Top 5 Best Free Ethereum Faucets, Reviewed for 2019

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#Ethereum #Faucet has become a fun way to obtain #ETH freely over the years without going through any #Exchanges. 🚰🚰🚰💧💧💧 Find out now!▶️ submitted by HBWallet to HBwallet [link] [comments]

Full Detailed Guide - Converting Reddit Moons to $$$

Full Detailed Guide - Converting Reddit Moons to $$$
This guide will be guide starting from nothing, to convert your Moons to ETH, I found lots of guides, but I ended up having to use about 4 guides, and a few videos to get it done, so I decided to put this guide together for the community.
To see the current price of Moons, go here:
https://info.honeyswap.org/token/0x1e16aa4df73d29c029d94ceda3e3114ec191e25a

Linking Metamask, and your Reddit wallet.
  • Go to https://metamask.io/download.html
  • Click the Chrome or Firefox logo, to add Metamask to your browser.
  • Now Open the Reddit app on your mobile
  • Open the Reddit Menu (Click your profile picture in the top-left)
  • Click on Vault
  • Click on the 3 dots next to Vault, once in the Vault Page.
  • Click on Recovery Phrase and Copy it to your clipboard.
  • Send the Recovery phrase to your computer in a secure manner, so you can access it on the computer you have installed Metamask
  • Once Metamask is installed, click "Import using account seed phrase
https://preview.redd.it/ar5ufuw8grp51.png?width=505&format=png&auto=webp&s=56c98ca22d2b3c7cf22e85c936040d1467694ee8
  • Paste in the seed phrase you got from your Reddit Value
  • Set a password, and continue, you should now be logged in to Metamask
Seeing your Reddit moons in Metamask.
  • In Metamask, switch to the Rinkeby Test Network

https://preview.redd.it/p5dxrldcjrp51.png?width=507&format=png&auto=webp&s=1c3431e7f1940eea7cab8e6d1870362e18f713df
  • Click "Add Token"
  • Click "Custom Token"
  • In the "Token Contract Address" field, put in 0xDF82c9014F127243CE1305DFE54151647d74B27A
  • Click "Next"
  • Click "Back"
  • Click "Custom Token"
  • In the "Decimals of Precision" field, put in 18
  • Click "Next"
  • Click "Add Tokens"
You should now be able to see your Reddit Moons Balance within Metamask on the Rinkeby Test Network
https://preview.redd.it/i63q1snijrp51.png?width=478&format=png&auto=webp&s=5e7de78801c20b3264f4a1fb00821a17b659d2fd
Funding your wallet to cover fees
Now you need to fund your main network "Main Ethereum Network" with around $20 of Ethereum (GAS fees were quite high when I transferred, mileage may vary here).
This is to cover purchasing Dai to cover conversions from xDai to Dai etc
  • Fund your main wallet from anywhere you like with Ethereum, to do so, switch back to the "Main Ethereum Network" copy the address, and then send some Ethereum (I did so from Binance)
  • You also need to fund your "Rinkeby Test Network" with Ethereum you can do this in several ways, most methods will require you to connect your wallet to one of the faucets available
  1. Use https://faucet.metamask.io/ ***
  2. Use https://faucet.rinkeby.io/ (Requires a social media post) ***
  3. Use https://testnet.help/en/ethfaucet/rinkeby (Requires registration via email) ***
  4. Use https://rinkeby.faucet.epirus.io/ ***
  5. Ask someone nicely on Reddit BankBailout was extremely kind in sending me some, and if anyone struggles with getting some via the other methods, then I will be happy to send some over!

I now have plenty of Rinkeby ETH, so feel free to reach out and I will send some over.

*** None of those worked for me, step 4 is how I got the ETH to convert it.
Now you have ETH in your "Main Ethereum Network" wallet and your "Rinkeby Test Network" Wallet, you now need some Dai in your "Main Ethereum Network" wallet
  • There are 3 solid DeFi exchanges below, look between all 3, to see who has the best GAS rate at the time, to maximize the amount you get from your Moons!
For Oasis
For Uniswap:
For Kyberswap:
Adding the xDai Network
  • Now go back to Metamask
  • Click on the Network Dropdown
  • Click "Custom RPC"
  • In the "Network Name" field, put xDai
  • In the "New RPC URL" field, put https://dai.poa.network
  • Click "Save"
Now you need to convert 5 Dai to 5 xDai
  • Go to https://dai-bridge.poa.network/
  • Link your Metamask wallet, in the top-right
  • Switch to the "Main Ethereum Network" wallet
  • Put in 5, and click Transfer
  • Confirm the transfer in your wallet pop-up
  • You should in a minute or so, have 5 xDai, in your xDai custom Network
Now the best part, converting those moons into $$$
  • Go to https://xmoon.exchange/
  • Connect your Metamask Wallet
  • Switch to your "Rinkeby Test Network" Wallet in Metamask
  • Click "MOON to xMOON"
  • Confirm the transfer in your wallet pop-up
  • Wait until the xMOON's show up on the exchange, it will be on the left-hand side.
  • Switch to your "xDai" wallet in Metamask

Selling large quantities of moons, at once, may tank the market a touch, due to the currently quite low liquidity.

At this point, you can continue to use xmoon.exchange, or you can use Honeyswap, which has around 10x the liquidity, at the time of posting.
Continuing on xMOON
  • On the exchange, click xMOON to xDAI
  • Confirm the transaction
  • Wait until the amount of xDAI Increases on the right-hand side of the exchange.
Using HoneySwap
Now converting those xDAI, back to DAI.
This can take up to 1 hour as reported by some users.
  • Go to https://dai-bridge.poa.network/
  • Switch to your "xDAI" Network within Metamask, if you are not already on it.
  • Transfer your xDAI to DAI via the bridge.
  • Confirm the transaction in your Metamask wallet pop-up
  • You should now have your DAI in your "Main Ethereum Network" Account
  • You can then use Oasis etc, or other DeFi exchanges, to convert that DAI to ETH, etc.
I then sent the ETH to my Binance, then my Coinfloor account in the UK, and cashed out to my bank.
I thought I would document this process for others, as I Imagine like myself many of us are going through hard times at the moment due to Covid, and the $200ish I pulled from this, will help myself massively, so hopefully, it will help some of you!
Please let me know, if I have missed anything, or if there is anything I should add.
EDIT 1: Added note about using Honeyswap, and instructions on how to do so, due to the increased liquidity.
EDIT 2: Added multiple Defi Exchange instructions, as the GAS fees on Oasis were getting really high.
submitted by DanklyNight to CryptoCurrency [link] [comments]

How to Convert Reddit MOONS to Dai (and then Ethereum, Bitcoin, fiat etc)

There are already good resources out there such as:
https://medium.com/dappworks/full-guide-convert-reddits-moon-cryptocurrency-into-e349ec1992d0#:~:text=Click%20on%20arrow%20button%20in,Click%20%E2%80%9CSEND%20MOONS%E2%80%9D
Hopefully, the guide below can help fill in any blanks or give you an alternate route. Please note this is a long and fairly complex process and runs the risk of loosing MOONs and small amounts of Ethereum and Dai which are used in the transfer process. I take no responsibility for individuals using this guide and it is up to you to research other resources and do your due diligence.

  1. Post engaging content, comments or memes...
  2. Hope that you get upvotes
  3. The more upvotes you get, the more MOONS (a cryptocurrency token) at the end of the month you get
  4. These MOONS are tokens on the Rinkeby Test Network, not the main Ethereum blockchain
  5. Now time to convert these MOONS to Ethereum, Bitcoin, fiat etc
  6. Please note that I am not responsible for any loss of funds beyond this point to proceed with caution!!!
  7. You will want to link your reddit MOONS account to a Metamask account
  8. Download Metamask if you haven't already (it's a Chrome app)
  9. Find out the seed phrase for your Reddit Moons Wallet (don't share this with anyone and keep it safe!). Do this by opening the reddit app and clicking on 'Vault' on the left hand menu
  10. Then click the three little dots next to Vault (at the top)
  11. Now click Recovery Phrase
  12. Write this down with pen and paper
  13. Now open Metamask and import your seed phrase to link the account (Note that your MOONS will probably not appear yet, will get to that later)
  14. Next up we are going to want to go to the exchange where we can swap our MOON tokens for Eth (although it is not as straightforward a process as you might think)
  15. https://xmoon.exchange/
  16. You will see that this exchange has three sections. The first allows us to exchange MOONS (on the Rinkeby blockchain) to XMOONS (on the XDai blockchain, where Gas fees are paid in XDai rather than Eth). The second section allows us to exchange XMOONS for XDai. The third section allows us to exchange XDai for good old fashioned Ethereum (on the actual Ethereum blockchain).
  17. Before we get started with any exchanging, we need to configure metamask a bit.
  18. First up we are going to make Metamask show the MOONS that we have. To do this, change the network from 'Main Ethereum Network' to 'Rinkeby Test Network' at the top dropdown menu. Now click 'Add Token' and custom token. Now input the following:
  19. Token contract address: 0xDF82c9014F127243CE1305DFE54151647d74B27A
  20. Click next once
  21. Now click back (weird I know)
  22. In the decimals of precision enter 18
  23. You should now be able to see the correct number of MOONS and this should match the amount you saw on your vault in Reddit
  24. In preparation for later we are also going to want to add the xDai network to our metamask
  25. To do this click on that drop down at the top of top of metamask again and click Custom RPC
  26. Now enter exactly what is shown here https://www.xdaichain.com/for-users/wallets/metamask/metamask-setup
  27. Still with me? Now we are going to get to exchanging
  28. Switch metamask back to Rinkeby Test Network and on xmoon.exchange click 'connect' and follow the instructions shown on metamask
  29. We are also going to need some Rinkeby Ethereum (don't worry it's free since its just a test network, go to https://faucet.rinkeby.io/ to get some (don't need much)
  30. Now click MOON to xMOON and convert the amount you want to!
  31. This process can take quite a while (took me 30 mins) so grab a coffee
  32. To check if you have xMOONs now, change your metamask over to xDai network
  33. They should appear on the xmoon.exchange site
  34. Next we want to convert these xMoon's into xDai, however, we have to have some xDai in there in the first place to pay for the gas (remember that this xDai blockchain uses xDai to pay for gas not Eth!). To do this, buy some Dai (20 USD should do) in your favourite way (normal exchange, DeFi, etc.) and transfer it to your Metamask account Eth account (ON THE MAIN ETHEREUM BLOCKCHAIN, DON'T USE RINKEBY!). Also transfer around 10 USD worth of Eth to your metamask to cover any gas fees on the Main Ethereum Blockchain side of things.
  35. Great, now while keeping Metamask on the Main Ethereum Blockchain, click DAI to xDAI and convert around10-20 USD.
  36. Once this xDai has shown up (again could take a while), switch metamask back over to xDai blockchain and click xMOON to xDai (this should be fairly quick)
  37. Now click xDai to Dai (might take a while again, don't panic like I did!)
  38. You should now have Dai on the Ethereum blockchain held in your metamask (which you can see once you switch metamask back over to Main Ethereum)
  39. Feel free now to do with the Dai whatever you wish! Send to an exchange and swap to BTC or Eth, keep a hold of in metamask etc etc

