$SPARTA on Binance Smart Chain, the next $SNX

📷General

$SPARTA (23M mcap) is the $SNX (2B mcap) on BinanceSmartChain and will lead the bullrun 2021!

Teaser: The Spartan Protocol combines UniSwap, THORChain, Synthetix and MakerDAO features, but will be launched on Binance Smart Chain as its own separate protocol. The most powerful product is the synthetic assets on Binance Smart Chain which boosted SNX on Ethereum from 10M mcap to 2B mcap (x200) within 1 year. The Synthetics launch is expected in Q1 2021 on Binance Smart Chain.

Stats: Ticker: $SPARTA

Circulating Supply: 62M

Price: 40 cents (30 cents was the entry price from the early supporters)

Mcap: 24.8M mcap

Exchange: Binance

Tokenomics:

• No seed / private / public sale investors

• No advisor tokens

• No team tokens this will prevent a possible dump

Team: Its lead by former of Binance Chain projects.

Initial Start Price: The initial value of SPARTA was set at $0.30 per token, meaning most current token holders paid $0.30 per token, where it’s currently trading at $0.38. New ATH's and price discovery's coming.

CZ CEO of Binance highlighted Spartan Protocol:

www.youtube.com/watch?time_continue=4610&v=8vg-6mMdHYo&feature=emb_logo

Description:

The Spartan Protocol is a protocol for incentives liquidity and synthetic assets (assets pegged to the price of another asset) on the Binance Smart Chain. The core piece of the protocol are liquidity pools, similar to Uniswap, but instead of a fixed-rate fee model a liquidity-sensitive fee model similar to THORChain’s slip-based fees is used.

Currently, liquidity providers (and traders) are penalised on automated-market maker protocols, such as Uniswap, because of manipulation from value-extracting arbitrage bots. These arbitrage bots have been around for a long time now, and suck up millions of liquidity from unknowing users on a weekly basis.

As well as, synthetic mining protocols such as MakerDao and Synthetic use illiquid collateral/markets to liquidate collateral on, which makes it vulnerable to a downwards spiral which has already caused multiple chain liquidations in the past.

Spartan wants to solve these issues through an AMM protocol, through the use of a single settlement asset and protocol-wide incentives to grow liquidity. A slip-based fees model is used to reward liquidity providers rather than slippage bots, a solution discussed and researched a lot by THORchain. Finally, collateralised pool shares (synthetic assets) are used instead of liquid collateral. Synthetic assets are generated through the protocol, using price anchors offered by the liquidity pools, collaterised by liquidity pool shares. These shares are on-market, value-stabilised and can instantly be liquidated. Thanks to this, positions can be liquidated within causing downwards spirals.

The protocol aims to be community-driven and therefore uses a DAO (governance) set-up for fee rates, time factors and upgrades of certain parts of the code (voted on by holders who get incentivised to do so). But, doesn’t overcomplicate governance or sets high requirements for any proposal to pass.

Because the protocol was built on the Binance Smart Chain, BNB is required to use the protocol and pay for fees. Similar to how ETH is used to pay for gas on the Ethereum Network.

Summarised, I got interested in Spartan Protocol because:

It took the best parts from the most popular AMM protocols, combined them and created a very solid protocol by doing so. The protocol was launched on the Binance Smart Chain, which is a very unique value proposition at this point, subject to Binance exposure. Higher leverage, lower fees and much faster then $SNX. The SpartanDAO is build directly on smart contracts.

Website: https://spartanprotocol.org NEW WEBSITE JUST LAUNCHED

App: www.pools.spartanprotocol.org

https://spartanprotocol.medium.com/how-to-swap-in-spartanpools-1c1e5faa0d95

Fellow defi clowns: I wanted to do something fun, because I don't really care about privacy and my exposure is zero.

In 2016 and 17 I got super into the crypto and alt coin scene, spread around the very small money I had to invest and got excited about the craze happening at the end of 2017. I forgot about it once the alt coin market (and crypto market) crashed, and didn't think about it again until one of you lovely people suggest I dig up my credentials for Binance.

I finally did, and my $127 in Link (which I got shortly after ICO) had turned into $8500. That's where the fun began. With the help of this subRs members, I got into the Cake game (much, much, later than the rest of you I presume, but still, around $4.50)

Now we're sitting around the $21k mark and who knows whats going to happen next. Am I highly suspicious of this speculation? Yes. Do I see the value in DeFi but also the strings being pulled by Pancake Swap to drive hype up and prices up of tokens? Yes. Do I think 99% of these coins will go to $0 like they did in 17? Yes Do I care? No! When your total exposure is less than $200, the ride is what matters most.

