Is the close correlation between crypto coin prices in the current market simply a sign of HODLers clinging to their assets and only conservatively trading when all signs point to yes, or the result of larger forces at work manipulating the market?
Extreme Correlation Since February
Twitter analyst CryptoRae recently posted a long thread using a method of cross coin correlation to examine the how close the peaks and troughs of cryptocurrencies have become across the graph. In the thread, CryptoRae explains the formula for calculating cross coin correlation or CCC “by averaging the correlation for every coin pair in a set“.
The thread then explains that this shows how all the coins of concern have behaved over a period of time with one clean charted line. For instance below is the cross-correlation for 25 coins since January 2017.
You calculate CCC by averaging the correlation for every coin pair in a set. The benefit of using CCC is that it provides a clean line that describes how markets have behaved in over time. Here's the cross-correlation for 25 mid-to-large cap coins (30D rolling, realized). pic.twitter.com/pxw0rJhbxB
— CryptoRae (@cryptorae) June 3, 2018
This graph shows that cross coin correlation had hovered between 0 and .20 from the end of the bull market in December 2017 to the start of the market correction in early February and then skyrocketed to nearly 1.00 and has stayed in the area between high .60 and just over .80 throughout May. Though CryptoRae concludes that cross coin correlation is not a good market predictor it is a useful tool for understanding future market behavior.
Who Benefits from CCC?
In CR’s opinion keeping a diversified portfolio in a tightly correlated market makes little sense as all coins are following the movement of the top few. Buying altcoins that simply follow the peaks and troughs of Bitcoin for instance only leaves the trader open to the risk of the altcoin without gaining the benefits of open market potential. As the Tweeter commented in the thread,
” it’s important to be more concentrated in high conviction setups. When alts truly come back, it’ll be easy to make up for lost time.”
What the poster doesn’t attempt to answer is the reason behind the increased correlation since February. The mention of emotion, of fear and exuberance, as driving factors in the volatility of the market, is well noted in the crypto world. FOMO sets in and a coin or the market spikes, FUD spreads and the opposite happens but can that explain a sudden .80 increase in coin correlation that sustains for four months?
Most traders in the crypto world believe that the market is manipulated to some degree by exchanges and or holders of extremely large amounts of Bitcoin who can change trends with a few clicks of their mouse. For the moment the who and why behind the close correlation of coin movement remains unknown and HODL may remain the best trading advice until the graphs decouple.
NEXT SHIB: Next generation MEME token about to go public!
DeFi’s newest cutest meme token announces the launch of its public sale. The mascot of the new, ultra-fast ultra-cheap NEXT Smart Chain has arrived.
Deflationary on every transaction (5%) and with no other tax, no team tokens, and starting with a very low market cap, this meme token is lifting off to visit its Nextronaught NFT siblings in orbit (#Nextronaughts are coming down to play in the #Nextverse very soon!).
In recent years meme tokens have emerged to become more popular than many mainstream cryptocurrencies, thanks to their unique mass appeal. NEXT SHIB is the newest entrant into the meme coin space so far ruled by DOGE and Shiba Inu. The tokenomics and the underlying operations of NEXT SHIB, however, differ vastly from the rest of the meme coins, powering NEXT SHIB with rocket fuel. The token follows a deflationary model where the total supply of 100 billion tokens deflates every time a transfer is made, but with no other reservation of tokens for any purpose other than to permanently lock its liquidity (yes permanently!). It also has a low initial market cap of less than $500K.
This ensures a steady growth in value and wealth accumulation possibility for early adopters. The private presale was a success and the public sale opened today, until the end of January. NEXT SHIB token is available on the Ethereum Network (ETH), Binance Smart Chain (BSC), and on its own native NEXT Smart Chain (NSC).
