DeFi on the rise – uniswap with all-time high

DeFi on the rise – uniswap with all-time high
The DeFi sector is flourishing and with it the prices of the platform tokens.

The Decentralized Finance (DeFi) sector continues to soar. At 26 billion US dollars, the value of the assets stored on DeFi platforms (Total Value Locked, TVL) reached a new record on January 26th.

On the one hand, the new high is due to the recent strong performance of Bitcoin Era. But the platform tokens of the individual DeFi projects also recorded strong growth.

AAVE remains strong

AAVE, the governance token of the crypto lending platform of the same name, only set a new all-time high on January 24th, when it briefly touched $ 280. After a correction to US $ 235, the AAVE price is moving north again. At press time, AAVE is trading at $ 257. This enabled AAVE to grow by 243 percent within 30 days.

Uniswap with a new all-time high

Bull sentiment is not only popular at AAVE. Even at Uniswap, the largest decentralized crypto exchange (DEX), the traffic light has been green for months. Like AAVE, UNI, DEX’s governance token, has grown significantly in value over the past few weeks and months. At $ 12.77, UNI is trading around 265 percent higher than it was 30 days ago at the time of writing.

Uniswap also printed a new all-time high on the night of January 26th at $ 13.01. In contrast to AAVE, the subsequent sales at UNI were comparatively mild. The Uniswap token quickly “recovered” from a drop below the US $ 12 mark.

Maker (MKR) also makes returns in January

Not only the (not quite so) young, wild DeFi projects are currently enjoying enormous growth. The DeFi “OG” Maker (MKR) also shows that it is far from being old. In the home of the decentralized stablecoin DAI, assets worth 4.56 billion US dollars are stored. With 2.7 million units, Ether (ETH) represents the lion’s share.

The governance token MKR has also increased significantly in value in a 30-day comparison. At the time of going to press, at $ 1,362, MKR is trading below the all-time high that MKR, unlike AAVE and MKR, set on January 10 (at $ 1,973). Nevertheless, the value means an increase of over 149 percent compared to December 26, 2020.

Efter massiv Bitcoin Price Boom er her hvorfor februar kunne være meget stor for Bitcoin

Bitcoin har været i en fænomenal tåre de seneste måneder og har tilføjet over 200% siden begyndelsen af ​​oktober (selvom dets enorme rally har udløst alvorlig boblefrygt).

Prisbommen for bitcoin tog bitcoin til over $ 40.000

Prisbommen for bitcoin tog bitcoin til over $ 40.000 tidligere på denne måned, op fra omkring $ 8.000 i januar 2020, hvilket gjorde den samlede værdi af verdens bitcoins mere end Visa V -1,5%, Samsung og Berkshire Hathaway BRK.B -0,5%.

Nu er den største bitcoin-køber MicroStrategy MSTR + 10,9%, ledet af bitcoin-evangelisten Michael Saylor, klar til at være vært for et virtuelt „bitcoin corporate strategi“ topmøde i den første uge af februar – designet til at hjælpe andre virksomheder med at kopiere MicroStrategys bitcoin playbook.

Microstrategy, som nu ejer omkring 70.000 bitcoin til en værdi af lidt over 1,1 mia. Dollar efter at have startet sin bitcoin-købskamp sidste sommer, er vært for begivenheden den 3. februar og 4. februar, hvor tusinder er tilmeldt til at deltage, ifølge Saylor.

„Vi kommer til at have tusindvis af ledere, officerer, direktører og rådgivere for virksomheder, der kommer sammen i den første uge af februar,“ sagde Saylor til CNBCs Power Lunch i denne uge, efter at han afslørede, at MicroStrategy havde købt yderligere 300 bitcoin-tokens i denne uge. under en bitcoin-udsalg, der tog prisen kort under $ 30.000.

