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Next Step in Revolutionising Financial Sector

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The launch of the Nimbus DeFi platform, as well as their native token NBU, is just one milestone in an extensive roadmap of innovative implementations towards true decentralization.

There’s no doubt that the traditional financial system is extremely elaborate and offers various investment opportunities that many individuals and companies managed to gain a return from. But these opportunities aren’t available to everyone, and the system has its limitations.

This old-fashioned financial system means you need to trust intermediaries with your resources and let them invest in ways that can sometimes prove to be too risky. On top of that, it’s also exposed and quite fragile when it comes to fraud attempts and human error. Not exactly the ideal way to improve your finances.

Let’s take a clear example. Suppose you opt for a deposit because you think it’s a way to keep your funds safe and gain a small but steady return. In practice, that doesn’t really happen; interest rates barely make a difference because of the increasing level of lifestyle inflation. If the inflation is too high for the return to keep up, you will be losing money, and your purchasing power will decrease.

The fact is most truly profitable investment opportunities aren’t available for everyone. For example, IPOs can be a good investment, but you will find that brokerage firms have quite exigent requirements from potential investors. However you look at it, common people don’t have access to instruments that can truly help them receive a significant return in the traditional financial system.

That’s why DeFi was created as an alternative available for everyone and a way of returning control to the user. Decentralized finance means losing the middle man and empowering every user by making them the central part of the decisional process when it comes to how their assets should be deployed. Centralization was a serious problem, and DeFi got rid of all the issues connected to it. It may sound too good to be true, so let’s take a closer look.

What Exactly Is Decentralized Finance?

To understand that, let’s think of what the traditional financial system offers. You get deposits, loans, trading and investment opportunities, a wide array of products and services, and, at the same time, various limits and negative aspects from the user’s perspective.

Since that wasn’t an ideal situation for the common user, decentralized finance was created as a much-needed alternative. What exactly does it mean? It means reinventing the traditional mechanisms and opening up the financial system to anyone who has an internet connection and a little bit of cash. It means eliminating external influences by using automated algorithms, called smart contracts, to operate the system and give users the possibility to be actively involved in every significant aspect. It also means you can do much more with your money than just keep it in your wallet.

The essential advantage is that you are no longer a passive user but are actually in charge; your vote decides how the DeFi solutions are used and how every investment you make on the platform is appreciated in the diverse pools. And the transparency we mentioned above also means you don’t have to worry about hidden or undisclosed fees.

Meet Nimbus – the Next Step for DeFi

It’s true that DeFi is still a growing concept, and there are certain aspects that are still evolving, which is why we don’t see mass usage at this point. But progress has definitely been made, and Nimbus is one of the best pieces of proof in this respect. So, let’s see what makes Nimbus a promising step forward and a great option.

Nimbus is an innovative platform that strives to leverage the best practices of traditional financing and combines it with the benefits of DeFi. Their approach is based on real-world use cases, making Nimbus’s present and future offerings extremely sustainable in the longer run. The launch of the Nimbus DeFi platform as well as their native token NBU, is just one milestone in an extensive roadmap of innovative implementations towards true decentralization.

The secret recipe uses a holistic approach and combines the positive aspects of the traditional system with the possibilities that blockchain technology opens up. All that is possible due to the extended experience of the team.

As a DAO-governed ecosystem, it’s the users that handle everything, and every decision is made based on the general consensus after voting. As for the way those decisions are implemented, that entire process is automated and secured; the smart contract audit performed by one of the leading auditors, Zokyo, stands as proof.

How Will it Work?

The Nimbus ecosystem is preparing new opportunities for its users. To understand how Nimbus will piece by piece make DeFi realistic and sustainable, let us dive deeper into each of their future offerings- the dApps:

  • The Nimbus IPO hub dApp, giving users a chance to participate in IPOs using liquidity pools, regardless of the amount of crypto they have. After studying the IPOs, the participants get to vote. The return will be calculated according to each user’s participation, and they will receive it directly, without any fees. This is a genuine innovation and an unprecedented opportunity opening up for all users. To strengthen users’ trust, Nimbus is going through in-depth audits and taking all the necessary steps to receive all the licenses that prove the solutions they provide work smoothly.
  • The Nimbus Crowdfunding dApp is the tool participants can use to become part of start-up financing. The liquidity pool mechanics will play their part in this case as well, optimizing the risks and profits and making crowdfunding participation available to any user, without any discrimination or limits. The entire process is subject to sophisticated due diligence evaluation processes, and smart contracts ensure that funds are correctly and automatically distributed. The accountability is undeniable due to the usage of smart contracts.
  • The Crypto Arbitrage-Trading dApp, the upgraded version of the centralized arbitrage and trading tool that has already gained users’ trust for a year now.
  • The P2P Lending dApp, organically including traditional lending mechanics into DeFi. What Nimbus wants to achieve is to make pool-to-peer loans a common practice. Risk mitigation for lenders will be granted by collaterals or by the use of KYC, Biometrics, and Risk Profile assessment. Users will also benefit from multiple lending and pay-back options.

