Stellar Lumens was free in 2014 ($0.0018 to $0.64 in 3 years) Ontology newsletter subscribers received free 1000 ONT each. (I dumped them at $6 each) Early Dfinity supporters are now getting free airdrops ($100 – $2500 worth of Dfinity Tokens) The IOU futures price of Dfinity is now trading at $31 each. Free UNI tokens worth $2400 (current marketprice) for early uniswap users.
Edgeware lockdrop was free, it was trading at $0.035 a week ago. Nucypher held a work-lock a week ago, free fucking money again.
There is no guarantee that this loophole won’t be exploited by insolvent exchanges planning to exit-scam. My gate.io account from 2017 is frozen They want me to do K.Y.C done it 4 times, everytime they come with a excuse to delay the withdrawing process. Letters too small, letters on my passport not sharp enough. We need to see your elbows, camera needs to be further away. Without KYC, you can’t withdraw from exchanges that require K.Y.C.
Bilaxy, MXC, HOO, Gate.io, hotbit , and dozens of other smaller exchanges are all washtrading to fake volume. They pay popular crypto-outlet to write fake reviews. If you’ve been in this space longer than 2-3 years, you know these smaller exchanges are full of shit.
private pool closed no longer accepting new members until further notice
I am selling invites to private ICO pools and I am raising the prices. $1000 per invite. Yes, this is a 3.33 x increase from previous price. If we look at the recent performance of DiaData, MantraDao, Band-protocol, Solana then you know why invites to private-ICO pools are going berserk. Parabolic demand, low supply.
Do not apply, if you’re not familiar with the ICO-OTC market. Do not apply, if you never bought ICO’s through ICO pools before.
I’m selling invites to the reliable pools that I use myself. Why is my invite worth $1000 ? Reliability… I’ve been buying from this pool since Late-2017. The only private (not public) pool I trust.
Not all ICO’s tokens are minted through erc-20, some ICO-tokens run on other chains like for example substrate, therefore trustless non-custodial pooling solutions like primablock can’t be used to enforce trustless transactions. There has to be a intermediary when the tokens aren’t supported by primablock.
I’m selling ”trust” 99% probability that this private-pool won’t run away with your money. The OTC world is small, everybody knows everybody.
The price is more than fair, getting in popular ICO at the lowest price possible without getting scammed is worth it’s weight in gold.
Rewards are usually paid in the native erc-20 network currency that you used for staking. For example : Joe buys 10,000 Kava, his reward for staking are paid in Kava. The biggest issue I have with this ”bagholder loyalty points program” is the fact that :
ERC-20 testnet tokens that work with smart contracts can be altered through few lines of code.
The initial total supply for Kava was 100,000,000 Right now it’s 106,274,714… where did the extra 6,274,714 come from? Let’s check out their telegram.
”increasing with inflationary block rewards each block?”
So the annual rewards for staking aren’t deducted from the total supply, but instead new supply is minted?
So the interest that Kava pays to stakers is less than what is lost by inflation? I haven’t bothered to do the math because there is a chance I will get banned from their telegram when I ask critical questions.
13% of the total supply in circulation
Total supply of Kava is ever increasing but only 13% + inflation is being traded right now.
Trends are nothing more than supply imbalances – demand greater than supply = uptrend. Kava is trending because the circulating supply is capped at 13%. Low Supply – High Demand… buy orders are literally cutting through the orderbook as a result we see 500% Parabolic spikes.
You can already guess what will happen when the other 87% of the total supply become fully unlocked.
I am going to receive so much hatemail from this…. greater-fools might go private. Members only.
Always check for circulating supply vs total supply. Demand isn’t a constant, it’s a variable it changes from season to season. Not every DeFi project is a scam. Some projects have massive massive potential and are undervalued, not going to disclose which projects I’m currently buying.
Render Token is likely get listed on Coinbase. Should you invest in this? Trading and running a train on noobs is fine but position-trading, long-term investing will get you rekt and this is coming from a person who knows a thing or two about rendering, visual FX, game-technology, leveldesign game-asset-creation, economics, trading, and art but keep in mind… Writing isn’t my thing. Never had to ”write” in my previous jobs.
Utility Price vs Value.
RNDR is a token that represents the cost of a service. (utility token) The goal of RNDR is to save cost on rendering. If it cost $5 to render out a 3 minute animation – 60 FPS – 4k. I expect RNDR to render the same animation for less than $5, otherwise you’re just wasting your time and money. The goal of RNDR token is to save on electricity-cost and time.
Demand for RNDR will come from uninformed retail ”investors”greater-fools…. hurdurr coonbase moon!
Demand should come from smaller indie studios who could use the RNDR tokens to save on time and cost , but this will not happen when you have greater fools propping up the prices.
