Category Archives: ERC-20

Velo Token VLO | Could this velocity coin be the Next BIG DEFI TOKEN?

Velo Token [$VLO] | Value of Velocity Digital Asset

The first Austrian economic experiment in DeFi based on real economic value. An anonymous team of crypto users that goes by the alias of 'Super Mises' (similar to that of Satoshi Nakomoto) has released a yield farming platform the uses the latest in DeFi trends. Taking a page from both Yam and Ampleforth Velotoken.fi is a platform that enables yield farming reward incentives and the rebasing of cryptocurrencies. VELO token (VLO) is an experiment in the 'value of velocity'.

**Please be aware that there are now 2 tokens that go by 'VELO' token. If you intend on using one or the other please be aware of this so that you don't use a wrong address or use the wrong one for your specific purpose.

  • 1. VELO Token (VLO) - https://velotoken.fi/. This is the value of velocity, yield farming, governance token. This is the one this article is about.
  • 2. Velo (VELO) - https://velo.org/. This is a financial protocol for businesses. It enables digital credit issuance and borderless asset transfer through smart contracts.

Velo Token VLO

VELO Token ($VLO)

The newly launched VELO token ($VLO) will serve as a financial experimentation tool as well as the governance token for the Velotoken DAO.

The VELO token can be farmed on Velotoken.fi starting November 4th, 2020 until December 2nd, 2020. The VELO token is capped at a supply of 100M. Once the farming period has ended, no more $VLO tokens will be minted/released.

100% of the 100M tokens are allocated to yield farming participation, allowing for a fair token distribution.

The VELO token will be the first currency in history that rebases its supply not based on
price but based on its own velocity. Once all tokens are farmed, the total supply of VELO
token will only increase or decrease in inverse relation to its own velocity, but will never be
more than 100M in circulation.

The outcome of this experiment cannot be predicted. The experiment is in the hands of
the token holders and the community. It is up to the community members to play an active part in finding use cases and defining the future of VLO token.

The VELO token protocol uses the governance protocol from Compound, the incentive
mechanism from Yam and the rebasing functionalities from Ampleforth. A unique set of
trusted contracts with a completely new spin.
Fair Farming and Elasticity
Multiple economic theories are put to the test in decentralized finance.
Rebasing stable currencies have the potential to bring price stability to unstable digital assets in Defi.
At the core of the VeloToken project lies the core of economic value, the more a currency is used, the more value it produces.
Velocity in the “real economy” is measured by combining historical data and speculations about the future. A measurement that has not been able to occur in real-time until now.In decentralized finance, one can simply observe the amount of on-chain transactions of any cryptocurrency and calculate the velocity in real-time. With this, smart contracts can be used to calculate velocity to make changes in the currency's supply.

Velotoken is the first protocol that synthesizes velocity into a cryptocurrency.
Velotoken is the first currency that has a direct relationship with its own velocity.

VELO token specifications

Website: https://velotoken.fi/
Target Blockchain: Ethereum
Token Type: ERC20
Asset Class: Synthetic Asset
Symbol: $VLO
Token Value: None, $VLO has no value on issuance
Governance: Decentralized Autonomous Organization (DAO)
Source of Yield: Utility, Speculation and Transactions Fees
Supply Type: Fixed with elastic and invers allocation
Supply Quantity: 100’000’000’ $VLO
Distribution Type: Fair Farming and Distribution via Staking Pools
Distribution Price: 1ct
Distribution Duration: 4 Weeks

Who is Ludwig von Mises (Super Mises)

Who is Von Mises aka Super Mises

Ludwig Heinrich Edler von Mises "was an Austrian School economisthistorian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action." - Wikipedia

How to stake on VeloToken.fi | begin yield farming VELO Tokens

Step 1.

Make sure you have the tokens for the pool you are providing liquidity for in one of the accepted wallets. You can connect to VeloToken.fi using MetaMask or WalletConnect.

Choose wallet velo token step 1 intrsuctions

Step 2.

Choose the pool you would like to particiapate in. You will need to be holding the tokens or uniswap pair that you will be staking in the wallet. Hit the 'Unlock' button.

Step 3.

Approve the transaction. There will be a small transaction gas fee here to allow this to happen.

Velo token yield farming

Step 4.

Click Stake and choose the amount you would like to stake.

Step 5.