The best part is that you will be able to access all these dApps with one token- NBU, which will eventually give you 10 opportunities to multiply your funds. This is just the first step in the long-term strategy Nimbus has created. The goal is to evolve into a one-stop-shop, bridging digital assets to investment products for global users and creating unprecedented crypto opportunities.

The Nimbus platform and their native token, NBU, went live not too long ago, and we feel ever close to an improved, realistic, and matured form of DeFi. The launch of Nimbus and its native token has opened a gateway to help a wide array of participants benefit from the technology and the possibilities created.

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Insider Protocol Is Going to Start Working with Institutional Funds

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While the Insider Protocol is built for a diverse class of users, the platform has created its tested Option X algorithm that is best suited for institutional clients.

Innovation in the blockchain and cryptocurrency ecosystem is still in its infancy and any innovation such as that from the Insider Protocol is quick to be spotted and celebrated. The Insider Protocol is a relatively new multi-faceted blockchain and cryptocurrency ecosystem that is building by the Mechanics of the Future team.

With a profound emphasis on privacy, the Mechanics of the Future Team created the Insider Protocol as well as its accompanying products and services to model a high level of anonymity, such as is aimed at combating the dominance of the Monero (XMR) and Dash networks respectively.

Of the flagship products emanating from the Insider Protocol is the Automated Trading Bot algorithms that help users make intelligent automated trading decisions to help return ample profits back to the users. The trading bots also have infused in them a great level of anonymity and they currently support the BTC/USDT trading pair. While users can take advantage of this active trading pair, the team is determined to roll out support for additional trading pairs to support other altcoins including Ethereum (ETH), Litecoin (LTC), and Monero (XMR) in the not too distant future.

The Insider Protocol is trailing the blaze in the very nascent niche of automated bitcoin trading bot and with determination to take its services mainstream, the team behind the project is committed to constant platform development

Insider Protocol’s HFT Trading Algorithm: The Real Game Changer

The earlier noted auto trading bots works with the High-Frequency Trading (HFT) algorithm, a highly scalable algorithm that is implemented using the layering technique. Article on Bloomberg explained in detail how the HTF Layering method works. HFTs are not uncommon in the world of finance as they are highly used by big financial institutions. While these big corporates utilize this layering technique in their trading, they tend to tag it illegal amongst retail traders. With the ingenuity of the Mechanics of the Future Team, however, algorithms to counter the Financial institution’s HFT trading bots have been developed.

While trading using the layering technique, a trader can place as many trades and at varying prices as possible which can also be canceled at will. Using the HFT algorithm, the user can place many different orders for assets traded on an exchange without the plans to purchase the asset. These multiple orders created alerts other users who can thus place higher bids on the assets. The bot utilizes this algorithm to maximize returns taking note of the price differences in the buy orders.

The entire Insider Protocol ecosystem is still under development and with the plans to utilize the scalable and highly secured Mimblewimble (MW) Protocol, the platform is set to be positioned to process high throughput and fast transactions in a bid to rival existing blockchain protocols. A highlight of the Mimblewimble Protocol was described by Cointelegraph to utilize the technology of confidential transactions, encrypting all inputs and outputs, as well as their public and private keys. This enables the senders and recipients of transactions to be thoroughly masked and away from prying authorities

Embrace of Institutional Clients and Funding

While the Insider Protocol is built for a diverse class of users, the platform has created its tested Option X algorithm that is best suited for institutional clients. The company’s propulsion of custom made offerings is positioning it aright to begin trading with the inflow of institutional funds.

In this video below you can see the Trading Statement of the Option X algorithm which was mainly built for Institutional Traders.

Despite there being existing platforms offering similar services as the Insider Protocol’s, the creativity and futuristic approach of the Mechanics of the Future Team is set to position the platform at the top of the food chain in no time.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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Ethereum (ETH) Price Pops Over 13% in Past 24 Hours to Hit ATH

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The Ethereum ecosystem has significantly benefited from the booming decentralized finance industry.

