Author: dfmines

“ Read this: https://download.wpsoftware.net/bitcoin/pos.pdf The problem to solve is determining a record of the transaction history so that all the independently operated nodes in the node network have the same history, without having to collude, or be controlled by a master Satoshi chose Back's hashcash mechanism because it uses hashing as a random oracle, and…
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I just want to say inflation is real and my dumb ass has been putting money into a savings account for the last 10 years to buy a house. Houses are now double the price they were when I started working and it’s been my goal to buy a house cash! So today I picked…
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An Innovation Offered By Alfprotocol, Making Full Use Of Bonding Curves Alfprotocol is a Solana protocol for the capital deployment of liquidity provision and yield farming, with and without leverage. The protocol includes implementing an invariant-based Automated Market Maker protocol and a money market for short-term loans for exchange activities. The Solana ecosystem’s most important contributions are leveraging liquidity providers’ positions in AMM pools and yield farming procedures. The protocol will provide AlfMM and AAlf for its users, a decentralized exchange service, and an overcollateralized borrowing service, respectively. On the other hand, leveraged liquidity is managed by one of Alfprotocol’s modules, which interfaces with external protocols such as Solaris, Jet Protocol, and others to deliver leveraged products up to 200x. Arbitrary Curves One of the most recent breakthroughs in DeFi is the development of DEXs that can autonomously manage conversions between different crypto assets. Solana’s decentralized exchange protocols contain a liquidity pool (LP) comprising two or more assets bound to maintain a mathematical relationship with each other at all times, as defined by a specific function or curve. Such functions include constant-sum and constant-product AMMs. Such actions have the potential to diminish the liquidity pool. Market price changes, in particular, can result in reduced liquidity for one or more of the assets, decreasing the total value of the LP. We introduce the concept of dynamic curves to construct the AlfMM in a way that would change the mathematical link between the assets using information from a market price oracle, guaranteeing that the pool price remains constant and identical to the market price. The Alfprotocol, using the Solana blockchain, will implement arbitrary curves utilizing liquidity and allocating it efficiently. This method allocates more liquidity towards the current reference price and less towards the price extremes. Alfprotocol increases capital efficiency and allows more liquid markets by connecting low-risk, low-effort investors who provide liquidity to loan protocols with risk-seeking, active management investors who focus on leveraged liquidity provision and yield farming positions. Alfprotocol is currently in development. To find more info about the project and stay updated with the project’s current progress, please visit the website and check out the whitepaper.  