Great now you will be collecting rewards for providing liquidity. You can see the amount of rewards pending harvest. At any point you can choose to harvest them and transfer them into your wallet. When you Unstake this will be done automatically. *Tip don't harvest to often or you will keep paying gas fees. Wait until you have a reasonable amount of $vlo tokens before you harvest.

Rewards vlo token harvest

Step 6.

You can unstake at any point. There is no lock up period for holding and selling velo's vlo tokens. To unstake you can click the unstake button and follw the steps on screen.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

What is Katalyst by Kyber Network | Protocol Upgrade & New Token Model

What is Katalyst by Kyber Network | Protocol Upgrade & New Token Model

Welcome to this crypto and blockchain video posted by DeFi Dude. In this video you learn about Kyber Network and the Katalyst protocol upgrade and new token model being released in 2020.

Kyber Network

Many people have been showing an increased interest in the blockchain project known as Kyber Network. Here we will be doing a brief overview of the Katalyst protocol upgrade to the Kyber Network.

If you don't already know what the Kyber Network is we have shared a few video reviews of Kyber Network which do a really good job at explaining the platform. In summary the Kyber Network is a liquidity protocol designed to have a lot of assets on standby ready to be used in conjunction with a decentralized application or decentralized exchange.

Katalyst

Katalyst Protocol Upgrade for Kyber Network

Katalyst is changing many things to do with how the Kyber Network works. In the new system 'reserve managers' are going to be paying no fee and instead they will be receiving rebates. These rebates will be a percent of the network fee that's going to be sent directly to those who are providing liquidity. This in-turn incentives liquidity. The previous/current model did not incentivize liquidity because the reserve managers actually paid to provide the liquidity. Which greatly cut into profits for the participants of the network.

Why is more liquidity good?

You want to provide more liquidity because more liquidity means less slippage, more competitiveness, bringing more users, which creates a better ecosystem, that generates more fees generated from higher transaction volume.

Katalyst Upgrade KNC

Dapp integrations and new fee model

In the previous/current model 30% of fees are given to the decentralized application integrators. Once the Katalyst upgrade has been implemented into Kyber Network the new protocol will allow for dapp integrators to set their own fees. The fee percentage will no longer be set in stone in the smart contract and will be a variable that the dapp integrators can play with on top of the base rate.

How do KNC holders benefit from Katalyst upgrade

KNC holders are going to benefit from this upgrade because they are the one's who will be doing the voting in the KyberDAO. Katalyst revolves around the KyberDAO a decentralized autonomous organization in which a group of governors can vote on various things to do with the network and protocol.

KNC holders stake their KNC tokens in the KyberDAO and get a voting weight based on their staked holdings. The weight is how much power or say you have on whatever you are voting for. An example is if you have 20 KNC and the total supply was say 200, you have 10% weight and you are voting for 10% of the entire network. You can vote on things such as fee governance.

Katalyst rewards - Burn vs Inflation

Through Kyber Network transactions the fees are dispersed back to the KNC holders as per the weightings of staked tokens and at the same time a percentage of tokens are burned from the total supply. Because the tokens are burned there are less in circulation which makes the remainder of the tokens more valuable.

Katalyst Flow

Other staking platforms do not burn tokens but release more tokens into the supply which creates inflation. This is still a reward and you are receiving more tokens, but inflation makes the circulating supply increase which intern decreases the value of the existing tokens.

With Kyber Network there is no inflation, the network is sustained just on the network fees generated. It is actually a deflationary supply. With the Katalyst upgrade KNC holders will have voting rights on the percentage of tokens that get burned and the percentage of fees. The Katalyst upgrade gives KNC holders more say on the governance of the Kyber Network.

What do you think about Kyber Network? Share this project and this page and view more about Kyber Network from the links below.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

What is Kyber Network Crystals | KNC Explained

What is Kyber Network Crystals | KNC Explained

Welcome to this cryptocurrency and blockchain technology education video posted by Kyber Network. In this video you learn about Kyber Network Crystals and the KNC token native to the platform.

Kyber Network Crystals - KNC Explained

Kyber Network Crystals (KNC) - referred commonly as 'Kyber Netwrok' is a distributed decentralized protocol that offers liquidity on the Ethereum blockchain and soon to be inter operable between various blockchains with the Waterloo Bridge update. The Kyber Network facilitates multi-step complex transactions as if they were one seamless flow being executed as a single transaction.

A growing crypto ecosystem

The number of cryptocurrencies has been growing year over year at a rate of almost 2x per year. in 2009 there was just Bitcoin, by 2016 there was over 500, in 2017 over 1000, in 2018 over 2000, and by 2020 there are around 4000+ cryptocurrencies.