RNDR will become too expensive for any genuine usage-case. Longterm investing or position trading utility tokens is generally a recipe for financial suicide. Your financial demise is absolutely guaranteed by the Law Of Diminishing Marginal Utility
If you want sustainable growth you need businesses that actually consume the tokenized services and build a genuine foundation for growth.
Secondly, I wouldn’t bet a single penny on outdated distributed GPU rendering tech. Because precomputation (rendering) is becoming outdated.
Realtime Graphics (UNREAL 5) vs Pre-Rendered (RNDR)
Let’s get into the tech and why rendering – (precomputation-prerendering) is becoming redundant in the visual FX for TV and Movies. It’s basicly a battle between ”realtime rendering” vs ”Pre-rendered” and Real-time-Graphics powered by Game-Engine Technology is already the new standard for architectural visualization, virtual stages, cinematics. The answer is simply time and money. Real-time pipelines are going to substitute traditional” 3D CG-animated movie production pipelines. It’s about all cost and time.
RNDR is trying to be a distributed renderfarm on the blockchain for traditional CGI movie pipelines. I am predicting that these movie-like production pipelines will become extinct. The answer is money. Real-time pipelines have the potential to cut cost and time by 50-80%.
Unreal 5 – (techical aimed at tech-artists) and why this is killing tradional 3D cinematic workflows.
For those who haven’t been living under a rock. Meet Unreal 5 and Nanite virtualized geometry. Read the line that states : No need to bake details to normal maps. (baking = renderbaking as in Precomputation) Massive Time-Saver compared to tradional workflows cost of production and time reduced by at least 50%. Yes at least 50%.
Here comes the kicker that will make precomputation for visual FX obsolete in the near future. Unreal 5 is making headline news with Fully Dynamic Global Illumination, what you see is what you get with zero loss in quality, no precalculation necessary, everything is lit in real-time. In previous engines, lights and shadows had to be pre-calculated and captured on texture called a lightmap. Without getting into the technicals… this process was very tedious and time-consuming and required many iterations to get it right.
”Lumen erases the need to wait for lightmap bakes to finished and to author light map UV’s” Ask any level-designer about the horrors of light-baking, lightmap UV seams, Lightmap iteration. It’s a thing of the past. Load in the meshes in the engine, setup the parameters , set up the lights, tweak the settings, done.
This ground breaking technology will make ”pre-computation” aka pre-rendering obsolete for TV-shows, Movies. Watch the 2019 siggraph presentation and tell me that I am wrong. This is where the industry is heading. Game-engines will offer their users to render photorealistic imagery in Realtime. We’re in that age now, games will look photoreal. But this isn’t the reason, why TV-shows, Movies are adopting Real-time Graphics, technological breakthroughs like Lumen and Nanite allows these companies to save time and cost in the long-run. Like I said earlier, tradional 3D-workflows for games are labour-intensive and prone to many iterations.
95% of the Utility tokens will fail.
Most of the people in crypto don’t really know what they are investing in. They think every altcoin will perform similar like Bitcoin pre-2011.
For example, they don’t know that Bitcoin, Monero, LiteCoin is a indices that represents money and they are trying to compare it with for example remittance indices like XRP.
Study the different sectors/indices and understand the different functions, usagecases of a token, find out who is buying and for what reason.
You can’t compare Blockchain-as-a-service (Baas) token like Ethereum, Nervos, harmony-one with remittance token like Stellar or XRP, two different sectors, two completely different usagecases.
Anyway enough writing. Stay away from Crypto if you don’t understand the technology and why certain altcoins will likely hit another 2000% in 2-4 years.
Yes, another 2000% or even 10000%
We’re in a kinda special age. First time, in history can we actually indirectly invest in open-source technology through tokens that stimulate and fund their development. Think of tokens as a ownership of the protocol. If hypothetically speaking, we could timetravel to 1996 and find a way to invest in open-source Linux, usenet, ftp, ssl, http, we would be multi-millionairs by now.
We’re now in stage 1 of the internet era – centralized
If you want to invest in relatively easy to understand utility tokens, look for decentralized storage. The demand for decentralized storage will grow exponentially as data (scale, size) is exponentially increasing. Don’t listen to me, listen to Michael Burry from the ”Big-short” find out what he has to say on ”storage” Hint : Look for censorship-resistant, permanent, immutable, fully distributed data storage projects. Here is a another hint. ”Blockweave” Always do your own research.
A word to the wise. Alt-coins are a headache to manage and trade, few social-media ”analyst” that don’t trade claim will this and that… Extraordinary claims require extraordinary proof, show backtests with the pairs and timeframe, show historical Profit-N-Loss, show a livestream on how you take in consideration the many variables. Everyone makes calls, few really back them up.