Please feel free to offer comments and corrections in the comments :)

Edit 1: Typo fix!
submitted by christophertacon to CryptoCurrency [link] [comments]

(Subreddit Update) How to Convert your REAP Tokens to Cash - A Detailed Guide

(Subreddit Update) How to Convert your REAP Tokens to Cash - A Detailed Guide

EDIT 07/10/2020:

The instructions are now complete :)

You will be able to sell your REAP tokens the 1st of November.

I will add a link to these instructions on the sidebar.
There is a fair number of people who sent the tokens to the migration address already, hoping to get xREAP and trade those for cash immediately...
The whole point of this community token is to reward contributors and content creators... Please use the token internally for a while, it defeats the whole enterprise if we just run to an exchange asap to dump them.
The instructions below are finally complete. However the migration from REAP to xREAP will happen November the first 2020.
_______________
This guide will be followed by a few other guides that will teach you how to purchase REAP tokens, how to gift them, stake them.
This guide is largely inspired by the procedures that /Cryptocurrency and /Ethtrader users followed in order to sell their community tokens for cash.
_______________
In order to sell your REAP tokens you will need a few things:
- Your Metamask Wallet
- Some Ethereum to cover fees (approximately 10$)
- Some Rinkeby Ethereum to cover fees on the Rinkeby Network
- Some Dai to cover fees (to be converted to xDAI to cover for fees)
It might seem complicated at first - however if you take the time to follow every step, and not skip any, then you'll be fine.

Step 1

The first thing you will need to do is migrate your REAP tokens to the XDAI Network (https://www.xdaichain.com).
Your Reap tokens are currently on the Ethereum Rinkeby Network (https://www.rinkeby.io/#stats).
In order to be able to trade REAP for Cash, you will need to move them from the Rinkeby Network to the xDAI Chain.
First, let's get some Rinkeby Ethereum to cover the migration fees.
You can get some free Rinkeby Ether here: https://rinkeby.faucet.epirus.io/.
Enter your wallet address and you will be sent Rinkeby Ethereum, which you need to move your REAP tokens out of your wallet.
Done? Let's continue :)
Now that you have some Rinkeby Ethereum to cover the migration fees, let's move your REAP tokens to the xDAI chain.
What you need to do: Send your tokens to this address: 0x061A2C24BFAbcC800f4C78385C169419DC2Fa61C
The address above is the REAP migration address and should only be used to send REAP tokens from the Rinkeby Network. Please don't send your REAP now. The migration will kick off the first of November 2020. Please use the token internally, in this sub, during the month of October.
Please double check the address before sending your tokens.
Click send!
You will be sent xREAP back, REAP tokens deployed on the xDAI network.

Step 2

You have sent your REAP tokens and in return, you have been sent xREAP tokens.
But in order to see and interact with your xREAP tokens, you will need to switch from the Rinkeby Network to the xDAI network.
In order to connect to the xDAI network, follow the instructions below:
  1. Open Metamask, and select "Custom RPC" from the Network Dropdown.
https://preview.redd.it/75qj0dvahir51.png?width=834&format=png&auto=webp&s=8d0e2d0f7a28f9ed32e89342967753765d94e389
2) In the "Custom RPC" Settings, add in the xDai network details and click Save:
Click SAVE.
Your are now connected to the xDAI network. After doing this, you will be able to see your xREAP tokens.
Add the xREAP token to your wallet by using the address below.
Click "Add token" (bottom button)
Then "Custom Token".
And then input the address below:
xREAP smart contract address: 0x42c6b3aC30Ae82D754498f56D9372F0070349409
Let's move on to the next step.

Step 3

You own xREAP and you are now connected to the xDAI network.
Now let's exchange xREAP tokens for xDAI (Dai deployed on the XDai Network).
Go to Honeyswap: https://honeyswap.org/#/swap
https://preview.redd.it/8v5e17yu3xr51.jpg?width=1052&format=pjpg&auto=webp&s=00c6b28f3721b8864c780d5f11c5d9abde2d92e2
https://preview.redd.it/zjeh23tibir51.png?width=1860&format=png&auto=webp&s=860fcc9d3d375df325a55e8b4896317e9e56d98f
"From" field: Click on xDAI. This will open up a token menu, like below.

https://preview.redd.it/exa8q3yqbir51.png?width=1860&format=png&auto=webp&s=86d903fe168fff94328dd304cd6d51d1a0db0091
In the field "Search name or paste address", paste the xREAP token contract address:
0x42c6b3aC30Ae82D754498f56D9372F0070349409
After the exchange, you will own xDAI.

Step 4 - Finally, cold hard cash.

Finally, the last step and the most satisfying.
You need to exchange your xDAI into DAI.
Go to this page: https://bridge.xdaichain.com
https://preview.redd.it/ka1r16epcir51.png?width=1860&format=png&auto=webp&s=3adcea65d0eceb6438b0b5c098a1ad3c38936c5c
Input the amount of XDAI you want to convert into DAI.
You will receive DAI (1 DAI = 1 US dollar) in your wallet.
That is the end of the process.
You are now able to do a number of things with your DAI. You can go shopping online, you can turn your DAI into Prepaid Credit Cards, sell DAI and send the cash to your bank account... enjoy!

submitted by Cryptolexicon to ReportMaleHateSubs [link] [comments]

How to sell xBricks for money (self post for mod approval)