The blockchain built for scalability
The NEXT Smart Chain is a third-generation blockchain network that has clear advantages over Ethereum and Binance Smart Chain. With a clever combination of Directed Acyclic Graphs (DAG) and Byzantine Fault Tolerance (BFT) technologies, the network manages to achieve a speed of 300000 transactions per second (yes 300K tps) and a persistently low transaction cost of circa $0.0001 per transaction – the lowest fees in the current market.
NEXT Smart Chain is fully compatible with the Ethereum Virtual Machine (EVM), so all ERC-20 tokens and decentralized applications can function on the NEXT Smart Chain (yes – all DAPPS will just work). Just like NEXT SHIB, the NEXT Smart Chain (ticker: NEXT) has a very low market cap of less than $1 million and a fixed token supply of 30.3 million NEXT, while its competitors reach over $1 billion in market cap.
The unmatched scalability and transaction speeds offered on this blockchain make it the ideal network to deploy the next generation of NFT and NEXT Metaverse projects. With NFT gaming and trading within the Metaverse becoming the highly anticipated products of Web3, projects using NEXT Smart Chain will be poised to uniquely benefit from its robust underlying architecture to provide a healthy user experience to early adopters. The smart chain will launch with over 200 independent validators, making it a very decentralized and secure blockchain.
With the launch of the NEXT SHIB once the public sale completes, NEXT Smart Chain will transform the market as a center of excellence for metaverse innovations & crypto projects.
The future is bright – come and see what’s NEXT !!
Osmosis Closes $21M Token Sale to Make Interchain DeFi Go Superfluid
Osmosis is a first-of-its-kind automated market maker (AMM) that marks a foundational shift in how liquidity providers can benefit from Interchain DeFi. The Osmosis Foundation today announced the close of its first fundraise – a token sale from the foundation treasury – led by Paradigm. Also participating are Robot Ventures, Nascent, Ethereal, Figment and Do Kwon. The funding will help the Osmosis Foundation grow the Osmosis protocol. Osmosis allows users to compound yield by leveraging Osmosis’ novel innovation called Superfluid Staking; eliminates miner extractable value; and provides greater latitude for developers to innovate within DeFi given the flexibility of the Cosmos SDK.
“Osmosis is our first AMM investment outside of the Ethereum ecosystem. The Osmosis contributors are a world-class team of engineers, product innovators, and operators bringing the right product to market at exactly the right time,” said Charlie Noyes, investment partner at Paradigm. “The launch of IBC, Cosmos’ cross-chain interoperability protocol, kicked off a Cambrian explosion of developer activity and experimentation. Osmosis is the natural center of gravity for liquidity in Cosmos’ emerging DeFi ecosystem.”
Osmosis ranks #1 among Cosmos Inter-Blockchain Communication (IBC)-enabled chains by number of IBC transactions, comprising over 42% of all IBC transactions made across the entire ecosystem. The DEX itself has seen a near-exponential growth rate in total value locked on-chain, exploding to an unprecedented $500M TVL within 4 months of being launched.
Osmosis is launching innovative AMM features which are uniquely possible given Cosmos’ focus on sovereignty and permissionless interoperability. Osmosis runs as an application-specific chain (“appchain”) which provides the flexibility for defi innovations which are not possible on a shared virtual machine.
One unique feature is Superfluid Staking, which eliminates the tradeoff between token holder yield and network security. Token holders typically must choose between staking yield or liquidity yield, which presents a tradeoff for proof of stake protocols whose security relies on tokens being staked. With Superfluid Staking, LPs can stake their LP tokens on Osmosis, thereby earning pro rata staking rewards in OSMO such that token holders can compound staking and liquidity yields – while the network suffers no reduction in security.
Osmosis also will incorporate MEV-resistance by implementing instant block confirmations, making the DEX a fairer platform for token holders. Osmosis users will be largely protected from frontrunning risks that plague similar AMMs running on Ethereum and other L1s, whose transaction processing permits miners or validators to cherry pick transactions.
