be further broken down to self-governance. In terms of DeFi, this simply means users will be able to self-govern the TWEEB platform based on the vested amount they hold. This, in turn, creates a scarcer economy giving more value to the token.
Scarcity is one of many ways to provide value to an asset, take BTC as an example with only 21mil total supply. It has, over-time, created a self-sustaining market which depends on holders and how much they are willing to sell at that point in time.
The same can be said about TweeB. Holders will determine how much they are willing to sell or if they prefer holding it, they will have more scarcity and more value.
In conclusion, TweeB hopes to create a system that is both community-driven and investment-wise, resulting in a system that is far more prevailing than anything currently available.
While the future cannot be predicted, users are advised to carry out their own research before investing.
To increase the awareness of TweeB, different events will be hosted occasionally. To find out more and keep up to date, join the Tweebaa telegram channel(community) if you haven’t already.
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]
What are the effects of the third Bitcoin halving?
How to view the relationship between mining pools and exchanges?
Is the contract a road of no return?
What is the future trend of digital currency?
Q1: What does 58COIN expect from this Bitcoin halving?
Xiao Bei: On the macro level, reduction in the bitcoin production shows a more stable signal to the market. May 12th is the third halving in bitcoin’s history, before it, however, the daily production plunged from 1800 to 900, a reduction of around 30,000 bitcoins in a month. The selling pressure reduced significantly, which leaves the root impact on the gradual stability of the market.
The reduction not only brought us a bull market with a sustainable and long-lasting effect but greater opportunities as well. As an exchange, it should better improve itself and render stable and quality products to users. Currently, 58COIN’s mining pool ranks the top 5 in the world. After the reduction, based on the principle of survival of the fittest, the superior resources will be allocated to a larger and more stable mining farm, and the steady recovery of computing power is also anticipating.
Q2: As an exchange, why does 58COIN occupy more than 10% of the overall bitcoin’s computing power?
Xiao Bei: At present, our computing power share is about 7.8%, ranking among the top five in the world. Our recent goal is to have a stable computing power share of more than 10%.
The mining pool provides the main non-trading BTC source for the exchange, increases the supply of BTCs on the market, and injects liquidity into the market. The top ten exchanges are expected to receive more than 70% of the bitcoin in the mining pool, so all major exchanges have begun to layout the mining pool to compete for BTC.
58COIN has reorganized the layout and started the operation of the new mining pool (58COIN& 1THash) in 2019. We have a mature operation team with more than 6 years’ experience, and hope to better link the upstream and downstream industries in the next stage. This is also an important step in the strategic development of high-quality exchanges.
Q3: For an exchange, liquidity and redemption abilities are the absolute reflection of the user's sense of security. How does 58COIN ensure these two abilities that users care most?
Xiao Bei: In terms of liquidity, first of all, our registered users have exceeded 3 million, which provides sufficient trading liquidity and depth. Secondly, our matching transaction service with constantly upgraded technology and algorithm ensures that each matchmaking time is in the microsecond level, and easily achieve system 10,000-level throughput performance.
Concerning the redemption ability, non-trading digital assets held by the exchange serves as the foundation. The advantages of 58COIN's mining pool have accumulated abundant platform reserves for us. As of now, our risk reserve has exceeded 3.6 billion yuan.
Besides, the Exchange integrates account opening, transaction matching, and liquidation, and plays an important role in the secondary market. Most exchanges lack a high-quality intelligent risk control system, a comprehensive anti-money laundering mechanism, and insufficient open and transparent information disclosure and supervision. There may be acts of forgery of trading volume, joint price manipulation with the project party, and other actions that harm the interests of investors. If the liquidity itself is not good enough, the situation mentioned above is more likely to occur.
Q4: Which section does 58COIN values most? Contract Trading or Spot Transactions? What is the biggest advantage of trading contracts on 58COIN?
Xiao Bei: Both spot and contract boast their own advantages, separately lie in the exchange value through hoarded coins, and flexible use of fluctuations. 58COIN as the main contract exchange, contract trading is definitely our focus. In terms of spot, it is mainly based on mainstream currencies.
Compared with spot trading, the two-direction trading mechanism is more flexible. Also, leverage can increase the utilization rate of funds and amplify the profit, which is suitable for users with fewer funds to trade.
The biggest advantage of contract transactions, in addition to the just mentioned abundant platform reserves, complete risk control and huge user base, there are several points related to the user's vital interests:
It is worth mentioning that in terms of wallet, we implement multi-level and multi-dimensional security risk control strategies such as hot and cold wallet isolation, multi-signature authorization, and regularly change of hot wallet addresses. Meanwhile, a manual verification process was added to ensure the safety of the assets. Since its establishment, there has never been any wallet accident, wallet stolen, or the loss of coin incidents.
Q5: In the contract transaction, what advice does 58COIN give to novice users?
Xiao Bei: Firstly, please remind that contract is not a devil, it is just a tool. What we should do is to make good use of the tool to make profits.