Preface
I've written this guide with those that are unfamiliar with crypto in mind, however it's still a lengthy process. I'm going to try to present this in a way where you don't have to learn how the underlying crypto technology works, but I will add in links to relevant concepts in case you're curious. This process was a lot more complicated before but I made a web interface to simplify it.
At the time of writing this, FortniteBR BRICKs are worth 10 cents a piece. That makes 1000 bricks worth 100 bucks. The liquidity pool is about $14,000 at the time of writing, meaning that there's room in the market for you to hypothetically get $7,000 if you had a lot of BRICKs.
If at any point throughout this process you need help, DM me!
Misc. Resources That Might Be Helpful
What you need
You will need:
Step 1: Setup
On your desktop computer, install MetaMask. This is an Ethereum Wallet which will allow you to interact with the Ethereum Network and its many sidechains. More on this later.
Follow the setup instructions in MetaMask. If you've never done this before, you'll need to create a new seed phrase. Video tutorial if you get stuck.
YOUR SEED PHRASE IS THE KEY TO YOUR WALLET. ANYONE WHO HAS ACCESS TO YOUR SEED PHRASE CAN TAKE YOUR FUNDS. IF YOU LOSE YOUR SEED PHRASE YOU HAVE NO WAY TO RECOVER YOUR FUNDS. WRITE IT DOWN AND STORE IT IN A SAFE PLACE!!! NEVER GIVE IT OUT TO ANYONE - ANYONE THAT ASKS FOR YOUR SEED PHRASE IS TRYING TO SCAM YOU! DON'T FALL FOR IT!
In the MetaMask interface, you'll see "Main Ethereum Network". This process uses two networks. One of them is the Rinkeby Testnet (where the BRICK tokens are natively) and one of them is the xDAI network which is where we will bridge the tokens to in order to exchange them for Dai, a token which is pegged to the price of the dollar.
From the dropdown, select Rinkeby Testnet. If you're in the assets tab, you should see a thing that shows your ETH balance. Below this, you should see an "add token" button. Click it. Go to "Custom Token" at the top. In "token contract address," paste in the following:
0xe0d8d7b8273de14e628d2f2a4a10f719f898450a
The other fields will autofill. Hit next. You'll now see your BRICK balance (which will be 0, you haven't transferred your bricks yet) in MetaMask if you've done everything right.
You'll need Rinkeby Ether to cover transaction fees. Since we're on a testnet, the Ether is worthless which means people hand it out for free. You can get this Ether from a variety of places:
Now it's time to get your BRICKs from your Reddit vault into your MetaMask wallet.
WARNING: ALL CRYPTO TRANSACTIONS ARE IRREVERSIBLE.
Your Ethereum address shows up under Rinkeby. It should be "0x" followed by a bunch of hex characters. Click on it to copy it to your clipboard. You now need to somehow get this to your mobile device. Email it to yourself, text it to yourself, whatever.
On your Reddit mobile app home screen, click on your profile icon and then go to vault. You'll need to set this up and claim your tokens if you haven't already. Be aware that this is also technically an Ethereum wallet. Keep your seed phrase safe.
Send however many BRICKs you want to sell to your MetaMask wallet. Check to make sure the addresses are the same, but don't worry too much about making a typo or whatever. The chances that you'd make a typo that would result in a valid Ethereum address are slim, if you get a character wrong it'll just tell you it's not a real Ethereum address and prevent you from sending.
It may show an error when you try to send. This is somewhat rare but pretty normal. They often run out of testnet Ether. Come back later and try again.
If it works properly, it'll take about a minute to go through. It may take longer than that.
Once the transaction goes through, you'll see that you have an absurd amount of BRICKs in MetaMask. No, there wasn't a glitch. The people who wrote the code for BRICKs made the decimals of precision weird for some reason. It's off by a factor of 1018. This isn't a big deal.
If you see Bricks and Ether (ETH) in your MetaMask wallet, proceed to the next step. If you're having issues, feel free to DM me.
Step 2: Getting Your BRICKs from Rinkeby to xDai
There's a LOT going on under the hood for this part (deets for those interested). Previously this required manually generating contract interactions, which is kind of a pain if you're new to Ethereum. I made a UI to make this easier (it generates the transactions for you, all you have to do is sign them with your wallet). This took way longer to do than you might guess, so feel free to help a homie out at:
0x4BCcC2569DD93C7dF43431A7b70db569dedB6187
Go to my tool. Hit connect. If you're on the Rinkeby network, it should show your balance in BRICKs. Enter the amount you want to bridge (probably all of them). If neither of us have made any mistakes, it should pop up with a request to spend your BRICKs. If there's any issue with this tool, DM me. This allows the TokenBridge contract to take your BRICKs and put them on the xDai network where you can sell them. This is the part where you'll get an error if you don't have any testnet ETH. Set the gas price to 1 (the suggested price is based on the Main Ethereum Network - it's way too high). After you approve that, it'll give you another thing to accept. This is the actual transaction where it'll bridge to xDai. Again, make sure the gas price is set to 1 and confirm the transaction.
Add xDai to MetaMask
Switch to the xDai network. We're going to add another token. Again, go to "add token" > "custom token" > "token contract address". Paste in:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
If the transactions have gone through, you should see your xBricks (the name for BRICKs that have been bridged to xDai) in MetaMask. If not, wait a bit for the transactions to go through. Sometimes there are slowdowns that cause bridging to take a while. Shouldn't take too long, though. Once that's done, you're ready for the next step.
Step 3: Trading Your xBricks for xDai
Go to Honeyswap. Hit "select a token." You'll need to paste in the xBrick address again. Here it is:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
Click xBrick.
You'll need to flipflop the trade around by hitting the arrow button. xBrick should be on top. Type in the amount of xBricks you want to sell, or hit max to sell all of them. 1 xDai = $1. You'll need to hit approve first. Set gas price to 1 again. Then you can complete the trade by hitting swap. After a bit, the xDai should show up in your wallet.
Step 4: Mainnet
Everything on Mainnet costs actual money to do. It costs about 50 cents to make a transaction and it costs about 3 bucks to use an exchange like the one we just used. If you don't have mainnet Ether, you won't be able to do anything with your mainnet Dai (what xDai is called when it's bridged back to the main Ethereum network). You may be able to find someone to lend you some ETH to make these transactions with. Whatever you do, just be aware.
If you still want to bridge your xDai into Dai, go here and make sure xDai is on the left. If it's not, go in the top right and select xDai chain. Enter the amount of xDai you want to bridge to mainnet and then hit transfer. Follow the prompts. This part may take up to an hour due to recent network congestion. After it's done, if you go back to Main Ethereum Network in MetaMask you should see your Dai.
If you have a few bucks of ETH, you can use UniSwap to convert your Dai to even more ETH. Uniswap tutorial
Things you can do with ETH
submitted by Oninteressant123 to u/Oninteressant123 [link] [comments]

Reflections on setting up a validator as a genuine complete noob

So this weekend I set myself a challenge of getting a medalla testnet validator up and running. The good news is, I did! The less-good news is, it took me the best part of five days.
One of the things that I found most difficult was that in spite of the many excellent guides that have been written on this so far, none of them (purely in my own experience) have been comprehensive from the perspective of a 100% full noob. None of the guides I followed I was able to make work without issues being encountered of some kind (albeit some minor). This is more a reflection on my own ability, so I'm making this post in the hope that some future expert documentor will take note of some things that werent obvious to me as someone with absolutely no knowledge of Linux or CLIs.
As an analogy, it's akin to reading a recipe where there is an instruction to, for example, 'par boil the potatoes' without describing the process itself for people who dont know what that is. How long for? Do the potatoes need to be peeled? Cut into pieces? Do we add salt? Does the water need to be boiling right the way through? How do we know when done? Do the potatoes need to cool? etc etc.
Some reflections on the experience (not of potato boiling):
  1. Hardware setup: I used the hardware recommendations from u/superphiz in this post. I'd never built my own computer before, but found it pretty straightforward thanks to the power of the youtube.
  2. Guides: I then set about following u/maninthecryptosuit 's guide here, but also referred to approx half a dozen other guides that have been posted on this sub in the past week (shoutout to u/metanull-operator's excellent guide in particular). I really appreciate the time taken by each individual in attempts off their own volition to help the community. I would not be here without those efforts.
  3. Operating System: As per superphiz, I chose Ubuntu Server 20.04 as the recommendation to keep the system as light as possible makes sense. This was the first thing to be set up after building the NUC. It was fairly straightforward to download, although there was a small technical hurdle to format my USB stick to suit Linux from the Mac laptop Ubuntu was initially downloaded to. It was not obvious to me that this needed to be done (although it is now!). Again, Youtube, but recommend that this is at least mentioned in future guides as noob. Although the recommendations in most guides seemed to be to use Ubuntu Server, and I did initially set this up, I eventually ended up starting the process again from scratch with Ubuntu desktop. More on that later.
  4. The command line: this was the first time I'd used a command line interface. At first I genuinely didn't know where to start (as in, literally how to access Terminal and what that is). However, once I got in, it was easy to copy and paste commands (I needed to google to learn about the various shortcuts etc). Sometimes I had issues with copy/pasted commands instantly executing when i wasnt expecting it, and sometimes not. And often the commands were split over multiple lines without that being obvious, leading to malformed arguments. One of the main issues I had throughout was not having a solid understanding how directories are structured in Ubuntu, and how to navigate those via command line... forward, back, checking the contents of a directory, etc. Again more google.
  5. Remote access: The next challenge I had was understanding conceptually at a high level what systems I would be using - as in, am I supposed to be doing this whole process on the actual machine that will be running the validator? I'm going to be saying this a lot, but as a total noob, this was not immediately obvious to me.In fact, what eventuated was that I set up Ubuntu desktop on the host machine, SSH'ed in from my Macbook, where I then did most things. Some guides did cover this to a degree... but I encountered some issues where sometimes I would get locked out due to permissions/keys issues. I wont go into those suffice to say I think remote access/SSH is an area which needs more coverage in guides as it seems to be pretty standard way of doing things. I felt quite satisfied getting that aspect working - it felt like some kind of magic.
  6. Setting up the pre-requisites: in all of the guides there were list of prerequisite things that needed to be set up to get validators etc working (things like git, python, rust, etc). I didn't have many issues here as I was simply cut and pasting commands into Terminal. My main issue was that where things did go awry it was not easy to diagnose why and address. Sometimes I would attempt something one way from Guide A, fail, then attempt a similar thing from a different guide, and not get good results because each guide sets up things sightly different and in different directory locations. As such, I found myself usually contained within one guide for the duration and found it difficult to take advice from the others in case of conflicting instructions.
  7. Setting up ETH1 node, beacon chain, and validator.
This was obviously the most difficult step. Issues:
The first challenge I had was that the order of operations across various guides was not consistent. In some guides the ETH1 node was set up first (or sometimes not mentioned), and in some guides not. In some guides validator keys were set up early, some not. That was confusing to me. There wasn't much narrative as to what needs to be set up first/last and in what order - I get that there is flexibility now, but only after having gone through the process. This led to an issue where in some cases I ran into difficulties, then switched to the corresponding instructions from a different guide (eg setting up a beacon node) but because the order of operations was different, certain things that had already been set up in guide 1 had not been in guide 2, causing the (no doubt very accurate) instructions not to work in my case. Very frustrating.
The reason I felt the need to hop between guides is because there was minimal guidance on how to diagnose issues that arose. Without any instruction on the nature of issues, what do do, what commands to execute to diagnose and fix, I felt my best option was to see what other guides were doing on the same topic in the hope that they gave a steer on how to progress. Not ideal. I recognise much of that was driven by my own impatience - I should have been more methodical in attempts to resolve issues in their current state but it is frustrating to get stopped frequently.
Goerli test ETH: some of the methods recommended to get this were better than others. Prysm and Ethstaker discords seemed the easiest way. There were other recommendations about to tap various faucets many times for tiny amounts of ETH which seemed pretty impractical given we need 32, I'm not sure why they were recommended in the first place.
Validator keys: there is a need to generate your validator keys via the ETH2 launchpad (or CLI). Although generating the keys themselves I found straightforward...
It was difficult to understand how to get my keys from the server into the ETH2 launchpad interface, or conversely from my laptop (where my usual metamask account is) to the server and to tell if actions had been successful or not as there is no immediate CLI feedback. I struggled with this for so long that I gave up in the end and switched to Ubuntu Desktop, restarted the entire process from scratch, just so that I could set up a new metamask on the main machine and drag and drop the files. This was most the most difficult aspect for me of the entire setup... copy/pasting and navigating Ubuntu CLI folder structures is not easy for someone with no previous understanding of the CLI. What I really wanted here was a step by step instruction on how to do this, beyond just "generate your keys on launchpad and send them to your validator keys folder."
After that, I found it fairly straightforward to set up the ETH1 node, beacon node, and validator (I chose Prysm) following the documented steps. I did not succeed initially with the client setup instructions from the ETH2 launchpad and ended up going down a black hole where I eventually got Prysm working via VM, but this caused further issues down the line and contributed towards me starting afresh.
My main issues were around the management of the processes once active. It was not obvious to me what was supposed to happen in regards setting these up in separate terminal windows, and whether or not to leave the terminal windows open. In practice, I ended up closing the terminal windows and was then uncertain on a) whether this had stopped the processes from running and b) how to get them back.
So, the areas I found I wanted more detail on in instructions were:
- what are the processes (Terminal outputs) supposed to look like when they are successfully running?
- what are they supposed to look like while they are running but not yet fully synced?
- how can I check up on the status of these from the CLI?
- if I close a terminal window, how can I get back a live view of the processes?
- what has happened to the processes if/when the windows are shut down?
- what happens if my laptop is shut down but the server is still active?
- what happens if BOTH (or just the server) are shut down and how do I get them back?
All told, I'm super happy and appreciative to all of those whom I have drawn on to get my validator up and running. However I'm not certain at this point that I will be setting this up when it goes live, at least not initially. The main reason for that is that even though I know where to go to get help in working through issues (shoutout and props to ethstaker and Prysm discords!), I have next to no ability to diagnose and fix issues myself to the extent that I feel confident enough in what I'm doing to trust 32 ETH to it. Debugging overall was the main stress. I dont think I would do this again without a stress-tested GUI which involves minimal steps/clicks.
Hopefully that was useful to some people who may have been having similar issues.
TLDR; some issues happened that I couldn't work out how to fix and that was frustrating.
Edit: am going to attempt setting up Lighthouse, Grafana and Prometheus using u/SomerEsat's guide here next.
submitted by Coldsnap to ethstaker [link] [comments]

