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Messages - VeryWellDone

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Cryptocurrency discussions / NFT future this 2021?

« on: February 14, 2021, 03:49:45 AM »

Seems like the era of Cryptokitties being one of the top NFTs are slowly getting more traction as we see NFTs being constantly promoted by big personalities like Mark Cuban and Lindsay Lohan on Twitter.

Piction is also aiming to build the largest NFT marketplace in Korea, and has even partnered up to bring Pokemon-based NFTs in their platform. They're also utilizing DAO

Are NFTs going to be the next big thing this 2021 and are they the future of the art market?

Projects Updates & Press-releases / Piction Network Launches Strategic Collaboration with Axie Infinity

« on: February 12, 2021, 11:01:11 PM »

Piction Network announced that they have launched a strategic initiative with Axie Infinity, the Ethereum-based virtual pet game that draws inspiration from Pokémon and Tamagotchi. The collaboration will accelerate the diversity of NFTs by bringing brand new NFT assets to each parties’ respective platforms.

Axie Infinity is a Pokémon-inspired digital pet universe where players can battle and collect fierce, fantasy creatures called Axies. Players can earn various tokens by playing the game, making Axie a true play-to-earn experience. Axie is also one of only 2 NFT projects to graduate from the prestigious Binance Launchpad through their governance token, AXS.

In cooperation with Axie Infinity, Piction Network has been given 5 Axiesthath Piction users will use as inspiration for digital content creation such as paintings, drawings, web-toons, and stickers.

This collaboration allows both communities to experience new NFTs and expand their creations to Asia and global markets. Stay tuned for more exciting announcements and partnerships!

About Axie Infinity
Axie Infinity is a Pokémon-inspired digital pet universe where players can battle and collect fierce, fantasy creatures called Axies. Players can earn various tokens by playing the game, making Axie a true play to earn experience.

About Piction Network
Piction Network is the leading marketplace and ecosystem for NFT goods in Korea. Its platform facilitates the issuance and trading of digital cartoons, dramas, movies, games, and music. The platform has established partnerships with Klaytn, Afreeca TV, Flitto, Sandbox Network, and Coinplug and has a network of 35 million users.

Will big cartoons entering the NFT space help mass adoption of NFT? What are the risks?

Polkadot Forum / Korean Polkadot Alliance

« on: February 08, 2021, 01:57:39 AM »

STP, RAI Finance and Cobak have joined together to form the Korean Polkadot Alliance (KPA), a non-profit consortium of industry-leading projects and teams in Korea that are building on Polkadot. Top Asia cryptofunds including NGC Ventures and GBIC are also initial founding members. The KPA’s mission is to facilitate and accelerate the development of the Polkadot ecosystem in Korea.

KPA Major Intiatives:

· The first major initiative will be to bid for a parachain slot on Polkadot utilizing the DOT from each foundation of our initial founding members STP, RAI Finance, Cobak along with capital from founding backers NGC Ventures and GBIC.
· The KPA will also facilitate Parachain Lease Offerings (PLO) where DOT holders from the Korean community can stake DOT to receive native tokens from KPA member projects. (More info to come on the mechanics of the PLO)
· The KPA will also help members prepare for the parachain auction process which includes ecosystem strategy, technical advisory, governance, fundraising strategy and awareness with the ultimate goal of securing and operating a successful parachain on Polkadot.
· The KPA is dedicated to building a vibrant and open community in Korea centered around Polkadot. The KPA will organize talks, discussions, meetups and events focusing on the Polkadot ecosystem in Korea.
The KPA encourages any Korean projects, teams and developers that are building on Polkadot to join us on our mission. Existing projects and teams looking to tap into the Polkadot ecosystem in Korea are also welcome!

Source

It's great seeing projects unite to improve ecosystem for their respective countries.

Polkadot Forum / STP Network to Launch STP 2.0 on Polkadot

« on: February 02, 2021, 03:53:14 PM »

STP Network has announced that its new iteration of its protocol will feature the synthetic tokenization of assets on Polkadot. It will also give users access to multi-chain assets and new financial products on different blockchains, without expensive bridge fees or heavy overcollateralization.

The launch of STP 2.0 is planned for the end of Q1 2021 and the new Standard Tokenization Protocol is expected to be fully functional by Q3 2021.

Key features of STP 2.0:
Cross-chain tokenization
Multi-chain index
Built on the Polkadot infrastructure

STP 2.0's new cross-chain tokenization will facilitate the issuance and trading of ST-Assets between major blockchain platforms, providing users with more opportunities in decentralized finance including a wider range of products and increased liquidity.

The new Standard Tokenization Protocol will also allow users to issue and access multi-chain indices that track the performance of a group of assets across multiple blockchain platforms. Users will be able to leverage this index and employ a range of tools to interact with other decentralized protocols, such as automated market makers (AMMs) and lending protocols.