„De ønsker alle at finde ud af, hvordan man tilslutter bitcoin til deres balance eller deres PNL. Vi vil offentliggøre vores playbook, al vores regnskabsvejledning, vores juridiske vejledning, alt det arbejde, vi har udført i løbet af måneder for at få klar til at gøre dette som et børsnoteret selskab. Og vi åbner den for open source og gør det tilgængeligt for alle med tanken om at spare dem millioner af dollars i uger eller måneder for at gøre dette til en lettere overgang. „

Mens den fulde liste over deltagere ikke er blevet offentliggjort, blev begivenheden indstillet til at omfatte giganter i bitcoinindustrien, herunder kryptobørs Binance, Gemini og Coinbase. Andre, såsom Mike Novogratz’s Galaxy Digital, der er specialiseret i at investere og udvikle kryptovaluta-relaterede tjenester, vil deltage i bitcoin-makro- og virksomhedsstrategidiskussioner.

Ross Stevens, administrerende direktør for Stone Ridge Asset Management, åbner onlinekonferencen sammen med Saylor onsdag den 3. februar. I oktober afslørede Forbes, at Stone Ridge havde foretaget en bitcoin-investering på 115 millioner dollars.

Bitcoin-prisen har længe været bundet til sin offentlige profil

Bitcoin-prisen har længe været bundet til sin offentlige profil – med bitcoin-medieomtaler og Google-søgevolumen, der nøje sporer bitcoin-pristoppe og trug. Bitcoinhandlere og investorer vil nøje overvåge den kommende konference for overskrifter, der kan skubbe bitcoinprisen højere.

„Denne konference kunne skabe interesse for bitcoin yderligere, og selvom det ikke oversættes til øjeblikkelig prisgevinst, vil det helt sikkert have en positiv, langsigtet effekt,“ Joe DiPasquale, administrerende direktør for San Francisco-baserede bitcoin- og kryptokurrencyafdækning fond BitBull Capital, sagde via e-mail. „Der er også en mulighed for, at hype omkring konferencen kan øge detailstemningen og drive noget detailkøb.“

Bitcoins seneste stigning har sat kryptovalutaen fast på Wall Street’s radar, men Silicon Valley viser også interesse. Jack Dorsey, der i øjeblikket leder både Twitter og betalingsselskabet Square SQ + 1,5%, lavede bølger, da han meddelte, at Square havde købt $ 50 millioner dollars i bitcoin sidste år.

Milliardær Tesla TSLA + 0,2% og SpaceX-administrerende direktør Elon Musk, der har udtrykt interesse for at blive betalt i bitcoin, spurgte for nylig Saylor via Twitter om det praktiske ved at tilføje bitcoin til en virksomheds balance.

„Vi kan også forvente, at andre virksomheder begynder at efterligne MicroStrategys tilgang og investere nogle dele af deres skatte i bitcoin, som MicroStrategys administrerende direktør for nylig foreslog Elon Musk,“ tilføjede DiPasquale.

Os investidores institucionais não aceitarão o Bitcoin convencional – Você irá

Os aplicativos e usuários do mundo real, não os investidores institucionais, desafiarão as moedas fiduciárias decadentes e aumentarão a adoção do Bitcoin em todo o mundo.

Semelhante a 2017 e a popular corrida de touros da criptomoeda, no ano passado criou um novo burburinho no mundo da criptografia e do Bitcoin ( BTC ), em particular

Desde estabelecer novos recordes históricos até fazer várias rodadas de notícias e captar a atenção das principais finanças, o ano de pandemia foi emocionante para os entusiastas e crentes da criptomoeda.

Uma conversa que talvez se destaque em meio ao burburinho é a atividade crescente de investidores institucionais em criptografia. Empresas, consultores financeiros e instituições que zombaram do Bitcoin há cinco anos, ou durante a saga do Silk Road, estão agora na vanguarda dos investimentos em criptografia . Grandes armas notáveis ​​em finanças, como JPMorgan e Goldman Sachs, renegaram suas posições anteriores e agora estão dispostas a fazer uma aposta no futuro das moedas digitais. Com uma capitalização de mercado de mais de US $ 600 bilhões, o Bitcoin está rapidamente subindo à frente do ouro como uma escolha popular de proteção contra a inflação .

