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Incarts

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Everything posted by Incarts

  1. Tezos status as a self-upgradable and energy-efficient PoS blockchain designed to evolve and empower is innovative, the fact that high profile companies like French banking giant Societe Generale (which had planned to use it for experimenting with a central bank digital currency) has endorsed the project speaks well of its immense potentials and adoption
  2. Considering the fierce competition in the crypto industry and the fact that most projects aren't sustainable, finding low mcap gems has become somewhat difficult. This is where top CEXs come in, so when you see $ordi for instance trading on Bitget around $6 sometime around May, only to surge to around $22 six months later, you have to realise that the exchange’s team has done some filtration to maintain their reputation and provide users unmatched opportunities
  3. Yesterday's launching of $PYTH across various exchanges was arguably the most talked about crypto listing of the day. Perhaps this was helped by the successful airdrop claim that preceeded the listing, but what's equally interesting is the inclusion of rewarding events to celebrate the listing on exchanges like the one you highlighted. Opportunities like this remind us why we love the crypto industry
  4. The last one year or so has bared the limitations of the crypto industry; a good number of exchanges have faced difficulties, ending up exiting certain regions, filing for bankruptcy or flat out cease operations. This suggests that the crypto market is still in a flux state, and highly necessarily demands investors to be in the know of the risks involved before investing. On flat out closure of operations, another one bites the dust—Bittrex Global, once one of the biggest crypto exchanges in the United States, has disclosed that it will be shutting down its operations effective on December 4. Albeit a poignant ending for what had been a top exchange in the past, this is not to be mistaken as the end of the crypto industry–one that has proven to be immune to whatever uncertainty thrown at it. The uglier abrupt sunset of FTX is still fresh in several investors’ memory, the crypto industry again demonstrated its robust nature and moved on. For what has been the fastest growing industry in the past decade and constantly evolving, shake-ups are inevitable. The industry has seen worse days and came atop, this too will pass by. Let’s hear your thoughts as an affected Bittrex user who’s probably unsure where to switch to. You can also share your thoughts if you’re just keenly observing.
  5. If you were holding BGB when it recently reached new ATH you must be feeling ecstatic right now. Its been one of the most performing CEX token even in the unfavourable market, I expect an easy run during the bull run
  6. The fact that newbies now have tools like Copy trading to help them cushion their loss during the learning phase fast-tracks crypto adoption. The exchange you mentioned prides itself as the biggest Copy trading platform making it the ideal platform to explore the tool imo. Asides the obvious adoption as evident by the growing number of elite traders and Copy traders, one thing I've been drawn to is the fact that Copy trading on the exchange does not require a deposit. Users get to start trading once they have funds, as the system will automatically allocate funds based on their Copy trading settings.
  7. Superficial interactions have dampened the essence of online communities, with Chappyz on a mission to bring sanity and ensure that users connect with real individuals with similar drive and passion, it won't be long before it reaches mass adoption and command more value.
  8. I was fortunate to buy $NAKA when it was around $40m Mcap, now it has grown remarkably. NakamotoGames is bringing something unique with this one as the team is working on integrating Telegram and Web3 gaming. Truly the combination of gaming and blockchain has resuscitated the gaming industry.
  9. In actual sense every crypto belongs to a certain niche market, be it memecoin, DeFi, etc., their traders/investors know their respective interests or expectations and go for them. You can't rule them out either not when the market isn't fully revived. Remember it only took $EGLD 27 days to go from $30 to $220 in the last bull cycle? It can't be debated that the opportunities in the crypto space are boundless, for the past decade the industry has been flocked for a reason.
  10. Compared to the top DEXs like Uniswap, Pancakeswap etc, Sakai vault still has some catch up to do but adoption is well underway with $SAKAI rising trading vol across the exchanges where it's listed. Some unique features like staking, juicy referral program and so on are setting the stage for the project's growth too.
  11. I think you meant $SHRAP not $SHARP, I was drawn to the project when i noticed it listed on Bitget. It has got immense utilities in the ecosystem, unlocking vast benefits and features for holders. Considering the solid foundation of the project, the token utility and the growth since launch, this could be another blockchain x gaming masterpiece.
  12. The financial markets are inherently unpredictable, meaning that sharp peaks tend to be followed by deep dips. The same applies in the crypto market, many coins have significantly risen to prominence over the last few years but have lost massive values in recent times, no thanks to the rugged bear market. However, even though the crypto market remains bearish, there are still endless opportunities. With that in mind, I’ve come to discover one while researching the best tokens to trade this period. Tokens like EGLD, KAS, MEMECOIN, MTL and SNT have been Sizzling hot, so I was super elated to realise that in addition to the profit I could generate from trading them, I could also be rewarded while trading them on. With the exchange launching an event tagged ‘Hot Coins Event Round 4’, I wasn’t exactly thrilled to learn there have been rounds 1-3 and I missed. Too bad, but better late than never right? At least I have from now till Nov 14 to participate and I’m just going to give it my best shot for a bite in the 10k BGB and 10k USDT reward pool. Have you been trading any of these tokens?