A year ago I joined Reddit to learn a bit more about cryptocurrencies. I was pretty clueless to begin with but I started delving into the posts and comments of this sub, I read the BTC white paper, and it wasn’t long before I bought some BTC. I remember how excited I was! I kept…
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The Asian stock market is one of the biggest in the world, creating billions of dollars in wealth for those who understand how the system operates. Users no longer need to trust third parties or get blocked based on jurisdiction, as there is finally a one-size-fits-all solution for everyone’s needs. NASDEX, the premiere decentralized cryptocurrency exchange for trading tokenized Asian stocks, has its own native governance token, NSDX. The token is now live on various ecosystems. In this post, we’ll detail everything you need to know about buying and holding NSDX. What Is NASDEX and What Problems Does It Solve? As mentioned, NASDEX is a decentralized exchange (DEX) for tokenized Asian assets. By putting up collateral, users can mint a tokenized version of their favorite Asian stocks for others to invest in. Once minted, users can provide liquidity and trade the stock with others from around the world. Tokenized stocks also provide additional profit opportunities for users, such as farming and staking, which aren’t available in the traditional equities market. Users can also invest in fractional tokenized stocks and assets, making stocks more accessible to those who cannot buy an entire share. Lowering this barrier to entry should make the entire market significantly more fluid. The traditional equities market suffers from high fees and geographical, technological, and economic barriers. Users around the world (and even sometimes in Asia) struggle to acquire Asian stocks outside of their own borders and must abide by various know-your-customer (KYC) policies at that, requiring the divulgence of personal information. NASDEX provides a permission-less way for users all over the world to invest in Asian stocks. It provides an accessible way to get involved with equities investment, bolstered by additional profit-earning opportunities for all users. In reality, nothing like NASDEX has ever really been introduced before. The platform has the potential to reach millions of users across various Asian countries, totaling potentially trillions worth of liquidity across the NASDEX ecosystem. However, tokenizing already existing off-chain information is not easy. The process requires oracles or off-chain entities that pull information from off-chain sources to reflect the data on-chain. Assisting NASDEX in the tokenization process are top-tier projects like Chainlink and the Band Protocol. Chainlink and Band are both tried and tested oracle platforms that assist in pricing synthetic assets on-chain. Thanks to these integrations, NASDEX can provide live price updates and seamless transactions on all minted stocks. This way, users will have no problems tokenizing their favorite Asian stocks and generating liquidity without the need for a middle man. Before NASDEX, users would struggle to invest in Asian stocks, paying high fees, suffering from regional barriers, and giving up their identities to do so. Now, anyone can access these stocks and earn from them in new ways. The NSDX Token NSDX is the lifeblood of the NASDEX platform and ecosystem. Token holders earn every time an asset is minted or burned, making it an ideal asset to buy and hold for platform users. On top of that, NSDX doubles as a governance token, with token holders getting a say In future changes and upgrades coming to the ecosystem. The more NSDX a user holds, the more weight their opinion has, making it an open and democratic system all can partake in. Recently, NASDEX also launched NSDX staking, which enables token holders to earn annual interest on their staked assets. In doing so, NASDEX provides yet another utility for its token holders. NSDX is listed on multiple decentralized exchanges across three blockchain networks: Binance Smart Chain, Ethereum, and Polygon. For example, you can find the NSDX token on PancakeSwap or Uniswap, Gate.io and QuickSwap, with more exchange listings arriving all the time. NSDX has a total supply of 100,000,000 tokens. 40% of those tokens will go toward liquidity mining, while 26% stays with the core team and its developers. 6.756% of the tokens were held for the asset’s initial pre-sale, which took place earlier in 2021. NASDEX Founders Are Paving the Way for a Robust Roadmap NASDEX was founded by Josh Du and Belinda Zhou. Du has 15 years of institutional portfolio management experience and has managed funds and teams worth over one billion AUD. Zhou has multiple years of experience in various blockchain-related PR roles and knows how to build a dedicated community around any project from the ground up. NASDEX has worked on listing its NSDX token on multiple decentralized exchanges, while internal testers aim to create the best possible user experience upon the DEX launch. NASDEX will officially launch in Q4 2021 with the top 20 Asian stocks tradable across its decentralized marketplace. After the product’s launch, NASDEX will work to grow the NASDEX ecosystem and implement its governance model. Beyond that, the team will continue adding new Asian stocks for users and continue listing its NSDX token on as many exchanges as possible. It also plans to list new product offerings such as derivatives and indices.

Ethereum failed to clear $4,400 and started a fresh decline against the US Dollar. ETH must stay above $4,120 to start a fresh increase in the near term. Ethereum started a fresh decline from the $4,440 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,120 support zone. Ethereum Price Show Bearish Signs Ethereum attempted a recovery wave above the $4,350 resistance zone, similar to bitcoin. ETH price even climbed above the $4,400 level, but it failed to continue higher. A high was formed near $4,440 and the price started a fresh decline. There was a break below the $4,350 support zone. Besides, there was a break below a key bullish trend line with support near $4,360 on the hourly chart of ETH/USD. Ether price declined below the 50% Fib retracement level of the upward move from the $3,960 swing low to $4,440 high. It is now trading below $4,250 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An initial resistance on the upside is near the $4,200 level. The first major resistance is near the $4,320 level and the 100 hourly simple moving average. A close above the $4,300 and $4,320 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,400 level. Any more gains could lift the price towards the next key hurdle at $4,550. More Losses in ETH? If ethereum fails to start a fresh increase above the $4,300 level, it could extend losses. An initial support on the downside is near the $4,165 level. The first key support is now forming near the $4,150 level. It is near the 61.8% Fib retracement level of the upward move from the $3,960 swing low to $4,440 high. A downside break below the $4,150 support might push the price further lower. The next key support is near $4,050, below which the price might slide towards the $4,000 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 50 level. Major Support Level – $4,150 Major Resistance Level – $4,300

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