Lembre-se de que o Bitcoin não era apenas mais um ativo proposto como uma proteção contra a inflação no white paper original do Bitcoins de Satoshi. No entanto, toda a ideia do Bitcoin partiu de instituições financeiras e terceiros falidos e uma possível solução que seria eficaz na vida cotidiana.

É claro que, com cada investidor institucional e as grandes armas financeiras investindo em Bitcoin, a popularização do Bitcoin como um ativo tornou-se inevitável. No entanto, aqui estão alguns dos aplicativos ideais do mundo real que podem desafiar moedas fiduciárias decadentes e impulsionar o Bitcoin para o mercado principal.

Compras online

No passado, o Bitcoin era visto principalmente como um meio de contornar o governo e se envolver em atividades ilegais. No entanto, a adoção da criptografia continuou a crescer tremendamente e muitas mais empresas estão agora abertas a aceitar Bitcoin ou algumas outras criptomoedas como pagamento por bens ou serviços.

Em 2014, usando o BitPay como processador de pagamento, a Microsoft se tornou uma das primeiras empresas de tecnologia a aceitar o Bitcoin para comprar produtos digitais. Em outubro de 2020, a popular empresa de pagamentos americana PayPal anunciou que permitiria a criptomoeda como fonte de financiamento para compras em 2021. Com diferentes comerciantes de pagamento fiduciário agora reconhecendo o Bitcoin, há uma probabilidade crescente de que o Bitcoin seja usado por todos em breve em todos os cantos do mundo.

Historia de los mercados

Morgan Stanley eleva su participación en la microestrategia cargada de Bitcoin al 10,9%.

Michael Saylor, CEO de MicroStrategy (Charles Norfleet/Getty Images)
Kevin Reynolds

Morgan Stanley eleva su participación en la microestrategia cargada de Bitcoin al 10,9%.
Morgan Stanley es ahora propietario de 792.627 acciones de MicroStrategy, con lo que su participación total en la empresa más conocida por poseer más de 2.000 millones de dólares en bitcoin es del 10,9%, según un archivo realizado en la Comisión de Valores y Bolsa de los Estados Unidos.

El gigante financiero aumentó su participación en casi 650.000 acciones desde el final del tercer trimestre.
Las acciones de MicroStrategy, una firma de inteligencia de negocios relativamente poco conocida antes de su inversión masiva en la cripto moneda líder, se han disparado en un 330% desde que la compañía compró su primer bitcoin (BTC, +1.62%) el 11 de agosto de 2020, subiendo de $123.80 a $539.57.
Como se ilustra en el gráfico a continuación, antes de comprar su primer bitcoin, el rendimiento de las acciones de MicroStrategy dejó algo que desear, habiendo caído un 13% desde el 2 de enero de 2020 hasta el 10 de agosto de 2020.
Dado que las acciones de MicroStrategy están siguiendo en gran medida el precio de bitcoin, que ha subido más del 40% este año después de una ganancia del 300% en el 2020, es probable que Morgan Stanley vea su inversión como una forma de beneficiarse de la histórica carrera de bitcoin sin ser realmente un HODLer.

Bitcoin (BTC) Financial Timesin etusivulla

Nykyinen Bitcoin-hintaralli ansaitsee edelleen etusivun kiinnostuksen valtamediasta.

Maailman tärkein kryptovaluutta, Bitcoin Revolution on ollut viime aikoina parrasvaloissa kaikista oikeista syistä.

