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The #1 CRYPTO TRADING MAGAZINE |
Posted by: superstarcrypto - 03-26-2021, 03:00 AM - Forum: Trade cryptocurrency
- Replies (3)
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The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
Cryptonaire Weekly Magazine 174th Edition
Cryptonaire Weekly is one of the oldest and trusted sources of Crypto News, Crypto Analysis and information on blockchain technology in the industry, created fort he sole purpose to support and guide our Crypto Trading academy clients and subscribers on all the tops, research, analysis and through leadership in the space.
Cryptonaire weekly, endeavours to provide weekly articles, Crypto news and project analysis covering the entire marketplace of the blockchain space. All of us have challenges when facing the crypto market for the first time even blockchain-savvy developers, investors or entrepreneurs with the ever-changing technology its hard to keep up with all the changes, opportunities and areas to be cautious of.
With the steady adoption of Bitcoin and other cryptocurrencies around the world, we wanted not only to provide all levels of crypto investors and traders a place which has truly great information, a reliable source of technical analysis, crypto news and top emerging projects in the space.
Having been publishing our weekly crypto magazine ‘Cryptonaire Weekly’ for since early 2017 we have had our fingertips at the cusp of this exciting market breaking through highs of 20k for 1 Bitcoin to the lows of $3500 in early 2021.
Our Platinum Crypto Academy clients (students and mentee’s) are always looking for shortcuts to success to minimize expenses and possible loses. This is why we created our Crypto Magazine. Those who wish to invest their assets wisely, stay updated with the latest cryptocurrency news and are interested in blockchain technology will find our Weekly Crypto Magazine a valuable asset!
#Bitcoin #Coinbase #Altcoin #BTC #cryptocurrency #CryptonaireWeekly #platinumcryptoacademy
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TriumphX (TRIX) – Cryptocurrency for Gamers |
Posted by: superstarcrypto - 03-16-2021, 03:44 PM - Forum: Trade cryptocurrency
- No Replies
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TriumphX (TRIX)
TriumphX (TRIX) – Cryptocurrency for gamers, by gamers, crypto related to games like metal slug
TriumphX (TRIX) is a decentralised exchange & cryptocurrency for in-game items interoperable across blockchains through Polkadot.
Why TriumphX?
50 Billion USD worth of in-games items is expected to be traded on secondary markets annually, but growth of market is held back to due inefficiencies in the market.
Problem 1: Inefficient Markets
There is no official marketplace for most games, resulting in multiple third party service providers creates a fragmented markets. Game providers are reluctant to create a official market for users due to AML/KYC concerns.
Solution 1: Aligned Interest Among Market Participants
Game providers receive a share of economic profits obtained from the trading of in-game items and TriumphX Digital Identity Service eliminates any AML/KYC concerns.
Problem 2: High Fees
For P2P trading of in-game items, users are unable to trust each other due to lack of official feature to conduct a trade with real money. This often results in reliance on costly third party custodial service providers that charges commissions that can be as high as 10% per transaction.
Solution 2: Tight Spreads and Low Trading Fees
Through smart contracts, in-game items can be tokenized and traded directly P2P without any need for buyers and sellers to trust each other. With this, the need to pay high trading fee and commission to the intermediary is eliminated and fees can be kept to a minimum.
Problem 3: Low Liquidity
Liquidity is spread across multiple third party brokers resulting in low liquidity and poor price discovery. Bid/Ask spread for items are large and result in immediate loss of value due to spreads upon purchase or sale.
Solution 3: Automated Market Makers and Pooled Liquidity
Through the use of liquidity pools by tokenizing idle in-game items, market participants can interact directly with the automated market maker to have high availability for liquidity to ensure that trading can be conduct with high liquidity.
Features
Built on Polkadot as a Parachain
Developed using Substrate Core, TriumphX leverages on Polkadot relay chain to achieve interoperability across different blockchains to ensure compatibility of all tokenized in-game items that are integrated with blockchain
Decentralised Governance Structure
TRIX token holders are able to vote and elect council members who will make all decisions concerning the platform. Council members are incentivized to maximize network value through staking of TRIX tokens and to act in the best interest of all token holders.
TriumphX Smart Contract Extension
Extended functions are required to use smart contracts on the blockchain for contracts of real-world service. TriumphX provides TSCE (TriumphX Smart Contract Extension), which adds TriumphX's own extension to the existing Substrate API.
Kabocha Protocol
Kabocha is a decentralized protocol that can be easily extended and connected to enable effortless creation of decentralized apps (DApps). The protocol is managed by TSCE and APIs. It is designed as an open-sourced for anyone to use.
TRIX Wallet
A dedicated wallet is required to obtain TDI and can be used to convenient store in-game items in the wallet which can be accessed directly from the games. TRIX Wallets are protected with the highest level of security in the blockchain technology. The source code of the wallet will be released as an open source and will be continuously audited to enhance security.
Public Database on NFTs
NFTs can be aggregated under subsets of items. As such, the TriumphX Explorer is able to group these items together to state useful statistics such as the total number of items tokenized and in existence on the blockchain, the total historical traded price of such items, the number of items owned by each user to identify if there is hoarding of items and more.
Important Partners
Ekkorr
EKKORR has designed several successful games such as Endless Frontier with more than 30million downloads, and Metal Slug Infinity with more than a million downloads. Through this partnership, EKKORR will be creating more games that are integrated directly into TriumphX's blockchain
Korea Mobile Game Association
Korea Mobile Game Association is a representative association of Korea’s largest game development member companies with about 800 member companies, including Xiaomi, GPC, One Store, Busan Information Industry Promotion Agency, etc. They seek to promote the creation of blockchain based games
The Korea Blockchain Content Association
The Korea Blockchain Content Association works to promote the development and advancement of blockchain software in Korea. They seek to cooperate with TriumphX to successfully launch a decentralised P2P trading exchange for in-game items.
Available exchanges
1. Coinone
https://coinone.co.kr/exchange/trade/trix/
2. Latoken
https://latoken.com/exchange/USDT_TRIX
3. Bithumb Global
https://www.bithumb.pro/en-us/spot/trade?q=TRIX-USDT
4. MXC.com
https://www.mxc.com/trade/easy#TRIX_USDT
https://www.reddit.com/r/TriumphX
TRIX is currently on a global expansion, not to be just abided in Korean market. To get more information, discuss and to help TRIX to be listed on major global exchanges, please join Reddit community!
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