STP 2.0 will be entirely built upon the existing Polkadot platform and will take advantage of its cross-chain capabilities and parachain infrastructure. The goal of this is to allow for increasingly faster and cheaper transactions in the crowded Ethereum ecosystem.

Source

Investors tend to look at Polkadot as the next Ethereum where projects build their network, is it a good direction to go with the Polkadot ecosystem?

Cryptocurrency discussions / Navcoin Core 6.0 fully-tested and ready

« on: January 17, 2021, 11:17:20 PM »

The launch of NAV's very much awaited new private coin xNAV was kickstarted two weeks ago on January 1st with the publishing of the Navcoin Core 6.0 release candidate binaries.
After being able to get the builds battle-tested on mainnet during the testing period, the builds have shown to be stable and with no major reported issues.
As of today, NAv is ready to make the final version available for the community to download from their Github releases page.

What’s new
Nav's latest release brings improvements to governance and security, and also allows NavCoin to make significant upgrades to privacy and coin utility through the development of xNAV, their new private token. xNAV is supported by our novel blsCT protocol which brings an efficient and privacy-respecting currency to life, and allows anyone to take control of their financial transactions while retaining their anonymity.

User security is greatly enhanced by the introduction of full wallet encryption allowing wallet transaction data to be fully encrypted. This works in unison with our cold staking functionality, which allows staking to be carried out by offline wallets, further reducing the risk of security flaws and helping to secure all users’ funds.

Source

Binance / Binance Staking Launches NAV Staking with Up to 8.49% APY

« on: January 15, 2021, 06:14:39 AM »

Binance Staking has launched a new high-yield activity. Stake your NAV starting from 2021/01/14 12:00 PM (UTC), to earn up to 8.49% APY.

Locked Staking Format: First-come, first-served basis.
Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
Interest Payout Time: On a

daily basis.

Offered Products (Locked Staking)

*Please note:*

Users can view their Locked Staking assets by going to Wallets > Savings > Locked Staking.
The APY is adjusted daily based on the on-chain staking rewards, and the specific APY is subject to the page display on the day.
Unlock period for Locked Staking products: 1 day.
Locked Staking FAQ.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

Source

Crypto Exchanges / What the Bittrex Privacy Coin Delisting Means?

« on: January 07, 2021, 09:27:51 AM »

Bittrex exchange announced just days ago that it plans to remove trading pairs involving the Monero, Zcash, and Dash privacy coins.

The exchange will remove the following markets on Friday, January 15, 2021, at 23:00 UTC.

BTC-XMR, ETH-XMR, USDT-XMR
BTC-ZEC, ETH-ZEC, USDT-ZEC, USD-ZEC
BTC-DASH, ETH-DASH, USDT-DASH, USD-DASH

Bittrex has also announced that its users may receive up to 30 days to withdraw the delisted coins; however, this withdrawal period may be shortened. This has been a somewhat sudden decision, and is actually not in keeping with the sentiment of established and regulatory compliant exchanges such as Gemini and Kraken.

Following the announcement, Gemini CEO Tyler Winklevoss took to Twitter to show his support for Zcash, a privacy protocol with public and private transaction capabilities which shares a similar ethos to our NAV/xNAV coins. Kraken CEO Jesse Powell has also voiced his opinion on Twitter stating that there is little regulatory rationale behind the decision, and the delistings are specific to the business practices of Bittrex exchange.

The exchange saw its application for a virtual currency and money transmitter license being rejected by the New York State Department of Financial Services (NYDFS) in April 2019 and one of the reasons given was the failure to meet licensing requirements related to deficiencies in Bittrex’s BSA/AML/OFAC compliance program.

It’s important to note that the NYDFS has cleared the listing of Zcash on exchanges such as Gemini, and the decision by Bittrex does not affect NavCoin in any way. The Perkins-Coie whitepaper featuring privacy by default coins like Monero highlights that regulated entities can remain compliant with anti money laundering (AML) legislations while supporting privacy coins.

As a result, there is a legal framework supporting the listing of privacy coins and these delistings are a decision that is being taken solely by Bittrex exchange. However, we would like to reiterate that initially only the public NAV coin will be traded on centralized exchanges (CEXs).

Read more about the whole article here.

Will this affect the prices of these coins? How will it affect them long-term? Hopefully other exchanges don't do the same thing.

Cryptocurrency discussions / NAV's new coin launchmap

« on: December 30, 2020, 07:19:35 AM »

Quote

The first consequence of implementing blsCT in the NavCoin network will be the creation of a new coin; Nav have decided to name this coin xNAV. It will provide functionality from within their core wallet to freely swap between NAV and xNAV at a 1 to 1 rate. Users will be able to swap between NAV and xNAV at any time, and back and forth as needed. While NAV will keep being the public coin used for transparent payments, staking and voting, xNAV will make payment details hidden from external observers, unless you authorize someone to see the transaction history.

Are these 1:1's/new coins of existing coins becoming the trend now?