“Osmosis started as a proof-of-concept collaboration between many independent contributors to the Cosmos ecosystem,” said Josh Lee, Director of Osmosis Foundation. “We got our momentum by winning the 2020 Cosmos hackathon, HackAtom V. Since then, we’ve taken it from an idea to a $2.2B market. We are excited about the future – both providing liquidity to the rapidly expanding Cosmos ecosystem, as well as contributing novel DeFi innovations to the overall blockchain community.”
Mars4: Highly Liquid MARS4 Dollars and First-of-a-kind Revenue Generating Mars Terrain NFTs
The red planet is a mystery to man and his obsession with it has created many legends and myths over the centuries. As the US’s Perseverance rover lands on Mars and drills its first Martian rock core for NASA, interest in Mars is at an all-time high, and pioneers are dying to stake their claim on the Red Planet’s soils.
A meaningful approach for the visionary is to speculate on Mars’s value. You can do this by participating in the Mars4 non-fungible token (NFT) and land plot sale running on Ethereum.
What is Mars4?
Mars4 is a Metaverse ecosystem where you can explore a geographically exact virtual Mars, own and customize your land with MARS4 dollars and even reap the rewards of the world’s first revenue-generating NFT. The Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification and Token Redistribution.
Mars4 is a unique metaverse. The Mars4 project’s development team has modeled their detailed 3D map of Mars’ terrain based on the latest data from Mars and other space agencies. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map.
How does Mars4 work?
Mars4 leverages token yield farming and gamification elements to create an attractive decentralized finance investment option. Additionally, Mars4 helps space exploration enthusiasts explore the red planet via its virtual platform.
Inside its metaverse are diverse adventures and fun activities that will keep its community-engaged as they generate passive income from its NFTs. The Mars 4 project has three fundamental elements.
- Its interactive Mars terrain 3D world is subdivided into plots. Each Mars4 NFT is a digital representation of these plots.
- A utility and governance token system that supports user incentives, transactions, trading, gaming and NFT minting processes.
- The Mars4 liquidity mining feature for NFT holders.
Mars4 virtual world
Its 3D virtual world is Mars4’s gamification aspect. Through it, you can explore Mars and buy land as NFTs. These NFTs will earn yield via the project’s liquidity mining feature. Mars4 has 99,888 unique and rare Real Estate NFTs that symbolize Mars’ rovers landing sites and its most popular geographical features.
Each land parcel measures 559 square miles. On purchase, terraform your land to increase its value. You can purchase additional value-enhancing avatars, certificates, and logos from its in-game assets feature.
Mars4 utility and governance system
You can buy Mars4 land parcels with MARS4 tokens at its public sale. There are 4 billion MARS4 tokens that are used to mint the platform’s 99,888 NFTs. Already more than 50% NFTs are sold.
MARS4 tokens will play a key role in the metaverse’s transaction processes. Each time users perform a transaction, the Mars4 NFT holders will earn a yield. The project’s protocols will reward NFT owners for holding their units.
Before the launch of Metaverse, epochs were introduced to redistribute passive income for Mars landlords. The scarcity model was designed to provide a yield for NFT owners as soon as possible, as there are no transactions until the game is launched. After TGE event, MARS4 dollars will be integrated and extremely high transaction volume is expected.
Each Epoch starts after a new batch of 10,000 NFTs are sold. 51% of income from the Land NFTs are redistributed to the previous NFT owners, starting in Epoch 1. As more than 50,000 NFTs were sold already, Mars4 entered the first epoch on September 24th 2021.
Moreover, the scarcity model means the price of the Mars Land NFTs increases as supply decreases, making it a win-win situation for existing land holders to attract new participants to the economy to increase the capital appreciation of their NFT land holdings and reach the next Epoch sooner.
NFT holder incentives will grow after each epoch and even more later as the metaverse’s transactions increase. Mars4 NFTs are therefore an excellent long-term investment prospect and are available on the Mars4 Ecommerce site.