Secondly, the purpose of the investment is to withdraw, and suggestions are shown below:
1. Invest with the spare funds at hand;
2. In the spot transaction, hoard coins in the bear market and exchange in the bull market, do not follow the trend of buying in the bull market;
3. In the contract, set up operation points and positions, and perform secondary operations according to market conditions. (Do not be greedy)
4. Make a risk response plan during the investment process, such as a sufficient margin, value preservation plan, etc.
Finally, we must keep in mind: when doing spot transactions, choose assets with good liquidity in a way to get away from manipulation projects, risky exchanges, etc.
58COIN provides detailed descriptions for each business line, novice users should read them carefully before using. Besides, each contract trading page is designed with a calculator to help provide trading references to users before investment.
Q6: What are the new plans of 58COIN?
Xiao Bei: First of all, we will remain a sophisticated attitude in technology, risk control, and product experience, offering a stronger guarantee for users' transactions; second, we will further improve the ecological layout of 58COIN, from increasing investment in mining pools, gradually optimizing the hot and cold wallet system, enabling entities, focusing on community construction, etc., with better technical upgrades and preparations, to ensure that the entire 58COIN ecology can better link the upstream and downstream industries, providing our users with a more stable ecological background; We will launch some online activities in the near future, covering basic knowledge, candlestick chart learning, and industry analysis. We look forward to making joint efforts with our users in learning and making progress.
Q7: What does 58COIN want to say about the future cryptocurrency market?
Xiao Bei: The real big bonus in the cryptocurrency market has not yet been released, and Bitcoin has more imagination space than gold in the future. The cryptocurrency market is stepping toward a diversified, professional, and tangible direction, requiring more high-quality industries participation and landing. Though it is currently the fastest-growing field, financial attributes should not be the only factor entitled to cryptocurrencies, the future market should be more integrated and serve the real economy, such as the Internet of Things, financial systems, and personal privacy.
For more details, please log in to www.58ex.com or download our app: https://wap.58ex.com/?locale=en.
What is the future of Doge?In the near future, Doge will hit the 100,000 block (I like to call this the Dogevent - the point at which Doge can either make it or break it). after hitting this block, all further blocks will be harder to mine to limit the payout and reduce inflation of an already highly inflated currency. What does this mean? This means Doge will become increasingly more difficult to naturally obtain - Supply becomes Reduced due to low-end miners bailing. this naturally increases value, because the market becomes a primarily trade-based economy, rather than a generation-based economy.
Will Doge Survive to see the Dogevent?Debatable. I know it sounds grinchy, but many new curiosities rocket up post-inception. It's not uncommon to get the "To the moon!" fever, when in reality, it's simply curiosity driving numbers. and much like the cat, curiosity often dies. Right now you can see that after a bubble and a long plateau, Doge is slowly declining steadily due to a mix of little vendor use, large inflation, and heists merely a month after its start. It's kind of clear the whole "To the Moon" thing was merely people checking out what Doge was doing on a coin, and then realizing it wasn't for them.
What about Doge/USD independence?Doge is a Bitcoin dependency, meaning that if Bitcoin crashed this very minute, Doge, along with most other altcoins, would crash simultaneously. Doge can gain some sort of independence from Bitcoin, but it requires a massive raise in value. at this point, Doge is expected to yield a $0.01 value at the Dogevent. as a rough estimate, 1 mBTC currently equals $0.75. so no; it's too long a shot for Doge to be registering on the level of Bitcoin by the Dogevent, but supposing the Doge survives the Dogevent Bail, then it can can be one of the few cryptocurrencies that registers on a flat Coin/USD exchange rate (1 Doge = 1 penny). That would be its first step to True independence; not really too close, but pleasantly affiliated.
Can Doge survive a Bitcoin Crash?Probably not.
So how does Doge bump up rates to healthy levels before the Dogevent?Increase Output Branches: get vendors to accept it. this raises demand, since people WANT IT; it has value beyond tipping at this point. demand raises value.
Bitcoin Mining Rewards . The first 18.5 million bitcoin have been mined in the ten years since the initial launch of the bitcoin network. With only three million more coins to go, it might appear ... Sep 18, 2014 - Photos of Bitcoin mining operations. See more ideas about Bitcoin mining, Bitcoin, Bitcoin mining rigs. Sep 8, 2014 - Explore Thomas Swan's board "Bitcoin" on Pinterest. See more ideas about Bitcoin, Bitcoin miner, What is bitcoin mining. Gpu bitcoin mining rig machine with video graphic cards and crypto currency process on digital monitor computer; Cryptocurrency mining concept with bitcoins on graphic videocard. Home mining farm for bitcoin and cryptocurrency money. GPU Video Graphics Card mining. Home bitcoin farm. Large number of cards for the cultivation of bitcoins ; Home mining farm for bitcoin and cryptocurrency money ... Bitcoin cloud mining or also known as cloud hashing means that a company owns a warehouse (a.k.a mining farm) full of mining hardware and it enables clients to purchase mining capacity or a certain amount of hashrate. Based on the amount of hashing power you are buying you will earn a share of payments from the cloud mining company for any revenue generated by the hashing power you got.
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