Incentivised Posting / Shill / NavCoin; an affordable, fast and eco-friendly cryptocurrency

« on: December 25, 2020, 10:51:31 PM »

Since 2014, an entire ecosystem has developed around NavCoin from easy to use mobile wallets to simplified private payment solutions - all built and maintained by an active international community without an central authority or governance.

Why Are People Using NavCoin?

It's cheap, fast, eco-friendly and privacy-focused.

Be your own bank
There are no banks or intermediaries that run NavCoin, and no one you need to deposit your money with. All payments are peer to peer, and managed by your wallet. Unlike the current system, you have total control of your money, and a say in how the network is run.

Privacy
Blockchains by their nature are public ledgers that allows anyone to view every transaction ever sent, which makes privacy a challenge. NavCoin is dedicated to providing privacy for users, so that your information can only be given with your consent, not taken.

Cold staking
Security is the number one priority for NavCoin, which makes cold staking an important feature on the network. Instead of having all your coins connected to the internet - this allows you to participate in staking the network, while also keeping your coins offline for added protection.

Carbon neutral network
NavCoin uses Proof of Stake which is an energy efficient form of blockchain validation. With sponsorship from the Community Fund, NavCoin has offset the estimated annual carbon footprint of the network to become the world’s first carbon neutral cryptocurrency.

A human readable address
You can personalise your wallet using OpenAlias, which allows you to create an email-style address for your NAV. The service is built on top of the worldwide DNS service to convert a domain name into a cryptocurrency address, making sending a payment easier than ever.

Frictionless payments
In the digital economy, sending payments around the world should be fast, cheap, and easy to do. NavCoin can be sent for a fraction of a cent, will show up within seconds (confirmed in 30 seconds), and there are a range of wallets designed to make sending NAV effortless.

Source

Cryptocurrency discussions / Re: Altcoins Not Getting A Share of the Bull Run

« on: December 20, 2020, 05:42:41 AM »

I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.

Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.

Cryptocurrency discussions / Re: +22%! Bringing NAV back to the spotlight with NavCoin Core 6.0 release

« on: December 19, 2020, 09:09:42 PM »

Quote from: P_Jay39 on December 19, 2020, 09:05:53 PM

Where is NAV trading now? Is it already on Binance?

Yup, great volume too!

Cryptocurrency discussions / +22%! Bringing NAV back to the spotlight with NavCoin Core 6.0 release

« on: December 19, 2020, 08:48:22 PM »

This is one of the moonshot stories of the day, the NAV token pumped up by 22% after its announcement of the NavCoin Core 6.0 release.

This new version includes two major protocol updates. xNAV - their new private token, bringing back to NavCoin the long-awaited privacy protocol. This upgrade will protect the NavCoin DAO voting quorums in the case an exchange would decide to enable staking for NAV.

This is not the only new feature coming out, but other changes are also included, like full wallet encryption. I read the whole list of changes here in the release notes. With more than 850,000 new lines of code added, ensuring the quality of the changes was really prioritized. Even an xNAV Testing Bounty program was implemented and new members are joining, helping in the process and reporting the bugs they’ve found.

Source

Cryptocurrency discussions / Re: XEM migration to Symbol phase 1 begins, price eyes $0.17

« on: September 27, 2020, 01:17:10 AM »

Quote from: P_Jay39 on September 27, 2020, 01:11:02 AM

Where can I read more about the tokenomics of their migrated token? Would love to learn more about it before trying to acquire a bit of XEMs.

Source - https://symbolplatform.com/tokenomics/

Cryptocurrency discussions / XEM migration to Symbol phase 1 begins, price eyes $0.17

« on: September 27, 2020, 12:57:06 AM »

NEM group developers have been working around the clock to ensure that the cryptocurrency migration process to Symbol, a next-generation enterprise-grade blockchain protocol, is smooth. It is essential to note that XEM users, the official token for NEM, will have to get ready for a snapshot that will convert their coins to the new XYM token on a ratio of 1:1.

At the time of writing, NEM (XEM) is trading at $0.1118. The token is still trading a lower high pattern. However, a higher low pattern formed from the beginning of September has formed a symmetrical triangle pattern.

The Relative Strength Index shines a light on the gradual uptrend above the trendline support. Movement of the indicator above 40 and 50 key levels would most-likely signal an increase in buying positions, which may eventually propel XEM above the triangle resistance. If a swell in the volume supports the breakout, NEM could easily climb above $0.14 and $0.17 critical hurdles. In July NEM rallied over 50% and chances are that it can repeat the same spike as long as fundamtal levels continues to improve.

Will this update help us get NEM ($XEM) break past top 20 cmc? I imagine more people acquiring $XEM because of their 1:1 airdrop

NEM Forum / How to get NEM's new XYM token's airdrop

« on: September 14, 2020, 10:31:32 PM »

On this episode of NEM Show, their CIO talked about the upcoming Opt-in, the future of NEM, and the upcoming launch of Symbol Blockchain.

Since we're all in for NEM here, its good to share this with everyone. I'm also hoping that their launch with Symbol will help boost up their market price.