How to convert your Moons into real money (Dai)

Here is a little step-by-step to convert your Moons into Dai...a reddit user made this possible, check out his video if you have any issues - https://np.reddit.com/ethereum/comments/hklh3o/xmoon_exchange_is_live_trade_reddit_moons_fo

Here is what you will need to do in preparation to sell your moons.
-Get metamask setup on Chrome/Brave
-Fund your metamask wallet with a bit of eth (needed to convert XDai into Dai)
-Get some eth from a Rinkeby testnet faucet for free (moons are currently on this testnet)
-Add XDai as a custom network ( https://dai.poa.network ) to metamask
-Send your moons from the vault to your metamask address (they will show only in the Rinkeby testnet on your metamask)
Then after those are steps are done, go to https://xmoon.exchange/ and follow these steps
-Connect your metamask wallet to https://xmoon.exchange/
-Switch to the Rinkeby Testnet, convert Moons to Xmoons
-Switch to Xdai custom network on metamask
-Convert XMoon to XDai
-Convert XDai to Dai
Now you should have Dai in your main metamask wallet. Sorry if I missed any steps, and you might need a little bit of xDai to cover fees the first time.
submitted by jthawks to CryptoCurrency [link] [comments]

Swarm Beta (Release v0.3.0) - Release Notes

Bee Beta contains the required features to build rich applications on top of Swarm. This release adds:

We invite you to try it out and get in touch at our BeeHive or Telegram.

Milestone

Bee's third release marks a major milestone of the Bee project; we believe that developers can now unleash rich applications over Swarm with a good balance of performance and security. We understand that as the Swarm ecosystem develops, developers might need access to low-level APIs in order to develop a rich application experience, we therefore also offer a set of low-level APIs that allow you to interact with the Swarm network in your own, custom way.
We invite you to use our APIs. Your feedback would be beneficial for us to further improve them in the future.

Breaking changes

Several breaking changes were introduced with this version. You are advised to update your nodes promptly.

Bandwidth incentives

Bee Beta contains the basis for the Swarm bandwidth incentives. You will now earn gBZZ (Görli BZZ) by running your Swarm node. Conversely, you are required to pay with gBZZ in order to upload and download content. You can get gBZZ at our faucet - check our documentation on how to fund your node's chequebook.

Zero-leak messaging

Bee Beta releases the second iteration of Pss (Postage service over swarm). Pss is zero-leak messaging over Swarm that allows for confidential, anonymous and untraceable node-to-node communication. Pss comes with a websocket API that allows clients to send a message to a recipient on an overlay address as well as to subscribe to a topic and receive messages.

External signer

Bee now supports an external signer (Clef) for security reasons to allow private keys not to be exposed to the client process.

Speed improvements

Uploading and downloading data to Bee is now significantly more performant than it used to be(e).

Documentation

All new features are documented in our documentation.

Get in touch

As mentioned, we invite you to start building your applications on top of Swarm. We welcome discussions and collaborations. Get in touch with us via Telegram or the Beehive.
submitted by ethswarm to ethswarm [link] [comments]

Ethereum on ARM. New Eth2.0 Raspberry pi 4 image for automatically joining Prylabs Onyx Eth2.0 testnet. Step-by-step guide for installing and activating a validator.

TL;DR: Flash your Raspberry Pi 4, plug in an ethernet cable, connect the SSD disk and power up the device to join the Eth2.0 Onyx testnet.
The image takes care of all the necessary steps to join the Eth2.0 Onyx testnet [1], from setting up the environment and formatting the SSD disk to installing and running the Ethereum Eth1.0 and Eth2.0 clients as well as starting the blockchains synchronization (for both Geth Eth1.0 Goerli [2] and Prysm [3] Eth2.0 Beacon Chain).
You will only need to create a validator account, send the deposit of 32 Goerli ETH to the Onyx contract and start the validator systemd service.
MAIN FEATURES
SOFTWARE INCLUDED

INSTALLATION GUIDE AND USAGE

RECOMMENDED HARDWARE AND SETUP
STORAGE
You will need and SSD to run the Ethereum clients (without an SSD drive there’s absolutely no chance of syncing the Ethereum blockchain). There are 2 options:
In both cases, avoid getting low quality SSD disks as it is a key component of you node and it can drastically affect the performance (and sync times). Keep in mind that you need to plug the disk to an USB 3.0 port (in blue).
IMAGE DOWNLOAD AND INSTALLATION
1.- Download the image:
http://www.ethraspbian.com/downloads/ubuntu-20.04-preinstalled-server-arm64+raspi-eth2-onyx.img.zip
SHA256 13bc7ac4de6e18093b99213511791b2a24b659727b22a8a8d44f583e73a507cc
2.- Flash the image
Insert the microSD in your Desktop / Laptop and download the file:
Note: If you are not comfortable with command line or if you are running Windows, you can use Etcher [8]
Open a terminal and check your MicroSD device name running:
sudo fdisk -l 
You should see a device named mmcblk0 or sdd. Unzip and flash the image:
unzip ubuntu-20.04-preinstalled-server-arm64+raspi-eth2-onyx.img.zip sudo dd bs=1M if=ubuntu-20.04-preinstalled-server-arm64+raspi.img of=/dev/mmcblk0 conv=fdatasync status=progress 
3.- Insert de MicroSD into the Raspberry Pi 4. Connect an Ethernet cable and attach the USB SSD disk (make sure you are using a blue port).
4.- Power on the device
The Ubuntu OS will boot up in less than one minute but you will need to wait approximately 7 minutes in order to allow the script to perform the necessary tasks to join the Onyx testnet (it will reboot again)
5.- Log in
You can log in through SSH or using the console (if you have a monitor and keyboard attached)
User: ethereum Password: ethereum 
You will be prompted to change the password on first login, so you will need to log in twice.
6.- Forward 30303 and 13000 ports in your router (both UDP and TCP). If you don’t know how to do this, google “port forwarding” followed by your router model.
7.- Getting console output
You can see what’s happening in the background by typing:
sudo tail -f /valog/syslog 
7.- Grafana Dashboards
There are 2 Grafana dashboards to monitor the node (see section “Grafana Dashboards below”.
See [9]