  13. I think the DeFi boom in 2020 delivered quite a good number of top products, Wallet inclusive. The competition has got quite an interesting name too 'NewDegen'. Apparently the DeFi space is never shy of enthusiasts and experts with deep-rooted trading skills, a competition assembling the best degens battling for the ultimate prize should deliver fireworks.
  14. The market has been largely unpredictable, lots of experts predicted a bearish October but it hasn't been entirely so. BTC has been solid too heading into November, it will be nice to see how it plays out this month. $10 for BGB in the bullrun could be feasible though considering its consistency even in the bear market
  15. In 2022, the crypto industry was hit with a shocker– FTX was filing for bankruptcy. The leading exchange might have been guilty of mismanaging customer funds and was exiting the market, casting doubts as to whether they (and other exchanges) indeed hold the assets customers place in their care. This distasteful collapse resulted in heightened distrust amongst traders, it then became apparent that Proof of Reserves (PoR) would go a long in reinstating customers’ trust. In a nutshell, a PoR refers to an independent audit of a crypto exchange, usually by smart contract audit companies to show that an exchange actually holds users’ assets as claimed. Going forward PoR has somewhat become a symbol of security and transparency amongst exchanges, a commitment towards fostering unwavering confidence in their platform. Bitget for instance has gone a step further to meet an outstanding reserve ratio of 199% as seen on Coinmarketcap as at Nov 3rd 2023. This infact means that for every dollar a user deposits on the platform, an additional dollar is allocated to ensure absolute solvency and security of their assets. Insecurity remains one of the industry’s dire limitations, however the leading exchanges are employing various measures to effectively tackle the loopholes and secure customers’ trust, PoR as one. Having witnessed the unfortunate FTX shutdown, would you likely opt for exchanges with auditable PoR over the non PoR exchanges?
  16. Fan tokens like any cryptocurrency can be traded for profits; however, their values emanate from the exclusive use cases they possess. Their values may appreciate or depreciate depending on how much importance sports fans place on these exclusive use cases. Evidently blockchain technology has facilitated innovative ways for industries to foster good relationships with their consumers, so through fan tokens, fans can explore new ways to engage their favourite sport teams. When an investor purchases fan tokens, they gain access to fan-related benefits and can pay for these benefits using their tokens. These benefits may include limited edition merch, game attendance or exclusive fan events, voting rights for team decisions such as bus or kit designs etc. Fan tokens were probably created for sport team fans to easily access or engage their team but in the case of a growing demand or important use cases, their values can witness a hike. PSG token for instance, surged to an ATH (43% jump) in 2021 when footballing icon Lionel Messi was signed to the club. In recent times Tottenham Hotspurs fan token, $SPURS, seems to be gaining traction. Probably charged by the team’s impressive outings in the current EPL season and the expectations that this could finally be the season the team wins a silverware and potentially send the token flying. A good time to invest in the token you'd think?
  17. By integrating social networking and financial services, SocialFi projects are reminding us why we love the Web3 space. The benefits run deep really, from enhancing financial inclusion to improved access to credit, nominal fees and so on. Looking at how much T2T2 has grown and followed the roadmap judiciously, I expect top CEX backings as we've seen to be the catalyst to spur it to even greater heights
  18. I followed KCGI extensively as it is one of the most talked about trading competitions this year. The vast categories and the reward pools were catchy, so much so that I never foresaw another rewards for the Finale. Where some traders missed the grand prizes, this should make up.
  19. Truly the benefits of blockchain technology know no bound cause it’s like everyday we are treated to new innovative concepts that not only make our lives better but also creates a pathway to generating passive income. Thanks for your exposè, now I’m singing 24/7 haha. I was also able to research further and also found a juicy deposit/trade event on the exchange you mentioned.
  20. From finance to agriculture, power, health, and education, among other industries, one or more cryptocurrency projects have been established to improve them. It is clear that blockchain technology and cryptocurrency have a wealth of untapped potential, thus it is not surprising that new initiatives are being launched everyday, each with a unique vision and goal. Could this innovation be used to boost the economy? The SORA team agrees. They have come up with a strategy to create XOR tokens and distribute them to producers in order to provide them with a sizable amount of funding. The SORA team anticipates economic growth by supporting the production of goods and services, which will advance technology and human development and enhance all aspects of our life. With its native token XOR at the heart of all it sets out to achieve, the SORA community seeks to offer financial inclusion for everyone. Do you think this will lead to a new global economic system?