Bitcoin (BTC) on viimeisten kuukausien aikana rekisteröinyt massiivisen hintarallin, mikä kannusti sitä selvästi edellisen kaikkien aikojen korkeimman (ATH) hintansa yläpuolelle. Salaus 3. tammikuuta 2021 juhli 12 vuotta sen ikonisen syntymän estämisestä. Mielenkiintoista on, että Bitcoin saavutti uuden 34 800 dollarin ATH: n samana päivänä.

Financial Times , kansainvälisesti arvostettu liiketoiminnan sanomalehden lisäksi esillä kuningas Crypto etusivullaan. Ominaisuus koski pääosin Bitcoinin nousua 30000 dollariin. Erityisesti BTC: n nykyinen hintaralli on ollut viime aikoina vetovoiman keskus.

Kestävämpi hinnankorotus

Vuonna 2017 BTC: n ensimmäisen merkittävän härkätaistelun aikana monet analyytikot hylkäsivät hintarallin kuplana. Tällaiset äänet sanoivat, että vuoden 2017 härkätaistelu ei ollut kestävää. Samaa ei voida sanoa nykyisestä BTC-hintakilpailusta. Valtavirran tiedotusvälineillä, jotka ovat suurelta osin olleet kriittisen salaustilan kritiikkiä, on vaikea pysyä skeptisenä. BTC: n nykyinen hintaralli, joka näkyy Financial Timesin etusivulla, on myös selkeä osoitus tästä.

Raporttien mukaan Bitcoinin hintakehityksen odotetaan jatkuvan. Joseph Young huomauttaa, että tämä johtuu siitä, että yhä useammat ihmiset ostavat salausta eikä kukaan myy.

FOMO (Fear of Missing out) on valtava myös pienimuotoisten ostajien ja yksityissijoittajien keskuudessa.

Institutionaaliset sijoittajat BTC-hintarallin eturintamassa

PwC globaali Crypto johtaja Henri Arslanian heittää enemmän valoa syy BTC: n nykyinen hinta ralli. Mielenkiintoista on, että BTC-hintaralli johtuu institutionaalisten ostajien lisääntyneestä kiinnostuksesta. Niitä ovat esimerkiksi MicroStrategy , MassMutual ja Square , jotka ovat siirtäneet suurimman osan varoistaan ​​Bitcoiniin. Salaushintojen nousua vauhditti myös useiden Wall Streetin jättiläisten, kuten Paul Tudor Jones ja Stanley Druckenmiller , antama hyväksyntä . Arslanianin mukaan nykyinen BTC-hinta ei ole osoittanut hidastumisen merkkejä.

Kraken announces integration of Lightning Network, planned for 2021

Kraken will integrate the Lightning Network to support instant Bitcoin transfers and reduced withdrawal fees

Major US cryptocurrency exchange Kraken announced on Wednesday that it will integrate Bitcoin’s Lightning Network in 2021. Kraken pointed out that the integration will make possible significant improvements in speed and fees, saying that Lightning allows Bitcoin (BTC) „to process millions of transactions per second.“

In a comment to Cointelegraph, Kraken’s lead Bitcoin strategist Pierre Rochard revealed that Lightning will be integrated for withdrawals during the first half of 2021, reducing transfer fees from around $10 per transaction to almost one cent, just enough to prevent spam transactions, and enabling „instant“ withdrawals.

Rochard indicated that the deposit functionality will be integrated to follow. Although deposits are already free on Kraken, the integration will enable immediate settlement of these transfers, so traders will not have to wait the 30 minutes or so currently required for the three confirmations on Bitcoin’s blockchain. The strategist explained:

„We believe this will offer an advantage to traders who value speed in many of the strategies they adopt.“
To facilitate the integration, Rochard points out that Kraken has made a commitment to hire a new team dedicated specifically to the Lightning Network, inviting interested parties to apply for the positions.

The Lightning Network is Bitcoin’s layer-two protocol released in March 2018 following the activation in the previous year of the Segregated Witness update.