Mars4 explodes on MISO Launchpad
MARS4 tokens were listed on Sushiswap’s MISO launchpad from September 15th to 24th. In the private and public auctions for MARS4 tokens the minimum raise was collected in the first 45 minutes!
In the format of batch auction, participants contribute to the pool. A set number of tokens are then divided amongst all the contributors to the Market event, weighted according to their contribution to the pool.
Two auctions were organised with a total of 40 million MARS4 tokens. Mars4 exploded on the MISO launchpad with a 13 times larger amount raised than the minimum raise.
The demand for Mars-related NFTs will rise as more exploration reveals Mars’s mastery. Mars4 NFTs are a rare combination of the NFT benefits of proof of ownership of something both scarce and beautiful, and passive income generation.
Unlike other NFT projects, Mars4 has revenue assurance from its NFT yield generating protocols. It is therefore not just an artistic and exploration medium for content creators, individuals, and businesses, but an excellent source of passive income.
Republic Capital-Advised Crypto Fund Invests in AVAX’s $230M Private Token Sale
A fund managed by an affiliate of Republic, the multi-asset investment platform, announced today an investment in AVAX’s recent $230 million private token sale, alongside lead investors Polychain and Three Arrows Capital. The investment in Avalanche’s token sale marks a major milestone for Republic Capital, the asset management arm of Republic and its R/Crypto Fund I.
Republic’s crypto advisory and development team (Republic Crypto) began their journey with Ava Labs through Avalanche founder Emin Gün Sirer, guided by the shared vision of building an alternative chain designed specifically for digitizing assets, one that would focus on speed and lower transaction costs. Over the course of two years, Republic Crypto has worked closely with the Ava Labs team making strategic introductions and advising on the tokenomics of the AVAX token, ultimately assisting with listing the token on public exchanges. The token is currently listed on over 70 exchanges and has increased from $2.79 per token to over $65 with a market cap over $13 billion.
Avalanche is considered one of the fastest smart contract platforms in the blockchain industry. Ava Labs, the team behind Avalanche, is focused on digitizing all the world’s assets. Proceeds from the private sale will be used to support the Avalanche ecosystem, which includes 300+ popular projects that already run on other blockchains such as Tether, SushiSwap, Chainlink, Circle and The Graph. Topps, an NFT-based game with partnerships with Major League Baseball and Bundesliga, is also using Avalanche.
Proceeds from this sale will also be used to support other Ava Labs Decentralized Finance projects and enterprise applications through grants, token purchases and other forms of investments. These are all opportunities for expansion that could double or triple the potential applicability of the protocol.
“Our model at Republic Crypto is to work with crypto companies from the earliest days and advise them on how to grow and scale,” said Andrew Durgee, head of Republic Crypto and member of the Crypto Fund’s investment committee. “Our work with Avalanche demonstrates the power of that strategy.” He mined his first bitcoin in 2010. Republic Capital and Republic Crypto are affiliates of Republic, the multi-asset investment platform backed by Binance and Galaxy Digital. Republic Capital, a SEC-registered investment adviser, is the adviser to the R/Crypto Fund I and is managed by Boris Revsin.
For additional information, please visit: www.republic.co/crypto
ARNO Announces Second IEO Plans After the Great Success of First One
ARNO, the nanotechnology-based secondary energy storage service provider that also offers investment opportunities through its Defi Integration has completed the first IEO round with an overwhelming response. The project exists in the real world with a fully operational business model, making it an even better investment option in the Defi sector. At the moment, the ARNO Token project has started and continues the procedure for carrying out the IEO, which is primarily due to the collection exceeding the most optimistic forecasts during both pre-sale phases.
The first round of the IEO was quite successful and the second round began today. ARNO can still be purchased on the website. In the second round of IEO, which will also last a week, the cost of ARNO increased to $3 per token. After the IEO has passed, from August 29th, The project will begin preparations for the exchange listing procedure. Investments in ARNO Token are investments in the high-tech production of really necessary products. The profit of the project is guaranteed by the access to the invested funds and the physical growth of the volume of the project’s capitalization.
