Where or how do you guys sell RVN to minimize fees? I’ve been amassing it for a while and want to sell a bit to buy more GPUs, but don’t want to throw any away in multiple step fees. Thanks! submitted by /u/JonTargarysnow [link] [comments]
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The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM), and liquidity provision protocol already launched on this network. Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program In a Medium post, the team behind ZumoSwap addressed the questions most VeChain users must be making: why launch a new DEX when Vexchange is already functional? According to ZumoSwap, there is “something that doesn’t feel right” about its competitor. Inspired by Uniswap, the most popular DEX running on Ethereum, the team behind ZumoSwap presented data that suggest Vexchange could have higher fees for its users. Rather than the standard 0.3% fee for slippage on Uniswap, Vexchange charges around 1% which represents a significant increase when compared to the Ethereum protocol. Therefore, ZumoSwap was created to meet users’ demand for a “native DEX” capable of providing them with a cost-efficient alternative and multiple features. The team behind the VeChain DEX claimed the following: After careful thinking, we decide to get rid of ALL Uniswap + Web3 code and build from scratch. This is a VeChain project, not one of the Ethereum dApp. The DEX should be able to integrate with “any wallets that VeChain provides” and operate with what the team called “one-click swap”. They claimed this will improve the DEX experience as it will remove the need for users to operate with two transactions to make a token swap. On ZumoSwap, you only approve what you need to swap, and better yet, it is done within the same transaction you swap. No longer need to wait for two steps! Fast and secure. The Many Features Of ZumoSwap, A Native VeChain DEX In addition to the aforementioned features, ZumoSwap will encourage VeChain users to transact, swap their tokens and keep themselves active. These activities, the post claims, are discouraged by Ethereum and other competitors. Thus, a protocol that was created to facilitate a transaction becomes less usable as users are priced out from the platforms. In that sense, users will “always” be able to transact with a 0.3% slippage on ZumoSwap. The platform has integrated an “Auto VTHO Farming” feature. This will let users keep their VTHO yields and provide liquidity to the DEX by supplying VET to the pools. The team behind the project claimed there are “no additional actions required; you farm the VTHO like in your own wallet”. This could make ZumoSwap an alternative for the users that want to generate more rewards with their VET and keep themselves active on the VeChain ecosystem. ZumoSwap will also operate with a fee delegation mechanism and will launch a ZUMO token in the future. Congrats @zumoswap with the launch of a new DEX to swap #VeChain based tokens! According to the team, ZumoSwap offers low cost, one-click swaps using multi-clause transactions & works on all official VeChain wallets among other features such as VTHO farming & more. https://t.co/nvw0VlChKC — VeChain Foundation (@vechainofficial) December 23, 2021 The ZumoSwap native token and its tokenomics will be described in the future. However, the team behind the project did reveal the following about a potential airdrop: It will be released in a similar manner of Bitcoin and details will be announced in the following articles. All Liquidity providers and traders and X Node holders will receive the airdrop. Related Reading | VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion As of press time, VeChain (VET) trades at $0,091 with a 4.8% profit in the past day.
Jack Dorsey’s controversial views about venture capital and Web 3.0 triggered a flurry of responses on Twitter this week.
Bitcoin has finally, after a long 12 days wait of impatient crypto hodlers, crossed 50k Us Dollars mark. According to some hodlers, these last 12 days were the most difficult few days in their lives. More difficult than 2017's bear market, because these kids were not born back then. Now that btc is going up,…
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During no other time of the year are humans more open to the idea of miracles than now. But what about a crypto Christmas miracle for Bitcoin? Rather than the miracle being the premise for a holiday flick, it is possible that the appearance of a backtestable technical signal puts in a miracle-esque bottom for the cryptocurrency market. More Credence For A Santa Claus Rally In Crypto Dozens of Hallmark-style holiday movies include the world “miracle” in their title. The idea that Santa Claus could hit the homes of children across the entire globe in one night demonstrates the type of hopeful sentiment that can build this time of year. Related Reading | Could Bitcoin Benefit From A Santa Claus Rally? Across the cryptocurrency market, investors got the equivalent of coal for Christmas – that is unless a miracle happens. That miracle has a higher than average probability of happening this holiday, according to the Fisher Transform technical indicator on BTCUSD 3-day timeframes. This technical indicator has only shown such an extreme deviation two other times throughout its history – and when you read at what prices this signal triggered at previously, you won’t help but become more hopeful for a Santa Claus rally over the next several days. Could a Christmas miracle make investors merry? | Source: BTCUSD on TradingView.com The Most Extreme Bitcoin Bottom Signal Is Back For Christmas The Fisher Transform is a technical indicator that was created by John F. Ehlers and, according to Investopedia, “converts prices into a Gaussian normal distribution.” Doing so makes spotting turning points a lot easier. Both extreme readings in standard deviation and the signal itself changing direction present a higher than normal probability point of reversal. When it comes to objective technical analysis, few technical indicators supply such regularly backtestable results as the Fisher Transform. The version of the Fisher Transform pictured above and below is a custom tool designed by Moe_mentum dubbed the iFish Smooth & Divergence, available on a two-week trial basis or $525 for lifetime use. Could this signal be another gift for Bitcoin holders? | Source: BTCUSD on TradingView.com On 3-day BTCUSD charts, the Fisher Transform is showing a potential reversal through turning around at the -2.0 deviation – a point of extremes reached only two other times prior. The first of the two instances was in October 2011 when Bitcoin was trading at around two bucks per coin. The second was at the bear market bottom in December 2018. Now, some three years later, the extreme level has been reached again, just as the indicator starts turning around. Related Reading | Bitcoin Falls Flat: Examining A Rare Bull Market Corrective Pattern The Fisher Transform is an unbounded indicator, meaning that it could very well reverse again and continue to a deeper deviation and extreme. However, doing so would only further increase the likelihood of a reversal further. This makes the Fisher Transform a helpful tool for those who trade using a “mean reversion strategy” and attempt to profit from when prices move to unusual extremes. Bitcoin price could still make another low while the Fisher Transform fails to do so. At that point, a bullish divergence would be possible and another buy signal potentially generated – again improving the chances of a positive outcome. Investopedia warns that the potentially lagging indicator could have several limitations. For example, “asset prices are not normally distributed, therefore attempts to normalize prices could be inherently flawed and may not produce reliable signals.” However, the Fisher Transform remains among the most statistically reliable though backtesting of data, especially when combined with other tools for confirmation. And these statistics show a Christmas crypto miracle could be on the way. #Bitcoin per D3 — IFS reading one of the historical lows at ( OS) region backtest shows that market was bottomed D3 at( -2 deviation ) was 👇- > October 2011 @ $2.15 – > 15 Dec 2018 @ $3135https://t.co/125TAgbVlu — Moe (@Moe_mentum_) December 23, 2021 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
The now former president did not reveal what his next move would be, or whether he would continue to work in the cryptocurrency industry.
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