The growth and number of cryptocurrencies is both a good thing and bad thing. The increase in cryptocurrencies can be taken as a sign that the crypto space is growing and that there are many great use cases that many different projects are tackling. The bad thing is that this creates a fragmented ecosystem where each cryptocurrency has its own agenda and each token usability is often limited to its own specific application.

A bridge between tokens and applications

What Kyber Network is doing is to act as a bridge between tokens and applications. The goal is to allow all tokens to be used in any application. This helps to create a very open transfer of value system where people can transact with each other using a digital asset that they prefer to use.

Integrations with Kyber Network are on the rise

Kyber Network already has over 100 decentralized app integrations. The amount of integrated use cases that are being made possible with Kyber Network are increasing every day.

One of the most active space that Kyber Network is being integrated with is the defi space. Through the use of Kyber Network integrations you are able to manage a diverse portfolio of assets and contribute to it using a wide range of digital assets. The way you manage your portfolio is up to you and you can have it do things such as auto balance your portfolio according to exact ratio holdings.

An example is that you could be running a website that has 100 different blockchain affiliate programs connected to it. You will be receiving affiliate commissions in all these different digital assets. What you can do with Kyber Network is automatic funnel all these digital assets into your portfolio and have them exchanged into the specific digital assets you want to hold in the percentage allocations you want the portfolio to remain at.

The example above and any other integrations are done on-chain which helps to keep things secure, transparent, and verifiable. This is the future of our financial system. A more open and interoperable system that removes friction from token use cases.

Kyber Network removes friction by doing these 3 things.

  1. Simple and straightforward integration with all tokens and applications
  2. Low transaction risk and uncertainty on all transactions
  3. A transparent and secure process

Coming soon to the Kyber Network

  • Waterloo Bridge - cross chain exchange of tokens.
  • Katalyst - Increased liquidity.

Kyber Katalyst

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Kyber Network Updates 2020 | KNC Token

Kyber Network Updates 2020 | KNC Token

Welcome to this cryptocurrency video review posted by Altcoin Buzz. In this video you learn about Kyber Network KNC and the updates they are currently going through now and later this year.

Kyber Network Updates and Overview

The Kyber Network (KNC) is a decentralized protocol that provides on-chain liquidity. Kyber Network allows for complex transactions using smart contracts that are executed as a chain reaction within a single transaction.

KyberDAO (Kyber Decentralized Autonomous Organization) that facilitates a community of KNC (Kyber Network Crystals) holders. KyberDAO enables all KNC holders to play an active role in the growth of the Kyber Network through voting and making decisions on key parameters of the networks governance.

Recent news from Kyber Network is that the KNC cryptocurrency will be listed on Coinbase Pro and has begun accepting inbound token transfers as of Feb 24 2020.

Kyber Network has over 100 dApp integrations making it the leading liquidity protocol that connects decentralized liquidity for defi. Updates happening to Kyber Network include Waterloo Bridge and Katalyst.

  • Waterloo Bridge - a cross chain value exchange.
  • Katalyst - a protocol for increased liquidity and stake holder participation.

Kyber Katalyst

Kyber Network Operates As Such

There are  'takers', 'makers' and 'maintainers'. Takers take liquidity from the protocol. Makers provide liquidity to the network. Maintainers are parties that have permissions to access the functions. Together these 3 operate and manage the Kyber Network.

11 Key Benefits Of Kyber Network

  1. Instant trade settlement
  2. No partially executed orders
  3. Transparency
  4. Easily integrate-able
  5. Off chain swaps
  6. Fiat and crypto conversion
  7. Non fungible token transactions
  8. Automated portfolio weighting management
  9. Token lending
  10. Trading on margin
  11. Cross chain interoperable
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Guide to Crypto Loans with Nexo Review | Coin Bureau

Guide to Crypto Loans with Nexo Review | Coin Bureau

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Nexo - a subsidiary of a company called Credissimo that is based out of Switzerland. It was first launched in 2007.

Credissimo had an Initial Public Offering (IPO) back in 2014 and in 2017 they launched Nexo. Nexo also had funding phase through a successful ICO in April of 2018 that brought in over $52 million. Since this time Nexo has processed over $700 million in transactions from over 300,000 users. Through Nexo, individuals can get loans in more than 200 countries.

Nexo is currently an ERC-20 token issued on the Etheruem blockchain.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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