The ARNO project is preparing to distribute a little less than 900,000 ARNO tokens to investors’ wallets. Not all of them were sold – some of them are bonus and referral accruals, the AirDrop program, and Bounty, but we can say with confidence that the amount before IEO is more than 800,000 USD. Of this amount, about a quarter went to the IEO and listing procedures. Not only on those four exchanges where IEO will take place now – CoinsBit, P2PB2B, IndoEx, and VinDax, and this amount will increase by one and a half times, unfortunately – large exchanges take large amounts.
What Makes ARNO Investment Worthy?
ARNO has chosen a path less taken and developed a technology using carbon nanotubes to help exceed the battery life of existing lead-acid batteries. The project is working towards the creation of the production of secondary energy sources for industrial and home use based on lead-acid battery cells using carbon nanomaterials. The final product can then be used by technologists to store energy, improve efficiency, increase the capacity and life of the batteries, and more. Manufacturers of electronic products, hybrid vehicles, and power systems are also benefiting from the technical practice, which allows them to create more flexible and high-performance offerings for their end-users.
The project has started a series of development workshops and factories after gaining approval from the Bulgarian government. ART, Monbat (Bulgaria) 35%of which belongs to ARNO’s management company Advanced Carbon Materials (also Bulgaria), received the premises and customs documents, as well as a complete line for dispersion and activation carbon nanomaterials. ART Monbat received the first batch of 135 kilograms of consumables, which will allow, after assembly and start-up and commissioning works immediate start production of products, as planned according to the Roadmap. The products will immediately go for approbation and certification to the parent enterprise for the production of lead-acid batteries.
As soon as the exchanges are ready, users will have the opportunity to withdraw tokens to your personal exchange wallets and these quantities will be honestly displayed. ARNO’s project uses the principles of a decentralized financial market and placement on cryptocurrency exchanges of various structures, so anyone can exchange the ARNO token for another cryptocurrency or real funds. The project began with the creation of supercapacitors with aqueous electrolytes and various installations based on such supercapacitors. Even though the project was crowned with complete success, industrial production did not develop for a simple reason – such devices, despite all their advantages in terms of simplicity of design, safety in handling and during recycling, nevertheless turned out (which is understandable) less capacious and more massive than the supercapacitors we are used to.
The Future Ahead
Once the ARNO token is added to the exchanges, the project team will put up a certain quantity of tokens for auction, and when the tokens are bought by the participants, the team will stop the cryptocurrency input on the present platform for a year. The auction is held by the traders not bearing a relation to the developers. future businesses plan to deliver a broad range of products and solutions to customers in every corner of the globe, serving key industries such as transportation, infrastructure, environment, and consumer. We provide performance solutions that solve customers’ challenges today while preparing them to meet tomorrow’s needs. ARNO’s commitment to innovation is driven by a passion to advance the customers’ businesses through deep understanding of their industries and the global trends that impact their operations.
Operating expenses accounted for more than half of the amount collected during pre-sales. But most (90% approximately) of operating costs are contracts for the design, manufacture, and supply of equipment for the production of carbon nanomaterials. ARNO currently has about 20,000 EURO in the account of the management company and about 120,000 EURO in cryptocurrency (in terms of and at the rate, of course). This is exactly how much we exceeded the most optimistic sales forecasts.
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ARNO Token is a Real Nano Technology Project for Investment
Today, it is vital for businesses to cut and stabilize costs as much as possible. For industrial systems and processes, energy conservation is becoming a top priority. Art Nano (ARNO) is focused on integrating the use of carbon nanotechnology for energy storage and battery improvement technologies at a time when natural and non-renewable resources are rapidly depleting. Aside from depleting resources, energy storage is a significant concern, as the majority of losses occur during storage and transformation. ARNO has created carbon-based products that, when combined with current battery technology, can provide significant energy savings. The business has prioritized expansion and the creation of a decentralized and efficient distribution system that includes defi integration.