The Onyx Eth2.0 testnet

Onyx is an Eth2.0 testnet created by Prylabs according to the latest official specification for Eth2.0, the v0.12.1 [10] release (which is aimed to be the final).
In order to run an Onyx Eth 2.0 node you will need 3 components:
The image takes care of the Eth1.0 Geth and Eth2.0 Beacon Chain configurations and syncs. So, once flashed (and after a first reboot), Geth (Eth1.0 client) starts syncing the Goerli testnet and the Beacon Chain (Eth2.0 client) gets activated through the Prysm client, both as systemd services.
When the Goerli testnet sync is completed, the Beacon Chain starts syncing. Both chains are necessary as the validator needs to communicate with them (as explained below).
Activating the validator
Once Goerli and the Beacon chain are in sync you have just one task left, configure the Validator for enabling the staking process.
The image provides the Prysm validator client for running the staking process. With this validator, you will create an account with 2 keys (public and private) and get an HEX string that needs to be sent to the Eth 1.0 blockchain as data through a 32 ETH transaction.
The Beacon Chain (which is connected to the Eth1 chain) will detect this deposit (which includes the validator public key) and the Validator will be activated.
So, let’s get started. Geth Goerli testnet and the Beacon Chain are already syncing in the background. Goerli will sync in about 1 hour and the Beacon Chain in about 2 hours (so this will take 3 hours overall).
The easiest way to enable a Prysm validator is to use the Prylabs web portal to get Goerli ETH (testnet ETH) and follow their instructions:
https://prylabs.net/participate
Let’s break this down:
Step 1) Get Prysm
Nothing to do here. Prysm is already installed.
Step 2) Get GöETH — Test ETH
We need 32 ETH to stake (it is fake ETH as this is a tesnet). Prylabs created a faucet with a great UI so you can easily get 32.5 Goerli ETH.
You will need a web3 provider to use the faucet. Install Metamask browser extension (if you don’t have it running yet). Create an account and set the network to “Goerli test network” (on the top of the Metamask screen). Now, click once in “Metamask” and then click “Need GoETH?” button. Confirm the transaction.
Once funded, you will see something like this:
You are 0x0b2eFdbFB8EcaF7F4eCF6853cbd5eaD86510d63C and you have 32.5 GöETH. 
Step 3). Generate a validator public / private key
Go to your Raspberry Pi console and run the following command (make sure you are logged in with your ethereum user):
validator accounts create 
Press return to confirm the default path
Enter a password twice (you will need it later to run the validator so write it down and be careful). Once finished, your account will be created (under the /home/ethereum/.eth2validators directory) containing, among other info, your validator keys. Additionally you will get the deposit data as follows (this is an example):
========================Deposit Data======================= 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 =================================================================== ***Enter the above deposit data into step 3 on https://prylabs.net/participate*** 
Copy this data (just the hexadecimal part, from 0x to the last number), go back to step 3 of Prylabs website and paste it into the field “Your validator deposit data”.
Step 4) Start your beacon chain & validator clients
Beacon chain is already running in the background so let’s configure the validator. Just edit the /etc/ethereum/prysm-validator.conf file and replace “changeme” string with your password (you can use nano or vim editors). Now run:
sudo systemctl enable prysm-validator && sudo systemctl start prysm-validator 
Check if everything went right by running:
sudo systemctl status prysm-validator 
Step 5) Send a validator deposit
We are almost there. Just click the “Make deposit” button and confirm the transaction.
Done!
Now you need to wait for the validator to get activated. In time, the beacon chain will detect the 32 ETH deposit (which contains the validator public key) and the system will put your validator in queue. These are the validator status that you will see during the activation process:

Grafana Dashboards

We configured 2 Grafana Dashboards to let users monitor both Eth1.0 and Eth2.0 progress. To access the dashboards just open your browser and type your Raspberry IP followed by the 3000 port:
http://replace_with_your_IP:3000 user: admin passwd: ethereum 
There are 3 dashboards available:
Lot of info here. You can see for example if Geth is in sync by checking (in the Blockchain section) if Headers, Receipts and Blocks are aligned or easily find the validator status.

Whats's next

We are planning a new release for a multi testnet Eth2.0 network including Prysm, Teku and Lighthouse client (and hopefully Nimbus).

Gitcoin Grant

Gitcoin Grants round 6 is on!. If you appreciate our work, please consider donating. Even $1 can make the difference!
https://gitcoin.co/grants/384/ethereum-on-arm
Follow us on Twitter. We post regular updates and info you may be interested in!
https://twitter.com/EthereumOnARM

References

  1. https://medium.com/prysmatic-labs/introducing-the-onyx-testnet-6dadbd95d873
  2. https://goerli.net
  3. https://docs.prylabs.network/docs/getting-started/
  4. https://www.reddit.com/ethereum/comments/gf3nhg/ethereum_on_arm_raspberry_pi_4_images_release/
    1. Installation script: https://github.com/diglos/pi-gen/blob/ethraspbian2.0/stage2/04-ethereum/files/rc.local.eth2.onyx
  5. https://github.com/ethereum/go-ethereum/releases/tag/v1.9.15
  6. https://github.com/prysmaticlabs/prysm/releases/tag/v1.0.0-alpha.13
  7. https://grafana.com/
    1. Prysm Dashboard: https://github.com/GuillaumeMiralles/prysm-grafana-dashboard/tree/master
  8. https://etcher.io
  9. https://twitter.com/EthereumOnARM/status/1277184480189517824
  10. https://github.com/ethereum/eth2.0-specs/releases
  11. https://github.com/goerli/altona
submitted by diglos76 to ethereum [link] [comments]

Are there plans to attract developers and defi applications?

From what I understand team promotes energi x, a faucet bot called arcade, and EBI(a group of people helping with security).
I see a problem with each one of them:
Energi x:
Arcade:
EBI:
I do not think energi team should create dapps, my point is that energi team is working on implementing tools instead of building an ecosystem.
In my opinion energi team should be working on attracting developers. There is no way energi team could keep up with all the momentum created by massive development teams on other blockchains.
Think about it, while in other blockchains their founders work on partnerships and attracting developers, energi is working on very specific tools, and it is only energi team the one developing.
EDIT:
I can't answer to comments. Am I kind of banned?. So I will answer here.
I am not the person who used bots on airdrops, I do not even participate on airdrops.
It is good that a community moderator replies and replies quickly.
However, those answers are from a person who thinks everything is ok, for example:
It has already been stated that it will be a centralized exchange
Decentralized exchanges are the future, uniswap surpassed coinbase some days ago, and that's just the beginning.
To my understanding, there won't be any incentives for governance nor liquidity (other than the 0 fees for NRG pairs of course)
It's better to have those incentives, read what is happening with uniswap and sushiswap. I agree Energi team can get there later. But that's precisely my point, team seems slow and lacks vision, slow is not bad, but both are questionable.
Current plans for Energi X have not been finalized at this time and we will announce more information as it becomes available.
Lack of vision. I do not mean to be rude. This is my observation. It would be great to have A players on Energi.
Arcade
I do not even know why are we discussing something that even should not have been. Again not being rude, just my opinion.
EBI
I appreciate the efforts they are doing, is a group of people scalable to handle complains that Energi would have in case the network grows? A team of humans handling case by case is not scalable.
I understand in this day and time that people are heavily focused on "instant gratification" and they don't understand that a project can build. Energi started as a PoW, moved to PoS and now has smart contract platform capabilities (while still retaining our PoS capabilities). We have accomplished much in the last couple years and we continue to move forward. Those that are looking for a "Get rich quick scheme" need to look elsewhere. We are building a quality ecosystem and this takes time. 
It is not about instant gratification or getting rich quick, it is about doing the right things.
Energi started as a PoW. That effort is already Ethereum effort. Changed to PoS. There are a lot of PoS networks. A PoS network with smart contracts. There a lot of them too.
What did Energi contributed here?, it is like Energi development team is a group of developers learning how to do things that others have already done. And that's not bad. My point is that for Energi to go beyond that it needs to put effort on the things that disrupt and innovate.
submitted by pills4 to energicryptocurrency [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
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August 2020 Updates