The protocol aims to reduce the number of transactions stored on the blockchain by using smart contract ‚payment channels‘ to facilitate transactions between individual users. Final balances can be transmitted to Bitcoin’s blockchain for settlement.

According to data from DeFi Pulse, the total value locked in the Lightning Network has reached a new all-time high of around $22 million.

$ 6 billion! Brazilians love crypto – the financial authority names record Bitcoin sales

Brazilians have bought and sold $ 6.3 billion bitcoin, according to their IRS.

Trading providers have been required to provide details to the Brazilian Federal Tax Authority (RFB) since August 2019.

This data has now been compiled in a public report by RFB, which lists the volumes by cryptocurrency per month

From January to September 2020, a total of 33 billion Brazilian Reals, worth around 6.3 billion US dollars, were traded.

Most of it is in Bitcoin and Eth, but the Brazilian Treasury also lists trading in Dai and Doge:

The first column is the cryptocurrency, then the month, then the number of actions / transactions, then the total and then the average total.

This includes data from over the counter (OTC) trading venues, of which there are nine large ones in Brazil: Transfero, Foxbit, Novadax, Escher, Nox, Red River, BitBlue, BitPreço, and OWS.

“These are investors who are looking for diversification, often leaving the traditional market, having completed financial investments with traditional banks and brokers and now coming to buy their first bitcoin. This customer profile prefers the OTC trade, ”explains Foxbit CEO João Canhada.

According to crypto exchange Foxbit, OTC trade accounts for 40% of its sales, with Brazil rising overall as a hotspot for bitcoin trading

They are the ninth largest economy in the world with a GDP of $ 1.8 trillion. They have inflation at 4.3% – and more importantly, the country stands next to hyperinflationary Venezuela and Argentina, where inflation is galloping.

Bitcoin is also particularly useful for trading outside the official channels, especially with China, as the currency can be moved in seconds, which shortens processing times for mail order.

The country also has a long history of capital controls, which could be an obstacle for small businesses. However, your government is generally friendly towards the industry and even tried to tokenize the real with its state bank in 2018.

Legalize Bitcoin! – Congressman Ron Paul on BTC in the USA

Legalize Bitcoin! – Following this motto, former Congressman Ron Paul expressed himself in an episode of the Stephan Livera Podcast, which appeared last Sunday.

Paul describes its view over the current relationship of the US government to the crypto currency Bitcoin.

Straight one in times, in which the G7 states call for an acute regulation of crypto currencies, seems this topic more important and current than ever.

Ron Paul about Bitcoin Lifestyle app in the USA

Ron Paul belongs to the old iron of the American political establishment.

Paul is a former congressman and was already a candidate for the US presidential elections. The Texan is considered a libertarian free spirit.

In a recent interview, Paul spoke about Bitcoin and crypto-currencies in general. In short, Paul urges people to be more vigilant and take responsibility for their own actions.

Let us now look at the individual statements of the former presidential candidate.

Could the U.S. government confiscate Bitcoin as well as gold?

In essence, Paul expressed his concerns about strong regulation by the US government.

Paul said that he perceived the seizure of crypto-currencies like Bitcoin by the authorities as a real danger. Such a move has happened three times in the past in the US.

The last time state authorities confiscated the gold of the people was during the Great Depression of 1933.

Specifically, Paul said

The more successful crypto-currencies and especially Bitcoin will be, the more you must be aware that the U.S. government will be more aggressive. Crypto-currencies are not a product of governments and therefore they have a very close eye on them.

Paul is considered an advocate of crypto-currencies

In the overall context, we must note that Paul has already come out as a critic of the US Federal Reserve Bank on several occasions.

In this respect, the former Congressman, who retired from Congress in 2013, is considered an advocate for Bitcoin and Co. By the way, he received his first Bitcoin from Litecoin founder Bobby Lee.

As early as 2013, Paul launched a „Legalize Bitcoin“ approach with the aim of allowing currency competition.