ARNO token project is quickly gaining traction as a promising investment opportunity. This initiative is a focused endeavour to finance the implementation of a scientifically sound, cutting-edge technology into long-standing supply chains in order to update existing and outdated systems that haven’t yet lost their utility. The ARNO token is heavily used in the project’s economic framework, and it serves as the centre of gravity for the entire ecosystem. Also, the most widely used cryptocurrencies, such as Bitcoin and Ethereum, would be excluded. In the project and all of its elements, only ARNO will be used. It’s a high-liquidity project that takes place in the real world.
ARNO token has done its utmost to ensure that the actual state of affairs in the project corresponds to the roadmap and preparation that was done at the outset in order to fulfil the obligations to all the partners. The project is on route to meet its deadline and is on track to achieve its target. The truth is becoming more apparent every day as a result of recent events.
ARNO Joins Forces With The German Patent Office
ARNO has signed a memorandum of understanding with the German Agency for the Protection of Rights and Intellectual Property. It is this entity that will represent the entire project’s interests in matters such as patent filings, trademark registrations, and so on. This is a watershed moment for ARNO, the up-and-coming secondary power solution provider using Defi and Nanotechnology.
The incorporation of a German trademark would include much-needed intellectual property registration, enabling them to move forward with the mass production of their carbon nanotubes, which could be combined with existing battery technology. Furthermore, in the future, they will be responsible for filing patent applications, as well as their registration and receipt, trademarks, and intellectual property in general.
Integrated PayPal Payment Option
In the field of partner fees, there have been several improvements. The PayPal-based payment acceptance system is fully operational after almost three weeks of adjustment and clarification of the complexities, which we consider to be a significant accomplishment. This platform now has the PayPal payment option, allowing customers to buy and sell the native token, ARNO token, with ease. Provided that it would work with defi, this would also help them simplify the payment process.
Successful negotiations with Monbat Groups
ARNO is also looking for potential future partners, such as lead-acid battery suppliers, as well as partnering with the Bulgarian government to secure space for the project’s laboratory and production base. In Bulgaria, a management company has already been established to oversee the project’s implementation throughout the European Union’s territory.
Furthermore, in Bulgaria, talks with the Monbat group of companies, one of the largest European manufacturers and distributors of lead-acid batteries, have been fruitful over the last two weeks. An agreement was reached on our project, receiving a portion of the shares in a joint venture for the development of carbon nanomaterials produced by our company at specially designated sites in Bulgaria and the incorporation of technologies developed by us into the final product’s production process.
Samples of the carbon nanomaterials have already been sent for testing, and models of batteries will be manufactured specifically for this project in the near future, with testing of working samples beginning at the factory according to agreed international standards. In addition, the produced samples will be sent to our laboratory for a thorough examination. Furthermore, talks with the Advanced Research and Technologies company are underway to begin designing installations – reactors for the serial processing of carbon nanomaterials that will be used – as well as developing design estimates. This contract is expected to close soon as well.
ARNO is, without a doubt, the future of authentic nanotechnology projects that are ideal for investment. It’s a project with a lot of liquidity that occurs in the real world. The project has already gained traction, and deals are being closed on a regular basis. ARNO Token investments are investments in the high-tech manufacturing of truly essential goods. The project’s benefit is ensured by access to the accumulated funds and the physical development of the project’s capitalization value. ARNO’s promises are becoming a reality with each passing day.
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Meet TABOO, the unique token that gives reward for every transaction
TABOO is a community-led project with absolute rug proof security, allowing all participants to participate in a completely secure ecosystem with a fully locked liquidity pool. They give a portion of each purchase to their faithful holders as a gift. With each transaction, your TABOO tokens will rise!