August 2020 Updates

https://preview.redd.it/rx0ueor58jk51.jpg?width=1280&format=pjpg&auto=webp&s=42dc778f409f09c0c522279e141a59e04096ac36
August has been a rewarding month for the Swipe team as it successfully launched and introduce multiple programs, partnerships, and new product announcements. These updates made the Swipe, and even the crypto community, to look forward to the upcoming plans that the team has in store.
Swipe Staking & DeFi
With the launch of the Swipe Network testnet, Swipe users can now use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.
A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand. Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain.
Also, as Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances held on the Swipe Wallet beginning last August 23rd.
Details of the staking can be viewed at https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813
At the same time, Swipe announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. Called SwipeFi, it will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain.
Swipe x WBTC
Swipe has partnered with WBTC Network and is now officially a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe has also listed $WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.
SXP Listings
Swipe Token ($SXP), the native token of Swipe, is now listed on its second Indian Exchange, CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT.
SXP is also added to Korea’s top exchanges Coinone and Upbit. Traders using these platforms can now exchange with $SXP/KRW pairs for Coineone and $SXP/BTC pairs for Upbit.
The Swipe Product Manual
Swipe released its new redefined whitepaper titled Swipe Product Manual. It was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned.
The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.
0% Fees
Swipe users can now enjoy 0% fees on crypto purchases, selling, and conversion to and from fiat currencies, as Swipe announced the removal of its 1% fee. On top of this announcement, Swipe cardholders will also enjoy waived membership fees and free card shipping.
Swipe AMA
For Swipe’s second AMA event, Swipe CEO Joselito Lizarondo answered the questions from the Reddit community regarding Swipe’s activities and plans for the future. In his first blog post, Lizarondo talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.”
Read the whole transcript of Joselito Lizarondo’s AMA here: https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589
Swipe, Kava Partnership
Swipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed $KAVA and $USDX on the Swipe Wallet platform where users can buy and sell both of these coins with a linked bank account or credit/debit card, enabling it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.
Swipe’s Chainlink Based Price Oracles Now Live
Swipe has collaborated with Chainlink to launch a live SXP-USD price oracle on the Ethereum mainnet. Users will receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain by switching to Chainlink.
This ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more.
Swipe Lists & Partners with Band Protocol
Swipe has recently formed a strategic partnership with Band Protocol for the implementation of Band Protocol’s secure and scalable oracles on the launch of SwipeFi, the money market protocol coming soon to Binance Smart Chain.
Both teams have been working to integrate a custom oracle script on BandChain for a more cost-effective and refined SXP-USD price oracle that will improve the existing oracle design that only updates once every 24 hours or per 1% price deviation. By using BandChain, SwipeFi developers can create fine-tuned custom decentralized oracles that specify any external data source to connect to, aggregation methods and update parameters. This means that SwipeFi will no longer be limited to by predetermined datasets or delayed data arising from the limitations of particular blockchain networks such as congestion that stalled Ethereum-based oracle feeds for almost six hours.
Swipe has also listed $BAND on the Swipe Wallet and Swipe Visa card platform so users can buy, sell, convert and spend BAND at over 60 million merchants worldwide.
Swipe Mobile App Updates
The Swipe team has released two updates for its mobile application. On version v1.506 of the application, the team has updated the credit/debit purchase module and 3ds, iOS live chat, card order results failover module, and the iOS 14.0 compatibility version. The team has also fixed the All button issue, card rewards and percentage issue, and crash issues. The fees in exchange and credit/debit purchases were also removed in this update.
The team later has also released the v1.507 update to fix SMS issues on registration and server upgrade.
All New Swipe Cards
Swipe released a new addition to its existing card lineup last August. Adding to the list of Swipe cards are the Swipe Sky and Swipe Steel.
Swipe Sky, a blue-colored Visa card, offers 2% cashback on all purchases, dual-Interface NFC/EMV card, ATM cash access, 300 SXP stake required for six months, and rewards & benefits program. Swipe Steel, on the other hand, offers 4% cashback on all purchases, dual-interface NFC/EMV card, ATM cash access, 3,000 SXP stake required for six months, rewards & benefits program, and no foreign transaction fees.
Alongside with these new cards, Swipe also announced that Visa card orders are now completely free to their users. This means free card orders, shipping, and also no annual/monthly fees and transaction fees.
Order Swipe Card here: sw.pe/Card
Swipe Widget Beta Program
Swipe is calling all developers who want to integrate a seamless non-custodial crypto on-ramp service for their clients. With Swipe Widget Beta Program, customers can seamlessly verify, pay, and receive coins within five minutes without leaving the platform. It can also easily enable over 30 cryptocurrencies to be purchased with bank accounts, credit cards, and more.
Email: [email protected] to join the beta today
Swipe Now in the USA
The Swipe Wallet app is now open to all United Stated users except for New York State residents. Verified USA users can now buy & sell over 30 Cryptocurrencies commission-free today.
As Swipe enters the US market, it also announced its partnership with Evolve Bank & Trust for its crypto-funded USD checking accounts and debit cards.
Swipe will be introducing US Dollar Checking Accounts for users within the United States that will be held at Evolve Bank & Trust and accessible via the Swipe Wallet Mobile Application.
Users will be able to deposit their direct deposit paychecks into this account and access it via the mobile app. The accounts provided by Evolve Bank & Trust will include FDIC insurance up to applicable limits. Users will be able to use these accounts to purchase and sell supported cryptocurrency on-demand with access to ACH and wire payment networks.
Swipe Integrates On-demand Gift Card
Swipe announced the integration of on-demand gift cards powered by over 30 cryptocurrencies. Users will be able to buy gift cards from over 100 global retailers directly in the Swipe Wallet app with up to 10% cashback.
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

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I'll pay $17 @ lvl 14 if you want and $18 @ lvl 22 up to you BC.GAME https://bc.game/i-1mfhy85b-n/ BOOST UR cryptos Free ethereum every 6 hours as A VIP14 .00034 for tagging coco the mascot. Free spin on the prize wheel every day multiple crypto rains and crypto bag drops free VIP transfer earn coins by staking your bankroll daily bonuses for coin gain 15 major crypto coins. On-site coin Swap check it out using my referral gives you 5 trtl coin see to start with but you'll get a free spin on the wheel which will give you coin in the beginning. Sign up register._ go to bonus go to the task list they'll give you free ETH for setting 2 Factor authentication and free EOS for invite a friend and more free ETH for VIP4 status huge faucet this site is so um bring a umbrella or find lee harvey oswalt cuz this much FOMO is hard to hide from. https://bc.game/i-1mfhy85b-n/
submitted by vegasrep to CryptoAirdrop [link] [comments]

Is Rinkeby faucet down or something?

Hi, I'm kinda new to ethereum test networks and using rinkeby faucet to get some eth. Need it to cash in on some MOON. However, I put in my tweet and now it hasn't gone through. Been 16 minutes now. Alternatively someone could send me some eth lol.
I do need to use rinkeby though because of MOON.
I've read that it can go down sometimes. Can someone check for me? I would really appreciate it.

(Dk if this allowed but if you wanna just send me some eth on rinkeby my address is )
0xFCFC6534E940D2af81274ECD8F8a9F03d8c5A0Ac

Thanks!
submitted by troyboltonislife to ethdev [link] [comments]

Weekly free crypto accumulation $150 this week - How to build your crypto portfolio for free

Every week I give advice on how you can earn free crypto then cash it out in bitcoin or money.
--
Dolla
Going strong, now up to 200k DLA. They just announced it is launching on the Stella platform rather then NEO or ethereum.
https://imgur.com/KOtF4S8
I think it will only be a few more months before it's being used as a rival to XRP (ripple)
Sign up and get it for free, you just have to join their social profiles like reddit, twitter, facebook, telegram etc.
--
Brave
Up to 0.01 bitcoin again, it has gone up a bit but not much..
https://imgur.com/RUWOOGP
I connected my youtube, twitter and github accounts so people can tip me when they use the brave browser it BAT.
I luckily have got about 100 + BAT in tips in the past few weeks.
I highly recommend you do the same if you have decent social accounts, it even connects to twitch!!
--
Free PI
To claim your Pi, follow this link https://minepi.com/patotterman and use my username (patotterman) as your invitation code.
My stash:
https://imgur.com/05vbFXf
This is not worth anything yet, but its free. They are getting into the stage where you can send Pi on the network for pi related aps, so they are building a marketplace.
It shouldnt be to much longer before you can withdraw it.
People hate this free crypto and refer to it as a pyramid scheme, but its free, costs nothing to mine it so its up to you.
--
Horizen - ZEN
Faucet is still open and you can get free ZEN by playing games and connecting your social accounts.
It has a good value and its free.

If you need a good wallet get the Ledger backup pack I would highly recommend it and would not use any free wallets out there.

So still growing, stacking it up. You should put a bit of your side hustle time into signup up gathering your own crypto.
submitted by travk534 to thesidehustle [link] [comments]

[Opinion] TOP 15 MICROCAP GEMS 2020

I've taken some free time to research some of the microcap tokens in CMC & Coingecko and came up with a small list of gems that should be on everyone's radar. I do hope everyone’s well & kicking during this Covid-19 crisis. It will pass like how we've conquered the previous pandemics. Meanwhile, do your part, & stay HOME!
I define microcap anything below 20 million market cap OR is at least 200+ in its market cap ranking and this article is solely picked out from the crypto twitter community.
For any business-related matters, you can shoot me an email here. If you're a microcap gem hunter, feel free to join us and contribute to this chat.
In no particular order, we have
1. PhoenixDAO ($PHNX)
Let me begin with a fairly low market cap that is unique and interesting. PhoenixDAO is a decentralized open-source blockchain project that was a relaunch of the Hydro Ecosystem to bring decentralization and more power back to the community. They forked the open-source Project Hydro protocols such as Identity, Security, Tokenization just to name a few. These set of protocol solutions (smart contracts) are still based on top of Ethereum to create a simpler, fairer, and more decentralized ecosystem for all.
Features of PhoenixDAO in comparison to Hydro:
📷
What is interesting about this project is that they're offering 6 solutions housed under a single PHNX ecosystem. Better yet, Numio is a private company in a service agreement with the foundation to enhance the ecosystem whilst implementing PHNX tokens into their DeFi products (Pay & Vault). Read more about the agreement here.
Here is where it becomes even more interesting. PHNX inherited the identity management and aggregation framework on the Ethereum blockchain called ERC-1484, which allows gas-less or feeless transactions using the method called Meta transactions within their dApps. This is made possible through meta-transactions of the ERC-1484. Now, with this technology, companies like Numio can build dApps that send money, at competitive fees, anywhere in the world which should be available in the iOS app store and the Android store.
The PhoenixDAO will feature voting rights, staking mechanism, dApp store, community proposals & other incentives. This translates to giving the community the power to decide where the foundation should head while maintaining a decentralized ecosystem. To dive deeper into the Phoenix DAO, read this comprehensive & first look into it! Imagine getting in early on MKR & KNC, this alt is a MUST HAVE in your bag!

