Decentralised

DistX is Taking the Crypto World by Storm

10/09/2020 by Idelto Editor

After selling out their own token sale in just 57 seconds in late August, DistX have been making headlines and attracting a lot of attention.

The reason for the hype? Their unique tokenomics offering some of the most interesting and significant rewards to DISTX token holders.

DistX is building a decentralised token sale platform with some very unique features included. Token sale participants will be able to search for upcoming token sales, view all of the smart contract guaranteed settings selected by the token sale teams, and contribute right from the DistX website. Immediately on contribution, the participant receives a unique redemption token in their destination wallet. This token can be redeemed for the token sale tokens at any time, and to any address, once the token sale is completed and soft cap is reached.

This unique system also guarantees the token sale holders cannot access their raised funds until the token sale has reached soft cap and tokens are distributed.

So, what’s the rewards system? Well, the top 200 DISTX token holders are added onto the recipient list for every single token sale hosted on the DistX platform. They share in 2% of all tokens, from every token sale. This gives the top 200 DISTX holders a constant share of new tokens from brand new projects, at no cost. It’s a very unique and sustainable rewards system. The more token sales that DistX hosts, the greater the rewards.

Put simply, DistX looks to become the future of decentralised token sales, and rewards its own token holders in a big way. On top of the top 200 rewards, 1% of all raised funds during a successful token sale, is used to buy back and burn DISTX tokens, making it deflationary.

There are too many features and benefits to list, and are all outlined in the very well received DistX whitepaper.

The DistX platform is due for launch next month. Check out distx.io for more information and you can trade for DISTX tokens on UniSwap and some popular centralised exchanges.

Press Contact Email Address
[email protected]

Supporting Link
https://www.distx.io

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Chainlink Token Price Surges, Briefly Breaks Into the Top Ten by Market Cap

14/07/2020 by Idelto Editor

The price of Link, the native token of the Chainlink network, soared in 48 hours gaining some 40% in that period. This rally saw the token briefly breaking into the crypto market capitalization top ten.

At the time of writing, the token LINK had a market capitalization of nearly $2.6 billion easily beating EOS whose capitalization stood at $2.4 billion.

The token, which had its listing in September 2017, started trading at just under $0.20. It currently trades at just above $7.3 and this represents a more than 4700% return on investment (ROI) to date for hodlers that bought the token at listing.

At the time of writing, the token’s 24-hour value traded topped $1.5 billion, the fifth-highest for the period, according to data from markets.Bitcoin.com.

Whales are reportedly showing an increasing appetite for a token that exhibits the right “fundamentals”. Whale alerts on Monday show movement of substantial quantities of the token between wallets and different exchanges.

Chainlink has seen major tech companies joining the network in what is seen as an endorsement.

However, critics like Messari’s Ryan Selkis have poured scorn on Chainlink’s fundamentals claiming they are misunderstood.

A report by U.Today quotes him saying the following:

Chainlink is proof that no one knows what they’re talking about and crypto ‘fundamentals’ is basically macro sentiment, alchemy, and animal spirits.

A decentralized oracle network, Chainlink aims to connect smart contracts with data from the real world. Since blockchains cannot access data outside their network, oracles are needed to function as data feeds in smart contracts.

Chainlink’s oracles are connected to the Ethereum network and they provide external data like for example temperature or weather. The external data triggers smart contract executions upon the fulfillment of predefined conditions.

The Chainlink network uses a reputation system, node providers that have a large amount of Link can be rewarded with larger contracts. Those failing to deliver accurate information will see a deduction of tokens.

What do you think about the Link token’s ongoing rally? Tell us what you think in the comments section below.

The post Chainlink Token Price Surges, Briefly Breaks Into the Top Ten by Market Cap appeared first on Bitcoin News.

Bitcoin Prediction Market Fairlay Sees Sizable Volumes

08/04/2018 by Idelto Editor

In the cryptocurrency ecosystem, the concept of prediction markets is a topical subject. There are a few projects in the works hoping to build decentralized prediction markets such as Augur and Hivemind. One particular project, although not fully ‘trustless’ at the moment, Fairlay, has been moving a staggering amount of volume over the past few months with over 100 to 150 BTC per day at times.

Also Read: OTC Cryptocurrency Desks Trade Billions Over Skype

Aggregating the Wisdom of the Majority

This week news.Bitcoin.com spoke with the Fairlay CEO Gabriel Oliveira about the bitcoin prediction market and exchange he operates. The marketplace got its origin around three years ago. Oliveira tells us that Fairlay is basically a cryptocurrency infused prediction marketplace that allows sports betting in a digital asset environment. Users can create their own markets, bet on any event, and create insurance instruments and trade financial derivatives such as CFD and binary options, Oliveira emphasizes.

“With our platform, we specialise in getting reliable information for everyone by crowdsourcing predictions on a totally open market,” Oliveira explains to news.Bitcoin.com. “You can foresee the public confidence on various events such as crypto, economics, politics and general news — By using bitcoin we empower users to demonstrate where their confidence lies regarding a specific event by aggregating the wisdom of the majority.”

Our volumes have been rising substantially this year and it’s about 100 to 150 BTC per day.

90% of Volume Stems from Sports Betting

At the moment, unlike projects in the works like Augur, the Fairlay model is currently fully centralized. Oliveira details that Fairlay provides proof of reserves so users can rest assured they are solvent and that assets are held in a cold wallet. Still, Fairlay is a betting exchange that’s between peers and bets are not against the house as users bet against other users and the exchange acts as an intermediary for those bets.

Oliveira says that 90 percent of the volume is all sports betting and the second biggest market is politics and anything related to Donald Trump. In order to use the Fairlay platform all a user has to do is deposit some BTC and select a market. Users can then choose the outcome, odds, and the volume arrangement within the terms of the bet.

Aspirations to Decentralize With Rootstock

The Fairlay CEO says down the line they intend to use Rootstock’s side chain implementation to better decentralize the platform.

“We like RSK because we see it as the best compromise between ethereum and bitcoin, it’s EVM compatibility is amazing — We can take advantages of the resources already developed for ethereum and at the same time have a defined inflation cap,” Oliveira explains. “Also we see it as more secure in the medium to long-term, as there’s some uncertainty regarding casper feasibility and migration.”

If there’s a bug on ethereum the whole networks can get compromised and may require a hard fork. That’s not necessarily easy to coordinate, we are not fundamentally against hard forks and network splits, but we are not the biggest fans either.

Oliveira notes, however, nothing is set in stone and his team looks forward to seeing how decentralized infrastructure continues to build. “We’ll first see how the networks plays out and how decentralised exchanges overcome the issues that currently inhibit fast and reliable order-books and matchmaking systems,” the Fairlay executive adds.

What do you think of the Fairlay prediction market platform? Let us know what you think about this subject in the comments below.

Images via Shutterstock, and the Fairlay prediction markets platform.

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