When I was in Congress, one of my goals was to fully legalize Bitcoin. I had a bill that would have allowed currency competition. The problem is that it would have created competition for the US dollar and there are some people who absolutely don’t like that.

Regulation still a threat to Bitcoin?

Paul repeatedly stressed that he still sees government regulation as a major threat to Bitcoin and crypto currencies in general.

In memory of the 1933 act of confiscation of U.S. citizens‘ gold holdings described above, Paul warned against too much complacency from the crypto community.

Even if the tenor is repeatedly heard here that Bitcoin is a decentralized currency that comes from „outside“ and cannot be confiscated, one should not underestimate the power of the U.S. government.

If the government can come and take away your gold holdings, I do not believe it would be neutral in crypto-currencies. Someday the world will come without cash and governments will want to use their money and know what is going on.

What is certain is that an indirect ban on stock exchanges and trading platforms and the restriction of Fiat access would already be a hard blow for Bitcoin and Co.

Płatności Bitcoinów – Najlepszy sposób na rozwój twojego małego biznesu!

Osoby, które zawsze są związane z najnowszymi trendami rynkowymi muszą poznać znaczenie bitcoin. Powinny one wiedzieć, jak przyjmowanie płatności w bitcoin podczas prowadzenia małej firmy pomaga w rozwoju. Jeśli jesteś również właścicielem małej firmy, to jest to idealna okazja do rozwoju firmy. W tym przewodniku, będziesz wiedział wszystko lub znaczenie płatności w Bitcoin. Zanim przejdziesz bezpośrednio do podstawowej sprawy, ważne jest, aby nauczyć się podstaw Bitcoinów lub rzeczy podstawowych.

Bitcoin jest obecnie najbardziej używaną i cenną kryptokur walutą. Jest to pierwsza cyfrowa lub wirtualna waluta, która zmienia cały świat. Jest ona inwestowana głównie w zakup towarów i usług lub do dokonywania transakcji online. Ale w miarę upływu czasu, Bitcoin staje się wymogiem każdego człowieka, ponieważ oferuje wiele korzyści dla użytkowników. Konkretna waluta jest obecna w sieci Blockchain, co oznacza, że wszystkie transakcje pozostają przejrzyste, a to samo czyni je bezpiecznymi lub chroniącymi przed wszelkim ryzykiem. Każda transakcja dokonywana przez Bitcoin jest zapisywana w blokach i wszystko jest anonimowe.

Jak płatności Bitcoinów pomagają małym firmom rozwijać się?

Zacznijmy od głównego aspektu, na który wszyscy czekacie. Większość ludzi słyszała wiele razy, że mały biznes zaczyna się rozwijać po zaakceptowaniu płatności w Bitcoin. Ale powody, które za tym stoją są wymienione poniżej. Tak więc, należy dokładnie zrozumieć rzeczy przedstawione poniżej, a następnie wiedzieć, jak ważne są płatności w bitcoin w małych firmach.