Ethereum (ETH) market price has jumped over 13% in the past 24 hours to hit its all-time high (ATH) set back during the 2017/2018 bull run. Ethereum market price rallied to slightly above $1435 but had retraced to trade around $1,406.55 at the time of writing according to metrics provided by CoinGecko.

Consequently, Ethereum’s market capitalization had topped $161.57 billion with a trading volume of approximately $44.79 billion. The second crypto asset by market capitalization and largest altcoin now has officially made a new all-time high and awaits to make it support instead of a resistance level.

A Closer Look at Ethereum and Its Ecosystem amid New ATH

The asset is closely following the footsteps previously made by bitcoin before surpassing its all-time high. The Ethereum ecosystem has experienced a sharp uptick in blockchain activity, bolstered by the huge institutional and retail demand. Apparently, the Ethereum ecosystem settles 28% more transactions daily than the Bitcoin ecosystem.

“Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily – $3 billion more than Bitcoin. Imagine not being bullish,” asserted Ryan Watkins, a researcher at Messari, a data aggregation portal.

However, the high transaction fees have choked a significant amount of volume from small retail traders.

Ethereum developers are working on implementing Eth 2.0 that supports proof of stake away from the energy-consuming proof of work. With phase 0 already up and running, investors are optimistic the high transaction issue will be solved and allow the scalability of the system.

Notably, the Ethereum ecosystem has significantly benefited from the booming decentralized finance industry. Most of the Defi projects are supported by the Ethereum blockchain despite of the growing competition from the Binance Smart Chain. Metrics provided by Defi pulse indicate the DeFi ecosystem has surged tremendously since January 2020. The total value locked in the entire defi ecosystem stands at approximately $25.2 billion.

Ethereum market price continues benefiting from the depreciating supply and increasing demand. Notably, with the introduction of staking, a significant amount of Ethereum units have been locked to facilitate the system. At the time of writing, there are approximately 114,315,516 in circulating supply.

Similar volatility has been experienced in other top-ranked altcoins including Litecoin and Bitcoin Cash. However, Bitcoin remains trapped in a consolidation mode, whereby its down approximately 1% in the past 24-hours.

Ethereum market price remains highly undervalued, whereby both analysts and investors remain optimistic the rally will be enormous by the end of the year.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
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“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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CoinShares to Float Bitcoin-backed ETP on SIX Swiss Exchange

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The ETP product is set to complement CoinShares’ strategy in pushing Bitcoin into the mainstream cycle of adoption.

CoinShares, the world’s first digital asset investor to launch a regulated Bitcoin investment fund and the world’s first bitcoin-based securities on a regulated exchange is set to expand its tentacles by launching a Bitcoin-backed Exchange Traded Product (ETP) on Switzerland’s SIX Exchange. According to Bloomberg which first broke the news, the CoinShares ETP is billed to start trading on the exchange today, the 19th of January under the ticker symbol BITC.

The massive entry of Institutional investors into the Bitcoin investment world has necessitated the need for digital asset service providers to churn out enticing products and services that will endear the more conservative investors to the highly volatile crypto ecosystem. The rollout of Exchange Traded Products is one great way to achieve this and CoinShares is leveraging the receptiveness of European bourses to do this.

The ETP will be physically backed by Bitcoin at a rate of 0.001 Bitcoin which is about $37.4 at the time of writing. The ETP will charge an expense ratio of 0.98% and custody for the assets will be provided by Komainu, a venture that sprung up a mutual alliance by Ledger, Nomura Holdings Inc, and CoinShares.

“A lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand,” said Frank Spiteri, chief revenue officer at CoinShares. “We are ready, as of January, to embrace the forthcoming demand from institutional clients.”

CoinShares ETP Launching with $200M AUM

The CoinShares ETP was off to a great start as the entity was floated with about $200 million assets under management and this kick-off figure was confirmed by CoinShares Chief Strategy Officer, Meltem Demirors.

The ETP product is set to complement CoinShares’ strategy in pushing Bitcoin into the mainstream cycle of adoption. With the price of Bitcoin winking at corporate entities, the forecast to see many more institutional investors take a position with Bitcoin this year is more likely than ever. The coin whose surge in value topped $42,000 in the past days has been favored to soar as high as $146,000 by analysts from JPMorgan Chase & Co (NYSE: JPM).

In readiness to take advantage of the avalanche of inflows from more investors across all divide, the CoinShares ETP will serve as a viable reference and goto product, both in Europe and beyond for every investor who wishes not just to gain exposure to Bitcoin, but to also benefit from the increase in the coin’s valuation over time. 

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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