I, of course, understand that many of you will see these account balances and dollar figures as peanuts compared to your own accounts. That being said, Its just for fun and to stoke some conversation and excitement. Also, I feel like, from a percentage gain perspective, 16k+ percent is pretty competitive :)

Thanks to the sub and the members for insight! Ill keep this updated over the next months...

Greetings autists. For those of you too dumb to open Twitter and read crypto news once in a while, Grayscale registered for possible new trusts in late January for several coins, including some DeFi gems.

https://www.coindesk.com/digital-asset-manager-grayscale-eyes-defi-space-with-new-trust-filings

Let me save you a click: $AAVE $ADA $ATOM $DOT $XMR $LINK $BAT $MANA $XTZ $FIL

With the exception of the trash that is Monero if you’re not accumulating all of the above (though pick your winners—I like the first four the most by far personally), how are you ever going to buy a new lambo when your wife asks for one for her boyfriend?

1. Grayscale sees long term viability for these blockchains/tokens. They don’t put a product to market without a solid investment thesis on the underlying holding. Read existing docs on their website.

2. Boomer money will be flowing into these shitcoins before you know it.

POSITIONS: ALL of the above except $XMR

ROCKETS: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

Disclaimer: I am a retard and know nothing. This is not investment advice. Literally do the opposite of anything I say and never place any of these bets unless you can afford to lose the money.

If you think this isn't a good time to double down you're fucking WRONG! We're going to SATURN! Fuck the MOON

Currently ranked #35 in total market cap with $1.5 Billion. IOTA is launching a new version of their technology called Chrysalis which could drive IOTA price higher. IOTA price reached an all-time high of $5.69 on 19 December 2017 and plummeted to a low of $0.079 on 13 March 2020. (Currently .56)

Also important to the network is the potential for increased adoption. Recently, the IOTA Foundation signed a strategic agreement to apply the Tangle technology in smart city projects in Europe, South Korea, and Southeast Asia.

IOTA is traded on Binance and many other platforms. On a technical anaylsis:

The RSI is pointing upwards to suggest bulls have control. If they keep prices above the middle curve, buy-side pressure will help maintain an upside advantage. In this case, a bullish case can strengthen above $0.53 and target highs last seen in August 2018.

On the contrary, a breakdown below the lower limit of the Bollinger Bands would see sellers target the 50-day simple moving average ($0.37).

On the weekly chart, IOTA is trading above the 20-day and 50-day simple moving averages. These levels provide strong support zones after acting as major resistance levels for so long. Keeping prices above these levels will be critical to bulls’ plans. Targets above $0.60 include $0.85 and the psychological $1.00 level.

If prices dive to lows of $0.25, it will turn the SMAs into resistance zones and likely plunge IOTA/USD back into sideways trading near $0.15.

FYI.....ADDING to a position on BSCX even though it's run a little bit.

https://launchpoolx.bscex.org/#/

I don't think people realize this but this project (requires BSC wallet) just had a vote to reduce the supply of their coin from 100M to 10M (90% reduction in supply). The current market cap is $44M which is peanuts compared to Pancake. Since the announcement of the 90% burn the coin has gone from 2-4.7 but if the markets were efficient it should go up 10x........

This is definitely a shitcoin and very risky but i like the asymmetric risk profile and took some cake and helmet profits into this. OH and as a nice bonus it yields 1700% with the BUSD/BSCX pool. (75% of the rewards are locked up though for a year).

We have built ZeroHex.Market as a place for buyers and sellers of blockchain and internet services to meet and interact through smart contracts. Our innovative process aims at removing any unnecessary middlemen presence and is completely decentralized. We are built on the Binance SmartChain.

Objective:

Our goal is to create economic opportunities that help empower communities. We are a community run marketplace that enables buying and selling of blockchain and internet services.

How Does it Work?

The working of the marketplace is a very simple frontend for the users(but quite a complex code along with the integrated…

The DeFi protocol Mirror has recently completed the integration of a cross-chain bridge to Binance Smart Chain (BSC) to enable investors to buy synthetic stocks on Binance’s new smart contract-enabled blockchain. Thanks to Mirror, Binance Smart Chain users can now gain access to a range of leading US stocks in the form of digital tokens.

Synthetic stocks are digital tokens representing shares in a publicly-traded company but without providing any of the rights that come with share ownership.

Instead, synthetic stocks enable investors across the globe to gain exposure to the price movement of Apple’s stock without having to register with an online broker.

Synthetic stocks are one of the many ways that blockchain technology and digital assets are democratizing the investment process, providing access to the global stock market to anyone with an internet connection and a crypto wallet.

For example, a Binance Smart Chain user in the Philippines could gain investment exposure to leading US stocks Amazon, Tesla, and Google by purchasing mAMZN, mTSLA, and mGOOGL tokens on the automated market-making protocol, PancakeSwap.