TG.Twitter.Website.Uniswap.

2. Sparkpoint ($SRK)
Sparkpoint is another microcap gem you wouldn’t want to miss. This is one of those altcoins that have multiple products in their ecosystem. One of the games I enjoyed the most is their first-ever Blockchain game in the Philippines - the Crypto Slicer. This game allows you to earn crypto & NFTs as you progress throughout the game. Check out these tradeable NFTs here!
📷
Link to IMG.
That is not the only thing to be hyped about this company, there are also DeFi features such as their SparkPoint wallet which allows the staking of their native token, and much more!

TG.Twitter.Website.Uniswap.

3. Ferrum Network ($FRM)
Next on our list is Ferrum Network (FRM), which is another Microcap DeFi & fintech company tackling the finance industry by providing emerging markets financial products with the help of innovative technologies such as Blockchain. To seal the deal as a MUST HAVE ALT, Chico Crypto covered Ferrum Network right below!
With the LOW token supply, the strong team behind the company, unparalleled upside potential in the Defi space, $FRM is one of those bags you must get in these times of the red dot. With token benefits such as staking and its multiple products, FRM isn't one gem to be missed.

TG.Twitter.Website.Uniswap.

4. Rapids ($RPD)
In brief, Rapids is a decentralized open-source project combining both blockchain and social media technology employing the utilization of the RPD coin in the ecosystem. Rapids run on the proof of stake consensus protocol using the QUARK algorithm to reward 30% Staking and 60% Masternodes.
Rapids developed one of the most community-driven coins out there in the market. Many of the big holders offer airdrops and giveaways on Twitter to boost community growth and engagement. In addition, they have collaborated with air coins and the community members are given the opportunity to collect RPD tokens while on the move.
Rapids has positioned itself fairly well in the social networking game, it would be exciting to see the project play out given that it has such a low market capitulation of only USD$475,894. So, this is a coin to watch in 2020.

TG.Twitter.Website.

5. Energy Web Token ($EWT)
Energy Web Token is an open-source enterprise-level blockchain that’s disrupting the energy sector which is trusted by leading industry energy leaders.
📷
Their suite of products includes SDKs, APIs that allow the connectivity to the blockchain and digitally track low-carbon electricity systems. This is done by introducing their technology which allows developers to use these SDKs to build new digital solutions that help communities, nations, companies, and the world in the energy sector. The technology is vast and comprehensive in the approach to tackle the problem which makes EWT one to watch out for.

TG.Twitter.Website.Uniswap.

6. Banano ($BAN)
The Banano network operates in DAG technology and boasts itself as the 4th generation cryptocurrency that offers fee-less transactions in its ecosystem. $BAN is a meme coin and is a fork of the Nano blockchain, but what caught my attention is the strong underlying community members supporting the project.
They've first caught my attention on p0x, and upon joining their community I was astounded. The real heart of the project lies heavily in its community, which reminded me of the earlier times I first joined the Dogecoin community. With activities such as tip bots, Reddit contents, faucet games, meme generation and rewarded QnAs - I'd say they're one of the more lit TG communities not very far from $LINK and $DOGE.
Products wise; they've recently moved over to their mainnet and released products like Kalium, Banano's official wallet app available both on the iOS and Android store where you can send and receive banano.
They also have similar visual account representatives called monKeys which are unique to their banana address & gives each individual their unique digital character, which I found adorable.
While similar to $DOGE, Banano offers more solid fundamentals as evident from the product launches and being a fork of Nano. While DOGE already withstood the test of time, it will be interesting to watch the growth of Banano this 2020 EOY.

TG.Twitter.Website.

7. CurioInvest ($CUR)
CurioInvest is a platform that allows the tokenization of real-world assets, not just cars as advertised on the website. This new Gem is on our radar because the tokenization of cars is disrupting a multi-billion industry that will be accessible to the public mass. Not only that, but we also enjoy the staking benefits, low market capitalization, & the low token supply (2,000,000). Curio will also be launching a CurioDAO using CUR as a utility token, built on Aragon which will provide token holders voting and governance rights. Staking opportunities will also be available in their suite of DeFi platforms.
Blockchain has made endless possibilities and with Curio’s platform, owning a Ferrari, Real Estate, Gold, ETFs will be simple. The digital ownership of the car can also be traded across the platform for digital assets (BTC, ETH, CUR) or into fiat.
📷
Now that decentralized finance (DeFi) is in the spotlight, it will be worth it to bag up a few of these tokens in light of the next altcoin season. Lastly, a little birdie told me there are rumors up for this HOT crypto GEM company - do check out this thread on 4chan.

TG.Twitter.Website.

8. Sylo ($SYLO)
Sylo is one of the newest projects in the space, and Sylo is its native token that runs in the ecosystem. Their protocol involves the next-generation communication platform that allows users to tap into blockchain while remaining scalable for the millions of users projected in the future. The network also remains decentralized as it uses customers’ computational power while being rewarded for providing the software capabilities.
Now, what's exciting is that Sylo is partnered with Coca Cola! Check out the article here. And lastly, SYLO is deeply connected to large brands through Centrapay! Definitely a coin to bag in. See you on the moon.

TG.Twitter.Website.Uniswap.Kucoin.

9. Sentivate ($SNTVT)
Sentivate caught my attention when Chico Crypto first introduced this token on his youtube as his top altcoin pick that will explode.
While the product they're developing (a Hybrid web browser, hybrid applications) is centralized based, they have a pretty way of convincing that the best solution to fixing the internet is having a hybrid web instead of a decentralized web. Sentivate argues that a decentralized web is slow and is not optimal for use in the future from a scalability standpoint. In their proposed solution, they offer an ecosystem that offers both centralization and decentralization which makes sentivate truly standout.
They are the first project in the cryptoverse that has ever commingled both decentralization and centralization which makes it one of the most phenomenal and exciting projects to look out for.

TG.Twitter.Website.Uniswap.

10. DAPS Coin ($DAPS)
This is one of my favorite coins of all & the all-time TOP privacy altcoin gem, DAPS. It is another community-driven token that is always popping up everywhere on Twitter. DECENTRALIZED ANONYMOUS PAYMENT SYSTEM or DAPS for short is exactly what its name is; an anonymous payment system that is secure and scalable which boasts itself in technology that is derived from both PIVX and Monero. Making it the first crypto project that combined two technological leaders in their niche.
📷
The chain is validated via a one-of-a-kind hybrid consensus protocol model of PoW (proof-of-work), PoS (proof-of-stake), and PoA (proof-of-audit), a proposed solution by DAPS team to solve the 'Trust problem'.
The solution presented is unique and definitely groundbreaking from a technical perspective, making DAPS one of the most anticipated performers of 2020. DAPS coin has already challenged the TOP 50 of CMC by making use of old tech and combining them to formulate a synthesized powerhouse protocol. This coin is in the bag.

TG.Twitter.Website.

11. Chromia ($CHR)
This GEM is currently one of the highest in terms of market capitalization but still fulfills our criteria as a micro-cap. This is something new and fresh off the shelves with an idea of relational blockchain. This combines the idea of relational databases & the concept of blockchain. These combinations of the two innovative technologies create a smoother, more efficient ecosystem of dApps & acts as a Layer-2 of the Ethereum Network.
The team also announced a recent token burn in this article. The team also plans to launch a staking mechanism in their ecosystem and the Chromia mainnet will be available in Q3 2020. As of writing, the chart of CHR has been in constant increment and forming a beautiful arc-shaped parabola that indicates investors flocking.
📷

TG.Twitter.Website.Binance.Kucoin.

12. LTO Network ($LTO)
LTO Network is a hybrid network and platform built for business-to-business to boost efficiency and enhance the collaborative approach. The platform allows safe collaboration between businesses whilst binding rules in the form of smart contracts. LTO network currently has two products; Proof Engine and Workflow Engine. The workflow engine is built on a scalable, private permissionless, and on a computational model called Finite State Machines. With a unique tech, forward-looking team, and strong community - LTO is one to be in your watchlist.

TG.Twitter.Website. Binance.

13. Verasity ($VRA)
In brief, VRA is an attention-based platform for video rewards in the form of VRA tokens, making it similar to BAT one way or another. However, Verasity has already established plugins for reward distribution on Entertainment giants such as
📷
Their ecosystem is summed up in this pictorial depiction.
📷
Verasity also has its staking platform where you can earn 0.1% daily tokens based on your staked amount. With these global giants already integrated with the VRA reward system, more & more people will begin to obtain VRA tokens just like BAT. With a groundbreaking innovation in the video industry, this token is not far from clawing itself up the top 100.

TG.Twitter.Website.Uniswap.Kucoin.

14. Hydro ($HYDRO)
Hydro has been in the space since the 2nd quarter of 2018 & has made significant progress at the protocol level. With a new turnover of team members, the core team is growing at an exponential rate, it would be interesting to watch as they revive the team & project as a whole, and onboard as many developers to build with their COMPLETE suite of protocols available on Github. These tools are sufficient to create some of the most groundbreaking Defi, Blockchain, & Tokenization products.

TG.Twitter.Website.