  1. Dokonuj transakcji online w dowolnym miejscu na świecie – tak, płatności Bitcoin pochodzą bez ograniczeń lub ograniczeń. Oznacza to, że małe firmy, które zainwestowały w Bitcoin są całkowicie wolne do dokonywania transakcji w każdym kraju na świecie bez pozwolenia lub władz. Wymagają one tylko urządzenia, stabilnej sieci i portfela Bitcoin, aby wysyłać lub odbierać płatności. Jak Bitcoin jest zdecentralizowaną walutą, więc nie ma potrzeby pytać nikogo podczas dokonywania płatności online.
  2. Transakcje zakończone w ciągu kilku sekund – gdy szukasz innego powodu, aby wiedzieć, jak płatności Bitcoin pomaga małym firmom rozwijać się, to czas zakończenia odgrywa ważną rolę. Wszystkie płatności online lub transakcje dokonane z Bitcoin do dowolnej części świata są zakończone w ciągu kilku sekund. Z drugiej strony, gdy transakcje te są wykonywane z waluty fiat, to czasami mogą one uzyskać 2-3 dni do zakończenia.
  3. Bezpieczeństwo i ochrona – w odróżnieniu od przypadku walut fiat, dokonywanie wszystkich płatności za pomocą bitcoin zapewnia pełne bezpieczeństwo i ochronę. Dzieje się tak dlatego, że cały proces transakcji Bitcoin jest oparty na technologii blockchain. Dzięki niej wszystkie transakcje są rejestrowane w blokach i wszystkie informacje są anonimowe lub przejrzyste. Nie ma ryzyka związanego z dokonywaniem płatności w kraju lub za granicą za pomocą Bitcoin.
  4. Żadna papierkowa robota i opłaty transakcyjne nie są niskie – największą korzyścią dla małego biznesu po rozpoczęciu przyjmowania płatności do Bitcoin’a nie jest wymóg wykonania jakiejkolwiek papierkowej roboty. Po prostu są one wolne od wysyłania lub otrzymywania płatności Bitcoin do i od każdego, kiedy tylko chcą. Ponadto, opłaty transakcyjne, które są wyższe w walutach fiatów, są całkowicie niskie, jeśli chodzi o Bitcoin. W ten sam sposób, mały biznes nie tylko oszczędza wystarczająco dużo czasu, ale również dobre pieniądze, gdy chodzi o płatności bitcoinów.

To są powody, lub można powiedzieć, że korzyści, które małe firmy otrzymują po zaakceptowaniu płatności Bitcoinów. W ten sam sposób, ich biznes zaczyna się rozwijać w krótkim okresie czasu.

Zarabiaj dużo na handlu bitcoinami

Cóż, najlepszym sposobem dla ludzi, którzy dokonali inwestycji w bitcoin jest wykonywanie jego handlu i dobre zyski. Co posiadacze Bitcoin tylko muszą zrobić, to po prostu wybrać najlepszą platformę jak system Bitcoin lub wiele innych renomowanych rozpocząć handel. Przed tym, powinny one zebrać wszystkie istotne informacje lub znać wszystkie podstawy, aby poznać zasady i wszystko o handlu bitcoin.Użytkownicy muszą tylko czekać na odpowiedni czas, a następnie kupić bitcoins, gdy cena jest niska. Po tym czasie, muszą dokonać właściwej analizy i przewidzieć właściwą cenę wiedząc, co wpływa na jej cenę, aby sprzedać je na wysokim poziomie, aby zarobić ogromne zyski z dobrą marżą. Jak wspomniano powyżej o najlepszej platformie handlu bitcoinami, więc po prostu trzeba odwiedzić Crypto Revolt, aby dowiedzieć się więcej i zrobić pierwszy krok w kierunku handlu bitcoinami poprzez założenie ich konta.

There is still time to bet on the American election! Cryptomoney comes into play

Trump or Biden? While the eyes of the world are focused on the US presidential elections, wouldn’t this be an opportunity to bet on its outcome via Augur’s prediction markets on Ethereum? At least that’s what I tested for you.

Disclaimer: Like any decentralised protocol, the use of Augur carries risks. Be informed, be careful and do not invest more than you can afford to lose.

Augur

Augur is a predictive market protocol that allows you to bet on whether or not an event will take place. The aim of this article is not to present how Augur works, but we have already published several articles on this protocol, notably here and here.

Let’s first go to the official website of the Augur protocol. By clicking on „Trading“, the site redirects us to the betting platform, whose obscure URL clearly does not inspire confidence:

https://bafybeifav6dnw6kjvxhz5f3jwxgmaldlw5g5mt2pyeq4nz7i6ltjqaah4m.ipfs.dweb.link/#!/markets.

The experience has only just begun, and already a first negative point.