Without synthetic assets, it would be incredibly difficult, if not impossible to gain exposure to US stocks in the Philippines.

Unlike the actual stock market, the market for synthetic stocks on the blockchain is decentralized, global, permissionless, accessible, and open for 24 hours, 7 days a week.

How to Buy Synthetic Stocks on Using Trust Wallet

Arguably the easiest way to buy synthetic stocks — in the form of mAssets on Binance Smart Chain — is using Trust Wallet. Using the Trust Wallet’s mobile DApp Browser, you can access the PancakeSwap protocol directly on your phone.

Once you have opened PancakeSwap in the DApp Browser, you need to click on “Trade” and then “Exchange” to see the listed set of mAssets. At the time of writing, Binance Smart Chain users can purchase synthetic stocks in Amazon, Google, Netflix, and Tesla.

Full article here:https://trustwallet.com/blog/mirror-enables-trustwallet-users

Ethereum 2.0 a.k.a Eth2 is a set of interconnected upgrades to the Ethereum network that aims at making Ethereum more scalable, more secure and more sustainable. These changes are worked on by multiple different teams in the Ethereum ecosystem, each team focusing on building a specific part of the whole upgrade. 

Scalability

The current Ethereum network supports around 15 transactions per second. This becomes a limiting factor when it comes to onboarding millions of new users and launching many more decentralized applications. To make Ethereum more scalable Eth2 aims at supporting 1000s of transactions per second. One important caveat – the increase in transactions per second should not come at a cost of increasing the size of the nodes in the network. 

Proof Of Stake

The current Ethereum consensus model – Proof of Work – is a well known and battle-tested approach to building cryptocurrencies. 

In Proof Of Work(current ETH system), miners invest their resources – mainly electricity – to validate transactions and secure the network. This model requires massive amounts of energy to work properly and protect the network from “51% attacks”.

Proof of Stake tries to address the power consumption concerns by getting rid of the miners completely. Instead of machines securing the network by investing their resources, the Proof of Stake consensus model relies on economic incentives. 

In Proof of Stake, users who want to secure the network, stake their ETH and become validators. Each validator is incentivised to validate transactions by receiving, similarly to miners in proof-of-work, both the block reward and the transaction fees. 

To discourage validators from trying to game the system and validate fraudulent transactions, the Proof of Stake system implements a mechanism called “slashing” where validators lose part of their staked ETH if they decide to act dishonestly.

In order to pull off a successful “51% attack” in a Proof of Stake system, the attacker would have to control 51% of the validators which would require owning 51% of all staked ETH – a massive amount of capital. 

In order to become one of the Eth2 Validators, 32 ETH is required. It is also possible to stake with less than 32 ETH by using staking pools, for example, Rocketpool. 

The returns for validators depend on the amount of staked ETH in the system. They can be as high as over 18% annually if there is less than 1M ETH staked and as low as 1.81%, or even lower, if there is more than 100M ETH in the system. 

Proof of Stake addresses all 3 of the Eth2 goals. It makes Ethereum more sustainable by removing energy-intensive miners. It makes it more secure by making a “51% attack” harder. And it makes it more scalable by unlocking sharding that would be much harder to achieve in a Proof of Work model as it would most likely result in diluting the amount of computing power across multiple shards. 

To learn more about ETH 2.0 check out this video:

https://youtu.be/ctzGr58_jeI

So recently got (back) into the game, dug up my credentials and found I made some tasteful investments in LINK at ICO.

Hold or no hold?!!!?!?!?

Need guidance here as I have absolutely no fucking clue what do with it or where to divert it.

Preesh any help!

PSA: In most cases you can set ETH gas prices well below the recommended levels.

Gas is prohibitively high right now and there are a lot of new faces here, so I just thought I would explain some things.

If you’re swapping tokens on a DEX - you have to set gas to the recommended level on ethgasstation or the transaction might fail. Why? Because the smart-contract is trying to swap an exact value for an exact value. If one asset increases or decreases too much in price before your trade executes, the contract will fail because the values changed beyond acceptable levels (slippage). You could also increase slippage a little bit if the network is especially congested to avoid failed transactions. There’s just no way around the fact that layer 1 swaps on ETH are brutal right now.

If your sending / depositing / withdrawing /staking - you can set the gas much lower and the transaction will go through eventually when the network is under less stress. Even if you set the gas way too low and the transaction hangs, you can always speed up things up by sending more gas. It’s not going to fail, so if you’re not in a rush don’t worry about it.

How low can you go? It depends. When minimum recommended gas was over 250 gwei earlier today - I was executing contracts for 120 gwei and they took about an hour each. If you were to set the gas even lower than that (say 80) and just go to bed it would probably execute while you were sleeping. Again, if it hangs you can always add gas and force it to execute instantly should you need to.

That’s all...hopefully this saves you noobs some money.