  21. The increasing popularity and real-life applications of cryptocurrencies are driving interest in everything crypto. This has ultimately caused crypto adoption to spread like wildfire, drawing many more participants who are all eager to join the queue and invest in this new type of asset while they ride the profits they yield. At the base of crypto adoption is the crypto exchange and their well-oiled ecosystem where a network of participants congregate and fulfil their objectives. To consistently deliver a comprehensive and vibrant ecosystem that caters to the growing needs of their users, and to remain competitive, exchanges must be innovative, think outside of the box, and invest in their ecosystems. If you ever wondered why ecosystem investment means everything to exchanges, here’s a few reasons why: Competitive Advantage: We’ve already highlighted that exchanges must be dynamic in innovations in order to stay competitive, this can be achieved with quality ecosystem investment. Crypto industry is highly competitive, staying ahead of the pack mandates the need to integrate unique features and innovative solutions. By building a robust ecosystem, exchanges can create a competitive advantage that makes them the envy of their competitors. Expansion of Services: Through adequate ecosystem investment, exchanges can expand their range of services. This way they get to attract and retain customers, it’s pretty straightforward—accessing a comprehensive suite of financial products and services within a single platform is an appealing option for users. Revenue Generation: Investments are meant to yield profits right? By investing in their ecosystems, exchanges can create additional revenue streams for themselves. The beauty of expanding services means that exchanges can generate revenues from the fees attached to accessing these services. This eases their over-reliance on trading fees alone and boost their overall profitability. Token Utility: Exchanges typically have their native tokens which often serve as the key to unlocking specific features within the ecosystem. Adequate investment in the ecosystem adds utilities to these tokens and in turn drives their demands and values, potentially benefiting token holders and further fuels ecosystem development. Ecosystem investment like every other investment might be costly, but in the long run it yields the desired result and growth for exchanges. We’ll agree the ecosystem is the heartbeat of every exchange, the need to maintain a healthy ecosystem via adequate and quality investment then can not be overemphasised. Only then can exchanges stay competitive and foster a long term relationship with their user base. In actual sense everyone associated to an exchange wins when adequate and quality ecosystem investment is in place. Let's deliberate, do you feel your exchange of choice does enough in that regard?
  22. Bear in mind that tax regulation can be complex especially in the world of crypto. Imo the best approach would be to consult a professional and be reassured
  23. Traditional banking systems served as the gatekeepers of financial services for long, dictating how people access loans, save, and invest in opportunities. Typically controlled by a centralized system with a single authority such as a bank or government in total charge, this centralization is limited by high fees, restricted accessibility and slow transaction speed. Dentralized finance, DeFi, got introduced as a blockchain-based financial system that removes intermediaries or central authorities, and utilizes smart contracts instead. By eliminating intermediaries, DeFi delivers core benefits like improved accessibility into the financial system for everyone having internet connection regardless of their location. DeFi is also valued for its transparency. While traditional banking system often deny customers audits on how their assets are being managed, DeFi, through the help of blockchain allows anyone access to tracking and auditing transactions, thereby raising trust. Furthermore, DeFi also offers various financial services and products like DEX, lending and borrowing, stablecoins etc, all known to proffer varied innovative solutions, while operating 24/7 in contrast to traditional finance. DeFi isn’t flawless as issues like insecurity, lack of consumer protection etc are still prevalent; however, the growth of DeFi has been impressive; since its introduction, the total value locked in DeFi protocols has grown significantly indicating that the demand for DeFi services is fast growing. DeFi seems to be redefining financial industry by offering an alternative to traditional banking systems. With the increasing adoption, can we expect to see an overhaul in the way we access financial services?
  24. The continuous adoption of cryptocurrency has caused a fierce competition in the industry, so how do top exchanges get to the top or remain at the top amidst this competition? Interestingly I just got wind of a video with the MD of one of the CEXs readily casting light to this question. In explaining the exchange’s future development plans, the company’s vision to go further up the ladder, its commitment towards strengthening its product offerings was a quick response along with its efforts towards bridging the gap between CeFi and DeFi through one of its products. Aditionally, its plans towards empowering people in the industry via educational initiatives, enhanced trading experience etc were all highlighted I’ve also come to understand that high profile partnerships can benefit top exchanges as she shared the influence global superster–Messi has had on the company as a partner, having helped them spread their reach in the sport spaces, raise visibility, trust and better engage their community. Rebranding is crucial in the industry for sustained relevance, this was buttressed in explaining the company’s ‘Trade Smarter’ rebranded slogan. According to her, this was inspired as AI strategies get prevalent in trading, hence the need to rebrand and facilitate smart trading for users. Healthy competition is beneficial for the company, it brings out the best from each project and exchange that aims to attain the heights. What do you think about the industry's competition? also judging by these responses in the video, do you think the exchange is on the right track if they must sustain relevance in the industry?
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