Once the – relatively long – loading of the current bets has been completed, it can be seen that the 4 most popular markets are directly related to the outcome of the American elections. For the rest of this article, I will bet on the first market, which is also the one with the highest volume.

The expiry date of the bet corresponds to the American Inauguration Day, or the inauguration of the new president. It is therefore theoretically possible to bet on the outcome of this event until 21 January 2021. On the other hand, as this day approaches, the odds may move from the current rate to 99% vs. 1%.

At the time of writing, the odds are 57.5% for Donald Trump’s defeat in the election. This prediction market takes into account the possibility of a victory challenge since, in this case, it is the candidate designated by the Chamber of Deputies as the victor who will win. In the case of a tie or indecision in the House of Representatives, the candidate determined by the U.S. Constitution will win.

To participate, you must first log on via Metamask and approve no less than 3 transactions to allow interaction between your portfolio and Augur. It will have cost me a total of 0.007039 ETH, nearly $2.67. Once the 3 transactions have been validated, it will not be necessary to validate this portfolio again in the future. This is a one-time fee like Bitcoin Bonanza, corresponding to the first use of the protocol.

From then on, it will be possible to bet on the outcome of the elections. The interface is very similar to a classic trading site. Neophytes wishing to bet only on the outcome of the US elections could therefore get lost. Bid“ or „Ask“ orders must be placed to bet on the election results. There is no need to wait for the end of the bet. It is also possible to sell the tokens generated up or down to limit your losses before the result of the bet.
In my case, I will therefore place an order corresponding to 140 shares at the Ask price of $0.650 on Donald Trump’s defeat. Such a bet comes to me at 91 DAI. If Donald Trump wins the election, this amount is lost. If he loses, I will get back a total of 150 IDAs, a gain of 49 IDAs. However, this calculation does not take into account the transaction fees required to place this order. These are very high.

In order to place this order, it was necessary to pay about 0.036712 ETH in transaction fees, or $13.92 at Ethereum’s current price. Augur suffers from the congestion of Ethereum.

The total cost of this bet is $107.59, for a potential gain of $150. It will probably be necessary to interact with the smart contract again in the event of a win.

Assessment: The site is slow, appears complex at first glance and the desire to take part in a vote is quickly discouraged by the prohibitive cost of transaction fees. Admittedly, an update should make it possible to pay lower transaction fees and benefit from a better interface. It is currently under development, but for the time being, these shortcomings seem to be prohibitive.

However, there is a much faster and cheaper alternative: Catnip.Exchange. The site uses ERC-20s generated by Augur. It is therefore not a competing protocol, but rather a better interface to interact with the same protocol.

Catnip.exchange

To get started, open the Catnip.exchange website. Here you will find a clear interface similar to Uniswap.

It is possible to exchange your IDAs directly for ERC-20s, corresponding to the 2 possible results of the election.

As usual, you must first allow interaction between your IDAs and the protocol.

After paying approximately 0.001932 ETH in transaction fees, i.e. $0.73 at the current rate, it is possible to use the „Swap“ function, once the transaction has been validated. This transaction is therefore almost 3 times cheaper than the Augur transaction.

Next, I will exchange my ICDs for ERC-20s corresponding to Trump’s defeat in a similar way to Uniswap :

The transaction costs me almost ETH 0.006, or $2.27, and is less complex and faster to complete. In addition, the price per share is lower than in Augur. I paid almost 0.596 per share here, compared to almost 0.650 in Augur.

In conclusion, Catsnip is much simpler to use, while costing more than 5 times less in transaction fees.

In any case, the Augur protocol is currently in vogue. The total volume in 24 hours of bets on Augur concerning the result of the American elections has exceeded 1 million dollars. As Tom Pain pointed out in a tweet, the protocol also makes it possible to observe interesting data :

In this case, even if the odds of a Trump victory are lower, there are more addresses with this token than with the one corresponding to a Trump defeat (403 vs. 295). But this is likely to change in the coming hours. Make your bets!