15. Brickblock ($BBK)
This token has been on my radar for a long time now, and I have also written a comprehensive article on it already so I will keep this short and simple.
Brickblock is a platform that leverages blockchain and provides access for users to invest cryptocurrency in tokenized real-world assets such as real estate, exchange-traded funds (ETFs), paintings. Brickblock, however, is focussing on obtaining clients in the real estate industry.
They've recently made their first tokenized transaction in their platform and the fees are distributed in the form of ACT tokens which are backed by ETH (fixed ratio 1000 ACT for 1 ETH).
Simply put, it's a staking (activating of tokens) platform and the rewards are highly dependent on its platform liquidity. Brickblock already has it's staking platform live but it is awaiting more ACT earnings after raising funds from more real-estate assets.
Brickblock's transactions go by millions if not by hundreds of thousand dollars, if this project lifts off, the staking rewards will be one of the biggest in the industry. The assets being traded are real estate properties and exchanging hands in the form of millions. A small big of Brickblock might go a long mile in the future.

TG.Twitter.Website.

*Disclaimer: Cryptocurrency & penny cryptos are highly volatile & risky assets. Please do your own research before investing. This article does not serve as a financial advice. All content found in this article is purely the author's opinion and NONE of the companies mentioned in this article paid to be mentioned.
submitted by sadfool1 to CryptoMoonShots [link] [comments]

Free Bitcoin with faucets: "ClaimBTC.io"

Thanks to ClaimBTC you can accumulate Free Bitcoin with cryptocurrency faucets. Quick, pop-up free and well stocked with additional features.
First July article dedicated to a direct faucet (sites for which the transfer of funds is only possible to personal wallets, thus excluding online MicroWallets). With ClaimBTC, Making Free Bitcoins with Faucets is certainly fast and very simple.


Free Bitcoin with faucets
The main menu is located at the top in the center:

- Free BTC, the site's faucet. You can make the claim every 60 minutes. The lucky number that will come out is combined with a certain amount of Satoshi divided into 4 bands.
- He says, the evergreen game in which to bet a certain amount of crypto and guess if the number that will come out will be higher or lower than the dealer. There is no shortage of additional options.
- Lottery, in which there are 4 lotteries that differ from each other for the prize pool. 50% of the participants win. The cost of tickets varies according to the lottery prize pool.
- Boosters, literally the power-ups to increase the amount of earnings. 3 levels with registration costs to go up.

On the left we can see the bonuses obtained by participating in the Dice, the lottery and following the purchase of upgrades. Below are the active Boosters and social links to share your Referral URL.

The ICON menu
At the top right, by clicking on your account icon, you can access the following services:

- Finance, to be able to deposit Bitcoins on the site or transfer them to a personal wallet. The minimum transfer threshold is 30,000 Satoshi.
- Referrals, where you can view your Referrals URL, the number of your subscribers and the total number of Satoshi who have made you earn. The percentages for each section of the site are also shown. They may vary over time.
- Settings, allows you to enter the address of the desired Bitcoin wallet; change the password; activate Google Auth 2-factor authentication; enable site notifications.
- FAQ, useful information on ClaimBTC thanks to which it will become more intuitive to earn free Bitcoins with faucets.


And with that, that's all. Appointment to a new faucet!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
Horizen Faucet: https://getzen.cash/auth/register?ref=153228
submitted by Giulo75 to u/Giulo75 [link] [comments]

Swipe Bi-Weekly Update #6

Swipe Bi-Weekly Update #6

https://preview.redd.it/n5pkxql0crh51.jpg?width=1280&format=pjpg&auto=webp&s=959d7b4051bd1c20b53cfc28ee1c4cbdd355382e
Swipe opened the month of August with the launch of its Swipe Network Staking and its announcement to run a Decentralized Finance Lending/Earn application on Binance Smart Chain. This was also followed by the plan to release product updates, events, listings, or partnerships every week until the end of 2020.
Bringing their promise and commitment true to the public, here are the activities that Swipe has released for the past two weeks:

https://preview.redd.it/5ztwd3p3crh51.jpg?width=1280&format=pjpg&auto=webp&s=a5305d9e040318cfe9e3da0a3a721c88cbaf80ae
Swipe Launches Staking/DeFi
Swipe has recently launched its test network for Swipe Network Testnet Staking and, at the same time, announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain.
With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand.
Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking.
Also, Swipe revealed its plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain.
Swipe (SXP) Trading Competition
Last August 5 to 12, Swipe and Binance team have both committed a total of 100,000 SXP and 50,000 USDT in prizes to thank its users worldwide for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. The contest was divided into three categories: a new user exclusive rewards, a trading competition, and the Lucky 99, which awarded users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume.
Swipe x WBTC
Swipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.
SXP on CoinDCX
SXP, the native token of Swipe, is now listed and live on its second Indian Exchange CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT.
CoinDCX trading links for SXP:
https://coindcx.com/trade/SXPBTC & https://coindcx.com/trade/SXPUSDT
Wazirx AMA Session
Swipe Chief Executive Officer (CEO) Joselito Lizarondo, held an AMA session with the Telegram community of Wazirx, a bitcoin exchange in India, last August 7. In the AMA session, Lizarondo answered questions about Swipe, Swipe Card, its new partnership with Binance, and the recent projects that the company has announced. The community also asked if Swipe is planning to bring its card services to India as it is one of the biggest crypto market countries at present.
To read the whole summary of the AMA visit:
https://blog.wazirx.com/ama-with-joselito-lizarondo-ceo-founder-of-swipe-summary/
New Swipe Product Manual
Swipe has released a new “redefined” white paper under the title: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned. Technical descriptions and documentation will be made available, as required, per protocol, as some will have API access for developers.
The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.
Swipe 0% Fees
Starting Monday, August 17, Swipe Wallet and Swipe Card users will no longer have to pay any fees to buy, sell, and pay with crypto. Users can now purchase, sell, and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees and free card shipping.
Swipe Staking
As Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning on August 23, 00:00 UTC.
More details of the staking can be viewed at:
https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813
Swipe Reddit AMA
In his first blog post on Medium, Swipe CEO Joselito Lizarondo answered the questions that the Reddit community asked regarding Swipe’s activities and plans for the future. He talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.”
Read the whole transcript of Joselito Lizarondo’s AMA here:
https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589
Swipe and Kava Partnership
Swipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.
$16M+ Ecosystem Rewards Program for BNB Holders on Binance
Swipe is launching a 12-week-period $16,000,000 Ecosystem Rewards Program for BNB holders, starting August 17. This program aims to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a strong community. With Swipe’s partnership with Binance, a weekly distribution of 333,333.33 SXP will run to BNB holders on Binance.com.
Know more about the Rewards Program here:
https://medium.com/swipe/swipe-launches-16m-ecosystem-rewards-program-for-bnb-holders-on-binance-e79ffc9dc252
Swipe’s Chainlink Based Price Oracles Now Live
Swipe has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain.
This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates.
---
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Earning Cryptocurrencies with Telegram Faucet: "Click Bot"

The Bots Faucet of the famous app burst onto the market: from now on it is possible to earn cryptocurrencies with Telegram Faucets.

First article dedicated to a new category of Faucet: Telegram bots.

The group we will discuss is made up of only 4 bots connected to the following cryptocurrencies: Bitcoin, Bitcoin Cash, Dogecoin and Litecoin. These are not classic faucets in which to make claims but rather structured more similarly to PTC Sites or Advertising Faucets, making it very quick to earn cryptocurrencies with Telegram Faucets.

Here are the 4 secure links to access it. We recommend copying the links in order not to join scam bots or other bots that have nothing to do with the one discussed in the article:

BTC Click Bot: https://t.me/BitcoinClick_bot?start=3wUp

BCH Click Bot: https://t.me/BCH_clickbot?start=JwHQ

DOGE Click Bot: https://t.me/Dogecoin_click_bot?start=OBJz

LTC Click Bot: https://t.me/Litecoin_click_bot?start=W0w0

The best part of the Telegram bots are the immediacy of use and the speed of navigation. We will not go too far in their description as they are very simple but nevertheless a brief explanation of the menus seems to us a duty.

The Telegram Faucet menu
After starting the Bot, a menu will appear with the following items:


- Visit Sites, by clicking on it, you will visit sites, faucets or other bots and get a crypto payment in exchange. It is never mandatory to sign up for anything, start other bots or solve faucets. In almost all cases it is sufficient to start them or wait for a period of time that can range from 10 to 30 seconds


- Message bots, in this case, by opening other bots, to get the payment you will be forced to enter a message that must then be forwarded to Click Bot.


- Join Chats, the third way to earn in which you will have to access other channels and occasionally participate with a message.



- Balance, clicking on it will open a submenu with the usual options regarding the crypto deposit (Deposit), the transfer of funds to your personal wallet (Withdraw), view the current balance (Balance) and the history of transfers / deposits (History).


- Referrals, your referral URL thanks to which you will get 15% of all crypto earned by your subscribers.
- Settings, in which the choice is made to enable or disable pornographic sites (Allow NSFW?), To select the preferred Captcha type (Captcha Type) and activate notifications for the three earning modes described above.


- My ads, finally, allows you to create an advertisement using the Click Bot network. You can first choose between a site, a bot or a telegram channel and then the maximum amount of expenditure as well as monitor all your advertising campaigns by clicking on My ads for the second time.

As you may have noticed, this is a very simple type of income. The limits for the transfer are not always low but not difficult to reach either. See you again in the next article!


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
Horizen Faucet: https://getzen.cash/auth/register?ref=153228
submitted by Giulo75 to u/Giulo75 [link] [comments]

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