TABOO holders passively earn tokens by static incentives with a set 5% tax that is allocated to their holders’ ‘TABOO is a deflationary MEME token with a 7% transaction tax. 2 percent is indefinitely burnt from the stock, implying that the quantity of token in nature is still decreasing, making this token more difficult to obtain, raising the token’s price. 5 percent is allocated to all of our holders, implying that the number of tokens in your wallet is constantly increasing!
Team Tokens are secured by a DX auction, and liquidity is secured, providing our investors with complete security.
People behind TABOO
The TABOO team is an entertainment and publishing blockchain platform initiative that uses NFTs to build an inspired and, most importantly, satisfied long term holder!
They are a deflationary meme token that brings you unique never-before-seen uncensored NFT material from world renowned beauties!
TABOO’s staff understands that the fundamentals of a good coin must be MARKETING! They need a crowd whose values are shared, and there is no question that as a group, they will push this coin well beyond the $100 million market cap in no time.
- Launch Website
- CoinMarketCap listing
- Top Tier CEX Listings
- Deploy exclusive NFT content to premium TABOO holders
- Banner ad campaigns
- Glamour model/ pornstar marketing
- Begin talks with leading online adult only websites
How to buy TABOO
To buy TABOO, you must first own some BNB and transfer it to your wallet. TABOO can then be obtained via PancakeSwap.
SEND BNB TO WALLET
1. Login to your binance.com account. select wallet and click “overview”.
2. In your wallet overview, click “withdraw”.
3. Once you’re in the withdrawal menu, select bnb, enter the withdrawal address (obtained from metamask), select binance smart chain as the transfer network, and enter the amount you want to withdraw.
4. After selecting binance smart chain as the transfer network, a pop-up screen will appear. select “I understand”.
5. The next steps are the same as with any other withdrawal. A confirmation screen will appear to inform you about the conversion rate, fees, and to allow you to review the transaction details once again.
6. Once confirmed, you’ll be asked to enter your verification code to approve the withdrawal.
Your transaction will be processed shortly. The funds should appear in your metamask wallet balance (under smart chain) within a few minutes after you receive the withdrawal confirmation email.
BUY TABOO ON PANCAKESWAP
1. Access to www.taboo.community
2. Buy Taboo on pancakeswap
Join TABOO on Telegram
How One Crypto Player’s Winnings have Reached $275k at CryptoSlots in Two Years
Ever wonder if players really do get lucky from crypto casinos? Maybe not all, but we found one CryptoSlots casino player whose winnings have added up to a substantial $275k in wins in just two years of playing ($276,200 to be exact). David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.
Bonus code COINAD100 is valid for 100% match on deposits $25 – $500 until Dec 31st, 2020.
Do you have a strategy?
I only put in what I got out of crypto investing, I don’t play for hours on end – you have to be smart. I won a few thousand on the Jackpot game early on, got a huge win on Olympus High Limit version at one point. With bigger wins I like that I always set the money aside. Quit when you’re ahead.
But a lot of it as learning how the games work. I count the medium wins rather than hold out for bigger ones. And, at CryptoSlots, save up Jackpot Tokens and then play Jackpot Trigger for longer all in one go.
Have you always played online?
I’ve played slots online a lot before – only been to two actual casinos in my life to be honest with you. You have more control over what you’re doing when you’re online.
What do you like about playing with Bitcoin?
When playing at btc casinos, I don’t have to get my bank involved or wait for payments to come through – I know exactly where my money is at all times.
Last but not least, what do you spend your winnings on?
Well some of it goes back into playing, some I keep in crypto, some I spend. Last year we did a trip around Asia. We went jungle trekking in Malaysia, I got my diving certificate in Indonesia, stayed a few days in Singapore. It was out of this world, such a vacation. We were planning on heading to Norway this winter to see the Northern Lights but, unfortunately, that will have to wait thanks to this coronavirus.