I wish I had this knowledge before I wasted my BTC’s on shitcoins like Neo, Gas,
Fact is 99% of the Altcoins are paired to BTC… this extra variable makes trading altcoins on shorter-timeframes a headache.
You’re better off just swingtrading, position trading your alts. Here is the truth about Altcoins/BTC pairs.
In general, no Alt-coin can rise without Bitcoin leading the way… ofcourse there are exceptions. Exceptions can be made for illiquid shitcoins. Or ponzi/pyramid projects with build-in staking mechanism like HEX.I am suggesting that staking-schemes are used by the insiders and exchanges to limit the amount of incoming supply during price rallies by incentivizing retail crowd to hodl.
Trends are nothing more than supply-demand imbalances… strong uptrends = high demand and low supply. Guestimate the orderbook depth with tools like TRDR or MarketDepthRatio
While Bitcoin is appreciating in Dollar-value……
Micro-cap and mid-cap Alt-coin that are paired to Bitcoin- (for example CKB/BTC) will by default depreciatein Satoshis —> if supply is greater than demand.
If demand is neutral and Bitcoin is becoming more expensive in Dollars…. the exchange will automatically adjust the satoshi’s to match the dollar value of the Alt-coin.
You must have buyers, who are willing to exchange their Bitcoin for your Alt-coin.
A great way to skim through the depth of the market is with MDR (market depth ratio). Use large timeframes like 1 Week, 1 Month smooth out, average out spoofing.
Or pay these guys $220 a year for https://www.trdr.io This is what I use to analyze the depth of the market.
The problem with Alt-coins is the BTC-pairing. To trade Alt-coins, you need 2 charts.
BTC/USD + Altcoin/BTC
Why do we need a BTC/USD chart? Because 98% of Altcoins are by default paired to Bitcoin, the other 2% are paired to Ethereum.
Altcoins follow Bitcoin. The correlation is uncanny. And Bitcoin correlates with SPY, the same forces that move the stock market, are the same forces that move Bitcoin.
If Bitcoin tanks 10%… Majority of the Alt-coins that show high correlation with Bitcoin will likely follow that 10% drop in Dollar-valuation.
If you are anticipating a 5%-10% drop in Bitcoin, expect most Alt-coins that correlate with Bitcoin to follow.
I use Bitcoin macro-cycles to forecast tops and bottoms for Alt-Coins. I am very picky when it comes to Alt-coins. Few midcap Alt-coins will by default outperform Bitcoin in bull-cycles and the returns are insane. In every cycle, there are always a few altcoins that outperform Bitcoin by a few hundred percent. Midcap Alt-coins have plenty room for growth. But every cycle is different, previous cycles showed a large influx of ignorant normies, believing that every shitcoin could be the next Bitcoin without understanding the mechanism or fundamentals behind the project. You must understand the consensus mechanism (security model) to understand the cost of production 95% of the coins are worthless.
In general, your exposure to Alt-coins should be no more than 15% of your entire portfolio. My portfolio = 90% BTC – 10% Altcoin.
I have Nervos in my alt-coin Portfolio, which I actively Manage. I actively trade Nervos for accumulation purposes, this allows me to buy at a discounted price. I don’t trade Nervos for BTC or USD. Nervos is a long-term hold.
Update 10 July 2020
Anyone remember the old Antshares – Antfinancial connection memes? Hurdurr NEO working with the Chinese Government memes. Guess, which project China is now backing?
Altcoins have shitload amount of unknown variables and generally should be treated as HighRisk-HighReward. Because of 90% the Alt-Coins are outright scams. The newest scam is supply-dilution during main-net migration.
Supply circulation and issuance (how much is unlocked, taken from the vault and dumped on the markets)
Supply allocation (Who holds majority of the supply?) Public or the developers/funds?)
Supply absorption (quality of the crowd. Who is buying – long-term investors or short-term speculative traders?)
Consensus model… For me… proof of work only. The project must proof work. Backed by electricity bills.
Most altcoins are NOT genuine cryptocurrencies. Genuine CryptoCurrencies don’t have CEO’s, Offices, CANNOT be shutdown by governments and certainly aren’t registered in off-shore shell companies affiliated with the paradise-papers.
Crypto-currencies aren’t services… The term cryptocurrency has been been hijacked by Companies and Startups.. promoting utility tokens as ”currencies. You’re literally buying a service, most altcoins fall under the category Utility, hence why most Altcoins are dubbed Utility tokens. Utility-Tokens represent a cost of a service. What all these scammers won’t tell you is this. A utility token can only serve as ”currency” for paying transactions-fee’s on their network. Outside the network it has little to no value.