When asked about his favorites among Cryptoslots’ Provably Fair casino games, David said he largely alternates between the slots to diversify his crypto bets. So we took a look at his top ten games over the last six months and analyzed his payback ratio on each:
Interestingly, the High Limit games seem at a glance to be most volatile – offering the lowest payback ratio (Vegas Vibes High Limit at 72.5%) and the highest (Blazing Wilds High Limit at 179.1%). His standard video slot play produced more reliable wins but less chance of huge paybacks (e.g. Coin Rush at 105.8% and Vegas Twin at 99%).
Of course, it all depends on how much is bet and for how long the game is played. David bet the least on both Jacks or Better and Pyramid Plunder High Limit – maybe his inclinations warned him that luck was lurking elsewhere, maybe he quit too soon and longer gameplay would have increased his payback ratio! A significant win can make the world of difference.
We always ask our players if they believe in luck, and just like David, most of them tell us it depends on the day. For now, it seems his strategies are literally paying off.
If you’re fan of bitcoin casino games, check out Cryptoslots and take advantage of the 100% match using bonus code OURBTCNOV now.
Celsius contributes the last 25,000 ETH to launch Ethereum 2.0
Celsius, the industry-leading cryptocurrency rewards-earning platform, announced today that it has provided 25,000 ETH to the Ethereum 2.0 platform, giving it enough funds to meet its goal and launch on time. The contribution represents Celsius’s larger belief and support for Ethereum and the future of crypto.
“When Celsius first launched, we looked to Etherum to learn how to create a thriving, robust community,” said Alex Mashinsky, CEO of Celsius. “We built our CEL token on the Ethereum blockchain and used it to scale and become one of the fastest-growing companies in crypto. We are proud to inaugurate the Ethereum 2.0 Genesis and contribute the last building block with 25,000 ETH from the Celsius community and be a helping hand to a company that helped us scale our own project.”
The 25,000 ETH contributed from Celsius to Ethereum 2.0 are from Celsius’s pool of community assets and will be used to generate even higher yield for the community through Ethereum’s advanced blockchain platform. Celsius users can earn up to 7.21% APY on ETH held in the Celsius wallet, and earn rates from 3-15% APY on over 40 additional cryptocurrencies. Celsius also provides 1% APR loans with no origination fees to ETH holders and other asset users.
Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a high compounding reward income wallet and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network
Total Network Services Corp. Closes Series A Security Token Offering
Total Network Services, Corp., a San Diego-based blockchain services company (“TNS” or the “Company”), today announced the close of a Series A round of security tokens. Deal Box Inc., a San Diego-based capital advisory and financial technology firm (“Deal Box”) structured the security token issuance and provided marketing support throughout the offering process.
TNS further announced that it intends to commence a follow-on Series B security token offering (the “Offering”) for up to $25 million. The Offering, which will begin in November, has been set at $1.00 per token with a minimum investment of $25,000, and will be promoted on the Deal Box dlbx.io marketplace.
The Offering will be made solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”). TNS has engaged Vertalo to manage its KYC/AML integration, tokenization and transfer agent service and, on close of the Series B offering, it intends to list on the Tezos XTZ Chain.
TNS intends to use proceeds from the sale of TNS tokens to complete the acquisition of key technology that to date, it has had the exclusive worldwide rights to market under the Digital Names ™ brand, in addition to global OTT network and related assets and intellectual property (“Acquired Assets”).
Thomas Carter, CEO of TNS, stated that “we are excited to have secured the rights to the technology we have been working so hard to develop and commercialize under a marketing agreement. In addition, the proceeds from this planned offering will provide capital that will enable us to launch a worldwide marketing campaign to promote Digital Names and our related service offerings.”
In addition, TNS intends to remain opportunistic in identifying complementary technologies as potential acquisition candidates that will enable it to broaden its solution set and accelerate its growth plan.
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